First Published: Oct 15 2026 | 10:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Analysts are largely bullish on Bonfiglioli Transmissions IPO, and the grey market premium also remains strong. First Published: Oct 15 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee appreciated 31 paise to 94.86 against the US dollar in early trade on Thursday, supported by the ongoing impact of the Reserve Bank of India's structural forex interventions and liquidity-tightening measures. Market participants attributed the rupee's continued appreciation to central bank intervention and the unwinding of long dollar positions. However, ongoing external macroeconomic pressures are likely to temper further gains, they said. At the interbank foreign exchange market, the rupee opened at 94.95, then gained ground to touch 94.86, registering a gain of 31 paise over its previous close. On Wednesday, the rupee appreciated 19 paise to close at 95.17 against the US dollar. The rupee has now crossed 95.5095.00 range, bringing 94.80 into focus, CR Forex Advisors MD Amit Pabari said. "A sustained break below 94.80 could open the door to another 5075 paise of appreciation. And the reduced direct dollar demand from oil companies could support the momentum," Pabari added. Meanwhile, India's WPI inflation accelerated to 11.39 per cent from 9.92 per cent, with food inflation reaching 8.66 per cent. Combined with CPI inflation of 5.54 per cent, dual inflation pressure makes it very difficult for the RBI to turn dovish. Market expectations of rate hikes over the next 12 months have also increased. If tighter monetary policy materialises, it could support the rupee through favourable interest-rate differentials and carry flows, Pabari said. Meanwhile, the RBI's recent forex measures, including the special dollar window for oil companies, are helping ease immediate pressure on the spot market. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.54 per cent at 101.99. Brent crude, the global oil benchmark, was trading lower by 1.66 per cent at $104.30 per barrel in futures trade. On the domestic equity market front, Sensex climbed 354 points to 73,157.43 in early trade, while the Nifty was trading up 96.15 points to 22,726.05. Foreign Institutional Investors (FIIs) offloaded equities worth ?1,857.44 crore on a net basis on Wednesday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 15 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Why are Canara Bank shares down 7% in trade today after Q2 results? First Published: Oct 15 2026 | 10:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 15 2026 | 10:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 15 2026 | 9:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jio IPO GMP at ?200 as Ambani firm fixes price band, date for share sale First Published: Oct 15 2026 | 9:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jio IPO GMP at ?200 as Ambani firm fixes price band, date for share sale First Published: Oct 15 2026 | 9:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDB Financial shares fall 4% after Q2 results as brokerages cut targets First Published: Oct 15 2026 | 9:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 15 2026 | 9:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Audi India Brand Director Balbir Singh Dhillon expects demand for Q3 to exceed initial supply First Published: Oct 15 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 15 2026 | 8:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 15 2026 | 8:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 15 2026 | 8:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 15 2026 | 8:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Both gold ETFs and jewellery stocks offer exposure to the gold theme, but their investment drivers differ. First Published: Oct 15 2026 | 8:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Consumption stocks: Bet now or wait for festive sales to show recovery? First Published: Oct 15 2026 | 8:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Consumption stocks: Bet now or wait for festive sales to show recovery? First Published: Oct 15 2026 | 8:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.2 per cent Markets started the day on the back foot as trading kicked off in Asia on Thursday, as a quicker-than-expected increase in US consumer price inflation upped expectations for the Federal Reserve to act later this year and pushed stocks lower. MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.2 per cent, ?led by a 5.6 per cent plunge in South Korea's KOSPI, while the Nikkei 225 fell 1.3 per cent. S&P 500 e-mini futures were down 0.3 per cent. Overnight, stocks on Wall Street logged their third day of declines after US consumer price inflation accelerated by more than expected in September. The S&P 500 fell 1.1 per cent, the Nasdaq Composite tumbled 1.9 per cent and a gauge of semiconductor stocks extended losses into a sixth day, as the prospect of higher interest ?rates pummelled shares of Oracle, CoreWeave and other AI stocks sensitive to higher borrowing costs. "While the initial selloff was triggered by the hotter-than-expected CPI, tech was the main driver of today's selloff," JPMorgan analysts wrote in a note. "AI was again the main challenge ... with financing risks and IPO timelines still at the centre of the story." The CPI data lifted expectations of interest rate hikes from the Federal Reserve over the course of the year ahead, possibly as soon as later this month. Fed funds futures are now pricing an implied 31.6 per cent probability of a 25-basis-point hike at the US central bank's ?next two-day meeting on October 28, compared to a 22.1 per cent chance a day earlier, according to the CME Group's FedWatch tool. The yield on the US 10-year Treasury bond fell 4.4 basis points ?to 5.144 per cent. Against the yen, the US dollar slid 0.2 per cent to 157.925 yen, while the euro was up ?0.3 per cent at $1.1194. The Australian dollar declined 0.2 per cent to $0.6956 after employment unexpectedly decreased by 39,300 jobs in September, against expectations of an increase of 20,000. Investor attention turns to speeches from Fed officials speaking ?in Bangkok, including Chair Kevin Warsh, for clues on the US central bank's next move, as well as US producer prices and retail sales data due for release later on Thursday. AI chip ?giant TSMC will also release earnings for the third quarter later in the Asian trading session. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 15 2026 | 8:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 15 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Breakout stocks: Bonanza picks Jindal Saw, BHEL, Allied Blenders First Published: Oct 15 2026 | 8:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Two-wheeler stocks: Can the onset of festive demand offset weak monsoon? First Published: Oct 15 2026 | 8:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty faces 22,850 hurdle; analyst recommends BHEL, HAL, IndiGo for trade First Published: Oct 15 2026 | 8:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Inflation puts FMCG firms' margins at risk; analysts back Marico, Nestle First Published: Oct 15 2026 | 8:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 15 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Satyajit Mittal said the broader Indian footwear market is valued at about ?1 trillion, of which children’s footwear accounts for 12 to 13 per cent This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 9:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Chief Minister of Maharashtra Devendra Fadnavis Inaugurates Hyundai Motor India’s Pune Plant First Published: Oct 14 2026 | 8:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 7:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 7:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 7:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 7:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 14 2026 | 6:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 6:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 4:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 4:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RCPL said Joyland is available in Tamil Nadu with immediate effect. First Published: Oct 14 2026 | 4:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RCPL said Joyland is available in Tamil Nadu with immediate effect. First Published: Oct 14 2026 | 4:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RCPL said Joyland is available in Tamil Nadu with immediate effect. First Published: Oct 14 2026 | 4:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RCPL said Joyland is available in Tamil Nadu with immediate effect. First Published: Oct 14 2026 | 4:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RCPL said Joyland is available in Tamil Nadu with immediate effect. First Published: Oct 14 2026 | 4:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 3:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 3:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hotel investments jump nearly 3-fold to $497 million in H1 2026: JLL First Published: Oct 14 2026 | 3:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BHEL stock gained 5% after reporting Q2 earnings on Wednesday. First Published: Oct 14 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 2:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Line of Actual Control (LAC) has to be stable for normalising relations between India and China, External Affairs Minister S Jaishankar has said, asserting that any disturbance along the border will have consequences. Jaishankar also linked expansion of trade and investment ties between the two countries to peace and tranquillity along the border. "The point we make to the Chinese is: 'If you want a normal relationship, if the rest of the relationship is to move, it's common sense -- It is a no-brainer that the boundary has to be stable and that we need peace and tranquillity in the border areas'," he said. Jaishankar, speaking at the Bloomberg New Economy Forum on Tuesday evening, noted that the situation along the LAC has "settled down" to a great extent since 2024 and that the relationship is "commensurately moving towards normalcy." In the last few months, both sides have rolled out a series of confidence-building measures to repair ties frayed by the more than four-and-a-half-year military standoff in eastern Ladakh. The face-off ended in late 2024. To a question on whether India would allow more Chinese investment in the country in case there was an "early harvest" agreement on the boundary question, Jaishankar broadly said that various possibilities are being looked at. "We are now looking at those possibilities, and we have to see where we go. But we are not insisting that you have to solve the boundary issue in order to do business." "What we are saying is: the bar is lower. The bar is: maintain peace and tranquillity. I wouldn't link the early harvest to anything other than the boundary question resolution. Anything we do on any policy we have on business, market access issues will be dealt with separately." The external affairs minister also flagged concerns over economic issues with China. "We also have very major economic issues with China. If you look today at the trade balance, it is completely tilted (towards China)," he said. "The tilt is extremely one-sided, and in many sectors where we have done well with the rest of the world, we have not had market access; we have not had a successful business operation for that sector in China," he said. "We do believe today that we're not getting a level playing field in China in the manner in which we have given a level playing field to them," he noted. Jaishankar also referred to the Galwan valley clashes of 2020 and explained how it brought the ties under severe strain. "From 1975 till 2020, a good 45 years, no blood was shed on that border. The last time there were fatalities was in 1975. In this period, India-China relations did grow," he said. "Then in 2020, when we were in the midst of the Covid lockdown, we had a series of border issues, and it culminated in a clash in which a number of soldiers were killed on either side," he said. "For us, what it represented was a very profound departure from the situation that was prevailing since 1975. If the peace and tranquillity in the border areas are disturbed, then the relationship will have consequences," he said. Jaishankar said those consequences were very visible in the next few years until peace and tranquillity was restored. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 14 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The change is aimed at preventing investors from using Mauritius-based entities primarily to secure tax benefits that would otherwise not be available to them First Published: Oct 14 2026 | 1:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The change is aimed at preventing investors from using Mauritius-based entities primarily to secure tax benefits that would otherwise not be available to them First Published: Oct 14 2026 | 1:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sun Pharma share price dropped to a 5-month low on Wednesday. First Published: Oct 14 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IDBI Bank share price zooms 13% to five-week high on heavy volumes First Published: Oct 14 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IDBI Bank share price zooms 13% to five-week high on heavy volumes First Published: Oct 14 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 1:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 14 2026 | 1:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 14 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
West Asia war keeps $110 in sight for oil despite supply recovery: Analyst First Published: Oct 14 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wipro Q2 results preview: Revenue growth likely over 8%, margins in focus First Published: Oct 14 2026 | 12:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wipro Q2 results preview: Revenue growth likely over 8%, margins in focus First Published: Oct 14 2026 | 12:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 14 2026 | 12:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 14 2026 | 12:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Textile stocks rallied up to 6% in Wednesday's trading session. First Published: Oct 14 2026 | 12:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RailTel share price rose 2% in intraday deals on Wednesday after securing ?197.18 crore SBI order. First Published: Oct 14 2026 | 11:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Analysts at JM Financial are bullish on PNC Infratech's prospects and have a 'BUY' rating on the counter. First Published: Oct 14 2026 | 11:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SS Retail share price zooms 20% after Q1 PAT rockets 61%; adds 33 stores First Published: Oct 14 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 11:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
West Coast Paper Mills share price soared 10% in Wednesday's intraday trade. First Published: Oct 14 2026 | 11:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
An additional 200,000 tonnes has been allocated to sugar importers. First Published: Oct 14 2026 | 11:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The GST demand on Paytm subsidiary First Games Technology has been reduced to ?703.66 crore from ?5,712 crore for the period from April 2018 to March 2023. First Published: Oct 14 2026 | 10:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Perjeta generated global sales of around 2.97 billion Swiss francs in 2025, according to Roche’s financial disclosures, highlighting the size of the market Biocon is targeting First Published: Oct 14 2026 | 10:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 10:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharat Coking Coal share price zooms over 7% after raw material price hike First Published: Oct 14 2026 | 10:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 10:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 10:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 14 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hero Motors jumps 8% after Q1 profit doubles; stock up 100% from IPO level First Published: Oct 14 2026 | 10:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Despite already having a cash balance of ?20 billion at FY26-end, JM Financial believes Urban Company's decision to explore a fundraise is strategically prudent. First Published: Oct 14 2026 | 10:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Transformers and Rectifiers (India) share price zoomed 14% in Wednesday's trading session. First Published: Oct 14 2026 | 9:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee appreciated 44 paise to 94.92 against US dollar in early trade on Wednesday, supported by Reserve Bank of India interventions designed to ease near-term dollar demand and limit speculative foreign exchange exposure. Forex traders said the USD/INR pair, which has gained nearly 2 per cent in the last three trading sessions, opened on a positive note on Wednesday, largely driven by regulatory measures implemented by the RBI to limit volatility and curb speculative trading. A sustained move below the 95.00 threshold opens potential toward 94.50, but ongoing external macroeconomic pressures are likely to temper further gains, they said. At the interbank foreign exchange market, the rupee opened at 95.05, then gained ground to touch 94.92, registering a gain of 44 paise over its previous close. On Tuesday, the rupee strengthened for the third straight session and appreciated 42 paise to close at 95.36 against the US dollar. Meanwhile, Finance Minister Nirmala Sitharaman on Tuesday said the rupee has depreciated "significantly" over the past year and a half, and the RBI will continue its efforts to prevent excessive volatility in the domestic currency. The Reserve Bank over the weekend announced a slew of measures to stem rupee fall. The central bank announced the creation of a special window for oil marketing companies, which will take the dollar demand away from the spot market and tightened rules governing forex derivatives trades to curb speculative bets against the rupee. It also asked banks to maintain a 20 per cent reserve for dollar purchases of over $2 million. The minister said most of the rupee's volatility is stemming from external challenges, while the government is ensuring that macroeconomic fundamentals remain sound within the country. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.06 per cent at 102.11. Brent crude, the global oil benchmark, was trading higher by 0.57 per cent at $106.29 per barrel in futures trade. On the domestic equity market front, Sensex dipped 32.96 points to 73,000.82 in early trade, while the Nifty fell 32.65 points to 22,688.75. Foreign Institutional Investors (FIIs) offloaded equities worth ?1,305.13 crore on a net basis on Tuesday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 14 2026 | 9:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vinay Rajani favours buy-on-dips in Nifty; bets on HAL, Karnataka Bank First Published: Oct 14 2026 | 9:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Elxsi shares gain over 7% after Q2 results; brokerages remain split First Published: Oct 14 2026 | 9:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian shares inched higher on Wednesday as those related to artificial intelligence found respite after a selloff, while any gain was tempered by elevated oil prices and caution ahead of US inflation data later in the global day. Among firms in the AI supply chain, chipmakers Samsung Electronics and SK Hynix rose more than 2% in ?South Korea while Kioxia was steady in Japan, recovering some of the previous session's loss. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5% after US stocks ended the previous session with a mild loss. Japan's Nikkei rose 0.2% and South Korea's Kospi added 1.8%. Sentiment remained cautious, however, with oil prices elevated as concern over energy supplies intensified following Houthi missile and drone attacks on Saudi Arabia. US crude ticked up 0.8% to $94.96 a barrel. Brent crude rose to $106.6. "After yesterday's chip-led sell-off in the region ... market participants will be gauging whether shakiness across major indices eases. The geopolitical situation globally and the impact on energy markets won't help," said analyst Kyle Rodda at Capital.com. In another sign of risk aversion, longer-dated ?bonds rallied as investors sought safety. The yield on benchmark 10-year Treasury notes was steady at 5.221% after touching its lowest in nearly two weeks, while that on 30-year notes held at 5.569% following a three-day decline. On Wall Street overnight, US bank stocks lost ground after mixed quarterly earnings results from Citigroup and peers, weighing on broader markets. US stock futures, the S&P 500 e-minis, were up 0.04% at 7,858.8. Market participants were awaiting US consumer price index data on Wednesday, hoping to extract clues on the Federal Reserve's interest-rate outlook. On average, economists estimated headline inflation accelerated to an annual 3.6% in September due to rebounding energy prices, with the core ?CPI rising 0.2% on a monthly basis. "The risk is the core CPI surprises to the upside because of strong consumer demand and higher costs, pushing up market pricing of an October Fed hike and the USD," ?said currency strategist Carol Kong at Commonwealth Bank of Australia. Investors priced in a 22% chance of an October interest ?rate hike ahead of the CPI data, the CME FedWatch Tool showed. New York Federal Reserve President John Williams said the Fed may need to raise its policy rate once more this year to slow inflation, ?but that he sees no need for hikes in 2027. The dollar index, which tracks the greenback against the currencies of some major trading partners, was down at 102.17. The euro was little changed at $1.1202. Market participants were ?also awaiting Chinese inflation data on Wednesday, looking for signs of reviving domestic demand amid deflationary pressure. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 14 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Outperformance appear to be driven by sharp increase in earnings expectations Illustration: Binay Sinha First Published: Oct 14 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fusion CX IPO: Brokerages mixed; customer concentration a key concern First Published: Oct 14 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Specialised investment funds (SIFs) The sharp rise in SIF assets reflects growing investor interest in more sophisticated investment strategies that offer flexibility across market conditions. "The rise of SIFs signals an evolution in India's investment landscape. As investors become more aware and their portfolios more sophisticated, the need for strategies that offer greater flexibility across market conditions is growing," said Radhika Gupta, MD and CEO, Edelweiss Mutual Fund. Gupta added that the key challenge is building awareness, setting the right expectations and helping investors understand how these strategies fit into their long-term financial goals. But as SIFs gain popularity, investors need to assess whether these complex strategies are suitable for their portfolios. First Published: Oct 14 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brent fell 0.9% on Tuesday, while WTI rose 0.4% Oil prices climbed on Wednesday as traders weighed supply risk from fighting between Yemen's Iran-allied Houthis and Saudi Arabia against the prospect of increased diesel from Russia. Brent crude futures rose 89 cents, or 0.8%, to $106.58 a barrel by 0030 GMT, ?while US West Texas Intermediate crude futures gained 80 cents, or 0.9%, to $94.94. Brent fell 0.9% on Tuesday, while WTI rose 0.4%. "Supply concern stemming from conflict between the Houthis and Saudi Arabia is driving prices higher," said chief strategist Hiroyuki Kikukawa at Nissan Securities Investment, a unit of Nissan Securities. "However, the expectation that increased Russian diesel exports will ease market tightness is likely to limit sharp price movement in either direction," Kikukawa said, projecting WTI to trade between $90 to $100 a barrel. The Houthis attacked an administrative building belonging ?to state-owned oil firm Saudi Aramco in the city of Dhahran, causing a limited fire, Saudi Arabia's energy ministry said on Wednesday. The group has fired ballistic missiles and drones at Saudi Arabia over the past week in retaliation for the kingdom's support of Yemeni government forces. Riyadh's international airport has been hit four times, with a strike on Saturday killing 13 people. Last month, Saudi Arabia raised oil production despite disruption to shipments caused by the US-Iran war, leading to a sharp production ?increase from OPEC+ - the Organization of the Petroleum Exporting Countries and partners including as Russia - OPEC said on Tuesday. Iran is deploying new tactics to target ships ?in the Strait of Hormuz to keep oil prices high and influence US midterm ?elections, two senior Iranian officials told Reuters. In Russia, the government said on Tuesday it did not see any direct link between peace talks with Ukraine ?and its deal to export diesel to the US. The comment came after Reuters reported that US envoys had told Ukrainian officials on Friday that the deal was part ?of an attempt to draw Russia back to negotiations for a peace settlement. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 14 2026 | 8:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Facing criticism over the diesel deal with Russia, US President Donald Trump said the fuel from Moscow's refineries was meant to stabilise the global market, which has been hit by high prices. On October 9, Trump announced that Russia would supply more than 300,000 tons of diesel, followed by an additional 500,000 tons in November and 1 million tons "immediately thereafter." To facilitate the shipments, the US Treasury Department issued a temporary licence easing sanctions on Russian diesel shipments to global markets until April 7, 2027. The move came ahead of November congressional midterms in the US, as diesel prices surged amid supply disruptions caused by the Iran war. "That's a diesel deal. Not for us. That's being released into the world. That's not being released to us," Trump told reporters here on Tuesday, amid a growing chorus against the surprise deal he announced last week after talks with Russian President Vladimir Putin. Republicans and Democrats hit out at the deal, which Trump announced three weeks after the US Congress authorised him to impose sweeping sanctions on Russia and slapped tariffs on its key trading partners, including China and India. "That's a diesel deal that's going to be released into the world for the world market, because the world market suffered with high prices. And when you knock out diesel refineries, that's not a great thing. But they are not releasing it to us. They are releasing it to the entire world," Trump said. On Tuesday, a bipartisan group of US senators wrote to Trump, terming the Russia deal a "gift to our adversary and a betrayal of our allies". "The deal you struck with President Vladimir Putin on October 9 will not achieve just ends, nor will it benefit Americans," the senators said. The letter was signed by Democrats Richard Blumenthal, Chris Coons, Dick Durbin, Jack Reed, Jeanne Shaheen and Sheldon Whitehouse and Republicans Alan Armstrong, Susan Collins, John Cornyn, Mitch McConnell, Lisa Murkowski and Thom Tillis. "This deal is a gift to our adversary and a betrayal of our allies; it should be rescinded," the letter said. Senators said they recognised the need to lower energy costs for Americans, but asserted that allowing Russian diesel into global markets will offer limited to no relief to Americans. The deal "only provides Putin with more fuel to finance his war machine and enables Russia to continue its brutal attacks on Ukrainian civilians," they said. "It will have a negligible impact on fuel prices, but the revenues the Kremlin will receive from this agreement will undoubtedly finance its desired war of attrition and advance its security cooperation with China, Iran, and North Korea," the senators said. Last month, Congress passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which Trump swiftly signed into law. "Both chambers passed the legislation with resounding, bipartisan votes, clearly demonstrating our intent and granting you the authorities to broker a just and fair peace," the senators said. They said these authorities require the president to apply economic pressure on Russia and the chief enablers of its war, particularly China, thereby enhancing the US negotiating position to bring a swift end to this ruinous conflict. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 14 2026 | 8:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Technical view: Chandan Taparia bullish on HAL, Shriram Finance & 1 more First Published: Oct 14 2026 | 7:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex were moving in a small range as firm oil prices weighed on risk-on sentiment. First Published: Oct 14 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to open on a negative note as oil prices extended gains. First Published: Oct 14 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: Hyundai, Tata Elxsi, BHEL, HDB Fin, Adani Enterprises First Published: Oct 14 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mirae Asset: Oil volatility to rise ahead of midterm; Brent may test $120 First Published: Oct 14 2026 | 7:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Oct 14 2026 | 7:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 14 2026 | 12:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 14 2026 | 12:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 13 2026 | 11:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 13 2026 | 6:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 13 2026 | 5:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sridhar Vembu, co-founder and CEO, Zoho Corp First Published: Oct 13 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 13 2026 | 5:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 13 2026 | 5:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Technology companies, including Microsoft, Google and Amazon, are developing custom AI chips to cut inference costs, improve power efficiency and reduce reliance on external processors. First Published: Oct 13 2026 | 4:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RBL Bank reported a healthy quarter, with NII broadly in line with estimates First Published: Oct 13 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Virat Kohli (in centre) First Published: Oct 13 2026 | 4:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A cyberattack on refrigeration systems disrupted hundreds of French supermarket outlets in October 2026. First Published: Oct 13 2026 | 4:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 13 2026 | 3:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Buzzing stock: Why is Bandhan Bank share price up 8% in trade today? First Published: Oct 13 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 13 2026 | 11:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 13 2026 | 11:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HD Fire Protect IPO review: Brokerages bullish on long-term prospects First Published: Oct 13 2026 | 11:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Share price of Max Healthcare dropped to over 2-year low on Tuesday. First Published: Oct 13 2026 | 11:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Funding in the first nine months of 2025 stood at $1.9 billion Indian fintech companies raised $2.2 billion in January-September 2026, up 14 per cent from a year earlier, even as the number of funding rounds fell 41 per cent, with five deals of $100 million or more making up nearly half the total, according to Tracxn. Funding in the first nine months of 2025 stood at $1.9 billion. The number of rounds dropped to 153 from 260 a year ago, the data intelligence platform said in a report. This year's funding is still only about 40 per cent of the peak of $5.5 billion recorded in the first nine months of 2021. The five largest rounds together brought in about $1.1 billion. CRED's $540 million Series H round in June, backed by Meta, alone accounted for about a quarter of all funding. The others were KreditBee's $220 million Series E in April, Weaver's $103 million Series B in March, Slice's $100 million Series D in September and Navi's $100 million Series C in August. Late-stage funding, which includes Series C and later, private equity and pre-IPO rounds, nearly doubled to $1.5 billion from $751 million, despite fewer deals (25 against 30). It made up 67 per cent of all capital raised and was the only stage to grow. Early-stage funding (Series A and B) fell 33 per cent to $668 million across 52 rounds, from $1 billion across 82 rounds. Seed funding dropped 57 per cent to $73.8 million across 76 rounds, from $173 million across 148 rounds. The number of companies raising funds for the first time nearly halved to 30 from 59, the report said. Existing investors in the sector fell to 125 from 192, and first-time investors fell to 33 from 48. By segment, digital lending attracted the most funding at $809 million, followed by payments at $776 million and investment tech at $450 million. Bengaluru's share of fintech funding rose to 62 per cent ($1.4 billion) from 52 per cent a year earlier. Mumbai followed with 24 per cent and Gurugram with 7 per cent. The sector produced three new unicorns, startups valued at $1 billion or more: Square Yards, KreditBee and Neo Group, compared with two a year earlier. There were three initial public offerings, up from two. They were led by Augmont, which had a market capitalisation of $757 million at its IPO in August, followed by Turtlemint ($471 million, June) and Kissht ($305 million, May). Acquisitions fell 45 per cent to 11 from 20. The largest was Indiabulls Group's $110 million purchase of Fintech Cloud, followed by Oxyzo's acquisition of GoldenPi for $4.4 million and Choice's purchase of Fintoo for $1.1 million. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 13 2026 | 10:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 13 2026 | 10:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kolte-Patil Developers Ltd on Tuesday reported a 52 per cent growth in sales bookings to ?1,019 crore in the July-September quarter on better demand for its housing projects. Its sales bookings stood at ?670 crore in the year-ago period. In a regulatory filing, the company reported its highest-ever quarterly sales of ?1,019 crore in the July-September period of 2026-27 fiscal, up 52 per cent year-on-year. For the first half of this fiscal, sales bookings reached a record ?1,636 crore, up 27 per cent from ?1,286 crore in the year-ago period. Hrishikesh Parandekar, Chief Executive Officer, Kolte-Patil Developers, said, "Our robust performance in Q2 and H1 FY27, with record quarterly and half-yearly sales and strong collections, reflects the resilience of our business." The company saw strong sales in new projects and also sustained sales across its ongoing projects, he added. "While demand has softened in the near term across the broader market, particularly in Pune, we have continued to deliver strong business momentum," Parandekar said. The long-term fundamentals of India's residential real estate market remain favourable, driven by urbanisation, rising aspirations and an increasing preference for quality housing, he observed. Pune-based Kolte-Patil has developed and constructed over 82 projects, including residential complexes, integrated townships, commercial complexes, and IT Parks, covering a saleable area of more than 34 million square feet across Pune, Mumbai and Bengaluru. Global investment firm Blackstone owns a 40 per cent stake in the company. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 13 2026 | 10:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kolte-Patil Developers Ltd on Tuesday reported a 52 per cent growth in sales bookings to ?1,019 crore in the July-September quarter on better demand for its housing projects. Its sales bookings stood at ?670 crore in the year-ago period. In a regulatory filing, the company reported its highest-ever quarterly sales of ?1,019 crore in the July-September period of 2026-27 fiscal, up 52 per cent year-on-year. For the first half of this fiscal, sales bookings reached a record ?1,636 crore, up 27 per cent from ?1,286 crore in the year-ago period. Hrishikesh Parandekar, Chief Executive Officer, Kolte-Patil Developers, said, "Our robust performance in Q2 and H1 FY27, with record quarterly and half-yearly sales and strong collections, reflects the resilience of our business." The company saw strong sales in new projects and also sustained sales across its ongoing projects, he added. "While demand has softened in the near term across the broader market, particularly in Pune, we have continued to deliver strong business momentum," Parandekar said. The long-term fundamentals of India's residential real estate market remain favourable, driven by urbanisation, rising aspirations and an increasing preference for quality housing, he observed. Pune-based Kolte-Patil has developed and constructed over 82 projects, including residential complexes, integrated townships, commercial complexes, and IT Parks, covering a saleable area of more than 34 million square feet across Pune, Mumbai and Bengaluru. Global investment firm Blackstone owns a 40 per cent stake in the company. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 13 2026 | 10:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 13 2026 | 10:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ICICI Prudential AMC gains 2% after steady Q2 nos, positive analyst views First Published: Oct 13 2026 | 10:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee appreciated 82 paise to 94.96 against US dollar in early trade on Tuesday, supported by various RBI measures aimed at reducing immediate dollar demand and curbing excessive positions in the foreign exchange market. Forex traders said measures including a dedicated dollar window for oil marketing companies through designated banks and higher costs for certain foreign exchange hedging transactions, are expected to reduce dollar demand in the spot market and curb speculative positions against the rupee. At the interbank foreign exchange market, the rupee opened at 95.53, then gained ground to touch 94.96, registering a gain of 82 paise over its previous close. On Monday, the rupee appreciated 93 paise, logging its steepest single-day gain in more than six months, to close at 95.78 against the US dollar. "With the RBI's measures supporting the rupee, we expect USD/INR to move towards 95.0094.80 range in the near term," CR Forex Advisors MD Amit Pabari said. The RBI on Saturday tightened rules governing forex derivatives trades to curtail speculative bets against the rupee and asked banks to create a 20 per cent reserve for dollar purchases of over USD 2 million. In another set of measures announced on Saturday on the derivatives front, the RBI said authorised dealers (AD) should not permit users to rebook any foreign exchange derivative contract involving the INR, whether deliverable or non-deliverable, which has been cancelled. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.15 per cent at 102.43. Brent crude, the global oil benchmark, was trading lower by 1.11 per cent at USD 105.47 per barrel in futures trade. On the domestic equity market front, Sensex climbed 305 points to 72,224.15, while the Nifty was up 93.40 points to 22,458.50. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,708.48 crore on a net basis on Monday, according to exchange data. On the macroeconomic front, retail inflation in the country rose sharply to 5.54 per cent in September on the back of high onion and other food prices, remaining just within the RBI's tolerance band, government data released on Monday showed. The consumer price index (CPI) based headline inflation was 4.83 per cent in August, according to the National Statistics Office (NSO). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 13 2026 | 10:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 13 2026 | 9:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
- Four big bets in a year: The Wealth Company backs Boldfit with ?400 crore First Published: Oct 13 2026 | 9:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Oct 13 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Oct 13 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
View of the closed frozen food aisle at a supermarket near Nantes after a cyberattack targeted refrigeration systems at French supermarket chains, causing food losses and fires at several stores, France | REUTERS (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 13 2026 | 9:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HCL Tech shares gain over 4% after Q2 results; brokerages remain mixed First Published: Oct 13 2026 | 9:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian equities fell sharply on Tuesday led by technology shares as a widening conflict in the West Asia kept oil prices elevated, supporting the dollar ahead of an earnings season that will set the tone for the rest of the year. Energy prices are back driving global markets as investors weigh the geopolitical developments in the West Asia and Russia-Ukraine, with Brent crude futures ?at $105.9 per barrel, near a two-week high. Oil markets have been volatile as investors contend with the supply risks from attacks on Saudi Arabia while considering the prospect of additional diesel supplies from Russia. "Markets are rediscovering that geopolitics matters most when it feeds back into inflation," said Charu Chanana, chief investment strategist at Saxo in Singapore. "The renewed jump in oil is keeping pressure on yields and taking some shine off expensive growth stocks, especially as the Russia-Ukraine energy truce looks fragile and West Asia supply risks remain live." In stocks, MSCI's broadest index of Asia-Pacific shares outside Japan fell 2% in early trading, with tech-heavy South Korea's Kospi sliding 6%. Japan's Nikkei sank 2.6% after returning from a holiday. "A lot of it has to do with the chip selloff we saw on Wall Street overnight. That's bleeding into the ?Asian region," said Kyle Rodda, a senior analyst at Capital.com. Overnight, the tech-heavy Nasdaq fell 0.5%, dragged by chipmakers as investors fret about the durability of the rally in AI stocks amid higher competition between the US and China. "When you add another jump in oil prices and some positioning ahead of inflation data and earnings, you have all the ingredients for a risk-off day in Asia," Rodda said. The cautious sentiment helped keep the US dollar near an 18-month high. The euro last bought $1.1157, while the Japanese yen was at 158.50 per US dollar. Investors' attention will be on the slew of US bank earnings this week to get a gauge on the impact of the recent surge in Treasury yields on dealmaking, lending growth and funding costs ?across the industry. A toxic mix of inflationary pressure from elevated energy prices and worries about ballooning government debt have triggered several bouts of bond selloffs in recent weeks, pushing borrowing costs to multi-decade highs across the globe. Four of the six largest US ?lenders, JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo will report results later in the day. Anthony Saglimbene, chief market strategist at Ameriprise Financial, ?said investors will be looking to bank results for insights on whether households are still paying their bills, borrowing, and spending at healthy levels. "The Q3 earnings season starts with stocks near record highs and little room for disappointment," he ?said. "We believe for stocks to have an opportunity to grind higher from here, corporate America needs to turn in more A's and B's on their latest report cards and show they can maintain that momentum into year-end." The benchmark 10-year yield ?was down 2.9 basis points at 5.214% in Asian hours, staying close to the 24-year high of 5.364% it hit last week. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 13 2026 | 8:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MOFSL sees telecom sector re-rating ahead of Jio IPO; RIL, Airtel in focus First Published: Oct 13 2026 | 8:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 13 2026 | 8:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brent futures settled at $106.65 a barrel on Monday, the highest since September 15 Oil prices edged lower on Tuesday after climbing by nearly $2 a barrel in the previous session, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia. Brent crude futures fell 61 cents, or 0.57%, to $106.04 a barrel by 0000 ?GMT while US West Texas Intermediate crude futures were down 47 cents, or 0.5%, at $93.27 a barrel. Brent futures settled at $106.65 a barrel on Monday, the highest since September 15. US President Donald Trump said Russia had agreed to supply diesel to global markets, and his administration temporarily lifted US sanctions on Russian fuel designed to deprive Moscow of revenue for its war on Ukraine. Additional supplies could help alleviate tightness in global fuel markets, tempering some of the supply concerns that have supported crude prices recently. However, lawmakers from both parties in the US complained Trump's agreement with Putin appears to violate US law barring ?imports of Russian energy until Moscow ends its aggression against Ukraine. "Fresh diesel supply from Russia and steadier Saudi flows are offering some relief, yet the market still looks more worried about the risk of further hits to ships or pipelines in the Gulf than it is reassured by extra barrels," Tim Waterer, KCM Trade chief analyst, said. "Until we see clearer signs of de-escalation, the path of least resistance still leans higher," he said. Concerns over the vulnerability of Gulf energy infrastructure and shipping lanes remained in focus after Iran-aligned Houthis struck Riyadh's international airport over ?the weekend, while tanker attacks were reported near the Strait of Hormuz. The incidents threatened to derail a recovery in Middle East supplies seen in September, and have reinforced fears of ?further disruptions along one of the world's most important energy transit routes. Ministers of OPEC and non-OPEC Participating ?Countries in the Declaration of Cooperation said shipping and insurance costs have surged to unprecedented levels of over one-third of the commodity value, impeding efficient movement of crude oil and ?products. OPEC has revised down its oil demand growth forecast for this year to 400,000 barrels per day from 1.4 million bpd at the start of the year, in line with developments ?throughout the year, Haitham Al Ghais, Secretary General of the organisation said on Monday. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 13 2026 | 8:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Happiest Minds among 3 stocks with bullish trend on tech charts: Geojit First Published: Oct 13 2026 | 7:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: HCLTech, RBL Bank, IRCON, TMPV, Hero Motors, Nazara Tech First Published: Oct 13 2026 | 7:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex may open on a negative note on Tuesday amid negative global cues. First Published: Oct 13 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex rose. Asian markets were trading lower. First Published: Oct 13 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank of India on Monday tightened rules on rupee non-deliverable derivative contracts, limiting overseas clients to using them only for hedging, and widened a 20% cash reserve requirement to banks' own rupee currency ?hedges. The move is the latest in a slew of measures announced by the central bank since Saturday aimed at supporting the rupee, which has been falling due to steep oil prices and capital outflows. Banks with units in India's International Financial Services Centre and some primary dealers, which until now could offer non-deliverable rupee derivatives to non-resident users for any purpose, can now offer them only for hedging, the RBI ?said Monday. Authorised dealers will also be required to maintain a foreign exchange risk reserve for foreign exchange derivative contracts involving the rupee undertaken to hedge the currency risk of their own assets and liabilities. The reserve applies to all rupee currency contracts in which the authorised dealer buys foreign currency against the rupee, and equals 20% of the rupee equivalent of the notional amount of ?each contract. The reserve must be deposited in cash with the RBI daily and kept until the contract ends. Non-deliverable derivative ?contracts are settled in cash, usually in dollars, without any rupees changing ?hands. Reuters reported earlier on Monday that banks have asked the RBI to scrap the 20% cash deposit for FX ?derivatives used to hedge current-account exposures and charge a flat fee instead. The rupee, which had fallen more than 6% this year, jumped 1% ?on Monday after RBI's weekend announcements. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 13 2026 | 7:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kotak Neo's Shrikant Chouhan bullish on BEL, Greenply; check targets First Published: Oct 13 2026 | 7:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 13 2026 | 12:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The announcement heightened concerns over additional securities supply, prompting investors to stay on the sidelines amid rising yields This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 12 2026 | 11:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Banks today are generally more resilient than they were before 2008. But finance has moved on This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 12 2026 | 10:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The RBI's restrictions on forex derivatives and special window for oil marketing companies may ease pressure on the rupee temporarily, but trade and investment reforms remain crucial for long-term currency stability| Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In September Akasa Air was the third largest operator in Navi Mumbai and the largest in Noida by seat capacity, according to Cirium — even ahead of IndiGo This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The supply of new office space increased sharply, with 48.6 msf completed in the first nine months of CY2026, compared with 32.5 msf during the corresponding period last year First Published: Oct 12 2026 | 9:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank's liquidity measures announced last week to drain surplus from the banking system lifted weighted average call money rates by 0.12 per cent on Monday, experts said. The measures, including moves to increase the daily CRR maintenance limit to 99 per cent and bond sales through open market operations, will also help accelerate rate hike transmission, they said. The weighted average call money rate on Monday stood at 5.43 per cent against 5.31 per cent on October 9, according to the Clearing Corporation of India's (CCIL) data. When banks have ample liquidity, they face less pressure to raise deposit rates to attract funds, which can delay an increase in lending rates for borrowers. The excess liquidity also keeps short-term money market rates lower, limiting the immediate impact of a policy rate hike on overall borrowing costs. As a result, the transmission of monetary tightening to bank lending rates and broader economic activity may be slower and weaker. "Rate hikes amid an extreme liquidity surplus can weaken monetary policy transmission. Hence, it was essential for the RBI to absorb surplus liquidity and bring overnight rates closer to, or even above, the repo rate to ensure effective transmission of its policy stance by taking measures like increasing daily CRR maintenance and OMO sales," said Mataprasad Pandey, vice president at Choice Wealth. In a note, economists at the country's largest lender SBI said the Reserve Bank of India's (RBI) will reduce flexibility in daily fund management, and that banks have generally maintained CRR balances above 95 per cent of the requirement. "Overall, it tightens liquidity without raising the CRR, which suits the current phase of rupee support too and the MPC stance," the note added. Last week, the central bank announced several measures on liquidity and foreign exchange, including increasing the minimum daily maintenance of the Cash Reserve Ratio (CRR) and Open Market Operations (OMO) sales of government securities. The RBI announced the increase in the daily maintenance of CRR to 99 per cent from 90 per cent earlier. Further, it announced an OMO sale auction of government securities worth Rs 25,000 crore to be held on October 13. The liquidity measures aimed to drain huge surplus from the banking system, which built up following large inflows of FCNR(B) deposits. Since then, the RBI has been conducting various variable rate reverse repo (VRRR) auctions to absorb liquidity in order to bring overnight money market rates to the repo rate. On October 6, RBI Governor Sanjay Malhotra, during the post-monetary policy press conference, said the huge banking system liquidity is to be absorbed within the current financial year through various means such as currency leakage, the Reserve Bank's liquidity operations, and banks' reserve requirements. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 12 2026 | 5:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 12 2026 | 5:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 12 2026 | 5:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 12 2026 | 4:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 12 2026 | 4:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Steel demand in the Gulf should recover strongly once the uncertainty clears, the Strait of Hormuz reopens, and the supply chains normalise India remains the world's fastest-growing major steel market, with demand projected to expand by 7.9 per cent to 172.4 million tonnes in 2026, the World Steel Association (worldsteel) said on Monday. The country's demand is expected to rise by 8 per cent in 2027 to 186.2 million tonnes (MT), the industry body said in its 'Short Range Outlook October 2026'. worldsteel said it forecasts global steel demand will remain essentially unchanged at 1,722 MT in 2026 before returning to 1.7 per cent growth in 2027 to reach 1,752 MT. However, steel demand in China - the world's largest steel-producing nation - is likely to drop by 2 per cent in 2026. In 2027, contraction in China is also expected to narrow to 1 per cent, the Belgium-based industry body said. India remains the world's fastest-growing major steel market, with demand estimated to expand by 7.9 per cent in 2026 to 172.4 MT and by 8 per cent in 2027 to 186.2 per cent. Growth continues to be broad-based. Infrastructure-led construction remains the primary driver. Private real estate demand is robust. Healthy manufacturing growth, a substantial renewable energy project pipeline and continued expansion of manufacturing capacity are lifting electrical and mechanical machinery, while automotive output is buoyed by domestic demand, export momentum, and policy support. Steel demand in the Gulf should recover strongly once the uncertainty clears, the Strait of Hormuz reopens, and the supply chains normalise. Reflecting this optimistic scenario, worldsteel said the sector is likely to witness an 11.3 per cent rebound in 2027, taking regional demand back to its 2025 level. Steel demand in the US is projected to grow by 2 per cent in 2026. Growth has been underpinned by strong investment in data centres and energy infrastructure, including power generation, renewables, and oil and gas, together with incremental support from selected manufacturing sectors. For Europe, it said, "We now expect EU apparent steel use to decline by 0.3 per cent in 2026 before growing by 3.1 per cent in 2027, a downward revision of 1.5 percentage points for this year. The 2025 outturn was stronger than we had forecast, but a significant part of that strength was stock building ahead of CBAM taking effect in 2026". The construction recovery is proving slower and more fragmented than expected, with residential permits showing signs of bottoming out while completions remain in recession, and automotive continues to drag, worldsteel said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 12 2026 | 3:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Oct 12 2026 | 3:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices, yields among key factors behind Sensex's 800 pts intraday fall First Published: Oct 12 2026 | 3:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 12 2026 | 11:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Suzlon jumps 5% on ?550 cr investment plan; MOFSL says valuation attractive First Published: Oct 12 2026 | 11:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 12 2026 | 10:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mutual funds have reduced their exposure to longer-dated government bonds as rate expectations have changed Indian mutual funds are set to sell more government bonds after offloading $4.5 billion since July, four fund managers said, as the central bank's policy shift raised expectations of a longer, steeper rate-tightening cycle. The Reserve Bank of India raised rates for the first time in nearly four ?years and signalled further increases as inflation rises. Mutual funds have reduced their exposure to longer-dated government bonds as rate expectations have changed, said Mansi Sajeja, a fixed-income fund manager at SBI Mutual Fund. Asset managers sold a net ?5,100 crore ($527.08 million) of government bonds in the three sessions after the rate increase, adding to sales of ?37,800 crore in July-September. "The policy tone sounded more cautionary on inflation generalization than growth outlook, giving it a hawkish tilt," Amit Somani, a deputy head of fixed income at Tata Asset Management said. Somani expects long-term bond yields to rise to a range of 7.20%-7.40%. The five-year bond yield topped 7.05%, rising by ?almost 70 basis points in two months, while the 10-year bond yield was close to 7.35% levels, highest in nearly three years. "Several factors, including global rate hikes, multi-decade high global bond yields, expectations of an earlier-than-anticipated domestic rate-hike cycle, and continued uncertainty in energy markets, prompted mutual funds to reduce duration risk by trimming government bond exposure," said Vikas Garg, head of fixed income at Invesco Mutual Fund. Heavy open market sale of bonds by the RBI and risks of a repeat of such operations have also altered demand-supply dynamics, fund managers said. The RBI sold bonds worth ?1 trillion last month, notching its highest net sale for any financial year in over a decade. While selling long duration government bonds, mutual funds are moving to ultra-short duration assets across ?government and corporate debt. Axis Mutual Fund now prefers one-year to three-year high-quality corporate bonds, where favourable carry, ?ample liquidity and limited issuance of banks' certificates of deposit create an appealing opportunity, the fund house said in a note. It may look to tactically add duration only when rate-hiking cycle ?progresses and yields become more attractive. Aditya Birla Sun Life AMC likes the ultra-short term debt while Bandhan Asset Management has slashed its weighted average bond duration to less than a year, from around ?12 years, the fund houses said in recent interviews with Reuters. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 12 2026 | 10:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Milky Mist stock down 5% despite clarification on FSSAI action against firm First Published: Oct 12 2026 | 10:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Milky Mist stock down 5% despite clarification on FSSAI action against firm First Published: Oct 12 2026 | 10:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As revenue scales across geographies and channels, operating leverage benefits will drive margins, analysts at Jefferies said. First Published: Oct 12 2026 | 10:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FII holdings in India grew 3.6x to USD 783 billion despite 17-year low in ownership share: OmniScience Capital First Published: Oct 12 2026 | 10:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Goldman Sachs' crude oil price forecast First Published: Oct 12 2026 | 10:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Poonawalla Fincorp shares surge 8% as Q2 profit jumps nearly 5-fold First Published: Oct 12 2026 | 10:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Poonawalla Fincorp shares surge 8% as Q2 profit jumps nearly 5-fold First Published: Oct 12 2026 | 10:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 12 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Peak XV Partners and Accel India-backed Zetwerk Manufacturing Businesses is seeking a valuation of ?25,583 crore ($2.64 billion) in its initial public offering in India, a company filing showed on Monday. The $518 million IPO will open for ?public subscription on October 15 and close on October 19, with the contract electronics manufacturer's shares expected to begin trading on October 23. Anchor investors can submit bids on October 14. The technology-driven manufacturing platform counts wind turbine maker Siemens Gamesa, computer hardware company Acer India, the Indian Air Force and NTPC Renewable Energy among its customers. The offering comes during a busy period for India's primary market, with billionaire Mukesh Ambani-backed Jio Platforms also ?expected to launch what could be the country's largest-ever IPO on October 21. More than 230 companies have raised $12.65 billion in India so far this year as of October 7, 8.3% more than in the same period last year, LSEG data showed. Zetwerk's IPO comprises a fresh issue of shares worth up to ?2,830 crore and an offer for sale of 144.53 million shares by promoters and existing investors. The ?price band has been set at ?143 to ?151 per share. Promoters Amrit Pratik Acharya, Srinath Ramakkrushnan and Creovate Innovation are ?together selling 51.4 million shares, while early investors Peak XV Partners, Lightspeed ?Venture Partners and Accel India are among the other selling shareholders. Zetwerk reported revenue from operations of ?4,118 crore. for the ?April-June quarter, while its restated loss from continuing operations stood at ?64.129 crore. Revenue rose more than 55% from a year earlier, while the ?loss narrowed from ?881 crore. First Published: Oct 12 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 12 2026 | 9:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
DMart stock down over 3% after Q2FY27 result draws mixed brokerage views First Published: Oct 12 2026 | 9:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
DMart stock down over 3% after Q2FY27 result draws mixed brokerage views First Published: Oct 12 2026 | 9:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Trump also unexpectedly announced on Sunday that Ukraine and Russia had agreed to an energy ceasefire Oil prices slipped on Monday on expectations of more Russian supplies after US President Donald Trump said Ukraine and Russia had agreed to halt attacks on each other's energy facilities following a US diesel-supply deal with Moscow. Brent crude futures fell $1.54, or 1.47%, to $103.18 a barrel by 0154 GMT while US West Texas Intermediate crude was at $90.31 a barrel, down $1.54, or 1.68%. ICE gasoil futures fell 3% to $1,436 per barrel ?after President Trump said on Friday that Russia will immediately supply more than 300,000 metric tons (2.25 million barrels) of diesel to US and global markets. Russia would supply another 500,000 tons in November and a further 1 million tons "immediately thereafter", Trump added. The daily diesel consumption globally is forecast at close to 29 million barrels, according to the International Energy Agency. Trump also unexpectedly announced on Sunday that Ukraine and Russia had agreed to an energy ceasefire, but Ukrainian leader Volodymyr Zelenskiy said he was still waiting to see details of the energy ceasefire while Russia did not comment. The announcements eased some of the immediate supply pressure, Tim Waterer, KCM Trade chief analyst, said. "Questions remain over the validity and longevity of any such ceasefire, and without clearer evidence that it will actually hold, the extent of the pullback is likely to stay limited," he added. IEA's Executive Director Fatih ?Birol said on Sunday that all members should assess whether additional diesel releases are necessary and that countries which have not yet fully delivered pledged volumes accelerate their remaining releases prioritising diesel. However, the West Asia conflict continued to support Brent crude at above $100 a barrel. The Houthis claimed responsibility for a Saturday strike on Riyadh's international airport that killed 13 people and wounded more than 300, while Saudi authorities reported that people were injured in a new attack on the airport on Sunday. US President Donald Trump said on Saturday the United States was considering joining Saudi strikes on the Houthis in the conflict, a spillover from the wider war with Iran that the US and Israel launched in February. In addition, more attacks on tankers sailing through the Strait ?of Hormuz have been reported so far this month, threatening to dampen a recovery in West Asia crude exports seen in September. A tanker was struck by a drone in the vicinity of Sohar anchorage, Oman, while another was damaged by an unknown projectile while transiting ?the Strait of Hormuz, the United Kingdom Maritime Trade Operations reported over the weekend. Goldman Sachs raised its Brent crude price forecast for December to $90 ?a barrel, up from $85 previously, its analysts led by Daan Struyven said in a note. "We maintain our base case that continued adaptation of Mideast supply will eventually reduce crude oil prices, while potential renewed escalation still poses significant net upside risk," the ?analysts said, estimating a risk premium of just over $20 a barrel. "We forecast WTI prices, which are unusually low vs Brent because of high US-Europe shipping costs, to average $81 in December 2026 and $73 in 2027," they added. In the Gulf of Mexico, energy majors ?Shell, Chevron and BP were seeking to redeploy personnel and restore production at their platforms after Hurricane Isaias made landfall early on Saturday. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 12 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian share markets got off to a cautious start on Monday as earnings season loomed as a challenge to sky-high tech valuations, while oil was choppy after strikes on shipping and airports in the Gulf. There was considerable confusion about President Donald Trump's announcement of an energy ceasefire between Ukraine and Russia, which neither side had confirmed. Trump's proposal for Russia to increase its exports of diesel was also under fire from Republican ?and Democratic senators as potentially illegal. Brent futures started higher but soon slipped 1.1% to $103.50 a barrel, away from the recent top of $109.97, while US crude futures lost 1.2% to $90.73 a barrel. South Korean stocks fell 1.1%, while MSCI's broadest index of Asia-Pacific shares outside Japan was little changed. On Wall Street, S&P 500 futures edged up 0.2%, while Nasdaq futures firmed 0.5%. In Europe, EUROSTOXX 50 futures firmed 0.4%, while DAX futures gained 0.4% and FTSE futures added 0.3%. Trade was thin with Japan markets shut and the US on a partial holiday ahead of the earnings season with major US banks kicking off on Tuesday. S&P 500 earnings are expected to have jumped by more than 30% in the third quarter, according to LSEG IBES, though the bulk of that comes from the tech sector. My Bui, an economist at AMP, noted all the gains in the S&P 500 since mid-September had been in tech, while ?investors were demanding higher yields to fund the massive borrowing for AI. "Overall, wider spreads suggest investors are questioning whether AI revenues can keep pace with rising borrowing costs," added Bui. "Corporate bond issuance to fund AI capex, combined with wider high-yield spreads, will raise refinancing costs as the current wave of debt matures over the next few years." The flood of corporate debt has added to pressure in sovereign markets, driving Treasury yields to 24-year highs last week and lifting the discount applied to company earnings. The market faces fresh challenges this week from US data on consumer and producer prices and retail sales. Rising energy costs ?are expected to lift CPI by a hefty 0.6% to an annual 3.7%, though the core is seen cooler at 0.2% and 2.5%. "Oil prices remain higher than we had assumed as shipping costs have soared, and product prices are even higher," said Bruce Kasman, head of ?global economics at JPMorgan. "The signals on inflation point to a sharp rebound in headline inflation that will squeeze purchasing power and a firming in ?core inflation that will keep central banks focused on near-term hikes." Markets imply only an 18% chance of a rate rise from the Federal Reserve this month, but an 85% chance of a hike in December. Investors are also wagering on hikes in the ?EU, Japan and UK before year end. In currency markets, the euro remained on the defensive at $1.1201 having fallen for five weeks straight amid concerns about government deficits in Europe. The dollar index held near 17-month highs at 102.25, but has stalled on the yen at 158.15 as ?the threat of Japanese intervention deters speculators for now. In commodity markets, non-interest-bearing gold rose 0.3% to $4,206 an ounce, having managed to bounce more than 1% last week. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 12 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 12 2026 | 8:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch today: HCLTech, DMart, M&M, Adani Green, KEC Int'l, ICICI Pru First Published: Oct 12 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch today: HCLTech, DMart, M&M, Adani Green, KEC Int'l, ICICI Pru First Published: Oct 12 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex were trading off highs. First Published: Oct 12 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: the Nifty50 and the Sensex may open slightly higher on Monday. First Published: Oct 12 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
3 bullish stocks to track: Glenmark Pharma, Karur Vysya Bank and Go Digit First Published: Oct 12 2026 | 7:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Angel One: Nifty's technical setup remains weak; Trent among 3 stock ideas First Published: Oct 12 2026 | 7:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to Axis Direct, the revenue could grow 11 per cent to ?35,443 crore and profit by 15.9 per cent to ?4,910 crore. First Published: Oct 12 2026 | 7:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Under the Rs 10,372 crore IndiaAI Mission, 14 companies have successfully bid to onboard GPUs from various original equipment manufacturers, including Nvidia, Intel, AMD, AWS and Google This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On the Multi Commodity Exchange (MCX), crude oil futures for October delivery fell ?35, or 0.4 per cent, last week to settle at ?8,881 per barrel Crude oil futures are likely to remain volatile next week as uncertainty over US-Iran negotiations and escalating tensions in West Asia keep supply risks elevated, even as hopes of a deal to reopen the Strait of Hormuz offer scope for a correction, analysts said. Investors will track the monthly oil market reports from the Organization of the Petroleum Exporting Countries and the International Energy Agency, along with the American Petroleum Institute's weekly inventory numbers and US government data on crude inventories and imports, they added. The geopolitical situation remains fluid after US President Donald Trump said Washington was considering joining Saudi strikes against Iran-backed Houthi rebels in neighbouring Yemen, following an attack on Riyadh's international airport. "The widening conflict has heightened concerns over energy shipments through the region, including the strategic Bab el-Mandeb Strait," said Navneet Damani, Head of Research - Commodities at Motilal Oswal Financial Services Ltd. On the Multi Commodity Exchange (MCX), crude oil futures for October delivery fell ?35, or 0.4 per cent, last week to settle at ?8,881 per barrel. The November contract, however, gained ?82, nearly 1 per cent, to close at ?8,828 per barrel. "Crude oil is caught between diplomatic optimism and persistent physical supply risks. MCX crude holding above ?8,500, against pre-war levels near ?6,500, highlights the significant supply-risk premium still embedded in prices," Damani said. He added that any positive response from Iran to the US proposal could trigger further near-term correction, but past experience shows that diplomatic progress alone rarely ensures a lasting recovery in supplies. Earlier, Trump said discussions between Washington and Tehran were constructive, and the US would not launch a military strike against Iran before the November 3 midterm elections. "Globally, developments around US-Iran diplomacy and crude oil prices will remain critical. Any progress on a framework for reopening the Strait of Hormuz could ease energy prices and provide some relief to India's import bill and the rupee, while renewed geopolitical tensions could keep volatility elevated," Ajit Mishra, SVP Research, Religare Broking, said. Iran, meanwhile, is evaluating the US response to its proposal on reopening the Strait of Hormuz. Damani said the Strait of Hormuz remained severely constrained, with September's recovery in exports largely driven by alternative routes that are costly, stretched and vulnerable to disruption. In global markets, Brent futures for December delivery rose USD 2.47, or 2.41 per cent, to USD 104.72 per barrel, while West Texas Intermediate crude gained 1 per cent to settle at USD 91.85 per barrel in New York. The volatility in oil prices was also driven by the production disruptions in the US Gulf of Mexico due to hurricane-related shutdowns, which supported WTI prices, helping the contract recover from earlier losses on Friday. This support could fade as production resumes, Damani said. On the near-term outlook, he said that global supply expectations continue to be revised lower, with a meaningful recovery in Gulf supplies uncertain before 2027. According to Choice Broking, escalating tensions in West Asia disrupted global logistics; attacks on 11 tankers in the Strait of Hormuz drove freight rates to record highs and caused severe shipping bottlenecks. However, gains in oil prices were capped after the US Treasury issued a temporary licence allowing Russia to release 22.5 million barrels of diesel into global markets, while diplomatic de-escalation talks involving Western allies and Ukraine in Miami offered some relief, the brokerage firm said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 11 2026 | 3:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Major quarterly earnings from companies like Wipro and HCL Tech, along with inflation figures, global trends, and crude oil price movements, will drive stock market movement this week, analysts said. Market investors will also watch foreign investor trading activity, rupee movement, US Treasury yields, and geopolitical developments. "September CPI inflation will be the first major domestic test this week. A stronger-than-expected reading could revive concerns over further RBI tightening, putting rate-sensitive sectors such as banking, automobiles and real estate under pressure while raising the risk of a broader drag on consumer demand. "A softer print could ease concerns over the eventual peak in interest rates, but any relief may prove short-lived if Brent crude remains above USD 100 a barrel. Wholesale price inflation data will offer a further indication of how elevated energy and logistics costs are filtering through to producer prices," Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a research analyst firm, said. US inflation and retail sales data will influence Treasury yields and the dollar, he said. "The IT sector will remain in focus as HCL Technologies, Wipro and Tech Mahindra report their September quarter results. The sector staged a sharp rebound on Friday following TCS's better-than-expected earnings, but whether the recovery gains traction will depend on the performance of its peers and their outlook for the coming quarters," Radhakrishnan added. IT stocks emerged as major catalysts behind the market's sharp recovery on Friday, following an over 4 per cent rally in TCS after it reported better-than-expected September quarter results. Indian IT companies largely brushed aside the news regarding the US suspending eight IT firms, including TCS, Infosys, Wipro, Cognizant and Microsoft, from a programme that allowed applications for green cards for foreign workers, contending that the practice has shut out Americans from the job market. TCS on Friday said it does not expect the US action on the green card programme to affect its workforce strategy or customer engagements, as India's largest IT services company cited its single-digit applications under the programme over the past two years and its focus on local hiring. Forthcoming results this week are from BHEL, Canara Bank, HDB Financial Services, HDFC Asset Management Company and Nestle. "Indian equities are expected to consolidate this week as markets balance improving domestic earnings momentum against elevated global risks. Brent crude remains above USD 100 per barrel and sustained FII selling continues to weigh on sentiment. After eight consecutive weeks of declines, the Nifty-50 gained 0.4 per cent last week, suggesting some stabilisation at lower levels, although the broader market is likely to remain selective," Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, said. Domestically, September CPI and WPI inflation data will be closely tracked for signs of further price pressures, while the 2QFY27 earnings season gathers pace, he said. "Key global data points include US CPI and jobs data, EU CPI and UK GDP," Khemka added. Last week, the BSE benchmark Sensex jumped 562.63 points, or 0.78 per cent, and the NSE Nifty was up 98.5 points, or 0.43 per cent. "Corporate earnings will increasingly influence sector-level performance as the September quarter results season gathers pace. TCS's results helped trigger a rebound across IT stocks, supporting the broader indices on Friday. Crude oil remains the biggest macroeconomic risk. Uncertainty over Iran, the Strait of Hormuz and regional energy infrastructure continues to leave global supply vulnerable to disruption," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 11 2026 | 3:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NTPC said the initiative reflects the company’s commitment to expanding its energy solutions portfolio and strengthening partnerships with industries First Published: Oct 11 2026 | 3:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The lag is not limited to Wall Street, where the S&P 500 rose 15.8 per cent in the past year and London’s FTSE 100 10.9 per cent First Published: Oct 11 2026 | 3:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 11 2026 | 2:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This expansion will mainly be within the five cities where the company's brands are present, besides in places where there are Phoenix Malls Bellona Hospitality, the food and beverage arm of Phoenix Mills Ltd, is targeting Rs 600-650 crore revenue by 2029-30, driven by its portfolio expansion to 100 restaurants across its brands, a top company executive said. Bellona Hospitality, which operates 32 restaurants across five cities under five brands, reported around ?150 crore revenue in FY26, its Managing Director Prashant Issar told PTI. The company operates a portfolio of six brands - Ishaara, Dobaara, Cha Hongkong Eating House, Eight, Allora Milano and Legume - across Mumbai, Pune, Bengaluru, Ahmedabad and Lucknow. For this expansion, Issar said the company has set a capex of ?100 crore, which will be raised through internal accruals. This expansion will mainly be within the five cities where the company's brands are present, besides in places where there are Phoenix Malls. "There is significant scope for expansion in the five cities where we are currently present. We plan to add another 20-30 outlets across these cities, where our existing infrastructure will make expansion easier and more seamless. We will then look at other major markets, including Hyderabad and Delhi-NCR. We will also expand our presence in upcoming Phoenix malls in cities such as Kolkata and Indore," he said. However, the company will consider expansion if the right opportunity and site arise, he added. "So, basically, we will explore high footfall destinations like tourist hubs or commercial hubs going forward," he added. Issar said the bulk of this expansion phase will involve our brands Cha, Ishara and Eight. On overseas plans, he said the company is currently focusing on India as there are enough opportunities. "A few years back, the Middle East seemed attractive; however, now it is not doing very well owing to the current circumstances. So, now our focus will only be on India," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 11 2026 | 1:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 11 2026 | 12:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The latest outflows follow a net withdrawal of ?35,861 crore in September Foreign investors have withdrawn ?44,166 crore from Indian equities so far in October, bringing the total outflows this year to more than ?3 lakh crore as elevated crude oil prices, a firmer US dollar and higher US bond yields weigh on investor sentiment. Also, the artificial intelligence-led rally in North Asian markets attracts higher foreign capital. The latest outflows follow a net withdrawal of ?35,861 crore in September. Before this, foreign portfolio investors (FPIs) had invested ?20,200 crore in Indian equities in July and ? 29,631 crore in August, data from the NSDL showed. With the latest selling, FPI withdrawals from Indian equities in 2026 have reached ?3.04 lakh crore, significantly higher than the ?1.66 lakh crore recorded during the entire 2025, the data noted. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the selling should be viewed more as a global repositioning of capital than a verdict on India's investment prospects. "Crude prices staying elevated on Gulf supply risk, a firmer dollar and US yields pulling money back to safer ground, and FPIs chasing the AI rally in North Asian markets where valuations currently look cheaper," he said. He said these factors did not indicate India-specific weakness, but reflected capital moving towards markets where the global macroeconomic narrative was currently stronger. "We remain constructive on the medium-term outlook because domestic flows have absorbed this selling without the market cracking, which tells you the floor is sturdier than the headline outflow number suggests," Gupte said. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd, said massive FPI selling was the primary reason for the Indian market's underperformance this year, with the Nifty delivering negative returns of 13.87 per cent year-to-date in 2026. From the perspective of foreign investors, withdrawing money from India was rational, given that the risk-free return on 10-year US government bonds was above 5.2 per cent, he said. "So, as long as the US bond yields remain elevated, FPIs will continue to sell. The scenario will change when the valuations become attractive, and the risk-reward ratio turns favourable for investment," Vijayakumar said. He added that the market had been trending downwards over the past two months, with elevated crude oil prices and high US bond yields emerging as two major headwinds. Meanwhile, foreign investors also extended their selling to the debt market in September. They withdrew ?1,921 crore through the Fully Accessible Route (FAR) and ?233 crore through the Voluntary Retention Route (VRR), while investing ?4,729 crore through the general route. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 11 2026 | 12:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The latest outflows follow a net withdrawal of ?35,861 crore in September Foreign investors have withdrawn ?44,166 crore from Indian equities so far in October, bringing the total outflows this year to more than ?3 lakh crore as elevated crude oil prices, a firmer US dollar and higher US bond yields weigh on investor sentiment. Also, the artificial intelligence-led rally in North Asian markets attracts higher foreign capital. The latest outflows follow a net withdrawal of ?35,861 crore in September. Before this, foreign portfolio investors (FPIs) had invested ?20,200 crore in Indian equities in July and ? 29,631 crore in August, data from the NSDL showed. With the latest selling, FPI withdrawals from Indian equities in 2026 have reached ?3.04 lakh crore, significantly higher than the ?1.66 lakh crore recorded during the entire 2025, the data noted. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the selling should be viewed more as a global repositioning of capital than a verdict on India's investment prospects. "Crude prices staying elevated on Gulf supply risk, a firmer dollar and US yields pulling money back to safer ground, and FPIs chasing the AI rally in North Asian markets where valuations currently look cheaper," he said. He said these factors did not indicate India-specific weakness, but reflected capital moving towards markets where the global macroeconomic narrative was currently stronger. "We remain constructive on the medium-term outlook because domestic flows have absorbed this selling without the market cracking, which tells you the floor is sturdier than the headline outflow number suggests," Gupte said. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd, said massive FPI selling was the primary reason for the Indian market's underperformance this year, with the Nifty delivering negative returns of 13.87 per cent year-to-date in 2026. From the perspective of foreign investors, withdrawing money from India was rational, given that the risk-free return on 10-year US government bonds was above 5.2 per cent, he said. "So, as long as the US bond yields remain elevated, FPIs will continue to sell. The scenario will change when the valuations become attractive, and the risk-reward ratio turns favourable for investment," Vijayakumar said. He added that the market had been trending downwards over the past two months, with elevated crude oil prices and high US bond yields emerging as two major headwinds. Meanwhile, foreign investors also extended their selling to the debt market in September. They withdrew ?1,921 crore through the Fully Accessible Route (FAR) and ?233 crore through the Voluntary Retention Route (VRR), while investing ?4,729 crore through the general route. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 11 2026 | 12:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NTPC Limited, India's largest integrated power utility, has invited Expressions of Interest (EOI) from Commercial and Industrial (C&I) entities interested in taking 26 per cent equity in co-generation projects. The initiative aims to explore opportunities to develop co-generation facilities to meet industrial requirements for steam and electricity, along with integrated power supply solutions based on coal, renewable energy and Battery Energy Storage Systems (BESS), the power PSU said in a statement. With industries increasingly focusing on energy security, cost optimisation and sustainability, co-generation offers an opportunity to enhance overall energy efficiency by producing steam and electricity through an integrated system. The proposed initiative seeks to address the diverse requirements of industries with reliable, economical and sustainable energy solutions through long-term power supply arrangements. It reflects NTPC's commitment to expanding its energy solutions portfolio and strengthening partnerships with industries. By leveraging its expertise in power generation and exploring innovative energy supply models, NTPC aims to support industrial growth while contributing to energy efficiency, sustainability and energy transition objectives. NTPC Limited is India's largest integrated power utility with an installed capacity of over 91 GW, with another 35+ GW under construction. The company has set a target to reach 149 GW of total capacity by 2032, including 60 GW from renewable energy sources. This includes a balanced mix of thermal, hydro, solar, and wind power plants, ensuring the supply of reliable, affordable, and sustainable electricity to the country. Along with power generation, NTPC has ventured into various new business areas, including e-mobility, storage, waste-to-energy, nuclear power, and green hydrogen solutions. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 11 2026 | 12:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The pipeline comes after companies raised over ?1.1 trillion through 96 IPOs so far in 2026, including 35 issues launched in September alone A dozen companies, including Jio Platforms, Zetwerk Manufacturing Business, and Avaada Electro, are set to tap the primary market in October to raise funds through initial public offerings (IPOs), extending 2026's strong fundraising momentum. Other companies expected to launch their maiden public offerings this month include Fusion CX, HD Fire Protect, Tonbo Imaging, Bonfiglioli Transmissions, Sahajanand Medical Technologies, Paras Healthcare, NDR InvIT Trust, Gujarat Victory Forgings and SFC Environmental Technologies, according to merchant bankers. The proposed offerings span sectors such as technology, healthcare, renewable energy, defence and precision manufacturing, reflecting continued interest in businesses with long-term growth prospects. The companies plan to raise funds through a combination of fresh equity issues and offers for sale (OFS), with proceeds from fresh issues intended to finance business expansion, capital expenditure, debt repayment, working capital requirements and general corporate purposes. The pipeline comes after companies raised over ?1.1 trillion through 96 IPOs so far in 2026, including 35 issues launched in September alone. "India's primary market momentum continues into the second half with a robust pipeline. While secondary-market volatility and geopolitical developments may induce selective launch windows, the underlying appetite for quality paper remains structural," Neha Agarwal, Managing Director and Head of Equity Capital Markets at JM Financial Ltd, said. She said institutional demand for primary issuances remained supported by deep domestic liquidity pools and selective foreign capital, even as foreign institutional investor flows in the secondary market fluctuated. JM Financial secured the top spot in terms of IPO deal volume managed in the first half of FY27, with 22 issues, according to the Prime Database league table for H1FY27. Among the upcoming offerings, Jio Platforms, the telecom and digital services arm of Reliance Industries Ltd, is scheduled to open its IPO for subscription on October 21 and close it on October 23, sources said. The offering is expected to be India's largest IPO to date. HD Fire Protect, a manufacturer of fire protection equipment and systems, has fixed a price band of ?258-271 per share for its ?712-crore IPO. The issue, entirely an OFS by promoters, is scheduled to open on October 13 and close on October 15. Fusion CX, an AI-powered customer experience solutions provider, has fixed a price band of ?275-289 per share for its ?702-crore IPO. The issue will open on October 14 and close on October 16. Zetwerk, a technology-enabled manufacturing platform, is planning to raise around ?5,000 crore through its IPO. The proposed issue comprises a fresh issue of ?2,600 crore and an OFS of up to 9.68 crore equity shares. The issue is scheduled to open on October 15 and close on October 19. Tonbo Imaging, which manufactures thermal imaging and related defence technology systems, has proposed an OFS of up to 1.22 crore equity shares. Its IPO is scheduled to open on October 15 and close on October 19, according to its Red Herring Prospectus (RHP). Bonfiglioli Transmissions, the Indian subsidiary of Italy-based Bonfiglioli Group, has proposed an OFS of up to 4.32 crore equity shares. Its issue will also be open from October 15 to October 19, RHP showed. Sahajanand Medical Technologies' IPO, an OFS of 1.38 crore shares, is scheduled to open on October 15 and close on October 19, it added. Zetwerk, Tonbo Imaging, Bonfiglioli Transmissions and Sahajanand Medical Technologies are expected to announce their IPO price bands and other details on Monday. Avaada Electro plans to raise ?7,600 crore through an IPO, while Paras Healthcare Ltd is looking to raise ?1,800 crore and NDR InvIT Trust ?750 crore. Gujarat Victory Forgings has proposed an IPO of up to 1.97 crore shares. All four IPOs comprise a combination of a fresh issue and an OFS. Further, SFC Environmental Technologies, a wastewater treatment solutions provider, has proposed an IPO comprising a fresh issue of shares worth ?150 crore and an OFS of 1.23 crore equity shares. Agarwal said the market had the depth to absorb multiple large offerings simultaneously, provided issuers maintained pricing discipline. "Investor behaviour is shifting from momentum-driven to quality-and valuation-driven," she said, adding that companies with earnings visibility, sound corporate governance and capital efficiency were likely to attract stronger investor interest. On OFS-heavy transactions, she said institutional investors were not necessarily opposed to promoter or early-investor dilution, as such offerings could enable private equity and growth capital providers to realise gains after scaling businesses. However, investor response would depend on companies' operating track records, long-term industry prospects and whether offer valuations left adequate upside for public-market investors. Looking ahead, Agarwal expects renewable energy and the energy transition, precision manufacturing, defence and technology platforms to drive IPO supply and institutional interest. With the pipeline expanding, she said issuers adopting pragmatic valuations benchmarked against comparable companies would be better positioned to attract strong subscription and deliver sustainable post-listing performance. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 11 2026 | 12:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 11 2026 | 10:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 11 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to the agriculture minister, the state has stocks of 372,000 tonnes of urea, 106,000 tonnes of DAP, 97,000 tonnes of NPK and 208,000 tonnes of SSP First Published: Oct 11 2026 | 10:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 11 2026 | 9:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 10 2026 | 3:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The acceptance period runs from September 7 to October 26, 2026, with Iveco Group shareholders scheduled to vote on related resolutions at an extraordinary general meeting on October 16 Tata Motors Ltd said it has increased the takeover offer price for Italian truck maker Iveco Group NV by 0.30 euro per share to 14.40 euro per share, citing delay in authorisation process. In 2025, Tata Motors announced plans to acquire Iveco, excluding its defence business, for 3.8 billion euro (nearly Rs 38,240 crore) through TML CV Holdings Pte Ltd. The commercial vehicle major earlier offered 14.10 euro per share, valuing the transaction at 3.82 billion euro. Tata Motors started an all-cash voluntary tender offer for all outstanding common shares of Iveco in September. The acceptance period runs from September 7 to October 26, 2026, with Iveco Group shareholders scheduled to vote on related resolutions at an extraordinary general meeting on October 16. Iveco Group's board of directors unanimously supported the deal and has recommended that shareholders tender their shares and vote in favour of the earlier offer. While noting that the previous offer price already represented full and fair valuation of Iveco, Tata Motors on Friday said it is increasing the price because approvals are getting delayed. "Nevertheless, the Offeror [Tata Motors] has resolved to increase the price in consideration of the slight delay in the completion of the offer, due to prior authorisations process taking longer than initially," Tata Motors said in an exchange filing on Friday night. The company said the revised offer price represents a 33.47 per cent premium over Iveco's share price on July 17, 2025, the last trading day before reports of a potential acquisition by Tata Motors emerged. It also represents a 6.77 per cent premium over Iveco's share price on July 29, 2025, the last trading day before the acquisition announcement. Tata Motors also noted that this revised offer will not be increased further. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 10 2026 | 12:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 10 2026 | 10:53 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 10 2026 | 9:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Diesel prices have surged around the world as Ukraine attacked Russian refineries, forcing Moscow to ban diesel exports The US on Friday lifted sanctions on the sale of Russian diesel till April 7 next year. The announcement by the US Department of Treasury came minutes after US President Donald Trump spoke with Russian President Vladimir Putin and struck a deal to supply diesel to the American and global markets. "...all transactions prohibited by the Russian Harmful Foreign Activities Sanctions Regulations that are related to the sale, delivery, offloading, or importation, including importation into the United States, of diesel fuel of Russian Federation origin are authorised through 12:01 am eastern daylight time, April 7, 2027," the Treasury Department said. Earlier, Trump said Russia will immediately supply more than 300,000 tons of diesel, followed by 500,000 tons in November, and one million tons immediately thereafter. Russia will then deliver another 3 million tons of diesel based on the condition of Russia's refineries, Trump said in a post on Truth Social. Diesel prices have surged around the world as Ukraine attacked Russian refineries, forcing Moscow to ban diesel exports. The attacks by Houthi militia on refineries in Saudi Arabia had further tightened fuel supplies. Trump is facing political pressure to take action to reduce fuel prices ahead of the November midterm elections. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 10 2026 | 8:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Elon Musk Elon Musk shared reports of Reliance-backed firms' donations to the BJP, stepping up his campaign against the corporate giant he had accused of blocking the entry of Starlink into India. Musk on Friday evening posted screenshots of news reports on Reliance-backed firms' donations to the BJP, hours after he sarcastically addressed industrialist Mukesh Ambani as "Prime Minister Ambani" and accused him of seeking to protect a "monopoly". Musk had also asked if Ambani would consider allowing the satellite internet service to compete in the country. Earlier, Communications Minister Jyotiraditya Scindia asserted that India does not permit monopolies in any sector, and that despite the buzz around one particular company, three players have received satcom licences and can start operations after individually meeting the security requirements and milestones. First Published: Oct 10 2026 | 7:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A collective and robust call for democratising the world political economy and for building a just, fair and equitable world order emerged at the New Delhi summit First Published: Oct 10 2026 | 5:30 AM IST In this article : This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Business Standard Defence Index is designed to track the performance of 25 key defence stocks First Published: Oct 10 2026 | 5:05 AM IST In this article : This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 10 2026 | 12:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 10 2026 | 12:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
African digital financial services platform, Airtel Money, made its London Stock Exchange (LSE) debut on Friday, marking the exchange's largest initial public offering (IPO) in several years.. Sunil Mittal, Founder of Airtel and Founder and Chairman of Bharti Enterprises, said the listing builds on Bharti's significant record of long-term interests in the UK. "I am delighted to welcome the successful listing of Airtel Money on the London Stock Exchange. This listing is a vote of confidence in the UK as an attractive global destination for investment, with a stable business and policy environment attractive for long-term investors," he said. The listing also builds on Bharti's significant record of long-term interests in the UK, including the strategic stake in BT announced in 2024, shareholding in Eutelsat (previously OneWeb) alongside the UK Government, and hospitality assets including the Scottish resort Gleneagles. "In 2019, we listed Airtel Africa in London to leverage the UK's established investor base of patient, strategic capital, and willingness to invest in dynamic emerging market companies. The same conditions made London the obvious choice for this new listing in 2026," Mittal said. The over-subscription of the Airtel Money offering shows the appetite of the UK market for high-quality investable assets, he added. Airtel Money has begun conditional trading on the London Stock Exchange The offer price is 1.96 a share, in early conditional trading, the shares touched about 2.00, then eased to about 1.94, slightly below the issue price. The implied market capitalisation is about USD 7 billion ( 5.3 billion), though this is below the USD 8-9 billion valuation previously estimated. Dealing so far is conditional and limited to investors who were allocated shares - Unconditional trading is scheduled to begin on October 14, 2026. Bharti Airtel owns a 79.2 per cent stake in Airtel Africa, while Airtel Africa owns 77.85 per cent of Airtel Money. Effectively, Bharti Airtel has an indirect economic interest of about 61.6 per cent in Airtel Money. First Published: Oct 09 2026 | 11:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 09 2026 | 10:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 09 2026 | 5:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Smart wearables and AI-powered devices on display at India Mobile Congress (IMC) 2026 in New Delhi, showcasing emerging applications in connectivity, accessibility and digital technology. First Published: Oct 09 2026 | 5:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 09 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 09 2026 | 4:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Health Insurance First Published: Oct 09 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Colgate Palmolive shares surge 7.6% as GST relief boosts FMCG optimism First Published: Oct 09 2026 | 3:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The agreement lists Ronit Roy as the licensor and Kerawi Care (OPC) Private Limited, through its director Vandana Verma, as the licensee First Published: Oct 09 2026 | 3:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The agreement lists Ronit Roy as the licensor and Kerawi Care (OPC) Private Limited, through its director Vandana Verma, as the licensee First Published: Oct 09 2026 | 3:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The agreement lists Ronit Roy as the licensor and Kerawi Care (OPC) Private Limited, through its director Vandana Verma, as the licensee First Published: Oct 09 2026 | 3:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coal Ministry on Friday said the daily supplies of coal to the power sector have increased by around 36 per cent from the September low. The rate of stock depletion has also moderated significantly, while rake position has strengthened, the ministry said. "Stock depletion has slowed sharply, with the daily drawdown falling by more than half from 0.243 MT per day in September to 0.116 MT per day in October. The position is therefore stabilising, although stock rebuilding is yet to commence," the ministry said in a statement. Rail loading has strengthened correspondingly, averaging over 465 rakes per day in October, with the 470-rake target achieved on three consecutive days, the Ministry said in a statement. Supplies through other modes, including road, have also improved. The ministry further said that "some recent media reports flag growing risk of Power shortages in India as coal inventories at power plants fall to low levels" and, in this context, it clarifies that the "critical stock" tag is a norm-based trigger (plants holding less than the prescribed threshold of normative stock) and is designed to flag plants early, well before actual fuel shortage or generation loss occurs. A plant appearing on this list is, by design, an early-warning entry and not an indication that it has run out of coal or is at imminent risk of shutting down. Coal stock position needs to be viewed alongside the improvement since the September trough in supplies, the statement added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 09 2026 | 2:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ITC share price jumped 5% in Friday's trade. First Published: Oct 09 2026 | 2:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 09 2026 | 1:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gauahar Khan sells Mumbai duplex for ?6.01 crore after 12 years First Published: Oct 09 2026 | 1:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gauahar Khan sells Mumbai duplex for ?6.01 crore after 12 years First Published: Oct 09 2026 | 1:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gauahar Khan sells Mumbai duplex for ?6.01 crore after 12 years First Published: Oct 09 2026 | 1:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rajpal, founder and CEO of Qubo, says India's smart-home market needs localised solutions rather than Western hub-led models First Published: Oct 09 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IMC 2026: India’s CPaaS market prepares for an AI-led communications shift First Published: Oct 09 2026 | 1:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Defence, PSU stocks' rally leave little room for error: Master Portfolio MD First Published: Oct 09 2026 | 1:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 09 2026 | 1:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 09 2026 | 1:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 09 2026 | 1:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NCC shares rise 5% on securing ?1,286 crore road project order in Telangana First Published: Oct 09 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 09 2026 | 12:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold may draw support from decline in Oct Fed rate hike bet: Mirae Asset First Published: Oct 09 2026 | 12:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Silver may trade at $58-$61 as dollar, yields weigh, says Mirae Asset First Published: Oct 09 2026 | 12:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 09 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 09 2026 | 12:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 09 2026 | 11:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 09 2026 | 11:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market share gains make Jefferies bullish on Kalyan; stock up 46% in 3 mths First Published: Oct 09 2026 | 11:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market share gains make Jefferies bullish on Kalyan; stock up 46% in 3 mths First Published: Oct 09 2026 | 11:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The absence of artificial intelligence focus in Indian equities, which is among factors blamed for the selloff by foreign investors, will turn into a "strength" in a year, and the same set of people will come back to bet on our other fundamentals, a top policymaker said on Thursday. The rupee, which has seen some sessions of a depreciation and is hurtling towards its lifetime lows, is likely to continue being under pressure, Chief Economic Advisor V Anantha Nageswaran said while speaking at SBI-Amundi India Investor Seminar here. "If the AI boom stumbles, India is well placed to gain... one year from now, we might find that the absence of an AI trade, will turn up to have been India's strength," Nageswaran said. Acknowledging that the absence of AI opportunities is considered a drawback of global investors when it comes to the country, the academic-turned-policymaker said India is set to have a "second mover advantage" on this front. Terming AI as a "borrowing story", Nageswaran said a shake-off will make capital look for growth opportunities that do not depend on AI and exuded confidence that with its strong economic growth, India will be the alternative they will come to. "I would submit that it is a matter of time before this happens," he said, adding that he is certain about this eventuality playing out. Asserting that India is a story of the glass being more than half full, Nageswaran said four specific factors have impacted capital flows in India and also led to currency depreciation, and added that it possesses a lot of strengths. All these four headwinds are exogeneous, and include the challenging relationship with the US, the absence of an AI trade, the West Asia conflict which has led to hardening of oil prices impacting an oil importing country like ours and the rate tightening by global central banks. Factors which are working in favour of India include the strong growth, wherein the country has been able to post over 7 per cent growth even in the face of repeated shocks in recent years, a small current account deficit which is manageable, well capitalised banking system, low corporate leverage and the movement of domestic savings into capital markets, he said. "Clearly, the fundamentals are very, very different and healthier right now than what the exchange rate alone might tell you," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 09 2026 | 11:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The US curbs target Microsoft, Cognizant, Infosys, Tata Consultancy Services, Wipro, HCL Technologies and Capgemini Indian IT firms are unlikely to face any near-term fallout from the US suspension of a key green-card programme, as major technology companies have reduced their dependence on this route for employment, analysts said on Friday. Washington's move, targeting the Permanent Labor Certification programme, is ?part of a broad effort to reduce the number of foreign-born people in the US and curtail their pathway to residence and citizenship. "The development is negative for Indian IT stocks in the near to medium term, primarily through sentiment and longer-term talent retention concerns rather than an immediate revenue impact," ICICI Securities said in a note. Indian IT firms accounted for less than 2% of the PERM applications filed between October 2024 and September 2025, the brokerage said, adding that prolonged uncertainty around residency could increase attrition among US-based workers. Nasscom, India's IT body, said late on Thursday that firms had significantly ?reduced their dependence on H-1B visas in recent years while expanding local hiring in the US. Relatively few workers move from H-1B visas to permanent residency through PERM, Nasscom said. The US curbs target Microsoft, Cognizant, Infosys, Tata Consultancy Services, Wipro, HCL Technologies and Capgemini. TCS, India's largest IT services exporter, said it did not expect the suspension to affect its workforce strategy or client engagements, citing single-digit PERM applications over the past two years. India's IT index rose about 3.5%, led by TCS, which gained after upbeat second-quarter results. The US move comes against the backdrop ?of AI-led disruption to India's $315 billion IT industry, months after the Donald Trump administration increased fees for the H-1B visa program, which US employers use to hire skilled foreign workers. IT stocks ?are the worst performers in India this year, slumping 25%, compared with a 14% drop in the ?benchmark. The firms rely on the US market for a bulk of their revenue. "Indian IT stocks are already operating under pressure, and this additional regulatory development adds another layer ?of uncertainty for the sector," said Sumit Singhania, head of research at Bajaj Broking. Companies could face higher hiring and compliance costs as they increasingly rely on US talent and subcontracting, ?potentially weighing on margins, Singhania said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 09 2026 | 11:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Thermax share price rallied 7% in Friday's trading session. First Published: Oct 09 2026 | 11:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Info Edge shares jump over 4% on Q2 biz update; billings rise 12.8% YoY First Published: Oct 09 2026 | 11:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
UEFA European soccer body UEFA has detailed the kind of FIFA president it wants to replace Gianni Infantino - "a respected and unifying figure, deeply rooted in football." A candidate that "represents FIFA globally and provides leadership without exercising management functions," UEFA said on Thursday after a meeting of its 55 member federations that shaped a strategy to find an opponent for Infantino before a Nov. 18 deadline. Exactly who that candidate could be was not discussed on Thursday, though it will not be UEFA president Aleksander Ceferin and potentially also not be European in the search for global votes among 211 FIFA member federations. Ceferin did use the meeting to confirm he will stand for re-election for a fourth and final term. The decision was expected despite Ceferin saying in 2024 he would not be a candidate at the next election, which is scheduled for April 22 in Astana, Kazakhstan. Slovenian lawyer Ceferin has led global efforts by soccer officials since July to oust Infantino from his increasingly executive-style presidency before or at the FIFA election next March 18 in Rabat, Morocco. Infantino's secretive and quickly defeated plan to sell stakes in the World Cup and other tournaments to private investors pushed UEFA's long-held unease with FIFA projects and governance toward running a rival against him. "FIFA also needs new leadership: a respected and unifying figure, deeply rooted in football, with the vision and experience to lead, the ability to command confidence across regions and an unequivocal commitment to development, reform, integrity and independence," UEFA said in a statement after the day-long meeting in Berlin. UEFA repeated an earlier promise that all of FIFA's members should get a one-off $10 million dividend from the governing body's reserves. FIFA's cash reserves stand at close to $6 billion after a lucrative men's World Cup held in the United States, Canada and Mexico. Ceferin and global soccer leaders will meet Infantino next week in Zurich for the first meeting of the 37-member FIFA Council since the World Cup private equity plan was revealed. UEFA flags concern about executive interference' at FIFA Addressing doubts about the integrity of some World Cup decisions by FIFA, the UEFA slate of future changes urged that "appointments and work of FIFA's oversight bodies are protected from presidential or executive interference." FIFA's handling of World Cup red card or player eligibility cases for Cristiano Ronaldo, United States forward Folarin Balogun and Congo goalkeeper Lionel Mpasi has provoked global concern. Questions about Infantino intervening in field-of-play issues date to FIFA inserting Lionel Messi's team Inter Miami into the 2025 Club World Cup when it was not the Major League Soccer champion, and after no clear consultation or process to make the decision. UEFA said its reforms slate for FIFA was backed by all of its members except Azerbaijan, which has pledged its vote to Infantino. One of Infantino's key aides in his globetrotting election campaign is from Azerbaijan. In a pointed suggestion, UEFA's list of possible reforms included: "No FIFA resources may be used for personal or electoral interests." "I'm not convinced personally that a credible reform process can be achieved under the current FIFA leadership," FIFA Council member Bernd Neuendorf, the German soccer president, told reporters. Infantino reminds African voters of their FIFA money While UEFA was deciding its strategy against Infantino, its former long-time employee was in Cape Verde getting a standing ovation at a meeting of the 54 FIFA member federations from Africa. The applause was urged by FIFA vice president Patrice Motsepe to members of the Confederation of African Football he leads. Infantino had minutes earlier reminded his voters of investments FIFA made for African soccer since he was elected in February 2016. "With the FIFA Forward program we have invested, in 10 years, 1 billion U.S. dollars in Africa, 500 million in the last four years. One hundred and 24 different projects and many other actions," Infantino said. "We need to continue, of course together, on this path." Vega tries again to be a FIFA presidential candidateOne person who said this week he does want to run against Infantino is former Switzerland and Tottenham defender Ramon Vega. It would be Vega's second attempt to challenge Infantino after he failed to get the required five voting federations to support an application in 2019. It is unclear if Vega meets the eligibility test of having had a recognized role in soccer for at least two of the past five years. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 09 2026 | 10:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 09 2026 | 10:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Chamber of Trade and Industry (CTI) has demanded a ban on large-scale protests in Delhi's key commercial and central areas from Navratri till Diwali, citing their impact on businesses. The outfit also urged the government to designate a permanent protest zone outside the city. In a letter to Prime Minister Narendra Modi, CTI chairman Brijesh Goyal called for restrictions on large gatherings at Jantar Mantar, Parliament Street and Lutyens' Delhi, saying repeated demonstrations and disruptions to metro services were affecting traders and customer movement. Goyal said the festive period, beginning with Navratri and Ramlila events on October 11, is crucial for traders, with Diwali and the wedding season following. The organisation said restrictions are needed to protect the business of around 150,000 traders in the national capital. According to a CTI survey, business activity in Delhi's markets has fallen by around 70 per cent over the past three days. The number of customers visiting the city from outside Delhi for shopping has declined from an estimated two to three lakh daily to around 40,000-50,000, and the local footfall dropped by more than 50 per cent, the collective claimed. Repeated metro station closures, traffic congestion and disruptions around Jantar Mantar, Parliament Street and Connaught Place were discouraging people from visiting markets, it said. "We fully respect the right to peaceful protest in a democracy. However, when thousands gather for demonstrations in central Delhi just before the festive season, it directly affects traders," Goyal said. CTI general secretary Gurmeet Arora said the government should issue fresh guidelines for demonstrations involving more than 1,000 people at Jantar Mantar and other prominent locations. The organisation also proposed setting up a permanent protest zone outside central Delhi, suggesting Burari or the Ramlila Maidan as possible locations. The demands come ahead of the Cockroach Janata Party's call for a protest in Delhi on October 10 for the resignation of Chief Election Commissioner Gyanesh Kumar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 09 2026 | 10:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On Thursday, the rupee depreciated by 13 paise to close at 96.88 against the US dollar. The rupee appreciated 23 paise to 96.65 against US dollar in early trade on Friday, supported by a slight softening in the US dollar and suspected intervention by the Reserve Bank of India. Forex traders said the rupee opened on a positive note this morning with the dollar index down to 102 levels and Brent also down to USD 103.39 per barrel after US President Donald Trump said that the attack on Iran will happen only after the midterm elections. However, broader geopolitical pressures on the domestic currency persist and relentless foreign fund outflows is pressurising the domestic unit further, they said. At the interbank foreign exchange market, the rupee opened at 96.74, then gained some ground to touch 96.65, registering a rise of 23 paise over its previous close. On Thursday, the rupee depreciated by 13 paise to close at 96.88 against the US dollar. "Sustained strength in the US Dollar Index (DXY trading near multi-month highs near to 102.50), Brent crude prices firming back above USD 104 per barrel, and relentless foreign portfolio outflows from domestic equities kept dollar demand elevated among oil marketing companies and importers," said Anil Kumar Bhansali Head of Treasury and Executive Director Finrex Treasury Advisors LLP. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading marginally lower by 0.10 per cent at 102.03. Brent crude, the global oil benchmark, was trading lower by 1.09 per cent at USD 103.14 per barrel in futures trade. On the domestic equity market front, Sensex climbed 292 points to 71,876.10, while the Nifty was trading up 84.60 points to 22,310.40. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 12,943.58 crore on a net basis on Thursday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 09 2026 | 10:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 09 2026 | 10:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 09 2026 | 10:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hexaware Technologies share price zooms 12% on Anthropic tie-up First Published: Oct 09 2026 | 9:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As of June 30, 2026, it had 13,735 employees operating across 13 countries through 40 delivery centres. AI-powered customer experience solutions provider Fusion CX Ltd on Friday fixed the price band of ?275-289 per share for its ?702 crore Initial Public Offering (IPO), which will open for subscription on October 14. At the upper end of the price band, Fusion CX is expected to command a post-issue market capitalisation of over ?4,170 crore. The three-day public issue will close on October 16, while bidding by anchor investors is scheduled for October 13, according to a public announcement. The IPO comprises a fresh issue of equity shares worth up to ?500 crore and an Offer For Sale (OFS) of shares aggregating up to ?202 crore by existing shareholders, P N S Business Pvt Ltd and Rasish Consultants Pvt Ltd. The company had initially planned to raise up to ?1,000 crore through its IPO, according to its draft red herring prospectus filed with Sebi in May 2025. However, the proposed issue size has since been reduced to ?702 crore. Fusion CX proposes to utilise ?275 crore from the fresh issue proceeds towards repayment or prepayment of certain outstanding borrowings availed by the company and its subsidiaries. Another ?61 crore will be invested in its step-down subsidiaries, Omind Technologies Inc and Omind Technologies Pvt Ltd, to upgrade IT tools, including Arya and MindVoice. The remaining proceeds will be used for acquisitions, other strategic initiatives and general corporate purposes. In the last three years, the company has acquired six businesses, including Skycom Group, Scribe.ology LLC, Sequential Technologies LLC and S4 Communications LLC in the United States, VA Platinum Offshoring Pty Ltd in Australia and Ready Call Center Ltd in Belize. Incorporated in 2004, the Kolkata-headquartered company provides customer experience and AI-driven solutions across multiple channels, including voice, email, chat, social media and messaging. Its services span sectors such as telecommunications and utilities, healthcare and life sciences, high technology, travel, banking, financial services and insurance (BFSI), and retail. Fusion CX supports customer interactions in 28 languages, including English, French, Spanish, Portuguese, German, Arabic, Mandarin, Italian and Hindi. As of June 30, 2026, it had 13,735 employees operating across 13 countries through 40 delivery centres. The company's client portfolio comprises 208 customers. On the financial front, Fusion CX reported a more than two-fold jump in profit after tax to ?169 crore in FY26, compared with ?74.40 crore in FY25. Revenue from operations rose 37 per cent to ?1,818 crore from ?1,329 crore in the previous fiscal, according to an addendum filed with Sebi. Firstsource Solutions, eClerx Services, Alldigi Tech, Inventurus Knowledge Solutions, Sagility India and Hinduja Global Solutions are listed peers of the company, according to its red herring prospectus. The net offer has reserved 75 per cent for Qualified Institutional Buyers (QIBs), 15 per cent for Non-Institutional Investors (NIIs) and 10 per cent for retail individual investors. The equity shares are proposed to be listed on the BSE and NSE on October 22. Nuvama Wealth Management, IIFL Capital Services and Motilal Oswal Investment Advisors are the book-running lead managers to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 09 2026 | 9:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 09 2026 | 9:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TCS Q2 review: Analysts flag weak margins amid steady growth; stock up 4% First Published: Oct 09 2026 | 9:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TCS Q2 review: Analysts flag weak margins amid steady growth; stock up 4% First Published: Oct 09 2026 | 9:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The US is still pressuring Iran economically to try to end the war, now in its ?eighth month. Oil prices fell on Friday as West Asia supply concerns eased somewhat after US President Donald Trump said the country will not attack Iran before US elections next month amid productive talks to end their war that has disrupted the market. Brent crude ?futures fell 72 cents, or 0.7%, to $103.53 a barrel by 0220 GMT. US West Texas Intermediate (WTI) crude futures fell 52 cents, or 0.6%, to $90.97. Still, Brent prices are set for weekly gains after settling 4% higher on Thursday because of an increase in attacks on shipping carrying crude out of the West Asia earlier this week. WTI is set for a slight weekly decline even amid supply disruptions due to a hurricane approaching the Gulf of Mexico coast in the US, the world's biggest oil producer. On ?Thursday, Trump said Washington was having "productive discussions" with Iran and said no attack was planned before the November 3 midterm congressional elections after media reports he was considering an attack before then. Iran's Tasnim news agency reported the same day that Foreign Minister Abbas Araqchi said Tehran is reviewing the US response to its proposal that would reopen the Strait of Hormuz within seven days. The US is still pressuring Iran economically to try to end the war, now in its ?eighth month. The US imposed fresh sanctions on Thursday targeting individuals, networks and 17 vessels for transporting Iranian crude, oil products and petrochemicals. Prices have been volatile ?this week as threats to oil shipping in the Gulf and the Strait of ?Hormuz, which carried shipments equal to about 20% of global oil and fuel before the war, have increased in October. The oil market is also contending ?with Hurricane Isaias in the Gulf of Mexico. Because of the storm, producers there have shut in about 1.3 million barrels per day, or 62.9%, of current ?oil production as of Thursday, according to the US Marine Minerals Administration. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 09 2026 | 8:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 09 2026 | 8:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Technical analyst expect support for Nifty around 22,000-mark, as the index threatens to extend losses to the ninth straight week. First Published: Oct 09 2026 | 8:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 09 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Meta has been urging TikTok and YouTube to follow steps it agreed ?to take on teen safety in August following a settlement of up to $18 ?billion with US states over social media harms to children (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 09 2026 | 7:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Global shares slid on Thursday as a mild pullback in sovereign bond yields was countered by a jump in oil prices and indicators of the massive debt that technology companies may need to sustain their dramatic artificial intelligence-fueled growth. Wall Street's main indexes fell, with the S&P 500 down about 0.5% and the Nasdaq off nearly 1.3%. Chipmakers, which have soared over 80% so far this year, were clear underperformers on the day following a report that OpenAI's annualized revenues were $20 billion less than the company previously signaled. Euro zone borrowing costs rose on Thursday as the surge in oil prices intensified inflation concerns, though investors took ?a breather from selling bonds of heavily indebted countries such as France and Italy. The yield on benchmark US 10-year notes, also pulled back from its elevated levels, dipping 5 basis points to 5.227%. Yields started moving lower after a 30-year bond auction met with solid demand, showing investors remain willing to buy long-dated government debt, despite the ongoing market selloff. "Markets are going to be watchful if that contagion continues," said Kiran Ganesh, a multi-asset strategist at UBS Global Wealth Management. "At this stage, the markets would be most comforted by monetary intervention," he added, referring to the ECB buying bonds to ease the market strains. The pan-European STOXX 600 fell 0.75% to around its lowest since June, while France's CAC-40 dropped 0.5%, nearing its lows for the year in March. Overnight in Asia, Japan's Nikkei had shed 1.4% and South Korea's chipmaker-heavy KOSPI slumped 2.6%. In commodity markets, oil prices settled 4% higher, with Brent crude futures at $104.28, on revived concerns about the war in the Middle East and growing supply disruptions due to a hurricane approaching the US Gulf Coast. The US quarterly earnings season picks up pace next week with big banks, including JPMorgan, set to report results. Optimism around strong earnings has buoyed US stocks lately despite shaky geopolitical developments and concerns about rising interest rates. The tech and energy sectors are expected to report the biggest quarterly earnings ?growth, while the broader S&P 500 is expected to post a punchy 30.6% increase in quarterly earnings, according to LSEG data. Vlad Barbalat, Liberty Mutual Group's chief investment officer and president of global risk & capital solutions, said the S&P 500's roughly 15% return this year looks ordinary on the surface, but the composition is striking. "The index has risen even as its forward P/E has fallen from roughly 22x to 19x, supported by exceptionally strong growth in rolling forward earnings, all while more than a third of S&P 500 stocks are down," Barbalat wrote in an email. "The result is a historically uncommon combination: a narrow rally in which the market has gotten cheaper even as the index hovers near all-time highs." Debt remains a strong underwater current. The Wall Street Journal added to media reports on Wednesday that SpaceX, Broadcom and Oracle were all looking to raise serious money to buy high-end AI chips. Still, the ?fact much of this money will be spent on AI equipment is set to be positive for earnings in the semiconductor and memory sectors. Samsung Electronics on Thursday reported a 783% jump in third-quarter operating profit to 107.4 trillion won ($80.17 billion), though its shares lost 2.4%. TSMC, the world's largest contract chipmaker, also reported a record third-quarter revenue of T$1.49 trillion ($46.71 billion), up 50% from the year-earlier period. Its shares fell 1.35%. All this ?corporate debt is coming at a time when sovereign bond markets are being sorely tested by inflation fears, ever-widening budget deficits and rising cash rates. Minutes of the Federal Reserve's last meeting released on Wednesday showed "most" members ?considered another rate hike likely by year-end, though they would approach each meeting with an open mind. Markets imply just a 17% chance the Fed will move again this month, but are nearly 83% priced for a rise in December. "We expect a second Fed hike in December, though we see a strong chance the Fed ultimately concludes further tightening is unnecessary," analysts at Goldman ?Sachs wrote in a note. Strains in the French bond market led Bank of France head Emmanuel Moulin to say the country's economic situation was serious on Wednesday, but he said it did not need help from the European Central Bank. Still, the euro gained against the dollar as a rise in euro zone bond yields stalled. The greenback also retreated versus the yen, with the Japanese ?currency protected by the threat of intervention. Non-interest-bearing gold has suffered as yields climbed, but it was steady at $4,111 an ounce having found bids at two-month lows. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 09 2026 | 7:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: the Nifty50 and the Sensex advanced as IT shares advanced and as oil prices declined. First Published: Oct 09 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to open on a positive note. First Published: Oct 09 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 09 2026 | 12:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 09 2026 | 12:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 09 2026 | 12:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A farmer applying urea fertiliser to a crop field, representing lower fertiliser prices and easing input costs for Indian farmers First Published: Oct 09 2026 | 12:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The shares, amounting to 2.91 per cent of ITC’s total equity, were sold at ?257.35 apiece First Published: Oct 08 2026 | 8:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 08 2026 | 8:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The delay is aimed at keeping UPI payments free for merchants through the festive season, which runs until the year-end, amid pushback from retail traders’ associations | Representative Picture First Published: Oct 08 2026 | 8:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A Bench comprising Justices Vikram Nath and Sandeep Mehta said the committee would consider suggestions and representations on the issue and make recommendations to the Union government First Published: Oct 08 2026 | 7:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 08 2026 | 7:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jane Street and Sebi conclude SAT hearings over alleged Bank Nifty market manipulation; written submissions due next week. First Published: Oct 08 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jane Street and Sebi conclude SAT hearings over alleged Bank Nifty market manipulation; written submissions due next week. First Published: Oct 08 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The central bank plans to conduct a 10-day VRRR auction worth ?1.5 trillion on Friday First Published: Oct 08 2026 | 7:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The central bank plans to conduct a 10-day VRRR auction worth ?1.5 trillion on Friday First Published: Oct 08 2026 | 7:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 08 2026 | 7:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 08 2026 | 6:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BS Marketing Initiative First Published: Oct 08 2026 | 6:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
VinFast said the regions covered under the agreements represent large two-wheeler markets and offer significant potential for electrification First Published: Oct 08 2026 | 3:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Automakers raised vehicle prices in multiple rounds to partly offset higher input costs This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Satyanarayanan Chakravarthy, Founder and Director of Ubifly Technologies (The ePlane Company) and Daniel Bircher, Chairman, Noida International Airport First Published: Oct 08 2026 | 3:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Knowledge Marine & Engineering Works (KMEW) share price hit a new high on Thursday. First Published: Oct 08 2026 | 3:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The filing further said that the record date for the dividend is October 14, 2026, and the amount will be paid within the timelines prescribed under law Vedanta Ltd on Thursday declared an interim dividend of ?5 per share for the current financial year, amounting to about ?1,955 crore. This is the company's first interim dividend post-demerger, reinforcing the company's focus on delivering value to shareholders as it enters a new phase as a more focused and diversified natural resources company, the company stated in an exchange filing. "... the board of directors of Vedanta Limited have, today, i.e. October 08, 2026, approved the first interim dividend 2026-27 of ?5 per equity share on face value of ?1 per equity share for the financial year 2026-27 amounting to ?1,955 crore," Vedanta said in the filing. The dividend comes soon after a strong Q2 FY27 operational performance, with Vedanta reporting broad-based momentum across its businesses. The company recorded record quarterly and half-yearly production across key operations, with particularly strong performance in zinc, ferro alloys, ports and aluminium. The performance reflects the benefits of capacity expansion, operational efficiencies and investments made across the portfolio. The strong operating performance provides a solid foundation for Vedanta's growth and cash-generation ambitions, while the dividend reinforces its ability to combine growth investments with shareholder returns. The filing further said that the record date for the dividend is October 14, 2026, and the amount will be paid within the timelines prescribed under law. In 2025-26, Vedanta declared ?34 per share through three interim dividends, following a ?43.50 per share dividend in 2024-25. The company has consistently maintained a strong dividend distribution record over the years. Mining conglomerate Vedanta Ltd reported a 71.8 per cent rise in consolidated net profit at ?5,473 crore in the quarter ended June 2026, citing higher sales amid rising global metal prices and a lower exchange rate of the rupee. In the year-ago period, the Anil Agarwal-led company posted a consolidated net profit of ?3,185 crore. Revenue from operations during the first quarter of FY27 rose by 53.6 per cent to ?24,205 crore from ?15,754 crore a year ago. Expenses during the reporting quarter rose to ?17,558 crore from ?13,203 crore recorded in the year-ago period. Vedanta Limited is a leading global producer of metals, critical minerals and technology. Vedanta group's four demerged entities -- Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas and Vedanta Iron And Steel -- made their stock market debut in June. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 08 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The cardiac segment, which accounted for 14 per cent of the IPM by value in September, recorded volume growth of 9.1 per cent. First Published: Oct 08 2026 | 3:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
State Bank of India Chairman C S Setty on Thursday said he does not see deposit rate hike for up to three months because of the excess liquidity in the system. Speaking a day after the RBI's policy announcement, Setty said the shift to tightening of rates by the central bank will help banks expand their net interest margins (NIMs) for up to three quarters. "I believe that next two-three months, there may not be any rate action on the deposits because we have sufficient liquidity in the system," Setty told reporters here. Setty also acknowledged that depositors need to be compensated with some level of positive real interest rate in a scenario where inflation is inching up. Setty, who also chairs the industry grouping Indian Banks Association, dismissed fears of an imprudence in lending by the banks because of the nearly USD 133 billion deposit raise from the diaspora. He said the FCNR(B)-related liquidity will get consumed in the next 2-3 quarters. Asked if the RBI's rate hike of Wednesday, and SBI's house view of a 0.50 per cent more will help net interest margins, he replied in the positive but refrained from giving any levels citing silent period before the earnings announcement. "...in the next 2-3 quarters, it (RBI rate hikes) is positive on the NIMS. People are expecting that the 75 bps will happen in 2 or 3 hikes. But whatever happens, I think this benefit (on NIMs) is available for 2-3 quarters," he said. Setty added that over 50 per cent of the loans in the banking system are tied to the external benchmark-based lending rate, which get repriced as per RBI's actions on the repo rate. On the five-day work week demand over which bank unions had also threatened to go on strike recently, Setty said bank managements are engaged with all stakeholders on the issue through a committee formed under IBA, and it is premature to comment on the subject. Meanwhile, Setty said making banking simpler, relevant, personalised and more safe will be the key focus areas in the next stage of financial inclusion efforts. Stating that India is among the few countries where over 95 per cent of the population has a bank account, he said we also need to devote more attention to making these accounts more operational going forward. He also urged foreign investors to look beyond the current size of the Indian economy and factor in the transformation path it is on while making their decisions. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 08 2026 | 2:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
G20 members China, Brazil, Indonesia, Russia, Saudi Arabia and South Africa did not sign the joint statement India and 13 other countries have called for coordinated global action to curb excess industrial production that distorts markets, hurts domestic industries and contributes to an imbalance between supply and demand. The countries issued a joint statement on Wednesday after meeting on the sidelines of the Organisation for Economic Co-operation and Development (OECD) Trade Committee deliberations in Washington. "We call on all countries to take steps to eliminate structural excess capacity and production in their economies, including by ending the use of non-market policies and practices that distort markets and contribute to the problem," the joint statement said. Building on discussions at the G20 Trade Ministerial in Milwaukee, the economies joined the US in signing a Joint Ministerial Statement to work together through new, dedicated sectoral platforms to examine and take effective action against structural excess capacity and production in several key sectors of concern, the office of the US Trade Representative (USTR) said. The signatories include the trade ministers of Argentina, Australia, Canada, the European Union, France, Germany, India, Italy, Japan, South Korea, Mexico, Poland, Turkiye, the United Kingdom and the United States. G20 members China, Brazil, Indonesia, Russia, Saudi Arabia and South Africa did not sign the joint statement. The G20 trade ministerial in Milwaukee had failed to reach a consensus on issues related to forced labour and excess industrial capacity. "Over the course of the US G20 presidency, numerous economies raised instances of structural excess capacity and production in economies that persistently exceeded global demand and were sustained by foreign governments' non-market policies and practices," USTR Jamieson Greer said in a statement. "Left unchecked, these issues will continue to cripple domestic industries, displace local production, and hinder our ability to raise the standard of living for workers and their families," he said. Greer said the Trump Administration would continue to engage with US trading partners to defend its domestic industries, workers and economy from distortions resulting from such policies and practices. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 08 2026 | 11:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
13 CPSE srtocks hit 52-week lows in Thursday's trading session. (Illustration: Binay Sinha) First Published: Oct 08 2026 | 11:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 08 2026 | 11:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ITC sees 2.9% of equity change hands in single large trade; stock slumps 3% First Published: Oct 08 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 08 2026 | 10:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India stocks may be getting cheaper just as earnings rebound: Motilal Oswal First Published: Oct 08 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On Wednesday, the rupee closed at 96.75 against the American currency The rupee traded in a narrow range and edged up 10 paise to 96.65 against US dollar in early trade on Thursday on likely intervention by the Reserve Bank of India. Forex traders said rupee is under pressure amid persistent macroeconomic headwinds, including global dollar strength (DXY trading near multi-month highs), elevated Brent crude prices hovering near $102 per barrel. Moreover, relentless foreign fund outflows as well as fall in forex reserves by $50 billion in just three weeks from the high of $786 billion in September dented investor sentiments further. At the interbank foreign exchange market, the rupee opened at 96.71, then gained some ground to touch 96.65, registering a rise of 10 paise over its previous close. On Wednesday, the rupee closed at 96.75 against the American currency. "Strong corporate importer demand for dollars together with safe-haven capital shifts overpowered the RBI's hawkish policy stance, driving USD/INR higher through the afternoon until routine state-run bank interventions helped stem further losses," said Anil Kumar Bhansali Head of Treasury and Executive Director Finrex Treasury Advisors LLP. Forex traders said investors will wait for RBI to take action against speculation on the USD/INR pair with the Governor assuring to help in finding rupee to its true value which is undervalued presently. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 102.25, higher by 0.01 per cent. Brent crude, the global oil benchmark, was trading higher by 2.17 per cent at $102.37 per barrel in futures trade amid concerns over disruptions to crude supplies through the Strait of Hormuz. "The main reason for the rebound in crude oil prices is persistent concern over West Asia supply and shipping disruptions, particularly with attacks on tankers in the Gulf and around the Strait of Hormuz intensifying," Bhansali said. Sensex declined 264.97 points to 72,408.15 in early trade, while Nifty fell 87.50 points to 22,507.65. Foreign Institutional Investors (FIIs) offloaded equities worth ?6,121.37 crore on a net basis on Wednesday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 08 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Paytm, Mobikwik share prices plunged up to 10% in Thursday's trading session. First Published: Oct 08 2026 | 10:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to JM Financial's estimates, TCS revenue could rise by 11.1 per cent YoY to ?73,110.2 crore in the quarter under review. First Published: Oct 08 2026 | 10:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nityas Gems & Jewellery shares list at over 9% premium, beat expectations First Published: Oct 08 2026 | 10:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Q2 Earnings Preview: Banks, financials to drive strong double-digit growth First Published: Oct 08 2026 | 9:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 08 2026 | 9:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Senco Gold jumps 8% on Q2 biz update; achieves highest-ever topline in H1 First Published: Oct 08 2026 | 9:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Banks vs NBFCs: Where to invest after RBI rate hike? Analysts answer First Published: Oct 08 2026 | 9:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian markets languished and bonds edged lower as higher oil prices fuelled inflation concerns and raised bets for rate hikes by the central banks. First Published: Oct 08 2026 | 8:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian markets languished and bonds edged lower as higher oil prices fuelled inflation concerns and raised bets for rate hikes by the central banks. First Published: Oct 08 2026 | 8:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ajit Mishra's 3 stock recommendation: Buy Indian Hotels, Nuvama; sell NALCO First Published: Oct 08 2026 | 8:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian shares slipped on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for limited funding. A fresh rise in oil prices added to the pressure on Treasuries, though a strong auction of US 10-year debt overnight did help pull yields off 24-year peaks. While lofty yields underpinned the dollar, the euro slid to near 17-month lows as concerns over France's finances spread to Italian ?and Greek debt. The steady climb in borrowing costs put equities on the defensive and Japan's Nikkei eased 0.9 per cent, with South Korea down 0.6 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1 per cent. On Wall Street, S&P 500 futures and Nasdaq futures were barely changed. In Europe, EUROSTOXX 50 futures, DAX futures and FTSE futures all edged up 0.1 per cent after sliding on Wednesday. The Wall Street Journal added to media reports that SpaceX, Broadcom and Oracle were looking to raise money to buy AI chips. Broadcom was looking for $50 billion in financing, while SpaceX was planning to issue $30 billion in investment-grade debt and raise $10 billion in loans to buy chips from Nvidia, which is a major shareholder in SpaceX. Nigel Green, CEO of deVere Group, warned of a dangerous loop where Nvidia was bankrolling the very customers who buy its products, leaving global investors at risk if the expected profits failed to materialise. "Debt has to be repaid on schedule, whether the revenues show up or not," he added. "And this debt is landing in the bond funds and pension pots of savers right around the world." Still, the fact much of this money will be spent on AI equipment could be positive for earnings in the semiconductor and memory sectors. Samsung Electronics on Thursday projected a 783 per cent jump in third-quarter operating profit to 107.4 trillion won ($80.17 billion), though its shares eased 0.3 per cent. All this corporate debt is coming at a time when sovereign bond markets are being sorely tested by inflation fears, ever-widening budget deficits and rising cash rates. Minutes of the Federal Reserve's last meeting released on Wednesday showed "most" members considered another rate hike likely by year end, though they would approach each meeting with an open mind. Markets imply just a ?19 per cent chance the Fed will move again this month, but are 80 per cent priced for a rise in December. "We expect a second Fed hike in December, though we see a strong chance the Fed ultimately concludes further tightening is unnecessary," wrote analysts at Goldman Sachs in a note. The prospect of a pause ?in tightening helped keep 2-year Treasury yields at 4.78 per cent, while 10-year yields nudged up to 5.298 per cent having hit a 24-year top of 5.326 per cent overnight. Strains in the French ?bond market led Bank of France head Emmanuel Moulin to acknowledge the country's economic situation was serious, but he reassured investors it did not need help from the European Central Bank. Investors reacted by dumping the euro, which was pinned at $1.1198 having lost 0.6 per cent overnight. A break of the ?recent low at $1.1161 would risk a retreat to $1.1065. The dollar was the main beneficiary of the single currency's woes and its index rose to 102.22, near an 18-month peak. It was off 0.1 per cent on the yen at 157.90, with the Japanese currency protected by the threat of intervention. In commodity markets, ?Brent futures rose 0.9 per cent to $101.14 a barrel, while US crude futures added 0.8 per cent to $89.02 a barrel. [O/R] Non-interest-bearing gold has suffered as yields climbed, leaving it at $4,105 an ounce and near two-month lows. [GOL/] (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 08 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex were trading lower, tracking negative global cues. First Published: Oct 08 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to open on a negative note on Thursday. First Published: Oct 08 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RBA, Black Box, Tata Steel: Jatin Gedia shares 3 stock ideas for today First Published: Oct 08 2026 | 7:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Prices settled lower on ?Wednesday after the International Energy Agency agreed to accelerate the release of oil stocks and to prioritise diesel supplies Oil prices rose on Thursday on persistent worries about supply from the key West Asia producing region amid an increase in attacks on shipping in the Gulf and the Strait of Hormuz. Brent crude futures rose $1.33, or 1.33 per cent, at $101.53 a barrel by 0116 GMT. US West Texas Intermediate (WTI) crude futures gained $1.11, or 1.26 per cent, to $89.39. Prices settled lower on ?Wednesday after the International Energy Agency agreed to accelerate the release of oil stocks and to prioritise diesel supplies under a plan launched in March, as governments seek to tackle record fuel prices and supply disruptions caused by the Iran war. However, threats to oil shipping in the Gulf and the Strait of Hormuz, which carried shipments equal to about 20 per cent of global oil and fuel before the war, have increased in October as the US-Israeli conflict with Iran enters its eighth month. Attacks on tankers sailing through the Strait of Hormuz hit their highest last week of any week since the Iran war began as Gulf producers increase exports. The increase in attacks is occurring as more crude is flowing ?out of the Gulf but at higher costs and risk to cargoes and crew. In the latest attack, a tanker north of Qatar was struck by multiple projectiles, causing casualties, the United Kingdom Maritime Trade Operations agency said on Wednesday. "In the past, such attacks have resulted in a reduction in shipments from the Persian Gulf. This time around, producers appear to be willing to take the risk of their vessels being damaged, as there is no alternative way to get their oil to international markets," Daniel Hynes, senior commodity strategist at bank ANZ, said in a note on Thursday. Hynes also said the IEA's oil release would likely consist of barrels that ?were already part of the group's original 400-million-barrel release plan at the start of the West Asia conflict, meaning it does not appear to represent an additional draw on strategic inventories. "Ultimately, strategic stock releases can augment supply ?flows temporarily but do not create new production capacity," he said. Inventory data from the US, the world's biggest oil ?consumer and producer, were supportive for prices as crude stockpiles fell by a higher-than-expected amount, while diesel inventories declined slightly. Crude inventories fell by 3.2 million barrels to 424.1 million barrels in the week ended October ?2, the Energy Information Administration said on Wednesday, compared with analysts' expectations in a Reuters poll for a 1.7 million-barrel decline. Distillate fuel inventories, including diesel fuel and jet fuel, dropped by 42,000 barrels to 105.14 ?million barrels, well below their levels reported for this time of year in the past five years. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 08 2026 | 7:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Oct 08 2026 | 7:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 08 2026 | 12:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RBI’s repo rate hike to 5.5% is set to impact fixed deposits, home and other loans, and debt mutual funds. First Published: Oct 08 2026 | 12:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 07 2026 | 11:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 07 2026 | 8:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 07 2026 | 8:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
While India and the US have narrowed their differences, the remaining issues will prove the hardest to resolve, the BMI report said First Published: Oct 07 2026 | 8:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
While India and the US have narrowed their differences, the remaining issues will prove the hardest to resolve, the BMI report said First Published: Oct 07 2026 | 8:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 07 2026 | 7:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bond yields climbed to near three-year highs as the central bank delivered a surprise rate hike amid elevated crude oil prices and foreign portfolio outflows. First Published: Oct 07 2026 | 7:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On Titan’s performance, Citi Research highlighted that domestic jewellery growth, excluding bullion, at 20 per cent was below its 27 per cent estimate, even as gold prices saw an appreciable Y-o-Y jump This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 07 2026 | 7:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 07 2026 | 7:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 07 2026 | 7:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Seed industry bodies FSII and NSAI on Wednesday demanded that the government should allow commercial cultivation of herbicide-tolerant Bt (HTBt) cotton at the earliest, as the crop variety is being grown illegally in some parts of the country, creating a ?1,500 crore informal seed market. The Federation of Seed Industry of India (FSII) and the National Seed Association of India (NSAI) stressed the need to introduce high-yielding varieties and new technologies to boost domestic cotton production and reduce imports. India's cotton production stands at around 29 million bales (of 170 kg each). A study, Unauthorised Cultivation of HTBt Cotton in India: Extent, Drivers and Implications, was conducted by the South Asia Biotechnology Centre (SABC) with the support of these two associations. It covered 16 districts across Maharashtra, Telangana, Andhra Pradesh and Rajasthan, combining farmer surveys, supply-chain assessment and ELISA-based gene testing. "Unauthorised herbicide-tolerant Bt (HTBt) cotton was grown on 65-72 lakh acres in Kharif 2025-26, or 24-30 per cent of India's total cotton area, sustaining an informal seed market worth an estimated ?1,500 crore," FSII Chairman Ajai Rana told reporters. He informed that 1.25 crore packets of HTBt seed are being sold, currently worth ?1,500 crore. The total size of the cotton seed market is 5.5 crore packets worth ?6,000 crore. Sales of legal Bt cotton seeds have declined. "The government should fast-track the approval of HT Bt cotton," he said, adding that Mahyco has already made an application for this purpose in 2024. The association also demanded changes in glyphosate label claims. The product is used for weed management in the cotton crop. "Farmers are not breaking the law out of choice. They are paying a black-market premium because the regulatory system has not given them the technology they need," Rana said. The study found that farmers are actively bypassing formal channels and paying a premium technology fee to the black market just to secure operational survival and crop insurance, the FSII said. "Unchecked use of unapproved genes and unmonitored glyphosate spraying could breed resistant pests and weeds that devastate cotton productivity," said Dr C D Mayee, President, Indian Society for Cotton Improvement and President, South Asia Biotechnology Centre. The study pointed out that labour shortages are driving the shift. Weed control with glyphosate costs ?750-850 an acre, against ?12,000-15,000 for manual weeding. Glyphosate use rose 26 per cent in a year, from 27,721 kilolitres in 2024-25 to 35,642 kilolitres in 2025-26. "Due to a drop in productivity per acre, India has lost self-sufficiency in cotton production and become an importer of cotton. To regain self-sufficiency and revive the cotton economy, regulatory approval of herbicide-tolerant cotton and the pink bollworm trait should be a national priority," Rana said. First Published: Oct 07 2026 | 6:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The demat additions have been heavily backed by strong primary market activity, as a total of 69 IPOs raised a record ?90,462 crore in the quarter ended September First Published: Oct 07 2026 | 6:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold prices fell for the second straight session, declining ?700 to ?1.48 lakh per 10 grams in the national capital on Wednesday, as subdued local demand and weak global trend weighed on the precious metal. The yellow metal of 99.9 per cent purity fell to a one-week low, depreciating ?700 to ?1,48,900 per 10 grams, inclusive of all taxes, from Tuesday's closing level of ?1,49,600, according to local traders. It was quoted at ?1,48,600 per 10 grams on September 29. "Gold prices declined in the domestic market on Wednesday amid weak global cues and subdued retail demand," said Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities. A rebound in crude oil amid renewed concerns over supply disruptions triggered by West Asia tensions also added to the dip in the precious metal prices, he added. However, depreciation in the rupee kept a lid on the precious metal's upside, analysts said. The rupee slumped 43 paise to close at 96.78 (provisional) against the US dollar on Wednesday. Silver, meanwhile, remained unchanged for the third consecutive session, at ?2.27 lakh per kilogram, traders said. In the international markets, spot gold fell $47.42, or 1.14 per cent, to $4,116.55 per ounce, while silver dropped 2.26 per cent, to hit nearly a three-month low, to $59.97 an ounce. The white metal was last around these levels on July 9, when it traded at $59.96 per ounce. Gold remained under pressure, hovering at $4,120 per ounce, while silver is holding around $60, in global trade as investors await the meeting minutes from the US Federal Reserve, said Akshat Siddhant, Lead Quant Analyst at investment platform Mudrex. The minutes could provide cues on the Fed's interest rate outlook. A stronger dollar, which is near an 18-month high, is also limiting the upside in gold as December rate hike odds remain at 70 per cent, he added. Adding to the rate backdrop, the Reserve Bank of India raised its benchmark interest rate by 25 basis points (bps) to 5.50 per cent, its first increase in nearly four years, and signalled that further hikes could follow as rising inflation and a weakening currency prompt a policy pivot. According to Radhika Piplani, Chief Economist at Motilal Oswal Financial Services Ltd, the RBI has also shifted its policy stance from neutral to 'calibrated tightening', signalling an intent to tighten both banking system liquidity and policy rates to contain inflation, she said, adding that they expect another 75 bps of tightening in this cycle, taking the repo rate to 6.25 per cent. "This includes a 25 bps hike in December, which market participants have already largely priced in," Piplani added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 07 2026 | 6:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 07 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The government has issued a notification reducing the stock holding limit for sugar dealers to 1,000 quintals, effective from October 15 to November 30, as part of its efforts to control retail prices of the sweetener during the festival period. On October 1, the food ministry had said that the government has reduced the stock holding period for sugar dealers to 15 days and fixed the stock holding limit at 1,000 quintals, with effect from 15 October to November 30, 2026, except in Kolkata and its extended metropolitan areas and the State of Assam. The Department of Food and Public Distribution on Tuesday issued a gazette notification to implement this decision, which will come into effect from October 15. In August, the ministry imposed a stock-holding limit of 4,000 quintals on sugar dealers, applicable from August 1 to November 30, along with a maximum holding period of 30 days from the date of receipt. The limit was later tightened to 2,000 quintals from September 15. "The revised norms are aimed at ensuring that sugar is not unnecessarily accumulated in the distribution chain and that supplies move smoothly from sugar mills through dealers and ultimately reach the end consumer," the ministry had said. The reduction in the stock-holding limit aims to curb hoarding, discourage speculative trading, and prevent dealers from accumulating sugar stocks. "By limiting the quantity and duration for which sugar can be held, the Government seeks to facilitate an orderly movement of sugar through the supply chain and ensure its continuous availability to consumers at reasonable prices," the ministry had said. Sugar season runs from October to September. Earlier this month, the ministry said that the average retail sugar prices have declined by 15 per cent from their August peak and are expected to decline further. Ex-mill sugar prices have declined by about 28 per cent and have remained stable over the last three weeks, it added. First Published: Oct 07 2026 | 6:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 07 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 07 2026 | 5:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kalyan Jewellers shares hit the day's high of ?567.30 on the BSE as against the last close of ?548. First Published: Oct 07 2026 | 10:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 07 2026 | 10:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian markets were slightly weaker on Wednesday even though US stocks touched new highs, as oil prices rose with a storm heading for the Gulf of Mexico and tensions escalating between Saudi Arabia and Yemen's Iran-backed Houthis. In Asia, MSCI's broadest index of Asia-Pacific shares excluding Japan was down 0.3% after US stocks ended higher. The index is up 1.5% so far this month. The S&P 500 hit a fresh record on Tuesday, up about 0.6% on ?the day, while the tech-heavy Nasdaq gained 0.45%, also an all-time high. The Dow Jones Industrial Average rose 0.5%. In Asian trading, US crude ticked up 1.05% to $90.38 a barrel; prices were little changed in the international session. Brent crude rose 1.06% to $101.65 per barrel. The price rise came as commodity investors weighed supply constraints from a storm heading for North American oil-producing regions and Houthi attacks on Saudi Arabia against increased supplies of Middle East crude. Around 12 million barrels per day (bpd) of crude oil and 2 million bpd of refined products have left the Middle East on tankers in the last 7 to 10 days, commodities trading giant Vitol's CEO Russell Hardy said on Tuesday. The positive sentiment among traders of US equities followed a stabilisation in global bond yields overnight. Heavily sold French debt pulled back on Tuesday as far-right presidential candidate Marine Le Pen pledged spending cuts and a reduction in the country's budget deficit. Ten-year French yields fell more than 11 ?basis points and the spread between French OATs and German bunds, which hit almost 160 bps last week, according to LSEG data, narrowed to 132 bps. "What has changed is sharply higher yields, leaving investors less willing to look through those vulnerabilities." That decline helped the euro make a small recovery and stabilise just above $1.1250. "A sense of calm returned to European bond markets with French, Italian and Greek bonds outperforming amid a broad rally," ANZ economists wrote in a note. Ten-year US Treasuries rose back to 5.3% in Asian morning trade. Longer-term US yields were edging higher on Wednesday ahead of a 10-year auction later in the session and a 30-year auction on Thursday. The auctions ?will show the depth of investor demand for US debt, analysts said. US longer-dated yields hit a 24-year high on Monday amid a persistent selloff since late August due to inflation and debt concerns. Australian shares were flat on Wednesday, while Japan's Nikkei stock index was off 0.86%. Hong Kong's Hang ?Seng Index was down 0.63% in early trading, dragged lower by a 4% decline in the index's biotech index. Mainland China's financial markets remained closed ?for a holiday. The dollar index, which measures the greenback against a basket of currencies, rose 0.03% to 101.94 following a 0.27% slide in the prior session. The Japanese yen weakened 0.19% to 158.43 per dollar. Sterling dipped 0.08% to $1.3262. A stabilisation in oil prices in the US ?trading session, the euro's slight recovery and US Treasury bond yield shifts put pressure on the dollar, CBA analysts said. The Federal Reserve on Wednesday will publish the minutes of its September 15 and 16 policy meeting, which will be scrutinised for potential rate moves over the next ?few months. Traders scaled back expectations of a Fed rate increase this month to 19% from about 50% a week earlier. Spot gold was recently higher at $4165.53 per ounce. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 07 2026 | 10:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PTC Industries share price hit a fresh record high in Wednesday's trading session. First Published: Oct 07 2026 | 10:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Chennai Petroleum, MRPL shares defy market weakness, gain up to 6% First Published: Oct 07 2026 | 10:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On Tuesday, the rupee settled at 96.35 against the US dollar The rupee depreciated 10 paise to 96.45 against the US dollar in early trade on Wednesday ahead of the Reserve Bank of India's monetary policy decision. The rupee is under continuous pressure amid persistent outflows of foreign funds from domestic equities and strong US dollar holding near multi-month highs above 102 (DXY), forex traders said. Moreover, investors are keenly awaiting the RBI's monetary policy decision for further cues. At the interbank foreign exchange, the rupee opened at 96.37, then lost ground and fell to 96.45, down 10 paise from its previous close. On Tuesday, the rupee settled at 96.35 against the US dollar. "We have the RBI monetary policy meeting today, in which the RBI is expected to raise rates by 25 bps with an outside chance of a 50 bps raise. The RBI may also raise the CRR by 1 per cent to 4 per cent to absorb the excess liquidity. "We await the RBI stance on the falling rupee which has lost more than 2 per cent in the last 1 month with oil demand and FPI demand for the US dollar keeping the rupee lower," said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. The Reserve Bank of India will announce its bi-monthly monetary policy decision at 1000 hrs on Wednesday, with several experts expecting a rate hike after nearly three-and-a-half years as inflation pressures rise due to the continuing West Asia conflict. The RBI last hiked the repo rate in February 2023, raising it by 0.25 per cent to 6.50 per cent. It kept the rate unchanged through 2023-24 before beginning its rate-cut cycle in 2025. The RBI's policy repo rate currently stands at 5.25 per cent. Meanwhile, the dollar index, which gauges the strength of the greenback against a basket of six currencies, was trading at 102.02, higher by 0.19 per cent. Brent crude, the global oil benchmark, was trading higher by 0.91 per cent at $101.50 per barrel in futures trade. On the domestic equity market front, Sensex fell 460 points to 72,599.05 in early trade, while the Nifty declined 164.80 points to 22,610.85. Foreign Institutional Investors (FIIs) offloaded equities worth ?2,961.30 crore on a net basis on Tuesday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 07 2026 | 9:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahindra Lifespace Developers share price jumped over 2% in Wednesday's trade on new project launch in Pune. First Published: Oct 07 2026 | 9:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Titan shares crash 4% on slower-than-expected jewellery growth in Q2 First Published: Oct 07 2026 | 9:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jio IPO could open in the week starting October 19 and list before October 30. First Published: Oct 07 2026 | 9:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jio IPO could open in the week starting October 19 and list before October 30. First Published: Oct 07 2026 | 9:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 07 2026 | 8:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 07 2026 | 8:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vinay Rajani of HDFC Securities bullish on Shipping Corp & one other stock First Published: Oct 07 2026 | 8:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex were trading lower amid concern for inflation due to high oil prices. First Published: Oct 07 2026 | 7:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices climbed as a Gulf of Mexico storm threatened US production and Saudi attacks by Yemen's Houthis added to supply concerns Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of West Asia crude. Brent futures rose 93 cents, or 0.92%, to $101.51 a barrel by 0022 GMT. US West Texas Intermediate (WTI) crude rose 82 cents, or 0.92%, ?to $90.25. US forecasters said on Tuesday a storm forming in the Gulf of Mexico would become the first Atlantic hurricane of 2026 within two days and would likely hit oil and gas producing facilities. The offshore areas in the Gulf in the storm's path produce 15% of US crude oil and 5% of the country's natural gas. KCM Trade chief analyst Tim Waterer said the storm was an "unwelcome complication for crude, raising the prospect of production and refining disruptions at a time when the market already has enough supply-side headaches". The storm could affect six refineries. Refineries in US Gulf states account for about 50% of the national capacity of 18.2 million barrels per day (bpd). US crude oil and gasoline inventories fell, while distillate stocks rose marginally last week, ?market sources said on Tuesday, citing data from the American Petroleum Institute. Crude stocks fell by 2.09 million barrels in the week ended October 2. Supply had been rising as the East-West pipeline hit 5.8 million barrels a day, according to Saudi Energy Minister Prince Abdulaziz bin Salman on Tuesday. Around 12 million barrels per day of crude oil and 2 million bpd of refined products were leaving the West Asia on tankers in the last 7 to 10 days, the head of Vitol said. However, Saudi Arabia's airports in Jazan and Najran were targeted in two attacks on Monday evening, the Saudi aviation authority said, as hostilities between the kingdom and Yemen's Iran-backed Houthis escalated. The attacks ?occurred as Saudi-backed Yemeni government forces pressed a major offensive to retake territory from the Houthis, after weeks of rebel advances, with Riyadh stepping up airstrikes in support of the campaign. Attacks and refinery outages are "likely to keep ?the cracks elevated and scarcity will transmit to crude. Prices will stay elevated near a $100 level without any material ?de-escalation emerging," said Mukesh Sahdev, chief oil analyst at X Analysts in Sydney. US-Iran relations are no closer to repair with US President Donald Trump saying on Tuesday that nobody knew who was running Iran during the ?eight-month US-Israeli war with Iran. "Their leaders are gone, their second group of leaders are gone, and the biggest problem I have is nobody knows who the hell is running the country," Trump said. Iran's foreign ministry spokesman ?said on Sunday Washington knows very well who their counterpart is in Iran and how the decision-making system in Iran works. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 07 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty may move towards 22,900, says MOFSL; shares 3 stock ideas First Published: Oct 07 2026 | 7:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 07 2026 | 12:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 07 2026 | 12:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 06 2026 | 11:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 06 2026 | 9:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty ended 0.98 per cent higher at 22,776.1, while the Sensex gained 0.95 per cent to close at 73,067.81 on Tuesday First Published: Oct 06 2026 | 8:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 06 2026 | 8:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to experts, while the debt fund inflows were led by short-term institutional investments, the active equity fund inflows were driven by systematic investment plan (SIP) inflows First Published: Oct 06 2026 | 7:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Analysts and brokers have mixed views on whether growth will be back for the company First Published: Oct 06 2026 | 7:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Analysts and brokers have mixed views on whether growth will be back for the company First Published: Oct 06 2026 | 7:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 06 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Anupam Kumar, chief executive officer and managing director, L&T Realty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Anupam Kumar, chief executive officer and managing director, L&T Realty First Published: Oct 06 2026 | 7:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Anupam Kumar, chief executive officer and managing director, L&T Realty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GCPL stock rallied over 4% after the consumer goods major forecast double-digit operating profit growth for Q2FY27 despite commodity headwinds. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GCPL stock rallied over 4% after the consumer goods major forecast double-digit operating profit growth for Q2FY27 despite commodity headwinds. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The footwear company has added 20 stores to its existing network of 300 stores in India since the start of the year This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 06 2026 | 6:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Moonshot’s deal shows that Hong Kong’s AI-driven fundraising boom is showing little sign of slowing after a record summer First Published: Oct 06 2026 | 6:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
E-commerce firm Meesho reported a 152 per cent year-on-year surge in net merchandise value via its Content Commerce ecosystem, driven largely by creators in non-metro India. First Published: Oct 06 2026 | 5:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 06 2026 | 5:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 06 2026 | 5:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The World Bank said private investment in AI in India more than tripled to USD 4.1 billion in 2025 from USD 1.2 billion in 2024 India is among the top 10 leading emerging-market performers in artificial intelligence (AI) readiness and is well positioned to harness the technology, helped by its large technical workforce, globally integrated IT sector and digital public infrastructure, the World Bank said on Tuesday. In its latest report titled 'India and Artificial Intelligence: Seizing the Development Opportunity', the World Bank said private investment in AI in India more than tripled to USD 4.1 billion in 2025 from USD 1.2 billion in 2024. At the same time, the number of professionals employed by Global Capability Centres (GCCs) rose to 2.36 million in 2025 from 1.9 million a year ago, it said. The report, however, noted that the long-term economic and labour market impact of AI remains uncertain. It called for cross-cutting policy measures to deepen AI-enabling infrastructure, improve the business environment, broaden access to AI and enhance labour capacity so that the benefits of the technology are widely shared. "India is one of the top 10 leading emerging-market performers on AI readiness," said Paul Procee, World Bank Acting Country Director for India. "Harnessing AI as a development tool not just a technology could be one of the most powerful levers India has to boost productivity and improve public services," he said. The World Bank Group is also investing through AgriConnect in 'small AI' targeted and locally adapted tools aimed at ensuring that the benefits of AI reach a wider section of the population while supporting workers through the transition, he said. The India Development Update is a companion to the World Bank Group's South Asia Economic Update, which examines economic developments and prospects in the region. The latest South Asia Economic Update projects that South Asia will grow 6.9 per cent in 2026, retaining its position as the world's fastest-growing region, the report said. For most of South Asia, the biggest gains from AI are likely to come from adopting and adapting the technology to local conditions, including through small AI applications suited to low-resource settings, it said. The report said complementary measures would also be needed to reduce barriers to AI adoption by small firms, promote local AI innovation and establish a clear regulatory framework that reduces uncertainty while safeguarding data security and privacy. "The adoption of AI has the potential to transform South Asia's development trajectory by boosting labour productivity, expanding export opportunities, and improving public service delivery," said Franziska Ohnsorge, World Bank Group Chief Economist for Asia. "But to reap these benefits, governments need to address the foundational gaps that hold back adoption," she said. The Update recommended strengthening workforce skills, creating a more business-enabling environment and improving physical as well as digital infrastructure. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 06 2026 | 4:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BS Marketing Initiative First Published: Oct 06 2026 | 4:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 06 2026 | 4:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Union cabinet cleared a ?10,000 crore alternative investment fund to help small and medium enterprises expand operational capacity. First Published: Oct 06 2026 | 4:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Union cabinet cleared a ?10,000 crore alternative investment fund to help small and medium enterprises expand operational capacity. First Published: Oct 06 2026 | 4:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The majority of the fund's allocation will be directed towards manufacturing-focused SMEs First Published: Oct 06 2026 | 3:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The majority of the fund's allocation will be directed towards manufacturing-focused SMEs First Published: Oct 06 2026 | 3:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company filed its preliminary IPO papers on July 2 with the Securities and Exchange Board of India (Sebi) and obtained the regulator's final observation on October 6. Swara Baby Products, a contract manufacturer of baby diapers, adult diapers and feminine hygiene products backed by FirstCry, received Sebi's approval on Tuesday to proceed with its proposed ?1,000 crore Initial Public Offering (IPO), an update with the regulator showed. The proposed IPO comprises a fresh issue of equity shares aggregating up to ?500 crore and an offer for sale (OFS) valued at ?500 crore by promoters, according to the draft red herring prospectus (DRHP). The OFS includes the sale of shares worth up to ?300 crore by Brainbees Solutions Ltd and up to ?200 crore by Anadya Bon Merchari LLP. The company filed its preliminary IPO papers on July 2 with the Securities and Exchange Board of India (Sebi) and obtained the regulator's final observation on October 6. The Sebi observations mark an important step in the IPO process, allowing companies to proceed with preparations for their public issues, subject to applicable regulatory requirements. As per the draft papers, the company proposes to utilise the net proceeds from the fresh issue to set up a new manufacturing facility in Madhya Pradesh with an allocation of ?198.2 crore, repay or prepay borrowings amounting to ?100 crore, and invest ?27.5 crore in subsidiaries Solis Hygiene, Swara Hygiene and K.A. Enterprises Hygiene Pvt Ltd (KAEHPL) for repayment of their outstanding borrowing. Additionally, funds will be used to pursue inorganic growth through acquisitions and for general corporate purposes. Swara Baby may also undertake a pre-IPO placement of up to ?100 crore. Founded in 2018, Swara Baby manufactures disposable hygiene products across baby care, adult incontinence and feminine hygiene segments. Its portfolio includes baby diapers, adult diapers, sanitary napkins and panty liners, primarily manufactured under contract for consumer brands. The company supplies products to customers, including Brainbees Solutions, Piramal Pharma and Himalaya Wellness Company. It also markets its own brands, Cuddles and Shield, through online and modern retail channels. In December 2025, it acquired KA Enterprises Hygiene Pvt Ltd, a manufacturer of feminine hygiene products. It operates four manufacturing facilities across Pithampur and Indore in Madhya Pradesh. For FY26, the company reported revenue from operations of ?1,163.9 crore, compared with ?942.97 crore in FY25. Profit after tax stood at ?95.58 crore in FY26 against ?80.67 crore in the previous financial year. JM Financial and Avendus Capital are the book-running lead managers to the issue. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 06 2026 | 3:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company filed its preliminary IPO papers on July 2 with the Securities and Exchange Board of India (Sebi) and obtained the regulator's final observation on October 6. Swara Baby Products, a contract manufacturer of baby diapers, adult diapers and feminine hygiene products backed by FirstCry, received Sebi's approval on Tuesday to proceed with its proposed ?1,000 crore Initial Public Offering (IPO), an update with the regulator showed. The proposed IPO comprises a fresh issue of equity shares aggregating up to ?500 crore and an offer for sale (OFS) valued at ?500 crore by promoters, according to the draft red herring prospectus (DRHP). The OFS includes the sale of shares worth up to ?300 crore by Brainbees Solutions Ltd and up to ?200 crore by Anadya Bon Merchari LLP. The company filed its preliminary IPO papers on July 2 with the Securities and Exchange Board of India (Sebi) and obtained the regulator's final observation on October 6. The Sebi observations mark an important step in the IPO process, allowing companies to proceed with preparations for their public issues, subject to applicable regulatory requirements. As per the draft papers, the company proposes to utilise the net proceeds from the fresh issue to set up a new manufacturing facility in Madhya Pradesh with an allocation of ?198.2 crore, repay or prepay borrowings amounting to ?100 crore, and invest ?27.5 crore in subsidiaries Solis Hygiene, Swara Hygiene and K.A. Enterprises Hygiene Pvt Ltd (KAEHPL) for repayment of their outstanding borrowing. Additionally, funds will be used to pursue inorganic growth through acquisitions and for general corporate purposes. Swara Baby may also undertake a pre-IPO placement of up to ?100 crore. Founded in 2018, Swara Baby manufactures disposable hygiene products across baby care, adult incontinence and feminine hygiene segments. Its portfolio includes baby diapers, adult diapers, sanitary napkins and panty liners, primarily manufactured under contract for consumer brands. The company supplies products to customers, including Brainbees Solutions, Piramal Pharma and Himalaya Wellness Company. It also markets its own brands, Cuddles and Shield, through online and modern retail channels. In December 2025, it acquired KA Enterprises Hygiene Pvt Ltd, a manufacturer of feminine hygiene products. It operates four manufacturing facilities across Pithampur and Indore in Madhya Pradesh. For FY26, the company reported revenue from operations of ?1,163.9 crore, compared with ?942.97 crore in FY25. Profit after tax stood at ?95.58 crore in FY26 against ?80.67 crore in the previous financial year. JM Financial and Avendus Capital are the book-running lead managers to the issue. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 06 2026 | 3:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 06 2026 | 3:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 06 2026 | 3:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Newly-listed Steamhouse India hits 10% upper circuit after Q1 results First Published: Oct 06 2026 | 3:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Airfare strength may drive IndiGo's Q2 profit 176% higher: Elara First Published: Oct 06 2026 | 2:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries gains 3% as Jio IPO plan fuels hopes of value unlocking First Published: Oct 06 2026 | 2:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries gains 3% as Jio IPO plan fuels hopes of value unlocking First Published: Oct 06 2026 | 2:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Meesho share price jumped 5% in Tuesday's trading session. First Published: Oct 06 2026 | 2:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock prices of specialty chemicals makers zoomed up to 20% in Tuesday's trade. First Published: Oct 06 2026 | 2:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dabur India stock gained 4% in Tuesday's intraday trade on upbeat Q2 business update. First Published: Oct 06 2026 | 1:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 06 2026 | 1:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 06 2026 | 1:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investors are also increasingly backing platforms that operate across multiple cities rather than placing capital in individual assets. First Published: Oct 06 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mirae Asset sees oil volatility to persist; prices may stay near $100 First Published: Oct 06 2026 | 12:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 06 2026 | 12:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tilaknagar Inds: HDFC Sec keeps 'buy', bets on Imperial Blue's growth story First Published: Oct 06 2026 | 12:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investors should buy companies with low leverage, said Monarch PMS. First Published: Oct 06 2026 | 12:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tilaknagar Inds: HDFC Sec keeps 'buy', bets on Imperial Blue's growth story First Published: Oct 06 2026 | 12:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 06 2026 | 12:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asset class-wise, offices attracted the most, with 35 per cent of the total PE inflows, compared to the 36 per cent share in FY26 First Published: Oct 06 2026 | 12:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 06 2026 | 11:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Honasa Consumer share price surged 10% in Tuesday's tradin session. First Published: Oct 06 2026 | 11:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 06 2026 | 11:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Civil Aviation Minister K Rammohan Naidu Civil Aviation Minister K Rammohan Naidu on Tuesday said the ministry is in discussions with airlines and oil marketing companies on high jet fuel prices due to the West Asia crisis. Airlines are facing headwinds due to the rising prices of Aviation Turbine Fuel (ATF), which accounts for around 40 per cent of a carrier's operational costs. "One of the most important things is how the West Asia crisis is putting a big burden on ATF prices. We are in discussions with airlines and OMCs (Oil Marketing Companies)," Naidu said on the sidelines of a conference in the national capital on Tuesday. On Monday, the country's largest airline IndiGo announced a hike in fuel surcharge for domestic and international flights in the wake of rising jet fuel prices. IndiGo had said ATF prices have remained volatile in recent months, especially following the geopolitical situation in the Middle East. According to the airline, the continuous rise in fuel prices, with the latest month-on-month increase exceeding 14 per cent, has taken ATF costs to levels that are amongst the highest in the last decade. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 06 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sterlite Tech gains 5% as Nomura initiates coverage with 'Buy' call First Published: Oct 06 2026 | 11:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Oct 06 2026 | 11:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 06 2026 | 11:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vedanta to announce 1st dividend after demerger this week; stock up 4% First Published: Oct 06 2026 | 10:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 06 2026 | 10:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Strong power demand also led to a 281 per cent increase in buy bids in the Day Ahead Market. First Published: Oct 06 2026 | 10:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 06 2026 | 10:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 06 2026 | 10:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Passenger vehicle retails were the best-ever September sales with urban and rural growing (markets) almost in lockstep at 32.11 per cent and +32.09 per cent YoY, respectively Passenger vehicle retail sales in India rose a robust 32.1 per cent year-on-year to 427,213 units in September even as the total automobile retail sales for the month were 25,36,920 units, registering a growth of 31.82 per cent over September 2025, Federation of Indian Automobile Dealers (Fada) said on Tuesday. Two-wheelers' demand for the previous month recorded a 33.08 per cent at 17,90,188 units against 13,45,153 units in September 2025, while three-wheeler sales stood at 132,570 units, up 22.25 per cent from 1,08,444 units in the year-ago period. At the same time, commercial vehicle sales grew 37.62 per cent year-on-year in September 2026 at 103,557 units, Fada said in a statement. "September'26 was the best-ever September in Indian auto retail, with the industry registering 25,36,920 units, up 31.82 per cent YoY, which is the most base distorted print of the year -- a mirror of last September, when buyers deferred purchases in the week before GST 2.0 took effect on September 22, 2025," said Sai Giridhar, President, Fada. It was the best-ever September across five of the Fada's six categories and, with it, the best-ever first half of any financial year at 1,55,12,319 units (+20.77 per cent), he said, adding that retail rose 4.69 per cent over August; and even setting the distorted September aside, FY27's first five months grew about 17 per cent, which is the truer underlying run-rate. Passenger vehicle retails were the best-ever September sales with urban and rural growing (markets) almost in lockstep at 32.11 per cent and +32.09 per cent YoY, respectively, Fada said. The fuel mix offered the month's most watched signal: after alternative fuels overtook petrol for the first time in August, September saw the two settle into a near dead-heat, with petrol nudging marginally back ahead at 41.27 per cent against alternative fuels' 41 per cent (CNG at 23.11 per cent, hybrid 9.44 per cent, EV 8.45 per cent), it said. The August crossover was therefore an inflection, not a decisive flip with petrol and alternative fuels now effectively at parity, trading the lead month to month, even as EV share rose to a fresh high and CNG eased. "One year on from GST 2.0, affordability remains the single engine of this cycle -- and dealers now flag further price increases eroding that very affordability as their foremost risk for the quarter ahead. Protecting the GST gain is, to our mind, the key to converting the festive season into durable growth," Girdhar added. Fada said that overall, the outlook for October appears "cautiously optimistic" -- with festive conversion on auspicious days the key swing factor. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 06 2026 | 10:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Private banking stocks rally up to 4% on Tuesday, a day prior to the RBI policy decision. First Published: Oct 06 2026 | 10:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rural demand is closely linked to the monsoon, and patchy rainfall coupled with extended ?dry spells can pressure farm incomes and ?delay cash flows First Published: Oct 06 2026 | 10:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee declined 4 paise to 96.39 against the US dollar in early trade on Tuesday over a rise in crude oil prices and sustained FII outflows. However, positive sentiments in the domestic equity markets and a weaker dollar index cushioned the local unit against further decline, forex traders said. At the interbank foreign exchange, the rupee opened at 96.29 but fell to 96.39, down 4 paise from its previous close. The rupee depreciated 10 paise to close at 96.35 against the US dollar on Monday. "The Reserve Bank has been protecting the rupee from its fall at 96.33 but the demand of dollar from FPIs and oil companies has not come down despite oil falling to USD 100.63 per barrel and dollar index to 102.12," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. The Reserve Bank's Monetary Policy Committee began its three-day meeting on Monday and is likely to raise rates by 25 basis points, aligning with the central banks' hawkish stance amid escalating conflict in West Asia that poses risks for domestic inflation. The last repo rate hike was in February 2023, when the RBI raised the rate by 0.25 per cent to 6.50 per cent. It kept the rate unchanged through 2023-24 before beginning its rate-cut cycle in 2025. Currently, the RBI's policy repo rate stands at 5.25 per cent. Meanwhile, the dollar index, which gauges the strength of the greenback against a basket of six currencies, was trading at 102.12, lower by 0.04 per cent. Brent crude, the global oil benchmark, was trading higher by 0.23 per cent at USD 100.6 per barrel in futures trade. On the domestic equity market front, Sensex advanced 120.22 points to 72,535.41 in early trade, while Nifty also rose 47.15 points to 22,603.10. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,699.14 crore on a net basis on Monday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 06 2026 | 10:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Q1 results impact: Rentomojo shares jump 6% on first earnings post-listing First Published: Oct 06 2026 | 10:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Officials expect the rate structure to be reviewed only once a year henceforth, and any changes will take effect from April 1, not in the middle of the financial year GST Council may consider ITC rationalisation for real estate, construction GST reforms agenda: Businesses likely to get wider motor vehicle ITC Centre expands permissible works under VB-G RAM G by 41% over MGNREGA Stock Market LIVE: Trent, RIL lead 300-point gains in Sensex; Honasa Consumer jumps 11% GST Council meeting rescheduled again, to take place on October 8 Automobile retail sales surge 31.82% in September on strong demand RBI told Tata Sons to find lawful course, not to list: SDTT trustees Spot market power prices more than doubled in September on high demand: IEX Asian Games 2026 State of States Elon Musk is a trillionaire again as SpaceX claws back post-IPO slump SC seeks ECI reply on SIR decisions, says modified Form 6 not approved Jeffrey Archer, novelist whose real life rivaled his thrillers, dies at 86 Maharashtra imposes statewide 10% water cut: All you need to know Pak, Saudi, Turkey agree on rapid force deployment amid Houthi attacks How light, heavy carmakers' fuel-efficiency dispute came to an amicable end McDonald's supplier HyFun plans ?2,000 crore IPO by 2028 as demand rises Sebi launches nationwide investor campaign, cautions against finfluencers Govt may tap Taiwan, Singapore institutes to build chip talent pool Gold is 26% below its 2026 peak. Buy now or wait? What investors should do Higher capex, subsidies widen Apr-Aug fiscal deficit to ?7.1 trillion Sonu Nigam buys two Andheri offices for ?16 cr, adds to ?1 cr Aston office Sonal Varma This RBI cycle looks different Ajay Chhibber Banking for Viksit Bharat Vanita Kohli-Khandekar The search for good writing Fewer women commute to work, spend much less than men: NSO survey Higher capex, subsidies widen Apr-Aug fiscal deficit to ?7.1 trillion IndiGo raises fuel surcharge on domestic, int'l flights as ATF rises DMart needs consistent growth metrics to support premium valuations Traders cautious amid Brent pullback; markets likely to stay volatile GST Council Proposed GST changes aim to make India's services exports more competitive GST Council GST Council may give export status to clinical trials for overseas sponsors GST Council GST Council may set different timelines for services, capital goods refunds Trent Ltd Tata Consultancy Services Ltd Angel One Ltd Axis Bank Ltd Bandhan Bank Ltd Rentomojo Ltd SRIT India Ltd GE Vernova T&D India Ltd Siemens Energy India Ltd This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Capital market-related stocks rallied up to 3% on Tuesday on hopes that SEBI may revisit CAS norms. First Published: Oct 06 2026 | 10:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Officials expect the rate structure to be reviewed only once a year henceforth, and any changes will take effect from April 1, not in the middle of the financial year GST Council may consider ITC rationalisation for real estate, construction GST reforms agenda: Businesses likely to get wider motor vehicle ITC Centre expands permissible works under VB-G RAM G by 41% over MGNREGA Stock Market LIVE: Trent, RIL lead 300-point gains in Sensex; Honasa Consumer jumps 11% GST Council meeting rescheduled again, to take place on October 8 Automobile retail sales surge 31.82% in September on strong demand RBI told Tata Sons to find lawful course, not to list: SDTT trustees Spot market power prices more than doubled in September on high demand: IEX Asian Games 2026 State of States Elon Musk is a trillionaire again as SpaceX claws back post-IPO slump SC seeks ECI reply on SIR decisions, says modified Form 6 not approved Jeffrey Archer, novelist whose real life rivaled his thrillers, dies at 86 Maharashtra imposes statewide 10% water cut: All you need to know Pak, Saudi, Turkey agree on rapid force deployment amid Houthi attacks How light, heavy carmakers' fuel-efficiency dispute came to an amicable end McDonald's supplier HyFun plans ?2,000 crore IPO by 2028 as demand rises Sebi launches nationwide investor campaign, cautions against finfluencers Govt may tap Taiwan, Singapore institutes to build chip talent pool Gold is 26% below its 2026 peak. Buy now or wait? What investors should do Higher capex, subsidies widen Apr-Aug fiscal deficit to ?7.1 trillion Sonu Nigam buys two Andheri offices for ?16 cr, adds to ?1 cr Aston office Sonal Varma This RBI cycle looks different Ajay Chhibber Banking for Viksit Bharat Vanita Kohli-Khandekar The search for good writing Fewer women commute to work, spend much less than men: NSO survey Higher capex, subsidies widen Apr-Aug fiscal deficit to ?7.1 trillion IndiGo raises fuel surcharge on domestic, int'l flights as ATF rises DMart needs consistent growth metrics to support premium valuations Traders cautious amid Brent pullback; markets likely to stay volatile GST Council Proposed GST changes aim to make India's services exports more competitive GST Council GST Council may give export status to clinical trials for overseas sponsors GST Council GST Council may set different timelines for services, capital goods refunds Trent Ltd Tata Consultancy Services Ltd Angel One Ltd Axis Bank Ltd Bandhan Bank Ltd Rentomojo Ltd SRIT India Ltd GE Vernova T&D India Ltd Siemens Energy India Ltd This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Officials expect the rate structure to be reviewed only once a year henceforth, and any changes will take effect from April 1, not in the middle of the financial year GST Council may consider ITC rationalisation for real estate, construction GST reforms agenda: Businesses likely to get wider motor vehicle ITC Centre expands permissible works under VB-G RAM G by 41% over MGNREGA Stock Market LIVE: Trent, RIL lead 300-point gains in Sensex; Honasa Consumer jumps 11% GST Council meeting rescheduled again, to take place on October 8 Automobile retail sales surge 31.82% in September on strong demand RBI told Tata Sons to find lawful course, not to list: SDTT trustees Spot market power prices more than doubled in September on high demand: IEX Asian Games 2026 State of States Elon Musk is a trillionaire again as SpaceX claws back post-IPO slump SC seeks ECI reply on SIR decisions, says modified Form 6 not approved Jeffrey Archer, novelist whose real life rivaled his thrillers, dies at 86 Maharashtra imposes statewide 10% water cut: All you need to know Pak, Saudi, Turkey agree on rapid force deployment amid Houthi attacks How light, heavy carmakers' fuel-efficiency dispute came to an amicable end McDonald's supplier HyFun plans ?2,000 crore IPO by 2028 as demand rises Sebi launches nationwide investor campaign, cautions against finfluencers Govt may tap Taiwan, Singapore institutes to build chip talent pool Gold is 26% below its 2026 peak. Buy now or wait? What investors should do Higher capex, subsidies widen Apr-Aug fiscal deficit to ?7.1 trillion Sonu Nigam buys two Andheri offices for ?16 cr, adds to ?1 cr Aston office Sonal Varma This RBI cycle looks different Ajay Chhibber Banking for Viksit Bharat Vanita Kohli-Khandekar The search for good writing Fewer women commute to work, spend much less than men: NSO survey Higher capex, subsidies widen Apr-Aug fiscal deficit to ?7.1 trillion IndiGo raises fuel surcharge on domestic, int'l flights as ATF rises DMart needs consistent growth metrics to support premium valuations Traders cautious amid Brent pullback; markets likely to stay volatile GST Council Proposed GST changes aim to make India's services exports more competitive GST Council GST Council may give export status to clinical trials for overseas sponsors GST Council GST Council may set different timelines for services, capital goods refunds Trent Ltd Tata Consultancy Services Ltd Angel One Ltd Axis Bank Ltd Bandhan Bank Ltd Rentomojo Ltd SRIT India Ltd GE Vernova T&D India Ltd Siemens Energy India Ltd This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 06 2026 | 9:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Trent has been on a rapid expansion spree and opened the 1000th Zudio Store during the quarter. First Published: Oct 06 2026 | 9:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Trent has been on a rapid expansion spree and opened the 1000th Zudio Store during the quarter. First Published: Oct 06 2026 | 9:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 06 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HyFun counts Indian coffee chain Blue Tokai, PVR Cinemas and Wow Chicken among its customers (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 06 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India’s peak power demand touched 269 gigawatts (GW) on September 10, while energy consumption during the month reached 162 BU, up 11 per cent year-on-year, according to government data cited by IEX First Published: Oct 06 2026 | 9:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold falls 26% from peak: Why analysts still remain bullish for the long term First Published: Oct 06 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GEC-III boosts outlook for T&D sector; GE Vernova among top bets: MOFSL First Published: Oct 06 2026 | 9:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dhananjay Sinha First Published: Oct 06 2026 | 8:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TCS Q2 preview, dividend: Analysts see modest growth; PAT may rise by 13% First Published: Oct 06 2026 | 8:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian stocks rose on Tuesday after a tech-fuelled rally lifted the Nasdaq to a record close, with a retreat in oil prices offering further support even as longer-dated Treasury yields hovered near multi-decade highs. The euro languished near 17-month lows after briefly touching $1.116 overnight, pressured by mounting fiscal concerns in France. Investors dumped French government bonds after an underwhelming budget, while political uncertainty deepened after Spanish Prime Minister Pedro Sanchez called a snap ?election. Brent crude was little changed at $100 a barrel after losing 1.9% overnight as exports from the Middle East increased and the Group of Seven nations pledged to boost supplies. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%, while Japan's Nikkei gained 0.7%. European stock futures climbed 0.5%. Nasdaq futures edged up 0.2% and S&P 500 futures rose 0.1%. The Nasdaq notched up a record close overnight, buoyed by softer-than-expected jobs data that dampened expectations for a rate hike from the Federal Reserve this month. AI heavyweight Nvidia climbed 2.1%, reaching a record-high close and boosting its market value to $5.76 trillion. "The rally in the market was tech led once again, with the marginal easing of interest rate uncertainty along with a slight moderation in geopolitical risk allowing market participants to focus on the extraordinary earnings growth being delivered by AI names," said Kyle Rodda, a senior analyst at Capital.com. The third-quarter earnings season kicks off next ?week. Goldman Sachs estimated consensus forecasts point to 27% growth in S&P 500 earnings last quarter, with more than half that growth from companies benefiting from AI infrastructure spending. Latin American markets also climbed, led by a rally in Brazilian stocks and the real currency, after right-wing Senator Flavio Bolsonaro outperformed poll predictions in the first round of the presidential election and advanced to a runoff against leftist incumbent Luiz Inacio Lula da Silva. BOND ROUT PERSISTS The relentless climb in Treasury yields continued even as markets scaled back bets for an interest rate rise this month from the Federal Reserve to just 23% from 71% a week ago, after top policymakers stressed the need for more data before tightening again. US 10- and 30-year Treasury yields hit fresh 24-year highs overnight, capping a steady climb since mid-August driven by inflation and debt ?concerns. An ISM survey showed a measure of prices paid by services businesses for inputs jumped to the highest level in more than four years. The 10-year Treasury yield was steady in Asia at 5.3089%, after climbing 3 basis points overnight to hit 5.3493%, the highest since 2002, ?while 30-year yields held at 5.6622%, having briefly reached 5.7029% overnight. The selloff in French bonds calmed a little, with the premium investors demand to ?hold French 10-year bonds over safer German debt narrowing to 137 basis points on Monday. The euro nursed losses at $1.1215, after falling as much as 0.8% to $1.116 overnight, its weakest since May 2025. It traded at 177 yen, having been down for seven straight sessions, ?around the lowest since November last year. "Deep divisions in France's parliament raises the risk that the proposed fiscal consolidation is diluted or that the government faces a no-confidence vote," said Joseph Capurso, head of international economics at the Commonwealth Bank of Australia. "EUR/USD will likely test ?support at 1.1109." That kept the US dollar firm, with the dollar index at 102.2 after a weekly rise of 0.9%. Spot gold was little changed at $4,141.31 an ounce. [GOL/] (Reporting by Stella Qiu; Editing by Sonali Paul) (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 06 2026 | 8:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 06 2026 | 8:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Crude exports from the West Asia exceeded pre-war levels on four days during the last week of September, shipping data showed Oil prices down on Tuesday as resilient West Asian crude exports and a G7 emergency stockpile release eased supply concerns, though attacks by Yemen's Houthis on Saudi targets kept traders wary of risks to Gulf supplies. Brent ?crude futures lost 4 cents to $100.28 a barrel by 0003 GMT, while US West Texas Intermediate crude futures fell 11 cents, or 0.1%, to $89.33 a barrel. "Oil is little changed after yesterday's decline as traders continue to digest a modest easing in supply-side anxiety," said KCM Trade chief analyst Tim Waterer. "The pickup in Saudi export numbers and the G7 decision to release strategic reserves are helping keep a lid on prices for now, even while Brent remains anchored around the $100 ?level," he said. Crude exports from the West Asia exceeded pre-war levels on four days during the last week of September, shipping data showed on Monday, underscoring the resilience of regional oil flows despite attacks on ships passing through the Strait of Hormuz. Further easing supply concerns, G7 countries agreed on Friday to release 100 million barrels of diesel and crude from emergency reserves and pledged to refrain from energy export restrictions after pressure from ?US President Donald Trump. However, the conflict between Saudi Arabia and Iran-backed Houthi forces in Yemen continued to fuel concerns over potential disruptions to ?supply from the region's largest oil exporter amid a stalemate in US-Iran talks. Yemen's ?Houthis said on Monday they had carried out attacks on several sites in Saudi Arabia, including King Khalid International Airport in Riyadh, an ?Aramco refinery in Rabigh and Abha airport. There was no immediate Saudi confirmation. Without a clear diplomatic breakthrough or a further material improvement in export efficiency, ?the floor under prices looks reasonably firm, Waterer said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 06 2026 | 8:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Commerce Minister Piyush Goyal on Monday met US business leaders and discussed opportunities to further deepen partnerships and investments in India. Goyal met Jonathan Gray, President & COO of Blackstone, George Walker, Chairman and CEO of Nueberger Berman, and Stephane de La Faverie, President & CEO of The Estee Lauder Companies in New York. "Held a productive meeting with Mr. Jonathan Gray, President & COO of @Blackstone along with Mr. Prakash Melwani, Chairman of Blackstone's International Private Equity business," Goyal said in a post on X. "Discussed opportunities to deepen Blackstone's investment and partnership in India and explored avenues across key sectors. I look forward to our continued engagement and stronger collaboration," the minister said. Goyal also held a productive meeting with. George Walker, Chairman & CEO of Neuberger Berman, along with Anthony Tutrone, Global Head of Neuberger Markets; Andrew Komaroff, COO; and Zain Naqi, Managing Director. "Discussed opportunities to deepen investment linkages with India and strengthen partnerships across financial and wealth management," the minister said. He said with resilient macroeconomic fundamentals and deepening capital markets, India offers unmatched scale and long-term value creation for global institutional investors. Goyal also held a meeting with Stephane de La Faverie, President & CEO of The Estee Lauder Companies in New York. "Discussed opportunities for the company to further strengthen its presence in India through greater manufacturing, sourcing from India & leveraging the country's growing beauty & personal care market," Goyal said. Goyal was in the US to participate in the G20 Trade Ministers' Meeting. He also met US business leaders in Chicago and addressed the Indian diaspora. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 06 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex may open slightly higher on Tuesday. First Published: Oct 06 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock ideas for today: Kotak Sec is bullish on HAL & one more stock First Published: Oct 06 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 06 2026 | 12:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 06 2026 | 12:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
CIL’s overall coal offtake in the first half of FY27 stood at 384.2 MT, up 7.6 per cent from 357 MT in the year-ago period First Published: Oct 05 2026 | 8:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 05 2026 | 8:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 05 2026 | 8:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Marking the first anniversary of the India-European Free Trade Association (EFTA) trade agreement, the Trade and Economic Partnership Agreement (TEPA), the two countries agreed to set up a “special group” to discuss trade- and investment-related conc First Published: Oct 05 2026 | 8:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Marking the first anniversary of the India-European Free Trade Association (EFTA) trade agreement, the Trade and Economic Partnership Agreement (TEPA), the two countries agreed to set up a “special group” to discuss trade- and investment-related conc First Published: Oct 05 2026 | 8:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A Macquarie report says that growth is skewed towards deposits rather than AUM and that its CASA is weak. However, brokers also noted a 33 per cent upside potential for the bank's share price First Published: Oct 05 2026 | 7:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The increase in adoption of the Benchmark Issuance Strategy could also keep actual borrowing close to the indicated calendar, ICRA said | Representative Picture First Published: Oct 05 2026 | 7:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The increase in adoption of the Benchmark Issuance Strategy could also keep actual borrowing close to the indicated calendar, ICRA said | Representative Picture First Published: Oct 05 2026 | 7:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The increase in adoption of the Benchmark Issuance Strategy could also keep actual borrowing close to the indicated calendar, ICRA said | Representative Picture First Published: Oct 05 2026 | 7:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The increase in adoption of the Benchmark Issuance Strategy could also keep actual borrowing close to the indicated calendar, ICRA said | Representative Picture First Published: Oct 05 2026 | 7:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 05 2026 | 6:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
R. Dinesh, Director, TVS Automobile Solutions & Badr Jafar, chief executive officer of Crescent Enterprises First Published: Oct 05 2026 | 5:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
R. Dinesh, Director, TVS Automobile Solutions & Badr Jafar, chief executive officer of Crescent Enterprises First Published: Oct 05 2026 | 5:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
R. Dinesh, Director, TVS Automobile Solutions & Badr Jafar, chief executive officer of Crescent Enterprises First Published: Oct 05 2026 | 5:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
R. Dinesh, Director, TVS Automobile Solutions & Badr Jafar, chief executive officer of Crescent Enterprises First Published: Oct 05 2026 | 5:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
R. Dinesh, Director, TVS Automobile Solutions & Badr Jafar, chief executive officer of Crescent Enterprises First Published: Oct 05 2026 | 5:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 05 2026 | 5:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 05 2026 | 5:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 05 2026 | 4:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SpiceJet on Monday said DGCA's regulatory monitoring should not be construed as a fresh finding of safety deficiencies against the airline. In a clarification to the BSE, the budget carrier, which has been facing operational and financial headwinds, said it was aware of the Directorate General of Civil Aviation's (DGCA) regulatory monitoring. DGCA routinely undertakes safety audits, surveillance and spot checks of airlines as part of its regulatory oversight. SpiceJet has also undergone various such regulatory exercises in the past, and the regulatory monitoring should not be construed or represented as a new declaration or finding of safety concerns against the company, it said in a filing. The stock exchange had sought a clarification from SpiceJet on September 22 after Civil Aviation Minister K Rammohan Naidu said the airline was under DGCA scrutiny. "The current regulatory monitoring/review relating to the company's broader operational and financial position may not be equated with, or represented as, a fresh finding of safety deficiencies against the company," the filing said. In August, the airline's domestic market share declined to 1.2 per cent from 1.6 per cent in July. Shares of SpiceJet dropped over 2 per cent to ?9.10 apiece in late afternoon trade on the BSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 05 2026 | 3:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 05 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 05 2026 | 3:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 05 2026 | 3:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 05 2026 | 3:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sterlite Technologies share price has rallied over 1,000% from its calendar year low hit in January 2026. First Published: Oct 05 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sterlite Technologies share price has rallied over 1,000% from its calendar year low hit in January 2026. First Published: Oct 05 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sterlite Technologies share price has rallied over 1,000% from its calendar year low hit in January 2026. First Published: Oct 05 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sterlite Technologies share price has rallied over 1,000% from its calendar year low hit in January 2026. First Published: Oct 05 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank of India (RBI) on Monday absorbed ?2,10,192 crore liquidity from the banking system through two overnight Variable Rate Reverse Repo (VRRR) auctions, amid huge surplus liquidity in the system. During the first auction, the central bank received bids worth ?2,10,688 crore for a notified amount of ?2 trillion. It accepted ?2,00,050 crore at a weighted average rate of 5.24 per cent. However, the response from banks in the second auction was tepid, with just ?10,142 crore in bids for a notified amount of ?50,000 crore, which the central bank accepted fully. Over the last two months, the central bank has undertaken multiple VRRR auctions to absorb excess surplus liquidity from the banking system and align the overnight money market rates to the repo rate. Currently, liquidity in the banking system is estimated to be in surplus of around ?5.16 trillion as on October 4, as per RBI data. The banking system has been flush with liquidity due to heavy mobilisation of FCNR (B) deposits by banks, as the money brought foreign currency into the system, while subsequent swaps with the RBI provided rupee liquidity to banks. Besides FCNR(B) inflows, month-end government expenditure, including payments toward salaries and pensions, also added to liquidity in the banking system. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 05 2026 | 3:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank of India (RBI) on Monday absorbed ?2,10,192 crore liquidity from the banking system through two overnight Variable Rate Reverse Repo (VRRR) auctions, amid huge surplus liquidity in the system. During the first auction, the central bank received bids worth ?2,10,688 crore for a notified amount of ?2 trillion. It accepted ?2,00,050 crore at a weighted average rate of 5.24 per cent. However, the response from banks in the second auction was tepid, with just ?10,142 crore in bids for a notified amount of ?50,000 crore, which the central bank accepted fully. Over the last two months, the central bank has undertaken multiple VRRR auctions to absorb excess surplus liquidity from the banking system and align the overnight money market rates to the repo rate. Currently, liquidity in the banking system is estimated to be in surplus of around ?5.16 trillion as on October 4, as per RBI data. The banking system has been flush with liquidity due to heavy mobilisation of FCNR (B) deposits by banks, as the money brought foreign currency into the system, while subsequent swaps with the RBI provided rupee liquidity to banks. Besides FCNR(B) inflows, month-end government expenditure, including payments toward salaries and pensions, also added to liquidity in the banking system. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 05 2026 | 3:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank of India (RBI) on Monday absorbed ?2,10,192 crore liquidity from the banking system through two overnight Variable Rate Reverse Repo (VRRR) auctions, amid huge surplus liquidity in the system. During the first auction, the central bank received bids worth ?2,10,688 crore for a notified amount of ?2 trillion. It accepted ?2,00,050 crore at a weighted average rate of 5.24 per cent. However, the response from banks in the second auction was tepid, with just ?10,142 crore in bids for a notified amount of ?50,000 crore, which the central bank accepted fully. Over the last two months, the central bank has undertaken multiple VRRR auctions to absorb excess surplus liquidity from the banking system and align the overnight money market rates to the repo rate. Currently, liquidity in the banking system is estimated to be in surplus of around ?5.16 trillion as on October 4, as per RBI data. The banking system has been flush with liquidity due to heavy mobilisation of FCNR (B) deposits by banks, as the money brought foreign currency into the system, while subsequent swaps with the RBI provided rupee liquidity to banks. Besides FCNR(B) inflows, month-end government expenditure, including payments toward salaries and pensions, also added to liquidity in the banking system. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 05 2026 | 3:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 05 2026 | 2:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The quarter experienced no new project launches, Raymond Realty said in a press release. First Published: Oct 05 2026 | 2:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The shares are expected to list on October 28 Indian billionaire Mukesh Ambani's Jio Platforms plans to launch its initial public offering on October 21, seeking to raise about $3.8 billion in what is set to ?be India's biggest listing, two sources familiar with the matter said. The shares are expected to list on October 28. The country's biggest listing to date is Hyundai Motor India's $2.9 billion listing in 2024, while the National Stock Exchange of India made its market debut last month after a $2.3 billion IPO. The sources were not authorised to speak to ?media and declined to comment. Reliance did not respond to a Reuters request for comment. Proceeds from the offering will largely be used to repay debt owed by its telecoms division. Jio Platforms, which counts Meta and Google among its major foreign investors, also runs AI, cloud and enterprise network businesses. India has seen a rush ?of companies coming to market, with proceeds raised during April to September this year marking ?a record for the period. Furthermore, almost 250 companies are in ?the pipeline to raise a combined 4.65 trillion rupees ($48 billion) through IPOs, according to information provider ?PRIME Database. This includes Danish brewer Carlsberg's India business, and hotel aggregator Oyo's parent Prism. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 05 2026 | 2:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Back-to-back lower circuit! ESDS Software sinks 30% in 6 days; here's why First Published: Oct 05 2026 | 1:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sammaan Capital stock in focus due to healthy Q2 disbursements. First Published: Oct 05 2026 | 1:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
After Friday's peace prize is awarded, the Nobel Memorial Prize in Economic Sciences will be announced on October 12. This year's Nobel Prizes will kick off on Monday with the awarding of the medicine prize at the Karolinska Institute in Stockholm. Last year, three scientists won the Nobel Prize in medicine for discoveries about how the immune system knows to attack germs and not our own bodies. The work by Mary E. Brunkow, Fred Ramsdell and Dr. Shimon Sakaguchi uncovered a key pathway the body uses to keep the immune system in check, called peripheral immune tolerance. Experts called the findings critical to understanding autoimmune diseases such as Type 1 diabetes, rheumatoid arthritis and lupus. Monday's medicine prize is followed by the physics prize on Tuesday, chemistry on Wednesday and literature on Thursday. After Friday's peace prize is awarded, the Nobel Memorial Prize in Economic Sciences will be announced on October 12. The prize money this year is 12 million Swedish kronor (about #1.2 million), whether for an individual, small group of laureates or organisation. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 05 2026 | 1:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IT stocks witness a mixed trading session post Accenture's Q4 results. First Published: Oct 05 2026 | 1:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 05 2026 | 12:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nykaa Q2 update: JM sees 'excellent trends' in BPC & Fashion; stock up 5% First Published: Oct 05 2026 | 12:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
LG Electronics India (LGEL) share price hit a record high in Monday's trading session. First Published: Oct 05 2026 | 12:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company plans to launch two joint development agreement projects in Mahim during the current financial year, with a cumulative gross development value (GDV) of more than ?4,100 crore First Published: Oct 05 2026 | 11:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company plans to launch two joint development agreement projects in Mahim during the current financial year, with a cumulative gross development value (GDV) of more than ?4,100 crore First Published: Oct 05 2026 | 11:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company plans to launch two joint development agreement projects in Mahim during the current financial year, with a cumulative gross development value (GDV) of more than ?4,100 crore First Published: Oct 05 2026 | 11:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PSU Bank stocks rallied up to 4% in Monday's trade following September business udpates. First Published: Oct 05 2026 | 11:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PSU Bank stocks rallied up to 4% in Monday's trade following September business udpates. First Published: Oct 05 2026 | 11:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Anupam Tiwari, Head of Equities at Groww Mutual Fund First Published: Oct 05 2026 | 11:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India and the United States have reached a plateau in their trade deal talks, India's Finance Minister Nirmala Sitharaman said on Monday, ?a further sign that the two sides have hit a wall on a crucial deal. Giving or taking more beyond that plateau would be "very, very difficult" for both countries, Sitharaman said at an event in New Delhi. "Maybe if there are rooms to operate from, both sides would do it," she added. US Trade Representative Jamieson ?Greer said last week that an agreement was not imminent, after a meeting with Indian Trade Minister Piyush Goyal in the United States. "It's been a hard and very vigorously negotiated agreement. The negotiations are still ongoing," Sitharaman said. The two countries have been negotiating a trade agreement since February 2025 as ?they seek to deepen economic ties and resolve long-standing market access issues. Sitharaman said the trade ?balance between the two countries was in India's favour ?and the deficit was Washington's. "They would want to reduce that imbalance," she said. Reuters reported earlier ?this year that India was holding out for better terms in the trade deal with the US. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 05 2026 | 11:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank stock outlook by technical analysts at Teji Mandi and Tiny Epic. First Published: Oct 05 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank stock outlook by technical analysts at Teji Mandi and Tiny Epic. First Published: Oct 05 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ahead of the debut, German Green Steel and Power IPO GMP was ?9.5, signalling a listing price of ?148.5 and a premium of 6.8 per cent. First Published: Oct 05 2026 | 10:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Q2 biz update, ?17,500-crore fundraise plan drive Bajaj Finance 4% higher First Published: Oct 05 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Q2 biz update, ?17,500-crore fundraise plan drive Bajaj Finance 4% higher First Published: Oct 05 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Q2 biz update, ?17,500-crore fundraise plan drive Bajaj Finance 4% higher First Published: Oct 05 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 05 2026 | 10:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 05 2026 | 10:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 05 2026 | 10:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
V2 Retail, DMart shares tanked up to 19% in Monday's trading session. First Published: Oct 05 2026 | 10:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 05 2026 | 10:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 05 2026 | 10:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 05 2026 | 10:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Orient Cables shares list on bourses First Published: Oct 05 2026 | 10:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Q2 results today: RentoMojo, LCC Projects, Steamhouse India, and Globe Commercials are among the companies scheduled to announce their financial results for Q2FY27. (Illustration: Ajaya Mohanty) First Published: Oct 05 2026 | 9:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank shares rise 2% as Street cheers Anup Bagchi's appointment as CEO First Published: Oct 05 2026 | 9:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 05 2026 | 9:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 05 2026 | 8:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 05 2026 | 8:43 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brent gave up most of its gains last week while WTI was 1.6% lower after G7 countries agreed on Friday to release 100 million barrels of diesel and crude from emergency reserves Oil prices edged lower on Monday as rising West Asia crude exports and a release of oil stocks by the Group of Seven nations boosted supplies, offsetting concerns about further damage to Gulf oil infrastructure amid the US-Israeli war on Iran. Brent crude futures fell 66 cents, or 0.65%, to $101.59 a barrel at 0240 ?GMT, while US West Texas Intermediate crude was at $90.12 a barrel, down 95 cents, or 1.03%. Brent gave up most of its gains last week while WTI was 1.6% lower after G7 countries agreed on Friday to release 100 million barrels of diesel and crude from emergency reserves and pledged to refrain from energy export restrictions after pressure from US President Donald Trump. The release will add to West Asian crude exports which rose above pre-war levels in four of the seven days of the final week of September, shipping data showed on Monday, despite attacks on vessels passing through the Strait of Hormuz. "The G7 decision to tap strategic reserves is taking some of the immediate supply anxiety out ?of the price, while there's a growing view that Saudi export volumes are moving back toward pre-war levels, even if those barrels are still moving at higher cost and via less efficient routes," said Tim Waterer, chief analyst at KCM Trade. "That combination is enough to subdue prices for now even though the risks of further damage to energy infrastructure around the Gulf region haven't gone away." The Houthis said they launched ballistic missiles and drones at Saudi Aramco sites in Riyadh and the Khurais area of Saudi Arabia in response to 50 Saudi-led air and missile strikes in Yemen in the past 12 hours. There was no confirmation from ?Saudi Arabia. On Sunday, Yemen's Saudi-backed, internationally recognised government said it was launching a major military campaign to recapture all areas of the country controlled by the Iran-backed Houthis. Meanwhile, Aramco has unexpectedly cut November crude ?oil prices for Asia to six-year lows. Brent prices continue to stay above $100 per barrel on persistent geopolitical tensions and ?an increase in attacks on commercial vessels in the Gulf, ING analysts said in a note. Meanwhile, Opec+ delayed a review that would determine 2027 oil output quotas for its members after the Iran war ?disrupted projects to expand capacity across the West Asia, throwing estimates of future production potential into uncertainty, said two sources close to the matter. In Europe, Ukraine will double down on attacking Russian oil refineries, Ukrainian ?President Volodymyr Zelenskiy told Reuters in an interview published on Saturday. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 05 2026 | 7:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brent crude futures climbed 81 cents, or 0.79%, to $103.06 ?a barrel by 2202 ?GMT, while US West ?Texas Intermediate crude was ?at $91.57 a barrel, up 46 cents, or 0.50% Oil prices rose on Monday after Yemen's Iran-backed ?Houthis said they launched ballistic missiles and drones at Saudi Aramco sites in Riyadh and the Khurais ?area, raising concerns about production at the top exporter in the region. Brent crude futures climbed 81 cents, or 0.79%, to $103.06 ?a barrel by 2202 ?GMT, while US West ?Texas Intermediate crude was ?at $91.57 a barrel, up 46 cents, or 0.50%. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 05 2026 | 7:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 05 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty outlook, 3 stock ideas for today by Hitesh Rathi of Angel One. First Published: Oct 05 2026 | 7:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market pricing is more decisive with swap markets fully pricing in an increase in borrowing costs Investors have loaded up on bets that the Reserve Bank of India will raise rates this week, warning that it risks falling behind the curve as inflation quickens, growth remains resilient and major central banks turn more hawkish. Nearly 60% of economists polled by Reuters, 35 out of 61, expect a 25-basis-point rate hike at its policy meeting on Wednesday. Market pricing is more decisive with swap markets fully pricing in an increase in borrowing costs. If delivered, the hike would be ?the RBI's first in nearly four years and lift the benchmark repo rate from 5.25% where it has remained for nearly 10 months. The Monetary Policy Committee cut rates by a cumulative 125 bps in 2025 from 6.5% to 5.25%. "We now sense that the RBI has little reason to wait, given visibility of growth remains high, inflation appears to be broadening, and the need to wait for clarity on the global front declines," said Rahul Bajoria, India and ASEAN economist at BofA Global Research. Bajoria expects the central bank to kick off a 100-basis-point tightening cycle in October. "This essentially is no longer just about reversing the incremental cut that the RBI had delivered last December but actually taking away the monetary punchbowl before inflation risks become entrenched," he said. With inflation running above the RBI's target and markets already pricing in higher borrowing costs, the central bank's decision and guidance are likely to shape expectations for the path of interest rates and capital flows. A benign inflation backdrop early in the year had given ?the RBI room to wait even as the Iran war sparked a surge in oil prices, but inflationary pressures have since broadened beyond food and fuel. Consumer inflation picked up in August to 4.82%, above the RBI's 4% medium-term target for a third consecutive month, with prices across nearly half of the CPI basket rising at or above the target. The economy grew 7.8% in the April-June quarter. Several major central banks, including the US Federal Reserve and Bank of Japan, have raised rates since the US-Israeli war on Iran began seven months ago. Traders and analysts now expect the RBI to follow suit, warning that pushback may be in store if rates are maintained. "A hold will not be taken positively by the currency market and even the long end of the bond market may face some pressure," said Vivek Rajpal, Asia macro strategist at JB Drax Honore, adding that the RBI will ?also need to signal openness to raising rates further if needed. The rupee remains under pressure, about 1% off record lows hit in May. "India needs to act on multiple fronts and going to a neutral rate is part of the solution," he added, pointing to how inflation-adjusted interest rates in India remain ?quite low at a time when price pressures have deepened and global competition for capital has intensified. Higher rates could also make Indian bonds more attractive to foreign ?investors at a time when domestic stocks continue to struggle without clear AI opportunities. Economists at Nomura and Barclays have penciled in a shallow hike cycle of 25-50 bps while BofA and ANZ anticipate between 75 and 100 bps of rate increases. Swap markets are pricing about ?100 bps worth of hikes over the next 12 months and about 140 bps over the next 24 months. BofA's Bajoria reckons the RBI may not want to commit to a longer hiking cycle in October itself, but could be open to doing so in December. That would put the focus on ?any changes to the RBI's inflation and growth forecasts, as well as whether it changes its "neutral" policy stance, for clues on how far policymakers are prepared to take the tightening cycle. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 05 2026 | 7:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex rose amid positive global cues. First Published: Oct 05 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex may surge at open on positive global cues on Monday. First Published: Oct 05 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy today: Choice Broking is bullish on IDBI Bank, Dr Lal PathLabs and Welspun Living. First Published: Oct 05 2026 | 7:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
illustration: ajay mohanty First Published: Oct 05 2026 | 12:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajay Mohanty First Published: Oct 05 2026 | 12:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Oct 05 2026 | 12:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Oct 05 2026 | 12:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 04 2026 | 11:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From left: Sunil Singhania, Founder, Abakkus Asset Manager, and Vaibhav Chugh, CEO, Abakkus Mutual Fund. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From left: Sunil Singhania, Founder, Abakkus Asset Manager, and Vaibhav Chugh, CEO, Abakkus Mutual Fund. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Quant MF has increased its exposure to peer AMCs ICICI Prudential AMC and Nippon Life India AMC across several schemes. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Anuradha Thakur: Economic affairs secretary. First Published: Oct 04 2026 | 9:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Anuradha Thakur: Economic affairs secretary. First Published: Oct 04 2026 | 9:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Anuradha Thakur: Economic affairs secretary. First Published: Oct 04 2026 | 9:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold and silver are set for another bout of turbulence in the coming week, as movement in the US dollar and unresolved US-Iran tensions cloud the outlook, analysts said. On the domestic front, investors will watch the Reserve Bank of India's monetary policy decision on Wednesday, with a 25 basis points rate hike expected. Services PMI data from major economies, US trade figures and mid-month consumer sentiment data due later in the week will also provide cues to bullion prices. The unresolved US-Iran situation will add another layer of uncertainty for precious metals, they added. On the Multi Commodity Exchange (MCX), gold futures for December delivery declined Rs 2,887, or 2 per cent, during the holiday-shortened week to end at Rs 1.5 lakh per 10 grams, while silver dropped Rs 8,819, or nearly 4 per cent, to Rs 2.25 lakh per kilogram. "MCX gold remained under pressure last week, declining around 2 per cent as a stronger US dollar and rising bond yields intensified profit-booking across bullion and other asset classes," Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said. Softer US employment data had initially supported gold by reducing expectations of aggressive monetary tightening by the Federal Reserve. However, the support proved short-lived as investors turned to profit-booking towards the end of the week, he said. In global markets, Comex gold futures for December delivery fell $158.9, or 3.7 per cent, to close at $4,162.3 per ounce, while silver dropped $4.38, or 6.7 per cent, to $60.41 per ounce. "Gold ended yet another week with heavy losses, with prices falling more than 3.5 per cent on a weekly basis at around $4,160 per ounce, while silver ended with a loss of over 6.5 per cent, tracking a correction across industrial metals," said Pranav Mer, Senior Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd. Broader weakness across commodities, a stronger dollar and elevated yields amid signs of further rate hikes by central banks also weighed on precious metals, he added. Some of the war-risk premium in bullion eased after reports pointed to increased oil flows from West Asia. However, mixed signals over escalation kept investors from making aggressive bets, Mer said. Trivedi said any further escalation could revive safe-haven demand for bullion, but the lack of a clear direction on the geopolitical front is likely to keep prices in a two-way movement. A sustained rise in the dollar above 102 or a further rise in Treasury yields could exert pressure on gold, while a reversal in either could provide some relief to the yellow metal, he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 04 2026 | 8:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company is developing 172 luxury residences in this upcoming project with a total carpet area of over 4 lakh square feet and a total saleable area of over 7.5 lakh square feet | Representative Picture Realty major DLF Ltd on Sunday said it has sold all 172 senior living homes for Rs 1,985 crore at Gurugram, amid high demand for luxury housing properties. In a regulatory filing, DLF, the country's largest real estate firm, announced a "complete sell-out" of its newly launched project 'The Aureva' meant for senior citizens. The project, spread across 4.17 acres, is located at Sector 63, Gurugram. "The project has achieved sales of about Rs 1,985 crore, underscoring strong demand for thoughtfully curated luxury retirement living communities that seamlessly integrate luxury, wellbeing, convenience, healthcare access, and meaningful community engagement," DLF said. The average price realisation is Rs 11.5 crore per apartment. The units were sold at Rs 28,000 per sq ft. The company is developing 172 luxury residences in this upcoming project with a total carpet area of over 4 lakh square feet and a total saleable area of over 7.5 lakh square feet. Aakash Ohri, Managing Director and Chief Business Officer, DLF Home Developers Ltd, said the project represents "DLF's vision of redefining luxury retirement housing in India." The project will have a professionally managed on-site medical centre with emergency response support. "Once again, this project's strong market performance underscores the growing demand for premium, experience-led residential offerings in India in this segment," Ohri said. DLF has developed more than 185 real estate projects with an area of more than 352 million square feet. During 2025-26, DLF Ltd's sales bookings or pre-sales fell 5 per cent to Rs 20,143 crore from a record of Rs 21,223 crore in the preceding financial year. The company had given an annual sales bookings guidance of Rs 20,000 crore for the current 2026-27 fiscal. During the first quarter of this fiscal, DLF sales bookings plunged 94 per cent year-on-year to Rs 657 crore. The Group has 275 million sq ft of development potential across residential and commercial segments, including current projects under execution. It has an annuity portfolio of 50 million sq ft. DLF is primarily engaged in the business of development and sale of residential properties (the "Development Business"), and also construction and leasing of commercial and retail properties (the "Annuity Business"). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 04 2026 | 5:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Banks face treasury losses as rising bond yields weigh on investment portfolios. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajay Mohanty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajay Mohanty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sakait Chaudhary, Senior Vice-President and Head of Softlines, Grocery & Marketplace, Flipkart First Published: Oct 04 2026 | 4:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sakait Chaudhary, Senior Vice-President and Head of Softlines, Grocery & Marketplace, Flipkart First Published: Oct 04 2026 | 4:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sakait Chaudhary, Senior Vice-President and Head of Softlines, Grocery & Marketplace, Flipkart First Published: Oct 04 2026 | 4:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lithium-ion battery distribution and service network startup Pointo is betting big on the expanding e-auto segment, battery storage systems (BESS) and second-life products to bolster its revenue, while actively engaging with investors to raise Rs 70-100 crore for its next expansion phase, a top company official said. The city-based startup, which previously raised Rs 6.2 crore in a seed funding round led by Equirus InnovateX Fund, plans to deploy the fresh capital to build an automated, large-scale refurbishment unit and expand its ground distribution network across the country. The company has seen its revenue run rate jump to Rs 80 crore in FY26 from about Rs 3 crore in FY24, and expects to close the current financial year at a revenue of Rs 150 crore, Founder & CEO of Pointo Riki Biswas told PTI. Founded in 2023 by Biswas, a chemical engineer from IIT Guwahati, along with three co-founders, Pointo aims to build a closed-loop supply chain across battery deployment, buyback, refurbishment and second-life applications. By eliminating high upfront costs and enabling instant access through financing tie-ups with non-banking financial companies (NBFCs), the company aims to redefine how India powers its electric vehicles (EVs). Biswas said the company has tied up with lithium-ion battery original equipment manufacturers (OEMs) for co-branding and marketing, alongside multiple NBFC partnerships to provide finance-ready lithium-ion batteries to e-rickshaw drivers and fleets. The startup currently serves 25,000 customers through more than 22 physical hubs spread across six states: West Bengal, Bihar, Uttar Pradesh, Madhya Pradesh, Rajasthan and Punjab. It is now looking to strengthen its micro-distribution network to reach Tier II and Tier III towns. "We are building a strong distribution network through a hub and spoke model, building a closed-loop supply chain across battery deployment, buyback, refurbishment and second-life applications. We are currently working in the e-rickshaw segment, which itself is a large market estimated at around 50 lakh vehicles. We will ramp up our presence in this segment," Biswas told PTI. "We also see a huge opportunity in the L5 E-auto, BESS and second-life products. We already have an existing distribution network, and we are looking to expand our network in the existing markets. This will enable us to tap into this growing demand efficiently," he added. Highlighting the market potential in the e-auto and four-wheeler segment, Biswas noted that starting next year, close to 8,000 to 10,000 electric autos are expected to come up for battery replacement, generating substantial demand for new lithium-ion batteries. The batteries retrieved during replacement will also serve as a key raw material source for second-life applications and new battery minerals. Pointo plans to convert end-of-life batteries into lower-use products such as home inverters for resale, helping shore up revenues while playing a crucial role in the circular supply chain. "We have a 20,000 sq ft R&D and refurbishment centre, and with a ready customer base, our next phase is to build an automated, large-scale refurbishment unit. We are in active discussion with investors to raise close to Rs 70-100 crore to build the refurbishment unit and expand the ground network," Biswas said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 04 2026 | 4:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 04 2026 | 3:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, the Sensex tanked 1,986.04 points, or 2.68 per cent, and the Nifty plunged 718.55 points, or 3.10 per cent RBI's interest rate decision, TCS' earnings, crude oil prices and global bond yields will be important factors to determine stock market movement this week, analysts said. Macroeconomic data announcements and foreign investors' trading activity will also guide market trends, they added. "RBI's monetary policy meeting will be closely watched. The policy stance, inflation outlook and growth projections will provide important cues on the near-term trajectory of domestic interest rates and financial markets. "This week will also mark the beginning of the earnings season, with index heavyweight TCS and retail major DMart among the key companies scheduled to announce their results," Ajit Mishra, SVP Research, Religare Broking, said. On the data front, India's final HSBC Services PMI and Composite PMI readings for September are scheduled to be released on October 6, he said. TCS is slated to announce its September quarter earnings on October 8. "Crude oil remains the most immediate macroeconomic concern. Brent crude trading above USD 100 a barrel continues to intensify pressure on India's external balances and inflation outlook, while persistent geopolitical uncertainty threatens to keep the risk premium in energy prices elevated," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. Global bond yields will be another important determinant of risk appetite, he added. "A moderation in US Treasury yields could ease pressure on emerging-market assets and support a more constructive environment for foreign flows. Conversely, a further rise in yields could reinforce the relative appeal of US assets and encourage continued portfolio reallocation away from emerging markets," Ponmudi said. Indian equities ended lower for the eighth consecutive week as foreign selling, rupee weakness, elevated crude and rising global bond yields weighed on sentiment. Last week, the Sensex tanked 1,986.04 points, or 2.68 per cent, and the Nifty plunged 718.55 points, or 3.10 per cent. In September, the BSE benchmark lost 4,476.98 points, or 5.81 per cent, and the Nifty fell 1,459.95 points, or 6 per cent. "The RBI's policy decision will be the principal domestic trigger. The US Federal Open Market Committee (FOMC) minutes will subsequently offer insights into the extent of support among US policymakers for further monetary tightening beyond the September rate increase," Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a Research Analyst firm, said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 04 2026 | 3:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign funds are selling index futures or have shorted the market, showing low confidence in the growth prospects of Indian stocks First Published: Oct 04 2026 | 1:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign funds are selling index futures or have shorted the market, showing low confidence in the growth prospects of Indian stocks First Published: Oct 04 2026 | 1:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The startup was founded nearly 10 years ago by Indian School of Business alumni Asish Mohapatra and his wife, Ruchi Kalra, and two other partners. First Published: Oct 04 2026 | 12:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The startup was founded nearly 10 years ago by Indian School of Business alumni Asish Mohapatra and his wife, Ruchi Kalra, and two other partners. First Published: Oct 04 2026 | 12:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India is NetApp's fastest-growing market in Asia, with the BFSI, manufacturing, IT services and public sectors - particularly central and state government departments - as key drivers of the company's revenue growth, CEO George Kurian said. The San Jose-based data infrastructure company has also grown its global capability centre in Bengaluru, with the majority of global R&D processed out of the centre. With a team of about 4,000 engineers, the centre is the largest for NetApp and is core to the global innovation work for the company across technology areas. "India has been the fastest-growing market in Asia, and we are always looking to grow faster," Kurian told PTI on the sidelines of Insight 2026 here. NetApp's global capability centre in India has become the company's largest and has consistently grown faster than the rest of the business, the India-born CEO of the company said. Kurian, who has been driving the company's business growth as CEO since 2015, said NetApp is the number one player in India's all-flash storage market and is giving its local teams greater scope to expand the business through investments by the company and its partners. NetApp has a broad customer base in India, including large banks and financial institutions, central and state government departments, manufacturing companies and IT services firms, he said. Talking about sectors driving India's business, he said, "we have presence in many of the large BFSIs in India, and also most of the central government departments and many of the state government departments are NetApp's customers...we have been historically very strong in manufacturing around the world. We are strong in the IT services segment. So it's a broad book of business." The company's business is more focused on large enterprises and the public sector than smaller businesses, he said, adding that customers with large volumes of unstructured data would remain a key focus. For companies that are still at an early stage of AI adoption, Kurian suggested putting their data infrastructure in order, building an AI platform either on-premises or in the cloud, and selecting a few business cases that can deliver tangible benefits. NetApp could help enterprises connect their data with AI platforms as they build out their AI capabilities, he added. During its annual event Insight, NetApp made a slew of announcements, including the launch of Novus, a new storage architecture designed for large-scale AI factories and GPU infrastructure. NetApp said Novus is designed to support a zettabyte-scale file system and deliver more than 100 terabytes per second of scale-out performance, with the aim of keeping a large number of GPUs (graphics processing units) continuously supplied with data and improving the efficiency of artificial intelligence (AI) infrastructure investments. Besides, the company announced a series of capabilities spanning agentic artificial intelligence, hybrid multi-cloud operations and SAP cloud infrastructure. NetApp and Oracle announced a fully managed storage service native to Oracle Cloud Infrastructure (OCI), bringing ONTAP capabilities to OCI. General availability is planned within the next 12 months. The company also introduced Console Autonomous Operations, Fleet Management, and AI ChatOps, alongside expanded Keystone Sovereign capabilities and a planned NetApp-Nutanix solution for virtualised workloads. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 04 2026 | 12:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Digital services major Jio Platforms is likely to get listed by the end of this month at an enterprise valuation of $143-146 billion or above ?12 trillion, sources tracking the development said. Jio Platforms IPO is touted as India's largest public offer at an estimated size of $3.8 billion. The company has concluded overseas roadshows and is expected to file final papers with market regulator SEBI for the initial public offering in the week starting October 12, banking and other sources who did not wish to be identified told PTI. "Based on interest received from overseas roadshows, Jio Platforms is likely to list at a base enterprise valuation of $143-146 billion or at least ?12 trillion by end of this month," one of the banking sources said. An email sent to Jio Platforms (JPL) seeking comments based on available information did not elicit any reply. The overseas roadshows held in the US, UK, Dubai, Hong Kong and Singapore were led by Jio Platforms Managing Director and Reliance Jio Chairman Akash Ambani and Reliance Retail Ventures Limited Executive Director Isha Ambani. One of the event vendors said that JPL is expected to hold a roadshow for the IPO in India in the week starting October 12 after filing the red herring prospectus. According to banking sources, Jio Platforms is expected to start an anchor round before Dussehra and the issue is expected to open post-Dussehra before October 23. "The company is expected to list on the stock exchange by the end of this month," the source said. The Securities and Exchange Board of India (SEBI) issued its final observations on August 28. Jio Platforms had filed its draft IPO papers in June. According to its draft prospectus, the company plans to issue up to 27 crore fresh equity shares, equivalent to about 2.9 per cent of its post-issue equity base. Sources have indicated that the company may raise around $3.8 billion from the offer. The public offering comes as India's primary market has remained active, with strong participation from retail investors and domestic institutions. More than two dozen IPOs have been announced or launched since July 1, nearly matching the 28 recorded in the first half of 2026. Jio Platforms houses Reliance's digital businesses, including its telecommunications operations. Reliance Jio Infocomm, the telecom arm of JPL, dominates the Indian telecom market with a 32.89 per cent market share in fixed-line connections, serving 157.9 million customers, and a 39.29 per cent share in mobile connections, with 506 million customers. JPL has the largest 5G Standalone network outside China, with 26.85 crore 5G customers as of June 2026. Jio leads the Fixed Wireless Access segment globally with about 1.5 crore subscribers, roughly 1.5 times the second-largest player, US-based T-Mobile. Jio claims that its 5G network's carrying capacity is close to 60 per cent of India's wireless data traffic, one of the largest in the world. Leveraging its network and data traffic capacity, Jio has expanded its business into other areas of the digital ecosystem, including cloud, artificial intelligence and enterprise network services. For FY26, Jio Platforms posted a 15 per cent rise in profit after tax to ?30,053 crore and a 14.5 per cent increase in the annual revenue to ?1,46,885 crore. Analysts at Nuvama Research expect Reliance Jio's profit after tax to clock a compounded annual growth rate of 18 per cent between FY26 and FY30, at par with the oil and gas vertical of parent firm Reliance Industries Limited. Jio Platforms has previously drawn major global technology and financial investors - in 2020, Meta invested ?43,574 crore for a 9.99 per cent stake, while Google invested ?33,737 crore for a 7.73 per cent holding. Other investors, including Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, Abu Dhabi Investment Authority, TPG, L Catterton, Intel Capital and Qualcomm Ventures collectively invested about ?74,745 crore for roughly a 15.2 per cent stake. Reliance Industries owns about 66.4 per cent of Jio Platforms, and Meta and Google together hold about 17.7 per cent, according to the draft prospectus. The IPO would be the first public offering from the Reliance group since 2008 and the first IPO of a consumer-focused business within the conglomerate. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 04 2026 | 11:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Digital services major Jio Platforms is likely to get listed by the end of this month at an enterprise valuation of $143-146 billion or above ?12 trillion, sources tracking the development said. Jio Platforms IPO is touted as India's largest public offer at an estimated size of $3.8 billion. The company has concluded overseas roadshows and is expected to file final papers with market regulator SEBI for the initial public offering in the week starting October 12, banking and other sources who did not wish to be identified told PTI. "Based on interest received from overseas roadshows, Jio Platforms is likely to list at a base enterprise valuation of $143-146 billion or at least ?12 trillion by end of this month," one of the banking sources said. An email sent to Jio Platforms (JPL) seeking comments based on available information did not elicit any reply. The overseas roadshows held in the US, UK, Dubai, Hong Kong and Singapore were led by Jio Platforms Managing Director and Reliance Jio Chairman Akash Ambani and Reliance Retail Ventures Limited Executive Director Isha Ambani. One of the event vendors said that JPL is expected to hold a roadshow for the IPO in India in the week starting October 12 after filing the red herring prospectus. According to banking sources, Jio Platforms is expected to start an anchor round before Dussehra and the issue is expected to open post-Dussehra before October 23. "The company is expected to list on the stock exchange by the end of this month," the source said. The Securities and Exchange Board of India (SEBI) issued its final observations on August 28. Jio Platforms had filed its draft IPO papers in June. According to its draft prospectus, the company plans to issue up to 27 crore fresh equity shares, equivalent to about 2.9 per cent of its post-issue equity base. Sources have indicated that the company may raise around $3.8 billion from the offer. The public offering comes as India's primary market has remained active, with strong participation from retail investors and domestic institutions. More than two dozen IPOs have been announced or launched since July 1, nearly matching the 28 recorded in the first half of 2026. Jio Platforms houses Reliance's digital businesses, including its telecommunications operations. Reliance Jio Infocomm, the telecom arm of JPL, dominates the Indian telecom market with a 32.89 per cent market share in fixed-line connections, serving 157.9 million customers, and a 39.29 per cent share in mobile connections, with 506 million customers. JPL has the largest 5G Standalone network outside China, with 26.85 crore 5G customers as of June 2026. Jio leads the Fixed Wireless Access segment globally with about 1.5 crore subscribers, roughly 1.5 times the second-largest player, US-based T-Mobile. Jio claims that its 5G network's carrying capacity is close to 60 per cent of India's wireless data traffic, one of the largest in the world. Leveraging its network and data traffic capacity, Jio has expanded its business into other areas of the digital ecosystem, including cloud, artificial intelligence and enterprise network services. For FY26, Jio Platforms posted a 15 per cent rise in profit after tax to ?30,053 crore and a 14.5 per cent increase in the annual revenue to ?1,46,885 crore. Analysts at Nuvama Research expect Reliance Jio's profit after tax to clock a compounded annual growth rate of 18 per cent between FY26 and FY30, at par with the oil and gas vertical of parent firm Reliance Industries Limited. Jio Platforms has previously drawn major global technology and financial investors - in 2020, Meta invested ?43,574 crore for a 9.99 per cent stake, while Google invested ?33,737 crore for a 7.73 per cent holding. Other investors, including Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, Abu Dhabi Investment Authority, TPG, L Catterton, Intel Capital and Qualcomm Ventures collectively invested about ?74,745 crore for roughly a 15.2 per cent stake. Reliance Industries owns about 66.4 per cent of Jio Platforms, and Meta and Google together hold about 17.7 per cent, according to the draft prospectus. The IPO would be the first public offering from the Reliance group since 2008 and the first IPO of a consumer-focused business within the conglomerate. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 04 2026 | 11:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Digital services major Jio Platforms is likely to get listed by the end of this month at an enterprise valuation of $143-146 billion or above ?12 trillion, sources tracking the development said. Jio Platforms IPO is touted as India's largest public offer at an estimated size of $3.8 billion. The company has concluded overseas roadshows and is expected to file final papers with market regulator SEBI for the initial public offering in the week starting October 12, banking and other sources who did not wish to be identified told PTI. "Based on interest received from overseas roadshows, Jio Platforms is likely to list at a base enterprise valuation of $143-146 billion or at least ?12 trillion by end of this month," one of the banking sources said. An email sent to Jio Platforms (JPL) seeking comments based on available information did not elicit any reply. The overseas roadshows held in the US, UK, Dubai, Hong Kong and Singapore were led by Jio Platforms Managing Director and Reliance Jio Chairman Akash Ambani and Reliance Retail Ventures Limited Executive Director Isha Ambani. One of the event vendors said that JPL is expected to hold a roadshow for the IPO in India in the week starting October 12 after filing the red herring prospectus. According to banking sources, Jio Platforms is expected to start an anchor round before Dussehra and the issue is expected to open post-Dussehra before October 23. "The company is expected to list on the stock exchange by the end of this month," the source said. The Securities and Exchange Board of India (SEBI) issued its final observations on August 28. Jio Platforms had filed its draft IPO papers in June. According to its draft prospectus, the company plans to issue up to 27 crore fresh equity shares, equivalent to about 2.9 per cent of its post-issue equity base. Sources have indicated that the company may raise around $3.8 billion from the offer. The public offering comes as India's primary market has remained active, with strong participation from retail investors and domestic institutions. More than two dozen IPOs have been announced or launched since July 1, nearly matching the 28 recorded in the first half of 2026. Jio Platforms houses Reliance's digital businesses, including its telecommunications operations. Reliance Jio Infocomm, the telecom arm of JPL, dominates the Indian telecom market with a 32.89 per cent market share in fixed-line connections, serving 157.9 million customers, and a 39.29 per cent share in mobile connections, with 506 million customers. JPL has the largest 5G Standalone network outside China, with 26.85 crore 5G customers as of June 2026. Jio leads the Fixed Wireless Access segment globally with about 1.5 crore subscribers, roughly 1.5 times the second-largest player, US-based T-Mobile. Jio claims that its 5G network's carrying capacity is close to 60 per cent of India's wireless data traffic, one of the largest in the world. Leveraging its network and data traffic capacity, Jio has expanded its business into other areas of the digital ecosystem, including cloud, artificial intelligence and enterprise network services. For FY26, Jio Platforms posted a 15 per cent rise in profit after tax to ?30,053 crore and a 14.5 per cent increase in the annual revenue to ?1,46,885 crore. Analysts at Nuvama Research expect Reliance Jio's profit after tax to clock a compounded annual growth rate of 18 per cent between FY26 and FY30, at par with the oil and gas vertical of parent firm Reliance Industries Limited. Jio Platforms has previously drawn major global technology and financial investors - in 2020, Meta invested ?43,574 crore for a 9.99 per cent stake, while Google invested ?33,737 crore for a 7.73 per cent holding. Other investors, including Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, Abu Dhabi Investment Authority, TPG, L Catterton, Intel Capital and Qualcomm Ventures collectively invested about ?74,745 crore for roughly a 15.2 per cent stake. Reliance Industries owns about 66.4 per cent of Jio Platforms, and Meta and Google together hold about 17.7 per cent, according to the draft prospectus. The IPO would be the first public offering from the Reliance group since 2008 and the first IPO of a consumer-focused business within the conglomerate. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 04 2026 | 11:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Digital services major Jio Platforms is likely to get listed by the end of this month at an enterprise valuation of $143-146 billion or above ?12 trillion, sources tracking the development said. Jio Platforms IPO is touted as India's largest public offer at an estimated size of $3.8 billion. The company has concluded overseas roadshows and is expected to file final papers with market regulator SEBI for the initial public offering in the week starting October 12, banking and other sources who did not wish to be identified told PTI. "Based on interest received from overseas roadshows, Jio Platforms is likely to list at a base enterprise valuation of $143-146 billion or at least ?12 trillion by end of this month," one of the banking sources said. An email sent to Jio Platforms (JPL) seeking comments based on available information did not elicit any reply. The overseas roadshows held in the US, UK, Dubai, Hong Kong and Singapore were led by Jio Platforms Managing Director and Reliance Jio Chairman Akash Ambani and Reliance Retail Ventures Limited Executive Director Isha Ambani. One of the event vendors said that JPL is expected to hold a roadshow for the IPO in India in the week starting October 12 after filing the red herring prospectus. According to banking sources, Jio Platforms is expected to start an anchor round before Dussehra and the issue is expected to open post-Dussehra before October 23. "The company is expected to list on the stock exchange by the end of this month," the source said. The Securities and Exchange Board of India (SEBI) issued its final observations on August 28. Jio Platforms had filed its draft IPO papers in June. According to its draft prospectus, the company plans to issue up to 27 crore fresh equity shares, equivalent to about 2.9 per cent of its post-issue equity base. Sources have indicated that the company may raise around $3.8 billion from the offer. The public offering comes as India's primary market has remained active, with strong participation from retail investors and domestic institutions. More than two dozen IPOs have been announced or launched since July 1, nearly matching the 28 recorded in the first half of 2026. Jio Platforms houses Reliance's digital businesses, including its telecommunications operations. Reliance Jio Infocomm, the telecom arm of JPL, dominates the Indian telecom market with a 32.89 per cent market share in fixed-line connections, serving 157.9 million customers, and a 39.29 per cent share in mobile connections, with 506 million customers. JPL has the largest 5G Standalone network outside China, with 26.85 crore 5G customers as of June 2026. Jio leads the Fixed Wireless Access segment globally with about 1.5 crore subscribers, roughly 1.5 times the second-largest player, US-based T-Mobile. Jio claims that its 5G network's carrying capacity is close to 60 per cent of India's wireless data traffic, one of the largest in the world. Leveraging its network and data traffic capacity, Jio has expanded its business into other areas of the digital ecosystem, including cloud, artificial intelligence and enterprise network services. For FY26, Jio Platforms posted a 15 per cent rise in profit after tax to ?30,053 crore and a 14.5 per cent increase in the annual revenue to ?1,46,885 crore. Analysts at Nuvama Research expect Reliance Jio's profit after tax to clock a compounded annual growth rate of 18 per cent between FY26 and FY30, at par with the oil and gas vertical of parent firm Reliance Industries Limited. Jio Platforms has previously drawn major global technology and financial investors - in 2020, Meta invested ?43,574 crore for a 9.99 per cent stake, while Google invested ?33,737 crore for a 7.73 per cent holding. Other investors, including Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, Abu Dhabi Investment Authority, TPG, L Catterton, Intel Capital and Qualcomm Ventures collectively invested about ?74,745 crore for roughly a 15.2 per cent stake. Reliance Industries owns about 66.4 per cent of Jio Platforms, and Meta and Google together hold about 17.7 per cent, according to the draft prospectus. The IPO would be the first public offering from the Reliance group since 2008 and the first IPO of a consumer-focused business within the conglomerate. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 04 2026 | 11:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Digital services major Jio Platforms is likely to get listed by the end of this month at an enterprise valuation of $143-146 billion or above ?12 trillion, sources tracking the development said. Jio Platforms IPO is touted as India's largest public offer at an estimated size of $3.8 billion. The company has concluded overseas roadshows and is expected to file final papers with market regulator SEBI for the initial public offering in the week starting October 12, banking and other sources who did not wish to be identified told PTI. "Based on interest received from overseas roadshows, Jio Platforms is likely to list at a base enterprise valuation of $143-146 billion or at least ?12 trillion by end of this month," one of the banking sources said. An email sent to Jio Platforms (JPL) seeking comments based on available information did not elicit any reply. The overseas roadshows held in the US, UK, Dubai, Hong Kong and Singapore were led by Jio Platforms Managing Director and Reliance Jio Chairman Akash Ambani and Reliance Retail Ventures Limited Executive Director Isha Ambani. One of the event vendors said that JPL is expected to hold a roadshow for the IPO in India in the week starting October 12 after filing the red herring prospectus. According to banking sources, Jio Platforms is expected to start an anchor round before Dussehra and the issue is expected to open post-Dussehra before October 23. "The company is expected to list on the stock exchange by the end of this month," the source said. The Securities and Exchange Board of India (SEBI) issued its final observations on August 28. Jio Platforms had filed its draft IPO papers in June. According to its draft prospectus, the company plans to issue up to 27 crore fresh equity shares, equivalent to about 2.9 per cent of its post-issue equity base. Sources have indicated that the company may raise around $3.8 billion from the offer. The public offering comes as India's primary market has remained active, with strong participation from retail investors and domestic institutions. More than two dozen IPOs have been announced or launched since July 1, nearly matching the 28 recorded in the first half of 2026. Jio Platforms houses Reliance's digital businesses, including its telecommunications operations. Reliance Jio Infocomm, the telecom arm of JPL, dominates the Indian telecom market with a 32.89 per cent market share in fixed-line connections, serving 157.9 million customers, and a 39.29 per cent share in mobile connections, with 506 million customers. JPL has the largest 5G Standalone network outside China, with 26.85 crore 5G customers as of June 2026. Jio leads the Fixed Wireless Access segment globally with about 1.5 crore subscribers, roughly 1.5 times the second-largest player, US-based T-Mobile. Jio claims that its 5G network's carrying capacity is close to 60 per cent of India's wireless data traffic, one of the largest in the world. Leveraging its network and data traffic capacity, Jio has expanded its business into other areas of the digital ecosystem, including cloud, artificial intelligence and enterprise network services. For FY26, Jio Platforms posted a 15 per cent rise in profit after tax to ?30,053 crore and a 14.5 per cent increase in the annual revenue to ?1,46,885 crore. Analysts at Nuvama Research expect Reliance Jio's profit after tax to clock a compounded annual growth rate of 18 per cent between FY26 and FY30, at par with the oil and gas vertical of parent firm Reliance Industries Limited. Jio Platforms has previously drawn major global technology and financial investors - in 2020, Meta invested ?43,574 crore for a 9.99 per cent stake, while Google invested ?33,737 crore for a 7.73 per cent holding. Other investors, including Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, Abu Dhabi Investment Authority, TPG, L Catterton, Intel Capital and Qualcomm Ventures collectively invested about ?74,745 crore for roughly a 15.2 per cent stake. Reliance Industries owns about 66.4 per cent of Jio Platforms, and Meta and Google together hold about 17.7 per cent, according to the draft prospectus. The IPO would be the first public offering from the Reliance group since 2008 and the first IPO of a consumer-focused business within the conglomerate. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 04 2026 | 11:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Digital services major Jio Platforms is likely to get listed by the end of this month at an enterprise valuation of $143-146 billion or above ?12 trillion, sources tracking the development said. Jio Platforms IPO is touted as India's largest public offer at an estimated size of $3.8 billion. The company has concluded overseas roadshows and is expected to file final papers with market regulator SEBI for the initial public offering in the week starting October 12, banking and other sources who did not wish to be identified told PTI. "Based on interest received from overseas roadshows, Jio Platforms is likely to list at a base enterprise valuation of $143-146 billion or at least ?12 trillion by end of this month," one of the banking sources said. An email sent to Jio Platforms (JPL) seeking comments based on available information did not elicit any reply. The overseas roadshows held in the US, UK, Dubai, Hong Kong and Singapore were led by Jio Platforms Managing Director and Reliance Jio Chairman Akash Ambani and Reliance Retail Ventures Limited Executive Director Isha Ambani. One of the event vendors said that JPL is expected to hold a roadshow for the IPO in India in the week starting October 12 after filing the red herring prospectus. According to banking sources, Jio Platforms is expected to start an anchor round before Dussehra and the issue is expected to open post-Dussehra before October 23. "The company is expected to list on the stock exchange by the end of this month," the source said. The Securities and Exchange Board of India (SEBI) issued its final observations on August 28. Jio Platforms had filed its draft IPO papers in June. According to its draft prospectus, the company plans to issue up to 27 crore fresh equity shares, equivalent to about 2.9 per cent of its post-issue equity base. Sources have indicated that the company may raise around $3.8 billion from the offer. The public offering comes as India's primary market has remained active, with strong participation from retail investors and domestic institutions. More than two dozen IPOs have been announced or launched since July 1, nearly matching the 28 recorded in the first half of 2026. Jio Platforms houses Reliance's digital businesses, including its telecommunications operations. Reliance Jio Infocomm, the telecom arm of JPL, dominates the Indian telecom market with a 32.89 per cent market share in fixed-line connections, serving 157.9 million customers, and a 39.29 per cent share in mobile connections, with 506 million customers. JPL has the largest 5G Standalone network outside China, with 26.85 crore 5G customers as of June 2026. Jio leads the Fixed Wireless Access segment globally with about 1.5 crore subscribers, roughly 1.5 times the second-largest player, US-based T-Mobile. Jio claims that its 5G network's carrying capacity is close to 60 per cent of India's wireless data traffic, one of the largest in the world. Leveraging its network and data traffic capacity, Jio has expanded its business into other areas of the digital ecosystem, including cloud, artificial intelligence and enterprise network services. For FY26, Jio Platforms posted a 15 per cent rise in profit after tax to ?30,053 crore and a 14.5 per cent increase in the annual revenue to ?1,46,885 crore. Analysts at Nuvama Research expect Reliance Jio's profit after tax to clock a compounded annual growth rate of 18 per cent between FY26 and FY30, at par with the oil and gas vertical of parent firm Reliance Industries Limited. Jio Platforms has previously drawn major global technology and financial investors - in 2020, Meta invested ?43,574 crore for a 9.99 per cent stake, while Google invested ?33,737 crore for a 7.73 per cent holding. Other investors, including Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, Abu Dhabi Investment Authority, TPG, L Catterton, Intel Capital and Qualcomm Ventures collectively invested about ?74,745 crore for roughly a 15.2 per cent stake. Reliance Industries owns about 66.4 per cent of Jio Platforms, and Meta and Google together hold about 17.7 per cent, according to the draft prospectus. The IPO would be the first public offering from the Reliance group since 2008 and the first IPO of a consumer-focused business within the conglomerate. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 04 2026 | 11:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahindra & Mahindra has scaled up its utility vehicle and electric vehicle manufacturing capacity to 68,000 units a month to improve supply and bring down waiting periods Leading automakers are ramping up production and building dealer inventory to meet strong customer demand as India enters the peak festive buying season, with manufacturers seeking to ensure adequate vehicle availability and convert healthy bookings into retail sales. Car market leader Maruti Suzuki India has 220,000 pending bookings ahead of the festive season, while Hyundai Motor India has built four-five weeks of inventory across its dealer network. Mahindra & Mahindra, meanwhile, has scaled up its utility vehicle and electric vehicle manufacturing capacity to 68,000 units a month to improve supply and bring down waiting periods. Maruti Suzuki India's Senior Executive Officer Partho Banerjee told PTI, "At the beginning of this financial year, we had 12 days of stock. The current bookings pendency is 220,000, which translates to 16 days of stock before the festive season. "We have already commissioned two new production lines, adding 500,000 capacity in total. The production is being ramped up gradually, and we expect these lines to fully stabilise by year-end." He shared that the company is calibrating production and supplies across models to prevent waiting periods from rising disproportionately for individual vehicles during the festive period. "For Maruti Suzuki, our supply chain and production teams are putting in efforts and trying to meet the festival demand. However, due to supply constraints, we may introduce special schemes for our pending booking customers," Banerjee said. Tarun Garg, MD & CEO, Hyundai Motor India Ltd, said, "The festive season continues to be a key growth driver for the Indian automotive industry, and we have been proactively preparing our operations, dealer network and supply chain to effectively cater to customer demand across the country." "Over the past few months, we have strengthened dealer inventory, optimised logistics and enhanced product availability across the Hyundai Motor India Limited network to support timely deliveries and a seamless customer experience," he added. Garg shared that Hyundai Motor India Ltd has proactively built dealer inventory ahead of the festive season, with inventory levels of 4-5 weeks across its network, to effectively cater to anticipated festive demand. "Our focus remains on maintaining the right balance between fulfilling existing customer bookings and ensuring adequate stock availability at dealerships to maximise retail conversions during the festive period," he added. Nalinikanth Gollagunta, CEO, Automotive Division, Mahindra & Mahindra Ltd., said demand remains robust across its portfolio. "Over the first half of the year, we scaled up our SUV and EV manufacturing capacity to 68,000 units per month to cater to growing customer demand. This has helped us significantly improve supply-side responsiveness and bring down waiting periods across the portfolio, even as bookings have remained healthy," Gollagunta observed. "Given the positive consumer sentiment, the freshness of our portfolio, and the improvements we have made on the supply side, we remain confident of converting strong festive demand into retail sales and delivering another successful festive season for both Mahindra and the industry," he added. The festive season is a crucial period for India's passenger vehicle industry, with manufacturers and dealers seeking to maximise deliveries during the period spanning Navratri, Dussehra, Dhanteras and Diwali. With manufacturers stepping up production and building inventory, the focus this festive season is increasingly on ensuring that supply keeps pace with bookings and that vehicles are available for customers when they are ready to make their purchases. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 04 2026 | 10:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 04 2026 | 8:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 04 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 04 2026 | 7:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
AIQ's partners include Microsoft, Nvidia, Amazon Web Services, and ?US oilfield services providers SLB and Baker Hughes United Arab Emirates-based technology company AIQ has signed an agreement to enter India's oil and gas sector as ?it steps up efforts to expand beyond its home market, company executives said on Wednesday. AIQ will deploy its technology across the refineries, gas stations and digital stores of an Indian oil and gas conglomerate, Chief Executive Officer Dennis Jol told a media briefing, declining to identify the customer. AIQ began exporting its technology 12 to 15 months ago and now operates in markets including North America, Kazakhstan, Egypt, Colombia, Malaysia, Vietnam and Kuwait, ?Jol said. Formed in 2020, AIQ is a joint venture between Abu Dhabi National Oil Company and Presight. It uses artificial intelligence and machine learning to help improve profitability in the energy industry, including at ADNOC. However, AIQ still derives most of its revenue from ADNOC. All other customers account for about 5% of its business. "At the end of the day, you need an entry into this international market, ?which we are trying to focus on right now," Chief Technology Officer Saravan Penubarthi said. The energy industry is increasingly adopting ?AI for cloud-based software, automation of remote operations and seismic data analysis ?to improve production and efficiency. AIQ also aims to pursue acquisition opportunities as part of its expansion strategy. "We sit on a ?ton of cash ... so deploying capital is definitely up front and center," CEO Jol said. AIQ's partners include Microsoft, Nvidia, Amazon Web Services, and ?US oilfield services providers SLB and Baker Hughes. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 04 2026 | 7:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 03 2026 | 10:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A parliamentary panel may recommend to the government how to monitor cryptocurrency transactions and what to do legally with such digital assets, a source aware of the matter said. The Parliamentary Standing Committee on Finance, headed by BJP MP Bhartruhari Mahtab, has examined various aspects of Virtual Digital Assets (VDAs), a legal term for cryptocurrencies and non-fungible tokens (NFTs), for over a year and held more than half a dozen meetings. The panel is currently preparing its report for submission to the Speaker of the Lok Sabha. There is a possibility that the committee may recommend to the government action for monitoring of cryptocurrency transactions and wider consultations on what to do legally with all such digital assets, the source said. The panel is also likely to suggest that the government bring in the latest technology for stricter monitoring of all digital assets. India does not recognise crypto as an asset and has issued no direction to regulate them in the country. In the past, the government informed Parliament that crypto assets are by definition borderless and require international collaboration to prevent regulatory arbitrage. It also said that any legislation for regulating or banning virtual digital assets can work only with international collaboration on evaluation of the risks and benefits and evolution of common taxonomy and standards. Last month, the Ministry of Finance announced to the general public that crypto products and NFTs (non-fungible tokens, unique digital certificates) are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions, it said. The Director, Financial Intelligence Unit-India (FIU-IND), which comes under the Ministry of Finance, recently issued notices for non-compliance to 15 Virtual Digital Assets Service Providers (VDA SPs) under the Prevention of Money Laundering Act, 2002(PMLA). The VDA SPs were brought into the ambit of Anti Money Laundering/Counter Financing of Terrorism (AML/CFT) framework under the provisions of the Prevention of Money Laundering Act, 2002 in March 2023. Cryptocurrency is a digital currency which makes use of encryption to regulate the generation of units of currency and to verify the transfer of funds, operating independently of a central bank. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 03 2026 | 7:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 03 2026 | 7:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
State-owned GAIL (India) Ltd's Director (Marketing) Sanjay Kumar has been appointed Managing Director and Chief Executive Officer of Petronet LNG Ltd, effective May 13, 2027, when the position falls vacant. According to a regulatory filing, Petronet's board cleared the top-level appointment during a brief 15-minute meeting held on October 2. Kumar will take over on May 13, 2027, when the existing CEO A K Singh's extended tenure ends. Kumar, 59, will have a five-year term. Petronet, India's largest gas importer, is majority owned by state-owned oil firms. While the superannuation age in public sector companies is 60 years, Petronet, though headed by the government's top bureaucrat in the Union Ministry of Petroleum and Natural Gas, is registered as a private limited company. Petronet is not under any government watchdog like CAG or CVC and is beyond the purview of RTI. Its board executives enjoy higher remuneration than PSUs and also retire at the age of 65 years. State-owned Indian Oil Corporation (IOC), GAIL (India) Ltd, Oil and Natural Gas Corp (ONGC) and Bharat Petroleum Corporation Ltd (BPCL) hold a 12.5 per cent stake each in the company. The heads of the four blue-chip oil firms, who sit on the board of Petronet, superannuate at the age of 60 years. Kumar has been director for marketing at gas utility GAIL since mid-June 2023. A mechanical engineer from IIT Kharagpur and an MBA, he brings over 35 years of sector experience across the natural gas and LNG value chain. Petronet LNG operates India's largest liquefied natural gas import terminal at Dahej in Gujarat and also operates an LNG terminal at Kochi in Kerala. Kumar's appointment comes at a time when India is seeking to raise the share of natural gas in its energy mix and expand LNG import and regasification infrastructure. Petronet LNG's Dahej terminal plays a key role in meeting the country's growing demand for imported natural gas. The company currently has 27.5 million tonnes a year (MMTPA) of regasification capacity, comprising 22.5 MMTPA at Dahej and 5 MMTPA at Kochi, and says it handles about 74 per cent of India's LNG imports and accounts for around 34 per cent of the country's gas supplies. The company is also pursuing expansion of its Dahej regasification capacity, a greenfield LNG terminal on India's east coast and a petrochemicals project at Dahej. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 03 2026 | 6:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Avenue Supermarts, which owns and operates the retail chain D-Mart, reported an 18.4 per cent rise in standalone revenue from operations to ?19,206.18 crore for the second quarter ended September 30, 2026. The company had reported revenue from operations at ?16,218.79 crore a year ago, Avenue Supermarts said in a regulatory filing on Saturday. "Standalone Revenue from operations for the quarter ended (QE) September 30, 2026, stood at ?19,206.18 crore," the company said in its update at the end of the quarter. The total number of stores of the Damani-family-promoted retail chain stood at 518 as of September 30. This also includes its Sanpada, Navi Mumbai, Maharashtra store, which is currently closed to customers due to reconstruction. On a quarter-on-quarter basis, D-Mart's revenue climbed 4.7 per cent. Its revenue was ?18,343.49 in the June quarter. Promoted by Radhakishan Damani and his family, D-Mart retails basic home and personal products across markets, including Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 03 2026 | 3:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Avenue Supermarts, which owns and operates the retail chain D-Mart, reported an 18.4 per cent rise in standalone revenue from operations to ?19,206.18 crore for the second quarter ended September 30, 2026. The company had reported revenue from operations at ?16,218.79 crore a year ago, Avenue Supermarts said in a regulatory filing on Saturday. "Standalone Revenue from operations for the quarter ended (QE) September 30, 2026, stood at ?19,206.18 crore," the company said in its update at the end of the quarter. The total number of stores of the Damani-family-promoted retail chain stood at 518 as of September 30. This also includes its Sanpada, Navi Mumbai, Maharashtra store, which is currently closed to customers due to reconstruction. On a quarter-on-quarter basis, D-Mart's revenue climbed 4.7 per cent. Its revenue was ?18,343.49 in the June quarter. Promoted by Radhakishan Damani and his family, D-Mart retails basic home and personal products across markets, including Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 03 2026 | 3:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market regulator Sebi is examining position limits for non-agricultural contracts to improve liquidity and depth without weakening risk controls, its chairman Tuhin Kanta Pandey said on Saturday. Speaking about reforms in the commodity derivatives market, Pandey said the market design should allow contracts to gain scale. In some agricultural commodities, physical settlement from the outset can impede market development, and a phased approach could allow contracts to mature before physical settlement becomes mandatory. He said Sebi has completed consultations on the matter and guidelines will follow. The regulator is also working to reduce structural friction in commodity markets, including engaging with stakeholders on GST-related issues affecting participants who give or receive commodities through exchange platforms. Pandey said technology should serve the specific needs of commodity markets, which include producers, commercial users, farmers, processors and physical hedgers. "Technology can improve access and efficiency, but its design must reflect their needs while preserving fair access and market integrity," he said at an event organised by CPAI (Commodity & Capital Market Participants Association of India). On investor awareness, Pandey said Sebi will strengthen efforts under Project Jagrook to spread awareness about commodity derivatives among farmers, farmer producer organisations (FPOs), MSMEs, hedgers and other market users. "Access without understanding is not inclusion," he said, stressing the need for participants to understand both the utility and risks associated with commodity derivatives. Sebi is also working towards deeper and more liquid cash markets, with wider participation, stronger securities borrowing and lending, and efficient hedging and arbitrage expected to improve price discovery and strengthen the interaction between cash and derivatives markets. Pandey said simpler regulation should not mean weaker compliance, and robust controls over client funds, margins, reporting and supervision remain fundamental. "Trust and market integrity" must not be compromised, he added. Last month, the Sebi board approved a proposal to allow foreign portfolio investors (FPIs) to participate in physically settled, non-agricultural commodity derivative contracts, subject to safeguards. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 03 2026 | 3:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market regulator Sebi will soon issue a framework on proposed changes to the Closing Auction Session (CAS) mechanism after receiving more than 3,500 comments on its consultation paper, its Chairman Tuhin Kanta Pandey said on Saturday. The Securities and Exchange Board of India (Sebi) had sought public comments on its proposal to review certain aspects of the CAS, market timings and the settlement methodology for derivative contracts. The deadline for submitting comments is October 3. Asked when the final framework or circular on CAS can be expected, Pandey said the regulator would quickly examine the responses and move ahead with the process. "Today is the last date, and we will actually quickly look at all these comments and go ahead, because I think our proposals are quite clear," Pandey said at an event organised by CPAI (Commodity & Capital Market Participants Association of India). The regulator would not require much time to compile and analyse the responses as the proposals in the consultation paper were clearly defined, he added. When asked whether a circular on the matter could be expected soon, he said, "Yes, it will be". Sebi in September proposed changes to the CAS framework and the methodology for determining settlement prices of index and stock derivatives on expiry days. The review followed the rollout of the CAS in the equity cash segment and concerns over its impact on derivatives settlement prices. The CAS is aimed at determining closing prices through an auction process. Sebi has said the review is intended to address specific issues while seeking views on different possible ways of resolving them. Pandey said the consultation process was designed to address a specific problem while allowing market participants to suggest different approaches to resolving it. Separately, speaking about the development of the corporate bond derivatives market, Pandey said regulatory enablement, technical infrastructure and market participation would all be important for the segment to grow. He said Sebi was seeking to promote exchange-traded systems in the bond market and had already taken steps such as introducing an electronic bidding platform for primary issuances, regulating online bond platform providers and strengthening the request-for-quote mechanism for secondary-market transactions. "Bond indices and derivatives will be, I would think, a major milestone going forward," Pandey said. On foreign portfolio investor (FPI) flows, Pandey said Sebi's role was to facilitate easier onboarding and access to Indian markets while investment decisions ultimately depend on returns and opportunities available across countries. He said Sebi was working with the Reserve Bank of India (RBI) on measures to further ease access for FPIs and noted that the regulator had already taken several steps, including allowing FPIs access to non-agricultural commodity derivatives. Pandey said FPIs' holdings could rise or fall depending on investment opportunities across markets. "All we can do at the regulatory stage is to listen to what the FPIs have to say, ease their onboarding and access," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 03 2026 | 2:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nayara Energy, India's largest private fuel retailer, has raised petrol prices by ?5 per litre and diesel by ?3 with immediate effect, seeking to narrow the gap between retail prices and rising international oil and refined-product costs, people familiar with the matter said. The latest increase comes amid renewed pressure on fuel retailers from higher global energy prices and follows a series of price adjustments by Nayara this year as refiners grapple with the impact of geopolitical disruptions on crude and product markets. Nayara, which operates 7,108 petrol pumps across the country, raised petrol and diesel prices with effect from early hours of Saturday, sources said. An email sent to Nayara spokesperson for comments remained unanswered. Nayara was the first fuel retailer to pass on the surge in international oil prices to consumers when the Iran conflict disrupted energy supplies earlier this year. On March 26, it raised petrol prices by ?5 a litre and diesel by ?3, taking the rates at its outlets to ?100.71 and ?91.31 a litre, respectively, at the time. State-owned fuel retailers subsequently began raising pump prices in May. They increased petrol and diesel prices in a series of staggered moves, with the cumulative increase reaching about ?7.50 a litre each by late May. The fourth increase on May 25 was ?2.61 a litre for petrol and ?2.71 for diesel. Nayara later reversed its March increase. On July 1, the company cut petrol prices by ?5 a litre and diesel by ?3, after international crude prices eased as tensions in West Asia subsided. The reduction was the first by a fuel retailer in more than two years and brought Nayara's pricing broadly back in line with state-owned retailers. The latest hike, therefore, marks a renewed attempt by the private retailer to pass through higher costs after a period of relatively subdued retail prices. State-owned oil marketing companies - Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation - control more than 90 per cent of the country's 1,04,137 fuel petrol pumps and have historically kept pump prices relatively stable even when international crude prices fluctuate. The pricing gap has become increasingly consequential for fuel retailers. On October 1, the government said private retailers should not cap petrol and diesel sales at their outlets, after Nayara and Jio-bp restricted volumes at some pumps amid losses on retail sales. Officials said the gap between retail and bulk diesel prices had encouraged industrial consumers to buy cheaper fuel from retail outlets, putting pressure on supplies. Jio-bp, the fuel retailing joint venture of Reliance Industries Ltd and bp of the UK, which operates 2,304 petrol pumps, has so far not revised petrol and diesel prices. Rating agency Icra last month estimated that oil marketing companies were incurring negative marketing margins of around ?8 per litre on petrol and ?9 per litre on diesel in September, as retail prices remained unchanged despite a sharp rise in crude and petroleum-product prices. Icra said OMCs were losing about ?530 crore a day across petrol, diesel and LPG, with elevated crude prices and unchanged domestic fuel prices putting pressure on their profitability and cash flows. The agency had said that the combined refining and marketing operations of OMCs break even when crude prices are in the range of $85-90 a barrel; beyond that level, and without corresponding retail price increases, marketing losses are likely to emerge. Nayara operates a 20 million-tonne-a-year refinery at Vadinar in Gujarat and has more than 7,000 fuel stations across the country. The price increase could widen the pricing differential between private and state-owned fuel outlets in the near term. If sustained, higher retail fuel prices could feed into freight and operating costs, while a broader pass-through by oil companies would have implications for household inflation and fuel demand. At the same time, keeping pump prices below market-linked costs leaves refiners and fuel retailers carrying larger losses, creating pressure for further price adjustments. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 03 2026 | 12:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 03 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BlackSoil MD Ankur Bansal said that demand for debt is growing as Indian IPO market has started to mature This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 02 2026 | 11:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India’s ageing population points to a substantial long-term opportunity for senior living | Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India’s ageing population points to a substantial long-term opportunity for senior living | Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India’s inflation-targeting framework has kept price stability at the core of monetary policy since 2016. (Illustration: Binay Sinha). This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India’s inflation-targeting framework has kept price stability at the core of monetary policy since 2016. (Illustration: Binay Sinha). This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
T Sathish Kumar, Chairman and Managing Director, Milky Mist | Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
T Sathish Kumar, Chairman and Managing Director, Milky Mist | Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
T Sathish Kumar, Chairman and Managing Director, Milky Mist | Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
T Sathish Kumar, Chairman and Managing Director, Milky Mist | Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
T Sathish Kumar, Chairman and Managing Director, Milky Mist | Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
T Sathish Kumar, Chairman and Managing Director, Milky Mist | Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
T Sathish Kumar, Chairman and Managing Director, Milky Mist | Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
T Sathish Kumar, Chairman and Managing Director, Milky Mist | Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
T Sathish Kumar, Chairman and Managing Director, Milky Mist | Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 02 2026 | 10:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 02 2026 | 10:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Steel demand and prices show signs of recovery as the sector enters the busy season. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Steel demand and prices show signs of recovery as the sector enters the busy season. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 02 2026 | 8:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 02 2026 | 7:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 02 2026 | 7:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 02 2026 | 7:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 02 2026 | 7:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A key reason markets were weak in September, despite strong GDP numbers, was the sharp rise in US Treasury yields, said Amit Khurana, group chief executive officer and head of institutional equities at Dolat Capital This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A key reason markets were weak in September, despite strong GDP numbers, was the sharp rise in US Treasury yields, said Amit Khurana, group chief executive officer and head of institutional equities at Dolat Capital This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Low-P/E IPOs delivered strong post-listing gains, particularly those raising fresh capital. First Published: Oct 02 2026 | 6:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Low-P/E IPOs delivered strong post-listing gains, particularly those raising fresh capital. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Low-P/E IPOs delivered strong post-listing gains, particularly those raising fresh capital. First Published: Oct 02 2026 | 6:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries plans to invest Rs 1 trillion in Andhra Pradesh to set up compressed biogas plants, creating more than 3 lakh jobs and generating nearly Rs 60,000 crore in revenue for the state over the coming decades, the company's executive director Anant M Ambani said on Friday. Speaking at the foundation stone laying ceremony for the Rayalaseema Horticulture Hub and Indian School of Agriculture in Madanapalle, Ambani said the investment would support the state's transition towards cleaner energy while creating new opportunities for farmers. "Our kisans, who ensure India's food security, will now strengthen India's energy security too - making India self-reliant in energy," he said. "That is why Reliance Industries is grateful to the Government of Andhra Pradesh for the opportunity to invest Rs 1 trillion in the state to set up compressed biogas (CBG) plants." CBG is a renewable fuel produced by processing organic waste such as agricultural residue, animal dung, food waste and other biomass into methane-rich gas that can be used as a cleaner alternative to conventional natural gas, including in transport, industry and commercial applications. Beyond reducing waste and emissions, CBG can help cut dependence on imported fossil fuels, create new markets for agricultural and organic waste, generate rural jobs and income, and support a more circular economy by converting waste into energy and nutrient-rich bio-manure. "These (CBG plants) will create over 3 lakh jobs and bring nearly Rs 60,000 crore in revenue to the state over the next decades," he said. He also said Reliance was investing in clean-energy projects in Rayalaseema and pursuing opportunities in advanced manufacturing. Ambani, the youngest son of billionaire Mukesh Ambani, cited state government data showing that Andhra Pradesh had approved 388 mega projects since June 2024, with investment commitments exceeding Rs 14 trillion and potential employment of nearly 11 lakh people. About a third of those investments are headed to the Rayalaseema region, he said. The Reliance executive said the group would continue supporting the Indian School of Agriculture through strategic investment, digital capabilities, technical expertise and industry partnerships. "I request you: Treat me as a son of Andhra," Ambani told Chief Minister N Chandrababu Naidu. "Today, we are not just laying foundation stones. We are laying the foundations for rural enterprise, stronger villages, a more sustainable India, and most importantly, for improving the lives of our farmers," he said. The proposed horticulture hub, backed by an investment of Rs 40,000 crore, will seek to promote technology-driven agriculture in the Rayalaseema region, he added. "Today, the Rayalaseema Horticulture Hub, backed by Rs 40,000 crore, brings the rising sun of India's growth to Rayalaseema," Ambani said. He said the Indian School of Agriculture would combine artificial intelligence and modern technology with farmers' traditional knowledge, with applications ranging from pest prediction and drone-based crop monitoring to precision irrigation, robotics and price intelligence. "Here in this School, Artificial Intelligence will meet the Traditional Intelligence of Bharat's hard-working Kisans," he said. Ambani said Reliance's Jio would collaborate with the Indian School of Agriculture to take its training programmes to millions of farmers in Indian languages through virtual classrooms in villages. Rural youth could be trained as digitally enabled extension workers, he added. Jio has also developed a platform called Jio Krishi, which offers products aimed at farmers, while Reliance has established a research and development centre for bio-energy development in Jamnagar, he said. Ambani also said Reliance would explore cooperation between the Indian School of Agriculture and Vantara's proposed university for wildlife and veterinary sciences. He said the initiative could help make agriculture a more attractive career for young Indians by giving them access to technology, skills and entrepreneurship opportunities within their villages. "Let us give them the skills, technology and enterprise to build successful futures in their own villages," Ambani said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 02 2026 | 5:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries plans to invest Rs 1 trillion in Andhra Pradesh to set up compressed biogas plants, creating more than 3 lakh jobs and generating nearly Rs 60,000 crore in revenue for the state over the coming decades, the company's executive director Anant M Ambani said on Friday. Speaking at the foundation stone laying ceremony for the Rayalaseema Horticulture Hub and Indian School of Agriculture in Madanapalle, Ambani said the investment would support the state's transition towards cleaner energy while creating new opportunities for farmers. "Our kisans, who ensure India's food security, will now strengthen India's energy security too - making India self-reliant in energy," he said. "That is why Reliance Industries is grateful to the Government of Andhra Pradesh for the opportunity to invest Rs 1 trillion in the state to set up compressed biogas (CBG) plants." CBG is a renewable fuel produced by processing organic waste such as agricultural residue, animal dung, food waste and other biomass into methane-rich gas that can be used as a cleaner alternative to conventional natural gas, including in transport, industry and commercial applications. Beyond reducing waste and emissions, CBG can help cut dependence on imported fossil fuels, create new markets for agricultural and organic waste, generate rural jobs and income, and support a more circular economy by converting waste into energy and nutrient-rich bio-manure. "These (CBG plants) will create over 3 lakh jobs and bring nearly Rs 60,000 crore in revenue to the state over the next decades," he said. He also said Reliance was investing in clean-energy projects in Rayalaseema and pursuing opportunities in advanced manufacturing. Ambani, the youngest son of billionaire Mukesh Ambani, cited state government data showing that Andhra Pradesh had approved 388 mega projects since June 2024, with investment commitments exceeding Rs 14 trillion and potential employment of nearly 11 lakh people. About a third of those investments are headed to the Rayalaseema region, he said. The Reliance executive said the group would continue supporting the Indian School of Agriculture through strategic investment, digital capabilities, technical expertise and industry partnerships. "I request you: Treat me as a son of Andhra," Ambani told Chief Minister N Chandrababu Naidu. "Today, we are not just laying foundation stones. We are laying the foundations for rural enterprise, stronger villages, a more sustainable India, and most importantly, for improving the lives of our farmers," he said. The proposed horticulture hub, backed by an investment of Rs 40,000 crore, will seek to promote technology-driven agriculture in the Rayalaseema region, he added. "Today, the Rayalaseema Horticulture Hub, backed by Rs 40,000 crore, brings the rising sun of India's growth to Rayalaseema," Ambani said. He said the Indian School of Agriculture would combine artificial intelligence and modern technology with farmers' traditional knowledge, with applications ranging from pest prediction and drone-based crop monitoring to precision irrigation, robotics and price intelligence. "Here in this School, Artificial Intelligence will meet the Traditional Intelligence of Bharat's hard-working Kisans," he said. Ambani said Reliance's Jio would collaborate with the Indian School of Agriculture to take its training programmes to millions of farmers in Indian languages through virtual classrooms in villages. Rural youth could be trained as digitally enabled extension workers, he added. Jio has also developed a platform called Jio Krishi, which offers products aimed at farmers, while Reliance has established a research and development centre for bio-energy development in Jamnagar, he said. Ambani also said Reliance would explore cooperation between the Indian School of Agriculture and Vantara's proposed university for wildlife and veterinary sciences. He said the initiative could help make agriculture a more attractive career for young Indians by giving them access to technology, skills and entrepreneurship opportunities within their villages. "Let us give them the skills, technology and enterprise to build successful futures in their own villages," Ambani said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 02 2026 | 5:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries plans to invest Rs 1 trillion in Andhra Pradesh to set up compressed biogas plants, creating more than 3 lakh jobs and generating nearly Rs 60,000 crore in revenue for the state over the coming decades, the company's executive director Anant M Ambani said on Friday. Speaking at the foundation stone laying ceremony for the Rayalaseema Horticulture Hub and Indian School of Agriculture in Madanapalle, Ambani said the investment would support the state's transition towards cleaner energy while creating new opportunities for farmers. "Our kisans, who ensure India's food security, will now strengthen India's energy security too - making India self-reliant in energy," he said. "That is why Reliance Industries is grateful to the Government of Andhra Pradesh for the opportunity to invest Rs 1 trillion in the state to set up compressed biogas (CBG) plants." CBG is a renewable fuel produced by processing organic waste such as agricultural residue, animal dung, food waste and other biomass into methane-rich gas that can be used as a cleaner alternative to conventional natural gas, including in transport, industry and commercial applications. Beyond reducing waste and emissions, CBG can help cut dependence on imported fossil fuels, create new markets for agricultural and organic waste, generate rural jobs and income, and support a more circular economy by converting waste into energy and nutrient-rich bio-manure. "These (CBG plants) will create over 3 lakh jobs and bring nearly Rs 60,000 crore in revenue to the state over the next decades," he said. He also said Reliance was investing in clean-energy projects in Rayalaseema and pursuing opportunities in advanced manufacturing. Ambani, the youngest son of billionaire Mukesh Ambani, cited state government data showing that Andhra Pradesh had approved 388 mega projects since June 2024, with investment commitments exceeding Rs 14 trillion and potential employment of nearly 11 lakh people. About a third of those investments are headed to the Rayalaseema region, he said. The Reliance executive said the group would continue supporting the Indian School of Agriculture through strategic investment, digital capabilities, technical expertise and industry partnerships. "I request you: Treat me as a son of Andhra," Ambani told Chief Minister N Chandrababu Naidu. "Today, we are not just laying foundation stones. We are laying the foundations for rural enterprise, stronger villages, a more sustainable India, and most importantly, for improving the lives of our farmers," he said. The proposed horticulture hub, backed by an investment of Rs 40,000 crore, will seek to promote technology-driven agriculture in the Rayalaseema region, he added. "Today, the Rayalaseema Horticulture Hub, backed by Rs 40,000 crore, brings the rising sun of India's growth to Rayalaseema," Ambani said. He said the Indian School of Agriculture would combine artificial intelligence and modern technology with farmers' traditional knowledge, with applications ranging from pest prediction and drone-based crop monitoring to precision irrigation, robotics and price intelligence. "Here in this School, Artificial Intelligence will meet the Traditional Intelligence of Bharat's hard-working Kisans," he said. Ambani said Reliance's Jio would collaborate with the Indian School of Agriculture to take its training programmes to millions of farmers in Indian languages through virtual classrooms in villages. Rural youth could be trained as digitally enabled extension workers, he added. Jio has also developed a platform called Jio Krishi, which offers products aimed at farmers, while Reliance has established a research and development centre for bio-energy development in Jamnagar, he said. Ambani also said Reliance would explore cooperation between the Indian School of Agriculture and Vantara's proposed university for wildlife and veterinary sciences. He said the initiative could help make agriculture a more attractive career for young Indians by giving them access to technology, skills and entrepreneurship opportunities within their villages. "Let us give them the skills, technology and enterprise to build successful futures in their own villages," Ambani said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 02 2026 | 5:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries plans to invest Rs 1 trillion in Andhra Pradesh to set up compressed biogas plants, creating more than 3 lakh jobs and generating nearly Rs 60,000 crore in revenue for the state over the coming decades, the company's executive director Anant M Ambani said on Friday. Speaking at the foundation stone laying ceremony for the Rayalaseema Horticulture Hub and Indian School of Agriculture in Madanapalle, Ambani said the investment would support the state's transition towards cleaner energy while creating new opportunities for farmers. "Our kisans, who ensure India's food security, will now strengthen India's energy security too - making India self-reliant in energy," he said. "That is why Reliance Industries is grateful to the Government of Andhra Pradesh for the opportunity to invest Rs 1 trillion in the state to set up compressed biogas (CBG) plants." CBG is a renewable fuel produced by processing organic waste such as agricultural residue, animal dung, food waste and other biomass into methane-rich gas that can be used as a cleaner alternative to conventional natural gas, including in transport, industry and commercial applications. Beyond reducing waste and emissions, CBG can help cut dependence on imported fossil fuels, create new markets for agricultural and organic waste, generate rural jobs and income, and support a more circular economy by converting waste into energy and nutrient-rich bio-manure. "These (CBG plants) will create over 3 lakh jobs and bring nearly Rs 60,000 crore in revenue to the state over the next decades," he said. He also said Reliance was investing in clean-energy projects in Rayalaseema and pursuing opportunities in advanced manufacturing. Ambani, the youngest son of billionaire Mukesh Ambani, cited state government data showing that Andhra Pradesh had approved 388 mega projects since June 2024, with investment commitments exceeding Rs 14 trillion and potential employment of nearly 11 lakh people. About a third of those investments are headed to the Rayalaseema region, he said. The Reliance executive said the group would continue supporting the Indian School of Agriculture through strategic investment, digital capabilities, technical expertise and industry partnerships. "I request you: Treat me as a son of Andhra," Ambani told Chief Minister N Chandrababu Naidu. "Today, we are not just laying foundation stones. We are laying the foundations for rural enterprise, stronger villages, a more sustainable India, and most importantly, for improving the lives of our farmers," he said. The proposed horticulture hub, backed by an investment of Rs 40,000 crore, will seek to promote technology-driven agriculture in the Rayalaseema region, he added. "Today, the Rayalaseema Horticulture Hub, backed by Rs 40,000 crore, brings the rising sun of India's growth to Rayalaseema," Ambani said. He said the Indian School of Agriculture would combine artificial intelligence and modern technology with farmers' traditional knowledge, with applications ranging from pest prediction and drone-based crop monitoring to precision irrigation, robotics and price intelligence. "Here in this School, Artificial Intelligence will meet the Traditional Intelligence of Bharat's hard-working Kisans," he said. Ambani said Reliance's Jio would collaborate with the Indian School of Agriculture to take its training programmes to millions of farmers in Indian languages through virtual classrooms in villages. Rural youth could be trained as digitally enabled extension workers, he added. Jio has also developed a platform called Jio Krishi, which offers products aimed at farmers, while Reliance has established a research and development centre for bio-energy development in Jamnagar, he said. Ambani also said Reliance would explore cooperation between the Indian School of Agriculture and Vantara's proposed university for wildlife and veterinary sciences. He said the initiative could help make agriculture a more attractive career for young Indians by giving them access to technology, skills and entrepreneurship opportunities within their villages. "Let us give them the skills, technology and enterprise to build successful futures in their own villages," Ambani said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 02 2026 | 5:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries plans to invest Rs 1 trillion in Andhra Pradesh to set up compressed biogas plants, creating more than 3 lakh jobs and generating nearly Rs 60,000 crore in revenue for the state over the coming decades, the company's executive director Anant M Ambani said on Friday. Speaking at the foundation stone laying ceremony for the Rayalaseema Horticulture Hub and Indian School of Agriculture in Madanapalle, Ambani said the investment would support the state's transition towards cleaner energy while creating new opportunities for farmers. "Our kisans, who ensure India's food security, will now strengthen India's energy security too - making India self-reliant in energy," he said. "That is why Reliance Industries is grateful to the Government of Andhra Pradesh for the opportunity to invest Rs 1 trillion in the state to set up compressed biogas (CBG) plants." CBG is a renewable fuel produced by processing organic waste such as agricultural residue, animal dung, food waste and other biomass into methane-rich gas that can be used as a cleaner alternative to conventional natural gas, including in transport, industry and commercial applications. Beyond reducing waste and emissions, CBG can help cut dependence on imported fossil fuels, create new markets for agricultural and organic waste, generate rural jobs and income, and support a more circular economy by converting waste into energy and nutrient-rich bio-manure. "These (CBG plants) will create over 3 lakh jobs and bring nearly Rs 60,000 crore in revenue to the state over the next decades," he said. He also said Reliance was investing in clean-energy projects in Rayalaseema and pursuing opportunities in advanced manufacturing. Ambani, the youngest son of billionaire Mukesh Ambani, cited state government data showing that Andhra Pradesh had approved 388 mega projects since June 2024, with investment commitments exceeding Rs 14 trillion and potential employment of nearly 11 lakh people. About a third of those investments are headed to the Rayalaseema region, he said. The Reliance executive said the group would continue supporting the Indian School of Agriculture through strategic investment, digital capabilities, technical expertise and industry partnerships. "I request you: Treat me as a son of Andhra," Ambani told Chief Minister N Chandrababu Naidu. "Today, we are not just laying foundation stones. We are laying the foundations for rural enterprise, stronger villages, a more sustainable India, and most importantly, for improving the lives of our farmers," he said. The proposed horticulture hub, backed by an investment of Rs 40,000 crore, will seek to promote technology-driven agriculture in the Rayalaseema region, he added. "Today, the Rayalaseema Horticulture Hub, backed by Rs 40,000 crore, brings the rising sun of India's growth to Rayalaseema," Ambani said. He said the Indian School of Agriculture would combine artificial intelligence and modern technology with farmers' traditional knowledge, with applications ranging from pest prediction and drone-based crop monitoring to precision irrigation, robotics and price intelligence. "Here in this School, Artificial Intelligence will meet the Traditional Intelligence of Bharat's hard-working Kisans," he said. Ambani said Reliance's Jio would collaborate with the Indian School of Agriculture to take its training programmes to millions of farmers in Indian languages through virtual classrooms in villages. Rural youth could be trained as digitally enabled extension workers, he added. Jio has also developed a platform called Jio Krishi, which offers products aimed at farmers, while Reliance has established a research and development centre for bio-energy development in Jamnagar, he said. Ambani also said Reliance would explore cooperation between the Indian School of Agriculture and Vantara's proposed university for wildlife and veterinary sciences. He said the initiative could help make agriculture a more attractive career for young Indians by giving them access to technology, skills and entrepreneurship opportunities within their villages. "Let us give them the skills, technology and enterprise to build successful futures in their own villages," Ambani said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 02 2026 | 5:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 02 2026 | 5:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At the current price of ?1,145, the stock is trading at 25 times its FY28 earnings estimates, a premium to its five-year historical average This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At the current price of ?1,145, the stock is trading at 25 times its FY28 earnings estimates, a premium to its five-year historical average This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The eight cities are -- Mumbai, Delhi-NCR, Chennai, Kolkata, Bengaluru, Hyderabad, Pune and Ahmedabad Leasing of retail space in shopping malls fell 38 per cent to 0.71 million square feet in July-September across eight major cities due to supply constraints, according to Cushman & Wakefield. Data from real estate consultant Cushman & Wakefield showed that gross leasing of retail space in high-street locations rose 33 per cent to 1.51 million sq ft in the third quarter of the 2026 calendar year. The eight cities are -- Mumbai, Delhi-NCR, Chennai, Kolkata, Bengaluru, Hyderabad, Pune and Ahmedabad. Including shopping malls and high-street locations, total retail space leasing fell nearly 5 per cent to 2.22 million square feet in the latest September quarter from 2.33 million sq ft in the year-ago period. High street retail locations dominated leasing activities in the September quarter of 2026, accounting for 68 per cent of the total gross leasing. The share of shopping malls stood at 32 per cent of overall leasing. Of the eight cities, leasing activities were down only in Mumbai and Pune. The remaining six cities showed an upward trend. Despite a fall in the September quarter, total leasing of retail spaces rose marginally to 6.57 million sq ft in the January-September period. Gautam Saraf, Executive Managing Director, Mumbai & New Business, Cushman & Wakefield, said, "India's retail market continues to demonstrate steady underlying occupier interest, even as quality retail space remains constrained". He noted that total leasing activities during the January-September period rose, even as the eight cities did not witness any opening of new shopping malls. The limited availability of premium retail space is increasingly influencing the pace of leasing, he said. On the supply side, he said vacancy levels in Grade A malls have tightened to below 5 per cent. "Against this backdrop, the 12.7 million sq ft supply pipeline through 2028 comes at an important point in the market cycle. As this stock enters the market, it should create greater headroom for brands to expand and could unlock demand currently constrained by limited options," Saraf said. Commenting on the report, Shriram PM Monga, co-founder at property consultancy firm SRED Global, said, "When quality mall space is scarce, retailers naturally turn to high streets, and this quarter's numbers show that clearly". "For NCR retailers, high streets are no longer simply a second choice. With Grade A mall vacancy at just 4.8 per cent, a well-located high-street store can offer brands strong visibility and direct access to consumers, and the best addresses are being priced accordingly. "This dynamic could evolve as NCR leads the 12.7 MSF of new Grade A mall supply expected through 2028," he said. Monga noted that malls and high streets would work alongside each other rather than competing. "For brands, the practical approach is increasingly about having the right mix - high streets for visibility and everyday footfall, and malls for scale and a more complete consumer experience," he advised. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 02 2026 | 12:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The central bank uses OMOs to drain rupee liquidity from the banking system for a longer duration or permanently by selling government securities This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 02 2026 | 9:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian shares fell on Friday as investors grappled with wild swings in bond and currency markets ahead of key US jobs data, while a widening military buildup in the Gulf kept oil prices elevated. Bond markets were again the centre of volatility overnight, with the benchmark 10-year US Treasury yields hitting the highest since 2002 at 5.34% after capping the biggest quarterly rise in 32 years. They later retreated and were steady at 5.2512% in Asia. Fiscal worries in France pushed the spread between French ?and German sovereign bond yields above 140 basis points, the widest since 2012, rattling European stocks and hitting the euro hard. The single currency slid as far as $1.1215, the lowest since May 2025, and sank against the yen and the Swiss franc. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5% and was on track for a weekly decline of 1.7%. Japan's Nikkei dropped 0.7% but was set for a gain of 3.1% for the week. Mainland Chinese markets are closed for a public holiday through Wednesday of next week. Nasdaq futures rose 0.3% and S&P 500 futures inched up 0.1% after the pullback in Treasury yields helped Wall Street stage a late rebound. All eyes are on the US nonfarm payrolls due later in the day. Forecasts are centred on a rise of 90,000 jobs in September, while the employment rate is likely to be steady at 4.1%. Much attention will be on hourly earnings after the ISM survey showed a huge jump in prices paid, pointing to more cost pressures. "With the Fed now myopically focused on ?inflation and price pressures, a hot wages print could prove particularly influential for US rates, Treasuries and the USD," said Chris Weston, head of research at Pepperstone. "Risk assets have so far absorbed the rise in US real yields, and long-end nominal Treasury yields remarkably well. However, a sustained increase in term premium could be far more problematic." Markets currently price in a 25% probability that the Fed will raise interest rates again in October, down sharply from 69% a week ago after two top policymakers staked out an unusually clear case for taking in more data before deciding what to do next with interest rates. However, a hike in December is still fully priced in. PROBLEMS IN EUROPE Dovish comments from Fed officials drove a big rally in 2-year Treasuries overnight, with the yield curve bull steepening as short-end yields fell. The 2-year yield was last up 1 basis point (bp) at 4.8039%, after falling 10 bps overnight. The 10-year Treasury yield rose 2 bps to ?5.2575%, having dropped 6 bps overnight to ease from a 24-year high of 5.3445% as the brutal sell-off finally tempted some buyers back into the market. The rout in European bonds, with French yields hitting 14-year highs, may have also helped drive safe-haven flows back to US Treasuries, the dollar and the Swiss franc. The U.S. ?dollar index, which gauges the currency against six peers including the euro and franc, was firm at 102.09 on Friday, having rallied 0.6% overnight to hit the highest ?level since April 2025. It is set for a third straight week of gains, up 1.1%. The euro was much weaker at $1.1235, having slid 0.8% overnight. It also sank against the yen and the franc, down 0.8% and 1%, respectively. The yen traded at 158.13 per dollar after data showed underlying ?inflation in Japan's capital accelerated to an annual rate of 2.7% in September, bolstering the case for further interest rate hikes. Oil prices remained firm on Friday after jumping overnight, with the US reportedly sending more troops and carriers to the Middle East. China also suspended oil product exports, stoking fears that global ?fuel shortages could worsen. US West Texas Intermediate crude futures were steady at $92.84 a barrel, after finishing nearly 3% higher overnight. The contract for Brent crude futures rolled, but they held above $102 a barrel. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 02 2026 | 8:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock market holiday: BSE, NSE closed today on Gandhi Jayanti First Published: Oct 02 2026 | 7:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 02 2026 | 7:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 02 2026 | 12:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The government is offering incentives to help build Indian smartphone brands. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jio Platforms Managing Director Akash Ambani (@RelianceUpdates/YT) Jio Platform is giving final touches to its public offer documents, touted as India's largest at an estimated USD 3.8 billion, after concluding worldwide roadshows, according to a source aware of the development. The roadshows overseas were led by Jio Platforms Managing Director and Reliance Jio Chairman Akash Ambani and Reliance Retail Ventures Limited Executive Director, Isha Ambani. "Jio Platforms has completed the first leg of the IPO after roadshows with potential investors globally. The roadshows were held in the US, UK, Dubai, Singapore and Hong Kong. Now, the company has started preparations for filing a red herring prospectus," a source aware of the development told PTI. An email query sent to Jio Platforms elicited no response. The digital services arm of billionaire Mukesh Ambani's Reliance Industries, Jio Platforms, last month received approval from markets regulator Sebi to proceed with its initial public offering, paving the way for what would be the country's largest stock-market listing. The Securities and Exchange Board of India (Sebi) had issued its final observations on August 28. Jio Platforms had filed its draft IPO papers in June. According to its draft prospectus, the company plans to issue up to 27 crore fresh equity shares, equivalent to about 2.9 per cent of its post-issue equity base. The offering could value Jio Platforms at about USD 137 billion, people familiar with the matter had earlier indicated. The proceeds will be used primarily to repay or prepay, in whole or in part, about Rs 27,500 crore of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, according to the draft prospectus. The remainder is earmarked for general corporate purposes. The public offering comes as India's primary market has remained active, with strong participation from retail investors and domestic institutions. More than two dozen IPOs have been announced or launched since July 1, nearly matching the 28 recorded in the first half of 2026. Jio Platforms houses Reliance's digital businesses, including its telecommunications operations. Reliance Jio Infocomm, the telecom arm of JPL, dominates the Indian telecom market with a 32.89 per cent market share in fixed-line connections, serving 157.9 million customers, and a 39.29 per cent share in mobile connections, with 506 million customers. JPL has the largest 5G Standalone network outside China, with 26.85 crore 5G customers as of June 2026. Jio leads the Fixed Wireless Access segment globally with about 1.5 crore subscribers, roughly 1.5 times the second-largest player, US-based T-Mobile. Jio claims that its 5G network's carrying capacity is close to 60 per cent of India's wireless data traffic, one of the largest in the world. Leveraging its network and data traffic capacity, Jio has expanded its business into other areas of the digital ecosystem, including cloud, artificial intelligence and enterprise network services. For FY26, Jio Platforms posted a 15 per cent rise in profit after tax to Rs 30,053 crore and a 14.5 per cent increase in the annual revenue to Rs 1,46,885 crore. Jio Platforms has previously drawn major global technology and financial investors - in 2020, Meta invested Rs 43,574 crore for a 9.99 per cent stake, while Google invested Rs 33,737 crore for a 7.73 per cent holding. Other investors, including Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, Abu Dhabi Investment Authority, TPG, L Catterton, Intel Capital and Qualcomm Ventures collectively invested about Rs 74,745 crore for roughly a 15.2 per cent stake. Reliance Industries owns about 66.4 per cent of Jio Platforms, and Meta and Google together hold about 17.7 per cent, according to the draft prospectus. The IPO would be the first public offering from the Reliance group since 2008 and the first IPO of a consumer-focused business within the conglomerate. While Jio Platforms is chaired by Ambani, his eldest son Akash is its managing director. Akash is also the chairman of Reliance Jio Infocomm Ltd, the telecom arm of the company. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 01 2026 | 10:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian companies defied a secondary market slump to raise 2.43 trillion rupees ($25.27 billion) in the first half of fiscal 2027, a record for the period, data showed on Thursday, as domestic investors sought fresh opportunities to deploy capital. Not only did equity fundraising jump 75% year-on-year in April-September, ?according to PRIME Database Group, but average listing gains also jumped to 19% from 7%. In contrast, the benchmark Nifty 50 inched up 1.3% in the period. Pranav Haldea, managing director of PRIME Database Group, cited two reasons for the "unusual" divergence between the primary and secondary markets - a backlog of initial public offerings over the last 2-3 years and strong domestic liquidity. The half-year had long-awaited IPOs from big-ticket companies, including bourse operator NSE's $2.3 billion issue, India's second-largest on record, the country's largest asset manager SBI Funds Management's $1.03 billion IPO and hospital chain operator Manipal Health Enterprises' $960 million offering. Mainboard IPOs raised a record 942.05 billion rupees across 78 issues, 35% higher than the previous record ?set in the first half of fiscal 2026, data showed. In April, India's market regulator granted a one-time extension for IPOs deferred due to weak market sentiment from the Middle East war, whose approvals were lapsing between April and September, adding to the surge. Investors also looked for niche opportunities, with a number of listings coming from sectors thinly represented on Indian bourses, according to Yatin Singh, CEO - investment banking at Emkay Global Financial Services, offering them a way into newer corners of the economy. Some of these include furniture rental platform Rentomojo, supply chain asset pooling company LEAP India and Asset Reconstruction ?Company (India), among others. Meanwhile, the government's spree of divestments from companies such as Life Insurance Corp of India and Coal India pushed secondary stock offerings fivefold higher to 553.37 billion rupees. Of this, LIC's 6.5% ?stake sale alone accounted for about 314 billion rupees. Qualified institutional placements also jumped 36% to 615.53 billion rupees, ?led by Gautam Adani-led Adani Enterprises. The rush is showing little sign of slowing down. Nearly 250 companies are in the pipeline to raise about 4.65 trillion rupees through IPOs, according to PRIME Database. This ?includes Jio Platforms' $3.8 billion IPO, Danish brewer Carlsberg's India business, and hotel aggregator Oyo's parent Prism. "Things are not going to change dramatically in the second half unless any fundamental aspects, globally or in India, change ?materially from where we are right now," Singh added. ($1 = 96.1625 Indian rupees) (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 01 2026 | 10:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 01 2026 | 10:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 01 2026 | 9:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 01 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Inox Clean Energy Limited Markets regulator Sebi has kept in 'abeyance' the draft offer documents of Inox Clean Energy Ltd, which is looking to raise up to Rs 10,000 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth up to Rs 8,000 crore and an offer-for-sale (OFS) of shares, amounting to Rs 2,000 crore by promoter Devansh Jain, according to the draft red herring prospectus (DRHP). The status of the issue was updated by the Securities and Exchange Board of India (Sebi) on Thursday under the list of IPOs whose observations have been kept in abeyance. The company had filed its draft papers with the regulator on September 29. Without specifying reasons, the regulator stated that the "issuance of observations (has been) kept in abeyance", according to an update on its website. The proposed issue could rank among the largest IPOs in India's private-sector renewable energy space. Inox Clean Energy, part of the INOXGFL Group, proposes to use the proceeds from the fresh issue primarily for repayment or prepayment, in full or in part, of certain outstanding borrowings of the company and its subsidiaries, besides general corporate purposes. The company operates an integrated renewable energy platform with two principal businesses renewable power generation and solar manufacturing. As of August 31, 2026, its renewable independent power producer (IPP) portfolio stood at 9.29 GW across India and Africa. This included 2.37 GW of operational capacity, with around 0.80 GW under construction, 2.99 GW of pipeline capacity and 3.13 GW of future capacity, according to the DRHP. Its solar manufacturing business has an operational solar module manufacturing capacity of 6 GW across India and the US, while solar cell manufacturing capacity is under construction in India and the US. After the IPO, Inox Clean Energy will compete with a growing number of listed renewable energy companies, including Adani Green Energy, NTPC Green Energy, ACME Solar Holdings, Waaree Energies, Premier Energies, Clean Max Enviro Energy Solutions and JSW Energy. The company is part of the broader INOXGFL Group, which has interests in chemicals and renewable energy. The group has three listed entities - Gujarat Fluorochemicals Ltd, Inox Wind Ltd and Inox Green Energy Services Ltd. The group has integrated capabilities spanning solar module manufacturing, wind power generation, engineering, procurement and construction (EPC) and renewable energy operations and maintenance. Nuvama Wealth Management, CLSA India, Emirates NBD Capital India, HSBC Securities and Capital Markets (India), ICICI Securities, IIFL Capital Services, JM Financial, Motilal Oswal Investment Advisors and UBS Securities India are the book-running lead managers to the issue. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 01 2026 | 7:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 01 2026 | 7:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market watchdog Sebi has asked stock brokers to display investor awareness messages on their websites and trading apps under its initiative Project Jagrook. This is part of Project Jagrook -- Sebi's nationwide investor awareness initiative -- and the upcoming World Investor Week 2026. From October 5 to 31, all stock brokers will be required to display the "investor awareness message(s)" shared by Sebi and the 'Risk disclosures' on their websites, the regulator said in its circular on Thursday. From November 1 onwards, they will be required to display the specified investor awareness messages on the landing page of their websites. Regarding trading apps, Sebi said all stock brokers may display the investor awareness messages on their trading apps on a voluntary basis from October 5 to October 31.During this period, if on any day, the stock broker chooses to display the specified investor awareness messages on its trading app, the display of the risk disclosures will be optional. From November 1 onwards, the brokers must mandatorily display the investor awareness messages and risk disclosures on alternate days on their trading apps. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 01 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fund raising through initial public offers (IPOs) touched a record high of Rs 94,205 crore in April-September FY27, courtesy big-ticket issues such as by NSE, as per a report released by Primedatabase.com on Thursday. A total of 78 companies hit the market with main board IPOs in the six months totalling Rs 94,205 crore. The money raised is 35 per cent higher than the previous all-time high of Rs 69,533 crore mobilised by 65 IPOs in the same period last year, it said. "This record fundraising has happened despite an extremely slow start to the year with only Rs 3,794 crore being raised in the first three months and also despite volatile secondary markets through most part of the six months," company's managing director Pranav Haldea said. The outlook for IPO activity is also bright, with a total of 145 candidates proposing to raise around Rs 2.78 lakh crore in the pipeline with Sebi approval, and another 102 companies entailing issuances of Rs 1.87 lakh crore awaiting the markets regulator's nod. The overall public equity fundraising, which also includes SME IPOs, institutional placements and money raised by infrastructure and real estate investment trusts, jumped by 75 per cent to an all-time high of Rs 2.43 lakh crore in the same period, the data showed. Fund raising from IPOs, including the SME IPOs, touched the Rs 1 lakh crore mark in H1FY27, up from Rs 76,330 crore in the year-ago period, it said. Apart from NSE's Rs 22,563 crore IPO, other big issues included the Rs 9,795 crore raised by SBI Funds Management and Rs 9,275 crore by Manipal Health Enterprises, it said. Of the 64 IPOs for which response data was available, 42 received a mega response of more than 10 times, which included 25 issuances with over 50 times subscription. The average listing gain, which compares the issue price with the closing price on listing date, for the 64 IPOs increased to 19 per cent, in comparison to 7 per cent in the first half of FY26, it said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 01 2026 | 6:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From October 15, dealers will not be allowed to hold sugar for more than 15 days from the date they receive the stock. First Published: Oct 01 2026 | 4:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From October 15, dealers will not be allowed to hold sugar for more than 15 days from the date they receive the stock. First Published: Oct 01 2026 | 4:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Airtel Africa's mobile money arm announced on Thursday that it will raise £529 million through an initial public offering on the London Stock Exchange, valuing the fintech platform at £5.3 billion ($7 billion). First Published: Oct 01 2026 | 4:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Airtel Africa's mobile money arm announced on Thursday that it will raise £529 million through an initial public offering on the London Stock Exchange, valuing the fintech platform at £5.3 billion ($7 billion). First Published: Oct 01 2026 | 4:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 01 2026 | 4:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ACKO’s claim settlement ratio in motor insurance, around 99.4%, with a repudiation rate of 0.6%, has consistently ranked it among the top three insurers in the category First Published: Oct 01 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Morepen Laboratories hits record high in Thursday's trade. First Published: Oct 01 2026 | 3:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Morepen Laboratories hits record high in Thursday's trade. First Published: Oct 01 2026 | 3:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 01 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 01 2026 | 3:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 01 2026 | 3:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Personal Loan First Published: Oct 01 2026 | 3:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
If the pre-IPO placement is completed, the amount raised through it will be reduced from the fresh issue. First Published: Oct 01 2026 | 2:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
If the pre-IPO placement is completed, the amount raised through it will be reduced from the fresh issue. First Published: Oct 01 2026 | 2:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
If the pre-IPO placement is completed, the amount raised through it will be reduced from the fresh issue. First Published: Oct 01 2026 | 2:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
If the pre-IPO placement is completed, the amount raised through it will be reduced from the fresh issue. First Published: Oct 01 2026 | 2:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BS Marketing Initiative First Published: Oct 01 2026 | 2:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BS Marketing Initiative First Published: Oct 01 2026 | 2:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BS Marketing Initiative First Published: Oct 01 2026 | 2:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 01 2026 | 2:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
74 BSE 500 stocks hit new 52-week low in Thursday's market fall. First Published: Oct 01 2026 | 2:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 01 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sensex tumbled 1,045 points, hit a new 2026 low; Nifty plunged 310 points in Thursday's intraday trade. First Published: Oct 01 2026 | 1:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Multibagger stock: HFCL shares hit 5% upper circuit for 3rd straight day First Published: Oct 01 2026 | 1:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Multibagger stock: HFCL shares hit 5% upper circuit for 3rd straight day First Published: Oct 01 2026 | 1:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 01 2026 | 12:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 01 2026 | 12:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Welspun Living share price registered a new life-time high in Thursday's trade. First Published: Oct 01 2026 | 12:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold and silver First Published: Oct 01 2026 | 12:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold and silver First Published: Oct 01 2026 | 12:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold and silver First Published: Oct 01 2026 | 12:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 01 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Oct 01 2026 | 12:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MTNL share price soared 17% in Thursday's trade on baord nod for Mumbai land sale. MTNL earnings snapshot First Published: Oct 01 2026 | 11:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MTNL share price soared 17% in Thursday's trade on baord nod for Mumbai land sale. MTNL earnings snapshot First Published: Oct 01 2026 | 11:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 01 2026 | 11:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BS Marketing Initiative First Published: Oct 01 2026 | 11:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hero Motors share price rose 99% from IPO price in 7 trading days. First Published: Oct 01 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hero Motors share price rose 99% from IPO price in 7 trading days. First Published: Oct 01 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 01 2026 | 11:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 01 2026 | 11:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani Energy Solutions gains 5.5%; extends winning streak to 3rd session First Published: Oct 01 2026 | 11:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty IT defies market weakness, rises 2%; Mphasis, Coforge, TCS lead First Published: Oct 01 2026 | 11:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content In Nobody Believes You Yet, Harsh Pamnani and Vargab Bakshi examine how Indian start-ups can earn customer trust and take their businesses to market. The book went live on First Published: Oct 01 2026 | 11:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajaya Mohanty First Published: Oct 01 2026 | 10:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Auto stocks slipped up to 6% after Bajaj Auto and M&M reported September sales. First Published: Oct 01 2026 | 10:43 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A-One Steels shares make strong debut, list at 14% premium on BSE First Published: Oct 01 2026 | 10:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A-One Steels shares make strong debut, list at 14% premium on BSE First Published: Oct 01 2026 | 10:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Moneyview shares make stellar debut, list at 63% premium on BSE First Published: Oct 01 2026 | 10:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Moneyview shares make stellar debut, list at 63% premium on BSE First Published: Oct 01 2026 | 10:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Anarock proposes to invest ?80 crore in AI augmentation and technology for its transaction advisory business Real estate consultancy firm Anarock Property Consultants Ltd has filed draft papers with capital markets regulator Sebi to raise ?1,000 crore through an Initial Public Offering (IPO) to fund its technology push, business expansion and acquisitions. The proposed IPO comprises a fresh issue of equity shares aggregating up to ?550 crore and an Offer For Sale (OFS) of up to ?450 crore, according to the Draft Red Herring Prospectus (DRHP) filed on Wednesday. Under the OFS, promoter selling shareholders Peter Properties Ltd and Khushi Trust, along with investors including various funds managed by 360 ONE, Om Sai Trust and Colared Consultants and Traders LLP, will offload shares. The company may also consider a pre-IPO placement of up to ?110 crore. If such a placement is completed, the size of the fresh issue will be reduced accordingly. The company said it plans to deploy the proceeds from the fresh issue towards organic and inorganic growth, including investments in artificial intelligence (AI) augmentation and technology. Anarock proposes to invest ?80 crore in AI augmentation and technology for its transaction advisory business, ?25 crore for technology solutions through ACP and ?15 crore for technology solutions through Anacity, its subsidiary. Another ?89.5 crore will be used for strengthening existing businesses and adding new specialised services through talent augmentation. The company has earmarked ?148 crore for funding the DSP Acquisition, while the remaining proceeds will be used for unidentified acquisitions, strategic initiatives and general corporate purposes. In 2024, Anarock had raised ?200 crore from 360 One Asset Management Ltd to fund its overall business growth, both organically and inorganically. The Group currently has around 2,300 employees operating across key tier-1 and 2 markets in India and the Middle East. ICICI Securities, IIFL Capital Services and 360 ONE WAM are the book-running lead managers to the issue, while KFin Technologies is the registrar to the offer. The equity shares proposed to be offered through the IPO are proposed to be listed on the BSE and NSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 01 2026 | 9:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Meta is changing WhatsApp Business Platform pricing in India from October 1, with service replies beyond a monthly free quota attracting a per-message charge. First Published: Oct 01 2026 | 9:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Meta is changing WhatsApp Business Platform pricing in India from October 1, with service replies beyond a monthly free quota attracting a per-message charge. First Published: Oct 01 2026 | 9:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Oct 01 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian shares mostly rose in early Thursday trading amid investor interest in technology-related issues, despite ongoing worries about the war in Iran. Japan's benchmark Nikkei 225 jumped 2.4 per cent in morning trading to 68,355.81. Australia's S&P/ASX 200 lost 1.7 per cent to 8,638.10. South Korea's Kospi edged up 0.5 per cent to 6,873.06. Hong Kong's Hang Seng added 0.4 per cent to 24,613.27, while the Shanghai Composite gained 0.3 per cent to 3,842.19. In Tokyo trading, issues expected to get a boost from the solid demand in computer chips and AI-related growth have been rising in recent sessions, including Advantest Corp., Tokyo Electron and SoftBank Group Corp. US stocks mostly fell Wednesday, despite indications that the US economy remains strong. On Wall Street, the S&P 500 slipped 0.3 per cent to close out its third losing month in the last four. The Dow Jones Industrial Average dropped 443 points, or 0.9 per cent, and the Nasdaq composite added 0.2 per cent. The report that said inflation wasn't as bad across the United States last month as economists expected. It said the cost of living for US consumers was 3.4 per cent higher overall in August than a year earlier. That was not as high as the 3.7 per cent inflation rate that economists expected, even if it remained worse than the Fed's 2 per cent target. In energy trading, benchmark US crude lost 0.56 per cent to $89.91 a barrel. Brent crude, the international standard, fell 0.35 per cent to $97.69 a barrel. Oil prices have been swinging wildly in recent months amid uncertainty about when the war with Iran will allow the flow of crude to be fully restored. Iranian officials indicated Wednesday they have received an official US response to Tehran's latest proposal to end the seven-month war. The officials did not say what the latest response contained and whether it was a rejection. US President Donald Trump publicly rejected Iran's proposal just days earlier to reopen the Strait of Hormuz within a week if the US meets certain conditions. The yield on the 10-year Treasury, which is the centrepiece of the bond market, rose to 5.29 per cent, up from 5.26 per cent late Tuesday, and it's back to where it was more than two decades ago in 2002. The 30-year Treasury yield, which takes into account expectations for inflation and economic growth many years down the line, climbed to 5.64 per cent from 5.59 per cent late Tuesday. All told, the S&P 500 fell 19.30 points to 7,651.54. The Dow Jones Industrial Average dropped 443.87 to 50,906.05, and the Nasdaq composite added 63.52 to 26,861.06. In currency trading, the US dollar rose to 158.17 Japanese yen from 157.33 yen. The euro cost $1.1328, down from $1.1334. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Oct 01 2026 | 8:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IPO pipeline: H1FY27 momentum sets the stage for a crowded second half First Published: Oct 01 2026 | 8:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty outlook, stock ideas by Ajit Mishra of Religare Broking. (Reuters) First Published: Oct 01 2026 | 8:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: RIL, NSE, HDFC Bank, IRFC, Infosys, Cupid, Blue Dart, OMCs First Published: Oct 01 2026 | 8:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex declined as traders remained worried about inflation and growth outlook. First Published: Oct 01 2026 | 8:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex declined as traders remained worried about inflation and growth outlook. First Published: Oct 01 2026 | 8:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Technical outlook on Nifty, Bank Nifty and Nifty IT for H2 FY27 by analysts at Mirae Asset Sharekhan and SAMCO Securities. First Published: Oct 01 2026 | 7:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to NSDL data, FPIs have been net sellers in four out of six months in H1FY27. First Published: Oct 01 2026 | 7:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty, Bank Nifty outlook by Jatin Gedia of Teji Mandi. First Published: Oct 01 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MobiKwik co-founder and chief operating officer Upasana Taku. First Published: Sep 30 2026 | 10:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Central bank data showed on Monday that its outstanding net short dollar position in the forward book reached a record $200.06 billion at the end of August, driven by substantial foreign currency non-resident bank deposit inflows. First Published: Sep 30 2026 | 9:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 30 2026 | 9:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee breached the 96-per-dollar level in July and briefly crossed it again on Tuesday before recovering First Published: Sep 30 2026 | 8:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 30 2026 | 8:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Telecom antennas and infrastructure operated by Vodafone Idea. The debt-burdened operator added 1.6 million mobile broadband users in the June quarter, while introducing free international roaming on select plans to attract high-value subscribers and This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Telecom antennas and infrastructure operated by Vodafone Idea. The debt-burdened operator added 1.6 million mobile broadband users in the June quarter, while introducing free international roaming on select plans to attract high-value subscribers and lift average revenue per user. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
“Reliance Industries’ decision to raise ?13,000 crore through a 10-year bond at 7.90 per cent, despite the market increasingly expecting an RBI rate hike First Published: Sep 30 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
“Reliance Industries’ decision to raise ?13,000 crore through a 10-year bond at 7.90 per cent, despite the market increasingly expecting an RBI rate hike First Published: Sep 30 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Emil Kongshoej Larsen, executive vice-president, International Operations, Novo Nordisk First Published: Sep 30 2026 | 7:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Emil Kongshøj Larsen, executive vice-president, International Operations, Novo Nordisk First Published: Sep 30 2026 | 7:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 30 2026 | 5:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 30 2026 | 5:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 30 2026 | 5:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 30 2026 | 4:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 30 2026 | 4:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 30 2026 | 4:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 30 2026 | 4:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 30 2026 | 4:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 30 2026 | 3:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Around 706,000 tonnes of pulses and oilseeds will be procured at MSP across the three states First Published: Sep 30 2026 | 3:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sensex today, stock market update, India stock market First Published: Sep 30 2026 | 9:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 30 2026 | 9:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 30 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 30 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 30 2026 | 9:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices rose on Wednesday after US President Donald Trump denied he would be willing to ease sanctions on Iran while Qatar pushed for peace talks, after falling in the previous session on a recovery in crude supply from the West Asia. Brent crude futures rose $1.14, or 1.11%, to $103.73 a barrel by 0131 GMT. US West Texas Intermediate ?crude 34 cents, or 0.38%, to $89.72. Brent is headed for a monthly gain of around 14%, its biggest climb since July, while WTI is on track for a 4% rise after having breached $106 for the first time since May. The spread between the two benchmarks this month also expanded to its widest in four months as traders watched potential plans by the US to restrict diesel exports, which could create an oversupply in the domestic market and lead US refiners to process less crude. US President Donald Trump is considering allowing sales of red-dyed diesel, instead of an export ban, to offer some price relief to consumers as the November mid-term elections loom. "Further evidence of recovering flows through the Strait of Hormuz, hope for alternatives to ?a US diesel export restriction will emerge, and no material Iranian escalation in the last 24 hours has seen prices come off a little," Saul Kavonic, head of energy research at MST Marquee, said. The situation "remains volatile, oil logistics are expensive and constrained", he added. Qatar said on Tuesday it hopes that shuttle diplomacy between Iran and the US can lead to a breakthrough. "We are exchanging messages between the parties, and we're working towards establishing a common ground in order to get into a deal that would save all of us from the repercussions of the conflict," Qatari Foreign Ministry spokesperson Majed al-Ansari told reporters. However, Trump denied an Axios report that cited US officials ?as saying he was willing to give Iran sanctions relief and release frozen Iranian funds in return for "concrete" steps by Tehran on its nuclear programme. "This is untrue. I offered them NOTHING," Trump wrote on Truth Social. On Tuesday ?Saudi Arabia resumed oil tanker loadingsfrom its Red Sea port of Yanbu after restarting operations on the East-West Pipeline. Crude oil ?exports from West Asia producers have rebounded in September to 16.328 million barrels per day, the highest since the US-Israeli war with Iran started in late February. US crude oil and gasoline inventories rose, while distillate ?stocks fell last week, market sources said on Tuesday, citing data from the American Petroleum Institute. Crude stocks rose by 1.02 million barrels in the week ended September 25, sources said. Official inventory data from the US Energy ?Information Administration is due at 10:30 a.m. EDT (1430 GMT). Analysts polled by Reuters expect crude and product inventories to have fallen. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 30 2026 | 8:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Inox Clean Energy had ?confidentially filed for an IPO with the country's markets regulator last year before withdrawing the issue Inox Clean Energy has filed for an initial public offering worth up to ?10,000 crore ($1.04 billion), draft papers showed on Tuesday, as it looks to ride investor enthusiasm for India's clean-energy growth. The renewable ?energy company is the latest to pursue an IPO this year, betting on India's drive to expand non-fossil-fuel power capacity to 500 gigawatts by 2030 and a revival in primary market activity after a slow start to the year. Clean Max and Juniper Green Energy have already listed in 2026, while Brookfield-backed Avaada Electro, Sembcorp's India unit and SAEL Industries are preparing IPOs. Inox Clean Energy plans to sell new shares worth about ?8,000 crore, while top shareholder and non-executive director Devansh ?Jain is looking to offload shares worth up to ?2,000 crore, the filing showed. The firm, part of the INOXGFL conglomerate, builds and runs solar and wind power plants in India and Africa, with 2.37 GW currently operating out of a 9.29 GW pipeline of projects at various stages. It also manufactures solar panels in India and the US. The company will use about ?6,000 crore of the proceeds to repay debt. Inox Clean Energy had ?confidentially filed for an IPO with the country's markets regulator last year before withdrawing the issue. It competes with power producers such as Adani Green ?Energy, NTPC Green Energy and ACME Solar, as well as solar equipment makers ?Waaree Energies and Premier Energies. The INOXGFL group, which mainly focuses on renewable energy and chemicals, has three listed companies in India: Gujarat Fluorochemicals, Inox ?Wind and Inox Green Energy Services. Nuvama Wealth Management, HSBC, UBS, ICICI Securities, CLSA and Emirates NBD Capital are among those managing the IPO. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 30 2026 | 8:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Inox Clean Energy had ?confidentially filed for an IPO with the country's markets regulator last year before withdrawing the issue Inox Clean Energy has filed for an initial public offering worth up to ?10,000 crore ($1.04 billion), draft papers showed on Tuesday, as it looks to ride investor enthusiasm for India's clean-energy growth. The renewable ?energy company is the latest to pursue an IPO this year, betting on India's drive to expand non-fossil-fuel power capacity to 500 gigawatts by 2030 and a revival in primary market activity after a slow start to the year. Clean Max and Juniper Green Energy have already listed in 2026, while Brookfield-backed Avaada Electro, Sembcorp's India unit and SAEL Industries are preparing IPOs. Inox Clean Energy plans to sell new shares worth about ?8,000 crore, while top shareholder and non-executive director Devansh ?Jain is looking to offload shares worth up to ?2,000 crore, the filing showed. The firm, part of the INOXGFL conglomerate, builds and runs solar and wind power plants in India and Africa, with 2.37 GW currently operating out of a 9.29 GW pipeline of projects at various stages. It also manufactures solar panels in India and the US. The company will use about ?6,000 crore of the proceeds to repay debt. Inox Clean Energy had ?confidentially filed for an IPO with the country's markets regulator last year before withdrawing the issue. It competes with power producers such as Adani Green ?Energy, NTPC Green Energy and ACME Solar, as well as solar equipment makers ?Waaree Energies and Premier Energies. The INOXGFL group, which mainly focuses on renewable energy and chemicals, has three listed companies in India: Gujarat Fluorochemicals, Inox ?Wind and Inox Green Energy Services. Nuvama Wealth Management, HSBC, UBS, ICICI Securities, CLSA and Emirates NBD Capital are among those managing the IPO. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 30 2026 | 8:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 30 2026 | 8:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to extend losses amid mixed global cues. First Published: Sep 30 2026 | 7:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex were trading in a narrow range as traders assessed the oil price volatility. First Published: Sep 30 2026 | 7:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy today: Chandan Taparia of Motilal Oswal recommends Paytm, Sona BLW Precision. First Published: Sep 30 2026 | 7:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 30 2026 | 7:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty 50 logs worst September performance in 8 years as 40 stocks slide First Published: Sep 30 2026 | 7:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 30 2026 | 6:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 30 2026 | 12:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 30 2026 | 12:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Varmora Granito were currently trading at Rs 153 at 10:16 IST on the BSE, representing a premium of 3.14% as compared with the issue price of Rs 148. So far, the stock has hit a high of Rs 163.45 and a low of Rs 151.85. On the BSE, over 28 lakh shares of the company were traded in the counter so far. The offer received bids for 5.34 crore shares as against 3.39 crore shares on offer. The initial public offer of Varmora Granito received bids for 5,34,85,863 shares as against 3,39,02,899 shares on offer. The issue was subscribed 1.58 times. The issue opened for bidding on 22 September 2026 and closed on 24 September 2026. The price band of the IPO is fixed between Rs 140 and 148 per share. The offer consisted of both a fresh issue and an offer for sale component (OFS). The fresh issue will include 2,16,21,622 shares, aggregating up to Rs 320.0 crore at the upper price band of Rs 148. OFS includes 2,62,17,634 shares of Rs 2, aggregating up to Rs 388.0 crore at upper price band of Rs148. Katsura Investments will offload a part of their stake in the OFS. The funds raised to the tune of Rs 245.0 crore will be used towards repaying certain borrowings by the company and its subsidiaries namely CovertekCeramica Private Limited and VarmoraSanitarywares Private Limited (formerly, VarmoraSanitarywares LLP). The balance is towards general corporate purposes. Varmora Granito (VGL) manufactures and markets ceramic and vitrified tiles, including glazed vitrified tiles (GVT), polished vitrified tiles (PVT) and ceramic tiles under the Varmora brand. The company operates eight manufacturing facilities in Gujarats Morbi cluster and has a wide distribution network comprising 305 exclusive brand outlets and 2,758 multi-brand outlets across India and overseas. VGL focuses on premium and technology-driven products, with GVT and technical tiles contributing around 84% of tile revenue in FY2026. The company also caters to B2B customers, including builders, contractors, developers and government entities, and has 16.22 MW of renewable energy capacity from wind and solar. Ahead of the IPO, Varmora Granito, on 21 August 2026, raised Rs 212.40 crore from anchor investors. The board allotted 1.43 crore shares at Rs 148 each to 17 anchor investors. The firm reported a consolidated net profit of Rs 55.09 crore and sales of Rs 1,512.46 crore for the twelve months ended on 31 March 2026. First Published: Sep 29 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 28 September 2026 First Published: Sep 29 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 28 September 2026 First Published: Sep 29 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata group stocks were under selling pressure in Tuesday's trade. First Published: Sep 29 2026 | 10:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 29 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rays of Belief surged 13.05% to Rs 252.10 after the company reported a sharp improvement in profitability in Q1 FY27. Revenue from India increased 27.33% YoY to Rs 12.49 crore, while revenue from the USA surged to Rs 12.82 crore from Rs 0.90 crore in Q1 FY26. Profit before tax stood at Rs 3.76 crore in Q1 FY27, compared with a loss of Rs 0.37 crore in Q1 FY26. PBT increased 9.62% QoQ from Rs 3.43 crore in Q4 FY26. Total expenditure increased 95.16% YoY but declined 0.37% QoQ to Rs 21.37 crore. Employee expenses increased 64.74% YoY but declined 5.82% QoQ to Rs 10.84 crore. Interest expense increased 33.33% YoY but declined 11.11% QoQ to Rs 0.24 crore. Depreciation increased 52.11% YoY but declined 11.48% QoQ to Rs 1.08 crore. Other income stood at Rs 0.05 crore in Q1 FY27, compared with Rs 0.06 crore in Q1 FY26 and Rs 0.13 crore in Q4 FY26. Tax expense stood at Rs 0.45 crore compared with Rs 0.01 crore in Q1 FY26 and Rs 0.69 crore in Q4 FY26. Deferred tax stood at Rs 0.52 crore compared with Rs 0.16 crore in Q1 FY26 and Rs 0.35 crore in Q4 FY26. Rays of Belief is a for-profit social enterprise focused on personalised intervention plans for children with neurodevelopmental disorders. The company operates 136 centres across 57 cities in 20 states and Union Territories under the Moms Belief brand as of 31 March 2026 and plans to add 319 centres between FY27 and FY29 using part of its IPO proceeds. The company also intends to pursue inorganic growth through acquisitions and strategic partnerships while expanding internationally through its existing US operations and plans to enter the UAE and UK markets. Rays of Belief listed on the bourses on 8 September 2026 at Rs 239, matching its initial public offer (IPO) price. The IPO, which was open for subscription from 1 September to 3 September 2026, was subscribed 107.71 times. First Published: Sep 29 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Motors Passenger Vehicles Ltd has lost 12.98% over last one month compared to 8.62% fall in BSE Auto index and 5.99% drop in the SENSEX Tata Motors Passenger Vehicles Ltd lost 1.91% today to trade at Rs 277.6. The BSE Auto index is down 0.75% to quote at 58243.5. The index is down 8.62 % over last one month. Among the other constituents of the index, Samvardhana Motherson International Ltd decreased 1.35% and Mahindra & Mahindra Ltd lost 1.07% on the day. The BSE Auto index went down 1.42 % over last one year compared to the 9.62% fall in benchmark SENSEX. Tata Motors Passenger Vehicles Ltd has lost 12.98% over last one month compared to 8.62% fall in BSE Auto index and 5.99% drop in the SENSEX. On the BSE, 44425 shares were traded in the counter so far compared with average daily volumes of 8.02 lakh shares in the past one month. The stock hit a record high of Rs 447.7 on 03 Oct 2025. The stock hit a 52-week low of Rs 277.3 on 29 Sep 2026. First Published: Sep 29 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jubilant Pharmova Ltd has added 32.42% over last one month compared to 0.66% fall in BSE Healthcare index and 5.99% drop in the SENSEX Jubilant Pharmova Ltd gained 10.47% today to trade at Rs 1168. The BSE Healthcare index is up 0.28% to quote at 51253. The index is down 0.66 % over last one month. Among the other constituents of the index, Fermenta Biotech Ltd increased 4.74% and Anlon Healthcare Ltd added 4.69% on the day. The BSE Healthcare index went up 18.94 % over last one year compared to the 9.62% fall in benchmark SENSEX. Jubilant Pharmova Ltd has added 32.42% over last one month compared to 0.66% fall in BSE Healthcare index and 5.99% drop in the SENSEX. On the BSE, 0 shares were traded in the counter so far compared with average daily volumes of 19467 shares in the past one month. The stock hit a record high of Rs 1183.9 on 04 Nov 2025. The stock hit a 52-week low of Rs 0 on 29 Sep 2026. First Published: Sep 29 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock market crash: Higher oil prices, elevated yields, weakening rupee and the lack of clarity on the end to West Asia war kept investors on edge. First Published: Sep 29 2026 | 9:53 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Barring Pharma all the sectoral indices on the NSE traded in the red, with Media, Private Bank and IT shares witnessing the sharpest declines. At 09:25 IST, the barometer index, the S&P BSE Sensex declined 411.63 points or 0.57% to 72,350.63. The Nifty 50 index dropped 122.95 points or 0.54% to 22,653.55. In the broader market, the BSE 150 MidCap Index dropped 0.48% and the BSE 250 SmallCap Index fell 0.51%. The market breadth was weak. On the BSE, 1,101 shares rose and 1,906 shares fell. A total of 201 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 5,353.22 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 5,189.02 crore in the Indian equity market on 28 September 2026, according to provisional data. Stocks in Spotlight: HCL Technologies shed 0.54%. The company announced that HCL Software, its software business division, intends to acquire Robotiq.ai, a Croatia-based provider of an enterprise robotic process automation platform, to strengthen its enterprise agentic automation capabilities. The acquisition is expected to close in November 2026. Ellenbarrie rallied 5.29% after the company has secured a Rs 481 crore contract from BHEL for the design, engineering, supply, erection, testing, pre-commissioning, commissioning, trial runs, operation, operator training, demonstration of performance guarantees, supply of spares, and handover of a 1,200 TPD cryogenic Air Separation Unit (ASU) on a turnkey basis for its coal-to-ammonium nitrate (2,000 TPD) project in Odisha. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.03% to 7.181 compared with the previous session close of 7.111. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 96.1000 compared with its close of 95.9700 during the previous trading session. MCX Gold futures for 5 October 2026 settlement rose 0.09% to Rs 1,48,6,934. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.05% to 101.25. The United States 10-year bond yield added 0.23% to 5.257. In the commodities market, Brent crude for November 2026 settlement added $1.61 or 1.53% to $106.89 a barrel. Global Markets: US Dow Jones index futures were down 74 points, pointing to a lower opening for US stocks. Asian market traded lower on Tuesday, following overnight losses on Wall Street. Rising crude oil prices and US Treasury yields continued to weigh on risk sentiment. US stocks ended lower on Monday as oil prices and Treasury yields remained elevated, while developments surrounding OpenAI added pressure to technology shares. Geopolitical uncertainty also weighed on sentiment after US President Donald Trump rejected an Iranian proposal linked to reopening the Strait of Hormuz. OpenAI was a source of pressure for AI-related stocks after reports that the company had paused training of some advanced AI models. The development raised concerns about the pace of AI investment and demand for chips and data-centre infrastructure. The Dow Jones Industrial Average declined 0.67%. The S&P 500 shed 0.77%, while the Nasdaq Composite fell 0.92%. US Treasury yields continued to rise amid expectations of further interest-rate hikes. The 10-year Treasury yield climbed to around 5.24%, its highest level since 2007, while the 30-year yield rose to around 5.56%, near its highest level in more than two decades. Crude oil prices rose for a second consecutive session amid concerns over Middle East supply disruptions. Investors will focus on the US JOLTS job openings data due later on Tuesday, along with comments from Federal Reserve officials including Michelle Bowman, Austan Goolsbee and John Williams. First Published: Sep 29 2026 | 9:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty Pharma defies market slump as select drugs get US tariff exemption Shares of pharmaceutical companies bucked the broader market trend on Tuesday, with the Nifty Pharma index gaining more than 1 per cent even as the benchmark Nifty 50 declined 0.55 per cent intraday. The outperformance came as a US tariff of 100 per cent on specified patented pharmaceutical products and their associated ingredients took effect for more companies. However, qualifying speciality medicines from India will be eligible for zero duty, providing some relief to Indian drugmakers with exposure to the US market. (This will be updated) First Published: Sep 29 2026 | 9:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BLS International Services that the board of directors of Atyati Technologies (ATPL), a step down subsidiary of the company at their meeting held on 28 September 2026 has considered and approved to enter into a Business Transfer Agreement (BTA) with TVAM Technologies (TVAM), for the sale and transfer of Joint Liability Group-Financial Lending Business (JLG Business Undertaking) of ATPL on a going concern basis through a slump sale for a consideration of Rs 59.49 lakh. TVAM is a private company in which a director of ATPL is a Director and Member. Therefore, TVAM is a related party of ATPL. TVAM is engaged in the business of providing financial services including but not limited to banking, lending, insurance and wealth management to its customers, through an application which can be downloaded and accessed by the customers. The proposed transaction forms part of the company's broader business re-organisation and operational restructuring initiatives. The transfer of the JLG Business Undertaking of ATPL to TVAM is intended to streamline business operations, optimise deployment of resources and enable greater strategic and operational focus through an appropriate business structure. First Published: Sep 29 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With effect from 28 September 2026 Varakhedkar brings more than 30 years of diversified experience. He has done his Accelerated General Management Programme from IIM Ahmedabad, Executive Programme in Applied Finance from IIM Calcutta, Post Graduate Diploma in Marketing and Sales and has done his Bachelors of Science. Prior to joining MCX, Varakhedkar was associated with ICICI Securities Ltd. as Head - Commodities Business. He has also worked with organisations like Karvy Stock Broking, Metropolitan Stock Exchange, Citibank and ICICI Bank etc. First Published: Sep 29 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty October 2026 futures were down 22 points, indicating a negative opening for the Nifty 50 amid weak global cues. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 5,353.22 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 5,189.02 crore in the Indian equity market on 28 September 2026, according to provisional data. FPIs sold shares worth Rs 29,255.58 crore in September so far, through 28 September 2026. This follows net cash purchases of Rs 17,366 crore in August 2026, while they were net buyers of Rs 6,731.97 crore in July 2026. Global Markets: US Dow Jones index futures were down 61 points, pointing to a lower opening for US stocks. Asian market traded lower on Tuesday, following overnight losses on Wall Street. Rising crude oil prices and US Treasury yields continued to weigh on risk sentiment. US stocks ended lower on Monday as oil prices and Treasury yields remained elevated, while developments surrounding OpenAI added pressure to technology shares. Geopolitical uncertainty also weighed on sentiment after US President Donald Trump rejected an Iranian proposal linked to reopening the Strait of Hormuz. OpenAI was a source of pressure for AI-related stocks after reports that the company had paused training of some advanced AI models. The development raised concerns about the pace of AI investment and demand for chips and data-centre infrastructure. The Dow Jones Industrial Average declined 0.67%. The S&P 500 shed 0.77%, while the Nasdaq Composite fell 0.92%. US Treasury yields continued to rise amid expectations of further interest-rate hikes. The 10-year Treasury yield climbed to around 5.24%, its highest level since 2007, while the 30-year yield rose to around 5.56%, near its highest level in more than two decades. Crude oil prices rose for a second consecutive session amid concerns over Middle East supply disruptions. Brent crude settled at $105.28 a barrel, up 0.9%. Investors will focus on the US JOLTS job openings data due later on Tuesday, along with comments from Federal Reserve officials including Michelle Bowman, Austan Goolsbee and John Williams. Domestic Market: The key equity benchmarks ended sharply lower on Monday as escalating Iran-US tensions pushed crude oil prices higher and raised concerns over prolonged supply disruptions. Rising US Treasury yields, a weaker rupee, continued foreign investor selling and weak Asian market cues added to the pressure. Brent crude moved close to $107 a barrel, while the US 10-year Treasury yield climbed above 5.2%. Continued FPI selling also dented sentiment. The Nifty settled below the 22,800 level. The sell-off was broad-based, with all sectoral indices ending lower, led by declines in banking, realty and metal stocks. The S&P BSE Sensex tanked 1,124 points or 1.52% to 72,771.72. The Nifty 50 index dropped 360.25 points or 1.56% to 22,780.25. First Published: Sep 29 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 27.32% to Rs 12.49 crore First Published: Sep 29 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 35.70% to Rs 433.65 crore First Published: Sep 29 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 39.04% to Rs 431.11 crore First Published: Sep 29 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of SAIL and LIC Housing Finance are banned from F&O trading on 29 September 2026. New Listings: Varmora Granito will list on the stock exchanges today. The IPO was subscribed 1.42 times. The offer received bids for 1.85 crore shares as against 1.30 crore shares on offer. The issue opened for bidding on 9 September 2026 and closed on 11 September 2026. Stocks to Watch: Prasol Chemicals reported a 150.7% YoY jump in consolidated net profit to Rs 61 crore in Q1 FY27 from Rs 24.3 crore in Q1 FY26. Revenue from operations increased 35.7% YoY to Rs 433.6 crore in Q1 FY27 from Rs 319.6 crore in Q1 FY26. Rays of Belief reported a net profit of Rs 2.8 crore in Q1 FY27 as against a net loss of Rs 0.5 crore in Q1 FY26. Revenue grew 136.4% YoY to Rs 25.3 crore from Rs 10.7 crore in Q1 FY26. HCL Technologies announced that HCL Software, its software business division, intends to acquire Robotiq.ai, a Croatia-based provider of an enterprise robotic process automation platform, to strengthen its enterprise agentic automation capabilities. The acquisition is expected to close in November 2026. Ellenbarrie has secured a Rs 481 crore contract from BHEL for the design, engineering, supply, erection, testing, pre-commissioning, commissioning, trial runs, operation, operator training, demonstration of performance guarantees, supply of spares, and handover of a 1,200 TPD cryogenic Air Separation Unit (ASU) on a turnkey basis for its coal-to-ammonium nitrate (2,000 TPD) project in Odisha. Zydus Lifesciences announced that the US Food and Drug Administration (USFDA) conducted a cGMP inspection of the companys manufacturing plant at SEZ II, Ahmedabad, from September 21 to 28, 2026, and concluded the inspection with one observation. There were no data-integrity-related observations. NCC has received a Letter of Acceptance for a project worth Rs 1,076.71 crore from the Rural Water Supply and Sanitation Department, Government of Andhra Pradesh, for providing a drinking water supply under the Multi-Village Scheme on the Yeleru Reservoir for the Anakapalli segment in the Anakapalli district. Vikram Solar has secured a 400 MW module supply order from a reputed EPC player for a portfolio of decentralized solar projects being developed across multiple locations in Maharashtra. Allcargo Logistics announced that Ketan Kulkarni has resigned as Managing Director and Chief Executive Officer (CEO) of the company, effective December 31, 2026. He will move to a new role within the Allcargo Group as Chief Growth Officer, effective January 1, 2027. IRFC has signed a Rs 4,200 crore term loan agreement with Damodar Valley Corporation (DVC) to finance its renewable energy projects across Jharkhand and West Bengal. First Published: Sep 29 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 29 2026 | 8:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 29 2026 | 8:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Newgen Software announced that its US-based material subsidiary, Newgen Software Inc., has secured a contract from a US-based health insurance company for supply, installation, implementation and cloud hosting of the NewgenONE CAG Solution. Newgen Software Technologies is an information technology (IT) product company that provides solutions in enterprise content management, business process management and customer communications management. The companys customers are organisations belonging to the banking, telecommunications and insurance sectors. The company reported 40.9% fall in consolidated net profit to Rs 62.82 crore on a 21.2% decline in revenue from operations to Rs 356.68 crore in Q1 FY27 as compared with Q4 FY26. Shares of Newgen Software Technologies fell 2.39% to close at Rs 474.50 on the BSE. First Published: Sep 29 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to extend losses on Tuesday on negative global cues. First Published: Sep 29 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Varmora Granito will list on the Indian stock exchanges today. First Published: Sep 29 2026 | 7:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 29 2026 | 7:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kotak Securities is bullish on Ujjivan Small Finance Bank, Cello World; here's why First Published: Sep 29 2026 | 7:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 29 2026 | 12:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 29 2026 | 12:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 28 2026 | 11:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PC Jeweller shares have risen 32 per cent so far this month. First Published: Sep 28 2026 | 10:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 28 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Leasing activity rose in Bengaluru, Delhi-NCR, Hyderabad, and Kolkata, but demand was lower in Mumbai, Pune and Chennai Demand for office space remains strong, with gross leasing rising 9 per cent annually in the July-September quarter across seven major cities, according to real estate consultant Colliers. Colliers India data showed that gross office leasing is estimated to have risen to 18.7 million sq ft in the third quarter of this year from 17.2 million sq ft in the year-ago period. Leasing activity rose in Bengaluru, Delhi-NCR, Hyderabad, and Kolkata, but demand was lower in Mumbai, Pune and Chennai. Gross absorption does not include lease renewals, pre-commitments and deals where only a Letter of Intent has been signed. Real estate developers offer office space on lease to corporates directly. Realty firms also give workspaces to co-working companies to set up centres and then sub-lease the spaces to enterprises. According to the data, gross leasing in Bengaluru grew 11 per cent to 5.2 million sq ft during July-September from 4.7 million sq ft in the year-ago period. In Delhi-NCR, office space leasing doubled from 1.6 million to 3.3 million sq ft. Hyderabad witnessed a 47 per cent growth in leasing to 2.2 million sq ft from 1.5 million sq ft. Kolkata saw a four-fold jump to 0.4 million sq ft from 0.1 million sq ft. Meanwhile, workspace leasing in Mumbai dropped 20% to 2.4 million sq ft, down from 3 million sq ft. In Pune, leasing declined 14 per cent to 3.2 million sq ft from 3.7 million sq ft. Finally, office space gross leasing dropped 23 per cent year-over-year in Q3, falling from 2.6 million to 2 million square feet. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 28 2026 | 10:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Clean Max defies market fall, rises 5% after 8.6mn shares trade in block First Published: Sep 28 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jyoti CNC Automation fell 3.30% to Rs 1,030.50 on Monday after the company disclosed a fire incident at its manufacturing facility in Rajkot. The company said the fire was contained and fully extinguished within 30-60 minutes, after which the situation was brought under control. Manufacturing operations resumed and continued normally without disruption, Jyoti CNC Automation said. The company also said there were no human casualties and no material financial loss or impact. Jyoti CNC Automation designs, manufactures and sells CNC metal-cutting machines and related components and services. On a consolidated basis, Jyoti CNC Automation's net profit declined 19.99% to Rs 57.14 crore while net sales rose 23.97% to Rs 508.47 crore in Q1 June 2026 over Q1 June 2025. First Published: Sep 28 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hitachi Energy India Ltd has lost 8.47% over last one month compared to 5.28% fall in BSE Capital Goods index and 4.57% drop in the SENSEX Hitachi Energy India Ltd fell 1.81% today to trade at Rs 30525.25. The BSE Capital Goods index is down 0.85% to quote at 75315.25. The index is down 5.28 % over last one month. Among the other constituents of the index, Apar Industries Ltd decreased 1.71% and Cummins India Ltd lost 1.7% on the day. The BSE Capital Goods index went up 10.2 % over last one year compared to the 8.32% fall in benchmark SENSEX. Hitachi Energy India Ltd has lost 8.47% over last one month compared to 5.28% fall in BSE Capital Goods index and 4.57% drop in the SENSEX. On the BSE, 89 shares were traded in the counter so far compared with average daily volumes of 5675 shares in the past one month. The stock hit a record high of Rs 38800 on 01 Jun 2026. The stock hit a 52-week low of Rs 16104 on 16 Jan 2026. First Published: Sep 28 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On Friday, the rupee appreciated 24 paise to close at 95.75 against the US dollar The rupee depreciated 20 paise to 95.95 against the US dollar in early trade on Monday, as the greenback strengthened further and foreign fund outflows continued unabated amid the ongoing West Asia conflict. Forex traders said elevated global crude oil prices put further pressure on the local unit. At the interbank foreign exchange market, the rupee opened at 95.89 against the American currency and lost further ground to touch 95.95 against the American currency, registering a loss of 20 paise from its previous closing level. On Friday, the rupee appreciated 24 paise to close at 95.75 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, traded at 101.11, up 0.15 per cent. Brent crude futures, the global oil benchmark, were trading higher by 2.31 per cent at $106.81 per barrel in futures trade. "Despite the Brent oil for November series being higher due to US President Donald Trump rejecting the peace proposal from Iran, the rupee is set to open at around 95.80 and is expected to remain in the range of 95.50 to 96.00 with the RBI continuing to hold the 96.00 of the range," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. Bhansali said Brent remained firmly elevated above the $100 mark, continuing to pose an underlying threat to India's import bill and foreign exchange reserves. On the domestic equity market front, Sensex tanked 730 points to 73,170.12 in early trade, while the Nifty dropped 231.50 points to 22,908.95. Foreign Institutional Investors (FIIs) offloaded equities worth ?3,693.93 crore on a net basis on Friday, according to exchange data. Meanwhile, India's forex reserves dropped $14.881 billion to $765.901 billion during the week ended September 18 due to a fall in foreign currency assets, according to the RBI data released on Friday. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 28 2026 | 10:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Coal Exchange Limited has applied for a licence with the Coal Controller Organisation (CCO) to set up a coal trading exchange, First Published: Sep 28 2026 | 10:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 28 2026 | 10:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For potential export order worth Rs 574 cr over the next one year Elitecon International has on 26 September 2026 entered into a Product Supply Framework Agreement with World Class 77, a company incorporated in South Africa. The Agreement covers the potential export supply of cut blended tobacco, homogenised tobacco, cigarettes and fast-moving consumer goods, with an aggregate indicative programme ceiling of up to USD 60 million, equivalent to approximately Rs 574.20 crore at the contractual reference rate of Rs 95.70 per USD, during the term ending on 31 August 2027. The Agreement provides a structured commercial framework for the Company's export supplies to South Africa and is intended to support the continued development of its international business. First Published: Sep 28 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 28 2026 | 9:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Subsidiary Indian Coal Exchange applies for licence with Coal Controller Organisation Indian Energy Exchange (IEX) announced that its wholly owned subsidiary, Indian Coal Exchange, has applied for a licence with the Coal Controller Organisation (CCO), the regulatory authority for coal exchanges. IEX has incorporated Indian Coal Exchange Limited on 01 June 2026, with an authorised share capital of Rs 100 crore. Indian Coal Exchange will be a physical delivery-based coal trading exchange, providing an organised, transparent and technology-enabled marketplace for coal trading in accordance with the Coal Exchange Rules, 2026. By bringing buyers and sellers together on a single, neutral platform, Indian Coal Exchange will facilitate trades at designated delivery points, enabling efficient price discovery and wider market access First Published: Sep 28 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kalpataru Projects International has received a Letter of Award (LoA) for the Engineering, Procurement and Construction (EPC) of a gas pipeline project in the United Arab Emirates. According to the company's project classification, the 'Major' project is valued over Rs 4,000 crore. Commenting on the win, Manish Mohnot, MD & CEO, KPIL, said, "We are delighted to secure this prestigious international project, which reinforces our proven capabilities and robust track record in the global Oil and Gas sector. This win stands as a powerful testament to our technical expertise, operational excellence and capability to scale global operations. First Published: Sep 28 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 28 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 28 2026 | 9:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Sitagliptin program brings together formulation development and scale-up, analytical method development and validation, impurity control, stability studies and manufacture of regulatory batches under GMP systems. It also incorporates bioequivalence strategy, coordination with contract research organizations and integration of development and study data into the regulatory dossier. These capabilities strengthen Morepen's ability to support specialized CDMO assignments spanning API development, finished dosage formulation and regulatory submission, broadening the scope and complexity of customer programs it can undertake. Morepen currently estimates 24-36 months from submission to progress towards approval and commercial supply, subject to FDA review, satisfactory completion of applicable formulation facility inspection requirements and applicable patent and exclusivity requirements. First Published: Sep 28 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Radico Khaitan is taking its portfolio of Indian luxury spirits to four major UK airports, becoming the first Indian spirit brands to be available across these airports' duty-free shops. It marks a significant step in its Global Travel Retail (GTR) expansion strategy. The Company's premium brands, including Rampur Indian Single Malt Double Cask, Rampur Asava, Rampur Barrel Blush and Sangam World Malt, now available to international travellers at Heathrow, Gatwick, Manchester and Birmingham airports. Radico Khaitan's global travel retail expansion comes against the backdrop of strong momentum in its premium and luxury portfolio. Its Prestige & Above portfolio contributed 70.3% of IMFL value in FY26, reflecting the growing importance of premiumisation to the company's business. Commenting on the development, Abhishek Khaitan, Managing Director, Radico Khaitan, said Our international ambition is not simply about increasing the number of airports in which we operate. It is about building meaningful brand presence and ensuring that Indian spirits are experienced in the right environments, by consumers who appreciate provenance, craftsmanship and distinctive character. This entry is an important milestone in our journey to take Indian luxury to the world. Global Travel Retail gives us the opportunity to connect with consumers from different parts of the world and showcase the depth, diversity and evolving quality of Indian spirits. First Published: Sep 28 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty October 2026 futures were down 135.50 points, indicating a negative opening for the Nifty 50 amid weak global cues. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 3,693.93 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,838.17 crore in the Indian equity market on 25 September 2026, according to provisional data. FPIs sold shares worth Rs 25682.07 crore in September so far, through 25 September 2026. This follows net cash purchases of Rs 17,366 crore in August 2026, while they were net buyers of Rs 6,731.97 crore in July 2026. Global Markets: US Dow Jones index futures were down 179 points on Monday, pointing to a weak opening for US stocks. Investors braced for weakness in technology shares after OpenAI paused training of its latest artificial intelligence models amid several instances of its AI agents going rogue. The news came just days after OpenAI said it was investigating incidents involving OpenAI agents using government websites in unexpected manners. Heightened tensions surrounding Iran also weighed on sentiment after US President Donald Trump rejected an Iranian peace proposal to resolve the conflict and reopen the Strait of Hormuz. Most Asian stock indices declined on Monday as investors remained cautious amid uncertainty over developments in the US-Iran conflict and the outlook for the Strait of Hormuz. US stocks ended higher on Friday, led by gains in technology shares. The Dow Jones Industrial Average rose 0.93% to 51,828.62, while the S&P 500 gained 0.51% to 7,743.41. The Nasdaq Composite advanced 0.48% to 27,068.72. US President Donald Trump said he expected the conflict with Iran to end "very soon", while continuing to signal uncertainty over further military action. Investors also remained focused on developments around the Strait of Hormuz, a key route for global oil shipments. Crude oil prices rose as uncertainty over the US-Iran conflict and the reopening of the Strait of Hormuz continued to influence supply concerns. Brent crude futures gained 1.52% to $105.91 a barrel. Domestic Market: The key equity benchmarks ended higher on Friday, supported by value buying after the sharp decline in the previous session. Easing crude oil prices and a stronger rupee also supported investor sentiment. Buying interest in select domestic-focused sectors, particularly consumer durables and auto stocks, helped the benchmarks recover, while IT and healthcare stocks declined. The Nifty settled above the 23,100 level. The S&P BSE Sensex advanced 315.20 points or 0.43% to 73,895.74. The Nifty 50 index added 77.40 points or 0.34% to 23,140.50. The 50-unit index fell 1.64% in the previous session. First Published: Sep 28 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To commercialize and manufacture Lerodalcibep worldwide, excluding the United States and China Sun Pharmaceutical Industries and LIB Therapeutics Inc. (LIB) today announced: Lerodalcibep is approved in the EU under the brand name Lyrokaul for the treatment of adult patients with hypercholesterolaemia and mixed dyslipidaemia. In the United States, it is US FDA-approved under the brand name Lerochol as an adjunct to diet and exercise: to reduce low-density lipoprotein cholesterol (LDL-C) in adults with hypercholesterolemia, including heterozygous familial hypercholesterolemia (HeFH). The partnership helps address a significant global unmet need in cardiovascular care. Many patients at high or very high cardiovascular risk remain above recently updated and more globally harmonized 2026 guideline recommended LDL-cholesterol (LDL-C) goals despite treatment. In the DA VINCI observational study across 18 European countries, only 33% of patients assessed on stable oral lipid-lowering therapy achieved their risk-based 2019 European Society of Cardiology/European Atherosclerosis Society (ESC/EAS) LDL-C goals. Treatment guidelines now emphasise both additional LDL-C reductions and lower targets for patients at high and very high cardiovascular risk, with additional therapies when statins alone are insufficient. PCSK9 inhibitors provide the efficacy and safety to achieve these goals.4 This gap between treatment goals and real-world control reinforces the opportunity for Sun Pharma and LIB to broaden access to innovative lipid-lowering care across Europe and Sun's world-wide licensed markets. The agreement establishes a significant new growth platform for Sun Pharma in a large and rapidly expanding market. According to IQVIA, the PCSK9 inhibitor market outside the United States and China reached US$ 3.7 billion in the period ending Q2 2026 (MAT Q2 2026), growing at 38% CAGR over the preceding two years. Europe alone accounted for US$ 2.9 billion PCSK9 inhibitor market in MAT Q2 2026. LIB will receive an upfront and future milestone payments, together with royalties based on net sales in the licensed territories. Other terms of the agreement are confidential. Sun Pharma will be responsible for pursuing regulatory approvals in licensed territories where approval has not yet been obtained. First Published: Sep 28 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Man Infraconstruction announced a landmark collaboration with Godrej Properties Group (Godrej) for the development of its upcoming sea-facing residential project located at Marine Lines, South Mumbai. As part of this transaction, MICL which was earlier the Development Manager for the project has now partnered with Godrej for the development of the project. The development rights jointly held by MICL and Shreepati Group have now been transferred to Godrej. The collaboration marks a defining milestone for MICL Group. This will benefit MICL through a revenue sharing arrangement with Godrej. The project overall revenue potential is estimated at Rs. 6,000+ crore. Spread across approximately 2.5 acres the project is located in the heart of Marine Lines, offering views of the Arabian Sea and enjoys excellent connectivity through the Mumbai Coastal Road, upcoming Metro network and the Atal Setu corridor, making it one of South Mumbai's most coveted residential addresses First Published: Sep 28 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sandur Manganese & Iron Ore announced that it has incorporated a wholly owned subsidiary, Royal Sandur MedTech, to undertake the business of manufacturing medical devices and healthcare consumables. Sandur Manganese & Iron Ore acquired 10 lakh equity shares of Sandur MedTech, each having a face value of Rs 10, aggregating to Rs 1 crore. The company holds 100% stake in the subsidiary. Sandur Manganese & Iron Ores is the flagship company of the Karnataka-based Sandur Group. It is involved in the mining of low-phosphorous manganese and iron ore in the Hosapete-Ballari region of Karnataka. The company reported a 36.28% jump in consolidated net profit to Rs 227.09 crore on 21.09% increase in net sales to Rs 1,374.78 crore in Q1 FY27 over Q1 FY26. Sandur Manganese rose 0.84% to settle at Rs 184.65 on the BSE First Published: Sep 28 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Housing sales stay at record ?3.63 lakh crore, but fewer homes sell in H1 2026 First Published: Sep 28 2026 | 8:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch today: SAIL, ITC, Petronet LNG, M&M, Fortis, Tata Steel, NTPC First Published: Sep 28 2026 | 8:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 28 2026 | 8:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 28 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As tech titans warned an AI-weary world that their own advanced systems could endanger humanity, the question emerged: What do they have to gain? The answer may lie in the companies' efforts to score political goals ahead of the US midterm elections and the money top artificial intelligence labs and their investors stand to make in much-anticipated listings on a jittery stock market. The CEOs of Anthropic and OpenAI recently declared America's cutting-edge models are so powerful, they're dangerous, and need to be regulated and independently tested before being released. In a rare instance of unity, they have sketched alarming scenarios in essays, social media posts and speeches to the United Nations. Along the way, they are shaping the conversation around how their technology should be controlled. With their rhetoric, the companies appear to be seeking public favour and to set the terms for their own safety protocols in the unregulated market, experts, analysts and former government evaluators told The Associated Press. Those aims may not exactly align with what Anthropic engineer Jacob Coxon sought when he quit via a post on X this month, calling for a pause on tech development to keep "superhuman" systems from eluding their makers' control. But the companies saw his post as an opportunity to highlight their own safety efforts and position themselves as cautious market leaders, just when they need fresh capital before going public on Wall Street. President Donald Trump has shunned the need for new AI regulations, dismissing talk of risks to humanity as a "HOAX" designed to help China. An Anthropic spokesperson said in response to questions for this story that the company has been calling for regulation for several years. An OpenAI spokesperson, Liz Bourgeois, noted the company recently paused training of its most advanced models. "People want to know AI is being developed safely, and that starts with what companies like ours do ourselves," Bourgeois said. Calls for slowdown shift the conversation on AI risks Turning the conversation toward unproven threats - and away from polarising issues such as data centres' environmental impacts, uncontrolled hacking incidents, mass AI-powered surveillance and the AI systems' use in warfare - puts Silicon Valley in a more comfortable position, said Sarah Shoker, who previously led OpenAI's geopolitics team. "Once again we're talking about existential risk, while deprioritising a number of other safety-critical risks that exist today. If you look at the use of AI in military tech, you can see that these systems are already used to kill people," said Shoker, a senior non-resident fellow at University of California, Berkeley Risk & Security Lab. As AI companies have gone from building chatbots to advanced AI "world models" with 3D awareness, debate has raged over how their technologies should be tested. Problematic incidents have shown leading AI companies failing to police themselves or design safe experiments. In recent months, leading labs' AI agents have hacked into external websites after being allowed to escape company training sandboxes, interacted with US government websites in unexpected ways, and appeared to achieve a mathematical breakthrough only to face accusations of stealing mathematicians' work. OpenAI representatives told reporters recently that they have talked with AI companies including Anthropic and Google about pausing development. They also argue they need independent auditors to check the labs' progress if the government won't regulate. Leading labs press their oversight vision Trump has shown little interest in regulating AI, which has been a major driver of recent US economic growth. The Republican president himself has struck deals with Silicon Valley firms that more closely tie the economy to their successes. San Francisco venture capitalist David Sacks, who co-chairs Trump's Council of Advisors on Science and Technology, has dismissed calls for an AI slowdown as fearmongering from the "Doomer Industrial Complex." The reality is the Trump administration already evaluates some of the tech giants' models through a little-known federal agency, the US Center for AI Standards and Innovation. Democratic President Joe Biden created the agency in 2023, when it was heralded as a clearinghouse for labs to voluntarily submit advanced AI models for testing. The agency still exists, but the field has since expanded to include an array of independent evaluation firms, such as Berkeley, California-based nonprofit METR, which Anthropic CEO Dario Amodei suggested in a recent essay could help vet his company's safety practices. But unlike regulated sectors like restaurants, financial services or aviation, there are no universal standards for how to test the safety and security of AI systems, said Andrew Strait, who recently left the United Kingdom's AI Security Institute, which worked with CAISI. Notably, the companies aren't calling for more oversight from the government agency equipped to handle such requests, said Conrad Stosz, who previously led CAISI. Instead, they're vowing to create their own auditing parameters and choose particular evaluators to grade them. Stosz now works at one such evaluation lab that has worked with Anthropic, OpenAI and Google to test their systems, and also chairs the AI Evaluator Forum, which is drafting best practices for the field. He said even the forum has questions about what Amodei and OpenAI CEO Sam Altman want. "Lots of evaluators are interested in embedding with labs and getting greater access, but it's a little ambiguous what embedded evaluators means," said Stosz, now head of governance at Transluce, which revealed last week that OpenAI agents hacked US and Australian government websites. "Will evaluators be able to thoroughly investigate, assuming that access is granted in a way that does not undermine their independence and credibility?" Companies position themselves as safe bets For Harrison Rolfes, a PitchBook senior research analyst, AI companies' calls for caution seem meant to curry favour with investors ahead of public offerings and the midterms, when the political winds could shift. Democratic governors already are rushing to show they're taking the warnings seriously. Meanwhile, the AI giants can block smaller competitors' growth by positioning themselves as the safest bet for investors, as well as for AI chipmakers and tech companies such as Nvidia and Google, which in turn can benefit from deals that provide the giant AI companies compute power, Rolfes said. "They're creating a wall or a moat within this sector. It's genius and they're all going to make a lot of money," Rolfes said. "That's where I see this heading, having the top companies in the world just creating their own wall, and then using the safety as the reason." Not all AI companies endorse a slowdown. Chipmaker Nvidia's CEO Jensen Huang said in a phone conversation with Trump - a call he took onstage at a conference - that he agrees there has been excessive AI alarmism and companies can choose to pace themselves. Daniel Kokotajlo, who left OpenAI in 2024 over concerns similar to Coxon's, said he continues to worry that AI systems are advancing faster than companies can control, and fears existential scenarios such as AI's potential to supercharge the creation of bioweapons, nuclear war or other catastrophes. "All of this talk is actually a way to sort of dissipate and redirect this political will that has built up, rather than actually channelling that political will to do something good," said Kokotajlo, who now leads an AI safety advocacy organisation and said he counselled Coxon before he resigned. "Just please don't do the thing that's going to get us all killed. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 28 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex may open on a negative note as oil prices rose. First Published: Sep 28 2026 | 7:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brent edged up 0.4% last week but WTI lost 7.9% on concerns that the US may ban diesel exports to ease record prices which could curb US refining output Oil prices rebounded more than 1% on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz, keeping tensions in the West Asia elevated. Brent crude futures rose $1.32, or 1.27%, to $105.64 ?a barrel by 0036 GMT while US West Texas Intermediate crude was at $93.11 a barrel, up 70 cents, or 0.76%. Iran announced a peace proposal last week at the UN General Assembly in New York, saying it had been transmitted to the Americans via Qatari mediators. Trump said on Saturday he rejected the plan, but told Axios in a phone interview on Sunday that he expected US negotiators to engage in more talks this week. "Geopolitical risks remain elevated, as the Houthis and Iran continued their attacks on Saudi Arabia, leaving regional supply flows vulnerable," ?ANZ analysts said in a note. Yemen's Saudi-led coalition said early on Saturday it had intercepted two ballistic missiles and two drones launched by the Iran-backed Houthis towards the kingdom. Brent edged up 0.4% last week but WTI lost 7.9% on concerns that the US may ban diesel exports to ease record prices which could curb US refining output. "Refined oil products remain a pressure point, with record US diesel prices intensifying inflation risks and prompting renewed debate over potential export curbs," ANZ analysts said. Any restriction on US diesel ?exports would tighten supply outside the US, with European prices reacting to the prospect of reduced American supply, they added. Meanwhile, crude oil exports from key West Asia ?producers rebounded in September to 12.8 million barrels per day, the highest since the war ?started in February, preliminary data from Kpler showed on Monday, as Saudi Arabia and the United Arab Emirates boosted exports. The rebound came following a recovery in shipments ?via the Strait of Hormuz, which were set to hit about 7.4 million bpd this month, the data showed, as Saudi Arabia diverted exports from the Red Sea port ?of Yanbu to its eastern Ras Tanura port following attacks that damaged its East-West pipeline. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 28 2026 | 7:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 28 2026 | 7:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Blue-chip havoc: Near 40% of Nifty 50 down over 20%; ?32 lakh cr wiped out First Published: Sep 28 2026 | 7:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank’s next MD & CEO will need to accelerate retail and deposit growth, rebuild its CASA franchise and improve margins while navigating the post-merger transition. First Published: Sep 27 2026 | 8:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 27 2026 | 5:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 27 2026 | 5:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nine companies, including Trans ACNR Solutions and Maharashtra Oil Extractions have filed preliminary papers with markets regulator Sebi for IPOs, joining a growing list of firms tapping the primary market to raise capital for expansion, debt repayment and other corporate requirements. Trans ACNR Solutions has filed its preliminary papers through the confidential pre-filing route, while the other eight firms -- Maharashtra Oil Extractions, Jagatjit Agri Engineering, Jai Parvati Forge, Koolking Industries India, Sai Infinium, SG Encon, Mount Everest Breweries and Ultravibrant Integrated Energy -- have filed standard public draft documents with Sebi. The filings were made between September 21 and September 26. The proposed initial public offerings (IPOs) are aimed at raising funds for a range of purposes, including business expansion, working capital requirements, repayment of debt and general corporate purposes. Under the confidential pre-filing mechanism, companies can submit draft offer documents to Sebi and stock exchanges without immediately making them available in the public domain. The documents are disclosed at a later stage after regulatory review. Consequently, details of Trans ACNR Solutions' proposed IPO, including the offer size, structure, financial performance, valuation and timeline for the share sale, are not available at this stage. In a public notice, the company said it has filed the "pre-filed draft red herring prospectus with Sebi and the stock exchanges" in connection with its proposed IPO of equity shares on the main board of the stock exchanges. Among the companies that have made their IPO details public, Maharashtra Oil Extractions has proposed a fresh issue of up to Rs 370 crore and an an offer for sale (OFS) of up to 2.14 crore equity shares by promoters, according to the draft red herring prospectus (DRHP). The company, incorporated in 1995, is engaged in processing, manufacturing, marketing and sale of products across the soybean value chain, including crude and refined edible oil, plant-based protein supplements, soya meal, soya flour and textured soya protein, besides lecithin and other speciality and industrial chemicals. Jagatjit Agri Engineering's proposed share sale comprises a fresh issue of equity shares worth up to Rs 300 crore and an OFS of up to 31 lakh equity shares by promoter Jagatjit Singh, according to its DRHP. Ludhiana-based Jagatjit Agri Engineering, incorporated in 2020, manufactures agricultural implements and provides end-to-end crop solutions. Mohali-based Jai Parvati Forge has proposed an IPO comprising a fresh issue of up to Rs 300 crore and an OFS of up to 90 lakh equity shares by promoter Suman Chauhan. Incorporated in 2004, the company manufactures forged and machined components, including bull gears, transmission gears and shafts and precision-machined parts. Punjab-based Koolking Industries India has proposed a fresh issue of up to Rs 300 crore and an OFS of up to 30.50 lakh equity shares by promoters. Incorporated in 2008, the company manufactures and supplies heating, ventilation and air-conditioning (HVAC) components in India. According to a CARE report cited in the DRHP, it accounted for around 15 per cent of the total addressable market (TAM) as of FY26. SG Encon's IPO involves a fresh issue of up to 71.90 lakh equity shares and an OFS of up to 13.71 lakh equity shares by promoters Rajiv Gandhi and Pankaj Setia. The total offer size comprises up to 85.62 lakh equity shares. Indore-based Mount Everest Breweries has filed its preliminary papers for an IPO comprising a fresh issue of up to 1.15 crore equity shares. Incorporated in 1999, the company is a beer brewing player in Madhya Pradesh and had a market share of nearly 36.3 per cent in terms of volume production in FY26, according to the Technopak report cited in the DRHP. It has a presence across 16 states and three Union Territories. Sai Infinium Ltd, formerly known as Sai Bandhan Infinium Ltd, has filed its draft prospectus for an IPO comprising a fresh issue of equity shares aggregating up to Rs 280 crore and an OFS of up to 1.20 crore equity shares by promoter Ishu Bansal, according to the DRHP. Ultravibrant Integrated Energy Ltd, formerly known as Ultravaibrant Solar Energy Ltd, has filed its draft papers for an IPO comprising a fresh issue of up to 1.20 crore equity shares and an OFS of up to 25 lakh equity shares by promoter Rajeshwar Singh. Moreover, 11 companies, including JSW One Platforms and biscuit maker Anmol Industries, also filed their draft papers with Sebi over the last few days. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 27 2026 | 5:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold and silver are expected to face another choppy spell, with US data, West Asia tensions and their impact on crude prices set to test bullion sentiment during a holiday-shortened week, analysts said. Market participants will shift their focus to the US data calendar, with consumer confidence, GDP and PCE inflation readings, alongside Eurozone inflation. Additionally, manufacturing PMIs, speeches from Federal Reserve officials and the US non-farm payrolls report will provide further cues for bullion sentiment, they added. Geopolitical uncertainty will continue to play a role, particularly the US-Iran standoff, after US President Donald Trump said that he rejected Tehran's proposal to reopen the Strait of Hormuz within a week and resume nuclear talks in exchange for lifting the naval blockade. Commodity markets would remain closed on Friday for Mahatma Gandhi Jayanti. "The broader outlook remains cautious with volatility likely to stay elevated as the market will closely focus on the upcoming US nonfarm payrolls and unemployment data, which will be crucial in determining expectations around the Federal Reserve's October policy decision," Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said. On the Multi Commodity Exchange (MCX), gold futures for October delivery fell Rs 3,500, or nearly 2.3 per cent, last week to settle at Rs 1.5 lakh per 10 grams. Silver futures declined Rs 6,907, or 3 per cent, to Rs 2.34 per kilogram. "Gold remained highly volatile last week, trading within the Rs 1.5-1.54 lakh per 10 grams range and ending lower by more than 2 per cent as profit booking from higher levels continued as markets increasingly priced in the possibility of another Fed rate hike in October," Trivedi said. The recovery remained limited as traders cut positions at elevated levels. A sustained rise in the dollar index above 101 could add to the pressure on gold, as a stronger dollar tends to reduce demand for dollar-denominated bullion. In global markets, Comex gold futures for December delivery dropped USD 103.7, or 2.34 per cent, last week to USD 4,321.2 per ounce. Silver fell USD 2.35, or 3.5 per cent, to USD 64.80 an ounce in New York. "Gold futures traded in a range for most trading sessions last week but overall remained under selling pressure with international prices closing around USD 4,300 per ounce," said Pranav Mer, Senior Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd. Silver futures also ended with a weekly loss following gold and consolidation and correction in industrial metals, he said. The pressure is not coming from currencies alone. US 10-year Treasury yields have climbed to their highest since 2007, while 30-year yields are near 2004 highs. Higher long-term yields tend to dent demand for assets such as gold and silver even as West Asia and Russia-Ukraine tensions persist. Oil markets offer another variable. Russia and Ukraine continue to target energy infrastructure, but higher supplies from Saudi Arabia and Iraq have improved availability this month and weighed on crude prices, Mer said. For gold, the next big test will be the US jobs report. A stronger reading could reinforce rate-hike bets and pressure prices, while weaker employment data may cool those expectations and support bullion through a softer dollar, Trivedi said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 27 2026 | 5:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coal inventories at thermal power plants have fallen sharply as unusually high September electricity demand increases dependence on coal-fired generation. First Published: Sep 27 2026 | 5:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
"The rental value of a commercial real estate asset is not solely dependent on demand but largely depends on the cost and availability of land" First Published: Sep 27 2026 | 4:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Limited availability of quality Grade-A office space and sustained occupier demand are driving premium rentals in key Mumbai and Delhi-NCR micro-markets. First Published: Sep 27 2026 | 4:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
However, the report cautioned that a significant portion of this opportunity could continue to be met through imports unless domestic component and material capacities are scaled up India's consumer durables market is expected to witness significant growth to touch ?3-3.25 lakh crore by 2030, creating an additional ?40,000-50,000 crore opportunity for domestic value addition across materials and component manufacturing, a joint report by Boston Consulting Group (BCG) and industry body CII said. The report said India is expected to remain one of the world's fastest-growing consumer durables markets over the next five years, driven by rising household penetration, growing nuclearisation of families, higher incomes, easier financing, wider distribution and increasing premiumisation. In comparison, China, the world's largest market, is expected to grow at 1-2 per cent annually through 2030, while the US is projected to expand by 3 per cent and Japan by 1-3 per cent, according to the report. "India is set to remain the fastest-growing major consumer durables market, growing 8-10 per cent annually till 2030 and reach $30-35 billion by 2030, with Room Airconditioner growth leading the market," the report said. However, the report cautioned that a significant portion of this opportunity could continue to be met through imports unless domestic component and material capacities are scaled up. According to the report, localisation of bill of materials (BOM) currently ranges between 25 per cent and 70 per cent across categories, with televisions and air conditioners at the lower end and refrigerators and washing machines at the higher end. This is estimated to rise to 30-80 per cent by 2030 as domestic component and material capacities are built up. The report identified TV display panels, RAC compressors, refrigerator insulation and washing machine motors as key components where the localisation gap persists. "As domestic component and material capacity ramps up, localisation is estimated to rise to 3080 per cent by 2030," it said, adding "Technology partnerships and joint ventures will be required in areas where know-how is concentrated among a few global suppliers, while cluster-led manufacturing can help address scale and cost disadvantages." Moreover, the report highlighted that global consumer durables export is expected to touch $900-950 billion by 2030, but India's share of global trade remains below 1 per cent. Although durable's exports are growing, they remain concentrated in neighbouring markets and regions such as SAARC countries and the UAE, with limited presence in major global import markets, it added. "India faces a material cost disadvantage vs leading exporters, driven by scale, backward integration, technology & policy support gaps, and compounded by limited testing, certification & compliance infrastructure," it said. It cited Thailand as an example of a coordinated export ecosystem, noting that the country's share of global air conditioner exports rose from 16 per cent to 22 per cent between 2010 and 2025, making it the world's second-largest AC exporter. The report called for India to build a similar export ecosystem, including manufacturing clusters linked to component ecosystems, support for joint ventures and technology acquisition, shared testing and certification infrastructure, and lower financing costs. Besides, it also pointed out that India's top listed durables players invest less than 1 per cent of revenue in research and development, compared with 1-4 per cent for global peers, which limits the shift from manufacturing scale to technology leadership. "Closing this gap requires support targeted at innovation, not just building capacity," it said. On technology adoption, it said Indian business leaders are more optimistic about the returns from artificial intelligence than their global counterparts, but workforce readiness remains limited. The report said generative AI and agentic AI technologies could improve efficiency across manufacturing, supply chains, product development and customer service, helping companies enhance competitiveness and support export growth. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 27 2026 | 2:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
However, the report cautioned that a significant portion of this opportunity could continue to be met through imports unless domestic component and material capacities are scaled up India's consumer durables market is expected to witness significant growth to touch ?3-3.25 lakh crore by 2030, creating an additional ?40,000-50,000 crore opportunity for domestic value addition across materials and component manufacturing, a joint report by Boston Consulting Group (BCG) and industry body CII said. The report said India is expected to remain one of the world's fastest-growing consumer durables markets over the next five years, driven by rising household penetration, growing nuclearisation of families, higher incomes, easier financing, wider distribution and increasing premiumisation. In comparison, China, the world's largest market, is expected to grow at 1-2 per cent annually through 2030, while the US is projected to expand by 3 per cent and Japan by 1-3 per cent, according to the report. "India is set to remain the fastest-growing major consumer durables market, growing 8-10 per cent annually till 2030 and reach $30-35 billion by 2030, with Room Airconditioner growth leading the market," the report said. However, the report cautioned that a significant portion of this opportunity could continue to be met through imports unless domestic component and material capacities are scaled up. According to the report, localisation of bill of materials (BOM) currently ranges between 25 per cent and 70 per cent across categories, with televisions and air conditioners at the lower end and refrigerators and washing machines at the higher end. This is estimated to rise to 30-80 per cent by 2030 as domestic component and material capacities are built up. The report identified TV display panels, RAC compressors, refrigerator insulation and washing machine motors as key components where the localisation gap persists. "As domestic component and material capacity ramps up, localisation is estimated to rise to 3080 per cent by 2030," it said, adding "Technology partnerships and joint ventures will be required in areas where know-how is concentrated among a few global suppliers, while cluster-led manufacturing can help address scale and cost disadvantages." Moreover, the report highlighted that global consumer durables export is expected to touch $900-950 billion by 2030, but India's share of global trade remains below 1 per cent. Although durable's exports are growing, they remain concentrated in neighbouring markets and regions such as SAARC countries and the UAE, with limited presence in major global import markets, it added. "India faces a material cost disadvantage vs leading exporters, driven by scale, backward integration, technology & policy support gaps, and compounded by limited testing, certification & compliance infrastructure," it said. It cited Thailand as an example of a coordinated export ecosystem, noting that the country's share of global air conditioner exports rose from 16 per cent to 22 per cent between 2010 and 2025, making it the world's second-largest AC exporter. The report called for India to build a similar export ecosystem, including manufacturing clusters linked to component ecosystems, support for joint ventures and technology acquisition, shared testing and certification infrastructure, and lower financing costs. Besides, it also pointed out that India's top listed durables players invest less than 1 per cent of revenue in research and development, compared with 1-4 per cent for global peers, which limits the shift from manufacturing scale to technology leadership. "Closing this gap requires support targeted at innovation, not just building capacity," it said. On technology adoption, it said Indian business leaders are more optimistic about the returns from artificial intelligence than their global counterparts, but workforce readiness remains limited. The report said generative AI and agentic AI technologies could improve efficiency across manufacturing, supply chains, product development and customer service, helping companies enhance competitiveness and support export growth. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 27 2026 | 2:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
However, the report cautioned that a significant portion of this opportunity could continue to be met through imports unless domestic component and material capacities are scaled up India's consumer durables market is expected to witness significant growth to touch ?3-3.25 lakh crore by 2030, creating an additional ?40,000-50,000 crore opportunity for domestic value addition across materials and component manufacturing, a joint report by Boston Consulting Group (BCG) and industry body CII said. The report said India is expected to remain one of the world's fastest-growing consumer durables markets over the next five years, driven by rising household penetration, growing nuclearisation of families, higher incomes, easier financing, wider distribution and increasing premiumisation. In comparison, China, the world's largest market, is expected to grow at 1-2 per cent annually through 2030, while the US is projected to expand by 3 per cent and Japan by 1-3 per cent, according to the report. "India is set to remain the fastest-growing major consumer durables market, growing 8-10 per cent annually till 2030 and reach $30-35 billion by 2030, with Room Airconditioner growth leading the market," the report said. However, the report cautioned that a significant portion of this opportunity could continue to be met through imports unless domestic component and material capacities are scaled up. According to the report, localisation of bill of materials (BOM) currently ranges between 25 per cent and 70 per cent across categories, with televisions and air conditioners at the lower end and refrigerators and washing machines at the higher end. This is estimated to rise to 30-80 per cent by 2030 as domestic component and material capacities are built up. The report identified TV display panels, RAC compressors, refrigerator insulation and washing machine motors as key components where the localisation gap persists. "As domestic component and material capacity ramps up, localisation is estimated to rise to 3080 per cent by 2030," it said, adding "Technology partnerships and joint ventures will be required in areas where know-how is concentrated among a few global suppliers, while cluster-led manufacturing can help address scale and cost disadvantages." Moreover, the report highlighted that global consumer durables export is expected to touch $900-950 billion by 2030, but India's share of global trade remains below 1 per cent. Although durable's exports are growing, they remain concentrated in neighbouring markets and regions such as SAARC countries and the UAE, with limited presence in major global import markets, it added. "India faces a material cost disadvantage vs leading exporters, driven by scale, backward integration, technology & policy support gaps, and compounded by limited testing, certification & compliance infrastructure," it said. It cited Thailand as an example of a coordinated export ecosystem, noting that the country's share of global air conditioner exports rose from 16 per cent to 22 per cent between 2010 and 2025, making it the world's second-largest AC exporter. The report called for India to build a similar export ecosystem, including manufacturing clusters linked to component ecosystems, support for joint ventures and technology acquisition, shared testing and certification infrastructure, and lower financing costs. Besides, it also pointed out that India's top listed durables players invest less than 1 per cent of revenue in research and development, compared with 1-4 per cent for global peers, which limits the shift from manufacturing scale to technology leadership. "Closing this gap requires support targeted at innovation, not just building capacity," it said. On technology adoption, it said Indian business leaders are more optimistic about the returns from artificial intelligence than their global counterparts, but workforce readiness remains limited. The report said generative AI and agentic AI technologies could improve efficiency across manufacturing, supply chains, product development and customer service, helping companies enhance competitiveness and support export growth. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 27 2026 | 2:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
However, the report cautioned that a significant portion of this opportunity could continue to be met through imports unless domestic component and material capacities are scaled up India's consumer durables market is expected to witness significant growth to touch ?3-3.25 lakh crore by 2030, creating an additional ?40,000-50,000 crore opportunity for domestic value addition across materials and component manufacturing, a joint report by Boston Consulting Group (BCG) and industry body CII said. The report said India is expected to remain one of the world's fastest-growing consumer durables markets over the next five years, driven by rising household penetration, growing nuclearisation of families, higher incomes, easier financing, wider distribution and increasing premiumisation. In comparison, China, the world's largest market, is expected to grow at 1-2 per cent annually through 2030, while the US is projected to expand by 3 per cent and Japan by 1-3 per cent, according to the report. "India is set to remain the fastest-growing major consumer durables market, growing 8-10 per cent annually till 2030 and reach $30-35 billion by 2030, with Room Airconditioner growth leading the market," the report said. However, the report cautioned that a significant portion of this opportunity could continue to be met through imports unless domestic component and material capacities are scaled up. According to the report, localisation of bill of materials (BOM) currently ranges between 25 per cent and 70 per cent across categories, with televisions and air conditioners at the lower end and refrigerators and washing machines at the higher end. This is estimated to rise to 30-80 per cent by 2030 as domestic component and material capacities are built up. The report identified TV display panels, RAC compressors, refrigerator insulation and washing machine motors as key components where the localisation gap persists. "As domestic component and material capacity ramps up, localisation is estimated to rise to 3080 per cent by 2030," it said, adding "Technology partnerships and joint ventures will be required in areas where know-how is concentrated among a few global suppliers, while cluster-led manufacturing can help address scale and cost disadvantages." Moreover, the report highlighted that global consumer durables export is expected to touch $900-950 billion by 2030, but India's share of global trade remains below 1 per cent. Although durable's exports are growing, they remain concentrated in neighbouring markets and regions such as SAARC countries and the UAE, with limited presence in major global import markets, it added. "India faces a material cost disadvantage vs leading exporters, driven by scale, backward integration, technology & policy support gaps, and compounded by limited testing, certification & compliance infrastructure," it said. It cited Thailand as an example of a coordinated export ecosystem, noting that the country's share of global air conditioner exports rose from 16 per cent to 22 per cent between 2010 and 2025, making it the world's second-largest AC exporter. The report called for India to build a similar export ecosystem, including manufacturing clusters linked to component ecosystems, support for joint ventures and technology acquisition, shared testing and certification infrastructure, and lower financing costs. Besides, it also pointed out that India's top listed durables players invest less than 1 per cent of revenue in research and development, compared with 1-4 per cent for global peers, which limits the shift from manufacturing scale to technology leadership. "Closing this gap requires support targeted at innovation, not just building capacity," it said. On technology adoption, it said Indian business leaders are more optimistic about the returns from artificial intelligence than their global counterparts, but workforce readiness remains limited. The report said generative AI and agentic AI technologies could improve efficiency across manufacturing, supply chains, product development and customer service, helping companies enhance competitiveness and support export growth. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 27 2026 | 2:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
However, the report cautioned that a significant portion of this opportunity could continue to be met through imports unless domestic component and material capacities are scaled up India's consumer durables market is expected to witness significant growth to touch ?3-3.25 lakh crore by 2030, creating an additional ?40,000-50,000 crore opportunity for domestic value addition across materials and component manufacturing, a joint report by Boston Consulting Group (BCG) and industry body CII said. The report said India is expected to remain one of the world's fastest-growing consumer durables markets over the next five years, driven by rising household penetration, growing nuclearisation of families, higher incomes, easier financing, wider distribution and increasing premiumisation. In comparison, China, the world's largest market, is expected to grow at 1-2 per cent annually through 2030, while the US is projected to expand by 3 per cent and Japan by 1-3 per cent, according to the report. "India is set to remain the fastest-growing major consumer durables market, growing 8-10 per cent annually till 2030 and reach $30-35 billion by 2030, with Room Airconditioner growth leading the market," the report said. However, the report cautioned that a significant portion of this opportunity could continue to be met through imports unless domestic component and material capacities are scaled up. According to the report, localisation of bill of materials (BOM) currently ranges between 25 per cent and 70 per cent across categories, with televisions and air conditioners at the lower end and refrigerators and washing machines at the higher end. This is estimated to rise to 30-80 per cent by 2030 as domestic component and material capacities are built up. The report identified TV display panels, RAC compressors, refrigerator insulation and washing machine motors as key components where the localisation gap persists. "As domestic component and material capacity ramps up, localisation is estimated to rise to 3080 per cent by 2030," it said, adding "Technology partnerships and joint ventures will be required in areas where know-how is concentrated among a few global suppliers, while cluster-led manufacturing can help address scale and cost disadvantages." Moreover, the report highlighted that global consumer durables export is expected to touch $900-950 billion by 2030, but India's share of global trade remains below 1 per cent. Although durable's exports are growing, they remain concentrated in neighbouring markets and regions such as SAARC countries and the UAE, with limited presence in major global import markets, it added. "India faces a material cost disadvantage vs leading exporters, driven by scale, backward integration, technology & policy support gaps, and compounded by limited testing, certification & compliance infrastructure," it said. It cited Thailand as an example of a coordinated export ecosystem, noting that the country's share of global air conditioner exports rose from 16 per cent to 22 per cent between 2010 and 2025, making it the world's second-largest AC exporter. The report called for India to build a similar export ecosystem, including manufacturing clusters linked to component ecosystems, support for joint ventures and technology acquisition, shared testing and certification infrastructure, and lower financing costs. Besides, it also pointed out that India's top listed durables players invest less than 1 per cent of revenue in research and development, compared with 1-4 per cent for global peers, which limits the shift from manufacturing scale to technology leadership. "Closing this gap requires support targeted at innovation, not just building capacity," it said. On technology adoption, it said Indian business leaders are more optimistic about the returns from artificial intelligence than their global counterparts, but workforce readiness remains limited. The report said generative AI and agentic AI technologies could improve efficiency across manufacturing, supply chains, product development and customer service, helping companies enhance competitiveness and support export growth. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 27 2026 | 2:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
However, the report cautioned that a significant portion of this opportunity could continue to be met through imports unless domestic component and material capacities are scaled up India's consumer durables market is expected to witness significant growth to touch ?3-3.25 lakh crore by 2030, creating an additional ?40,000-50,000 crore opportunity for domestic value addition across materials and component manufacturing, a joint report by Boston Consulting Group (BCG) and industry body CII said. The report said India is expected to remain one of the world's fastest-growing consumer durables markets over the next five years, driven by rising household penetration, growing nuclearisation of families, higher incomes, easier financing, wider distribution and increasing premiumisation. In comparison, China, the world's largest market, is expected to grow at 1-2 per cent annually through 2030, while the US is projected to expand by 3 per cent and Japan by 1-3 per cent, according to the report. "India is set to remain the fastest-growing major consumer durables market, growing 8-10 per cent annually till 2030 and reach $30-35 billion by 2030, with Room Airconditioner growth leading the market," the report said. However, the report cautioned that a significant portion of this opportunity could continue to be met through imports unless domestic component and material capacities are scaled up. According to the report, localisation of bill of materials (BOM) currently ranges between 25 per cent and 70 per cent across categories, with televisions and air conditioners at the lower end and refrigerators and washing machines at the higher end. This is estimated to rise to 30-80 per cent by 2030 as domestic component and material capacities are built up. The report identified TV display panels, RAC compressors, refrigerator insulation and washing machine motors as key components where the localisation gap persists. "As domestic component and material capacity ramps up, localisation is estimated to rise to 3080 per cent by 2030," it said, adding "Technology partnerships and joint ventures will be required in areas where know-how is concentrated among a few global suppliers, while cluster-led manufacturing can help address scale and cost disadvantages." Moreover, the report highlighted that global consumer durables export is expected to touch $900-950 billion by 2030, but India's share of global trade remains below 1 per cent. Although durable's exports are growing, they remain concentrated in neighbouring markets and regions such as SAARC countries and the UAE, with limited presence in major global import markets, it added. "India faces a material cost disadvantage vs leading exporters, driven by scale, backward integration, technology & policy support gaps, and compounded by limited testing, certification & compliance infrastructure," it said. It cited Thailand as an example of a coordinated export ecosystem, noting that the country's share of global air conditioner exports rose from 16 per cent to 22 per cent between 2010 and 2025, making it the world's second-largest AC exporter. The report called for India to build a similar export ecosystem, including manufacturing clusters linked to component ecosystems, support for joint ventures and technology acquisition, shared testing and certification infrastructure, and lower financing costs. Besides, it also pointed out that India's top listed durables players invest less than 1 per cent of revenue in research and development, compared with 1-4 per cent for global peers, which limits the shift from manufacturing scale to technology leadership. "Closing this gap requires support targeted at innovation, not just building capacity," it said. On technology adoption, it said Indian business leaders are more optimistic about the returns from artificial intelligence than their global counterparts, but workforce readiness remains limited. The report said generative AI and agentic AI technologies could improve efficiency across manufacturing, supply chains, product development and customer service, helping companies enhance competitiveness and support export growth. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 27 2026 | 2:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
However, the report cautioned that a significant portion of this opportunity could continue to be met through imports unless domestic component and material capacities are scaled up India's consumer durables market is expected to witness significant growth to touch ?3-3.25 lakh crore by 2030, creating an additional ?40,000-50,000 crore opportunity for domestic value addition across materials and component manufacturing, a joint report by Boston Consulting Group (BCG) and industry body CII said. The report said India is expected to remain one of the world's fastest-growing consumer durables markets over the next five years, driven by rising household penetration, growing nuclearisation of families, higher incomes, easier financing, wider distribution and increasing premiumisation. In comparison, China, the world's largest market, is expected to grow at 1-2 per cent annually through 2030, while the US is projected to expand by 3 per cent and Japan by 1-3 per cent, according to the report. "India is set to remain the fastest-growing major consumer durables market, growing 8-10 per cent annually till 2030 and reach $30-35 billion by 2030, with Room Airconditioner growth leading the market," the report said. However, the report cautioned that a significant portion of this opportunity could continue to be met through imports unless domestic component and material capacities are scaled up. According to the report, localisation of bill of materials (BOM) currently ranges between 25 per cent and 70 per cent across categories, with televisions and air conditioners at the lower end and refrigerators and washing machines at the higher end. This is estimated to rise to 30-80 per cent by 2030 as domestic component and material capacities are built up. The report identified TV display panels, RAC compressors, refrigerator insulation and washing machine motors as key components where the localisation gap persists. "As domestic component and material capacity ramps up, localisation is estimated to rise to 3080 per cent by 2030," it said, adding "Technology partnerships and joint ventures will be required in areas where know-how is concentrated among a few global suppliers, while cluster-led manufacturing can help address scale and cost disadvantages." Moreover, the report highlighted that global consumer durables export is expected to touch $900-950 billion by 2030, but India's share of global trade remains below 1 per cent. Although durable's exports are growing, they remain concentrated in neighbouring markets and regions such as SAARC countries and the UAE, with limited presence in major global import markets, it added. "India faces a material cost disadvantage vs leading exporters, driven by scale, backward integration, technology & policy support gaps, and compounded by limited testing, certification & compliance infrastructure," it said. It cited Thailand as an example of a coordinated export ecosystem, noting that the country's share of global air conditioner exports rose from 16 per cent to 22 per cent between 2010 and 2025, making it the world's second-largest AC exporter. The report called for India to build a similar export ecosystem, including manufacturing clusters linked to component ecosystems, support for joint ventures and technology acquisition, shared testing and certification infrastructure, and lower financing costs. Besides, it also pointed out that India's top listed durables players invest less than 1 per cent of revenue in research and development, compared with 1-4 per cent for global peers, which limits the shift from manufacturing scale to technology leadership. "Closing this gap requires support targeted at innovation, not just building capacity," it said. On technology adoption, it said Indian business leaders are more optimistic about the returns from artificial intelligence than their global counterparts, but workforce readiness remains limited. The report said generative AI and agentic AI technologies could improve efficiency across manufacturing, supply chains, product development and customer service, helping companies enhance competitiveness and support export growth. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 27 2026 | 2:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
However, the report cautioned that a significant portion of this opportunity could continue to be met through imports unless domestic component and material capacities are scaled up India's consumer durables market is expected to witness significant growth to touch ?3-3.25 lakh crore by 2030, creating an additional ?40,000-50,000 crore opportunity for domestic value addition across materials and component manufacturing, a joint report by Boston Consulting Group (BCG) and industry body CII said. The report said India is expected to remain one of the world's fastest-growing consumer durables markets over the next five years, driven by rising household penetration, growing nuclearisation of families, higher incomes, easier financing, wider distribution and increasing premiumisation. In comparison, China, the world's largest market, is expected to grow at 1-2 per cent annually through 2030, while the US is projected to expand by 3 per cent and Japan by 1-3 per cent, according to the report. "India is set to remain the fastest-growing major consumer durables market, growing 8-10 per cent annually till 2030 and reach $30-35 billion by 2030, with Room Airconditioner growth leading the market," the report said. However, the report cautioned that a significant portion of this opportunity could continue to be met through imports unless domestic component and material capacities are scaled up. According to the report, localisation of bill of materials (BOM) currently ranges between 25 per cent and 70 per cent across categories, with televisions and air conditioners at the lower end and refrigerators and washing machines at the higher end. This is estimated to rise to 30-80 per cent by 2030 as domestic component and material capacities are built up. The report identified TV display panels, RAC compressors, refrigerator insulation and washing machine motors as key components where the localisation gap persists. "As domestic component and material capacity ramps up, localisation is estimated to rise to 3080 per cent by 2030," it said, adding "Technology partnerships and joint ventures will be required in areas where know-how is concentrated among a few global suppliers, while cluster-led manufacturing can help address scale and cost disadvantages." Moreover, the report highlighted that global consumer durables export is expected to touch $900-950 billion by 2030, but India's share of global trade remains below 1 per cent. Although durable's exports are growing, they remain concentrated in neighbouring markets and regions such as SAARC countries and the UAE, with limited presence in major global import markets, it added. "India faces a material cost disadvantage vs leading exporters, driven by scale, backward integration, technology & policy support gaps, and compounded by limited testing, certification & compliance infrastructure," it said. It cited Thailand as an example of a coordinated export ecosystem, noting that the country's share of global air conditioner exports rose from 16 per cent to 22 per cent between 2010 and 2025, making it the world's second-largest AC exporter. The report called for India to build a similar export ecosystem, including manufacturing clusters linked to component ecosystems, support for joint ventures and technology acquisition, shared testing and certification infrastructure, and lower financing costs. Besides, it also pointed out that India's top listed durables players invest less than 1 per cent of revenue in research and development, compared with 1-4 per cent for global peers, which limits the shift from manufacturing scale to technology leadership. "Closing this gap requires support targeted at innovation, not just building capacity," it said. On technology adoption, it said Indian business leaders are more optimistic about the returns from artificial intelligence than their global counterparts, but workforce readiness remains limited. The report said generative AI and agentic AI technologies could improve efficiency across manufacturing, supply chains, product development and customer service, helping companies enhance competitiveness and support export growth. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 27 2026 | 2:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 27 2026 | 2:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The report further noted that financing through the ECB route strengthened, although funds mobilised through the IPO route declined First Published: Sep 27 2026 | 1:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The report further noted that financing through the ECB route strengthened, although funds mobilised through the IPO route declined First Published: Sep 27 2026 | 1:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The report further noted that financing through the ECB route strengthened, although funds mobilised through the IPO route declined First Published: Sep 27 2026 | 1:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The report further noted that financing through the ECB route strengthened, although funds mobilised through the IPO route declined First Published: Sep 27 2026 | 1:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The report further noted that financing through the ECB route strengthened, although funds mobilised through the IPO route declined First Published: Sep 27 2026 | 1:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The report further noted that financing through the ECB route strengthened, although funds mobilised through the IPO route declined First Published: Sep 27 2026 | 1:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The report further noted that financing through the ECB route strengthened, although funds mobilised through the IPO route declined First Published: Sep 27 2026 | 1:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The report further noted that financing through the ECB route strengthened, although funds mobilised through the IPO route declined First Published: Sep 27 2026 | 1:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The report further noted that financing through the ECB route strengthened, although funds mobilised through the IPO route declined First Published: Sep 27 2026 | 1:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investors will focus on geopolitical developments, crude oil prices, bond yields and macroeconomic data announcements to determine market trends during the holiday-shortened week ahead, analysts said. According to experts, the US-Iran diplomatic talks and crude oil prices will drive global market sentiment. Moreover, the market is likely to remain cautious as crude oil prices, geopolitical developments and global bond yields continue to influence near-term direction, they said. Equity markets would remain closed on Friday for Mahatma Gandhi Jayanti. "Globally, developments around US-Iran diplomacy and crude oil prices will remain critical. Any progress on a framework for reopening the Strait of Hormuz could ease energy prices and provide some relief to India's import bill and the rupee, while renewed geopolitical tensions could keep volatility elevated," Ajit Mishra, SVP Research, Religare Broking, said. On the domestic front, industrial production data for August and the HSBC manufacturing PMI reading will be released during the week, he added. Additionally, market participants will closely monitor foreign institutional investor (FII) activity and the upcoming monthly auto sales figures. "Global bond yields will also remain important following the Federal Reserve's September policy decision. Further increases in yields and the dollar could weigh on emerging-market capital flows, while a moderation in yields could provide some relief. "The rupee will remain another important factor to watch, with persistent oil-related demand for dollars and continued FII outflows potentially keeping the currency under pressure, although RBI intervention has helped contain excessive volatility," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. In addition, a series of economic data releases from the US will also be important for global risk sentiment, he added. Last week, the BSE benchmark Sensex declined 399.22 points, or 0.53 per cent, and the NSE Nifty dipped 205.9 points, or 0.88 per cent. "Brent crude near $105106 a barrel remains too elevated to provide meaningful macroeconomic relief. Progress in the US-Iran negotiations could help reduce the geopolitical premium in oil prices, while renewed escalation or supply disruptions could intensify inflationary pressures. "The US 10-year Treasury yield, currently near 5.2 per cent, will remain another important constraint on global risk appetite," Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a Research Analyst firm, said. The combination of higher oil prices, elevated yields and geopolitical uncertainty contributed to the sharp sell-off seen during the middle of last week, Ponmudi said. Elevated yields continue to tighten global financial conditions and can reduce the relative attractiveness of emerging-market assets, he added. According to Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services, markets will track India's August industrial production and the federal fiscal deficit for cues on domestic momentum and the consolidation path. Globally, US consumer confidence and JOLTS job openings, and the eurozone September inflation cluster will shape expectations around the global rate cycle. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 27 2026 | 12:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 27 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 27 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Petronet LNG Ltd, India's biggest gas importer, has sought shareholders' approval to continue payment of commission to its directors, capped at 1 per cent of annual profits, for another five years from financial year 2026-27 to 2030-31. The proposal, contained in the notice for the company's forthcoming general meeting, seeks approval for distribution of a sum not exceeding 1 per cent per annum of profits calculated under Section 198 of the Companies Act, 2013, among the directors in such amounts and proportions as may be decided by the board from time to time. Shareholders had last approved the commission arrangement at the annual general meeting held on September 28, 2021, for FY22 to FY26. The earlier approvals for similar payments were granted in 2007, 2011 and 2016, according to the shareholder notice. The company said the proposed continuation was being sought in view of its "healthy financial position". For the fiscal year ended March 31, 2026, Petronet paid its CEO Akshay Kumar Singh and other directors a commission of Rs 26.5 lakh each, according to the annual report. They had received a commission of Rs 25.5 lakh in the previous fiscal year. The commission took Singh's total remuneration in 2025-26 to Rs 3.64 crore, up from Rs 3.03 crore in the previous financial year. Independent directors on the company board also got Rs 10 lakh each as commission on profit, besides the sitting fees. They were paid Rs 9.75 lakh commission in previous 2024-25 fiscal. The actual commission paid to whole-time directors, including the managing director and CEO, and independent directors has remained well below the statutory ceiling, according to the company. In FY26, whole-time directors, including the MD and CEO, were eligible for a maximum commission of Rs 79.5 lakh, while independent directors were eligible for Rs 55 lakh, taking the combined maximum to Rs 134.5 lakh, it said. The company said the commission, as a percentage of profit before tax, was "marginal" and within the overall limits prescribed under the Companies Act, 2013. Petronet had reported a net profit of Rs 3,843 crore on a revenue of Rs 43,495 crore in 2025-26. This compared with Rs 3,926 crore profit on a revenue of Rs 50,980 crore in the previous 2024-25 fiscal year. Section 197 of the Companies Act governs managerial remuneration, while its provisions cap remuneration payable to non-executive directors, including independent directors, at 1 per cent of net profits where the company has a managing or whole-time director or manager. Singh last year got a 15-month extension till May 2027 as the managing director and chief executive officer of the country's biggest liquefied natural gas importer. Singh, 65, who took over as Petronet CEO on February 1, 2020, for an initial five-year term, will now superannuate on May 12, 2027. While the superannuation age in public sector companies is 60 years, Petronet, though headed by the government's top bureaucrat in the Union Ministry of Petroleum and Natural Gas, is registered as a private limited company. Petronet is not under any government watchdog like CAG or CVC and is beyond the purview of RTI. Its board executives enjoy higher remuneration than PSUs and also retire at the age of 65 years. A process to find a replacement for Singh has already started. Appointments to the board are made by a search-cum-selection committee of the board. It is made up of representatives of lead shareholders in the company, an independent director and an outside expert. State-owned Indian Oil Corporation (IOC), GAIL (India) Ltd, Oil and Natural Gas Corp (ONGC) and Bharat Petroleum Corporation Ltd (BPCL) hold a 12.5 per cent stake each in the company. The heads of the four blue-chip oil firms, who sit on the board of Petronet, superannuate at the age of 60 years. A mechanical engineer from MIT, Muzaffarpur (Bihar), and a post-graduate from South Gujarat University, Singh came to Petronet from Indian Oil Corporation (IOC), where he was Director (Pipelines). Prior to joining the IOC board in 2018, Singh was an executive director at state-owned gas utility GAIL India Ltd. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 27 2026 | 11:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahindra weighs another SUV price hike amid rising commodity costs Mahindra & Mahindra is weighing another price increase across its SUV portfolio amid recent commodity price increases, with a decision expected in the next couple of weeks, its Automotive President and CEO Nalinikanth Gollagunta said. In an interview with PTI, Gollagunta said the company has already taken three price increases this year -- in January, April and July, with the July increase being about 2.7 per cent on sports utility vehicles (SUVs). "We're watching it very closely. As you know, we've already taken three increases -- one in January, one in April, and a fairly significant one in July, about 2.7 per cent on SUVs. That said, it's something that can be very dynamic, so we continue to watch it," he said. Elaborating further, Gollagunta said, "We'll probably take a call in the next couple of weeks on whether we need a price increase... I can't say we will or we won't, but it's something we're looking at closely, given the recent price increases on commodities". He said recent price increases across the auto industry have not affected customer inquiries or bookings, with vehicles still priced below pre-GST levels. "No, primarily for a couple of reasons -- we're still well below pre-GST prices, so demand continues to be quite intact and robust at this point," Gollagunta said. On the festive season, he said demand should be strong for Mahindra as well as across the industry, helped by prices remaining below pre-GST (Goods and Services Tax) levels and a refreshed product portfolio. "Festive should be very good for us, and across the industry, for a couple of reasons. We've had inflationary pressures, but the reality is the GST price cuts from last year are holding us all well below pre-GST prices, even with the inflationary price increases we've made over the past year or so," he said. On hybrid technology, Gollagunta said Mahindra remains focused on electric vehicles and would adapt if the regulatory environment changes. "We're very clear in our minds -- EV is the end state the country is heading towards, and that's also what the government has made clear to the industry. If you look at the CAFE (Corporate Average Fuel Efficiency) norms, there's a very clear differentiation between the benefits given to an EV versus a hybrid. So our focus is on EVs to that extent. If the regulatory environment changes, we have the ability to adapt, but at this point our focus is primarily on EVs," he shared. On capacity, Gollagunta said Mahindra currently has about 60,000 units of monthly ICE (internal combustion engine) capacity and about 8,000 units of EV (electric vehicle) capacity, and is largely delivering to those levels. "The next set of capacity increases will happen at the end of March, early April -- the 60,000 ICE capacity will go to 70,000, and the EV capacity of 8,000 will go to 12,000. So, where we are now, we're at 68,000, and we'll go to 84,000 in about six months," he said. Gollagunta also said the company has several product refreshes and two major launches lined up over the next two quarters. "We'll have a set of refreshes coming -- some of this we've already talked about. We have about 5 (product) refreshes; a few have already happened, and two or three more are coming up. Other than that, we have two major launches coming within the next couple of quarters -- that's also why we've added the capacity. We'll have one major launch on the ICE side and one major launch on the EV side, both happening within the next two quarters," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 27 2026 | 11:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahindra weighs another SUV price hike amid rising commodity costs (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 27 2026 | 11:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shailesh Chandra, Managing director, Tata Motors Passenger Vehicles Ltd Tata Motors Passenger Vehicles expects to cross 15 per cent domestic market share "very soon" and is working towards its previously stated target of 20 per cent by FY31, as the nearly year-old standalone business looks to drive significant growth through investments in new product categories, faster product interventions and powertrain expansion, its Managing Director and CEO Shailesh Chandra said. In an interview with PTI, Chandra said the passenger vehicle business, which became a standalone entity following the demerger effective October 1 last year, has grown nearly 40 per cent over the past year and is exiting September with electric vehicles accounting for more than 25 per cent of its total sales. "Our focus is going to be, of course, to drive significant growth, double-digit growth. At the same time, we want to be leading the charge as far as the sustainable or zero-emission powertrains and emission-friendly powertrains are concerned, and at the same time, we have to continue to invest more aggressively, not only into new product categories, creating white spaces, but also in terms of faster change of interventions of the product to keep it relevant, to keep it competitive, to continuously keep it exciting for the customers," the Tata Motors MD & CEO said. Elaborating on the company's performance during the last one year, Chandra observed, "You are already seeing, in the last one year, the number of refreshes, facelifts and new launches that we have been bringing. I'm sure that when we end this month, which will be the completion of one year, we would have sold nearly 7,50,000 (vehicles). "So the business would have come to that level, and we have grown in the last one year, by nearly 40 per cent. So that's significant growth that we have been able to achieve and in this period, we have also been able to take the electric vehicle penetration as we are exiting this month to greater than 25 per cent. "So we are very close to 15 per cent already, market share. So that (15 pc) should happen, you know, very soon. But the next 5 per cent is going to come in the next five years," he said. Chandra said the company has already stated its ambition of reaching 1.2 million annual sales and 20 per cent market share by FY31. "We have already stated that in the next four-five years, we want to be 1.2 million (annual sales), 20 per cent market share, and that would mean a very agile way of working, and that is what the focus of this company is going to be," he emphasised. The Tata Motors Passenger Vehicles MD & CEO said the company sees multiple avenues for gaining market share, including segments where it is currently absent, changing affordability and demand at different price points, and faster-growing powertrains such as EVs and CNG. "I think it is in multiple directions. I would say one is those segments where we are not present today, where there are offerings in the market by other players, is one clear growth axis. "The other growth axis is that affordability in the country is shifting, right, and demand at different price points is also shifting, and there are certain places where demand is going to go very big in certain price points, and therefore, whether we can come up with more exciting white space offerings, that can be another one, those segments don't exist today, for example. "The third axis is, of course, the powertrains. EV and CNG are going to grow much faster than the industry and fortunately, in both these two segments, we are the leaders with higher market share than our overall market share. So, on all three axes, we have a strategy to grow," Chandra explained. On segments where it currently has no presence, he said, "So, at least let's take for example, we might not be present in MPVs (multi-purpose vehicles). We might not be present in certain kind of lifestyle SUVs, right? Those would be some of the segments". Tata Motors completed its strategic demerger into two separate, independently listed entities from October 1, 2025, separating its commercial and passenger vehicle operations. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 27 2026 | 11:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cars24's last funding round was in 2022 at a $3.3 billion post-money valuation Cars24 expects to be eligible to file its draft red herring prospectus (DRHP) by April after completing its reverse flip from Singapore to India, a process that could take six to nine months, its CFO Shivanshu Makkar said. In an interview with PTI, Makkar said Cars24, which was incorporated in Singapore in 2015, has received approval for the reverse flip and will file papers for its IPO in India. "On the IPO, we are a Singapore-based entity. We had set up back in 2015 in Singapore. So, we are re-domiciling right now. It's a reverse flip process, like the process that Flipkart and Myntra did. "We have gotten our approval from Singapore, and we are filing in India. This will take anywhere between six to nine months. After the day we become an Indian entity is when we can file the DRHP. So, by April, we would be eligible to file a DRHP. From there, it takes about three to four months for Sebi approvals, pricing, book-building and all. So, that's the kind of timeline I'm looking at right now," Makkar said. Cars24's last funding round was in 2022 at a $3.3 billion post-money valuation. Makkar said the company has not raised fresh capital since then as it has not required additional funding. "The last round was raised in 2022 at a $3.3 billion post-money valuation. We haven't done any (external funding) round since then because we haven't required the capital. We are still sitting on decent enough capital. "So, when we do an IPO, it would be to either expand into new geographies or go deeper into the Indian geography for expansion. We are not burning any cash right now, so I don't need cash to burn," he stressed. Makkar said Cars24 is considering a potential IPO mainly as a means to create capital for expansion in India and new geographies, rather than to meet an immediate funding need. "The primary purpose of the IPO would mostly be to create a war chest to go deeper into India and make sure we are able to ensure that the next 20 crore Indians are able to buy a car. Right now, if you look at this industry, five out of 100 Indians own a car. So, the headroom is massive. "The tailwind and headroom both are insane. So, to go into newer cities, I'm right now in 25 cities in retail. Maybe I go to 200 cities and about 50,000 cars. So, for that, the primary capital would be used," he said. Asked about the valuation at which Cars24 would seek to list, Makkar said there was no target at present and that he did not view an IPO as an end goal or valuation exercise. "For me, the IPO is a way to provide liquidity to the shareholders and to some of the employees, and at the same time raise capital to solve the problem that we are solving in the country and beyond our country. I'm not married to a valuation per se," he emphasised. Makkar also indicated that Cars24 could pursue a public listing even if it was able to raise capital through other avenues, citing governance benefits from becoming a listed entity. "The other thing that comes with an IPO is a stamp on your governance. When you become a listed entity, there is a stamp on your governance. That could be another reason I might go for an IPO in spite of getting money from the primary market. "Over the last two years I have built that governance internally. If I go truly for an IPO, I get that stamp on my governance and a check also. So, for me, that could be the other reason. Despite getting secondary capital from the market, I might still go for an IPO," he highlighted. Beyond India, Cars24 is looking at further expansion in the Gulf region and Australia. In the UAE, Makkar said Cars24 currently has around a 7 per cent share of the used-car market and is growing at nearly 30 per cent, while in Australia it has expanded to three cities. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 27 2026 | 11:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 27 2026 | 9:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 27 2026 | 7:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 27 2026 | 7:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This guide explains how Large, mid, or smallcaps category works, their advantages and drawbacks and the type of investor most likely to benefit from them. (Illustration: Binay Sinha) First Published: Sep 27 2026 | 6:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 26 2026 | 5:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
J Infratech Ltd, an integrated infrastructure engineering, procurement and construction (EPC) firm, has filed preliminary papers with the market regulator Sebi for an initial public offering (IPO) comprising a fresh issue of shares worth ?600 crore. Apart from the fresh issue, the company's proposed IPO comprises an offer for sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. The Haryana-based company may also consider a pre-IPO placement of up to ?120 crore. In case the placement is completed, the size of the fresh issue will be reduced accordingly. The proceeds from the IPO will primarily be utilised to meet working capital requirements, repay or pre-pay certain borrowings and for general corporate purposes. J Infratech is an integrated infrastructure engineering, procurement and construction (EPC) company focused on roads, highways and bridges, with experience in executing large-scale road development projects involving specialised structures across India. The company commenced operations in 2005 through its partnership firm, Jandu Construction Co, which was subsequently converted into J Infratech in 2019. As of July 31, 2026, the company had completed 35 projects and was executing 46 projects across 16 states and three Union Territories. The equity shares proposed to be offered through the IPO are proposed to be listed on both BSE and NSE. Systematix Corporate Services is the book-running lead manager to the issue, and KFin Technologies is the registrar to the offer. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
J Infratech Ltd, an integrated infrastructure engineering, procurement and construction (EPC) firm, has filed preliminary papers with the market regulator Sebi for an initial public offering (IPO) comprising a fresh issue of shares worth ?600 crore. Apart from the fresh issue, the company's proposed IPO comprises an offer for sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. The Haryana-based company may also consider a pre-IPO placement of up to ?120 crore. In case the placement is completed, the size of the fresh issue will be reduced accordingly. The proceeds from the IPO will primarily be utilised to meet working capital requirements, repay or pre-pay certain borrowings and for general corporate purposes. J Infratech is an integrated infrastructure engineering, procurement and construction (EPC) company focused on roads, highways and bridges, with experience in executing large-scale road development projects involving specialised structures across India. The company commenced operations in 2005 through its partnership firm, Jandu Construction Co, which was subsequently converted into J Infratech in 2019. As of July 31, 2026, the company had completed 35 projects and was executing 46 projects across 16 states and three Union Territories. The equity shares proposed to be offered through the IPO are proposed to be listed on both BSE and NSE. Systematix Corporate Services is the book-running lead manager to the issue, and KFin Technologies is the registrar to the offer. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
J Infratech Ltd, an integrated infrastructure engineering, procurement and construction (EPC) firm, has filed preliminary papers with the market regulator Sebi for an initial public offering (IPO) comprising a fresh issue of shares worth ?600 crore. Apart from the fresh issue, the company's proposed IPO comprises an offer for sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. The Haryana-based company may also consider a pre-IPO placement of up to ?120 crore. In case the placement is completed, the size of the fresh issue will be reduced accordingly. The proceeds from the IPO will primarily be utilised to meet working capital requirements, repay or pre-pay certain borrowings and for general corporate purposes. J Infratech is an integrated infrastructure engineering, procurement and construction (EPC) company focused on roads, highways and bridges, with experience in executing large-scale road development projects involving specialised structures across India. The company commenced operations in 2005 through its partnership firm, Jandu Construction Co, which was subsequently converted into J Infratech in 2019. As of July 31, 2026, the company had completed 35 projects and was executing 46 projects across 16 states and three Union Territories. The equity shares proposed to be offered through the IPO are proposed to be listed on both BSE and NSE. Systematix Corporate Services is the book-running lead manager to the issue, and KFin Technologies is the registrar to the offer. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
J Infratech Ltd, an integrated infrastructure engineering, procurement and construction (EPC) firm, has filed preliminary papers with the market regulator Sebi for an initial public offering (IPO) comprising a fresh issue of shares worth ?600 crore. Apart from the fresh issue, the company's proposed IPO comprises an offer for sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. The Haryana-based company may also consider a pre-IPO placement of up to ?120 crore. In case the placement is completed, the size of the fresh issue will be reduced accordingly. The proceeds from the IPO will primarily be utilised to meet working capital requirements, repay or pre-pay certain borrowings and for general corporate purposes. J Infratech is an integrated infrastructure engineering, procurement and construction (EPC) company focused on roads, highways and bridges, with experience in executing large-scale road development projects involving specialised structures across India. The company commenced operations in 2005 through its partnership firm, Jandu Construction Co, which was subsequently converted into J Infratech in 2019. As of July 31, 2026, the company had completed 35 projects and was executing 46 projects across 16 states and three Union Territories. The equity shares proposed to be offered through the IPO are proposed to be listed on both BSE and NSE. Systematix Corporate Services is the book-running lead manager to the issue, and KFin Technologies is the registrar to the offer. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
J Infratech Ltd, an integrated infrastructure engineering, procurement and construction (EPC) firm, has filed preliminary papers with the market regulator Sebi for an initial public offering (IPO) comprising a fresh issue of shares worth ?600 crore. Apart from the fresh issue, the company's proposed IPO comprises an offer for sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. The Haryana-based company may also consider a pre-IPO placement of up to ?120 crore. In case the placement is completed, the size of the fresh issue will be reduced accordingly. The proceeds from the IPO will primarily be utilised to meet working capital requirements, repay or pre-pay certain borrowings and for general corporate purposes. J Infratech is an integrated infrastructure engineering, procurement and construction (EPC) company focused on roads, highways and bridges, with experience in executing large-scale road development projects involving specialised structures across India. The company commenced operations in 2005 through its partnership firm, Jandu Construction Co, which was subsequently converted into J Infratech in 2019. As of July 31, 2026, the company had completed 35 projects and was executing 46 projects across 16 states and three Union Territories. The equity shares proposed to be offered through the IPO are proposed to be listed on both BSE and NSE. Systematix Corporate Services is the book-running lead manager to the issue, and KFin Technologies is the registrar to the offer. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
J Infratech Ltd, an integrated infrastructure engineering, procurement and construction (EPC) firm, has filed preliminary papers with the market regulator Sebi for an initial public offering (IPO) comprising a fresh issue of shares worth ?600 crore. Apart from the fresh issue, the company's proposed IPO comprises an offer for sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. The Haryana-based company may also consider a pre-IPO placement of up to ?120 crore. In case the placement is completed, the size of the fresh issue will be reduced accordingly. The proceeds from the IPO will primarily be utilised to meet working capital requirements, repay or pre-pay certain borrowings and for general corporate purposes. J Infratech is an integrated infrastructure engineering, procurement and construction (EPC) company focused on roads, highways and bridges, with experience in executing large-scale road development projects involving specialised structures across India. The company commenced operations in 2005 through its partnership firm, Jandu Construction Co, which was subsequently converted into J Infratech in 2019. As of July 31, 2026, the company had completed 35 projects and was executing 46 projects across 16 states and three Union Territories. The equity shares proposed to be offered through the IPO are proposed to be listed on both BSE and NSE. Systematix Corporate Services is the book-running lead manager to the issue, and KFin Technologies is the registrar to the offer. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
J Infratech Ltd, an integrated infrastructure engineering, procurement and construction (EPC) firm, has filed preliminary papers with the market regulator Sebi for an initial public offering (IPO) comprising a fresh issue of shares worth ?600 crore. Apart from the fresh issue, the company's proposed IPO comprises an offer for sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. The Haryana-based company may also consider a pre-IPO placement of up to ?120 crore. In case the placement is completed, the size of the fresh issue will be reduced accordingly. The proceeds from the IPO will primarily be utilised to meet working capital requirements, repay or pre-pay certain borrowings and for general corporate purposes. J Infratech is an integrated infrastructure engineering, procurement and construction (EPC) company focused on roads, highways and bridges, with experience in executing large-scale road development projects involving specialised structures across India. The company commenced operations in 2005 through its partnership firm, Jandu Construction Co, which was subsequently converted into J Infratech in 2019. As of July 31, 2026, the company had completed 35 projects and was executing 46 projects across 16 states and three Union Territories. The equity shares proposed to be offered through the IPO are proposed to be listed on both BSE and NSE. Systematix Corporate Services is the book-running lead manager to the issue, and KFin Technologies is the registrar to the offer. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
J Infratech Ltd, an integrated infrastructure engineering, procurement and construction (EPC) firm, has filed preliminary papers with the market regulator Sebi for an initial public offering (IPO) comprising a fresh issue of shares worth ?600 crore. Apart from the fresh issue, the company's proposed IPO comprises an offer for sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. The Haryana-based company may also consider a pre-IPO placement of up to ?120 crore. In case the placement is completed, the size of the fresh issue will be reduced accordingly. The proceeds from the IPO will primarily be utilised to meet working capital requirements, repay or pre-pay certain borrowings and for general corporate purposes. J Infratech is an integrated infrastructure engineering, procurement and construction (EPC) company focused on roads, highways and bridges, with experience in executing large-scale road development projects involving specialised structures across India. The company commenced operations in 2005 through its partnership firm, Jandu Construction Co, which was subsequently converted into J Infratech in 2019. As of July 31, 2026, the company had completed 35 projects and was executing 46 projects across 16 states and three Union Territories. The equity shares proposed to be offered through the IPO are proposed to be listed on both BSE and NSE. Systematix Corporate Services is the book-running lead manager to the issue, and KFin Technologies is the registrar to the offer. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
J Infratech Ltd, an integrated infrastructure engineering, procurement and construction (EPC) firm, has filed preliminary papers with the market regulator Sebi for an initial public offering (IPO) comprising a fresh issue of shares worth ?600 crore. Apart from the fresh issue, the company's proposed IPO comprises an offer for sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. The Haryana-based company may also consider a pre-IPO placement of up to ?120 crore. In case the placement is completed, the size of the fresh issue will be reduced accordingly. The proceeds from the IPO will primarily be utilised to meet working capital requirements, repay or pre-pay certain borrowings and for general corporate purposes. J Infratech is an integrated infrastructure engineering, procurement and construction (EPC) company focused on roads, highways and bridges, with experience in executing large-scale road development projects involving specialised structures across India. The company commenced operations in 2005 through its partnership firm, Jandu Construction Co, which was subsequently converted into J Infratech in 2019. As of July 31, 2026, the company had completed 35 projects and was executing 46 projects across 16 states and three Union Territories. The equity shares proposed to be offered through the IPO are proposed to be listed on both BSE and NSE. Systematix Corporate Services is the book-running lead manager to the issue, and KFin Technologies is the registrar to the offer. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
J Infratech Ltd, an integrated infrastructure engineering, procurement and construction (EPC) firm, has filed preliminary papers with the market regulator Sebi for an initial public offering (IPO) comprising a fresh issue of shares worth ?600 crore. Apart from the fresh issue, the company's proposed IPO comprises an offer for sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. The Haryana-based company may also consider a pre-IPO placement of up to ?120 crore. In case the placement is completed, the size of the fresh issue will be reduced accordingly. The proceeds from the IPO will primarily be utilised to meet working capital requirements, repay or pre-pay certain borrowings and for general corporate purposes. J Infratech is an integrated infrastructure engineering, procurement and construction (EPC) company focused on roads, highways and bridges, with experience in executing large-scale road development projects involving specialised structures across India. The company commenced operations in 2005 through its partnership firm, Jandu Construction Co, which was subsequently converted into J Infratech in 2019. As of July 31, 2026, the company had completed 35 projects and was executing 46 projects across 16 states and three Union Territories. The equity shares proposed to be offered through the IPO are proposed to be listed on both BSE and NSE. Systematix Corporate Services is the book-running lead manager to the issue, and KFin Technologies is the registrar to the offer. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
J Infratech Ltd, an integrated infrastructure engineering, procurement and construction (EPC) firm, has filed preliminary papers with the market regulator Sebi for an initial public offering (IPO) comprising a fresh issue of shares worth ?600 crore. Apart from the fresh issue, the company's proposed IPO comprises an offer for sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. The Haryana-based company may also consider a pre-IPO placement of up to ?120 crore. In case the placement is completed, the size of the fresh issue will be reduced accordingly. The proceeds from the IPO will primarily be utilised to meet working capital requirements, repay or pre-pay certain borrowings and for general corporate purposes. J Infratech is an integrated infrastructure engineering, procurement and construction (EPC) company focused on roads, highways and bridges, with experience in executing large-scale road development projects involving specialised structures across India. The company commenced operations in 2005 through its partnership firm, Jandu Construction Co, which was subsequently converted into J Infratech in 2019. As of July 31, 2026, the company had completed 35 projects and was executing 46 projects across 16 states and three Union Territories. The equity shares proposed to be offered through the IPO are proposed to be listed on both BSE and NSE. Systematix Corporate Services is the book-running lead manager to the issue, and KFin Technologies is the registrar to the offer. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Partnership aims to support EGR creation and extinguishment and promote trading in electronic gold receipts Under the partnership, Augmont will provide technical and operational support for the development of the EGR product. The company will also use its experience across the gold value chain to support the creation and extinguishment of EGRs. According to the company, the partnership is expected to support wider participation in EGRs and strengthen the digital framework for gold trading. The initiative will cover stakeholders including jewellers, refiners, traders and institutional investors. Augmont Enterprises operates across refining, bullion trading, digital gold, consumer products and technology-enabled platforms. The company serves institutional participants, jewellers, businesses and retail investors across the gold and silver value chain. The stock listed on the exchanges on 31 August 2026. It debuted at Rs 956 on the BSE, a 21.32% premium to its issue price of Rs 788 per share. On a consolidated basis, Augmont Enterprises' net profit declined 15.29% to Rs 57.73 crore while net sales rose 30.20% to Rs 18945.59 crore in Q1 June 2026 over Q1 June 2025. Shares of Augmont Enterprises rose 1.26% to settle at Rs 875 on Friday, 25 September 2026. First Published: Sep 26 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Before making the switch from SIPs to direct stock trading, it is worth asking yourself a few questions. First Published: Sep 26 2026 | 3:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dated 25 September 2026, the notice was issued under Section 73 of the Karnataka Goods and Services Tax Act, 2017. It proposes a tax liability of Rs 14.43 crore and interest of Rs 9.31 crore, taking the total amount to Rs 23.74 crore. Sanofi India said it is examining the show cause notice in consultation with its tax advisers and will submit a response within the prescribed time. Sanofi India is engaged in the manufacture and marketing of pharmaceutical products and vaccines. On a standalone basis, Sanofi India's net profit rose 20.14% to Rs 83.50 crore while net sales rose 7.73% to Rs 437.70 crore in Q2 June 2026 over Q2 June 2025. Shares of Sanofi India rose 0.34% to settle at Rs 3,143.40 on Friday, 25 September 2026. First Published: Sep 26 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purchase order from Premia Solutionz covers supply of medical displays, equipment accessories and backlight units, with execution scheduled over 16-20 weeks The order has been awarded by a domestic entity and is scheduled to be executed within 16 to 20 weeks, according to the company. Highness Microelectronics is a vertically integrated design-led electronics manufacturing company. It is engaged in the design, development, integration, and manufacturing of digital imaging and display solutions. It caters to defence & aerospace, railways, medical & healthcare, and industrial automation sectors. In H2 FY26, the company's net profit surged 245.65% YoY to Rs 3.18 crore, while net sales increased 19.32% YoY to Rs 8.77 crore. Shares of Highness Microelectronics rose 2% to settle at Rs 237.50 on Friday, 25 September 2026. First Published: Sep 26 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JSW Energy said its wholly owned subsidiary JSW Thermal Energy has entered into a contract with Toshiba JSW Power Systems to procure two 800 MW steam turbine generators for Phase-II of the Salboni Thermal Power Project in West Bengal. JSW Energy is a private sector power producer in India and part of JSW group. It has established its presence across the value chains of power sector with diversified assets in power generation and transmission. The company had reported a 36.62% decline in consolidated net profit to Rs 470.97 crore in Q1 FY27, compared with Rs 5,207.13 crore in Q1 FY26. However, revenue from operations jumped 1.24% YoY to Rs 5,207.13 crore for the quarter ended 30 June 2026. The counter shed 0.57% to settle at Rs 507.30 on the BSE. First Published: Sep 26 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Averaging up is buying more shares after a stock’s price rises because you feel positively about a company’s prospects. (Illustration: Binay Sinha) First Published: Sep 26 2026 | 1:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India has ordered more than 100 captive coal-fired power plants to operate at maximum capacity from October 1 through year-end to meet what it expects will ?be a rise in electricity demand. The federal power ministry's order, invoked under emergency provisions of the Electricity Act, applies to plants with installed capacity of at least 50 megawatts. The aim is to meet an "expected rise in electricity demand in the coming months," showed the order dated September 25 and seen by Reuters. Nearly 40% of coal-fired plants are operating with critically low fuel stock due to a surge in ?power demand as the El Niño climate phenomenon raises temperatures more than usual. The plants primarily serve industrial facilities such as aluminium smelters, steel manufacturers, cement factories and oil refineries. The power ministry has directed generators to sell surplus electricity through power exchanges. The order covers 112 plants belonging to companies including Vedanta, Tata Steel, Hindalco Industries, JSW Steel, UltraTech Cement, Reliance Industries, Indian Oil, Bharat Aluminium, Hindustan ?Zinc and Nayara Energy. The ministry has ordered plants to report weekly to the Central Electricity Authority detailing generation, captive ?consumption, power sales, available capacity and coal stocks. Separately, the ministry has ?extended an earlier emergency order requiring Tata Power's imported coal-fired plant in Mundra, Gujarat, to operate at full capacity until December ?31, citing the demand situation. Section 11 of the Electricity Act allows the government, under extraordinary circumstances, to direct generators to operate power stations ?in accordance with its instructions. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 12:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm Realty firm Prestige Estates has shelved plans to launch an initial public offering of its hotel business because of uncertain market conditions and other factors. In April last year, Prestige Estates Projects Ltd's subsidiary Prestige Hospitality Ventures Ltd (PHVL) filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to launch an IPO. The company planned to raise up to ?2,700 crore through a public issue. In a regulatory filing on Friday, the company informed that the board of directors decided to "withdraw the DRHP on account of strategic considerations and uncertain market conditions". PHVL might consider filing a fresh draft red herring prospectus with Sebi in the future for an initial public offering of its equity shares subject to suitable market conditions, receipt of requisite approvals and other considerations. In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm. A binding framework agreement was executed between the companies, CPP Investment Board Pvt Holdings Inc (CPPIB) and PHVL. After the agreement, CPPIB proposed to invest up to ?3,000 crore in PHVL in multiple tranches. Bengaluru-based Prestige Estates is one of the leading real estate developers. It develops homes, offices, malls and hotels across major cities. The company has many hotels. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm Realty firm Prestige Estates has shelved plans to launch an initial public offering of its hotel business because of uncertain market conditions and other factors. In April last year, Prestige Estates Projects Ltd's subsidiary Prestige Hospitality Ventures Ltd (PHVL) filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to launch an IPO. The company planned to raise up to ?2,700 crore through a public issue. In a regulatory filing on Friday, the company informed that the board of directors decided to "withdraw the DRHP on account of strategic considerations and uncertain market conditions". PHVL might consider filing a fresh draft red herring prospectus with Sebi in the future for an initial public offering of its equity shares subject to suitable market conditions, receipt of requisite approvals and other considerations. In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm. A binding framework agreement was executed between the companies, CPP Investment Board Pvt Holdings Inc (CPPIB) and PHVL. After the agreement, CPPIB proposed to invest up to ?3,000 crore in PHVL in multiple tranches. Bengaluru-based Prestige Estates is one of the leading real estate developers. It develops homes, offices, malls and hotels across major cities. The company has many hotels. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm Realty firm Prestige Estates has shelved plans to launch an initial public offering of its hotel business because of uncertain market conditions and other factors. In April last year, Prestige Estates Projects Ltd's subsidiary Prestige Hospitality Ventures Ltd (PHVL) filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to launch an IPO. The company planned to raise up to ?2,700 crore through a public issue. In a regulatory filing on Friday, the company informed that the board of directors decided to "withdraw the DRHP on account of strategic considerations and uncertain market conditions". PHVL might consider filing a fresh draft red herring prospectus with Sebi in the future for an initial public offering of its equity shares subject to suitable market conditions, receipt of requisite approvals and other considerations. In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm. A binding framework agreement was executed between the companies, CPP Investment Board Pvt Holdings Inc (CPPIB) and PHVL. After the agreement, CPPIB proposed to invest up to ?3,000 crore in PHVL in multiple tranches. Bengaluru-based Prestige Estates is one of the leading real estate developers. It develops homes, offices, malls and hotels across major cities. The company has many hotels. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm Realty firm Prestige Estates has shelved plans to launch an initial public offering of its hotel business because of uncertain market conditions and other factors. In April last year, Prestige Estates Projects Ltd's subsidiary Prestige Hospitality Ventures Ltd (PHVL) filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to launch an IPO. The company planned to raise up to ?2,700 crore through a public issue. In a regulatory filing on Friday, the company informed that the board of directors decided to "withdraw the DRHP on account of strategic considerations and uncertain market conditions". PHVL might consider filing a fresh draft red herring prospectus with Sebi in the future for an initial public offering of its equity shares subject to suitable market conditions, receipt of requisite approvals and other considerations. In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm. A binding framework agreement was executed between the companies, CPP Investment Board Pvt Holdings Inc (CPPIB) and PHVL. After the agreement, CPPIB proposed to invest up to ?3,000 crore in PHVL in multiple tranches. Bengaluru-based Prestige Estates is one of the leading real estate developers. It develops homes, offices, malls and hotels across major cities. The company has many hotels. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm Realty firm Prestige Estates has shelved plans to launch an initial public offering of its hotel business because of uncertain market conditions and other factors. In April last year, Prestige Estates Projects Ltd's subsidiary Prestige Hospitality Ventures Ltd (PHVL) filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to launch an IPO. The company planned to raise up to ?2,700 crore through a public issue. In a regulatory filing on Friday, the company informed that the board of directors decided to "withdraw the DRHP on account of strategic considerations and uncertain market conditions". PHVL might consider filing a fresh draft red herring prospectus with Sebi in the future for an initial public offering of its equity shares subject to suitable market conditions, receipt of requisite approvals and other considerations. In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm. A binding framework agreement was executed between the companies, CPP Investment Board Pvt Holdings Inc (CPPIB) and PHVL. After the agreement, CPPIB proposed to invest up to ?3,000 crore in PHVL in multiple tranches. Bengaluru-based Prestige Estates is one of the leading real estate developers. It develops homes, offices, malls and hotels across major cities. The company has many hotels. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm Realty firm Prestige Estates has shelved plans to launch an initial public offering of its hotel business because of uncertain market conditions and other factors. In April last year, Prestige Estates Projects Ltd's subsidiary Prestige Hospitality Ventures Ltd (PHVL) filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to launch an IPO. The company planned to raise up to ?2,700 crore through a public issue. In a regulatory filing on Friday, the company informed that the board of directors decided to "withdraw the DRHP on account of strategic considerations and uncertain market conditions". PHVL might consider filing a fresh draft red herring prospectus with Sebi in the future for an initial public offering of its equity shares subject to suitable market conditions, receipt of requisite approvals and other considerations. In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm. A binding framework agreement was executed between the companies, CPP Investment Board Pvt Holdings Inc (CPPIB) and PHVL. After the agreement, CPPIB proposed to invest up to ?3,000 crore in PHVL in multiple tranches. Bengaluru-based Prestige Estates is one of the leading real estate developers. It develops homes, offices, malls and hotels across major cities. The company has many hotels. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm Realty firm Prestige Estates has shelved plans to launch an initial public offering of its hotel business because of uncertain market conditions and other factors. In April last year, Prestige Estates Projects Ltd's subsidiary Prestige Hospitality Ventures Ltd (PHVL) filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to launch an IPO. The company planned to raise up to ?2,700 crore through a public issue. In a regulatory filing on Friday, the company informed that the board of directors decided to "withdraw the DRHP on account of strategic considerations and uncertain market conditions". PHVL might consider filing a fresh draft red herring prospectus with Sebi in the future for an initial public offering of its equity shares subject to suitable market conditions, receipt of requisite approvals and other considerations. In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm. A binding framework agreement was executed between the companies, CPP Investment Board Pvt Holdings Inc (CPPIB) and PHVL. After the agreement, CPPIB proposed to invest up to ?3,000 crore in PHVL in multiple tranches. Bengaluru-based Prestige Estates is one of the leading real estate developers. It develops homes, offices, malls and hotels across major cities. The company has many hotels. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm Realty firm Prestige Estates has shelved plans to launch an initial public offering of its hotel business because of uncertain market conditions and other factors. In April last year, Prestige Estates Projects Ltd's subsidiary Prestige Hospitality Ventures Ltd (PHVL) filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to launch an IPO. The company planned to raise up to ?2,700 crore through a public issue. In a regulatory filing on Friday, the company informed that the board of directors decided to "withdraw the DRHP on account of strategic considerations and uncertain market conditions". PHVL might consider filing a fresh draft red herring prospectus with Sebi in the future for an initial public offering of its equity shares subject to suitable market conditions, receipt of requisite approvals and other considerations. In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm. A binding framework agreement was executed between the companies, CPP Investment Board Pvt Holdings Inc (CPPIB) and PHVL. After the agreement, CPPIB proposed to invest up to ?3,000 crore in PHVL in multiple tranches. Bengaluru-based Prestige Estates is one of the leading real estate developers. It develops homes, offices, malls and hotels across major cities. The company has many hotels. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm Realty firm Prestige Estates has shelved plans to launch an initial public offering of its hotel business because of uncertain market conditions and other factors. In April last year, Prestige Estates Projects Ltd's subsidiary Prestige Hospitality Ventures Ltd (PHVL) filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to launch an IPO. The company planned to raise up to ?2,700 crore through a public issue. In a regulatory filing on Friday, the company informed that the board of directors decided to "withdraw the DRHP on account of strategic considerations and uncertain market conditions". PHVL might consider filing a fresh draft red herring prospectus with Sebi in the future for an initial public offering of its equity shares subject to suitable market conditions, receipt of requisite approvals and other considerations. In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm. A binding framework agreement was executed between the companies, CPP Investment Board Pvt Holdings Inc (CPPIB) and PHVL. After the agreement, CPPIB proposed to invest up to ?3,000 crore in PHVL in multiple tranches. Bengaluru-based Prestige Estates is one of the leading real estate developers. It develops homes, offices, malls and hotels across major cities. The company has many hotels. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm Realty firm Prestige Estates has shelved plans to launch an initial public offering of its hotel business because of uncertain market conditions and other factors. In April last year, Prestige Estates Projects Ltd's subsidiary Prestige Hospitality Ventures Ltd (PHVL) filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to launch an IPO. The company planned to raise up to ?2,700 crore through a public issue. In a regulatory filing on Friday, the company informed that the board of directors decided to "withdraw the DRHP on account of strategic considerations and uncertain market conditions". PHVL might consider filing a fresh draft red herring prospectus with Sebi in the future for an initial public offering of its equity shares subject to suitable market conditions, receipt of requisite approvals and other considerations. In August this year, Prestige Estates said that Canada-based investment firm CPPIB will invest up to ?3,000 crore in its hospitality arm. A binding framework agreement was executed between the companies, CPP Investment Board Pvt Holdings Inc (CPPIB) and PHVL. After the agreement, CPPIB proposed to invest up to ?3,000 crore in PHVL in multiple tranches. Bengaluru-based Prestige Estates is one of the leading real estate developers. It develops homes, offices, malls and hotels across major cities. The company has many hotels. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Post allotment, the paid up equity share capital has increased to Rs.26,86,23,610 consisting of 2,68,62,361 equity shares having face value of Rs.10. First Published: Sep 26 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 26 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
New supply fell to 98,165 units from 1,00,330 units during the period under review Housing sales fell 6 per cent to 1.03 lakh units in the July-September quarter across nine major cities, mainly due to subdued demand and lower fresh supply of homes, according to PropEquity. Global economic uncertainties also contributed to muted buying sentiments. Real estate data analytics firm PropEquity tracks primary residential markets in nine major cities -- Mumbai, Navi Mumbai, Thane, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune and Kolkata. Housing sales in these nine cities fell to 1,03,170 units in July-September from 1,09,420 units in the year-ago period, according to data. New supply fell to 98,165 units from 1,00,330 units during the period under review. Housing sales generally are slow during the July-September quarter because of monsoon rains, discouraging real estate developers from launching projects. Sales improve in the December quarter on account of festive demand. To cash in on this demand, developers increase fresh supply and also offer many incentives to lure customers. Among cities, housing sales in Bengaluru rose 1 per cent to 17,340 units in July-September from 17,170 units in the year-ago period. Sales in Hyderabad climbed 11 per cent to 15,470 units from 13,890 units. In Mumbai, sales of residential properties fell 8 per cent to 9,830 units from 10,690 units. Thane in the Mumbai Metropolitan Region saw an 11 per cent decline in sales to 16,230 units from 18,240 units. However, Navi Mumbai witnessed a 12 per cent rise in sales to 9,810 units from 8,730 units. Housing sales in Pune fell 16 per cent to 17,860 units from 21,190 units, and sales in Delhi-NCR slipped 12 per cent to 8,090 units from 9,230 units. In Chennai, sales dropped 17 per cent to 4,680 units from 5,640 units. Kolkata also witnessed a 17 per cent fall in sales to 3,860 units during the July-September quarter from 4,640 units in the year-ago period. Samir Jasuja, founder and CEO of PropEquity, said tier 1 cities continue to hover around the 1 lakh quarterly mark for new supply and sales of residential properties. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Record date is 08 October 2026 First Published: Sep 26 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On private placement basis First Published: Sep 26 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SAIL has signed an MoU with BCCL for the joint development and operation of SAIL's Indikatta Ramnagore and BCCL's East of Damagoria (Kalyaneshwari) coal blocks in West Bengal. Steel Authority of India (SAIL) is the leading steel-making company in India. The company is a fully integrated iron and steel maker, producing both basic and special steels for domestic construction, engineering, power, railway, automotive, and defense industries, as well as for export markets. The company reported a 120.80% year-on-year rise in standalone net profit to Rs 1,644.05 crore in Q1 FY27. Revenue from operations rose 1.25% to Rs 26,245.67 crore in the quarter ended 30 June 2026. Shares of Steel Authority of India rose 0.43% to close at Rs 184.80 on the BSE. First Published: Sep 26 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dhanuka Agritech announced the launch of two new products as detailed below: Name of Product Category of Product Specification Wetcit Neo Adjuvant Wetcit Neo is a novel spray adjuvant formulated with a unique blend of avocado oil, blackcurrant oil and surfactants. It reduces water surface tension, improves spray spreading, coverage and penetration, and delivers fast absorption and dry out. Wetcit Neo is compatible with most pesticide chemistries and integrates multiple adjuvant technologies into a single solution. Fujita Fungicide Fujita is a premium systemic fungicide containing Isoprothiolane 40% EC, designed for effective control of rice blast, including leaf, nodal and neck blast. It provides preventive and curative action with excellent systemic movement through roots and leaves, while inhibiting fungal phospholipid biosynthesis to restrict disease development. First Published: Sep 26 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
By way of subscription to convertible warrants The Board of Directors of Aequs has approved the preferential issue of up to 2,80,71,690 warrants, each convertible into one fully paid-up equity share of face value Rs 10, to Mellwood Trustee Services (Trustee of the Melligeri Private Family Foundation) (Promoter), a member of the Promoter Group, aggregating to approximately Rs 650 crore. The issue is subject to the shareholders' approval and such other statutory and regulatory approvals as may be required. Of the total issue size of approximately Rs 650 crore, Rs 325 crore will be payable upfront upon allotment of the warrants, representing 50 per cent of the issue size, and twice the regulatory minimum. The balance will be payable upon exercise of the warrants. In accordance with applicable regulations, warrant may be exercised within 18 months from the date of allotment. However, conversion of warrants into equity shares, by making payment of balance consideration, shall take place on or before 31 December 2027. Promoter has undertaken to pay the balance consideration in full, irrespective of the market price of the Company's shares at the time of exercise. The Company has received an investment commitment letter dated 25 September 2026, from Promoter to this effect. On full conversion of the warrants, the aggregate holding of the Promoter and Promoter Group in the Company will increase from 59.09 per cent to 60.73 per cent. The proceeds will fund capacity expansion across the aerospace and consumer businesses, including the development of the Hosur facility, investment in subsidiaries and joint ventures supporting that expansion, and general corporate purposes. The equity will also provide the base against which the Company raises its term borrowings for the expansion. The Board has assessed the Company's current equity requirement through FY28 and has decided to meet it through this issue. A broader capital raise will be considered as and when required by the Company's growth plans. First Published: Sep 26 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
One of the biggest advantages of systematic investing is that it removes emotion from the process. First Published: Sep 26 2026 | 11:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The current commercial capacity of NTPC Green Energy Limited group stands at 10,977.23 MW. With the addition of this capacity, the total installed capacity of the NTPC Green Energy group increases to 11,058.57 MW. First Published: Sep 26 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rashtriya Chemicals and Fertilizers (RCFL) said that it has awarded a purchase order worth Rs 797 crore to Larsen & Toubro for revamp of its ammonia plant for reduction in specific energy consumption. Rashtriya Chemicals & Fertilizers is a public sector undertaking (PSU) with a 75% stake owned by the Government of India (GOI). The company is engaged in the manufacturing and marketing of fertilizers and industrial chemicals. The companys consolidated net profit zoomed 35.09% to Rs 73.53 crore in Q1 FY27, compared with Rs 54.43 crore reported in the same period last year. Revenue from operations rose 6.38% year on year (YoY) to Rs 3,585.71 crore during the quarter ended June 2026. Shares of Rashtriya Chemicals and Fertilizers rose 0.23% to close at Rs 108.65 on the BSE. First Published: Sep 26 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US President Donald Trump has shared on social media a video clip of Pakistan Prime Minister Shehbaz Sharif's speech at the United Nations, where he thanked the American leader's "timely intervention" in halting Operation Sindoor. Sharif thanked Trump's "resolute and visionary leadership" and "timely intervention" in saving millions of lives in South Asia. Trump shared the video clip of Sharif's speech without any comments. The US president, in his speech at the UN on Tuesday, had claimed that he helped settle eight wars, including the conflict between Pakistan and India. According to Trump, Sharif said that the US president was responsible for saving 30 million lives in South Asia. Trump also said that almost all the countries he mentioned had sent him letters thanking him for his role. India had launched Operation Sindoor on May 7 last year, targeting terror infrastructure in Pakistan and Pakistan-occupied Kashmir in retaliation for the April 22 Pahalgam attack that had killed 26 civilians. New Delhi has rejected Trump's claims and asserted that Operation Sindoor was paused following a request from Pakistan's Director General of Military Operations to his counterpart in the Indian Army. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 9:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 1.81 crore shares as against 74.30 lakh shares on offer. The IPO opened for subscription on 23 September 2026 and closed on 25 September 2026. The price band has been fixed at Rs 350 to Rs 375 per share. The equity shares are proposed to be listed on the BSE and NSE. The IPO is entirely a fresh issue of shares worth Rs 300 crore, with no offer-for-sale component. The post-issue promoter and promoter group shareholding is expected to stand at 69.35%. The company plans to use Rs 155 crore from the IPO proceeds to secure performance bank guarantees for business expansion. Another Rs 60 crore will be used to fund working capital requirements, while Rs 6.50 crore will be used to repay certain borrowings. The balance will be used for general corporate purposes. Armee Infotech is an IT infrastructure solutions and managed services company headquartered in Gujarat and part of the Armee Group. Its business segments include IT infrastructure, IT managed services, retail sales and renewable energy. The IT infrastructure segment provides IT hardware and software along with installation, integration, maintenance and support services. Its managed services business provides technical manpower, skill development and training and annual maintenance services. The renewable energy segment undertakes solar power EPC projects, develops solar projects under power purchase agreements and undertakes battery energy storage system projects. In FY2026, the IT infrastructure segment contributed 85.81% of revenue, followed by IT managed services at 5.26% and the renewable energy segment at 8.93%. As of 30 June 2026, Armee Infotech had 99 ongoing projects, including 65 IT infrastructure projects, 21 IT managed services projects, 10 renewable energy EPC projects, one renewable energy PPA project and two BESS projects. Of the total projects, 74 were based in Gujarat and 11 in Maharashtra. The remaining projects were spread across Bihar, Andhra Pradesh, Uttar Pradesh, Madhya Pradesh, Rajasthan, Telangana, Tamil Nadu, Uttarakhand and New Delhi. The company's order book stood at Rs 3,287.37 crore as of 30 June 2026, providing revenue visibility in the near to medium term. Armee Infotech also plans to work with Acer to identify and finalise locations for up to 60 single-brand exclusive experience zones, which will be operated and managed by the company. Armee Infotech has executed projects for government and public sector clients across sectors including education, healthcare, public distribution systems, rural and urban development, and science and technology. However, more than 83.84% of revenue was recognised from government and PSU clients as of 31 March 2026. Financially, consolidated sales increased 6.3% to Rs 1,396.63 crore in FY2026 from Rs 1,313.31 crore in FY2025. Operating profit rose 29% to Rs 75.64 crore, while operating profit margin improved to 5.42% from 4.47%. Profit before tax increased 14.7% to Rs 60.99 crore, while profit after tax rose 9.1% to Rs 45.47 crore. First Published: Sep 26 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Grant from BIRAC under the Department of Biotechnology's BioE3 initiative will support a 100 TPA pilot-scale R&D facility at the company's Kumbhi complex in Uttar Pradesh The grant has been awarded under the government's BioE3 (Biotechnology for Economy, Environment & Employment) initiative. According to the company, the facility will support the development of advanced bio-based materials and indigenous biomanufacturing capabilities. The pilot-scale R&D facility will be established at the company's integrated manufacturing complex in Kumbhi, Uttar Pradesh. Balrampur Chini Mills is also setting up an 80,000 TPA integrated commercial PLA manufacturing facility at the site. The company said the R&D facility will focus on developing specialised PLA grades and advanced PLA co-polymers for high-value applications. It will also generate techno-economic data and process know-how for commercial-scale manufacturing, support customer validation and facilitate the scale-up of technologies for commercial production. The facility will cover product development activities ranging from understanding customer requirements and developing PLA formulations to producing pilot samples, validating product performance and preparing technologies for commercial-scale manufacturing. It will also support collaboration with industry, academia and research institutions. Balrampur Chini Mills said the facility is intended to bridge the gap between laboratory research and commercial manufacturing and support the development of skilled talent for India's emerging biomanufacturing sector. Balrampur Chini Mills is an integrated sugar company with 10 sugar factories in Uttar Pradesh and an aggregate sugarcane crushing capacity of 80,000 TCD. Its allied businesses include distillery operations and cogeneration of power, with distillery capacity of 1,050 KLPD and saleable cogeneration capacity of 175.7 MW. The company is also setting up an 80,000 TPA PLA plant. On a consolidated basis, Balrampur Chini Mills' net profit declined 14.39% to Rs 44.15 crore while net sales rose 6.13% to Rs 1636.79 crore in Q1 June 2026 over Q1 June 2025. Shares of Balrampur Chini Mills jumped 4.03% to settle at Rs 686 on Friday, 25 September 2026. First Published: Sep 26 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 44.43% to Rs 165.26 crore First Published: Sep 26 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For long-term investors, maximising returns begins with investing regularly and allowing compounding to work over time. (Illustration: Ajaya Mohanty) First Published: Sep 26 2026 | 9:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian biscuit maker Anmol Industries has filed for an initial public offering worth up to ?1,800 crore ($187.87 million), draft papers showed on Friday. The Baijnath ?Choudhary & Family Trust, Anmol's top investor with a roughly 84 per cent stake, is the sole selling shareholder in the IPO. Anmol is not selling any new shares and will not receive proceeds. Founded in 1994, Kolkata-based Anmol has a portfolio of biscuits, cookies and cakes offered through 70 brands and also exports to ?31 countries. Anmol's net profit jumped five-fold to ?191 crore in the year ended March 31, while revenue rose 28 per cent to about ?2,100 crore. It competes with listed rivals such as Britannia, ITC and Mrs. Bectors Food Specialities in the world's most populous country. The IPO filing comes as ?primary market activity in India picks up pace after a muted first half of ?the year. Anmol had attempted to go public in 2018 ?through a ?750 crore IPO and had received market regulator approval, but did not ?go through with the plan. Intensive Fiscal Services, ICICI Securities and IIFL Capital Services are managing the offering. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian biscuit maker Anmol Industries has filed for an initial public offering worth up to ?1,800 crore ($187.87 million), draft papers showed on Friday. The Baijnath ?Choudhary & Family Trust, Anmol's top investor with a roughly 84 per cent stake, is the sole selling shareholder in the IPO. Anmol is not selling any new shares and will not receive proceeds. Founded in 1994, Kolkata-based Anmol has a portfolio of biscuits, cookies and cakes offered through 70 brands and also exports to ?31 countries. Anmol's net profit jumped five-fold to ?191 crore in the year ended March 31, while revenue rose 28 per cent to about ?2,100 crore. It competes with listed rivals such as Britannia, ITC and Mrs. Bectors Food Specialities in the world's most populous country. The IPO filing comes as ?primary market activity in India picks up pace after a muted first half of ?the year. Anmol had attempted to go public in 2018 ?through a ?750 crore IPO and had received market regulator approval, but did not ?go through with the plan. Intensive Fiscal Services, ICICI Securities and IIFL Capital Services are managing the offering. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian biscuit maker Anmol Industries has filed for an initial public offering worth up to ?1,800 crore ($187.87 million), draft papers showed on Friday. The Baijnath ?Choudhary & Family Trust, Anmol's top investor with a roughly 84 per cent stake, is the sole selling shareholder in the IPO. Anmol is not selling any new shares and will not receive proceeds. Founded in 1994, Kolkata-based Anmol has a portfolio of biscuits, cookies and cakes offered through 70 brands and also exports to ?31 countries. Anmol's net profit jumped five-fold to ?191 crore in the year ended March 31, while revenue rose 28 per cent to about ?2,100 crore. It competes with listed rivals such as Britannia, ITC and Mrs. Bectors Food Specialities in the world's most populous country. The IPO filing comes as ?primary market activity in India picks up pace after a muted first half of ?the year. Anmol had attempted to go public in 2018 ?through a ?750 crore IPO and had received market regulator approval, but did not ?go through with the plan. Intensive Fiscal Services, ICICI Securities and IIFL Capital Services are managing the offering. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 26 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
High-beta stocks often become the stars of bull markets. First Published: Sep 26 2026 | 7:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 11:47 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(We understand how to structure markets, build liquidity, and make them efficient, fair, transparent, and orderly) Ashish kumar Chauhan, MD & CEO, NSE This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 1.72 crore shares as against 7.42 crore shares on offer. The issue opened for bidding on 25 September 2026 and will close on 29 September 2026. The price band of the IPO is fixed between Rs 30 and 32 per share. An investor can bid for a minimum of 468 equity shares and multiples thereof. The IPO comprises a fresh issue of up to Rs 287 crore and an offer for sale of shares worth Rs 133 crore at upper price band of Rs 32 per equity share. Under the OFS, selling shareholders include Starfish and Nexus Venture Partners, FIH Business Global, Kenneth Stuart Glass, Jason Ashok Kothari, Rupen Investment and Industries, Centaurus Trading and Investments, and Laurent Bernard Amouyal. The funds of Rs 132 crore raised will be used for business promotion expense and Rs 50 crore for the technology infrastructure costs of its marketplace business. The balance funds will be utilised for general corporate purposes. Acevector operates an asset-light digital commerce ecosystem through its subsidiaries, spanning e-commerce, SaaS and consumer brands. Its key businesses include Snapdeal, a value-focused lifestyle e-commerce marketplace; Unicommerce eSolutions, which provides e-commerce enablement SaaS platforms through Uniware, Shipway and Convertway; and Stellaro Brands, an omnichannel consumer brands business. In FY2026, Snapdeal contributed 57.5% of revenue, Unicommerce 40% and Stellaro Brands the balance. Snapdeal served customers across 18,972 pin codes in India, primarily targeting value-conscious consumers in Tier 2 and smaller cities, while Unicommerce served 8,261 clients through its three platforms. Stellaro Brands operates the Rangita womens ethnic wear brand through online channels and 19 single-brand retail stores. Ahead of the IPO, AceVector on Thursday, 24 August 2026, raised Rs 189 crore from anchor investors. The board allotted 5.90 crore shares at Rs 32 each to 14 anchor investors. The firm reported a consolidated net loss of Rs 37.56 crore and sales of Rs 510.38 crore for the twelve months ended on 31 March 2026. First Published: Sep 25 2026 | 10:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 50.85 lakh shares as against 1.21 crore shares on offer. The initial public offer of Runwal Enterprises received bids for 50,85,906 shares as against 1,21,11,294 shares on offer, according to stock exchange data at 17:00 IST on 25 September 2026. The issue was subscribed 0.42 times. The issue opened for bidding on 25 September 2026 and will close on 29 September 2026. The price band of the IPO is fixed between Rs 290 and 305 per share. An investor can bid for a minimum of 49 equity shares and multiples thereof. The offer comprises fresh issue of equity shares of Rs 2 each aggregating to Rs 500 crore. Of the net proceeds from fresh issue, the company intends to use Rs 100 crore towards prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the company; Rs 225 crore towards investment in wholly owned material subsidiaries namely Runwal Residency Private Limited and Evie Real Estate Private Limited, for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings and balance towards funding acquisitions of future real estate projects and general corporate purposes. Runwal Enterprises, promoted by Subodh Subhash Runwal, is a Mumbai-based real estate developer engaged across residential, commercial, retail and educational projects, with offerings spanning affordable, mid-income and luxury segments. As of 31 March 2026, the company had completed 19 projects with a developable area of 12.09 million square feet (msft), 28 ongoing projects covering 19.88 msft and 33 upcoming projects spanning 56.41 msft. Its projects are primarily concentrated in Mumbai, with developments also in Alibaug, Maharashtra. The company follows an integrated development model covering land acquisition, design, construction, sales and marketing, and post-sales services, while undertaking projects through greenfield, joint development and asset-light models. It has also developed large integrated townships featuring residential, retail, commercial and educational facilities. As of 31 March 2026, the company had 7,072 unsold units across completed and ongoing projects, representing 7.55 msft of unsold developable area. Ahead of the IPO, Orient Cables (India) on Thursday, 24 August 2026, raised Rs 148.94 crore from anchor investors. The board allotted 48.83 lakh shares at Rs 305 each to 10 anchor investors. The firm reported a consolidated net profit of Rs 185.78 crore and sales of Rs 1,798.95 crore for the twelve months ended on 31 March 2026. First Published: Sep 25 2026 | 10:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 2.78 crore shares as against 1.60 crore shares on offer. The initial public offer of German Green Steel and Power received bids for 2,78,00,633 shares as against 1,60,62,879 shares on offer, according to stock exchange data at 17:00 IST on 25 September 2026. The issue was subscribed 1.73 times. The issue opened for bidding on 25 September 2026 and will close on 29 September 2026. The price band of the IPO is fixed between Rs 132 and 139 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. The IPO comprises a fresh issue of up to Rs 290 crore and an offer for sale (OFS) of shares worth Rs 13.90 crore at the upper price band of Rs 139 per equity share. The company proposes to utilise Rs 226.33 crore from the fresh issue towards funding the capital expenditure requirements for expansion of its manufacturing facility at Samakhiyali and setting up hybrid wind and solar power plants. The company intends to expand its existing installed sponge iron production capacity at the Samakhiyali facility from 66,000 tonnes per annum (tpa) to 1,48,500 tpa, MS billets manufacturing capacity from 2,14,500 tpa to 4,12,500 tpa and TMT bars production capacity from 1,81,500 tpa to 3,46,500 tpa. Capacity utilisation stood at 95.2% for sponge iron, 79.4% for MS billets and 87.8% for TMT bars in FY2026. The company also intends to add a 3.6 MW (DC) solar plant and 5.4 MW wind power project at Bharuch, Gujarat, which are expected to be commissioned by 31 December 2026. GGSPL further intends to set up a 2.5 MW (DC) solar plant and two wind turbine generators (WTGs) of 2.7 MW each in Gujarat to reduce its dependency on the state electricity board. German Green Steel and Power (GGSPL) is an iron and steel manufacturer primarily operating in western India, with a strong presence in Gujarat and a focus on TMT bars. Its product portfolio includes TMT bars, MS billets and sponge iron. The company has two manufacturing facilities in Gujarat, with the Samakhiyali facility being vertically integrated and the Viramgam facility operated through its subsidiary, German TMT Private. Its TMT bars are available in sizes ranging from 8 mm to 40 mm. GGSPL primarily operates on a B2B model, serving distributors, dealers and institutional customers. As of 31 March 2026, it had 12 distributors, 148 dealers and 343 direct institutional customers. The company markets its TMT bars under the German TMT brand, which has established recognition in Gujarat. Ahead of the IPO, Orient Cables (India) on Thursday, 24 August 2026, raised Rs 91.16 crore from anchor investors. The board allotted 65.58 crore shares at Rs 139 each to 6 anchor investors. The firm reported a consolidated net profit of Rs 79.89 crore and sales of Rs 1,678.98 crore for the twelve months ended on 31 March 2026. First Published: Sep 25 2026 | 10:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 2.93 crore shares as against 1.49 crore shares on offer. The initial public offer of Orient Cables (India) received bids for 2,93,33,040 shares as against 1,49,76,743 shares on offer, according to stock exchange data at 17:00 IST on 25 September 2026. The issue was subscribed 1.96 times. The issue opened for bidding on 25 September 2026 and will close on 29 September 2026. The price band of the IPO is fixed between Rs 258 and 272 per share. An investor can bid for a minimum of 55 equity shares and multiples thereof. The offer consists of both a fresh issue and an offer for sale component (OFS). The fresh issue will include 1,17,64,706 shares, aggregating up to Rs 320.0crore at the upper price band of Rs 272. OFS includes 85,29,412 shares of Re 1, aggregating up to Rs 232.0 crore at the upper price band of Rs 272. The funds raised, Rs 91.50 crore, will be used for funding capital expenditures requirements of the company towards purchase of machinery, equipment and civil works at its manufacturing facilities. The company intends to increase the capacity of cables from 8,95,776 km as on June 30,2026 to 12,55,296 km and other allied products capacity from 50,40,000 pieces as on June 30,2026, to 1,72,80,000 pieces. Capacity utilization of cables division stood at 71% in quarter ended June 30,2026 and 69.85% in FY2026. The capacity utilization of other allied products stood at 5.83% in quarter ended June 30,2026 and 6.18% in FY2026. Orient Cables (India) (OCIL) is a manufacturer of networking cables and passive networking equipment, serving telecom, broadband, data centres, renewable energy, e-mobility, FMEG, security and surveillance, railways, defence and aerospace sectors. Its product portfolio includes networking, power and optical fibre cables, along with allied products such as patch cords, CCTV cables, power strips and EV charging cables. The company has three manufacturing facilities in Bhiwadi and Bengaluru, with an installed capacity of 895,776 km of cables and 5.04 million allied products as of 30 June 2026. It also exports products to markets including the UAE, Qatar, USA, Australia, New Zealand, Nepal, Singapore and the Netherlands. Ahead of the IPO, Orient Cables (India) on Thursday, 24 August 2026, raised Rs 165.59 crore from anchor investors. The board allotted 60.88 crore shares at Rs 148 each to 17 anchor investors. The firm reported a consolidated net profit of Rs 11.72 crore and sales of Rs 489.16 crore for the twelve months ended on 31 March 2026. First Published: Sep 25 2026 | 9:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Meesho’s asset-light value-commerce model targets price-conscious consumers, particularly in Tier-II and Tier-III markets. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ravneet Phokela, chief business officer, Ather Energy. First Published: Sep 25 2026 | 8:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ravneet Phokela, chief business officer, Ather Energy. First Published: Sep 25 2026 | 8:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 8:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 8:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 7:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 7:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With estimated gross development value of up to Rs 6,000 cr SignatureGlobal India announced its entry into Gurugram West, i.e. Farrukhnagar, with plans to develop an exclusive 194.22-acre ultra-luxury farmhouse villa destination, conceived as a privileged, low-density enclave for a select few. The Company has acquired 25 acres of land and entered into a Collaboration Agreement for an additional 169.22 acres in the region. The estimated gross development value of the project is Rs 5,500 crore to Rs 6,000 crore. Designed as an uber-premium, invitation-only residential offering, the development will represent a distinctive expression of luxury, space and privacy. Conceived for a discerning clientele seeking a more private and unhurried way of living, the project will comprise exclusively designed luxury farmhouse villas set amidst expansive greens and carefully planned landscapes. In the first quarter of this fiscal, Signature Global reported sales bookings of Rs 1,970 crore. The Company has so far delivered 19.2 million sq. ft. of real estate. In FY2025-26, Signature Global recorded sales bookings of Rs 8,250 crore, making it the fifth-largest listed real estate company in terms of sales bookings. First Published: Sep 25 2026 | 7:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With acquisition of U M cables' business undertaking First Published: Sep 25 2026 | 7:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ravneet S Phokela, chief business officer, Ather Energy First Published: Sep 25 2026 | 7:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kian-M Export Ltd has filed papers with Sebi to mobilise funds through IPO First Published: Sep 25 2026 | 7:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kian-M Export Ltd has filed papers with Sebi to mobilise funds through IPO First Published: Sep 25 2026 | 7:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kian-M Export Ltd has filed papers with Sebi to mobilise funds through IPO First Published: Sep 25 2026 | 7:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 7:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For joint development and operation of coal blocks First Published: Sep 25 2026 | 7:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Also invests Rs 100 cr in its wholly owned subsidiary- Paytm Money Further, the company has also completed today the additional investment of Rs 100 crore in its wholly owned subsidiary, Paytm Money (PML), by way of subscription to the rights issue of equity shares of PML. First Published: Sep 25 2026 | 7:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The model is especially lucrative for RIAs, experts say, given the scope for performance visibility and chances of higher customer stickiness This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PVR Inox announced the opening of new 5-screen multiplex at MyMoon, Kochi. The new five-screen cinema is equipped with advanced projection and sound technologies, including PXL, 4K laser projection, Dolby Atmos immersive sound and RealD 3D, bringing greater clarity, depth and impact to the cinematic experience. The cinema comprises five state-of-the-art screens with a total seating capacity of 814. With this launch PVR INOX now operates the largest multiplex network with 1,797 screens across 358 properties in 114 cities (India and Sri Lanka). First Published: Sep 25 2026 | 6:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JSW Thermal Energy (JSW Thermal), a wholly owned subsidiary of JSW Energy, has entered into a contract with its associate company, Toshiba JSW Power Systems (Toshiba JSW) for the procurement of two steam turbine generators (TG) of 800 MW each for Phase 2 of its Salboni Thermal Project in West Bengal. With this order, the Company has completed the placement of turbine-generator equipment orders for the entire 3,200 MW (4 x 800 MW) Salboni Thermal Power Project (Salboni TPP), following the earlier order for Phase 1 (2 x 800 MW) units. The turbine-generator package will be manufactured and supplied in line with the project's construction schedule, supporting timely completion and commissioning of the plant. By sourcing key equipment through an associate company, the Company aims to enhance supply chain certainty, improve coordination during execution, and reduce risks arising from industry wide equipment shortages. JSW Energy currently has an installed thermal generation capacity of 5,958 MW and 5,000 MW under construction capacity, comprising 3,200 MW at Salboni and 1,800 MW at JSW Mahanadi Power Company (JMPCL). First Published: Sep 25 2026 | 6:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIVL has been incorporated on 05 January 2026, as a wholly owned subsidiary of GIL. GIVL shall continue to remain a wholly owned subsidiary of GIL subsequent to the aforesaid investment. First Published: Sep 25 2026 | 6:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 6:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investors should check whether the rally has pushed their smallcap allocation above its target First Published: Sep 25 2026 | 6:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee appreciated 19 paise to close at 95.80 (provisional) against the US dollar on Friday, holding above the 96-mark, on improved global risk sentiment and possible intervention by the Reserve Bank. Gains in the rupee were capped by US dollar demand from local importers, high crude prices and a stronger greenback driven by hawkish Federal Reserve signals. At the interbank foreign exchange market, the rupee opened at 95.92 against the American currency. During the day, the local unit slipped to an intraday low of 95.94, but recovered lost ground to close at 95.80 (provisional), a 19 paise rise from its previous close. Indian shares fluctuated before finishing modestly higher on Friday, as a sell-off in government debt eased and oil prices retreated from recent highs following reports that Iran has submitted a proposal to the United States to end their war and reopen the Strait of Hormuz within seven days. The BSE Sensex closed at 73,895.74 (up 315.20 points or 0.43%) and the NSE Nifty 50 ended at 23,140.50 (up 77.40 points or 0.34%). First Published: Sep 25 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The key equity benchmarks ended higher on Friday, supported by value buying after the sharp decline in the previous session. Easing crude oil prices and a stronger rupee also supported investor sentiment. Buying interest in select domestic-focused sectors, particularly consumer durables and auto stocks, helped the benchmarks recover, while IT and healthcare stocks declined. The Nifty settled above the 23,100 level. The S&P BSE Sensex advanced 315.20 points or 0.43% to 73,895.74. The Nifty 50 index added 77.40 points or 0.34% to 23,140.50. The 50-unit index fell 1.64% in the previous session. Axis Bank (up 3.03%), Mahindra & Mahindra (up 1.75%) and HDFC Bank (up 0.92%) boosted the Nifty higher today. In the broader market, the BSE 150 MidCap Index declined 0.25% and the BSE 250 SmallCap Index shed 0.01%. The market breadth was positive. On the BSE, 2,257 shares rose and 2,079 shares fell. A total of 254 shares were unchanged. Numbers to Track: In the commodities market, Brent crude for November 2026 settlement tumbled $1.10 or 1.03% to $105.50 a barrel. The United States 10-year bond yield rose 0.23% to 5.175. The yield on India's 10-year benchmark federal paper shed 0.15% to 7.100 compared with the previous session close of 7.111. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.8050 compared with its close of 95.9925 during the previous trading session. MCX Gold futures for 5 October 2026 settlement rose 0.77% to Rs 1,51,878. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.24% to 101.04. Global Markets: US Dow Jones index futures were up 186 points on Friday, pointing to a higher opening for US stocks. European equities snapped back on Friday, recovering from a near one-week low in the prior session, as recent decline in crude oil prices offered relief to energy-intensive sectors and rate-sensitive growth stocks. Meanwhile, Asian stocks ended mixed on Friday, tracking a mixed close on Wall Street as a sharp rise in US Treasury yields kept investors cautious. Markets in China and South Korea were closed for a holiday. US stocks ended mixed on Thursday. The Dow Jones Industrial Average fell for a third straight session as Treasury yields rose. The Dow declined 161.61 points, or 0.31%, to 51,349.98, while the S&P 500 eased 0.02% to 7,704.13. The Nasdaq Composite rose 0.01% to 26,939.37. US Treasury yields climbed to multi-year highs amid concerns that elevated energy prices could keep inflation under pressure. The 30-year Treasury yield touched 5.501%, its highest since June 2004, while the 10-year yield rose to 5.223%, its highest since June 2007. Crude oil prices eased on Friday after rising sharply in the previous session. Brent crude futures fell after gaining about 3% on Thursday. The previous session's rise followed concerns over potential supply disruptions after a Houthi missile attack on Saudi Arabia. Investors also monitored developments from the meeting between US President Donald Trump and Chinese President Xi Jinping in Washington. The leaders discussed trade and artificial intelligence, while the US and China agreed to extend their trade truce by two months. A White House state dinner was also held for Xi on Thursday. Among individual stocks, Meta Platforms gained about 4.5% after unveiling new AI-powered devices and expanding features linked to its Muse AI agent. Oracle fell about 4.5% after reports that it had issued a force majeure notice related to its New Mexico data centre project. Stocks in Spotlight: Pearl Global Industries rose 3.56% after the company outlined its growth plans and FY30 targets at its Investor Day. The company has set a revenue target of Rs 9,000-10,000 crore by FY30, compared with Rs 5,025 crore in FY26. Adjusted EBITDA is targeted at Rs 1,080-1,400 crore, compared with Rs 468 crore in FY26. The adjusted EBITDA margin is expected to improve to 12%-14% from 9.3%. The company plans total capex of Rs 675-725 crore through FY30. PVP Ventures hit the lower circuit of 5% after the company announced the resignation of its executive director and CEO, Dr. Ellen Jane Feehan, and executive director and COO, Dr. Neeraja Nagarajan. ESDS Software Solution hit the lower circuit of 5% after the company reported mixed Q1 FY27 performance, with revenue growth offset by a sequential decline in profitability. On a consolidated basis, adjusted net profit increased 13.97% YoY but declined 56.57% QoQ to Rs 29.28 crore in Q1 FY27. Net sales increased 7.28% YoY but declined 20.20% QoQ to Rs 133.66 crore. Vascon Engineers added 4.48% after the company announced that it has received work order amounting to Rs 660.79 crore from multinational IT company Qualcomm India. Transport Corporation of India zoomed 6.31 % after the company announced that its board will meet on 29 September 2026 to consider a share buyback. As of 30 June 2026, the promoter and promoter group held 68.86% stake in the company. Blue Cloud Softech Solutions surged (11.62% after its US subsidiary, Global Impx (GIX), received a work order from IBM Cloud Inc. for AI infrastructure design, deployment and support services. Welspun Corp rallied 4.91% after the company announced that its wholly owned US subsidiary, Welspun Tubular, secured an order worth approximately Rs 4,000 crore for the supply of High-Frequency Induction Welded (HFIW) pipes. IPO Update: A-One Steels India received bids for 99,94,662 shares as against 73,84,934 shares on offer, according to stock exchange data at 17:00 IST on 25 September 2026. The issue was subscribed 1.35 times. The issue opened for bidding on 24 September 2026 and will close on 28 September 2026. The price band of the IPO is fixed between Rs 385 and 405 per share. An investor can bid for a minimum of 37 equity shares and multiples thereof. Moneyview received bids for 1,39,71,61,206 shares as against 23,25,24,175 shares on offer, according to stock exchange data at 17:00 IST on 25 September 2026. The issue was subscribed 6.01 times. The issue opened for bidding on 24 September 2026 and will close on 28 September 2026. The price band of the IPO is fixed between Rs 32 and 34 per share. An investor can bid for a minimum of 441 equity shares and multiples thereof. Elevate Campuses received bids for 6,02,43,022 shares as against 3,36,73,468 shares on offer, according to stock exchange data at 17:00 IST on 25 September 2026. The issue was subscribed 1.79 times. The issue opened for bidding on 23 September 2026 and will close on 25 September 2026. The price band of the IPO is fixed between Rs 343 and 362 per share. An investor can bid for a minimum of 41 equity shares and multiples thereof. Adroit Industries (India) received bids for 1,39,11,08,943 shares as against 78,72,900 shares on offer, according to stock exchange data at 17:00 IST on 25 September 2026. The issue was subscribed 176.70 times. The issue opened for bidding on 23 September 2026 and will close on 25 September 2026. The price band of the IPO is fixed between Rs 126 and 134 per share. An investor can bid for a minimum of 111 equity shares and multiples thereof. Swastika Infra received bids for 4,81,30,767 shares as against 63,35,001 shares on offer, according to stock exchange data at 17:00 IST on 25 September 2026. The issue was subscribed 7.60 times. The issue opened for bidding on 23 September 2026 and will close on 25 September 2026. The price band of the IPO is fixed between Rs 175 and 185 per share. An investor can bid for a minimum of 81 equity shares and multiples thereof. ArMee Infotech received bids for 1,81,29,880 shares as against 74,30,356 shares on offer, according to stock exchange data at 17:00 IST on 25 September 2026. The issue was subscribed 2.44 times. The issue opened for bidding on 23 September 2026 and will close on 25 September 2026. The price band of the IPO is fixed between Rs 350 and 375 per share. An investor can bid for a minimum of 40 equity shares and multiples thereof. AceVector received bids for 1,72,21,464 shares as against 7,42,29,166 shares on offer, according to stock exchange data at 17:00 IST on 25 September 2026. The issue was subscribed 0.23 times. The issue opened for bidding on 25 September 2026 and will close on 29 September 2026. The price band of the IPO is fixed between Rs 30 and 32 per share. An investor can bid for a minimum of 468 equity shares and multiples thereof. Runwal Enterprises received bids for 50,85,906 shares as against 1,21,11,294 shares on offer, according to stock exchange data at 17:00 IST on 25 September 2026. The issue was subscribed 0.42 times. The issue opened for bidding on 25 September 2026 and will close on 29 September 2026. The price band of the IPO is fixed between Rs 290 and 305 per share. An investor can bid for a minimum of 49 equity shares and multiples thereof. German Green Steel and Power received bids for 2,78,00,633 shares as against 1,60,62,879 shares on offer, according to stock exchange data at 17:00 IST on 25 September 2026. The issue was subscribed 1.73 times. The issue opened for bidding on 25 September 2026 and will close on 29 September 2026. The price band of the IPO is fixed between Rs 132 and 139 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. Orient Cables (India) received bids for 2,93,33,040 shares as against 1,49,76,743 shares on offer, according to stock exchange data at 17:00 IST on 25 September 2026. The issue was subscribed 1.96 times. The issue opened for bidding on 25 September 2026 and will close on 29 September 2026. The price band of the IPO is fixed between Rs 258 and 272 per share. An investor can bid for a minimum of 55 equity shares and multiples thereof. First Published: Sep 25 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 25 2026 | 5:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Persistent inflation has raised expectations of further interest-rate hikes after three increases earlier this year. Investors are also awaiting August inflation data, following a July reading that came in above expectations and remained higher than the RBAs 23% target range. August employment data sent mixed signals. The unemployment rate rose to a near five-year high of 4.6%, although employment increased by more than expected. Most sectors ended lower, led by technology, consumer services and logistics stocks. Mineral Resources fell 4.8%, PLS Group dropped 3.7%, REA Group declined 3.2%, and Xero lost 2.8%. First Published: Sep 25 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices declined after reports that the US and Iran were discussing a phased agreement that could help reopen the Strait of Hormuz and ease a US blockade on Iranian ports. Global bond yields also stabilized after a sharp rise over the previous two sessions. Japans 10-year government bond yield edged down from its highest level since 1996. Investor sentiment also received a boost after US President Donald Trump and Chinese President Xi Jinping concluded their talks in Washington. Trump described the meeting as great. Technology stocks led the market higher. Kioxia Holdings gained 2.2%, Advantest rose 2.8%, and Ibiden climbed 4.2%. Financial stocks also performed strongly, with Mitsubishi UFJ rising 4%, Sumitomo Mitsui gaining 3.6%, and Mizuho Financial advancing 4.2%. First Published: Sep 25 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With estimated GDV of Rs 1,750 cr Prestige Estates Projects announced the launch of Prestige Parklane, a new residential development strategically located along the Satellite Town Ring Road (STRR) in Devanahalli, Bengaluru. Spread across 11.91 acres, Prestige Parklane comprises 1,788 homes across nine towers, oAering a mix of 1, 2 and 3 Bed Homes designed to cater to a wide range of homebuyers. The project has a total saleable area of approximately 1.7 million sq. ft. and carries a gross development value (GDV) of approximately Rs 1,750 crore. Located just 2 minutes from the STRR, the project benefits from its position within one of Bengaluru's rapidly developing growth corridors, with access to the wider northern Bengaluru region and the city's expanding infrastructure network. A key highlight of Prestige Parklane is its emphasis on open and community-oriented spaces, with approximately 4 acres of central landscaped greens integrated into the development. The project will also feature a 30,000 sq. ft. clubhouse with a comprehensive range of amenities, including a business centre, guest rooms, two double-height badminton courts, gym, spa, provisions for a creche, pharmacy, convenience store, salon, party hall and a rooftop viewing deck. First Published: Sep 25 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India VIX dropped 4% to 12.18. In the cash market, the Nifty 50 index advanced 77.40 points or 0.34% to 23,140.50. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 4% to 12.18. HDFC Bank, Axis Bank and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE. The September 2026 F&O contracts will expire on 29 September 2026. First Published: Sep 25 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Consumer durables, realty and auto shares advanced while media, IT and pharma shares declined. As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 315.20 points or 0.43% to 73,895.74. The Nifty 50 index added 77.40 points or 0.34% to 23,140.50. In the broader market, the BSE 150 MidCap Index declined 0.25% and the BSE 250 SmallCap Index shed 0.01%. The market breadth was positive. On the BSE, 2,264 shares rose and 2,068 shares fell. A total of 258 shares were unchanged. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.8050 compared with its close of 95.9925 during the previous trading session. In the commodities market, Brent crude for November 2026 settlement fell $1.22 or 1.14% to $105.38 a barrel. IPO Update: A-One Steels India received bids for 84,14,096 shares as against 73,84,934 shares on offer, according to stock exchange data at 15:30 IST on 25 September 2026. The issue was subscribed 1.14 times. The issue opened for bidding on 24 September 2026 and will close on 28 September 2026. The price band of the IPO is fixed between Rs 385 and 405 per share. An investor can bid for a minimum of 37 equity shares and multiples thereof. Moneyview received bids for 1,20,41,65,053 shares as against 23,25,24,175 shares on offer, according to stock exchange data at 15:30 IST on 25 September 2026. The issue was subscribed 5.18 times. The issue opened for bidding on 24 September 2026 and will close on 28 September 2026. The price band of the IPO is fixed between Rs 32 and 34 per share. An investor can bid for a minimum of 441 equity shares and multiples thereof. Elevate Campuses received bids for 5,57,34,457 shares as against 3,36,73,468 shares on offer, according to stock exchange data at 15:30 IST on 25 September 2026. The issue was subscribed 1.66 times. The issue opened for bidding on 23 September 2026 and will close on 25 September 2026. The price band of the IPO is fixed between Rs 343 and 362 per share. An investor can bid for a minimum of 41 equity shares and multiples thereof. Adroit Industries (India) received bids for 1,29,34,81,002 shares as against 78,72,900 shares on offer, according to stock exchange data at 15:30 IST on 25 September 2026. The issue was subscribed 164.30 times. The issue opened for bidding on 23 September 2026 and will close on 25 September 2026. The price band of the IPO is fixed between Rs 126 and 134 per share. An investor can bid for a minimum of 111 equity shares and multiples thereof. Swastika Infra received bids for 4,36,46,364 shares as against 63,35,001 shares on offer, according to stock exchange data at 15:30 IST on 25 September 2026. The issue was subscribed 6.89 times. The issue opened for bidding on 23 September 2026 and will close on 25 September 2026. The price band of the IPO is fixed between Rs 175 and 185 per share. An investor can bid for a minimum of 81 equity shares and multiples thereof. ArMee Infotech received bids for 1,73,97,360 shares as against 74,30,356 shares on offer, according to stock exchange data at 15:30 IST on 25 September 2026. The issue was subscribed2.34 times. The issue opened for bidding on 23 September 2026 and will close on 25 September 2026. The price band of the IPO is fixed between Rs 350 and 375 per share. An investor can bid for a minimum of 40 equity shares and multiples thereof. AceVector received bids for 93,41,280 shares as against 7,42,29,166 shares on offer, according to stock exchange data at 15:30 IST on 25 September 2026. The issue was subscribed 0.13 times. The issue opened for bidding on 25 September 2026 and will close on 29 September 2026. The price band of the IPO is fixed between Rs 30 and 32 per share. An investor can bid for a minimum of 468 equity shares and multiples thereof. Runwal Enterprises received bids for 30,38,196 shares as against 1,21,11,294 shares on offer, according to stock exchange data at 15:30 IST on 25 September 2026. The issue was subscribed 0.25 times. The issue opened for bidding on 25 September 2026 and will close on 29 September 2026. The price band of the IPO is fixed between Rs 290 and 305 per share. An investor can bid for a minimum of 49 equity shares and multiples thereof. German Green Steel and Power received bids for 1,99,41,376 shares as against 1,60,62,879 shares on offer, according to stock exchange data at 15:30 IST on 25 September 2026. The issue was subscribed 1.24 times. The issue opened for bidding on 25 September 2026 and will close on 29 September 2026. The price band of the IPO is fixed between Rs 132 and 139 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. Orient Cables (India) received bids for 2,24,98,575 shares as against 1,49,76,743 shares on offer, according to stock exchange data at 15:30 IST on 25 September 2026. The issue was subscribed 1.50 times. The issue opened for bidding on 25 September 2026 and will close on 29 September 2026. The price band of the IPO is fixed between Rs 258 and 272 per share. An investor can bid for a minimum of 55 equity shares and multiples thereof. Buzzing Index: The Nifty Consumer Durables jumped 0.95% to 38,278.60. The index declined 0.74% in the past trading session. Whirlpool of India (up 7.69%), Blue Star (up 2.75%), LG Electronics India (up 1.64%), Dixon Technologies (India) (up 0.87%) and Titan Company (up 0.81%) were the top gainers. Among the other gainers were Amber Enterprises India (up 0.77%), PG Electroplast (up 0.5%), Havells India (up 0.43%), Voltas (up 0.41%) and Bata India (up 0.37%) surged. Stocks in Spotlight: Vascon Engineers added 3.84% after the company announced that it has received work order amounting to Rs 660.79 crore from multinational IT company Qualcomm India. Transport Corporation of India zoomed 5.76% after the company announced that its board will meet on 29 September 2026 to consider a proposal for buyback of fully paid-up equity shares. Blue Cloud Softech Solutions surged 11.72% after its US subsidiary, Global Impx (GIX), received a work order from IBM Cloud Inc. for AI infrastructure design, deployment and support services. Welspun Crorp rallied 5.02% after the company announced that its wholly owned US subsidiary, Welspun Tubular, secured an order worth approximately Rs 4,000 crore for the supply of High-Frequency Induction Welded (HFIW) pipes. Global Markets: European equities snapped back on Friday, recovering from a near one-week low in the prior session, as recent decline in crude oil prices offered relief to energy-intensive sectors and rate-sensitive growth stocks. Meanwhile, Asian stocks ended mixed on Friday, tracking a mixed close on Wall Street as a sharp rise in US Treasury yields kept investors cautious. Markets in China and South Korea were closed for a holiday. US stocks ended mixed on Thursday. The Dow Jones Industrial Average fell for a third straight session as Treasury yields rose. The Dow declined 161.61 points, or 0.31%, to 51,349.98, while the S&P 500 eased 0.02% to 7,704.13. The Nasdaq Composite rose 0.01% to 26,939.37. US Treasury yields climbed to multi-year highs amid concerns that elevated energy prices could keep inflation under pressure. The 30-year Treasury yield touched 5.501%, its highest since June 2004, while the 10-year yield rose to 5.223%, its highest since June 2007. Crude oil prices eased on Friday after rising sharply in the previous session. Brent crude futures fell after gaining about 3% on Thursday. The previous session's rise followed concerns over potential supply disruptions after a Houthi missile attack on Saudi Arabia. Investors also monitored developments from the meeting between US President Donald Trump and Chinese President Xi Jinping in Washington. The leaders discussed trade and artificial intelligence, while the US and China agreed to extend their trade truce by two months. A White House state dinner was also held for Xi on Thursday. Among individual stocks, Meta Platforms gained about 4.5% after unveiling new AI-powered devices and expanding features linked to its Muse AI agent. Oracle fell about 4.5% after reports that it had issued a force majeure notice related to its New Mexico data centre project. First Published: Sep 25 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Starts commercial operations at RMC plant located at Pune Refex Industries has commenced its Ready-Mix Concrete (RMC) business, leveraging its existing capabilities and expertise in the Coal and Ash Handling business to expand into downstream construction materials and further strengthen its presence in the infrastructure and construction ecosystem. The RMC business is headed by Anil Kulkarni, Chief Business Officer. The RMC business involves the production and supply of ready-mix concrete for residential, commercial, industrial and infrastructure projects. The Company proposes to undertake the RMC business through a lease-based, asset-light model, facilitating faster market entry and scalable expansion while enabling optimised capital deployment. In this regard, the Company has commenced commercial operations at its first RMC plant located at Wadmukhwadi, Pune, Maharashtra, with effect from 25 September 2026. First Published: Sep 25 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Audi Q3 India launch is scheduled for October 16, ahead of next month German luxury car manufacturer Audi on Friday started local assembly of its Q3 model at the Skoda Auto Volkswagen plant in Shendra here. The Audi Q3 India launch is scheduled for October 16, ahead of next month, the company said in a release. Powered by a 2.0-litre petrol engine and equipped with Audi's quattro all-wheel drive, the all-new Audi Q3 combines dynamic capabilities. The model also features a range of segment-first features and technologies, further enhancing its appeal to modern luxury car buyers, it added. Piyush Arora, Managing Director and CEO of Skoda Auto Volkswagen India, said that it is an important milestone for the company in India. The production of the All-New Audi Q3 reflects the strong capabilities of the Chhatrapati Sambhajinagar facility, he added. Balbir Singh Dhillon, Brand Director, Audi India, said, "Today marks a significant day for us as we begin production and take another important step towards the launch of the All-New Audi Q3. The Audi Q3 has been an important gateway to the Audi brand, and this new generation is set to build on that success with its distinctive design, progressive technology and dynamic character". (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 25 2026 | 3:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kalpataru Power Transmission Sweden holds 65.9% stake in LMG post-listing Kalpataru Projects International (KPIL) announced that its step-down subsidiary Linjemontage i Grtorp AB (LMG), Sweden has successfully been listed on Nasdaq Stockholm (Sweden) under the ticker LMGAB. The IPO was priced at SEK 46 per equity share, equivalent to a valuation of SEK 2,357 million (representing the total market value of all shares of LMG). KPIL through Kalpataru Power Transmission Sweden AB (KPTS), a wholly owned subsidiary of KPIL, retains an approximately 65.9 percent stake in LMG post-listing. KPTS shall receive a gross consideration of SEK ~711.5 Million (including the Over-allotment Option / Green shoe Option), subject to issue expenses, customary adjustments and set-offs. First Published: Sep 25 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 3:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Runwal Enterprises IPO review: Concentration risk, poor cash flows keep experts 'neutral' First Published: Sep 25 2026 | 3:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aether Industries surged 9% in Friday's intra-day deals. First Published: Sep 25 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Sep 25 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's Tata Sons, the owner of marquee brands like Jaguar Land Rover and Tetley tea, is facing one of its worst boardroom disputes, with its leadership now openly split with its biggest shareholder over key decisions. Tata Trusts, the charity arm of the group, owns a 66% stake in Tata Sons, but the company's board has re-appointed its chairman N. Chandrasekaran and has decided to move ahead with a possible stock market listing against the ?wishes of its owner, putting the power struggle at the centre of the standoff. Here's an explainer on views of both sides, the complex structures and legal options being considered, according to people familiar with the matter: WHAT'S THE LEGAL VIEW OF TATA TRUSTS AND TATA SONS? Both sides have appointed some of the nation's top lawyers to defend them and explain who can call the shots. Noel Tata-led Tata Trusts is being represented by lawyer Abhishek Manu Singhvi, a lawmaker and Congress party leader. He has said the dispute is about shareholder supremacy and the conglomerate cannot act like a "runaway board" operating independently of the controlling shareholder. That position is disputed by Tata Group's Chandrasekaran, who has roped in Harish Salve, a former solicitor general of India who often represented the government at international forums, disputes that position. Salve says the board's decision was in line with internal governing rules, and the charity arm needs to get past "I control the trusts, I control this group mindset." WHY CAN'T THE TATA TRUSTS CALL ?A SHAREHOLDER MEETING AND OUST THE CHAIRMAN? The Tata Trusts have problems of their own that are currently sapping their influence. The Tata Trusts are made up of several affiliated charities and they could have used their voting power to call for a shareholders meeting to effectively oust Chandrasekaran. But that is not possible because one of the main charities - Sir Ratan Tata Trust - has been barred by a regulator from convening its own meetings in a dispute over internal appointments. So, as per internal rules, the charities currently lack the power to call for a Tata Sons shareholder meet. The trusts can either wait for the deadlock to lift once the regulatory inquiry ends, or are considering approaching a court to lift the restrictions, two people familiar with the matter said. WHAT'S THE CONTROVERSY ABOUT "ARTICLES OF ASSOCIATION"? At the heart of the dispute is the governance framework called the "Articles of Association" of Tata Sons. Both ?sides - Tata Trusts and Tata Sons - disagree on the reading of those rules, which are not public. The charity arm says if Noel Tata opposed the appointment of the chairman, it was enough to not move forward on him. It believes such decisions cannot be taken unless it has the support of ?a majority of the trusts' two nominees on the board. In this case, "majority amongst two is two and not one," the charity arm has publicly argued. Tata Sons' lawyer ?Salve disagrees. He says both of the trusts' nominees voted differently, which prompted a casting vote that helped reappoint the chairman as per governance rules. IS TATA TRUSTS CONSIDERING GOING TO COURT? The charity arm is working on many options to oust Chandrasekaran and reverse the board's decision, sources ?say. One option being considered is a challenge in Mumbai's company tribunal arguing that the board should not have proceeded as the majority - that is both of the trusts' nominees - did not vote in favour of the chairman's reappointment. The divide also extends to the issue of stock market listing of ?Tata Sons - which the board agrees to, but the charity arm does not. Tata Trusts could approach the High Court in Mumbai to challenge the Indian regulatory requirement to list the company. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 25 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TCI shares jump nearly 15% as board to consider share buyback proposal Transport Corporation of India’s share price gained nearly 15 per cent on Friday after the company announced a proposal for buyback of fully paid-up equity shares. As of 02:28 PM, the company’s share price was trading 9.30 per cent higher at ?911 apiece; meanwhile, Nifty 50 was trading 0.24 per cent higher at 23,117.45. The company’s stock hit an intraday high of 14.6 per cent at ?955. The company’s board will meet on Tuesday, September 29, to consider a proposal for buyback of fully paid-up equity shares. As of 30 June 2026, the promoter and promoter group held a 68.86 per cent stake in the company. The company in an exchnage filing said, “a meeting of the Board of the Company will be held on Tuesday, September 29, 2026, inter alia, to consider and approve the proposal for buyback of the fully paid-up equity shares of the Company and matters necessary and incidental thereto.” Transport Corporation share price TCI’s share price has delivered a 9.76 per cent return over one week and 1.91 per cent over one month. On a year-to-date basis, the stock has declined 16 per cent, while its one-year return stands at negative 24.13 per cent. Over the longer term, TCI’s stock has gained 15.32 per cent over three years and 118.63 per cent over five years. Vipin Kumar, AVP research at Globe Capital Market said, TCI has been undergoing a corrective move since July 2025, which halted near the upper band price support of its previous congestion zone. "Moving forward, we expect this rally to face resistance around the ?970–980 levels. A decisive close above ?980 could push the stock toward ?1,050 and higher in the near term," he added. Transport Corporation results Q1FY27 The company’s net profit declined 0.75 per cent to ?105.70 crore in the quarter ended June 2026 as against ?106.50 crore during the previous quarter ended June 2025. Revenue rose 9.58 per cent to ?1,248.50 crore in the quarter ended June 2026 as against ?1,139.30 crore during the previous quarter ended June 2025. Transport Corporation of India (TCI) is engaged in integrated multimodal logistics and supply chain solutions, including road, rail and coastal transportation; warehousing; cold chain logistics and freight management services. First Published: Sep 25 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The new range expands the Company's presence in the value-added, ready-to-eat snacking segment. The products are processed and packed at FSSAI-licensed facilities in Navi Mumbai and are offered in resealable stand-up pouches of 100 g (5 servings of 20 g each). Key product highlights: Seven SKUs across two categories - four flavored almond variants and three flavored cashew variants. Contemporary flavour profiles - Roasted & Salted, Peri Peri, Thai Chilli and Black Pepper. 100% vegetarian, with complete FSSAI-compliant nutritional, ingredient and allergen declarations on pack. First Published: Sep 25 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kinetic Engineering (KEL) is further strengthening its growth momentum with an additional investment of approximately Rs 57 crore towards expansion and growth. Of this, around Rs 17 crore will be directed towards Capex, while Rs 40 crore will be invested in expansion of its electric two wheeler segment, underscoring KEL's continued commitment to its electric mobility ambitions. The investment is by way of last tranche of conversion of 44,51,000 warrants issued to promoters in March 2025. The renewed investment comes at a time of growing traction for the brand on the ground. Kinetic has signed LOIs with 150+ dealers across the country, of which 60+ are already operational, backed by 3S (Sales, Service and Spares) facilities. This growing network is building a robust distribution ecosystem to support the companys expansion plans. The company has also received an encouraging market response, reflecting growing consumer confidence in the Kinetic EV proposition Commenting on the development, Ajinkya Firodia, Vice Chairman & Managing Director, Kinetic Engineering, said, Kinetic Engineering is entering an exciting phase of growth, with strong momentum across both our automotive components and electric mobility businesses. Our auto-components business is seeing a healthy pipeline of new orders, which will support growth and help us work towards our target of improving EBITDA margins to around 12%. At the same time, the response to our Kinetic DX electric scooter has been encouraging, giving us confidence to expand our presence across markets. With continued investments in capacity, technology and our retail network, we are focused on scaling both businesses and building Kinetic into a leading and enduring player in Indias electric mobility segment. First Published: Sep 25 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Auto shares advanced after declining in the past trading session. At 14:25 IST, the barometer index, the S&P BSE Sensex advanced 264.60 points or 0.36% to 73,845.14. The Nifty 50 index added 50.50 points or 0.27% to 23,124.35. In the broader market, the BSE 150 MidCap Index declined 0.27% and the BSE 250 SmallCap Index rose 0.01%. The market breadth was negative. On the BSE, 2,059 shares rose and 2,209 shares fell. A total of 241 shares were unchanged. Buzzing Index: The Nifty Auto index jumped 0.98% to 26,992.40. The index declined 1.57% in the past trading session. Mahindra & Mahindra (up 1.14%), TVS Motor Company (up 0.79%), Bosch (up 0.69%), Hero MotoCorp (up 0.64%), Samvardhana Motherson International (up 0.62%), Ashok Leyland (up 0.46%), Sona BLW Precision Forgings (up 0.43%), Bajaj Auto (up 0.42%) and Maruti Suzuki India (up 0.04%) surged. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.38% to 7.138 compared with the previous session close of 7.111. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.8400 compared with its close of 95.9925 during the previous trading session. MCX Gold futures for 5 October 2026 settlement rose 0.28% to Rs 1,51,139. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.16% to 101.12. The United States 10-year bond yield fell 0.08% to 5.159. In the commodities market, Brent crude for November 2026 settlement fell $1.13 or 1.06% to $ 105.47 a barrel. Stocks in Spotlight: Vascon Engineers added 3.18% after the company announced that it has received work order amounting to Rs 660.79 crore from multinational IT company Qualcomm India. The work order is for the development of an office facility (Block K) comprising of three basements, Ground +12 floors, and related infrastructure at Bengaluru. Steamhouse India declined 3.44%. The company has been awarded an EPC contract for common steam plant and co-generation power plant at Bulk Drug Park, Una, Himachal Pradesh. The proposed steam plant would have a capacity of 300 TPH with indicative co-generation power capacity of 30 IMW, along with associated steam distribution network. The total value of this contract is Rs 311 crore. First Published: Sep 25 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Turtlemint Fintech Solutions Ltd, TECIL Chemical & Hydro Power Ltd, Aastha Spintex Ltd and Manugraph India Ltd are among the other losers in the BSE's 'B' group today, 25 September 2026. Turtlemint Fintech Solutions Ltd, TECIL Chemical & Hydro Power Ltd, Aastha Spintex Ltd and Manugraph India Ltd are among the other losers in the BSE's 'B' group today, 25 September 2026. Medico Remedies Ltd tumbled 19.99% to Rs 26.14 at 14:28 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 2.85 lakh shares were traded on the counter so far as against the average daily volumes of 21879 shares in the past one month. Turtlemint Fintech Solutions Ltd lost 19.98% to Rs 87.3. The stock was the second biggest loser in 'B' group.On the BSE, 14.94 lakh shares were traded on the counter so far as against the average daily volumes of 1.08 lakh shares in the past one month. TECIL Chemical & Hydro Power Ltd crashed 11.12% to Rs 8.71. The stock was the third biggest loser in 'B' group.On the BSE, 1726 shares were traded on the counter so far as against the average daily volumes of 3791 shares in the past one month. Aastha Spintex Ltd fell 10.00% to Rs 72.74. The stock was the fourth biggest loser in 'B' group.On the BSE, 2.51 lakh shares were traded on the counter so far as against the average daily volumes of 1.44 lakh shares in the past one month. Manugraph India Ltd shed 9.98% to Rs 19.93. The stock was the fifth biggest loser in 'B' group.On the BSE, 28908 shares were traded on the counter so far as against the average daily volumes of 20345 shares in the past one month. First Published: Sep 25 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold outlook: Analyst sees upside capped at $4,330 amid US-Iran uncertainty First Published: Sep 25 2026 | 2:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A boardroom rupture at India's Tata Sons, where the controlling charity arm says it is unable to assert its rights, is rippling across India Inc, with founders and investors studying the fine print of their shareholder pacts to avoid the same fate. The 158-year-old electronics-to-retail Tata empire operates in over 100 countries. It owns brands like Air India, Tetley tea and Jaguar Land Rover, runs Indian joint ventures with Starbucks and Inditex's Zara, and makes parts for Tesla and Apple, so the fight for ?control has ramifications well beyond India. This month, the six-member board of Tata Sons, the group's holding company, reappointed chairman N. Chandrasekaran despite objections from the Noel Tata-led Tata Trusts, the charity arm that owns 66% of the conglomerate. During the September 17 meeting, the charity's boss Noel Tata also argued against Tata Sons' potential stock market listing, but the board overruled him. The charity has publicly lashed out, saying the internal governance rules explicitly state that Noel Tata's lone vote against any key decision is enough to sink it. Tata Sons disagrees, saying Noel lacked the support of the other trust nominee, and so the decision was taken on the basis of a simple majority. The governance clash is raising the alarm among Indian companies about how far a board can go to overrule a majority shareholder. Strategic investors, company owners and directors in sectors such as manufacturing, steel and textiles are reviewing their shareholder agreements to check they have enough protection to prevail if a boardroom battle erupts, according to nine lawyers and board directors. "We have received multiple queries from business families and founders on the ?issue related to the management versus owners debate," said Rajesh Narain Gupta, chairman of law firm SNG & Partners. "It has raised a sense of insecurity and fear among owners." In one case, a Delhi-based lawyer who specialises in mergers and acquisitions, who spoke on condition of anonymity, said an Indian manufacturer and its European joint-venture partner were close to signing off on a shareholder agreement when the investor called a halt citing the Tata dispute, asking for extra safeguards. The lawyer declined to name the companies due to confidentiality concerns. The current dispute has prompted strategic investors and private equity funds who have veto rights in a company to check if they can be diluted if the boards read governance frameworks differently, said Parag Bhide, partner at Indian law firm Aquilaw. "The question clients are asking is whether a board can proceed with a decision first and leave the shareholder to seek remedies later," said Indian M&A lawyer Nitin Potdar, who has previously advised the Tata Group. "Will the owner be ?the one who then has to run around for remedies?" Founded by Jamsetji Tata in 1868, the Tata Group is made up of 31 companies which had revenues of over $180 billion last year. The group's principal holding company is called Tata Sons, and 66% of its equity share capital is held by the philanthropic arm, Tata ?Trusts. Before becoming head of Tata Trusts, Noel Tata, who is the half-brother of family patriarch Ratan Tata who died in 2024, built Tata's retail and trading businesses. Tata Sons' stated ?governance philosophy, published on its website, holds that companies must be run "not merely in the interests of their owners" but also for employees, customers, the local community and the country. To be sure, Tata's unique governance structure and the principles behind it are the exception to most Indian companies. And this is ?not the first time it has led to high-profile conflicts - in 2016, the then chairman was sacked after he fell out with Ratan Tata over corporate governance issues, triggering years of legal disputes. "The stand-off at Tata Sons is a result of the Tata Trusts' limited board representation (of two members)," said Umakanth Varottil, a ?professor at the National University of Singapore who specialises in corporate law and governance. "That combination of majority ownership, limited board representation and divided nominee directors is unlikely to be replicated in many companies," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 25 2026 | 2:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Insurance, irdai First Published: Sep 25 2026 | 2:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian firms have historically utilised only 20-30 per cent of available FTA tariff preferences First Published: Sep 25 2026 | 2:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The domestic equity barometers slipped below the flat line and traded in the red zone in afternoon trade, supported by value buying after the sharp decline in the previous session. Easing crude oil prices and a decline in market volatility also supported sentiment. The Nifty traded below the 23,050 mark. At 13:15 IST, the barometer index, the S&P BSE Sensex was down 10.01 points or 0.01% to 73,570.53. The Nifty 50 index fell 30.20 points or 0.13% to 23,032.90. In the broader market, the BSE 150 MidCap Index declined 0.70% and the BSE 250 SmallCap Index dropped 0.52%. The market breadth was negative. On the BSE, 1,755 shares rose and 2,436 shares fell. A total of 236 shares were unchanged. Gainers & Losers: Axis Bank (up 2.11%), Asian Paints (up 1.42%), HCL Tech (up 1.25%), Mahindra & Mahindra (up 1.08%) and HDFC Life (up 0.71%) were the top gainers. Max Health (down 2.75%), Tata Motors Passenger Vehicle (down 1.98%), Infosys (down 1.68%), ONGC (down 1.51%) and Trent (down 1.45%) were the top losers. Stocks in Spotlight: Vascon Engineers added 3.18%. The company announced that it has received work order amounting to Rs 660.79 crore from multinational IT company Qualcomm India. Steamhouse India fell 3.34%. The company said that it has been awarded an EPC contract for common steam plant and co-generation power plant at Bulk Drug Park, Una, Himachal Pradesh. The total value of this contract is Rs 311 crore. Usha Martin (UML) slipped 2.20%. The company said that its board has approved a proposal for the slump sale of the business undertaking of U M Cables, wholly owned subsidiary, to R R Kabel for a total consideration of Rs 77 crore. Global Markets: European equities snapped back on Friday, recovering from a near one-week low in the prior session, as recent decline in crude oil prices offered relief to energy-intensive sectors and rate-sensitive growth stocks. Meanwhile, most Asian stocks traded lower on Friday, tracking a mixed close on Wall Street as a sharp rise in US Treasury yields kept investors cautious. Markets in China and South Korea were closed for a holiday. US stocks ended mixed on Thursday. The Dow Jones Industrial Average fell for a third straight session as Treasury yields rose. The Dow declined 161.61 points, or 0.31%, to 51,349.98, while the S&P 500 eased 0.02% to 7,704.13. The Nasdaq Composite rose 0.01% to 26,939.37. US Treasury yields climbed to multi-year highs amid concerns that elevated energy prices could keep inflation under pressure. The 30-year Treasury yield touched 5.501%, its highest since June 2004, while the 10-year yield rose to 5.223%, its highest since June 2007. Crude oil prices eased on Friday after rising sharply in the previous session. Brent crude futures fell 0.54% to $106.02 a barrel after gaining about 3% on Thursday. The previous session's rise followed concerns over potential supply disruptions after a Houthi missile attack on Saudi Arabia. Investors also monitored developments from the meeting between US President Donald Trump and Chinese President Xi Jinping in Washington. The leaders discussed trade and artificial intelligence, while the US and China agreed to extend their trade truce by two months. A White House state dinner was also held for Xi on Thursday. Among individual stocks, Meta Platforms gained about 4.5% after unveiling new AI-powered devices and expanding features linked to its Muse AI agent. Oracle fell about 4.5% after reports that it had issued a force majeure notice related to its New Mexico data centre project. First Published: Sep 25 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
24 BSE 500 stocksk including the likes of Reliance and HUL hit 52-week lows on Friday. First Published: Sep 25 2026 | 2:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BioBTX and Rain Carbon, a wholly owned subsidiary of Rail Industries, announced a strategic collaboration to bring renewable aromatic products to the chemical industry, supporting the transition toward more circular and sustainable value chains. In July 2026, BioBTX announced a positive Final Investment Decision (FID) for the construction of its first commercial-scale plant in Delfzijl, the Netherlands. Based on its proprietary Integrated Catalytic Cracking Process (ICCP) technology, the facility will be the world's first dedicated greenfield plant to convert plastic waste into approximately 10,000 tonnes per year of renewable aromatic oil containing benzene, toluene, xylenes and other aromatic products. The plant is expected to become operational in early 2028, marking a significant milestone in the commercial production of circular aromatics. For more than 150 years, Rain Carbon has transformed industrial by-products into essential carbon products and advanced materials, used in a wide range of chemical applications. Through this collaboration, Rain Carbon will convert BioBTX's circular aromatic oil into benzene, phthalic anhydride, and other aromatic derivatives that meet the same rigorous quality and performance standards as conventional fossil-based products. This will enable customers across industries to reduce the carbon footprint of their supply chains without compromising product performance. BioBTX is a leading circular chemistry technology developer based in Groningen, the Netherlands. Founded in 2012, BioBTX develops technologies that replace fossil resources with plastic waste and biomass for the production of drop-in chemicals and renewable aromatics (BTX), enabling sustainable and future-proof materials. First Published: Sep 25 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The grey market premium for Acevector IPO is ?3 or 9.83 per cent, with the stock trading at ?35 in the unofficial market. First Published: Sep 25 2026 | 1:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 1:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's markets regulator should reconsider allowing exchanges to list on ?their own platforms as the country's capital markets have matured, NSE Chairman Srinivas Injeti said on Friday, a day after ?the bourse debuted at a valuation of about $47 billion. Self-listing is permitted in most major jurisdictions, although in India it is viewed as a ?conflict of interest, Injeti added. NSE ?dominates India's equity markets, accounting ?for about 93% of cash-market ?trading and nearly 75% of options trading. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 25 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's markets regulator should reconsider allowing exchanges to list on their own, NSE Chairman Srinivas Injeti said on Friday, a day ?after the bourse debuted on rival BSE at a valuation of about $47 billion. India does not allow exchanges to list on their own platforms, citing concerns over potential conflicts of interest. However, self-listing is permitted in several major global markets. In the United States for example, the New York Stock ?Exchange's parent Intercontinental Exchange is listed and traded on the NYSE, which it operates. NSE accounts for about 93% of India's cash-market trading and nearly 75% of options. Separately, allowing foreign portfolio investors to trade bullion contracts would help NSE expand its commodities business, Chief Business Officer Sriram Krishnan ?said. India on Thursday permitted FPIs to participate in physically settled non-agricultural commodity derivatives, ?a move expected to boost trading volumes in bullion ?contracts by broadening the investor base and bringing the market more in line with ?global peers. FPIs will be able to use capital already allocated for equity investments to trade in commodity derivatives, ?Krishnan said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 25 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vascon Engineers added 3.18% to Rs 34.38 after the company announced that it has received work order amounting to Rs 660.79 crore from multinational IT company Qualcomm India. The work order is for the development of an office facility (Block K) comprising of three basements, Ground +12 floors, and related infrastructure at Bengaluru. The work has to be completed within 30 months from the date of site handover. Vascon Engineers is a Pune-based player engaged in engineering, procurement, and construction (EPC), real estate construction, and development. The company had reported 91.05% drop in consolidated net profit to Rs 2.01 crore on a 31.30% fall in revenue to Rs 151.94 crore in Q1 FY27 as compared with Q1 FY26. First Published: Sep 25 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hormuz reopening hope to support silver, resistance at $65: Mirae Asset First Published: Sep 25 2026 | 1:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Exhicon Events Media Solutions (Exhicon) has executed a Joint Venture Agreement (JVA) with India Exposition Mart (IEML) for its subsidiary, Exhicon Mohali Convention Centre (EMCCPL), which is developing the Mohali Convention & Exhibition Centre on a PPP model with Government of Punjab. Under the terms of the agreement, Exhicon will transfer 35% of Exhicon Mohali Convention Centre's paid-up equity share capital to IEML for a cash consideration. Exhicon will retain a 65% stake, with Exhicon Mohali Convention Centre, continuing as its subsidiary. The Mohali Convention & Exhibition Centre is being developed at IT City, Sector 83, Mohali, Punjab, under a Public-Private Partnership (PPP) model with the Government of Punjab. The phase 1 of the project carries a projected cost of Rs 75 crore and will create a modern, large-scale venue to North India's exhibition and convention infrastructure a region currently underserved by world-class MICE facilities. First Published: Sep 25 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Steamhouse India said that the company has been awarded an EPC contract for common steam plant and co-generation power plant at Bulk Drug Park, Una, Himachal Pradesh. In a regulatory filing made post market hours yesterday, the company informed that it has been awarded the mandate for engineering, procurement and construction (EPC), commissioning and comprehensive operation & maintenance (O&M) of the common steam plant and co-generation power plant at the Bulk Drug Park, Una, Himachal Pradesh. The proposed steam plant would have a capacity of 300 TPH with indicative co-generation power capacity of 30 IMW, along with associated steam distribution network. The period for completion of EPC work is 24 months from commencement of the project, subject to applicable contractual conditions. The O&M period is 25 years following commissioning of the project, subject to the terms of the definitive agreement. The project cost is to be funded by Himachal Pradesh Bulk Drug Park Infrastructure, as per the applicable project arrangement. The total value of this contract is Rs 311 crore. Steamhouse India (SIL) specializes in the generation and centralized pipeline distribution of industrial gases, primarily steam and nitrogen, to industrial customers and is a pioneer of the community boiler system in India. The firm reported a consolidated net profit of Rs 38.64 crore and sales of Rs 491.51 crore for the twelve months ended on 31 March 2026. The scrip fell 2.08% to currently trade at Rs 111.55 on the BSE. First Published: Sep 25 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shri Krishna Devcon Ltd, Xelpmoc Design and Tech Ltd, Hero Motors Ltd and RTS Power Corporation Ltd are among the other gainers in the BSE's 'B' group today, 25 September 2026. Shri Krishna Devcon Ltd, Xelpmoc Design and Tech Ltd, Hero Motors Ltd and RTS Power Corporation Ltd are among the other gainers in the BSE's 'B' group today, 25 September 2026. Allied Digital Services Ltd spiked 20.00% to Rs 115.5 at 11:59 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 1.37 lakh shares were traded on the counter so far as against the average daily volumes of 9584 shares in the past one month. Shri Krishna Devcon Ltd soared 20.00% to Rs 32.4. The stock was the second biggest gainer in 'B' group. On the BSE, 150 shares were traded on the counter so far as against the average daily volumes of 240 shares in the past one month. Xelpmoc Design and Tech Ltd surged 20.00% to Rs 89.58. The stock was the third biggest gainer in 'B' group. On the BSE, 27398 shares were traded on the counter so far as against the average daily volumes of 1002 shares in the past one month. Hero Motors Ltd advanced 20.00% to Rs 141.85. The stock was the fourth biggest gainer in 'B' group. On the BSE, 157.39 lakh shares were traded on the counter so far as against the average daily volumes of 191.8 lakh shares in the past one month. RTS Power Corporation Ltd added 19.99% to Rs 104.62. The stock was the fifth biggest gainer in 'B' group. On the BSE, 48644 shares were traded on the counter so far as against the average daily volumes of 1815 shares in the past one month. First Published: Sep 25 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 25 2026 | 1:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In particular, India requires that disputes involving foreign companies first be heard in local ?courts for five years before international arbitration is allowed India is not planning to make major changes to how disputes with foreign businesses are resolved, according to a source ?with direct knowledge of the government's review of bilateral investment treaties. Foreign companies operating in India have long complained that dispute resolution in Asia's third-largest economy is time-consuming, difficult and a huge impediment to investing further. In particular, India requires that disputes involving foreign companies first be heard in local ?courts for five years before international arbitration is allowed. The requirement that local remedies must first be pursued will be kept, said the source. A second source said, however, that the five-year time period will be shortened, possibly to two years. The government will also keep taxation disputes outside ?the scope of investment treaties and will not compromise on its sovereign right to ?tax, the first source said, calling the issue ?a "red line" for India. Both sources, who work for the government, declined to be identified ?as the details were confidential. A spokesperson for the federal finance ministry did not respond to a request for ?comment. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 25 2026 | 12:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 12:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 25 September 2026 KUS is a Special Purpose Vehicle incorporated by Purvah Green Power (PGPPL), which is a subsidiary of Calcutta Electric Supply Corporation (CESC). KUS will set up a 49.5 MW captive wind power project to supply dedicated renewable power to the cement plant of the Company located at Satna, Madhya Pradesh on the terms and conditions of the power purchase agreement proposed to be entered into between the company and KUS. This will further integrate sustainability initiatives of the company with operational excellence by increasing renewable energy utilisation, improving energy efficiency, and enhancing resource optimisation, thereby meeting its environmental, social, and governance (ESG) targets. First Published: Sep 25 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pearl Global Industries rose 3.50% to Rs 1,317.50 after the company outlined its growth plans and FY30 targets at its Investor Day. Pearl Global expects average Free on Board (FOB) realisation to increase to Rs 660-670 by FY30 from Rs 640 in FY26. Management said revenue growth is expected to be supported by stronger relationships with existing customers, higher customer wallet share, addition of new customers, product portfolio expansion, improved plant efficiency and better delivery and design capabilities. The company plans total capex of Rs 675-725 crore through FY30. Of this, Rs 325-350 crore will be invested in capacity expansion across geographies. Another Rs 350-375 crore is earmarked for backward integration, including knitting and dyeing processing facilities. Annual manufacturing capacity is expected to increase to 170-175 million pieces by FY30 from 100.8 million pieces in FY26. Capacity utilisation is targeted at 80%. In-house capacity is expected to rise to 128-131 million pieces, while partnership capacity is projected to increase to 42-44 million pieces by FY30. Pearl Global said it is ahead of some of its earlier targets. FY26 revenue stood at Rs 5,025 crore, while Q1 FY27 revenue was Rs 1,528 crore. The company expects its Rs 6,000 crore FY28 revenue target to be achieved well ahead of plan. Its Rs 580 crore FY28 adjusted EBITDA target is also expected to be achieved ahead of schedule. The company reported annual capacity of 100.8 million pieces in FY26, with 78 million pieces shipped during the year. Its manufacturing footprint spans India, Bangladesh, Vietnam, Indonesia and Guatemala. Pearl Global also highlighted its diversified manufacturing footprint as a factor supporting supply-chain flexibility. The company said its production can be optimised across countries based on demand, costs, tariffs and trade conditions. Management expects higher volumes, capacity expansion, backward integration and new product categories to support margin expansion. The company expects ROCE to move above 22% by FY30. In Q1FY2027, the company's consolidated net profit rose 48.20% to Rs 100.51 crore while net sales rose 24.46% to Rs 1528.26 crore in Q1 June 2026 over Q1 June 2025. Pearl Global Industries is one of India's largest listed garment exporters, with manufacturing operations across South Asia, including India and Bangladesh; Southeast Asia, including Vietnam and Indonesia; and Central America, including Guatemala. Earlier this month, the company announced the commissioning of a new manufacturing facility and the expansion of its sustainable laundry capacity in Bangladesh. The new facility adds around 7 million pieces of annual garment capacity at optimum utilisation, taking the company's total installed manufacturing capacity to around 108 million pieces per annum. First Published: Sep 25 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lloyds Engineering Works Ltd, Lloyds Enterprises Ltd, Protean eGov Technologies Ltd and Garware Hi Tech Films Ltd are among the other gainers in the BSE's 'A' group today, 25 September 2026. Lloyds Engineering Works Ltd, Lloyds Enterprises Ltd, Protean eGov Technologies Ltd and Garware Hi Tech Films Ltd are among the other gainers in the BSE's 'A' group today, 25 September 2026. Whirlpool of India Ltd surged 8.54% to Rs 928.6 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 12.55 lakh shares were traded on the counter so far as against the average daily volumes of 1.46 lakh shares in the past one month. Lloyds Engineering Works Ltd soared 6.77% to Rs 97.04. The stock was the second biggest gainer in 'A' group. On the BSE, 10.51 lakh shares were traded on the counter so far as against the average daily volumes of 3.95 lakh shares in the past one month. Lloyds Enterprises Ltd spiked 6.28% to Rs 80.26. The stock was the third biggest gainer in 'A' group. On the BSE, 3.6 lakh shares were traded on the counter so far as against the average daily volumes of 1.58 lakh shares in the past one month. Protean eGov Technologies Ltd spurt 4.52% to Rs 671.1. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.47 lakh shares were traded on the counter so far as against the average daily volumes of 1.32 lakh shares in the past one month. Garware Hi Tech Films Ltd rose 4.16% to Rs 6622.15. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1845 shares were traded on the counter so far as against the average daily volumes of 4159 shares in the past one month. First Published: Sep 25 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 25 2026 | 12:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FPI inflows into healthcare after a long outflow phase reflect the sector’s defensive appeal. First Published: Sep 25 2026 | 12:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Usha Martin (UML) said that the company's board has approved a proposal for the slump sale of the business undertaking of U M Cables, wholly owned subsidiary, to R R Kabel for a total consideration of Rs 77 crore. In a regulatory filing made post market hours yesterday, the steel wire rope maker announced that the board of directors of the company and of U M Cables (UMCL) have accorded their approval for sale, transfer and disposal of the business undertaking of UMCL to R R Kabel, on a going-concern basis, by way of a slump sale for a consideration of Rs 77 crore, subject to working capital adjustments. U M Cables is engaged in manufacturing and selling of optical fibre cables, jelly-filled telecommunication cables and fibre reinforced plastic rods. For the financial year ended 31st March 2026, UMCL's revenue from operations was Rs. 78.19 crore, representing approximately 2.12% of UML's consolidated revenue from operations of Rs. 3,691.06 crore. As of 31st March 2026, UMCL's audited net worth was Rs 35.32 crore, representing approximately 1.07% of UML's consolidated net worth of Rs. 3,302.08 crore. R R Kabel is well recognized brand having pan- India presence and is principally engaged in the business of manufacturing and selling cables, wires, lights, fans, appliances and related products having revenue from operation amounting to Rs. 9722.36 crore as on 31st March 2026. Usha Martin stated that the proposed transaction is aligned with the companys strategy to streamline its portfolio and sharpen its focus on its core wire and wire ropes business. This business sales is expected to enable more efficient deployment of capital towards the companys long-term growth priorities. Usha Martin is a specialty steel wire rope solutions provider. The company is also engaged in the manufacturing of high-quality wires, low relaxation prestressed concrete steel strand (LRPC), bespoke end fitments, accessories and related services. The company had reported 40.9% increase in consolidated net profit to Rs 142 crore on a 16.4% rise in revenue from operations to Rs 1,033 crore in Q1 FY27 as compared with Q1 FY26. First Published: Sep 25 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Transport Corporation of India zoomed 13.12% to Rs 942.95 after the company announced that its board will meet on 29 September 2026 to consider a proposal for buyback of fully paid-up equity shares. Transport Corporation of India (TCI) is engaged in integrated multimodal logistics and supply chain solutions, including road, rail and coastal transportation; warehousing; cold chain logistics and freight management services. The companys consolidated net profit marginally declined 0.75% to Rs 105.7 crore in Q1 FY27 from Rs 106.5 crore in Q1 FY26. Revenue from operations increased 9.58% year on year to Rs 1,248.5 crore in Q1 FY27. First Published: Sep 25 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lemon Tree Hotels announced the signing of Lemon Tree Hotel, Patancheru in Telangana. The property will be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels Limited. The signing further strengthens the group's presence in Telangana, where the group now has four operational hotels and four upcoming properties, including this signing. Located in Patancheru, an established industrial and manufacturing hub, the hotel is strategically positioned to cater to demand from business travellers, corporate visitors and transient guests, while supporting the group's continued expansion across the state. Lemon Tree Hotel, Patancheru will feature 90 well-appointed rooms, along with a restaurant, banquet hall, meeting/conference room, swimming pool, fitness centre and other recreational facilities. The property will offer contemporary accommodation complemented by a range of amenities designed to meet the needs of both business and leisure travellers. First Published: Sep 25 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To develop its 7th property in Mumbai Lemon Tree Hotels announced that its material subsidiary, Fleur Hotels, has acquired a strategically located land parcel in Bandra (East) adjoining Bandra Kurla Complex, Mumbai to develop a hotel under the Lemon Tree Premier brand. The proposed hotel will comprise of approximately 172 keys and is planned as an upscale full-service property catering to the growing demand from the business travelers, MICE, leisure and social segment demand in the city. Located in Bandra, along the Western Express Highway, adjoining Bandra Kurla Complex, one of Mumbai's key commercial, residential and lifestyle hubs, the hotel will offer contemporary rooms and suites, all-day dining, fitness centre and swimming pool facilities. It will be the Group's 7th property in Mumbai, extending Lemon Tree Hotels' presence across key micro-markets in India's commercial capital. First Published: Sep 25 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Blue Cloud Softech Solutions surged 11.72% to Rs 22.40 after its US subsidiary, Global Impx (GIX), received a work order from IBM Cloud Inc. for AI infrastructure design, deployment and support services. Under the engagement, GIX will develop a scalable, secure and high-performance environment for the clients artificial intelligence and machine learning workloads, covering model development, training, fine-tuning and inference. The project will be executed across four stages. The design phase will cover assessment of AI workloads and existing infrastructure, followed by high-level architecture and detailed design. The build phase will include GPU compute clusters, high-performance storage and networking, AI/ML platforms and Kubernetes-based orchestration, along with model training and inference environments. The secure-and-operate phase will cover identity and access controls, network segmentation, encryption, monitoring, backup and disaster recovery. The final validation-and-handover phase will include performance testing, documentation, knowledge transfer, production handover and a stabilisation and support period. The project includes defined service levels, including infrastructure and GPU availability of at least 99.5%, critical alerts within 15 minutes and response to critical incidents within 30 minutes. Tejesh Kumar Kodali, group chairman, Blue Cloud Softech Solutions, said: AI is moving out of the lab and into production, and that move runs on infrastructure. Winning this mandate from IBM Cloud within three months of GIX joining Blue Cloud shows that our US platform can compete for, and deliver, the most demanding AI infrastructure work. This is the high-value, repeatable business we set out to build when we brought GIX into the group. Vinod Babu Bollikonda, managing director and Group CEO, said: Our teams have already mobilised. We will deliver against clear milestones and service levels, including 99.5 per cent availability, and we aim to earn a long-term relationship with the client that extends well beyond this engagement. Blue Cloud Softech Solutions provides AI solutions and infrastructure, cybersecurity, telecom and 5G services, and healthcare technology to governments and enterprises through platforms including AccessGenie, Blura SAGA, BluHawk and BluHealth. The companys consolidated net profit jumped 24.74% to Rs 17.95 crore in Q1 FY27, compared with Rs 14.39 crore in Q1 FY26. Revenue from operations climbed 41.97% YoY to Rs 292.51 crore in Q1 FY27. First Published: Sep 25 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Axiom Gas Engineering traded at Rs 54.10 on the NSE, up 0.19% from its issue price of Rs 54. The stock hit a high of Rs 57 and a low of Rs 54. About 40.34 lakh shares changed hands on the NSE. Axiom Gas Engineering's IPO was subscribed 1.36 times. The issue had a price band of Rs 51 to Rs 54 per share and was open for subscription from 18 September 2026 to 22 September 2026. The IPO comprised a fresh issue of 83.28 lakh equity shares. The proceeds will be used to meet capital expenditure, working capital requirements and general corporate purposes. The company had allocated 10.70 lakh equity shares to three anchor investors at Rs 54 per share. Axiom Gas Engineering is engaged in the distribution and retailing of Auto Liquefied Petroleum Gas (Auto LPG). It operates a network of Auto LPG Dispensing Stations supported by storage and logistics infrastructure. Telangana accounted for 60.42% of revenue, followed by Maharashtra at 31.39%. As of 31 March 2026, the company had 19 employees, including key managerial personnel. For FY2026, consolidated revenue from operations stood at Rs 100.75 crore, while profit after tax was Rs 9.45 crore. First Published: Sep 25 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rainbow Childrens Medicare Ltd registered volume of 5.33 lakh shares by 10:45 IST on BSE, a 38 fold spurt over two-week average daily volume of 14021 shares PB Fintech Ltd, Castrol India Ltd, The Bombay Burmah Trading Corporation Ltd, Go Digit General Insurance Ltd are among the other stocks to see a surge in volumes on BSE today, 25 September 2026. Rainbow Childrens Medicare Ltd registered volume of 5.33 lakh shares by 10:45 IST on BSE, a 38 fold spurt over two-week average daily volume of 14021 shares. The stock slipped 2.86% to Rs.1,371.40. Volumes stood at 83620 shares in the last session. PB Fintech Ltd registered volume of 15.65 lakh shares by 10:45 IST on BSE, a 6.59 fold spurt over two-week average daily volume of 2.37 lakh shares. The stock slipped 4.74% to Rs.1,152.60. Volumes stood at 5.83 lakh shares in the last session. Castrol India Ltd witnessed volume of 10.83 lakh shares by 10:45 IST on BSE, a 6.57 times surge over two-week average daily volume of 1.65 lakh shares. The stock increased 2.47% to Rs.199.45. Volumes stood at 1.58 lakh shares in the last session. The Bombay Burmah Trading Corporation Ltd registered volume of 16.12 lakh shares by 10:45 IST on BSE, a 6.51 fold spurt over two-week average daily volume of 2.48 lakh shares. The stock slipped 0.83% to Rs.1,428.00. Volumes stood at 1080 shares in the last session. Go Digit General Insurance Ltd notched up volume of 16.15 lakh shares by 10:45 IST on BSE, a 3.37 fold spurt over two-week average daily volume of 4.79 lakh shares. The stock rose 1.12% to Rs.253.00. Volumes stood at 18.89 lakh shares in the last session. First Published: Sep 25 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 11:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
German Green Steel IPO review First Published: Sep 25 2026 | 11:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Meesho's premium valuation prompts Nomura to initiate coverage with 'Reduce' rating First Published: Sep 25 2026 | 11:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The data shows that sales were concentrated in a few leading markets. Bengaluru recorded the highest sales value, followed by NCR and MMR. First Published: Sep 25 2026 | 11:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 10:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Steamhouse India has been awarded the mandate for Engineering, Procurement and Construction (EPC), commissioning and comprehensive Operation & Maintenance (O&M) of the Common Steam Plant and Co-generation Power Plant at the Bulk Drug Park, Una, Himachal Pradesh. The order is valued at Rs 311 crore. The project is strategically significant for the Company as it expands its community steam generation and distribution model to Himachal Pradesh. The project will add 300 TPH of steam capacity to the Company's operating platform and provide a long-term 25-year O&M opportunity following the EPC and commissioning phase. The Company currently has approximately 345 TPH of steam generation and distribution capacity under its own generation and distribution model, with approximately 360 TPH of additional capacity under construction. With the addition of the Una project, the Company's potential generation and distribution platform is expected to reach approximately 1,005 TPH, subject to completion and commissioning of the respective projects. First Published: Sep 25 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Orient Cables IPO: Brokerages bullish on gains from India's digital boom First Published: Sep 25 2026 | 10:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Welspun Corp share price hit a new high at ?2,837.50 in Friday's trade. First Published: Sep 25 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee bounced back slightly in opening trades on Friday as dollar steadies after a sharp rally and oil prices pull back amid temporary relief on hopes of a phased deal to reopen the Strait of Hormuz and lift a US blockade on Iranian ports. However, persistent dollar demand from domestic importers in particular the oil companies, elevated crude oil prices, and broad-based strength in the US dollar index following hawkish Federal Reserve rate signals weighing on the local unit. INR opened at Rs 95.92 per dollar and hit a high of 95.85 so far during the day and as compared to previous close of 95.99. Meanwhile, India's benchmark equity indices are trading slightly lower following a massive market correction in the previous session. The BSE Sensex stands at 73,569.89 (down 10.65 points), while the NSE Nifty 50 is trading at 23,045.15 (down 17.95 points). First Published: Sep 25 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PB Fintech faces up to 46% earnings risk from Irdai's draft rules: Analysts First Published: Sep 25 2026 | 10:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Welspun Crorp added 3.84% to Rs 2786.30 after the company announced that its wholly owned US subsidiary, Welspun Tubular, secured an order worth approximately Rs 4,000 crore for the supply of High-Frequency Induction Welded (HFIW) pipes. The pipes will be manufactured at Welspun Tubulars newly upgraded HFIW mill in Little Rock, USA, which has enhanced manufacturing capabilities. The order is scheduled to be executed during FY28 and FY29. Following the order win, Welspun Corps global order book reached a record $4.7 billion, or around Rs 45,000 crore, the highest level in the companys history. Welspun Corp has a diversified portfolio spanning line pipes, ductile iron pipes, stainless steel bars, pipes and tubes, and TMT rebars. It also houses Sintex, a brand focused on water storage tanks and advanced plastic piping solutions. The company serves customers across more than 50 countries on six continents, supported by manufacturing facilities in India, the US and Saudi Arabia. The company's consolidated net profit surged 198.64% to Rs 1046.49 crore on a 14.91% rise in revenue to Rs 4081.12 crore in Q1 FY27 over Q1 FY26. First Published: Sep 25 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ESDS Software Solution hit the lower circuit of 5% at Rs 1,757.65 after the company reported mixed Q1 FY27 performance, with revenue growth offset by a sequential decline in profitability. Profit before tax increased 5.16% YoY but declined 57.26% QoQ to Rs 36.47 crore in Q1 FY27. Total expenditure increased 9.92% YoY and 17.24% QoQ to Rs 96.14 crore. Employee expenses increased 6.16% YoY but declined 13.39% QoQ to Rs 25.16 crore. Interest expense declined 28.21% YoY and 5.51% QoQ to Rs 2.57 crore. Depreciation increased 20.47% YoY and 8.20% QoQ to Rs 18.48 crore. ESDS, incorporated in 2005 in Nashik and promoted by Piyush Somani, provides IT infrastructure services including cloud computing infrastructure, co-location data centre infrastructure, SaaS and managed services. The company operates integrated data centres in Nashik, Navi Mumbai, Mohali and Bengaluru. The stock entered the bourses on 4 September 2026 at Rs 746.30, a 73.96% premium to its issue price of Rs 429. The IPO, which was open for subscription from 28 August to 1 September 2026, was subscribed 135.88 times. The stock currently trades 309.71% above its IPO price. First Published: Sep 25 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Intense Technologies Ltd has lost 4.7% over last one month compared to 7.56% fall in BSE Information Technology index and 5.09% drop in the SENSEX Intense Technologies Ltd lost 5.2% today to trade at Rs 79.1. The BSE Information Technology index is down 0.52% to quote at 26975.78. The index is down 7.56 % over last one month. Among the other constituents of the index, Empower India Ltd decreased 4.59% and Dynacons Systems & Solutions Ltd lost 2.07% on the day. The BSE Information Technology index went down 21.01 % over last one year compared to the 9.41% fall in benchmark SENSEX. Intense Technologies Ltd has lost 4.7% over last one month compared to 7.56% fall in BSE Information Technology index and 5.09% drop in the SENSEX. On the BSE, 8 shares were traded in the counter so far compared with average daily volumes of 1893 shares in the past one month. The stock hit a record high of Rs 142.7 on 09 Oct 2025. The stock hit a 52-week low of Rs 68.05 on 30 Mar 2026. First Published: Sep 25 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Blue Cloud Softech Solutions announced that its wholly owned US subsidiary, Global Impx Inc. (GIX), has received a signed Statement of Work from IBM Cloud Inc. for AI infrastructure design, deployment and support services, at a fixed fee of US$15.5 million (approximately Rs 147 crore). The Statement of Work is issued under a Master Services Agreement between the two companies dated 21 August 2026. Work commenced on 24 September 2026, and fees are payable against five milestones running from project kick-off to production go-live. First Published: Sep 25 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For development of G+12 floor office building in Bengaluru The work has to be completed within 30 months from the date of site handover. First Published: Sep 25 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 25 2026 | 9:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Welspun Tubular LLC, a wholly owned subsidiary of Welspun Corp in the USA, has secured the largest order in its history, in terms of volume, length and value, for the supply of High-Frequency Induction Welded (HFIW) pipes, valued at approx. USD 412.5 million (Rs 4,000 crore). The pipes will be manufactured at the company's newly upgraded HFIW mill, with enhanced capabilities, at Little Rock, USA. The order will be executed during FY28 and FY29. With this order, the company's global order book stands at a record USD 4.7 billion (Rs 45,000 crore), the highest in its history. First Published: Sep 25 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The sluggish opening was a contrast to a week of volatility when oil prices rose to a one-week high on Thursday Oil prices fell slightly on Friday as markets weighed the possibility of a truce between the US and Iran against the bombing of Saudi Arabia by Houthi rebels after a week of price spikes. Brent was down 87 cents, or 0.82%, at $105.73 a barrel at 0212 GMT, while West Texas Intermediate (WTI) was down $1.56, or 1.65%, at $93.05 ?a barrel. The sluggish opening was a contrast to a week of volatility when oil prices rose to a one-week high on Thursday. Both contracts rose as much as 5%. Brent settled up 3.4% and WTI was 2.7% higher. Brent notched its highest close since September 15. It was the first rise in days for WTI, which was down 13% over the prior six sessions and is down 6.42% for the week, compared with Brent's 2.09% rise. The spread between Brent and WTI is the widest it has been since May at $12.68 when it was over $13. Fears of a US ban on diesel exports that could flood the domestic market are largely responsible for the price bifurcation, given that the two benchmarks usually rise ?and fall in tandem, despite the US contract usually selling for a discount. "The unusually wide WTI-Brent spread also reflects the different regional risk profiles at play," said Tim Waterer, chief analyst at KCM Trade. US and Iranian negotiators in New York are exploring a phased path out of war that would involve Tehran reopening the Strait of Hormuz and Washington lifting its economic blockade of Iran, sources close to the talks said this week. Since the war began at the end of February, around a fifth of the world's oil and gas shipments have been curtailed, pushing up prices by 50% in March alone while driving liquefied natural gas buyers to ?look further afield for new, stable supplies of the super-chilled fuel. On Thursday, Iranian President Masoud Pezeshkian said it was up to the US to choose when the Iran war will end. "It's America that must choose whether ?it wants to end this or not," Pezeshkian said, responding to a question in an interview aired on Thursday ?on Fox News. Saudi Arabia intercepted six ballistic missiles fired by Yemen's Iran-backed Houthis, thwarting attacks on the southern province of Taif and the Yanbu area on the Red Sea, the Saudi-led coalition in Yemen said. Ongoing ?attacks "serve as a clear reminder that critical oil assets remain firmly in the firing line," Waterer said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 25 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian shares held their nerve on Friday as a relentless bond selloff pushed longer dated US yields to two-decade highs, raising borrowing costs worldwide and threatening lofty equity valuations. The return of oil above $100 a barrel, with Brent crude near $105, has revived inflation fears, bolstering bets on multiple Federal Reserve rate hikes after its first move in more than three years and putting the dollar on track for a 1% weekly gain. Chinese ?President Xi Jinping is in Washington for talks with President Donald Trump, though beneath the fanfare there has been scant evidence of breakthroughs on thorny issues over AI, trade, Taiwan or the war with Iran. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, with most markets including Chinese mainland, Taiwan and South Korea closed for a holiday. Japan's Nikkei rose 1%, while Australia's resources-heavy shares fell 0.6%. Hong Kong's Hang Seng index skidded 1%. Risk assets are being squeezed by a dramatic selloff in global bonds, as inflation worries and fiscal strains push investors to demand ever-higher returns particularly on long-dated debt. "The world's bond markets are screaming, and ignoring it could prove very expensive," said Nigel Green, CEO of deVere Group, a financial advisory firm. The benchmark 10-year Treasury yield rose 1 basis point to 5.1915%, having surged 20 bps in just two days to a new 19-year peak of 5.2251%. That was the biggest two-day gain since April last year when Trump's Liberation Day tariffs spooked markets. Thirty-year US bond yields climbed 2 basis points to 5.4805%, having surged 16 bps over the past two days to hit 5.5016%, the highest since 2004. That lifted US mortgage rates to 7%, hamstringing the housing market. Asian bonds extended the global selloff, with Japan's 10-year government bond yields up 4 bps to 3.115%, the highest since 1996. Australia's 10-year government bond yields also rose 4 bps to 5.408%. GLOBAL HIKING CYCLE REACHES SCANDINAVIA There was no respite at the short end of the Treasury curve either. Fed funds futures now imply a 71% chance of another rate hike ?next month, up from about 53% earlier this week, and more than 90 basis points of tightening still to come this cycle, equivalent to almost four quarter-point hikes. The US 2-year yields were steady at 4.9035%, having jumped 16 bps this week to hover near a two-year ?high. The Fed's return to rate hikes last week is rippling across global markets. As inflation pressures intensify, smaller central banks are shifting to a more ?hawkish stance, with Norway's Norges Bank raising rates on Thursday and Sweden's Riksbank signalling it was likely to follow suit by the year end. Mexico's Banxico held rates steady but dropped its previous guidance for a prolonged pause. That is keeping the US dollar firm, ?having risen 1% this week to 101.25 against its major peers, about the highest since late July. In the commodities market, Brent crude eased 0.8% to $105.75 a barrel, after climbing 3% overnight as a Houthi missile attack on Saudi Arabia revived fears of supply disruptions. Markets are ?meanwhile clinging on to lingering hopes for a possible truce between the US and Iran, as the two countries are reportedly exploring a phased path to reopen the Strait of Hormuz. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 25 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Portfolio managers can invest in IPOs and primary debt issues; new rules also ease compliance and introduce changes to settlement proceedings SEBI said the changes are aimed at developing the portfolio management services industry. They are also intended to simplify regulations and ease compliance. Under the new framework, portfolio managers will be allowed to invest in initial public offerings (IPOs) and primary market debt issues. They will also have greater flexibility to invest in exchange-traded derivatives, with investments permitted up to 1.25 times the client's assets under management (AUM). Portfolio managers will be allowed to invest up to 10% of client AUM in investment-grade, non-convertible, unlisted debt securities under discretionary portfolio management services. Client consent will be required for such investments. The new rules will also allow investment in specified foreign securities. These include listed equities, debt, REITs, overseas mutual funds, exchange-traded funds and index funds. Such investments will remain subject to applicable foreign exchange rules and the Reserve Bank of India's Liberalised Remittance Scheme. SEBI also approved the introduction of the Portfolio Managers Route for Investing in Mutual Fund Units (PRIM). The route will allow portfolio managers to invest clients' funds in direct plans of mutual funds, including exchange-traded funds, index funds and specialised investment funds of Indian asset management companies. An existing portfolio manager will be able to offer PRIM through a separate investment approach with a minimum ticket size of Rs 25 lakh. Applicants seeking a separate registration to operate exclusively under PRIM will require a net worth of Rs 2 crore. The fixed management fee will be capped at 1% of client AUM, while performance-based fees will also be permitted. The framework will also introduce Independent Fund Managers (IFMs), who can manage and operate client portfolios in association with a registered portfolio manager. The registered portfolio manager will retain full responsibility and liability for the activities of the IFM. Clients will have a mandatory exit option if an IFM leaves or is terminated. SEBI also approved several compliance-related changes. Graduates will be eligible to function as principal officers of portfolio managers, while the dealing room requirement will be relaxed for portfolio managers with AUM below Rs 100 crore. SEBI said this would cover 48% of registered portfolio managers as of the date of the decision. The regulator will introduce a standardised Investment Management Agreement and embed authority to operate demat and trading accounts within the agreement. The power of attorney requirement for bank accounts mandated by the RBI will continue. SEBI said the review reduced the size of the portfolio manager regulations from 70 pages to 33 pages, a 53% reduction. The word count was reduced by about 42% to 11,308 words from 19,486 words, while the number of provisos was reduced from 47 to four. Separately, the board approved the SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2026, which will replace the SEBI (Settlement Proceedings) Regulations, 2018. The new regulations will come into force on the day succeeding the 30th day from the date of their notification. Under the new framework, settlement terms will comprise a settlement amount, disgorgement of wrongful gains where applicable, and remedial and regulatory terms. SEBI has also approved a new formula for calculating the settlement amount, incorporating factors including the minimum penalty prescribed under securities laws, the stage of proceedings, regulatory action, gravity of the default, aggravating factors and mitigating factors. Wrongful gains, loss avoided or loss caused to investors will not be included in the base amount. Where quantified, such amounts will be disgorged separately. The revised framework will also provide for a settlement notice before the issuance of a show cause notice in eligible cases. Such a notice will give applicants 60 days to file a settlement application. The settlement notice will not be issued where initiation of prosecution or an interim order is contemplated. First Published: Sep 25 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Kaynes Technology, LIC Housing Finance, Manappuram Finance, SAIL are barred from F&O trading on 25 September 2026. Stocks to Watch: ESDS Software Solutions consolidated net profit jumped 36.15% to Rs 18.19 crore on 26.59% increase in revenue from operations to Rs 116.16 crore in Q1 FY27 over Q1 FY26. Waaree Energies board approved the scheme of amalgamation of Indosolar with the company. As part of the amalgamation, Balaji Amines will issue one equity share of face value Rs 10 each for every 11 shares held by Indosolar shareholders, in a 1:11 share-swap ratio. Separately, Waaree Clean Energy Solutions has entered the specialty gases market. Sterlite Technologies launches Neuralis pre-terminated fiber trunk assemblies from 48F to 6912F for hyperscale data centers. Inox Green Energy Services operations committee approved Qualified Institutions Placement (QIP) of equity shares at floor price of Rs 174.36 per equity share. Dr. Lal Pathlabs board approved the acquisition of 70% stake in SN Genelab for total consideration of Rs 168 crore plus certain performance linked earn out capped at Rs 31.5 crore. First Published: Sep 25 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 12.97% to Rs 119.44 crore First Published: Sep 25 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 7.28% to Rs 133.66 crore First Published: Sep 25 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 25 2026 | 8:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KKR-backed electric bus maker PMI Electro Mobility Solutions has confidentially filed draft IPO papers in Mumbai KKR-backed electric bus maker PMI Electro Mobility Solutions has confidentially filed draft papers for ?an initial public offering in Mumbai, a newspaper advertisement showed on Friday. Founded in 2017, PMI Electro Mobility is an electric commercial vehicle manufacturer with a fleet of 3,300 e-buses across 34 cities ?in India. US private equity firm KKR had earlier this year invested around $310 million in PMI Electro Mobility Solutions and its e-bus platform Allfleet India. PMI Electro competes with listed rivals Olectra Greentech JBM Auto ?and Tata Motors in India. Under India's confidential filing ?process, companies can submit draft IPO ?documents to the market regulator without making them public, allowing ?them to shield sensitive financial and business information while seeking regulatory feedback. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 25 2026 | 8:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: PB Fintech, MCX, NSE, Inox Green, Waaree Energies, Dr Lal Stocks to watch: GIFT Nifty trends are indicating a positive start for benchmark indices today, post a marginal dip in oil prices. As of 7:45 AM, GIFT Nifty was up 22 points or 0.10 per cent at 23,120 Meanwhile, other Asian markets were mixed on Friday morning as investors assess the developments in the meeting between US President Donald Trump and Chinese President Xi Jinping. Japan’s Nikkei 225 was up 1.30 per cent, while Hong Kong’s Hang Seng fell 1.64 per cent. Markets were closed in mainland China and South Korea on Friday. Overnight, the Dow Jones Industrial Average and the S&P 500 ended 0.31 per cent and 0.02 per cent down, respectively. The Nasdaq Composite settled 0.01 per cent higher. In commodities, oil prices fell marginally amid slight de-escalation in the West Asia crisis. Brent crude futures fell 0.72 per cent to $105.8 a barrel, while US WTI declined 1.49 per cent to $93.20 a barrel. NSE: The NSE stock listed at ?1,800 on the BSE and MSEI on Thursday, a 0.84 per cent premium to its ?1,785 issue price. Focus remains on post-listing price action and trading volumes. PB Fintech: Shares plunged 36 per cent after IRDAI proposed sweeping changes to insurance distribution economics. The company flagged potential pressure on general insurance revenue and agent commissions, while saying its life insurance business would see limited impact. HDFC Mutual Fund bought 25 lakh shares worth ?320.57 crore of PB Fintech Inox Green: Launched a QIP with a base issue size of around ?300 crore and an option to raise another ?100 crore. The indicative price is around 5 per cent below the SEBI floor price of ?174.64 per share. Dr. Lal PathLabs: To acquire a 70 per cent stake in SN Genelab for up to ?168 crore in cash, with an additional earn-out of up to ?31.5 crore. The acquisition will expand its portfolio of advanced diagnostic services. Piramal Finance: FY26 insurance commission income stood at around ?200 crore. If the IRDAI proposal is implemented as proposed from April 2027, FY28E RoA could take an 18–24 bps hit, although the company remains confident of around 50 per cent YoY FY27E net profit growth. MCX: MCX share price will remain in focus after market regulator Sebi has approved foreign portfolio investor participation in select non-agricultural commodity futures and options. Waaree Energies: Waaree Clean Energy Solutions has entered India’s speciality gases market. The business will cater to semiconductor and solar manufacturing, opening up a new growth opportunity. Godrej Industries: Sold a 0.5 per cent stake in Godrej Consumer Products for ?450 crore. The company continues to hold a 23.23 per cent stake in GCPL. Cochin Shipyard: To acquire a 23 per cent stake in Netherlands-based Conoship International Holding for €2.30 million. The deal will support expansion into European coastal and short-sea shipping and joint development of alternative-fuel and marine technologies. JSW Cement: Received a GST show-cause notice involving a ?229.85 crore demand, along with interest and a 10 per cent penalty. The notice relates to FY22–FY24 and will remain a key overhang. Balaji Amines: Commenced commercial production of Acetonitrile at its Solapur plant, taking installed capacity to 1,440 tonnes per month. The expanded capacity will cater to both domestic and international markets. TCPL Packaging: Incorporated wholly owned subsidiary TCPL Energy Materials to manufacture lithium-ion battery separator films. The move marks the company’s entry into a new energy-materials segment. LCC Projects: Emerged as the L-1 bidder for the ?653.34 crore ChhotiKalisindh Medium Irrigation Project in Rajasthan. The project involves a sprinkler-based irrigation system with solar integration. Sterlite Technologies: Strengthened its Neuralis Data Centre portfolio with pre-terminated fibre trunk assemblies ranging from 48F to 6912F. The portfolio targets hyperscale and enterprise data centres benefiting from rising AI, cloud and high-performance computing demand. First Published: Sep 25 2026 | 8:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected open slightly higher on Friday as oil prices declined on hope for US-Iran truce. First Published: Sep 25 2026 | 7:53 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
F&O: Analyst suggests bear, bull spreads on Bank Nifty, Canara Bank First Published: Sep 25 2026 | 7:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
F&O: Analyst suggests bear, bull spreads on Bank Nifty, Canara Bank First Published: Sep 25 2026 | 7:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 25 2026 | 12:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Logo of Insurance Regulatory and Development Authority of India (IRDAI) First Published: Sep 24 2026 | 11:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Entry sedans accounted for 7.1 per cent of passenger-vehicle (PV) sales in January-August this year This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 9:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 8:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 24 2026 | 7:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 7:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 7:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 7:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 7:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 7:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 24 2026 | 7:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 7:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 6:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 6:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company outperformed its peers in the June quarter with same-store sales growth (SSSG) of 10 per cent, compared with peer value retailers, which posted 7 per cent growth This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 24 2026 | 5:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 5:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 5:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 5:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 24 2026 | 5:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nikhil Agarwal, president of CJ Darcl Logistics First Published: Sep 24 2026 | 5:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 4:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 4:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 4:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 24 2026 | 4:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
National Stock Exchange (NSE), post its listing on the BSE on Thursday, does not see any change in its duties as a stock trading marketplace and responsibilities as a commercial entity, but if the two lines intersect, the former will have an overriding advantage, its chairperson Srinivas Injeti said. He also said that NSE as an institution has contributed immensely in transforming the Indian capital market from a relatively small market serving a privileged few to a nationwide and vibrant capital market today. Earlier in the day, the National Stock Exchange made its historic debut at the BSE with its shares listing at ?1,800 apiece, up by 0.84 per cent from the issue price of ?1,785. The public issue marked a significant milestone for the NSE, whose listing plans had remained stalled for nearly a decade amid regulatory hurdles, including those linked to the co-location controversy. "Often there is a lot of debate whether a public utility like an exchange should get listed. Whether it carries an inherent tension of competition between what are the public interests and what are the stakeholders' interests. While at a superficial level there may appear to be some competition, it is our belief that if we look deeper, there is a complete convergence between the two," Injeti said at the listing ceremony. He said that NSE has a dual role -- a regulatory duty to maintain market integrity and protect public interests, and the responsibility as a business entity to promote its interests. "It is important for the entity to focus on its financial performance, to give returns to our shareholders. But it is very clear that if two lines intersect, if two duties intersect, the former will have an overriding advantage," Srinivas asserted. "You can't do business without protecting public interests. There is no competition. ...If something is not good for the market, it is not good for you. So, guided by the philosophy of responsible business and sustainable business, I think we are just at the beginning of a take-off," he added. The ?22,569-crore initial public offering of NSE, the country's second-largest IPO, received nearly 6 times subscription on the final day of bidding on Monday, led by strong demand from institutional buyers. The offering was India's second-largest public issue after Hyundai Motor India's ?27,870-crore IPO in 2024. The IPO surpassed LIC's ?21,000 crore offering in 2022. "I think it is very clear that it is a large IPO. When we got the signing approval in January, we wanted to ensure that the IPO is launched as soon as possible. But later, as we went along, the market was not in the best of its shape," he said. "What is most satisfying is that even though it was a large size issue, it was oversubscribed in all the categories. What is particularly satisfying is that the retail industrial investor (participation) also saw an oversubscription. I don't think any IPO had so much distribution and participation." ALSO READ: NSE breaks into top 10 BSE market-cap league on debut; beats HUL, Titan Stating that there were times when it was thought whether this was the best time to launch the IPO, he said, "What we finally decided and made a good consensus is that market valuation doesn't matter. Inherent value of the company matters." "And if you believe that the company has inherent value, then there is no good time or bad time," he said. The mega IPO generated nearly ?90,300 crore of demand against the ?22,568 crore issue size. The IPO had an Offer for Sale (OFS) of up to 12.64 crore equity shares by existing shareholders. The exchange had fixed a price band of ?1,700-1,785 per equity share for the IPO. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 24 2026 | 3:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
National Stock Exchange (NSE), post its listing on the BSE on Thursday, does not see any change in its duties as a stock trading marketplace and responsibilities as a commercial entity, but if the two lines intersect, the former will have an overriding advantage, its chairperson Srinivas Injeti said. He also said that NSE as an institution has contributed immensely in transforming the Indian capital market from a relatively small market serving a privileged few to a nationwide and vibrant capital market today. Earlier in the day, the National Stock Exchange made its historic debut at the BSE with its shares listing at ?1,800 apiece, up by 0.84 per cent from the issue price of ?1,785. The public issue marked a significant milestone for the NSE, whose listing plans had remained stalled for nearly a decade amid regulatory hurdles, including those linked to the co-location controversy. "Often there is a lot of debate whether a public utility like an exchange should get listed. Whether it carries an inherent tension of competition between what are the public interests and what are the stakeholders' interests. While at a superficial level there may appear to be some competition, it is our belief that if we look deeper, there is a complete convergence between the two," Injeti said at the listing ceremony. He said that NSE has a dual role -- a regulatory duty to maintain market integrity and protect public interests, and the responsibility as a business entity to promote its interests. "It is important for the entity to focus on its financial performance, to give returns to our shareholders. But it is very clear that if two lines intersect, if two duties intersect, the former will have an overriding advantage," Srinivas asserted. "You can't do business without protecting public interests. There is no competition. ...If something is not good for the market, it is not good for you. So, guided by the philosophy of responsible business and sustainable business, I think we are just at the beginning of a take-off," he added. The ?22,569-crore initial public offering of NSE, the country's second-largest IPO, received nearly 6 times subscription on the final day of bidding on Monday, led by strong demand from institutional buyers. The offering was India's second-largest public issue after Hyundai Motor India's ?27,870-crore IPO in 2024. The IPO surpassed LIC's ?21,000 crore offering in 2022. "I think it is very clear that it is a large IPO. When we got the signing approval in January, we wanted to ensure that the IPO is launched as soon as possible. But later, as we went along, the market was not in the best of its shape," he said. "What is most satisfying is that even though it was a large size issue, it was oversubscribed in all the categories. What is particularly satisfying is that the retail industrial investor (participation) also saw an oversubscription. I don't think any IPO had so much distribution and participation." ALSO READ: NSE breaks into top 10 BSE market-cap league on debut; beats HUL, Titan Stating that there were times when it was thought whether this was the best time to launch the IPO, he said, "What we finally decided and made a good consensus is that market valuation doesn't matter. Inherent value of the company matters." "And if you believe that the company has inherent value, then there is no good time or bad time," he said. The mega IPO generated nearly ?90,300 crore of demand against the ?22,568 crore issue size. The IPO had an Offer for Sale (OFS) of up to 12.64 crore equity shares by existing shareholders. The exchange had fixed a price band of ?1,700-1,785 per equity share for the IPO. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 24 2026 | 3:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
DSP will continue to be led by its founding leadership, with overarching guidance from Anarock First Published: Sep 24 2026 | 2:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Angel One First Published: Sep 24 2026 | 2:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Global interest in AI stocks remained strong after Metas Muse personal AI agent renewed investor interest in the sector and supported demand for AI infrastructure. In Japan, Ibiden jumped 14.6%, while Advantest gained 3.2%, Tokyo Electron rose 1.5%, Lasertec added 1.8% and Murata Manufacturing increased 0.8%. However, investors remained cautious as Wall Street came under pressure on Wednesday. Strong US economic data and higher oil prices raised concerns about inflation and increased expectations of further Federal Reserve rate hikes, pushing the US dollar and Treasury yields higher. Investors also continued to watch US-China trade talks for signs of potential new agreements. First Published: Sep 24 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US Treasury Secretary Scott Bessent said the US and China had agreed to extend the trade truce by two months, although China has not officially confirmed the agreement. The extension is also shorter than the three-to-six-month period some US officials had earlier suggested. Markets remain cautious ahead of a possible Trump-Xi meeting. The talks are expected to cover areas including AI, Iran, Taiwan and broader economic ties, with both sides looking to keep relations stable. Several major stocks declined. Kweichow Moutai fell 1.14%, Foxconn Industrial Internet dropped 3.14%, China Life Insurance lost 3.03%, CATL slipped 0.3%, Zhongji Innolight fell 0.4%, and WUS Printed Circuit declined 1.16%. Chinese stock markets will remain closed from September 25 to 27 for the Mid-Autumn Festival. First Published: Sep 24 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Achieves 500% growth in projected GDV at Rs 18,000 cr over two years period Arkade Developers has completed two years as a listed company, with its upcoming project portfolio expanding from eight to 15 projects and projected gross development value (GDV) increasing more than 500% to Rs 18,000 crore, from Rs 2,800 crore in August 2024. The company made its debut on the stock exchanges in September 2024 with a Rs 410-crore initial public offering (IPO). Over the two-year period, the saleable carpet area of its upcoming projects increased more than 500% to 57 lakh sq ft, while the total plot area grew more than 300% to 1.75 lakh sq m. Average project size more than doubled to 11,660 sq m. Arkade completed five projects and delivered 708 homes during this period. Pre-sales grew at an 18% CAGR, from Rs 645 crore in FY24 to Rs 901 crore in FY26. Area sold increased at 25% CAGR to 3.15 lakh sq ft, while collections rose at 11% CAGR to Rs 728 crore. Total income grew 14% CAGR to Rs 828 crore in FY26 from Rs 636 crore in FY24, EBITDA stood at Rs 189 crore with EBITDA Margin at 23%. The company delivered this strong growth while maintaining a robust and disciplined balance sheet, with a negligible debt-to-equity ratio. Net worth surged 134% to Rs 901 crore, underscoring the company's strengthened financial foundation. The company also remained net-cash positive as on date, with liquid funds increasing 600% to Rs 102 crore. This strong liquidity position provides greater financial flexibility and supports the company's ability to pursue its growth initiatives while maintaining a prudent capital structure. First Published: Sep 24 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Buzzing stock: Raymond jumped 7%, hit new life-time high in Thursday's trade. First Published: Sep 24 2026 | 2:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Raymond jumped 7%, hit new life-time high in Thursday's trade. First Published: Sep 24 2026 | 2:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hiring intent also rises with organisational scale, with 66 per cent of large enterprises planning to expand their workforce Expansion of workforce across industries is projected at 5.4 per cent in the second half of 2026-27, led by hiring in the e-commerce and technology startups, travel and hospitality, and retail sectors, a report said on Thursday. The projection of net employment change (NEC) for the October-March period of the current fiscal year rose to 5.4 per cent from 4.7 per cent recorded in the first half, reaching the highest level in the past four half-year periods, according to staffing company TeamLease Services' latest Employment Outlook Report (EOR). "The employment growth of 5.4 per cent expected in the H2 of FY27 reflects a shift towards more targeted workforce expansion, with businesses aligning talent decisions closely with changing demand. The challenge now is to ensure that hiring plans translate into the right capabilities on the ground," TeamLease Services Senior Vice President Balasubramanian A said. This will require employers to widen talent pools, build skills faster and adopt more flexible workforce models. At the same time, the measured pace of AI adoption suggests that organisations are still finding the right balance between technology and human capability, he added. The insights in the TeamLease Services' employment outlook report are based on inputs from 1,239 employers across 23 industries and 20 cities collected between July and August 2026. Sectors leading the employment surge include e-commerce ad tech startups with 12.6 per cent NEC, followed by travel and hospitality at 12.3 per cent and retail at 10.3 per cent. Sectors such as automotive (10.1 per cent), EV and EV infrastructure (9.7 per cent) and banking (9.2 per cent) also show strong hiring intent, reflecting continued demand across digital, consumption-led and emerging sectors. Hiring intent also rises with organisational scale, with 66 per cent of large enterprises planning to expand their workforce, compared with 59 per cent of medium-sized enterprises and 53 per cent of startups, micro and small businesses. Among cities, Bengaluru leads hiring intent at 68 per cent, followed by Hyderabad at 61 per cent and Pune at 60 per cent, with Pune recording the largest gain this half-year. However, the ability to convert hiring intent into actual workforce expansion remains closely linked to talent availability. Among employers planning to grow their workforce, 72 per cent expect moderate to significant difficulty in hiring, with IT (39 per cent), sales and marketing (38 per cent), and engineering (32 per cent) emerging as the functions facing the highest anticipated hiring challenges. The average time-to-fill for roles stands at 35-45 days, with specialist and site-based positions taking longer, the report added. The report also revealed a widening gap between AI adoption and workforce-wide AI integration. While 85 per cent of employers report some level of AI or GenAI use, only 13 per cent have adoption across more than half of their workforce. This indicates that AI adoption remains broad but shallow, with organisations largely integrating AI tools into existing roles rather than undertaking extensive workforce redesign, the report added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 24 2026 | 2:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Record date is 06 October 2026 Veranda Learning Solutions has announced that it has fixed 06 October 2026, as record date for determining the shareholders eligible to receive equity shares of J.K. Shah Commerce Education (JSCEL), pursuant to the Composite Scheme of Arrangement sanctioned by the Hon'ble National Company Law Tribunal (NCLT), Chennai Bench-I. J.K. Shah Commerce Education will be led by Prof. J.K. Shah as Executive Director cum Chairman, providing strategic leadership as the company builds on its strong legacy and expands its presence in Commerce education. First Published: Sep 24 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Insurance stocks came under pressure on Thursday after the Insurance Regulatory and Development Authority of India (IRDAI) proposed changes to insurance distribution. PB Fintech crashed 32% to Rs 1,285.20. The company operates India's largest online insurance marketplace through its flagship platform, Policybazaar. Another insurance distributor, Turtlemint Fintech Solutions, slumped 20% to Rs 109.10. A foreign brokerage said IRDAI's proposed changes pose a risk to PB Fintech and Turtlemint. It estimated that a 10% cut in new-business commission rates could translate into a 10-12% decline in their earnings. Among insurance companies. HDFC Life Insurance Company fell 5.70%, while The New India Assurance Company declined 5.49%. Niva Bupa Health Insurance Company dropped 3.99%. ICICI Prudential Life Insurance Company declined 3.37%. General Insurance Corporation of India fell 1.54%. Canara HSBC Life Insurance Company declined 1.52%. Life Insurance Corporation of India slipped 0.98%. Star Health and Allied Insurance Company fell 0.56%. However, ICICI Lombard General Insurance Company rose 4.98%. Go Digit General Insurance advanced 2.86%. SBI Life Insurance Company gained 0.16%. IRDAI released its two-part consultation paper, titled "Recalibrating Economics of Insurance Distribution", on 23 September 2026. The regulator has proposed a five-year glide path to lower EoM limits. For life insurers, the proposed EoM limit would move to 15% of gross direct premium income (GDPI) within two years and 12.5% within five years. For general insurers, the limit would move to 25% within two years and 20% within five years. The regulator has also proposed shifting the calculation basis from gross written premium to domestic GDPI. IRDAI has also proposed product- and segment-specific commission limits. The proposed caps would vary based on the insurance segment, line of business, distribution channel, product complexity and the effort required to sell and service the product. For individual non-linked and linked life insurance products with a premium-payment term of 10 years or more, the proposed first-year commission cap is 20% for distribution entities and 25% for agents. For policies with a premium-payment term of less than five years, the proposed caps are 5% for distribution entities and 6.25% for agents. These are proposed maximums and not mandatory commission rates. The regulator has also proposed greater transparency around distributor remuneration. Insurers and large distribution entities would be required to disclose their commission policies and structures in simple and accessible language. The consultation paper also proposes measures to curb mis-selling. These include stronger suitability requirements and restrictions on certain volume-linked and reward-linked incentives. IRDAI has proposed changes to the insurance distribution structure. The framework would include Insurance Distribution Entities, Insurance Distribution Persons and Market Infrastructure Institutions. The regulator has also proposed Bima Sugam and a Public Insurance Registry as digital infrastructure for insurance distribution. The measures are aimed at creating more direct and transparent ways for customers to access insurance products. The consultation is open for stakeholder comments until 25 October 2026. The proposals are not final regulations and may change following the consultation process. First Published: Sep 24 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nazara Technologies Ltd is quoting at Rs 376.65, up 1.06% on the day as on 12:49 IST on the NSE. The stock is up 35% in last one year as compared to a 6.91% fall in NIFTY and a 1.4% fall in the Nifty Media index. Nazara Technologies Ltd rose for a third straight session today. The stock is quoting at Rs 376.65, up 1.06% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 1.18% on the day, quoting at 23169.85. The Sensex is at 73993.25, down 1.12%. Nazara Technologies Ltd has added around 5.21% in last one month. Meanwhile, Nifty Media index of which Nazara Technologies Ltd is a constituent, has added around 2.45% in last one month and is currently quoting at 1566.85, up 0.24% on the day. The volume in the stock stood at 15.09 lakh shares today, compared to the daily average of 17.93 lakh shares in last one month. The PE of the stock is 0 based on TTM earnings ending June 26. First Published: Sep 24 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NTPC Green Energy Ltd is quoting at Rs 95.64, up 0.23% on the day as on 12:44 IST on the NSE. The stock is down 5.98% in last one year as compared to a 6.9% jump in NIFTY and a 6.19% jump in the Nifty Energy. NTPC Green Energy Ltd is up for a fifth straight session today. The stock is quoting at Rs 95.64, up 0.23% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 1.17% on the day, quoting at 23172.65. The Sensex is at 73965.07, down 1.15%. NTPC Green Energy Ltd has gained around 4.35% in last one month. Meanwhile, Nifty Energy index of which NTPC Green Energy Ltd is a constituent, has gained around 2.28% in last one month and is currently quoting at 37759.75, down 0.85% on the day. The volume in the stock stood at 26.76 lakh shares today, compared to the daily average of 25.35 lakh shares in last one month. The PE of the stock is 203 based on TTM earnings ending June 26. First Published: Sep 24 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aeroflex Neu Ltd, EKI Energy Services Ltd, Priority Jewels Ltd and Lambodhara Textiles Ltd are among the other gainers in the BSE's 'B' group today, 24 September 2026. Aeroflex Neu Ltd, EKI Energy Services Ltd, Priority Jewels Ltd and Lambodhara Textiles Ltd are among the other gainers in the BSE's 'B' group today, 24 September 2026. Hero Motors Ltd surged 20.00% to Rs 118.21 at 24-Sep-2026 EOD IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 185.7 lakh shares were traded on the counter so far as against the average daily volumes of 171.66 lakh shares in the past one month. Aeroflex Neu Ltd soared 19.99% to Rs 81.45. The stock was the second biggest gainer in 'B' group. On the BSE, 12788 shares were traded on the counter so far as against the average daily volumes of 1169 shares in the past one month. EKI Energy Services Ltd spiked 19.99% to Rs 99.76. The stock was the third biggest gainer in 'B' group. On the BSE, 2.49 lakh shares were traded on the counter so far as against the average daily volumes of 9768 shares in the past one month. Priority Jewels Ltd spurt 17.15% to Rs 307. The stock was the fourth biggest gainer in 'B' group. On the BSE, 1.15 lakh shares were traded on the counter so far as against the average daily volumes of 67508 shares in the past one month. Lambodhara Textiles Ltd added 14.05% to Rs 138. The stock was the fifth biggest gainer in 'B' group. On the BSE, 9907 shares were traded on the counter so far as against the average daily volumes of 1408 shares in the past one month. First Published: Sep 24 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Avantel Ltd, South Indian Bank Ltd, Raymond Lifestyle Ltd and Allied Blenders & Distillers Ltd are among the other gainers in the BSE's 'A' group today, 24 September 2026. Avantel Ltd, South Indian Bank Ltd, Raymond Lifestyle Ltd and Allied Blenders & Distillers Ltd are among the other gainers in the BSE's 'A' group today, 24 September 2026. India Glycols Ltd spiked 16.63% to Rs 301.2 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.8 lakh shares were traded on the counter so far as against the average daily volumes of 46081 shares in the past one month. Avantel Ltd soared 6.06% to Rs 155. The stock was the second biggest gainer in 'A' group. On the BSE, 7.79 lakh shares were traded on the counter so far as against the average daily volumes of 99292 shares in the past one month. South Indian Bank Ltd surged 5.29% to Rs 49.57. The stock was the third biggest gainer in 'A' group. On the BSE, 31.49 lakh shares were traded on the counter so far as against the average daily volumes of 6.47 lakh shares in the past one month. Raymond Lifestyle Ltd rose 4.50% to Rs 707.9. The stock was the fourth biggest gainer in 'A' group. On the BSE, 27290 shares were traded on the counter so far as against the average daily volumes of 18450 shares in the past one month. Allied Blenders & Distillers Ltd spurt 4.49% to Rs 687. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1.38 lakh shares were traded on the counter so far as against the average daily volumes of 5.33 lakh shares in the past one month. First Published: Sep 24 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Moneyview IPO nearly fully subscribed on day 1, brokerages bullish Moneyview’s?1,091.68-crore IPO was nearly fully subscribed on the first day of bidding on Thursday, signalling strong early investor demand. The issue has also received largely positive views from brokerages, with analysts assignign a subscribe rating to the IPO. Swastika The brokerage assigned a ‘Subscribe’ rating to the stock, noting that long-term investors can consider it, supported by reasonable valuationand strong growth prospects. It added that the company’s digital platform offer a wide range of financial products. The company also has a strong network of 48 financial partners and a large customer base with over 134 million registered users. The company also has an in-house NBFC subsidiary for direct loan origination. SBI Securities The brokerage added that MVL’s digital-only, asset-light model and deep integration with 48 financial partners support scalable growth and efficient customer acquisition. During FY24-FY26, total income, operating profit and PAT grew at a compound annual growth rate of 48.1 per cent, 64.1 per cent and 19.1 per cent, respectively. “MVL’s data-driven underwriting framework has resulted in low loss rates and improving asset quality, while its large user base and diversified partnerships provide cross-selling opportunities. The company is well positioned to benefit from the structural growth in India’s digital lending market,” SBI Securities added. IPO Details Moneyview IPO is a book built issue of ?1,091.68 crores. The issue is a combination of fresh issue of 22.06 crore shares aggregating to ?750 crores and offer for sale of 10.05 crore shares aggregating to ?341.68 crores. The bidding for the Moneyview IPO opened on September 24, 2026, and will close on September 28, 2026. The allotment is expected to be finalised on September 29, 2026. The IPO has a price band of ?32 to ?34 per share. The lot size for an application is 441 shares, meaning retail investors need to invest a minimum of ?14,994 for one lot, based on the upper end of the price band. IPO bid details Moneyview IPO subscribed 0.90 times. The public issue subscribed 1.25 times in the retail category, 0.00 times in QIB, and 1.26 times in the NII category by September 24, 2026 1:52 PM First Published: Sep 24 2026 | 2:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 24 September 2026 First Published: Sep 24 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A-One Steels IPO Review: analysts suggested to subscribed for long-term. First Published: Sep 24 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 1:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BS Marketing Initiative First Published: Sep 24 2026 | 1:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
After this sale, Sturdy continues to be a subsidiary of Trancemarine and step down subsidiary of the Himadri Speciality Chemical with 65% holding of Trancemarine in Sturdy. Neither Trancemarine nor Sturdy is a material subsidiary of the Company, hence, the transaction does not result in sale or disposal of shareholding or assets of material subsidiary. First Published: Sep 24 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PSU Bank shares declined after advancing in the past trading session. At 12:25 IST, the barometer index, the S&P BSE Sensex tanked 813.01 points or 1.08% to 74,016.46. The Nifty 50 index lost 257.05 points or 1.10% to 23,188.75. In the broader market, the BSE 150 MidCap Index declined 1.21% and the BSE 250 SmallCap Index dropped 0.66%. The market breadth was weak. On the BSE, 1,519 shares rose and 2,598 shares fell. A total of 253 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 11.06% to 11.49. The Nifty 29 September 2026 futures were trading at 23,198.70 at a premium of 9.95 points as compared with the spot at 23,188.75. The Nifty option chain for the 29 September 2026 expiry showed a maximum call OI of 1.86 crore contracts at the 24,000 strike price. A maximum put OI of 1.16 crore contracts was seen at the 23,000 strike price. Buzzing Index: The Nifty PSU Bank index declined 0.91% to 8,289.70. The index jumped 1.14% in the past consecutive trading session. Indian Bank (down 1.72%), Bank of Maharashtra (down 1.71%), Bank of India (down 1.63%), Central Bank of India (down 1.23%), Union Bank of India (down 1.14%), Punjab & Sind Bank (down 1.13%), Canara Bank (down 1.05%), UCO Bank (down 0.87%), Bank of Baroda (down 0.85%) and Punjab National Bank (down 0.56%) declined. Stock in Spotlight: IOL Chemicals & Pharmaceuticals added 1.48% after the company announced that it has received registration for its product Triacetin under the applicable EU REACH framework. First Published: Sep 24 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The latest issuance would take the company's ?outstanding bonds to ?54,000 crore Indian billionaire Mukesh Ambani's Reliance Industries is set to launch the second tranche of its planned mega fundraising through the sale of rupee-denominated bonds just a couple of weeks after it ?raised shorter-tenor debt, four merchant bankers told Reuters on Thursday. The oil-to-telecom conglomerate plans to raise around ?10,000 crore ($1.04 billion) through a sale of 10-year notes at an annual coupon of 7.90 per cent. The company is set to invite bids from investors next week or the week after, according to bankers. The bankers requested anonymity as they are not authorised to speak to the media, while Reliance Industries did not immediately ?reply to a Reuters email seeking comment. "Ideally, the company would want to finish the borrowing before the central bank monetary policy decision on October 7," one of the bankers said. Two weeks ago, Reliance Industries raised ?12,000 crore through a sale of five-year papers at an annual coupon of 7.47 per cent. The raise marked the conglomerate's first rupee bond offering since November 2023, when it had raised ??20,000 crore in the largest local-currency debt sale by an Indian non-financial company at the time. Large private-sector banks are ?likely acting as arrangers for the new deal as well, and would ?be partly subscribing to these bonds, the bankers said. Relatively benign local bond yields have made such funding through this route ?cheaper compared to US dollar debt, as Treasury yields have witnessed a massive spike, the bankers added. The latest issuance would take the company's ?outstanding bonds to ?54,000 crore. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 24 2026 | 12:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 12:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Debt markets were on edge on Thursday with Japanese bonds following Treasuries lower, while Asian equities were mixed as investors weighed Wesr Asia tensions and prospects for talks between the United States and China. As Tokyo markets reopened after a three-day holiday, the benchmark 10-year Japanese government bond yield jumped to a 30-year high after a steep sell-off in the US market overnight. Oil prices eased from recent highs and the greenback held gains after Tehran's leader vowed ?to never surrender following a warning by US President Donald Trump that he could "annihilate" Iran. Market participants looked ahead to a series of central bank speeches and economic releases, including US jobless claims, for signals on future interest rate hikes. A summit between Trump and Chinese President Xi Jinping was also in focus, with hopes for progress on trade relations. "Equities are really showing some signs of creaking under the weight of ever-rising bond yields," Ray Attrill, head of FX strategy at the National Australia Bank, said on a podcast. "And in that sort of risk-off environment, it still seems to be the case that the US dollar does find safe-haven support." The MSCI Asia ex-Japan Index fell 0.94 per cent to 891.19, while Japan's Nikkei 225 rose 1.30 per cent to 65,861.04. Australian shares touched a more than three-month low, with the benchmark S&P/ASX 200 index falling 0.7 per cent, as China's blue-chip CSI300 index slipped 1.29 per cent. Xi's first trip to the US in nearly three years was not expected to deliver major breakthroughs, but ?Washington and Beijing could extend their 11-month trade truce. Treasury Secretary Scott Bessent said they had reached a deal on an extension as Trump greeted Xi personally at Joint Base Andrews in Maryland. Bond yields have climbed to multi-year highs as traders price in the likelihood of central bank hikes to contend with persistent inflation. Japan's 10-year government bond yield climbed 10.0 basis points to 3.075 per cent, a level not seen since August 1996. The US 10-year Treasury yield rose 1.1 basis points to 5.125 per cent, after reaching the highest since 2007 overnight. Central bank officials maintained a hawkish tone as rising oil prices drove inflationary pressures. Federal Reserve Governor Michael Barr said on Wednesday the central bank's recent rate hike was part of efforts to recalibrate borrowing costs and signalled more increases may be needed. Markets are anticipating speeches from other Fed officials on Thursday, including New York Fed President John ?Williams and Cleveland Fed President Beth Hammack. Geopolitical tensions kept energy prices elevated. Iranian officials communicated with US envoys at the UN General Assembly, but both sides signalled little progress toward ending the conflict. Trump reiterated threats of further escalation, while Iran's president vowed not to yield. Oil prices declined as traders paused ?to reassess supply risks tied to the Iran conflict. Brent crude slid 0.79 per cent to $102.27 a barrel and West Texas Intermediate crude fell 0.79 per cent to $91.43 a barrel. The ?dollar index, which measures the greenback against a basket of currencies, fell 0.05 per cent to 101.08, with the euro up 0.03 per cent at $1.1383. The Japanese yen rallied 0.24 per cent to 157.91 per dollar, and sterling strengthened 0.02 per cent to $1.3239. On the economic front, the US Labor Department is expected to report that initial jobless claims likely rose to ?201,000 in the week ended September 19, while continuing claims likely increased 15,000 to 1.745 million in the prior week. New home sales are forecast to edge up to 615,000 units in August from 607,000 units in July. Equity futures pointed to down markets in Europe and the US. ?The Euro Stoxx 50 futures slipped 0.35 per cent to 6,303.00, DAX futures fell 0.37 per cent to 25,514.00, and FTSE futures declined 0.34 per cent to 10,740.00. US S&P e-minis fell 0.23 per cent to 7,754.25. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 24 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Balrampur Chini Mills (BCML) has been awarded Rs 75 crore in grant assistance by the Biotechnology Industry Research Assistance Council (BIRAC) under the Department of Biotechnology (DBT), Government of India, for establishing a 100 TPA PLA Co Polymer R&D Facility under the Government's flagship BioE3 (Biotechnology for Economy, Environment & Employment) initiative. The grant will accelerate the development of advanced bio based materials, strengthen India's indigenous biomanufacturing capabilities and reinforce the country's ambition to emerge as a global bioeconomy powerhouse. The pilot-scale R&D facility will be established at BCML's integrated manufacturing complex in Kumbhi, Uttar Pradesh, where the company is also setting up India's first integrated commercial PLA manufacturing facility. The new facility will serve as the innovation engine for developing next-generation PLA grades and Co-polymers, enabling rapid product development, technology indigenisation, customer validation and seamless scale-up to commercial production. First Published: Sep 24 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At its Menesar facility Maruti Suzuki India announced the commissioning of 300 kW Green Hydrogen (GH electrolyzer plant, set up as pilot, at its Manesar facility. The Green Hydrogen produced is blended with natural gas to be utilized as process fuel in the Companys manufacturing operations. The Green Hydrogen plant helps maximise the utilisation of solar energy generated at the Company's Manesar facility. Solar energy produced during holidays, which would otherwise remain unutilised, is used to generate Green Hydrogen. The hydrogen is stored and subsequently used in manufacturing operations. Based on the learnings from this pilot project, the Company plans to scale up the adoption of green hydrogen technology across its manufacturing facilities in Haryana and Gujarat. Drawing inspiration from the parent company Suzuki Motor Corporations (SMC) core philosophy of Sho-Sho-Kei-Tan-Bi, which translates to smaller, fewer, lighter, shorter and more beautiful, Maruti Suzuki continues to improve resource efficiency and optimise energy requirements. First Published: Sep 24 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Sonaselection India were currently trading at Rs 107.09 at 10:16 IST on the BSE, representing a premium of 8.17% as compared with the issue price of Rs 99. The stock debuted at Rs 102 on the BSE, a premium of 3.03% over its issue price. So far, the stock has hit a high of Rs 107.09 and a low of Rs 102. On the BSE, over 2.38 lakh shares of the company were traded in the counter so far. Sonaselection India was subscribed 2.01 times. The issue opened for bidding on 17 September 2026 and closed on 21 September 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. The IPO is entirely a fresh issue of shares worth Rs 141.57 crore at upper price band of Rs 99. There is no OFS component. At the upper end of the price band, the company is expected to be valued at Rs 562.6 crore post listing. The funds raised to the tune of Rs 80.0 crore will be used towards repaying certain borrowings; Rs 50.61 crore will be utilized towards funding of capital expenditure towards purchase of plant and machinery. The company has an installed capacity of 82.44 million meters per annum for fabric manufacturing and capacity utilization stood at 82.71% in FY2026. The CAPEX is primarily to modernize the plant and there will not be any increment in the overall production capacity of the company pursuant to the installation of the proposed machinery. The balance is towards general corporate purposes. Sonaselection India is an integrated fabric manufacturing and processing company based in Bhilwara, Rajasthan, engaged in manufacturing value-added textile products including 100% cotton, cotton lycra, cotton blends and polyester blends. The company operates a manufacturing facility spread across approximately 49,540 sq. metres with an installed processing capacity of 82.44 million metres per annum, undertaking processes such as bleaching, dyeing and finishing. It follows an integrated operating model combining own manufacturing and job-work processing and has a 1.20 MW rooftop solar plant for captive consumption. The company has also diversified into readymade garments through its subsidiary incorporated in July 2025. Ahead of the IPO, Sonaselection India on Wednesday, 16 August 2026, raised Rs 42.47 crore from anchor investors. The board allotted 42.90 lakh shares at Rs 99 each to 3 anchor investors. The firm reported a consolidated net profit of Rs 34.02 crore and sales of Rs 516.95 crore for the twelve months ended on 31 March 2026. First Published: Sep 24 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 12:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Poonam Gupta, Deputy Governor, Reserve Bank of India has stated that India has perhaps been among the most challenged emerging market economies over past year and a half. Whereas most other countries were subject to only a subset of these shocks, India has been subjected to each one of these shocks -simultaneously and cumulatively. On trade, it had faced among the highest tariffs rates the US had imposed on any partner country and an acute policy uncertainty. As a large net oil importer, it has been particularly exposed to the oil supply disruptions and price shocks. Agriculture being a significant part of the economy, and sensitive to rainfall, El Niño is somewhat of a risk to the sector this year. Unlike in many other countries, AI has not yet been a boon. However, she noted that the economy has emerged from these shocks largely unscathed and its strength is manifested in India's growth being the highest among peers, inflation anchored, fiscal outcome on a consolidation path and a financial sector that is more resilient than ever. Gupta highlighted that all in all, the Indian economy has done exceptionally well, notwithstanding the multiple shocks it has faced. It is advancing ahead on a resilient growth equilibrium of 7 percent plus, that is spatially broad-based; sectorally diversified; and underpinned by rising productivity. There does remain some disconnect between this real economy narrative and parts of the financial markets, attributable in good measure to the pull of short-term returns in competing markets. This should however correct soon, she noted. Policymakers will continue to hold the fort until then and beyond, working to secure faster and more stable growth. First Published: Sep 24 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SpectraA Technology Solutions traded at Rs 235.40 on the NSE, up 99.49% from its issue price of Rs 118. The stock hit a high of Rs 235.40 and a low of Rs 224.20. About 16.19 lakh shares changed hands on the NSE. SpectraA Technology Solutions' IPO was subscribed 282.62 times during the subscription period from 17 September 2026 to 21 September 2026. The price band was set at Rs 112 to Rs 118 per share. The IPO comprised a fresh issue of 22.30 lakh equity shares and an offer for sale (OFS) of 3.48 lakh shares. The company plans to use the IPO proceeds for capital expenditure at its Jaipur manufacturing facility, repayment of term loans, working capital requirements, general corporate purposes and offer expenses. The company allotted 10.24 lakh equity shares to five anchor investors at Rs 118 per share. SpectraA Technology Solutions provides engineering, designing, fabrication, installation, commissioning and decommissioning services for greenfield and brownfield projects. Its operations span industries including breweries, distilleries, food and beverages, malt, spirit and blending, extraction plants, FMCG and pharmaceuticals. As of 31 August 2026, the company had 79 employees. Commercial brewery equipment contributed 68.14% of revenue from operations, while distillery equipment accounted for 11.66% in FY26. As of 25 August 2026, the company's order book stood at Rs 81.29 crore, excluding GST. The company recorded revenue from operations of Rs 101.16 crore and net profit of Rs 11.55 crore for the financial year ended 31 March 2026. First Published: Sep 24 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 11:30 IST, the barometer index, the S&P BSE Sensex, tanked 687.83 points or 0.92% to 74,155.56. The Nifty 50 index lost 231.90 points or 0.99% to 23,215.20. In the broader market, the BSE 150 MidCap Index fell 1.08% and the BSE 250 SmallCap Index shed 0.46%. The market breadth was negative. On the BSE, 1,530 shares rose and 2,464 shares fell. A total of 255 shares were unchanged. Initial Public Offer (IPO): A-One Steels India received bids for 9,73,100 shares as against 73,84,934 shares on offer, according to stock exchange data at 11:25 IST on 24 September 2026. The issue was subscribed 0.13 times. The issue opened for bidding on 24 September 2026 and will close on 28 September 2026. The price band of the IPO is fixed between Rs 385 and 405 per share. An investor can bid for a minimum of 37 equity shares and multiples thereof. Moneyview received bids for 7,05,91,311 shares as against 23,25,24,175 shares on offer, according to stock exchange data at 11:25 IST on 24 September 2026. The issue was subscribed 0.30 times. The issue opened for bidding on 24 September 2026 and will close on 28 September 2026. The price band of the IPO is fixed between Rs 32 and 34 per share. An investor can bid for a minimum of 441 equity shares and multiples thereof. Elevate Campuses received bids for 71,18,092 shares as against 3,36,73,468 shares on offer, according to stock exchange data at 11:25 IST on 24 September 2026. The issue was subscribed 0.21 times. The issue opened for bidding on 23 September 2026 and will close on 25 September 2026. The price band of the IPO is fixed between Rs 343 and 362 per share. An investor can bid for a minimum of 41 equity shares and multiples thereof. Adroit Industries (India) received bids for 6,92,44,353 shares as against 78,72,900 shares on offer, according to stock exchange data at 11:25 IST on 24 September 2026. The issue was subscribed 8.80 times. The issue opened for bidding on 23 September 2026 and will close on 25 September 2026. The price band of the IPO is fixed between Rs 126 and 134 per share. An investor can bid for a minimum of 111 equity shares and multiples thereof. Swastika Infra received bids for 73,58,121 shares as against 63,35,001 shares on offer, according to stock exchange data at 11:25 IST on 24 September 2026. The issue was subscribed 1.16 times. The issue opened for bidding on 23 September 2026 and will close on 25 September 2026. The price band of the IPO is fixed between Rs 175 and 185 per share. An investor can bid for a minimum of 81 equity shares and multiples thereof. ArMee Infotech received bids for 55,82,160 shares as against 74,30,356 shares on offer, according to stock exchange data at 11:25 IST on 24 September 2026. The issue was subscribed 0.75 times. The issue opened for bidding on 23 September 2026 and will close on 25 September 2026. The price band of the IPO is fixed between Rs 350 and 375 per share. An investor can bid for a minimum of 40 equity shares and multiples thereof. Varmora Granito received bids for 1,19,08,405 shares as against 3,39,02,899 shares on offer, according to stock exchange data at 11:25 IST on 24 September 2026. The issue was subscribed 0.35 times. The issue opened for bidding on 22 September 2026 and will close on 24 September 2026. The price band of the IPO is fixed between Rs 140 and 148 per share. An investor can bid for a minimum of 101 equity shares and multiples thereof. Buzzing Index: The Nifty Metal index fell 1.07% to 13,159.50. The index fell 2.54% in the past two trading sessions. Hindalco Industries (down 1.93%), Hindustan Copper (down 1.82%), Adani Enterprises (down 1.42%), Vedanta (down 1.4%), Lloyds Metals & Energy (down 1.37%), Jindal Steel (down 1.15%), JSW Steel (down 1%), National Aluminium Company (down 0.94%), Tata Steel (down 0.55%) and Jindal Stainless (down 0.54%) fell. Global Markets: US Dow Jones index futures were down 113 points on Thursday, pointing to a lower opening for US stocks. Asian markets traded mostly lower, tracking overnight losses on Wall Street as a sharp rise in US Treasury yields heightened concerns over inflation and interest rates. The 10-year US Treasury yield rose to around 5.11%, its highest level since 2007 and its biggest one-day increase since the market turmoil triggered by US President Donald Trump's April 2025 tariff announcement. Stronger-than-expected US economic data and weak demand at a $70 billion five-year Treasury auction contributed to the rise in yields. The US private-sector output expanded at its fastest pace in more than five years in September, while price pressures also increased. The S&P Global Flash US Composite PMI rose to 58.4 in September from 56.0 in August, marking its highest level in more than five years. The rise in Treasury yields increased market expectations of another Federal Reserve interest rate hike and put pressure on global bond markets. Oil prices remained elevated after Brent crude jumped nearly 4% on Wednesday to settle at $103.08 a barrel, ending a five-day losing streak. The dollar remained close to its strongest level since late July as investors assessed the changing interest-rate outlook and continued to monitor developments in energy markets. Wall Street indexes fell on Wednesday as the surge in Treasury yields weighed on equities. The Nasdaq Composite fell 1.1% after posting back-to-back record closes earlier in the week. The Dow Jones Industrial Average declined 0.7%, while the S&P 500 fell 0.8%. Chinese President Xi Jinping arrived in Washington on Wednesday for a three-day state visit and was welcomed by US President Donald Trump. The two leaders are scheduled to hold talks on Thursday, with trade and artificial intelligence among the issues in focus. US Treasury Secretary Scott Bessent met Chinese Vice Premier He Lifeng ahead of the summit and said Washington and Beijing had agreed to extend their trade truce by two months, to 10 January 2027. First Published: Sep 24 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hero Motors rallied another 19% a day after its debut. First Published: Sep 24 2026 | 11:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank of India (RBI) absorbed 75,026 crore rupees from the banking system through an overnight Variable Rate Reverse Repo (VRRR) auction, amid surplus liquidity. The RBI absorbed the liquidity at a cut-off and weighted average rate of 5.24 per cent. According to RBI data, as on 22nd September, liquidity in the banking system was in surplus of 4.45 trillion rupees. The RBI has been conducting VRRR auctions to absorb excess liquidity and align overnight money market rates with the repo rate. The central bank has also conducted open market operations (OMO) sales of government securities worth 50,000 crore rupees on 17th September and 25,000 crore rupees on 21st September. The remaining 25,000 crore rupees tranche is scheduled for 28th September. The RBI had announced total OMO sales of one trillion rupees in three tranches to manage liquidity conditions. First Published: Sep 24 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IOL Chemicals & Pharmaceuticals added 1.48% to Rs 209.55 after the company announced that it has received registration for its product Triacetin under the applicable EU REACH framework. The registration enables the company to export its product, Triacetin in European markets. The registration further supports the companys regulatory compliance and access to the European market. IOL Chemicals & Pharmaceuticals is engaged in the manufacture of active pharmaceutical ingredients (APIs) and specialty chemicals. Its API portfolio caters to major therapeutic categories, including pain management, anti-convulsants, anti-diabetes, anti-cholesterol and anti-platelets. The companys consolidated net profit jumped 89.8% to Rs 64.40 crore in Q1 FY27, compared with Rs 33.93 crore in Q1 FY26. Revenue from operations increased 37.08% YoY to Rs 756.26 crore in Q1 FY27. First Published: Sep 24 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 11:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kheria Autocomp traded at Rs 104.30 on the NSE, up 3.27% from its issue price of Rs 101. The stock hit a high of Rs 106.50 and a low of Rs 101.10. About 9.60 lakh shares changed hands on the NSE. Kheria Autocomp's IPO was subscribed 2.37 times during 17 September 2026 to 21 September 2026. The price band was set at Rs 96 to Rs 101 per share. The IPO comprised a fresh issue of 32.88 lakh equity shares. The company plans to use the proceeds to partly fund capital expenditure for setting up a new manufacturing facility for plastic moulded auto components at GIDC Sanand Industrial Park and for general corporate purposes. The company had allotted 13.10 lakh equity shares to eight anchor investors at Rs 101 per share. Kheria Autocomp is an auto ancillary company engaged in plastic injection moulding. It manufactures plastic injection moulding sub-assemblies primarily for the automotive sector. The company operates as a Tier-II supplier and produces moulded plastic components according to specifications provided by Tier-I vendors. Its product portfolio includes interior cabin trims, exterior plastic parts, under-hood components and heating, ventilation and air-conditioning (HVAC) ducts. The products are supplied for both internal combustion engine and electric vehicles. As of 30 June 2026, the company had 119 permanent employees. Kheria Autocomp reported revenue from operations of Rs 120.01 crore and net profit of Rs 11.42 crore for the financial year ended 31 March 2026. First Published: Sep 24 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Godrej Consumer Products Ltd registered volume of 102.43 lakh shares by 10:45 IST on BSE, a 94.02 fold spurt over two-week average daily volume of 1.09 lakh shares City Union Bank Ltd, Max Financial Services Ltd, 360 ONE WAM Ltd, ICICI Prudential Life Insurance Company Ltd are among the other stocks to see a surge in volumes on BSE today, 24 September 2026. Godrej Consumer Products Ltd registered volume of 102.43 lakh shares by 10:45 IST on BSE, a 94.02 fold spurt over two-week average daily volume of 1.09 lakh shares. The stock slipped 0.33% to Rs.877.10. Volumes stood at 96393 shares in the last session. City Union Bank Ltd witnessed volume of 16.65 lakh shares by 10:45 IST on BSE, a 14.78 times surge over two-week average daily volume of 1.13 lakh shares. The stock increased 0.24% to Rs.226.00. Volumes stood at 62984 shares in the last session. Max Financial Services Ltd notched up volume of 1.9 lakh shares by 10:45 IST on BSE, a 10.51 fold spurt over two-week average daily volume of 18082 shares. The stock slipped 11.31% to Rs.1,379.70. Volumes stood at 37758 shares in the last session. 360 ONE WAM Ltd witnessed volume of 9.6 lakh shares by 10:45 IST on BSE, a 10.25 times surge over two-week average daily volume of 93657 shares. The stock dropped 1.16% to Rs.1,094.00. Volumes stood at 82317 shares in the last session. ICICI Prudential Life Insurance Company Ltd registered volume of 4.87 lakh shares by 10:45 IST on BSE, a 9.82 fold spurt over two-week average daily volume of 49536 shares. The stock slipped 3.56% to Rs.467.75. Volumes stood at 31451 shares in the last session. First Published: Sep 24 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tech view on IFCI and New India Assurance shares by SAMCO Securities and YES Securities. First Published: Sep 24 2026 | 11:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharat Dynamics, BDL First Published: Sep 24 2026 | 11:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NSE became the 10th most valued firm on BSE post listing on Thursday.. First Published: Sep 24 2026 | 10:53 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
When Iran shut down the Strait of Hormuz at the start of the war, choking off sea passage for some 15 million barrels of oil a day, many feared that prices would skyrocket, cratering the world economy. Instead, nearly seven months on, oil is expensive but not exorbitant, and analysts say the supply is pretty much sufficient to meet current global needs, even as the higher prices cause political problems for US President Donald Trump and others. That's because Saudi Arabia and other Gulf producers quickly found alternative routes and reached for unused pipeline capacity. When Iran and its militant allies targeted those, the oil exporters and the US military found others - workarounds for the workarounds - in an often clandestine game of whack-a-mole. With oil now at around $100 a barrel - higher than before the war but not as bad as feared - Iran has diminished leverage, while a US naval blockade and tightened sanctions smother its own economy. But the workarounds are expensive and may not be sustainable. The drawing down of existing commercial oil stocks - especially by China - has also helped keep prices in check, but cannot continue indefinitely. And Iran could yet gain an edge with continued attacks on key oil facilities. Pipeline backups were ready Iran began attacking ships in the Strait of Hormuz in response to the US-Israeli bombardment that started the war. In response, the Saudis turned to their East-West pipeline that carries oil to their Red Sea port of Yanbu. From there, tankers headed out through the Bab el-Mandeb Strait toward Asia. Likewise, the United Arab Emirates used its pipeline cutting across neighboring Oman to Fujairah - a route that skirts the strait. Both pipelines had spare capacity, and the UAE's state oil company ADNOC and Saudi Aramco used it to keep exports from collapsing completely during the first weeks of the war. Meanwhile, some oil leaked out of the Strait of Hormuz. In May, ship operators willing to risk Iranian attack started taking advantage of a US-supervised route near Oman, defying Iran's demands to use its own vetted route. They shuttled back and forth at night with location systems and mobile phones turned off, and offloaded to tankers waiting outside the strait. Flows from Kuwait, Iraq, and the UAE started to rise again. But Iranian-backed Houthi rebels in Yemen disrupted the Yanbu workaround in July by declaring a blockade of Saudi oil shipments, threatening the Bab el-Mandeb - a repeat of the Hormuz disruption. In response, the Saudis redirected Asia shipments northwest to the Mediterranean, either through the Suez Canal or - for tankers too big to use it - a pipeline across Egypt to another tanker. The oil then made a huge detour as it was shipped around Africa and back to Asia. Then the East-West pipeline was attacked earlier this month and forced to shut down, potentially for weeks. The Saudis shift to the US-protected dark shuttle through Hormuz With oil loading halted at Yanbu from Sept. 11, the Saudis shifted again, joining other Gulf producers sending oil through the US-guided corridor in the Strait of Hormuz. On Monday, six supertankers loaded 12 million barrels at Saudi terminals on the Persian Gulf, according to shipping data company Kpler. US officials have touted the role of the southern corridor in keeping energy flowing while their blockade increases pressure on Iran. Adm. Brad Cooper, head of US Central Command, said in a video on social media Saturday that US forces had assisted 2,000 commercial ship transits and the transport of more than 1 billion barrels of oil from Gulf partner nations over "the past couple of months." Analysts estimate some 6 million barrels of oil per day or more have been passing through the Strait of Hormuz on the dark shuttle route on average - some 40 per cent or more of prewar flows. The workarounds keep the economy supplied, for now Rahul Choudhary, vice president of upstream research at energy data firm Rystad Energy, did the math as follows: with 6 million or 7 million barrels per day now flowing through the southern route, plus 2 million barrels through the pipeline to Fujairah, fully 8 million or so of the blocked 15 million barrels per day from before the war have been restored. That still leaves roughly 7 million barrels per day missing from prewar flows. But wait: about 3.5 million barrels per day are being drawn down from the globe's abundant oil inventories. Meanwhile, demand has fallen by perhaps another 5 million barrels per day, due to the higher price and sluggish economic growth in key markets. Add in 500,000 to 700,000 barrels per day from other suppliers such as the US, and that pretty much evens out the global oil market. "Our take is that the market is very tightly balanced," Choudhary said. "That is why you are not seeing exceptionally high prices for crude; they are still in the $100 range, and they have not touched $140-$150 per barrel - which could have been the case if there was a deficit of 5-6 million barrels." In fact, Rystad foresees oil at $85-$90 per barrel in the last three months of the year, and falling to $80-$82 next year if Hormuz is reopened. But the workarounds are costly - and not a permanent fix The workarounds are time-consuming and expensive. Sending oil to Asia through the Suez Canal instead of the Red Sea can add as much as a month to the voyage. Meanwhile the Hormuz shuttle trade involves expensive tankers waiting at least a day and a half in the Gulf of Oman for the ship-to-ship transfer. The demand for supertankers has sent charter rates - normally $30,000 to $50,000 per day - through the roof. Spot charter rates for Hormuz transits reached $1 million per day on Sept. 11, according to maritime data company Windward, equivalent to roughly $26 per barrel. That means shipping is a quarter of the cost, instead of the usual 1 per cent to 3 per cent. And markets are braced for further disruption. The attack on the East-West pipeline has shown pipelines can be vulnerable. Iran could try to disrupt the US route through the Strait of Hormuz or target areas near the Omani coast where the ship-to-ship transfers are taking place. If that happens, the workaround would be to do the transfers farther away - taking more time and running up even bigger bills. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 24 2026 | 10:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Genesys International Corporation rose 3.91% to Rs 292.15 after the company announced that it had secured a Rs 283 crore World Bank-funded contract to develop a 3D digital map and spatial intelligence platform for Ahmedabad. The project is part of the Gujarat Resilient Cities Partnership programme and aims to create a unified digital foundation for urban planning, infrastructure management and civic service delivery. It is expected to be completed over two-and-a-half years, followed by five years of operation and maintenance. The project will cover around 625 sq km of Ahmedabad and digitally map land parcels, properties, roads, water networks, sewerage systems, stormwater drainage infrastructure and other civic assets. Around 25 lakh properties will be surveyed, geocoded and assigned unique digital identities, the company said. The initiative will include mapping underground civic infrastructure, including water supply, sewerage, stormwater drainage and cable networks, along with their location and depth. The data will be integrated into a central GIS database for access by municipal departments. The company said the unified platform is expected to support coordination among civic departments and assist infrastructure planning and maintenance. Genesys International Corporation provides advanced mapping and geospatial technology solutions for enterprise and government applications. On a consolidated basis, Genesys International Corporation's net profit declined 25.14% to Rs 5.33 crore while net sales rose 14.80% to Rs 81.36 crore in Q1 June 2026 over Q1 June 2025. First Published: Sep 24 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 10:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Avantel's stock price soared 9% in Thursday's trade. First Published: Sep 24 2026 | 10:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Sep 24 2026 | 10:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Insurance related stocks crashed up to 20% in Thursday's trade after Irdai's new proposals. (Illustration: Binay Sinha) First Published: Sep 24 2026 | 10:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee ended Wednesday's session 11 paise lower at 95.73 against the US dollar, a day after appreciating 16 paise The rupee stayed weak, sliding 11 paise to 95.84 against the US dollar in early trade on Thursday, as geopolitical uncertainties led to a sharp surge in crude oil prices and pushed US bond yields as well as the greenback higher. Forex traders said the inflow of foreign capital failed to support the local currency due to the selling pressure in the domestic equity market and a strengthening American currency. At the interbank foreign exchange market, the rupee opened at 95.84 against the American currency and stayed under pressure, registering a loss of 11 paise from its previous closing level. The rupee ended Wednesday's session 11 paise lower at 95.73 against the US dollar, a day after appreciating 16 paise. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, traded at 100.87, up 0.06 per cent. Brent crude futures, the global oil benchmark, were trading lower by 0.97 per cent but remained elevated at $102.08 per barrel compared to the roughly $72 per barrel level from late February before the Iran war. According to analysts, oil prices that began stabilising in the last few sessions rose again past $100 a barrel due to a lack of diplomatic progress over the West Asia peace after the US and Iranian officials met on the sidelines of the UN General Assembly in New York. President Donald Trump, during an address to the annual gathering, threatened that the US might "annihilate" the Islamic Republic if a deal couldn't be made. On the domestic equity market front, Sensex declined 506.43 points or 0.68 per cent to 74,321.82, while the Nifty fell 181.00 points or 0.77 per cent to 23,266.15. Foreign Institutional Investors (FIIs) purchased equities worth ?1,617.45 crore on a net basis on Wednesday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 24 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee fell sharply on Thursday morning in Asia as oil prices surged back following tensions between the US and Iran at the United Nations General Assembly (UNGA) after Trump stated that Iran faces a choice of diplomacy or total destruction. Iranian President Masoud Pezeshkian too maintained a firm stance, saying Tehran would not allow freedom of navigation through the Strait of Hormuz while sanctions and a US blockade remain in place. INR opened at Rs 95.84 per dollar and hit a low of 95.87 so far during the day. Indian shares are seen opening lower on Thursday after oil prices rose sharply overnight and U.S. bond yields jumped to their highest levels in nearly two decades, raising the possibility of another interest-rate hike from the Federal Reserve this year. The Nifty 50 opened at 23,221.80 and is currently trading around 23,225.95, down nearly 1%. Meanwhile, the BSE Sensex slid over 600 points from its previous close, currently trading near 74,187.70. First Published: Sep 24 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The long-term rating on the company's bank loan facilities has been upgraded by two notches, from IVR BBB-/Stable to IVR BBB+/Stable, and the short-term rating has been upgraded from IVR A3 to IVR A2. Alongside the upgrade, the rated bank facilities have been enhanced from Rs 200 crore to Rs 359.63 crore. I nfomerics has also upgraded by two notches the rating on the company's Rs 198.56 crore listed Non Convertible Debentures from IVR BBB-/Stable to IVR BBB+/Stable, taking the total rated quantum to Rs 558.19 crore. First Published: Sep 24 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices edged lower on Thursday, after climbing 4 per cent in the previous session, as Iran said it remained open to diplomacy to end the US-Iran war, though the two countries remain far apart on ways to do so. Brent crude futures fell 94 cents, or 0.9 per cent, to $102.13 ?a barrel, while West Texas Intermediate futures eased 59 cents, or 0.7 per cent, to $91.56. Iran and the United States remain divided over how to bring an end to their war, but diplomacy must continue, a senior Iranian official told Reuters on Wednesday, after Iran's president told the UN General Assembly that Tehran would never surrender to US pressure. Tehran was reviewing Washington's response to its peace proposals, which prioritise lifting a US naval blockade on Iranian ports and reopening the Strait of Hormuz, the official said. A reopening of the Strait of Hormuz and lifting of Washington's naval blockade on Iran ?were discussed during indirect talks on Tuesday, the official said. Earlier on Wednesday, Iran's security chief Mohsen Rezaei said the Strait of Hormuz would not be reopened while Iran's conditions are not met. US Secretary of State Marco Rubio told reporters on Wednesday that a deal with Iran would involve hard work over a period of time, adding that Trump also had military options. Traders also evaluated possible curbs on diesel exports. Ultra-low-sulfur diesel futures were down about 5 per cent in midday trading after website Politico said the Trump administration was preparing plans for a 90-day ?diesel ban, but the White House denied this. However, Bloomberg reported later in the day, citing sources, that Energy Secretary Chris Wright told oil industry leaders to brace for possible US ?curbs on diesel exports in calls late Tuesday. Wright had said earlier on Wednesday that a diesel ?export ban would not work even though US President Donald Trump said he would support it. Analysts and market watchers have warned that such a move would do little ?to ease high energy prices and could worsen global supplies and further disrupt economies. Meanwhile, US crude inventories rose by 3 million barrels to 426.4 million barrels last week, the Energy ?Information Administration said. Analysts polled by Reuters had expected a 641,000-barrel draw. Fuel stocks fell. [EIA/S] (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 24 2026 | 8:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: NSE, Exide Industries, Welspun Living, Max Estates, GHCL Stocks to watch: GIFT Nifty trends are indicating a weak start for benchmark indices today, despite a marginal dip in oil prices. As of 7:45 AM, GIFT Nifty was down 213 points or 0.91 per cent at 23,232.5 Meanwhile, other Asian stocks tarded mixed, Japan's Nikkei 225 was up 1.39 per cent, Hong Kong’s Hang Seng was down 0.36 per cent, while Australia's ASX 200 also fell 0.99 per cent. South Korea's Kospi was closed for trading on Thursday. Overnight, the US stock market ended lower on Wednesday, weighed down by a sharp rise in Treasury yields and crude oil prices. The 10-year US Treasury yield surged 15 basis points to 5.11 per cent, its highest level in 19 years. In commodities, oil prices fell marginally; Brent crude futures fell 0.54 per cent to $102.5 a barrel, while US WTI declined 0.28 per cent to $91.90 a barrel. CHECK Stock Market LIVE Updates Stocks to Watch National Stock Exchange: NSE’s shares will mark their stock market debut on BSE today, after the IPO was subscribed 5.71 times in the three-day bidding process. IOL Chemicals and Pharmaceuticals: Received EU-REACH registration from ECHA for Triacetin, enabling exports across EU markets and strengthening regulatory compliance and market access. Exide Industries: Material subsidiary Exide Energy Solutions commissioned Phase-I of its 6 GWh lithium-ion cell manufacturing facility in Bengaluru, targeting mobility and energy-storage applications. Motilal Oswal Financial Services: SEBI granted a custodian licence to wholly owned subsidiary Motilal Oswal Custodial Services to act as a Custodian of Securities. Welspun Living: Fidelity Blue Chip Growth Fund bought 1.30 crore shares worth ?279.10 crore, while Welspun Group Master Trust sold 2.45 crore shares worth ?525.88 crore. Avantel: Received a ?177.35 crore purchase order from Zetwerk Manufacturing Businesses for the supply of satellite communication equipment. Max Estates: Entered into a binding MoU for a proposed JDA for 9.76 acres in Ghaziabad, with 1.5 million sq. ft. development potential and estimated GDV of ?2,500–3,000 crore, subject to approvals and due diligence. GHCL: Declared Preferred Bidder in Gujarat government’s e-auction for a composite licence for the Kadaya limestone block in Junagadh, with estimated reserves of 5.67 lakh tonnes. PB Fintech: IRDAI proposed a major overhaul of the insurance distribution framework. BDL: Signed a ?810.79 crore contract with the Ministry of Defence for supplying SAT-SAAW and associated equipment to the Indian Air Force under the Buy (Indian–IDDM) category. First Published: Sep 24 2026 | 8:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 7:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy today: Ajit Mishra recommends MCX and Apollo Hospitals. First Published: Sep 24 2026 | 7:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market outlook, stock ideas on Thursday by Jatin Gedia of Teji Mandi. First Published: Sep 24 2026 | 7:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 24 2026 | 7:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Anand Vardarajan, CEO and MD, Tata Asset Management This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 24 2026 | 12:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 24 2026 | 12:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Electrical products maker PM Cona Industries Ltd has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth up to Rs 120 crore and an offer for sale (OFS) of 45 lakh equity shares by promoter Prakash Naraindas Motwani, according to the draft red herring prospectus (DRHP) filed on Tuesday. The company plans to use the proceeds from the fresh issue for capital expenditure, including purchase of plant, equipment and machinery, setting up 50 new display showrooms, brand building and marketing initiatives, and general corporate purposes. Mumbai-based PM Cona Industries is an established manufacturer of electrical products, primarily catering to the low-voltage electrical equipment market for domestic and commercial applications. The company manufactures fast-moving electrical goods and wires under the 'PM CONA' brand. The equity shares are proposed to be listed on BSE and NSE. Valmiki Leela Capital is the book-running lead manager to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 23 2026 | 9:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Temasek takes minority stake in medical devices maker Romsons Group. First Published: Sep 23 2026 | 8:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 23 2026 | 8:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 23 2026 | 8:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NTPC paid dividend of Rs 3,392.83 cr to its shareholders for FY26 State-owned NTPC has paid a final dividend of Rs 3,393.83 crore to its shareholders for FY26. With this, the total dividend paid for FY26 amounts to Rs 8,727 crore, equivalent to Rs 9.00 per equity share of face value Rs 10 each, the power giant said in a statement. NTPC said it has "paid final dividend of Rs 3,393.83 crore on 23 September, representing 35 per cent of the company's paid-up equity share capital". This is in addition to the first and second interim dividends for FY26 of Rs 2,666.58 crore each, paid in November 2025 and February 2026, respectively. Under the Ministry of Power, NTPC is India's largest power generation company, catering to the country's one-fourth demand with an installed capacity of over 91,000 megawatt. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 23 2026 | 8:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NTPC paid dividend of Rs 3,392.83 cr to its shareholders for FY26 State-owned NTPC has paid a final dividend of Rs 3,393.83 crore to its shareholders for FY26. With this, the total dividend paid for FY26 amounts to Rs 8,727 crore, equivalent to Rs 9.00 per equity share of face value Rs 10 each, the power giant said in a statement. NTPC said it has "paid final dividend of Rs 3,393.83 crore on 23 September, representing 35 per cent of the company's paid-up equity share capital". This is in addition to the first and second interim dividends for FY26 of Rs 2,666.58 crore each, paid in November 2025 and February 2026, respectively. Under the Ministry of Power, NTPC is India's largest power generation company, catering to the country's one-fourth demand with an installed capacity of over 91,000 megawatt. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 23 2026 | 8:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 23 2026 | 8:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 23 2026 | 8:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Motilal Oswal Custodial Services (MOCSPL), a wholly owned subsidiary of Motilal Oswal Financial Services (MOFSL), has received approval from the Securities and Exchange Board of India to act as a Custodian of Securities under the SEBI (Custodian) Regulations, 1996. This approval allows the company to offer safekeeping of securities, trade settlement, corporate action processing, and regulatory reporting of institutional clients, including, alternative investment funds, portfolio management services, mutual funds, insurance companies and pension funds, amongst others. First Published: Sep 23 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pyramid Technoplast has received an amended Consolidated Consent and Authorisation (CCA) from the Gujarat Pollution Control Board (GPCB), enabling the Company to receive, collect, store, transport and recycle industrial packaging waste generated by other companies, including empty barrels, containers and liners contaminated with hazardous chemicals/wastes. Under the amended authorisation, the Company is permitted to handle and recycle up to 960 MT of such waste annually, creating an opportunity to expand its recycling operations by serving third-party industrial customers and providing an end-to-end solution for responsible packaging waste management. The authorisation also permits the Company to manufacture up to 9,000 cleaned barrels/drums and containers per month for industrial use or granules, complementing its existing 1,000 MT per month capacity for plastic re-processed granules. This development strengthens Pyramid Technoplast's integrated industrial packaging platform by extending its capabilities beyond manufacturing to collection, recycling, reprocessing and reuse of industrial packaging waste. The initiative is aligned with the Company's focus on building a more circular and resource-efficient packaging ecosystem. With this expanded authorisation, Pyramid Technoplast can further scale its third-party recycling platform, strengthen customer relationships and contribute to the recovery and reuse of industrial packaging materials. First Published: Sep 23 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In April this year, Accenture had leased 165,000 square feet of office space in Noida’s ACE Capitol Tower 2 from NCR-based Onward Coworkx, with a total rent of ?195 crore to be paid over a period of five years First Published: Sep 23 2026 | 7:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In April this year, Accenture had leased 165,000 square feet of office space in Noida’s ACE Capitol Tower 2 from NCR-based Onward Coworkx, with a total rent of ?195 crore to be paid over a period of five years First Published: Sep 23 2026 | 7:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jagsonpal Pharmaceuticals has entered into a Business Transfer Agreement (BTA) with Group Pharmaceuticals (Seller) on 23 September 2026, for acquisition of the Wellness Portfolio of the Seller, on a going-concern basis by way of slump sale, subject to the terms and conditions contained in the BTA. The acquisition of the portfolio is in line with the Company's strategic objective of strengthening and expanding its pharmaceutical portfolio, enhancing its presence in the relevant therapeutic segments and expanding its market reach. The cost of acquisition includes initial consideration of Rs 23.7 crore on closing. Additional consideration linked to FY 2027-28 sales of upto Rs 23.0 crore, subject to a total consideration cap of Rs 46.7 crore. First Published: Sep 23 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 23 2026 | 7:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On private placement basis First Published: Sep 23 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Arvind SmartSpaces jumped 10.58% to Rs 650 after the company said that Arvind Sylva, which is its recently launched project in Bengaluru, has recorded bookings of over Rs 500 crore within 30 days of its launch. The booking quantum represents inventory absorption of nearly 60% by value. The project was acquired on outright basis in February 2026 with topline potential of approximately Rs 860 crore. Located on Sarjapur Road, one of Bengalurus key residential and commercial growth corridors, Arvind Sylva offers connectivity to the Outer Ring Road, Electronic City, Whitefield and several of the citys leading IT and business hubs. The project is spread across 4.7 acres, and it comprises of around 375 premium residences with 70%-plus open spaces. Priyansh Kapoor, managing director & CEO of Arvind SmartSpaces, said: "Arvind Sylva is the largest vertical project we have launched to date, conceived as a green reserve where nature, design and community come together in a home built to last for generations. The higher booking statistically validates both our market selection and our move into premium high-rise; we look forward to delivering a superior product in line with our customer expectations." Arvind SmartSpaces is an Ahmedabad-based real estate developer with around 100.1 million square feet of projects across India. The company has developments in Ahmedabad, Gandhinagar, Bengaluru, Mumbai Metropolitan Region and Pune, and operates under the Arvind Group brand. The company's consolidated net profit zoomed to Rs 99.01 crore in the quarter ended June 2026 as against Rs 11.18 crore during the previous quarter ended June 2025. Sales increased by 212.14% to Rs 317.63 crore in Q1 FY27 as compared with Q1 FY26. First Published: Sep 23 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ArMee Infotech IPO: Why brokerages are divided on ?300-crore public issue First Published: Sep 23 2026 | 11:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Emkay Global said that the domestic defense sector is well poised to deliver sustained growth in the coming years. First Published: Sep 23 2026 | 11:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IDFC First Bank traded near its 52-week high following a 'Buy' rating from Motilal Oswal. First Published: Sep 23 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Escorts Kubota Ltd saw volume of 16.26 lakh shares by 10:45 IST on BSE, a 270.62 fold spurt over two-week average daily volume of 6010 shares Allied Blenders & Distillers Ltd, Elecon Engineering Company Ltd, Meesho Ltd, Supreme Industries Ltd are among the other stocks to see a surge in volumes on BSE today, 23 September 2026. Escorts Kubota Ltd saw volume of 16.26 lakh shares by 10:45 IST on BSE, a 270.62 fold spurt over two-week average daily volume of 6010 shares. The stock increased 0.69% to Rs.2,814.90. Volumes stood at 4525 shares in the last session. Allied Blenders & Distillers Ltd recorded volume of 81.25 lakh shares by 10:45 IST on BSE, a 34.12 times surge over two-week average daily volume of 2.38 lakh shares. The stock gained 1.32% to Rs.655.00. Volumes stood at 1.16 lakh shares in the last session. Elecon Engineering Company Ltd registered volume of 3.58 lakh shares by 10:45 IST on BSE, a 23.49 fold spurt over two-week average daily volume of 15239 shares. The stock rose 10.70% to Rs.465.40. Volumes stood at 13736 shares in the last session. Meesho Ltd witnessed volume of 397.38 lakh shares by 10:45 IST on BSE, a 17.52 times surge over two-week average daily volume of 22.69 lakh shares. The stock dropped 2.96% to Rs.233.10. Volumes stood at 66.92 lakh shares in the last session. Supreme Industries Ltd notched up volume of 73987 shares by 10:45 IST on BSE, a 13.88 fold spurt over two-week average daily volume of 5332 shares. The stock rose 0.49% to Rs.3,497.15. Volumes stood at 3085 shares in the last session. First Published: Sep 23 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
360 One Wam jumped 4.27% to Rs 1,118.80 after the company's board approved the appointment of Aashish Agarwal as chief executive officer (CEO), effective 15 February 2027. Karan Bhagat, currently managing director & CEO, will be appointed as vice chairman while continuing as managing director of the group. He will oversee group strategy, capital allocation and key client and institutional relationships. Yatin Shah, co-founder of 360 ONE, will continue to lead the companys wealth management business. Aashish Agarwal said, I am delighted to be joining 360 ONE. Karan and Yatin have built an exceptional franchise over 18 years, and I look forward to working closely with them to build an Indian financial institution of enduring scale and global standing. India's wealth creation story is still early, and as clients and family offices grow more sophisticated, their needs increasingly span investing, capital raising and strategic advice. Bringing Wealth Management, Asset Management and Capital Markets together allows us to serve those needs end to end, as one Group. Karan Bhagat said, I am extremely excited to continue to build and accelerate the 360 ONE platform, especially at this stage of our countrys journey. Over the last 18 years, we have built 360 ONE into a trusted partner for Indias wealth creators. This structure lets each of our three businesses be led with sharper focus while we operate as one Group. Aashish brings exceptional financial services depth and an owners mindset to building businesses, and along with the founders, will drive the Groups next phase of growth. 360 ONE WAM (Formerly known as IIFL Wealth Management) is the wealth and asset management firms managing assets of more than Rs 7.8 lakh crore ($82 billion), and serving over 8,900 families, corporates, and institutions as on 30th June 2026. The compans consolidated net profit increased 16.11% to Rs 330.53 crore in Q1 FY27, compared with Rs 284.67 crore in Q1 FY26. Revenue from operations jumped 26.85% YoY to Rs 1,226.09 crore in Q1 FY27. First Published: Sep 23 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 23 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Who pays to fight a ?100-crore legal battle? Meet India’s litigation funders First Published: Sep 23 2026 | 11:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Swastik Infra IPO opened for subscription on Wednesday. First Published: Sep 23 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of SS Retail were currently trading at Rs 618.10 at 10:25 IST on the BSE, representing a premium of 45.78% as compared with the issue price of Rs 424. The stock debuted at Rs 639.10 on the BSE, a premium of 50.73% over its issue price. So far, the stock has hit a high of Rs 639.10 and a low of Rs 603. On the BSE, over 16.58 lakh shares of the company were traded in the counter so far. The initial public offer of SS Retail was subscribed 103.30 times. The issue opened for bidding on 16 September 2026 and closed on 18 September 2026. The price band of the IPO is fixed between Rs 403 and 424 per share. The offer consisted of both a fresh issue and an offer for sale component (OFS). The fresh issue will include 84,90,566 shares, aggregating up to Rs 360.0 crore at the upper price band of Rs 424. OFS includes 33,09,693 shares of Rs 10, aggregating up to Rs 140.0 crore at upper price band of Rs 424. The funds of Rs 14.53 crore will be used towards the capital expenditure for setting up of new stores in Fiscal 2027 and Fiscal 2028. The company intends to open 120 new stores each in FY2027 and FY2028, of which the company has opened 33 new stores from April 1, 2026, to July 31, 2026. Rs 241.35 crore towards part funding of the incremental working capital requirements and the balance to be used for general corporate purposes. Ahead of the IPO, SS Retail, on 15 September 2026, raised Rs 146.39 crore from anchor investors. The board allotted 34.52 crore shares at Rs 424 each to 22 anchor investors. SS Retail is a multi-brand retail chain for mobile phones, accessories and other electronic items, with operations across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat. The company also operates 5 smartphone cafes,' which are exclusive brand outlets (EBOs) in Maharashtra, 2 of which are located in Kolhapur, 2 in Pune and 1 in Sangli, for retailing mobile phones of a reputed brand. The company operates under its proprietary brands SS Mobile,' Mobile Exchange Wala,' and The Mobile Space through a combination of company-owned and franchisee-operated store formats. Its product portfolio includes mobile phones, pre-owned smartphones, accessories, televisions, laptops and tablets, along with ancillary services such as mobile protection plans, EMI facilities, anti-theft software and mobile recharge services. The firm reported a consolidated net profit of Rs 59.28 crore and sales of Rs 2,351.03 crore for the twelve months ended on 31 March 2026. First Published: Sep 23 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
These investors account for 70% of total ?foreign investment in India | Illustration: Binay Sinha India's new fast-track entry route for trusted foreign investors has drawn 164 registrations in just over 100 days, data from the Indian depository showed on Tuesday, signaling early adoption by sovereign wealth funds and pension funds, among others. The ?Single Window Automatic and Generalised Access for Trusted Foreign Investors (SWAGAT-FI) framework came into force on June 1, as part of efforts to attract more stable foreign investment. Overseas ownership of local equities is at a 17-year low and the rupee remains among Asia's weaker-performing currencies this year. The new route allows for simpler registration and compliance for a select category of foreign portfolio investors (FPIs) considered low risk, including sovereign wealth funds, pension funds, insurance companies and regulated public retail funds. These investors account for 70% of total ?foreign investment in India. Among other rules, investors will now get a 10-year registration period instead of the earlier 3-year cycle applicable to FPIs, sharply reducing renewal-related paperwork and compliance costs for large long-term investors. The early registrations include investment structures linked to some of the world's largest asset managers, including BlackRock, Vanguard, State Street and Franklin Templeton, data from the National Securities Depository shows. Korea Investment Corporation - South Korea's sovereign investment pool - Malaysian pension funds and other government-related investors are ?also using this window. The registration data does not show how much capital has entered India, but since the framework became operational foreign investors have added ?a net ?70,200 crore ($7.34 billion) to Indian equity markets till August-end, before sentiment ?weakened again in September with foreign investors pulling out ?27,810 crore so far. Reuters reported earlier this week that a separate route for funds ?that seek to invest only in government bonds has received interest from South Korea's state-run pension fund, the world's third-largest. Dutch hedge fund Allianz Europe B.V. has ?also registered under this route, the data showed. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 23 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Hero Motors were currently trading at Rs 92.94 at 10:15 IST on the BSE, representing a premium of 10.64% as compared with the issue price of Rs 84. The stock debuted at Rs 82.10 on the BSE, a discount of 2.26% over its issue price. So far, the stock has hit a high of Rs 94.55 and a low of Rs 80.50. On the BSE, over 73.62 lakh shares of the company were traded in the counter so far. Hero Motors was subscribed 6.66 times. The issue opened for bidding on 16 September 2026 and closed on 18 September 2026. The price band of the IPO is fixed between Rs 79 and 84 per share. The IPO comprised a fresh issue of equity shares worth up to Rs 600 crore and an offer aggregating up to Rs 400 crore by O P Munjal Holdings and Hero Cycle. As of July 31, 2026, Hero Motors had total outstanding borrowings of Rs 289.54 crore. The company proposes to use Rs 190 crore from the fresh issue towards repayment/prepayment of certain outstanding borrowings, which should help reduce its debt burden. Another Rs 200 crore will be utilized for capital expenditure, primarily towards purchasing equipment required for capacity expansion at its Gautam Buddha Nagar, Uttar Pradesh, facility. The capex is expected to be deployed in phases through FY29. The remaining proceeds will be used to fund inorganic growth initiatives and for general corporate purposes. The company is also setting up two additional manufacturing facilities in Ludhiana, Punjab and Bengaluru, Karnataka. Their post-IPO shareholding is expected to be around 61.63%. Ahead of the IPO, Hero Motors, 15 August 2026, raised Rs 244.98 crore from anchor investors. The board allotted 2.91 crore shares at Rs 84 each to 16 anchor investors. Hero Motors is an India-based automotive technology company engaged in designing, developing, manufacturing and supplying engineered powertrain solutions to automotive OEMs across India, Europe, the US and ASEAN markets. The company offers powertrain systems for electric and non-electric applications across two-wheelers, e-bikes, performance vehicles, off-road vehicles, electric and hybrid cars and heavy-duty vehicles. It operates across Powertrain Solutions and Alloys & Metallics segments and had six manufacturing facilities across India, the UK and Thailand as of March 31, 2026. In FY26, powertrain solutions contributed 53.67% of revenue, while Alloys & Metallics contributed 46.33%. The company caters to global customers, including BMW, Ducati, Enviolo, Formula Motorsport, Hummingbird EV and HWA. The firm reported a consolidated net profit of Rs 41.17 crore and sales of Rs 1,188.35 crore for the twelve months ended on 31 March 2026. First Published: Sep 23 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Jindal Supreme (India) were currently trading at Rs 127.99 at 10:15 IST on the BSE, representing a premium of 37.62% as compared with the issue price of Rs 93. The stock debuted at Rs 121.90 on the BSE, a premium of 31.08% over its issue price. So far, the stock has hit a high of Rs 127.99 and a low of Rs 120. On the BSE, over 10.55 lakh shares of the company were traded in the counter so far. The initial public offer of Jindal Supreme (India) was subscribed 181.07 times. The issue opened for bidding on 16 September 2026 and closed on 18 September 2026. The price band of the IPO is fixed between Rs 88 and 93 per share. The offer comprised a fresh issue of 1,07,41,149 equity shares of Rs 10 each and an offer for sale of 26,86,851 equity shares by VVJ Enterprises, a promoter group company. Of the net proceeds from the fresh issue, the company intends to use Rs 71 crore towards prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the company and balance towards general corporate purposes. Ahead of the IPO, Jindal Supreme on Tuesday, 15 September 2026, raised Rs 37.46 crore from anchor investors. The board allotted 40.28 lakh shares at Rs 93 each to 5 anchor investors. Jindal Supreme (India), founded by Late Madan Lal Jindal in 1974, is engaged in the manufacturing and supply of a different range of steel pipes and tubes catering to the requirements of multiple infrastructure and industrial applications. The product portfolio of the company includes mild steel (MS) black pipes, tubes, galvanized pipes, metal beam crash barriers, and galvanized iron (GI) tubular poles of various dimensions. Products find application in various industry segments like water supply and plumbing, infrastructure & construction, roads & highways, bridges, oil & gas, chemicals, agriculture, rural electrification and others. The business model of the company is primarily focused on direct sales, primarily to institutional buyers for specific projects or applications like infrastructure contractors and industrial customers. In FY26, the contribution of income from sale of products to the revenue from operations was 91.56% [42.94% from fromMS black pipes/tubes, 26.54% from MS galvanized pipes, 17.41% from metal beam crash barriers, and 4.66% from GI tubular poles] and the balance 8.36% from other operating income, including sales of scrap and strip and zinc dross. The firm reported a consolidated net profit of Rs 8.28 crore and sales of Rs 190.94 crore for the twelve months ended on 31 March 2026. First Published: Sep 23 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 23 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 23 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oswal Pumps surged 6.89% to Rs 292.45 after the company received a Letter of Intent from Telangana Renewable Energy Development Corporation for a rooftop solar project covering 9,937 government schools across 33 districts of Telangana. The total order value is approximately Rs 273.19 crore, excluding GST. The installation is to be completed within 180 days from the date of receiving the work order. The project includes comprehensive maintenance for five years. Oswal Pumps said the order marks its first major order from Telangana and expands its presence into a new market. Oswal Pumps manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors and solar modules. The company provides solar pumping systems for agricultural, residential and industrial applications. On a consolidated basis, Oswal Pumps' net profit declined 42.82% to Rs 54.14 crore while net sales declined 7.86% to Rs 473.56 crore in Q1 June 2026 over Q1 June 2025. First Published: Sep 23 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Milky Mist share price hit a new high in Wednesday's trade. (Pic: Milky Mist journey) First Published: Sep 23 2026 | 10:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
OM Infra added rose 1.34% to Rs 79.69 after the company announced that its joint venture (JV) MCC-Om has secured a contract from the Vidarbha Irrigation Development Corporation (VIDC), Nagpur, for key irrigation infrastructure works. The said work order, awarded under the Gosikhurd Project, has been issued by the Office of the Executive Engineer, Ghodazari Canal Division, Nagbhid. The contract encompasses the construction of a lift irrigation scheme (LIS) designed to feed the Ghodazari Tank from RD 17213 m of the Ghodazari Branch Canal, an integral component of the Gosikhurd Project in Maharashtra. The total value of this contract is Rs 32.17 crore. The project has to be executed within a period of 12 months from the date of issuance. OM Infra is a leading infrastructure development company specializing in engineering, procurement, and construction (EPC) projects for water management, engineering, and construction. The company had reported a consolidated net profit of Rs 11.45 crore in the quarter ended June 2026 as against net loss of Rs 0.98 crore during the previous quarter ended June 2025. Revenue rose 19.20% to Rs 124.37 crore in Q1 FY27 over Q1 FY26. First Published: Sep 23 2026 | 10:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Artificial intelligence startup Brahma AI has raised $150 million through an equity issuance led by Multiples at a $2 billion post-money valuation, Prime Focus Limited said. First Published: Sep 23 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hero Motors shares make lackluster debut, list at 2% discount to IPO price Hero Motors shares made a weak debut on the exchanges on Wednesday as they listed below the IPO price, in line with the grey market expectations. Hero Motors shares listed at a discount on both BSE and NSE. The share opened 2.26 per cent lower at ?82.10 on BSE and 2.38 per cent lower on NSE at ?82 Ahead of the debut, Hero Motors IPO’s grey market premium (GMP) was indicating a discounted listing. With an upper price band of ?84, the estimated listing price at current market trends is ?81. Shivani Nyati, Head of Wealth at Swastika Investmart, said Hero Motors made a subdued debut, slightly below its IPO price. "While the company benefits from a strong position in powertrain solutions and the growth potential of EVs, its valuation at around 69–74 times P/E remains significantly higher than the peer average of 50.2 times," she added. Nyati assigned a 'Neutral' view to the stock and said investors can wait for better valuation or price consolidation before considering fresh positions. The initial public offering of Hero Motors received bids for 58.97 crore shares as against 8.86 crore shares on offer. The issue was subscribed 6.66 times. The qualified institutional buyers' (QIB) portion was subscribed 1.49 times, while the non-institutional investors' (NII) category was subscribed 9.86 times. The retail individual investors' (RII) segment was subscribed 8.23 times. The IPO opened for subscription on September 16 and closed for bidding on 18 September 2026. The IPO comprised a fresh issue of equity shares worth up to ?600 crore and an offer aggregating up to ?400 crore by O P Munjal Holdings and Hero Cycle. The company has set issue price band at ?79 to ?84 per share. The lot size for an application is 178 shares. Ahead of the IPO, Hero Motors, 15 August 2026, raised ?2,44.98 crore from anchor investors. The board allotted 2.91 crore shares at ?84 each to 16 anchor investors. Hero Motors is an India-based automotive technology company engaged in designing, developing, manufacturing and supplying engineered powertrain solutions to automotive OEMs across India, Europe, the US and ASEAN markets. The company offers powertrain systems for electric and non-electric applications across two-wheelers, e-bikes, performance vehicles, off-road vehicles, electric and hybrid cars and heavy-duty vehicles. It operates across Powertrain Solutions and Alloys & Metallics segments and had six manufacturing facilities across India, the UK and Thailand as of March 31, 2026. In FY26, powertrain solutions contributed 53.67 per cent of revenue, while Alloys & Metallics contributed 46.33 per cent. The company caters to global customers, including BMW, Ducati, Enviolo, Formula Motorsport, Hummingbird EV and HWA. ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. First Published: Sep 23 2026 | 10:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Anuj Kapoor, JM Financial First Published: Sep 23 2026 | 9:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 23 2026 | 9:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gen Z is buying homes sooner: Young Indian home loan borrowers rise 86% First Published: Sep 23 2026 | 9:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brahma AI, the AI-native operating system for enterprise audiovisual content, today announced that it has raised $150 million through the issuance of preferred shares with a $100 million investment by Multiples Alternate Asset Management. The company has also received a further $100 million of investor interest. Brahma AI is focused on four global verticals: media & entertainment, sports, healthcare and advertising. Global anchor customers include Warner Bros, the NBA and Mayo Clinic and strategic distribution partners include Google, Hakuhodo and DNEG. Brahma AI was founded and is led by Founder & CEO Prabhu Narasimhan. Brahma AI was born from Narasimhan's vision to bring together the technology stack and capabilities developed across DNEG, Metaphysic and Prime Focus Technologies to build an AI-native platform for the world's largest enterprises. Under his leadership, Brahma AI has developed its AI-native platform around Brahma AI Core and Brahma AI Studio, secured major global customers and partnerships, and expanded the application of its technology across media & entertainment, sports, healthcare and advertising. Today, Brahma AI combines enterprise content intelligence and management with sophisticated AI creation technologies spanning visual AI, digital humans, voice and multilingual performance. Its technology has received significant industry recognition, including a 2026 Technology & Engineering Emmy Award. Jo Plaete, Co-Founder & CTO and one of the world's leading experts in AI, visual AI, digital humans and high-fidelity synthetic media, heads Brahma AI's technology and R&D division as the company continues to develop and expand its AI platform. First Published: Sep 23 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The inspection was conducted at the Company's manufacturing facility from 22 June 2026 to 30 June 2026. First Published: Sep 23 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 23 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty October 2026 futures were up 15 points, indicating a positive start for the Nifty 50. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 3,809.99 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,120.07 crore in the Indian equity market on 22 September 2026, according to provisional data. FPIs sold shares worth Rs 20065.46 crore in September so far, through 22 September 2026. This follows net cash purchases of Rs 17,366 crore in August 2026, while they were net buyers of Rs 6,731.97 crore in July 2026. Global Markets: Asian stocks were mixed on Wednesday, while Japan's markets remained closed for a holiday. Caution ahead of the US-China summit also kept broader moves in equities muted. Trump and Chinese President Xi Jinping are scheduled to meet in Washington on Thursday, 24 September, with markets watching for developments on trade and artificial intelligence. US stocks ended mixed on Tuesday, with the Nasdaq Composite closing at a record high for the second consecutive session, supported by gains in technology and artificial intelligence-related stocks. The Dow Jones Industrial Average declined 0.36%, while the S&P 500 was broadly flat at 7,764.64. The Nasdaq advanced 0.45% to 27,244.28. Technology and AI stocks remained in focus following optimism around Meta Platforms' newly launched AI assistant, Muse. The launch has added to expectations of wider adoption of AI agents and supported gains across technology and semiconductor stocks. US and Iranian officials also held talks on the sidelines of the United Nations General Assembly in New York. Trump said the meeting was productive, while Iranian officials reiterated conditions for reopening the Strait of Hormuz, including a reduction in US military pressure. Oil prices extended their decline following the reports of diplomatic engagement. Brent crude fell below the $99-a-barrel mark, with markets also tracking reports that Saudi Arabia was preparing to restore operations on its East-West oil pipeline. Reports that Iran could reopen the Strait of Hormuz if certain conditions are met also contributed to expectations of improved supply flows. The developments have eased some concerns over energy supply disruptions, although geopolitical risks remain. Domestic Market: The key equity benchmarks snapped a four-session winning streak on Tuesday, with the Nifty closing below the 23,350 mark. Selling in IT, FMCG and PSU bank stocks outweighed gains in metal and realty shares. The market opened higher on positive global cues but came under pressure during the session, while Brent crude falling below $100 a barrel provided some relief. The S&P BSE Sensex declined 329.91 points or 0.44% to 74,529.08. The Nifty 50 index lost 85.30 points or 0.36% to 23,329. The 50-unit index rose 1.28% in the past four consecutive sessions. First Published: Sep 23 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Sep 23 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Sep 23 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 30.20% to Rs 18945.59 crore First Published: Sep 23 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 23 2026 | 8:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Axiscades Technologies announced that it has incorporated a wholly owned subsidiary, Akkodis Axiscades Aerospace Engineering (AAAE), to provide specialised services to the aerospace, aviation and allied industries. AAAE has an authorised share capital of Rs 15 lakh, comprising 1,50,000 equity shares of Rs 10 each. Axiscades Technologies subscribed to 4,899 equity shares of Rs 10 each, aggregating to Rs 48,990. Bengaluru-based Axiscades Technologies is an end-to-end technology and product engineering company operating across aerospace, defence and ESAI domains, with capabilities spanning the full product development lifecycle. The company reported consolidated net loss of Rs 14.83 crore in Q1 FY27 compared with net profit of Rs 20.86 crore in Q1 FY26. Net sales jumped 94.16% YoY to Rs 183.35 crore in Q1 FY27. The counter added 2.71% to settle at Rs 1,891.15 on the BSE. First Published: Sep 23 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian shares were aiming for a sixth session of gains on Wednesday as signs of consumer demand for AI apps continued to buoy tech stocks, while oil prices faltered on reports of increased supply out of the West Asia. Sources told Reuters Saudi Arabia had restarted operations at its East-West Pipeline and may have already resumed exports from the Red Sea port of Yanbu. US President Donald Trump also claimed talks with Iran in New York ?had made progress, but then threatened to "annihilate" the country if a deal was not done. Iranian President Masoud Pezeshkian addresses the UN General Assembly later on Wednesday and markets are alive to reports he might hold talks with Trump. Brent futures eased 0.1% to $99.18 a barrel, while US crude fell 0.4% to $90.14 a barrel. Chinese President Xi Jinping arrives in Washington later in the day amid speculation a trade truce between the two countries will be extended, and there could be cooperation over AI. Renewed buzz over AI helped South Korean stocks gain 1.2%, with Samsung and SK Hynix both up over 2%. Taiwan firmed 0.9%, to near all-time peaks. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.7%, having now risen for six straight days. Chinese blue chips were little changed. Japanese markets were closed for a holiday, but Nikkei futures were trading at 66,745, almost 2,000 points above where the cash Nikkei closed on Friday. "We expect a strong reopening in Japan tomorrow, with another move ?lower in crude, calm conditions in rates and Treasuries, and the Nasdaq cash and futures markets printing all-time highs," said Chris Weston, head of research at broker Pepperstone. "Memory stocks have taken the leadership baton, backed by another strong session for semi's, which have recorded a sixth consecutive day of gains." The data hardware sector has been buoyed by strong consumer take up of Meta's Muse agent, which has topped US app download charts in the past two weeks. Analysts are now keen to see how a similar product from Google Labs known as CC will fare with consumers. On Wall Street, S&P 500 futures and Nasdaq futures were both holding steady. In Europe, EUROSTOXX 50 futures and DAX futures added 0.3%, while FTSE futures gained 0.2%. The dip in oil helped Treasury futures nudge higher, keeping 10-year yields below the 5.0% pain barrier. However, ?two-year yields had again hit their highest since mid-2024 at 4.7879% as investors priced in the risk of more tightening from the Federal Reserve. Richmond Fed President Tom Barkin and Boston Fed President Susan Collins on Tuesday both voiced support for last week's rise in interest rates given concerns about ?inflation. Futures markets imply a 54% chance the Fed will hike again in October and have 33 basis points of tightening priced in by year end. The ?prospect of higher rates helped the dollar eke out multi-week highs on the euro, sterling and Canadian dollar, improving its technical background. The euro was left pinned at $1.1440 and near a two-month low. Analysts noted a call from Trump to ban US diesel exports, was potentially ?bad news for European inflation since the zone relied heavily on US shipments of the fuel. Europe already faces a shortage of natural gas that could push energy prices higher into the winter. The dollar was a shade firmer on the yen at 157.60, with speculators wary of ?drawing more Japanese intervention on any push past 160.00. In commodity markets, gold eased 0.3% to $4,341 an ounce, while copper neared record highs having climbed 18% so far this year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 23 2026 | 8:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The tech-heavy Nasdaq hit a record closing high on Tuesday, while oil prices and Treasury yields dipped in choppy trading as crude flows through the West Asia improved. The Nasdaq was boosted by Micron Technology and other AI-related stocks as AI demand showed no signs of abating and corporate earnings stayed resilient. "We maintain our constructive outlook on the AI trade, supported by rising adoption and monetization, as well as growing capital spending," said ?Ulrike Hoffmann-Burchardi, chief investment officer Americas and global head of equities at UBS' Chief Investment Office. The Nasdaq Composite rose 0.45% while the S&P 500 was flat and the Dow Jones Industrial Average fell 0.36%. MSCI's gauge of stocks across the globe rose 0.11%. The pan-European STOXX 600 index gained 0.13%. Lower oil prices added to risk appetite after a senior Iranian official told Reuters that Tehran can reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts its blockade on Iranian ports. Prices had briefly risen after US President Donald Trump said that a peace deal with Iran was likely after the midterm elections, which are scheduled for November. That is further away than many investors hoped. "Naturally, he would be aiming for a deal before the midterms in order to preserve Republican control but it doesn't look like he thinks that's possible," said Adam Button, chief currency analyst at investingLive. Oil fell again on increasing flows ?of Saudi crude with the restart of the East-West pipeline and ship movements through the Strait of Hormuz, through which 20% of global supply moved before the US-Israeli war on Iran began in late February. US crude was last down 0.6% at $94.59 a barrel and Brent fell to $98.30 per barrel, down 2.03% on the day. US 10-year Treasury yields fell 1 basis point on the day to 4.953%, retreating in line with oil. They remain elevated, however, as investors price in another round of rate hikes from major central banks as inflation remains sticky. The dollar gained 0.12% on the euro to $1.1448 and was little changed on the day at 157.37 Japanese yen. The Bank of Japan raised rates last week to a 31-year high, but two dissenting votes and a lack of explicit hawkish guidance disappointed investors, which has left the yen vulnerable and ?kept traders on alert for signs of official intervention. "FX intervention remains a blunt tool to prop up currencies, and without a forceful monetary policy response it will be difficult for Japanese authorities to rein in the selloff in the yen," said Matthew Ryan, head of market strategy at Ebury. The ?Federal Reserve raised rates last week and warned its fight against inflation was not over, keeping the door open to further tightening. Attention is ?also turning to a meeting between Trump and Chinese President Xi Jinping later this week, with investors watching for any indications that the leaders of the world's two largest economies can prevent a further deterioration in relations. Xi arrives in Washington on Wednesday for the ?first time in more than a decade, helping fuel optimism that a trade truce between the two countries will be extended and there could be cooperation over AI. "For markets, the big question is what's going to happen when the current one-year trade truce expires in November, ?and whilst the general tone remains positive, there still isn't an agreement yet," Deutsche Bank strategist Jim Reid said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 23 2026 | 8:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tajinderpal Singh Toor Star shot putter Tajinderpal Singh Toor would be gunning for a historic hat-trick of gold while the likes of long jumper Murali Sreeshankar and long distance runner Gulveer Singh aim to better the colour of medal they had won last time when India begins its athletics campaign at the Asian Games on Thursday. India is one of the athletics powerhouses in Asian Games and the country is expected to preserve that reputation this time also, though without superstar javelin thrower Neeraj Chopra, who has pulled out due to an injury. The 75-member Indian athletics team is aiming for 25 to 30 medals. It won 29 medals -- 6 gold, 14 silver, 9 bronze -- last time in Hangzhou, China. On Thursday, triple jumper Asha Ilango will be first up in a medal event involving an Indian, followed by Seema in 10,000m. In the 4x400m mixed relay, the other medal event on Thursday, India is a contender for a podium finish. Sprinters Animesh Kujur and Gurindervir Singh will also run their 100m heat races. If Toor wins a gold, for which he is the favourite, he will enter history books as he will become the first Indian track and field athlete to stand on top of podium in three successive Asian Games in a single event. Legendary thrower Parduman Singh Brar won two shot put gold medals in 1954 ad 1958 Asian Games, and Toor will go past him if he wins on Thursday. Brar, though, has three gold medals in his name, with another in discus throw in 1954 Games. The most gold and overall medals by an Indian track and field athlete was won by the legendary PT Usha, who has four gold (all in 1986 Seoul) and seven silver in her name. Sreeshankar won a silver in the last Asian Games and the 27-year-old would be aiming for a gold this time. He has jumped beyond 8m in all the seven competitions he participated this season. He arrived in Japan early before the other team-mates joined him on September 13 at the University of Tsukuba near Tokyo for an acclimatisation camp. But it will not be easy for him, though he is the season leader among the Asians with 8.38m. He will have to fight with Yuan Chenlong -- second in Asian season list with 8.33m -- of China and Uzbekistan's Anvar Anarov (season best 8.29m). China has also fielded Shi Yuhao, who won a bronze in the 2022 Games. India is also fielding David Solomon (SB: 8.22m), a last minute addition to the team in place of injured Shahnavaz Khan. Gulveer has been entered in three events -- 1500m, 5000m and 10,000 -- and he would be looking for at least two medals. He had won a 10,000m bronze in 2022 Asian Games, and holds national records in both 5,000m and 10,000m. In 5000m, Gulveer (SB: 13:03.93) will have to compete with Ethiopian-born defending champion Birhanu Balew of Bahrain. It will be a tough proposition for Gulveer (second in Asian top list) to beat the Bahrain athlete. Gulveer will also have his task cut out in the 10,000m race with Japan's Asian leader Mebuki Suzuki (27:20.11) in the fray. The Indian is ranked second in the Asian season list with his 27:24.18 performance in June. Check Asian Games 2026 latest news here Check Asian Games 2026 medal tally here Sable to run in 3000m steeplechase and 5,000m Spotlight will also be on Avinash Sable as he attempts to defend his 3000m steeplechase gold he had won in last Asian Games, despite running just one race this season. He had a long injury lay-off after undergoing an anterior cruciate ligament (ACL) surgery last year. He has also got a last-minute inclusion in 5,000m race, in which he had won a silver in the last edition. A silver winner at the 2022 Asian Games, long jumper Ancy Sojan would be hoping to upgrade the medal to gold and she is the Asian leader with her 6.88m effort in June. Despite the absence of Chopra in men's javelin throw, India can still win a medal through Rohit Yadav and Yashvir Singh. Rohit (SB: 87.68m) and Glasgow CWG medallist Yashvir (SB: 85.41m) are currently at third and fourth among Asian season leaders. The hot favourite to win the gold is Sri Lankan Rumesh Pathirage, who has sent his spear beyond 90m mark thrice this season with 92.62m being his best. Pakistan's Olympic champion Arshad Nadeem is also in fray but he has been struggling with a season best of 81.49m. National record holder decathlete Tejaswin Shankar will have to be ready for a tough competition against Japan's Yuma Maruyama who leads the Asian season chart with 8321 points in the 10-event discipline. Tejaswin, who had pulled out midway high jump competition at the recent Glasgow Commonwealth Games due a recurring knee problem, has a personal best of 8057 points which he accumulated in May. Commonwealth Games silver medallist high jumper Sarvesh Kushare is the Asian season leader with his 2.31m effort in June, but he also is carrying a niggle. Moreover, the high jump field in Asian Games will be top class, with multiple Olympic and world medallist Mutaz Essa Barshim of Qatar in the fray. Triple jumper Praveen Chithravel and 100m hurdler Jyothi Yarraji have won a bronze and silver respectively in the last edition of the Asian Games but both had dealt with minor injuries recently. Among other medal contenders are quarter-miler Vishal TK, 3000m steeplechaser Parul Chaudhary, Harita Bhadra (200m) and Pooja Singh (high jump). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 23 2026 | 8:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: Adani Group stocks, Coforge, Aditya Infotech, Innovision Stocks to watch: GIFT Nifty trends are indicating a weak start for benchmark indices today, despite a marginal dip in oil prices. As of 7:45 AM, GIFT Nifty was down 58.5 points or 0.25 per cent at 23,341.5 Meanwhile, other Asian stocks tarded higher; South Korea's Kospi was up 0.13 per cent, while Australia's ASX 200 also gained 0.05 per cent. However, Japan's Nikkei 225 was closed for trading on Wednesday. In overnight trade in the US, Nasdaq notched a fresh record high for the second day amid a rally in AI-related stocks. In commodities, oil prices fell marginally amid slight de-escalation in the West Asia crisis. Brent crude futures fell 0.43 per cent to $98.82 a barrel, while US WTI declined 0.80 per cent to $89.80 a barrel. Stocks to Watch Adani Group stock: Five Adani Group companies, including Adani Enterprises, Adani Total Gas, AWL Agri Business, Adani Green Energy, and Adani Energy Solutions, have settled SEBI adjudication proceedings linked to the Hindenburg report. Aditya Infotech: ?1,500 crore QIP opened on September 22, 2026, with a floor price of ?3,648.43 per equity share. The company may offer up to a 5 per cent discount. Sapphire Foods: Receives GST show-cause notice of ?516.84 crore under Tamil Nadu SGST Act for April 2023–March 2024. Receives another GST show-cause notice of ?21.47 crore for FY23. Arvind SmartSpaces: Arvind Sylva crossed ?500 crore in bookings within 30 days of launch, with 60 per cent of inventory absorbed by value. The Bengaluru project has a topline potential of ?860 crore. Coforge: Expanded AgenticOps capabilities under its Nuuron suite to help enterprises scale AI agents securely and efficiently. Cupid: Raises FY27 revenue guidance to ?725–750 crore and net profit guidance to ?210–225 crore. FY28 revenue guidance at ?1,085 crore; FY29 revenue guidance at ?1,500 crore. Targets ?150 crore FY27 revenue from distribution expansion and sees ?500 crore annual revenue potential. Innovision: Lock-in period ends for 54 per cent of outstanding shares. Pine Labs: Mastercard exited Pine Labs, selling its entire 4.31 per cent stake for ?933.57 crore. Institutional buyers included Citigroup Global Markets, ICICI Prudential Life Insurance, SocieteGenerale, Goldman Sachs Bank Europe, Kotak Mahindra Mutual Fund, Morgan Stanley and ICICI Prudential. RHI Magnesita India: Dalmia Bharat Refractories sold 2.29 crore shares worth ?825.88 crore. Institutional buyers included Bandhan Mutual Fund, SBI MF and Nippon India MF, among others. Brookfield India REIT: SPV Kairos Properties signed an agreement to acquire office units across the 5th and 6th floors of the Delphi building, Downtown Powai, Mumbai, for ?75.2 crore. Spectrum Electrical Industries: Partnered with the Maharashtra Government for ITI upgrade. The company signed an MoU to develop and upgrade Jalgaon’s Government ITI under the PPP model. 360 ONE WAM: Aashish Agarwal will be appointed CEO and KMP effective February 15, 2027. Karan Bhagat will continue as MD until July 2030 and will additionally become Vice-Chairman & MD from February 15, 2027. First Published: Sep 23 2026 | 7:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to open on a tepid note. First Published: Sep 23 2026 | 7:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy today: Market outlook, stock recommendations by Motilal Oswal on Wednesday, September 23, 2026. First Published: Sep 23 2026 | 7:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 23 2026 | 12:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 23 2026 | 12:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 22 2026 | 7:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 22 2026 | 7:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lars Reger, executive vice-president and chief technology officer at NXP Semiconductors (File Pic) This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 22 September 2026 The board of Optiemus Infracom at its meeting held on 22 September 2026 has accorded its approval to expand the existing partnership of the Company with Nothing Electronics (Nothing), an affiliate of London-based technology company, by entering into a binding term sheet with Nothing to undertake/establish a Joint Venture (JV) Company for the commercialization and sale of CMF products including but not limited to mobile phones and their sub assemblies/components, subject to fulfillment of the conditions precedent and definitive agreements. Subject to the fulfilment of conditions precedent and receipt of necessary approvals and execution of definitive agreements, the Company will initially acquire 51.1% of the equity share capital of proposed JV Company. First Published: Sep 22 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
LG Electronics India announced the launch of its new range of Semi-Automatic Washing Machines, designed to deliver powerful washing performance, smarter convenience, durable construction and bold premium design. Available across 15 models in 8 kg to 12 kg capacities, the new lineup offers Indian consumers greater choice across family sizes, laundry needs and design preferences. Exports of AX Semi-Automatic Washing Machines are scheduled to begin in 2027, targeting over 10 countries globally. First Published: Sep 22 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At its new cGMP-compliant manufacturing facility at Panoli Hikal announced the successful commercial production of its Personal Care products, following the commissioning of its new cGMP-compliant, multipurpose manufacturing facility dedicated to this business at its Panoli, Gujarat site. The milestone marks Hikal's formal entry into commercial-scale supply for the global beauty and personal care industry and represents the latest step in the Company's broader strategy of building new, high-value growth platforms alongside its established Pharmaceuticals, Crop Protection and growing Animal Healthcare business. As part of its strategic commitment to this new segment, Hikal repurposed an existing manufacturing asset at Panoli to serve the evolving needs of the global beauty and personal care industry, bringing the Company's decades of process chemistry and regulatory manufacturing experience to a new customer base. The facility has commenced commercial production recently, and successfully manufactured its first production batches. Product samples have since been validated with customers, and the Company has received encouraging feedback, resulting in a positive market pull for its product portfolio. Hikal's initial focus within Personal Care is on the Beauty & Personal Care segment, particularly the skin care category, where demand continues to grow globally. The Company has built a strong portfolio of second-generation UV filters, offering enhanced performance and closer alignment with evolving consumer preferences and tightening regulatory requirements across key markets. These products are undergoing approvals by its global customers, as part of Hikal's continued strategy of portfolio diversification beyond its core Pharma and Crop Protection segments. First Published: Sep 22 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 22 2026 | 7:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 22 2026 | 7:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Firstsource Solutions has been recognized as the first runner up among the Best 'Services Eating Software' at the inaugural Services-as-Software (SaS) Awards by the independent research firm HFS. Selected from more than 250 submissions from service providers, technology companies and startups worldwide, Firstsource was recognized for Kairos, its operating system for AI-native business operations. HFS evaluated submissions against criteria including AI-driven delivery, agentic adaptability, outcome orientation, scalable architecture and proven enterprise success. The recognition underscores Firstsource's leadership in transforming traditional services into software-defined, outcome-driven operations powered by Kairos. First Published: Sep 22 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 22 September 2026 Karan Bhagat continues with no change, as the Managing Director of the Company till 26 July 2030, as was approved earlier, and will be eligible to be re-appointed. The Board has additionally appointed Karan Bhagat as the 'Vice-Chairman and Managing Director' with effect from 15 February 2027. First Published: Sep 22 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Abakkus Asset Manager files DRHP with Sebi for IPO First Published: Sep 22 2026 | 6:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 22 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee appreciated 20 paise to close at 95.58 (provisional) against the US dollar on Tuesday, supported by a sharp fall in crude oil prices on improved global risk sentiments and hopes of diplomatic talks to resolve the US-Iran war. Media reports suggesting Iran is willing to open the Strait of Hormuz a vital passage to almost 20% of global energy supply within seven days if the United States (US) takes initial steps toward easing military pressure is seen aiding positive sentiments in the local unit. At the interbank foreign exchange market, the rupee opened at 95.75 against the US dollar, then gained some ground and touched 95.55 against the American currency in intraday trade. Meanwhile, domestic shares were modestly higher in cautious trade on Tuesday, with underlying sentiment supported somewhat by falling crude oil prices in international markets amid hopes for diplomatic efforts to end the U.S.-Iran war and signs of recovering Saudi oil exports. The benchmark 30-share BSE Sensex was up 120 points, or 0.2 percent, at 74,980 in early trade, while the NSE Nifty index edged up by 45 points, or 0.2 percent, to 23,459. First Published: Sep 22 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
British pound slipped to its lowest level in nearly 8-weeks against the dollar on Tuesday as data from the UK revealed that public sector borrowing increased beyond expectations in August. Figures released by the UK National Statistics Office have shown a jump in net borrowing to GBP 18.26 billion in August, from upwardly revised GBP 2.04 billion in July. The National Statistics report adds that borrowing rose by about a fifth compared with August last year, more than government income from taxes and other receipts, partly due to the impact of inflation stemming from the Middle East war. Concerns about government finances and a buoyant dollar after the hawkish turn performed by the Federal Reserve (Fed) last week is seen weighing on the counter. GBP/USD is currently seen holding around its lowest level since end of July at $1.3372. On the NSE, GBP/USD futures are quoting at 127.83, down 0.37% on the day. First Published: Sep 22 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 22 2026 | 5:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 22 2026 | 5:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 22 2026 | 5:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sebi chairman Tuhin Kanta Pandey First Published: Sep 22 2026 | 5:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 22 2026 | 5:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 22 2026 | 10:43 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fredun Pharmaceuticals rose 2.84% to Rs 1385.80 after the company said that it has acquired a 26% stake in Goodman Vetcare marking a strategic step towards strengthening its presence in India's animal health, veterinary retail and pet-care market. Since 1989, Goodman has built strong relationships with pet parents, veterinary professionals and suppliers, supported by a specialised portfolio spanning veterinary medicines, pet food, accessories and allied pet-care products. The business currently operates three stores across Mumbai and Navi Mumbai, including its flagship store in Parel, a 24x7 veterinary profitable veterinary pharmacy and pet-care operation. Built without institutional capital, Goodman has grown its revenue by 30% annually, from Rs 14.1 crore in FY24 to Rs 23.6 crore in FY26. Building on this momentum, the brand is targeting Rs 40 crore in revenue by FY27 and Rs crore by FY28. As part of its next phase of expansion, the brand plans to build PAN India presence by opening at least eight new stores across three cities, with an ambition to reach Rs 100 crore in revenue by FY31. The expansion will be supported by a focused approach to execution, with new stores targeted to reach breakeven within three to four months, based on the performance of the brands last two openings. Goodman Vetcare also plans to commission a warehouse in the new city during the first half of the year, enabling stronger stock availability as the network expands. The association brings together Goodman's deep expertise and established retail network with Fredun Pharmaceuticals' capabilities across healthcare, manufacturing, pet-care brands, technology and business development. Together, the businesses will focus on expanding the brands footprint into new geographies while gradually strengthening its omnichannel capabilities. Fredun Medhora, MD & CFO, Fredun Pharmaceuticals, stated: "Goodman Vetcare has built a strong and trusted position in veterinary and pet-care retail over several decades, with strong customer relationships, category expertise and deep understanding of the veterinary and pet-care ecosystem. We see a significant opportunity to build on this foundation by bringing together Goodman Vetcares market strength with FPLs brands, manufacturing capabilities and broader ecosystem. Our objective is to support Goodman's next phase of growth and work towards building a stronger, more integrated pet-health platform in India." Fredun Pharmaceuticals manufactures pharmaceutical formulations such as tablets, syrups, capsules, and ointments. The company's product basket includes multiple therapeutic classes such as anti-diabetics, anti-retroviral, anti-hypertensive etc. The company's consolidated net profit increased by 94.1% to Rs 13.13 crore in Q1 FY27 from Rs 6.76 crore in Q1 FY26. Revenue from operations rose by 90.7% year-on-year (YoY) to Rs 227.75 crore during the period under review. First Published: Sep 22 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Transrail Lighting rallied 4.68% to Rs 433.05 after the company announced the completion of phase 1 of its brownfield expansion for conductor manufacturing at its Silvassa location. The company said it is currently undertaking Phase 2 of the conductor capacity expansion. Upon completion of the second phase, the company's conductor manufacturing capacity is expected to double from its original capacity of 24,000 km per annum. Randeep Narang, MD & CEO, stated, This expansion marks a significant milestone in strengthening the Company's conductor manufacturing capabilities which enhances its execution efficiencies and capacity to cater to growing markets. Transrail Lighting is a turnkey engineering, procurement and construction (EPC) company with primary focus on power transmission and distribution business. It provides turnkey solutions from designing, engineering, supply, manufacture, construction, testing services across all its business verticals which include transmission lines, substations, civil construction, railways, solar EPC and poles & lighting. The companys consolidated net profit jumped 1.95% to Rs 107.88 crore on 4.59% increase in net sales to Rs 1736.03 crore in Q1 FY27 over Q1 FY26. First Published: Sep 22 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 22 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 22 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
AceVector plans to use IPO proceeds for marketing and business promotion, technology infrastructure costs and inorganic growth opportunities AceVector, parent of Indian ecommerce company Snapdeal, is seeking a valuation of up to ?1,741 crore ($181.71 million) in a trimmed initial public offering that will open for public subscription on September 25. The company ?has set a price band of ?30 to ?32 for its ?420 crore ($43.84 million) IPO, according to an exchange filing. The IPO comprises a fresh issue of shares worth ?287 crore and an offer for sale of up to 41.56 million shares from existing investors. The company earlier planned a fresh issue of ?300 crore and an OFS of 63.87 million ?shares, according to updated draft red herring prospectus. It was not immediately clear why the offer size was reduced. AceVector plans to use IPO proceeds for marketing and business promotion, technology infrastructure costs and inorganic growth opportunities. Controlling shareholder Starfish, owned by SoftBank, plans to sell up to 27.61 million shares in the IPO, while Nexus Venture Partners is also among shareholders selling stakes. The IPO will close on September 29, while the stock is expected to begin trading from October 5. Anchor investors ?can bid on September 24. AceVector's consolidated loss before exceptional items and ?tax stood at ?37.555 crore for fiscal year 2026, while revenue was ?510 crore. The IPO comes ?at a busy time in India as primary market activity picked up pace in the second half of 2026 after a muted first ?half due to geopolitical tensions. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 22 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Garden Reach Shipbuilders & Engineers (GRSE) gained 1.57% to Rs 2,410 after the company's board approved a capital budgetary outlay of Rs 2,896 crore for construction of a greenfield shipyard at Raichak in West Bengal. The Raichak project is part of GRSE's capacity expansion programme announced in August 2026, covering three facilities at Raichak, Shalimar and Kidderpore Docks with a total planned investment of Rs 2,670 crore. The company had then earmarked Rs 2,500 crore for the Raichak facility, nearly Rs 100 crore for the Timber Pond facility at Shalimar and around Rs 70 crore for the Damodar facility at Kidderpore Docks. The Raichak facility is planned as a shipbuilding hub with a 200-metre dry dock, slipway, launching pad, jetties and block fabrication facilities. It is expected to enable construction of warships up to 200 metres and commercial vessels up to 60,000 DWT. GRSE had said the capacity expansion was aimed at strengthening its indigenous shipbuilding capabilities, supporting future growth and enabling the execution of larger and more complex projects. The latest board approval represents the capital budgetary outlay for the Raichak greenfield shipyard. GRSE is a Navratna public sector undertaking under the Ministry of Defence. The company is engaged in shipbuilding and ship repair, with capabilities spanning naval and commercial vessels. GRSE's standalone net profit jumped 43.82% year on year (YoY) to Rs 172.84 crore in Q1 FY27, compared with Rs 120.18 crore in Q1 FY26. Revenue from operations jumped 38.53% YoY to Rs 1,814.62 crore in Q1 FY27. First Published: Sep 22 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 22 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With estimated gross development value of Rs 5,200 cr Puravankara has entered the Delhi-NCR real estate market with the allotment of a 13.44-acre land parcel in Greater Noida through its wholly-owned subsidiary, Prudential Housing and Infrastructure Development. The parcel has a saleable potential of ~4.57 million sq. ft. and an estimated Gross Development Value (GDV) of approximately Rs 5,200 crore. The entry into Delhi-NCR marks a significant step in Puravankara's strategy to expand into high-growth residential markets beyond Southern and Western India, leveraging its strong brand and five-decade legacy of trust, quality and execution. The acquisition marks Puravankara's maiden entry into Delhi-NCR and is its largest land transaction in FY27 so far. Including this acquisition, the company's FY27 business development across Delhi-NCR, Mumbai and Bengaluru spans approximately 10.74 million sq. ft. of saleable area and an estimated GDV of Rs 14,100 crore. The Delhi-NCR entry comes close on the heels of Puravankara's Rs 2,600 crore redevelopment win in Goregaon West, Mumbai, underscoring the company's continued momentum in expanding its development pipeline across key markets. First Published: Sep 22 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The lender aims to raise ?600 crore ($62.62 million), including a greenshoe ?option of ?500 crore, through the sale of 10-year bonds, a provisional term sheet showed (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 22 2026 | 10:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Technology stocks powered Asian markets higher on Tuesday as lower oil prices lifted sentiment and investors pinned their hopes on US-Iran talks, while the dollar stood tall on bets that more hikes are needed to rein in inflation. Attention is also turning to a high-stakes meeting between Donald Trump and Xi Jinping later this week, with investors watching for signs the leaders of the world's two largest economies can prevent a further ?deterioration in relations. Xi arrives in Washington on Wednesday for the first time in more than a decade amid growing optimism that a trade truce deal between the two nations will be extended and potential cooperation over artificial intelligence. Brent crude futures steadied at $100.22 per barrel after dropping over 3% in the previous session, moving below the key $100 level briefly. President Trump said he would be open to meeting Iranian President Masoud Pezeshkian, who is expected to be in New York this week for the UN General Assembly, helping lift sentiment and pushing bond yields lower. "The drop in oil is a big factor," said Nick Twidale, chief market strategist at ATFX Global. "Oil is the main driver and investors are jumping back into AI as has been the pattern this year." MSCI's broadest index of Asia-Pacific shares outside Japan rose over 1% in early trading. Tech-heavy South Korean stocks jumped nearly 2% while Taiwan shares were 1.3% higher. ?Japan markets are closed for a holiday. Nasdaq futures rose 0.37% while European futures were 0.3% higher. Much of the AI enthusiasm has been centred on the strong reception to the launch of Meta's Muse AI assistant. China's blue-chip stock index rose 0.75%, while Hong Kong's Hang Seng index gained 0.4%. AI stocks in China and Hong Kong also surged. "The excitement around Meta Muse is adding weight to the idea that millions of people could eventually use persistent AI agents," said Chris Weston, head of research at Pepperstone. "The combination of Meta Muse injecting a new shot of confidence in the CPU demand profile, lower crude prices, falling Treasury yields and optimism towards the US-China summit have supported the move." RATE HIKES ON THE WAY Investors are also contending with a fresh wave of rate hikes and hawkish signals from major central ?banks, reinforcing expectations of further tightening later this year. The shift has underpinned the dollar and piled pressure on the yen. The yen was at 157.39 per US dollar, hovering near a three-week low after surrendering early-month gains driven by bets on a faster pace of Bank ?of Japan rate hikes. The BOJ raised rates last week to a 31-year high but two dissenting votes and lack of explicit hawkish guidance disappointed investors, ?leaving the yen vulnerable and stoking intervention jitters. "FX intervention remains a blunt tool to prop up currencies, and without a forceful monetary policy response it will be difficult for Japanese authorities to rein in the selloff in the yen," said Matthew Ryan, head ?of market strategy at Ebury. The Federal Reserve, by contrast, raised rates last week and warned its fight against inflation was not over, keeping the door open to further tightening. The dollar index, which measures the US currency against six other units, was at 100.4, just shy ?of a seven-week high. Traders are pricing in a 56% chance of a hike in October, compared with 43.5% a week earlier, CME FedWatch tool showed. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 22 2026 | 9:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's Core sector rose 4.8% in Aug, compared with 6.2% a year ago, official data released on Monday showed. Sequentially, the growth marked a slowdown from a downwardly revised figure of 5% in July and fell to three-month low. Among the eight core industries, cement, electricity, iron ore, steel and refinery products saw positive growth in August. Cement output grew by 12.5 per cent, electricity by 11.6 per cent, iron ore by 5.5 per cent, steel by 3.4 per cent and refinery products by 2.6 per cent. On the other hand, coal, natural gas, crude oil and fertilisers recorded negative growth during the month. The ministry said iron ore, electricity and cement have been major contributors to the overall growth of the Index of Core Industries in recent months. The cumulative growth of the core industries during April-August 2026 was 4.3 per cent, compared with 2.4 per cent in the corresponding period of the previous year. First Published: Sep 22 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Embassy Developments announced the signing of a Memorandum of Understanding (MoU) for the sale of an entire residential tower at its ultra-luxury development, Embassy Terazza, in Juhu to Dinesh Thakkar, Founder, Chairman and Managing Director of Angel One (AOL). The deal is the largest single residential unit transaction in the country. The residence comprises an entire G+7 storey tower with a RERA carpet area of 63,000 sq. ft., and a transaction value of approximately Rs 711 crore. Located on Juhu Tara Road, one of Mumbai's most coveted residential addresses and home to leading business families, industrialists and celebrities, Embassy Terazza is an ultra-luxury low-density development spanning over 2+ acres with approximately 50 residences and has an estimated Gross Development Value (GDV) in excess of Rs 3,000 crore. Design features include one residence per floor across the five towers, offering panoramic sea and city views, thoughtfully planned layouts, lush internal gardens, and curated wellness and lifestyle amenities. This project is being developed by Embassy Developments under a development management (DM) model. First Published: Sep 22 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 22 2026 | 9:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 22 2026 | 9:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sterling & Wilson Renewable Energy has secured one order in Rajasthan totaling to 534.3 MWp from a leading IPP in India. The company has also secured one order for two BESS projects totaling 616 MWh energy storage capacity in South Africa from a leading Middle East based renewable energy projects developer. The total value of both the orders, including taxes, amounts to more than Rs 985 crore. First Published: Sep 22 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 22 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 19.29% to Rs 521.43 crore First Published: Sep 22 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bandhan Bank, Inox Wind, Manappuram Finance, SAIL, LIC Housing Finance are barred from F&O trading on 22 September 2026. Stocks to Watch: Suryoday Small Finance Banks board approved the issuance of up to Rs 400 crore in one or more tranches along with specific approval for issuance of up to Rs 200 crore in this tranche (single tranche) of rated, listed, unsecured, subordinated, transferable, redeemable, fully paid up, lower tier ii non-convertible debentures in a single series, to be categorized as Lower Tier II Capital (in compliance with Basel II framework on Capital Adequacy) on a private placement basis. Lumino Industries reported 32.4% increase in consolidated net profit to Rs 40.17 crore in Q1 FY27 compared with Rs 30.34 crore in Q1 FY26. Revenue from operations jumped 19.29% YoY to Rs 521.42 crore in Q1 FY27. Augmont Enterprises reported 15.47% decline in consolidated net profit to Rs 60.85 crore despite 30.2% increase in revenue from operations to Rs 18,945.58 crore in Q1 FY27 over Q1 FY26. Parag Milk Foods proposes to augment its paneer manufacturing capacity by approximately 60 MT per day through brownfield and greenfield expansion initiatives. Upon completion of the proposed expansion, the company's aggregate paneer manufacturing capacity is expected to increase from 20 MT per day to approximately 80 MT per day. The company will invest approximately to Rs 100 crore Symbiotec Pharmalab reported 53.03% decline in consolidated net profit to Rs 14.05 crore in Q1 FY27 compared with Rs 29.91 crore in Q1 FY26. Revenue from operations rose 7.37% YoY to Rs 218.15 crore in Q1 FY27. Apeejay Surendra Park Hotels appointed Manish Bhagat as CFO and KMP effective September 21, 2026. First Published: Sep 22 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty October 2026 futures were down 44.50 points, indicating a negative start for the Nifty 50. India's core sector output growth slowed to 4.8% year-on-year in August 2026 from a revised 5.0% growth in July. The eight core industries had initially recorded 5.4% growth in July, which was subsequently revised to 5.0%. The August growth was supported by higher output of cement and electricity, which rose 12.5% and 11.6%, respectively. Steel production increased 3.4%, while output of coal, crude oil, natural gas and fertilisers declined. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 576.20 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,797.27 crore in the Indian equity market on 21 September 2026, according to provisional data. FPIs sold shares worth Rs 19390.86 crore in September so far, through 21 September 2026. This follows net cash purchases of Rs 17,366 crore in August 2026, while they were net buyers of Rs 6,731.97 crore in July 2026. Global Markets: Asian stock market traded higher on Tuesday, tracking a strong overnight rally on Wall Street, as gains in technology stocks and easing crude oil prices supported investor sentiment. US stocks ended sharply higher on Monday, with the Nasdaq Composite rising to a record closing high as investors returned to artificial intelligence-related stocks. The Dow Jones Industrial Average rose 0.71% to 52,048.83, while the S&P 500 gained 1.49% to 7,764.70. The Nasdaq advanced 2.26% to 27,122.09. Among major technology stocks, Nvidia rose 2.30%, AMD jumped 9.95%, Intel rallied 12.14%, Microsoft gained 1.59%, Amazon advanced 1.87%, Meta Platforms surged 11.43% and Apple rose 0.85%. Semiconductor stocks led the broader technology rally, with the Philadelphia Semiconductor Index gaining 4.29%. Oil prices remained in focus after Brent crude fell 3.4% on Monday to around $100.34 a barrel. Brent was trading near $100.22 on Tuesday as investors assessed signs of easing supply disruptions and possible diplomatic engagement between the US and Iran. Saudi Arabia has also increased crude shipments from its Gulf terminals following disruptions to its East-West pipeline. US President Donald Trump said he was "probably open" to meeting Iranian President Masoud Pezeshkian during the United Nations General Assembly in New York this week. The possibility of direct talks has added to expectations of diplomatic efforts to ease tensions and reduce risks to regional energy supplies. The Trump administration has also reportedly proposed investing $5 billion in a fund to help Middle Eastern countries rebuild energy infrastructure damaged during the Iran war and reduce their dependence on the Strait of Hormuz. Domestic Market: The key equity benchmarks ended higher on Monday, supported by easing crude oil prices and renewed buying in heavyweight stocks. The Nifty closed above the 23,400 level. Sectorally, pharma, FMCG and realty shares were in demand, while metal, PSU bank and IT stocks declined. Global cues were broadly positive, with most Asian markets advancing and US equity futures trading higher. Investors also remained focused on the planned meeting between US President Donald Trump and Chinese President Xi Jinping later this week, with trade and economic relations among the key areas under watch. The S&P BSE Sensex jumped 564.03 points or 0.76% to 74,858.99. The Nifty 50 index added 67.90 points or 0.29% to 23,414.30. First Published: Sep 22 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 22 2026 | 8:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The WTI ?October contract, which expires on Tuesday, crept up 2 cents, or 0.02%, to $95.8 a barrel Oil prices gained on Tuesday as the market steadied after several days of declines, with investors awaiting developments on potential US-Iran talks at the United Nations General Assembly this week. The Brent crude futures November contract gained 22 cents, or 0.22%, to $100.57 a barrel at 0021 GMT. The WTI ?October contract, which expires on Tuesday, crept up 2 cents, or 0.02%, to $95.8 a barrel. The more actively traded November contract was up 13 cents, or 0.14%, at $92.49 a barrel. Iran and the US exchanged threats on Sunday, though President Donald Trump said he would be open to meeting Iranian President Masoud Pezeshkian, who is expected to be in New York this week for the UN General Assembly. "The move higher in WTI and the stronger open in Brent have the appearance of a typical short-covering bounce after the recent decline, rather than a fundamental shift," said Tim Waterer, chief market ?analyst at KCM Trade. "Traders who were positioned for further downside are taking some risk off the table while the diplomatic narrative plays out." Over the weekend, Iran also conveyed its conditions to mediators for re-engaging in negotiations, Al Jazeera reported, citing Iran's security chief, Mohsen Rezaei. Waterer added that prices were likely to remain range-bound and sensitive to headlines until there was either clear progress or a setback in diplomatic efforts between the United States and Iran. Middle East tensions remained elevated after Yemen's Iran-backed Houthis said they attacked Riyadh and a Saudi Aramco ?facility in Yanbu and stepped up efforts to cut off Saudi-backed forces from the Red Sea coast. China has privately urged Tehran to help curb attacks by the Houthis, three ?Iranian sources said, after Saudi Arabia appealed to Beijing following a recent surge in the group's ?military operations. Aramco has increased exports through the Strait of Hormuz after attacks on its East-West Pipeline forced it to halt some shipments through Yanbu. Saudi Aramco loaded about 14 million ?barrels of crude oil on seven supertankers inside the Gulf on Sunday, tanker tracking data showed. Separately, Libya's National Oil Corp Chairman Massoud Suleman told Reuters on Monday that the country's ?Sharara oilfield has seen a partial reduction in production, without giving a reason. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 22 2026 | 8:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 22 2026 | 8:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kirloskar Ferrous Industries announced that its board has approved the appointment of Ajay Patil as joint managing director (MD) for 3 years with effect from 21st September 2026 to 20 September 2029. Until recently, he served as the Global Chief Financial Officer of RSB Transmission (India), a Bain Capital portfolio company. His career spans listed companies, private equity-backed businesses, multinational corporations and joint ventures. Over the years, he has held positions of increasing responsibility with leading diversified industrial technology companies such as Cummins, Honeywell, and Eaton, progressing to regional and global leadership roles with executive responsibilities across Asia Pacific, the Middle East, Africa, the Americas and global operations. Patil brings extensive experience of 36 years in driving profitable growth, corporate governance, business strategy, capital allocation, enterprise transformation, mergers and acquisitions, joint ventures, sustainability and enterprise risk management. R. V. Gumaste, managing director at Kirloskar Ferrous Industries (KFIL), said, We are pleased to welcome Ajay to our leadership team. His extensive expertise in business strategy and transformation will bring significant value to our organisation. This appointment further strengthens the leadership bandwidth and aligns with our priorities of sustainable growth, enhancing KFILs position in the market. Kirloskar Ferrous Industries is one of India's largest manufacturers of castings and pig iron. The company caters to a wide range of industries, including tractors, automobiles and diesel engines. The company reported a 65.39% year-on-year decline in consolidated net profit to Rs 82.34 crore in Q1 FY27 from Rs 237.97 crore in Q1 FY26. Revenue from operations rose 4.29% year on year to Rs 1,736.95 crore in Q1 FY27. The counter shed 0.02% to settle at Rs 480.40 on Monday, 21 September 2026. First Published: Sep 22 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: ONGC, Pine Labs, GRSE, Waaree Lloyds Metals, Aarti Inds Stocks to watch: GIFT Nifty trends are indicating a strong start for benchmark indices today, despite a marginal rise in oil prices. As of 7:45 AM, GIFT Nifty was up 60.5 points or 0.26 per cent at 23,499. Meanwhile, other Asian stocks also tarded higher; South Korea's Kospi was up 1.6 per cent, while Australia's ASX 200 also gained 0.25 per cent. However, Japan's Nikkei 225 was closed for trading on Tuesday. In commodities, oil prices gained marginally amid the West Asia crisis. Brent crude futures rose 0.80 per cent to $101.1 a barrel, while US WTI gained 0.67 per cent to $92.99 a barrel. Pine Labs: Mastercard is looking to sell its entire 4.97 crore-share holding, equivalent to a 4.3 per cent stake, through a proposed block deal valued at around ?892 crore at a floor price of ?179.50 per share, representing a 7.3 per cent discount to yesterday’s closing price. Pace Digitek: NTPC GE Power Services has awarded the company a domestic order worth ?488.5 crore for the supply, delivery, testing and commissioning of 5.015 MWh BESS containers with BMS and EMS. ONGC: The company struck gas at its first Mahanadi Basin well, MN-DW18-1-H-D, at a depth of 1,441–1,452 metres, around 43 km off Konark. Neogen Chemicals: The company raised around ?600 crore through its first-ever QIP, which was oversubscribed 6.5 times. The issue attracted strong participation from investors including ADIA, ICICI Prudential Mutual Fund, Invesco Mutual Fund, Mirae Asset Mutual Fund, SBI Life Insurance, White Oak Capital Mutual Fund and Axis Mutual Fund. Garden Reach Shipbuilders & Engineers: The GRSE Board approved a ?2,896 crore capital outlay to construct a greenfield shipyard at Raichak, aimed at enhancing shipbuilding capacity across both naval and commercial segments. Lenskart Solutions: Abu Dhabi Investment Authority offloaded 3.5 crore equity shares, representing a 2.01 per cent stake, for ?2,390.57 crore through a block deal yesterday. Anupam Rasayan India: 360 ONE Asset Management’s 360 ONE Pipe Fund acquired 9 lakh shares, representing a 0.79 per cent stake, in the company for ?104.85 crore. Transrail Lighting: The company completed Phase 1 of its brownfield expansion at its Silvassa plant, increasing conductor manufacturing capacity from 24,000 km/year to 40,800 km/year. Phase 2 is underway, after which conductor capacity is expected to double from the original level. Allcargo Global: The company’s cargo volumes fell in August as the logistics company continued to cut loss-making shipping routes, a move that has helped improve yields. The company handled 711,000 cubic metres of less-than-container-load (LCL) cargo in August, down 7 per cent Y-o-Y and 2 per cent M-o-M. Waaree Energies: The company received an order to supply 2 GW of solar modules from a leading solar developer. Reliable Data Services: The company’s board has approved a proposal to raise funds of up to ?200 crore for various upcoming projects, the upgradation/expansion of existing projects, and enhancement of the company's working capital requirements. J&K Bank: The bank signed an escrow agreement for sale of 0.5 per cent PNB MetLife stake for ?120 crore Lloyds Metals: The company will raise ?1,550 crore via issuance of NCDs; to invest ?140 crore for capacity addition; approved capacity upgrade for DRI plant at Ghugus to 8,15,000 MTPA and Konsari to 92,400 MTPA; total DRI plant capacity to exceed 9,00,000 MTPA Aarti Industries: Renewable energy mix expected to reach 70 per cent by end of CFY; Augene JV and Re Aarti JV under execution and expected to be commissioned in FY27 Hindustan Copper: The company plans capital investment of over ?7,000 crore over the next 5-6 years; actively pursuing acquisition of new copper deposits in India and overseas. The company is also focused on reopening closed mines in India to enhance domestic copper production capacity. First Published: Sep 22 2026 | 7:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shrikant Chouhan of Kotak Securities is bullish on LIC and Axis Bank. First Published: Sep 22 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 22 2026 | 7:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to open on a positive note. Asian markets advanced as a rally in technology shares supported. First Published: Sep 22 2026 | 7:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Why NSE's mega ?22,562 crore IPO met a rather small retail appetite The initial public offering (IPO) of the National Stock Exchange of India (NSE) closed for subscription on Monday, September 21, with the ?22,562-crore issue receiving bids for 50.58 crore shares against 8.86 crore shares on offer, translating into an overall subscription of 5.71 times. However, the headline subscription figure masks a sharp divergence between institutional and retail demand. While qualified institutional buyers (QIBs) subscribed to 12.68 times their reserved portion and non-institutional investors (NIIs) bid 6.55 times, the retail portion received bids for 6.13 crore shares against 4.41 crore shares reserved, resulting in a comparatively modest 1.39-times subscription. The NSE IPO was India’s second-largest public issue after Hyundai Motor India’s ?27,858.75-crore IPO in 2024. NSE had set a price band of ?1,700-1,785 per share, with a lot size of eight shares, meaning a retail investor needed at least ?14,280 at the upper end of the price band. One of the key features of the NSE issue was its sheer size. At roughly ?22,562 crore, the IPO required a substantial amount of capital even though the minimum retail application was ?14,280. The issue was also entirely an offer for sale (OFS), meaning the proceeds go to existing shareholders selling their stakes rather than to NSE as fresh capital. Another factor was the changing expectations around listing gains. Market data showed NSE’s grey-market premium weakening sharply during the IPO period. The premium had fallen to around 2 per cent from a peak of about 20 per cent during the bidding, potentially reducing the attraction for investors focused on short-term listing gains. Santosh Meena, head of research at Swastika Investmart, pointed that, retail investors appear to be taking a more selective approach to the NSE IPO amid a crowded primary market, where multiple issues are competing for the same pool of capital. “The relatively modest grey market premium has also reduced expectations of immediate listing gains. At the same time, the IPO is entirely an Offer for Sale, meaning there is no fresh capital being raised for NSE,” he said. Meena added that concerns around regulatory changes affecting F&O activity, which remains an important part of NSE’s business, may also be encouraging some investors to remain cautious. “Given the ?22,561.57 crore issue size, the subscription requirement is also substantial, making the retail response look relatively muted compared with smaller IPOs,” he said. CHECK Stock Market LIVE Updates The relatively modest 1.39-times retail subscription becomes more apparent when compared with some of India’s largest IPOs. Based on data provided by Prime Database, Coal India saw its retail portion subscribed 2.21 times, while LG Electronics India recorded retail subscription of 3.39 times. LIC, another mega IPO, saw retail subscription of 1.61 times. In comparison, NSE’s 1.39-times retail subscription was lower than all three. Several other large issues, however, also recorded relatively subdued retail demand. HDB Financial Services saw retail subscription of 1.43 times, while Paytm recorded 1.27 times. Tata Capital and Swiggy each recorded retail subscription of 1.06 times Data from Prime Database also shows that Hyundai Motor India, the country’s largest IPO at ?27,858.75 crore, had retail subscription of just 0.44 times. General Insurance Corporation of India (GIC) recorded 0.59 times. Abhinav Tiwari, senior research analyst at Bonanza, pointed to the difference between NSE’s IPO price and its earlier unlisted-market valuation as another factor influencing retail participation. “The biggest concern for investors is the gap between the NSE IPO price and its earlier unlisted market price. The upper price band of ?1,785 is around 26 per cent below the unlisted peak of ?2,400 seen in June 2025. Also, pre-IPO shareholders face a six-month lock in after listing, which may reduce their willingness to participate further,” he said. Tiwari noted that for fresh investors, the lower IPO price may not necessarily look attractive. Instead, it could suggest that the earlier unlisted valuation was too high. The grey market also shows limited enthusiasm, with the GMP falling to only about 4-5 per cent above the upper price band, he said. Tiwari also flagged NSE’s earnings trajectory, valuation and its exposure to the derivatives market as factors investors could be weighing. “NSE’s earnings performance is another concern. FY26 PAT declined to ?10,302 crore from ?12,188 crore, while the operating Ebitda margin fell to 66.9 per cent from 73.8 per cent. At around 42 times earnings, the valuation also remains demanding, especially as NSE’s share of industry options premium declined from 78.6 per cent to 68.5 per cent,” he said. The IPO is entirely an offer for sale. With other large IPOs potentially coming to market, retail investors may prefer to wait as retail IPO demand in India is largely a listing-gain trade, and a 3 per cent cushion does not justify blocking funds, he said. “Once the valuation and price discovery become clearer, we may see retail participation for a longer term as the fundamentals are strong like any other large-cap stocks,” he said. First Published: Sep 22 2026 | 7:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 22 2026 | 12:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 21 2026 | 10:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 21 2026 | 8:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 21 2026 | 8:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In December 2024, when Zepto Café was launched as a separate app, it clocked 30,000 orders per day First Published: Sep 21 2026 | 8:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In December 2024, when Zepto Café was launched as a separate app, it clocked 30,000 orders per day First Published: Sep 21 2026 | 8:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 21 2026 | 7:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Sep 21 2026 | 7:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 21 2026 | 7:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 21 2026 | 7:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 21 2026 | 7:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 21 2026 | 7:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Consequent to the aforesaid allotment, the paid-up equity share capital of the Company stands increased to Rs 7,36,64,61,785 divided into 3,68,29,92,140 equity shares of Rs 2/- each (considering the amount of subscribed share capital plus shares forfeited less calls in arrears). First Published: Sep 21 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Onward Technologies announced the renewal of a multi-year Managed Digital Services contract with increased scope valued at Rs 44.46 crore with one of the world's leading manufacturers of construction and mining equipments. The contract tenure extends from August 2026 to August 2029. The renewed engagement represents a 72% increase in value compared to the previous contract and reflects the customer's continued confidence in Onward Technologies' delivery excellence, digital engineering capabilities, and strategic partnership. First Published: Sep 21 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From NTPC GE Power Services First Published: Sep 21 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 21 September 2026 First Published: Sep 21 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 21 September 2026 First Published: Sep 21 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 21 2026 | 6:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 21 2026 | 6:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
National Stock Exchange of India's $2.3 billion IPO was subscribed 5.7 times by the end of the final ?day of bidding on Monday as investors bet on continued equity market growth in Asia's third-largest economy. The shares will start trading on Thursday, marking the culmination of a decade-long effort by India's biggest stock ?exchange operator to enter public markets. The IPO, India's second-biggest, received bids for 502.69 million shares, compared to 88.64 million shares on offer, as of ??5:02 p.m. IST, exchange data ??showed. This, coupled with anchor investments, ?takes amount of bids received to 964.76 billion rupees ($10.07 ?billion) at the upper end ??of IPO ?price band of 1,700-1,785 rupees apiece. The final amount may vary ?as details of bids will be ??updated until 7:00 p.m. IST. ($1 = 95.8150 Indian rupees) (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 21 2026 | 6:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil & Natural Gas Corporation (ONGC) on 18 September 2026 struck gas at deepwater well MN-DW18-1-H-D in the Mahanadi Offshore Basin, off the Odisha coast, under the Samudra Manthan initiative. The well drilled to a target depth (TD) of 1,623 metres recorded the gas strike at 1,441-1,452 metre interval. The well is located approximately 43 km off Konark and is the first well in the Mahanadi Basin under the campaign. Its relative proximity to the coast offers potential for early monetisation, subject to further appraisal, and commercial evaluation. First Published: Sep 21 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Raymond today announced the appointment of Salil Bawa as Group Head, Investor Relations for Raymond Group to lead investor engagement and capital-markets strategy across its listed entities. He will be on the roll of Raymond Realty. A Chartered Financial Analyst with over 25 years of experience, Bawa joins Raymond from the LNJ Bhilwara Group, where he led group corporate development and investor relations. Serving as the principal interface between management, global institutional investors and the analyst community through demergers, IPOs, QIPs and strategic capital raises, he has built and led investor relations functions across several of India's leading listed groups such as Welspun Group. First Published: Sep 21 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With effect from 21 September 2026 Kirloskar Ferrous Industries announced that its Board of Directors, at its meeting held on 21 September 2026, approved the appointment of Ajay Patil as Joint Managing Director. His appointment is effective from 21 September 2026 to 20 September 2029. Patil brings extensive experience of 36 years in driving profitable growth, corporate governance, business strategy, capital allocation, enterprise transformation, mergers and acquisitions, joint ventures, sustainability and enterprise risk management. First Published: Sep 21 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Neogen Chemicals has successfully completed its first-ever Qualified Institutions Placement (QIP) of equity shares. The issue was oversubscribed by more than 6.5x and raised approximately Rs 600 crore. The QIP attracted strong participation from a diverse mix of renowned domestic and global institutional investors, including leading mutual funds, AIF, NBFC, insurance companies, and foreign portfolio investors, such as, ICICI Prudential Mutual Fund, Invesco Mutual Fund, Mirae Asset Mutual Fund, SBI Life Insurance, White Oak Capital Mutual Fund, Axis Mutual Fund and Abu Dhabi Investment Authority. Pursuant to the QIP, the Company allotted 26,60,753 equity shares of face value of Rs 10 each at an issue price of Rs 2,255 per equity share (including a share premium of Rs 2,245 per equity share), which is above the floor price of Rs 2,189.73 per equity share. Consequently, the paid-up equity share capital expanded from Rs 27.38 crore (2,73,81,674 equity shares of Rs 10 each) to approximately Rs 30.04 crore (3,00,42,427 equity shares of Rs 10 each). First Published: Sep 21 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bhagat brings over 20 years of significant experience in finance across diverse sectors, including hospitality, retail, engineering, aviation and aerospace. Prior to joining ASPHL, he served as Vice President - Finance at SAMHI Hotels Limited following earlier leadership roles at Devyani International, AirWorks Engineering, and InterGlobe Aviation (IndiGo). Over the course of his career, he has built extensive expertise in financial planning and control, strategic financial management, treasury management, refinancing activities, cost optimization, audits, due diligence controls and digital finance transformation. First Published: Sep 21 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 21 2026 | 6:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Accordingly, the Reserve Bank of India has today issued the Reserve Bank of India (Commercial Banks - Minimum Capital Requirements for Market Risk) Directions, 2026. The Directions aim to align the market risk guidelines with the revised Basel III framework, as part of RBI's adoption of the Basel standards, while ensuring simplicity of regulations, and providing flexibility, and ease of adoption. The Directions will take effect from April 1, 2027, ensuring sufficient lead time for banks. The major changes in the final Directions vis-?-vis the draft guidelines: (1) Scope of the trading book: Since the Investment Directions provide a clearly identifiable trading book under 'Held for Trading (HFT)' accounting sub-classification, the instructions on the definition of the trading book have been deleted from the final Directions, and a reference has been made to the Investment Directions. (2) Net Open Position and forex risk capital charge: Revised instructions as provided in the Reserve Bank of India (Commercial Banks - Prudential Norms on Capital Adequacy) Tenth Amendment Directions, 2026 have been suitably incorporated. (3) Specific risk capital charge for interest rate risk: The specific risk tables for interest rate risk have been revised to align with the Basel Committee on Banking Supervision (BCBS) guidelines, which also provides a more concise and clean treatment. (4) Debt mutual funds / exchange traded funds (ETF) held in the trading book: The capital treatment has been revised to ensure capital computation is based on the underlying risk drivers while ensuring sufficient guardrails. First Published: Sep 21 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 2.01 crore shares as against 1 crore shares on offer. The issue opened for bidding on 17 September 2026 and will close on 21 September 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 150 equity shares and multiples thereof. The IPO is entirely a fresh issue of shares worth Rs 141.57 crore at upper price band of Rs 99. There is no OFS component. At the upper end of the price band, the company is expected to be valued at Rs 562.6 crore post listing. The funds raised to the tune of Rs 80.0 crore will be used towards repaying certain borrowings; Rs 50.61 crore will be utilized towards funding of capital expenditure towards purchase of plant and machineries. The company has an installed capacity of 82.44 million meters per annum for fabric manufacturing and capacity utilization stood at 82.71% in FY2026. The CAPEX is primarily to modernize the plant and there will not be any increment in the overall production capacity of the company pursuant to the installation of the proposed machinery. The balance is towards general corporate purposes. Sonaselection India is an integrated fabric manufacturing and processing company based in Bhilwara, Rajasthan, engaged in manufacturing value-added textile products including 100% cotton, cotton lycra, cotton blends and polyester blends. The company operates a manufacturing facility spread across approximately 49,540 sq. metres with an installed processing capacity of 82.44 million metres per annum, undertaking processes such as bleaching, dyeing and finishing. It follows an integrated operating model combining own manufacturing and job-work processing and has a 1.20 MW rooftop solar plant for captive consumption. The company has also diversified into readymade garments through its subsidiary incorporated in July 2025. Ahead of the IPO, Sonaselection India on Wednesday, 16 August 2026, raised Rs 42.47 crore from anchor investors. The board allotted 42.90 lakh shares at Rs 99 each to 3 anchor investors. The firm reported a consolidated net profit of Rs 34.02 crore and sales of Rs 516.95 crore for the twelve months ended on 31 March 2026. First Published: Sep 21 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 50.38 crore shares as against 8.86 crore shares on offer. The initial public offer of National Stock Exchange of India (NSE) received bids for 50,38,04,568 shares as against 8,86,42,911 shares on offer, according to stock exchange data at 17:30 IST on 21 September 2026. The issue was subscribed 5.68 times. The issue opened for bidding on 17 September 2026 and will close on 21 September 2026. The price band of the IPO is fixed between Rs 1,700 and 1,785 per share. An investor can bid for a minimum of 8 equity shares and multiples thereof. The initial public offer (IPO) consists entirely of offer for sales (OFS) of 12.64 crore equity shares to raise Rs 21486-22562 crore with price band of Rs 1700-1785 per equity share of face of Rs 1. The company does not have any identifiable promoter. Among the selling shareholding State Bank of India is selling 1.60 crore equity shares, Canada Pension Plan Investment Board 1.19 crore equity shares, Aranda Investments (Mauritius) Pte 1.12 crore equity shares, MS Strategic (Mauritius) 1.10 crore equity shares, The New India Assurance Company 1.05 crore equity shares, SBI Capital Markets 0.88 crore equity shares, Bank of Baroda 0.77 crore equity shares, Stock Holding Corporation of India 0.62 crore equity shares, General Insurance Corporation of India 0.62 crore equity shares, United India Insurance Company 0.60 crore equity shares, Crown Capital 0.59 crore equity shares, 2726247 Ontario Inc. 0.54 crore equity shares, The Oriental Insurance Company 0.50 crore equity shares, National Insurance Company 0.40 crore equity shares, Mahagony 0.30 crore equity shares etc. National Stock Exchange of India (NSE) is Indias largest stock exchange, offering trading, listing, clearing and post-trade services across multiple asset classes, including cash equities, equity derivatives, currency derivatives, mutual funds, commodities and debt markets. Incorporated in November 1992, NSE operates a technology-driven platform and maintains leading market shares across key segments. The exchange had 261.36 million registered investor accounts, 132.37 million unique registered investors and 3,005 listed entities as of FY2026. Its integrated ecosystem includes NSE Clearing, NSE Indices, NSE Data and Analytics and NSE International Exchange, providing complementary services across clearing, indices, market data and international trading. Ahead of the IPO, National Stock Exchange of India (NSE) on Wednesday, 16 August 2026, raised Rs 6,746.18 crore from anchor investors. The board allotted 3.77 crore shares at Rs 1,785 each to 189 anchor investors. The firm reported a consolidated net profit of Rs 3,121.88 crore and sales of Rs 4,560.41 crore for the twelve months ended on 31 March 2026. First Published: Sep 21 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee appreciated 15 paise to close at 95.81 (provisional) against the US dollar on Monday as crude oil prices retreated from their elevated levels on improved global risk sentiment amid expectations of diplomatic talks between the US and Iran. The Indian rupee firmed on weak crude oil prices amid hopes of diplomatic talks between the US and Iran. Moreover, positive domestic markets and softening of US Treasury yields also supported the local unit. Indian shares closed Monday's session higher as oil prices extended slide to their lowest levels in more than a week and global bond yields dipped amid hopes that diplomatic efforts could help ease tensions in West Asia. Ahead of a crucial meeting this week between U.S. President Trump and Gulf-state leaders on the sidelines of the United Nations General Assembly, Trump warned Iran that it would fail economically or face its leadership being wiped out if it didn't make a deal. The BSE Sensex surged 564.03 points (0.76%) to end at 74,858.99, while the NSE Nifty 50 gained 67.90 points (0.29%) to finish at 23,414.30. At the interbank foreign exchange market, the rupee opened at 95.86 against the US dollar, then gained some ground and touched 95.72 against the American currency in intraday trade. First Published: Sep 21 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty opened at 23,330.20 and slipped to an intraday low of 23,314.80 in early trade. The index recovered steadily through the morning session, crossed 23,400 and touched an intraday high of 23,466.80 in mid-afternoon trade. It pared some gains thereafter but remained above the 23,400 mark at the close. Brent crude fell to around $101 a barrel as concerns over supply disruptions eased and investors assessed the recovery in Saudi oil shipments. Lower crude prices provided some relief to concerns over inflation and higher energy costs for the Indian economy. Foreign fund flows also provided support. Foreign portfolio investors turned net buyers on Friday after a prolonged selling streak. However, FPIs remained net sellers in September through 18 September. Global cues were broadly positive, with most Asian markets advancing and US equity futures trading higher. Investors also remained focused on the planned meeting between US President Donald Trump and Chinese President Xi Jinping later this week, with trade and economic relations among the key areas under watch. The S&P BSE Sensex jumped 564.03 points or 0.76% to 74,858.99. The Nifty 50 index added 67.90 points or 0.29% to 23,414.30. Eternal (up 2.77%), Reliance Industries (up 1.71%) and HDFC Bank (up 1.16%) boosted the Nifty higher today. In the broader market, the BSE 150 MidCap Index shed 0.02% and the BSE 250 SmallCap Index rose 0.09%. The market breadth was negative. On the BSE, 2,213 shares rose and 2,243 shares fell. A total of 261 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 1.07% to 11.26. Numbers to Track: In the commodities market, Brent crude for the November 2026 settlement declined $2.75 or 2.65% to $101.12 a barrel. The United States 10-year bond yield declined 0.92% to 4.950. The yield on India's 10-year benchmark federal paper fell 0.03% to 7.065 compared with the previous session close of 7.067. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.7200 compared with its close of 95.9600 during the previous trading session. MCX Gold futures for the 5 October 2026 settlement fell 0.54% to Rs 1,53,555. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.09% to 100.31. Global Markets: Dow Jones futures were up 416 points on Monday, as investors assessed developments ahead of US President Donald Trump's meeting with Chinese President Xi Jinping in Washington later this week. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held preparatory talks in New York over the weekend, covering trade, tariffs, critical minerals and artificial intelligence. The discussions also included a proposed mechanism for notifying each other about AI incidents with potential national security implications. Investor sentiment was also supported by easing crude oil prices and signs of possible diplomatic engagement between Washington and Tehran. Trump said he was open to meeting Iranian President Masoud Pezeshkian during the United Nations General Assembly in New York this week. However, tensions remained elevated after Iran and the US exchanged threats over the weekend, while Yemen's Iran-backed Houthis launched missile and drone attacks on Saudi Arabia, including targets in Riyadh and near the country's oil infrastructure. European markets advanced on Monday as lower Brent crude oil prices and renewed optimism over a potential US-Iran deal improved investor sentiment. Most Asian indices ended higher, led by technology and semiconductor stocks as strong demand for artificial intelligence infrastructure supported chipmakers. Easing oil prices also provided some relief to markets, although crude remained above $100 a barrel and geopolitical risks continued to weigh on the outlook. The Japanese market was closed for a holiday. Brent crude fell below $102 a barrel as investors focused on signs of a recovery in Saudi oil shipments. Reports indicated that Saudi Arabia was seeking to restore flows through its East-West pipeline after the route was damaged in recent attacks. Saudi crude exports have already recovered to more than 4 million barrels per day in September from 2.4 million barrels per day in August, according to provisional Kpler data. However, the ongoing Houthi attacks and disruption to regional shipping routes remain a risk to global oil supplies. Wall Street ended mixed on Friday. The Dow Jones Industrial Average fell 0.18%, while the S&P 500 gained 0.17% and the Nasdaq Composite rose 0.40%. Semiconductor stocks supported the Nasdaq and S&P 500, while broader weakness weighed on the Dow. US Treasury yields moved above 5% during the session, adding to concerns over inflation and the outlook for interest rates. The upcoming Trump-Xi summit remains a key focus for global markets. Trade tariffs are expected to be a major issue, with the existing US-China trade truce due to expire in November. Discussions are also expected to cover critical minerals and AI, both of which have become increasingly important to the technology supply chain. The latest preparatory talks produced an agreement to establish an AI dialogue and operationalise a previously discussed Board of Trade mechanism. New Listings: Shares of Manika Plastech ended at 43 on the BSE, matching the issue price of Rs 43. The scrip was listed at 43, matching the initial public offer (IPO) price. The stock has hit a high of Rs 43.10 and a low of Rs 40.86. On the BSE, over 7.25 lakh shares of the company were traded in the counter. Stocks in Spotlight: Tega Industries jumped 9.66% after its wholly owned material subsidiary, Tega McNally Minerals, secured a domestic contract worth Rs 126 crore from Kalpataru Projects International. The contract, valued at Rs 126 crore excluding GST, covers the design, engineering, manufacture, inspection, transportation, supply, supervision of erection, testing, commissioning and performance guarantee demonstration of equipment. GK Energy rallied 5.55% after the company received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company (MSEDCL) for setting up a Battery Energy Storage System (BESS) project in Maharashtra. Welspun Corp advanced 3.93% after the company's associate, East Pipes Integrated Company for Industry (EPIC), signed a contract with Saudi Arabian Oil Co. (Aramco) for the manufacturing and supply of steel pipes. EPIC, a listed company in the Kingdom of Saudi Arabia (KSA), secured the contract, valued at 771 million Saudi riyals (SAR), or approximately Rs 2,000 crore, including value added tax. Jaiprakash Power Ventures surged 7.43% after the company announced settlement terms with National Asset Reconstruction Company (NARCL) in connection with insolvency proceedings initiated earlier this year. Jaiprakash Power Ventures said NARCL and the company have agreed to settle the matter and claim for Rs 511 crore as full and final payment. The settlement is subject to fulfilment of certain other conditions and execution of definitive agreement(s). HEG Advanced Materials rallied 3.90% after its subsidiary, Replus Engitech, received orders worth Rs 217.56 crore from Indus Towers for the supply of lithium-ion battery banks. Stallion India Fluorochemicals hit an upper circuit of 5% after the company commenced commercial operations at its Semiconductor & Specialty Gas debulking and blending facility at Khalapur, Maharashtra. Biocon rose 2.60% after its wholly owned subsidiary, Biocon Biologics, received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA). Diamond Power Infrastructure rose 1.73% after the company announced that it has secured orders aggregating Rs 116.49 crore for the supply of 11 kV XLPE insulated medium voltage power cables. Initial Public Offer (IPO): National Stock Exchange of India (NSE) received bids for 50,16,47,312 shares as against 8,86,42,911 shares on offer, according to stock exchange data at 16:36 IST on 21 September 2026. The issue was subscribed 5.66 times. The issue opened for bidding on 17 September 2026 and will close on 21 September 2026. The price band of the IPO is fixed between Rs 1,700 and 1,785 per share. An investor can bid for a minimum of 8 equity shares and multiples thereof. Sonaselection India received bids for 1,99,40,400 shares as against 1,00,10,000 shares on offer, according to stock exchange data at 16:36 IST on 21 September 2026. The issue was subscribed 1.99 times. The issue opened for bidding on 17 September 2026 and will close on 21 September 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 150 equity shares and multiples thereof. First Published: Sep 21 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 21 2026 | 10:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Manika Plastech were currently trading at Rs 41 at 10:15 IST on the BSE, representing a discount of 4.65% as compared with the issue price of Rs 43. The scrip was listed at 113, matching the initial public offer (IPO) price. So far, the stock has hit a high of Rs 43 and a low of Rs 40.86. On the BSE, over 4.10 lakh shares of the company were traded in the counter so far. Manika Plastech was subscribed 28.14 times. The issue received bids for 60,18,93,840 shares against 2,13,86,919 shares on offer. The price band has been fixed at Rs 40 to Rs 43 per share, with a minimum bid of 348 equity shares and multiples thereof. The issue comprised a fresh issue of shares aggregating up to Rs 92.50 crore and an offer for sale of up to 76.74 lakh equity shares. At the upper price band, the OFS is worth around Rs 33 crore. Of the proceeds from the fresh issue, Rs 54.93 crore will be used for capital expenditure towards the purchase of plant and machinery. The company expects the proposed expansion to increase its installed capacity to 38,000 tonnes per annum from the existing 29,200 tonnes per annum. Another Rs 15 crore will be used for repayment or pre-payment, in part or full, of certain borrowings, with the remaining funds earmarked for general corporate purposes. Manika Plastech manufactures rigid polymer packaging products, including battery casings, pails and thinwall containers. Its products cater to industries such as automotive, energy storage, telecommunications, paints, lubricants, agrochemicals, construction chemicals, food and dairy. The company operates seven facilities, including six manufacturing facilities in Dehradun, Hosur, Panipat, Una and Dadra, and one paint facility in Hosur. These facilities have a combined installed capacity of 29,200 tonnes per annum and cover more than 51,000 square metres. Manika Plastech served between 168 and 242 customers across 24 states and union territories during the last three financial years. Its top 20 customers had an average relationship tenure of more than 10 years as of 30 June 2026. 242 For FY2026, consolidated sales increased 7.3% to Rs 435.98 crore. Operating profit rose 28.3% to Rs 58.14 crore, while the operating profit margin improved to 13.34% from 11.14% in FY2025. Profit before tax increased 19.7% to Rs 30.44 crore, while profit after tax rose 15.9% to Rs 22.40 crore. For the three months ended June 2026, net profit stood at Rs 13.07 crore on net sales of Rs 162.45 crore. The operating profit margin for the quarter was 15.01%. The company had consolidated borrowings of Rs 92.46 crore as of 30 June 2026, compared with Rs 88.19 crore as of 31 March 2026. The proposed Rs 15 crore debt repayment from the fresh issue proceeds is expected to reduce its interest burden. The company has identified customer concentration, dependence on repeat orders, crude oil-linked raw material prices, working capital requirements and reliance on leased manufacturing sites among the key risks to its business. Its top five customers accounted for 58.75% of revenue in the three months ended June 2026 and 62.95% in FY2026. First Published: Sep 21 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tega Industries jumped 6.78% to Rs 2,077 after its wholly owned material subsidiary, Tega McNally Minerals, secured a domestic contract worth Rs 126 crore from Kalpataru Projects International. The contract is scheduled to be executed over a period of 14 months. Tega Industries is a global leader in designing and manufacturing of 'critical-to-operate' consumables for the mining, mineral processing and material handling industries. On a consolidated basis, Tega Industries reported net loss of Rs 108.25 crore in Q1 June 2026 as against net profit of Rs 35.34 crore in Q1 June 2025. Net sales surged 383.99% YoY to Rs 1723.44 crore in Q1 June 2026. First Published: Sep 21 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Welspun Corp advanced 1.39% to Rs 2,696 after the company's associate, East Pipes Integrated Company for Industry (EPIC), signed a contract with Saudi Arabian Oil Co. (Aramco) for the manufacturing and supply of steel pipes. EPIC said its fully integrated manufacturing facilities, execution track record and focus on quality and customer service have positioned it as a preferred supplier in the KSA market. The company said it remains focused on supporting Saudi Arabia's strategic objectives under Vision 2030. Separately, the companys wholly-owned subsidiary viz. Welspun Global Holdings (WGHL), DIFC, UAE said that its board of directors approved the incorporation of a wholly owned subsidiary in Jordan. The proposed company shall be incorporated with the object, to carry on the business of manufacturing, producing, processing and fabricating wires, tubes and pipes of iron and steel, including line pipes and other iron and steel tubular products for use in the transportation of water, gas and oil and any other industrial sector as well as for carrying on the business of casting and processing of iron and steel and the manufacture of products and components resulting from such casting activities. Welspun Corp has a diversified portfolio spanning line pipes, ductile iron pipes, stainless steel bars, pipes and tubes, and TMT rebars. It also houses Sintex, a brand focused on water storage tanks and advanced plastic piping solutions. The company serves customers across more than 50 countries on six continents, supported by manufacturing facilities in India, the US and Saudi Arabia. The company's consolidated net profit surged 198.64% to Rs 1046.49 crore on a 14.91% rise in revenue to Rs 4081.12 crore in Q1 FY27 over Q1 FY26. First Published: Sep 21 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indus Towers Ltd has added 0.39% over last one month compared to 0.37% gain in BSE Telecommunication index and 3.88% drop in the SENSEX Indus Towers Ltd lost 2.21% today to trade at Rs 375.5. The BSE Telecommunication index is down 0.88% to quote at 3644. The index is up 0.37 % over last one month. Among the other constituents of the index, Bharti Airtel Ltd decreased 1.02% and Vodafone Idea Ltd lost 0.5% on the day. The BSE Telecommunication index went up 24.94 % over last one year compared to the 9.79% fall in benchmark SENSEX. Indus Towers Ltd has added 0.39% over last one month compared to 0.37% gain in BSE Telecommunication index and 3.88% drop in the SENSEX. On the BSE, 3740 shares were traded in the counter so far compared with average daily volumes of 1.38 lakh shares in the past one month. The stock hit a record high of Rs 481.55 on 19 Feb 2026. The stock hit a 52-week low of Rs 337.75 on 14 Oct 2025. First Published: Sep 21 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian Paints Ltd has lost 6.97% over last one month compared to 6.83% fall in BSE Consumer Durables index and 3.88% drop in the SENSEX Asian Paints Ltd gained 2.13% today to trade at Rs 2456.25. The BSE Consumer Durables index is up 0.95% to quote at 60819.64. The index is down 6.83 % over last one month. Among the other constituents of the index, Dixon Technologies (India) Ltd increased 1.44% and Titan Company Ltd added 1.13% on the day. The BSE Consumer Durables index went down 0.54 % over last one year compared to the 9.79% fall in benchmark SENSEX. Asian Paints Ltd has lost 6.97% over last one month compared to 6.83% fall in BSE Consumer Durables index and 3.88% drop in the SENSEX. On the BSE, 273 shares were traded in the counter so far compared with average daily volumes of 18051 shares in the past one month. The stock hit a record high of Rs 2985.5 on 04 Dec 2025. The stock hit a 52-week low of Rs 2116 on 23 Mar 2026. First Published: Sep 21 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 21 2026 | 10:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On September 17, the Tata Sons board passed a resolution supporting a third term for N Chandrasekaran as chairman, with a 4:1 vote in his favour. First Published: Sep 21 2026 | 10:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Subsidiary - Provigil Surveillance receives order of Rs 44.60 lakh from Nayara Energy First Published: Sep 21 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Manika Plastech shares make flat market debut, list at par with IPO price ManikaPlastech shares made a flat debut on the exchanges on Monday as they listed at the IPO price, in-line the grey market expectations. ManikaPlastech shares listed flat at ?43 on both BSE and NSE Ahead of the debut, ManikaPlastech IPO’s grey market premium (GMP) was trading at a marginal premium of 2.22 per cent at ?1, indicating a listing price of ?44 per share. Shivani Nyati, Head of Wealth at Swastika Investmart, noted that ManikaPlastech made a flat debut, in line with its issue price. She added that the company’s improving operating performance remains a key positive, with Ebitda margins expanding from 8.37 per cent in FY24 to 13.30 per cent in FY26. Its top 20 clients also have an average relationship of over 10 years, indicating strong customer retention. "Post-listing, investors can hold with a stop-loss of ?38–39, while fresh investors may wait for some price stability before considering an entry," Nyati said. The initial public offering of ManikaPlastech received bids for 60,18,93,840 shares as against 2,13,86,919 shares on offer. The issue was subscribed 28.14 times. ManikaPlastech IPO Details The IPO opened for subscription on September 11 and closed for bidding on 16 September 2026. ManikaPlastech IPO is a book build issue of ?125.50 crores. The issue is a combination of fresh issue of 2.15 crore shares aggregating to ?92.50 crores and offer for sale of 76.74 lakh shares aggregating to ?33 crores. The company has set issue price band at ?40 to ?43 per share. The lot size for an application is 348 shares. Of the proceeds from the fresh issue, ?54.93 crore will be used for capital expenditure towards the purchase of plant and machinery. The company expects the proposed expansion to increase its installed capacity to 38,000 tonnes per annum from the existing 29,200 tonnes per annum. Another ?15 crore will be used for repayment or pre-payment, in part or full, of certain borrowings, with the remaining funds earmarked for general corporate purposes. ManikaPlastech manufactures rigid polymer packaging products, including battery casings, pails and thinwall containers. Its products cater to industries such as automotive, energy storage, telecommunications, paints, lubricants, agrochemicals, construction chemicals, food and dairy. The company operates seven facilities, including six manufacturing facilities in Dehradun, Hosur, Panipat, Una and Dadra, and one paint facility in Hosur. These facilities have a combined installed capacity of 29,200 tonnes per annum and cover more than 51,000 square metres. Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. First Published: Sep 21 2026 | 10:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Used in treatment of HER2-positive breast cancer across multiple disease stages Biocon Biologics announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has issued a positive opinion recommending the granting of a marketing authorisation to its Pertuzumab biosimilar as 420 mg concentrate solution for infusion, under the brand name Pebrilzo, for the treatment of HER2-positive breast cancer across multiple disease stages. The positive opinion follows the review of the marketing authorization application submitted by Biocon Biologics Ireland (formerly Biosimilar Collaborations Ireland), an indirect wholly-owned subsidiary of Biocon Biologics. The European Commission will now proceed with the final review of the application and issue its decision. Following a positive decision, the Summary of Product Characteristics (SmPC) will be available in all official European Union languages, while the European Public Assessment Report (EPAR) will be published on the EMA website in the weeks following the decision. Until marketing authorisation is granted by the European Commission, the product is not authorised for use in the European Union. First Published: Sep 21 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Complete Sports and Management India (CSML) has received an order valued at approximately Rs 24 crore from a large South India-based company for the development and construction of what is planned to be India's first and largest indoor go-karting track. The project will involve CSML in the design, development, execution and construction of the indoor go-karting facility, including the associated infrastructure and related requirements. First Published: Sep 21 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Capital shares fall even as Emkay sees growth, asset quality on track At 09:20 AM, Tata Capital was down 0.88 per cent at ?348.25, compared to a 0.16 per cent gain in the Nifty 50. In intraday trading, Tata Capital fell 1.13 per cent at ?347. Emkay on Tata Capital Tata Capital Q1FY27 result Tata Capital reported a 56 per cent year-on-year rise in its consolidated net profit to Rs 1,547 crore for the April-June quarter of FY27 (Q1 FY27), supported by healthy loan growth. The net interest income (NII) of the NBFC rose 25 per cent year-on-year to Rs 3,571 crore, while total income grew 23 per cent year-on-year to Rs 4,455 crore. Gross loans grew 23 per cent year-on-year to Rs 2.86 trillion at the end of June. Assets under management (AUM) grew 22 per cent year-on-year to Rs 2.90 trillion. Retail and SME loans constituted 85.4 per cent of its net AUM. First Published: Sep 21 2026 | 9:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The IPO comprises a fresh issue of shares worth ?750 crore and an offer for sale (OFS) of up to 100.49 million shares from existing investors Accel-backed Indian fintech platform Moneyview is seeking a valuation of up to ?5,985 crore ($623.89 million) in a trimmed initial public offering that is set to open for public subscriptions on September 24. Moneyview, formerly known as Whizdm ?Innovations, provides users a suite of financial products through a network of banks, non-bank lenders, insurers, and other financial institutions. The IPO comprises a fresh issue of shares worth ?750 crore and an offer for sale (OFS) of up to 100.49 million shares from existing investors. Co earlier planned a fresh issue of ?1,500 crore and an OFS of 136.1 million shares, as per the draft red herring prospectus. ?It did not immediately specify the reason for the reduction in offer size. Fintech platform plans to use IPO proceeds to drive growth in loan disbursals, invest in a subsidiary, and for general corporate purposes. Promoters Puneet Agarwal and Sanjay Aggarwal to sell up to 13.55 million shares each, while Accel, Tiger Global and Ribbit Capital are also selling stakes. The IPO will close on September 28, while the stock is expected ?to begin trading from October 1. Anchor investors can bid on September 23. The company's consolidated profit before exceptional items jumped 65.4% ?to ?397 crore in fiscal year 2026, while revenue rose 43.3% to ??3,351 crore during the year, driven by an increase in fees and commissions collected from users, as per its annual report. The IPO comes at a busy time in India as primary market activity picked up pace in the second half of 2026 after a muted ?first half due to geopolitical tensions. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 21 2026 | 9:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Premier Energies has commissioned its 7 GW N-type TOPCon G12R solar cell manufacturing facility at Naidupeta, Andhra Pradesh and starts trial runs, taking the company's total solar cell capacity to 10.6 GW ( India's largest cell manufacturer ). Spread across 101 acres and developed at a capital expenditure of Rs 3,293 crore, the facility is India's largest solar cell manufacturing plant. Built for high-throughput, digitally enabled manufacturing, the facility can produce approximately 88,000 solar cells per hour. Advanced digital systems and artificial intelligence support predictive performance analysis, tighter process control and precision manufacturing, while fully automated transport, packing and packaging systems improve throughput, consistency and operating efficiency. First Published: Sep 21 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For the week ended September 11, foreign currency assets, a major component of reserves, fell by USD 2.372 billion to USD 645.796 billion, the central bank data showed. The value of gold reserves fell by USD 2.591 billion to USD 111.225 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up USD 39 million to USD 18.845 billion, the apex bank said. Indias reserve position with the IMF stood at USD 4.916 billion in the reporting week, according to the apex banks data. First Published: Sep 21 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bandhan Bank, Inox Wind, Manappuram Finance, SAIL are barred from trading in F&O on 21 September 2026. New Listing: Manika Plastech will list today on the stock market. The initial public offer (IPO) was subscribed 5.93 times. It was opened from 11 16 September 2026. The price band was fixed between Rs 40-43 per share. Stocks to Watch: Hy-Tech Engineers has reported 10.8% rise in standalone net profit to Rs 4.60 crore on a 12.9% increase in revenue to Rs 41.26 crore in Q1 FY27 as compared with Q1 FY26. Shilpa Medicare said the US Food and Drug Administration (USFDA) conducted a surveillance inspection at Unit VII of its Analytical Services Division in Hyderabad from 16 to 18 September 2026. The inspection concluded with one procedural observation, which was neither a repeat observation nor related to data integrity Hazoor Multi Projects said that it has has received Work Order from Emerald Haven Life Spaces 3 (EHLS3PL) for a project worth Rs 207.44 crore. The contract is for undertaking RCC Core & Shell works at a residential project located at Pallavaram, Chengalpattu, Chennai. Rossell Techsys said that its board approved a proposal for the issuance of 25.72 lakh fully paid-up equity shares for a total consideration of Rs 299.99 crore, on a private placement basis, to SBI Mutual Fund & SBI Optimal Equity Fund. The said shares would be issued at a price of Rs 1,166 per equity share, which includes a premium of Rs 1,164 per equity share. Apollo Pipes said its subsidiary, Apollo Ceramics acquired a 76% controlling stake and profit-sharing rights in Mazzini Tiles for Rs 40.42 crore to expand its tiles and ceramics business. Mazagon Dock Shipbuilders (MDL) has entered into an MoU with National Shipbuilding & Heavy Industries Park Andhra Pradesh (NSHIPAP) to serve as the anchor shipyard for the proposed greenfield shipbuilding industrial cluster at Dugarajapatnam. The proposed shipyard is envisaged to have an annual shipbuilding capacity of at least 1.2 million gross tonnage (GT). First Published: Sep 21 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty September 2026 futures were up 40.50 points, indicating a positive start for the Nifty 50. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 599.54 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,019.69 crore in the Indian equity market on 18 September 2026, according to provisional data. FPIs sold shares worth Rs 23,676.65 crore in September so far, through 18 September 2026. This follows net cash purchases of Rs 17,366 crore in August 2026, while they were net buyers of Rs 6,731.97 crore in July 2026. Global Markets: Dow Jones futures were up 131 points on Monday, as investors assessed developments ahead of US President Donald Trump's meeting with Chinese President Xi Jinping in Washington later this week. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held preparatory talks in New York over the weekend, covering trade, tariffs, critical minerals and artificial intelligence. The discussions also included a proposed mechanism for notifying each other about AI incidents with potential national security implications. Investor sentiment was also supported by easing crude oil prices and signs of possible diplomatic engagement between Washington and Tehran. Trump said he was open to meeting Iranian President Masoud Pezeshkian during the United Nations General Assembly in New York this week. However, tensions remained elevated after Iran and the US exchanged threats over the weekend, while Yemen's Iran-backed Houthis launched missile and drone attacks on Saudi Arabia, including targets in Riyadh and near the country's oil infrastructure. Most Asian indices advanced on Monday, led by technology and semiconductor stocks as strong demand for artificial intelligence infrastructure supported chipmakers. Easing oil prices also provided some relief to markets, although crude remained above $100 a barrel and geopolitical risks continued to weigh on the outlook. Japanese market is closed for a holiday. Brent crude fell below $104 a barrel as investors focused on signs of a recovery in Saudi oil shipments. Reports indicated that Saudi Arabia was seeking to restore flows through its East-West pipeline after the route was damaged in recent attacks. Saudi crude exports have already recovered to more than 4 million barrels per day in September from 2.4 million barrels per day in August, according to provisional Kpler data. However, the ongoing Houthi attacks and disruption to regional shipping routes remain a risk to global oil supplies. Wall Street ended mixed on Friday. The Dow Jones Industrial Average fell 0.18%, while the S&P 500 gained 0.17% and the Nasdaq Composite rose 0.40%. Semiconductor stocks supported the Nasdaq and S&P 500, while broader weakness weighed on the Dow. US Treasury yields moved above 5% during the session, adding to concerns over inflation and the outlook for interest rates. The upcoming Trump-Xi summit remains a key focus for global markets. Trade tariffs are expected to be a major issue, with the existing US-China trade truce due to expire in November. Discussions are also expected to cover critical minerals and AI, both of which have become increasingly important to the technology supply chain. The latest preparatory talks produced an agreement to establish an AI dialogue and operationalise a previously discussed Board of Trade mechanism. Domestic Market: The key equity benchmarks ended mixed on Friday, as easing crude oil prices and softer global bond yields supported investor sentiment. Market sentiment was also aided by Moody's upward revision of India's FY27 GDP growth forecast to 7% from 6%, citing stronger-than-expected domestic activity and the resilience of the economy amid the ongoing conflict in West Asia. However, Moody's flagged elevated energy prices and El Ni-related food price pressures as risks to inflation, consumption and growth. The S&P BSE Sensex shed 19.63 points or 0.03% to 74,294.96, while the Nifty 50 index rose 75.80 points or 0.33% to 23,346.40. First Published: Sep 21 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Panchmahal Steel said that it has been declared the lowest bidder (L1) by Bharat Heavy Electricals (BHEL) for supply of stainless steel (SS) wire, as per the technical delivery conditions, to BHEL's Boiler Auxiliaries Plant at Ranipet, Tamil Nadu. Panchmahal Steel is primarily engaged in the manufacturing of stainless steel long products. The company has a single-site setupfrom steel melng, hot rolling and cold finishing, and is serving a comprehensive range of Stainless-Steel grades, in wire rods, bars & wires to crical sectors. These material are suitable for a wide range of applicaons in engineering, construcon, infrastructure, automove and railways, oil and gas, defense, energy, consumer durables, food processing and dairy industry, housing and pharmaceucals etc. The company reported a consolidated net profit of Rs 4.33 crore in Q1 FY27 compared with net loss of Rs 1.92 crore in Q1 FY26. Revenue from operations increased 7.33% YoY to Rs 93.96 crore in Q1 FY27. \ The counter advanced 1.02% to settle at Rs 302.75 on the BSE. First Published: Sep 21 2026 | 8:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 21 2026 | 8:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market outlook by Hitesh Rathi of Angel One. (Reuters) Physicswallah First Published: Sep 21 2026 | 8:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: Tata Group, OMCs, Welspun Corp, Mazagon Dock, Apollo Pipes First Published: Sep 21 2026 | 7:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to open on a negative note on Monday. Asian markets advanced ahead of Trump-Xi meet. First Published: Sep 21 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Choice Broking is bullish on Jubilant Foodworks, AB Capital and RBL Bank. First Published: Sep 21 2026 | 7:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Share markets edged higher in Asia on Monday as AI's insatiable demand for data buoyed chipmakers, and oil eased as hopes Saudi Arabia could boost supplies offset news of a Houthi attack on Riyadh. Trade was thin with Japan on its Silver Week holiday through to Wednesday, leaving the dollar steady at 157.00 yen with investors wary in case the Bank of Japan took advantage of the lack of liquidity to intervene in ?support of its currency. The yen jumped on Friday after Japanese authorities conducted rate checks in the currency market, the Nikkei newspaper reported. Japan's Nikkei was shut but futures rose 0.5%, while South Korea's tech-heavy index gained 1.1%. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3%. S&P 500 futures firmed 0.3%, while Nasdaq futures added 0.4%. In Europe, EUROSTOXX 50 futures and DAX futures both rose 0.2%, while FTSE futures were flat. Bond markets remained tense after a vicious selloff saw US 2-year yields jump 36 basis points in the past two weeks to heights not seen since mid-2024 at 4.7604%. Hawkish guidance from the Federal Reserve last week has futures wagering on a 56% chance it will hike rates again in October, with a move by year-end considered a done deal. "Tightening cycles are generally front-loaded, and the Fed almost never stops after one hike," wrote analysts at BofA in a note. "With nominal consumer spending up 6.3% on the year, ?well above the 5% level historically associated with above-target core inflation, the Fed has little choice but to restrain demand." "Thus, we are retaining our call for just two more hikes, in October and December." Central banks in the EU, UK, Japan, Australia and New Zealand are also expected to tighten again by year end. The Swiss National Bank, Sweden's Riksbank and Norges Bank hold policy meetings on Thursday, but all are seen holding steady for now. Bonds have also been dogged by deficit worries with the risk premium on French debt spiking on Friday to its widest since the euro zone debt crisis. German debt could come under pressure later on Monday after Chancellor Friedrich Merz's mainstream conservative party suffered its worst election results since 1949. The news kept the euro flat at $1.1477, having shed almost 1% last week as the dollar ?gained broadly. Oil prices held above $100 as Iran and the United States exchanged new threats and after the Houthis attacked Saudi Arabia's capital. Brent was off 0.2% at $103.68 a barrel, while US crude dipped 0.3% to $100.02. There were reports that Saudi Arabia was aiming to quickly restart some flows ?through its main east-to-west pipeline after it was damaged in attacks last week, though details were lacking. "The closure of the East-West pipeline has materially ?altered the state of the oil market," said Vivek Dhar, head of commodities at CBA. "We now estimate that oil markets have 5 to 10 weeks before global oil and refined product inventories deplete, compared to estimates closer to 15 to 20 weeks just a ?fortnight ago." This would increase pressure on Washington to make a deal with Iran, at least to restore some flows through the Strait of Hormuz and keep the Bab el-Mandeb passage open, he added. US President Donald Trump will be attending the United Nations General Assembly this ?week, ahead of a meeting with Chinese President Xi Jinping on Thursday. In other commodity markets, the rise in yields hampered non-interest-paying gold, which eased 0.2% to $4,370 an ounce. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 21 2026 | 7:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US West Texas Intermediate crude lost $2.15, or 2.14%, to $98.15 a barrel following a 1.58% drop in the previous session Oil prices slid to their lowest in more than a week on Monday on hopes diplomacy in the Iran war will get a chance this week amid a UN meet and as investors eyed a partial recovery in shipments from Saudi Arabia despite ongoing attacks by Yemen's Houthis. Brent crude futures and US West Texas Intermediate crude touched their lowest since September 10 earlier on ?Monday, with Brent at $101.71 a barrel by 0213 GMT, down $2.16, or 2.08%, after settling 0.91% lower on Friday. US West Texas Intermediate crude lost $2.15, or 2.14%, to $98.15 a barrel following a 1.58% drop in the previous session. "It seems that a degree of risk premium is being removed from oil prices on hopes that a diplomatic path to de-escalate the US-Iran war may arrive this week," Tim Waterer, chief market analyst at KCM Trade, said. "Whether that hope proves to be warranted or not is another question. Time will tell." The WTI broke a key psychological support at $100 a barrel while some investors may have rolled over their positions in the October contract a day ahead of expiry to November, a Singapore-based broker said. Iran and the US exchanged new threats on Sunday amid the stalemate, although President Donald Trump said he would ?be open to meeting Iranian President Masoud Pezeshkian, who is expected to be in New York this week for the United Nations General Assembly. Iran has conveyed its conditions to mediators for re-engaging in negotiations aimed at ending the war with the US, Al Jazeera cited Iran's security chief, Mohsen Rezaei, as saying in an interview on Saturday. However, tensions in the West Asia remained elevated as Yemen's Iran-backed Houthis said they attacked "sensitive" sites in the Saudi capital of Riyadh on Saturday with missiles and drones, as well as an Aramco facility in the Red Sea city of Yanbu, a key oil export hub. China has asked Iran to help rein in the Houthis after an appeal to Beijing by Saudi Arabia following the attacks, according to three Iranian ?sources familiar with the matter. The attacks by the Houthis on Saudi Aramco's East-West pipeline have prompted the state energy firm to increase exports through the Strait of Hormuz this month and next after halting some shipments via Yanbu. That enabled exports from the ?OPEC kingpin to recover to over 4 million barrels per day (bpd) so far in September after slumping to 2.4 million bpd in ?August, the lowest since at least 2013, according to provisional data from analytics firm Kpler. "Middle East oil flows remain surprisingly strong despite the disruption to Saudi Arabia's East-West pipeline," JPMorgan analysts said in a September 18 note, adding that ?the total oil flows averaged 17.1 million bpd in the past 10 days, just 6.1 million bpd below the 2025 average. "The most notable pivot has come from Saudi Arabia," the analysts said, as satellite data indicated Saudi oil moving through the ?Strait of Hormuz averaged 2.9 million bpd over the past six days, up from just 700,000 bpd in August. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 21 2026 | 7:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Harshad Patwardhan, Chief Investment Officer, Union AMC This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Semiconductor engineering services firm Tessolve, a Hero Electronix venture, is in active talks to acquire two more companies -- one based in the US and another in India -- as it targets annual revenue of over $500 million (about ?4,700 crore) within the next three to four years, its Co-Founder and Chief Executive Officer Srini Chinamilli said. "We are in active talks with some companies we have not yet announced... We are talking to one company in the US, and there is one local (Indian) company as well," Chinamilli told PTI in an interview, without naming the companies involved. One of the deals is expected to close in the next couple of months, while the other is likely to be completed by the end of the current fiscal year, he said. Most of Tessolve's acquisitions are aimed at adding capabilities or geographic presence the company does not already have, rather than purely boosting revenue, Chinamilli said. Its most recent acquisition, Germany-based chip design firm Dream Chip Technologies, has "more than doubled" its revenue since being acquired in 2024, he said. Tessolve acquired a 100 per cent stake in Dream Chip in November 2024 for ?400 crore. "Our aspiration is to cross half a billion dollar revenues in the next three-four years," Chinamilli said, adding that the company's goal is to become the "number one semiconductor engineering solutions company in the world." The company's revenue rose to ?1,526 crore in the financial year ended March 2026 (FY26), up from ?1,157 crore in FY25. Tessolve had earlier set a target of ?2,000 crore in revenue for the current financial year (FY27) and said it remained on track to exceed that figure. "We will for sure exceed ?2,000 crore... We have good organic growth. Organic growth is 20 per cent plus," Chinamilli said, adding that overall growth was expected to be higher still this year. Work linked to artificial intelligence (AI) chips and data centres now accounts for at least 25 per cent of Tessolve's revenue, a share that has been rising steadily over the past two years, he said. Tessolve raised USD 150 million from US private equity firm TPG in September 2025, its largest fundraise to date. Tessolve plans to utilise the capital to strengthen global delivery centres, expand advanced test labs and accelerate strategic acquisitions. The company currently employs over 4,000 people across 12 countries, with around 85 per cent of its workforce based in India across nine cities. Besides India, the US, Germany and the Netherlands, Tessolve has also expanded into Taiwan and is growing its presence in Malaysia. Asked whether Tessolve was preparing for a stock market listing, Chinamilli said it was "too early to comment," describing an initial public offering (IPO) as "definitely one possibility" under consideration, though the company had not yet begun formal preparations. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 3:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Realty firm Ashiana Housing will invest ?1,000 crore this fiscal to buy land parcels for development of housing projects as part of its expansion plan, a top company official said. Listed entity Ashiana Housing is one of the leading real estate developers in the country. It specialises in building homes for elderly people. In an interview with PTI, Ashiana Housing MD Vishal Gupta said housing demand continues to be strong despite global uncertainties. To tap this demand, he said the company is expanding business across major markets including Delhi-NCR, Rajasthan, Maharashtra and Tamil Nadu. On land acquisition, Gupta said the company is continuously looking for land to develop regular group housing and also senior living projects. "We will be investing around ?1,000 crore this fiscal on land acquisition," he said, adding that the company has enough cash to fund the investment. The land acquisition would be outright as well as joint development with landowners. On sales bookings for the 2026-2027 fiscal, Gupta said it should be more or less the same as the last fiscal that saw pre-sales of over ?2,400 crore. In the first quarter of the current fiscal, Ashiana Housing achieved sales bookings of ?358 crore as against ?431 crore in the year-ago period. During the April-June quarter, the company acquired 28.55 acres of land on an outright purchase basis in Pune. This was the largest ever land deal by the company for development of a senior living project. The upcoming project will have a saleable area of 20 lakhs sq ft and a revenue potential of ?1,800 crore. Gupta noted that the senior living segment has a great business potential with ageing population. Recently addressing a CII event, Gupta, who is also head of CREDAI-NCR, emphasised on the need to develop affordable housing projects. Ease of doing business, rationalisation of taxes and availability of cheaper land as well as capital would help in enhancing supply of affordable homes, he felt. "The most important thing that has happened to the real estate market in the last 7-8 years has been RERA, and that has brought a significant amount of transparency and trust back into the system. But we also now need to layer it with ease of doing business, thereby reducing the inefficiencies of delay," he had said. The Real Estate (Regulation and Development) Act, 2016, known as RERA, was enacted by Parliament to regulate the contractual relationship between homebuyers and promoters. It aims to ensure transparency and accountability in the sector, thereby protecting the interests of homebuyers. Gupta pointed out that the industry faces significant delays in getting building plan approvals as well as registration certificates from state real estate regulatory authorities. Talking about the need for skilled manpower, Gupta said that there is a dearth of good-quality contractors and workers. He said the workforce is getting more expensive because of the lack of skilled labourers, which in turn leads to an increase in the cost of construction. "So, we need to figure out how to make our cost more effective," Gupta said. He stressed the need to enhance the supply of land parcels for development activities. Gupta said the quantum of land being used for plotted development in this country is "crazy" and felt that it is a waste of land resources. "I think the last and a very, very important part of creating affordability is creating cheap capital. And capital will fly to those places where there is not just opportunity, but there is also certainty. So we need to create more predictable environments where laws are far more predictable. Ease of doing business is far higher. That's how more and more capital will fly into this business," he said. Gupta said the industry needs capital at lower cost for creating more supply, which will lead to more affordability. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Realty firm Ashiana Housing will invest ?1,000 crore this fiscal to buy land parcels for development of housing projects as part of its expansion plan, a top company official said. Listed entity Ashiana Housing is one of the leading real estate developers in the country. It specialises in building homes for elderly people. In an interview with PTI, Ashiana Housing MD Vishal Gupta said housing demand continues to be strong despite global uncertainties. To tap this demand, he said the company is expanding business across major markets including Delhi-NCR, Rajasthan, Maharashtra and Tamil Nadu. On land acquisition, Gupta said the company is continuously looking for land to develop regular group housing and also senior living projects. "We will be investing around ?1,000 crore this fiscal on land acquisition," he said, adding that the company has enough cash to fund the investment. The land acquisition would be outright as well as joint development with landowners. On sales bookings for the 2026-2027 fiscal, Gupta said it should be more or less the same as the last fiscal that saw pre-sales of over ?2,400 crore. In the first quarter of the current fiscal, Ashiana Housing achieved sales bookings of ?358 crore as against ?431 crore in the year-ago period. During the April-June quarter, the company acquired 28.55 acres of land on an outright purchase basis in Pune. This was the largest ever land deal by the company for development of a senior living project. The upcoming project will have a saleable area of 20 lakhs sq ft and a revenue potential of ?1,800 crore. Gupta noted that the senior living segment has a great business potential with ageing population. Recently addressing a CII event, Gupta, who is also head of CREDAI-NCR, emphasised on the need to develop affordable housing projects. Ease of doing business, rationalisation of taxes and availability of cheaper land as well as capital would help in enhancing supply of affordable homes, he felt. "The most important thing that has happened to the real estate market in the last 7-8 years has been RERA, and that has brought a significant amount of transparency and trust back into the system. But we also now need to layer it with ease of doing business, thereby reducing the inefficiencies of delay," he had said. The Real Estate (Regulation and Development) Act, 2016, known as RERA, was enacted by Parliament to regulate the contractual relationship between homebuyers and promoters. It aims to ensure transparency and accountability in the sector, thereby protecting the interests of homebuyers. Gupta pointed out that the industry faces significant delays in getting building plan approvals as well as registration certificates from state real estate regulatory authorities. Talking about the need for skilled manpower, Gupta said that there is a dearth of good-quality contractors and workers. He said the workforce is getting more expensive because of the lack of skilled labourers, which in turn leads to an increase in the cost of construction. "So, we need to figure out how to make our cost more effective," Gupta said. He stressed the need to enhance the supply of land parcels for development activities. Gupta said the quantum of land being used for plotted development in this country is "crazy" and felt that it is a waste of land resources. "I think the last and a very, very important part of creating affordability is creating cheap capital. And capital will fly to those places where there is not just opportunity, but there is also certainty. So we need to create more predictable environments where laws are far more predictable. Ease of doing business is far higher. That's how more and more capital will fly into this business," he said. Gupta said the industry needs capital at lower cost for creating more supply, which will lead to more affordability. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Realty firm Ashiana Housing will invest ?1,000 crore this fiscal to buy land parcels for development of housing projects as part of its expansion plan, a top company official said. Listed entity Ashiana Housing is one of the leading real estate developers in the country. It specialises in building homes for elderly people. In an interview with PTI, Ashiana Housing MD Vishal Gupta said housing demand continues to be strong despite global uncertainties. To tap this demand, he said the company is expanding business across major markets including Delhi-NCR, Rajasthan, Maharashtra and Tamil Nadu. On land acquisition, Gupta said the company is continuously looking for land to develop regular group housing and also senior living projects. "We will be investing around ?1,000 crore this fiscal on land acquisition," he said, adding that the company has enough cash to fund the investment. The land acquisition would be outright as well as joint development with landowners. On sales bookings for the 2026-2027 fiscal, Gupta said it should be more or less the same as the last fiscal that saw pre-sales of over ?2,400 crore. In the first quarter of the current fiscal, Ashiana Housing achieved sales bookings of ?358 crore as against ?431 crore in the year-ago period. During the April-June quarter, the company acquired 28.55 acres of land on an outright purchase basis in Pune. This was the largest ever land deal by the company for development of a senior living project. The upcoming project will have a saleable area of 20 lakhs sq ft and a revenue potential of ?1,800 crore. Gupta noted that the senior living segment has a great business potential with ageing population. Recently addressing a CII event, Gupta, who is also head of CREDAI-NCR, emphasised on the need to develop affordable housing projects. Ease of doing business, rationalisation of taxes and availability of cheaper land as well as capital would help in enhancing supply of affordable homes, he felt. "The most important thing that has happened to the real estate market in the last 7-8 years has been RERA, and that has brought a significant amount of transparency and trust back into the system. But we also now need to layer it with ease of doing business, thereby reducing the inefficiencies of delay," he had said. The Real Estate (Regulation and Development) Act, 2016, known as RERA, was enacted by Parliament to regulate the contractual relationship between homebuyers and promoters. It aims to ensure transparency and accountability in the sector, thereby protecting the interests of homebuyers. Gupta pointed out that the industry faces significant delays in getting building plan approvals as well as registration certificates from state real estate regulatory authorities. Talking about the need for skilled manpower, Gupta said that there is a dearth of good-quality contractors and workers. He said the workforce is getting more expensive because of the lack of skilled labourers, which in turn leads to an increase in the cost of construction. "So, we need to figure out how to make our cost more effective," Gupta said. He stressed the need to enhance the supply of land parcels for development activities. Gupta said the quantum of land being used for plotted development in this country is "crazy" and felt that it is a waste of land resources. "I think the last and a very, very important part of creating affordability is creating cheap capital. And capital will fly to those places where there is not just opportunity, but there is also certainty. So we need to create more predictable environments where laws are far more predictable. Ease of doing business is far higher. That's how more and more capital will fly into this business," he said. Gupta said the industry needs capital at lower cost for creating more supply, which will lead to more affordability. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Realty firm Ashiana Housing will invest ?1,000 crore this fiscal to buy land parcels for development of housing projects as part of its expansion plan, a top company official said. Listed entity Ashiana Housing is one of the leading real estate developers in the country. It specialises in building homes for elderly people. In an interview with PTI, Ashiana Housing MD Vishal Gupta said housing demand continues to be strong despite global uncertainties. To tap this demand, he said the company is expanding business across major markets including Delhi-NCR, Rajasthan, Maharashtra and Tamil Nadu. On land acquisition, Gupta said the company is continuously looking for land to develop regular group housing and also senior living projects. "We will be investing around ?1,000 crore this fiscal on land acquisition," he said, adding that the company has enough cash to fund the investment. The land acquisition would be outright as well as joint development with landowners. On sales bookings for the 2026-2027 fiscal, Gupta said it should be more or less the same as the last fiscal that saw pre-sales of over ?2,400 crore. In the first quarter of the current fiscal, Ashiana Housing achieved sales bookings of ?358 crore as against ?431 crore in the year-ago period. During the April-June quarter, the company acquired 28.55 acres of land on an outright purchase basis in Pune. This was the largest ever land deal by the company for development of a senior living project. The upcoming project will have a saleable area of 20 lakhs sq ft and a revenue potential of ?1,800 crore. Gupta noted that the senior living segment has a great business potential with ageing population. Recently addressing a CII event, Gupta, who is also head of CREDAI-NCR, emphasised on the need to develop affordable housing projects. Ease of doing business, rationalisation of taxes and availability of cheaper land as well as capital would help in enhancing supply of affordable homes, he felt. "The most important thing that has happened to the real estate market in the last 7-8 years has been RERA, and that has brought a significant amount of transparency and trust back into the system. But we also now need to layer it with ease of doing business, thereby reducing the inefficiencies of delay," he had said. The Real Estate (Regulation and Development) Act, 2016, known as RERA, was enacted by Parliament to regulate the contractual relationship between homebuyers and promoters. It aims to ensure transparency and accountability in the sector, thereby protecting the interests of homebuyers. Gupta pointed out that the industry faces significant delays in getting building plan approvals as well as registration certificates from state real estate regulatory authorities. Talking about the need for skilled manpower, Gupta said that there is a dearth of good-quality contractors and workers. He said the workforce is getting more expensive because of the lack of skilled labourers, which in turn leads to an increase in the cost of construction. "So, we need to figure out how to make our cost more effective," Gupta said. He stressed the need to enhance the supply of land parcels for development activities. Gupta said the quantum of land being used for plotted development in this country is "crazy" and felt that it is a waste of land resources. "I think the last and a very, very important part of creating affordability is creating cheap capital. And capital will fly to those places where there is not just opportunity, but there is also certainty. So we need to create more predictable environments where laws are far more predictable. Ease of doing business is far higher. That's how more and more capital will fly into this business," he said. Gupta said the industry needs capital at lower cost for creating more supply, which will lead to more affordability. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Digital marketing solutions provider Liqvd Digital India Ltd on Sunday said its ?39-crore initial public offering (IPO) will open for subscription on September 23. The company has fixed a price band of ?51-54 per equity share, according to a statement. The three-day issue will conclude on September 25, and shares are proposed to be listed on the BSE SME platform. The ?39-crore IPO comprises a fresh issue of ?34.14 crore and an offer-for-sale of 9.02 lakh equity shares, worth ?4.87 crore at the upper end, by promoter Arnab Mitra. Of the fresh issue proceeds, ?9 crore will be used to fund the acquisition of a 23.21 per cent stake in AdLift Marketing Pvt Ltd, while ?10.59 crore will be utilised for setting up a full-scale video content production hub. Another ?6.57 crore will go towards incremental working capital requirements, with the remaining funds earmarked for acquisitions and general corporate purposes. Liqvd Digital India reported consolidated revenue from operations of ?60.24 crore and net profit of ?8.03 crore in FY26. Indorient Financial Services is the book-running lead manager, while Bigshare Services is the registrar to the issue. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 2:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Digital marketing solutions provider Liqvd Digital India Ltd on Sunday said its ?39-crore initial public offering (IPO) will open for subscription on September 23. The company has fixed a price band of ?51-54 per equity share, according to a statement. The three-day issue will conclude on September 25, and shares are proposed to be listed on the BSE SME platform. The ?39-crore IPO comprises a fresh issue of ?34.14 crore and an offer-for-sale of 9.02 lakh equity shares, worth ?4.87 crore at the upper end, by promoter Arnab Mitra. Of the fresh issue proceeds, ?9 crore will be used to fund the acquisition of a 23.21 per cent stake in AdLift Marketing Pvt Ltd, while ?10.59 crore will be utilised for setting up a full-scale video content production hub. Another ?6.57 crore will go towards incremental working capital requirements, with the remaining funds earmarked for acquisitions and general corporate purposes. Liqvd Digital India reported consolidated revenue from operations of ?60.24 crore and net profit of ?8.03 crore in FY26. Indorient Financial Services is the book-running lead manager, while Bigshare Services is the registrar to the issue. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 2:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Digital marketing solutions provider Liqvd Digital India Ltd on Sunday said its ?39-crore initial public offering (IPO) will open for subscription on September 23. The company has fixed a price band of ?51-54 per equity share, according to a statement. The three-day issue will conclude on September 25, and shares are proposed to be listed on the BSE SME platform. The ?39-crore IPO comprises a fresh issue of ?34.14 crore and an offer-for-sale of 9.02 lakh equity shares, worth ?4.87 crore at the upper end, by promoter Arnab Mitra. Of the fresh issue proceeds, ?9 crore will be used to fund the acquisition of a 23.21 per cent stake in AdLift Marketing Pvt Ltd, while ?10.59 crore will be utilised for setting up a full-scale video content production hub. Another ?6.57 crore will go towards incremental working capital requirements, with the remaining funds earmarked for acquisitions and general corporate purposes. Liqvd Digital India reported consolidated revenue from operations of ?60.24 crore and net profit of ?8.03 crore in FY26. Indorient Financial Services is the book-running lead manager, while Bigshare Services is the registrar to the issue. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 2:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Digital marketing solutions provider Liqvd Digital India Ltd on Sunday said its ?39-crore initial public offering (IPO) will open for subscription on September 23. The company has fixed a price band of ?51-54 per equity share, according to a statement. The three-day issue will conclude on September 25, and shares are proposed to be listed on the BSE SME platform. The ?39-crore IPO comprises a fresh issue of ?34.14 crore and an offer-for-sale of 9.02 lakh equity shares, worth ?4.87 crore at the upper end, by promoter Arnab Mitra. Of the fresh issue proceeds, ?9 crore will be used to fund the acquisition of a 23.21 per cent stake in AdLift Marketing Pvt Ltd, while ?10.59 crore will be utilised for setting up a full-scale video content production hub. Another ?6.57 crore will go towards incremental working capital requirements, with the remaining funds earmarked for acquisitions and general corporate purposes. Liqvd Digital India reported consolidated revenue from operations of ?60.24 crore and net profit of ?8.03 crore in FY26. Indorient Financial Services is the book-running lead manager, while Bigshare Services is the registrar to the issue. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 2:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Digital marketing solutions provider Liqvd Digital India Ltd on Sunday said its ?39-crore initial public offering (IPO) will open for subscription on September 23. The company has fixed a price band of ?51-54 per equity share, according to a statement. The three-day issue will conclude on September 25, and shares are proposed to be listed on the BSE SME platform. The ?39-crore IPO comprises a fresh issue of ?34.14 crore and an offer-for-sale of 9.02 lakh equity shares, worth ?4.87 crore at the upper end, by promoter Arnab Mitra. Of the fresh issue proceeds, ?9 crore will be used to fund the acquisition of a 23.21 per cent stake in AdLift Marketing Pvt Ltd, while ?10.59 crore will be utilised for setting up a full-scale video content production hub. Another ?6.57 crore will go towards incremental working capital requirements, with the remaining funds earmarked for acquisitions and general corporate purposes. Liqvd Digital India reported consolidated revenue from operations of ?60.24 crore and net profit of ?8.03 crore in FY26. Indorient Financial Services is the book-running lead manager, while Bigshare Services is the registrar to the issue. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 2:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's exports to China, South Africa, Brazil and Russia grew 34 per cent to $19.9 billion in April-August 2026-27, led by a 39 per cent jump in shipments to China, highlighting the growing importance of the Brics bloc for India's export growth. "As India deepens its engagement with the Brics bloc, strongest momentum is coming from the Brics members, especially Core Brics founding partners-- China, South Africa, Brazil, and Russia," an official said. Brics, originally comprising Brazil, Russia, India, China and South Africa, expanded in 2024 to include Egypt, Ethiopia, Iran, the United Arab Emirates and Saudi Arabia, with Indonesia joining in 2025. Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan and Vietnam became Brics partner countries last year. According to the commerce ministry data, exports to the four core Brics economies grew by 34 per cent, rising from $14.9 billion in April-August 2025-26 to $19.9 billion in April-August 2026-27. The share of the four countries in India's total exports increased from 9.2 per cent during the first five months of this fiscal from 8.1 per cent in the same period of 2025-26. Among the core Brics countries, China emerged as the largest contributor, with Indian exports expanding by 39 per cent to reach $9.6 billion in the first five months of 2026-27. At the same time, South Africa recorded the fastest growth rate, with exports surging 58 per cent during the period. Brazil and Russia also maintained steady double-digit growth of 13 per cent and 11 per cent. "India is not only strengthening its trade footprint within Brics but is also becoming more integrated with the bloc's largest economies. With exports to Core Brics growing nearly three times faster than exports to the broader Brics grouping, these markets are increasingly emerging as a key pillar of India's export strategy," the commerce ministry official said. INDIA'S EXPORTS TO JAPAN, ITALY AND S KOREA During April-August 2026-27, India's exports to Japan surged to $3.43 billion, registering a 43 per cent growth over the same period last fiscal. India is steadily expanding its presence in key sectors that align with Japan's industrial requirements, ranging from energy products and electronics to advanced materials. The export momentum is being led by mineral fuels, which recorded an increase of $231.7 million (76 per cent), highlighting growing energy trade between the two countries. Simultaneously, exports of electronics and aluminium also recorded healthy growth. Similarly, India's exports to Italy witnessed a strong surge during the five months of 2026-27, rising to $3.92 billion from $3.02 billion in April-August 2025-26, reflecting a growth of about 30 per cent. On the other hand, outbound shipments to South Korea grew 22 per cent to $3.21 billion. The growth story is being driven by India's increasing role as a supplier of industrial raw materials, energy products, and intermediate goods that feed into South Korea's advanced manufacturing ecosystem. The main sectors that helped push exports to South Korea included minerals, fuels, electronics, aluminium, iron and steel and chemicals. As South Korea strengthens its position as a global hub for automobiles, electronics, semiconductors, and advanced manufacturing, India is increasingly becoming a preferred sourcing partner, driving sustained growth in bilateral trade and reinforcing economic ties between the two nations, the official said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 2:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India has emerged as one of Samsung's fastest-growing markets for AI-powered home appliances, with the number of newly connected devices in the country rising nine-fold over the past three years, driven largely by younger consumers, the South Korean consumer electronics major said. The number of newly connected Samsung appliances in India grew from 82,000 in 2022 to 7,32,000 last year, said Samsung Electronics Vice President and Head of Experience Planning and CX Insight Group, DA (Digital Appliances) Business Bona Lee. "As a result, Southwest Asia's share of Samsung connected devices worldwide has grown from 2 per cent in 2022 to 13 per cent in 2026," Lee said, adding that the company has already surpassed last year's numbers in just eight months of the current year. She attributed this fast growth largely to the "younger generation", noting that 71 per cent of active SmartThings users in India and Southwest Asia are in their twenties and thirties, compared with a global average of 48 per cent. "This rapid growth shows the strong potential we see for AI appliances in India. We plan to roll out our AI appliances in India in line with other global markets," she said. Now more than 50 per cent of appliances Samsung currently sells in India are AI-enabled, said JB Park, President and CEO, Samsung Southwest Asia. Samsung will extend AI capabilities beyond premium products to mid-range and entry-level appliances "so that more consumers can experience the practical benefits of AI devices and AI Home," Lee said. Earlier this year in January, Samsung had announced an ambitious plan to extend AI features to 800 million devices by the end of this year, double from 400 million devices last year. India, being an important market for the South Korean chaebol, provides a boost to this target, with the country emerging as one of the fastest-growing markets for the company's connected and AI-enabled appliances. When asked over a possible impact of prevailing geopolitical and macroeconomic headwinds, including the conflict in West Asia, on consumer sentiment, Lee said Samsung has not observed any significant divergence in growth trends globally so far. "We observe significant growth in AI appliances across global markets, including India. We believe there is substantial growth potential for AI Home as well," she said, adding that the company will continue to monitor market conditions and respond accordingly. On localisation, Lee said over 95 per cent of Samsung appliances sold in India are manufactured domestically, with a dedicated team working on products tailored to Indian culture and lifestyle. Addressing concerns around affordability in a price-sensitive market like India, Lee said Samsung aims to launch its AI appliances simultaneously across all regions, with only minor timeline variations to accommodate region-specific features. "They are never delayed by as much as one to two years," she said, adding that software updates allow the company to extend new features to appliances launched in 2024 and beyond, without requiring consumers to purchase new devices. However, Lee also pointed out that the Average Selling Price (ASP) for home appliances in India is a bit low as compared to other countries, but this is based on the lifestyle needs of Indian consumers rather than price sensitivity. Unlike markets where large-capacity refrigerators dominate due to reliance on frozen food, Indian households prefer smaller refrigerators, reflecting their habit of buying fresh produce daily. "In terms of AI adoption, however, we do not see a significant difference between India and other markets. In fact, the rapid growth in connected appliances and the high proportion of younger SmartThings users show strong potential for further AI adoption in India," she said. Lee said the demand for AI appliances is not confined to the premium end of the market, with mid-range and entry-level models also seeing strong consumer interest. She said that the average usage of this feature among Indian consumers is 10 per cent higher than in other countries. Citing insights from the company's India Consumer Experience (ICX) unit, Lee said a recent survey across Delhi, Mumbai, Hyderabad and Bengaluru found that busy, high-stress urban lifestyles were driving demand for AI appliances. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 1:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 20 2026 | 12:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ACE reported consolidated revenue of ?3,280 crore in FY26, down 1.4 per cent year-on-year, while profit after tax rose 1.4 per cent year-on-year to ?415 crore. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ACE reported consolidated revenue of ?3,280 crore in FY26, down 1.4 per cent year-on-year, while profit after tax rose 1.4 per cent year-on-year to ?415 crore. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market investors would track any implications arising from US President Donald Trump signing the Sanctioning Russia and Iran Act, with crude oil and geopolitical developments remaining the key driving trends for equities this week, analysts said. Besides, trading activity of foreign investors and trends in global markets would also be tracked, they added. "Indian equities enter the coming week with crude oil, global bond yields and geopolitical developments likely to remain the main drivers of sentiment. A new source of uncertainty for Indian markets is emerging on the trade front. "US President Donald Trump has signed into law legislation giving his administration expanded powers to impose tariffs of up to 100 per cent on imports from major buyers of Russian oil and gas, with India among the countries potentially exposed given its significant purchases of Russian crude," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. US President Donald Trump signed the Sanctioning Russia and Iran Act, which seeks to impose steep levies on Moscow and its top energy buyers, such as China and India. "On Friday, September 18, 2026, the President signed into law: H.R. 5334, the 'Lindsey O. Graham Sanctioning Russia and Iran Act of 2026,' which authorises and expands statutory sanctions, tariffs, and prohibitions on Russia and extends existing sanctions on Iran," the White House said. The House of Representatives on Wednesday passed the Sanctioning Russia and Iran Act, which seeks to impose sanctions on Russia's leadership and energy sector -- as well as on collaborators in Moscow's defence industry and its so-called shadow fleet. The Act also authorises President Trump to impose tariffs of up to 100 per cent on countries buying Russian oil and gas, including China and India. The law gives Trump wide discretion over implementation, including which countries face tariffs, the tariff rates imposed, and whether sanctions provisions are waived. The law comes into effect within 30 days of signing by the President and requires him to impose duties of up to 100 per cent on goods imported from countries that are the top five purchasers of Russian crude oil or natural gas by total volume during the 12 months preceding enactment. "Globally, updates on the US-Iran tensions, movement in crude oil prices and Treasury yields will remain key market drivers," Ajit Mishra, SVP, Research at Religare Broking, said. Last week, the BSE benchmark Sensex dropped 486.8 points, or 0.65 per cent, and the NSE Nifty dipped 51.7 points, or 0.22 per cent. Foreign Portfolio Investors (FPIs) have pulled out Rs 20,974 crore from Indian equities so far in September amid elevated crude oil prices, higher US interest rates, bond yields and global uncertainties. "Looking ahead, key economic indicators will dictate market direction globally and domestically. Investors will closely track flash PMI figures across India, the US, and the Eurozone, along with upcoming US labour market reports. On the domestic front, the listing of the NSE on September 24 stands out as a major landmark event for Indian equities," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. The ?22,569-crore initial public offering of the National Stock Exchange of India (NSE) was fully subscribed on the second day of bidding on Friday, driven by an encouraging response from non-institutional investors and qualified institutional buyers. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 12:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Six mainboard companies, including Elevate Campuses and Varmora Granito, are set to tap the primary market next week, seeking to raise a combined ?3,825 crore through initial public offerings (IPOs), as fundraising activity continues at a brisk pace in 2026. Alongside these two issues, Bengaluru-based A-One Steels India Ltd, ArMee Infotech Ltd, Swastika Infra and Adroit Industries (India) Ltd will also launch their public offerings, taking the total number of IPOs scheduled for the week to six. The IPOs will be available for public subscription between September 22 and September 28, with most of the issues opening on September 23. The funds raised through the fresh issues will largely be utilised for business expansion, capital expenditure, debt repayment, working capital requirements and other general corporate purposes. The upcoming IPO activity follows a busy start to September, with 17 IPOs already concluded. The mega issue of the National Stock Exchange (NSE) and textile maker Sonaselection India Ltd are currently underway. With these offerings, the number of companies launching IPOs in 2026 is expected to rise to 87, including 23 issues in August. "The primary market has clearly regained momentum, with July and August accounting for nearly 60 per cent of the ?83,062 crore raised through IPOs so far in 2026," said Kamraj Singh Negi, Managing Director and CEO, Pantomath Capital. "With the current pace of issuance and the depth of the pipeline, the market has the potential to surpass last year's fundraising levels, although the eventual outcome will depend on market conditions and the timing of issuances, he added. He further said that the outlook for the remainder of the year is particularly constructive, given the depth of the pipeline. As many as 167 companies already have Sebi approval, representing an estimated ?3.06 trillion of potential issue size, while another 71 companies, with an estimated ?1.60 trillion, are awaiting approval. "This gives issuers considerable optionality to tap the market as conditions remain supportive," he added. Hillhouse Investment-backed Elevate Campuses is set to hit the primary market with its ?2,100-crore IPO on September 23, with shares priced in the ?343-362 range. The three-day public issue will close on September 25, with the listing expected on September 30. The IPO comprises entirely a fresh issue of equity shares, with no Offer for Sale (OFS) component. Varmora Granito's ?708-crore IPO will be available for public subscription during September 22-24. The price band for the public issue was fixed at ?140-148 per equity share. The tiles & bathware maker's IPO comprises a fresh issue of equity shares aggregating up to ?320 crore and an offer for sale (OFS) of 2.62 crore shares worth up to ?388 crore by investor Katsura Investments. Integrated steel manufacturer A-One Steels India is aiming to raise ?405 crore through its maiden public offering, which will open on September 24 and close on September 28. The price band was fixed at ?385-405 per share. The IPO comprises a fresh issue of equity shares worth ?355 crore and an offer for sale (OFS) of shares aggregating up to ?50 crore by promoters. Integrated technology infrastructure and renewable energy company ArMee Infotech will launch its ?300-crore IPO from September 23-25. The price band has been fixed at ?350-375 per share for the offering, which is entirely a fresh issue of equity shares. Swastika Infra, an EPC solutions provider in power distribution and infrastructure projects, will float its ?161-crore IPO from September 23-25, with a price band of ?175-185 per share. Adroit Industries (India) Ltd's ?151-crore issue will open from September 23-25 with a price band of ?126-134 per share. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 12:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Six mainboard companies, including Elevate Campuses and Varmora Granito, are set to tap the primary market next week, seeking to raise a combined ?3,825 crore through initial public offerings (IPOs), as fundraising activity continues at a brisk pace in 2026. Alongside these two issues, Bengaluru-based A-One Steels India Ltd, ArMee Infotech Ltd, Swastika Infra and Adroit Industries (India) Ltd will also launch their public offerings, taking the total number of IPOs scheduled for the week to six. The IPOs will be available for public subscription between September 22 and September 28, with most of the issues opening on September 23. The funds raised through the fresh issues will largely be utilised for business expansion, capital expenditure, debt repayment, working capital requirements and other general corporate purposes. The upcoming IPO activity follows a busy start to September, with 17 IPOs already concluded. The mega issue of the National Stock Exchange (NSE) and textile maker Sonaselection India Ltd are currently underway. With these offerings, the number of companies launching IPOs in 2026 is expected to rise to 87, including 23 issues in August. "The primary market has clearly regained momentum, with July and August accounting for nearly 60 per cent of the ?83,062 crore raised through IPOs so far in 2026," said Kamraj Singh Negi, Managing Director and CEO, Pantomath Capital. "With the current pace of issuance and the depth of the pipeline, the market has the potential to surpass last year's fundraising levels, although the eventual outcome will depend on market conditions and the timing of issuances, he added. He further said that the outlook for the remainder of the year is particularly constructive, given the depth of the pipeline. As many as 167 companies already have Sebi approval, representing an estimated ?3.06 trillion of potential issue size, while another 71 companies, with an estimated ?1.60 trillion, are awaiting approval. "This gives issuers considerable optionality to tap the market as conditions remain supportive," he added. Hillhouse Investment-backed Elevate Campuses is set to hit the primary market with its ?2,100-crore IPO on September 23, with shares priced in the ?343-362 range. The three-day public issue will close on September 25, with the listing expected on September 30. The IPO comprises entirely a fresh issue of equity shares, with no Offer for Sale (OFS) component. Varmora Granito's ?708-crore IPO will be available for public subscription during September 22-24. The price band for the public issue was fixed at ?140-148 per equity share. The tiles & bathware maker's IPO comprises a fresh issue of equity shares aggregating up to ?320 crore and an offer for sale (OFS) of 2.62 crore shares worth up to ?388 crore by investor Katsura Investments. Integrated steel manufacturer A-One Steels India is aiming to raise ?405 crore through its maiden public offering, which will open on September 24 and close on September 28. The price band was fixed at ?385-405 per share. The IPO comprises a fresh issue of equity shares worth ?355 crore and an offer for sale (OFS) of shares aggregating up to ?50 crore by promoters. Integrated technology infrastructure and renewable energy company ArMee Infotech will launch its ?300-crore IPO from September 23-25. The price band has been fixed at ?350-375 per share for the offering, which is entirely a fresh issue of equity shares. Swastika Infra, an EPC solutions provider in power distribution and infrastructure projects, will float its ?161-crore IPO from September 23-25, with a price band of ?175-185 per share. Adroit Industries (India) Ltd's ?151-crore issue will open from September 23-25 with a price band of ?126-134 per share. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 12:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Six mainboard companies, including Elevate Campuses and Varmora Granito, are set to tap the primary market next week, seeking to raise a combined ?3,825 crore through initial public offerings (IPOs), as fundraising activity continues at a brisk pace in 2026. Alongside these two issues, Bengaluru-based A-One Steels India Ltd, ArMee Infotech Ltd, Swastika Infra and Adroit Industries (India) Ltd will also launch their public offerings, taking the total number of IPOs scheduled for the week to six. The IPOs will be available for public subscription between September 22 and September 28, with most of the issues opening on September 23. The funds raised through the fresh issues will largely be utilised for business expansion, capital expenditure, debt repayment, working capital requirements and other general corporate purposes. The upcoming IPO activity follows a busy start to September, with 17 IPOs already concluded. The mega issue of the National Stock Exchange (NSE) and textile maker Sonaselection India Ltd are currently underway. With these offerings, the number of companies launching IPOs in 2026 is expected to rise to 87, including 23 issues in August. "The primary market has clearly regained momentum, with July and August accounting for nearly 60 per cent of the ?83,062 crore raised through IPOs so far in 2026," said Kamraj Singh Negi, Managing Director and CEO, Pantomath Capital. "With the current pace of issuance and the depth of the pipeline, the market has the potential to surpass last year's fundraising levels, although the eventual outcome will depend on market conditions and the timing of issuances, he added. He further said that the outlook for the remainder of the year is particularly constructive, given the depth of the pipeline. As many as 167 companies already have Sebi approval, representing an estimated ?3.06 trillion of potential issue size, while another 71 companies, with an estimated ?1.60 trillion, are awaiting approval. "This gives issuers considerable optionality to tap the market as conditions remain supportive," he added. Hillhouse Investment-backed Elevate Campuses is set to hit the primary market with its ?2,100-crore IPO on September 23, with shares priced in the ?343-362 range. The three-day public issue will close on September 25, with the listing expected on September 30. The IPO comprises entirely a fresh issue of equity shares, with no Offer for Sale (OFS) component. Varmora Granito's ?708-crore IPO will be available for public subscription during September 22-24. The price band for the public issue was fixed at ?140-148 per equity share. The tiles & bathware maker's IPO comprises a fresh issue of equity shares aggregating up to ?320 crore and an offer for sale (OFS) of 2.62 crore shares worth up to ?388 crore by investor Katsura Investments. Integrated steel manufacturer A-One Steels India is aiming to raise ?405 crore through its maiden public offering, which will open on September 24 and close on September 28. The price band was fixed at ?385-405 per share. The IPO comprises a fresh issue of equity shares worth ?355 crore and an offer for sale (OFS) of shares aggregating up to ?50 crore by promoters. Integrated technology infrastructure and renewable energy company ArMee Infotech will launch its ?300-crore IPO from September 23-25. The price band has been fixed at ?350-375 per share for the offering, which is entirely a fresh issue of equity shares. Swastika Infra, an EPC solutions provider in power distribution and infrastructure projects, will float its ?161-crore IPO from September 23-25, with a price band of ?175-185 per share. Adroit Industries (India) Ltd's ?151-crore issue will open from September 23-25 with a price band of ?126-134 per share. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 12:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Six mainboard companies, including Elevate Campuses and Varmora Granito, are set to tap the primary market next week, seeking to raise a combined ?3,825 crore through initial public offerings (IPOs), as fundraising activity continues at a brisk pace in 2026. Alongside these two issues, Bengaluru-based A-One Steels India Ltd, ArMee Infotech Ltd, Swastika Infra and Adroit Industries (India) Ltd will also launch their public offerings, taking the total number of IPOs scheduled for the week to six. The IPOs will be available for public subscription between September 22 and September 28, with most of the issues opening on September 23. The funds raised through the fresh issues will largely be utilised for business expansion, capital expenditure, debt repayment, working capital requirements and other general corporate purposes. The upcoming IPO activity follows a busy start to September, with 17 IPOs already concluded. The mega issue of the National Stock Exchange (NSE) and textile maker Sonaselection India Ltd are currently underway. With these offerings, the number of companies launching IPOs in 2026 is expected to rise to 87, including 23 issues in August. "The primary market has clearly regained momentum, with July and August accounting for nearly 60 per cent of the ?83,062 crore raised through IPOs so far in 2026," said Kamraj Singh Negi, Managing Director and CEO, Pantomath Capital. "With the current pace of issuance and the depth of the pipeline, the market has the potential to surpass last year's fundraising levels, although the eventual outcome will depend on market conditions and the timing of issuances, he added. He further said that the outlook for the remainder of the year is particularly constructive, given the depth of the pipeline. As many as 167 companies already have Sebi approval, representing an estimated ?3.06 trillion of potential issue size, while another 71 companies, with an estimated ?1.60 trillion, are awaiting approval. "This gives issuers considerable optionality to tap the market as conditions remain supportive," he added. Hillhouse Investment-backed Elevate Campuses is set to hit the primary market with its ?2,100-crore IPO on September 23, with shares priced in the ?343-362 range. The three-day public issue will close on September 25, with the listing expected on September 30. The IPO comprises entirely a fresh issue of equity shares, with no Offer for Sale (OFS) component. Varmora Granito's ?708-crore IPO will be available for public subscription during September 22-24. The price band for the public issue was fixed at ?140-148 per equity share. The tiles & bathware maker's IPO comprises a fresh issue of equity shares aggregating up to ?320 crore and an offer for sale (OFS) of 2.62 crore shares worth up to ?388 crore by investor Katsura Investments. Integrated steel manufacturer A-One Steels India is aiming to raise ?405 crore through its maiden public offering, which will open on September 24 and close on September 28. The price band was fixed at ?385-405 per share. The IPO comprises a fresh issue of equity shares worth ?355 crore and an offer for sale (OFS) of shares aggregating up to ?50 crore by promoters. Integrated technology infrastructure and renewable energy company ArMee Infotech will launch its ?300-crore IPO from September 23-25. The price band has been fixed at ?350-375 per share for the offering, which is entirely a fresh issue of equity shares. Swastika Infra, an EPC solutions provider in power distribution and infrastructure projects, will float its ?161-crore IPO from September 23-25, with a price band of ?175-185 per share. Adroit Industries (India) Ltd's ?151-crore issue will open from September 23-25 with a price band of ?126-134 per share. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 12:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Six mainboard companies, including Elevate Campuses and Varmora Granito, are set to tap the primary market next week, seeking to raise a combined ?3,825 crore through initial public offerings (IPOs), as fundraising activity continues at a brisk pace in 2026. Alongside these two issues, Bengaluru-based A-One Steels India Ltd, ArMee Infotech Ltd, Swastika Infra and Adroit Industries (India) Ltd will also launch their public offerings, taking the total number of IPOs scheduled for the week to six. The IPOs will be available for public subscription between September 22 and September 28, with most of the issues opening on September 23. The funds raised through the fresh issues will largely be utilised for business expansion, capital expenditure, debt repayment, working capital requirements and other general corporate purposes. The upcoming IPO activity follows a busy start to September, with 17 IPOs already concluded. The mega issue of the National Stock Exchange (NSE) and textile maker Sonaselection India Ltd are currently underway. With these offerings, the number of companies launching IPOs in 2026 is expected to rise to 87, including 23 issues in August. "The primary market has clearly regained momentum, with July and August accounting for nearly 60 per cent of the ?83,062 crore raised through IPOs so far in 2026," said Kamraj Singh Negi, Managing Director and CEO, Pantomath Capital. "With the current pace of issuance and the depth of the pipeline, the market has the potential to surpass last year's fundraising levels, although the eventual outcome will depend on market conditions and the timing of issuances, he added. He further said that the outlook for the remainder of the year is particularly constructive, given the depth of the pipeline. As many as 167 companies already have Sebi approval, representing an estimated ?3.06 trillion of potential issue size, while another 71 companies, with an estimated ?1.60 trillion, are awaiting approval. "This gives issuers considerable optionality to tap the market as conditions remain supportive," he added. Hillhouse Investment-backed Elevate Campuses is set to hit the primary market with its ?2,100-crore IPO on September 23, with shares priced in the ?343-362 range. The three-day public issue will close on September 25, with the listing expected on September 30. The IPO comprises entirely a fresh issue of equity shares, with no Offer for Sale (OFS) component. Varmora Granito's ?708-crore IPO will be available for public subscription during September 22-24. The price band for the public issue was fixed at ?140-148 per equity share. The tiles & bathware maker's IPO comprises a fresh issue of equity shares aggregating up to ?320 crore and an offer for sale (OFS) of 2.62 crore shares worth up to ?388 crore by investor Katsura Investments. Integrated steel manufacturer A-One Steels India is aiming to raise ?405 crore through its maiden public offering, which will open on September 24 and close on September 28. The price band was fixed at ?385-405 per share. The IPO comprises a fresh issue of equity shares worth ?355 crore and an offer for sale (OFS) of shares aggregating up to ?50 crore by promoters. Integrated technology infrastructure and renewable energy company ArMee Infotech will launch its ?300-crore IPO from September 23-25. The price band has been fixed at ?350-375 per share for the offering, which is entirely a fresh issue of equity shares. Swastika Infra, an EPC solutions provider in power distribution and infrastructure projects, will float its ?161-crore IPO from September 23-25, with a price band of ?175-185 per share. Adroit Industries (India) Ltd's ?151-crore issue will open from September 23-25 with a price band of ?126-134 per share. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 12:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With the September selling, FPIs have now withdrawn a total of ?2.45 trillion from Indian equities so far in 2026, surpassing the ?1.66 trillion outflow recorded during the entire 2025 Foreign Portfolio Investors (FPIs) have turned cautious again, pulling out ?20,974 crore from Indian equities so far in September amid global uncertainties, higher US interest rates and bond yields, elevated crude oil prices and a weakening rupee. The latest outflow comes after foreign investors returned to Indian equities in July and August, when they invested ?20,200 crore and ?29,630 crore, respectively, according to data from CDSL. With the September selling, FPIs have now withdrawn a total of ?2.45 trillion from Indian equities so far in 2026, surpassing the ?1.66 trillion outflow recorded during the entire 2025. According to the data, FPIs withdrew ?20,974 crore from Indian equities this month, till September 18. However, the trend of FPI investment through the primary market has been continuing in the month. Dheeraj Gaur, Chief Investment Strategy Officer at Choice Wealth, attributed the latest selling by FPIs to three key factors -- higher US interest rates and yields, elevated crude oil prices amid geopolitical tensions, and weakness in the Indian rupee. The Federal Reserve has raised rates to 3.75-4.00 per cent, with the narrowing yield differential between India and the US reducing the relative attractiveness of Indian assets. At the same time, Brent crude has remained above $100 a barrel, with escalating tensions in the West Asia adding to concerns over inflation and India's import bill, he said. The rupee has also come under pressure, declining 1.1 per cent in the previous week, its sharpest weekly fall in four months. It traded at a record low of 95.92-95.96 per US dollar and breached the 96-mark intraday, adding to concerns for foreign investors, he added. "September's FPI selling is a crude-and-dollar story, not an India story. When oil spikes and US yields firm up, money leaves every emerging market and India isn't being singled out; it's being caught in the tide," Vedant Gupte, Co-Founder and CEO of Investment platform Trackk, said. Going forward, FPI flows will be significantly influenced by the ongoing Iran-US conflict and the consequent impact on crude prices. Elevated crude prices and the high US bond yields (US 10-year yield at 5 per cent) are negatives for the Indian equity market and FPI flows, said V K Vijayakumar, Chief Investment Strategist at Geojit Investments. However, the resilient Indian economy and expectations of better earnings growth are positives, he added. Foreign investors also extended their selling to the debt market during the period under review. They withdrew ?10,296 crore through the Fully Accessible Route (FAR), ?1,817 crore via the Voluntary Retention Route (VRR) and ?1,068 crore through the general route. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 11:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With the September selling, FPIs have now withdrawn a total of ?2.45 trillion from Indian equities so far in 2026, surpassing the ?1.66 trillion outflow recorded during the entire 2025 Foreign Portfolio Investors (FPIs) have turned cautious again, pulling out ?20,974 crore from Indian equities so far in September amid global uncertainties, higher US interest rates and bond yields, elevated crude oil prices and a weakening rupee. The latest outflow comes after foreign investors returned to Indian equities in July and August, when they invested ?20,200 crore and ?29,630 crore, respectively, according to data from CDSL. With the September selling, FPIs have now withdrawn a total of ?2.45 trillion from Indian equities so far in 2026, surpassing the ?1.66 trillion outflow recorded during the entire 2025. According to the data, FPIs withdrew ?20,974 crore from Indian equities this month, till September 18. However, the trend of FPI investment through the primary market has been continuing in the month. Dheeraj Gaur, Chief Investment Strategy Officer at Choice Wealth, attributed the latest selling by FPIs to three key factors -- higher US interest rates and yields, elevated crude oil prices amid geopolitical tensions, and weakness in the Indian rupee. The Federal Reserve has raised rates to 3.75-4.00 per cent, with the narrowing yield differential between India and the US reducing the relative attractiveness of Indian assets. At the same time, Brent crude has remained above $100 a barrel, with escalating tensions in the West Asia adding to concerns over inflation and India's import bill, he said. The rupee has also come under pressure, declining 1.1 per cent in the previous week, its sharpest weekly fall in four months. It traded at a record low of 95.92-95.96 per US dollar and breached the 96-mark intraday, adding to concerns for foreign investors, he added. "September's FPI selling is a crude-and-dollar story, not an India story. When oil spikes and US yields firm up, money leaves every emerging market and India isn't being singled out; it's being caught in the tide," Vedant Gupte, Co-Founder and CEO of Investment platform Trackk, said. Going forward, FPI flows will be significantly influenced by the ongoing Iran-US conflict and the consequent impact on crude prices. Elevated crude prices and the high US bond yields (US 10-year yield at 5 per cent) are negatives for the Indian equity market and FPI flows, said V K Vijayakumar, Chief Investment Strategist at Geojit Investments. However, the resilient Indian economy and expectations of better earnings growth are positives, he added. Foreign investors also extended their selling to the debt market during the period under review. They withdrew ?10,296 crore through the Fully Accessible Route (FAR), ?1,817 crore via the Voluntary Retention Route (VRR) and ?1,068 crore through the general route. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 11:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With the September selling, FPIs have now withdrawn a total of ?2.45 trillion from Indian equities so far in 2026, surpassing the ?1.66 trillion outflow recorded during the entire 2025 Foreign Portfolio Investors (FPIs) have turned cautious again, pulling out ?20,974 crore from Indian equities so far in September amid global uncertainties, higher US interest rates and bond yields, elevated crude oil prices and a weakening rupee. The latest outflow comes after foreign investors returned to Indian equities in July and August, when they invested ?20,200 crore and ?29,630 crore, respectively, according to data from CDSL. With the September selling, FPIs have now withdrawn a total of ?2.45 trillion from Indian equities so far in 2026, surpassing the ?1.66 trillion outflow recorded during the entire 2025. According to the data, FPIs withdrew ?20,974 crore from Indian equities this month, till September 18. However, the trend of FPI investment through the primary market has been continuing in the month. Dheeraj Gaur, Chief Investment Strategy Officer at Choice Wealth, attributed the latest selling by FPIs to three key factors -- higher US interest rates and yields, elevated crude oil prices amid geopolitical tensions, and weakness in the Indian rupee. The Federal Reserve has raised rates to 3.75-4.00 per cent, with the narrowing yield differential between India and the US reducing the relative attractiveness of Indian assets. At the same time, Brent crude has remained above $100 a barrel, with escalating tensions in the West Asia adding to concerns over inflation and India's import bill, he said. The rupee has also come under pressure, declining 1.1 per cent in the previous week, its sharpest weekly fall in four months. It traded at a record low of 95.92-95.96 per US dollar and breached the 96-mark intraday, adding to concerns for foreign investors, he added. "September's FPI selling is a crude-and-dollar story, not an India story. When oil spikes and US yields firm up, money leaves every emerging market and India isn't being singled out; it's being caught in the tide," Vedant Gupte, Co-Founder and CEO of Investment platform Trackk, said. Going forward, FPI flows will be significantly influenced by the ongoing Iran-US conflict and the consequent impact on crude prices. Elevated crude prices and the high US bond yields (US 10-year yield at 5 per cent) are negatives for the Indian equity market and FPI flows, said V K Vijayakumar, Chief Investment Strategist at Geojit Investments. However, the resilient Indian economy and expectations of better earnings growth are positives, he added. Foreign investors also extended their selling to the debt market during the period under review. They withdrew ?10,296 crore through the Fully Accessible Route (FAR), ?1,817 crore via the Voluntary Retention Route (VRR) and ?1,068 crore through the general route. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 11:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With the September selling, FPIs have now withdrawn a total of ?2.45 trillion from Indian equities so far in 2026, surpassing the ?1.66 trillion outflow recorded during the entire 2025 Foreign Portfolio Investors (FPIs) have turned cautious again, pulling out ?20,974 crore from Indian equities so far in September amid global uncertainties, higher US interest rates and bond yields, elevated crude oil prices and a weakening rupee. The latest outflow comes after foreign investors returned to Indian equities in July and August, when they invested ?20,200 crore and ?29,630 crore, respectively, according to data from CDSL. With the September selling, FPIs have now withdrawn a total of ?2.45 trillion from Indian equities so far in 2026, surpassing the ?1.66 trillion outflow recorded during the entire 2025. According to the data, FPIs withdrew ?20,974 crore from Indian equities this month, till September 18. However, the trend of FPI investment through the primary market has been continuing in the month. Dheeraj Gaur, Chief Investment Strategy Officer at Choice Wealth, attributed the latest selling by FPIs to three key factors -- higher US interest rates and yields, elevated crude oil prices amid geopolitical tensions, and weakness in the Indian rupee. The Federal Reserve has raised rates to 3.75-4.00 per cent, with the narrowing yield differential between India and the US reducing the relative attractiveness of Indian assets. At the same time, Brent crude has remained above $100 a barrel, with escalating tensions in the West Asia adding to concerns over inflation and India's import bill, he said. The rupee has also come under pressure, declining 1.1 per cent in the previous week, its sharpest weekly fall in four months. It traded at a record low of 95.92-95.96 per US dollar and breached the 96-mark intraday, adding to concerns for foreign investors, he added. "September's FPI selling is a crude-and-dollar story, not an India story. When oil spikes and US yields firm up, money leaves every emerging market and India isn't being singled out; it's being caught in the tide," Vedant Gupte, Co-Founder and CEO of Investment platform Trackk, said. Going forward, FPI flows will be significantly influenced by the ongoing Iran-US conflict and the consequent impact on crude prices. Elevated crude prices and the high US bond yields (US 10-year yield at 5 per cent) are negatives for the Indian equity market and FPI flows, said V K Vijayakumar, Chief Investment Strategist at Geojit Investments. However, the resilient Indian economy and expectations of better earnings growth are positives, he added. Foreign investors also extended their selling to the debt market during the period under review. They withdrew ?10,296 crore through the Fully Accessible Route (FAR), ?1,817 crore via the Voluntary Retention Route (VRR) and ?1,068 crore through the general route. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 20 2026 | 11:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 20 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 20 2026 | 7:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 20 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 19 2026 | 7:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large plume of black smoke rises from the fuel storage area at King Khalid International Airport, in Riyadh (Reuters) Saudi Arabia warned of a "hostile aerial threat" and issued a string of emergency alerts across the kingdom overnight, including the first alert in its capital since an escalation in fighting with Iran-backed rebels in neighbouring Yemen. Meanwhile, the head of Iran's Supreme National Security Council said Tehran has sent Washington its conditions for ending the war via Qatar, a key mediator. Israeli strikes killed three people in Gaza. And Israel's military said it struck Hezbollah targets across several areas in southern Lebanon. Here is the latest news from the Middle East on Saturday. Full coverage is available here. At least one explosion was heard in Riyadh after the first alert for the Saudi capital since the latest escalation in fighting with Yemen's Iran-backed Houthi rebels. Residents near the airport said they saw a plume of smoke later in the morning. No casualties or damage were reported. Saudi authorities did not comment and didn't say what prompted the alerts, but they previously reported intercepting Houthi missiles and drones. The head of Iran's Supreme National Security Council, Mohsen Rezaei, told Al Jazeera in an interview that Iran is waiting for President Donald Trump's response after Tehran conveyed its conditions for ending the war via Qatar. It was not clear when the conditions were shared. Rezaei said they include ending the war on all fronts, releasing assets seized from Iran and ending the US naval blockade of Iranian ports. Earlier US-Iran negotiations fell apart. He also said Iran wants the fighting involving Yemen and Saudi Arabia to end. Iran's state TV said a man identified as Hossein Pedram was executed after being convicted on charges of spying for Israel's intelligence agency Mossad. The report said Pedram shared classified information on "sensitive military sites" in Iran's Isfahan province. It didn't say how he accessed the information. He was reportedly arrested after those sites, which included missile bases, were targeted in last year's 12-day air war by the US and Israel. A recent surge of executions in Iran prompted an international outcry by rights groups. The head of US Central Command said the military has supported the transit of 1 billion barrels of oil through the Strait of Hormuz over the past two months and claimed that Iran has "exported zero barrels" because of a US blockade. Adm. Brad Cooper said the strait's primary transit lanes have been cleared of mines, and the volume of oil, natural gas and cargo transiting over the past two weeks is the highest it has been in six months - or shortly after the war began with US and Israeli strikes. But monitors say shipping traffic remains well below prewar levels. Iran continues to attack ships as it asserts control over the waterway through which about one-fifth of the world's traded oil and natural gas passed before the war. Gaza's Health Ministry and Shifa Hospital officials said one man was killed in the Shijaiyah neighbourhood of Gaza City. Another man, identified as the son of the ministry's director general, was killed as he walked in the Jabaliya refugee camp in northern Gaza. The Israeli military said it struck "several military operatives" and that it would provide more details later. Later, officials at Shifa Hospital said an Israeli strike on a civilian vehicle in Gaza City killed one person and wounded at least four others. "The body was completely charred," managing director Rami Mhanna said. Israel's military said it "struck a Hamas military operative." The heaviest fighting between Israel and Hamas has subsided since a ceasefire last October, but Israeli fire has killed more than 13,780 Palestinians in Gaza since then, according to Gaza's Health Ministry. Israel's military said it struck targets of the Hezbollah militant group across several areas in southern Lebanon. The strikes took place after two soldiers were wounded when their vehicle drove over a Hezbollah explosive device in an area of southern Lebanon occupied by Israeli troops, the military said. Lebanon's state-run National News Agency reported three Israeli airstrikes on the southern town of Nabatiyeh al-Fawqa. It said the third strike almost hit paramedics heading to the area. It said no one was hurt. Iran's state TV said the Tehran prosecutor's office filed charges against race organizers after women participated without covering their hair because "legal and Islamic Sharia" wasn't observed. The country's ruling theocracy requires women to wear scarves that cover their hair and loose-fitting clothes that hide their bodies. Footage circulated online showing women running the 10-kilometre race without the hair covering. Habib Sotoudehnejad, head of Tehran's sports department, said about 5 per cent of participants violated race rules. The race was run separately for men and women. Syria's Defence Ministry held a funeral for 11 soldiers killed a day earlier during an explosion in the village of Ayash in the eastern province of Deir el-Zour. The ministry did not give a reason for the blast that also wounded several other military personnel. The Britain-based Syrian Observatory for Human Rights said the blast occurred in an arms depot at a military post. The UN agency for Palestinian refugees said more than 280,000 children in Gaza are attending school in tents and heavily damaged classrooms. At one school in Nuseirat, some classrooms have no desks, leaving children to sit on blankets on the floor. Still, some families said a return to school brings back a familiar sense of routine that was upended by war. UNRWA education programme chief Tawfiq al-Hourani said the agency three years ago operated 182 fully equipped schools. He said 95 per cent of them have since been lost. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 19 2026 | 5:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank of India (RBI) released the data related to the 2025-26 round of its annual survey on computer software and information technology enabled services (ITES) exports. For 2025-26 round of the survey, 7,569 software export companies were contacted, of which 2,363 companies, including most of the large companies, responded. RBI stated that India's exports of software services (excluding their sales through overseas commercial presence) increased by 8.2 per cent (y-o-y) during 2025-26 to US$ 221.4 billion. Computer services continued to account for over two-thirds of India's total software services exports during the year; BPO services remained the dominant component of IT enabled services (ITES) exports. Private limited companies dominated 2025-26 software exports with 9.3 per cent growth. The United States of America remained the major software exports destination with a share of 54.1 per cent, followed by European countries (31.8 per cent) where United Kingdom had major share. The US dollar was the principal invoicing currency for India's software exports, followed by the euro, the rupee, and the pound sterling. Software services exports primarily delivered through off-site mode (91.7 per cent share). Total software export services, including services delivered by foreign affiliates of Indian companies, increased by 9.5 per cent during 2025-26 and stood at US$ 239.3 billion. The local software business by foreign affiliates of Indian companies increased to US$ 17.9 billion in 2025-26 from US$ 13.9 billion in the previous year, with the USA and the UK remained the major destinations. First Published: Sep 19 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hy-Tech Engineers has reported 10.8% rise in standalone net profit to Rs 4.60 crore on a 12.9% increase in revenue to Rs 41.26 crore in Q1 FY27 as compared with Q1 FY26. Total operating expenditure for the period under review was Rs 34.60 crore, up 16.1% YoY. Profit before tax in Q1 FY27 stood at Rs 6.11 crore, up by 9.3% from Rs 5.59 crore in Q1 FY26. The company's board has also approved a proposal for the purchase of approximately 6.5 acres of land situated at Jawale, Near Shirval, Taluka Khandala, Dist Satara, at a basic consideration not exceeding Rs 6 crore. The said land parcel is being acquired to create additional capacity for Instrumentation Project Engineering (IPE) stainless-steel operations having distinct manufacturing and operational requirements which are presently being carried out along with other operations. The board has also approved the establishment of wholly owned subsidiaries (WOS) in Germany and the United States (US). The German subsidiary will be established in the Frankfurt region with initial funding, in the form of capital, loans or advances, of up to EUR 25,000 (equivalent to Rs 27 lakh), subject to applicable Indian and German laws. The US subsidiary will be established in Delaware with initial funding, in the form of capital, loans or advances, of up to US$300,000 (equivalent to Rs 2.86 crore), subject to applicable Indian and US laws. The proposed WOS will operate as local distribution and customer support entities and will maintain stock of selected fast moving and customer specific fittings, enabling Hy-Tech Engineers to move from long distance export model to a responsive local supply model. Hy-Tech Engineers is an engineering company engaged in the design, manufacture and supply of hydraulic fittings catering to diverse industrial applications, with over four decades of operational experience in the hydraulics industry. The scrip had jumped 6.33% to end at Rs 76.65 on the BSE on Friday. First Published: Sep 19 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hazoor Multi Projects said that it has has received Work Order from Emerald Haven Life Spaces 3 (EHLS3PL) for a project worth Rs 207.44 crore. The contract is for undertaking RCC Core & Shell works at a residential project located at Pallavaram, Chengalpattu, Chennai. RCC core and shell works refer to constructing the reinforced concrete (RCC) structural core (columns, beams, slabs, elevator/stair shafts) and the exterior shell (walls, fade, roof) of a building, making it structurally complete and weather-tight while leaving interiors unfinished. Hazoor Multi Projects is engaged in infrastructure and real estate businesses. The company had reported 97.82% drop in consolidated net profit to Rs 0.30 crore on a 33.53% fall in revenue to Rs 119.66 crore in Q1 FY27 as compared with Q1 FY26. The scrip had jumped 4.16% to end at Rs 19.30 on the BSE on Friday. First Published: Sep 19 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 19 2026 | 2:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Maruti Suzuki India has launched the Auto Green Mission with the introduction of the automatic S-CNG models for the popular Swift, Dzire and Baleno. Designed for new-age customers who refuse to compromise, the new range of Maruti Suzuki automatic S-CNG range of cars offer automatic car driving convenience with superior fuel-efficiency, making the Dzire automatic S-CNG India's most fuel-efficient sedan# with a fuel efficiency of 36.47km/kg. Introducing the new range of Maruti Suzuki automatic S-CNG cars, Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India, said, We at Maruti Suzuki are always listening to our customers. With modern Indian cities experiencing rapid growth, new-age customers are looking for the convenience of an automatic car without compromising on fuel-efficiency and performance in traffic conditions. Under the Auto Green Mission, our new range of automatic S-CNG models are perfectly suited for today's aspirational customers who seek the best of both worlds. The Swift, Dzire and Baleno are some of the country's bestselling cars, the introduction of the automatic S-CNG models is sure to delight customers and make these incredible cars win even more hearts. He added, We have been receiving unprecedented demand for our S-CNG range of vehicles as evolving, environmentally conscious customer expectations are driving acceptance for eco-friendly options across all segments. During the first quarter of this year, we experienced a 58% increase in sales over the same quarter last year for our S-CNG vehicles. In July, we recorded the highest-ever S-CNG vehicle sales in a month at 83,000 units. The introduction of the new automatic S-CNG range of cars is sure to contribute to the growing share of clean and green cars in India. First Published: Sep 19 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HEG announced that its subsidiary, Replus Engitech, has received an order from Indus Towers for the supply of lithium-ion battery banks. The company clarified that the transaction does not fall under related party transactions. HEG is India's leading graphite electrode manufacturer. It has one of the largest integrated graphite electrode plants in the world, processing sophisticated UHP (ultra high power) electrodes. The companys consolidated net profit climbed 16.71% to Rs 122.34 crore on 11.1% increase in revenue from operations to Rs 680.79 crore in Q1 FY27 over Q1 FY26. The counter hit 5% upper circuit to settle at Rs 238.55 on the BSE. First Published: Sep 19 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shilpa Medicare said the US Food and Drug Administration (USFDA) conducted a surveillance inspection at Unit VII of its Analytical Services Division in Hyderabad from 16 to 18 September 2026. The company said it does not expect the observation to have any material impact on its current business operations or existing supplies from the facility. Shilpa Medicare is a diversified pharmaceutical and biotechnology company engaged in the development and manufacture of complex generics, biologics and active pharmaceutical ingredients (APIs). Through its subsidiary Shilpa Biologicals, the company operates a fully integrated biologics platform spanning development, scale-up and commercial manufacturing at its EU-GMP facility in Dharwad, India. The pharmaceutical companys consolidated net profit jumped 115.19% year-on-year to Rs 100.88 crore in Q1 FY27 from Rs 46.88 crore in the corresponding quarter last year. Revenue from operations increased 44.89% YoY to Rs 465.78 crorereflecting broad-based growth across its API, formulations and biologics businesses. The counter rallied 6.63% to settle at Rs 1020.90 on the BSE. First Published: Sep 19 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 0.06 crore First Published: Sep 19 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 12.92% to Rs 41.26 crore First Published: Sep 19 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 51.55% to Rs 4.07 crore First Published: Sep 19 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Paramount is on the hook to pay $7 million a day First Published: Sep 19 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SIP, MUTUAL FUND First Published: Sep 19 2026 | 12:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajay Mohanty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 18 2026 | 8:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 18 2026 | 8:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 18 2026 | 7:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India Pesticides announced that it has received Technical Equivalence approval for one of its insecticide products in the United Kingdom and registration for one of its herbicide products in Argentina. These approvals mark an important step in the Company's international growth strategy and expand its access to two key overseas markets. Commenting on the performance, Dheeraj Kumar Jain, Chief Executive Officer said: "These approvals are aligned with our strategy of increasing the contribution from international markets and building a diversified export portfolio. Access to the United Kingdom and Argentina will enable us to engage with new customers and commercialise our products across additional geographies. We will continue to invest in regulatory registrations and product development to scale our global business and create long-term value for our stakeholders." First Published: Sep 18 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Sep 18 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Sep 18 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Sep 18 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Sep 18 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NHAI declares appointed date of 07 September 2026 First Published: Sep 18 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Sep 18 2026 | 6:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Sep 18 2026 | 6:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Sep 18 2026 | 6:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Sep 18 2026 | 6:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 18 2026 | 6:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At The Economic Times Enterprise AI Awards 2026 RateGain Travel Technologies has been named the Fastest Growing SaaS Company at the ET Enterprise AI Awards 2026. The award places RateGain among the fastest scaling enterprise AI businesses serving the travel industry globally. That scale is evident in where the company's technology operates. RateGain works with 33 of the world's top 40 hotel chains, four of the top five airlines, seven of the top ten car rental companies and 25 Global Fortune 500 companies, which together account for a substantial share of how travel is priced, distributed and sold worldwide. First Published: Sep 18 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With effect from 18 September 2026 Avante Spaces, a wholly owned subsidiary of Kirloskar Industries (KIL), today announced that its Board of Directors, at its meeting held on 18 September 2026, approved the appointment of George Verghese as Managing Director. His appointment is effective from 18 September 2026 and will continue until 19 May 2030. Verghese has been serving as the Managing Director of Kirloskar Industries since 20 May 2025. His new role at Avante Spaces is an additional responsibility, further strengthening leadership across the Group's businesses. First Published: Sep 18 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 18 September 2026 The funds may be raised through the issuance of equity shares having a face value of Rs 2 each and/or debt securities, convertible securities, depository receipts (ADR/GDR), FCCBs, warrants, preference shares or other eligible securities or any other financial instrument (hereinafter referred to as securities). First Published: Sep 18 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The government on Friday said it has relaxed the stockholding limit for bulk sugar consumers to 30 days from the existing 15 days, as the festive season approaches and demand is expected to pick up. Currently, bulk consumers who use more than 10 tonnes of sugar a month as a raw material - for production, consumption or other industrial use - are allowed to hold stock for up to 15 days of their requirement. This limit will now be doubled, the Department of Food and Public Distribution said in a statement, but with a caveat: any stock held beyond the earlier 15-day cap must come exclusively from sugar imported under the Tariff Rate Quota (TRQ) or the Advance Authorisation Scheme (AAS). The government has already permitted import of 10 lakh tonnes under TRQ, besides allowing domestic sale of export-bound sugar procured under the AAS. Stock sourced from the open market will continue to be capped at 15 days' consumption, the ministry clarified. To keep track of inventories, the government has also introduced a mechanism requiring bulk consumers to declare and disclose their sugar stocks every Friday through the food ministry's online portal, foodstock.dfpd.gov.in. The ministry said the decision followed detailed consultations with major bulk consumers, who had sought an enhanced stockholding limit ahead of the festive season. They had also proposed being allowed to source sugar directly from importers holding TRQ and AAS stock, to ensure uninterrupted supply for industrial use without straining domestic availability. The government said the step was meant to balance the interests of bulk consumers with the need for stability in the domestic sugar market, offering industrial users more flexibility during the festive months while ensuring additional stock comes from imports rather than adding pressure on local supplies. Separately, the Centre flagged that while ex-mill sugar prices have fallen by nearly 25 per cent, retail prices have declined by only about 10 per cent from their August peak of Rs 65 to Rs 58.50 currently, indicating that the benefit of cheaper wholesale rates has not fully reached consumers. At a joint meeting with representatives of the Indian Sugar and Bio-energy Manufacturers Association (ISMA), the National Federation of Cooperative Sugar Factories, and sugar trade bodies, the Secretary of the Department of Food and Public Distribution said the correction at the mill level had not been adequately passed on downstream. The government urged wholesalers, retailers and the wider trade to immediately transmit the benefit of lower ex-mill prices to consumers, calling on the sugar value chain to keep sugar and sugar-based products affordable through the festive season. The Secretary said farmers and consumers remained the two pillars of India's sugar policy, and that the government had worked to balance remunerative returns for sugarcane growers with reasonable prices for consumers. From October 1, 2026, with the start of the new sugar season, farmers will receive a higher Fair and Remunerative Price (FRP) of Rs 365 per quintal, part of the government's practice of raising the FRP annually. The ministry said it would continue to monitor sugar availability and prices closely and take further measures as needed to ensure adequate supply for both consumers and industries such as food processing. First Published: Sep 18 2026 | 6:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
iPhone 18 sales open: Electronics Mart, Redington, Eternal rise up to 8% First Published: Sep 18 2026 | 12:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 18 2026 | 12:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 18 2026 | 12:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Silver price may rise toward $68 on falling yields, oil: Mirae Asset Silver prices could extend their rebound toward $68 as softer US Treasury yields and falling oil prices provide support, according to Mirae Asset. The metal rose 4 per cent on September 17 after bouncing from key support near $62.85, despite the Federal Reserve’s hawkish rate hike a day earlier. Performance: Central Bank Watch As widely expected, the US Federal Reserve raised the federal funds target range by 25 basis points to 3.75 per cent – 4.00 per cent at its September 16 FOMC meeting. The 12–0 vote was unanimous. The Committee identified inflation as the predominant concern as job concerns have eased following the robust August nonfarm payroll report. Policymakers projected another rate increase before the end of the year and removed an expected rate cut from next year’s projections. Fed Chair Warsh said the economy remained strong and described the increase as removing a “dose of accommodation” from policy. The FOMC’s monetary policy decision was hawkish and established the Fed’s credibility and independence as the hike came despite immense political pressure to cut rates. Consequently, Dollar Index and commodities fell. As anticipated, the Bank of England, kept the benchmark rate unchanged at 3.75 per cent in its monetary policy decision delivered on September 16, though three of the nine members of the MPC voted for a hike. The Bank has not followed the Fed and the ECB in hiking rates as it finds little evidence that high energy prices are spilling over to everyday prices. Nonetheless, the Bank warned that a prolonged Iran war will force it to raise rates. In a much-needed relief for the sharply falling gilts, the Bank of England has done a significant overhaul of its plan for selling off excess gilts geared towards quantitative tightening program. Under the new schedule, the BOE will pause all bond sales from its £488 billion ($650 billion) portfolio until April and stop selling long-dated bonds altogether. Under the new plan, the Quantitative Tightening portfolio would now be unwound by September 2034. The central bank also intends to unload gilts maturing between 2035 and 2049 to the Debt Management Office rather than directly to the market. It will pause all QT sales until April 2027. UK gilts edged higher as supply will be reduced. The Bank of Japan is expected to hike the benchmark rate by 25 bps at its policy meeting on September 18. Chicago Fed President AustanGoolsbee will speak on monetary policy at the official Monetary and Financial Institutions Forum in London on September 21. China's PBoC is expected to keep one-year and five-year Loan Prime Rate unchanged at its monetary policy scheduled on September 21. Dollar Index and yield Data roundup US data - Total net TIC inflows fell from $133.5 billion in June to $83.70 billion in July, while net long-term TIC flows turned negative (-$27.90 billion from $174.40 billion). Initial jobless claims fell from 1769K to 1730K. Housing starts fell from upwardly revised 1309K in July to 1275K in August, while pending home sales (August) were mixed. Earlier, advance retail sales data released on September 16 topped the estimates on all the counts. Retail sales rose 1.2 per cent m-o-m in August, Vs the forecast of 0.8 per cent, while prior data was revised higher from -0.6 per cent to -0.5 per cent. Even retail sales control Group, whose component go into GDP calculations, came in at 1.4 per cent Vs the estimate of 0.5 per cent. Core retail sales were also quite robust. ETFs and inventory As of September 16, total known global silver ETF holdings stood at 801 Moz, down 7.07 per cent YTD. The holdings have been hovering around 800 Moz mark for the last one month. Registered COMEX Silver inventory stands at 97 Moz, down over 50 per cent from the record peak of 201 Moz seen in September 2025. Shanghai Futures Exchange On Warrant Stocks daily total silver inventory stands at 1397 tons, up 454 per cent from the cycle low of 252 tons seen in March, which does not reflect any supply scarcity in China. The inventory is at the highest since February 2025. China’s silver imports China imported 288 tons of silver in July 2026, highest monthly import since April. China's silver imports in the January-July period stand at 2709 tons -- around 50 per cent higher than the quantity imported in the same period last year. Upcoming data Outlook First Published: Sep 18 2026 | 12:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Concord Biotech said that the U.S. Food and Drug Administration (US FDA) had successfully concluded the inspection of the company's Valthera Formulation Facility, with one minor procedural observation. In a regulatory filing made during market hours today, the company stated that the US FDA had conducted an inspection at its formulation facility located at Unit II, Valthera., Dholka Taluka, Ahmadabad district, Gujarat. The inspection has been successfully concluded with one minor procedural observation which is not related to GMP. The company will submit a comprehensive response to the observation within the stipulated timeline. "We do not expect this development to have any material impact on the current business operations or existing supplies from this facility," Concord Biotech said in a statement. Concord Biotech is an R&D-driven biopharma company that manufactures Active Pharmaceutical Ingredients (APIs) through fermentation & semi-synthetic processes and finished formulations. It has a presence in more than 70 countries worldwide. The company had reported 32.84% rise in consolidated net profit to Rs 58.53 crore on a 26.23% increase in revenue to Rs 257.49 crore in Q1 FY27 as compared with Q1 FY26. The scrip rose 1.36% to currently trade at Rs 1481.95 on the BSE. First Published: Sep 18 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shivam Autotech Ltd, Asian Star Company Ltd, Manugraph India Ltd and Timex Group India Ltd are among the other gainers in the BSE's 'B' group today, 18 September 2026. Shivam Autotech Ltd, Asian Star Company Ltd, Manugraph India Ltd and Timex Group India Ltd are among the other gainers in the BSE's 'B' group today, 18 September 2026. Alkali Metals Ltd spiked 19.99% to Rs 86.68 at 11:59 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 12296 shares were traded on the counter so far as against the average daily volumes of 3876 shares in the past one month. Shivam Autotech Ltd surged 19.95% to Rs 20.08. The stock was the second biggest gainer in 'B' group. On the BSE, 2.02 lakh shares were traded on the counter so far as against the average daily volumes of 9425 shares in the past one month. Asian Star Company Ltd soared 17.51% to Rs 810. The stock was the third biggest gainer in 'B' group. On the BSE, 7280 shares were traded on the counter so far as against the average daily volumes of 113 shares in the past one month. Manugraph India Ltd added 17.07% to Rs 17.9. The stock was the fourth biggest gainer in 'B' group. On the BSE, 55311 shares were traded on the counter so far as against the average daily volumes of 3382 shares in the past one month. Timex Group India Ltd rose 14.02% to Rs 696.95. The stock was the fifth biggest gainer in 'B' group. On the BSE, 2.39 lakh shares were traded on the counter so far as against the average daily volumes of 53033 shares in the past one month. First Published: Sep 18 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India Glycols Ltd, Syrma SGS Technology Ltd, Adani Total Gas Ltd and Prudent Corporate Advisory Services Ltd are among the other gainers in the BSE's 'A' group today, 18 September 2026. India Glycols Ltd, Syrma SGS Technology Ltd, Adani Total Gas Ltd and Prudent Corporate Advisory Services Ltd are among the other gainers in the BSE's 'A' group today, 18 September 2026. Avalon Technologies Ltd soared 10.45% to Rs 2464.25 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 67187 shares were traded on the counter so far as against the average daily volumes of 23594 shares in the past one month. India Glycols Ltd surged 7.91% to Rs 268.75. The stock was the second biggest gainer in 'A' group. On the BSE, 66222 shares were traded on the counter so far as against the average daily volumes of 39292 shares in the past one month. Syrma SGS Technology Ltd spiked 7.86% to Rs 1742.9. The stock was the third biggest gainer in 'A' group. On the BSE, 3.89 lakh shares were traded on the counter so far as against the average daily volumes of 1.55 lakh shares in the past one month. Adani Total Gas Ltd exploded 6.35% to Rs 624.1. The stock was the fourth biggest gainer in 'A' group. On the BSE, 2.74 lakh shares were traded on the counter so far as against the average daily volumes of 1.76 lakh shares in the past one month. Prudent Corporate Advisory Services Ltd spurt 5.97% to Rs 3515. The stock was the fifth biggest gainer in 'A' group. On the BSE, 2014 shares were traded on the counter so far as against the average daily volumes of 10651 shares in the past one month. First Published: Sep 18 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shapoorji Pallonji Group Chairman Shapoor Mistry First Published: Sep 18 2026 | 12:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lenskart Solutions share price registered a new high in Friday's trade. First Published: Sep 18 2026 | 12:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Tata Sons board approved a fresh five-year term for N Chandrasekaran as executive chairman. First Published: Sep 18 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 18 2026 | 11:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Om Galaxy traded at Rs 88.05 on the BSE, a 2.17% discount to the issue price of Rs 90. The counter hit a high of Rs 90.20 and a low of Rs 85.75. About 15.82 lakh shares of the company changed hands at the counter. Om Galaxy's IPO was subscribed 2 times. The issue opened for bidding on 10 September 2026 and it closed on 15 September 2026. The price band of the IPO was between Rs 85 - 90 per share. The IPO comprised fresh issue of 83,45,600 equity shares. The company intends to utilise the net proceeds from the issue towards capital expenditure for setting up a new manufacturing unit and consolidating its existing manufacturing facilities, with the aim of expanding production capacity. Around Rs 74.66 crore is earmarked for the new manufacturing unit and capacity expansion, Rs 14 crore for repayment/prepayment of certain borrowings and the balance of about Rs 16.34 crore for general corporate purposes. Ahead of the IPO, Om Galaxy on 9 September 2026, raised Rs 29.88 crore from anchor investors. The board allotted 33.21 lakh shares at Rs 90 each to 12 anchor investors. Om Galaxy is engaged in the design, development and manufacturing of pipe-fitting and industrial moulds, automotive moulds, Hot Runner Systems (HRS) and cleaning products. Its products serve industries including building materials, plastics and polymers, automobiles, auto components, industrial and engineering sectors. The company also markets cleaning products under the WONDRA brand. The company had 585 permanent employees as on March 2026. The company recorded revenue from operations of Rs 124.68 crore and net profit of Rs 16.64 crore for the financial year ended 31 March 2026. First Published: Sep 18 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
DMR Engineering (DMR), as the Lead Member, in a Joint Venture with Shri Balaji Hydro Construction (SBHCPL), has received a Letter of Award (LoA) for the formation of a new Joint Venture (JV) Company for execution of Package- I, Works related to Construction of Coffer Dam for River Diversion and Barrage for the 24.60 MW Kamlang Small Hydro Electric Project, Lohit District, Arunachal Pradesh. Under the proposed JV arrangement, DMR shall hold 51% (Fifty-One Percent) equity/profit share as the Lead Partner, while SBHCPL shall hold the remaining 49% (Forty-Nine Percent) equity/profit share in the JV. The contract has a tenure of 780 days and is awarded for an aggregate contract value of Rs.70 crore, exclusive of GST. First Published: Sep 18 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 18 2026 | 11:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 18 2026 | 11:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NSE IPO crosses halfway mark on 2nd day of bidding; check GMP & reviews National Stock Exchange’s initial public offering was subscribed 0.52 times as of 10:58 AM on Friday, the second day of bidding. The IPO received bids for 4.62 crore shares against 8.86 crore shares on offer. NSE IPO size stands at ? 22,569 crore. The category for non-institutional investors was subscribed 0.91 times, the portion for retail investors was subscribed 0.54 times, and qualified institutional buyers’ subscription stood at 0.19 times. The NSE opened for subscription on Thursday (September 17) and will remain open till Monday, (September 21). The exchange has set a price band of ?1,700-1,785 per share. Notably, NSE’s IPO is the country's second-largest public issue after Hyundai Motor India's ?27,870-crore offering in 2024. The minimum lot size for retail investors is 8 shares, requiring a minimum amount of ?14,280 at the upper price band. NSE IPO GMP today In the grey market, NSE shares are trading at a premium of up to 7.96 per cent. According to several websites that track grey market activity, NSE shares are currently trading at ?1,927, implying a grey market premium (GMP) of ?142 over the upper end of the price band. NSE IPO details NSE IPO is a book-built issue of ?22,561.57 crore. The issue is entirely an offer for sale (OFS) of 12.64 crore shares of ?22,561.57 crore. OFS means none of the proceeds will go to the exchange as investors offload their stakes. Around 50 per cent of the estimated ?21,494-22,567-crore IPO is reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors (NIIs), and 35 per cent for retail investors. NSE IPO allotment date, registrar NSE IPO allotment will likely be finalised on September 22, and the allotment status will be released on the websites of the registrar (MUFG Intime India Pvt Ltd) and the BSE. The book-running lead managers for the NSE’s IPO are Kotak Capital, JM Financial, Morgan Stanley India, Citigroup, HSBC Securities, JPMorgan India, SBI Capital, Anand Rathi Advisors, Avendus Capital, Axis Capital, DAM Capital, Equirus Capital, HDFC Bank, ICICI Securities, IDBI Capital, IIFL Capital, Motilal Oswal, Nuvama Wealth, Pantomath Capital and 360 ONE WAM Brokerage View Swastika - Subscribe Swastika said NSE trades at ~40.9x-42.9x FY26 diluted EPS versus peer BSE’s 54.28x, leaving room for re-rating given NSE’s larger scale. It flagged that ~79% of revenue is linked to trading volumes, making earnings sensitive to market activity and regulatory changes. Investors can subscribe for both long-term investing and Minor listing gains, supported by NSE’s leadership and valuation advantage, it noted. Ventura - Subscribe With its leadership position, strong brand, technological capabilities and expanding capital-market ecosystem, NSE remains well positioned to capture the long-term growth opportunity in India’s financial markets, said Ventura. It added that IPO will support growth initiatives, leveraging strong capabilities while managing government dependency and execution risks, therefore assigning a ‘subscribe’ tag. First Published: Sep 18 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Skyways Air Services jumped 11.65% to Rs 131.75 after the company's consolidated net profit jumped 190.1% to Rs 19.67 crore in Q1 FY27 from Rs 6.78 crore in Q1 FY26. Revenue for the period under review rose by 90.4% year-on-year (YoY) to Rs 1,216.53 crore during the quarter. Total operating expenditure increased by 90.7% to Rs 1,166.59 crore in Q1 FY27 over Q1 FY26. Profit before tax in Q1 FY27 stood at Rs 37.28 crore, up by 121.9% from Rs 16.80 crore in Q1 FY26. Total tax outgo for the June'26 quarter was Rs 11.98 crore, up 113.5% YoY. The board declared the first interim dividend of Rs 0.25 per equity share, equivalent to 2.5% of the face value of Rs 10 per share, for financial year 2026-27. The company has fixed 9 October 2026 as the record date to determine shareholders eligible for the dividend. The dividend will be paid within 30 days from the date of declaration. The board also approved plans to set up overseas offices, subsidiaries, joint ventures or associates in China, Malaysia, Indonesia, Singapore and the Philippines. The aggregate investment for the expansion will not exceed Rs 30 crore over a period of time. In addition, the company approved incremental capital infusion of up to Rs 20 crore into its existing overseas subsidiaries over a period of time. Yashpal Sharma has been designated as chief executive officer of the company with effect from 17 September 2026, in addition to his existing role as chairman and managing director. The board also promoted Akshita Sehgal from senior manager to assistant general manager and designated her as senior management personnel with effect from 18 September 2026. Skyways Air Services (SASL), provides comprehensive suite of services, including air freight forwarding, ocean freight forwarding, trucking, warehousing, custom broking, technology driven express cargo and parcel delivery and a wide range of value-added services (VAS). First Published: Sep 18 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Raksan Transformers traded at Rs 271.05 on the BSE, a 0.71% discount to the issue price of Rs 273. The counter hit a high of Rs 277 and a low of Rs 261.30. About 22.40 lakh shares of the company changed hands at the counter. Raksan Transformers' IPO was subscribed 43.76 times. The issue opened for bidding on 10 September 2026 and it closed on 15 September 2026). The price band of the IPO was between Rs 258 273 per share. The IPO comprised a fresh issue of 28,42,800 equity shares and an offer for sale (OFS) of 11,00,000 equity shares. The promoter shareholding diluted to 74.32% post-issue from 94.22% pre-issue. The company proposes to utilise the net proceeds from the issue towards funding capital expenditure for setting up a manufacturing facility at Liwaspur, Sub-Tehsil Rai, Sonepat, Haryana; meeting its working capital requirements; repayment, in full or in part, of certain borrowings availed by the company; and general corporate purposes. Ahead of the IPO, Raksans Transformers on 9 September 2026, raised Rs 42.86 crore from anchor investors. The board allotted 15.70 lakh shares at Rs 273 each to 23 anchor investors. Raksan Transformers is a manufacturer of distribution transformers, power transformers, solar-application transformers and special-purpose transformers. The company serves power generation, transmission and distribution networks, government entities, utilities, EPC contractors and industrial customers. The company had total 143 employees as on 31st March 2026. The company recorded revenue from operations of Rs 363.11 crore and net profit of Rs 33.60 crore for the financial year ended 31 March 2026. First Published: Sep 18 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Bombay Burmah Trading Corporation Ltd notched up volume of 19.17 lakh shares by 10:45 IST on BSE, a 517 fold spurt over two-week average daily volume of 3708 shares Atul Ltd, Go Digit General Insurance Ltd, Timken India Ltd, ITC Ltd are among the other stocks to see a surge in volumes on BSE today, 18 September 2026. The Bombay Burmah Trading Corporation Ltd notched up volume of 19.17 lakh shares by 10:45 IST on BSE, a 517 fold spurt over two-week average daily volume of 3708 shares. The stock rose 5.68% to Rs.1,478.40. Volumes stood at 4025 shares in the last session. Atul Ltd recorded volume of 1.3 lakh shares by 10:45 IST on BSE, a 38.8 times surge over two-week average daily volume of 3338 shares. The stock gained 0.02% to Rs.6,131.00. Volumes stood at 20353 shares in the last session. Go Digit General Insurance Ltd clocked volume of 3.27 lakh shares by 10:45 IST on BSE, a 34.62 times surge over two-week average daily volume of 9443 shares. The stock lost 0.84% to Rs.253.25. Volumes stood at 14940 shares in the last session. Timken India Ltd notched up volume of 20500 shares by 10:45 IST on BSE, a 11.45 fold spurt over two-week average daily volume of 1791 shares. The stock rose 1.34% to Rs.3,224.35. Volumes stood at 1713 shares in the last session. ITC Ltd witnessed volume of 127.57 lakh shares by 10:45 IST on BSE, a 11.26 times surge over two-week average daily volume of 11.33 lakh shares. The stock dropped 0.11% to Rs.265.70. Volumes stood at 10.92 lakh shares in the last session. First Published: Sep 18 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From PWD B&R Branch, Govt. of Punjab First Published: Sep 18 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IndiGo ancillary charge hike to provide margin relief, say analysts First Published: Sep 18 2026 | 10:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 18 2026 | 10:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The local unit ended 2 paise higher at 95.89 against the American currency on Thursday, after declining 150 paise The rupee rebounded from over two-month low levels, gaining 16 paise to 95.73 against the US dollar in early trade on Friday, buoyed by a buying trend in domestic equity markets and easing crude oil prices overseas. Forex analysts said the retreat of crude prices below the 104-per-barrel level from a steep rise earlier this week eased pressure on the Indian currency, even as US bond yields fell from record highs after the US Federal Reserve hiked interest rates by 25 basis point. At the interbank foreign exchange market, the rupee opened at 95.75 and gained slightly to trade at 95.73 against the greenback in early deals, up 16 paise from its previous close. The local unit ended 2 paise higher at 95.89 against the American currency on Thursday, after declining 150 paise, or nearly 1.5 per cent, in the preceding eight sessions since the closing level of 94.43 against the greenback recorded on September 4. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.02 per cent lower at 99.97. Brent crude, the global oil benchmark, was trading 0.93 per cent lower at USD 103.85 per barrel in futures trade. In domestic equities, Sensex rose 122.18 points, or 0.16 per cent, to 74,436.77, while the Nifty gained 23.55 points, or 0.10 per cent, to 23,294.15. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,208.76 crore on a net basis on Thursday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 18 2026 | 10:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 18 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Steel price rally likely to lift earnings; MOFSL favours JSW, Tata Steel The domestic steel sector is entering the second half of FY27 on a stronger pricing footing, with steel prices holding firm despite seasonal weakness in demand. According to Motilal Oswal Financial Services (MOFSL), the recent rally in steel prices is being driven by a combination of lean channel inventories, maintenance-related supply constraints, resilient domestic consumption and higher input costs. MOFSL therefore expects the domestic steel cycle to shift from a volume-led recovery towards pricing- and cost-led earnings growth. Within the sector, the brokerage has identified JSW Steel and Tata Steel as its top picks The brokerage noted that the improvement in steel prices is mainly attributed to the cost pass-through. Input costs (coking coal, iron ore and pellet) have simultaneously increased, raising the cost base for steelmakers. MOFSL highlighted that the premium Australian coking coal price has risen to $300/t from $260/t in June 2026, implying that every $10/t increase in coking coal adds $7-8/t to input costs, creating a margin headwind. Iron ore and pellets prices also remained firm during the muted demand cycle. The brokerage noted that lean inventories, constrained supply, resilient underlying consumption, and global cost inflation provide the foundation for higher steel prices. If post-monsoon demand normalises as expected, the sector could enter 2HFY27 with a considerably stronger realisation environment than the current consensus assumptions imply. Domestic HRC prices have risen 7 per cent month-on-month to ?62,000 per tonne in September 2026, a four-year high, while CRC prices have increased 8 per cent to ?70,500 per tonne, as per MOFSL. Rebar prices have also recovered sharply to ?56,800 per tonne from ?48,850 per tonne in June, pointing to broad-based strength across both flat and long steel products. “We believe the immediate earnings trajectory will be supported by positive realisation momentum, while margin sustainability will depend on mills’ ability to pass through further price increases as the impact of cost inflation will be evident steadily in the coming quarters,” the brokerage said. MOFSL highlighted JSW Steel and Tata Steel as its top picks, noting that companies with stronger cost positions, captive raw materials and greater value-added exposure should be better positioned to defend margins. First Published: Sep 18 2026 | 10:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 18 2026 | 10:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 18 2026 | 10:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee rebounded from over two-month low levels, gaining 16 paise to 95.73 against the US dollar in early trade on Friday, buoyed by a buying trend in domestic equity markets and easing crude oil prices overseas. The retreat of crude prices below the 104-per-barrel level from a steep rise earlier this week eased pressure on the Indian currency, even as US bond yields fell from record highs after the US Federal Reserve hiked interest rates by 25 basis point. At the interbank foreign exchange market, the rupee opened at 95.75 and gained slightly to trade at 95.73 against the greenback in early deals, up 16 paise from its previous close. Local shares are seen opening higher on Friday, tracking gains in global markets as a pullback in oil prices and global bond yields helped ease inflation and interest-rate concerns. Benchmark indexes Sensex and Nifty swung between gains and losses before ending on a mixed note Thursday. Today, the BSE Sensex is trading at 74,438.80 (up 0.22%), while the Nifty 50 sits at 23,320.90 (up 0.22%). First Published: Sep 18 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Japanese yen fell sharply after the Bank of Japan hiked its key benchmark rate by 25bps to 1.25%, marking the highest level since April 1995. BoJ made rate policy decision by 7-2 vote. The Japanese currency plunges against the US Dollar after the Bank of Japans monetary policy decision. The USD/JPY pair surges to near 156.95 at the time of writing, its highest level in two weeks. Meanwhile, investors await BoJ Governor Kazuo Uedas press conference to get fresh cues regarding whether the central bank will remain on the monetary tightening path. Moreover, with recent Fed rate hike, the global interest rate differential continues to stay, creating demand for higher-yielding US Dollar over the Yen. First Published: Sep 18 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Responsive Industries slipped 2.01% to Rs 160.12 after the company's board decided not to proceed with its proposed share buyback at this stage. The board may reconsider the buyback proposal at an appropriate time in the future, subject to prevailing market conditions, the business environment and applicable laws and regulatory requirements. As on June 2026, promoters held 59.14% stake in the company. Responsive Industries is a leading manufacturer of PolyVinyl Chloride (PVC) based products with the product verticals viz. vinyl flooring, synthetic leather, luxury vinyl tile (LVT), wall cladding & surface products, industrial & specialized flooring solutions, stone plastic composite (SPC), synthetic ropes and waterproof membrane (PVC specialized covers). On a consolidated basis, Responsive Industries' net profit declined 94.51% to Rs 2.74 crore while net sales declined 43.06% to Rs 192.87 crore in Q1 June 2026 over Q1 June 2025. First Published: Sep 18 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shapoorji Pallonji (SP) Group This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee staged a spirited recovery after slipping below the 96 level intraday and settled higher by 2 paise at 95.89 against the US dollar on Thursday on heavy dollar selling by banks, snapping its seven-day falling streak. The local currency breached the 96 level to hit a low of 96.10 to a dollar in day trade after a 25 basis point rate hike by the US Federal Reserve, sustained foreign fund outflows from stock markets and high crude oil rates. Forex traders said that dollar selling by banks on behalf of the RBI helped the local unit recoup losses and hit a high of 95.78 to a dollar. A slight correction in the dollar index and crude oil prices also supported investor sentiment despite global geopolitical volatility, they added. At the interbank foreign exchange market, the rupee opened higher at 95.88 but soon reversed gains and hit the intraday low of 96.10, breaching the 96 level for the first time since July 24. The unit recovered during the session and touched the high of 95.78 before settling at 95.89 against the US dollar, up 2 paise from the previous closing level, breaking the seven-day falling trend. "The Indian rupee experienced a highly volatile trading session on Thursday, initially buckling under a hawkish Fed onslaught and weaker Asian currency sentiment. However, those early losses proved fleeting as aggressive central bank intervention swooped in with heavy-handed dollar defence, pulling the local unit off the canvas to secure marginal gains," Dilip Parmar Senior Research Analyst, HDFC Securities. Parmar further noted that "turning to the technical outlook, the spot USD/INR pair remains in an overall upward trend following its recent surge, though we anticipate a period of short-term consolidation with key support around 95.45 and resistance capped at 96.30." On Wednesday, the local unit ended 3 paise lower at 95.91 against the American currency, extending its downward trend for the seventh session in a row. In the preceding six sessions, the rupee has lost 148 paise, or more than 1.4 per cent, since the closing level of 94.43 against the greenback recorded on September 4. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 99.92. Brent crude, the global oil benchmark, was trading 1.29 per cent lower at USD 104.47 per barrel in futures trade. Dealers said global trade uncertainties after the House of Representatives cleared a law authorising President Donald Trump to impose up to a 100 per cent tariff on India and other countries importing Russian oil weighed on the local unit. The domestic unit was also weighed down after the US Federal Reserve hiked interest rates for the first time in three years amid rising inflation, they said. In domestic equities, Sensex fell 21.86 points, or 0.03 per cent, to settle at 74,314.59, while the Nifty ended with a gain of 53.00 points, or 0.23 per cent, at 23,270.60. Foreign institutional investors (FIIs) offloaded equities worth ?3,208.76 crore on a net basis on Thursday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 17 2026 | 11:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 17 2026 | 11:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
stack-gold-bars First Published: Sep 17 2026 | 10:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 17 2026 | 10:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 17 2026 | 9:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Of this, the 51 lakh additional employees expected to come under EPFO coverage would account for about ?14,700 crore This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 17 2026 | 8:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 17 2026 | 8:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bombay house This article has been processed by AI. It is not an official market report and should not be considered financial advice.
S Krishnan: secretary of the Ministry of Electronics and Information Technology (MeitY). (File Pic) First Published: Sep 17 2026 | 7:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Puravankara logo First Published: Sep 17 2026 | 7:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Puravankara logo First Published: Sep 17 2026 | 7:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 17 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 17 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 17 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 17 2026 | 7:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 17 2026 | 7:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 17 2026 | 6:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 17 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 17 2026 | 6:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 17 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From L to R - Accel Partner Prashanth Prakash and RentoMojo founder Geetansh Bamania First Published: Sep 17 2026 | 6:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee, which slipped below the 96 level in intraday trade, ended Thursday's session with a loss of just 3 paise at 95.94 (provisional) against the US dollar, paring initial losses. The rupee ended almost flat amid a slight fall in the dollar index and crude oil prices, which supported investor sentiment despite global geopolitical volatility. The local currency, however, stayed under pressure due to outflows of foreign funds and global trade uncertainties after the House of Representatives cleared a law authorising President Donald Trump to impose up to a 100 per cent tariff on India and other countries importing Russian oil. Indian shares swung between gains and losses on Thursday before ending on a mixed note. A cautious undertone prevailed after the U.S. Federal Reserve raised interest rates for the first time in three years and signaled more increases to curb persistent inflation. The NSE Nifty 50 managed to sustain its gains to finish at 23,270.60, up 53.00 points (0.23%). Meanwhile, the BSE Sensex experienced marginal pressure to end flat at 74,314.59, down 21.86 points (0.03%). First Published: Sep 17 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NIIT, a leading skills and talent development corporation and Bharatiya Vidya Bhavan's S.P. Jain Institute of Management & Research (SPJIMR) have announced the launch of a Professional Certificate in FinTech Operations, designed to prepare students, graduates and early-career professionals for roles in India's digital financial services ecosystem. SPJIMR is one of India's leading business schools, ranked #26 globally and #2 in India by the Financial Times Masters in Management 2026 ranking. The Professional Certificate is designed for final-year students and graduates from Commerce, Finance and Management backgrounds. Early career professionals working in BFSI domains can also enrol to build modern financial-services skills and strengthen their understanding of technology-enabled finance. The program offers a non-coding pathway into FinTech and digital financial services roles, emphasizing technology fluency without requiring learners to code. Participants learn to use APIs, AI tools and FinTech platforms from a business and operations perspective. The launch comes amid a broader transformation of financial services, with emerging technologies such as AI increasingly reshaping operations, risk, compliance and customer experience. These shifts were a key focus at the Global Fintech Fest 2026 in Mumbai, which examined the impact of technologies including Agentic AI, tokenisation and quantum computing on the future of finance. First Published: Sep 17 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 29.80 crore shares as against 8.86 crore shares on offer. The issue opened for bidding on 16 September 2026 and will close on 18 September 2026. The price band of the IPO is fixed between Rs 79 and 84 per share. An investor can bid for a minimum of 178 equity shares and multiples thereof. The IPO comprises a fresh issue of equity shares worth up to Rs 600 crore and an offer aggregating up to Rs 400 crore by O P Munjal Holdings and Hero Cycle. As of July 31, 2026, Hero Motors had total outstanding borrowings of Rs 289.54 crore. The company proposes to use Rs 190 crore from the fresh issue towards repayment/prepayment of certain outstanding borrowings, which should help reduce its debt burden. Another Rs 200 crore will be utilized for capital expenditure, primarily towards purchasing equipment required for capacity expansion at its Gautam Buddha Nagar, Uttar Pradesh, facility. The capex is expected to be deployed in phases through FY29. The remaining proceeds will be used to fund inorganic growth initiatives and for general corporate purposes. The company is also setting up two additional manufacturing facilities in Ludhiana, Punjab and Bengaluru, Karnataka. Their post IPO shareholding is expected to be around 61.63%. Hero Motors is an India-based automotive technology company engaged in designing, developing, manufacturing and supplying engineered powertrain solutions to automotive OEMs across India, Europe, the US and ASEAN markets. The company offers powertrain systems for electric and non-electric applications across two-wheelers, e-bikes, performance vehicles, off-road vehicles, electric and hybrid cars and heavy-duty vehicles. It operates across Powertrain Solutions and Alloys & Metallics segments and had six manufacturing facilities across India, the UK and Thailand as of March 31, 2026. In FY26, powertrain solutions contributed 53.67% of revenue, while Alloys & Metallics contributed 46.33%. The company caters to global customers including BMW, Ducati, enviolo, Formula Motorsport, Hummingbird EV and HWA. Ahead of the IPO, Hero Motors on Tuesday, 15 August 2026, raised Rs 244.98 crore from anchor investors. The board allotted 2.91 crore shares at Rs 84 each to 16 anchor investors. The firm reported a consolidated net profit of Rs 41.17 crore and sales of Rs 1,188.35 crore for the twelve months ended on 31 March 2026. First Published: Sep 17 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
LG Electronics India announced its entry into the chest freezer category in India with the launch of its Convertible Chest Freezer range. Marking a significant expansion of LG's refrigeration portfolio, the new range brings LG's expertise in cooling technology to the evolving cold-storage requirements of businesses across retail, HoReCa, dairy, ice cream, pharma and food storage along with home consumption. Built on LG's convertible cooling technology, the new range allows users to switch the chest freezer between chilling and deep-freezing modes across a wide temperature range of ??'31C to +10C, giving business owners the flexibility to adapt storage to changing needs without investing in multiple appliances. The range spans four gross capacities - 102L, 205L, 315L and 530L - with select 315L and 530L models certified under the latest BEE 5-star (2026) rating, to help commercial users lower running costs without compromising on performance. Young Min Hwang- Home Appliances Solution Sales Division Leader, LG Electronics India said: Commercial refrigeration is an important and evolving opportunity in India, with businesses across retail, HoReCa, dairy, ice cream, pharma and food storage looking for reliable and flexible solutions to meet their growing cooling and storage needs. Our entry into the chest freezer category is a natural extension of LG Electronics Refrigeration portfolio and reflects our commitment to addressing these diverse business requirements. With this new range, we are bringing together LG Electronics focus on technology, energy efficiency, durability and ease of operation to deliver solutions that are designed around the practical needs of businesses First Published: Sep 17 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The key equity benchmarks inched higher on Thursday, as investors assessed the US Federal Reserve's latest policy decision and its implications for global liquidity. The Fed raised its benchmark interest rate by 25 basis points to 3.75%-4%, its first hike since 2023. The central bank's projections also kept the possibility of another rate increase this year on the table, with the latest projections showing a range of views among policymakers. The Fed's indication of another rate hike in 2026 kept investors cautious, particularly across rate-sensitive and foreign-portfolio-investment-driven segments. The higher US rate environment supported the dollar and kept pressure on emerging-market currencies. However, selective buying helped the Nifty close above the 23,250 mark. Realty and pharma stocks were in demand, while banks and oil & gas stocks declined. The S&P BSE Sensex shed 21.86 points or 0.03% to 74,314.59. The Nifty 50 index added 53 points or 0.23% to 23,270.60. Bharat Electronics (up 2.51%), Tata Steel (up 2.34%) and Eternal (up 1.69%) were major Nifty movers today. Crude oil prices provided some relief during the session. Brent crude eased below $104 per barrel mark, although geopolitical risks in the Middle East remained a concern. Investor attention was also on the National Stock Exchange's Rs 22,561.5 crore IPO, which opened for subscription on Thursday. The offer is entirely an offer for sale by existing shareholders, with the price band set at Rs 1,700-1,785 per share. The issue is scheduled to remain open until 21 September 2026. In the broader market, the BSE 150 MidCap Index rose 0.07% and the BSE 250 SmallCap Index shed 0.13%. The market breadth was positive. On the BSE, 2,686 shares rose and 1,642 shares fell. A total of 217 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 7.82% to 12.14. Trump Tariffs: The US House of Representatives on Wednesday passed a Russia sanctions bill by 262-159 that gives President Donald Trump the power to impose tariffs of up to 100% on countries buying Russian oil and gas, directly targeting major importers such as India and China. The bill, which follows Senate approval on 7 August 2026, also expands sanctions on Russian officials, financial institutions and vessels linked to Russia's shadow fleet, while extending existing Iran sanctions by five years. Numbers to Track: In the commodities market, Brent crude for the November 2026 settlement declined $2.34 or 2.21% to $103.49 a barrel. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.15% to 100.16. The United States 10-year bond yield fell 0.38% to 4.985. The yield on India's 10-year benchmark federal paper rose 0.13% to 7.064 compared with the previous session close of 7.055. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.9300 compared with its close of 95.9100 during the previous trading session. MCX Gold futures for the 5 October 2026 settlement fell 0.49% to Rs 1,51,724. Global Markets: The US Dow Jones futures were up around 382 points on Thursday, pointing to a stronger opening for US equities after Wall Street ended sharply lower in the previous session following the Federal Reserve's policy decision. The Fed raised interest rates for the first time in three years and signaled that another rate hike could come before the end of 2026. European equities advanced, while Asian equities ended mixed on Thursday as investors assessed the Fed's rate hike and easing crude oil prices. Oil prices eased on signs that Saudi Arabia was working to restore crude flows following damage to its East-West pipeline. Reports that Saudi Arabia was arranging additional crude shipments via Oman helped reduce immediate concerns about supply disruptions. The Saudi East-West pipeline, which provides an alternative route for moving crude away from the Persian Gulf, was damaged in a drone attack launched from Iraq, according to reports. Saudi Arabia had shut the pipeline following the attack, raising concerns about further pressure on an already-tight global oil market. The US administration subsequently indicated that operations would resume, easing some of the supply-risk premium in crude prices. The gains in parts of Asia came after a heavy sell-off on Wall Street on Wednesday. The Dow Jones Industrial Average fell 631.21 points, or 1.21%, to 51,461.90, while the S&P 500 declined 0.45%. The Nasdaq Composite was broadly flat. The Federal Reserve raised its benchmark federal funds target range by 25 basis points to 3.75%-4%, marking its first rate increase since July 2023. The decision reflected the Fed's concern that inflation remains elevated despite resilient economic activity and labour-market conditions. Fed Chair Kevin Warsh said inflation was still too high and that monetary policy would remain focused on preventing higher energy prices from generating broader inflationary effects. The Fed's updated projections point to another rate increase in 2026. Sixteen of the 19 officials indicated support for at least one further hike this year, while the median projection put the policy rate at 4.1% at the end of 2026. The median forecast also showed the rate remaining at 4.1% in 2027. The central bank raised its inflation outlook, with the median forecast for headline PCE inflation at 3.7% for 2026, well above its 2% target. Core PCE inflation was projected at 3.4%. At the same time, the Fed raised its 2026 GDP growth forecast to 2.3%, while the median unemployment-rate projection was 4.1%. New Listings: Shares of Manipal Payment and Identity Solutions ended at Rs 345.75 on the BSE, representing a premium of 1.99% as compared with the issue price of Rs 339. The stock debuted at Rs 332 on the BSE, a discount of 2.06% over its issue price. The stock has hit a high of Rs 350 and a low of Rs 316. On the BSE, over 7.62 lakh shares of the company were traded in the counter. Shares of Rentomojo were at Rs 532.95 on the BSE, representing a premium of 31.92% as compared with the issue price of Rs 404. The stock debuted at Rs 480 on the BSE, a premium of 18.81% over its issue price. The stock has hit a high of Rs 547 and a low of Rs 480. On the BSE, over 47.51 lakh shares of the company were traded in the counter . Shares of Steamhouse India were at Rs 102.20 on the BSE, representing a premium of 26.17% as compared with the issue price of Rs 81. The scrip was listed at 93, a premium of 14.78% compared with issue price. The stock has hit a high of Rs 102.29 and a low of Rs 91.51. On the BSE, over 84.12 lakh shares of the company were traded in the counter. Shares of Asset Reconstruction Company (India) were at Rs 137.05 on the BSE, representing a discount of 1.40% as compared with the issue price of Rs 139. The scrip was listed at 113, matching the issue price. The stock has hit a high of Rs 141.60 and a low of Rs 130.90. On the BSE, over 20.77 lakh shares of the company were traded in the counter. Shares of LCC Projects were at Rs 172.75 on the BSE, representing a premium of 18.32% as compared with the issue price of Rs 146. The scrip was listed at 191.90, a premium of 31.44% compared with the issue price. The stock has hit a high of Rs 191.90 and a low of Rs 172.75. On the BSE, over 27.67 lakh shares of the company were traded in the counter. Shares of Karamtara Engineering were at Rs 351.95 on the BSE, representing a premium of 38.56% as compared with the issue price of Rs 254. The scrip was listed at 320, a premium of 25.98% compared with the issue price. The stock has hit a high of Rs 351.95 and a low of Rs 320. On the BSE, over 19.48 lakh shares of the company were traded in the counter. Stocks in Spotlight: RIR Power Electronics surged 10.70% after the company announced the completion of installation of silicon carbide (SiC) epitaxial wafer manufacturing reactors at its semiconductor facility in Bhubaneswar, Odisha. Emami added 2.33% to Rs 377.90 after the companys board approved a share buyback through the open market at a maximum price of Rs 475 per equity share, aggregating up to Rs 282 crore. The company proposes to buy back up to 59,36,842 equity shares, representing 1.36% of its paid-up equity share capital as of 31 March 2026. Tata Motors advanced 2.88% after the company announced a price increase of up to 1% on its range of commercial vehicles, effective 1 October 2026. Precision Wires India rose 2.57% after the company said that it has commenced some trial production of copper cathodes at its copper refining/recycling plant located at Zaroli, Gujarat. Neogen Chemicals jumped 3.37% after the company has announced the successful completion of qualified institutions placement (QIP) for the equity shares of the company, raising an aggregate of approximately Rs 599.99 crore. Pursuant to the QIP, the company allotted 26,60,753 equity shares of face value Rs 10 each at an issue price of Rs 2,255 per equity share (including a premium of Rs 2,245 per equity share). Semiconductor and electronics manufacturing stocks were in demand on Thursday, 17 September 2026, as SEMICON India 2026 got underway at Yashobhoomi in New Delhi. The three-day event is being held from 17 to 19 September under the theme "Silicon to Systems: Building the Ecosystem" Syrma SGS Technology was the top gainer, jumped 6.94%. MosChip Technologies surged 4.69%, followed by Kaynes Technology India, which gained 3.99%. Dixon Technologies advanced 0.83%, while Avalon Technologies rose 0.81%. Prime Minister Narendra Modi inaugurated SEMICON India 2026 on Thursday. The event brings together companies, policymakers, investors, researchers, startups and academic institutions from across the semiconductor and electronics value chain. The PMO said more than 600 companies and representatives from 52 countries are participating. IPO Update: National Stock Exchange of India (NSE) received bids for 3,67,69,784 shares as against 8,86,42,911 shares on offer, according to stock exchange data at 16:55 IST on 17 September 2026. The issue was subscribed 0.41 times. The issue opened for bidding on 17 September 2026 and will close on 21 September 2026. The price band of the IPO is fixed between Rs 1,700 and 1,785 per share. An investor can bid for a minimum of 8 equity shares and multiples thereof. Jindal Supreme (India) received bids for 29,52,88,651 shares as against 93,99,600 shares on offer, according to stock exchange data at 16:55 IST on 17 September 2026. The issue was subscribed 31.42 times. The issue opened for bidding on 16 September 2026 and will close on 18 September 2026. The price band of the IPO is fixed between Rs 88 and 93 per share. An investor can bid for a minimum of 161 equity shares and multiples thereof. Hero Motors received bids for 29,75,98,378 shares as against 8,86,07,596 shares on offer, according to stock exchange data at 16:55 IST on 17 September 2026. The issue was subscribed 3.36 times. The issue opened for bidding on 16 September 2026 and will close on 18 September 2026. The price band of the IPO is fixed between Rs 79 and 84 per share. An investor can bid for a minimum of 178 equity shares and multiples thereof. SS Retail received bids for 5,06,85,075 shares as against 87,93,884 shares on offer, according to stock exchange data at 16:55 IST on 16 September 2026. The issue was subscribed 5.76 times. The issue opened for bidding on 16 September 2026 and will close on 18 September 2026. The price band of the IPO is fixed between Rs 403 and 424 per share. An investor can bid for a minimum of 35 equity shares and multiples thereof. Sonaselection India received bids for 46,63,800 shares as against 1,00,10,000 shares on offer, according to stock exchange data at 16:55 IST on 17 September 2026. The issue was subscribed 0.47 times. The issue opened for bidding on 17 September 2026 and will close on 21 September 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 150 equity shares and multiples thereof. First Published: Sep 17 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 17 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 3.69 crore shares as against 8.86 crore shares on offer. The issue opened for bidding on 17 September 2026 and will close on 21 September 2026. The price band of the IPO is fixed between Rs 1,700 and 1,785 per share. An investor can bid for a minimum of 8 equity shares and multiples thereof. The initial public offer (IPO) consists entirely of offer for sales (OFS) of 12.64 crore equity shares to raise Rs 21486-22562 crore with price band of Rs 1700-1785 per equity share of face of Rs 1. The company does not have any identifiable promoter. Among the selling shareholding State Bank of India is selling 1.60 crore equity shares, Canada Pension Plan Investment Board 1.19 crore equity shares, Aranda Investments (Mauritius) Pte 1.12 crore equity shares, MS Strategic (Mauritius) 1.10 crore equity shares, The New India Assurance Company 1.05 crore equity shares, SBI Capital Markets 0.88 crore equity shares, Bank of Baroda 0.77 crore equity shares, Stock Holding Corporation of India 0.62 crore equity shares, General Insurance Corporation of India 0.62 crore equity shares, United India Insurance Company 0.60 crore equity shares, Crown Capital 0.59 crore equity shares, 2726247 Ontario Inc. 0.54 crore equity shares, The Oriental Insurance Company 0.50 crore equity shares, National Insurance Company 0.40 crore equity shares, Mahagony 0.30 crore equity shares etc. National Stock Exchange of India (NSE) is Indias largest stock exchange, offering trading, listing, clearing and post-trade services across multiple asset classes, including cash equities, equity derivatives, currency derivatives, mutual funds, commodities and debt markets. Incorporated in November 1992, NSE operates a technology-driven platform and maintains leading market shares across key segments. The exchange had 261.36 million registered investor accounts, 132.37 million unique registered investors and 3,005 listed entities as of FY2026. Its integrated ecosystem includes NSE Clearing, NSE Indices, NSE Data and Analytics and NSE International Exchange, providing complementary services across clearing, indices, market data and international trading. Ahead of the IPO, National Stock Exchange of India (NSE) on Wednesday, 16 August 2026, raised Rs 6,746.18 crore from anchor investors. The board allotted 3.77 crore shares at Rs 1,785 each to 189 anchor investors. The firm reported a consolidated net profit of Rs 3,121.88 crore and sales of Rs 4,560.41 crore for the twelve months ended on 31 March 2026. First Published: Sep 17 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty IT slumps 1% as Fed rate hike sparks fresh selling in tech stocks Nifty IT stumbled 1 per cent in Thursday's trading session, with eight out of ten constituents trading in the red. The Nifty IT was the only laggard in the Nifty sectoral basket as it hit the day's low of 28,805.40, down 0.96 per cent from its last close. The weakness in IT stocks was followed by the US Federal Reserve’s decision to hike the key lending rate by 0.25 basis points to 3.75-4 per cent. Domestically, in the IT pack, stocks declined in the range of 1-2 per cent. Based on day's low, HCL Technologies emerged as the biggest loser with a 1.4 per cent fall. Tata Consultancy Services fell 1 per cent, menahwile, Mphasis, Wipro, Tech Mahindra, OFSS and Coforge shed nearly 1 per cent each. In one month’s time frame, the IT index has fallen 6.21 per cent. In July, it recorded its best gain in six months, following a 17 per cent rise. The Federal Reserve raised interest rates on Wednesday and flagged further increases in borrowing costs in the coming months. Further, new policy projections showed 16 of 18 policymakers anticipate at least one more quarter-percentage-point hike by the end of this year. Sunny Agrawal, deputy vice president, fundamental research at SBI Securities, said that IT stocks are marginally under pressure due to the rate hike from the US Fed. “Basically, this is on account of the expectation that with increasing interest rates in the US economy, the IT budget going forward can be slashed by US corporates, and that can have some marginal impact on Indian IT companies.” However, he also noted that the IT companies have been strong underperformers on account of the deflationary impact due to AI, “and we have already seen a sharp correction across the entire IT pack.” Agrawal said today's reaction is muted and, as guided by most IT companies, the growth outlook for FY27 has penciled in these global challenges, and hence it's likely to be, at least for Tier 1 IT companies, in the range of 3-5 per cent. He added that most of the negative development is already in the price as far as the IT pack is concerned. “We feel that IT stocks may not correct going forward, as stock prices have already corrected significantly at the current juncture,” he said. Agarwal remained bullish on select IT companies that are ahead in the AI race; this included Coforge and Persistent Systems. First Published: Sep 17 2026 | 10:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Asset Reconstruction Company (India) were currently trading at Rs 136.10 at 10:15 IST on the BSE, representing a discount of 2.09% as compared with the issue price of Rs 139. The scrip was listed at 113, matching the initial public offer (IPO) price. So far, the stock has hit a high of Rs 140.95 and a low of Rs 132.40. On the BSE, over 10.19 lakh shares of the company were traded in the counter so far. Asset Reconstruction Company (India) was subscribed 20.10 times. The issue opened for bidding on 9 September 2026 and closed on 11 September 2026. The price band of the IPO is fixed between Rs 132 and 139 per share. The initial public offer (IPO) consists entirely of offer for sales (OFS) of 5.27 crore equity shares to raise Rs 696-733 crore with a price band of Rs 132-139 per equity share of face value of Rs 10. The promoters, Avenue India Resurgence Pte, are selling 2.5 crore equity shares and State Bank of India 1.1 crore equity shares. The promoter shareholding in the company will decline to 78.67% post-IPO from 89.68% pre-IPO. Among the selling shareholders, Lathe Investment Pte is selling 1.6 crore equity shares and The Federal Bank 0.1 crore equity shares through OFS. Ahead of the IPO, Asset Reconstruction Company (India), on 8 August 2026, raised Rs 219.89 crore from anchor investors. The board allotted 1.58 crore shares at Rs 139 each to 21 anchor investors. Asset Reconstruction Company (India) (ARCIL), incorporated in 2003, is Indias first asset reconstruction company and is engaged in acquiring stressed assets from banks and financial institutions and implementing resolution strategies through restructuring, enforcement and settlements to maximize recoveries and optimize asset value. The company operates across corporate, SME and retail loan segments through 13 offices across 12 states and had 206 employees as of March 2026. Its AUM grew at a 3-year CAGR of 11% to Rs 20,149 crore as of March 2026, while cumulative principal debt acquired since inception stood at Rs 89,909 crore at a cost of Rs 44,114 crore, with recoveries of Rs 31,915 crore. ARCIL is promoted by Avenue India Resurgence Pte, an affiliate of Avenue Capital Group, and State Bank of India, which held 69.73% and 19.95%, respectively. Phanindranath Kakarla is the CEO & MD and Pramod Gupta is the CFO. The company had a robust capital adequacy ratio of 65.31% as of March 2026. The firm reported a consolidated net profit of Rs 228.76 crore and sales of Rs 4,311.98 crore for the twelve months ended on 31 March 2026. First Published: Sep 17 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Manipal Payment and Identity Solutions were currently trading at Rs 322.65 at 10:15 IST on the BSE, representing a discount of 4.82% as compared with the issue price of Rs 339. The stock debuted at Rs 332 on the BSE, a discount of 2.06% over its issue price. So far, the stock has hit a high of Rs 340.05 and a low of Rs 320.80. On the BSE, over 4.04 lakh shares of the company were traded in the counter so far. Manipal Payment and Identity Solutions was subscribed 1.42 times. The issue opened for bidding on 9 September 2026 and closed on 11 September 2026. The price band of the IPO is fixed between Rs 322 and 339 per share. The initial public offer (IPO) consists of a fresh issue to raise Rs 320 crore. The IPO also comprises an offer for sales (OFS) of 1.43 crore equity shares to raise Rs 475-485 crore from the promoter, Manipal Technologies. The promoter shareholding in the company will decline to 53.92% post-IPO from 62.65% pre-IPO. The company proposes to utilize Rs 238.43 crore out of the fresh issue proceeds of Rs 320 crore for funding the capital expenditure requirements towards purchasing and setting up of new and second-hand equipment at (a) the card manufacturing facility, personalization bureau and cheque printing facility in Manipal; (b) the personalization bureau and cheque printing facility in Chennai, Noida, and the personalization bureau in Navi Mumbai; (c) the cheque printing facilities in Navi Mumbai and Howrah; (d) the central cards processing centers at Chhattisgarh RTO, and (e) the Smart Tagging and IoT Solutions facility in Manipal and balance towards general corporate purposes. Of the proposed capex of Rs 238.43 crore to be funded from IPO, Rs 170.4 crore would be spent in FY2027 itself, Rs 18.96 crore in FY2028 and Rs 49.07 crore in FY2029. Ahead of the IPO, Manipal Payment and Identity Solutions on Tuesday, 8 August 2026, raised Rs 362.25 crore from anchor investors. The board allotted 1.06 crore shares at Rs 339 each to 36 anchor investors. Manipal Payment and Identity Solutions (MPI), incorporated in 2008, provides payment, identification, secure, smart tagging, and Internet of Things (IoT) solutions to banks, fintechs, non-banking financial companies, and government entities across domestic and international markets. Its product portfolio includes payment cards, cheque solutions, NFC/QR codes, payment-enabled wearables, driving licences, registration certificates, national identity cards, secure logistics, security-enhanced packaging, excise labels, RFID-based track-and-trace, and anti-counterfeiting solutions. The company catered to over 300 customers in FY26 through 10 facilities across India and had over 1,800 employees as of March 2026. However, its payment solutions segment faces challenges from the shift towards digital payments, growing preference for cardless transactions and rapid technological advancements. Outstanding debt stood at Rs 116.18 crore as of June 2026. The firm reported a consolidated net profit of Rs 253.46 crore and sales of Rs 1,326.75 crore for the twelve months ended on 31 March 2026. First Published: Sep 17 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
eMudhra Ltd has added 10.23% over last one month compared to 4.57% fall in BSE Information Technology index and 3.95% drop in the SENSEX eMudhra Ltd lost 3.93% today to trade at Rs 618.7. The BSE Information Technology index is down 0.59% to quote at 27775.76. The index is down 4.57 % over last one month. Among the other constituents of the index, Allied Digital Services Ltd decreased 1.99% and Zensar Technologies Ltd lost 1.79% on the day. The BSE Information Technology index went down 22.39 % over last one year compared to the 10.29% fall in benchmark SENSEX. eMudhra Ltd has added 10.23% over last one month compared to 4.57% fall in BSE Information Technology index and 3.95% drop in the SENSEX. On the BSE, 27702 shares were traded in the counter so far compared with average daily volumes of 1.12 lakh shares in the past one month. The stock hit a record high of Rs 721 on 19 Sep 2025. The stock hit a 52-week low of Rs 365.75 on 30 Mar 2026. First Published: Sep 17 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Godavari Biorefineries Ltd has added 0.7% over last one month compared to 4.19% fall in BSE Fast Moving Consumer Goods index and 3.95% drop in the SENSEX Godavari Biorefineries Ltd gained 7.03% today to trade at Rs 252. The BSE Fast Moving Consumer Goods index is up 0.03% to quote at 17272.6. The index is down 4.19 % over last one month. Among the other constituents of the index, AWL Agri Business Ltd increased 2.8% and DOMS Industries Ltd added 2.38% on the day. The BSE Fast Moving Consumer Goods index went down 16.74 % over last one year compared to the 10.29% fall in benchmark SENSEX. Godavari Biorefineries Ltd has added 0.7% over last one month compared to 4.19% fall in BSE Fast Moving Consumer Goods index and 3.95% drop in the SENSEX. On the BSE, 21850 shares were traded in the counter so far compared with average daily volumes of 22378 shares in the past one month. The stock hit a record high of Rs 353.5 on 24 Apr 2026. The stock hit a 52-week low of Rs 224 on 16 Sep 2026. First Published: Sep 17 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 17 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The total value of the contract is Rs 12.99 crore plus applicable GST. First Published: Sep 17 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From Uttar Pradesh Expressways Industrial Development Authority Highway Infrastructure has received the Letter of Acceptance (LOA) of Rs. 105.07 crore payable for the First Year and after the First Year, the amount shall be subject to an escalation of 10% (ten percent) per annum, resulting in a total value of Rs. 220.66 crore for the period of Two Years for Collection of User Fees and Operation of Toll Plazas along with deployment of 04 number of Patrol-cum safety vehicles with required personnel manning these vehicles for Gorakhpur Link Expressway. The Letter of Award (LOA) was issued by Uttar Pradesh Expressways Industrial Development Authority on 16 September 2026. First Published: Sep 17 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 17 2026 | 10:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The listing was largely in line with expectations as the grey market premium (GMP) for Manipal Payment IPO was at -?6, suggesting a discount of 1.77 per cent. First Published: Sep 17 2026 | 10:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With this allotment, the paid up equity share capital has increased to Rs 30,04,24,270 consisting of 3,00,42,427 equity shares of Rs 10 each. First Published: Sep 17 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Deliveries to begin by October 2026 Flying Flea, the urban electric mobility brand from Royal Enfield, enters Europe and the UK, with the launch of its first electric motorcycle, the Flying Flea C6. Hardcoded to be agile, visceral and resilient, the FF.C6 will be available at the Flying Flea stores in Paris, Barcelona, Rome, Berlin and London with deliveries set to begin by October 2026. Speaking on the Flying Flea's entry into Europe & the UK, B. Govindarajan, Managing Director - Eicher Motors Ltd. and Chief Executive Officer - Royal Enfield, said, "Our foray into electric mobility through the differentiated Flying Flea brand reflects our long-term intent to build a new category of electric mobility. The response to the Flying Flea C6, our first electric motorcycle, since its launch in Bengaluru, India has been outstanding with early riders logging over 100,000 customer-ridden kilometres in just three months. This response, backed by significant R&D investment, years of rigorous testing, and in-house innovation, gives us the confidence to expand Flying Flea's presence further. The FF.C6 purposefully brings together our design language from the past with advanced battery and connected vehicle technology, delivering a category-creating, authentic, agile, and premium ride experience. Our rollout in Europe and the UK will be phased, prioritising a robust sales and service network and infrastructure so we can ensure a superior ownership experience from day one. We are building this electric future with commitment, and with an exciting product pipeline ahead, Flying Flea is all set to take Royal Enfield's legacy into a new era." Priced at 5,990 across Europe & 5,300 in the UK, the launch follows a city-by-city rollout approach. The first city to launch was Bengaluru in India, now followed by Paris, France. First Published: Sep 17 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rupee crosses 96 mark vs US dollar after Fed's first rate hike since 2023 First Published: Sep 17 2026 | 9:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 33.35% to Rs 118.71 crore First Published: Sep 17 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 10.81% to Rs 502.94 crore First Published: Sep 17 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Inox Wind, Kaynes Technology India, Bandhan Bank and SAIL are banned from F&O trading on 17 September 2026. New Listings: Manipal Payment and Identity Solutions will list on the stock exchanges today. The IPO was subscribed 1.42 times. The offer received bids for 1.85 crore shares as against 1.30 crore shares on offer. The issue opened for bidding on 9 September 2026 and closed on 11 September 2026. Asset Reconstruction Company (India) will list on the stock exchanges today. The IPO was subscribed 20.10 times. The offer received bids for 74.19 crore shares as against 3.69 crore shares on offer. The issue opened for bidding on 9 September 2026 and closed on 11 September 2026. Rentomojo will list on the stock exchanges today. The IPO was subscribed 72.88 times. The offer received bids for 158.68 crore shares as against 2.17 crore shares on offer. The issue opened for bidding on 9 September 2026 and closed on 11 September 2026. Steamhouse India will list on the stock exchanges today. The IPO was subscribed 30.49 times. The offer received bids for 114.74 crore shares as against 3.76 crore shares on offer. The issue opened for bidding on 9 September 2026 and closed on 11 September 2026. Karamtara Engineering will list on the stock exchanges today. The IPO was subscribed 62.63 times. The offer received bids for 159.17 crore shares as against 54.43 lakh shares on offer. The issue opened for bidding on 9 September 2026 and closed on 11 September 2026. LCC projects will list on the stock exchanges today. The IPO was subscribed 48.51 times. The offer received bids for 101.52 crore shares as against 54.43 lakh shares on offer. The issue opened for bidding on 9 September 2026 and closed on 11 September 2026. Stocks to Watch: Tempsens Instruments India reported consolidated net profit rose 15.5% to Rs 16.27 crore in Q1 FY27 from Rs 14.1 crore in Q1 FY26. Revenue grew 33.4% to Rs 118.71 crore from Rs 89 crore. Infosys announced the expansion of its Indore Development Center (DC) to strengthen its presence in Central India, with enhanced capabilities in AI, cloud, cybersecurity and next-generation digital services. Alembic Pharmaceuticals announced that the US Food and Drug Administration (USFDA) has issued an Establishment Inspection Report (EIR) and closed the inspection of its bioequivalence facility in Vadodara, Gujarat. The USFDA conducted the inspection from 3 March to 7 March 2025. Highway Infrastructure announced that it has received an order worth Rs 220.66 crore from the Uttar Pradesh Expressways Industrial Development Authority. The order involves collection of user fees and operation of toll plazas, along with deployment of four patrol-cum-safety vehicles with the required personnel, for the Gorakhpur Link Expressway. G R Infraprojects announced that it has issued a notice of termination to NTPC for the project EPC package for battery energy storage system (BESS) implementation at NTPC's Mouda Super Thermal Power Station. Fortis Healthcare announced that it has signed definitive agreements with Seth Sunder Lal Jain Charitable Eye Hospital to provide healthcare services at a 400+ bed super-specialty hospital in Ashok Vihar, New Delhi. The hospital is expected to commence operations in three to four years. Mazagon Dock Shipbuilders announced that it has signed a memorandum of understanding (MoU) with National Shipbuilding & Heavy Industries Park Maharashtra (NSHIPML) to participate as the anchor shipyard in the proposed Greenfield Shipbuilding Industrial Cluster at Dighi, Maharashtra. The proposed shipyard envisages an annual shipbuilding capacity of at least 1.2 million gross tons. Gujarat Narmada Valley Fertilizers & Chemicals announced that it has appointed Sanjeev Kumar as Managing Director of the company, effective 9 September, for a period of five years. First Published: Sep 17 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty September 2026 futures were up 82.50 points, indicating a positive start for the Nifty 50, tracking strong Asian cues. NSE IPO: The initial public offering (IPO) of National Stock Exchange of India (NSE) opens for subscription today and will close on 21 September 2026. The book-built issue is entirely an offer for sale (OFS) of 12.64 crore shares. The price band has been fixed at Rs 1,700 to Rs 1,785 per share. Retail investors can bid for a minimum of 8 shares, requiring a minimum investment of Rs 14,280 at the upper end of the price band. Trump Tariffs: The US House of Representatives on Wednesday passed a Russia sanctions bill by 262-159 that gives President Donald Trump the power to impose tariffs of up to 100% on countries buying Russian oil and gas, directly targeting major importers such as India and China. The bill, which follows Senate approval on 7 August 2026, also expands sanctions on Russian officials, financial institutions and vessels linked to Russia's shadow fleet, while extending existing Iran sanctions by five years. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 2,032.61 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,908.23 crore in the Indian equity market on 16 September 2026, according to provisional data. FPIs sold shares worth Rs 18871.85 crore in September so far, through 16 September 2026. This follows net cash purchases of Rs 17,366 crore in August 2026, while they were net buyers of Rs 6,731.97 crore in July 2026. Global Markets: The US Dow Jones futures were up around 310 points on Thursday, pointing to a stronger opening for US equities after Wall Street ended sharply lower in the previous session following the Federal Reserve's policy decision. The Fed raised interest rates for the first time in three years and signalled that another rate hike could come before the end of 2026. Asian equities traded mostly higher on Thursday as investors assessed the Fed's rate hike and easing crude oil prices. Oil prices eased on signs that Saudi Arabia was working to restore crude flows following damage to its East-West pipeline. Brent crude slipped to $105 a barrel in early Asian trading on Thursday, extending the previous session's decline. Reports that Saudi Arabia was arranging additional crude shipments via Oman helped reduce immediate concerns about supply disruptions. The Saudi East-West pipeline, which provides an alternative route for moving crude away from the Persian Gulf, was damaged in a drone attack launched from Iraq, according to reports. Saudi Arabia had shut the pipeline following the attack, raising concerns about further pressure on an already-tight global oil market. The US administration subsequently indicated that operations would resume, easing some of the supply-risk premium in crude prices. The gains in parts of Asia came after a heavy sell-off on Wall Street on Wednesday. The Dow Jones Industrial Average fell 631.21 points, or 1.21%, to 51,461.90, while the S&P 500 declined 0.45%. The Nasdaq Composite was broadly flat. The Federal Reserve raised its benchmark federal funds target range by 25 basis points to 3.75%-4%, marking its first rate increase since July 2023. The decision reflected the Fed's concern that inflation remains elevated despite resilient economic activity and labour-market conditions. Fed Chair Kevin Warsh said inflation was still too high and that monetary policy would remain focused on preventing higher energy prices from generating broader inflationary effects. The Fed's updated projections point to another rate increase in 2026. Sixteen of the 19 officials indicated support for at least one further hike this year, while the median projection put the policy rate at 4.1% at the end of 2026. The median forecast also showed the rate remaining at 4.1% in 2027. The central bank raised its inflation outlook, with the median forecast for headline PCE inflation at 3.7% for 2026, well above its 2% target. Core PCE inflation was projected at 3.4%. At the same time, the Fed raised its 2026 GDP growth forecast to 2.3%, while the median unemployment-rate projection was 4.1%. Domestic Market: The key equity benchmarks ended higher on Wednesday, snapping a two-session losing streak. Gains followed a pause in crude oil prices and a marginal easing in global bond yields. The Nifty 50 opened at 23,201.60 and initially came under pressure, hitting an intraday low of 23,116.10. The index recovered from the day's low as bargain hunting emerged after the previous session's sharp sell-off. It later touched an intraday high of 23,284.75 before settling above 23,200 level. However, gains remained capped as investors stayed cautious ahead of the US Federal Reserve's policy decision. FMCG and bank stocks advanced, while IT and pharma shares declined. The S&P BSE Sensex jumped 332.63 points, or 0.45%, to 74,336.45. The Nifty 50 index added 99 points, or 0.43%, to 23,217.60. The Sensex and Nifty had declined 1.20% and 1.53%, respectively, over the previous two trading sessions. First Published: Sep 17 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 17 2026 | 9:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RailTel Corporation of India announced that it has received an LoI worth Rs 63.15 crore from Prasar Bharati (Broadcasting Corporation of India), Director General, Doordarshan, for additional features/services on the existing WAVES OTT platform. RailTel Corporation of India was incorporated in 2000 to create a nationwide broadband, VPN, telecom, and multimedia network, modernizing the train control operations and safety systems of Indian Railways. It is a Navratna public sector undertaking (PSU) under the Government of India. RailTel's network currently passes through around 6,000 railway stations across the country, covering all major commercial centers. The companys standalone net profit marginally declined 0.48% to Rs 65.78 crore in Q1 FY27, compared with Rs 66.10 crore in Q1 FY26. Revenue from operations rose 20.09% to Rs 893.27 crore in Q1 FY27 from Rs 743.83 crore in the corresponding quarter last year. Shares of RailTel Corporation of India closed flat at Rs 252.55 on the BSE. First Published: Sep 17 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty may slip to 22,500; 3 technical stock ideas for today by Jatin Gedia Nifty has been consolidating around the 23,200 mark, which coincides with the lower end of the trading range of the previous four months. On the downside, the crucial support is at the 23,000 - 23,100 zone. A breach below this could lead to a continuation of the downtrend towards 22,600 - 22,500 zone, which coincides with the rising support trend line drawn from the 21,743, connecting the 22,182 swing low. The current downtrend could reverse if Nifty surpasses 23,600. A move beyond 23,600 could lead to a rally towards the 23,956 - 24,000 zone, which coincides with the 50 per cent Fibonacci retracement level of the entire decline from 24,774 to 23,100 Bank Nifty consolidated within the range of the previous trading session. The overall trend for Bank Nifty remains negative and could only reverse above 57,000. For the upcoming session, a break below 55,800 could lead to a decline towards 55,500 - 55,400 zone, while a breakout above 57000 could reverse the current downtrend. Stock Ideas Sell Crompton Sept Fut at ?224.50 SL - ?232 TGT - ?218 – ?215 Crompton has been in a downtrend. It has broken down from a symmetrical triangle pattern on the charts, suggesting resumption of the next leg of the decline. Negative crossover on the MACD suggests a Sell signal. Sell NAM-INDIA Sept Fut at ?1,125.50 SL - ?1,145 TGT – ?1,085 Stock has broken down from a bearish flag pattern on the daily charts, suggesting the resumption of the next leg of the decline. Negative crossover on the MACD suggests a sell signal Buy Aegis Logistics - ?1,381 SL - ?1,340 TGT – ?1,440 Stock was consolidating within a range for the past three sessions. It has broken out of that range on the upside suggesting resumption of the uptrend. Positive crossover on the momentum indicator suggests a buy signal. First Published: Sep 17 2026 | 8:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex may decline slightly at open post hawkish moves from the US Federal Reserve. Traders await the opening of NSE IPO subscription. First Published: Sep 17 2026 | 8:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Courier and express delivery firm Blue Dart Express announced the appointment of R S Subramanian as managing director. First Published: Sep 17 2026 | 8:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty 50's structure remains weak; PVR INOX among top picks: Ajit Mishra Market View Markets staged a recovery on Wednesday following the recent sharp sell-off, gaining nearly half a percent and providing some respite from the prevailing weakness. The rebound was supported by buying in select heavyweight stocks; however, gains remained volatile amid elevated crude prices, global uncertainty and caution ahead of the US Federal Reserve’s policy decision. The Nifty settled at 23,217.60, up 0.43 per cent, while the Sensex closed at 74,336.45, higher by around 0.45 per cent. Sectoral participation remained mixed, with FMCG, realty and banking emerging as the key gainers, while IT and pharma ended in negative territory. The broader market continued to underperform and settled largely flat, with mid-cap and small-cap indices witnessing pressure amid profit booking in momentum-driven counters. Investor sentiment remained cautious as Brent crude stayed elevated near $108 per barrel amid continuing tensions in the Middle East and concerns over possible disruptions to global energy supplies. The rupee remained under pressure near ?95.95 per dollar, while persistent FII selling continued to act as a key overhang. Markets are likely to react to the outcome of the US Fed meeting and its commentary in early trade on Thursday. Technically, the Nifty’s recovery above the 23,200 level provides some near-term relief; however, the broader structure remains weak. The index is likely to face immediate resistance around 23,400–23,600, while 23,000–23,100 remains the crucial support zone. A sustained move above 23,600 would be required to signal a meaningful improvement in momentum. Amid the prevailing uncertainties, we maintain a cautious stance and recommend continuing with a hedged approach and selective exposure. Stocks Recommendations PB Fintech Limited | LTP: ? 1,827.1 | Recommendation: Buy | Target: ?1,960| Stop-loss: ?1,760 POLICYBZR exhibits a bullish structure, supported by a decisive recovery from its support zone, coinciding with the 200WEMA. The stock has broken out of a triangular pattern, indicating continuation of the prevailing uptrend. It has also reclaimed and sustained above key moving averages, confirming improving trend strength and renewed buying interest. The recent retest and rebound from the neckline zone, accompanied by higher trading volumes, further validates the strengthening momentum andindicates healthy accumulation. Investors may consider accumulating the stock within the recommended buying range. PVR INOX Limited | LTP: ?1,254.6| Recommendation: Buy | Target: ?1,365| Stop-loss: ?1,200 The stock has staged a strong recovery from the ?950 odd level and sustained its up move, reclaiming its key long-term average, i.e. the 200-WEMA. Following a brief consolidation, the stock has formed a fresh buying pivot above its previous resistance zone, indicating renewed buying interest. We expect the stock to sustain its ongoing positive bias, supported by favourable price action and momentum indicators. One can look for momentum-led accumulation while adhering to the mentioned levels. UPL Limited | LTP: ?551.4| Recommendation: Sell Futures | Target: ?528| Stop-loss: ?563 UPL continues to trade under pressure, forming lower highs and lower lows. The stock has witnessed a breakdown from a broader descending triangular consolidation, signaling a potential continuation of the prevailing bearish trend. Further, the stock is trading below its key short- to long-term moving averages, reinforcing the weak technical structure. Given the current setup, one can consider going short through futures within the mentioned range. First Published: Sep 17 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Radico Khaitan among 3 stock ideas for today by Bonanza's Kunal Kamble Stocks to buy Tata Communications Ltd Tata Communications Limited has delivered a strong daily breakout above its moving average cluster, advancing to ?1,799.30 (+2.92 per cent). Backed by a sharp price push reclaiming the 20, 50, 100, and 200-day EMAs and an RSI strengthening toward 60 in bullish momentum territory, the chart setup confirms renewed buying interest targeting higher resistance zones. Buy Range: ?1,800-?1,810 Stop Loss: ?1,740 Target: ?1,925 PVR INOX Ltd INOX Limited has registered a daily trendline breakout above short-term desk resistance, advancing to ?1,254.60 (2.75 per cent). Backed by price sustaining comfortably above its key moving average cluster (20/50/100/200 EMA) and an RSI ticking upward past 57 in positive expansion mode, the chart structure indicates strong buying momentum aiming for higher resistance targets. Buy Range: ?1,255-?1,260 Stop Loss: ?1,205 Target: ?1,350 Radico Khaitan Ltd RadicoKhaitan Limited has shown a strong bullish reversal from key moving average support around the 50-day EMA, advancing to 4,466.00 (+2.43 per cent). Backed by a solid bounce off key trend support (4,345 EMA zone) and an RSI turning upward past 50 to confirm positive momentum, the chart setup signals renewed buying interest targeting upside recovery levels. Buy Range: ?4,465-?4,475 Stop Loss: ?4,300 Target: ?4,750 First Published: Sep 17 2026 | 7:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices rose to about four-month highs earlier this week after shipping industry sources said crude loadings at Saudi Arabia's Red Sea export hub of Yanbu had been suspended Oil prices fell in early trade on Thursday, extending the previous day's losses, as reports of Saudi Arabia offering extra crude cargoes through Oman reduced fears of supply disruptions in West Asia. Brent crude futures dropped $1.24, or 1.2 per cent, to $104.59 a barrel by 0049 GMT, while US West Texas ?Intermediate futures were down $1.14, or 1.1 per cent, at $101.29. Both contracts fell about $3 on Wednesday. "Concerns over supply tightness eased slightly following news that Saudi Arabia would ship cargo via Oman," said Hiroyuki Kikukawa, chief strategist of Nissan Securities Investment, a unit of Nissan Securities. "Expectations of progress toward easing tensions in West Asia ahead of US-China summit next week are also capping price gains," he added. Saudi Arabia is offering more loadings of crude oil to Asian refiners via ship-to-ship transfers off Oman's Sohar port, people familiar with the matter said, blunting some of the hit to global supply from attacks on the Saudi Arabia's East-West pipeline to ?the Red Sea. Oil prices rose to about four-month highs earlier this week after shipping industry sources said crude loadings at Saudi Arabia's Red Sea export hub of Yanbu had been suspended and Riyadh had cancelled some cargo deliveries to European customers. The suspension followed attacks on the East-West pipeline, which feeds the Saudi port of Yanbu. Yanbu became Saudi Arabia's main outlet for oil exports after Iran began blockading the Strait of Hormuz after the US and Israel attacked the country at the end of February. Prior to the war, Hormuz was the conduit for one-fifth of the ?world's oil supply. Two pumping stations serving the East-West pipeline were damaged in an attack last week, with a repair timeline unclear, according to assessments from three oil and security sources. Despite the ?oil price decline on Thursday, worries about the intensifying Middle East war remain. Saudi warplanes pounded Yemen and ?Houthi fighters launched drones and missiles at Saudi cities, the Iran-backed movement said on Wednesday, after a lightning advance that has extended Tehran's reach in the Middle East war. Meanwhile, the ?US Energy Information Administration on Wednesday reported a smaller-than-expected draw from US crude inventories last week. Crude oil stocks in the top-producing nation fell about 640,000 barrels last week, the EIA data ?showed, compared to expectations of a 1.62 million-barrel draw according to a Reuters poll of energy analysts. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 17 2026 | 7:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pricey affair! Is NSE’s valuation premium to global peers justified? First Published: Sep 17 2026 | 7:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NSE's much-awaited IPO opens today; should you apply? Check reviews, GMP First Published: Sep 17 2026 | 7:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Saif Khan, managing director and chief executive officer, BSH Home Appliances India This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 17 2026 | 12:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Sons This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Sons This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 16 2026 | 10:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 16 2026 | 10:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 16 2026 | 10:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 16 2026 | 9:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 16 2026 | 9:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 16 2026 | 9:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Data centre First Published: Sep 16 2026 | 8:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From India Ratings and Research First Published: Sep 16 2026 | 8:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 16 2026 | 8:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 16 2026 | 8:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 16 2026 | 8:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fortis Healthcare announced signing of definitive agreements with Seth Sunder Lal Jain Charitable Eye Hospital, a society registered under the Societies Registration Act, 1860 (Punjab Amendment) (SLJ Society) to provide healthcare services to a 400+ bedded super specialty hospital at Ashok Vihar, New Delhi. The hospital is expected to commence operations in 3-4 years, subject to necessary approvals. The agreements have been executed by FHL's wholly-owned subsidiary, Fortis Hospotel (FHTL). Under the Healthcare Services Agreement (HSA), FHTL has long term exclusive rights to provide specified inpatient healthcare services and specialized equipment such as Cath Lab, LINAC, PET-CT, Surgical Robot, etc. in consideration of an agreed service fee to be paid by SLJ Society. FHTL shall also bring-in necessary clinical manpower for provision of such healthcare services. The HSA has a committed term of 29 years, with an option to extend for further period on mutually agreed terms. The hospital will be owned, operated and managed by SLJ Society and Fortis will be providing the healthcare services to SLJ Society. The land, building and the associated civil and certain medical infrastructure will be owned and developed by the SLJ Society itself. For the purposes of construction, upgradation and operation of the Hospital, FHTL will also provide a loan to the Society in a phased manner over the next 3-4 years basis construction progress. The hospital will be developed by SLJ Society as a state-of-the-art facility on ~3.1 acres of land in Ashok Vihar, North-West Delhi. With a planned capacity of 400+ beds, which will be operationalized in phases, the hospital will be strategically located in one of Delhi's key populous districts with a dense catchment in surrounding areas as well. First Published: Sep 16 2026 | 8:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 16 2026 | 8:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With effect from 30 November 2026 First Published: Sep 16 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RIR Power Electronics has completed the erection and installation of state-of-the-art Silicon Carbide (SiC) Epitaxial Wafer Manufacturing Reactors at its SiC semiconductor facility in Bhubaneswar, Odisha. The development marks a significant milestone in the Company's plans to establish India's first vertically integrated SiC semiconductor production facility in Bhubaneswar, Odisha, strengthening its commitment to developing advanced semiconductor manufacturing capabilities in India. The facility is expected to commence commercial production upon completion of the remaining statutory and regulatory formalities. The key equipment required for the SiC epitaxial wafer manufacturing process has been installed, while essential power connections, utilities and other supporting infrastructure have been commissioned and are in place. The completion of these critical infrastructure elements represents an important step towards operationalising the facility. The facility will deliver India's first SiC Epitaxial wafers for domestic and global markets. The SiC Epitaxial Manufacturing Reactors and associated infrastructure form part of the Company's phased development of its Odisha semiconductor facility, supporting RIR Power Electronics' planned Rs 618 crore investment towards establishing a vertically integrated SiC semiconductor manufacturing ecosystem. The facility is being developed with the objective of manufacturing advanced SiC-based power semiconductor devices, including high-power MOSFETs, diodes and modules, catering to the growing requirements of strategic and high growth sectors. First Published: Sep 16 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Thomas Cook (India) has expanded its airport foreign exchange network with the opening of forex counters at Alluri Sitarama Raju International Airport, Bhogapuram, strengthening its presence in the Visakhapatnam market and the wider Andhra Pradesh region. The new counters will offer travellers convenient access to a range of foreign exchange services and currencies, supporting the growing international travel requirements of customers from Visakhapatnam and the surrounding markets. The expansion in Visakhapatnam is part of Thomas Cook India's broader strategy of strengthening its airport forex presence across key aviation gateways. In Delhi, the Company recently reopened its forex counters at Terminal 1 & 2 in June & July 2026. At Kempegowda International Airport, Bengaluru, the Company has opened multiple forex counters at both the Terminals earlier this year. First Published: Sep 16 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 16 September 2026 The board of Juniper Hotels at its meeting held today, 16 September 2026, has inter alia, approved the following: 1. Proposal for acquisition of the operating hotel, Novotel Imagicaa, located in Khopoli strategically in close proximity to Mumbai, Maharashtra, for an aggregate lump-sum purchase consideration of Rs. 248 crore. 2. Memorandum of Understanding (MoU), in relation to the aforesaid acquisition, to be entered between Juniper Hotels and Imagicaaworld Entertainment. First Published: Sep 16 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Life Insurance Corporation of India First Published: Sep 16 2026 | 7:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Life Insurance Corporation of India First Published: Sep 16 2026 | 7:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With the said allotment, the paid-up equity share capital of the Company shall stand increased from Rs. 161,66,38,750 (16,16,63,875 shares of Rs. 10 each) to Rs. 161,80,78,750 (16,18,07,875 shares of Rs. 10 each). First Published: Sep 16 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee stayed weak for the seventh consecutive session, declining 7 paise to 95.95 (provisional) against the US dollar on Wednesday, tracking a strong greenback overseas and foreign fund outflows. Rupee's slide was capped by positive domestic equity markets, even as crude oil prices remained elevated amid escalating US-Iran conflict. Local shares ended the session modestly higher as oil prices pulled back from recent highs and investors braced for a closely watched Federal Reserve rate decision later in the day. The U.S. dollar pulled back from near multi-week highs, yields on U.S. Treasuries held steady and oil prices edged lower, helping underpin investor sentiment. Oil prices fell nearly 1 percent today after industry data showed an unexpected build in U.S. crude inventories and reports emerged that Saudi Arabia is offering more crude oil to Asian refiners through ship-to-ship transfer off Oman's Sohar port, helping ease concerns about the scale of Middle East supply disruptions. At the interbank foreign exchange market, the rupee opened at 95.89 and moved in the range of 95.85 to 95.98 against the greenback. The unit finally settled 7 paise lower at 95.95 (provisional) against the American currency. First Published: Sep 16 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Alkem Laboratories announced the launch of NeuCeno (cenobamate), anti-seizure medication (ASM) for the treatment of partial-onset seizures in adult patients. Cenobamate, being launched for the first time in India, represents a significant advancement in the management of epilepsy. NeuCeno is a once daily oral therapy, and is available in 12.5 mg, 25 mg, 50 mg, 100 mg, 150 mg and 200 mg tablets. Epilepsy is a significant healthcare burden in India, with an estimated 9.4 million people living with the condition. Despite the availability of multiple anti-seizure medications, a significant proportion of patients continue to experience uncontrolled seizures, substantially affecting their independence, daily functioning and overall quality of life. NeuCeno (cenobamate) acts through a unique dual mechanism of action, selectively inhibiting the persistent sodium current that drives repetitive neuronal firing, while enhancing the brain's natural inhibitory signaling via positive modulation of GABA-A receptors. In randomized clinical studies of adults with uncontrolled focal seizures on existing anti-seizure medications, adjunctive cenobamate produced up to 78% reduction in seizure frequency, with up to 30% patients achieving seizure freedom during the maintenance phase. First Published: Sep 16 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 12.26 crore shares as against 8.86 crore shares on offer. The issue opened for bidding on 16 September 2026 and will close on 18 September 2026. The price band of the IPO is fixed between Rs 79 and 84 per share. An investor can bid for a minimum of 178 equity shares and multiples thereof. The IPO comprises a fresh issue of equity shares worth up to Rs 600 crore and an offer aggregating up to Rs 400 crore by O P Munjal Holdings and Hero Cycle. As of July 31, 2026, Hero Motors had total outstanding borrowings of Rs 289.54 crore. The company proposes to use Rs 190 crore from the fresh issue towards repayment/prepayment of certain outstanding borrowings, which should help reduce its debt burden. Another Rs 200 crore will be utilized for capital expenditure, primarily towards purchasing equipment required for capacity expansion at its Gautam Buddha Nagar, Uttar Pradesh, facility. The capex is expected to be deployed in phases through FY29. The remaining proceeds will be used to fund inorganic growth initiatives and for general corporate purposes. The company is also setting up two additional manufacturing facilities in Ludhiana, Punjab and Bengaluru, Karnataka. Their post-IPO shareholding is expected to be around 61.63%. Hero Motors is an India-based automotive technology company engaged in designing, developing, manufacturing and supplying engineered powertrain solutions to automotive OEMs across India, Europe, the US and ASEAN markets. The company offers powertrain systems for electric and non-electric applications across two-wheelers, e-bikes, performance vehicles, off-road vehicles, electric and hybrid cars and heavy-duty vehicles. It operates across Powertrain Solutions and Alloys & Metallics segments and had six manufacturing facilities across India, the UK and Thailand as of March 31, 2026. In FY26, powertrain solutions contributed 53.67% of revenue, while Alloys & Metallics contributed 46.33%. The company caters to global customers, including BMW, Ducati, Enviolo, Formula Motorsport, Hummingbird EV and HWA. Ahead of the IPO, Hero Motors on Tuesday, 15 August 2026, raised Rs 244.98 crore from anchor investors. The board allotted 2.91 crore shares at Rs 84 each to 16 anchor investors. The firm reported a consolidated net profit of Rs 41.17 crore and sales of Rs 1,188.35 crore for the twelve months ended on 31 March 2026. First Published: Sep 16 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Handpickd founder and chief executive officer, Anant Goel This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 7.07 crore shares as against 93.99 lakh shares on offer. The issue opened for bidding on 16 September 2026 and will close on 18 September 2026. The price band of the IPO is fixed between Rs 88 and 93 per share. An investor can bid for a minimum of 161 equity shares and multiples thereof. The offer comprises fresh issue of 1,07,41,149 equity shares of Rs 10 each and an offer for sale of 26,86,851 equity shares by VVJ Enterprises, a promoter group company. Of the net proceeds from fresh issue, the company intends to use Rs 71 crore towards prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the company; and balance towards general corporate purposes. Ahead of the IPO, Jindal Supreme on Tuesday, 15 September 2026, raised Rs 37.46 crore from anchor investors. The board allotted 40.28 lakh shares at Rs 93 each to 5 anchor investors. Jindal Supreme (India), founded by Late Madan Lal Jindal in 1974, is engaged in the manufacturing and supply of a different range of steel pipes and tubes catering to the requirements of multiple infrastructure and industrial applications. The product portfolio of the company includes mild steel (MS) black pipes, tubes, galvanized pipes, metal beam crash barriers, and galvanized iron (GI) tubular poles of various dimensions. Products find application in various industry segments like water supply and plumbing, infrastructure &construction, road &highways, bridges, oil &gas, chemicals, agriculture, rural electrification and others. The business model of the company is primarily focused on direct sales, primarily to institutional buyers for specific projects or applications like infrastructure contractors, and industrial customers. In FY26, the contribution of income from sale of products to the revenue from operations was 91.56% [42.94% fromMS black pipes/tubes; 26.54% fromMS galvanized pipes; 17.41% from metal beam crash barriers; and 4.66% from GI tubular poles] and the balance 8.36% from other operating income including sales of scrap and strip and zinc dross. The firm reported a consolidated net profit of Rs 8.28 crore and sales of Rs 190.94 crore for the twelve months ended on 31 March 2026. First Published: Sep 16 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Starting early and investing consistently can help young professionals build long-term financial security and greater freedom over their life and career choices. First Published: Sep 16 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The key equity benchmarks ended higher on Wednesday, snapping a two-session losing streak. Gains followed a pause in crude oil prices and a marginal easing in global bond yields. The Nifty 50 opened at 23,201.60 and initially came under pressure, hitting an intraday low of 23,116.10. The index recovered from the day's low as bargain hunting emerged after the previous session's sharp sell-off. It later touched an intraday high of 23,284.75 before settling above 23,200 level. However, gains remained capped as investors stayed cautious ahead of the US Federal Reserve's policy decision later today. FMCG and bank stocks advanced, while IT and pharma shares declined. The S&P BSE Sensex jumped 332.63 points, or 0.45%, to 74,336.45. The Nifty 50 index added 99 points, or 0.43%, to 23,217.60. The Sensex and Nifty had declined 1.20% and 1.53%, respectively, over the previous two trading sessions. State Bank of India (up 2.42%), HDFC Bank (up 0.69%) and ICICI Bank (up 0.62%) supported the Nifty today. In the broader market, the BSE 150 MidCap Index rose 0.07% and the BSE 250 SmallCap Index shed 0.13%. The market breadth was negative. On the BSE, 1,979 shares rose and 2,351 shares fell. A total of 257 shares were unchanged. Economy: The Union Cabinet on 16 September 2026 approved raising the wage ceiling for mandatory Employees' Provident Fund Organisation (EPFO) coverage to Rs 25,000 per month from Rs 15,000. The revised ceiling will take effect from 17 September 2026 and is expected to bring an estimated 51 lakh additional employees under the social security net, Union Minister Ashwini Vaishnaw said after the Cabinet meeting. Numbers to Track: The United States 10-year bond yield shed 0.08% to 4.992. In the commodities market, Brent crude for the November 2026 settlement fell $1.24 or 1.14% to $107.51 a barrel. The yield on India's 10-year benchmark federal paper fell 0.23% to 7.057 compared with the previous session close of 7.073. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.9300 compared with its close of 95.8800 during the previous trading session. MCX Gold futures for 5 October 2026 settlement rose 1% to Rs 1,52,323. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.04% to 99.68. Global Markets: European equities advanced on Wednesday, stabilizing after a severe sell-off pushed continental bourses to multi-month lows. UK consumer price inflation accelerated to 3.1% in August compared with 2.9% inflation in July, marking the first reading above 3% since March, driven largely by a sharp increase in motor fuel prices. The inflation data comes ahead of the Bank of Englands monetary policy decision scheduled for Thursday, with investors assessing the implications for the central banks interest-rate outlook. Most Asian equity benchmarks ended higher on Wednesday, supported by regional gains ahead of the US Federal Reserve's monetary policy announcement. The upward movement occurred alongside elevated crude oil prices and higher US Treasury yields. In Japan, trade deficit widened significantly to JPY 1,105.6 billion in August 2026 from JPY 294.1 billion a year earlier. It marked the fourth consecutive month of deficit and the largest since January, as imports grew faster than exports. Imports surged 28.0% year-on-year to JPY 11,153.9 billion, following a 27.9% rise in July, marking the strongest growth since November 2022. Exports rose 19.3% to JPY 10,048.4 billion. US indices declined on Tuesday, driven by positioning ahead of the Federal Reserve meeting and rising bond yields. The Dow Jones Industrial Average fell 328.09 points, or 0.63%, to 52,093.11; the S&P 500 declined 0.45% to 7,585.73; and the Nasdaq Composite dropped 0.78% to 25,981.57. Certain technology shares recorded advances, with Qualcomm gaining over 4%, and Advanced Micro Devices and Coherent each rising approximately 2%. The Federal Reserve is scheduled to release its interest rate decision on Wednesday. Market pricing reflects expectations of a 25-basis-point increase from the existing target range of 3.5% to 3.75%. Market attention is focused on the policy statement and accompanying commentary regarding inflation, economic conditions, and projected interest rate adjustments. New Listings: Shares of Kanohar Electricals ended at Rs 751.30 on the BSE, representing a premium of 18.88% compared with the issue price of Rs 632. The stock debuted at Rs 672.05 on the BSE, a premium of 6.34% over its issue price. The stock has hit a high of Rs 786.95 and a low of Rs 672.05. On the BSE, over 23.80 lakh shares of the company were traded in the counter. Shares of Glass Wall Systems (India) ended at Rs 215.35 on the BSE, representing a premium of 18.32% compared with the issue price of Rs 182. The stock debuted at Rs 190.10 on the BSE, a premium of 4.45% over its issue price. The stock has hit a high of Rs 228.10 and a low of Rs 185.05. On the BSE, over 45.11 lakh shares of the company were traded in the counter. Shares of Prasol Chemicals ended at Rs 672.05 on the BSE, representing a discount of 0.58% compared with the issue price of Rs 676. The stock debuted at Rs 611 on the BSE, a discount of 9.62% over its issue price. The stock has hit a high of Rs 672.05 and a low of Rs 600.50. On the BSE, over 3.50 lakh shares of the company were traded in the counter. Stocks in Spotlight: Godavari Biorefineries surged 5.21% after China's patent office granted the company a patent for compounds used to treat viral infections. The patent covers compounds that inhibit V-ATPase activity in cells and their use in medicines for treating viral infections. The patent was granted on 15 September 2026, following an application filed on 10 May 2021. Allied Blenders and Distillers advanced 2.52%. The company said that it has been granted a licence for manufacture of malt spirits for potable purpose by the Commissioner of Prohibition and Excise, Telangana, Hyderabad. Equitas Small Finance Bank rose 2.66% after the bank said that its board has approved a proposal to raise funds aggregating to Rs 500 crore through the issuance of non-convertible debentures. Alkem Laboratories rose 0.27%. The company has announced the launch of NeuCeno (cenobamate), anti-seizure medication (ASM) for the treatment of partial-onset seizures in adult patients. Praj Industries fell 1.26%. The company said that it signed a development & commercialization agreement for bio-isobutanol (Bio-IBA) technology in India. Under the agreement, Praj will lead the commercialization of Bio-IBA technology in India, with exclusive rights to deploy the technology in the country. R R Kabel rose 0.71% after commencing commercial production at its new Unit 3 manufacturing facility in Silvassa on 15 September 2026. The facility will manufacture wires and cables and has a planned capacity of 18,000 MT per annum, with 12,000 MT per annum currently operational. The remaining capacity is expected to become operational by December 2026. BMW Ventures shed 1.18%. The company secured two purchase orders worth Rs 72.94 crore from Tata Projects. The orders cover the supply of TMT steel of FE-550D grade for the 3X800MW USCTPP-ADANI Project. The order value includes all taxes. IPO Update: Hero Motors received bids for 12,26,40,042 shares as against 8,86,07,596 shares on offer, according to stock exchange data at 17:00 IST on 16 September 2026. The issue was subscribed 1.38 times. The issue opened for bidding on 16 September 2026 and will close on 18 September 2026. The price band of the IPO is fixed between Rs 130 and 140 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. Manika Plastech received bids for 60,14,82,852 shares as against 2,13,86,919 shares on offer, according to stock exchange data at 17:00 IST on 16 September 2026. The issue was subscribed 28.12 times. The issue opened for bidding on 11 September 2026 and will close on 16 September 2026. The price band of the IPO is fixed between Rs 40 and 43 per share. An investor can bid for a minimum of 348 equity shares and multiples thereof. Jindal Supreme (India) received bids for 7,07,73,346 shares as against 93,99,600 shares on offer, according to stock exchange data at 17:00 IST on 16 September 2026. The issue was subscribed 7.53 times. The issue opened for bidding on 16 September 2026 and will close on 18 September 2026. The price band of the IPO is fixed between Rs 130 and 140 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. SS Retail received bids for 1,26,74,480 shares as against 87,93,884 shares on offer, according to stock exchange data at 17:00 IST on 16 September 2026. The issue was subscribed 1.44 times. The issue opened for bidding on 16 September 2026 and will close on 18 September 2026. The price band of the IPO is fixed between Rs 130 and 140 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. First Published: Sep 16 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 16 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 1.26 crore shares as against 87.93 lakh shares on offer. The issue opened for bidding on 16 September 2026 and will close on 18 September 2026. The price band of the IPO is fixed between Rs 403 and 424 per share. An investor can bid for a minimum of 35 equity shares and multiples thereof. The offer consists of both a fresh issue and an offer for sale component (OFS). The fresh issue will include 84,90,566 shares, aggregating up to Rs 360.0crore at the upper price band of Rs 424. OFS includes 33,09,693 shares of Rs 10, aggregating up to Rs 140.0 crore at upper price band of Rs 424. The funds of Rs 14.53 crore will be used towards the capital expenditure for setting up of new stores in Fiscal 2027 and Fiscal 2028.The company intends to open 120 new stores each in FY2027 and FY2028 of which the company has opened 33 new stores during April 1, 2026, to July 31,2026. Rs 241.35 crore towards part funding of the incremental working capital requirements and the balance to be used for general corporate purposes. Ahead of the IPO, SS Retail on Tuesday, 15 September 2026, raised Rs 146.39 crore from anchor investors. The board allotted 34.52 crore shares at Rs 424 each to 22 anchor investors. SS Retail is a multi-brand retail chain for mobile phones, accessories and other electronic items, with operations across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat. The company also operates 5 smartphone cafes which are exclusive brand outlets (EBOs) in Maharashtra, 2 of which are located in Kolhapur, 2 in Pune and 1 in Sangli, for retailing mobile phones of a reputed brand. The company operates under its proprietary brands SS Mobile, Mobile Exchange Wala and The Mobile Space through a combination of company-owned and franchisee-operated store formats. Its product portfolio includes mobile phones, pre-owned smartphones, accessories, televisions, laptops and tablets, along with ancillary services such as mobile protection plans, EMI facilities, anti-theft software and mobile recharge services. The firm reported a consolidated net profit of Rs 59.28 crore and sales of Rs 2,351.03 crore for the twelve months ended on 31 March 2026. First Published: Sep 16 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jindal Supreme IPO: Brokerages largely bullish, see strong growth trend First Published: Sep 16 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Glass Wall Systems (India) were currently trading at Rs 204.70 at 10:15 IST on the BSE, representing a premium of 12.47% as compared with the issue price of Rs 182. So far, the stock has hit a high of Rs 204.90 and a low of Rs 185.05. On the BSE, over 13.21 lakh shares of the company were traded in the counter so far. The initial public offer of Glass Wall Systems (India) was subscribed 81.65 times. The issue opened for bidding on 8 September 2026 and closed on 10 September 2026. The price band of the IPO is fixed between Rs 172 and 182 per share. The offer comprised a fresh issue of equity shares of Rs 2 each, aggregating to Rs 60 crore, and an offer for sale of 20,213,722 equity shares. The offer for sale component consisted of 14,943,048 equity shares sold by India Business Excellence Fund IIA, an investor selling shareholder, and the balance 5,270,674 equity shares sold by the promoters. Of the net proceeds from the fresh issue, the company intended to use Rs 50 crore to fund capital expenditure requirements for setting up a GPU project as part of its planned backward integration at its Vile Bhagad facility, with the balance proposed to be utilised towards general corporate purposes. Glass Wall Systems (India) was a fade and fenestration solutions provider catering to real estate developers, hospitals, airport authorities, contractors and corporate clients in India, as well as customers in the USA and Australia. The company offered customised fade, curtain wall, skylight, canopy, rain screen cladding, aluminium doors and windows, and other architectural solutions across three verticalsdomestic fade solutions, international fade products supply and fenestration solutions. It had completed 158 projects and had an order book of Rs 981.55 crore as of March 31, 2026. The company operated a manufacturing facility at Vile Bhagad, Maharashtra, with a capacity of 130 panels per day, and was setting up an in-house glass processing unit to support backward integration. Ahead of the IPO, Glass Wall Systems (India) on Monday, 8 August 2026, raised Rs 128.36 crore from anchor investors. The board allotted 70.35 lakh shares at Rs 182 each to 15 anchor investors. The firm reported a consolidated net profit of Rs 83.79 crore and sales of Rs 456.97 crore for the twelve months ended on 31 March 2026. First Published: Sep 16 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 16 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To build this portfolio, you must completely ignore individual stocks, sector funds and small-cap funds. (Illustration: Binay Sinha) First Published: Sep 16 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Kanohar Electricals were currently trading at Rs 702.65 at 10:05 IST on the BSE, representing a premium of 15.29% as compared with the issue price of Rs 632. The stock debuted at Rs 672.05 on the BSE, a premium of 6.34% over its issue price. So far, the stock has hit a high of Rs 783.95 and a low of Rs 672.05. On the BSE, over 7.45 lakh shares of the company were traded in the counter so far. Kanohar Electricals was subscribed 90.59 times. The issue opened for bidding on 8 September 2026 and closed on 10 September 2026. The price band of the IPO is fixed between Rs 601 and 632 per share. The offer comprised a fresh issue of equity shares of Rs 2 each, aggregating to Rs 300 crore, and an offer for sale of 11,957,915 equity shares. The offer for sale component consisted entirely of shares sold by K Sons Family Trust, a promoter selling shareholder. The company proposed to utilise Rs 64.18 crore from the net proceeds of the fresh issue towards capital expenditure requirements, including the purchase of plant and machinery for its Gangol plant to increase transformer manufacturing capacity, expand and automate backward integration facilities, and enhance operational efficiency. The funds were also proposed to be used for the construction of an office building at the Gangol plant and for sustainability initiatives, including setting up solar power plants at its facilities and purchasing electric vehicles for handling and movement activities at the Gangol plant. Further, the company intended to utilise Rs 155 crore towards funding incremental working capital requirements, while the balance of the net proceeds was proposed to be utilised for general corporate purposes. Ahead of the IPO, Kanohar Electricals on Monday, 7 September 2026, raised Rs 316.72 crore from anchor investors. The board allotted 50.11 lakh shares at Rs 632 each to 42 anchor investors. Kanohar Electricals, promoted by Dinesh Singhal, a technocrat, is one of leading domestic manufacturer of transformers in the country catering to high growth industries such as power transmission, railways, renewable energy, and power distribution. Apart from manufacturing transformers, the company is also undertaking EPC projects in power T&D sector. Across its transformer manufacturing business and EPC business, it have successfully executed orders domestically in the states of Punjab, Rajasthan, Gujarat, Assam, Himachal Pradesh, Bihar, Maharashtra, Madhya Pradesh, Jharkhand, Karnataka, and overseas in Taiwan. The transformer manufacturing business accounted for the majority of the companys revenue from operations in FY26, contributing 83.43%, while the EPC business accounted for 16.44% and distribution transformers business contributed the remaining 0.13%. Of the FY26 revenue from operations, approximately 85.37% was generated from tenders awarded by government entities, comprising 46.92% from central government entities and 38.45% from state government entities. As of 31 March 2026, the company had an order book of Rs 1,818.32 crore, with the transformer manufacturing business accounting for 89.19% of the total order book and the EPC business contributing the remaining 10.81%. The firm reported a consolidated net profit of Rs 129.73 crore and sales of Rs 653.84 crore for the three months ended on 31 March 2026. First Published: Sep 16 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For development and commercialization of Bio-Isobutanol (Bio-IBA) technology in India Praj Industries and Gevo Inc. (NASDAQ: Gevo) announced the signing of a Development & Commercialization Agreement for Bio-Isobutanol (Bio-IBA) technology in India, reinforcing their long-standing association to advance sustainable low-carbon fuel solutions. Under the agreement, Praj will lead the commercialization of Bio-IBA technology in India, with exclusive rights to deploy the technology in the country. The partnership will focus on developing commercial opportunities for Bio-IBA, with primary emphasis on diesel blending applications that have the potential to reduce the carbon intensity of one of the world's most widely used transportation and industrial fuels. The agreement builds upon more than a decade of association between the two companies to adapt, develop and advance Bio-IBA technology for Indian feedstocks and market requirements. Praj's deep understanding of India's sugar- and starch-based feedstocks, its expertise in engineering, project execution, scale-up and market development, combined with Gevo's Bio-IBA technology, will support its scale-up and commercial adoption in India. In a separate development aligned with the broader objective of advancing Bio-IBA adoption, Praj is currently establishing India's first commercial Bio-IBA demonstration plant for a leading Oil Marketing Company (OMC). The project is being designed, engineered, supplied and erected by Praj based on Gevo's licensed Bio-IBA technology. The demonstration plant is expected to play an important role in validating production, supply chain and market-development pathways for future commercialization opportunities in India. Bio-IBA presents a promising opportunity for reducing the carbon footprint of diesel across a wide range of applications, including transportation, agriculture, mining, construction and industrial operations. Given India's large diesel economy and abundant renewable feedstock resources, Bio-IBA has the potential to become an important component in the country's transition towards lower-carbon fuels. First Published: Sep 16 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kanohar Electricals shares make positive debut, list at nearly 9% premium First Published: Sep 16 2026 | 10:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On BSE, Glass Wall Systems shares debuted at 4.45 per cent over the offer price at ?190.10 apiece. First Published: Sep 16 2026 | 10:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GMR Airports handled around 9.4 million passengers in August 2026, marking a 0.9% year-on-year (YoY) increase in passenger traffic. Domestic passenger traffic rose 1.1% YoY to 7.1 million, while international passenger traffic increased 0.5% YoY to 2.4 million. Delhi Airport handled around 6.1 million passengers in August 2026, up 2.7% YoY, while Hyderabad Airport handled around 2.2 million passengers, down 11.5% YoY. GMR Airports is mainly engaged in the development, maintenance, and operation of airports; generation of power; coal mining and exploration activities; development of highways; and development, maintenance, and operation of special economic zones. The companys consolidated net profit tumbled 144.06% to Rs 91.04 crore despite a 23.76% jump in net sales to Rs 3966.88 crore in Q1 FY27 over Q1 FY26. Shares of GMR Airports shed 0.23% to Rs 92.79 on the BSE. First Published: Sep 16 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sterlite Technologies Ltd has added 26.13% over last one month compared to 0.66% fall in BSE Telecommunication index and 4.48% drop in the SENSEX Sterlite Technologies Ltd lost 4.99% today to trade at Rs 812.25. The BSE Telecommunication index is down 0.95% to quote at 3636.56. The index is down 0.66 % over last one month. Among the other constituents of the index, HFCL Ltd decreased 4.06% and Optiemus Infracom Ltd lost 1.98% on the day. The BSE Telecommunication index went up 24.72 % over last one year compared to the 9.87% fall in benchmark SENSEX. Sterlite Technologies Ltd has added 26.13% over last one month compared to 0.66% fall in BSE Telecommunication index and 4.48% drop in the SENSEX. On the BSE, 3349 shares were traded in the counter so far compared with average daily volumes of 2.23 lakh shares in the past one month. The stock hit a record high of Rs 910 on 15 Sep 2026. The stock hit a 52-week low of Rs 84.65 on 27 Jan 2026. First Published: Sep 16 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks made tentative gains at the start of the Asian trading session on Wednesday as a rise in global bond yields and oil prices paused ahead of the Federal Reserve's policy decision due later in the day. MSCI's broadest index of Asia-Pacific ?shares outside Japan fluctuated between gains and losses after declining for four consecutive sessions and was last up 0.2%, led by a 0.8% gain in Korean shares. S&P 500 e-mini futures nudged 0.1% higher. Overnight on Wall Street, the S&P 500 slumped 0.5%, marking its second consecutive day of declines as the yield on the 10-year Treasury bond hit its highest level since 2007. "US equity markets closed lower overnight as rising Treasury yields, another jump in crude and the polarised debate around pacing AI development left the market in a cautious mood," said Tony ?Sycamore, market analyst at IG in Sydney. The yield on the US 10-year Treasury bond was 0.8 basis point lower at 4.9875% in Asian trade after breaching the 5% mark on Tuesday for the first time in three years, ahead of a rate decision from the Federal Reserve and a media conference by Fed Chair Kevin Warsh. Traders believe that a hike from the Federal Reserve is almost assured, pricing an implied 92.4% probability of a 25-basis-point hike when it announces its policy decision, according to the CME Group's ?FedWatch tool, compared to a 59.4% chance a week ago. The US dollar index, which measures the greenback's strength against a basket of six currencies, was trading near ?a two-week high at 99.656. Oil prices slipped as trading resumed in Asia, with Brent crude ?futures down 0.6% at $108.08 a barrel after rising 2.9% on Tuesday after shipping industry sources said crude loadings at Saudi Arabia's Red Sea export hub of Yanbu ?had been suspended and Riyadh had cancelled some cargo deliveries to European customers. Digital assets extended losses after the US Senate on Tuesday voted against advancing comprehensive cryptocurrency legislation backed ?by President Donald Trump. Bitcoin slid 0.1% to $75,816.24, while ether slipped 0.2% to $2,403.27. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 16 2026 | 8:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US crude oil, gasoline and distillate inventories all rose last week, market sources said on Tuesday, citing data from the American Petroleum Institute Oil prices fell on Wednesday after an unexpected build in US crude inventories, while investors assessed supply risks after Saudi Arabia suspended oil loadings at its Yanbu port following an attack on its East-West pipeline to the Red Sea. Brent crude futures fell 93 ?cents, or 0.86%, to $107.82 a barrel at 0028 GMT, while US West Texas Intermediate futures were down 97 cents, or 0.92%, at $104.86 a barrel. Both benchmarks settled more than $3 higher and at their highest levels since May 19 on Tuesday, as the Yanbu loading suspension stoked supply concerns and Saudi Arabia cut oil shipments to Europe US crude oil, gasoline and distillate inventories all rose last week, market sources said on Tuesday, citing data from the American Petroleum Institute. Crude inventories rose by 7.1 million barrels in the week ended September 11, the sources said, citing API data. That compared with analysts' expectations for a ?draw of about 1.6 million barrels, according to a Reuters poll. API's data showed unexpected builds in gasoline and diesel inventories have weighed on prices, but regional stock increases do not change the underlying tightness in the global crude market, Haitong Futures said in a note. Sources said on Tuesday that oil loadings at Saudi Arabia's Yanbu port had been suspended after the world's biggest crude exporter shut its East-West pipeline following an attack by Yemen's Iran-aligned Houthis on Friday. Saudi Arabia has used the pipeline to reroute around 4 million barrels per day, or about 4% ?of global supply, to the Red Sea port. The US energy secretary said crude should resume flowing through Saudi Arabia's vital East-West pipeline within days. However, sources who spoke to Reuters gave ?varying estimates of how long the pipeline could remain offline. One said repairs could take five to ?six weeks, while another said the pipeline could resume partial pumping sooner as repairs continue. In Libya, unrelated to the Iran conflict, the National Oil Corporation (NOC) said operations at three ?oil fields were suspended after protesting members of the Petroleum Facilities Guard shut a valve on the Hamada-Zawiya crude export pipeline. However, Libya's oil production has not been significantly affected by the ?shutdowns and remains at about 1.4 million barrels per day, NOC Chairman Massoud Suleman told Reuters. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 16 2026 | 8:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Investment among 3 stock ideas for today by Geojit's Anand James Gujarat Pipavav Port View: Buy Target: ?180 SL: ?153 GPPL appears to be in the early stages of a fresh uptrend after forming a durable base near ?148 in late March following a sharp correction during the first quarter of the year. The initial recovery peaked in April, after which the stock entered a prolonged consolidation phase. This consolidation gradually evolved into a descending triangle, with repeated support emerging near the ?148 zone. A strong bounce from this level eventually led to a breakout above the triangle's falling trendline, signaling a positive shift in sentiment. Following the breakout, the stock has formed a bullish flag pattern, indicating that the recent pullback is likely a pause within a larger upmove rather than a reversal. The ongoing consolidation provides an opportunity to participate in the first corrective phase after the breakout. If the flag pattern resolves higher, the stock has the potential to move towards 180 over the next few weeks. As long as GPPL sustains above ?153, the bullish structure remains intact. A breach below this level could weaken the setup and expose lower supports, while holding above it keeps the medium-term recovery trend firmly Aegis Vopak Terminals View: Buy Target: ?330 SL: ?288 Aegis Vopak Terminals is approaching a decisive breakout from a Cup and Handle formation, a bullish continuation pattern that often precedes further upside. Since July, the stock has been moving within a parallel trading range, forming the handle portion of the pattern after a strong recovery from lower levels. The recent move towards the upper boundary of this range indicates renewed buying interest. The Point & Figure chart is on the verge of a fresh bullish breakout near the ?300-305 zone. The formation of successive columns of Xs following a consolidation phase indicates strengthening demand and suggests the broader uptrend remains intact. The setup is supported by a multi-week volume breakout, highlighting strong participation and lending credibility to the emerging bullish structure. Adding to the positive outlook, the stock is trading comfortably above its 20-DMA, 50-DMA and 100-DMA, reflecting strength across short- and medium-term timeframes. Momentum remains constructive as price continues to hold above key support levels. A successful breakout above the current consolidation zone could trigger a fresh leg of the uptrend and pave the way for a move towards ?330 over the next few weeks. As long as the stock sustains above ?288, the bullish structure remains intact. Tata Investment Corporation View: Buy Target: ?780 SL: ?690 Tata Investment Corporation has broken out of a broad trading range that had capped price action since May, signalling the start of a fresh upward move. The breakout is backed by a sharp rise in volumes, marking the strongest participation seen in several months and adding conviction to the move. The stock has also reclaimed key moving averages, including the 200-DMA, reflecting a meaningful improvement in trend strength. The Point & Figure chart has witnessed a bullish breakout from a prolonged congestion zone around ?700-715, indicating fresh demand and a potential trend reversal. The formation of a new column of Xs above resistance suggests strengthening momentum and supports further upside. Momentum indicators remain supportive. The stock has registered a daily Supertrend breakout, while the weekly MACD has delivered a bullish crossover, pointing to strengthening momentum across multiple timeframes. The breakout from the consolidation zone suggests renewed buying interest after months of range-bound trading. As long as the stock sustains above ?690, the positive structure remains intact. Traders may consider accumulating the stock for a move towards ?780 over the next few weeks. First Published: Sep 16 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The companys consolidated net profit declined 95.49% to Rs 5.51 crore on a 44.20% fall in revenue from operations of Rs 511.01 crore in Q1 FY27 over Q1 FY26. Shares of Saatvik Green Energy fell 1.68% to close at Rs 389.65 on the BSE. First Published: Sep 16 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 16 2026 | 7:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 16 2026 | 7:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty breaches 23,172 support; Acme Solar among 2 stock ideas: Vinay Rajani First Published: Sep 16 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty support slips to 22,950; Kalyan Jewellers, DLF on analyst radar First Published: Sep 16 2026 | 7:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 16 2026 | 12:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 11:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 11:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RBI, Tata Sons, listing, Bombay High Court This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Candice D’Cruz, Vice president — luxury brands in Asia Pacific, Hilton This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To evaluate integration of advanced turboprop engines for DRDO's HALE UAV programme Bharat Forge and Pratt & Whitney Canada today announced that they will work together to evaluate the integration of advanced turboprop engines into a high-altitude, long-endurance (HALE) unmanned aerial vehicle (UAV) program designed and developed by India's Defence Research and Development Organisation (DRDO). Pratt & Whitney is an RTX business. The collaboration supports India's indigenous unmanned aerial systems efforts under the government's Aatmanirbhar Bharat initiative. Pratt & Whitney Canada will evaluate engine compatibility, performance and installation requirements. Bharat Forge will lead engine-airframe integration, including installation design and systems interfaces, drawing on its advanced engineering, manufacturing and aerospace systems capabilities. First Published: Sep 15 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 7:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 7:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 7:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Spanning over 42 acres, the Gati Shakti Cargo Terminal (WCGD) is designed as a state-of-the-art multimodal logistics platform capable of handling cargo movement via both road and rail, using Container Rake and Wagon Rake systems. With today's flag off, the terminal moves from operational readiness to full commercial activation. The terminal is strategically positioned to serve some of Gujarat's most vital industrial clusters. It is expected to significantly benefit the salt industry of the Maliya belt, one of the country's leading salt producing regions, as well as the ceramics industry of Morbi, which produces around 5 million tonnes of ceramic products annually and caters to more than 80% of India's domestic demand. The facility is also set to support the logistics needs of the chemicals, agriculture, fertiliser, and MSME sectors operating in the region. Specially, the Gujarat flag off comes only days after WCIL inaugurated its General Cargo Terminal (GCT) at the GCD Yard of the Kolkata Dock System under the Syama Prasad Mookerjee Port Authority (SMPA) on Friday, 11th September 2026, marking the Company's first operational base on India's east coast. Developed and operated by WCIL under a 15-year agreement with SMPA, the Kolkata facility is designed to handle dry bulk, break-bulk and all container categories, with Phase I fully operational from launch. Together, the Kolkata and Morbi terminals strengthen WCIL's rail-linked presence across the country's critical East-West freight corridor. First Published: Sep 15 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Former NSE MD and CEO Chitra Ramkrishna First Published: Sep 15 2026 | 7:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Former National Stock Exchange (NSE) Managing Director and Chief Executive Officer Chitra Ramkrishna First Published: Sep 15 2026 | 7:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Thermax Engineering Construction Company (TECC), a wholly owned subsidiary of Thermax, has incorporated a Company with the name Thermax Botswana Proprietary and the Certificate of Incorporation for Thermax Botswana Proprietary has been issued by the Companies and Intellectual Property Authority (CIPA), Botswana on 14 September 2026. Accordingly, Thermax Botswana Proprietary has become a wholly owned subsidiary of TECC and a wholly owned step-down subsidiary of the Company. The new subsidiary will provide support services to boilers and power plants. First Published: Sep 15 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
thermal power plant, power First Published: Sep 15 2026 | 7:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
thermal power plant, power First Published: Sep 15 2026 | 7:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 7:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 15 2026 | 5:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee depreciated 38 paise to close at 95.92 (provisional) against the US dollar on Tuesday, weighed down by escalating Middle East conflict and soaring Brent crude oil prices, which hit USD 108 per barrel. Surging dollar demand from oil importers has sparked fresh concerns over inflation and India's external trade balance. Moreover, weak domestic markets, a strong US dollar and worries over rising global treasury yields further dented investor sentiment. Indian shares fell sharply on Tuesday as trading resumed after a long holiday weekend. After a strong opening, benchmark indexes Sensex and Nifty reverse course to end deep in the red on concerns over rising oil and U.S. bond yields amid escalating Middle East tensions. Brent crude prices rose over 2 percent to trade above $108 a barrel amid fears of a tightening oil market after Saudi Arabia closed a critical pipeline that bypasses the Strait of Hormuz following a drone attack. The BSE Sensex closed at 74,003.82, down by 777.94 points (1.04%), while the NSE Nifty 50 settled at 23,118.60, dropping 279.50 points (1.19%). First Published: Sep 15 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 4:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India VIX spurts 7.99% to 13.27. The Nifty 50 index lost 279.50 points or 1.19% to 23,118.60. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 7.99% to 13.27. HDFC Bank, Infosys and LIC Housing Finance were the top-traded individual stock futures contracts in the F&O segment of the NSE. The September 2026 F&O contracts will expire on 29 September 2026. First Published: Sep 15 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lumino Industries (LIL) said that Crisil Ratings has upgraded its rating on the long-term bank facilities of the company to 'Crisil A+/Stable' from 'Crisil A/Stable'. The agency has also reaffirmed its 'Crisil A1 rating on the short-term bank facilities of Lumino Industries. Crisil Ratings stated that the upgrade factors in the continued strengthening of the business and financial risk profiles owing to increasing scale of operations supported by strong order book, healthy operating profitability, and improvement in the working capital cycle and debt coverage indicators. Revenue increased at compound annual growth rate (CAGR) of around 39% in the three fiscals through 2026 driven by healthy execution of the order book, which stood at Rs 3,090 crore as on 30 June 2026. The company sustained healthy operating performance in the first quarter of fiscal 2027 with estimated turnover of Rs 550 crore. Besides, it emerged as the lowest bidder (L1) for a few orders, which along with the existing order book, will ensure healthy medium term revenue visibility. Earnings before interest, tax, depreciation and amortisation (EBITDA) is expected to be healthy over the medium term, with the EBITDA margin expected to improve backed by greater share of remunerative orders through transmission and distribution (T&D) and export. The business risk profile will also benefit from its increasing market presence and established clientele, and the strong industry outlook for the T&D sector in domestic and international markets. The working capital cycle has improved in the first quarter of fiscal 2027 with realisation of a chunk of receivables greater than six months and retention money expected to be sustained over the medium term, backed by greater revenue contribution from manufacturing orders, which have leaner working capital cycles than engineering, procurement and construction (EPC) orders. The company has raised around Rs 500 crore via fresh equity share initial public offering (IPO) allotment dated 3 September 2026. The funds have been utilised for funding the working capital cycle, thereby reducing reliance on debt by around Rs 360 crore. The fund raise will strengthen the financial risk profile and improve key debt metrics. The ratings continue to reflect the strong business risk profile of LIL, supported by its established presence in the conductors and cables business, leading to sizeable and diversified scale of operations. The ratings also factor in the extensive experience of the promoters in the heavy electrical equipment and EPC industry, the reputed clientele of the company, its established market presence and a comfortable financial risk profile. These strengths are partially offset by working capital-intensive operations and susceptibility of operating performance to cyclicality in end-user industries and risks inherent in tender-based business. Lumino Industries manufactures conductors and cables, such as low-voltage, medium-voltage and high voltage power cables, aerial bunches cables, aluminium conductors (steel-reinforced and aluminium alloy conductors), power cables, PPC poles and substation components. It also has an EPC division for laying down T&D lines and construction of power substations under different government schemes. The firm had reported a consolidated net profit of Rs 159.97 crore and sales of Rs 2,041.07 crore for the twelve months ended on 31 March 2026. The scrip tumbled 4.88% to end at Rs 103.91 on the BSE today. First Published: Sep 15 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators slightly add to net shorts in Pound futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net short position of 58836 contracts in the data reported through September 08 2026. This was a weekly increase of 9261 net short contracts. First Published: Sep 15 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators slightly increased net short in the Euro futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net short position of 42616 contracts in the data reported through September 08, 2026. This was a weekly addition of 17691 net positions. First Published: Sep 15 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The current commercial capacity of NTPC Green Energy group stands at 10,836.56 MW. With this addition of the above, the total installed capacity of the NTPC Green Energy group will increase to 10,842.86 MW. First Published: Sep 15 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As per provisional closing data, the S&P BSE Sensex tanked 777.94 points or 1.04% to 74,003.82. The Nifty 50 index lost 279.50 points or 1.19% to 23,118.60. In the broader market, the BSE 150 MidCap Index declined 2.17% and the BSE 250 SmallCap Index shed 2.40%. The market breadth was weak. On the BSE, 1,197 shares rose and 3,286 shares fell. A total of 201 shares were unchanged. Economy: Indias consumer price inflation rose to 4.82% in August from 4.45% in July, Indias Ministry of Statistics and Program Implementation said in a Monday release, adding to pressure on the countrys central bank to raise key benchmark rates. Indias food inflation climbed to 5.95% in August from 5.52% a month ago. Goods transport service inflation rose the sharpest to over 14% in August, while personal transport inflation rose over 7%, the release said. Wholesale price-based inflation rose to 9.92% in August, compared to 9.78% in July, on rising prices of food, manufactured items, and fuel and power. Inflation in the food index rose to 7.05% in August, from 6.65% in July. In manufactured items, WPI inflation was at a series high of 8.37%, higher than 8.29% in July. In the fuel and power basket, wholesale price index (WPI)-based inflation was 22.93%. New Listings: Shares of Pranav Constructions ended at Rs 129.60 on the BSE, representing a premium of 4.52% as compared with the issue price of Rs 124. The stock debuted at Rs 162 on the BSE, a premium of 30.65% over its issue price. The stock has hit a high of Rs 164.50 and a low of Rs 129.60. On the BSE, over 65.06 lakh shares of the company were traded in the counter. Initial Public Offer (IPO): Veegaland Developers received bids for 11,46,50,607 shares as against 1,13,07,692 shares on offer, according to stock exchange data at 15:15 IST on 15 September 2026. The issue was subscribed 10.14 times. The issue opened for bidding on 10 September 2026 and will close on 15 September 2026. The price band of the IPO is fixed between Rs 130 and 140 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. Manika Plastech received bids for 15,02,20,116 shares as against 2,13,86,919 shares on offer, according to stock exchange data at 15:15 IST on 15 September 2026. The issue was subscribed 7.02 times. The issue opened for bidding on 11 September 2026 and will close on 16 September 2026. The price band of the IPO is fixed between Rs 40 and 43 per share. An investor can bid for a minimum of 348 equity shares and multiples thereof. Buzzing Index: The Nifty Realty index slipped 4.04% to 814.25. The index tanked 9.33% in the seven consecutive trading sessions. Prestige Estates Projects (down 5.41%), Godrej Properties (down 5.07%), Lodha Developers (down 4.66%), Oberoi Realty (down 4.17%), Brigade Enterprises (down 4.13%), Aditya Birla Real Estate (down 3.83%), DLF (down 3.67%), Phoenix Mills (down 2.98%), Anant Raj (down 2.08%) and Sobha (down 1.98%) fell. Stocks in Spotlight: HeidelbergCement India fell 3.17%. The company said that it has entered into a mine development and production agreement (MDPA) for a period of 50 years with the Department of Mineral Resources, Government of Madhya Pradesh, for the SukhaSatpara Limestone Block. Diamond Power Infrastructure was locked in 5% upper circuit after the company announced that it has received a letter of award from Adani Electricity Mumbai (AEML) for a contract worth Rs 179.43 crore. KEC International shed 0.01%. The company said that it has secured new orders of Rs 1,303 crore across various businesses. The company's transmission & distribution (T&D) business has secured orders for a 400 kV transmission line in Northern India and 380 kV transmission lines in Saudi Arabia. Additionally, it has won a contract to supply towers, hardware, and poles in the Americas. Afcom Holdings tumbled 6.91%. The company has signed a long-term Aviation Fuel Supply Agreement with Hindustan Petroleum Corporation (HPCL). Under the agreement, HPCL will supply Jet A-1 aviation turbine fuel to support Afcom's operational requirements across HPCL's pan-India aviation fuelling network. Jubilant FoodWorks slipped 1.28%. The company said that Virender Singh Sehrawat, executive vice president & head of integrated supply chain and senior management personnel (SMP) of the company, has resigned from the services of the company on 10 September 2026. Aurobindo Pharma shed 0.63%. The company said that it has received final approval from the US Food & Drug Administration (US FDA) to manufacture and market Beclomethasone Dipropionate HFA Inhalation Aerosol. Yash High-voltage shed 0.06%. The company said that its US subsidiary entered into a strategic representation agreement. YASH HV USA INC. signed the agreement with Ensales Electrical Associates, Inc., on 11 September 2026. The agreement will remain valid for 36 months. Global Markets: European equities slipped while Asian indices ended lower on Tuesday after Wall Street ended lower overnight as investors weighed concerns over the pace of artificial intelligence development, rising oil prices and higher US Treasury yields. Market participants were also cautious ahead of the Federal Reserve's policy meeting this week. AI-related technology stocks remained under pressure after senior industry figures called for a slower pace of AI development amid concerns over the risks associated with rapidly advancing AI systems. Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, and other technology leaders have backed calls for greater caution, triggering a sell-off in AI-linked shares. The weakness was particularly pronounced in semiconductor stocks. Markets were also unsettled by renewed concerns over Middle East energy supplies. Oil prices rose after attacks on Saudi Arabian energy infrastructure disrupted the kingdom's East-West pipeline. Brent crude was around $106.96 a barrel on Tuesday. The higher oil prices have raised concerns that persistent energy inflation could complicate monetary policy decisions. US Treasury yields added to the pressure. The 10-year Treasury yield briefly crossed 5% on Monday for the first time since 2023. Higher yields increase borrowing costs and can put pressure on equity valuations, particularly growth and technology stocks. Investors are now focused on the Federal Reserve's meeting scheduled for this week. Markets are pricing in roughly a 90% probability of a 25-basis-point rate hike, which would be the first increase since 2023. On Wall Street, the Dow Jones Industrial Average fell 0.29% to 52,421.17 on Monday. The S&P 500 declined 0.48% to 7,619.94, while the Nasdaq Composite slipped 0.56% to 26,186.41. The declines followed selling in chipmakers and other AI-linked stocks, although gains in some non-AI sectors limited the broader market losses. First Published: Sep 15 2026 | 4:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 4:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Anlon Healthcare said that Brickwork Ratings has assigned a long-term rating of 'BWR BBB/Stable' rating to the bank loan facilities of the company. Brickwork Ratings stated that the rating factors in the management's extensive experience in the pharmaceutical industry, significant growth in scale of operations, improved profitability margins, a robust capital structure with low leverage, and healthy debt-coverage metrics. However, the rating is constrained by intense market competition, strict regulatory compliance risks (including quality norms and government price controls). The 'stable' outlook indicates a low likelihood of a rating change over the medium term. The rating outlook may be revised to 'positive' in case the revenue and profitability margins show sustained improvement. The rating outlook may be revised to 'negative' if the financial risk profile goes down. Anlon Healthcare is a research-driven manufacturer of active pharmaceutical ingredients (APIs), bulk drugs, and advanced pharmaceutical intermediates. The company operates from its registered office in Rajkot and its manufacturing facility at Pipaliya, Gondal Road, Rajkot, serving domestic and international customers with quality-focused manufacturing solutions. The company's consolidated net profit jumped 87.61% to Rs 6.66 crore on a 162.94% increase in revenue to Rs 87.56 crore in Q1 FY27 as compared with Q1 FY26. The scrip had advanced 2.72% to end at Rs 20.05 on the BSE. First Published: Sep 15 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pursuant to present conversion, paid-up equity share capital of the company stands increased to Rs.49,91,44,004/- consisting of 49,91,44,004 fully paid-up equity shares of Re. 1/-each. First Published: Sep 15 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 3:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aurobindo Pharma announced that it has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Beclomethasone Dipropionate HFA Inhalation Aerosol, 40 mcg and 80 mcg, a generic equivalent of QVAR Inhalation Aerosol 40 mcg and 80 mcg, marketed by Teva Branded Pharmaceutical Products R&D LLC. This represents Aurobindo's first metered-dose inhaler (MDI) product, marking a significant milestone in the Company's expansion into complex respiratory therapies and strengthening its capabilities in the inhalation segment. The product will be manufactured at Aurobindo Pharma's Raleigh facility in North Carolina, owned by its wholly owned step-down subsidiary Aurolife Pharma LLC. The product is expected to be launched in upcoming quarters. The US market for the approved product and newer versions of the reference product, QVAR RediHaler, was estimated at US$301 million for the twelve months ended July 2026, according to IQVIA. First Published: Sep 15 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At SEMICON India, izmo Microsystems will also preview its next-generation optical transceiver portfolio, scheduled for commercial launch in 2027. First Published: Sep 15 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 14:30 IST, the barometer index, the S&P BSE Sensex tanked 539.63 points or 0.72% to 74,242.13. The Nifty 50 index lost 192.05 points or 0.82% to 23,206.95. In the broader market, the BSE 150 MidCap Index fell 1.78% and the BSE 250 SmallCap Index shed 2.07%. The market breadth was weak. On the BSE, 1,199 shares rose and 3,187 shares fell. A total of 244 shares were unchanged. Buzzing Index: The Nifty Media index declined 1.51% to 1,514. The index jumped 0.72% in two consecutive trading sessions. Saregama India (down 2.7%), Hathway Cable & Datacom (down 2.25%), Zee Entertainment Enterprises (down 2.22%), Network 18 Media & Investments (down 2.14%) and Nazara Technologies (down 1.65%), D B Corp (down 1.47%), PVR Inox (down 0.98%), Sun TV Network (down 0.77%) fell. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 1.01% to 7.092 compared with the previous session close of 7.021. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.9375 compared with its close of 95.5400 during the previous trading session. MCX Gold futures for 5 October 2026 settlement shed 0.64% to Rs 1,50,265. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.16% to 99.64. The United States 10-year bond yield rose 1.55% to 5.038. In the commodities market, Brent crude for the November 2026 settlement rose $2.26 or 2.14% to $107.94 a barrel. First Published: Sep 15 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Neuland Laboratories is accelerating its peptide manufacturing expansion, as the first of four scheduled modules has commenced operations at its commercial peptide manufacturing site. Significantly, with foundational infrastructure for the second module already in place, Neuland expects to begin work ahead of the original timeline once customer requirements are finalised configuration, instrumentation and capacity are currently being defined in close collaboration with the customer whose projects will anchor the expanded capability. The newly operational module one provides 7000L total reactor capacity, 750L of solid-phase peptide synthesis and 6250L liquid-phase peptide synthesis. This enables flexible customer programmes from small-scale to multikilogram quantities for complete peptide APIs including complex and long-chain peptides as well as commercial scale production of crude peptides. Additionally, the SPPS and LPPS reactors are housed in different suites enabling parallel operation and are supported by three DAC columns [one 45 cm and two 60 cm] and two lyophilisers with 100 L and 200 L capacities. Following the $30 million investment in module one, Neuland is aligning further investment for subsequent modules with new customer requirements. Module two is planned to provide an overall reactor capacity of up to 18,000 L, comprising three 5,000 L LPPS reactors, as well as either a 1,000 L or 2,000 L SPPS reactor, and smaller reactors of up to the 1,000 L scale. This flexible configuration will allow Neuland to support a broad range of peptide programmes and production scales. The range of partner indications is also broadening beyond obesity and metabolic disease, with oncology emerging as a particularly active area of early-stage development. As peptide pipelines expand, a growing number of biotech companies are struggling to access capable outsourced development and commercial manufacturing capacity. First Published: Sep 15 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aurobindo Pharma said that it has received final approval from the US Food & Drug Administration (US FDA) to manufacture and market Beclomethasone Dipropionate HFA Inhalation Aerosol. The approved ANDA is a generic equivalent of QVAR Inhalation Aerosol, marketed by Teva Branded Pharmaceutical Products R&D LLC. Beclomethasone Dipropionate HFA Inhalation Aerosol is indicated in the maintenance treatment of asthma as prophylactic therapy in patients 5 years of age and older. Indicated for asthma patients who require systemic corticosteroid administration, where adding Beclomethasone Dipropionate HFA Inhalation Aerosol may reduce or eliminate the need for the systemic corticosteroids. The product will be manufactured at Aurobindo Pharmas Raleigh facility in North Carolina, owned by its wholly owned step-down subsidiary Aurolife Pharma LLC. The product is expected to be launched in upcoming quarters. The US market for the approved product and newer versions of the reference product, QVAR RediHaler, was estimated at $301 million for the twelve months ended July 2026, according to IQVIA. With this approval, Aurobindo Pharmas cumulative USFDA ANDA approvals stand at 596, comprising 571 final approvals and 25 tentative approvals, further strengthening the Companys portfolio of complex and differentiated products. Aurobindo Pharma is an integrated global pharmaceutical company headquartered in Hyderabad, India. The company develops, manufactures, and commercializes a wide range of generic pharmaceuticals, branded specialty pharmaceuticals and active pharmaceutical ingredients globally in over 150 countries. Aurobindo Pharma is engaged in the manufacturing and marketing of active pharmaceutical ingredients (APIs), generic pharmaceuticals, and related services. The company's consolidated net profit jumped 25.20% to Rs 1032.56 crore on a 16.86% increase in revenue to Rs 9,105.82 crore in Q1 FY27 as compared with Q1 FY26. The scrip fell 1.15% to currently trade at Rs 465 on the BSE. First Published: Sep 15 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zensar Technologies Ltd notched up volume of 362.28 lakh shares by 14:14 IST on NSE, a 52.31 fold spurt over two-week average daily volume of 6.93 lakh shares Firstsource Solutions Ltd, Afcons Infrastructure Ltd, Tata Investment Corporation Ltd, Brainbees Solutions Ltd are among the other stocks to see a surge in volumes on NSE today, 15 September 2026. Zensar Technologies Ltd notched up volume of 362.28 lakh shares by 14:14 IST on NSE, a 52.31 fold spurt over two-week average daily volume of 6.93 lakh shares. The stock rose 4.90% to Rs.446.10. Volumes stood at 9.81 lakh shares in the last session. Firstsource Solutions Ltd recorded volume of 273.3 lakh shares by 14:14 IST on NSE, a 46.08 times surge over two-week average daily volume of 5.93 lakh shares. The stock gained 14.98% to Rs.284.70. Volumes stood at 5.58 lakh shares in the last session. Afcons Infrastructure Ltd notched up volume of 244.37 lakh shares by 14:14 IST on NSE, a 20.21 fold spurt over two-week average daily volume of 12.09 lakh shares. The stock rose 4.61% to Rs.265.50. Volumes stood at 18.5 lakh shares in the last session. Tata Investment Corporation Ltd registered volume of 209.95 lakh shares by 14:14 IST on NSE, a 17.69 fold spurt over two-week average daily volume of 11.87 lakh shares. The stock rose 11.78% to Rs.727.55. Volumes stood at 5.77 lakh shares in the last session. Brainbees Solutions Ltd notched up volume of 455.34 lakh shares by 14:14 IST on NSE, a 16.84 fold spurt over two-week average daily volume of 27.04 lakh shares. The stock rose 1.79% to Rs.171.85. Volumes stood at 7.49 lakh shares in the last session. First Published: Sep 15 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jaiprakash Power Ventures Ltd is quoting at Rs 15.76, down 1.62% on the day as on 13:19 IST on the NSE. The stock tumbled 6.23% in last one year as compared to a 7.71% slide in NIFTY and a 5.66% spurt in the Nifty Energy index. Jaiprakash Power Ventures Ltd is down for a fifth straight session today. The stock is quoting at Rs 15.76, down 1.62% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.44% on the day, quoting at 23294.15. The Sensex is at 74528.29, down 0.34%.Jaiprakash Power Ventures Ltd has lost around 9.37% in last one month.Meanwhile, Nifty Energy index of which Jaiprakash Power Ventures Ltd is a constituent, has eased around 3.12% in last one month and is currently quoting at 37935.2, down 1.29% on the day. The volume in the stock stood at 190.66 lakh shares today, compared to the daily average of 325.81 lakh shares in last one month. The PE of the stock is 13.23 based on TTM earnings ending June 26. First Published: Sep 15 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
All three offers were available for bidding from September 8 till September 10. First Published: Sep 15 2026 | 2:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coforge extends fall on chairman's exit; Jefferies sees limited impact First Published: Sep 15 2026 | 2:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At bauma CONEXPO INDIA 2026 Schaeffler India (Schaeffler) will showcase its comprehensive portfolio of solutions for the construction and off-highway industry at bauma CONEXPO INDIA 2026. Under the theme 'Moving Next Generation of Construction Machines', Schaeffler will demonstrate technologies focused on improving efficiency, reducing emissions and enhancing equipment reliability and lifecycle performance. The showcase will include advanced low-friction bearings, sensors and mechatronics, electric motors, electromechanical linear actuators, Industrial Lifetime Solutions, and powertrain and chassis components. A key focus of the showcase will be Schaeffler's low-friction bearing solutions, including its X-life portfolio, which can help reduce energy consumption and improve efficiency in demanding applications such as drivetrains, hydraulic pumps and transmissions. The company will also demonstrate sensor technologies, including torque measurement modules and sensorized components, enabling the monitoring of operating loads and supporting predictive approaches to equipment maintenance. Schaeffler will further highlight its capabilities in electrification through electric motors developed for diverse applications. Its electromechanical linear actuators will demonstrate an efficient alternative for selected hydraulic functions, supporting precise control, long maintenance intervals and lower lifecycle costs. First Published: Sep 15 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Through convergence of software, AI and physical systems for next-gen vehicle ecosystems Coforge is expanding its automotive engineering footprint under the new Telecom, Media, Automotive, and Energy Solutions (TMAE) industry vertical, with a focus on connected vehicle technologies, software-defined vehicle engineering and next generation automotive platforms. Coforge's automotive engineering practice now comprises approximately 300 professionals in Argentina, Brazil, Colombia, India, Europe and the United States, with plans for further expansion. The expanded footprint will bring together engineering capabilities in mobility software, connectivity, cloud, cybersecurity, vehicle systems, and AI to support automotive companies as they navigate the transition toward increasingly software-defined and connected vehicles. Coforge's automotive capabilities span the vehicle technology lifecycle, bringing together vehicle engineering, connected vehicle platforms, AI-enabled engineering and cybersecurity. Its capabilities include vehicle software development, system architecture, integration, simulation and validation, OTA management, vehicle connectivity, mobile applications, edge-cloud technologies, V2X, navigation, and vehicle data platforms. Coforge also applies AI across areas such as predictive maintenance, intelligent inspection and user authentication, while exploring physical AI applications in automotive manufacturing. These capabilities are complemented by expertise in vehicle cybersecurity and authentication to help secure increasingly connected next-generation vehicle ecosystems. The company has delivered engineering projects for OEMs, Tier-1 suppliers and ecosystem partners across areas including vehicle cybersecurity, AV user authentication, predictive maintenance, AI driven inspection, phone-as-a-key technology, connected vehicle platform management and validation, EV fleet management, edge-cloud connectivity, V2X features, dealer integration, and navigation and route planning. First Published: Sep 15 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bears growl on D-St! Sensex tanks 2,200pts in Sept; key reasons explained First Published: Sep 15 2026 | 2:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The benchmark indices resumed their downward trajectory and hit fresh intraday low in afternoon trade, as sentiment remained weak amid mixed global cues. Rising crude oil prices and elevated global bond yields continued to weigh on risk appetite. The Nifty traded below the 23,300 level even as information technology stocks recorded strong buying interest. Global markets remained cautious ahead of the US Federal Reserve's policy decision. Investors were also assessing the impact of higher oil prices on inflation and interest rates. At 13:26 IST, the S&P BSE Sensex was down 262.48 points, or 0.35%, at 74,519.28. The Nifty 50 index was down 102.50 points, or 0.44%, at 23,295.60. In the broader market, the Nifty Midcap 100 index declined 1.30%. The Nifty Smallcap 100 index fell 1.53%. On the BSE, 1323 shares were trading in green, while 3000 shares were trading in red. A total of 267 shares were unchanged. Gainers & Losers: HCL Tech (up 4.99%), Infosys (up 3.42%), TCS (up 3.41%), Tech Mahindra (up 2.79%) and Tata Motors Passenger Vehicle (up 2.03%) were the top gainers. Shriram Finance (down 3.69%), Bharat Electronics (down 3.45%), Grasim (down 2.72%), Adani Enterprises (down 2.68%) and Titan (down 2.34%) were the top losers. Stocks in Spotlight: HeidelbergCement India fell 2.30%, The company said that it has entered into a mine development and production agreement (MDPA) for a period of 50 years with the Department of Mineral Resources, Government of Madhya Pradesh, for the SukhaSatpara Limestone Block. Diamond Power Infrastructure was locked in 5% upper circuit. The company announced that it has received a letter of award from Adani Electricity Mumbai (AEML) for a contract worth Rs 179.43 crore. Afcom Holdings tumbled 4.57%. The company has signed a long-term Aviation Fuel Supply Agreement with Hindustan Petroleum Corporation (HPCL). Under the agreement, HPCL will supply Jet A-1 aviation turbine fuel to support Afcom's operational requirements across HPCL's pan-India aviation fuelling network. Jubilant FoodWorks slipped 1.48%. The company said that Virender Singh Sehrawat, executive vice president & head - integrated supply chain and senior management personnel (SMP) of the company, has resigned from the services of the company on 10 September 2026. Global Markets: European equities slipped while Asian indices traded in a subdued manner on Tuesday after Wall Street ended lower overnight as investors weighed concerns over the pace of artificial intelligence development, rising oil prices and higher US Treasury yields. Market participants were also cautious ahead of the Federal Reserve's policy meeting this week. AI-related technology stocks remained under pressure after senior industry figures called for a slower pace of AI development amid concerns over the risks associated with rapidly advancing AI systems. Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman and other technology leaders have backed calls for greater caution, triggering a sell-off in AI-linked shares. The weakness was particularly pronounced in semiconductor stocks. Markets were also unsettled by renewed concerns over Middle East energy supplies. Oil prices rose after attacks on Saudi Arabian energy infrastructure disrupted the kingdom's East-West pipeline. Brent crude was around $106.96 a barrel on Tuesday. The higher oil prices have raised concerns that persistent energy inflation could complicate monetary policy decisions. US Treasury yields added to the pressure. The 10-year Treasury yield briefly crossed 5% on Monday for the first time since 2023. Higher yields increase borrowing costs and can put pressure on equity valuations, particularly growth and technology stocks. Investors are now focused on the Federal Reserve's meeting scheduled for this week. Markets are pricing in roughly a 90% probability of a 25-basis-point rate hike, which would be the first increase since 2023. On Wall Street, the Dow Jones Industrial Average fell 0.29% to 52,421.17 on Monday. The S&P 500 declined 0.48% to 7,619.94, while the Nasdaq Composite slipped 0.56% to 26,186.41. The declines followed selling in chipmakers and other AI-linked stocks, although gains in some non-AI sectors limited the broader market losses. First Published: Sep 15 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With GDV of Rs 4,500 crore Embassy Developments announced the launch of Embassy Origins, an approximately 85-acre residential development in North Bengaluru. Built around its unique 'Natural Intelligence' design philosophy, the first phase of the development comprises two RERA-approved residential projects - Embassy Riverine and Embassy South Reserve, with a combined GDV of Rs 4,500 crore. Designed and landscaped by Bengaluru-based Bhumiputra Architecture, led by Principal Architect Alok Shetty, the development integrates approximately 4,000 trees across 100-120 species, with the existing landscape forming a continuous green spine through the masterplan. A central riparian corridor follows the site's natural water systems and contours, supporting biodiversity while contributing to a cooler microclimate and creating a strong connection between the homes and the landscape. Located in North of Yelahanka, Embassy Origins comprises Embassy Riverine, with 217 villas (4, 4,5 and 5 BHK) across ~1.1 million sq. ft. of saleable area and Embassy South Reserve, with 855 apartments (Studio to 3.5 BHK) across ~1.5 million sq. ft. Together, the two projects offer more than 2.6 million sq. ft. of saleable residential space. The development connects to the city's business, commercial and lifestyle destinations, including Kempegowda International Airport, 20 minutes away. First Published: Sep 15 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At CONEXPO India 2026 Cummins India introduced its next-generation power solutions and comprehensive lifecycle aftermarket offerings for the genset, construction, and mining sectors at the 9th edition of bauma CONEXPO India 2026. A key highlight of the event was the launch of the Cummins QSK60 powered G34 and G37 genset solutions, further expanding its power solutions portfolio and reinforcing Cummins' commitment to delivering dependable, high-performance power for demanding segments such as data centers and other mission-critical applications. Alongside this, Cummins showcased its CPCB IV+ compliant 125 kVA generator set, reinforcing its commitment to delivering cleaner, high-performance products tailored to India's evolving infrastructure and regulatory landscape. The Aftermarket portfolio demonstrated Cummins' focus on maximizing equipment performance across the lifecycle. Featuring solutions such as Vigilar, DATUM D, DATUM X, DGBLUE, Fuel Sure Kit, and N-GinnX, along with equipment care solutions, battery solutions, Dual Fuel Kits, and BESS, Cummins highlighted how connected technologies, fuel optimization, emissions management, and advanced energy solutions enable customers to improve uptime, enhance operational efficiency, and unlock long-term value. First Published: Sep 15 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank of India (RBI) - the country's central bank and banking regulator - has pre-emptively approached the courts seeking to be heard in any matter filed related to the listing of Tata Sons, a source ?directly familiar with the matter said. The move follows the RBI's rejection of Tata Sons' application to deregister as a non-banking financial company (NBFC), a decision that pushes the holding company closer to a stock market listing. Reuters reported on Saturday that the RBI had communicated its decision in a letter to Tata Sons. Factions within the group have resisted a listing, according to local media reports. The RBI has filed what in legal parlance is known as a 'caveat' ?in the Bombay High Court which will allow the central bank to be heard if a petitioner challenges its decision or seeks a stay, the source said, declining to be identified as they are not authorised to speak to the media. This was done "as a routine measure to ensure it is heard in any proceedings challenging the decision or seeking a stay," the source said. RBI and Tata Sons did not reply ?to emailed requests for comment from Reuters. Tata Sons, the century-old holding company of the Tata Group, has businesses including Tata Consultancy Services, ?Tata Motors, Tata Steel and Air India. Shares of group companies rose on ?Tuesday. It falls under the RBI's purview as it is currently registered as a core investment company. Under RBI rules, all non-bank financiers including ?core investment companies with assets exceeding ?1 trillion ($10.45 billion) or access to public funds are required to list. Tata Sons reported standalone assets of ?1.75 ?trillion as of March 2025, the latest data available. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 15 2026 | 1:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Propstack is a real estate data and analytics company specialising in market intelligence, investment analysis and occupier advisory First Published: Sep 15 2026 | 1:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HeidelbergCement India said that it has entered into a mine development and production agreement (MDPA) for a period of 50 years with the Department of Mineral Resources, Government of Madhya Pradesh, for the Sukha-Satpara Limestone Block. The aforementioned limestone block is situated in District Damoh, Madhya Pradesh. The mining block, admeasuring approximately 216 hectares, was secured by the company through an auction conducted in 2023 and has estimated limestone resources of approximately 63 million tonnes, as per the Geological Report of the Government. HeidelbergCement India is a subsidiary of HeidelbergCement AG, Germany. The company operates in central India in Damoh (Madhya Pradesh) and Jhansi (Uttar Pradesh) and in southern India in Ammasandra (Karnataka). The company's net profit declined 36.66% to Rs 30.55 crore despite a 5.12% rise in revenue to Rs 628.11 crore in Q1 FY27 as compared with Q1 FY26. The scrip fell 2% to currently trade at Rs 147 on the BSE. First Published: Sep 15 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Abbott India Ltd is quoting at Rs 26155, up 2.37% on the day as on 12:49 IST on the NSE. The stock is down 15.44% in last one year as compared to a 7.58% jump in NIFTY and a 18.39% jump in the Nifty Pharma index. Abbott India Ltd is up for a third straight session today. The stock is quoting at Rs 26155, up 2.37% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.3% on the day, quoting at 23327.15. The Sensex is at 74671.32, down 0.15%. Abbott India Ltd has slipped around 2.79% in last one month. Meanwhile, Nifty Pharma index of which Abbott India Ltd is a constituent, has slipped around 0.07% in last one month and is currently quoting at 26532.4, down 0.65% on the day. The volume in the stock stood at 6596 shares today, compared to the daily average of 7643 shares in last one month. The PE of the stock is 33.67 based on TTM earnings ending June 26. First Published: Sep 15 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tech Mahindra Ltd is quoting at Rs 1595.4, up 3.53% on the day as on 12:49 IST on the NSE. The stock is up 4.17% in last one year as compared to a 7.58% fall in NIFTY and a 17.5% fall in the Nifty IT index. Tech Mahindra Ltd rose for a third straight session today. The stock is quoting at Rs 1595.4, up 3.53% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.3% on the day, quoting at 23327.15. The Sensex is at 74671.32, down 0.15%. Tech Mahindra Ltd has dropped around 0.91% in last one month. Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has dropped around 3.02% in last one month and is currently quoting at 28921.5, up 3.3% on the day. The volume in the stock stood at 19.34 lakh shares today, compared to the daily average of 18.42 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 1597.2, up 3.64% on the day. Tech Mahindra Ltd is up 4.17% in last one year as compared to a 7.58% fall in NIFTY and a 17.5% fall in the Nifty IT index. The PE of the stock is 37.78 based on TTM earnings ending June 26. First Published: Sep 15 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Infosys Ltd is quoting at Rs 1079.3, up 4.01% on the day as on 12:49 IST on the NSE. The stock is down 28.58% in last one year as compared to a 7.58% drop in NIFTY and a 17.5% drop in the Nifty IT index. Infosys Ltd gained for a third straight session today. The stock is quoting at Rs 1079.3, up 4.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.3% on the day, quoting at 23327.15. The Sensex is at 74671.32, down 0.15%. Infosys Ltd has slipped around 5.32% in last one month. Meanwhile, Nifty IT index of which Infosys Ltd is a constituent, has slipped around 3.02% in last one month and is currently quoting at 28921.5, up 3.3% on the day. The volume in the stock stood at 107.18 lakh shares today, compared to the daily average of 81.24 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 1080.8, up 3.67% on the day. Infosys Ltd is down 28.58% in last one year as compared to a 7.58% drop in NIFTY and a 17.5% drop in the Nifty IT index. The PE of the stock is 13.53 based on TTM earnings ending June 26. First Published: Sep 15 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank Ltd is quoting at Rs 718.95, up 1.51% on the day as on 12:49 IST on the NSE. The stock is down 25.64% in last one year as compared to a 7.58% fall in NIFTY and a 1.94% fall in the Nifty Bank index. HDFC Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 718.95, up 1.51% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.3% on the day, quoting at 23327.15. The Sensex is at 74671.32, down 0.15%. HDFC Bank Ltd has dropped around 1.38% in last one month. Meanwhile, Nifty Bank index of which HDFC Bank Ltd is a constituent, has dropped around 2.22% in last one month and is currently quoting at 56606.55, down 0.68% on the day. The volume in the stock stood at 378.7 lakh shares today, compared to the daily average of 271.17 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 720.5, up 1.38% on the day. HDFC Bank Ltd is down 25.64% in last one year as compared to a 7.58% fall in NIFTY and a 1.94% fall in the Nifty Bank index. The PE of the stock is 14.44 based on TTM earnings ending June 26. First Published: Sep 15 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tips Music Ltd is quoting at Rs 666.75, up 0.79% on the day as on 12:44 IST on the NSE. The stock is up 11.52% in last one year as compared to a 7.62% fall in NIFTY and a 6.24% fall in the Nifty Media. Tips Music Ltd rose for a fifth straight session today. The stock is quoting at Rs 666.75, up 0.79% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.35% on the day, quoting at 23315.05. The Sensex is at 74611.29, down 0.23%. Tips Music Ltd has added around 1.6% in last one month. Meanwhile, Nifty Media index of which Tips Music Ltd is a constituent, has added around 4.36% in last one month and is currently quoting at 1537.2, down 0.72% on the day. The volume in the stock stood at 92412 shares today, compared to the daily average of 2.04 lakh shares in last one month. The PE of the stock is 39.28 based on TTM earnings ending June 26. First Published: Sep 15 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
eMudhra Ltd, HMA Agro Industries Ltd, S V Global Mill Ltd and Shoppers Stop Ltd are among the other gainers in the BSE's 'B' group today, 15 September 2026. eMudhra Ltd, HMA Agro Industries Ltd, S V Global Mill Ltd and Shoppers Stop Ltd are among the other gainers in the BSE's 'B' group today, 15 September 2026. Quint Digital Ltd spiked 20.00% to Rs 47.94 at 11:56 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 13329 shares were traded on the counter so far as against the average daily volumes of 4722 shares in the past one month. eMudhra Ltd surged 19.99% to Rs 593.6. The stock was the second biggest gainer in 'B' group. On the BSE, 1.75 lakh shares were traded on the counter so far as against the average daily volumes of 9124 shares in the past one month. HMA Agro Industries Ltd soared 18.05% to Rs 23.67. The stock was the third biggest gainer in 'B' group. On the BSE, 6.75 lakh shares were traded on the counter so far as against the average daily volumes of 2.21 lakh shares in the past one month. S V Global Mill Ltd advanced 16.10% to Rs 155. The stock was the fourth biggest gainer in 'B' group. On the BSE, 1 shares were traded on the counter so far as against the average daily volumes of 5448 shares in the past one month. Shoppers Stop Ltd rose 15.09% to Rs 432.35. The stock was the fifth biggest gainer in 'B' group. On the BSE, 21101 shares were traded on the counter so far as against the average daily volumes of 1401 shares in the past one month. First Published: Sep 15 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Firstsource Solutions Ltd, Tata Investment Corporation Ltd, Afcons Infrastructure Ltd and Zensar Technologies Ltd are among the other gainers in the BSE's 'A' group today, 15 September 2026. Firstsource Solutions Ltd, Tata Investment Corporation Ltd, Afcons Infrastructure Ltd and Zensar Technologies Ltd are among the other gainers in the BSE's 'A' group today, 15 September 2026. Tata Chemicals Ltd soared 20.00% to Rs 734.5 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 40922 shares were traded on the counter so far as against the average daily volumes of 32776 shares in the past one month. Firstsource Solutions Ltd spiked 14.21% to Rs 282.9. The stock was the second biggest gainer in 'A' group. On the BSE, 8.19 lakh shares were traded on the counter so far as against the average daily volumes of 58295 shares in the past one month. Tata Investment Corporation Ltd surged 10.91% to Rs 722.1. The stock was the third biggest gainer in 'A' group. On the BSE, 13.91 lakh shares were traded on the counter so far as against the average daily volumes of 36434 shares in the past one month. Afcons Infrastructure Ltd exploded 9.86% to Rs 279. The stock was the fourth biggest gainer in 'A' group. On the BSE, 16.92 lakh shares were traded on the counter so far as against the average daily volumes of 85661 shares in the past one month. Zensar Technologies Ltd rose 9.55% to Rs 465.75. The stock was the fifth biggest gainer in 'A' group. On the BSE, 23.57 lakh shares were traded on the counter so far as against the average daily volumes of 51238 shares in the past one month. First Published: Sep 15 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 1:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Diamond Power informed the exchanges during Friday's trading hours that it has completed its exit from the resolution framework. First Published: Sep 15 2026 | 12:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Consultancy Services has partnered with the Dubai Gold & Commodities Exchange (DGCX) to modernise and future-proof DGCX's market infrastructure through the implementation of a next-generation integrated trading, clearing, and surveillance solution. The transformation programme will provide DGCX with a more flexible technology foundation to support future growth, improve operational efficiency and accelerate the development of new products. It will also strengthen DGCX's ability to respond to the evolving needs of regional and international market participants across established and emerging asset classes. As part of this agreement, TCS will deliver a world-class trading, clearing and surveillance platform by integrating: These solutions are a part of BFSI Products and Platforms, a strategic business group within TCS that empowers financial services and insurance organisations to achieve superior customer experience and operational transformation. BFSI Products and Platforms supports some of the world's leading financial markets with intelligent, resilient, and interoperable ecosystems, providing end-to-end service and solutions. First Published: Sep 15 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Uno Minda announced a series of strategic capacity expansion and plant consolidation projects across its key business verticals to strengthen its manufacturing footprint, boost capacities across key divisions, and cater to surging demand from leading Original Equipment Manufacturers (OEMs). The combined proposed investment in these four projects is approximately ~1,415 crore. The announcements include the expansion projects in Two-Wheeler Alloy Wheels, Aluminium Casting, Moulding, and Interior, Exterior Parts and Sealing Systems. Project details are as follows: Greenfield Aluminium Casting Facility at Hosur - Uno Minda's Aluminium Casting Division, which manufactures castings parts 2W, 4W and CV vehicles (both ICE and EV), continues to see strong demand from OEMs, particularly in South India. With the existi.ng Hosur facility at current location having reached its practical expansion limits, the Company will establish a new greenfield facility on its available another land parcel at Thally Road, Hosur, to create a scalable, future-ready manufacturing base for committed volumes and emerging business opportunities. The new plant will feature a lean manufacturing layout designed for seamless material flow and improved productivity. Expansion cum Relocation of Two-Wheeler Alloy Wheel Capacity in Kharkhoda, Haryana - To align production with shifting customer geographic demand, the Board of Directors has approved a 3.3 million-unit two wheeler Alloy Wheel capacity expansion at Kharkhoda, Haryana. This initiative includes the strategic relocation of 2.0 million units of existing capacity from Supa, Maharashtra, to the Kharkhoda plant. This new facility will strengthen geographical diversification, enhancing Uno Minda's presence in North India for two-wheeler alloy wheel business. First Published: Sep 15 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company’s operations are largely concentrated in North India, with a significant exposure to Uttar Pradesh. First Published: Sep 15 2026 | 12:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank of India (RBI) on Tuesday absorbed ?3,93,352 crore through variable rate reverse repo (VRRR) auction amid huge surplus liquidity in the banking system. The central bank received bids worth ?3,93,352 crore, for a notified amount of ?5 trillion. It accepted all bids at a cut-off and weighted average rate of 5.24 per cent, according to a release. Over the last month, the RBI has been conducting VRRR auctions in order to absorb excess surplus liquidity from the banking system and align the overnight money market rates to the repo rate. The liquidity surplus in the banking system was estimated to be around ?10.73 trillion on September 11. Apart from VRRR auctions, last week, the central bank announced Open Market Operation (OMO) sales of government securities for a notified amount of ?1 trillion in three tranches, with the first tranche auction to be held on September 17. The first tranche of ?50,000 crore will be held on September 17, and ?25,000 crore each tranches on September 21 and September 28, RBI said. The banking system was flushed with liquidity due to heavy mobilisation of FCNR (B) deposits by banks, bringing in foreign currency into the system, while subsequent swaps with the RBI provided rupee liquidity to banks. Besides FCNR (B) inflows, month-end government expenditure, including payments toward salaries and pensions, also added to liquidity in the banking system. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 15 2026 | 12:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Diamond Power Infrastructure was locked in 5% upper circuit at Rs 388 after the company announced that it has received a letter of award from Adani Electricity Mumbai (AEML) for a contract worth Rs 179.43 crore. The contract is for the supply of additional medium voltage and low voltage underground power cables for the Mumbai distribution network. The award covers approximately 871 kms of cable in aggregate 33 kV and 11 kV medium voltage cable together with associated 1.1 kV low voltage cable. The repeat award reflects AEML's assessment of the company's catenary continuous vulcanisation (CCV) manufacturing capability, its in-house testing infrastructure and its record of delivery performance on the Mumbai network. DPIL is also an established supplier of power cables to BEST (Brihanmumbai Electric Supply & Transport Undertaking), the city's other major distribution utility. Diamond Power, marketed under the DICABS brand, manufactures low voltage (LV), medium voltage (MV), high voltage (HV) and extra high voltage (EHV) power cables, aerial bunched cables, control cables and overhead conductors. Its products cater to power utilities, transmission and distribution companies, renewable-energy developers, EPC contractors and industrial customers in India and export markets. The companys consolidated net profit soared 256.19% to Rs 58.45 crore in the quarter ended June 2026 from Rs 16.41 crore in the corresponding quarter of the previous year. Sales surged 128.57% to Rs 689.88 crore in Q1 FY27 from Rs 301.82 crore in Q1 FY26. First Published: Sep 15 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Over 150% rally YTD! This multibagger stock spurts 12% to hit record high First Published: Sep 15 2026 | 12:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 15 2026 | 12:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 11:30 IST, the barometer index, the S&P BSE Sensex, tanked 182.34 points or 0.24% to 74,599.42. The Nifty 50 index lost 84.15 points or 0.36% to 23,314.35. In the broader market, the BSE 150 MidCap Index fell 1.04% and the BSE 250 SmallCap Index shed 1.14%. The market breadth was weak. On the BSE, 1,416 shares rose and 2,741 shares fell. A total of 264 shares were unchanged. Initial Public Offer (IPO): Veegaland Developers received bids for 3,37,04,251 shares as against 1,13,07,692 shares on offer, according to stock exchange data at 11:15 IST on 15 September 2026. The issue was subscribed 2.98 times. The issue opened for bidding on 10 September 2026 and will close on 15 September 2026. The price band of the IPO is fixed between Rs 130 and 140 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. Manika Plastech received bids for 8,48,67,804 shares as against 2,13,86,919 shares on offer, according to stock exchange data at 11:15 IST on 15 September 2026. The issue was subscribed 3.97 times. The issue opened for bidding on 11 September 2026 and will close on 16 September 2026. The price band of the IPO is fixed between Rs 40 and 43 per share. An investor can bid for a minimum of 348 equity shares and multiples thereof. Buzzing Index: The Nifty Metal index declined 1.30% to 12,829.55. The index fell 4.39% in the past three trading sessions. Welspun Corp (down 7.06%), Hindustan Copper (down 2.53%), Jindal Stainless (down 2.19%), Jindal Steel (down 2.13%), Vedanta (down 2.09%), Adani Enterprises (down 1.73%), Steel Authority of India (down 1.54%), Hindustan Zinc (down 1.48%), National Aluminium Company (down 1.33%) and APL Apollo Tubes (down 1.32%) tanked. Global Markets: Asian indices were subdued on Tuesday after Wall Street ended lower overnight as investors weighed concerns over the pace of artificial intelligence development, rising oil prices and higher US Treasury yields. Market participants were also cautious ahead of the Federal Reserve's policy meeting this week. AI-related technology stocks remained under pressure after senior industry figures called for a slower pace of AI development amid concerns over the risks associated with rapidly advancing AI systems. Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman and other technology leaders have backed calls for greater caution, triggering a sell-off in AI-linked shares. The weakness was particularly pronounced in semiconductor stocks. Markets were also unsettled by renewed concerns over Middle East energy supplies. Oil prices rose after attacks on Saudi Arabian energy infrastructure disrupted the kingdom's East-West pipeline. Brent crude was around $106.96 a barrel on Tuesday. The higher oil prices have raised concerns that persistent energy inflation could complicate monetary policy decisions. US Treasury yields added to the pressure. The 10-year Treasury yield briefly crossed 5% on Monday for the first time since 2023. Higher yields increase borrowing costs and can put pressure on equity valuations, particularly growth and technology stocks. Investors are now focused on the Federal Reserve's meeting scheduled for this week. Markets are pricing in roughly a 90% probability of a 25-basis-point rate hike, which would be the first increase since 2023. On Wall Street, the Dow Jones Industrial Average fell 0.29% to 52,421.17 on Monday. The S&P 500 declined 0.48% to 7,619.94, while the Nasdaq Composite slipped 0.56% to 26,186.41. The declines followed selling in chipmakers and other AI-linked stocks, although gains in some non-AI sectors limited the broader market losses. First Published: Sep 15 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Yash Highvoltage rose 2.33% to Rs 967.55 on Tuesday after the company said its US subsidiary entered into a strategic representation agreement. Under the agreement, Ensales will represent Yash Highvoltage's products across 19 US territories. Its mandate includes product promotion, marketing and sales representation. The agreement also covers utility homologation and approvals for Yash Highvoltage's products. The partnership aims to strengthen the company's engagement with US utilities and customers. The covered portfolio includes low-voltage high-current bushings rated up to 25,000 amps. It also includes OIP condenser bushings up to 245 kV. The agreement covers RIP and RIS condenser bushings up to 230 kV. These products will be available from 2027 onwards. Yash Highvoltage manufactures condenser graded transformer bushings. Its products cater to the power generation and transmission industry. The company serves transformer manufacturers, utilities and power sector customers globally. It focuses on product innovation, technology and manufacturing quality. Yash Highvoltage is a manufacturer of condenser graded transformer bushings for the power generation and transmission industry. It serves transformer manufacturers, utilities and power sector customers globally, with a focus on advanced bushing technologies and product innovation. On a consolidated basis, the company's net profit rose 57.81% to Rs 23.64 crore on 46.53% increase in net sales to Rs 135.57 crore in H2FY27 over H2FY26. First Published: Sep 15 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 11:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From Adani Electricity Mumbai Diamond Power Infrastructure (DPIL)has received a Letter of Award from Adani Electricity Mumbai (AEML) for the supply of additional medium voltage and low voltage underground power cables for the Mumbai distribution network. The award is valued at Rs 179.43 crore inclusive of GST and covers approximately 871 kms of cable in aggregate 33 kV and 11 kV medium voltage cable together with associated 1.1 kV low voltage cable. Prices are inclusive of packing and forwarding and of freight and transit insurance. The formal purchase order is to be issued by the customer against this Letter of Award. This is the third consecutive year in which DPIL has been awarded this contract. The repeat award reflects AEML's assessment of the Company's catenary continuous vulcanisation (CCV) manufacturing capability, its in-house testing infrastructure and its record of delivery performance on the Mumbai network. DPIL is also an established supplier of power cables to BEST (Brihanmumbai Electric Supply & Transport Undertaking), the city's other major distribution utility. First Published: Sep 15 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Solar Ind to acquire South Africa's Omnia for ?12,951-crore; stock slips 9% First Published: Sep 15 2026 | 11:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KEC International added 1.24% to Rs 411.50 after the company said that it has secured new orders of Rs 1,303 crore across various businesses. The company's transmission & distribution (T&D) business has secured orders for a 400 kV transmission line in Northern India and 380 kV transmission lines in Saudi Arabia. Additionally, it has won a contract to supply towers, hardware, and poles in the Americas. KEC's cables & conductors division has secured various orders in India and the overseas market. Vimal Kejriwal, MD & CEO, KEC International, commented: "We are delighted with the new order wins, amidst a challenging environment. Our India T&D business has secured a prestigious order from an existing private client for a transmission line project to evacuate power from a hydroelectric plant in Northern India. The International T&D business has further strengthened its presence in the Middle East with multiple order wins in Saudi Arabia. The outlook for our T&D business remains robust driven by these orders, a strong L1 position, a large pipeline of opportunities and sustained demand across our key markets. With these orders, our YTD order intake stands at over Rs 7,600 crore." KEC International is a global infrastructure EPC company and part of the RPG Group. It operates across the power transmission and distribution, civil, transportation, renewables, oil & gas pipelines, and cables businesses. The company reported 42% fall in consolidated net profit to Rs 73 crore in Q1 FY27 from Rs 125 crore in Q1 FY26. Revenue for the period under review remained flat at Rs 5,024 crore. First Published: Sep 15 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian IT stocks rallied sharply on Tuesday as concerns over AI-driven disruption eased. The Nifty IT index surged 4.02% to 30,084.20. HCL Technologies led the gains, rising 5.96%, followed by Mphasis at 5.16%. Tech Mahindra advanced 4.93%, while Infosys and TCS gained 4.53% and 4.50%, respectively. LTIMindtree rose 4.40%, while Wipro and Persistent Systems gained 2.99% and 2.66%. Oracle Financial Services Software rose 1.59%. Coforge was the only laggard among the listed stocks, declining 1.49%. The buying followed calls from senior AI industry executives for greater caution over the pace of AI development. Anthropic CEO Dario Amodei urged AI companies to slow the advancement of model capabilities. Amodei warned that increasingly capable AI agents could create significant economic damage if misused. He also proposed measures aimed at improving oversight of advanced AI systems. xAI chief Elon Musk backed Amodei's call for a slower pace of AI development. OpenAI CEO Sam Altman also supported the need to pace progress at the AI frontier. Altman said the industry must avoid losing control of AI's development. He also warned against excessive concentration of power among countries or individual AI companies. The comments eased concerns that rapid AI adoption could accelerate disruption across traditional IT services. Indian IT companies have faced investor concerns over the potential impact of AI on their business models. Earlier, a foriegn broker had identified India as an "anti-AI" diversifier for global investors. The brokerage said AI-related rotation outflows from India had largely played out. Market participants also cited the possibility of tighter AI regulation as a positive for Indian IT stocks. A shift towards responsible and regulated AI use could reduce fears of unchecked disruption. However, broader macroeconomic risks remain. The Federal Reserve is scheduled to announce its policy decision on Wednesday. Higher US interest rates could weigh on discretionary technology spending. Indian IT companies generate a significant share of their revenue from US clients. Therefore, weaker technology spending and higher borrowing costs remain key risks for the sector. First Published: Sep 15 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zensar Technologies Ltd clocked volume of 15.01 lakh shares by 10:45 IST on BSE, a 30.22 times surge over two-week average daily volume of 49666 shares Tata Investment Corporation Ltd, Firstsource Solutions Ltd, Afcons Infrastructure Ltd, Birlasoft Ltd are among the other stocks to see a surge in volumes on BSE today, 15 September 2026. Zensar Technologies Ltd clocked volume of 15.01 lakh shares by 10:45 IST on BSE, a 30.22 times surge over two-week average daily volume of 49666 shares. The stock gained 12.74% to Rs.479.30. Volumes stood at 1.01 lakh shares in the last session. Tata Investment Corporation Ltd witnessed volume of 12.84 lakh shares by 10:45 IST on BSE, a 20.11 times surge over two-week average daily volume of 63851 shares. The stock increased 10.16% to Rs.717.20. Volumes stood at 57392 shares in the last session. Firstsource Solutions Ltd recorded volume of 7.16 lakh shares by 10:45 IST on BSE, a 14.4 times surge over two-week average daily volume of 49719 shares. The stock gained 15.89% to Rs.287.05. Volumes stood at 76633 shares in the last session. Afcons Infrastructure Ltd witnessed volume of 15.11 lakh shares by 10:45 IST on BSE, a 11.59 times surge over two-week average daily volume of 1.30 lakh shares. The stock increased 15.00% to Rs.292.05. Volumes stood at 1.34 lakh shares in the last session. Birlasoft Ltd notched up volume of 5.02 lakh shares by 10:45 IST on BSE, a 4.51 fold spurt over two-week average daily volume of 1.11 lakh shares. The stock rose 4.03% to Rs.293.00. Volumes stood at 2.64 lakh shares in the last session. First Published: Sep 15 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 10:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 10:30 IST, the barometer index, the S&P BSE Sensex, declined 73.38 points or 0.09% to 74,708.38. The Nifty 50 index lost 37.70 points or 0.16% to 23,362.25. In the broader market, the BSE 150 MidCap Index fell 0.70% and the BSE 250 SmallCap Index shed 0.75%. The market breadth was negative. On the BSE, 1,499 shares rose and 2,494 shares fell. A total of 286 shares were unchanged. Economy: Indias consumer price inflation rose to 4.82% in August from 4.45% in July, Indias Ministry of Statistics and Program Implementation said in a Monday release, adding to pressure on the countrys central bank to raise key benchmark rates. Indias food inflation climbed to 5.95% in August from 5.52% a month ago. Goods transport service inflation rose the sharpest to over 14% in August, while personal transport inflation rose over 7%, the release said. Wholesale price-based inflation rose to 9.92% in August, compared to 9.78% in July, on rising prices of food, manufactured items, and fuel and power. Inflation in the food index rose to 7.05% in August, from 6.65% in July. In manufactured items, WPI inflation was at a series high of 8.37%, higher than 8.29% in July. In the fuel and power basket, wholesale price index (WPI)-based inflation was 22.93%. New Listings: Shares of Pranav Constructions were currently trading at Rs 136.45 at 10:22 IST on the BSE, representing a premium of 9.52% as compared with the issue price of Rs 124. The stock debuted at Rs 162 on the BSE, a premium of 30.65% over its issue price. So far, the stock has hit a high of Rs 164.50 and a low of Rs 129.60. On the BSE, over 45.08 lakh shares of the company were traded in the counter so far. Buzzing Index: The Nifty Realty index fell 1.79% to 833.30. The index tanked 9.33% in the seven consecutive trading sessions. Godrej Properties (down 3.23%), Aditya Birla Real Estate (down 2.72%), Prestige Estates Projects (down 2.56%), Lodha Developers (down 1.99%) and DLF (down 1.55%), Oberoi Realty (down 1.46%), Phoenix Mills (down 1.23%), Sobha (down 0.76%), Brigade Enterprises (down 0.7%) and Anant Raj (down 0.27%) fell. First Published: Sep 15 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Apana Logistics traded at Rs 60 on the BSE, matching the issue price of Rs 60. The counter hit a high of Rs 60 and a low of Rs 60. About 4.10 lakh shares of the company changed hands at the counter. Apana Logistics' IPO was subscribed 1.24 times. The issue opened for bidding on 7 September 2026 and closed on 9 September 2026. The issue price of the IPO was fixed at Rs 60 per share. The IPO comprised fresh issue of 59,90,000 equity shares. The company intends to utilise the net proceeds from the issue for funding capital expenditure requirement of company towards purchase of reach stackers and general corporate purposes. Apana Logistics is engaged in the business of providing logistics solutions for handling and transportation of containers, wherein the fleet is inclusive of reach stackers, forklifts, truck-trailers (TT). The companys service offering is diversified and includes, container handling at CFS/ICD/port, road transportation, cargo handling at third-party warehouses, and operation & maintenance of trucks-trailers (TT). As of 31 August 2025, the company has 85 permanent employees. The company recorded revenue from operations of Rs 21.43 crore and net profit of Rs 3.10 crore for the financial year ended 31 March 2026. First Published: Sep 15 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Pranav Constructions were currently trading at Rs 136.45 at 10:22 IST on the BSE, representing a premium of 9.52% as compared with the issue price of Rs 124. The stock debuted at Rs 162 on the BSE, a premium of 30.65% over its issue price. So far, the stock has hit a high of Rs 164.50 and a low of Rs 129.60. On the BSE, over 45.08 lakh shares of the company were traded in the counter so far. Pranav Constructions was subscribed 121 times. The issue opened for bidding on 7 September 2026 and closed on 9 September 2026. The price band of the IPO is fixed between Rs 118 and 124 per share. The offer comprised a fresh issue of equity shares of Rs 10 each aggregating to Rs 316 crore and an offer for sale of 2856869 equity shares by BioUrja India Infra, an investor selling shareholder. Of the net proceeds from the fresh issue, the company intends to use Rs 145.718 crore to meet the funding costs towards obtaining government and statutory approvals and purchase of additional FSI as per applicable laws and cost towards compensation to members towards alternate accommodation and hardship compensation in relation to the development of certain under-construction/upcoming redevelopment projects; Rs 91.5 crore towards prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the company; and the balance towards general corporate purposes. Pranav Constructions is a Mumbai-focused real estate developer specializing in pure-play redevelopment projects, primarily in the western suburbs of the MCGM region. The company operates across economical, mid and mass- and aspirational housing segments under the PCPL brand. As of March 2026, it had 65 redevelopment projects across the MCGM region, including completed, under-construction and upcoming projects. Ahead of the IPO, Pranav Constructions, on 04 August 2026, raised Rs 84.24 crore from anchor investors. The board allotted 67.94 lakh shares at Rs 124 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 71.32 crore and sales of Rs 761.60 crore for the twelve months ended on 31 March 2026. First Published: Sep 15 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Select Tata Group stocks were in demand on Tuesday, 15 September 2026, following renewed focus on a potential Tata Sons listing. Tata Chemicals surged 20%, while Tata Investment Corporation gained 12.43%. TMPV advanced 4.47%, while TCS rose 3.83%. Indian Hotels Company gained 1.01%. Tata Power rose 0.84%, while Voltas advanced 0.78%. Tata Consumer Products gained 0.58% amid the broader buying interest in Tata Group stocks. Tata Sons is the principal investment holding company and promoter of Tata Group companies. The RBI's decision has renewed focus on Tata Sons' listing obligations. Tata Sons is classified as an NBFC-Upper Layer entity. Under RBI rules, applicable NBFC-Upper Layer entities are required to list within the prescribed timeframe. Tata Sons had sought to exit the CIC framework. The rejected application removes one potential route to avoid the listing requirement. The development is significant for listed Tata companies holding shares in Tata Sons. A listing could provide market-based price discovery for those holdings. Tata Steel and TMPV each hold about 3.06% in Tata Sons. Tata Chemicals holds about 2.53% in the holding company. Tata Power holds about 1.65%, while Indian Hotels Company holds about 1.11%. Tata Consumer Products holds about 0.43%. Tata Investment Corporation holds about 0.25% in Tata Sons. These seven listed companies collectively hold about 12.1%. Afcons Infrastructure (up 13.47%) also came into focus because of its connection with the Shapoorji Pallonji Group. Afcons Infrastructure is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group. The Shapoorji Pallonji Group and its promoter entities hold about 18.37% in Tata Sons. Afcons Infrastructure itself does not directly hold this Tata Sons stake. The potential Tata Sons listing could therefore remain an important market trigger. Investors are assessing its possible impact on listed Tata shareholders. First Published: Sep 15 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Muthoot Microfin said that it has raised Rs 250 crore through the allotment of listed, rated, secured and redeemable non-convertible debentures (NCDs) on a private placement basis. The instruments are secured by a first-ranking, exclusive charge over the company's receivables. The NCDs will be listed on BSE Limited. This latest fund raise forms part of Muthoot Microfin's continued strategy to strengthen its funding profile, diversify its liability mix, and optimise its overall cost of borrowing. As part of this issuance, the company has allotted 2,50,000 NCDs of Rs 10,000 each, aggregating to Rs 250 crore, with a tenure of 24 months and a coupon rate of 9.25% per annum, payable monthly. Sadaf Sayeed, CEO, Muthoot Microfin, said: "The Rs 250 crore fund raise is an important step towards strengthening our funding profile and maintaining access to diversified sources of capital. Over the medium term, this will also support our focus on strengthening margins while continuing to grow responsibly and serve more customers across our markets." Muthoot Microfin is a part of Muthoot Pappachan Group (also known as Muthoot Blue) and is one of the leading listed MFIs in India. As on 30 June 2026, the company has 3.25 million active customers served through 1,671 branches spread across 21 states and 392 districts with a gross loan portfolio (GLP) of Rs 14,457.2 crore. The company's net profit had surged to Rs 81.3 crore in Q1 FY27 from Rs 6.2 crore in Q1 FY26. Total income for the period under review was Rs 670.6 crore, up 20% YoY. The scrip fell 1.04% to currently trade at Rs 194.20 on the BSE. First Published: Sep 15 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PTC Industries Ltd has added 21.79% over last one month compared to 3.83% fall in BSE Capital Goods index and 3.38% drop in the SENSEX PTC Industries Ltd fell 2.07% today to trade at Rs 23200.85. The BSE Capital Goods index is down 0.63% to quote at 77053.37. The index is down 3.83 % over last one month. Among the other constituents of the index, GE Vernova T&D India Ltd decreased 1.98% and Hitachi Energy India Ltd lost 1.75% on the day. The BSE Capital Goods index went up 9.9 % over last one year compared to the 7.85% fall in benchmark SENSEX. PTC Industries Ltd has added 21.79% over last one month compared to 3.83% fall in BSE Capital Goods index and 3.38% drop in the SENSEX. On the BSE, 209 shares were traded in the counter so far compared with average daily volumes of 3453 shares in the past one month. The stock hit a record high of Rs 24143 on 04 Sep 2026. The stock hit a 52-week low of Rs 13798.1 on 11 Sep 2025. First Published: Sep 15 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Quick Heal Technologies Ltd has added 11.26% over last one month compared to 4.93% fall in BSE Information Technology index and 3.38% drop in the SENSEX Quick Heal Technologies Ltd gained 13.83% today to trade at Rs 167.5. The BSE Information Technology index is up 2.92% to quote at 28635.24. The index is down 4.93 % over last one month. Among the other constituents of the index, eMudhra Ltd increased 13.74% and Innovana Thinklabs Ltd added 6.95% on the day. The BSE Information Technology index went down 18.79 % over last one year compared to the 7.85% fall in benchmark SENSEX. Quick Heal Technologies Ltd has added 11.26% over last one month compared to 4.93% fall in BSE Information Technology index and 3.38% drop in the SENSEX. On the BSE, 1253 shares were traded in the counter so far compared with average daily volumes of 11874 shares in the past one month. The stock hit a record high of Rs 371 on 16 Oct 2025. The stock hit a 52-week low of Rs 125 on 30 Mar 2026. First Published: Sep 15 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Afcom Holdings has signed a long-term Aviation Fuel Supply Agreement with Hindustan Petroleum Corporation (HPCL). The agreement, effective 1 September 2026, is structured on IATA Model Terms and supported by a Location Agreement covering HPCL's aviation fuel network in India providing Afcom with a secured and competitively priced supply of aviation turbine fuel. Under the agreement, HPCL will supply Jet A-1 aviation turbine fuel to support Afcom's operational requirements across HPCL's pan-India aviation fuelling network. The partnership provides quality assurance as per IS 1571:2008, streamlined coordination through a single supply framework, and operational flexibility to support Afcom's current and future network requirements. First Published: Sep 15 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank records best single-day gain in over 2 months; stock up 3% First Published: Sep 15 2026 | 10:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ITCONS e-Solutions has bagged a new contract by the Indian Navy, Department of Military Affairs, Ministry of Defence to provide 11 resources for a period of Two (2) year. The total contract value is Rs 83.05 lakh inclusive of all taxes and duties. The contract is scheduled to commence on 20 September 2026 and shall remain in force until September 20, 2028 unless extended further by mutual agreement between the parties. First Published: Sep 15 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KEC International has secured new orders of Rs. 1,303 crore across various businesses: Transmission & Distribution (T&D): The business has secured orders for T&D projects across India, the Middle East and the Americas: Cables & Conductors: The business has secured various orders in India and the overseas market. First Published: Sep 15 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 9:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indias food inflation climbed to 5.95% in August from 5.52% a month ago. Goods transport service inflation rose the sharpest to over 14% in August, while personal transport inflation rose over 7%, the release said. Wholesale price-based inflation rose to 9.92% in August, compared to 9.78% in July, on rising prices of food, manufactured items, and fuel and power. Inflation in the food index rose to 7.05% in August, from 6.65% in July. In manufactured items, WPI inflation was at a series high of 8.37%, higher than 8.29% in July. In the fuel and power basket, wholesale price index (WPI)-based inflation was 22.93%. First Published: Sep 15 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Muthoot Microfin has raised Rs 250 crore through the allotment of listed, rated, secured and redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The NCDs will be listed on BSE. This latest fund raise forms part of Muthoot Microfin's continued strategy to strengthen its funding profile, diversify its liability mix, and optimise its overall cost of borrowing. As part of this issuance, the Company has allotted 2,50,000 NCDs of Rs 10,000 each, aggregating to Rs 250 crore, with a tenure of 24 months and a coupon rate of 9.25% per annum, payable monthly First Published: Sep 15 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities in F&O Ban: Shares of Inox Wind, Kaynes Technology India, Bandhan Bank and SAIL are banned from F&O trading on 15 September 2026. New Listings: Pranav Constructions will list on the stock exchanges today. The IPO was subscribed 121 times. The offer received bids for 271.80 crore shares as against 2.24 crore shares on offer. The issue opened for bidding on 7 September 2026 and will close on 9 September 2026. Stocks to Watch: Nova Iron & Steel reported a 61.1% YoY decline in net profit to Rs 0.86 crore in Q1 from Rs 2.2 crore, while revenue declined 40.3% YoY to Rs 67.5 crore from Rs 113 crore. Lalithaa Jewellery Mart reported a 21.6% YoY decline in consolidated net profit to Rs 208.2 crore from Rs 265.6 crore, while revenue rose 26% YoY to Rs 6,031.2 crore from Rs 4,786.1 crore. HDFC Bank announced that its Board has approved the appointment of the Managing Director & Chief Executive Officer by submitting names of two candidates in order of preference, along with proposed remuneration, to the RBI for approval for a three-year term. The Board also approved the re-appointment of V Srinivasa Rangan and Jimmy Tata as Whole-time Directors, designated as Executive Directors, for a three-year term. Solar Industries India announced that its subsidiary, Solar SA Investments Proprietary, has signed definitive agreements with Omnia Holdings for the acquisition of all outstanding shares of Omnia for US$1.355 billion (Rs 12,951 crore). KEC International announced that it has secured new orders worth Rs 1,303 crore for transmission & distribution projects across India, the Middle East and the Americas. With these orders, its year-to-date order intake has risen to over Rs 7,600 crore. Info Edge (India) announced that Himanshu Agarwal has joined the company as Chief Financial Officer and Additional Director with effect from September 17. Ambarish Raghuvanshi's tenure as Interim CFO and KMP will conclude with effect from September 16. Jubilant Pharmova announced that the USFDA has concluded its review of the Establishment Inspection Report (EIR) for the inspection conducted at Jubilant HollisterStier LLC's CMO facility in Spokane, Washington, from June 8 to June 17, 2026, and classified the facility as Voluntary Action Indicated (VAI). Dr Reddys Laboratories announced that the USFDA has completed a records assessment at its API manufacturing facility in Mexico and issued a Form FDA 2953 containing two observations. The assessment was conducted from July 17 to September 8, 2026. Aurobindo Pharma announced that the USFDA inspected Unit-IV, an API manufacturing facility of its subsidiary Apitoria Pharma, in Srikakulam, Andhra Pradesh, from September 7 to September 11, 2026. The inspection concluded with zero observations. First Published: Sep 15 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty September 2026 futures were up 12.50 points, indicating a mildly positive start for the Nifty 50. Indias wholesale inflation rose to 9.92% YoY in August 2026 from 9.78% in July, driven by higher fuel, manufacturing and food prices. Headline inflation also increased to 4.82% from 4.45%, amid higher energy costs and rupee pressure, but remained within the RBIs 2%-6% tolerance range. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 930.90 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,968.17 crore in the Indian equity market on 11 September 2026, according to provisional data. FPIs sold shares worth Rs 14474.82 crore in September so far, through 11 September 2026. This follows net cash purchases of Rs 17,366 crore in August 2026, while they were net buyers of Rs 6,731.97 crore in July 2026. Global Markets: Asian indices were subdued on Tuesday, 15 September 2026, after Wall Street ended lower overnight as investors weighed concerns over the pace of artificial intelligence development, rising oil prices and higher US Treasury yields. Market participants were also cautious ahead of the Federal Reserve's policy meeting this week. AI-related technology stocks remained under pressure after senior industry figures called for a slower pace of AI development amid concerns over the risks associated with rapidly advancing AI systems. Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman and other technology leaders have backed calls for greater caution, triggering a sell-off in AI-linked shares. The weakness was particularly pronounced in semiconductor stocks. Markets were also unsettled by renewed concerns over Middle East energy supplies. Oil prices rose after attacks on Saudi Arabian energy infrastructure disrupted the kingdom's East-West pipeline. Brent crude was around $106.96 a barrel on Tuesday. The higher oil prices have raised concerns that persistent energy inflation could complicate monetary policy decisions. US Treasury yields added to the pressure. The 10-year Treasury yield briefly crossed 5% on Monday for the first time since 2023. Higher yields increase borrowing costs and can put pressure on equity valuations, particularly growth and technology stocks. Investors are now focused on the Federal Reserve's meeting scheduled for this week. Markets are pricing in roughly a 90% probability of a 25-basis-point rate hike, which would be the first increase since 2023. On Wall Street, the Dow Jones Industrial Average fell 0.29% to 52,421.17 on Monday. The S&P 500 declined 0.48% to 7,619.94, while the Nasdaq Composite slipped 0.56% to 26,186.41. The declines followed selling in chipmakers and other AI-linked stocks, although gains in some non-AI sectors limited the broader market losses. Domestic Market: Indian equity markets remained closed on Monday, 14 September 2026, for Ganesh Chaturthi. In the previous session on Friday, the Sensex fell 120.83 points, or 0.16%, to 74,781.76, while the Nifty declined 79.70 points, or 0.34%, to 23,398.10. Rising crude oil prices, Middle East tensions, higher US Treasury yields and concerns over persistent US inflation weighed on sentiment. First Published: Sep 15 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 15 2026 | 9:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 15 2026 | 8:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Till now, Meta used to report instances of CSAM only to a US organisation, the National Center for Missing & Exploited Children (NCMEC), which would then co-ordinate with other agencies across the world and work on tracking down the abusers First Published: Sep 15 2026 | 8:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 15 2026 | 8:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian shares struggled on Tuesday as investors weighed West Asia tensions and calls by industry figures for a slowdown in AI development, while elevated oil prices and higher bond yields added to caution before key central bank meetings in the US and Japan. Yemen's Iran-aligned Houthis launched a new attack on Saudi Arabia on Monday, after Riyadh blamed Iran-backed fighters in Iraq for an ?attack on the kingdom's east-west pipeline that it said could disrupt as much as 4% of global oil supply. Gulf Arab states also postponed planned talks with Iran. Renewed supply concerns kept markets on edge, with US crude rising 1.27% to $102.68 a barrel while Brent was up 1.21% to $106.96 per barrel. "Markets are likely to remain focused on the risk that higher crude oil prices could add to inflationary pressures and, in turn, push interest rates higher," said Yokoo Akihiko, analyst at Mitsubishi UFJ Bank, in a note. Calls by leading AI figures to slow development continued to reverberate through markets even as US President Donald Trump played down concerns over misuse of the technology, saying existing US safeguards were adequate and that China would benefit from doubts over AI development. MSCI's broadest index of Asia-Pacific shares outside Japan was down ?0.12%, led by South Korea's 0.25% dip. Japan's Nikkei edged 0.19% higher after reversing early losses. Chip-related shares were mixed, with South Korea's Samsung Electronics losing 0.2% while Japan's Kioxia gained 3.3%. The Federal Open Market Committee begins its two-day meeting later in the day, with markets pricing in a 90% chance of a rate hike that would mark the Fed's first increase since mid-2023. "While inflation continues to decelerate, recent upside surprises mean the pace of disinflation has been slower and less convincing than" the Fed likely requires, analysts at Morgan Stanley said in a report, expecting a 25 basis-point hike on Wednesday and in December. "We see arguments for both a hike and a hold, but signs of second-round effects from energy prices, strong demand tied ?to AI-related investment, a neutral rate that is possibly temporarily higher, and concerns about credibility mean the balance of risks now argues for a somewhat more restrictive policy." Overnight, benchmark 10-year US Treasury yields touched 5% for the first time since 2023, while ?Germany's 10-year bond yield climbed above 3.51%, its highest level since 2009. On Tuesday, Japan's benchmark 10-year government bond yield popped back ?to 3%. The Bank of Japan is widely expected to raise its interest rate by 25 basis points to 1.25% at the end of its two-day meeting on Friday and signal more tightening ahead. Policymakers are seeking to shore ?up the yen after intervention helped steer the currency away from a 40-year low. In currency markets, the dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.05% to 99.53, with the ?euro down 0.03% at $1.1543. Against the Japanese yen, the dollar advanced 0.17% to 154.61. Spot gold eased 0.15% to $4,291.59 an ounce, while spot silver fell 0.31% to $63.03 an ounce. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 15 2026 | 8:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 14 2026 | 10:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 14 2026 | 10:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
O P Bhatt resigned as chairman of Coforge on September 8 This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ather Energy This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ather Energy This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Homegrown FMCG major Emami on Monday said its board will meet this week to consider a buyback of the company's fully paid-up equity shares. The Kolkata-headquartered company did not disclose the size or price of the proposed buyback. "Notice is hereby given... that the meeting of Board of Directors of the Company is scheduled to be held on September 17, 2026 to consider, inter alia, a proposal of buyback of the fully paid-up equity shares of the company, including matters related/incidental thereto," Emami said in a regulatory filing. The company said it will intimate the stock exchanges of the outcome of the board meeting after its conclusion on September 17. Shares of Emami closed at Rs 364.35 on Friday on the BSE. The stock had touched a 52-week high of Rs 612.40 on September 18, 2025, and a 52-week low of Rs 361.25 on September 1, 2026. In FY26, Emami's revenue was Rs 3,048.26 crore. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 14 2026 | 7:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
United Breweries, UBBL, Beer market This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 14 2026 | 6:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 14 2026 | 6:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 14 2026 | 5:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 14 2026 | 5:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 14 2026 | 5:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Apple's higher iPhone prices could push more Indian consumers towards refurbished and second-hand models First Published: Sep 14 2026 | 4:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Skoda Kylaq This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Chevron is looking to expand its global gas portfolio from Argentina to the Mediterranean to meet growing demand from buyers concerned about energy security due to the crisis in the West Asia, President of Global Gas Freeman Shaheen said. Global gas markets have experienced two major disruptions in the past four years as the Ukraine war in 2022 and the Iran ?conflict this year cut off supplies from top producers Russia and Qatar and drove liquefied natural gas prices higher. "What we're seeing from this crisis is that it just reinforces the need for diversity - diversity of supply and diversity of different contracting structures," Shaheen said, adding, "and not leaving yourselves susceptible to a spot market that's not really as liquid as crude and products." Chevron will have about 20 million metric tons per annum of LNG supply capacity comprising 16 million tons of net gas production from its projects and 4 million tons contracted from the US Gulf Coast that commenced in February this year and will ramp up over the next few years in line with agreements. "We're looking to continue to expand that portfolio," Shaheen said in an interview on the sidelines of the Gastech conference in Bangkok. "There's great ?prospects out of Argentina with the development of crude and gas in that marketplace. The East Mediterranean is a very exciting area for us as well." He also sees further opportunities in Australia and Africa, provided the projects offer the right capital, fiscal and regulatory terms, adding that the US-Iran war has reinforced the need for a diversified gas portfolio. Shaheen did not elaborate on where in Africa, Australia or the eastern Mediterranean the company might expand. In June, Chevron won approval to become operator and lead gas exploration in an offshore block off Greece, expanding its presence there. However, these opportunities have to be weighed against Venezuela, where Chevron and its partners would invest more than $7 billion to more than double oil output by 2031. "I've been hearing ?that Venezuela has a lot of capital that's going to have to go that way coming up," Shaheen told Reuters. "Everything is going to get analysed in our project queue and it gets ranked." Chevron already has significant operations in Australia, running the ?country's largest LNG project, Gorgon, and the Wheatstone project. A large portion of its Australian supply goes to Japan. "Japan continues to be ?our home base, and we have nice structural opportunities into Singapore," Shaheen said, adding that China and Korea remain attractive markets. In Singapore, Chevron inked a deal in 2024 to supply Sembcorp Industries up to 0.6 million tons per annum ?of LNG from 2028. LNG buyers are also changing the way they secure supply, he said, with state-backed importers increasingly willing to sign contracts with portfolio suppliers rather than relying on government-to-government arrangements. "I'd love to have a deal in India. It's ?just they're very, very headline-price driven," Shaheen said. "I think India is still evolving. There's going to be great opportunities over time." (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 14 2026 | 1:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RBI will sell government securities worth ?1 trillion in three tranches as it moves to absorb excess banking liquidity and steady money-market rates. First Published: Sep 14 2026 | 1:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RBI will sell government securities worth ?1 trillion in three tranches as it moves to absorb excess banking liquidity and steady money-market rates. First Published: Sep 14 2026 | 1:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RBI will sell government securities worth ?1 trillion in three tranches as it moves to absorb excess banking liquidity and steady money-market rates. First Published: Sep 14 2026 | 1:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RBI will sell government securities worth ?1 trillion in three tranches as it moves to absorb excess banking liquidity and steady money-market rates. First Published: Sep 14 2026 | 1:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RBI will sell government securities worth ?1 trillion in three tranches as it moves to absorb excess banking liquidity and steady money-market rates. First Published: Sep 14 2026 | 1:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 14 2026 | 1:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 14 2026 | 12:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 14 2026 | 12:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brent at $108 a Barrel: How Higher Oil Prices Could Hit India’s Economy and Markets First Published: Sep 14 2026 | 12:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's Essar Group has acquired UK petrol station operator SGN Retail, adding 118 sites as it seeks to expand its fuel retail ?network to 800 outlets by 2031, the company said on Monday. The acquisition will take the number of petrol stations operated by Essar Energy Transition Retail (EET Retail) to 235, it said. EET Retail is part of Essar Energy Transition Fuels, which operates the 200,000-barrel-per-day Stanlow refinery in the United Kingdom. "This ?acquisition accelerates our plan to build a nationwide, vertically integrated platform of 800 sites, backed by direct refinery supply and delivering competitive prices at the pump for UK motorists," said Arvan Ruia, chief executive of EET Retail. The deal is worth £400 million to £450 million ($540.04 million to $607.55 million), ?two sources with knowledge of the matter said, speaking on condition of anonymity. An Essar ?spokesperson declined to comment on the deal value. EET ?Retail said the acquisition would be funded through cash and a £250-million senior debt facility ?from banks including First Abu Dhabi Bank, Macquarie Bank, Mizrahi Tefahot Bank, Royal Bank of Canada and SMBC ?Bank International. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 14 2026 | 12:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 14 2026 | 12:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The conflict in Yemen intensified on Sunday, as government forces launched attacks against Iran-backed Houthi rebels along the Red Sea and Houthis fired into neighbouring Saudi Arabia, which supports Yemen's government. The Yemeni government vowed to send more forces to the Red Sea coast and one official conceded a "painful" defeat last week when Houthis captured the port city of Mokha and an island on the Bab el-Mandeb Strait, a crucial shipping alternative to the Strait of Hormuz. The escalation -- especially Houthi attacks on Saudi oil infrastructure and its shipping in the Red Sea -- adds pressure on global oil supplies and prices, and that could give Iran leverage in its war with the United States. As Yemen risks descending into another civil war, the United Nations estimated that more than 80,000 people in the impoverished country have been displaced by the fighting since the start of September. One woman said a mortar shell fell nearby as she fled in the middle of the night from the town of Khawkha in Hodeida province along the Red Sea, shortly before it was captured by Houthis. "I saw with my own eyes cars and buses burning, and bodies of children and women were lying on the road in a horrific scene," said the woman, who spoke on condition of anonymity out of concern for her and her family's safety. Houthis claim attacks against Saudi Arabia Saudi authorities sounded sirens Sunday afternoon in the southern city of Abha and Khamis Mushait province, warning residents to take shelter from potential incoming fire. Both areas were repeatedly attacked by the Houthi in recent weeks. The Houthis claimed to have used drones and missiles to target Saudi Arabia, including a military base just over the border with Yemen. Houthi military spokesperson Brig. Gen. Yahya Saree didn't provide evidence or say when the attack occurred. The Saudi civil defence overnight said a projectile fell in a different area near the border with Yemen along the Red Sea, injuring two people and damaging a mosque and several other buildings. The statement blamed the Houthis. Saudi Arabia did not announce any new attacks targeting the Houthis. The Houthis are targeting Saudi oil infrastructure and shipping as part of a recently declared blockade, but they have said they do not intend to threaten other countries' commercial shipping. Yemen says 500 soldiers killed as it vows to fight back The National Resistance, a government-allied force that had controlled coastal areas, said more than 500 government fighters were killed on the west coast over the past four weeks -- its first comprehensive toll. It also said more than 1,000 Houthis had been killed in Hodeida and Taiz provinces. A spokesman for the Houthis didn't respond to a request for comment. Yemen is home to over 40 million people who fear a return to the civil war that began more than a decade ago and killed 150,000, bringing many others to the brink of famine. Yemen's internationally recognised government and Saudi Arabia have been battling the Houthis for 12 years. A ceasefire that began in 2022 had mostly halted the fighting. A senior government official in Yemen said its forces will return to the Red Sea coast and fight back. People fleeing the Houthi advance told The Associated Press they saw forces withdrawing and urging people to run. Sultan al-Arada, a member of the ruling presidential leadership council, described the collapse of government forces in the port city of Mokha and elsewhere on Yemen's west coast as "painful and regrettable." He said in the televised interview aired late Saturday that forces "are currently regrouping and will return to the battle." On Sunday, Rashad al-Alimi, who leads the presidential council, sought to downplay the defeats as "incidental," according to comments published by the country's state-run SABA news agency. The government, he said, "will remain clear and fixed on the goal of retrieving (state) institutions and of reclaiming sovereignty over all national territories." On Sunday, the Yemeni military said it launched airstrikes on Houthi positions in Mokha, the coastal town of Dhubab and elsewhere in Taiz province. The rebels reported strikes by the Saudi-backed forces in Taiz province and artillery shelling in Saada province, a Houthi stronghold on Yemen's northern border with Saudi Arabia. The advance puts Houthis closer to a major US base in Djibouti The Houthis' advance puts them just 32 kilometres from the US military base in Djibouti, on the other side of the Bab el-Mandeb Strait. It's the main US base in Africa and one of several foreign military bases in Djibouti, including those of China, France and Japan. The small Horn of Africa nation is already seeing the arrival of displaced Yemenis making the perilous water crossing. More than 2,000 Yemenis have reached Djibouti, the International Organisation for Migration said Sunday. Djibouti's Economy and Finance Minister Ilyas M Dawaleh, said on X that the country's navy, coast guard and other specialized agencies were conducting rescue operations and providing emergency assistance. Yemenis displaced by fighting worry about their survival The UN migration agency said Sunday that more than 82,000 people in Yemen have been displaced since the beginning of September. "The displaced people are in a very bad condition," said Ahmad al-Masawi, the director of the Al Salam camp in the southern port city of Aden, who appealed to international organisations for assistance. "They left their homes quickly without any clothing or anything. They are crammed in camps, houses and even on roads." Hussein Haydara sat outside a shelter at the camp in a white undershirt, as his children waited to be assigned to a tent. He worried about how far the shelter is from schools, hospitals and markets, and wondered how they will survive the next weeks or months. Haydara had fled his home in Hodeida once before, when the Houthis took it over in 2015. But this time feels more precarious. "With the first displacement, we had time to plan things but this time we were forced to escape all of a sudden. One could hardly take their children and the lightest stuff possible," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 14 2026 | 11:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
President Donald Trump had been hearing the message loud and clear for weeks about the sweeping cryptocurrency bill being written in the Senate: to get it across the line, he would have to agree to ethics provisions that apply to him, too. First, Trump agreed to a measure that would bar him and his wife from issuing the types of meme coins that they swiftly launched as he prepared to return to the White House for a second time. And then another concession came late Sunday, when Republicans said Trump consented to a tougher ethics proposal that several key senators had demanded. Now, a pivotal Senate vote on the cryptocurrency bill on Tuesday could mark a watershed moment for the $2.3 trillion market - but it hinges mainly on whether those sign-offs from Trump go far enough. That vote could determine whether Washington cements crypto legitimacy into law or whether a frustrated, deep-pocketed industry could unleash even more campaign cash in the midterm elections. "A vote against the Clarity Act isn't a principled stand against President Trump," Sen. Cynthia Lummis, R-Wyo., the lead author of the crypto bill, told The Associated Press. "It's a vote against implementing tough restrictions on politicians for crypto investments." Crypto bill's fate hangs on Trump-focused ethics fight The president has amassed significant amounts of crypto wealth while in office, complicating dynamics for senators drafting legislation to try to bring the fledgling digital assets industry into the mainstream. With that in mind, Lummis and Sen. Bernie Moreno, R-Ohio, went to the White House for a meeting in mid-July and told Trump that he would have to abide by conflict-of-interest restrictions to get key Democrats on board with the bill. The president agreed - with surprisingly little pushback, according to two people with knowledge of the Oval Office discussion, who spoke on condition of anonymity to describe the private talks. The language presented in that meeting by Lummis, a longtime crypto backer steeped in the intricacies of digital asset policy, and Moreno, a blockchain entrepreneur and luxury car dealer known for his persuasive sales pitch, would bar all federally elected officials and their spouses, as well as federal judges, from issuing digital assets. That would mean Trump would no longer be able to sponsor the type of meme coin he launched on the cusp of his second inauguration last January, nor would his wife, first lady Melania Trump, who also has a token. But Sen. Ruben Gallego, D-Ariz., and Sen. Thom Tillis, R-N.C., then presented an additional proposal to the White House that went further. It would require the president to put his crypto holdings in a blind trust, and divest when those holdings reach a certain value, according to two other people with direct knowledge of the language. They spoke on condition of anonymity to discuss private negotiations. It would also allow state attorneys general to step in and enforce the law in addition to the Justice Department - a critical provision for Democrats who say they would not be able to trust a Trump-appointed attorney general to enforce any conflict-of-interest provision against the president. That proposal could, in theory, force Trump to divest from ventures such as World Liberty Financial, the cryptocurrency venture that his sons launched in 2024. Trump reported more than $500 million in revenue from World Liberty Financial sales of crypto products, including "governance tokens," in his annual disclosure report filed with the Office of Government Ethics - a significant share of the more than $1.4 billion that the president reported from crypto businesses last year. White House warms to Democrats' ethics idea after initial skepticism In private, White House officials had raised concerns about giving state attorneys general the power to enforce the law, arguing that Democratic state lawyers could use it as a political weapon against the president and other GOP officials - and that it could be used by Republican attorneys general against elected Democrats, according to the two people familiar with the July Oval Office discussion. Still, Trump agreed to language that includes a "meaningful role" for state attorneys general to play in enforcing the crypto measure should it become law, according to a Sunday night statement from Lummis and Sens. John Boozman, R-Ark., and Tim Scott, R-S.C., the bill's main authors. A senior GOP aide, who briefed reporters on condition of anonymity, said the president had agreed to "about 80%" of the proposal from Tillis and Gallego, pointing mainly to the state attorneys general provision. An updated version of the bill released Sunday also includes a requirement to either divest or place in a blind trust any "significant" financial interest in an entity that issues cryptocurrencies. Gallego and Tillis, the senators who had pushed for additional measures, did not immediately comment on the development late Sunday. Trump also agreed to language that would allow state attorneys general to sue a crypto exchange if they list a digital asset that would be barred in the overall bill, according to the aide. Trump had been persuaded in part after a slew of conversations about the importance of passing the crypto measure, including with industry officials, the aide said. For Democrats, an enforcement mechanism involving state attorneys general had been a red line. "We need the state attorneys general to also have the power to prosecute if the Department of Justice refuses to," said Maryland Sen. Angela Alsobrooks, among the Democrats seen as vital swing votes on Tuesday. "I have been very clear about the fact that I will not vote for any legislation that does not cover ethics," she said. Presidents aren't always covered by federal ethics laws Presidents have often been exempt from federal conflict-of-interest laws, though some other modern presidents voluntarily put assets in blind trusts. While Cabinet officials subject to the laws can recuse themselves or divest holdings to address specific issues under their jurisdiction, it was seen as much more difficult for presidents who oversee the entire government to do the same. A measure enacted into law last year regulating stablecoins, a type of cryptocurrency, barred members of Congress and their families from profiting off them, but it did not extend to Trump or his family. "It is true that conflict-of-interest provisions do not commonly apply to the president because of their whole-of-government responsibilities," said Lisa Gilbert, co-president of the government watchdog group Public Citizen. "That said, we have seen such unprecedented corruption and conflict of interest from this administration and Trump in particular, that we need a different rubric." The White House has maintained that the president stays out of family business decisions administered by his sons. Trump is a relatively recent convert to crypto In his first term, the president said that he was "not a fan" of cryptocurrency, saying it was "highly volatile and based on thin air." But Trump has since become a convert, persuaded by his sons' interest in the business - and by its appeal to Black voters and younger voters, who could play a crucial role in close campaigns. Crypto has served as more than just a political boon for Trump. The $1.2 billion in Trump's crypto revenues also included more than $600 million from sales of souvenir-type "meme" coins stamped with his face through the crypto business CIC Digital LLC. Last May, the president hosted top investors in his $TRUMP meme coin for a dinner at his northern Virginia golf club, an example of how Trump was mixing his presidential duties with his business ventures despite the White House saying Trump attended the event "in his personal time. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 14 2026 | 11:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 14 2026 | 10:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 14 2026 | 10:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 14 2026 | 10:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 14 2026 | 8:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 14 2026 | 8:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 14 2026 | 8:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ganesh Chaturthi Stock Market Holiday: BSE and NSE closed on Sept 14 First Published: Sep 14 2026 | 7:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ganesh Chaturthi Stock Market Holiday: BSE and NSE closed on Sept 14 First Published: Sep 14 2026 | 7:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Share markets slid in Asia on Monday as supply concerns caused oil prices to spike anew, while investors braced for possible interest rate hikes in both the United States and Japan this week. Brent climbed 3% as new strikes on Saudi Arabia and on ships in the Gulf tested nerves, after an attack on a Saudi oil pipeline and an advance by Yemen's Houthis threatened to worsen the wartime disruption to global energy supplies. A meeting ?in Oman between Iran and Gulf Arab states, scheduled for Monday to discuss a deal on opening the Strait of Hormuz, was postponed. With shipping through the strait and the Bab el-Mandeb under threat, analysts fear oil prices could stay elevated for a lengthy period, stoking inflation globally. An uncomfortably hot US consumer price report on Friday led markets to price in an 86% chance the Federal Reserve will lift rates by 25 basis points on Wednesday, and move again by December. It would be the first hike since mid-2023. "We now expect the Fed to hike twice this year, in September and December," said Michael Feroli, chief US economist at JPMorgan. "At this stage, failing to back up words with action could put the credibility of the institution at risk." "Whether these actions represent a limited recalibration or mark the start of a more sustained hiking cycle will depend on incoming data," he added. "We anticipate the former scenario but see risks for ?the latter." Brent futures were last up 2.6% at $107.36 a barrel, having gained almost 9% last week, while US crude rose 2.4% to $102.48 a barrel. Japan's Nikkei fell 1.7%, while South Korea dropped 3.3%. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.8%. In Europe, EUROSTOXX 50 futures lost 0.5%, while DAX futures fell 0.4% and FTSE futures dipped 0.1%. On Wall Street, S&P 500 futures lost 0.5%, while Nasdaq futures fell 1.1%. Yields on 10-year Treasury notes were a fraction lower at 4.967%, having been sold heavily in recent weeks. Just last week alone, 2-year yields rose a steep 26 basis points, while 10-year yields added 19 basis points as the curve flattened. Ben Snider, chief US equity strategist at Goldman Sachs, said strong corporate earnings should provide support for Wall Street if borrowing costs rise. "Equities typically struggle when the Fed ?starts to hike rates, but we expect the bull market to continue," he added. "The S&P 500 has generated an average three-month return of -2% at the start of seven hiking cycles during the last few decades." "Yet the S&P 500 has generated an average return of +9% during the 12 months ?following the first hike." Markets also imply around a 76% chance the Bank of Japan will lift its cash rate by a quarter point, to 1.25%, ?when it meets on Friday. The BOJ is also expected to sound hawkish on further tightening as it struggles to prevent a relapse in the yen after market intervention helped to pull it from a 40-year low. The dollar was holding at 153.49 yen, having fallen ?around 4% over the last two weeks and away from a July peak of 163.99. The euro was also little changed at $1.1592, having found support at $1.1570 on Friday. Sterling was flat at $1.3522 with the Bank of England expected to hold its rates at 3.75% on Thursday, though ?the decision could again be split. In commodity markets, gold slipped 0.3% to $4,336 an ounce, as higher bond yields diminished the lure of the non-interest-paying metal. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 14 2026 | 7:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US President Donald Trump on Sunday called on Ukrainian President Volodymyr Zelenskyy to halt strikes on Russian oil refineries and other infrastructure used to produce and distribute diesel, saying the attacks are causing a global shortage. He spoke after diesel prices in the US hit a record on Friday, soaring past $6 a gallon on average. Ukraine has for months been targeting Russia's oil and gas industry with long-range strikes, prompting fuel rationing across the country and causing Moscow to ban diesel exports in July, removing supplies from the already tight global market. But the global crunch also came after the war on Iran curtailed oil shipments through the Strait of Hormuz. Fuel prices are weighing on Americans as they prepare to vote in mid-term elections in November. Trump was asked by a reporter if he had spoken with Zelenskyy following his recent conversation with Russia's Vladimir Putin. He responded by calling on Zelenskyy to halt strikes against Russia. "Mr Zelenskyy has to do one thing. He has to stop knocking out diesel fuel in Russia," Trump told reporters on the sidelines of the Irish Open, which is being played at his Doonbeg golf club. "We spoke to Mr Zelenskyy about it. There are plenty of other targets. Don't hit diesel fuel, because that's hurting, that's hurting the world," he said. According to a report published Friday by the International Energy Agency, net exports of diesel and gasoil from the Gulf countries in August stood at "just over a quarter" of what they were before the war on Iran began in February. "Disruptions to Russia's refining system and a near-halt to product exports following intensified Ukrainian attacks have compounded these losses," the IEA wrote. It added that in February, combined next exports of diesel and gasoil from the Gulf and Russia "accounted for almost 45 per cent of global seaborne trade." Kyiv says Russia's oil industry both funds and directly fuels Moscow's more than four-year-old invasion of Ukraine. Russia has ramped up its air campaign against Ukraine in recent weeks, using ballistic missiles and jet-powered drones to pierce Ukraine's defences. Moscow's attacks have targeted Ukraine's power grid ahead of winter in what officials say is meant to demoralise civilians. Civilians were killed and injured overnight into Sunday as Russia and Ukraine exchanged large-scale drone strikes. Two people were killed and 14 more wounded near an oil and industrial hub in Russia's Tatarstan, according to local officials, while Ukrainian authorities reported on Russian drones pummelling the Black Sea port of Odesa and starting a fire near a border crossing with Poland. The two Russian civilians died after a drone slammed into a tree near their parked car in the city of Nizhnekamsk, according to the office of regional head Rustam Minnikhanov. Nizhnekamsk houses a key cluster of oil refineries and other industrial plants. Mayor Radmir Belyaev said that a fire had broken out at an unspecified "enterprise." Ukraine also claimed to have hit a major oil refinery in Slavyansk-on-Kuban, in Russia's Krasnodar region near Crimea. The Defence Intelligence of Ukraine (DIU) agency said its drones struck a key oil processing unit and the refinery's tank farm overnight into Sunday. Krasnodar authorities said the strike on "an enterprise" in Slavyansk-on-Kuban injured three people and damaged an oil pipeline. Russian forces shot down 389 Ukrainian drones during the night, Russia's defence ministry said Sunday. In Ukraine, at least nine people were injured in a "massive" Russian night-time attack on Odesa, according to Serhii Lysak from the city's military administration. Odesa is home to Ukraine's main port hub on the Black Sea and has faced sustained drone and missile strikes, with Kyiv accusing Moscow of trying to choke off its exports. A Russian drone attack on Saturday struck a residential high-rise in Odesa, killing two people and injuring 26 others, Ukrainian officials said. Russian overnight strikes also pounded western Ukraine, though there were no immediate reports of casualties. One drone set fire to a gas station near the Yahodyn-Dorohusk border crossing with Poland, according to Ukraine's top diplomat and a spokesperson for the local customs force. "This is Putin's terror knocking directly on the doors of the EU and NATO. Russian barbarians are at your gate, dear partners," Ukrainian Foreign Minister Andrii Sybiha wrote on X. Ukraine's border crossings with Poland are a conduit for much of the military and humanitarian aid sent by Western allies. Valentyna Chernysh, a spokesperson for the Volyn Customs Office, told The Associated Press that the Yahodyn crossing was intact and no one was harmed. Earlier this week, two people died when Russian drones hit the Starokozache border crossing between Ukraine and Moldova on Tuesday. The following day a "direct threat" to a Polish-Ukrainian crossing point was avoided due to the cooperation between Warsaw and Kyiv, according to Polish Prime Minister Donald Tusk. Ukraine's air force said its air defences shot down or suppressed 409 Russian drones of various types overnight, including a newer jet-powered version that is faster and more difficult to intercept. It said Russia had attacked Ukraine with 453 drones in total. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 14 2026 | 7:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The loss of the pipeline, which helped Saudi Arabia re-route its exports avoiding the Strait of Hormuz, threatens up to 4% of global oil supply Oil prices jumped more than 2 per cent on Monday, after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf compounded supply concerns following the closure of a key Saudi oil pipeline. Brent crude futures rose $2.90, or 2.77 per cent, to $107.51 per barrel as of 2313 GMT. WTI futures rose $2.27, ?or 2.27 per cent, to $102.32 per barrel. Prices had initially risen more than 3 per cent at market open. Saudi Arabian state media on Sunday released video footage of damage to homes and a mosque from what it said was a Houthi attack on the country's southern Jazan province. The Houthis said they had also struck a Saudi military base in a neighbouring province. A vessel in the Strait of Hormuz was struck by a projectile, causing a fire and forcing the crew to be evacuated, the British maritime security agency UKMTO said on Sunday. Iran said one person was killed and four crew wounded aboard an Iranian commercial vessel struck off its coast. Oil ?prices had been expected to rise on Monday amid growing concerns about risks to supply from Saudi Arabia, the world's largest oil exporter, whose East-West oil pipeline was shut on Friday by a drone strike that originated in Iraq. The loss of the pipeline, which helped Saudi Arabia re-route its exports avoiding the Strait of Hormuz, threatens up to 4 per cent of global oil supply. Meanwhile, Yemen's Iran-aligned Houthis had reached the strategic island of Perim on Friday, moving to tighten their control over the Bab el-Mandeb Strait, another key oil transit lane that has been shipping 4-5 per cent of global supply in ?recent months. Oil surged 8 per cent higher on the week due to the disruptions, rising above $100 for the first time since July. "Looking ahead, unless this week's talks in Oman produce something operational - or the ?East-West pipeline is brought back online quickly - the risk is that crude oil continues to extend its gains ?toward the $119.48 high of early March," IG market analyst Tony Sycamore said in a note on Sunday. Omani Foreign Minister Badr Albusaidi said on X later on Sunday, however, that a scheduled ?Monday meeting in Oman between Gulf countries and Iran to discuss the Strait of Hormuz had been postponed. No peace talks have been held in the war, launched six months ago by the United ?States and Israel, since an interim agreement in June collapsed after a few weeks. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 14 2026 | 7:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture India's semiconductor sector has attracted $1.4 billion in all-time equity funding across 281 funded companies, with nearly half of this amount - $701 million - raised since 2025 alone, according to data from Tracxn. The findings come days ahead of SEMICON India 2026, the country's flagship semiconductor conference and exhibition, which will be held from September 17-19 at Yashobhoomi in Dwarka, New Delhi. Prime Minister Narendra Modi will inaugurate the fifth edition of SEMICON India 2026 on September 17, a mega-event set to bring together global semiconductor industry leaders, government officials, state representatives, and sector experts as India builds on the momentum of its growing semiconductor ecosystem. India is home to 3,557 companies in the sector, of which 142 have raised equity funding, out of 281 funded companies. The sector recorded $228 million in funding in 2026 year-to-date (YTD), according to Tracxn. Tessolve Semiconductor leads the sector in cumulative funding at $213 million till date, followed by ILJIN Electronics ($198 million) and VVDN ($129 million). Electronic Manufacturing Services has led the sector's funding, securing $313 million since 2025. Embedded Hardware ranked second, with $51.9 million raised since 2025 - entirely within the trailing 12 months - while Power Management Integrated Circuits and Fabless Semiconductor Manufacturers were among the other leading business models by funding. According to the report, the sector's funding rose from $49 million in 2021 to $473 million in 2025. The five-year funding compound annual growth rate (CAGR) stood at over 36 per cent. Bengaluru remained the dominant hub, home to 626 of the sector's 3,557 companies - about 18 per cent of the total - and accounting for 40.1 per cent of all equity funding raised to date. It was followed by Noida (16.4 per cent), Gurugram (10.7 per cent), Kochi (8.8 per cent) and Hyderabad (6.2 per cent) in terms of funding share. On exits, the report said acquisitions remained the primary route for Indian semiconductor companies, with the sector recording 62 acquisitions compared with 42 initial public offerings (IPOs). Companies reached acquisition in an average of 11.8 years from their first funding round, against 16.5 years for companies that went public, the report said. The largest exit on record was eInfochips' $282 million acquisition, followed by Narayan Powertech ($262 million) and SmartPlay Technologies ($180 million), as per the report. Among recent listings, Tempsens Instruments went public in August 2026 with a market capitalisation of $263 million, while Merritronix listed in June 2026. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 14 2026 | 12:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Sep 14 2026 | 12:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 13 2026 | 11:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shailesh Hazela CEO and MD, Stellantis India This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ravi Dharamshi, founder and CIO, ValueQuest This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Money to Burn: The Unvarnished Truth About Leon Black, Apollo, and the Rise of a New Wall Street First Published: Sep 13 2026 | 10:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In a letter dated September 11, 2026, the RBI informed Tata Sons that the deregistration application had been rejected after the regulator had examined several aspects This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brics must expand trade in national currencies and work towards an inclusive global economic framework as excessive dependence on existing financial and trade systems has made emerging economies vulnerable to political shocks, Iranian President Masoud Pezeshkian said on Sunday. In an address at the concluding session of the two-day Brics summit, Pezeshkian, taking a swipe at Western powers, was also critical of "unilateral sanctions", saying they are directly impacting global food security and people's welfare. The Iranian leader's remarks came weeks after the US imposed new economic sanctions on Iran, tightening the squeeze on Tehran's finances amid ongoing military hostilities between the two sides. The Iranian president said Brics had evolved beyond being merely a framework for cooperation among emerging economies and had become a manifestation of growing demand for a more balanced and inclusive world in which "no centre of power has the right to determine the destiny of others". The Brics now must play a greater role in building a more balanced, inclusive and just international order, the Iranian president said stressing that resilience, cooperation and sustainability should be translated into practical action. The Iranian president said economic resilience could not be sustained without security, referring to what he described as the military aggression by the United States and Israel against Iran. He said the attacks on Iran's economic, energy and development infrastructure could have consequences beyond national borders, creating regional and global repercussions. Pezeshkian said the Iranian people had paid a heavy price, with civilians killed and infrastructure built over decades damaged. The Iranian president said the international community has a responsibility to protect civilians and prevent the "normalisation of attacks on civilian targets". Pezeshkian thanked India, its people and Prime Minister Narendra Modi for hosting the summit, saying its theme -- "Resilience, Cooperation and Sustainability" -- reflected the fundamental global needs at a time when the destinies of nations are increasingly interconnected. He said the international community's challenge was not merely to manage current crises, but to build a system that strengthens nations against future crises and creates a fairer world. Delving into pressing economic challenges, Pezeshkian said excessive dependence on limited financial and trade systems had made economies vulnerable to political shocks. Unilateral sanctions directly affected food security and people's welfare, he said, pitching for expanding trade in national currencies and strengthening the New Development Bank to enhance the economic resilience of Brics members. On the situation in Gaza and Lebanon, Pezeshkian said the people of the region continued to face the consequences of "crimes and genocide". He called on Brics to play a more effective role in defending national sovereignty, territorial integrity and the prohibition of the use of force. Elaborating on global challenges, Pezeshkian said no country could address them alone and called for transforming the capacities of the Global South into shared capabilities. He highlighted Iran's geopolitical position and energy and transit capacities, saying they could contribute to the development of trade and energy corridors among Brics members. On sustainability, he warned that development that increases inequality or transfers today's costs to future generations cannot be sustainable. The Iranian president also flagged concerns over the environmental consequences of war, saying damage to energy and industrial infrastructure can affect natural resources beyond economic losses. Pezeshkian identified knowledge and innovation as key elements of the Brics agenda, stressing that artificial intelligence and emerging technologies should serve as tools for empowering nations rather than instruments of domination. He also reaffirmed Iran's readiness to contribute its capacities to Brics cooperation, emphasising that resilience requires sustained cooperation, cooperation requires justice, and sustainability is impossible without peace and security. "Let us turn Brics into a platform for translating these principles into practical action," he said, adding that a future in which growth, security and development are possible for all is a shared responsibility toward future generations. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 13 2026 | 6:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajaya Mohanty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 13 2026 | 5:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 13 2026 | 5:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 13 2026 | 5:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 13 2026 | 2:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 13 2026 | 2:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 13 2026 | 2:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, the BSE benchmark Sensex tumbled 1,733.67 points, or 2.26 per cent, and the NSE Nifty declined 499.6 points, or 2 per cent The US Fed interest rate decision, domestic inflation data, crude oil prices and development in West Asia would be the major drivers for stock market movement in a holiday-shortened week ahead, analysts said. Equity markets would remain closed on Monday for Ganesh Chaturthi. "Globally, developments in the US-Iran conflict and movement in Brent crude will remain critical market drivers. This week will be dominated by the US Federal Reserve's monetary policy decision and commentary on the future path of interest rates," Ajit Mishra, SVP of Research at Religare Broking, said. On the domestic front, August WPI and CPI inflation data, followed by unemployment and balance of trade data, will remain in focus, he said. "The immediate focus will be on US inflation and the Federal Reserve's policy decision. The September 11 inflation report showed headline CPI rising 0.4 per cent month-on-month and holding at 3.4 per cent annually, while core inflation increased 0.3 per cent from the previous month but eased to 2.4 per cent year-on-year. The firmer monthly reading keeps inflation risks in focus and could reinforce pressure on global bond yields and the dollar, particularly if the Federal Reserve adopts a more hawkish tone," Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a Research Analyst firm, said. The September 1516 FOMC (Federal Open Market Committee) meeting will therefore be the week's principal global catalyst, he said. For India, crude oil remains the most immediate external risk, he said, adding that any renewed rise in crude, particularly if disruptions to Middle East oil flows intensify, could add to inflationary pressures, widen the import bill, weigh on the rupee and squeeze corporate margins. "Domestic data, including WPI inflation and trade figures, will provide additional clues on how much of that pressure is filtering into the economy," Radhakrishnan added. Last week, the BSE benchmark Sensex tumbled 1,733.67 points, or 2.26 per cent, and the NSE Nifty declined 499.6 points, or 2 per cent. "Global macroeconomic and geopolitical risks are likely to keep Indian equities on edge in the week ahead, with crude oil prices, developments in the Middle East and shifting expectations for US monetary policy emerging as the key drivers of market sentiment," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. Markets remained under significant pressure during the last week, with the Nifty-50 extending its weekly losing streak to five consecutive weeks, as escalating tensions in the Middle East triggered a sharp rise in crude oil prices and intensified concerns over inflation, global interest rates and economic growth. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 13 2026 | 1:47 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pharmaceutical patenting in India is of utmost concern not only to the people of India, but also for the world community, as India has emerged as the pharmacy of the world The Indian Patent Office (IPO) has proposed updating guidelines for examination of pharmaceutical patent applications to improve the quality, consistency and uniformity of scrutiny, taking into account the evolving interpretation of laws by courts. It has issued draft guidelines for examination of pharmaceutical applications for patent. Pharmaceutical patenting in India is extremely important and a sensitive issue because a bad patent can become a burden to society; good patents are essential for promoting innovation and technological development in the country. In order to achieve these targets, the IPO is continuously upgrading its internal resources, revamping its internal work modules or its public interfaces. "In an attempt to bring in quality, consistency and uniformity, the office has introduced the guidelines for examination in certain key areas like pharmaceuticals," it said. Further, many of the issues related to product patenting in the field of pharmaceuticals are now becoming clear through the decisions of courts. "Therefore, there is a need to update guidelines for examination of pharmaceutical patents, incorporating the analysis of the courts, with the objective that the guidelines shall help in improvement of the examination standard and shall introduce harmonious practice amongst the technical officers of the system," according to the draft guidelines, dated September 4. Pharmaceutical patenting in India is of utmost concern not only to the people of India, but also for the world community, as India has emerged as the pharmacy of the world, it said. The present guidelines are prepared with the objective that the guidelines would help the examiners and the controllers of the patent office in achieving consistently uniform standards of patent examination. The IPO, under the Ministry of Commerce and Industry, issued draft guidelines for the examination of applications in this field. According to the draft guidelines dated September 4, there are some issues relating to the patenting of biotechnological inventions which are of serious concern to the users of the patent system, such as novelty, obviousness, industrial applicability, sufficiency of disclosure and clarity in claims. In addition, it said, a few special issues have also evolved, such as those relating to moral and ethical concerns, environmental safety, issues relating to patenting of ESTs (Expressed Sequence Tags) of partial gene sequences, cloning of farm animals, stem cells, and gene diagnostics. "Thus, the patenting of inventions in the field of biotechnology poses challenges to the applicants for patents as well as to the Patent Office. "Therefore, there is an urgent need to put in place guidelines to establish uniform and consistent practices in the examination of patent applications in the field of biotechnology and allied subjects under the Patents Act, 1970 (as amended)," it said. The guidelines are intended to help the examiners and controllers of the IPI to achieve uniformity and consistency, it said. Mohit Singh, Partner, One Law Partners, said these draft guidelines should resolve a long-standing gap between patent office practice and the law that has emerged over time through judicial pronouncements. "The incorporation of judicial standards, such as the Delhi High Court's 'Seven Stambhas' framework for assessing novelty, will make the examination process more consistent and predictable," he said. They also reflect the need for India's patent examination system to keep pace with developments in the global biopharma sector, he added. "The key benefit of these new guidelines for industry would be greater predictability and certainty around R&D investments and the value of IP, particularly in the biopharma sector," Singh said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 13 2026 | 12:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Incumbent diagnostic chains have largely maintained pricing year-to-date, ending August 26, and are thus well positioned to continue capturing market share This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Incumbent diagnostic chains have largely maintained pricing year-to-date, ending August 26, and are thus well positioned to continue capturing market share First Published: Sep 13 2026 | 12:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
No person, business entity, digital platform, trademark or patent agent, or legal practitioner can display, replicate, or use the official logo of the Indian Patent Office in any medium without prior approval from the Ministry of Commerce and Industry, according to a DPIIT public notice. It has come to the attention of the Office of the Controller General of Patents, Designs and Trade Marks (CGPDTM) that various individuals, agencies, corporate bodies, online legal tech platforms, and unauthorised service providers are unlawfully utilising the official logo, emblem, and design of the Indian Patent Office (IPO) on their websites, social media accounts, marketing collateral, stationery, and paid digital advertisements. The logo, it said, is an official government identifier representing the statutory authority under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry. The unauthorised publication, reproduction, or display of this logo creates a false and misleading impression of official government endorsement, affiliation, or recognition, thereby defrauding stakeholders, applicants, and the general public. All concerned stakeholders and the public are notified that "no person, business entity, digital platform, trademark/patent agent, or legal practitioner is permitted to display, replicate, adapt, or use the official IPO logo, trade dress, or DPIIT insignia in any medium (print, digital, social media, or sponsored search advertisements) without prior formal, written approval from the competent authority in the CGPDTM or DPIIT," it added. It has asked all entities and individuals currently displaying the IPO logo or deceptively similar designs on their websites, promotional banners, visiting cards, portals, or application interfaces to remove such materials. Continued unauthorised use, misrepresentation, or imitation of the official IPO logo constitutes an offence under the Emblems and Names (Prevention of Improper Use) Act, 1950, the Trade Marks Act, 1999, the Copyright Act, 1957, and the Information Technology Act, 2000. "Such non-compliance will attract immediate civil and criminal prosecution, administrative sanctions, and reporting to law enforcement authorities without further notice," it said. It also cautioned the general public, startups, and MSMEs to verify the credentials of entities offering IP registration services and to rely solely on the official portal (www.ipindia.gov.in) for all statutory filings, updates, and communications. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 13 2026 | 11:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Founded in 1971, SML Ltd has evolved over five decades from its strong foundation in sulphur-based crop inputs into a research-driven, innovation-led global agri-solutions enterprise Agri-inputs maker SML Ltd, formerly known as Sulphur India Limited, is evaluating a stock market listing within the next two to three years as it looks to fund the development of new chemical entities (NCEs), Managing Director Bimal Shah said. "We have not completely decided - we are also evaluating it," Shah said in an interview to PTI, adding that the debt-free company expects greater clarity on the timeline within the next one to two years. Mumbai-based SML Ltd said it is among a handful of Indian companies developing NCEs - proprietary new molecules rather than generic formulations - with one new molecule expected to reach the market soon and others in the pipeline. "We are working on NCEs, new chemical entity in the last three years. We have a new molecule coming up very soon. ... NCE is a very important focus for us. Of course, this requires a lot of investment," he said. Bringing a single NCE to market can cost $70 million-$80 million, Shah said, and the company has so far self-financed the research. These considerations may eventually lead the company toward listing, but no decision has been made yet; it's still evaluating, Shah said, adding that he expects to have a "clearer sense of direction this year or next", since further steps will depend on related groundwork being completed. SML Ltd holds roughly ?450-470 crore in cash on a near debt-free balance sheet; funds, Shah said, could be deployed toward acquisitions, regulatory assets or strategic tie-ups, alongside the NCE program. The company pointed to its earlier increase in ownership of Rotam India, an active ingredient manufacturing facility, as an example of the kind of backwards-integration deal it could pursue again. "We've maintained a stable balance sheet over the years, and this accumulated fund is intended for the right opportunity - potentially an acquisition, strategic tie-up, or backward integration," he said. The listing deliberations come as SML pushes deeper into three business lines beyond its traditional sulphur fertilizer base: crop nutrition, crop protection and biologicals. Shah said crop nutrition, where the company is promoting balanced, nutrient-efficient formulations rather than single-nutrient products, is likely to be the fastest-growing of the three over the next three years, both in India and globally. SML has lowered its revenue target for the current fiscal year to about ?1,600 crore, from an earlier goal of ?1,800 crore, citing weaker monsoon rainfall, US tariffs and shipping disruptions tied to ongoing geopolitical conflict. That would still mark an increase from roughly ?1,200-1,300 crore a year earlier, aided by price increases of 15-20 per cent across its product range. International business, spanning more than 80 countries, generated roughly ?600-700 crore last fiscal year; SML is targeting ?700-800 crore this year and Rs 1,000 crore within two years, though it flagged continued tariff and shipping-related uncertainty. Roughly 70 per cent of SML's export revenue comes from crop-protection products, including insecticides and fungicides using microencapsulation and water-dispersible granule technologies, the executive said. SML Ltd separately unveiled cricket icon Sachin Tendulkar as its brand ambassador this year, betting his national profile can accelerate farmer adoption of its sulphur-based fertilizers. The company estimates only a small fraction of India's farmland currently receives adequate sulphur nutrition, despite government soil surveys showing widespread deficiency. "We are trying to connect nutrition, sports and agriculture together," Shah said, adding that Tendulkar had sought out the partnership after noting he had never worked with an agriculture-focused company before. The company recently launched seven new products across crop protection and crop nutrition. Shah said crop protection products converts to sales faster since it operates on an AI-to-AI (active ingredient) basis. "We expect at least an additional ?100 crore this year from these new products/technologies, with crop nutrition potentially contributing even more depending on market reach and consumption growth." India's fertilizer industry has increasingly flagged sulphur deficiency as a hidden constraint on crop yields, with government soil-health surveys showing widespread shortfalls nationally. SML Ltd said the company has 30-40 per cent market share in India's roughly 150,000-200,000 tonne specialty sulphur-fertilizer segment, a share it aims to lift to 50-60 per cent by 2030 through expanded field demonstrations and dealer outreach. The company, which competes with larger rivals including Coromandel International and Deepak Fertilizers, said its patented micronized sulphur and sulphur-zinc formulations carry a higher per-unit cost than conventional sources such as gypsum and ammonium sulphate but require substantially lower application rates. Capacity utilization at SML's production facilities stands at roughly 50-55 per cent, Shah said, with full utilization expected by 2028-29. The company plans to move some of its research capacity toward new agri-inputs beyond sulphur, including biological crop-protection products. Founded in 1971, SML Ltd has evolved over five decades from its strong foundation in sulphur-based crop inputs into a research-driven, innovation-led global agri-solutions enterprise. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 13 2026 | 11:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dish TV CEO and Executive Director Manoj Dobhal Dish TV, a direct-to-home service provider facing subscription losses, hopes for a business turnaround, supported by new initiatives such as its smart TV business VZY, its B2C e-commerce platform ShopZop, and its content aggregation platform Watcho. Dish TV, which reported a year-over-year drop of 25.84 per cent in its revenue to ?1,162.61 crore along with a negative EBITDA in FY26 mainly due to "rise of alternative entertainment options", is diversifying its operations in a bid to recover, according to the latest annual report of the company. Pointing towards early signs of traction across its newer business lines, its CEO and Executive Director Manoj Dobhal said: "We remain confident that our new initiatives will take us on the path of recovery and growth." This confidence emanates from VZY TV's crossing ?100-crore milestone, growth of its digital app and website - Watcho, and early traction of our hybrid packages to existing subscribers, Dobhal told shareholders of the company. Dish TV in September last year entered smart TV market with VZY range, which integrates DTH and OTT services. "The Company also expects to earn revenue from ShopZop in the form of commission fees and secure exclusive content partnerships and sponsorships from Content India. Content India is anticipated to be instrumental in delivering high-quality content for all the Dish TV customers and drive revenue by retaining them," he said. He also said Content India, a content marketplace launched with C21 Media to broker deals between content creators, buyers and technology firms, as a source of future revenue through "exclusive content partnerships and sponsorships." The platform hosted an inaugural three-day event in Mumbai in March 2026, and the company aims to expand it as the largest such hub in Southeast Asia. According to Dobhal, now active pay-DTH subscribers across the industry is declining year-on-year due to three structural shifts - urban households increasingly migrating to OTT platforms, price-sensitive consumers moving to free-to-air services, and rapid adoption of connected TVs, said Dish TV in its latest annual report. This has impacted all DTH operators in India and globally, including Dish TV, and are expected to persist in the coming years, said its CEO and Executive Director Manoj Dobhal addressing the shareholders. "Amid the continued structural shift in the Indian home entertainment market driven by rising OTT streaming and availability of free-to-air platforms, the Company is actively repositioning itself to stay relevant and competitive. We diversified channel bundles in core Dish TV business, expanded original and regional content on the Watcho app, and integrated OTT streaming in hybrid packages," he said. Recalling Dish TV's journey from launching India's first DTH service in 2003 and merging Videocon DTH operations in 2018 to becoming debt-free in 2023, Dobhal said the company is now in a fresh repositioning phase, aiming to lead the industry's shift "from set-top boxes to smart screen" as content consumption converges across platforms. "We are on our path to uplift and safeguard shareholders' value," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 13 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Looking ahead, FPI flows are likely to be significantly influenced by the Iran-US conflict and its consequent impact on crude oil prices Foreign investors pulled out ?13,138 crore from Indian equities in the first half of September, as heightened global uncertainty pushed crude oil prices higher, while rising US bond yields and a firm dollar weighed on risk appetite. The latest outflow comes after Foreign Portfolio Investors (FPIs) turned net buyers in July and August, infusing ?20,200 crore and ?29,630 crore, respectively, according to data from the Central Depository Services (India) Ltd (CDSL). Prior to that, FPIs remained net sellers for four consecutive months from March to June. With the latest withdrawal, the total outflow from Indian equities by FPIs has climbed to ?2.37 trillion so far in 2026, surpassing the ?1.66 trillion withdrawn during the entire 2025, the data showed. According to NSDL data, FPIs withdrew ?13,138 crore from Indian equities in the first two weeks of September, till September 11. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the September selling was driven more by global factors than domestic concerns. "September selling is a dollar-and-crude story, not an India story. When US yields firm up and oil climbs, money leaves every emerging market," he said. Brent crude surged to USD 109.97 per barrel on Friday and continued to remain above USD 102 per barrel, its July-high level, amid heightened geopolitical uncertainty. Rising bond yields and a high probability of a rate hike at the US FOMC meeting in the coming week have also weighed on investor sentiment, said Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking. Looking ahead, FPI flows are likely to be significantly influenced by the Iran-US conflict and its consequent impact on crude oil prices. "Elevated crude prices (Brent is above USD 108) and higher inflation imply tighter monetary policy, which means bond yields will rise further," V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said. "If the US 10-year bond inches up to 5 per cent, there can be a sharp correction in equity markets globally. In such a scenario, FPIs may turn sellers and move money to high-yielding bonds," he added. Foreign investors also extended their selling to the debt market during the period under review. They withdrew ?1,350 crore through the Fully Accessible Route (FAR) and ?955 crore through the general route, while investing ?29 crore through the Voluntary Retention Route (VRR). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 13 2026 | 10:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Looking ahead, FPI flows are likely to be significantly influenced by the Iran-US conflict and its consequent impact on crude oil prices Foreign investors pulled out ?13,138 crore from Indian equities in the first half of September, as heightened global uncertainty pushed crude oil prices higher, while rising US bond yields and a firm dollar weighed on risk appetite. The latest outflow comes after Foreign Portfolio Investors (FPIs) turned net buyers in July and August, infusing ?20,200 crore and ?29,630 crore, respectively, according to data from the Central Depository Services (India) Ltd (CDSL). Prior to that, FPIs remained net sellers for four consecutive months from March to June. With the latest withdrawal, the total outflow from Indian equities by FPIs has climbed to ?2.37 trillion so far in 2026, surpassing the ?1.66 trillion withdrawn during the entire 2025, the data showed. According to NSDL data, FPIs withdrew ?13,138 crore from Indian equities in the first two weeks of September, till September 11. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the September selling was driven more by global factors than domestic concerns. "September selling is a dollar-and-crude story, not an India story. When US yields firm up and oil climbs, money leaves every emerging market," he said. Brent crude surged to USD 109.97 per barrel on Friday and continued to remain above USD 102 per barrel, its July-high level, amid heightened geopolitical uncertainty. Rising bond yields and a high probability of a rate hike at the US FOMC meeting in the coming week have also weighed on investor sentiment, said Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking. Looking ahead, FPI flows are likely to be significantly influenced by the Iran-US conflict and its consequent impact on crude oil prices. "Elevated crude prices (Brent is above USD 108) and higher inflation imply tighter monetary policy, which means bond yields will rise further," V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said. "If the US 10-year bond inches up to 5 per cent, there can be a sharp correction in equity markets globally. In such a scenario, FPIs may turn sellers and move money to high-yielding bonds," he added. Foreign investors also extended their selling to the debt market during the period under review. They withdrew ?1,350 crore through the Fully Accessible Route (FAR) and ?955 crore through the general route, while investing ?29 crore through the Voluntary Retention Route (VRR). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 13 2026 | 10:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Looking ahead, FPI flows are likely to be significantly influenced by the Iran-US conflict and its consequent impact on crude oil prices Foreign investors pulled out ?13,138 crore from Indian equities in the first half of September, as heightened global uncertainty pushed crude oil prices higher, while rising US bond yields and a firm dollar weighed on risk appetite. The latest outflow comes after Foreign Portfolio Investors (FPIs) turned net buyers in July and August, infusing ?20,200 crore and ?29,630 crore, respectively, according to data from the Central Depository Services (India) Ltd (CDSL). Prior to that, FPIs remained net sellers for four consecutive months from March to June. With the latest withdrawal, the total outflow from Indian equities by FPIs has climbed to ?2.37 trillion so far in 2026, surpassing the ?1.66 trillion withdrawn during the entire 2025, the data showed. According to NSDL data, FPIs withdrew ?13,138 crore from Indian equities in the first two weeks of September, till September 11. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the September selling was driven more by global factors than domestic concerns. "September selling is a dollar-and-crude story, not an India story. When US yields firm up and oil climbs, money leaves every emerging market," he said. Brent crude surged to USD 109.97 per barrel on Friday and continued to remain above USD 102 per barrel, its July-high level, amid heightened geopolitical uncertainty. Rising bond yields and a high probability of a rate hike at the US FOMC meeting in the coming week have also weighed on investor sentiment, said Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking. Looking ahead, FPI flows are likely to be significantly influenced by the Iran-US conflict and its consequent impact on crude oil prices. "Elevated crude prices (Brent is above USD 108) and higher inflation imply tighter monetary policy, which means bond yields will rise further," V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said. "If the US 10-year bond inches up to 5 per cent, there can be a sharp correction in equity markets globally. In such a scenario, FPIs may turn sellers and move money to high-yielding bonds," he added. Foreign investors also extended their selling to the debt market during the period under review. They withdrew ?1,350 crore through the Fully Accessible Route (FAR) and ?955 crore through the general route, while investing ?29 crore through the Voluntary Retention Route (VRR). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 13 2026 | 10:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Looking ahead, FPI flows are likely to be significantly influenced by the Iran-US conflict and its consequent impact on crude oil prices Foreign investors pulled out ?13,138 crore from Indian equities in the first half of September, as heightened global uncertainty pushed crude oil prices higher, while rising US bond yields and a firm dollar weighed on risk appetite. The latest outflow comes after Foreign Portfolio Investors (FPIs) turned net buyers in July and August, infusing ?20,200 crore and ?29,630 crore, respectively, according to data from the Central Depository Services (India) Ltd (CDSL). Prior to that, FPIs remained net sellers for four consecutive months from March to June. With the latest withdrawal, the total outflow from Indian equities by FPIs has climbed to ?2.37 trillion so far in 2026, surpassing the ?1.66 trillion withdrawn during the entire 2025, the data showed. According to NSDL data, FPIs withdrew ?13,138 crore from Indian equities in the first two weeks of September, till September 11. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the September selling was driven more by global factors than domestic concerns. "September selling is a dollar-and-crude story, not an India story. When US yields firm up and oil climbs, money leaves every emerging market," he said. Brent crude surged to USD 109.97 per barrel on Friday and continued to remain above USD 102 per barrel, its July-high level, amid heightened geopolitical uncertainty. Rising bond yields and a high probability of a rate hike at the US FOMC meeting in the coming week have also weighed on investor sentiment, said Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking. Looking ahead, FPI flows are likely to be significantly influenced by the Iran-US conflict and its consequent impact on crude oil prices. "Elevated crude prices (Brent is above USD 108) and higher inflation imply tighter monetary policy, which means bond yields will rise further," V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said. "If the US 10-year bond inches up to 5 per cent, there can be a sharp correction in equity markets globally. In such a scenario, FPIs may turn sellers and move money to high-yielding bonds," he added. Foreign investors also extended their selling to the debt market during the period under review. They withdrew ?1,350 crore through the Fully Accessible Route (FAR) and ?955 crore through the general route, while investing ?29 crore through the Voluntary Retention Route (VRR). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 13 2026 | 10:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Looking ahead, FPI flows are likely to be significantly influenced by the Iran-US conflict and its consequent impact on crude oil prices Foreign investors pulled out ?13,138 crore from Indian equities in the first half of September, as heightened global uncertainty pushed crude oil prices higher, while rising US bond yields and a firm dollar weighed on risk appetite. The latest outflow comes after Foreign Portfolio Investors (FPIs) turned net buyers in July and August, infusing ?20,200 crore and ?29,630 crore, respectively, according to data from the Central Depository Services (India) Ltd (CDSL). Prior to that, FPIs remained net sellers for four consecutive months from March to June. With the latest withdrawal, the total outflow from Indian equities by FPIs has climbed to ?2.37 trillion so far in 2026, surpassing the ?1.66 trillion withdrawn during the entire 2025, the data showed. According to NSDL data, FPIs withdrew ?13,138 crore from Indian equities in the first two weeks of September, till September 11. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the September selling was driven more by global factors than domestic concerns. "September selling is a dollar-and-crude story, not an India story. When US yields firm up and oil climbs, money leaves every emerging market," he said. Brent crude surged to USD 109.97 per barrel on Friday and continued to remain above USD 102 per barrel, its July-high level, amid heightened geopolitical uncertainty. Rising bond yields and a high probability of a rate hike at the US FOMC meeting in the coming week have also weighed on investor sentiment, said Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking. Looking ahead, FPI flows are likely to be significantly influenced by the Iran-US conflict and its consequent impact on crude oil prices. "Elevated crude prices (Brent is above USD 108) and higher inflation imply tighter monetary policy, which means bond yields will rise further," V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said. "If the US 10-year bond inches up to 5 per cent, there can be a sharp correction in equity markets globally. In such a scenario, FPIs may turn sellers and move money to high-yielding bonds," he added. Foreign investors also extended their selling to the debt market during the period under review. They withdrew ?1,350 crore through the Fully Accessible Route (FAR) and ?955 crore through the general route, while investing ?29 crore through the Voluntary Retention Route (VRR). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 13 2026 | 10:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Looking ahead, FPI flows are likely to be significantly influenced by the Iran-US conflict and its consequent impact on crude oil prices Foreign investors pulled out ?13,138 crore from Indian equities in the first half of September, as heightened global uncertainty pushed crude oil prices higher, while rising US bond yields and a firm dollar weighed on risk appetite. The latest outflow comes after Foreign Portfolio Investors (FPIs) turned net buyers in July and August, infusing ?20,200 crore and ?29,630 crore, respectively, according to data from the Central Depository Services (India) Ltd (CDSL). Prior to that, FPIs remained net sellers for four consecutive months from March to June. With the latest withdrawal, the total outflow from Indian equities by FPIs has climbed to ?2.37 trillion so far in 2026, surpassing the ?1.66 trillion withdrawn during the entire 2025, the data showed. According to NSDL data, FPIs withdrew ?13,138 crore from Indian equities in the first two weeks of September, till September 11. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the September selling was driven more by global factors than domestic concerns. "September selling is a dollar-and-crude story, not an India story. When US yields firm up and oil climbs, money leaves every emerging market," he said. Brent crude surged to USD 109.97 per barrel on Friday and continued to remain above USD 102 per barrel, its July-high level, amid heightened geopolitical uncertainty. Rising bond yields and a high probability of a rate hike at the US FOMC meeting in the coming week have also weighed on investor sentiment, said Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking. Looking ahead, FPI flows are likely to be significantly influenced by the Iran-US conflict and its consequent impact on crude oil prices. "Elevated crude prices (Brent is above USD 108) and higher inflation imply tighter monetary policy, which means bond yields will rise further," V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said. "If the US 10-year bond inches up to 5 per cent, there can be a sharp correction in equity markets globally. In such a scenario, FPIs may turn sellers and move money to high-yielding bonds," he added. Foreign investors also extended their selling to the debt market during the period under review. They withdrew ?1,350 crore through the Fully Accessible Route (FAR) and ?955 crore through the general route, while investing ?29 crore through the Voluntary Retention Route (VRR). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 13 2026 | 10:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Looking ahead, FPI flows are likely to be significantly influenced by the Iran-US conflict and its consequent impact on crude oil prices Foreign investors pulled out ?13,138 crore from Indian equities in the first half of September, as heightened global uncertainty pushed crude oil prices higher, while rising US bond yields and a firm dollar weighed on risk appetite. The latest outflow comes after Foreign Portfolio Investors (FPIs) turned net buyers in July and August, infusing ?20,200 crore and ?29,630 crore, respectively, according to data from the Central Depository Services (India) Ltd (CDSL). Prior to that, FPIs remained net sellers for four consecutive months from March to June. With the latest withdrawal, the total outflow from Indian equities by FPIs has climbed to ?2.37 trillion so far in 2026, surpassing the ?1.66 trillion withdrawn during the entire 2025, the data showed. According to NSDL data, FPIs withdrew ?13,138 crore from Indian equities in the first two weeks of September, till September 11. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the September selling was driven more by global factors than domestic concerns. "September selling is a dollar-and-crude story, not an India story. When US yields firm up and oil climbs, money leaves every emerging market," he said. Brent crude surged to USD 109.97 per barrel on Friday and continued to remain above USD 102 per barrel, its July-high level, amid heightened geopolitical uncertainty. Rising bond yields and a high probability of a rate hike at the US FOMC meeting in the coming week have also weighed on investor sentiment, said Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking. Looking ahead, FPI flows are likely to be significantly influenced by the Iran-US conflict and its consequent impact on crude oil prices. "Elevated crude prices (Brent is above USD 108) and higher inflation imply tighter monetary policy, which means bond yields will rise further," V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said. "If the US 10-year bond inches up to 5 per cent, there can be a sharp correction in equity markets globally. In such a scenario, FPIs may turn sellers and move money to high-yielding bonds," he added. Foreign investors also extended their selling to the debt market during the period under review. They withdrew ?1,350 crore through the Fully Accessible Route (FAR) and ?955 crore through the general route, while investing ?29 crore through the Voluntary Retention Route (VRR). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 13 2026 | 10:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In a letter dated September 11, 2026, the RBI rejected Tata Sons’ application for voluntary surrender of its registration as a core investment company (CIC). First Published: Sep 13 2026 | 10:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 13 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The second day of the 18th Brics Summit will see leaders hold an open session on Sunday focusing on the core pillars of the central theme, namely resilience, innovation, cooperation and sustainability, as India hosts the grouping's annual summit under its 2026 chairship. The session, titled "Resilience, Innovation, Cooperation and Sustainability: Shaping the Future for Inclusive Global Growth", will be held at the Summit Hall inside Bharat Mandapam in New Delhi. The open session is part of the two-day Brics Summit being hosted by India on September 12-13 under the chairship theme, "Building for Resilience, Innovation, Cooperation and Sustainability." The session is expected to provide an opportunity for Brics leaders to deliberate on areas of common interest and discuss ways to strengthen cooperation among member countries while advancing an inclusive approach to global growth. Earlier, on Saturday, Brics leaders unanimously adopted the New Delhi Declaration 2026, with Prime Minister Narendra Modi describing the outcome as a reflection of a Brics that is "wider in reach and stronger in purpose". In a series of posts on X, PM Modi said the declaration focuses on innovation, sustainability and people-to-people ties, with the aim of making cooperation "more practical, development-oriented and responsive to the aspirations of the Brics nations". "I thank all the fellow Brics nations and their leaders for its adoption," the Prime Minister said. The presidency, which began on January 1, 2026, is guided by the theme "Building for Resilience, Innovation, Cooperation and Sustainability", deploying a human-centric approach across its core pillars to reinforce institutional strength and support sustainable growth. Under the resilience pillar, the chairship strives to fortify economic, social, and institutional frameworks, ensuring member states are better prepared to address global uncertainties, supply-chain interruptions, health crises, and climate hazards through robust, adaptable systems designed to encourage inclusive progress. The innovation pillar focuses on leveraging emerging technologies, including artificial intelligence, digital public infrastructure, and fintech, to refine service delivery, foster future-ready economic expansion, and promote joint knowledge-sharing and technological cooperation across the bloc. Through the cooperation pillar, India aims to deepen ties among members by enhancing policy alignment, development finance, trade facilitation, and joint engagement on multilateral governance reforms, placing practical collaboration and people-focused partnerships at the centre of the group's widening scope. Meanwhile, the sustainability pillar drives collective action on climate mitigation, green finance, energy transition, and sustainable development while respecting individual national developmental priorities. These issues are being placed at the core of dialogues across various ministerial and working-level forums throughout the presidency year. The grouping has evolved into a vital platform for diplomatic and political alignment among major emerging markets and developing countries, currently comprising 11 full members: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates. Additionally, a partner-country framework has been introduced, encompassing 10 countries, i.e., Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan, and Vietnam. Collectively, this expanded alliance holds significant demographic and economic influence, representing approximately 49.5 per cent of the global population, 40 per cent of world gross domestic product (GDP), and 26 per cent of international trade. Carrying forward this legacy, India's 2026 presidency bridges established reform goals with expanded priorities, placing resilience, innovation, cooperation and sustainability at the heart of the bloc's collective agenda. As leaders convene in New Delhi on the second day of the summit, discussions are expected to further shape the grouping's priorities and assess its evolving role in global governance, economic cooperation and sustainable development. The summit will also provide an opportunity for member countries to strengthen coordination on issues affecting developing nations and chart the path forward for the expanded Brics grouping. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 13 2026 | 8:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 13 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 13 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 13 2026 | 7:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 12 2026 | 10:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 12 2026 | 8:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 12 2026 | 7:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 12 2026 | 7:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 12 2026 | 5:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 12 2026 | 5:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NTPC Green Energy (NTPCGREEN) announced commercial operation of the second part capacity of 6.3 MW of its Vanki Wind Energy Project in Nakhatrana, Kutch, Gujarat with effect from on 13 September 2026. NTPC Green Energy remains India's largest renewable energy public sector enterprise (excluding hydro), with 35 operating solar projects, six operating wind projects and 28 offtakers. The company's consolidated profit after tax increased 38.3% YoY and 54.6% QoQ to Rs 304.84 crore in Q1 FY27. Revenue from operations increased 62.7% YoY and 21.3% QoQ to Rs 1,106.86 crore in the quarter ended 30 June 2026. The scrip had shed 0.96% to end at Rs 86.90 on the BSE on Friday. First Published: Sep 12 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Group retail firm Trent Ltd on Saturday said its value-fashion retail chain Zudio has crossed the 1,000-store milestone in the country. Zudio offers affordable propositions and has expanded rapidly since its launch in 2016, according to a regulatory filing by Trent. The brand's network now spans over 300 cities and has served more than 100 million customers over the past decade, the company said. Besides Zudio, Trent operates Westside, which is a large-format fashion store. It also has grocery business Star. As of June 30, 2026, Trent's store portfolio included 301 Westside and 29 stores across other lifestyle concepts, operated with a footprint of over 18 million sq ft across its fashion brands. In FY26, Trent's revenue was at Rs 19,701.41 crore. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 12 2026 | 3:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Sep 12 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GPT Infraprojects (GPTINFRA), through its wholly owned subsidiary Alcon Builders and Engineers, has received a contract worth Rs 85.53 crore from CSTE Con, Eastern Railway, Kolkata. The order entails commissioning of auto signalling work using MSDAC for continuous track circuiting and electronic interlocking work at New Mugma and Mugma Yard in the Pradhankunta-Mugma section of Eastern Railway, in connection with Sonnagar-Andal multitracking work. The project is to be executed within 12 months from the Letter of Acceptance. GPT Infraprojects is the flagship company of the GPT Group and is a premier infrastructure company based out of Kolkata. The company operates through two business divisionsinfrastructure and sleepers. It is engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for railways. In the sleeper segment, the company manufactures and supplies concrete sleepers for railways in India and Africa. On a consolidated basis, the companys net profit increased 4.90% YoY and declined 22.74% QoQ to Rs 24.63 crore in Q1 FY27. Net sales declined 3.38% YoY and 27.16% QoQ to Rs 302.07 crore in Q1 FY27. The scrip fell 1.15% to end at Rs 112.05 on the BSE on Friday. First Published: Sep 12 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Krystal Integrated Services has received a Letter of Commencement from Maha Mumbai Metro (M3) Operation Corporation for providing housekeeping, facade and internal roof cleaning services at Monorail stations under Package 4. The contract is valued at Rs 6.58 crore including GST and is to be executed over one year from September 16, 2026 to September 15, 2027. Krystal Integarted Services is a well-diversified service provider in integrated facility management services, staffing solutions, security services, catering, and waste management across India. The company specializes in sectors such as healthcare, education, city infrastructure, waste management, and the manufacturing segment, including state government entities, corporate clients, municipal bodies, and other government offices; airports; railways; metro infrastructure and retail. On the financial front, the companys consolidated net profit rose 51.39% to Rs 17.41 crore in Q1 FY27 from Rs 11.50 crore in Q1 FY26. Sales increased 11.65% to Rs 360.71 crore in Q1 FY27 from Rs 323.08 crore in the corresponding quarter of the previous year. The scrip had fell 1.33% to end at Rs 615.35 on the BSE on Friday. First Published: Sep 12 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Consultation paper seeks views on expiry-day settlement prices, market timings, order handling and information dissemination CAS was introduced in the equity cash segment for stocks with available derivatives contracts from 3 August 2026. Before CAS, the closing price was determined using the volume-weighted average price (VWAP) of trades executed during the last 30 minutes of the Continuous Trading Session (CTS). Under CAS, the closing price is determined through an equilibrium price discovery mechanism based on the aggregate buy and sell orders in the order book during the auction. SEBI said feedback from stock exchanges, trading members, broker associations, institutional investors and other market participants has highlighted the need to review certain aspects of CAS and the settlement methodology for derivatives. The review is particularly relevant on expiry days. Derivatives trading continues while underlying securities undergo the CAS price determination process. Trading activity in derivatives can remain significant around the close, while market participants may respond to evolving prices of the underlying securities during CAS. SEBI has proposed a review of the methodology for determining settlement prices of derivatives. This includes examining the relative timing and duration of CTS, CAS and derivatives trading. The regulator is also seeking views on certain operational aspects of CAS and information dissemination. A key part of the consultation is to provide greater clarity on the distinction between the Indicative Equilibrium Price (IEP), the final closing price and the settlement price of derivatives contracts. The IEP is the price emerging during CAS. The final closing price is determined at the conclusion of the auction. The derivatives settlement price is determined separately in accordance with the applicable settlement methodology. SEBI is considering alternative approaches to determining settlement prices for derivatives on expiry days. The proposals include a methodology based on a combination of the CAS-derived price and VWAP-based prices, as well as using the VWAP of trades during the Continuous Trading Session. The regulator is also examining the timing and duration of the different market sessions. The review is aimed at addressing the interaction between cash-market price discovery and derivatives trading around the close. SEBI has also sought views on operational aspects of the CAS framework, including order handling and information dissemination during the auction. The regulator noted that traded value during CAS may be lower than during comparable periods of CTS. It said the comparison needs to account for differences between the two mechanisms. CTS facilitates continuous trade execution, while CAS aggregates orders and executes them at a single equilibrium price. SEBI said participation and liquidity could evolve as market participants become more familiar with the auction mechanism. Participants may also adapt their trading strategies and practices. The regulator further observed that derivatives activity remains significant immediately before and around CAS. This includes the transition period between the cessation of CTS and commencement of the CAS order-entry phase. As part of its assessment, SEBI compared the premium traded in expiring benchmark index options on expiry days before and after the introduction of CAS. The pre-CAS period covered February 2026 to July 2026, while the post-CAS period covered 3 August to 3 September 2026. The comparison covered 26 expiries in the pre-CAS period and five expiries in the post-CAS period. SEBI said the review is part of broader measures aimed at encouraging participation in the cash market, improving the availability of securities for borrowing and lending, supporting hedging and arbitrage activity, and improving price discovery and liquidity in underlying securities. The CAS framework was preceded by two rounds of public consultation in December 2024 and August 2025. SEBI subsequently held discussions with stock exchanges, broker associations, institutional investors and other market participants. SEBI has invited comments and suggestions from stakeholders on the proposals. The responses must be submitted by 3 October 2026 through the regulator's public consultation portal. First Published: Sep 12 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 12 2026 | 1:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A lightning advance by Houthi rebels threatens a crucial Red Sea shipping route. Drone attacks blamed on Iraqi militias have forced the closure of a major pipeline, and Iran is still disrupting the Strait of Hormuz. It's a nightmare scenario for Saudi Arabia, and it has sent jitters through global markets. The Saudis' most essential ally, the United States, has been unpredictable and sometimes unreliable. US President Donald Trump seems reluctant to widen an already unpopular and stalemated Mideast war ahead of congressional elections. For Iran, the rebels' advance and closure of the pipeline ramp up global economic pressure as its grip over the Strait of Hormuz has been loosened. Michael Ratney, a former US ambassador to Saudi Arabia, said the latest developments are "incredibly frustrating" for the kingdom. "Despite their antipathy for the Iranians, this is a war they had never asked for, they had great trepidation about. And once it started, all of their worst-case scenarios started coming true." The Saudi government did not respond to a request for comment. But a Saudi official, who was not authorised to brief media and spoke on condition of anonymity, said the kingdom would defend itself and work with partners, including the United States, to ensure freedom of navigation in the Red Sea. Saudi hopes for a new Mideast have gone up in smoke Saudi Arabia's crown prince and de facto ruler, Mohammed bin Salman, has spent years trying to build a very different West Asia, with wide-ranging social and economic changes aimed at transforming the ultra-conservative kingdom into a global business hub in a more prosperous and integrated region. Those efforts suffered major setbacks after Hamas' October 7, 2023 attack on Israel, which triggered one war after another. When the US and Israel attacked Iran on February 28, it responded with missile and drone attacks on Saudi Arabia and other Gulf states, and effectively shut down the Strait of Hormuz, bottling up their oil and gas exports and jolting the world economy. Saudi Arabia escaped some of the worst effects by piping its oil across the Arabian Peninsula to the Red Sea, where it could be exported to Europe via Egypt's SUMED pipeline and the Suez Canal, or to Asia via a route running through the Bab el-Mandeb Strait, and toward the Indian Ocean. But tensions reignited with the Houthis in July, leading the rebels to declare a blockade of Saudi shipping and resume large-scale attacks for the first time in four years. Over the last two days, the Houthis have seized the port city of Mokha and a Red Sea island from Saudi-backed Yemeni government forces, enhancing the rebels' ability to block Saudi shipments through the Bab el-Mandeb. On Friday, Saudi Arabia said it shut down the pipeline leading from major oil fields in the east to the Red Sea in the west because of drone attacks originating in Iraq, where Iran supports powerful militias. Regional officials recently told The Associated Press that the Houthis have helped the Iraqi militias carry out attacks. Houthi attacks have already caused a plunge in Saudi oil exports to Asia, from around 3.4 million barrels a day in June to just 128,000 in August, though they had recovered somewhat this month to 700,000, according to figures compiled by Kpler, a global trade monitor. The Saudis have few options Saudi Arabia fought against the Houthis for years beginning in 2015, but its allies made little progress on the ground. The conflict killed an estimated 150,000 people and at times pushed Yemen to the brink of famine before a 2022 ceasefire. "Saudi Arabia has spent several years trying to move beyond the Yemen conflict and focus on economic transformation and regional stability," said Neil Quilliam, a West Asia expert at Chatham House. "Recent Houthi gains increase pressure on Riyadh to respond, but every available option carries significant costs and uncertain outcomes." The Saudis could step up their military response and try to dislodge the Houthis, but that would prolong the conflict and lead to even heavier Houthi attacks on Saudi energy infrastructure, said Sherwan Hindreen Ali, Middle East research manager at ACLED, a conflict monitoring group. "The kingdom already faced this in the past, but Houthi weaponry is more sophisticated now than it was back then, and the Saudis likely have less interceptor missiles available as a result of the US-Iran conflict," he said. The Saudis could also seek a diplomatic solution with either the Houthis or their patrons in Tehran. But the Houthis have demanded the lifting of a Saudi-led blockade, which would allow them to grow much stronger over the long term, and Iran has little interest in stabilising the region without securing major US concessions. US help may not be forthcoming For decades, Saudi Arabia and other Gulf states have relied on US security guarantees. Those have eroded under Trump, who did not respond during his first term when a 2019 attack claimed by the Houthis temporarily knocked out half of Saudi Arabia's oil supply. In February, the US joined Israel in attacking Iran without consulting its Gulf allies, and since then it has struggled to defend them from Iranian attacks. Trump launched an air campaign against the Houthis last year in response to earlier attacks on Red Sea shipping linked to the war in Gaza. But this time, US forces are heavily deployed around the Strait of Hormuz, where they are blockading Iran and trying to prevent attacks on shipping there. The fighting has visibly strained the US military and drawn down supplies of sophisticated interceptors. The war is also deeply unpopular and has eroded Trump's support after he had promised to keep the US out of Mideast wars. Launching another military campaign in Yemen could compound the struggles of fellow Republicans in tight House and Senate races. The White House did not respond to a request for comment on whether it plans to intervene in Yemen. Speaking more broadly about the war with Iran on Thursday, Trump shrugged aside the idea of increasing military pressure, as some US hawks have suggested. "Maybe I don't do that because of the election," he told Fox News' "The Ingraham Angle." Ratney, the former US ambassador, said it would be difficult for the Saudis to achieve their objectives without consistent US support, which they had at previous times while fighting the Houthis. "My understanding at this point is the White House is not enthusiastic about getting involved," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 12 2026 | 11:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 12 2026 | 11:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For a consideration of Rs 46 cr Vijaya Diagnostic Centre announced 100% acquisition of a well-established B2C focused integrated diagnostic centre, Arya Wellness Centre in Guwahati, Assam through a Business Transfer Agreement (BTA) for a consideration of Rs 46crore marking the Company's entry into the North-East India diagnostics market. The transaction is expected to close within ~ three months, subject to the fulfilment of customary Conditions Precedent (CPs) and other terms and conditions as set out in the BTA. Aligned with Vijaya's long-term growth strategy and its core principles of B2C-focused businesses, an integrated All Under One Roof' model and strategic geographic expansion, the transaction is a natural fit for the Company. It complements Vijaya's growing presence in West Bengal and extends its proven concentric-circles approach into the North-East, creating a strategic platform for further expansion across the region. First Published: Sep 12 2026 | 10:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Accuracy Shipping today announced that A.R.S. Terminals (India), a subsidiary in which Accuracy Shipping holds a 99.80% stake, has received a Letter of Intent (LoI) dated 10 September 2026, from the Central Board of Indirect Taxes and Customs (CBIC) for setting up a Container Freight Station (CFS) at Kandla, Gujarat. The proposed CFS, located at Plot No. 7, Sector 10B, Kandla, Gandhidham, Kachchh - 370201, Gujarat, marks a strategic expansion of Accuracy Shipping's presence in the container logistics and cargo handling segment. The facility will cater to the handling of import and export cargo and is expected to be operationalized within one year from the date of the LoI. With a planned storage capacity of approximately 5,000 containers per month and 80,000 containers annually, the facility is expected to strengthen the Company's ability to cater to growing cargo handling requirements in the region. The project entails an estimated capital expenditure of approximately Rs 25 crore, which is proposed to be funded through a combination of debt and internal accruals. At peak operations and full utilization, the CFS is expected to generate revenue of approximately Rs 175200 crore, with the EBITDA margin expected to grow to double-digit levels as operations scale up. First Published: Sep 12 2026 | 10:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 11 September 2026 The board also approved investment by way of subscription 49% equity in the Joint Venture Company (proposed to be incorporated). First Published: Sep 12 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 12 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Welspun Corp has received a communication from its wholly-owned subsidiary viz. Welspun DI Pipes (WDI) that the Board of Directors of WDI at its meeting held on 11 September 2026 has considered and approved incorporation of a wholly owned subsidiary in the name of 'Welspun Special Coating'. Accordingly, on incorporation, the said company shall become a step-down wholly owned subsidiary of WCL. The proposed company shall be incorporated with the object, to carry on the business of applying, providing, executing and undertaking all types of coating works including but not limited to polyolefin, polymers, fusion bonded epoxy, internal fusion bonded epoxy, epoxy, polyurethane, polyethylene, polypropylene, coal tar, blasting, painting, anti-corrosive, anti-rust, abrasion resistant, heat-resistant and other protective or functional coatings or any combination thereof. First Published: Sep 12 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
New entity, HEXCO GLOBAL HK, to support the group's heavy equipment and machinery business in East Asia The subsidiary was incorporated on 10 September 2026 under the name HEXCO GLOBAL HK LIMITED, according to an exchange filing by the company. The new entity will be engaged in the sale and purchase of heavy equipment, machinery, machinery spare parts and allied activities. Jinkushal Industries will hold 100% of the subsidiary. The subsidiary has a paid-up capital of 100 ordinary shares of $1,000 each, aggregating to $100,000. The entire subscription to the share capital will be made by Jinkushal Industries through a cash contribution. HEXCO GLOBAL HK is currently at the initial incorporation and commercial establishment stage and has not commenced commercial operations. The company said the entity has no revenue-generating operations, material turnover or business transactions as of the date of the disclosure. The subsidiary has been incorporated under the laws administered by the Registrar of Companies, Hong Kong Special Administrative Region. The company said further developments requiring disclosure under applicable regulations will be intimated in due course. Jinkushal Industries operates across three main business verticals: exports of customised and modified new construction machines, exports of used and refurbished construction equipment, and exports of its own HexL brand construction machines. The company also generates a small portion of revenue from construction machine rentals and logistics warehousing, along with limited support for clients selling used construction equipment. On a consolidated basis, Jinkushal Industries' net profit declined 59.36% to Rs 2.43 crore while net sales rose 15.87% to Rs 56.57 crore in Q1 June 2026 over Q1 June 2025. First Published: Sep 12 2026 | 9:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Under the revised framework, the Nifty 50 index will be disseminated live at a frequency of 100 milliseconds, or 0.10 second, compared with the current frequency of 250 milliseconds, or 0.25 second. The change follows NSE's earlier press release dated 22 April 2026 on increasing the real-time dissemination frequency of the Nifty 50, which took effect from 11 May 2026. The higher frequency will enable the Nifty 50 index to be disseminated five times every second, compared with four times a second under the current frequency. First Published: Sep 12 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 55.92% to Rs 200.55 crore First Published: Sep 12 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 27.67% to Rs 1624.63 crore First Published: Sep 12 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 26.02% to Rs 6031.23 crore First Published: Sep 12 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 40.26% to Rs 67.49 crore First Published: Sep 12 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Sep 12 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 12 2026 | 8:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 12 2026 | 8:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 12 2026 | 12:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content UBR × DISRPTVE brings PEEP Beauty to market through its integrated venture-building model First Published: Sep 12 2026 | 12:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Push for a new order What Brics finance ministers and central bank governors called for: First Published: Sep 11 2026 | 11:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 11:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 11:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 9:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 9:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 9:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 9:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 9:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 9:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 9:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 9:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 9:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 9:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 9:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 9:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 8:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 8:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 8:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 8:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 7:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 7:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 7:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This engagement covers the computer servers, storage Systems, SAN-Switches, Tape Library and backup architecture with Silver Touch committed to ensuring application uptime services at a 99% SLA that empower GUVNL's e-Urja platform, the ERP backbone connecting the state's electricity generation, transmission and distribution utilities and serving over a crore consumer. First Published: Sep 11 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With annual business potential of Rs 33 cr Raymond announced that during the quarter the Company's Aerospace subsidiary secured significant new aerospace business from a leading Indian aerospace and defence major. The award covers more than 300+ part numbers precision-machined, casting and structural across multiple aircraft applications, with annual volumes exceeding 37,000+ components. At expected production rates, this represents annual business potential of approximately Rs 33 crore. Production commences progressively across 2026 and 2027. Scope spans precision machining, aerospace castings, structural components and complex assemblies, extending the Company's participation across a wider portion of the aerospace value chain. First Published: Sep 11 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 7:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 7:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 7:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With effect from 16 September 2026 First Published: Sep 11 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
- Long-term Corporate Family Rating (CFR) and Senior Secured Debt Rating from Ba3 to Ba2; - Senior Secured Medium-term Note Programme from (P)Ba3 to (P)Ba2; and - The outlook has been revised from 'Positive' to 'Stable' The rating action reflects the Company's strong business, financial, and risk profile as an Upper Layer NBFC. First Published: Sep 11 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Footwear major has multiple growth triggers, regulatory tailwinds This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company also allotted 2,49,750 fully convertible warrants at an issue price of Rs 2,002 per warrant (including a premium of Rs 1,992 per warrant) for an aggregate amount of Rs 49.99 crore to the promoter of the company on receipt of Rs 12.49 crore being 25% of the warrant subscription price. First Published: Sep 11 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HSBC First Published: Sep 11 2026 | 6:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 6:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The index provides exposure to companies involved in critical infrastructure and services supporting AI deployment and adoption. These include computing and IT infrastructure, connectivity, power and electrification, cooling systems, engineering and construction, and cables and materials supporting digital infrastructure. NSE Indices said the index is designed to capture the broader investment opportunity arising from rising AI adoption, including expected investments in data centres, computing capacity, energy infrastructure and connectivity networks. The Nifty AI Catalysts Index follows a rules-based methodology and comprises 48 constituents. Stocks are weighted based on free-float market capitalisation, subject to a maximum weight of 3% for an individual stock. The index has a base date of 28 June 2024 and a base value of 1,000. It was launched on 11 September 2026. The index will be reconstituted semi-annually in June and December and rebalanced quarterly in March, June, September and December. The index's sector representation is led by capital goods at 32.02%, followed by power at 22.33%, telecommunications at 12.51%, metals and mining at 12.25%, information technology at 5.31% and construction at 5.15%. Consumer durables, chemicals, automobile and auto components and services account for the remaining weight. Among the top constituents by weight are HCL Technologies at 3.63%, Bharat Heavy Electricals at 3.26%, Hindalco Industries at 3.21%, Jindal Steel at 3.14%, Indus Towers at 3%, Bharti Airtel at 3%, Tata Steel at 2.96%, Larsen & Toubro at 2.96%, Polycab India at 2.94% and Hitachi Energy India at 2.94%. The index had a total return of 29.98% over one year, according to the factsheet. Since inception (28 June 2024), the total return was 5.47%. The index is intended to serve as a benchmark for asset managers and as a reference index for passive investment products such as exchange-traded funds, index funds and structured products. First Published: Sep 11 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 1.85 crore shares as against 1.30 crore shares on offer. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 322 and 339 per share. An investor can bid for a minimum of 44 equity shares and multiples thereof. The initial public offer (IPO) consists of fresh issue to raise Rs 320 crore. The IPO also comprises of offer for sales (OFS) of 1.43 crore equity shares to raise Rs 475-485 crore, from the promoter - Manipal Technologies. The promoter shareholding in the company will decline to 53.92% post- IPO from 62.65% pre-IPO. The company proposes to utilize Rs 238.43 crore out of the fresh issue proceeds of Rs 320 crore for funding the capital expenditure requirements towards purchasing and setting up of new and second-hand equipment at (a) card manufacturing facility, personalization bureau and cheque printing facility in Manipal, (b) personalization bureau and cheque printing facility in Chennai, Noida, and personalization bureau in Navi Mumbai, (c) cheque printing facilities in Navi Mumbai and Howrah, (d) central cards processing centers at Chhattisgarh RTO, and (e) Smart Tagging and IoT Solutions facility in Manipal and balance towards general corporate purposes. Of the proposed capex of Rs 238.43 crore to be funded from IPO, Rs 170.4 crore would be spent in FY2027 itself, Rs 18.96 crore in FY2028 and Rs 49.07 crore in FY2029. Ahead of the IPO, Manipal Payment and Identity Solutions on Tuesday, 8 August 2026, raised Rs 362.25 crore from anchor investors. The board allotted 1.06 crore shares at Rs 339 each to 36 anchor investors. Manipal Payment and Identity Solutions (MPI), incorporated in 2008, provides payment, identification, secure, smart tagging and Internet of Things (IoT) solutions to banks, fintechs, non-banking financial companies and government entities across domestic and international markets. Its product portfolio includes payment cards, cheque solutions, NFC/QR codes, payment-enabled wearables, driving licences, registration certificates, national identity cards, secure logistics, security-enhanced packaging, excise labels, RFID-based track-and-trace and anti-counterfeiting solutions. The company catered to over 300 customers in FY26 through 10 facilities across India and had over 1,800 employees as of March 2026. However, its payment solutions segment faces challenges from the shift towards digital payments, growing preference for cardless transactions and rapid technological advancements. Outstanding debt stood at Rs 116.18 crore as of June 2026. The firm reported a consolidated net profit of Rs 253.46 crore and sales of Rs 1,326.75 crore for the twelve months ended on 31 March 2026. First Published: Sep 11 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 74.19 crore shares as against 3.69 crore shares on offer. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 132 and 139 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. The initial public offer (IPO) consists entirely of offer for sales (OFS) of 5.27 crore equity shares to raise Rs 696-733 crore with price band of Rs 132-139 per equity share of face of Rs 10. The promoters, Avenue India Resurgence Pte is selling 2.5 crore equity shares and State Bank of India 1.1 crore equity shares. The promoter shareholding in the company will decline to 78.67% post- IPO from 89.68% pre-IPO. Among the selling shareholders, Lathe Investment Pte is selling 1.6 crore equity shares and The Federal Bank 0.1 crore equity shares through OFS. Ahead of the IPO, Asset Reconstruction Company (India) on Tuesday, 8 August 2026, raised Rs 219.89 crore from anchor investors. The board allotted 1.58 crore shares at Rs 139 each to 21 anchor investors. Asset Reconstruction Company (India) (ARCIL), incorporated in 2003, is Indias first asset reconstruction company and is engaged in acquiring stressed assets from banks and financial institutions and implementing resolution strategies through restructuring, enforcement and settlements to maximize recoveries and optimize asset value. The company operates across corporate, SME and retail loan segments through 13 offices across 12 states and had 206 employees as of March 2026. Its AUM grew at a 3-year CAGR of 11% to Rs 20,149 crore as of March 2026, while cumulative principal debt acquired since inception stood at Rs 89,909 crore at a cost of Rs 44,114 crore, with recoveries of Rs 31,915 crore. ARCIL is promoted by Avenue India Resurgence Pte, an affiliate of Avenue Capital Group, and State Bank of India, which held 69.73% and 19.95%, respectively. Phanindranath Kakarla is the CEO & MD and Pramod Gupta is the CFO. The company had a robust capital adequacy ratio of 65.31% as of March 2026. The firm reported a consolidated net profit of Rs 228.76 crore and sales of Rs 4,311.98 crore for the twelve months ended on 31 March 2026. First Published: Sep 11 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 158.68 crore shares as against 2.17 lakh shares on offer. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 384 and 404 per share. An investor can bid for a minimum of 37 equity shares and multiples thereof. The offer comprises a fresh issue of equity shares of Rs 1 each, aggregating to Rs 150 crore. Of the net proceeds from the fresh issue, the company intends to use Rs 70 crore towards prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the company; Rs 42.50 crore towards payment of lease rental/license fee for its warehouses and experience stores; and the balance towards general corporate purposes. Rentomojo, founded by Geetansh Bamania, is a technology-driven, full-stack D2C online rental and subscription platform for furniture and appliances in India. The company offers flexible subscription plans for home essentials, eliminating large upfront purchases and providing delivery, installation, maintenance, relocation and refurbishment services. Rentomojo is the market leader in the organised home furniture and appliances rental market, excluding water purifiers, with an estimated 42%-47% share of subscription revenue in FY2025. As of March 2026, it had 253,825 live subscribers across 29 cities, 851,184 live products and 82 experience stores across 17 cities. The company operates an integrated asset-lifecycle model covering procurement, refurbishment, servicing, reverse logistics and redeployment, supporting recurring revenue and customer retention. Ahead of the IPO, Rentomojo on Tuesday, 8 August 2026, raised Rs 362.25 crore from anchor investors. The board allotted 1.06 crore shares at Rs 339 each to 36 anchor investors. The firm reported a consolidated net profit of Rs 253.46 crore and sales of Rs 1,326.75 crore for the twelve months ended on 31 March 2026. First Published: Sep 11 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee pared most of its initial losses and settled at 95.57 (provisional) against the US dollar, down by 5 paise, on Friday, helped by a correction in crude oil prices and possible RBI intervention. The rupee opened on a negative note but pared some losses on suspected RBI intervention, a slight recovery in domestic stock markets from the day's lows and profit booking in crude oil prices at higher levels. Indian shares ended Friday's session lower as Middle East tensions persisted, and investors awaited key U.S. CPI data later in the day for additional clues on the Federal Reserve's rate trajectory. However, after crashing nearly 1 percent earlier in the session, benchmark indexes Sensex and Nifty sharply recovered most of their losses to end the day only with modest cuts. NIFTY 50 closed at 23,398.10, down by 79.70 points while BSE SENSEX finished at 74,781.76, dropping 120.83 points. First Published: Sep 11 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 3.04 crore shares as against 2.13 crore shares on offer. The IPO will remain open for subscription until 16 September 2026. The price band has been fixed at Rs 40 to Rs 43 per share, with a minimum bid of 348 equity shares and multiples thereof. The issue comprises a fresh issue of shares aggregating up to Rs 92.50 crore and an offer for sale of up to 76.74 lakh equity shares. At the upper price band, the OFS is worth around Rs 33 crore. Of the proceeds from the fresh issue, Rs 54.93 crore will be used for capital expenditure towards the purchase of plant and machinery. The company expects the proposed expansion to increase its installed capacity to 38,000 tonnes per annum from the existing 29,200 tonnes per annum. Another Rs 15 crore will be used for repayment or pre-payment, in part or full, of certain borrowings, with the remaining funds earmarked for general corporate purposes. Manika Plastech manufactures rigid polymer packaging products, including battery casings, pails and thinwall containers. Its products cater to industries such as automotive, energy storage, telecommunications, paints, lubricants, agrochemicals, construction chemicals, food and dairy. The company operates seven facilities, including six manufacturing facilities in Dehradun, Hosur, Panipat, Una and Dadra, and one paint facility in Hosur. These facilities have a combined installed capacity of 29,200 tonnes per annum and cover more than 51,000 square metres. Manika Plastech served between 168 and 242 customers across 24 states and union territories during the last three financial years. Its top 20 customers had an average relationship tenure of more than 10 years as of 30 June 2026. 242 For FY2026, consolidated sales increased 7.3% to Rs 435.98 crore. Operating profit rose 28.3% to Rs 58.14 crore, while the operating profit margin improved to 13.34% from 11.14% in FY2025. Profit before tax increased 19.7% to Rs 30.44 crore, while profit after tax rose 15.9% to Rs 22.40 crore. For the three months ended June 2026, net profit stood at Rs 13.07 crore on net sales of Rs 162.45 crore. The operating profit margin for the quarter was 15.01%. The company had consolidated borrowings of Rs 92.46 crore as of 30 June 2026, compared with Rs 88.19 crore as of 31 March 2026. The proposed Rs 15 crore debt repayment from the fresh issue proceeds is expected to reduce its interest burden. The company has identified customer concentration, dependence on repeat orders, crude oil-linked raw material prices, working capital requirements and reliance on leased manufacturing sites among the key risks to its business. Its top five customers accounted for 58.75% of revenue in the three months ended June 2026 and 62.95% in FY2026. First Published: Sep 11 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 114.74 crore shares as against 3.76 crore shares on offer. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 77 and 81 per share. An investor can bid for a minimum of 185 equity shares and multiples thereof. The offer consists of both a fresh issue and an offer for sale component (OFS). The fresh issue will include 8,39,50,617 shares aggregating up to Rs 353 crore at the upper price band of Rs 81. The OFS includes 75,30,864 shares of Rs 2 aggregating up to Rs 61.0 crore at the upper price band of Rs 81. The total number of shares are 9,14,81,481 shares, aggregating up to Rs 414 crore at upper price band of Rs 81. The funds raised to the tune of Rs 180 crore will be used towards repayment or prepayment of all or a portion of certain outstanding borrowings availed by the company, Rs 75.95crore will be utilised towards capacity expansion of Ankaleshwar and Ponali facilities, Rs 38.17 crore towards funding capital expenditure in relation to the setting up of a manufacturing facility for generation of steam at Dahej GIDC (Phase II) and the balance for general corporate purposes. Steamhouse India (SIL) specializes in the generation and centralized pipeline distribution of industrial gases, primarily steam and nitrogen, to industrial customers and is a pioneer of the community boiler system in India. Its core business involves generating and distributing steam through community boilers and pipeline networks, purchasing and redistributing steam, and supplying nitrogen through a distributed pipeline network. In 2025, the company expanded into nitrogen production and became the only company in India to supply nitrogen through a distributed pipeline network. SIL also undertakes coal trading on an invoice-only basis, which contributed 26.9% of total revenue in FY26. The company operates seven community steam boilers in Gujarat with a combined installed capacity of 345 tonnes per hour and maintained a 60,151-metre operational pipeline network as of 31 July 2026. Its steam plants cater to customers across chemical, pharmaceutical, agro-chemical, textile, tyre, dyes and pigments, polymers and paint industries, with customers including Aether Industries, Anupam Rasayan India and Gujarat Polysol Chemicals. The companys focus remains on expanding its capacity while reducing its debt burden. Ahead of the IPO, Steamhouse India on Tuesday, 8 August 2026, raised Rs 124.19 crore from anchor investors. The board allotted 1.5 crore shares at Rs 81 each to 6 anchor investors. The firm reported a consolidated net profit of Rs 38.64 crore and sales of Rs 491.51 crore for the twelve months ended on 31 March 2026. First Published: Sep 11 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 159.17 crore shares as against 54.43 lakh shares on offer. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 241 and 254 per share. An investor can bid for a minimum of 59 equity shares and multiples thereof. The offer comprises a fresh issue of equity shares of Rs 10 each aggregating to Rs 675 crore and an offer for sale of equity shares aggregating to Rs 200 crore by promoters [Rs 100 crore each by Tanveer Singh and Rajiv Singh]. Of the net proceeds from the fresh issue, the company intends to use Rs 600 crore towards prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the company and balance towards general corporate purposes. Karamtara Engineering, promoted by Tanveer Sing, Rajiv Sing and Inderjeet Singh, is the largest integrated manufacturer of solar mounting structures and tracker components in India in terms of installed capacity. The company manufactures solar module mounting structures, solar tracker piles and piers, solar torque tubes, transmission towers, wind turbine towers, fasteners, structural steel profiles and OHTL hardware fittings and accessories, making it a one-stop solution for solar structures. Solar energy products contributed 78.99% of FY26 revenue, while renewable products accounted for 82.12%. The company has a global presence, exporting to over 50 countries, with exports contributing 40.52% of FY26 revenue, including 34.48% from the US. It operates 13 manufacturing units across India and Italy, with aggregate installed capacity of 889,200 MTPA in India and in-house galvanizing capacity of 276,800 MTPA. The company is expanding its manufacturing capabilities through new facilities for structural steel profiles and solar stamping parts and plans to enter battery energy storage systems and prefabricated engineered building structures. It has also acquired a 26% stake in Clean Max Ame to develop wind and solar power projects for captive consumption. Ahead of the IPO, Karamtara Engineering on Tuesday, 8 August 2026, raised Rs 262.49 crore from anchor investors. The board allotted 1.03 crore shares at Rs 254 each to 15 anchor investors. The firm reported a consolidated net profit of Rs 228.76 crore and sales of Rs 4,311.98 crore for the twelve months ended on 31 March 2026. First Published: Sep 11 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 101.52 crore shares as against 54.43 lakh shares on offer. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 139 and 146 per share. An investor can bid for a minimum of 102 equity shares and multiples thereof. The offer comprises fresh issue of equity shares of Rs 5 each aggregating to Rs 258 crore and an offer for sale of 11585000 equity shares The OFS component is entirely by promoters. Of the net proceeds from the fresh issue, the company intends to use Rs 180 crore towards prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the company; Rs 14.691 crore towards purchase of equipment; and balance towards general corporate purposes. LCC Projects, promoted by Arjan Suja Rabari and Laljibhai Arjanbhai Ahir, is a multidisciplinary engineering, procurement and construction (EPC) company primarily engaged in irrigation and water supply projects, with over two decades of experience in executing dams, barrages, weirs, canals, hydraulic structures, pipe distribution networks, lift irrigation and water supply schemes. The company has also undertaken projects in metro rail, mining and renewable energy and plans to diversify into solar and wind power, wastewater management, desalination, railways, sewerage and O&M projects. It recently established a manufacturing unit at Jaspur, Gujarat, for precast concrete solutions. Irrigation and water supply projects contributed 87.44% of revenue in FY26, while government departments accounted for 89.34% of revenue. As of 31 March 2026, its order book stood at Rs 7,953.18 crore across 103 projects, with irrigation and water supply projects accounting for 83.26% and government customers for 79.07% of the order book. Ahead of the IPO, LCC Projects on Tuesday, 8 August 2026, raised Rs 128.14 crore from anchor investors. The board allotted 87.76 lakh shares at Rs 146 each to 11 anchor investors. The firm reported a consolidated net profit of Rs 286.57 crore and sales of Rs 3,600.25 crore for the twelve months ended on 31 March 2026. First Published: Sep 11 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The key equity indices ended lower on Friday after a gap-down opening, as escalating tensions in the Middle East and a sharp rise in crude oil prices weighed on investor sentiment. The sell-off eased from the day's lows, but the Nifty remained below the 23,400 level, dragged by weakness in metal and auto shares. Brent crude surged amid concerns over supply disruptions, while the US 10-year Treasury yield moved close to 5%, adding to pressure on risk assets. Concerns over persistent inflation also intensified after US producer prices rose 5.4% year-on-year in August. The data, along with a decline in weekly jobless claims, strengthened expectations of tighter Federal Reserve policy, with markets pricing in a roughly 70% probability of a rate hike at the upcoming meeting. The market will remain closed on Monday, 14 September 2026, on account of Ganesh Chaturthi. The S&P BSE Sensex declined 120.83 points or 0.16% to 74,781.76. The Nifty 50 index fell 79.70 points or 0.34% to 23,398.10. Hindalco Industries (down 3.21%), State Bank of India (down 1.39%) and Reliance Industries (down 1.30%) were major Nifty drags today. In the broader market, the BSE 150 MidCap Index fell 0.35% and the BSE 250 SmallCap Index rose 0.49%. The market breadth was negative. On the BSE, 1,739 shares rose and 2,612 shares fell. A total of 230 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 3.92% to 12.26. Numbers to Track: In the commodities market, Brent crude for November 2026 settlement declined $3.89 or 3.61% to $103.74 a barrel. The United States 10-year bond yield declined 0.04% to 4.942. The yield on India's 10-year benchmark federal paper rose 0.52% to 7.017 compared with the previous session close of 6.981. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.5600 compared with its close of 95.5200 during the previous trading session. MCX Gold futures for 5 October 2026 settlement shed 0.15% to Rs 1,52,108. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.09% to 99.15. Global Markets: The US Dow Jones index futures were up 277 points, pointing to a higher opening for US stocks on Friday. However, the broader global market backdrop remained cautious as investors assessed surging crude oil prices, rising bond yields and the risk of further monetary tightening. European markets traded higher on Friday after data showed that the UK economy expanded faster than expected in July. UK gross domestic product (GDP) grew 1.6% year on year in July, while monthly output increased 0.4%, following growth of 0.3% in June and a flat reading in May. Most Asian shares ended lower on Friday as investors reacted to the latest escalation in the Middle East and the resulting jump in energy prices. Japan's wholesale inflation rose 7.6% in August from a year earlier, BOJ data showed. It followed a revised 7.7% gain in July. Brent crude was trading around $108.35 a barrel, down 0.54%, after jumping 5.9% on Thursday to settle at $107.63. The rise in crude prices has intensified concerns that a prolonged conflict could keep global inflation elevated. The latest escalation has also raised concerns over shipping through key Middle Eastern and Red Sea routes, adding to uncertainty over the availability and cost of crude supplies. US stocks fell for a fourth consecutive session on Thursday. The Dow Jones Industrial Average declined 316.56 points, or 0.60%, to 52,064.10, while the S&P 500 fell 0.58% to 7,591.70 and the Nasdaq Composite declined 0.65% to 26,081.72. The S&P 500's four-session losing streak came as investors reassessed the outlook for inflation and interest rates following the surge in oil prices. The sell-off in equities was accompanied by a sharp rise in US Treasury yields. The 10-year yield moved close to 5%, reaching levels not seen since 2023, while the 30-year yield also climbed to a multi-year high. Higher yields increase borrowing costs and can put pressure on equity valuations, particularly interest-rate-sensitive and growth stocks. Investors are also digesting the latest US inflation data. The Producer Price Index for final demand increased 0.4% month-on-month in August, while prices rose 5.4% from a year earlier. Energy prices were a major contributor, with final-demand energy prices rising 4.2% in August and diesel prices jumping 24.1%. Attention now turns to the US Consumer Price Index for August, due later on Friday. The CPI will be closely watched ahead of the Federal Reserve's September 15-16 meeting, as policymakers assess whether higher energy prices are feeding into broader inflation. Markets are currently pricing roughly a 70-71% probability of a 25-basis-point Fed rate hike next week, according to CME FedWatch data. Stocks in Spotlight: Cochin Shipyard slumped 9.17% after the company's FY27 EBITDA margin guidance of around 14% disappointed investors. During an analyst call on Thursday, the company guided for FY27 revenue growth of 12%, with potential to reach 15%. However, it expects the EBITDA margin to stabilise at around 14% in FY27, compared with 24% in FY26. Cochin Shipyard expects shipbuilding margins to settle at 10%-12%, while ship repair margins are expected to be at 22%-24%. The company expects its revenue mix to comprise around 70% shipbuilding and 30% ship repair going forward. Diamond Power Infrastructure rose 5% after the company announced that it had completed its exit from the resolution framework under the Insolvency and Bankruptcy Code (IBC). The process was administered through the National Company Law Tribunal (NCLT). Shankesh Jewellers rallied 2.94% after the company reported a 100.14% surge in consolidated net profit to Rs 43.23 crore in Q1 FY27 compared with Rs 21.60 crore in Q1 FY26. Revenue from operations jumped 55.06% YoY to Rs 423.57 crore in Q1 FY27. Neogen Chemicals shed 0.07%. The company announced that its fund-raising committee has approved the opening of a Qualified Institutions Placement (QIP) of equity shares aggregating up to Rs 600 crore. The committee fixed 10 September 2026 as the relevant date for the issue and approved a floor price of Rs 2,189.73 per equity share, determined in accordance with SEBI regulations. Premier Energies slipped 0.65%. The company said that it has entered into a binding term sheet with RCT India, part of RCT Group, Germany, to form a joint venture (JV) to establish a 12 GWh battery energy storage system (BESS) manufacturing facility in Telangana. JSW Infrastructure lost 0.42%. The company said that it has completed the acquisition of NCR Rail Infrastructure through its wholly owned step-down subsidiary Khurja Rail Terminal, effective 10 September 2026. The acquisition consideration is Rs 467.47 crore, with a further Rs 41.94 crore paid for approximately 39.57 acres from Arshiya under the resolution plan. APL Apollo Tubes fell 1.88%. The company announced that it has incorporated an associate company, SG Enterprise Solutions, which will provide common corporate support services to participating group entities through a centralised shared services model. Initial Public Offer (IPO): Manika Plastech received bids for 3,04,31,904 shares as against 2,13,86,919 shares on offer, according to stock exchange data at 16:57 IST on 11 September 2026. The issue was subscribed 1.42 times. The issue opened for bidding on 11 September 2026 and will close on 16 September 2026. The price band of the IPO is fixed between Rs 40 and 43 per share. An investor can bid for a minimum of 348 equity shares and multiples thereof. Veegaland Developers received bids for 1,30,47,259 shares as against 1,13,07,692 shares on offer, according to stock exchange data at 16:57 IST on 11 September 2026. The issue was subscribed 1.15 times. The issue opened for bidding on 10 September 2026 and will close on 15 September 2026. The price band of the IPO is fixed between Rs 130 and 140 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. LCC Projects received bids for 1,01,50,20,870 shares as against 2,09,27,281 shares on offer, according to stock exchange data at 16:57 IST on 11 September 2026. The issue was subscribed 48.50 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 139 and 146 per share. An investor can bid for a minimum of 102 equity shares and multiples thereof. Asset Reconstruction Company (India) received bids for 74,18,32,284 shares as against 3,69,12,363 shares on offer, according to stock exchange data at 16:57 IST on 11 September 2026. The issue was subscribed 20.10 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 132 and 139 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. Steamhouse India received bids for 1,14,69,16,565 shares as against 3,76,36,363 shares on offer, according to stock exchange data at 16:57 IST on 11 September 2026. The issue was subscribed 30.47 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 77 and 81 per share. An investor can bid for a minimum of 185 equity shares and multiples thereof. Manipal Payment and Identity Solutions received bids for 1,85,07,148 shares as against 1,30,60,472 shares on offer, according to stock exchange data at 16:57 IST on 10 September 2026. The issue was subscribed 1.42 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 322 and 339 per share. An investor can bid for a minimum of 44 equity shares and multiples thereof. Rentomojo received bids for 1,58,66,30,892 shares as against 2,17,72,311 shares on offer, according to stock exchange data at 16:57 IST on 11 September 2026. The issue was subscribed 72.87 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 384 and 404 per share. An investor can bid for a minimum of 37 equity shares and multiples thereof. Karamtara Engineering received bids for 1,59,14,48,477 shares as against 2,54,14,937 shares on offer, according to stock exchange data at 16:57 IST on 11 September 2026. The issue was subscribed 62.62 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 241 and 254 per share. An investor can bid for a minimum of 59 equity shares and multiples thereof. First Published: Sep 11 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rob Kaan, Head of Asia Pacific and Strategic Initiatives at Corteva First Published: Sep 11 2026 | 5:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 11 2026 | 5:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 105.92 crore shares as against 1.16 crore shares on offer. The initial public offer (IPO) of Kanohar Electricals received bids for 1,05,92,88,437 shares as against 1,16,93,326 shares on offer. The issue was subscribed 90.59 times. The qualified institutional buyers' (QIB) portion was subscribed 215.37 times, while the non-institutional investors' (NII) category was subscribed 87.74 times. The retail individual investors' (RII) segment was subscribed 20.51 times. The issue opened for bidding on 8 September 2026 and closed on 10 September 2026. The price band of the IPO is fixed between Rs 601 and 632 per share. The offer comprises a fresh issue of equity shares of Rs 2 each, aggregating to Rs 300 crore and an offer for sale of 11957915 equity shares. The offer for sale component consists entirely of sale by K Sons Family Trust, a promoter selling shareholder. The company proposes to utilize Rs 64.18 crore from the net proceeds of the fresh issue towards capital expenditure requirements, including the purchase of plant and machinery for its Gangol plant to increase transformer manufacturing capacity, expand and automate backward integration facilities, and enhance operational efficiency. The funds will also be used for the construction of an office building at the Gangol plant and for sustainability initiatives, including setting up solar power plants at its facilities and purchasing electric vehicles for handling and movement activities at the Gangol plant. Further, the company intends to utilise Rs 155 crore towards funding incremental working capital requirements, while the balance of the net proceeds will be utilised for general corporate purposes. Ahead of the IPO, Kanohar Electricals on Monday, 7 September 2026, raised Rs 316.72 crore from anchor investors. The board allotted 50.11 lakh shares at Rs 632 each to 42 anchor investors. Kanohar Electricals, promoted by Dinesh Singhal, a technocrat, is one of leading domestic manufacturer of transformers in the country catering to high growth industries such as power transmission, railways, renewable energy, and power distribution. Apart from manufacturing transformers, the company is also undertaking EPC projects in power T&D sector. Across its transformer manufacturing business and EPC business, it have successfully executed orders domestically in the states of Punjab, Rajasthan, Gujarat, Assam, Himachal Pradesh, Bihar, Maharashtra, Madhya Pradesh, Jharkhand, Karnataka, and overseas in Taiwan. The transformer manufacturing business accounted for the majority of the companys revenue from operations in FY26, contributing 83.43%, while the EPC business accounted for 16.44% and distribution transformers business contributed the remaining 0.13%. Of the FY26 revenue from operations, approximately 85.37% was generated from tenders awarded by government entities, comprising 46.92% from central government entities and 38.45% from state government entities. As of 31 March 2026, the company had an order book of Rs 1,818.32 crore, with the transformer manufacturing business accounting for 89.19% of the total order book and the EPC business contributing the remaining 10.81%. The firm reported a consolidated net profit of Rs 129.73 crore and sales of Rs 653.84 crore for the three months ended on 31 March 2026. First Published: Sep 11 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 134.37 crore shares as against 1.64 crore shares on offer. The qualified institutional buyers' (QIB) portion was subscribed 167.93 times, while the non-institutional investors' (NII) category was subscribed 79.71 times. The retail individual investors' (RII) segment was subscribed 33.18 times. The issue opened for bidding on 8 September 2026 and closed on 10 September 2026. The price band of the IPO is fixed between Rs 172 and 182 per share. The offer comprises fresh issue of equity shares of Rs 2 each aggregating to Rs 60 crore and an offer for sale of 20213722 equity shares. The offer for sale component consists of sale of 14943048 equity shares by India Business Excellence Fund IIA, an investor selling shareholder and balance 5270674 equity shares by promoters. Of the net proceeds from fresh issue, the company intends to use Rs 50 crore to fund capital expenditure requirements for setting up of GPU project as part of planned backward integration of the company at its Vile Bhagad facility and balance towards general corporate purposes. Glass Wall Systems (India) is a fade and fenestration solutions provider catering to real estate developers, hospitals, airport authorities, contractors and corporate clients in India, as well as customers in the USA and Australia. The company offers customized fade, curtain wall, skylight, canopy, rain screen cladding, aluminium doors and windows, and other architectural solutions across three verticalsdomestic fade solutions, international fade products supply and fenestration solutions. It has completed 158 projects and had an order book of Rs 981.55 crore as of March 31, 2026. The company operates a manufacturing facility at Vile Bhagad, Maharashtra, with a capacity of 130 panels per day, and is setting up an in-house glass processing unit to support backward integration. Ahead of the IPO, Glass Wall Systems (India) on Monday, 8 August 2026, raised Rs 128.36 crore from anchor investors. The board allotted 70.35 lakh shares at Rs 182 each to 15 anchor investors. The firm reported a consolidated net profit of Rs 83.79 crore and sales of Rs 456.97 crore for the twelve months ended on 31 March 2026. First Published: Sep 11 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As per provisional closing data, the S&P BSE Sensex tanked 120.83 points or 0.16% to 74,781.76. The Nifty 50 index lost 79.70 points or 0.34% to 23,398.10. In the broader market, the BSE 150 MidCap Index declined 0.59% and the BSE 250 SmallCap Index shed 0.03%. The market breadth was negative. On the BSE, 2,018 shares rose and 2,470 shares fell. A total of 241 shares were unchanged. India to Hold 18th BRICS Summit on 12-13 September: India assumed the BRICS presidency for 2026, its fourth after 2012, 2016 and 2021, and will host the 18th BRICS Summit in New Delhi on 12-13 September 2026 under the theme "Building for Resilience, Innovation, Cooperation, and Sustainability." During its chairship, more than 350 meetings and high-level engagements have been held across 25 Indian cities, with the agenda focusing on practical cooperation in areas including agriculture, healthcare, digital technology, energy, urban infrastructure, MSMEs, startups, logistics, global value chains, and customs. Key initiatives include the BRICS Startup Innovation Fund, MSME Cooperation Portal, Digital Agriculture Network, Smart Grids and Energy Storage platform, Urban Mobility Hub, and Logistics Supply-Chain Cooperation Framework. Initial Public Offer (IPO): Veegaland Developers received bids for 1,22,59,739 shares as against 1,13,07,692 shares on offer, according to stock exchange data at 15:15 IST on 11 September 2026. The issue was subscribed 1.08 times. The issue opened for bidding on 10 September 2026 and will close on 15 September 2026. The price band of the IPO is fixed between Rs 130 and 140 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. Manika Plastech received bids for 2,46,01,860 shares as against 2,13,86,919 shares on offer, according to stock exchange data at 15:15 IST on 11 September 2026. The issue was subscribed 1.15 times. The issue opened for bidding on 11 September 2026 and will close on 16 September 2026. The price band of the IPO is fixed between Rs 40 and 43 per share. An investor can bid for a minimum of 348 equity shares and multiples thereof. LCC Projects received bids for 82,14,76,074 shares as against 2,09,27,281 shares on offer, according to stock exchange data at 15:15 IST on 11 September 2026. The issue was subscribed 39.25 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 139 and 146 per share. An investor can bid for a minimum of 102 equity shares and multiples thereof. Asset Reconstruction Company (India) received bids for 68,86,99,615 shares as against 3,69,12,363 shares on offer, according to stock exchange data at 15:15 IST on 11 September 2026. The issue was subscribed 18.66 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 132 and 139 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. Steamhouse India received bids for 96,36,97,745 shares as against 3,76,36,363 shares on offer, according to stock exchange data at 15:15 IST on 11 September 2026. The issue was subscribed 25.61 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 77 and 81 per share. An investor can bid for a minimum of 185 equity shares and multiples thereof. Manipal Payment and Identity Solutions received bids for 1,81,81,724 shares as against 1,30,60,472 shares on offer, according to stock exchange data at 15:15 IST on 10 September 2026. The issue was subscribed 1.39 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 322 and 339 per share. An investor can bid for a minimum of 44 equity shares and multiples thereof. Rentomojo received bids for 1,54,67,83,964 shares as against 2,17,72,311 shares on offer, according to stock exchange data at 15:15 IST on 11 September 2026. The issue was subscribed 71.04 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 384 and 404 per share. An investor can bid for a minimum of 37 equity shares and multiples thereof. Karamtara Engineering received bids for 1,54,75,86,756 shares as against 2,54,14,937 shares on offer, according to stock exchange data at 15:15 IST on 11 September 2026. The issue was subscribed 60.89 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 241 and 254 per share. An investor can bid for a minimum of 59 equity shares and multiples thereof. Buzzing Index: The Nifty Realty index fell 2.70% to 848.50. The index tanked 7.6% in the six consecutive trading sessions. Godrej Properties (down 6.62%), Lodha Developers (down 4.59%), Aditya Birla Real Estate (down 4.17%), Prestige Estates Projects (down 2.95%), Oberoi Realty (down 2.23%), DLF (down 1.73%), Anant Raj (down 1.72%), Sobha (down 1.53%), Brigade Enterprises (down 1.4%) fell. Stocks in Spotlight: Shankesh Jewellers rallied 3.30% after the company reported a 100.14% surge in consolidated net profit to Rs 43.23 crore in Q1 FY27 compared with Rs 21.60 crore in Q1 FY26. Revenue from operations jumped 55.06% YoY to Rs 423.57 crore in Q1 FY27. Neogen Chemicals shed 0.04%. The company announced that its fund-raising committee has approved the opening of a Qualified Institutions Placement (QIP) of equity shares aggregating up to Rs 600 crore. The committee fixed 10 September 2026 as the relevant date for the issue and approved a floor price of Rs 2,189.73 per equity share, determined in accordance with SEBI regulations. Premier Energies slipped 0.77%. The company said that it has entered into a binding term sheet with RCT India, part of RCT Group, Germany, to form a joint venture (JV) to establish a 12 GWh battery energy storage system (BESS) manufacturing facility in Telangana. JSW Infrastructure lost 0.41%. The company said that it has completed the acquisition of NCR Rail Infrastructure through its wholly owned step-down subsidiary Khurja Rail Terminal, effective 10 September 2026. The acquisition consideration is Rs 467.47 crore, with a further Rs 41.94 crore paid for approximately 39.57 acres from Arshiya under the resolution plan. APL Apollo Tubes fell 2.05%. The company announced that it has incorporated an associate company, SG Enterprise Solutions, which will provide common corporate support services to participating group entities through a centralised shared services model. Global Markets: The US Dow Jones index futures were up 310 points, pointing to a higher opening for US stocks on Friday. However, the broader global market backdrop remained cautious as investors assessed surging crude oil prices, rising bond yields and the risk of further monetary tightening. European markets traded higher on Friday after data showed that the UK economy expanded faster than expected in July. UK gross domestic product (GDP) grew 1.6% year on year in July, while monthly output increased 0.4%, following growth of 0.3% in June and a flat reading in May. Asian shares mostly ended lower on Friday as investors reacted to the latest escalation in the Middle East and the resulting jump in energy prices. Japan's wholesale inflation rose 7.6% in August from a year earlier, BOJ data showed. It followed a revised 7.7% gain in July. Brent crude was trading around $108.35 a barrel, down 0.54%, after jumping 5.9% on Thursday to settle at $107.63. The rise in crude prices has intensified concerns that a prolonged conflict could keep global inflation elevated. The latest escalation has also raised concerns over shipping through key Middle Eastern and Red Sea routes, adding to uncertainty over the availability and cost of crude supplies. US stocks fell for a fourth consecutive session on Thursday. The Dow Jones Industrial Average declined 316.56 points, or 0.60%, to 52,064.10, while the S&P 500 fell 0.58% to 7,591.70 and the Nasdaq Composite declined 0.65% to 26,081.72. The S&P 500's four-session losing streak came as investors reassessed the outlook for inflation and interest rates following the surge in oil prices. The sell-off in equities was accompanied by a sharp rise in US Treasury yields. The 10-year yield moved close to 5%, reaching levels not seen since 2023, while the 30-year yield also climbed to a multi-year high. Higher yields increase borrowing costs and can put pressure on equity valuations, particularly interest-rate-sensitive and growth stocks. Investors are also digesting the latest US inflation data. The Producer Price Index for final demand increased 0.4% month-on-month in August, while prices rose 5.4% from a year earlier. Energy prices were a major contributor, with final-demand energy prices rising 4.2% in August and diesel prices jumping 24.1%. Attention now turns to the US Consumer Price Index for August, due later on Friday. The CPI will be closely watched ahead of the Federal Reserve's September 15-16 meeting, as policymakers assess whether higher energy prices are feeding into broader inflation. Markets are currently pricing roughly a 70-71% probability of a 25-basis-point Fed rate hike next week, according to CME FedWatch data. First Published: Sep 11 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shilpa Medicare announced that the Subject Expert Committee (SEC) under the Central Drugs Standard Control Organization (CDSCO) has issued final approval for grant of marketing authorization for OERIS (Ondansetron Extended-Release Injection, 100 mg/mL). OERIS is designed to be the world's first extended-release ondansetron injectable formulation, providing sustained antiemetic action for up to 120 hours (5 days) following a single administration - a first-of-its-kind approval in both India and globally. OERIS will be launched in India and enjoys patent protection in India until 2039. OERIS is designed to be the world's first extended-release ondansetron injectable formulation providing sustained antiemetic protection for up to 120 hours (5 days) following a single administration. First Published: Sep 11 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nazara Technologies and Virstate today announced that Bodycam UEFN, the official Bodycam game adaptation for Fortnite developed under agreement with Reissad Studio is now available to players worldwide starting today. Built by Virstate in Unreal Editor for Fortnite (UEFN), and published by Nazara Technologies, Bodycam UEFN, the game brings the franchise's signature body-camera perspective, intense close quarters combat, realistic atmosphere, and high-pressure multiplayer gameplay into Fortnite. Nitish Mittersain, MD & CEO, Nazara Technologies, said, Bodycam UEFN is Nazara's first build inside Fortnite, and it is just the beginning. Fortnite is now one of the largest discovery platforms in the world, and we intend to build there at scale. Reissad has raised the bar with an experience that is raw, immersive, and visually stunning. Bringing Bodycam to Fortnite proves that UEFN is ready for premium-quality FPS experiences. It becomes the template for the IPs, original experiences, and partnerships we bring to this ecosystem next. With Bodycam UEFN, Nazara Technologies aims to raise expectations of what players can experience inside Fortnite and demonstrate how major gaming IPs can use UEFN as a serious platform for franchise expansion. Bodycam is a trademark of Reissad Studio. Bodycam UEFN is an independently created Fortnite island developed by Nazara Technologies and Virstate under agreement with Reissad Studio and is not sponsored, endorsed, or administered by Epic Games, Inc. Fortnite, Unreal Editor for Fortnite, Epic Games, and related marks are trademarks or registered trademarks of Epic Games, Inc. All other trademarks are the property of their respective owners. First Published: Sep 11 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 3:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 3:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cochin Shipyard slumped 9.07% to Rs 1,382.50 after the company's FY27 EBITDA margin guidance of around 14% disappointed investors. Cochin Shipyard expects shipbuilding margins to settle at 10%-12%, while ship repair margins are expected to be at 22%-24%. The company expects its revenue mix to comprise around 70% shipbuilding and 30% ship repair going forward. The company delivered three vessels during the quarter, while its wholly owned subsidiary Udupi Cochin Shipyard also delivered three vessels. Management is targeting the delivery of 10 vessels in FY27. Cochin Shipyard's unexecuted order book stood at around Rs 21,900 crore. The order book comprised Rs 11,900 crore of defence orders, Rs 1,600 crore of domestic commercial orders, Rs 7,200 crore of commercial export orders and Rs 1,200 crore of ship repair orders. The company has been declared L1 for five Next Generation Survey Vessels for the Indian Navy, with an estimated value of around Rs 5,000 crore. Cochin Shipyard's defence opportunity pipeline includes four Landing Platform Docks, 12 Mine Counter Measure Vessels and seven P17 Bravo vessels. The combined potential value of these programmes is estimated at more than Rs 1.17 lakh crore, based on the management update. Cochin Shipyard reported a 19.38% decline in consolidated net profit to Rs 151.45 crore on a 2.40% increase in revenue from operations to Rs 1,094.21 crore in Q1 FY27 over Q1 FY26. EBITDA stood at Rs 260 crore, with an EBITDA margin of 24%, while the PAT margin stood at 14%. Separately, the company has approved a 50:50 joint venture with Drydocks World Dubai, a DP World company, for the Kochi International Ship Repair Facility. The ISRF will be transferred to the JV for Rs 1,800 crore, with Cochin Shipyard receiving Rs 900 crore in cash and Rs 900 crore through equity shares in the JV. The transaction remains subject to necessary approvals. Cochin Shipyard is a leading player in the construction of all kinds of vessels and the repair and refit of all types of vessels, including periodic upgrades and life extensions of ships. First Published: Sep 11 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Godrej Properties Ltd, Lodha Developers Ltd, Gujarat Energy Ltd and P I Industries Ltd are among the other losers in the BSE's 'A' group today, 11 September 2026. Godrej Properties Ltd, Lodha Developers Ltd, Gujarat Energy Ltd and P I Industries Ltd are among the other losers in the BSE's 'A' group today, 11 September 2026. Cochin Shipyard Ltd lost 9.32% to Rs 1382.7 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 3.86 lakh shares were traded on the counter so far as against the average daily volumes of 90508 shares in the past one month. Godrej Properties Ltd tumbled 6.44% to Rs 1748.7. The stock was the second biggest loser in 'A' group.On the BSE, 83426 shares were traded on the counter so far as against the average daily volumes of 21606 shares in the past one month. Lodha Developers Ltd crashed 5.32% to Rs 1109.65. The stock was the third biggest loser in 'A' group.On the BSE, 6.67 lakh shares were traded on the counter so far as against the average daily volumes of 48922 shares in the past one month. Gujarat Energy Ltd fell 4.97% to Rs 242.1. The stock was the fourth biggest loser in 'A' group.On the BSE, 84702 shares were traded on the counter so far as against the average daily volumes of 2.5 lakh shares in the past one month. P I Industries Ltd pared 4.23% to Rs 2259.9. The stock was the fifth biggest loser in 'A' group.On the BSE, 47804 shares were traded on the counter so far as against the average daily volumes of 29850 shares in the past one month. First Published: Sep 11 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SRG Housing Finance Ltd, CSM Technologies Ltd, Palash Securities Ltd and Sreeleathers Ltd are among the other losers in the BSE's 'B' group today, 11 September 2026. SRG Housing Finance Ltd, CSM Technologies Ltd, Palash Securities Ltd and Sreeleathers Ltd are among the other losers in the BSE's 'B' group today, 11 September 2026. Sunshine Pictures Ltd crashed 20.00% to Rs 407.45 at 14:30 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 7.34 lakh shares were traded on the counter so far as against the average daily volumes of 3.11 lakh shares in the past one month. SRG Housing Finance Ltd tumbled 19.98% to Rs 152.35. The stock was the second biggest loser in 'B' group.On the BSE, 22834 shares were traded on the counter so far as against the average daily volumes of 2542 shares in the past one month. CSM Technologies Ltd lost 14.98% to Rs 81.53. The stock was the third biggest loser in 'B' group.On the BSE, 1.02 lakh shares were traded on the counter so far as against the average daily volumes of 15851 shares in the past one month. Palash Securities Ltd slipped 10.55% to Rs 89. The stock was the fourth biggest loser in 'B' group.On the BSE, 192 shares were traded on the counter so far as against the average daily volumes of 308 shares in the past one month. Sreeleathers Ltd plummeted 9.99% to Rs 333.45. The stock was the fifth biggest loser in 'B' group.On the BSE, 6165 shares were traded on the counter so far as against the average daily volumes of 8668 shares in the past one month. First Published: Sep 11 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Authum Investment & Infrastructure Ltd recorded volume of 48.96 lakh shares by 14:14 IST on NSE, a 10.41 times surge over two-week average daily volume of 4.70 lakh shares Pine Labs Ltd, Cochin Shipyard Ltd, Sun TV Network Ltd, Granules India Ltd are among the other stocks to see a surge in volumes on NSE today, 11 September 2026. Authum Investment & Infrastructure Ltd recorded volume of 48.96 lakh shares by 14:14 IST on NSE, a 10.41 times surge over two-week average daily volume of 4.70 lakh shares. The stock gained 5.21% to Rs.539.00. Volumes stood at 68818 shares in the last session. Pine Labs Ltd recorded volume of 2037.23 lakh shares by 14:14 IST on NSE, a 8.45 times surge over two-week average daily volume of 241.00 lakh shares. The stock gained 14.32% to Rs.197.97. Volumes stood at 159.11 lakh shares in the last session. Cochin Shipyard Ltd notched up volume of 51.54 lakh shares by 14:14 IST on NSE, a 7.57 fold spurt over two-week average daily volume of 6.81 lakh shares. The stock slipped 8.64% to Rs.1,389.00. Volumes stood at 10.53 lakh shares in the last session. Sun TV Network Ltd notched up volume of 28.08 lakh shares by 14:14 IST on NSE, a 6.78 fold spurt over two-week average daily volume of 4.14 lakh shares. The stock rose 5.52% to Rs.480.70. Volumes stood at 2.9 lakh shares in the last session. Granules India Ltd saw volume of 71.46 lakh shares by 14:14 IST on NSE, a 5.33 fold spurt over two-week average daily volume of 13.41 lakh shares. The stock increased 1.42% to Rs.912.00. Volumes stood at 15.97 lakh shares in the last session. First Published: Sep 11 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Network 18 Media & Investments Ltd is quoting at Rs 26.77, down 0.22% on the day as on 13:19 IST on the NSE. The stock tumbled 27.09% in last one year as compared to a 7.11% slide in NIFTY and a 4.97% fall in the Nifty Media index. Network 18 Media & Investments Ltd fell for a fifth straight session today. The stock is quoting at Rs 26.77, down 0.22% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.64% on the day, quoting at 23328.5. The Sensex is at 74474.44, down 0.57%.Network 18 Media & Investments Ltd has eased around 6.76% in last one month.Meanwhile, Nifty Media index of which Network 18 Media & Investments Ltd is a constituent, has eased around 1.82% in last one month and is currently quoting at 1534.8, up 0.37% on the day. The volume in the stock stood at 25.31 lakh shares today, compared to the daily average of 68.91 lakh shares in last one month. The PE of the stock is 0 based on TTM earnings ending June 26. First Published: Sep 11 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jio Financial Services Ltd is quoting at Rs 226.9, down 1.45% on the day as on 13:19 IST on the NSE. The stock tumbled 27.09% in last one year as compared to a 7.11% slide in NIFTY and a 3.98% fall in the Nifty Financial Services index. Jio Financial Services Ltd is down for a fifth straight session today. The stock is quoting at Rs 226.9, down 1.45% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.64% on the day, quoting at 23328.5. The Sensex is at 74474.44, down 0.57%.Jio Financial Services Ltd has lost around 11.38% in last one month.Meanwhile, Nifty Financial Services index of which Jio Financial Services Ltd is a constituent, has eased around 4.21% in last one month and is currently quoting at 25520.3, down 0.81% on the day. The volume in the stock stood at 117.82 lakh shares today, compared to the daily average of 122.59 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 227.89, down 1.08% on the day. Jio Financial Services Ltd tumbled 27.09% in last one year as compared to a 7.11% slide in NIFTY and a 3.98% fall in the Nifty Financial Services index. The PE of the stock is 214.03 based on TTM earnings ending June 26. First Published: Sep 11 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries Ltd is quoting at Rs 1255.2, down 1.48% on the day as on 13:19 IST on the NSE. The stock tumbled 10.02% in last one year as compared to a 7.11% slide in NIFTY and a 8.6% spurt in the Nifty Energy index. Reliance Industries Ltd fell for a fifth straight session today. The stock is quoting at Rs 1255.2, down 1.48% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.64% on the day, quoting at 23328.5. The Sensex is at 74474.44, down 0.57%.Reliance Industries Ltd has eased around 5.55% in last one month.Meanwhile, Nifty Energy index of which Reliance Industries Ltd is a constituent, has eased around 2.15% in last one month and is currently quoting at 38223.4, down 0.73% on the day. The volume in the stock stood at 48.35 lakh shares today, compared to the daily average of 106.03 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 1257.4, down 1.19% on the day. Reliance Industries Ltd tumbled 10.02% in last one year as compared to a 7.11% slide in NIFTY and a 8.6% spurt in the Nifty Energy index. The PE of the stock is 44 based on TTM earnings ending June 26. First Published: Sep 11 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 11 September 2026 The board also approved fund raising up to USD 50 million through all permitted instruments, including but not limited to, by way of issuance of foreign currency convertible bond (FCCB)/ External Commercial Borrowings (ECB)/ convertible bonds/ debentures/ warrants or any other equity linked securities and/ or any other securities including through preferential issue on a private placement basis including share swap or any other methods or combinations thereof, listed or unlisted. First Published: Sep 11 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Long term / short term (fund based working capital) - ICRA A-/ICRA A2+ (placed on rating watch with positive implications) Long term (fund based term loans) - ICRA A- (placed on rating watch with positive implications) First Published: Sep 11 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gen Z is increasingly turning to AI chatbots for personal advice and companionship, raising concerns over privacy and digital safety. First Published: Sep 11 2026 | 3:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investors also remained cautious ahead of the US CPI report. Thursdays stronger-than-expected producer price data raised expectations that the Federal Reserve could raise interest rates next week. In Japan, the Bank of Japan is also expected to continue raising interest rates. BOJ board member Kazuyuki Masu said policymakers are likely to keep tightening policy and gradually reduce monetary support as inflation moves closer to the 2% target. Technology and AI-related stocks were among the biggest losers. Kioxia Holdings fell 7%, Advantest dropped 6.5%, SoftBank Group declined 4%, Tokyo Electron lost 2.6%, and Taiyo Yuden slipped 2.1%. First Published: Sep 11 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investor sentiment was hurt by higher oil prices and rising US Treasury yields. Oil prices stayed elevated after Trump said he did not expect the Iran war to end before the November midterm elections, adding to concerns that crude prices could remain high. Among the major decliners, Zijin Mining Group fell 5.42%, CMOC Group dropped 4.52%, East Money Information lost 3.48%, and CATL declined 2.23%. For the week, the Shanghai Composite fell 1.07%, while the Shenzhen Component slipped 0.34%. Investors will now focus on key Chinese economic data due next week, including house prices, fixed-asset investment, industrial output, retail sales and the unemployment rate. First Published: Sep 11 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 2:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Together, these 10 shareholders are set to make a profit of ?16,500 crore on their investment of ?534 crore. First Published: Sep 11 2026 | 2:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Consequent to completion of this acquisition and other closing conditions as mentioned in the Transaction Documents, Cloud Wave, Protohubs and Aureate have become subsidiaries of the Company, and Protohubs and Aureate have become step-down subsidiaries of the Company. First Published: Sep 11 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Manika Plastech IPO: Analysts say ‘subscribe’ on strong growth, capex drive First Published: Sep 11 2026 | 1:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The benchmark indices came off the day's high in afternoon trade as a weakening rupee, higher crude oil prices and elevated global bond yields weighed on sentiment. The Nifty slipped below the 23,350 level. Realty, financials and oil & gas stocks declined while IT & media shares managed to buck the trend. At 13:25 IST, the barometer index, the S&P BSE Sensex declined 405.20 points or 0.54% to 74,497.39. The Nifty 50 index declined 139.65 points or 0.59% to 23,338.15. In the broader market, the BSE 150 MidCap Index fell 0.50% and the BSE 250 SmallCap Index dropped 0.66%. The market breadth was negative. On the BSE, 1,525 shares rose and 2,660 shares fell. A total of 258 shares were unchanged. India to Hold 18th BRICS Summit on 12-13 September: India assumed the BRICS presidency for 2026, its fourth after 2012, 2016 and 2021, and will host the 18th BRICS Summit in New Delhi on 12-13 September 2026 under the theme "Building for Resilience, Innovation, Cooperation, and Sustainability." During its chairship, more than 350 meetings and high-level engagements have been held across 25 Indian cities, with the agenda focusing on practical cooperation in areas including agriculture, healthcare, digital technology, energy, urban infrastructure, MSMEs, startups, logistics, global value chains, and customs. Key initiatives include the BRICS Startup Innovation Fund, MSME Cooperation Portal, Digital Agriculture Network, Smart Grids and Energy Storage platform, Urban Mobility Hub, and Logistics Supply-Chain Cooperation Framework. Gainers & Losers: Dr Reddy's Lab (up 2.73%), Tech Mahindra (up 0.95%), HCL Tech (up 0.91%), Tata Motors Passenger Vehicles (up 0.70%) and Wipro (up 0.57%) were the top gainers. JSW Steel (down 2.58%), Hindalco (down 0.99%), Tata Steel (down 2.40%), Bajaj Finserv (down 1.91%) and Maruti Suzuki India (down 1.60%) were the top losers. Stocks in Spotlight: Kalpataru (KL) shed 0.68%. Crisil Ratings has downgraded its rating on the long-term bank facility of the company to 'Crisil BBB/Stable from 'Crisil BBB+/Stable'. Premier Energies slipped 0.77%. The company said that it has entered into a binding term sheet with RCT India, part of RCT Group, Germany, to form a joint venture (JV) to establish a 12 GWh battery energy storage system (BESS) manufacturing facility in Telangana. JSW Infrastructure lost 0.41%. The company said that it has completed the acquisition of NCR Rail Infrastructure through its wholly owned step-down subsidiary Khurja Rail Terminal, effective 10 September 2026. The acquisition consideration is Rs 467.47 crore, with a further Rs 41.94 crore paid for approximately 39.57 acres from Arshiya under the resolution plan. Global Markets: The US Dow Jones index futures were up 186 points, pointing to a higher opening for US stocks on Friday. However, the broader global market backdrop remained cautious as investors assessed surging crude oil prices, rising bond yields and the risk of further monetary tightening. European markets swung around the flat line while Asian shares declined across the board on Friday as investors reacted to the latest escalation in the Middle East and the resulting jump in energy prices. Japan's wholesale inflation rose 7.6% in August from a year earlier, BOJ data showed. It followed a revised 7.7% gain in July. Brent crude was trading around $108.35 a barrel, down 0.54%, after jumping 5.9% on Thursday to settle at $107.63. The rise in crude prices has intensified concerns that a prolonged conflict could keep global inflation elevated. The latest escalation has also raised concerns over shipping through key Middle Eastern and Red Sea routes, adding to uncertainty over the availability and cost of crude supplies. US stocks fell for a fourth consecutive session on Thursday. The Dow Jones Industrial Average declined 316.56 points, or 0.60%, to 52,064.10, while the S&P 500 fell 0.58% to 7,591.70 and the Nasdaq Composite declined 0.65% to 26,081.72. The S&P 500's four-session losing streak came as investors reassessed the outlook for inflation and interest rates following the surge in oil prices. The sell-off in equities was accompanied by a sharp rise in US Treasury yields. The 10-year yield moved close to 5%, reaching levels not seen since 2023, while the 30-year yield also climbed to a multi-year high. Higher yields increase borrowing costs and can put pressure on equity valuations, particularly interest-rate-sensitive and growth stocks. Investors are also digesting the latest US inflation data. The Producer Price Index for final demand increased 0.4% month-on-month in August, while prices rose 5.4% from a year earlier. Energy prices were a major contributor, with final-demand energy prices rising 4.2% in August and diesel prices jumping 24.1%. Attention now turns to the US Consumer Price Index for August, due later on Friday. The CPI will be closely watched ahead of the Federal Reserve's September 15-16 meeting, as policymakers assess whether higher energy prices are feeding into broader inflation. Markets are currently pricing roughly a 70-71% probability of a 25-basis-point Fed rate hike next week, according to CME FedWatch data. First Published: Sep 11 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pine Labs shares rally 13% on record volume; most active stock on NSE First Published: Sep 11 2026 | 1:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kalpataru (KL) said that Crisil Ratings has downgraded its rating on the long-term bank facility of the company to 'Crisil BBB/Stable' from 'Crisil BBB+/Stable'. Crisil Ratings stated that the downgrade reflects the slower-than-anticipated improvement in the company's financial risk profile driven by delayed scaling up of collections and cash accrual, which will result in continued elevated debt to cash flow from operations (CFO) levels over the medium term. While sales bookings and collections for fiscal 2026 increased by 17% and 34%, respectively, year-on-year, to Rs 5,280 crore and Rs 4,960 crore basis 100% economic interest, they remained below the estimated levels. The shortfall was primarily due to delays in environmental approvals for key projects, delays in receipt of previously expected milestones in few projects and weaker demand in certain developments, resulting in lower-than-expected sales and collections. The rating continues to reflect the established market position and track record of KL in the Mumbai Metropolitan Region (MMR), sizeable project portfolio and refinancing initiatives. These strengths are partially offset by geographical concentration in operations and susceptibility to cyclicality in the real estate sector. The company has seen significant capital inflow over the past two fiscals through equity infusion by the promoters and proceeds of the initial public offer (IPO). Residential debt reduced to Rs 8,000 crore as on 31 March 2026, from Rs 9,200 crore a year earlier, supported by promoter infusion and utilisation of IPO proceeds towards debt repayment over the past two fiscals. However, the pace of deleveraging has been slower than envisaged and debt-to-CFO is expected to remain above 3.5 times through fiscal 2028. Kalpataru is the flagship real estate company of the Kalpataru group of companies, which is one of the leading real estate development groups in India. KL focuses on the development of premium residential, commercial, retail, integrated townships, lifestyle gated communities and redevelopment projects, primarily in MMR and Pune. The company has also undertaken projects in other key cities such as Hyderabad, Noida and Nagpur. The company had reported a consolidated net loss of Rs 26.52 crore in the quarter ended June 2026 as against net loss of Rs 49.42 crore during the previous quarter ended June 2025. Sales rose 6.54% to Rs 472.20 crore in Q1 FY27 as compared with Q1 FY26. The scrip shed 0.68% to currently trade at Rs 264.80 on the BSE. First Published: Sep 11 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Premier Energies said that it has entered into a binding term sheet with RCT India, part of RCT Group, Germany, to form a joint venture (JV) to establish a 12 GWh battery energy storage system (BESS) manufacturing facility in Telangana. The proposed facility will be developed through Premier Energies subsidiary, Premier Battery Technologies, with the first phase planned at 6 GWh. The facility is expected to cater to the rapidly growing demand for energy storage across commercial, industrial and utility-scale applications in India and international markets. The facility is also envisioned as an export-oriented manufacturing platform, with the partnership aiming to serve international markets from India. For Premier Energies, the partnership represents a strategic step in its evolution from a leading solar cell and module manufacturer into a broader clean-energy company with capabilities spanning multiple segments of the renewable energy value chain. Chiranjeev Saluja, managing director, Premier Energies, said: "Energy storage is the need of the hour for the Indian power system. As India expands its renewable energy generation capacity, energy storage will play a critical role in enabling a reliable, resilient and sustainable power ecosystem. Our long-term partnership with RCT gives us access to this rapidly growing market. Our aim is to build globally competitive BESS products through this manufacturing platform in India, serving both domestic and international markets. Premier Energies has one of the largest integrated (solar cell and module) manufacturing facilities (capacity-wise) in India. The company had recorded 50.45% increase in consolidated net profit to Rs 463.07 crore on a 35.25% rise in revenue to Rs 2,462.59 crore in Q1 FY27 as compared with Q1 FY26. The scrip shed 0.54% to currently trade at Rs 964.80 on the BSE. First Published: Sep 11 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Saregama India Ltd is quoting at Rs 514.05, up 1.76% on the day as on 12:44 IST on the NSE. The stock is up 4.32% in last one year as compared to a 7.03% slide in NIFTY and a 4.8% slide in the Nifty Media. Saregama India Ltd is up for a fifth straight session today. The stock is quoting at Rs 514.05, up 1.76% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.55% on the day, quoting at 23349.5. The Sensex is at 74536.63, down 0.49%. Saregama India Ltd has slipped around 0.39% in last one month. Meanwhile, Nifty Media index of which Saregama India Ltd is a constituent, has slipped around 1.65% in last one month and is currently quoting at 1534.8, up 0.55% on the day. The volume in the stock stood at 3.16 lakh shares today, compared to the daily average of 4.61 lakh shares in last one month. The PE of the stock is 41.68 based on TTM earnings ending June 26. First Published: Sep 11 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brent trades above $108, and WTI trades above $103, and both benchmarks have surged 23 per cent in September, along with gains of around 78 per cent YTD. First Published: Sep 11 2026 | 12:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PSU Bank shares declined after advancing in the past trading session. At 12:25 IST, the barometer index, the S&P BSE Sensex declined 427.78 points or 0.58% to 74,477.91. The Nifty 50 index declined 140.10 points or 0.60% to 23,338.50. In the broader market, the BSE 150 MidCap Index fell 0.52% and the BSE 250 SmallCap Index dropped 0.59%. The market breadth was negative. On the BSE, 1,474 shares rose and 2,651 shares fell. A total of 256 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 4.23% to 12.30. The Nifty 29 September 2026 futures were trading at 23,399.20 at a premium of 60.7 points as compared with the spot at 23,338.50. The Nifty option chain for the 29 September 2026 expiry showed a maximum call OI of 85.7 lakh contracts at the 24,000 strike price. A maximum put OI of 61.8 lakh contracts was seen at the 24,000 strike price. Buzzing Index: The Nifty PSU Bank index declined 0.87% to 8,329.05. The index rose 0.01% in the past trading session. Bank of India (down 1.48%), State Bank of India (down 1.33%), Indian Bank (down 1.24%), Canara Bank (down 0.96%), Bank of Baroda (down 0.53%), Union Bank of India (down 0.49%), Central Bank of India (down 0.39%) and Punjab & Sind Bank (down 0.13%) declined. Stock in Spotlight: Diamond Power Infrastructure rose 2.27% after the company announced that it had completed its exit from the resolution framework under the Insolvency and Bankruptcy Code (IBC). The company said it has prepaid the entire Rs 501 crore cash consideration payable to its erstwhile lenders under the NCLT-approved resolution plan, along with redeemable bonds worth Rs 1,900 crore. The cash component was originally payable over five years, with the final instalment due on 30 September 2027. The company said it discharged the cash obligation in September 2026, one year ahead of schedule. First Published: Sep 11 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The dollar index is holding close to 99 mark on Friday, as soaring oil prices and accelerating US producer prices data are increasing bets for a Federal rate hike. Oil futures were boiling at its highest level since May driven by escalatory strikes between Iran and the US. Producer prices in the US increased 0.4% mom in August 2026, following an upwardly revised 0.1% rise in July and in line with expectations. Treasury yields also moved higher after data showed US producer inflation accelerated in August as the Iran war drove up wholesale energy prices, with markets now awaiting the latest consumer inflation data. The dollar index that measures the greenback against a basket of currencies is quoting at 98.78, erasing much of early day gain. Among basket currencies, EUR/USD and GBP/USD are both staying mildly lower at $1.1651 and $1.3527 respectively. First Published: Sep 11 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fabtech Technologies (FTL), through its Step Down Subsidiary FTS Cleanrooms Systems LLC, UAE, has delivered a project for Himalaya Wellness Company, a global herbal health and personal care brand in Dubai Internet City to support pharmaceutical and cosmetic manufacturing operations with different cleanroom requirements. The company is based in UAE and offers start-to-finish engineering solutions to the healthcare sector in the MENA region. The facility has been developed to support both pharmaceutical and cosmetic manufacturing operations and was delivered in less than one year. The facility forms part of Himalaya's manufacturing operations in Dubai, providing cleanroom infrastructure for the production of pharmaceutical and cosmetic products. First Published: Sep 11 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JSW Infrastructure said that it has completed the acquisition of NCR Rail Infrastructure through its wholly owned step-down subsidiary Khurja Rail Terminal, effective 10 September 2026. For giving effect to the resolution proposal, JSW Infra had incorporated a step-down wholly-owned subsidiary namely Khurja Rail Terminal in January, 2026. NCR Rail Infrastructure owns and operates a six-line private freight terminal at Khurja, Uttar Pradesh. The facility is strategically located 90 km from New Delhi and 40 km from the upcoming Jewar Airport. The facility also features two covered fully constructed and operational warehouses with an area of 0.2 million square feet. It also owns a land bank of 130 acre. The company had recorded revenue of Rs 11.19 crore and a net loss of Rs 25.96 crore in FY 2026. The acquisition consideration is Rs 467.47 crore, with a further Rs 41.94 crore paid for approximately 39.57 acres from Arshiya under the resolution plan. JSW Infrastructure said that this acquisition would result in integration & expansion of logistics business. JSW Infrastructure, a part of JSW Group, is the second largest commercial port operator in India in terms of cargo handling capacity. It develops and operates ports and port terminals pursuant to port concessions. The company had reported 9.89% decline in consolidated net profit to Rs 346.63 crore despite a 18.06% increase in revenue to Rs 1,444.83 crore in Q1 FY27 as compared with Q1 FY26. The scrip shed 0.64% to currently trade at Rs 340.35 on the BSE. First Published: Sep 11 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Graviss Hospitality Ltd, Steel Strips Infrastructures Ltd, Deep Polymers Ltd and Ladderup Finance Ltd are among the other gainers in the BSE's 'B' group today, 11 September 2026. Graviss Hospitality Ltd, Steel Strips Infrastructures Ltd, Deep Polymers Ltd and Ladderup Finance Ltd are among the other gainers in the BSE's 'B' group today, 11 September 2026. Ashoka Metcast Ltd soared 19.99% to Rs 17.11 at 11-Sep-2026 EOD IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 49184 shares were traded on the counter so far as against the average daily volumes of 4680 shares in the past one month. Graviss Hospitality Ltd surged 19.98% to Rs 41.97. The stock was the second biggest gainer in 'B' group. On the BSE, 35391 shares were traded on the counter so far as against the average daily volumes of 12111 shares in the past one month. Steel Strips Infrastructures Ltd spiked 19.97% to Rs 22.65. The stock was the third biggest gainer in 'B' group. On the BSE, 20701 shares were traded on the counter so far as against the average daily volumes of 1829 shares in the past one month. Deep Polymers Ltd jumped 18.01% to Rs 47.57. The stock was the fourth biggest gainer in 'B' group. On the BSE, 61226 shares were traded on the counter so far as against the average daily volumes of 11310 shares in the past one month. Ladderup Finance Ltd gained 17.23% to Rs 76.95. The stock was the fifth biggest gainer in 'B' group. On the BSE, 31129 shares were traded on the counter so far as against the average daily volumes of 2492 shares in the past one month. First Published: Sep 11 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
AWFIS Space Solutions Ltd, Black Box Ltd, Dynamatic Technologies Ltd and Sun TV Network Ltd are among the other gainers in the BSE's 'A' group today, 11 September 2026. AWFIS Space Solutions Ltd, Black Box Ltd, Dynamatic Technologies Ltd and Sun TV Network Ltd are among the other gainers in the BSE's 'A' group today, 11 September 2026. Raymond Ltd spiked 15.78% to Rs 988.15 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 9.74 lakh shares were traded on the counter so far as against the average daily volumes of 1.43 lakh shares in the past one month. AWFIS Space Solutions Ltd surged 7.82% to Rs 269.45. The stock was the second biggest gainer in 'A' group. On the BSE, 24891 shares were traded on the counter so far as against the average daily volumes of 21460 shares in the past one month. Black Box Ltd soared 6.22% to Rs 791.8. The stock was the third biggest gainer in 'A' group. On the BSE, 65914 shares were traded on the counter so far as against the average daily volumes of 33078 shares in the past one month. Dynamatic Technologies Ltd added 6.04% to Rs 12258.15. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1845 shares were traded on the counter so far as against the average daily volumes of 666 shares in the past one month. Sun TV Network Ltd advanced 5.64% to Rs 481. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1.02 lakh shares were traded on the counter so far as against the average daily volumes of 33493 shares in the past one month. First Published: Sep 11 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NSE IPO: From peak of ?2,400 to price band of ?1,700-?1,785; what changed? First Published: Sep 11 2026 | 12:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 11 2026 | 12:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NSE IPO countdown: India's biggest exchange heads to D-St; key details here First Published: Sep 11 2026 | 12:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 11:30 IST, the barometer index, the S&P BSE Sensex, tanked 385.82 points or 0.52% to 74,518.60. The Nifty 50 index lost 135.50 points or 0.58% to 23,342.30. In the broader market, the BSE 150 MidCap Index fell 0.64% and the BSE 250 SmallCap Index shed 0.65%. The market breadth was negative. On the BSE, 1,368 shares rose and 2,643 shares fell. A total of 237 shares were unchanged. India to Hold 18th BRICS Summit on 12-13 September: India assumed the BRICS presidency for 2026, its fourth after 2012, 2016 and 2021, and will host the 18th BRICS Summit in New Delhi on 12-13 September 2026 under the theme "Building for Resilience, Innovation, Cooperation, and Sustainability." During its chairship, more than 350 meetings and high-level engagements have been held across 25 Indian cities, with the agenda focusing on practical cooperation in areas including agriculture, healthcare, digital technology, energy, urban infrastructure, MSMEs, startups, logistics, global value chains, and customs. Key initiatives include the BRICS Startup Innovation Fund, MSME Cooperation Portal, Digital Agriculture Network, Smart Grids and Energy Storage platform, Urban Mobility Hub, and Logistics Supply-Chain Cooperation Framework. Initial Public Offer (IPO): Veegaland Developers received bids for 99,72,935 shares as against 1,13,07,692 shares on offer, according to stock exchange data at 11:15 IST on 11 September 2026. The issue was subscribed 0.88 times. The issue opened for bidding on 10 September 2026 and will close on 15 September 2026. The price band of the IPO is fixed between Rs 130 and 140 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. Manika Plastech received bids for 99,64,980 shares as against 2,13,86,919 shares on offer, according to stock exchange data at 11:15 IST on 11 September 2026. The issue was subscribed 0.47 times. The issue opened for bidding on 11 September 2026 and will close on 16 September 2026. The price band of the IPO is fixed between Rs 40 and 43 per share. An investor can bid for a minimum of 348 equity shares and multiples thereof. LCC Projects received bids for 16,29,51,120 shares as against 2,09,27,281 shares on offer, according to stock exchange data at 11:15 IST on 11 September 2026. The issue was subscribed 7.79 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 139 and 146 per share. An investor can bid for a minimum of 102 equity shares and multiples thereof. Asset Reconstruction Company (India) received bids for 4,31,68,829 shares as against 3,69,12,363 shares on offer, according to stock exchange data at 11:15 IST on 11 September 2026. The issue was subscribed 1.17 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 132 and 139 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. Steamhouse India received bids for 16,98,06,875 shares as against 3,76,36,363 shares on offer, according to stock exchange data at 11:15 IST on 11 September 2026. The issue was subscribed 4.51 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 77 and 81 per share. An investor can bid for a minimum of 185 equity shares and multiples thereof. Manipal Payment and Identity Solutions received bids for 49,44,016 shares as against 1,30,60,472 shares on offer, according to stock exchange data at 11:15 IST on 10 September 2026. The issue was subscribed 0.38 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 322 and 339 per share. An investor can bid for a minimum of 44 equity shares and multiples thereof. Rentomojo received bids for 18,08,18,741 shares as against 2,17,72,311 shares on offer, according to stock exchange data at 11:15 IST on 11 September 2026. The issue was subscribed 8.30 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 384 and 404 per share. An investor can bid for a minimum of 37 equity shares and multiples thereof. Karamtara Engineering received bids for 14,83,96,564 shares as against 2,54,14,937 shares on offer, according to stock exchange data at 11:15 IST on 11 September 2026. The issue was subscribed 5.84 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 241 and 254 per share. An investor can bid for a minimum of 59 equity shares and multiples thereof. Buzzing Index: The Nifty Metal index declined 2.10% to 13,025.85. The index fell 2.71% in the past two trading sessions. National Aluminium Company (down 3.94%), Hindustan Zinc (down 3.16%), Hindustan Copper (down 2.97%), Welspun Corp (down 2.91%), Hindalco Industries (down 2.79%), Tata Steel (down 2.46%), Vedanta (down 2.36%), Steel Authority of India (down 2.12%), APL Apollo Tubes (down 2.04%) and Jindal Steel (down 1.98%) tanked. Global Markets: The US Dow Jones index futures were up 107 points, pointing to a higher opening for US stocks on Friday. However, the broader global market backdrop remained cautious as investors assessed surging crude oil prices, rising bond yields and the risk of further monetary tightening. Asian shares came under heavy selling pressure in early trade, with Japans Nikkei 225 and South Koreas Kospi among the biggest decliners. Weakness was also seen in other regional markets as investors reacted to the latest escalation in the Middle East and the resulting jump in energy prices. Japan's wholesale inflation rose 7.6% in August from a year earlier, BOJ data showed. It followed a revised 7.7% gain in July. Brent crude was trading around $108.35 a barrel, down 0.54%, after jumping 5.9% on Thursday to settle at $107.63. The rise in crude prices has intensified concerns that a prolonged conflict could keep global inflation elevated. The latest escalation has also raised concerns over shipping through key Middle Eastern and Red Sea routes, adding to uncertainty over the availability and cost of crude supplies. US stocks fell for a fourth consecutive session on Thursday. The Dow Jones Industrial Average declined 316.56 points, or 0.60%, to 52,064.10, while the S&P 500 fell 0.58% to 7,591.70 and the Nasdaq Composite declined 0.65% to 26,081.72. The S&P 500's four-session losing streak came as investors reassessed the outlook for inflation and interest rates following the surge in oil prices. The sell-off in equities was accompanied by a sharp rise in US Treasury yields. The 10-year yield moved close to 5%, reaching levels not seen since 2023, while the 30-year yield also climbed to a multi-year high. Higher yields increase borrowing costs and can put pressure on equity valuations, particularly interest-rate-sensitive and growth stocks. Investors are also digesting the latest US inflation data. The Producer Price Index for final demand increased 0.4% month-on-month in August, while prices rose 5.4% from a year earlier. Energy prices were a major contributor, with final-demand energy prices rising 4.2% in August and diesel prices jumping 24.1%. Attention now turns to the US Consumer Price Index for August, due later on Friday. The CPI will be closely watched ahead of the Federal Reserve's September 15-16 meeting, as policymakers assess whether higher energy prices are feeding into broader inflation. Markets are currently pricing roughly a 70-71% probability of a 25-basis-point Fed rate hike next week, according to CME FedWatch data. First Published: Sep 11 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Diamond Power Infrastructure rose 2.27% to Rs 360 after the company announced that it had completed its exit from the resolution framework under the Insolvency and Bankruptcy Code (IBC). The company said it has prepaid the entire Rs 501 crore cash consideration payable to its erstwhile lenders under the NCLT-approved resolution plan, along with redeemable bonds worth Rs 1,900 crore. The cash component was originally payable over five years, with the final instalment due on 30 September 2027. The company said it discharged the cash obligation in September 2026, one year ahead of schedule. The company also said its entire fixed-asset base, including its Vadodara manufacturing facility, plant and machinery, rod mills and captive power assets, is free of resolution-era charges and can be used as security for working-capital and term financing. Diamond Power said criminal proceedings involving the Central Bureau of Investigation and Enforcement Directorate relating to the period before its acquisition under the IBC have been cleared by the respective courts. The company said it has returned to sustained profitability during FY2023-26 and will now focus on expanding its MV and EHV cable capacity, strengthening backward integration and broadening its customer base. Diamond Power, marketed under the DICABS brand, manufactures LV, MV, HV and EHV power cables, aerial bunched cables, control cables and overhead conductors. Its products cater to power utilities, transmission and distribution companies, renewable-energy developers, EPC contractors and industrial customers in India and export markets. The companys consolidated net profit soared 256.19% to Rs 58.45 crore in the quarter ended June 2026 from Rs 16.41 crore in the corresponding quarter of the previous year. Sales surged 128.57% to Rs 689.88 crore in Q1 FY27 from Rs 301.82 crore in Q1 FY26. First Published: Sep 11 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Raymond share price surged 20% on heavy volume in Friday's trade. First Published: Sep 11 2026 | 11:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hyundai, the world's third-largest automaker and India's fourth-biggest passenger vehicle maker, raised ?27,870 crore which is currently India's biggest-ever IPO National Stock Exchange (NSE), India's largest stock exchange, will open its initial public offering next week. The offer-for-sale, which does not include any fresh capital being raised, will value NSE at close to $46 billion, which would make it the country's third-largest IPO. Billionaire Mukesh Ambani's Reliance Jio Platforms IPO, likely later this year, is ?expected to raise about $3.8 billion, making it the country's biggest-ever stock offering. HYUNDAI MOTOR INDIA Hyundai, the world's third-largest automaker and India's fourth-biggest passenger vehicle maker, raised ?27,870 crore ($2.95 billion) in October 2024 in what is currently India's biggest-ever IPO. The manufacturer's South Korean parent sold a 17.5 per cent stake in a pure offer-for-sale, where existing shareholders sell shares and no new capital is raised. Jio Platforms is expected to use a similar approach, with the company's major investors set to dilute their stakes. LIFE INSURANCE CORPORATION OF INDIA The government pocketed roughly ?20,500 crore ($2.17 billion) from selling a 3.5 per cent stake in India's largest ?insurer and biggest domestic financial investor, a far cry from its initial target of up to $12 billion. The shares slid nearly 8 per cent on their debut. PAYTM Paytm, an Indian fintech firm, raised ?18,300 crore in November 2021 in a mix of a fresh share issue and an offer for sale. Ant Group reduced its stake to 23 per cent from 28 per cent and SoftBank's Vision Fund pared its holding to 16 per cent. Paytm lost more than 27 per cent on its debut, the biggest listing-day drop in Indian IPO history at the time. TATA CAPITAL The Tata Group's financial services arm raised ?15,500 crore in October 2025, with Tata Sons ?and IFC among those selling in the offer for sale component alongside a fresh issue. The IPO was the largest-ever by a non-banking financial company in India. The shares listed at a ?slight premium of 1.23 per cent. LG ELECTRONICS INDIA South Korean parent LG Electronics offloaded a 15 per cent stake in its Indian ?unit, a maker of refrigerators, washing machines, air conditioners and televisions, in a pure offer for sale issue, netting ?11,600 crore in October 2025. The IPO was oversubscribed 54 times - the ?most heavily subscribed major Indian IPO since Reliance Power's listing in 2008 - attracting bids worth about ?4.4 trillion. LG's shares surged 50 per cent on their first day of trading, valuing the unit higher than ?its Seoul-based parent. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 11 2026 | 11:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Raymond share price surged 20% on heavy volume in Friday's trade. First Published: Sep 11 2026 | 11:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty Realty index tanked 4.50 per cent to the day's low of 832.8 on the National Stock Exchange (NSE), hitting an over two-month low, as all constituents traded in the red. First Published: Sep 11 2026 | 11:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mutual Fund Flows Turn Mixed: Equity Inflows Rise, Debt Funds See ?8,711 Crore Outflow Illustration: Binay Sinha First Published: Sep 11 2026 | 11:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Prepay lenders Rs 501 cr in cash and Rs 1,900 cr in 30-year redeemable bonds Diamond Power Infrastructure announced that it has completed its exit from the resolution framework of the Insolvency and Bankruptcy Code, 2016 (IBC), administered by the National Company Law Tribunal (NCLT). The Company has prepaid, in full, the entire ?501 crore cash Plus 30 years Bonds aggregating Rs 1900 cr consideration payable to its erstwhile lenders under the NCLT-approved Resolution Plan. This amount was contractually payable over five years, with the final instalment due on 30 September 2027. By discharging it one year in advance and availing the pre-payment discounts extended by the lenders in the plan every obligation of the Promoters under the Approved Resolution Plan now stands fulfilled, and Diamond Power has formally exited the NCLT mechanism. First Published: Sep 11 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 11 2026 | 11:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Qualiance International traded at Rs 236.10 on the NSE, a 85.91% premium to the issue price of Rs 127. The counter hit a high of Rs 236.10 and a low of Rs 214.05. About 19.77 lakh shares of the company changed hands at the counter. Qualiance International's IPO was subscribed 426.78 times. The issue opened for bidding on 4 September 2026 and it closed on 8 September 2026. The price band of the IPO was fixed at Rs 120 to Rs 127 per share. The IPO comprised fresh issue of 25,43,000 equity shares. The company intends to utilise the net proceeds funding the capital expenditure requirements of our company towards setting up a new manufacturing facility at Tiruppur, Tamil Nadu and general corporate purposes. Ahead of the IPO, Qualiance International on 4 September 2026, raised Rs 12.81 crore from anchor investors. The board allotted 10.09 lakh shares at Rs 127 each to 6 anchor investors. Qualiance International designs, engineers, manufactures and exports performance garments for institutional, government and brand clients across Europe, including Switzerland, and North America, including the US. Its portfolio includes military and police uniforms, tactical and protective outerwear, high-visibility workwear, weather-resistant clothing and performance activewear. The company holds a Two Star Export House status from the Government of India and had 255 payroll employees as of 30 June 2026. The company recorded revenue from operations of Rs 76.89 crore and net profit of Rs 11.86 crore for the financial year ended 31 March 2026. First Published: Sep 11 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Larsen & Toubro Ltd notched up volume of 4.5 lakh shares by 10:45 IST on BSE, a 6.63 fold spurt over two-week average daily volume of 67913 shares Trent Ltd, Power Grid Corporation of India Ltd, Indus Towers Ltd, Sun TV Network Ltd are among the other stocks to see a surge in volumes on BSE today, 11 September 2026. Larsen & Toubro Ltd notched up volume of 4.5 lakh shares by 10:45 IST on BSE, a 6.63 fold spurt over two-week average daily volume of 67913 shares. The stock slipped 1.33% to Rs.3,902.55. Volumes stood at 74492 shares in the last session. Trent Ltd witnessed volume of 4.3 lakh shares by 10:45 IST on BSE, a 6.54 times surge over two-week average daily volume of 65741 shares. The stock increased 0.05% to Rs.2,791.20. Volumes stood at 1.88 lakh shares in the last session. Power Grid Corporation of India Ltd recorded volume of 57.35 lakh shares by 10:45 IST on BSE, a 4.86 times surge over two-week average daily volume of 11.81 lakh shares. The stock lost 0.92% to Rs.269.50. Volumes stood at 69.35 lakh shares in the last session. Indus Towers Ltd recorded volume of 4.09 lakh shares by 10:45 IST on BSE, a 3.61 times surge over two-week average daily volume of 1.13 lakh shares. The stock gained 3.62% to Rs.386.20. Volumes stood at 79204 shares in the last session. Sun TV Network Ltd witnessed volume of 74543 shares by 10:45 IST on BSE, a 3.6 times surge over two-week average daily volume of 20732 shares. The stock increased 4.57% to Rs.476.10. Volumes stood at 26248 shares in the last session. First Published: Sep 11 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 11:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 11:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Paytm stock up 4% in a weak market on Friday. First Published: Sep 11 2026 | 11:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 10:30 IST, the barometer index, the S&P BSE Sensex, tanked 538.70 points or 0.72% to 74,367.44. The Nifty 50 index lost 179.35 points or 0.76% to 23,298.45. In the broader market, the BSE 150 MidCap Index fell 0.94% and the BSE 250 SmallCap Index shed 0.92%. The market breadth was weak. On the BSE, 1,146 shares rose and 2,669 shares fell. A total of 228 shares were unchanged. India to Hold 18th BRICS Summit on 12-13 September: India assumed the BRICS presidency for 2026, its fourth after 2012, 2016 and 2021, and will host the 18th BRICS Summit in New Delhi on 12-13 September 2026 under the theme "Building for Resilience, Innovation, Cooperation, and Sustainability." During its chairship, more than 350 meetings and high-level engagements have been held across 25 Indian cities, with the agenda focusing on practical cooperation in areas including agriculture, healthcare, digital technology, energy, urban infrastructure, MSMEs, startups, logistics, global value chains, and customs. Key initiatives include the BRICS Startup Innovation Fund, MSME Cooperation Portal, Digital Agriculture Network, Smart Grids and Energy Storage platform, Urban Mobility Hub, and Logistics Supply-Chain Cooperation Framework. Buzzing Index: The Nifty Realty index fell 3.69% to 839.90. The index tanked 8.6% in the six consecutive trading sessions. Godrej Properties (down 6.68%), Lodha Developers (down 6.31%), Prestige Estates Projects (down 4.52%), Aditya Birla Real Estate (down 4.12%), Oberoi Realty (down 3.96%), DLF (down 3.66%), Anant Raj (down 2.91%), Brigade Enterprises (down 2.88%), Phoenix Mills (down 2.65%) and Sobha (down 2.47%) fell. Stocks in Spotlight: Shankesh Jewellers rallied 3.68% after the company reported a 100.14% surge in consolidated net profit to Rs 43.23 crore in Q1 FY27 compared with Rs 21.60 crore in Q1 FY26. Milky Mist Dairy Food rose 4.99% after the company said that it has commissioned skyr and greek yogurt manufacturing plant using ultrafiltration technology at its integrated manufacturing facility in Perundurai, Tamil Nadu. First Published: Sep 11 2026 | 10:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shankesh Jewellers bucks market sell-off to zoom 18% as Q1 PAT doubles First Published: Sep 11 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee extends downside in opening trades on Friday, weighed down by surging crude oil prices, foreign fund outflows and escalating Middle East tensions. INR opened at Rs 95.70 per dollar and hit a low of 95.80 so far during the day. The counter is struggling at a one and half month low driven by elevated crude oil prices and foreign portfolio outflows. Indias BSE Sensex also slipped about 1.0%, or 710 points, to 74,188 this morning. Brent crude climbed nearly 12% this week, as intensifying Middle East tensions disrupted shipping through the Strait of Hormuz and Red Sea, raising concerns over Indias external balance, growth and inflation. The rupee remained under pressure after weakening to 95.44 per dollar, while rising US Treasury yields after stronger-than-expected producer price data lifted expectations of a Federal Reserve rate hike next week added to the risk-off mood. First Published: Sep 11 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil, yields surge batter bank stocks; Nifty Bank index sinks 1.3% First Published: Sep 11 2026 | 10:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cement shares cracked up to 3% in Thursday's trade amid fuel volatility concerns.. First Published: Sep 11 2026 | 10:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The International Monetary Fund (IMF) has described India as a key engine of global growth after the countrys economy expanded 7.8 per cent in the first quarter of the current fiscal year. The stronger-than-expected performance was driven by services and exports, even as the economy faced an energy price shock, said Julie Kozak, Director of the IMFs Communications Department. Amid the ongoing debate over the credibility of India's latest GDP estimates, the IMF has welcomed the country's efforts to modernise its statistical framework, saying the incorporation of a new Index of Industrial Production (IIP) and Producer Price Index (PPI) series should help improve the accuracy of GDP estimates. Kozak said Indias latest GDP release incorporated a new index of industrial production and a new producer price index series. The changes, she said, should improve the countrys GDP estimates. The IMF said it was also monitoring the effect of rising oil prices on Indias economy. Kozak noted that costlier energy creates pressure for all oil-importing countries. But so far, she noted that India has a lot of resilience to the energy price shock. First Published: Sep 11 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Milky Mist Dairy Food said that it has commissioned skyr and greek yogurt manufacturing plant using ultrafiltration technology at its integrated manufacturing facility in Perundurai, Tamil Nadu. Built with an investment of approximately Rs 40 crore, the new plant has a processing capacity of up to 150 tonnes per day. The company installed its customised multi-product yogurt manufacturing facility in 2022 with a capacity of about 20 tonnes per day. Since then, annual demand for the category has grown by more than 50%, leading the company to rapidly outgrow its initial capacity. The company has also witnessed demand for high-protein yogurts more than double in recent months, reflecting the increasing relevance of protein-led nutrition in everyday consumption. The facility forms part of Milky Mists broader expansion and modernisation programme at Perundurai - one of the stated objects of the companys initial public offering. Dr. K Rathnam, wholetime director and chief executive officer, Milky Mist Dairy Food, said: High-protein nutrition is moving from a niche preference to an increasingly mainstream consumption trend. The strong growth in demand for Skyr and Greek Yogurt validates our early investment in this category and reinforces its long-term potential within Indias value-added FMCG market. The commissioning of our advanced manufacturing facility represents a strategic expansion of our technological capabilities. With processing capacity of up to 150 tonnes per day, it provides us with the scale to serve rising demand, accelerate innovation and expand the category." Milky Mist has established strong positions in categories such as packaged paneer, cheese, curd and yogurt, while premium pricing and increasing focus on value-added products support its FMCG-like business model. The company plans to expand manufacturing capacities, strengthen milk procurement and distribution, and pursue strategic acquisitions to enter new markets, geographies and product categories. The company reported a consolidated net profit of Rs 64.68 crore in Q1 FY27, which is nearly 9.91x the PAT figure of Rs 6.53 crore recorded in Q1 FY26. Revenue from operations increased by 43.6% year-on-year (YoY) to Rs 973.45 crore during the period under review. First Published: Sep 11 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shankesh Jewellers rallied 3.68% to Rs 102.03 after the company reported a 100.14% surge in consolidated net profit to Rs 43.23 crore in Q1 FY27 compared with Rs 21.60 crore in Q1 FY26. EBITDA stood at Rs 31.8 crore in Q1 FY27, up 92% from the corresponding quarter last year. EBITDA margin improved to 14.4% in Q1 FY27 from 11.6% in Q1 FY26, an improvement of 279 basis points. Corporate clients contributed 66%, or Rs 280 crore, to the companys revenue during Q1 FY27, while non-corporate clients accounted for the remaining 34%, or Rs 144 crore. Revenue from 22-karat gold sales stood at Rs 337 crore, while 18-karat gold sales contributed Rs 85 crore. The company generated Rs 3 crore in revenue from job work during the quarter. Shankesh Jewellers manufactures hand-crafted gold jewellery and provides customisation services to clients. The company offers a wide range of 22-karat and 18-karat jewellery, including bridal, antique, temple and customized designs, and caters to corporate and non-corporate clients across India. First Published: Sep 11 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
National Aluminium Company Ltd has lost 14.86% over last one month compared to 2.55% fall in BSE Metal index and 4.69% drop in the SENSEX National Aluminium Company Ltd lost 4.07% today to trade at Rs 356.3. The BSE Metal index is down 2.76% to quote at 41045.06. The index is down 2.55 % over last one month. Among the other constituents of the index, Hindalco Industries Ltd decreased 4.06% and Hindustan Zinc Ltd lost 3.67% on the day. The BSE Metal index went up 26.2 % over last one year compared to the 8.88% fall in benchmark SENSEX. National Aluminium Company Ltd has lost 14.86% over last one month compared to 2.55% fall in BSE Metal index and 4.69% drop in the SENSEX. On the BSE, 19614 shares were traded in the counter so far compared with average daily volumes of 4.13 lakh shares in the past one month. The stock hit a record high of Rs 445.1 on 27 Apr 2026. The stock hit a 52-week low of Rs 198.8 on 26 Sep 2025. First Published: Sep 11 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE shares declined to the day's low of ?3,193.20 as against the last close of ?3,306, down 3.4 per cent. First Published: Sep 11 2026 | 9:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Banks, Banking sector, Indian banking sector First Published: Sep 11 2026 | 9:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market crash explained: Sensex dives 700 pts intraday; Nifty below 23,250 First Published: Sep 11 2026 | 9:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indias inflation may continue to rise in the near term, OPEC stated in its monthly report. Headline CPI inflation remained above the RBIs 4% target in July, rising to 4.5%, y-o-y, after 4.4%, y-o-y, in June, while food inflation increased to 5.5%, y-o-y. Price pressures remained stronger in rural areas, where headline inflation stood at 4.8%, compared with 4% in urban centres, reinforcing the importance of the monsoon and food-supply conditions for the near-term outlook, it said. The composition remains somewhat more reassuring than the headline figure, as underlying inflation excluding precious metals is still relatively subdued, but second-round effects remain the key risk, particularly through food prices, transport costs, fertiliser, logistics and services. Developments in August have pointed to ongoing challenges, however, as reservoir levels remain below last years levels in several regions. Reservoir storage is an important indicator to watch in this respect, since it determines both irrigation capacity for the sowing season and the buffer against deficient rainfall. Storage entering the season has been low, and a further shortfall would weigh on sowing decisions and rural demand. Against this backdrop, although the RBI kept the repo rate unchanged at 5.25% in August, its communication has become more cautious. Indeed, policymakers have left open the possibility of tightening later in the year if inflation pass-through broadens or expectations become less anchored, the oil cartel further noted. First Published: Sep 11 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock market holiday: Are BSE, NSE closed on Sept 14 for Ganesh Chaturthi? First Published: Sep 11 2026 | 9:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For collaboration in AI, cybersecurity and emerging deep-technology domains Edvenswa Enterprises has entered into a Memorandum of Understanding (MoU) with Armour1X LLP, Hyderabad, to establish a strategic, non-exclusive collaboration framework focused on Artificial Intelligence (AI), Generative AI, Cybersecurity, Cyber-Physical Security, IoT, Intelligent Automation and other Deep Technologies. Under the proposed collaboration, the parties intend to jointly identify and develop technology use cases, undertake Proofs-of-Concept (PoCs), design and deliver workforce training and capability building programmes, and develop integrated technology solutions for enterprise, government and institutional customers. Edvenswa will leverage its capabilities in digital transformation, application engineering, cloud technologies, AI, cybersecurity, IoT, systems integration and managed services to support solution engineering, implementation and technology delivery. Armour1X will contribute its deep-technology expertise, AI/GenAI and cybersecurity capabilities, specialist technology platforms and solutions, technology ecosystem and strategic market relationships. The collaboration will also explore joint go-to-market initiatives, technology evaluation, solution development, implementation and deployment, with an initial focus on enabling workforce capabilities and building talent in AI, cybersecurity and emerging deep-technology domains. First Published: Sep 11 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Glenmark Specialty S.A., a wholly owned subsidiary of Glenmark Pharmaceuticals (Glenmark), today announced the launch of RYALTRIS Nasal Spray in Brazil for the treatment of moderate to severe symptoms associated with allergic rhinitis (AR) in adults and adolescents of 12 years of age and older. The launch follows regulatory approval granted by the Brazilian Health Regulatory Agency, Agcia Nacional de Vigilcia Sanitia (ANVISA) earlier this year. The launch reflects Glenmark's continued commitment to advancing its respiratory innovation journey and reinforces the Company's continued progress in expanding access to differentiated therapies across global markets. Allergic rhinitis is a highly prevalent chronic condition in Brazil, affecting an estimated 20-30% of the population, equivalent to nearly 40-60 million people2,3. This significant disease burden highlights the need for effective, convenient, and differentiated treatment options for patients across the country. The launch of RYALTRIS introduces the first olopatadine-containing intranasal combination therapy in Brazil, combining an antihistamine (olopatadine hydrochloride) and a corticosteroid (mometasone furoate) in a single nasal spray. This offers a differentiated dual-action treatment option for symptoms associated with allergic rhinitis. First Published: Sep 11 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Bandhan Bank, Inox Wind, Kaynes Technology, SAIL and Manappuram Finance barred from fresh F&O positions on 11 September 2026. Stocks To Watch: Oil-oriented stocks are likely to remain in focus after Brent crude crossed the $105-per-barrel mark. Shankesh Jewellery reported a 100.14% surge in consolidated net profit to Rs 43.23 crore in Q1 FY27 compared with Rs 21.60 crore in Q1 FY26. Revenue from operations jumped 55.06% YoY to Rs 423.57 crore in Q1 FY27. Neogen Chemicals board approved raising funds through qualified institutional placement (QIP) with an floor price of Rs 2,189.73 per equity share. The company may offer upto 5% discount to floor price. Texmaco Rail & Engineering received an order worth Rs 27.82 crore from Hindalco Industries for supply 1 BTAP rake along with 1 Brake Van for Aditya Expansion Project. Juniper Green Energy has commissioned 35 MW of wind power capacity forming part of its 150 MW Wind Solar Hybrid Power Project. With the commissioning of the aforesaid capacity, the companys capacity under this project stands at 175 MWp out of total planned capacity of 190 MWp. Gujarat Themis Biosyns board has approved the issuance of Non-Convertible Debentures (NCDs) aggregating upto Rs 585 crore on private placement basis. First Published: Sep 11 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The issue is entirely an OFS, with existing shareholders offering 12.64 crore shares The IPO comprises an offer for sale of 12,64,36,650 equity shares by existing shareholders and does not include any fresh issue. At the upper price band, the offering is worth about Rs 22,569 crore. The OFS size has been reduced from the earlier proposal of around 14.9 crore shares, lowering the issue size from the initially indicated level of around Rs 30,000 crore. Since the issue is entirely an OFS, NSE will not receive any proceeds from the IPO. The IPO will have a lot size of eight shares, requiring a minimum investment of Rs 14,280 for retail investors at the upper price band. Eligible NSE employees will receive a discount of Rs 170 per share. Allotment is expected to be finalised on 22 September, while the shares are likely to list on 24 September 2026. Several existing shareholders have reduced the number of shares they plan to sell. State Bank of India has cut its proposed OFS to around 1.60 crore shares from 2.47 crore earlier, while Morgan Stanley Strategic (Mauritius) has reduced its offer to around 1.10 crore shares from 1.60 crore. Other shareholders have also trimmed their proposed sales, resulting in the overall OFS falling to about 5.1%-5.2% of NSE's equity from the earlier 6% plan. According to its DRHP, the exchange accounted for 92.99% of India's cash equity market by turnover in FY26, 99.79% of equity futures by turnover and 74.71% of equity options by premium turnover. It has also remained the world's largest equity derivatives exchange by contracts traded for seven consecutive years. As of 31 March 2026, NSE had 129.09 million unique registered investors, 1,325 trading members and 2,978 listed entities. The listed entities had a combined market capitalisation of Rs 411.25 lakh crore. NSE's unique registered investor base grew at a compound annual growth rate of 26.93% between March 2020 and March 2026. The exchange also remains a major capital-raising platform. In FY26, total fund mobilisation through NSE stood at Rs 20.33 lakh crore, while 108 mainboard IPOs were hosted on the exchange. NSE's financial performance presents a mixed picture. For FY26, consolidated revenue from operations declined 3% year-on-year to Rs 16,601 crore from Rs 17,141 crore, while profit after tax fell 15% to Rs 10,302 crore from Rs 12,188 crore. Operating EBITDA declined 12% to Rs 11,098 crore, with the operating EBITDA margin narrowing to 67% from 74%. Transaction charges accounted for Rs 13,057 crore of NSE's FY26 revenue from operations, with options contributing Rs 9,996 crore, or about 77% of transaction-charge revenue. The high contribution from options also highlights NSE's exposure to changes in derivatives trading activity and regulatory measures affecting the segment. The exchange's June 2026 quarter, however, showed an improvement. Consolidated revenue from operations increased 13% year-on-year to Rs 4,560 crore, while profit after tax rose 7% to Rs 3,120 crore. Operating EBITDA increased 15% to Rs 3,594 crore and the operating EBITDA margin improved to 79% from 78% a year earlier. The IPO gives investors an opportunity to participate in India's dominant exchange franchise, which has a rapidly expanding investor base and high operating profitability. However, NSE remains exposed to fluctuations in trading activity and regulatory changes affecting the derivatives market. First Published: Sep 11 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty September 2026 futures were up 20 points, indicating a mildly positive start for the Nifty 50. India to Hold 18th BRICS Summit on 12-13 September: India assumed the BRICS presidency for 2026, its fourth after 2012, 2016 and 2021, and will host the 18th BRICS Summit in New Delhi on 12-13 September 2026 under the theme "Building for Resilience, Innovation, Cooperation and Sustainability". During its chairship, more than 350 meetings and high-level engagements have been held across 25 Indian cities, with the agenda focusing on practical cooperation in areas including agriculture, healthcare, digital technology, energy, urban infrastructure, MSMEs, startups, logistics, global value chains and customs. Key initiatives include the BRICS Startup Innovation Fund, MSME Cooperation Portal, Digital Agriculture Network, Smart Grids and Energy Storage platform, Urban Mobility Hub and Logistics Supply-Chain Cooperation Framework. NSE to Launch Rs 22,569 Crore IPO on 17 September: NSE will launch its IPO for subscription from 17 September to 21 September 2026, with anchor bidding on 16 September. The price band is set at Rs 1,700-1,785 per share, with a lot size of 8 shares and a minimum retail investment of Rs 14,280. The IPO is entirely an offer for sale of 12,64,36,650 shares by existing shareholders. At the upper price band, the issue size is Rs 22,568.94 crore, lower than the earlier plan of around Rs 30,000 crore after the proposed OFS was reduced. Eligible NSE employees will receive a discount of Rs 170 per share. Allotment is expected on 22 September, with listing likely on 24 September. SBI has reduced its proposed OFS to around 1.60 crore shares from 2.47 crore, while Morgan Stanley Strategic (Mauritius) has cut its offer to 1.1 crore shares from 1.6 crore. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 438.24 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,025.85 crore in the Indian equity market on 10 September 2026, according to provisional data. FPIs sold shares worth Rs 14247.69 crore in September so far, through 10 September 2026. This follows net cash purchases of Rs 17,366 crore in August 2026, while they were net buyers of Rs 6,731.97 crore in July 2026. Global Markets: The US Dow Jones index futures were up 107 points, pointing to a higher opening for US stocks on Friday. However, the broader global market backdrop remained cautious as investors assessed surging crude oil prices, rising bond yields and the risk of further monetary tightening. Asian shares came under heavy selling pressure in early trade, with Japans Nikkei 225 and South Koreas Kospi among the biggest decliners. Weakness was also seen in other regional markets as investors reacted to the latest escalation in the Middle East and the resulting jump in energy prices. Japan's wholesale inflation rose 7.6% in August from a year earlier, BOJ data showed. It followed a revised 7.7% gain in July. Brent crude was trading around $108.35 a barrel, down 0.54%, after jumping 5.9% on Thursday to settle at $107.63. The rise in crude prices has intensified concerns that a prolonged conflict could keep global inflation elevated. The latest escalation has also raised concerns over shipping through key Middle Eastern and Red Sea routes, adding to uncertainty over the availability and cost of crude supplies. US stocks fell for a fourth consecutive session on Thursday. The Dow Jones Industrial Average declined 316.56 points, or 0.60%, to 52,064.10, while the S&P 500 fell 0.58% to 7,591.70 and the Nasdaq Composite declined 0.65% to 26,081.72. The S&P 500's four-session losing streak came as investors reassessed the outlook for inflation and interest rates following the surge in oil prices. The sell-off in equities was accompanied by a sharp rise in US Treasury yields. The 10-year yield moved close to 5%, reaching levels not seen since 2023, while the 30-year yield also climbed to a multi-year high. Higher yields increase borrowing costs and can put pressure on equity valuations, particularly interest-rate-sensitive and growth stocks. Investors are also digesting the latest US inflation data. The Producer Price Index for final demand increased 0.4% month-on-month in August, while prices rose 5.4% from a year earlier. Energy prices were a major contributor, with final-demand energy prices rising 4.2% in August and diesel prices jumping 24.1%. Attention now turns to the US Consumer Price Index for August, due later on Friday. The CPI will be closely watched ahead of the Federal Reserve's September 15-16 meeting, as policymakers assess whether higher energy prices are feeding into broader inflation. Markets are currently pricing roughly a 70-71% probability of a 25-basis-point Fed rate hike next week, according to CME FedWatch data. Domestic Market: The domestic equity benchmarks staged a late recovery on Thursday, snapping a three-session losing streak. Buying during the closing auction helped the Nifty and Sensex overcome losses seen during regular trading. The recovery came despite a challenging global backdrop, with Brent crude remaining above $100 a barrel amid escalating tensions in the Middle East. Higher crude prices continued to raise concerns over inflation, corporate margins and India's external balance, while elevated US Treasury yields added to pressure on global risk assets. The S&P BSE Sensex advanced 138.36 points or 0.19% to 74,902.59. The Nifty 50 index rose 46.30 points or 0.20% to 23,477.80. In the past three consecutive sessions, the Sensex and Nifty declined 2.29% and 1.95%, respectively. First Published: Sep 11 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 49.15% to Rs 15.64 crore First Published: Sep 11 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
APL Apollo Tubes announced that it has incorporated an associate company, SG Enterprise Solutions, which will provide common corporate support services to participating group entities through a centralised shared services model. APL Apollo Tubes is Indias leading structural steel tube manufacturer. The company operates 11 manufacturing facilities with a total capacity of 5 million tons. The company reported a 10.9% rise in consolidated net profit to Rs 263.1 crore on a 8.5% increase in net revenue to Rs 5,606.7 crore in Q1 FY27 as compared with Q1 FY26. Sales volume for the period under review was 744,823 ton, down 6% YoY. The counter rose 1.41% to settle at Rs 2,198 on the BSE. First Published: Sep 11 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ashwini Shami First Published: Sep 11 2026 | 8:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: Vi, OMCs, SBI, Texmaco Rail, PNB, HDFC Bank, YES Bank First Published: Sep 11 2026 | 8:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to slump at open amid negative global cues. First Published: Sep 11 2026 | 7:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
An auto-rickshaw drives past a hoarding promoting Nestle Maggi 2-Minute Noodles, in Mumbai, India | REUTERS India's proposal to put health warning labels on some food products has sparked a nationwide debate over how the country came to rely on cheap packaged food while companies sold more nutritious versions of the same brands in other markets. With an income per household well below the global average, Indians are keen consumers of cheap food products such as Nestle-owned Maggi instant noodles and Coca-Cola Co's Thums Up - giving big food manufacturers a huge market with little pressure to apply the food standards they adopt in many other countries. Until now. In a setback to the industry, the Food Safety and Standards Authority of India (FSSAI) said on Thursday it could introduce tougher red warning labels on food that exceeds government-set limits ?on added sugar, salt or saturated fat in one go, after Supreme Court judges raised questions about FSSAI's initial plan for a phased introduction. High sugar content is a particular risk in India, which accounts for about a quarter of all global cases of diabetes, which health experts have blamed partly on processed food. More than 101 million people in India are living with diabetes, while another 136 million have prediabetes, Danish drugmaker Novo Nordisk said in July. India's packaged food market grew to $137.25 billion in 2026, from $129.18 billion in 2025, and is projected to reach $238.83 billion by 2034, according to research firm IMARC Group. Around 6 billion meals eaten in Indian households and on street corners every year are Maggi two-minute masala noodles, made by Swiss food giant Nestle. Maggi launched India's first brand of instant noodles in 1983, targeting newly working mothers and children as a fast evening snack with print ads featuring kids slurping bowls of Maggi noodles "after school, after play" and saying "Mummy, I'm hungry." The product's success strengthened Nestle's foothold in what is today the company's fastest-growing region, where all variants of Maggi are made with palm oil, whereas many versions sold in Britain use pricier sunflower oil. Similarly, Nestle's KitKat bars in India have less cocoa in them than Australian versions. "It plays on national pride - why is it that India is getting short-changed? Why do companies make the call on my behalf that I can't afford better ingredients?" said Shashank Mehta, a former marketing manager at Unilever's India unit. Higher quality ingredients are also more expensive and could prompt price hikes ?in a cost-conscious market, a former senior Nestle executive, who declined to be named, said. Nestle said in a statement that its recipes are developed taking into account consumer expectations, local taste preferences depending on the food culture, availability of ingredients and climatic conditions. Recipe variations do not affect product quality, Nestle said, adding that it has more than 10 regional KitKat recipes globally. The company said it complies with all Indian food safety laws and that ingredients are clearly declared on packs. India has debated front-of-pack warning labels for years to flag high content of sugar, salt and fat, like those implemented in Chile and Mexico, but faced industry opposition, with businesses specifically worried as many traditional Indian products are high in sugar or fat. Chile's 2016 food labelling law, which puts separate black octagons on a pack for each high nutrient, was followed by a 23.7% decline in purchases of sugary drinks, researchers have said. The All India Food Processors' Association says 80% of packaged food could be flagged in India as having high fat, sugar or salt content under the proposed labelling rule. Pressure in India for stricter labelling has intensified recently from health advocates and social media influencers among others. The food safety regulator's proposal came amid public anger after Reuters reported that India's government had yielded to industry lobbying in March when Coca-Cola and groups backing Nestle and PepsiCo opposed having warning labels ?on the front of food and drinks packaging. Western packaged food giants have been in India for about a century. Nestle started to sell sugary condensed milk in 1912 to what was then a British colony with an extremely poor local population. Unilever began selling "dalda" - a hydrogenated vegetable oil formulation - in India in 1937. It provided a very affordable alternative to expensive traditional ghee and quickly became a staple in lower-class kitchens, restaurants, and sweet shops. Foreign corporations quickly ?began producing locally to keep prices low. "Many recipes in India were designed decades ago for a very cost-conscious consumer, and those recipes have simply been carried forward," said Parul Sharma, a former executive at Mondelez's India unit who oversaw supermarket sales. "For ?the longest time, Indian consumers never really questioned brands." Coca-Cola Co's Thums Up - a cola moulded over decades to suit local tastes - has grown into a more than $1 billion brand that is sold in India and exported to the Indian diaspora. Thums Up looks similar to Pepsi and Coca Cola but tastes different. Coca-Cola Co bought the brand for about $60 million in 1993 to slowly phase it out and replace it with its ?own flagship drink. But Indian shoppers were so loyal to the taste that Coke decided to keep it. Coca-Cola's traditional cola is also a cultural mainstay, sold on street corners with a healthy dose of spices as 'masala coke.' Coca-Cola did not respond to a request for comment. A Unilever spokesperson said that in the last five years the company has "made significant progress in reducing both sugar and salt across the portfolio, reflecting our support towards healthier ?diets." "We have a long-standing commitment to improving nutrition, guided by rigorous science-based standards." Former Mondelez executive Sharma said taste entrenchment is one of the biggest deterrents for large companies to modify recipes. "You can't change a recipe overnight without risking the loss of a very loyal consumer base," Sharma said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 11 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pine Labs Limited has initiated a bullish recovery bounce off its support zone near ?160–?162. First Published: Sep 11 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On a weekly basis, the benchmarks were trading nearly 13% higher - the steepest gain since the week ended July 17 Oil prices rose on Friday and both major benchmarks are on track to end the week at over $100 a barrel for the first time since mid-May, as increasing attacks along key shipping routes in the Middle East fuel fears of a prolonged disruption to supplies. Brent crude futures rose $1.05, ?or 1%, to $108.68 a barrel by 0045 GMT. US West Texas Intermediate crude rose 95 cents, also 1%, to $103.45 a barrel. Both benchmarks rose over 6% on Thursday. On a weekly basis, the benchmarks were trading nearly 13% higher - the steepest gain since the week ended July 17. Iran-aligned Houthis seized control of Yemen's port of Mocha on Thursday, posing a further threat to Red Sea traffic, while Gulf traffic remains restricted through the Strait of Hormuz as tanker attacks in the region have intensified in recent days. Attacks from Yemen on Saudi energy facilities marked an escalation beyond Iran and the Strait of Hormuz, and raised ?fears of prolonged disruptions in the broader region, analysts say. US President Donald Trump warned the US may hit Iran's Pickaxe Mountain, located near its heavily damaged Natanz uranium enrichment facility, and said the war would end after the November midterm elections. "With events spiralling and Iran showing it is willing to stretch this conflict as wide and as long as it can, it is becoming increasingly likely that WTI crude will retest the $119.48 high from early March," IG analyst Tony Sycamore said. Iran said it had attacked 10 ships near the strait on Wednesday, after the US ?hit five Iranian oil tankers. Iran's Islamic Revolutionary Guard Corps said it would escalate its response to any further attacks. The US national average price of diesel surpassed $6 a gallon ?for the first time ever on Thursday, according to price tracker GasBuddy, as the US-Iran war and Ukrainian ?attacks on Russia's refineries have squeezed supply. Analysts said the rally's durability will hinge on China, the world's largest crude importer. If China continues to buy, it could amplify the ?impact of supply disruptions and drive prices higher. OPEC lowered its forecast for world oil demand growth in 2026 to 380,000 barrels per day, a copy of its monthly report showed, marking the ?fifth straight downward revision. OPEC oil output fell by 640,000 bpd in August, a Reuters survey found. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 11 2026 | 7:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NSE IPO price band set at ?1,700-1,785; bidding from September 17 First Published: Sep 11 2026 | 7:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NSE IPO price band set at ?1,700-1,785; bidding from September 17 First Published: Sep 11 2026 | 7:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ice cream stocks scoop up 85% gains from 2026 lows; can RIL roil the party? First Published: Sep 11 2026 | 6:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 11 2026 | 6:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 11 2026 | 12:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BRICS as a Global Alternative — Prospects and Concerns for India: Proceedings of an International Seminar First Published: Sep 10 2026 | 10:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Capital Group First Published: Sep 10 2026 | 10:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Capital Group First Published: Sep 10 2026 | 10:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Capital Group First Published: Sep 10 2026 | 10:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Capital Group First Published: Sep 10 2026 | 10:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Capital Group First Published: Sep 10 2026 | 10:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Capital Group First Published: Sep 10 2026 | 10:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Capital Group First Published: Sep 10 2026 | 10:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Capital Group First Published: Sep 10 2026 | 10:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Capital Group First Published: Sep 10 2026 | 10:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Capital Group First Published: Sep 10 2026 | 10:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jagrut Kotecha, CEO, PepsiCo India & South Asia Global food and beverage major PepsiCo expects India to break into its list of top 10 global markets in the coming years, as the country continues to draw investment for its expanding manufacturing footprint and rising consumption potential, its India & South Asia CEO Jagrut Kotecha said on Thursday. Calling India one of its most promising markets globally, he said the company remains "very bullish" on the country's growth potential, backed by an investment of around Rs 5,700 crore by 2030 to scale up capacity and strengthen its regional footprint. PepsiCo, which is investing to enhance capacity and scale up its supply chain network, inaugurated its fifth manufacturing plant in Nalbari, Assam, on Thursday, with an investment of Rs 778 crore. The company, which earlier this year opened a concentrate facility at Ujjain in Madhya Pradesh, is also setting up a plant at Tiruchirappalli in Tamil Nadu to widen its presence in south India. Replying to a PTI query on whether India will come under its top 10 markets in the coming years, he said, "Yes. That's what our vision is." PepsiCo believes in the "potential of India" in "both our food and beverage business", segments, in which the New York-headquartered company operates here. "The per capita consumption is still very low when you compare it versus other markets for packaged goods. So that's where we are very bullish," he said at a media roundtable here. India is one of PepsiCo's top 13 anchor markets globally. PepsiCo India had a turnover of Rs 9,789 crore in 2025. Its bottling business is handled by franchise partner Varun Beverages, whose standalone revenue (mainly India) stood at Rs 15,070.7 crore. Kotecha did not comment on business expectations for the second half (H2) of 2026, but said the company is "very bullish". India is one of the "key anchor markets" for the food, snack and beverage multinational, which re-entered the country in the 1990s after a gap of nearly three decades. As part of its expansion, PepsiCo will also cater to regional tastes and preferences, saying its approach will not be uniform across the country. The company "will work with the 7 India or 9 India geographies" as per their taste profiles. "Our manufacturing footprint and all the effort is to make in India, for India, by Indians, for the Indian consumer," he said. On export opportunities, he said the focus will remain on the domestic market, which holds great potential, though some exports will continue to neighbouring markets such as Bhutan and Sri Lanka. "So all the capacity which was put in, whether it's the concentrate plant at Ujjain or the foods plant, all of it is for India," Kotecha said. PepsiCo's 44.2-acre Assam facility is the company's fifth food manufacturing plant in the country and reinforces its "Partnership of Progress" and "In India, For India" commitment, it said. The Nalbari plant has created 700 direct and indirect employment opportunities and is expected to accelerate the growth of local MSMEs and ancillary industries, PepsiCo said, adding that it will support over 5,000 farmers through demand for potatoes over the coming years. The facility will strengthen Assam's agricultural ecosystem by enabling the sourcing of chip-grade potatoes, benefiting more than 5,000 farmers through sustainable farming practices and creating demand for around 60,000 tonnes of cold storage capacity. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 10 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 8:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 8:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 8:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 8:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 8:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 8:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 8:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 8:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 8:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 8:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 8:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 8:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 8:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 8:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 8:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
OMCs will probably declare better results Q-o-Q in Q2FY27 over Q1FY27, due to a reduction in marketing under-recovery, lower crude prices through the first half of Q2 and a decline in LPG under-recovery This article has been processed by AI. It is not an official market report and should not be considered financial advice.
OMCs will probably declare better results Q-o-Q in Q2FY27 over Q1FY27, due to a reduction in marketing under-recovery, lower crude prices through the first half of Q2 and a decline in LPG under-recovery This article has been processed by AI. It is not an official market report and should not be considered financial advice.
OMCs will probably declare better results Q-o-Q in Q2FY27 over Q1FY27, due to a reduction in marketing under-recovery, lower crude prices through the first half of Q2 and a decline in LPG under-recovery This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dev Information Technology has secured an enterprise technology order from the 'Central Power Research Institute (CPRI) Bangalore,' under the Ministry of Power, Government of India worth Rs. 30 lakhs approximately. The assignment encompasses the re-design, re-development, testing, commissioning, rollout, security audit, GIGW compliance certification, and comprehensive maintenance of the official CPRI website in a bilingual format. The project will be executed in accordance with applicable Government of India standards and guidelines, including GIGW 3.0, along with relevant cybersecurity requirements. The initiative is aimed at modernizing CPRI's digital presence through a secure, scalable, accessible, and standards compliant web platform. First Published: Sep 10 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shivraj Singh Chouhan, Minister of Agriculture and Farmers Welfare of India First Published: Sep 10 2026 | 8:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Under approved resolution plan Consequently, AMD Business Support Services (AMD), which was a wholly owned subsidiary of NCR Rail, has also become a step down wholly owned subsidiary of the Company, with effect from 10 September 2026. First Published: Sep 10 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 7:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 7:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Siemens Digital Industries Software today announced its agreement with Redington, a leading technology aggregator and innovation catalyst, in Africa and the Middle East. This agreement brings the full power of the Siemens Xcelerator portfolio of industrial software to six key African markets: Egypt, Kenya, Ethiopia, Nigeria, Morocco and Tanzania, with plans to expand into further regions in the future. Through this collaboration, engineers and designers across the continent will gain access to best-in-class solutions, including Teamcenter software for product lifecycle management (PLM), Designcenter software for advanced product design and engineering, and Simcenter software for advanced simulation and testing. These tools are underpinned by Siemens' industry-leading Digital Twin technology - which creates a highly accurate virtual model of physical assets - and cutting-edge Industrial AI capabilities that allow companies to predict failures, optimize production and innovate at unprecedented speeds. The agreement comes at a pivotal time for Africa, as industries accelerate their adoption of digital technologies to drive greater efficiency, resilience and growth. By bringing together Siemens' world-class software with Redington's deep local market expertise and trusted partner network, the collaboration will help organizations across the continent unlock next in industrial innovation and digital transformation. First Published: Sep 10 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sterlite Technologies (STL) announced an update to its data center portfolio with Optical Fiber Nonconductive Plenum (OFNP) US certification for 48 to 576F Intermittently Bonded Ribbon (IBR) pre-terminated assembly portfolio. These factory-built cable assemblies are critical to support the AI-led Data Center market requirements with connectors installed, polished, and tested for high performance, preventing the need for field splicing and equipment resulting in fast installation and lowered cost. With this certification, STL is now among the global AI ready infrastructure providers for NFPA 262-qualified indoor cable assemblies. The Plenum certified cable assembly portfolio is purpose-built for indoor applications, targeting specialised deployment inside hyperscale, colocation, and enterprise data center containment zones. Optimised for tight routing environments, these cables enable operators to scale bandwidth within restricted duct spaces without compromising safety compliance. First Published: Sep 10 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To lead distribution and joint go-to-market initiatives in India Orient Technologies is going ahead with the expansion of its cybersecurity business following the signing of a USD 3.15 million, three year contract with Securonix, with additional investments planned as the business scales, taking the total investment to approximately USD 5 million over the course of the expansion, alongside plans to hire around 100 cybersecurity professionals and target 12% growth in its customer footprint. Under the strengthened relationship, Orient will take on an expanded mandate as Securonix's exclusive Value-Added Distributor (VAD) and joint go-to-market partner in India, while building capabilities across implementation, professional services, technical support, managed security and SOC enablement. This arrangement will strengthen Orient Technologies' cybersecurity business by combining technology, implementation, professional services, technical support, managed security and SOC enablement across the security lifecycle. Building on Orient Technologies' experience as a Securonix Managed Security Service Provider (MSSP), the expanded mandate will see Orient lead distribution and joint go-to-market initiatives in India, enable regional partners and support enterprise deployments and integrations. As part of the strengthened relationship, Orient Technologies is also certified and authorized to sell Securonix solutions in India and the United States, further extending the scope of the collaboration. First Published: Sep 10 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At Global Fintech Awards 2026 Network People Services Technologies (NPST) has been recognised with the prestigious 'Best Digital Banking Platform' award at the Global Fintech Awards 2026 under the Excellence in Banking Tech category. The recognition acknowledges NPST's capabilities in developing scalable, secure and compliance-ready digital banking platforms that enable financial institutions to modernise their banking infrastructure, enhance customer experiences and navigate the evolving digital payments ecosystem. By combining digital banking, payments, risk management and regulatory capabilities, NPST's technology platforms are designed to address the evolving needs of financial institutions while supporting seamless and efficient digital transformation. The recognition further reinforces NPST's focus on innovation, platform scalability and next-generation digital banking solutions. First Published: Sep 10 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 7:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 7:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tuhin Kanta Pandey, Chairman, Securities and Exchange Board of India (Sebi). First Published: Sep 10 2026 | 6:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Sep 10 2026 | 6:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hero MotoCorp This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hero MotoCorp This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Havells India This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Still from HALF First Published: Sep 10 2026 | 6:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Havells India This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee slumped sharply on Thursday as Brent oil hit 104 and soaring nearly 15% since the start of September amid escalatory strikes between Iran and the US. INR depreciated 38 paise to close at 95.46 (provisional) against the US dollar. Brent crude breaching crucial levels are mounting concerns over the country's import cost trajectory. The domestic currency is currently facing opposing forces, with downside pressure driven by a resumption of foreign portfolio outflows, following positive flows in July and August and crude oil trading at elevated levels. At the interbank foreign exchange market, the rupee opened at 95.15 against the US dollar, then lost ground to close at 95.46 (provisional) against the American currency, registering a loss of 38 paise from its previous close. Local shares however fluctuated before ending slightly higher on Thursday. Benchmark indexes snapped a three-day losing streak even as Brent crude prices rose to reach their highest level since May, fueling concerns about the potential impact on rupee, inflation and corporate earnings. First Published: Sep 10 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vikas Singh, Managing Director, Greaves Electric Mobility. First Published: Sep 10 2026 | 6:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 134.37 crore shares as against 1.64 crore shares on offer. The issue opened for bidding on 8 September 2026 and will close on 10 September 2026. The price band of the IPO is fixed between Rs 172 and 182 per share. An investor can bid for a minimum of 82 equity shares and multiples thereof. The offer comprises fresh issue of equity shares of Rs 2 each aggregating to Rs 60 crore and an offer for sale of 20213722 equity shares. The offer for sale component consists of sale of 14943048 equity shares by India Business Excellence Fund IIA, an investor selling shareholder and balance 5270674 equity shares by promoters. Of the net proceeds from fresh issue, the company intends to use Rs 50 crore to fund capital expenditure requirements for setting up of GPU project as part of planned backward integration of the company at its Vile Bhagad facility and balance towards general corporate purposes. Glass Wall Systems (India) is a fade and fenestration solutions provider catering to real estate developers, hospitals, airport authorities, contractors and corporate clients in India, as well as customers in the USA and Australia. The company offers customized fade, curtain wall, skylight, canopy, rain screen cladding, aluminium doors and windows, and other architectural solutions across three verticalsdomestic fade solutions, international fade products supply and fenestration solutions. It has completed 158 projects and had an order book of Rs 981.55 crore as of March 31, 2026. The company operates a manufacturing facility at Vile Bhagad, Maharashtra, with a capacity of 130 panels per day, and is setting up an in-house glass processing unit to support backward integration. Ahead of the IPO, Glass Wall Systems (India) on Monday, 8 August 2026, raised Rs 128.36 crore from anchor investors. The board allotted 70.35 lakh shares at Rs 182 each to 15 anchor investors. The firm reported a consolidated net profit of Rs 83.79 crore and sales of Rs 456.97 crore for the twelve months ended on 31 March 2026. First Published: Sep 10 2026 | 6:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 70.26 lakh shares as against 1.13 crore shares on offer. The issue opened for subscription on 10 September 2026 and will close on 15 September 2026. The company has fixed the price band at Rs 130 to Rs 140 per equity share. The IPO comprises a fresh issue of equity shares aggregating to Rs 210 crore. Investors can bid for a minimum of 107 equity shares and in multiples thereof. The maximum subscription amount for retail investors is Rs 2 lakh. The issue is being made through the book-building route, with the shares proposed to be listed on BSE and NSE. On 9 September 2026, the company allocated 45 lakh equity shares to anchor investors at Rs 140 per share, aggregating to Rs 63 crore. Of the total anchor allocation, 3.57 lakh shares, or 7.94%, were allocated to one domestic mutual fund through two schemes, Taurus Mid Cap Fund and Taurus Flexi Cap Fund. Veegaland Developers, promoted by Kochouseph Thomas Chittilappilly, is engaged in the planning, development and sale of multi-storied residential apartment projects in Kerala. It markets residential projects across mid-premium, premium, ultra-premium, luxe-series and ultra-luxury segments under the Veegaland Homes brand. Its projects are located in Kochi, Thiruvananthapuram, Kozhikode and Thrissur. As of 30 June 2026, the company had completed 10 residential projects with an aggregate saleable area of 1.105 million square feet, comprising 692 units. All units in these completed projects had been sold. The company had 12 ongoing projects comprising 994 units with a saleable area of 1.86 million square feet and three upcoming projects comprising 212 units with a saleable area of 0.46 million square feet as of 30 June 2026. Of the units available for sale in its ongoing projects, 637 units, representing 1.17 million square feet, had been sold as of 30 June 2026. The contracted order book stood at Rs 909.42 crore, representing the aggregate value of sale agreements executed in its ongoing projects. Veegaland Developers follows a combination of outright land purchases and an asset-light development model through joint development arrangements with landowners. Its in-house team handles project monitoring, planning, supervision, quality control and regulatory compliance, while construction, architectural design, structural engineering and MEP services are undertaken through third-party contractors and consultants. As of 31 August 2026, the company had land reserves of 6.51 acres across Kochi and Kozhikode for potential future residential development, subject to statutory approvals, feasibility assessments and market conditions. The company plans to use Rs 119.83 crore of the net IPO proceeds to fund part of the expenditure for development of its ongoing projects. The remaining proceeds will be used for unidentified land acquisitions and general corporate purposes. Veegaland Developers reported consolidated restated revenue of Rs 250.98 crore in FY26, up 30% from Rs 192.38 crore in FY25. Operating profit increased 32% to Rs 39.46 crore from Rs 29.93 crore, while net profit rose 30% to Rs 26.61 crore from Rs 20.43 crore. The operating profit margin increased to 15.7% in FY26 from 15.6% in FY25. The company identifies its project execution and sales track record, pipeline of ongoing and upcoming projects, land-sourcing approach and integrated development model among its strengths. Its operations are entirely concentrated in Kerala, while construction activities are dependent on third-party contractors and specialist agencies. The company also reported negative cash flows from operating activities in FY26 and FY25. First Published: Sep 10 2026 | 6:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 105.92 crore shares as against 1.16 crore shares on offer. The issue opened for bidding on 8 September 2026 and will close on 10 September 2026. The price band of the IPO is fixed between Rs 601 and 632 per share. An investor can bid for a minimum of 23 equity shares and multiples thereof. The offer comprises a fresh issue of equity shares of Rs 2 each, aggregating to Rs 300 crore and an offer for sale of 11957915 equity shares. The offer for sale component consists entirely of sale by K Sons Family Trust, a promoter selling shareholder. The company proposes to utilize Rs 64.18 crore from the net proceeds of the fresh issue towards capital expenditure requirements, including the purchase of plant and machinery for its Gangol plant to increase transformer manufacturing capacity, expand and automate backward integration facilities, and enhance operational efficiency. The funds will also be used for the construction of an office building at the Gangol plant and for sustainability initiatives, including setting up solar power plants at its facilities and purchasing electric vehicles for handling and movement activities at the Gangol plant. Further, the company intends to utilise Rs 155 crore towards funding incremental working capital requirements, while the balance of the net proceeds will be utilised for general corporate purposes. Ahead of the IPO, Kanohar Electricals on Monday, 7 September 2026, raised Rs 316.72 crore from anchor investors. The board allotted 50.11 lakh shares at Rs 632 each to 42 anchor investors. Kanohar Electricals, promoted by Dinesh Singhal, a technocrat, is one of leading domestic manufacturer of transformers in the country catering to high growth industries such as power transmission, railways, renewable energy, and power distribution. Apart from manufacturing transformers, the company is also undertaking EPC projects in power T&D sector. Across its transformer manufacturing business and EPC business, it have successfully executed orders domestically in the states of Punjab, Rajasthan, Gujarat, Assam, Himachal Pradesh, Bihar, Maharashtra, Madhya Pradesh, Jharkhand, Karnataka, and overseas in Taiwan. The transformer manufacturing business accounted for the majority of the companys revenue from operations in FY26, contributing 83.43%, while the EPC business accounted for 16.44% and distribution transformers business contributed the remaining 0.13%. Of the FY26 revenue from operations, approximately 85.37% was generated from tenders awarded by government entities, comprising 46.92% from central government entities and 38.45% from state government entities. As of 31 March 2026, the company had an order book of Rs 1,818.32 crore, with the transformer manufacturing business accounting for 89.19% of the total order book and the EPC business contributing the remaining 10.81%. The firm reported a consolidated net profit of Rs 129.73 crore and sales of Rs 653.84 crore for the three months ended on 31 March 2026. First Published: Sep 10 2026 | 6:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 5:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 10.24 crore shares as against 54.43 lakh shares on offer. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 384 and 404 per share. An investor can bid for a minimum of 37 equity shares and multiples thereof. The offer comprises a fresh issue of equity shares of Rs 1 each, aggregating to Rs 150 crore. Of the net proceeds from the fresh issue, the company intends to use Rs 70 crore towards prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the company; Rs 42.50 crore towards payment of lease rental/license fee for its warehouses and experience stores; and the balance towards general corporate purposes. Rentomojo, founded by Geetansh Bamania, is a technology-driven, full-stack D2C online rental and subscription platform for furniture and appliances in India. The company offers flexible subscription plans for home essentials, eliminating large upfront purchases and providing delivery, installation, maintenance, relocation and refurbishment services. Rentomojo is the market leader in the organised home furniture and appliances rental market, excluding water purifiers, with an estimated 42%-47% share of subscription revenue in FY2025. As of March 2026, it had 253,825 live subscribers across 29 cities, 851,184 live products and 82 experience stores across 17 cities. The company operates an integrated asset-lifecycle model covering procurement, refurbishment, servicing, reverse logistics and redeployment, supporting recurring revenue and customer retention. Ahead of the IPO, Rentomojo on Tuesday, 8 August 2026, raised Rs 362.25 crore from anchor investors. The board allotted 1.06 crore shares at Rs 339 each to 36 anchor investors. The firm reported a consolidated net profit of Rs 253.46 crore and sales of Rs 1,326.75 crore for the twelve months ended on 31 March 2026. First Published: Sep 10 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 5:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Turtlemint Fintech Solutions announced the appointment of Monica Anshul Mishra as Chief Human Resources Officer (CHRO). The appointment reinforces Turtlemint's commitment to building a future-ready, people-first organisation as the company continues to scale its advisor network, strengthen its leadership capabilities and expand its digital platform. Monica brings over two decades of experience in human resources leadership across financial services, fintech, retail and startup ecosystems. She joins Turtlemint from Fibe (formerly EarlySalary), where she served as Chief Human Resources Officer, working on strengthening the organisation's culture, led transformation initiatives, focusing on leadership development and introduced HR best practices to improve employee experiences. Prior to Fibe, she worked at Yes Bank, Catwalk Worldwide, Reliance Retail and Nicholas Piramal India. First Published: Sep 10 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Navi UPI, today announced a partnership with IndusInd Bank to strengthen the technology infrastructure supporting its UPI operations. The partnership brings together IndusInd Bank's banking capabilities and Navi's technology know-how to help bolster and scale the foundation for Navi UPI as digital payments continue to grow. At the heart of the partnership is a new UPI payment switch, which helps process and route transactions between participants in the UPI ecosystem. The addition of the new switch will further diversify Navi UPI's technology stack, while enhancing its resilience and ability to scale as its payments business grows. The partnership was announced at the Global Fintech Fest 2026 in Mumbai, where the two organisations formally marked the milestone. First Published: Sep 10 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 10 September 2026 First Published: Sep 10 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The domestic equity benchmarks staged a late recovery on Thursday, snapping a three-session losing streak. Buying during the closing auction helped the Nifty and Sensex overcome losses seen during regular trading. The index opened at 23,446.60 and moved in a range of 23,380.10 to 23,494.95 during the regular session. Trading remained largely rangebound through the day, with the index oscillating around the 23,400 level before a sharp move higher during the closing session lifted the benchmark to 23,477.80. Banks shares gained while metal, pharma and auto shares declined. The recovery came despite a challenging global backdrop, with Brent crude remaining above $100 a barrel amid escalating tensions in the Middle East. Higher crude prices continued to raise concerns over inflation, corporate margins and India's external balance, while elevated US Treasury yields added to pressure on global risk assets. The S&P BSE Sensex advanced 138.36 points or 0.19% to 74,902.59. The Nifty 50 index rose 46.30 points or 0.20% to 23,477.80. In the past three consecutive sessions, the Sensex and Nifty declined 2.29% and 1.95%, respectively. Bharti Airtel (up 1.34%), HDFC Bank (up 0.98%) and State Bank of India (up 0.92%) In the broader market, the BSE 150 MidCap Index fell 0.40% and the BSE 250 SmallCap Index rose 0.01%. The market breadth was negative. On the BSE, 1,926 shares rose and 2,409 shares fell. A total of 210 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.71% to 11.72. Numbers to Track: In the commodities market, Brent crude for November 2026 settlement rose 63 cents or 0.62% to $101.84 a barrel. The yield on India's 10-year benchmark federal paper rose 0.33% to 6.978 compared with the previous session close of 6.955. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.4675 compared with its close of 95.0800 during the previous trading session. MCX Gold futures for 5 October 2026 settlement shed 0.33% to Rs 1,53,202. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.01% to 98.82. The United States 10-year bond yield advanced 0.43% to 4.858. Global Markets: The US Dow Jones index futures are currently up by 120 points, signaling a positive opening for US stocks today. Most European shares advanced while most Asian shares ended lower on Thursday, tracking overnight losses on Wall Street as a sharp rise in crude oil prices and higher US Treasury yields heightened concerns over inflation and interest rates. The escalation in the US-Iran conflict and growing risks to energy supplies kept investors cautious. Wall Street ended lower for the third consecutive session on Wednesday as Brent crude climbed above $100 a barrel for the first time since July. The Dow Jones Industrial Average declined 0.77% to 52,380.66, while the S&P 500 fell 0.48% to 7,636.36. The Nasdaq Composite closed 0.64% lower at 26,253.34. The renewed rise in oil prices followed an escalation in the US-Iran conflict, with attacks on oil tankers and shipping in the Middle East raising fears of prolonged disruption to crude supplies. The Strait of Hormuz remains a key concern for markets because the waterway historically handles roughly one-fifth of global oil and gas supplies. Higher oil prices have also complicated the outlook for global central banks. Markets are increasingly concerned that sustained energy inflation could delay interest-rate cuts or force policymakers to maintain a tighter stance for longer. Investors are therefore watching upcoming US inflation data closely, with the Producer Price Index due on Thursday and the Consumer Price Index on Friday. The data will be important for expectations around the Federal Reserve's policy decision on 15-16 September. Apple unveiled its first foldable iPhone, the iPhone Duo, along with the iPhone 18 Pro and Pro Max. The new Pro models start $100 higher than their predecessors. Apple shares fell 0.3% on Wednesday but gained 0.6% in after-hours trading. Stocks In Spotlight: Ather Energy rose 4.96% to Rs 1,658.30 after a foreign brokerage reiterated its 'Buy' rating on the electric two-wheeler maker and raised its target price to Rs 1,926 per share. IRB Infrastructure Developers rose 4.56% after the company reported a 25% year-on-year increase in gross toll revenue to Rs 807.40 crore in August 2026. Hindustan Zinc fell 1.95%. The company said that it has signed a six-year transportation contract with MFL India for the deployment of 30 electric trucks for concentrate transportation. Under the contract, extendable by a further two years, electric trucks will be progressively inducted to replace conventional diesel vehicles used for transporting zinc and lead concentrate from Rampura Agucha to the smelting operations in Rajasthan. Indoco Remedies surged 11.70% after the company's manufacturing facility at Plant I in Goa successfully completed an inspection by the UK Medicines and Healthcare products Regulatory Agency (MHRA). The UK MHRA's current Good Manufacturing Practices (cGMP) inspection concluded with no critical or major observations, indicating compliance with the regulator's applicable manufacturing standards. Parag Milk Foods rallied 4.26% after the company announced the launch of Avvatar Popped Chips, marking its entry into the protein snacking segment and expanding its nutrition-focused portfolio. Avvatar Popped Chips are available in Magic Masala and Pudina flavours. The non-fried chips contain 10 grams of protein per 30-gram pack and are priced at Rs 60. The products contain no added sugar, palm oil or preservatives. Systematic Industries rose 1.32% after the company secured an Rs 82.42 crore order from Power Grid Corporation of India (POWERGRID). The order is for the supply, execution and erection of optical ground wire (OPGW) under the OPGW-06 package. Dilip Buildcon (DBL) jumped 3.64% after the company said that it has received a letter of intent from the Petroleum and Natural Gas Regulatory Board (PNGRB) for the development of the Paradip, OdishaRaipur, Chhattisgarh LPG pipeline. Initial Public Offer (IPO): Veegaland Developers received bids for 65,48,614 shares as against 1,13,07,692 shares on offer, according to stock exchange data at 16:30 IST on 10 September 2026. The issue was subscribed 0.58 times. The issue opened for bidding on 10 September 2026 and will close on 15 September 2026. The price band of the IPO is fixed between Rs 130 and 140 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. Prasol Chemicals received bids for 1,78,61,602 shares as against 54,43,229 shares on offer, according to stock exchange data at 16:30 IST on 10 September 2026. The issue was subscribed 3.28 times. The issue opened for bidding on 8 September 2026 and will close on 10 September 2026. The price band of the IPO is fixed between Rs 643 and 676 per share. An investor can bid for a minimum of 22 equity shares and multiples thereof. Glass Wall Systems (India) received bids for 1,33,77,72,846 shares as against 1,64,57,298 shares on offer, according to stock exchange data at 16:30 IST on 10 September 2026. The issue was subscribed 81.29 times. The issue opened for bidding on 8 September 2026 and will close on 10 September 2026. The price band of the IPO is fixed between Rs 172 and 182 per share. An investor can bid for a minimum of 82 equity shares and multiples thereof. Kanohar Electricals received bids for 1,05,65,72,114 shares as against 1,16,93,326 shares on offer, according to stock exchange data at 16:30 IST on 10 September 2026. The issue was subscribed 90.36 times. The issue opened for bidding on 8 September 2026 and will close on 10 September 2026. The price band of the IPO is fixed between Rs 601 and 632 per share. An investor can bid for a minimum of 23 equity shares and multiples thereof. LCC Projects received bids for 7,45,03,758 shares as against 2,09,27,281 shares on offer, according to stock exchange data at 16:30 IST on 10 September 2026. The issue was subscribed 3.56 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 139 and 146 per share. An investor can bid for a minimum of 102 equity shares and multiples thereof. Karamtara Engineering received bids for 8,45,05,582 shares as against 2,54,14,937 shares on offer, according to stock exchange data at 16:30 IST on 10 September 2026. The issue was subscribed 3.33 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 241 and 254 per share. An investor can bid for a minimum of 59 equity shares and multiples thereof. Asset Reconstruction Company (India) received bids for 2,97,42,576 shares as against 3,69,12,363 shares on offer, according to stock exchange data at 16:30 IST on 10 September 2026. The issue was subscribed 0.81 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 132 and 139 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. Steamhouse India received bids for 7,34,49,810 shares as against 3,76,36,363 shares on offer, according to stock exchange data at 16:30 IST on 10 September 2026. The issue was subscribed 1.95 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 77 and 81 per share. An investor can bid for a minimum of 185 equity shares and multiples thereof. Manipal Payment and Identity Solutions received bids for 37,98,344 shares as against 1,30,60,472 shares on offer, according to stock exchange data at 16:30 IST on 10 September 2026. The issue was subscribed 0.29 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 322 and 339 per share. An investor can bid for a minimum of 44 equity shares and multiples thereof. Rentomojo received bids for 9,33,71,313 shares as against 2,17,72,311 shares on offer, according to stock exchange data at 16:30 IST on 10 September 2026. The issue was subscribed 4.29 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 384 and 404 per share. An investor can bid for a minimum of 37 equity shares and multiples thereof. First Published: Sep 10 2026 | 4:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 4:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 4:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In the cash market, the Nifty 50 index rose 46.30 points or 0.20% to 23,477.80. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.71% to 11.72. HDFC Bank, Vodafone Idea and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE. The September 2026 F&O contracts will expire on 29 September 2026. First Published: Sep 10 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Media, PSU bank and private bank shares advanced while metal, pharma and auto shares declined. As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 138.36 points or 0.19% to 74,902.59. The Nifty 50 index rose 46.30 points or 0.20% to 23,477.80. In the past three consecutive trading sessions, the Sensex and Nifty have declined 2.29% and 1.95%, respectively. In the broader market, the BSE 150 MidCap Index fell 0.40% and the BSE 250 SmallCap Index rose 0.01%. The market breadth was negative. On the BSE, 1,922 shares rose and 2,405 shares fell. A total of 218 shares were unchanged. In the commodities market, Brent crude for November 2026 settlement rose 91 cents or 0.90% to $102.12 a barrel. In the foreign exchange market, the rupee lowered against the dollar. The partially convertible rupee was hovering at 95.4675 compared with its close of 95.0800 during the previous trading session. Global Fintech Fest (GFF 2026): Sarvam AI co-founder Pratyush Kumar said that India can emerge as a global leader in artificial intelligence over the next decade, with the country now building the data, computing capacity, talent and investment needed to drive adoption as well as innovation. Further, RBI Deputy Governor Rohit Jain announced the launch of multicurrency foreign exchange services on Bharat Connect, enabling customers to access five additional currencies besides the US dollar for travel, education, business and international payment requirements. The service was launched at the Global Fintech Fest 2026 in Mumbai. Initial Public Offer (IPO): Veegaland Developers received bids for 47,89,855 shares as against 1,13,07,692 shares on offer, according to stock exchange data at 15:30 IST on 10 September 2026. The issue was subscribed 0.42 times. The issue opened for bidding on 10 September 2026 and will close on 15 September 2026. The price band of the IPO is fixed between Rs 130 and 140 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. Prasol Chemicals received bids for 1,69,28,494 shares as against 54,43,229 shares on offer, according to stock exchange data at 15:30 IST on 10 September 2026. The issue was subscribed 3.11 times. The issue opened for bidding on 8 September 2026 and will close on 10 September 2026. The price band of the IPO is fixed between Rs 643 and 676 per share. An investor can bid for a minimum of 22 equity shares and multiples thereof. Glass Wall Systems (India) received bids for 112,95,31,304 shares as against 1,64,57,298 shares on offer, according to stock exchange data at 15:30 IST on 10 September 2026. The issue was subscribed 68.63 times. The issue opened for bidding on 8 September 2026 and will close on 10 September 2026. The price band of the IPO is fixed between Rs 172 and 182 per share. An investor can bid for a minimum of 82 equity shares and multiples thereof. Kanohar Electricals received bids for 95,34,90,208 shares as against 1,16,93,326 shares on offer, according to stock exchange data at 15:30 IST on 10 September 2026. The issue was subscribed 81.54 times. The issue opened for bidding on 8 September 2026 and will close on 10 September 2026. The price band of the IPO is fixed between Rs 601 and 632 per share. An investor can bid for a minimum of 23 equity shares and multiples thereof. LCC Projects received bids for 6,55,42,140 shares as against 2,09,27,281 shares on offer, according to stock exchange data at 15:30 IST on 10 September 2026. The issue was subscribed 3.13 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 139 and 146 per share. An investor can bid for a minimum of 102 equity shares and multiples thereof. Karamtara Engineering received bids for 7,84,12,003 shares as against 2,54,14,937 shares on offer, according to stock exchange data at 15:30 IST on 10 September 2026. The issue was subscribed 3.09 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 241 and 254 per share. An investor can bid for a minimum of 59 equity shares and multiples thereof. Asset Reconstruction Company (India) received bids for 2,69,72,025 shares as against 3,69,12,363 shares on offer, according to stock exchange data at 15:30 IST on 10 September 2026. The issue was subscribed 0.73 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 132 and 139 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. Steamhouse India received bids for 5,30,05,090 shares as against 3,76,36,363 shares on offer, according to stock exchange data at 15:33 IST on 10 September 2026. The issue was subscribed 1.41 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 77 and 81 per share. An investor can bid for a minimum of 185 equity shares and multiples thereof. Manipal Payment and Identity Solutions received bids for 36,23,796 shares as against 1,30,60,472 shares on offer, according to stock exchange data at 15:33 IST on 10 September 2026. The issue was subscribed 0.28 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 322 and 339 per share. An investor can bid for a minimum of 44 equity shares and multiples thereof. Rentomojo received bids for 8,40,36,139 shares as against 2,17,72,311 shares on offer, according to stock exchange data at 15:33 IST on 10 September 2026. The issue was subscribed 3.86 times. The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 384 and 404 per share. An investor can bid for a minimum of 37 equity shares and multiples thereof. Buzzing Index: The Nifty Media index advanced 0.55% to 1534.80. The index declined 0.92% in the past trading session. PVR Inox (up 4.42%), Sun TV Network (up 1.44%), Tips Music (up 1.23%), Saregama India (up 1.15%) and Nazara Technologies (up 0.16%) surged. Stocks In Spotlight: Hindustan Zinc fell 2.01%. The company said that it has signed a six-year transportation contract with MFL India for the deployment of 30 electric trucks for concentrate transportation. Under the contract, extendable by a further two years, electric trucks will be progressively inducted to replace conventional diesel vehicles used for transporting zinc and lead concentrate from Rampura Agucha to the smelting operations in Rajasthan. Indoco Remedies surged 11.85% after the company's manufacturing facility at Plant I in Goa successfully completed an inspection by the UK Medicines and Healthcare products Regulatory Agency (MHRA). The UK MHRA's current Good Manufacturing Practices (cGMP) inspection concluded with no critical or major observations, indicating compliance with the regulator's applicable manufacturing standards. Parag Milk Foods rallied 4.89% after the company announced the launch of Avvatar Popped Chips, marking its entry into the protein snacking segment and expanding its nutrition-focused portfolio. Avvatar Popped Chips are available in Magic Masala and Pudina flavours. The non-fried chips contain 10 grams of protein per 30-gram pack and are priced at Rs 60. The products contain no added sugar, palm oil or preservatives. Systematic Industries rose 1.32% after the company secured an Rs 82.42 crore order from Power Grid Corporation of India (POWERGRID). The order is for the supply, execution and erection of optical ground wire (OPGW) under the OPGW-06 package. Dilip Buildcon (DBL) jumped 3.19% after the company said that it has received a letter of intent from the Petroleum and Natural Gas Regulatory Board (PNGRB) for the development of the Paradip, OdishaRaipur, Chhattisgarh LPG pipeline. Global Markets: The US Dow Jones index futures are currently up by 98 points, signaling a positive opening for US stocks today. European markets advanced while Asian shares mostly ended lower on Thursday, tracking overnight losses on Wall Street as a sharp rise in crude oil prices and higher US Treasury yields heightened concerns over inflation and interest rates. The escalation in the US-Iran conflict and growing risks to energy supplies kept investors cautious. Wall Street ended lower for the third consecutive session on Wednesday as Brent crude climbed above $100 a barrel for the first time since July. The Dow Jones Industrial Average declined 0.77% to 52,380.66, while the S&P 500 fell 0.48% to 7,636.36. The Nasdaq Composite closed 0.64% lower at 26,253.34. The renewed rise in oil prices followed an escalation in the US-Iran conflict, with attacks on oil tankers and shipping in the Middle East raising fears of prolonged disruption to crude supplies. The Strait of Hormuz remains a key concern for markets because the waterway historically handles roughly one-fifth of global oil and gas supplies. Higher oil prices have also complicated the outlook for global central banks. Markets are increasingly concerned that sustained energy inflation could delay interest-rate cuts or force policymakers to maintain a tighter stance for longer. Investors are therefore watching upcoming US inflation data closely, with the Producer Price Index due on Thursday and the Consumer Price Index on Friday. The data will be important for expectations around the Federal Reserve's policy decision on 15-16 September. US Treasury yields also moved higher. The benchmark 10-year Treasury yield rose to 4.860%. The 30-year yield increased to 5.308%. Apple unveiled its first foldable iPhone, the iPhone Duo, along with the iPhone 18 Pro and Pro Max. The new Pro models start $100 higher than their predecessors. Apple shares fell 0.3% on Wednesday but gained 0.6% in after-hours trading. First Published: Sep 10 2026 | 4:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 10 2026 | 3:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ASM Technologies share price hit a new high in Thursday's trade. First Published: Sep 10 2026 | 3:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, Ola Electric is widening its retail reach, and as part of this move, it has started rolling out dealer-operated outlets across the country. First Published: Sep 10 2026 | 3:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ASM Technologies share price hit a new high in Thursday's trade. First Published: Sep 10 2026 | 3:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indoco Remedies zooms 16% in trade after UKMHRA's Goa plant inspection First Published: Sep 10 2026 | 3:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rental Demand Surges 16% as India’s Housing Market Sees ?7.53 Lakh Crore Potential First Published: Sep 10 2026 | 3:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rental Demand Surges 16% as India’s Housing Market Sees ?7.53 Lakh Crore Potential First Published: Sep 10 2026 | 3:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
However, inflation and interest-rate concerns remained. The Bank of Japan is widely expected to raise interest rates next week, while board member Kazuyuki Masu indicated that the central bank will continue tightening policy as inflation moves closer to its 2% target. The yen also strengthened to its highest level in nearly seven months. While a stronger yen supports import costs, it could hurt earnings for Japans export-focused companies. Technology and banking stocks led the recovery. Kioxia Holdings gained 1.9%, Advantest rose 3.3%, Taiyo Yuden climbed 4.8%, while Mitsubishi UFJ and Sumitomo Mitsui advanced 1.7% and 1.5%, respectively. First Published: Sep 10 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices remained high as tensions between the US and Iran escalated. Iran indicated that the conflict could intensify, while US President Donald Trump said the war was unlikely to end before the November midterm elections. This raised concerns about possible supply disruptions through the Strait of Hormuz. Investors were also concerned about rising inflation in China, with consumer prices accelerating in August as food and energy costs increased. Higher oil prices could add further pressure on inflation if tensions continue. Technology, financial and auto stocks were among the major losers. Foxconn Industrial Internet fell 2.04%, Ping An Insurance declined 1.32%, Zhongji Innolight dropped 2.07%, and BYD slid 2.75%. First Published: Sep 10 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 14:30 IST, the barometer index, the S&P BSE Sensex declined 40.17 points or 0.06% to 74,728.45. The Nifty 50 index declined 16.15 points or 0.07% to 23,416.50. In the broader market, the BSE 150 MidCap Index fell 0.39% and the BSE 250 SmallCap Index added 0.06%. The market breadth was negative. On the BSE, 1,869 shares rose and 2,358 shares fell. A total of 230 shares were unchanged. Buzzing Index: The Nifty Auto index declined 0.45% to 27,527.90. The index fell 0.82% in two consecutive trading sessions. Bharat Forge (down 1.01%), Tube Investments of India (down 0.94%), Eicher Motors (down 0.89%), Bajaj Auto (down 0.85%), Mahindra & Mahindra (down 0.76%), Ashok Leyland (down 0.69%), Bosch (down 0.53%), TVS Motor Company (down 0.5%), Tata Motors Passenger Vehicles (down 0.4%) and Samvardhana Motherson International (down 0.21%) fell. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.17% to 6.967 compared with the previous session close of 6.955. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.4250 compared with its close of 95.0800 during the previous trading session. MCX Gold futures for the 5 October 2026 settlement shed 0.06% to Rs 1,53,677. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.01% to 98.78. The United States 10-year bond yield rose 0.54% to 4.863. In the commodities market, Brent crude for November 2026 settlement rose 92 cents or 0.91% to $102.13 a barrel. First Published: Sep 10 2026 | 2:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Inflows into mid-caps rose about 13% ?to ?6,989 crore, while small-cap inflows grew 2.6% from a higher base in July to ?7,973 crore. Indian investors poured a record amount into mutual funds through monthly savings plans in August, continuing to invest even as the market came under pressure, data from the Association of Mutual Funds in India showed on Thursday. Flows via systematic investment plans, the preferred route ?for retail investors, marked a 1.1% increase in contributions to ?32,297 crore ($3.39 billion) last month - an all-time high despite concerns that small investors would be spooked by months of volatility. Persistent SIP inflows show that retail investors are looking through near-term volatility and continuing to allocate to Indian equities for the long term, said Hiren Dasani, chief investment officer for emerging markets at WhiteOak Capital. Overall equity mutual fund inflows in India jumped 18.8% month-on-month to ?29,329 crore, with small- and mid-caps seeing record high monthly buying, the data showed. Inflows into mid-caps rose about 13% ?to ?6,989 crore, while small-cap inflows grew 2.6% from a higher base in July to ?7,973 crore. The record flows point to resilient domestic investor appetite despite heightened global volatility and weakness in Indian equities. "The market is eventually more about where the earnings growth is, and that is translating into better returns for individual companies," said Dasani, chief investment officer for emerging markets at WhiteOak Capital. Record high inflows in broader markets propelled the small-caps and mid-caps to all-time highs in August, even though the benchmarks Nifty 50 ?and Sensex declined 1.2% and 1.5%, respectively, on rising oil prices and higher odds of a near-term U.S. rate hike. "While global cues such as geopolitical tensions in the ?Middle East are very volatile, domestic cues are positive. If you see (domestic) growth data ??and the ?RBI's measures to support the rupee, the trend of positive inflows has continued," said Venkat Chalasani, CEO of AMFI. Equity funds have now registered net inflows for a ?record 66 consecutive months. In contrast to the broader market, large-caps saw outflows of ?1,147 crore for the second straight month. Among exchange-traded funds, inflows into gold ETFs jumped 67% ?month-on-month to ?2,597 crore in August. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 10 2026 | 2:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 2:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As on 01 September 2026, the total consolidated order book position of the company stood at Rs 937 crore, comprising of Rs 296 crore domestic orders and Rs 641 crore export orders. The company is awaiting purchase orders worth Rs 86 crore as on 01 September 2026. First Published: Sep 10 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indoco Remedies announced today that the UK Medicines and Healthcare Products Regulatory Agency (UKMHRA) inspected its solid dosages manufacturing facility in Goa (Plant I) from 07 September to 09 September 2026. The UK-MHRA current Good Manufacturing Practices (cGMP) inspection concluded with no critical or major observations. The facility which manufactures solid dosages and liquid dosages is approved by USFDA, (solid dosages, creams and capsules), TGA-Australia (solid dosages, liquid orals, creams and ointments) and by EU Malta, i.e., MMA - Malta Medicine Authority (solid dosages). The Plant also holds WHO-GMP approval and has successfully faced audit by SAHPRA (for solid dosages). First Published: Sep 10 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Finolex Cables share price hit a new 52-week high on Thursday, First Published: Sep 10 2026 | 2:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex rose amid positive global cues while parsing the outcome of the assembly elections First Published: Sep 10 2026 | 2:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Textile company Sonaselection India Ltd on Thursday fixed a price band of Rs94-99 per equity share for its upcoming Rs 141.6-crore initial public offering. The company's maiden public offer is scheduled to open on September 17and conclude on September 21.The bidding for anchor investors will take place on September 16. The Bhilwara-headquartered company's IPO will comprise a fresh issue of 1.43 crore equity shares worth Rs 141.57 crore at the higher end, with no offer for sale (OFS) component,according to a statement. Proceeds from the IPO will be used for debt payment, purchasing plant and machinery at the company's manufacturing facility and general corporate purposes. Founded in 2022, Sonaselection India is an integrated fabric manufacturing and processing company, with the core operations housed at its manufacturing facility atBhilwara in Rajasthan. Bhilwara is widely recognised as a major hub for textile processing and manufacturing, providing the company access to skilled labour, established supply chains and textile ecosystem advantages. In fiscal 2026, the company expanded its operations into the readymade garments segment through its wholly owned subsidiary, Sionnah Enterprises, thereby strengthening vertical integration between fabric manufacturing and downstream garment production. Choice Capital Advisors is the sole book-running lead manager for the public offering. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 10 2026 | 2:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indoco Remedies surged 14.08% to Rs 263.75 after the company's manufacturing facility at Plant I in Goa successfully completed an inspection by the UK Medicines and Healthcare products Regulatory Agency (MHRA). Indoco Remedies is a fully integrated, research-oriented pharmaceutical company with a strong global presence. It develops and manufactures a wide range of pharmaceutical products for the Indian and international markets. Top Indoco brands include Cyclopam, Febrex Plus, ATM, Rexidin M, Karvol Plus, Oxipod, Cital, Sensodent-K, Cital-Uti, Dropizin, Homide, Dentogel, Oxipod CV, Turbocort, Febrex, Cloben G, Tuspel LS, Noxa, MCBM 69, etc. The company reported a consolidated net profit of Rs 64.99 crore in Q1 FY27 as against a net loss of Rs 35.79 crore in Q1 FY26. Revenue from operations rose 8.43% year on year to Rs 466.22 crore in the first quarter of FY27 from Rs 430.86 crore in the corresponding quarter last year. First Published: Sep 10 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Bank is quoting at Rs 854.35, down 0.27% on the day as on 13:19 IST on the NSE. The stock jumped 22.78% in last one year as compared to a 6.28% slide in NIFTY and a 18.58% spurt in the Nifty PSU Bank index. Indian Bank dropped for a fifth straight session today. The stock is quoting at Rs 854.35, down 0.27% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.02% on the day, quoting at 23436.3. The Sensex is at 74782.96, up 0.03%.Indian Bank has eased around 2.43% in last one month.Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has eased around 2.88% in last one month and is currently quoting at 8369.2, up 0.26% on the day. The volume in the stock stood at 8.46 lakh shares today, compared to the daily average of 10.13 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 858.8, down 0.27% on the day. Indian Bank jumped 22.78% in last one year as compared to a 6.28% slide in NIFTY and a 18.58% spurt in the Nifty PSU Bank index. The PE of the stock is 9.25 based on TTM earnings ending June 26. First Published: Sep 10 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharat Petroleum Corporation Ltd is quoting at Rs 303.1, down 0.15% on the day as on 13:19 IST on the NSE. The stock tumbled 5.28% in last one year as compared to a 6.28% slide in NIFTY and a 9.82% spurt in the Nifty Energy index. Bharat Petroleum Corporation Ltd fell for a fifth straight session today. The stock is quoting at Rs 303.1, down 0.15% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.02% on the day, quoting at 23436.3. The Sensex is at 74782.96, up 0.03%.Bharat Petroleum Corporation Ltd has eased around 4.63% in last one month.Meanwhile, Nifty Energy index of which Bharat Petroleum Corporation Ltd is a constituent, has eased around 1.19% in last one month and is currently quoting at 38333.65, down 0.22% on the day. The volume in the stock stood at 17.41 lakh shares today, compared to the daily average of 50.51 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 304.15, down 0.13% on the day. Bharat Petroleum Corporation Ltd tumbled 5.28% in last one year as compared to a 6.28% slide in NIFTY and a 9.82% spurt in the Nifty Energy index. The PE of the stock is 8.71 based on TTM earnings ending June 26. First Published: Sep 10 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The ecological restoration of the limestone mine in Pandalgudi, in the Virudhunagar District of Tamil Nadu, carried out by Ramco Cements, has received international recognition. It has been awarded the Advanced Certification by The Global Biodiversity Standard (TGBS) the first site to be recognised at in Peninsular India. It now stands alongside other certified restoration sites of the world, such as the Jane Goodall Institute and Ecosia's work in Uganda and the restoration project of Kadoorie Farm and Botanic Garden in Hong Kong. TGBS is recognized by the International Union for Conservation of Nature (IUCN) and the Convention on Biological Diversity (CBD), and is supported by over 250 scientists and academics around the world as a rigorous and adept certification for indicating a project's contribution to the protection and recovery of biodiversity. The certification also ensures that the work is positively contributing to the local communities of the area. The project area covers over 500 acres of worked-out mines, within which a 234-acre site has been assessed and certified. Work was initiated in 2018 with the technical support of Auroville Botanical Gardens, the first plantations started at the end of 2019, work is ongoing and is expected to be completed by 2027. So far over 430,000 native trees and shrubs, from 150 species of ecological significance to the area, have been planted at the site. Since the inception of the project, over 72 species of birds and 53 species of butterflies have been recorded on the site which was once a barren mine with no significant biodiversity present. It is also estimated that the site has captured around 10,000 tonnes of carbon dioxide over the past seven years. The area was officially opened in 2022 by the Chief Minister of the State and has since received over 13,000 visitors as part of organised educational experiences for local schools and colleges, as well as state and national-level training institutions. It has also provided the inspiration and support for the development of the Rajapalayam Masterplan and the subsequent declaration of Rajapalayam as one of four towns in Tamil Nadu on a fast track to carbon neutrality by 2041. First Published: Sep 10 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Among equity categories, smallcap funds attracted the highest net inflows of ?7,973 crore in August, followed by midcap funds at ?6,989 crore Equity mutual fund schemes attracted ?29,329 crore in August, marking the highest net inflow in four months, driven by strong investors interest in mid-cap and small-cap funds. This was nearly 19 per cent higher than ?24,697 crore inflow registered in July, according to data released by the Association of Mutual Funds in India (Amfi) on Thursday. The overall mutual fund industry saw a decline in net inflow to ?41,353 crore in August compared to a staggering ?2.36 trillion in July. This was primarily driven by debt-oriented schemes, which experienced an outflow of ?8,127 crore as compared to an inflow of ?1.88 trillion in July. Despite this, the industry's assets under management rose to ?87.07 trillion at the end of August from ?85.75 trillion at the end of July. Going by the data, equity-oriented schemes witnessed a net inflow of ?29,328.62 crore in August. This was the highest inflow since April, when such schemes attracted ?38,440 crore. The net inflow stood at ?28,973 crore in June and ?22,908 crore in May. Among equity categories, smallcap funds attracted the highest net inflows of ?7,973 crore in August, followed by midcap funds at ?6,989 crore. However, large-cap funds witnessed net outflows of ?1,147 crore in August, the data showed. Gold ETFs also continued to attract money in August, recording net inflows of Rs2,597 crore. This was sharply higher than the Rs1,559 crore inflow registered in July. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 10 2026 | 1:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Zinc said that it has signed a six-year transportation contract with MFL India for the deployment of 30 electric trucks for concentrate transportation, accelerating the electrification of its mine-to-smelter logistics network. MFL India is a logistics solutions provider focused on enabling reliable, efficient, and sustainable movement of materials across critical industries. Under the contract, extendable by a further two years, electric trucks will be progressively inducted to replace conventional diesel vehicles used for transporting zinc and lead concentrate from Rampura Agucha, the worlds largest underground zinc mining operations to its smelting operations in Rajasthan. MFL will also establish and operate dedicated EV charging infrastructure to support the fleet, creating the ecosystem required for reliable electric mobility across a critical industrial logistics route. Amarendu Prakash, CEO & whole-time director, Hindustan Zinc, said: "The future of mining will be defined not only by the metals we produce, but by how responsibly and efficiently we produce and move them. The contract for deployment of EV trucks for concentrate transportation is yet another step towards that future, demonstrating how industrial decarbonisation can strengthen competitiveness while creating an ecosystem in which our partners and communities grow with us." Hindustan Zinc, a Vedanta Group company, is the worlds largest integrated zinc producer and is amongst the top ten silver producers globally. The company had reported a consolidated net profit of Rs 5,469 crore in Q1 FY27, which is higher by 145% as compared with the PAT figure of Rs 2,234 crore recorded in Q1 FY26. Revenue from operations stood at Rs 13,747 crore during the quarter, up 77% YoY. The scrip shed 0.73% to currently trade at Rs 601.55 on the BSE. First Published: Sep 10 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tips Music Ltd is quoting at Rs 671.35, up 3.16% on the day as on 12:49 IST on the NSE. The stock is up 11.65% in last one year as compared to a 6.19% slide in NIFTY and a 5.11% slide in the Nifty Media index. Tips Music Ltd is up for a third straight session today. The stock is quoting at Rs 671.35, up 3.16% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.11% on the day, quoting at 23456.55. The Sensex is at 74858.57, up 0.13%. Tips Music Ltd has gained around 0.34% in last one month. Meanwhile, Nifty Media index of which Tips Music Ltd is a constituent, has gained around 0.55% in last one month and is currently quoting at 1526.45, up 1.17% on the day. The volume in the stock stood at 3.8 lakh shares today, compared to the daily average of 1.84 lakh shares in last one month. The PE of the stock is 38.73 based on TTM earnings ending June 26. First Published: Sep 10 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Thermax Ltd is quoting at Rs 3692, up 1.47% on the day as on 12:49 IST on the NSE. The stock is up 10.45% in last one year as compared to a 6.19% gain in NIFTY and a 9.98% gain in the Nifty Energy index. Thermax Ltd rose for a third straight session today. The stock is quoting at Rs 3692, up 1.47% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.11% on the day, quoting at 23456.55. The Sensex is at 74858.57, up 0.13%. Thermax Ltd has dropped around 8.29% in last one month. Meanwhile, Nifty Energy index of which Thermax Ltd is a constituent, has dropped around 1.05% in last one month and is currently quoting at 38333.65, down 0.08% on the day. The volume in the stock stood at 68207 shares today, compared to the daily average of 1.39 lakh shares in last one month. The PE of the stock is 83.72 based on TTM earnings ending June 26. First Published: Sep 10 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 1:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Crude oil at $100 but why are OMCs not on a slippery slope? Decoded First Published: Sep 10 2026 | 1:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Media shares advanced after declining in the past trading session. At 12:25 IST, the barometer index, the S&P BSE Sensex advanced 93.70 points or 0.13% to 74,866.50. The Nifty 50 index rose 30.85 points or 0.13% to 23,461.25. In the broader market, the BSE 150 MidCap Index shed 0.20% and the BSE 250 SmallCap Index added 0.18%. The market breadth was negative. On the BSE, 1,962 shares rose and 2,172 shares fell. A total of 269 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.67% to 11.72. The Nifty 29 September 2026 futures were trading at 23,565.90 at a premium of 104.65 points as compared with the spot at 23,461.25. The Nifty option chain for the 29 September 2026 expiry showed a maximum call OI of 82.5 lakh contracts at the 24,000 strike price. A maximum put OI of 65.6 lakh contracts was seen at the 24,000 strike price. Buzzing Index: The Nifty Media index advanced 1.26% to 1,545.70. The index tumbled 3.89% in the four consecutive trading sessions. Saregama India (up 2.8%), PVR Inox (up 2.69%), Tips Music (up 2.52%), Sun TV Network (up 1.86%), Nazara Technologies (up 1.1%), D B Corp (up 0.81%), Network 18 Media & Investments (up 0.11%) advanced. Stock in Spotlight: Kolte Patil Developers rose 2.78% after the real estate developer announced that its latest residential project in Pune generated sales of over Rs 600 crore within 60 hours of launch. First Published: Sep 10 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lionel Messi Lionel Messi is set to become the majority shareholder of Spanish second-division club Eldense. Eldense, based near the port city of Alicante in south-east Spain, confirmed to The Associated Press on Wednesday that the eight-time Ballon d'Or winner had reached a preliminary agreement with the club's owners. The deal will see him buy the shares held by Grupo TH Soluciones, subject to the completion of the remaining legal and contractual procedures. The club did not provide financial details and did not say when the deal would be completed. Eldense will become the second Spanish club the Argentina star has invested in. Earlier this year, he became the owner of a fifth-division side, Barcelona-based UE Cornella. Eldense fired coach Claudio Barragan on Sunday after claiming just two points from four league matches this season. Messi has built a strong bond with Spain. He arrived at Barcelona at age 13, when he and his family came to the country to try his luck at the club's youth academy. He was the best player of his generation during two decades at Barcelona, where he won multiple titles before leaving in 2021. Eldense has historical ties with Barcelona. It was founded by a group of supporters of the Catalan club in September 1921, hence its blue and red colors. The 39-year-old Messi was named this week on the shortlist for another Ballon d'Or award after guiding Argentina to a runner-up finish at the World Cup and winning the MLS Cup with Inter Miami. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 10 2026 | 12:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Goyal said India would like to bring the lessons learnt from its experience in addressing the challenges faced by entrepreneurs, particularly women entrepreneurs, to the BRICS Women's Business Alliance and the larger BRICS business engagement. He said India has focused on empowering women financially, socially and through education, skills and improved quality of life, with the objective of making women the drivers of the country's growth. First Published: Sep 10 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Systematic Industries rose 3.13% to Rs 285 after the company secured an Rs 82.42 crore order from Power Grid Corporation of India (POWERGRID). The order was awarded through a domestic competitive bidding process and covers various transmission lines across India. POWERGRID issued the Notifications of Award on 24 August 2026, which were signed on 9 September 2026. Under the contract, Systematic Industries will supply and install OPGW across transmission lines at pan-India locations. OPGW is a specialised cable that combines power transmission line protection with optical fibre-based communication and data transmission. The company said the order strengthens its OPGW business and expands its capabilities beyond its traditional wire business into infrastructure solutions. Managing director Siddharth Agarwal said the company expects OPGW to be an important area for future growth as it focuses on power transmission and digital connectivity. Founded in 2000, Systematic Industries manufactures steel wires and specialised wire solutions for the power and transmission, infrastructure, automobile, agriculture and telecommunications sectors. Its product portfolio includes steel wires, aluminium-clad steel wires, optical fibre cables and OPGW. On a standalone basis, the company's net profit rose 4.17% to Rs 11.73 crore on 6.03% increase in net sales to Rs 298.83 crore in H2FY26 over H2FY25. First Published: Sep 10 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ratnamani Metals and Tubes said that Crisil Ratings has upgraded its rating on the long-term bank facilities of the company to 'Crisil AA+/Stable' from 'Crisil AA/Positive'. The agency has reaffirmed its 'Crisil A1+' rating on the short-term bank facilities. Crisil Ratings stated that the upgrade reflects the strengthening of the company's business risk profile, driven by increasing revenue diversification through the faster-than-expected scale-up of subsidiaries, a robust growth in order book providing healthy growth visibility, its sustained market leadership in the niche stainless steel tubes and pipes (SSTP) segment, and strong operating efficiency. The upgrade is further supported by the company's strong financial risk profile, characterised by conservative leverage, a net cash position, strong liquidity and healthy cash accrual generation. Going forward, revenue is expected to grow at a healthy rate of 1215%, supported by its record-high order book of over Rs 4,900 crore as on 31 August 2026, strong execution capabilities, stabilisation and ramp-up of the Odisha facility, recovery in export business, and continued scale-up of subsidiary operations. Notably, more than 50% of the order book comprises high-value pipe spooling orders for nuclear power projects, which typically generate operating margins in excess of 30%, underscoring the improving quality of the revenue mix. The increasing contribution from these value-added, high-margin businesses, along with improving operating leverage at subsidiaries, is expected to further strengthen the consolidated profitability profile. The operating margin should sustain at a healthy 1718% over the medium term, supporting strong cash accrual generation and financial flexibility. The ratings continue to reflect Ratnamani's strong business risk profile, supported by its market leadership in the SSTP segment, diversified revenue streams, and healthy financial risk profile, as reflected in low gearing and comfortable debt protection metrics. These strengths are partially offset by the company's large working capital requirement and susceptibility to slowdowns in end-user industries. Ratnamani manufactures a wide range of welded and seamless stainless steel tubes and pipes (SSTP) (installed capacity of 61,500 TPA) and carbon steel pipes (5,10,000 TPA) of LSAW, HSAW, circumferential seam submerged arc welded and ERW pipes. The scrip fell 1.02% to currently trade at Rs 2833.30 on the BSE. First Published: Sep 10 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Graviss Hospitality Ltd, Molbio Diagnostics Ltd, Digjam Ltd and Ladderup Finance Ltd are among the other gainers in the BSE's 'B' group today, 10 September 2026. Graviss Hospitality Ltd, Molbio Diagnostics Ltd, Digjam Ltd and Ladderup Finance Ltd are among the other gainers in the BSE's 'B' group today, 10 September 2026. Saraswati Saree Depot Ltd spiked 20.00% to Rs 67.2 at 10-Sep-2026 EOD IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 16821 shares were traded on the counter so far as against the average daily volumes of 9245 shares in the past one month. Graviss Hospitality Ltd surged 20.00% to Rs 34.98. The stock was the second biggest gainer in 'B' group. On the BSE, 16715 shares were traded on the counter so far as against the average daily volumes of 10909 shares in the past one month. Molbio Diagnostics Ltd soared 20.00% to Rs 1509.7. The stock was the third biggest gainer in 'B' group. On the BSE, 10.23 lakh shares were traded on the counter so far as against the average daily volumes of 3.25 lakh shares in the past one month. Digjam Ltd gained 19.98% to Rs 61.78. The stock was the fourth biggest gainer in 'B' group. On the BSE, 41662 shares were traded on the counter so far as against the average daily volumes of 1355 shares in the past one month. Ladderup Finance Ltd added 19.98% to Rs 65.63. The stock was the fifth biggest gainer in 'B' group. On the BSE, 24404 shares were traded on the counter so far as against the average daily volumes of 770 shares in the past one month. First Published: Sep 10 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Veegaland Developers IPO: Analysts split on realty developer; here's why First Published: Sep 10 2026 | 12:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ESDS Software Solution’s up 264% versus IPO price in just four trading sessions. (Illustration: Binay Sinha) First Published: Sep 10 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The plant will complement the startup's existing facility near Bengaluru, which can produce up to 50,000 units annually Indian electric motorcycle maker Ultraviolette Automotive plans to invest ?779 crore ($81.93 million) in a new plant in the southern part of the country to expand manufacturing capacity and support its entry into the mass-market segment. Concerns over the compatibility of older petrol vehicles with E20 fuel are ?helping drive demand for electric two-wheelers in India, where their sales, according to government data, topped 1.03 million units in the first eight months of 2026. The facility in Hosur, Tamil Nadu will begin with an annual capacity of 250,000 vehicles and can be expanded to 500,000 units as demand rises, founders of the company, backed by Qualcomm and TVS Motor, told Reuters. The plant will complement the startup's existing facility near Bengaluru, which can produce up to 50,000 units annually. Consulting firm McKinsey estimates electric two-wheeler adoption to reach 40 per cent to 45 per cent by fiscal year 2030. Their share of overall two-wheeler sales crossed ?10 per cent for the first time in August 2026. "The demand we have for our products, including what is coming up next with the Tesseract and the Shockwave, is far more than the current facility can cater to," Ultraviolette co-founder and CEO Narayan Subramaniam told Reuters. Known for premium electric motorcycles such as the F77 and X47, Ultraviolette plans to launch its Shockwave motorcycle for under ?2,00,000 and the Tesseract scooter for below ?1,50,000. The company expects underlying domestic demand for its scooters of at least 10,000 units a month, Subramaniam said, a level that could ?put it in contention with larger electric two-wheeler makers, including Ola Electric and Ather Energy. The investment, to be made over the next five years, will be funded through internal reserves, ?equity and future cash flows, with limited use of debt, CTO Niraj Rajmohan said. Hosur was selected partly ?for its proximity to Ultraviolette's Bengaluru research and development centre and its access to an automotive supply chain, Rajmohan said. Ultraviolette sold more than 3,000 electric motorcycles globally in the first ?half of the year, compared with about 1,756 units for Zero Motorcycles and about 300 for Harley-Davidson's LiveWire, it said. Exports to Europe and Latin America, according to Subramaniam, account for about ?15 per cent of sales and could rise to 25 per cent within five years. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 10 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kolte Patil Developers rose 2.78% to Rs 455.10 after the real estate developer announced that its latest residential project in Pune generated sales of over Rs 600 crore within 60 hours of launch. Spread across 20 acres, The Reserve has a total potential saleable area of about 5 million square feet and an expected gross development value (GDV) of Rs 4,000 crore. The project will be developed and launched in multiple phases. The first phase, Vyana at The Reserve, offers 2- and 3-bedroom residences along with amenities covering outdoor recreation, wellness, leisure and sports. The company said the launch adds to its recent business development momentum, following the addition of six projects in the Mumbai Metropolitan Region with an aggregate GDV of Rs 6,000 crore. Kolte Patil Developers said the launch performance reflects customer demand in Pune and supports its strategy of expanding into new micro-markets. Kolte Patil Developers, incorporated in 1991, is a real estate developer with operations across Mumbai, Pune and Bengaluru. In FY26, Blackstone acquired a 40% stake in the company through a two-phase transaction involving a preferential equity allotment and a secondary share acquisition from existing promoters. The company has developed over 68 projects covering more than 33 million square feet across residential, commercial, township and IT Park segments, and markets projects under the Kolte-Patil and 24K brands. It entered the Mumbai Metropolitan Region in 2013, focusing on society redevelopment projects, and has signed 19 projects in the city. On a consolidated basis, the company's adjusted net profit stood at Rs 146.26 crore in Q1 FY27, compared with an adjusted net loss of Rs 16.99 crore in Q1 FY26 and Rs 15.98 crore in Q4 FY26. Net sales rose 1,016.5% YoY and 269.9% QoQ to Rs 919.54 crore during the quarter. First Published: Sep 10 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Apar Industries said that CARE Ratings has upgraded the company's long-term rating to 'CARE AA' from 'CARE AA-' with 'stable' outlook. The agency has affirmed the company's short-term rating at 'CARE A1+'. CARE Ratings stated that the rating upgrade factors in APARs strengthening of business profile, reflected in sustained growth in scale of operations and improving profitability across its conductors, cables and speciality oils businesses. The company reported healthy growth in operating income, which increased by 23.2% to Rs 22,902 crore in FY26 and by 29.1% year-on-year to Rs 6,591 crore in Q1 FY27. Profit before interest, lease rentals, depreciation and taxation (PBILDT) increased by 21.1% to Rs 1,922 crore in FY26, while operating margins improved to 11.50% in Q1 FY27 from 8.86% in Q1FY26, supported by increasing contribution from premium products and healthy performance across business segments. APARs established market position, diversified product portfolio and healthy order book, comprising conductor orders of Rs 10,190 crore and cable orders of Rs 1,925 crore as on 30 June 2026, provide strong revenue visibility in the medium term. Ratings continue to derive strength from APARs leadership position in conductors and speciality oils, diversified product and geographical presence, promoters extensive industry experience, strong liquidity position and comfortable debt protection metrics. These rating strengths are tempered by APARs working-capital-intensive operations and historically high reliance on LC acceptances, although deployment of the QIP proceeds is expected to partly reduce such dependence. Ratings also remain constrained by the sizeable capex programme and exposure to volatility in raw-material prices, foreign-exchange rates and freight costs, apart from competition, export tariffs and project-execution risks. The ability to maintain working-capital discipline and healthy leverage while executing capex programme remains a key rating monitorable. APAR operates in three principal business segments: transformer and speciality oils, conductors, and power and telecom cables. The company has a leading market position in India and a global presence, with exports to over 140 countries. As on 31 March 2026, APAR had installed capacities of 9,34,600 KL for transformer and speciality oils, 5,55,262 MT for conductors and 9,50,656 km for cables. The company's consolidated net profit surged 77.80% to Rs 467.45 crore on a 29.16% increase in revenue to Rs 6,566.62 crore in Q1 FY27 as compared with Q1 FY26. The scrip shed 0.50% to currently trade at Rs 17354.20 on the BSE. First Published: Sep 10 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 11:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US stocks fell on Wednesday as a sharp jump in Brent crude oil prices added to investor concerns, with oil crossing the market-sensitive $100-a-barrel threshold for the first time since July as tensions in the Middle East intensified. The Dow Jones Industrial Average dipped 405.41 points, or 0.77%, to finish at 52,380.66. The S&P 500 declined 0.48% to 7,636.36, while the Nasdaq Composite lost 0.64% to close at 26,253.34. US Treasury yields rose after the Treasury Department said it would triple its buyback of longer-dated government debt to $6 billion. The yield on the benchmark 10-year Treasury note climbed to 4.87%, its highest since November 2023. First Published: Sep 10 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Parag Milk Foods rallied 4.77% to Rs 265.55 after the company announced the launch of Avvatar Popped Chips, marking its entry into the protein snacking segment and expanding its nutrition-focused portfolio. Avvatar Popped Chips are available in Magic Masala and Pudina flavours. The non-fried chips contain 10 grams of protein per 30-gram pack and are priced at Rs 60. The products contain no added sugar, palm oil or preservatives. The products are available through the Avvatar website, quick-commerce platforms, vending machines, general trade and modern trade outlets. Akshali Shah, executive director, Parag Milk Foods, said, "This launch marks an important step in Parag Milk Foods evolution from a dairy-led company to a broader nutrition-led food business. We see a signicant opportunity to take our expertise in dairy and protein and build it into categories that are increasingly relevant to the way consumers eat today. With Avvatar, we are extending protein beyond traditional nutrition formats and into everyday consumption occasions, including snacking. Our ambition is to build a holistic protein ecosystem that brings together nutrition, convenience and accessibility across formats and lifestyles. Entering snacking is therefore not simply an extension of our portfolio; it is a strategic step towards creating a larger, more contemporary food and nutrition business with protein at its core." Parag Milk Foods is the private dairy FMCG company with a pan-India presence. The company offers traditional products like ghee, dahi, paneer, liquid milk, etc. under brand "Gowardhan, and products like cheese, UHT milk, buttermilk, lassi, flavoured milk shakes, etc. under the brand name "Go. "Pride of Cows, the flagship brand of the company based on proposition of farm to home single origin concept targeting customers seeking premium quality dairy products. The company is also present in Whey Protein based sports nutrition under the brand "Avvatar". The company has reported 20% fall in consolidated net profit to Rs 22 crore despite a 11% increase in revenue to Rs 945 crore in Q1 FY27 as compared with Q1 FY26. First Published: Sep 10 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Computer Age Management Services Ltd recorded volume of 75.85 lakh shares by 10:45 IST on BSE, a 26.4 times surge over two-week average daily volume of 2.87 lakh shares Tata Investment Corporation Ltd, KPIT Technologies Ltd, United Spirits Ltd, Gujarat Mineral Development Corporation Ltd are among the other stocks to see a surge in volumes on BSE today, 10 September 2026. Computer Age Management Services Ltd recorded volume of 75.85 lakh shares by 10:45 IST on BSE, a 26.4 times surge over two-week average daily volume of 2.87 lakh shares. The stock gained 0.41% to Rs.718.70. Volumes stood at 84778 shares in the last session. Tata Investment Corporation Ltd recorded volume of 2.42 lakh shares by 10:45 IST on BSE, a 12.11 times surge over two-week average daily volume of 19983 shares. The stock gained 3.99% to Rs.643.00. Volumes stood at 12661 shares in the last session. KPIT Technologies Ltd notched up volume of 7.34 lakh shares by 10:45 IST on BSE, a 5.21 fold spurt over two-week average daily volume of 1.41 lakh shares. The stock slipped 0.00% to Rs.552.30. Volumes stood at 67778 shares in the last session. United Spirits Ltd saw volume of 1.03 lakh shares by 10:45 IST on BSE, a 4.65 fold spurt over two-week average daily volume of 22122 shares. The stock increased 0.67% to Rs.1,413.70. Volumes stood at 94317 shares in the last session. Gujarat Mineral Development Corporation Ltd witnessed volume of 2.83 lakh shares by 10:45 IST on BSE, a 4.31 times surge over two-week average daily volume of 65602 shares. The stock increased 2.45% to Rs.588.75. Volumes stood at 1.75 lakh shares in the last session. First Published: Sep 10 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 10 2026 | 11:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The term First Published: Sep 10 2026 | 11:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 10:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 10:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 10:30 IST, the barometer index, the S&P BSE Sensex, declined 11.62 points or 0.02% to 74,752.61. The Nifty 50 index lost 9.40 points or 0.04% to 23,422.55. In the broader market, the BSE 150 MidCap Index fell 0.33% and the BSE 250 SmallCap Index shed 0.08%. The market breadth was negative. On the BSE, 1,853 shares rose and 1,877 shares fell. A total of 225 shares were unchanged. Buzzing Index: The Nifty Pharma index fell 0.49% to 26,561.85. The index tanked 0.92% in the two consecutive trading sessions. Sai Life Sciences (down 2.05%), Aurobindo Pharma (down 1.94%), Gland Pharma (down 1%), Lupin (down 0.94%), Ajanta Pharma (down 0.88%), Biocon (down 0.81%), Dr Reddys Laboratories (down 0.59%), Sun Pharmaceutical Industries (down 0.57%), Piramal Pharma (down 0.42%) and Wockhardt (down 0.39%) fell. Stocks in Spotlight: IRB Infrastructure Developers rose 2.83% after the company reported a 25% year-on-year increase in gross toll revenue to Rs 807.40 crore in August 2026. First Published: Sep 10 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dilip Buildcon (DBL) jumped 5.54% to Rs 414.20 after the company said that it has received a letter of intent from the Petroleum and Natural Gas Regulatory Board (PNGRB) for the development of the Paradip, Odisha-Raipur, Chhattisgarh LPG pipeline. The total value of this contract is Rs 1,800 crore. The project will be implemented through a 100%-owned special purpose vehicle (SPV), with DBL undertaking the design, financing, development, construction, operation and maintenance of the pipeline. The construction is scheduled over 36 months, followed by a 25-year operating period. The pipeline will operate as a common carrier, with DBL earning transportation revenue through the applicable PNGRB tariff framework, while remaining outside LPG procurement, trading, distribution and marketing. Dilip Buildcon (DBL) is a diversified infrastructure company with over three decades of execution experience in large-scale infrastructure development projects across India. The company has a presence in 20 states and one Union Territory, supported by a workforce of 20,581 employees and a fleet of more than 10,275 equipment units. The company's consolidated net profit declined 50.67% to Rs 112.95 crore on a 9.26% fall in revenue to Rs 2,377.78 crore in Q1 FY27 as compared with Q1 FY26. First Published: Sep 10 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold ETF, Gold market, gold First Published: Sep 10 2026 | 10:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ather Energy rose 3.96% to Rs 1,642.50 after a foreign brokerage reiterated its 'Buy' rating on the electric two-wheeler maker and raised its target price to Rs 1,926 per share. The brokerage said the launch of Ather's mass-market Konarc scooter, coupled with faster electric vehicle adoption, has strengthened the company's growth outlook. It raised its revenue growth estimates to 54% for FY27, 100% for FY28 and 31% for FY29. The brokerage expects Ather Energy to sustain a premium valuation of 5-7 times enterprise value to sales (EV/sales), supported by the company's growth prospects. Ather unveiled the Konarc at its annual Community Day on 29 August 2026. Priced from Rs 99,999, the electric scooter marks the company's entry into the mass-market segment as it seeks to expand beyond the premium end of India's electric two-wheeler market. According to reports, production of the Konarc is expected to begin at Ather's Hosur facility, with deliveries scheduled to start in September 2026. Investor interest in Ather has also been supported by Hero MotoCorp's increased exposure to the electric two-wheeler maker. Hero MotoCorp recently acquired 1.18 crore Ather Energy shares for Rs 1,758 crore from the Government of Singapore, taking its stake in Ather to around 32.8% from 29.88% earlier. Ather Energy, founded in 2013, designs and manufactures electric scooters. Its portfolio includes the performance-focused Ather 450 series and the family-oriented Rizta. The company also operates the Ather Grid fast-charging network and has a strong focus on R&D and innovation. As of 30 June 2026, Ather held 323 registered trademarks, 270 registered designs and 52 registered patents globally. On a consolidated basis, Ather's net loss narrowed to Rs 51.09 crore in Q1 FY27 from Rs 178.23 crore in Q1 FY26 and Rs 100.23 crore in Q4 FY26. Revenue from operations surged 88.8% YoY and 3.6% QoQ to Rs 1,216.92 crore in the quarter ended 30 June 2026. Adjusted gross margin stood at Rs 282 crore, up 82.3% YoY, although the adjusted gross margin percentage moderated to 22% from 23% a year ago. The company reported positive EBITDA of Rs 9.45 crore in Q1 FY27 against an EBITDA loss of Rs 105.97 crore in Q1 FY26. EBITDA margin improved to 1% from a negative 16% last year. First Published: Sep 10 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee extends downside in opening trades on Thursday as Brent crude price crossed the USD 100 dollar mark sharply increasing concerns over India's import bill. Elevated crude oil prices and persistent dollar demand also weighed on investor sentiments. INR opened at Rs 95.15 per dollar and hit a low of 95.33 so far during the day. Local shares are also seen following global peers lower on Thursday as the Middle East conflict showed no signs of easing. There has been as escalating in fighting between Saudi Arabia and the Houthis in Yemen, fueling concerns about further disruptions to energy supplies. The BSE SENSEX is trading at 74,716.42 (down 0.06% from its previous close), while the NIFTY 50 stands at 23,415.75 (down 0.07%). First Published: Sep 10 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ONGC, Oil India up 3% as Brent crude trades above $100-mark. First Published: Sep 10 2026 | 10:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Policy should provide room for innovation to grow while ensuring that accountability and resilience grow alongside it, RBI Deputy Governor Rohit Jain said on Wednesday. The objective of policy, therefore, is to create the conditions in which useful innovation can develop responsibly, he said here at the Global Fintech Fest 2026. "This requires clear guardrails where the risks are understood, room for experimentation where they are still emerging, and the ability to adapt the framework as technology and its uses evolve. Good policy should give innovation room to grow, while ensuring that accountability and resilience grow with it," he said. Every technological wave expanded the range of what human beings could do. The opportunity before us is to ensure that this wave expands not only what finance can do, but also what finance can do better for those it serves. If we can achieve that, emerging technology will have served not merely innovation, but the larger purpose of finance itself, he further noted. First Published: Sep 10 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IRB Infrastructure Developers rose 3.83% to Rs 19.80 after the company reported a 25% year-on-year increase in gross toll revenue to Rs 807.40 crore in August 2026. The Mumbai-Pune Expressway and Old Mumbai-Pune Highway, operated by IRB MP Expressway, recorded toll revenue of Rs 172.10 crore in August 2026, up from Rs 144.70 crore a year earlier. IRB Ahmedabad Vadodara Super Express Tollway reported revenue of Rs 80.30 crore compared with Rs 69.10 crore in August 2025. Among the other major assets, IRB Golconda Expressway reported toll revenue of Rs 87.90 crore, up from Rs 73.70 crore, while IRB Lalitpur Tollway revenue increased to Rs 43.50 crore from Rs 36.10 crore. IRB Tumkur Chitradurga Tollway revenue rose to Rs 38.40 crore from Rs 34.90 crore. Three assets reported toll revenue in August 2026 without a year-ago comparison in the company's disclosure. IRB Harihara Corridors Tollway reported Rs 41.70 crore, IRB Chandibhadra Tollway reported Rs 20 crore and Meerut Budaun Expressway reported Rs 22.60 crore. Toll collection on these projects commenced during 2026. IRB Group has 28 revenue-generating highway assets with an aggregate portfolio of approximately Rs 94,000 crore across 13 states. The group said its assets record approximately 1.5 million vehicle crossings daily and account for nearly one-tenth of India's total toll revenue. On a consolidated basis, IRB Infrastructure Developers' net profit 51.26% to Rs 306.27 crore while net sales rose 1.82% to Rs 2137.27 crore in Q1 June 2026 over Q1 June 2025. First Published: Sep 10 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FII index-futures change reads unambiguously bearish when shorts are added at a fast pace, says Dharmesh Bhatt of Systematix. First Published: Sep 10 2026 | 10:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shakti Pumps share price rallies 12% on ?236-crore MSEDCL order win First Published: Sep 10 2026 | 10:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The total value of the order is around Rs 235.92 crore, including GST. The project is scheduled to be executed within 60 days from the issuance of the work order or Notice to Proceed (NTP). Shakti Pumps (India) manufactures pumps, motors, VFDs, inverters and related spare parts. Its product portfolio includes engineered pumps, industrial pumps and solar pumps. The company's consolidated net profit declined 46.72% to Rs 51.59 crore in the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 96.83 crore in the corresponding quarter last year. Revenue from operations jumped 37.9% year-on-year (YoY) to Rs 858.67 crore in Q1 FY27. First Published: Sep 10 2026 | 10:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sterlite Technologies Ltd has added 38.61% over last one month compared to 4.77% gain in BSE Telecommunication index and 4.37% drop in the SENSEX Sterlite Technologies Ltd fell 1.12% today to trade at Rs 858. The BSE Telecommunication index is down 0.19% to quote at 3738.29. The index is up 4.77 % over last one month. Among the other constituents of the index, HFCL Ltd decreased 1.02% and GTL Infrastructure Ltd lost 0.85% on the day. The BSE Telecommunication index went up 32.7 % over last one year compared to the 8.21% fall in benchmark SENSEX. Sterlite Technologies Ltd has added 38.61% over last one month compared to 4.77% gain in BSE Telecommunication index and 4.37% drop in the SENSEX. On the BSE, 5664 shares were traded in the counter so far compared with average daily volumes of 2.01 lakh shares in the past one month. The stock hit a record high of Rs 869.8 on 10 Sep 2026. The stock hit a 52-week low of Rs 84.65 on 27 Jan 2026. First Published: Sep 10 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dilip Buildcon gains 12% on Paradip-Raipur LPG pipeline project win First Published: Sep 10 2026 | 9:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vodafone Idea a high-beta turnaround play, says Jefferies; here's why First Published: Sep 10 2026 | 9:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Juniper Green Spark Ten, a wholly owned subsidiary of Juniper Green Energy, has fully commissioned the 75 MW wind solar hybrid power project with the commissioning of the final 10 MW wind capacity at the project site on 09 September 2026. The commissioning has been witnessed and confirmed by Maharashtra State Electricity Distribution Company (MSEDCL) officials, and the formal certificate is expected to be issued shortly. Pursuant to the commissioning of the above capacity, the aggregate operational capacity of Juniper Green Energy and its subsidiaries stands at ~2,604 MWp and ~500 MWh BESS as of the date hereof. First Published: Sep 10 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sigma Advanced Systems today announced that its dedicated aerospace manufacturing facility at Sri City, Andhra Pradesh, has moved from build-out into active production, completing the transition from ground breaking to production in a record eight months. The facility's first batch of precision-machined aerospace components have been manufactured and shipped to Sigma UK where they are undergoing final verification ahead of formal delivery to the customer. The Sri City operation has completed the initial stages of the source-change approval process with Rolls-Royce Aerospace. The dedicated aerospace manufacturing facility is being developed at Sri City across a larger 500,000 sq ft campus. In just eight months, approximately 75,000 sq ft has been brought into operation, already providing 100,000 machining hours of annual production capacity with this first facility budgeted to reach a production capacity of nearly 300,000 annual machining hours. First Published: Sep 10 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kolte Patil Developers announced a landmark launch performance for its project 'Vyana at The Reserve' in Vadgaon (Pune), with over 600 apartments booked, translating to sales of over Rs. 600 crore in 60 hours. This is the strongest launch performance ever in the Company's history. The velocity of sales reflects overwhelming customer confidence, reinforcing KPDL's leadership position in the Pune market. Spread over 20 acres along the established Sinhgad Road corridor, the entire project 'The Reserve' is a premium riverside residential development offering scenic views of the NDA Hills, expansive open spaces and thoughtfully designed residences. The project, with a total potential saleable area of about 5 million square feet and an expected Gross Development Value (GDV) of Rs. 4,000 crore, will be launched in multiple phases, providing significant revenue growth runway. The first phase, 'Vyana at The Reserve', offers premium 2 and 3-bed residences alongside a curated range of lifestyle amenities spanning outdoor recreation, wellness and leisure spaces and sports facilities. First Published: Sep 10 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 10 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Bandhan Bank, Inox Wind, Kaynes Technology, LIC Housing Finance, SAIL and Manappuram Finance barred from fresh F&O positions on 10 September 2026. Stocks to Watch: Hindustan Zinc has signed a six-year transportation contract with MFL India Limited for the deployment of 30 electric trucks for concentrate transportation, accelerating the electrification of its mine-to-smelter logistics network. Under the contract, extendable by a further two years, electric trucks will be progressively inducted to replace conventional diesel vehicles used for transporting zinc and lead concentrate from Rampura Agucha to its smelting operations in Rajasthan Coal India said that its subsidiary, Northern Coalfields announced that coal production increased by 67% and supply by 75% as on 8th September in comparison to average of 1st to 3rd September 2026. The companys rake loading through Indian Railways increased to 41 rakes on 8th September, compared with an average of 19 rakes per day during 13 September Equitas Small Finance Bank said that its board will meet on Wednesday, 16 September 2026 to consider and approve raising of capital through issuance of unsecured, subordinated, transferable, redeemable, fully paid up lower Tier II bonds in the form of non-convertible debentures on a private placement basis Gujarat Ambuja Exports Company proposes to setup a 850 TPD Greenfield Corn Wet Milling Plant at Hubli, Karnataka, subject to the necessary regulatory approvals and clearances. The facility will have the capacity to Manufacture 400 TPD of Corn Starch, 150 TPD of Sweeteners and 300 TPD of Feed Ingredients. Dilip Buildcon has been selected as the successful for securing LOI for grant of authorization for laying, building, operating or expanding petroleum and petroleum product (LPG) Pipeline from Paradip, Odisha to Raipur, Chattisgarh. Under the proposed Project, the company will undertake the design, finance, development, construction, operation and maintenance of the proposed LPG pipeline infrastructure, subject to applicable approvals, authorisations and regulatory requirements of the Petroleum and Natural Gas Regulatory Board (PNGRB). First Published: Sep 10 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Sep 10 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In a circular dated 9 September 2026, SEBI said the existing position limits were introduced in 2017 and were aligned with market conditions prevailing at that time. The regulator said it had received representations from stakeholders seeking a review of position limits applicable to agricultural commodity derivatives as well as a cap on penalties for position limit violations. The changes were made based on stakeholder representations, recommendations of the Working Group on the review of current regulatory norms applicable to the agricultural commodity derivatives segment, the Commodity Derivatives Advisory Committee (CDAC) and public comments. SEBI has revised the definition of a Broad Commodity. An agricultural commodity will now qualify as a Broad Commodity if it is not a Sensitive Commodity and its average deliverable supply over the past five years is at least 10 lakh metric tonnes in quantitative terms or at least Rs 5,000 crore in monetary terms. The earlier framework required both criteria to be met. SEBI has also doubled the overall client-level position limits for agricultural commodities. The limits have been revised to 2% of deliverable supply for Broad commodities, 1% for Narrow commodities and 0.5% for Sensitive commodities. The calculated limits will be rounded down to the appropriate number of zeroes. Commodities that shift from the Narrow category to the Broad category following the revised definition will initially retain a 1% position limit for one year. After a review, the exchange may increase the limit to 2% if it is satisfied that the higher limit is appropriate. SEBI has also revised the penalty framework for client-level open-interest violations. For a violation exceeding 2% of the prescribed position limit, the penalty will be the lower of the calculated amount or Rs 2 lakh. The calculation is based on the excess position, closing price, number of days for which the violation continued and a 2% rate. For a violation of up to 2% of the prescribed limit, the penalty will be the lower of the calculated amount or Rs 10,000. The penalty can also be calculated using the near-calendar-month underlying futures closing price. Members must reduce the excess position and bring it within the prescribed limit by the next trading day after the violation. If the violation continues, the exchange can square off the excess position without further notice to the member by placing orders on its behalf in the relevant client code. SEBI has also prescribed consequences for repeated violations. If a violation exceeding 2% of the prescribed limit occurs more than three times for a trading member in a calendar month, the exchange will place the member in square-off mode for one day if the violation relates to the same commodity. If the specified position-limit violations occur more than three times for a trading member in a calendar month, an additional penalty equivalent to the penalty charged for the open-interest violation will also be imposed. The full circular provides an exception where the violation arises solely because of clubbing of positions. The penalty framework applies to violations at the client level, including positions held on the member's own account or positions of clients or clubbed clients, as specified in the circular. Position limits are intended to prevent excessive speculation and concentration of positions among a few participants and to mitigate risks arising from concentrated exposures in commodity derivatives. SEBI's May 2026 consultation paper had noted that the existing limits were introduced in 2017 and that the commodity derivatives market had since evolved in terms of participants and product offerings. The revised provisions amend Paragraphs 3.4.3 and 3.5.2 of SEBI's Master Circular for the Commodity Derivatives Segment dated 04 August 2023. The circular comes into force with immediate effect. SEBI has directed recognised stock exchanges having a commodity derivatives segment to take the necessary steps and put systems in place for implementation. First Published: Sep 10 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty September 2026 futures were up 80 points, indicating a positive start for the Nifty 50. However, sentiment remained fragile as elevated crude oil prices and rising bond yields renewed inflation concerns and raised worries over the outlook for interest rates. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 582.99 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,509.04 crore in the Indian equity market on 9 September 2026, according to provisional data. FPIs sold shares worth Rs 13200.41 crore in September so far, through 9 September 2026. This follows net cash purchases of Rs 17,366 crore in August 2026, while they were net buyers of Rs 6,731.97 crore in July 2026. Global Markets: The US Dow Jones index futures are currently up by 142 points, signaling a positive opening for US stocks today. Asian shares traded lower on Thursday, 10 September 2026, tracking overnight losses on Wall Street as a sharp rise in crude oil prices and higher US Treasury yields heightened concerns over inflation and interest rates. The escalation in the US-Iran conflict and growing risks to energy supplies kept investors cautious. Wall Street ended lower for the third consecutive session on Wednesday as Brent crude climbed above $100 a barrel for the first time since July. The Dow Jones Industrial Average declined 0.77% to 52,380.66, while the S&P 500 fell 0.48% to 7,636.36. The Nasdaq Composite closed 0.64% lower at 26,253.34. The renewed rise in oil prices followed an escalation in the US-Iran conflict, with attacks on oil tankers and shipping in the Middle East raising fears of prolonged disruption to crude supplies. The Strait of Hormuz remains a key concern for markets because the waterway historically handles roughly one-fifth of global oil and gas supplies. Higher oil prices have also complicated the outlook for global central banks. Markets are increasingly concerned that sustained energy inflation could delay interest-rate cuts or force policymakers to maintain a tighter stance for longer. Investors are therefore watching upcoming US inflation data closely, with the Producer Price Index due on Thursday and the Consumer Price Index on Friday. The data will be important for expectations around the Federal Reserve's policy decision on 15-16 September. US Treasury yields also moved higher. The benchmark 10-year Treasury yield rose to 4.848% after touching 4.86%, its highest level since November 2023. The 30-year yield increased to 5.297%. Apple unveiled its first foldable iPhone, the iPhone Duo, along with the iPhone 18 Pro and Pro Max. The new Pro models start $100 higher than their predecessors. Apple shares fell 0.3% on Wednesday but gained 0.6% in after-hours trading. Domestic Market: The domestic equity benchmarks ended sharply lower Wednesday, extending their decline for the third consecutive session as elevated crude oil prices heightened concerns over the macroeconomic outlook. Persistent geopolitical uncertainty, rupee weakness and renewed FII selling further weighed on investor sentiment. The ongoing IPO rush, with 10 issues open for subscription, also diverted liquidity from the secondary market. The Nifty closed below the 23,450 mark, dragged by IT and FMCG shares. However, metal and pharma shares remained in demand. The S&P BSE Sensex tanked 813.35 points or 1.08% to 74,764.23. The Nifty 50 index tumbled 203.60 points or 0.86% to 23,431.50. Over the three consecutive sessions, the Sensex and Nifty have declined 2.29% and 1.95%, respectively. First Published: Sep 10 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Japan's Nikkei and South Korea's KOSPI dipped more than 1 per cent | REUTERS Asian stocks slid on Thursday as the biggest wave of attacks on shipping in the widening war in the Middle East kept oil prices above $100 a barrel, leaving investors nervous ahead of US inflation data that will influence monetary policy. Benchmark 10-year US Treasury yields held steady at 4.8406 per cent after scaling their highest since 2023 in the previous session as the Treasury Department announced a $6 billion buyback of longer-dated bonds that disappointed some investors who had wanted more. Brent crude futures edged ?up to $101.4 per barrel in early trading, having broken through the psychologically crucial $100 mark on Wednesday for the first time since July as traders grappled with the prospect of inflationary pressure. "I think that Brent pushing through the $100 level will be seen by many in the market as a significant event in the current scheme of things," said Nick Twidale, chief market strategist at ATFX Global, who expects global yields to push higher as the market adjusts to higher inflation in the coming months. "This move now may convince some market participants that may have been holding fire on certain positions, with hopes of a peace deal in the Middle East, to now hit the trigger as the realities of a longer conflict kick in." MSCI's broadest index of Asia-Pacific shares outside Japan fell 1 per cent. Japan's Nikkei and South Korea's KOSPI dipped more than 1 per cent. "Markets are facing a cocktail of headwinds in September which has historically not been the best seasonal month for stock markets," said Vasu Menon, managing director of investment strategy at OCBC. There has also been an escalation in fighting between Saudi Arabia and the Houthis in Yemen, a second theatre of war that threatens global energy supplies from the Middle East as the six-month conflict shows no signs of easing. Higher oil prices and elevated bond yields have weighed on investor sentiment, setting the stage for the series of central bank meetings in the coming days. The euro was little changed at $1.16322 ahead of the European Central Bank policy decision where it is expected to raise rates. Market focus is likely to be on policymaker comments to gauge further moves. The Fed and the Bank of Japan are due next week. US producer price and consumer price inflation reports are due later on Thursday and Friday, respectively, with analysts saying the data will play a key role in whether the Fed hikes rates at its September 15 to 16 meeting. Fed funds futures ?traders are pricing in about 60 per cent odds of a rate hike next week. "The bond market is under pressure as oil prices reignite inflation fears. But it's not just oil we should be watching," said Prashant Newnaha, senior rates strategist at TD Securities. "Agricultural commodities are now breaking out and they are likely ?to lift food's contribution to CPI in coming months. At a minimum the stage is set for headline CPI remaining elevated until early 2027." The BOJ is widely expected to raise interest rates and analysts say the communication from officials will need to be hawkish to sustain the recent yen rally. The Japanese yen was at 153.63 per US dollar, having firmed 4 per cent in September. The sharp rise has ?been driven by heightened expectations of faster BOJ rate hikes, traders exiting short positions in the Japanese currency and early signs of a potential rush of repatriation of Japanese capital. "Failure to deliver a hike, alongside clearer signals of a faster pace of tightening next week, will likely trigger a sharp ?renewed weakening of the yen," said Carol Kong, a currency strategist at Commonwealth Bank of Australia, who expects a hike next week and another two in December and April. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 10 2026 | 8:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wipro announced the launch of its Chief Information Security Officer (CISO) Command Center in collaboration with CrowdStrike to help enterprises address emerging cybersecurity risks accelerated by artificial intelligence (AI). The Command Center will provide integrated protection across endpoint security, cloud security, exposure management and AI security, while bringing together threat detection and response through a modern Security Operations Center (SOC). Amar Bysani, global practice head cybersecurity and risk services, Wipro, said, Cyber risk is intensifying pressure on boardroom decision-making. Threats that once remained dormant for months can now materialize within hours, driven by external triggers and AI-enabled exploitation, the Command Center will work with enterprises to turn security signals into business risk intelligence, enabling them to sense, prioritize, and respond at machine speed. Daniel Bernard, chief business officer, CrowdStrike, said AI is fundamentally changing both the threat landscape and how enterprises run defense programs. Together, CrowdStrike and Wipro are giving CISOs the AI-native security, intelligence, and services they need to turn risk into action at machine speed and transform security into a business advantage. Wipro is an AI-powered technology services and consulting company that provides digital transformation, consulting and technology services to enterprises globally. For Q1 FY27, Wipro reported revenue of Rs 24,479 crore, up 10.6% year-on-year and 1% sequentially. Net profit rose 0.6% YoY but declined 4.7% QoQ to Rs 3,356 crore. IT services revenue stood at $2.615 billion, rising 0.9% YoY in constant currency terms but declining 1.2% QoQ. Wipro expects IT services revenue of $2.574 billion to $2.627 billion in Q2 FY27, implying a sequential constant-currency change of -1.5% to +0.5%. The counter declined 2.33% to settle at Rs 167.50 on Wednesday, 9 September 2026. First Published: Sep 10 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: ICICI Pru AMC, Meesho, Wipro, Shakti Pumps, Hindustan Zinc First Published: Sep 10 2026 | 8:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Technically, the Nifty has decisively slipped below the crucial 23,600 support zone, weakening the near-term structure. First Published: Sep 10 2026 | 7:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to open lower on Thursday, tracking negative global cues. First Published: Sep 10 2026 | 7:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The US Energy ?Information Administration on Wednesday raised its oil price forecasts for ?this year and next, as global stockpiles drop due to the loss of West Asian supply Oil prices held firm on Thursday after Brent crude breached $100 a barrel, with traders bracing for deeper supply disruption as Iran and the United States ?launched their largest attacks on shipping since their six-month-old conflict began. Brent crude futures rose 0.1 per cent to $101.34 a barrel by 0107 GMT. US West Texas Intermediate crude was at $96.55 a barrel, up 0.5 per cent. Iran said on Wednesday it had attacked 10 ships near the Strait of Hormuz after the US sank five Iranian oil tankers, and Iran's Revolutionary ?Guard Corps said it would escalate its response to any further attacks. "The tit-for-tat attacks suggest oil flows from the Persian Gulf are likely to remain disrupted for the foreseeable future," ANZ analyst Daniel Hynes said in a client note. Oil flow through the Strait of Hormuz, the waterway that before the war carried roughly a ?fifth of global oil and gas supplies, remains well below its pre-war level. The US Energy ?Information Administration on Wednesday raised its oil price forecasts for ?this year and next, as global stockpiles drop due to the loss of West Asian supply. "The ?broadening of the conflict threatens to risk even deeper disruption to oil supplies that had already left the oil ?market scrambling to adjust," Hynes said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 10 2026 | 7:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The government's indigenisation policy aimed at developing a robust domestic defence ecosystem, has underpinned growth for the sector. Even on a year-to-date basis, the Nifty India Defence Index has topped the returns table, enriching investors with over a 25 per cent return (Reuters) First Published: Sep 10 2026 | 5:25 AM IST In this article : This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Business Standard Defence Index is designed to track the performance of 25 key defence stocks First Published: Sep 10 2026 | 5:05 AM IST In this article : This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Trillions in planned spending marks the sharpest rearmament shift in a decade First Published: Sep 10 2026 | 4:20 AM IST In this article : This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 10 2026 | 12:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 09 2026 | 9:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Markets regulator Sebi on Wednesday proposed changes to the eligibility criteria for directors on governing boards of market infrastructure institutions (MIIs), along with standard qualification and experience norms for key officials such as chief technology officers and chief information security officers. In its consultation paper, the regulator said the proposals are aimed at strengthening the governance of MIIs, which include stock exchanges, clearing corporations, and depositories. Sebi said MIIs faced practical difficulties finding suitable candidates, especially for public interest director positions, due to existing restrictions. These rules often disqualify expert candidates from joining an MII board if they are directors at any company even remotely linked to a stockbroker or trading member. Under the proposed changes, Sebi said the existing exemption available to directors of public sector banks and financial institutions would be extended to directors of companies with well-diversified shareholding, even if their associates include trading members, clearing members or depository participants. Also, Sebi has proposed defining "well-diversified shareholding" as a company where no shareholder, other than public-sector shareholders, individually or together with persons acting in concert, directly or indirectly owns 10 per cent or more of the stake or voting rights. The regulator said the change would help facilitate the flow of expertise and talent into MIIs while maintaining safeguards against conflicts of interest. The proposals were discussed by Sebi's Secondary Market Advisory Committee (SMAC) in April this year. Also, Sebi has suggested that MIIs formulate a Standard Operating Procedure (SOP) detailing the required qualifications, experience, skill sets and certifications for four critical roles -- Chief Technology Officer (CTO), Chief Information Security Officer (CISO), Compliance Officer (CO) and Chief Risk Officer (CRiO). The regulator noted that MIIs rely heavily on technology and security. However, there are currently no uniform standards for the qualifications and experience required for the people in charge of these areas. The SOP would be approved by the governing board of the MII, taking into account inputs from relevant statutory committees. For CTOs and CISOs, inputs would be taken from the Standing Committee on Technology, while the Regulatory Oversight Committee would provide inputs for the compliance officer and the Risk Management Committee for the chief risk officer. The regulator said these officials play a crucial role in ensuring technological resilience, cyber security, compliance and risk management at MIIs, which function as public infrastructure utilities and first-line regulators for the capital markets. Sebi has also proposed that vacancies in these key positions be filled within three months of becoming vacant. MIIs would be required to plan in advance where a vacancy is anticipated to avoid any gap in these critical functions. The regulator has also sought public views on whether MIIs should appoint deputies for these key positions to ensure continuity. The Securities and Exchange Board of India (Sebi) has sought public comments on the proposals until September 30. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 09 2026 | 8:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Torrent pharma This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Torrent pharma This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Supreme Court of India First Published: Sep 09 2026 | 7:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From Tata Power Renewable Energy Enviro Infra Engineers (EIEL) through its step-down subsidiary Suyog Urja (SUL), has received a Letter of Intent (LOI) from Tata Power Renewable Energy (TPREL) for the execution of EPC turnkey works for the development of a 180 MW NTPC Wind Power Project at Parli, Maharashtra. The LOI has a contract value of Rs 224.19 crore (including GST) and is to be executed by 31 March 2027. The scope of work encompasses Wind Turbine Generator (WTG) foundation works, Balance of Plant (BoP) works and 33 kV transmission line works. The WTG foundation package includes civil foundation works for 58 WTGs, along with associated reinforcement steel and geotechnical requirements. Under the BoP scope, SUL will undertake the development of an approximately 39-acre storage yard, coordination and management of Right of Way (ROW) for material movement, and construction of access roads, pathways and crane pads, along with other associated civil and infrastructure works. The LOI also covers the construction and commissioning of the 33 kV transmission line, including route survey and design, supply and erection of poles/towers, conductors, insulators and associated hardware, as well as ROW-related activities and installation of STATCOM/harmonic filter systems. First Published: Sep 09 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 09 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 09 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Phonepe First Published: Sep 09 2026 | 7:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 09 2026 | 6:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 09 2026 | 6:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 09 2026 | 6:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 09 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Commenting on this, Amitabh Murarka, Dy. CEO, IRB Infrastructure Developers said, Our strong toll revenue performance in August 2026 reflects the sustained traffic growth across our assets. The growth in traffic, coupled with the tariff revision implemented at the beginning of FY27, has further supported our revenue performance. He further said, With robust GDP growth indicating sustained economic activity, coupled with the onset of the festive season beginning with the Ganesh Festival, we expect the positive traffic momentum to continue. We remain well positioned to deliver stronger toll revenue growth in the coming months, further strengthening our overall growth momentum. First Published: Sep 09 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 09 2026 | 6:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 09 2026 | 6:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The space has capacity to accommodate around 2,500-3,000 employees First Published: Sep 09 2026 | 10:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 09 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Biocon share price rises 3% after block deal, Pertuzumab deal in Brazil First Published: Sep 09 2026 | 10:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coforge tumbled 6.91% to Rs 1814.50 after the company announced that its non-executive independent director and chairman, O. P. Bhatt, resigned from the Board with immediate effect on 9 September 2026. The resignation followed an internal audit review conducted as part of the Q2 FY26 internal audit plan, which examined the process followed for the Board Evaluation Exercise conducted in March/April 2026 and the resulting Board Evaluation Report (BER) presented to the Board under the chairman's guidance. The review identified concerns regarding the manner in which the BER was dealt with and presented to the Board, including the non-disclosure of certain material information relating to the BER and the chairman's performance. The board subsequently raised its concerns with Bhatt and sought his explanation. While the chairman stated that he had acted in good faith, he tendered his resignation while the Board was still considering and evaluating his response. The company clarified that the matters relate solely to the regulatory Board Evaluation Exercise and have no connection with the company's financial statements, financial reporting or other financial matters. The company also said the matter has no bearing on its operations, business performance or near-, medium- and long-term guidance. Separately, the company announced that its Board will meet on 23 October 2026 to consider and approve the unaudited consolidated and standalone financial results for the quarter and half year ended 30 September 2026 Coforge is an AI-focused engineering services company that combines AI capabilities with industry expertise to develop enterprise solutions. The company integrates AI agents with its delivery teams to improve operational efficiency and focuses on secure, governed AI deployments. On a consolidated basis, the company's net profit rose 63.4% YoY to Rs 518.60 crore, while it declined 15.3% sequentially. Gross revenue increased 49.2% YoY and 24.2% QoQ to Rs 5,527.70 crore in the June 2026 quarter. In US dollar terms, revenue stood at $592.2 million, up 33.3% YoY and 21.1% QoQ. First Published: Sep 09 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For establishing framework for potential long-term supply of iron ore Steel Exchange India has entered into a Memorandum of Understanding (MoU) with NMDC on 08 September 2026. The MoU establishes a commercial and operational framework for the supply and procurement of Consistent grade Iron Ore Fines having Fe content of 61-63% and above, sourced from NMDC's upcoming Buffer Stockpile & Blending Yard at Visakhapatnam, Andhra Pradesh. The MoU is non-exclusive and non-binding in nature and has a primary term of four years. It provides a framework for potential long-term supply of iron ore to support the Company's integrated steel manufacturing operations, subject to the terms of definitive Long-Term Agreements to be entered into between the Parties. First Published: Sep 09 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The local currency is expected to trade with a negative bias on rising crude oil prices and escalating geopolitical tensions The rupee depreciated 21 paise to 94.95 against US dollar on Wednesday weighed down by surging crude oil prices, which inched closer to the USD 100-a-barrel mark amid the simmering US-Iran tensions. A weak dollar, however, cushioned the fall, forex traders said. At the interbank foreign exchange market, the rupee opened at 94.80 against the US dollar, then touched 94.95, registering a fall of 21 paise from its previous close. On Tuesday, the rupee fell 18 paise to close at 94.74 against the American currency. "Indian rupee opened lower on escalating geopolitical tensions and surge in crude oil prices. Brent has neared the USD 100 mark as US and Iran attack each other," said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan. The local currency is expected to trade with a negative bias on rising crude oil prices and escalating geopolitical tensions, he said. "Weak global markets may further pressurise the rupee. However, a weak dollar may support the rupee at lower levels. Investors now focus on inflation data from the US and India. USDINR spot price is expected to trade in a range of Rs 94.70 to Rs 95.15," he added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.76, lower by 0.03 per cent. Brent crude, the global oil benchmark, was trading higher by 1.41 per cent at USD 99.30 per barrel in futures trade, amid escalating US-Iran tensions and fears of disruption to oil flows through the Strait of Hormuz. On the domestic equities market front, Sensex tanked 500.25 points to 75,060.61 in early trade while Nifty declined 129.40 points to 23,506.10. Foreign institutional investors (FIIs) sold equities worth Rs 123.19 crore on a net basis on Tuesday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 09 2026 | 10:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A clutch of Indian brands has entered or expanded in the smartphone market to seize the opportunity First Published: Sep 09 2026 | 10:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 09 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Graphite India surged 16.11% to Rs 852.75, while HEG advanced 5% to Rs 273.35, after US-based graphite electrode manufacturer GrafTech International announced a minimum 30% increase in graphite electrode prices. However, the impact on HEG needs to be viewed in the context of its ongoing demerger. The currently listed company, HEG Advanced Materials, no longer houses the graphite electrode business, which has been transferred to HEG Graphite. HEG Graphite is proposed to be renamed HEG and separately listed as a pure-play graphite electrode company. Any benefit from higher graphite electrode prices would therefore accrue to the graphite electrode business housed in the new entity. GrafTech said the increase builds on its pricing action announced in March 2026 and is aimed at restoring graphite electrode prices to sustainable levels. The company noted that prices have declined considerably over the past three years, while certain raw material, energy and logistics costs have increased. The company has taken measures to reduce costs and improve operational efficiency, including workforce reductions, capacity idling and the planned closure of its graphite electrode manufacturing facility in Monterrey, Mexico. However, GrafTech said these measures alone were not sufficient to restore sustainable economics. Graphite India is one of India's leading graphite electrode manufacturers, with the company stating on its website that it has 98,000 tonnes of graphite electrode capacity. Graphite electrodes are key consumables in electric arc furnace steelmaking, where they conduct high electrical currents to generate the heat required to melt steel scrap. GrafTech manufactures graphite electrodes used primarily in electric arc furnace steelmaking and the production of other ferrous and non-ferrous metals. The company is also substantially vertically integrated into petroleum needle coke, its key raw material for graphite electrode manufacturing. First Published: Sep 09 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee fell to a one-week low in opening trades on Wednesday owing to rising oil prices amid ongoing tensions between US and Iran. Rising oil prices intensified inflation concerns and also strengthened expectations for a Federal Reserve rate hike. INR opened at Rs 94.80 per dollar and hit a low of 94.98 so far during the day. Local shares are also seen opening lower on Wednesday as investors fret over persistently high oil prices and escalating Middle East hostilities. Brent crude prices rose toward $100 a barrel as renewed tensions in the Gulf region raised concerns about further disruptions to global oil supplies. Iran has launched a barrage of missiles targeting U.S. military positions in Jordan and warned all tanker crews in Bahraini and Kuwaiti to "immediately abandon their vessels", whether at anchor or at berth in ports, after the U.S. destroyed five Iranian tankers in the Gulf of Oman and near Kharg Island, a major crude export hub. First Published: Sep 09 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 09 2026 | 9:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
LCC Projects IPO’s strong order book, improving profitability and established execution capabilities provide a favourable growth outlook, said Anand Rathi. First Published: Sep 09 2026 | 9:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Graphite India shares skyrocket 12% to fresh 52-week high; here's why First Published: Sep 09 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At pre-money equity valuation of USD 18 billion Adani Airport Holdings (AAHL), a subsidiary of Adani Enterprises (AEL), has entered into binding agreements to raise Rs 9,825 crore (~USD 1 billion) of primary equity capital from a consortium of investors comprising Alpha Wave Global, Premji Invest, Temasek and BlackRock managed funds. The transaction values AAHL at a pre-money equity valuation of ~USD 18 billion and represents one of the largest primary equity investments from financial institutions in India's airport infrastructure sector. The participation of a consortium of long-term domestic and global investors represents a significant institutional endorsement of AAHL's scale, operating capabilities and long-term growth potential. The investment brings long-duration institutional capital into the business at a time when India's aviation sector is entering a sustained phase of passenger growth, capacity expansion and infrastructure investment. AAHL and the investors have entered into a Share Subscription Agreement and a Shareholders' Agreement pursuant to which the investors will subscribe to new equity shares of AAHL in three tranches, with the final tranche expected to be completed by July 2027. Upon completion of all three tranches, the investors will collectively hold approximately 5.54% in AAHL. The proceeds will support three strategic priorities: expanding and modernising airport infrastructure across AAHL's portfolio; accelerating the development of integrated Adani Airport City ecosystems around its airports with development of ~ 22 million sq. ft. of mixed use development planned in the first phase; and scaling passenger-facing and other non aeronautical businesses including our ground handling business. These investments are expected to increase capacity to serve ~ 200 million passengers annually, deepen commercial monetisation, enhance passenger experience and further strengthen AAHL's integrated airport ecosystem. The transaction follows AEL's successful Rs 15,000 crore qualified institutional placement (QIP) in July 2026, India's largest QIP by a non-financial corporate. First Published: Sep 09 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coforge chairman OP Bhatt resignation: Stock plunges 9% in Wednesday's trade. First Published: Sep 09 2026 | 9:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
i) Lump Ore (65.5%, 10-40mm) @ Rs 5,400/- per ton ii) Fines (64%,-10mm) @ Rs 4,500/- per ton Note: The above are FOR prices that are exclusive of Royalty, DMF, NMEDT, Cess, Forest Permit Fee, transit fee, GST, environmental Cess and other taxes. First Published: Sep 09 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 09 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 8.80% to Rs 14.31 crore First Published: Sep 09 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 11.42% to Rs 190.94 crore First Published: Sep 09 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty September 2026 futures were up 22.50 points, indicating a positive start for the Nifty 50. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 123.19 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,349.64 crore in the Indian equity market on 8 September 2026, according to provisional data. FPIs sold shares worth Rs 13918.41 crore in September so far, through 8 September 2026. This follows net cash purchases of Rs 17,366 crore in August 2026, while they were net buyers of Rs 6,731.97 crore in July 2026. Global Markets: Most Asian indices were trading higher on Wednesday, with sentiment supported by a rebound in Chinese inflation, although gains remained cautious as investors monitored escalating Middle East tensions and rising crude oil prices. Chinas CPI rose 0.8% year on year in August, accelerating from 0.5% in July, while core CPI increased 1.0% from 0.9% a month earlier. The PPI rose 3.8%, up from 3.5% in July. Chinas official data attributed the rise in consumer inflation partly to higher energy prices, while the producer-price increase reflected higher international commodity prices and stronger demand in some high-tech industries. Oil prices remained a major market concern. Brent crude climbed close to $100 a barrel after attacks on Saudi energy infrastructure by Iran-backed Houthi militants and further US-Iran military escalation. The surge has renewed concerns that higher energy costs could keep inflation elevated and limit central banks' room to cut interest rates. The geopolitical situation also intensified after the US said its forces destroyed five Iranian oil tankers following an attempted attack on a US Navy vessel. The US Treasury also announced fresh sanctions targeting Iran's aviation sector, adding another layer of pressure on Tehran. Wall Street ended lower on Tuesday as the rise in crude prices revived inflation concerns. The Dow Jones Industrial Average fell 1.18% to 52,786.07, the S&P 500 declined 0.58% to 7,673.52 and the Nasdaq Composite dropped 0.32% to 26,421.41. The US 10-year Treasury yield also moved near 4.8%. Markets are now focused on US inflation data due later this week. The August CPI, scheduled for Friday, is expected to provide fresh clues on the Federal Reserve's policy path ahead of its 16-17 September meeting. Rising oil prices have increased concerns that a renewed inflationary push could complicate the Fed's decision on interest rates. Markets were pricing roughly a 60% probability of a rate hike next week. Domestic Market: The key equity indices ended lower on Tuesday, extending their decline for the second consecutive trading session. Sentiment remained subdued amid rising crude oil prices on concerns over an escalating conflict in the Middle East. India is particularly vulnerable to higher fuel prices as it imports about 85% of its crude oil requirements. Firm global bond yields further weighed on investor sentiment and heightened concerns over inflation and interest rates. The Nifty closed below the 23,650 level, dragged by weakness in private banks, oil & gas and IT shares. The S&P BSE Sensex declined 555.23 points or 0.73% to 75,577.58. The Nifty 50 index lost 144.05 points or 0.61% to 23,635.10. In two consecutive sessions, the Sensex and Nifty have declined 1.23% and 1.10%, respectively. First Published: Sep 09 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 9:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 8:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 08 September 2026 First Published: Sep 08 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Sep 08 2026 | 7:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 08 September 2026 First Published: Sep 08 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 08 September 2026 First Published: Sep 08 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zoher Kapuswala, marketing head, Ferrero India Subcontinent First Published: Sep 08 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zoher Kapuswala, marketing head, Ferrero India Subcontinent First Published: Sep 08 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The proposed vessel will be financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet. The company's current owned fleet stands at 40 vessels, comprising 25 Tankers (5 Crude Tankers, 16 Product Tankers, 4 LPG Carriers) and 15 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.24 mn dwt. The Company's current capacity utilization is close to 100%. Additionally, the company has contracted to acquire one additional secondhand Kamsarmax Dry Bulk Carrier, and this transaction is expected to be completed in Q3 FY27. First Published: Sep 08 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The 3A Financial Strength rating is based on the Company's tangible net worth derived from its audited financial statements for the financial year ended March 31, 2026. The Composite Appraisal of 1 indicates that the overall status of the rated entity is Strong. String Metaverse has also been included in the Dun & Bradstreet Global Database and has been assigned D&B D-U-N-S Number 86-024-1227. First Published: Sep 08 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jupiter Wagons has secured a significant order from GATX India, a subsidiary of GATX Corporation, USA, further strengthening Jupiter Wagons' presence in India's private wagon leasing ecosystem. Jupiter Wagons has signed a Rs. 97.66 crore (incl. applicable tax) Wagon Purchase Agreement with GATX India for the manufacture and supply of BFNS22.9 rakes. The order adds to Jupiter Wagons' growing footprint with global wagon leasing players and reflects the Company's continued alignment with the Indian Railways' Wagon Leasing Scheme, which enables private players such as GATX to lease and operate rolling stock on the Indian Railways network. First Published: Sep 08 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On NH-39 Jhansi Khajuraho Section in Madhya Pradesh First Published: Sep 08 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On NH-3 Indore-Dewas section in Madhya Pradesh First Published: Sep 08 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee fell 18 paise to close at 94.74 (provisional) against the American currency on Tuesday as geopolitical tensions in West Asia and rising Brent crude prices nearing USD 99 per barrel weighed on investor sentiment. Rupee declined on a surge in crude oil prices amid fresh attacks on Aramco's facilities by Yemen's Houthis. Moreover, rising geopolitical tensions in West Asia and a weak trend in domestic equities further pressured the rupee. Indian shares fell notably on Tuesday as rising oil prices amid escalating Middle East tensions raised concerns over a possible interest-rate hike by the U.S. Federal Reserve. The Sensex dropped 555.23 points (-0.73%) to 75,577.58 and the Nifty 50 fell 144.05 points (-0.61%) to settle at 23,635.10. First Published: Sep 08 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 4.15 crore shares as against 1.64 crore shares on offer. The issue opened for bidding on 8 September 2026 and will close on 10 September 2026. The price band of the IPO is fixed between Rs 172 and 182 per share. An investor can bid for a minimum of 82 equity shares and multiples thereof. The offer comprises a fresh issue of equity shares of Rs 2 each, aggregating to Rs 60 crore and an offer for sale of 20213722 equity shares. The offer for sale component consists of the sale of 14943048 equity shares by India Business Excellence Fund IIA, an investor selling shareholder and the balance of 5270674 equity shares by promoters. Of the net proceeds from the fresh issue, the company intends to use Rs 50 crore to fund capital expenditure requirements for setting up the GPU project as part of the planned backward integration of the company at its Vile Bhagad facility and balance towards general corporate purposes. Glass Wall Systems (India) is a fade and fenestration solutions provider catering to real estate developers, hospitals, airport authorities, contractors and corporate clients in India, as well as customers in the USA and Australia. The company offers customized fade, curtain wall, skylight, canopy, rain screen cladding, aluminium doors and windows, and other architectural solutions across three verticalsdomestic fade solutions, international fade product supply and fenestration solutions. It has completed 158 projects and had an order book of Rs 981.55 crore as of March 31, 2026. The company operates a manufacturing facility at Vile Bhagad, Maharashtra, with a capacity of 130 panels per day, and is setting up an in-house glass processing unit to support backward integration. Ahead of the IPO, Glass Wall Systems (India) on Monday, 8 August 2026, raised Rs 128.36 crore from anchor investors. The board allotted 70.35 lakh shares at Rs 182 each to 15 anchor investors. The firm reported a consolidated net profit of Rs 83.79 crore and sales of Rs 456.97 crore for the twelve months ended on 31 March 2026. First Published: Sep 08 2026 | 5:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 22.43 lakh shares as against 54.43 lakh shares on offer. The issue opened for bidding on 7 September 2026 and will close on 9 September 2026. The price band of the IPO is fixed between Rs 118 and 124 per share. An investor can bid for a minimum of 120 equity shares and multiples thereof. The IPO comprises a fresh issue of equity shares worth up to Rs 500 crore and an offer for sale aggregating up to Rs 80 crore by existing shareholders. The objectives of the fresh issue include Rs 60 crore for repayment/prepayment of certain outstanding borrowings, with the remaining amount to be used for general corporate purposes. The promoters and promoter group hold an aggregate of 5,17,35,560 equity shares, aggregating 89.2% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is expected to be around 77.84%. Prasol Chemicals is a forward-integrated manufacturer of acetone- and phosphorus-based specialty chemicals, along with other differentiated products. Established in 1992, the company has over 33 years of experience and offers a portfolio of more than 150 products serving over 1,600 customers across 69 countries. It operates two manufacturing facilities at Khopoli and Mahad in Maharashtra, with an aggregate installed capacity of 98,644 tonnes per annum. Its products cater to performance chemicals, paints, inks, construction and adhesives, pharmaceuticals, agrochemicals, and home and personal care segments. In FY26, acetone-based specialty chemicals contributed 42.75% of revenue, phosphorus-based specialty chemicals 38.30%, and other specialty chemicals 18.33%. Ahead of the IPO, Prasol Chemicals on Monday, 8 August 2026, raised Rs 149.99 crore from anchor investors. The board allotted 22.18 lakh shares at Rs 676 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 83.12 crore and sales of Rs 1,232.59 crore for the twelve months ended on 31 March 2026. First Published: Sep 08 2026 | 5:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 40.87 crore shares as against 2.24 crore shares on offer. The issue opened for bidding on 7 September 2026 and will close on 9 September 2026. The price band of the IPO is fixed between Rs 118 and 124 per share. An investor can bid for a minimum of 120 equity shares and multiples thereof. The offer comprises fresh issue of equity shares of Rs 10 each aggregating to Rs 316 crore and an offer for sale of 2856869 equity shares by BioUrja India Infra, an investor selling shareholder. Of the net proceeds from fresh issue, the company intends to use Rs 145.718 crore to meet the funding costs towards obtaining government and statutory approvals and purchase of additional FSI as per applicable laws and cost towards compensation to members towards alternate accommodation, and hardship compensation, in relation to the development of certain of under-construction/upcoming redevelopment projects; Rs 91.5 crore towards prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the company; and balance towards general corporate purposes. Pranav Constructions is a Mumbai-focused real estate developer specializing in pure-play redevelopment projects, primarily in the western suburbs of the MCGM region. The company operates across economical, mid and mass, and aspirational housing segments under the PCPL brand. As of March 2026, it had 65 redevelopment projects across the MCGM region, including completed, under-construction and upcoming projects. Ahead of the IPO, Pranav Constructions on Friday, 04 August 2026, raised Rs 84.24 crore from anchor investors. The board allotted 67.94 lakh shares at Rs 124 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 71.32 crore and sales of Rs 761.60 crore for the twelve months ended on 31 March 2026. First Published: Sep 08 2026 | 5:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The total project cost of work order is Rs 10.58 crore. First Published: Sep 08 2026 | 5:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 3.15 crore shares as against 1.16 crore shares on offer. The issue opened for bidding on 8 September 2026 and will close on 10 September 2026. The price band of the IPO is fixed between Rs 601 and 632 per share. An investor can bid for a minimum of 23 equity shares and multiples thereof. The offer comprises fresh issue of equity shares of Rs 2 each aggregating to Rs 300 crore and an offer for sale of 11957915 equity shares. The offer for sale component consists entirely of sale by K Sons Family Trust, a promoter selling shareholder. The company proposes to utilise Rs 64.18 crore from the net proceeds of the fresh issue towards capital expenditure requirements, including the purchase of plant and machinery for its Gangol plant to increase transformer manufacturing capacity, expand and automate backward integration facilities, and enhance operational efficiency. The funds will also be used for the construction of an office building at the Gangol plant and for sustainability initiatives, including setting up solar power plants at its facilities and purchasing electric vehicles for handling and movement activities at the Gangol plant. Further, the company intends to utilise Rs 155 crore towards funding incremental working capital requirements, while the balance of the net proceeds will be utilised for general corporate purposes. Ahead of the IPO, Kanohar Electricals on Monday, 7 September 2026, raised Rs 316.72 crore from anchor investors. The board allotted 50.11 lakh shares at Rs 632 each to 42 anchor investors. Kanohar Electricals, promoted by Dinesh Singhal, a technocrat, is one of leading domestic manufacturer of transformers in the country catering to high growth industries such as power transmission, railways, renewable energy, and power distribution. Apart from manufacturing transformers, the company is also undertaking EPC projects in power T&D sector. Across its transformer manufacturing business and EPC business, it have successfully executed orders domestically in the states of Punjab, Rajasthan, Gujarat, Assam, Himachal Pradesh, Bihar, Maharashtra, Madhya Pradesh, Jharkhand, Karnataka, and overseas in Taiwan. The transformer manufacturing business accounted for the majority of the companys revenue from operations in FY26, contributing 83.43%, while the EPC business accounted for 16.44% and distribution transformers business contributed the remaining 0.13%. Of the FY26 revenue from operations, approximately 85.37% was generated from tenders awarded by government entities, comprising 46.92% from central government entities and 38.45% from state government entities. As of 31 March 2026, the company had an order book of Rs 1,818.32 crore, with the transformer manufacturing business accounting for 89.19% of the total order book and the EPC business contributing the remaining 10.81%. The firm reported a consolidated net profit of Rs 129.73 crore and sales of Rs 653.84 crore for the three months ended on 31 March 2026. First Published: Sep 08 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 5:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 5:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 08 2026 | 4:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The key equity indices ended lower on Tuesday, extending their decline for the second consecutive trading session. Sentiment remained subdued amid rising crude oil prices on concerns over an escalating conflict in the Middle East. India is particularly vulnerable to higher fuel prices as it imports about 85% of its crude oil requirements. Firm global bond yields further weighed on investor sentiment and heightened concerns over inflation and interest rates. The Nifty closed below the 23,650 level, dragged by weakness in private banks, oil & gas and IT shares. The S&P BSE Sensex declined 555.23 points or 0.73% to 75,577.58. The Nifty 50 index lost 144.05 points or 0.61% to 23,635.10. In two consecutive sessions, the Sensex and Nifty have declined 1.23% and 1.10%, respectively. ICICI Bank (down 1.97%), Reliance Industries (down 1.11%) and HDFC Bank (down 1.06%) were major Nifty drags today. The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.27% and the BSE 250 SmallCap Index rose 0.17%. The market breadth was negative. On the BSE, 2,096 shares rose and 2,291 shares fell. A total of 239 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.51% to 11.10. Numbers To Tracks: In the commodities market, Brent crude for November 2026 settlement rose $2.04 or 2.12% to $98.32 a barrel. The yield on India's 10-year benchmark federal paper fell 0.09% to 6.951 compared with the previous session close of 6.957. In the foreign exchange market, the rupee lowered against the dollar. The partially convertible rupee was hovering at 94.8300 compared with its close of 94.5650 during the previous trading session. MCX Gold futures for 5 October 2026 settlement rose 0.12% to Rs 1,52,994. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.23% to 98.96. The United States 10-year bond yield rose 0.27% to 4.797. Global Markets: The US stock market was set for a cautious reopening on Tuesday, after the Labor Day holiday, with Dow futures down about 400 points amid heightened Middle East tensions. European equities declined while Asian market mostly ended lower on Tuesday, as surging crude prices and near-certainty of an imminent European Central Bank interest rate hike ignited fresh fears of a prolonged stagflation shock. Brent crude climbed above $98 a barrel as tensions around the Strait of Hormuz intensified following US-Iran military confrontations. Iran has threatened tighter controls around the strategic waterway, raising concerns over possible disruptions to global oil supplies. The rise in crude has also strengthened inflation concerns and complicated the Federal Reserve's policy outlook. Markets are pricing in more than a 60% probability of a 25-basis-point Fed rate hike at the September meeting. US inflation data due later this week could influence those expectations. Investors are also watching renewed US-Canada trade tensions. Canada is set to impose retaliatory tariffs on around $20 billion of US goods, while President Donald Trump has threatened to block Bombardier from selling aircraft in the US unless the company manufactures them domestically. New Listings: Shares of Deepa Jewellers ended at Rs 194.30 on the BSE, representing a premium of 9.77% as compared with the issue price of Rs 177. The stock debuted at Rs 221.05 on the BSE, a premium of 24.89% over its issue price. The stock has hit a high of Rs 222.10 and a low of Rs 193.10. On the BSE, over 35.07 lakh shares of the company were traded in the counter. Shares of Rays of Belief ended at Rs 228.05 on the BSE, representing a discount of 4.50% as compared with the issue price of Rs 239. The scrip was listed at 239, matching the initial public offer (IPO) price. The stock has hit a high of Rs 239 and a low of Rs 228. On the BSE, over 92,000 shares of the company were traded in the counter. Stocks in Spotlight: Sansera Engineering jumped 3.30% to Rs 4,025 after a foreign brokerage initiated coverage on the company with an 'outperform' rating and a target price of Rs 4,954. Polycab India rose 1.36% to Rs 8,373.50 after a foreign brokerage retained its 'Buy' rating on the stock with a target price of Rs 11,100. Garuda Construction and Engineering advanced 1.56% after the company's subsidiary Dream City Builders has secured a contract for building 93-storey landmark tower in Jeddah, Kingdom of Saudi Arabia. The project has an estimated revenue potential of Rs 1,800 crore. GE Vernova T&D soared 8.77% after the firm received a contract from Power Grid Corporation of India to establish an High Voltage Direct Current (HVDC) LCC terminal station for evacuating renewable energy. The contract involves the design and establishment of a 6,000 MW, 800 kV High Voltage Direct Current (HVDC) Line Commutated Converter (LCC) terminal station, comprising two 3,000 MW terminals. The project is aimed at supporting the evacuation of renewable power from Barmer II to South Kalamb. Shiprocket declined 0.97%. The company reported a narrowing of its consolidated net loss to Rs 13.71 crore in Q1 FY27 from a net loss of Rs 18.03 crore in Q1 FY26. Revenue from operations declined 33.81% YoY to Rs 592.08 crore in Q1 FY27. Organic Recycling Systems jumped 4.11% after the company announced that it has secured two landmark EPCOM contracts from Bharat Petroleum Corporation (BPCL), aggregating Rs 167.30 crore. Sri Lotus Developers and Realty fell 1.36% after the company announced that its subsidiary has been appointed as the developer for a prestigious residential redevelopment project located at Model Town, Versova, Andheri (W), Mumbai. Symphony surged 5.72% after the company announced plans to expand its India product portfolio through a calibrated and phased entry into room air conditioners, BLDC ceiling fans and air purifiers. Separately, the company's founder promoter, chairman and managing director, Achal Anil Bakeri plans to gift approximately 3.43 lakh equity shares, representing 0.5% of the companys equity share capital and valued at around Rs 20 crore at current market prices, from his personal holdings. The transfer of shares will be made as gifts to either the spouse, parents, or immediate relatives of employees (this includes ex-employees and housekeeping help) of the company, and the family office. Initial Public Offer (IPO): Pranav Constructions received bids for 40,16,68,320 shares as against 2,24,63,137 shares on offer, according to stock exchange data at 16:33 IST on 8 September 2026. The issue was subscribed 17.88 times. The issue opened for bidding on 7 September 2026 and will close on 9 September 2026. The price band of the IPO is fixed between Rs 118 and 124 per share. An investor can bid for a minimum of 120 equity shares and multiples thereof. Prasol Chemicals received bids for 21,93,158 shares as against 54,43,229 shares on offer, according to stock exchange data at 16:33 IST on 8 September 2026. The issue was subscribed 0.40 times. The issue opened for bidding on 8 September 2026 and will close on 10 September 2026. The price band of the IPO is fixed between Rs 643 and 676 per share. An investor can bid for a minimum of 22 equity shares and multiples thereof. Glass Wall Systems (India) received bids for 3,99,44,414 shares as against 1,64,57,298 shares on offer, according to stock exchange data at 16:33 IST on 8 September 2026. The issue was subscribed 2.43 times. The issue opened for bidding on 8 September 2026 and will close on 10 September 2026. The price band of the IPO is fixed between Rs 172 and 182 per share. An investor can bid for a minimum of 82 equity shares and multiples thereof. Kanohar Electricals received bids for 3,06,45,430 shares as against 1,16,93,326 shares on offer, according to stock exchange data at 16:33 IST on 8 September 2026. The issue was subscribed 2.62 times. The issue opened for bidding on 8 September 2026 and will close on 10 September 2026. The price band of the IPO is fixed between Rs 601 and 632 per share. An investor can bid for a minimum of 23 equity shares and multiples thereof. First Published: Sep 08 2026 | 4:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank, GE Vernova T&D India and Reliance Industries were top traded contracts. In the cash market, the Nifty 50 index lost 144.05 points or 0.61% to 23,635.10. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.51% to 11.10. HDFC Bank, GE Vernova T&D India and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE. The September 2026 F&O contracts will expire on 29 September 2026. First Published: Sep 08 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 08 2026 | 4:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Consultancy Services (TCS) said that it has won a Rs 122.6 crore contract from the Government of Odisha to implement the next phase of the Odisha State Workflow Automation System (OSWAS 3.0). The upgraded platform will integrate workflow automation, system integration, analytics, security and AI-enabled capabilities on a common digital foundation, enabling government departments to process files digitally, undertake electronic approvals, track workflows in real time and access records more efficiently. The engagement builds on TCS's long-standing involvement with OSWAS, which has been in use since 2009 and currently supports more than 4,600 government offices and nearly 50,000 users across Odisha. OSWAS 3.0 will move the system to a more scalable microservices-based and mobile-first architecture, with enhanced interoperability, security and AI capabilities, including support for the Odia language. Sushil Jain, head-Public Services India, TCS, said, "Odisha has been ahead of the curve in using technology to make governance more efficient and transparent. OSWAS 3.0 will build on this strong digital foundation with a more secure, scalable and mobile-first platform. It will empower officials to work with greater speed and visibility, strengthen accountability, and enable a more connected and responsive administration across the state." Tata Consultancy Services (TCS) is a digital transformation and technology partner of choice for industry-leading organizations worldwide. The IT major reported a consolidated net profit of Rs 13,349 crore for the quarter ended 30 June 2026 (Q1 FY27), down 2.7% from Rs 13,718 crore in Q4 FY26. Revenue from operations rose 2.2% sequentially to Rs 72,275 crore in Q1 FY27 from Rs 70,698 crore in the preceding quarter. The scrip shed 0.50% to end at Rs 2260 on the BSE today. First Published: Sep 08 2026 | 4:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The stronger yen weighed on export-focused stocks as it can reduce overseas earnings when converted into yen. Markets also remained cautious ahead of an expected Bank of Japan rate hike, supported by stronger economic data. July wages recorded their fastest growth since 1997, while second-quarter GDP growth was revised higher. Higher oil prices following renewed US-Iran tensions added to concerns over inflation and interest rates. Technology stocks led the decline, with Taiyo Yuden falling 7.9%, Ibiden declining 6.3%, Kioxia Holdings down 3.6%, Fujikura lower by 3% and Advantest down 2%. First Published: Sep 08 2026 | 4:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Chinas exports rose 25% annually to USD 401.4 billion in August, accelerating from 23.9% growth in July. Imports also increased sharply by 28.2% to USD 282.4 billion, marking the eighth consecutive month of double-digit growth. The trade surplus widened to USD 119.1 billion from USD 101.1 billion a year earlier. However, trade tensions remained a concern, with the US continuing to push China to reduce trade imbalances. Tensions with the EU are also increasing ahead of the October deadline to address trade disparities. Sector-wise, energy stocks performed well, with PetroChina, CNOOC and China Petroleum & Chemical gaining 2.54%, 3.83% and 4.10%, respectively. In contrast, CATL, Suzhou Dongshan Precision and Hangzhou Hikvision Digital Technology declined 3.65%, 2.17% and 3.50%, respectively. First Published: Sep 08 2026 | 4:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 3:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 08 2026 | 3:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 3:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 3:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The project is valued at Rs 214.52 crore over the five year period. First Published: Sep 08 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sri Lotus Developers and Realty added 1.11% to Rs 200.95 after the company announced that its subsidiary has been appointed as the developer for a prestigious residential redevelopment project located at Model Town, Versova, Andheri (W), Mumbai. The proposed project envisages the development of premium residential spaces featuring world-class design, unmatched amenities, and an address that embodies exclusivity and sophistication. "This development is expected to further strengthen the companys presence in the luxury real estate segment enhance long-term stakeholder value," Sri Lotus Developers said in a statement. Sri Lotus Developers & Realty is a Mumbai-based real estate developer focused on ultra-luxury and luxury residential and commercial projects in the western suburbs of the Mumbai Metropolitan Region (MMR). The company reported 77% jump in net profit to Rs 46 crore on a 116% increase in total revenue to Rs 132 crore in Q1 FY27 as compared with Q1 FY26. First Published: Sep 08 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The IFSCA (Prohibition of Market Abuse in Securities Markets) Regulations, 2026, are aimed at protecting investors and establishing a framework to prohibit market abuse in the financial centre First Published: Sep 08 2026 | 3:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 3:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IDBI Bank Ltd, IFCI Ltd, Pfizer Ltd and Archean Chemical Industries Ltd are among the other losers in the BSE's 'A' group today, 08 September 2026. IDBI Bank Ltd, IFCI Ltd, Pfizer Ltd and Archean Chemical Industries Ltd are among the other losers in the BSE's 'A' group today, 08 September 2026. New India Assurance Company Ltd lost 10.68% to Rs 206.5 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 21.7 lakh shares were traded on the counter so far as against the average daily volumes of 5.24 lakh shares in the past one month. IDBI Bank Ltd crashed 10.58% to Rs 81.1. The stock was the second biggest loser in 'A' group.On the BSE, 20.77 lakh shares were traded on the counter so far as against the average daily volumes of 8.11 lakh shares in the past one month. IFCI Ltd tumbled 9.37% to Rs 93. The stock was the third biggest loser in 'A' group.On the BSE, 152.72 lakh shares were traded on the counter so far as against the average daily volumes of 58.52 lakh shares in the past one month. Pfizer Ltd corrected 5.69% to Rs 4333. The stock was the fourth biggest loser in 'A' group.On the BSE, 5303 shares were traded on the counter so far as against the average daily volumes of 27167 shares in the past one month. Archean Chemical Industries Ltd slipped 4.86% to Rs 485. The stock was the fifth biggest loser in 'A' group.On the BSE, 5.64 lakh shares were traded on the counter so far as against the average daily volumes of 95598 shares in the past one month. First Published: Sep 08 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fredun Pharmaceuticals (FPL) said that it has acquired Furlicks, an innovative pet-wellness brand focused on convenient, easy-to-administer oral-strip solutions for pets, from pharma major USV & its subsidiary Wellbeing Nutrition. With pet parenting evolving from a predominantly need-based approach towards a more proactive focus on preventive health, the acquisition comes at a time when pet parents are becoming more aware and increasingly willing to invest in nutrition and specialised products for their pets. Furlicks addresses this consumer need through its oral-strip format, offering an alternative to conventional forms of pet supplements. Its existing portfolio spans key pet-wellness categories including skin and coat, gut health, joint care, calming, oral care and multivitamins. Fredun Medhora, MD & CFO, Fredun Pharmaceuticals Ltd. stated: Furlicks marks a bold new chapter in FPLs journey into pet wellness. We see Furlicks as more than an addition to our portfolio- it is a differentiated platform with the potential to build a significant pet-wellness business. By combining Furlicks innovation and consumer-first approach with FPLs manufacturing capabilities, scale and execution strength, we aim to make quality pet care more accessible to millions of pet parents across India. Our focus is to scale Furlicks while preserving what makes the brand special: its innovation, simplicity and deep understanding of pet parents." Fredun Pharmaceuticals manufactures pharmaceutical formulations such as tablets, syrups, capsules, and ointments. The company's product basket includes multiple therapeutic classes such as anti-diabetics, anti-retroviral, anti-hypertensive etc. The company's consolidated net profit increased by 94.1% to Rs 13.13 crore in Q1 FY27 from Rs 6.76 crore in Q1 FY26. Revenue from operations rose by 90.7% year-on-year (YoY) to Rs 227.75 crore during the period under review. The scrip tumbled 6.02% to currently trade at Rs 1322 on the BSE. First Published: Sep 08 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 08 2026 | 2:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Symphony stock rallies 13.5% on foray into AC, air purifiers & BLDC fans First Published: Sep 08 2026 | 2:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian banks have left much of their future interest payments on overseas FX deposits unhedged, creating a source of potential dollar demand that could compound depreciation pressure in a rupee-weakening scenario, five bankers said. Lenders have raised more than $127 billion in such deposits since the central bank introduced them ?as part of one-off measures to strengthen India's balance of payments in the face of surging oil prices in June. While the Reserve Bank of India's special swap facility shields banks from FX risk on the deposits' principal amounts, interest payments need to be managed by lenders independently. Foreign banks are largely hedging exposure. Most state-run banks and several private-sector Indian lenders have not, the bankers said. One banker at a mid-sized state-run lender said their bank had decided not to hedge the interest-payment FX exposure for now, citing the high cost and recent comfort provided by the RBI's intervention-driven rupee rally. "At the moment, the expectation is that interest payments can be handled ?via spot dollar purchases when needed as opposed to locking in protection," the official said. All five bankers requested anonymity because they were not authorised to speak to the media. The RBI did not immediately respond to an email seeking comment about the risk of unhedged interest payments. It costs banks about 3% a year to hedge FX risk on interest payments for deposits of 3- to 5-year tenors, for which the interest is paid when the deposits mature, rather than periodically, bankers said. The head of FX trading at a private-sector bank said the cost of hedging is prohibitive, ?particularly given how recent RBI intervention has made risk-reward on the rupee "asymmetrical." Positive developments are more likely to trigger a large rupee rally than negative news is to weigh on the local currency, he ?said. The rupee this week climbed to a two-month high amid persistent RBI intervention, boosted by greater firepower from ?the overseas FX deposits, analysts said. That respite could be tested, however, with Brent crude oil prices again approaching $100 a barrel and markets pricing a 60% chance of a rate hike by ?the U.S. Federal Reserve next week. With at least half of banks' interest-cost exposure unhedged, renewed rupee weakness could trigger a rush for dollars. A move toward 96-97 per dollar could shift banks' limited ?inclination to hedge, said a second banker who heads FX trading at a private-sector bank. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 08 2026 | 2:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 08 2026 | 2:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Groww in sweet spot as Jefferies sees ample headroom in India's MTF book First Published: Sep 08 2026 | 2:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Further, pursuant to the above acquisition of shares the stake in the Subsidiary Company will remain same with 51% ownership. First Published: Sep 08 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The benchmark indices traded near the day's low in afternoon trade as elevated crude oil prices continue to weigh on the macroeconomic outlook. Further, rise in global yields dampened investor sentiment. The Nifty traded below the 23,650 level. Oil & gas, banks and financials declined while FMCG, pharma and healthcare shares managed to trade with some gains. At 13:30 IST, the barometer index, the S&P BSE Sensex declined 503.86 points or 0.66% to 75,628.95. The Nifty 50 index declined 129.55 points or 0.54% to 23,649.60. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.23% and the BSE 250 SmallCap Index added 0.11%. The market breadth was negative. On the BSE, 1,994 shares rose and 2,217 shares fell. A total of 271 shares were unchanged. Gainers & Losers: Bharat Electronics (up 1.81%), Hindustan Unilever (up 1.38%), Apollo Hospitals (up 0.89%), Nestle India (up 0.84%) and ITC (up 0.72%) were the top gainers. ICICI Bank (down 2.12%), Axis Bank (down 1.96%), Ultratech Cement (down 1.31%), Reliance Industries (down 1.30%) and SBI Life (down 1.02%) were the top losers. Stocks in Spotlight: Garuda Construction and Engineering was locked in 5% upper circuit. The company's subsidiary Dream City Builders has secured a contract for building 93-storey landmark tower in Jeddah, Kingdom of Saudi Arabia. The project has an estimated revenue potential of Rs 1,800 crore. GE Vernova T&D soared 9.10%. The firm received a contract from Power Grid Corporation of India to establish an High Voltage Direct Current (HVDC) LCC terminal station for evacuating renewable energy. Organic Recycling Systems jumped 4.08%. The company announced that it has secured two landmark EPCOM contracts from Bharat Petroleum Corporation (BPCL), aggregating Rs 167.30 crore. Biocon rose 0.39%. The company has announced the signing of partnership agreement with Bahiafarma and Bionovis for Pertuzumab in Brazil. The consortium of these three company has received 100% allocation under Brazil's 10-year PDP program for Pertuzumab. Biocon will receive milestone payments and a share of revenues generated from the Brazil PDP opportunity over a 10-year period. Global Markets: The US stock market was set for a cautious reopening on Tuesday after the Labor Day holiday, with Dow futures down about 428 points amid heightened Middle East tensions. European equities edged lower while their Asian counterpart mostly declined on Tuesday, as surging crude prices and near-certainty of an imminent European Central Bank interest rate hike ignited fresh fears of a prolonged stagflation shock. Brent crude climbed above $97 a barrel as tensions around the Strait of Hormuz intensified following US-Iran military confrontations. Iran has threatened tighter controls around the strategic waterway, raising concerns over possible disruptions to global oil supplies. The rise in crude has also strengthened inflation concerns and complicated the Federal Reserve's policy outlook. Markets are pricing in more than a 60% probability of a 25-basis-point Fed rate hike at the September meeting. US inflation data due later this week could influence those expectations. Investors are also watching renewed US-Canada trade tensions. Canada is set to impose retaliatory tariffs on around $20 billion of US goods, while President Donald Trump has threatened to block Bombardier from selling aircraft in the US unless the company manufactures them domestically. First Published: Sep 08 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian transformer market grew from $3,691.4 million in CY19 to $4,944.9 million in CY25, at a 5 per cent CAGR, and is projected to reach $6,854.2 million by CY30, growing at 6.7 per cent CAGR. First Published: Sep 08 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Garuda Construction and Engineering was locked in 5% upper circuit at Rs 187.95 after the company's subsidiary Dream City Builders has secured a contract for building 93-storey landmark tower in Jeddah, Kingdom of Saudi Arabia. In a regulatory filing made post market hours yesterday, the company stated that Dream City Builders has entered into a memorandum of understanding (MoU) with Almasarat Company in connection with the proposed construction and development of a 93-storey tower in Jeddah, Kingdom of Saudi Arabia. Envisioned as a 360-degree twisting tower, the development is proposed to feature panoramic sea views, a five-star hotel comprising approximately 350 rooms across the lower 14 floors, and a diamond-shaped rooftop restaurant on the 93rd floor. Dream City Builders is expected to undertake the complete engineering, procurement and construction (EPC) scope for the project, including construction, finishing and handover. The project area is 1,53,451 square metres and the expected project duration is approximately five years from commencement. The project has an estimated revenue potential of Rs 1,800 crore. Garuda Construction and Engineering specializes in turnkey EPC solutions and has expertise in residential, commercial, infrastructure, and renewable energy projects. The company's consolidated net profit jumped 48.36% to Rs 41.54 crore on a 40.12% rise in revenue to Rs 175.38 crore in Q1 FY27 as compared with Q1 FY26. First Published: Sep 08 2026 | 1:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 1:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Genesys International Corporation Ltd, Allcargo Global Ltd, Alkali Metals Ltd and Poddar Pigments Ltd are among the other gainers in the BSE's 'B' group today, 08 September 2026. Genesys International Corporation Ltd, Allcargo Global Ltd, Alkali Metals Ltd and Poddar Pigments Ltd are among the other gainers in the BSE's 'B' group today, 08 September 2026. ESDS Software Solution Ltd spiked 20.00% to Rs 1289.55 at 08-Sep-2026 EOD IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 11.56 lakh shares were traded on the counter so far as against the average daily volumes of 9.13 lakh shares in the past one month. Genesys International Corporation Ltd soared 17.78% to Rs 282.8. The stock was the second biggest gainer in 'B' group. On the BSE, 2.23 lakh shares were traded on the counter so far as against the average daily volumes of 1.06 lakh shares in the past one month. Allcargo Global Ltd surged 16.30% to Rs 15.77. The stock was the third biggest gainer in 'B' group. On the BSE, 12.84 lakh shares were traded on the counter so far as against the average daily volumes of 3.76 lakh shares in the past one month. Alkali Metals Ltd rose 15.54% to Rs 88.94. The stock was the fourth biggest gainer in 'B' group. On the BSE, 41998 shares were traded on the counter so far as against the average daily volumes of 642 shares in the past one month. Poddar Pigments Ltd exploded 14.89% to Rs 321. The stock was the fifth biggest gainer in 'B' group. On the BSE, 13978 shares were traded on the counter so far as against the average daily volumes of 309 shares in the past one month. First Published: Sep 08 2026 | 1:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wockhardt Ltd is quoting at Rs 2214, up 0.27% on the day as on 12:44 IST on the NSE. The stock is up 48.22% in last one year as compared to a 4.86% gain in NIFTY and a 21.83% gain in the Nifty Pharma. Wockhardt Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 2214, up 0.27% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.5% on the day, quoting at 23660.65. The Sensex is at 75654.76, down 0.63%. Wockhardt Ltd has added around 14.64% in last one month. Meanwhile, Nifty Pharma index of which Wockhardt Ltd is a constituent, has added around 1.46% in last one month and is currently quoting at 26675.5, up 0.72% on the day. The volume in the stock stood at 9.14 lakh shares today, compared to the daily average of 10.16 lakh shares in last one month. The PE of the stock is 108.36 based on TTM earnings ending June 26. First Published: Sep 08 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NIACL, IFCI shara prices dropped up to 14% amid profit-taking on Tuesday. First Published: Sep 08 2026 | 12:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Glass Wall Systems IPO review First Published: Sep 08 2026 | 12:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fredun Pharmaceuticals (FPL) has acquired Furlicks, an innovative pet-wellness brand focused on convenient, easy-to-administer oral-strip solutions for pets. The acquisition of Furlicks from USV & Wellbeing Nutrition brings the brand's differentiated product innovation and consumer understanding into the FPL Group. Speaking on the acquisition, Fredun Medhora, MD & CFO, Fredun Pharmaceuticals stated, Furlicks marks a bold new chapter in FPL's journey into pet wellness. We see Furlicks as more than an addition to our portfolio- it is a differentiated platform with the potential to build a significant pet-wellness business. By combining Furlicks' innovation and consumer-first approach with FPL's manufacturing capabilities, scale and execution strength, we aim to make quality pet care more accessible to millions of pet parents across India. Our focus is to scale Furlicks while preserving what makes the brand special: its innovation, simplicity and deep understanding of pet parents. With FPL's resources and capabilities behind it, we see a strong opportunity to take what Furlicks has built to the next level and create India's first comprehensive pet-wellness platform. The immediate focus for FPL will be on scaling the existing business by introducing 12 new SKUs in the 1st phase, with 32 new SKUs aligned for launch in the second phase. First Published: Sep 08 2026 | 12:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To establish greenfield manufacturing unit in Visakhapatnam (Vizag), Andhra Pradesh Vishnu Chemicals (VCL) announced that it has executed a definitive Joint Venture Agreement (JVA) with DCX Chrome SAS, France (DCX), a globally renowned pioneer in the manufacturing of high-purity aluminothermic chromium metal and specialized chromium powders. Under the terms of the JVA, VCL and DCX will establish a new greenfield manufacturing facility in Visakhapatnam (Vizag), Andhra Pradesh, India. Both companies will hold an equal 50% equity stake in the proposed joint venture company. The plant is engineered to operate with a substantial installed capacity of 6,000 MTPA (Metric Tonnes Per Annum), dedicated entirely to producing high purity chromium metal. First Published: Sep 08 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company sees further headroom for growth in the small pickup market across e-commerce, quick commerce, FMCG, construction, agriculture and replacement demand Mahindra & Mahindra is targeting more than 50 per cent market share in the small pickup segment in the current fiscal year, with the expanded Veero range expected to help the automaker gain further momentum, a senior company executive said on Tuesday. The company, which currently commands a 46 per cent share in the small pickup segment year-to-date through July, expects the addition of the 1.1-tonne CNG Veero to help it cross the 50 per cent mark in FY27. Its market share in the segment stood at 49.1 per cent in FY26, Velusamy R, President, Automotive Business, Mahindra & Mahindra, told PTI in an interview. "In the small pickup segment in FY26, we were at 49.1 per cent, while in FY27 we are at 46 per cent. In the short term, Veero is expected to help Mahindra gain momentum and cross 50 per cent market share in FY27 once we launch this 1.1-tonne CNG," Veluswamy shared. Mahindra on Tuesday expanded the Veero range with the launch of the 1.1-tonne XXL CNG variant and upgraded its diesel range. The two CNG models V2 and V4 are priced at Rs 8.25 lakh and Rs 8.55 lakh, while the diesel range is priced between Rs 8.29 lakh and Rs 9.45 lakh (ex-showroom prices). "Very soon... we are launching the electric," Velusamy said, adding that the Veero platform was conceived as a multi-energy architecture covering diesel, CNG and electric powertrains. The company sees further headroom for growth in the small pickup market across e-commerce, quick commerce, FMCG, construction, agriculture and replacement demand, Velusamy said. He said the company was seeing "tremendous pull" for pickup products in August across both the below-2-tonne and 2-3.5-tonne categories. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 08 2026 | 12:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KIE thinks that India may add only about 100 GW of new thermal power capacity in the future because solar power combined with battery storage is becoming a strong competitor. First Published: Sep 08 2026 | 12:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 12:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Raymond Ltd, GE Vernova T&D India Ltd, Data Patterns (India) Ltd and Raymond Lifestyle Ltd are among the other gainers in the BSE's 'A' group today, 08 September 2026. Raymond Ltd, GE Vernova T&D India Ltd, Data Patterns (India) Ltd and Raymond Lifestyle Ltd are among the other gainers in the BSE's 'A' group today, 08 September 2026. Mishra Dhatu Nigam Ltd soared 11.65% to Rs 469.5 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 9.36 lakh shares were traded on the counter so far as against the average daily volumes of 1.08 lakh shares in the past one month. Raymond Ltd surged 10.42% to Rs 853.3. The stock was the second biggest gainer in 'A' group. On the BSE, 5.13 lakh shares were traded on the counter so far as against the average daily volumes of 81687 shares in the past one month. GE Vernova T&D India Ltd spiked 8.48% to Rs 4733. The stock was the third biggest gainer in 'A' group. On the BSE, 3.19 lakh shares were traded on the counter so far as against the average daily volumes of 53790 shares in the past one month. Data Patterns (India) Ltd spurt 6.57% to Rs 4892.25. The stock was the fourth biggest gainer in 'A' group. On the BSE, 86281 shares were traded on the counter so far as against the average daily volumes of 49362 shares in the past one month. Raymond Lifestyle Ltd jumped 6.46% to Rs 715.45. The stock was the fifth biggest gainer in 'A' group. On the BSE, 22566 shares were traded on the counter so far as against the average daily volumes of 9611 shares in the past one month. First Published: Sep 08 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Under the revised framework, FPIs investing only in government securities will not be required to provide investor group details, irrespective of the route through which they invest. The change has come into effect immediately. SEBI had introduced a similar exemption in September 2025 for FPIs investing exclusively in government securities through the Fully Accessible Route (FAR). The latest circular extends the relaxation to all FPIs investing only in government securities, including those using the General Route. The latest move follows the Reserve Bank of India's 5 June 2026 decision to remove the short-term investment, security-wise and concentration limits applicable to FPI investments in government securities under the General Route. With the concentration limit withdrawn, SEBI said identification of an investor group for an FPI investing only in government securities was no longer relevant. The RBI had also expanded the Fully Accessible Route by including new issuances of 15-year, 30-year and 40-year government securities. The measures form part of broader efforts to ease access to India's sovereign debt market and attract foreign capital. SEBI has directed depositories, custodians and Designated Depository Participants (DDPs) to make the necessary system changes to implement the revised framework. First Published: Sep 08 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fly-Hi Maritime Travels traded at Rs 77.55 on the BSE, a 23.97% discount to the issue price of Rs 102. The counter hit a high of Rs 81.60 and a low of Rs 77.55. About 17,000 shares of the company changed hands at the counter. Fly-Hi Maritime Travels' IPO was subscribed 2.07 times. The issue opened for bidding on 1 September 2026 and it closed on 3 September 2026. The price of the IPO was fixed at Rs 102 per share. The IPO comprised 51,60,000 equity shares, including a fresh issue of 41,60,400 shares and an offer for sale (OFS) of 9,99,600 shares by selling shareholder Jitender Kumar. The company intends to utilize the net proceeds from the issue towards funding its working capital requirements, repayment and/or pre-payment, in part, of certain borrowings availed by the company, talent acquisition for business marketing and development activities, and general corporate purposes. Fly-Hi Maritime provides end-to-end travel management services for crew members of commercial shipping companies, including airline tickets, ground transportation, hotel accommodation, visa applications and other travel requirements until crew members reach their designated port of embarkation. The company serves commercial shipping companies across more than six countries, with overseas operations contributing 90.33% of FY26 revenue at Rs 56.03 crore, while India accounted for 9.67% at Rs 5.99 crore. Maharashtra contributed 8.09% of total revenue during the year. As of 31 July 2026, the company had 54 employees, excluding its non-executive independent director. The company recorded revenue from operations of Rs 62.03 crore and net profit of Rs 8.42 crore for financial year ended 31 March 2026. First Published: Sep 08 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Organic Recycling Systems jumped 4.11% to Rs 176.05 after the company announced that it has secured two landmark EPCOM contracts from Bharat Petroleum Corporation (BPCL), aggregating Rs 167.30 crore. The contract is for the development and operation of organic municipal solid waste-based compressed biogas (CBG) plants in Mysuru, Karnataka and Raipur, Chhattisgarh. These orders add approximately 9.8 TPD of aggregate CBG processing capacity, expanding the companys presence into two new states, and extending its engagement with BPCL through five-year operations & maintenance (O&M) mandates. The contracts have been awarded to ORSLs wholly owned subsidiary, Solapur Bioenergy Systems (SBESPL). The projects cover the complete lifecycle of the plantsfrom engineering, procurement and construction through commissioning and long-term operations and maintenance. Both the contracts have to be executed within a period of 15 months from the date of letter of acceptance (LOA), followed by 5 years of O&M from commissioning. Organic Recycling Systems is an environmental engineering firm focused on sustainable waste management and resource recovery solutions. Founded in 2008, the company develops technologies across the waste value chain, including biomethanation, bioenergy generation and waste valorisation. It operates Indias first municipal solid waste processing plant based on patented anaerobic biomethanation technology and works closely with industries and municipalities to deliver circular economy solutions. The company had reported 60.6% increase in consolidated net profit to Rs 25.08 crore on a 117.1% rise in revenue to Rs 105.07 crore in Q1 FY27 as compared with Q1 FY26. First Published: Sep 08 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GE Vernova T&D soared 8.50% to Rs 4,734 after the firm received a contract from Power Grid Corporation of India to establish an High Voltage Direct Current (HVDC) LCC terminal station for evacuating renewable energy. The contract is scheduled to be executed over a multi-year period. GE Vernova T&D India is the listed entity of GE Vernovas Electrification segment in India. The company provides a versatile and robust range of solutions for connecting and evacuating power from generation sources onto the grid, and a wide range of products including power transformers, circuit breakers, gas-insulated switchgear, instrument transformers, substation automation, digital software solutions, turnkey substation solutions, FACTS, HVDC, and maintenance support. The company has reported 25% rise in net profit to Rs 360 crore on a 38% increase in revenue to Rs 1,840 crore in Q1 FY27 as compared with Q1 FY26. First Published: Sep 08 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Torrent Green Energy, a Torrent Group company and wholly owned subsidiary of Torrent Power, has successfully commissioned 322 MWp of ground-mounted decentralized solar power projects across Nashik district, Maharashtra, under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0 a scheme launched for implementation of feeder level solarisation under Component-C of PM-KUSUM scheme. Developed across 50 locations and spanning 14 talukas of Nashik district, the solar portfolio represents one of the most extensive and geographically diversified agricultural feeder solarization projects implemented under the MSKVY framework. Power from the Project will be supplied to MSEDCL under 25 years Power Purchase Agreement. First Published: Sep 08 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Government of India (GoI) has announced the sale (issue/ re-issue) of (i) 6.20% GS 2029 for a notified amount of Rs 11,000 crore, (ii) 6.57% GS 2033 for a notified amount of Rs 11,000 crore and (iii) New GS 2056 for a notified amount of Rs 10,000 crore. The auction will be conducted using multiple price method. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (e-Kuber system) on September 11, 2026 (Friday). GoI will have the option to retain additional subscription up to ?2,000 crore against each security. First Published: Sep 08 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Farm Peace traded at Rs 106.50 on the BSE, a 80.51% premium to the issue price of Rs 59. The counter hit a high of Rs 117.70 and a low of Rs 106.50. About 18.34 lakh shares of the company changed hands at the counter. Farm Peace's IPO was subscribed 1.15 times. The issue opened for bidding on 1 September 2026 and it closed on 3 September 2026. The price of the IPO was set at Rs 59 per share. The IPO comprised fresh issue of 54,24,000 equity shares. The company intends to utilize the net proceeds from the issue towards funding working capital requirements and general corporate purposes. Farm Peace is the integrated contract farming company specializing in processed-grade potato varieties like Santana, Frysona, Innovators, Lady Rosetta, and Chipsona, supplying processing companies for manufacturing French fries, chips, and other potato-based products. The company offers comprehensive support to farmers, including seed selection, soil preparation, irrigation, pest management, and harvesting guidance. As of 31 July 2026, the company employs 14 employees across various functions. The company recorded revenue from operations of Rs 90.82 crore and net profit of Rs 7.52 crore for financial year ended 31 March 2026. First Published: Sep 08 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GE Vernova Share climbs 9% after emerging as L1 bidder for Power Grid project First Published: Sep 08 2026 | 11:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Biocon has announced the signing of partnership agreement with Bahiafarma and Bionovis for Pertuzumab in Brazil. This agreement would mark an important milestone in advancing production and commercialisation of the HER2-positive breast cancer therapy under the countrys productive development partnership (PDP) program. Pertuzumab is a monoclonal antibody used in the treatment of HER2-positive breast cancer. Currently, the product is not manufactured locally in Brazil and is a significant expenditure for the country's Unified Health System (SUS). Bahiafarma is a public pharmaceutical laboratory of the State of Bahia, Brazil, focused on pharmaceutical research, technological development, innovation and the production and supply of medicines and other health products, particularly for Brazils SUS. Bionovis is a Brazilian biotechnology company focused on developing, manufacturing and commercializing complex biological medicines and biosimilars, with a strong emphasis on technology transfer, local biopharmaceutical manufacturing and expanding access to advanced therapies in Brazil. The consortium of Biocon, Bahiafarma and Bionovis received 100% allocation under Brazil's 10-year PDP program for Pertuzumab. The PDP provides the consortium exclusive access to Brazils public healthcare market, which accounts for approximately 70% of the countrys demand for Pertuzumab. It also supports the long term adoption of Biocons product within Brazils public oncology network. As part of the PDP framework, the product will undergo phased localization in Brazil in the mid to long term. Biocon will receive milestone payments and a share of revenues generated from the Brazil PDP opportunity over a 10-year period. Shreehas Tambe, CEO & managing director, Biocon, said: "Brazil is an important country for Biocon, and our journey here reflects the transformative potential of strong partnerships in building local capabilities and expanding access to high-quality, affordable medicines. This long-term supply contract for Pertuzumab marks a significant milestone in this journey, enabling us to reach more patients living with HER2-positive breast cancer and address an important healthcare need at scale." Biocon is Indias leading biopharma company. It is fully integrated and delivers biopharma solutions ranging from discovery to development and commercialisation. It has diversified revenue streams covering biosimilars, contract research, small molecules and APIs. The company had reported 355% jump in consolidated net profit to Rs 141 crore in Q1 FY27 from Rs 31 crore in Q1 FY26. Revenue from operations rose by 10% year-on-year (YoY) to Rs 4,336 crore during the period under review. The scrip rose 0.99% to currently trade at Rs 397.40 on the BSE. First Published: Sep 08 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 11:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Linde India Ltd registered volume of 23482 shares by 10:45 IST on BSE, a 23.35 fold spurt over two-week average daily volume of 1006 shares Afcons Infrastructure Ltd, GE Vernova T&D India Ltd, Nuvoco Vistas Corporation Ltd, PCBL Chemical Ltd are among the other stocks to see a surge in volumes on BSE today, 08 September 2026. Linde India Ltd registered volume of 23482 shares by 10:45 IST on BSE, a 23.35 fold spurt over two-week average daily volume of 1006 shares. The stock slipped 0.03% to Rs.6,362.00. Volumes stood at 1338 shares in the last session. Afcons Infrastructure Ltd clocked volume of 6.25 lakh shares by 10:45 IST on BSE, a 21.72 times surge over two-week average daily volume of 28778 shares. The stock lost 2.32% to Rs.286.35. Volumes stood at 9847 shares in the last session. GE Vernova T&D India Ltd clocked volume of 2.81 lakh shares by 10:45 IST on BSE, a 8.54 times surge over two-week average daily volume of 32853 shares. The stock gained 8.53% to Rs.4,735.00. Volumes stood at 22064 shares in the last session. Nuvoco Vistas Corporation Ltd clocked volume of 15.13 lakh shares by 10:45 IST on BSE, a 7.11 times surge over two-week average daily volume of 2.13 lakh shares. The stock gained 0.22% to Rs.345.85. Volumes stood at 5.33 lakh shares in the last session. PCBL Chemical Ltd saw volume of 2.63 lakh shares by 10:45 IST on BSE, a 5.16 fold spurt over two-week average daily volume of 50895 shares. The stock increased 2.66% to Rs.326.00. Volumes stood at 92489 shares in the last session. First Published: Sep 08 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Polycab India rose 1.87% to Rs 8,415.50 after a foreign brokerage retained its 'Buy' rating on the stock with a target price of Rs 11,100. The stock has come under pressure since UltraTech Cement entered the wires and cables market with its Ultravolt brand. UltraTech launched Ultravolt last Thursday with an investment of Rs 1,800 crore, of which Rs 900 crore had been incurred as of June 2026. UltraTech plans to roll out Ultravolt products across 500 districts through more than 1 lakh retailers. The company has started commercial production at the first phase of its facility in Bharuch, Gujarat, with an installed capacity of 1.1 million kilometres. Capacity is eventually expected to reach around 4 million kilometres. The Aditya Birla Group company's entry is expected to intensify competition in the retail wires and cables segment. Its focus on building a pan-India distribution and retail network has also raised concerns for established players. However, the brokerage said Polycab's recent correction could present an opportunity rather than signal a major competitive threat. The stock declined over 12% in the five trading sessions following the Ultravolt launch. The brokerage said the fast-growing wires and cables market has enough room for another meaningful player. The market is expected to expand at around 11%-12% annually. Polycab derives around 70%-75% of its cables and wires revenue from cables. In comparison, Ultravolt's initial focus appears to be on wires and low-tension cables. This provides some protection to Polycab, as large power transmission and industrial cable projects often require two to four years of pre-qualification, creating higher entry barriers. The brokerage also noted that the cables and wires industry operates at average operating margins of 10%-12% and net margins of 5%-7%. These margins are lower than those typically seen in branded paints, limiting the scope for sustained aggressive pricing by new entrants. The brokerage expects Polycab to deliver a 22% PAT CAGR over FY26-FY29E, driven by volume growth and improving FMEG margins. It retained its annual capex estimate of around Rs 1,400-1,500 crore for FY26-FY29E. Supply-chain disruptions, weaker demand and sharp copper-price volatility remain key risks, the brokerage said. Polycab India (PIL) is Indias largest manufacturer of wires and cables and one of the fastest growing FMEG companies. It reported 33% rise in consolidated net profit to Rs 7,96.7 crore on a 39% increase in revenue to Rs 8,209.7 crore in Q1 FY27 over Q1 FY26. First Published: Sep 08 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Prasol Chemicals IPO: Growth, margins impress but experts split; here's why First Published: Sep 08 2026 | 11:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 08 2026 | 11:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Suzlon Energy has secured a maiden 200 MW wind energy order from Ayana Renewable Power. This marks Suzlon's third DevCo-led wind order across two states - Madhya Pradesh and Andhra Pradesh. With this order, Suzlon's flagship 3.x MW platform, S144, has also crossed the 10 GW milestone. As part of the project, Suzlon will install 64 of its flagship S144 wind turbines, each with a rated capacity of 3.15 MW. Suzlon will execute the project through its comprehensive EPC offering, covering turbine supply, land acquisition, balance of plant (BoP), pooling substation (PSS), extra high voltage (EHV) line, commissioning, and operations & maintenance services. The project will be executed in Limbawas, Madhya Pradesh, and the power generated will be connected to the MPPCL state grid. First Published: Sep 08 2026 | 10:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Intellect Design Arena announced the launch of MSOCK Multidimensional Multilayer System of Connected Knowledge, an AI-native engineering system designed to address one of the biggest barriers to enterprise AI adoption: AI can generate code, but it does not inherently understand the enterprise it is being asked to change. Intellect has filed 39 patents relating to MSOCK technology and is launching the technology to the world for the first time on 09 September 2026, at Global FinTech Fest 2026. MSOCK introduces a new enterprise knowledge infrastructure that makes institutional knowledge connected, computable and visual, enabling AI to understand the relationships across business, operations, compliance and technology before it acts. The launch marks Intellect's move from coding-led software engineering to cognitive engineering, where enterprise transformation begins not with writing code, but with understanding business intent, institutional knowledge, architectural dependencies and the impact of change. As part of the launch, Intellect is issuing an open challenge to financial institutions. Organisations can bring one of their complex application modules to Intellect. Within three weeks, MSOCK will map the application and its connected knowledge, enabling the institution to ask one of the most consequential questions in enterprise technology: If I change this, what exactly will break? The challenge is intended to demonstrate MSOCK's ability to identify dependencies and the precise blast radius of proposed changes before code is modified. First Published: Sep 08 2026 | 10:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shiprocket rallied 5.96% to Rs 143.27 after the company reported a narrowing of its consolidated net loss to Rs 13.71 crore in Q1 FY27 from a net loss of Rs 18.03 crore in Q1 FY26. Adjusted EBITDA surged 790% year on year (YoY) to Rs 8.90 crore in Q1 FY27, while the adjusted EBITDA margin improved to 1.5% in Q1 FY27 from 0.2% in Q1 FY26. The companys core business revenue grew 22% YoY to Rs 411.7 crore. Revenue from emerging business (Checkout and marketing solutions, Cross-border and Omnichannel solutions) grew 70% YoY to Rs 180.4 crore. Emerging Business grew 3.2 times faster than Core Business and accounted 30% of revenue in Q1 FY27, up from 24% a year ago. Saahil Goel, managing director and CEO of Shiprocket, said: India's e-commerce market is expected to more than double to $180200 billion by 2030. Almost none of the merchants driving that growth will build their own logistics, payments and growth stack. They will rent it. That is what we are building. Tanmay Kumar, CFO of Shiprocket, said: Some of the lines we have invested in, like Ads, barely existed two years ago. This quarter, Ads and Marketing Solutions grew around 193%, and Emerging as a whole grew 70%, and lifted its contribution margin from 9.3% to 15.3%. Shares of Shiprocket were listed on the stock exchanges on 19 August 2026. The stock debuted at Rs 129.50 on the BSE, representing a 33.51% premium over its issue price, Rs 97. The initial public offer was subscribed 99.38 times. Shiprocket is a new-age merchant-first and AI-driven technology platform that helps MSMEs to operate their e-commerce business efficiently by providing services like logistics, checkout, payments, fulfillment, and cross-border trade, allowing merchants to sell online and offline both efficiently. First Published: Sep 08 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Rays of Belief were currently trading at Rs 232.20 at 10:10 IST on the BSE, representing a discount of 2.85% as compared with the issue price of Rs 239. So far, the stock has hit a high of Rs 239 and a low of Rs 228. On the BSE, over 0.55 lakh shares of the company were traded in the counter so far. The initial public offer of Rays of Belief was subscribed 107.71 times. Rays of Belief (For Profit Social Enterprise) IPO was open from 1 September to 3 September 2026. The issue comprised a fresh issue of up to 52.30 lakh equity shares, including an anchor investor portion of 20,92,190 shares. The price band was fixed at Rs 227-239 per share, with a face value of Rs 10. The company plans to use Rs 41.36 crore for setting up new centres, Rs 14.45 crore for lease payments for existing centres, Rs 10.13 crore for lease/licence payments for its US subsidiary, and Rs 10.20 crore for brand awareness and outreach programmes. The remaining amount will be used for inorganic growth and general corporate purposes. The company raised Rs 50 crore from five anchor investors ahead of its IPO. The company allotted 20,92,190 equity shares at Rs 239 per share, the upper end of the IPO price band. The anchor allocation was completed on 31 August 2026. Rays of Belief is a for-profit social enterprise focused on personalised intervention plans for children with neurodevelopmental disorders. The company operates 136 centres across 57 cities in 20 states and Union Territories under the Moms Belief brand as of 31 March 2026 and plans to add 319 centres between FY27 and FY29 using part of its IPO proceeds. The company also intends to pursue inorganic growth through acquisitions and strategic partnerships while expanding internationally through its existing US operations and plans to enter the UAE and UK markets. The companys FY26 consolidated revenue rose 12% to Rs 81.66 crore, while operating profit increased 220% to Rs 11.91 crore as operating margin improved to 14.59% from 5.09% on a pro forma basis. However, profit after tax declined 25% to Rs 4.96 crore, partly due to higher tax expenses. First Published: Sep 08 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Deepa Jewellers were currently trading at Rs 200.75 at 10:10 IST on the BSE, representing a premium of 13.42% as compared with the issue price of Rs 177. The stock debuted at Rs 221.05 on the BSE, a premium of 24.89% over its issue price. So far, the stock has hit a high of Rs 222.10 and a low of Rs 196.10. On the BSE, over 16.99 lakh shares of the company were traded in the counter so far. The initial public offer of Deepa Jewellers was subscribed 42.61 times. Deepa Jewellers' Rs 459.72 crore IPO opened for subscription on 1 September 2026 and closed on 3 September. The issue comprised a fresh issue of shares worth up to Rs 250 crore and an offer for sale of 1,18,48,340 shares worth up to Rs 209.72 crore at the upper price band. The price band was fixed at Rs 168-177 per share, with a lot size of 84 shares. The shares will be listed on the BSE and NSE. The company allotted 77,91,789 shares to anchor investors at Rs 177 per share, raising Rs 137.91 crore ahead of the IPO. Proceeds from the OFS will go to the selling shareholders. The fresh issue will primarily fund the company's working capital requirements, with Rs 215 crore earmarked for procurement, maintenance and scaling up of inventory. Deepa Jewellers is also setting up a 6,696 sq ft in-house manufacturing facility in Hyderabad, which is expected to be operational before the end of H1 FY27. Deepa Jewellers is a Hyderabad-based B2B designer, processor and supplier of 22-carat hallmarked gold jewellery. It operates primarily across southern India and follows an outsourced processing model supported by a network of 41 karigars. The company also undertakes job work and trades in silver ornaments, 18- and 20-carat gold jewellery, precious stones and gold bullion. As of 31 July 2026, the company had 373 customers across 13 states and one Union Territory. Its customer base comprised 47 jewellery retail chains and 326 standalone stores. It had 16 product categories and 110 SKUs. Major customers include Joyalukkas, Kalyan Jewellers and Lalithaa Jewellery Mart. The company sold a total of 1,644 kg of jewellery during FY26. The company's revenue from operations increased 38% to Rs 1,926.68 crore in FY26 from Rs 1,397.01 crore in FY25. Profit before tax increased 158% to Rs 140.33 crore and profit after tax rose 158% to Rs 104.79 crore. First Published: Sep 08 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HLE Glascoat added 1.44% to Rs 341 after the company said that its step-down subsidiary HLE Surface Technologies GmbH has received a contract from FLC Portals Group I/S, Denmark, for supply of vitreous enamel cladding panels. FLC Portals Group I/S, Denmark has been awarded a contract of setting up a tunnel between the German island of Fehmarn and the Danish island of Lolland. The total size of the contract/ order awarded to HST is valued at approximately euro 20.56 million. The said order has to be executed On or before April 2030. HLE Glascoat is engaged in the specialized business of manufacturing chemical process equipment. The companys key product segment has been filtration and drying equipment. The flagship products in this segment are agitated nutsche filters and dryers. The company had reported 81.23% decline in consolidated net profit to Rs 2.77 crore despite a 5.92% rise in revenue to Rs 300.75 crore in Q1 FY27 as compared with Q1 FY26. First Published: Sep 08 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For distribution of Accentrix? (ranibizumab) and Pagenax? (brolucizumab) in India Novartis India has entered into an Exclusive Promotion and Distribution Agreement dated 8 September 2026 with Novartis Healthcare (NHPL). Under the terms of the said Agreement, the Company has been granted the rights to exclusively promote and distribute NHPL's retina portfolio comprising the products Accentrix (ranibizumab) and Pagenax (brolucizumab) for the territory of India. The Agreement is expected to support the Company's entry into the ophthalmology therapy area and expand its commercial portfolio. The upfront consideration payable by the Company to NHPL shall be Rs 10 crore. First Published: Sep 08 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Japanese yen strengthened near a seven month high against the dollar on Tuesday amid increasing expectation that the Bank of Japan is likely to raise its interest rate by a quarter point at its upcoming September meeting. During the G20 summit, US Treasury Secretary Scott Bessent reportedly urged Japan's central bank governor and finance minister to raise interest rates. Yen surged to hit a peak 153.53 yen per dollar in morning trading on Tuesday. This powerful rally marks a sharp reversal from the currency's 40-year lows reached in July. Investors are now awaiting PPI and CPI data later this week for further clues on the Feds policy path. First Published: Sep 08 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 10:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Govt's ?1.1trn defence buys put BEL, HAL, BEML & other stocks in spotlight First Published: Sep 08 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sansera Engineering jumped 3.85% to Rs 4,046.40 after a foreign brokerage initiated coverage on the company with an 'outperform' rating and a target price of Rs 4,954. The brokerage said Sansera's growth engine is set to "take wings", led by its aerospace, defence and semiconductor (ADS) segment. The segment is supported by a strong order book and India's growing emergence as an aerospace manufacturing hub for original equipment manufacturers (OEMs) and Tier-1 suppliers. The ADS business is also margin accretive and generates superior asset turns, which could improve Sansera's overall capital efficiency, the brokerage said. The brokerage expects Sansera's earnings per share (EPS) to more than double over the next three years. It described the company as a potential "2x in three years" story. The brokerage expects the ADS business to scale up rapidly, with revenue projected to increase 4.5 times between FY25 and FY27. The company's order book which represents peak annual revenues for new business excluding ADS stood at Rs 1849.3 crore as on 30 June 2026. The total unexecuted order backlog for the ADS business stood at Rs 4436.8 crore as on 30 June 2026. The brokerage estimated revenue from the segment could reach Rs 1,500 crore annually by FY29, implying a 65% compound annual growth rate (CAGR) over FY26-FY29. Sansera delivered a highest ever revenue during the Q1 FY27 quarter along with stable margins EBITDA and PAT levels. On a consolidated basis, the firm's revenue from operations rose 33% YoY to Rs 1,021.3 crore in Q1 FY27, while EBITDA increased 48% to Rs 196.1 crore and EBITDA margin improved to 19.2% from 17.2%. Profit after tax rose 39% to Rs 87.4 crore, with PAT margin improving to 8.6% from 8.2%. Sansera Engineering is an engineering-led integrated manufacturer of complex and critical precision-engineered components for automotive and non-automotive sectors. In automotive, it manufactures precision-forged and machined components and assemblies for engines, transmissions, suspension, braking and chassis systems across two-wheelers, passenger vehicles and commercial vehicles. Its non-automotive portfolio includes precision components for aerospace, off-road, agriculture, engineering and capital goods segments. First Published: Sep 08 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Petroleum Corporation Ltd has lost 10.16% over last one month compared to 1.76% fall in BSE Oil & Gas index and 3.22% drop in the SENSEX Hindustan Petroleum Corporation Ltd lost 1% today to trade at Rs 353.1. The BSE Oil & Gas index is down 0.5% to quote at 25886.65. The index is down 1.76 % over last one month. Among the other constituents of the index, Indraprastha Gas Ltd decreased 0.81% and Indian Oil Corporation Ltd lost 0.74% on the day. The BSE Oil & Gas index went down 0.11 % over last one year compared to the 5.96% fall in benchmark SENSEX. Hindustan Petroleum Corporation Ltd has lost 10.16% over last one month compared to 1.76% fall in BSE Oil & Gas index and 3.22% drop in the SENSEX. On the BSE, 1370 shares were traded in the counter so far compared with average daily volumes of 4.72 lakh shares in the past one month. The stock hit a record high of Rs 508.45 on 05 Jan 2026. The stock hit a 52-week low of Rs 316.2 on 23 Mar 2026. First Published: Sep 08 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Despite the rally in base metal's prices, Hindustan Copper's stock remains flat so far this year but has gained 115 per cent in the last one year. First Published: Sep 08 2026 | 9:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From FLC Portals Group I/S, Denmark First Published: Sep 08 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From Bharat Petroleum Corporation The twin awards mark a major milestone in ORSL's CBG growth journey, adding approximately 9.8 TPD of aggregate CBG processing capacity, expanding the Company's presence into two new states, and extending its engagement with BPCL through five-year Operations & Maintenance (O&M) mandates. The contracts have been awarded to ORSL's wholly owned subsidiary, Solapur Bioenergy Systems (SBESPL). The projects cover the complete lifecycle of the plantsfrom engineering, procurement and construction through commissioning and long-term operations and maintenance. First Published: Sep 08 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India’s first tokenised corporate bond tests whether a bond already held electronically can gain from a programmable ledger and same-day digital settlement. First Published: Sep 08 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TCS falls 1% as JM Fin expects macro pressures to stay; stock down 30% YTD First Published: Sep 08 2026 | 9:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Secures access to Brazil's 10-year PDP program for Pertuzumab Biocon announced the signing of partnership agreement with Bahiafarma and Bionovis for Pertuzumab in Brazil, marking an important milestone in advancing production and commercialisation of the HER2-positive breast cancer therapy under the country's Productive Development Partnership (PDP) program. The consortium of Biocon, Bahiafarma and Bionovis received 100% allocation under Brazil's 10-year PDP program for Pertuzumab. The PDP provides the consortium exclusive access to Brazil's public healthcare market, which accounts for approximately 70% of the country's demand for Pertuzumab. It also supports the long term adoption of Biocon's product within Brazil's public oncology network. Biocon will receive milestone payments and a share of revenues generated from the Brazil PDP opportunity over a 10-year period. As part of the PDP framework, the product will undergo phased localization in Brazil in the mid to long term. First Published: Sep 08 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 33.81% to Rs 592.09 crore First Published: Sep 08 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 11.54% to Rs 91.98 crore First Published: Sep 08 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 18.03% to Rs 151.67 crore First Published: Sep 08 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty September 2026 futures fell 11 points, indicating a cautious start for the Nifty 50. SEBI has eased compliance requirements for foreign portfolio investors (FPIs) investing exclusively in Indian government securities. Such FPIs will no longer be required to disclose details of their investor group, irrespective of whether they invest through the Fully Accessible Route or General Route. The move follows the RBI's decision to remove concentration limits for FPIs investing in government securities through the General Route and is aimed at reducing compliance burdens and facilitating greater foreign participation in India's government bond market. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 280.13 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 566.76 crore in the Indian equity market on 7 September 2026, according to provisional data. FPIs sold shares worth Rs 15116.06 crore in September so far, through 7 September 2026. This follows net cash purchases of Rs 17,366 crore in August 2026, while they were net buyers of Rs 6,731.97 crore in July 2026. Global Markets: The US stock market was set for a cautious reopening on Tuesday after the Labor Day holiday, with Dow futures down about 323 points amid heightened Middle East tensions. Most Asian markets advanced, but gains were tempered by concerns over rising oil prices. Brent crude climbed above $97 a barrel as tensions around the Strait of Hormuz intensified following US-Iran military confrontations. Iran has threatened tighter controls around the strategic waterway, raising concerns over possible disruptions to global oil supplies. The rise in crude has also strengthened inflation concerns and complicated the Federal Reserve's policy outlook. Markets are pricing in more than a 60% probability of a 25-basis-point Fed rate hike at the September meeting. US inflation data due later this week could influence those expectations. Investors are also watching renewed US-Canada trade tensions. Canada is set to impose retaliatory tariffs on around $20 billion of US goods, while President Donald Trump has threatened to block Bombardier from selling aircraft in the US unless the company manufactures them domestically. Domestic Market: The key equity indices ended with modest losses on Monday, driven by escalating US-Iran tensions and firm crude oil prices. Strong US jobs data also revived expectations of a September Federal Reserve rate hike, while rising US bond yields added pressure on emerging-market equities. Persistent foreign institutional investor selling further weakened sentiment. The market is also facing liquidity pressure from a strong IPO pipeline, with several large issues expected to absorb funds from the secondary market. The Nifty closed below the 23,800 level, dragged by IT and metal shares. However, pharma and consumer durables shares were in demand. The S&P BSE Sensex declined 382.62 points or 0.50% to 76,132.81. The Nifty 50 index lost 118.55 points or 0.50% to 23,779.15. First Published: Sep 08 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 08 2026 | 8:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Equitas Small Finance Bank (SFB) announced that its board has approved the appointment of Sivaraman K as Head-Operations and designated him as Senior Management Personnel (SMP), effective 7 September 2026. Sivaraman brings over 30 years of extensive banking experience, with significant leadership expertise across endto-end banking operations, process transformation, regulatory compliance, governance and operational excellence. Prior to joining the Bank, he served as Senior General Manager & Head Banking Operations Group at South Indian Bankwhere he led a large nationwide operations function covering branch operations, liabilities and assets operations, payments and settlements, trade finance, reconciliation, currency chest and ATM management, along with a broad range of retail and para-banking support services. Equitas Small Finance Bank is a small finance bank that offers a wide range of products and services tailored to meet the financial needs of its diverse customer base. The bank caters to individuals with limited access to formal financing channels, affluent and mass-affluent customers, Small & Medium Enterprises (SMEs) and corporates. The small finance bank reported a consolidated net profit of Rs 183.60 crore in Q1 FY27, compared with a net loss of Rs 223.76 crore in Q1 FY26. Total income rose 14.17% year on year to Rs 2,215.49 crore in Q1 FY27. The scrip rose 0.48% to settle at Rs 73.35 on Monday. 7 September 2026. First Published: Sep 08 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty 50 today: FIIs net sold index futures in all nine trading sessions thus far in the September series, shows NSE data. First Published: Sep 08 2026 | 8:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Global oil benchmark Brent crude has rallied this month but stayed below $100 a barrel despite recent escalation in the US-Iran conflict that has disrupted Gulf exports from the Strait of Hormuz and the Red Sea. Crude oil shipments from West Asia producers are at about 11 million barrels per day (bpd) now, from 18 million bpd before the Iran war began seven months ago, according to Argus. SIGNIFICANT VOLUMES HAVE BEEN ABLE TO FLOW THROUGH HORMUZ In the week before fighting erupted again on August 30, roughly 8 million to 9 million bpd had ?been flowing through Hormuz, double the previous week's volume, said Rystad Energy's Chief Economist Claudio Galimberti. While flows have since fallen to below 2 million bpd, the daily moving average is still around 4 million to 5 million barrels which puts Brent at a "fair" price of $95, Galimberti said. Industry estimates put daily exports between 6 million and 8 million barrels. There has been no visible very large crude carrier exiting the strait since September 2, Kpler data showed on Monday. During the interim US-Iran peace deal in July, Hormuz exports touched pre-war levels of 16 million bpd. GULF EXPORTERS ARE USING ALTERNATIVE ROUTES AND MEANS Gulf producers have found alternative routes and are expected to continue sending cargoes for ship-to-ship transfers outside of Hormuz, mitigating some of the earlier shortfall. Saudi Aramco resumed loadings from its Ras Tanura port inside the Gulf in August, although its exports from Yanbu in the Red Sea remain under pressure from a naval blockade by the Iran-aligned Yemeni Houthis. Yanbu exports hit a six-month low of 1.429 million bpd in August, from an average of 3.9 million bpd in the previous three months, provisional Kpler data showed. Exports from the alternative port of Egypt's Sidi Kerir hit 2.139 million bpd in August, more than double June volumes. Exports ?from No. 2 OPEC producer Iraq rebounded in August to around 2.34 million bpd. Shipments from the United Arab Emirates hovered around 2.9 million bpd in August and July after hitting a record in June, Kpler data showed. Kuwaiti crude exports have recovered to about 1 million bpd in July and August. However, Iran's oil exports have fallen sharply due to the US blockade. OTHER PRODUCERS ARE STEPPING UP Non-OPEC producers including the US, Canada and Guyana are set to increase output by a combined 1.4 million bpd this year, according to Jarand Rystad, founder of Rystad Energy, partly filling the shortfall. Meanwhile, Russian crude exports held steady at about 5.5 million bpd in July and August, down from the 6.4 million bpd peak in June, but still 23% higher than February as processing at Russian refineries has fallen due to damage to Russian plants from Ukrainian attacks, Kpler data showed. However, Russia has downgraded its 2026 oil output forecast to a 17-year low, which may reduce its exports. DEMAND DESTRUCTION IS SIGNIFICANT Demand destruction in petrochemicals and transportation fuels remains significant in the third quarter at 3.5 million bpd, versus 4.5 million bpd in ?the second quarter, with China accounting for more than half of that due to rising transport electrification and coal-based chemicals, Rystad said. Top importer China, dubbed the "new demand OPEC" for its market influence, slashed seaborne crude shipments to 7 million bpd in July and August, from over 11 million bpd in February. Beijing's vast reserves, estimated by Kpler at 1.7 billion barrels, have also given ?markets comfort. PHYSICAL MARKETS TELL A DIFFERENT STORY Spot premiums have rebounded to April levels with Dubai and Oman at $19 to $20 a barrel above Dubai quotes for cargoes loading in November, Reuters data showed. ?Oman futures were at $104.54 a barrel on Monday while cash Dubai traded at $105.10 a barrel. "At the moment, it's telling us that physically things are incredibly tight," said David Fyfe, chief economist at Argus. "We've already got prices substantially above $100 a barrel and even more important, you've got a diesel market that is screaming shortage." The recent US-Iran escalation is expected ?to curb Gulf exports while demand rises as refiners ramp output of diesel, which has hit a record high price in the US ANALYSTS LIFT FORECASTS Several banks have raised their Brent price forecasts, including Morgan Stanley which expects prices averaging $100 a barrel in the fourth quarter. Goldman Sachs raised its Brent and West Texas Intermediate forecasts by $5 a barrel for December ?2026 and 2027, citing an expectation that West Asia shipping disruptions will persist into next year. It now forecasts Brent at $85 a barrel and WTI at $80 for December 2026, and 2027 prices at $80 and $75 a barrel, respectively. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 08 2026 | 8:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The yen surged on Tuesday, while Asian markets struggled for direction as a mixed batch of regional economic data and fresh Iranian threats in the Persian Gulf drove oil prices and bond yields higher. Japan's Nikkei 225 fluctuated between gains and losses before edging up 0.2 per cent, as the yen jumped ?as much as 0.6 per cent to 153.51, its strongest level since February 18. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent, led by a 1.2 per cent gain in the KOSPI. S&P 500 e-mini futures were down 0.1 per cent after a holiday in the US on Monday. "While US Labor Day made for a somewhat quieter start to the week for trading volumes, the weekend's tit-for-tat strikes between the US and Iran continued to put upward pressure on oil prices, acting as a drag on risk sentiment more broadly," Westpac analysts said. Oil prices moved higher for a third day as trading resumed in Asia, with Brent crude futures edging up 0.04 per cent to $97.04 a barrel, ?after hitting a six-week high on Monday after Iran threatened to retaliate against any new attacks by targeting energy infrastructure across the Gulf, including US oil and gas interests. The yield on the US 10-year Treasury bond was up 0.6 basis points at 4.788 per cent. Traders are still pricing an implied 60 per cent probability of a 25-basis-points hike at its next two-day meeting on September 16, according to the CME Group's FedWatch tool, about the same chance as a week ago. The US dollar index, which measures the greenback's strength against a basket of six currencies, was trading around a two-week low of 98.82. On the ?broader economic front, the growth picture appeared mixed as data released Tuesday blew hot and cold. Japan's economy grew faster than initially estimated in the April-June quarter from the previous three months, supported by ?business spending, revised data showed on Tuesday, but the figure still lagged analysts' forecasts. Meanwhile, data showed Japanese ?real wages rose 2.4 per cent in July from a year earlier, marking the biggest increase since May 2021. "With wage growth going from strength to strength, the case for the Bank of Japan to ?hasten the pace of tightening is becoming increasingly compelling," Capital Economics analysts wrote in a research report. Over in Australia, shares slumped 0.6 per cent after a measure of local consumer sentiment fell sharply in ?September. Gold was up 0.5 per cent at $4,428.23, while in cryptocurrencies, bitcoin nudged 0.1 per cent higher to $79,333.01, while ether climbed 0.2 per cent to $2,498.94. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 08 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 08 2026 | 8:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aster DM, SPARC among 3 stocks looking strong on tech charts, says Geojit First Published: Sep 08 2026 | 7:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tech stock picks: Kotak Sec is bullish on Godrej Agro & one more stock First Published: Sep 08 2026 | 7:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to extend losses at open on Tuesday. Asian markets were trading on a mixed note. First Published: Sep 08 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: Asian Paints, Swiggy, RBL Bank, BoB & defence shares First Published: Sep 08 2026 | 7:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 07 2026 | 10:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 07 2026 | 9:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 07 2026 | 8:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 07 2026 | 8:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 07 2026 | 8:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gopal Jain, Chief executive officer and managing director, Gaja Capital This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gopal Jain, Chief executive officer and managing director, Gaja Capital This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PVR First Published: Sep 07 2026 | 7:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PVR First Published: Sep 07 2026 | 7:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 07 2026 | 6:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shalibhadra Finance announced the expansion of its loan products with the launch of Used Commercial Vehicle (UCV) Financing division. This new product line will offer two core services: First Published: Sep 07 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aarti Industries announced the successful commissioning of Phase I of its Zone IV project at Jhagadia, Gujarat, marking an important milestone in the Company's ongoing growth and expansion journey. Phase I brings together Calcium Chloride, PEDA (2-Phenyl Ethyl Diethyl Aniline) and a part of its Multipurpose Plant (MPP), creating complementary capabilities in downstream integration, diversified end-use applications, and flexible multi-product manufacturing. The platform is designed to support the commercialisation of high-value and niche products, with several products planned from Zone IV expected to be manufactured in India for the first time. PEDA extends AIL's existing Ethylation platform further downstream, building on the Company's established 2,6-Diethyl Aniline capabilities and strengthening its participation in value-added products catering primarily to agrochemical applications. The Calcium Chloride facility strengthens AIL's Energy & Additives portfolio, with applications across sectors including oilfield and energy-related markets. The Multipurpose Plant provides a flexible manufacturing platform to scale pilot-validated processes into commercial production across multiple products and advanced chemistries, enabling faster response to evolving customer and market requirements. With Phase I commissioning now completed, AIL's focus will progressively shift towards commercial qualification, customer approvals and disciplined ramp-up of the newly commissioned assets. First Published: Sep 07 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 07 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 07 September 2026 The board of Rajputana Stainless at its meeting held today i.e. 7 September 2026 has approved to award a contract of 2.10 MW wind power project to Suzlon Energy in the State of Gujarat to set-up 1 No. of Suzlon make S120_140_2100kW capacity wind turbine generator at Jamjodhpur site in the state of Gujarat. The company also approved award of contract of 8MWp DC Solar Project at Banaskatha site in the state of Gujarat to Prozeal Green Energy, Ahmedabad. These projects will cater to the captive power needs of Rajputana Stainless. First Published: Sep 07 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 07 2026 | 6:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 07 2026 | 6:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 07 2026 | 6:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Consequent to the aforesaid allotment, the paid-up equity share capital of the Company stands increased from Rs 7,36,54,00,608 divided into 3,68,27,00,304 equity shares of Rs 2/- each to Rs 7,36,55,78,704 divided into 3,68,27,89,352 equity shares of Rs 2/- each. First Published: Sep 07 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 07 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators slightly add to net shorts in Pound futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net short position of 49575 contracts in the data reported through September 01 2026. This was a weekly increase of 5051 net short contracts. First Published: Sep 07 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dream City Builders (formerly known as Garuda Arabia), a wholly owned subsidiary of Garuda Construction and Engineering, has entered into a Memorandum of Understanding (MoU) with M/s. Almasarat Company in connection with the proposed construction and development of a 93-storey landmark tower in Jeddah, Kingdom of Saudi Arabia. The project is expected to garner revenue of Rs 1,800 crore over the five year construction period. Envisioned as a distinctive 360-degree twisting tower, the development is proposed to feature panoramic sea views, a five-star hotel comprising approximately 350 rooms across the lower 14 floors, and a diamond-shaped rooftop restaurant on the 93rd floor. Dream City Builders is expected to undertake the complete Engineering, Procurement and Construction (EPC) scope for the project, including construction, finishing and handover. First Published: Sep 07 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 07 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(i)Replacement of over aged catenary wire & contact wire and droppers (Durgapur - Sitarampur) (ii)Replacement of overage old structures in Panagarh - Waria section of ASN Division. The bid project cost is Rs 54.74 crore. First Published: Sep 07 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HUL has expanded its operating profit margin guidance to 22-24 per cent from 21.5-23.5 per cent This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 12.78 crore shares as against 2.24 crore shares on offer. The issue opened for bidding on 7 September 2026 and will close on 9 September 2026. The price band of the IPO is fixed between Rs 118 and 124 per share. An investor can bid for a minimum of 120 equity shares and multiples thereof. The offer comprises a fresh issue of equity shares of Rs 10 each aggregating to Rs 316 crore and an offer for sale of 2856869 equity shares by BioUrja India Infra, an investor selling shareholder. Of the net proceeds from the fresh issue, the company intends to use Rs 145.718 crore towards funding costs for obtaining government and statutory approvals, purchasing additional FSI as per applicable laws, and providing compensation to members towards alternate accommodation and hardship compensation in relation to certain under-construction and upcoming redevelopment projects; Rs 91.5 crore towards the prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the company; and the balance towards general corporate purposes. Pranav Constructions is a Mumbai-focused real estate developer specializing in pure-play redevelopment projects, primarily in the western suburbs of the MCGM region. The company operates across economical, mid and mass, and aspirational housing segments under the PCPL brand. As of March 2026, it had 65 redevelopment projects across the MCGM region, including completed, under-construction and upcoming projects. Ahead of the IPO, Pranav Constructions on Friday, 04 August 2026, raised Rs 84.24 crore from anchor investors. The board allotted 67.94 lakh shares at Rs 124 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 71.32 crore and sales of Rs 761.60 crore for the twelve months ended on 31 March 2026. First Published: Sep 07 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 07 2026 | 5:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HFCL snaps 4-day losing streak, hits 5% upper circuit; stock up 252% YTD First Published: Sep 07 2026 | 10:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Phychem Technologies traded at Rs 56.90 on the BSE, a 5.37% premium to the issue price of Rs 54. The counter hit a high of Rs 58.50 and a low of Rs 54.50. About 11.20 lakh shares of the company changed hands at the counter. Phychem Technologies' IPO was subscribed 19.38 times. The issue opened for bidding on 31 August 2026 and it closed on 2 September 2026. The price band of the IPO was fixed between Rs 51 to Rs 54 per share. The IPO comprised fresh issue of 19,38,000 equity shares. The company intends to utilize the net proceeds from the issue towards part funding the capital expenditure towards setting up a new facility for manufacturing of sodium meta bisulphite, sodium bisulphite powder and ammonium bisulphite situated at Bavla, Ahmedabad, Gujarat and general corporate purposes Ahead of the IPO, Phychem Technologies on 28 August 2026, raised Rs 4.11 crore from anchor investors. The board allotted 7.62 lakh shares at Rs 54 each to 4 anchor investors. Phychem Technologies manufactures rotational molding compounds used as key raw materials for hollow plastic products. Its portfolio mainly includes customized polyethylene-based compounds made from Linear Low-Density Polyethylene (LLDPE), High-Density Polyethylene (HDPE) and specialty additives. The company serves industries including construction, water management, agriculture, automotive and consumer products, and exports to several countries across Asia, Africa, Europe and the Middle East. The company recorded revenue from operations of Rs 56.46 crore and net profit of Rs 4.08 crore for financial year ended 31 March 2026. First Published: Sep 07 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Purple Style Labs were currently trading at Rs 573 at 10:10 IST on the BSE, representing a discount of 0.35% as compared with the issue price of Rs 575. So far, the stock has hit a high of Rs 588.10 and a low of Rs 516. On the BSE, over 3.55 lakh shares of the company were traded in the counter so far. Purple Style Labs was subscribed 1.29 times. The issue opened for bidding on 31 August 2026 and closed on 2 September 2026. The price band of the IPO is fixed between Rs 546 and 575 per share. The IPO was entirely a fresh issue of shares worth Rs 680 crore. At the upper price band of Rs 575, the fresh issuance comprised 1,18,26,087 shares. There was no offer for sale (OFS) component. The funds raised to the tune of Rs 371.12 crore were used towards investment in the companys wholly owned subsidiary, PSL Retail, for expenditure towards lease liabilities of experience centers and back-end offices in India. Rs 138.9 crore was utilised towards funding sales and marketing expenses incurred by the company, while the balance was used for general corporate purposes. Ahead of the IPO, Purple Style Labs (PSL) on Friday, 28 August 2026, raised 305.99 crore from anchor investors. The board allotted 53.21 lakh shares at Rs 575 each to 10 anchor investors. Purple Style Labs (PSL) is a multi-brand luxury omni-channel fashion platform operating under Pernias Pop-Up Shop (PPUS), offering a curated portfolio of luxury fashion products across womenswear, menswear, jewellery, accessories and kidswear, with a focus on wedding and occasion wear. PSL operates through an omni-channel business model comprising experience centers, its website, mobile application, telephonic and digital sales channels, events and exhibitions. As of 31st March 2026, PSL sources products from 1,109 active designer brands, including Seema Gujral, Anushree Reddy, Amit Aggarwal and Rohit Gandhi & Rahul Khanna. The company operated 14 experience centres globally as of 31 March 2026, with 12 located in India and one each in London, UK, and New York, USA. The firm reported a consolidated net loss of Rs 285.40 crore and sales of Rs 557.84 crore for the twelve months ended on 31 March 2026. First Published: Sep 07 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PVR Inox share price plunged 8% in Monday's intra-day trade. First Published: Sep 07 2026 | 10:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Texmaco Rail & Engineering rose 5.07% to Rs 121.87 after the company announced orders worth a combined Rs 131.36 crore. Touax Texmaco Railcar Leasing awarded a Rs 106.88-crore order for the manufacture and supply of four rakes of BFNS22.9 wagons along with four BVCM wagons. The order is to be completed by 26 May 2027. Texmaco Rail & Engineering is one of the promoters of Touax Texmaco Railcar Leasing. The company said there is no conflict of interest and the transaction has been carried out on an arm's-length basis. Separately, the company also appointed Shibu Mathews as its chief financial officer with effect from 5 September 2026. Mathews is a chartered accountant with 26 years of experience in finance leadership roles across companies including MRF, Bharti Airtel and ITC. His areas of expertise include corporate treasury, financial planning and strategy, business finance, risk management, working capital, capital allocation and internal controls. Texmaco Rail & Engineering is an engineering and infrastructure company that is primarily engaged in manufacturing railway wagons, coaches, and locomotives, as well as providing related services. On a consolidated basis, the company's net profit rose 66.86% to Rs 50.04 crore while net sales declined 16.90% to Rs 756.68 crore in Q1 June 2026 over Q1 June 2025. First Published: Sep 07 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
During the day, ESDS shares hit the 20% upper circuit at ?908.40, up 111.5 per cent from the issue price. First Published: Sep 07 2026 | 10:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian tech shares rallied on Monday as the robust US jobs report was seen as positive for global growth even as it narrowed the odds on a rise in interest rates, while oil edged higher after the US and Iran attacked ships in the Gulf. Tehran said it will announce a restricted zone outside the Strait of Hormuz in coming days, after US forces hit three Iranian tankers and Iran's Islamic Revolutionary Guard Corps launched ballistic missiles at two US Navy ships. As a result, Brent added 0.7 per cent to reach $96.97 a barrel, having climbed ?almost 8 per cent last week, while US crude rose 0.8 per cent to $92.24 a barrel. That's not good news for diesel prices, which hit record highs last week. That's the fuel that matters most for transport, shipping, farming and manufacturing. That inflationary impulse raises the stakes for a key reading of US consumer prices this week, and is a major reason the European Central Bank is seen as certain to lift rates to 2.75 per cent on Thursday. Futures also imply a 75 per cent chance of another hike to 3.0 per cent by December. The risk of hawkish guidance from the ECB after the rate hike is likely to keep European stocks on edge on Monday. EUROSTOXX 50 futures, DAX futures and FTSE futures were all down 0.1 per cent. On Wall Street, a US holiday kept turnover light with both S&P 500 futures and Nasdaq futures a fraction lower. A key focus this week is the US August CPI report on Friday where median forecasts are for a rise of 0.2 per cent in the core, with a risk of 0.3 per cent. In Asia, enthusiasm for tech stocks saw Japan's Nikkei rebound 2.2 per cent, after losing a similar amount last week, while South Korea rallied 3.1 per cent. Some traders pointed to an uber-bullish outlook from Goldman Sachs ?predicting a further 75 per cent rise in the Kospi to 12,000, though that has been a long-standing call. Chinese blue chips added 0.2 per cent, with some relief that China's finance ministry will lead a combined $54 billion capital injection into state-owned insurers and banks. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 1.1 per cent. Rising bond yields remain a drag for equity valuations, with Treasury 10-year yields near their highest since late 2023 at 4.7840 per cent. A high CPI reading would likely see yields edge closer to the psychological 5.0 per cent barrier. For the Federal Reserve, last week's upbeat payrolls report has left markets pricing a 58 per cent chance of a hike when it meets on September 16, and 70 per cent for a move in October. Bruce Kasman, global head of economics at JPMorgan, is looking for core CPI to rise 0.21 per cent which he thinks would be low enough to keep the Fed on hold, if only for now. Likewise, markets are pricing in a 75 per cent chance the Bank of Japan will raise rates a quarter point at its meeting on September 18, with a 60 per cent probability ?of another move by December. "We forecast two more hikes from the ECB and BoJ before year-end," he added. "There is also a strong case for the Fed to move earlier and more aggressively than our baseline ?forecast for a December hike." In currency markets, the dollar index got only a mild lift from the jobs report as worries about ever-growing US debt and policy uncertainties erode the ?purchasing power of the currency. President Donald Trump caused a stir on Friday when he posted a warning that he would cease international trade with countries running a trade surplus with the United States if the Fed did not slash interest rates as he wanted. The dollar index stood at 99.135, not far from recent lows of ?98.558. The euro held at $1.1610, within sight of the August top of $1.1711. The single currency had political troubles of its own as the far-right Alternative for Germany (AfD) surged into first place in state elections in Saxony-Anhalt on Sunday, though it was still short of a majority. The dollar was a tick easier at 156.11 yen, and still threatening ?major support at 155.00 after losing 2.4 per cent last week as the yen rallied on speculation about a more aggressive BoJ tightening. In commodities, gold slipped 0.5 per cent to $4,406 an ounce, after finding support at $4,282 last week. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 07 2026 | 10:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indoco Remedies declined 2.54% to Rs 255.40 after the U.S. Food and Drug Administration (USFDA) had inspected the company's manufacturing facility at Plant II (Sterile) located at Goa The company said it will submit its response to the USFDA within the stipulated timeframe. Indoco Remedies is a fully integrated, research-oriented pharmaceutical company with a strong global presence. It develops and manufactures a wide range of pharmaceutical products for the Indian and international markets. Top Indoco brands include Cyclopam, Febrex Plus, ATM, Rexidin M, Karvol Plus, Oxipod, Cital, Sensodent-K, Cital-Uti, Dropizin, Homide, Dentogel, Oxipod CV, Turbocort, Febrex, Cloben G, Tuspel LS, Noxa, MCBM 69, etc. The company reported a consolidated net profit of Rs 64.99 crore in Q1 FY27 as against a net loss of Rs 35.79 crore in Q1 FY26. Revenue from operations rose 8.43% year on year to Rs 466.22 crore in the first quarter of FY27 from Rs 430.86 crore in the corresponding quarter last year. First Published: Sep 07 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style makes weak debut, lists at 7% discount on NSE First Published: Sep 07 2026 | 10:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On Friday, the rupee settled higher by 8 paise at 94.43 against the US dollar. The rupee traded in a narrow range and appreciated 4 paise to 94.39 against the US dollar in early trade on Monday, as the support from strong FCNR-related dollar inflows was negated by elevated crude oil prices amid persistent global headwinds. Forex traders said the rupee continues to draw strength from the robust liquidity wave, but renewed military strikes have driven Brent crude toward $97 per barrel, reigniting fears over Middle Eastern energy supply disruptions. At the interbank foreign exchange market, the rupee opened at 94.40 against the US dollar, then touched 94.39, registering a gain of 4 paise from its previous close. On Friday, the rupee settled higher by 8 paise at 94.43 against the US dollar. "The rupee entered the week on a stronger footing, supported by heavy FCNR-related dollar inflows. However, the global backdrop remains a challenge. 94.0094.20 remains the key support zone. If global headwinds intensify, USDINR could move back towards 95.00, 95.50 and eventually 96.00," CR Forex Advisors MD Amit Pabari said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.18, higher by 0.01 per cent on safe-haven demand amid renewed US-Iran tensions. Brent crude, the global oil benchmark, was trading higher by 0.80 per cent at $97.05 per barrel in futures trade, amid escalating US-Iran tensions and fears of disruption to oil flows through the Strait of Hormuz. Fresh strikes between both sides have pushed Brent crude closer to $97 per barrel, reviving concerns over energy supplies from the Middle East, Pabari said, adding that for India, higher oil prices rarely arrive alone. They usually bring along a larger import bill, stronger dollar demand and renewed pressure on the rupee. On the domestic equities market front, Sensex dropped 172.77 points to 76,342.66 in early trade, while the Nifty declined 63.30 points to 23,832.60. Foreign institutional investors (FIIs) offloaded equities worth ?3,111.94 crore on a net basis on Friday, according to exchange data. India's forex reserves jumped $11.475 billion to a new all-time high of $740.803 billion during the week ended August 28, the RBI said on Friday. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 07 2026 | 9:53 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In addition, foreign currency assets (FCA), the largest component of reserves, increased by $9.337 billion during the week to $600.67 billion. Moreover, gold reserves rose by $2.191 billion on the week to $116.409 billion. India's Special Drawing Rights (SDRs) with the International Monetary Fund stood at $18.81 billion, down $43 million from the previous week. The country's reserve position with the IMF decreased by $11 million during the week to $4.914 billion. First Published: Sep 07 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty September 2026 futures fell 31 points, indicating a cautious start for the Nifty 50. Sentiment is likely to remain under pressure amid elevated crude oil prices, renewed US-Iran tensions and rising expectations of a Federal Reserve rate hike in September following stronger-than-expected US jobs data. The NSE has revised its equity pre-open session rules from 7 September 2026, while retaining the overall 9:00 am to 9:15 am window. Under the new framework, market and limit orders can be placed, modified or cancelled between 9:00 am and 9:05 am, while only limit orders are allowed from 9:05 am to 9:10 am. Order matching and opening price determination will take place from 9:10 am to 9:12 am, followed by a buffer period until 9:15 am before continuous trading begins. The changes are aimed at making the opening auction more structured and strengthening price discovery, in line with principles used for the Closing Auction Session. Market orders receive priority during matching, with eligible market orders matched first before residual market orders are matched with limit orders. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 3,111.94 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 8,930.12 crore in the Indian equity market on 4 September 2026, according to provisional data. FPIs sold shares worth Rs 8402.61 crore in September so far, through 4 September 2026. This follows net cash purchases of Rs 17,366 crore in August 2026, while they were net buyers of Rs 6,731.97 crore in July 2026. Global Markets: Most Asian stocks advanced on Monday, 7 September 2026, after a stronger-than-expected US jobs report boosted optimism over global growth. However, the data also increased expectations of a Federal Reserve rate hike in September. At the same time, rising oil prices and fresh US-Iran tensions kept investors cautious. US cash equity markets will remain closed on Monday for the Labor Day holiday. Regular trading will resume on Tuesday. US stock futures were down 147 points in early Asian trade. Wall Street ended lower on Friday after the stronger-than-expected jobs report revived concerns over the Fed's interest-rate outlook. The Dow Jones Industrial Average fell 0.51%, while the S&P 500 declined 0.38% and the Nasdaq Composite shed 0.29%. The US Labor Department reported that nonfarm payrolls increased by 162,000 in August, well above economists' expectations for a 56,000 rise. The unemployment rate remained at 4.1%. The labour-force participation rate edged up to 61.6%. Payroll gains for June and July were also revised higher by a combined 55,000. The strong employment data strengthened expectations of a Fed rate hike at its 15-16 September meeting. Attention will now shift to US inflation data due later this week. The August consumer price index report, scheduled for Friday, could provide further clues on the Fed's policy path. A stronger inflation reading could reinforce expectations of a rate hike, while softer data could support the case for keeping rates unchanged. Oil prices moved higher as tensions between the US and Iran escalated over the weekend. Brent crude rose to around $96.80 a barrel. The latest escalation followed US strikes on three Iranian oil tankers. Iran's Islamic Revolutionary Guard Corps said it had targeted three tankers and several US-linked vessels in retaliation. Iran also indicated that it plans to establish a restricted zone outside the Strait of Hormuz. The claims regarding the Iranian attacks have not been independently verified. The developments have raised concerns over possible disruptions to oil shipments through the Strait of Hormuz, a critical route for global energy supplies. The rise in crude prices is also adding to inflation concerns at a time when major central banks are reassessing their interest-rate paths. Investors are also watching the European Central Bank, which is widely expected to raise its policy rate to 2.75% this week. Domestic Market: The key equity benchmarks ended with modest gains on Friday, snapping a four-session losing streak. The rebound was supported by positive Asian cues and easing US Treasury yields, as expectations of an imminent Federal Reserve rate hike moderated. The Nifty settled near the 23,900 level, while the Sensex also closed above 76,500 mark. Gains were led by metal and private banking stocks. Hoewver, investors remained cautious ahead of the US nonfarm payrolls report due later on Friday. The S&P BSE Sensex jumped 362.57 points or 0.48% to 76,515.43. The Nifty 50 index added 24.25 points or 0.10% to 23,897.70. In the past four sessions, the Sensex and the Nifty declined 1.44% and 1.25%, respectively. First Published: Sep 07 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Inox Wind, Kaynes Technology, LIC Housing Finance and SAIL barred from fresh F&O positions on 7 September 2026. Stocks to Watch: Tata Motors has announced that its subsidiary, TML CV Holdings B.V., has launched a tender offer to acquire Italian commercial vehicle manufacturer, Iveco Group at EUR 14.1 per common share in cash. The acceptance period for the offer will run from 7 September 2026 to 26 October 2026. Mazagon Dock Shipbuilders has received an order from Maharashtra State Electricity Transmission (MSETCL) for the supply, installation and commissioning of an AI-based Comprehensive Infrasecure Project for five substations. The order is valued at Rs 117.99 crore, including GST and other applicable duties. Brigade Enterprises has announced its strategic expansion in Hyderabad with the launch of Brigade Barcelona in Neopolis, with an estimated revenue potential of Rs 2,700 crore. The project, acquired through an outright purchase, will be developed across 4.04 acres and will comprise more than 650 residential units. Brigade Barcelona will offer spacious 3 BHK and 4 BHK apartments, targeting demand for premium housing among urban homebuyers. Rail Vikas Nigam (RVNL) has received Letter of Award from SJVN Thermal for the construction of a permanent siding along with an aerial track connection for the Buxar Thermal Power Project in Bihar. The contract is valued at Rs 903 crore and is scheduled to be completed within 36 months. Cohance Lifesciences said that the United States Food and Drug Administration (US FDA), post an inspection, has issued a Form FDA 483 with four observations to the company's formulation (FDF) plant located at Telangana. JSW Steel said that its consolidated crude steel production for the month of August 2026 at 24.65 lakh tonnes, which is higher by 3% as compared with the figure of 23.82 lakh tonnes posted in August 2025. While production of Indian Operations increased by 4% to 23.87 lakh tonnes, JSW Steel USA Ohio has, however, registered 11% fall in production volumes to 0.78 lakh tonnes in August 2026 over August 2025. Lupin has received approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application (ANDA) for Modafinil Tablets USP, 100 mg and 200 mg. Molbio Diagnostics reported a consolidated net profit to Rs 58.74 crore in Q1 FY27 compared with net loss of Rs 23.71 crore in Q1 FY26. Revenue from operations surged 309.6% YoY to Rs 408.37 crore in Q1 FY27. First Published: Sep 07 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 309.57% to Rs 408.38 crore First Published: Sep 07 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 07 2026 | 8:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Crypto vs Gold vs Equities: Where should investors put money? First Published: Sep 07 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Can gold & crypto sustain recent momentum amid looming US Fed rate hikes? First Published: Sep 07 2026 | 8:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Base metals playbook: Stock selection key for investors as easy gains fade First Published: Sep 07 2026 | 8:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fujiyama Power Systems announced that its board has entered into a compulsorily convertible debenture (CCD) subscription agreement with its associate company, Zayo Energy (ZEPL), aggregating to Rs 5 crore. The proposed investment is expected to facilitate backward integration, strengthen Fujiyama Power Systems' value chain and create operational and strategic synergies between the two companies. Under the agreement, the company will subscribe to 833 CCDs at a value of Rs 60,093 per debenture, including a face value of Rs 10 and a premium of Rs 60,083, aggregating to Rs 5,00,57,469. The acquisition and allotment of the CCDs are expected to be completed within 60 days from the date of approval. Fujiyama Power Systems currently holds a 50% stake in ZEPL. The company's shareholding is expected to change following the conversion of the CCDs into equity share capital in accordance with the agreed terms and conditions. Fujiyama Power Systems is a rooftop solar solutions provider offering an extensive portfolio across solar panels, inverters, lithium and tubular batteries, chargers and power-electronics systems. The companys consolidated net profit declined 14.50% to Rs 57.79 crore in Q1 FY27, compared with Rs 67.59 crore in Q1 FY26. Net sales surged 125.28% YoY to Rs 1,345.69 crore in Q1 FY27. The counter rose 0.10% to settle at Rs 429.40 on the BSE. First Published: Sep 07 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Choice Broking is bullish on ACME Solar and two other stocks; details here First Published: Sep 07 2026 | 8:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brigade Enterprises has announced its strategic expansion in Hyderabad with the launch of Brigade Barcelona in Neopolis, with an estimated revenue potential of Rs 2,700 crore. Neopolis has emerged as one of Hyderabads most promising luxury residential markets. Its proximity to the Financial District, Gachibowli and HITEC City, along with strong road connectivity and the rapid development of social infrastructure, has made it a preferred choice for homebuyers looking for larger, premium homes. Amar Mysore, executive director, Brigade Enterprises, said, "Our continued expansion in Hyderabad reflects our strong confidence in the citys economic momentum and the depth of its real estate market. Hyderabad has evolved into one of Indias most compelling growth markets, supported by its strong corporate ecosystem of IT and Global Capability Centres, infrastructure development and a growing base of discerning homebuyers. We are also seeing increasing demand for well-designed, premium homes in established and emerging micro-markets, particularly in the western corridor. Neopolis, with its strategic location and rapid transformation, is a strong example of this evolution." Brigade Enterprises is one of Indias leading property developers. The company has developed properties in cities like Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru, and Chikkamagaluru with developments across residential, office, retail, and hotels. The companys consolidated net profit climbed 16.14% YoY to Rs 174.07 crore in Q1 FY27, compared with Rs 149.88 crore in Q1 FY26. Net sales declined 12.93% YoY to Rs 1,115.55 crore from Rs 1281.14 crore in Q1 FY26. The counter declined 2.38% to settle at Rs 696 on the BSE. First Published: Sep 05 2026 | 10:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mazagon Dock Shipbuilders has received an order from Maharashtra State Electricity Transmission (MSETCL) for the supply, installation and commissioning of an AI-based Comprehensive Infrasecure Project for five substations. The project will involve deployment of AI-based infrastructure security solutions across the identified substations, covering the supply and installation of the required systems and their subsequent commissioning. Mazagon Dock Shipbuilders is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The companys consolidated net profit jumped 21.51% to Rs 549.41 crore on 12.08% increase in net sales to Rs 2942.7 crore in Q1 FY27 over Q1 FY26. The scrip rose 0.16% to end at Rs 2,477 on the BSE. First Published: Sep 05 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 1.99% to Rs 19.17 crore First Published: Sep 05 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 49.68% to Rs 1446.42 crore First Published: Sep 05 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Belgian Prime Minister Bart De Wever took an apparent swipe at US President Donald Trump over the latter's "arbitrary" tariff decisions and shifting trade policies, stressing the need for open markets and stronger economic partnerships. Speaking at the India-Belgium High-Level Dialogue on the India-EU Free Trade Agreement in Mumbai as part of his three-day official visit to India on Friday, De Wever cautioned against growing calls for protectionism, saying some countries were increasingly advocating barriers, closed markets and tariffs. "More and more voices today are calling for barriers to go up, for markets to be shut off, for tariffs to be imposed. Some do this entirely arbitrarily. They decide something on Monday, they revoke it on Wednesday, and they reinstall it on Saturday," De Wever said. As applause broke out among those in attendance, Wever made a witty remark, "Your applause tells me you know who I am talking about." He also distinguished between arbitrary trade restrictions and what he described as deliberate efforts to distort markets. "But others take a different approach and set out deliberately and structurally to distort markets," the Belgian Prime Minister said. Although De Wever did not name Trump directly in the quoted remarks, his comments came in the context of questions about the US President's trade policies, including his use of tariffs and changing Washington's positions on international trade. The Belgian leader's remarks underscored his call for predictable and rules-based trade at a time when global markets are facing increased geopolitical and economic uncertainty. During his address, De Wever also praised Prime Minister Narendra Modi, describing him as one of the world's most inspiring leaders. "It was an honour to meet Prime Minister Modi. I consider him to be one of the most inspiring world leaders we have," De Wever said. Reflecting on the current geopolitical environment, he said the world was living through a period of considerable uncertainty. "We live in a chaotic world, and if you hear many world leaders, you feel afraid, disturbed, and threatened. But if PM Modi speaks, you think we should do what he says. He's a wise leader," the Belgian Prime Minister said. De Wever, who took office in February 2025, is visiting India for the first time as Belgian Prime Minister. He is accompanied by Belgium's Minister of Defence and Foreign Trade Theo Francken, along with a high-level delegation comprising officials and business leaders. The Belgian PM further highlighted the importance of the India-EU trade agreement that concluded earlier this year and described it as a major step towards strengthening economic resilience and reducing vulnerability to disruption and coercion. "In January we concluded one of the most far-reaching free trade agreements in the world, the mother of all deals, a market of 2 billion consumers, a quarter of the world economy," he said. He described the agreement as an expression of mutual trust and said closer economic integration would make both sides more resilient. "It is an expression of the willingness to trust... It makes our economies resilient against disruption and against coercion. Together, we stand stronger, open, self-assured, and to the benefit of both," De Wever said. He added that the agreement would strengthen trade between India and Europe in the years ahead, while highlighting the importance of Belgium's ports to global commerce. "Our ports are the foundation on which free and fair trade rests," he said. Union Commerce and Industry Minister Piyush Goyal and Maharashtra Chief Minister Devendra Fadnavis joined De Wever at the event, which focused on strengthening cooperation in ports, logistics, maritime connectivity and trade. The Ministry of External Affairs said the event highlighted the growing India-Belgium partnership in these areas and efforts to strengthen links between India and Europe. Fadnavis said the India-EU free trade agreement could fundamentally reshape economic relations between India and Europe, arguing that its significance extended beyond tariffs and market access. "At a time when the world is becoming more fragmented, India and Europe are choosing greater engagement. At a time when businesses are seeking resilient and trusted supply chains, we are choosing partnership," Fadnavis said. He described the agreement as an "agreement about trust" and said Belgium and Maharashtra could become major beneficiaries of the closer economic relationship. "I believe Belgium and Maharashtra can become one of its great success stories. Belgium and Maharashtra are natural partners," he added During PM Modi's meeting with De Wever on Thursday, India and Belgium set a target of doubling bilateral trade over the next five years. The two sides also signed a Letter of Intent on Defence Cooperation and a separate memorandum of understanding between the Belgian Security and Defence Industry Association and the Society of Indian Defence Manufacturers. The agreements are aimed at strengthening defence-industrial cooperation and facilitating greater access to Belgian markets and expertise. India and Belgium are also seeking to expand cooperation in areas including defence, clean energy, technology, trade and logistics. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 05 2026 | 7:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JSW MG Motor This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 04 2026 | 11:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
L to R – Hakim Fakhruddin Ujjainwala, CFO and Geetansh Bamania, Founder and Chairperson & CEO, Rentomojo during an IPO press conference in Mumbai on 4th September 2026 - KAMLESH PEDNEKAR First Published: Sep 04 2026 | 11:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Realty & Infrastructure Ltd (TRIL) on Friday said it has appointed Gaurav Jain as its new MD and CEO with effect from October 1st. TRIL, a wholly-owned subsidiary of Tata Sons Private Ltd, is one of the leading real estate developers in the country. Jain will succeed Sanjay Dutt, who became TRIL's MD and CEO in April 2018. Jain, who has more than 23 years of experience in the real estate sector, has worked at Birla Estates, Godrej Properties, Mahindra Lifespace Developers Ltd, and Unitech Group. Jain, as Managing Director (MD) and Chief Executive Officer (CEO) will lead TRIL through its next phase of growth, building on its strong presence across pan-India. His focus will be on strengthening the company's capabilities and advancing its vision for high-quality, sustainable and future-ready urban development, the statement said. Praveer Sinha, Chairman of TRIL, said Jain has strong real estate expertise across residential and commercial segments, along with a proven track record of building and scaling businesses. "As Tata Realty focuses on scale, portfolio strength and high-potential markets, his experience will be key to driving sustained growth while guided by the Tata Group's philosophy of Leadership with Trust and its enduring values, which have long served as the foundation for responsible and purpose-driven growth," the Chairman said. The TRIL has developed many real estate projects across major cities. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 04 2026 | 2:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RIL shares rise 2% as strong O2C growth lifts Q2 earnings outlook First Published: Sep 04 2026 | 2:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 04 2026 | 2:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rashi Peripherals (RPL) said that Crisil Ratings has reaffirmed its ratings on the bank facilities of the company at 'Crisil AA-/Stable/Crisil A1+'. Crisil Ratings stated that the group's business risk profile continues to benefit from its established market position in the domestic IT hardware distribution industry, with the company remaining amongst the top five IT hardware distributors in India. Continued addition of new products, expansion into newer geographies and strengthening of the distribution network have supported sustained growth in scale of operations over the past few years. The revenue is expected to witness further strong growth in fiscal 2027, supported by the acquisition of VDA Infosolutions (VDA), improvement in product diversification and continued expansion of the customer base. The profitability is expected to improve further over the medium term, aided by continued growth in revenue and contribution from VDA. Nevertheless, profitability remains susceptible to the competitive nature of the IT distribution industry and the group's ability to effectively manage supply chain costs and vendor relationships. The financial risk profile remains strong, supported by a healthy net worth of Rs 2033 crore as on 31 March 2026, and comfortable debt protection metrics. The group's liquidity position remains strong, supported by healthy cash accrual generation and adequate financial flexibility. Net cash accruals are expected to exceed Rs 400 crore against scheduled debt obligations of only Rs 105-106 crore over the near term. Average bank limit utilisation remained moderate at around 77% during the 12 months ended May 2026. Further, RPL had free cash and cash equivalents of Rs 79 crore as on 31 March 2026, while VDA had cash and cash equivalents of around Rs 150 crore, providing additional liquidity support for post-acquisition. The ratings continue to reflect RPL's established market position in the IT and peripheral products distribution business, diversified product portfolio and geographical presence, and strong financial risk profile. These strengths are partially offset by the inherently low-margin nature of the IT distribution business, large working capital requirements and susceptibility to the performance of key principals. Rashi Peripherals is a distributor of personal computers and notebooks, mobile phones, wearable IT consumables, printers, peripherals, networking products, storage products, UPS and invertors. It also provides after-sales services. The scrip rose 0.71% to currently trade at Rs 820.50 on the BSE. First Published: Sep 04 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 04 2026 | 1:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
AJC Jewel Manufacturers announced that it has received the board approval for proposed acquisition of an 80% stake in AJC Jewel Manufacturers (FZC), Sharjah, UAE. The UAE entity, engaged in precious metal jewellery manufacturing, reported revenue of Rs 127.95 crore in CY2025 and Rs 72.46 crore during January-June 2026, compared with Rs 53.82 crore in CY2024. The proposed Rs 9.60 crore transaction will be executed entirely through a non-cash share swap arrangement, with up to 5,67,492 equity shares of AJC Jewel Manufacturers proposed to be issued at Rs 169.16 per share, subject to shareholder and regulatory approvals. Upon completion, AJC Jewel Manufacturers (FZC) will become a subsidiary of AJC Jewel Manufacturers. First Published: Sep 04 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NHC Foods announced the official launch of Kap's Delight Recipe Mixes, a range of convenient and affordable recipe mixes designed to make everyday cooking faster, easier and more enjoyable. Developed to cater to the evolving needs of modern consumers, Kap's Delight Recipe Mixes are designed for busy working professionals, students living away from home, the HORECA (Hotels, Restaurants and Catering) segment seeking consistency in taste and recipes, as well as consumers across the Indian diaspora. The initial range comprises 11 products, carefully developed to address the everyday challenges of preparing flavourful meals while delivering rich flavours, vibrant colours, authentic textures and a satisfying taste with minimal preparation time. First Published: Sep 04 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
B.R.Goyal Infrastructure added 2.15% to Rs 190 after the company announced that it has secured a toll collection contract from NHAI worth Rs 108.68 crore. The company stated that it has received a work order from the National Highways Authority of India (NHAI) for a one-year engagement as user-fee collection agency at the Chillakallu Toll Plaza on the Hyderabad-Vijayawada section of NH-65 in the state of Telangana and Andhra Pradesh. The total value of this contract is Rs 108.68 crore. The announcement was made during market hours today, 04 September 2026. B.R.Goyal Infrastructure is engaged in constructing infrastructure projects such as roads, highways, bridges, and buildings. For FY26, the company's consolidated net profit surged 78% year-on-year to Rs 44.82 crore, while net sales increased 13.4% to Rs 820.32 crore compared with FY25. First Published: Sep 04 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Capital market sector stocks advanced on Friday, 4 September 2026, after the Securities and Exchange Board of India (Sebi) announced a review of the settlement price methodology for derivative contracts. Sebi said it will review the methodology used to determine settlement prices for derivative contracts on expiry. The decision follows feedback from market participants after the Closing Auction Session (CAS) was introduced in the equity cash segment. CAS came into effect on 3 August 2026. It is used to determine the closing price of securities. Before CAS, the closing price of eligible stocks was based on the volume-weighted average price (VWAP) of trades during the final 30 minutes of continuous trading. Under CAS, the closing price is determined through a dedicated auction session. The session aggregates buy and sell interest to aid price discovery. The CAS closing price also serves as the basis for settling derivative contracts on expiry. This linkage has emerged as a key concern among market participants. Sebi said CAS was introduced after extensive stakeholder consultations. It also held two rounds of public consultation on 5 December 2024 and 22 August 2025. Since CAS was implemented, Sebi has engaged with stock exchanges, brokers, proprietary traders, software vendors, mutual funds, industry associations and foreign portfolio investors. The regulator also monitored CAS during its first month of operation. It received feedback from market participants through multiple channels. A significant area of feedback relates to derivative settlement prices on expiry. The review follows sharp expiry-day moves observed after CAS was introduced. Traders have raised concerns that sudden swings during the closing auction can trigger large changes in option prices in the final minutes of trading, particularly near expiry. The episode has intensified scrutiny of the interaction between the cash-market auction and the derivatives market. The focus is particularly on expiry days, when the closing price directly affects derivative settlement. Market participants have also raised concerns over volatility and liquidity during the auction window. Sebi has not specified the changes it may propose. The consultation paper expected next week will be closely watched by brokers, proprietary trading desks, institutional investors and active derivatives traders. After reviewing the initial experience and stakeholder feedback, Sebi said it may propose changes to the settlement price methodology for derivative contracts. The regulator plans to issue a consultation paper on the proposed changes in about a week. First Published: Sep 04 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wockhardt Ltd is quoting at Rs 2079.6, up 6.61% on the day as on 12:49 IST on the NSE. The stock is up 40.63% in last one year as compared to a 3.24% jump in NIFTY and a 21.15% jump in the Nifty Pharma index. Wockhardt Ltd is up for a third straight session today. The stock is quoting at Rs 2079.6, up 6.61% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.28% on the day, quoting at 23940.4. The Sensex is at 76696.56, up 0.71%. Wockhardt Ltd has gained around 3.66% in last one month. Meanwhile, Nifty Pharma index of which Wockhardt Ltd is a constituent, has gained around 0.01% in last one month and is currently quoting at 26658.65, down 0.36% on the day. The volume in the stock stood at 20.57 lakh shares today, compared to the daily average of 7.03 lakh shares in last one month. The PE of the stock is 95.78 based on TTM earnings ending June 26. First Published: Sep 04 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
LIC Housing Finance Ltd is quoting at Rs 575.65, up 3.91% on the day as on 12:49 IST on the NSE. The stock is up 3.87% in last one year as compared to a 3.24% drop in NIFTY and a 0.83% drop in the Nifty Financial Services index. LIC Housing Finance Ltd gained for a third straight session today. The stock is quoting at Rs 575.65, up 3.91% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.28% on the day, quoting at 23940.4. The Sensex is at 76696.56, up 0.71%. LIC Housing Finance Ltd has risen around 12.42% in last one month. Meanwhile, Nifty Financial Services index of which LIC Housing Finance Ltd is a constituent, has risen around 2.76% in last one month and is currently quoting at 25923.05, up 0.7% on the day. The volume in the stock stood at 51.58 lakh shares today, compared to the daily average of 28.84 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 573, up 3.1% on the day. LIC Housing Finance Ltd is up 3.87% in last one year as compared to a 3.24% drop in NIFTY and a 0.83% drop in the Nifty Financial Services index. The PE of the stock is 5.32 based on TTM earnings ending June 26. First Published: Sep 04 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil may top $100 as Hormuz, Russia risks persist: Mirae Asset Sharekhan First Published: Sep 04 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SPML Infra announced a significant milestone in its Battery Energy Storage System (BESS) journey, with its proprietary 104.4 kWh battery pack, developed under SPML's own intellectual property, successfully completing key international safety, performance and transportation certification and testing requirements. The battery pack has been engineered and developed as part of SPML's strategy to build indigenous technology and manufacturing capabilities for India's rapidly expanding grid-scale energy storage market. The SPML-developed battery pack has successfully completed requirements under UL9540A, IEC 62619, IEC 63056, IEC 60730, IEC 61000-6-2 and IEC 61000-6-4, together with UN38.3 at the battery-pack and system level. First Published: Sep 04 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Steel Exchange India has achieved its highest-ever monthly production of Re-Bars since inception, recording 24,823.509 Metric Tonnes (MT) during August 2026 at its Rolling Mill. The achievement follows the successful commissioning and operationalisation of the Reheating Furnace (RHF), which has strengthened the Company's production capabilities and supported higher Rolling Mill utilisation. The total August production comprised 17,358.221 MT from the Continuous Casting Machine (CCM) and 7,465.288 MT from the newly operationalised Reheating Furnace (RHF). The addition of the RHF has increased the Company's monthly Re-Bar production capability by approximately 27%, marking a significant step-up in production capacity. First Published: Sep 04 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Silver outlook: Dovish Fed eases pressure; Mirae Asset sees support at $65 First Published: Sep 04 2026 | 12:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shanthi Gears rallied 7.52% to Rs 628 after the company's board approved the appointment of Sai Krishna Alluri as chief financial officer (CFO), effective 3 September 2026. Separately, the board approved the appointment of Helena Susan as HeadHuman Resources and designated her as senior management personnel (SMP). Consequently, Victor Dharmaraj ceased to be an SMP following his transition to new roles and responsibilities. Shanthi Gears is engaged in the design, manufacture, supply, and servicing of gears and gearboxes. The companys standalone net profit tumbled 56.59% to Rs 9.85 crore in Q1 FY27, compared with Rs 22.69 crore in Q1 FY26. Net sales declined 14.38% YoY to Rs 115.49 crore in Q1 FY27. First Published: Sep 04 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kavveri Defence & Wireless Technologies Ltd, Saraswati Commercial (India) Ltd, Xtranet Technologies Ltd and Cyber Media (India) Ltd are among the other gainers in the BSE's 'B' group today, 04 September 2026. Kavveri Defence & Wireless Technologies Ltd, Saraswati Commercial (India) Ltd, Xtranet Technologies Ltd and Cyber Media (India) Ltd are among the other gainers in the BSE's 'B' group today, 04 September 2026. Jindal Worldwide Ltd spiked 20.00% to Rs 57.06 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 127.62 lakh shares were traded on the counter so far as against the average daily volumes of 5.9 lakh shares in the past one month. Kavveri Defence & Wireless Technologies Ltd surged 19.99% to Rs 67.4. The stock was the second biggest gainer in 'B' group. On the BSE, 1.82 lakh shares were traded on the counter so far as against the average daily volumes of 13796 shares in the past one month. Saraswati Commercial (India) Ltd soared 19.31% to Rs 11959.95. The stock was the third biggest gainer in 'B' group. On the BSE, 23 shares were traded on the counter so far as against the average daily volumes of 32 shares in the past one month. Xtranet Technologies Ltd advanced 18.70% to Rs 231.1. The stock was the fourth biggest gainer in 'B' group. On the BSE, 4.61 lakh shares were traded on the counter so far as against the average daily volumes of 2.22 lakh shares in the past one month. Cyber Media (India) Ltd exploded 18.24% to Rs 28.26. The stock was the fifth biggest gainer in 'B' group. On the BSE, 1.17 lakh shares were traded on the counter so far as against the average daily volumes of 14312 shares in the past one month. First Published: Sep 04 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GMM Pfaudler Ltd, Tejas Networks Ltd, New India Assurance Company Ltd and Supreme Petrochem Ltd are among the other gainers in the BSE's 'A' group today, 04 September 2026. GMM Pfaudler Ltd, Tejas Networks Ltd, New India Assurance Company Ltd and Supreme Petrochem Ltd are among the other gainers in the BSE's 'A' group today, 04 September 2026. IFCI Ltd soared 10.52% to Rs 106.01 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 148.78 lakh shares were traded on the counter so far as against the average daily volumes of 39.82 lakh shares in the past one month. GMM Pfaudler Ltd spiked 7.85% to Rs 1157. The stock was the second biggest gainer in 'A' group. On the BSE, 24128 shares were traded on the counter so far as against the average daily volumes of 22076 shares in the past one month. Tejas Networks Ltd surged 7.80% to Rs 612. The stock was the third biggest gainer in 'A' group. On the BSE, 11.1 lakh shares were traded on the counter so far as against the average daily volumes of 2.48 lakh shares in the past one month. New India Assurance Company Ltd gained 7.37% to Rs 209.9. The stock was the fourth biggest gainer in 'A' group. On the BSE, 8.92 lakh shares were traded on the counter so far as against the average daily volumes of 2.69 lakh shares in the past one month. Supreme Petrochem Ltd jumped 6.54% to Rs 773.35. The stock was the fifth biggest gainer in 'A' group. On the BSE, 50497 shares were traded on the counter so far as against the average daily volumes of 7523 shares in the past one month. First Published: Sep 04 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Physicswallah shares rise nearly 7% post block deal, MOFSL's bullish view First Published: Sep 04 2026 | 12:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 04 2026 | 12:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sterlite Technologies share price hit 5% upper circuit on Friday. First Published: Sep 04 2026 | 12:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JSW Energy today announced crossing the 15 GW installed capacity milestone, post the commissioning of 1,572 MW of generation capacity since April 2026, increasing its total operational capacity to 15,025 MW. This milestone was achieved in under six quarters after the Company crossed 10 GW in March 2025, representing a CAGR of ~26% and underscoring its strong execution capabilities and consistent progress against its growth roadmap. The capacity added in FY27 to date comprises 1,272 MW of renewable energy capacity, including 593 MW of solar, 108 MW of wind, 420 MW of hybrid and 150 MW of hydro projects, along with 300 MW of inorganic thermal capacity. Renewable energy now constitutes over 60% (9,067 MW) of the Company's operational portfolio, comprising 3,125 MW of wind, 2,426 MW of solar, 1,735 MW of hybrid, and 1,781 MW of hydro capacity. The thermal portfolio stands at 5,958 MW. The Company remains on track to meet its greenfield capacity addition target of 3 GW for FY2027, having achieved approximately 42% of the target to date. JSW Energy has a total locked-in generation capacity of 32.4 GW comprising 15.0 GW operational and 13.4 GW under construction across thermal, hydro, and renewables along with a pipeline of 4.0 GW. Locked-in energy storage capacity stands at 29.6 GWh, comprising 26.4 GWh of pumped hydro storage and 3.2 GWh of battery energy storage positioning the Company to supply firm, round-the-clock power as the sector shifts from energy to dispatchability. The Company is targeting 30 GW of generation capacity and 40 GWh of energy storage by 2030, and carbon neutrality by 2050. First Published: Sep 04 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 04 2026 | 11:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 04 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold: Crude, inflation key threats; analyst sees $4400 as tactical buy zone First Published: Sep 04 2026 | 11:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To collaborate on advancement of AI-powered analytics capabilities for SCATS HCL Technologies (HCLTech) and Transport for NSW (TfNSW)'s Sydney Coordinated Adaptive Traffic System (SCATS) have entered into a Memorandum of Understanding (MoU) to explore the advancement of AI-powered analytics capabilities for SCATS. The current SCATS tool enables users to interact with traffic, congestion and geospatial data using natural language queries and compare insights across selected time periods. Developed by the NSW Government in 1975, SCATS is now installed in over 200 cities, across more than 30 countries. HCLTech will explore integrating Sarvam's multilingual foundation models with SCATS, enabling traffic operators, planners and engineers to query and analyze SCATS data in local Indian languages. The collaboration will also explore ways to address local data sovereignty requirements for smart city infrastructure, including enabling cities to operate SCATS AI infrastructure on premises using private cloud environments. First Published: Sep 04 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
UltraTech Cement's entry into the C&W business could emerge as a modest but meaningful growth lever over the medium term. First Published: Sep 04 2026 | 11:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Power Grid Corporation of India (PowerGrid) has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System for the project namely Transmission system for Integration of Power from RE Projects in Lakadia REZ in Gujarat-Phase II (7500MW) on Build, Own, Operate and Transfer (BOOT) basis, at quoted Annual Transmission Charges of Rs. 1,152.49 crore. The Letter of Intent (LoI) has been received by PowerGrid on 03 September 2026. The project comprises establishment of new 765/400kV Lakadia-II Sub-station in the state of Gujarat. Further, the project involves construction of 765kV transmission lines traversing through the state of Gujarat along with the associated equipment and bays. The project also involves installation & commissioning of Synchronous condenser at Lakadia-II Sub-station. First Published: Sep 04 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Chemicals fell 1.90% to Rs 629.75 after media reports said Kenyan President William Ruto had ordered Tata Chemicals to stop operations in the country. According to the reports, Ruto criticised Tata Chemicals Magadi Limited (TCML) over its contribution to the Kenyan economy. He said the company had not done enough to create jobs and promote local value addition. The reports said Kenya plans to bring in new investors for the Lake Magadi operations. The new investors would reportedly be required to establish glass and chemical processing facilities in Kajiado to boost local processing and employment. The development follows a 28 July 2026 communication from Kenya's Ministry of Mining, Blue Economy and Maritime Affairs. According to reports, the ministry had directed TCML to suspend mining operations and soda ash exports over regulatory and compliance concerns. Tata Chemicals, however, clarified on 4 September that TCML had submitted all required information, reports and documentation to the ministry on 11 August 2026. The company said TCML is fully compliant with regulatory requirements. The company said TCML had provided a comprehensive response to the matters raised by the ministry and was awaiting its review and further direction. Tata Chemicals said it respects the authority of the Kenyan government and remains committed to resolving the outstanding matters through the appropriate legal and regulatory channels. Tata Chemicals is a leading supplier of choice to glass, detergent, industrial and chemical sectors. The company has a strong position in the crop protection business through its subsidiary company, Rallis India. The company reported a consolidated net loss of Rs 17 crore in the quarter ended 30 June 2026 (Q1 FY27), compared with a net profit of Rs 525 crore in the corresponding quarter last year. Revenue from operations increased 14.41% year-on-year (YoY) to Rs 4,255 crore during the quarter. First Published: Sep 04 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gland Pharma Ltd saw volume of 106.67 lakh shares by 10:46 IST on BSE, a 199.37 fold spurt over two-week average daily volume of 53501 shares Tata Technologies Ltd, Nuvoco Vistas Corporation Ltd, Medplus Health Services Ltd, HBL Engineering Ltd are among the other stocks to see a surge in volumes on BSE today, 04 September 2026. Gland Pharma Ltd saw volume of 106.67 lakh shares by 10:46 IST on BSE, a 199.37 fold spurt over two-week average daily volume of 53501 shares. The stock dropped 0.37% to Rs.2,894.00. Volumes stood at 7489 shares in the last session. Tata Technologies Ltd clocked volume of 21.46 lakh shares by 10:46 IST on BSE, a 23.02 times surge over two-week average daily volume of 93225 shares. The stock gained 0.62% to Rs.809.55. Volumes stood at 1.13 lakh shares in the last session. Nuvoco Vistas Corporation Ltd notched up volume of 9.72 lakh shares by 10:46 IST on BSE, a 15.96 fold spurt over two-week average daily volume of 60914 shares. The stock rose 3.54% to Rs.349.90. Volumes stood at 33204 shares in the last session. Medplus Health Services Ltd notched up volume of 1.84 lakh shares by 10:46 IST on BSE, a 10.24 fold spurt over two-week average daily volume of 18010 shares. The stock slipped 1.12% to Rs.655.30. Volumes stood at 1.2 lakh shares in the last session. HBL Engineering Ltd registered volume of 7.71 lakh shares by 10:46 IST on BSE, a 9.41 fold spurt over two-week average daily volume of 81888 shares. The stock rose 6.12% to Rs.706.55. Volumes stood at 37106 shares in the last session. First Published: Sep 04 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 04 2026 | 11:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Complete Sports and Management India traded at Rs 144.95 on the BSE, a 7.37% premium to the issue price of Rs 135. The counter hit a high of Rs 145 and a low of Rs 135. About 18.45 lakh shares of the company changed hands at the counter. Complete Sports and Management India's IPO was subscribed 3.28 times. The issue opened for bidding on 28 August 2026 and it closed on 1 September 2026. The price band of the IPO was fixed between Rs 128 to Rs 135 per share. The IPO comprised 55,50,000 equity shares. The company intends to utilize the net proceeds for funding the capital expenditure requirements of the company towards the purchase of gaming equipment and other capital equipment, including computers, printers and software, equipment and tools, and CCTV and safety equipment, for its existing warehouse located at Bhiwandi, Maharashtra; funding the capital expenditure requirements of company towards the setting up of the Duckpin The Bowling Bistro entertainment centre in Mumbai, Maharashtra; Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the company from banks and financial institutions and general corporate purpose. Ahead of the IPO, Complete Sports and Management India on 27 August 2026, raised Rs 21.32 crore from anchor investors. The board allotted 15.79 lakh shares at Rs 135 each to 8 anchor investors. Complete Sports and Management India sources, trades and distributes amusement and leisure equipment, while also providing installation, maintenance and consulting services. Its product portfolio includes bowling solutions, arcade games, soft play areas, trampoline parks, laser tag, bumper cars, go-karting systems and cashless gaming solutions. The company serves family entertainment centres, clubs, hotels, resorts, corporate clients and residential developments in India and overseas. As of 31 July 2026, the company had a total of 136 employees. The company recorded revenue from operations of Rs 113.56 crore and net profit of Rs 17.95 crore for the period ended 31 March 2026. First Published: Sep 04 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In addition to developments surrounding the US-Iran conflict and movements in crude oil and gold prices, market participants will closely track the upcoming quarterly earnings announcements of recently listed companies over the next few weeks. Investors are likely to assess these results for insights into operating performance, earnings visibility and demand trends. Realty shares witnessed buying demand for three consecutive trading sessions. At 10:25 IST, the barometer index, the S&P BSE Sensex advanced 552.69 points or 0.74% to 76,715.08. The Nifty 50 index jumped 86.40 points or 0.36% to 23,959.85. In the broader market, the BSE 150 MidCap Index rose 0.34% and the BSE 250 SmallCap Index added 0.47%. The market breadth was strong. On the BSE, 2,385 shares rose and 1,333 shares fell. A total of 267 shares were unchanged. Economy: SEBI said it will review the methodology for determining settlement prices of derivative contracts on expiry following feedback received after the introduction of the Closing Auction Session (CAS) in the equity cash segment from 3 August 2026. The regulator said the CAS-determined closing price also serves as the basis for settling derivative contracts on expiry. After monitoring the mechanism during its first month and receiving feedback from stock exchanges, brokers, traders, mutual funds, FPIs and other market participants, SEBI said it may propose changes to the settlement-price methodology and plans to issue a consultation paper in about a week. New Listing: Shares of ESDS Software Solution were currently trading at Rs 895.55 at 10:05 IST on the BSE, representing a premium of 108.75% as compared with the issue price of Rs 429. The stock debuted at Rs 746.30 on the BSE, a premium of 73.96% over its issue price. So far, the stock has hit a high of Rs 895.55 and a low of Rs 746.30. On the BSE, over 17.34 lakh shares of the company were traded in the counter so far. Shares of Priority Jewels were currently trading at Rs 236.45 at 10:05 IST on the BSE, representing a premium of 18.23% as compared with the issue price of Rs 200 The stock debuted at Rs 225.20 on the BSE, a premium of 12.6% over its issue price. So far, the stock has hit a high of Rs 236.45 and a low of Rs 225.20. On the BSE, over 2.11 lakh shares of the company were traded in the counter so far. Buzzing Index: The Nifty Realty index jumped 0.71% to 922.65. The index rallied 3.52% in the three consecutive trading sessions. Prestige Estates Projects (up 1.68%), Anant Raj (up 1.07%), Oberoi Realty (up 1.04%), DLF (up 0.8%), Aditya Birla Real Estate (up 0.7%), Sobha (up 0.69%), Godrej Properties (up 0.45%), Lodha Developers (up 0.19%) surged. Stocks in Spotlight: Rail Vikas Nigam (RVNL) added 1.03%. after the company has emerged as the lowest bidder (L1) for a contract worth Rs 404.88 crore from East Coast Railway. Avalon Technologies advanced 3.67% after the company announced the formation of a joint venture (JV) with Zollner Elektronik AG for PCBA, box-build and system integration manufacturing in India. First Published: Sep 04 2026 | 10:53 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Energy Exchange (IEX) recorded highest ever monthly electricity traded volume of 13,938 MUs in August 2026, an increase of 20.2% year-on-year. A total of 2.91 lakh Renewable Energy Certificates were traded during the month, though REC volumes declined 86.6% year-on-year. According to government data, India's energy consumption touched 169.01 BUs in August 2026, registering a year-on-year growth of 12.85%. This rise in power demand drove buy bids in the Day-Ahead Market up 61.7% year-on-year, resulting in an increase in prices. The average market clearing price in the Day-Ahead Market stood at Rs 4.88/unit, a 22% increase year-on-year. Similarly, the average market clearing price in the Real-Time Market stood at Rs 4.41/unit during August'26, an increase of 30.4% YoY. The Day-Ahead Market (DAM) including HP-DAM, achieved 5,517 MU volume in August '26 as compared to 4,797MU volume in August'25, registering an increase of 15.0% YoY. The Real-Time Electricity Market (RTM) volume increased to 5,565 MU in August'26, from 5,029 MU in August'25, registering an increase of 10.6% YoY. Day Ahead Contingency and Term-Ahead Market (TAM) including HPTAM, comprising contingency, daily & weekly and monthly contracts up to 3 months, traded 1,765 MU in August'26 as compared to 835 MUvolume in August'25, increase of 111.3% YoY. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments,achieved1,091MUvolumeduringAugust'26ascomparedto930MUinAugust'25, increase of 17.3% YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for August'26 at Rs 3.92/ unit, increased 5.1% on a year-on-year basis. A total of 2.91 lakh RECs were traded in August '26, down 86.6% YoY due to lower participation. Trading sessions were held on 12th August'26 and 27th August'26, with clearing price of Rs 370/REC and Rs 350/REC, respectively. The next REC trading sessions at the Exchange are scheduled on 09th September'26 and 30th September'26. First Published: Sep 04 2026 | 10:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
'Ultravolt' shock! Polycab, KEI & others crash up to 8% on de-rating fears First Published: Sep 04 2026 | 10:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Chemicals falls 2.5% as Kenya President orders company to exit First Published: Sep 04 2026 | 10:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of ESDS Software Solution were currently trading at Rs 236.45 at 10:12 IST on the BSE, representing a premium of 108.75% as compared with the issue price of Rs 429. So far, the stock has hit a high of Rs 895.55 and a low of Rs 746.30. On the BSE, over 17.64 lakh shares of the company were traded in the counter so far. ESDS Software Solution was subscribed 135.88 times. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 408 and 429 per share. The IPO is entirely a fresh issue of shares worth Rs 720 crore. At the upper price band of Rs 429, the fresh issuance is of 1,58,50,816 shares. There is no offer for sale (OFS) component. The funds raised to the tune of Rs 576 crore will be used towards purchase and installation of cloud computing and other equipment and infrastructure for data centres and the balance will be used for general corporate purposes. Ahead of the IPO, ESDS on Thursday, 27 August 2026, raised Rs 215.99 crore from anchor investors. The board allotted 50.34 lakh shares at Rs 429 each to 19 anchor investors. ESDS Software Solution (ESDS) is an AI-enabled provider of cloud, managed services, data center infrastructure, and software solutions in India. The company offers an end-to-end portfolio comprising infrastructure-as-a-service (IaaS), managed services and software-as-a-service (SaaS), serving customers across BFSI, Government and enterprise segments. The companys comprehensive Security-as-a-Service (SECaaS) framework enables businesses to proactively manage threats and achieve robust security and compliance objectives. ESDS IaaS portfolio includes co-location and data centre services, public, private, virtual private, hybrid and community cloud solutions, and GPU-as-a-service (GPUaaS). The company has data centres in Airoli, Bengaluru, Nashik, Noida, and Mohali. It is also in the process of establishing proposed data centres in Kolkata and Sahibabad. The company derived around 27.4% of its revenues from government entities. The firm reported a consolidated net profit of Rs 120.82 crore and sales of Rs 472.21 crore for the twelve months ended on 31 March 2026. First Published: Sep 04 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Priority Jewels were currently trading at Rs 236.45 at 10:12 IST on the BSE, representing a premium of 18.23% as compared with the issue price of Rs 200. So far, the stock has hit a high of Rs 236.45 and a low of Rs 225.20. On the BSE, over 2.14 lakh shares of the company were traded in the counter so far. Priority Jewels was subscribed 100.45 times. The issue opened for bidding on 28 August 2026 and closed on 1 September 2026. The price band of the IPO is fixed between Rs 190 and 200 per share. The IPO comprised a fresh issue of 45,75,000 equity shares worth up to Rs 91.5 crore. The objectives of the fresh issue included Rs 75 crore for repayment/prepayment of certain working capital borrowings and the remaining amount for general corporate purposes. Ahead of the IPO, Priority Jewels on Thursday, 27 August 2026, raised Rs 27.45 crore from anchor investors. The board allotted 13.72 lakh shares at Rs 200 each to 4 anchor investors. Priority Jewels designs, manufactures and sells a wide range of lightweight, affordable, diamond-studded gold and platinum fine jewellery. Its products are sold directly to independent jewellers and jewellery chains in India, as well as select international markets. Its portfolio primarily comprises lightweight, affordable daily-wear jewellery, including rings, earrings, pendants, neckwear and bracelets, along with occasion and couture jewellery. The company also manufactures lab-grown diamond jewellery against specific customer orders, allowing it to cater to evolving consumer preferences. The company supplies jewellery to leading retail players, including CaratLane, Kalyan Jewellers India, Reliance Retail, Malabar Gold & Diamonds, Tribhovandas Bhimji Zaveri and Senco Gold. In Q1 FY27, domestic sales contributed 50.44% of revenue, and exports 49.56%. The company has an annual manufacturing capacity of approximately 700 kg, with capacity utilization of 65% in FY26 and 58% in Q1 FY27. The firm reported a consolidated net profit of Rs 6.69 crore and sales of Rs 146.73 crore for the three months ended on 30th June 2026. First Published: Sep 04 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Angel One, BSE rallied up to 7% in Friday's trade amid reports that Sebi may relook CAS methodology. First Published: Sep 04 2026 | 10:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Invagen Pharmaceuticals Inc, a wholly owned subsidiary of Cipla announced that it has entered into a strategic partnership with Qilu Pharmaceutical Co. (Qilu), for the exclusive licensing and supply of QL2107, a biosimilar to Keytruda (pembrolizumab), for the United States. As part of the agreement, Qilu will be responsible for development, regulatory registration and supply of the product while Cipla USA Inc. will be responsible for the commercialization of the asset by leveraging its strong commercial presence in the defined territory. The collaboration reflects both companies' shared commitment to addressing the growing burden of cancer and improving access to advanced biologic therapies. First Published: Sep 04 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On Thursday, the rupee extended its gaining momentum for the fifth straight session appreciating 22 paise to close at 94.51 against the US dollar The rupee gained 5 paise to 94.46 against the US dollar in early trade on Friday, supported by optimism over rising foreign inflows and a rise in risk appetite. Forex traders said the rupee is poised to gain strength, supported by strong underlying inflows and aggressive RBI intervention. However, higher crude oil prices and potential US-Iran tensions could limit further gains. At the interbank foreign exchange market, the rupee opened at 94.53 against the US dollar, then gained ground to touch 94.46, registering a gain of 5 paise from its previous close. On Thursday, the rupee extended its gaining momentum for the fifth straight session appreciating 22 paise to close at 94.51 against the US dollar. India mobilised a record $127.23 billion through foreign-currency deposits under a special central-bank programme aimed at bolstering the country's foreign-exchange liquidity. Including overseas foreign-currency borrowings (OFCB) and external commercial borrowings (ECB), total inflows under the measures reached $136.377 billion, according to RBI data. "Overall, the FCNR story has given the rupee a strong shot in the arm, but the underlying fundamentals still carry their share of risk. 94.0094.20 remains a strong support zone. Any negative surprise, especially from the oil front, could pull USDINR back up towards 95.00, 95.50 and eventually 96.00," CR Forex Advisors MD - Amit Pabari said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.05, higher by 0.15 per cent on safe-haven demand amid renewed US-Iran tensions. Brent crude, the global oil benchmark, was trading higher by 0.40 per cent at $95.90 per barrel in futures trade, on escalating US-Iran tensions and fears of disruption to oil flows through the Strait of Hormuz. On the domestic equities market front, Sensex jumped 468.64 points to 76,621.50 in early trade, while the Nifty was trading up 42.10 points at 23,915.55. Foreign institutional investors purchased equities worth Rs 2,345.87 crore on a net basis on Thursday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 04 2026 | 10:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee commenced slightly higher against the US dollar on Friday, tracking extended pullback in dollar under 99 mark and retreating global yields. However, elevated oil prices are capping much gain in the counter. INR opened at Rs 94.53 per dollar and hit a high of 94.46 so far during the day. Yesterday, rupee ended at 94.51. Local shares also opened higher as dovish comments from Federal Reserve Governor Christopher Waller prompted traders to scale back expectations of a Federal Reserve rate increase this month. The Indian stock market benchmark indices are trading in the green with the BSE Sensex at 76,550.49 (up 0.52%) and the NSE Nifty 50 at 23,906.90 (up 0.14%). First Published: Sep 04 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Avalon Technologies advanced 3.67% to Rs 2330 after the company announced the formation of a joint venture (JV) with Zollner Elektronik AG for PCBA, box-build and system integration manufacturing in India. The JV will serve customers across geographies in sectors including health care & life sciences, test & measurement, rail and other industrial verticals. As an electronics and mechatronics service provider, Zollner Elektronik AG is the leading provider in the field of EMS in Europe. Established in 1965 as a one-man operation, the family-owned company has developed through organic growth into a global player with over 12,500 employees at 26 locations worldwide, and is among the most eminent international EMS providers. Under the terms of the arrangement, Zollner will initially hold 51% and Avalon will hold 49% of the JV. Beginning three years after the start of commercial production at the JV's manufacturing facility, Avalon will have an option, subject to certain conditions, to acquire an additional 2% stake, taking its shareholding to 51% and making it the majority shareholder in the JV. This structure lets Zollner lead the JV's early operations, drawing on its manufacturing and engineering experience, while giving Avalon a clear route to increase its ownership as the business matures. The JV will manufacture printed circuit board assemblies (PCBA), box-build and system integration products in India. It will initially focus on serving the India operations of established customers. Beyond its role as an equity partner, Avalon will also supply the JV across several of its core capabilities cable wiring and harness, magnetics, plastics, sheet metal and machining. Kunhamed Bicha, chairman and managing director, Avalon Technologies, said: "This JV is strategically significant for Avalon. It expands our access to customers, opens new verticals and advances our capabilities in highly complex manufacturing. Just as importantly, it is fully consistent with the strategy that has built Avalon: high-mix, high-complexity products, long product lifecycles, trusted customer relationships and disciplined, profitable growth. Zollner brings more than six decades of engineering expertise, global customer relationships and full product lifecycle capabilities. Avalon brings an established India manufacturing platform, a strong local supply chain and integrated capabilities across the value chain." Avalon Technologies is a fully integrated electronics manufacturing services (EMS) company, delivering end-to-end box build solutions in India, with a focus on high-value, precision-engineered products. First Published: Sep 04 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KEI Industries Ltd has lost 9.55% over last one month compared to 0.17% gain in BSE Capital Goods index and 2.45% drop in the SENSEX KEI Industries Ltd fell 6.26% today to trade at Rs 4961. The BSE Capital Goods index is down 0.27% to quote at 78175.43. The index is up 0.17 % over last one month. Among the other constituents of the index, Polycab India Ltd decreased 4.48% and PTC Industries Ltd lost 1.64% on the day. The BSE Capital Goods index went up 16.64 % over last one year compared to the 5.03% fall in benchmark SENSEX. KEI Industries Ltd has lost 9.55% over last one month compared to 0.17% gain in BSE Capital Goods index and 2.45% drop in the SENSEX. On the BSE, 5745 shares were traded in the counter so far compared with average daily volumes of 14149 shares in the past one month. The stock hit a record high of Rs 5931.4 on 18 Aug 2026. The stock hit a 52-week low of Rs 3730 on 22 Jan 2026. First Published: Sep 04 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 04 2026 | 9:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Overall ADTO declines 9.7% YoY Angel One reported a client base of 39.56 million for the month of August 2026 (up 17.8% YoY and up 1.4% MoM). Other business parameters during the month: 39.56 1.4% 17.8% 7421 4.8% 40.2% Overall 41,38,900 -15.2% -9.7% F&O 38,35,100 -18.2% -13.8% Cash 8,200 1.6% 18.4% Commodity 2,95,600 62.6% 134.4% First Published: Sep 04 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Inox Wind, Kaynes Technology India, LIC Housing Finance and SAIL are banned from F&O trading on 4 September 2026. New Listings: ESDS Software Solution will list on the stock exchanges today. The IPO was subscribed 135.88 times. The offer received bids for 167.85 crore shares as against 1.23 crore shares on offer. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. Priority Jewels will list on the stock exchanges today. The IPO was subscribed 100.45 times. The offer received bids for 32.16 crore shares as against 32.02 lakh shares on offer. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. Stocks to Watch: Indian Energy Exchange (IEX) said that electricity traded volume rose 20.2% YoY to 13.94 BU in August 2026, while real-time electricity market volume increased 10.6% YoY to 5.6 BU and day-ahead contingency and term-ahead market traded volume jumped 111.3% YoY to 1,765 MU. Power Grid Corporation of India has received a Letter of Intent (LoI) worth Rs 1,152.49 crore to establish an inter-state transmission system for integration of power from renewable energy projects in Lakadia REZ, Gujarat Phase II (7,500 MW), on a Build, Own, Operate and Transfer (BOOT) basis. The project comprises setting up a new 765/400 kV Lakadia-II substation in Gujarat. Max Healthcare Institute has approved an additional investment of around Rs 87.87 crore in Kalinga Hospital, a subsidiary, through subscription to equity shares on a rights basis. Rail Vikas Nigam (RVNL) has emerged as the lowest bidder (L1) for a contract worth Rs 404.88 crore from East Coast Railway. Shanthi Gears has appointed Sai Krishna Alluri as Chief Financial Officer with immediate effect. Consequently, Sukanta Kumar Panigrahi has ceased to be the Interim CFO. Ciplas subsidiary Invagen Pharmaceuticals Inc. has entered into a strategic partnership with Qilu Pharmaceutical Co. for the exclusive licensing and supply of QL2107, a biosimilar to Keytruda (pembrolizumab), in the US. Under the agreement, Qilu will be responsible for development, regulatory registration and supply of the product, while Cipla USA Inc. will commercialise the asset in the US. Cohance Lifesciences has announced two proposed transactions to strengthen its antibody-drug conjugate (ADC) strategy, including an additional investment of $13 million in NJ Bio and a controlling investment of $5 million in Aruka Bio. Both transactions will be funded through internal accruals. WeWork India Management has received in-principle approval from the Board to set up a 10 MWp captive solar power plant in Karnataka, aimed at reducing electricity costs, increasing the use of renewable energy and supporting its sustainability objectives. Bharat Forges wholly owned subsidiary Kalyani Strategic Systems (KSSL) has signed a Memorandum of Understanding (MoU) with FN Herstal to pursue local manufacturing of small arms, integrated weapon systems and counter-unmanned aerial system (C-UAS) solutions. Welspun Investments and Commercials has approved an infusion of up to Rs 1,285 crore into its wholly owned subsidiary Vishwakarma Realty through subscription to compulsorily convertible debentures (CCDs) and optionally convertible debentures (OCDs) in one or more tranches. Ramco Systems has signed a Memorandum of Understanding (MoU) with Safran Helicopter Engines to enable seamless integration of Safrans engine data with Ramco Aviation Software. Sterlite Technologies has approved a capex of Rs 3,000 crore for its existing manufacturing facility, driven by global demand for optical fibre cables and connectivity solutions. First Published: Sep 04 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Union Commerce and Industry Minister Piyush Goyal lauded the small and medium enterprises industry for playing a pivotal role in achieving 7.8 percent growth in Indias GDP in the first quarter of the current fiscal. Mr Goyal expressed confidence that with the series of FTAs that India has been signing for months, will pave a steadfast pathway in becoming a major exporter with a market share of two third of the international economy. The Minister also called for strengthening the relationship between the government and the Association of Export Promotion Councils. First Published: Sep 04 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 2.24% to Rs 92.70 crore First Published: Sep 04 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 6.43% to Rs 8033.77 crore First Published: Sep 04 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SEBI had introduced CAS with effect from 3 August 2026 for determining the closing price of securities. Before CAS, the closing price of eligible stocks was determined using the volume-weighted average price (VWAP) of trades executed during the last 30 minutes of continuous trading. Under the new mechanism, the closing price is determined through a dedicated auction session, designed to aggregate buy and sell interest and improve price discovery. Under the CAS framework, the closing price determined through the auction also serves as the basis for determining settlement prices for derivative contracts on expiry. This link between the cash-market closing price and derivatives settlement has emerged as a key area of concern for market participants. The regulator said the CAS framework was introduced after extensive stakeholder consultations and policy deliberations, including two rounds of public consultation held on 5 December 2024 and 22 August 2025. SEBI also held discussions with stock exchanges, broker associations, institutional investors, market participants and other stakeholders before finalising the framework. Since the implementation of CAS, SEBI has engaged with stock exchanges, brokers, proprietary traders, software vendors, mutual funds, industry associations and foreign portfolio investors to facilitate its smooth adoption and address operational issues. SEBI said it monitored the functioning of CAS and its market impact during its first month of operation and received feedback and suggestions from market participants through multiple channels, including social media and other media platforms. A significant area of feedback relates to the determination of settlement prices of derivative contracts on expiry based on the closing price determined through CAS. The review comes after sharp price movements were witnessed around expiry-day auctions. On 3 September, the indicative Sensex close briefly fell about 2.5% during the CAS, while premiums on some BSE Sensex put options surged by 400%-500%. The Sensex subsequently recovered to close 0.55% lower at 76,152.86. The episode has intensified scrutiny of the interaction between the cash-market auction and the large derivatives market, particularly on expiry days when the closing price can have a direct impact on derivative settlement. Market participants have also raised concerns about volatility and liquidity during the auction window. After considering the initial experience with CAS and the feedback received from stakeholders, SEBI said it may propose changes to the methodology for determining settlement prices of derivative contracts. The regulator plans to issue a consultation paper on the proposed changes in about a week. First Published: Sep 04 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty September 2026 futures were down 36 points, indicating a negative opening for the Nifty 50. SEBI said it will review the methodology for determining settlement prices of derivative contracts on expiry following feedback received after the introduction of the Closing Auction Session (CAS) in the equity cash segment from 3 August 2026. The regulator said the CAS-determined closing price also serves as the basis for settling derivative contracts on expiry. After monitoring the mechanism during its first month and receiving feedback from stock exchanges, brokers, traders, mutual funds, FPIs and other market participants, SEBI said it may propose changes to the settlement-price methodology and plans to issue a consultation paper in about a week. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 2,345.87 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,977.46 crore in the Indian equity market on 3 September 2026, according to provisional data. FPIs sold shares worth Rs 5532.96 crore in September so far, through 2 September 2026. This follows net cash purchases of Rs 17,366 crore in August 2026, while they were net buyers of Rs 6,731.97 crore in July 2026. Global Markets: Asian stocks traded mostly higher on Friday, 4 September 2026, following a strong rally on Wall Street as US Treasury yields eased and expectations of a September Federal Reserve rate hike moderated. Chinese artificial intelligence stocks rose on Friday after OpenAI launched its latest model, GPT-6 Astra, which investors viewed as a positive read-through for the country's AI developers. MiniMax gained 6.5%, Baidu 4.6%, Kuaishou Technology 4.2%, JD.com 4.1% and Xiaomi 3.9%, while Z.AI edged higher. The gains extended a recent rally in Chinese AI stocks as investors assessed the commercial potential of faster advances in large language models and more autonomous AI-agent services. US equities rallied sharply on Thursday, with the Dow Jones Industrial Average rising 1.18% to 53,686.11, the S&P 500 gaining 1.06% to 7,747.71 and the Nasdaq Composite advancing 1.40% to 26,584.06. Technology stocks led the gains, with Microsoft, Meta Platforms and Nvidia among the major advancers. Snowflake surged 16.6% after its results, lifting the broader software segment. Market sentiment improved after Federal Reserve Governor Christopher Waller said he would support keeping the federal funds rate unchanged if upcoming data confirms that inflationary pressures are easing. Following his comments, the probability of a September rate hike fell to around 50% from 63.2% on Wednesday, according to CME FedWatch. The US 10-year Treasury yield also retreated for a second consecutive session. Attention has now shifted to the US nonfarm payrolls report due later on Friday. The data could influence expectations for the Fed's September 15-16 policy meeting. Oil prices remain a key risk for global markets. Brent crude was around $95.7 a barrel on Friday and is headed for a weekly gain of about 7%, as continued US-Iran tensions raised concerns over disruptions to energy supplies through the Strait of Hormuz. Domestic Market: Indian equity benchmarks ended lower for the fourth straight session on 3 September 2026, with the Sensex falling 417.49 points or 0.55% to 76,152.86 and the Nifty 50 declining 41 points or 0.17% to 23,873.45, as selling in IT, auto and other sectors outweighed gains in banking and realty stocks. Elevated Brent crude near $96 a barrel and Middle East tensions kept sentiment cautious, although mid- and small-cap stocks showed resilience, while stronger foreign flows and banking-sector liquidity provided some support. Over the four sessions, the Sensex and Nifty have declined 1.44% and 1.25%, respectively. First Published: Sep 04 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 04 2026 | 8:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian shares rose on Friday as investors embraced a global rally before crucial US jobs data, while bonds found some much needed relief after a top Federal Reserve official cooled rate hike fears and dragged the dollar lower. The dollar's retreat turbocharged a rally in the yen, which has gained 2.6 per cent this week to trade at 155.7 a dollar, putting it within striking distance of the 155.2 level reached after joint intervention by Tokyo and Washington in late July. In remarks for a Reuters NEXT Newsmaker event, ?Federal Reserve Governor Christopher Waller said that recent data suggested some signs of disinflation and that, if upcoming reports reinforced that trend, he would favour holding rates steady at this month's policy meeting. Futures were quick to scale back the chance of a rate hike this month to just 50 per cent, from about 63 per cent a day ago. Those expectations had surged in recent sessions as a global bond rout drove long-dated yields to multi-year highs, fuelled by concerns over stubborn inflation, swelling government debt and geopolitical tensions. "Waller is pushing back against the thrust of the argument made by Warsh last week that there is little evidence that underlying inflation has moved lower," said analysts at JPMorgan in a note. "We believe that Chair Warsh will deliver a hike if he advocates for it. Absent his advocacy, Governor Waller's speech reinforces our view that the bar for data to sway the data-dependent majority to hike this month remains elevated." In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan rose 1 per cent, tracking broad gains on Wall Street, but that was not enough to offset earlier ?losses with the index still down 0.4 per cent for the week. Japan's Nikkei gained 0.8 per cent but was down 2.7 per cent this week. Chinese blue-chips rallied 1 per cent and South Korea's KOSPI increased 1.1 per cent. Both Wall Street futures and EURO STOXX 50 futures were flat as traders braced for the US payrolls report for August due later in the day. Forecasts are centred on a rise of 56,000 jobs after a shock fall of 23,000 the previous month. The unemployment rate is expected to hold steady at 4.1 per cent. US economic data overnight showed activity in the services sector picked up pace last month with a measure of prices paid jumping to a three-year high. The Fed's "Beige Book" survey also showed economic activity edged up in recent weeks. After the dovish comments from Waller, Treasuries rallied, led by the short-end, as the yield curve bull steepened on fading fears of imminent rate hikes. Two-year yields held at 4.3381 per cent, after falling 5 basis points overnight to move away from a ?20-month peak of 4.4102 per cent. Ten-year yields were little changed at 4.7620 per cent, having dropped 3 basis points overnight, while 30-year yields were at 5.2433 per cent after a 2 bps fall overnight. Investors in longer-dated bonds remain wary of inflation risks amid few signs of progress between the US and Iran to end the war and reopen the Strait of ?Hormuz. Oil prices held near six-week highs, with Brent crude futures up 7 per cent this week to $95.52 a barrel. [O/R] The dollar drew scant support from higher yields and was fetching ?98.96 against its major peers, after skidding 0.6 per cent overnight. It is set for a weekly drop of 0.7 per cent. That helped the yen to build up on its gains this week after jumping 1.8 per cent overnight as investors ramped up bets on a Bank of Japan rate hike this month. Markets now imply ?a 75 per cent chance of a September move, while a hike by October is fully priced in, raising the prospect of either a larger increase or back-to-back tightening. "While we can't rule out another round of price checks, or intervention, it could also be pre-positioning - official or speculative - in expectation of a soft non-farm payrolls ?tonight and a potentially hawkish BOJ meeting in a fortnight," said Tony Sycamore, analyst at IG. In commodity markets, gold held at $4,470 an ounce after rallying 2 per cent overnight. It was, however, set to end the week little changed. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 04 2026 | 8:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Motors said a separate announcement would provide details on the publication and distribution of the offer document First Published: Sep 04 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Diamond Power Infrastructure has received an order worth Rs 76.06 crore from a domestic private-sector EPC contractor engaged in power transmission projects. The order is on a variable-price basis, with final realisation to be determined as per the applicable price variation formula. Diamond Power Infrastructure is engaged in the manufacturing of power cables and conductors, offering a wide product range from 1.1 kV to 400 kV. Its clientele includes utilities, EPC contractors, renewable energy developers, and industrial customers. On the financial front, the companys consolidated net profit rose 256.19% to Rs 58.45 crore in the quarter ended June 2026 from Rs 16.41 crore in the corresponding quarter of the previous year. Sales increased 128.57% to Rs 689.88 crore in Q1 FY27 from Rs 301.82 crore in Q1 FY26. Shares of Diamond Power Infrastructure fell 2.42% to close at Rs 322.40 on the BSE. First Published: Sep 04 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: UltraTech, Cipla, Sterlite, Tata Power, OMCs & more First Published: Sep 04 2026 | 8:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex will likely open slightly higher as global equities rose on allied fears about rate hikes in the US. First Published: Sep 04 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty outlook: Technical analysts flag key levels on charts for the near-term. (Illustration: Ajaya Mohanty) First Published: Sep 04 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Under the agreement, Qilu will be responsible for the development, regulatory registration, and supply of the product, while Cipla will leverage its commercial presence to market the asset Drug major Cipla Ltd on Thursday said its wholly owned subsidiary, Invagen Pharmaceuticals Inc, has entered into a strategic partnership with Qilu Pharmaceutical for the licensing and supply of a biosimilar to the cancer drug Keytruda in the United States. The product, QL2107, is a biosimilar to pembrolizumab (Keytruda) and aims to improve access to advanced therapies for cancer patients while lowering treatment costs, Cipla said in a regulatory filing. Under the agreement, Qilu will be responsible for the development, regulatory registration, and supply of the product, while Cipla will leverage its commercial presence to market the asset in the US. "This partnership reflects Cipla's confidence in the long-term potential of biosimilars and supports our strategy to build a strong oncology-focused portfolio," said Achin Gupta, Managing Director and Global Chief Executive Officer, Cipla. Hanchang Zhang, General Manager of Qilu Pharmaceutical, said, "We are pleased to establish this partnership with Cipla for QL2107... By combining our R&D and manufacturing strengths with Cipla's US commercial expertise, we aim to bring a high-quality, affordable pembrolizumab biosimilar to US patients." Established in 1935, Cipla is a global pharmaceutical company focused on complex generics and deepening its portfolio across respiratory, oncology and antiretroviral segments. Qilu Pharmaceutical, established in 1958, is a leading vertically integrated Chinese firm with a robust pipeline that includes over 50 biosimilars and 130-plus innovative drugs. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 04 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE shares slide 15% since CAS implementation; Jefferies flags options hit First Published: Sep 04 2026 | 7:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 04 2026 | 12:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Moonshot AI First Published: Sep 03 2026 | 11:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 03 2026 | 11:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Alignment of Pre-Open Auction Session with the Closing Auction Session (CAS), effective September 07, 2026.#NSEIndia#NSE#CAS#PreOpenAuctionSession#CapitalMarkets#MarketStructure#Trading@ashishchauhanpic.twitter.com/6w97uDdC0i First Published: Sep 03 2026 | 10:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 03 2026 | 9:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 03 2026 | 9:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 03 2026 | 9:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Initial public offerings (IPOs) This article has been processed by AI. It is not an official market report and should not be considered financial advice.
XTGlobal Infotech announced its selection as a qualified technology partner under a multi-year Cloud Engineering and Technical Services program for a U.S. State Government technology authority. The agreement carries an initial two-year term with three additional one-year renewal options, creating a potential five-year contracting framework. Based on the breadth of services contemplated under the program and its multi-year structure, XTGlobal estimates the aggregate addressable opportunity across the qualified vendor pool could be in the range of USD $50 million to $100 million over the potential five-year period. Technology requirements under the program will be issued across multiple initiatives through the qualified vendor pool, with XTGlobal eligible to compete for individual engagements as they are released. The program encompasses a broad range of next-generation technology capabilities, with Cloud Engineering, Artificial Intelligence and Machine Learning (AI/ML), and Generative Al at the forefront, alongside Data Engineering, DevSecOps, Cloud Security, FinOps, automation and other advanced technical services. Under the multi-year contracting framework, participating state government entities will issue individual technology requirements as needs arise. As a qualified technology partner, XTGlobal will have the opportunity to compete for these engagements throughout the contract period, creating a pathway to pursue projects spanning cloud modernization, Al and Generative Al solutions, data platforms, application transformation, intelligent automation and other specialized technology initiatives. First Published: Sep 03 2026 | 8:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
During the Belgian state visit to India, Thales and Kalyani Strategic Systems (KSSL), the wholly-owned defence subsidiary of Bharat Forge, signed a Strategic Alliance Agreement to explore collaboration on both the unguided and laser-guided variants of Thales' 70-mm rocket systems, which are already in use by the Indian Armed Forces. The partnership marks a significant step in strengthening India-Belgium defence cooperation while advancing India's ambition to become a globally competitive defence manufacturing hub. By combining Thales' advanced rocket technologies and global market reach with KSSL's established expertise in defence manufacturing, system integration and industrialisation, the companies will create an indigenous capability to address domestic requirements and support international opportunities. As part of this collaboration, Thales will leverage its long-standing partnership with India and contribute its global expertise in 2.75-inch / 70-mm rockets and launchers developed in Belgium, while KSSL will utilise its local manufacturing and testing facilities to support production and integration of components from Thales' qualified supply chain, ensuring international quality standards. First Published: Sep 03 2026 | 8:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
United Breweries First Published: Sep 03 2026 | 8:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To establish local manufacturing of small arms and C-UAS systems Kalyani Strategic Systems (KSSL), a wholly owned subsidiary of Bharat Forge, and FN Herstal, a wholly owned subsidiary of FN Browning Group, today signed a Memorandum of Understanding (MoU) to pursue local manufacturing and industrial cooperation in support of India's defence requirements. The partnership brings together six decades of Indian advanced engineering and technology-led manufacturing at scale with more than 135 years of global leadership in small arms and integrated weapon systems. Under the MoU, KSSL and FN Herstal will evaluate the establishment of a dedicated production center in India and a Strategic Alliance / Joint Venture covering a range of FN Herstal defence solutions for the Indian market, spanning small arms, integrated weapon systems and counter-unmanned aerial system (C-UAS) solutions. The initiative is aligned with the Government of India's Make in India policy. It reflects a shared intent to build capability inside the country through local manufacturing, technology cooperation and value creation, strengthening India's defence industrial base and deepening domestic participation in defence procurement programmes. For the Indian armed forces, this translates into long-term security of supply and greater strategic autonomy in a category of systems that is central to operational readiness. First Published: Sep 03 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To collaborate on integration of Safran's engine data with Ramco Aviation Software Ramco Systems announced that it has signed a Memorandum of Understanding (MoU) with Safran Helicopter Engines, world's leading manufacturer of rotorcraft turbines, to collaborate on enabling seamless integration of Safran's engine data with Ramco Aviation Software. Through this MoU, Ramco and Safran Helicopter Engines will work together to enable engine information post shop visits to flow directly from Safran into the Maintenance Information System (MIS) within Ramco Aviation Software, reducing manual data entry for helicopter operators and allowing them to focus more on keeping aircraft in service. The outcome of this collaboration will be the award by Safran Helicopter Engines of the EngineLife Connect label, which identifies the best connectivity solutions compatible with its range of products and services. As part of the MoU, the companies will work on enabling engine configuration, usage metrics, and maintenance events to be automatically ingested into Ramco Aviation Software, improving data accuracy and consistency across maintenance operations. First Published: Sep 03 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The NCDs are senior, secured, rated, listed, and redeemable in nature. The NCDs were issued in two tranches - i) Rs 100 crore with a tenure of 24 months carrying a fixed rate coupon of 9.15% per annum and ii) Rs 200 crore with a tenure of 36 months carrying a fixed rate coupon of 9.25% per annum. The coupon on both tranches is payable annually, with the principal repayable as a bullet payment at the end of the respective tenures. First Published: Sep 03 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 03 2026 | 7:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cement This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With executable order pipeline of Rs 846 cr till Dec'26 The orders are scheduled for execution by December 2026. The latest order inflow further strengthens Solex Energy's growing order pipeline and reflects continued demand for the company's solar module manufacturing capabilities. Additionally, Solex Energy has received a Letter of Intent (LOI) for an order worth approximately Rs 174.30 crore, with the Module Supply Agreement currently at the signing stage. Together, these orders represent an executable order pipeline of approximately Rs 846 crore, targeted for execution by 31 December 2026. First Published: Sep 03 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Energy Exchange (IEX) First Published: Sep 03 2026 | 7:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Energy Exchange (IEX) This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For delay in completion of 'Ashiana Dwarka' Phase-5 located at Jodhpur First Published: Sep 03 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 03 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 03 2026 | 7:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From REC Power Development and Consultancy First Published: Sep 03 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 03 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content Iblix Digital Co-founder & COO Sangita Ruidas Portrait First Published: Sep 03 2026 | 6:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Godrej Consumer Products This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 03 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The key equity benchmarks ended lower for the fourth consecutive session on Thursday, 3 September 2026, as gains in banking and realty stocks were offset by selling in IT, auto and other sectors. The Nifty 50 opened at 23,997.95 and briefly climbed to an intraday high of 24,025.40 before gradually paring gains. The index slipped below 23,950 around noon and remained volatile through the afternoon, hovering near the 23,900 mark. Selling intensified in the final hour, pushing the index to a low of 23,873.45, where it closed, down 41 points or 0.17%. Market sentiment remained cautious amid elevated crude oil prices and continued geopolitical tensions in the Middle East. Brent crude climbed to around $96 a barrel as concerns over disruptions to energy supplies persisted, raising worries over inflation, bond yields and India's external balances. Banking stocks bucked the broader trend after Indian banks mobilised more than $60 billion in the final 10 days of the RBI's special forex swap scheme. Foreign investor sentiment also improved in August, with FPIs investing $3.1 billion in Indian equities, the highest monthly inflow in nearly two years. The broader market showed relative resilience, with mid- and small-cap stocks gaining. Investors continued to track crude oil prices, global bond yields and developments in the US-Iran conflict for further market direction. The S&P BSE Sensex declined 417.49 points or 0.55% to 76,152.86. The Nifty 50 index lost 41 points or 0.17% to 23,873.45. In four consecutive sessions, the Sensex and the Nifty declined 1.44% and 1.25%, respectively. Mahindra & Mahindra (down 1.25%), Infosys (down 0.85%) and Reliance Industries (down 0.81%) were major Nifty drags today. In the broader market, the BSE 150 MidCap Index added 0.15% and the BSE 250 SmallCap Index rose 1.01%. The market breadth was positive. On the BSE, 2,545 shares rose and 1,778 shares fell. A total of 228 shares were unchanged. Economy: The Reserve Bank of India (RBI) on Wednesday said forex inflows under its special USD-INR forex swap facility stood at $136.38 billion as of 31 August 2026, according to provisional data reported by authorised dealer banks. The inflows included $127.23 billion through Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits, while overseas foreign currency borrowings (OFCBs) contributed $5.26 billion and external commercial borrowings (ECBs) accounted for $3.89 billion. Separately, India's HSBC Composite PMI stood at 54.3 in August 2026, down from the flash estimate of 54.6 but unchanged from July, indicating continued private-sector growth. However, the pace remained the joint-slowest in four-and-a-half years. The HSBC Services PMI was revised to 54.1 from the flash estimate of 54.5, up from 53.3 in July, as higher demand and new business supported growth. Numbers to Track: In the commodities market, Brent crude for the November 2026 settlement jumped $1.21 or 1.27% to $96.84 a barrel. The yield on India's 10-year benchmark federal paper fell 0.11% to 6.964 compared with the previous session close of 6.972. In the foreign exchange market, the rupee was higher against the dollar. The partially convertible rupee was hovering at 94.5900 compared with its close of 94.7300 during the previous trading session. MCX Gold futures for 5 October 2026 settlement advanced 0.74% to Rs 1,53,533. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.32% to 99.24. The United States 10-year bond yield fell 0.19% to 4.785. Global Markets: Most shares in Europe and Asia advanced as investors turned their attention to key services activity and labour-market data for further cues on the health of the domestic economy and the outlook for monetary policy. Eurozone producer prices rose 1.6% MoM in July 2026, the highest increase since March and above market expectations of 1.2%, following a 0.3% decline in June. The rise was driven by a 5.6% jump in energy prices. On a YoY basis, producer inflation accelerated to 5.8% from 4.6% in June. Wall Street recovered on Wednesday, with the Dow Jones Industrial Average rising 295.01 points, or 0.56%, to 53,061.89. The S&P 500 gained 35.16 points, or 0.46%, to 7,666.63, while the Nasdaq Composite advanced 118.05 points, or 0.45%, to 26,217.83. The rebound was supported by buying in technology stocks and other recent laggards. US labour-market data remained a key focus. Private-sector employment increased by 38,000 in August, according to the ADP National Employment Report. The figure was below market expectations of 48,000 and down from a revised 46,000 increase in July. Manufacturing employment fell by 17,000, while education and health services added 45,000 jobs. Investors are now awaiting Friday's US nonfarm payrolls report, which could influence expectations for the Federal Reserve's September policy decision. New Listing: Shares of Lumino Industries ended at Rs 110.39 on the BSE, representing a premium of 34.62% as compared with the issue price of Rs 82. The stock debuted at Rs 109 on the BSE, a premium of 32.93% over its issue price. The stock has hit a high of Rs 119 and a low of Rs 106.48. On the BSE, over 1.59 crore shares of the company were traded in the counter. Stocks in Spotlight: RBL Bank jumped 4.80% after the bank announced that its board will meet on Monday, 7 September 2026, to consider establishing a Euro Medium Term Note (EMTN) Programme. Under the proposed programme, the bank may issue foreign currency bonds, notes or other debt securities from time to time through one or more tranches, subject to market conditions and applicable regulatory requirements. The proposed fundraising will be undertaken through permissible modes under the EMTN Programme and in accordance with applicable laws. Titan Biotech jumped 4.91% after the company's board approved a 1:4 bonus issue, subject to shareholders' approval. Welspun Corp rose 4.26% to Rs 2,631.10 after a foreign brokerage initiated coverage on the company with a 'Buy' rating and a target price of Rs 3,250. XTGlobal Infotech rose 5.11% after being selected as a qualified technology partner under a multi-year cloud engineering and technical services programme for a US state government technology authority. The programme has an initial two-year term with three one-year renewal options, creating a potential five-year framework. The company estimates the aggregate addressable opportunity across the qualified vendor pool at $50 million-$100 million over the potential five-year period. Balu Forge Industries fell 1.42%. The company has announced the successful acquisition of a ring rolling production line capable of producing forged rings up to 6.7 meters in outer diameter (OD). This acquisition adds 18,000 tons of specialized heavy ring rolling capacity with a high-value-addition product line. The ring rolling production line will commence the production trial before the end of 2026. Housing & Urban Development Corporation added 1.49% after the company announced that it has signed a memorandum of understanding (MoU) with the Government of Bihar for providing financial assistance for proposed industrial parks. As per the MoU, HUDCO would provide financial assistance to the extent of Rs 25,000 crore over a period of five years for development of industrial infrastructure including acquisition of land for the projects. Inox Wind rallied 4.83% after the company secured a repeat turnkey order from Indian Oil Corporation for a 100 MW wind power project, with a contract value of approximately Rs 755 crore. Autoline Industries zoomed 10.42% after the company announced that it has secured a new business award from Tata Motors Passenger Vehicles for the supply of critical components for SUV applications. The business is expected to generate annual incremental revenue of approximately Rs 100 crore. IPO Update: Rays of Belief received bids for 33,77,36,692 shares as against 31,37,810 shares on offer, according to stock exchange data at 17:00 IST on 3 September 2026. The issue was subscribed 107.63 times. The issue opened for bidding on 1 September 2026 and will close on 3 September 2026. The price band of the IPO is fixed between Rs 227 and 239 per share. An investor can bid for a minimum of 62 equity shares and multiples thereof. Deepa Jewellers received bids for 78,85,39,164 shares as against 1,85,20,085 shares on offer, according to stock exchange data at 17:00 IST on 3 September 2026. The issue was subscribed 42.58 times. The issue opened for bidding on 1 September 2026 and will close on 3 September 2026. The price band of the IPO is fixed between Rs 168 and 177 per share. An investor can bid for a minimum of 84 equity shares and multiples thereof. First Published: Sep 03 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 03 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indo Tech Transformers added 1.31% to Rs 3616.60 after the company announced the receipt of purchase orders (PO) for supply of 26 units of power transformers from Andhra Pradesh Transmission Corporation (AP TRANSCO). The company has secured orders for the supply of 17 units of 80 MVA power transformers with a voltage rating of 220 kV to 33 kV, and 9 units of 80 MVA power transformers with a voltage rating of 132 kV to 33 kV. The aggregate value of this contract is Rs 165.55 crore. All these transformers have to be delivered between October 2026 and June 2027. Indo Tech Transformers is engaged in the business of manufacturing power and distribution transformers and various special application transformers, mobile substation transformers, and substations. The company reported a 34.06% rise in net profit to Rs 25.70 crore on 39.02% rise in net sales to Rs 227.89 crore in Q1 FY27 as compared with Q1 FY26. First Published: Sep 03 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 03 2026 | 11:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee appreciated 47 paise to 94.26 against the US dollar in early trade on Thursday, supported by much higher than expected FCNR (B) deposits mobilisation. Pull back in dollar amid halt in oil price rally on easing geopolitical tensions is also helping gains in the counter. At the interbank foreign exchange market, the rupee opened at 94.30 against the US dollar, then gained ground to touch 94.26, registering a gain of 47 paise from its previous close. Local shares opened on a firm note on Thursday as U.S. Treasury yields eased from recent highs after the release of weak private sector employment data and oil steadied after climbing to more than one-month highs. The 30-share BSE Sensex edged up 303 points, or 0.40 percent, to 76,873, while the NSE Nifty index was up 90 points, or 0.4 percent, at 24,004. First Published: Sep 03 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 03 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hexaware Technologies shares fall 4.5% after CEO transition announcement First Published: Sep 03 2026 | 11:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RBL Bank gained 5% in Thursday's intra-day trade. First Published: Sep 03 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Elgi Equipments Ltd recorded volume of 6.62 lakh shares by 10:46 IST on BSE, a 22.76 times surge over two-week average daily volume of 29096 shares Power Finance Corporation Ltd, Medplus Health Services Ltd, AAVAS Financiers Ltd, RBL Bank Ltd are among the other stocks to see a surge in volumes on BSE today, 03 September 2026. Elgi Equipments Ltd recorded volume of 6.62 lakh shares by 10:46 IST on BSE, a 22.76 times surge over two-week average daily volume of 29096 shares. The stock gained 1.46% to Rs.626.00. Volumes stood at 15060 shares in the last session. Power Finance Corporation Ltd witnessed volume of 149.82 lakh shares by 10:46 IST on BSE, a 18.91 times surge over two-week average daily volume of 7.92 lakh shares. The stock increased 0.14% to Rs.347.45. Volumes stood at 33.02 lakh shares in the last session. Medplus Health Services Ltd saw volume of 1.11 lakh shares by 10:46 IST on BSE, a 14.69 fold spurt over two-week average daily volume of 7552 shares. The stock dropped 0.67% to Rs.656.00. Volumes stood at 2458 shares in the last session. AAVAS Financiers Ltd registered volume of 1.54 lakh shares by 10:46 IST on BSE, a 13.17 fold spurt over two-week average daily volume of 11710 shares. The stock rose 2.20% to Rs.1,286.30. Volumes stood at 6644 shares in the last session. RBL Bank Ltd registered volume of 7.87 lakh shares by 10:46 IST on BSE, a 9.32 fold spurt over two-week average daily volume of 84532 shares. The stock rose 4.18% to Rs.405.80. Volumes stood at 2.23 lakh shares in the last session. First Published: Sep 03 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kwick Forensic Solutions traded at Rs 157.50 on the BSE, a 75% premium to the issue price of Rs 90. The counter hit a high of Rs 157.50 and a low of Rs 142.50. About 31.58 lakh shares of the company changed hands at the counter. Kwick Forensic Solutions' IPO was subscribed 267.09 times. The issue opened for bidding on 27 August 2026 and it closed on 31 August 2026. The price band of the IPO was fixed between Rs 85 and Rs 90 per share. The IPO comprised a fresh issue of 45,64,600 shares and an offer for sale of 10,80,000 shares by selling shareholders. The company intends to utilize the net proceeds for funding the working capital and general corporate purposes. Ahead of the IPO, Kwick Forensic Solutions on 25th August 2026, raised Rs 14.42 crore from anchor investors. The board allotted 16.03 lakh shares at Rs 90 each to 10 anchor investors. Kwick Forensic Solutions provides end-to-end products, solutions and technologies for forensic sciences, fingerprint science, cyber and digital forensics, social media analytics and big data analytics, with a focus on Total Evidence Management and law-enforcement solutions. The company serves government and private sector customers across India, including police departments, forensic laboratories, fingerprint bureaus and training institutes, and generates revenue through sales of goods and services. Its product portfolio covers forensic science and physical evidence solutions, Mobile CSI Vehicles, cyber and digital forensics, and DNA forensics, while its services include rental of forensic equipment such as handheld scanners, detection and scanning systems and X-ray imaging systems. As of 31 July 2026, the company had 34 employees on its payroll and 12 employees engaged on a contractual basis. The company recorded revenue from operations of Rs 105.71 crore and net profit of Rs 13.50 crore for the 12-month period ended 31st March 2026. First Published: Sep 03 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 03 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 88.66 lakh shares as against 68.49 lakh shares on offer. The qualified institutional buyers' (QIB) portion was subscribed 1.43 times, while the non-institutional investors' (NII) category was subscribed 0.84 times. The retail individual investors' (RII) segment was subscribed 1.58 times. The issue opened for bidding on 31 August 2026 and closed on 2 September 2026. The price band of the IPO is fixed between Rs 546 and 575 per share. The IPO is entirely a fresh issue of shares worth Rs 680 crore. At upper price band of Rs 575, the fresh issuance is of 1,18,26,087 shares. There is no offer for sale (OFS) component. The funds raised to the tune of Rs 371.12 crore will be used towards investment in the companys wholly owned subsidiary, PSL Retail for expenditure towards lease liabilities of experience centers and back-end offices in India; Rs 138.9 crore will be utilised towards funding sales and marketing expenses to be incurred by the company and the balance to be used for general corporate purposes. Ahead of the IPO, Purple Style Labs (PSL) on Friday, 28 August 2026, raised 305.99 crore from anchor investors. The board allotted 53.21 lakh shares at Rs 575 each to 10 anchor investors. Purple Style Labs (PSL) is a multi-brand luxury omni-channel fashion platform operating under Pernias Pop-Up Shop (PPUS), offering a curated portfolio of luxury fashion products across womenswear, menswear, jewellery, accessories and kidswear, with a focus on wedding and occasion wear. PSL operates through an omni-channel business model comprising experience centers, its website, mobile application, telephonic and digital sales channels, events and exhibitions. <> As of 31st March 2026, PSL sources products from 1,109 active designer brands, including Seema Gujral, Anushree Reddy, Amit Aggarwal and Rohit Gandhi & Rahul Khanna. The company operated 14 experience centres globally as of 31 March 2026, with 12 located in India and one each in London, UK, and New York, USA. The firm reported a consolidated net loss of Rs 285.40 crore and sales of Rs 557.84 crore for the twelve months ended on 31 March 2026. First Published: Sep 03 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Welspun Corp rose 3.03% to Rs 2,600 after a foreign brokerage initiated coverage on the company with a 'Buy' rating and a target price of Rs 3,250. The brokerage said Welspun Corp is well positioned to benefit from a multi-year upcycle in oil and gas infrastructure spending in the US and the Middle East, supported by its local manufacturing presence in both regions. It expects the company to deliver a 17% volume CAGR and 32-33% EBITDA and EPS CAGR over FY26-29E. The growth is expected to be driven by capacity expansion, a strong order book and an improving business mix. The brokerage expects earnings growth to be supported by a 51% expansion in capacity across the US and Saudi Arabia, along with a rising contribution from the company's higher-margin overseas business. Welspun Corp's order book stood at Rs 42,100 crore, equivalent to around 2.5 times its FY26 revenue, providing strong visibility on future revenue, according to the brokerage. The brokerage expects the company's net cash position to increase from Rs 1,400 crore at the end of FY26 to Rs 3,900 crore by FY29E. It also noted that the company generated a 21% return on equity (ROE) during FY24-26 and expects this to improve to 22-23% over FY27-29E. At 18 times one-year forward EV/EBITDA, the brokerage believes Welspun Corp's valuation remains reasonable. While the multiple has expanded in 2026, it believes a premium valuation is justified by the company's strong earnings growth outlook, robust order book and high ROEs. The brokerage also said Welspun Corp appears reasonably valued compared with US energy infrastructure beneficiaries when assessed against its EBITDA growth and price-to-book valuation relative to ROE. Key risks to the brokerage's view include slower-than-expected order inflows and delays in capacity expansion. Welspun Corp has a diversified portfolio spanning line pipes, ductile iron pipes, stainless steel bars, pipes and tubes, and TMT rebars. It also houses Sintex, a brand focused on water storage tanks and advanced plastic piping solutions. The company serves customers across more than 50 countries on six continents, supported by manufacturing facilities in India, the US and Saudi Arabia. The company's consolidated net profit surged 198.64% to Rs 1046.49 crore on a 14.91% rise in revenue to Rs 4081.12 crore in Q1 FY27 over Q1 FY26. First Published: Sep 03 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Lumino Industries were currently trading at Rs 108.26 at 10:10 IST on the BSE, representing a premium of 32.02% as compared with the issue price of Rs 82. So far, the stock has hit a high of Rs 113.65 and a low of Rs 106.48. On the BSE, over 69.82 lakh shares of the company were traded in the counter so far. The initial public offer of Lumino Industries was subscribed 117.78 times. The issue opened for bidding on 27 August 2026 and it closed on 31 August 2026. The price band of the IPO is fixed between Rs 78 and 82 per share. The offer comprised a fresh issue of equity shares of Rs 5 each, aggregating to Rs 500 crore and an offer for sale of equity shares aggregating to Rs 200 crore. The offer for sale component is entirely by promoters. Of the net proceeds from fresh issue, the company intend to use Rs 337 crore towards prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the company; Rs 15.013 crore towards capital expenditure for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility; and balance towards general corporate purposes. Ahead of the IPO, Lumino Industries on Wednesday, 26 August 2026, raised Rs 206.69 crore from anchor investors. The board allotted 2.52 crore shares at Rs 82 each to 30 anchor investors. Lumino Industries, promoted by Purushottam Dass Goel, is an integrated engineering, procurement and construction (EPC) player focused on the power transmission and distribution (T&D) sector. The company manufactures aluminium conductors, power cables and electrical wires, including HTLS conductors, and undertakes EPC projects across power T&D, EHV substations, re-conductoring, railway electrification, solar power and water management. Manufacturing contributed 69.74% of FY26 revenue, while EPC contributed 30.26%. As of March 2026, it had an order book of Rs 3,149.88 crore, with 82.20% from government entities, and operated two manufacturing facilities in Howrah with a combined aluminium consumption capacity of 40,000 MT annually. The company is expanding its manufacturing footprint with a new facility in Howrah expected to commence commercial production in H2FY27. The firm reported a consolidated net profit of Rs 159.97 crore and sales of Rs 2,041.07 crore for the twelve months ended on 31 March 2026. First Published: Sep 03 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 03 2026 | 10:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Welspin Corp share price has surged 227% in the last six months. First Published: Sep 03 2026 | 10:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Clean Max Enviro Energy's share: According to data available on NSE, 1.63 million shares of the company changed hands amounting to ?199.31 crore. The buyers and sellers were not known immediately. First Published: Sep 03 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 03 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RPG Life Sciences added 1.29% to Rs 2606 after the company said that its subsidiary RPG Active Pharma would acquire the API and intermediates business of Raghava Life Sciences for Rs 135 crore. In a regulatory filing made post market hours yesterday, the company said that RPG Active Pharma has entered into a business transfer agreement to acquire the active pharmaceutical ingredients (API) and intermediates business undertaking of Raghava Life Sciences. The said acquisition is being done on a going-concern basis through a slump sale for a total cash consideration of up to Rs 135 crore. The transaction is subject to customary closing conditions and regulatory approvals. RPG Active Pharma, a wholly owned subsidiary of RPG Life Sciences, has been established to build a focusedAPI business with capabilities across research-led product development. manufacturing and business development. The company is pursuing strategic opportunities to build a diversified API organization serving domestic and international customers. Raghava operates a modem API manufacturing facility near Hyderabad, spread across approximately 9 acres, with around 300 KL of installed capacity and a dedicated R&D set-up. The facility is WHO-GMP and EU-GMP approved with significant investment towards capacity expansion in recent years. Its established regulatory approvals, meaningful installed capacity and chemistry capabilities provide RPGAP with a high-quality manufacturing presence. The business has developed a portfolio of high-growth APls, comprising 22 commercialized products and 7 development-stage assets across diabetes, cardiovascular, CNS and other therapeutic segments. The portfolio includes commercially attractive molecules and is supported by multiple international regulatory credentials including CEP, EU Written Confirmation and KDMF approvals. This broad basket of commercialized and pipeline APls gives RPGAP access to therapy areas benefiting from strong market tailwinds. Following the recent acquisition of Actis Generics, this transaction broadens RPGAP's manufacturing base, product portfolio, regulatory capabilities and customer access across geographies. The consolidated organization is intended to strengthen RPGAP's participation in the growing API market through greater scale, synergies, deeper integration and focused commercial execution. Ashok Nair, managing director, RPG Life Sciences, said: "This acquisition marks an important addition to the RPG Active Pharma Limited consolidated organization. It brings together a high-quality manufacturing asset, a broad portfolio of commercialized APIs, established regulatory credentials and strong customer relationships. Following Actis, it further strengthens the scale and capabilities of RPGAP and advances our strategy of building an integrated and competitive scaled API business." RPG Life Sciences is an integrated research-based pharmaceutical company operating in the domestic and international markets in the branded formulations, global generics and synthetic APIs space. The company had reported 17% rise in consolidated net profit to Rs 30.76 crore on a 15.85% increase in revenue to Rs 195.69 crore in Q1 FY27 as compared with Q1 FY26. First Published: Sep 03 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Power Grid Corporation of India (PowerGrid) has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System for the project namely Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-5: 6 GW) [Barmer Complex] Barmer-II: 6 GW (Solar) (LCC Configuration) on Build, Own, Operate and Transfer (BOOT) basis, at quoted Annual Transmission Charges of Rs. 3,244.33 crore. The Letter of Intent (LoI) has been received by PowerGrid on 02 September 2026. The Project comprises establishment of 6000 MW, 800 kV HVDC terminals at Barmer-II (Rajasthan) & South Kalamb S/s (Maharashtra) along with augmentation of South Kalamb S/s. Further, the project involves construction of 800 kV HVDC bipole line between Barmer-II & South Kalamb (~1000 km) traversing through the states of Rajasthan, Gujarat and Maharashtra, and construction of 400kV transmission lines traversing through the state of Rajasthan along with the associated bays. The project also involves installation of two SynCon units at Barmer-II PS along with the associated bays. First Published: Sep 03 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Power Grid Corporation of India (POWERGRID) has been declared the successful bidder under Tariff Based Competitive Bidding (TBCB) for establishing an Inter-State Transmission System to evacuate 6 GW of renewable power from Rajasthan REZ Phase-IV. The company has quoted annual transmission charges of Rs 3,244.33 crore and received the Letter of Intent (LoI) on 2 September 2026. The project includes setting up 6,000 MW 800 kV HVDC terminals at Barmer-II in Rajasthan and South Kalamb in Maharashtra, along with augmentation of the South Kalamb substation. It also involves construction of an approximately 1,000-km 800 kV HVDC bipole transmission line between Barmer-II and South Kalamb, passing through Rajasthan, Gujarat and Maharashtra. The project will be developed on a Build, Own, Operate and Transfer (BOOT) basis and also includes installation of two SynCon units at Barmer-II Power Station. The Power Grid Corporation of India is a Maharatna CPSU and Indias largest electric power transmission company. On a year-on-year basis, net profit slipped 0.88%, while revenue from operations increased 2.68%. Shares of Power Grid Corporation of India rose 0.67% to Rs 269.30 on the BSE. First Published: Sep 03 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 03 2026 | 9:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Balu Forge Industries announced the successful acquisition of a state-of-the-art ring rolling production line capable of producing forged rings up to 6.7 meters in Outer Diameter (OD). With this acquisition, Balu Forge Industries becomes one of the largest ring rolling facilities in India, significantly expanding the nation's domestic heavy manufacturing capabilities. By commissioning machinery of this unprecedented scale, the company is perfectly positioned to meet the escalating demands of next-generation infrastructure, heavy industry, and advanced technology sectors. Balu Forge Industries is now better positioned to drastically reducing the reliance on imported ultra-large forged & precision machined parts. The ring rolling production line will commence the production trial before the end of 2026. First Published: Sep 03 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty September 2026 futures were up 17.50 points, indicating a positive opening for the Nifty 50. The Foreign Currency Non-Resident Bank (FCNR-B) deposits brought in $127.2 billion, while overseas foreign-currency borrowings contributed $5.26 billion and external commercial borrowings $3.89 billion, according to provisional data from the Reserve Bank of India (RBI). The central bank said the total inflows stood at $136.4 billion by August 31. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 6,688.37 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,812.98 crore in the Indian equity market on 2 September 2026, according to provisional data. FPIs sold shares worth Rs 4496.01 crore in September so far, through 2 September 2026. This follows net cash purchases of Rs 17,366 crore in August 2026, while they were net buyers of Rs 6,731.97 crore in July 2026. Global Markets: Asian stocks rose on Thursday, tracking gains on Wall Street, as easing concerns over a prolonged US-Iran conflict helped lift risk appetite. Brent crude eased around 0.6% to $95.10 a barrel after rising more than 8% over the previous three sessions, as US President Donald Trump indicated that renewed attacks on Iran were unlikely to continue for long. The easing in oil prices also helped global bond markets stabilise, with US Treasury yields retreating from recent multi-year highs. Investors, however, remain focused on the conflict and its impact on energy supplies. Wall Street rebounded on Wednesday, with the Dow Jones Industrial Average rising 295.01 points, or 0.56%, to 53,061.89, while the S&P 500 gained 35.16 points, or 0.46%, to 7,666.63. The Nasdaq Composite advanced 118.05 points, or 0.45%, to 26,217.83. The recovery was supported by buying in technology and other recently weak stocks, although oil prices remained elevated amid the ongoing conflict. The market focus has also shifted to US labour-market data. Private-sector hiring increased at a slower pace in August, while traders are watching Friday's nonfarm payrolls report for confirmation of whether labour-market weakness could influence the Fed's interest-rate decision. Markets are currently pricing roughly a 66% probability of a 25-basis-point rate hike in September. Domestic Market: Key equity indices came under broad-based selling pressure on Wednesday as escalating US-Iran tensions drove crude oil prices higher and heightened concerns over inflation, interest rates and economic growth. The Nifty ended below the 23,950 mark, led by auto and IT shares, while oil & gas stocks gained. The broader market also weakened, with midcap and smallcap indices falling over 0.5% each. Brent crude crossed $95 a barrel, while higher global bond yields added to pressure on equities. India's sensitivity to imported crude amplified concerns over inflation and the economic impact of a prolonged disruption in the Middle East. The S&P BSE Sensex declined 373.90 points or 0.49% to 76,570.35. The Nifty 50 index lost 141.35 points or 0.59% to 23,914.45. In the three consecutive sessions, the Sensex declined 0.90%, while the Nifty fell 1.08%. First Published: Sep 03 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of LIC Housing Finance and SAIL are banned from F&O trading on 3 September 2026. New Listings: Lumino Industries will list on the stock exchanges today. The IPO was subscribed 117.78 times. The offer received bids for 744.41 crore shares as against 6.32 crore shares on offer. The issue opened for bidding on 27 August 2026 and it will close on 31 August 2026. Stocks to Watch: Hexaware Technologies has appointed Vivek Jetley as CEO-designate. He will join the company and assume the role of CEO on October 28, 2026. Srikrishna Ramakarthikeyan will step down as CEO and as a member of the Board of Directors, effective October 28, 2026. He will continue with the company as senior advisor to facilitate a smooth leadership transition. Housing & Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with the Government of Bihar to provide financial assistance of up to Rs 25,000 crore over five years for the development of industrial infrastructure, including land acquisition for industrial park projects. Power Grid Corporation of India has received a Letter of Intent (LoI) for an interstate transmission system project for evacuation of power from Rajasthan REZ Phase-IV on a build, own, operate and transfer (BOOT) basis, with quoted annual transmission charges of Rs 3,244.33 crore. The project involves establishing 6,000 MW 800 kV HVDC terminals at Barmer-II in Rajasthan and the South Kalamb substation in Maharashtra, along with augmentation of the South Kalamb substation. Page Industries has received a notice from the Dubai Court regarding a claim initiated by Yellow Flower Trading LLC (YFT), Dubai, arising from disputes over the parties distribution arrangement in the UAE. The claim amount is AED 113.5 million, along with interest at 9% per annum from October 10, 2025, the claimed date of alleged unlawful termination, until full payment. ICICI Bank has completed the purchase of 2.9 crore equity shares, representing approximately 2% of ICICI Prudential Life Insurance Companys equity share capital, for around Rs 1,470 crore. The acquisition was executed through multiple tranches between July 22 and September 2, 2026. Following the acquisition, ICICI Banks shareholding in ICICI Prudential Life Insurance stands at approximately 52.8%. First Published: Sep 03 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The inflows included $127.23 billion through Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits, while overseas foreign currency borrowings (OFCBs) contributed $5.26 billion and external commercial borrowings (ECBs) accounted for $3.89 billion. The RBI had introduced the special USD-INR forex swap facility on 8 June 2026, covering FCNR(B) deposits, ECB and OFCB inflows. The scheme for FCNR(B) deposits remained open until 31 August 2026, while the facility for ECBs and OFCBs will remain open until 31 December 2026. The central bank said the figures are provisional and subject to final reporting, accounting and reconciliation. First Published: Sep 03 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty may test 23,600, says Ajit Mishra; bets on BEML among others First Published: Sep 03 2026 | 8:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brent and WTI swung between gains of as much as $2 a barrel and losses of $1 a barrel during the previous trading session | Representative Picture Oil prices edged lower on Thursday as investors weighed the uncertainty of renewed military strikes between the US and Iran that risk disrupting supplies from the Middle East. Brent crude futures fell 43 cents, or 0.45 per cent, to $95.2 a barrel at 0029 GMT, ?while US West Texas Intermediate crude futures were down 24 cents, or 0.26 per cent, at $90.77. The latest attacks were the most substantial exchange of fire between the US and Iran since July, with the war now in its seventh month. Brent and WTI swung between gains of as much as $2 a barrel and losses of $1 a barrel during the previous trading session. The session highs for both benchmarks were the highest since July 24. Oil prices retreated on tentative signs that the latest flare-up was easing, with no confirmed exchange of fire since around midday on Wednesday, Sydney time, IG ?analyst Tony Sycamore said in a note. US President Donald Trump said on Wednesday that the renewed US campaign against Iran would not continue for "too long" and that US forces had targeted Iran's radar and missile systems. "We took out all of the new equipment that they tried to build along the Strait of Hormuz - some defensive, some offensive ... It was a very heavy attack last night, and we're prepared to do another one any time we want," Trump said. "If that easing holds, and it is a big if, it won't ?be long before oil moving out of the Strait via dark-ship transits and ship-to-ship transfers returns to the levels we saw at the end of last week," Sycamore said. Four ?commodity vessels transited the Strait of Hormuz, below the 10-day average of around 13, preliminary ?shipping data from Kpler showed on Wednesday. Iran also added more ships to the list of vessels it deems non-compliant and subject to fines, confiscation or detention if they ?try to sail through the strait. The US said on Tuesday that 17 million barrels of oil transited the Strait of Hormuz on Monday, calling it the largest volume of crude ?to pass through the waterway since the US-Israeli war on Iran began. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 03 2026 | 8:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock indexes mostly rose on Wednesday after three days of declines as investors watched for new developments in the US-Iran conflict, while the Japanese yen rose sharply against the US dollar. It was not immediately clear what prompted the yen move. The currency had retraced over the last month about half of the gains made after a rare joint intervention by the US and Japan at the end of July. The yen was last up 0.79 per cent at 158.92 per dollar. US Treasury yields eased from multi-year highs. The rise in borrowing costs ?across major economies had deepened concerns about tighter monetary policy and deteriorating fiscal conditions. Investors remained focused on Iran. Fears of renewed escalation gripped the Middle East after the US and Iran exchanged their biggest barrage since July. The flare-up threatens to deepen a conflict that has dragged on since the US launched strikes on Iran in February. Oil prices rose about 1 per cent amid worries about further disruption to energy supplies. Brent crude futures gained 98 cents, or 1 per cent, to settle at $95.63 a barrel. US West Texas Intermediate crude futures rose 79 cents, or 0.9 per cent, to settle at $91.01. Wall Street stocks ended higher in a partial rebound from their recent fall, which was tied to the escalation in the Middle East and the global bond selloff. "We're seeing a little bit of a relief rally in stocks after the underperformance that came" with higher yields, said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey. Investors may be looking for bargains after the recent selling, he said. "The (US) economy itself remains strong, so one of the difficulties in investing in stocks is that a strong economy often leads to higher rates, and ?you have that tension between good earnings and the potential for the competition that bonds can offer... Most investors have remained committed to stocks." The Dow Jones Industrial Average rose 295.07 points, or 0.56 per cent, to 53,061.95, the S&P 500 climbed 35.13 points, or 0.46 per cent, to 7,666.60 and the Nasdaq Composite was up 118.05 points, or 0.45 per cent, to 26,217.83. MSCI's gauge of stocks across the globe was 0.14 points higher at 1,142.87 after ending lower for the previous three sessions. The pan-European STOXX 600 index fell 0.24 per cent. The yield on benchmark US 10-year Treasury notes shed 0.2 basis point to 4.794 per cent and was on track to snap its longest streak of daily gains since March. The yield hit an earlier high of 4.818 per cent, its highest since November 1, 2023. The yield on 10-year Japanese government bonds held above 3 per cent for a second straight session after hitting a three-decade high earlier this week. Traders have recently increased bets on a Federal Reserve interest rate hike. They now assign a roughly two-in-three chance that the Fed will deliver a 25-basis-point rate ?increase this month, up from 37 per cent a week ago, according to CME Group's FedWatch tool. Ahead of the Fed's September 15 to 16 meeting, investors are looking to upcoming US economic data for clues on whether the economy remains strong enough to justify monetary policy tightening. The key monthly US jobs report is due on Friday. On Wednesday, the US ADP National ?Employment Report showed private employment rose by 38,000 jobs last month, below the 48,000 increase expected by economists polled by Reuters, after an upwardly revised 46,000 in July. "We're in this situation ?now where policy becomes very difficult, and then you get data like today in the ADP number, which was a miss, showing a pretty slow pace of growth," said Thomas Urano, co-chief investment officer at Sage Advisory in Austin, Texas. Policy meetings of the European Central Bank and the Bank of Japan will also ?be closely watched as markets gauge how far major central banks are prepared to tighten policy in response to persistent inflation risks. Hawkish BOJ board member Hajime Takata said on Wednesday that the central bank should conduct interest rate hikes nimbly to counter intensifying inflationary pressures, rather than adhere to a fixed semiannual pace anticipated by markets. In ?the metals market, spot gold rose 1.33 per cent to $4,386.29 an ounce. (Reporting by Caroline Valetkevitch in New York; Additional reporting by Medha Singh in Bengaluru, Chuck Mikolajczak in New York and Gregor Stuart Hunter in Singapore; Editing by Gareth Jones, Philippa Fletcher and Jamie Freed) (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 03 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indo-Tech Transformers has received purchase orders from Andhra Pradesh Transmission Corporation (AP TRANSCO) for manufacture and supply of 26 power transformers worth Rs 165.55 crore. Indo Tech Transformers is engaged in the business of manufacturing power and distribution transformers and various special application transformers, mobile substation transformers, and substations. The company reported a 34.06% rise in net profit to Rs 25.70 crore on a 39.02% rise in net sales to Rs 227.89 crore in Q1 FY27 as compared with Q1 FY26. Shares of Indo Tech Transformers fell 3.67% to close at Rs 3,569.95 on the BSE. First Published: Sep 03 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: Meesho, SAIL, ICICI Bank, L&T Fin, Blue Star, OMCs & more First Published: Sep 03 2026 | 7:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 03 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BEML, Raymond, IFCI: 3 breakout stocks on Bonanza’s radar First Published: Sep 03 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty to remain range-bound; Jatin Gedia recommends Meesho, 2 others First Published: Sep 03 2026 | 7:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market rout brings dividend stocks in limelight: Time to switch? First Published: Sep 03 2026 | 7:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 03 2026 | 12:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 02 2026 | 7:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 02 2026 | 7:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 02 2026 | 7:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 02 2026 | 7:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 02 2026 | 7:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
oseph Anantharaju, Co-Chairman & CEO of Happiest Minds This article has been processed by AI. It is not an official market report and should not be considered financial advice.
oseph Anantharaju, Co-Chairman & CEO of Happiest Minds This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 02 2026 | 6:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee traded in a tight range and settled for the day at 94.97 (provisional) on Wednesday, recording a marginal loss of 2 paise as the support from foreign capital inflows was negated by weak local equities and a strong US dollar. Brent crude prices have risen to USD 95 per barrel and the dollar index is hovering around 99.80 on a bout of risk aversion on renewed US-Iran tensions. Moreover, market participants have raised the probability of a hike in interest rates by the US Federal Reserve in September, pushing US Treasury yields higher and triggering a broad dollar rally. Indian shares fell notably on Wednesday to extend recent losses amid hawkish Federal Reserve expectations and escalating Middle East tensions. The BSE Sensex falling 373.93 points (0.49%) to settle at 76,570.35 and the NSE Nifty 50 dropping 141.35 points (0.59%) to finish at 23,914.45. First Published: Sep 02 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Also expands PROMAXX series with 47 HT PROMAXX and the 50 PROMAXX Escorts Kubota marked three decades of its Farmtrac brand in India with two new offerings. The 6055 Classic 'Dark Edition' is the first all-black tractor in the Farmtrac portfolio, a 55 HP category model offered in both two-wheel drive (2WD) and four-wheel drive (4WD) variants. Alongside it, the PROMAXX series has been expanded under "PROMAXX 2.0" with two new models, the 47 HT PROMAXX (47 HP) and the 50 PROMAXX (50 HP category), both available in 2WD and 4WD. The company operates three tractor brands in India, namely Kubota, Farmtrac and Powertrac, catering to premium, entry-premium and value segments respectively. Escorts launched Farmtrac in 1995, and the brand today spans the 26 HP to 60 HP range in India. The Farmtrac 6055 Classic 'Dark Edition' is powered by a robust four-cylinder, 3682 cc engine that delivers maximum torque of 247 Nm, ensuring performance under demanding field conditions. It carries a 2,500 kg heavy-duty hydraulic lift, premium LED lighting and a heat shield, and has been designed for progressive farmers and larger landholdings that require high productivity and durability. Built to handle a wide range of advanced applications, it is suited to implements including the super seeder, laser leveler, reversible mould board (MB) plough, rotavator and harrow, as well as heavy haulage. The PROMAXX 2.0 range, comprising the 47 HT PROMAXX and the 50 PROMAXX, is powered by Farmtrac's advanced 3514 cc HT (High Torque) engine delivering up to 230 Nm of torque. Both models carry a 12 forward and 3 reverse gearbox, a creeper speed option and a spacious flat platform for operator comfort. Engineered to meet the evolving needs of modern farming, the range combines higher torque, advanced technology and 4WD variants that are capable to support demanding applications. First Published: Sep 02 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 88.66 lakh shares as against 68.49 lakh shares on offer. The issue opened for bidding on 31 August 2026 and will close on 2 September 2026. The price band of the IPO is fixed between Rs 546 and 575 per share. An investor can bid for a minimum of 26 equity shares and multiples thereof. The IPO is entirely a fresh issue of shares worth Rs 680 crore. At upper price band of Rs 575, the fresh issuance is of 1,18,26,087 shares. There is no offer for sale (OFS) component. The funds raised to the tune of Rs 371.12 crore will be used towards investment in the companys wholly owned subsidiary, PSL Retail for expenditure towards lease liabilities of experience centres, and back-end offices in India; Rs 138.9 crore will be utilised towards funding sales and marketing expenses to be incurred by the company and the balance to be used for general corporate purposes. Ahead of the IPO, Purple Style Labs (PSL) on Friday, 28 August 2026, raised 305.99 crore from anchor investors. The board allotted 53.21 lakh shares at Rs 575 each to 10 anchor investors. Purple Style Labs (PSL) is a multi-brand luxury omni-channel fashion platform operating under Pernias Pop-Up Shop (PPUS), offering a curated portfolio of luxury fashion products across womenswear, menswear, jewellery, accessories and kidswear, with a focus on wedding and occasion wear. PSL operates through an omni-channel business model comprising experience centers, its website, mobile application, telephonic and digital sales channels, events and exhibitions. <> As of 31st March 2026, PSL sources products from 1,109 active designer brands, including Seema Gujral, Anushree Reddy, Amit Aggarwal and Rohit Gandhi & Rahul Khanna. The company operated 14 experience centres globally as of 31 March 2026, with 12 located in India and one each in London, UK, and New York, USA. The firm reported a consolidated net loss of Rs 285.40 crore and sales of Rs 557.84 crore for the twelve months ended on 31 March 2026. First Published: Sep 02 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Sep 02 2026 | 5:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Yotta Data Services First Published: Sep 02 2026 | 5:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KFin Technologies announced enhanced details for its next-generation Conversational Intelligence & Investor Servicing Platform, ARYA. ARYA brings end-to-end transactional capabilities directly into natural language conversation, enabling investors to move seamlessly from inquiry and analysis to compliant transaction execution over KFintech's secure Registrar and Transfer Agent (RTA) infrastructure. The platform serves investors, distributors and AMC servicing teams, and ships both as a deployment for AMC clients and embedded within KFintech's own investor and distributor portals. KFintech's ARYA is scheduled to launch at the Global Fintech Fest on 10 September 2026, at the Pavilion Hall of the Jio World Convention Centre, Stall W24, as an invite-only standalone platform (arya.kfintech.com), drawing on the early-access waitlist. It rolls out to distributors through KFintech's IRIS portal and to investor's through KFin Investor Portal in October 2026, alongside deployments in AMC client environments. The staged rollout is deliberate: because ARYA's models run entirely on KFintech's own infrastructure rather than a third-party AI cloud, each phase is matched to the GPU capacity KFintech is building out to serve it, scaling access in step with self-hosted inference capacity rather than sending investor data outside the perimeter to grow faster. The roadmap includes non-commercial transactions, WhatsApp integration, voice interaction, multilingual support, and LOB adapters for NPS and wealth servicing. First Published: Sep 02 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Key equity indices came under broad-based selling pressure on Wednesday as escalating US-Iran tensions drove crude oil prices higher and heightened concerns over inflation, interest rates and economic growth. The Nifty ended below the 23,950 mark, led by auto and IT shares, while oil & gas stocks gained. The broader market also weakened, with midcap and smallcap indices falling over 0.5% each. Brent crude crossed $95 a barrel, while higher global bond yields added to pressure on equities. India's sensitivity to imported crude amplified concerns over inflation and the economic impact of a prolonged disruption in the Middle East. The S&P BSE Sensex declined 373.90 points or 0.49% to 76,570.35. The Nifty 50 index lost 141.35 points or 0.59% to 23,914.45. In the three consecutive sessions, the Sensex declined 0.90%, while the Nifty fell 1.08%. Mahindra & Mahindra (down 2.12%), HDFC Bank (down 1.56%) and ICICI Bank (down 0.80%) were major Nifty drags today. In the broader market, the BSE 150 MidCap Index dropped 0.55% and the BSE 250 SmallCap Index fell 0.51%. The market breadth was negative. On the BSE, 1,914 shares rose and 2,428 shares fell. A total of 242 shares were unchanged. Numbers to Track: In the commodities market, Brent crude for the October 2026 settlement jumped 22 cents or 0.23% to $94.87 a barrel. The yield on India's 10-year benchmark federal paper rose 0.26% to 6.975 compared with the previous session close of 6.957. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.9700 compared with its close of 95.9500 during the previous trading session. MCX Gold futures for the 5 October 2026 settlement shed 0.89% to Rs 1,50,378. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.18% to 99.85. The United States 10-year bond yield rose 0.38% to 4.812. Global Markets: European stocks declined while Asian shares fell sharply on Wednesday as a global bond selloff intensified, pushing borrowing costs higher and weighing on equity valuations. Renewed US-Iran hostilities drove Brent crude above $95 a barrel, raising concerns over energy-driven inflation and the outlook for global growth. The US 10-year Treasury yield climbed to 4.81%, its highest level since November 2023, while Japan's 10-year yield rose above 3%. European shares also came under pressure, with the STOXX 600 falling to a one-month low as higher oil prices and bond yields heightened concerns over monetary policy. Wall Street extended its decline on Tuesday, with the Dow Jones Industrial Average falling 418.97 points, or 0.79%, to 52,766.93. The S&P 500 declined 54.67 points, or 0.71%, to 7,631.47, while the Nasdaq Composite dropped 271.11 points, or 1.03%, to 26,099.77. The selloff followed a sharp rise in oil prices after renewed military action between the US and Iran raised concerns over supply disruptions through the Strait of Hormuz. Higher energy prices have intensified inflation concerns and contributed to a global bond selloff. Markets are also reassessing the Federal Reserve's interest-rate outlook. The probability of a 25-basis-point rate hike at the Fed's 16 September meeting has risen to about 67%, compared with 39.6% a week earlier, following hawkish comments from Fed officials. US economic data released overnight presented a mixed picture. The ISM Manufacturing PMI eased to 54.6 in August from 55.6 in July, indicating that manufacturing activity continued to expand, but at a slower pace. The New Orders Index declined to 53.7 from 56.7, while the Employment Index fell to 51.2 from 52.8. The Prices Index remained elevated at 71.1, pointing to continued input-cost pressures. The US labour market remained relatively resilient, with JOLTS job openings rising by 89,000 to 7.271 million in July. However, hiring fell by 278,000 to 5.054 million, while the hires rate declined to 3.2%, suggesting some moderation in labour-market momentum despite continued demand for workers. US construction spending also weakened, falling 0.5% in July to a seasonally adjusted annual rate of $2.158 trillion. The decline added to signs of softer activity in parts of the US economy. Investors will now track upcoming US labour-market data, including the nonfarm payrolls report due Friday, for further clues on the Federal Reserve's policy path. The combination of elevated oil prices, persistent price pressures and signs of softer economic activity is likely to keep markets volatile. New Listings: Shares of Annu Projects settled at Rs 77.90 on the BSE, representing a discount of 21.31% as compared with the issue price of Rs 99. The stock debuted at Rs 75 on the BSE, a discount of 24.24% over its issue price. The stock has hit a high of Rs 78.74 and a low of Rs 71.25. On the BSE, over 10.39 lakh shares of the company were traded in the counter. Stocks in Spotlight: Hero MotoCorp dropped 4.59% after its August sales showed a 1.53% drop in motorcycle volumes and a 24.56% decline in exports, despite a 2.65% rise in total sales. Eicher Motors fell 3.24% despite an 11% increase in Royal Enfield motorcycle sales to 1,26,479 units. The selling pressure across automobile stocks reflected broader caution in the market as rising global crude oil prices raised concerns over higher fuel and freight costs across the automotive supply chain. Higher oil prices can also fuel inflation and weigh on consumer spending, potentially affecting vehicle demand. Coal India rose 4.05% after the company reported a 5.50% increase in total coal supplies to 60.60 million tonnes (MT) in August FY27 from 57.40 MT in August FY26. Adani Ports and Special Economic Zone (APSEZ) added 1.53% after the company said that the company had handled its highest ever monthly cargo volume of 50MMT in a single month during August 2026. The cargo volume is higher by 19% as compared with the figure of 41.9 MMT recorded in August 2025. Nephrocare Health Services rose 0.35%. Nephroplus Health Services Kazakhstan LLP, the company's step-down subsidiary, has entered into a sale & purchase agreement with Aizhan Slambekovna Zhambulova for acquisition of 100% stake in Dialysis Center Almaty LLP for Rs 11.63 crore. Dialysis Center Almaty is engaged in the business of providing dialysis services through its dialysis centres in Kazakhstan. EMS jumped 2.95% after the company received the lowest bidder (L-1) status from the Directorate of Local Bodies, Government of Rajasthan, for a sewerage project. The estimated order value is approximately Rs 218.65 crore. BEML added 3.42% after the company has secured an additional order worth Rs 180.60 crore from Integral Coach Factory for manufacturing & supply of Vande Bharat (Sleeper) trainsets. IPO Update: Purple Style labs received bids for 88,40,338 shares as against 68,49,816 shares on offer, according to stock exchange data at 16:42 IST on 2 September 2026. The issue was subscribed 1.29 times. The issue opened for bidding on 31 August 2026 and will close on 2 September 2026. The price band of the IPO is fixed between Rs 546 and 575 per share. An investor can bid for a minimum of 26 equity shares and multiples thereof. Deepa Jewellers received bids for 6,39,05,772 shares as against 1,85,20,085 shares on offer, according to stock exchange data at 16:42 IST on 2 September 2026. The issue was subscribed 3.45 times. The issue opened for bidding on 1 September 2026 and will close on 3 September 2026. The price band of the IPO is fixed between Rs 168 and 177 per share. An investor can bid for a minimum of 84 equity shares and multiples thereof. Rays of Belief received bids for 1,09,76,480 shares as against 31,37,810 shares on offer, according to stock exchange data at 16:42 IST on 2 September 2026. The issue was subscribed 3.50 times. The issue opened for bidding on 1 September 2026 and will close on 3 September 2026. The price band of the IPO is fixed between Rs 227 and 239 per share. An investor can bid for a minimum of 62 equity shares and multiples thereof. First Published: Sep 02 2026 | 5:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 02 2026 | 5:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From TPSODL and TPWODL Sugs Lloyd has received Letters of Intent (LOIs) aggregating Rs 214.27 crore, including GST, from TP Southern Odisha Distribution (TPSODL) and TP Western Odisha Distribution (TPWODL) for distribution network maintenance and allied works in Odisha. The contracts will be executed over a three-year period from 1 October 2026 to 30 September 2029. Following these orders, the Company's contracted network-maintenance revenue in Odisha is expected to increase to approximately Rs 60 crore annually, compared with around Rs 12 crore currently. First Published: Sep 02 2026 | 5:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mangalam Global Enterprise (MGEL) has appointed Darshak Mehta as Chief Executive Officer (CEO) of NEAT Everyday, effective 01 September 2026, as part of the company's senior management personnel. As part of its efforts to strengthen the leadership of NEAT Everyday and support its next phase of expansion, the appointment brings seasoned retail leadership to the brand as it focuses on building a differentiated and scalable consumer wellness platform. With his extensive experience in leading large, multi-site retail operations, Mehta will support NEAT Everyday's ambition to deepen its market presence, strengthen execution across channels and build a robust foundation for long-term growth. First Published: Sep 02 2026 | 5:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 02 2026 | 5:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coforge introduced a new enterprise AI offering, Coforge AI Launchpad, which enables organizations to build, fine-tune, deploy, and operate a self-owned AI stack entirely within their own controlled environments. Despite open-weight AI models gaining mainstream enterprise adoption, the journey from pilot to production remains difficult for many organizations due to talent shortages, fragmented infrastructure, and governance and auditability requirements. Powered by Coforge Nuuron, Coforge AI Launchpad was designed to overcome these barriers with an integrated platform and managed services approach that allows organizations to route workloads across open-weight and frontier models based on business, regulatory, performance, and economic requirements without being locked into a single technology stack. "Enterprises spent the first wave of AI renting intelligence. The next wave will be about owning it," said Anup Nair, Chief AI Commercial Officer, Coforge. "Too many companies are building critical capabilities inside environments they don't fully control. Coforge AI Launchpad gives clients the transparency, flexibility, and governance they need to create AI on their own terms and evolve it as their business evolves." First Published: Sep 02 2026 | 4:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's refurbished smartphone market is reportedly seeing growing demand for newer and higher-priced devices First Published: Sep 02 2026 | 4:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Inds, HDFC Bank and BSE were top traded contracts. In the cash market, the Nifty 50 index declined 141.35 points or 0.59% to 23,914.45. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.34% to 11.34. Reliance Industries, HDFC Bank and Bombay Stock Exchange (BSE) were the top-traded individual stock futures contracts in the F&O segment of the NSE. The September 2026 F&O contracts will expire on 29 September 2026. First Published: Sep 02 2026 | 4:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 02 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Milky Mist Dairy Food surged 8.92% to Rs 252.65, extending gains for second consecutive session. The scrip has added 19.80% in two sessions, from its recent closing low of Rs 210.90 recorded on 31 August 2026. On the technical front, the stocks RSI (14) was currently at 100. An RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition. On the daily chart, the scrip is trading above its 10-day, 20-day and 100-day simple moving averages placed at 212.07, 132.09 and 26.42, respectively. Milky Mist Dairy Food had announced its earnings for the quarter ended on 30 June 2026 post market hours on Monday (31 August 2026). The company reported a consolidated net profit of Rs 64.68 crore in Q1 FY27, which is nearly 9.91x the PAT figure of Rs 6.53 crore recorded in Q1 FY26. Revenue from operations increased by 43.6% year-on-year (YoY) to Rs 973.45 crore during the period under review, supported by healthy sales performance across the entire product portfolio, reflecting broad-based growth. The summer portfolio recorded a strong YoY growth, due to an extended summer season, particularly across the Southern India. Gross profit jumped 56.1% to Rs 333.02 crore in Q1 FY27 from Rs 213.34 crore in Q1 FY26. The gross profit expansion was primarily driven by higher volume growth, improved product mix and pricing ability. While EBITDA improved by 74.5% to Rs 144.89 crore, EBITDA margin expanded by 264 basis points to 14.88% in Q1 FY27 over Q1 FY26. Profit before tax in Q1 FY27 stood at Rs 73.51 crore, up by 606% from Rs 10.41 crore recorded in Q1 FY26. In Q1 FY27, the company has commissioned a new cheddar cheese plant with the installed capacity to 120 MT per day. K Rathnam, wholetime director and chief executive officer, Milky Mist Dairy Food, said: "We have started FY27 with a strong performance, with Revenue from operations growing 43.6% YoY to Rs 973.45 crore in Q1 FY27. The gross profit expansion was primarily driven by higher volume growth, improved product mix and pricing ability. As we look ahead to FY27, our focus will remain on driving profitable growth through portfolio expansion, operating discipline and investments in our manufacturing and distribution capabilities. We will continue to expand our range of value-added food products, strengthen our brands and distribution network, and increase our presence across markets. We remain focused on improving efficiency and leveraging scale while balancing investments for future growth with disciplined execution and financial performance. With the capabilities we have built and the opportunities ahead, we are confident of strengthening our position in the value-added FMCG space and delivering sustainable growth over the year." Milky Mist has established strong positions in categories such as packaged paneer, cheese, curd and yogurt, while premium pricing and increasing focus on value-added products support its FMCG-like business model. The company plans to expand manufacturing capacities, strengthen milk procurement and distribution, and pursue strategic acquisitions to enter new markets, geographies and product categories. The stock had debuted on the domestic bourses at a price of Rs 165 a piece. It has added 53.12% in the last two weeks. The initial public offer of Milky Mist Dairy Food was subscribed 56.12 times. The issue opened for bidding on 10 August 2026, and it closed on 13 August 2026. The price band of the IPO is fixed between Rs 133 and 140 per share. First Published: Sep 02 2026 | 4:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Selling pressure was seen in auto, media and IT stocks, while oil & gas, realty and PSU Bank shares advanced. As per provisional closing data, the barometer index, the S&P BSE Sensex declined 373.90 points or 0.49% to 76,570.35. The Nifty 50 index lost 141.35 points or 0.59% to 23,914.45. In the three consecutive trading sessions, the Sensex declined 0.90% while the Nifty fell 1.08%. In the broader market, the BSE 150 MidCap Index dropped 0.55% and the BSE 250 SmallCap Index fell 0.51%. The market breadth was negative. On the BSE, 1,922 shares rose and 2,419 shares fell. A total of 243 shares were unchanged. In the commodities market, Brent crude for the November 2026 settlement jumped 48 cents or 0.51% to $95.13 a barrel. New Listings: Shares of Annu Projects were at Rs 78.74 on the BSE, representing a discount of 20.46% as compared with the issue price of Rs 99. The stock debuted at Rs 75 on the BSE, a discount of 24.24% over its issue price. The stock has hit a high of Rs 78.74 and a low of Rs 71.25. On the BSE, over 10.38 lakh shares of the company were traded in the counter. IPO Update: Purple Style labs received bids for 85,63,178 shares as against 68,49,816 shares on offer, according to stock exchange data at 15:30 IST on 2 September 2026. The issue was subscribed 1.25 times. The issue opened for bidding on 31 August 2026 and will close on 2 September 2026. The price band of the IPO is fixed between Rs 546 and 575 per share. An investor can bid for a minimum of 26 equity shares and multiples thereof. Deepa Jewellers received bids for 5,54,29,836 shares as against 1,85,20,085 shares on offer, according to stock exchange data at 15:30 IST on 2 September 2026. The issue was subscribed 2.99 times. The issue opened for bidding on 1 September 2026 and will close on 3 September 2026. The price band of the IPO is fixed between Rs 168 and 177 per share. An investor can bid for a minimum of 84 equity shares and multiples thereof. Rays of Belief received bids for 98,19,994 shares as against 31,37,810 shares on offer, according to stock exchange data at 15:30 IST on 2 September 2026. The issue was subscribed 3.13 times. The issue opened for bidding on 1 September 2026 and will close on 3 September 2026. The price band of the IPO is fixed between Rs 227 and 239 per share. An investor can bid for a minimum of 62 equity shares and multiples thereof. Buzzing Index: The Nifty Auto index declined 1.79% to 27,981.95. The index plunged 4.23% in the six consecutive trading sessions. Hero MotoCorp (down 4.95%), Eicher Motors (down 3.53%), Sona BLW Precision Forgings (down 3.25%), Bosch (down 2.82%), Uno Minda (down 2.7%), Tube Investments of India (down 2.4%), Exide Industries (down 2.33%), Bajaj Auto (down 2.14%), Mahindra & Mahindra (down 2.09%) and Ashok Leyland (down 1.88%) declined. Stocks in Spotlight: Coal India rose 3.88% after the company reported a 5.50% increase in total coal supplies to 60.60 million tonnes (MT) in August FY27 from 57.40 MT in August FY26. Adani Ports and Special Economic Zone (APSEZ) added 1.63% after the company said that the company had handled its highest ever monthly cargo volume of 50MMT in a single month during August 2026. The cargo volume is higher by 19% as compared with the figure of 41.9 MMT recorded in August 2025. Nephrocare Health Services rose 0.29%. Nephroplus Health Services Kazakhstan LLP, the company's step-down subsidiary, has entered into a sale & purchase agreement with Aizhan Slambekovna Zhambulova for acquisition of 100% stake in Dialysis Center Almaty LLP for Rs 11.63 crore. Dialysis Center Almaty is engaged in the business of providing dialysis services through its dialysis centres in Kazakhstan. EMS jumped 2.97% after the company received the lowest bidder (L-1) status from the Directorate of Local Bodies, Government of Rajasthan, for a sewerage project. The estimated order value is approximately Rs 218.65 crore. BEML added 3.32% after the company has secured an additional order worth Rs 180.60 crore from Integral Coach Factory for manufacturing & supply of Vande Bharat (Sleeper) trainsets. Global Markets: European equities were declined while their Asian peers ended sharply lower on Wednesday as a relentless global bond market rout continued to drain liquidity and undermine stock valuations. Renewed US-Iran hostilities pushed crude oil prices higher and heightened concerns over inflation and sustainability of global growth rates. Wall Street extended its decline on Tuesday, with the Dow Jones Industrial Average falling 418.97 points, or 0.79%, to 52,766.93. The S&P 500 declined 54.67 points, or 0.71%, to 7,631.47, while the Nasdaq Composite dropped 271.11 points, or 1.03%, to 26,099.77. The selloff followed a sharp rise in oil prices after renewed military action between the US and Iran raised concerns over supply disruptions through the Strait of Hormuz. Brent crude rose to around $95 a barrel on Wednesday, its highest level in five weeks, after gaining for a second consecutive session. Higher energy prices have intensified inflation concerns and contributed to a global bond selloff. The US 10-year Treasury yield climbed to around 4.80%, while Japan's 10-year government bond yield approached 3%, adding to pressure on equity valuations. Markets are also reassessing the Federal Reserve's interest-rate outlook. The probability of a 25-basis-point rate hike at the Fed's 16 September meeting has risen to about 67%, compared with 39.6% a week earlier, following hawkish comments from Fed officials. US economic data released overnight presented a mixed picture. The ISM Manufacturing PMI eased to 54.6 in August from 55.6 in July, indicating that manufacturing activity continued to expand, but at a slower pace. The New Orders Index declined to 53.7 from 56.7, while the Employment Index fell to 51.2 from 52.8. The Prices Index remained elevated at 71.1, pointing to continued input-cost pressures. The US labour market remained relatively resilient, with JOLTS job openings rising by 89,000 to 7.271 million in July. However, hiring fell by 278,000 to 5.054 million, while the hires rate declined to 3.2%, suggesting some moderation in labour-market momentum despite continued demand for workers. US construction spending also weakened, falling 0.5% in July to a seasonally adjusted annual rate of $2.158 trillion. The decline added to signs of softer activity in parts of the US economy. Investors will now track upcoming US labour-market data, including the nonfarm payrolls report due Friday, for further clues on the Federal Reserve's policy path. The combination of elevated oil prices, persistent price pressures and signs of softer economic activity is likely to keep markets volatile. First Published: Sep 02 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices rose for a third straight session as tensions between the US and Iran increased concerns about inflation and energy supplies. Higher inflation fears pushed bond yields higher, with Japans 10-year government bond yield reaching 3% for the first time since 1996. Expectations of a Bank of Japan rate hike also weighed on sentiment. Governor Kazuo Ueda said policymakers need to pay closer attention to rising price risks, strengthening expectations of a possible rate increase later this month. Technology and AI-related stocks led the decline. Advantest fell 2.5%, Fujikura dropped 3.9%, Taiyo Yuden lost 4.6%, Tokyo Electron declined 3.4%, and SoftBank Group slid 6.4%. Financial, consumer and industrial stocks also recorded notable losses. First Published: Sep 02 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Shanghai Composite dropped 0.97% to 3,941.4, while the Shenzhen Component fell 1.88% to 13,611.6. Rising oil prices and growing tensions in the Middle East increased concerns about supply disruptions and higher inflation, raising expectations that major central banks may keep interest rates high for longer. Investors also watched developments between China, Russia and the US. Putin and Xi discussed the possibility of a trilateral meeting with Trump during Chinas APEC summit in November, while Xi is expected to visit Washington later this month for talks with Trump. Energy and technology stocks were among the biggest decliners. PetroChina fell 1.49% and CNOOC dropped 2.14%, while Zhongji Innolight, Eoptolink Technology and Victory Giant Technology lost 4.29%, 4.00% and 3.35%, respectively. First Published: Sep 02 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The firm had applied to Sebi in April for a Category-I merchant banking licence. First Published: Sep 02 2026 | 3:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The report projects India’s e-commerce market to grow at a compound annual growth rate (CAGR) of 18.4 per cent. First Published: Sep 02 2026 | 3:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ESAF Small Finance Bank (ESFBL) said that CARE Ratings has revised its outlook on the bank to 'stable' from 'negative' while reaffirming the rating at 'CARE A-'. The agency has affirmed the bank's short-term rating at 'CARE A1. CARE Ratings stated that the revision reflects material moderation in fresh slippages and asset-quality stress, and the resultant improvement in the banks profitability. After five consecutive quarters of losses (from Q2FY25 to Q2FY26), the bank started reporting profits from Q3FY26 and the profits have been growing quarter-on-quarter. The bank undertook a significant portfolio clean-up, including the sale of NPAs aggregating Rs 1,019 crore to asset reconstruction companies in FY26. Slippages declined sequentially from Rs 468 crore in Q1FY26 to Rs 75 crore in Q1FY27. Consequently, gross non-performing assets (GNPA) and net NPA (NNPA) moderated to 5.40% and 0.83%, respectively, as on 30 June 2026 (8.54% and 3.83%, respectively, as on 30 September 2025), while net stressed assets to net worth declined to 11.9% (45.9% as on 30 September 2025). Moderation in slippages, recovery in margins and improved operating efficiency supported a sequential turnaround in profitability with profit after tax (PAT) improving from a loss of Rs 116 crore in Q2FY26 to profits of Rs 80 crore in Q1FY27. The operating profile has been strengthened by the significant portfolio rebalancing as the share of microfinance loans/ Unsecured loans declined from 69% of gross advances as on 31 March 2024, to 38% as on June 30, 2026. micro, small and medium enterprise (MSME), agriculture, retail and gold (MARG) portfolio contributed 56% of gross advances, while emerging household loans (includes individual microfinance loans and other loans) accounted for 32% as on 30 June 2026. Diversification of portfolio should support stability in earnings and in asset-quality in the medium term, although the increasing concentration in gold loans (42% as on June 2026) and the lower yields associated with secured lending could keep margins lower than the historical highs in FY24. The ratings continue to derive strength from ESFBLs experienced management and granular retail deposit franchise. ESAF Small Finance Bank is a Kerala-based small finance bank (SFB). The bank is currently focused on retail banking business with presence in micro-finance, housing finance, business loans, loan against property (LAP), gold loans and providing financing solutions for marginal customers who lack access to the formal banking and financing channels while providing a comprehensive banking and digital platform for all. The bank received scheduled bank status from RBI on 27 December 2018. The scrip advanced 1.23% to end at Rs 42.01 on the BSE today. First Published: Sep 02 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's e-commerce sector is projected to grow nearly three times to $345 billion by 2030 from $125 billion in 2024, propelled by the rapid expansion of quick commerce and artificial intelligence (AI) integration, according to a report released on Wednesday. According to the report titled 'Smart Growth in a Fast Market' by research consultancy Infisum, the market is expected to grow at a compound annual growth rate (CAGR) of 18.4 per cent through 2030. The report highlights that the country's dark store network is set to nearly triple from 2,525 in 2025 to approximately 7,500 by 2030 to meet the surging demand for rapid deliveries. "India's e-commerce sector is entering a transformative phase of growth and innovation, with the market projected to nearly triple from $ 125 billion in 2024 to $ 345 billion by 2030. "Quick commerce is the fastest-growing segment within India's e-commerce ecosystem. Valued at an estimated $ 65-70 billion by 2030, the segment is expected to contribute 45-50 per cent of incremental e-retail growth over the next five years," the report stated. In the competitive quick commerce segment, Blinkit leads with a 44 per cent market share, having processed 900 million orders in FY26. It is followed by Zepto and Swiggy Instamart with market shares of 25 per cent and 20 per cent, respectively. The report identifies Gen Z as a primary driver of growth, already accounting for nearly one-third of online shoppers. It is expected to become the country's largest digital spending cohort by 2030. Furthermore, the expansion is moving beyond metropolitan areas, with 66 per cent of new direct-to-consumer (D2C) orders now originating from Tier II and Tier III cities. By the end of the decade, e-commerce is expected to account for 10-12 per cent of India's total retail spending and contribute 2.5 per cent to the national GDP, serving an estimated 420-440 million online shoppers. On the technological front, AI and machine learning are projected to improve retail productivity by 35-37 per cent by 2030. Innovations such as conversational commerce, AI-powered shopping assistants, and virtual try-ons are fundamentally changing consumer discovery and purchase patterns. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 02 2026 | 3:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vishal Mega Mart (VMM) added 2.15% to Rs 109.30 after India Ratings and Research upgraded the company's long-term (LT) rating to 'IND AA+' from 'IND AA', with a 'stable' outlook. The agency has affirmed the company's short-term rating at IND A1+. India Ratings and Research stated that the upgrade reflects healthy revenue growth driven by steady same-store sales growth and sustained profit margins in FY26, supported by economies of scale and a rising contribution from private labels. The ratings continue to draw comfort from the companys established market position as the leading offline first diversified retailer in the country. Vishal Mega Mart has a diversified presence pan-India, including Tier I, Tier II cities and towns, and continues to expand with new store rollouts through an asset-light model. The companys financial risk profile remains strong, supported by a debt-free balance sheet (excluding lease liabilities), substantial unencumbered liquidity, and robust debt protection metrics. However, these strengths, have exposure to the susceptibility of operating performance to economic downcycles and inflationary pressures, risks associated to sizeable expansions, and exposure to increasing competition from offline as well as online retailers across segments. Vishal Mega Mart is a leading retailer offerings products across three major categories: apparel, GM, and FMCG. The company operates a pan-India network of 819 Vishal Mega Mart stores, covering 13.8 million square feet, as on 30 June 2026. First Published: Sep 02 2026 | 3:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kamanwala Housing Construction Ltd, Secmark Consultancy Ltd, Kalyani Forge Ltd and RDB Real Estate Construction Ltd are among the other losers in the BSE's 'B' group today, 02 September 2026. Kamanwala Housing Construction Ltd, Secmark Consultancy Ltd, Kalyani Forge Ltd and RDB Real Estate Construction Ltd are among the other losers in the BSE's 'B' group today, 02 September 2026. Bharat Global Developers Ltd lost 9.98% to Rs 131.3 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 59551 shares were traded on the counter so far as against the average daily volumes of 1.11 lakh shares in the past one month. Kamanwala Housing Construction Ltd crashed 9.15% to Rs 15. The stock was the second biggest loser in 'B' group.On the BSE, 2705 shares were traded on the counter so far as against the average daily volumes of 7993 shares in the past one month. Secmark Consultancy Ltd tumbled 9.02% to Rs 137.25. The stock was the third biggest loser in 'B' group.On the BSE, 627 shares were traded on the counter so far as against the average daily volumes of 1065 shares in the past one month. Kalyani Forge Ltd fell 8.37% to Rs 994.1. The stock was the fourth biggest loser in 'B' group.On the BSE, 5717 shares were traded on the counter so far as against the average daily volumes of 2607 shares in the past one month. RDB Real Estate Construction Ltd corrected 7.96% to Rs 133. The stock was the fifth biggest loser in 'B' group.On the BSE, 321 shares were traded on the counter so far as against the average daily volumes of 7201 shares in the past one month. First Published: Sep 02 2026 | 3:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IFCI Ltd notched up volume of 3070.38 lakh shares by 14:14 IST on NSE, a 6.51 fold spurt over two-week average daily volume of 471.38 lakh shares Nuvama Wealth Management Ltd, Poly Medicure Ltd, UTI Asset Management Company Ltd, New India Assurance Company Ltd are among the other stocks to see a surge in volumes on NSE today, 02 September 2026. IFCI Ltd notched up volume of 3070.38 lakh shares by 14:14 IST on NSE, a 6.51 fold spurt over two-week average daily volume of 471.38 lakh shares. The stock rose 13.33% to Rs.98.89. Volumes stood at 221.92 lakh shares in the last session. Nuvama Wealth Management Ltd clocked volume of 12.33 lakh shares by 14:14 IST on NSE, a 5.43 times surge over two-week average daily volume of 2.27 lakh shares. The stock gained 3.39% to Rs.1,845.50. Volumes stood at 4.31 lakh shares in the last session. Poly Medicure Ltd witnessed volume of 6.58 lakh shares by 14:14 IST on NSE, a 4.82 times surge over two-week average daily volume of 1.36 lakh shares. The stock increased 1.30% to Rs.1,779.20. Volumes stood at 1.8 lakh shares in the last session. UTI Asset Management Company Ltd clocked volume of 3.95 lakh shares by 14:14 IST on NSE, a 4.74 times surge over two-week average daily volume of 83441 shares. The stock lost 0.23% to Rs.877.45. Volumes stood at 1.12 lakh shares in the last session. New India Assurance Company Ltd recorded volume of 180.39 lakh shares by 14:14 IST on NSE, a 4.46 times surge over two-week average daily volume of 40.48 lakh shares. The stock gained 7.67% to Rs.200.02. Volumes stood at 15.75 lakh shares in the last session. First Published: Sep 02 2026 | 3:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
World Bank President Ajay Banga said that India has the potential to grow beyond its current 7 to 8 per cent trajectory. Mr. Banga described the countrys latest economic performance as robust despite global energy pressures, trade uncertainty and the impact of El Ni. The World Bank chief said the latest growth figures reflected the strength of Indias underlying economy. The World Bank president pointed to growth in services and exports along with sustained investment. He said India was doing substantial work on roads, bridges, airports, power, water and digitisation. First Published: Sep 02 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Varroc Engineering Ltd, Avalon Technologies Ltd, Balu Forge Industries Ltd and Hero MotoCorp Ltd are among the other losers in the BSE's 'A' group today, 02 September 2026. Varroc Engineering Ltd, Avalon Technologies Ltd, Balu Forge Industries Ltd and Hero MotoCorp Ltd are among the other losers in the BSE's 'A' group today, 02 September 2026. R R Kabel Ltd crashed 7.89% to Rs 2641.35 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 37184 shares were traded on the counter so far as against the average daily volumes of 26619 shares in the past one month. Varroc Engineering Ltd tumbled 6.89% to Rs 814.65. The stock was the second biggest loser in 'A' group.On the BSE, 20785 shares were traded on the counter so far as against the average daily volumes of 65447 shares in the past one month. Avalon Technologies Ltd lost 6.00% to Rs 2179.7. The stock was the third biggest loser in 'A' group.On the BSE, 24166 shares were traded on the counter so far as against the average daily volumes of 30958 shares in the past one month. Balu Forge Industries Ltd plummeted 5.96% to Rs 584.8. The stock was the fourth biggest loser in 'A' group.On the BSE, 66952 shares were traded on the counter so far as against the average daily volumes of 1.45 lakh shares in the past one month. Hero MotoCorp Ltd slipped 4.96% to Rs 5269.95. The stock was the fifth biggest loser in 'A' group.On the BSE, 2.68 lakh shares were traded on the counter so far as against the average daily volumes of 36424 shares in the past one month. First Published: Sep 02 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Consequent to the allotment, the paid up equity share capital has increased to Rs 71,53,55,716 consisting of 35,76,77,858 equity shares having face value of Rs 2/- each. First Published: Sep 02 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 02 2026 | 2:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 02 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Media shares declined after gaining in the previous trading session. At 14:25 IST, the barometer index, the S&P BSE Sensex declined 490.11 points or 0.64% to 76,448.32. The Nifty 50 index tanked 178.45 points or 0.75% to 23,875.45. In the broader market, the BSE 150 MidCap Index tumbled 0.73% and the BSE 250 SmallCap Index dropped 0.59%. The market breadth was weak. On the BSE, 1,692 shares rose and 2,566 shares fell. A total of 234 shares were unchanged. Buzzing Index: The Nifty Media index declined 1.50% to 1,538.10. The index rose 0.26% in the past trading session. Network 18 Media & Investments (down 3.03%), Saregama India (down 2.96%), Zee Entertainment Enterprises (down 2.37%), D B Corp (down 2%), Hathway Cable & Datacom (down 1.9%), Prime Focus (down 1.48%), Tips Music (down 1.42%), PVR Inox (down 0.9%), Nazara Technologies (down 0.83%) and Sun TV Network (down 0.69%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.23% to 6.973 compared with the previous session close of 6.957. In the foreign exchange market, the rupee lowered against the dollar. The partially convertible rupee was hovering at 94.9625 compared with its close of 94.9500 during the previous trading session. MCX Gold futures for 5 October 2026 settlement declined 0.64% to Rs 1,50,773. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.06% to 99.74. The United States 10-year bond yield rose 0.15% to 4.803. In the commodities market, Brent crude for the November 2026 settlement rose 5 cents or 0.05% to $94.70 a barrel. Stock in Spotlight: NMDC shed 0.92%. The company reported a 20.77% year-on-year (YoY) increase in iron ore production to 4.07 million tonnes (MT) in August 2026, compared with 3.37 MT in August 2025. First Published: Sep 02 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE shares slide 15% since CAS implementation; Jefferies flags options hit First Published: Sep 02 2026 | 2:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
V2 Retail (VRL) said that India Ratings and Research has upgraded the company's long-term rating to 'IND A' from 'IND A-' with a 'positive' outlook. The agency has also upgraded VRL's short-term rating to IND A1 from IND A2+. India Ratings and Research stated that the upgrade reflects VRL's healthy scale growth of over 60% YoY, driven by a sustained expansion of its store network, strong same-store sales growth, and efficient inventory management, which collectively supported a steady improvement in the EBITDA to over 4,544 million in FY26. The upgrade also factors in VRL's established position in India's value retail segment, with its growing geographical diversification, particularly in tier-2 and smaller cities, providing a competitive advantage and supporting revenue growth and earnings visibility. Furthermore, the company's asset-light expansion strategy has enabled it to expand its footprint with limited capital intensity while maintaining financial flexibility. Therefore, the execution of the company's expansion strategy and the performance of newly added stores are key rating monitorables. V2 Retail is a leading apparel retailer catering to the three major categories, i.e. women, men, and kids wear, with its 381 stores located primarily in Indias tier-2 and smaller cities spread across 4.07 million square feet as on 30 June 2026. The scrip fell 1.13% to currently trade at Rs 218.55 on the BSE. First Published: Sep 02 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
While monthly flows moderated in July, the category continued to command a significant share of equity mutual fund flows. Flexi-cap mutual fund schemes attracted nearly Rs 50,000 crore in net inflows during January-July 2026, marking a 27 per cent increase over the year-ago period, as investors increasingly favoured equity strategies that can dynamically move across market-cap segments. The strong flow momentum has been accompanied by a sharp expansion in the investor and asset base. Flexi-cap fund folios rose to 2.44 crore in July 2026 from 1.94 crore a year earlier, adding around 50 lakh investor accounts. Assets under management of the category stood at around Rs 6 trillion as of July 2026, up from Rs 4.94 trillion in July 2025, according to data from the Association of Mutual Funds in India (Amfi). While monthly flows moderated in July, the category continued to command a significant share of equity mutual fund flows. Flexi-cap funds received Rs 4,709 crore in July, compared with Rs 5,231 crore in June. "The category has seen robust growth in both folios and assets. Flexi-cap funds recorded the highest folio growth of 25.7 per cent year-on-year, with robust inflows translating into a market share of 19 per cent last month and 27 per cent over the last 12 months of total net equity flows," Chirag Mehta, CIO, Quantum AMC told PTI. According to Mehta, the rising inflows reflect more than a search for returns, with investors increasingly moving away from rigid market-cap bets towards manager-led allocation. "Investors appear to prefer strategies that can adapt quickly rather than those locked into a particular market-cap segment," he said. Flexi-cap funds give fund managers the freedom to allocate across large-, mid- and small-cap companies depending on valuations and emerging opportunities. This flexibility, Mehta said, has gained importance amid global interest-rate movements, geopolitical developments, earnings divergence and elevated valuations. The category's strong fund flows have been visible through the year. According to the industry data, flexi-cap schemes recorded net inflows of Rs 49,915 crore during January-July 2026. The March quarter alone saw inflows of Rs 24,651 crore, and the June quarter saw Rs 20,555 crore. In July, schemes registered inflows of Rs 4,709 crore. This was in comparison to an inflow of Rs 39,187 crore during the January-July period of 2025. Against this backdrop, Quantum Mutual Fund has launched the Quantum Flexi Cap Fund, an open-ended dynamic equity scheme investing across large-, mid- and small-cap stocks. The fund seeks to differentiate itself through a "profit-pool migration" approach, which focuses on identifying shifts in where economic value is being created within an industry's value chain. The strategy looks for businesses that are gaining a larger share of industry economics because of factors such as disruption, consolidation, changing consumer preferences or regulatory changes. It combines this approach with a GARP (Growth at a Reasonable Price) framework and bottom-up stock selection. "Most flexi-cap funds focus on market-cap flexibility; Quantum Flexi Cap Fund adds a unique lens of profit-pool migration," Mehta said. The approach seeks to identify businesses positioned to benefit from changing industry economics before such opportunities become obvious to the broader market, he added. The New Fund Offer (NFO) opened on August 21 and will close on September 4. The scheme will reopen for continuous sale and repurchase on September 11. Quantum Mutual Fund offers a total of 14 schemes after nearly 20 years of operations. AlphaGrep Flexi Cap Fund NFO was open for subscription from July 21 to August 4. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 02 2026 | 2:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To develop and maintain 225 MW / 450 MWh BESS project for AP Transco BHBPL has been established as a dedicated Special Purpose Vehicle (SPV) to undertake the development and execution of the project, including project financing, procurement, construction, commissioning, ownership, operation and maintenance, as applicable under the project agreements. The project is designed to provide grid-scale energy storage capacity and associated energy management services, supporting the evolving power requirements of Andhra Pradesh. The BESS infrastructure is expected to play an important role in facilitating renewable energy integration, grid balancing, peak-load management and enhanced power-system flexibility. First Published: Sep 02 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bond yields spike globally: What should be your fixed income strategy? Illustration: Binay Sinha First Published: Sep 02 2026 | 2:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE Utilities index rose over 1% in an otherwise weak trade on Wednesday. First Published: Sep 02 2026 | 2:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Yotta Data Services plans to launch an IPO in the January-March quarter of 2027. Indian data centre operator Yotta Data Services plans to launch an IPO in the January-March quarter of 2027, CEO Sunil Gupta told Reuters, as it seeks to capitalise on booming demand for AI computing ?infrastructure. The Hiranandani Group-backed firm is looking to file draft IPO papers in October and aims to raise up to $1.5 billion to repay debt, buy graphics processing units and expand sovereign cloud infrastructure that keeps data within national borders, he said. The move comes as demand for AI computing infrastructure surges and global tech giants, including Google and Amazon, expand their presence in India. Yotta is currently raising pre-IPO capital and expects the IPO portion to be smaller than initially planned because much of its fundraising target has already been met, Gupta said, declining ?to disclose revenue or the amount raised so far. Gupta said in a LinkedIn post last month that Yotta had raised $150 million in primary growth capital at a valuation of about 370 billion rupees ($3.9 billion). Data centre operators are increasingly turning to public markets as rising GPU costs and strong demand for computing capacity increase capital requirements. Yotta says it is India's largest provider of Nvidia -powered AI computing infrastructure. Gupta said India was becoming an attractive destination for AI infrastructure investment as power constraints and GPU shortages slow ?expansion in the United States and Europe, while geopolitical tensions create uncertainty in the Middle East. "India is again coming to be a big green market for everybody," ?he said, adding that global clients account for 75%-80% of Yotta's customer base. Gupta said ?a 20-year tax holiday announced by the Indian government in February for foreign firms using local data centres had boosted confidence among overseas customers. Yotta is also exploring ?financing structures under which partners would purchase GPUs through special-purpose vehicles, share revenue generated by the chips and eventually transfer ownership to Yotta after four to five ??years, ?Gupta said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 02 2026 | 2:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NMDC reported a 20.77% year-on-year (YoY) increase in iron ore production to 4.07 million tonnes (MT) in August 2026, compared with 3.37 MT in August 2025. Iron ore production in the Chhattisgarh division increased 19.46% YoY to 2.64 MT in August 2026 from 2.21 MT in August 2025, while sales rose 10.09% YoY to 2.51 MT from 2.28 MT. The Karnataka division reported a 23.28% YoY increase in production to 1.43 MT from 1.16 MT, while sales declined 3.60% YoY to 1.07 MT from 1.11 MT. NMDC is engaged in the exploration and production of iron ore along with diamond production and the sale of sponge iron and the generation and sale of wind power. The company's net profit rose 97.61% to Rs 50.51 crore on an 8.81% increase in revenue to Rs 3661.84 crore in Q1 FY27 as compared with Q1 FY26. Shares of NMDC fell 0.82% to Rs 84.86 on the BSE. First Published: Sep 02 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Overseas Bank is quoting at Rs 32.02, down 0.77% on the day as on 13:19 IST on the NSE. The stock jumped 8.95% in last one year as compared to a 3.41% slide in NIFTY and a 22.61% spurt in the Nifty PSU Bank index. Indian Overseas Bank dropped for a fifth straight session today. The stock is quoting at Rs 32.02, down 0.77% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.77% on the day, quoting at 23871.2. The Sensex is at 76450.83, down 0.64%.Indian Overseas Bank has lost around 6.1% in last one month.Meanwhile, Nifty PSU Bank index of which Indian Overseas Bank is a constituent, has eased around 0.01% in last one month and is currently quoting at 8505.75, down 0.24% on the day. The volume in the stock stood at 21.89 lakh shares today, compared to the daily average of 21.41 lakh shares in last one month. The PE of the stock is 10.8 based on TTM earnings ending June 26. First Published: Sep 02 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Punjab & Sind Bank is quoting at Rs 22.54, down 0.18% on the day as on 13:19 IST on the NSE. The stock jumped 8.95% in last one year as compared to a 3.41% slide in NIFTY and a 22.61% spurt in the Nifty PSU Bank index. Punjab & Sind Bank is down for a fifth straight session today. The stock is quoting at Rs 22.54, down 0.18% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.77% on the day, quoting at 23871.2. The Sensex is at 76450.83, down 0.64%.Punjab & Sind Bank has lost around 5.13% in last one month.Meanwhile, Nifty PSU Bank index of which Punjab & Sind Bank is a constituent, has eased around 0.01% in last one month and is currently quoting at 8505.75, down 0.24% on the day. The volume in the stock stood at 14.37 lakh shares today, compared to the daily average of 10.14 lakh shares in last one month. The PE of the stock is 11.59 based on TTM earnings ending June 26. First Published: Sep 02 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The proposed entity has been established to conduct its offshore operations locally in line with the Company's marine strategy to diversified its fleet globally. This development further reinforces APSEZ's strategy to build one of the world's largest integrated marine platforms, while expanding the geographic reach of its marine business. First Published: Sep 02 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
UltraTech Cement announced today that it will scale up its electric vehicle fleet in its logistics operations to 600+ EV trucks by December 2026. UltraTech has signed service contracts with leading EV prime mover manufacturers including Tata Motors, Ashok Leyland, IPLTech, Energy in Motion and Sany along with their subsidiaries and other third-party logistic providers to deploy EV trucks. The total fleet of 600+ EV trucks will transport about five million MT of clinker and other key materials per annum across Gujarat, Uttar Pradesh, Madhya Pradesh, Rajasthan, Chhattisgarh, Maharashtra and Odisha. Once fully operational, this fleet of over 600 EV trucks will enable a net annual COreduction of more than 1,17,000 tonnes, displacing the equivalent of 39 million litres of diesel per year. First Published: Sep 02 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 02 2026 | 1:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nephrocare Health Services said that Nephroplus Health Services Kazakhstan LLP has entered into a sale & purchase agreement with Aizhan Slambekovna Zhambulova for acquisition of 100% stake in Dialysis Center Almaty LLP. Nephroplus Health Services Kazakhstan LLP is a overseas step-down subsidiary of Nephrocare Health Services. Dialysis Center Almaty LLP is a limited liability partnership incorporated under the laws of the Republic of Kazakhstan. The company is engaged in the business of providing dialysis services through its dialysis centres in Kazakhstan. The company had recorded turnover of KZT 527.44 million (approx. Rs 10.93 crore) for the calendar year 2025. Nephrocare Health Services stated that this acquisition is in line with the companys existing business and its strategy of expanding its dialysis services network in international markets. The acquisition is expected to strengthen the companys presence and operating platform in Kazakhstan and support the further expansion of its dialysis services business in the region. Nephrocare Health would acquire the said stake for a cash consideration of KZT 561.66 million (approx. Rs 11.63 crore), subject to downward adjustments, if any, in accordance with the terms of the SPA. "The acquisition will be completed upon satisfaction or waiver, as applicable, of the conditions precedent and completion of the closing actions contemplated under the SPA," Nephrocare Health Services said in a statement. Nephrocare Health Services provides end-to-end dialysis care through a wide network of clinics across India and select international markets. The company had reported 34.89% rise in consolidated net profit to Rs 31.97 crore on a 23.69% increase in revenue to Rs 281.75 crore in Q1 FY27 as compared with Q1 FY26. The scrip rose 0.27% to currently trade at Rs 691.25 on the BSE. First Published: Sep 02 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ICDS Ltd, Sri KPR Industries Ltd, Tijaria Polypipes Ltd and Antelopus Selan Energy Ltd are among the other gainers in the BSE's 'B' group today, 02 September 2026. ICDS Ltd, Sri KPR Industries Ltd, Tijaria Polypipes Ltd and Antelopus Selan Energy Ltd are among the other gainers in the BSE's 'B' group today, 02 September 2026. AKI India Ltd spiked 20.00% to Rs 5.52 at 02-Sep-2026 EOD IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 5.49 lakh shares were traded on the counter so far as against the average daily volumes of 22572 shares in the past one month. ICDS Ltd soared 20.00% to Rs 57.91. The stock was the second biggest gainer in 'B' group. On the BSE, 6345 shares were traded on the counter so far as against the average daily volumes of 344 shares in the past one month. Sri KPR Industries Ltd surged 19.98% to Rs 29.13. The stock was the third biggest gainer in 'B' group. On the BSE, 23870 shares were traded on the counter so far as against the average daily volumes of 2116 shares in the past one month. Tijaria Polypipes Ltd added 19.91% to Rs 7.77. The stock was the fourth biggest gainer in 'B' group. On the BSE, 38329 shares were traded on the counter so far as against the average daily volumes of 22906 shares in the past one month. Antelopus Selan Energy Ltd spurt 12.50% to Rs 892. The stock was the fifth biggest gainer in 'B' group. On the BSE, 3.19 lakh shares were traded on the counter so far as against the average daily volumes of 8165 shares in the past one month. First Published: Sep 02 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India Glycols Ltd, Coal India Ltd, Raymond Ltd and Redington Ltd are among the other gainers in the BSE's 'A' group today, 02 September 2026. India Glycols Ltd, Coal India Ltd, Raymond Ltd and Redington Ltd are among the other gainers in the BSE's 'A' group today, 02 September 2026. IFCI Ltd soared 8.12% to Rs 94.39 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 127.86 lakh shares were traded on the counter so far as against the average daily volumes of 22.94 lakh shares in the past one month. India Glycols Ltd spiked 4.98% to Rs 241.3. The stock was the second biggest gainer in 'A' group. On the BSE, 13291 shares were traded on the counter so far as against the average daily volumes of 17844 shares in the past one month. Coal India Ltd surged 4.19% to Rs 419.35. The stock was the third biggest gainer in 'A' group. On the BSE, 27.12 lakh shares were traded on the counter so far as against the average daily volumes of 21.78 lakh shares in the past one month. Raymond Ltd jumped 4.08% to Rs 661. The stock was the fourth biggest gainer in 'A' group. On the BSE, 65498 shares were traded on the counter so far as against the average daily volumes of 30686 shares in the past one month. Redington Ltd rose 3.94% to Rs 363.05. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3.4 lakh shares were traded on the counter so far as against the average daily volumes of 5.29 lakh shares in the past one month. First Published: Sep 02 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Technical outlook on MCX India, Ather Energy and Welspun Corp by Amit Trivedi of YES Securities. First Published: Sep 02 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coforge, OFSS defy ?6 trillion rout in IT stocks, rally up to 59% YTD | Illustration: Ajaya Mohanty First Published: Sep 02 2026 | 12:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 12:30 IST, the barometer index, the S&P BSE Sensex tanked 649.03 points or 0.84% to 76,295.25. The Nifty 50 index lost 228.75 points or 0.95% to 23,828.10. In the broader market, the BSE 150 MidCap Index fell 1.05% and the BSE 250 SmallCap Index shed 0.85%. The market breadth was weak. On the BSE, 1,475 shares rose and 2,648 shares fell. A total of 221 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 2.89% to 11.83. The Nifty 29 September 2026 futures were trading at 23,960, at a premium of 131.9 points as compared with the spot at 23,828.10. The Nifty option chain for the 29 September 2026 expiry showed a maximum call OI of 65.9 lakh contracts at the 25,000 strike price. A maximum put OI of 65.4 lakh contracts was seen at the 24,000 strike price. Buzzing Index: The Nifty Realty index fell 1.77% to 875.50. The index jumped 4.64% in the six consecutive trading sessions. Godrej Properties (down 3.21%), Brigade Enterprises (down 2.35%), DLF (down 2.33%), Anant Raj (down 2.18%), Prestige Estates Projects (down 2.11%), Sobha (down 1.84%), Aditya Birla Real Estate (down 1.78%), Oberoi Realty (down 1.71%), Lodha Developers (down 1.46%) and Phoenix Mills (down 0.57%) tanked. Stocks in Spotlight: EMS surged 6.16% after the company received the Lowest Bidder (L-1) status from the Directorate of Local Bodies, Government of Rajasthan, for a sewerage project. Adani Ports and Special Economic Zone (APSEZ) added 0.63%. The company said that the company had handled its highest ever monthly cargo volume of 50MMT in a single month during August 2026. First Published: Sep 02 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The paid-up share capital of the Bank has accordingly increased from Rs. 6,226,165,660 (3,113,082,830 equity shares of Rs. 2/- each) to Rs. 6,226,490,474 (3,113,245,237 equity shares of Rs. 2/- each). First Published: Sep 02 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IFCI share price neared the ?100-mark after a gap of 18 years. First Published: Sep 02 2026 | 12:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mish Designs announced that its subsidiary, I'Design Fashions, has executed a Business Transfer Agreement to acquire the "DeMoza" brand from Pipin Fashions a move that instantly plugs DeMoza's thriving retail footprint across Reliance Trends, Reliance Trends Fashion Factory, Lulu Malls, and its own Exclusive Brand Outlets straight into the MISH family. In addition, eight existing DeMoza stores will become part of the transaction, further strengthening the Group's retail presence across key markets. First Published: Sep 02 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 02 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 02 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty Auto index dropped 3.24% to 27,567.55 on Wednesday as a renewed surge in crude oil prices following an escalation in US-Iran tensions weighed on sentiment. Maruti Suzuki declined 2.27%, while Bharat Forge (-2.09%), Tube Investments of India (-1.99%), Exide Industries (-1.56%) and Tata Motors Passenger Vehicles (-0.82%) also traded lower. Crude oil prices extended their sharp gains after the US and Iran exchanged strikes overnight, intensifying concerns over potential supply disruptions in the Middle East. Brent crude rose 1.08% to $95.67 a barrel in early trade after surging more than $4 in the previous session. Higher crude prices are a negative for automobile companies as they can raise transportation and other input costs while increasing fuel expenses for consumers. A sustained rise in fuel prices can also weigh on vehicle affordability and demand, particularly in price-sensitive segments. The selloff came despite broadly strong August auto sales, indicating that investors were looking beyond near-term volumes and focusing on the potential impact of higher crude prices, inflation and borrowing costs on future demand. First Published: Sep 02 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil spike weighs on aviation stocks; IndiGo, SpiceJet dive up to 4% First Published: Sep 02 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IT shares declined after advancing in the past trading session. At 11:25 IST, the barometer index, the S&P BSE Sensex declined 660.19 points or 0.86% to 76,284.09. The Nifty 50 index tanked 234 points or 0.96% to 23,824.65. In the broader market, the BSE 150 MidCap Index tumbled 1.18% and the BSE 250 SmallCap Index dropped 0.78%. The market breadth was weak. On the BSE, 1,467 shares rose and 2,524 shares fell. A total of 247 shares were unchanged. In the commodities market, Brent crude for the November 2026 settlement jumped 73 cents or 0.77% to $95.38 a barrel. Initial Public Offer (IPO): Purple Style labs received bids for 19,15,108 shares as against 68,49,816 shares on offer, according to stock exchange data at 11:00 IST on 2 September 2026. The issue was subscribed 0.28 times. The issue opened for bidding on 31 August 2026 and will close on 2 September 2026. The price band of the IPO is fixed between Rs 546 and 575 per share. An investor can bid for a minimum of 26 equity shares and multiples thereof. Deepa Jewellers received bids for 2,80,76,916 shares as against 1,85,20,085 shares on offer, according to stock exchange data at 11:00 IST on 2 September 2026. The issue was subscribed 1.52 times. The issue opened for bidding on 1 September 2026 and will close on 3 September 2026. The price band of the IPO is fixed between Rs 168 and 177 per share. An investor can bid for a minimum of 84 equity shares and multiples thereof. Rays of Belief received bids for 60,51,262 shares as against 31,37,810 shares on offer, according to stock exchange data at 11:03 IST on 2 September 2026. The issue was subscribed 1.93 times. The issue opened for bidding on 1 September 2026 and will close on 3 September 2026. The price band of the IPO is fixed between Rs 227 and 239 per share. An investor can bid for a minimum of 62 equity shares and multiples thereof. Buzzing Index: The Nifty IT index fell 1.39% to 31,060. The index rose 0.98% in the past trading session. Persistent Systems (down 2.23%), Wipro (down 1.92%), Coforge (down 1.61%), HCL Technologies (down 1.49%), Tech Mahindra (down 1.47%), LTM (down 1.4%), Oracle Financial Services Software (down 1.28%), Infosys (down 1.22%), Tata Consultancy Services (down 0.98%) and Mphasis (down 0.84%) declined. Stocks in Spotlight: EMS surged 6.33% after the company received the Lowest Bidder (L-1) status from the Directorate of Local Bodies, Government of Rajasthan, for a sewerage project. The estimated order value, including GST, is approximately Rs 218.65 crore. The project involves sewerage and septage management, including sewer systems with sewage treatment plants and the laying, jointing, testing and commissioning of sewerage systems across six urban local bodies in Ganganagar, Hanuman Nagar and Churu districts. Adani Ports and Special Economic Zone (APSEZ) added 0.67%. The company said that the company had handled its highest ever monthly cargo volume of 50MMT in a single month during August 2026. The cargo volume is higher by 19% as compared with the figure of 41.9 MMT recorded in August 2025. Global Markets: Asian market traded sharply lower on Wednesday, tracking overnight losses on Wall Street as renewed US-Iran hostilities pushed crude oil prices higher and heightened concerns over inflation, interest rates and global growth. Wall Street extended its decline on Tuesday, with the Dow Jones Industrial Average falling 418.97 points, or 0.79%, to 52,766.93. The S&P 500 declined 54.67 points, or 0.71%, to 7,631.47, while the Nasdaq Composite dropped 271.11 points, or 1.03%, to 26,099.77. The selloff followed a sharp rise in oil prices after renewed military action between the US and Iran raised concerns over supply disruptions through the Strait of Hormuz. Brent crude rose to around $95 a barrel on Wednesday, its highest level in five weeks, after gaining for a second consecutive session. Higher energy prices have intensified inflation concerns and contributed to a global bond selloff. The US 10-year Treasury yield climbed to around 4.80%, while Japan's 10-year government bond yield approached 3%, adding to pressure on equity valuations. Markets are also reassessing the Federal Reserve's interest-rate outlook. The probability of a 25-basis-point rate hike at the Fed's 16 September meeting has risen to about 67%, compared with 39.6% a week earlier, following hawkish comments from Fed officials. US economic data released overnight presented a mixed picture. The ISM Manufacturing PMI eased to 54.6 in August from 55.6 in July, indicating that manufacturing activity continued to expand, but at a slower pace. The New Orders Index declined to 53.7 from 56.7, while the Employment Index fell to 51.2 from 52.8. The Prices Index remained elevated at 71.1, pointing to continued input-cost pressures. The US labour market remained relatively resilient, with JOLTS job openings rising by 89,000 to 7.271 million in July. However, hiring fell by 278,000 to 5.054 million, while the hires rate declined to 3.2%, suggesting some moderation in labour-market momentum despite continued demand for workers. US construction spending also weakened, falling 0.5% in July to a seasonally adjusted annual rate of $2.158 trillion. The decline added to signs of softer activity in parts of the US economy. Investors will now track upcoming US labour-market data, including the nonfarm payrolls report due Friday, for further clues on the Federal Reserve's policy path. The combination of elevated oil prices, persistent price pressures and signs of softer economic activity is likely to keep markets volatile. First Published: Sep 02 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The dollar index is seen inching closer to the crucial 100 mark and holding around a 3-week high on Wednesday, as fresh geopolitical tensions between US and Iran are driving oil prices higher and are triggering a new wave of inflationary concerns that could possibly draw down to Federal rate hikes going forward. Global bond yields rose to multi-decade highs as concerns over higher inflation fueled expectations of a Federal Reserve interest-rate increase later this month, curbing appetite for riskier assets. Meanwhile, economic data from the US shows July JOLTS job openings fell below market expectations at 7.27 million, while the ISM Manufacturing PMI eased slightly from 55.6 to 54.6 in August. August jobs report on Friday will now be closely monitored for further clarity. The dollar index that measures the greenback against a basket of currencies is currently quoting at 99.70, up 0.06% on the day following a 0.25% surge yesterday. Among basket currencies, EUR/USD and GBP/USD are both trading lower by 0.08% at $1.1586 and $1.3502 respectively. First Published: Sep 02 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aims to establish early position in surveillance technology segment RRP Defense and ESC BAZ, a globally recognised developer of advanced electro-optical observation systems, have entered into an exclusive association for India to bring ESC BAZ's Diamond - Unique Observation System to the Indian market and explore opportunities across international markets. The association combines ESC BAZ's advanced observation technology with RRP Defense's manufacturing and market capabilities, creating an opportunity to build a new business segment around intelligent surveillance and observation systems. The association provides RRP Defense with the opportunity to establish an early position in a highly specialised surveillance technology segment. First Published: Sep 02 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sumax Engineering traded at Rs 111.10 on the NSE, representing a 10% premium over its issue price of Rs 101. The stock hit a high of Rs 116 and a low of Rs 111 during the session. About 20.92 lakh shares changed hands on the NSE. Sumax Engineering's IPO was subscribed 151.73 times. The issue opened for bidding on 25 August 2026 and it closed on 28 August 2026. The price band of the IPO was fixed between Rs 95 to Rs 101 per share. The IPO comprised 52,87,200 equity shares, including a fresh issue of 42,91,200 equity shares and offer for sale (OFS) of 9,96,000 equity shares. The company intends to utilise the net proceeds towards funding capital expenditure for the construction of its proposed Manufacturing Unit I at Plot No. E-185, RIICO Industrial Area, Karoli, Tehsil Tapukara, Rajasthan, and Manufacturing Unit II at Plot No. P-32, Street No. B, Sector 11, Model Economic Township, Village Nimana, Tehsil Badli, District Jhajjar, Haryana. The proceeds will also be used to fund the companys working capital requirements and for general corporate purposes. Ahead of the IPO, Sumax Engineering on 24 August 2026, raised Rs 14.49 crore from anchor investors. The board allotted 14.35 lakh shares at Rs 101 per share to 10 anchor investors. Sumax Engineering manufactures and trades a wide range of products for the automotive OEM and auto refinish markets. Its portfolio includes adhesive tapes, polishing compounds, buffing pads, reflective tapes, printing solutions, car care products, electrical and pneumatic tools, abrasives, body shop consumables and aerosol products. The company has also entered the Paint Protection Film (PPF) segment, offering protection against scratches, stains and environmental damage. As of 31 March 2026, it had 121 employees. The company recorded revenue from operations of Rs 147.69 crore and net profit of Rs 12.76 crore for the period ended 31 March 2026. First Published: Sep 02 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 02 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sai Life Sciences share price hit a new life-time high in Wednesday's trade. First Published: Sep 02 2026 | 11:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Havells India Ltd recorded volume of 7.35 lakh shares by 10:46 IST on BSE, a 7.74 times surge over two-week average daily volume of 94952 shares Bharat Forge Ltd, Infosys Ltd, Interglobe Aviation Ltd, IFCI Ltd are among the other stocks to see a surge in volumes on BSE today, 02 September 2026. Havells India Ltd recorded volume of 7.35 lakh shares by 10:46 IST on BSE, a 7.74 times surge over two-week average daily volume of 94952 shares. The stock lost 2.43% to Rs.1,203.00. Volumes stood at 3.41 lakh shares in the last session. Bharat Forge Ltd registered volume of 4.73 lakh shares by 10:46 IST on BSE, a 6.11 fold spurt over two-week average daily volume of 77435 shares. The stock slipped 1.79% to Rs.2,018.20. Volumes stood at 2.89 lakh shares in the last session. Infosys Ltd recorded volume of 13.83 lakh shares by 10:46 IST on BSE, a 4.49 times surge over two-week average daily volume of 3.08 lakh shares. The stock lost 1.21% to Rs.1,140.00. Volumes stood at 2.28 lakh shares in the last session. Interglobe Aviation Ltd notched up volume of 2.59 lakh shares by 10:46 IST on BSE, a 4.33 fold spurt over two-week average daily volume of 59815 shares. The stock slipped 2.56% to Rs.4,926.30. Volumes stood at 19076 shares in the last session. IFCI Ltd clocked volume of 108.38 lakh shares by 10:46 IST on BSE, a 3.85 times surge over two-week average daily volume of 28.16 lakh shares. The stock gained 7.98% to Rs.94.27. Volumes stood at 24.26 lakh shares in the last session. First Published: Sep 02 2026 | 11:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 02 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Capri Global Capital has successfully completed its first-ever US Dollar bond issuance, raising US$ 300 million through Senior Secured Notes maturing in 2029. The transaction was managed by a consortium of global banks comprising Barclays, Citi, Deutsche Bank, Emirates NBD and UBS. Bonds were priced at a coupon of 7.55% per annum. The issue was oversubscribed by over 2.3x with an order book exceeding US$ 700 million, across 64 high-quality accounts and the issue saw one of the highest allocations to global real money investors. First Published: Sep 02 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Magellanic Cloud has successfully completed the handover of 685 sites under Phase 1 of its Punjab & Sind Bank deployment by the second week of August 2026. The Company has completed and handed over approximately 74% of the total 930-site deployment scope within a short span of just 5 Months, demonstrating strong execution capabilities, operational efficiency, and the ability to deliver large-scale, distributed surveillance deployments at pace. First Published: Sep 02 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty outlook: Experts say market volatility may rise in September. First Published: Sep 02 2026 | 11:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 02 2026 | 11:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 02 2026 | 10:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty Auto tanks 2%; Eicher, Hero Moto top losers: What's behind the fall? First Published: Sep 02 2026 | 10:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
EMS surged 7.69% to Rs 401.05 after the company received the Lowest Bidder (L-1) status from the Directorate of Local Bodies, Government of Rajasthan, for a sewerage project. The scope also includes a one-year defect liability period and 10 years of operations and maintenance. The project is scheduled to be executed over 18 months. The company said it will provide further updates upon receipt of the Letter of Award (LOA) for the project. EMS provides EPC and O&M services in sewerage, water supply and wastewater infrastructure for government authorities and local bodies. It also undertakes electrical transmission and distribution projects, along with construction and road works. The company specialises in sewerage networks, water and sewage treatment plants, electrical substations, electrification, and transformer installation, testing and commissioning across several Indian states. On a consolidated basis, net profit declined 59.13% YoY to Rs 15.48 crore in Q1 FY26, while net sales declined 34.18% YoY to Rs 157.24 crore. First Published: Sep 02 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani Ports and Special Economic Zone (APSEZ) added 1.22% to Rs 1666 after the company said that the company had handled its highest ever monthly cargo volume of 50MMT in a single month during August 2026. The cargo volume is higher by 19% as compared with the figure of 41.9 MMT recorded in August 2025. For August26, all-round cargo growth was driven by dry cargo (up 25% YoY) and containers (up 15% YoY). During August26, logistics rail volume stood at 54,131 TEUs (representing a sequential increase of 6%). For the April to August 2026 period, APSEZ has handled 234.4 MMT of cargo (up 16% YoY) led by dry cargo (up 17% YoY) and containers (15% YoY). The year-to-date (YTD) logistics rail volume stood at 2,50,461 TEUs (down 33% YoY). Adani Ports and Special Economic Zone is the largest private port operator in India. The company had reported 9.23% rise in consolidated net profit to Rs 3620.40 crore on a 18.57% increase in revenue to Rs 10,820.80 crore in Q1 FY27 as compared with Q1 FY26. First Published: Sep 02 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coal India stock rallied 4% on plans of Mahanadi Coalfields IPO First Published: Sep 02 2026 | 10:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BEML announced that it has secured an additional order worth Rs 180.60 crore from Integral Coach Factory for manufacturing & supply of Vande Bharat (Sleeper) trainsets. The company's consolidated net profit declined 37.46% to Rs 179.82 crore in Q4 FY26 from Rs 287.55 crore in Q4 FY25. Revenue from operations increased 8.57% YoY to Rs 1,794.17 crore in Q4 FY26. Shares of BEML shed 0.58% to Rs 1,960 on the BSE. First Published: Sep 02 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coal India rose 3.88% to Rs 417.20 after the company reported a 5.50% increase in total coal supplies to 60.60 million tonnes (MT) in August FY27 from 57.40 MT in August FY26. For the first five months of FY27 through August, total coal supplies increased 6.70% to 322.90 MT from 302.60 MT in the corresponding period of the previous year. The higher supplies enabled Coal India to liquidate around 55 MT of pithead coal stocks during the period. The company currently has approximately 76 MT of coal available at its pitheads. With intense rainy spells gradually receding and drier months approaching, Coal India said it is preparing to ramp up production and supplies. Separately, Coal India's provisional Single Window Mode Agnostic (SWMA) e-auction data showed that the company offered 210.66 lakh tonnes of coal in August 2026, of which 82.76 lakh tonnes was allocated, representing 39% of the quantity offered. The allocated quantity fetched an average premium of 59% over the notified price. For April-August 2026, Coal India offered 1,291.66 lakh tonnes through e-auctions and allocated 477.40 lakh tonnes, representing 37% of the quantity offered. The allocated quantity recorded an average 46% increase over the notified price. Among subsidiaries, Northern Coalfields (NCL) and North Eastern Coalfields (NEC) recorded 100% allocation of the quantity offered in August. South Eastern Coalfields (SECL) allocated 50%, Western Coalfields (WCL) 48%, Central Coalfields (CCL) 45%, Eastern Coalfields (ECL) 34%, Mahanadi Coalfields (MCL) 30% and Bharat Coking Coal (BCCL) 30%. The e-auction figures are provisional, according to the company's filing dated 1 September 2026. Coal India is India's largest coal producer and a Maharatna public sector undertaking. The company primarily engages in coal mining and production and supplies coal to power, steel, cement, fertilizer and other industrial sectors. On a consolidated basis, Coal India's net profit rose 0.63% to Rs 8852.11 crore while net sales rose 7.77% to Rs 46254.80 crore in Q1 June 2026 over Q1 June 2025. First Published: Sep 02 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Godrej Properties Ltd has lost 6.59% over last one month compared to 3.02% fall in BSE Realty index and 2.76% drop in the SENSEX Godrej Properties Ltd lost 2.55% today to trade at Rs 1933.3. The BSE Realty index is down 1.81% to quote at 6829.83. The index is down 3.02 % over last one month. Among the other constituents of the index, Brigade Enterprises Ltd decreased 2.44% and DLF Ltd lost 2.22% on the day. The BSE Realty index went down 0.73 % over last one year compared to the 4.6% fall in benchmark SENSEX. Godrej Properties Ltd has lost 6.59% over last one month compared to 3.02% fall in BSE Realty index and 2.76% drop in the SENSEX. On the BSE, 3590 shares were traded in the counter so far compared with average daily volumes of 32656 shares in the past one month. The stock hit a record high of Rs 2351.6 on 27 Oct 2025. The stock hit a 52-week low of Rs 1434 on 02 Apr 2026. First Published: Sep 02 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sensex tanks 800 points intraday, Nifty below 23,800: What's spooking D-St? First Published: Sep 02 2026 | 10:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Annu Projects makes lackluster debut, lists at 27% discount on NSE First Published: Sep 02 2026 | 10:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 02 2026 | 10:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With effect from 01 September 2026 Further, incumbent Chief Financial Officer, Ramshankar R, consequent to his elevation as Chief General Manager is in transition to the role of Chief Operating Officer. First Published: Sep 02 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Finance Minister Nirmala Sitharaman has met World Bank President Ajay Banga and discussed further strengthening the partnership between India and the international finance institution to deepen corporate, infrastructure and municipal bond markets. Sitharaman met Banga on the sidelines of the G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting, in Asheville, on Tuesday. The Union Finance Minister appreciated the World Bank Group's continued engagement with India and acknowledged the speedy processing of the Development Policy Financing (DPF) of $1.5 billion," a Finance Ministry statement said. It said Sitharaman appreciated the International Finance Corporation's (IFC) support to MSMEs through SIDBI, which was processed in record time and has had a positive impact on the MSME sector. "The two leaders discussed further strengthening the IndiaWorld Bank Group partnership, including exploring a larger role for MIGA (Multilateral Investment Guarantee Agency) in India to deepen corporate, infrastructure and municipal bond markets through systematic use of guarantees and greater mobilisation of private capital," the Finance Ministry said. Banga appreciated the significant transformation in India's infrastructure and noted the opportunities to further leverage the World Bank Group's instruments to support India's development ambitions, including through MIGA's engagement and political risk insurance for Indian companies investing overseas, the statement said. Sitharaman also highlighted India's engagement with the World Bank Group on establishing a Global Digital Public Infrastructure Knowledge Hub in India, including exploring opportunities to leverage technology in areas such as agriculture, and looked forward to early progress towards its launch. The Union Finance Minister also discussed developing globally competitive tourism destinations under the new IndiaWorld Bank Group Country Partnership Framework, through a coordinated approach combining International Bank for Reconstruction and Development (IBRD) policy and infrastructure support, IFC investment and MIGA guarantees, it said. The two leaders further discussed evolving the partnership from a traditional lender-borrower relationship towards a strategic platform for global knowledge, innovation and private capital mobilisation, combining India's scale and implementation capacity with the World Bank Group's global expertise and financing instruments, the Finance Ministry statement said. Finance Minister Nirmala Sitharaman also met IMF Managing Director Kristalina Georgieva and discussed the global economic outlook and India's evolving growth trajectory. Sitharaman met Georgieva on the sidelines of the G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting, in Asheville, on Tuesday. "The discussion also covered the structural shifts underway in India and the importance of appropriately reflecting these developments in macroeconomic assessments and growth projections," the Finance Ministry said in a statement. It said, the two leaders discussed the global economic outlook and India's evolving growth trajectory. "Excellent exchange of views with India's Finance Minister @nsitharaman - reflecting on India's stellar growth performance, the global outlook, and our shared resolve to work ever-more-closely together," Georgieva said in a post on X. The IMF Managing Director appreciated India's strong economic performance and track record, noting the strength built by the Indian economy, the Finance Ministry statement said. The Finance Minister highlighted India's strong macroeconomic fundamentals and the importance of robust, evidence-based surveillance frameworks that adequately reflect structural shifts in Emerging Markets Developing Economies (EMDEs). The discussions also covered the IMF's capacity development initiatives, including support for strengthening institutional capacity, macroeconomic policymaking and statistical systems in Emerging Markets Developing Economies (EMDEs). Both leaders emphasised the importance of continued India-IMF engagement in strengthening analytical capabilities, supporting sound macroeconomic policies and contributing to global economic resilience. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 02 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of LIC Housing Finance and SAIL are banned from F&O trading on 2 September 2026. New Listings: Annu Projects will list on the stock exchanges today. The IPO was subscribed 2.93 times. The offer received bids for 5.18 crore shares as against 1.76 crore shares on offer. The issue opened for bidding on 24 August 2026 and closed on 27 August 2026. Stocks to Watch: Welspun Corp and Perma-Pipe International Holdings, Inc. have signed a Memorandum of Understanding (MoU) with the developers of Jordans National Water Carrier Project and the Government of the Hashemite Kingdom of Jordan to develop pipe manufacturing and advanced coating facilities in Jordan. Under the MoU, Welspun Corp and Perma-Pipe will establish an integrated pipe manufacturing and coating platform in Jordan, aimed at serving major water, oil & gas and energy projects. Ashiana Housing announced that it recorded area bookings of 1.67 lakh square feet in August, with the value of the area sold aggregating to Rs 165.93 crore. Sical Logistics has received a Letter of Acceptance from Central Coalfields for a five-year contract involving the hiring of heavy earth-moving machinery (HEMM) for overburden removal and coal extraction from a 143-hectare patch of the SDOC Mine in the Dhori area of Jharkhand. The contract has a total value of Rs 534.73 crore. NMDCs total iron ore production increased 20.8% to 4.07 MT in August from 3.37 MT in the year-ago period. Total iron ore sales rose 5.6% to 3.58 MT from 3.39 MT in August 2025. Hero MotoCorp announced that its total sales increased 2.65% to 5.68 lakh units in August from 5.53 lakh units in the corresponding month last year. Motorcycle sales declined 1.5% to 4.93 lakh units from 5.01 lakh units, while exports fell 24.6% to 26,093 units from 34,588 units. Gland Pharma announced that the USFDA conducted a routine GMP inspection at its VSEZ Sterile Oncology formulations facility and API facility in Visakhapatnam from August 24 to September 1, 2026. The inspection concluded with zero Form 483 observations. Adani Green Energy announced that its wholly owned step-down subsidiary, Adani Green Energy Twenty Six A Limited, has operationalised a 139 MW solar power project at Khavda, Gujarat. With the operationalisation of the project, the companys total operational renewable generation capacity has increased to 20,280.80 MW, while total operational battery energy storage system (BESS) capacity stands at 3,551 MWh. Ujjivan Small Finance Bank announced that the RBI has approved the appointment of Carol Furtado, Executive Director, as Interim Chief Executive Officer (CEO) of the bank for a period of three months, effective September 1, 2026, or until the appointment of a regular MD & CEO, whichever is earlier. Carol Furtado will serve as Interim CEO until a regular MD & CEO is appointed or the three-month period ends, whichever is earlier. L&T Finance announced that it has received a perpetual Certificate of Registration (CoR) from the IRDAI to act as a Composite Corporate Agent, effective August 31, 2026, following the expiry of its earlier CoR on August 30. The new perpetual registration enables the company to continue its insurance distribution activities without the need for periodic renewal. Wipro announced that it has renewed its long-standing Digital Workplace Services contract with ABB, under which it will continue delivering end-to-end AI-enabled Digital Workplace Services for ABBs global operations while enhancing employee experience through advanced automation, AI-powered service capabilities and workplace modernisation initiatives. First Published: Sep 02 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty September 2026 futures were down 21.50 points, indicating a negative opening for the Nifty 50. Global markets remained weak amid caution over elevated crude oil prices and surging bond yields, which have heightened inflation concerns amid the escalating US-Iran conflict in the Middle East. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 1,143.38 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,846.94 crore in the Indian equity market on 1 September 2026, according to provisional data. FPIs bought shares worth Rs 17366 crore in August 2026. This follows net cash purchases of Rs 6,731.97 crore in July 2026, while they were net sellers of Rs 53,957.90 crore in June 2026. Global Markets: Asian market traded sharply lower on Wednesday, tracking overnight losses on Wall Street as renewed US-Iran hostilities pushed crude oil prices higher and heightened concerns over inflation, interest rates and global growth. Wall Street extended its decline on Tuesday, with the Dow Jones Industrial Average falling 418.97 points, or 0.79%, to 52,766.93. The S&P 500 declined 54.67 points, or 0.71%, to 7,631.47, while the Nasdaq Composite dropped 271.11 points, or 1.03%, to 26,099.77. The selloff followed a sharp rise in oil prices after renewed military action between the US and Iran raised concerns over supply disruptions through the Strait of Hormuz. Brent crude rose to around $95 a barrel on Wednesday, its highest level in five weeks, after gaining for a second consecutive session. Higher energy prices have intensified inflation concerns and contributed to a global bond selloff. The US 10-year Treasury yield climbed to around 4.80%, while Japan's 10-year government bond yield approached 3%, adding to pressure on equity valuations. Markets are also reassessing the Federal Reserve's interest-rate outlook. The probability of a 25-basis-point rate hike at the Fed's 16 September meeting has risen to about 67%, compared with 39.6% a week earlier, following hawkish comments from Fed officials. US economic data released overnight presented a mixed picture. The ISM Manufacturing PMI eased to 54.6 in August from 55.6 in July, indicating that manufacturing activity continued to expand, but at a slower pace. The New Orders Index declined to 53.7 from 56.7, while the Employment Index fell to 51.2 from 52.8. The Prices Index remained elevated at 71.1, pointing to continued input-cost pressures. The US labour market remained relatively resilient, with JOLTS job openings rising by 89,000 to 7.271 million in July. However, hiring fell by 278,000 to 5.054 million, while the hires rate declined to 3.2%, suggesting some moderation in labour-market momentum despite continued demand for workers. US construction spending also weakened, falling 0.5% in July to a seasonally adjusted annual rate of $2.158 trillion. The decline added to signs of softer activity in parts of the US economy. Investors will now track upcoming US labour-market data, including the nonfarm payrolls report due Friday, for further clues on the Federal Reserve's policy path. The combination of elevated oil prices, persistent price pressures and signs of softer economic activity is likely to keep markets volatile. Domestic Market: The key equity indices ended marginally lower on Tuesday, extending their decline for the second consecutive session. Renewed Middle East tensions pushed crude oil and global bond yields higher, keeping investors cautious. The Nifty ended below the 24,100 mark as banking, financial services, auto and pharma stocks came under pressure. However, gains in IT and FMCG stocks helped limit the broader market's losses. Crude oil remained the key macro concern after renewed US-Iran hostilities raised fears of prolonged supply disruptions through the Strait of Hormuz. The rise in global bond yields added to pressure on equities. The S&P BSE Sensex declined 12.99 points or 0.02% to 76,944.28. The Nifty 50 index lost 24.60 points or 0.01% to 24,055.80. First Published: Sep 02 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KSB Ltd, Stove Kraft: HDFC Securities sees bullish setup on charts First Published: Sep 02 2026 | 8:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Texmaco Rail & Engineering has received an order worth Rs 24.48 crore from Transport Corporation of India for the manufacture, supply and commissioning of one rake comprising ACT-1 and BVCM wagons. Texmaco Rail & Engineering (TEXMACO), part of the Adventz Group, is engaged in railway and infrastructure businesses through its Freight Cars, Rail Infrastructure & Green Energy, and Infrastructure-Electrical segments. The company reported a 70.57% year-on-year (YoY) increase in consolidated net profit to Rs 50.03 crore in Q1 FY27 from Rs 29.33 crore in the corresponding quarter last year. Revenue from operations, however, declined 16.90% YoY to Rs 756.68 crore in the quarter ended 30 June 2026. Shares of Texmaco Rail & Engineering rose 3.95% to close at Rs 113.20 on the BSE. First Published: Sep 02 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coal India, which contributed about 74% of ?India's total coal production in fiscal 2026, had said in March it could sell up to 25% stakes in subsidiaries Mahanadi Coalfields and South Eastern Coalfields. Coal India, the world's largest coal producer, is selling a 10% stake in Mahanadi Coalfields through the fully owned subsidiary's initial public offering, draft papers filed with the market regulator showed. State-run Coal India is ?offloading up to 661.8 million shares in its unit, according to the prospectus dated Monday. Mahanadi Coalfields is not selling any new shares in the offering and will not receive any proceeds. The unit operates primarily in the eastern state of Odisha and accounted for 21% of India's overall domestic coal production and 28.4% of Coal India's total coal production in fiscal year 2026. Coal India, which contributed about 74% of ?India's total coal production in fiscal 2026, had said in March it could sell up to 25% stakes in subsidiaries Mahanadi Coalfields and South Eastern Coalfields through IPOs or other routes. The company has listed two other units this year: Bharat Coking Coal, which went public in January, is down about 25% from its debut price, while Central Mine Planning & Design Institute is up 39% since its ?March listing. Mahanadi Coalfields' net profit slipped about 1.3% to ?10,678 crore ($1.12 billion) in the year ended March 31; revenue ?fell 2.6% to ?30,550 crore. The IPO filing comes as ?India's primary market sees a revival after a sluggish start to the year amid a selloff spurred by the US-Israeli war ?on Iran. SBI Capital Markets, Axis Capital, BOB Capital Markets, IDBI Capital Markets & Securities and IIFL Capital Services are managing the IPO. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 02 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
24,100 key hurdle for Nifty; Chandan Taparia bets on Eternal, Bajaj Auto First Published: Sep 02 2026 | 7:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: Coal India, RIL, Hero MotoCorp, ITC, Wipro, OMCs & more First Published: Sep 02 2026 | 7:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: Coal India, RIL, Hero MotoCorp, ITC, Wipro, OMCs & more First Published: Sep 02 2026 | 7:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 02 2026 | 7:43 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to extend losses as rate-hike fear and inflation fear weighed on investors' mind. First Published: Sep 02 2026 | 7:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
tocks slumped at the start of the Asian trading session on Wednesday as a bond market-induced panic. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 02 2026 | 7:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Sep 02 2026 | 6:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
South Africa and India's flag This article has been processed by AI. It is not an official market report and should not be considered financial advice.
While consultants highlight that tax-related matters fall outside Sebi’s purview, these will need to be clarified by the government at the GIFT-IFSC This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Symbiotec Pharmalab First Published: Sep 01 2026 | 10:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vibha Padalkar, managing director and chief executive officer of HDFC Life Insurance This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Silent Syndicate: How Big Finance is Destroying India’s Healthcare First Published: Sep 01 2026 | 10:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajaya Mohanty First Published: Sep 01 2026 | 9:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajaya Mohanty First Published: Sep 01 2026 | 9:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 01 2026 | 7:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zetwerk founders First Published: Sep 01 2026 | 7:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coal India (CIL) increased its total coal supplies to 60.60 million tonnes (MT) in August FY 2026-27, registering a 5.50% growth over the 57.40 MT supplied during the corresponding month last year. The company also recorded a 4.5% growth in coal supplies to the power sector during the month, reaching 48.46 MT, compared to 46.39 MT in August FY 2025-26. Coal supplies to the non-regulated sector (NRS) also registered robust growth, increasing by 9.6% to 12.12 MT in August FY 2026-27 from 11.06 MT in August last year. Coal India's total coal supplies during the first five months of FY 2026-27, till August, reached 322.90 MT, compared to 302.60 MT during the corresponding period of the previous year, registering a growth of 6.70%. The higher supplies also enabled Coal India to liquidate around 55 MT of pithead coal stocks during the first five months of FY 2026-27. With approximately 76 MT of coal currently available at its pitheads, CIL has sufficient inventory to support power generation requirements in the coming months. As the intense rainy spells gradually recede and drier months approach, the company is preparing itself to ramp up both production and supplies. First Published: Sep 01 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani Energy Solutions (AESL) today said that it has achieved the distinction of being the highest ESG-scored company globally in the Utilities sector as assessed by S&P Global, following the completion of S&P Global's latest Media and Stakeholder Analysis (MSA) review. Following the review, the governance-related assessment that had previously been impacted was corrected thereby, resulting in significant enhancement of the company's ESG standing. As a result, AESL has secured an ESG Score of 90 out of 100, placing it at the top of the global utilities sector, against the industry average of 41. Prior to this review, AESL's score was at 81. The company's disclosure-based Corporate Sustainability Assessment (CSA) score has also increased by 17 points year-on-year to being at 90. First Published: Sep 01 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To strengthen its service capabilities in the U.S. structural engineering market Telge Projects announced that its material subsidiary, Telge Global Inc. (formerly known as Telge Projects Inc.), has entered into a Share Purchase Agreement to acquire 100% of the issued and outstanding ordinary share capital of Wheaton Detailing Services, Inc (WDS Inc.), a U.S-based company engaged in structural steel detailing and steel design services. The acquisition marks Telge Projects' strategic entry into the industrial, petrochemical and commercial structural steel markets in the U.S., further expanding the addressable market beyond its existing capabilities. WDS Inc.'s established presence and domain expertise in these sectors will enable Telge Projects to access new customer segments and participate in a broader range of structural engineering and steel detailing projects. First Published: Sep 01 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajaya Kumar Mohanty First Published: Sep 01 2026 | 7:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
banking, banks First Published: Sep 01 2026 | 7:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The divergence reflects CIL’s new supply-first approach, with the company drawing down accumulated stocks to meet demand First Published: Sep 01 2026 | 7:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 01 2026 | 7:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total sales include domestic sales of 1,01,594 units (up 40% YoY) and exports of 6,054 units (up 71% YoY). Total sales comprised of passenger vehicle sales of 59,257 units (up 50% YoY) and commercial vehicle sales of 42,337 units (up 28% YoY). According to Dr Velusamy R, President, Automotive Business, Mahindra & Mahindra , In August, we achieved SUV sales of 59257 units delivering growth of 50%, and total vehicle sales stood at 107648, a 42% YoY growth. Demand continues to remain strong across our portfolio, with the updated Scorpio-N and BE 6 SPORTEQ receiving strong market response from customers. We look forward to building on this momentum during the festive season. First Published: Sep 01 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Domestic tractor sales rose 5% to 27,595 units while exports remained flat at 1912 units. Commenting on the performance, Veejay Nakra, President - Farm Equipment Business, Mahindra & Mahindra said We sold 27,595 tractors in the domestic market during August 2026, a growth of 5% over last year. Steady improvement in rainfall has helped near-normal Kharif sowing. Continued support of various government schemes and the upcoming festive season should bolster rural sentiment. In the Exports market, we have sold 1,912 tractors. First Published: Sep 01 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sudarshan Chemical Industries announced the sale of its step-down subsidiary VP4 Frankfurt GmbH (VP4 Frankfurt) to Celanese Corporation, USA, further sharpening the company's focus on its core pigments business. VP4 Frankfurt is engaged in the manufacture of certain intermediates such as Diketene, primarily as a tolling operator for Nutrinova, an affiliate of Celanese Corporation and Mitsui & Co. Japan. VP4 Frankfurt became part of Sudarshan through its acquisition of the Heubach Group. This divestment strengthens Sudarshan's strategic focus and operational position. First Published: Sep 01 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sugar The Centre on Tuesday further tightened the stock holding limit for sugar dealers, cutting it from 4,000 quintals to 2,000 quintals, effective from September 15 to November 30, as it looked to rein in high retail prices of the sweetener. The stock holding limit of 4,000 quintals, first imposed on August 1, will, however, remain unchanged for Kolkata and its extended metropolitan areas, "considering the specific market requirements of the region", the food ministry said in a statement. The move is aimed at ensuring adequate availability of sugar in the domestic market and checking hoarding and speculative trading, the ministry added. Under the amended norms, a dealer cannot hold any stock for more than 30 days from the date of receipt, and cannot hold sugar, at any time, anywhere in the country, in excess of 2,000 quintals. Explaining the exemption for Kolkata, the ministry said the region sources sugar from Uttar Pradesh and Maharashtra and supplies it onward to the eastern and north-eastern parts of the country, which is why the earlier limit of 4,000 quintals has been retained there. The decision comes even as retail sugar prices remain elevated. The all-India average retail price stood at Rs 63.28 per kg on August 31, up 37 per cent from Rs 46.02 a year earlier, according to Consumer Affairs Ministry data. Wholesale prices also rose 36.28 per cent year-on-year to Rs 58.40 per kg. Industry data, however, shows some cooling at the mill level; the ex-mill price of sugar in Maharashtra fell 30 per cent to Rs 45-46 per kg on September 1, from a peak of Rs 67 per kg on August 18. The Centre has blamed mills for "jacking up" prices, maintaining that the country has adequate sugar stocks. This is despite production estimates for the 2025-26 marketing year (October-September) being revised down to 306 lakh tonne from an earlier projection of 343 lakh tonne. Annual domestic demand is estimated at around 280-285 lakh tonnes. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 01 2026 | 6:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 01 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IZMO announced that its semiconductor subsidiary, izmo Microsystems, has developed an innovative high frequency RF Quad Flat No-Lead (QFN) package for semiconductor devices operating at frequencies of up to 40 GHz. The package has been designed, developed and manufactured entirely in India for a customer developing high frequency RF modules for defence and secure wireless communication applications. Following successful assembly and electrical validation, izmo Microsystems has commenced production shipments, with manufacturing processes established to support scale up. The development strengthens izmo Microsystems' capabilities in advanced RF and microwave semiconductor packaging and demonstrates its ability to develop application specific packaging solutions and manufacture them at scale. At higher microwave frequencies, conventional molded and open cavity QFN packages can face significant performance limitations as package parasitics increasingly affect device performance. izmo Microsystems developed a proprietary package architecture with optimized trace geometry and die positioning that achieves wire bond lengths of approximately 0.3 mm, combined with a precision air cavity surrounding the die. The resulting architecture minimizes parasitic effects and enables reliable operation at frequencies of up to 40 GHz. The capability has applications across radar, electronic warfare, secure communications, aerospace, satellite communications and advanced wireless systems, where high frequency semiconductor devices are increasingly important. First Published: Sep 01 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 167.85 crore shares as against 1.23 crore shares on offer. The initial public offer ESDS Software Solution received bids for 1,67,85,61,640 shares as against 1,23,52,942 shares on offer, according to stock exchange data at 15:30 IST on 1 September 2026. The issue was subscribed 135.88 times. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 408 and 429 per share. An investor can bid for a minimum of 34 equity shares and multiples thereof. The IPO is entirely a fresh issue of shares worth Rs 720 crore. At the upper price band of Rs 429, the fresh issuance is of 1,58,50,816 shares. There is no offer for sale (OFS) component. The funds raised to the tune of Rs 576 crore will be used towards purchase and installation of cloud computing and other equipment and infrastructure for data centres and the balance will be used for general corporate purposes. Ahead of the IPO, ESDS on Thursday, 27 August 2026, raised Rs 215.99 crore from anchor investors. The board allotted 50.34 lakh shares at Rs 429 each to 19 anchor investors. ESDS Software Solution (ESDS) is an AI-enabled provider of cloud, managed services, data center infrastructure, and software solutions in India. The company offers an end-to-end portfolio comprising infrastructure-as-a-service (IaaS), managed services and software-as-a-service (SaaS), serving customers across BFSI, Government and enterprise segments. The companys comprehensive Security-as-a-Service (SECaaS) framework enables businesses to proactively manage threats and achieve robust security and compliance objectives. ESDS IaaS portfolio includes co-location and data centre services, public, private, virtual private, hybrid and community cloud solutions, and GPU-as-a-service (GPUaaS). The company has data centres in Airoli, Bengaluru, Nashik, Noida, and Mohali. It is also in the process of establishing proposed data centres in Kolkata and Sahibabad. The company derived around 27.4% of its revenues from government entities. The firm reported a consolidated net profit of Rs 120.82 crore and sales of Rs 472.21 crore for the twelve months ended on 31 March 2026. First Published: Sep 01 2026 | 6:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 32.16 crore shares as against 32.02 lakh shares on offer. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 190 and 200 per share. An investor can bid for a minimum of 75 equity shares and multiples thereof. The IPO comprises a fresh issue of 45,75,000 equity shares worth up to Rs 91.5 crore. The objectives of the fresh issue include Rs 75 crore for repayment/prepayment of certain working capital borrowings and the remaining amount for general corporate purposes. Ahead of the IPO, Priority Jewels on Thursday, 27 August 2026, raised Rs 27.45 crore from anchor investors. The board allotted 13.72 lakh shares at Rs 200 each to 4 anchor investors. Priority Jewels designs, manufactures and sells a wide range of lightweight, affordable, diamond-studded gold and platinum fine jewellery. Its products are sold directly to independent jewellers and jewellery chains in India, as well as select international markets. Its portfolio primarily comprises lightweight, affordable daily-wear jewellery, including rings, earrings, pendants, neckwear and bracelets, along with occasion and couture jewellery. The company also manufactures lab-grown diamond jewellery against specific customer orders, allowing it to cater to evolving consumer preferences. The company supplies jewellery to leading retail players, including CaratLane, Kalyan Jewellers India, Reliance Retail, Malabar Gold & Diamonds, Tribhovandas Bhimji Zaveri and Senco Gold. In Q1 FY27, domestic sales contributed 50.44% of revenue, and exports 49.56%. The company has an annual manufacturing capacity of approximately 700 kg, with capacity utilization of 65% in FY26 and 58% in Q1 FY27. The firm reported a consolidated net profit of Rs 6.69 crore and sales of Rs 146.73 crore for the three months ended on 30th June 2026. First Published: Sep 01 2026 | 6:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee gained 28 paise to close at nearly two-month high of 94.94 (provisional) against the US dollar on Tuesday on robust domestic growth. Moreover, the MSCI index rebalancing refers to the August quarterly review adjustments, which triggered over $1.5 billion in passive foreign inflows into Indian equities on August 31, 2026, providing a significant boost to the Indian rupee (INR). However, Indias BSE Sensex closed virtually unchanged at 76,944 on Tuesday, as traders weighed ongoing foreign fund outflows, geopolitical and global inflation concerns against robust domestic economic data. Oil prices continued to advance amid renewed fighting between the US and Iran, raising concerns over inflation and interest rates, capping gains in the INR. First Published: Sep 01 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reserve Bank of India (RBI) stated India's current account deficit stood at US$ 4.2 billion (0.5 per cent of GDP) in Q1:2026-27 as compared to US$ 3.4 billion (0.4 per cent of GDP) in Q1:2025-26. Merchandise trade deficit at US$ 86.1 billion in Q1:2026-27 was higher than US$ 68.9 billion in Q1:2025-26. Net services receipts increased to US$ 51.6 billion in Q1:2026-27 from US$ 47.9 billion a year ago. Services exports have risen on a year-on-year basis in major categories such as computer services, other business services and transportation services. Net outgo on the primary income account, mainly reflecting payments of investment income, decreased to US$ 10.5 billion in Q1:2026-27 from US$ 13.3 billion in Q1:2025-26. Personal transfer receipts under secondary income account, mainly representing remittances by Indians employed overseas, rose to US$ 42.9 billion in Q1:2026-27 from US$ 33.2 billion in Q1:2025-26. In the financial account, foreign direct investment (FDI) recorded a net inflow of US$ 6.1 billion in Q1:2026-27, higher than US$ 5.2 billion in Q1:2025-26. Foreign portfolio investment (FPI) recorded a net outflow of US$ 9.6 billion in Q1:2026-27 as against a net inflow of US$ 1.6 billion in Q1:2025-26. Non-resident deposits (NRI deposits) recorded a net inflow of US$ 2.8 billion in Q1:2026-27 as compared to US$ 3.6 billion in Q1:2025-26. Net inflows under external commercial borrowings (ECBs) to India amounted to US$ 3.3 billion in Q1:2026-27 as compared to US$ 4.4 billion in Q1:2025-26. Foreign exchange reserves depleted by US$ 8.1 billion (on a BoP basis) in Q1:2026-27 as against an accretion of US$ 4.5 billion in Q1:2025-26. First Published: Sep 01 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Domestic sales jump 23.6% to 54,396 units Hyundai Motor India (HMIL) recorded total monthly sales (domestic + exports) of 65,796 units in August 2026, registering a YoY growth of 8.8%. The total sales comprised domestic sales of 54,396 units, up 23.6% YoY and exports of 11,400 units. Commenting on August 2026 sales results, Tarun Garg, MD & CEO - HMIL, said, We continue to sustain strong growth momentum in FY2027, with domestic sales growing by 12.6% YoY during the April-August period. Our August domestic sales of 54,396 units (+23.6% YoY), the highest-ever figure for any August month, reflect the popularity of Hyundai's versatile product portfolio. While total exports in August were impacted by logistical constraints arising from the ongoing conflict in West Asia and the broader geo-political environment during the month, we remain optimistic that export demand will continue to be strong in the coming months as the geo-political situation improves. First Published: Sep 01 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 36.99 lakh shares as against 31.37 lakh shares on offer. Rays of Belief (For Profit Social Enterprise) IPO is open from 1 September to 3 September 2026. The issue comprises a fresh issue of up to 52.30 lakh equity shares, including an anchor investor portion of 20,92,190 shares. The price band is fixed at Rs 227-239 per share, with a face value of Rs 10. The minimum bid lot is 62 shares, requiring Rs 14,818 at the upper price band. The company plans to use Rs 41.36 crore for setting up new centres, Rs 14.45 crore for lease payments for existing centres, Rs 10.13 crore for lease/licence payments for its US subsidiary, and Rs 10.20 crore for brand awareness and outreach programmes. The remaining amount will be used for inorganic growth and general corporate purposes. The company raised Rs 50 crore from five anchor investors ahead of its IPO. The company allotted 20,92,190 equity shares at Rs 239 per share, the upper end of the IPO price band. The anchor allocation was completed on 31 August 2026. Rays of Belief is a for-profit social enterprise focused on personalised intervention plans for children with neurodevelopmental disorders. The company operates 136 centres across 57 cities in 20 states and Union Territories under the Moms Belief brand as of 31 March 2026, and plans to add 319 centres between FY27 and FY29 using part of its IPO proceeds. The company also intends to pursue inorganic growth through acquisitions and strategic partnerships, while expanding internationally through its existing US operations and plans to enter the UAE and UK markets. The companys FY26 consolidated revenue rose 12% to Rs 81.66 crore, while operating profit increased 220% to Rs 11.91 crore as operating margin improved to 14.59% from 5.09% on a pro forma basis. However, profit after tax declined 25% to Rs 4.96 crore, partly due to higher tax expenses. First Published: Sep 01 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 1.59 crore shares as against 1.85 crore shares on offer. Deepa Jewellers' Rs 459.72 crore IPO opened for subscription on 1 September 2026 and it will close on 3 September. The issue comprises a fresh issue of shares worth up to Rs 250 crore and an offer for sale of 1,18,48,340 shares worth up to Rs 209.72 crore at the upper price band. The price band is fixed at Rs 168-177 per share, with a lot size of 84 shares. The shares will be listed on the BSE and NSE. The company allotted 77,91,789 shares to anchor investors at Rs 177 per share, raising Rs 137.91 crore ahead of the IPO. Proceeds from the OFS will go to the selling shareholders. The fresh issue will primarily fund the company's working capital requirements, with Rs 215 crore earmarked for procurement, maintenance and scaling up of inventory. Deepa Jewellers is also setting up a 6,696 sq ft in-house manufacturing facility in Hyderabad, which is expected to be operational before the end of H1 FY27. Deepa Jewellers is a Hyderabad-based B2B designer, processor and supplier of 22-carat hallmarked gold jewellery. It operates primarily across southern India and follows an outsourced processing model supported by a network of 41 karigars. The company also undertakes job work and trades in silver ornaments, 18- and 20-carat gold jewellery, precious stones and gold bullion. As of 31 July 2026, the company had 373 customers across 13 states and one Union Territory. Its customer base comprised 47 jewellery retail chains and 326 standalone stores. It had 16 product categories and 110 SKUs. Major customers include Joyalukkas, Kalyan Jewellers and Lalithaa Jewellery Mart. The company sold a total of 1,644 kg of jewellery during FY26. The company's revenue from operations increased 38% to Rs 1,926.68 crore in FY26 from Rs 1,397.01 crore in FY25. Profit before tax increased 158% to Rs 140.33 crore and profit after tax rose 158% to Rs 104.79 crore. First Published: Sep 01 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 01 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Government of India (GoI) has announced the sale (issue/ re-issue) of (i) New GS 2031 for a notified amount of Rs 21,000 crore and (ii) 7.71% GS 2066 for a notified amount of Rs 11,000 crore. he auction will be conducted using multiple price method. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (e-Kuber system) on September 04, 2026 (Friday). GoI will have the option to retain additional subscription up to ?2,000 crore against each security. First Published: Sep 01 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 01 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
EV sales jump 94% to 16,549 units Tata Motors Passenger Vehicles recorded sales of 67,753 units in the domestic and international markets in August 2026, compared to 43,315 units in August 2025, representing a robust growth of 56% year-on-year. Total sales include domestic sales of 65,253 units (up 59% YoY) and international business of 2,500 units (up 8% YoY). Total sales include EV sales of 16,549 units (up 94% YoY). First Published: Sep 01 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brigade Group has announced the opening of PVR INOX Cinemas at Arcadia, Brigade Cornerstone Utopia. PVR INOX Cinemas at Arcadia features six auditoriums with a seating capacity of 949 seats across approximately 42,000 sq. ft. across two floors. Located within the retail zone of Brigade Cornerstone Utopia, the multiplex brings a contemporary cinema experience while creating another avenue for people to socialise and spend leisure time within the neighbourhood. The opening of PVR INOX Cinemas at Arcadia marks an important addition to the movie experience at Brigade Cornerstone Utopia. It is our fourth multiplex in the city. We have focused on creating a well-rounded environment where food and films come together in a convenient and engaging destination. PVR's presence enhances the overall appeal of Arcadia visitors. We believe this combination of everyday retail and experiential offerings will make Arcadia at Brigade Cornerstone Utopia an integral part of the local community's lifestyle. said Sunil Munshi, COO, Retail - Brigade Group. First Published: Sep 01 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wipro has renewed its long-standing Digital Workplace Services contract with ABB, a global technology leader in electrification and automation. Building on an established relationship spanning multiple years, Wipro will continue delivering end-to-end AI-enabled Digital Workplace Services for ABB's global operations while further enhancing employee experience through advanced automation, AI powered service capabilities, and workplace modernization initiatives. Powered by Wipro Intelligence, the unified suite of AI platforms, solutions and transformative offerings, this engagement will modernize ABB's digital workplace with AI-led, experience-centric capabilities delivered through Wipro's AI Live Workspace and Digital Workplace Services offerings and operationalized through WINGS, Wipro's AI-powered delivery platform for operations. Through SmartOps, Wipro's AIOps capability, the focus will be on more autonomous and predictive workplace services, including GenAI-powered self-service, virtual agents, auto remediation and AI-assisted dispatch. By harnessing telemetry and usage insights, Wipro will optimize device lifecycle management and strengthen endpoint security operations, while supporting ABB's digital transformation and sustainability ambitions. First Published: Sep 01 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The strong show by LG in the quarter was driven by an acceleration in top-line growth to 15 per cent Y-o-Y from 8 per cent Y-o-Y registered in the March quarter This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The key equity indices ended marginally lower on Tuesday, extending their decline for the second consecutive session. Renewed Middle East tensions pushed crude oil and global bond yields higher, keeping investors cautious. The Nifty ended below the 24,100 mark as banking, financial services, auto and pharma stocks came under pressure. However, gains in IT and FMCG stocks helped limit the broader market's losses. Crude oil remained the key macro concern after renewed US-Iran hostilities raised fears of prolonged supply disruptions through the Strait of Hormuz. The rise in global bond yields added to pressure on equities. The S&P BSE Sensex declined 12.99 points or 0.02% to 76,944.28. The Nifty 50 index lost 24.60 points or 0.01% to 24,055.80. Axis Bank (down 3.23%), State Bank of India (down 2.41%) and ICICI Bank (down 1.10%) were major Nifty drags today. In the broader market, the BSE 150 MidCap Index declined 0.74% and the BSE 250 SmallCap Index added 0.04%. The market breadth was negative. On the BSE, 1,760 shares rose and 2,563 shares fell. A total of 243 shares were unchanged. Economy: India's HSBC Manufacturing PMI eased to 52.8 in August 2026 from 53.5 in July, revised down from the preliminary reading of 52.9. The latest reading marked the weakest improvement in the sector's health in five years. Output and new orders continued to expand, but growth in both slowed to their weakest levels since August 2021 amid softer demand and challenging market conditions. Export orders also rose, although growth in international sales moderated from July. Softer demand weighed on purchasing activity and inventories, while manufacturing employment declined for the first time in two-and-a-half years. Input buying expanded for the 62nd consecutive month, but at its weakest pace over the period. Input cost inflation eased to a six-month low, while output price inflation remained marginal and rose at its slowest pace in 45 months. Business confidence improved to its highest level since May, although it remained subdued by historical standards. Numbers to Track: In the commodities market, Brent crude for the October 2026 settlement jumped $1.50 or 1.66% to $91.99 a barrel. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.9350 compared with its close of 95.2200 during the previous trading session. The yield on India's 10-year benchmark federal paper rose 0.13% to 6.956 compared with the previous session close of 6.947. MCX Gold futures for 5 October 2026 settlement fell 1.16% to Rs 1,52,635. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.18% to 99.61. The United States 10-year bond yield rose 0.55% to 4.782. Global Markets: The Dow Jones index futures fell 295 points, signalling a negative opening for US stocks today. European shares declined while most Asian markets ended lower on Tuesday as an intensifying global bond market rout and escalating military hostilities in the Middle East severely dampened appetite for risk assets. Investors were also assessing the prospect of further Federal Reserve rate hikes following hawkish comments from Fed Chair Kevin Warsh. Wall Street ended lower on Monday, with rising Treasury yields and higher oil prices weighing on risk assets. The S&P 500 fell 0.33%, the Nasdaq Composite declined 0.12% and the Dow Jones Industrial Average dropped 0.70%. The market is also looking ahead to the US nonfarm payrolls report due on Friday, which could provide fresh clues on the Federal Reserve's policy path. Oil prices climbed above $90 a barrel after the US and Iran resumed military strikes following a period of relative calm. US forces struck Iranian rocket launchers on Larak Island in the Strait of Hormuz, while Iran retaliated with attacks on US military targets in Jordan. The escalation has raised concerns over prolonged supply disruptions through the key oil shipping route. Brent crude settled at $90.49 a barrel on Monday, up 2.71%, while the US 10-year Treasury yield rose to around 4.75%. Higher oil prices have revived concerns over persistent inflation, potentially strengthening the case for tighter monetary policy. The renewed conflict has also increased uncertainty over the outlook for the Strait of Hormuz, through which a significant share of global oil shipments normally passes. Shipping activity has fallen sharply amid the hostilities, adding to concerns about further supply disruptions. New Listing: Shares of Symbiotec Pharmalab ended at Rs 1,095.95 on the BSE, representing a premium of 10.93% as compared with the issue price of Rs 988. The stock debuted at Rs 978.20 on the BSE, a discount of 0.99% over its issue price. The stock has hit a high of Rs 1,173.80 and a low of Rs 933.80. On the BSE, over 31.88 lakh shares of the company were traded in the counter. Shares of Hy-Tech Engineers ended at 75.59 on the BSE, representing a premium of 42.62% as compared with the issue price of Rs 53. The stock debuted at Rs 72 on the BSE, a premium of 35.85% over its issue price. The stock has hit a high of Rs 75.59 and a low of Rs 68.56. On the BSE, over 21.74 lakh shares of the company were traded in the counter. Shares of Skyways Air Services ended at 125.65 on the BSE, representing a discount of 8.95% as compared with the issue price of Rs 138. The stock debuted at Rs 124.50 on the BSE, a discount of 9.78% over its issue price. The stock has hit a high of Rs 136.40 and a low of Rs 119. On the BSE, over 32.40 lakh shares of the company were traded in the counter. Auto Sales: Steel Strips Wheels jumped 14.94% after the company reported its second consecutive record monthly turnover in August 2026, with net turnover rising 53.6% to Rs 592.92 crore during the month from Rs 385.98 crore recorded in August 2025. Bajaj Auto rallied 1.90% after the company reported a 28% increase in total vehicle sales to 5,35,764 units in August 2026, compared with 4,17,616 units sold in August 2025. SML Mahindra rallied 6.05% after the company announced that it sold 1,175 units in August 2026, registering a 40% growth from 842 units sold in the same period last year. Maruti Suzuki India fell 4.41%. The company reported total sales of 219,220 units in August 2026, up 21.3% YoY, with growth led by the domestic passenger-vehicle business. Tata Motors declined 1.50%. The company reported total commercial vehicle (CV) sales of 44,411 units in August 2026, which is higher by 49% as compared with the sales figure of 29,863 units recorded in August 2025. Escorts Kubota rose 0.60%. The company said that its Agri Machinery Business in August 2026 sold 10,072 tractors as against 8,456 tractors sold in August 2025, thereby registering a growth of 19.1% on year-on-year (YoY) basis. Stocks in Spotlight: Jindal Worldwide jumped 9.58% after its electric vehicle arm and subsidiary, Jindal Mobilitric, announced plans to expand its retail network to approximately 100 showrooms across India by the end of FY28. Milky Mist Dairy Food was locked in 5% upper circuit after the company reported a consolidated net profit of Rs 64.68 crore in Q1 FY27, which is nearly 9.91x the PAT figure of Rs 6.53 crore recorded in Q1 FY26. Revenue from operations increased by 43.6% year-on-year (YoY) to Rs 973.45 crore during the period under review. Texmaco Rail & Engineering added 4.27% after the company announced that Tsiko Africa Logistics, together with Barberry Holdings, has issued a letter of award for a project worth $135 million. Religare Enterprises rose 3.38% on Tuesday after investor Ashish Dhawan further increased his stake in the company through open-market purchases. According to his stock exchange disclosure, Dhawan acquired 36,00,238 shares on 31 August 2026 at an average price of Rs 237 per share. The acquisition was valued at approximately Rs 85.33 crore. The shares represent 1.06% of Religare Enterprises' total voting share capital. Following the acquisition, Dhawan's holding increased to 2,52,81,090 shares, or 7.41%, from 6.35% earlier. Dhawan also holds 36,19,148 warrants. Including these warrants, his total holding stands at 2.89 crore securities, equivalent to 7.28% of the company's diluted share capital. E2E Networks rose 0.20%. The company announced that it had entered into a binding term sheet with a sovereign AI company based in India. Under the arrangement, E2E Networks will provide NVIDIA Blackwell cloud GPUs and allied services. The contract has an aggregate value of approximately Rs 1,000 crore. The services are scheduled to be provided through June 2029. The company said the arrangement will transition the NVIDIA Blackwell capacity deployed in May 2026 from a pay-as-you-go model to a longer-term commitment. Initial Public Offer (IPO): Purple Style Labs received bids for 16,11,142 shares as against 68,49,816 shares on offer, according to stock exchange data at 16:54 IST on 1 September 2026. The issue was subscribed 0.24 times. The issue opened for bidding on 31 August 2026 and will close on 2 September 2026. The price band of the IPO is fixed between Rs 546 and 575 per share. An investor can bid for a minimum of 26 equity shares and multiples thereof. Deepa Jewellers received bids for 1,55,60,160 shares as against 1,85,20,085 shares on offer, according to stock exchange data at 16:54 IST on 1 September 2026. The issue was subscribed 0.84 times. The issue opened for bidding on 1 September 2026 and will close on 3 September 2026. The price band of the IPO is fixed between Rs 168 and 177 per share. An investor can bid for a minimum of 84 equity shares and multiples thereof. Rays of Belief received bids for 35,96,868 shares as against 31,37,810 shares on offer, according to stock exchange data at 16:54 IST on 1 September 2026. The issue was subscribed 1.15 times. The issue opened for bidding on 1 September 2026 and will close on 3 September 2026. The price band of the IPO is fixed between Rs 227 and 239 per share. An investor can bid for a minimum of 62 equity shares and multiples thereof. Priority Jewels received bids for 32,10,49,125 shares as against 32,02,500 shares on offer, according to stock exchange data at 16:54 IST on 1 September 2026. The issue was subscribed 100.25 times. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 190 and 200per share. An investor can bid for a minimum of 75 equity shares and multiples thereof. EDS Software Solution received bids for 1,67,75,56,838 shares as against 1,23,52,942 shares on offer, according to stock exchange data at 16:54 IST on 1 September 2026. The issue was subscribed 135.80 times. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 408 and 429 per share. An investor can bid for a minimum of 34 equity shares and multiples thereof. First Published: Sep 01 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Escorts Kubota Agri Machinery Business in August 2026 sold 10,072 tractors registering a growth of 19.1% as against 8,456 tractors sold in August 2025. Domestic tractor sales in August 2026 were at 9,523 tractors registering a growth of 20.5% as against 7,902 tractors in August 2025. The tractor industry maintained a steady performance in August 2026, supported by improving monsoon conditions, healthy Kharif sowing progress, and stable rural sentiment. While growth percentage moderated compared to earlier months, demand continued to be supported by expectations of better farm incomes and ongoing agricultural activity. Looking ahead, Kharif crop outcomes, reservoir levels, and the deferred festive season are expected to support demand, although a higher base effect and rising cost pressures may moderate industry growth going forward. Export tractor sales in August 2026 were at 549 tractors as against 554 tractors sold in August 2025. First Published: Sep 01 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales up 11% on YoY basis Speaking about the performance for August 2026, B. Govindarajan, Managing Director - Eicher Motors and Chief Executive Officer - Royal Enfield, said, August was another growth month for us, continuing our strong sales momentum and setting a robust foundation as we head into the festive season in India. During the month we continued to evolve our product portfolio; we introduced the Classic 350 Gorkha Edition - a proud tribute to our historic association with the Armed Forces and brought fresh energy to the iconic Continental GT 650 through feature updates. At the same time, our electric mobility vision through Flying Flea is taking real shape, with the Flying Flea C6 already crossing 50,000 customer-driven kilometers in Bengaluru alone. Our key international markets also continued on a strong growth trajectory during the month. Channeling the momentum into our community initiatives, we hosted the biggest edition of GRRR nights in Mumbai and are set to unite the world's largest riding community at the biggest 'One Ride' event in September. First Published: Sep 01 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Milky Mist Dairy Food was locked in 5% upper circuit at Rs 231.95 after the company reported a consolidated net profit of Rs 64.68 crore in Q1 FY27, which is nearly 9.91x the PAT figure of Rs 6.53 crore recorded in Q1 FY26. Revenue from operations increased by 43.6% year-on-year (YoY) to Rs 973.45 crore during the period under review. While EBITDA improved by 74.5% to Rs 144.89 crore, EBITDA margin expanded by 264 basis points to 14.88% in Q1 FY27 over Q1 FY26. Profit before tax in Q1 FY27 stood at Rs 73.51 crore, up by 606% from Rs 10.41 crore recorded in Q1 FY26. Milky Mist has established strong positions in categories such as packaged paneer, cheese, curd and yogurt, while premium pricing and increasing focus on value-added products support its FMCG-like business model. The company plans to expand manufacturing capacities, strengthen milk procurement and distribution, and pursue strategic acquisitions to enter new markets, geographies and product categories. First Published: Sep 01 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As per provisional closing data, the S&P BSE Sensex declined 12.99 points or 0.02% to 76,944.28. The Nifty 50 index lost 24.60 points or 0.01% to 24,055.80. In the broader market, the BSE 150 MidCap Index declined 0.74% and the BSE 250 SmallCap Index added 0.04%. The market breadth was negative. On the BSE, 1,766 shares rose and 2,559 shares fell. A total of 234 shares were unchanged. Economy: India's HSBC Manufacturing PMI eased to 52.8 in August 2026 from 53.5 in July, revised down from the preliminary estimate of 52.9, marking the weakest improvement in the sector's health in five years. Output and new orders continued to expand, but both grew at their slowest pace since August 2021 amid softer demand and challenging market conditions. Export orders also increased, although growth in international sales eased from July. Softer demand weighed on purchasing activity and inventories, while manufacturing employment declined for the first time in two-and-a-half years. Input buying expanded for the 62nd consecutive month, but at its weakest pace over the period. Input cost inflation eased to a six-month low, while output price inflation remained slight and rose at its slowest pace in 45 months. Business confidence improved to its highest level since May, although it remained subdued by historical standards. New Listing: Shares of Symbiotec Pharmalab ended at Rs 1,095.95 on the BSE, representing a premium of 10.93% as compared with the issue price of Rs 988. The stock debuted at Rs 978.20 on the BSE, a discount of 0.99% over its issue price. The stock has hit a high of Rs 1,173.80 and a low of Rs 933.80. On the BSE, over 31.88 lakh shares of the company were traded in the counter. Shares of Hy-Tech Engineers ended at 75.59 on the BSE, representing a premium of 42.62% as compared with the issue price of Rs 53. The stock debuted at Rs 72 on the BSE, a premium of 35.85% over its issue price. The stock has hit a high of Rs 75.59 and a low of Rs 68.56. On the BSE, over 21.74 lakh shares of the company were traded in the counter. Shares of Skyways Air Services ended at 125.65 on the BSE, representing a discount of 8.95% as compared with the issue price of Rs 138. The stock debuted at Rs 124.50 on the BSE, a discount of 9.78% over its issue price. The stock has hit a high of Rs 136.40 and a low of Rs 119. On the BSE, over 32.40 lakh shares of the company were traded in the counter. Initial Public Offer (IPO): Purple Style Labs received bids for 14,56,156 shares as against 68,49,816 shares on offer, according to stock exchange data at 15:15 IST on 1 September 2026. The issue was subscribed 0.21 times. The issue opened for bidding on 31 August 2026 and will close on 2 September 2026. The price band of the IPO is fixed between Rs 546 and 575 per share. An investor can bid for a minimum of 26 equity shares and multiples thereof. Deepa Jewellers received bids for 1,23,36,324 shares as against 1,85,20,085 shares on offer, according to stock exchange data at 15:15 IST on 1 September 2026. The issue was subscribed 0.67 times. The issue opened for bidding on 1 September 2026 and will close on 3 September 2026. The price band of the IPO is fixed between Rs 168 and 177 per share. An investor can bid for a minimum of 84 equity shares and multiples thereof. Rays of Belief received bids for 29,39,730 shares as against 31,37,810 shares on offer, according to stock exchange data at 15:15 IST on 1 September 2026. The issue was subscribed 0.94 times. The issue opened for bidding on 1 September 2026 and will close on 3 September 2026. The price band of the IPO is fixed between Rs 227 and 239 per share. An investor can bid for a minimum of 62 equity shares and multiples thereof. Priority Jewels received bids for 27,66,67,425 shares as against 32,02,500 shares on offer, according to stock exchange data at 15:15 IST on 1 September 2026. The issue was subscribed 86.39 times. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 190 and 200per share. An investor can bid for a minimum of 75 equity shares and multiples thereof. EDS Software Solution received bids for 1,36,74,58,648 shares as against 1,23,52,942 shares on offer, according to stock exchange data at 15:15 IST on 1 September 2026. The issue was subscribed 110.70 times. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 408 and 429 per share. An investor can bid for a minimum of 34 equity shares and multiples thereof. Buzzing Index: The Nifty Realty index fell 1.42% to 891.30. The index jumped 2.83% in the four consecutive trading sessions. Prestige Estates Projects (down 3.86%), Anant Raj (down 2.67%), DLF (down 2.3%), Brigade Enterprises (down 2.2%), Godrej Properties (down 1.82%), Sobha (down 0.88%), Lodha Developers (down 0.39%), Phoenix Mills (down 0.39%) fell. Auto sales Steel Strips Wheels jumped 14.89% after the company reported its second consecutive record monthly turnover in August 2026, with net turnover rising 53.6% to Rs 592.92 crore during the month from Rs 385.98 crore recorded in August 2025. Bajaj Auto rallied 2.15% after the company reported a 28% increase in total vehicle sales to 5,35,764 units in August 2026, compared with 4,17,616 units sold in August 2025. SML Mahindra rallied 6.07% after the company announced that it sold 1,175 units in August 2026, registering a 40% growth from 842 units sold in the same period last year. Maruti Suzuki India fell 4.16%. The company reported total sales of 219,220 units in August 2026, up 21.3% YoY, with growth led by the domestic passenger-vehicle business. Tata Motors declined 1.70%. The company reported total commercial vehicle (CV) sales of 44,411 units in August 2026, which is higher by 49% as compared with the sales figure of 29,863 units recorded in August 2025. Escorts Kubota rose 0.57%. The company said that its Agri Machinery Business in August 2026 sold 10,072 tractors as against 8,456 tractors sold in August 2025, thereby registering a growth of 19.1% on year-on-year (YoY) basis. Stocks in Spotlight: Jindal Worldwide jumped 9.42% after its electric vehicle arm and subsidiary, Jindal Mobilitric, announced plans to expand its retail network to approximately 100 showrooms across India by the end of FY28. E2E Networks rose 0.20%. The company announced that it had entered into a binding term sheet with a sovereign AI company based in India. Under the arrangement, E2E Networks will provide NVIDIA Blackwell cloud GPUs and allied services. The contract has an aggregate value of approximately Rs 1,000 crore. The services are scheduled to be provided through June 2029. The company said the arrangement will transition the NVIDIA Blackwell capacity deployed in May 2026 from a pay-as-you-go model to a longer-term commitment. Global Markets: European shares declined while Asian markets ended lower on Tuesday as an intensifying global bond market rout and escalating military hostilities in the Middle East severely dampened appetite for risk assets. Investors were also assessing the prospect of further Federal Reserve rate hikes following hawkish comments from Fed Chair Kevin Warsh. Wall Street ended lower on Monday, with rising Treasury yields and higher oil prices weighing on risk assets. The S&P 500 fell 0.33%, the Nasdaq Composite declined 0.12% and the Dow Jones Industrial Average dropped 0.70%. The market is also looking ahead to the US nonfarm payrolls report due on Friday, which could provide fresh clues on the Federal Reserve's policy path. Oil prices climbed above $90 a barrel after the US and Iran resumed military strikes following a period of relative calm. US forces struck Iranian rocket launchers on Larak Island in the Strait of Hormuz, while Iran retaliated with attacks on US military targets in Jordan. The escalation has raised concerns over prolonged supply disruptions through the key oil shipping route. Brent crude settled at $90.49 a barrel on Monday, up 2.71%, while the US 10-year Treasury yield rose to around 4.75%. Higher oil prices have revived concerns over persistent inflation, potentially strengthening the case for tighter monetary policy. The renewed conflict has also increased uncertainty over the outlook for the Strait of Hormuz, through which a significant share of global oil shipments normally passes. Shipping activity has fallen sharply amid the hostilities, adding to concerns about further supply disruptions. First Published: Sep 01 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Domestic sales last month were at 1,14,204 units as against 1,02,876 units in August 2025 Motorcycle maker Royal Enfield on Tuesday reported an 11 per cent growth in total sales in August at 1,26,479 units, as compared to 1,14,002 units in the same month last year. Domestic sales last month were at 1,14,204 units as against 1,02,876 units in August 2025, also registering a growth of 11 per cent. B Govindarajan, Managing Director - Eicher Motors Ltd. and Chief Executive Officer - Royal Enfield, said, "August was another growth month for us, continuing our strong sales momentum and setting a robust foundation as we head into the festive season in India." He further stated, "Our key international markets also continued on a strong growth trajectory during the month. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 01 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TVS Motor Company recorded monthly sales growth of 21% with sales of 616,540 units in August 2026 as against 509,536 units in August 2025. Total two-wheelers registered a growth of 21% with sales of 591,437 units in August 2026 as against 490,788 units in August 2025. Domestic two-wheelers registered a growth of 18% with sales of 433,796 units in August 2026 as against 368,862 units in August 2025. Two-wheeler EVs registered an exponential growth of 137% with sales of 59,453 units in August 2026 as against 25,138 units in August 2025. Total International Business sales registered a growth of 29% with sales of 174,452 units in August 2026 as against 135,367 units in August 2025. Two-wheelers sales registered a growth of 29% with sales of 157,641 units in August 2026 as against 121,926 units in August 2025. Three-wheelers registered a growth of 34% with sales of 25,103 units in August 2026 as against 18,748 units in August 2025. First Published: Sep 01 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 01 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Texmaco Rail & Engineering added 3.67% to Rs 112.90 after the company announced that Tsiko Africa Logistics, together with Barberry Holdings, has issued a letter of award for a project worth $135 million. The contract is for the design, manufacture, supply, and commissioning of Wabtec ES43ACi (4,500 HP) diesel-electric locomotives. The contract has to be executed within a period of 20 to 24 months. Texmaco Rail & Engineering (TEXMACO), part of the Adventz Group, is engaged in railway and infrastructure businesses through its Freight Cars, Rail Infrastructure & Green Energy, and Infrastructure-Electrical segments. The company reported a 70.57% year-on-year (YoY) increase in consolidated net profit to Rs 50.03 crore in Q1 FY27 from Rs 29.33 crore in the corresponding quarter last year. Revenue from operations, however, declined 16.90% YoY to Rs 756.68 crore in the quarter ended 30 June 2026. First Published: Sep 01 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Alok Industries Ltd, Indo Count Industries Ltd, EPL Ltd and Prudent Corporate Advisory Services Ltd are among the other losers in the BSE's 'A' group today, 01 September 2026. Alok Industries Ltd, Indo Count Industries Ltd, EPL Ltd and Prudent Corporate Advisory Services Ltd are among the other losers in the BSE's 'A' group today, 01 September 2026. Happiest Minds Technologies Ltd tumbled 10.27% to Rs 365.35 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 8.46 lakh shares were traded on the counter so far as against the average daily volumes of 1.4 lakh shares in the past one month. Alok Industries Ltd lost 8.24% to Rs 7.79. The stock was the second biggest loser in 'A' group.On the BSE, 33.94 lakh shares were traded on the counter so far as against the average daily volumes of 9.03 lakh shares in the past one month. Indo Count Industries Ltd crashed 7.97% to Rs 431.85. The stock was the third biggest loser in 'A' group.On the BSE, 46080 shares were traded on the counter so far as against the average daily volumes of 1.03 lakh shares in the past one month. EPL Ltd plummeted 7.72% to Rs 241.5. The stock was the fourth biggest loser in 'A' group.On the BSE, 85.16 lakh shares were traded on the counter so far as against the average daily volumes of 2.32 lakh shares in the past one month. Prudent Corporate Advisory Services Ltd fell 7.52% to Rs 3363.65. The stock was the fifth biggest loser in 'A' group.On the BSE, 4770 shares were traded on the counter so far as against the average daily volumes of 20121 shares in the past one month. First Published: Sep 01 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Next Mediaworks Ltd, Shyam Telecom Ltd, Wonder Electricals Ltd and Usha Martin Education & Solutions Ltd are among the other losers in the BSE's 'B' group today, 01 September 2026. Next Mediaworks Ltd, Shyam Telecom Ltd, Wonder Electricals Ltd and Usha Martin Education & Solutions Ltd are among the other losers in the BSE's 'B' group today, 01 September 2026. Atal Realtech Ltd lost 19.98% to Rs 26.35 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 2.91 lakh shares were traded on the counter so far as against the average daily volumes of 2.78 lakh shares in the past one month. Next Mediaworks Ltd tumbled 14.29% to Rs 4.32. The stock was the second biggest loser in 'B' group.On the BSE, 45725 shares were traded on the counter so far as against the average daily volumes of 15614 shares in the past one month. Shyam Telecom Ltd crashed 10.00% to Rs 12.15. The stock was the third biggest loser in 'B' group.On the BSE, 6592 shares were traded on the counter so far as against the average daily volumes of 2133 shares in the past one month. Wonder Electricals Ltd pared 9.99% to Rs 80.87. The stock was the fourth biggest loser in 'B' group.On the BSE, 6.55 lakh shares were traded on the counter so far as against the average daily volumes of 2.75 lakh shares in the past one month. Usha Martin Education & Solutions Ltd dropped 9.84% to Rs 5.04. The stock was the fifth biggest loser in 'B' group.On the BSE, 9165 shares were traded on the counter so far as against the average daily volumes of 9320 shares in the past one month. First Published: Sep 01 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vardhman Textiles Ltd saw volume of 237.42 lakh shares by 14:14 IST on NSE, a 125.1 fold spurt over two-week average daily volume of 1.90 lakh shares Caplin Point Laboratories Ltd, Engineers India Ltd, Usha Martin Ltd, Graphite India Ltd are among the other stocks to see a surge in volumes on NSE today, 01 September 2026. Vardhman Textiles Ltd saw volume of 237.42 lakh shares by 14:14 IST on NSE, a 125.1 fold spurt over two-week average daily volume of 1.90 lakh shares. The stock increased 4.68% to Rs.598.85. Volumes stood at 4.23 lakh shares in the last session. Caplin Point Laboratories Ltd recorded volume of 15.46 lakh shares by 14:14 IST on NSE, a 20.61 times surge over two-week average daily volume of 75016 shares. The stock gained 7.44% to Rs.2,704.80. Volumes stood at 92549 shares in the last session. Engineers India Ltd witnessed volume of 501.71 lakh shares by 14:14 IST on NSE, a 16.78 times surge over two-week average daily volume of 29.90 lakh shares. The stock increased 6.35% to Rs.278.50. Volumes stood at 62.49 lakh shares in the last session. Usha Martin Ltd clocked volume of 37.19 lakh shares by 14:14 IST on NSE, a 9.4 times surge over two-week average daily volume of 3.96 lakh shares. The stock gained 0.91% to Rs.503.50. Volumes stood at 4.76 lakh shares in the last session. Graphite India Ltd recorded volume of 58.57 lakh shares by 14:14 IST on NSE, a 8.87 times surge over two-week average daily volume of 6.60 lakh shares. The stock gained 3.96% to Rs.730.35. Volumes stood at 8.53 lakh shares in the last session. First Published: Sep 01 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ONGC, Oil India share prices rose 2% each in Tuesday's trade. First Published: Sep 01 2026 | 3:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 01 2026 | 2:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 14:30 IST, the barometer index, the S&P BSE Sensex, declined 296.22 points or 0.38% to 76,661.05. The Nifty 50 index lost 124.35 points or 0.52% to 23,956.05. In the broader market, the BSE 150 MidCap Index fell 1.03% and the BSE 250 SmallCap Index shed 0.34%. The market breadth was weak. On the BSE, 1,533 shares rose and 2,733 shares fell. A total of 221 shares were unchanged. Economy: India's HSBC Manufacturing PMI eased to 52.8 in August 2026 from 53.5 in July, revised down from the preliminary estimate of 52.9, marking the weakest improvement in the sector's health in five years. Output and new orders continued to expand, but both grew at their slowest pace since August 2021 amid softer demand and challenging market conditions. Export orders also increased, although growth in international sales eased from July. Softer demand weighed on purchasing activity and inventories, while manufacturing employment declined for the first time in two-and-a-half years. Input buying expanded for the 62nd consecutive month, but at its weakest pace over the period. Input cost inflation eased to a six-month low, while output price inflation remained slight and rose at its slowest pace in 45 months. Business confidence improved to its highest level since May, although it remained subdued by historical standards. Buzzing Index: The Nifty Auto index declined 1.95% to 28,280.45. The index tanked 2.68% in the five consecutive trading sessions. Maruti Suzuki India (down 4.92%), Bosch (down 4.35%), Samvardhana Motherson International (down 4.12%), TVS Motor Company (down 4.11%), Ashok Leyland (down 3.84%), Bharat Forge (down 2.37%), Sona BLW Precision Forgings (down 1.65%), Mahindra & Mahindra (down 1.64%), Tube Investments of India (down 1.24%) and Exide Industries (down 1.23%) fell. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.14% to 6.956 compared with the previous session close of 6.947. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.0050 compared with its close of 95.2200 during the previous trading session. MCX Gold futures for 5 October 2026 settlement rose 0.12% to Rs 1,54,649. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.07% to 99.49. The United States 10-year bond yield rose 0.50% to 4.782. In the commodities market, Brent crude for the October 2026 settlement jumped $1.94 or 2.14% to $92.14 a barrel. First Published: Sep 01 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Maruti Suzuki share price falls over 5% post tepid August export data First Published: Sep 01 2026 | 2:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 01 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
VinFast has suspended plans to manufacture three electric vehicles in India and ordered suppliers to halt work on the projects while it reassesses costs, according to two sources and a company memo reviewed by Reuters - a year after the Vietnamese automaker entered a crucial growth market. The manufacturer has asked suppliers to "hold all activities" on three programmes, including a two-door SUV called VF3 - expected to be its most competitive model ?in the market - and the VF6 and VF7 SUVs, which it imports as kits from Vietnam and assembles in the country. India expansion setback The suspension marks another setback for loss-making VinFast, which has turned to India for growth after facing difficulties gaining market share in the US and Europe. The suspension of plans to locally manufacture the three vehicles in India has not been previously reported. Vinfast opened its first factory outside Vietnam in southern India last year and pledged to invest $2 billion, as it sought to build a regional manufacturing base serving South Asia, the Middle East and Africa. VinFast did not directly address whether it suspended local manufacturing plans for the three models. It said it has not changed or suspended plans for the VF6 and VF7 models currently on sale in India and will continue to assemble them at its factory. While VinFast has publicly stated increasing local sourcing from India, including through ?partnerships with domestic suppliers, plans to manufacture the VF3, VF6 and VF7 in the country have not previously been disclosed and were described to Reuters by people familiar with the matter. "India is an important market in VinFast's long-term business and manufacturing strategy," a company representative told Reuters in a statement, adding that based on market research and consumer feedback it is making "appropriate adjustments" to its products to "better meet the needs of Indian customers". VinFast's struggle to break into the world's third-largest car market echoes challenges faced by others, including Volkswagen and Nissan, which did not achieve the kind of scale that has helped companies, such as Suzuki and Hyundai, succeed. In a July memo to suppliers, the automaker said it decided to "temporarily" put on hold all development work related to the VF3, VF6 and VF7. Locally developing and ?sourcing parts would have allowed VinFast to avoid expensive imports and price its cars more competitively. Supplier investments The memo also asked suppliers to provide a detailed breakdown of the "total amount invested to date" on the projects that require payment or reimbursement from VinFast across cost categories such ?as tooling, engineering and materials, along with "supporting documentation where available". VinFast did not meet its planned costs for developing parts in India for the three ?cars, which is why it stopped the work, one of the sources said. Both sources declined to be named as they are not authorised to speak to the media. Backed by Vietnam's largest conglomerate Vingroup, VinFast launched in India in September 2025 with its ?VF6 and VF7 electric SUVs. Its India factory has an initial annual production capacity of 50,000 cars and is scalable to 150,000 units. The automaker has so far sold about 10,000 cars in India, including to its affiliate ride-hailing company Green SM. VinFast said in a ?statement to Reuters it plans to develop India-specific models, rather than just bringing in existing global models. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 01 2026 | 2:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RIL: Jefferies sees O2C, retail growth fuelling re-rating; stock rises 2.5% First Published: Sep 01 2026 | 2:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Deepak Shenoy First Published: Sep 01 2026 | 2:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Religare Enterprises rose 3.36% to Rs 250.95 on Tuesday after investor Ashish Dhawan further increased his stake in the company through open-market purchases. The shares represent 1.06% of Religare Enterprises' total voting share capital. Following the acquisition, Dhawan's holding increased to 2,52,81,090 shares, or 7.41%, from 6.35% earlier. Dhawan also holds 36,19,148 warrants. Including these warrants, his total holding stands at 2.89 crore securities, equivalent to 7.28% of the company's diluted share capital. The latest purchase follows his acquisition of 38 lakh shares on 28 August 2026 for Rs 88.16 crore. The earlier purchase had raised his equity stake to 6.35% from 5.24%. Together, the two acquisitions increased Dhawan's equity holding by 74,00,238 shares, or 2.17%, in three days. Religare Enterprises is a diversified financial services group present across three verticals. REL offers an integrated suite of financial services through its underlying subsidiaries and operating entities, including loans to SMEs, affordable housing finance, health insurance and retail broking. Religare Enterprises reported a consolidated net loss of Rs 46.98 crore in Q1 FY27 compared with a net profit of Rs 8.12 crore in Q1 FY26. Total income increased 25.70% YoY to Rs 2,358.43 crore, led by a 25.17% rise in net insurance premium income to Rs 1,978.27 crore. Religare Enterprises appointed Arjun Lamba as managing director with effect from 12 August 2026. First Published: Sep 01 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Sep 01 2026 | 2:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Non-EVs accounted for about 70 per cent of the 134,125 additional vehicles registered by Tata during the eight-month period First Published: Sep 01 2026 | 2:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of graphite electrode (GE) companies rallied up to 7% in Tuesday's trade. First Published: Sep 01 2026 | 1:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The key equity benchmarks pared all recovery gains and traded in the negative territory in afternoon trade. The Nifty traded below the 24,050 level. Bank, financials and auto stocks led the decline while FMCG, IT and metal shares bucked the trend. At 13:29 IST, the barometer index, the S&P BSE Sensex, was down 12.52 points or 0.02% to 76,944.75. The Nifty 50 index lost 32.30 points or 0.13% to 24,048.10. In the broader market, the BSE 150 MidCap Index fell 0.51% and the BSE 250 SmallCap Index rose 0.09%. The market breadth was negative. On the BSE, 1,835 shares rose and 2,343 shares fell. A total of 249 shares were unchanged. Gainers & Losers: ITC (up 4.58%), HCL Tech (up 4%), Adani Ports (up 3.41%), Bharti Airtel (up 3.26%) and Reliance Industries (up 1.97%) were the top gainers. Shriram Finance (down 4.37%), Nestle India (down 3.21%), Indigo (down 3%), Asian Paints (down 2.92%) and Max Healthcare (down 2.73%) were the top losers. Stocks in Spotlight: Tata Motors fell 1.40%. The company has reported total commercial vehicle (CV) sales of 44,411 units in August 2026, which is higher by 49% as compared with the sales figure of 29,863 units recorded in August 2025. Maruti Suzuki India declined 3.67%. The company has reported total sales of 219,220 units in August 2026, up 21.3% YoY, with growth led by the domestic passenger-vehicle business. The total sales for August 2025 period were 180,683 units. Steel Strips Wheels jumped 7.29%. The company reported its second consecutive record monthly turnover in August 2026, with net turnover rising 53.6% to Rs 592.92 crore during the month from Rs 385.98 crore recorded in August 2025. Global Markets: European equities held flat while their Asian counterparts traded in red on Tuesday as an intensifying global bond market rout and escalating military hostilities in the Middle East severely dampened appetite for risk assets. Investors were also assessing the prospect of further Federal Reserve rate hikes following hawkish comments from Fed Chair Kevin Warsh. Wall Street ended lower on Monday, with rising Treasury yields and higher oil prices weighing on risk assets. The S&P 500 fell 0.33%, the Nasdaq Composite declined 0.12% and the Dow Jones Industrial Average dropped 0.70%. The market is also looking ahead to the US nonfarm payrolls report due on Friday, which could provide fresh clues on the Federal Reserve's policy path. Oil prices climbed above $90 a barrel after the US and Iran resumed military strikes following a period of relative calm. US forces struck Iranian rocket launchers on Larak Island in the Strait of Hormuz, while Iran retaliated with attacks on US military targets in Jordan. The escalation has raised concerns over prolonged supply disruptions through the key oil shipping route. Brent crude settled at $90.49 a barrel on Monday, up 2.71%, while the US 10-year Treasury yield rose to around 4.75%. Higher oil prices have revived concerns over persistent inflation, potentially strengthening the case for tighter monetary policy. The renewed conflict has also increased uncertainty over the outlook for the Strait of Hormuz, through which a significant share of global oil shipments normally passes. Shipping activity has fallen sharply amid the hostilities, adding to concerns about further supply disruptions. First Published: Sep 01 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Motors has reported total commercial vehicle (CV) sales of 44,411 units in August 2026, which is higher by 49% as compared with the sales figure of 29,863 units recorded in August 2025. Domestic CV sales rose 33% YoY to 36,619 units, with HCV truck sales increasing 42% to 10,612 units, while SCV cargo and pickup volumes grew 34% to 14,447 units in August 2026. International CV sales surged 227% YoY to 7,792 units in August 2026 from 2,382 units a year earlier. Tata Motors is Indias largest and a globally renowned manufacturer of utility vehicles, pick-ups, trucks, and buses. The company reported 83% increase in consolidated net profit to Rs 2,556 crore on a 19.3% rise in revenue to Rs 20,667 crore in Q1 FY27 as compared with Q1 FY26. The scrip fell 1.36% to currently trade at Rs 464.50 on the BSE. First Published: Sep 01 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Auto Ltd is quoting at Rs 12396, up 2.19% on the day as on 12:49 IST on the NSE. The stock is up 37.27% in last one year as compared to a 1.92% slide in NIFTY and a 12.19% slide in the Nifty Auto index. Bajaj Auto Ltd is up for a third straight session today. The stock is quoting at Rs 12396, up 2.19% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.11% on the day, quoting at 24107.45. The Sensex is at 77130.77, up 0.23%. Bajaj Auto Ltd has gained around 4.55% in last one month. Meanwhile, Nifty Auto index of which Bajaj Auto Ltd is a constituent, has gained around 1.59% in last one month and is currently quoting at 28841.5, down 0.47% on the day. The volume in the stock stood at 3.22 lakh shares today, compared to the daily average of 2.34 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 12480, up 3.22% on the day. Bajaj Auto Ltd is up 37.27% in last one year as compared to a 1.92% slide in NIFTY and a 12.19% slide in the Nifty Auto index. The PE of the stock is 30.99 based on TTM earnings ending June 26. First Published: Sep 01 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil India Ltd is quoting at Rs 490.8, up 1.58% on the day as on 12:44 IST on the NSE. The stock is up 22.07% in last one year as compared to a 1.89% slide in NIFTY and a 9.65% slide in the Nifty Energy. Oil India Ltd gained for a fifth straight session today. The stock is quoting at Rs 490.8, up 1.58% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 24115.15. The Sensex is at 77169.82, up 0.28%. Oil India Ltd has gained around 8.58% in last one month. Meanwhile, Nifty Energy index of which Oil India Ltd is a constituent, has gained around 2.87% in last one month and is currently quoting at 37949.25, down 0.34% on the day. The volume in the stock stood at 9.21 lakh shares today, compared to the daily average of 30.29 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 492.1, up 1.26% on the day. Oil India Ltd is up 22.07% in last one year as compared to a 1.89% slide in NIFTY and a 9.65% slide in the Nifty Energy index. The PE of the stock is 12.02 based on TTM earnings ending June 26. First Published: Sep 01 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Broader indices outperformance at peak levels in 2026, shows stock market data. First Published: Sep 01 2026 | 1:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Kalyan Jewellers declined as much as 6.7% to ?572.75 apiece. Meanwhile, industry leader Titan Company declined 1.95 per cent to ?5015.75 on the BSE. First Published: Sep 01 2026 | 1:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares in fast-fashion online retail giant Shein lost around 10 per cent after it began trading on Hong Kong's stock market Tuesday, after a long delay in the company's plans to list its shares publicly. Shein raised about $1.7 billion, priced at 48.56 Hong Kong dollars ($6.19) a share, in its initial public offering in Hong Kong in one of the city's biggest new share sales this year. "Shein's Hong Kong listing marks a new starting point," said Leigh Gui, Shein's chief financial officer, in a short speech at its listing ceremony. But in early trading, the shares fell to around 44 Hong Kong dollars. Shein's appeal to customers has been built on ultra-fast, affordable fashion, delivered from China to the West in just days. The end of "de minimis" tariff exemptions in the US and the European Union has raised duties for low-value parcels from China, including Shein's products, as well higher logistics costs caused in part by the war in Iran, have squeezed the company's low-price business model and profitability. Tariff costs have helped force Shein to raise prices, "cutting into its main advantage," said Jacob Cooke, CEO of WPIC Marketing + Technologies. Shein recorded a $99 million loss in the first three months of this year, compared with a $395 million profit in the same period a year earlier. Earlier, Shein, pronounced "she-in," explored listing its shares in New York and London. It moved its headquarters from China to Singapore around 2021. But increasingly strict scrutiny by Beijing as well as from regulators in the US and Europe led it to embrace its Chinese roots and switch to a listing in Hong Kong. Launched in 2012 in China, much of Shein's operations were in the southern province of Guangdong before it shifted its corporate headquarters out of the country. "Guangdong is Shein's roots, and the starting point of our journey," its founder Sky Xu said in a speech in February. Pivoting its focus back to China also highlighted the advantages Shein derives from the supply chain system that "only exists" in Guangdong, said William Ma at GROW Investment Group, referring to its small-batch, fast response manufacturing model. Shein has hit other roadblocks in expanding in Europe. In February, the EU launched a probe against Shein in February with a focus on "illegal" products, including alleged child sexual abuse material. In May, Shein acquired San Francisco-based eco-friendly clothing retailer Everlane, a move that some analysts said was not the best fit. The company's market value was roughly $27 billion as it listed in Hong Kong, a fraction of its peak valuation a few years ago. "Shein has probably missed its golden listing window due to the shift of momentum toward AI and tariffs, which can affect valuations and profitability," said Gary Ng, a senior economist for Asia Pacific at French bank Natixis. Still, Shein's listing is welcome news for Hong Kong, as the Chinese territory makes increasing efforts to hold onto its role as a global financial hub following a downturn in 2023. Hong Kong's stock exchange has experienced a strong year for IPOS so far, raising more than $40 billion. And there is a backlog of companies seeking to list there, said Lorraine Tan at investment research firm Morningstar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Sep 01 2026 | 1:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Sep 01 2026 | 1:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 12:30 IST, the barometer index, the S&P BSE Sensex, jumped 196.41 points or 0.26% to 77,153.68. The Nifty 50 index rose 26.15 points or 0.12% to 24,106.55. In the broader market, the BSE 150 MidCap Index fell 0.33% and the BSE 250 SmallCap Index rose 0.24%. The market breadth was negative. On the BSE, 1,970 shares rose and 2,110 shares fell. A total of 241 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.30% to 10.93. The Nifty 29 September 2026 futures were trading at 24,259, at a premium of 152.45 points as compared with the spot at 24,106.55. The Nifty option chain for the 29 Spetmber 2026 expiry showed a maximum call OI of 64.6 lakh contracts at the 25,000 strike price. A maximum put OI of 60.4 lakh contracts was seen at the 24,000 strike price. Buzzing Index: The Nifty FMCG index added 1.16% to 46,561.10. The index dropped 3.52% in the past four consecutive trading sessions. ITC (up 3.50%), Emami (up 2.77%), Marico (up 2.07%), Varun Beverages (up 1.87%), Dabur India (up 1.13%), Hindustan Unilever (up 1.09%), United Breweries (up 0.99%), Patanjali Foods (up 0.35%) and Godrej Consumer Products (up 0.01%) added. On the other hand, Nestle India (down 3.15%), Colgate-Palmolive (India) (down 2.60%) and Britannia Industries (down 1.24%) edged lower. Stocks in Spotlight: Steel Strips Wheels surged 11.72% after the company reported its second consecutive record monthly turnover in August 2026, with net turnover rising 53.6% to Rs 592.92 crore during the month from Rs 385.98 crore recorded in August 2025. Jindal Worldwide jumped 10.51% after its electric vehicle arm and subsidiary, Jindal Mobilitric, announced plans to expand its retail network to approximately 100 showrooms across India by the end of FY28. First Published: Sep 01 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 01 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Maruti Suzuki India has reported total sales of 219,220 units in August 2026, up 21.3% YoY, with growth led by the domestic passenger-vehicle business. The total sales for August 2025 period were 180,683 units. Domestic passenger vehicle (PV) sales rose 34.8% YoY to 176,971 units, supported by a strong 46.3% YoY increase in utility-vehicle volumes to 79,045 units, while passenger-car sales increased 29.4% to 85,965 units. Exports, however, declined 7.4% YoY to 33,844 units during the period under review. Cumulative sales for April-August FY27 reached 1.14 million units, up 28.6% YoY from 889,070 units. Domestic PV volumes during the period increased 35.6% YoY to 898,402 units, while exports were also higher on a cumulative basis at 188,636 units versus 165,255 units a year earlier. Maruti Suzuki India is India's largest passenger vehicle manufacturer, producing a wide range of hatchbacks, sedans, SUVs and utility vehicles for domestic and export markets. The company's standalone profit after tax declined 10.8% YoY and 6.6% QoQ to Rs 3,352.10 crore in Q1 FY27. Net sales increased 36.4% YoY but declined 0.2% QoQ to Rs 49,959.10 crore in the quarter ended 30 June 2026. The scrip fell 3% to currently trade at Rs 13075.85 on the BSE. First Published: Sep 01 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Auto hit a fresh 52-week high in Tuesday's trade. First Published: Sep 01 2026 | 12:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani group stocks rebound up to 5% day after MSCI sell-off; here's why First Published: Sep 01 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Steel Strips Wheels jumped 7.29% to Rs 328.25 after the company reported its second consecutive record monthly turnover in August 2026, with net turnover rising 53.6% to Rs 592.92 crore during the month from Rs 385.98 crore recorded in August 2025. Gross turnover for the period under review increased 44.7% year-on-year (YoY) to Rs 687.51 crore. The performance was broad-based, led by aluminium products, which grew 73% YoY by value, followed by 2/3-wheelers (up 61% YoY) and trucks (up 53% YoY). Exports also remained strong, with overall export sales increasing 63% YoY by value. The company attributed the growth to sustained commercial-vehicle demand, the continued ramp-up of aluminium wheel volumes for passenger vehicles and EV platforms, improved capacity utilisation and stronger OEM relationships. Steel Strips Wheels (SSWL) is engaged in the manufacturing of steel wheel rims catering to different segments of the automobile industry. The firm operates in the automotive wheel segment. Its geographical segments include India and overseas. The company has reported a 47.01% year-on-year (YoY) increase in consolidated net profit to Rs 69.45 crore in Q1 FY27, compared with Rs 47.24 crore posted in Q1 FY26. Revenue from operations jumped 27.21% YoY to Rs 1,509.81 crore in Q1 FY27 as against Rs 1,186.78 crore in Q1 FY26. First Published: Sep 01 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Caplin Point Laboratories Ltd, Engineers India Ltd, Rain Industries Ltd and Texmaco Rail & Engineering Ltd are among the other gainers in the BSE's 'A' group today, 01 September 2026. Caplin Point Laboratories Ltd, Engineers India Ltd, Rain Industries Ltd and Texmaco Rail & Engineering Ltd are among the other gainers in the BSE's 'A' group today, 01 September 2026. Godrej Agrovet Ltd spiked 9.77% to Rs 675.5 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 3.59 lakh shares were traded on the counter so far as against the average daily volumes of 31624 shares in the past one month. Caplin Point Laboratories Ltd surged 8.08% to Rs 2720.6. The stock was the second biggest gainer in 'A' group. On the BSE, 25434 shares were traded on the counter so far as against the average daily volumes of 11967 shares in the past one month. Engineers India Ltd soared 7.18% to Rs 280.65. The stock was the third biggest gainer in 'A' group. On the BSE, 19.69 lakh shares were traded on the counter so far as against the average daily volumes of 2.12 lakh shares in the past one month. Rain Industries Ltd added 6.23% to Rs 207.05. The stock was the fourth biggest gainer in 'A' group. On the BSE, 2.74 lakh shares were traded on the counter so far as against the average daily volumes of 3.32 lakh shares in the past one month. Texmaco Rail & Engineering Ltd gained 5.79% to Rs 115.2. The stock was the fifth biggest gainer in 'A' group. On the BSE, 2.46 lakh shares were traded on the counter so far as against the average daily volumes of 1.07 lakh shares in the past one month. First Published: Sep 01 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Multibagger stock: Why TBZ shares are locked at 20% upper circuit First Published: Sep 01 2026 | 12:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Euro edged slightly lower against the dollar on Tuesday morning in Asia following German data that recorded a downtick in July. German retail sales, a key measure of consumer spending fell 3.4% month-on-month according to official data released by Destatis, while it was expected to have increased 0.4%. In June, retail sales arrived at 0% (revised from -1.1%). On an annualized basis, the figure dropped 2.5% in July, compared to the prior release of a 0.2% decline. As the time of writing, the EUR/USD pair is down 0.08% on the day at 1.1613. On the NSE, EUR/INR futures are down 0.36% at 110.49. First Published: Sep 01 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The dollar index is steadying around 99.5 on Tuesday after declining in the previous session, as investors continued to assess prospects for Federal Reserve interest rate hikes following hawkish comments from Chair Kevin Warsh and rising oil prices. Rising oil prices on renewed signs of conflict between the two nations is fueling inflation concerns and reaffirming Federal stance of a possible rate hike. Chair Warsh said last week that the Fed would have work to do without clearer evidence that inflation is moving back toward its 2% target. US ISM Manufacturing PMI and JOLTS Job Openings due later today will be closely watched. Among basket currencies, EUR/USD and GBP/USD are both holding almost flat around $1.1613 and $1.3544 respectively. First Published: Sep 01 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 232.27 points or 0.30% to 77,189.54. The Nifty 50 index rose 44.80 points or 0.19% to 24,125.20. In the broader market, the BSE 150 MidCap Index fell 0.15% and the BSE 250 SmallCap Index rose 0.41%. The market breadth was positive. On the BSE, 2,074 shares rose and 1,875 shares fell. A total of 269 shares were unchanged. Initial Public Offer (IPO): Purple Style labs received bids for 10,50,400 shares as against 68,49,816 shares on offer, according to stock exchange data at 11:15 IST on 1 September 2026. The issue was subscribed 0.15 times. The issue opened for bidding on 31 August 2026 and will close on 2 September 2026. The price band of the IPO is fixed between Rs 546 and 575 per share. An investor can bid for a minimum of 26 equity shares and multiples thereof. Deepa Jewellers received bids for 49,98,672 shares as against 1,85,20,085 shares on offer, according to stock exchange data at 11:15 IST on 1 September 2026. The issue was subscribed 0.27 times. The issue opened for bidding on 1 September 2026 and will close on 3 September 2026. The price band of the IPO is fixed between Rs 168 and 177 per share. An investor can bid for a minimum of 84 equity shares and multiples thereof. Rays of Belief received bids for 11,67,026 shares as against 31,37,810 shares on offer, according to stock exchange data at 11:15 IST on 1 September 2026. The issue was subscribed 0.37 times. The issue opened for bidding on 1 September 2026 and will close on 3 September 2026. The price band of the IPO is fixed between Rs 227 and 239 per share. An investor can bid for a minimum of 62 equity shares and multiples thereof. Priority Jewels received bids for 14,13,78,825 shares as against 32,02,500 shares on offer, according to stock exchange data at 11:06 IST on 1 September 2026. The issue was subscribed 44.15 times. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 190 and 200per share. An investor can bid for a minimum of 75 equity shares and multiples thereof. EDS Software Solution received bids for 40,83,44,488 shares as against 1,23,52,942 shares on offer, according to stock exchange data at 11:15 IST on 1 September 2026. The issue was subscribed 33.06 times. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 408 and 429 per share. An investor can bid for a minimum of 34equity shares and multiples thereof. Buzzing Index: The Nifty Metal index rose 1.06% to 13,333.35. The index fell 2.45% in the past trading session. Jindal Stainless (up 3.73%), Welspun Corp (up 2.43%), Steel Authority of India (up 1.56%), Adani Enterprises (up 1.41%), Hindalco Industries (up 0.78%), APL Apollo Tubes (up 0.75%), JSW Steel (up 0.67%), Hindustan Zinc (up 0.62%), Lloyds Metals & Energy (up 0.42%) and Hindustan Copper (up 0.42%) rose. Stocks in Spotlight: SML Mahindra rallied 2.30% after the company announced that it sold 1,175 units in August 2026, registering a 40% growth from 842 units sold in the same period last year. Escorts Kubota rose 0.80%. The company said that its Agri Machinery Business in August 2026 sold 10,072 tractors as against 8,456 tractors sold in August 2025, thereby registering a growth of 19.1% on year-on-year (YoY) basis. Global Markets: Asian markets traded higher on Tuesday despite renewed US-Iran hostilities that pushed oil prices higher and revived concerns over inflation and interest rates. Investors were also assessing the prospect of further Federal Reserve rate hikes following hawkish comments from Fed Chair Kevin Warsh. Wall Street ended lower on Monday, with rising Treasury yields and higher oil prices weighing on risk assets. The S&P 500 fell 0.33%, the Nasdaq Composite declined 0.12% and the Dow Jones Industrial Average dropped 0.70%. The market is also looking ahead to the US nonfarm payrolls report due on Friday, which could provide fresh clues on the Federal Reserve's policy path. Oil prices climbed above $90 a barrel after the US and Iran resumed military strikes following a period of relative calm. US forces struck Iranian rocket launchers on Larak Island in the Strait of Hormuz, while Iran retaliated with attacks on US military targets in Jordan. The escalation has raised concerns over prolonged supply disruptions through the key oil shipping route. Brent crude settled at $90.49 a barrel on Monday, up 2.71%, while the US 10-year Treasury yield rose to around 4.75%. Higher oil prices have revived concerns over persistent inflation, potentially strengthening the case for tighter monetary policy. The renewed conflict has also increased uncertainty over the outlook for the Strait of Hormuz, through which a significant share of global oil shipments normally passes. Shipping activity has fallen sharply amid the hostilities, adding to concerns about further supply disruptions. First Published: Sep 01 2026 | 11:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 01 2026 | 11:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Madhur Knit Crafts traded at Rs 95 on the NSE, a 5% discount to the issue price of Rs 100. The counter hit a high of Rs 100 and a low of Rs 95. About 7.51 lakh shares of the company changed hands at the counter. Madhur Knit Crafts' IPO was subscribed 1.47 times. The issue opened for bidding 24 August 2026 and it closed on 27 August 2026. The price band of the IPO was fixed between Rs 95 to Rs 100 per share. The IPO comprised fresh issue of 53,27,693 equity shares. The company intends to utilize the net proceeds for funding capital expenditure for the purchase of solar panel, working capital requirement of the company, prepayment or repayment of a portion of certain outstanding borrowings availed by the company, general corporate purposes and issue expenses. Ahead of the IPO, Madhur Knit Crafts on 21 August 2026, raised Rs 3.02 crore from anchor investors. The board allotted 3.02 lakh shares at Rs 100 per share to 2 anchor investors. Madhur Knit Crafts, incorporated in 1997 and converted into a public limited company in January 2025, is a textile manufacturer founded by Arun Gupta and his brothers. The company commenced commercial operations in 2013 with blanket manufacturing and has since diversified into fabrics, garments and technical textiles. Its operations are primarily focused on consumer textile products, while technical textiles such as paint roller fabrics contribute minimally to revenue. As of 28 February 2026, the company had 177 employees, including directors and KMPs. The company recorded revenue from operations of Rs 194.69 crore and net profit of Rs 12.35 crore for the period ended 28 February 2026. First Published: Sep 01 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The price band for Deepa Jewellers IPO is set at ?168 to ?177 per share. Investors can apply in lots of 84 shares. First Published: Sep 01 2026 | 11:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 01 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ABH Healthcare traded at Rs 94.05 on the NSE, a 7.79% discount to the issue price of Rs 102. The counter hit a high of Rs 99 and a low of Rs 94.05. About 2.11 lakh shares of the company changed hands at the counter. ABH Healthcare's IPO was subscribed 1.41 times. The issue opened for bidding on 24 August 2026 and it closed on 27 August 2026. The price band of the IPO was fixed between Rs 96 to Rs 102 per share. The IPO comprised fresh issue of 34,29,600 equity shares. The company intends to utilise the net proceeds for the repayment/prepayment, in part or full, of certain borrowings, funding its working capital requirements, financing inorganic growth through unidentified acquisitions and general corporate purposes. The company recorded revenue from operations of Rs 52.51 crore and net profit of Rs 5.64 crore for the period ended 31 March 2026. First Published: Sep 01 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vardhman Textiles Ltd saw volume of 8.68 lakh shares by 10:46 IST on BSE, a 84.7 fold spurt over two-week average daily volume of 10245 shares Allied Blenders & Distillers Ltd, Gland Pharma Ltd, Godrej Agrovet Ltd, Graphite India Ltd are among the other stocks to see a surge in volumes on BSE today, 01 September 2026. Vardhman Textiles Ltd saw volume of 8.68 lakh shares by 10:46 IST on BSE, a 84.7 fold spurt over two-week average daily volume of 10245 shares. The stock increased 5.98% to Rs.605.15. Volumes stood at 14610 shares in the last session. Allied Blenders & Distillers Ltd clocked volume of 3.47 lakh shares by 10:46 IST on BSE, a 16.85 times surge over two-week average daily volume of 20566 shares. The stock gained 0.06% to Rs.618.10. Volumes stood at 9269 shares in the last session. Gland Pharma Ltd clocked volume of 1.25 lakh shares by 10:46 IST on BSE, a 7.73 times surge over two-week average daily volume of 16181 shares. The stock gained 0.15% to Rs.2,892.50. Volumes stood at 3790 shares in the last session. Godrej Agrovet Ltd clocked volume of 2.56 lakh shares by 10:46 IST on BSE, a 6.51 times surge over two-week average daily volume of 39338 shares. The stock gained 8.74% to Rs.669.20. Volumes stood at 11280 shares in the last session. Graphite India Ltd witnessed volume of 3.1 lakh shares by 10:46 IST on BSE, a 5.44 times surge over two-week average daily volume of 56961 shares. The stock increased 5.14% to Rs.738.75. Volumes stood at 64011 shares in the last session. First Published: Sep 01 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
CAS accounted for 22% of NSE's total cash market turnover during the day. More than 98,000 unique investors participated in the session, while turnover was around 42 times the previous trading day's level. The sharp increase in activity was driven by the MSCI August 2026 Index Review, which took effect at the close of trading on 31 August. Index rebalancing typically results in higher closing-session activity as index funds, exchange-traded funds and other passive investors realign their portfolios. The 31 August session also marked the completion of the first month since CAS went live. NSE recorded cumulative CAS turnover of around Rs 63,000 crore during the period, with a market share of 98.2%. CAS is a call auction mechanism used to determine the closing price of eligible stocks in the cash segment. It aggregates buying and selling interest at the close to arrive at a single closing price through an auction-based price discovery process. NSE said the turnover on the first index rebalancing day demonstrated the participation of index funds and passive investors through the new mechanism. The exchange said the increase in turnover over the first month reflected growing acceptance among institutional investors, brokers and retail participants. First Published: Sep 01 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Growth in output and new orders slowed to five-year lows amid softer domestic and international demand. Export orders continued to rise, although growth eased from July. Employment declined fractionally for the first time in two-and-a-half years, while input buying increased for the 62nd consecutive month, albeit at its slowest pace. Finished goods inventories rose for the second month as weaker-than-expected sales prompted caution. Cost pressures also eased, with input price inflation at a six-month low. Selling price inflation remained slight, with fewer than 7% of firms raising charges, while output charge inflation was at its weakest in 45 months. Business confidence improved to its highest since May, though it remained subdued by historical standards. First Published: Sep 01 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jindal Worldwide jumped 5.37% to Rs 40.40 after its electric vehicle arm and subsidiary, Jindal Mobilitric, announced plans to expand its retail network to approximately 100 showrooms across India by the end of FY28. Jindal Mobilitric has already commenced commercial production at its manufacturing facility in Ahmedabad. It has opened two showrooms in Srinagar and Jaipur and has appointed 52 dealers across India. The company said the phased expansion is intended to support consistent customer experience, after-sales service and disciplined capital allocation. Jindal Mobilitric is headquartered in Ahmedabad and designs, develops and manufactures electric vehicles for the Indian market. It is a subsidiary of Jindal Worldwide. Jindal Worldwide is a textile manufacturer engaged in fabric and shirting production, with denim manufacturing forming a key part of its business. The group has expanded into electric mobility through Jindal Mobilitric. Jindal Worldwide reported a consolidated net profit of Rs 32.40 crore in Q1 FY27, up 85.78% YoY from Rs 17.44 crore. Consolidated revenue from operations rose 2.74% YoY to Rs 554.72 crore from Rs 539.90 crore. First Published: Sep 01 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 10:30 IST, the barometer index, the S&P BSE Sensex, jumped 31.91 points or 0.04% to 76,989.18. The Nifty 50 index lost 9.45 points or 0.04% to 24,071.00. In the broader market, the BSE 150 MidCap Index fell 0.32% and the BSE 250 SmallCap Index rose 0.15%. The market breadth was negative. On the BSE, 1,855 shares rose and 1,888 shares fell. A total of 271 shares were unchanged. New Listings: Shares of Symbiotec Pharmalab were currently trading at Rs 968.40 at 10:05 IST on the BSE, representing a discount of 1.98% as compared with the issue price of Rs 988. The stock debuted at Rs 978.20 on the BSE, a discount of 0.99% over its issue price. So far, the stock has hit a high of Rs 1,021.95 and a low of Rs 933.80. On the BSE, over 6.87 lakh shares of the company were traded in the counter so far. Shares of Hy-Tech Engineers were currently trading at Rs 68.69 at 10:10 IST on the BSE, representing a premium of 29.60% as compared with the issue price of Rs 53. The stock debuted at Rs 72 on the BSE, a premium of 35.85% over its issue price. So far, the stock has hit a high of Rs 75.59 and a low of Rs 68.61. On the BSE, over 14.75 lakh shares of the company were traded in the counter so far. Shares of Skyways Air Services were currently trading at Rs 129.90 at 10:10 IST on the BSE, representing a discount of 6.30% as compared with the issue price of Rs 138. The stock debuted at Rs 124.50 on the BSE, a discount of 9.78% over its issue price. So far, the stock has hit a high of Rs 132.80 and a low of Rs 119. On the BSE, over 14.87 lakh shares of the company were traded in the counter so far. Buzzing Index: The Nifty Realty index fell 1.37% to 891.80. The index jumped 2.83% in the four consecutive trading sessions. Prestige Estates Projects (down 4.95%), DLF (down 3.15%), Godrej Properties (down 1.92%), Phoenix Mills (down 1.6%), Anant Raj (down 1.6%), Lodha Developers (down 1.23%), Brigade Enterprises (down 0.87%), Oberoi Realty (down 0.8%) and Sobha (down 0.71%) fell. Stocks in Spotlight: Bajaj Auto rallied 3.05% after the company reported a 28% increase in total vehicle sales to 5,35,764 units in August 2026, compared with 4,17,616 units sold in August 2025. E2E Networks rose 3.10% after the company announced that it had entered into a binding term sheet with a sovereign AI company based in India. First Published: Sep 01 2026 | 10:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Sep 01 2026 | 10:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rays of Belief IPO: Analysts see growth potential but flag execution risks Rays of Belief IPO GMP First Published: Sep 01 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 31 2026 | 3:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The decline follows the government's decision to allow mills that had refined sugar for export to sell it in the domestic market instead Ex-mill sugar prices fell nearly 30 per cent to ?47 per kg on Monday, from a peak of ?67 per kg on August 18, following a series of government interventions, but the drop has yet to filter down to retail shelves, industry sources said. While the decline in ex-mill rates gets reflected almost immediately in wholesale markets, retail prices tend to lag. Retailers who bought stock at the earlier, higher rates are unwilling to sell at a loss and will continue pricing their existing inventory at the older rate until it is exhausted, the sources explained. A retailer typically holds 10-15 bags of sugar, each weighing 50 kg. Only once fresh stock is procured at the lower rate will retail prices adjust accordingly. "It takes at least ten days to reflect changes in the retail price," an industry source said. On Sunday, retail sugar was selling at ?64.23 per kg, against a wholesale rate of ?59.72 per kg. The decline follows the government's decision to allow mills that had refined sugar for export to sell it in the domestic market instead. An estimated 3-3.5 lakh tonnes of this refined sugar is expected to enter the domestic market over the next two months. Additionally, bulk consumers who had been holding stock for more than 15 days have trimmed their inventories to comply with new government norms. From September 1, bulk users consuming more than 10 tonnes of sugar a month will not be permitted to hold stock for more than 15 days at a stretch. The monthly quantity sold by each mill to bulk consumers - whether directly or through dealers - will now be verified. Industry sources noted that a gap of ?2-3 per kg between ex-mill and wholesale prices, and ?7-8 per kg between ex-mill and retail prices, is fairly typical. Besides opening up imports, the government has tightened stockholding norms for bulk users and dealers, and had earlier banned sugar exports. The Centre has blamed mills for "jacking up" prices, insisting the country has ample sugar stocks - even as production estimates for the 2025-26 marketing year (October-September) have been revised down to 306 lakh tonnes, from an earlier projection of 343 lakh tonnes. Annual domestic demand is pegged at around 280-285 lakh tonnes. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 31 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Religare Enterprises jumped 4.42% to Rs 243.35 after investor Ashish Dhawan acquired an additional 38 lakh shares in the company through open-market purchases on 28 August 2026. Following the acquisition, Dhawan's holding increased to 2,16,80,852 shares, or 6.35%, from 5.24% earlier. Dhawan also holds 36,19,148 warrants. Including these warrants, his total holding stands at 2.53 crore securities, equivalent to 6.38% of the company's diluted share capital. Diluted share capital refers to the total equity shares that the company would have if all outstanding warrants and other convertible securities were converted into shares. Religare Enterprises is a diversified financial services group present across three verticals. REL offers an integrated suite of financial services through its underlying subsidiaries and operating entities, including loans to SMEs, affordable housing finance, health insurance and retail broking. Religare Enterprises reported a consolidated net loss of Rs 46.98 crore in Q1 FY27 compared with a net profit of Rs 8.12 crore in Q1 FY26. Total income increased 25.70% YoY to Rs 2,358.43 crore from Rs 1,876.25 crore, led by a 25.17% rise in net insurance premium income to Rs 1,978.27 crore. Religare Enterprises appointed Arjun Lamba as managing director with effect from 12 August 2026. First Published: Aug 31 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ducon Infratechnologies Ltd, KD Green Industries Ltd, Wonder Electricals Ltd and Virtual Global Education Ltd are among the other losers in the BSE's 'B' group today, 31 August 2026. Ducon Infratechnologies Ltd, KD Green Industries Ltd, Wonder Electricals Ltd and Virtual Global Education Ltd are among the other losers in the BSE's 'B' group today, 31 August 2026. Weizmann Ltd crashed 10.92% to Rs 74.83 at 14:21 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 791 shares were traded on the counter so far as against the average daily volumes of 65 shares in the past one month. Ducon Infratechnologies Ltd lost 10.63% to Rs 1.85. The stock was the second biggest loser in 'B' group.On the BSE, 3.59 lakh shares were traded on the counter so far as against the average daily volumes of 1.74 lakh shares in the past one month. KD Green Industries Ltd tumbled 10.00% to Rs 54. The stock was the third biggest loser in 'B' group.On the BSE, 30814 shares were traded on the counter so far as against the average daily volumes of 70884 shares in the past one month. Wonder Electricals Ltd slipped 9.97% to Rs 89.85. The stock was the fourth biggest loser in 'B' group.On the BSE, 10162 shares were traded on the counter so far as against the average daily volumes of 2.88 lakh shares in the past one month. Virtual Global Education Ltd plummeted 9.43% to Rs 0.48. The stock was the fifth biggest loser in 'B' group.On the BSE, 4.99 lakh shares were traded on the counter so far as against the average daily volumes of 4.14 lakh shares in the past one month. First Published: Aug 31 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Supreme Petrochem Ltd registered volume of 10.43 lakh shares by 14:14 IST on NSE, a 17.49 fold spurt over two-week average daily volume of 59612 shares New India Assurance Company Ltd, Transformers & Rectifiers India Ltd, eClerx Services Ltd, IRB Infrastructure Developers Ltd are among the other stocks to see a surge in volumes on NSE today, 31 August 2026. Supreme Petrochem Ltd registered volume of 10.43 lakh shares by 14:14 IST on NSE, a 17.49 fold spurt over two-week average daily volume of 59612 shares. The stock rose 4.18% to Rs.730.15. Volumes stood at 1.99 lakh shares in the last session. New India Assurance Company Ltd registered volume of 235.4 lakh shares by 14:14 IST on NSE, a 17.09 fold spurt over two-week average daily volume of 13.77 lakh shares. The stock rose 3.93% to Rs.193.67. Volumes stood at 23.36 lakh shares in the last session. Transformers & Rectifiers India Ltd registered volume of 98.53 lakh shares by 14:14 IST on NSE, a 5.63 fold spurt over two-week average daily volume of 17.50 lakh shares. The stock rose 2.09% to Rs.309.80. Volumes stood at 7.3 lakh shares in the last session. eClerx Services Ltd recorded volume of 9.78 lakh shares by 14:14 IST on NSE, a 5.57 times surge over two-week average daily volume of 1.76 lakh shares. The stock gained 3.29% to Rs.2,019.80. Volumes stood at 1.89 lakh shares in the last session. IRB Infrastructure Developers Ltd registered volume of 321.4 lakh shares by 14:14 IST on NSE, a 4.73 fold spurt over two-week average daily volume of 67.97 lakh shares. The stock rose 1.36% to Rs.19.33. Volumes stood at 50.17 lakh shares in the last session. First Published: Aug 31 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Inox Wind Ltd is quoting at Rs 69.93, down 2.59% on the day as on 13:19 IST on the NSE. The stock tumbled 50.34% in last one year as compared to a 2.27% slide in NIFTY and a 10.52% spurt in the Nifty Energy index. Inox Wind Ltd dropped for a fifth straight session today. The stock is quoting at Rs 69.93, down 2.59% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.45% on the day, quoting at 24066. The Sensex is at 76990.62, down 0.35%.Inox Wind Ltd has eased around 11.37% in last one month.Meanwhile, Nifty Energy index of which Inox Wind Ltd is a constituent, has eased around 3.05% in last one month and is currently quoting at 38003.65, down 0.67% on the day. The volume in the stock stood at 94.38 lakh shares today, compared to the daily average of 125.54 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 70.29, down 2.81% on the day. Inox Wind Ltd tumbled 50.34% in last one year as compared to a 2.27% slide in NIFTY and a 10.52% spurt in the Nifty Energy index. The PE of the stock is 23.3 based on TTM earnings ending June 26. First Published: Aug 31 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
CESC Ltd is quoting at Rs 146.63, down 1% on the day as on 13:19 IST on the NSE. The stock jumped 31.99% in last one year as compared to a 2.27% slide in NIFTY and a 10.52% spurt in the Nifty Energy index. CESC Ltd fell for a fifth straight session today. The stock is quoting at Rs 146.63, down 1% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.45% on the day, quoting at 24066. The Sensex is at 76990.62, down 0.35%.CESC Ltd has eased around 11.66% in last one month.Meanwhile, Nifty Energy index of which CESC Ltd is a constituent, has eased around 3.05% in last one month and is currently quoting at 38003.65, down 0.67% on the day. The volume in the stock stood at 8.73 lakh shares today, compared to the daily average of 16.9 lakh shares in last one month. The PE of the stock is 22.78 based on TTM earnings ending June 26. First Published: Aug 31 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IndusInd Bank Ltd is quoting at Rs 993.7, down 0.03% on the day as on 13:19 IST on the NSE. The stock jumped 31.99% in last one year as compared to a 2.27% slide in NIFTY and a 6.29% spurt in the Nifty Bank index. IndusInd Bank Ltd is down for a fifth straight session today. The stock is quoting at Rs 993.7, down 0.03% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.45% on the day, quoting at 24066. The Sensex is at 76990.62, down 0.35%.IndusInd Bank Ltd has lost around 3.42% in last one month.Meanwhile, Nifty Bank index of which IndusInd Bank Ltd is a constituent, has eased around 1.46% in last one month and is currently quoting at 57496.3, down 0.17% on the day. The volume in the stock stood at 5.68 lakh shares today, compared to the daily average of 10.11 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 1000, up 0.18% on the day. IndusInd Bank Ltd jumped 31.99% in last one year as compared to a 2.27% slide in NIFTY and a 6.29% spurt in the Nifty Bank index. The PE of the stock is 61.82 based on TTM earnings ending June 26. First Published: Aug 31 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market participants remained cautious ahead of the MSCI index rebalancing, which is expected to trigger sizeable passive fund flows under the new Closing Auction Session (CAS) mechanism. The Nifty traded below the 24,100 level. Investors will closely track movements in crude oil and gold prices, domestic and US bond yields, the rupee, and developments surrounding the US-Iran conflict. The trajectory of monsoon rainfall and its implications for rural demand and inflation will also remain on the radar. IT shares witnessed profit-taking after advancing in the previous session. At 14:25 IST, the barometer index, the S&P BSE Sensex declined 430.53 points or 0.56% to 76,838.49. The Nifty 50 index fell 152.90 points or 0.63% to 24,022.75. In the broader market, the BSE 150 MidCap Index fell 0.58% and the BSE 250 SmallCap Index dropped 0.51%. The market breadth was negative. On the BSE, 1,701 shares rose and 2,642 shares fell. A total of 265 shares were unchanged. Buzzing Index: The Nifty IT index declined 1.51% to 30,810.70. The index jumped 3.51% in the past trading session. Persistent Systems (down 4.2%), LTM (down 2.65%), Infosys (down 1.93%), Mphasis (down 1.71%), Coforge (down 1.54%), Wipro (down 1.37%), Tech Mahindra (down 1.26%), Tata Consultancy Services (down 0.78%) and Oracle Financial Services Software (down 0.39%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.52% to 6.949 compared with the previous session close of 6.913. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.2275 compared with its close of 95.4375 during the previous trading session. MCX Gold futures for the 5 October 2026 settlement fell 1.10% to Rs 1,54,555. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.16% to 99.54. The United States 10-year bond yield declined 0.28% to 4.709. In the commodities market, Brent crude for the November 2026 settlement jumped $2.99 or 3.39% to $91.09 a barrel. First Published: Aug 31 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold, silver ETFs off day's low, still down 4% amid hawkish Fed stance First Published: Aug 31 2026 | 2:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 31 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Emkay expects the divergence between flagship indices and broader market performance to likely continue.Illustration: Binay Sinha First Published: Aug 31 2026 | 2:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With the latest expansion, the Bank's branch network stands at 919 across the country. The new branches include six in Tamil Nadu, five in Andhra Pradesh, three in Telangana and one each in Karnataka and Delhi NCR. First Published: Aug 31 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To supply generator transformers for 1,400 MW nuclear power project at Kaiga, Karnataka Transformers and Rectifiers (India) (TARIL) has secured a large order for the supply of Generator Transformers for the Nuclear Power Corporation of India (NPCIL) Kaiga Units 5 & 6 nuclear power project in Karnataka. The order marks TARIL's first order in the nuclear power sector, adding a new and strategically important segment to the Company's growing portfolio of critical power infrastructure projects. The order has been received from Megha Engineering and Infrastructures (MEIL). Kaiga Units 5&6 comprise two indigenous 700 MWe (Megawatt Electrical) Pressurised Heavy Water Reactors (PHWRs) being developed by NPCIL at Kaiga, Karnataka. The project is part of India's indigenous 700 MWe PHWR programme, supporting the country's efforts to expand nuclear power capacity while strengthening domestic technology and manufacturing capabilities. Together, the two units will add 1,400 MW of nuclear generation capacity at the Kaiga site. The Generator Transformers will form a critical part of the electrical infrastructure of the project, supporting the evacuation of power generated by the nuclear power units and its integration with the transmission network. First Published: Aug 31 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 31 2026 | 1:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The key equity barometers traded with limited losses in afternoon trade amid renewed US-Iran tensions that pushed crude oil prices higher and kept investors in a risk-off mood. Brent crude rose above the $90-per-barrel mark, raising concerns over inflation and its potential impact on interest-rate expectations. Market participants remained cautious ahead of the MSCI index rebalancing, which is expected to trigger sizeable passive fund flows under the new Closing Auction Session (CAS) mechanism. The Nifty traded below the 24,100 level. Investors will closely track movements in crude oil and gold prices, domestic and US bond yields, the rupee, and developments surrounding the US-Iran conflict. The trajectory of monsoon rainfall and its implications for rural demand and inflation will also remain on the radar. At 13:25 IST, the barometer index, the S&P BSE Sensex declined 267.30 points or 0.35% to 76,997.21. The Nifty 50 index dropped 109.05 points or 0.48% to 24,066.60. The broader market underperformed the frontline indices. The BSE 150 MidCap Index plunged 0.50% and the BSE 250 SmallCap Index tumbled 0.39%. The market breadth was negative. On the BSE, 1,746 shares rose and 2,502 shares fell. A total of 299 shares were unchanged. Gainers & Losers: ICICI Bank (up 1.24%), Mahindra & Mahindra (up 0.77%), Bajaj Auto (up 0.63%), Grasim (up 0.53%) and Maruti Suzuki (up 0.46%) were the top gainers. Adani Enterprises (down 4.99%), Adani Ports (down 2.85%), Tata Steel (down 2.51%), Infosys (down 1.87%), Hindalco (down 1.77%) were the top losers. Stocks in Spotlight: Karbonsteel Engineering surged 6.50%. The company received multiple purchase orders aggregating Rs 67.14 crore from Indias largest diversified conglomerate. Avantel advanced 2.39%. The company announced that it had secured a contract worth Rs 117.88 crore from the Defence Research and Development Organisation (DRDO), under the Ministry of Defence, Government of India. Indraprastha Gas rose 2%. The company has increased the price of compressed natural gas (CNG) by Rs 3.89 per kg. Global Markets: European equities edged lower while Asian markets declined on Monday as a sharp military escalation in the Middle East drove crude prices above $90 a barrel, while aggressive re-pricing of U.S. interest rate hike expectations ushered in a high-stakes week of macroeconomic data. Investors also assessed a more hawkish policy outlook from Federal Reserve Chair Kevin Warsh. Warsh said the Fed would have work to do if it was not confident that underlying inflation was returning to its 2% target, prompting markets to raise the probability of a September rate hike to around 57%. Meanwhile, China's manufacturing activity remained in contraction for a second consecutive month in August, although the pace of decline eased. The official manufacturing Purchasing Managers' Index rose to 49.8 from 49.2 in July, remaining below the 50 mark that separates expansion from contraction. The reading was also better than economists' expectations. US equities ended lower on Friday after Warsh's Jackson Hole speech revived concerns over tighter monetary policy. The S&P 500 fell 0.25% to 7,711.76, the Dow Jones Industrial Average slipped 0.02% to 53,559.99 and the Nasdaq Composite declined 0.52% to 26,402.42. The combination of higher rate expectations, elevated bond yields and renewed geopolitical tensions has increased pressure on global risk assets. Markets will now turn to upcoming US employment and inflation data for further clues on the Federal Reserve's policy path. First Published: Aug 31 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Entero Healthcare Solutions fell 1.96% to Rs 1,773.20 on Monday after gaining 30.42% over the past seven trading sessions. Recent bulk deals showed significant buying activity in the stock. 3P Investment Managers, founded and managed by veteran fund manager Prashant Jain, acquired a 2.50% stake in the company through bulk deals on 24 August 2026. Two funds managed by 3P Investment Managers, 3P India Equity Fund 1M and 3P India Equity Fund 1, bought a combined 10,88,500 shares at Rs 1,377.80 each. The transactions were valued at around Rs 150.04 crore and represented a 2.50% stake in Entero Healthcare's paid-up equity capital. The shares were acquired from Prasid Uno Family Trust, according to transaction details. As of June 2026, Surbhi Singh, through Prasid Uno Family Trust, held 45,50,320 shares, representing a 10.45% stake in Entero Healthcare. Entero Healthcare Solutions is engaged in the distribution and marketing of pharmaceutical products, surgical products and other allied services. On a consolidated basis, Entero Healthcare Solutions' net profit rose 37.27% to Rs 38.16 crore on a 38.23% increase in net sales to Rs 1,940.50 crore in Q1 June 2026 over Q1 June 2025. First Published: Aug 31 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aurobindo Pharma Ltd is quoting at Rs 1700.5, up 3.36% on the day as on 12:44 IST on the NSE. The stock is up 65.9% in last one year as compared to a 2.24% slide in NIFTY and a 23.41% slide in the Nifty Pharma. Aurobindo Pharma Ltd is up for a fifth straight session today. The stock is quoting at Rs 1700.5, up 3.36% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.42% on the day, quoting at 24073.95. The Sensex is at 76957.31, down 0.4%. Aurobindo Pharma Ltd has gained around 9.38% in last one month. Meanwhile, Nifty Pharma index of which Aurobindo Pharma Ltd is a constituent, has gained around 0.81% in last one month and is currently quoting at 26991.85, down 0.42% on the day. The volume in the stock stood at 10.4 lakh shares today, compared to the daily average of 9.96 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 1712, up 3% on the day. Aurobindo Pharma Ltd is up 65.9% in last one year as compared to a 2.24% slide in NIFTY and a 23.41% slide in the Nifty Pharma index. The PE of the stock is 36.43 based on TTM earnings ending June 26. First Published: Aug 31 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oracle Financial Services Software Ltd is quoting at Rs 12299, up 0.89% on the day as on 12:44 IST on the NSE. The stock is up 45.16% in last one year as compared to a 2.24% fall in NIFTY and a 13.77% fall in the Nifty IT. Oracle Financial Services Software Ltd rose for a fifth straight session today. The stock is quoting at Rs 12299, up 0.89% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.42% on the day, quoting at 24073.95. The Sensex is at 76957.31, down 0.4%. Oracle Financial Services Software Ltd has added around 8.53% in last one month. Meanwhile, Nifty IT index of which Oracle Financial Services Software Ltd is a constituent, has added around 2.82% in last one month and is currently quoting at 31281.7, down 1.48% on the day. The volume in the stock stood at 2.18 lakh shares today, compared to the daily average of 2.04 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 12348, up 0.64% on the day. Oracle Financial Services Software Ltd is up 45.16% in last one year as compared to a 2.24% fall in NIFTY and a 13.77% fall in the Nifty IT index. The PE of the stock is 29.87 based on TTM earnings ending June 26. First Published: Aug 31 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Next Mediaworks Ltd, Diffusion Engineers Ltd, Kalyani Forge Ltd and Lancer Containers Lines Ltd are among the other gainers in the BSE's 'B' group today, 31 August 2026. Next Mediaworks Ltd, Diffusion Engineers Ltd, Kalyani Forge Ltd and Lancer Containers Lines Ltd are among the other gainers in the BSE's 'B' group today, 31 August 2026. Bharat Global Developers Ltd spiked 20.00% to Rs 121.58 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 1.15 lakh shares were traded on the counter so far as against the average daily volumes of 28158 shares in the past one month. Next Mediaworks Ltd surged 17.11% to Rs 5.27. The stock was the second biggest gainer in 'B' group. On the BSE, 1.67 lakh shares were traded on the counter so far as against the average daily volumes of 4728 shares in the past one month. Diffusion Engineers Ltd soared 14.25% to Rs 468.5. The stock was the third biggest gainer in 'B' group. On the BSE, 2.18 lakh shares were traded on the counter so far as against the average daily volumes of 14532 shares in the past one month. Kalyani Forge Ltd advanced 14.25% to Rs 873.5. The stock was the fourth biggest gainer in 'B' group. On the BSE, 3122 shares were traded on the counter so far as against the average daily volumes of 644 shares in the past one month. Lancer Containers Lines Ltd added 13.62% to Rs 13.1. The stock was the fifth biggest gainer in 'B' group. On the BSE, 7.71 lakh shares were traded on the counter so far as against the average daily volumes of 2.05 lakh shares in the past one month. First Published: Aug 31 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sugar shares rallied up to 13% in Monday's intra-day deals. First Published: Aug 31 2026 | 1:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power Company, has successfully commissioned its 100 MW Group Captive Solar Project (TNGC-2) at Vellalankottai and Nalandhula villages in Kayathar, Tamil Nadu. With this commissioning, TPREL utility portfolio now grows to 12.3 GW and has surpassed the landmark 7 GW operational capacity milestone, reinforcing its position as a leading force in India's clean energy transition. The project will supply clean power to TP Solar (40.625 MW), Tata Power's solar manufacturing arm producing high-efficiency solar cells and modules, Tata Electronics (53.125 MW), a leading electronics manufacturing company focused on semiconductors, precision engineering and advanced electronics and Tata Realty And Infrastructure (6.25 MW), Tata Group's real estate and infrastructure development company, reinforcing Tata Group Companies' commitment to sustainable operations and accelerating India's clean energy transition. The project is designed to generate 240.63 million units (MUs) of clean electricity annually and is expected to offset approximately 1.5 lakh tonnes of COemissions per annum. One of the key highlights of the project is the first-of-its-kind deployment of the Flexible Terrain Compatible (FTC) Single Axis Tracker technology in India for a Tata project. Equipped with 2,61,660 Mono PERC bifacial solar modules, the project is engineered to maximise energy generation while improving operational efficiency across varying terrain conditions. The project highlights TPREL's expertise in executing large-scale solar projects through engineering excellence, best-in-class construction practices and a steadfast focus on quality. The power generated will be transmitted through the Kayathar 400 kV Grid Substation (GSS), ensuring reliable evacuation and efficient delivery of renewable energy to the beneficiary companies. The Companys 7 GW operational capacity comprise more than 5.7 GW of solar and 1.3 GW of wind energy assets. Further strengthening its growth trajectory, TPREL has an additional 5.3 GW under various stages of development, including 2.2 GW of solar and 3.1 GW of wind projects, which are slated for phased commissioning over the next 6 to 24 months. First Published: Aug 31 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company will also put up biomass plants at its Manesar and Kharkhoda factories and also at the new plant at Sanand in Gujarat Car market leader Maruti Suzuki India has increased its capex outlay to ?77,500 crore for five years till FY31 for capacity expansion, new models and R&D among others, its Managing Director and CEO Hisashi Takeuchi said on Monday. Responding to a query from shareholders at the company's annual general meeting, he also assured that Maruti Suzuki cars starting from production year 2008 are compatible with E20 fuel. "Regarding the capex side for FY26-27, we have planned a 40 per cent jump in capex expenditure in a single year, from around ?10,000 crore last year to ?14,000 crore this year. Cumulatively, during FY26-27 to FY30-31, we have planned a capex of ?77,500 crore," he said in response to a shareholder query. Last year, Toshihiro Suzuki, Representative Director and President of Suzuki Motor Corporation -- the parent of Maruti Suzuki India -- had stated that the company would invest ?70,000 crore in the next five to six years in India to strengthen its operations. Elaborating where the investments would be utilised, Takeuchi said,"Capex is planned for capacity expansion, new model development, R&D activities, plant measures, marketing and sales infrastructure, carbon neutral measures, and logistics, and so on." To another question about E20 fuel compatibility, Takeuchi said,"I would like to assure that all of our current ongoing products are E20 compatible products. Actually, we have improved our compatibility to ethanol from the production year 2008. So after 2008, all of our products are E20 compatible." On sustainability efforts in manufacturing, he said the company is taking many steps to achieve carbon neutral manufacturing, including increasing in-house solar capacity from 79.1 megawatt in FY25-26 to 211.3 megawatt by 2030-31, "which will cover almost 35 percent of our total electricity requirements". He further said,"The remaining portion we are going to buy green electricity mainly by solar and wind power for our plant operations." The company will also put up biomass plants at its Manesar and Kharkhoda factories and also at the new plant at Sanand in Gujarat. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 31 2026 | 1:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The fund will invest in core infrastructure sectors ?such as energy, transport and digital infrastructure, while expanding into ?emerging areas including urban infrastructure India's state-backed infrastructure fund has secured commitments worth $2 billion from global and domestic investors, representing more than half ?of its new fund's $3.2 billion target, it said in a statement. National Investment and Infrastructure Fund, India's sovereign-backed alternative asset firm, manages more than $7 billion in equity capital commitments across infrastructure, private markets and climate investments. The Indian government owns a ?49% stake in the firm. The investors in NIIF Infrastructure Fund II include marquee names such as AustralianSuper, CPP Investments, Ontario Teachers' Pension Plan, Temasek Holdings, ICICI Bank and HDFC Bank, according to the statement. The fund will invest in core infrastructure sectors ?such as energy, transport and digital infrastructure, while expanding into ?emerging areas including urban infrastructure and electric mobility. Separately, ?NIIF expects to raise $950 million in co-investment capital, allowing investors to put ?in more money for specific deals in the Indian infrastructure space, according to the statement. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 31 2026 | 1:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators sharply reduced net short in the Euro futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net short position of 36352 contracts in the data reported through Aug 25, 2026. This was a weekly reduction of 22736 net positions. First Published: Aug 31 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style IPO: Analysts wary on high valuation, weak margin; bid or not? First Published: Aug 31 2026 | 1:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The 8th Meeting of the India-Brazil Trade Monitoring Mechanism (TMM) was held in Brasília, Brazil. The meeting was co-chaired by Commerce Secretary, Ministry of Commerce & Industry, Rajesh Agrawal, and Secretary of Foreign Trade, Ministry of Development, Industry, Commerce and Services (MDIC), Tatiana Lacerda Prazeres. The meeting reflected on the strong institutional framework underpinning the India-Brazil Strategic Partnership and the shared commitment of both sides to deepen strategic and economic ties. Bilateral trade between India and Brazil has shown consistent growth, reaching USD 15.07 billion in 2025-26. Recognising the complementarities between the two economies, both sides reaffirmed their shared objective of expanding bilateral trade to USD 30 billion by 2030 through a more diversified, balanced and sustainable partnership, particularly in pharmaceuticals, chemicals, engineering goods and machinery. During the meetings, both sides reviewed progress on the India-MERCOSUR Terms of Reference. The India-MERCOSUR Preferential Trade Agreement offers considerable scope for expansion and modernisation. First Published: Aug 31 2026 | 1:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shankar Sharma, founder of GQuant Investech First Published: Aug 31 2026 | 1:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market participants remained cautious ahead of the MSCI index rebalancing, which is expected to trigger sizeable passive fund flows under the new Closing Auction Session (CAS) mechanism. The Nifty traded below the 24,100 level. Investors will closely track movements in crude oil and gold prices, domestic and US bond yields, the rupee, and developments surrounding the US-Iran conflict. The trajectory of monsoon rainfall and its implications for rural demand and inflation will also remain on the radar. Realty shares extended losses for the third consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex declined 290.94 points or 0.38% to 76,973.57. The Nifty 50 index dropped 109.65 points or 0.47% to 24,063.30. The broader market underperformed the frontline indices. The BSE 150 MidCap Index plunged 0.45% and the BSE 250 SmallCap Index tumbled 0.41%. The market breadth was negative. On the BSE, 1,767 shares rose and 2,411 shares fell. A total of 303 shares were unchanged. In the commodities market, Brent crude for the November 2026 settlement jumped $2.50 or 2.84% to $90.60 a barrel. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 4.98% to 11.21. The Nifty 29 September 2026 futures were trading at 24,256.80, at a premium of 193.50 points as compared with the spot at 24,063.30. The Nifty option chain for the 29 September 2026 expiry showed a maximum call OI of 61.4 lakh contracts at the 25,000 strike price. A maximum put OI of 60.5 lakh contracts was seen at the 24,000 strike price. Buzzing Index: The Nifty Realty index declined 1.31% to 896.95. The index dropped 2.27% in three consecutive trading sessions. Lodha Developers (down 3.48%), Godrej Properties (down 2.52%), Sobha (down 2.43%), Anant Raj (down 1.89%), Aditya Birla Real Estate (down 1.41%), Prestige Estates Projects (down 1.4%), DLF (down 1.29%), Phoenix Mills (down 0.71%) and Oberoi Realty (down 0.51%) declined. Stocks in Spotlight: Karbonsteel Engineering surged 7.35% after the company received multiple purchase orders aggregating Rs 67.14 crore from Indias largest diversified conglomerate. Avantel advanced 2.81% after the company announced that it had secured a contract worth Rs 117.88 crore from the Defence Research and Development Organisation (DRDO) under the Ministry of Defence, Government of India. First Published: Aug 31 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India imported a record 2.78 million bpd of Russian crude in July, or 56 per cent of its total crude imports This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Maruti Suzuki India Chairman RC Bhargava The GST 2.0 gave impetus not only to the automobile industry but to several sectors of the Indian economy, which continues to do well despite the impact of the West Asia war, Maruti Suzuki India Chairman RC Bhargava said, adding the tax reform provided the necessary buffer to navigate this uncertain period. Addressing shareholders in the company's annual general meeting, Bhargava on Monday said Maruti Suzuki India expects the Indian "car industry will grow to 6.3 million by 2031, and that the share of the small car market will grow significantly faster" than it did in the previous five years, driven by the cuts in GST rates in September last year. "The Indian economy continues to do well, and collections of GST remain higher than ever before. This is all despite the Iran problems, the West Asia war, and such issues. I do believe that without GST reforms, we may not have done so well in the difficult months that have elapsed," Bhargava said. Recollecting the optimism he had expressed over the future of the auto industry in the aftermath of the GST reforms, the Chairman of India's car market leader said, "This happened. I'm happy to inform you that these reforms have given a new impetus not only to the automobile industry but to several sectors of the economy. National GDP growth figures have been better than forecast by most agencies." Thanking Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and 'all other members of the government' for the "historical reform step", Bhargava said, "The reform has shown what a big difference it can make to the economy, and I would urge state governments and the central government to proceed faster on the road to reform, continue to make doing business easier, use more technology, as it has been shown that it reduces corruption and delays." Noting that time saving is a major factor in lowering costs of production, he asked the governments to trust the private sector and the power of competition. "The faster wealth is created, faster government revenues will grow, and if the government programs continue as they are going, there will be much more equitable growth from the country," he noted. Bhargava appealed to "all political parties, leaving nobody out" to "see the value of reforms which help to make development faster, which help to increase competitiveness of the Indian economy, and which bring about more employment generation because of larger economic activity". "Please consider this as a national task, because the strength of India in all global matters will lie in its economic strength," he stated. Bhargava noted that it has been witnessed "over the years that without creating wealth, we cannot proceed towards either a more prosperous society, an economically stronger India, or extend welfare measures which sustain". On the outlook of the automotive industry, Bhargava said Maruti Suzuki India is in "the process of making an accurate estimate, as possible, of the likely growth of the car market in the next five years, a happy exercise necessitated by the GST reforms". "This could lead to some changes in our long-term production and sales targets. Today, we are estimating that the car industry will grow to 6.1 million to 6.3 million by 2031, and that the share of the small car market will grow significantly faster than what had happened in the last five years," Bhargava noted. He said the company continues to expand its production capacity to meet expected growth in demand. As a result of expansion projects currently being undertaken by the company, he said, "our installed capacity would reach 2.9 million units at the end of 2026-27, and 3.65 million units at the end of 2030-31. We are doing all this expansion because our economy has a huge potential for growth". Maruti Suzuki India has commissioned two lines at its Kharkhoda plant in Haryana, and work is progressing on the third line. "A fourth line of 2.5 lakh units capacity was commissioned in Hansalpur in Gujarat, raising total capacity to 1 million. This is Suzuki's largest plant anywhere in the world," Bhargava said. Work has started at the new site at Sanand in Gujarat, and it is intended to install a total capacity of 1 million units there. The proposed investment in Sanand is about Rs 35,000 crore, he informed the shareholders. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 31 2026 | 12:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To Rs.2 per share post split Earlier the Dividend was declared on 26th May 2026 at the rate of Rs.5 per equity share of face value of Rs.5 each. First Published: Aug 31 2026 | 12:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MSCI rejig: Laurus, Lenskart among 4 stocks set for $1.5 bn inflows First Published: Aug 31 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For evaluation of efficacy and safety of Saroglitazar Magnesium in patients with MASH Zydus today announced positive topline results from its completed EVIDENCES-X Phase II(b), prospective, multicentre, randomized, double-blind, placebo controlled clinical trial evaluating the efficacy and safety of Saroglitazar Magnesium in patients with Metabolic dysfunction Associated Steatohepatitis (MASH) and fibrosis. The liver biopsy-driven EVIDENCES-X study enrolled 189 subjects who were randomized in a 1:1:1 ratio to receive Saroglitazar 2 mg, Saroglitazar 4 mg or placebo over a treatment period of 52 weeks. The study successfully met its primary endpoint of resolution of steatohepatitis with no worsening of fibrosis at week 52 with the treatment difference of 26.5%. In addition to achieving the primary endpoint, the study demonstrated encouraging findings across key secondary and exploratory endpoints, including improvements in liver histology parameters, steatosis, inflammation and ballooning assessments. Further details would be presented in the upcoming Liver Congress. The EVIDENCES-X trial was led by Prof. Naga Chalasani, M.D., Interim Chair, Department of Medicine, Indiana University School of Medicine, and Prof. Arun J. Sanyal, M.D., Division of Gastroenterology, Virginia Commonwealth University, as co-Principal Investigators. Metabolic dysfunction Associated Steatotic Liver Disease (MASLD) and MASH, continue to represent significant unmet medical needs globally. Experts estimate that approximately 25% of adults worldwide are affected by MASLD, while MASH affects an estimated 5% to 20% of the adult population. MASH is characterized by hepatic steatosis, inflammation, and hepatocellular injury and can progress to advanced fibrosis, cirrhosis, liver failure, liver cancer, and death. First Published: Aug 31 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's central bank stepped in again to support the rupee on Monday, after a surge in oil prices and rising expectations of a US interest-rate hike combined to pressure the currency. The rupee was quoting at 95.44 to the ?dollar at 11:49 a.m. IST, down less than 0.1 per cent from Friday. The currency opened weaker at 95.49 and had briefly fallen to 95.60 on the interbank order-matching system before the regular market session began. The Reserve Bank of India's intervention helped the currency recover, extending a pattern seen repeatedly in recent sessions. The central bank's sustained presence has insulated the rupee from adverse external developments and leaving the currency muted in its response to changes in the factors that would otherwise influence it. "The ?RBI was there right from the start," a currency trader at a private sector bank said, adding that, like several others in the market, he now sees the 95.70-95.80 zone as a key support area for the rupee. Monday's muted price action comes despite mounting oil concerns and higher US Treasury yields. Bent crude rose 3.2 per cent to $90.92 after the latest escalation involving the US and Iran. At the same time, investors increased bets on a Federal Reserve rate ?hike at its September 15-16 meeting after Fed Chair Kevin Warsh struck a more hawkish tone in a closely watched speech on Friday. The ?RBI's activity was not limited to the spot market. Bankers said the central bank ?appeared to have conducted dollar-rupee buy/sell swaps in the very short-dated tenures. This helped cool overnight swap rates that had surged in recent ?sessions because of abundant dollar liquidity from FCNR(B)-related inflows. The cash-tomorrow swap rate dropped to around 0.75 paisa, after touching a high of 2.8 paisa on a ?per-day basis on Friday. The tomorrow-spot rate slipped to around 0.60 paisa. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 31 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 31 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty IT tanks 2%; Infosys, Wipro top losers: What's behind the weakness? First Published: Aug 31 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market participants remained cautious ahead of the MSCI index rebalancing, which is expected to trigger sizeable passive fund flows under the new Closing Auction Session (CAS) mechanism. The Nifty traded below 24,000 level. Investors will closely track movements in crude oil and gold prices, domestic and US bond yields, the rupee, and developments surrounding the US-Iran conflict. The trajectory of monsoon rainfall and its implications for rural demand and inflation will also remain on the radar. Media shares declined after advancing in the past trading session. At 11:25 IST, the barometer index, the S&P BSE Sensex declined 472.79 points or 0.61% to 76,796.62. The Nifty 50 index dropped 172.45 points or 0.71% to 24,003.65. The broader market underperformed the frontline indices. The BSE 150 MidCap Index plunged 0.88% and the BSE 250 SmallCap Index tumbled 0.99%. The market breadth was weak. On the BSE, 1,527 shares rose and 2,535 shares fell. A total of 307 shares were unchanged. In the commodities market, Brent crude for the November 2026 settlement jumped $2.14 or 2.43% to $90.24 a barrel. Initial Public Offer (IPO): Purple Style labs received bids for 2,58,778 shares as against 68,49,816 shares on offer, according to stock exchange data at 11:06 IST on 31 August 2026. The issue was subscribed 0.04 times. The issue opened for bidding on 31 August 2026 and will close on 2 September 2026. The price band of the IPO is fixed between Rs 546 and 575 per share. An investor can bid for a minimum of 26 equity shares and multiples thereof. Lumino Industries received bids for 1,28,81,79,620 shares as against 6,32,05,127 shares on offer, according to stock exchange data at 11:06 IST on 31 August 2026. The issue was subscribed 20.38 times. The issue opened for bidding on 27 August 2026 and will close on 31 August 2026. The price band of the IPO is fixed between Rs 78 and 82 per share. An investor can bid for a minimum of 182 equity shares and multiples thereof. Priority Jewels received bids for 3,76,14,000 shares as against 32,02,500 shares on offer, according to stock exchange data at 11:06 IST on 31 August 2026. The issue was subscribed 11.75 times. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 190 and 200per share. An investor can bid for a minimum of 75 equity shares and multiples thereof. EDS Software Solution received bids for 11,82,57,032 shares as against 1,23,52,942 shares on offer, according to stock exchange data at 11:06 IST on 31 August 2026. The issue was subscribed 9.57 times. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 408 and 429 per share. An investor can bid for a minimum of 34equity shares and multiples thereof. Buzzing Index: The Nifty Media index declined 3.70% to 13,216.40. The index rose 0.39% in the past trading session. Zee Entertainment Enterprises (down 9.66%), Network 18 Media & Investments (down 4.65%), Sun TV Network (down 2.42%), Saregama India (down 2.14%), Prime Focus (down 2.09%) were the top losers. Among the other losers were Nazara Technologies (down 1.8%), Hathway Cable & Datacom (down 1.61%), PVR Inox (down 1.38%), D B Corp (down 1.05%) and Tips Music (down 0.88%) declined. Stock in Spotlight: Shree Refrigerations added 2.39% after the company announced that it had received an order worth Rs 3.93 crore from the Indian Navy's Controller of Procurement, Material Organisation, Mumbai. Indraprastha Gas rose 2.13% after the company increased the price of compressed natural gas (CNG) by Rs 3.89 per kg. Following the revision, CNG in Delhi will cost Rs 86.98 per kg. The revised price is Rs 92.10 per kg in Gurugram and Rs 95.59 per kg in Ghaziabad and Noida. Global Markets: US stock futures were trading 140 lower on Monday, signalling a weak opening for Wall Street, while most Asian markets declined as investors assessed a more hawkish policy outlook from Federal Reserve Chair Kevin Warsh and renewed US-Iran tensions. Warsh said the Fed would have work to do if it was not confident that underlying inflation was returning to its 2% target, prompting markets to raise the probability of a September rate hike to around 57%. Asian technology stocks came under pressure as higher expected borrowing costs weighed on risk appetite. Oil prices rose after the US military struck Iranian missile launchers near the Strait of Hormuz. Brent crude climbed to around $89.30 a barrel, raising concerns over a renewed escalation and potential disruption to oil supplies through the key shipping route. China's manufacturing activity remained in contraction for a second consecutive month in August, although the pace of decline eased. The official manufacturing Purchasing Managers' Index rose to 49.8 from 49.2 in July, remaining below the 50 mark that separates expansion from contraction. The reading was also better than economists' expectations. US equities ended lower on Friday after Warsh's Jackson Hole speech revived concerns over tighter monetary policy. The S&P 500 fell 0.25% to 7,711.76, the Dow Jones Industrial Average slipped 0.02% to 53,559.99 and the Nasdaq Composite declined 0.52% to 26,402.42. The combination of higher rate expectations, elevated bond yields and renewed geopolitical tensions has increased pressure on global risk assets. Markets will now turn to upcoming US employment and inflation data for further clues on the Federal Reserve's policy path. First Published: Aug 31 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zee Entertainment Enterprises dropped 9.60% to Rs 91.80 on Monday, extending its decline for the fourth consecutive session. According to reports, Canara Bank, Union Bank of India and LIC Housing Finance will approach the National Company Law Appellate Tribunal (NCLAT) against the National Company Law Tribunal's (NCLT) order approving the plan. The plan was approved against admitted claims of about Rs 22,006.57 crore. These claims largely relate to personal guarantees provided by Chandra for borrowings by companies linked to the Essel Group. Reports said the lenders have raised concerns over the low recovery under the plan. HDFC Bank, which also opposed the plan, is considering challenging the NCLT order, according to reports. The development adds to the overhang surrounding Zee Entertainment. The company is also facing regulatory proceedings involving Chandra and managing director and CEO Punit Goenka, along with uncertainty surrounding its promoter-group warrant issue. The stock is also facing renewed attention following a public dispute between Essel Group chairman Subhash Chandra and Reliance Industries over media coverage of Chandra's insolvency proceedings. According to reports, Chandra accused Reliance-linked media outlets, including TV18 and CNBC, of presenting a misleading narrative about his debt and the NCLT proceedings. He also revived allegations relating to Zee's share price and the attempted acquisition involving Invesco in 2019. Reliance Group rejected the allegations on 28 August 2026, describing them as baseless. The group said its media brands had never been used to attack anyone and would not be used for such purposes. Reliance also said it holds Chandra in high regard as a businessman and entrepreneur and wished him well. Zee Entertainment Enterprises is a content and technology company with a presence in more than 190 countries and a global reach of over 1.4 billion people. The company operates across television, digital platforms, movies, music and live entertainment, offering content in multiple languages. On a consolidated basis, Zee Entertainment Enterprises' net profit declined 48.30% to Rs 74.30 crore while net sales rose 4.52% to Rs 1907.30 crore in Q1 June 2026 over Q1 June 2025. First Published: Aug 31 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 5.18 crore shares as against 1.76 crore shares on offer. The qualified institutional buyers' (QIB) portion was subscribed 1.72 times, while the non-institutional investors' (NII) category was subscribed 3.55 times. The retail individual investors' (RII) segment was subscribed 2.68 times. The issue opened for bidding on 25 August 2026 and closed on 28 August 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. The issue comprised only a fresh issue of up to 17,683,000 equity shares of Rs 10 face value. Of the net proceeds, the company intends to use Rs 15.408 crore towards funding capital expenditure requirements of the company for purchase of machinery or equipment; Rs 115 crore towards funding working capital requirements of the company; and balance towards general corporate purposes. Annu Projects, established in 2003, is engaged in the design, development, implementation, operations and maintenance of essential overhead and underground utilities infrastructure across telecom, sewerage, gas pipeline and railway signaling verticals. In the telecom infrastructure vertical, it is primarily engaged in surveying, designing, and installing cabling and tower infrastructures for communication, automation, and electronic security systems. Core activities of the company in sewerage infrastructure vertical include pipe laying, construction of manholes, construction of sewerage treatment plants, construction of pumping stations, and construction of structural facilities essential for supporting sewerage operations, construction of storm water drainage systems and screening chambers for combined or sanitary sewers. In FY26 revenue from operations, about 41.50% is accounted by telecom infrastructure, 52.67% from sewerage infrastructure, 4.03% from gas pipeline and 1.80% from others including trading of machines etc. As on June 30, 2026, it owned a fleet of more than 558 machine and equipment (such as horizontal directional drilling machine, excavators, splicing machine, digitrak machine, OTDR machine, HDPE pipe welding machine etc) The firm reported a consolidated net profit of Rs 33.03 crore and sales of Rs 241.25 crore for the twelve months ended on 31 March 2026. First Published: Aug 31 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators in the US dollar futures continue to slide, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of US dollar index futures, traded by large speculators and hedge funds, totaled a net long position of 18682 contracts in the data reported through August 25, 2026, marking a decrease of 397 net positions compared to the previous week. First Published: Aug 31 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Avantel advanced 2.46% to Rs 160.60 after the company announced that it had secured a contract worth Rs 117.88 crore from the Defence Research and Development Organisation (DRDO), under the Ministry of Defence, Government of India. The order is scheduled to be executed by February 2029. Avantel is engaged in the business of designing, developing, and maintaining wireless and satellite communication products, defence electronics, radar systems, and the development of network management software applications for its customers, mainly from the aerospace and defence sectors. The company reported a 67.39% year-on-year increase in consolidated net profit to Rs 5.39 crore in Q1 FY27, compared with Rs 3.22 crore in Q1 FY26. Revenue from operations rose 35.65% year-on-year to Rs 70.42 crore in Q1 FY27. First Published: Aug 31 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Concord Biotech Ltd registered volume of 21.09 lakh shares by 10:46 IST on BSE, a 127.52 fold spurt over two-week average daily volume of 16536 shares Granules India Ltd, Sapphire Foods India Ltd, New India Assurance Company Ltd, Craftsman Automation Ltd are among the other stocks to see a surge in volumes on BSE today, 31 August 2026. Concord Biotech Ltd registered volume of 21.09 lakh shares by 10:46 IST on BSE, a 127.52 fold spurt over two-week average daily volume of 16536 shares. The stock slipped 0.90% to Rs.1,468.90. Volumes stood at 9482 shares in the last session. Granules India Ltd registered volume of 5.13 lakh shares by 10:46 IST on BSE, a 29.73 fold spurt over two-week average daily volume of 17264 shares. The stock slipped 1.45% to Rs.824.85. Volumes stood at 21729 shares in the last session. Sapphire Foods India Ltd saw volume of 8.41 lakh shares by 10:46 IST on BSE, a 6.82 fold spurt over two-week average daily volume of 1.23 lakh shares. The stock dropped 3.61% to Rs.224.00. Volumes stood at 26878 shares in the last session. New India Assurance Company Ltd recorded volume of 9.3 lakh shares by 10:46 IST on BSE, a 6.38 times surge over two-week average daily volume of 1.46 lakh shares. The stock gained 6.04% to Rs.197.65. Volumes stood at 2.2 lakh shares in the last session. Craftsman Automation Ltd notched up volume of 9925 shares by 10:46 IST on BSE, a 6.32 fold spurt over two-week average daily volume of 1571 shares. The stock slipped 1.15% to Rs.10,999.95. Volumes stood at 1657 shares in the last session. First Published: Aug 31 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ather Energy hit a new high at ?1,675 in Monday's trade. First Published: Aug 31 2026 | 11:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For development of integrated CBG and waste-to-energy projects OIL Green Energy (OGEL), a wholly owned subsidiary of Oil India (OIL), signed Memoranda of Understanding (MoUs) with four Municipalities of Haryana Gurugram, Faridabad, Hisar and Ambala for development of Integrated CBG and Waste-to-Energy Projects across the respective clusters. The four projects are proposed across the Hisar (500 TPD), Ambala (900 TPD), Faridabad (1,600 TPD) and Gurugram (2,000 TPD) clusters. Together, the facilities will have the capacity to scientifically process 5,000 tonnes of municipal solid waste per day and are expected to produce 7075 TPD of Compressed Biogas (CBG) along with 50 MW of green power. The projects envisage an integrated waste processing and resource-recovery approach, wherein municipal solid waste will undergo scientific pre-processing and segregation to maximise resource recovery. Recyclable material will be recovered, the wet and biodegradable fraction will be utilised for production of CBG, while only the non recyclable dry fraction will be utilised for generation of electricity through Waste-to Energy facilities. This integrated approach is aimed at maximising resource recovery, optimising energy recovery from non-recyclable waste and reducing dependence on landfilling, while converting different fractions of municipal waste into valuable clean energy in the form of CBG and green electricity. First Published: Aug 31 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank stock is seen trading near its 100-month moving average for the first-time in its 30-year history, notes tech analyst Drumil Vithlani. First Published: Aug 31 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shree Refrigerations added 1.41% to Rs 406.60 after the company announced that it had received an order worth Rs 3.93 crore from the Indian Navy's Controller of Procurement, Material Organisation, Mumbai. The total value of the order is Rs 3.93 crore, with delivery scheduled by 28 August 2027, or 365 days from the date of the order, which was received on 28 August 2026. The company clarified that the transaction does not constitute a related-party transaction. It further stated that neither its promoters nor members of the promoter group have any interest in the contract. Shree Refrigerations is engaged in the business of manufacturing chillers, refrigeration and air conditioning appliances, and other parts of the Heating, Ventilation, and Air Conditioning (HVAC) industry, offering an array of advanced systems and equipment to industries majorly in the domestic market. On a full-year basis, the company's standalone net profit jumped 64.6% year-on-year (YoY) to Rs 21.40 crore in FY26, compared with Rs 13 crore in FY25. Revenue from operations surged 55.5% YoY to Rs 153.55 crore in FY26. First Published: Aug 31 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ZEEL tanks 15% as Chandra's insolvency resolution plan faces fresh hurdle First Published: Aug 31 2026 | 10:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market participants remained cautious ahead of the MSCI index rebalancing, which is expected to trigger sizeable passive fund flows under the new Closing Auction Session (CAS) mechanism. The Nifty traded below 24,050 mark. Investors will closely track movements in crude oil and gold prices, domestic and US bond yields, the rupee, and developments surrounding the US-Iran conflict. The trajectory of monsoon rainfall and its implications for rural demand and inflation will also remain on the radar. Metal stocks came under pressure after rising in the previous trading session At 10:25 IST, the barometer index, the S&P BSE Sensex declined 469.98 points or 0.61% to 76,794.63. The Nifty 50 index dropped 162.35 points or 0.66% to 24,022.30. In the broader market, the BSE 150 MidCap Index plunged 0.82% and the BSE 250 SmallCap Index tumbled 1.03%. The market breadth was negative. On the BSE, 1,427 shares rose and 2,438 shares fell. A total of 337 shares were unchanged. In the commodities market, Brent crude for the November 2026 settlement jumped $2.14 or 2.43% to $90.24 a barrel. Earnings Today: LEAP India (down 0.50%) and Milky Mist Dairy Food (up 0.07%) will announce their quarterly earnings today. New Listings: Shares of Augmont Enterprises were currently trading at Rs 947.85 at 10:12 IST on the BSE, representing a premium of 20.29% as compared with the issue price of Rs 788. The stock debuted at Rs 956 on the BSE, a premium of 21.32% over its issue price. So far, the stock has hit a high of Rs 1,019 and a low of Rs 942. On the BSE, over 8.25 lakh shares of the company were traded in the counter so far. Buzzing Index: The Nifty Metal index declined 2.22% to 13,224.75. The index jumped 0.75% in the past trading session. Hindustan Zinc (down 4.4%), Vedanta (down 3.61%), National Aluminium Company (down 3.32%), Adani Enterprises (down 2.97%), Hindalco Industries (down 2.95%), Tata Steel (down 2.59%), Lloyds Metals & Energy (down 2.31%), Jindal Steel (down 2.14%), APL Apollo Tubes (down 2.09%) and JSW Steel (down 1.94%) declined. Stocks in Spotlight: Transformers and Rectifiers (India) advanced 2.78% after the company announced that it has received a purchase order from Megha Engineering and Infrastructures (MEIL) for manufacturing transformers and related works. Ashoka Buildcon gained 13.49% after the company announced that it has secured a Rs 602.16-crore order from Rail Vikas Nigam (RVNL) for electro-mechanical works for tunnels under the RishikeshKarnprayag rail project in Uttarakhand. First Published: Aug 31 2026 | 10:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 31 2026 | 10:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The new Experience Centre marks a significant step in the Company's retail expansion strategy and has been designed to offer consumers a more engaging, immersive, and interactive stationery and lifestyle experience. First Published: Aug 31 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Augmont Enterprises were currently trading at Rs 947.85 at 10:12 IST on the BSE, representing a premium of 20.29% as compared with the issue price of Rs 788. So far, the stock has hit a high of Rs 1,019 and a low of Rs 942. On the BSE, over 8.25 lakh shares of the company were traded in the counter so far. The initial public offer of Augmont Enterprises was subscribed 105.78 times. The issue opened for bidding on 21 August 2026 and it closed on 25 August 2026. The price band of the IPO is fixed between Rs 750 and 788 per share. The IPO comprised a fresh issue of equity shares worth up to Rs 620 crore and an offer for sale aggregating up to Rs 205 crore by Namita Ketan Kothari, Vivek Prithviraj Kothari, and Dimple Mukesh Kothari. The objectives of the fresh issue include Rs 465 crore towards future working capital requirements, primarily for procurement, maintenance and scaling up of inventory, as well as funding advance margin requirements for inventory procurement. The remaining proceeds will be used for general corporate purposes. The promoters and promoter group hold an aggregate of 7,74,48,478 equity shares, aggregating to 92.75% of the pre-offer issued and paid-up equity share capital. Their post IPO shareholding is expected to be around 81.91%. Augmont Enterprises is an integrated gold and silver platform operating across the value chain, including procurement and refining, bullion trading, digital gold, jewellery manufacturing, international sales and gold-backed financial services. The company serves businesses and consumers through its Augmont SPOT enterprise platform and Augmont Gold for All consumer platform, with operations spanning 24 states in India. In FY26, 86.8% of revenue came from Augmont SPOT, primarily from gold and silver sales, while consumer-focused offerings contributed 7.1%. The company operates two refining units in Rudrapur and Mumbai with a combined installed capacity of 284 mtpa and has 20 spot delivery centres across 13 states. Its international business includes gold jewellery manufacturing at its Sitapur SEZ unit in Jaipur and sales across markets such as Hong Kong, Turkey and the UAE. The company plans to expand its enterprise customer base, delivery network and product offerings while strengthening its presence across domestic and international markets. Ahead of the IPO, Augmont Enterprises, on 20 August 2026, raised Rs 2.46 crore from anchor investors. The board allotted 31.25 lakh shares at Rs 788 each to 15 anchor investors. The firm reported a consolidated net profit of Rs 333.92 crore and sales of Rs 94,186.21 crore for the twelve months ended on 31 March 2026. First Published: Aug 31 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lenskart up 3% ahead of MSCI rejig; Nomura calls it a generational stock First Published: Aug 31 2026 | 10:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex rose amid positive global cues while parsing the outcome of the assembly elections First Published: Aug 31 2026 | 10:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A Rs 12,000 Crore Opportunity Without Cash: Max Estates’ 84.7-Acre Delhi Deal First Published: Aug 31 2026 | 10:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Aug 31 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee is staying relatively flat to lower against the dollar in opening trades on Monday as dollar staged a massive spike to a 2-week high amid inflationary concerns. Renewed conflict between US and Iran is accentuating inflation concerns at a time when Fed is already sounding hawkish on interest rates. Fed Chairman Kevin Warsh at the Jackson Hole economic symposium warned on Friday that inflation is not slowing significantly and that unless policymakers become confident it is, the central bank has work to do. INR opened at Rs 95.56 per dollar and recovered to a high of 95.40 so far during the day but almost unchanged as compared to previous close at 95.43. Indian shares also opened lower on Monday as investors react to rising oil prices and global bond yields. Brent crude prices jumped more than 2 percent to trade above $90 a barrel after American forces targeted two rocket launches on Iran's Larak Island, killing and wounding several Iranian fighters and civilians. First Published: Aug 31 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Transformers and Rectifiers (India) advanced 3.54% to Rs 314.35 after the company announced that it has received a purchase order from Megha Engineering and Infrastructures (MEIL) for manufacturing transformers and related works. The order is scheduled for delivery within 35 months. The company clarified that the order was received in the normal course of business and does not constitute a related-party transaction. Transformers and Rectifiers (India) is a leading manufacturer of transformers and reactors. It caters to power generation, transmission, distribution, and industrial sectors on a B2B model. The companys consolidated net profit declined 8.66% to Rs 61.52 crore despite an 8.13% increase in revenue from operations to Rs 572.34 crore in Q1 FY27 over Q1 FY26. First Published: Aug 31 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On Friday, the rupee rose marginally by 2 paise to settle at 95.43 against the US dollar The rupee fell 13 paise to trade at 95.56 per US dollar on Monday morning pressured by rising crude oil prices and geopolitical strain. Forex traders said market participants have raised the probability of a September Fed rate hike, pushing US Treasury yields higher and triggering a broad dollar rally, denting investor sentiments further. At the interbank foreign exchange market the rupee opened at 95.56, registering a fall of 13 paise from its previous close. On Friday, the rupee rose marginally by 2 paise to settle at 95.43 against the US dollar. The rupee opened lower as the dollar index was at 99.62 level, while most other assets fell from their levels on Friday, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. The rupee is expected to be in the range of 95.25 to 95.75 with exporters to sell near 95.60 levels and importers to buy all dips that they get with no directional movement being seen in the currencies, Bhansali added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.62, lower marginally by 0.07 per cent. Brent crude, the global oil benchmark, was trading higher by 1.34 per cent at $89.28 per barrel in futures trade, driven by a renewed Middle East supply-risk premium after the US strike on Iran's Larak Island and subsequent Iranian retaliation, raising fresh concerns about oil flows through the Strait of Hormuz. Forex traders said RBI is intervening in the market to stem any significant depreciation in the rupee. Moreover, better-than-expected flows under the FCNR(B) scheme also boosted investor sentiments. On the domestic equities market front, Sensex declined 226.60 points to 77,028.56, while the Nifty fell 120.40 points to 24,053.55. Foreign institutional investors offloaded equities worth Rs 5,039.80 crore on a net basis on Friday, according to exchange data. India's forex reserves jumped $12.422 billion to a new all-time high of $729.328 billion during the week ended August 21, the RBI said on Friday. Meanwhile, the Commerce Ministry will meet with industry associations and representatives of export promotion councils on September 1 on India-US trade performance. The meeting will be chaired by Additional Secretary in the ministry Darpan Jain. He is also the country's chief negotiator for the India-US bilateral trade agreement. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 31 2026 | 10:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank: DIIs, retail investors put money despite stock underperformance First Published: Aug 31 2026 | 9:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In association with Mahesh Babu Foundation Blue Cloud Softech Solutions announced a technology association with the Mahesh Babu Foundation, founded by Superstar Mahesh Babu and led by Namrata Shirodkar Ghattamaneni. The association brings Blue Cloud's AI and digital health capabilities to the Foundation's work in healthcare, education, women's empowerment, HPV vaccination and rural transformation. The first initiative under the association is GMB Life, a preventive screening and wellness application launched today on the Apple App Store and Google Play. In the next phase, Blue Cloud and the Foundation plan to establish BluHealth-enabled healthcare kiosks at selected locations, beginning where the Foundation already conducts health camps. Each kiosk will offer a contactless wellness scan in about a minute, with local doctors on site or by tele consultation to review results, guide users and refer them to Foundation-supported hospitals where needed. Screening records will link to the user's GMB Life profile so the Foundation can track follow up and direct camps where need is greatest. Locations and timelines will be announced in due course. First Published: Aug 31 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Share markets slid on Monday in Asia as fresh fighting broke out between the US and Iran, lifting oil prices, while bond yields stayed elevated after investors narrowed the odds on a US rate hike. Brent futures climbed 2.8 per cent to $90.60 a barrel after US forces struck two of Iran's launchers on its island of Larak on Sunday. In response, Iran was attacking US forces stationed in Jordan, Fox News said. President Donald Trump later posted that Kharg Island, Iran's main oil terminal, ?was being "blown to smithereens," though there was no confirmation of this from the military. The resulting risk to inflation kept bond markets on edge after Federal Reserve Chair Kevin Warsh emphasised on Friday the central bank had work to do to control inflation. Markets reacted by lifting the probability of a September rate increase to 57 per cent, shoving short-term Treasury yields sharply higher and flattening the curve. "We continue to expect that a hike won't come until December, though agree that the September meeting is live," said Michael Feroli, chief US economist at JPMorgan. "Moreover, regardless of the exact timing of hikes, Warsh's speech suggested a chair more willing to translate his concern about inflation into a policy tightening." Key to the chance of an early hike will be the outcome of Friday's August payrolls report and consumer price data due on September 11. Analysts are forecasting a bounce of 58,000 in jobs, following July's shock drop of 23,000, with unemployment holding at 4.1 per cent. It would probably need a much weaker outcome to greatly lessen the risk of a ?September rate move. The inflation threat is expected to spur New Zealand's central bank to hike rates for a second straight meeting on Wednesday, while the Bank of Canada is seen on hold, given the damage a trade war with the US could do to the economy. Higher yields combined with geopolitical stress to push Japan's Nikkei down 1.6 per cent, while South Korean stocks fell 2.2 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan lost 1.2 per cent. Chinese blue chips eased 0.7 per cent as the official manufacturing purchasing managers' index (PMI) picked up to 49.8 in August from 49.2 in July, pointing to activity that remains subdued. In Europe, EUROSTOXX 50 futures dropped 0.5 per cent, while DAX futures eased 0.4 per cent. On Wall Street, S&P 500 futures dipped 0.4 per cent and Nasdaq futures shed 0.5 per cent. Dollar back above160 Yen Inflation and interest rates will be high on the menu when G20 finance ministers and central bankers meet in North Carolina on Monday and Tuesday. In an interview ?with Reuters on Sunday, US Treasury Secretary Scott Bessent said he planned to meet the head of the Bank of Japan amid speculation that it, too, will raise interest rates in September. Analysts argue a series of hikes is needed to shore up the yen, which again slid past 160.00 per dollar on Friday. Asked ?about the yen, Bessent said the move was "pretty well contained," suggesting the slide was not disorderly enough to trigger a repeat of joint Japan-US intervention. The dollar was ?0.1 per cent lower at 159.78 yen, still some way from the July top of 163.99. Japanese bonds followed Friday's selloff in Treasuries as 10-year yields again hit their highest since 1996. Two-year Treasury yields held at 4.34 per cent, after jumping almost 12 basis points on Friday. Yields on 30-year bonds were ?more contained at 5.2080 per cent, with investors taking some comfort from Warsh's emphasis on fighting inflation. The euro was a shade firmer at $1.1590, having slipped 0.6 per cent on Friday after Warsh's speech. Data on EU inflation due this week is expected to cement market pricing for another hike from the European Central Bank when ?it meets on September 10. In commodity markets, US crude rose 2.5 per cent to $85.50 a barrel. Gold lost 1.0 per cent to $4,405 an ounce, having shed 3.2 per cent on Friday as yields spiked. [GOL/] (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 31 2026 | 9:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The euro edged up 0.1 per cent to $1.1591, while sterling was little changed at $1.3539 The dollar held steady near a two-week high on Monday as markets ramped up bets on a rate hike after hawkish remarks by Federal Reserve Chair Kevin Warsh, while the yen slipped back through the closely watched 160-per-dollar level. The US central bank will "have work to do" if policymakers don't get the confidence they need that inflation is heading down to 2 per cent, Federal Reserve Chairman Kevin Warsh said ?on Friday, in his clearest indication yet that further tightening may be needed to curb price pressure. The comments fuelled bets on a September rate hike. Markets raised the implied probability of a move next month to 57 per cent, while yields on interest-rate-sensitive two-year US Treasury notes rose to a more than one-month high of 4.33 per cent. "Warsh's defense of the inflation target has reduced a major drag on the US dollar and shifted the focus back to economic fundamentals," said OCBC's FX strategist Sim Moh Siong, adding that it helped rebuild the Fed's credibility and eased concerns about currency debasement. Investors are now turning their focus to incoming US data, particularly Friday's nonfarm payrolls report and next week's consumer inflation figures, both of which could shape expectations ahead of the September Fed meeting. The euro edged up 0.1 per cent to $1.1591, while sterling was little changed at $1.3539. Both currencies remained on track for their ?second monthly gains. The dollar index, which measures the US currency against six major peers, ticked down slightly to 99.6 after jumping 0.6 per cent on Friday to its strongest level since August 17. Even so, the index was still on track for a second consecutive monthly decline, as US Treasury bond-buyback plans earlier in the month revived debasement trades. Dollar demand was also supported by higher oil prices on Monday. Brent oil rose nearly 2 per cent after US forces struck Iran's Larak Island on Sunday, a US official said, which marks the first known American strikes on Iran since late July. Focus will turn to a US-hosted meeting of G20 finance ministers and central bank governors on Monday and Tuesday. Markets will watch for signs of coordinated efforts to sever ties with Iran, ?as well as measures aimed at easing concerns over rising US debt and bond yields. A persistently weak yen is also in focus, with the dollar's renewed strength adding to pressure on the Japanese currency after it surrendered much of the gains made following July's ?intervention. The yen was slightly weaker at 160.01 per dollar, after sliding beyond the 160-per-dollar level on Friday, a level widely viewed as increasing the ?risk of official intervention and putting the spotlight back on whether Tokyo and Washington may step in again to support the currency. US Treasury Secretary Scott Bessent said on Sunday that recent yen moves had been "pretty well contained" and that he expected ?Bank of Japan Governor Kazuo Ueda to "do the right thing" on monetary policy. "Historically, interventions have only held when fundamentals moved in the same direction," said Carlos Casanova, UBP's senior economist for Asia. "The yen remains under pressure from a still-wide rate gap, negative real ?rates, and the Bank of Japan's cautious pace." Elsewhere, the New Zealand dollar was little changed at $0.5916, and the Australian dollar edged up 0.1 per cent to $0.7163. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 31 2026 | 9:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities in F&O Ban: Shares of LIC Housing Finance and SAIL are banned from F&O trading on 31 August 2026. New Listings: Augmont Enterprises will list on the stock exchanges today. The IPO was subscribed 105.78 times. The offer received bids for 81.61 crore shares as against 77.15 lakh shares on offer. The issue opened for bidding on 21 August 2026 and it closed on 25 August 2026. Result Today: LEAP India, Milky Mist Dairy Food, Setco Automotive, Cressanda Railway Solutions, Dachepalli Publishers, and Standard Surfactants will announce their quarterly earnings today. Stocks to Watch: Reliance Industries announced that its Jio Platforms (JPL), a subsidiary of the company, has received the observation letter from the Securities and Exchange Board of India (SEBI) on the Draft Red Herring Prospectus (DRHP) filed for its proposed initial public offering (IPO). HDFC Bank said Sashidhar Jagdishan has decided not to seek reappointment as Managing Director & Chief Executive Officer (MD & CEO) of the bank. Accordingly, Jagdishan will retire from the services of the bank with effect from 26 October 2026. The Board has decided to fast-track the process for selection and appointment of his successor well in advance. Cipla said the US Food and Drug Administration (USFDA) has classified the inspection of Unit 3, a manufacturing facility of its US-based subsidiary InvaGen Pharmaceuticals Inc., as Voluntary Action Indicated (VAI). The USFDA conducted the inspection of the facility from 13 to 17 July 2026. Max Estates has entered into a Share Purchase Agreement to acquire the entire ownership interest in promoter-owned land-holding companies that together own an approximately 84.71-acre land parcel in West Delhi. The acquisition is structured as a non-cash share-swap transaction, with the consideration to be discharged entirely through the issue of the company's own equity shares. The said land parcel is estimated to unlock a gross development value (GDV) of around Rs 10,000-12,000 crore over the next few years. Prestige Estates announced the launch of a new residential development in Madhavaram, North Chennai, named Prestige Palm Court. The development is spread across 7.98 acres of land in Madhavaram, with an estimated gross development value (GDV) of Rs 1,330 crore. Ashoka Buildcon said it has received a Letter of Acceptance (LoA) worth Rs 602.16 crore from Rail Vikas Nigam (RVNL) for the supply and commissioning of an electromechanical system. Transformers and Rectifiers (India) said it has secured a large order from Megha Engineering and Infrastructures for the supply of generator transformers for Nuclear Power Corporation of Indias (NPCIL) Kaiga Units 5 & 6 nuclear power project in Karnataka. Indraprastha Gas has increased the price of compressed natural gas (CNG) across Delhi-NCR by Rs 3.89 per kg, citing the re-escalation of the West Asia crisis. First Published: Aug 31 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Value of gold reserves increased USD 2.801 billion to USD 114.218 billion during the week. The special drawing rights (SDRs) were up by USD 112 million at USD 18.852 billion, the apex bank said. Indias reserve position with the IMF was also up USD 26 million to USD 4.925 billion at the end of the reporting week, according to the apex banks data. First Published: Aug 31 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty September 2026 futures were down 51 points, indicating a negative opening for the Nifty 50 amid weak global cues. HDFC Bank will be in focus after managing director and CEO Sashidhar Jagdishan decided not to seek reappointment. He will step down at the close of business on 26 October 2026, when his current term ends. The lender informed the exchanges of his decision on Saturday. The bank's board has also decided to expedite the process of identifying and appointing his successor. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 5,039.80 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 5,183.93 crore in the Indian equity market on 28 August 2026, according to provisional data. FPIs bought shares worth Rs 18790.32 crore in August so far, through 28 August 2026. This follows net cash purchases of Rs 6,731.97 crore in July 2026, while they were net sellers of Rs 53,957.90 crore in June 2026. Global Markets: US stock futures were trading 156 lower on Monday, signalling a weak opening for Wall Street, while most Asian markets declined as investors assessed a more hawkish policy outlook from Federal Reserve Chair Kevin Warsh and renewed US-Iran tensions. Warsh said the Fed would have work to do if it was not confident that underlying inflation was returning to its 2% target, prompting markets to raise the probability of a September rate hike to around 57%. Asian technology stocks came under pressure as higher expected borrowing costs weighed on risk appetite. Oil prices rose after the US military struck Iranian missile launchers near the Strait of Hormuz. Brent crude climbed to around $89.30 a barrel, raising concerns over a renewed escalation and potential disruption to oil supplies through the key shipping route. China's manufacturing activity remained in contraction for a second consecutive month in August, although the pace of decline eased. The official manufacturing Purchasing Managers' Index rose to 49.8 from 49.2 in July, remaining below the 50 mark that separates expansion from contraction. The reading was also better than economists' expectations. US equities ended lower on Friday after Warsh's Jackson Hole speech revived concerns over tighter monetary policy. The S&P 500 fell 0.25% to 7,711.76, the Dow Jones Industrial Average slipped 0.02% to 53,559.99 and the Nasdaq Composite declined 0.52% to 26,402.42. The combination of higher rate expectations, elevated bond yields and renewed geopolitical tensions has increased pressure on global risk assets. Markets will now turn to upcoming US employment and inflation data for further clues on the Federal Reserve's policy path. Domestic Market: Key equity benchmarks rebounded on Friday, snapping a two-session losing streak, as a sharp rally in IT stocks helped offset weakness in select heavyweight banking and consumer-facing stocks. The rally in IT shares was supported partly by stronger global technology sentiment following upbeat Nvidia results. Pharma and metal stocks also gained, while FMCG and consumer durable stocks declined. Investor sentiment remained cautious ahead of Kevin Warsh's speech later today. Warsh is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for clues on the US central bank's monetary policy outlook. Firm crude oil prices also weighed on sentiment. The S&P BSE Sensex advanced 330.92 points, or 0.43%, to 77,264.51, while the Nifty 50 index gained 84.80 points, or 0.35%, to 24,175.65. Over the previous two sessions, the Sensex and Nifty had declined 0.93% and 1%, respectively. First Published: Aug 31 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 31 2026 | 8:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 31 2026 | 8:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 31 2026 | 8:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Breakout stocks: Jindal SAW, Electrosteel Castings, Adani Enterprises First Published: Aug 31 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KNR Constructions has received a letter of acceptance (LoA) worth Rs 157.55 crore from Greater Hyderabad Municipal Corporation (GHMC). Hyderabad-based KNR Constructions operates in the infrastructure sector, undertaking projects across highways, flyovers, bridges, irrigation, urban water management and urban development. The company's consolidated net profit tanked 58.6% to Rs 102.80 crore on a 12.4% decline in revenue from operations to Rs 743.20 crore in Q3 December 2025 over Q3 December 2024. Shares of KNR Constructions rose 1.47% to close at Rs 124.35 on the BSE. First Published: Aug 31 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices jumped more than $1 a barrel on Monday after the US attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as conflict in the Middle East extended into its sixth month. Brent crude futures climbed $1.08, or 1.23 per cent, to $89.18 a barrel as ?at 0040 GMT while US West Texas Intermediate crude was at $84.32, up 92 cents, or 1.10 per cent. US forces struck two launchers on Iran's Larak island in the Hormuz strait on Sunday, the first known American strikes on the Gulf nation since late July. In response, Iran attacked two US air bases in Jordan, Iranian media reported on Monday citing Iran's Revolutionary Guards. "Looks like we are in another escalation phase. How long that lasts is impossible to determine. Could be days, could be weeks," IG market analyst Tony Sycamore said. Technical charts showed that if the conflict escalated and pushed WTI above resistance ?at $85.80 to $85.90 a barrel, it would open the way for further gains, initially to last week's $87.69 high followed by July's $93.50 high, Sycamore said. Negotiations to end the conflict are at an impasse while mediators work to reopen the Strait of Hormuz, through which a fifth of the world's oil flowed before the war began at the end of February. Brent and WTI are set to post small declines in August after falling more than 4 per cent last week, in what was their first weekly decline in three. While the path to a deal to reopen the ?strait is elusive, increases in oil flows through the Hormuz strait kept concern over supply disruption in check, ANZ analysts said in a client note. The number of visible commodity vessels ?that sailed through the Strait of Hormuz over the weekend dropped to five a day, shipping ?data showed on Monday, reflecting caution among companies wary of attacks on ships. The United Kingdom Maritime Trade Operations reported on Sunday that a tanker was struck by a projectile ?while sailing inbound through the strait on Saturday. US President Donald Trump said on Sunday that oil from a recently struck deal with Venezuela will be used to replenish the US ?Strategic Petroleum Reserve which has dropped near its lowest level in 44 years. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 31 2026 | 8:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to open lower tracking negative global cues. First Published: Aug 31 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: HDFC Bank, RIL, IGL, Cipla, Oil India, Ather & more First Published: Aug 31 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Chart check: Angel One turns bullish on BEML, BSE in short term First Published: Aug 31 2026 | 7:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajaya Mohanty First Published: Aug 30 2026 | 11:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Harsha Upadhyaya, Chief Investment Officer – Equity, Kotak Mahindra Mutual Fund This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajaya Mohanty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sugar prices remained above Rs 60 per kg in most retail markets across the country on Sunday, despite several steps taken by the government to check the price rise, according to official data. The Consumer Affairs Ministry data showed that the all-India average retail price of sugar was Rs 64.24 per kg on Sunday, up 1.77 per cent from Rs 63.12 per kg a week earlier. The current price is 30 per cent higher than a month ago and 38.63 per cent higher than the same period last year. The maximum retail price recorded was Rs 74 per kg, while the minimum was Rs 40 per kg, as on August 30. City-wise, retail sugar was selling at Rs 62 per kg in Delhi, Rs 66 per kg in Mumbai, Rs 63 per kg in Chennai and Rs 68 per kg in Ranchi. Wholesale prices also stayed firm at Rs 59.73 per kg, up 31 per cent month-on-month and 38.63 per cent year-on-year. price was Rs 58.66 per kg a week ago. The elevated retail and wholesale prices come even as ex-mill rates have declined nearly 20 per cent following the government's decision to allow duty-free imports of 10 lakh tonnes of raw sugar. Industry sources point out that a Rs 2-3 per kg gap between ex-mill and wholesale prices, and a Rs 7-8 per kg gap between ex-mill and retail prices, is typical. Apart from opening up imports, the government has tightened stockholding norms for bulk users and dealers, and had earlier banned sugar exports. The Centre has blamed mills for "jacking up" prices, insisting the country holds ample sugar stocks. This is despite production for the 2025-26 marketing year (October-September) being pegged lower at 306 lakh tonnes, down from earlier estimates of 343 lakh tonnes. Annual domestic demand is estimated at around 280-285 lakh tonnes. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 9:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FIFA president Gianni Infantino and UEFA president Aleksander Ceferin (L-R) (PIC: Reuters) First Published: Aug 30 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture The government has notified the Legal Metrology (Indian Standard Time) Rules, 2026, mandating Indian Standard Time (IST) as the single reference for legal, administrative, commercial and other official purposes across the country. The nodal consumer affairs ministry notified the rules on August 27 but they will come into force 180 days after their publication in the official gazette, giving government departments, businesses, and institutions time to align their systems. The move comes amid growing reliance on digital and technology-based systems -- from banking and payments to telecommunications, railways, power grids and computer networks -- that depend on accurate and synchronised time stamps. The ministry said inconsistencies between different time sources currently in use could affect the coordination and recording of such activities, prompting the push for a uniform national time standard. The common time reference is expected to support accurate time-stamping of banking and digital payment transactions, coordination among railways, airports and other transport systems, reliable functioning of telecommunication and internet networks, precise time-keeping in power systems, upkeep of government and legal records, and coordination of emergency and other time-critical services, the ministry said in a statement. PUSH FOR INDIAN TIMING SOURCES A key feature of the rules is the emphasis on reducing dependence on foreign satellite-based time sources, which several critical systems currently rely on. The government is building infrastructure to disseminate accurate IST through Indian institutions and legal metrology laboratories. The rules also enable the use of NavIC, India's indigenous satellite navigation system, along with other approved Indian timing sources, for secure and reliable time dissemination. WHITE RABBIT TECHNOLOGY TRIAL As part of the 'One Nation, One Time' initiative, the ministry in July 2026 commissioned a White Rabbit Technology-based IST Dissemination Demonstration Network at the Regional Reference Standard Laboratory (RRSL) in Bengaluru. The pilot has shown how IST can be disseminated across sectors, such as banking, telecommunications, power, transportation, and digital governance. In a related demonstration, the ministry, in collaboration with CSIR-National Physical Laboratory, Isro, Sebi, the National Stock Exchange (NSE) and BSNL, showed secure transmission of IST between RRSL Bengaluru, and NSE Chennai. The ministry said the 180-day transition period would allow stakeholders to review existing systems, carry out necessary technical upgrades, and prepare for full implementation before the Rules take effect. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
After a bruising week that wiped out more than ?6,000 from gold prices, commodity markets are heading into September with traders bracing for another bout of volatility as US jobs data and geopolitical tensions take centrestage, analysts said. Investors will focus on manufacturing and services PMI data from major economies, including India. Inflation figures from Eurozone and Germany, and US non-farm payroll data due towards the end of the week will also be closely tracked, they added. "The coming week is likely to remain highly volatile, with market participants attempting to price in the probability of a September Federal Reserve policy change," Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said. Gold futures for October delivery on the Multi Commodity Exchange (MCX) tumbled ?6,157, or 3.8 per cent, last week to ?1.56 lakh per 10 grams, while silver futures for September contract plunged ?9,893, or 4 per cent, to ?2.36 lakh per kilogram. "MCX Gold witnessed a sharp correction last week, falling from around ?1.63 lakh to ?1.56 lakh per 10 grams, resulting in a decline of nearly over ?6,000 from the weekly peak and a negative weekly closing of more than 3 per cent," Trivedi said. Pranav Mer, Senior Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said selling pressure intensified on Friday following Federal Reserve Chair Kevin Warsh's speech, with his commentary on inflation and monetary policy triggering profit booking across bullion markets. In international markets, Comex gold futures for December delivery declined $150.7, or 3.2 per cent, to settle the week at $4,680.6 per ounce. Silver futures fell $2.56, or 3.64 per cent, to $67.78 per ounce. Going into the new month, markets will closely track US labour-market indicators, including non-farm payrolls, unemployment data, and ADP non-farm employment change, which could influence the Federal Reserve's decision-making ahead of its September meeting, Mer said. Geopolitical developments could add another layer of uncertainty. Traders will continue to monitor the US-Iran conflict, while developments around the Strait of Hormuz remain important for oil prices and inflation expectations. Despite the correction, silver outperformed gold in August, gaining around 21 per cent against yellow metal's 15.7 per cent, Gaurav Garg, Head of Research at Lemonn Markets Desk, said. Trivedi said, "The combination of dollar movement, labour-market data, Fed expectations and geopolitical headlines is likely to determine whether gold stabilises after the recent correction or enters another phase of profit booking. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 3:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
While private placements will continue to have a role, the shift towards public listings is expected to widen investor participation and deepen the market | Illustration: Ajaya Mohanty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
While private placements will continue to have a role, the shift towards public listings is expected to widen investor participation and deepen the market | Illustration: Ajaya Mohanty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
N S Venkatesh, Chief executive officer, Bharat Invits Association This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Motors Passenger Vehicles Ltd is gaining market share in the electric vehicle segment and has seen a three-fold increase in EV bookings over the last six months, even as production capacity is restricting its ability to fully capitalise on the strong demand, according to a senior company official. In an interview to PTI, Tata Passenger Electric Mobility Ltd, Chief Commercial Officer Vivek Srivatsa said, "If you see the last two three months, we are actually gaining market share every month. So it is the other way round, and in fact, in the last six months, the gap between us and the number two player has increased. And I would also publicly state that we had three 3x growth in bookings for EVs, and we are only restricted by our production capability". Tata Passenger Electric Mobility Ltd is a part of Tata Motors Passenger Vehicles Ltd Group. "I think consumers are increasingly confident of our products, and we have the widest product range, providing EVs to all kinds of different use cases," he said. The company is also expecting a strong festive season, with Srivatsa saying the current momentum could make September-December the industry's largest-ever quarter. "I think the trends are very positive. You know, if you look at quarter one, I think the industry had never before seen growth close to 46 per cent year-on-year. "EVs have grown even faster, 77 per cent year-on-year growth, and if I look at the months of July and August, the momentum seems to continue, and that means the festive season, indications are that it's going to be extremely positive, quite likely to be the largest quarter for the industry," he said. Srivatsa, however, acknowledged that the industry's year-on-year growth rate could moderate from the end of September as the base effect kicks in, even though absolute sales could remain strong. "In terms of percentage growth, we might taper off, but actual numbers would still be probably extremely high," he said. The demand momentum has persisted nearly a year after the government's GST 2.0 reforms came into effect on September 22, 2025. Under the revised GST structure, electric vehicles continue to attract 5 per cent GST, while on small cars it was reduced from 28 per cent to 18 per cent. The GST rate on larger cars was rationalised to 40 per cent without compensation cess. According to Srivatsa, the impact of GST rationalisation continues to support vehicle affordability, while new launches have expanded consumer choice. "Yeah, I think GST 2.0 impact is continuing even now, close to a year after it was launched. Consumers are still seeing benefit. Added to that, I think product launches have added a lot of options for consumers. That is what is going to power the festive season," he said. The strong outlook comes despite recent price increases announced by automakers, including Tata Passenger Electric Mobility. The company is set to raise prices in September, but Srivatsa said he did not expect the move to materially affect festive-season demand, while the impact beyond the festive period would need to be monitored. "I think price hikes have been fairly recent. We are taking a price hike in September. I would say that the price hike should not affect the festive season, but longer term, what happens after festive season is something we'll have to watch out for," he said. Srivatsa also attributed the broader demand momentum to factors beyond GST, including a growing consumer preference for alternative-fuel vehicles following the West Asia crisis and changing mobility preferences among Indian consumers. "GST has made cars more accessible and also increased EV adoption or alternate fuel adoption, especially after the West Asia crisis is also pushing customers to look at alternate fuel options. On the softer side, if you see behaviourally, I think Indian consumers are more and more aligned towards on-road travel with their families," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 1:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 30 2026 | 1:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 1:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign credentials and lack of Canadian experience contribute to skills mismatch, but employers can improve retention by offering greater autonomy Canada actively recruits highly educated and skilled immigrants through programs, yet many of these immigrants struggle to find work matching their skills and experience. Nearly one in three immigrants with a post-secondary education report that they are overqualified for their jobs. Statistics Canada data from 2024 and 2025 puts the figure at 33 per cent, compared with 19 per cent among Canadian-born workers. Much of the discourse around this issue has focused, understandably, on why skilled immigrants end up in jobs below their qualifications. Their foreign credentials, skills and experience are often undervalued, particularly when they come from non-OECD countries, while employers tend to favour candidates with Canadian experience. These are critical issues, and efforts to address them must continue. But less attention has been paid to why this mismatch is not only a problem for employees, but also for employers, and what employers can do when an overqualified immigrant is already on the job. We are researchers in social psychology and international business who study migration, immigrant adaptation and economic mobility, as well as how organizations can better recognize and use the strengths of multicultural employees. For immigrants, being overqualified can affect well-being, job satisfaction and their sense of progress in their new country. A four-year study of new immigrants in Canada found that those who were overqualified for their jobs were more likely to report declining mental health. Much of this relationship was associated with job dissatisfaction and with a sense that their position in Canada fell short of the professional status they had before migrating. These effects may be particularly pronounced among immigrants who are strongly invested in integrating into and belonging to their new society. Research in Germany found that immigrants who strongly identified with their host country experienced the sharpest drops in job satisfaction when they felt overqualified. For these workers, the mismatch may feel like a form of rejection or devaluation within their new society. The consequences can also extend to employers. Research on overqualified employees suggests their frustration with their jobs can reduce their willingness to go beyond their basic duties to help colleagues or contribute to the organization as a whole. This might include mentoring colleagues, volunteering for extra projects or suggesting ways to improve the organization. There is also the risk of losing the employee altogether. Another study of overqualified employees found workers who felt highly overqualified were about four times more likely to leave their jobs. For employers, an unaddressed skills mismatch can therefore become a retention problem, bringing higher recruitment and retraining costs. The problem can be difficult to spot because overqualification does not necessarily hurt performance. Employees may still be highly competent even when they are dissatisfied and considering leaving. Research suggests overqualification can create both a sense of task mastery and a sense of relative deprivation at the same time. The work may feel easy because employees have more skills than their jobs require, supporting strong performance. At the same time, they may feel frustrated that their qualifications and experience are not being fully used. This can lead to dissatisfaction, even when their performance remains strong. Research suggests that employers can soften some of the negative effects of overqualification, such as lower job satisfaction and intentions to leave, by giving overqualified employees greater autonomy, opportunities to use their skills and a realistic path for advancement. One study found that overqualified employees with little control over their work were more likely to withdraw or consider leaving. Greater autonomy gave them room to engage in “job crafting” — adjusting aspects of their work to make better use of their skills and take on more meaningful or challenging tasks. It is also important for them to see a future path to advancement. A 2026 study found that overqualified employees responded more positively when they saw suitable opportunities for career advancement within their organization. Managers cannot fix the broader systemic causes of immigrant overqualification like credential recognition, licensing requirements and wider labour-market barriers. But they can influence what happens once an overqualified immigrant is on the job. Managing that mismatch well can help employers retain skilled workers while giving employees a greater opportunity to use the expertise they brought with them. First Published: Aug 30 2026 | 1:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SBI currently holds a 3.23 per cent stake in the NSE, while SBI Capital Markets owns 4.33 per cent in the country's largest stock exchange State Bank of India (SBI) and its subsidiary SBI Capital Markets Ltd together plan to dilute up to 1 per cent stake in the National Stock Exchange (NSE) through the exchange's proposed ?30,000-crore initial public offering (IPO). The bank is participating in the NSE IPO and will dilute a 0.65 per cent stake in the exchange, SBI Chairman C S Setty told PTI in an interview. "We are participating in that divestment. We propose to divest 0.65 per cent and 0.35 per cent by SBI Capital Markets because both of us hold the stake. So together, about 1 per cent as a SBI group... it could be less depending on any other shareholders joining," he said. SBI currently holds a 3.23 per cent stake in the NSE, while SBI Capital Markets owns 4.33 per cent in the country's largest stock exchange. He clarified that there is no the monetisation plan for other subsidiaries in the immediate future. Last month, SBI, along with its foreign partner Paris-headquartered Amundi, diluted around 10 per cent stake in SBI Mutual Fund. The ?9,800-crore public offer by the country's biggest fund house was a huge success as the issue was subscribed 42 times. Post-listing, SBI's holding declined to 55.46 per cent from 61.76 per cent, while Amundi's stake reduced to 32.56 per cent, down 3.7 per cent. Highlighting the leadership position of SBI in the housing finance segment, Setty said the mortgage portfolio is set to cross an important milestone of ?10 trillion in the current quarter on the back of robust demand. The country's largest lender had surpassed ? 9 trillion home loan portfolio during the last financial year. "We should be reaching the ?10 trillion-mark, hopefully in this quarter itself," he said. SBI has a market share of nearly 28 per cent in the home loan segment, he said, adding that the bank has focused on making home loans accessible across the country. The lender has more than 460 home loan processing centres across India, increasing accessibility of its housing finance products. Setty said transparency in pricing and customer trust in the bank's processes, including documentation and due diligence of builders, are among the key factors driving customers to the lender for home loans. "People trust SBI the most when it comes to taking a home loan... that paperwork is properly done, including the due diligence on the builder," he said. He also emphasised that home loans should not be viewed merely as a standalone banking product, given their wider contribution to economic activity and multiplier effect on many allied industries. "Home loan as a segment is very important for the economy," he said, noting that more than 200 industries depend on commercial and residential real estate. "In a way, home loan should not be seen as a standalone product. It is to be seen as an integral part of India's economic growth," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 12:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Trading sentiment in the stock market this week will be largely guided by the domestic GDP data announcement, crude oil prices, and the US non-farm payrolls report, analysts said. Besides, macroeconomic data announcements, auto sales numbers and trading activity of foreign investors would also guide movement in the market going ahead, they added. "The coming week is expected to remain highly eventful, with domestic GDP data and global economic releases likely to determine market direction. India's Q1 FY27 GDP data will be released on August 31. Investors will also monitor India's August manufacturing and services PMI readings, GST collections, foreign exchange reserves and movement in the rupee," Ajit Mishra SVP, Research, Religare Broking Ltd, said. US employment data will remain the most important trigger, with the August non-farm payrolls report scheduled for September 4, he said. "The outcome could significantly influence expectations regarding the Federal Reserve's September policy decision, the US dollar, Treasury yields and emerging-market fund flows," Mishra added. Foreign portfolio investors (FPIs) infused ?30,919 crore in Indian equities in August, extending their buying streak to a second straight month. "On the domestic front, first-quarter GDP data will be important factor for broader risk sentiment, offering greater clarity on the pace of domestic growth against the backdrop of elevated energy prices and an unresolved Middle East conflict that has disrupted global supply lines and contributed to higher commodity prices," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. US monetary policy is now the dominant global catalyst following Fed Chair Kevin Warsh's hawkish remarks at Jackson Hole, he added. "Markets will look ahead to the August jobs report, due September 4, along with the next inflation reading, as key data points in determining whether the recently increased expectations of a September rate hike hold or ease," Ponmudi said. Last week, the BSE benchmark Sensex declined 276.32 points, or 0.35 per cent, and the NSE Nifty dipped 76.35 points, or 0.31 per cent. "India's first-quarter GDP data on Monday will offer insights into the domestic growth trajectory, while Friday's US non-farm payrolls report is expected to influence global market sentiment as investors reassess expectations for the Federal Reserve's September policy decision following Kevin Warsh's hawkish Jackson Hole address," Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a Research Analyst firm, said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 12:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Insolvency Appellate Tribunal NCLAT has affirmed the "clean slate principle" under the Insolvency and Bankruptcy Code (IBC), which bars any attempt to reestablish pre-resolution shareholders' rights, and rejected the claims of a shareholder of Sintex Industries. A two-member NCLAT bench dismissed the appeal by a Kerala-based investor seeking around ?110 crore in compensation for 1,35,000 equity shares of Sintex Industries Ltd (SIL) that were extinguished under the company's insolvency resolution plan. The appellate tribunal ruled that shareholders, whose equity was extinguished under the company's insolvency resolution plan, cannot revive their rights through proceedings under the Companies Act after the bids have been approved and the resolution plan has attained finality with a new ownership. The National Company Law Appellate Tribunal (NCLAT) said Section 238 of the Insolvency & Bankruptcy Code (IBC) gives it primacy over all other laws, including the Companies Act, 2013, so that no company-law remedy can be deployed to unsettle a concluded insolvency resolution. Moreover, section 32A of the IBC "reinforces the clean-slate principle" by providing that the "liabilities of SIL for the pre-resolution period cease upon approval" and implementation of the plan and the resultant change in management and control of the company. "Any attempt to resurrect pre-resolution shareholders' rights through company law remedies is impermissible," said the NCLAT bench comprising Justice Mohammad Faiz Alam Khan and Naresh Salecha. Sintex Industries was acquired by Reliance Industries Ltd (RIL), in a joint consortium with Assets Care & Reconstruction Enterprise (ACRE), for ?3,567 crore in March 2023. The consortium completed the acquisition after the National Company Law Tribunal (NCLT), Ahmedabad, approved the Resolution Plan on February 10, 2023. After this, Sintex Industries' entire equity share capital was cancelled without consideration as part of a capital reduction under the resolution plan and was subsequently delisted from the stock exchanges. Under the plan, the entire pre-existing equity share capital of SIL was cancelled without any payment to shareholders as the liquidation value available to them was assessed at nil. Titus Babu, who had purchased 1.35 lakh shares of SIL between October 2017 and January 2023, approached the NCLT under Section 59 of the Companies Act, seeking rectification of the Register of Members, along with compensation of about ?82.3 crore, 10 per cent annual interest, fresh equity shares in lieu of his cancelled holding, and damages for mental suffering, cumulatively over ?110 crore. Babu contended that he continued to hold rights as a "member" of SIL, distinct from those of an ordinary shareholder, and that only promoter-group shareholders had been assigned nil liquidation value under the resolution plan. However, the NCLT, on March 6, 2026, dismissed his plea, following which he filed an appeal before the appellate insolvency tribunal, NCLAT. Upholding the NCLT order, the appellate tribunal held that "member" and "shareholder" are legally synonymous under Section 2(55) of the Companies Act for a company limited by shares, and no independent membership right survives once the underlying shareholding is extinguished under an approved resolution plan. It also held that Section 59 of the Companies Act is a narrow, rectificatory provision that cannot be used to claim compensation, interest, fresh share issuance or damages, and that such reliefs were in any case barred by the binding and overriding effect of the resolution plan under Sections 31 and 238 of the Code. Relying on Supreme Court judgments in Essar Steel and Ghanashyam Mishra cases, the appellate tribunal said a resolution plan, once approved, cannot be reopened and claims not provided for in the plan stand extinguished to enable the successful resolution applicant to take over the corporate debtor on a "clean slate". The tribunal also rejected allegations of violation of natural justice, noting that the appellant was represented by counsel and had been given adequate opportunity to present his case before the NCLT. "We hold that the Tribunal correctly held that the Appellant has no surviving membership or enforceable right in SIL independent of his extinguished pre-CIRP shareholding," the NCLAT said in a 25-page-long order. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 11:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The continuation of foreign buying in August was supported by improving domestic fundamentals as well as a relatively favourable global backdrop | Illustration: Ajaya Mohanty Foreign portfolio investors (FPIs) infused ?30,919 crore in Indian equities in August, extending their buying streak to a second straight month, amid improving corporate earnings, resilient economic activity, stable rupee and easing geopolitical concerns. The inflow follows ?20,200 crore invested in July, marking a sharp turnaround after four consecutive months of heavy selling. FPIs had withdrawn Rs 49,340 crore in June, ?32,963 crore in May, ?60,847 crore in April and a massive ?1.17 trillion in March. Prior to the selling streak, they had invested ?22,615 crore in February, according to CDSL data. The two straight months of buying, following the worst six-month stretch in years, offer the first indication of a possible trend reversal. However, foreign investors remain net sellers in Indian equities in 2026, with withdrawals of ?2.23 trillion so far. This is higher than the ?1.66 trillion outflow recorded during the entire 2025. "The important factors driving the FPI flows into India are the reversal of the chip trade, the stability in the rupee and, more importantly, the improving earnings growth in India," V K Vijayakumar, Chief Investment Strategist, Geojit Investments, said. The continuation of foreign buying in August was supported by improving domestic fundamentals as well as a relatively favourable global backdrop. Global factors also turned relatively supportive during parts of the month. Easing geopolitical concerns aided risk sentiment, while expectations of softer US interest rates and a rotation of global capital away from the crowded AI and semiconductor trade in markets such as Korea and Taiwan created room for incremental allocations towards India, he added. However, tensions in West Asia and uncertainty over crude oil prices continued to remain an overhang. "Cash flows suggest returning conviction; futures suggest lingering caution. The trend may be turning, post AI and war-related worries receding," Manish Bhandari, CEO and Portfolio Manager, Vallum Capital, said. Going ahead, investors will closely monitor movements in Brent crude prices and developments surrounding US-Iran tensions. Escalating US-Canada trade tensions could further add to market uncertainty and keep investors cautious, Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking, said. Elevated US bond yields also remain a key concern, with markets awaiting upcoming inflation data ahead of the Federal Reserve's policy meeting in mid-September. On the domestic front, Q1 GDP growth and inflation data will remain key indicators to watch for institutional flows, he added. Foreign investor interest also extended to the debt market. They invested ? 627 crore through the Fully Accessible Route (FAR) and ?289 crore through the Voluntary Retention Route (VRR). However, they pulled out ?2,318 crore through the general route. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The continuation of foreign buying in August was supported by improving domestic fundamentals as well as a relatively favourable global backdrop | Illustration: Ajaya Mohanty Foreign portfolio investors (FPIs) infused ?30,919 crore in Indian equities in August, extending their buying streak to a second straight month, amid improving corporate earnings, resilient economic activity, stable rupee and easing geopolitical concerns. The inflow follows ?20,200 crore invested in July, marking a sharp turnaround after four consecutive months of heavy selling. FPIs had withdrawn Rs 49,340 crore in June, ?32,963 crore in May, ?60,847 crore in April and a massive ?1.17 trillion in March. Prior to the selling streak, they had invested ?22,615 crore in February, according to CDSL data. The two straight months of buying, following the worst six-month stretch in years, offer the first indication of a possible trend reversal. However, foreign investors remain net sellers in Indian equities in 2026, with withdrawals of ?2.23 trillion so far. This is higher than the ?1.66 trillion outflow recorded during the entire 2025. "The important factors driving the FPI flows into India are the reversal of the chip trade, the stability in the rupee and, more importantly, the improving earnings growth in India," V K Vijayakumar, Chief Investment Strategist, Geojit Investments, said. The continuation of foreign buying in August was supported by improving domestic fundamentals as well as a relatively favourable global backdrop. Global factors also turned relatively supportive during parts of the month. Easing geopolitical concerns aided risk sentiment, while expectations of softer US interest rates and a rotation of global capital away from the crowded AI and semiconductor trade in markets such as Korea and Taiwan created room for incremental allocations towards India, he added. However, tensions in West Asia and uncertainty over crude oil prices continued to remain an overhang. "Cash flows suggest returning conviction; futures suggest lingering caution. The trend may be turning, post AI and war-related worries receding," Manish Bhandari, CEO and Portfolio Manager, Vallum Capital, said. Going ahead, investors will closely monitor movements in Brent crude prices and developments surrounding US-Iran tensions. Escalating US-Canada trade tensions could further add to market uncertainty and keep investors cautious, Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking, said. Elevated US bond yields also remain a key concern, with markets awaiting upcoming inflation data ahead of the Federal Reserve's policy meeting in mid-September. On the domestic front, Q1 GDP growth and inflation data will remain key indicators to watch for institutional flows, he added. Foreign investor interest also extended to the debt market. They invested ? 627 crore through the Fully Accessible Route (FAR) and ?289 crore through the Voluntary Retention Route (VRR). However, they pulled out ?2,318 crore through the general route. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The continuation of foreign buying in August was supported by improving domestic fundamentals as well as a relatively favourable global backdrop | Illustration: Ajaya Mohanty Foreign portfolio investors (FPIs) infused ?30,919 crore in Indian equities in August, extending their buying streak to a second straight month, amid improving corporate earnings, resilient economic activity, stable rupee and easing geopolitical concerns. The inflow follows ?20,200 crore invested in July, marking a sharp turnaround after four consecutive months of heavy selling. FPIs had withdrawn Rs 49,340 crore in June, ?32,963 crore in May, ?60,847 crore in April and a massive ?1.17 trillion in March. Prior to the selling streak, they had invested ?22,615 crore in February, according to CDSL data. The two straight months of buying, following the worst six-month stretch in years, offer the first indication of a possible trend reversal. However, foreign investors remain net sellers in Indian equities in 2026, with withdrawals of ?2.23 trillion so far. This is higher than the ?1.66 trillion outflow recorded during the entire 2025. "The important factors driving the FPI flows into India are the reversal of the chip trade, the stability in the rupee and, more importantly, the improving earnings growth in India," V K Vijayakumar, Chief Investment Strategist, Geojit Investments, said. The continuation of foreign buying in August was supported by improving domestic fundamentals as well as a relatively favourable global backdrop. Global factors also turned relatively supportive during parts of the month. Easing geopolitical concerns aided risk sentiment, while expectations of softer US interest rates and a rotation of global capital away from the crowded AI and semiconductor trade in markets such as Korea and Taiwan created room for incremental allocations towards India, he added. However, tensions in West Asia and uncertainty over crude oil prices continued to remain an overhang. "Cash flows suggest returning conviction; futures suggest lingering caution. The trend may be turning, post AI and war-related worries receding," Manish Bhandari, CEO and Portfolio Manager, Vallum Capital, said. Going ahead, investors will closely monitor movements in Brent crude prices and developments surrounding US-Iran tensions. Escalating US-Canada trade tensions could further add to market uncertainty and keep investors cautious, Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking, said. Elevated US bond yields also remain a key concern, with markets awaiting upcoming inflation data ahead of the Federal Reserve's policy meeting in mid-September. On the domestic front, Q1 GDP growth and inflation data will remain key indicators to watch for institutional flows, he added. Foreign investor interest also extended to the debt market. They invested ? 627 crore through the Fully Accessible Route (FAR) and ?289 crore through the Voluntary Retention Route (VRR). However, they pulled out ?2,318 crore through the general route. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The continuation of foreign buying in August was supported by improving domestic fundamentals as well as a relatively favourable global backdrop | Illustration: Ajaya Mohanty Foreign portfolio investors (FPIs) infused ?30,919 crore in Indian equities in August, extending their buying streak to a second straight month, amid improving corporate earnings, resilient economic activity, stable rupee and easing geopolitical concerns. The inflow follows ?20,200 crore invested in July, marking a sharp turnaround after four consecutive months of heavy selling. FPIs had withdrawn Rs 49,340 crore in June, ?32,963 crore in May, ?60,847 crore in April and a massive ?1.17 trillion in March. Prior to the selling streak, they had invested ?22,615 crore in February, according to CDSL data. The two straight months of buying, following the worst six-month stretch in years, offer the first indication of a possible trend reversal. However, foreign investors remain net sellers in Indian equities in 2026, with withdrawals of ?2.23 trillion so far. This is higher than the ?1.66 trillion outflow recorded during the entire 2025. "The important factors driving the FPI flows into India are the reversal of the chip trade, the stability in the rupee and, more importantly, the improving earnings growth in India," V K Vijayakumar, Chief Investment Strategist, Geojit Investments, said. The continuation of foreign buying in August was supported by improving domestic fundamentals as well as a relatively favourable global backdrop. Global factors also turned relatively supportive during parts of the month. Easing geopolitical concerns aided risk sentiment, while expectations of softer US interest rates and a rotation of global capital away from the crowded AI and semiconductor trade in markets such as Korea and Taiwan created room for incremental allocations towards India, he added. However, tensions in West Asia and uncertainty over crude oil prices continued to remain an overhang. "Cash flows suggest returning conviction; futures suggest lingering caution. The trend may be turning, post AI and war-related worries receding," Manish Bhandari, CEO and Portfolio Manager, Vallum Capital, said. Going ahead, investors will closely monitor movements in Brent crude prices and developments surrounding US-Iran tensions. Escalating US-Canada trade tensions could further add to market uncertainty and keep investors cautious, Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking, said. Elevated US bond yields also remain a key concern, with markets awaiting upcoming inflation data ahead of the Federal Reserve's policy meeting in mid-September. On the domestic front, Q1 GDP growth and inflation data will remain key indicators to watch for institutional flows, he added. Foreign investor interest also extended to the debt market. They invested ? 627 crore through the Fully Accessible Route (FAR) and ?289 crore through the Voluntary Retention Route (VRR). However, they pulled out ?2,318 crore through the general route. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The continuation of foreign buying in August was supported by improving domestic fundamentals as well as a relatively favourable global backdrop | Illustration: Ajaya Mohanty Foreign portfolio investors (FPIs) infused ?30,919 crore in Indian equities in August, extending their buying streak to a second straight month, amid improving corporate earnings, resilient economic activity, stable rupee and easing geopolitical concerns. The inflow follows ?20,200 crore invested in July, marking a sharp turnaround after four consecutive months of heavy selling. FPIs had withdrawn Rs 49,340 crore in June, ?32,963 crore in May, ?60,847 crore in April and a massive ?1.17 trillion in March. Prior to the selling streak, they had invested ?22,615 crore in February, according to CDSL data. The two straight months of buying, following the worst six-month stretch in years, offer the first indication of a possible trend reversal. However, foreign investors remain net sellers in Indian equities in 2026, with withdrawals of ?2.23 trillion so far. This is higher than the ?1.66 trillion outflow recorded during the entire 2025. "The important factors driving the FPI flows into India are the reversal of the chip trade, the stability in the rupee and, more importantly, the improving earnings growth in India," V K Vijayakumar, Chief Investment Strategist, Geojit Investments, said. The continuation of foreign buying in August was supported by improving domestic fundamentals as well as a relatively favourable global backdrop. Global factors also turned relatively supportive during parts of the month. Easing geopolitical concerns aided risk sentiment, while expectations of softer US interest rates and a rotation of global capital away from the crowded AI and semiconductor trade in markets such as Korea and Taiwan created room for incremental allocations towards India, he added. However, tensions in West Asia and uncertainty over crude oil prices continued to remain an overhang. "Cash flows suggest returning conviction; futures suggest lingering caution. The trend may be turning, post AI and war-related worries receding," Manish Bhandari, CEO and Portfolio Manager, Vallum Capital, said. Going ahead, investors will closely monitor movements in Brent crude prices and developments surrounding US-Iran tensions. Escalating US-Canada trade tensions could further add to market uncertainty and keep investors cautious, Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking, said. Elevated US bond yields also remain a key concern, with markets awaiting upcoming inflation data ahead of the Federal Reserve's policy meeting in mid-September. On the domestic front, Q1 GDP growth and inflation data will remain key indicators to watch for institutional flows, he added. Foreign investor interest also extended to the debt market. They invested ? 627 crore through the Fully Accessible Route (FAR) and ?289 crore through the Voluntary Retention Route (VRR). However, they pulled out ?2,318 crore through the general route. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The valuation of Bharti Airtel tumbled ?40,500.85 crore to ?11,74,462.30 crore The combined market valuation of seven of the top-10 most-valued firms eroded by ?1.13 trillion last week, with Bharti Airtel and Reliance Industries emerging as the biggest laggards, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 276.32 points, or 0.35 per cent, and the NSE Nifty dipped 76.35 points, or 0.31 per cent. "Indian equity markets ended the week on a cautious note, extending their recent corrective phase as concerns over global interest rates, geopolitical uncertainty and volatility surrounding the new closing auction session weighed on investor sentiment," Ajit Mishra -- SVP, Research, Religare Broking Ltd, said. Although markets recovered sharply on Friday, supported by strong buying in IT stocks following upbeat global technology cues, the benchmark indices remained under pressure for the third consecutive week, he added. While Reliance Industries, Bharti Airtel, HDFC Bank, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC), and Hindustan Unilever faced erosion from their market valuation, ICICI Bank, State Bank of India, and Tata Consultancy Services (TCS) were the winners. The valuation of Bharti Airtel tumbled ?40,500.85 crore to ?11,74,462.30 crore. Reliance Industries' valuation eroded ?40,056.32 crore to reach ?17,38,119.27 crore. The market valuation of HDFC Bank dropped ?11,558.35 crore to ?11,09,600.70 crore and that of Bajaj Finance fell ?10,086.05 crore to ?6,70,535.57 crore. Larsen & Toubro's market capitalisation (mcap) declined ?6,473.45 crore to ?5,55,987.49 crore and that of LIC dipped ?3,162.5 crore to ?5,32,817.81 crore. The mcap of Hindustan Unilever edged lower by ?1,550.73 crore to ?4,72,361.83 crore. However, the mcap of TCS jumped ?16,643.2 crore to ?8,48,079.71 crore. The valuation of ICICI Bank climbed ?4,475.28 crore to ?10,22,805.73 crore and that of State Bank of India went up ?599.99 crore to ?9,65,568.75 crore. Reliance Industries remained the most-valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 11:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The valuation of Bharti Airtel tumbled ?40,500.85 crore to ?11,74,462.30 crore The combined market valuation of seven of the top-10 most-valued firms eroded by ?1.13 trillion last week, with Bharti Airtel and Reliance Industries emerging as the biggest laggards, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 276.32 points, or 0.35 per cent, and the NSE Nifty dipped 76.35 points, or 0.31 per cent. "Indian equity markets ended the week on a cautious note, extending their recent corrective phase as concerns over global interest rates, geopolitical uncertainty and volatility surrounding the new closing auction session weighed on investor sentiment," Ajit Mishra -- SVP, Research, Religare Broking Ltd, said. Although markets recovered sharply on Friday, supported by strong buying in IT stocks following upbeat global technology cues, the benchmark indices remained under pressure for the third consecutive week, he added. While Reliance Industries, Bharti Airtel, HDFC Bank, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC), and Hindustan Unilever faced erosion from their market valuation, ICICI Bank, State Bank of India, and Tata Consultancy Services (TCS) were the winners. The valuation of Bharti Airtel tumbled ?40,500.85 crore to ?11,74,462.30 crore. Reliance Industries' valuation eroded ?40,056.32 crore to reach ?17,38,119.27 crore. The market valuation of HDFC Bank dropped ?11,558.35 crore to ?11,09,600.70 crore and that of Bajaj Finance fell ?10,086.05 crore to ?6,70,535.57 crore. Larsen & Toubro's market capitalisation (mcap) declined ?6,473.45 crore to ?5,55,987.49 crore and that of LIC dipped ?3,162.5 crore to ?5,32,817.81 crore. The mcap of Hindustan Unilever edged lower by ?1,550.73 crore to ?4,72,361.83 crore. However, the mcap of TCS jumped ?16,643.2 crore to ?8,48,079.71 crore. The valuation of ICICI Bank climbed ?4,475.28 crore to ?10,22,805.73 crore and that of State Bank of India went up ?599.99 crore to ?9,65,568.75 crore. Reliance Industries remained the most-valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 11:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The valuation of Bharti Airtel tumbled ?40,500.85 crore to ?11,74,462.30 crore The combined market valuation of seven of the top-10 most-valued firms eroded by ?1.13 trillion last week, with Bharti Airtel and Reliance Industries emerging as the biggest laggards, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 276.32 points, or 0.35 per cent, and the NSE Nifty dipped 76.35 points, or 0.31 per cent. "Indian equity markets ended the week on a cautious note, extending their recent corrective phase as concerns over global interest rates, geopolitical uncertainty and volatility surrounding the new closing auction session weighed on investor sentiment," Ajit Mishra -- SVP, Research, Religare Broking Ltd, said. Although markets recovered sharply on Friday, supported by strong buying in IT stocks following upbeat global technology cues, the benchmark indices remained under pressure for the third consecutive week, he added. While Reliance Industries, Bharti Airtel, HDFC Bank, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC), and Hindustan Unilever faced erosion from their market valuation, ICICI Bank, State Bank of India, and Tata Consultancy Services (TCS) were the winners. The valuation of Bharti Airtel tumbled ?40,500.85 crore to ?11,74,462.30 crore. Reliance Industries' valuation eroded ?40,056.32 crore to reach ?17,38,119.27 crore. The market valuation of HDFC Bank dropped ?11,558.35 crore to ?11,09,600.70 crore and that of Bajaj Finance fell ?10,086.05 crore to ?6,70,535.57 crore. Larsen & Toubro's market capitalisation (mcap) declined ?6,473.45 crore to ?5,55,987.49 crore and that of LIC dipped ?3,162.5 crore to ?5,32,817.81 crore. The mcap of Hindustan Unilever edged lower by ?1,550.73 crore to ?4,72,361.83 crore. However, the mcap of TCS jumped ?16,643.2 crore to ?8,48,079.71 crore. The valuation of ICICI Bank climbed ?4,475.28 crore to ?10,22,805.73 crore and that of State Bank of India went up ?599.99 crore to ?9,65,568.75 crore. Reliance Industries remained the most-valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 11:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The valuation of Bharti Airtel tumbled ?40,500.85 crore to ?11,74,462.30 crore The combined market valuation of seven of the top-10 most-valued firms eroded by ?1.13 trillion last week, with Bharti Airtel and Reliance Industries emerging as the biggest laggards, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 276.32 points, or 0.35 per cent, and the NSE Nifty dipped 76.35 points, or 0.31 per cent. "Indian equity markets ended the week on a cautious note, extending their recent corrective phase as concerns over global interest rates, geopolitical uncertainty and volatility surrounding the new closing auction session weighed on investor sentiment," Ajit Mishra -- SVP, Research, Religare Broking Ltd, said. Although markets recovered sharply on Friday, supported by strong buying in IT stocks following upbeat global technology cues, the benchmark indices remained under pressure for the third consecutive week, he added. While Reliance Industries, Bharti Airtel, HDFC Bank, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC), and Hindustan Unilever faced erosion from their market valuation, ICICI Bank, State Bank of India, and Tata Consultancy Services (TCS) were the winners. The valuation of Bharti Airtel tumbled ?40,500.85 crore to ?11,74,462.30 crore. Reliance Industries' valuation eroded ?40,056.32 crore to reach ?17,38,119.27 crore. The market valuation of HDFC Bank dropped ?11,558.35 crore to ?11,09,600.70 crore and that of Bajaj Finance fell ?10,086.05 crore to ?6,70,535.57 crore. Larsen & Toubro's market capitalisation (mcap) declined ?6,473.45 crore to ?5,55,987.49 crore and that of LIC dipped ?3,162.5 crore to ?5,32,817.81 crore. The mcap of Hindustan Unilever edged lower by ?1,550.73 crore to ?4,72,361.83 crore. However, the mcap of TCS jumped ?16,643.2 crore to ?8,48,079.71 crore. The valuation of ICICI Bank climbed ?4,475.28 crore to ?10,22,805.73 crore and that of State Bank of India went up ?599.99 crore to ?9,65,568.75 crore. Reliance Industries remained the most-valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 11:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For this, the company is increasing coin blank making capacity to 12,000 tonne from the current 10,000 tonne Jindal Stainless is enhancing its annual capacity of coin blanks by 20 per cent to 12,000 tonnes as the company anticipates growth in demand for non-paper based currency across various geographies, a senior company official said. "Many would not know that we manufacture coins blanks for Indian Mint as well as various international mints," Vijay Bindlish, the Unit Head of Jindal Stainless Hisar facility said in a joint management interaction. Coin blanks are produced at the country's largest stainless steel maker's Special Products Division (SPD) in Hisar under high security arrangements, along with other high-end finished products such as razor blades and precision strips, the official told PTI. Sharing details of the business, Bindlish said the company supplies unstamped coins to Indian, French, Finnish, Polish, Dutch, UK's Royal Mint, Malaysian and Slovak mints. Production is customised according to exact specifications provided by the mints, including size, diameter, thickness, shape, and alloy composition. On growth plans for this business, Bindlish said, "We are aiming for more such orders from across the world as we see demand rising due to the lower carbon footprint aspect of stainless steel manufacturing. We are expecting work orders of the denominations which we are not manufacturing for them currently. Being a major player in this field, we are also looking to enter new markets." For this, the company is increasing coin blank making capacity to 12,000 tonne from the current 10,000 tonne, he said. Saurabh Kumar, head of the SPD, added that the division dominates the global market with a 60-70 per cent share, producing 19,500 tonnes of razor blades annually after a recent increase from 13,200 tonnes. These blades are supplied to countries such as India, Poland, Vietnam, China, and South Korea, and the company intends to maintain its market leadership. The 0.8 million tonne (MT) Hisar facility of Jindal Stainless is one of the oldest industrial setups in Haryana, which started carbon steel production in 1970 and shifted to stainless steel making in 1978 to curb import dependence. Sushil Jain, head of the cold rolling division, explained that the facility operates a zero liquid discharge system where processed water and acids are recovered, treated, and reused internally with zero industrial effluent. Furthermore, the plant is increasing its green energy usage to 80 per cent this year, up from 70 per cent, supported by two captive hydrogen projects and a floating solar project, he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 30 2026 | 11:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 30 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 30 2026 | 7:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Chemicals Ltd on Saturday said its wholly-owned US subsidiary, Tata Chemicals North America, has acquired North American soda ash customer contracts worth more than 5,00,000 metric tonnes for supply from September 2026 through December 2028. Tata Chemicals North America Inc (TCNA) entered into an Assignment and Assumption Agreement (ASA) with Searles Valley Minerals Inc (SVM) USA to acquire certain soda ash customer contracts and related commercial rights, Tata Chemicals Ltd (TCL) said in a statement. TCNA has been declared the successful bidder in the Chapter 11 bankruptcy proceedings of SVM USA. The transaction has been approved by the United States Bankruptcy Court for the District of Delaware with a cash consideration of $ 21.16 million and remains subject to customary closing conditions under the ASA. These contracts are expected to generate revenues of more than $ 110 million over the contract period. "This acquisition represents a strategic opportunity to strengthen our presence in the North American soda ash market and expand our customer base. The acquired contracts secure over 5,00,000 metric tonnes of demand and are expected to generate revenues exceeding $ 110 million through December 2028," TCL CEO and Managing Director R Mukundan said. This transaction enhances the company's portfolio of long-term customer relationships, improves demand visibility, and reinforces its commitment to delivering reliable supply and superior service, he added. "It is aligned with our strategy of driving profitable growth and creating sustainable value for all stakeholders," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 29 2026 | 8:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Consequent to the completion of the acquisition, target company has become a wholly-owned subsidiary of the Company. The acquisition is strategic in nature as the target company holds government-allotted leasehold land intended to be utilized for the company's proposed greenfield manufacturing project. First Published: Aug 29 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 29 2026 | 6:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In State of Tamil Nadu First Published: Aug 29 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 29 August 2026 First Published: Aug 29 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 29 August 2026 First Published: Aug 29 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Demand for office space to set up global capability centres (GCCs) in India is driven by foreign banking, financial services and insurance firms, as their gross leasing touched a record 7.32 million sq ft in the January-June period, according to Knight Frank. Interestingly, leasing by foreign IT-ITeS companies to set up GCCs fell 28 per cent to 4.13 million sq ft in the first six months of this year from 5.71 million sq ft in the year-ago period. Real estate consultant Knight Frank India noted that foreign banking, financial services and insurance (BFSI) firms leased 7.32 million sq ft of office space during the first half of this year to set up GCCs across eight major Indian cities, a 70 per cent rise from 4.31 million sq ft a year ago. The eight cities are -- Mumbai, Delhi-NCR, Bengaluru, Pune, Hyderabad, Chennai, Ahmedabad and Kolkata. During January-June 2026, the BFSI sector contributed 36 per cent of the overall leasing of 20.6 million sq ft for GCCs across the leading eight cities. "India's commercial real estate market is witnessing a clear structural shift, with GCC-led demand becoming increasingly diversified beyond traditional technology occupiers," said Viral Desai, International Partner, Senior Executive Director, Occupier Strategy Solutions, Industrial & Logistics, Capital Markets & Retail, Knight Frank India. The 70 per cent year-on-year surge in BFSI-led GCC transactions underscores the sector's growing appetite for high-quality office spaces, he added. The leasing of office spaces by other service companies also rose to 5.10 million sq ft from 4.41 million sq ft during the period under review. Desai noted that the strong growth in other service sectors points to a broader expansion of India's services economy. "The moderation in IT/ITeS absorption reflects a period of recalibration as occupiers realign their global strategies. This evolving demand profile highlights the increasing depth and resilience of India's commercial real estate market, with BFSI emerging as a key driver of office space demand in 2026," Desai said. Leasing of office spaces by global manufacturing companies to set up GCCs also fell to 4.05 million sq ft from 4.67 million sq ft, data showed. Accuspace Managing Director Mukesh Choudhary said, "India's GCC ecosystem is entering a decisive phase of expansion, with state-level policies, skilled workforce, incentives and infrastructure commitments creating a strong pipeline of new centres and employment". The scale of GCC additions and diversification is likely to translate into sustained demand for quality office space, not just in established hubs but also across emerging markets, Choudhary added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 29 2026 | 5:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Transformers and Rectifiers (India) announced that it has received a purchase order from Megha Engineering and Infrastructures (MEIL) for manufacturing transformers and related works. The order is scheduled for delivery within 35 months. The company clarified that the order was received in the normal course of business and does not constitute a related-party transaction. Transformers and Rectifiers (India) is a leading manufacturer of transformers and reactors. It caters to power generation, transmission, distribution, and industrial sectors on a B2B model. The companys consolidated net profit declined 8.66% to Rs 61.52 crore despite a 8.13% increase in revenue from operations to Rs 572.34 crore in Q1 FY27 over Q1 FY26. Shares of Transformers and Rectifiers (India) shed 0.30% to settle at Rs 303.60 on Friday, 28 August 2026. First Published: Aug 29 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content From Oversold to Overdrive: Why Service Care Ltd is Primed for a Major Traction First Published: Aug 29 2026 | 5:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The deal offers an estimated gross development value (GDV) of Rs 10,000-12,000 crore over the next few years. First Published: Aug 29 2026 | 3:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
John Cockerill India secured an order worth approximately Rs 200 crore from A1 Iron & Steel Tanzania for steel processing equipment at its plant in Dodoma, Tanzania. The project is scheduled to be executed within 10 months from August 2026. The company clarified that the order does not constitute a related-party transaction and that the promoter group has no interest in the awarding entity. John Cockerill India, a subsidiary of Belgium-based John Cockerill SA, provides design, engineering, manufacturing and installation solutions for steel processing equipment and production lines used by ferrous and non-ferrous metal manufacturers globally. On the financial front, the company reported a consolidated net profit of Rs 7.36 crore in Q1 CY26, compared with a net loss of Rs 2.91 crore in Q1 CY25. Revenue rose 56% year-on-year to Rs 344.52 crore during the quarter ended March 2026. Shares of John Cockerill India rose 0.44% to settle at Rs 8,125.40 on Friday, 28 August 2026. First Published: Aug 29 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Meta Infotech announced that it has received a renewal order worth Rs 4.08 crore from a private sector bank for providing sustenance services for the period from April 1, 2026 to March 31, 2027. The order is to be executed within 15 days. The company clarified that the order was received in the ordinary course of business and does not constitute a related-party transaction. Meta Infotech is engaged in trading and providing services related to cybersecurity software products. The company reported a 31.7% decline in standalone net profit to Rs 10.88 crore, while revenue from operations rose 23.4% to Rs 270.04 crore in FY26 over FY25. Shares of Meta Infotech rose 1.44% to settle at Rs 100.40 on Friday, 28 August 2026. First Published: Aug 29 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Singapore's sovereign wealth fund Temasek on Saturday said it supports Singapore Airlines' investments in Air India and highlighted that the Indian carrier's large-scale transformation involves complex, multi-year operational and integration challenges. A statement from Temasek, which is a stakeholder in Singapore Airlines (SIA), comes against the backdrop of concerns raised in certain quarters about the carrier's investment in the loss-making Air India. Singapore Airlines owns a 25.1 per cent stake in Air India, and the remaining shareholding is with Tata Sons, which acquired the Indian airline from the government in January 2022. In a statement on Saturday, Temasek said SIA has articulated its objective to invest in a second hub to secure long-term growth beyond Singapore. "As the world's third-largest air transport market after the US and China, India is well-positioned to serve as this second hub. SIA has long participated in the India market, including an operating presence through Vistara since 2013, and its investment in Air India allows it to deepen its participation in India's aviation growth," it said. Temasek said that as a shareholder of SIA, "we view their business decision from a long-term perspective and are supportive of it". Earlier this week in a social media post, Singapore's Member of Parliament Kenneth Tiong Boon Kiat cited a media report and flagged concerns about Singapore Airlines investing more in Air India. "Air India has asked its owners for another $1.5 billion. Singapore Airlines owns about a quarter of it, and Temasek owns most of Singapore Airlines, so this is not only a question for private shareholders. Whichever of the two writes the cheque, it will have a significant impact on Temasek," he had said in a Facebook post. Singapore Airlines Group's net profit dropped 57 per cent to SGD 1.184 billion (nearly Rs 8,900 crore) in the fiscal year ended March 2026, mainly due to the absence of a prior-year one-off accounting gain related to the Vistara merger, and Air India losses. Air India's loss stood at more than SGD 3.56 billion (over Rs 26,700 crore) in the financial year ended March 2026, as the carrier grappled with the fallout of airspace curbs and other headwinds. Figures were disclosed by Singapore Airlines Group in its annual financial report for 2025-26, released in May. The rupee figures are based on the exchange rate of May 14. Sources earlier this week said Air India is planning to seek additional funds to the tune of $1.5 billion, which is over Rs 14,000 crore at the current exchange rate. On Saturday, Temasek also said it recognises that the large-scale transformation of Air India involves complex, multi-year operational and integration challenges. "Efforts of this scale take time and are not expected to be linear, particularly in the aviation sector, where outcomes are shaped by industry developments, including aircraft innovation and fleet renewal cycles, and external factors such as airspace disruptions, geopolitical developments, and fuel price volatility," it said in the statement. Meanwhile, on August 27, Singapore Airlines said its board will carefully consider Air India's any requests for additional capital after taking into consideration the group's other capital requirements, as well as the Indian carrier's business strategy. N Chandrasekaran, Chairman of Tata Sons and Air India in July, said Air India's transformation journey must be seen as a five- to ten-year journey considering the years-long supply chain disruptions in key components, the need to overhaul the legacy systems, culture, fleet and creation of a large cadre of airline professionals. Earlier this month, Chandrasekaran announced he would step down as Tata Sons Chairman when his current term ends in February 2027. In the Facebook post earlier this week, Kenneth Tiong Boon Kiat also said that no one, least of all Singaporeans, owes Air India a living. "I will not support, nor expect, any future use of Temasek's funds to prop up Air India via Singapore Airlines. If Singapore Airlines wants to continue its bet on Air India, it should do so on its own two feet, and not on Temasek's," he had said. Kenneth Tiong Boon Kiat said he has also filed a question for oral answer from Singapore's Minister of Transport on whether these losses have been assessed against SIA's capacity to provide essential transport services, and whether they engage the notification duty that comes with SIA's designated status under the Civil Aviation Authority of Singapore Act. The question is scheduled to be taken up during Parliament's sitting on September 8. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 29 2026 | 2:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 29 2026 | 2:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ather Energy introduced Konarc, its new electric scooter aimed at expanding the company's presence in the mass-market electric two-wheeler segment. Konarc will be offered across Ather's S and Z product lines, with six variants offering Indian Driving Cycle (IDC) ranges of up to 200 km. The S line will have four variants with ranges of 100 km, 125 km, 161 km and 200 km, while the Z line will offer 125 km and 161 km variants. The Konarc S 100 km is priced at Rs 99,999, while the S 125 km and S 161 km variants are priced at Rs 1,21,999 and Rs 1,44,999, respectively. Prices are effective ex-showroom Bengaluru. The company said the S 125 km and S 161 km variants will be available initially, with bookings and deliveries beginning in mid-September in a phased manner across select states before a wider rollout. The scooter is built on Ather's new EL platform and focuses on ride comfort, range, durability and ease of ownership. It features a 14-inch front alloy wheel, a 12-inch rear alloy wheel and a 1,352 mm wheelbase. Ather said the scooter also gets long-travel suspension and is its first scooter to feature metal panels on the rear side and a steel unibody chassis. Konarc introduces Ather's Advanced Electronic Braking System (AeBS), which dynamically adjusts the distribution of braking force between the front and rear wheels based on road conditions. The system uses software and sensors along with the scooter's existing drive controller and motor. The company has also introduced features including MagicKey, AutoPop and AirWalk. MagicKey enables keyless unlocking and automatic locking when the rider walks away, while AutoPop provides hands-free access to the under-seat storage. AirWalk uses motor assistance to make manually moving the scooter easier. Ather has doubled the service interval for Konarc to 10,000 km, which the company said would translate to roughly once a year for most riders. The scooter also comes with an onboard charger, while an optional 450W offboard charger can be used with the built-in 450W charger to deliver 900W combined charging. All Konarc variants will use Ather's fifth-generation Bedrock battery. The company has announced a 10-year or 1,00,000 km warranty, whichever is earlier, with a guaranteed minimum 70% state of health at the end of the warranty period. Ather Energy currently sells the 450 series and Rizta family scooter range. The company said it had nine variants across the two product lines as of the announcement. It operates the Ather Grid fast-charging network and has a focus on in-house research and development. Ather Energy, founded in 2013 by Tarun Mehta and Swapnil Jain, designs and manufactures electric scooters. Its portfolio includes the performance-focused Ather 450 series and the family-oriented Rizta. The company also operates the Ather Grid fast-charging network and has a strong focus on R&D and innovation. As of 30 June 2026, Ather held 323 registered trademarks, 270 registered designs and 52 registered patents globally. Hero MotoCorp will acquire additional shares in Ather Energy for up to Rs 1,758 crore, raising its stake from 29.88% to around 32.8%. The transaction, approved on 27 August 2026, will be completed by 3 September 2026 and does not require government or regulatory approvals. On a consolidated basis, Ather's net loss narrowed to Rs 51.09 crore in Q1 FY27 from Rs 178.23 crore in Q1 FY26 and Rs 100.23 crore in Q4 FY26. Revenue from operations surged 88.8% YoY and 3.6% QoQ to Rs 1,216.92 crore in the quarter ended 30 June 2026. Adjusted gross margin stood at Rs 282 crore, up 82.3% YoY, although the adjusted gross margin percentage moderated to 22% from 23% a year ago. The company reported positive EBITDA of Rs 9.45 crore in Q1 FY27 against an EBITDA loss of Rs 105.97 crore in Q1 FY26. EBITDA margin improved to 1% from a negative 16% last year. Shares of Ather Energy surged 8.09% to Rs 1,616.30 on Friday, 28 August 2026. First Published: Aug 29 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With gross development value of Rs 10,000-12,000 cr Max Estates has entered into Share Purchase Agreement to acquire the entire ownership interest, in promoter-owned land-holding companies that together own ~84.71-acre land parcel in West Delhi. The acquisition is structured non cash share swap transaction wherein the consideration is discharged entirely through the issue of the Company's own equity shares. Max Estates to issue up to ~70 lakhs equity shares at Rs 597.50 per share (aggregating up to ~Rs 420.2 crore) to landowning company's shareholders, with no cash outflow from the Company's balance sheet. The land parcel will unlock an estimated GDV of ~Rs 10,000-12,000 crore over next few years and mark the Company's entry into Delhi as a third core NCR geography, alongside its existing Noida and Gurugram portfolio. First Published: Aug 29 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For Rishikesh Karnprayag New BG Rail Line Project Ashoka Buildcon had submitted for the following Project to Rail Vikas Nigam (RVNL). Package-3: Supply, Erection, Testing & Commissioning of Electro Mechanical (E&M) System comprising of 33/11kv & 11/0.433kv GIS Substations, HT & LT Cables, DG Sets, Lighting, Ups System, Ventilation Systems & Fire Fighting Systems and other associated works for Tunnel T-13, T-14, T-15 & T-16 under package E-4 of Rishikesh Karnprayag New BG Rail Line Project in the State of Uttarakhand (Project) Further to apprise that the Company has received Letter of Acceptance for the said Project. First Published: Aug 29 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Chemicals North America Inc. (TCNA), a wholly owned subsidiary of Tata Chemicals, has been declared the successful bidder in the Chapter 11 bankruptcy proceedings of Searles Valley Minerals Inc. (SVM), USA, for the acquisition of North American soda ash customer contracts of SVM representing over half million metric tons customer orders through December 2028. This strengthens TCNA's customer portfolio by securing domestic North American customers. Thus, enhancing its ability to build long-term customer relationships and improve customer retention and supporting long-term value creation. In this regard, TCNA has entered into an Assignment and Assumption Agreement (ASA) with SVM for the acquisition of the certain soda ash customer contracts. The completion of the transaction remains subject to the satisfaction of the conditions and other terms set out in the ASA. Further, the United States Bankruptcy Court for the District of Delaware has approved the assignment and assumption of the specified customer contracts from SVM to TCNA pursuant to the ASA. First Published: Aug 29 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aayush Wellness announced the launch of its Lung Care Tablets, marking a significant expansion of its prevention led healthcare vision. Building on the proposition of Aayush Herbal Masala, developed around the health concerns associated with smokeless-tobacco consumption, the Company is now extending its focus to respiratory wellness, addressing the growing health challenges associated with smoking, air pollution and environmental exposure. The launch comes at a time when India's respiratory healthcare segment represents a significant and growing market. The Respiratory System therapeutic segment recorded sales of Rs 18,912.64 crore in 2025, up from Rs 17,199.40 crore in 2024, representing approximately 10% YoY growth. With India accounting for 30.28% of global deaths from respiratory diseases, Aayush Wellness sees an opportunity to build a differentiated position in the emerging preventive respiratory-wellness category. First Published: Aug 29 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 29 2026 | 1:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ashoka Buildcon announced that it has secured a Rs 602.16-crore order from Rail Vikas Nigam (RVNL) for electro-mechanical works for tunnels under the Rishikesh-Karnprayag rail project in Uttarakhand. The order is scheduled to be executed within 30 months from the date of commencement. The company will be required to submit a performance bank guarantee of Rs 25.51 crore to RVNL. The defect liability period for the project is two years. The company clarified that the contract does not constitute a related-party transaction. It added that neither the promoters nor members of the promoter group have any interest in the entity awarding the contract. Ashoka Buildcon is engaged in the construction & maintenance of roads and supporting services to land support and operation of toll roads. On a consolidated basis, net profit plunged 67.5% YoY to Rs 146.80 crore in Q4 FY26, while revenue from operations fell 27.5% to Rs 1,954.30 crore. Profit before tax dropped 66.9% to Rs 159.52 crore. Shares of Ashoka Buildcon shed 0.22% to settle at Rs 112.70 on Friday, 28 August 2026. First Published: Aug 29 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reliance Group on Friday, 28 August 2026, rejected allegations made by Essel Group chairman Subhash Chandra against media entities associated with the group, describing his remarks as baseless. In a media statement issued on 28 August 2026, a Reliance spokesperson said the group "strongly deny" the allegations and insinuations against its media entities, adding that its media brands have never been used to attack anyone and would not be used for such purposes. Reliance also said it holds Chandra in high regard as a businessman and entrepreneur and wished him well. Chandra's remarks came against the backdrop of media coverage of his personal insolvency case. The Delhi bench of the NCLT recently approved a repayment plan under which Chandra is required to contribute around Rs 6.25 crore from his personal assets against admitted claims of about Rs 22,006 crore. The case stems from personal guarantees provided by Chandra for borrowings by companies linked to the Essel Group. The NCLT settlement has drawn objections from lenders, including HDFC Bank and LIC Housing Finance, which are preparing to challenge the tribunal's decision. The lenders have raised concerns over the low recovery under the approved plan. However, reports have also noted that the Rs 22,006 crore represents claims arising from guarantees provided by Chandra and should not necessarily be interpreted as Rs 22,000 crore of personal borrowing by him. Against this backdrop, Chandra has criticised coverage of the insolvency proceedings by media entities linked to Reliance. Reports said he accused Reliance-linked media, including TV18 and CNBC, of presenting what he described as a misleading narrative about his debt and the NCLT proceedings. He also revived allegations relating to events surrounding Zee's share price and an attempted acquisition involving investor Invesco in 2019. These allegations have been denied by Reliance. On Friday, 28 August 2026, Zee Entertainment Enterprises fell 2.05% to settle at Rs 101.85 while Reliance Industries rose 0.37% to settle at Rs 1,287. First Published: Aug 29 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 29 2026 | 9:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jio Platforms, a subsidiary of Reliance Industries, has received an observation letter from the Securities and Exchange Board of India (SEBI) for its Draft Red Herring Prospectus (DRHP) for the proposed initial public offering (IPO). Jio Platforms had filed its DRHP with SEBI on 19 June 2026, proposing a fresh issue of up to 27 crore equity shares with a face value of Rs 10 each. The issue will be conducted through the book-building route, with the final issue price to be determined later. The DRHP does not include an offer for sale by existing shareholders. Reliance Industries will continue to remain the controlling shareholder of Jio Platforms with a 66.43% stake. As of 31 March 2026, Reliance Industries held 593.78 crore shares in Jio Platforms. The IPO is expected to raise around Rs 37,700 crore, or about $3.8 billion, based on estimates reported following SEBI's observations. If launched at that size, it would become India's largest-ever public issue. According to the DRHP, up to 50% of the issue size will be allocated to qualified institutional buyers, while at least 35% will be reserved for retail investors. The DRHP also provides for separate reservation portions for eligible Reliance Industries shareholders and employees, although the size of these reservations has not yet been disclosed. Jio Platforms plans to use up to Rs 27,500 crore of the IPO proceeds to repay or prepay, in full or in part, borrowings of Reliance Jio Infocomm, its material subsidiary. The remaining proceeds are proposed to be used for general corporate purposes. Jio Platforms reported revenue from operations of Rs 1,46,885.30 crore in FY26, up 14.6% from Rs 1,28,218.40 crore in FY25. EBITDA rose 18.8% to Rs 76,255.40 crore from Rs 64,170 crore, while EBITDA margin improved to 51.91% from 50.05%. Profit before tax increased 14.9% to Rs 40,353.10 crore in FY26 from Rs 35,127.30 crore in FY25. Profit after tax rose 15.1% to Rs 30,049.10 crore from Rs 26,109 crore a year earlier. Jio Platforms had a customer base of 524.4 million at the end of FY26, compared with 488.2 million a year earlier. The company houses Reliance Industries' telecom, digital platform and technology businesses. The proposed listing comes amid continued activity in India's primary market, with the Jio Platforms issue potentially setting a new benchmark for the size of an Indian IPO. The observation letter represents an important step in the IPO process, but SEBI's observations do not by themselves mean that the IPO has been launched or that the issue dates and price have been finalised. Jio Platforms will still need to complete the subsequent regulatory and offer-document processes before the public issue opens for subscription. Reliance Industries is India's largest private sector company, with businesses spanning digital services, retail, oil-to-chemicals, exploration and production, new energy and consumer products. Reliance Industries' consolidated net profit increased 6.12% YoY and 12.66% QoQ to Rs 23,196 crore in Q1 FY27. The figure includes the share of profit from associates and joint ventures. Gross revenue rose 24.50% YoY and 4.60% QoQ to Rs 3,40,257 crore in the June 2026 quarter. Shares of Reliance Industries rose 0.37% to settle at Rs 1,287 on Friday, 28 August 2026. First Published: Aug 29 2026 | 8:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 29 2026 | 7:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 29 2026 | 7:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 29 2026 | 6:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style Labs logo Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Labs at a market capitalisation of over Rs 4,600 crore. The company plans to utilise Rs 371.13 crore of the IPO proceeds for investment in its wholly-owned subsidiary PSL Retail towards lease liabilities of experience centres and back-end offices in India, while Rs 138.90 crore will be used for sales and marketing expenses. The remaining proceeds will be used for general corporate purposes. Purple Style Labs operates a multi-brand luxury fashion omni-channel platform and is promoted by Abhishek Agarwal. Its publicly disclosed celebrity investors include Shah Rukh Khan, Salman Khan and his family, Sachin Tendulkar, Madhuri Dixit and Mahesh Babu. The company currently offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 experience centres. Axis Capital and IIFL Capital Services are the book-running lead managers to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style Labs logo Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Labs at a market capitalisation of over Rs 4,600 crore. The company plans to utilise Rs 371.13 crore of the IPO proceeds for investment in its wholly-owned subsidiary PSL Retail towards lease liabilities of experience centres and back-end offices in India, while Rs 138.90 crore will be used for sales and marketing expenses. The remaining proceeds will be used for general corporate purposes. Purple Style Labs operates a multi-brand luxury fashion omni-channel platform and is promoted by Abhishek Agarwal. Its publicly disclosed celebrity investors include Shah Rukh Khan, Salman Khan and his family, Sachin Tendulkar, Madhuri Dixit and Mahesh Babu. The company currently offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 experience centres. Axis Capital and IIFL Capital Services are the book-running lead managers to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style Labs logo Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Labs at a market capitalisation of over Rs 4,600 crore. The company plans to utilise Rs 371.13 crore of the IPO proceeds for investment in its wholly-owned subsidiary PSL Retail towards lease liabilities of experience centres and back-end offices in India, while Rs 138.90 crore will be used for sales and marketing expenses. The remaining proceeds will be used for general corporate purposes. Purple Style Labs operates a multi-brand luxury fashion omni-channel platform and is promoted by Abhishek Agarwal. Its publicly disclosed celebrity investors include Shah Rukh Khan, Salman Khan and his family, Sachin Tendulkar, Madhuri Dixit and Mahesh Babu. The company currently offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 experience centres. Axis Capital and IIFL Capital Services are the book-running lead managers to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style Labs logo Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Labs at a market capitalisation of over Rs 4,600 crore. The company plans to utilise Rs 371.13 crore of the IPO proceeds for investment in its wholly-owned subsidiary PSL Retail towards lease liabilities of experience centres and back-end offices in India, while Rs 138.90 crore will be used for sales and marketing expenses. The remaining proceeds will be used for general corporate purposes. Purple Style Labs operates a multi-brand luxury fashion omni-channel platform and is promoted by Abhishek Agarwal. Its publicly disclosed celebrity investors include Shah Rukh Khan, Salman Khan and his family, Sachin Tendulkar, Madhuri Dixit and Mahesh Babu. The company currently offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 experience centres. Axis Capital and IIFL Capital Services are the book-running lead managers to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style Labs logo Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Labs at a market capitalisation of over Rs 4,600 crore. The company plans to utilise Rs 371.13 crore of the IPO proceeds for investment in its wholly-owned subsidiary PSL Retail towards lease liabilities of experience centres and back-end offices in India, while Rs 138.90 crore will be used for sales and marketing expenses. The remaining proceeds will be used for general corporate purposes. Purple Style Labs operates a multi-brand luxury fashion omni-channel platform and is promoted by Abhishek Agarwal. Its publicly disclosed celebrity investors include Shah Rukh Khan, Salman Khan and his family, Sachin Tendulkar, Madhuri Dixit and Mahesh Babu. The company currently offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 experience centres. Axis Capital and IIFL Capital Services are the book-running lead managers to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style Labs logo Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Labs at a market capitalisation of over Rs 4,600 crore. The company plans to utilise Rs 371.13 crore of the IPO proceeds for investment in its wholly-owned subsidiary PSL Retail towards lease liabilities of experience centres and back-end offices in India, while Rs 138.90 crore will be used for sales and marketing expenses. The remaining proceeds will be used for general corporate purposes. Purple Style Labs operates a multi-brand luxury fashion omni-channel platform and is promoted by Abhishek Agarwal. Its publicly disclosed celebrity investors include Shah Rukh Khan, Salman Khan and his family, Sachin Tendulkar, Madhuri Dixit and Mahesh Babu. The company currently offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 experience centres. Axis Capital and IIFL Capital Services are the book-running lead managers to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style Labs logo Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Labs at a market capitalisation of over Rs 4,600 crore. The company plans to utilise Rs 371.13 crore of the IPO proceeds for investment in its wholly-owned subsidiary PSL Retail towards lease liabilities of experience centres and back-end offices in India, while Rs 138.90 crore will be used for sales and marketing expenses. The remaining proceeds will be used for general corporate purposes. Purple Style Labs operates a multi-brand luxury fashion omni-channel platform and is promoted by Abhishek Agarwal. Its publicly disclosed celebrity investors include Shah Rukh Khan, Salman Khan and his family, Sachin Tendulkar, Madhuri Dixit and Mahesh Babu. The company currently offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 experience centres. Axis Capital and IIFL Capital Services are the book-running lead managers to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style Labs logo Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Labs at a market capitalisation of over Rs 4,600 crore. The company plans to utilise Rs 371.13 crore of the IPO proceeds for investment in its wholly-owned subsidiary PSL Retail towards lease liabilities of experience centres and back-end offices in India, while Rs 138.90 crore will be used for sales and marketing expenses. The remaining proceeds will be used for general corporate purposes. Purple Style Labs operates a multi-brand luxury fashion omni-channel platform and is promoted by Abhishek Agarwal. Its publicly disclosed celebrity investors include Shah Rukh Khan, Salman Khan and his family, Sachin Tendulkar, Madhuri Dixit and Mahesh Babu. The company currently offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 experience centres. Axis Capital and IIFL Capital Services are the book-running lead managers to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style Labs logo Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Labs at a market capitalisation of over Rs 4,600 crore. The company plans to utilise Rs 371.13 crore of the IPO proceeds for investment in its wholly-owned subsidiary PSL Retail towards lease liabilities of experience centres and back-end offices in India, while Rs 138.90 crore will be used for sales and marketing expenses. The remaining proceeds will be used for general corporate purposes. Purple Style Labs operates a multi-brand luxury fashion omni-channel platform and is promoted by Abhishek Agarwal. Its publicly disclosed celebrity investors include Shah Rukh Khan, Salman Khan and his family, Sachin Tendulkar, Madhuri Dixit and Mahesh Babu. The company currently offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 experience centres. Axis Capital and IIFL Capital Services are the book-running lead managers to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style Labs logo Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Labs at a market capitalisation of over Rs 4,600 crore. The company plans to utilise Rs 371.13 crore of the IPO proceeds for investment in its wholly-owned subsidiary PSL Retail towards lease liabilities of experience centres and back-end offices in India, while Rs 138.90 crore will be used for sales and marketing expenses. The remaining proceeds will be used for general corporate purposes. Purple Style Labs operates a multi-brand luxury fashion omni-channel platform and is promoted by Abhishek Agarwal. Its publicly disclosed celebrity investors include Shah Rukh Khan, Salman Khan and his family, Sachin Tendulkar, Madhuri Dixit and Mahesh Babu. The company currently offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 experience centres. Axis Capital and IIFL Capital Services are the book-running lead managers to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style Labs logo Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Labs at a market capitalisation of over Rs 4,600 crore. The company plans to utilise Rs 371.13 crore of the IPO proceeds for investment in its wholly-owned subsidiary PSL Retail towards lease liabilities of experience centres and back-end offices in India, while Rs 138.90 crore will be used for sales and marketing expenses. The remaining proceeds will be used for general corporate purposes. Purple Style Labs operates a multi-brand luxury fashion omni-channel platform and is promoted by Abhishek Agarwal. Its publicly disclosed celebrity investors include Shah Rukh Khan, Salman Khan and his family, Sachin Tendulkar, Madhuri Dixit and Mahesh Babu. The company currently offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 experience centres. Axis Capital and IIFL Capital Services are the book-running lead managers to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style Labs logo Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Labs at a market capitalisation of over Rs 4,600 crore. The company plans to utilise Rs 371.13 crore of the IPO proceeds for investment in its wholly-owned subsidiary PSL Retail towards lease liabilities of experience centres and back-end offices in India, while Rs 138.90 crore will be used for sales and marketing expenses. The remaining proceeds will be used for general corporate purposes. Purple Style Labs operates a multi-brand luxury fashion omni-channel platform and is promoted by Abhishek Agarwal. Its publicly disclosed celebrity investors include Shah Rukh Khan, Salman Khan and his family, Sachin Tendulkar, Madhuri Dixit and Mahesh Babu. The company currently offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 experience centres. Axis Capital and IIFL Capital Services are the book-running lead managers to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style Labs logo Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Labs at a market capitalisation of over Rs 4,600 crore. The company plans to utilise Rs 371.13 crore of the IPO proceeds for investment in its wholly-owned subsidiary PSL Retail towards lease liabilities of experience centres and back-end offices in India, while Rs 138.90 crore will be used for sales and marketing expenses. The remaining proceeds will be used for general corporate purposes. Purple Style Labs operates a multi-brand luxury fashion omni-channel platform and is promoted by Abhishek Agarwal. Its publicly disclosed celebrity investors include Shah Rukh Khan, Salman Khan and his family, Sachin Tendulkar, Madhuri Dixit and Mahesh Babu. The company currently offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 experience centres. Axis Capital and IIFL Capital Services are the book-running lead managers to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style Labs logo Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Labs at a market capitalisation of over Rs 4,600 crore. The company plans to utilise Rs 371.13 crore of the IPO proceeds for investment in its wholly-owned subsidiary PSL Retail towards lease liabilities of experience centres and back-end offices in India, while Rs 138.90 crore will be used for sales and marketing expenses. The remaining proceeds will be used for general corporate purposes. Purple Style Labs operates a multi-brand luxury fashion omni-channel platform and is promoted by Abhishek Agarwal. Its publicly disclosed celebrity investors include Shah Rukh Khan, Salman Khan and his family, Sachin Tendulkar, Madhuri Dixit and Mahesh Babu. The company currently offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 experience centres. Axis Capital and IIFL Capital Services are the book-running lead managers to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style Labs logo Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Labs at a market capitalisation of over Rs 4,600 crore. The company plans to utilise Rs 371.13 crore of the IPO proceeds for investment in its wholly-owned subsidiary PSL Retail towards lease liabilities of experience centres and back-end offices in India, while Rs 138.90 crore will be used for sales and marketing expenses. The remaining proceeds will be used for general corporate purposes. Purple Style Labs operates a multi-brand luxury fashion omni-channel platform and is promoted by Abhishek Agarwal. Its publicly disclosed celebrity investors include Shah Rukh Khan, Salman Khan and his family, Sachin Tendulkar, Madhuri Dixit and Mahesh Babu. The company currently offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 experience centres. Axis Capital and IIFL Capital Services are the book-running lead managers to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Purple Style Labs logo Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Labs at a market capitalisation of over Rs 4,600 crore. The company plans to utilise Rs 371.13 crore of the IPO proceeds for investment in its wholly-owned subsidiary PSL Retail towards lease liabilities of experience centres and back-end offices in India, while Rs 138.90 crore will be used for sales and marketing expenses. The remaining proceeds will be used for general corporate purposes. Purple Style Labs operates a multi-brand luxury fashion omni-channel platform and is promoted by Abhishek Agarwal. Its publicly disclosed celebrity investors include Shah Rukh Khan, Salman Khan and his family, Sachin Tendulkar, Madhuri Dixit and Mahesh Babu. The company currently offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 experience centres. Axis Capital and IIFL Capital Services are the book-running lead managers to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 8:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 8:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mumbai, Delhi-NCR and Bengaluru have emerged among the top 10 Asia-Pacific (APAC) markets for logistics rental growth First Published: Aug 28 2026 | 8:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mumbai, Delhi-NCR and Bengaluru have emerged among the top 10 Asia-Pacific (APAC) markets for logistics rental growth First Published: Aug 28 2026 | 8:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mumbai, Delhi-NCR and Bengaluru have emerged among the top 10 Asia-Pacific (APAC) markets for logistics rental growth First Published: Aug 28 2026 | 8:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tempsens Instruments India has emerged as the best-performing mainboard initial public offering (IPO) of calendar year 2026 First Published: Aug 28 2026 | 8:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tempsens Instruments India has emerged as the best-performing mainboard initial public offering (IPO) of calendar year 2026 First Published: Aug 28 2026 | 8:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tempsens Instruments India has emerged as the best-performing mainboard initial public offering (IPO) of calendar year 2026 First Published: Aug 28 2026 | 8:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 7:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On 28 August 2026 The proposed venture envisages the establishment of a suitable entity and manufacturing facility in South Africa for the manufacture, processing, testing, packaging, marketing and supply of male condoms and related products. Under the proposed structure, Cupid is expected to hold up to 49% of the equity share capital, while the South African partner and/or its qualifying local shareholders would hold at least 51% and retain control, in line with applicable South African ownership, localisation, transformation, procurement and tender requirements. First Published: Aug 28 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahindra today announced the expansion of its Battery-as-a-Service (BaaS) programme across its entire Electric Origin SUV portfolio, making it available on the BE 6 SPORTEQ, XEV 9S and XEV 9e. Introduced with the launch of the BE 6 SPORTEQ, BaaS makes EV ownership more accessible by enabling customers to finance the vehicle and battery separately through a unique dual-financing structure. Under BaaS, customers can pay Rs 11.45 Lakh# for the BE 6 SPORTEQ and finance the battery at an effective usage cost of Rs 3.75/km#. This significantly lowers the upfront purchase cost while providing customers greater flexibility in managing their monthly outflow, offering a smarter way to own an EV. First Published: Aug 28 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 28 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 28 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 28 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 28 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 28 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 28 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 28 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 28 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 7:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With estimated gross development value of Rs 1330 cr This development is spread across 7.98 Acres of land at Madhavaram on GNT (Grand Northern Trunk Road) with 5 towers of Ground + 22 Floors and 2 basements, comprising of 910 premium apartments. These apartments come in various configurations of 1, 2 & 3 Bedroom Home Options starting from saleable areas of 641 sq ft onwards up to 1827 sq ft. The overall development is approximately 1.38 mn sq ft of saleable area, with an estimated Gross Development Value of Rs. 1330 crore. This is part of Prestige Group's expansion plans in Chennai region, where it intends to launch 3 to 4 residential developments in this financial year. First Published: Aug 28 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Consequent to the above allotment, the paid-up equity share capital of the company will increase from Rs 27,37,37,02,690 (i.e. 2,73,73,70,269 equity shares of face value of Rs 10/- each) to Rs 27,37,51,21,170 (i.e. 2,73,75,12,117 equity shares of face value of Rs 10/- each). First Published: Aug 28 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 28 2026 | 7:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 7:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty IT index First Published: Aug 28 2026 | 7:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 28 2026 | 6:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 10.78% to Rs 34212.00 crore First Published: Aug 28 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 5:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Balkrishna Industries This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 5.18 crore shares as against 1.76 crore shares on offer. The issue opened for bidding on 25 August 2026 and will close on 28 August 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 151 equity shares and multiples thereof. The issue comprises only a fresh issue of up to 17,683,000 equity shares of Rs 10 face value. Of the net proceeds, the company intends to use Rs 15.408 crore towards funding capital expenditure requirements of the company for purchase of machinery or equipment; Rs 115 crore towards funding working capital requirements of the company; and balance towards general corporate purposes. Annu Projects, established in 2003, is engaged in the design, development, implementation, operations and maintenance of essential overhead and underground utilities infrastructure across telecom, sewerage, gas pipeline and railway signaling verticals. In the telecom infrastructure vertical, it is primarily engaged in surveying, designing, and installing cabling and tower infrastructures for communication, automation, and electronic security systems. Core activities of the company in sewerage infrastructure vertical include pipe laying, construction of manholes, construction of sewerage treatment plants, construction of pumping stations, and construction of structural facilities essential for supporting sewerage operations, construction of storm water drainage systems and screening chambers for combined or sanitary sewers. In FY26 revenue from operations, about 41.50% is accounted by telecom infrastructure, 52.67% from sewerage infrastructure, 4.03% from gas pipeline and 1.80% from others including trading of machines etc. As on June 30, 2026, it owned a fleet of more than 558 machine and equipment (such as horizontal directional drilling machine, excavators, splicing machine, digitrak machine, OTDR machine, HDPE pipe welding machine etc) The firm reported a consolidated net profit of Rs 33.03 crore and sales of Rs 241.25 crore for the twelve months ended on 31 March 2026. First Published: Aug 28 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 5:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 5:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 30.76 crore shares as against 6.32 crore shares on offer. The issue opened for bidding on 27 August 2026 and it will close on 31 August 2026. The price band of the IPO is fixed between Rs 78 and 82 per share. An investor can bid for a minimum of 182 equity shares and multiples thereof. The offer comprises a fresh issue of equity shares of Rs 5 each, aggregating to Rs 500 crore and an offer for sale of equity shares aggregating to Rs 200 crore. The offer for sale component is entirely by promoters. Of the net proceeds from fresh issue, the company intend to use Rs 337 crore towards prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the company; Rs 15.013 crore towards capital expenditure for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility; and balance towards general corporate purposes. Ahead of the IPO, Lumino Industries on Wednesday, 26 August 2026, raised Rs 206.69 crore from anchor investors. The board allotted 2.52 crore shares at Rs 82 each to 30 anchor investors. Lumino Industries, promoted by Purushottam Dass Goel, is an integrated engineering, procurement and construction (EPC) player focused on the power transmission and distribution (T&D) sector. The company manufactures aluminium conductors, power cables and electrical wires, including HTLS conductors, and undertakes EPC projects across power T&D, EHV substations, re-conductoring, railway electrification, solar power and water management. Manufacturing contributed 69.74% of FY26 revenue, while EPC contributed 30.26%. As of March 2026, it had an order book of Rs 3,149.88 crore, with 82.20% from government entities, and operated two manufacturing facilities in Howrah with a combined aluminium consumption capacity of 40,000 MT annually. The company is expanding its manufacturing footprint with a new facility in Howrah expected to commence commercial production in H2FY27. The firm reported a consolidated net profit of Rs 159.97 crore and sales of Rs 2,041.07 crore for the twelve months ended on 31 March 2026. First Published: Aug 28 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 2.59 crore shares as against 1.23 crore shares on offer. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 408 and 429 per share. An investor can bid for a minimum of 34 equity shares and multiples thereof. The IPO is entirely a fresh issue of shares worth Rs 720 crore. At upper price band of Rs 429, the fresh issuance is of 1,58,50,816 shares. There is no offer for sale (OFS) component. The funds raised to the tune of Rs 576 crore will be used towards purchase and installation of cloud computing and other equipment and infrastructure for data centres and the balance to be used for general corporate purposes. Ahead of the IPO, ESDS on Thursday, 27 August 2026, raised Rs 215.99 crore from anchor investors. The board allotted 50.34 lakh shares at Rs 429 each to 19 anchor investors. ESDS Software Solution (ESDS) is an AI-enabled provider of cloud, managed services, data centre infrastructure and software solutions in India. The company offers an end-to-end portfolio comprising infrastructure-as-a-service (IaaS), managed services and software-as-a-service (SaaS), serving customers across BFSI, Government and enterprise segments. The companys comprehensive Security-as-a-Service (SECaaS) framework enables businesses to proactively manage threats and achieve robust security and compliance objectives. ESDS IaaS portfolio includes co-location and data centre services, public, private, virtual private, hybrid and community cloud solutions, and GPU-as-a-service (GPUaaS). The company has data centres in Airoli, Bengaluru, Nashik, Noida, and Mohali. It is also in the process of establishing proposed data centres in Kolkata and Sahibabad. The company derived around 27.4% of its revenues from government entities. The firm reported a consolidated net profit of Rs 120.82 crore and sales of Rs 472.21 crore for the twelve months ended on 31 March 2026. First Published: Aug 28 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 61.76 lakh shares as against 32.02 lakh shares on offer. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 190 and 200 per share. An investor can bid for a minimum of 75 equity shares and multiples thereof. The IPO comprises fresh issue of 45,75,000 equity shares worth up to Rs 91.5 crore. The objectives of the fresh issue include Rs 75 crore for Repayment/pre-payment of certain working capital borrowings, and remaining amount for general corporate purposes. Ahead of the IPO, Priority Jewels on Thursday, 27 August 2026, raised Rs 27.45 crore from anchor investors. The board allotted 13.72 lakh shares at Rs 200 each to 4 anchor investors. Priority Jewels designs, manufactures and sells a wide range of lightweight, affordable, diamond-studded gold and platinum fine jewellery. Its products are sold directly to independent jewellers and jewellery chains in India, as well as select international markets. Its portfolio primarily comprises lightweight, affordable daily-wear jewellery, including rings, earrings, pendants, neckwear and bracelets, along with occasion and couture jewellery. The company also manufactures lab-grown diamond jewellery against specific customer orders, allowing it to cater to evolving consumer preferences. The company supplies jewellery to leading retail players, including CaratLane, Kalyan Jewellers India, Reliance Retail, Malabar Gold & Diamonds, Tribhovandas Bhimji Zaveri and Senco Gold. In Q1 FY27, domestic sales contributed 50.44% of revenue, and exports 49.56%. The company has an annual manufacturing capacity of approximately 700 kg, with capacity utilization of 65% in FY26 and 58% in Q1 FY27. The firm reported a consolidated net profit of Rs 6.69 crore and sales of Rs 146.73 crore for the three months ended on 30th June 2026. First Published: Aug 28 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Index of Industrial Production (IIP) data showed that the IIP growth rate for the month of July 2026 is 6.7 percent which was 7.3 percent (Quick Estimate) in the month of June 2026. The growth rates of the sectors, Mining & Quarrying, Manufacturing, Electricity & Gas Supply and Water Supply, Sewerage & Waste Management for the month of July 2026 are (-) 0.9 percent, 7.3 percent, 8.7 percent and 7.4 percent respectively. The Quick Estimate of IIP stands at 124.8 against 117.0 in July 2025. Within the Manufacturing sector, 19 out of 23 industry groups have recorded a positive growth in July 2026 over July 2025. The top three positive contributors for the month of July 2026 are - "Manufacture of motor vehicles, trailers and semi-trailers" (22.2%), "Manufacture of electrical equipment" (28.3%), and "Manufacture of machinery and equipment n.e.c." (12.1%). The corresponding growth rates of IIP as per Use-Based Classification in July 2026 over July 2025 are 4.1 percent in Primary Goods, 16.1 percent in Capital Goods, 10.0 percent in Intermediate Goods, 6.9 percent in Infrastructure/ Construction Goods, 10.5 percent in Consumer durables and (-)1.0 percent in Consumer non-durables. Based on Use-Based Classification, top three positive contributors to the growth of IIP for the month of July 2026 are Intermediate Goods, Capital Goods and Primary goods. The index stood unchanged on a monthly basis in July. First Published: Aug 28 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Key equity benchmarks rebounded on Friday, snapping a two-session losing streak, as a sharp rally in IT stocks helped offset weakness in select heavyweight banking and consumer-facing stocks. The rally in IT shares was supported partly by stronger global technology sentiment following upbeat Nvidia results. Pharma and metal stocks also gained, while FMCG and consumer durable stocks declined. Investor sentiment remained cautious ahead of Kevin Warsh's speech later today. Warsh is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for clues on the US central bank's monetary policy outlook. Firm crude oil prices also weighed on sentiment. The S&P BSE Sensex advanced 330.92 points, or 0.43%, to 77,264.51, while the Nifty 50 index gained 84.80 points, or 0.35%, to 24,175.65. Over the previous two sessions, the Sensex and Nifty had declined 0.93% and 1%, respectively. The market witnessed heightened volatility in the final leg of trade, with sharp movements in the benchmark indices during the Closing Auction Session (CAS). The late-session swings influenced the final index levels as market participants adjusted their positions ahead of the close. In the broader market, the BSE 150 MidCap Index rose 0.16%, while the BSE 250 SmallCap Index gained 0.33%. Market breadth remained positive. On the BSE, 2,385 shares advanced, while 1,932 shares declined and 248 shares remained unchanged. Numbers to Track: In the commodities market, Brent crude for October 2026 settlement declined 27 cents or 0.30% to $89.43 a barrel. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.4075 compared with its close of 95.4400 during the previous trading session. The yield on India's 10-year benchmark federal paper jumped 0.35% to 6.916 compared with the previous session close of 6.851. MCX Gold futures for 05 October 2026 settlement rose 0.48% to Rs 1,59,765. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.06% to 99.22. The United States 10-year bond yield added 0.26% to 4.684. Global Markets: European equities climbed while Asian stocks were broadly higher, with technology shares leading gains following Nvidia's strong results and upbeat outlook. The positive global sentiment was also reflected on Wall Street, where the Nasdaq rose 1.57% on Thursday, while the S&P 500 and Dow Jones Industrial Average gained 0.72% and 0.20%, respectively. Nvidia surged 8.7% after its strong results and forecast reinforced expectations of sustained demand for artificial intelligence infrastructure. The main focus for global investors on Friday is Federal Reserve Chair Kevin Warsh's first major address at the Jackson Hole symposium in Wyoming. Investors are closely watching his remarks for clues on the US central bank's approach to inflation and interest rates, particularly amid elevated Treasury yields and uncertainty over the future path of monetary policy. Meanwhile, inflation in Tokyo, a leading indicator of nationwide price trends, remained close to the Bank of Japan's 2% target in August. Core consumer prices, which exclude volatile fresh food prices, rose 1.8% year-on-year, up from 1.7% in July. A measure excluding both fresh food and energy rose 2%, keeping attention on the Bank of Japan's monetary policy outlook. US initial jobless claims fell by 4,000 to 203,000 in the week ended 22 August, pointing to continued resilience in the labour market. Separately, the US goods trade deficit widened to $118.8 billion in July from $101.4 billion in June, with the increase potentially weighing on third-quarter economic growth. Crude oil prices firmed up on Thursday, after reports that the Trump administration was not interested in renewing the June ceasefire agreement with Iran. The development added to uncertainty over efforts to ease supply disruptions around the strategically important Strait of Hormuz. New Listings: Shares of Tempsens Instruments ended at Rs 586.80 on the BSE, representing a premium of 95.60% as compared with the issue price of Rs 300. The stock debuted at Rs 631.20 on the BSE, a premium of 110.4% over its issue price. The stock has hit a high of Rs 635 and a low of Rs 551.20. On the BSE, over 47.68 lakh shares of the company were traded in the counter. Stocks in Spotlight: IT stocks rallied sharply on Friday, with the Nifty IT index jumping 3.51% to 31,281.70, rebounding after declining 1.79% over the previous two trading sessions. The rally in Indian IT stocks came amid stronger global technology sentiment following Nvidia's strong quarterly results and upbeat revenue outlook, which reinforced optimism over sustained spending on artificial intelligence infrastructure. Coforge led the sectoral rally, rising 5.93%, followed by LTIMindtree at 4.73% and TCS at 4.16%. Persistent Systems advanced 3.91%, while Tech Mahindra gained 3.53%. Infosys rose 2.99%, Oracle Financial Services Software gained 2.83%, HCL Technologies advanced 2.66% and Mphasis climbed 1.72%. Wipro rose 2.58% after the company announced an expansion of its partnership with Google Cloud to accelerate enterprise-wide adoption of Gemini Enterprise and agentic artificial intelligence (AI). Tejas Networks jumped 7.63% and Tata Consultancy Services (TCS) gained 4.09% after Tejas Networks received a Letter of Intent (LoI) from TCS for supplying equipment for Bharat Sanchar Nigams (BSNL) 4G mobile network. Great Eastern Shipping Company advanced 1.70% after the companys board approved a share buyback of up to Rs 900 crore through the open market route at a maximum price of Rs 1,530 per equity share. Under the buyback, the company will purchase up to 58,82,352 fully paid-up equity shares of face value Rs 10 each, representing up to 4.12% of the companys total paid-up equity share capital as on 27 August 2026. Ather Energy surged 8.09% and Hero MotoCorp rose 0.90% after Hero MotoCorp's board approved the purchase of additional shares in Ather Energy. Hero MotoCorp currently holds 29.88% of Ather on a fully diluted basis. Following the purchase, its stake will increase to up to around 32.8%. The transaction will be completed by 3 September 2026. Hero MotoCorp will pay cash consideration of up to Rs 1,758 crore for the additional shares. Yatharth Hospital & Trauma Care Services shed 0.58%. As per media reports, Advent International and Blackstone-backed Aster DM Quality Care were in discussions to acquire a controlling stake in the hospital chain. Initial Public Offer (IPO): Lumino Industries received bids for 30,45,24,948 shares as against 6,32,05,127 shares on offer, according to stock exchange data at 16:45 IST on 28 August 2026. The issue was subscribed 4.82 times. The issue opened for bidding on 27 August 2026 and will close on 31 August 2026. The price band of the IPO is fixed between Rs 78 and 82 per share. An investor can bid for a minimum of 182 equity shares and multiples thereof. Annu Projects received bids for 5,14,44,492 shares as against 1,76,83,000 shares on offer, according to stock exchange data at 16:45 IST on 28 August 2026. The issue was subscribed 2.91 times. The issue opened for bidding on 25 August 2026 and will close on 28 August 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 151 equity shares and multiples thereof. Priority Jewels received bids for 61,02,525 shares as against 32,02,500 shares on offer, according to stock exchange data at 16:45 IST on 28 August 2026. The issue was subscribed 1.91 times. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 190 and 200 per share. An investor can bid for a minimum of 75 equity shares and multiples thereof. EDS Software Solution received bids for 2,57,24,400 shares as against 1,23,52,942 shares on offer, according to stock exchange data at 16:45 IST on 28 August 2026. The issue was 2.08 times. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 408 and 429 per share. An investor can bid for a minimum of 34 equity shares and multiples thereof. First Published: Aug 28 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 5:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nikkei 225 rose 0.41% to 66,405, while the broader Topix gained 0.72% to 4,147. Japans unemployment rate fell to 2.4% in July, its lowest level in a year, while Tokyos inflation rate picked up to a five-month high in August. Technology and electronics stocks led the gains, with Advantest up 1.9% and Taiyo Yuden rising 3.9%. Terra Drone jumped 12.4%. Elsewhere, Mizuho Bank started legal action against iron ore trader Radiant World over alleged falsified documents used to obtain financing. Toyota also faced pressure as vehicle sales fell for a sixth straight month, with higher gasoline prices hurting demand for non-electric vehicles in China. First Published: Aug 28 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Shanghai Composite fell 0.11% to 3,952.2, while the Shenzhen Component dropped 0.68% to 13,953.1. Concerns grew after US President Donald Trump indicated that Chinese banks could face sanctions. Reports of a possible 7.5% US tariff on Chinese goods also added to the pressure. The weaker mood came despite preparations for Chinese President Xi Jinpings planned US visit next month. Several major stocks fell, including Industrial Bank, Wuxi AppTec, CATL, Eoptolink Technology and NAURA Technology. For the week, the Shanghai Composite gained 1.2%, while the Shenzhen Component declined 1.0%. First Published: Aug 28 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 4:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India VIX dropped 3.70% to 10.66 In the cash market, the Nifty 50 index rose 84.80 points or 0.35% to 24,175.65. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.70% to 10.66. Infosys, HDFC Bank and TVS Motor were the top-traded individual stock futures contracts in the F&O segment of the NSE. The September 2026 F&O contracts will expire on 29 September 2026. First Published: Aug 28 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
However, the market witnessed heightened volatility in the final leg of trade, with sharp movements in the benchmark indices during the Closing Auction Session (CAS). The late-session swings influenced the final index levels as market participants adjusted positions ahead of the close. Market participants remained focused on the upcoming speech by Kevin Warsh, who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for indications of the US central banks monetary policy outlook. As per provisional closing data, the S&P BSE Sensex advanced 330.92 points or 0.43% to 77,264.51. The Nifty 50 index gained 84.80 points or 0.35% to 24,175.65. In the past two consecutive trading sessions, the Sensex and Nifty declined 0.93% and 1%, respectively. In the broader market, the BSE 150 MidCap Index rose 0.16% and the BSE 250 SmallCap Index added 0.33%. The market breadth was positive. On the BSE, 2,396 shares rose and 1,924 shares fell. A total of 245 shares were unchanged. In the commodities market, Brent crude for October 2026 settlement declined 27 cents or 0.30% to $89.43 a barrel. New Listings: Shares of Tempsens Instruments ended at Rs 591 on the BSE, representing a premium of 97% as compared with the issue price of Rs 300. The stock debuted at Rs 631.20 on the BSE, a premium of 110.4% over its issue price. The stock has hit a high of Rs 635 and a low of Rs 551.20. On the BSE, over 47.66 lakh shares of the company were traded in the counter. Initial Public Offer (IPO): Lumino Industries received bids for 26,42,73,464 shares as against 6,32,05,127 shares on offer, according to stock exchange data at 15:30 IST on 28 August 2026. The issue was subscribed 4.18 times. The issue opened for bidding on 27 August 2026 and will close on 31 August 2026. The price band of the IPO is fixed between Rs 78 and 82 per share. An investor can bid for a minimum of 182 equity shares and multiples thereof. Annu Projects received bids for 4,84,95,915 shares as against 1,76,83,000 shares on offer, according to stock exchange data at 15:30 IST on 28 August 2026. The issue was subscribed 2.74 times. The issue opened for bidding on 25 August 2026 and will close on 28 August 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 151 equity shares and multiples thereof. Priority Jewels received bids for 52,01,100 shares as against 32,02,500 shares on offer, according to stock exchange data at 15:30 IST on 28 August 2026. The issue was subscribed 1.62 times. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 190 and 200 per share. An investor can bid for a minimum of 75 equity shares and multiples thereof. EDS Software Solution received bids for 2,12,93,860 shares as against 1,23,52,942 shares on offer, according to stock exchange data at 15:30 IST on 28 August 2026. The issue was subscribed 1.72 times. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 408 and 429 per share. An investor can bid for a minimum of 34equity shares and multiples thereof. Buzzing Index: The Nifty IT index jumped 3.51% to 31,281.70. The index declined 1.79% in the past two trading sessions Coforge (up 5.95%), LTM (up 4.97%), Tata Consultancy Services (up 4.16%), Persistent Systems (up 3.73%) and Tech Mahindra (up 3.12%) were the top gainers. Among the other gainers were Infosys (up 2.9%), Wipro (up 2.89%), Oracle Financial Services Software (up 2.74%), HCL Technologies (up 2.64%) and Mphasis (up 1.72%) advanced. Stocks in Spotlight: Tejas Networks jumped 7.47% and Tata Consultancy Services (TCS) gained 4.09% after Tejas Networks received a Letter of Intent (LoI) from TCS for supplying equipment for Bharat Sanchar Nigams (BSNL) 4G mobile network. Great Eastern Shipping Company advanced 1.81% after the companys board approved a share buyback of up to Rs 900 crore through the open market route at a maximum price of Rs 1,530 per equity share. Under the buyback, the company will purchase up to 58,82,352 fully paid-up equity shares of face value Rs 10 each, representing up to 4.12% of the companys total paid-up equity share capital as on 27 August 2026. RailTel Corporation of India shed 0.14%. The company announced that it has secured a work order worth Rs 38.59 crore from the Cotton Corporation of India (CCI) for cloud data centre services. Ather Energy surged 9.29% and Hero MotoCorp rose 1.52% after Hero MotoCorp's board approved the purchase of additional shares in Ather Energy. Hero MotoCorp currently holds 29.88% of Ather on a fully diluted basis. Following the purchase, its stake will increase to up to around 32.8%. The transaction will be completed by 3 September 2026. Hero MotoCorp will pay cash consideration of up to Rs 1,758 crore for the additional shares. Yatharth Hospital & Trauma Care Services shed 0.85%. As per media reports, Advent International and Blackstone-backed Aster DM Quality Care were in discussions to acquire a controlling stake in the hospital chain. Wipro jumped 2.89% after the company announced an expansion of its partnership with Google Cloud to accelerate enterprise-wide adoption of Gemini Enterprise and agentic artificial intelligence (AI). Global Markets: European equities climbed while Asian stocks ended higher, with technology shares spearheading gains following Nvidias strong results and upbeat outlook. Meanwhile, inflation in Tokyo, a leading indicator of nationwide price trends, remained close to the Bank of Japan's 2% target in August. Core consumer prices, which exclude volatile fresh food prices, rose 1.8% year-on-year, up slightly from 1.7% in July and broadly in line with expectations. A measure excluding both fresh food and fuel was around 2%, keeping attention on the Bank of Japan's monetary policy outlook. All three major US indices closed higher on Thursday, led by a sharp rally in technology stocks following Nvidia's results and upbeat revenue outlook. The Dow Jones Industrial Average rose 0.20% to 53,569.00, while the S&P 500 gained 0.72% to 7,730.99 and the Nasdaq Composite advanced 1.57% to 26,541.00. Nvidia surged 8.7% after its strong results and forecast reinforced expectations of sustained demand for AI infrastructure. Salesforce jumped 22.6%, while CrowdStrike gained 20.5%, adding to the technology-led rally. US initial jobless claims fell by 4,000 to 203,000 in the week ended August 22, compared with economists' expectations of 208,000, signalling continued resilience in the labour market. The data could reinforce the case for the Federal Reserve to remain cautious on rate cuts, particularly as inflation remains above its 2% target. Separately, the US goods trade deficit widened sharply to $118.8 billion in July from the previous month, the widest gap since March 2025. Exports fell 2.9%, while imports rose 3.7%, with strong imports of capital goods linked to artificial intelligence investment contributing to the increase. The wider trade deficit could weigh on third-quarter economic growth. Crude oil prices rose on Thursday after a media report said the Trump administration was not interested in returning to the terms of a June memorandum of understanding with Iran, raising doubts over efforts to ease supply disruptions around the Strait of Hormuz. Attention now shifts to Warsh, who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. Investors will closely parse his comments for clues on the Fed's approach to inflation and interest rates, particularly as inflation remains above the central bank's 2% target and longer-term Treasury yields remain elevated. First Published: Aug 28 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 4:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 28 August 2026 First Published: Aug 28 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RNIT AI Solutions has entered into a Master Development Services Agreement with 1FC Technology (1FC) for the design, development, integration, testing and deployment of technology solutions forming part of the 1FC digital financial ecosystem, comprising the 1FCode financial and wealth technology solution and the 1FC Insure insurance technology solution. The engagement represents RNIT's strategic entry into the FinTech, WealthTech and InsurTech domains and extends the Company's Artificial Intelligence, digital identity, software engineering, analytics and systems-integration capabilities into the BFSI technology ecosystem. First Published: Aug 28 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kabra ExtrusionTechnik under its brand name GEON is set to commence production of high voltage Battery Packs for Four-Wheeler Passenger cars at its Pune manufacturing facility in the month of September 2026. The commencement of production marks an important milestone in the Company's efforts to expand its product portfolio in the new energy space and strengthen its presence in the growing electric mobility and energy storage segment. The Company is strategically focusing on opportunities emerging from the increasing adoption of electric vehicles and the evolving requirements of the passenger vehicle industry. First Published: Aug 28 2026 | 3:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
World running short of Crude oil refined products says Mirae Asset First Published: Aug 28 2026 | 3:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market participants remained focused on the upcoming speech by Kevin Warsh, who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for indications of the US central banks monetary policy outlook. Consumer durables shares declined after advancing in the past trading session. At 14:25 IST, the barometer index, the S&P BSE Sensex advanced 185.61 points or 0.23% to 77,115.92. The Nifty 50 index rose 24 points or 0.01% to 24,115.30. The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.17% and the BSE 250 SmallCap Index added 0.34%. The market breadth was positive. On the BSE, 2,175 shares rose and 2,026 shares fell. A total of 271 shares were unchanged. Buzzing Index: The Nifty Consumer Durables index declined 0.59% to 40,497.85. The index rose 0.72% in the past trading session. Whirlpool of India (down 3.3%), Kalyan Jewellers India (down 2.15%), Havells India (down 1.95%), Crompton Greaves Consumer Electricals (down 1.93%), PG Electroplast (down 1.69%), Voltas (down 1.22%), Blue Star (down 1.12%), LG Electronics India (down 0.59%), Amber Enterprises India (down 0.27%) and Bata India (down 0.02%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.22% to 6.907 compared with the previous session close of 6.851. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.4100 compared with its close of 95.4550 during the previous trading session. MCX Gold futures for the 5 October 2026 settlement rose 0.10% to Rs 1,59,151. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.02% to 99.18. The United States 10-year bond yield rose 0.21% to 4.682. In the commodities market, Brent crude for the October 2026 settlement fell 80 cents or 0.89% to $88.90 a barrel. First Published: Aug 28 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Karnataka Bank has launched the Capital Gains Account Scheme (CGAS), offering customers a convenient and compliant banking solution to deposit unutilized capital gains while planning eligible reinvestments under the provisions of the Income-tax Act. The Capital Gains Account Scheme is designed for taxpayers who have earned capital gains from the transfer of eligible capital assets but are unable to complete the prescribed reinvestment within the stipulated timeframe. By depositing the eligible capital gains amount into a CGAS account within the prescribed period, customers can avail themselves of applicable tax benefits, subject to compliance with the relevant provisions of the Income-tax Act and associated regulations. First Published: Aug 28 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Precision Wires India hit fresh 52-week high in Friday's trade. First Published: Aug 28 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ola Electric share price surges 6% after new S1Z electric scooter launch First Published: Aug 28 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ola Electric share price surges 6% after new S1Z electric scooter launch First Published: Aug 28 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Just Dial locked in upper circuit; stock spikes 10% in a single session First Published: Aug 28 2026 | 1:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Recently listed MV Electrosystems surges 37% in two days. (Illustration: Binay Sinha) First Published: Aug 28 2026 | 1:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market participants remained focused on the upcoming speech by Kevin Warsh, who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for indications of the US central banks monetary policy outlook. Buying interest was seen in IT, media and pharma shares, while FMCG, auto and realty stocks lagged. At 13:25 IST, the barometer index, the S&P BSE Sensex advanced 118.93 points or 0.15% to 77,049.29. The Nifty 50 index rose 5.75 points or 0.02% to 24,096.60. The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.20% and the BSE 250 SmallCap Index jumped 0.33%. The market breadth was positive. On the BSE, 2,146 shares rose and 1,975 shares fell. A total of 277 shares were unchanged. Gainers & Losers: Tata Consultancy Services (up 4.35%), HCL Technologies (up 3.27%), Tech Mahindra (up 3.22%), Infosys (up 2.93%) and Wipro (up 2.85%) were the top gainers. Shriram Finance (down 1.32%), ICICI Bank (down 1.27%), Asian Paints (down 1.25%), Mahindra Ultratech Cement (down 1.20%) and Tata Steel (down 1.18%) were the top losers. Stocks in Spotlight: Tejas Networks jumped 8.65% and Tata Consultancy Services (TCS) gained 4.35% after Tejas Networks received a Letter of Intent (LoI) from TCS for supplying equipment for Bharat Sanchar Nigams (BSNL) 4G mobile network. Great Eastern Shipping Company advanced 1.06% after the companys board approved a share buyback of up to Rs 900 crore through the open market route at a maximum price of Rs 1,530 per equity share. Under the buyback, the company will purchase up to 58,82,352 fully paid-up equity shares of face value Rs 10 each, representing up to 4.12% of the companys total paid-up equity share capital as on 27 August 2026. RailTel Corporation of India shed 0.05%. The company announced that it has secured a work order worth Rs 38.59 crore from the Cotton Corporation of India (CCI) for cloud data centre services. Ather Energy surged 8.84% and Hero MotoCorp rose 1.52% after Hero MotoCorp's board approved the purchase of additional shares in Ather Energy. Hero MotoCorp currently holds 29.88% of Ather on a fully diluted basis. Following the purchase, its stake will increase to up to around 32.8%. The transaction will be completed by 3 September 2026. Hero MotoCorp will pay cash consideration of up to Rs 1,758 crore for the additional shares. Yatharth Hospital & Trauma Care Services rose 1.15% after a report said Advent International and Blackstone-backed Aster DM Quality Care were in discussions to acquire a controlling stake in the hospital chain. Wipro rose 2.43% after the company announced an expansion of its partnership with Google Cloud to accelerate enterprise-wide adoption of Gemini Enterprise and agentic artificial intelligence (AI). Global Markets: European equities climbed alongside Asian stocks, with technology shares spearheading gains following Nvidias strong results and upbeat outlook. Meanwhile, inflation in Tokyo, a leading indicator of nationwide price trends, remained close to the Bank of Japan's 2% target in August. Core consumer prices, which exclude volatile fresh food prices, rose 1.8% year-on-year, up slightly from 1.7% in July and broadly in line with expectations. A measure excluding both fresh food and fuel was around 2%, keeping attention on the Bank of Japan's monetary policy outlook. All three major US indices closed higher on Thursday, led by a sharp rally in technology stocks following Nvidia's results and upbeat revenue outlook. The Dow Jones Industrial Average rose 0.20% to 53,569.00, while the S&P 500 gained 0.72% to 7,730.99 and the Nasdaq Composite advanced 1.57% to 26,541.00. Nvidia surged 8.7% after its strong results and forecast reinforced expectations of sustained demand for AI infrastructure. Salesforce jumped 22.6%, while CrowdStrike gained 20.5%, adding to the technology-led rally. US initial jobless claims fell by 4,000 to 203,000 in the week ended August 22, compared with economists' expectations of 208,000, signalling continued resilience in the labour market. The data could reinforce the case for the Federal Reserve to remain cautious on rate cuts, particularly as inflation remains above its 2% target. Separately, the US goods trade deficit widened sharply to $118.8 billion in July from the previous month, the widest gap since March 2025. Exports fell 2.9%, while imports rose 3.7%, with strong imports of capital goods linked to artificial intelligence investment contributing to the increase. The wider trade deficit could weigh on third-quarter economic growth. Crude oil prices rose on Thursday after a media report said the Trump administration was not interested in returning to the terms of a June memorandum of understanding with Iran, raising doubts over efforts to ease supply disruptions around the Strait of Hormuz. Brent crude settled 2.1% higher at $89.70 a barrel. Oil prices, however, eased in early Asian trading on Friday. Attention now shifts to Warsh, who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. Investors will closely parse his comments for clues on the Fed's approach to inflation and interest rates, particularly as inflation remains above the central bank's 2% target and longer-term Treasury yields remain elevated. First Published: Aug 28 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's markets regulator is considering applying some rules designed for large companies to public offers by smaller businesses, including a quota for institutional investors ahead of share sales, two sources with direct knowledge of the matter said. The regulator is also mulling raising the limit on the size of companies that can list on platforms dedicated to small firms and mandating larger operating profit requirements before listing, the ?sources, who did not want to be named as the discussions are private, said. The potential change in rules comes after regulatory warnings about small businesses diverting funds raised from public markets and an investigation into investment banks extracting unusually high fees and juicing subscription numbers. They also echo regional trends as Hong Kong's exchange questions the need for a junior market. In India, small businesses with paid-up capital of up to ?100 crore ($10.5 million) cab list on separate sections of the BSE and National Stock Exchange of India. These have fewer disclosure requirements and offerings are vetted by the exchanges as opposed to large IPOs which have to be cleared by the Securities and Exchange Board of India. An email query sent to Sebi was not answered. Earlier this month, Sebi chief Tuhin Kanta Pandey had said that the small business listing platform rules were ?being reviewed. Going forward, up to 50 per cent of small companies' share issues could be reserved for qualified institutional buyers, the sources said, with 35 per cent kept aside for retail investors and 15 per cent for non-institutional investors, similar to the case with mainboard companies. As much as 60 per cent of the qualified institutional portion could be kept aside for anchor investors who commit capital before an offering opens more broadly, they added. Firms can list on the platforms if they have reported an average profit of at least ?30 million ($313,938) over the past three years, as per another proposal, higher than the current threshold of ?1,000 crore in at least two of the past three years, the sources said. Moreover, the post issue capital requirement could be replaced by post issue market capitalisation of ?1,000 crore to ?4,000 crore, the sources said. Details of plans on increasing institutional participation in SME IPOs have not been reported previously. An offer-for-sale framework to allow existing investors to exit during the public offer is also being considered, one of the sources said, in ?a move that could shorten the lock-in for pre-IPO shareholders to six months from one year. India is considering allowing trading in single shares ?against the current requirement of ?200,000, one of the sources said. Small firms raised $1.2 billion through more than 250 offerings last year and have added less than half that amount through about 100 offerings so far in 2026. Large companies ?have raised about 17 times that amount this year. Kosturi Ghosh, a partner at Trilegal, says that expanding the platform's scope could create fresh risks. "The segment has not exactly been the poster child for governance. Allowing a larger-size company to choose between the SME ?segment and the main board to play the regulatory arbitrage is a dangerous proposition." (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 1:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From Acuite Ratings and Research First Published: Aug 28 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The market capitalisation of Manipal Hospitals topped ?1 trillion-mark on Friday. First Published: Aug 28 2026 | 1:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The market capitalisation of Manipal Hospitals topped ?1 trillion-mark on Friday. First Published: Aug 28 2026 | 1:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Krathi Bathini of Wealthmills Securities said that the merger ratio will be extremely crucial in determining the attractiveness of the deal. First Published: Aug 28 2026 | 1:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 28 2026 | 1:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wipro rose 2.36% to Rs 180.56 after the company announced an expansion of its partnership with Google Cloud to accelerate enterprise-wide adoption of Gemini Enterprise and agentic artificial intelligence (AI). Wipro has also launched the LIFT (Launch-Ignite-Flywheel-Transform) framework to help enterprises accelerate AI transformation and deploy agentic AI at scale. The framework integrates Gemini Enterprise with Wipro's AI-powered delivery platforms, WINGS and WEGA. The company said the unified ecosystem is designed to help organisations move from basic task automation to deploying secure, autonomous AI agents across multi-step business workflows. Wipro is building a dedicated team of more than 1,500 certified Forward Deployed Engineers. The team will combine Google Cloud's expertise with Wipro's consulting and engineering capabilities to support enterprise-wide AI adoption. The company said it has deployed Gemini Enterprise as its central agentic orchestration platform under its "Operate Better with AI" strategy and "Client Zero" approach. Wipro said Gemini's reasoning and long-context capabilities have enabled it to build autonomous AI agents for workflows across compliance, human resources and sales intelligence. Wipro has also integrated Antigravity Command Line Interface into its software engineering ecosystem. The tool supports developers with planning, coding, testing and application modernisation. Wipro said the transition has resulted in productivity improvements in custom application development and reductions in post-production defects. Wipro is an AI-powered technology services and consulting company that provides digital transformation, consulting and technology services to enterprises globally. For Q1 FY27, Wipro reported revenue of Rs 24,479 crore, up 10.6% year-on-year and 1% sequentially. Net profit rose 0.6% YoY but declined 4.7% QoQ to Rs 3,356 crore. IT services revenue stood at $2.615 billion, rising 0.9% YoY in constant currency terms but declining 1.2% QoQ. Wipro expects IT services revenue of $2.574 billion to $2.627 billion in Q2 FY27, implying a sequential constant-currency change of -1.5% to +0.5%. First Published: Aug 28 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 1:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dollar index is holding near a one-week high on Friday as investors cautiously awaited Federal Reserve Chair Kevin Warshs speech at the annual Jackson Hole symposium later in the global day for clues about the outlook for US interest rates. DXY is holding above 99 mark on higher than expected inflation levels. Recent July PCE inflation metrics arrived higher than anticipated at 3.7% on year, fueling bets of an additional interest rate hike by December. Escalating economic sanctions aimed at isolating Iran's banking and trade networks have also sparked defensive safe-haven demand for the US currency. Stronger upside for the DXY is however constrained by Treasury Secretary Scott Bessent's aggressive expansion of long-dated government bond buybacks. First Published: Aug 28 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market participants remained focused on the upcoming speech by Kevin Warsh, who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for indications of the US central banks monetary policy outlook. FMCG shares extended losses for the third consecutive trading session. At 11:25 IST, the barometer index, the S&P BSE Sensex, added 102.78 points or 0.13% to 77,036.37. The Nifty 50 index shed 2.06 points or 0.01% to 24,089.05. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.10% and the BSE 250 SmallCap Index added 0.30%. The market breadth was positive. On the BSE, 2,133 shares rose and 1,892 shares fell. A total of 268 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.60% to 11. The Nifty 29 September 2026 futures were trading at 24,270.20, at a premium of 181.15 points as compared with the spot at 24,089.05. The Nifty option chain for the 29 Spetmber 2026 expiry showed a maximum call OI of 60.1 lakh contracts at the 25,000 strike price. A maximum put OI of 57.9 lakh contracts was seen at the 24,000 strike price. Buzzing Index: The Nifty FMCG index declined 0.62% to 46,740.05. The index fell 2.02% in three consecutive trading sessions. Tata Consumer Products (down 0.91%), ITC (down 0.87%), Godrej Consumer Products (down 0.79%), United Breweries (down 0.79%), Colgate-Palmolive (India) (down 0.71%), Nestle India (down 0.66%), United Spirits (down 0.61%), Marico (down 0.49%), Patanjali Foods (down 0.43%) and Emami (down 0.41%) declined. Stocks in Spotlight: Tejas Networks surged 9.11% after the company received a Letter of Intent (LoI) from Tata Consultancy Services (TCS) for the supply of equipment for BSNL's 4G mobile network. RailTel Corporation of India rose 0.13%. The company announced that it has secured a work order worth Rs 38.59 crore from the Cotton Corporation of India (CCI) for cloud data centre services. First Published: Aug 28 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ICICI Bank , acting through its IFSC Banking Unit, has today completed the issuance of USD 1 billion Senior Unsecured Fixed Rate Notes (Notes) under the USD 7.5 billion Global Medium Term Note Programme of the Bank. The Notes are rated BBB by S&P Global Ratings and Baa3 by Moody's Ratings. The Notes will be listed at Global Securities Market of the India International Exchange IFSC, Debt Securities Market of the NSE IFSC and SGX-ST. First Published: Aug 28 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Priority Jewels IPO: Retail portion booked 1.4x on day 1 so far; GMP at 18% First Published: Aug 28 2026 | 12:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Great Eastern Shipping Company advanced 1.57% to Rs 1,337 after the company's board approved a share buyback of up to Rs 900 crore through the open market route at a maximum price of Rs 1,530 per equity share. The company said the maximum buyback size represents 7.19% and 6.34% of the aggregate of its fully paid-up equity share capital and free reserves based on the latest audited standalone and consolidated financial statements as on 31 March 2026, respectively. The company will utilise at least 75% of the maximum buyback size, or Rs 675 crore, for the buyback. Based on the minimum buyback size and the maximum buyback price, the company will purchase an indicative minimum of 44,11,764 equity shares. As of 30 June 2026, the promoters held a 30.07% stake in the company. The post-buyback shareholding will depend on the actual number of shares repurchased. Based on the indicative maximum buyback, the promoters shareholding is expected to increase to approximately 31.37%. Great Eastern Shipping Company (GE Shipping), along with its subsidiaries is a major player in the Indian shipping and oil drilling services industry. The company posted a consolidated net profit of Rs 1,308.84 crore in Q1 FY27, registering a 159.43% year-on-year (YoY) increase from the corresponding quarter last year. Revenue from operations surged 66.91% YoY to Rs 2,005.36 crore. First Published: Aug 28 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Xtranet Technologies Ltd, Exxaro Tiles Ltd, Sunshine Pictures Ltd and InfoBeans Technologies Ltd are among the other gainers in the BSE's 'B' group today, 28 August 2026. Xtranet Technologies Ltd, Exxaro Tiles Ltd, Sunshine Pictures Ltd and InfoBeans Technologies Ltd are among the other gainers in the BSE's 'B' group today, 28 August 2026. Next Mediaworks Ltd surged 20.00% to Rs 4.5 at 28-Aug-2026 EOD IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 37222 shares were traded on the counter so far as against the average daily volumes of 2830 shares in the past one month. Xtranet Technologies Ltd spiked 19.99% to Rs 197.75. The stock was the second biggest gainer in 'B' group. On the BSE, 10.07 lakh shares were traded on the counter so far as against the average daily volumes of 1.63 lakh shares in the past one month. Exxaro Tiles Ltd soared 19.94% to Rs 7.4. The stock was the third biggest gainer in 'B' group. On the BSE, 3.64 lakh shares were traded on the counter so far as against the average daily volumes of 24739 shares in the past one month. Sunshine Pictures Ltd exploded 16.39% to Rs 428.1. The stock was the fourth biggest gainer in 'B' group. On the BSE, 5.19 lakh shares were traded on the counter so far as against the average daily volumes of 6.01 lakh shares in the past one month. InfoBeans Technologies Ltd added 14.82% to Rs 177.85. The stock was the fifth biggest gainer in 'B' group. On the BSE, 2.05 lakh shares were traded on the counter so far as against the average daily volumes of 17524 shares in the past one month. First Published: Aug 28 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With effect from 27 January 2027 Peyman will succeed K. N. Radhakrishnan, who will continue in his role until then to ensure a seamless transition. Following the transition, Radhakrishnan will serve as Non-Executive Director up to the date of the ensuing AGM scheduled in July 2027. He has been a tremendous leader and played a pivotal role in the growth of TVS Motor Company. First Published: Aug 28 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajaya Kumar Mohanty First Published: Aug 28 2026 | 12:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold outlook hinges on Warsh speech as hawkish Fed stance may weigh First Published: Aug 28 2026 | 12:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Just Dial Ltd, Tejas Networks Ltd, Ather Energy Ltd and Tata Teleservices (Maharashtra) Ltd are among the other gainers in the BSE's 'A' group today, 28 August 2026. Just Dial Ltd, Tejas Networks Ltd, Ather Energy Ltd and Tata Teleservices (Maharashtra) Ltd are among the other gainers in the BSE's 'A' group today, 28 August 2026. Mastek Ltd soared 13.12% to Rs 1824 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 63832 shares were traded on the counter so far as against the average daily volumes of 4846 shares in the past one month. Just Dial Ltd spiked 10.00% to Rs 704.65. The stock was the second biggest gainer in 'A' group. On the BSE, 84397 shares were traded on the counter so far as against the average daily volumes of 12321 shares in the past one month. Tejas Networks Ltd surged 9.27% to Rs 558.2. The stock was the third biggest gainer in 'A' group. On the BSE, 24.32 lakh shares were traded on the counter so far as against the average daily volumes of 75356 shares in the past one month. Ather Energy Ltd gained 8.75% to Rs 1604. The stock was the fourth biggest gainer in 'A' group. On the BSE, 7.08 lakh shares were traded on the counter so far as against the average daily volumes of 3.54 lakh shares in the past one month. Tata Teleservices (Maharashtra) Ltd rose 6.85% to Rs 39. The stock was the fifth biggest gainer in 'A' group. On the BSE, 22.85 lakh shares were traded on the counter so far as against the average daily volumes of 1.87 lakh shares in the past one month. First Published: Aug 28 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ola Electric Mobility today announced the launch of the all-new S1Z, the first scooter range in India to bring the company's indigenously developed Bharat Cell LFP technology to the mass market. The S1Z brings Ola's indigenous 46 series LFP cell platform technology, developed at its Battery Innovation Centre and manufactured at the Ola Gigafactory, to its most accessible scooter range, for the country's largest EV buying segment. The S1Z has been designed around a simple belief that customers in the value segment should never have to compromise on technology, safety or performance. With the introduction of indigenous LFP chemistry, Ola is redefining expectations of what an accessible electric scooter can offer while advancing its vision of building India's EV ecosystem from the cell upwards. Available in 3.1 kWh and 5.1 kWh variants, at an introductory pricing of ?79,999 and ?99,999 (ex showroom), respectively, the S1Z demonstrates how Ola's vertically integrated EV ecosystem is translating into tangible customer value. The 3.1 kWh and 5.1 kWh variants can deliver a range of up to 179 kms and 301 kms respectively (IDC). By developing and manufacturing its Bharat Cell LFP technology in-house, Ola Electric has been able to significantly lower battery coststhe single largest cost component of an electric vehicle, making next generation battery technology accessible at mass-market price points. The S1Z is the first proof of this strategy, bringing safer, longer-lasting LFP chemistry to millions of Indian riders without compromising on affordability. The S1Z will be offered in four colours: White, Anthracite, Sky Splash Blue and Matcha Green and rides on 12-inch wheels across all variants. Deliveries of the 3.1 kWh variant are scheduled to begin in December 2026, while the 5.1 kWh variant will commence deliveries from March 2027. First Published: Aug 28 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The first 'Kanda Express', a dedicated rail rake, carrying about 453.65 tonnes of onion from Nashik in Maharashtra arrived in Delhi on Friday, as part of the government's efforts to boost supplies in the national capital and nearby cities and rein in prices. "The first Kanda Express, carrying 453.65 tonnes of onion in 21 wagons, reached the national capital in the morning," Consumer Affairs Secretary Nidhi Khare told PTI. The onion, stored at Nashik, will be sold at a subsidised rate of ?35 per kg in Delhi-NCR. Some of the stock will also be sent to nearby cities such as Chandigarh, Ludhiana and Jammu, she said. The Centre currently holds about 1.21 lakh tonnes of onion as buffer stock under the Price Stabilisation Fund. Khare said a Kanda Express rake bound for Chennai would be loaded on Friday, followed by rakes for three other destinations -- Madurai, Ernakulam and Guwahati -- one after another. The impact of the buffer stock release is expected to bring down retail onion prices in Delhi within a week, she added. Retail onion prices in the capital rose 88 per cent to ?62 per kg on Thursday, up from ?33 per kg a year earlier, according to data from the Consumer Affairs Ministry. The all-India average retail price stood at ?46.58 per kg, while the wholesale rate was ?38.29 per kg on the same day. Despite the spike in prices, Khare said onion availability remains comfortable to meet domestic demand in the coming months, supported by an estimated production of 307.37 lakh tonnes in 2025-26, broadly on par with 307.67 lakh tonnes produced the previous year. The Kanda Express initiative, launched in 2024-25 to improve logistical efficiency for large-scale onion movement, has been scaled up significantly. In 2024-25, 14 railway rakes carrying nearly 12,000 tonnes of onion buffer stock were dispatched to five cities. In 2025-26, this expanded sharply to 86 rakes carrying about 88,000 tonnes of onions to 16 major cities across the country. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 11:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tejas Networks jumped 8.49% to Rs 554.20 after the company received a Letter of Intent (LoI) from Tata Consultancy Services (TCS) for the supply of equipment for BSNL's 4G mobile network. The order is valued at Rs 1,537 crore. Tejas Networks said TCS will issue the detailed purchase order to the company in due course. Tejas Networks is a telecommunications equipment and solutions provider. It designs and manufactures products for broadband, optical, wireless and other telecom networks. Tejas Networks is part of the Tata Group, with Panatone Finvest, a subsidiary of Tata Sons, as its majority shareholder. The company reported a consolidated net loss of Rs 202.24 crore in Q1 FY27, compared with a net loss of Rs 193.87 crore posted in Q1 FY26. Total revenue from operations jumped 99.10% to Rs 402.16 crore in Q1 FY27 as against Rs 201.98 crore recorded in the corresponding quarter of the previous year. The company's order book stood at Rs 1,529 crore at the end of Q1 FY27. Net debt stood at Rs 4,277 crore, comprising gross debt of Rs 4,866 crore and cash of Rs 589 crore. First Published: Aug 28 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ESDS Software Solution IPO booked over 50% in an hour; GMP at 76% First Published: Aug 28 2026 | 11:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 11:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 11:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Escorts Kubota Ltd clocked volume of 1.02 lakh shares by 10:45 IST on BSE, a 44.66 times surge over two-week average daily volume of 2283 shares Tejas Networks Ltd, Premier Energies Ltd, Capri Global Capital Ltd, Computer Age Management Services Ltd are among the other stocks to see a surge in volumes on BSE today, 28 August 2026. Escorts Kubota Ltd clocked volume of 1.02 lakh shares by 10:45 IST on BSE, a 44.66 times surge over two-week average daily volume of 2283 shares. The stock gained 1.70% to Rs.3,025.00. Volumes stood at 3790 shares in the last session. Tejas Networks Ltd witnessed volume of 21.07 lakh shares by 10:45 IST on BSE, a 40.46 times surge over two-week average daily volume of 52075 shares. The stock increased 9.56% to Rs.559.70. Volumes stood at 50699 shares in the last session. Premier Energies Ltd registered volume of 22.16 lakh shares by 10:45 IST on BSE, a 30.8 fold spurt over two-week average daily volume of 71950 shares. The stock slipped 0.73% to Rs.996.55. Volumes stood at 91687 shares in the last session. Capri Global Capital Ltd clocked volume of 71.54 lakh shares by 10:45 IST on BSE, a 21.8 times surge over two-week average daily volume of 3.28 lakh shares. The stock gained 4.82% to Rs.256.50. Volumes stood at 2.94 lakh shares in the last session. Computer Age Management Services Ltd witnessed volume of 12.53 lakh shares by 10:45 IST on BSE, a 13.9 times surge over two-week average daily volume of 90148 shares. The stock increased 0.91% to Rs.748.75. Volumes stood at 56952 shares in the last session. First Published: Aug 28 2026 | 11:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tempsens Instruments (India) traded at Rs 591.70 on the BSE, a 97.23% premium to the issue price of Rs 300. The counter hit a high of Rs 635 and a low of Rs 582.05. About 27.01 lakh shares of the company changed hands at the counter. Tempsens Instruments (India)'s IPO was subscribed 184.07 times. The issue opened for bidding on 20 August 2026 and closed on 24 August 2026. The price band was fixed at Rs 285 to Rs 300 per share. The IPO comprised a fresh issue of equity shares with a face value of Rs 4 each, aggregating up to Rs 95 crore, and an offer for sale of up to 18,500,000 equity shares, also having a face value of Rs 4 each. The company plans to use Rs 18.134 crore of the net proceeds to fund capital expenditure for its electrical heating solutions and specialised cable solutions businesses. It will use another Rs 55 crore to prepay certain borrowings, with the remaining proceeds earmarked for general corporate purposes. Ahead of the IPO, Temsens Instruments (India) on 19 August 2026, raised Rs 194.54 crore from anchor investors. The board allotted 64.84 crore shares at Rs 300 each to 29 anchor investors. Tempsens Instruments (India) is a thermal engineering and specialised cable manufacturer offering customised temperature sensing, electrical heating and specialised cable solutions. Its products cater to industries including power, steel, oil and gas, cement, chemicals, automotive, defence and space, as well as OEMs in green energy, aerospace and advanced technology sectors. In FY26, temperature sensing solutions contributed 44.59% of revenue, followed by specialised cables at 34.71% and electrical heating solutions at 20.70%, while projects/OEM business accounted for 67.55% and MRO for 32.45%. Its revenue was also diversified across end-user industries, with petrochemicals contributing 21.45%, metals 19.68% and power 12.27%, reducing dependence on any single sector. The firm reported a consolidated net profit of Rs 71.07 crore and sales of Rs 444.88 crore for the twelve months ended on 31 March 2026. First Published: Aug 28 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RailTel Corporation of India announced that it has secured a work order worth Rs 38.59 crore from the Cotton Corporation of India (CCI) for cloud data centre services. The contract, valued at Rs 38,59,27,045, is scheduled to be executed by 14 October 2032. RailTel Corporation of India was incorporated in 2000 to create a nationwide broadband, VPN, telecom and multimedia network, modernising the train control operations and safety systems of Indian Railways. It is a Navratna public sector undertaking (PSU) under the Government of India. RailTel's network currently passes through around 6,000 railway stations across the country, covering all major commercial centres. The companys standalone net profit marginally declined 0.48% to Rs 65.78 crore in Q1 FY27, compared with Rs 66.10 crore in Q1 FY26. Revenue from operations rose 20.09% to Rs 893.27 crore in Q1 FY27 from Rs 743.83 crore in the corresponding quarter last year. The counter rose 0.59% to Rs 280.65 on the BSE. First Published: Aug 28 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ather Energy surged 4.83% to Rs 1,567.50 and Hero MotoCorp rose 1.05% to Rs 5,608.50 after Hero MotoCorp's board approved the purchase of additional shares in Ather Energy. Hero MotoCorp currently holds 29.88% of Ather on a fully diluted basis. Following the purchase, its stake will increase to up to around 32.8%. The transaction will be completed by 3 September 2026. Hero MotoCorp will pay cash consideration of up to Rs 1,758 crore for the additional shares. The company said no government or regulatory approvals are required for the transaction. It also said the purchase does not fall under related party transactions. Ather was incorporated in India on 21 October 2013. It is engaged in designing, manufacturing, selling and servicing electric two-wheelers. It also operates charging infrastructure and provides services related to storage, distribution and management of electric power, including battery energy. The company has a presence across the country. Ather reported turnover of Rs 3,671.76 crore for FY26, up from Rs 2,255 crore in FY25 and Rs 1,753.8 crore in FY24. On a consolidated basis, Ather's net loss narrowed to Rs 51.09 crore in Q1 FY27 from Rs 178.23 crore in Q1 FY26 and Rs 100.23 crore in Q4 FY26. Revenue from operations surged 88.8% YoY and 3.6% QoQ to Rs 1,216.92 crore in the quarter ended 30 June 2026. Adjusted gross margin stood at Rs 282 crore, up 82.3% YoY, although the adjusted gross margin percentage moderated to 22% from 23% a year ago. The company reported positive EBITDA of Rs 9.45 crore in Q1 FY27 against an EBITDA loss of Rs 105.97 crore in Q1 FY26. EBITDA margin improved to 1% from a negative 16% last year. First Published: Aug 28 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 10:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 10:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Midcap stocks: Kotak Securities flags breakout in Meesho, Jubilant FoodWorks and PolicyBazaar. First Published: Aug 28 2026 | 10:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee pared initial gains and settled for the day lower by 1 paise at 95.45 against the US dollar on Thursday The rupee fell 10 paise to 95.55 against the US dollar in early trade on Friday, weighed by FII outflows and sustained disruptions in global crude oil supplies. However, a marginally weaker greenback and a fall in global crude oil prices to levels below USD 90/barrel prevented a sharper decline in the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 95.54 against the greenback before slipping further to 95.55, down 10 paise from its previous close. The rupee pared initial gains and settled for the day lower by 1 paise at 95.45 against the US dollar on Thursday. "The rupee is expected to be in a narrow range of 95.40 to 95.60 (on Friday) with the Reserve Bank of India (RBI) protecting the upper end, while the lower end is bought by oil importers, month-end demand and importers," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. Forex traders further said market participants will closely monitor US Fed Chair Kevin Warsh's speech at the Jackson Hole Symposium. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.14, lower by 0.01 per cent. Brent crude, the global oil benchmark, was trading lower by 0.48 per cent at $at 89.27 per barrel in futures trade. On the domestic market front, Sensex rose 245.56 points to 77,191.80 in early trade while the Nifty was up 54.20 points to 24,147.50. Foreign institutional investors offloaded equities worth ?298.26 crore on a net basis on Thursday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 10:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee fell 10 paise to 95.55 against the US dollar in early trade on Friday, weighed by FII outflows and sustained disruptions in global crude oil supplies. However, a marginally weaker greenback and a fall in global crude oil prices to levels below USD 90/barrel prevented a sharper decline in the local unit. At the interbank foreign exchange, the rupee opened at 95.54 against the greenback before slipping further to 95.55, down 10 paise from its previous close. Meanwhile, local equities opened on a positive note on Friday after two straight sessions of losses, supporting gains in the local unit. Underlying sentiment was helped by expectations that talks between Iran and Qatar might open the Strait of Hormuz and reduce supply disruptions from the Middle East war. The BSE SENSEX was up 309.46 points (+0.40%) at 77,243.05 and the NSE NIFTY 50 was up 59.30 points (+0.25%) at 24,150.15. First Published: Aug 28 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At its flagship facility at Alwarpet, Chennai First Published: Aug 28 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The current order is more than Tejas Network's order book at end of the June quarter (Q1 FY27) at ?1,529 crore. First Published: Aug 28 2026 | 10:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Block deal: Ather Energy jumps 7% as Hero MotoCorp ups stake to 32.8% First Published: Aug 28 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FPIs are buying India again. Here’s where PL Wealth wants investors to bet Illustration: Ajaya Mohanty First Published: Aug 28 2026 | 10:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Yatharth Hospital & Trauma Care Services rose 5% to Rs 1,021.65 after a report said Advent International and Blackstone-backed Aster DM Quality Care were in discussions to acquire a controlling stake in the hospital chain. The report said negotiations were still ongoing. There was no certainty that a transaction would materialise. Yatharth's promoters held 55.8% of the company as of June 2026. A transaction involving a controlling stake would trigger an open offer for an additional 26% of the company under takeover regulations. Depending on the response to the open offer, the acquirer could eventually hold more than 75% of Yatharth. For Aster DM Quality Care, a potential acquisition would strengthen its presence in North and Central India. Aster has been pursuing both organic and inorganic expansion. It has also set an ambition to become India's largest listed hospital company within three to four years. Yatharth Hospital and Trauma Care Services is a leading private multispecialty hospital chain in North India. It has over 2,500 beds across its expanding hospital network, with an overall announced capacity of around 3,250 beds. The group operates hospitals across key regions, including Noida, Greater Noida, Noida Extension, Greater Faridabad, New Delhi, Gurugram and Jhansi-Orchha in Madhya Pradesh. It is also expanding its presence in Agra. For Q1 FY27, Yatharth reported a 51% year-on-year increase in consolidated revenue to Rs 392.70 crore. PAT rose 8% YoY to Rs 45.4 crore. EBITDA reaches at record Rs 91.7 crore, up 39% YoY and 15% QoQ. EBITDA margin (adjusted for ramp up losses) stood strong at 28.1%. Average revenue per occupied bed rose 7% year-on-year to Rs 34,758. On the earnings call, whole-time director Yatharth Tyagi said the company grew 37% in FY26. He expects the company to easily surpass that growth in FY27. He also said Yatharth was on track to achieve an EBITDA margin of more than 24% in FY27. Average revenue per occupied bed is expected to grow 9-10% in FY27. First Published: Aug 28 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold, gold prices, Jefferies First Published: Aug 28 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GAIL (India) Ltd has lost 1.94% over last one month compared to 0.37% fall in BSE Oil & Gas index and 0.68% drop in the SENSEX GAIL (India) Ltd fell 0.84% today to trade at Rs 171.8. The BSE Oil & Gas index is down 0.1% to quote at 26024.49. The index is down 0.37 % over last one month. Among the other constituents of the index, Indian Oil Corporation Ltd decreased 0.76% and Bharat Petroleum Corporation Ltd lost 0.72% on the day. The BSE Oil & Gas index went up 1.12 % over last one year compared to the 3.69% fall in benchmark SENSEX. GAIL (India) Ltd has lost 1.94% over last one month compared to 0.37% fall in BSE Oil & Gas index and 0.68% drop in the SENSEX. On the BSE, 6064 shares were traded in the counter so far compared with average daily volumes of 9.61 lakh shares in the past one month. The stock hit a record high of Rs 186.8 on 27 Nov 2025. The stock hit a 52-week low of Rs 134.35 on 23 Mar 2026. First Published: Aug 28 2026 | 9:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Federal Bank Ltd has lost 4.02% over last one month compared to 0.09% gain in BSE BANKEX index and 0.68% drop in the SENSEX Federal Bank Ltd gained 3.17% today to trade at Rs 344.7. The BSE BANKEX index is up 0.99% to quote at 64949.27. The index is up 0.09 % over last one month. Among the other constituents of the index, IndusInd Bank Ltd increased 2.99% and IDFC First Bank Ltd added 2.82% on the day. The BSE BANKEX index went up 8.04 % over last one year compared to the 3.69% fall in benchmark SENSEX. Federal Bank Ltd has lost 4.02% over last one month compared to 0.09% gain in BSE BANKEX index and 0.68% drop in the SENSEX. On the BSE, 2261 shares were traded in the counter so far compared with average daily volumes of 2.18 lakh shares in the past one month. The stock hit a record high of Rs 364.95 on 04 Aug 2026. The stock hit a 52-week low of Rs 188.45 on 04 Sep 2025. First Published: Aug 28 2026 | 9:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Fin, L&T Fin among MOFSL's top NBFC picks amid valuation upside First Published: Aug 28 2026 | 9:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Acutaas Chemicals announced that Indichem Inc., its step-down subsidiary in South Korea, has inaugurated its semiconductor chemicals manufacturing plant at Gongju, Chungcheongnam-do. Speaking on the occasion, Naresh Patel, Chairman & Managing Director, Acutaas Chemicals, said: We are thrilled to inaugurate the Gongju plant just eleven months after breaking ground, reflecting the exceptional discipline brought by both partners. By combining India's core strengths in complex chemical synthesis with Korea's expertise in ultra-high-purity refining, we have built a synergistic model that neither company could have executed alone. This marks a vital step in scaling our semiconductor materials business into a long-term growth engine for Acutaas. First Published: Aug 28 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 9:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Smallcaps vs largecaps: The 37%-14% earnings gap has a catch First Published: Aug 28 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty September 2026 futures were up 38 points, indicating a positive opening for the Nifty 50. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 298.26 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,977.17 crore in the Indian equity market on 27 August 2026, according to provisional data. FPIs bought shares worth Rs 17996.51 crore in August so far, through 27 August 2026. This follows net cash purchases of Rs 6,731.97 crore in July 2026, while they were net sellers of Rs 53,957.90 crore in June 2026. Global Markets: US stock futures were trading 102 points higher on Friday, signalling a positive start for Wall Street. Asian stocks were trading higher on Friday, tracking the overnight gains on Wall Street, supported by strength in technology and IT services stocks. Meanwhile, inflation in Tokyo, a leading indicator of nationwide price trends, remained close to the Bank of Japan's 2% target in August. Core consumer prices, which exclude volatile fresh food prices, rose 1.8% year-on-year, up slightly from 1.7% in July and broadly in line with expectations. A measure excluding both fresh food and fuel was around 2%, keeping attention on the Bank of Japan's monetary policy outlook. All three major US indices closed higher on Thursday, led by a sharp rally in technology stocks following Nvidia's results and upbeat revenue outlook. The Dow Jones Industrial Average rose 0.20% to 53,569.00, while the S&P 500 gained 0.72% to 7,730.99 and the Nasdaq Composite advanced 1.57% to 26,541.00. Nvidia surged 8.7% after its strong results and forecast reinforced expectations of sustained demand for AI infrastructure. Salesforce jumped 22.6%, while CrowdStrike gained 20.5%, adding to the technology-led rally. US initial jobless claims fell by 4,000 to 203,000 in the week ended August 22, compared with economists' expectations of 208,000, signalling continued resilience in the labour market. The data could reinforce the case for the Federal Reserve to remain cautious on rate cuts, particularly as inflation remains above its 2% target. Separately, the US goods trade deficit widened sharply to $118.8 billion in July from the previous month, the widest gap since March 2025. Exports fell 2.9%, while imports rose 3.7%, with strong imports of capital goods linked to artificial intelligence investment contributing to the increase. The wider trade deficit could weigh on third-quarter economic growth. Crude oil prices rose on Thursday after the media reported that the Trump administration was not interested in returning to the terms of a June memorandum of understanding with Iran, raising doubts over efforts to ease supply disruptions around the Strait of Hormuz. Brent crude settled 2.1% higher at $89.70 a barrel. Oil prices, however, eased in early Asian trading on Friday. Attention now shifts to Warsh, who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. Investors will closely parse his comments for clues on the Fed's approach to inflation and interest rates, particularly as inflation remains above the central bank's 2% target and longer-term Treasury yields remain elevated. Domestic Market: Key benchmark indices extended their losses for the second consecutive session on Thursday, with the Nifty closing below the crucial 24,100 mark as selling in heavyweight stocks dragged the benchmarks lower. Domestic sentiment was weighed down by profit booking, monthly Sensex expiry and concerns around elevated US inflation and geopolitical tensions. Oil prices eased on hopes of progress in talks that could reduce supply disruptions around the Strait of Hormuz, offering some relief, while foreign and domestic institutional investors remained net buyers on August 26. Sectorally, gains in consumer durables and pharma were offset by losses in metals and PSU banks. The S&P BSE Sensex declined 539.35 points or 0.70% to 76,933.59. The Nifty 50 index lost 116.90 points or 0.48% to 24,090.85. In two sessions, the Sensex and Nifty are down 0.93% and 1%, respectively. First Published: Aug 28 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Tempsens Instruments will list on the stock exchanges today. The IPO received bids for 279.44 crore shares as against 1.51 crore shares on offer. The issue was subscribed 184.07 times. The price band of the IPO was fixed between Rs 285 and 300 per share. Stocks to Watch: Wipro announced the expansion of its partnership with Google Cloud to accelerate the enterprise-wide adoption of Gemini Enterprise and agentic AI. Addtionally, the company is scaling its adoption of Gemini Enterprise to equip 10,000 AI-certified specialists, including 1,500 FDEs, with advanced AI capabilities NBCC (India) announced that it has received multiple work orders from various clients aggregating to Rs 134.27 crore. Hero MotoCorps board approved the purchase of additional equity shares of Ather Energy for a total consideration of Rs 1,758 crore. As of 25 August 2026, the company held a 29.88% stake in Ather Energy. Following the proposed acquisition, Hero MotoCorps stake will increase to 32.8%. Tejas Networks announced that it has received a letter of intent from Tata Consultancy Services (TCS) for the supply of RAN equipment, accessories and installation materials for BSNLs 4G mobile network covering 18,685 sites. The order is valued at Rs 1,537 crore. Adani Power announced that its wholly owned subsidiary, Chandenvalle Infra Park (CIPL), has entered into a share purchase agreement with AdaniConneX (ACPL) for the sale of its entire stake in CIPL for a total consideration of Rs 535.69 crore. Great Eastern Shippings board approved a share buyback of up to Rs 900 crore at a price of Rs 1,530 per equity share. As of 21 August 2026, the promoters held a 30.07% stake in the company. First Published: Aug 28 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In FY26, the company reported revenue from operations of ?2,652.50 crore and a net profit of ?371.08 crore First Published: Aug 28 2026 | 8:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In FY26, the company reported revenue from operations of ?2,652.50 crore and a net profit of ?371.08 crore First Published: Aug 28 2026 | 8:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Both benchmarks were poised to end the week lower, with Brent down 5.3% and WTI falling 4.3% Oil prices fell on Friday and are on track to snap a two-week winning streak, despite settling higher in the previous session following a report that US President Donald Trump is ?not interested in returning to previous deal terms with Iran. Brent crude futures were down 25 cents, or 0.3 per cent, to $89.45 a barrel by 0035 GMT. West Texas Intermediate crude futures fell 22 cents, also 0.3 per cent, to $83.31. Both benchmarks were poised to end the week lower, with Brent down 5.3 per cent and WTI falling 4.3 per cent. Citing people familiar with the matter, the Wall Street Journal report said the Trump administration has repeatedly ?told mediators it has no interest in reviving the June memorandum of understanding, complicating diplomatic efforts to restart talks. Earlier on Thursday, Washington said it was not in talks with Iran despite diplomatic efforts by other countries to re-engage the two sides. On Monday, the US announced what it called the "toughest sanctions in history" on Iran. Tehran said the sanctions were an "inhumane and hostile ?act" that had lost their effectiveness. Elsewhere, geopolitical tensions escalated after Moscow warned it could strike British military targets inside ?and outside Ukraine in response to Kyiv's attacks on Russian territory ?using British-supplied long-range cruise missiles. Trump, however, said Russian President Vladimir Putin will not attack a North Atlantic Treaty Organization (Nato) ?country, and he downplayed media reports that CIA Director John Ratcliffe this week had warned Russian officials against such an attack. Britain ?is one of the founding members of Nato. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 28 2026 | 8:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Krystal Integrated Services has received a work order worth Rs 6.60 crore from the Shree Shyam Mandir Committee, Khatu Shyamji, Rajasthan, for providing sanitation and waste management services at the temple premises. The contract is valued at Rs 6.60 crore and will be executed over a period of 12 months, commencing from 1 October 2026 and ending on 30 September 2027. Krystal Integarted Services is a well-diversified service provider in integrated facility management services, staffing solutions, security services, catering, and waste management across India. The company specializes in sectors such as healthcare, education, city infrastructure, waste management, and the manufacturing segment, including state government entities, corporate clients, municipal bodies, and other government offices; airports; railways; metro infrastructure and retail. On the financial front, the companys consolidated net profit rose 51.39% to Rs 17.41 crore in Q1 FY27 from Rs 11.50 crore in Q1 FY26. Sales increased 11.65% to Rs 360.71 crore in Q1 FY27 from Rs 323.08 crore in the corresponding quarter of the previous year. The scrip shed 0.12% to settled at Rs 650.85 on the BSE. First Published: Aug 28 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wipro announced the expansion of its partnership with Google Cloud to accelerate the enterprise-wide adoption of Gemini Enterprise and agentic AI. First Published: Aug 28 2026 | 8:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to open on a tepid note on Friday. Asian markets were mixed ahead of US Federal Reserve Chair Kevin Warsh's remarks at Jackson Hole event. First Published: Aug 28 2026 | 7:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty, Bandhan Bank: HDFC Securities' Nandish Shah recommends bear spreads First Published: Aug 28 2026 | 7:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 28 2026 | 7:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 28 2026 | 12:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Supply constraints limit growth First Published: Aug 27 2026 | 11:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's plant-based protein ingredient market is projected to double to Rs 9,000 crore in the next five years, with consumers' preference shifting from calorie-conscious food to targeted nutrition, industry body PBFIA said on Thursday. "The country is witnessing a clear shift from calorie-consciousness to nutritional consciousness, with protein emerging as a key driver of food choices. The plant-based food sector is growing at around 18 per cent annually, significantly ahead of the 7-8 per cent global growth rate, while the plant-protein ingredients market is currently valued at approximately Rs 4,500 crore and is expected to double over the next five years," PBFIA executive director Praveer Srivastava said at 'Fi India and ProPak India 2026'. However, nearly 90 per cent of plant-protein ingredients are currently imported, he said, adding that this offers a huge opportunity for domestic manufacturers. Beyond nutrition, plant-based foods can play an important role in building more sustainable food systems, particularly as India works towards its net-zero carbon emission target for 2070, he said. "With plant-based protein identified as one of the growth engines by the Ministry of Food Processing Industries, greater policy support can help build domestic capabilities and reduce import dependence. This is especially important for a capital-intensive industry, where setting up an ingredient-extraction facility with a capacity of around 10-15 tonnes per day can entail a minimum investment of Rs 200-250 crore," he said. With India's abundant raw-material base, strengthening the domestic ecosystem can drive import substitution, attract investment and eventually position the country as a global supplier of plant-based food and ingredients, he added. Prabodh Halde, Head-Technical Regulatory Affairs, Marico Ltd, and West Zone Chairman of All India Food Processors' Association (AIFPA), stated that India's food ingredients and additives market has grown into a significant domestic opportunity, currently valued at around Rs 85,000 crore, with natural ingredients, including nutraceuticals, accounting for an estimated 30-35 per cent and growing at a double-digit pace. The next phase of growth, however, must focus on greater value addition, stronger exports and closer integration across farmers, processors, research institutions and the industry, he said. Health Foods and Dietary Supplements Association (HADSA) Secretary General Kaushik Desai said, with India's abundant agricultural resources and growing domestic demand for healthier and natural products, strengthening processing and innovation capabilities can create greater value for farmers, expand exports and make food ingredients and processing an important engine of India's economic growth. "India has the potential to emerge as a global hub for health ingredients by combining Ayurveda with modern science. Achieving this will require greater collaboration across industry, regulators and research institutions, backed by scientific rigour, regulatory compliance, quality, sustainability and consumer trust," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 27 2026 | 11:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's plant-based protein ingredient market is projected to double to Rs 9,000 crore in the next five years, with consumers' preference shifting from calorie-conscious food to targeted nutrition, industry body PBFIA said on Thursday. "The country is witnessing a clear shift from calorie-consciousness to nutritional consciousness, with protein emerging as a key driver of food choices. The plant-based food sector is growing at around 18 per cent annually, significantly ahead of the 7-8 per cent global growth rate, while the plant-protein ingredients market is currently valued at approximately Rs 4,500 crore and is expected to double over the next five years," PBFIA executive director Praveer Srivastava said at 'Fi India and ProPak India 2026'. However, nearly 90 per cent of plant-protein ingredients are currently imported, he said, adding that this offers a huge opportunity for domestic manufacturers. Beyond nutrition, plant-based foods can play an important role in building more sustainable food systems, particularly as India works towards its net-zero carbon emission target for 2070, he said. "With plant-based protein identified as one of the growth engines by the Ministry of Food Processing Industries, greater policy support can help build domestic capabilities and reduce import dependence. This is especially important for a capital-intensive industry, where setting up an ingredient-extraction facility with a capacity of around 10-15 tonnes per day can entail a minimum investment of Rs 200-250 crore," he said. With India's abundant raw-material base, strengthening the domestic ecosystem can drive import substitution, attract investment and eventually position the country as a global supplier of plant-based food and ingredients, he added. Prabodh Halde, Head-Technical Regulatory Affairs, Marico Ltd, and West Zone Chairman of All India Food Processors' Association (AIFPA), stated that India's food ingredients and additives market has grown into a significant domestic opportunity, currently valued at around Rs 85,000 crore, with natural ingredients, including nutraceuticals, accounting for an estimated 30-35 per cent and growing at a double-digit pace. The next phase of growth, however, must focus on greater value addition, stronger exports and closer integration across farmers, processors, research institutions and the industry, he said. Health Foods and Dietary Supplements Association (HADSA) Secretary General Kaushik Desai said, with India's abundant agricultural resources and growing domestic demand for healthier and natural products, strengthening processing and innovation capabilities can create greater value for farmers, expand exports and make food ingredients and processing an important engine of India's economic growth. "India has the potential to emerge as a global hub for health ingredients by combining Ayurveda with modern science. Achieving this will require greater collaboration across industry, regulators and research institutions, backed by scientific rigour, regulatory compliance, quality, sustainability and consumer trust," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 27 2026 | 11:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's plant-based protein ingredient market is projected to double to Rs 9,000 crore in the next five years, with consumers' preference shifting from calorie-conscious food to targeted nutrition, industry body PBFIA said on Thursday. "The country is witnessing a clear shift from calorie-consciousness to nutritional consciousness, with protein emerging as a key driver of food choices. The plant-based food sector is growing at around 18 per cent annually, significantly ahead of the 7-8 per cent global growth rate, while the plant-protein ingredients market is currently valued at approximately Rs 4,500 crore and is expected to double over the next five years," PBFIA executive director Praveer Srivastava said at 'Fi India and ProPak India 2026'. However, nearly 90 per cent of plant-protein ingredients are currently imported, he said, adding that this offers a huge opportunity for domestic manufacturers. Beyond nutrition, plant-based foods can play an important role in building more sustainable food systems, particularly as India works towards its net-zero carbon emission target for 2070, he said. "With plant-based protein identified as one of the growth engines by the Ministry of Food Processing Industries, greater policy support can help build domestic capabilities and reduce import dependence. This is especially important for a capital-intensive industry, where setting up an ingredient-extraction facility with a capacity of around 10-15 tonnes per day can entail a minimum investment of Rs 200-250 crore," he said. With India's abundant raw-material base, strengthening the domestic ecosystem can drive import substitution, attract investment and eventually position the country as a global supplier of plant-based food and ingredients, he added. Prabodh Halde, Head-Technical Regulatory Affairs, Marico Ltd, and West Zone Chairman of All India Food Processors' Association (AIFPA), stated that India's food ingredients and additives market has grown into a significant domestic opportunity, currently valued at around Rs 85,000 crore, with natural ingredients, including nutraceuticals, accounting for an estimated 30-35 per cent and growing at a double-digit pace. The next phase of growth, however, must focus on greater value addition, stronger exports and closer integration across farmers, processors, research institutions and the industry, he said. Health Foods and Dietary Supplements Association (HADSA) Secretary General Kaushik Desai said, with India's abundant agricultural resources and growing domestic demand for healthier and natural products, strengthening processing and innovation capabilities can create greater value for farmers, expand exports and make food ingredients and processing an important engine of India's economic growth. "India has the potential to emerge as a global hub for health ingredients by combining Ayurveda with modern science. Achieving this will require greater collaboration across industry, regulators and research institutions, backed by scientific rigour, regulatory compliance, quality, sustainability and consumer trust," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 27 2026 | 11:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's plant-based protein ingredient market is projected to double to Rs 9,000 crore in the next five years, with consumers' preference shifting from calorie-conscious food to targeted nutrition, industry body PBFIA said on Thursday. "The country is witnessing a clear shift from calorie-consciousness to nutritional consciousness, with protein emerging as a key driver of food choices. The plant-based food sector is growing at around 18 per cent annually, significantly ahead of the 7-8 per cent global growth rate, while the plant-protein ingredients market is currently valued at approximately Rs 4,500 crore and is expected to double over the next five years," PBFIA executive director Praveer Srivastava said at 'Fi India and ProPak India 2026'. However, nearly 90 per cent of plant-protein ingredients are currently imported, he said, adding that this offers a huge opportunity for domestic manufacturers. Beyond nutrition, plant-based foods can play an important role in building more sustainable food systems, particularly as India works towards its net-zero carbon emission target for 2070, he said. "With plant-based protein identified as one of the growth engines by the Ministry of Food Processing Industries, greater policy support can help build domestic capabilities and reduce import dependence. This is especially important for a capital-intensive industry, where setting up an ingredient-extraction facility with a capacity of around 10-15 tonnes per day can entail a minimum investment of Rs 200-250 crore," he said. With India's abundant raw-material base, strengthening the domestic ecosystem can drive import substitution, attract investment and eventually position the country as a global supplier of plant-based food and ingredients, he added. Prabodh Halde, Head-Technical Regulatory Affairs, Marico Ltd, and West Zone Chairman of All India Food Processors' Association (AIFPA), stated that India's food ingredients and additives market has grown into a significant domestic opportunity, currently valued at around Rs 85,000 crore, with natural ingredients, including nutraceuticals, accounting for an estimated 30-35 per cent and growing at a double-digit pace. The next phase of growth, however, must focus on greater value addition, stronger exports and closer integration across farmers, processors, research institutions and the industry, he said. Health Foods and Dietary Supplements Association (HADSA) Secretary General Kaushik Desai said, with India's abundant agricultural resources and growing domestic demand for healthier and natural products, strengthening processing and innovation capabilities can create greater value for farmers, expand exports and make food ingredients and processing an important engine of India's economic growth. "India has the potential to emerge as a global hub for health ingredients by combining Ayurveda with modern science. Achieving this will require greater collaboration across industry, regulators and research institutions, backed by scientific rigour, regulatory compliance, quality, sustainability and consumer trust," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 27 2026 | 11:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's plant-based protein ingredient market is projected to double to Rs 9,000 crore in the next five years, with consumers' preference shifting from calorie-conscious food to targeted nutrition, industry body PBFIA said on Thursday. "The country is witnessing a clear shift from calorie-consciousness to nutritional consciousness, with protein emerging as a key driver of food choices. The plant-based food sector is growing at around 18 per cent annually, significantly ahead of the 7-8 per cent global growth rate, while the plant-protein ingredients market is currently valued at approximately Rs 4,500 crore and is expected to double over the next five years," PBFIA executive director Praveer Srivastava said at 'Fi India and ProPak India 2026'. However, nearly 90 per cent of plant-protein ingredients are currently imported, he said, adding that this offers a huge opportunity for domestic manufacturers. Beyond nutrition, plant-based foods can play an important role in building more sustainable food systems, particularly as India works towards its net-zero carbon emission target for 2070, he said. "With plant-based protein identified as one of the growth engines by the Ministry of Food Processing Industries, greater policy support can help build domestic capabilities and reduce import dependence. This is especially important for a capital-intensive industry, where setting up an ingredient-extraction facility with a capacity of around 10-15 tonnes per day can entail a minimum investment of Rs 200-250 crore," he said. With India's abundant raw-material base, strengthening the domestic ecosystem can drive import substitution, attract investment and eventually position the country as a global supplier of plant-based food and ingredients, he added. Prabodh Halde, Head-Technical Regulatory Affairs, Marico Ltd, and West Zone Chairman of All India Food Processors' Association (AIFPA), stated that India's food ingredients and additives market has grown into a significant domestic opportunity, currently valued at around Rs 85,000 crore, with natural ingredients, including nutraceuticals, accounting for an estimated 30-35 per cent and growing at a double-digit pace. The next phase of growth, however, must focus on greater value addition, stronger exports and closer integration across farmers, processors, research institutions and the industry, he said. Health Foods and Dietary Supplements Association (HADSA) Secretary General Kaushik Desai said, with India's abundant agricultural resources and growing domestic demand for healthier and natural products, strengthening processing and innovation capabilities can create greater value for farmers, expand exports and make food ingredients and processing an important engine of India's economic growth. "India has the potential to emerge as a global hub for health ingredients by combining Ayurveda with modern science. Achieving this will require greater collaboration across industry, regulators and research institutions, backed by scientific rigour, regulatory compliance, quality, sustainability and consumer trust," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 27 2026 | 11:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's plant-based protein ingredient market is projected to double to Rs 9,000 crore in the next five years, with consumers' preference shifting from calorie-conscious food to targeted nutrition, industry body PBFIA said on Thursday. "The country is witnessing a clear shift from calorie-consciousness to nutritional consciousness, with protein emerging as a key driver of food choices. The plant-based food sector is growing at around 18 per cent annually, significantly ahead of the 7-8 per cent global growth rate, while the plant-protein ingredients market is currently valued at approximately Rs 4,500 crore and is expected to double over the next five years," PBFIA executive director Praveer Srivastava said at 'Fi India and ProPak India 2026'. However, nearly 90 per cent of plant-protein ingredients are currently imported, he said, adding that this offers a huge opportunity for domestic manufacturers. Beyond nutrition, plant-based foods can play an important role in building more sustainable food systems, particularly as India works towards its net-zero carbon emission target for 2070, he said. "With plant-based protein identified as one of the growth engines by the Ministry of Food Processing Industries, greater policy support can help build domestic capabilities and reduce import dependence. This is especially important for a capital-intensive industry, where setting up an ingredient-extraction facility with a capacity of around 10-15 tonnes per day can entail a minimum investment of Rs 200-250 crore," he said. With India's abundant raw-material base, strengthening the domestic ecosystem can drive import substitution, attract investment and eventually position the country as a global supplier of plant-based food and ingredients, he added. Prabodh Halde, Head-Technical Regulatory Affairs, Marico Ltd, and West Zone Chairman of All India Food Processors' Association (AIFPA), stated that India's food ingredients and additives market has grown into a significant domestic opportunity, currently valued at around Rs 85,000 crore, with natural ingredients, including nutraceuticals, accounting for an estimated 30-35 per cent and growing at a double-digit pace. The next phase of growth, however, must focus on greater value addition, stronger exports and closer integration across farmers, processors, research institutions and the industry, he said. Health Foods and Dietary Supplements Association (HADSA) Secretary General Kaushik Desai said, with India's abundant agricultural resources and growing domestic demand for healthier and natural products, strengthening processing and innovation capabilities can create greater value for farmers, expand exports and make food ingredients and processing an important engine of India's economic growth. "India has the potential to emerge as a global hub for health ingredients by combining Ayurveda with modern science. Achieving this will require greater collaboration across industry, regulators and research institutions, backed by scientific rigour, regulatory compliance, quality, sustainability and consumer trust," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 27 2026 | 11:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's plant-based protein ingredient market is projected to double to Rs 9,000 crore in the next five years, with consumers' preference shifting from calorie-conscious food to targeted nutrition, industry body PBFIA said on Thursday. "The country is witnessing a clear shift from calorie-consciousness to nutritional consciousness, with protein emerging as a key driver of food choices. The plant-based food sector is growing at around 18 per cent annually, significantly ahead of the 7-8 per cent global growth rate, while the plant-protein ingredients market is currently valued at approximately Rs 4,500 crore and is expected to double over the next five years," PBFIA executive director Praveer Srivastava said at 'Fi India and ProPak India 2026'. However, nearly 90 per cent of plant-protein ingredients are currently imported, he said, adding that this offers a huge opportunity for domestic manufacturers. Beyond nutrition, plant-based foods can play an important role in building more sustainable food systems, particularly as India works towards its net-zero carbon emission target for 2070, he said. "With plant-based protein identified as one of the growth engines by the Ministry of Food Processing Industries, greater policy support can help build domestic capabilities and reduce import dependence. This is especially important for a capital-intensive industry, where setting up an ingredient-extraction facility with a capacity of around 10-15 tonnes per day can entail a minimum investment of Rs 200-250 crore," he said. With India's abundant raw-material base, strengthening the domestic ecosystem can drive import substitution, attract investment and eventually position the country as a global supplier of plant-based food and ingredients, he added. Prabodh Halde, Head-Technical Regulatory Affairs, Marico Ltd, and West Zone Chairman of All India Food Processors' Association (AIFPA), stated that India's food ingredients and additives market has grown into a significant domestic opportunity, currently valued at around Rs 85,000 crore, with natural ingredients, including nutraceuticals, accounting for an estimated 30-35 per cent and growing at a double-digit pace. The next phase of growth, however, must focus on greater value addition, stronger exports and closer integration across farmers, processors, research institutions and the industry, he said. Health Foods and Dietary Supplements Association (HADSA) Secretary General Kaushik Desai said, with India's abundant agricultural resources and growing domestic demand for healthier and natural products, strengthening processing and innovation capabilities can create greater value for farmers, expand exports and make food ingredients and processing an important engine of India's economic growth. "India has the potential to emerge as a global hub for health ingredients by combining Ayurveda with modern science. Achieving this will require greater collaboration across industry, regulators and research institutions, backed by scientific rigour, regulatory compliance, quality, sustainability and consumer trust," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 27 2026 | 11:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's plant-based protein ingredient market is projected to double to Rs 9,000 crore in the next five years, with consumers' preference shifting from calorie-conscious food to targeted nutrition, industry body PBFIA said on Thursday. "The country is witnessing a clear shift from calorie-consciousness to nutritional consciousness, with protein emerging as a key driver of food choices. The plant-based food sector is growing at around 18 per cent annually, significantly ahead of the 7-8 per cent global growth rate, while the plant-protein ingredients market is currently valued at approximately Rs 4,500 crore and is expected to double over the next five years," PBFIA executive director Praveer Srivastava said at 'Fi India and ProPak India 2026'. However, nearly 90 per cent of plant-protein ingredients are currently imported, he said, adding that this offers a huge opportunity for domestic manufacturers. Beyond nutrition, plant-based foods can play an important role in building more sustainable food systems, particularly as India works towards its net-zero carbon emission target for 2070, he said. "With plant-based protein identified as one of the growth engines by the Ministry of Food Processing Industries, greater policy support can help build domestic capabilities and reduce import dependence. This is especially important for a capital-intensive industry, where setting up an ingredient-extraction facility with a capacity of around 10-15 tonnes per day can entail a minimum investment of Rs 200-250 crore," he said. With India's abundant raw-material base, strengthening the domestic ecosystem can drive import substitution, attract investment and eventually position the country as a global supplier of plant-based food and ingredients, he added. Prabodh Halde, Head-Technical Regulatory Affairs, Marico Ltd, and West Zone Chairman of All India Food Processors' Association (AIFPA), stated that India's food ingredients and additives market has grown into a significant domestic opportunity, currently valued at around Rs 85,000 crore, with natural ingredients, including nutraceuticals, accounting for an estimated 30-35 per cent and growing at a double-digit pace. The next phase of growth, however, must focus on greater value addition, stronger exports and closer integration across farmers, processors, research institutions and the industry, he said. Health Foods and Dietary Supplements Association (HADSA) Secretary General Kaushik Desai said, with India's abundant agricultural resources and growing domestic demand for healthier and natural products, strengthening processing and innovation capabilities can create greater value for farmers, expand exports and make food ingredients and processing an important engine of India's economic growth. "India has the potential to emerge as a global hub for health ingredients by combining Ayurveda with modern science. Achieving this will require greater collaboration across industry, regulators and research institutions, backed by scientific rigour, regulatory compliance, quality, sustainability and consumer trust," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 27 2026 | 11:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's plant-based protein ingredient market is projected to double to Rs 9,000 crore in the next five years, with consumers' preference shifting from calorie-conscious food to targeted nutrition, industry body PBFIA said on Thursday. "The country is witnessing a clear shift from calorie-consciousness to nutritional consciousness, with protein emerging as a key driver of food choices. The plant-based food sector is growing at around 18 per cent annually, significantly ahead of the 7-8 per cent global growth rate, while the plant-protein ingredients market is currently valued at approximately Rs 4,500 crore and is expected to double over the next five years," PBFIA executive director Praveer Srivastava said at 'Fi India and ProPak India 2026'. However, nearly 90 per cent of plant-protein ingredients are currently imported, he said, adding that this offers a huge opportunity for domestic manufacturers. Beyond nutrition, plant-based foods can play an important role in building more sustainable food systems, particularly as India works towards its net-zero carbon emission target for 2070, he said. "With plant-based protein identified as one of the growth engines by the Ministry of Food Processing Industries, greater policy support can help build domestic capabilities and reduce import dependence. This is especially important for a capital-intensive industry, where setting up an ingredient-extraction facility with a capacity of around 10-15 tonnes per day can entail a minimum investment of Rs 200-250 crore," he said. With India's abundant raw-material base, strengthening the domestic ecosystem can drive import substitution, attract investment and eventually position the country as a global supplier of plant-based food and ingredients, he added. Prabodh Halde, Head-Technical Regulatory Affairs, Marico Ltd, and West Zone Chairman of All India Food Processors' Association (AIFPA), stated that India's food ingredients and additives market has grown into a significant domestic opportunity, currently valued at around Rs 85,000 crore, with natural ingredients, including nutraceuticals, accounting for an estimated 30-35 per cent and growing at a double-digit pace. The next phase of growth, however, must focus on greater value addition, stronger exports and closer integration across farmers, processors, research institutions and the industry, he said. Health Foods and Dietary Supplements Association (HADSA) Secretary General Kaushik Desai said, with India's abundant agricultural resources and growing domestic demand for healthier and natural products, strengthening processing and innovation capabilities can create greater value for farmers, expand exports and make food ingredients and processing an important engine of India's economic growth. "India has the potential to emerge as a global hub for health ingredients by combining Ayurveda with modern science. Achieving this will require greater collaboration across industry, regulators and research institutions, backed by scientific rigour, regulatory compliance, quality, sustainability and consumer trust," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 27 2026 | 11:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hero MotoCorp logo India's Hero MotoCorp on Thursday said it would buy additional shares of Ather Energy for up ?to 17.58 billion rupees ($184.01 million), raising its stake in the electric scooter maker to 32.8%. The shares will be purchased from an existing Ather stakeholder, Hero said, without naming the seller. Hero, the Bengaluru-based EV ?company's biggest shareholder, held a 29.88% stake as of August 25. The announcement comes days after Ather allotted convertible warrants to Hero worth 9.60 billion rupees as part of a separate preferential issue. India is seeing ?intensifying competition in its fast-growing electric two-wheeler market as ?established automakers and newer EV companies vie ?for market share. Earlier this month, Ather reported a sharply ?narrower first-quarter loss helped by strong demand for its family-focused Rizta scooters. ($1 = 95.5400 Indian ?rupees) (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 27 2026 | 10:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank First Published: Aug 27 2026 | 9:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 9:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 9:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Media & entertainment industry First Published: Aug 27 2026 | 8:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Media & entertainment industry First Published: Aug 27 2026 | 8:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Media & entertainment industry First Published: Aug 27 2026 | 8:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Some steelmakers expect coking costs to increase by $12-15 per tonne sequentially This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Some steelmakers expect coking costs to increase by $12-15 per tonne sequentially This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 8:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 8:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 8:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Under the empanelment, the Company has been allocated 1Kw rooftop solar capacity to be installed across 1 lakh households, with combined capacity of 100 MW and contract value of approximately Rs 454.50 crore including GST. With this the Company has already received allocation/empanelment of more than Rs 1,092 crore (including GST) since 1st April, 2026 till date. As part of the project scope, GK Energy will undertake design, engineering, supply, installation, testing and commissioning of the rooftop solar systems, along with O&M for a period of five years. The projects are to be completed within 60 days from the issuance of the respective work orders. First Published: Aug 27 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For accelerating enterprise-wide adoption of Gemini Enterprise and agentic AI Wipro announced the expansion of its partnership with Google Cloud to accelerate the enterprise-wide adoption of Gemini Enterprise and agentic AI. Additionally, Wipro is scaling the internal deployment of Gemini Enterprise and will empower over 10,000 AI-certified specialists, including 1,500 Forward Deployed Engineers (FDEs), with advanced AI capabilities to enhance productivity, streamline operations, and accelerate decision-making. As part of this partnership, Wipro has launched the LIFT (Launch-Ignite-Flywheel-Transform) framework to help enterprises accelerate AI transformation and operationalize agentic AI at scale. Powered by Wipro Intelligence, the unified suite of AI platforms, solutions, and transformative offerings, the LIFT framework integrates Gemini Enterprise with Wipro's AI powered delivery platforms, WINGS and WEGA. This unified ecosystem enables organizations to seamlessly transition from basic task-automation to embedding secure, autonomous AI agents directly into their core, multi-step business workflows. First Published: Aug 27 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 7:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Deccan Gold Mines announced that the Altyn Tor Gold Project, operated through its Kyrgyz subsidiary Avelum Partner LLC, has been included in the national inauguration programme of the Kyrgyz Republic scheduled for 11 September 2026, as part of the country's Independence Day celebrations. The inclusion of Altyn Tor in the national programme marks a significant milestone for Deccan Gold and its growing international mining portfolio. The project has progressed from exploration and development to production, and the Company believes it represents the first investment by an Indian company in the gold mining sector of the Kyrgyz Republic to reach the production stage. For Deccan Gold, the milestone comes as the Company advances its broader strategy of building a diversified, production-oriented portfolio of gold and critical mineral assets across India and international markets. Altyn Tor represents the Company's ability to identify and develop mineral opportunities beyond India while building long-term partnerships and creating value across jurisdictions. First Published: Aug 27 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market participants said that the withdrawal of short-term bond issues by AAA-rated public sector issuers, despite liquidity in the banking system being at high levels, is a reflection of pricing issues This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 93.52 crore shares as against 1.31 crore shares on offer. The issue opened for bidding on 24 August 2026 and it will close on 27 August 2026. The price band of the IPO is fixed between Rs 938 and 988 per share. An investor can bid for a minimum of 15 equity shares and multiples thereof. The IPO comprises fresh issue of equity shares worth up to Rs 150 crore and an offer for sale aggregating up to Rs 1,607 crore by Satwani Holdings LLP, Rosewood Investments, and India Business Excellence Fund III. The objectives for the fresh issue includes Rs 112.5 crore for Prepayment/repayment of certain outstanding borrowings, and remaining amount for general corporate purpose. The promoters are Anil Satwani, Kashish Satwani, Sushil Satwani and Satwani Holdings LLP. The promoters and promoter group hold an aggregate of 2,28,41,312 equity shares, aggregating to 36.41% of the pre-offer issued and paid-up equity share capital. Their post IPO shareholding is expected to be around 33.28%. Symbiotec Pharmalab is a research-driven pharmaceutical and biotechnology company with over 30 years of experience, engaged in APIs, CDMO services and complex injectables. The company has a strong global position in corticosteroid and steroidal-hormone APIs, with a portfolio of 60+ APIs supplied to over 200 customers across 40+ countries. It follows a backward-integrated farm/microbe-to-pharmacy model, with in-house manufacturing of key starting materials for over 80% of its products by revenue. The company is also expanding into biologics, GLP-1, insulin, niche APIs and complex injectables, supported by its R&D and manufacturing capabilities. Ahead of the IPO, Symbiotec Pharmalab on Friday, 21 August 2026, raised Rs 526.19 crore from anchor investors. The board allotted 53.28 lakh shares at Rs 988 each to 34 anchor investors. The firm reported a consolidated net profit of Rs 109.88 crore and sales of Rs 869.15 crore for the twelve months ended on 31 March 2026. First Published: Aug 27 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 210.79 crore shares as against 2.95 crore shares on offer. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 131 and 138 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof. The offer comprises a fresh issue as well as OFS by the selling shareholders. The fresh issue comprises issue of 28,89,8300 equity shares of Rs 10 each and the offer for sale comprise sale of 1,33,33,300 equity shares of Rs 10 each Of the net proceeds from fresh issue the company will utilize Rs 216.7867 crore towards repayment of certain outstanding borrowings availed by the company & its subsidiary and Rs 130 crore towards funding incremental working capital requirements and balance general corporate purposes. Ahead of the IPO, Skyways Air Services on Friday, 24 August 2026, raised Rs 174.54 crore from anchor investors. The board allotted1.26 crore shares at Rs 138 each to 17 anchor investors. Skyways Air Services (SASL), provides comprehensive suite of services, including air freight forwarding, ocean freight forwarding, trucking, warehousing, custom broking, technology driven express cargo and parcel delivery and a wide range of value-added services (VAS). The company has performance-based agreements with several leading global airlines, including Qatar Airways, Saudi Cargo, Air India Cargo, Turkish airlines and Lufthansa. In FY26, revenue from operations, about 77.02% is from air cargo services, 15.02% from ocean cargo services, 5.79% from express cargo & parcel, 1.38% from trucking, 0.61% from value added services, 0.13% from warehousing and 0.05% from sale of products (commerce and other retail products). The firm reported a consolidated net profit of Rs 41.01 crore and sales of Rs 2,812.90 crore for the twelve months ended on 31 March 2026. First Published: Aug 27 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 6:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reserve Bank of India has released the data on performance of the private corporate business sector during the first quarter of 2026-27. At aggregate level, sales growth of listed private non-financial companies continued to accelerate to 19.4 per cent (y-o-y) during Q1:2026-27 from 13.9 per cent in the previous quarter. Sales of 1,827 listed private manufacturing companies expanded by 21.4 per cent (y-o-y) during Q1:2026-27, up from 14.5 per cent in the previous quarter. This acceleration was majorly driven by the automobiles, petroleum and electrical machinery industries. Sales growth of Information Technology (IT) companies strengthened further and recorded a double-digit growth of 14.8 per cent (y-o-y) during Q1:2026-27 from 9.9 per cent in the previous quarter. Non-IT services companies continued to record a healthy double-digit growth of 19.7 per cent (20.3 per cent in the previous quarter), mainly driven by wholesale and retail trade industry. With global supply chain disruptions, raw material expenses of manufacturing companies rose substantially by 27.5 per cent (y-o-y) during Q1:2026-27; however, raw material to sales ratio declined marginally to 58.1 per cent during Q1 from 58.5 per cent in the previous quarter. Despite significant increase in input costs, operating profit growth of manufacturing companies improved significantly to 21.3 per cent (y-o-y) during Q1:2026-27 from 9.4 per cent in the previous quarter. Operating profit growth of IT and non-IT services companies also improved to 19.9 per cent and 12.7 per cent, respectively, during Q1:2026-27. On sequential basis, operating profit margin improved across all major sectors during Q1:2026-27. First Published: Aug 27 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 443.49 crore shares as against 1.84 crore shares on offer. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 50 and 53 per share. An investor can bid for a minimum of 283 equity shares and multiples thereof. The offer comprises a fresh issue by the company as well as an offer for sale by the selling shareholders. The fresh issue comprises the issue of new equity shares of Rs 5 each, aggregating to Rs 60 crore and the offer for sale comprises the sale of 1,42,89,450 equity shares of Rs 5 each. The entire offer for sale is by promoters. Of the net proceeds from the fresh issue, the company will utilize Rs 16 crore towards repayment of certain outstanding borrowings availed by the company and Rs 29.966 crore towards funding capital expenditure requirement of the company for expansion at Kavathe Unit, Shirwal Unit and Pithampur Unit I. The balance is towards general corporate purposes.Post-expansion, the estimated installed capacity at Shirwal, Pithampur Unit-I and Kavathe is expected to increase by 45.00%, 83.08% and 41.25 % respectively, subject to timely commissioning. Ahead of the IPO, Hy-Tech Engineers on Friday, 24 August 2026, raised Rs 40.72 crore from anchor investors. The board allotted 76.83 lakh shares at Rs 53 each to 8 anchor investors. Hy-Tech Engineers, promoted by Hemant Tukaram Mondkar, a technocrat, is an engineering company engaged in the design, manufacture and supply of hydraulic fittings catering to diverse industrial applications, with over four decades of operational experience in the hydraulics industry. Its product portfolio comprises standard hydraulic fittings viz. DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings and conversion fittings, as well as fittings customized to customer specifications. The company caters to diverse application needs across industries such as construction machinery, automotive, farming machinery, injection moulding machines and hydraulic systems. In addition, it has obtained certification which enables it to cater to sectors such as railways and defence, thereby expanding its addressable market. In FY26, construction machinery contributed 22.94% to sales from operations, followed by farming at 22.83%, automotive at 9.05%, hydraulic systems at 5.09%, injection moulding machines at 3.98%, IPE & Railways at 1.45% and parking systems at 0.29%, while other segments accounted for 34.37%. Domestic sales contributed 70.63% of revenue from operations, compared with 71.70% in FY25, while overseas sales accounted for the remaining 29.37%, up from 28.30% in FY25. The firm reported a consolidated net profit of Rs 22.59 crore and sales of Rs 189.40 crore for the twelve months ended on 31 March 2026. First Published: Aug 27 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 8.97 crore shares as against 6.32 lakh shares on offer. The issue opened for bidding on 27 August 2026 and it will close on 31 August 2026. The price band of the IPO is fixed between Rs 78 and 82 per share. An investor can bid for a minimum of 182 equity shares and multiples thereof. The offer comprises a fresh issue of equity shares of Rs 5 each, aggregating to Rs 500 crore and an offer for sale of equity shares aggregating to Rs 200 crore. The offer for sale component is entirely by promoters. Of the net proceeds from fresh issue, the company intend to use Rs 337 crore towards prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the company; Rs 15.013 crore towards capital expenditure for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility; and balance towards general corporate purposes. Lumino Industries, promoted by Purushottam Dass Goel, is an integrated engineering, procurement and construction (EPC) player focused on the power transmission and distribution (T&D) sector. The company manufactures aluminium conductors, power cables and electrical wires, including HTLS conductors, and undertakes EPC projects across power T&D, EHV substations, re-conductoring, railway electrification, solar power and water management. Manufacturing contributed 69.74% of FY26 revenue, while EPC contributed 30.26%. As of March 2026, it had an order book of Rs 3,149.88 crore, with 82.20% from government entities, and operated two manufacturing facilities in Howrah with a combined aluminium consumption capacity of 40,000 MT annually. The company is expanding its manufacturing footprint with a new facility in Howrah expected to commence commercial production in H2FY27. Ahead of the IPO, Lumino Industries on Wednesday, 26 August 2026, raised Rs 206.69 crore from anchor investors. The board allotted 2.52 crore shares at Rs 82 each to 30 anchor investors. The firm reported a consolidated net profit of Rs 159.97 crore and sales of Rs 2,041.07 crore for the twelve months ended on 31 March 2026. First Published: Aug 27 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 1.55 crore shares as against 1.76 crore shares on offer. The issue opened for bidding on 25 August 2026 and will close on 28 August 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 151 equity shares and multiples thereof. The issue comprises only a fresh issue of up to 17,683,000 equity shares of Rs 10 face value. Of the net proceeds, the company intends to use Rs 15.408 crore towards funding capital expenditure requirements of the company for purchase of machinery or equipment; Rs 115 crore towards funding working capital requirements of the company; and balance towards general corporate purposes. Annu Projects, established in 2003, is engaged in the design, development, implementation, operations and maintenance of essential overhead and underground utilities infrastructure across telecom, sewerage, gas pipeline and railway signaling verticals. In the telecom infrastructure vertical, it is primarily engaged in surveying, designing, and installing cabling and tower infrastructures for communication, automation, and electronic security systems. Core activities of the company in sewerage infrastructure vertical include pipe laying, construction of manholes, construction of sewerage treatment plants, construction of pumping stations, and construction of structural facilities essential for supporting sewerage operations, construction of storm water drainage systems and screening chambers for combined or sanitary sewers. In FY26 revenue from operations, about 41.50% is accounted by telecom infrastructure, 52.67% from sewerage infrastructure, 4.03% from gas pipeline and 1.80% from others including trading of machines etc. As on June 30, 2026, it owned a fleet of more than 558 machine and equipment (such as horizontal directional drilling machine, excavators, splicing machine, digitrak machine, OTDR machine, HDPE pipe welding machine etc) The firm reported a consolidated net profit of Rs 33.03 crore and sales of Rs 241.25 crore for the twelve months ended on 31 March 2026. First Published: Aug 27 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 27 2026 | 5:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 27 2026 | 5:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Markets lacked a clear direction as technology stocks moved in different directions. Nvidias strong sales outlook also supported sentiment, reinforcing expectations that demand for AI infrastructure will remain strong. Japanese technology companies are closely linked to the global AI infrastructure boom, which has helped drive the countrys stock market higher over the past year. However, Nvidia supplier Advantest fell 3.1%, weighing on the technology sector. In contrast, Kioxia Holdings jumped 5% after reports that it plans to build a new chipmaking plant in northern Japan. The move is aimed at expanding production to meet rising demand for storage linked to AI development. First Published: Aug 27 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Shanghai Composite rose 1.13% to 3,956.6, while the Shenzhen Component gained 1.50% to 14,048.9. Chinas industrial profits rose 17.6% year-on-year to CNY 4.58 trillion in the first seven months of 2026. However, growth slowed from 18.7% in the first six months. Recent data on investment, industrial production and retail sales have also fallen short of expectations, raising hopes for additional policy measures. Investors are now watching the conclusion of the National Peoples Congress Standing Committee meeting on August 28 for signs of further steps to support economic growth. Technology and semiconductor stocks were among the key drivers of the gains, following strong second-quarter results and upbeat revenue guidance from NVIDIA. Hygon Information Technology rose 6.50%, Victory Giant Technology gained 5.46%, Cambricon Technologies added 2.75%, while SMIC climbed 1.76%. First Published: Aug 27 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The S&P BSE Sensex declined 539.35 points or 0.70% to 76,933.59. The Nifty 50 index lost 116.90 points or 0.48% to 24,090.85. In two sessions, the Sensex and Nifty are down 0.93% and 1%, respectively. HDFC Bank (down 2.23%), Bharti Airtel (down 1.25%) and Reliance Industries (down 1.22%) were major Nifty drags today. The broader market outperformed the frontline indices. The BSE 150 MidCap Index declined 0.38% and the BSE 250 SmallCap Index shed 0.04%. The market breadth was negative. On the BSE, 1,824 shares rose and 2,491 shares fell. A total of 211 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 5.06% to 11.10. Numbers to Track: In the commodities market, Brent crude for October 2026 settlement gained 27 cents or 0.31% to $87.21 a barrel. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.5500 compared with its close of 95.4400 during the previous trading session. The yield on India's 10-year benchmark federal paper jumped 0.48% to 6.884 compared with the previous session close of 6.851. MCX Gold futures for 05 October 2026 settlement lost 0.70% to Rs 1,58,550. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.06% to 99.14. The United States 10-year bond yield added 0.19% to 4.673. Global Markets: Most European equities declined while most Asian stocks ended higher, with technology shares leading gains following Nvidia's results. The Bank of Korea raised its benchmark interest rate by 25 basis points to 3.00% on Thursday. It was the second consecutive hike as the central bank sought to contain persistent inflation and address financial stability risks. The BOK also raised its 2026 growth forecast to 3.3% from 2.6%. Chinas industrial profits growth in July slowed to its weakest pace this year, expanding 11.2% from a year earlier, according to National Bureau of Statistics data on Thursday. For the first seven months of this year, profits climbed 17.6% from a year earlier, losing momentum following the 18.7% rate in the first half-year. Wall Street ended slightly lower on Wednesday. The Dow Jones Industrial Average declined 0.21%, the S&P 500 eased 0.02% and the Nasdaq Composite slipped 0.08%. Investors weighed higher-than-expected headline inflation against Nvidia's earnings, released after the market close. US inflation remained elevated in July. The Personal Consumption Expenditures price index rose 3.7% year-on-year, unchanged from June and above the 3.6% market expectation. On a monthly basis, the index increased 0.2%. Core PCE inflation, which excludes food and energy, rose 3.3% year-on-year and 0.2% month-on-month. Nvidia reported quarterly revenue of $96.22 billion, more than double the year-ago figure. Adjusted earnings stood at $2.22 per share, also ahead of market expectations. Data centre revenue reached $89 billion, more than doubling from a year earlier. The company forecast third-quarter revenue of $108 billion, plus or minus 2%. The outlook was above the average Wall Street estimate of around $104.2 billion. Nvidia also projected around 70% revenue growth for the fiscal year ending January 2028, reinforcing expectations of sustained demand for AI infrastructure. Nvidia shares jumped around 4.7% in extended trading following the results. The strong outlook is expected to provide a fresh boost to semiconductor and technology stocks across global markets. Stocks in Spotlight: Tata Power Company dropped 3.30%. The Singapore International Commercial Court dismissed the company's challenge to arbitral awards in its dispute with Kleros Capital Partners. The court held that there was no breach of natural justice or the fair hearing rule by the majority of the arbitral tribunal in arriving at the final award. ICICI Prudential Asset Management Company fell 4.03% to Rs 3,093 after a large block deal in early trade on Thursday. The block deal came after promoter Prudential Corporation Holdings (PCHL) launched a stake sale of up to 2% in the company. The Bombay Burmah Trading Corporation surged 11.63% after the Supreme Court recalled its earlier observation regarding a Rs 4,655.24 crore lease rent liability linked to the company's erstwhile Singampatti tea estate in Tamil Nadu. The Supreme Court, in its order dated 19 August 2026, allowed BBTCL's interlocutory application seeking recall of the observation made in its 29 May 2026 order. Pine Labs rose 1.42% to Rs 169.25 after a foreign brokerage initiated coverage on the fintech company with a 'Buy' rating. The brokerage set a target price of Rs 200 per share, implying an upside of around 20% from the previous close of Rs 166.88 on the NSE. Kitex Garments (KGL) added 1.74%. India Ratings and Research has downgraded the company's long-term rating to 'IND BBB+ from IND A with a 'negative' outlook. The agency has also downgraded the company's short-term rating to IND A2 from IND A1. Nahar Spinning Mills fell 0.87%. Crisil Ratings has reaffirmed its ratings on the bank facilities and commercial paper of the company at 'Crisil A/Stable/Crisil A1. Skipper advanced 1.73%. The company announced that it has secured fresh orders worth Rs 1,305 crore for several domestic and international transmission and distribution (T&D) projects. Bajaj Finance shed 0.18%. The company said that it has raised Rs 5,000 crore through the private placement of 5 lakh secured, redeemable non-convertible debentures (NCDs), each with a face value of Rs 1 lakh. The NCDs carry an annual coupon of 8.15% and have a long-term maturity of 10 years, with the principal due for redemption on 27 August 2036 and interest payable annually from 27 August 2027. Redtape added 0.48%. Shareholders at the companys annual general meeting approved the re-appointment of Shuja Mirza as managing director (MD) for a five-year term effective from 1 April 2027. Initial Public Offer (IPO): Lumino Industries received bids for 7,98,37,212 shares as against 6,32,05,127 shares on offer, according to stock exchange data at 16:30 IST on 27 August 2026. The issue was subscribed 1.26 times. The issue opened for bidding on 27 August 2026 and will close on 31 August 2026. The price band of the IPO is fixed between Rs 78 and 82 per share. An investor can bid for a minimum of 182 equity shares and multiples thereof. Annu Projects received bids for 1,52,28,501 shares as against 1,76,83,000 shares on offer, according to stock exchange data at 16:30 IST on 27 August 2026. The issue was subscribed 0.86 times. The issue opened for bidding on 25 August 2026 and will close on 28 August 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 151 equity shares and multiples thereof. Skyways Air Services received bids for 2,09,85,50,200 shares as against 2,95,83,600 shares on offer, according to stock exchange data at 16:30 IST on 27 August 2026. The issue was subscribed 70.94 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 131 and 138 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof. Symbiotec Pharmalab received bids for 93,36,33,525 shares as against 1,31,24,929 shares on offer, according to stock exchange data at 16:30 IST on 27 August 2026. The issue was subscribed 71.13 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 938 and 988 per share. An investor can bid for a minimum of 15 equity shares and multiples thereof. Hy-Tech Engineers received bids for 4,40,88,82,187 shares as against 1,81,45,406 shares on offer, according to stock exchange data at 16:30 IST on 27 August 2026. The issue was subscribed 242.98 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 50 and 53 per share. An investor can bid for a minimum of 283 equity shares and multiples thereof. First Published: Aug 27 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 27 2026 | 4:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India VIX rises 5.06% to 11.10. In the cash market, the Nifty 50 index lost 116.90 points or 0.48% to 24,090.85. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 5.06% to 11.10. HDFC Bank, Reliance Industries and LIC Housing Finance were the top-traded individual stock futures contracts in the F&O segment of the NSE. The September 2026 F&O contracts will expire on 29 September 2026. First Published: Aug 27 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 27 2026 | 4:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Going ahead, market participants are likely to track movements in gold and crude oil prices, developments in the US-Iran situation and other global cues. The Nifty closed below the 24,100 level. PSU Bank, media and metal shares declined while pharma, consumer durables and private bank stocks advanced. As per provisional closing data, the S&P BSE Sensex declined 539.35 points or 0.70% to 76,933.59. The Nifty 50 index lost 116.90 points or 0.48% to 24,090.85. In the two consecutive trading sessions, the Sensex and Nifty declined 0.93% and 1%, respectively. The broader market outperformed the frontline indices. The BSE 150 MidCap Index declined 0.38% and the BSE 250 SmallCap Index shed 0.04%. The market breadth was negative. On the BSE, 1,831 shares rose and 2,485 shares fell. A total of 210 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 5.06% to 11.10. Initial Public Offer (IPO): Lumino Industries received bids for 7,98,37,212 shares as against 6,32,05,127 shares on offer, according to stock exchange data at 15:36 IST on 27 August 2026. The issue was subscribed 1.26 times. The issue opened for bidding on 27 August 2026 and will close on 31 August 2026. The price band of the IPO is fixed between Rs 78 and 82 per share. An investor can bid for a minimum of 182 equity shares and multiples thereof. Annu Projects received bids for 1,22,23,299 shares as against 1,76,83,000 shares on offer, according to stock exchange data at 15:36 IST on 27 August 2026. The issue was subscribed 0.69 times. The issue opened for bidding on 25 August 2026 and will close on 28 August 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 151 equity shares and multiples thereof. Skyways Air Services received bids for 1,84,61,93,900 shares as against 2,95,83,600 shares on offer, according to stock exchange data at 15:36 IST on 27 August 2026. The issue was subscribed 62.41 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 131 and 138 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof. Symbiotec Pharmalab received bids for 81,42,97,860 shares as against 1,31,24,929 shares on offer, according to stock exchange data at 15:36 IST on 27 August 2026. The issue was subscribed 62.04 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 938 and 988 per share. An investor can bid for a minimum of 15 equity shares and multiples thereof. Hy-Tech Engineers received bids for 4,06,35,58,229 shares as against 1,81,45,406 shares on offer, according to stock exchange data at 15:20 IST on 27 August 2026. The issue was subscribed 223.94 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 50 and 53 per share. An investor can bid for a minimum of 283 equity shares and multiples thereof. Buzzing Index: The Nifty PSU Bank index fell 0.94% to 8,587.80. The index rose 1.52% in the past two trading sessions. UCO Bank (down 2.63%), Bank of Maharashtra (down 1.36%), Bank of India (down 1.27%), Union Bank of India (down 1.18%), Punjab National Bank (down 1.02%), Canara Bank (down 0.97%), Indian Bank (down 0.96%), Bank of Baroda (down 0.87%), State Bank of India (down 0.75%) and Punjab & Sind Bank (down 0.64%) tumbled. Stocks in Spotlight: Tata Power Company dropped 3.65%. The Singapore International Commercial Court dismissed the company's challenge to arbitral awards in its dispute with Kleros Capital Partners. The court held that there was no breach of natural justice or the fair hearing rule by the majority of the arbitral tribunal in arriving at the final award. Kitex Garments (KGL) added 4.52%. India Ratings and Research has downgraded the company's long-term rating to 'IND BBB+ from IND A with a 'negative' outlook. The agency has also downgraded the company's short-term rating to IND A2 from IND A1. Nahar Spinning Mills fell 1.61%. Crisil Ratings has reaffirmed its ratings on the bank facilities and commercial paper of the company at 'Crisil A/Stable/Crisil A1. Skipper advanced 1.94%. The company announced that it has secured fresh orders worth Rs 1,305 crore for several domestic and international transmission and distribution (T&D) projects. Bajaj Finance shed 0.92%. The company said that it has raised Rs 5,000 crore through the private placement of 5 lakh secured, redeemable non-convertible debentures (NCDs), each with a face value of Rs 1 lakh. The NCDs carry an annual coupon of 8.15% and have a long-term maturity of 10 years, with the principal due for redemption on 27 August 2036 and interest payable annually from 27 August 2027. Redtape added 0.82%. Shareholders at the companys annual general meeting approved the re-appointment of Shuja Mirza as managing director (MD) for a five-year term effective from 1 April 2027. Global Markets: Most of the European equities declined while Asian stocks ended higher for a third straight session, with technology shares leading gains following Nvidia's results. The Bank of Korea raised its benchmark interest rate by 25 basis points to 3.00% on Thursday. It was the second consecutive hike as the central bank sought to contain persistent inflation and address financial stability risks. The BOK also raised its 2026 growth forecast to 3.3% from 2.6%. Chinas industrial profits growth in July slowed to its weakest pace this year, expanding 11.2% from a year earlier, according to National Bureau of Statistics data on Thursday. For the first seven months of this year, profits climbed 17.6% from a year earlier, losing momentum following the 18.7% rate in the first half-year. Wall Street ended slightly lower on Wednesday. The Dow Jones Industrial Average declined 0.21%, the S&P 500 eased 0.02% and the Nasdaq Composite slipped 0.08%. Investors weighed higher-than-expected headline inflation against Nvidia's earnings, released after the market close. US inflation remained elevated in July. The Personal Consumption Expenditures price index rose 3.7% year-on-year, unchanged from June and above the 3.6% market expectation. On a monthly basis, the index increased 0.2%. Core PCE inflation, which excludes food and energy, rose 3.3% year-on-year and 0.2% month-on-month. Nvidia reported quarterly revenue of $96.22 billion, more than double the year-ago figure. Adjusted earnings stood at $2.22 per share, also ahead of market expectations. Data centre revenue reached $89 billion, more than doubling from a year earlier. The company forecast third-quarter revenue of $108 billion, plus or minus 2%. The outlook was above the average Wall Street estimate of around $104.2 billion. Nvidia also projected around 70% revenue growth for the fiscal year ending January 2028, reinforcing expectations of sustained demand for AI infrastructure. Nvidia shares jumped around 4.7% in extended trading following the results. The strong outlook is expected to provide a fresh boost to semiconductor and technology stocks across global markets. First Published: Aug 27 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 4:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Volume shockers: Wonder Electricals falls 30% from day's high; Imagicaaworld zooms 20%. First Published: Aug 27 2026 | 3:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Apple and Samsung dominate the global top 10 best-selling smartphones in Q2 2026, according to Counterpoint Research. First Published: Aug 27 2026 | 3:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's electric vehicle (EV) market is expected to grow to Rs 20 trillion by 2030, with the potential to create 50 million jobs, Union Minister Nitin Gadkari said on Wednesday. Addressing a summit organised by the CII-ITC Centre of Excellence for Sustainable Development, Gadkari said that currently 57 lakh electric vehicles are registered in India, with 7 per cent market penetration. "India's electric vehicle(EV) market will be worth Rs 20 trillion by 2030. It will also create five crore jobs by 2030," he said. The road transport and highways minister highlighted that India's two largest two-wheeler vehicle manufacturers, Bajaj Auto and Hero MotoCorp, export more than 50 per cent of vehicles they produce. Gadkari said there is demand for one lakh electric buses annually in India, but 'we are able to manufacture only 50,000-60,000 EV buses annually'. He said the government aims to make India's automobile industry number one in the world within five years. The future of the Indian automobile industry is very good as the country has trained manpower, Gadkari added. "Within five years, our target is to make India's automobile industry the number 1 in the world it is difficult, but not impossible," the road transport and highways minister said. Gadkari pointed out that the quality of vehicles manufactured in India is good and the cost is less, so all top automobile companies are present in the country. "When I took charge as transport minister, the size of the Indian automobile industry was Rs 14 trillion. The size of the Indian automobile industry is now Rs 22 trillion," Gadkari said. Presently, the size of the US automobile industry is Rs 78 trillion, followed by China (Rs 47 trillion) and India (Rs 23 trillion). Gadkari noted that India is spending Rs 22 trillion on importing fossil fuels and because of the import of fossil fuels, "we are facing a problem of pollution". "We are making good highways...Good roads with alternatives, and bio-fuel is the future," the minister said. Talking about logistics cost, Gadkari said that the government aims to reduce India's logistics cost to 8 per cent, as without reducing logistics cost, it would be difficult to get competitiveness in global markets. Gadkari further said a recent report prepared by IIT Chennai, IIT Kanpur and IIM Bangalore has revealed that India's construction of expressways and economic corridors has helped reduce the country's logistics cost to 10 per cent from 16 per cent earlier. "The government's aim is to bring down logistics cost to 8 per cent, which will help India become more competitive," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 27 2026 | 3:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's electric vehicle (EV) market is expected to grow to Rs 20 trillion by 2030, with the potential to create 50 million jobs, Union Minister Nitin Gadkari said on Wednesday. Addressing a summit organised by the CII-ITC Centre of Excellence for Sustainable Development, Gadkari said that currently 57 lakh electric vehicles are registered in India, with 7 per cent market penetration. "India's electric vehicle(EV) market will be worth Rs 20 trillion by 2030. It will also create five crore jobs by 2030," he said. The road transport and highways minister highlighted that India's two largest two-wheeler vehicle manufacturers, Bajaj Auto and Hero MotoCorp, export more than 50 per cent of vehicles they produce. Gadkari said there is demand for one lakh electric buses annually in India, but 'we are able to manufacture only 50,000-60,000 EV buses annually'. He said the government aims to make India's automobile industry number one in the world within five years. The future of the Indian automobile industry is very good as the country has trained manpower, Gadkari added. "Within five years, our target is to make India's automobile industry the number 1 in the world it is difficult, but not impossible," the road transport and highways minister said. Gadkari pointed out that the quality of vehicles manufactured in India is good and the cost is less, so all top automobile companies are present in the country. "When I took charge as transport minister, the size of the Indian automobile industry was Rs 14 trillion. The size of the Indian automobile industry is now Rs 22 trillion," Gadkari said. Presently, the size of the US automobile industry is Rs 78 trillion, followed by China (Rs 47 trillion) and India (Rs 23 trillion). Gadkari noted that India is spending Rs 22 trillion on importing fossil fuels and because of the import of fossil fuels, "we are facing a problem of pollution". "We are making good highways...Good roads with alternatives, and bio-fuel is the future," the minister said. Talking about logistics cost, Gadkari said that the government aims to reduce India's logistics cost to 8 per cent, as without reducing logistics cost, it would be difficult to get competitiveness in global markets. Gadkari further said a recent report prepared by IIT Chennai, IIT Kanpur and IIM Bangalore has revealed that India's construction of expressways and economic corridors has helped reduce the country's logistics cost to 10 per cent from 16 per cent earlier. "The government's aim is to bring down logistics cost to 8 per cent, which will help India become more competitive," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 27 2026 | 3:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 27 2026 | 3:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 2:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Uncertainty around CEO Sashidhar Jagdishan’s term is weighing on HDFC Bank Ltd.’s stock. First Published: Aug 27 2026 | 2:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wonder Electricals Ltd, Renaissance Global Ltd, KJMC Financial Services Ltd and Sayaji Hotels Ltd are among the other losers in the BSE's 'B' group today, 27 August 2026. Wonder Electricals Ltd, Renaissance Global Ltd, KJMC Financial Services Ltd and Sayaji Hotels Ltd are among the other losers in the BSE's 'B' group today, 27 August 2026. Davangere Sugar Company Ltd lost 19.92% to Rs 2.13 at 14:30 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 25.38 lakh shares were traded on the counter so far as against the average daily volumes of 9.39 lakh shares in the past one month. Wonder Electricals Ltd crashed 15.65% to Rs 131.5. The stock was the second biggest loser in 'B' group.On the BSE, 42.59 lakh shares were traded on the counter so far as against the average daily volumes of 54256 shares in the past one month. Renaissance Global Ltd tumbled 10.63% to Rs 135.75. The stock was the third biggest loser in 'B' group.On the BSE, 3.88 lakh shares were traded on the counter so far as against the average daily volumes of 77005 shares in the past one month. KJMC Financial Services Ltd dropped 10.00% to Rs 67.86. The stock was the fourth biggest loser in 'B' group.On the BSE, 679 shares were traded on the counter so far as against the average daily volumes of 4524 shares in the past one month. Sayaji Hotels Ltd pared 9.28% to Rs 315.65. The stock was the fifth biggest loser in 'B' group.On the BSE, 28 shares were traded on the counter so far as against the average daily volumes of 928 shares in the past one month. First Published: Aug 27 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
B.R.Goyal Infrastructure said that it has received a Rs 119.85 crore work order from NHAI for a one-year engagement as user-fee collection agency at the Surapattu Fee Plaza on the Chennai Bypass in the state of Tamil Nadu. The contract is for collection and maintenance/operation of the fee plaza, including upkeep of adjacent toll blocks and consumables. B.R.Goyal Infrastructure is engaged in constructing infrastructure projects such as roads, highways, bridges, and buildings. For FY26, the company's consolidated net profit surged 78% year-on-year to Rs 44.82 crore, while net sales increased 13.4% to Rs 820.32 crore compared with FY25. The scrip fell 1.54% to currently trade at Rs 182.15 on the BSE. First Published: Aug 27 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Bombay Burmah Trading Corporation Ltd registered volume of 120.8 lakh shares by 14:14 IST on NSE, a 449.08 fold spurt over two-week average daily volume of 26899 shares Whirlpool of India Ltd, ICICI Prudential Asset Management Co Ltd, NMDC Steel Ltd, Travel Food Services Ltd are among the other stocks to see a surge in volumes on NSE today, 27 August 2026. The Bombay Burmah Trading Corporation Ltd registered volume of 120.8 lakh shares by 14:14 IST on NSE, a 449.08 fold spurt over two-week average daily volume of 26899 shares. The stock rose 12.36% to Rs.1,602.50. Volumes stood at 9011 shares in the last session. Whirlpool of India Ltd witnessed volume of 32.5 lakh shares by 14:14 IST on NSE, a 16.66 times surge over two-week average daily volume of 1.95 lakh shares. The stock increased 7.35% to Rs.828.40. Volumes stood at 1.62 lakh shares in the last session. ICICI Prudential Asset Management Co Ltd witnessed volume of 42.34 lakh shares by 14:14 IST on NSE, a 10.91 times surge over two-week average daily volume of 3.88 lakh shares. The stock dropped 3.61% to Rs.3,106.50. Volumes stood at 1.5 lakh shares in the last session. NMDC Steel Ltd clocked volume of 716.76 lakh shares by 14:14 IST on NSE, a 10.45 times surge over two-week average daily volume of 68.59 lakh shares. The stock gained 8.76% to Rs.45.07. Volumes stood at 49.72 lakh shares in the last session. Travel Food Services Ltd clocked volume of 4.8 lakh shares by 14:14 IST on NSE, a 9.06 times surge over two-week average daily volume of 52970 shares. The stock gained 5.30% to Rs.1,356.00. Volumes stood at 28646 shares in the last session. First Published: Aug 27 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sterlite Technologies share price was locked at the 5% upper circuit on Thursday. First Published: Aug 27 2026 | 2:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 27 2026 | 2:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investing for the medium term? PL Capital favours these 3 sectors First Published: Aug 27 2026 | 2:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Yes Bank, IndusInd Bank among 3 midcap bank stocks trading up to 94% away from life-time highs, shows ACE Equity data. First Published: Aug 27 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Finance said that it has raised Rs 5,000 crore through the private placement of 5 lakh secured, redeemable non-convertible debentures (NCDs), each with a face value of Rs 1 lakh. The NCDs carry an annual coupon of 8.15% and have a long-term maturity of 10 years, with the principal due for redemption on 27 August 2036 and interest payable annually from 27 August 2027. The NCDs are secured by a first pari-passu charge over identified loan receivables, subject to a minimum-security cover of 1.10 times at all times. The instruments also carry investor protection provisions, including a right for the original investors to increase the coupon by up to 25 basis points for each rating notch downgrade if the rating falls to AA- or below. A further downgrade to A or below gives such investors a right to redeem the outstanding principal along with accrued interest. Bajaj Finance is one of Indias leading and most diversified financial services companies. The company is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME, and commercial customers with a significant presence. The company had reported 27.37% jump in consolidated net profit to Rs 5,985.75 crore in Q1 FY27, compared with Rs 4,699.61 crore in Q1 FY26. Revenue from operations rose 19.58% YoY to Rs 23,165.45 crore during the quarter. The scrip shed 0.16% to currently trade at Rs 1085.30 on the BSE. First Published: Aug 27 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ramco Systems Canada Inc., a subsidiary of Ramco Systems, announced that its long-time customer, Ornge, has successfully gone live with Ramco's Digital Task Card with eSign-off and Mechanic Anywhere Mobile Application across all of its maintenance bases. The rollout marks a significant milestone in Ornge's digital transformation journey, transitioning its maintenance execution operations from paper-based task cards to a fully mobile-enabled, paperless workflow across its AW-139 and PC-12 fleets. Ramco's eSign-off solution has been designed to meet Transport Canada's sign-off compliance requirements, enabling technicians to execute and digitally sign off maintenance tasks in real time. As part of the implementation, Ornge's existing authored task cards were migrated to an eSign-off-ready format, and Work Summary Reports were introduced to support Ornge's audit and regulatory compliance needs. With Mechanic Anywhere, Ornge's technicians can now access documentation, execute maintenance tasks, and complete digital sign-offs from anywhere, eliminating the delays and inefficiencies associated with paper based execution. The move to Digital Task Card with eSign-off has also given Ornge's maintenance and quality teams near real-time visibility into work progress, sign-off status, and task completion, improving compliance through standardized work-step execution. First Published: Aug 27 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 1:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pine Labs rose 1.49% to Rs 169.37 after a foreign brokerage initiated coverage on the fintech company with a 'Buy' rating. The brokerage highlighted Pine Labs' leadership in merchant payments and its high-margin value-added businesses. It also expects strong earnings growth. Pine Labs has more than 20 lakh point-of-sale (POS) terminals. The brokerage estimates the company has a 17% share of the overall POS terminal market and more than 60% share among enterprise merchants. The brokerage also highlighted Pine Labs' affordability solutions, including POS financing, as an important value-added business. Pine Labs processes around 85% of offline white-goods buy-now-pay-later (BNPL) transactions. The company works with more than 450 brands and over 40 financial institutions. Pine Labs is a technology company focused on digitising commerce through digital payments and issuing solutions for merchants, consumer brands, enterprises and financial institutions. The company's consolidated revenue grew 20% YoY to Rs 737 crore, while profit after tax increased fourfold to Rs 20 crore from Rs 5 crore in Q1 FY26. Profit before tax stood at Rs 38 crore, compared with a loss of Rs 5 crore in the year-ago quarter. First Published: Aug 27 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Laurus Labs Ltd is quoting at Rs 1910.3, up 1.23% on the day as on 12:49 IST on the NSE. The stock is up 121.61% in last one year as compared to a 1.32% drop in NIFTY and a 22.73% drop in the Nifty Pharma index. Laurus Labs Ltd is up for a third straight session in a row. The stock is quoting at Rs 1910.3, up 1.23% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.13% on the day, quoting at 24176.5. The Sensex is at 77308.83, down 0.21%. Laurus Labs Ltd has risen around 8.61% in last one month. Meanwhile, Nifty Pharma index of which Laurus Labs Ltd is a constituent, has risen around 2.95% in last one month and is currently quoting at 26626.3, up 0.52% on the day. The volume in the stock stood at 24.5 lakh shares today, compared to the daily average of 20.49 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 1887.7, up 0.37% on the day. Laurus Labs Ltd is up 121.61% in last one year as compared to a 1.32% drop in NIFTY and a 22.73% drop in the Nifty Pharma index. The PE of the stock is 116.9 based on TTM earnings ending June 26. First Published: Aug 27 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zydus Lifesciences Ltd is quoting at Rs 1171, up 1.83% on the day as on 12:49 IST on the NSE. The stock is up 19.66% in last one year as compared to a 1.32% drop in NIFTY and a 22.73% drop in the Nifty Pharma index. Zydus Lifesciences Ltd gained for a third straight session today. The stock is quoting at Rs 1171, up 1.83% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.13% on the day, quoting at 24176.5. The Sensex is at 77308.83, down 0.21%. Zydus Lifesciences Ltd has risen around 6.53% in last one month. Meanwhile, Nifty Pharma index of which Zydus Lifesciences Ltd is a constituent, has risen around 2.95% in last one month and is currently quoting at 26626.3, up 0.52% on the day. The volume in the stock stood at 20.24 lakh shares today, compared to the daily average of 15.31 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 1180, up 1.98% on the day. Zydus Lifesciences Ltd is up 19.66% in last one year as compared to a 1.32% drop in NIFTY and a 22.73% drop in the Nifty Pharma index. The PE of the stock is 31.42 based on TTM earnings ending June 26. First Published: Aug 27 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
LIC Housing Finance Ltd is quoting at Rs 531.3, up 1.32% on the day as on 12:49 IST on the NSE. The stock is down 2.93% in last one year as compared to a 1.32% drop in NIFTY and a 2.72% drop in the Nifty Financial Services index. LIC Housing Finance Ltd gained for a third straight session today. The stock is quoting at Rs 531.3, up 1.32% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.13% on the day, quoting at 24176.5. The Sensex is at 77308.83, down 0.21%. LIC Housing Finance Ltd has slipped around 2.64% in last one month. Meanwhile, Nifty Financial Services index of which LIC Housing Finance Ltd is a constituent, has slipped around 1.21% in last one month and is currently quoting at 26386.75, down 0.18% on the day. The volume in the stock stood at 51.98 lakh shares today, compared to the daily average of 22.46 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 539.35, up 1.78% on the day. LIC Housing Finance Ltd is down 2.93% in last one year as compared to a 1.32% drop in NIFTY and a 2.72% drop in the Nifty Financial Services index. The PE of the stock is 5.05 based on TTM earnings ending June 26. First Published: Aug 27 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani Power Ltd is quoting at Rs 214.9, up 3.72% on the day as on 12:49 IST on the NSE. The stock is up 80.6% in last one year as compared to a 1.32% fall in NIFTY and a 13.25% fall in the Nifty Energy index. Adani Power Ltd rose for a third straight session today. The stock is quoting at Rs 214.9, up 3.72% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.13% on the day, quoting at 24176.5. The Sensex is at 77308.83, down 0.21%. Adani Power Ltd has added around 3.19% in last one month. Meanwhile, Nifty Energy index of which Adani Power Ltd is a constituent, has added around 0.08% in last one month and is currently quoting at 38099.9, up 0.12% on the day. The volume in the stock stood at 570.78 lakh shares today, compared to the daily average of 145.43 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 216.38, up 3.24% on the day. Adani Power Ltd is up 80.6% in last one year as compared to a 1.32% fall in NIFTY and a 13.25% fall in the Nifty Energy index. The PE of the stock is 33.39 based on TTM earnings ending June 26. First Published: Aug 27 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Uno Minda Ltd is quoting at Rs 1281.3, up 1.69% on the day as on 12:49 IST on the NSE. The stock is down 1.1% in last one year as compared to a 1.32% slide in NIFTY and a 14.82% slide in the Nifty Auto index. Uno Minda Ltd is up for a third straight session today. The stock is quoting at Rs 1281.3, up 1.69% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.13% on the day, quoting at 24176.5. The Sensex is at 77308.83, down 0.21%. Uno Minda Ltd has gained around 10.09% in last one month. Meanwhile, Nifty Auto index of which Uno Minda Ltd is a constituent, has gained around 3.85% in last one month and is currently quoting at 29000.15, down 0.29% on the day. The volume in the stock stood at 3.12 lakh shares today, compared to the daily average of 8.3 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 1288, up 1.72% on the day. Uno Minda Ltd is down 1.1% in last one year as compared to a 1.32% slide in NIFTY and a 14.82% slide in the Nifty Auto index. The PE of the stock is 75.28 based on TTM earnings ending June 26. First Published: Aug 27 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
State-run gas utility GAIL (India) Ltd plans to expand its natural gas pipeline network, diversify LNG sourcing and shipping, scale up petrochemicals and LPG infrastructure, and invest in clean-energy technologies as geopolitical disruptions underscore the need for greater energy security, the company's chairman said on Thursday. Addressing GAIL's 42nd annual general meeting, Deepak Gupta said the year had highlighted the growing importance of balancing energy security with the global shift toward cleaner fuels. "Energy security has become as important as energy transition," he said, pointing to geopolitical tensions in the Middle East and disruptions to LNG supply chains through the Strait of Hormuz that exposed vulnerabilities in global energy markets. "The resulting volatility in LNG prices, freight rates and supply availability reinforced the need for diversified sourcing, resilient infrastructure and flexible supply chains," he said. "At the same time, the global transition towards cleaner energy continued unabated, with sustained investments in renewable energy, nuclear power, energy storage and low-carbon technologies." Natural gas, because of its flexibility and lower carbon intensity, would continue to play a role in the energy transition, he said. Gupta said the company's pipeline network, already India's largest natural gas transmission system, has expanded to more than 18,690 kilometres, with another 1,500 km under construction. Once those projects are completed, the network is expected to approach 20,000 km. GAIL is simultaneously expanding its LPG transmission business. The company is doubling the capacity of its 1,427-km Jamnagar-Loni LPG pipeline to 6.5 MMTPA from 3.25 MMTPA. The Petroleum and Natural Gas Regulatory Board has also authorised GAIL to develop three LPG pipelines with a combined length of about 1,775 km. In petrochemicals, GAIL commissioned a 60,000-tonne-a-year polypropylene unit at Pata, raising the integrated complex's capacity to 870,000 tonnes from 810,000 tonnes. The company is also progressing with its 500,000-tonne-a-year propane dehydrogenation-polypropylene project at Usar, which Gupta described as India's first PDH-based polypropylene complex. The project entails an estimated investment of about Rs 11,256 crore. At Mangalore, work is progressing on a 1.25 MMTPA purified terephthalic acid (PTA) plant, giving GAIL an entry into another petrochemical value chain. "These investments in petrochemicals are not simply about adding capacity," he said. "They are about developing a more diversified downstream business and strengthening the growth of GAIL's petrochemical portfolio." GAIL is also moving into large-scale gas-based fertiliser manufacturing. Its board has given in-principle approval for investments in two fertiliser plants in Maharashtra and Chhattisgarh, with combined investment of about Rs 21,000 crore. The projects are expected to create additional demand for natural gas and support regional development while contributing to India's food-security objectives. Gupta said GAIL's LNG sourcing portfolio stands at 16.56 million tonnes a year (MMTPA), combining long-term contracts with market-linked procurement. The company imported 132 LNG cargoes during fiscal 2025-26, including seven spot cargoes, as it sought to maintain supplies to priority customers amid volatility in international markets. GAIL has also expanded its shipping capabilities, concluding long-term charter agreements for the GAIL Bhuwan, with a capacity of 180,000 cubic metres, and Energy Fidelity, with capacity of 174,000 cubic metres, he said, adding that the company now has access to nine LNG vessels, including five under long-term charter arrangements, according to the chairman. Its overseas operations are also being expanded. GAIL Global (USA) LNG LLC supports the company's US sourcing and liquefaction portfolio, while GAIL Global (Singapore) Pte Ltd is developing LNG trading and international business. GAIL has also established GAIL Global IFSC Ltd. at Gujarat International Finance Tec-City, or GIFT City, to support treasury management and explore international financial services and ship-leasing opportunities. He said the Dabhol LNG terminal achieved year-round operability following completion of its breakwater facility and received its first LNG cargo during the monsoon season. The terminal also received its 1,000th LNG cargo during the year. GAIL board, he said, has approved a scheme for the merger of Konkan LNG Ltd with GAIL, subject to applicable processes, to enable closer operational and strategic integration. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 27 2026 | 1:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 1:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A new draft framework risks diluting India's most substantial nuclear reform in decades by imposing additional approval requirements on foreign reactors, which threatens to steer companies toward domestic technology over imports and limit the flow of new capital and expertise, experts said. The draft framework follows New Delhi's new nuclear law, passed last year, which opened the country's tightly controlled nuclear sector to private companies and seeks to attract foreign technology and investment. India is counting on nearly $210 billion in investments that the industry expects to require to raise its nuclear power capacity almost tenfold to 100 gigawatts (GW) over the ?next two decades, a cornerstone of its attempt to reduce dependence on coal, which still supplies most of the country's electricity. NPCIL, the country's sole nuclear power plant operator and technology holder, is already executing a 14-GW expansion programme through 2032, making private capital and new reactor technologies critical to meeting the government's 100-GW nuclear target. Indian conglomerates including Tata Power, Adani Power and Reliance Industries, as well as foreign firms like Russia's Rosatom, France's EDF and U.S.-based GE Hitachi, have held talks with the government. But industry sources, who requested anonymity because the consultation process is ongoing, said they were waiting to see the final rulebook before making investment commitments. Queries sent to Tata Power, Adani Power, Reliance Industries, Rosatom, EDF and GE Hitachi were not answered. Companies have until September 4 to provide feedback to the government on the draft rules and regulations. Under the proposed framework, companies seeking to deploy imported reactors need operational and licensing certifications from the country of origin as well as separate design approval from India's atomic energy regulator before construction can begin. "We are taking a step back from the promise of the new nuclear act that can transform India into a leader of the global nuclear renaissance if the rules discriminate between indigenous technology and technology from outside India and where ?foreign technology can only be considered if there is an operating plant," said Suhaan Mukerji, a managing partner at law firm PLR Chambers. He serves as an adviser to domestic and foreign firms evaluating opportunities in India's nuclear expansion plans, including the implications of the draft rules. In particular, small modular reactor (SMR) technology will be "dead" in the water, he said. India has identified SMRs as a promising technology because their smaller size and lower upfront costs could make nuclear projects easier to deploy. But most designs are only beginning commercial deployment globally, potentially limiting their eligibility under India's proposed rules. The country's Department of Atomic Energy did not respond to Reuters queries. A senior government official involved in the framework's drafting said it prioritises safety and is aligned with international nuclear regulatory practices. Industry executives, however, said New Delhi risks losing access to newer technologies if it adopts an approach that is suited to more mature nuclear markets. Processes outlined in the draft document also risk long approval timelines. "Earlier, when the sector was entirely state-run, site approvals, excavation and construction approvals could proceed concurrently while the final design approval was awaited," Mukerji said. Now, developers may submit an ?application, but it will not be processed until design approval is obtained, he said. "This will hamper reaching the target set by government," he said. The absence of a binding timeline for design approvals could delay project development, said Shri Venkatesh, a partner at law firm SKV, which advises Indian energy companies. MISSING COMMERCIAL DETAILS The draft nuclear rules also leave several investment-related questions unresolved, including how tariffs will be ?determined, what returns investors can expect and the minimum financial and technical qualifications that prospective operators must meet, industry executives said. In at least a dozen interactions with the federal atomic energy department over ?the last eight months, Indian and foreign companies sought clarity on the issues, along with details on fuel tie-ups, fuel reprocessing, and exclusion-zone requirements, four company executives and two government officials, who were not authorised to speak to the media, said. The two government officials said earlier draft rules circulated within government departments contained more detailed provisions on a number ?of issues, including qualification and tariff fixation with review provisions every five years. The version released for public consultation omits many of those specifics, they said, raising concerns that investment ??decisions could be delayed. "The numbers that appear in the drafts are largely operational ones, governing how a licensee conducts itself once inside the system," Venkatesh said. "What is harder to find are the ?figures that determine whether a project is worth financing in the first place. Several of those numbers are left to future notifications." The nuclear rules and regulations will be finalised in about three months after the public consultation. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 27 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pritika Engineering Components, a subsidiary of Pritika Auto Industries, has signed a Memorandum of Understanding (MoU) with Spark Grid for the supply of solar power at a competitive rate over a period of 25 years. The long-term solar power arrangement is expected to deliver significant cost efficiencies for the Pritika Group of Industries, with estimated savings of approximately Rs 110 crore over the 25-year tenure. Of this, Pritika Engineering Components and Meeta Castings are expected to benefit with savings of approximately Rs 70 crore and Pritika Auto Industries would benefit the balance savings for the same period. As part of the proposed arrangement, a Special Purpose Vehicle (SPV) will be established for the solar power project. Pritika Engineering Components is expected to hold 26% equity in the SPV on behalf of the Pritika Group of Industries, subject to the completion of applicable approvals and documentation. First Published: Aug 27 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nahar Spinning Mills (NSML) said that Crisil Ratings has reaffirmed its ratings on the bank facilities and commercial paper of the company at 'Crisil A/Stable/Crisil A1'. The reaffirmation reflects the companys established position in the cotton yarn industry, supported by a diversified customer base; long operating track record; presence in both the domestic and export markets; and a healthy operating scale. The ratings also factor in the expected recovery in operating performance from fiscal 2027 onwards, supported by improvement in yarn realisations, healthy demand from key export destinations, benefits from ongoing modernisation initiatives, and a financial risk profile that is expected to remain comfortable despite debt-funded capital expenditure (capex). The operating performance moderated during fiscal 2026 due to the US tariffs, leading to lower garment exports and weaker yarn realisations. However, the operating performance recovered from the first quarter of fiscal 2027, supported by improvement in yarn realisations and healthy demand from key export destinationsBangladesh and China. For the full fiscal, the revenue is expected to grow 9-10% and 4-5% over the medium term. The company is currently undertaking a modernisation capex of Rs 350-400 crore spread across fiscals 2026-2028, involving replacement of older machinery with technologically advanced and energy-efficient machinery. The capex is expected to improve product quality, operational efficiency, throughput and overall competitiveness. Timely commissioning without cost overruns, stabilisation of operations and achievement of planned utilisation levels will be monitorable. The company is also increasing its renewable energy capacity, including solar installations, which is expected to reduce power and fuel costs over the medium term. The financial risk profile is expected to remain stable despite the ongoing debt-funded capex. The capex, while sizeable, is spread over multiple years and is being funded through a prudent mix of internal accrual and debt. Total debt is expected to remain at Rs 1,000-1,050 crore in fiscal 2027, compared with Rs 983 crore as on 31 March 2026. Liquidity remains comfortable, aided by adequate cushion of Rs 925 crore in working capital limit, which was 45-50% utilised in the 12 months through June 2026. These strengths are partially offset by susceptibility to volatility in raw material prices and foreign exchange (forex) rates, uncertain geopolitical situation and the inherently working capital-intensive nature of the textiles business. Nahar Spinning Mills is the flagship company of the Nahar group, a business conglomerate that operates in the spinning, garments and hosiery segments. The company's net profit surged 337.84% to Rs 69.88 crore in the quarter ended June 2026 as against Rs 15.96 crore during the previous quarter ended June 2025. Sales rose 17.92% to Rs 966.10 crore in Q1 FY27 over Q1 FY26. The scrip shed 0.12% to currently trade at Rs 295.10 on the BSE. First Published: Aug 27 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wonder Electricals Ltd, Shah Metacorp Ltd, Allcargo Terminals Ltd Partly Paidup and MV Electrosystems Ltd are among the other gainers in the BSE's 'B' group today, 27 August 2026. Wonder Electricals Ltd, Shah Metacorp Ltd, Allcargo Terminals Ltd Partly Paidup and MV Electrosystems Ltd are among the other gainers in the BSE's 'B' group today, 27 August 2026. Imagicaaworld Entertainment Ltd soared 17.81% to Rs 59.13 at 27-Aug-2026 EOD IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 8.63 lakh shares were traded on the counter so far as against the average daily volumes of 52566 shares in the past one month. Wonder Electricals Ltd surged 14.50% to Rs 178.5. The stock was the second biggest gainer in 'B' group. On the BSE, 7.04 lakh shares were traded on the counter so far as against the average daily volumes of 54256 shares in the past one month. Shah Metacorp Ltd spiked 14.15% to Rs 3.63. The stock was the third biggest gainer in 'B' group. On the BSE, 23.51 lakh shares were traded on the counter so far as against the average daily volumes of 9.1 lakh shares in the past one month. Allcargo Terminals Ltd Partly Paidup jumped 13.46% to Rs 10.45. The stock was the fourth biggest gainer in 'B' group. On the BSE, 16640 shares were traded on the counter so far as against the average daily volumes of 2701 shares in the past one month. MV Electrosystems Ltd spurt 11.58% to Rs 626. The stock was the fifth biggest gainer in 'B' group. On the BSE, 1.39 lakh shares were traded on the counter so far as against the average daily volumes of 2.98 lakh shares in the past one month. First Published: Aug 27 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Skipper advanced 2.35% to Rs 560 after the company announced that it has secured fresh orders worth Rs 1,305 crore for several domestic and international transmission and distribution (T&D) projects. Sharan Bansal, Director of Skipper, said, The receipt of new orders aggregating to Rs 1,305 crore across domestic and international markets is a strong endorsement of Skippers execution capabilities, technical expertise and growing customer confidence. We are particularly encouraged by the renewed momentum in our export business, with orders from developed markets gaining traction in line with our expectations. The breadth of these orders further strengthens our diversified T&D portfolio and reinforces our position as a trusted partner for complex power infrastructure projects across geographies. He further added, We are pleased to see export opportunities picking up, particularly across our targeted developed markets, and expect this momentum to strengthen as market conditions continue to improve, the sustained momentum in order inflows reflects the significant investments underway in transmission infrastructure, grid expansion and renewable energy integration, both in India and globally. With a healthy order book and pipeline and an expanding opportunity landscape across our key markets, we remain focused on scaling the business through disciplined project selection, efficient execution and a balanced domestic and international mix. We are confident that these opportunities will support sustainable growth and enable us to create long-term value for our stakeholders. Skipper is among the worlds leading manufacturers of power transmission and distribution structures. The company is a key EPC player in 765 kV transmission lines and substations and also has a strong presence in telecom, railway structures, and polymer pipes and fittings. On a consolidated basis, the companys net profit rose 25.52% to Rs 56.81 crore in the quarter ended June 2026 from Rs 45.26 crore in the corresponding quarter of the previous year. Sales increased 4.46% to Rs 1,309.83 crore in the June 2026 quarter from Rs 1,253.86 crore in the June 2025 quarter. First Published: Aug 27 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NMDC Steel Ltd, Moschip Technologies Ltd, Hindustan Construction Company Ltd and Inox India Ltd are among the other gainers in the BSE's 'A' group today, 27 August 2026. NMDC Steel Ltd, Moschip Technologies Ltd, Hindustan Construction Company Ltd and Inox India Ltd are among the other gainers in the BSE's 'A' group today, 27 August 2026. The Bombay Burmah Trading Corporation Ltd spiked 13.44% to Rs 1616.8 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 4.97 lakh shares were traded on the counter so far as against the average daily volumes of 2376 shares in the past one month. NMDC Steel Ltd surged 9.03% to Rs 45.18. The stock was the second biggest gainer in 'A' group. On the BSE, 25.53 lakh shares were traded on the counter so far as against the average daily volumes of 3.38 lakh shares in the past one month. Moschip Technologies Ltd soared 7.51% to Rs 221.05. The stock was the third biggest gainer in 'A' group. On the BSE, 9.29 lakh shares were traded on the counter so far as against the average daily volumes of 1.31 lakh shares in the past one month. Hindustan Construction Company Ltd advanced 6.16% to Rs 25.32. The stock was the fourth biggest gainer in 'A' group. On the BSE, 48.43 lakh shares were traded on the counter so far as against the average daily volumes of 15.78 lakh shares in the past one month. Inox India Ltd jumped 5.81% to Rs 2039. The stock was the fifth biggest gainer in 'A' group. On the BSE, 74229 shares were traded on the counter so far as against the average daily volumes of 9482 shares in the past one month. First Published: Aug 27 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani Enterprises up 39% YTD; why is MOFSL betting on Nifty's top gainer? First Published: Aug 27 2026 | 12:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharat Electronics (BEL) added 1.35% to Rs 412.80 after the company announced that it has secured additional orders worth Rs 730 crore since its last disclosure on 10 August 2026. The official announcement was made on Wednesday, 26 August 2026, after market hours. Bharat Electronics (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures electronic products and systems for the army, navy, and air force. The company reported an 8.17% year-on-year (YoY) increase in standalone net profit to Rs 1,048.33 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 969.13 crore in the corresponding quarter last year. Revenue from operations rose 25.27% YoY to Rs 5,533.06 crore in Q1 FY27, reflecting healthy execution across its order pipeline. First Published: Aug 27 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Euro is lingering around a one-week low against the dollar on Thursday as dollar edged higher ahead of the Jackson Hole Symposium after US data reflected on sticky inflation and drove expectation for a Fed rate hike. US PCE Price Index remained unchanged at 3.7% on year in July, above the consensus of 3.6%. On a monthly basis, the PCE Price Index and the core PCE Price Index both rose by 0.2% in July. Meanwhile, in the Eurozone, data from Germany showed GfK Consumer Climate Indicator rose to -26.6 heading into September 2026, from a revised -29.4 in August, marking its least pessimistic reading since March. Currently, EUR/USD is trading at $1.1661, almost flat on the day. On the NSE, EUR/INR futures are holding around 111 mark. First Published: Aug 27 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Capacite Infraprojects said that it has received a letter of intent (LOI) amounting to Rs 741 crore from Mahindra Lifespace Developers. The LOI is for undertaking the construction of core and shell work of Mahindra Rainforest at Kanjurmarg and Mahindra Beacon Hill at Mahalaxmi. Rahul Katyal, managing director, Capacit'e Infraprojects, said: "Capacit'e Infraprojects is privileged to welcome Mahindra Lifespace Developers a marquee name in Indias real estate sectoras our newest client. We believe this engagement will further strengthen our portfolio, enhance visibility among premium clients, and contribute meaningfully to long-term shareholder value." Capacit'e Infraprojects is primarily engaged in the EPC business and provides turnkey solutions for housing, high rises, super high rises, speciality buildings and urban infrastructure. The company offers these services to leading real-estate and government bodies in India. The company had reported 15% fall in net profit to Rs 39.8 crore despite a 7% rise in revenue from operations to Rs 628.9 crore in Q1 FY27 as compared with Q1 FY26. The scrip shed 0.04% to currently trade at Rs 227 on the BSE. First Published: Aug 27 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 11:30 IST, the barometer index, the S&P BSE Sensex, declined 288.54 points or 0.37% to 77,189.57. The Nifty 50 index lost 64.15 points or 0.27% to 24,142.55. In the broader market, the BSE 150 MidCap Index fell 0.07% and the BSE 250 SmallCap Index shed 0.05%. The market breadth was positive. On the BSE, 1,752 shares rose and 2,181 shares fell. A total of 232 shares were unchanged. Initial Public Offer (IPO): Lumino Industries received bids for 1,48,75,406 shares as against 6,32,05,127 shares on offer, according to stock exchange data at 11:20 IST on 27 August 2026. The issue was subscribed 0.24 times. The issue opened for bidding on 27 August 2026 and will close on 31 August 2026. The price band of the IPO is fixed between Rs 78 and 82 per share. An investor can bid for a minimum of 182 equity shares and multiples thereof. Annu Projects received bids for 91,61,925 shares as against 1,76,83,000 shares on offer, according to stock exchange data at 11:20 IST on 27 August 2026. The issue was subscribed 0.52 times. The issue opened for bidding on 25 August 2026 and will close on 28 August 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 151 equity shares and multiples thereof. Skyways Air Services received bids for 29,89,43,000 shares as against 2,95,83,600 shares on offer, according to stock exchange data at 11:20 IST on 27 August 2026. The issue was subscribed 10.11 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 131 and 138 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof. Symbiotec Pharmalab received bids for 12,87,24,150 shares as against 1,31,24,929 shares on offer, according to stock exchange data at 11:20 IST on 27 August 2026. The issue was subscribed 9.81 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 938 and 988 per share. An investor can bid for a minimum of 15 equity shares and multiples thereof. Hy-Tech Engineers received bids for 1,58,32,23,690 shares as against 1,81,45,406 shares on offer, according to stock exchange data at 11:20 IST on 27 August 2026. The issue was subscribed 87.25 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 50 and 53 per share. An investor can bid for a minimum of 283 equity shares and multiples thereof. Buzzing Index: The Nifty Auto index fell 0.54% to 28,844.85. The index fell 1.29% in the two consecutive trading sessions. TVS Motor Company (down 1.62%), Hero MotoCorp (down 1.39%), Mahindra & Mahindra (down 1.04%), Ashok Leyland (down 0.81%), Bajaj Auto (down 0.73%), Bosch (down 0.69%), Maruti Suzuki India (down 0.52%), Exide Industries (down 0.35%), Samvardhana Motherson International (down 0.03%) fell. Stocks in Spotlight: Fino Payments Bank shed 0.86%. The bank said that the Reserve Bank of India (RBI) has approved the extension of tenure of Ketan Merchant as interim CEO of the bank, for a further period of three months. Man Infraconsctruction advanced 1.01% after the company announced that its board will meet on Tuesday, 1 September 2026, to consider a proposal for buyback of fully paid-up equity shares. Global Markets: Asian stocks advanced for a third straight session, with technology shares leading gains following Nvidia's results. The Bank of Korea raised its benchmark interest rate by 25 basis points to 3.00% on Thursday. It was the second consecutive hike as the central bank sought to contain persistent inflation and address financial stability risks. The BOK also raised its 2026 growth forecast to 3.3% from 2.6%. Chinas industrial profits growth in July slowed to its weakest pace this year, expanding 11.2% from a year earlier, according to National Bureau of Statistics data on Thursday. For the first seven months of this year, profits climbed 17.6% from a year earlier, losing momentum following the 18.7% rate in the first half-year. Wall Street ended slightly lower on Wednesday. The Dow Jones Industrial Average declined 0.21%, the S&P 500 eased 0.02% and the Nasdaq Composite slipped 0.08%. Investors weighed higher-than-expected headline inflation against Nvidia's earnings, released after the market close. US inflation remained elevated in July. The Personal Consumption Expenditures price index rose 3.7% year-on-year, unchanged from June and above the 3.6% market expectation. On a monthly basis, the index increased 0.2%. Core PCE inflation, which excludes food and energy, rose 3.3% year-on-year and 0.2% month-on-month. Nvidia reported quarterly revenue of $96.22 billion, more than double the year-ago figure. Adjusted earnings stood at $2.22 per share, also ahead of market expectations. Data centre revenue reached $89 billion, more than doubling from a year earlier. The company forecast third-quarter revenue of $108 billion, plus or minus 2%. The outlook was above the average Wall Street estimate of around $104.2 billion. Nvidia also projected around 70% revenue growth for the fiscal year ending January 2028, reinforcing expectations of sustained demand for AI infrastructure. Nvidia shares jumped around 4.7% in extended trading following the results. The strong outlook is expected to provide a fresh boost to semiconductor and technology stocks across global markets. First Published: Aug 27 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For development of 40-acre premium mixed-use project in Alibaug NITCO has entered into a joint venture with The House of Abhinandan Lodha (HoABL) to develop a 40 acre premium mixed-use project in Alibaug, with the development expected to generate approximately Rs 4,500 crore in revenue over five years. This joint venture has been formalised through a Memorandum of Understanding (MOU) between NITCO and its wholly owned subsidiary NITCO Realties, and HoABL through its wholly owned subsidiary, HoABL Impactum Land, for the development of land parcels in Thal and Lonare villages in Alibaug. The development is expected to comprise premium multi development project, with luxury apartments and townhouses, complemented by curated amenities and hospitality offerings. A boutique hotel is also proposed as part of the broader development. NITCO's share from the proposed development is expected to be approximately Rs 1,500 crore over a period of five years. First Published: Aug 27 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nithin Kamath, founder of India’s second-largest stock broker Zerodha Broking Ltd. First Published: Aug 27 2026 | 11:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bombay Burmah zooms 14% as SC recalls ?4,655 crore lease liability observation First Published: Aug 27 2026 | 11:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ACME Solar Holdings announced that it has secured Rs 1,571 crore in long-term project funding from India Infrastructure Finance Company (IIFCL) for the construction and development of its 300 MW assured peak power project in Rajasthan. The funding takes the total financing secured by ACME Solar during the current financial year to Rs 10,976 crore. The power purchase agreement (PPA) for the project has been executed with Solar Energy Corporation of India (SECI) for 25 years at a tariff of Rs 6.28 per unit. The ACME Greentech Seventh assured peak power project combines multiple renewable energy technologies, including solar and battery energy storage system (BESS), to meet the supply obligations under its PPA and ensure greater predictability and dispatchability of power. The project entails a total capex of Rs 2,123 crore and forms part of ACME Solars broader battery-storage capital deployment programme for the current financial year. According to the company, the project is progressing on a strong execution footing, with grid connectivity already operational, while the pooling substation and dedicated transmission line are at advanced stages of completion. Land for the project site has also been substantially secured, positioning the project for timely construction. The plant will integrate a 1,350 MWh BESS alongside solar generation, enabling assured peak power supply under its PPA. Like ACME Solars other assured peak power projects, the asset is being developed entirely within Rajasthan, reinforcing the states growing role as a hub for the companys hybrid renewable capacity. ACME Solar is an integrated renewable energy company with a diversified portfolio of 8,370 MW across solar, wind, hybrid, storage and FDRE projects. It has an operational contracted capacity of 2,990 MW, around 3.62 GWh of BESS capacity and 5,380 MW of contracted capacity under construction. On a consolidated basis, the companys net profit rose 79.87% to Rs 235.33 crore in the quarter ended June 2026 from Rs 130.83 crore in the quarter ended June 2025. Sales increased 67.81% to Rs 857.48 crore in the June 2026 quarter from Rs 510.98 crore in the June 2025 quarter. The counter shed 0.92% to Rs 392 on the BSE. First Published: Aug 27 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Bombay Burmah Trading Corporation Ltd registered volume of 3.91 lakh shares by 10:45 IST on BSE, a 195.21 fold spurt over two-week average daily volume of 2003 shares ICICI Prudential Asset Management Co Ltd, Shyam Metalics & Energy Ltd, GMR Airports Ltd, 3M India Ltd are among the other stocks to see a surge in volumes on BSE today, 27 August 2026. The Bombay Burmah Trading Corporation Ltd registered volume of 3.91 lakh shares by 10:45 IST on BSE, a 195.21 fold spurt over two-week average daily volume of 2003 shares. The stock rose 13.45% to Rs.1,617.00. Volumes stood at 2209 shares in the last session. ICICI Prudential Asset Management Co Ltd recorded volume of 105.59 lakh shares by 10:45 IST on BSE, a 143.21 times surge over two-week average daily volume of 73726 shares. The stock lost 3.56% to Rs.3,109.00. Volumes stood at 24700 shares in the last session. Shyam Metalics & Energy Ltd clocked volume of 10.79 lakh shares by 10:45 IST on BSE, a 113.14 times surge over two-week average daily volume of 9540 shares. The stock gained 2.18% to Rs.1,063.45. Volumes stood at 15564 shares in the last session. GMR Airports Ltd clocked volume of 175.46 lakh shares by 10:45 IST on BSE, a 45.48 times surge over two-week average daily volume of 3.86 lakh shares. The stock lost 0.00% to Rs.99.20. Volumes stood at 4.58 lakh shares in the last session. 3M India Ltd recorded volume of 9510 shares by 10:45 IST on BSE, a 37.31 times surge over two-week average daily volume of 255 shares. The stock gained 0.16% to Rs.33,579.40. Volumes stood at 127 shares in the last session. First Published: Aug 27 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ICICI Prudential Asset Management Company fell 3.45% to Rs 3,112.45 after a large block deal in early trade on Thursday. The block deal came after promoter Prudential Corporation Holdings (PCHL) launched a stake sale of up to 2% in the company. PCHL offered up to 98.85 lakh shares, representing 2% of ICICI Prudential AMC's equity, through open-market transactions on 27 August 2026. The proposed sale is aimed at helping the company meet India's minimum public shareholding requirement. The indicative offer price for the block transaction was in the range of Rs 2,998 to Rs 3,158 per share, according to media reports. At the upper end of the price range, the transaction would be worth around Rs 3,122 crore. As of June 2026, PCHL held a 34.59% stake in ICICI Prudential AMC, while promoters and the promoter group together held 87.60%. Following the sale of the full 2% stake, promoter holding is expected to decline to 85.60%. PCHL will retain a 32.6% stake in ICICI Prudential AMC after the sale, with its governance rights remaining unchanged. The stake sale follows ICICI Prudential AMC's listing in December 2025. Under India's listing rules, companies that list with less than 15% public shareholding have five years to raise their public float to at least 15%. ICICI Prudential Asset Management Company is one of India's leading asset managers, offering mutual funds, portfolio management services, alternative investment funds and offshore advisory services. With over 30 years of experience, the company serves 17.3 million customers through 286 offices and has a workforce of 3,813 employees. The company's net profit rose 23.10% YoY and 25.45% QoQ to Rs 964.63 crore in Q1 FY27. Total income increased 18.10% YoY and 20.18% QoQ to Rs 1,745.02 crore in the June 2026 quarter. First Published: Aug 27 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The index was launched on 26 August 2026. It has a base date of 1 April 2005 and a base value of 1,000. Companies are selected based on a growth score derived from their three-year profit after tax growth, three-year sales growth and one-year risk-adjusted return. Stock weights are determined using a combination of the growth score and free-float market capitalisation. Individual stock weights are capped at the lower of 5% or five times the stock's weight based solely on free-float market capitalisation. Sector weights are capped at 30%. The index has a tilt-weighted methodology and comprises 50 constituents. It will be reconstituted and rebalanced on a semi-annual basis in June and December. As per the index factsheet, capital goods has the highest sector weight at 28.39%, followed by financial services at 27.57% and consumer services at 10.17%. Among the top constituents by weight are Dixon Technologies (India) at 5.89%, FSN E-Commerce Ventures at 5.34%, Jio Financial Services at 5.27%, Cummins India at 4.93% and BSE at 4.67%. The index's total return stood at 8.34% year-to-date and 10.26% over one year. It generated a 19.19% return over five years and 18.87% CAGR since inception (1 April 2005). NSE Indices said the index is intended to serve as a benchmark for asset managers and as a reference index for passive investment products, including exchange-traded funds, index funds and structured products. First Published: Aug 27 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ashika bullish on defence pack on global rearmament wave; favours BEL, HAL First Published: Aug 27 2026 | 11:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Anil Ghelani, Head of Passive Investments & Products, DSP Mutual Fund First Published: Aug 27 2026 | 10:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindalco Industries has commissioned a greenfield Superfine PPT ATH (Precipitated Aluminium Trihydrate) manufacturing plant in Belagavi, Karnataka, bringing domestic production of this high-value specialty alumina product to India for the first me. The new facility, with an annual production capacity of 30,000 tonnes, strengthens Hindalco's Specialty Alumina portfolio and advances the country's journey towards Atmanirbhar Bharat in critical fire-safety applications. The facility is also the world's only speciality alumina plant to operate entirely on renewable energy, se ng a global benchmark for sustainable manufacturing. PPT ATH is a high-value, halogen-free flame-retardant material used in Halogen-Free Flame Retardant (HFFR) cables, polymer insulators, thermal insula on, composites and paints. In applica ons such as cables, it helps suppress flame propaga on and smoke genera on without releasing halogen acid gases, suppor ng safer electrical and infrastructure systems. Demand is growing with stricter fire-safety standards, rising EV and infrastructure adop on, and the shi towards sustainable, high-performance materials. First Published: Aug 27 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Juniper Green Energy reported a 54.29% YoY increase in consolidated net profit to Rs 33.45 crore in Q1 FY27, compared with Rs 21.68 crore in Q1 FY26. Operating performance remained robust, with EBITDA increasing 86% YoY to Rs 294 crore from Rs 159 crore in Q1 FY26. EBITDA margin expanded to 91% from 88%, indicating benefits from operating leverage as the companys commissioned portfolio scaled up. During the quarter, the company commissioned 601 MWp of renewable energy capacity, comprising 458 MWp of solar and 143 MW of wind capacity. This was the highest renewable energy capacity commissioned by the company in a single quarter. Its operational capacity stood at 2,409 MWp as of 30 June 2026. The company also witnessed improvement in asset utilisation. Capacity Utilisation Factor (CUF) increased to 30.2% from 28.2% YoY, while power generation rose 72% to 944 million units. Wind projects reported a weighted average CUF of 49.9%, while solar projects recorded a CUF of 27.9%. Meanwhile, the companys subsidiary, Juniper Nirjara Energy has executed a power purchase agreement with SJVN to undertake and develop 50MW Firm and dispatchable renewable energy project. The expected annual revenue will be Rs 80 crore. Juniper Green Energy was listed on the stock exchanges on 7 August 2026. The stock debuted at Rs 242 on the BSE, a 7.56% premium to its issue price of Rs 225. Its IPO was subscribed 7.97 times, receiving bids for 46.96 crore shares against 5.89 crore shares on offer. Juniper Green Energy is an independent renewable energy (RE) power producer in India, focused on the development, construction, and operation of utility-scale solar, wind, hybrid, and Firm & Dispatchable Renewable Energy projects. The counter declined 3.46% to Rs 258.40 on the BSE. First Published: Aug 27 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Juniper Green Energy, through its subsidiary, Juniper Nirjara Energy, has signed a 25-year Power Purchase Agreement (PPA) with SJVN on 26 August 2026 for a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project under SJVN FDRE-2 scheme. The PPA has been signed at a tariff of Rs 4.25 per unit for a tenure of 25 years. Under the PPA, the Company has to achieve four hours of peak-hour supply with 90% availability on a monthly basis along with minimum annual Capacity Utilisation Factor (CUF) as per the bid requirement. This project would combine multiple renewable energy technologies including Solar and Battery Energy Storage System (BESS) to meet the supply obligations as per the PPA. With this addition, Juniper Green Energy's portfolio now stands at 11,216 MWp of renewable energy capacity, complemented by 8,989 MWh of BESS capacity, further strengthening its position as a scaled and integrated renewable energy platform. First Published: Aug 27 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Bombay Burmah Trading Corporation surged 12.61% to Rs 1605 after the Supreme Court recalled its earlier observation regarding a Rs 4,655.24 crore lease rent liability linked to the company's erstwhile Singampatti tea estate in Tamil Nadu. The May order had recorded that lease rent of Rs 4,655.24 crore remained to be recovered from BBTCL. The company subsequently challenged the observation, stating that the amount had neither been formally demanded nor finally determined. The Singampatti tea estate is located in the Manjolai hills of Tamil Nadu's Tirunelveli district, within the Western Ghats. BBTCL held about 8,373.57 acres under a 99-year lease granted by the erstwhile Singampatti zamindar in 1929. The estate included tea plantations and settlements such as Manjolai, Kakkachi, Nalumukku and Oothu. The land later came under forest protection, with the area falling within the Kalakkad-Mundanthurai Tiger Reserve. BBTCL eventually discontinued plantation and factory operations in June 2024 and completed the handover of the remaining estate land to the Tamil Nadu Forest Department in July 2026. BBTCL had also pointed out that the civil appeals before the Supreme Court did not concern the lease rent issue. It said the earlier lease rent demands of about Rs 231.9 crore had been quashed by the Madras High Court and remanded for re-quantification after providing the company an opportunity of being heard. In its latest order, the Supreme Court noted that the Rs 4,655.24 crore amount had neither been the subject of a notice served on BBTCL nor finally determined after giving the company an opportunity of hearing. The court accordingly recalled the observations in paragraph 59 of its 29 May order to the extent that they referred to BBTCL's lease rent liability. The latest order does not determine the underlying lease rent dispute. BBTCL said it will continue to take necessary steps in the matter and keep stakeholders informed of material developments. BBTCL is primarily involved in manufacturing and sale of electric components, tea, dental products, biscuits, other agricultural products, revenue from construction contracts and rental income from horticulture. Other sources of revenue include scrap sales, income from sale of electricity and subsidies from government. On a consolidated basis, Bombay Burmah Trading Corporation's net profit rose 19.72% to Rs 288.16 crore while net sales rose 9.26% to Rs 5052.15 crore in Q1 June 2026 over Q1 June 2025. First Published: Aug 27 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 10:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Devyani, Sapphire Foods shares rise 3% after revision of merger scheme First Published: Aug 27 2026 | 9:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Transfers 30% stake in Bikaji Bakes to Thayekunni Khaleel Bikaji Foods International (Bikaji Foods) today announced a strategic partnership with Thayekunni Khaleel, a world-renowned technical expert in the bakery industry, through Bikaji Bakes (BBPL/ Bikaji Bakes). As part of the partnership, Bikaji Foods has transferred a 30% equity stake in BBPL to Thayekunni Khaleel, while retaining a 70% majority stake. BBPL will continue to remain a subsidiary of Bikaji Foods. First Published: Aug 27 2026 | 9:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For ACME Renewtech Sixth 300 MW Assured Peak Power Project ACME Solar Holdings (ACME Solar) has secured Rs 1,571 crore long-term project funding from India Infrastructure Finance Company (IIFCL) for the construction and development of ACME Renewtech Sixth 300 MW assured peak power project in Rajasthan. This project financing, secured at a competitive rate of interest, marks IIFCL's first sole greenfield finance to ACME, with IIFCL acting as the sole lender for the project with a repayment tenor of 19 years. The current funding milestone takes the overall financing secured by ACME Solar during this fiscal to Rs 10,976 crore. The Power Purchase agreement (PPA) for this project has been executed with SECI for a period of 25 years at a tariff of INR 6.28/unit. ACME Greentech Seventh assured peak power project combines multiple renewable energy technologies including Solar and Battery Energy Storage System (BESS) to meet the supply obligations under its PPA ensuring higher predictability and dispatchability. The project entails a total capex of Rs 2123 crore and forms part of ACME Solar's broader battery-storage capital deployment programme for the current financial year. First Published: Aug 27 2026 | 9:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 81.24% to Rs 291.20 crore First Published: Aug 27 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 15.05% to Rs 119.15 crore First Published: Aug 27 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Steel Authority of India (SAIL) barred from fresh F&O positions on 27 August 2026. Stocks to Watch: Bharat Electronics has received additional order worth Rs 730 crore. The major orders received include communication equipment, radar, avionics, tank sub system, electro optics, cyber security, perimeter security, medical electronics, EVM, jammers, batteries, spares, services. Juniper Green Energy reported 54.29% jump in consolidated net profit to Rs 33.45 crore in Q1 FY27 compared with Rs 21.68 crore in Q1 FY26. Revenue from operations surged 81.25% to Rs 291.19 crore in Q1 FY27. Additionally, the companys subsidiary, Juniper Nirjara Energy has executed a power purchase agreement with SJVN to undertake and develop 50MW Firm and Dispatchable Renewable Energy Project. Vikram Solar has acquired Vikram Solar Australia to support the companys overseas expansion strategy. The total consideration was $50,000 for 67,683 equity shares of face value AUD 1.00 per equity share. B R Goyal Infrastructure has received a work order from the National Highways Authority of India (NHAI) for the engagement of user fee agency through e-Tender for Surapattu Fee Plaza in the state of Tamil Nadu. The said work order is valued at Rs 119.84 crore. UPL annuounced that its group chief operating officer (COO), Toshan Tamhane, has decided to step down from the position to pursue entrepreneurial ventures. First Published: Aug 27 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty September 2026 futures were up 5.50 points, indicating a mildly positive opening for the Nifty 50. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 502.63 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 6,425.16 crore in the Indian equity market on 26 August 2026, according to provisional data. FPIs bought shares worth Rs 15491.48 crore in August so far, through 26 August 2026. This follows net cash purchases of Rs 6,731.97 crore in July 2026, while they were net sellers of Rs 53,957.90 crore in June 2026. Global Markets: US stock futures traded 178 points higher on Thursday, signalling a positive start for Wall Street. Asian stocks advanced for a third straight session, with technology shares leading gains following Nvidia's results. The Bank of Korea raised its benchmark interest rate by 25 basis points to 3.00% on Thursday. It was the second consecutive hike as the central bank sought to contain persistent inflation and address financial stability risks. The BOK also raised its 2026 growth forecast to 3.3% from 2.6%. Chinas industrial profits growth in July slowed to its weakest pace this year, expanding 11.2% from a year earlier, according to National Bureau of Statistics data on Thursday. For the first seven months of this year, profits climbed 17.6% from a year earlier, losing momentum following the 18.7% rate in the first half-year. Wall Street ended slightly lower on Wednesday. The Dow Jones Industrial Average declined 0.21%, the S&P 500 eased 0.02% and the Nasdaq Composite slipped 0.08%. Investors weighed higher-than-expected headline inflation against Nvidia's earnings, released after the market close. US inflation remained elevated in July. The Personal Consumption Expenditures price index rose 3.7% year-on-year, unchanged from June and above the 3.6% market expectation. On a monthly basis, the index increased 0.2%. Core PCE inflation, which excludes food and energy, rose 3.3% year-on-year and 0.2% month-on-month. Nvidia reported quarterly revenue of $96.22 billion, more than double the year-ago figure. Adjusted earnings stood at $2.22 per share, also ahead of market expectations. Data centre revenue reached $89 billion, more than doubling from a year earlier. The company forecast third-quarter revenue of $108 billion, plus or minus 2%. The outlook was above the average Wall Street estimate of around $104.2 billion. Nvidia also projected around 70% revenue growth for the fiscal year ending January 2028, reinforcing expectations of sustained demand for AI infrastructure. Nvidia shares jumped around 4.7% in extended trading following the results. The strong outlook is expected to provide a fresh boost to semiconductor and technology stocks across global markets. Domestic Market: Domestic equity indices ended lower on Wednesday as investors booked profits at higher levels and remained cautious ahead of the US July Personal Consumption Expenditures inflation data, the Federal Reserve's preferred inflation gauge. The data is expected to provide fresh clues on the outlook for US interest rates. IT stocks led sectoral declines ahead of Nvidia's results, which are being closely watched for signals on AI-related spending and the sustainability of the technology-led market rally. Reliance Industries declined 1.44%, adding to pressure on the benchmarks. In contrast, financial stocks and private banks gained, while cement and metal stocks also advanced. Lower crude oil prices provided some support to sentiment. Brent crude fell below $86 a barrel amid signs of progress towards improving shipping safety through the Strait of Hormuz. The Nifty 50 fell 126.80 points, or 0.52%, to 24,207.75, while the S&P BSE Sensex declined 183.15 points, or 0.24%, to 77,472.94. The Nifty touched an intraday high of 24,378.60 before settling below the 24,250 mark. First Published: Aug 27 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
40 of 53 listings in 2026 trade above IPO price; 3 double investors’ money First Published: Aug 27 2026 | 8:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Prudential Plc plans to sell a 2 per cent stake in India's second-largest asset manager, ICICI Prudential AMC, for as much as $327 million to comply with minimum public shareholding rules. First Published: Aug 27 2026 | 8:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Prudential Plc plans to sell a 2 per cent stake in India's second-largest asset manager, ICICI Prudential AMC, for as much as $327 million to comply with minimum public shareholding rules. First Published: Aug 27 2026 | 8:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tech view: Nifty eyes 24,492; Vedanta, Nykaa among top bets by Jatin Gedia First Published: Aug 27 2026 | 8:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SME IPOs: Sebi mulls regulatory reset First Published: Aug 27 2026 | 8:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lemon Tree Hotels announced the opening of its 13th operational property in Gujarat, Lemon Tree Premier, Vadodara, strengthening its presence in one of the state's key commercial and cultural centres. Lemon Tree Premier, Vadodara features 94 rooms and suites, along with dining, business, recreation and event facilities. The property includes Citrus Caf a multi-cuisine restaurant, a Tea Lounge and in-room dining services. It also offers banquet and meeting spaces for conferences, corporate events and social gatherings. The hotel features a swimming pool, spa and fitness centre, besides a business centre, 24x7 front desk and housekeeping services, on-site and valet parking and other guest facilities. Vishvapreet Singh Cheema, president, Lemon Tree Hotels, said, Vadodara has been an important market in our Gujarat portfolio, and opening our fourth property here reflects both the strength of demand and the depth of our long-term commitment to the market. By bringing Lemon Tree Premier to Vadodara alongside the existing Lemon Tree Hotel, Keys Select and Keys Lite properties, we are able to address a wider range of traveller needs, from efficient midscale stays to upscale hospitality. As we expand our operational footprint to 13 hotels across Gujarat, backed by a robust pipeline of 19 upcoming properties, our focus remains firmly on building an interconnected network that delivers the consistency, choice, and trusted hospitality our guests value across every journey." Lemon Tree Hotels (LTHL) is one of the largest hotel chains in India and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale, and economy segments. The group offers seven brands to meet guests needs across all levels, viz., Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels, and Keys Lite by Lemon Tree Hotels. The companys consolidated net profit was Rs 46.03 crore in Q1 FY27 compared with Rs 38.33 crore posted in Q1 FY26. Revenue from operations rose 9.13% YoY to Rs 344.61 crore in Q1 FY27. The scrip shed 0.41% to settle at Rs 108.75 on the BSE. First Published: Aug 27 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks rose at the start of the Asia-Pacific trading session on Thursday as Nvidia's latest earnings report beat estimates. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 27 2026 | 8:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to open on a negative note. Asian markets were trading on a mixed note. Investors assessed the earning outlook from the Nvidia Corp. First Published: Aug 27 2026 | 7:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IPO fundraising in FY27 trails last year despite July-August pickup First Published: Aug 27 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Zinc among 3 top stock picks by Bonanza for short term First Published: Aug 27 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IPO boom returns as July-August drive 69% of 2026 fundraising First Published: Aug 27 2026 | 7:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Data shows 164 companies are sitting on Sebi approvals, with an estimated offer size of ?2.65 trillion. Illustration: Binay Sinha First Published: Aug 27 2026 | 7:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Arun Kejriwal First Published: Aug 27 2026 | 7:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 27 2026 | 12:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Commerce and Industry Minister Piyush Goyal on Wednesday proposed an India-Japan startup pitching series, on the lines of the popular 'Shark Tank' format, to connect young startups from the two countries with investors and potential business partners. Addressing a roundtable on startups, Goyal said such pitching sessions could be organised virtually, leveraging digital connectivity, to facilitate greater interaction between Indian and Japanese startups. "India and Japan can develop a pitching series, something like the Shark Tank initiative, that can help young startups pitch," Goyal said. He said Indian startups could pitch their ideas to Japanese investors, while Japanese startups could seek partners and business opportunities in India. "In this world of global connectivity through Zoom calls and the internet, I think we can have more and more pitching sessions where Indian startups pitch for Japanese investments and Japanese startups pitch for partners in India," he said. Goyal said the initiative could help deepen commercial ties between the two countries by moving beyond initial pitches towards actual business collaboration. "Together we build more business connects, and move from pitches to pilots, to investment, and to scale," he said. The minister also extended an invitation to Japanese businesses and startups to work with India, saying stronger economic cooperation between the two countries would create broader opportunities for prosperity. "Warm invitation to all of you to India and to work together because together Japan and India become a force multiplier for good, for prosperity and for a better future," Goyal said. The minister also invited Japan's "patient" capital and precision engineering to partner with Indian firms. "I suggest the Japan-India deeptech capital corridor, where larger pools of patient capital, not only for mature unicorns but particularly early-stage funding, can help catalyse these startups' ideas and Innovations into success stories," he said. He added that India offers a complete bouquet from design to large-scale deployment, and the country has a market not only for testing products, but to sell and deploy products also. He suggested increasing cooperation between universities, incubators, and venture funds. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 26 2026 | 11:47 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 11:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 11:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 11:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 11:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 11:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 11:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 11:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 11:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 11:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 26 2026 | 11:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 26 2026 | 11:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 26 2026 | 11:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 26 2026 | 11:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 26 2026 | 11:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 26 2026 | 11:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 26 2026 | 11:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 26 2026 | 11:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 26 2026 | 11:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 10:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 9:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 9:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 9:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 9:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 9:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 9:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 9:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 9:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 9:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 9:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 9:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 9:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 9:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 9:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 8:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On a per-card basis, average monthly spending was ?17,064, down 2.1 per cent Y-o-Y and up 2.4 per cent M-o-M This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On a per-card basis, average monthly spending was ?17,064, down 2.1 per cent Y-o-Y and up 2.4 per cent M-o-M This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content ROI Spectrum Launches AI-Powered Search Technology Suite. As It Expands Its Full-Funnel Digital Growth Platform First Published: Aug 26 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sugar demand in India typically peaks during the festival season, which begins in late August and runs through January, as people consume more traditional sweets and processed foods First Published: Aug 26 2026 | 7:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sugar demand in India typically peaks during the festival season, which begins in late August and runs through January, as people consume more traditional sweets and processed foods First Published: Aug 26 2026 | 7:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sugar demand in India typically peaks during the festival season, which begins in late August and runs through January, as people consume more traditional sweets and processed foods First Published: Aug 26 2026 | 7:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sugar demand in India typically peaks during the festival season, which begins in late August and runs through January, as people consume more traditional sweets and processed foods First Published: Aug 26 2026 | 7:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 7:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 7:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Abhishek Agarwal, Whole-time director and Chief Executive Officer, Purple Style Labs Limited First Published: Aug 26 2026 | 7:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Abhishek Agarwal, Whole-time director and Chief Executive Officer, Purple Style Labs Limited First Published: Aug 26 2026 | 7:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Arnold Su: Vice President, Consumer & Gaming PC, System Business Group, Asus India This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Arnold Su: Vice President, Consumer & Gaming PC, System Business Group, Asus India This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Arnold Su: Vice President, Consumer & Gaming PC, System Business Group, Asus India This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dabur’s Q1 performance was broadly in line with estimates. Revenue in the quarter grew 10.6 per cent Y-o-Y, the highest growth in 12 quarters This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dabur’s Q1 performance was broadly in line with estimates. Revenue in the quarter grew 10.6 per cent Y-o-Y, the highest growth in 12 quarters This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 6:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Overall, the NSE Nifty Private Bank index gained 1 per cent, outperforming the Nifty PSU Bank index, which rose 0.8 per cent | Bloomberg First Published: Aug 26 2026 | 6:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The scope of work includes design, engineering, supply, installation, testing and commissioning of grid-connected rooftop solar PV systems, along with operations and maintenance for a period of five years. The respective work orders are to be executed within 60 days from their issuance. The company clarified that the transaction does not constitute a related-party transaction and that neither the promoters nor the promoter group companies have any interest in the work contract. GK Energy is one of Indias leading decentralised renewable energy infrastructure execution companies specializing in decentralized clean energy solutions, including solar-powered agricultural pumping systems, rooftop solar installations, and distributed renewable energy projects. GK Energys standalone net profit surged 61.55% year-on-year (YoY) to Rs 59.67 crore in Q1 FY27 from Rs 36.94 crore in the corresponding quarter last year. Revenue from operations jumped 71.10% YoY to Rs 505.19 crore. First Published: Aug 26 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 6:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NHC Foods announced that its Board has approved a preferential issue of up to 25.60 crore convertible warrants at an issue price of Rs. 2.10 per warrant, aggregating to Rs.53.76 crore. Satyam S Joshi HUF is proposed to receive 14 crore warrants under the issue, making it the largest allocation and reflecting a significant increase in management's stake in the Company. The proposed participation by Satyam S Joshi HUF is the largest allocation under the issue, with 14 crore warrants proposed to be allotted to the entity. Upon full conversion, these warrants would translate into 14 crore equity shares, representing an 11.67% shareholding in the Company. The proposed warrant allotment comes alongside the recent conversion of 19 FCCBs (Foreign Currency Convertible Bonds) into 18.18 crore equity shares, further strengthening NHC Foods' capital base. The warrants will carry a 1:1 conversion ratio, with each warrant convertible into one equity share of the Company within 18 months from the date of allotment. Investors will be required to pay 25% of the issue price upfront, with the remaining 75% payable at the time of conversion. First Published: Aug 26 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Godrej Consumer Products (GCPL) inaugurated its 4th manufacturing unit at Malanpur, Madhya Pradesh, on 26 August. This marks a significant milestone in Madhya Pradesh's industrial growth story and reinforces the state's position as a preferred destination for large scale manufacturing investment. GCPL has been operational in Malanpur since 1991. Located in the Industrial Area, Malanpur, District Bhind, the plant spans a total of 65 acres with a cumulative investment of Rs 850 crore. Over three decades, the site has evolved into a critical pillar of GCPL's manufacturing ecosystem, producing soaps, hair colours, household insecticides and more. With this expansion, the site is adding its 4th manufacturing unit at an investment of over Rs 480 crore. First Published: Aug 26 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharat Electronics (BEL) announced that it has secured additional orders worth Rs 730 crore since its last disclosure on 10 August 2026. Bharat Electronics (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures electronic products and systems for the army, navy, and air force. The company reported an 8.17% year-on-year (YoY) increase in standalone net profit to Rs 1,048.33 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 969.13 crore in the corresponding quarter last year. Revenue from operations rose 25.27% YoY to Rs 5,533.06 crore in Q1 FY27, reflecting healthy execution across its order pipeline. The counter shed 0.91% to settle at Rs 407.30 on the BSE. First Published: Aug 26 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mold-Tek Packaging said its board has approved and recommended a bonus issue of equity shares in the ratio of 1:1, subject to shareholders' approval. The company will announce the record date in due course. The company's free reserves and retained earnings available for capitalization stood at Rs 655.12 crore as of 31 March 2026. The board also recommended a final dividend of Rs 3 per equity share of Rs 5 each for FY2026. The record date or book closure period for the dividend will be announced separately. The board approved the appointment of Rana Pratap Janumahanti, son of chairman and managing director Lakshmana Rao Janumahanti, as director - marketing and strategy and whole-time director for five years from 1 October 2026, subject to shareholders' approval. He has over 14 years of experience with Mold-Tek Packaging and currently serves as senior vice president - corporate. The board also approved the appointment of Chintamaneni Vasant Kumar Roy as an additional director and non-executive independent director for five years from 26 August 2026, subject to shareholders' approval. Mold-Tek Packaging further said Subramanyam Adivishnu and P. Venkateswara Rao will be redesignated as technical director and commercial director, respectively, with effect from 1 April 2027 for the remainder of their tenure. The company will hold its 29th Annual General Meeting on 21 September 2026 through video conference or other audio-visual means. Mold-Tek Packaging is a leading Indian manufacturer of injection-moulded rigid plastic packaging containers. The company has 12 manufacturing units and two stock points across India, with installed injection-moulding capacity of over 63,000 TPA. It supplies packaging products for the lubricants, paints, food and FMCG industries. On a standalone basis, Mold-Tek Packaging's net profit rose 14.15% to Rs 25.57 crore while net sales rose 24.90% to Rs 300.45 crore in Q1 June 2026 over Q1 June 2025. Shares of Mold-Tek Packaging rose 0.26% to 708.65 on the NSE. First Published: Aug 26 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 5:47 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Highlighting the leadership position of SBI in the housing finance segment, its Chairman CS Setty said the mortgage portfolio is set to cross an important milestone of ?10 trillion in the current quarter on the back of robust demand. The country's largest lender had surpassed ?9 trillion home loan portfolio during the last financial year. "We should be reaching the 10 trillion mark, hopefully in this quarter itself," Setty told PTI in an interview. SBI has a market share of nearly 28 per cent in the home loan segment, he said, adding that the bank has focused on making home loans accessible across the country. The lender has more than 460 home loan processing centres across India, increasing accessibility of its housing finance products. Setty said transparency in pricing and customer trust in the bank's processes, including documentation and due diligence of builders, are among the key factors driving customers to the lender for home loans. "People trust SBI the most when it comes to taking a home loan...that paperwork is properly done, including the due diligence on the builder," he said. He also emphasised that home loans should not be viewed merely as a standalone banking product, given their wider contribution to economic activity and multiplier effect on many allied industries. "Home loan as a segment is very important for the economy," he said, noting that more than 200 industries depend on commercial and residential real estate. "In a way, home loan should not be seen as a standalone product. It is to be seen as an integral part of India's economic growth," he said. About securitisation of home loans, Setty said the outstanding pool at the industry level is more than ?30 trillion, but the assets remain relatively illiquid, limiting banks' ability to recycle capital and expand lending. Globally, he said, the mortgage book is more liquid, while in India, it is mostly illiquid, with a few securitisation here and there happening but not in a big way. "We are also looking at how we can bring securitisation structures into the market. However, for these structures to work effectively, there has to be adequate participation from the non-bank sector. We are, therefore, consciously working to develop and enable such structures, with the objective of strengthening funding capabilities and deepening the overall ecosystem," he said. "We are working with the investors with regard to the structure and tenure of paper. We are working out the nitty-gritty. This year, we are keen to do one transaction in the space," he said. This would help the bank further expand its lending capacity, he added. As RBI's concessional swap window draws to a close this month-end, Setty expressed confidence that the bank would garner about USD 10 billion from non-resident Indians and foreign investors. Earlier this month, the Reserve Bank of India advanced the closure of the Foreign Currency Non-Resident Bank (FCNR-B) deposits swap window by a month to August 31 from the earlier cut-off date of September 30. However, the special US Dollar-Rupee forex swap window to give cheap currency hedging support to public sector undertakings (PSUs) raising External Commercial Borrowings (ECBs) is available till December 31, 2026. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 26 2026 | 5:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Highlighting the leadership position of SBI in the housing finance segment, its Chairman CS Setty said the mortgage portfolio is set to cross an important milestone of ?10 trillion in the current quarter on the back of robust demand. The country's largest lender had surpassed ?9 trillion home loan portfolio during the last financial year. "We should be reaching the 10 trillion mark, hopefully in this quarter itself," Setty told PTI in an interview. SBI has a market share of nearly 28 per cent in the home loan segment, he said, adding that the bank has focused on making home loans accessible across the country. The lender has more than 460 home loan processing centres across India, increasing accessibility of its housing finance products. Setty said transparency in pricing and customer trust in the bank's processes, including documentation and due diligence of builders, are among the key factors driving customers to the lender for home loans. "People trust SBI the most when it comes to taking a home loan...that paperwork is properly done, including the due diligence on the builder," he said. He also emphasised that home loans should not be viewed merely as a standalone banking product, given their wider contribution to economic activity and multiplier effect on many allied industries. "Home loan as a segment is very important for the economy," he said, noting that more than 200 industries depend on commercial and residential real estate. "In a way, home loan should not be seen as a standalone product. It is to be seen as an integral part of India's economic growth," he said. About securitisation of home loans, Setty said the outstanding pool at the industry level is more than ?30 trillion, but the assets remain relatively illiquid, limiting banks' ability to recycle capital and expand lending. Globally, he said, the mortgage book is more liquid, while in India, it is mostly illiquid, with a few securitisation here and there happening but not in a big way. "We are also looking at how we can bring securitisation structures into the market. However, for these structures to work effectively, there has to be adequate participation from the non-bank sector. We are, therefore, consciously working to develop and enable such structures, with the objective of strengthening funding capabilities and deepening the overall ecosystem," he said. "We are working with the investors with regard to the structure and tenure of paper. We are working out the nitty-gritty. This year, we are keen to do one transaction in the space," he said. This would help the bank further expand its lending capacity, he added. As RBI's concessional swap window draws to a close this month-end, Setty expressed confidence that the bank would garner about USD 10 billion from non-resident Indians and foreign investors. Earlier this month, the Reserve Bank of India advanced the closure of the Foreign Currency Non-Resident Bank (FCNR-B) deposits swap window by a month to August 31 from the earlier cut-off date of September 30. However, the special US Dollar-Rupee forex swap window to give cheap currency hedging support to public sector undertakings (PSUs) raising External Commercial Borrowings (ECBs) is available till December 31, 2026. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 26 2026 | 5:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
EAC-PM's paper suggests consolidation of equal sized banks without compromising market competition India should make efforts to consolidate banks in such a manner that a few big banks of equal size would be created, without compromising market competition in the industry, the Economic Advisory Council to the Prime Minister (EAC-PM) said in a working paper. "Though the concentration in the Indian banking industry is low, the market share of the banks varies significantly, starting from 20 per cent to below 1 per cent. "In this context, India should make efforts to consolidate the banks in such a manner that a few big banks of equal size would be created, without compromising market competition in the industry," the EAC-PM said. The paper noted that the bank consolidation was intended to create institutions with stronger capital bases, wider geographic reach and greater capacity to finance large projects. It pointed out that the merger of State Bank of India's associate banks in 2017, the Bank of Baroda-Vijaya Bank-Dena Bank merger in 2019, and the consolidation of 10 public sector banks into 4 banks in 2020 reduced the number PSBs from 27 to 12. "Consolidation brought scale and potential operational synergies, although the full benefits did materialise on successful technology integration, harmonised risk cultures and sustained improvements in productivity," the paper said. Noting that the efforts made by the government and RBI to bring efficiency and productivity in the Indian banking sector have achieved the objective, the paper said the takeover of the weaker banks impacted the efficiency and productivity of the acquiring banks. "In future, bank digitization paired with artificial intelligence (AI) will increase efficiency by autonomous, self-optimizing ecosystems," it said. Beginning 2014, the paper said the Indian banking sector has undergone one of its most consequential transformations from a legacy of stalled infrastructure projects and restructuring of stressed loans. "Formal financial access was also uneven, while digital banking remained at an early stage,"it said, adding that by 2026, the sector had moved from repairing legacy stress to financing a broader investment and consumption cycle. The authors of the paper selected 47 banks for the study period, FY15 to FY26 (12 years) and employed Data Envelopment Analysis (DEA) to calculate efficiency and productivity of banks. "The results indicate that the mean technical efficiency (TE) of the sample banks had improved from 77.99 per cent in FY20 to 88.34 per cent in FY26," it said According to the report, the bank group wise results for FY15 to FY26 indicate that contrary to popular perceptions, public sector banks (PSBs) efficiency improved to 93.12 per cent in FY26, while the efficiency of private banks was at 86.02 per cent in FY26. Foreign banks efficiency remained 83-85 per cent during FY20 to FY26. The paper noted that in the long term, banking in India will change. "Some of the main drives of this change will include hyper-personalization through AI that will tailor the needs of young individual customers," the EAC-PM said, adding that subsequently, there will be a shift from reactive to proactive service deepening customer relationships and increase institutional loyalty. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 26 2026 | 5:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cemindia Projects Ltd. logo First Published: Aug 26 2026 | 5:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 6.96 crore shares as against 1.31 crore shares on offer. The issue opened for bidding on 24 August 2026 and it will close on 27 August 2026. The price band of the IPO is fixed between Rs 938 and 988 per share. An investor can bid for a minimum of 15 equity shares and multiples thereof. The IPO comprises a fresh issue of equity shares worth up to Rs 150 crore and an offer for sale aggregating up to Rs 1,607 crore by Satwani Holdings LLP, Rosewood Investments, and India Business Excellence Fund III. The objectives for the fresh issue includes Rs 112.5 crore for Prepayment/repayment of certain outstanding borrowings, and remaining amount for general corporate purpose. The promoters are Anil Satwani, Kashish Satwani, Sushil Satwani and Satwani Holdings LLP. The promoters and promoter group hold an aggregate of 2,28,41,312 equity shares, aggregating to 36.41% of the pre-offer issued and paid-up equity share capital. Their post IPO shareholding is expected to be around 33.28%. Symbiotec Pharmalab is a research-driven pharmaceutical and biotechnology company with over 30 years of experience, engaged in APIs, CDMO services and complex injectables. The company has a strong global position in corticosteroid and steroidal-hormone APIs, with a portfolio of 60+ APIs supplied to over 200 customers across 40+ countries. It follows a backward-integrated farm/microbe-to-pharmacy model, with in-house manufacturing of key starting materials for over 80% of its products by revenue. The company is also expanding into biologics, GLP-1, insulin, niche APIs and complex injectables, supported by its R&D and manufacturing capabilities. Ahead of the IPO, Symbiotec Pharmalab on Friday, 21 August 2026, raised Rs 526.19 crore from anchor investors. The board allotted 53.28 lakh shares at Rs 988 each to 34 anchor investors. The firm reported a consolidated net profit of Rs 109.88 crore and sales of Rs 869.15 crore for the twelve months ended on 31 March 2026. First Published: Aug 26 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 5:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 82.71 lakh shares as against 1.76 crore shares on offer. The issue opened for bidding on 25 August 2026 and will close on 28 August 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 151 equity shares and multiples thereof. The issue comprises only of fresh issue of up to 17,683,000 equity shares of Rs 10 face value. Of the net proceeds, the company intends to use Rs 15.408 crore towards funding capital expenditure requirements of the company for purchase of machinery or equipment; Rs 115 crore towards funding working capital requirements of the company; and balance towards general corporate purposes. Annu Projects, established in 2003, is engaged in the design, development, implementation, operations and maintenance of essential overhead and underground utilities infrastructure across telecom, sewerage, gas pipeline and railway signaling verticals. In the telecom infrastructure vertical, it is primarily engaged in surveying, designing, and installing cabling and tower infrastructures for communication, automation, and electronic security systems. Core activities of the company in sewerage infrastructure vertical include pipe laying, construction of manholes, construction of sewerage treatment plants, construction of pumping stations, and construction of structural facilities essential for supporting sewerage operations, construction of storm water drainage systems and screening chambers for combined or sanitary sewers. In FY26 revenue from operations, about 41.50% is accounted by telecom infrastructure, 52.67% from sewerage infrastructure, 4.03% from gas pipeline and 1.80% from others including trading of machines etc. As on June 30, 2026, it owned a fleet of more than 558 machine and equipment (such as horizontal directional drilling machine, excavators, splicing machine, digitrak machine, OTDR machine, HDPE pipe welding machine etc) The firm reported a consolidated net profit of Rs 33.03 crore and sales of Rs 241.25 crore for the twelve months ended on 31 March 2026. First Published: Aug 26 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 15.02 crore shares as against 2.95 crore shares on offer. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 131 and 138 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof. The offer comprises a fresh issue as well as OFS by the selling shareholders. The fresh issue comprises issue of 28,89,8300 equity shares of Rs 10 each and the offer for sale comprise sale of 1,33,33,300 equity shares of Rs 10 each Of the net proceeds from fresh issue the company will utilize Rs 216.7867 crore towards repayment of certain outstanding borrowings availed by the company & its subsidiary and Rs 130 crore towards funding incremental working capital requirements and balance general corporate purposes. Ahead of the IPO, Skyways Air Services on Friday, 24 August 2026, raised Rs 174.54 crore from anchor investors. The board allotted1.26 crore shares at Rs 138 each to 17 anchor investors. Skyways Air Services (SASL), provides comprehensive suite of services, including air freight forwarding, ocean freight forwarding, trucking, warehousing, custom broking, technology driven express cargo and parcel delivery and a wide range of value-added services (VAS). The company has performance-based agreements with several leading global airlines, including Qatar Airways, Saudi Cargo, Air India Cargo, Turkish airlines and Lufthansa. In FY26, revenue from operations, about 77.02% is from air cargo services, 15.02% from ocean cargo services, 5.79% from express cargo & parcel, 1.38% from trucking, 0.61% from value added services, 0.13% from warehousing and 0.05% from sale of products (commerce and other retail products). The firm reported a consolidated net profit of Rs 41.01 crore and sales of Rs 2,812.90 crore for the twelve months ended on 31 March 2026. First Published: Aug 26 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 92.10 crore shares as against 1.84 crore shares on offer. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 50 and 53 per share. An investor can bid for a minimum of 283 equity shares and multiples thereof. The offer comprises fresh issue by the company as well as offer for sale by the selling shareholders. The fresh issue comprises issue of new equity shares of Rs 5 each aggregating to Rs 60 crore and the offer for sale comprise sale of 1,42,89,450 equity shares of Rs 5 each. The entire offer for sale is by promoters. Of the net proceeds from fresh issue the company will utilize Rs 16 crore towards repayment of certain outstanding borrowings availed by the company, Rs 29.966 crore towards funding capital expenditure requirement of the company for expansion at Kavathe Unit, Shirwal Unit and Pithampur Unit I. The balance is towards general corporate purposes.Post-expansion, the estimated installed capacity at Shirwal, Pithampur Unit-I and Kavathe is expected to increase by 45.00%, 83.08% and 41.25 % respectively, subject to timely commissioning. Ahead of the IPO, Hy-Tech Engineers on Friday, 24 August 2026, raised Rs 40.72 crore from anchor investors. The board allotted 76.83 lakh shares at Rs 53 each to 8 anchor investors. Hy-Tech Engineers, promoted by Hemant Tukaram Mondkar, a technocrat, is an engineering company engaged in the design, manufacture and supply of hydraulic fittings catering to diverse industrial applications, with over four decades of operational experience in the hydraulics industry. Its product portfolio comprises standard hydraulic fittings viz. DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings and conversion fittings, as well as fittings customized to customer specifications. The company caters to diverse application needs across industries such as construction machinery, automotive, farming machinery, injection moulding machines and hydraulic systems. In addition, it has obtained certification which enables it to cater to sectors such as railways and defence, thereby expanding its addressable market. In FY26, construction machinery contributed 22.94% to sales from operations, followed by farming at 22.83%, automotive at 9.05%, hydraulic systems at 5.09%, injection moulding machines at 3.98%, IPE & Railways at 1.45% and parking systems at 0.29%, while other segments accounted for 34.37%. Domestic sales contributed 70.63% of revenue from operations, compared with 71.70% in FY25, while overseas sales accounted for the remaining 29.37%, up from 28.30% in FY25. The firm reported a consolidated net profit of Rs 22.59 crore and sales of Rs 189.40 crore for the twelve months ended on 31 March 2026. First Published: Aug 26 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Domestic equity indices ended lower on Wednesday as investors booked profits at higher levels and remained cautious ahead of the US July Personal Consumption Expenditures inflation data, the Federal Reserve's preferred inflation gauge. The data is expected to provide fresh clues on the outlook for US interest rates. IT stocks led sectoral declines ahead of Nvidia's results, which are being closely watched for signals on AI-related spending and the sustainability of the technology-led market rally. Reliance Industries declined 1.44%, adding to pressure on the benchmarks. In contrast, financial stocks and private banks gained, while cement and metal stocks also advanced. Lower crude oil prices provided some support to sentiment. Brent crude fell below $86 a barrel amid signs of progress towards improving shipping safety through the Strait of Hormuz. The Nifty 50 fell 126.80 points, or 0.52%, to 24,207.75, while the S&P BSE Sensex declined 183.15 points, or 0.24%, to 77,472.94. The Nifty touched an intraday high of 24,378.60 before settling below the 24,250 mark. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.17% and the BSE 250 SmallCap Index added 0.56%. The market breadth was positive. On the BSE, 2,375 shares rose and 1,944 shares fell. A total of 231 shares were unchanged. Numbers to Track: In the commodities market, Brent crude for October 2026 settlement fell $2.24 or 2.57% to $85.03 a barrel. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.4400 compared with its close of 95.7000 during the previous trading session. MCX Gold futures for 5 October 2026 settlement lost 0.43% to Rs 1,62,115. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.11% to 98.95. The United States 10-year bond yield added 0.04% to 4.641. Global Markets: Most European shares advanced on Wednesday, holding near one-week highs as a sharp decline in crude oil prices eased concerns over inflation and economic growth. Most Asian stocks also ended higher as investors awaited Nvidia's earnings and key US inflation data. Nvidia's results, due after the US market close on Wednesday, are expected to provide fresh clues on AI-related spending and the sustainability of elevated technology valuations. Falling crude oil prices and lower US Treasury yields supported risk assets. Brent crude fell to around $85 a barrel as Iran and Oman discussed an interim framework aimed at resuming shipping through the Strait of Hormuz. The decline in oil prices helped push the US 10-year Treasury yield down to around 4.63%. US consumer confidence also weakened more than expected. The Conference Board's Consumer Confidence Index fell to 89.4 in August from a revised 90.2 in July, marking its lowest level in seven months. The decline was driven mainly by a sharp fall in the expectations index, reflecting increased concerns over business conditions and the labour market. Trade tensions between the US and Canada also intensified. Canada announced targeted counter-tariffs on US goods, matching the corresponding US tariff rates on affected products. The measures cover about $27.6 billion of US imports and will take effect on 8 September. Wall Street ended higher on Tuesday. The Nasdaq Composite rose 0.66%, the S&P 500 gained 0.32% and the Dow Jones Industrial Average advanced 0.30%. Technology and semiconductor stocks rebounded ahead of Nvidia's results, with Nvidia rising 2.19% and AMD gaining 4.91%. Investors are also awaiting the US July Personal Consumption Expenditures price index, due later on Wednesday. The data is closely watched by the Federal Reserve and could influence expectations for the interest-rate outlook. Meanwhile, Federal Reserve Chair Kevin Warsh is scheduled to speak at the Jackson Hole Economic Policy Symposium on Friday, 28 August. His remarks will be closely watched for signals on the Fed's policy path. New Listing: Shares of Gaja Alternative Asset Management ended at Rs 168.70 on the BSE, representing a premium of 5.44% as compared with the issue price of Rs 160. The stock debuted at Rs 185.20 on the BSE, a premium of 15.75% over its issue price. The stock has hit a high of Rs 191.35 and a low of Rs 165.50. On the BSE, over 47.32 lakh shares of the company were traded in the counter. Stocks in Spotlight: The Nifty IT index fell 1.47% to 30,318.85, snapping a two-session winning streak during which the index had gained 0.78%. The decline was driven by concerns over higher costs for Indian IT companies following the proposed US H-1B visa fee. Investors also remained cautious ahead of Nvidia's earnings, which could provide cues on the outlook for AI-related technology spending. Infosys (down 2.10%), Tech Mahindra (1.81%), Wipro (1.52%), LTIMindtree (1.50%), HCL Technologies (1.31%), Mphasis (1.31%), TCS (1.14%), Persistent Systems (1.14%) and Coforge (0.68%) declined. Investors remained concerned about the impact of the proposed $103,265 fee on new H-1B visa applications. The move could increase costs for Indian IT companies with significant US operations. Nasscom has urged the US government to reconsider the proposal. Billionbrains Garage Ventures, the parent company of Groww, fell 3.24% to Rs 196.44 after around 12.75 crore shares, or about 2.1% equity, changed hands in a block deal worth around Rs 2,500 crore. The block deal comes a day after reports said Ribbit Capital was planning to sell around 1.6% stake in the company for about Rs 1,914 crore at a floor price of Rs 195 per share. The floor price represented a 3.95% discount to Groww's closing price of Rs 203.01 on 25 August 2026. Advait Energy Transitions rallied 3.71% after the company announced that it has received a turnkey contract worth Rs 134.62 crore from Madhya Pradesh Power Transmission Company (MPPTCL). MTAR Technologies added 1.92% after the company said that it has secured orders worth Rs 126.7 crore for the supply of coolant channel assemblies for the refurbishment of the RAPS-4 and MAPS-2 reactors. Adani Energy Solutions shed 1.51%. The company said that it has secured a key transmission project for evacuation of renewable energy generated in Karnataka to major load centres in Maharashtra. The project, which entails an estimated capital expenditure of Rs 4,700 crore, will also support the growing pumped storage ecosystem in the Satara, Pune and Mumbai Metropolitan Region (MMR). Fedbank Financial Services advanced 0.29%. The NBFC said that its board has approved an increase in aggregate borrowing limits of the company to Rs 23,000 crore from Rs 18,000 crore earlier. Further, the company's board has also approved a proposal for raising funds by issuing debt instruments, including non-convertible debentures, with an aggregate amount not exceeding Rs 2,500 crore. Subex fell 0.39%. The company said that it has entered into a three-year engagement with a leading African mobile operator for the deployment of its HyperSense Fraud Management solutions. Sai Parenterals rallied 0.71% after the company announced that its subsidiary, Noumed Pharmaceuticals, has renewed its OTC Medicines Supply Agreement with one of Australia's leading multi-billion-dollar pharmacy chains. NBCC (India) shed 0.32%. The company announced that it has received a work order worth approximately Rs 121.74 crore from the Rajasthan Council of School Education in the ordinary course of business. Initial Public Offer (IPO): Hy-Tech Engineers received bids for 91,92,18,243 shares as against 1,81,45,406 shares on offer, according to stock exchange data at 16:54 IST on 25 August 2026. The issue was subscribed 50.66 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 50 and 53 per share. An investor can bid for a minimum of 283 equity shares and multiples thereof. Annu Projects received bids for 82,41,580 shares as against 1,76,83,000 shares on offer, according to stock exchange data at 16:54 IST on 26 August 2026. The issue was subscribed 0.47 times. The issue opened for bidding on 25 August 2026 and will close on 28 August 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 151 equity shares and multiples thereof. Skyways Air Services received bids for 14,99,34,800 shares as against 2,95,83,600 shares on offer, according to stock exchange data at 16:54 IST on 26 August 2026. The issue was subscribed 5.07 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 131 and 138 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof. Symbiotec Pharmalab received bids for 6,94,57,950 shares as against 1,31,24,929 shares on offer, according to stock exchange data at 16:54 IST on 26 August 2026. The issue was subscribed 5.29 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 938 and 988 per share. An investor can bid for a minimum of 15 equity shares and multiples thereof. First Published: Aug 26 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 81.61 crore shares as against 77.15 lakh shares on offer. The qualified institutional buyers' (QIB) portion was subscribed 226.96 times, while the non-institutional investors' (NII) category was subscribed 121.47 times. The retail individual investors' (RII) segment was subscribed 30.98 times. The issue opened for bidding on 21 August 2026 and it closed on 25 August 2026. The price band of the IPO is fixed between Rs 750 and 788 per share. The IPO comprised a fresh issue of equity shares worth up to Rs 620 crore and an offer for sale aggregating up to Rs 205 crore by Namita Ketan Kothari, Vivek Prithviraj Kothari, and Dimple Mukesh Kothari. The objectives of the fresh issue include Rs 465 crore towards future working capital requirements, primarily for procurement, maintenance and scaling up of inventory, as well as funding advance margin requirements for inventory procurement. The remaining proceeds will be used for general corporate purposes. The promoters and promoter group hold an aggregate of 7,74,48,478 equity shares, aggregating to 92.75% of the pre-offer issued and paid-up equity share capital. Their post IPO shareholding is expected to be around 81.91%. Augmont Enterprises is an integrated gold and silver platform operating across the value chain, including procurement and refining, bullion trading, digital gold, jewellery manufacturing, international sales and gold-backed financial services. The company serves businesses and consumers through its Augmont SPOT enterprise platform and Augmont Gold for All consumer platform, with operations spanning 24 states in India. In FY26, 86.8% of revenue came from Augmont SPOT, primarily from gold and silver sales, while consumer-focused offerings contributed 7.1%. The company operates two refining units in Rudrapur and Mumbai with a combined installed capacity of 284 mtpa and has 20 spot delivery centres across 13 states. Its international business includes gold jewellery manufacturing at its Sitapur SEZ unit in Jaipur and sales across markets such as Hong Kong, Turkey and the UAE. The company plans to expand its enterprise customer base, delivery network and product offerings while strengthening its presence across domestic and international markets. Ahead of the IPO, Augmont Enterprises, on 20 August 2026, raised Rs 2.46 crore from anchor investors. The board allotted 31.25 lakh shares at Rs 788 each to 15 anchor investors. The firm reported a consolidated net profit of Rs 333.92 crore and sales of Rs 94,186.21 crore for the twelve months ended on 31 March 2026. First Published: Aug 26 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In the broader market, the S&P BSE Sensex declined 183.15 points or 0.24% to 77,472.94. The Nifty 50 index lost 126.80 points or 0.52% to 24,207.75. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.17% and the BSE 250 SmallCap Index added 0.56%. The market breadth was positive. Among the sectoral indices, the Nifty Cements Index (up 1.66%), the Nifty Metal index (up 1.27%) and the Nifty Private Bank index (up 1.04%) outperformed the Nifty 50 index. Meanwhile, the Nifty IT index (down 1.47%), Nifty FMCG index (down 0.95%) and the Nifty Consumer Durables Index (down 0.93%) the underperformed the Nifty 50 index. Numbers to Track: In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.4400 compared with its close of 95.7000 during the previous trading session. MCX Gold futures for 05 October 2026 settlement lost 0.43% to Rs 1,62,115. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.11% to 98.95. The United States 10-year bond yield added 0.04% to 4.641. In the commodities market, Brent crude for October 2026 settlement fell $2.24 or 2.57% to $85.03 a barrel. Global Markets: European shares traded higher on Wednesday, holding near one-week highs as a sharp slump in crude prices provided macro relief. Meanwhile, in Asia, stocks ended in a higher as investors remained cautious ahead of Nvidia's earnings and key US inflation data. Investors remained focused on Nvidia's results, due after the US market close on Wednesday. The earnings are expected to provide fresh clues on the strength of the artificial intelligence investment cycle and the sustainability of elevated technology valuations. Falling crude oil prices and lower US Treasury yields provided some support to risk assets. Brent crude fell to $86 a barrel mark as Iran and Oman discussed an interim framework aimed at resuming shipping through the Strait of Hormuz. Lower oil prices helped push the US 10-year Treasury yield down to around 4.63%. Sentiment was also affected by weaker-than-expected US consumer confidence. The Conference Board's Consumer Confidence Index fell to 89.4 in August from a revised 90.2 in July, marking its lowest level in seven months. The decline was driven mainly by a sharp fall in the expectations index, reflecting increased concerns over business conditions and the labour market. Trade tensions between the US and Canada also intensified. Canada announced targeted counter-tariffs on US goods, matching the corresponding US tariff rates on affected products. The measures, covering about $27.6 billion of US imports, will take effect on 8 September and include tariffs of 15%, 25% and 50%. Wall Street ended higher on Tuesday. The Nasdaq Composite rose 0.66%, the S&P 500 gained 0.32% and the Dow Jones Industrial Average advanced 0.30%. Technology and semiconductor stocks rebounded ahead of Nvidia's results, with Nvidia rising 2.19% and AMD gaining 4.91%. Investors are also awaiting the US July Personal Consumption Expenditures price index, due later on Wednesday. The data is closely watched by the Federal Reserve and could influence expectations for the interest-rate outlook. Meanwhile, Federal Reserve Chair Kevin Warsh is scheduled to speak at the Jackson Hole Economic Policy Symposium on Friday, 28 August. His remarks will be closely watched for signals on the Fed's policy path. First Published: Aug 26 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Record date is 16 September 2026 First Published: Aug 26 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As per provisional closing data, the S&P BSE Sensex declined 183.15 points or 0.24% to 77,472.94. The Nifty 50 index lost 126.80 points or 0.52% to 24,207.75. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.17% and the BSE 250 SmallCap Index added 0.56%. The market breadth was positive. On the BSE, 2,385 shares rose and 1,933 shares fell. A total of 222 shares were unchanged. New Listing: Shares of Gaja Alternative Asset Management ended at Rs 168.70 on the BSE, representing a premium of 5.44% as compared with the issue price of Rs 160. The stock debuted at Rs 185.20 on the BSE, a premium of 15.75% over its issue price. The stock has hit a high of Rs 191.35 and a low of Rs 165.50. On the BSE, over 47.32 lakh shares of the company were traded in the counter. Initial Public Offer (IPO): Annu Projects received bids for 80,28,821 shares as against 1,76,83,000 shares on offer, according to stock exchange data at 15:35 IST on 26 August 2026. The issue was subscribed 0.45 times. The issue opened for bidding on 25 August 2026 and will close on 28 August 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 151 equity shares and multiples thereof. Skyways Air Services received bids for 14,03,16,900 shares as against 2,95,83,600 shares on offer, according to stock exchange data at 15:32 IST on 26 August 2026. The issue was subscribed 4.74 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 131 and 138 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof. Symbiotec Pharmalab received bids for 6,32,27,445 shares as against 1,31,24,929 shares on offer, according to stock exchange data at 15:33 IST on 26 August 2026. The issue was subscribed 4.82 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 938 and 988 per share. An investor can bid for a minimum of 15 equity shares and multiples thereof. Hy-Tech Engineers received bids for 86,04,10,560 shares as against 1,81,45,406 shares on offer, according to stock exchange data at 15:20 IST on 25 August 2026. The issue was subscribed 47.42 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 50 and 53 per share. An investor can bid for a minimum of 283 equity shares and multiples thereof. Buzzing Index: The Nifty IT index fell 1.47% to 30,318.85. The index rose 0.78% in the past two trading sessions. Infosys (down 2.1%), Tech Mahindra (down 1.81%), Wipro (down 1.52%), LTM (down 1.5%), HCL Technologies (down 1.31%), Mphasis (down 1.31%), Tata Consultancy Services (down 1.14%), Persistent Systems (down 1.14%), Coforge (down 0.68%) fell. Stocks in Spotlight: Adani Energy Solutions shed 0.38%. The company said that it has secured a key transmission project for evacuation of renewable energy generated in Karnataka to major load centres in Maharashtra. The project, which entails an estimated capital expenditure of Rs 4,700 crore, will also support the growing pumped storage ecosystem in the Satara, Pune and Mumbai Metropolitan Region (MMR). Fedbank Financial Services advanced 0.85%. The NBFC said that its board has approved an increase in aggregate borrowing limits of the company to Rs 23,000 crore from Rs 18,000 crore earlier. Further, the company's board has also approved a proposal for raising funds by issuing debt instruments, including non-convertible debentures, with an aggregate amount not exceeding Rs 2,500 crore. Subex fell 0.45%. The company said that it has entered into a three-year engagement with a leading African mobile operator for the deployment of its HyperSense Fraud Management solutions. Sai Parenterals rallied 1.22% after the company announced that its subsidiary, Noumed Pharmaceuticals, has renewed its OTC Medicines Supply Agreement with one of Australia's leading multi-billion-dollar pharmacy chains. NBCC (India) shed 0.13%. The company announced that it has received a work order worth approximately Rs 121.74 crore from the Rajasthan Council of School Education in the ordinary course of business. Advait Energy Transitions rallied 3.38% after the company announced that it has received a turnkey contract worth Rs 134.62 crore from Madhya Pradesh Power Transmission Company (MPPTCL). MTAR Technologies added 2.15% after the company said that it has secured orders worth Rs 126.7 crore for the supply of coolant channel assemblies for the refurbishment of the RAPS-4 and MAPS-2 reactors. Global Markets: European shares traded higher on Wednesday, holding near one-week highs as a sharp slump in crude prices provided macro relief. Asian stocks ended higher as investors awaited Nvidia's earnings and key US inflation data. Investors remained focused on Nvidia's results, due after the US market close on Wednesday. The earnings are expected to provide fresh clues on the strength of the artificial intelligence investment cycle and the sustainability of elevated technology valuations. Falling crude oil prices and lower US Treasury yields provided some support to risk assets. Brent crude fell to $86 a barrel mark as Iran and Oman discussed an interim framework aimed at resuming shipping through the Strait of Hormuz. Lower oil prices helped push the US 10-year Treasury yield down to around 4.63%. Sentiment was also affected by weaker-than-expected US consumer confidence. The Conference Board's Consumer Confidence Index fell to 89.4 in August from a revised 90.2 in July, marking its lowest level in seven months. The decline was driven mainly by a sharp fall in the expectations index, reflecting increased concerns over business conditions and the labour market. Trade tensions between the US and Canada also intensified. Canada announced targeted counter-tariffs on US goods, matching the corresponding US tariff rates on affected products. The measures, covering about $27.6 billion of US imports, will take effect on 8 September and include tariffs of 15%, 25% and 50%. Wall Street ended higher on Tuesday. The Nasdaq Composite rose 0.66%, the S&P 500 gained 0.32% and the Dow Jones Industrial Average advanced 0.30%. Technology and semiconductor stocks rebounded ahead of Nvidia's results, with Nvidia rising 2.19% and AMD gaining 4.91%. Investors are also awaiting the US July Personal Consumption Expenditures price index, due later on Wednesday. The data is closely watched by the Federal Reserve and could influence expectations for the interest-rate outlook. Meanwhile, Federal Reserve Chair Kevin Warsh is scheduled to speak at the Jackson Hole Economic Policy Symposium on Friday, 28 August. His remarks will be closely watched for signals on the Fed's policy path. First Published: Aug 26 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks also followed gains on Wall Street, where a sharp drop in long-term US Treasury yields supported sentiment. Investors remained focused on the US governments fiscal reform plans and awaited more clarity on their potential impact. Markets were also looking ahead to Nvidias earnings report for fresh signs of how strong demand for artificial intelligence-related products remains. Among major stocks, Advantest gained 3.6%, SoftBank Group rose 1.5%, and Mitsubishi UFJ advanced 1.4%. Terra Drone surged more than 20% after Japans Acquisition, Technology & Logistics Agency selected the company to supply its Terra B1 interceptor drone to the Japan Self-Defense Forces. The deal is part of a fast-tracked program to strengthen Japans ability to counter unmanned aircraft. First Published: Aug 26 2026 | 4:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The August 2528 meeting is being closely watched after recent weak economic data and repeated government promises to support growth. Investors are hoping for measures that could help strengthen the economy. Meanwhile, China Merchants Bank is issuing a three-year floating-rate bond linked to the overnight repo rate. It is the first domestic commercial bank to issue such a bond, following the Export-Import Bank of China, which recently made a similar move. The shift shows the PBOCs efforts to make the overnight repo rate a key benchmark for short-term borrowing costs and bring Chinas monetary framework closer to global practices. Among major gainers, Zijin Mining rose 2.35%, SMIC gained 3.46%, Luxshare Precision Industry climbed 4.10%, and Sungrow Power Supply advanced 2.76%. First Published: Aug 26 2026 | 4:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Siyaram Recycling Industries advanced 2.16% to Rs 37.30 after the company announced that it has received orders worth around Rs 5.66 crore from different entities. Another order worth Rs 2.47 crore was received from Sahjanand Impex for a brass meter body. The order is also to be executed within 30 days. The company clarified that both transactions do not constitute related-party transactions and that neither the promoters nor the promoter group companies have any interest in the work contracts. Siyaram Recycling Industries is engaged in recycling brass scrap and manufacturing brass ingots, billets, rods and brass-based components, including plumbing and sanitary fittings, catering to customer-specific requirements. On a standalone basis, the company's net profit fell 74% to Rs 3.79 crore while net sales dropped 29.3% to Rs 361.69 crore in FY25 over FY26. First Published: Aug 26 2026 | 4:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Elitecon International Ltd, Ladderup Finance Ltd, Filatex India Ltd and We Win Ltd are among the other losers in the BSE's 'B' group today, 26 August 2026. Elitecon International Ltd, Ladderup Finance Ltd, Filatex India Ltd and We Win Ltd are among the other losers in the BSE's 'B' group today, 26 August 2026. Blue Cloud Softech Solutions Ltd crashed 10.60% to Rs 19.99 at 14:30 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 19.96 lakh shares were traded on the counter so far as against the average daily volumes of 26.11 lakh shares in the past one month. Elitecon International Ltd tumbled 9.94% to Rs 12.41. The stock was the second biggest loser in 'B' group.On the BSE, 15.88 lakh shares were traded on the counter so far as against the average daily volumes of 10.9 lakh shares in the past one month. Ladderup Finance Ltd lost 8.89% to Rs 49.2. The stock was the third biggest loser in 'B' group.On the BSE, 52 shares were traded on the counter so far as against the average daily volumes of 963 shares in the past one month. Filatex India Ltd fell 8.15% to Rs 75.51. The stock was the fourth biggest loser in 'B' group.On the BSE, 4.53 lakh shares were traded on the counter so far as against the average daily volumes of 1.86 lakh shares in the past one month. We Win Ltd plummeted 7.71% to Rs 47.29. The stock was the fifth biggest loser in 'B' group.On the BSE, 1721 shares were traded on the counter so far as against the average daily volumes of 307 shares in the past one month. First Published: Aug 26 2026 | 4:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SBFC Finance Ltd saw volume of 107.1 lakh shares by 14:14 IST on NSE, a 8.11 fold spurt over two-week average daily volume of 13.21 lakh shares Cyient Ltd, Varun Beverages Ltd, Sagility Ltd, C.E. Info Systems Ltd are among the other stocks to see a surge in volumes on NSE today, 26 August 2026. SBFC Finance Ltd saw volume of 107.1 lakh shares by 14:14 IST on NSE, a 8.11 fold spurt over two-week average daily volume of 13.21 lakh shares. The stock increased 8.39% to Rs.100.55. Volumes stood at 5.87 lakh shares in the last session. Cyient Ltd recorded volume of 104.72 lakh shares by 14:14 IST on NSE, a 7.9 times surge over two-week average daily volume of 13.25 lakh shares. The stock gained 6.96% to Rs.1,047.20. Volumes stood at 47.13 lakh shares in the last session. Varun Beverages Ltd witnessed volume of 264.26 lakh shares by 14:14 IST on NSE, a 7.81 times surge over two-week average daily volume of 33.85 lakh shares. The stock dropped 3.82% to Rs.421.25. Volumes stood at 94.81 lakh shares in the last session. Sagility Ltd notched up volume of 848.82 lakh shares by 14:14 IST on NSE, a 6.1 fold spurt over two-week average daily volume of 139.24 lakh shares. The stock rose 2.81% to Rs.44.23. Volumes stood at 151.62 lakh shares in the last session. C.E. Info Systems Ltd notched up volume of 7.16 lakh shares by 14:14 IST on NSE, a 5.86 fold spurt over two-week average daily volume of 1.22 lakh shares. The stock rose 5.12% to Rs.1,013.70. Volumes stood at 1.38 lakh shares in the last session. First Published: Aug 26 2026 | 4:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bank of Maharashtra is quoting at Rs 86.07, up 5.35% on the day as on 12:49 IST on the NSE. The stock is up 63.85% in last one year as compared to a 0.91% slide in NIFTY and a 28.29% slide in the Nifty PSU Bank index. Bank of Maharashtra gained for a third straight session today. The stock is quoting at Rs 86.07, up 5.35% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.23% on the day, quoting at 24277.5. The Sensex is at 77655.51, down 0%. Bank of Maharashtra has gained around 6.75% in last one month. Meanwhile, Nifty PSU Bank index of which Bank of Maharashtra is a constituent, has gained around 3.97% in last one month and is currently quoting at 8603.65, up 1.08% on the day. The volume in the stock stood at 445.78 lakh shares today, compared to the daily average of 104.81 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 86.97, up 5.83% on the day. Bank of Maharashtra is up 63.85% in last one year as compared to a 0.91% slide in NIFTY and a 28.29% slide in the Nifty PSU Bank index. The PE of the stock is 8.44 based on TTM earnings ending June 26. First Published: Aug 26 2026 | 4:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 26 2026 | 3:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SIP assets under management (AUM) stood at ?14.83 trillion | Illustration: Binay Sinha First Published: Aug 26 2026 | 3:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 26 2026 | 3:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Varun Beverages share price slipped 4% in Wednesday's trade. First Published: Aug 26 2026 | 3:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jana Small Finance Bank Ltd, Premier Energies Ltd, Varun Beverages Ltd and Restaurant Brands Asia Ltd are among the other losers in the BSE's 'A' group today, 26 August 2026. Jana Small Finance Bank Ltd, Premier Energies Ltd, Varun Beverages Ltd and Restaurant Brands Asia Ltd are among the other losers in the BSE's 'A' group today, 26 August 2026. Viyash Scientific Ltd tumbled 5.43% to Rs 263.1 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 103.24 lakh shares were traded on the counter so far as against the average daily volumes of 1.97 lakh shares in the past one month. Jana Small Finance Bank Ltd crashed 4.48% to Rs 544.45. The stock was the second biggest loser in 'A' group.On the BSE, 81484 shares were traded on the counter so far as against the average daily volumes of 1.22 lakh shares in the past one month. Premier Energies Ltd lost 4.43% to Rs 985.45. The stock was the third biggest loser in 'A' group.On the BSE, 2 lakh shares were traded on the counter so far as against the average daily volumes of 55227 shares in the past one month. Varun Beverages Ltd shed 3.55% to Rs 422.45. The stock was the fourth biggest loser in 'A' group.On the BSE, 9.4 lakh shares were traded on the counter so far as against the average daily volumes of 4.5 lakh shares in the past one month. Restaurant Brands Asia Ltd dropped 3.42% to Rs 102.64. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.73 lakh shares were traded on the counter so far as against the average daily volumes of 12.04 lakh shares in the past one month. First Published: Aug 26 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To expand its presence in high-growth automotive segments Gabriel India (GIL) has entered into a strategic joint venture with South Korea-based HL Klemove, under which Gabriel India will become a strategic shareholder in HL Klemove India. The partnership marks a significant step in Gabriel India's strategy to expand its presence across high-growth automotive segments and participate in the growing demand for Autonomous Driving Solutions including Advanced Driver Assistance Systems (ADAS), and Automotive Electronic Products through this joint venture. Anjali Singh, Executive Chairperson of ANAND Group and Gabriel India, said Bolstering our position across critical automotive systems while expanding our participation in future-oriented mobility and automotive technology segments, this new JV for Autonomous Driving and Automotive Electronics marks an important inflection point, enabling Gabriel India to further diversify its portfolio and strengthen its participation in emerging mobility segments. First Published: Aug 26 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
During his India visit, Navratil also met Prime Minister Narendra Modi to discuss Nestlé's continued commitment to India First Published: Aug 26 2026 | 2:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 2:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nestle sees "plenty of growth opportunities" in India, which is among its top ten markets and already the highest-performing for the group in terms of growth India's emergence among the top five global markets for Nestle SA is now "on the horizon", the Swiss food and beverage giant's CEO Philipp Navratil said on Wednesday. The India market is "very attractive" for Nestle and the company expects a volume-led growth there with support of investments, said Navratil, who is on a visit to India. Nestle sees "plenty of growth opportunities" in India, which is among its top ten markets and already the highest-performing for the group in terms of growth, he added. "India, in terms of growth, is one of the highest performers of the group and was the highest-performing market in the first half of 2026. It is among the top 10 markets and there continues to be further opportunity here to drive. Top five (in terms of topline contribution) is definitely on the horizon," Navratil said in a select media roundtable. When asked about the timeframe for India entering the top five list, he said the ambition was very much within near-term rather than a distant goal. "Top five is definitely... it is on the horizon. It is not something that will happen 20 years down the road. It is on the horizon. And the team is working towards that," he said. India is among the strongest growth drivers for Nestle across emerging markets, supported by its extensive reach and ability to cater effectively to consumer needs, Navratil said. "I believe it is due to a few things here, including being able to serve the consumers in a meaningful way by being deeply distributed. If you look at where the opportunities are the amount of people, the number of consumers that will move into the middle class, and urbanisation all those trends exist in India," said Navratil. Moreover, Nestle, the maker of popular brands as Maggi, Kit Kat, Nescafe etc is also looking to increase its export from India and making it an export hub for its other global markets. "I think that we should do even more to see India as a production hub to export. We're doing that already," he said, adding Nestle India currently exports to 30-odd countries, which "can be more and better". "So this is definitely something we should look more to be a hub going forward. And again, the scale of India is, you know, makes sure that we invest in those factories are at capacity very fast. So it's a good place to invest for us," he said. In the June quarter, Nestle, in its global earnings, had recognised the high double-digit growth in the June quarter, terming it "very, very strong" and said it led the growth of the Asia, Oceania and Africa (AOA) zone. Navratil further said, "There is plenty of opportunity on both the value and premium ends and so I think it is one of the largest priorities that we have in the group." Though Navratil did not share any specific number over the investment in India, he said it will be higher than other markets. "So there is nothing to announce, but you should expect investment in India to be consistent, and as India grows above the group average, the investment will also be above the group average in this country. And we see, we are investing for the long term, so this is, we are really excited about the long-term potential of India, and the investment that is necessary to capture that, we will not hesitate to put that in," he said. Nestle, which operates nine active manufacturing facilities, with a tenth plant currently under development in Odisha, had in 2022 announced Rs 5,000 crore investment for India. Navratil, who became CEO of Swiss MNC Nestle SA on September 1, 2025, on Monday also met Prime Minister Narendra Modi along with his India head Manish Tiwary, where he discussed its continued commitment to India and its contribution to the country's growth and development agenda, the company said. The company has identified five priorities to work on in the country, which include having the right portfolio, which makes the foundation of driving growth; driving efficiencies; driving a performance culture; and a focus on RIG (real internal growth) led growth. "RIG-led growth comprises volume growth, which is serving more consumers every day, getting into more households and pricing which includes the opportunity to premiumise the portfolio while driving affordability and value to capture consumers across the spectrum," Navratil explained. He, however, cautioned that Nestle would not compromise on product quality or speed for the sake of the target, citing the company's approach over its 114-year presence in India. "We are a food company. For us, the quality of the product, we will always move slowly, keeping the consumer at the heart of what we do... And consumers come along, which is important. You need to take consumers along," Navratil said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 26 2026 | 2:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India continued to be an important source market for Singapore's tourism sector in the first half of 2026, with visitor arrivals crossing 600,000 between January and June, the Singapore Tourism Board (STB) said on Wednesday. "India's consistent performance is particularly meaningful given the global headwinds the travel industry has had to navigate in recent times. It is a testament to the strong relationships we have built with Indian travellers, our airline partners and the travel trade over the years," STB Regional Director (India, Middle East, South Asia and Africa) Markus Tan said. Indian visitors also topped spending, recording Singapore dollar 374 million in the first quarter of 2026, according to STB data. Overall, 8.19 million travellers visited Singapore in the first half of this year, according to the STB data. Looking ahead, STB will continue to focus on working closely with its partners to keep Singapore fresh, accessible and compelling - while continuing to drive quality travel and deepen the market's long-term potential, he added. In 2025, international visitor arrivals to Singapore reached 16.9 million, with Mainland China (3.1 million), Indonesia (2.4 million), Malaysia (1.3 million), Australia (1.3 million) and India (1.2 million) forming the top five. Further, STB said that as India continues to be a key growth market, it is expanding collaborations across travel, aviation and business events to strengthen Singapore's appeal and drive high-quality tourism from India. Besides striving to be a MICE (Meetings, Incentives, Conferences, and Exhibitions) and cruise tourism hub, STB is also deepening its engagement with Millennials and Gen Z, who increasingly seek culturally relevant, entertainment-led travel experiences to attract more travellers to Singapore. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 26 2026 | 1:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
People walk past the Moonshot booth promoting its Kimi K3 AI model, during the World Artificial Intelligence Conference (WAIC) in Shanghai, China, July 17, 2026. REUTERS/Go Nakamura (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 26 2026 | 1:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This milestone spans a diversified mix of IPP assets and projects executed under the Company's EPC vertical, underscoring the scale, speed and consistency of KPI Green Energy's project execution engine. First Published: Aug 26 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 26 2026 | 1:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For undertaking treasury activities First Published: Aug 26 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 26 2026 | 1:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 1:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 1:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pursuant to the proposed conversion, the Company's shareholding in Jain Ikon will increase from the existing 70.00% to 99.74% of the equity share capital of JAIN IKON. First Published: Aug 26 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani Energy Solutions (AESL) said that it has secured a key transmission project for evacuation of renewable energy generated in Karnataka to major load centres in Maharashtra. The project, which entails an estimated capital expenditure of Rs 4,700 crore, will also support the growing pumped storage ecosystem in the Satara, Pune and Mumbai Metropolitan Region (MMR). The project was won through the tariff based competitive bidding (TBCB) process, where AESL emerged as the lowest bidder. Housed under special purpose vehicle (SPV) Satara Power Transmission, the project would be executed within a period of 36 months. The project includes establishment of a 765/400 kV substation at Satara, Kolhapur-Satara 765 kV double-circuit transmission line, and augmentation of the Kolhapur pooling station along with associated transmission infrastructure. The project will add 562 circuit kilometres (ckm) of transmission lines and 9,000 MVA of transformation capacity to AESLs portfolio, taking its cumulative transmission network to 29,739 ckm and 1,43,425 MVA transformation capacity. Kandarp Patel, CEO, Adani Energy Solutions, said: "Pumped storage projects are emerging as a critical enabler of India's clean energy transition by providing the flexibility and reliability required to integrate large-scale renewable energy into the grid. The Satara transmission project will create a vital transmission backbone to supports both renewable energy evacuation and energy storage deployment, strengthening power flows between Southern and Western India." Adani Energy Solutions is a key player in Indias power transmission, distribution, and energy infrastructure space, with a growing presence in smart metering and cooling solutions. The company's consolidated net profit rose 124.22% to Rs 1149.06 crore on a 42.41% increase in revenue to Rs 9,711.08 crore in Q1 FY27 as compared with Q1 FY26. The scrip rose 0.84% to currently trade at Rs 1603.30 on the BSE. First Published: Aug 26 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 1:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's rice exports to 26 priority markets exceeded their three-year average in the five months following the 2025 Bharat International Rice Conference, offering early signs that a strategy built around matching Indian rice varieties to local cuisines could help diversify demand in overseas markets. Exports to the 26-market basket totalled Rs 23,476 crore and 4.79 million tonnes between November 2025 and March 2026, according to an analysis by the Indian Rice Exporters Federation (IREF) of Directorate General of Commercial Intelligence and Statistics data covering Basmati and non-Basmati rice. Export value was 1.1 per cent above the average for the corresponding November-March period in the previous three years, while volume was 5.6 per cent higher. Eleven of the 26 markets recorded year-on-year growth in both value and volume. The results come as India seeks to broaden its rice export base amid substantial domestic availability, shifting the focus from simply finding markets for more grain to identifying specific varieties that can compete on suitability, consistency and culinary performance. The strongest gains were recorded in several established and emerging destinations. Exports to the United Arab Emirates rose 65 per cent in value and 64 per cent in volume, while Belgium posted increases of 53.8 per cent and 44.5 per cent, respectively. Germany's export value rose 33.5 per cent, with volume up 24.6 per cent. The United Kingdom recorded 26.9 per cent growth in value and 25.6 per cent in volume. South Africa's value rose 26 per cent, against a 42.9 per cent increase in volume, while Kenya posted respective gains of 22.3 per cent and 34.1 per cent. The strongest gains were recorded in the UAE, where rice export value rose 65 per cent year on year to Rs 3,859.04 crore and volumes increased 64 per cent. Belgium followed with a 53.8 per cent rise in value and 44.5 per cent growth in volume, while Germany posted gains of 33.5 per cent and 24.6 per cent, respectively. France saw export value rise 31.3 per cent and volume 32.9 per cent, while shipments to the UK increased 26.9 per cent in value and 25.6 per cent in volume. Growth was also strong across several African and other emerging markets. South Africa's export value rose 26 per cent, with volumes up 42.9 per cent, while Kenya recorded increases of 22.3 per cent and 34.1 per cent. Mexico posted 22.1 per cent growth in export value and 50.9 per cent in volume. Exports to the Netherlands rose 20.5 per cent in value and 13.8 per cent in volume, while Canada recorded gains of 10.2 per cent and 9.1 per cent. Senegal saw a more modest 5.3 per cent increase in value but a 29.9 per cent jump in volume. The trade data also highlights why export growth cannot be judged by volume alone. In Mexico, for example, shipments increased 50.9 per cent while export value rose 22.1 per cent. Kenya and South Africa likewise recorded substantially faster volume than value growth, underscoring differences in pricing, product mix and demand across markets. That is driving a more targeted approach by the industry: rather than positioning rice solely as a commodity, exporters are seeking to demonstrate how individual Indian varieties can perform in dishes already familiar to consumers in potential destination markets. The strategy will be expanded at the Bharat International Rice Conference (BIRC) 2026, scheduled for October 23-25 at Bharat Mandapam in New Delhi. ITC Hotels will curate a Global Rice Festival featuring 24 international dishes and 10 regional Indian biryanis, with varieties selected according to characteristics including aroma, texture, starch content, grain length and absorption. Among the planned pairings are UAE Machboos with Kalajeera, Italian Risotto Milanese with Gobindobhog, Nigerian Jollof Rice with Sona Masuri, Spanish Paella Valenciana with Mushk Budji, Chinese Yangzhou Fried Rice with Jeerakasala and Louisiana Jambalaya with Chak Hao White Rice. The commercial premise is straightforward: demonstrating a grain in the dish for which it is intended can reduce the uncertainty associated with switching varieties. For an overseas buyer, the proposition then becomes less about buying an interchangeable tonne of rice and more about securing a variety that delivers the required texture, aroma and cooking performance at a competitive price and with consistent supply. There are some indications that the approach may be gaining traction, although the trade data does not establish a causal link between the conference and subsequent export growth. The United Kingdom, France and Mexico - all represented in the cuisine programme at BIRC 2025 - recorded combined export-value growth of 27.2 per cent and volume growth of 26.3 per cent during November 2025-March 2026. Each reached its highest November-March export level in the four-year period examined. Eight markets - the UAE, UK, Netherlands, Canada, Belgium, Germany, France and Mexico - recorded four-year highs in both export value and volume. Still, the post-conference data should be viewed as an indication of market traction rather than proof that BIRC drove the increase. Rice trade is influenced by a range of factors, including prices, inventories, currency movements, import policies, freight costs and broader demand conditions. The more significant test will be whether market engagement translates into repeat orders and sustained demand for specific varieties. BIRC 2026 will broaden that effort beyond exporters, millers and international buyers. Its programme includes a Master Chef Contest, Influencer Cook-off, Family Day and public tastings, bringing chefs, food creators and consumers into a trade conversation traditionally dominated by businesses and institutional buyers. The objective is to create a longer demand chain: buyers can assess varieties commercially, chefs can evaluate their cooking characteristics, food creators can introduce them to consumers, and consumer acceptance can ultimately support repeat purchases. That approach could be particularly important for non-Basmati rice, where competition based primarily on commodity pricing can make differentiation difficult. India's large portfolio of rice varieties provides scope to segment exports around the functional requirements of particular cuisines rather than treating rice as a homogeneous product. The evolution of BIRC reflects that broader ambition. An EY post-conference impact assessment recognised BIRC 2025 as the world's largest-ever dedicated rice conference. The 2026 edition is expected to retain its international trade, buyer-seller and knowledge components while expanding the culinary programme as a bridge between business and consumer markets. For India, the opportunity is not simply to increase the quantity of rice shipped overseas. It is to convert the country's diversity of varieties into differentiated market propositions. A buyer in Japan, Europe, Africa or the Middle East may not necessarily need another generic source of rice. A potentially stronger proposition is a grain that performs reliably in a particular dish, is competitively priced and can be supplied consistently at scale. The strategy also comes at a time when India has substantial rice production and needs to develop durable overseas demand rather than rely solely on conventional destination markets. The success of the strategy will ultimately be measured not by the number of dishes presented at BIRC 2026, but by whether demonstrations result in contracts, repeat orders and deeper penetration in markets where consumers have traditionally preferred locally familiar varieties. If that conversion takes place, India's rice export story could gradually shift from volume-led expansion towards application-led diversification. BIRC 2026 is therefore being positioned as more than an industry gathering. It is an attempt to connect three parts of the rice value chain that are often treated separately: the exporter with the grain, the buyer controlling market access and the consumer whose food habits ultimately determine whether substitution succeeds. For an industry seeking to absorb surplus production and expand exports, that could prove a more durable strategy than competing on price alone. Bharat International Rice Conference 2026 will be held from October 23 to 25, 2026, at Bharat Mandapam, New Delhi. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 26 2026 | 1:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 1:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company's revenue from operations stood at ?2,931 crore in FY26, boAT said in a statement Consumer electronics brand boAt on Wednesday reported a 38 per cent growth in its profit after tax at ?84.5 crore in the financial year 2025-26. The company, owned by Imagine Marketing Limited, had posted a PAT (profit after tax) of ?61.1 crore in the preceding fiscal year. The company's revenue from operations stood at ?2,931 crore in FY26, boAT said in a statement. The company's wearables business turned profitable during the year. The segment recorded a profit of about ?7 crore in FY26, compared to a loss of ?54 crore in FY25. "FY26 was about strengthening the foundations of boAt while navigating a challenging external environment... We closed the year with approximately ?397 crore of cash reserves and zero bank debt... improvement is visible across the business...newer categories are beginning to emerge as meaningful growth and profit pools. "Our focus now shifts from turnaround to growth. With a stronger balance sheet, tighter operating discipline and a healthy core business, we are getting ready for boAt 2.0 - taking our leadership in audio forward while building the next set of growth engines across international markets and new consumer-tech categories such as projectors, grooming and charging solutions," boAt CEO Gaurav Nayyar said. The company's 'other' segment, which includes categories such as charging solutions, cables, and gaming, saw its profit increase to ?46 crore from ?14 crore in the year-ago period. On the international front, the brand's revenue more than doubled to ?45 crore, up from approximately ?20 crore in FY25. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 26 2026 | 12:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Groww shares fall nearly 4% after two block deals; most active stock on NSE First Published: Aug 26 2026 | 12:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 12:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Under PPP model Under the concession, Park Group will construct the hospital facility over a period of two years from the appointed date and operate the facility under a long-term lease for a period of 45 years and entails an investment of approximately Rs 200 crore. First Published: Aug 26 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Va Tech Wabag Ltd, Capri Global Capital Ltd, DCB Bank Ltd and Jain Irrigation Systems Ltd are among the other gainers in the BSE's 'A' group today, 26 August 2026. Va Tech Wabag Ltd, Capri Global Capital Ltd, DCB Bank Ltd and Jain Irrigation Systems Ltd are among the other gainers in the BSE's 'A' group today, 26 August 2026. Cyient Ltd soared 6.25% to Rs 1040.85 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 5.2 lakh shares were traded on the counter so far as against the average daily volumes of 2.21 lakh shares in the past one month. Va Tech Wabag Ltd spiked 6.00% to Rs 2142.2. The stock was the second biggest gainer in 'A' group. On the BSE, 47375 shares were traded on the counter so far as against the average daily volumes of 25322 shares in the past one month. Capri Global Capital Ltd surged 5.90% to Rs 254. The stock was the third biggest gainer in 'A' group. On the BSE, 5.49 lakh shares were traded on the counter so far as against the average daily volumes of 3.11 lakh shares in the past one month. DCB Bank Ltd spurt 5.84% to Rs 219.45. The stock was the fourth biggest gainer in 'A' group. On the BSE, 2.01 lakh shares were traded on the counter so far as against the average daily volumes of 1.59 lakh shares in the past one month. Jain Irrigation Systems Ltd rose 5.66% to Rs 29.5. The stock was the fifth biggest gainer in 'A' group. On the BSE, 2.66 lakh shares were traded on the counter so far as against the average daily volumes of 1.48 lakh shares in the past one month. First Published: Aug 26 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fedbank Financial Services said that its board has approved an increase in aggregate borrowing limits of the company to Rs 23,000 crore from Rs 18,000 crore earlier. This limit would include the funds raised by way of issue of non-convertible debentures (NCDs) or any other securities or instruments and other modes of borrowings to be made from time to time in one or more tranches as may be required. Further, the company's board has also approved a proposal for raising funds by issuing debt instruments, including non-convertible debentures, with an aggregate amount not exceeding Rs 2,500 crore. Fedbank Financial Services (FedFina) is a non-banking finance company (NBFC). It is a subsidiary company of Federal Bank and has been engaged in financial services. It is a leading retail focused NBFC specializing in loan against property and gold Loans. As of June 2026, it operates 757 branches. The company's standalone net profit rose 52.49% year-on-year (YoY) to Rs 114.38 crore in Q1 FY27 from Rs 75.01 crore in the corresponding quarter last year. Revenue from operations increased 29.68% YoY to Rs 669.93 crore. The scrip rose 0.91% to currently trade at Rs 160.10 on the BSE. First Published: Aug 26 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 11:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US stocks edged up in last session amid a plethora of economic cues. Weak crude oil prices supported the sentiments and the three major US. stock indices rose, driven by a rebound in semiconductor stocks and a decline in US. Treasury yields. The Dow Jones Industrial Average closed at 53,577.40, up 160.24 points or 0.30% on the day. The S&P 500 rose 24.40 points or 0.32% to 7,677.28, while the tech-heavy Nasdaq Composite soared 171.11 points or 0.66% to close at 26,151.30. Investors are closely monitoring the release of the US July PCE price index. The PCE price index is a key inflation gauge referenced by the U.S. Federal Reserve when determining monetary policy. Kevin Warsh, the Federal Reserve Chair's speech at the Jackson Hole annual symposium later this week is also keenly eyed by market participants. The United States added an average of 11,750 jobs per week in the four weeks ending August 8, according to a report posted by Automatic Data Processing Inc. (ADP) on Tuesday. ADP shared that this was the second straight week of hiring increasing. The previous week's average came in at 9,500. The company further mentioned that, as the results are preliminary, they could change. However, consumer confidence in the US dipped in August, with the Conference Board Consumer Confidence Index falling to 89.4 from 90.8 in the previous month. The Expectations Index, based on consumers' short-term outlook for income, business and labour market conditions, retreated by 5.8 points to 68.2, while the Present Situation Index went up 6.8 points to reach 121.2, ending a three-month-long decline. WTI Crude oil prices extended losses and neared $80 per barrel mark, testing around two-week low as markets eyed a possible reopening of the Strait of Hormuz following renewed Iran-Oman talks. First Published: Aug 26 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In a share-swap deal executed through its subsidiary - SEPC FZE The existing share capital of SEPC FZE, comprising one share of AED 150,000, will be subdivided into 1,500 shares of AED 100 each. A further 38,500 shares of AED 100 each will be issued out of capitalisation of reserves, creating a total equity pool of 40,000 shares. Of this enlarged pool, only 1,700 shares (4.25%) have been earmarked as non-cash consideration for the share swap. The balance 38,300 shares will be issued to SEPC as fully paid-up shares by capitalisation of reserves, leaving the parent with a post-issue holding of 95.75% in SEPC FZE, Sharjah. The Board has separately granted in-principle approval for SEPC FZE to acquire 100% of Wintality Petroleum FZE, a UAE entity engaged in the import, export and global trading of refined petroleum products. On completion, Wintality will become a step-down subsidiary of SEPC. First Published: Aug 26 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Subex said that it has entered into a three-year engagement with a leading African mobile operator for the deployment of its HyperSense Fraud Management solutions. The engagement will strengthen the operators ability to detect and combat emerging fraud across mobile networks and mobile money operations, leveraging Subexs HyperSense Fraud Management solution to identify evolving fraud patterns and enable faster, more effective investigations. The operator selected Subex for its deep telecom domain expertise, proven experience across African markets and AI-powered fraud management capabilities. Nisha Dutt, MD & CEO, Subex, said: "Fraud in mobile money doesnt look like fraud in voice or data, it moves faster and can hide within legitimate- looking transactions. Addressing it requires more than anomaly detection, it requires an understanding of the telecom and mobile money context in which those transactions occur. That combination of domain intelligence and AI is what HyperSense is built for, and its why were a strong fit for this engagement." The scrip shed 0.73% to currently trade at Rs 17.70 on the BSE. First Published: Aug 26 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Advait Energy Transitions rallied 3.50% to Rs 2,135.40 after the company announced that it has received a turnkey contract worth Rs 134.62 crore from Madhya Pradesh Power Transmission Company (MPPTCL). The contract is to be executed within 18 months. The total order value stands at Rs 1,34,62,48,481.92. Advait Energy Transitions is engaged in providing products and solutions for power transmission, substation, telecommunication, and renewable energy infrastructure sectors. The company also undertakes EPC and turnkey projects related to power transmission and telecom infrastructure. The companys consolidated net profit rose 65.95% to Rs 13.89 crore in Q1 FY27 from Rs 8.37 crore in Q1 FY26. Sales increased 51.37% year on year to Rs 179.27 crore in Q1 FY27 from Rs 118.43 crore in Q1 FY26. First Published: Aug 26 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee (INR), like other EMEs, exhibited a depreciating bias in July owing to rising crude oil prices, driven by West Asia tensions, RBI noted in its August bulletin. A brief de-escalation of US-Iran tensions late in July led to a momentary appreciation of the INR. In August so far (till 20th), the INR depreciated due to rebound in global crude oil prices. In real effective terms, the INR appreciated in July driven by higher domestic inflation vis-vis major trading partners outweighing the depreciation of INR in nominal effective terms, the central bank said. First Published: Aug 26 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The agency has reaffirmed the company's short-term rating at 'CARE A1+'. CARE Ratings stated that the upgrade in the long-term rating assigned to bank facilities and instruments of Arvind factor in the sustained improvement in its business risk profile considering growing share of its advanced materials/technical textile business in overall business mix and profitable scale-up of its garment business. The advanced materials business is characterised by specialised and industrial applications, large addressable market, growing demand, healthy profitability, and lower susceptibility of margins to cyclicality and raw material price fluctuations. The acquisition of Dalco-GFT (Dalco) significantly strengthens the advanced materials business by adding scale, specialised needle-punched non-woven capabilities and access to the US filtration and geotextile markets. Arvinds garmenting volume grew by 12% yea-on-year (YoY) and 13% (YoY) in FY26 and Q1FY27, respectively, and are expected to sustain healthy growth in near-to-medium term supported by improving efficiency and increasing verticalization. Despite global headwinds, performance of Arvinds textile and advanced materials business remained resilient in FY26 and Q1FY27, providing comfort to ratings. The operationalisation of various free trade agreements (FTAs; UK, Australia, etc.), reduction in US tariff since February 2026 and expected implementation of FTA with European Union (EU) by FY28 also provide medium-term growth visibility. The upgrade also factors sustained improvement in Arvinds financial risk profile considering growing cash accruals and controlled net-debt levels in last few years. The ratings also derive strength from Arvinds established track record, vertically integrated operations, large scale with presence across textile value chain, diversified geographical business mix and strong relationships with global brand and retailers. The rating strengths also remain constrained considering profitability susceptible to cotton price and foreign-exchange volatility. Arvind is also exposed to trade related uncertainties, especially for US market and government policies related to import duties on cotton and export incentives on textile products. Arvinds exposure to the cyclical denim segment, intense industry competition, and risks related to compliance with stringent environmental regulations further constrain its ratings. Arvind, the flagship company of the Ahmedabad-based Lalbhai group, is a diversified conglomerate having presence in textiles, branded apparel retailing, engineering, waste-water treatment plants, and real estate businesses among others at a group level. The scrip fell 1.50% to currently trade at Rs 531.50 on the BSE. First Published: Aug 26 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pharma-related shares have been on a roll in FY27, gaining up to 91%. (Illustration: Binay Sinha) First Published: Aug 26 2026 | 11:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The letter requires the Company to submit the information/ documents including performance record during the current concession period and Investment and Business Plan for the extended Concession Period, within 90 days of the letter. First Published: Aug 26 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Zinc Share up 5% as Jefferies sees earnings boost on firm metal prices First Published: Aug 26 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Phoenix Mills Ltd saw volume of 1.28 lakh shares by 10:45 IST on BSE, a 16.81 fold spurt over two-week average daily volume of 7623 shares Motherson Sumi Wiring India Ltd, CIE Automotive India Ltd, Sagility Ltd, Cholamandalam Investment & Finance Company Ltd are among the other stocks to see a surge in volumes on BSE today, 26 August 2026. Phoenix Mills Ltd saw volume of 1.28 lakh shares by 10:45 IST on BSE, a 16.81 fold spurt over two-week average daily volume of 7623 shares. The stock increased 0.14% to Rs.1,933.30. Volumes stood at 5576 shares in the last session. Motherson Sumi Wiring India Ltd clocked volume of 73.31 lakh shares by 10:45 IST on BSE, a 7.14 times surge over two-week average daily volume of 10.27 lakh shares. The stock gained 0.79% to Rs.37.11. Volumes stood at 32.67 lakh shares in the last session. CIE Automotive India Ltd notched up volume of 2.34 lakh shares by 10:45 IST on BSE, a 5.84 fold spurt over two-week average daily volume of 40017 shares. The stock slipped 0.85% to Rs.393.00. Volumes stood at 13777 shares in the last session. Sagility Ltd witnessed volume of 38.67 lakh shares by 10:45 IST on BSE, a 4.47 times surge over two-week average daily volume of 8.66 lakh shares. The stock increased 3.83% to Rs.44.70. Volumes stood at 13.78 lakh shares in the last session. Cholamandalam Investment & Finance Company Ltd notched up volume of 1.25 lakh shares by 10:45 IST on BSE, a 4 fold spurt over two-week average daily volume of 31286 shares. The stock rose 1.84% to Rs.1,901.35. Volumes stood at 18030 shares in the last session. First Published: Aug 26 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kuantum Papers rose 2.90% to Rs 74.21 after the company announced the successful restart of Paper Machine-3 (PM3) at its manufacturing facility in Saila Khurd, Hoshiarpur, Punjab, on 26 August 2026. The PM3 rebuild forms part of the company's capacity and efficiency enhancement plan. The upgraded machine is aimed at improving paper quality, operational efficiency, product range and production throughput. The rebuilt machine features a top former and film press, improved automation and enhanced drying capability. These upgrades are expected to support the company's expansion into higher-value writing and printing paper and specialty grades. Kuantum Papers is a leading manufacturer of high quality maplitho, creamwove, copier and specialty paper. The products are widely used in the printing of books, trade directories, newsprint, diaries, calendars, and computer stationery. Additionally, the products are extensively utilized in the production of notepads and other stationery items for both home and international markets. On a standalone basis, net profit of Kuantum Papers declined 48.34% to Rs 6.23 crore while net sales rose 35.95% to Rs 301.71 crore in Q1 June 2026 over Q1 June 2025. First Published: Aug 26 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Metals & Ferro Alloys gained 1.25% to Rs 1394.10 after the company said that the first tapping of hot metal from the first furnace in the greenfield ferro chrome expansion Project in Kalinganagar (KNR-1) had commenced yesterday. "With the commencement of production, the volume will be gradually increased in due course," the company said in a statement. The announcement was made post market hours on Tuesday (26 August 2026). In its annual report for 2025-26, Subhrakant Panda, managing director, Indian Metals & Ferro Alloys, had stated: "the 100,000 tonnes per annum (TPA) greenfield expansion project (KNR 1) is proceeding smoothly with both furnaces expected to be operational within H1 FY27. As such, we expect to achieve a cumulative monthly production run rate of more than 40,000 tonnes by the end of the calendar year 2026." Indian Metals & Ferro Alloys (IMFA) is Indias largest fully integrated producer of value-added ferro chrome with an installed furnace capacity of 289 MVA capable of producing 434,000 tonnes per annum (TPA). The company had reported 109.3% rise in net profit to Rs 191.49 crore on a 49.7% increase in revenue to Rs 960.45 crore in Q1 FY27 as compared with Q1 FY26. First Published: Aug 26 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Gaja Alternative Asset Management were currently trading at Rs 179.90 at 10:12 IST on the BSE, representing a premium of 12.44% as compared with the issue price of Rs 160. So far, the stock has hit a high of Rs 191.35 and a low of Rs 177.30. On the BSE, over 20.48 lakh shares of the company were traded in the counter so far. The initial public offer of Gaja Alternative Asset Management was subscribed 31.33 times. The issue opened for bidding on 19 August 2026 and it closed on 21 August 2026. The price band of the IPO is fixed between Rs 152 and 160 per share. The initial public offer (IPO) consisted of a fresh issue to raise Rs 450 through the issuance of 2.96 crore equity shares at the lower band of Rs 152 per share (face value Rs 5 per share) and 2.81 crore equity shares at the upper band of Rs 160 per share. The IPO also comprises an offer for sales (OFS) of Rs 100 crore through the issue of 0.63-0.66 crore equity shares. Among the promoters and group, Ranjit Shah is selling Rs 29.35 crore worth of equity shares of the company, Imran Jafer Rs 20 crore and Sudesh Jain Rs 10 crore through OFS. The promoter shareholding in the company will decline to 54.23% post-IPO from 71.03% pre-IPO. The company proposes to utilize Rs 372 crore from the net proceeds of IPOs for investing towards its sponsor commitments to certain existing and new funds and for repayment of the Bridge Loan Amount. The remaining proceeds will be used for general corporate purposes. Within the existing funds towards meeting balance sponsor commitment to Fund IV, the company intends to deploy Rs 2.155 crore in Gaja Capital India Fund 2020 LLP and Rs 35.345 crore in Gaja Capital India Fund 2021 to be deployed over FY2027 and FY2028 and Rs 19.5 crore for the bridge loan repayment. On new funds, the company is in the process of setting up Fund V with the targeted fund size of Rs 2500 crore. It has filed a private placement memorandum application with the SEBI on 10 June 2026. The company intends to contribute Rs 210 crore as Sponsor Commitment to Fund V to be deployed over FY27, FY28 and FY29. Further, the company intends to utilize Rs 105 crore as sponsor commitments to the Secondaries Fund with the targeted funds size of Rs 1250 crore. Gaja Alternative Asset Management is a founder-led Indian alternative asset management company with over two decades of experience, focused on managing India-focused Category I and II AIFs and advising offshore funds. The company follows an alpha-oriented, mid-market investment strategy across sectors such as education, financial services, consumer and digital technology, and earns primarily through management fees, carried interest and sponsor commitment income. It had a sponsor commitment of around Rs 274 crore as of March 2026 and has achieved an average 3.3x MOIC across investments. The company is promoted by Gopal Jain, Ranjit Jayant Shah and Imran Jafar and had 23 permanent employees as of March 2026. Ahead of the IPO, Gaja Alternative Asset Management, on 18 August 2026, raised Rs 165 crore from anchor investors. The board allotted 1.03 crore shares at Rs 160 each to 20 anchor investors. The firm reported a consolidated net profit of Rs 81.96 crore and sales of Rs 135.53 crore for the twelve months ended on 31 March 2026. First Published: Aug 26 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Billionbrains Garage Ventures, the parent company of Groww, fell 3.19% to Rs 196.54 after around 12.75 crore shares, or about 2.1% equity, changed hands in a block deal worth around Rs 2,500 crore. The block deal comes a day after reports said Ribbit Capital was planning to sell around 1.6% stake in the company for about Rs 1,914 crore at a floor price of Rs 195 per share. The floor price represented a 3.95% discount to Groww's closing price of Rs 203.01 on 25 August 2026. The proposed sale was a secondary transaction, meaning the proceeds would go to the selling investor rather than Billionbrains Garage Ventures. As of 30 June 2026, Ribbit Capital V L.P. held 35.38 crore shares, or 5.64%, while Ribbit Cayman GW Holdings V Ltd. held 27.97 crore shares, or 4.46%. Together, the two entities held a 10.10% stake in the company. Ribbit-linked entities had also sold shares in Groww in May 2026, when Ribbit Capital V L.P. and Ribbit Cayman GW Holdings V Ltd. sold shares through bulk deals. The investor is also subject to a 30-day lock-in following the sale, according to the reported transaction terms. Billionbrains Garage Ventures operates the Groww investment platform, offering stock broking, mutual funds, exchange-traded funds (ETFs), derivatives, fixed deposits, lending and wealth management services to retail investors. On a consolidated basis, the company's net profit increased 7.1% QoQ and 94.28% YoY to Rs 735 crore in Q1 FY27. Revenue from operations declined 0.26% QoQ but rose 66.01% YoY to Rs 1,501 crore. The stock made a strong market debut on 12 November 2025, listing at Rs 114 on the BSE, a 14% premium to its issue price of Rs 100. It closed its first day at Rs 130.94, up 30.93%. The IPO was subscribed 17.60 times and comprised a fresh issue of Rs 1,060 crore and an offer for sale of Rs 5,572.30 crore. The stock is currently up 96.54% from its issue price and 72.40% above its listing price. First Published: Aug 26 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Also signs power purchase agreement with Sunsure Solarpark SPR Auto Technologies has entered into a Share Subscription Agreement (SSA) and a Shareholders' Agreement (SHA) with Sunsure Solarpark Forty (Sunsure Solarpark) and Sunsure Energy (Sunsure Energy) for an aggregate investment of up to Rs 6 crore, by way of subscription to equity shares representing approximately 23.21% of the paid-up equity share capital (on a fully diluted basis) of Sunsure Solarpark, along with other captive shareholders (if any), for the purpose of a group captive solar power project, in accordance with the Electricity Act, 2003. The Company has, simultaneously, also entered into a Power Purchase Agreement dated 25 August 2026 with Sunsure Solarpark for procurement of solar power from the aforesaid project, for the Company's manufacturing facility at Pathredi, Rajasthan. First Published: Aug 26 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tavexia Lifecare has expanded into the pharmaceutical business as an additional growth vertical, strengthening its broader presence in the healthcare and lifecare ecosystem. The move forms part of the Company's growth and diversification strategy while its existing lifecare business remains at the core of its operations. The Company plans to explore opportunities across the pharmaceutical value chain, including pharmaceutical products, active pharmaceutical ingredients (APIs), intermediates, specialty chemicals, nutraceuticals and related manufacturing opportunities. The new vertical is intended to complement Tavexia's existing lifecare operations and provide additional avenues for business expansion. First Published: Aug 26 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MTAR Technologies added 1.23% to Rs 7011.20 after the company said that it has secured orders worth Rs 126.7 crore for the supply of coolant channel assemblies for the refurbishment of the RAPS-4 and MAPS-2 reactors. RAPS-4 and MAPS-2 are nuclear power reactor units in India with a capacity of 220 MWe each, located at Rawatbhata (Rajasthan) and Kalpakkam (Tamil Nadu), respectively. Both are pressurized heavy water reactors (PHWR) operated by the Nuclear Power Corporation of India (NPCIL). Parvat Srinivas Reddy, managing director of MTAR, said: "We have secured significant orders in the civil nuclear sector over the past few months. Our closing nuclear order book now stands at more than Rs 775 crore, the highest in the companys history. The sectors long-term outlook remains promising, and we expect a steady inflow of orders over the coming years." MTAR Technologies is a leading manufacturer engaged in manufacturing and development of mission critical precision engineered systems catering to clean energy civil nuclear power, fuel cells, hydel & others, aerospace and defence sectors. It has sixteen strategically based manufacturing units including an export-oriented unit each based in Hyderabad, Telangana. The company's profit after tax surged 364.8% year-on-year to Rs 50.2 crore in Q1 FY27 from Rs 10.8 crore in Q1 FY26. Revenue from operations soared 130.4% YoY to Rs 360.7 crore in Q1 FY27 from Rs 156.6 crore in the corresponding quarter last year. First Published: Aug 26 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gaja Capital shares make strong debut, list 15% above issue price First Published: Aug 26 2026 | 10:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Aug 26 2026 | 9:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 09:30 IST, the barometer index, the S&P BSE Sensex, jumped 280.14 points or 0.37% to 77,944.96. The Nifty 50 index added 24.60 points or 0.11% to 24,356.30. The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 0.43% and the BSE 250 SmallCap Index rose 0.55%. The market breadth was strong. On the BSE, 2,111 shares rose and 817 shares fell. A total of 196 shares were unchanged. FPIs bought shares worth Rs 15491.48 crore in August so far, through 25 August 2026. This follows net cash purchases of Rs 6,731.97 crore in July 2026, while they were net sellers of Rs 53,957.90 crore in June 2026. Stocks in Spotlight: Cipla shed 0.45%. The company announced that United States Food and Drug Administration (USFDA) has conducted a follow-up current Good Manufacturing Practices (cGMP) inspection at the companys manufacturing facility at Pithampur. The inspection was conducted from 17th August to 25th August 2026. On conclusion of the inspection, the company received seven (7) inspectional observations in Form 483. Varun Beverages fell 0.90%. The companys board approved the incorporation of a wholly-owned Indian subsidiary to undertake the business of ready-to-drink, alcoholic beverages and allied products. It also approved the incorporation of a joint venture in Tunisia for the production and distribution of beverages, including carbonated soft drinks, juices, water and dairy products, and appointed Prathmesh Mishra as CEO & Managing Director of the proposed subsidiary. Numbers to Track: The yield on India's 10-year benchmark federal paper fell 0.31% to 6.849 compared with the previous session close of 6.851. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.4400 compared with its close of 95.7000 during the previous trading session. MCX Gold futures for 5 October 2026 settlement rose 0.08% to Rs 1,63,011. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.06% to 98.97. The United States 10-year bond yield rose 0.02% to 4.639. In the commodities market, Brent crude for October 2026 settlement declined $2.41 or 2.72% to $86.17 a barrel. Global Markets: Asian stocks traded mixed on Wednesday as investors remained cautious ahead of Nvidia's earnings and key US inflation data. Falling crude oil prices and lower US Treasury yields provided some support to risk assets. Investors remained focused on Nvidia's results, due after the US market close on Wednesday. The earnings are expected to provide fresh clues on the strength of the artificial intelligence investment cycle and the sustainability of elevated technology valuations. Falling crude oil prices and lower US Treasury yields provided some support to risk assets. Brent crude fell to $86 a barrel mark as Iran and Oman discussed an interim framework aimed at resuming shipping through the Strait of Hormuz. Lower oil prices helped push the US 10-year Treasury yield down to around 4.63%. Sentiment was also affected by weaker-than-expected US consumer confidence. The Conference Board's Consumer Confidence Index fell to 89.4 in August from a revised 90.2 in July, marking its lowest level in seven months. The decline was driven mainly by a sharp fall in the expectations index, reflecting increased concerns over business conditions and the labour market. Trade tensions between the US and Canada also intensified. Canada announced targeted counter-tariffs on US goods, matching the corresponding US tariff rates on affected products. The measures, covering about $27.6 billion of US imports, will take effect on 8 September and include tariffs of 15%, 25% and 50%. Wall Street ended higher on Tuesday. The Nasdaq Composite rose 0.66%, the S&P 500 gained 0.32% and the Dow Jones Industrial Average advanced 0.30%. Technology and semiconductor stocks rebounded ahead of Nvidia's results, with Nvidia rising 2.19% and AMD gaining 4.91%. Investors are also awaiting the US July Personal Consumption Expenditures price index, due later on Wednesday. The data is closely watched by the Federal Reserve and could influence expectations for the interest-rate outlook. Meanwhile, Federal Reserve Chair Kevin Warsh is scheduled to speak at the Jackson Hole Economic Policy Symposium on Friday, 28 August. His remarks will be closely watched for signals on the Fed's policy path. First Published: Aug 26 2026 | 9:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Chirag Setalvad, Head of Equities, HDFC Asset Management Company First Published: Aug 26 2026 | 9:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani Energy Solutions (AESL) won a key transmission project for evacuation of renewable energy generated in Karnataka to major load centres in Maharashtra. The project, which entails an estimated capital expenditure of ~Rs 4,700 crore, will also support the growing pumped storage ecosystem in the Satara, Pune and Mumbai Metropolitan Region (MMR). The project, called "Network Expansion Scheme in Western Region to Cater to Pumped Storage Potential near Satara (up to 4500 MW) - Part A", was won through the Tariff Based Competitive Bidding (TBCB) process, where AESL emerged as the lowest bidder. Housed under Special Purpose Vehicle (SPV) Satara Power Transmission, the project will be delivered to the nation within 36 months. It will add 562 circuit kilometres (ckm) of transmission lines and 9,000 MVA of transformation capacity to AESL's portfolio, taking its cumulative transmission network to 29,739 ckm and 1,43,425 MVA transformation capacity First Published: Aug 26 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
F&O rollovers renew directional conviction bets in September, says Systematix Institutional Research. First Published: Aug 26 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gaja Alternative Asset Management will list on the stock exchanges today. The IPO was subscribed 31.33 times. The offer received bids for 79.35 crore shares as against 2.53 crore shares on offer. The issue opened for bidding on 19 August 2026 and it closed on 21 August 2026. Stocks To Watch: Cipla announced that United States Food and Drug Administration (USFDA) has conducted a follow-up current Good Manufacturing Practices (cGMP) inspection at the companys manufacturing facility at Pithampur. The inspection was conducted from 17th August to 25th August 2026. On conclusion of the inspection, the company received seven (7) inspectional observations in Form 483. Varun Beverages board approved the incorporation of a wholly-owned Indian subsidiary to undertake the business of ready-to-drink, alcoholic beverages and allied products. It also approved the incorporation of a joint venture in Tunisia for the production and distribution of beverages, including carbonated soft drinks, juices, water and dairy products, and appointed Prathmesh Mishra as CEO & Managing Director of the proposed subsidiary. Tata Motors Passenger Vehciles and Tata Communications announced collaboration to power the newly launched Sierra.ev, with in-built 5G cellular connectivity, paving the way for futuristic Software-Defined Vehicles (SDVs). United Breweries part of the HEINEKEN Company, announced the expansion of Heineken Silver across Kerala, Odisha and Madhya Pradesh, building on the brand's strong momentum in markets. Honasa Consumer announced that the company has called off the proposed acquisition of Fluence Pharma due to non-fulfilment of closing conditions specified under Share Purchase Agreement executed by company and Fluence Pharma. Sai Parenterals announced that its Australian subsidiary, Noumed Pharmaceuticals has renewed its OTC Medicines Supply Agreement with one of Australia's leading, multi-billion-dollar pharmacy chains. The projected valued of agreement is AUD 30 million(approximately Rs 204 crore over three-year term. First Published: Aug 26 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 5.06% to Rs 12.77 crore First Published: Aug 26 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 35.19% to Rs 338.81 crore First Published: Aug 26 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty September 2026 futures were up 40.50 points, indicating a positive opening for the Nifty 50. Sentiment is supported by a decline in crude oil prices. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 1,593.53 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 230.26 crore in the Indian equity market on 25 August 2026, according to provisional data. FPIs bought shares worth Rs 15491.48 crore in August so far, through 25 August 2026. This follows net cash purchases of Rs 6,731.97 crore in July 2026, while they were net sellers of Rs 53,957.90 crore in June 2026. Global Markets: Asian stocks traded mixed on Wednesday as investors remained cautious ahead of Nvidia's earnings and key US inflation data. Falling crude oil prices and lower US Treasury yields provided some support to risk assets. Investors remained focused on Nvidia's results, due after the US market close on Wednesday. The earnings are expected to provide fresh clues on the strength of the artificial intelligence investment cycle and the sustainability of elevated technology valuations. Falling crude oil prices and lower US Treasury yields provided some support to risk assets. Brent crude fell to $86 a barrel mark as Iran and Oman discussed an interim framework aimed at resuming shipping through the Strait of Hormuz. Lower oil prices helped push the US 10-year Treasury yield down to around 4.63%. Sentiment was also affected by weaker-than-expected US consumer confidence. The Conference Board's Consumer Confidence Index fell to 89.4 in August from a revised 90.2 in July, marking its lowest level in seven months. The decline was driven mainly by a sharp fall in the expectations index, reflecting increased concerns over business conditions and the labour market. Trade tensions between the US and Canada also intensified. Canada announced targeted counter-tariffs on US goods, matching the corresponding US tariff rates on affected products. The measures, covering about $27.6 billion of US imports, will take effect on 8 September and include tariffs of 15%, 25% and 50%. Wall Street ended higher on Tuesday. The Nasdaq Composite rose 0.66%, the S&P 500 gained 0.32% and the Dow Jones Industrial Average advanced 0.30%. Technology and semiconductor stocks rebounded ahead of Nvidia's results, with Nvidia rising 2.19% and AMD gaining 4.91%. Investors are also awaiting the US July Personal Consumption Expenditures price index, due later on Wednesday. The data is closely watched by the Federal Reserve and could influence expectations for the interest-rate outlook. Meanwhile, Federal Reserve Chair Kevin Warsh is scheduled to speak at the Jackson Hole Economic Policy Symposium on Friday, 28 August. His remarks will be closely watched for signals on the Fed's policy path. Domestic Market: Domestic equity indices ended higher on Tuesday after a volatile session, recovering from early losses as investors picked up beaten-down stocks. Easing crude oil prices also provided some relief to market sentiment amid ongoing geopolitical tensions. Investors assessed the latest US sanctions on Iran while easing concerns over an immediate disruption to oil supplies. The S&P BSE Sensex rose 286.98 points, or 0.37%, to 77,656.09, while the Nifty 50 advanced 115.50 points, or 0.48%, to 24,334.55. First Published: Aug 26 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian stocks stuttered on Wednesday as a drop in oil prices dragged bond yields lower on hopes that the critical Strait of Hormuz could reopen, while investors braced for yet another make-or-break earnings report from AI bellwether Nvidia. Iran said it had restarted talks with Oman to manage the Strait, as it faces heightened economic pressure from US President Donald Trump in the nearly six-month conflict that has roiled oil markets and stoked global inflationary worries. Brent crude ?futures fell for a third straight day on Wednesday, sliding more than 2% to $86.41 per barrel on the prospect of more supply coming through the strait, which handled a fifth of the world's traded oil before the war. That helped push bond yields lower, with the yield on US 10-year notes at 4.634% after falling 6.5 basis points on Tuesday. "While there was no real progress or details of the Iran-Oman deal, as Iran reiterated that Hormuz will remain shut until conditions are met, price action suggested that markets are quickly pricing in optimism around an interim announcement," analysts at J.P. Morgan said in a note. Investors turned cautious ahead of Nvidia's second-quarter earnings later in the day, with their focus on whether the massive AI spending boom is sustainable and can turn profits that will satisfy markets. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.12% in early trading, set for a 2% rise in the month. Japan's Nikkei eased ?0.4% while the tech-heavy KOSPI dipped 0.2%. Nasdaq futures fell 0.5%, while European futures were flat in Asian hours. "Nvidia is approaching the point where beating expectations is expected, so the headline numbers alone may not determine the market reaction," said Charu Chanana, chief investment strategist at Saxo in Singapore. "The question is less whether Nvidia beats and more how big the beat is and whether guidance is strong enough to keep earnings expectations moving higher," Chanana said. She pointed out that options data hints at a smaller move after earnings compared to previous profit announcements, suggesting Nvidia's results are becoming somewhat more predictable. Analysts expect Nvidia to forecast an 82.8% rise in third-quarter sales to $104.20 billion. Adjusted gross margin for the second and third quarters is expected to remain around 75%. J.P. Morgan analysts said it was likely that Nvidia's earnings release will be "supportive of the AI trade though ?perhaps without giving a material near-term boost" to the semiconductor sector. The currency markets remained calm with the dollar holding steady as traders awaited the latest US inflation data later in the day, ahead of the Jackson Hole symposium this weekend. The dollar index, which measures the ?US currency against six other units, was at 98.934 but set for a 1% decline for August. Investors have been grappling with the US Treasury department's ?renewed efforts to ease pressure on longer-dated bond yields as it expanded its debt buyback program. "While this will ease overall interest costs at the margin, it does not change the underlying drivers of rising interest payments: the US government's rising stock of debt and concerns about ?fiscal dominance/Fed independence," said Kristina Clifton, an economist at Commonwealth Bank of Australia. The move has resulted in the pressure shifting to the dollar from the bond market, reviving the debasement trade, in which investors buy assets like gold and bitcoin, betting that government spending and debt will ?erode the value of currencies. Spot gold last fetched $4,646.08 per ounce, just shy of the three-month high it touched in the previous session. Bitcoin was 0.6% higher at $78,704. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 26 2026 | 8:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Monarch Surveyors and Engineering Consultants has received a contract worth Rs 10.40 crore from the Collector Office, Buldhana, Government of Maharashtra. The execution of the contract is subject to receipt of necessary approvals from the concerned government authorities. Monarch Surveyors and Engineering Consultants provides end-to-end consultancy services for infrastructure projects, including survey, design and technical supervision for roads, railways, metros, town planning, geospatial mapping, land acquisition, water, transmission lines, pipelines and other civil engineering sectors. The companys consolidated net profit declined 10.01% to Rs 24.25 crore in the six months ended 31 March 2026 from Rs 26.95 crore in the corresponding period of the previous year. Revenue from operations declined 13.92% year on year (YoY) to Rs 99.79 crore during the six-month period ended 31 March 2026. The scrip rose 0.455 to settle at Rs 224 on the BSE. First Published: Aug 26 2026 | 8:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mamaearth parent Honanza has called off the proposed acquisition of Fluence Pharma due to non-fulfilment of closing conditions. First Published: Aug 26 2026 | 8:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices dropped about 2 per cent on Wednesday, adding to the previous session's losses, on fresh hopes the Strait of Hormuz could reopen after Iran said it had resumed talks with neighbour Oman on managing the strategic waterway. Brent crude futures fell $1.78, or 2.0 per cent, to $86.80 a barrel by 0027 GMT, while US West ?Texas Intermediate crude futures were down $1.49, or 1.8 per cent, at $80.87. Both benchmarks lost more than 3 per cent on Tuesday. "The market continues to react to developments surrounding navigation through the Strait of Hormuz, and hopes for progress in talks between Iran and Oman have triggered selling," said Mitsuru Muraishi, an analyst at Fujitomi Securities. "That said, uncertainty over the outlook has prompted bargain buying, limiting further losses, and prices are likely to remain range-bound for the time being," he added. Iran said it had restarted talks with Oman to manage the Strait as it faces heightened economic pressure from US President Donald Trump. Iran and Oman have been in on-and-off talks for weeks about controlling traffic through the ?waterway, which handled one-fifth of global oil and liquefied natural gas shipments before the war began in February. The two countries said on Tuesday that they discussed "a joint temporary navigational corridor" through the strait and agreed to clear it of mines. Despite the ongoing tensions, the US is beginning to send personnel back to some diplomatic missions in the Middle East that were evacuated or downsized amid tensions with Iran, two people familiar with the matter told Reuters. The move suggests Washington sees a lower risk of the conflict with Iran escalating in the near term, though some embassies will initially operate below full capacity. On ?Monday, Washington expanded sanctions aimed at cutting off Iran's economic lifeline, threatening to punish countries that continue to do business with Tehran, though it said it would not impose penalties immediately. Separately, an oil ?tanker was struck on Tuesday by an unidentified projectile and disabled about 9 nautical miles (17 km) northeast of ?Oman's Ash Shishah, which lies at the entrance to the strait, the United Kingdom Maritime Trade Operations said. In the US, the American Petroleum Institute reported crude oil inventories rose by about 4.2 ?million barrels in the week ended August 21, market sources said. Analysts polled by Reuters estimated crude oil stockpiles would rise by about 600,000 barrels on average. Official data from the EIA, the statistical arm ?of the US Department of Energy, are due at 10:30 a.m. ET (1430 GMT) on Wednesday. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 26 2026 | 8:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to open on a positive note. Most Asian markets erased losses. Investors await Nvidia Corp's earnings and US inflation data. First Published: Aug 26 2026 | 7:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TVS Motors, Divi's Laboratories among top stock picks by Chandan Taparia First Published: Aug 26 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Global fragrance makers Givaudan, Firmenich and International Flavors & Fragrances (IFF) face a second antitrust investigation by Indian authorities, according to a regulatory document seen by Reuters. The latest case relates to alleged price collusion since 2024, said a source close to the matter, ?and follows an ongoing investigation into accusations that the companies struck labour anti-poaching deals. The companies have faced similar investigations over prices charged to their customers in foreign markets. The companies have said they are cooperating with global anti-cartel investigations. The confidential Competition Commission of India (CCI) document seen by Reuters was dated July 22 and described the new case as one related to "alleged cartelisation in the Indian fragrance industry" by the three companies. The CCI, Swiss-based Givaudan and US rival IFF did not respond to requests for comment on Tuesday. DSM-Firmenich, formed from the 2023 ?merger of Dutch speciality chemicals maker DSM with Firmenich, also did not respond. Swiss and British antitrust regulators said in 2023 that they were investigating the three companies, and the European Commission has said it is looking into "possible collusion" related to supply of fragrances and their ingredients but has not named any targets. Details of price-fixing cases are not made public in India during the course of investigations. In the case related to price collusion, the CCI teams drafted an investigation report with its ?findings and shared it with the companies in February, the watchdog's internal July 22 document showed. But that report was recalled in July after Givaudan and IFF complained ?that their commercial secrets were not properly redacted, according to the CCI document. The report will ?now need to be redrafted by the CCI, with the confidential information properly redacted, potentially slowing the two-year-old case. "From a systemic perspective this will be of concern ?to CCI," said Gautam Shahi, an Indian antitrust lawyer at Dua Associates. "Loss of relevant commercially sensitive data may harm competition in the market." India's flavours and fragrances market is ?expected to reach $5 billion by 2033, versus $2.5 billion in 2024, according to Grand View Research. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 26 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 26 2026 | 12:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 26 2026 | 12:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal said the government’s interventions are aimed at increasing Indian tonnage First Published: Aug 26 2026 | 12:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
While US Defense Secretary Pete Hegseth said on Monday the US would not rule out using military force against Iran, the country is turning towards more economic coercion, which analysts said removed concerns about threats to Middle Eastern oil supply because of the war.- Reuters First Published: Aug 25 2026 | 11:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 10:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Balakrishnan Govindarajan MD, Eicher Motors, and CEO, Royal Enfield This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty Midcap 100 Index hit a record high on Tuesday, closing at 64,162.9, up 0.54 per cent from the previous day. First Published: Aug 25 2026 | 9:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 25 2026 | 9:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aditya Birla Group Chairman Kumar Mangalam Birla First Published: Aug 25 2026 | 9:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aditya Birla Group Chairman Kumar Mangalam Birla First Published: Aug 25 2026 | 9:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aditya Birla Group Chairman Kumar Mangalam Birla First Published: Aug 25 2026 | 9:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 8:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 8:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TCS has announced a broader five-year deal worth €1.25 billion with Porsche. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TCS has announced a broader five-year deal worth €1.25 billion with Porsche. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TCS has announced a broader five-year deal worth €1.25 billion with Porsche. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For joint development of land parcels at Thal and Lonare in Alibaug, Raigad The House of Abhinandan Lodha Estate Holdings (HoABL), through its wholly owned subsidiary HoABL Impactum Land (HoABL Impactum), has entered into a Memorandum of Understanding with NITCO, its wholly owned subsidiary NITCO Realties, and promoter Vivek Talwar for the development of land parcels at Thal and Lonare in Alibaug, Raigad. The proposed joint development is expected to generate Rs 3000 crore in revenue over five years for HoABL and Rs 1500 crore for NITCO. HoABL, under this strategic joint venture, is set to develop a premium multi-development project, comprising of luxury apartments and townhouses, over 40 acres of land parcel at Alibaug further strengthening its presence in the high-value residential real estate segment. It would be HoABL's 2nd project at Alibaug after Sol-de-Alibaug, where the gentry has been cre de la cre. First Published: Aug 25 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vikram Bahl, Chief Marketing Officer, United Breweries, said, The positive response to Heineken Silver highlights the growing consumer appetite for differentiated premium beer offerings. As we expand into Kerala, Odisha and Madhya Pradesh, we remain focused on strengthening our premium portfolio and making the brand available to more consumers across key markets. First Published: Aug 25 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 7:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market First Published: Aug 25 2026 | 7:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 7:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market First Published: Aug 25 2026 | 7:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HEG has cleared the final operative steps of its Composite Scheme of Arrangement (Scheme), which will result in the creation of two strong independent listed entities. The Board has approved Tuesday, 01 September 2026, as the Effective Date and Monday, 07 September 2026, as the Record Date for shareholder entitlement. Under the demerger, shareholders of HEG as on the Record Date will receive one fully paid-up equity share of face value Rs 2 in the resulting company for every one equity share of face value Rs 2 held in HEG, a 1:1 entitlement. As part of the same Scheme, Bhilwara Energy will be amalgamated into HEG, with HEG issuing eight equity shares of face value Rs 2 for every seven equity shares of face value Rs 10 held in Bhilwara Energy. On the Scheme taking effect: - The Company's graphite electrodes business will move into the resulting company, HEG Graphite, which is proposed to be renamed HEG and taken forward as a separately listed, pure-play graphite electrodes company. - The existing listed entity (BSE: 509631, NSE: HEG) will retain the advanced materials, battery energy solutions and green power businesses and is proposed to be renamed HEG Advanced Materials. Pursuant to the scheme, Ravi Jhunjhunwala will lead HEG Graphite as Chairman, Managing Director and Chief Executive Officer with effect from 01 September 2026. He will also continue on the board of HEG Advanced Materials. Similarly, Riju Jhunjhunwala has been elevated to the positions of Chairman, Managing Director, and Chief Executive Officer of HEG Advanced Materials for a five-year term, subject to shareholder approval. First Published: Aug 25 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Deal valued at AUD 30 million over 3-year period Sai Parenterals has announced that its Australian subsidiary, Noumed Pharmaceuticals, has renewed its OTC Medicines Supply Agreement with one of Australia's leading, multi-billion-dollar pharmacy chains. The renewal carries an expanded product portfolio, a long agreement tenure and a higher agreement value, and is projected at AUD 30 million (approximately INR 204.0 crore; 1 AUD = INR 68) over a three-year term, effective immediately. That translates to about AUD 10 million a year, and the agreement is structured for continuous growth: new product development and line extensions are to be added over its term, steadily widening the portfolio it covers. Noumed will continue to manage the full value chain manufacturing, product sourcing, regulatory compliance, TGA registrations, warehousing, quality assurance and nationwide distribution entrusted to a single accountable partner. Noumed owns the product registrations and holds the marketing authorization, while the pharmacy chain retails the product under its own consumer brand. The renewal further cements Noumed's position in the Australian OTC market and confirms the trust placed in its regulatory, quality and supply-chain capabilities in one of the most discerning and tightly regulated markets in the world First Published: Aug 25 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fortune, the flagship edible oil brand of AWL Agri Business, today announced the launch of Fortune Yellow Mustard Oil, expanding its mustard oil portfolio to cater to consumers who prefer the traditional taste and goodness of Yellow Mustard Oil. Available in a 1-litre PET pack, Fortune Yellow Mustard Oil is made from carefully selected yellow mustard seeds and offers the quality and reliability that consumers associate with Fortune. The launch is aimed at health-conscious consumers who seek traditional oils as part of their everyday cooking. Fortune Yellow Mustard Oil also brings the goodness of Omega-3 and Omega-6, nutrients that are increasingly gaining consumer attention as awareness around everyday nutrition continues to grow. First Published: Aug 25 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NBCC (India) announced that it has received a work order worth approximately Rs 121.74 crore from the Rajasthan Council of School Education in the ordinary course of business. NBCC (India) operates in three major segments project management consultancy, real estate, and engineering procurement & construction. On the financial front, the companys consolidated net profit rose 17.18% to Rs 154.83 crore in Q1 FY27 from Rs 132.13 crore in Q1 FY26. Sales declined 5.51% to Rs 2,259.53 crore in Q1 FY27 from Rs 2,391.19 crore in the corresponding quarter of the previous year. The counter rose 0.79% to Rs 89.30 on the BSE. First Published: Aug 25 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Global Longlife Hospital and Research has altered its Main Objects under Clause III A of the Memorandum of Association (MOA) by inserting additional sub-clauses to expand and clarify the scope of business activities that the Company is authorised to undertake. The revised Main Objects principally provide for the following activities: 1. To carry on, in India or elsewhere, the business of manufacturing, producing, processing, preparing, crushing, refining, blending, filtering, cleaning, sorting, recovering, mixing, converting, purifying, commercialising, grading, compounding, packing, repacking, disinfecting, deriving, excavating, exploring and extracting, importing, exporting, buying, selling and otherwise dealing in all kinds of foods, spices, agricultural produce, commodities, crops, trees, plants, leaves, herbs, grains, food grains, cereals, pulses, flours, rice, wheat, groundnuts, seeds, agro seeds, soyabeans, castor, mustard, maize, bajra, cotton, sesame, oilseeds, edible oils, flowers, vegetables, fruits and food products. 2. To carry on the business of buyers, sellers, exporters, importers, merchandisers, traders, coordinators, distributors, agents, brokers, stockists, commission agents, auctioneers, dealers, concessionaires, contractors, packers, processors, texturizers, retailers, wholesalers and suppliers, in India and abroad, in relation to all kinds of apparels, dresses, clothes, outfits, garments, textiles, fabrics, yarns, fibres, silk, cotton, hemp, jute, linen, plastics, rubber, canvas goods and allied products, including dealing in commodity exchanges and bullion markets, purchase and sale of gold, silver and other precious metals in physical form or through recognised exchanges, and activities relating to agricultural land, organic farming and allied products, including synthetic, artificial and natural fibres, nylon, rayon, textile substances, allied products, by-products and substitutes thereof. The alteration in the Main Objects is intended to enable the Company to undertake and carry on the aforesaid activities and to provide a broader and more comprehensive framework for the Company's business operations. First Published: Aug 25 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The newly raised capital of Rs 78.26 crore inside the subsidiary will be deployed to strengthen core technology infrastructure, expand high-tier product engineering and data science teams, accelerate the capabilities of TrucksUp's intelligent freight-matching engine, working capital requirements and general corporate purposes. First Published: Aug 25 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 6:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Anand Mahindra, chairman of Mahindra Group First Published: Aug 25 2026 | 6:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Anand Mahindra, chairman of Mahindra Group First Published: Aug 25 2026 | 6:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Krystal Integrated Services announced that it has received a work order worth Rs 17.25 crore from The Maharashtra Rajya Sahakari Sangh Maryadit, Pune, for providing manpower services across various districts of Maharashtra. The company clarified that the transaction does not constitute a related-party transaction and that neither the promoters nor the promoter group companies have any interest in the work contract. KISL is a well-diversified service provider in integrated facility management services, staffing solutions, security services, catering, and waste management across India. The company specializes in sectors such as healthcare, education, city infrastructure, waste management, and the manufacturing segment, including state government entities, corporate clients, municipal bodies, and other government offices; airports; railways; metro infrastructure and retail. On the financial front, the companys consolidated net profit rose 51.39% to Rs 17.41 crore in Q1 FY27 from Rs 11.50 crore in Q1 FY26. Sales increased 11.65% to Rs 360.71 crore in Q1 FY27 from Rs 323.08 crore in the corresponding quarter of the previous year. The counter slipped 2.67% to Rs 621.05 on the BSE. First Published: Aug 25 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NIS Management has been accorded the SME Rhodium status, being the highest status under the SBI SME Star Rating Programme, by the State Bank of India (SBI). The Company has been accorded this recognition among over 23 lakh MSME customers of SBI, in appreciation of its valued and longstanding partnership with SBI, consistent banking track record, sound financial discipline and continued engagement with bank. First Published: Aug 25 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The order entails the manufacturing, supply and installation of 27 sets of one coach set of seats for MEMU/DMC5/3PH, MEMU/DMC6/3PH AND MEMU/NDMC2/3PH COACHES TO DRG.NO. MEMU/DMC5/3PH First Published: Aug 25 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 6:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In view of the above, the issued and paid-up share capital of the Company has increased to Rs 91,45,31,722 consisting of 45,72,65,861 equity shares of Rs 2/- each. First Published: Aug 25 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oriental Rail Infrastructure surged 9.93% to Rs 132.30 after the company announced that it has secured an order worth Rs 1.75 crore from Integral Coach Factory (ICF), Chennai, Indian Railways. The payment terms provide for up to 80% of the supply portion upon submission of the inspection certificate and Provisional Physical Receipt Certificate. The remaining 20% of the supply portion, along with 100% of the installation charges, will be paid after receipt and acceptance of the stores by the consignee, based on the installation certificate issued by the competent authority. The order is scheduled to be executed by 24 November 2026. The company clarified that the transaction does not constitute a related-party transaction and that neither the promoters nor the promoter group companies have any interest in the work contract. Oriental Rail Infrastructure is engaged in the manufacturing and supply of several diversified railway products and items for Indian Railways and other related industries. Its products include seat & berths, recorn, compreg board & articles thereof, furniture & parts, coated upholstery fabric, plywood, phenolic resin & hardener, silicon foam, etc. On the financial front, the companys consolidated net profit rose 83.13% to Rs 10.75 crore in Q1 FY27 from Rs 5.87 crore in Q1 FY26. Sales increased 16.69% to Rs 137.58 crore in Q1 FY27 from Rs 117.90 crore in Q1 FY26. First Published: Aug 25 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 35.03 crore shares as against 1.84 crore shares on offer. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 50 and 53 per share. An investor can bid for a minimum of 283 equity shares and multiples thereof. The offer comprises fresh issue by the company as well as offer for sale by the selling shareholders. The fresh issue comprises issue of new equity shares of Rs 5 each aggregating to Rs 60 crore and the offer for sale comprise sale of 1,42,89,450 equity shares of Rs 5 each. The entire offer for sale is by promoters. Of the net proceeds from fresh issue the company will utilize Rs 16 crore towards repayment of certain outstanding borrowings availed by the company, Rs 29.966 crore towards funding capital expenditure requirement of the company for expansion at Kavathe Unit, Shirwal Unit and Pithampur Unit I. The balance is towards general corporate purposes.Post-expansion, the estimated installed capacity at Shirwal, Pithampur Unit-I and Kavathe is expected to increase by 45.00%, 83.08% and 41.25 % respectively, subject to timely commissioning. Ahead of the IPO, Hy-Tech Engineers on Friday, 24 August 2026, raised Rs 40.72 crore from anchor investors. The board allotted 76.83 lakh shares at Rs 53 each to 8 anchor investors. Hy-Tech Engineers, promoted by Hemant Tukaram Mondkar, a technocrat, is an engineering company engaged in the design, manufacture and supply of hydraulic fittings catering to diverse industrial applications, with over four decades of operational experience in the hydraulics industry. Its product portfolio comprises standard hydraulic fittings viz. DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings and conversion fittings, as well as fittings customized to customer specifications. The company caters to diverse application needs across industries such as construction machinery, automotive, farming machinery, injection moulding machines and hydraulic systems. In addition, it has obtained certification which enables it to cater to sectors such as railways and defence, thereby expanding its addressable market. In FY26, construction machinery contributed 22.94% to sales from operations, followed by farming at 22.83%, automotive at 9.05%, hydraulic systems at 5.09%, injection moulding machines at 3.98%, IPE & Railways at 1.45% and parking systems at 0.29%, while other segments accounted for 34.37%. Domestic sales contributed 70.63% of revenue from operations, compared with 71.70% in FY25, while overseas sales accounted for the remaining 29.37%, up from 28.30% in FY25. The firm reported a consolidated net profit of Rs 22.59 crore and sales of Rs 189.40 crore for the twelve months ended on 31 March 2026. First Published: Aug 25 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 7.26 crore shares as against 2.95 crore shares on offer. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 131 and 138 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof. The offer comprises a fresh issue as well as OFS by the selling shareholders. The fresh issue comprises issue of 28,89,8300 equity shares of Rs 10 each and the offer for sale comprise sale of 1,33,33,300 equity shares of Rs 10 each Of the net proceeds from fresh issue the company will utilize Rs 216.7867 crore towards repayment of certain outstanding borrowings availed by the company & its subsidiary and Rs 130 crore towards funding incremental working capital requirements and balance general corporate purposes. Ahead of the IPO, Skyways Air Services on Friday, 24 August 2026, raised Rs 174.54 crore from anchor investors. The board allotted1.26 crore shares at Rs 138 each to 17 anchor investors. Skyways Air Services (SASL), provides comprehensive suite of services, including air freight forwarding, ocean freight forwarding, trucking, warehousing, custom broking, technology driven express cargo and parcel delivery and a wide range of value-added services (VAS). The company has performance-based agreements with several leading global airlines, including Qatar Airways, Saudi Cargo, Air India Cargo, Turkish airlines and Lufthansa. In FY26, revenue from operations, about 77.02% is from air cargo services, 15.02% from ocean cargo services, 5.79% from express cargo & parcel, 1.38% from trucking, 0.61% from value added services, 0.13% from warehousing and 0.05% from sale of products (commerce and other retail products). The firm reported a consolidated net profit of Rs 41.01 crore and sales of Rs 2,812.90 crore for the twelve months ended on 31 March 2026. First Published: Aug 25 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 60.27 lakh shares as against 1.76 crore shares on offer. The issue opened for bidding on 25 August 2026 and will close on 28 August 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 151 equity shares and multiples thereof. The issue comprises only of fresh issue of up to 17,683,000 equity shares of Rs 10 face value. Of the net proceeds, the company intends to use Rs 15.408 crore towards funding capital expenditure requirements of the company for purchase of machinery or equipment; Rs 115 crore towards funding working capital requirements of the company; and balance towards general corporate purposes. Annu Projects, established in 2003, is engaged in the design, development, implementation, operations and maintenance of essential overhead and underground utilities infrastructure across telecom, sewerage, gas pipeline and railway signaling verticals. In the telecom infrastructure vertical, it is primarily engaged in surveying, designing, and installing cabling and tower infrastructures for communication, automation, and electronic security systems. Core activities of the company in sewerage infrastructure vertical include pipe laying, construction of manholes, construction of sewerage treatment plants, construction of pumping stations, and construction of structural facilities essential for supporting sewerage operations, construction of storm water drainage systems and screening chambers for combined or sanitary sewers. In FY26 revenue from operations, about 41.50% is accounted by telecom infrastructure, 52.67% from sewerage infrastructure, 4.03% from gas pipeline and 1.80% from others including trading of machines etc. As on June 30, 2026, it owned a fleet of more than 558 machine and equipment (such as horizontal directional drilling machine, excavators, splicing machine, digitrak machine, OTDR machine, HDPE pipe welding machine etc) The firm reported a consolidated net profit of Rs 33.03 crore and sales of Rs 241.25 crore for the twelve months ended on 31 March 2026. First Published: Aug 25 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 1.05 crore shares as against 1.31 crore shares on offer. The issue opened for bidding on 24 August 2026 and it will close on 27 August 2026. The price band of the IPO is fixed between Rs 938 and 988 per share. An investor can bid for a minimum of 15 equity shares and multiples thereof. The IPO comprises fresh issue of equity shares worth up to Rs 150 crore and an offer for sale aggregating up to Rs 1,607 crore by Satwani Holdings LLP, Rosewood Investments, and India Business Excellence Fund III. The objectives for the fresh issue includes Rs 112.5 crore for Prepayment/repayment of certain outstanding borrowings, and remaining amount for general corporate purpose. The promoters are Anil Satwani, Kashish Satwani, Sushil Satwani and Satwani Holdings LLP. The promoters and promoter group hold an aggregate of 2,28,41,312 equity shares, aggregating to 36.41% of the pre-offer issued and paid-up equity share capital. Their post IPO shareholding is expected to be around 33.28%. Symbiotec Pharmalab is a research-driven pharmaceutical and biotechnology company with over 30 years of experience, engaged in APIs, CDMO services and complex injectables. The company has a strong global position in corticosteroid and steroidal-hormone APIs, with a portfolio of 60+ APIs supplied to over 200 customers across 40+ countries. It follows a backward-integrated farm/microbe-to-pharmacy model, with in-house manufacturing of key starting materials for over 80% of its products by revenue. The company is also expanding into biologics, GLP-1, insulin, niche APIs and complex injectables, supported by its R&D and manufacturing capabilities. Ahead of the IPO, Symbiotec Pharmalab on Friday, 21 August 2026, raised Rs 526.19 crore from anchor investors. The board allotted 53.28 lakh shares at Rs 988 each to 34 anchor investors. The firm reported a consolidated net profit of Rs 109.88 crore and sales of Rs 869.15 crore for the twelve months ended on 31 March 2026. First Published: Aug 25 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IHCl This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Domestic equity indices ended higher on Tuesday after a volatile session, recovering from early losses as investors picked up beaten-down stocks. Easing crude oil prices also provided some relief to market sentiment amid ongoing geopolitical tensions. Investors assessed the latest US sanctions on Iran while easing concerns over an immediate disruption to oil supplies. The S&P BSE Sensex rose 286.98 points, or 0.37%, to 77,656.09, while the Nifty 50 advanced 115.50 points, or 0.48%, to 24,334.55. Infosys (up 1.24%), Reliance Industries (up 0.55%) and ICICI Bank (up 0.54%) supported the Nifty. The Nifty reclaimed the 24,300 level after slipping to a low of 24,115.45 during the session. Healthcare, PSU bank and IT shares advanced, while private bank and metal stocks declined. Trading remained volatile as investors adjusted positions ahead of the monthly derivatives expiry. Tuesday marked the first monthly Nifty 50 expiry under the new closing-auction session framework, adding to volatility toward the end of the session. In the broader market, the BSE 150 MidCap Index rose 0.37%, while the BSE 250 SmallCap Index declined 0.17%. Market breadth remained negative. On the BSE, 2,007 shares rose, while 2,330 shares declined and 196 shares were unchanged. Numbers to Track: In the commodities market, Brent crude for October 2026 settlement fell $2.73 or 2.96% to $89.44 a barrel. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.4350 compared with its close of 95.7000 during the previous trading session. The yield on India's 10-year benchmark federal paper slipped 0.26% to 6.854 compared with the previous session close of 6.872. MCX Gold futures for 05 October 2026 settlement lost 0.18% to Rs 1,62,936. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.02% to 98.94. The United States 10-year bond yield fell 0.79% to 4.667. Global Markets: US stock futures traded 216 points higher on Tuesday, signalling a positive start for Wall Street, as investors took comfort from a softer-than-feared US sanctions package against Iran. European shares advanced. Defence stocks led gains, while investors drew relief from the fact that Washington stopped short of imposing the broader secondary sanctions that markets had anticipated. Asian shares ended mixed. Investors remained cautious ahead of a data-heavy week featuring Nvidia's earnings, US inflation data and Federal Reserve Chair Kevin Warsh's first Jackson Hole speech. Wall Street ended mixed on Monday. The Dow Jones Industrial Average rose 0.26% to 53,417.16, while the S&P 500 fell 0.28% to 7,652.86 and the Nasdaq Composite declined 0.76% to 25,980.19. Nvidia dropped 2.9%, while Micron Technology and Broadcom also declined, weighing on technology stocks. Investor focus remained on Washington's escalating pressure on Tehran. US Treasury Secretary Scott Bessent announced expanded sanctions targeting Iran and warned countries and companies maintaining business ties with Tehran that they could face secondary sanctions. However, the Treasury stopped short of imposing the broader penalties that markets had feared. The announcement helped ease concerns about an immediate disruption to global crude supplies. Brent crude settled at $92.17 a barrel on Monday, down 2.4%, while oil prices extended their decline on Tuesday. US Treasury yields also eased from recent highs. The 10-year Treasury yield was around 4.70% on Tuesday, with investors assessing the outlook for inflation, government borrowing and Federal Reserve policy. The immediate focus is on Nvidia, which is scheduled to report its second-quarter fiscal 2027 results after the US market close on Wednesday, 26 August. The results are expected to provide a fresh test of investor confidence in the artificial intelligence trade. Investors will also track the US July Personal Consumption Expenditures price index on Wednesday. The PCE inflation gauge is closely watched by the Federal Reserve and could influence expectations for the central bank's policy path. Meanwhile, the Jackson Hole Economic Policy Symposium is scheduled for 27-29 August. Fed Chair Kevin Warsh is set to deliver his keynote speech on Friday, 28 August. His remarks will be closely watched for clues on the outlook for interest rates and inflation. New Listing: Shares of Shankesh Jewellers ended at Rs 95.03 on the BSE, representing a premium of 2.18% as compared with the issue price of Rs 93. The stock debuted at Rs 102.20 on the BSE, a premium of 9.89% over its issue price. The stock has hit a high of Rs 110.99 and a low of Rs 94. On the BSE, over 61.61 lakh shares of the company were traded in the counter. Shares of Sunshine Pictures ended at Rs 368.90 on the BSE, representing a premium of 2.47% as compared with the issue price of Rs 360. The stock debuted at Rs 394 on the BSE, a premium of 9.44% over its issue price. The stock has hit a high of Rs 395 and a low of Rs 365. On the BSE, over 15.40 lakh shares of the company were traded in the counter. Stocks in Spotlight: IIFL Finance dropped 4.74%. The company's material subsidiary IIFL Home Finance has received an assessment order raising a tax demand of Rs 963.39 crore, including surcharge and cess. IIFL Home Finance said it has substantial factual and legal grounds to contest the additions and is pursuing appellate, rectification and other remedies. It said it does not presently expect the matter to have a material impact on its financial position or operations. Entero Healthcare Solutions jumped 6.39% after 3P Investment Managers, founded and managed by veteran fund manager Prashant Jain, acquired a 2.5% stake in the company through bulk deals on 24 August 2026. The shares were acquired from Prasid Uno Family Trust, according to the transaction details. As of June 2026, Surbhi Singh (Prasid Uno Family Trust) held 45,50,320 shares, representing a 10.45% stake in Entero Healthcare. Netweb Technologies India tumbled 2.92%. The company has announced the successful completion of its qualified institutions placement (QIP) for the equity shares of the company, raising an aggregate of approximately Rs 1,200 crore from global and domestic institutional investors. Larsen & Toubro shed 0.71%. The company announced that its renewables business vertical has secured a major order to develop three battery energy storage system (BESS) projects for a prominent client in the Middle East. As per L&Ts order classification, the value of this 'major' order lies between Rs 5,000 crore to Rs 10,000 crore. Sigma Advanced Systems was locked in 5% upper circuit after the company secured an additional long-term agreement worth nearly L125 million (approximately Rs 1,600 crore) from Rolls-Royce. Puravankara added 1.73% said that it has entered into a joint development agreement (JDA) for a 7.83-acre land parcel in South-East Bengaluru, with an estimated gross development value (GDV) of Rs 1,100 crore. Afcons Infrastructure added 2.42% after the company received an arbitral award of Rs 335.50 crore in its favour in proceedings against Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) on 24 August 2026. Great Eastern Shipping (GE) jumped 0.68% after the company announced that its board will meet on Thursday, 27 August 2026, to consider a proposal for the buyback of fully paid-up equity shares. Initial Public Offer (IPO): Annu Projects received bids for 60,01,042 shares as against 1,76,83,000 shares on offer, according to stock exchange data at 16:54 IST on 25 August 2026. The issue was subscribed 0.34 times. The issue opened for bidding on 25 August 2026 and will close on 28 August 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 151 equity shares and multiples thereof. Augmont Enterprises received bids for 81,60,45,250 shares as against 77,15,999 shares on offer, according to stock exchange data at 16:54 IST on 25 August 2026. The issue was subscribed 105.76 times. The issue opened for bidding on 21 August 2026 and it will close on 25 August 2026. The price band of the IPO is fixed between Rs 750 and 788 per share. An investor can bid for a minimum of 19 equity shares and multiples thereof. Skyways Air Services received bids for 7,26,29,400 shares as against 2,95,83,600 shares on offer, according to stock exchange data at 16:54 IST on 25 August 2026. The issue was subscribed 2.46 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 131 and 138 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof. Symbiotec Pharmalab received bids for 2,42,73,015 shares as against 1,31,24,929 shares on offer, according to stock exchange data at 16:54 IST on 25 August 2026. The issue was subscribed 1.85 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 938 and 988 per share. An investor can bid for a minimum of 15 equity shares and multiples thereof. Hy-Tech Engineers received bids for 35,03,60,509 shares as against 1,81,45,406 shares on offer, according to stock exchange data at 16:54 IST on 25 August 2026. The issue was subscribed 19.31 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 50 and 53 per share. An investor can bid for a minimum of 283 equity shares and multiples thereof. First Published: Aug 25 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investors are also looking ahead to Nvidias earnings later this week for fresh signs of demand for AI-related products. Federal Reserve Chair Kevin Warshs speech at the Jackson Hole symposium on Friday will also be closely watched for clues on the US interest-rate outlook. On the geopolitical front, the US increased sanctions on Iran and its trading partners to push Tehran toward negotiations. Among major gainers, Fujikura rose 5.5%, Furukawa Electric jumped 10.3%, Ibiden gained 6.3%, SoftBank Group added 2.3%, and Taiyo Yuden climbed 1.3%. First Published: Aug 25 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investors continued to reduce their exposure to technology stocks ahead of Nvidias earnings on Wednesday, which could test confidence in the ongoing AI-driven rally. Eoptolink Technology fell 2.70% despite reporting strong growth in revenue and profit. Hua Hong Semiconductor, Zhongji Innolight and NAURA Technology also declined. On the positive side, Luxshare Precision Industry gained 2.1% after reporting higher first-half profit and revenue. Investors are also watching the National People's Congress Standing Committee meeting, running from August 25 to 28, for possible policy measures to support growth as the Chinese economy loses momentum. First Published: Aug 25 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India VIX slides 3.40% to 11.13. In the cash market, the Nifty 50 index added 115.50 points or 0.48% to 24,334.55. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.40% to 11.13. HDFC Bank, Infosys and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE. The September 2026 F&O contracts will expire on 29 September 2026. First Published: Aug 25 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
real estate, dubai First Published: Aug 25 2026 | 4:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As per provisional closing data, the S&P BSE Sensex jumped 286.98 points or 0.37% to 77,656.09. The Nifty 50 index added 115.50 points or 0.48% to 24,334.55. In the broader market, the BSE 150 MidCap Index rose 0.37% and the BSE 250 SmallCap Index shed 0.17%. The market breadth was negative. On the BSE, 2,105 shares rose and 2,218 shares fell. A total of 202 shares were unchanged. New Listing: Shares of Shankesh Jewellers ended at Rs 95.21 on the BSE, representing a premium of 2.38% as compared with the issue price of Rs 93. The stock debuted at Rs 102.20 on the BSE, a premium of 9.89% over its issue price. The stock has hit a high of Rs 110.99 and a low of Rs 94. On the BSE, over 61.61 lakh shares of the company were traded in the counter. Shares of Sunshine Pictures ended at Rs 368.50 on the BSE, representing a premium of 2.36% as compared with the issue price of Rs 360. The stock debuted at Rs 394 on the BSE, a premium of 9.44% over its issue price. The stock has hit a high of Rs 395 and a low of Rs 365. On the BSE, over 12.38 lakh shares of the company were traded in the counter. Initial Public Offer (IPO): Annu Projects received bids for 35,73,868 shares as against 1,76,83,000 shares on offer, according to stock exchange data at 15:35 IST on 25 August 2026. The issue was subscribed 0.20 times. The issue opened for bidding on 25 August 2026 and will close on 28 August 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 151 equity shares and multiples thereof. Augmont Enterprises received bids for 79,82,21,122 shares as against 77,15,999 shares on offer, according to stock exchange data at 15:30 IST on 25 August 2026. The issue was subscribed 103.45 times. The issue opened for bidding on 21 August 2026 and it will close on 25 August 2026. The price band of the IPO is fixed between Rs 750 and 788 per share. An investor can bid for a minimum of 19 equity shares and multiples thereof. Skyways Air Services received bids for 6,53,55,300 shares as against 2,95,83,600 shares on offer, according to stock exchange data at 15:32 IST on 25 August 2026. The issue was subscribed 2.21 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 131 and 138 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof. Symbiotec Pharmalab received bids for 2,15,33,970 shares as against 1,31,24,929 shares on offer, according to stock exchange data at 15:33 IST on 25 August 2026. The issue was subscribed 1.64 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 938 and 988 per share. An investor can bid for a minimum of 15 equity shares and multiples thereof. Hy-Tech Engineers received bids for 31,33,57,410 shares as against 1,81,45,406 shares on offer, according to stock exchange data at 15:20 IST on 25 August 2026. The issue was subscribed 17.27 times. The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 50 and 53 per share. An investor can bid for a minimum of 283 equity shares and multiples thereof. Buzzing Index: The Nifty PSU Bank index rose 0.75% to 8,603.65. The index fell 0.93% in the past trading session. Union Bank of India (up 1.84%), Bank of India (up 1.4%), Bank of Maharashtra (up 1.24%), Canara Bank (up 1.19%) and Indian Bank (up 0.87%), State Bank of India (up 0.82%), UCO Bank (up 0.62%), Punjab & Sind Bank (up 0.43%), Punjab National Bank (up 0.06%) rose. Stocks in Spotlight: IIFL Finance dropped 4.46%. The company's material subsidiary IIFL Home Finance has received an assessment order raising a tax demand of Rs 963.39 crore, including surcharge and cess. Netweb Technologies India tumbled 3.34%. The company has announced the successful completion of its qualified institutions placement (QIP) for the equity shares of the company, raising an aggregate of approximately Rs 1,200 crore from global and domestic institutional investors. Larsen & Toubro shed 0.76%. The company announced that its renewables business vertical has secured a major order to develop three battery energy storage system (BESS) projects for a prominent client in the Middle East. As per L&Ts order classification, the value of this 'major' order lies between Rs 5,000 crore to Rs 10,000 crore. Sigma Advanced Systems was locked in 5% upper circuit after the company secured an additional long-term agreement worth nearly 125 million (approximately Rs 1,600 crore) from Rolls-Royce. Puravankara added 1.14% said that it has entered into a joint development agreement (JDA) for a 7.83-acre land parcel in South-East Bengaluru, with an estimated gross development value (GDV) of Rs 1,100 crore. Afcons Infrastructure added 2.68% after the company received an arbitral award of Rs 335.50 crore in its favour in proceedings against Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) on 24 August 2026. Great Eastern Shipping (GE) jumped 1.08% after the company announced that its board will meet on Thursday, 27 August 2026, to consider a proposal for the buyback of fully paid-up equity shares. Global Markets: European shares traded higher on Tuesday, bouncing back from recent multi-week lows as Washingtons hyped "economic D-Day" against Tehran failed to materialize into immediate supply shocks, providing relief to risk assets. Asian markets ended higher, tracking a mixed close on Wall Street as investors turned cautious ahead of a data-heavy week featuring Nvidia's earnings, US inflation data and Federal Reserve Chair Kevin Warsh's first Jackson Hole speech. Wall Street ended mixed on Monday, with technology and semiconductor stocks under pressure as investors assessed fresh US economic measures against Iran. The Dow Jones Industrial Average rose 0.26%, while the S&P 500 fell 0.28% and the Nasdaq Composite declined 0.76%. Nvidia dropped 2.9%, while Micron Technology and Broadcom also fell, weighing on the technology-heavy indexes. Investor focus also remained on Washington's escalating pressure on Tehran. US Treasury Secretary Scott Bessent outlined a tougher sanctions campaign against Iran, warning of further measures against countries and entities that continue to facilitate trade with Tehran and describing the next phase as an "economic D-Day." The latest measures are aimed at intensifying pressure on Iran's remaining economic channels, while markets are also monitoring the potential impact on oil supplies and the Strait of Hormuz. Oil prices extended their decline on Tuesday after falling sharply in the previous session, offering some relief to bond markets. Brent crude had settled at around $92.17 a barrel on Monday, down 2.4%, as investors assessed the impact of the latest US sanctions and their potential implications for the US-Iran conflict. US Treasury yields also eased, with the 10-year yield around 4.70% after ending the previous session near that level. The decline came after oil prices fell and investors continued to assess the outlook for inflation, government borrowing and Federal Reserve policy. The immediate focus is likely to remain on Nvidia, which is scheduled to report its second-quarter fiscal 2027 results after the US market close on Wednesday, 26 August. Investors will also track the US July Personal Consumption Expenditures price index, the Federal Reserve's preferred inflation gauge, due on Wednesday. The data could influence expectations for the Fed's upcoming policy decisions. Meanwhile, the Jackson Hole Economic Policy Symposium is scheduled for 27-29 August, with Fed Chair Kevin Warsh set to deliver his first major speech at the event on Friday, 28 August. His remarks will be closely watched for clues on the outlook for interest rates amid persistent inflation concerns and elevated Treasury yields. First Published: Aug 25 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India’s e-waste recycling market is expected to grow as more electronic devices reach the end of their usable life. (AI-generated) First Published: Aug 25 2026 | 4:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BMW Ventures announced that it has received two purchase orders worth an aggregate Rs 24.98 crore from Tata Projects for the supply of TMT steel of FE-550D grade for the 3X800MW USCTPP-Adani project. BMW Ventures clarified that the transaction does not constitute a related-party transaction and that neither the promoters nor the promoter group companies have any interest in the work contract. BMW Ventures is primarily engaged in the trading and distribution of steel products, tractor engines and spare parts, manufacturing of PVC pipes and roll forming and the fabrication of pre-engineered buildings (PEB) and steel girders. The companys standalone net profit rose 44.8% to Rs 11.50 crore on a 16.1% rise in revenue from operations to Rs 563.17 crore in Q3 FY26 over Q3 FY25. The counter shed 0.35% to Rs 56.80 on the BSE. First Published: Aug 25 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TD Power Systems Ltd, Paras Defence and Space Technologies Ltd, Rain Industries Ltd and Data Patterns (India) Ltd are among the other losers in the BSE's 'A' group today, 25 August 2026. TD Power Systems Ltd, Paras Defence and Space Technologies Ltd, Rain Industries Ltd and Data Patterns (India) Ltd are among the other losers in the BSE's 'A' group today, 25 August 2026. Hindustan Copper Ltd tumbled 7.17% to Rs 532.45 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 17.85 lakh shares were traded on the counter so far as against the average daily volumes of 9.73 lakh shares in the past one month. TD Power Systems Ltd crashed 5.40% to Rs 737.9. The stock was the second biggest loser in 'A' group.On the BSE, 93549 shares were traded on the counter so far as against the average daily volumes of 2.32 lakh shares in the past one month. Paras Defence and Space Technologies Ltd lost 4.89% to Rs 1446.3. The stock was the third biggest loser in 'A' group.On the BSE, 1.58 lakh shares were traded on the counter so far as against the average daily volumes of 96679 shares in the past one month. Rain Industries Ltd shed 4.65% to Rs 203.95. The stock was the fourth biggest loser in 'A' group.On the BSE, 1.42 lakh shares were traded on the counter so far as against the average daily volumes of 3.44 lakh shares in the past one month. Data Patterns (India) Ltd corrected 4.60% to Rs 4520. The stock was the fifth biggest loser in 'A' group.On the BSE, 86113 shares were traded on the counter so far as against the average daily volumes of 54644 shares in the past one month. First Published: Aug 25 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
DJ Mediaprint & Logistics Ltd, ICDS Ltd, Rashi Peripherals Ltd and MPDL Ltd are among the other losers in the BSE's 'B' group today, 25 August 2026. DJ Mediaprint & Logistics Ltd, ICDS Ltd, Rashi Peripherals Ltd and MPDL Ltd are among the other losers in the BSE's 'B' group today, 25 August 2026. Shah Metacorp Ltd crashed 19.80% to Rs 3.28 at 14:30 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 28.29 lakh shares were traded on the counter so far as against the average daily volumes of 5.34 lakh shares in the past one month. DJ Mediaprint & Logistics Ltd tumbled 14.31% to Rs 74.55. The stock was the second biggest loser in 'B' group.On the BSE, 87313 shares were traded on the counter so far as against the average daily volumes of 55832 shares in the past one month. ICDS Ltd lost 14.12% to Rs 36.5. The stock was the third biggest loser in 'B' group.On the BSE, 108 shares were traded on the counter so far as against the average daily volumes of 238 shares in the past one month. Rashi Peripherals Ltd slipped 10.14% to Rs 780.05. The stock was the fourth biggest loser in 'B' group.On the BSE, 2.23 lakh shares were traded on the counter so far as against the average daily volumes of 36660 shares in the past one month. MPDL Ltd corrected 9.99% to Rs 37.4. The stock was the fifth biggest loser in 'B' group.On the BSE, 5139 shares were traded on the counter so far as against the average daily volumes of 1684 shares in the past one month. First Published: Aug 25 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fertilizers & Chemicals Travancore Ltd saw volume of 301.62 lakh shares by 14:14 IST on NSE, a 206.35 fold spurt over two-week average daily volume of 1.46 lakh shares Paradeep Phosphates Ltd, Chalet Hotels Ltd, ZF Commercial Vehicle Control System India Ltd, Chambal Fertilisers & Chemicals Ltd are among the other stocks to see a surge in volumes on NSE today, 25 August 2026. Fertilizers & Chemicals Travancore Ltd saw volume of 301.62 lakh shares by 14:14 IST on NSE, a 206.35 fold spurt over two-week average daily volume of 1.46 lakh shares. The stock increased 14.44% to Rs.897.50. Volumes stood at 56070 shares in the last session. Paradeep Phosphates Ltd notched up volume of 402.09 lakh shares by 14:14 IST on NSE, a 18.9 fold spurt over two-week average daily volume of 21.27 lakh shares. The stock rose 6.77% to Rs.159.51. Volumes stood at 27.78 lakh shares in the last session. Chalet Hotels Ltd notched up volume of 8.89 lakh shares by 14:14 IST on NSE, a 9.31 fold spurt over two-week average daily volume of 95474 shares. The stock rose 2.87% to Rs.894.50. Volumes stood at 2.53 lakh shares in the last session. ZF Commercial Vehicle Control System India Ltd witnessed volume of 5.94 lakh shares by 14:14 IST on NSE, a 8.67 times surge over two-week average daily volume of 68461 shares. The stock dropped 2.02% to Rs.2,596.50. Volumes stood at 52892 shares in the last session. Chambal Fertilisers & Chemicals Ltd saw volume of 19.99 lakh shares by 14:14 IST on NSE, a 6.54 fold spurt over two-week average daily volume of 3.06 lakh shares. The stock dropped 0.39% to Rs.429.25. Volumes stood at 3.61 lakh shares in the last session. First Published: Aug 25 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Samvardhana Motherson International Ltd is quoting at Rs 165.16, down 2.27% on the day as on 13:19 IST on the NSE. The stock jumped 77.67% in last one year as compared to a 2.36% slide in NIFTY and a 14.26% spurt in the Nifty Auto index. Samvardhana Motherson International Ltd is down for a fifth straight session today. The stock is quoting at Rs 165.16, down 2.27% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.37% on the day, quoting at 24129.6. The Sensex is at 77163.89, down 0.27%.Samvardhana Motherson International Ltd has added around 10.87% in last one month.Meanwhile, Nifty Auto index of which Samvardhana Motherson International Ltd is a constituent, has increased around 4.62% in last one month and is currently quoting at 29101.3, down 0.59% on the day. The volume in the stock stood at 59.65 lakh shares today, compared to the daily average of 209.5 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 165.25, down 1.46% on the day. Samvardhana Motherson International Ltd jumped 77.67% in last one year as compared to a 2.36% slide in NIFTY and a 14.26% spurt in the Nifty Auto index. The PE of the stock is 98.56 based on TTM earnings ending June 26. First Published: Aug 25 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sona BLW Precision Forgings Ltd is quoting at Rs 806.55, down 0.85% on the day as on 13:19 IST on the NSE. The stock jumped 77.77% in last one year as compared to a 2.36% slide in NIFTY and a 14.26% spurt in the Nifty Auto index. Sona BLW Precision Forgings Ltd is down for a fifth straight session today. The stock is quoting at Rs 806.55, down 0.85% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.37% on the day, quoting at 24129.6. The Sensex is at 77163.89, down 0.27%.Sona BLW Precision Forgings Ltd has added around 11.88% in last one month.Meanwhile, Nifty Auto index of which Sona BLW Precision Forgings Ltd is a constituent, has increased around 4.62% in last one month and is currently quoting at 29101.3, down 0.59% on the day. The volume in the stock stood at 10.32 lakh shares today, compared to the daily average of 25.47 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 808.45, down 0.81% on the day. Sona BLW Precision Forgings Ltd jumped 77.77% in last one year as compared to a 2.36% slide in NIFTY and a 14.26% spurt in the Nifty Auto index. The PE of the stock is 65.27 based on TTM earnings ending June 26. First Published: Aug 25 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With this allotment, the paid up equity share capital has increased to Rs 169,58,95,798/-divided into 169,58,95,798- fully paid-up equity shares of Re 1/- each and 900 FCCBs of Principal amount of USD 1,00,000/- as listed at Afrinex Exchange (AFRINEX Securities List, Republic of Mauritius) remain outstanding post aforesaid conversion. First Published: Aug 25 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Communications and Tata Motors Passenger Vehicles (TMPV) today announced collaboration to power the newly launched Sierra.ev, with in-built 5G cellular connectivity, paving the way for futuristic Software-Defined Vehicles (SDVs). Tata Communications MOVE Connected Vehicle Platform will be integrated with the car's new SDV platform - N.IO - to provide seamless connectivity and digital first in-vehicle experiences to its customers. This technology deployment will ensure that vehicles are future ready and scalable for advanced connected vehicle capabilities while supporting AI-enabled applications. The Sierra.ev aims to provide its customers with enhanced safety features and in-vehicle experiences. Tata Communications MOVE will enable this with a smooth onboarding journey, in vehicle secured connectivity for seamless content streaming, faster over-the-air updates, and an option for users to buy additional subscription packs, while ensuring safety critical features like emergency calls, remote support and remote vehicle diagnostics in real time. Tata Communications is committed to bringing TMPV's vision to reality - to transform their vehicles into continuously connected digital experiences that provides uninterrupted infotainment, offer personalisation, improve fleet efficiency, and open new avenues for revenue generation. This collaboration will ensure TMPV is future-ready with seamless connectivity, intelligent services, and continuous feature updates that redefine customer experience. First Published: Aug 25 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Natco Pharma is investing US$ 14 million in eGenesis, Inc. through its wholly owned subsidiaries, NATCO Pharma (Canada) Inc. for an amount of US$ 9.5 million and NATCO Pharma South Africa Proprietary for an amount of US$ 4.5 million, though convertible promissory notes. Previously in 2024, NATCO Pharma had invested US$ 8 million in eGenesis, Inc. through preferred stock. The total investment made by NATCO Pharma in eGenesis, Inc. now stands at US$ 22 million. eGenesis is pioneering a genome engineering-based approach in the development of safe and effective transplantable organs to end the global organ shortage and transform the treatment of organ failure. The eGenesis Genome Engineering and Production (EGEN) Platform is the only technology of its kind to comprehensively address cross-species molecular incompatibilities and viral risk via genetic engineering to improve the lives of patients in need of a transplant. eGenesis is advancing development programs for kidney transplant, acute liver failure, and heart transplant. In March 2024, eGenesis announced the world's first porcine kidney transplant in a living patient. The transplant was authorized by the U.S. Food & Drug Administration (FDA) under the Expanded Access pathway. It was followed by porcine kidney transplants in additional two patients. The outcomes have been exceptionally positive. First Published: Aug 25 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 25 2026 | 3:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This is Puravankara’s fifth land transaction in Bengaluru so far in 2026-27 (FY27), bringing its cumulative FY27 business development to around 49.76 acres First Published: Aug 25 2026 | 3:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Paytm stock surged 6% in Tuesday's trade. First Published: Aug 25 2026 | 2:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 14:30 IST, the barometer index, the S&P BSE Sensex, declined 90.83 points or 0.12% to 77,278.28. The Nifty 50 index lost 45.50 points or 0.18% to 24,172.25. In the broader market, the BSE 150 MidCap Index rose 0.05% and the BSE 250 SmallCap Index fell 0.31%. The market breadth was negative. On the BSE, 1,824 shares rose and 2,385 shares fell. A total of 225 shares were unchanged. Buzzing Index: The Nifty Auto index declined 0.49% to 28,959.35. The index fell 1.16% in the three consecutive trading sessions. Samvardhana Motherson International (down 2.08%), Hero MotoCorp (down 1.18%), Exide Industries (down 1.1%), Sona BLW Precision Forgings (down 0.77%), Tata Motors Passenger Vehicles (down 0.75%), Tube Investments of India (down 0.61%), Ashok Leyland (down 0.46%), Maruti Suzuki India (down 0.43%), Bosch (down 0.33%) and Bajaj Auto (down 0.17%) fell. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.07% to 6.877 compared with the previous session close of 6.875. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.600 compared with its close of 95.7000 during the previous trading session. MCX Gold futures for the 5 October 2026 settlement shed 0.18% to Rs 1,62,963. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.04% to 99.03. The United States 10-year bond yield shed 0.13% to 4.698. In the commodities market, Brent crude for the October 2026 settlement fell $1.22 or 1.32% to $90.95 a barrel. Stocks in Spotlight: Afcons Infrastructure added 2.82% after the company received an arbitral award of Rs 335.50 crore in its favour in proceedings against Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) on 24 August 2026. Sigma Advanced Systems was locked in 5% upper circuit after the company secured an additional long-term agreement worth nearly 125 million (approximately Rs 1,600 crore) from Rolls-Royce. First Published: Aug 25 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Federal Bank slips 4% as lender clarifies on acquisition of Jana SFB First Published: Aug 25 2026 | 2:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Federal Bank slips 4% as lender clarifies on acquisition of Jana SFB First Published: Aug 25 2026 | 2:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Higher crude oil prices risk demand destruction, says Mirae Asset Sharekhan First Published: Aug 25 2026 | 2:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Toxic advance booking before day 1 releases First Published: Aug 25 2026 | 2:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Toxic advance booking before day 1 releases First Published: Aug 25 2026 | 2:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Through this collaboration, EV customers will be able to discover, access and use Jio-bp pulse charging stations using the myHyundai app Hyundai Motor India Ltd on Tuesday said it has entered into a partnership with Jio-bp to integrate their respective EV charging networks and enhance charging accessibility for EV users across India. Jio-bp is the operating brand of Reliance BP Mobility Ltd, a joint venture between Reliance Industries and bp, and is a leading provider of EV charging services and solutions. Through this collaboration, EV customers will be able to discover, access and use Jio-bp pulse charging stations using the myHyundai app, Hyundai Motor India Ltd's (HMIL) integrated EV charging platform, further enhancing charging convenience and accessibility, the company said in a statement. With the integration of the Jio-bp pulse network, HMIL's EV charging ecosystem now provides access to over 37,000 charging points across India, while HMIL's high-capacity chargers will also be gradually integrated into the Jio-bp pulse charge pro app, it added. Commenting on the partnership, HMIL Executive Director and Function Head, Corporate Planning, Hyun Sup Lee said, "This partnership with Jio-bp pulse marks another significant step towards strengthening the EV ecosystem in India by enhancing charging accessibility and convenience for our customers." He further said,"Through the integration of our charging networks, we are simplifying the charging journey and enabling Hyundai EV owners to access a wider network of reliable charging solutions through the myHyundai app." Additionally, Lee said,"HMIL and Jio-bp pulse will explore opportunities to introduce customer-centric offers in the future, further enhancing the ownership experience for EV customers." Jio-bp Chairman Sarthak Behuria said,"India's shift to electric mobility depends on building trust at scale. Our partnership with Hyundai Motor India reflects that shared conviction. By bringing our nationwide network and high-performance charging infrastructure to Hyundai, we are not just adding charging points, we are building that trust together." Behuria further said,"This collaboration marks a meaningful step in our broader vision to make clean mobility accessible, dependable, and future-ready for every Indian on the road." Jio-bp CEO Akshay Wadhwa said for EV owners, range anxiety is often not just about charger availability, but about knowing whether the next charger will be operational. "That's where Jio-bp pulse comes in, with high-uptime charging stations and fast-charging technology designed to deliver a reliable and fast charging experience. Together with Hyundai, we are making it easier for customers to access this network directly through the app," he noted. Jio-bp contributes over 7,000 active charging points spread across more than 300 cities, significantly widening the geographic footprint available to EV owners. Many of these are strategically located along major national highways, enabling smoother, more confident long-distance travel, HMIL said in the statement. Its charging infrastructure includes high-capacity DC fast chargers ranging from 60 kW to 480 kW, allowing EV users to charge at speeds closer to their maximum hardware potential, the company added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 25 2026 | 2:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 2:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Multiplex chain operator PVR Inox Ltd on Tuesday said its board of directors will meet on August 31 to consider a proposal to buy back the company's equity shares. The company has not shared any details on the number of shares or the price at which it will offer the buyback plan. "A meeting of the board of directors of the company is scheduled to be held on Monday, August 31, 2026, inter alia, to consider and approve a proposal for buyback of the equity shares of the company, having a face value of ?10 each, and matters incidental and ancillary thereto," PVR Inox said in a regulatory filing. The outcome of the board meeting will be communicated to the stock exchanges soon after its conclusion, the company said, in accordance with the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. PVR Inox shares touched a 52-week high of ?1,283 on August 25, 2026 and a low of ?900.05 was recorded on March 2, 2026. PVR Inox is India's largest multiplex chain, formed after the merger of PVR Ltd and Inox Leisure in 2023. As of June 30, 2026, PVR INOX was operating 1,779 screens across 113 cities in India and Sri Lanka Shares of PVR Inox were trading at ?1,230.40 per scrip on the BSE in afternoon trade, down 0.07 per cent from the previous close. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 25 2026 | 1:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The benchmark indices pared most of the recovery gains and traded near the day's low in afternoon trade. Market sentiment remained subdued amid weak global cues, while volatility stayed in focus as investors navigated the monthly expiry of Nifty 50 derivatives today. Nifty traded below the 24,150 mark. Banks, oil & gas and chemical stocks declined while pharma and heatlhcare managed to trade with some gains. At 13:24 IST, the barometer index, the S&P BSE Sensex was down 213.51 points or 0.28% to 77,155.60. The Nifty 50 index declined 92.35 points or 0.38% to 24,126.70. In the broader market, the BSE 150 MidCap Index fell 0.10% and the BSE 250 SmallCap Index dropped 0.32%. The market breadth was negative. On the BSE, 1,778 shares rose and 2,358 shares fell. A total of 244 shares were unchanged. Gainers & Losers: Adani Enterprises (up 1.21%), Adani Ports (up 0.63%), Apollo Hospitals (up 0.57%), Eternal (up 0.56%) and ICICI Bank (up 0.55%) were the top gainers. Grasim (down 1.93%), HCL Tech (down 1.85%), Cipla (down 1.38%), Coal India (down 1.33%) and Tata Steel (down 1.29%) were the top losers. Stocks in Spotlight: IIFL Finance dropped 3.58%. The company's material subsidiary IIFL Home Finance has received an assessment order raising a tax demand of Rs 963.39 crore, including surcharge and cess. Netweb Technologies India tumbled 4.41%. The company has announced the successful completion of its qualified institutions placement (QIP) for the equity shares of the company, raising an aggregate of approximately Rs 1,200 crore from global and domestic institutional investors. Larsen & Toubro was down 0.02%. The company announced that its renewables business vertical has secured a major order to develop three battery energy storage system (BESS) projects for a prominent client in the Middle East. As per L&Ts order classification, the value of this 'major' order lies between Rs 5,000 crore to Rs 10,000 crore. Global Market: European equities pushed higher on Tuesday, bouncing back from recent multi-week lows as Washingtons hyped "economic D-Day" against Tehran failed to materialize into immediate supply shocks, providing relief to risk assets. On the other hand, Asian markets traded lower, tracking a mixed close on Wall Street as investors turned cautious ahead of a data-heavy week featuring Nvidia's earnings, US inflation data and Federal Reserve Chair Kevin Warsh's first Jackson Hole speech. Wall Street ended mixed on Monday, with technology and semiconductor stocks under pressure as investors assessed fresh US economic measures against Iran. The Dow Jones Industrial Average rose 0.26%, while the S&P 500 fell 0.28% and the Nasdaq Composite declined 0.76%. Nvidia dropped 2.9%, while Micron Technology and Broadcom also fell, weighing on the technology-heavy indexes. Investor focus also remained on Washington's escalating pressure on Tehran. US Treasury Secretary Scott Bessent outlined a tougher sanctions campaign against Iran, warning of further measures against countries and entities that continue to facilitate trade with Tehran and describing the next phase as an "economic D-Day." The latest measures are aimed at intensifying pressure on Iran's remaining economic channels, while markets are also monitoring the potential impact on oil supplies and the Strait of Hormuz. Oil prices extended their decline on Tuesday after falling sharply in the previous session, offering some relief to bond markets. Brent crude had settled at around $92.17 a barrel on Monday, down 2.4%, as investors assessed the impact of the latest US sanctions and their potential implications for the US-Iran conflict. US Treasury yields also eased, with the 10-year yield around 4.70% after ending the previous session near that level. The decline came after oil prices fell and investors continued to assess the outlook for inflation, government borrowing and Federal Reserve policy. The immediate focus is likely to remain on Nvidia, which is scheduled to report its second-quarter fiscal 2027 results after the US market close on Wednesday, 26 August. Investors will also track the US July Personal Consumption Expenditures price index, the Federal Reserve's preferred inflation gauge, due on Wednesday. The data could influence expectations for the Fed's upcoming policy decisions. Meanwhile, the Jackson Hole Economic Policy Symposium is scheduled for 27-29 August, with Fed Chair Kevin Warsh set to deliver his first major speech at the event on Friday, 28 August. His remarks will be closely watched for clues on the outlook for interest rates amid persistent inflation concerns and elevated Treasury yields. First Published: Aug 25 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As Chief Human Resources Officer, Shobana will lead RateGain's global people strategy. She will own talent, leadership development, and organizational culture, and will work closely with the leadership team to strengthen the capability and leadership the company needs as it enters its next chapter of global growth. A core part of her remit is ensuring RateGain's culture and capability keep pace with the ambition of its technology. First Published: Aug 25 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Apollo Pipes hit 52-week high in Tuesday's trade. First Published: Aug 25 2026 | 1:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 25 2026 | 1:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Airfloa Rail Technology announced that it has received new orders worth an aggregate Rs 6.26 crore from the Furnishing Division of Integral Coach Factory (ICF), Chennai. The total order value stands at Rs 6.26 crore. The orders are subject to Indian Railways standard conditions of contract and general conditions of contract for the Stores Department. The delivery of the orders is scheduled to be completed by 30 November 2026. Airfloa Rail Technology is a manufacturer of rolling stock components for Indian Railways and also undertakes turnkey railway interior projects. With over 27 years of experience and two manufacturing facilities, the company has executed projects including Vande Bharat Express, Vistadome, RRTS, Agra-Kanpur Metro and Sri Lankan DEMU and Mainline Export Coaches. It also supplies precision components to the aerospace and defence sectors and serves global rail OEMs and various Indian Railways divisions. On a consolidated basis, the company's net profit rose 51.98% to Rs 39.15 crore on 66.12% increase in net sales to Rs 319.60 crore in the year ended March 2026 over the year ended March 2025. The counter shed 0.93% to Rs 429.95 on the BSE. First Published: Aug 25 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jindal Steel Ltd is quoting at Rs 1152.1, up 0.27% on the day as on 12:44 IST on the NSE. The stock is up 17.9% in last one year as compared to a 2.25% drop in NIFTY and a 43.29% drop in the Nifty Metal. Jindal Steel Ltd gained for a fifth straight session today. The stock is quoting at Rs 1152.1, up 0.27% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.26% on the day, quoting at 24156.3. The Sensex is at 77276.96, down 0.12%. Jindal Steel Ltd has risen around 8.11% in last one month. Meanwhile, Nifty Metal index of which Jindal Steel Ltd is a constituent, has risen around 6.58% in last one month and is currently quoting at 13381.45, down 0.63% on the day. The volume in the stock stood at 3.92 lakh shares today, compared to the daily average of 9.44 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 1155.4, up 1.16% on the day. Jindal Steel Ltd is up 17.9% in last one year as compared to a 2.25% drop in NIFTY and a 43.29% drop in the Nifty Metal index. The PE of the stock is 33.64 based on TTM earnings ending June 26. First Published: Aug 25 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fertilizers & Chemicals Travancore Ltd, Khandwala Securities Ltd, Medi Caps Ltd and JHS Svendgaard Retail Ventures Ltd are among the other gainers in the BSE's 'B' group today, 25 August 2026. Fertilizers & Chemicals Travancore Ltd, Khandwala Securities Ltd, Medi Caps Ltd and JHS Svendgaard Retail Ventures Ltd are among the other gainers in the BSE's 'B' group today, 25 August 2026. Genesys International Corporation Ltd soared 19.99% to Rs 214.3 at 25-Aug-2026 EOD IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 2.45 lakh shares were traded on the counter so far as against the average daily volumes of 30449 shares in the past one month. Fertilizers & Chemicals Travancore Ltd spiked 15.27% to Rs 904.2. The stock was the second biggest gainer in 'B' group. On the BSE, 15.1 lakh shares were traded on the counter so far as against the average daily volumes of 8854 shares in the past one month. Khandwala Securities Ltd surged 12.89% to Rs 19.09. The stock was the third biggest gainer in 'B' group. On the BSE, 940 shares were traded on the counter so far as against the average daily volumes of 1063 shares in the past one month. Medi Caps Ltd spurt 12.74% to Rs 27.69. The stock was the fourth biggest gainer in 'B' group. On the BSE, 41 shares were traded on the counter so far as against the average daily volumes of 2204 shares in the past one month. JHS Svendgaard Retail Ventures Ltd advanced 12.10% to Rs 18.99. The stock was the fifth biggest gainer in 'B' group. On the BSE, 1 shares were traded on the counter so far as against the average daily volumes of 775 shares in the past one month. First Published: Aug 25 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 25 2026 | 1:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian cryptocurrency exchange WazirX on Tuesday launched WazirX AI, an artificial-intelligence trading assistant that combines market research, portfolio analysis and trade preparation in a single conversational interface. Integrated into WazirX's app and website, the tool allows users to ask questions about live crypto prices, market news and macroeconomic developments, receive analysis with supporting charts, review their portfolios and approve trades without switching between charts, news feeds and trading screens, according to a company statement. The AI assistant follows an "Ask-Understand-Decide" model, coordinating market-data, technical-analysis, portfolio and order-management functions across multi-step requests. "Crypto markets operate 24/7, but traders should not have to spend their day moving between charts, news feeds and trading screens," said Nischal Shetty, founder, WazirX. "WazirX AI combines market research, portfolio monitoring and trade preparation into one conversation, reducing the time and effort required to evaluate an opportunity and act on it. The AI streamlines the workflow, and enables a faster and easier decision making process." WazirX said users can request live portfolio briefings covering account value, profit and loss and open positions, as well as receive daily morning updates. Before a trade is placed, the assistant displays the user's live portfolio and uses their risk preferences to recommend a position size. The tool can also prepare and execute spot and futures trades within a conversation. Proposed orders are presented through an approval card, with parameters, including entry price, leverage, margin, stop-loss, take-profit and estimated loss. Users can issue monitoring instructions in natural language, such as asking the assistant to notify them if Bitcoin breaks a key support level. The AI evaluates the specified condition and sends an alert when it is met, WazirX said. For more complex analysis, a user can ask the assistant to screen Indian Rupee futures for four-hour momentum, filter opportunities against a specified risk-reward threshold, validate the shortlist across multiple timeframes and prepare a trade order. WazirX said the workflow can reduce a process that traditionally involves hours of gathering market context, studying charts and technical indicators and determining entry, exit and risk levels to less than 10 minutes. The company is also launching a paper-trading sandbox that gives users a simulated USD 100,000 balance. The sandbox is intended to let users test strategies and experience the research-to-trade workflow before committing real funds. WazirX AI supports spot and futures trading, market and limit orders, short positions and pair-specific maximum leverage, according to the company. The assistant uses live WazirX price data and is available to users on Android, iOS and the web. The paper-trading sandbox is open to all users. WazirX, founded in 2018, offers INR-based access to cryptocurrencies through spot and perpetual futures markets. The exchange said it is registered as a Reporting Entity with India's Financial Intelligence Unit and follows know-your-customer and anti-money-laundering processes. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 25 2026 | 1:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From six municipalities in state of Tamil Nadu First Published: Aug 25 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sebi has disposed of proceedings against Max Financial Services, Max Life, and Axis Group entities over an alleged ?3,911 crore shareholder loss, with the markets regulator finding that disclosure lapses and a fraudulent scheme were not established. Max Life Insurance Company is now known as Axis Max Life Insurance. The Securities and Exchange Board of India (Sebi), in a final order passed on Monday, dropped proceedings against seven individuals, including Max Group founder and Chairman Analjit Singh. The proceedings arose from a Show Cause Notice (SCN) issued on October 24, 2024, following an investigation into transactions between the Max and Axis entities during 2009-10 to 2021-22. Sebi had examined three sets of arrangements entered into in 2010, 2015 and 2020. The case centred on allegations that Max Financial failed to make adequate and timely disclosures about the transactions and that Max Financial, Max Life, and Axis entities devised a scheme that provided undue benefits to Axis Bank at the expense of Max entities and their shareholders. The 2010 arrangement involved issuing Max Life shares to Axis Bank at par, followed by their acquisition through multiple tranches at progressively higher prices. The 2015 arrangement involved an agreement between Max Financial, Mitsui Sumitomo Insurance Company, and Axis Bank for the transfer of nearly 4.99 per cent of Max Life. The shares were subsequently bought back in tranches at higher prices. The 2020 arrangement initially contemplated the acquisition of a 29.002 per cent stake in Max Life by Axis Bank. Following regulatory discussions, the arrangement was revised, with Axis entities eventually acquiring stakes in Max Life in March-April 2021. Sebi's SCN had alleged that the transactions were structured to provide benefits to Axis entities beyond permissible commissions and that the arrangements caused a loss of ?3,911.95 crore to MFSL shareholders and corresponding benefits to Axis Group entities. However, these were allegations in the show-cause notice and were not ultimately established by Sebi. On the disclosure issue, Sebi's Whole Time Member Amarjeet Singh said the framework applicable to listed entities had evolved considerably since 2010. He observed that MFSL's disclosures could have been more comprehensive and that a more cautious approach may have been desirable. Singh noted that the conduct had to be assessed against the legal requirements prevailing at the relevant time and added that "in the absence of material establishing violation of the specific provisions invoked in the SCN, the disclosure related charges cannot be sustained." The regulator also rejected the allegation of a fraudulent scheme. Sebi said active concealment of material information by Max Financial had not been established. It found no evidence of manipulation of price or volume, creation of an artificial market, or other interference with market integrity. The allegation that Max Financial, Max Life, Axis Bank, Axis Capital, and Axis Securities had devised a fraudulent scheme to defraud Max Financial shareholders was therefore not established, it added. The order also dealt with allegations against the individuals who were at the helm of Max Financial during different periods. "In the absence of the underlying disclosure-related violations or fraud being established against MFSL, and for the reasons... regarding their individual roles and liabilities, the charges against the key managerial personnels of MFSL also cannot be sustained," Sebi said in a 114-page order. Separately, the order noted that the show cause notice had been issued to 25 entities. Of these, 13 entities who were Non-Executive / Independent Directors of MFSL have filed settlement applications, which are currently under process. Under the Sebi's (Settlement Proceedings) Regulations, 2018, filing a settlement application for any specified proceedings will not affect the continuance of the proceedings except that passing the final order is required to be kept in abeyance till the application is disposed of. Accordingly, Sebi kept proceedings against these 13 entities in abeyance while passing the final order against the remaining notices. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 25 2026 | 1:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Demand is coming from sectors including data centres and small businesses as well as retail borrowers looking to monetise their gold, Amitabh Chaudhry, the chief executive of Axis Bank, said in an interview ?at the company's headquarters in Mumbai on Monday. "The headline growth is coming from three places: large corporates, non-bank lenders, and gold loans," Chaudhry said. Axis Bank is selectively expanding data-centre lending, focusing on developers with strong equity backing, technical expertise and long-term take-or-pay contracts. Such contracts, where the supplier agrees a minimum quantity of goods that a buyer has to purchase every year, are typically agreed for long, extensive projects. Chaudhry cautioned the sector was not a "jackpot" and required underwriting discipline. "It is seen as a huge opportunity and a lot of players have entered it," he said. "It might not be such an easy place to play." Among retail segments, loans against gold surged 94% year-on-year in June. Chaudhry said ?the gold-linked demand did not signal economic stress, with borrowers instead taking advantage of higher gold prices and lower rates than those available under unsecured personal loans. "Earlier, people would use gold to borrow only in extreme circumstances. Now they see it as a very legitimate ?way to walk in and borrow," he said. Axis Bank, which has units ranging from investment banking to insurance, is preparing ?two for potential listings, Chaudhry said. Axis is evaluating an internal restructuring involving Max Financial, its joint venture partner in Axis Max Life Insurance, after a change in regulations allowed non-insurance and insurance companies to merge, he said. The move could potentially result in the ?life insurer being listed within 12 to 18 months. Axis Finance, which has more than ?50,000 crore in assets, is likely to list after its assets reach ?1 trillion, the level at which it would be required to do so under Reserve ?Bank of India rules, Chaudhry added. At the firm's current pace of growth, that could happen within the next couple of years, he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 25 2026 | 1:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Addressing the party's first zonal meeting in Patiala, Santosh said Punjab was ready for change and the BJP was prepared to form the government in the state. The announcement comes amid speculation over a possible revival of the BJP's alliance with the Shiromani Akali Dal (SAD). Punjab BJP president Kewal Singh Dhillon had earlier said the party would contest all 117 seats on its own. The BJP and SAD were former allies, but the Akali Dal left the BJP-led NDA in 2020 over the farm laws. Recent talks of a possible reunion gained momentum after SAD president Sukhbir Singh Badal met Prime Minister Narendra Modi on 7 August. Santosh is on a two-day organisational visit to Punjab to review the party's poll preparedness and strengthen its organisation at the grassroots level. He has chaired meetings in Patiala and Bathinda, with further zonal meetings scheduled in Ludhiana, Jalandhar and Amritsar. The meetings are focused on strengthening the party up to the booth level and communicating the policies and achievements of the central government to voters. The Punjab Assembly has 117 seats, and elections are due in early 2027. First Published: Aug 25 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Union Minister of Commerce and Industry, Piyush Goyal, today held discussions in Tokyo with senior leaders of leading Japanese financial and investment institutions on strengthening long-term capital flows, deepening investment partnerships and expanding Japanese participation in India's growth story. Goyal highlighted the strength and resilience of the Indian economy, noting that India recorded 7.7 per cent growth last year despite global uncertainties and is working towards becoming a USD 30 trillion economy by 2047. He underlined the strength of India's banking sector, robust capital adequacy, low levels of non-performing assets, expanding middle class and rising disposable incomes as key drivers of sustained economic growth. The Minister talked about significant opportunities for Japanese investors in semiconductors, artificial intelligence, data centres, renewable energy, green hydrogen, advanced manufacturing and digital infrastructure. He noted that India's expanding renewable energy capacity and national power grid provide a strong foundation for the growth of energy-intensive digital industries, while the India Semiconductor Mission is creating new opportunities across manufacturing and technology. Highlighting the strategic and comprehensive nature of India-Japan relations, Goyal said India regards Japan as a trusted partner in its journey towards becoming a global manufacturing, technology and investment hub. He emphasised India's commitment to intellectual property protection, availability of high-quality talent, policy reforms and creating an increasingly conducive business environment. First Published: Aug 25 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 12:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Siyaram Silk Mills (SSML) said that Crisil Ratings has reaffirmed its 'Crisil AA-/Stable/Crisil A1+' ratings on the bank facilities of the company. Crisil Ratings stated that the business risk profile remains strong, as reflected in healthy revenue growth and improving operating performance. The group reported revenue of Rs 2,576 crore in fiscal 2026, as against Rs 2,226 crore in fiscal 2025, driven by sustained demand across its traditional business segments and steady expansion of its retail footprint. The healthy revenue momentum has sustained during fiscal 2027 as well, indicated by revenue of Rs 446 crore in the first quarter, vis-vis Rs 389 crore in the corresponding period of the previous fiscal. Revenue growth for the full fiscal 2027 will be driven by stable performance in the fabric business and growing contribution of the retail segment. Established brand presence, vast distribution network and strong market position of the group in the domestic textile industry lend stability and revenue visibility. Operating profitability has been on an improving trajectory, benefiting from ramp up in scale, better operating leverage, and a favourable product mix. The margin has moderated in the first quarter of fiscal 2027, but is likely to remain healthy over the medium term, in line with levels reported in previous fiscals. Sustenance of the margin, amidst the competitive industry scenario, reflects the strength of the groups brands, its established clientele and efficient operational structure. The ratings continue to reflect the group's strong business risk profile, supported by established brands, and healthy market position in the domestic textile industry. These strengths are partially offset by susceptibility to volatility in raw material prices, intense competition in the textile and apparel industries, and economic downturns. Siyaram Silk Mills (SSML) company manufactures suiting and shirting fabrics, home furnishing fabrics, and garments in addition to indigo dyed yarn and knitted fabrics. The scrip fell 3.98% to currently trade at Rs 565.20 on the BSE. First Published: Aug 25 2026 | 12:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IIFL Finance dropped 3.07% to Rs 675 after its material subsidiary, IIFL Home Finance, received an assessment order raising a tax demand of Rs 963.39 crore, including surcharge and cess. The principal additions and disallowances include overriding commission income of about Rs 490 crore, deduction claimed under Section 36(1)(viii) of about Rs 305 crore, interest strip assets of about Rs 392 crore and ESOP expenses of about Rs 53 crore. IIFL Home Finance said it has substantial factual and legal grounds to contest the additions and is pursuing appellate, rectification and other remedies. It said it does not presently expect the matter to have a material impact on its financial position or operations. Separately, IIFL Finance said the Income Tax Authority has granted a stay on recovery of an earlier Rs 475.56 crore tax demand raised under a block assessment order dated 12 May 2026. The stay is valid until 31 December 2026 or disposal of the company's appeal, whichever is earlier. The stay is subject to payment of Rs 23.78 crore, equivalent to 5% of the disputed demand, in instalments. IIFL Finance has already paid the first instalment of Rs 5 crore on 13 August 2026. IIFL Finance, along with its subsidiaries IIFL Home Finance and IIFL Samasta Finance, is a leading retail-focused NBFC. It offers a range of lending products, including home loans, gold loans, business loans, microfinance, developer finance and capital market finance. It serves retail and corporate customers through a network of over 4,900 branches across more than 500 cities in India. On a consolidated basis, the company's total income for Q1FY27 stood at Rs 2,202.4 crore, up 34% YoY, while pre-provision operating profit rose 50% YoY to Rs 1,252.4 crore. Profit before tax increased 161% YoY to Rs 928.6 crore, reflecting strong operating leverage and improved asset quality. For Q1FY27, PAT (pre-NCI) stood at Rs 713.1 crore, marking a 160% YoY growth, highlighting the continued strength of the companys secured lending strategy. First Published: Aug 25 2026 | 12:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vodafone Idea Ltd, Tourism Finance Corporation of India Ltd, Paradeep Phosphates Ltd and AWL Agri Business Ltd are among the other gainers in the BSE's 'A' group today, 25 August 2026. Vodafone Idea Ltd, Tourism Finance Corporation of India Ltd, Paradeep Phosphates Ltd and AWL Agri Business Ltd are among the other gainers in the BSE's 'A' group today, 25 August 2026. Rashtriya Chemicals & Fertilizers Ltd soared 6.13% to Rs 126.35 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 7.57 lakh shares were traded on the counter so far as against the average daily volumes of 54251 shares in the past one month. Vodafone Idea Ltd spiked 5.83% to Rs 14.88. The stock was the second biggest gainer in 'A' group. On the BSE, 261.42 lakh shares were traded on the counter so far as against the average daily volumes of 202.7 lakh shares in the past one month. Tourism Finance Corporation of India Ltd surged 5.30% to Rs 136.2. The stock was the third biggest gainer in 'A' group. On the BSE, 3.48 lakh shares were traded on the counter so far as against the average daily volumes of 10.63 lakh shares in the past one month. Paradeep Phosphates Ltd gained 5.19% to Rs 157.2. The stock was the fourth biggest gainer in 'A' group. On the BSE, 17.94 lakh shares were traded on the counter so far as against the average daily volumes of 6.99 lakh shares in the past one month. AWL Agri Business Ltd jumped 4.72% to Rs 203.1. The stock was the fifth biggest gainer in 'A' group. On the BSE, 6.78 lakh shares were traded on the counter so far as against the average daily volumes of 3.44 lakh shares in the past one month. First Published: Aug 25 2026 | 12:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Textile stock Nitin Spinners rallied 104% from January low. (Illustration: Binay Sinha) First Published: Aug 25 2026 | 12:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Afcons Infrastructure added 2.82% to Rs 286.35 after the company received an arbitral award of Rs 335.50 crore in its favour in proceedings against Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) on 24 August 2026. Afcons Infrastructure, the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group. It is a well-diversified infrastructure construction company, and it has delivered projects ranging from expressways, underground and elevated metros, railways, bridges, dams, irrigation systems, hydro, water supply, ports, breakwaters, and oil & gas around the world. The companys consolidated adjusted net profit declined 77.73% year on year (YoY) and 134.62% quarter on quarter (QoQ) to Rs 30.6 crore in Q1 FY27. Net sales declined 20.75% YoY but increased 2.19% QoQ to Rs 2,671 crore in Q1 FY27. First Published: Aug 25 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sigma Advanced Systems was locked in 5% upper circuit at Rs 693.20 after the company secured an additional long-term agreement worth nearly ?125 million (approximately Rs 1,600 crore) from Rolls-Royce. This contract was secured through the company's recently acquired UK subsidiary, Bromford Precision Solutions that is based in Leicester. The agreement covers the manufacture of aero-engine rings, casings, lock plates and other critical engine structures across Sigmas India and UK facilities, creating a dual-source manufacturing arrangement for Rolls-Royce. The new contract builds on the 300 million (approximately Rs 3,800 crore), seven-year Rolls-Royce agreement secured in April 2026, taking the combined value of the two recently announced agreements to approximately 425 million (approximately Rs 5,400 crore). Bromford has specialised in complex aero-engine rings and precision-machined structures since 1988 and already held approvals from Rolls-Royce and Siemens. Its Leicester facility has capabilities including multi-axis machining and the manufacture of rings and casings of up to one metre in diameter. This agreement highlights the strategic rationale behind Sigma's acquisition of Bromford. By adding complementary products, specialist manufacturing expertise and long-standing OEM approvals, Bromford immediately expands Sigma's addressable opportunity with existing customers while accelerating the Group's progression towards higher-value, programme-level aerospace partnerships. Sunil Kalidindi, chief executive officer and executive director, Sigma Advanced Systems, said: "This agreement is another strong marker of how far India's precision engineering and defence-aerospace manufacturing base has come. Global OEMs like Rolls Royce are increasingly looking to India not just for cost advantage, but for engineering depth, quality and scale. By combining Bromford's specialist UK capabilities with our integrated India manufacturing network, we are able to offer a genuinely global, dual-source solution." Sigma Advanced Systems is a leading Indian aerospace and defence precision components manufacturer. The company designs, develops, and manufactures mission-critical systems across avionics, naval systems, radars, communication systems, munitions, aeroengine components and aerostructures, built on its in-house build-to-spec engineering capability. The companys consolidated net profit declined 69.61% to Rs 23.90 crore in Q1 FY27, compared with Rs 125.55 crore posted in Q4 FY26. However, net sales jumped 15.94% QoQ to Rs 374.28 crore in Q1 FY27. First Published: Aug 25 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The dollar index is seen reclaiming back 99 mark on Tuesday, supported by safe-haven demand as the US moved to cut Iran off from the global financial system. Treasury Secretary Scott Bessent announced plans on Monday to isolate Iran through sanctions targeting countries doing business with the Islamic Republic. Meanwhile, the Treasury Department announced an expansion of its buyback program for long-dated government debt in an effort to contain rising borrowing costs, limiting upside in the DXY. Markets now look forward to the release of the US Personal Consumption Expenditures (PCE) Price Index on Wednesday. Fed Chair Kevin Warshs keynote address at the annual Jackson Hole Symposium on Friday will also be scrutinized for more interest rate cues, which will influence the USD. Among basket currencies, EUR/USD and GBP/USD are both edging lower, in line with gains in dollar and quoting at $1.1666 and $1.3525 respectively. First Published: Aug 25 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators further reduced net shorts in Pound futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net short position of 54573 contracts in the data reported through August 18 2026. This was a weekly decrease of 1648 net short contracts. First Published: Aug 25 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 25 2026 | 11:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 25 2026 | 11:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fertiliser stocks surge up to 14% as Russia signals higher supplies to India First Published: Aug 25 2026 | 11:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Entero Healthcare Solutions jumped 5.31% to Rs 1,611.10 after 3P Investment Managers, founded and managed by veteran fund manager Prashant Jain, acquired a 2.5% stake in the company through bulk deals on 24 August 2026. The shares were acquired from Prasid Uno Family Trust, according to the transaction details. As of June 2026, Surbhi Singh (Prasid Uno Family Trust) held 45,50,320 shares, representing a 10.45% stake in Entero Healthcare. The stock has risen 16.17% over four consecutive sessions. It has gained 31.11% in the past one month, 19.47% in the past three months and 31.57% over the past year. Entero Healthcare Solutions is in the business of distribution and marketing of pharmaceutical products, surgical products and other allied services. On a consolidated basis, Entero Healthcare Solutions' net profit rose 37.27% to Rs 38.16 crore while net sales rose 38.23% to Rs 1940.50 crore in Q1 June 2026 over Q1 June 2025. First Published: Aug 25 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Glaxosmithkline Pharmaceuticals Ltd saw volume of 2.31 lakh shares by 10:45 IST on BSE, a 12.83 fold spurt over two-week average daily volume of 17984 shares Coromandel International Ltd, Rashtriya Chemicals & Fertilizers Ltd, IIFL Finance Ltd, Paradeep Phosphates Ltd are among the other stocks to see a surge in volumes on BSE today, 25 August 2026. Glaxosmithkline Pharmaceuticals Ltd saw volume of 2.31 lakh shares by 10:45 IST on BSE, a 12.83 fold spurt over two-week average daily volume of 17984 shares. The stock increased 0.47% to Rs.2,944.20. Volumes stood at 3455 shares in the last session. Coromandel International Ltd clocked volume of 8.65 lakh shares by 10:45 IST on BSE, a 12.11 times surge over two-week average daily volume of 71451 shares. The stock lost 0.51% to Rs.1,915.00. Volumes stood at 4.47 lakh shares in the last session. Rashtriya Chemicals & Fertilizers Ltd clocked volume of 6.8 lakh shares by 10:45 IST on BSE, a 10.77 times surge over two-week average daily volume of 63150 shares. The stock gained 5.42% to Rs.125.50. Volumes stood at 62227 shares in the last session. IIFL Finance Ltd witnessed volume of 8.86 lakh shares by 10:45 IST on BSE, a 7.04 times surge over two-week average daily volume of 1.26 lakh shares. The stock dropped 3.07% to Rs.675.20. Volumes stood at 2.3 lakh shares in the last session. Paradeep Phosphates Ltd recorded volume of 16.25 lakh shares by 10:45 IST on BSE, a 6.25 times surge over two-week average daily volume of 2.60 lakh shares. The stock gained 5.62% to Rs.157.85. Volumes stood at 1.75 lakh shares in the last session. First Published: Aug 25 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 279.44 crore shares as against 1.51 crore shares on offer. The non-institutional investors' (NII) portion was subscribed 314.44 times, followed by the qualified institutional buyers' (QIB) portion at 302.88 times. The employee portion was subscribed 124.95 times, while the retail individual investors' (RII) segment was subscribed 60.69 times. The issue opened for bidding on 20 August 2026 and closed on 24 August 2026. The price band of the IPO was fixed between Rs 285 and 300 per share. An investor can bid for a minimum of 50 equity shares and multiples thereof The offer comprised both fresh issue of equity shares of face value of Rs 4 each aggregating up to Rs 95 crore and an offer for sale of up to 18,500,000 equity shares of face value of Rs 4 each. Of the net proceeds, the company intends to use Rs 18.134 crore towards funding certain capital expenditure towards (i) electrical heating solutions and (ii) specialized cable solutions, Rs 55 crore towards prepayment of certain borrowings and balance towards general corporate purposes. Ahead of the IPO, Temsens Instruments (India) on Wednesday, 19 August 2026, raised Rs 194.54 crore from anchor investors. The board allotted 64.84 crore shares at Rs 300 each to 29 anchor investors. The end-user industries include power, steel, oil and gas, cement, chemicals, plastics, automotive, defence and space. In addition, it supply a broad range of OEMs, such as manufacturers in green energy, including wind, solar, fuel cells and battery storage as well as plastic injection moulding machine manufacturers, defence, aerospace companies and other advanced technology sectors. In FY26, the companys revenue mix remained diversified across its product segments, with temperature sensing solutions contributing 44.59% of revenue from operations, followed by specialized cables at 34.71% and electrical heating solutions at 20.70%. From a business model perspective, MRO accounted for 32.45% of FY26 revenue, while the remaining 67.55% was contributed by projects/OEM business. From an end-user industry perspective, petrochemicals constituted the largest revenue contributor at 21.45%, followed by metals (19.68%) and power (12.27%). Defence & nuclear, manufacturing and glass contributed 6.95%, 9.42% and 6.74%, respectively, while plastic, trading and other segments accounted for 3.90%, 9.58% and 9.99%, respectively. The diversified industry mix provides the company with exposure to multiple end markets and reduces dependence on any single sector. The firm reported a consolidated net profit of Rs 71.07 crore and sales of Rs 444.88 crore for the twelve months ended on 31 March 2026. First Published: Aug 25 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 11:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Copper declined 6.63% to Rs 535 after the government of India launched offer for sale (OFS) to divest 6% stake in the company. The OFS opened for non-retail investors on Tuesday, 25 August 2026, while retail investors, eligible employees and non-retail investors opting to carry forward unallotted bids can participate on Wednesday, 26 August 2026. The floor price for the OFS has been fixed at Rs 514 per share, implying a discount of 10.38% to the previous day's closing price of Rs 573.55 on the BSE. Of the base offer, 2.61 crore shares have been reserved for non-retail investors and 29.01 lakh shares for retail investors. Including the oversubscription option, the non-retail portion may increase to 5.22 crore shares, while the retail allocation may rise to 58.02 lakh shares. According to BSE data, the offer received bids for 7,70,505 shares as of 10:25 a.m IST on the first day, translating into 2% subscription of the base non-retail portion of 2.61 crore shares. Of these, bids for 3,50,505 shares were received under the 100% margin category and 4,20,000 shares under the 0% margin category. The indicative bid price stood at Rs 514.74 per share. The retail bidding window is scheduled to open on 26 August 2026. The OFS also includes a reservation of up to 25,000 shares for eligible employees. Employees can bid for shares worth up to Rs 5 lakh under the offer. Hindustan Copper is a central public sector undertaking under the administrative control of Ministry of Mines, Government of India. The principal activities of the company are exploration, exploitation, mining of copper and copper ore including beneficiation of minerals, smelting and refining. As on 31 March 2026, the Government of India held 66.14% in the company. On a consolidated basis, the companys adjusted net profit increased 162.47% YoY and declined 20.69% QoQ to Rs 352.37 crore in Q1 FY27. Net sales increased 81.36% YoY and fell 18.99% QoQ to Rs 936.5 crore in Q1 FY27. First Published: Aug 25 2026 | 11:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee edged against the American currency in early trade on Tuesday, as elevated crude prices and importer dollar demand weighed on the currency. The RBI's continued intervention through state-run banks helped prevent a sharper decline, keeping USD/INR in a narrow range despite weakness in Asian equities and renewed geopolitical uncertainty around Iran. INR opened at Rs 95.74 per dollar but recovered to a high of 95.69 so far during the day. Yesterday, the counter ended at 95.70. Local shares opened lower on Tuesday, extending losses from the previous session after U.S. Treasury Secretary Scott Bessent announced a wave of new sanctions to isolate the Iranian regime and warned that countries and companies that help Iran move or hide money could face U.S. actions and potentially lose access to the U.S. dollar system. The BSE SENSEX is trading down by 234.41 points (0.30%) at 77,134.70, while the NSE NIFTY 50 has dropped 97.60 points (0.40%) to 24,121.45. First Published: Aug 25 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 10:30 IST, the barometer index, the S&P BSE Sensex, declined 231.23 points or 0.30% to 77,137.88. The Nifty 50 index lost 94.80 points or 0.39% to 24,119.60. In the broader market, the BSE 150 MidCap Index fell 0.16% and the BSE 250 SmallCap Index shed 0.34%. The market breadth was negative. On the BSE, 1,597 shares rose and 2,133 shares fell. A total of 260 shares were unchanged. New Listing: Shares of Shankesh Jewellers were currently trading at Rs 100 at 10:15 IST on the BSE, representing a premium of 7.53% as compared with the issue price of Rs 93. The stock debuted at Rs 102.20 on the BSE, a premium of 9.89% over its issue price. So far, the stock has hit a high of Rs 103.14 and a low of Rs 98.30. On the BSE, over 20.25 lakh shares of the company were traded in the counter so far. Shares of Sunshine Pictures were currently trading at Rs 379.45 at 10:15 IST on the BSE, representing a premium of 5.40% as compared with the issue price of Rs 360. The stock debuted at Rs 394 on the BSE, a premium of 9.44% over its issue price. So far, the stock has hit a high of Rs 395 and a low of Rs 375.65. On the BSE, over 6.74 lakh shares of the company were traded in the counter so far. Buzzing Index: The Nifty Metal index fell 0.98% to 13,249.80. The index jumped 2.73% in the past three trading sessions. Hindustan Copper (down 6.37%), Hindustan Zinc (down 2.1%), National Aluminium Company (down 1.64%), Hindalco Industries (down 1.09%), Adani Enterprises (down 0.99%), Vedanta (down 0.94%), JSW Steel (down 0.84%), Tata Steel (down 0.78%), APL Apollo Tubes (down 0.55%) and Lloyds Metals & Energy (down 0.49%) fell. Stocks in Spotlight: VA Tech Wabag shed 0.27%. The company announced the signing of a 'mega' contract for the Doha SWRO Desalination Plant with Recarbonation System Stage II in Kuwait. Puravankara added 0.93%. The company said that it has entered into a joint development agreement (JDA) for a 7.83-acre land parcel in South-East Bengaluru, with an estimated gross development value (GDV) of Rs 1,100 crore. First Published: Aug 25 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sudarshan Chemical Industries said that its Sudarshan Switzerland SLO AG has signed a definitive asset sale and transfer agreement with Clariant Additives (Switzerland) AG to acquire its aluminium dyes and chemicals manufacturing plant in Muttenz. For years, the Switzerland-based Muttenz plant has manufactured Sudarshan Chemical Group's aluminium dyes portfolio, including the Sanodal, Sanodure, Sanodye, and Anodal brands. The agreement converts that supply relationship into direct ownership. Aluminium Dyes are the colorants used to color anodized aluminium, giving finished surfaces their color and durability in automotive and consumer electronics components, packaging and industrial parts. Sudarshan Chemical Group covers the segment worldwide in cooperation with its trusted regional partners. The said unit is being acquired for a base price of seven million Swiss Francs CHF 7,000,000 and inventory value as determined in accordance with the asset sale and transfer agreement. Sudarshan Switzerland SLO AG is a step-down wholly-owned subsidiary of Sudarshan Chemical Industries. Sudarshan Chemical Industries is a global leader in color solutions and specialized pigments, serving customers in over 120 countries. The company offers a broad portfolio of organic, inorganic, and pearlescent pigments used across coatings, plastics, inks, cosmetics, and other applications. The company's consolidated net profit surged 106.14% to Rs 97.30 crore in the quarter ended June 2026 as against Rs 47.20 crore during the previous quarter ended June 2025. Sales rose 5.39% to Rs 2642.10 crore in Q1 FY27 over Q1 FY26. The scrip shed 0.59% to currently trade at Rs 1230.05 on the BSE. First Published: Aug 25 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Sunshine Pictures were currently trading at Rs 379.45 at 10:15 IST on the BSE, representing a premium of 5.40% as compared with the issue price of Rs 360. So far, the stock has hit a high of Rs 395 and a low of Rs 375.65. On the BSE, over 6.74 lakh shares of the company were traded in the counter so far. The initial public offer of Sunshine Pictures was subscribed 105.81 times. The issue opened for bidding on 18 August 2026 and it closed on 20 August 2026. The price band of the IPO is fixed between Rs 342 and 360 per share. The IPO comprised a fresh issue of equity shares worth up to Rs 1,428 crore and an offer for sale of equity shares aggregating up to Rs 125 crore by Sathishkumar T and Anitha S. The offer consists of both a fresh issue and an offer for sale component (OFS). The fresh issue will include 48,00,034 shares aggregating up to Rs 172.80 crore at the upper price band of Rs 360. OFS includes 30,37,157 shares of Rs 10 aggregating up to Rs 109.3 crore at upper price band of Rs 360. The total number of shares and aggregate amount are 78,37,191 shares aggregating up to Rs 282.14 crore at upper price band of Rs 360. Promoters Vipul Amrutlal Shah and Shefali Shah will offload a part of their stake in the OFS. SPL plans to utilize Rs 112.5 crore towards working capital requirements and the balance towards general corporate purposes. Sunshine Pictures (SPL) is a content production house engaged in creating, producing, marketing and distributing films, TV serials and web series. The company has produced popular films such as Force, Commando, Holiday, Force 2, Commando 2 and The Kerala Story. It currently has multiple projects in production and development, including films and web series scheduled for release in FY27. However, its revenue and profitability remain dependent on the commercial success and audience acceptance of its content, making earnings inherently unpredictable. Ahead of the IPO, Sunshine Pictures, on 11 August 2026, raised Rs 84.64 crore from anchor investors. The board allotted 23.51 lakh shares at Rs 360 each to 9 anchor investors. First Published: Aug 25 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Shankesh Jewellers were currently trading at Rs 100 at 10:15 IST on the BSE, representing a premium of 7.53% as compared with the issue price of Rs 93. The stock debuted at Rs 102.20 on the BSE, a premium of 9.89% over its issue price. So far, the stock has hit a high of Rs 103.14 and a low of Rs 98.30. On the BSE, over 20.25 lakh shares of the company were traded in the counter so far. The initial public offer of Shankesh Jewellers was subscribed 2.80 times. The issue opened for bidding on 18 August 2026 and it closed on 20 August 2026. The price band of the IPO is fixed between Rs 88 and 93 per share. The IPO comprised fresh issue of equity shares worth up to Rs 274.18 crore and an offer for sale of 1,00,00,000 equity shares aggregating up to Rs 93 crore by Kantilal Kheemraj Jain and Manoj Kantilal Jain. The objectives of the fresh issue include Rs 158 crore for repayment/prepayment of certain borrowings, Rs 38 crore for funding working capital requirements, and the remaining amount for general corporate purposes. The promoters are Kantilal Kheemraj Jain, Mahavir Kantilal Jain and Manoj Kantilal Jain. The promoters and promoter group hold an aggregate of 11,22,32,400 equity shares, aggregating to 95.48% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is expected to be around 69.53%. Shankesh Jewellers is a hand-crafted gold jewellery company operating an asset-light model, with production primarily outsourced to skilled job workers. The company offers a wide range of 22-karat and 18-karat jewellery, including bridal, antique, temple and customized designs, and caters to corporate and non-corporate clients across India. Corporate clients contributed 64.25% of revenue in FY26, while its top five customers accounted for 23.26%, indicating some customer concentration. The company served 418 customers in FY26, including 334 repeat customers, and continues to expand its market presence through B2B jewellery exhibitions. Ahead of the IPO, Shankesh Jewellers, on 17 August 2026, raised Rs 110.15 crore from anchor investors. The board allotted 1.18 crore shares at Rs 93 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 106.68 crore and sales of Rs 1,630.79 crore for the twelve months ended on 31 March 2026. First Published: Aug 25 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Renewables business vertical of Larsen & Toubro (L&T)has won a major order to develop three Battery Energy Storage System (BESS) projects for a notable client in the Middle East. In addition to the storage facilities, the scope of the packages also involves grid interconnections, including pooling substations and underground cables. The three projects will collectively contribute to 6 gigawatt-hour of storage capacity, marking one of the most impactful advancements in grid modernisation and renewable energy integration across the Middle East region. According to the company's project classification, the value of the order ranges between Rs 5,000 crore to Rs 10,000 crore. This positions L&T as a key EPC player in the fast-growing energy storage sector. The projects feature a 4-hour Battery Energy Storage System (BESS) each, capable of storing and dispatching energy, to support grid stability and renewable energy integration. This enables effective energy shifting, allowing surplus clean energy generated during off-peak periods to be stored and delivered during peak demand hours. The advanced BESS solution will incorporate liquid cooling technology, ensuring higher power density, enhanced safety and extended operational life. First Published: Aug 25 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With estimated gross development value of Rs 1,100 cr Puravankara has entered into a joint development agreement (JDA) for a 7.83-acre land parcel in South-East Bengaluru, with an estimated Gross Development Value (GDV) of Rs 1,100 crore. The project has a saleable area of approximately 0.89 msft and will be developed as a residential community, adding to Puravankara's presence in this established South Bengaluru corridor. This marks Puravankara's fifth land transaction in Bengaluru for FY27, underscoring the calibrated approach and the pace at which the company continues to build its development pipeline in the city. First Published: Aug 25 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ceigall India gains 5% after winning ?705-crore Arunachal road project First Published: Aug 25 2026 | 10:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Puravankara added 1.52% to Rs 217.60 said that it has entered into a joint development agreement (JDA) for a 7.83-acre land parcel in South-East Bengaluru, with an estimated gross development value (GDV) of Rs 1,100 crore. The project, which is the company's fifth land transaction in Bengaluru for FY27, has a saleable area of approximately 0.89 million square feet and will be developed as a residential community. Strategically located in South-East Bengaluru, the site benefits from its proximity to the Electronic City employment corridor and access to Hosa Road and Hosur Road. The micro-market also benefits from connectivity via Namma Metros operational Yellow Line and has emerged as an established residential catchment for professionals working in Electronic City and nearby employment hubs. Mallanna Sasalu, CEO-South, Puravankara, added: "This land parcel gives us close to a million square feet of saleable area in a corridor that's already proven its value. Electronic City has strong housing demand due to employment opportunities, robust social infrastructure, and good road and metro connectivity. With this transaction, we have added five land parcels in Bengaluru this fiscal, bringing our cumulative FY27 business development to around 49.76 acres, approximately Rs 6,300 crore in potential GDV, and about 5.12 million square feet of saleable area." Puravankara is engaged in the business of real estate development. As of June 30, 2026, the company has completed 97 projects totaling around 59 million square feet across nine cities viz., Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The real estate developer reported a consolidated net profit of Rs 26.02 crore in Q1 FY27, compared with a net loss of Rs 68.55 crore in Q1 FY26. Revenue from operations increased 61.85% year on year to Rs 848.72 crore in the quarter ended 30 June 2026. First Published: Aug 25 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TCS share price: JM Financial has an ADD rating with a target price of Rs 2,205. First Published: Aug 25 2026 | 10:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sigma Advanced Systems has secured a further long-term contract with Rolls-Royce through its recently acquired UK subsidiary, Bromford Precision Solutions based in Leicester, demonstrating the immediate strategic value of the acquisition and expanding the Group's long term relationship with one of the world's leading aerospace OEMs. Valued at nearly 125m (approximately Rs 1,600 crore), the agreement builds directly on the recently secured ~300m (approximately Rs 3,800 crore) Rolls-Royce long-term agreement, broadening the Group's product offering, manufacturing capability and content across critical aerospace programmes. Together, the agreements significantly strengthen Sigma's position within Rolls-Royce's UK supply chain while increasing long-term revenue visibility. First Published: Aug 25 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To acquire aluminium dyes and chemicals manufacturing plant in Muttenz, Switzerland Sudarshan Switzerland SLO AG (formerly known as Heubach Colorants Switzerland AG), a step-down wholly-owned subsidiary of Sudarshan Chemical Industries, has, on 24 August 2026, signed a definitive Asset Sale and Transfer Agreement with Clariant Additives (Switzerland) AG to acquire its aluminium dyes and chemicals manufacturing plant in Muttenz, Switzerland. For years, the Muttenz plant has manufactured Sudarshan Chemical Group's Aluminium Dyes portfolio, including the Sanodal, Sanodure, Sanodye, and Anodal brands. The agreement converts that supply relationship into direct ownership. Aluminium Dyes are the colorants used to color anodized aluminium, giving finished surfaces their color and durability in automotive and consumer electronics components, packaging and industrial parts. Sudarshan Chemical Group covers the segment worldwide in cooperation with its trusted regional partners. First Published: Aug 25 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Annu Projects IPO price band is fixed at ?94 to ?99 per share First Published: Aug 25 2026 | 9:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asia shares slipped on Tuesday while oil prices extended losses, after threats from the US for an "economic D-Day" of sanctions on Iran turned out to be a damp squib. US Treasury yields were off their recent highs following a report that the Treasury Department might tap into its cash account to finance increased debt buybacks, which could reduce the need for additional sales of short-term bills. The tech sector is holding its breath for Nvidia's results ?on Wednesday; investors are aware how hard it will be for the chipmaker to meet lofty expectations. Analysts are generally looking for quarterly revenue to almost double to around $92 billion, with full-year earnings guidance seen in a range of $103 billion to $105 billion. "Those are really high expectations to be met," said Fabien Yip, a market analyst at IG. "Judging from Nvidia's track record, it won't be surprising if they meet the headline numbers, but I think the more piece is people are trying to understand whether there are concerns on the circular deals powering its growth and whether that growth percentage is sustainable in the upcoming quarters." MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.5 per cent, while Japan's Nikkei lost 0.9 per cent and South Korea's Kospi slid 2.7 per cent. Also weighing on tech sentiment was Alibaba's launch of a $10.2 billion share sale at a steep discount to fund its AI ambitions as well as disappointment over Samsung Electronics' shareholder-return plan. Nasdaq futures were off 0.08 per cent while S&P ?500 futures were flat. EUROSTOXX 50 futures edged 0.05 per cent lower. On Monday, the Trump administration warned countries to cut their business ties with Iran or face secondary sanctions as part of what it billed as an "economic D-Day," though the Treasury Department stopped short of imposing any penalties. Oil prices fell in the wake of the announcement and were little changed on Tuesday, with Brent crude futures down 0.1 per cent to $92.08 a barrel. US crude edged 0.1 per cent higher to $85.09 per barrel; both measures fell more than 2 per cent overnight. "We do not expect China - Iran's largest trade partner - to bow to US pressure to cease commerce with Iran," said Joseph Capurso, a strategist at the Commonwealth Bank of Australia. "The US' campaign against Iran puts at risk the trade truce between the US and China ahead of the leaders meeting next month." Still, the threat of being cut off from ?the dollar-based financial system stoked rumours that some countries and banks might need to buy dollars in anticipation, lending support to the greenback. The US dollar extended gains against its Canadian counterpart and last stood at C$1.3844 after a rise of more than 0.5 per cent overnight. On Monday, US President Donald Trump ?threatened to raise US tariffs on all cars, trucks and automotive parts from Canada to 50 per cent starting on January 1, escalating a trade fight after ?negotiations collapsed last week. The euro strayed from a three-month high and last bought $1.1668, while sterling added 0.06 per cent to $1.3638. Market participants will be focused on Federal Reserve Chair Kevin Warsh's speech in Jackson Hole, Wyoming, on Friday, where investors are hoping for some clarity on the outlook ?for US interest rates. "Fiscal uncertainty is unlikely to fade soon ... there is scope, though, for the Warsh-led Fed to ease some monetary policy uncertainty by clarifying its reaction function - specifically, how long it is willing to keep rates on hold to see inflation return to its ?2 per cent target," Standard Chartered analysts said. "All eyes will be on Chair Warsh's Jackson Hole speech for a signal, if not forward guidance." Spot gold was up 0.5 per cent at $4,675.51 an ounce. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 25 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SunShine Pictures will list today on the stock exchanges. The issue opened for bidding on 18 August 2026 and it closed on 20 August 2026. The price band of the IPO was fixed between Rs 342 and 360 per share. The offer received bids for 58.04 crore shares as against 54.86 lakh shares on offer. The issue was subscribed 105.81 times. Sankesh Jewellers IPO will list on the bourses today. The offer received bids for 7.74 crore shares as against 2.76 crore shares on offer. The issue was subscribed 2.80 times. The issue opened for bidding on 18 August 2026 and it closed on 20 August 2026. The price band of the IPO was fixed between Rs 88 and 93 per share. Stocks To Watch: Tata Consultancy Services (TCS) announced a strategic partnership with Porsche AG for enabling AI services across the mobility value chain for Porsche. As part of the deal, TCS will establish a dedicated AI Mobility Centre of Excellence for Porsche to drive innovation across manufacturing, engineering, operations and customer experience. The company will acquire Porsche AG arm MHP Management for 320 million euros ICICI Bank priced $1 billion Senior Unsecured Fixed Rate Notes under its $7.5 billion Global Medium Term Note Programme. The notes have a five-year tenure and will mature on 27 August 2031. The notes carry a coupon rate of 5.410%, with interest payable semi-annually on 27 February and 27 August each year until maturity. Hindustan Copper said the Government of India will sell a 3% stake in the company through an offer for sale (OFS), with an additional 3% stake available under the green shoe option in case of oversubscription. The OFS has a floor price of Rs 514 per share. Afcons Infrastructure has received an arbitral award of Rs 335.50 crore, comprising a principal amount of Rs 152.25 crore and pre-award and pendente lite interest of Rs 183.25 crore. The interest was calculated at the SBI Base Rate with quarterly rests for the period from 1 May 2019 to 24 August 2026. UCO Bank's board has approved raising of foreign currency fund to the extent of $1.00 Billion , in one or more tranches, by issuance of Debt Instruments through Medium Term Note (MTN) Programme. Brigade Hotels Ventures announced the appointment of Vinay Gupta as Chief Executive Officer (CEO). Great Eastern Shipping (GE Shipping)s board is scheduled to meet on 27 August 2026, to consider buyback proposal. First Published: Aug 25 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To jointly explore opportunities in Renewable Energy Storage Technology (REST) space in India Gujarat Inject (Kerala) (GIKL) has entered into a strategic business partnership with England-based Storenergy to jointly explore opportunities in the Renewable Energy Storage Technology (REST) space in India. As part of the agreement, the two companies will work together to identify, evaluate and develop potential REST opportunities in the Indian market. The partnership is aimed at enabling GIKL to participate in the growing renewable energy storage segment and explore related business opportunities in the country. First Published: Aug 25 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Biocon Biologics, a wholly-owned subsidiary of Biocon, received marketing approval for its pegfilgrastim biosimilar (Product) from Japan's Ministry of Health, Labour and Welfare (MHLW). The product, a biosimilar to Neulasta, is developed and manufactured by Biocon Biologics, parent entity of Biocon Biologics UK PLC (Biocon Biologics and Biocon Biologics UK PLC shall be collectively referred to as Biocon), with Global Regulatory Partners Japan serving as the Marketing Authorization Holder on behalf of Biocon. Sandoz K.K. shall exclusively promote, sell, and distribute the Product in Japan. This approval further strengthens Biocon's portfolio of biosimilar products in Japan and reaffirms the company's commitment to increasing patient access to high-quality and affordable medications globally. First Published: Aug 25 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Capital Numbers Infotech has completed the acquisition of 100% of Epitome Cloud Inc., a New Jersey headquartered Salesforce and enterprise transformation company with an established presence in the US market, in a transaction valued at Rs 40 crore. The acquisition is a significant step in Capital Numbers' plans to build a stronger, more specialised global technology services business by bringing together its expertise in digital engineering, cloud, data and AI with Epitome Cloud's enterprise platform capabilities. Epitome Cloud brings specialised capabilities across Salesforce, Revenue Cloud, CPQ, CLM and enterprise workflow platforms, including Conga, Agiloft and Onit. These capabilities complement Capital Numbers' existing strengths in digital engineering, cloud, data, AI and application development, enabling the combined organisation to address a broader range of complex enterprise transformation requirements. The acquisition also strengthens Capital Numbers' presence in the US, one of the company's key international markets. Epitome Cloud brings established client relationships and market understanding, creating opportunities for the combined business to deepen existing relationships and pursue larger enterprise engagements. Anand Varanasi, CEO of Epitome Cloud, will further support the company's ability to engage with clients locally and strengthen relationships in the US market. First Published: Aug 25 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Both contracts fell ?more than 2 per cent on Monday with US crude oil falling to a one-week low on profit taking after prices rallied over the previous two weeks Oil prices steadied on Tuesday, after falling more than 2 per cent in the previous session, as investors assessed the impact of harsher US secondary sanctions against Iran. Brent crude futures were down 9 cents, or 0.1 per cent, at $92.16 by 0104 GMT, while US West Texas Intermediate crude was up 1 cent at $85.02 a barrel. Both contracts fell ?more than 2 per cent on Monday with US crude oil falling to a one-week low on profit taking after prices rallied over the previous two weeks. US Treasury Secretary Scott Bessent on Monday unveiled an expansion of sanctions to cut off Iran's economic lifeline, to force an end to the war between them, telling countries they would need to sever their business ties or risk being cut out of the dollar-based financial system. However, he declined to identify the countries that would be targeted or reveal when those penalties would take effect, saying he would instead provide them time to comply with the new directive. While US Defense Secretary Pete Hegseth said on Monday the US would not ?rule out using military force against Iran, the country is turning towards more economic coercion, which analysts said removed concerns about threats to Middle Eastern oil supply because of the war. "Markets appear to be pricing economic pressure as a lower-risk path for physical supply than kinetic action, which is why the initial reaction was for oil to move lower rather than spike higher," said Tim Waterer, chief market analyst at KCM. However, he warned, "Iran still retains the ability to respond by disrupting shipping, which continues to keep a residual premium in the oil price." Highlighting those threats, an oil tanker was struck on Tuesday by an ?unidentified projectile and disabled about 9 nautical miles (16.7 km) northeast of Oman's Ash Shishah, the United Kingdom Maritime Trade Operations said. Iran is still maintaining it should have control over the key Strait of Hormuz, ?which before the war started in February typically carried cargoes equal to about 20 per cent of global oil use. ?On Monday, it named 45 tankers that had broken its rules on crossing the strait and threatened action against them, up to confiscating their cargoes. The supply disruptions as a result of the US-Israeli ?war on Iran that started on February 28 have caused countries to draw down their commercial and strategic reserves. On Monday, the Department of Energy reported stocks of crude oil in the US Strategic Petroleum ?Reserve fell by about 3.7 million barrels to 289.7 million barrels last week, the lowest since November 1982. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 25 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GPT Infraprojects announced that its subsidiary, Alcon Builders and Engineers, has been declared the lowest (L1) bidder by Northeast Frontier Railway, Maligaon, Guwahati, for a railway signalling project valued at Rs 97.31 crore. GPT Infraprojects is the flagship company of the GPT Group and is a premier infrastructure company based out of Kolkata. The company operates through two business divisions-infrastructure and sleepers. It is engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for railways. In the sleeper segment, the company manufactures and supplies concrete sleepers for railways in India and Africa. On a consolidated basis, the companys net profit increased 4.90% YoY and declined 22.74% QoQ to Rs 24.63 crore in Q1 FY27. Net sales declined 3.38% YoY and 27.16% QoQ to Rs 302.07 crore in Q1 FY27. The counter rose 1.34% to settle at Rs 113.55 on Monday, 25 August 2026. First Published: Aug 25 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
President Donald Trump is moving toward levying a new tariff on China that would penalise the world's second-largest economy for flooding the global market with underpriced goods, according to three people familiar with the matter. Two of the people, who spoke on condition of anonymity to discuss internal deliberations still being finalised, said Trump is considering setting the new tariff at 7.5 per cent. It's a level administration officials believe would not endanger the one-year trade truce between Washington and Beijing or a planned White House meeting between Trump and Chinese President Xi Jinping expected to take place in late September. The move, if finalised, appears to be a calibrated effort by the White House to work around a Supreme Court decision earlier this year that struck down Trump's plan to implement a sweeping, high-tariff scheme not seen since the 1930s. After that decision, the Trump administration announced in March it was launching formal investigations targeting excess industrial capacity and forced-labour regulations in China and other nations. It isn't clear if the US administration is also nearing its decision in its probes of the other economies that it announced it was investigating for unfair trade practices, including the European Union, Singapore, Switzerland, Norway, Indonesia, Malaysia, Cambodia, Thailand, South Korea, Vietnam, Taiwan, Bangladesh, Mexico, Japan and India. The White House and the US Trade Representative's office did not respond to requests for comment on the tariff deliberations, which Bloomberg News reported earlier Monday. The Chinese embassy in Washington also did not immediately respond to a request for comment. The excess industrial capacity probe of China was initiated under Section 301 of the Trade Act of 1974, which allows the president to levy tariffs against nations that discriminate against US companies or commerce. The people familiar with the deliberations stressed that Trump could still change his mind on the new tariff on China. It would come on top of tariffs of 10 per cent to 12.5 per cent announced last month for 60 economies around the globe that the Trump administration accused of failing to effectively enforce a ban on goods produced with forced labour. Many countries, including China, protested that move, which took effect just as the clock ran out on temporary tariffs Trump had turned to after the Supreme Court in February struck down sweeping "reciprocal" tariffs he levied on nearly every US trade partner. China last month pushed back against claims of overcapacity, anticipating that the US would soon release results of its probe and impose new tariffs. Massive capacity in a slew of Chinese industries, from autos to solar panels, cement and steel manufacturing, has drawn increased attention from Beijing's trading partners in recent years. Although China's own leaders have prioritised rebalancing the economy, slowing domestic demand has prompted companies to expand into overseas markets. Surging exports pushed China's trade surplus to a record of nearly USD 1.2 trillion last year. China has never sought a large trade surplus, the Ministry of Commerce said in a recently published report titled "China's Position on the So-called Excess Capacity Issue." The deliberations come as the Treasury Department on Monday warned countries doing trade with Iran that new secondary sanctions are in the pipeline aimed at ostracising nations that continue to do business with Tehran. China is Iran's biggest trade partner. Washington has promised the new sanctions would put even more pressure on an Iranian economy already battered by previous sanctions and a US naval blockade as the US and Israeli war against Iran nears the six-month mark. Treasury Secretary Scott Bessent's announcement Monday provided little detail and did not name which countries could face secondary sanctions. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 25 2026 | 8:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Life, Home First Finance emerge as Shrikant Chouhan’s breakout ideas First Published: Aug 25 2026 | 8:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 25 2026 | 8:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to open lower on Tuesday. Global equities declined as investors braced themselves from chip giants' earnings, due this week. First Published: Aug 25 2026 | 7:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
V-Mart Retail among top 3 stock picks by Geojit Investments for near term First Published: Aug 25 2026 | 7:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold loan market gets crowded: Will new entrants dull incumbents’ sheen? First Published: Aug 25 2026 | 7:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold loan market gets crowded: Will new entrants dull incumbents’ sheen? First Published: Aug 25 2026 | 7:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Skyways Air vs Symbiotec vs Hy-Tech: Analysts pick their top IPO bet First Published: Aug 25 2026 | 7:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Abhishek Dwivedi, managing director and chief executive officer, Navi Finserv This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 24 2026 | 10:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 24 2026 | 10:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 24 2026 | 9:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dixon had soft Q1FY27 results but a rebound in smartphone volumes, including market share gains This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dixon had soft Q1FY27 results but a rebound in smartphone volumes, including market share gains This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Markets regulator Sebi on Monday decided to introduce an IT Resilience Index (ITRI) to assess the functioning and resilience of information technology systems of market infrastructure institutions (MIIs), including stock exchanges, depositories and clearing corporations. The move is aimed at strengthening oversight of the resilience of IT systems and identifying emerging weaknesses at an early stage, so that timely corrective measures can be taken. Under the framework, the ITRI will be computed using a uniform set of nine parameters, each carrying a specific weightage to ensure comparability across MIIs, Sebi said in its circular. Availability and security will carry the highest weightage of 20 per cent each, followed by integrity, governance, reliability and monitoring, business continuity, and modularity and flexibility at 10 per cent each. Scalability and other aspects, including incident handling, will account for the remaining 5 per cent each. Sebi said MIIs will also develop an Early Warning System (EWS) to detect any deterioration in ITRI parameters that could potentially lead to performance issues, system slowness or other disruptions, and take remedial measures. MIIs have already implemented the beta version of the ITRI framework and will operationalise the framework, including the EWS and real-time monitoring of service delivery, by February 28, 2027. The first ITRI computation under the framework will cover the half-year ended March 31, 2027. MIIs will compute the index on a half-yearly basis within 60 days of the end of each half-year and submit a comparative analysis of two consecutive half-years, along with corrective actions taken or proposed, to their Standing Committee on Technology (SCOT) and governing boards. Sebi said the computation of ITRI will be system-driven to ensure that the process remains objective, non-discretionary and foolproof. In case any parameter cannot be computed automatically and requires manual intervention, the MII will undertake manual data retrieval only after discussing the exception with its SCOT. The Information Systems Framework (ISF) will formulate baseline parameters, acceptable threshold scores and Standard Operating Procedures (SOPs) for calculating the ITRI, along with an objective, system-driven scoring methodology to ensure comparability across MIIs. The framework is designed as a self-operating model under which MIIs will periodically compute the ITRI and provide their governing boards with an assessment of the overall health of IT systems and areas requiring improvement. Sebi said MIIs already continuously monitor the performance of processes and applications, as well as utilisation of system resources at the component level, to enable early detection of possible performance issues and system slowness. Under the framework, MIIs will also build systems providing continuous visibility into service delivery to market participants. These systems will include consolidated dashboards for monitoring system and application performance, service delivery and any deviations or anomalies. MIIs will further formulate SOPs to monitor system availability and continuity of service delivery to market participants and flag any disruption or deviation. The framework has been formulated to strengthen performance monitoring, ensure timely service delivery to market participants, identify emerging weaknesses in IT systems at an early stage and facilitate timely corrective action, Sebi said. In a separate circular, Sebi said it has aligned its Incident Reporting Portal with the "Format for Incident Reporting Exchange (FIRE)" framework developed by the Financial Stability Board (FSB) in order to streamline the reporting of cyber incidents. FIRE enables structured incident reporting by defining common information fields, standardised definitions, and consistent classification of incident attributes, promoting harmonisation across sectors or jurisdictions. "The portal will facilitate reporting of incidents in stages to reflect the incident life cycle from initial reporting to intermediate updates and final closure, while acknowledging that certain information may not be available at the time of initial reporting," Sebi said. The Securities and Exchange Board of India (Sebi) asked regulated entities (REs) to report cyber incidents through the Cyber Incident Reporting Portal of Sebi, which can be accessed by logging into https:iportal.sebi.gov.in. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 24 2026 | 8:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Even though the expense ratios of ETFs are far lower than those of index funds, advisors prefer index funds to ETFs This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Even though the expense ratios of ETFs are far lower than those of index funds, advisors prefer index funds to ETFs This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Even though the expense ratios of ETFs are far lower than those of index funds, advisors prefer index funds to ETFs This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 24 2026 | 7:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Centre has started moving bulk onion stocks through dedicated railway rakes the 'Kanda Express' from Nashik in Maharashtra to major consuming centres, as part of efforts to augment supplies and check the seasonal rise in prices, a Consumer Affairs Secretary Nidhi Khare said on Monday. Stocks currently being loaded onto these rakes are expected to reach the identified centres by Wednesday, she said. PRICES UP SHARPLY ------------------------- Data maintained by the ministry shows the all-India average retail price of onion rose 59 per cent year-on-year to Rs 43.53/kg on August 24, from Rs 27.37/kg a year ago. The average wholesale price was up 68 per cent at Rs 35.58/kg, against Rs 21.23/kg in the year-ago period. Among major cities, retail onion prices on Monday stood at Rs 60/kg in Chennai (Rs 33 a year ago), Rs 55/kg in Delhi (Rs 35) and Rs 53/kg in Kolkata. "Initially, the onion will be supplied to five major consumption centres, namely Chennai, Madurai, Delhi, Ernakulam and Guwahati, with additional destinations to be included subsequently based on emerging market requirements," Khare told PTI. The buffer stock of onions maintained at Nasik is being moved in bulk through rail rakes and the supplies will be offloaded in both wholesale and retail markets in these select consuming centres. Onion will be sold at Rs 35 per kg in the retail market through agencies NCCF and Nafed, she added. Khare said the government is keeping a close watch on prices to take further steps. "Mandi prices in Nasik are ruling higher than Delhi, which should be the case. It means cartelisation and speculation are at work," she noted. ONION BUFFER STOCK ------------------------- The onion buffer stock is the Centre's strategic reserve, built up primarily to cushion the market against price spikes when supplies tighten. It is procured mainly through agencies such as NAFED and the NCCF under the Price Stabilisation Fund, and released into the market in a calibrated manner during periods of seasonal shortage or sharp price escalation. Khare said the government has a buffer stock of 1.21 lakh tonnes of onion for the current year, sufficient to meet the demand. SUPPLY POSITION 'COMFORTABLE' -------------------------------------- Khare l said onion availability remains comfortable to meet domestic demand over the coming months, supported by estimated 2025-26 production of 307.37 lakh tonnes, 'broadly on a par with 307.67 lakh tonnes in the previous year. Buffer stocks are also available for calibrated intervention, she added. Khare said it continues to monitor prices, market arrivals and availability across states, and will undertake further interventions as required. She noted that stable production, buffer stock availability and proactive market interventions are together expected to moderate seasonal price pressures, even as the price-stabilisation approach seeks to balance consumer and farmer interests. SEASONAL VOLATILITY A RECURRING TREND ------------------------------------------------ Onion prices typically see a seasonal uptick from August-September, on account of festive demand, weather-related disruptions, supply-chain movements and shifting demand patterns. To counter this, the ministry undertakes calibrated release of buffer stocks "through bulk mandi releases and targeted retail sales in consumption centres", a strategy it said has been consistently followed in recent years. The timing, quantity and destination of releases are decided based on continuous monitoring of prices and market conditions across States. KANDA EXPRESS: FROM 14 RAKES TO 86 -------------------------------------------- The Kanda Express initiative 'aimed at enhancing logistical efficiency for large-scale onion movement ' was launched in 2024-25 and has since been scaled up considerably. In 2024-25, 14 railway rakes carrying nearly 12,000 tonnes of onion buffer stock were dispatched to five cities. In 2025-26, this has expanded to 86 rakes carrying about 88,000 tonnes of onions to 16 major cities across the country. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 24 2026 | 7:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The topline growth of Page Industries moderated to 8 per cent year-on-year (Y-o-Y) in the June quarter compared to 14 per cent in the March quarter This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The topline growth of Page Industries moderated to 8 per cent year-on-year (Y-o-Y) in the June quarter compared to 14 per cent in the March quarter This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 24 2026 | 6:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 24 2026 | 6:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 24 2026 | 6:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 108.02% to Rs 7384.89 crore First Published: Aug 24 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Previously, Vinay was associated with InterGlobe Hotels & Accor, during which time he led the transformation and repositioning of a 22-hotel portfolio, driving significant revenue growth, operational excellence, and leadership development. He also headed a portfolio of more than 25 hotels across India for SAMHI, with Marriott, Hyatt, and IHG as brand partners. Vinay has also held multiple General Manager roles across India and Australia with Hilton, Accor, and Mirvac, building deep expertise in luxury and upscale hotel operations while consistently improving asset performance, and had earlier held leadership roles in the UAE, the UK, and Australia. Vinay is an alumnus of IHM Pusa, the University of Central Lancashire, and Lancaster University. First Published: Aug 24 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee pared initial gains and settled for the day lower by 3 paise at 95.74 (provisional) against the US dollar on Monday, on a positive American currency and weak domestic markets. The USD/INR pair traded in a narrow range as rising Brent crude prices, persistent importer demand, and cautious sentiment over new US sanctions targeting Iran weighed on investor sentiment. Local shares ended slightly lower on Monday ahead of the announcement of fresh U.S. sanctions aimed at Iran. U.S. Treasury Secretary Scott Bessent will hold a press conference later today, where he is likely to announce tougher sanctions to economically isolate Iran. The BSE Sensex closed 171.72 points lower at 77,369.11, and the NSE Nifty ended 32.95 points down at 24,219.05. At the interbank foreign exchange, the rupee opened at 95.65, then touched an intraday high of 95.64 and a low of 95.75 and finally settled for the day at 95.74 (provisional) against the greenback, lower by 3 paise from its previous close. First Published: Aug 24 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The order adds to Pace Digitek's growing BESS business and strengthens near-term visibility for its manufacturing operations. The project will be supplied from the Company's BESS manufacturing platform, which has recently been expanded to 5 GWh of installed capacity. First Published: Aug 24 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brahmaputra Infrastructure has formally executed and signed the agreement for the contract valued at Rs 70.18 crore awarded by the Ministry of Road Transport & Highways (MoRT&H) for operation and maintenance of NH-502A corridor including monsoon maintenance in the State of Mizoram The NH-502A corridor runs through southern Mizoram, connecting the Myanmar border with Lawngtlai one of the most remote and strategically significant stretches in India's Northeast. Execution of this contract requires establishing local infrastructure including plant, machinery, manpower, camps and logistics in difficult terrain. This operational presence is expected to provide the Company with a durable competitive advantage and position it favourably for future infrastructure works being undertaken in the India-Myanmar border belt by the Border Roads Organisation (BRO), MoRT&H, PWD and other road agencies. First Published: Aug 24 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Caplin Point Laboratories fell 2.38% to Rs 2,497.25 after the company said that the USFDA conducted an unannounced inspection of its subsidiary Caplin Steriles' injectable and ophthalmic manufacturing facility at Gummidipoondi, Tamil Nadu. The company said that the observations were procedural in nature and did not pertain to data integrity. It also stated that none of the observations were repeat observations. Caplin Point Laboratories is a fully integrated pharmaceutical company with a strong presence in Latin America. The companys consolidated net profit jumped 18.79% YoY to Rs 176.91 crore in Q1 FY27. Net sales increased 19.63% to Rs 610.36 crore in Q1 FY27 from Rs 510.22 crore in Q1 FY26. First Published: Aug 24 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Power Company said that Tata Power Renewable Energy has commissioned its 190.5 MW solar FDRE project at Kalasar, Bikaner, Rajasthan, which is under the contractual capacity of 460 MW firm and dispatchable renewable energy (FDRE) project. The 190.5 MW project has been developed under SJVN FDRE Tranche-1. The project will supply energy to Haryana Power Purchase Centre (HPPC), Maharashtra State Electricity Distribution Company (MSEDCL) and Noida Power Company (NPCL) discoms. The project has successfully adopted several new technologies such as BESS, harmonic filter bank and static var generator systems. With this project, Tata Power Renewable Energy's total renewable utility capacity has reached 12.4 GW. Of this, around 6.9 GW is operational, including 5.6 GW of solar and 1.3 GW of wind capacity, while close to 5.5 GW is under various stages of implementation, are expected to be commissioned in phases over the next 24 months. Tata Power Renewable Energy (TPREL), one of India's leading renewable energy company and a subsidiary of The Tata Power Company. "The project marks another significant milestone in India's clean energy journey by integrating large-scale solar generation with advanced energy storage and grid support technologies to deliver reliable, dispatchable renewable power," Tata Power Company said in a statement. The Tata Power Company, a vertically integrated power company and part of the Tata Group, Indias largest multinational business conglomerate, has built a diversified portfolio across the entire power value chain, with its total operational and under-construction capacity surpassing 26 GW. The company's consolidated net profit rose 10.95% to Rs 1,175.93 crore on a 5.63% increase in revenue to Rs 19,051.26 crore in Q1 FY27 as compared with Q1 FY26. The scrip shed 0.41% to currently trade at Rs 373.30 on the BSE. First Published: Aug 24 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NMDC Ltd is quoting at Rs 85.91, up 1.54% on the day as on 12:49 IST on the NSE. The stock is up 21.55% in last one year as compared to a 3.13% slide in NIFTY and a 41.29% slide in the Nifty Metal index. NMDC Ltd is up for a third straight session today. The stock is quoting at Rs 85.91, up 1.54% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.28% on the day, quoting at 24185.1. The Sensex is at 77293.52, down 0.32%. NMDC Ltd has gained around 2.86% in last one month. Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has gained around 6.87% in last one month and is currently quoting at 13172.6, up 1.22% on the day. The volume in the stock stood at 142 lakh shares today, compared to the daily average of 184.81 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 86.19, up 2.05% on the day. NMDC Ltd is up 21.55% in last one year as compared to a 3.13% slide in NIFTY and a 41.29% slide in the Nifty Metal index. The PE of the stock is 9.94 based on TTM earnings ending June 26. First Published: Aug 24 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Zinc Ltd is quoting at Rs 609.6, up 2.47% on the day as on 12:49 IST on the NSE. The stock is up 40.23% in last one year as compared to a 3.13% drop in NIFTY and a 41.29% drop in the Nifty Metal index. Hindustan Zinc Ltd gained for a third straight session today. The stock is quoting at Rs 609.6, up 2.47% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.28% on the day, quoting at 24185.1. The Sensex is at 77293.52, down 0.32%. Hindustan Zinc Ltd has risen around 15.09% in last one month. Meanwhile, Nifty Metal index of which Hindustan Zinc Ltd is a constituent, has risen around 6.87% in last one month and is currently quoting at 13172.6, up 1.22% on the day. The volume in the stock stood at 53.43 lakh shares today, compared to the daily average of 54.5 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 611.4, up 2.47% on the day. Hindustan Zinc Ltd is up 40.23% in last one year as compared to a 3.13% drop in NIFTY and a 41.29% drop in the Nifty Metal index. The PE of the stock is 14.86 based on TTM earnings ending June 26. First Published: Aug 24 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Prime Focus Ltd is quoting at Rs 304.9, up 2.68% on the day as on 12:49 IST on the NSE. The stock is up 100.94% in last one year as compared to a 3.13% fall in NIFTY and a 0.75% fall in the Nifty Media index. Prime Focus Ltd is up for a third straight session in a row. The stock is quoting at Rs 304.9, up 2.68% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.28% on the day, quoting at 24185.1. The Sensex is at 77293.52, down 0.32%. Prime Focus Ltd has added around 5.96% in last one month. Meanwhile, Nifty Media index of which Prime Focus Ltd is a constituent, has added around 3.21% in last one month and is currently quoting at 1612.7, up 0.09% on the day. The volume in the stock stood at 7.66 lakh shares today, compared to the daily average of 10.42 lakh shares in last one month. The PE of the stock is 0 based on TTM earnings ending June 26. First Published: Aug 24 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Muthoot Finance Ltd is quoting at Rs 3184.5, up 5.38% on the day as on 12:49 IST on the NSE. The stock is up 18.22% in last one year as compared to a 3.13% slide in NIFTY and a 0.65% slide in the Nifty Financial Services index. Muthoot Finance Ltd is up for a third straight session today. The stock is quoting at Rs 3184.5, up 5.38% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.28% on the day, quoting at 24185.1. The Sensex is at 77293.52, down 0.32%. Muthoot Finance Ltd has gained around 5.24% in last one month. Meanwhile, Nifty Financial Services index of which Muthoot Finance Ltd is a constituent, has gained around 0.04% in last one month and is currently quoting at 26261, down 0.48% on the day. The volume in the stock stood at 22.75 lakh shares today, compared to the daily average of 13.57 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 3197, up 5.19% on the day. Muthoot Finance Ltd is up 18.22% in last one year as compared to a 3.13% slide in NIFTY and a 0.65% slide in the Nifty Financial Services index. The PE of the stock is 11.43 based on TTM earnings ending June 26. First Published: Aug 24 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nava Ltd is quoting at Rs 570.85, up 2.13% on the day as on 12:49 IST on the NSE. The stock is down 15.06% in last one year as compared to a 3.13% spurt in NIFTY and a 10.94% spurt in the Nifty Energy index. Nava Ltd is up for a third straight session in a row. The stock is quoting at Rs 570.85, up 2.13% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.28% on the day, quoting at 24185.1. The Sensex is at 77293.52, down 0.32%. Nava Ltd has risen around 1.1% in last one month. Meanwhile, Nifty Energy index of which Nava Ltd is a constituent, has risen around 1.45% in last one month and is currently quoting at 38252.2, up 0.04% on the day. The volume in the stock stood at 4.31 lakh shares today, compared to the daily average of 3.31 lakh shares in last one month. The PE of the stock is 22.64 based on TTM earnings ending June 26. First Published: Aug 24 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Petronet LNG Ltd is quoting at Rs 294.5, up 0.51% on the day as on 12:44 IST on the NSE. The stock is up 7.64% in last one year as compared to a 3.15% fall in NIFTY and a 10.95% fall in the Nifty Energy. Petronet LNG Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 294.5, up 0.51% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.3% on the day, quoting at 24180.1. The Sensex is at 77291.63, down 0.32%. Petronet LNG Ltd has added around 7.91% in last one month. Meanwhile, Nifty Energy index of which Petronet LNG Ltd is a constituent, has added around 1.44% in last one month and is currently quoting at 38252.2, up 0.05% on the day. The volume in the stock stood at 12.17 lakh shares today, compared to the daily average of 18.94 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 294.3, up 0.86% on the day. Petronet LNG Ltd is up 7.64% in last one year as compared to a 3.15% fall in NIFTY and a 10.95% fall in the Nifty Energy index. The PE of the stock is 10.63 based on TTM earnings ending June 26. First Published: Aug 24 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 24 2026 | 1:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Skyways Air Services IPO review: Can it add wings to your portfolio? First Published: Aug 24 2026 | 12:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Welspun Corp share price hit a fresh 52-week high of ?2,400 on the BSE. First Published: Aug 24 2026 | 12:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
LT Foods and KRBL rallied up to 13% in Monday's trade. First Published: Aug 24 2026 | 12:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 24 2026 | 12:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 24 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From MSEDCL Insolation Green Energy, a wholly owned subsidiary of Insolation Energy has received an letter of award for setting up 9 solar power projects from Maharashtra State Electricity Distribution Co. (MSEDCL) in different territory of state of Maharashtra aggregating total power generation capacity 99 MW AC (128.7 MW DC) under Mukhyamantri Saur Krushi Vahini Yojana - 2.0. Those orders are awarded under Tariff based Competitive Bid invited by (MSEDCL), for setting up of grid connecting solar power projects at multiple locations in state of Maharashtra. Following implementation, the combined SPV Solar Power Plants covered under these LOAs shall have a cumulative capacity of 99 MW AC (128.7 MW DC). Based on the finalized levelized tariff of Rs 2.90 per unit across all nine sites, the project is expected to generate an annual revenue of approximately Rs 59.72 crore. The project will also provide a sustainable and stable revenue stream throughout its operational life of 25 Years. First Published: Aug 24 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 24 2026 | 12:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Urban Company jumps 7% as Emkay sees strong growth potential ahead First Published: Aug 24 2026 | 12:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rajesh Palviya, Head of Research, Axis Direct First Published: Aug 24 2026 | 12:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The dollar index is hanging on to losses at around a three month low on Monday morning in Asia amid reduced bets for an immediate interest rate hike by the US Federal Reserve (Fed) and softer US Treasury bond yields, which, in turn, lend support to the non-yielding bullion. The US Department of the Treasury said last Wednesday that it would at least double buyback operations for long-dated government debt starting in September. Meanwhile, investors continued to monitor tensions in the Middle East, with the US expected to announce new sanctions against Tehran. This could trigger further disruptions in oil movement and push energy prices higher. Markets will now focus on July PCE inflation data and Fed Chair Warshs Jackson Hole speech for further clues on the US rate outlook. The dollar index that measures the greenback against a basket of currencies is quoting at 98.78. Among basket currencies, EUR/USD and GBP/USD eased slightly and are trading around $1.1688 and $1.3642 respectively. First Published: Aug 24 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At the upper price band, the post-issue implied market capitalisation of the company is estimated at around ?360 crore Priority Jewels Ltd is gearing up to launch its Initial Public Offering (IPO) on August 28, with a price band of ?190-200 per share. The three-day public issue will close on September 1, while bidding by anchor investors will take place on August 27, according to an announcement by the company. The IPO comprises a fresh issue of up to 4.575 million equity shares, aggregating to ?86.93 crore at the lower end and ?91.50 crore at the upper end of the price band. At the upper price band, the post-issue implied market capitalisation of the company is estimated at around ?360 crore. Proceeds from the public issue will be used for debt payment and general corporate purposes. Incorporated in 2007, Priority Jewels is involved in the designing, manufacturing and sale of a variety of lightweight, diamond-studded gold and platinum jewellery. Qualified institutional buyers (QIBs) have been allocated 50 per cent of the offer, while 15 per cent has been reserved for Non-Institutional Investors (NIIs) and 35 per cent for retail investors. The shares are proposed to be listed on both BSE and NSE on September 4. Mefcom Capital Markets is the book-running lead manager to the issue, while MUFG Intime India is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 24 2026 | 11:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sugar stocks rallied up to 12% in Monday's intra-day deals. First Published: Aug 24 2026 | 11:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture Tata Group-owned Indian Hotels Company Ltd (IHCL) on Monday said Oriental Hotels Ltd will be merged with IHCL through an all-stock transaction. The Boards of Oriental Hotels and IHCL have approved a Scheme of Arrangement to this effect. The Scheme of Arrangement proposes a share swap ratio of 25 IHCL shares for every 117 OHL shares, and aims to complete the transaction in the second half of FY2028. "In line with our Accelerate 2030 strategy of creating value, simplifying the group's holding structure and unlocking the full potential of OHL portfolio including iconic assets like Taj Coromandel, Chennai, Taj Fisherman's Cove Resort & Spa, Chennai and Taj Malabar Resort & Spa, Cochin, the Boards of IHCL and OHL have today approved this merger," Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL said. Oriental Hotels is an associate company of IHCL. The company has a portfolio of seven hotels with 825 rooms. This includes freehold assets: Taj Coromandel - Chennai, Taj Fisherman's Cove Resort & Spa - Chennai and Gateway Coonoor, and long-tenure leasehold assets: Taj Malabar Resort & Spa - Cochin, Vivanta Coimbatore, Vivanta Mangalore and Gateway Madurai. Additionally, OHL has strategic investments in several IHCL group hotel companies in India and internationally, including St. James Court, TAL Hotels and Resorts Ltd, Lanka Island Resorts Ltd, Taj Madurai Ltd and Taj Karnataka Hotels and Resorts Ltd. "The Scheme of Arrangement proposes a share exchange ratio of 25 IHCL shares for every 117 OHL shares and is an all-stock transaction, with completion targeted in the second half of FY2028 and Appointed Date of April 1, 2027," Ankur Dalwani, Executive Vice President & Chief Financial Officer, IHCL said. The Scheme is subject to statutory approvals and clearances. "The merger will further simplify the group's holding structure by increasing IHCL's direct ownership across several entities, resulting in two new operating subsidiaries. This will streamline governance, optimise overheads, enhance operational efficiency, and support our Accelerate 2030 objectives," Dalwani said. Pramod Ranjan, Managing Director & CEO, Oriental Hotels Ltd, said the merger of OHL with IHCL will create significant value for OHL shareholders, enabling them to now participate directly in IHCL's growth journey. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 24 2026 | 11:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank on Saturday said its concessional swap facility, introduced to encourage foreign currency inflows, has attracted USD 72.848 billion till August 21. Of the total inflows, the Foreign Currency Non-Resident (Bank) or FCNR (B) deposits accounted for USD 65.397 billion, while Overseas Foreign Currency Borrowings (OFCBs) contributed USD 4.86 billion and External Commercial Borrowings (ECBs) amounted to USD 2.591 billion. Last week, the Reserve Bank advanced the closure of the FCNR(B) swap window by a month to August 31. Earlier, the cut-off date was September 30. First Published: Aug 24 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US stocks gained on Friday, finishing the week on an upbeat note that saw the Nasdaq 100 end a five-day losing streak as data revealed upbeat business activity. Dow Jones Industrial Average rising 0.98% to 53,277.01; the S&P 500 gaining 0.43% to 7,674.37; and the Nasdaq Composite adding 0.44% to 26,180.455. In a critical economic update, the US composite PMI for August rose to 56.0, marking a four-year high, as strong expansion in the services sector eased market concerns about an economic slowdown. However, on a weekly basis, the S&P 500 and Nasdaq posted their first weekly losses in four weeks, while the Dow fell for a second consecutive week. First Published: Aug 24 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kellton Tech Solutions added 3.38% to Rs 14.06 after the company said that it has been selected by a leading U.S. healthcare administration and claims management company to design and build an AI-driven enterprise claims management platform. The engagement will bring healthcare, dental and workers compensation claims onto a unified digital architecture, replacing fragmented systems across the claims lifecycle, from digital submission and verification to review, workflow management and settlement. The platform will also integrate with provider networks, policy administration systems, billing and payment services, enabling greater process visibility and scope for intelligent automation. Designed to serve as a central hub within the clients broader operating ecosystem, the platform will integrate with provider networks, policy administration systems, and billing and payment services, enabling information to flow reliably among the stakeholders involved in claims processing. By consolidating fragmented claims systems, data, and workflows into a unified architecture, the engagement is designed to improve operational visibility, reduce administrative complexity, accelerate claims processing, and establish a scalable foundation for AI-powered automation and intelligence across claims operations. Built for a regulated healthcare environment, the platform will combine enterprise engineering and complex systems integration with the accuracy, auditability, data integrity, and reliability required for mission critical operations. Karanjit Singh, CEO APAC, Kellton, said: The healthcare industry is at an important inflection point, where the opportunity presented by AI must be matched by the ability to modernize the complex data, systems, and workflows that underpin critical operations. Claims management is a strong example of this complexity, requiring multiple stakeholders, regulated data, and interconnected processes to work seamlessly together. This engagement reflects our ability to bring that complexity onto an integrated, scalable foundation and create the architecture required for AI-driven operations." Kellton is an AI-led digital transformation and technology consulting company with global delivery capabilities. The company partners with enterprises to build scalable digital platforms, modernize operations, and accelerate intelligent automation journeys. The company had reported 1.46% rise in consolidated net profit to Rs 22.32 crore despite a 6.82% rise in revenue to Rs 315.62 crore in Q1 FY27 as compared with Q1 FY26. First Published: Aug 24 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lenskart Solutions Ltd recorded volume of 451.5 lakh shares by 10:45 IST on BSE, a 22.82 times surge over two-week average daily volume of 19.79 lakh shares L T Foods Ltd, Jubilant Pharmova Ltd, Vishal Mega Mart Ltd, Hexaware Technologies Ltd are among the other stocks to see a surge in volumes on BSE today, 24 August 2026. Lenskart Solutions Ltd recorded volume of 451.5 lakh shares by 10:45 IST on BSE, a 22.82 times surge over two-week average daily volume of 19.79 lakh shares. The stock lost 0.59% to Rs.657.65. Volumes stood at 4.03 lakh shares in the last session. L T Foods Ltd saw volume of 2.65 lakh shares by 10:45 IST on BSE, a 7.36 fold spurt over two-week average daily volume of 36025 shares. The stock increased 10.10% to Rs.470.40. Volumes stood at 27636 shares in the last session. Jubilant Pharmova Ltd witnessed volume of 1.45 lakh shares by 10:45 IST on BSE, a 7.23 times surge over two-week average daily volume of 20007 shares. The stock increased 2.17% to Rs.898.25. Volumes stood at 11654 shares in the last session. Vishal Mega Mart Ltd clocked volume of 119.18 lakh shares by 10:45 IST on BSE, a 5.7 times surge over two-week average daily volume of 20.93 lakh shares. The stock gained 9.60% to Rs.113.55. Volumes stood at 61.05 lakh shares in the last session. Hexaware Technologies Ltd recorded volume of 83433 shares by 10:45 IST on BSE, a 5.32 times surge over two-week average daily volume of 15669 shares. The stock gained 4.27% to Rs.555.85. Volumes stood at 15568 shares in the last session. First Published: Aug 24 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The IPO comprises a fresh issue of up to 5.23 million equity shares worth ?125 crore at the upper end of the price band Rays of Belief Ltd, which operates under the Mom's Belief brand, is set to launch its Initial Public Offering (IPO) on September 1, with a price band of ?227-239 per share. The post-issue implied market capitalisation of the company is estimated at ?474-500 crore, based on the price band. The three-day public issue will close on September 3, while bidding by anchor investors will take place on August 31, according to the company's announcement on Monday. The IPO comprises a fresh issue of up to 5.23 million equity shares worth ?125 crore at the upper end of the price band. The issue proceeds will be used to fund the company's expansion plans, including setting up 319 new centres between fiscal 2027 and fiscal 2029. Also, funds will be allocated towards capital expenditure, including centre fit-outs, therapy-material inventory and technology hardware. Rays of Belief is a for-profit social enterprise providing personalised intervention plans for children with neurodevelopmental disorders (NDDs), including autism spectrum disorder, ADHD, Down Syndrome, cerebral palsy, intellectual disability, learning disabilities and global developmental delays. As of March 31, 2026, the company operated 136 centres across 57 cities in 20 states and union territories and had served more than 58,000 children since commencing operations in 2018. The company's consolidated revenue from operations more than doubled to ?81.66 crore in fiscal 2026 from ?36.42 crore in the previous fiscal. Profit for the year stood at ?4.96 crore in fiscal 2026, compared with ?5.88 crore in the preceding fiscal. The equity shares are proposed to be listed on the BSE and NSE on or about September 8. Mefcom Capital Markets is the book-running lead manager to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 24 2026 | 11:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee traded in a narrow range against the American currency in early trade on Monday, supported by a softer US dollar, but simmering geopolitical tensions kept it from making strong gains. INR opened at Rs 95.68 per dollar and hit a high of 95.64 so far during the day. On Friday, the counter ended at 95.71. The Dollar Index has weakened, but elevated Brent crude and persistent importer demand limited the rupee's gains. Moreover, investors are treading a cautious path as Washington is set to unveil a fresh wave of sanctions on Iran, targeting its oil trade, banking network and shipping routes. Meanwhile, local shares were slightly higher in early trade on Monday despite mixed cues from global markets ahead of the announcement of fresh U.S. sanctions aimed at Iran. The benchmark 30-share BSE Sensex was up 103 points, or 0.1 percent, at 77,644 in early trade while the NSE Nifty index edged up by 28 points, or 0.1 percent, to 24,279. First Published: Aug 24 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Monarch Surveyors and Engineering Consultants added 1.83% to Rs 224.95 after the company announced that it has received a work order worth Rs 1.68 crore from Fursungi-Uruli Devachi Nagar Parishad. The work is subject to necessary approvals from the concerned government authorities. As per the letter of acceptance, the work will commence immediately and is expected to be completed within the timeline specified under the contract. The company clarified that the transaction does not constitute a related-party transaction and that neither the promoters nor the promoter group companies have any interest in the work contract. The official announcement was made on Saturday, 22 August 2026, on the BSE. Monarch Surveyors and Engineering Consultants provides end-to-end consultancy services for infrastructure projects, including survey, design and technical supervision for roads, railways, metros, town planning, geospatial mapping, land acquisition, water, transmission lines, pipelines and other civil engineering sectors. The company reported a 6.9% rise in standalone net profit to Rs 37.23 crore on a 11.4% increase in revenue to Rs 171.69 crore in FY26 compared with FY25. First Published: Aug 24 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Power Grid Corporation of India has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System for the project namely Transmission system for Integration of Power from RE Projects in Jam Khambhaliya REZ in Gujarat - Phase II (5500MW) and Jamnagar Phase-I (1000 MW) on Build, Own, Operate and Transfer (BOOT) basis, at a discovered tariff of Rs. 822.91 crore per annum. The Letter of Intent (LoI) has been received by POWERGRID on 21 August 2026. The project involves the establishment of a new GIS substation at Kalyanpur (Gujarat) along with ICT augmentation and bay extension works at under-construction substations in the state of Gujarat and the construction of a 765 kV transmission lines traversing the state of Gujarat. First Published: Aug 24 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Horizon Industrial Parks were currently trading at Rs 58.73 at 10:11 IST on the BSE, representing a discount of 2.12% as compared with the issue price of Rs 60. So far, the stock has hit a high of Rs 60 and a low of Rs 57.41. On the BSE, over 19.91 lakh shares of the company were traded in the counter so far. Horizon Industrial Parks (HIPL) received bids for 36.37 crore shares as against 25.13 crore shares on offer. The issue was subscribed 1.45 times. The issue opened for bidding on 17 August 2026 and closed on 19 August 2026. The price band of the IPO was fixed between Rs 57 and 60 per share. The issue comprised only issue of fresh shares of Rs 10 face value aggregating to Rs 2,600 crore. Of the net proceeds from fresh issue, the company intends to use Rs 2,250 crore towards re/pre-payment (in full or part) of certain borrowings availed by the company as well as certain of its wholly owned subsidiaries and balance towards general corporate purposes. Ahead of the IPO, Horizon Industrial Parks on Friday, 14 August 2026, raised Rs 1,167.75 crore from anchor investors. The board allotted 19.46 crore shares at Rs 60 each to 54 anchor investors. Horizon Industrial Parks (HIPL) offers clients Grade A quality fulfillment centers (warehouses), industrial facilities, and in-city centers across the countrys major industrial and consumption hubs. HIPL is the only scaled pure-play industrial and logistics platform offering comprehensive solutions to customers, combining real estate, infrastructure and operational services under one roof. The total network of 58.58 million sq ft comprises 51.67 million sq ft of industrial & logistics parks and 17 in-city centres with an area of 6.91 million sq ft spread across seven cities/metropolitan areas. The firm reported a consolidated net loss of Rs 197.64 crore and sales of Rs 691.38 crore for the twelve months ended on 31 March 2026. First Published: Aug 24 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
B.R. Goyal Infrastructure has received a Rs 151.06 crore letter of award from NHAI for operating as the user-fee collection agency at Jajau Fee Plaza, located on the Agra-Gwalior section of NH-3 in Madhya Pradesh. The one-year mandate, awarded by the National Highways Authority of India (NHAI), covers collection of user fees through e-tendering, along with the upkeep and maintenance of adjacent toilet blocks, including replenishment of consumables. B.R. Goyal Infrastructure is engaged in constructing infrastructure projects such as roads, highways, bridges, and buildings. On a full-year basis, the company's consolidated net profit increased 15.1% to Rs 25.18 crore on a 13.4% drop in net sales to Rs 509.80 crore in FY25 over FY24. The scrip fell 3.23% to currently trade at Rs 191.60 on the BSE. First Published: Aug 24 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TVS Supply Chain Solutions rose 3.62% to Rs 125.85 after the company announced that it has signed a strategic pact with Japan's Sankyu Inc. to collaborate across supply chain and engineering services. Sankyu intends to acquire a 0.5% equity stake in TVS Supply Chain Solutions, subject to customary regulatory approvals. The companies also plan to establish a joint steering committee to identify growth opportunities, oversee strategic initiatives and develop integrated solutions. The partnership is expected to expand over time into markets across Asia, the Middle East and Africa, as well as other global markets where both companies have an established presence. TVS Supply Chain Solutions operates in 26 countries with more than 16,500 employees and serves customers across sectors including automotive, industrial, consumer, technology and technology infrastructure, rail and utilities, and healthcare. On a consolidated basis, TVS Supply Chain Solutions' net profit declined 70.37% to Rs 20.85 crore while net sales rose 28.66% to Rs 3335.22 crore in Q1 June 2026 over Q1 June 2025. First Published: Aug 24 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Lalithaa Jewellery Mart were currently trading at Rs 266.50 at 10:11 IST on the BSE, representing a premium of 32.59% as compared with the issue price of Rs 201. So far, the stock has hit a high of Rs 274.30 and a low of Rs 261. On the BSE, over 52.98 lakh shares of the company were traded in the counter so far. Lalithaa Jewellery Mart received bids for 3,95,22,17,604 shares as against 6,27,61,403 shares on offer. The issue was subscribed 62.97 times. The issue opened for bidding on 17 August 2026 and closed on 19 August 2026. The price band of the IPO was fixed between Rs 190 and 201 per share. The IPO comprised a fresh issue of equity shares worth up to Rs 1,200 crore and an offer for sale aggregating up to Rs 500 crore by M. Kiran Kumar Jain. The objectives of the fresh issue include Rs 34.5 crore for capital expenditure towards fit-outs, including furniture and fixtures, equipment, IT hardware and software, Rs 998.6 crore for inventory costs for setting up new stores, and the remaining amount for general corporate purposes. Ahead of the IPO, Lalithaa Jewellery on Friday , 14 August 2026, raised Rs 508.19 crore from anchor investors. The board allotted 2.52 crore shares at Rs 201 each to 22 anchor investors. Lalithaa Jewellery Mart is a jewellery retailer operating under the brand name, Lalithaa, offering a diverse range of gold jewellery, silver jewellery, and diamond jewellery across styles, designed to cater to regional preferences of the southern Indian jewellery markets. Gold jewellery remains the companys key revenue driver, contributing 92.33% of revenue in FY26, followed by silver jewellery and articles at 6.63%, while other products contributed the remaining 1.04%. The company operates some of the largest jewellery stores in India, including a 1 lakh sq. ft. store in Vijayawada, along with large-format stores in Somajiguda and Visakhapatnam. Of its 61 stores, 51 stores had an area of more than 5,000 sq. ft., including 39 stores in Tier II and Tier III cities. As of March 31, 2026, it operated 61 stores across 51 cities in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and Puducherry, covering a total operational area of 6.5 lakh sq. ft. The firm reported a consolidated net profit of Rs 1,009.82 crore and sales of Rs 25,023.93 crore for the twelve months ended on 31 March 2026. First Published: Aug 24 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Netweb Technoligies share price rallied 4% in Monday's trade. First Published: Aug 24 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FIFA president Gianni Infantino and UEFA president Aleksander Ceferin (L-R) (PIC: Reuters) UEFA President Aleksander Ceferin says he won't run against FIFA President Gianni Infantino but warned the beleaguered head of world soccer that he must either quit or face a leadership challenge in March. Infantino has come under increasing pressure to step down over his plan, now aborted, to sell stakes in soccer's biggest tournament, the World Cup, to private equity investors. Three of the sport's continental confederations accused him of "deception" and European soccer body UEFA threatened a boycott of FIFA competitions. "One option is that he realizes that he doesn't have the support, and that's not only a political support of the ones who vote, but the political support of football community, the political support of fans, the political support of the players, former players, coaches," Ceferin said in an interview with "The Rest is Politics: Leading" British podcast which is set to be broadcast Monday. "And the second option is that he goes to the elections in March, but in that case, I think he will have a candidate against him. I don't know yet who." Ceferin's comments were in excerpts from the podcast that were published Sunday in the British media. November deadline Infantino has been FIFA president since 2016 and, until the backlash over his proposals, seemed sure to be reelected unopposed next year in Morocco. FIFA has set a Nov. 18 deadline for challengers to nominate. Despite being widely seen as a potential challenger to Infantino, the 58-year-old Ceferin expressed his commitment to UEFA. Ceferin told the podcast: "I'm not interested because of two reasons. One reason is that I love UEFA and I love working here, and I think that at a certain point it's time to also enjoy life a bit. "And the second point is, my credibility is much, much higher if I'm not interested in the position. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 24 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
L&T Energy Hydrocarbon Onshore (LTEH Onshore) has signed the contract for undertaking a gas compression facilities project for a prestigious client in the Middle East against a letter of award issued in FY26. According to the company's project classification, the value of the order ranges above Rs 15,000 crore. The project involves the engineering, procurement and construction (EPC) of gas compression plants, comprising gas inlet facilities, gas compression systems, condensate and produced water handling systems, propane refrigeration systems and all associated utilities. The facilities will be developed for new onshore installations to process sour gas in compliance with applicable client standards, codes and project requirements. To meet the power requirements of the gas compression plants, L&T's Power Transmission & Distribution business will execute two 230 kV extra-high-voltage substations. First Published: Aug 24 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oriental Hotels rose 2.56% to Rs 142.10 after its board approved a scheme of arrangement for the amalgamation of the company with The Indian Hotels Company (IHCL). Oriental Hotels is an associate company of IHCL and operates seven hotels with 825 rooms. Its portfolio includes Taj Coromandel in Chennai, Taj Fishermans Cove Resort & Spa in Chennai, Taj Malabar Resort & Spa in Cochin, Vivanta Coimbatore, Vivanta Mangalore, Gateway Madurai and Gateway Coonoor. The companies said the merger is intended to simplify the group's holding structure, create operational and cost synergies, improve resource utilisation and provide Oriental Hotels' public shareholders with an opportunity to participate directly in IHCL's consolidated hospitality business. IHCL is Indias largest hospitality company by market capitalisation, with a portfolio of 650 hotels, including 268 in the pipeline, across 4 continents, 15 countries and more than 300 locations. Its brands include Taj, Claridges Collection, Brij, Atmantan, SeleQtions, Gateway, Vivanta, Tree of Life and Ginger. Founded by Jamsetji Tata, IHCL opened its first hotel, The Taj Mahal Palace in Bombay, in 1903. On a consolidated basis, Oriental Hotels' net profit declined 20.06% to Rs 5.30 crore while net sales rose 3.56% to Rs 111.48 crore in Q1 June 2026 over Q1 June 2025. First Published: Aug 24 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Horizon Industrial Parks shares list near IPO price in muted debut on D-St First Published: Aug 24 2026 | 10:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Symbiotec IPO draws positive brokerage views on strong API portfolio growth First Published: Aug 24 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Blue Cloud Softech Solutions announced that it has commenced the delivery of services under its Master Services Agreement (MSA) with SpaceX International, MY, with execution under Statement of Work No. 1 beginning 24 August 2026. Statement of Work No. 1 has an aggregate contract value of USD 150 million and covers AI Infrastructure (USD 70 million), Cybersecurity (USD 25 million), Telecommunications (USD 25 million) and Data Centre Solutions (USD 30 million). Delivery and billing are expected to commence from the current quarter in accordance with the agreed execution schedule. The engagement will be executed through Blue Cloud's US operations, drawing on the group's delivery capabilities across artificial intelligence platforms, cyber defense, telecom engineering, and data centre build-out and operations. First Published: Aug 24 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Hotels Company (IHCL/ transferee company) approved the Scheme of Arrangement between Oriental Hotels (OHL/ transferor company'), the company and their respective shareholders, under the provisions of Sections 230 to 232 of the Companies Act, 2013 and other applicable regulatory requirements, for the amalgamation of OHL into and with the company. The transferor company is an associate company of the transferee company. As on June 30, 2026, 37.05% of the equity share capital of the transferor company is held by the transferee company (both directly and indirectly through its subsidiaries). First Published: Aug 24 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 24 2026 | 9:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 24 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JTL Industries announced that its subsidiary, JTL Engineering, will undertake a capital expenditure of approximately Rs. 15 crore to expand its narrow-width HR coil manufacturing capacity. The planned expansion will double JTL Engineering's HR coil manufacturing capacity from the current 5,000 MT per month to 10,000 MT per month. The expanded facility is expected to be commissioned in Q4 FY27. With the proposed expansion, JTL Engineering will enhance its capability to manufacture wider narrow-width HR coils. The maximum coil width will increase from the current 9 inches (228.6 mm) to 11 inches (279.4 mm). The increased width capability will broaden the range of narrow-width HR coils that can be manufactured by the company, enabling JTL Engineering to address a wider set of product specifications and customer requirements. First Published: Aug 24 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Steel Authority of India (SAIL) barred from fresh F&O positions on 24 August 2026. New Listings: Horizon Industrial Parks will list on the bourses. The IPO was subscribed 1.52 times, receiving bids for 36.37 crore shares against 25.13 crore shares on offer. Lalithaa Jewellery Mart will also list on the stock exchanges. The IPO was subscribed 62.97 times, with the offer receiving bids for 395.22 crore shares against 6.27 crore shares on offer. Stocks To Watch: Caplin Point Laboratories announced that the US Food and Drug Administration (USFDA) conducted an unannounced inspection of its subsidiary Caplin Steriles injectable and ophthalmic manufacturing facility in Gummidipoondi, Tamil Nadu. Federal Bank announced that its board has approved a proposal to raise up to $ 500 million through the issuance of foreign currency-denominated bonds via its IFSC Banking Unit (IBU) at GIFT City. Manipal Health Enterprises reported a 7.48% decline in consolidated net profit to Rs 231.65 crore in Q1 FY27 from Rs 250.37 crore in Q1 FY26, despite strong growth in revenue and operating performance. Revenue from operations increased 38.12% year-on-year to Rs 3,090.63 crore during the quarter. B.R.Goyal Infrastructure announced that it has received a work order worth Rs 151.06 crore from the National Highways Authority of India (NHAI) for engagement of a user fee agency through e-Tender at Jajau Fee Plaza in Madhya Pradesh. NATCO Pharma said that the U.S. Food and Drug Administration (US FDA) has issued a Form 483 with four observations post an inspection to the company's manufacturing plant at Visakhapatnam. Mamata Machinery said that the company has been granted a patent in India for the technology used in its Quadra 600 machine. First Published: Aug 24 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty September 2026 futures were up 75 points, indicating a positive start for the Nifty 50. The prospect of an imminent India-US trade deal supported sentiment, after US Ambassador to India Sergio Gor said the deal is "almost" finalised in principle, with only legal and technical details left to be resolved. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 542.71 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,124.14 crore in the Indian equity market on 21 August 2026, according to provisional data. FPIs bought shares worth Rs 14117.65 crore in August so far, through 21 August 2026. This follows net cash purchases of Rs 6,731.97 crore in July 2026, while they were net sellers of Rs 53,957.90 crore in June 2026. Global Markets: Asian stocks were largely subdued on Monday, as rising government bond yields around the world continued to weigh on risk appetite. Bond yields in Japan, France and Germany have climbed to multiyear highs, while U.S. long-term yields have also remained elevated. Investors remained concerned that the U.S.-Iran conflict could drag on, keeping oil prices elevated and adding to inflationary pressures. President Donald Trump has threatened to impose penalties on countries that continue to trade with Iran, while Treasury Secretary Scott Bessent has warned of secondary sanctions. Iran has rejected the threats, and Washington is expected to announce additional sanctions on Monday. Treasury Secretary Scott Bessent's decision to at least double the size of planned buybacks of longer-dated government debt to $4 billion per operation from $2 billion initially offered relief to the bond market. However, the gains quickly faded, with Treasury yields rebounding as investors remained concerned about inflation, government borrowing and the broader fiscal outlook. U.S. stocks found firmer footing on Friday after data showed continued economic resilience and a sharp acceleration in services-sector activity. The Dow Jones Industrial Average rose 0.98%, while the S&P 500 gained 0.43% and the Nasdaq Composite advanced 0.44%. S&P Global's flash PMI showed U.S. services activity accelerated sharply in August, with the Services PMI rising to 56.8 from 54.6 in July. In individual stocks, Ross Stores rose 4.4% after the discount retailer raised its full-year earnings guidance following better-than-expected quarterly results. In the week ahead, investors will focus on quarterly results from AI chipmaker Nvidia, along with earnings from software companies including Intuit, Salesforce and CrowdStrike. Markets will also be watching whether Nvidia's results and outlook can sustain investor enthusiasm around artificial intelligence. The U.S. economic calendar includes the July Personal Consumption Expenditures price index, the Federal Reserve's preferred inflation gauge, due on Wednesday, 26 August. Markets will also turn to the Federal Reserve's Jackson Hole symposium from 27-29 August, where Fed Chair Kevin Warsh is scheduled to speak on Friday. Investors will look for clues on the outlook for interest rates, particularly after stronger-than-expected August services activity reinforced concerns about inflationary pressures. Domestic Market: The domestic equity benchmarks ended almost flat on Friday as persistent geopolitical tensions surrounding Iran and elevated crude oil prices kept investors cautious. Brent crude hovered around $94 a barrel, while rising bond yields in developed markets continued to weigh on risk appetite and the appeal of emerging-market equities. Selective buying in heavyweight stocks helped limit the downside, with the Nifty settling above 24,250, supported by gains in metals and private bank shares. FMCG and auto stocks, however, remained under pressure. Technically, the Nifty is likely to find support in the 24,100-24,000 zone, while the 24,300-24,400 region remains the immediate resistance band. The S&P BSE Sensex ended flat at 77,540.83, up 3.11 points or 0.00%. The Nifty 50 index rose 20.15 points or 0.08% to 24,252. First Published: Aug 24 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 15.30% to Rs 383.20 crore First Published: Aug 24 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 984.21% to Rs 120.13 crore First Published: Aug 24 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sandur Manganese & Iron Ore announced that it has incorporated Royal Sandur Hospitality as a wholly owned subsidiary in India, marking the company's entry into the hospitality sector. Sandur Manganese & Iron Ore holds 100% of the equity share capital of the subsidiary. The company has subscribed to 10 lakh equity shares of Royal Sandur Hospitality with a face value of Rs 10 each, aggregating to an investment of Rs 1 crore. Sandur Manganese & Iron Ores is the flagship company of the Karnataka-based Sandur Group. It is involved in the mining of low-phosphorous manganese and iron ore in the Hosapete-Ballari region of Karnataka. The company reported a 36.28% jump in consolidated net profit to Rs 227.09 crore on 21.09% increase in net sales to Rs 1,374.78 crore in Q1 FY27 over Q1 FY26. Shares of Sandur Manganese & Iron Ore rose 0.96% to close at Rs 198.95 on the BSE. First Published: Aug 24 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Forget the neighbourhoods: These 10 Mumbai buildings are where the money went First Published: Aug 24 2026 | 8:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Prestige and PB Fintech among top picks by Choice Borking First Published: Aug 24 2026 | 8:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch today: ZEEL, Vodafone Idea, Jubilant Pharmova, Power Grid First Published: Aug 24 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to open higher on Monday. Asia markets were trading on a mixed with artificial intelligence stocks in focus. First Published: Aug 24 2026 | 8:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 24 2026 | 7:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 24 2026 | 7:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy today: Two breakout ideas from Angel One First Published: Aug 24 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Share markets were flat in Asia on Monday and oil prices eased as investors awaited details of threatened US sanctions on Iran due later in the session, while the Canadian dollar dipped as a trade war loomed with its southern neighbour. The entire tech sector is holding its breath for Nvidia's results on Wednesday; investors are aware how hard it will be for the chip maker to meet stratospheric expectations. Analysts are generally looking for quarterly revenue to almost double to around $92 billion, ?with full-year earnings guidance seen in a range of $103 billion to $105 billion. Market participants will also be hoping for some clarity on the outlook for US interest rates when Federal Reserve Chairman Kevin Warsh speaks in Jackson Hole, Wyoming, on Friday, though his well-known aversion to forward guidance could lead to disappointment. "There are several reasons to expect to be underwhelmed," said Bruce Kasman, chief economist at JPMorgan, noting that past chairs have not wanted to front-run Fed decisions at the event. "Warsh will rather likely focus on aspects of his 'regime change' agenda," Kasman added. "As the Fed has already been moving toward shrinking the balance sheet, and the committee gave the balance sheet some attention in the July minutes, that might be the most likely topic for him to expound upon." Markets imply around a 40 per cent chance that the Fed will raise interest rates when it meets on September 16 and are fully priced for a move by December. The odds could change depending on what US inflation figures show this week, with median forecasts for core inflation expected ?to hold at 3.3 per cent in July. Warsh is sure to face questions about Treasury Secretary Scott Bessent's surprise announcement last week of at least a doubling in bond buybacks, aimed at restraining a rise in yields that was tightening financial conditions in the economy. His efforts have had little success so far, with 30-year yields back up at 5.2760 per cent, not far from the recent 19-year peak of 5.3371 per cent. Higher yields make debt more attractive compared to equities while lifting the discount applied to future earnings, highlighting the stretched nature of some valuations. Bessent is due to hold a news conference later on Monday to outline sanctions on Iran, which has shown no sign of relinquishing its control over the vital Strait of Hormuz. Brent slipped 1.0 per cent to $93.43 ahead of the announcement, though that followed gains of 6.6 per cent last week. US crude eased 1.1 per cent to $86.14 a barrel. Equity markets were quiet in early trade, with the Nikkei near flat after having ?fallen almost 4 per cent last week. South Korean shares eased 0.8 per cent, while Taiwan dipped 0.5 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.2 per cent. In Europe, EURO STOXX 50 futures, DAX futures and FTSE futures were all little changed. On Wall Street, S&P 500 futures and Nasdaq futures were a fraction lower. In currency markets, the ?dollar added 0.1 per cent against its Canadian counterpart to 1.3784 after Prime Minister Mark Carney said his country would respond to US tariffs with levies of its own ?as trade talks broke down. Canada will impose tariffs on US steel, dairy, appliances, agricultural equipment, pulp and paper and electronics, along with some products that the US previously targeted in Canada. The dollar was on the defensive elsewhere after having lost 0.8 per cent last week against a basket of currencies at ?96.832. The euro held at $1.1675 after rising 0.9 per cent last week, while the dollar was flat at 159.00 yen. The dollar has been undermined as investors fret that growing US debt and policy uncertainties will erode the purchasing power of the currency, driving demand for scarcer assets including gold. The yellow metal firmed ?0.4 per cent to $4,623 an ounce, having climbed more than 14 per cent for the month so far. If it holds this gain for all of August, it would be the biggest monthly rise on record. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 24 2026 | 7:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Both contracts posted their second weekly gains last week, up more than 5%, as peace talks between the US and Iran hit a stalemate Oil prices slipped more than $1 a barrel on Monday as investors took profits ahead of an expected announcement from Washington about imposing more sanctions on Iran that may further disrupt supplies from the West Asia. Brent crude futures fell $1.22, or 1.29 per cent, ?to $93.17 by 0035 GMT, while US West Texas Intermediate crude was at $85.86 a barrel, down $1.20, or 1.38 per cent. Both contracts posted their second weekly gains last week, up more than 5 per cent, as peace talks between the US and Iran hit a stalemate, capping oil shipments through the Strait of Hormuz where a fifth of the world's supply used to transit. US Treasury Secretary Scott Bessent, set to hold a press conference at 2 p.m. EDT (1800 GMT) on Monday, has threatened to impose "the toughest sanctions in history" on Iran. President Donald ?Trump has also threatened to impose sanctions on Iran's trading partners. "It is unclear whether US policy to economically isolate Iran will prove effective," Vivek Dhar, a commodities analyst at Commonwealth Bank of Australia, wrote in a note. "But if the US measures do work as intended, Iran's ability to respond via increased violence becomes a growing risk for energy markets to consider." Iran has condemned US plans to announce new sanctions even as President Masoud Pezeshkian called for a diplomatic solution. "The more pragmatic ?members of the Iranian leadership would prefer to de-escalate but the hardliners would probably prefer to fight to the bitter end," IG markets analyst Tony Sycamore ?said. "I think by the end of this week we will have a good idea ?which side of the Iranian leadership has the upper hand." Offers of Iranian crude to Chinese buyers have declined and prices have jumped as the US blockade ?has cut Tehran's shipments, according to trade sources. However, Iran has granted permission for a number of Iraqi oil tankers to pass through the Strait following repeated requests ?from Baghdad, Iran's state news agency IRNA reported on Saturday. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 24 2026 | 7:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jimeet Modi, founder and chief executive officer of Samco Group This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The country's equity derivatives market has taken on a notably younger profile, with traders under 30 making up 43 per cent of individual participants in FY26, a sharp rise from 31 per cent four years earlier, according to a study. However, the younger cohort also recorded a higher incidence of losses, the study by the Securities and Exchange Board of India (Sebi) revealed. Around 89 per cent of traders below 30 were loss-makers in FY26 compared to 81 per cent of participants above 60. The changing age profile is part of a wider transformation in the retail derivatives market, which has increasingly drawn investors outside India's largest cities and from relatively lower-income groups. About three-fourths of individual derivatives traders belonged to the annual income category of below Rs 5 lakh. This group accounted for 43 per cent of turnover, but 53 per cent of aggregate losses, the regulator said. Around 88 per cent of traders in this income category incurred losses, compared with 81 per cent of investors with annual income of above Rs 1 crore. The geographical spread of derivatives participation has been equally striking. Investors from smaller towns (B30) accounted for about two-thirds of individual traders and nearly half of derivatives turnover in FY26. The study noted that B30 investors account for only about one-fourth of individual mutual fund assets, pointing to a markedly higher derivatives risk appetite relative to their broader investment behaviour. The study also examined the relationship between derivatives trading and the size of investors' underlying equity portfolios. In FY2526, around 95 lakh, or 78 per cent, of individual derivatives traders had equity portfolios below Rs 1 lakh. This group accounted for 51 per cent of turnover, but as much as 70 per cent of aggregate losses. The study also found that traders with equity portfolios below Rs 1 lakh, but derivatives turnover above Rs 1 crore, represented only 13 per cent of traders, though accounted for 52 per cent of aggregate losses. Around 43 lakh traders, or 35 per cent of individual derivatives participants during FY25-26, had no underlying equity portfolio at the end of FY26. This indicated participation in derivatives without any cash-equity holdings. The study also found that the overall individual trader base contracted 18 per cent, from 1.06 crore in FY25 to 87.5 lakh in FY26. Sebi's analysis examined how trading outcomes varied with age, income, location, trading activity and portfolio size, while cautioning that these relationships should not be interpreted as proof of causation. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 8:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Greaves Electric Mobility MD Vikas Singh says the firm is betting big on markets such as Nepal, the Philippines, Indonesia and Sri Lanka First Published: Aug 23 2026 | 7:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 7:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 7:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 7:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 7:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 7:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 7:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 7:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 7:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 7:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 7:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 7:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hexaware technologies First Published: Aug 23 2026 | 6:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hexaware technologies First Published: Aug 23 2026 | 6:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hexaware technologies First Published: Aug 23 2026 | 6:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sugar prices have skyrocketed in the market amid declining sugarcane production and increased stockpiling by traders, according to experts who attributed the sharp rise to multiple factors but ruled out diversion of sugar towards ethanol production as the main reason. Opposition parties have been targeting the Centre over increased ethanol blending in petrol, alleging that the policy was pushing up sugar prices and imposing an additional financial burden on people. The government has rejected the claims and instead blamed the industry for jacking up prices despite the country having sufficient stock to meet domestic demand. The rate of loose sugar in Chhatrapati Sambhajinagar, Maharashtra, has risen to Rs 75-80 per kg, a supermarket owner said on Sunday. Experts attributed the sharp rise to multiple factors but ruled out diversion of sugar towards ethanol production as the main reason. Former Maharashtra Sugar Commissioner Shekhar Gaikwad said sugarcane production and yields are declining, affecting overall sugar production. The number of states producing sugarcane is also shrinking, he added. ''The sugarcane production in India is declining. The tonnage is also declining to some extent, which is affecting overall sugar production. Even if the government frames a new policy to increase production, it will take around 30-36 months to show results. The number of key sugarcane producing states is also decreasing. The government needs to check the stocks of sugar again,'' he told PTI. Former National Federation of Cooperative Sugar Factories president Jayprakash Dandegaonkar said Maharashtra, the country's largest sugar producer, has also seen a reduction in the sugarcane crushing season. ''The span of sugarcane crushing in Maharashtra has also gone down. Factories that crushed sugarcane for around 150 days a year have reduced the season to nearly 100 days as the business is no longer affordable. We are paying farmers a Fair and Remunerative Price (FRP) of Rs 3,650 per tonne, while the Minimum Support Price (MSP) for sugar is Rs 3,100," he said. Dandegaonkar said the gap between the FRP paid to farmers and the MSP is causing losses to sugar mills and needs to be addressed. Bhairavnath Thombre, president of the West Indian Sugar Mills Association (WISMA), said ethanol production cannot be blamed for the current rise in sugar prices. "Earlier, in 2020, the entire 100 per cent of ethanol was produced through sugar diversion. That share has now fallen to around 30 per cent, with foodgrains accounting for a larger share," Thombre said. He said government estimates and permission to export sugar had also affected domestic prices. The initial estimate for sugar production was 390 lakh tonne, but actual production fell to 310 lakh tonne. The government subsequently permitted exports of around 8 lakh tonnes, he said. Thombre added that traders, anticipating the impact of El Nino on sugarcane and sugar production, purchased and stocked large quantities of sugar, further pushing up prices. "The government has now introduced certain rules for sugar purchases. Once the crushing season begins, sugar mills can add around 15-20 lakh tonnes of sugar to the market every month," he said. According to the figures of the Union Ministry of Agriculture and Farmer Welfare, the area of sugarcane cultivation reduced significantly since 2022-23 from 5885.32 thousand hectares to 5449.93 thousand hectares in the year 2024-25, impacting sugarcane production. The overall sugarcane production in India was 490533.35 thousand tonnes in 2022-23, which declined to 453158.40 thousand tonnes. In 2024-25, sugar production remained at 454610.97 thousand tonnes. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 5:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 5:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 5:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Global cybersecurity major Sophos has recorded a 60 per cent growth in its India business in the last financial year, outperforming the broader domestic market growth by four times, a top company executive said. India is now the largest contributor to the company's Asia-Pacific and Japan (APJ) operations and is currently the number one growth region for Sophos globally. "The cybersecurity market in India is growing at approximately 15 per cent. In the last financial year (FY26), we grew at 60 per cent, which means we are growing at four times the market (rate)," Gavin Struthers, Senior Vice President Asia-Pacific & Japan, Sophos, told PTI in an interaction. Struthers attributed this "phenomenal achievement" to the rising awareness of the importance of cyber resilience and increased regulatory focus, including the Digital Personal Data Protection (DPDP) Act. The company currently employs over 1,500 people in India, making it the largest employee base for Sophos across all countries. Globally, the company has about 5,500 employees. "It's a very important market for Asia Pacific and Japan, and it's a critical market for us globally, especially in light of the growth and the opportunity we're seeing in the market," Struthers said. Struthers highlighted a "cybersecurity poverty line" affecting organisations that lack "MESI" -- an acronym for Money, Expertise, Capability (C), and Influence (I). He explained that even large organisations with Chief Information Security Officers (CISO) can fall below this line if they lack the expertise to run operations or lack influence over their entire environment, particularly regarding third-party and supply chain risks. "If you look at the top-five CISO challenges in India, one of them will be third-party and supply chain risk. So you might have a very strong fortress with a strong moat and all layers of security, a defence system, but you are connecting with several third-party partners or vendors, other SaaS vendor applications... If there's a compromise in one of those applications or partners, you then actually are a victim or a casualty. That's what the poverty line speaks to," Struthers pointed out. He flagged that identity-based attacks have become a primary vector, noting that India is the "number two country in the world" for phishing. "We know that attackers don't break in; they log in," Struthers said, adding that ransomware should also be viewed as an identity-based problem. On the impact of artificial intelligence in cybersecurity, Struthers said AI has made phishing more sophisticated, making it "really hard to distinguish between... what is real and what is compromised". (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 3:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Out of 28, 19 developers have reported growth in pre-sales India's 28 big listed real estate firms' collective sales bookings fell 21 per cent to nearly ?40,000 crore in the latest June quarter due to lower volumes, as some big developers refrained from launching housing projects amid global economic uncertainties. According to data compiled from investor presentations, total combined sales bookings, or pre-sales, of the 28 major listed real estate companies stood at ?39,964 crore in the first quarter of 2026-27 compared to ?50,900 crore in the year-ago period. The housing segment contributed the bulk of the sales booking numbers. Godrej Properties became the largest listed real estate developer in terms of sales bookings. The company sold properties worth ?8,651 crore in the June quarter against ?7,082 crore in the year-ago period. Out of 28, 19 developers have reported growth in pre-sales. They are Godrej Properties, Lodha, Sobha, Max Estates, Puravankara, Kalpataru, Embassy Developments, Mahindra Lifespace, Raymond Realty, Sunteck Realty, Kolte-Patil, Shriram Properties, Ajmera Realty, Arvind SmartSpaces, TARC, Sri Lotus Developers, Arihant Superstructures, Arkade and Suraj Estate. In contrast, nine listed realty firms -- DLF, Prestige, Oberoi Realty, Signature Global, Aditya Birla Real Estate, Brigade, Ashiana Housing and Eldeco -- have reported a decline in sales bookings. According to data, Bengaluru-based Prestige Estates Projects Ltd grabbed the second position with sales bookings of ?6,579.3 crore in the April-June quarter of 2026-27. The company's pre-sales stood at ?12,126.4 crore a year ago. Mumbai-based Lodha Developers Ltd's pre-sales rose to ?4,630 crore from ?4,450 crore. Bengaluru-based Sobha Ltd sales jumped to ?3,656 crore from ?2,079 crore. Signature Global Ltd stood at fifth position, even as its sales fell to ?1,970 crore from ?2,640 crore. Sales bookings of DLF Ltd, India's largest realty firm in terms of market capitalisation, plunged to just ?657 crore from ? 11,425 crore. The company did not launch any project in the first quarter of FY27. Aditya Birla Real Estate Ltd's (ABREL) pre-sales also fell to ?329 crore from ?422 crore. Among other players, Bengaluru-based Puravankara Ltd's sales bookings rose to ?1,439 crore in April-June 2026 from ?1,124 crore in the year-ago period. Kalpataru Ltd's sales bookings grew to ?1,329 crore from ?1,249 crore, while Max Estates pre-sales shot up to ?1,093 crore from ?217 crore. However, Brigade Enterprises Ltd's sales bookings dipped to ?1,061 crore from ?1,118 crore. Oberoi Realty Ltd's sales bookings too fell to ?1,049.88 crore from ?1,638.68 crore. Sales bookings of Mahindra Lifespace Developers Ltd more than doubled to ?925 crore from ?449 crore. Bengaluru-based Embassy Developments Ltd's sales bookings jumped multi-fold to ?868 crore from ?198 crore. Mumbai-based Sunteck Realty Ltd pre-sales grew to ?787 crore from ?657 crore, while the sales bookings of Raymond Realty Ltd jumped over two-fold to ?700 crore from ?306 crore. Kolte-Patil Developers Ltd clocked pre-sales of ?617 crore in the latest June quarter against ?616 crore in the year-ago period. Mumbai-based Keystone Realtors Ltd's sales bookings fell to ?617 crore from ?1,068 crore. Delhi-based TARC Ltd's pre-sales jumped to ?602 crore from ?225 crore. Bengaluru-based Shriram Properties Ltd clocked sales bookings of ?484 crore in the June quarter compared to ?441 crore a year ago. Ahmedabad-based Arvind SmartSpaces Ltd's sales bookings rose sharply to ?432 crore from ?175 crore. Sales bookings of Mumbai-based Sri Lotus Developers Ltd jumped to ?409 crore from ?61 crore. Delhi-NCR-based Ashiana Housing Ltd, which focuses on senior living homes, reported a drop in pre-sales to ?358 crore from ?431 crore. Mumbai-headquartered Arihant Superstructures Ltd's sales bookings rose to ?173.1 crore from ?150.6 crore. Sales bookings of Arkade Developers Ltd increased to ?155.1 crore from ?142 crore. Mumbai-based Ajmera Realty & Infrastructure Ltd pre-sales rose to ?146 crore from ?108 crore. Mumbai-based Suraj Estate Developers Ltd's sales bookings grew to ?141 crore from ?81 crore. Lastly, Lucknow-based Eldeco Housing & Industries Ltd reported a fall in pre-sales to ?105.7 crore during the April-June quarter of 2026-27 from ?221.1 crore in the year-ago period. Real estate consultants attributed the fall in collective sales of these listed players to factors, including no fresh launches by key companies, a high base effect, and cautious sentiment among prospective homebuyers, due to global economic uncertainties amid the West Asia conflict. They hoped that sales numbers would revive from the second quarter onwards. Many listed players do not report sales booking numbers, which have become an important metric to evaluate the operational performance of any company. Revenue recognition of the sales bookings done by these developers is linked to the completion of real estate projects. Real estate developers, which are not listed on stock exchanges, generally do not report their quarterly and annual sales bookings. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 3:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
State-owned India Infrastructure Finance Company Ltd (IIFCL) has kick-started its $1.8 billion External Commercial Borrowing (ECB) fund-raising programme by mobilising $200 million through international markets. The mobilisation marks the first milestone in IIFCL's broader international fund-raising programme, following government approval to raise about $1.8 billion through ECBs, the company said in a statement on Sunday. The company is pursuing opportunities across international financial markets with a focus on competitive pricing, prudent risk management and mobilisation of long-term resources to support India's infrastructure financing requirements. As part of the programme, IIFCL is envisaging raising about $1 billion through long-term ECBs, with tenors of up to 15 years, under the MIGA Guarantee Facility, in multiple tranches, it said. The Multilateral Investment Guarantee Agency (MIGA), a world Bank Group arm, provides guarantees against non-commercial risks to facilitate the flow of foreign investment in developing countries and lift people out of poverty. The proposed long-term funding will support infrastructure projects with long gestation periods and further strengthen IIFCL's capacity to provide long-term financing to the sector, it said. The fundraising programme marks a strategic step towards diversifying IIFCL's funding base and accessing global pools of long-term capital, it said. The company will continue to leverage opportunities in international markets to mobilise competitive and sustainable resources in support of India's infrastructure development, it said. Speaking on the development, IIFCL Managing Director Rohit Rishi said with government approval for about $1.8 billion of ECB mobilisation, including long-term ECBs under the MIGA Guarantee Facility, IIFCL has put in place a structured fundraising programme. "We remain committed to executing the programme within the stipulated timeframe and supporting the country's infrastructure financing requirements," he said. IIFCL has built a strong track record of mobilising international capital for India's infrastructure development, having raised over $3.5 billion from international markets over the years and deployed these resources towards infrastructure financing, he said. The commencement of the $1.8 billion ECB programme builds on this experience and further strengthens our ability to channel long-term global capital towards projects that are critical to India's growth and development, he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 2:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold and silver prices are expected to retain their upward momentum next week, though profit-booking at higher levels may temper the rally as investors await key US inflation data, analysts said. US Core Personal Consumption Expenditures (PCE) inflation and GDP figures will be the key triggers for bullion. Developments surrounding West Asia geopolitics, particularly the US-Iran peace deal and reopening of the Strait of Hormuz, will also remain in focus, they added. "In the coming trading session, we expect bias to remain positive, but some profit-booking cannot be ruled out," Pranav Mer, Senior Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On the domestic front, gold futures for October delivery gained ?7,932, or 5.13 per cent, to close the week at ?1.62 lakh per 10 grams on the Multi Commodity Exchange (MCX). Silver for September delivery surged ?10,673, or 4.52 per cent, to settle at ?2.46 lakh per kilogram. "Gold remained firmly positive this week, gaining more than 5 per cent to close near ?1.62 lakh per 10 grams on the MCX," Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said. The rally was supported by renewed buying interest in bullion, softer bond yields and improving liquidity conditions, he added. In international markets, Comex gold futures for December delivery rose $243.3, or 5.5 per cent, to close at $4,680.6 per ounce. Silver futures for September delivery climbed $4.42, or nearly 7 per cent, to $69.53 per ounce in New York. "Gold futures ended yet another week in the positive with International spot gold closing above $4,620, ending with a weekly gain of more than 5 per cent in global markets," Mer said. The sharp price move mid-week was ignited by liquidity measures announced by the US Treasury Department to double down on its buyback of longer-dated bonds, he added. The Jackson Hole symposium, scheduled for August 27-29, will also be closely watched by bullion traders, with Federal Reserve Chair Kevin Warsh set to deliver his first keynote address at the event, Mer said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 1:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign portfolio investors (FPIs) have accelerated buying in Indian equities this month, infusing ?23,544 crore so far in August Crude oil prices and developments in the US-Iran conflict will remain the primary factors influencing stock market movements this week, according to analysts. "Investors will closely monitor the Jackson Hole symposium, particularly comments from the US Federal Reserve Chairman, for indications on the future trajectory of interest rates. US GDP estimates, durable goods orders and consumer confidence will also provide important clues on the strength of the US economy and the Fed's policy outlook," Ajit Mishra SVP, Research, Religare Broking Ltd, said. On the domestic front, investors will track rupee movement, foreign institutional flows and domestic liquidity conditions, he added. "Global markets head into the coming week with investor attention centred on three key themes: the Federal Reserve's policy trajectory, Nvidia's quarterly results and the unresolved US-Iran conflict. "Against a backdrop of volatile long-dated Treasury yields, Fed Chair Kevin Warsh's address at the Jackson Hole symposium will be closely scrutinised for clues on how the central bank is weighing persistent inflation risks against signs of a softer labour market ahead of its September policy meeting," Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. Crude oil remains the other major external risk, he said. "The 60-day US-Iran agreement expired without a lasting settlement, leaving the Strait of Hormuz at the centre of an unresolved confrontation and normal energy flows through the region disrupted," Ponmudi added. Foreign portfolio investors (FPIs) have accelerated buying in Indian equities this month, infusing ?23,544 crore so far in August. Last week, the BSE benchmark Sensex declined 468.42 points, or 0.60 per cent, and the NSE Nifty dipped 114 points, or 0.46 per cent. "After two weeks of correction in the Nifty, Indian equity markets could consolidate, with marginal recovery expected in the near term. Key monitorables include Brent crude prices, which are anchored above USD 90/barrel and geopolitical developments," Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 1:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 12:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 12:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 12:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The valuation of Bharti Airtel dropped ?28,052.96 crore to ?12,14,963.15 crore, the most among the top-10 firms The combined market valuation of four of the top-10 most valued firms eroded by ?87,960.29 crore last week, with Bharti Airtel taking the biggest hit, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 468.42 points, or 0.60 per cent, and the NSE Nifty dipped 114 points, or 0.46 per cent. "Indian equity markets ended the week on a cautious note, extending their recent corrective phase as elevated crude oil prices, rising global bond yields and persistent geopolitical uncertainty weighed on investor sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The valuation of Bharti Airtel dropped ?28,052.96 crore to ?12,14,963.15 crore, the most among the top-10 firms. Tata Consultancy Services (TCS) faced an erosion of ?22,070.34 crore from its valuation, which stood at ?8,31,436.51 crore. The market capitalisation (mcap) of the State Bank of India declined ?20,861.2 crore to ?9,64,968.76 crore and that of Hindustan Unilever fell ?16,975.79 crore to ?4,73,912.56 crore. However, the valuation of Life Insurance Corporation of India (LIC) jumped ?12,650 crore to ?5,35,980.31 crore. The mcap of Reliance Industries surged ?8,119.53 crore to ?17,78,175.59 crore and that of Larsen & Toubro climbed ?3,487.83 crore to ?5,62,460.94 crore. The market valuation of Bajaj Finance edged higher by ?3,424.28 crore to ?6,80,621.62 crore. ICICI Bank added ?752.47 crore taking its mcap to ?10,18,330.45 crore. The mcap of HDFC Bank went up ?356.95 crore to ?11,21,159.05 crore. Reliance Industries remained the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 12:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The valuation of Bharti Airtel dropped ?28,052.96 crore to ?12,14,963.15 crore, the most among the top-10 firms The combined market valuation of four of the top-10 most valued firms eroded by ?87,960.29 crore last week, with Bharti Airtel taking the biggest hit, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 468.42 points, or 0.60 per cent, and the NSE Nifty dipped 114 points, or 0.46 per cent. "Indian equity markets ended the week on a cautious note, extending their recent corrective phase as elevated crude oil prices, rising global bond yields and persistent geopolitical uncertainty weighed on investor sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The valuation of Bharti Airtel dropped ?28,052.96 crore to ?12,14,963.15 crore, the most among the top-10 firms. Tata Consultancy Services (TCS) faced an erosion of ?22,070.34 crore from its valuation, which stood at ?8,31,436.51 crore. The market capitalisation (mcap) of the State Bank of India declined ?20,861.2 crore to ?9,64,968.76 crore and that of Hindustan Unilever fell ?16,975.79 crore to ?4,73,912.56 crore. However, the valuation of Life Insurance Corporation of India (LIC) jumped ?12,650 crore to ?5,35,980.31 crore. The mcap of Reliance Industries surged ?8,119.53 crore to ?17,78,175.59 crore and that of Larsen & Toubro climbed ?3,487.83 crore to ?5,62,460.94 crore. The market valuation of Bajaj Finance edged higher by ?3,424.28 crore to ?6,80,621.62 crore. ICICI Bank added ?752.47 crore taking its mcap to ?10,18,330.45 crore. The mcap of HDFC Bank went up ?356.95 crore to ?11,21,159.05 crore. Reliance Industries remained the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 12:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The valuation of Bharti Airtel dropped ?28,052.96 crore to ?12,14,963.15 crore, the most among the top-10 firms The combined market valuation of four of the top-10 most valued firms eroded by ?87,960.29 crore last week, with Bharti Airtel taking the biggest hit, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 468.42 points, or 0.60 per cent, and the NSE Nifty dipped 114 points, or 0.46 per cent. "Indian equity markets ended the week on a cautious note, extending their recent corrective phase as elevated crude oil prices, rising global bond yields and persistent geopolitical uncertainty weighed on investor sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The valuation of Bharti Airtel dropped ?28,052.96 crore to ?12,14,963.15 crore, the most among the top-10 firms. Tata Consultancy Services (TCS) faced an erosion of ?22,070.34 crore from its valuation, which stood at ?8,31,436.51 crore. The market capitalisation (mcap) of the State Bank of India declined ?20,861.2 crore to ?9,64,968.76 crore and that of Hindustan Unilever fell ?16,975.79 crore to ?4,73,912.56 crore. However, the valuation of Life Insurance Corporation of India (LIC) jumped ?12,650 crore to ?5,35,980.31 crore. The mcap of Reliance Industries surged ?8,119.53 crore to ?17,78,175.59 crore and that of Larsen & Toubro climbed ?3,487.83 crore to ?5,62,460.94 crore. The market valuation of Bajaj Finance edged higher by ?3,424.28 crore to ?6,80,621.62 crore. ICICI Bank added ?752.47 crore taking its mcap to ?10,18,330.45 crore. The mcap of HDFC Bank went up ?356.95 crore to ?11,21,159.05 crore. Reliance Industries remained the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 12:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The valuation of Bharti Airtel dropped ?28,052.96 crore to ?12,14,963.15 crore, the most among the top-10 firms The combined market valuation of four of the top-10 most valued firms eroded by ?87,960.29 crore last week, with Bharti Airtel taking the biggest hit, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 468.42 points, or 0.60 per cent, and the NSE Nifty dipped 114 points, or 0.46 per cent. "Indian equity markets ended the week on a cautious note, extending their recent corrective phase as elevated crude oil prices, rising global bond yields and persistent geopolitical uncertainty weighed on investor sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The valuation of Bharti Airtel dropped ?28,052.96 crore to ?12,14,963.15 crore, the most among the top-10 firms. Tata Consultancy Services (TCS) faced an erosion of ?22,070.34 crore from its valuation, which stood at ?8,31,436.51 crore. The market capitalisation (mcap) of the State Bank of India declined ?20,861.2 crore to ?9,64,968.76 crore and that of Hindustan Unilever fell ?16,975.79 crore to ?4,73,912.56 crore. However, the valuation of Life Insurance Corporation of India (LIC) jumped ?12,650 crore to ?5,35,980.31 crore. The mcap of Reliance Industries surged ?8,119.53 crore to ?17,78,175.59 crore and that of Larsen & Toubro climbed ?3,487.83 crore to ?5,62,460.94 crore. The market valuation of Bajaj Finance edged higher by ?3,424.28 crore to ?6,80,621.62 crore. ICICI Bank added ?752.47 crore taking its mcap to ?10,18,330.45 crore. The mcap of HDFC Bank went up ?356.95 crore to ?11,21,159.05 crore. Reliance Industries remained the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 12:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The valuation of Bharti Airtel dropped ?28,052.96 crore to ?12,14,963.15 crore, the most among the top-10 firms The combined market valuation of four of the top-10 most valued firms eroded by ?87,960.29 crore last week, with Bharti Airtel taking the biggest hit, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 468.42 points, or 0.60 per cent, and the NSE Nifty dipped 114 points, or 0.46 per cent. "Indian equity markets ended the week on a cautious note, extending their recent corrective phase as elevated crude oil prices, rising global bond yields and persistent geopolitical uncertainty weighed on investor sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The valuation of Bharti Airtel dropped ?28,052.96 crore to ?12,14,963.15 crore, the most among the top-10 firms. Tata Consultancy Services (TCS) faced an erosion of ?22,070.34 crore from its valuation, which stood at ?8,31,436.51 crore. The market capitalisation (mcap) of the State Bank of India declined ?20,861.2 crore to ?9,64,968.76 crore and that of Hindustan Unilever fell ?16,975.79 crore to ?4,73,912.56 crore. However, the valuation of Life Insurance Corporation of India (LIC) jumped ?12,650 crore to ?5,35,980.31 crore. The mcap of Reliance Industries surged ?8,119.53 crore to ?17,78,175.59 crore and that of Larsen & Toubro climbed ?3,487.83 crore to ?5,62,460.94 crore. The market valuation of Bajaj Finance edged higher by ?3,424.28 crore to ?6,80,621.62 crore. ICICI Bank added ?752.47 crore taking its mcap to ?10,18,330.45 crore. The mcap of HDFC Bank went up ?356.95 crore to ?11,21,159.05 crore. Reliance Industries remained the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 12:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
"We have opened nine hotels in the last 12 months. This is the ninth in Indore," Jain said in an interaction with PTI. The expansion has taken Pride Hotels' portfolio to 40 properties, including eight owned hotels and 32 managed properties. The company has also signed contracts for another 32 hotels, which are expected to open over the next one-and-a-half to two years, taking its portfolio to about 72 properties. Puri, for instance, is seen as a promising market as it attracts both religious travellers and wedding-related business, he added. To support the expansion, the company is also looking to increase the share of owned properties in its portfolio, Executive Director Atul Upadhyay said. "People are taking much more holidays and its frequency is going up a lot," Jain said, adding that younger consumers increasingly prefer "creating experiences" over acquiring things. Against this backdrop of expansion, the company is also preparing to tap the capital markets. "Pride Hotels plans to launch its IPO by December, with the issue size remaining around ?1,000 crore," Jain said. The Mumbai-based hospitality chain, which filed its preliminary papers with Sebi in October 2025, received approval to float the IPO in January 2026. According to the draft papers, the public issue comprises a fresh issue of shares worth ?260 crore and an offer for sale of up to 3.92 crore shares by promoters and promoter group entities. The proceeds will be used to fund capital expenditure towards renovation of existing hotels, repayment of debt and general corporate purposes. Pride Hotels remains focused on the upscale segment and may launch a boutique upper-upscale brand, Pride Lux, as it looks to broaden its offering. While the expansion outlook remains positive, rising operating costs are emerging as a concern. Chairman and Managing Director (CMD) S P Jain said gas and electricity expenses have risen 8-9 per cent, weighing on the bottom line. To contain these costs, the company is investing in wind and solar power as well as energy-efficient equipment. He noted that air conditioning accounts for a major share of a hotel's electricity consumption and said efficient chillers could help reduce power usage. Apart from cost pressure, the CMD also flagged licensing as the biggest challenge for the hospitality industry, saying multiple approvals can delay the opening of hotels even after construction is complete. "Biggest challenge in hospitality is licences," he said, calling for a more streamlined approval mechanism. To a query on international foray, Jain said for now, Pride Hotels remains focused on the domestic market and has not signed any overseas hotel. However, the company could explore international markets with significant Indian traveller traffic. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 11:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
"We have opened nine hotels in the last 12 months. This is the ninth in Indore," Jain said in an interaction with PTI. The expansion has taken Pride Hotels' portfolio to 40 properties, including eight owned hotels and 32 managed properties. The company has also signed contracts for another 32 hotels, which are expected to open over the next one-and-a-half to two years, taking its portfolio to about 72 properties. Puri, for instance, is seen as a promising market as it attracts both religious travellers and wedding-related business, he added. To support the expansion, the company is also looking to increase the share of owned properties in its portfolio, Executive Director Atul Upadhyay said. "People are taking much more holidays and its frequency is going up a lot," Jain said, adding that younger consumers increasingly prefer "creating experiences" over acquiring things. Against this backdrop of expansion, the company is also preparing to tap the capital markets. "Pride Hotels plans to launch its IPO by December, with the issue size remaining around ?1,000 crore," Jain said. The Mumbai-based hospitality chain, which filed its preliminary papers with Sebi in October 2025, received approval to float the IPO in January 2026. According to the draft papers, the public issue comprises a fresh issue of shares worth ?260 crore and an offer for sale of up to 3.92 crore shares by promoters and promoter group entities. The proceeds will be used to fund capital expenditure towards renovation of existing hotels, repayment of debt and general corporate purposes. Pride Hotels remains focused on the upscale segment and may launch a boutique upper-upscale brand, Pride Lux, as it looks to broaden its offering. While the expansion outlook remains positive, rising operating costs are emerging as a concern. Chairman and Managing Director (CMD) S P Jain said gas and electricity expenses have risen 8-9 per cent, weighing on the bottom line. To contain these costs, the company is investing in wind and solar power as well as energy-efficient equipment. He noted that air conditioning accounts for a major share of a hotel's electricity consumption and said efficient chillers could help reduce power usage. Apart from cost pressure, the CMD also flagged licensing as the biggest challenge for the hospitality industry, saying multiple approvals can delay the opening of hotels even after construction is complete. "Biggest challenge in hospitality is licences," he said, calling for a more streamlined approval mechanism. To a query on international foray, Jain said for now, Pride Hotels remains focused on the domestic market and has not signed any overseas hotel. However, the company could explore international markets with significant Indian traveller traffic. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 11:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
"We have opened nine hotels in the last 12 months. This is the ninth in Indore," Jain said in an interaction with PTI. The expansion has taken Pride Hotels' portfolio to 40 properties, including eight owned hotels and 32 managed properties. The company has also signed contracts for another 32 hotels, which are expected to open over the next one-and-a-half to two years, taking its portfolio to about 72 properties. Puri, for instance, is seen as a promising market as it attracts both religious travellers and wedding-related business, he added. To support the expansion, the company is also looking to increase the share of owned properties in its portfolio, Executive Director Atul Upadhyay said. "People are taking much more holidays and its frequency is going up a lot," Jain said, adding that younger consumers increasingly prefer "creating experiences" over acquiring things. Against this backdrop of expansion, the company is also preparing to tap the capital markets. "Pride Hotels plans to launch its IPO by December, with the issue size remaining around ?1,000 crore," Jain said. The Mumbai-based hospitality chain, which filed its preliminary papers with Sebi in October 2025, received approval to float the IPO in January 2026. According to the draft papers, the public issue comprises a fresh issue of shares worth ?260 crore and an offer for sale of up to 3.92 crore shares by promoters and promoter group entities. The proceeds will be used to fund capital expenditure towards renovation of existing hotels, repayment of debt and general corporate purposes. Pride Hotels remains focused on the upscale segment and may launch a boutique upper-upscale brand, Pride Lux, as it looks to broaden its offering. While the expansion outlook remains positive, rising operating costs are emerging as a concern. Chairman and Managing Director (CMD) S P Jain said gas and electricity expenses have risen 8-9 per cent, weighing on the bottom line. To contain these costs, the company is investing in wind and solar power as well as energy-efficient equipment. He noted that air conditioning accounts for a major share of a hotel's electricity consumption and said efficient chillers could help reduce power usage. Apart from cost pressure, the CMD also flagged licensing as the biggest challenge for the hospitality industry, saying multiple approvals can delay the opening of hotels even after construction is complete. "Biggest challenge in hospitality is licences," he said, calling for a more streamlined approval mechanism. To a query on international foray, Jain said for now, Pride Hotels remains focused on the domestic market and has not signed any overseas hotel. However, the company could explore international markets with significant Indian traveller traffic. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 11:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
"We have opened nine hotels in the last 12 months. This is the ninth in Indore," Jain said in an interaction with PTI. The expansion has taken Pride Hotels' portfolio to 40 properties, including eight owned hotels and 32 managed properties. The company has also signed contracts for another 32 hotels, which are expected to open over the next one-and-a-half to two years, taking its portfolio to about 72 properties. Puri, for instance, is seen as a promising market as it attracts both religious travellers and wedding-related business, he added. To support the expansion, the company is also looking to increase the share of owned properties in its portfolio, Executive Director Atul Upadhyay said. "People are taking much more holidays and its frequency is going up a lot," Jain said, adding that younger consumers increasingly prefer "creating experiences" over acquiring things. Against this backdrop of expansion, the company is also preparing to tap the capital markets. "Pride Hotels plans to launch its IPO by December, with the issue size remaining around ?1,000 crore," Jain said. The Mumbai-based hospitality chain, which filed its preliminary papers with Sebi in October 2025, received approval to float the IPO in January 2026. According to the draft papers, the public issue comprises a fresh issue of shares worth ?260 crore and an offer for sale of up to 3.92 crore shares by promoters and promoter group entities. The proceeds will be used to fund capital expenditure towards renovation of existing hotels, repayment of debt and general corporate purposes. Pride Hotels remains focused on the upscale segment and may launch a boutique upper-upscale brand, Pride Lux, as it looks to broaden its offering. While the expansion outlook remains positive, rising operating costs are emerging as a concern. Chairman and Managing Director (CMD) S P Jain said gas and electricity expenses have risen 8-9 per cent, weighing on the bottom line. To contain these costs, the company is investing in wind and solar power as well as energy-efficient equipment. He noted that air conditioning accounts for a major share of a hotel's electricity consumption and said efficient chillers could help reduce power usage. Apart from cost pressure, the CMD also flagged licensing as the biggest challenge for the hospitality industry, saying multiple approvals can delay the opening of hotels even after construction is complete. "Biggest challenge in hospitality is licences," he said, calling for a more streamlined approval mechanism. To a query on international foray, Jain said for now, Pride Hotels remains focused on the domestic market and has not signed any overseas hotel. However, the company could explore international markets with significant Indian traveller traffic. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 11:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
"We have opened nine hotels in the last 12 months. This is the ninth in Indore," Jain said in an interaction with PTI. The expansion has taken Pride Hotels' portfolio to 40 properties, including eight owned hotels and 32 managed properties. The company has also signed contracts for another 32 hotels, which are expected to open over the next one-and-a-half to two years, taking its portfolio to about 72 properties. Puri, for instance, is seen as a promising market as it attracts both religious travellers and wedding-related business, he added. To support the expansion, the company is also looking to increase the share of owned properties in its portfolio, Executive Director Atul Upadhyay said. "People are taking much more holidays and its frequency is going up a lot," Jain said, adding that younger consumers increasingly prefer "creating experiences" over acquiring things. Against this backdrop of expansion, the company is also preparing to tap the capital markets. "Pride Hotels plans to launch its IPO by December, with the issue size remaining around ?1,000 crore," Jain said. The Mumbai-based hospitality chain, which filed its preliminary papers with Sebi in October 2025, received approval to float the IPO in January 2026. According to the draft papers, the public issue comprises a fresh issue of shares worth ?260 crore and an offer for sale of up to 3.92 crore shares by promoters and promoter group entities. The proceeds will be used to fund capital expenditure towards renovation of existing hotels, repayment of debt and general corporate purposes. Pride Hotels remains focused on the upscale segment and may launch a boutique upper-upscale brand, Pride Lux, as it looks to broaden its offering. While the expansion outlook remains positive, rising operating costs are emerging as a concern. Chairman and Managing Director (CMD) S P Jain said gas and electricity expenses have risen 8-9 per cent, weighing on the bottom line. To contain these costs, the company is investing in wind and solar power as well as energy-efficient equipment. He noted that air conditioning accounts for a major share of a hotel's electricity consumption and said efficient chillers could help reduce power usage. Apart from cost pressure, the CMD also flagged licensing as the biggest challenge for the hospitality industry, saying multiple approvals can delay the opening of hotels even after construction is complete. "Biggest challenge in hospitality is licences," he said, calling for a more streamlined approval mechanism. To a query on international foray, Jain said for now, Pride Hotels remains focused on the domestic market and has not signed any overseas hotel. However, the company could explore international markets with significant Indian traveller traffic. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 11:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
"We have opened nine hotels in the last 12 months. This is the ninth in Indore," Jain said in an interaction with PTI. The expansion has taken Pride Hotels' portfolio to 40 properties, including eight owned hotels and 32 managed properties. The company has also signed contracts for another 32 hotels, which are expected to open over the next one-and-a-half to two years, taking its portfolio to about 72 properties. Puri, for instance, is seen as a promising market as it attracts both religious travellers and wedding-related business, he added. To support the expansion, the company is also looking to increase the share of owned properties in its portfolio, Executive Director Atul Upadhyay said. "People are taking much more holidays and its frequency is going up a lot," Jain said, adding that younger consumers increasingly prefer "creating experiences" over acquiring things. Against this backdrop of expansion, the company is also preparing to tap the capital markets. "Pride Hotels plans to launch its IPO by December, with the issue size remaining around ?1,000 crore," Jain said. The Mumbai-based hospitality chain, which filed its preliminary papers with Sebi in October 2025, received approval to float the IPO in January 2026. According to the draft papers, the public issue comprises a fresh issue of shares worth ?260 crore and an offer for sale of up to 3.92 crore shares by promoters and promoter group entities. The proceeds will be used to fund capital expenditure towards renovation of existing hotels, repayment of debt and general corporate purposes. Pride Hotels remains focused on the upscale segment and may launch a boutique upper-upscale brand, Pride Lux, as it looks to broaden its offering. While the expansion outlook remains positive, rising operating costs are emerging as a concern. Chairman and Managing Director (CMD) S P Jain said gas and electricity expenses have risen 8-9 per cent, weighing on the bottom line. To contain these costs, the company is investing in wind and solar power as well as energy-efficient equipment. He noted that air conditioning accounts for a major share of a hotel's electricity consumption and said efficient chillers could help reduce power usage. Apart from cost pressure, the CMD also flagged licensing as the biggest challenge for the hospitality industry, saying multiple approvals can delay the opening of hotels even after construction is complete. "Biggest challenge in hospitality is licences," he said, calling for a more streamlined approval mechanism. To a query on international foray, Jain said for now, Pride Hotels remains focused on the domestic market and has not signed any overseas hotel. However, the company could explore international markets with significant Indian traveller traffic. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 11:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company exports its SUVs to global markets such as Australia, New Zealand, West Asia, Africa and South America Homegrown auto major Mahindra & Mahindra is gearing up to intensify exports with its newly unveiled pickup targeting markets like South Africa, Australia, West Asia, and Latin America, according to company ED & CEO, Auto & Farm Sectors, Rajesh Jejurikar. The company, which has witnessed a multi-fold increase in its electric passenger vehicles sales last fiscal, is also confident of maintaining the growth trajectory with new products hitting the market, Jejurikar told PTI. Recently, the company unveiled its pickup 'Mahindra Scorpio Lifestyler' which will hit the market in India in April 2027 and it will be launched as the 'Mahindra Lifestyler' in global markets. "The Lifestyler pickup was developed as a global platform for access for mainly leveraging a global opportunity...It is an important part of our global growth strategy. We have been outlining that the 'Lifestyler' will be an important part of our global growth strategy," he said. Sharing which global markets the upcoming pickup can be exported to, he said it can go to markets like South Africa, Australia, West Asia, and Latin America. Even in the Asean region where there is a lot of demand for pickups, the company could look at possible markets for the new Lifestyler, he added. "We are not present in the Asean markets except Indonesia. So we would have to open up those markets with these products," Jejurikar said when asked if M&M would export to countries of the bloc thereby looking to increase overall exports. According to M&M's annual report for 2025-26, the company's automotive sector posted an export volume of 41,030 vehicles as against the previous year's exports of 34,709 vehicles, representing a growth of 18.2 per cent. The company exports its SUVs to global markets such as Australia, New Zealand, West Asia, Africa and South America. Jejurikar, however, said the pickup, which will be sold in India as 'Mahindra Scorpio Lifestyler' "could also have a play" in the domestic market. "We now see a potential emerging product opportunity in India for a product like that as well. What we've seen over the last three to five years is many more Indian customers who are valuing experiences, curated holidays, curated recreational experiences where they take their own gear with them. "The Lifestyler, in a way, is a perfect pickup for them to experience that," he explained. It could be the coffee plantation owner, or it could be someone who wants to go with friends or family on a camping trail, he said, adding "these are all new lifestyle experiences that are emerging, and that could be a very good opportunity for us to leverage that". When asked about M&M's electric vehicles, he said in the last 16-17 months, the company's EV penetration has "literally gone from 0 per cent to now 12 per cent of our total SUV volume" after the launches of BE 6, XEV 9e and XEV 9S models. M&M had recently introduced BE 6 SPORTEQ to add to the existing line-up and it will hit the market later this month. When asked if the EV penetration could increase further, Jejurikar said,"We don't want to get too much into what the penetration will be because it's also a function of how much ICE (internal combustion engine) we sell...but it'll keep growing." In the electric four-wheeler segment, M&M sold 57,472 vehicles in 2025-26 as against 14,183 vehicles in the previous year, a 4X jump, as per its latest annual report. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FPIs had withdrawn ?49,340 crore in June, ?32,963 crore in May, ?60,847 crore in April and a massive ?1.17 trillion in March Foreign Portfolio Investors (FPIs) have accelerated buying in Indian equities this month, infusing ?23,544 crore so far in August as improving quarterly earnings, a stable rupee and better market prospects lift sentiment. The inflow comes after FPIs invested ?20,200 crore in July, marking a sharp turnaround from four consecutive months of heavy selling and signalling renewed confidence in Indian equities. FPIs had withdrawn ?49,340 crore in June, ?32,963 crore in May, ?60,847 crore in April and a massive ?1.17 trillion in March. Prior to this selling streak, they had invested ?22,615 crore in February, according to CDSL data. Despite the recent buying, foreign investors have remained net sellers in Indian equities in 2026, withdrawing around ?2.3 trillion so far -- exceeding the ?1.66 trillion outflow registered during the entire 2025. "The factors that are driving the FPIs back to the Indian market are: earnings growth revival as reflected in Q1 results, FPI withdrawal from the 'chip trade', rupee stability and the impressive growth prospects of companies in the broader market," V K Vijayakumar, Chief Investment Strategist, Geojit Investments, said. FPIs are not buying attractively valued leading large banking or IT stocks; instead they are selectively buying mid-caps despite elevated valuations, he added. In the coming week, investors will closely track crude oil price movements and developments in the ongoing US-Iran geopolitical tensions for further direction in the market, Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking, said. Foreign investor interest has also extended to the debt market. They invested ?852 crore in debt through the Fully Accessible Route (FAR), while they pulled out ?995 crore through the general route during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 10:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FPIs had withdrawn ?49,340 crore in June, ?32,963 crore in May, ?60,847 crore in April and a massive ?1.17 trillion in March Foreign Portfolio Investors (FPIs) have accelerated buying in Indian equities this month, infusing ?23,544 crore so far in August as improving quarterly earnings, a stable rupee and better market prospects lift sentiment. The inflow comes after FPIs invested ?20,200 crore in July, marking a sharp turnaround from four consecutive months of heavy selling and signalling renewed confidence in Indian equities. FPIs had withdrawn ?49,340 crore in June, ?32,963 crore in May, ?60,847 crore in April and a massive ?1.17 trillion in March. Prior to this selling streak, they had invested ?22,615 crore in February, according to CDSL data. Despite the recent buying, foreign investors have remained net sellers in Indian equities in 2026, withdrawing around ?2.3 trillion so far -- exceeding the ?1.66 trillion outflow registered during the entire 2025. "The factors that are driving the FPIs back to the Indian market are: earnings growth revival as reflected in Q1 results, FPI withdrawal from the 'chip trade', rupee stability and the impressive growth prospects of companies in the broader market," V K Vijayakumar, Chief Investment Strategist, Geojit Investments, said. FPIs are not buying attractively valued leading large banking or IT stocks; instead they are selectively buying mid-caps despite elevated valuations, he added. In the coming week, investors will closely track crude oil price movements and developments in the ongoing US-Iran geopolitical tensions for further direction in the market, Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking, said. Foreign investor interest has also extended to the debt market. They invested ?852 crore in debt through the Fully Accessible Route (FAR), while they pulled out ?995 crore through the general route during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 10:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FPIs had withdrawn ?49,340 crore in June, ?32,963 crore in May, ?60,847 crore in April and a massive ?1.17 trillion in March Foreign Portfolio Investors (FPIs) have accelerated buying in Indian equities this month, infusing ?23,544 crore so far in August as improving quarterly earnings, a stable rupee and better market prospects lift sentiment. The inflow comes after FPIs invested ?20,200 crore in July, marking a sharp turnaround from four consecutive months of heavy selling and signalling renewed confidence in Indian equities. FPIs had withdrawn ?49,340 crore in June, ?32,963 crore in May, ?60,847 crore in April and a massive ?1.17 trillion in March. Prior to this selling streak, they had invested ?22,615 crore in February, according to CDSL data. Despite the recent buying, foreign investors have remained net sellers in Indian equities in 2026, withdrawing around ?2.3 trillion so far -- exceeding the ?1.66 trillion outflow registered during the entire 2025. "The factors that are driving the FPIs back to the Indian market are: earnings growth revival as reflected in Q1 results, FPI withdrawal from the 'chip trade', rupee stability and the impressive growth prospects of companies in the broader market," V K Vijayakumar, Chief Investment Strategist, Geojit Investments, said. FPIs are not buying attractively valued leading large banking or IT stocks; instead they are selectively buying mid-caps despite elevated valuations, he added. In the coming week, investors will closely track crude oil price movements and developments in the ongoing US-Iran geopolitical tensions for further direction in the market, Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking, said. Foreign investor interest has also extended to the debt market. They invested ?852 crore in debt through the Fully Accessible Route (FAR), while they pulled out ?995 crore through the general route during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 10:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FPIs had withdrawn ?49,340 crore in June, ?32,963 crore in May, ?60,847 crore in April and a massive ?1.17 trillion in March Foreign Portfolio Investors (FPIs) have accelerated buying in Indian equities this month, infusing ?23,544 crore so far in August as improving quarterly earnings, a stable rupee and better market prospects lift sentiment. The inflow comes after FPIs invested ?20,200 crore in July, marking a sharp turnaround from four consecutive months of heavy selling and signalling renewed confidence in Indian equities. FPIs had withdrawn ?49,340 crore in June, ?32,963 crore in May, ?60,847 crore in April and a massive ?1.17 trillion in March. Prior to this selling streak, they had invested ?22,615 crore in February, according to CDSL data. Despite the recent buying, foreign investors have remained net sellers in Indian equities in 2026, withdrawing around ?2.3 trillion so far -- exceeding the ?1.66 trillion outflow registered during the entire 2025. "The factors that are driving the FPIs back to the Indian market are: earnings growth revival as reflected in Q1 results, FPI withdrawal from the 'chip trade', rupee stability and the impressive growth prospects of companies in the broader market," V K Vijayakumar, Chief Investment Strategist, Geojit Investments, said. FPIs are not buying attractively valued leading large banking or IT stocks; instead they are selectively buying mid-caps despite elevated valuations, he added. In the coming week, investors will closely track crude oil price movements and developments in the ongoing US-Iran geopolitical tensions for further direction in the market, Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking, said. Foreign investor interest has also extended to the debt market. They invested ?852 crore in debt through the Fully Accessible Route (FAR), while they pulled out ?995 crore through the general route during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 10:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FPIs had withdrawn ?49,340 crore in June, ?32,963 crore in May, ?60,847 crore in April and a massive ?1.17 trillion in March Foreign Portfolio Investors (FPIs) have accelerated buying in Indian equities this month, infusing ?23,544 crore so far in August as improving quarterly earnings, a stable rupee and better market prospects lift sentiment. The inflow comes after FPIs invested ?20,200 crore in July, marking a sharp turnaround from four consecutive months of heavy selling and signalling renewed confidence in Indian equities. FPIs had withdrawn ?49,340 crore in June, ?32,963 crore in May, ?60,847 crore in April and a massive ?1.17 trillion in March. Prior to this selling streak, they had invested ?22,615 crore in February, according to CDSL data. Despite the recent buying, foreign investors have remained net sellers in Indian equities in 2026, withdrawing around ?2.3 trillion so far -- exceeding the ?1.66 trillion outflow registered during the entire 2025. "The factors that are driving the FPIs back to the Indian market are: earnings growth revival as reflected in Q1 results, FPI withdrawal from the 'chip trade', rupee stability and the impressive growth prospects of companies in the broader market," V K Vijayakumar, Chief Investment Strategist, Geojit Investments, said. FPIs are not buying attractively valued leading large banking or IT stocks; instead they are selectively buying mid-caps despite elevated valuations, he added. In the coming week, investors will closely track crude oil price movements and developments in the ongoing US-Iran geopolitical tensions for further direction in the market, Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking, said. Foreign investor interest has also extended to the debt market. They invested ?852 crore in debt through the Fully Accessible Route (FAR), while they pulled out ?995 crore through the general route during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 23 2026 | 10:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 8:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 23 2026 | 8:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
share market, stock market First Published: Aug 23 2026 | 7:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 22 2026 | 8:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market regulator Sebi has proposed introducing a framework for Fixed Income Channel Partners to broaden retail participation in fixed-income securities through online bond platform providers (OBPPs). The proposal aims to improve access to fixed-income products in Tier-II, Tier-III cities and rural areas, according to a consultation paper issued by Sebi on Friday. Under the proposed framework, individuals and non-individual entities listed on stock exchanges could act as Fixed Income Channel Partners (FICPs) and facilitate the distribution of permitted fixed-income securities through OBPPs. Individuals would need to be Indian citizens, be at least 18 years of age, have passed Class 12, and hold a valid NISM Series: Fixed Income Securities certification, among other requirements. Mutual fund distributors registered with AMFI would also be eligible to apply for FICP status without paying the applicable enlistment fee, subject to passing the relevant NISM certification. Sebi said outstanding corporate bonds have grown from about ?17.5 trillion at the end of FY15 to over ?60 trillion as of July 31, 2026, reflecting a compound annual growth rate (CAGR) of around 12 per cent. Listed corporate bonds account for about ?46 lakh crore, amounting to approximately 76.6 per cent of the market. Debt issuances mobilised ?9.1 trillion in FY26, nearly twice the amount raised through equity; however, access remains concentrated among institutional investors. The regulator noted that FICPs will provide support to the OBPP in onboarding clients, assisting them in completing the documentation, conducting KYC procedures and facilitating transactions. However, FICPs will not handle client funds or securities and will not receive or pay any money or securities of clients in its own name or account. The client orders will be routed and reported directly through the OBPP platform, Sebi said. FICPs will receive remuneration for their services only from the appointing OBPP, and they shall not levy or collect any amount from clients. The proposed commission, fee or brokerage charged to clients would be capped at 2.5 per cent of the investment value. The Securities and Exchange Board of India (Sebi) has invited public comments from the stakeholders on the consultation paper by September 11, 2026. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 22 2026 | 8:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Monarch Surveyors and Engineering Consultants announced that it has received a work order worth Rs 1.68 crore from Fursungi-Uruli Devachi Nagar Parishad. The work is subject to necessary approvals from the concerned government authorities. As per the letter of acceptance, the work will commence immediately and is expected to be completed within the timeline specified under the contract. The company clarified that the transaction does not constitute a related-party transaction and that neither the promoters nor the promoter group companies have any interest in the work contract. Monarch Surveyors and Engineering Consultants provides end-to-end consultancy services for infrastructure projects, including survey, design and technical supervision for roads, railways, metros, town planning, geospatial mapping, land acquisition, water, transmission lines, pipelines and other civil engineering sectors. The company reported a 6.9% rise in standalone net profit to Rs 37.23 crore on a 11.4% increase in revenue to Rs 171.69 crore in FY26 compared with FY25. The counter rose 1.83% to settle at Rs 224.95 on the BSE. First Published: Aug 22 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sebi has proposed tighter advertising norms for online bond platform providers, including restrictions on promotional claims that could encourage investors to make decisions without adequate due diligence. The proposed revised advertisement code seeks to address the growing use of digital advertising, social media and influencer-led promotions by online bond platforms, according to a consultation paper issued by the regulator on Friday. The regulator has proposed restrictions on advertisements that use urgency, behavioural prompts, and fear-of-missing-out messaging, which may encourage investors to act without adequate due diligence. The regulator has also proposed guidelines governing the use of terms such as "fixed returns", "predictable returns" and "passive income" to ensure such descriptions do not create an impression of assured returns. The market watchdog has also proposed restrictions on vague promotional claims such as "high yield", "high rated" and "high returns" that are not adequately substantiated. The proposed code would operate alongside a common advertisement code applicable to specified SEBI-regulated entities. The Securities and Exchange Board of India (Sebi) has invited comments from stakeholders on the consultation paper by September 11. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 22 2026 | 6:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
B.R.Goyal Infrastructure announced that it has received a work order worth Rs 151.06 crore from the National Highways Authority of India (NHAI) for engagement of a user fee agency through e-Tender at Jajau Fee Plaza in Madhya Pradesh. The accepted value of the work order is Rs 151.06 crore and the order is to be executed over a period of one year. The company stated that the order does not constitute a related-party transaction. It further clarified that neither the promoters nor members of the promoter group have any interest in the order. B.R.Goyal Infrastructure is engaged in constructing infrastructure projects such as roads, highways, bridges, and buildings. For FY26, the company's consolidated net profit surged 78% year-on-year to Rs 44.82 crore, while net sales increased 13.4% to Rs 820.32 crore compared with FY25. The counter slipped 3.32% to end at Rs 191.60 on the BSE. First Published: Aug 22 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market regulator Sebi is reviewing the framework for monitoring and disclosing utilisation of issue proceeds to improve timely disclosures and streamline the compliance process, Sebi Chairman Tuhin Kanta Pandey said on Saturday. Addressing the Institute of Directors' Annual Directors' Conclave 2026, Pandey said transparency is not merely about the volume of information disclosed by a company but about whether the information helps investors understand what matters. "We are reviewing the framework for monitoring and disclosure of utilisation of issue proceeds, with the objective of improving timely disclosures and streamlining the compliance process," Pandey said. He said a company making a disclosure does not necessarily mean it has become transparent. "True transparency is not the volume of information. It is the quality, timeliness and usefulness of information," the Sebi chairman said. Pandey said the regulator has progressively strengthened the framework for disclosure of material events and information, with materiality thresholds and specified timelines aimed at bringing greater consistency and timeliness to disclosures. He also said Sebi proposes to further clarify the framework governing related-party transactions. "We propose to further clarify the framework on related-party transactions, so that the requirements are clear and workable for issuers while retaining the necessary safeguards for investors," Pandey said. On regulatory compliance, Pandey said good governance also requires regulation to remain proportionate and avoid unnecessary duplication. Sebi is proposing a framework to avoid duplication of fines levied by multiple exchanges on entities listed on more than one exchange for the same matter, he added. "The objective is to make regulation more efficient while preserving its purpose," Pandey said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 22 2026 | 4:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mamata Machinery said that the company has been granted a patent in India for the technology used in its Quadra 600 machine. In a regulatory filing made post market hours on Friday, the company announced that the Indian Patent Office (Intellectual Property India) has issued the grant order for Mamata Machinery's patent application relating to the production of 4-up BOPP bags on the companys Quadra 600 machine. With this grant, Mamata further strengthens the intellectual property protecting its converting machines and adds to a patent portfolio that reflects its continued focus on product innovation. Mamata Machinery Limited is a leading global provider of total flexible packaging machinery solutions, offering a comprehensive range of products across the value-chain, from co-extrusion to converting and advanced packaging machinery. The company had reported a consolidated net loss of Rs 3.47 crore in the quarter ended June 2026 as against net profit of Rs 2.65 crore during the previous quarter ended June 2025. Revenue declined 6.16% to Rs 36.28 crore in Q1 FY27 over Q1 FY26. The scrip had advanced 3.69% to end at Rs 419.70 on the BSE on Friday. First Published: Aug 22 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hyundai Motor India (HMIL) said that Crisil Ratings has reaffirmed its 'Crisil AAA/Stable/Crisil A1+' ratings on the bank facilities and short-term debt of the company. Crisil Ratings stated that the ratings continues to reflect the companys established position in domestic and overseas passenger car markets, robust financial risk profile and strong liquidity. The factors also factor in the strong support from the parent, Hyundai Motor Company (HMC). In fiscal 2026, HMILs overall volume marginally increased by 2% on account of improved business volumes, particularly during the second half of the fiscal year, on the back of goods and services tax (GST) rate rationalisation in September. As a result, revenue of HMIL increased to Rs 70,763 crore in fiscal 2026 from Rs 69,193 crore in fiscal 2025. Sustained volume offtake supported by new model launches, especially in the sports utility vehicle (SUV) segment, along with moderate price hikes is expected to support volume growth in fiscal 2027, with revenues expected above Rs 75,000 crore. Operating profitability moderated to 11.7% in fiscal 2026 from 12.6% in fiscal 2025 owing to input cost pressures. With sustained volume growth improving the product mix and calibrated price hikes, HMIL is expected to sustain the operating margin at healthy levels over the near to medium term. The financial risk profile remains robust, supported by negligible debt and strong liquidity driven by annual cash accrual, with sizeable cash surplus and bank balance (Rs 10,552 crore as on 31 March 2026). Capital expenditure (capex) spend in fiscal 2026 was largely met through available surplus and annual cash accrual. These strengths are partially offset by susceptibility to intense competition in the domestic passenger vehicle (PV) industry and fluctuations in foreign exchange (forex) rates. Hyundai Motor India (HMIL) is the fourth-largest player in the Indian passenger vehicle (PV) industry and the second-largest exporter of PVs. The company has access to Hyundai Motor Company's (HMC's) technology and large product portfolio and pays royalty to the parent on both domestic and overseas sales. The scrip had shed 0.14% to end at Rs 2219 on the BSE on Friday. First Published: Aug 22 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 22 2026 | 1:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India and Mauritius have deepened their energy partnership with a five-year agreement under which Indian Oil Corporation will supply the island nation's entire import requirement of petrol, diesel and aviation turbine fuel, strengthening New Delhi's role as a key energy-security partner in the Indian Ocean. The agreement was exchanged during Petroleum Minister Hardeep Singh Puri's official visit to Mauritius on August 20-21, alongside a government-to-government memorandum of understanding (MoU) to expand cooperation in oil and gas, including petroleum product supplies, training and capacity building, and biofuels. The long-term sales and purchase agreement between IOC and Mauritius' State Trading Corporation is designed to provide Mauritius with assured supplies and reduce its exposure to price volatility, an official statement said. This, it said, was the first long-term supply agreement concluded by an Indian public-sector oil marketing company outside South Asia in recent years. Under the pact, "IOC will supply the entire import requirement of Mauritius of motor spirit (petrol), high speed diesel (diesel) and aviation turbine fuel (ATF)." The agreement comes as countries seek to strengthen energy security against disruptions in global fuel markets, particularly amid continuing instability in the West Asia region. India, which has emerged as a major refining hub, produces about 267 million tonne of refined petroleum products annually from 23 refineries and is a net exporter of refined fuels. It already supplies petroleum products to neighbouring Nepal and Bhutan and exports significant volumes to other markets in the region and beyond. The ministry said India continued to meet its supply commitments to Nepal and Bhutan even during the ongoing West Asia crisis, underscoring its position as a reliable supplier to the region. "The agreement with Mauritius positions India as the country's anchor fuel supplier and strengthens India's strategic and economic footprint in the Indian Ocean region," the statement said. The pact also institutionalised the broader energy relationship between India and Mauritius, with the MoU providing a framework for cooperation across conventional fuels and emerging areas such as biofuels. Puri met Mauritius Prime Minister Navinchandra Ramgoolam on August 20, with the two sides exchanging the oil and gas MoU and witnessing the IOC-STC agreement. During the visit, Puri also held meetings with Energy and Public Utilities Minister Patrick Gervais Assirvaden, Commerce and Consumer Protection Minister John Michael Tzoun Sao Yeung Sik Yuen, and Foreign Affairs, Regional Integration and International Trade Minister Dhananjay Ramful. Puri and Assirvaden also participated in a groundbreaking ceremony for India Oil (Mauritius) Ltd's 27,500-tonne marine bunker fuel storage facility at Mer Rouge in Port Louis. The facility is expected to strengthen Mauritius' marine fuel infrastructure and further expand India's presence in the island nation's energy supply chain. The oil and gas MoU also provides for cooperation in biofuels through exchanges of knowledge, research and training. Mauritius is a founding member of the Global Biofuels Alliance (GBA), an initiative piloted by India and launched during New Delhi's G20 presidency. As part of its country engagement programme, the GBA Secretariat has partnered with Mauritius' Ministry of Energy and Public Utilities to develop a Biofuels Country Landscape Policy framework for the country. Puri and Assirvaden jointly witnessed the launch of the framework on August 21, marking a step towards exploring the role of biofuels in Mauritius' energy transition. The agreements broaden India's role in Mauritius beyond individual fuel shipments to a longer-term partnership covering supply security, infrastructure, capacity building and alternative fuels, as New Delhi seeks to expand its energy and economic engagement across the Indian Ocean region. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 22 2026 | 12:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Federal Bank announced that its board has approved a proposal to raise up to $ 500 million through the issuance of foreign currency-denominated bonds via its IFSC Banking Unit (IBU) at GIFT City. The bank said details of each tranche, as required under the applicable SEBI regulations, will be disclosed after the respective board or committee approves the issuance. Federal Bank operates through four segments: treasury, corporate or wholesale banking, retail banking, and other banking operations. As of 30th June 2026, it had 1,650 banking outlets and 2,135 ATMs/recyclers, including mobile ATMs. The bank's standalone net profit jumped 36.57% year-on-year (YoY) to Rs 1,176.93 crore in Q1 FY27, compared with Rs 861.75 crore in the corresponding quarter last year. Total income increased 6.24% YoY to Rs 8,286.69 crore in Q1 FY27. The scrip advanced 1.19% to end at Rs 360 on Friday, 21 August 2026. First Published: Aug 22 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 21 August 2026 First Published: Aug 22 2026 | 9:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Caplin Point Laboratories announced that the US Food and Drug Administration (USFDA) conducted an unannounced inspection of its subsidiary Caplin Steriles' injectable and ophthalmic manufacturing facility in Gummidipoondi, Tamil Nadu. The company said that the observations were procedural in nature and did not pertain to data integrity. It also stated that none of the observations were repeat observations. Caplin Point Laboratories is a fully integrated pharmaceutical company with a strong presence in Latin America. The companys consolidated net profit jumped 18.79% YoY to Rs 176.91 crore in Q1 FY27. Net sales increased 19.63% to Rs 610.36 crore in Q1 FY27 from Rs 510.22 crore in Q1 FY26. The counter increased 1.09% to settle at Rs 2558.10 on Friday, 21 August 2026. First Published: Aug 22 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Aug 22 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 24.25% to Rs 160.64 crore First Published: Aug 22 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 7.10% to Rs 3975.83 crore First Published: Aug 22 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 22 2026 | 12:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Symbiotec Pharmalab Pharma and biotech company Symbiotec Pharmalab Ltd on Friday raised Rs 526 crore from anchor investors days before the opening of its initial public offering (IPO). The company allocated 53.26 lakh equity shares to anchor investors, including HDFC Mutual Fund, ICICI Prudential Mutual Fund and Motilal Oswal Mutual Fund. Shares were allotted at Rs 988 per share, the upper end of its IPO price band, according to a circular uploaded on the BSE website. The anchor round saw participation from foreign portfolio investors, insurance companies, mutual fund houses, an alternative investment fund and an NBFC. Apart from ICICI Prudential Mutual Fund, HDFC Mutual Fund and Motilal Oswal Mutual Fund, other investors included Citigroup Global Markets Mauritius, BNP Paribas Financial Markets, Bajaj Life Insurance, Tata AIA Life Insurance, Mirae Asset, Tata Mutual Fund and Edelweiss Mutual Fund. The company will launch its IPO on August 24 to raise Rs 1,757 crore through a combination of fresh issue and an offer-for-sale. The IPO will close for subscription on August 27. The price band has been fixed at Rs 938-988 per equity share, valuing the company at around Rs 6,350 crore at the upper limit. The issue comprises a fresh issue of equity shares worth up to Rs 150 crore and an OFS component amounting to Rs 1,607 crore. As a part of the OFS, promoter Satwani Holdings LLP and investors Rosewood Investments and India Business Excellence Fund III are set to offload shares. Proceeds of the fresh issue will be used for debt payment and general corporate purposes. The Indore-based Symbiotec is a research and development-driven pharmaceutical and biotechnology company with capabilities across three platforms organic chemistry, biotechnology and complex injectables. It's a global leader in corticosteroid and steroidal-hormone active pharmaceutical ingredients (APIs). The IPO comes amid heightened activity in India's primary market, with several companies tapping investors to raise funds through the public issue route. The company's shares are proposed to be listed on both the BSE and NSE on September 1. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 21 2026 | 9:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Symbiotec Pharmalab Pharma and biotech company Symbiotec Pharmalab Ltd on Friday raised Rs 526 crore from anchor investors days before the opening of its initial public offering (IPO). The company allocated 53.26 lakh equity shares to anchor investors, including HDFC Mutual Fund, ICICI Prudential Mutual Fund and Motilal Oswal Mutual Fund. Shares were allotted at Rs 988 per share, the upper end of its IPO price band, according to a circular uploaded on the BSE website. The anchor round saw participation from foreign portfolio investors, insurance companies, mutual fund houses, an alternative investment fund and an NBFC. Apart from ICICI Prudential Mutual Fund, HDFC Mutual Fund and Motilal Oswal Mutual Fund, other investors included Citigroup Global Markets Mauritius, BNP Paribas Financial Markets, Bajaj Life Insurance, Tata AIA Life Insurance, Mirae Asset, Tata Mutual Fund and Edelweiss Mutual Fund. The company will launch its IPO on August 24 to raise Rs 1,757 crore through a combination of fresh issue and an offer-for-sale. The IPO will close for subscription on August 27. The price band has been fixed at Rs 938-988 per equity share, valuing the company at around Rs 6,350 crore at the upper limit. The issue comprises a fresh issue of equity shares worth up to Rs 150 crore and an OFS component amounting to Rs 1,607 crore. As a part of the OFS, promoter Satwani Holdings LLP and investors Rosewood Investments and India Business Excellence Fund III are set to offload shares. Proceeds of the fresh issue will be used for debt payment and general corporate purposes. The Indore-based Symbiotec is a research and development-driven pharmaceutical and biotechnology company with capabilities across three platforms organic chemistry, biotechnology and complex injectables. It's a global leader in corticosteroid and steroidal-hormone active pharmaceutical ingredients (APIs). The IPO comes amid heightened activity in India's primary market, with several companies tapping investors to raise funds through the public issue route. The company's shares are proposed to be listed on both the BSE and NSE on September 1. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 21 2026 | 9:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Symbiotec Pharmalab Pharma and biotech company Symbiotec Pharmalab Ltd on Friday raised Rs 526 crore from anchor investors days before the opening of its initial public offering (IPO). The company allocated 53.26 lakh equity shares to anchor investors, including HDFC Mutual Fund, ICICI Prudential Mutual Fund and Motilal Oswal Mutual Fund. Shares were allotted at Rs 988 per share, the upper end of its IPO price band, according to a circular uploaded on the BSE website. The anchor round saw participation from foreign portfolio investors, insurance companies, mutual fund houses, an alternative investment fund and an NBFC. Apart from ICICI Prudential Mutual Fund, HDFC Mutual Fund and Motilal Oswal Mutual Fund, other investors included Citigroup Global Markets Mauritius, BNP Paribas Financial Markets, Bajaj Life Insurance, Tata AIA Life Insurance, Mirae Asset, Tata Mutual Fund and Edelweiss Mutual Fund. The company will launch its IPO on August 24 to raise Rs 1,757 crore through a combination of fresh issue and an offer-for-sale. The IPO will close for subscription on August 27. The price band has been fixed at Rs 938-988 per equity share, valuing the company at around Rs 6,350 crore at the upper limit. The issue comprises a fresh issue of equity shares worth up to Rs 150 crore and an OFS component amounting to Rs 1,607 crore. As a part of the OFS, promoter Satwani Holdings LLP and investors Rosewood Investments and India Business Excellence Fund III are set to offload shares. Proceeds of the fresh issue will be used for debt payment and general corporate purposes. The Indore-based Symbiotec is a research and development-driven pharmaceutical and biotechnology company with capabilities across three platforms organic chemistry, biotechnology and complex injectables. It's a global leader in corticosteroid and steroidal-hormone active pharmaceutical ingredients (APIs). The IPO comes amid heightened activity in India's primary market, with several companies tapping investors to raise funds through the public issue route. The company's shares are proposed to be listed on both the BSE and NSE on September 1. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 21 2026 | 9:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Initial public offerings (IPOs) Online Instruments has secured Sebi's approval to raise funds through an initial public offering, an update with the market regulator showed on Friday. The Bengaluru-based Online Instruments had filed its draft papers in May. After this, Sebi issued its observations on August 18, 2026, the data showed. In Sebi's parlance, obtaining observations is equivalent to securing approval to float a public offering. Online Instruments (India) Ltd's maiden public offering will be a fresh issue of equity shares worth Rs 750 crore and an offer for sale of up to 57.10 lakh equity shares by promoters Anita Mahesh Bellad and Rajeshwari Shivanand Mahashetti. The company may also undertake a pre-IPO placement of up to Rs 150 crore. If such placement is completed, the size of the fresh issue will be reduced accordingly. Proceeds from the fresh issue to the extent of Rs 160 crore will be used for repayment or prepayment of certain borrowings, Rs 330 crore for funding working capital requirements, besides supporting inorganic growth through unidentified acquisitions and meeting general corporate purposes, as per the draft papers. Incorporated in 2006, Online Instruments provides audiovisual systems integration (AVSI) solutions. It offers AVSI solutions across use cases such as unified communications and collaboration (UCC), smart conference rooms, auditoriums, network operating command centres, and customer experience centres. The company also manufactures Interactive Flat Panel Displays (IFPDs), LED display products and audiovisual accessories under the 'LOGIC' brand. In addition, it manufactures white-labelled IFPDs for original equipment manufacturers (OEMs) and commercial and architectural lighting products under the Orange Plus brand and operates three manufacturing facilities in Bengaluru. On the financial front, revenue from operations rose to Rs 547.4 crore in FY25 from Rs 335.9 crore in FY23, and net profit increased to Rs 35.3 crore from Rs 15.5 crore during the same period. With respect to the IPO draft papers of Mumbai-based Sunil Gold India Ltd, the latest Sebi update showed "issue withdrawn/returned on August 14, 2026". It could not be immediately ascertained whether the papers have been withdrawn or returned. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 21 2026 | 9:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Initial public offerings (IPOs) Online Instruments has secured Sebi's approval to raise funds through an initial public offering, an update with the market regulator showed on Friday. The Bengaluru-based Online Instruments had filed its draft papers in May. After this, Sebi issued its observations on August 18, 2026, the data showed. In Sebi's parlance, obtaining observations is equivalent to securing approval to float a public offering. Online Instruments (India) Ltd's maiden public offering will be a fresh issue of equity shares worth Rs 750 crore and an offer for sale of up to 57.10 lakh equity shares by promoters Anita Mahesh Bellad and Rajeshwari Shivanand Mahashetti. The company may also undertake a pre-IPO placement of up to Rs 150 crore. If such placement is completed, the size of the fresh issue will be reduced accordingly. Proceeds from the fresh issue to the extent of Rs 160 crore will be used for repayment or prepayment of certain borrowings, Rs 330 crore for funding working capital requirements, besides supporting inorganic growth through unidentified acquisitions and meeting general corporate purposes, as per the draft papers. Incorporated in 2006, Online Instruments provides audiovisual systems integration (AVSI) solutions. It offers AVSI solutions across use cases such as unified communications and collaboration (UCC), smart conference rooms, auditoriums, network operating command centres, and customer experience centres. The company also manufactures Interactive Flat Panel Displays (IFPDs), LED display products and audiovisual accessories under the 'LOGIC' brand. In addition, it manufactures white-labelled IFPDs for original equipment manufacturers (OEMs) and commercial and architectural lighting products under the Orange Plus brand and operates three manufacturing facilities in Bengaluru. On the financial front, revenue from operations rose to Rs 547.4 crore in FY25 from Rs 335.9 crore in FY23, and net profit increased to Rs 35.3 crore from Rs 15.5 crore during the same period. With respect to the IPO draft papers of Mumbai-based Sunil Gold India Ltd, the latest Sebi update showed "issue withdrawn/returned on August 14, 2026". It could not be immediately ascertained whether the papers have been withdrawn or returned. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 21 2026 | 9:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Initial public offerings (IPOs) Online Instruments has secured Sebi's approval to raise funds through an initial public offering, an update with the market regulator showed on Friday. The Bengaluru-based Online Instruments had filed its draft papers in May. After this, Sebi issued its observations on August 18, 2026, the data showed. In Sebi's parlance, obtaining observations is equivalent to securing approval to float a public offering. Online Instruments (India) Ltd's maiden public offering will be a fresh issue of equity shares worth Rs 750 crore and an offer for sale of up to 57.10 lakh equity shares by promoters Anita Mahesh Bellad and Rajeshwari Shivanand Mahashetti. The company may also undertake a pre-IPO placement of up to Rs 150 crore. If such placement is completed, the size of the fresh issue will be reduced accordingly. Proceeds from the fresh issue to the extent of Rs 160 crore will be used for repayment or prepayment of certain borrowings, Rs 330 crore for funding working capital requirements, besides supporting inorganic growth through unidentified acquisitions and meeting general corporate purposes, as per the draft papers. Incorporated in 2006, Online Instruments provides audiovisual systems integration (AVSI) solutions. It offers AVSI solutions across use cases such as unified communications and collaboration (UCC), smart conference rooms, auditoriums, network operating command centres, and customer experience centres. The company also manufactures Interactive Flat Panel Displays (IFPDs), LED display products and audiovisual accessories under the 'LOGIC' brand. In addition, it manufactures white-labelled IFPDs for original equipment manufacturers (OEMs) and commercial and architectural lighting products under the Orange Plus brand and operates three manufacturing facilities in Bengaluru. On the financial front, revenue from operations rose to Rs 547.4 crore in FY25 from Rs 335.9 crore in FY23, and net profit increased to Rs 35.3 crore from Rs 15.5 crore during the same period. With respect to the IPO draft papers of Mumbai-based Sunil Gold India Ltd, the latest Sebi update showed "issue withdrawn/returned on August 14, 2026". It could not be immediately ascertained whether the papers have been withdrawn or returned. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 21 2026 | 9:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 21 2026 | 9:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 21 2026 | 7:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 21 2026 | 7:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 21 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 21 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company could offset about 80 per cent of the inflation on the back of high single to low double digit price hikes This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SBI Chairman Challa Sreenivasulu Setty First Published: Aug 21 2026 | 6:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SBI Chairman Challa Sreenivasulu Setty First Published: Aug 21 2026 | 6:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SBI Chairman Challa Sreenivasulu Setty First Published: Aug 21 2026 | 6:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 21 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 21 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 21 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 105.94% to Rs 65.55 crore First Published: Aug 21 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 38.12% to Rs 3090.63 crore First Published: Aug 21 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 12.27% to Rs 3.66 crore First Published: Aug 21 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 19.57% to Rs 23023.46 crore First Published: Aug 21 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 95.85% to Rs 0.08 crore First Published: Aug 21 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Technical view on IFCI, ACE: Mayank Jain of Share.Market by PhonePe highlights the formation of 'Bullish Flag & Pole' chart pattern on these 2 stocks. First Published: Aug 21 2026 | 9:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 21 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The authorised officials of the company are presently in Germany for business meetings for finalising technologies for the company's operations. First Published: Aug 21 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Post allotment, the paid up equity share capital has increased to Rs 11,88,91,812 consisting of 5,94,45,906 equity shares of Rs 2 each. First Published: Aug 21 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bandhan Bank, Manappuram Finance and SAIL barred from fresh F&O positions on 21 August 2026. Stocks to Watch: Sugar stocks will be in focus after the government allowed duty-free imports of 1 million metric tonnes of raw sugar until 31 October 2026, facilitating additional supplies into the domestic market ahead of the upcoming festival season. Manipal Health Enterprises reported 7.48% decline in consolidataed net profit to Rs 231.65 crore in Q1 FY27 compared with Rs 250.37 crore in Q1 FY26. Revenue from operations increased 38.12% YoY to Rs 3,090.63 crore in Q1 FY27. Saatvik Green Energys material subsidiary, Saatvik Solar Industries has received and accepted an order aggregating to Rs 190 crore from one renowned Independent Power producer/EPC Player for the supply of Solar PV Modules. Krishna Institute of Medical Sciences (KIMS) has entered into an Operations and Management Agreement (the O & M agreement) with Aurevia Hospitals for intial term of 5 years with an extension for a further period of 5 years on an exclusive basis, to run, manage, operate, direct and control the Arete Hospitals. RailTel Corporation of India has received the work order from Western Coalfields to esabliish of MPLS VPN network on rental basis for period of 60 month. Lemom Tree Hotels launched Lemon Tree Hotel, Bharuchin Gujarat, marking the Groups 12th operational hotel, with 20 hotels in the pipeline across the state. Torrent Powers chief financial officer (CFO), Saurabh Mashruwala has resigned effective from 20 August 2026. Vikas Poddar has been appointed as the companys new CFO with effect from 21 August 2026. Rallis Indias chief financial officer (CFO) Bhaskar Swaminathan will resign from the position effective November 4, 2026, to join another Tata Group company. Shridhar Radhakrishnan will succeed him as CFO, effective the same date. First Published: Aug 21 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 21 2026 | 8:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shakti Pumps (India) announced that it has invested Rs 5 crore in its wholly owned subsidiary, Shakti EV Mobility, to initiate and expand its business operations. The company subscribed to 50 lakh equity shares of Shakti EV Mobility, having a face value of Rs 10 each. Following the latest investment, Shakti Pumps total investment in the subsidiary stands at Rs 75 crore. Shakti Pumps (India) manufactures pumps, motors, VFDs, inverters and related spare parts. Its product portfolio includes engineered pumps, industrial pumps and solar pumps. The company's consolidated net profit declined 46.72% to Rs 51.59 crore in the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 96.83 crore in the corresponding quarter last year. Revenue from operations jumped 37.9% year-on-year (YoY) to Rs 858.67 crore in Q1 FY27. The scrip jumped 2.76% to settle at Rs 506 on Thursday, 21 Friday 2026. First Published: Aug 21 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Most Asian share indices were heading for weekly falls on Friday as stress in global bond markets showed little sign of abating, while a diplomatic deadlock in the Gulf lifted oil prices to one-month highs and kept inflation risks to the fore. Yields on US Treasuries had resumed their climb after Wednesday's surprise intervention by Treasury brought barely a day of relief from selling. The rise came even as US Treasury Secretary Scott Bessent said he could further increase the government's repurchases of Treasuries, and floated the idea of fiscal ?consolidation. Analysts were sceptical he could find enough spending cuts to seriously curb a budget deficit of more than 6 per cent of gross domestic product, with interest charges alone this year running at $1.2 trillion. "Historically, markets have pushed back when they believe fundamentals - like record debt level and historically large deficits - are on their side, and further interventions could become too costly to bear," cautioned Steven Zeng, a strategist at Deutsche Bank. "There is also the potential cost to Treasury's institutional credibility if its activist approach erodes some of the goodwill and benefits that have been built over the years by adhering to a regular and predictable framework," he added. Investors showed their scepticism by nudging 30-year bond yields back up to 5.25 per cent, while the 10-year hit 4.71 per cent. Markets assume 5.30 per cent is now a pain threshold for Treasury, much like the 160.00 yen level has become for Japanese policymakers. Higher yields lift debt costs globally, just as tech giants are borrowing heavily to fund AI capex, while raising the discount on corporate earnings and challenging stock valuations. The strain was evident in the Nikkei which slipped 0.8 per cent, bringing losses for the week so far ?to 4.4 per cent. South Korea and Taiwan both edged higher, but again were down on the week. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5 per cent. In Europe, EUROSTOXX 50 futures and DAX futures were a fraction lower, while FTSE futures dipped 0.1 per cent. On Wall Street, a bumper earnings season has provided some support with S&P 500 futures up 0.1 per cent, while Nasdaq futures gained 0.2 per cent. The entire AI trade faces a huge hurdle next week when Nvidia reports, with much riding on its outlook for infrastructure demand and data centre revenue. Walmart on Thursday showed what happens when high expectations are disappointed, sliding 9 per cent on a sales miss. WARFARE AND DEBASEMENT Bessent also made news by expanding on President Donald Trump's pledge of economic warfare against Iran, saying the US would impose "the toughest sanctions in history" on the country. The threats further dimmed hopes for a deal that would fully open the vital Strait of Hormuz and pushed Brent to a one-month top of $94.71, before profit-taking set in. Brent futures were last off 0.7 per cent at $93.12 a barrel, but ?still up more than 5 per cent for the week, while US crude eased 0.7 per cent to $86.18 a barrel. [O/R] In currency markets, the dollar was nursing broad losses for the week amid worries ever-growing US debt and policy uncertainties will erode the purchasing power of the currency, driving investors to scarce assets including gold. The yellow metal was steady at $4,513 an ounce, ?having climbed 3.1 per cent for the week so far. [GOL/] "The dollar has come under renewed pressure, in part due to a resurgent 'debasement' narrative," said Jonas Goltermann, chief markets economist at Capital ?Economics. "While we continue to think such concerns are somewhat overblown, and that the economic backdrop overall will point to a stronger dollar over the coming months, continued surprises from US policymakers may well matter more in the near term." The dollar index was off almost 0.9 per cent for the week at 98.802, having hit ?a three-month trough overnight. The euro was up 1.0 per cent on the week at $1.1686, after touching a 14-week peak. The dollar fared better on the yen, which has plenty of problems of its own, and held at 159.07. Data showed Japan's core consumer inflation accelerated in July as firms passed on rising import costs, adding to the ?case for a September rate hike from the Bank of Japan. Markets, however, are already priced for a quarter-point rise to 1.25 per cent and would really like a commitment to faster and more aggressive tightening from policy makers. (Reporting by Wayne Cole;Editing by Shri Navaratnam) (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 21 2026 | 8:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US West Texas Intermediate crude futures for September gained $2, or 2.3%, at $87.83 a barrel, also the highest level since July 24 Oil prices jumped more than 2 per cent on Thursday to settle at the highest in nearly a month, after US President Donald Trump warned of retaliation against nations supporting Iran, his latest attempt to resolve a war that has stranded millions of barrels of Middle Eastern oil. Brent crude futures settled up $2.16, or 2.4 per cent, at $93.78 a ?barrel, the highest since July 24. US West Texas Intermediate crude futures for September gained $2, or 2.3 per cent, at $87.83 a barrel, also the highest level since July 24. On Wednesday evening, Trump threatened "economic warfare and isolation on an unprecedented scale" against Tehran, warning of consequences for any country that provided "any type of lifeline to Iran". US Treasury Secretary Scott Bessent said he would hold a press conference on Monday "to talk about exactly what we're going to do." Thousands of people have been killed in the Iran war, which began on February 28 when the US and Israel launched military strikes on Iran. Since then, Tehran's blockade of the Strait of Hormuz and Iranian attacks on energy facilities across the Middle East ?have sharply disrupted the flow of oil and gas to other parts of the world. "For now, these new threats appear unlikely to sway Iran into relinquishing their primary source of leverage, that being control of the Strait, absent major concessions from the US," oil trading advisor Ritterbusch and Associates said in a note. "So, the beat goes on with no resolution in sight that would spur a major decline in oil prices back to levels anywhere close to those prior to the war," Ritterbusch and Associates said. Shipping traffic through the Strait of Hormuz on Wednesday was unchanged from the day before, far below pre-war levels, according to the latest shipping ?data. Prior to the Iran war, shipments equal to about one-fifth of global consumption moved through the waterway. This week, the United Arab Emirates suspended all financial and economic transactions with Iran until further notice, highlighting the ?fraught ties between the major Gulf Arab oil producer and Tehran. The war has also impacted the supply of refined ?fuels and drawn down inventories, with less crude available to refiners. US stockpiles of distillate fuel, including diesel and heating oil, fell last week for a third straight week, the Energy Information Administration said on ?Wednesday. However, crude inventories unexpectedly rose by 4.4 million barrels. [EIA/S] Trump's threats against nations helping Iran could become a sensitive topic in US-China relations, said Alex Hodes, an energy analyst at StoneX, noting that China is the ?largest importer of Iranian crude oil. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 21 2026 | 8:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Short term trend remains weak as MIDCP NIFTY is placed below its 5 and 11 day EMA. Derivative Strategy by HDFC Securities First Published: Aug 21 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch today: Tata Motors, Tata Power, Mankind Pharma, SBI, RailTel First Published: Aug 21 2026 | 8:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Any stocks listing on the BSE main ?board through initial public offerings will also be eligible for fast-track screening FTSE Russell said on Thursday that India's BSE has met the criteria to be an eligible exchange for its equity indices, paving ?the way for BSE-listed stocks to be considered for index inclusion and potentially attracting passive fund flows. Stocks listed on BSE's main board will be assessed for index eligibility from FTSE's March 2027 review, the index provider said. Any stocks listing on the BSE main ?board through initial public offerings will also be eligible for fast-track screening, it added. If a company is listed on both the BSE and the NSE and passes liquidity tests on both exchanges, the NSE-listed security will be selected for index eligibility as the exchange ?has more international institutional investor participation, FTSE Russell said. NSE-listed stocks are ?already eligible for inclusion in FTSE Russell indices. The NSE earlier this month said it would add BSE to its benchmark ?Nifty 50 index, effective September, which analysts at Nuvama said could bring in $695 million of inflows for ?BSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 21 2026 | 7:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex may open slightly higher on Friday. Asian markets were trading mixed following a dismal session on Wall Street. First Published: Aug 21 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy today - Recommendations by Kunal Kamble First Published: Aug 21 2026 | 7:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 11:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities and Exchange Board of India (Sebi) First Published: Aug 20 2026 | 11:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The government on Thursday nudged the industry to utilise free trade agreements (FTAs), focus on value addition, build resilient supply chains, and actively diversify export markets to boost manufacturing and strengthen the country's position in global trade. All trade agreements which India has signed "is a door, but doors, however magnificently crafted, do not open themselves. It is the industry that must walk through them," said Additional Secretary in the Department of Commerce Yashvir Singh. He said the industry should use FTAs to expand market access, attract investment and technology, diversify supply chains, and build manufacturing ecosystems that can withstand global shocks. The ambition is not merely to participate in global manufacturing but to make India a reliable, competitive, and trusted partner in global value chains, he said said at a manufacturing conclave. "I place before this audience five imperatives, not suggestions, but strategic obligations. First, invest in FTA utilisation. Understand the rules of origin requirements. Map your supply chains to qualify for preferential tariffs. The duty savings are real. The competitive advantage is immediate," he said adding "move up the value chain". The share of capital goods in India's export basket has already risen from 13 per cent in 2014 to 19 per cent today, but that trajectory must be accelerated, he said. He also called for building supply chain resilience as China's concentration in upstream materials is a risk for the world. "For India, it is also an opportunity. Invest in critical minerals, in API (Application Programming Interface) manufacturing, in domestic electronic components. Every supply chain we secure is a choke point we neutralise. Fourth, diversify markets actively," Singh said. India's trade pacts with Oman, New Zealand, and Mauritius have opened corridors in the Gulf, Oceania, and East Africa that were earlier inaccessible on preferential terms. "Fifth, engage on standards. The country that rides the technical standards owns the market. India must move from being a standard taker to a standard setter. UPI, ONDC, and BharatNet are early signals of what sovereign standards can achieve," he said adding now industry must build the scale. Let us not be China plus one. Let us be India, the trusted partner, the resilient manufacturer, and the next great engine of global growth". Talking about global uncertainties, he said restrictions on critical minerals are being weaponised, technology choke points are being deliberately engineered and trade is no longer just an economic instrument. "It has become a tool of geographic statecraft. The consequences of this shift are visible most clearly in the global concentration of manufacturing and critical supply chains," Singh said. China today dominates large segments of critical mineral processing and refining, including rare earths, graphite and magnesium. Materials which are foundational to clean energy systems, advanced electronics and defense manufacturing. One country concentration has become the biggest economic security risk of these times, he said. "So the western response, the US Chips Act, the Inflation Reduction Act, the EU's carbon border adjustment mechanism is the most sweeping turnaround state-directed industrial policy in half a century. The era of frictionless, ideology-neutral free trade is over. What has replaced it is what I would call 'Vyaparik Rashtravad' -- commercial nationalism -- where every trade instrument is simultaneously an economic tool and a geopolitical weapon," he said. India offers supply chain sovereignty, resilient, transparent and ethical supply networks and this rests on the country's democratic institutions, enforceable contracts, world-leading digital public infrastructure, young skilled workforce, growing green manufacturing, and access to one of the world's fastest-growing consumer markets, he added. In a separate session, Additional Secretary in the department, Darpan Jain, said FTAs have become important for trade and it is not an option but a necessity. "It has a number of advantages and that include preferential terms, and investments," he said, adding that the eight trade pacts finalised by India in the last few years provide access to markets with a combined GDP of USD 56 trillion, while those countries import goods worth USD 12 trillion. He also said the department has laid out a detailed roadmap to increase awareness about these agreements. Indian Institute of Foreign Trade (IIFT) Vice-Chancellor Rakesh Mohan Joshi said that FTAs have made Indian goods competitive and now industry should tap into these opportunities. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 20 2026 | 10:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 10:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 9:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 9:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 9:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 9:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 9:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 9:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 9:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank First Published: Aug 20 2026 | 9:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank First Published: Aug 20 2026 | 9:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahanagar Gas (MGL) This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahanagar Gas (MGL) This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahanagar Gas (MGL) This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 9:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 9:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 9:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 9:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 9:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 9:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 9:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rohit Jain, Deputy Governor, Reserve Bank of India First Published: Aug 20 2026 | 9:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities and Exchange Board of India (Sebi) First Published: Aug 20 2026 | 8:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Retail sugar prices have climbed about 13 per cent year-on-year to ?52.30 a kg as on August 18, from ?46.34 a year ago, as per consumer affairs ministry data First Published: Aug 20 2026 | 7:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 7:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 7:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
All therapy areas of GSK delivered double-digit growth and outperformed the market during the quarter This article has been processed by AI. It is not an official market report and should not be considered financial advice.
All therapy areas of GSK delivered double-digit growth and outperformed the market during the quarter This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign portfolio investors, FPIs First Published: Aug 20 2026 | 7:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 7:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 7:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 20 2026 | 7:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 7:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 20 2026 | 6:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 6:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 6:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee pared initial gains and settled for the day with gains of just 3 paise at 95.70 against the US dollar on Thursday, as the support from the weaker dollar index was negated by elevated crude oil prices. A weaker US dollar eases some depreciation pressure on the domestic currency but crude oil hovering above USD 90 is likely to keep pressure on India's import bill. The dollar index fell to its lowest level since late May after the US Treasury announced that it would double its buyback operations for longer-dated Treasury bonds, pushing US long-term yields lower and reducing the dollar's yield advantage. Positive gains from local equities also kept rupee supported. . The NIFTY 50 closed up 153.55 points (+0.64%) at 24,231.85, while the BSE SENSEX surged 628.04 points (+0.82%) to end at 77,537.72 First Published: Aug 20 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 7.74 crore shares as against 2.76 crore shares on offer. The issue opened for bidding on 18 August 2026 and it will close on 20 August 2026. The price band of the IPO is fixed between Rs 88 and 93 per share. An investor can bid for a minimum of 160 equity shares and multiples thereof. The IPO comprises fresh issue of equity shares worth up to Rs 274.18 crore and an offer for sale of 1,00,00,000 equity shares aggregating up to Rs 93 crore by Kantilal Kheemraj Jain and Manoj Kantilal Jain. The objectives of the fresh issue include Rs 158 crore for repayment/pre-payment, of certain borrowings, Rs 38 crore for funding working capital requirements, and remaining amount for general corporate purpose. The promoters are Kantilal Kheemraj Jain, Mahavir Kantilal Jain and Manoj Kantilal Jain. The promoters and promoter group hold an aggregate of 11,22,32,400 equity shares, aggregating to 95.48% of the pre-offer issued and paid-up equity share capital. Their post IPO shareholding is expected to be around 69.53%. Shankesh Jewellers is a hand-crafted gold jewellery company operating an asset-light model, with production primarily outsourced to skilled job workers. The company offers a wide range of 22-karat and 18-karat jewellery, including bridal, antique, temple and customized designs, and caters to corporate and non-corporate clients across India. Corporate clients contributed 64.25% of revenue in FY26, while its top five customers accounted for 23.26%, indicating some customer concentration. The company served 418 customers in FY26, including 334 repeat customers, and continues to expand its market presence through B2B jewellery exhibitions. Ahead of the IPO, Shankesh Jewellers on Monday, 17 August 2026, raised Rs 110.15 crore from anchor investors. The board allotted 1.18 crore shares at Rs 93 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 106.68 crore and sales of Rs 1,630.79 crore for the twelve months ended on 31 March 2026. First Published: Aug 20 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 58.04 crore shares as against 54.86 lakh shares on offer. The issue opened for bidding on 18 August 2026 and it will close on 20 August 2026. The price band of the IPO is fixed between Rs 342 and 360 per share. An investor can bid for a minimum of 41 equity shares and multiples thereof. The IPO comprises a fresh issue of equity shares worth up to Rs 1,428 crore and an offer for sale of equity shares aggregating up to Rs 125 crore by Sathishkumar T and Anitha S. The offer consists of both a fresh issue and an offer for sale component (OFS). The fresh issue will include 48,00,034 shares aggregating up to Rs 172.80 crore at the upper price band of Rs 360. OFS includes 30,37,157 shares of Rs 10 aggregating up to Rs 109.3 crore at upper price band of Rs 360. The total number of shares and aggregate amount are 78,37,191 shares aggregating up to Rs 282.14 crore at upper price band of Rs 360. Promoters Vipul Amrutlal Shah and Shefali Shah will offload a part of their stake in the OFS. SPL plans to utilize Rs 112.5 crore towards working capital requirements and the balance towards general corporate purposes. Sunshine Pictures (SPL) is a content production house engaged in creating, producing, marketing and distributing films, TV serials and web series. The company has produced popular films such as Force, Commando, Holiday, Force 2, Commando 2 and The Kerala Story. It currently has multiple projects in production and development, including films and web series scheduled for release in FY27. However, its revenue and profitability remain dependent on the commercial success and audience acceptance of its content, making earnings inherently unpredictable. Ahead of the IPO, Sunshine Pictures on Monday, 11 August 2026, raised Rs 84.64 crore from anchor investors. The board allotted 23.51 lakh shares at Rs 360 each to 9 anchor investors. First Published: Aug 20 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 6.16 crore shares as against 2.53 crore shares on offer. The issue opened for bidding on 19 August 2026 and it will close on 21 August 2026. The price band of the IPO is fixed between Rs 152 and 160 per share. An investor can bid for a minimum of 93 equity shares and multiples thereof. The initial public offer (IPO) consists of a fresh issue to raise Rs 450 through the issuance of 2.96 crore equity shares at the lower band of Rs 152 per share (face value Rs 5 per share) and 2.81 crore equity shares at the upper band of Rs 160 per share. The IPO also comprises an offer for sales (OFS) of Rs 100 crore through the issue of 0.63-0.66 crore equity shares. Among the promoters and group, Ranjit Shah is selling Rs 29.35 crore worth of equity shares of the company, Imran Jafer Rs 20 crore and Sudesh Jain Rs 10 crore through OFS. The promoter shareholding in the company will decline to 54.23% post-IPO from 71.03% pre-IPO. The company proposes to utilize Rs 372 crore from the net proceeds of IPOs for investing towards its sponsor commitments to certain existing and new funds and for repayment of the Bridge Loan Amount. The remaining proceeds will be used for general corporate purposes. Within the existing funds towards meeting balance sponsor commitment to Fund IV, the company intends to deploy Rs 2.155 crore in Gaja Capital India Fund 2020 LLP and Rs 35.345 crore in Gaja Capital India Fund 2021 to be deployed over FY2027 and FY2028 and Rs 19.5 crore for the bridge loan repayment. On new funds, the company is in the process of setting up Fund V with the targeted fund size of Rs 2500 crore. It has filed a private placement memorandum application with the SEBI on 10 June 2026. The company intends to contribute Rs 210 crore as Sponsor Commitment to Fund V to be deployed over FY27, FY28 and FY29. Further, the company intends to utilize Rs 105 crore as sponsor commitments to the Secondaries Fund with the targeted funds size of Rs 1250 crore. Gaja Alternative Asset Management is a founder-led Indian alternative asset management company with over two decades of experience, focused on managing India-focused Category I and II AIFs and advising offshore funds. The company follows an alpha-oriented, mid-market investment strategy across sectors such as education, financial services, consumer and digital technology, and earns primarily through management fees, carried interest and sponsor commitment income. It had a sponsor commitment of around Rs 274 crore as of March 2026 and has achieved an average 3.3x MOIC across investments. The company is promoted by Gopal Jain, Ranjit Jayant Shah and Imran Jafar and had 23 permanent employees as of March 2026. Ahead of the IPO, Gaja Alternative Asset Management on Tuesday, 18 August 2026, raised Rs 165 crore from anchor investors. The board allotted 1.03 crore shares at Rs 160 each to 20 anchor investors. The firm reported a consolidated net profit of Rs 81.96 crore and sales of Rs 135.53 crore for the twelve months ended on 31 March 2026. First Published: Aug 20 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 8.99 crore shares as against 1.51 crore shares on offer. The issue opened for bidding on 20 August 2026 and will close on 24 August 2026. The price band of the IPO is fixed between Rs 285 and 300 per share. An investor can bid for a minimum of 50 equity shares and multiples thereof The offer comprises both fresh issue of equity shares of face value of Rs 4 each aggregating up to Rs 95 crore and an offer for sale of up to 18,500,000 equity shares of face value of Rs 4 each. Of the net proceeds, the company intends to use Rs 18.134 crore towards funding certain capital expenditure towards (i) electrical heating solutions and (ii) specialized cable solutions, Rs 55 crore towards prepayment of certain borrowings and balance towards general corporate purposes. Ahead of the IPO, Temsens Instruments (India) on Wednesday, 19 August 2026, raised Rs 194.54 crore from anchor investors. The board allotted 64.84 crore shares at Rs 300 each to 29 anchor investors. The end-user industries include power, steel, oil and gas, cement, chemicals, plastics, automotive, defence and space. In addition, it supply a broad range of OEMs, such as manufacturers in green energy, including wind, solar, fuel cells and battery storage as well as plastic injection moulding machine manufacturers, defence, aerospace companies and other advanced technology sectors. In FY26, the companys revenue mix remained diversified across its product segments, with temperature sensing solutions contributing 44.59% of revenue from operations, followed by specialized cables at 34.71% and electrical heating solutions at 20.70%. From a business model perspective, MRO accounted for 32.45% of FY26 revenue, while the remaining 67.55% was contributed by projects/OEM business. From an end-user industry perspective, petrochemicals constituted the largest revenue contributor at 21.45%, followed by metals (19.68%) and power (12.27%). Defence & nuclear, manufacturing and glass contributed 6.95%, 9.42% and 6.74%, respectively, while plastic, trading and other segments accounted for 3.90%, 9.58% and 9.99%, respectively. The diversified industry mix provides the company with exposure to multiple end markets and reduces dependence on any single sector. The firm reported a consolidated net profit of Rs 71.07 crore and sales of Rs 444.88 crore for the twelve months ended on 31 March 2026. First Published: Aug 20 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Key equity benchmarks staged a strong rebound on Thursday, with the Nifty snapping a seven-session losing streak and reclaiming the 24,200 level, while the Sensex jumped over 600 points. The recovery was supported by easing US Treasury yields after the US Treasury announced plans to double its buybacks of longer-duration government debt, helping steady global bond markets and improve risk appetite. Buying was broad-based, led by IT, financials, realty and media stocks, while the broader market also ended higher. The rupee snapped its three-day losing streak and closed at 95.71 per dollar. Technically, the Nifty faces an immediate hurdle at 24,290-24,320, while 24,130-24,100 remains a crucial support zone. The S&P BSE Sensex surged 628.04 points or 0.82% to 77,537.72. The Nifty 50 index gained 153.55 points or 0.64% to 24,231.85. Over the past four consecutive trading sessions, the Sensex declined 1.49%, while the Nifty fell 2.05% over the past seven consecutive trading sessions. Bharti Airtel (up 1.02%), ICICI Bank (up 0.71%) and HDFC Bank (up 0.70%) boosted the Nifty higher today. The broader market underperformed the frontline indices. The BSE 150 MidCap Index fell 0.53% and the BSE 250 SmallCap Index dropped 0.48%. The market breadth was positive. On the BSE, 2,450 shares rose and 1,874 shares fell. A total of 237 shares were unchanged. Numbers to Track: In the commodities market, Brent crude for October 2026 settlement gained $2.40 or 2.62% to $94.02 a barrel. Oil remains firm as uncertainty over the US-Iran conflict and disruptions to shipping through the Persian Gulf continued to raise concerns over energy supplies and inflation. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.7150 compared with its close of 95.7350 during the previous trading session. The yield on India's 10-year benchmark federal paper was rose 0.73% to 6.862 as compared with 6.812 previous sessions close. MCX Gold futures for 5 October 2026 settlement rose 0.10% to Rs 1,58,151. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.21% to 98.63. The United States 10-year bond yield advanced 0.32% to 4.668. Global Market: European equities traded lower on Thursday as renewed concerns over inflation, elevated oil prices and a hawkish Federal Reserve outlook offset relief from a recovery in global bond markets. Asian equities, meanwhile, ended higher, tracking Wall Street's rebound in the previous session after the US Treasury announced plans to double buyback operations for longer-dated government debt, helping ease pressure on the bond market. The move pushed the 30-year US Treasury yield lower after it had climbed to 5.337%, its highest level since 2007. On Wall Street, the S&P 500 snapped a three-session losing streak on Wednesday, while the Dow Jones Industrial Average and Nasdaq Composite gained around 0.2%, supported by falling longer-dated Treasury yields. However, sentiment remained cautious after minutes of the Federal Reserve's July meeting showed that many policymakers were open to further rate hikes if inflation remains elevated; the Fed had kept its policy rate unchanged at 3.50%-3.75%. Investors will now focus on US weekly jobless claims for fresh clues on labour-market conditions and the outlook for monetary policy. Stocks in Spotlight: Sugar stocks rallied after the government tightened stockholding limits for bulk sugar consumers ahead of the festive season. The government has directed bulk consumers using more than 10 metric tonnes of sugar a month to limit inventories to 15 days from 1 September to 30 November 2026. The measure covers confectionery makers, beverage companies, food processors and other institutional buyers. Balrampur Chini Mills rose 19.55%, Bannari Amman Sugars gained 17.23%, Bajaj Hindusthan Sugar advanced 14.47%, Uttam Sugar climbed 11.70%, Avadh Sugar rose 9.52%, Shree Renuka gained 7.80%, Dhampur Sugar advanced 7.71%, Dalmia Sugar rose 6.84%, Triveni Engineering gained 3.74% and EID Parry advanced 2.95%. Hyundai Motor India added 2.41% after the company announced a price hike of up to 1% across its vehicle portfolio, effective September 2026. Lupin shed 1.06%. The company said that its wholly owned subsidiary VISUfarma B.V. has entered into an exclusive licensing agreement with USA-based Visus Therapeutics Inc. for commercializing 'YUVEZZI' in the European Union, United Kingdom, Switzerland, Norway, and Iceland. YUVEZZI is a proprietary ophthalmic product indicated for the treatment of presbyopia in adults. Lohia Corp fell 3.79%. The company has reported 292% rise in consolidated net profit to Rs 66.3 crore in Q1 FY27 from Rs 16.9 crore in Q1 FY26. Revenue from operations increased by 60% year-on-year (YoY) to Rs 503 crore during the period under review. EMS advanced 1.87%. The company has received the lowest bidder (L-1) status awarded by Public Health Engineering Department, Government of Rajasthan for construction of Water Treatment Plant and other ancillary works in Udaipur District of Rajasthan. The estimated order value is approximately Rs. 222.45 crore. Aditya Infotech hit an upper circuit of 5% after the companys board approved a proposal to raise up to Rs 1,500 crore through the issuance of equity shares via one or more permissible modes. Aditya Birla Capital (ABCL) rallied 3.28% after the company announced its entry into the gold loan business, marking a strategic expansion of its secured lending portfolio. Unicommerce eSolutions added 2.21% after Urban Company's Middle East arm partnered with the company to manage its e-commerce operations in the United Arab Emirates and Saudi Arabia. Glenmark Pharmaceuticals rallied 3.85% after the company announced that it has received approval from the U.S. Food and Drug Administration (USFDA) for Fluticasone Propionate Nasal Spray USP, 0.05 mg/spray. United Spirits added 1.31% after the Food Safety and Standards Authority of India (FSSAI) revoked its 29 June 2026 order concerning the sale of a product manufactured at the company's Baramati unit. Strides Pharma Sciences rallied 3.92% after the company received establishment inspection (EIR) from the US Food and Drug Administration (USFDA), indicating the successful closure of the inspection conducted at the Bengaluru facility. IPO Update: Tempsens Instruments (India) received bids for 8,64,29,250 shares as against 1,51,81,667 shares on offer, according to stock exchange data at 16:36 IST on 20 August 2026. The issue was subscribed 5.69 times. The issue opened for bidding on 19 August 2026 and it will close on 21 August 2026. The price band of the IPO is fixed between Rs 285 and Rs 300 per share. An investor can bid for a minimum of 50 equity shares and multiples thereof. Gaja Alternative Asset Management received bids for 5,97,50,454 shares as against 2,53,28,946 shares on offer, according to stock exchange data at 16:36 IST on 20 August 2026. The issue was subscribed 2.36 times. The issue opened for bidding on 19 August 2026 and will close on 21 August 2026. The price band of the IPO is fixed between Rs 152 and Rs 160 per share. An investor can bid for a minimum of 93 equity shares and multiples thereof. Sunshine Pictures received bids for 57,78,96,517 shares as against 54,86,051 shares on offer, according to stock exchange data at 16:36 IST on 20 August 2026. The issue was subscribed 105.34 times. The issue opened for bidding on 18 August 2026 and will close on 20 August 2026. The price band of the IPO is fixed between Rs 342 and Rs 360 per share. An investor can bid for a minimum of 41 equity shares and multiples thereof. Shankesh Jewellers received bids for 7,65,13,440 shares as against 2,76,37,400 shares on offer, according to stock exchange data at 16:36 IST on 20 August 2026. The issue was subscribed 2.77 times. The issue opened for bidding on 18 August 2026 and will close on 20 August 2026. The price band of the IPO is fixed between Rs 88 and 93 per share. An investor can bid for a minimum of 160 equity shares and multiples thereof. First Published: Aug 20 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India VIX tumbled 6.57% to 10.58. In the cash market, the Nifty 50 index advanced 153.55 points or 0.64% to 24,231.85. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 6.57% to 10.58. HDFC Bank, Tata Consultancy Services and Infosys were the top-traded individual stock futures contracts in the F&O segment of the NSE. The August 2026 F&O contracts will expire on 25 August 2026. First Published: Aug 20 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 4:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 4:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities and Exchange Board of India (Sebi) First Published: Aug 20 2026 | 4:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities and Exchange Board of India (Sebi) First Published: Aug 20 2026 | 4:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As per provisional closing data, the barometer index, the S&P BSE Sensex surged 628.04 points or 0.82% to 77,537.72. The Nifty 50 index gained 153.55 points or 0.64% to 24,231.85. Over the past four consecutive trading sessions, the Sensex declined 1.49%, while the Nifty fell 2.05% over the past seven consecutive trading sessions. The broader market underperformed the frontline indices. The BSE 150 MidCap Index fell 0.53% and the BSE 250 SmallCap Index dropped 0.48%. The market breadth was positive. On the BSE, 2,448 shares rose and 1,876 shares fell. A total of 237 shares were unchanged. In the commodities market, Brent crude for Oct 2026 settlement jumped $2.14 or 2.34% to $93.76 a barrel. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.7175 compared with its close of 95.7350 during the previous trading session. Economy: India's infrastructure output grew 5% year-on-year in June 2026, accelerating from a revised 3.2% increase in May and marking the fastest growth since January. Growth was led by iron ore output, which rose 43.9%, while cement, steel and electricity production also increased. Refinery product output, however, declined 4.7% amid supply disruptions in Persian Gulf energy exports. The data are based on a revised series with 2022-23 as the base year, which expands the core infrastructure basket to nine industries from eight with the inclusion of iron ore. India-Singapore Ministerial Roundtable to be held today: The 4th India-Singapore Ministerial Roundtable will be held in Singapore on 20 August 2026, with Finance Minister Nirmala Sitharaman, External Affairs Minister S. Jaishankar, Commerce and Industry Minister Piyush Goyal and Minister of State Jitin Prasada representing India. The meeting will review ongoing initiatives and explore ways to deepen cooperation in advanced manufacturing, connectivity, digitalisation, healthcare, skills development and sustainability under the India-Singapore Comprehensive Strategic Partnership roadmap. A business roundtable involving key business leaders will also be held alongside the ministerial meeting. IPO Update: Tempsens Instruments (India) received bids for 7,54,43,550 shares as against 1,51,81,667 shares on offer, according to stock exchange data at 15:30 IST on 20 August 2026. The issue was subscribed 4.99 times. The issue opened for bidding on 19 August 2026 and it will close on 21 August 2026. The price band of the IPO is fixed between Rs 285 and Rs 300 per share. An investor can bid for a minimum of 50 equity shares and multiples thereof. Gaja Alternative Asset Management received bids for 5,20,08,018 shares as against 2,53,28,946 shares on offer, according to stock exchange data at 15:30 IST on 20 August 2026. The issue was subscribed 2.05 times. The issue opened for bidding on 19 August 2026 and will close on 21 August 2026. The price band of the IPO is fixed between Rs 152 and Rs 160 per share. An investor can bid for a minimum of 93 equity shares and multiples thereof. Sunshine Pictures received bids for 54,23,73,625 shares as against 54,86,051 shares on offer, according to stock exchange data at 15:30 IST on 20 August 2026. The issue was subscribed 98.86 times. The issue opened for bidding on 18 August 2026 and will close on 20 August 2026. The price band of the IPO is fixed between Rs 342 and Rs 360 per share. An investor can bid for a minimum of 41 equity shares and multiples thereof. Shankesh Jewellers received bids for 6,74,30,240 shares as against 2,76,37,400 shares on offer, according to stock exchange data at 15:30 IST on 20 August 2026. The issue was subscribed 2.44 times. The issue opened for bidding on 18 August 2026 and will close on 20 August 2026. The price band of the IPO is fixed between Rs 88 and 93 per share. An investor can bid for a minimum of 160 equity shares and multiples thereof. Buzzing Index: The Nifty Media index jumped 2.13% to 1,621.40. The index shed 0.91% in the past trading session. Network 18 Media & Investments (up 8.69%), Zee Entertainment Enterprises (up 5.21%), Saregama India (up 2.32%), PVR Inox (up 1.47%), Prime Focus (up 1.36%) and Hathway Cable & Datacom (up 1.05%) advanced. On the other hand, Sun TV Network (down 0.58%), Tips Music (down 0.41%) and D B Corp (down 0.39%) edged lower. Stocks in Spotlight : Lupin shed 0.45%. The company said that its wholly owned subsidiary VISUfarma B.V. has entered into an exclusive licensing agreement with USA-based Visus Therapeutics Inc. for commercializing 'YUVEZZI' in the European Union, United Kingdom, Switzerland, Norway, and Iceland. YUVEZZI is a proprietary ophthalmic product indicated for the treatment of presbyopia in adults. Lohia Corp fell 3.71%. The company has reported 292% rise in consolidated net profit to Rs 66.3 crore in Q1 FY27 from Rs 16.9 crore in Q1 FY26. Revenue from operations increased by 60% year-on-year (YoY) to Rs 503 crore during the period under review. EMS advanced 2.24%. The company has received the lowest bidder (L-1) status awarded by Public Health Engineering Department, Government of Rajasthan for construction of Water Treatment Plant and other ancillary works in Udaipur District of Rajasthan. The estimated order value is approximately Rs. 222.45 crore. Aditya Infotech hit an upper circuit of 5% after the companys board approved a proposal to raise up to Rs 1,500 crore through the issuance of equity shares via one or more permissible modes. Aditya Birla Capital (ABCL) rallied 3.07% after the company announced its entry into the gold loan business, marking a strategic expansion of its secured lending portfolio. Unicommerce eSolutions added 2.25% after Urban Company's Middle East arm partnered with the company to manage its e-commerce operations in the United Arab Emirates and Saudi Arabia. Hyundai Motor India added 2.02% after the company announced a price hike of up to 1% across its vehicle portfolio, effective September 2026. Glenmark Pharmaceuticals rallied 3.73% after the company announced that it has received approval from the U.S. Food and Drug Administration (USFDA) for Fluticasone Propionate Nasal Spray USP, 0.05 mg/spray. United Spirits added 1.39% after the Food Safety and Standards Authority of India (FSSAI) revoked its 29 June 2026 order concerning the sale of a product manufactured at the company's Baramati unit. Strides Pharma Sciences rallied 3.97% after the company received establishment inspection (EIR) from the US Food and Drug Administration (USFDA), indicating the successful closure of the inspection conducted at the Bengaluru facility. Global Markets: European markets declined on Thursday as a hawkish signal from the Federal Reserve and an ongoing maritime slowdown in the Persian Gulf snuffed out an attempted rebound. Meanwhile, Asian markets ended higher on Thursday, tracking a rebound on Wall Street witnessed yesterday. The recovery followed the US Treasury's announcement that it would double the size of its buyback operations for longer-dated government debt, helping ease pressure in the bond market after 30-year Treasury yields hit their highest level since 2007 earlier in the week. Global crude prices, however, remained elevated near $92 a barrel as hopes for a near-term resolution to the US-Iran conflict faded. Stalled talks and uncertainty over crude flows through the Strait of Hormuz continued to fuel concerns that higher energy costs could keep inflation elevated. On Wall Street, the S&P 500 ended a three-session losing streak on Wednesday, while the Dow Jones Industrial Average and Nasdaq Composite also gained around 0.2%. The rebound was supported by the decline in longer-dated Treasury yields following the US Treasury's liquidity-support measures. Investors also digested a hawkish set of minutes from the Federal Reserve's July meeting. The minutes showed that three policymakers had favoured a 25-basis-point rate hike, while several officials said further tightening could be required if inflation remains above the Fed's 2% target. The Fed kept its benchmark rate at 3.50%-3.75% at the 28-29 July meeting. Investors will now watch US weekly jobless claims for fresh clues on the labour market and the outlook for monetary policy. First Published: Aug 20 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
?73 trillion wealth wave: Women prepare to call the investment shots First Published: Aug 20 2026 | 4:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 3:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bond market concerns eased after the US Treasury said it would more than double its purchases of 10-, 20- and 30-year debt in the coming months. The move came after the US 30-year Treasury yield reached its highest level since 2007 earlier this week. Japans 10-year government bond yield also eased to around 2.84%, after touching a 30-year high of 2.95%. Meanwhile, Japans trade deficit widened sharply in July as imports jumped to a record high, mainly due to higher crude oil purchases. Exports remained strong, helped by solid demand for AI-related chips. Among major gainers, Kioxia Holdings rose 6%, SoftBank Group gained 3.1%, Toyota Motor advanced 4.3%, Nintendo climbed 2.4%, and Advantest added 1%. First Published: Aug 20 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rebound came after the Peoples Bank of China kept its key lending rates unchanged. The one-year loan prime rate stayed at 3%, while the five-year rate remained at 3.5%. The move suggests policymakers are taking a cautious approach despite continued economic pressure. Investors are still expecting more support measures, especially after weak July economic data. Premier Li Qiang has also called for faster development of new sources of economic growth. Attention now turns to the National People's Congress Standing Committee meeting on August 2528, where investors will look for further policy signals. Among major stocks, Zijin Mining Group rose 4.55%, BYD gained 2.05%, and Zhongji Innolight added 0.96%. PetroChina fell 1.96%, Kweichow Moutai declined 1.25%, and CATL dropped 1.03%. First Published: Aug 20 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India least favoured: What’s driving fund managers away? Illustration: Binay Sinha First Published: Aug 20 2026 | 3:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vipul Organics jumped 6.89% to Rs 262.95 after the company announced the commencement of commercial production at its greenfield Sayakha facility in Gujarat. The new facility has a designed pigment production capacity of around 3,600 MTPA, with initial production at approximately 1,800 MTPA. This leaves substantial scope for further capacity utilisation and ramp-up. The Sayakha plant is a key capacity expansion for the company. Management had earlier indicated that the facility would significantly increase its pigment manufacturing scale and improve cost competitiveness through larger-scale production and greater integration. The plant is located in Gujarats Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) region and has access to the DelhiMumbai Industrial Corridor and major ports, which should support both domestic distribution and exports. The facility also houses AdiMem Technologies, Vipul Organics membrane technology business. AdiMem has already started commercial sales of reverse osmosis (RO) and ultrafiltration (UF) membranes and is targeting industrial customers in sectors such as chemicals and pharmaceuticals. This gives the Sayakha facility a role beyond pigments and provides the company with an additional diversification opportunity. Vipul P. Shah, managing director, Vipul Organics, said: "The commencement of production at Sayakha is a defining milestone in Vipul Organics' growth journey. This facility has been built to expand our pigment powder capacity, bring our membrane and solvent dyes capabilities under one roof, and give us a strategically located, port-adjacent base from which to serve our customers within the country and across the world. As production stabilises over the coming quarters, we expect Sayakha to be a meaningful contributor to both our capacity and our revenue diversification, and we remain confident of sustaining the growth momentum we built through FY 2025-26 as we scale up this facility through FY 2026-27." Vipul Organics is a specialty chemicals company in the pigments and dyes segment. The company is amongst the foremost manufacturers of pigments, dyestuff, lake colours and pigment intermediaries / fast salts in the country. It has manufacturing facilities in Maharashtra and a greenfield facility in Sayakha, Gujarat, and has a global footprint in over 45 countries. First Published: Aug 20 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 20 2026 | 3:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aster DM Quality Care Ltd, Syrma SGS Technology Ltd, V I P Industries Ltd and Chennai Petroleum Corporation Ltd are among the other losers in the BSE's 'A' group today, 20 August 2026. Aster DM Quality Care Ltd, Syrma SGS Technology Ltd, V I P Industries Ltd and Chennai Petroleum Corporation Ltd are among the other losers in the BSE's 'A' group today, 20 August 2026. Himadri Speciality Chemical Ltd lost 6.18% to Rs 703.9 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 5.19 lakh shares were traded on the counter so far as against the average daily volumes of 2.82 lakh shares in the past one month. Aster DM Quality Care Ltd tumbled 4.79% to Rs 762.35. The stock was the second biggest loser in 'A' group.On the BSE, 3.07 lakh shares were traded on the counter so far as against the average daily volumes of 3.79 lakh shares in the past one month. Syrma SGS Technology Ltd crashed 3.65% to Rs 1437.45. The stock was the third biggest loser in 'A' group.On the BSE, 51803 shares were traded on the counter so far as against the average daily volumes of 1.16 lakh shares in the past one month. V I P Industries Ltd dropped 3.09% to Rs 301.3. The stock was the fourth biggest loser in 'A' group.On the BSE, 58775 shares were traded on the counter so far as against the average daily volumes of 15031 shares in the past one month. Chennai Petroleum Corporation Ltd corrected 2.92% to Rs 1398. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.35 lakh shares were traded on the counter so far as against the average daily volumes of 2.19 lakh shares in the past one month. First Published: Aug 20 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coforge Share First Published: Aug 20 2026 | 2:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The apex court had also sought responses of the Centre and the UGC on three pleas against the 2026 regulations. The Centre on Thursday told the Supreme Court that the 2026 University Grants Commission equity regulations on preventing caste-based discrimination on campuses is under reconsideration. On January 29, the apex court had directed that the University Grants Commission (Promotion of Equity in Higher Education Institutions) Regulations, 2026, be kept in abeyance. The matter came up for hearing on Thursday before a bench comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and V Mohana. "This is the UGC regulation matter. It is under reconsideration," Solicitor General Tushar Mehta told the bench. The bench asked the UGC to file a comprehensive counter affidavit within four weeks. It said petitioners may file rejoinder, if any, within two weeks thereafter. The apex court was hearing a batch of pleas challenging the validity of the 2026 regulations. On January 29, the top court had stayed the 2026 UGC equity regulations, saying the framework was "prima facie vague", can have "very sweeping consequences" and may end up dividing society with a "dangerous impact". The apex court had also sought responses of the Centre and the UGC on three pleas against the 2026 regulations. "In exercise of our powers under Article 142 of the Constitution, we further direct that the University Grants Commission (Promotion of Equity in Higher Education Institutions) Regulations, 2012, will continue to operate and remain in force till further orders," it had said. The 2026 regulations triggered protests at various places, with student groups and organisations demanding its immediate rollback. The top court had flagged concerns with the 2026 regulations and questioned the need for a separate definition of "caste-based discrimination" under regulation 3(1)(c), when regulation 3(1)(e) already provides a broad definition of "discrimination". It had also questioned why ragging had been left out of the scope of the regulations, despite being a common form of harassment within educational institutions. The apex court had said the language of the regulations appeared to be "prima facie vague" and "capable of misuse". Advocate Vishnu Shankar Jain, appearing for one of the petitioners, had assailed Regulation 3(1)(c), which defines caste-based discrimination as discrimination "only on the basis of caste or tribe" against members of SCs, STs, and Other Backward Classes. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 20 2026 | 2:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Infomedia Press Ltd, Incredible Industries Ltd, Sai Capital Ltd and Bodhi Tree Multimedia Ltd are among the other losers in the BSE's 'B' group today, 20 August 2026. Infomedia Press Ltd, Incredible Industries Ltd, Sai Capital Ltd and Bodhi Tree Multimedia Ltd are among the other losers in the BSE's 'B' group today, 20 August 2026. Kamanwala Housing Construction Ltd lost 10.28% to Rs 16.5 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 8722 shares were traded on the counter so far as against the average daily volumes of 10970 shares in the past one month. Infomedia Press Ltd crashed 8.81% to Rs 4.66. The stock was the second biggest loser in 'B' group.On the BSE, 6828 shares were traded on the counter so far as against the average daily volumes of 2406 shares in the past one month. Incredible Industries Ltd tumbled 8.34% to Rs 33.87. The stock was the third biggest loser in 'B' group.On the BSE, 324 shares were traded on the counter so far as against the average daily volumes of 918 shares in the past one month. Sai Capital Ltd pared 7.53% to Rs 145. The stock was the fourth biggest loser in 'B' group.On the BSE, 21 shares were traded on the counter so far as against the average daily volumes of 1752 shares in the past one month. Bodhi Tree Multimedia Ltd plummeted 7.19% to Rs 8. The stock was the fifth biggest loser in 'B' group.On the BSE, 1.39 lakh shares were traded on the counter so far as against the average daily volumes of 1.05 lakh shares in the past one month. First Published: Aug 20 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sugar stocks rallied after the government tightened stockholding limits for bulk sugar consumers ahead of the festive season. The government has directed bulk consumers using more than 10 metric tonnes of sugar a month to limit their inventories to 15 days. The restriction will apply from 1 September to 30 November 2026 and covers large buyers such as confectionery makers, beverage companies, food processors and institutional consumers. The move follows an earlier order that, from 1 August, restricted sugar dealers to holding stocks for a maximum of 30 days and capped inventory at 4,000 quintals. The government said the measures are aimed at curbing hoarding and speculative trading and maintaining orderly supplies. The latest restrictions come as sugar prices have climbed sharply, with wholesale prices reaching record levels. Demand is also expected to strengthen during the August-November festive period, while patchy rainfall and dry weather in key sugarcane-growing regions have raised concerns over production. The sugar market is also being closely watched for the impact of ethanol production. The government is considering limiting the diversion of sugarcane towards ethanol in the 2026-27 season to increase sugar availability, while potentially using more corn and rice to meet its 20% ethanol-blending target. The supply outlook has also been influenced by developments in Brazil, the world's largest sugar producer. Brazil's cane allocation towards ethanol and adverse weather have raised concerns over sugar availability. The rally in sugar stocks therefore comes against a backdrop of tight domestic supplies, elevated sugar prices and expectations of stronger festive-season demand. First Published: Aug 20 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brahmaputra Infrastructure said it has been declared the lowest bidder (L-1) for a civil construction project worth Rs 78.09 crore in West Bengal. The company is the sole bidder and will execute the project over 18 months from the date of receipt of the Letter of Intent or Letter of Award. The formal Letter of Intent/Letter of Award from the authority is awaited. The project marks the company's first engagement in the pumped storage hydro-power segment and with WBSEDCL. The underground excavation works will provide construction access to the project's underground power house cavern. Brahmaputra Infrastructure operates in the EPC and real estate development sectors, undertaking projects across bridges, highways, flyovers, airports, tunnels, buildings, and mining infrastructure. Brahmaputra Infrastructure's net profit declined 33.42% to Rs 14.78 crore, while net sales fell 11.07% to Rs 91.69 crore in Q4 FY26 as compared with Q4 FY25. Shares of Brahmaputra Infrastructure fell 1.35% to Rs 168.30 on the BSE. First Published: Aug 20 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MMTC Ltd notched up volume of 373.46 lakh shares by 14:14 IST on NSE, a 29.12 fold spurt over two-week average daily volume of 12.82 lakh shares MMTC Ltd notched up volume of 373.46 lakh shares by 14:14 IST on NSE, a 29.12 fold spurt over two-week average daily volume of 12.82 lakh shares. The stock rose 6.68% to Rs.66.30. Volumes stood at 7.03 lakh shares in the last session. Balrampur Chini Mills Ltd witnessed volume of 214.63 lakh shares by 14:14 IST on NSE, a 24.59 times surge over two-week average daily volume of 8.73 lakh shares. The stock increased 13.31% to Rs.737.40. Volumes stood at 16.18 lakh shares in the last session. ACME Solar Holdings Ltd notched up volume of 84.11 lakh shares by 14:14 IST on NSE, a 9.43 fold spurt over two-week average daily volume of 8.92 lakh shares. The stock rose 4.63% to Rs.398.00. Volumes stood at 21.21 lakh shares in the last session. Pfizer Ltd registered volume of 2.81 lakh shares by 14:14 IST on NSE, a 4.55 fold spurt over two-week average daily volume of 61761 shares. The stock slipped 0.16% to Rs.4,911.50. Volumes stood at 1.6 lakh shares in the last session. First Published: Aug 20 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 20 August 2026 First Published: Aug 20 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aditya Birla Capital's shares rose to the day's peak of ?410.20 on the National Stock Exchange (NSE), up 3.58 per cent from their last closing price of ?396. First Published: Aug 20 2026 | 2:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Titagarh Rail gains 3% as Jefferies sees 5% revenue boost for wagon maker First Published: Aug 20 2026 | 2:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Euro holds over a three-month high against the dollar on Thursday, following a sharp jump in the previous session amid dollar plunge. The dollar index shed close to 1% yesterday after the US Treasury Department stepped in to provide relief to bond markets. The Treasury Department announced that it would at least double the maximum size of its liquidity-support buyback operations for longer-dated nominal securities. The current maximum size of $2 billion per operation will be at least $4 billion per operation. Dollar index slumped by near 1% yesterday and edged below 99 mark Meanwhile, elevated oil prices amid ongoing geopolitical tensions are seen driving inflation and increasing expectations of an ECB rate hike. Currently, EUR/USD is quoting at $1.1702, up 0.14% on the day after adding 0.84% in the previous session, and at a level last seen around mid-May. On the NSE, EUR/INR futures are trading at 111.79, up 0.63% on the day. First Published: Aug 20 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The India-Japan Defence Ministers discussed on deepening maritime security, Make in India defence technology, and expanding strategic trust. Both Ministers signed a Memorandum of Arrangement on Maritime Security Cooperation. The Defence Minister said, India-Japan relationship is rooted in shared democratic values, mutual respect and a long-standing civilisational connect. He said, both nations will celebrate 75 years of diplomatic relations next year. Mr Singh highlighted that the maritime lifelines are facing growing vulnerabilities and the efforts to ensure freedom of navigation, overflight and unimpeded lawful commerce are not just an economic necessity but a strategic imperative. He said, the security of the Indian Ocean and the Pacific Ocean is deeply interlinked. The Minister said, a close alignment between Indias MAHASAGAR vision and Japans Free and Open Indo-Pacific Initiative is more important now than ever before. Recalling the Japan-India Joint Statement issued by the leaders of the two countries in July this year, the two Ministers affirmed their commitment, under their leadership, to further deepen defence cooperation to realise a free and open Indo-Pacific. The two Ministers affirmed that they would strengthen coordination between both sides for the protection of Sea Lines of Communications through mutual visits by naval ships and units, joint exercises, personnel and Subject Matter Expert exchanges and logistical support including use of ports, maintenance and repair facilities. The two Ministers welcomed the steady expansion and deepening of bilateral exercises conducted by Japan and India, including the Japan-India Army exercise Dharma Guardian and the Japan-India Maritime Exercise JAIMEX. They also welcomed the steady progress in coordination for the Japan-India Air Force exercise Veer Guardian 26, scheduled to be held this year. First Published: Aug 20 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vipin Kumar, AVP research at Globe Capital Market First Published: Aug 20 2026 | 2:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDB Financial Services rose 2.43% to Rs 697.65 after a foreign brokerage upgraded the stock to 'overweight' and raised its price target to Rs 850 per share. The brokerage also said the recent correction in the stock has made its valuation attractive and offers significant upside. It expects HDB Financial Services' return on equity (ROE) to increase to 16.8% by FY29 from 14% in FY26. The brokerage expects earnings per share (EPS) to grow at a compound annual growth rate (CAGR) of 26% between FY26 and FY29, compared with flat growth during FY24-FY26. It said the stock's FY28 price-to-book value of 2 times and price-to-earnings multiple of 13 times appear attractive relative to its fundamentals. HDB Financial Services reported its highest-ever quarterly profit after tax of Rs 785 crore in Q1 FY27, up 38.3% from Rs 568 crore in Q1 FY26. Net interest income rose 19.9% YoY to Rs 2,509 crore, while net total income increased 16.8% YoY to Rs 3,185 crore. Pre-provisioning operating profit rose 25% YoY to Rs 1,752 crore in Q1 FY27 from Rs 1,402 crore in the year-ago quarter. HDB Financial Services is a non-deposit-taking NBFC and a subsidiary of HDFC Bank, established in 2007 and classified as an upper-layer NBFC by the RBI. It offers loans to individuals, emerging businesses and micro enterprises through three segments - enterprise lending, asset finance and consumer finance. As of 30 June 2026, the company had 1,710 branches across 1,165 cities and towns. First Published: Aug 20 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
United Breweries Ltd is quoting at Rs 1339.4, down 1.14% on the day as on 13:19 IST on the NSE. The stock tumbled 2.92% in last one year as compared to a 3.36% slide in NIFTY and a 15.05% spurt in the Nifty FMCG index. United Breweries Ltd is down for a fifth straight session today. The stock is quoting at Rs 1339.4, down 1.14% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.68% on the day, quoting at 24241. The Sensex is at 77544.92, up 0.83%.United Breweries Ltd has lost around 4.63% in last one month.Meanwhile, Nifty FMCG index of which United Breweries Ltd is a constituent, has eased around 2.22% in last one month and is currently quoting at 47473.9, up 0.75% on the day. The volume in the stock stood at 42231 shares today, compared to the daily average of 1.44 lakh shares in last one month. The PE of the stock is 103.43 based on TTM earnings ending June 26. First Published: Aug 20 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Power Company Ltd is quoting at Rs 376.7, down 0.58% on the day as on 13:19 IST on the NSE. The stock tumbled 2.92% in last one year as compared to a 3.36% slide in NIFTY and a 10.16% spurt in the Nifty Energy index. Tata Power Company Ltd fell for a fifth straight session today. The stock is quoting at Rs 376.7, down 0.58% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.68% on the day, quoting at 24241. The Sensex is at 77544.92, up 0.83%.Tata Power Company Ltd has eased around 1.25% in last one month.Meanwhile, Nifty Energy index of which Tata Power Company Ltd is a constituent, has eased around 3.49% in last one month and is currently quoting at 38124.45, up 0.21% on the day. The volume in the stock stood at 25.73 lakh shares today, compared to the daily average of 34.01 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 376.45, down 0.41% on the day. Tata Power Company Ltd tumbled 2.92% in last one year as compared to a 3.36% slide in NIFTY and a 10.16% spurt in the Nifty Energy index. The PE of the stock is 137.03 based on TTM earnings ending June 26. First Published: Aug 20 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On 25 August 2026 First Published: Aug 20 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 1:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 1:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lupin said that its wholly owned subsidiary VISUfarma B.V. has entered into an exclusive licensing agreement with USA-based Visus Therapeutics Inc. for commercializing 'YUVEZZI' in the European Union, United Kingdom, Switzerland, Norway, and Iceland. Visus Therapeutics Inc. is a wholly owned subsidiary of Tenpoint Therapeutics Holding, This partnership provides VISUfarma the exclusive rights to undertake regulatory activities, commercialization, marketing, promotion, distribution and sale of YUVEZZI (carbachol and brimonidine tartrate ophthalmic solution), in the licensed territories. YUVEZZI is a proprietary ophthalmic product indicated for the treatment of presbyopia in adults. Under the agreement, VISUfarma will make a strategic investment in Visus. Tenpoint and Visus, individually or collectively, will also be eligible to receive regulatory and commercial milestone payments, as well as tiered royalties based on net sales. Tenpoint is advancing commercialization of YUVEZZI in the United States following its recent U.S. FDA approval. The aforementioned agreement further expands the reach of YUVEZZI through strategic regional partnerships worldwide, and Tenpoint has already submitted an MMA in the UK, via the MHRAs International Recognition Procedure. It will continue to execute its plans for regulatory applications for YUVEZZI in other key regions worldwide. Vinita Gupta, chief executive officer, Lupin, said: "We are delighted to partner with Tenpoint Therapeutics to bring a novel ophthalmic therapy that advances our Specialty Care strategy. Building on the strategic acquisition of VISUfarma, this partnership further strengthens our vision care franchise and expands our presence across key European markets. The addition of YUVEZZI underscores our commitment to broadening access to differentiated therapies, improving patient outcomes, and reinforcing our leadership in eye care across the licensed territories. Lupin is a global pharmaceutical company focused on branded and generic formulations, complex generics, biotechnology products, and active pharmaceutical ingredients across multiple therapeutic segments. The companys consolidated profit after tax stood at Rs 1,415 crore in Q1 FY27, up 16.08% from Rs 1,219.03 crore in Q1 FY26. Net sales rose 33.32% to Rs 8,217.23 crore in Q1 FY27 over Q1 FY26. The scrip rose 0.04% to currently trade at Rs 2220.85 on the BSE. First Published: Aug 20 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dhoot Transmission gains 6% to hit 52-wk high; stock up 70% from IPO price First Published: Aug 20 2026 | 1:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On Thursday, bonds fell as traders reassessed the rate outlook, with the yield on the benchmark 10-year government bond rising as much as 4 basis points to 6.86 per cent First Published: Aug 20 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lohia Corp has reported 292% rise in consolidated net profit to Rs 66.3 crore in Q1 FY27 from Rs 16.9 crore in Q1 FY26. Revenue from operations increased by 60% year-on-year (YoY) to Rs 503 crore during the period under review. Total expenses rose by 42% to Rs 418.3 crore in Q1 FY27 over Q1 FY26. This was primarily due to higher raw material costs (up 65.5% YoY), higher employee expenses (up 12.7% YoY) and higher other expenses (up 31.1% YoY). Profit before tax in Q1 FY27 stood at Rs 91.3 crore, up by 289% from Rs 23.5 crore in Q1 FY26. Total tax outgo for the June'26 quarter was Rs 25 crore, up 278.8% YoY. Lohia Corp is a part of the Lohia group. The company manufactures complete range of machines for producing high-density polyethylene/polypropylene (HDPE/PP) bags. These machines include extrusion lines, winders, circular looms, processing machines, conversion machines and other machines. The scrip fell 2.27% to currently trade at Rs 548.50 on the BSE. First Published: Aug 20 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Minal Industries Ltd, Mysore Petro Chemicals Ltd, Bharat Global Developers Ltd and KJMC Financial Services Ltd are among the other gainers in the BSE's 'B' group today, 20 August 2026. Minal Industries Ltd, Mysore Petro Chemicals Ltd, Bharat Global Developers Ltd and KJMC Financial Services Ltd are among the other gainers in the BSE's 'B' group today, 20 August 2026. Sambandam Spinning Mills Ltd soared 20.00% to Rs 126 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 5092 shares were traded on the counter so far as against the average daily volumes of 412 shares in the past one month. Minal Industries Ltd spiked 20.00% to Rs 2.64. The stock was the second biggest gainer in 'B' group. On the BSE, 81622 shares were traded on the counter so far as against the average daily volumes of 12608 shares in the past one month. Mysore Petro Chemicals Ltd surged 20.00% to Rs 165.97. The stock was the third biggest gainer in 'B' group. On the BSE, 1.01 lakh shares were traded on the counter so far as against the average daily volumes of 5477 shares in the past one month. Bharat Global Developers Ltd spurt 20.00% to Rs 103.15. The stock was the fourth biggest gainer in 'B' group. On the BSE, 1.33 lakh shares were traded on the counter so far as against the average daily volumes of 8785 shares in the past one month. KJMC Financial Services Ltd gained 20.00% to Rs 71.77. The stock was the fifth biggest gainer in 'B' group. On the BSE, 5002 shares were traded on the counter so far as against the average daily volumes of 1269 shares in the past one month. First Published: Aug 20 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 12:30 IST, the barometer index, the S&P BSE Sensex, jumped 523.64 points or 0.41% to 77,432.85. The Nifty 50 index rose 136.55 points or 0.57% to 24,213.10. In the broader market, the BSE 150 MidCap Index added 0.81% and the BSE 250 SmallCap Index rose 0. 81%. The market breadth was positive. On the BSE, 2,495 shares rose and 1,584 shares fell. A total of 251 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 6.18% to 10.62. The Nifty 25 August 2026 futures were trading at 24,290, at a premium of 76.9 points as compared with the spot at 24,213.10. The Nifty option chain for the 25 August 2026 expiry showed a maximum call OI of 137.3 lakh contracts at the 24,500 strike price. A maximum put OI of 207.5 lakh contracts was seen at the 24,200 strike price. Buzzing Index: The Nifty Media index added 1.62% to 1,613.40. The index fell 0.91% in the past trading session. Zee Entertainment Enterprises (up 4.23%), Network 18 Media & Investments (up 1.53%), Prime Focus (up 1.47%), Saregama India (up 1.33%), PVR Inox (up 1.09%) D B Corp (up 0.79%), Nazara Technologies (up 0.55%), Hathway Cable & Datacom (up 0.19%), Tips Music (up 0.05%) rose. Stocks in Spotlight: Aditya Infotech jumped 4.14% after the companys board approved a proposal to raise up to Rs 1,500 crore through the issuance of equity shares via one or more permissible modes. Aditya Birla Capital (ABCL) added 3.73% after the company announced its entry into the gold loan business, marking a strategic expansion of its secured lending portfolio. First Published: Aug 20 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 20 2026 | 12:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 20 2026 | 12:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Silver ETFs surge up to 6% as cooling US yields lift precious metals First Published: Aug 20 2026 | 12:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Balrampur Chini Mills Ltd, Kiri Industries Ltd, Cohance Lifesciences Ltd and Hubtown Ltd are among the other gainers in the BSE's 'A' group today, 20 August 2026. Balrampur Chini Mills Ltd, Kiri Industries Ltd, Cohance Lifesciences Ltd and Hubtown Ltd are among the other gainers in the BSE's 'A' group today, 20 August 2026. Genus Power Infrastructures Ltd surged 9.18% to Rs 337.85 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 6.54 lakh shares were traded on the counter so far as against the average daily volumes of 83493 shares in the past one month. Balrampur Chini Mills Ltd soared 8.63% to Rs 707. The stock was the second biggest gainer in 'A' group. On the BSE, 3.33 lakh shares were traded on the counter so far as against the average daily volumes of 45397 shares in the past one month. Kiri Industries Ltd spiked 7.21% to Rs 462. The stock was the third biggest gainer in 'A' group. On the BSE, 2.13 lakh shares were traded on the counter so far as against the average daily volumes of 18663 shares in the past one month. Cohance Lifesciences Ltd exploded 6.93% to Rs 478.6. The stock was the fourth biggest gainer in 'A' group. On the BSE, 2.52 lakh shares were traded on the counter so far as against the average daily volumes of 2.12 lakh shares in the past one month. Hubtown Ltd gained 6.79% to Rs 192. The stock was the fifth biggest gainer in 'A' group. On the BSE, 19458 shares were traded on the counter so far as against the average daily volumes of 24853 shares in the past one month. First Published: Aug 20 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 395.22 crore shares as against 6.27 crore shares on offer. The qualified institutional buyers' (QIB) portion was subscribed 145.38 times, while the non-institutional investors' (NII) category was subscribed 73.90 times. The retail individual investors' (RII) segment was subscribed 11.81 times, and the employees' portion was subscribed 8.55 times. The issue opened for bidding on 17 August 2026 and closed on 19 August 2026. The price band of the IPO was fixed between Rs 190 and 201 per share. The IPO comprised a fresh issue of equity shares worth up to Rs 1,200 crore and an offer for sale aggregating up to Rs 500 crore by M. Kiran Kumar Jain. The objectives of the fresh issue include Rs 34.5 crore for capital expenditure towards fit-outs, including furniture and fixtures, equipment, IT hardware and software, Rs 998.6 crore for inventory costs for setting up new stores, and the remaining amount for general corporate purposes. Ahead of the IPO, Lalithaa Jewellery on Friday , 14 August 2026, raised Rs 508.19 crore from anchor investors. The board allotted 2.52 crore shares at Rs 201 each to 22 anchor investors. Lalithaa Jewellery Mart is a jewellery retailer operating under the brand name, Lalithaa, offering a diverse range of gold jewellery, silver jewellery, and diamond jewellery across styles, designed to cater to regional preferences of the southern Indian jewellery markets. Gold jewellery remains the companys key revenue driver, contributing 92.33% of revenue in FY26, followed by silver jewellery and articles at 6.63%, while other products contributed the remaining 1.04%. The company operates some of the largest jewellery stores in India, including a 1 lakh sq. ft. store in Vijayawada, along with large-format stores in Somajiguda and Visakhapatnam. Of its 61 stores, 51 stores had an area of more than 5,000 sq. ft., including 39 stores in Tier II and Tier III cities. As of March 31, 2026, it operated 61 stores across 51 cities in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and Puducherry, covering a total operational area of 6.5 lakh sq. ft. The firm reported a consolidated net profit of Rs 1,009.82 crore and sales of Rs 25,023.93 crore for the twelve months ended on 31 March 2026. First Published: Aug 20 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
L&T's Transportation Infrastructure business, in consortium with Japan's Mitsubishi Heavy Industries (MHI), secured a large order to design and build the Automated People Mover (APM) system for Phase 1 of Al Maktoum International Airport in Dubai. The scope of the order includes turnkey delivery of a fully integrated APM system, covering design, construction, supply, testing, commissioning and operational readiness of associated infrastructure and systems. L&T will undertake the design, procurement, delivery and integration of critical APM infrastructure and systems, including guideways, DC traction substations, power distribution, signalling and telecommunications, onboard communication systems, platform screen doors and depot equipment. Al Maktoum International Airport is being developed as a multi-phase project and, upon full completion, is expected to have capacity to handle 260 million passengers and 12 million tonnes of freight annually. Ramkumar S, Executive Vice President & Head Transportation Infrastructure, L&T, said: With challenging execution milestones, advanced technologies and multiple system interfaces including guideway, power supply, state-of-the-art telecom, platform screen doors and depot equipment, this project exemplifies the scale and complexity of integrated APM Rail Systems that L&T is uniquely positioned to deliver. With MHIs proven APM Systems and L&Ts extensive integrated systems experience supported by world-class Engineering Designs Centre, enables us to execute such projects with a strong focus on safety and quality. Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, products and services, operating across diverse domains and multiple geographies. L&T had reported a 14% rise in consolidated net profit to Rs 4,123 crore on a 7% increase in consolidated revenues to Rs 67,942 crore in Q1 FY27 as compared with Q1 FY26. Shares of Larsen & Toubro rose 0.95% to Rs 4,070.05 on the BSE. First Published: Aug 20 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Turtlemint Fintech Solutions jumped 4.01% to Rs 144.50 after a foreign brokerage initiated coverage on the stock with a 'buy' rating and a target price of Rs 190. The brokerage expects the company's adjusted EBITDA margin to improve to 10% by FY29 from a loss in FY26. Turtlemint holds a 20% share of the point-of-sales-person (POSP) insurance distribution channel, making it the third-largest player in the segment. The company was listed on the stock exchanges on 29 June 2026. The stock debuted at Rs 136.20, a 10.39% discount to its issue price of Rs 152. The company's IPO was subscribed 1.20 times. The companys consolidated net loss narrowed to Rs 37.78 crore in Q1 FY27 compared with net loss of Rs 46.69 crore recorded in Q1 FY26. Net sales increased 39.71% year on year to Rs 294.08 crore during the quarter. Adjusted EBITDA as a % of revenue improved from -20% in Q1 FY26 to -9% in Q1 FY27. Platform premium rose 49.8% year on year to Rs 1,205 crore in Q1 FY27 from Rs 804 crore in Q1 FY26. Platform premium refers to the total premium and consideration received on insurance policies issued or re-issued by insurers through Turtlemint's platform. Renewal revenue increased 66% during the quarter, indicating continued customer retention on the platform. The company also reported an improvement in operating leverage, with corporate overheads as a percentage of revenue declining to 22% in Q1 FY27 from 30% in Q1 FY26. First Published: Aug 20 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 11:30 IST, the barometer index, the S&P BSE Sensex gained 485.29 points or 0.64% to 77,395.23. The Nifty 50 index jumped 124.25 points or 0.52% to 24,203.05. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.72% and the BSE 250 SmallCap Index rallied 0.80%. The market breadth was strong. On the BSE, 2,498 shares rose and 1,462 shares fell. A total of 268 shares were unchanged. IPO Update: Tempsens Instruments (India) received bids for 2,87,22,900 shares as against 2,53,28,946 shares on offer, according to stock exchange data at 11:30 IST on 20 August 2026. The issue was subscribed 1.89 times. The issue opened for bidding on 19 August 2026 and it will close on 21 August 2026. The price band of the IPO is fixed between Rs 285 and Rs 300 per share. An investor can bid for a minimum of 50 equity shares and multiples thereof. Gaja Alternative Asset Management received bids for 3,39,01,941 shares as against 2,53,28,946 shares on offer, according to stock exchange data at 11:30 IST on 20 August 2026. The issue was subscribed 1.34 times. The issue opened for bidding on 19 August 2026 and will close on 21 August 2026. The price band of the IPO is fixed between Rs 152 and Rs 160 per share. An investor can bid for a minimum of 93 equity shares and multiples thereof. Sunshine Pictures received bids for 17,14,17,966 shares as against 54,86,051 shares on offer, according to stock exchange data at 11:30 IST on 20 August 2026. The issue was subscribed 31.25 times. The issue opened for bidding on 18 August 2026 and will close on 20 August 2026. The price band of the IPO is fixed between Rs 342 and Rs 360 per share. An investor can bid for a minimum of 41 equity shares and multiples thereof. Shankesh Jewellers received bids for 3,26,13,920 shares as against 2,76,37,400 shares on offer, according to stock exchange data at 11:30 IST on 20 August 2026. The issue was subscribed 1.18 times. The issue opened for bidding on 18 August 2026 and will close on 20 August 2026. The price band of the IPO is fixed between Rs 88 and 93 per share. An investor can bid for a minimum of 160 equity shares and multiples thereof. Buzzing Index: The Nifty Media Index gained 1.28% to 1,607.95. The index fell 0.91% in the past trading session. Zee Entertainment Enterprises (up 3.83%), Prime Focus (up 1.61%), Network 18 Media & Investments (up 1.03%), D B Corp (up 0.99%), Saregama India (up 0.59%), Nazara Technologies (up 0.59%), Hathway Cable & Datacom (up 0.48%) and PVR Inox (up 0.42%) advanced. On the other hand, Sun TV Network (down 0.83%) and Tips Music (down 0.26%), edged lower. Stocks in Spotlight: Unicommerce eSolutions advanced 2.40% after Urban Company's Middle East arm partnered with the company to manage its e-commerce operations in the United Arab Emirates and Saudi Arabia. Hyundai Motor India added 1.26% after the company announced a price hike of up to 1% across its vehicle portfolio, effective September 2026. Global Market: Most Asian stock indices traded higher on Thursday, tracking a rebound on Wall Street as a retreat in US Treasury yields improved risk appetite. The recovery followed the US Treasury's announcement that it would double the size of its buyback operations for longer-dated government debt, helping ease pressure in the bond market after 30-year Treasury yields hit their highest level since 2007 earlier in the week. Global crude prices, however, remained elevated near $92 a barrel as hopes for a near-term resolution to the US-Iran conflict faded. Stalled talks and uncertainty over crude flows through the Strait of Hormuz continued to fuel concerns that higher energy costs could keep inflation elevated. On Wall Street, the S&P 500 ended a three-session losing streak on Wednesday, while the Dow Jones Industrial Average and Nasdaq Composite also gained around 0.2%. The rebound was supported by the decline in longer-dated Treasury yields following the US Treasury's liquidity-support measures. Investors also digested a hawkish set of minutes from the Federal Reserve's July meeting. The minutes showed that three policymakers had favoured a 25-basis-point rate hike, while several officials said further tightening could be required if inflation remains above the Fed's 2% target. The Fed kept its benchmark rate at 3.50%-3.75% at the 28-29 July meeting. Investors will now watch US weekly jobless claims for fresh clues on the labour market and the outlook for monetary policy. First Published: Aug 20 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 36.37 crore shares as against 25.13 crore shares on offer. The qualified institutional buyers' (QIB) portion was subscribed 1.85 times, while the non-institutional investors' (NII) category was subscribed 98%. The retail individual investors' (RII) segment was subscribed 96%, and the employees' portion was subscribed 1.42 times. The issue opened for bidding on 17 August 2026 and closed on 19 August 2026. The price band of the IPO was fixed between Rs 57 and 60 per share. The issue comprised only issue of fresh shares of Rs 10 face value aggregating to Rs 2,600 crore. Of the net proceeds from fresh issue, the company intends to use Rs 2,250 crore towards re/pre-payment (in full or part) of certain borrowings availed by the company as well as certain of its wholly owned subsidiaries and balance towards general corporate purposes. Ahead of the IPO, Horizon Industrial Parks on Friday, 14 August 2026, raised Rs 1,167.75 crore from anchor investors. The board allotted 19.46 crore shares at Rs 60 each to 54 anchor investors. Horizon Industrial Parks (HIPL) offers clients Grade A quality fulfillment centers (warehouses), industrial facilities, and in-city centers across the countrys major industrial and consumption hubs. HIPL is the only scaled pure-play industrial and logistics platform offering comprehensive solutions to customers, combining real estate, infrastructure and operational services under one roof. The total network of 58.58 million sq ft comprises 51.67 million sq ft of industrial & logistics parks and 17 in-city centres with an area of 6.91 million sq ft spread across seven cities/metropolitan areas. The firm reported a consolidated net loss of Rs 197.64 crore and sales of Rs 691.38 crore for the twelve months ended on 31 March 2026. First Published: Aug 20 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aditya Infotech jumped 3.68% to Rs 3,429.20 after the company's board approved a proposal to raise up to Rs 1,500 crore through the issuance of equity shares via one or more permissible modes. The board also approved initiating the process for obtaining shareholders approval through a postal ballot. In addition, it approved the constitution of a committee of directors to oversee and undertake necessary actions related to the proposed fund raising, in accordance with applicable laws. Aditya Infotech operates under the CP PLUS brand and offers video security and surveillance products, technologies and solutions for enterprise and consumer segments. The company provides integrated security systems and Security-as-a-Service through its distribution network. The companys consolidated net profit surged 332.48% to Rs 142.2 crore on 89.51% jump in net sales to Rs 1,402.42 crore in Q1 FY27 over Q1 FY26. First Published: Aug 20 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Credent Connect N Care traded at Rs 377.05 on the NSE, a 99.50% premium to the issue price of Rs 189. The counter hit a high of Rs 377.05 and a low of Rs 359.10. About 24.56 lakh shares of the company changed hands at the counter. Credent Connect N Care's IPO was subscribed 142.37 times. The issue opened for bidding on 13 August 2026 and it closed on 17 August 2026. The price band of the IPO was fixed between Rs 179 to Rs 189 per share. The IPO comprised fresh issue of 49,68,000 equity shares. The promoter and promoter group shareholding diluted to 63.67% from 87.52% pre-issue. The company intends to utilize the net proceeds for investment in its wholly-owned subsidiary, Credent Healthcare, to meet its working capital requirement; Investment in its wholly owned subsidiary, Credent Healthcare Private Limited to finance its capital expenditure requirements for machinery; to meet working capital requirements; repayment and/or repayment, in full or part, of borrowing availed by the company and general corporate purposes. Ahead of the IPO, Credent Connect N Care on 12 August 2026, raised Rs 26.53 crore from anchor investors. The board allotted 14.04 lakh shares at Rs 189 per share to 10 anchor investors. Credent Connect N Care is a healthcare services provider offering integrated logistics, workforce, and technology-enabled solutions to diagnostic labs, IVD and pharmaceutical companies, clinics, and other healthcare institutions across India. Its services include home sample collection, phlebotomy teams, laboratory and paramedical staffing, and temperature-controlled, TAT-sensitive logistics for healthcare products and samples. As of March 31, 2026, the company had a total workforce of 6,338 employees across various levels of the organization, including its material subsidiary, Credent Healthcare. The company recorded revenue from operations of Rs 214.16 crore and net profit of Rs 18.45 crore for the period ended 31 March 2026. First Published: Aug 20 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aditya Birla Capital (ABCL) added 2.60% to Rs 407.05 after the company announced that its entry into the gold loan business, marking a strategic expansion of its secured lending portfolio. The Gold Loan offering complements its existing retail and MSME lending franchise of the company's NBFC business. The company has planned a phase-wise rollout of 200-300 dedicated gold loan branches by March 2027 across high-potential markets. Over the next three years, the ABCL-NBFC business aims to establish a network of around 1,000 gold loan branches. The offering will cater to various customers across urban and semi-urban markets, serving existing customers within the Aditya Birla Capital ecosystem and expanding its reach to new customers through an integrated distribution network of physical branches and digital platforms. Aditya Birla Capital-NBFC business ranks among the top five, AAA rated diversified NBFCs in India. It offers a comprehensive suite of secured and unsecured lending solutions tailored for retail, SME, and corporates across four core verticals of personal and consumer loans, unsecured business loans, secured business loans, and corporate/mid-market loans. Rakesh Singh, executive director and CEO - NBFC, Aditya Birla Capital, said: "Gold loans are witnessing strong structural growth in India, and our entry into this segment is a natural extension of our secured lending strategy. In a category where trust is paramount, customers seek transparency, secure handling of their gold, and the confidence that their valuable assets are in safe and trusted hands." Aditya Birla Capital (ABCL) is a listed systemically important, upper layer non-deposit taking non-banking financial company (NBFC-ICC) and the holding company of the financial services businesses. The company provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. The company's consolidated net profit jumped 40.07% to Rs 1174.70 crore on a 28.17% rise in revenue to Rs 12,179.54 crore in Q1 FY27 as compared with Q1 FY26. First Published: Aug 20 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices climbed on Thursday on concerns that the impasse in the US-Israeli war against Iran will continue to disrupt supply from the key West Asian producing region and tighten global supplies. Brent crude futures for October delivery rose 26 cents, or 0.28 per cent, to $91.87 a ?barrel by 0439 GMT, while US West Texas Intermediate crude futures for September added 17 cents to $86 a barrel. The more-active October WTI contract gained 12 cents, or 0.13 per cent, to $89.91. Both Brent and WTI benchmarks gained for a fifth straight session on Thursday, having settled on Wednesday at their highest since July 24. The September WTI contract expires later on Thursday. "Oil prices remained elevated as the market is supported by sporadic attacks in West Asia but lacks fresh momentum without a major escalation," said Hiroyuki Kikukawa, chief strategist of Nissan Securities Investment, a unit of Nissan Securities. "The market is likely to ?maintain a gradual upward trend given uncertainty over peace talks and tensions involving the United Arab Emirates, Oman and Iran," he added. The UAE's decision to suspend all financial and economic transactions with Iran until further notice has refocused the spotlight on fraught ties between the major Gulf Arab oil producer and Iran. On Tuesday, US President Donald Trump said no talks were taking place with Iran and that the Strait of Hormuz was open. Iran, however, said the waterway remained shut. Shipping traffic through the Strait of Hormuz on Wednesday was unchanged from the ?day before as discussions to end the war between the United States and Iran remained deadlocked, according to the latest shipping data. Prior to the war that began on Feb. 28, ?shipments equal to about one-fifth of global consumption moved through the waterway, with current flows far ?below pre-war levels. The war has also impacted the supply of refined fuels and drawn down inventories with less crude available to refiners. US stockpiles of distillate fuel, including diesel and ?heating oil, fell last week for a third week, the Energy Information Administration said on Wednesday. However, crude inventories rose by 4.4 million barrels in the week ended on August 14, compared ?with estimates for a 600,000-barrel draw. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 20 2026 | 11:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Unicommerce eSolutions rose 2.64% to Rs 89.12 after Urban Company's Middle East arm partnered with the company to manage its e-commerce operations in the United Arab Emirates and Saudi Arabia. The partnership expands an existing relationship between the two companies in India, where Urban Company uses Unicommerce's technology for its e-commerce operations. Unicommerce said Uniware will support inventory management, order processing and fulfilment across locations as Urban Company expands in the Middle East. The platform also offers region-specific capabilities, including Arabic-compatible invoices and shipping labels, tax compliance and integrations with regional marketplaces, logistics providers, ERP systems and payment platforms. Unicommerce is am e-commerce enablement Software-as-a-Service (SaaS) platform that enables end-to-end management of e-commerce operations for brands, marketplaces, and logistics service provider firms. It serves more than 8,000 clients across India, Southeast Asia and the Middle East and has over 360 technology and partner integrations across its platforms. On a consolidated basis, Unicommerce eSolutions' net profit rose 20.62% to Rs 4.68 crore while net sales rose 14.33% to Rs 51.37 crore in Q1 June 2026 over Q1 June 2025. First Published: Aug 20 2026 | 11:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indiabulls has allotted 26,60,700 fully paid-up equity shares of face value Rs. 2/- each, to eligible employees upon exercise of employee stock options vested in their favour under 'Indiabulls Limited Employee Stock Option Scheme - 2025'. Consequent to the said allotment, the paid-up equity share capital of the Company stands in creased to Rs. 466,44,08,604 divided into 233,22,04,302 fully paid up equity shares of face value Rs. 2/- each. First Published: Aug 20 2026 | 11:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Goodluck India share price rallies 8% ahead of 2:1 bonus issue ex-date First Published: Aug 20 2026 | 11:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian shares advanced Thursday, tracking Wall Street gains, and South Korea's benchmark Kospi jumped more than 6 per cent. US futures edged higher after the Treasury Department said it would at least double the size of planned purchases of longer-term government debt. That could ease pressure on share prices emanating from the bond market since the purchases would push bond prices higher, helping to bring down yields. The Kospi surged 6.1 per cent to 6,858.91 after sinking 5.8 per cent on Wednesday on renewed selling of shares related to artificial intelligence. Samsung Electronics jumped 9.7 per cent, while memory chipmaker SK Hynix surged 14.1 per cent after the company announced a significant share buyback plan. Japan's Nikkei 225 gained 1.3 per cent to 66,178.26, reversing declines earlier in the week. Japan reported it logged a trade deficit for a third straight month in July, as both imports and exports hit record highs. Shares of OpenAI investor SoftBank Group, a Japanese multinational investment holding firm, added 3.8 per cent. Hong Kong's Hang Seng gained 1.1 per cent to 25,786.32, while the Shanghai Composite index rose 0.3 per cent to 3,905.23. Australia's S&P/ASX 200 was up 0.3 per cent to 9,066.40. Taiwan's Taiex was nearly unchanged and India's Sensex climbed 0.7 per cent. Yields on US government bonds fell after the Treasury Department's announcement on its expanded plans in government debt buybacks. Bond yields fall when bond prices rise in an inverse relation. The move appeared to mollify investors worried over rising yields. On Wednesday, the benchmark S&P 500 climbed 0.2 per cent for its first gain in four days. The Dow Jones Industrial Average added 0.2 per cent and the technology-heavy Nasdaq composite also rose 0.2 per cent. Yields have risen in recent months over growing concerns about inflation stemming from the monthslong war in Iran and ballooning government debt, among other factors. The yield on the US 10-year Treasury fell to nearly 4.64 per cent from 4.71 per cent on Tuesday, although it's still well above its levels from before the start of the war in Iran. The 30-year Treasury yield fell to 5.18 per cent on Thursday, from 5.28 per cent on Tuesday. In Asia, bond yields also eased after the US Treasury's announcement. Japan's 10-year government bond yield fell to around 2.83 per cent from more than 2.89 per cent on Wednesday. It had been trading near 30-year highs. Oil prices rose slightly early Thursday as there was little progress made in US-Iran negotiations over the war. Brent crude, the international standard, gained 0.3 per cent to $91.90 a barrel. It was trading at roughly $72 per barrel before the war. US benchmark crude edged 0.2 per cent higher to $84.57 a barrel. The US dollar rose to 158.60 Japanese yen from 158.16 yen. The euro was trading at $1.1676, down from $1.1677. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 20 2026 | 11:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Syngene International Ltd registered volume of 12.24 lakh shares by 10:46 IST on BSE, a 6.8 fold spurt over two-week average daily volume of 1.80 lakh shares Syngene International Ltd registered volume of 12.24 lakh shares by 10:46 IST on BSE, a 6.8 fold spurt over two-week average daily volume of 1.80 lakh shares. The stock rose 0.03% to Rs.397.20. Volumes stood at 5.27 lakh shares in the last session. ICICI Prudential Asset Management Co Ltd registered volume of 2.22 lakh shares by 10:46 IST on BSE, a 6.47 fold spurt over two-week average daily volume of 34347 shares. The stock slipped 0.03% to Rs.3,261.00. Volumes stood at 92980 shares in the last session. Poonawalla Fincorp Ltd notched up volume of 4.48 lakh shares by 10:46 IST on BSE, a 5.23 fold spurt over two-week average daily volume of 85738 shares. The stock rose 0.77% to Rs.496.35. Volumes stood at 52272 shares in the last session. SBI Cards & Payment Services Ltd witnessed volume of 5.9 lakh shares by 10:46 IST on BSE, a 4.57 times surge over two-week average daily volume of 1.29 lakh shares. The stock increased 4.16% to Rs.652.35. Volumes stood at 5.83 lakh shares in the last session. First Published: Aug 20 2026 | 11:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IndusInd Bank said that Crisil Ratings has revised its outlook on the long-term debt instruments of to 'stable' from 'negative' while reaffirming its rating at 'Crisil AA+'. Further, Crisil Ratings has reaffirmed its 'Crisil A1+ rating on the short-term debt instruments of the bank. Crisil Ratings stated that the revision in outlook factors in the gradual improvement in the earnings profile, stabilisation in the deposit franchise with increasing share of granular deposits, and the strategic shift in lending to relatively stable asset segments. Pre-provisioning profit (PPoP), as a percentage of average assets, has improved to 2.0% for the first quarter of fiscal 2027, as against 1.7% in fiscal 2026. Sustained improvement in profitability remains key monitorable. With respect to the liability franchise, the bank has been reducing its reliance on high-cost deposits and focusing on more granular deposits. As a result, share of average retail deposits stood at 49.5% for the quarter ended June 30, 2026, as against 47.9% in the previous quarter. This has also led to a drop in cost of deposits to 5.95%, from 6.07% for the previous quarter and 6.44% for the corresponding period of the previous fiscal. Sustained growth in retail deposits and improvement in the cost of deposits vis-vis peers remains monitorable for the bank. On the assets side, the bank has adopted a balanced strategy and is focused on building a diversified loan portfolio across retail, SME and corporate loan segments. While it will leverage its strong presence in the vehicle finance and microfinance segments, it will also scale up secured asset classes, including home loans. Further, the SME portfolio is likely to gradually build up and contribute 1015% of the overall loan book over the medium term. The ratings continue to reflect healthy capitalisation of the bank, with a high core equity ratio and adequate pre-provisioning profitability. However, these strengths are partially offset by the banks average asset quality and modest resource profile vis-vis peers. IndusInd Bank is a new-generation private-sector bank. The bank has a pan-India presence, with around 6,560 branches and 2,853 automated teller machines (ATMs) as on 30 June 2026. It also has representative offices in Dubai, Abu Dhabi and London. It has four divisions: corporate and commercial banking, consumer banking, global markets group, and transaction banking. The bank reported a 46.51% year-on-year (YoY) increase in standalone net profit to Rs 1,002.50 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 684.25 crore in the corresponding quarter last year. The lender's total income, however, declined 9.19% YoY to Rs 13,095.30 crore during the quarter. The scrip shed 0.15% to currently trade at Rs 1010.40 on the BSE. First Published: Aug 20 2026 | 11:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investors can visit the MF Central website and choose the MITRA option | Illustration: Binay Sinha First Published: Aug 20 2026 | 10:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 10:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Turtlemint shares up 5% as Jefferies turns bullish on POSP growth outlook First Published: Aug 20 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Glenmark Pharmaceuticals announced that it has received approval from the U.S. Food and Drug Administration (USFDA) for Fluticasone Propionate Nasal Spray USP, 0.05 mg/spray. According to IQVIA sales data for the 12-month period ending June 2026, the Flonase Nasal Spray market recorded annual sales of approximately $295.2 million. Glenmark Pharmaceuticals is engaged in the business of development, manufacturing, and marketing of pharmaceutical products, both formulations and active pharmaceutical ingredients, to regulated and semi-regulated markets. The company reported a 6,381.9% increase in consolidated net profit to Rs 301.41 crore on a 16.8% increase in revenue from operations to Rs 3,760.28 crore in Q4 FY26, compared with Q4 FY25. Shares of Glenmark Pharmaceuticals rose 0.93% to Rs 2,275.90 on the BSE. First Published: Aug 20 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
United Spirits rose 1.05% to Rs 1,540 after the Food Safety and Standards Authority of India (FSSAI) revoked its 29 June 2026 order concerning the sale of a product manufactured at the company's Baramati unit. The original order prohibited the sale of McDowell's No. 1 Rum manufactured at the Baramati unit. FSSAI had taken the action following laboratory findings concerning the use of external artificial or nature-identical flavours in the product. FSSAI had clarified that its action did not constitute a general prohibition on flavouring substances in alcoholic beverages. The regulator's concern was specifically the addition of flavours identical to those associated with the standardised alcoholic beverage, such as rum flavour in rum or whisky flavour in whisky, which it said could mislead consumers about the true nature of the product. United Spirits had challenged the 29 June order before the Bombay High Court through a writ petition filed on 1 August 2026. The company had said the declarations on the product labels complied with the applicable regulatory framework and were consistent with long-standing industry practice. Following the revocation, FSSAI's 29 June order, which was the subject matter of the company's writ petition, stands revoked. United is one of the leading beverage alcohol companies in India. On a consolidated basis, United Spirits' net profit rose 11.03% to Rs 463 crore while net sales declined 10.36% to Rs 2708 crore in Q1 June 2026 over Q1 June 2025. First Published: Aug 20 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The US stocks moved up on Wednesday, as US bond yields retreated following an announcement from the Treasury Department that it would significantly ramp up buybacks of long-dated government debt. The Dow Jones Industrial Average added 119.65 points, or 0.22 percent, to 53,463.05. The S and P 500 added 16.22 points, or 0.21 percent, to 7,707.98. The Nasdaq Composite Index increased by 41.379 points, or 0.16 percent, to 26,331.09. All three indexes snapped a three-day losing streak. Equities gained upward momentum after the U.S. Treasury yields eased from multi-year highs. Bond prices rallied after the Treasury Department announced plans to increase buybacks of long-dated government debt by at least double across securities in the 10-year to 30-year sector. The yield on the benchmark 10-year Treasury note fell by 5 basis points to 4.65 percent, while the 30-year bond yield dipped 9 basis points to 5.19 percent after touching its highest level since 2007 earlier in the week. However, elevated crude oil prices are likely to weigh on market sentiments in near term. Concern about inflation deepened at the Federal Reserve's meeting last month, with "several" policymakers ready to raise interest rates if inflation does not decline to the US central bank's 2% target, the minutes of the meeting showed on Wednesday. First Published: Aug 20 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Transportation Infrastructure business vertical of L&T, in consortium with Japan's Mitsubishi Heavy Industries (MHI), has secured a large order to design and build the Automated People Mover (APM) System for Phase 1 of Al Maktoum International Airport in Dubai. According to the company's project classification, the value of the order ranges between Rs 2,500 crore to Rs 5,000 crore. The project, developed by Dubai Aviation City Corporation and being implemented through Dubai Aviation Engineering Projects, is a key component of the airport's long-term expansion programme designed as a multi-phase development. Once fully developed, Al Maktoum International Airport will become the world's largest airport, with a capacity of 260 million passengers and 12 million tonnes of freight annually. The scope of work for the MHI-L&T consortium encompasses the turnkey delivery of a fully integrated APM System, encompassing design, construction, supply, testing, commissioning and operational readiness of all associated infrastructure and systems. Under the Design-and-Build contract, L&T will undertake the design, procurement, delivery and integration of critical APM infrastructure and systems, including guideways, DC traction substations, power distribution, signalling and telecommunications, onboard communication systems for vehicles, platform screen doors and depot equipment. First Published: Aug 20 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On Wednesday, the rupee stayed almost flat, ending just 1 paisa higher at 95.73 against the US dollar The rupee appreciated 17 paise to 95.56 against the American currency in early trade on Thursday tracking a weak US dollar, after the US Treasury announced that it would double its buyback operations for longer-dated Treasury bonds. Forex traders said the dollar index fell to its lowest level since late May after the US Treasury announced that it would double its buyback operations for longer-dated Treasury bonds, pushing US long-term yields lower and reducing the dollar's yield advantage. Moreover, the dollar is also being weighed down by reduced expectations of further Federal Reserve tightening though the FED policymakers' inflation concerns increased at the July meeting, according to the FED minutes. At the interbank foreign exchange, the rupee opened at 95.57, then rose to 95.56, higher by 17 paise from its previous close. On Wednesday, the rupee stayed almost flat, ending just 1 paisa higher at 95.73 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.82, lower 0.01 per cent. The US Treasury has said that it will at least double how much it buys back in longer-term government bonds, from $2 billion to $4 billion per operation, starting September 9. "Lower long-term yields and concerns around fiscal support can reduce the appeal of dollar assets," CR Forex Advisors MD - Amit Pabari said. Brent crude, the global oil benchmark, was trading higher by 0.32 per cent at $91.91 per barrel in futures trade. "Oil continues to trade above $90 with a nervous edge, keeping pressure on India's import bill. So while a weaker dollar offers some relief to the rupee, elevated oil prices remain a major counterweight," Pabari said. According to Pabari, the immediate support for the rupee is near 95.3095.50. As long as this holds, USD/INR is expected to gradually move towards 96.2096.50, he said. "The weaker dollar may create short-term pauses, but oil and sentiment remain fragile. Dips are therefore likely to be shallow and short-lived rather than a genuine trend reversal," he said. On the domestic market front, Sensex jumped 504.32 points to 77,416.16, while the Nifty was trading up 118.85 points to 24,198.55 in early trade. Foreign institutional investors purchased equities worth Rs 407.99 crore on a net basis on Wednesday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 20 2026 | 10:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Urban Company's Middle East arm has partnered with Unicommerce, one of India's leading AI-powered e-commerce enablement SaaS platforms, to power its e-commerce operations across The Kingdom of Saudi Arabia and The United Arab Emirates. As Urban Company expands its footprint across the Middle East, it will leverage Unicommerce's flagship platform, Uniware to manage its inventory and fulfilment operations that support its at home service ecosystem. The platform will help maintain real-time visibility of inventory, and help intelligently route orders for service kits and consumables to ensure reliable deliveries to service professionals across the region. The partnership builds on a successful relationship between the two companies in India, where Urban Company uses Unicommerce's technology to manage its e-commerce operations. Extending this collaboration to The Middle East will help Urban Company create a more connected operations backbone as it scales across the region's fastest-growing digital markets. First Published: Aug 20 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Source: Strides Pharma Facebook First Published: Aug 20 2026 | 10:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 9:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Radico Khaitan announced the launch of Magic Moments Aam Panna, the newest addition to its highly successful Flavours of India portfolio. With the launch of Aam Panna, the Flavours of India portfolio now brings together some of the country's most iconic flavour inspirations, including Thandaai, Alphonso Mango and Jamun SpicyMint. Flavoured vodka has emerged as one of the strongest growth drivers for the category, accounting for over 75% of vodka volumes in Q1 FY2027, as innovation continues to attract new consumers and encourage experimentation. While vodka accounts for nearly 28-30% of global spirits consumption, its share within India's IMFL market was 4.3% in FY2026 and 6.1% in Q1 FY2027, underscoring the significant headroom for long-term category growth. First Published: Aug 20 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The warrants shall be convertible into equity shares of the Company within a period of 18 (Eighteen) months from the date of allotment of the warrants. First Published: Aug 20 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 20 2026 | 9:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Glenmark Pharmaceuticals (Glenmark) today announced the receipt of U.S. FDA approval for Fluticasone Propionate Nasal Spray USP, 0.05 mg/spray. Glenmark's Fluticasone Propionate Nasal Spray USP is bioequivalent and therapeutically equivalent to the reference listed drug, Flonase2 Nasal Spray, 0.05 mg/spray of Haleon US Holdings LLC [NDA 020121] and will be distributed in the U.S. by Glenmark Pharmaceuticals Inc., USA. According to IQVIA sales data for the 12-month period ending June 2026, the Flonase Nasal Spray market achieved annual sales of approximately $295.2 million. First Published: Aug 20 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bandhan Bank, Manappuram Finance and SAIL barred from fresh F&O positions on 20 August 2026. Stocks to Watch: Aditya Infotechs board approved raising funds through the issuance of securities via one or more permissible modes, including public issue(s) and qualified institutions placement (QIP), subject to necessary shareholder and regulatory approvals. HDFC Life Insurance Company announced said the Insurance Regulatory and Development Authority of India (IRDAI) has approved the reappointment of Vibha Padalkar as managing director and chief executive officer for a further five-year term, effective 12 September 2026. Hyundai Motor India has planned to increase the prices of its vehicles by up to 1% across its portfolio, effective September 2026. The quantum of increase will vary depending on the model and variant. Kolte-Patil Developers announced that its board has approved the appointment of Hrishikesh Parandekar as chief executive officer (CEO) with effect from 24 August 2026. Fedbank Financial Services board is scheduled to meet on Tuesday, 25 August 2026, to consider raising funds by debt instruments including non-convertible debentures (NCDs) (either Indian currency / foreign currency) not exceeding Rs 2,500 crore as a part of the proposed increase in the overall borrowing limit. EMS has received the lowest bidder (L-1) status awarded by Public Health Engineering Department, Government of Rajasthan for construction of a 100 MLD Water Treatment Plant and other ancillary works in Kota, Rajasthan. The said contract is valued at Rs 190.86 crore. First Published: Aug 20 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty August 2026 futures were up 35.50 points, indicating a mildly positive start for the Nifty 50. Economy: India's infrastructure output grew 5% year-on-year in June 2026, accelerating from a revised 3.2% increase in May and marking the fastest growth since January. Growth was led by iron ore output, which rose 43.9%, while cement, steel and electricity production also increased. Refinery product output, however, declined 4.7% amid supply disruptions in Persian Gulf energy exports. The data are based on a revised series with 2022-23 as the base year, which expands the core infrastructure basket to nine industries from eight with the inclusion of iron ore. India-Singapore Ministerial Roundtable to be held today: The 4th India-Singapore Ministerial Roundtable will be held in Singapore on 20 August 2026, with Finance Minister Nirmala Sitharaman, External Affairs Minister S. Jaishankar, Commerce and Industry Minister Piyush Goyal and Minister of State Jitin Prasada representing India. The meeting will review ongoing initiatives and explore ways to deepen cooperation in advanced manufacturing, connectivity, digitalisation, healthcare, skills development and sustainability under the India-Singapore Comprehensive Strategic Partnership roadmap. A business roundtable involving key business leaders will also be held alongside the ministerial meeting. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 407.99 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,973.72 crore in the Indian equity market on 19 August 2026, according to provisional data. FPIs bought shares worth Rs 13921.14 crore in August so far, through 19 August 2026. This follows net cash purchases of Rs 6,731.97 crore in July 2026, while they were net sellers of Rs 53,957.90 crore in June 2026. Global Markets: Most Asian stock indices traded higher on Thursday, tracking a rebound on Wall Street as a retreat in US Treasury yields improved risk appetite. The recovery followed the US Treasury's announcement that it would double the size of its buyback operations for longer-dated government debt, helping ease pressure in the bond market after 30-year Treasury yields hit their highest level since 2007 earlier in the week. Global crude prices, however, remained elevated near $92 a barrel as hopes for a near-term resolution to the US-Iran conflict faded. Stalled talks and uncertainty over crude flows through the Strait of Hormuz continued to fuel concerns that higher energy costs could keep inflation elevated. On Wall Street, the S&P 500 ended a three-session losing streak on Wednesday, while the Dow Jones Industrial Average and Nasdaq Composite also gained around 0.2%. The rebound was supported by the decline in longer-dated Treasury yields following the US Treasury's liquidity-support measures. Investors also digested a hawkish set of minutes from the Federal Reserve's July meeting. The minutes showed that three policymakers had favoured a 25-basis-point rate hike, while several officials said further tightening could be required if inflation remains above the Fed's 2% target. The Fed kept its benchmark rate at 3.50%-3.75% at the 28-29 July meeting. Investors will now watch US weekly jobless claims for fresh clues on the labour market and the outlook for monetary policy. Domestic Market: Key benchmark indices extended their losing streak on Wednesday as elevated crude oil prices, higher global bond yields and persistent geopolitical uncertainty kept investors cautious. The Nifty settled below the 24,100 level. The broader market remained under pressure, with both midcap and smallcap indices ending lower. Most sectoral indices closed in the red, led by weakness in defence and energy stocks, while IT shares bucked the trend and gained amid bargain hunting. Brent crude remained elevated near $92 a barrel as uncertainty over the US-Iran conflict and the Strait of Hormuz kept supply concerns in focus. The S&P BSE Sensex dropped 325.78 points or 0.42% to 76,909.68. The Nifty 50 index lost 76.60 points or 0.32% to 24,078.30. The Sensex declined 1.49% in four consecutive trading sessions, while the Nifty fell 2.05% in seven consecutive trading sessions. First Published: Aug 20 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 10.51% to Rs 50.46 crore First Published: Aug 20 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 59.51% to Rs 503.02 crore First Published: Aug 20 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Amar Ambani, Executive Director, Yes Securities First Published: Aug 20 2026 | 8:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Analysts believe the earnings downgrade cycle has bottomed out. Illustration: Ajay Mohanty First Published: Aug 20 2026 | 8:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Venkatesh Balasubramaniam, MD & head of research, JM Financial First Published: Aug 20 2026 | 8:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
S H Kelkar and Company announced that its board has approved the appointment of Ranjeet Agrawal as executive vice president (VP)- sales (India Subcontinent) with effect from 20 August 2026. Ranjeet Agrawal joins Keva as executive vice president sales (India Subcontinent), bringing over 20 years of experience across the fragrance, consumer insights and FMCG industries, with a strong track record in business growth, strategic customer management, sales leadership and general management. Before joining Keva, he was working with Takasago International Corporation as General Manager Fragrance, India & South Asia. Earlier, he worked with CPL Aromas, Springfield Aromatics, International Flavours & Fragrances (IFF), Aditya Birla Retail and Hindustan Unilever (HUL). S H Kelkar and Company is an Indian-origin fragrance and flavour manufacturer. Its products and ingredients are used across personal care, fabric care, skin and hair care, fine fragrances, household products, baked goods, dairy products, beverages and pharmaceuticals. The company markets products under the SHK, Cobra and Keva brands. The companys consolidated net profit jumped 75.99% to Rs 45 crore in Q1 FY27, compared with Rs 25.57 crore in Q1 FY26. Revenue from operations climbed 14.11% YoY to Rs 662.42 crore in Q1 FY27, supported by healthy growth in the Fragrance business and strong performance across geographies in the Flavour segment Shares of S H Kelkar and Company rose 0.47% to settle at Rs 160.10 on Wednesday, 19 August 2026. First Published: Aug 20 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Despite the strong quarter, earnings estimates have seen some moderation | Illustration: Binay Sinha First Published: Aug 20 2026 | 8:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FMCG Q1FY27 review: Marico, Nestlé emerge as top picks as volumes recover First Published: Aug 20 2026 | 8:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: HDFC Bank, Hyundai Motor, BSE, IDFC First Bank, SpiceJet First Published: Aug 20 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mid, smallcaps lead Q1FY27 earnings recovery; is the worst behind? First Published: Aug 20 2026 | 7:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex are expected to open on a positive note as global equities advanced after bond yields declined. First Published: Aug 20 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy today First Published: Aug 20 2026 | 7:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IT sector Q1FY27 review: Tier-2 firms lead revenue growth amid soft demand First Published: Aug 20 2026 | 7:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Why Gaja Alternative IPO stands out among three ongoing public offers First Published: Aug 20 2026 | 7:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
nifty, nifty50 First Published: Aug 20 2026 | 7:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 20 2026 | 12:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 20 2026 | 12:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 11:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 11:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 10:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 10:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 9:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 9:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 9:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 9:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 9:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 9:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE Sensex First Published: Aug 19 2026 | 9:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE Sensex First Published: Aug 19 2026 | 9:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hours before the order, Sebi chairman Tuhin Kanta Pandey had warned market players of strict action against any manipulation in CAS First Published: Aug 19 2026 | 9:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hours before the order, Sebi chairman Tuhin Kanta Pandey had warned market players of strict action against any manipulation in CAS First Published: Aug 19 2026 | 9:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 8:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 7:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The spike in energy costs and global yields continues to drive risk-off sentiment First Published: Aug 19 2026 | 7:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The spike in energy costs and global yields continues to drive risk-off sentiment First Published: Aug 19 2026 | 7:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company’s standalone revenues saw a sluggish 9 per cent growth Y-o-Y This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company’s standalone revenues saw a sluggish 9 per cent growth Y-o-Y This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 6:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Volkswagen expects to sign a deal with a local partner in India this year, the CEO of its Skoda brand, Klaus Zellmer, said, as the German group struggles to build scale in the world's third-largest car market. Skoda is in charge of the group's strategy in India, where VW is in talks on a joint venture ?with India's steel-to-autos group JSW, which has indicated it wants a majority stake. Zellmer said on Wednesday that VW is in discussions with an unnamed partner and is confident of completing a deal this year, providing the clearest indication yet that a decision is close. "I'm deeply convinced that our momentum can be much stronger if we have a local partner with strong roots," Zellmer told reporters on the sidelines of a Skoda event in Mumbai. Zellmer told India's Economic Times that VW is open to ceding control of its operations in the fast-growing Indian market, which has attracted investments from global automakers. But many have struggled to gain scale and U.S. automakers GM and Ford eventually exited after years of ?losses. A partner would allow VW to share investment risk in a market where its profit rose 50% as sales doubled last year. But its scale is still not meaningful despite more than two decades in the country. VW began looking for a partner in 2022 after it initiated talks with Mahindra that did not materialise. Analysts see a greater chance for success with JSW because it aligns with the deep-pocketed group's ambition to become a major ??player in India's car market. JSW already has a joint venture with China's SAIC through MG Motor in India and a separate ??deal with Chery. VW is looking for ways to fund ?its next phase of growth in India where it needs to launch clean-energy vehicles to meet stricter emission norms from 2027. Any fresh investment into India will need a sign-off from VW Group's board, some ?of whom were present in Mumbai. "We brought all our VW colleagues ... to help them understand why we are so ?passionate about it. And it's sinking in," Zellmer said. VW faces a $1.4 billion tax demand from Indian authorities in 2024 for allegedly evading import tax, which it has challenged, saying it fully complied with Indian ?laws and regulations. The court is yet to give an order. The carmaking group is under pressure from investors to accelerate cost cuts and improve competitiveness as Chinese automakers expand in Europe. It also faces tariff ?pressures and a prolonged Chinese slowdown. (Reporting by Aditi Shah, additional reporting by Neha Arora in New Delhi and Christina Amann in Berlin; Editing by Alexander Smith) (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 19 2026 | 6:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The project entails construction of road from km 17.812 to km 55.377 (Package-2) of Bile- Migging section (km 0.00 at Migging end) of NH 913 (Frontier Highway) to Intermediate Lane on EPC mode in the State of Arunachal Pradesh. The contract is valued at Rs 274.08 crore. First Published: Aug 19 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RBI noted in its monetary policy minutes that as of June 2026, fuel inflation has remained modest because the sharp spike in international energy prices has had limited pass-through to domestic retail prices. CPI inflation has crossed the 4% target by small margin. However, core inflation was still below 4%. Core inflation excluding precious metals remained much lower at 2.5 per cent. These numbers suggest limited pass-through so far of the terms-of-trade shocks (due to a sharp escalation in crude prices and a weakened INR) the economy experienced over the last two quarters. First Published: Aug 19 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reserve Bank of India (RBI) released minutes of sixty second meeting of the Monetary Policy Committee (MPC) held during August 3 to 5, 2026 today. MPC member Nagesh Kumar noted that the Indian economy has displayed remarkable resilience in the face of challenging headwinds stemming from the ongoing conflict in West Asia, especially the volatility in crude oil prices, trade policy uncertainties, and agricultural risks arising from El Niño affecting the monsoons. The concerns arising from the West Asia conflict and the blockade of the Strait of Hormuz have not receded, even as India has made efforts to deal with the situation by diversifying the sources of supply. Trade policy uncertainties have been aggravated. Saugata Bhattacharya noted that the balance and nature of risks have kept evolving since the start of the West Asia conflict in late February '26; other sources of uncertainty have layered on this. The global economic outlook in 2026 so far has been characterised by sharp and frequent market swings, persisting inflation concerns and shifting policy expectations. India's inflation and growth dynamics, too, continue to remain clouded. Ram Singh stated that since the last MPC meeting, economic headwinds have changed very little. The global economy continues to present a complex mix of persistent inflationary pressures, volatile financial markets, and signals of monetary tightening from markets and central banks in advanced economies. The West Asia (WA) conflict has continued to put upward pressure on crude oil and its byproducts. Poonam Gupta noted that after abating a bit in June 2026, global uncertainties flared again in July. Domestically, the quantum and distribution of rainfall have improved in recent weeks. As the large deficiency recorded in June narrowed through July, sowing has gained pace, and reservoir levels have risen. In addition, a range of high-frequency indicators continue to display resilience and dynamism, supporting the growth momentum. Taken together, these developments suggest that the growth outcome during the year may turn out to be somewhat better than projected in the June policy, while inflation could be marginally lower. RBI Governor Sanjay Malhotra noted that there are signs of a normalisation of inflation from its benign levels seen hitherto. The average inflation last year, when the policy rate, was brought down to 5.25 per cent, was only two per cent. Not only has headline inflation already averaged 3.93 per cent this year, even core excluding precious metals is expected to converge to core inflation in the last quarter of this financial year, with core inflation projected to average 4.3 per cent in 2026-27. This may suggest a recalibration of policy rate. First Published: Aug 19 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RBI notes in the minutes of its August monetary policy that RBI has built a substantial dollar cushion to defend rupee. The central bank stated that the June 05th joint package of reforms by the RBI and the Ministry of Finance has received enthusiastic responses. In response to these incentives, as of July 31, 2026, a total of $36.725 billion has already been received under the FCNR(B) swap facility. Additionally, the bond market has witnessed healthy Foreign Portfolio Investment inflows through FAR. These forex inflows will support INR stability and help limit the impact of imported inflation, RBI stated. First Published: Aug 19 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee fell 2 paise to close at 95.76 (provisional) against the US dollar on Wednesday as a sharp rise in global crude oil prices amid heightened tensions in West Asia kept markets on edge. A sharp decline in domestic equity markets put further pressure on the local unit, while possible RBI intervention and foreign fund inflows lent support. Local shares ended lower on Wednesday to extend losses for a seventh straight session as elevated oil prices and rising global bond yields amid an apparent impasse in Middle East peace talks dented investors' appetite for riskier assets. The BSE Sensex dropped 325.78 points (0.42%) to close at 76,909.68, while the Nifty 50 shed 76.60 points (0.32%) to finish at 24,078.30. At the interbank foreign exchange, the rupee opened at 95.72 and traded in a very narrow range of 95.72-95.76. It eventually settled at 95.76 (provisional), down 2 paise from its previous close. First Published: Aug 19 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 36.37 crore shares as against 25.13 crore shares on offer. The issue opened for bidding on 17 August 2026 and will close on 19 August 2026. The price band of the IPO is fixed between Rs 57 and 60 per share. An investor can bid for a minimum of 250 equity shares and multiples thereof The issue comprises only issue of fresh shares of Rs 10 face value aggregating to Rs 2,600 crore. Of the net proceeds from fresh issue, the company intends to use Rs 2,250 crore towards re/pre-payment (in full or part) of certain borrowings availed by the company as well as certain of its wholly owned subsidiaries and balance towards general corporate purposes. Ahead of the IPO, Horizon Industrial Parks on Friday, 14 August 2026, raised Rs 1,167.75 crore from anchor investors. The board allotted 19.46 crore shares at Rs 60 each to 54 anchor investors. Horizon Industrial Parks (HIPL) offers clients Grade A quality fulfillment centers (warehouses), industrial facilities, and in-city centers across the countrys major industrial and consumption hubs. HIPL is the only scaled pure-play industrial and logistics platform offering comprehensive solutions to customers, combining real estate, infrastructure and operational services under one roof. The total network of 58.58 million sq ft comprises 51.67 million sq ft of industrial & logistics parks and 17 in-city centres with an area of 6.91 million sq ft spread across seven cities/metropolitan areas. The firm reported a consolidated net loss of Rs 197.64 crore and sales of Rs 691.38 crore for the twelve months ended on 31 March 2026. First Published: Aug 19 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 395.21 crore shares as against 6.27 crore shares on offer. The issue opened for bidding on 17 August 2026 and will close on 19 August 2026. The price band of the IPO is fixed between Rs 190 and 201 per share. An investor can bid for a minimum of 74 equity shares and multiples thereof The IPO comprises a fresh issue of equity shares worth up to Rs 1,200 crore and an offer for sale aggregating up to Rs 500 crore by M. Kiran Kumar Jain. The objectives of the fresh issue include Rs 34.5 crore for capital expenditure towards fit-outs, including furniture and fixtures, equipment, IT hardware and software, Rs 998.6 crore for inventory costs for setting up new stores, and the remaining amount for general corporate purposes. Ahead of the IPO, Lalithaa Jewellery on Friday , 14 August 2026, raised Rs 508.19 crore from anchor investors. The board allotted 2.52 crore shares at Rs 201 each to 22 anchor investors. Lalithaa Jewellery Mart is a jewellery retailer operating under the brand name, Lalithaa, offering a diverse range of gold jewellery, silver jewellery, and diamond jewellery across styles, designed to cater to regional preferences of the southern Indian jewellery markets. Gold jewellery remains the companys key revenue driver, contributing 92.33% of revenue in FY26, followed by silver jewellery and articles at 6.63%, while other products contributed the remaining 1.04%. The company operates some of the largest jewellery stores in India, including a 1 lakh sq. ft. store in Vijayawada, along with large-format stores in Somajiguda and Visakhapatnam. Of its 61 stores, 51 stores had an area of more than 5,000 sq. ft., including 39 stores in Tier II and Tier III cities. As of March 31, 2026, it operated 61 stores across 51 cities in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and Puducherry, covering a total operational area of 6.5 lakh sq. ft. The firm reported a consolidated net profit of Rs 1,009.82 crore and sales of Rs 25,023.93 crore for the twelve months ended on 31 March 2026. First Published: Aug 19 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Suspension order is yet to be effective. The Company has made alternate arrangements to procure Methanol in compliance with the applicable Rules. The issues raised in the suspension order have already been addressed. Accordingly, no material adverse impact is anticipated on financial position, operations, or overall business activities. First Published: Aug 19 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 2.60 crore shares as against 2.76 crore shares on offer. The issue opened for bidding on 18 August 2026 and it will close on 20 August 2026. The price band of the IPO is fixed between Rs 88 and 93 per share. An investor can bid for a minimum of 160 equity shares and multiples thereof. The IPO comprises fresh issue of equity shares worth up to Rs 274.18 crore and an offer for sale of 1,00,00,000 equity shares aggregating up to Rs 93 crore by Kantilal Kheemraj Jain and Manoj Kantilal Jain. The objectives of the fresh issue include Rs 158 crore for repayment/pre-payment, of certain borrowings, Rs 38 crore for funding working capital requirements, and remaining amount for general corporate purpose. The promoters are Kantilal Kheemraj Jain, Mahavir Kantilal Jain and Manoj Kantilal Jain. The promoters and promoter group hold an aggregate of 11,22,32,400 equity shares, aggregating to 95.48% of the pre-offer issued and paid-up equity share capital. Their post IPO shareholding is expected to be around 69.53%. Shankesh Jewellers is a hand-crafted gold jewellery company operating an asset-light model, with production primarily outsourced to skilled job workers. The company offers a wide range of 22-karat and 18-karat jewellery, including bridal, antique, temple and customized designs, and caters to corporate and non-corporate clients across India. Corporate clients contributed 64.25% of revenue in FY26, while its top five customers accounted for 23.26%, indicating some customer concentration. The company served 418 customers in FY26, including 334 repeat customers, and continues to expand its market presence through B2B jewellery exhibitions. Ahead of the IPO, Shankesh Jewellers on Monday, 17 August 2026, raised Rs 110.15 crore from anchor investors. The board allotted 1.18 crore shares at Rs 93 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 106.68 crore and sales of Rs 1,630.79 crore for the twelve months ended on 31 March 2026. First Published: Aug 19 2026 | 5:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 10.12 crore shares as against 54.86 lakh shares on offer. The issue opened for bidding on 18 August 2026 and it will close on 20 August 2026. The price band of the IPO is fixed between Rs 342 and 360 per share. An investor can bid for a minimum of 41 equity shares and multiples thereof. The IPO comprises a fresh issue of equity shares worth up to Rs 1,428 crore and an offer for sale of equity shares aggregating up to Rs 125 crore by Sathishkumar T and Anitha S. The offer consists of both a fresh issue and an offer for sale component (OFS). The fresh issue will include 48,00,034 shares aggregating up to Rs 172.80 crore at the upper price band of Rs 360. OFS includes 30,37,157 shares of Rs 10 aggregating up to Rs 109.3 crore at upper price band of Rs 360. The total number of shares and aggregate amount are 78,37,191 shares aggregating up to Rs 282.14 crore at upper price band of Rs 360. Promoters Vipul Amrutlal Shah and Shefali Shah will offload a part of their stake in the OFS. SPL plans to utilize Rs 112.5 crore towards working capital requirements and the balance towards general corporate purposes. Sunshine Pictures (SPL) is a content production house engaged in creating, producing, marketing and distributing films, TV serials and web series. The company has produced popular films such as Force, Commando, Holiday, Force 2, Commando 2 and The Kerala Story. It currently has multiple projects in production and development, including films and web series scheduled for release in FY27. However, its revenue and profitability remain dependent on the commercial success and audience acceptance of its content, making earnings inherently unpredictable. Ahead of the IPO, Sunshine Pictures on Monday, 11 August 2026, raised Rs 84.64 crore from anchor investors. The board allotted 23.51 lakh shares at Rs 360 each to 9 anchor investors. First Published: Aug 19 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 2.16 crore shares as against 2.53 crore shares on offer. The issue opened for bidding on 19 August 2026 and it will close on 21 August 2026. The price band of the IPO is fixed between Rs 152 and 160 per share. An investor can bid for a minimum of 93 equity shares and multiples thereof. The initial public offer (IPO) consists of fresh issue to raise Rs 450 through issuance of 2.96 crore equity shares at the lower band of Rs 152 per share (face value Rs 5 per share) and 2.81 crore equity shares at the upper band of Rs 160 per share. The IPO also comprises of offer for sales (OFS) of Rs 100 crore through issue of 0.63-0.66 crore equity shares. Among the promoters and group, Ranjit Shah is selling Rs 29.35 crore worth of equity shares of the company, Imran Jafer Rs 20 crore and Sudesh Jain Rs 10 crore through OFS. The promoter shareholding in the company will decline to 54.23% post- IPO from 71.03% pre-IPO. The company proposes to utilize Rs 372 crore from the net proceeds of IPOs for investing towards its sponsor commitments to certain existing and new funds and for repayment of the Bridge Loan Amount. The remaining proceeds will be used for general corporate purposes. Within the existing funds towards meeting balance sponsor commitment to Fund IV, the company intends to deploy Rs 2.155 crore in Gaja Capital India Fund 2020 LLP and Rs 35.345 crore in Gaja Capital India Fund 2021 to be deployed over FY2027 and FY2028 and Rs 19.5 crore for the bridge loan repayment. On new funds, the company is in the process of setting up Fund V with the targeted fund size of Rs 2500 crore. It has filed a private placement memorandum application with the SEBI on 10 June 2026. The company intends to contribute Rs 210 crore as Sponsor Commitment to Fund V to be deployed over FY27, FY28 and FY29. Further, the company intends to utilize Rs 105 crore as sponsor commitments to the Secondaries Fund with the targeted funds size of Rs 1250 crore. Gaja Alternative Asset Management is a founder-led Indian alternative asset management company with over two decades of experience, focused on managing India-focused Category I and II AIFs and advising offshore funds. The company follows an alpha-oriented, mid-market investment strategy across sectors such as education, financial services, consumer and digital technology, and earns primarily through management fees, carried interest and sponsor commitment income. It had a sponsor commitment of around Rs 274 crore as of March 2026 and has achieved an average 3.3x MOIC across investments. The company is promoted by Gopal Jain, Ranjit Jayant Shah and Imran Jafar and had 23 permanent employees as of March 2026. Ahead of the IPO, Gaja Alternative Asset Management on Tuesday, 18 August 2026, raised Rs 165 crore from anchor investors. The board allotted 1.03 crore shares at Rs 160 each to 20 anchor investors. The firm reported a consolidated net profit of Rs 81.96 crore and sales of Rs 135.53 crore for the twelve months ended on 31 March 2026. First Published: Aug 19 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hyundai Motor India has planned to increase the prices of its vehicles by up to 1% across its portfolio, effective September 2026. The quantum of increase will vary depending on the model and variant. The price revision has been necessitated by a combination of rising input and commodity costs, higher operational expenses and continuing geopolitical and macroeconomic uncertainties, among other factors. First Published: Aug 19 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Onida Electronics announced that an understanding has been reached between the Company and one of the permanent workers' unions representing the majority of workers employed at the Company's factory situated at Kudus, Wada, Palghar District, Maharashtra, for mutual settlement. Pursuant to the aforesaid understanding, majority of permanent workmen employed at the Wada factory have tendered their resignation from the services of the Company and have agreed to the terms of the mutual settlement. First Published: Aug 19 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Key benchmark indices extended their losing streak on Wednesday as elevated crude oil prices, higher global bond yields and persistent geopolitical uncertainty kept investors cautious. The Nifty settled below the 24,100 level. The broader market remained under pressure, with both midcap and smallcap indices ending lower. Most sectoral indices closed in the red, led by weakness in defence and energy stocks, while IT shares bucked the trend and gained amid bargain hunting. Brent crude remained elevated near $92 a barrel as uncertainty over the US-Iran conflict and the Strait of Hormuz kept supply concerns in focus. The S&P BSE Sensex dropped 325.78 points or 0.42% to 76,909.68. The Nifty 50 index lost 76.60 points or 0.32% to 24,078.30. The Sensex declined 1.49% in four consecutive trading sessions, while the Nifty fell 2.05% in seven consecutive trading sessions. Reliance Industries (down 0.83%), ICICI Bank (down 0.71%) and HDFC Bank (down 0.41%) were major Nifty drags today. The broader market underperformed the frontline indices. The BSE 150 MidCap Index fell 0.44% and the BSE 250 SmallCap Index dropped 0.67%. The market breadth was negative. On the BSE, 1,807 shares rose and 2,483 shares fell. A total of 244 shares were unchanged. Cabinet clears Rs 13,041 crore rail-road projects: The Cabinet Committee on Economic Affairs approved five infrastructure projects worth a combined Rs 13,041 crore, including four railway multitracking projects worth Rs 9,450 crore across West Bengal, Odisha, Tamil Nadu and Andhra Pradesh, and an Rs 3,590.73 crore upgrade of the Muzaffarpur-Sitamarhi-Sonbarsa section of NH-22 in Bihar. The railway projects will add about 410 km to the network, ease congestion, improve connectivity to around 6,448 villages and support additional freight traffic of 76 million tonnes per annum, while the Bihar highway project will upgrade 82.578 km to four-lane standards and strengthen connectivity with the India-Nepal border. Numbers to Track: In the commodities market, Brent crude for October 2026 settlement gained 97 cents or 1.07% to $91.99 a barrel. The yield on India's 10-year benchmark federal paper was shed 0.01% to 6.830 as compared with 6.831 previous sessions close. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.7550 compared with its close of 95.7450 during the previous trading session. MCX Gold futures for 5 October 2026 settlement rose 0.02% to Rs 1,54,290. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.26% to 99.40. The United States 10-year bond yield lost 0.23% to 4.695. Global Markets: Most European indices declined as UK annual consumer price inflation accelerated to 2.9% in July from 2.6% in June, driven by the sharpest increase in gas prices since October 2022, according to official data. The rise in inflation was led by a 3.4% increase in services prices, while goods prices rose 1.7%. Housing and household services, particularly gas and electricity, made the largest upward contribution to inflation, while transport costs provided the biggest downward offset, the UK Office for National Statistics said. Asian indices ended lower on Wednesday following a sharp selloff in US technology and semiconductor stocks. Elevated Treasury yields and rising oil prices also weighed on risk assets as investors reduced exposure to richly valued growth stocks amid concerns over borrowing costs, inflation and geopolitical tensions. South Korea's KOSPI fell more than 5%, with semiconductor heavyweights SK Hynix and Samsung Electronics tumbling sharply. The steep decline triggered a temporary halt in program selling, known as a "sidecar", which is designed to provide a brief pause during sharp market moves. The semiconductor selloff also reflected growing concerns over valuations in the artificial intelligence trade and the scale of investment in AI infrastructure. The Philadelphia Semiconductor Index fell 5% on Tuesday, with Nvidia, Micron Technology and other chip stocks among the major decliners. Higher oil prices added to inflation concerns, with Brent crude trading around $91-$92 a barrel on Wednesday as uncertainty over crude exports through the Strait of Hormuz persisted amid escalating US-Iran tensions. Investors will also focus on minutes from the US Federal Reserve's July meeting, due on Wednesday, for clues on the policymakers' interest-rate outlook. US stocks ended lower on Tuesday, led by technology and semiconductor shares as rising Treasury yields and Middle East tensions weighed on sentiment. The Dow Jones Industrial Average declined 116.38 points or 0.22% to 53,343.40, while the S&P 500 dropped 53.30 points or 0.69% to 7,691.76. The Nasdaq Composite fell 355.20 points or 1.33% to 26,289.71. New Listing: Shiprocket ended its debut session at Rs 143.50 on the BSE, a 47.94% premium to its issue price of Rs 97. The stock debuted at Rs 129.50 on the BSE, a premium of 33.51% over its issue price and traded between Rs 129.50 and Rs 155.40 during the session. More than 171.11 lakh shares changed hands on the BSE. Behari Lal Engineering ended its debut session at Rs 502.55 on the BSE, a 76.33% premium to its issue price of Rs 285. The stock debuted at Rs 458, marking a premium of 60.7% to the issue price and traded between Rs 458 and Rs 537.35 during the session. More than 29.68 lakh shares changed hands on the BSE. Stocks in Spotlight: RailTel Corporation of India rose 3.50% after the company received a work order worth Rs 166.80 crore from the Employees Provident Fund Organisation (EPFO). Prism Johnson rallied 5.10% after the company was declared the successful bidder for supply of 1,28,000 metric tonnes (MT) of coal per annum by subsidiaries of Coal India. L&T Technology Services (LTTS) added 1.05% after the company said that it has secured a five-year engagement worth over $75 million from a leading global technology enterprise. Refex Industries shed 0.93%. The company has received a domestic work order worth approximately Rs 40.42 crore from an entity based in Maharashtra. The order involves a slab-wise rate contract for transportation of ash and is to be executed over a period of 12 months. Ceigall India advanced 2.06%. The company, jointly with Rajinder Infrastructure, announced the receipt of letter of acceptance (LoA) from the Ministry of Road Transport & Highways (MoRTH) for road construction project. The contract involves construction of a 37.57-km road on the BileMigging section of NH-913 in Arunachal Pradesh, under the EPC mode. The projects has an aggregate bid cost of Rs 274.08 crore. CG Power and Industrial Solutions slipped 3.47%. In a regulatory filing made post market hours yesterday, the company said that there has been a suspected cyber event on the firm's IT systems. "However, the event has not impacted the core systems and operations of the company," CG Power stated. Krystal Integrated Services added 0.98% after the company received a work order worth approximately Rs 134 crore from Maharashtra State Road Transport Corporation (MSRTC). Indegene shed 0.14%. The company said its wholly owned US subsidiary, Indegene Inc., has substantially concluded settlement negotiations in the TCPA class-action litigation filed by Progressive Health and Rehab Corp. Arkade Developers slipped 1.81%. The company said that it has added four redevelopment projects across Malad West, Kandivali West, Kandivali East and Borivali West, covering a combined area of around 45,204 square meters or 11.17 acres. Interarch Building Solutions slipped 1.33%. The company received Rs 128 crore contract from a domestic FMCG player of international repute to construct a manufacturing facility for homecare/beauty and wellness products. IPO Update: Gaja Alternative Asset Management received bids for 2,09,24,070 shares as against 2,53,28,946 shares on offer, according to stock exchange data at 16:36 IST on 19 August 2026. The issue was subscribed 0.83 times. The issue opened for bidding on 19 August 2026 and will close on 21 August 2026. The price band of the IPO is fixed between Rs 152 and Rs 160 per share. An investor can bid for a minimum of 93 equity shares and multiples thereof. Sunshine Pictures received bids for 9,91,31,973 shares as against 54,86,051 shares on offer, according to stock exchange data at 16:36 IST on 19 August 2026. The issue was subscribed 18.07 times. The issue opened for bidding on 18 August 2026 and will close on 20 August 2026. The price band of the IPO is fixed between Rs 342 and Rs 360 per share. An investor can bid for a minimum of 41 equity shares and multiples thereof. Shankesh Jewellers received bids for 2,55,92,800 shares as against 2,76,37,400 shares on offer, according to stock exchange data at 16:36 IST on 19 August 2026. The issue was subscribed 0.93 times. The issue opened for bidding on 18 August 2026 and will close on 20 August 2026. The price band of the IPO is fixed between Rs 88 and 93 per share. An investor can bid for a minimum of 160 equity shares and multiples thereof. Horizon Industrial Parks received bids for 36,28,23,500 shares as against 25,13,56,273 shares on offer, according to stock exchange data at 16:36 IST on 19 August 2026. The issue was subscribed 1.44 times. The issue opened for bidding on 17 August 2026 and will close on 19 August 2026. The price band of the IPO is fixed between Rs 57 and 60 per share. An investor can bid for a minimum of 250 equity shares and multiples thereof. Lalithaa Jewellery Mart received bids 3,94,60,66,354 shares as against 6,27,61,403 shares on offer, according to stock exchange data at 16:36 IST on 18 August 2026. The issue was subscribed 62.87 times. The issue opened for bidding on 17 August 2026 and will close on 19 August 2026. The price band of the IPO is fixed between Rs 190 and 201 per share. An investor can bid for a minimum of 74 equity shares and multiples thereof. First Published: Aug 19 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The decline was led by semiconductor and technology stocks, following heavy selling in AI-related chipmakers on Wall Street overnight. Rising global bond yields and higher oil prices also weighed on investor sentiment. Japan's 10-year government bond yield reached a 30-year high this week, adding to concerns about borrowing costs. Companies linked to the global AI supply chain saw some of the biggest losses. Kioxia Holdings fell 12.6%, Furukawa Electric dropped 13.7%, and Fujikura declined 9.7%. Advantest and Tokyo Electron also fell 2.3% and 3.1%, respectively. The weakness extended beyond technology stocks, with Mitsubishi UFJ falling 4.4% and Toyota Motor losing 2.7%. First Published: Aug 19 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The selloff was led by semiconductor stocks. Rising government bond yields, persistent inflation, high fiscal spending and heavy debt issuance have increased concerns about borrowing costs. Geopolitical tensions and fears of energy supply disruptions added to worries that inflation could stay high. The pressure on chip stocks intensified after GigaDevice reported its first-half 2026 results. Revenue jumped 178.7% year-on-year to RMB 11.57 billion, while net profit surged 1,091.5% to RMB 6.86 billion. However, the results came in slightly below the company's expectations. Major semiconductor stocks fell sharply. SMIC declined 5.16%, Cambricon Technologies dropped 9.64%, Hygon Information Technology fell 7.26%, and GigaDevice lost 7.56%. Hua Hong Semiconductor, Zhongji Innolight, Eoptolink Technology and NAURA Technology also fell between 8% and 12%. First Published: Aug 19 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank, Reliance Industries and Infosys were top traded contracts. In the cash market, the Nifty 50 index lost 76.60 points or 0.32% to 24,078.30. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.50% to 11.33. HDFC Bank, Reliance Industries and Infosys were the top-traded individual stock futures contracts in the F&O segment of the NSE. The August 2026 F&O contracts will expire on 25 August 2026. First Published: Aug 19 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As per provisional closing data, the barometer index, the S&P BSE Sensex dropped 325.78 points or 0.42% to 76,909.68. The Nifty 50 index lost 76.60 points or 0.32% to 24,078.30. The Sensex declined 1.49% in four consecutive trading sessions, while the Nifty fell 2.05% in seven consecutive trading sessions. The broader market underperformed the frontline indices. The BSE 150 MidCap Index fell 0.44% and the BSE 250 SmallCap Index dropped 0.67%. The market breadth was negative. On the BSE, 1,814 shares rose and 2,479 shares fell. A total of 241 shares were unchanged. In the commodities market, Brent crude for Oct 2026 settlement rose 88 cents or 0.97% to $91.90 a barrel. In the foreign exchange market, the rupee traded flat against the US dollar. The partially convertible rupee was hovering at 95.7450, unchanged from its previous close of 95.7450. New Listing : Shiprocket ended its debut session at Rs 142.90 on the BSE, a 47.32% premium to its issue price of Rs 97. The stock debuted at Rs 129.50 on the BSE, a premium of 33.51% over its issue price and traded between Rs 129.50 and Rs 155.40 during the session. More than 171.70 lakh shares changed hands on the BSE. Behari Lal Engineering ended its debut session at Rs 509 on the BSE, a 78.60% premium to its issue price of Rs 285. The stock debuted at Rs 458, marking a premium of 60.7% to the issue price and traded between Rs 458 and Rs 537.35 during the session. More than 29.67 lakh shares changed hands on the BSE. IPO Update: Gaja Alternative Asset Management received bids for 1,76,51,865 shares as against 2,53,28,946 shares on offer, according to stock exchange data at 15:30 IST on 19 August 2026. The issue was subscribed 0.70 times. The issue opened for bidding on 19 August 2026 and will close on 21 August 2026. The price band of the IPO is fixed between Rs 152 and Rs 160 per share. An investor can bid for a minimum of 93 equity shares and multiples thereof. Sunshine Pictures received bids for 8,74,64,931 shares as against 54,86,051 shares on offer, according to stock exchange data at 15:30 IST on 19 August 2026. The issue was subscribed 15.94 times. The issue opened for bidding on 18 August 2026 and will close on 20 August 2026. The price band of the IPO is fixed between Rs 342 and Rs 360 per share. An investor can bid for a minimum of 41 equity shares and multiples thereof. Shankesh Jewellers received bids for 2,35,14,560 shares as against 2,76,37,400 shares on offer, according to stock exchange data at 15:30 IST on 19 August 2026. The issue was subscribed 0.85 times. The issue opened for bidding on 18 August 2026 and will close on 20 August 2026. The price band of the IPO is fixed between Rs 88 and 93 per share. An investor can bid for a minimum of 160 equity shares and multiples thereof. Horizon Industrial Parks received bids for 20,11,82,750 shares as against 25,13,56,273 shares on offer, according to stock exchange data at 15:30 IST on 19 August 2026. The issue was subscribed 0.80 times. The issue opened for bidding on 17 August 2026 and will close on 19 August 2026. The price band of the IPO is fixed between Rs 57 and 60 per share. An investor can bid for a minimum of 250 equity shares and multiples thereof. Lalithaa Jewellery Mart received bids 3,68,62,45,990 shares as against 6,27,61,403 shares on offer, according to stock exchange data at 15:30 IST on 18 August 2026. The issue was subscribed 58.73 times. The issue opened for bidding on 17 August 2026 and will close on 19 August 2026. The price band of the IPO is fixed between Rs 190 and 201 per share. An investor can bid for a minimum of 74 equity shares and multiples thereof. Buzzing Index: The Nifty IT index fell 1.93% to 30,213.45. The index dropped 3.94% in three consecutive trading sessions. Mphasis (down 2.59%), LTM (down 2.34%), Infosys (down 2.29%), HCL Technologies (down 2.26%), Coforge (down 2.21%), Persistent Systems (down 1.74%), Wipro (down 1.7%), Tech Mahindra (down 1.43%), Tata Consultancy Services (down 1.26%) and Oracle Financial Services Software (down 0.84%) declined. Stocks in Spotlight: Refex Industries shed 0.85%. The company has received a domestic work order worth approximately Rs 40.42 crore from an entity based in Maharashtra. The order involves a slab-wise rate contract for transportation of ash and is to be executed over a period of 12 months. Ceigall India advanced 2.06%. The company, jointly with Rajinder Infrastructure, announced the receipt of letter of acceptance (LoA) from the Ministry of Road Transport & Highways (MoRTH) for road construction project. The contract involves construction of a 37.57-km road on the BileMigging section of NH-913 in Arunachal Pradesh, under the EPC mode. The projects has an aggregate bid cost of Rs 274.08 crore. CG Power and Industrial Solutions slipped 3.74%. In a regulatory filing made post market hours yesterday, the company said that there has been a suspected cyber event on the firm's IT systems. "However, the event has not impacted the core systems and operations of the company," CG Power stated. Krystal Integrated Services added 1.27% after the company received a work order worth approximately Rs 134 crore from Maharashtra State Road Transport Corporation (MSRTC). Indegene shed 0.14%. The company said its wholly owned US subsidiary, Indegene Inc., has substantially concluded settlement negotiations in the TCPA class-action litigation filed by Progressive Health and Rehab Corp. Arkade Developers slipped 1.81%. The company said that it has added four redevelopment projects across Malad West, Kandivali West, Kandivali East and Borivali West, covering a combined area of around 45,204 square meters or 11.17 acres. ITI shed 0.96%. The company said the National Land Monetization Corporation (NLMC) has invited bids for the e-auction of its 44.03-acre land parcel at Krishnarajapuram, Bengaluru, at a reserve price of Rs 1,685.40 crore. Prism Johnson rallied 4.05% after the company was declared the successful bidder for supply of 1,28,000 metric tonnes (MT) of coal per annum by subsidiaries of Coal India. L&T Technology Services (LTTS) added 1.05% after the company said that it has secured a five-year engagement worth over $75 million from a leading global technology enterprise. Interarch Building Solutions slipped 1.33%. The company received Rs 128 crore contract from a domestic FMCG player of international repute to construct a manufacturing facility for homecare/beauty and wellness products. RailTel Corporation of India rose 1.93% after the company received a work order worth Rs 166.80 crore from the Employees Provident Fund Organisation (EPFO). Global Markets: Most of the European markets traded lower as U.K. annual consumer price inflation accelerated to 2.9% in July from 2.6% in June, driven by the sharpest rise in gas prices since October 2022, according to official data. The inflation increase was led by a 3.4% rise in services prices, while goods prices climbed 1.7%. Housing and household services, particularly gas and electricity, made the largest upward contribution to inflation, while transport costs provided the biggest downward offset, the U.K. Office for National Statistics said. Asian counterparts ended lower on Wednesday after a sharp selloff in US technology and semiconductor stocks, while elevated Treasury yields and rising oil prices added to pressure on risk assets. Investors scaled back exposure to richly valued growth stocks as higher borrowing costs, inflation concerns and geopolitical tensions clouded the outlook. South Korea's KOSPI fell more than 5%, with semiconductor heavyweights SK Hynix and Samsung Electronics tumbling sharply. The sharp decline triggered a temporary halt on program selling, known as a "sidecar", designed to provide a brief pause when markets experience sharp moves. The semiconductor selloff also reflected growing caution over valuations across the AI trade and the scale of investment in AI infrastructure. The Philadelphia Semiconductor Index fell 5% on Tuesday, with Nvidia, Micron Technology and other chip-related stocks among the major decliners. Higher oil prices added to inflation concerns. Brent crude was trading around $91-$92 a barrel on Wednesday as uncertainty over crude exports through the Strait of Hormuz persisted amid escalating tensions between the US and Iran. Investors will also focus on minutes from the US Federal Reserve's July meeting, due on Wednesday, for clues on policymakers' thinking. The release comes as Fed Chair Kevin Warsh has adopted a more limited communication approach. US stocks ended lower on Tuesday, led by losses in semiconductor and technology shares as rising Treasury yields and Middle East tensions weighed on sentiment. The Dow Jones Industrial Average declined 116.38 points, or 0.22%, to 53,343.40, while the S&P 500 dropped 53.30 points, or 0.69%, to 7,691.76. The Nasdaq Composite fell 355.20 points, or 1.33%, to 26,289.71. First Published: Aug 19 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 4:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 4:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In this assessment, Everest Group evaluated and categorized 29 service providers based on their vision, capabilities, and market impact. Infosys Aster is recognized for bringing strong proprietary IP, AI-first capabilities, and integrated ecosystem partnerships to drive measurable business outcomes. The assessment also highlights Infosys' strengths in agentic commerce capabilities, enabling AI-powered discovery, selection, purchase, and commerce experience optimization, alongside its Adobe-led marketing transformation proposition. Infosys Aster enables end-to-end marketing transformation across the value chain, spanning orchestration, data, content, commerce, creativity, and personalization. Powered by Infosys Topaz AI offerings, it helps organizations create engaging brand experiences, improve marketing efficiency, and drive greater business effectiveness. It addresses key industry challenges such as fragmented ecosystems, siloed functions, and limited scalability, helping organizations deliver integrated, data-driven, and personalized experiences. Infosys Aster's capabilities are further strengthened by Infosys' Adobe-led marketing transformation proposition through its Adobe 360 partnership, bringing together AI-led solutions and deep platform expertise to help enterprises accelerate customer experience, content, and commerce transformation at scale. First Published: Aug 19 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This is the bank's first international bond issuance and marks its entry into the global debt capital markets IDFC First Bank on Wednesday said it has raised $500 million in debt, with global investors like BlackRock, Capital Group, and Alliancebernstein anchoring its maiden international bond issuance. The bank, through its IFSC Banking Unit at GIFT City, issued the bonds having a tenure of three years and a fixed coupon of 5.625 per cent. The notes were placed with investors outside the US in Regulation S format, IDFC First Bank said in a statement. "The transaction was anchored by marquee global institutional investors, including BlackRock, Capital Group, Alliancebernstein, etc. Their participation reflects strong investor confidence in the bank's financial strength, growing franchise, prudent risk management and long-term prospects," it said. The successful placement of the notes broadens the bank's funding base and establishes an important new avenue for accessing international capital. IDFC First Bank, Chief Financial Officer, Sudhanshu Jain said the successful execution of the transaction reflects growing recognition of the strength of the bank's franchise, the resilience of balance sheet and the progress it has made over the last several years. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 19 2026 | 3:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The proposed project has a total project cost of Rs 110 crore, with an eligible project cost of Rs 80 crore. First Published: Aug 19 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indegene said its wholly owned US subsidiary, Indegene Inc., has substantially concluded settlement negotiations in the TCPA class-action litigation filed by Progressive Health and Rehab Corp. The case relates to alleged unsolicited fax communications sent in February 2020. The certified class covers approximately 18,851 unique fax numbers and 18,869 transmissions. The Telephone Consumer Protection Act (TCPA) prohibits automated calls or texts to consumers without prior consent, including calls using prerecorded or synthetic voices, and protects numbers listed on the National Do-Not-Call Registry in the US. When companies violate these rules, affected individuals can reportedly pursue statutory damages ranging from $500 to $1,500 per call or text received. The proposed settlement provides for a maximum settlement fund of US$4.72 million, calculated at US$250 per eligible claim. However, the $4.72 million represents the contractual maximum and is not the expected cash outflow. The actual payment will depend on the number of valid claims submitted and approved under the settlement framework. The settlement is also subject to execution by the relevant parties and approval by the US District Court for the District of New Jersey. "The settlement does not constitute an admission of liability by the company or the defendants," Indegene said in a statement. Indegene is the strategic operating partner to the global life sciences industry, orchestrating commercial, medical, R&D, and safety operations across the product lifecycle. The company's net profit remained almost flat at Rs 116.2 crore even as revenues rose by 39.7% to Rs 1,063.1 crore in Q1 FY27 as compared with Q1 FY26. The scrip shed 0.66% to currently trade at Rs 563.30 on the BSE. First Published: Aug 19 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Exports rose 23 per cent year-on-year to a record 5.18 million units in FY26, surpassing the previous high of 4.44 million units in FY22 First Published: Aug 19 2026 | 3:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Exports rose 23 per cent year-on-year to a record 5.18 million units in FY26, surpassing the previous high of 4.44 million units in FY22 First Published: Aug 19 2026 | 3:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of AMC-related companies rallied up to 5% on Thursday. (Illustration: Binay Sinha) First Published: Aug 19 2026 | 3:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee is seen extending slide near a three-week low in opening trades on Wednesday, as global sentiments stay bleak amid ongoing geopolitical tensions and lack of clarity surrounding the crucial strait of Hormuz. INR opened at Rs 95.72 per dollar and hit a low of 95.74 so far during the day. Muted opening in local equities tracking weak cues from global markets on growing concerns that surging oil prices could keep inflationary pressures persistent and leave interest rates higher for longer are also keeping rupee subdued. Sentiment weakened after the US-Iran ceasefire expired without a new agreement, sending Brent crude above $91 per barrel and fueling concerns over higher inflation and increased import costs for India, one of the world's largest crude importers. First Published: Aug 19 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Yasho Industries Ltd, SEL Manufacturing Company Ltd, Finkurve Financial Services Ltd and Modern Threads (I) Ltd are among the other losers in the BSE's 'B' group today, 19 August 2026. Yasho Industries Ltd, SEL Manufacturing Company Ltd, Finkurve Financial Services Ltd and Modern Threads (I) Ltd are among the other losers in the BSE's 'B' group today, 19 August 2026. Supreme Infrastructure India Ltd tumbled 8.97% to Rs 79.7 at 09:06 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 0 shares were traded on the counter so far as against the average daily volumes of 14474 shares in the past one month. Yasho Industries Ltd lost 8.78% to Rs 4483.25. The stock was the second biggest loser in 'B' group.On the BSE, 6736 shares were traded on the counter so far as against the average daily volumes of 5315 shares in the past one month. SEL Manufacturing Company Ltd crashed 8.07% to Rs 26.1. The stock was the third biggest loser in 'B' group.On the BSE, 3 shares were traded on the counter so far as against the average daily volumes of 1146 shares in the past one month. Finkurve Financial Services Ltd plummeted 7.53% to Rs 72. The stock was the fourth biggest loser in 'B' group.On the BSE, 17990 shares were traded on the counter so far as against the average daily volumes of 8577 shares in the past one month. Modern Threads (I) Ltd fell 7.34% to Rs 53.03. The stock was the fifth biggest loser in 'B' group.On the BSE, 2948 shares were traded on the counter so far as against the average daily volumes of 1351 shares in the past one month. First Published: Aug 19 2026 | 2:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Arkade Developers said that it has added four redevelopment projects across Malad West, Kandivali West, Kandivali East and Borivali West, covering a combined area of around 45,204 square meters or 11.17 acres. They have a total projected saleable carpet area of around 15 lakh square feet. The projects have a combined projected turnover potential of approximately Rs 5,000 crore. The Yogi NagarPlot B cluster redevelopment in Borivali West is the largest project among the four. It spans around 24,165 square meters. The project has a projected saleable carpet area of around 9 lakh square feet. It has a potential turnover of approximately Rs 3,000 crore. The two projects in Ashok Nagar, Kandivali East and Shankar Lane, Kandivali West together cover around 12,612 square meters. They have a projected saleable carpet area of around 3.5 lakh square feet. Their combined estimated GDV is around Rs 1,100 crore. The Malad West redevelopment covers around 8,428 square meters. It is expected to have a saleable carpet area of around 2.5 lakh square feet. The project has a turnover potential of approximately Rs 900 crore. Amit Jain, chairman and managing director, Arkade Developers, stated: "Redevelopment is a crucial part of Mumbais real estate growth journey and remains a core strength of our brand as we contribute to the citys ever-evolving skyline. A testament to our efforts is the recent milestone achieved at Arkade Eden in Malad West, where we received the occupancy certificate (OC) nine months ahead of the committed RERA date. Arkade Developers is a leading luxury real estate developer in Mumbai. The company has developed over 5.5 million square feet of property, with an additional two-plus million square feet currently under construction. The company had reported 33.66% fall in consolidated net profit to Rs 19.08 crore on a 7.83% fall in revenue to Rs 146.97 crore in Q1 FY27 as compared with Q1 FY26. The scrip shed 0.46% to currently trade at Rs 129.50 on the BSE. First Published: Aug 19 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aster DM Quality Care Ltd registered volume of 718.26 lakh shares by 14:14 IST on NSE, a 71.76 fold spurt over two-week average daily volume of 10.01 lakh shares Railtel Corporation of India Ltd, Adani Total Gas Ltd, Glaxosmithkline Pharmaceuticals Ltd, Indraprastha Gas Ltd are among the other stocks to see a surge in volumes on NSE today, 19 August 2026. Aster DM Quality Care Ltd registered volume of 718.26 lakh shares by 14:14 IST on NSE, a 71.76 fold spurt over two-week average daily volume of 10.01 lakh shares. The stock slipped 1.59% to Rs.805.00. Volumes stood at 6.06 lakh shares in the last session. Railtel Corporation of India Ltd clocked volume of 102.26 lakh shares by 14:14 IST on NSE, a 29.8 times surge over two-week average daily volume of 3.43 lakh shares. The stock gained 4.04% to Rs.288.35. Volumes stood at 3.25 lakh shares in the last session. Adani Total Gas Ltd notched up volume of 73.63 lakh shares by 14:14 IST on NSE, a 13.71 fold spurt over two-week average daily volume of 5.37 lakh shares. The stock rose 3.10% to Rs.667.35. Volumes stood at 3.43 lakh shares in the last session. Glaxosmithkline Pharmaceuticals Ltd clocked volume of 10.52 lakh shares by 14:14 IST on NSE, a 10.3 times surge over two-week average daily volume of 1.02 lakh shares. The stock gained 4.39% to Rs.3,003.70. Volumes stood at 4.78 lakh shares in the last session. Indraprastha Gas Ltd notched up volume of 119.91 lakh shares by 14:14 IST on NSE, a 9.86 fold spurt over two-week average daily volume of 12.17 lakh shares. The stock rose 2.88% to Rs.153.69. Volumes stood at 7.55 lakh shares in the last session. First Published: Aug 19 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 2:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
How Jio-BoFA deal signals growing push to tap underserved MSME sector First Published: Aug 19 2026 | 2:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Q1FY27 earnings strong; manufacturing emerges as top bet: Sachin Bajaj First Published: Aug 19 2026 | 2:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sagarmala Finance Corporation First Published: Aug 19 2026 | 2:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 2:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 19 2026 | 2:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE IPO index hit new life-time high in Wednesday's trade. First Published: Aug 19 2026 | 2:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
By Directorate General of Mines Safety DGMS has further directed to comply with the directives issued by Dy. Commissioner cum Chairman, District Disaster Management Authority, Dhanbad vide their letter dated 14 August 2026 wherein it has been directed to stop the blasting and mining operations till the affected area is declared safe after conducting a scientific study and evaluation. The matter pertains to a land subsidence occurred at Chhatabad near New Akashkinaree Colliery. The subsidence has occurred over the abandoned IX Seam old underground workings of New Akashkinaree Colliery. The affected land is owned by BCCL. BCCL is undertaking appropriate steps in accordance with the instructions of the concerned authorities, including conducting the required technical study and seeking fresh permission at the earliest. First Published: Aug 19 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The domestic equity benchmarks traded near the day's low in afternoon trade, weighed down by weak global cues. Renewed strength in crude oil prices and a sharp rise in global bond yields dampened investor sentiment. The Nifty traded below the 24,050 level. Healthcare, chemicals and cement stocks declined while only IT shares managed to trade in the green. At 13:28 IST, the barometer index, the S&P BSE Sensex, declined 373.30 points or 0.48% to 76,862.16. The Nifty 50 index lost 113.35 points or 0.47% to 24,041.55. In the broader market, the BSE 150 MidCap Index shed 0.41% and the BSE 250 SmallCap Index slipped 0.63%. The market breadth was negative. On the BSE, 1,653 shares rose and 2,482 shares fell. A total of 246 shares were unchanged. Gainers & Losers: Eternal (up 1.98%), HCL Tech (up 1.56%), JSW Steel (up 1.10%), Wipro (up 0.79%) and Bajaj Auto (up 0.72%) were the top gainers. Coal India (down 1.90%), Power Grid Corp (down 1.87%), Bajaj Finance (down 1.51%), ICICI Bank (down 1.37%) and Axis Bank (down 1.29%) were the top losers. Stocks in Spotlight: Refex Industries fell 1.08%. The company has received a domestic work order worth approximately Rs 40.42 crore from an entity based in Maharashtra. The order involves a slab-wise rate contract for transportation of ash and is to be executed over a period of 12 months. Ceigall India added 1%. The company, jointly with Rajinder Infrastructure, announced the receipt of letter of acceptance (LoA) from the Ministry of Road Transport & Highways (MoRTH) for road construction project. The contract involves construction of a 37.57-km road on the BileMigging section of NH-913 in Arunachal Pradesh, under the EPC mode. The projects has an aggregate bid cost of Rs 274.08 crore. CG Power and Industrial Solutions slipped 2.74%. In a regulatory filing made post market hours yesterday, the company said that there has been a suspected cyber event on the firm's IT systems. "However, the event has not impacted the core systems and operations of the company," CG Power stated. Global Market: European markets edge lower while their Asian counterparts traded in the red on Wednesday after a sharp selloff in US technology and semiconductor stocks, while elevated Treasury yields and rising oil prices added to pressure on risk assets. Investors scaled back exposure to richly valued growth stocks as higher borrowing costs, inflation concerns and geopolitical tensions clouded the outlook. South Korea's KOSPI fell more than 5%, with semiconductor heavyweights SK Hynix and Samsung Electronics tumbling sharply. The sharp decline triggered a temporary halt on program selling, known as a "sidecar", designed to provide a brief pause when markets experience sharp moves. Rising bond yields added to the pressure. The US 30-year Treasury yield climbed to around 5.3%, its highest level since 2007, while the 10-year yield approached 4.72%. Higher long-term yields increase the discount rate applied to future corporate earnings, putting pressure on richly valued growth and technology stocks. The semiconductor selloff also reflected growing caution over valuations across the AI trade and the scale of investment in AI infrastructure. The Philadelphia Semiconductor Index fell 5% on Tuesday, with Nvidia, Micron Technology and other chip-related stocks among the major decliners. Higher oil prices added to inflation concerns. Brent crude was trading around $91-$92 a barrel on Wednesday as uncertainty over crude exports through the Strait of Hormuz persisted amid escalating tensions between the US and Iran. Investors will also focus on minutes from the US Federal Reserve's July meeting, due on Wednesday, for clues on policymakers' thinking. The release comes as Fed Chair Kevin Warsh has adopted a more limited communication approach. US stocks ended lower on Tuesday, led by losses in semiconductor and technology shares as rising Treasury yields and Middle East tensions weighed on sentiment. The Dow Jones Industrial Average declined 116.38 points, or 0.22%, to 53,343.40, while the S&P 500 dropped 53.30 points, or 0.69%, to 7,691.76. The Nasdaq Composite fell 355.20 points, or 1.33%, to 26,289.71. First Published: Aug 19 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 1:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 1:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The used-car loan boom is attracting millions of new borrowers, but the rise in multi-loan customers shows why lenders are keeping a closer eye on household leverage. First Published: Aug 19 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's markets regulator is reviewing rules governing initial public offerings by small companies and delisting regulations, the ?Securities and Exchange Board of India (Sebi) chairman said on Wednesday. "Issues such as market making was adding to cost for small company IPOs," Sebi chief Tuhin Kanta Pandey said at an event in Mumbai. "A comprehensive ?review is underway," he added. Sebi is also looking to support global fund management activity from India, Pandey said, adding that proposed changes to portfolio manager regulations would support decision-makers in trading from onshore. On the recently ?introduced closing auction session that determines closing prices, Pandey ?said any manipulation would be detected faster ?under the new system and that the regulator would ?take strict action if any was found. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 19 2026 | 1:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ITI rose 1.95% to Rs 285.40 after the company said the National Land Monetization Corporation (NLMC) has invited bids for the e-auction of its 44.03-acre land parcel at Krishnarajapuram, Bengaluru, at a reserve price of Rs 1,685.40 crore. The property is currently designated for Commercial (Business) use under the Bangalore Development Authority's RMP 2015, according to the RFP. The document said the maximum area of the land is vacant and the entire 44.03 acres is available for monetisation. The reserve price works out to Rs 38.28 crore per acre. The sale will be conducted on an "as is where is", "as is what is", "whatever there is" and "no recourse/no complaint" basis. NLMC has been appointed as transaction advisor by ITI for the sale. The bidding process will comprise an e-tender followed by a forward e-auction. The last date for submission of technical bids and earnest money deposit (EMD) is 16 September 2026, while technical bids will be opened on the same day. The date of the e-auction will be communicated after the opening of technical bids. Eligible bidders are required to have a minimum average net worth of Rs 421.35 crore, equivalent to 25% of the reserve price, for the specified financial years. ITI is engaged in electronic equipment manufacturing and providing telecom turnkey solutions for the creation of a national network. As on June 2026, the Government of India held 90% stake in the company. On a consolidated basis, ITI reported net loss of Rs 32.25 crore in Q1 June 2026 as against net loss of Rs 63.61 crore in Q1 June 2025. Net sales declined 14.65% YoY to Rs 425.03 crore in Q1 June 2026. First Published: Aug 19 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Welspun Corp Ltd is quoting at Rs 1964.9, up 2.49% on the day as on 12:49 IST on the NSE. The stock is up 125.15% in last one year as compared to a 3.99% gain in NIFTY and a 36.64% gain in the Nifty Metal index. Welspun Corp Ltd rose for a third straight session today. The stock is quoting at Rs 1964.9, up 2.49% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.43% on the day, quoting at 24052.05. The Sensex is at 76904.49, down 0.43%. Welspun Corp Ltd has added around 21.61% in last one month. Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has added around 3.46% in last one month and is currently quoting at 13025.3, down 0.37% on the day. The volume in the stock stood at 8.42 lakh shares today, compared to the daily average of 6.88 lakh shares in last one month. The PE of the stock is 68.76 based on TTM earnings ending June 26. First Published: Aug 19 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
OnePlus, OPPO and Samsung raise smartphone prices as rising component costs and slowing demand reshape India’s mobile market. First Published: Aug 19 2026 | 1:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HUL, ITC, HDFC Bank, Dabur among key BSE 500 stocks to hit 52-week lows in Wednesday's trade. First Published: Aug 19 2026 | 12:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 313.19 points or 0.41% to 76,904.66. The Nifty 50 index lost 100.95 points or 0.42% to 24,054.75. In the broader market, the BSE 150 MidCap Index shed 0.33% and the BSE 250 SmallCap Index rose 0.48%. The market breadth was negative. On the BSE, 1,693 shares rose and 2,336 shares fell. A total of 246 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.98% to 11.50. The Nifty 25 August 2026 futures were trading at 24,118.50, at a premium of 63.75 points as compared with the spot at 24,054.75. The Nifty option chain for the 25 August 2026 expiry showed a maximum call OI of 161.5 lakh contracts at the 24,500 strike price. A maximum put OI of 151 lakh contracts was seen at the 24,000 strike price. Buzzing Index: The Nifty Private Bank index shed 0.49% to 27,114.90. The index fell 0.70% in the two consecutive trading sessions. Axis Bank (down 1.26%), ICICI Bank (down 1.13%), Bandhan Bank (down 0.59%), HDFC Bank (down 0.57%), IndusInd Bank (down 0.53%), RBL Bank (down 0.44%), and Federal Bank (down 0.17%) fell. Stocks in Spotlight: Ceigall India added 1.60% after the company, jointly with Rajinder Infrastructure, announced the receipt of a letter of acceptance (LoA) from the Ministry of Road Transport & Highways (MoRTH) for a road construction project. Krystal Integrated Services advanced 1.75% after the company received a work order worth approximately Rs 134 crore from Maharashtra State Road Transport Corporation (MSRTC). First Published: Aug 19 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Euro jumped to a two-month high against the dollar on Wednesday on expectation of rate hike by the European central bank, at a time when the Fed is seen holding rates steady. Elevated energy prices remain a concern for the Euro Area, particularly as tensions in the Middle East show little sign of easing. On Tuesday, ECB chief economist Philip Lane said the regions 3% inflation rate remains too high when considering potential adjustments to policy rates. Data on Tuesday showed that the German ZEW Survey - Economic Sentiment came in at 34.2 in August, versus 26.3 prior, better than the estimates of 30.00. The ZEW Survey - Current Situation improves to -61.1 in August, compared to -77.6 in July, stronger than the -68.8 expected. Markets now await the European Central Bank (ECB) President Christine Lagardes speech slated for later today. Currently, EUR/USD is quoting at $1.1609, up 0.18% on the day. On NSE, EUR/INR futures are trading at 110.86, almost flat on the day. First Published: Aug 19 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Refex Industries has received a domestic work order worth approximately Rs 40.42 crore from an entity based in Maharashtra. Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions. On a year-on-year (YoY) basis, the company's consolidated net profit surged 201.22% to Rs 63.80 crore in Q1 FY27, compared with Rs 21.17 crore in Q1 FY26. Shares of Refex Industries shed 0.95% to Rs 296.90 on the BSE. First Published: Aug 19 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ceigall India added 1.60% to Rs 313.60 after the company, jointly with Rajinder Infrastructure, announced the receipt of letter of acceptance (LoA) from the Ministry of Road Transport & Highways (MoRTH) for road construction project. The contract involves construction of a 37.57-km road on the BileMigging section of NH-913 in Arunachal Pradesh, under the EPC mode. The stretch has a construction period of 48 months and a post-construction maintenance period of five-years. The projects has an aggregate bid cost of Rs 274.08 crore. With Ceigall having 70% stake in the joint venture with Rajinder Infrastructure, its effective share of the order value is around Rs 191.85 crore. Ceigall India is an infrastructure engineering, procurement, and construction (EPC) company engaged in the development of highways, expressways, bridges, flyovers, railway overbridges, tunnels, and runways. The company executes projects under EPC as well as Hybrid Annuity Model (HAM) formats and has a strong track record of timely execution across multiple states in India. The companys consolidated net profit jumped 15.27% to Rs 61.30 crore on a 15.68% increase in revenue from operations to Rs 969.64 crore in Q1 FY27 over Q1 FY26. First Published: Aug 19 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mysore Petro Chemicals Ltd, TECIL Chemical & Hydro Power Ltd, Kohinoor Foods Ltd and Karma Energy Ltd are among the other gainers in the BSE's 'B' group today, 19 August 2026. Mysore Petro Chemicals Ltd, TECIL Chemical & Hydro Power Ltd, Kohinoor Foods Ltd and Karma Energy Ltd are among the other gainers in the BSE's 'B' group today, 19 August 2026. Cressanda Railway Solutions Ltd soared 20.00% to Rs 2.58 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 10.67 lakh shares were traded on the counter so far as against the average daily volumes of 2.38 lakh shares in the past one month. Mysore Petro Chemicals Ltd surged 20.00% to Rs 138.31. The stock was the second biggest gainer in 'B' group. On the BSE, 18541 shares were traded on the counter so far as against the average daily volumes of 4536 shares in the past one month. TECIL Chemical & Hydro Power Ltd spiked 19.95% to Rs 10.52. The stock was the third biggest gainer in 'B' group. On the BSE, 23593 shares were traded on the counter so far as against the average daily volumes of 5925 shares in the past one month. Kohinoor Foods Ltd gained 17.61% to Rs 32.25. The stock was the fourth biggest gainer in 'B' group. On the BSE, 81869 shares were traded on the counter so far as against the average daily volumes of 14317 shares in the past one month. Karma Energy Ltd added 16.79% to Rs 41.25. The stock was the fifth biggest gainer in 'B' group. On the BSE, 238 shares were traded on the counter so far as against the average daily volumes of 404 shares in the past one month. First Published: Aug 19 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With estimated gross development value of about Rs 5,000 cr Arkade Developers has added four new redevelopment projects across key micro-markets in the western suburbs. Collectively, the projects span approximately 45,204 sq. m. (11.17 acres) across Malad West, Kandivali West, Kandivali East and Borivali West. Together, they have an aggregate projected saleable carpet area of approximately 15 lakh sq. ft. and a projected turnover potential of around 5000 crore. Among the newly added developments are projects in the sought-after Ashok Nagar area of Kandivali East and Shankar Lane in Kandivali West. Together, these two projects comprise a plot area of approximately 12,611.5 sq. m., with a projected saleable carpet area of 3.5 lakh sq. ft. and an estimated Gross Development Value of Rs 1,100 crore. The Malad West redevelopment spans approximately 8,428 sq. m. and is expected to offer a projected saleable carpet area of 2.5 lakh sq. ft., with a turnover potential of approximately Rs 900 crore. The largest of the developments is the cluster redevelopment at Yogi Nagar - Plot B in Borivali West. Spread across approximately 24,165 sq. m., the project is expected to offer a projected saleable carpet area of 9 lakh sq. ft. and has a potential turnover of approximately Rs 3,000 crore. First Published: Aug 19 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Paisalo Digital has entered a Memorandum of Understanding with LoanKhata for a proposed co-lending partnership. The partnership marks another step in Paisalo's acceleration phase, as the company scales its loan book, expands distribution and strengthens its technology-led lending model. Under this MoU, Paisalo and LoanKhata intend to establish a co-lending facility aggregating up to Rs 1,000 crore. The proposed participation structure envisages Paisalo funding 80% and LoanKhata funding 20% of each eligible loan. The facility will focus on Micro-enterprises and MSMEs. First Published: Aug 19 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Blackbuck Ltd, Shree Renuka Sugars Ltd, Chennai Petroleum Corporation Ltd and Tourism Finance Corporation of India Ltd are among the other gainers in the BSE's 'A' group today, 19 August 2026. Blackbuck Ltd, Shree Renuka Sugars Ltd, Chennai Petroleum Corporation Ltd and Tourism Finance Corporation of India Ltd are among the other gainers in the BSE's 'A' group today, 19 August 2026. Zaggle Prepaid Ocean Services Ltd spiked 11.25% to Rs 184.5 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 18.8 lakh shares were traded on the counter so far as against the average daily volumes of 1.98 lakh shares in the past one month. Blackbuck Ltd soared 6.09% to Rs 624.65. The stock was the second biggest gainer in 'A' group. On the BSE, 1.42 lakh shares were traded on the counter so far as against the average daily volumes of 50144 shares in the past one month. Shree Renuka Sugars Ltd surged 5.75% to Rs 24.64. The stock was the third biggest gainer in 'A' group. On the BSE, 27.68 lakh shares were traded on the counter so far as against the average daily volumes of 4.21 lakh shares in the past one month. Chennai Petroleum Corporation Ltd advanced 5.18% to Rs 1477. The stock was the fourth biggest gainer in 'A' group. On the BSE, 2.4 lakh shares were traded on the counter so far as against the average daily volumes of 2.1 lakh shares in the past one month. Tourism Finance Corporation of India Ltd rose 4.25% to Rs 128.85. The stock was the fifth biggest gainer in 'A' group. On the BSE, 5.3 lakh shares were traded on the counter so far as against the average daily volumes of 14.24 lakh shares in the past one month. First Published: Aug 19 2026 | 12:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Q&T Foods traded at Rs 115 on the NSE, matching the issue price of Rs 115. The counter hit a high of Rs 115 and a low of Rs 115. About 1.96 lakh shares of the company changed hands at the counter. Q&T Foods' IPO was subscribed 1.40 times. The issue opened for bidding on 12 July 2026 and it closed on 14 August 2026. The price of the IPO was fixed at Rs 115 per share. The IPO comprised 22,82,400 equity shares. The promoter and promoter group shareholding diluted to 61.85% from 91.28% pre-offer. The company intends to utilize the net proceeds to finance the capital expenditure requirements for the purchase of equipment/machineries for existing manufacturing facility, to part-finance the requirement of working capital, to repay/pre-pay, in full or in part, certain borrowings availed by the company and to meet general corporate purposes. Q&T Foods manufactures, markets and sells savoury bakery products under the American Bakers brand, including breads, buns, pizza bases, pav and kulcha. Its diversified product portfolio primarily serves local consumers in Uttar Pradesh. As of 30 June 2026, the company had 37 employees. The company recorded revenue from operations of Rs 54.78 crore and net profit of Rs 5.20 crore for the period ended 31 March 2026. First Published: Aug 19 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lalithaa Jewellery vs Horizon IPO: Analysts decode better bet for investors First Published: Aug 19 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 11:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
City gas distribution (CGD) stocks advanced on Wednesday after the Government of India approved an incentive scheme aimed at accelerating the adoption of domestic piped natural gas (PNG) connections across the country. The scheme, effective from 1 September 2026, incentivises CGD companies to convert unbilled PNG connections into active billed connections and expand their domestic PNG network into new areas. The initiative is aimed at accelerating household access to cleaner, safer and affordable piped cooking gas. Under the scheme, eligible CGD entities will receive an additional allocation of 200 standard cubic metres (SCM) of domestically produced, lower-priced APM gas for every incremental billed domestic PNG connection achieved above the threshold level specified for the respective geographical area. The additional gas allocation will substitute the costlier Liquefied Natural Gas (LNG) that CGD entities currently procure for their Compressed Natural Gas (Transport) segment, thereby lowering their overall gas-sourcing costs. The resulting cost savings are expected to shorten the payback period for capital expenditure incurred on domestic PNG connections from around 10 years to approximately 3 years, providing CGD entities a strong financial incentive to expand household PNG connectivity more rapidly. First Published: Aug 19 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 11:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 11:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Krystal Integrated Services advanced 1.75% to Rs 630.85 after the company received a work order worth approximately Rs 134 crore from Maharashtra State Road Transport Corporation (MSRTC). KISL is a well-diversified service provider in integrated facility management services, staffing solutions, security services, catering, and waste management across India. The company specializes in sectors such as healthcare, education, city infrastructure, waste management, and the manufacturing segment, including state government entities, corporate clients, municipal bodies, and other government offices; airports; railways; metro infrastructure and retail. The companys consolidated net profit jumped 11.3% to Rs 18.85 crore in Q4 FY26 as against Rs 16.93 crore posted in Q4 FY25. Revenue from operations fell 11.7% to Rs 364.94 crore in Q4 FY26 as against Rs 413.10 crore posted in the corresponding quarter last year. First Published: Aug 19 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aster DM Quality Care Ltd notched up volume of 56.57 lakh shares by 10:46 IST on BSE, a 33.95 fold spurt over two-week average daily volume of 1.67 lakh shares Railtel Corporation of India Ltd, Abbott India Ltd, Glaxosmithkline Pharmaceuticals Ltd, Travel Food Services Ltd are among the other stocks to see a surge in volumes on BSE today, 19 August 2026. Aster DM Quality Care Ltd notched up volume of 56.57 lakh shares by 10:46 IST on BSE, a 33.95 fold spurt over two-week average daily volume of 1.67 lakh shares. The stock rose 1.54% to Rs.830.40. Volumes stood at 24374 shares in the last session. Railtel Corporation of India Ltd witnessed volume of 4.89 lakh shares by 10:46 IST on BSE, a 16.11 times surge over two-week average daily volume of 30375 shares. The stock increased 3.95% to Rs.288.10. Volumes stood at 27897 shares in the last session. Abbott India Ltd witnessed volume of 10460 shares by 10:46 IST on BSE, a 14.41 times surge over two-week average daily volume of 726 shares. The stock dropped 0.68% to Rs.26,405.00. Volumes stood at 871 shares in the last session. Glaxosmithkline Pharmaceuticals Ltd witnessed volume of 55092 shares by 10:46 IST on BSE, a 11.13 times surge over two-week average daily volume of 4948 shares. The stock increased 4.61% to Rs.3,016.20. Volumes stood at 21867 shares in the last session. Travel Food Services Ltd witnessed volume of 1.23 lakh shares by 10:46 IST on BSE, a 8.6 times surge over two-week average daily volume of 14296 shares. The stock dropped 1.83% to Rs.1,321.05. Volumes stood at 5288 shares in the last session. First Published: Aug 19 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
S&P 500 drops 0.7% amid semiconductor declines, Meta courtroom battles and cautious forecasts from Klarna. The S&P 500 fell 0.7% for a third straight modest loss since setting its all-time high on Thursday. The Dow Jones Industrial Average dipped 116 points (0.2%) and the Nasdaq composite sank 1.3%. Micron Technology dropped 7% and the seller of computer memory was one of the heaviest weights on the S&P 500. So were chip companies Nvidia which fell 2.3% and Broadcom which sank 3.2%. Even with their recent swings such stocks remain big winners and Micron has more than tripled this year. Meta Platforms fell 4.4% as opening statements began in a pivotal trial in a California federal court, where states are seeking billions of dollars in damages for social media harms to children. Klarna fell 22.8% even though the payments company reported stronger results for the latest quarter than analysts expected. The buy-now, pay-later company cut some of its financial forecasts for 2026, largely because of expectations for Germany, its largest market by volume. South Koreas Kospi fell 1.5%, which counts as relatively modest move for it. It had swung by at least 2.4% in each of its three prior days. Seouls market has been home to some of the worlds sharpest AI-induced swings because its dominated by two tech giants, Samsung Electronics and SK Hynix. The yield on the 10-year U.S. Treasury edged down to 4.70% from 4.72% late Monday but remains well above its 3.97% level from just before the war with Iran began. The 30-year Treasury yield also ticked lower but is still near its highest level since 2007. First Published: Aug 19 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
L&T Technology Services (LTTS) said that it has secured a five-year engagement worth over $75 million from a leading global technology enterprise. Under the agreement, LTTS will deploy its engineering intelligence (EI) capabilities across the customers end-to-end product development and engineering lifecycle. The engagement will cover product engineering, software development, testing, validation, sustenance engineering and platform operations. LTTS will also provide related digital engineering services. In addition, the company will set up a dedicated Engineering Center for the customers technology and digital functions. The centre will use LTTS full suite of EI solutions to support the development of next-generation products and solutions across the customers global portfolio. L&T Technology Services (LTTS), a subsidiary of Larsen & Toubro, is a global engineering research and development (ER&D) services company offering design, development, testing and lifecycle support across products and processes. The company serves 69 Fortune 500 companies and 57 leading ER&D firms across industries including industrial products, medical devices, transportation, telecom and hi-tech, and process industries. On a consolidated basis, the company's net income from continuing operations increased 17.4% YoY and 1.5% QoQ to Rs 351.8 crore in Q1 FY27. Revenue increased 11.5% YoY and 2.9% QoQ to Rs 2,940.1 crore during the quarter. The scrip rose 0.96% to currently trade at Rs 3533.90 on the BSE. First Published: Aug 19 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Prism Johnson rose 7.05% to Rs 112.40 after the company was declared the successful bidder for supply of 1,28,000 metric tonnes (MT) of coal per annum by subsidiaries of Coal India. Eastern Coalfields (ECL) will supply 24,000 MT of coal per annum, while South Eastern Coalfields (SECL) will supply 1,04,000 MT per annum to the company. The supply agreements will be executed for a period of 10 years from the date of execution of the respective Fuel Supply Agreements. The total value of the contracts with the Coal India subsidiaries is approximately Rs 70.49 crore per annum. The Fuel Supply Agreements are to be executed within 90 days from the issuance of the Letters of Intent dated 17 August 2026. Following the successful bid, Prism Johnson's total coal linkage has increased to 2,79,400 MT per annum, covering approximately half of the annual fuel requirement of its Cement Division. The company's existing coal linkage stood at 1,51,400 MT per annum, of which 1,11,400 MT per annum is scheduled to expire in February 2027. The company said the new coal linkages will supplement its existing arrangements. The contracts are domestic in nature and do not constitute related party transactions. Prism Johnson is an integrated building materials companies, offering a wide range of products from cement and ready-mixed concrete to tiles and bath products. On a consolidated basis, Prism Johnson's net profit surged to Rs 104.23 crore in Q1 June 2026 as against Rs 2.54 crore in Q1 June 2025. Net sales rose 1.72% YoY to Rs 1811.36 crore in Q1 June 2026. First Published: Aug 19 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Considering today's peak, Milky Mist trades 42.5 per cent above its issue price. The company has a market capitalisation of ?15,362 crore, according to BSE. First Published: Aug 19 2026 | 10:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Shiprocket were currently trading at Rs 135.35 at 10:11 IST on the BSE, representing a premium of 39.70% as compared with the issue price of Rs 97. So far, the stock has hit a high of Rs 143.90 and a low of Rs 129.50. On the BSE, over 55.22 lakh shares of the company were traded in the counter so far. The offer received bids for 938.52 crore shares as against 9.44 crore shares on offer. The issue was subscribed 99.38 times. The issue opened for bidding on 12 August 2026 and closed on 14 August 2026. The price band of the IPO was fixed between Rs 92 and 97 per share. The IPO comprised an Rs 885.5 crore fresh issue and an Rs 731.98 crore offer for sale (OFS). Investors L R India Fund, Tribe Capital, MCP3 SPV LLC, Moore Strategic Ventures, Agility International Investment LLC, and 500 Startups will offload a part of their stake in the OFS. The company plans to utilize Rs 365.6 crore for expanding its platforms, including Rs 205.8 crore for marketing and Rs 159.8 crore for technology infrastructure and capabilities. Another Rs 210 crore will be towards repaying or prepaying borrowings. The balance will be utilized towards unidentified acquisitions and general corporate purposes. Shiprocket is a new-age merchant-first and AI-driven technology platform that helps MSMEs to operate their e-commerce business efficiently by providing services like logistics, checkout, payments, fulfillment, and cross-border trade, allowing merchants to sell online and offline both efficiently. In FY2026 it served 214,769 active merchants across multiple product categories, which reduced dependence on any single merchant or segment. The business is heavily dependent on third-party partners. Merchant solution costs accounted for 69.39% of total expenses in FY26, while its top 10 vendors contributed 55.24%. Ahead of the IPO, Shiprocket, on 11 August 2026, raised Rs 727.41 crore from anchor investors. The board allotted 7.49 crore shares at Rs 97 each to 50 anchor investors. The firm reported a consolidated net loss of Rs 79.24 crore and sales of Rs 2,024.14 crore for the twelve months ended on 31 March 2026. First Published: Aug 19 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Behari Lal Engineering were currently trading at Rs 474 at 10:10 IST on the BSE, representing a premium of 66.32% as compared with the issue price of Rs 285. So far, the stock has hit a high of Rs 489.35 and a low of Rs 458. On the BSE, over 10.75 lakh shares of the company were traded in the counter so far. Behari Lal Engineering was subscribed 108.44 times. The issue opened for bidding on 12 August 2026 and closed on 14 August 2026. The price band of the IPO is fixed between Rs 271 and 285 per share. The issue comprised an offer for sale of 2,59,31,407 equity shares of face value of Rs 10 each and a fresh issue of equity shares aggregating up to 2,59,31,407 shares. Of the net proceeds from the fresh issue, the company intends to allocate Rs 19.589 crore and Rs 36.650 crore towards the purchase and installation of new equipment, along with civil works for such installation, at Manufacturing Facility 1 and Manufacturing Facility 2, respectively. Further, Rs 3.40 crore each will be utilised towards the purchase and installation of new rooftop solar panels at Manufacturing Facility 1 and Manufacturing Facility 2, respectively. Another Rs 0.57 crore will be utilised towards repayment of borrowings, with the balance earmarked for general corporate purposes. Behari Lal Engineering (BLEL), promoted by Parkash Chand Garg, is an integrated iron and steel manufacturing company specializing in customized engineering solutions. It has a broad product portfolio comprising, inter alia, alloy steel products, metal rolls, engineering casting and forging ingots and forged shafts/blocks. BLELs precision-engineered products cater to a wide variety of industrial applications, and they cater to a vast array of industries, including automobiles, steel, cement, mining, infrastructure and construction, power, aerospace and defence. In FY26 revenue from operations, about 38.65% is from automobiles, 20.68% from infrastructure, 18.35% from aggregate crusher manufacturers, 16.85% from industrial equipment manufacturers and 5.47% from others that include aerospace, defence, cement and power. Ahead of the IPO, Behari Lal Engineering, on 11 August 2026, raised Rs 90.48 crore from anchor investors. The board allotted 31.74 lakh shares at Rs 285 each to 11 anchor investors. The firm reported a consolidated net loss of Rs 64.64 crore and sales of Rs 534.03 crore for the twelve months ended on 31 March 2026. First Published: Aug 19 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Max Estates clocks ?37,000/sq ft at Max One as Delhi-NCR luxury housing stays resilient First Published: Aug 19 2026 | 10:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 19 2026 | 10:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 19 2026 | 10:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Interarch Building Solutions jumped 1.85% to Rs 1,752 after the company received Rs 128 crore contract from a domestic FMCG player of international repute to construct a manufacturing facility for homecare/beauty and wellness products. The order covers complete design, engineering, manufacturing, supply and erection of the facility. The contract provides for a 20% advance payment and is expected to be completed within approximately 10 months. Interarch Building Solutions provides turnkey pre-engineered steel construction solutions in India. The companys standalone net profit declined marginally by 0.46% to Rs 28.25 crore in Q1 FY27 from Rs 28.38 crore in Q1 FY26. Net sales, however, jumped 20.72% year on year to Rs 459.65 crore during the quarter. First Published: Aug 19 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zaggle share price up 26% from Tuesday's low on stake buy by Vijay Kedia firm. First Published: Aug 19 2026 | 10:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Behari Lal Engineering shares make a blockbuster debut, list at 63% premium First Published: Aug 19 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 19 2026 | 9:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jubilant Ingrevia said that its board has approved the company's entry into a binding term sheet with Zettaone Technologies India for the acquisition of a 40% strategic equity stake in Zettaone for a total consideration of Rs 189.2 crore. "Following completion of the proposed acquisition, Zettaone Technologies will become an associate company of Jubilant Ingrevia," the company said in a statement. Zettaone Technologies is an electronics design and manufacturing platform with integrated capabilities in electronics/semicon industry. From R&D, design and prototyping, manufacturing, assembly and box build, the company delivers engineering excellence for aerospace, defence, semi-conductor, automotive, medical and industrial applications. This acquisition will allow the Company to capitalize on its proven manufacturing and customer-centric capabilities in CDMO space, while further strengthening its engagement with customers across the electronics and semiconductor value chain. The acquisition is proposed to be completed in two tranches, with the first tranche expected to close by November 2026 and the second tranche is expected to close by September 2027. Shyam S Bhartia, chairman, Jubilant Ingrevia, and Hari S Bhartia, co-chairman & whole-time director, Jubilant Ingrevia, said: The proposed investment is aligned with the company's Pinnacle growth strategy and provides a strong platform for its play in electronics development and manufacturing services (EDMS) space. The transaction will enable the company to deliver an integrated value proposition in electronics and semi-conductor space, leading to long-term and sustainable value creation." Jubilant Ingrevia is a leading player in specialty chemicals & CDMO globally, serving pharmaceutical, nutrition, agrochemical, consumer, semiconductor and industrial customers. It offers customised solutions that are innovative, cost effective and conform to global quality standards and has a broad portfolio of 130+ products. The scrip was up 0.08% to currently trade at Rs 726.50 on the BSE. First Published: Aug 19 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
L&T Technology Services (LTTS) has secured a landmark engagement valued at over $75 Million from a leading global technology enterprise. As part of the 5-year agreement, LTTS will deploy its Engineering Intelligence (EI) capabilities across the end-to-end product development and engineering lifecycle, helping accelerate the development of next generation solutions for the customer's global portfolio. LTTS will also enable the creation of a dedicated Engineering Center for technology and digital functions, leveraging its full stack of EI solutions. First Published: Aug 19 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.49% to Rs 126.76 crore First Published: Aug 19 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Aug 19 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 96.83% to Rs 0.24 crore First Published: Aug 19 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 89.51% to Rs 2.02 crore First Published: Aug 19 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 41.71% to Rs 2.82 crore First Published: Aug 19 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 15.57% to Rs 52.69 crore First Published: Aug 19 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 38.19% to Rs 2.80 crore First Published: Aug 19 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty formed a bearish candle on the daily frame and has been making lower highs from the last eleven sessions. First Published: Aug 19 2026 | 8:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex will likely open on a tepid note amid losses in global equities. First Published: Aug 19 2026 | 7:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch today: Swiggy, Manipal Health, Biocon, RailTel, Sammaan Capital First Published: Aug 19 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GRSE's stock price has broken out from a falling wedge pattern on the daily chart. First Published: Aug 19 2026 | 7:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices ticked higher in early trade on Wednesday, climbing for a fourth straight day on supply uncertainty as investors weighed conflicting messages from Tehran and Washington on whether the Strait of Hormuz is open to ships. Brent crude futures climbed 26 cents, ?or 0.29%, to $91.28 by 0004 GMT, while US West Texas Intermediate crude futures were up 37 cents to $85.31 a barrel. Both contracts closed on Tuesday at their highest since July 24 as hopes of peace between the US and Iran faded. US President Donald Trump said on Tuesday no talks were taking place with Iran and insisted the Strait of Hormuz was open, contradicting Iran's assertion that the critical waterway remained shut to shipping. A temporary ceasefire agreement expired on Monday and a senior Iranian official told Reuters that ?his country was moving to a "fully offensive" military posture due to the diplomatic stalemate, though there were no reports of fresh strikes by either side on Tuesday. To avoid the Strait of Hormuz, Iraq's cabinet approved mechanisms for exporting Iraqi crude through specialized international and local companies and via multiple export outlets, the government said on Tuesday. The contracts under the new mechanism will run for three months starting September 1, according to a statement issued after the cabinet meeting. Meanwhile, two ?Chinese shipping giants have stopped sending oil tankers through Hormuz and the Bab al-Mandeb strait amid the conflict in the West Asia and are instead ?collecting oil cargoes outside the Gulf, according to three industry executives, tanker trackers and ?a ship broker. In the US, crude oil and distillate inventories fell, while gasoline stocks rose last week, market sources said on Tuesday, citing data from ?the American Petroleum Institute. Official inventory numbers from the US Energy Information Administration are due at 10:30 a.m. ET (1430 GMT), with analysts polled by Reuters expecting crude stocks ?fell by about 600,000 barrels in the week ended August 14. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 19 2026 | 7:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 19 2026 | 12:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 19 2026 | 12:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 10:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Colgate-Palmolive, Colgate This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Colgate-Palmolive, Colgate This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 9:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Startup accelerator Y Combinator on Tuesday divested nearly a 1.2 per cent stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 1,435 crore through an open market transaction. US-based Y Combinator through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19 per cent stake in Bengaluru-based Groww, as per the bulk deal data on the BSE. The shares were offloaded at an average price of Rs 192.16 apiece, taking the transaction size to Rs 1,435.19 crore. After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44 per cent from 8.63 per cent. Details of the buyers of Billionbrains Garage Ventures' shares could not be ascertained on the exchange. Shares of Billionbrains Garage Ventures settled 2.52 per cent lower at Rs 193.70 apiece on the BSE on Tuesday. In May, Y Combinator sold a 1.45 per cent stake in Billionbrains Garage Ventures for Rs 1,642 crore through an open market transaction. Billionbrains Garage Ventures reported a 94 per cent rise in its net profit to Rs 735 crore for the quarter ended June 30, 2026. The Bengaluru-based stockbroker had reported a net profit of Rs 378 crore in the year-ago period. Groww, the country's largest broking firm by active investors, reported a 66 per cent increase in consolidated revenue from operations to Rs 1,501 crore in Q1 FY27, compared to Rs 904 crore in the year-ago period. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 18 2026 | 8:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Startup accelerator Y Combinator on Tuesday divested nearly a 1.2 per cent stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 1,435 crore through an open market transaction. US-based Y Combinator through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19 per cent stake in Bengaluru-based Groww, as per the bulk deal data on the BSE. The shares were offloaded at an average price of Rs 192.16 apiece, taking the transaction size to Rs 1,435.19 crore. After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44 per cent from 8.63 per cent. Details of the buyers of Billionbrains Garage Ventures' shares could not be ascertained on the exchange. Shares of Billionbrains Garage Ventures settled 2.52 per cent lower at Rs 193.70 apiece on the BSE on Tuesday. In May, Y Combinator sold a 1.45 per cent stake in Billionbrains Garage Ventures for Rs 1,642 crore through an open market transaction. Billionbrains Garage Ventures reported a 94 per cent rise in its net profit to Rs 735 crore for the quarter ended June 30, 2026. The Bengaluru-based stockbroker had reported a net profit of Rs 378 crore in the year-ago period. Groww, the country's largest broking firm by active investors, reported a 66 per cent increase in consolidated revenue from operations to Rs 1,501 crore in Q1 FY27, compared to Rs 904 crore in the year-ago period. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 18 2026 | 8:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Startup accelerator Y Combinator on Tuesday divested nearly a 1.2 per cent stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 1,435 crore through an open market transaction. US-based Y Combinator through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19 per cent stake in Bengaluru-based Groww, as per the bulk deal data on the BSE. The shares were offloaded at an average price of Rs 192.16 apiece, taking the transaction size to Rs 1,435.19 crore. After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44 per cent from 8.63 per cent. Details of the buyers of Billionbrains Garage Ventures' shares could not be ascertained on the exchange. Shares of Billionbrains Garage Ventures settled 2.52 per cent lower at Rs 193.70 apiece on the BSE on Tuesday. In May, Y Combinator sold a 1.45 per cent stake in Billionbrains Garage Ventures for Rs 1,642 crore through an open market transaction. Billionbrains Garage Ventures reported a 94 per cent rise in its net profit to Rs 735 crore for the quarter ended June 30, 2026. The Bengaluru-based stockbroker had reported a net profit of Rs 378 crore in the year-ago period. Groww, the country's largest broking firm by active investors, reported a 66 per cent increase in consolidated revenue from operations to Rs 1,501 crore in Q1 FY27, compared to Rs 904 crore in the year-ago period. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 18 2026 | 8:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Startup accelerator Y Combinator on Tuesday divested nearly a 1.2 per cent stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 1,435 crore through an open market transaction. US-based Y Combinator through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19 per cent stake in Bengaluru-based Groww, as per the bulk deal data on the BSE. The shares were offloaded at an average price of Rs 192.16 apiece, taking the transaction size to Rs 1,435.19 crore. After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44 per cent from 8.63 per cent. Details of the buyers of Billionbrains Garage Ventures' shares could not be ascertained on the exchange. Shares of Billionbrains Garage Ventures settled 2.52 per cent lower at Rs 193.70 apiece on the BSE on Tuesday. In May, Y Combinator sold a 1.45 per cent stake in Billionbrains Garage Ventures for Rs 1,642 crore through an open market transaction. Billionbrains Garage Ventures reported a 94 per cent rise in its net profit to Rs 735 crore for the quarter ended June 30, 2026. The Bengaluru-based stockbroker had reported a net profit of Rs 378 crore in the year-ago period. Groww, the country's largest broking firm by active investors, reported a 66 per cent increase in consolidated revenue from operations to Rs 1,501 crore in Q1 FY27, compared to Rs 904 crore in the year-ago period. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 18 2026 | 8:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Startup accelerator Y Combinator on Tuesday divested nearly a 1.2 per cent stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 1,435 crore through an open market transaction. US-based Y Combinator through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19 per cent stake in Bengaluru-based Groww, as per the bulk deal data on the BSE. The shares were offloaded at an average price of Rs 192.16 apiece, taking the transaction size to Rs 1,435.19 crore. After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44 per cent from 8.63 per cent. Details of the buyers of Billionbrains Garage Ventures' shares could not be ascertained on the exchange. Shares of Billionbrains Garage Ventures settled 2.52 per cent lower at Rs 193.70 apiece on the BSE on Tuesday. In May, Y Combinator sold a 1.45 per cent stake in Billionbrains Garage Ventures for Rs 1,642 crore through an open market transaction. Billionbrains Garage Ventures reported a 94 per cent rise in its net profit to Rs 735 crore for the quarter ended June 30, 2026. The Bengaluru-based stockbroker had reported a net profit of Rs 378 crore in the year-ago period. Groww, the country's largest broking firm by active investors, reported a 66 per cent increase in consolidated revenue from operations to Rs 1,501 crore in Q1 FY27, compared to Rs 904 crore in the year-ago period. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 18 2026 | 8:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Startup accelerator Y Combinator on Tuesday divested nearly a 1.2 per cent stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 1,435 crore through an open market transaction. US-based Y Combinator through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19 per cent stake in Bengaluru-based Groww, as per the bulk deal data on the BSE. The shares were offloaded at an average price of Rs 192.16 apiece, taking the transaction size to Rs 1,435.19 crore. After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44 per cent from 8.63 per cent. Details of the buyers of Billionbrains Garage Ventures' shares could not be ascertained on the exchange. Shares of Billionbrains Garage Ventures settled 2.52 per cent lower at Rs 193.70 apiece on the BSE on Tuesday. In May, Y Combinator sold a 1.45 per cent stake in Billionbrains Garage Ventures for Rs 1,642 crore through an open market transaction. Billionbrains Garage Ventures reported a 94 per cent rise in its net profit to Rs 735 crore for the quarter ended June 30, 2026. The Bengaluru-based stockbroker had reported a net profit of Rs 378 crore in the year-ago period. Groww, the country's largest broking firm by active investors, reported a 66 per cent increase in consolidated revenue from operations to Rs 1,501 crore in Q1 FY27, compared to Rs 904 crore in the year-ago period. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 18 2026 | 8:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Startup accelerator Y Combinator on Tuesday divested nearly a 1.2 per cent stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 1,435 crore through an open market transaction. US-based Y Combinator through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19 per cent stake in Bengaluru-based Groww, as per the bulk deal data on the BSE. The shares were offloaded at an average price of Rs 192.16 apiece, taking the transaction size to Rs 1,435.19 crore. After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44 per cent from 8.63 per cent. Details of the buyers of Billionbrains Garage Ventures' shares could not be ascertained on the exchange. Shares of Billionbrains Garage Ventures settled 2.52 per cent lower at Rs 193.70 apiece on the BSE on Tuesday. In May, Y Combinator sold a 1.45 per cent stake in Billionbrains Garage Ventures for Rs 1,642 crore through an open market transaction. Billionbrains Garage Ventures reported a 94 per cent rise in its net profit to Rs 735 crore for the quarter ended June 30, 2026. The Bengaluru-based stockbroker had reported a net profit of Rs 378 crore in the year-ago period. Groww, the country's largest broking firm by active investors, reported a 66 per cent increase in consolidated revenue from operations to Rs 1,501 crore in Q1 FY27, compared to Rs 904 crore in the year-ago period. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 18 2026 | 8:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Startup accelerator Y Combinator on Tuesday divested nearly a 1.2 per cent stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 1,435 crore through an open market transaction. US-based Y Combinator through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19 per cent stake in Bengaluru-based Groww, as per the bulk deal data on the BSE. The shares were offloaded at an average price of Rs 192.16 apiece, taking the transaction size to Rs 1,435.19 crore. After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44 per cent from 8.63 per cent. Details of the buyers of Billionbrains Garage Ventures' shares could not be ascertained on the exchange. Shares of Billionbrains Garage Ventures settled 2.52 per cent lower at Rs 193.70 apiece on the BSE on Tuesday. In May, Y Combinator sold a 1.45 per cent stake in Billionbrains Garage Ventures for Rs 1,642 crore through an open market transaction. Billionbrains Garage Ventures reported a 94 per cent rise in its net profit to Rs 735 crore for the quarter ended June 30, 2026. The Bengaluru-based stockbroker had reported a net profit of Rs 378 crore in the year-ago period. Groww, the country's largest broking firm by active investors, reported a 66 per cent increase in consolidated revenue from operations to Rs 1,501 crore in Q1 FY27, compared to Rs 904 crore in the year-ago period. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 18 2026 | 8:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Startup accelerator Y Combinator on Tuesday divested nearly a 1.2 per cent stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 1,435 crore through an open market transaction. US-based Y Combinator through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19 per cent stake in Bengaluru-based Groww, as per the bulk deal data on the BSE. The shares were offloaded at an average price of Rs 192.16 apiece, taking the transaction size to Rs 1,435.19 crore. After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44 per cent from 8.63 per cent. Details of the buyers of Billionbrains Garage Ventures' shares could not be ascertained on the exchange. Shares of Billionbrains Garage Ventures settled 2.52 per cent lower at Rs 193.70 apiece on the BSE on Tuesday. In May, Y Combinator sold a 1.45 per cent stake in Billionbrains Garage Ventures for Rs 1,642 crore through an open market transaction. Billionbrains Garage Ventures reported a 94 per cent rise in its net profit to Rs 735 crore for the quarter ended June 30, 2026. The Bengaluru-based stockbroker had reported a net profit of Rs 378 crore in the year-ago period. Groww, the country's largest broking firm by active investors, reported a 66 per cent increase in consolidated revenue from operations to Rs 1,501 crore in Q1 FY27, compared to Rs 904 crore in the year-ago period. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 18 2026 | 8:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Startup accelerator Y Combinator on Tuesday divested nearly a 1.2 per cent stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 1,435 crore through an open market transaction. US-based Y Combinator through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19 per cent stake in Bengaluru-based Groww, as per the bulk deal data on the BSE. The shares were offloaded at an average price of Rs 192.16 apiece, taking the transaction size to Rs 1,435.19 crore. After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44 per cent from 8.63 per cent. Details of the buyers of Billionbrains Garage Ventures' shares could not be ascertained on the exchange. Shares of Billionbrains Garage Ventures settled 2.52 per cent lower at Rs 193.70 apiece on the BSE on Tuesday. In May, Y Combinator sold a 1.45 per cent stake in Billionbrains Garage Ventures for Rs 1,642 crore through an open market transaction. Billionbrains Garage Ventures reported a 94 per cent rise in its net profit to Rs 735 crore for the quarter ended June 30, 2026. The Bengaluru-based stockbroker had reported a net profit of Rs 378 crore in the year-ago period. Groww, the country's largest broking firm by active investors, reported a 66 per cent increase in consolidated revenue from operations to Rs 1,501 crore in Q1 FY27, compared to Rs 904 crore in the year-ago period. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 18 2026 | 8:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Startup accelerator Y Combinator on Tuesday divested nearly a 1.2 per cent stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 1,435 crore through an open market transaction. US-based Y Combinator through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19 per cent stake in Bengaluru-based Groww, as per the bulk deal data on the BSE. The shares were offloaded at an average price of Rs 192.16 apiece, taking the transaction size to Rs 1,435.19 crore. After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44 per cent from 8.63 per cent. Details of the buyers of Billionbrains Garage Ventures' shares could not be ascertained on the exchange. Shares of Billionbrains Garage Ventures settled 2.52 per cent lower at Rs 193.70 apiece on the BSE on Tuesday. In May, Y Combinator sold a 1.45 per cent stake in Billionbrains Garage Ventures for Rs 1,642 crore through an open market transaction. Billionbrains Garage Ventures reported a 94 per cent rise in its net profit to Rs 735 crore for the quarter ended June 30, 2026. The Bengaluru-based stockbroker had reported a net profit of Rs 378 crore in the year-ago period. Groww, the country's largest broking firm by active investors, reported a 66 per cent increase in consolidated revenue from operations to Rs 1,501 crore in Q1 FY27, compared to Rs 904 crore in the year-ago period. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 18 2026 | 8:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Startup accelerator Y Combinator on Tuesday divested nearly a 1.2 per cent stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 1,435 crore through an open market transaction. US-based Y Combinator through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19 per cent stake in Bengaluru-based Groww, as per the bulk deal data on the BSE. The shares were offloaded at an average price of Rs 192.16 apiece, taking the transaction size to Rs 1,435.19 crore. After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44 per cent from 8.63 per cent. Details of the buyers of Billionbrains Garage Ventures' shares could not be ascertained on the exchange. Shares of Billionbrains Garage Ventures settled 2.52 per cent lower at Rs 193.70 apiece on the BSE on Tuesday. In May, Y Combinator sold a 1.45 per cent stake in Billionbrains Garage Ventures for Rs 1,642 crore through an open market transaction. Billionbrains Garage Ventures reported a 94 per cent rise in its net profit to Rs 735 crore for the quarter ended June 30, 2026. The Bengaluru-based stockbroker had reported a net profit of Rs 378 crore in the year-ago period. Groww, the country's largest broking firm by active investors, reported a 66 per cent increase in consolidated revenue from operations to Rs 1,501 crore in Q1 FY27, compared to Rs 904 crore in the year-ago period. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 18 2026 | 8:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 8:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 8:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shivraj Singh Chouhan, Minister of Agriculture and Farmers Welfare of India First Published: Aug 18 2026 | 7:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shivraj Singh Chouhan, Minister of Agriculture and Farmers Welfare of India First Published: Aug 18 2026 | 7:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE, Stock Markets First Published: Aug 18 2026 | 7:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE, Stock Markets First Published: Aug 18 2026 | 7:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 7:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 7:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bond market, Bond Yield First Published: Aug 18 2026 | 7:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bond market, Bond Yield First Published: Aug 18 2026 | 7:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bond market, Bond Yield First Published: Aug 18 2026 | 7:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Jio This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Jio This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Colgate PerioGard announced that its advanced gum care portfolio - comprising PerioGard Toothpaste, Toothbrush and Mouthwash - has become the first in India to receive the Indian Society of Periodontology (ISP) Seal of Acceptance. This recognition marks a significant milestone in Indian oral healthcare, underscoring the brand's commitment to advancing solution-oriented care through rigorous, clinical innovation. The prestigious ISP Seal is awarded only after a stringent scientific evaluation of a product's safety and efficacy. By earning this distinction, Colgate PerioGard not only reinforces its leadership in evidence-based care but also establishes a new national benchmark for validated gum health solutions. First Published: Aug 18 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The contract has been awarded for the engagement of user fee collection for Palayam Fee Plaza at Km 154+500 of NH-44, covering the Krishnagiri to Thumbipadi section from Km 94+000 to Km 180+000 on BOT basis in the State of Tamil Nadu. The total contract value is Rs. 80.17 crore, and the contract period is 90 days. First Published: Aug 18 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
One MobiKwik Systems announced the completion of the transfer of its entire digital lending business, along with the associated employees, to MobiKwik Distribution Services (MDSPL), its wholly owned subsidiary. MobiKwik has established MDSPL as a dedicated subsidiary to undertake its digital lending activities, including sourcing and distribution of lending products. The LSP transfer follows the requisite corporate approvals, including a special resolution approved by shareholders through a postal ballot on 02 July 2026. Following the shareholder approval, One MobiKwik Systems infused Rs 60.85 crore as equity into MDSPL. First Published: Aug 18 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Complimenting the North East Gas Grid Oil & Natural Gas Corpn (ONGC) successfully commissioned gas evacuation facilities at Khoraghat GGS-1 in Golaghat district, Assam, on 18 August 2026. The facility enables surplus associated natural gas from the Upper Assam Shelf to be processed and evacuated through the North East Gas Grid (NEGG) developed by Indradhanush Gas Grid (IGGL). The development complements the commissioning of the Dergaon-Dimapur Pipeline, which has connected Nagaland to the North East Gas Grid and the National Gas Grid. The new connectivity will facilitate utilisation of nearly 1 lakh Standard Cubic Metres (SCM) of gas per day from ONGC's Jorhat asset. ONGC is also developing hook-up facilities at Jantapathar and Kasomarigaon to connect additional producing fields of Jorhat Asset with the North East Gas Grid. These projects will further augment gas availability, reduce flaring and strengthen the gas-based economy of the region. First Published: Aug 18 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For a consideration of Rs 9.12 cr Alivus Life Sciences has acquired 76% stake in IQGenX Pharma for a consideration of Rs 9.12 crore. Founded in October 2016, IQGenX Pharma is a custom research organization which operates in formulation development of oral solids, sterile injectable and ophthalmic solutions for US, EU, Latin America, Middle East and other highly regulated and semi regulated markets. While APIs anchor everything that Alivus does, this acquisition enables the company to leverage its core portfolio selectively into advanced formulation development. The resultant integrated end-to-end platform will deliver deep scientific expertise across complex delivery formats, including oral solids, complex injectables and ophthalmics. Through the IQGenX platform, Alivus extends its operational footprint to include rigorous bioequivalence and stability studies, thereby enabling comprehensive regulatory filings tailored for diverse global markets. This will help significantly to expand the company's global customer base in the generic pharmaceutical segment. Additionally, Alivus is significantly scaling up its value proposition for global CDMO customers through this expanded service platform which will cover pre-formulation studies, prototype development, process optimisation, seamless scale-up, clinical supplies and full-scale commercial manufacturing. These will be complemented with analytical development, methods validation, stability programmes and complete regulatory submission support. Furthermore, Alivus will strategically leverage IQGenX's specialised platform alongside its own world class API portfolio, with primary focus on Oncology, to curate a high-impact basket of differentiated, niche assets. Backed by validated, commercial-scale manufacturing capabilities, these assets are primed for strategic out-licensing across multiple geographies. First Published: Aug 18 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee depreciated 7 paise to close at 95.68 (provisional) against the US dollar on Tuesday, weighed down by elevated crude oil prices and lingering geopolitical tensions in West Asia. Local shares also closed lower on Tuesday as rising oil prices and global bond yields amid an apparent impasse in Middle East peace talks rekindled inflation and interest-rate worries. The benchmark indices ended lower on Tuesday, with the NIFTY 50 closing at 24,154.90 (down 132.75 points, or 0.55%) and the BSE SENSEX closing at 77,235.46 (down 492.70 points, or 0.63%). Meanwhile, the USD/INR pair is likely to trade with a slight negative bias, pressured by the delay in the deal between the US and Iran, rising crude oil prices and broader dollar support. At the interbank foreign exchange, the rupee opened at 95.68 against the greenback and traded in a range of 95.64-95.69 during the session. It eventually settled at 95.68 (provisional), lower by 7 paise from its previous close. First Published: Aug 18 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 5:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 5.94 crore shares as against 25.13 crore shares on offer. The issue opened for bidding on 17 August 2026 and will close on 19 August 2026. The price band of the IPO is fixed between Rs 57 and 60 per share. An investor can bid for a minimum of 250 equity shares and multiples thereof The issue comprises only issue of fresh shares of Rs 10 face value aggregating to Rs 2,600 crore. Of the net proceeds from fresh issue, the company intends to use Rs 2,250 crore towards re/pre-payment (in full or part) of certain borrowings availed by the company as well as certain of its wholly owned subsidiaries and balance towards general corporate purposes. Ahead of the IPO, Horizon Industrial Parks on Friday, 14 August 2026, raised Rs 1,167.75 crore from anchor investors. The board allotted 19.46 crore shares at Rs 60 each to 54 anchor investors. Horizon Industrial Parks (HIPL) offers clients Grade A quality fulfillment centers (warehouses), industrial facilities, and in-city centers across the countrys major industrial and consumption hubs. HIPL is the only scaled pure-play industrial and logistics platform offering comprehensive solutions to customers, combining real estate, infrastructure and operational services under one roof. The total network of 58.58 million sq ft comprises 51.67 million sq ft of industrial & logistics parks and 17 in-city centres with an area of 6.91 million sq ft spread across seven cities/metropolitan areas. The firm reported a consolidated net loss of Rs 197.64 crore and sales of Rs 691.38 crore for the twelve months ended on 31 March 2026. First Published: Aug 18 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 2.37 crore shares as against 54.86 lakh shares on offer. The issue opened for bidding on 18 August 2026 and it will close on 20 August 2026. The price band of the IPO is fixed between Rs 342 and 360 per share. An investor can bid for a minimum of 41 equity shares and multiples thereof. The IPO comprises a fresh issue of equity shares worth up to Rs 1,428 crore and an offer for sale of equity shares aggregating up to Rs 125 crore by Sathishkumar T and Anitha S. The offer consists of both a fresh issue and an offer for sale component (OFS). The fresh issue will include 48,00,034 shares aggregating up to Rs 172.80 crore at the upper price band of Rs 360. OFS includes 30,37,157 shares of Rs 10 aggregating up to Rs 109.3 crore at upper price band of Rs 360. The total number of shares and aggregate amount are 78,37,191 shares aggregating up to Rs 282.14 crore at upper price band of Rs 360. Promoters Vipul Amrutlal Shah and Shefali Shah will offload a part of their stake in the OFS. SPL plans to utilize Rs 112.5 crore towards working capital requirements and the balance towards general corporate purposes. Sunshine Pictures (SPL) is a content production house engaged in creating, producing, marketing and distributing films, TV serials and web series. The company has produced popular films such as Force, Commando, Holiday, Force 2, Commando 2 and The Kerala Story. It currently has multiple projects in production and development, including films and web series scheduled for release in FY27. However, its revenue and profitability remain dependent on the commercial success and audience acceptance of its content, making earnings inherently unpredictable. Ahead of the IPO, Sunshine Pictures on Monday, 11 August 2026, raised Rs 84.64 crore from anchor investors. The board allotted 23.51 lakh shares at Rs 360 each to 9 anchor investors. First Published: Aug 18 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 19.25 crore shares as against 6.27 crore shares on offer. The issue opened for bidding on 17 August 2026 and will close on 19 August 2026. The price band of the IPO is fixed between Rs 190 and 201 per share. An investor can bid for a minimum of 74 equity shares and multiples thereof The IPO comprises a fresh issue of equity shares worth up to Rs 1,200 crore and an offer for sale aggregating up to Rs 500 crore by M. Kiran Kumar Jain. The objectives of the fresh issue include Rs 34.5 crore for capital expenditure towards fit-outs, including furniture and fixtures, equipment, IT hardware and software, Rs 998.6 crore for inventory costs for setting up new stores, and the remaining amount for general corporate purposes. Ahead of the IPO, Lalithaa Jewellery on Friday , 14 August 2026, raised Rs 508.19 crore from anchor investors. The board allotted 2.52 crore shares at Rs 201 each to 22 anchor investors. Lalithaa Jewellery Mart is a jewellery retailer operating under the brand name, Lalithaa, offering a diverse range of gold jewellery, silver jewellery, and diamond jewellery across styles, designed to cater to regional preferences of the southern Indian jewellery markets. Gold jewellery remains the companys key revenue driver, contributing 92.33% of revenue in FY26, followed by silver jewellery and articles at 6.63%, while other products contributed the remaining 1.04%. The company operates some of the largest jewellery stores in India, including a 1 lakh sq. ft. store in Vijayawada, along with large-format stores in Somajiguda and Visakhapatnam. Of its 61 stores, 51 stores had an area of more than 5,000 sq. ft., including 39 stores in Tier II and Tier III cities. As of March 31, 2026, it operated 61 stores across 51 cities in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and Puducherry, covering a total operational area of 6.5 lakh sq. ft. The firm reported a consolidated net profit of Rs 1,009.82 crore and sales of Rs 25,023.93 crore for the twelve months ended on 31 March 2026. First Published: Aug 18 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 98.74 lakh shares as against 2.76 crore shares on offer. The issue opened for bidding on 18 August 2026 and it will close on 20 August 2026. The price band of the IPO is fixed between Rs 88 and 93 per share. An investor can bid for a minimum of 160 equity shares and multiples thereof. The IPO comprises fresh issue of equity shares worth up to Rs 274.18 crore and an offer for sale of 1,00,00,000 equity shares aggregating up to Rs 93 crore by Kantilal Kheemraj Jain and Manoj Kantilal Jain. The objectives of the fresh issue include Rs 158 crore for repayment/prepayment of certain borrowings, Rs 38 crore for funding working capital requirements, and the remaining amount for general corporate purposes. The promoters are Kantilal Kheemraj Jain, Mahavir Kantilal Jain and Manoj Kantilal Jain. The promoters and promoter group hold an aggregate of 11,22,32,400 equity shares, aggregating to 95.48% of the pre-offer issued and paid-up equity share capital. Their post IPO shareholding is expected to be around 69.53%. Shankesh Jewellers is a hand-crafted gold jewellery company operating an asset-light model, with production primarily outsourced to skilled job workers. The company offers a wide range of 22-karat and 18-karat jewelry, including bridal, antique, temple and customized designs, and caters to corporate and non-corporate clients across India. Corporate clients contributed 64.25% of revenue in FY26, while its top five customers accounted for 23.26%, indicating some customer concentration. The company served 418 customers in FY26, including 334 repeat customers, and continues to expand its market presence through B2B jewellery exhibitions. Ahead of the IPO, Shankesh Jewellers on Monday, 17 August 2026, raised Rs 110.15 crore from anchor investors. The board allotted 1.18 crore shares at Rs 93 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 106.68 crore and sales of Rs 1,630.79 crore for the twelve months ended on 31 March 2026. First Published: Aug 18 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Key benchmark indices extended their losses on Tuesday, with the Nifty falling for the sixth consecutive session, while the Sensex declined for the third straight day. Sentiment was weighed down by Brent crude rising above $91 a barrel amid renewed US-Iran tensions. Weak global cues, continued FII selling, higher US bond yields and a weaker rupee further weighed on sentiment. The Nifty remained under pressure amid volatility ahead of the weekly Nifty 50 derivatives expiry and settled below the 24,200 level. IT stocks witnessed selling, while pharma, auto and oil & gas were the only major sectors to gain. The S&P BSE Sensex dropped 492.70 points or 0.63% to 77,235.46. The Nifty 50 index lost 132.75 points or 0.55% to 24,154.90. The Sensex declined 1.08% over three consecutive trading sessions, while the Nifty fell 1.74% over six consecutive trading sessions. Infosys (down 2.18%), Bharti Airtel (down 1.78%) and HDFC Bank (down 0.82%) were major Nifty drags today. The broader market outperformed the frontline indices. The BSE 150 MidCap Index fell 0.35% and the BSE 250 SmallCap Index added 0.19%. The market breadth was negative. On the BSE, 1,930 shares rose and 2,384 shares fell. A total of 233 shares were unchanged. Numbers to Track: In the commodities market, Brent crude for the October 2026 settlement rose 18 cents or 0.20% to $91.45 a barrel. The yield on India's 10-year benchmark federal paper rose 0.29% to 6.824 compared with the previous session close of 6.804. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.6500 compared with its close of 95.4200 during the previous trading session. MCX Gold futures for the 5 October 2026 settlement shed 0.42% to Rs 152,282. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.01% to 99.63. The United States 10-year bond yield added 0.25% to 4.736. Global Markets: Most European equities extended their selloff on Tuesday, with regional benchmarks falling to two-week lows as renewed tensions in the Middle East rattled global risk sentiment. Asian market ended mixed as uncertainty over the US-Iran ceasefire pushed oil prices higher and stoked concerns over a renewed rise in global inflation. US President Donald Trump ruled out extending the 60-day agreement with Iran and threatened military action against Oman, while negotiations between Washington and Tehran remained stalled. Higher oil prices also pushed longer-dated US Treasury yields higher. China's economy lost momentum in July, with consumer spending, investment and industrial activity weakening. Retail sales grew 0.6% year-on-year, slowing from 1% growth in June. Urban fixed-asset investment fell 6.7% in the first seven months of the year, compared with a 5.7% decline in the first half, while industrial output growth slowed to 4.5% from 5.3% in June. The urban unemployment rate rose to 5.2% from 5% in June. US stocks ended lower overnight as renewed tensions between Washington and Tehran lifted oil prices and revived inflation concerns. The Dow Jones Industrial Average fell 0.51%, the S&P 500 declined 0.52% and the Nasdaq Composite shed 0.32%. Investors will now focus on minutes of the Federal Reserve's July meeting, due Wednesday, for clues on the interest-rate outlook. The Fed kept its benchmark rate unchanged at 3.50%-3.75% at its 28-29 July meeting, although the decision was divided, with three policymakers dissenting in favour of a rate hike. New Listing: Milky Mist Dairy Food ended its debut session at Rs 181.45 on the BSE, a 29.61% premium to its issue price of Rs 140. The stock debuted at Rs 165, marking a premium of 17.86% to the issue price and traded between Rs 165 and Rs 181.45 during the session. More than 69.28 lakh shares changed hands on the BSE. Stocks in Spotlight: Sigma Advanced Systems hit the upper circuit of 5% after the company secured orders worth approximately Rs 155 crore from the Government of India for its Indrajaal Ranger anti-drone patrol vehicle. One 97 Communications slipped 2.15% after a large block deal in the stock was executed in early trade. The transaction came after One 97 Communications on Monday said that Resilient Asset Management B.V., an entity associated with Paytm founder Vijay Shekhar Sharma, proposed to sell up to 4.98% of its stake in the company through a block market trade. The proposed sale is under Resilient's existing Optionally Convertible Debenture (OCD) agreement with Antfin (Netherlands) Holding B.V. The economic value received by Resilient from the sale will be retained by Antfin under the agreement. Nelco dropped 12.62% after the company announced a $20 million strategic investment in Lunar Holdco, Inc., doing business as Elveo Mobile. The investment was made through compulsorily convertible debentures (CCDs), carrying a 7% annual compounded return. Lunar is a US-based, pre-revenue satellite communications company developing a next-generation Non-Geostationary Satellite Orbit (NGSO) network for Direct-to-Device (D2D), Internet of Things (IoT) and mobile satellite connectivity. The investment appeared to weigh on sentiment as Nelco is committing $20 million to a pre-revenue company, while its eventual equity stake in Lunar is not presently determinable. The company said the investment does not confer control over Lunar. DCX Systems rose 3.19% after the company and its wholly owned subsidiary Raneal Advanced Systems secured purchase orders worth a combined Rs 18.28 crore. Netweb Technologies India advanced 2.16% after the company announced the opening of its qualified institutional placement (QIP) issue and fixed the floor price at Rs 4,885.90 per equity share. KPI Green Energy added 1.95% after the company announced that it has energized 130 MW AC / 195 MW DC solar capacity under its 370 MW AC / 677 MW DC Wind-Solar Hybrid Power Project (IPP) at Bharuch, Gujarat. Highway Infrastructure rallied 4.03% after the company received a Letter of Acceptance (LoA) worth Rs 80.16 crore from the National Highways Authority of India (NHAI) for operations at Palayam Fee Plaza in Tamil Nadu. SPR Auto Technologies rose 1.43% after the company announced the opening of its qualified institutional placement (QIP) issue and fixed the floor price at Rs 4,438.20 per equity share. Goldiam International slipped 3.31%. The company said that it has secured export orders worth Rs 50 crore from US-based international clients. Ceigall India fell 2.50%. The company, jointly with Sushee Infra Mining, has received four letters of acceptance from the Ministry of Road Transport & Highways (MoRTH) for undertaking the EPC construction of 204 km of intermediate-lane roads on NH-913 in Arunachal Pradesh. The four projects have an aggregate bid cost of Rs 2,149.62 crore. Protean eGov Technologies added 0.49%. The company has received a work order worth Rs 5.99 crore from the Government of Arunachal Pradesh for the design, development, implementation and maintenance of the Arun Parivar Patra (APP) State Family Registry Platform. IPO Update: Sunshine Pictures received bids for 2,34,97,633 shares as against 54,86,051 shares on offer, according to stock exchange data at 16:48 IST on 18 August 2026. The issue was subscribed 4.28 times. The issue opened for bidding on 18 August 2026 and will close on 20 August 2026. The price band of the IPO is fixed between Rs 342 and Rs 360 per share. An investor can bid for a minimum of 41 equity shares and multiples thereof. Shankesh Jewellers received bids for 98,12,320 shares as against 2,76,37,400 shares on offer, according to stock exchange data at 16:48 IST on 18 August 2026. The issue was subscribed 0.36 times. The issue opened for bidding on 18 August 2026 and will close on 20 August 2026. The price band of the IPO is fixed between Rs 88 and 93 per share. An investor can bid for a minimum of 160 equity shares and multiples thereof. Horizon Industrial Parks received bids for 5,93,40,250 shares as against 25,13,56,273 shares on offer, according to stock exchange data at 16:48 IST on 18 August 2026. The issue was subscribed 0.24 times. The issue opened for bidding on 17 August 2026 and will close on 19 August 2026. The price band of the IPO is fixed between Rs 57 and 60 per share. An investor can bid for a minimum of 250 equity shares and multiples thereof. Lalithaa Jewellery Mart received bids 19,18,08,000 shares as against 6,27,61,403 shares on offer, according to stock exchange data at 16:48 IST on 18 August 2026. The issue was subscribed 3.06 times. The issue opened for bidding on 17 August 2026 and will close on 19 August 2026. The price band of the IPO is fixed between Rs 190 and 201 per share. An investor can bid for a minimum of 74 equity shares and multiples thereof. First Published: Aug 18 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Japans 10-year government bond yield climbed to around 2.95%, its highest level in three decades. Concerns over higher government spending and the growing possibility of a near-term Bank of Japan rate hike added to the pressure. Investors were also worried about the governments plan to cut the consumption tax on food to 1% for two years. With no clear alternative source of revenue yet identified, the move has raised concerns about Japans fiscal position. Technology and consumer stocks led the decline. Kioxia fell 7.6%, Taiyo Yuden dropped 11.5%, Murata declined 9.6%, while Fast Retailing and Sony Group fell 2.3% and 1.6%, respectively. In corporate news, Situational Awareness sold part of its stake in Japans Taiyo Yuden to Citadel and other investors this month, significantly reducing its position in the company. First Published: Aug 18 2026 | 4:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investors remained cautious as they looked for stronger government support. Premier Li Qiang called for more measures to meet this years economic targets and said China would speed up the development of new growth areas, including the Six Networks. The comments came after weak July economic data showed that industrial output, retail sales and fixed-asset investment all slowed more than expected. This added to concerns about the strength of Chinas economic recovery. AI and semiconductor stocks were among the weaker performers. Hygon Information Technology fell 3.02%, Eoptolink Technology dropped 3.10%, while GigaDevice Semiconductor, SMIC and Zhongji Innolight also declined. Markets are now looking ahead to the August 2528 meeting of the National Peoples Congress Standing Committee, where investors will watch for further policy support. First Published: Aug 18 2026 | 4:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aug 18 (Reuters) - India's Torrent Gas aims to file updated draft papers for an initial public offering of up to 40 billion rupees ($418.09 million) as early as this week, two sources ?aware of the matter told Reuters. The company, which supplies piped natural gas (PNG) to households and industries in eight states and one union territory in India, is part of Ahmedabad-based Torrent Group, whose other listed companies include Torrent Power and Torrent Pharma. Torrent Gas supplies PNG to over 200,000 households and more than 1,300 industries, while also operating about 500 compressed natural gas (CNG) stations, ?according to its website. The company did not immediately respond to a Reuters request for comment on its IPO plans. India's markets regulator had approved Torrent Gas' confidential IPO filing in June. The updated draft red herring prospectus, expected this week, will be the company's first public IPO document. The filing comes at a time when India's primary market activity has picked up ?substantially after a muted first half of the year due to the Iran war-driven spike in crude ?oil prices. As many as 27 companies have either launched or ?announced their IPOs since July, nearly matching the 28 recorded in the first half of 2026. A confidential filing ?allows companies to submit draft IPO papers to the markets regulator for review without making them public until they decide ??to ?proceed with the offering. ($1 = 95.6725 Indian rupees) (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 18 2026 | 4:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank, Infosys and Reliance Industries were top traded contracts. In the cash market, the Nifty 50 index lost 132.75 points or 0.55% to 24,154.90. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.52% to 11.39. HDFC Bank, Infosys and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE. The August 2026 F&O contracts will expire on 25 August 2026. First Published: Aug 18 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 4:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As per provisional closing data, the barometer index, the S&P BSE Sensex dropped 492.70 points or 0.63% to 77,235.46. The Nifty 50 index lost 132.75 points or 0.55% to 24,154.90. The Sensex declined 1.08% in three consecutive trading sessions, while the Nifty fell 1.74% in six consecutive trading sessions. The broader market outperformed the frontline indices. The BSE 150 MidCap Index fell 0.35% and the BSE 250 SmallCap Index added 0.19%. The market breadth was negative. On the BSE, 1,938 shares rose and 2,378 shares fell. A total of 231 shares were unchanged. In the commodities market, Brent crude for Oct 2026 settlement rose 1 cent or 0.01% to $90.88 a barrel. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.6900 compared with its close of 95.6100 during the previous trading session. New Listing : Milky Mist Dairy Food ended its debut session at Rs 181.45 on the BSE, a 29.61% premium to its issue price of Rs 140. The stock debuted at Rs 165, marking a premium of 17.86% to the issue price and traded between Rs 165 and Rs 181.45 during the session. More than 69.27 lakh shares changed hands on the BSE. IPO Update: Sunshine Pictures received bids for 1,82,64,557 shares as against 54,86,051 shares on offer, according to stock exchange data at 15:30 IST on 18 August 2026. The issue was subscribed 3.33 times. The issue opened for bidding on 18 August 2026 and will close on 20 August 2026. The price band of the IPO is fixed between Rs 342 and Rs 360 per share. An investor can bid for a minimum of 41 equity shares and multiples thereof. Shankesh Jewellers received bids for 70,85,440 shares as against 2,76,37,400 shares on offer, according to stock exchange data at 15:30 IST on 18 August 2026. The issue was subscribed 0.10 times. The issue opened for bidding on 18 August 2026 and will close on 20 August 2026. The price band of the IPO is fixed between Rs 88 and 93 per share. An investor can bid for a minimum of 160 equity shares and multiples thereof. Horizon Industrial Parks received bids for 4,80,71,250 shares as against 25,13,56,273 shares on offer, according to stock exchange data at 15:30 IST on 18 August 2026. The issue was subscribed 0.19 times. The issue opened for bidding on 17 August 2026 and will close on 19 August 2026. The price band of the IPO is fixed between Rs 57 and 60 per share. An investor can bid for a minimum of 250 equity shares and multiples thereof. Lalithaa Jewellery Mart received bids 16,43,96,402 shares as against 6,27,61,403 shares on offer, according to stock exchange data at 15:30 IST on 18 August 2026. The issue was subscribed 2.62 times. The issue opened for bidding on 17 August 2026 and will close on 19 August 2026. The price band of the IPO is fixed between Rs 190 and 201 per share. An investor can bid for a minimum of 74 equity shares and multiples thereof. Buzzing Index: The Nifty IT index fell 1.93% to 30,213.45. The index dropped 3.94% in three consecutive trading sessions. Mphasis (down 2.59%), LTM (down 2.34%), Infosys (down 2.29%), HCL Technologies (down 2.26%), Coforge (down 2.21%), Persistent Systems (down 1.74%), Wipro (down 1.7%), Tech Mahindra (down 1.43%), Tata Consultancy Services (down 1.26%) and Oracle Financial Services Software (down 0.84%) declined. Stocks in Spotlight: Sigma Advanced Systems hit the upper circuit of 5% after the company secured orders worth approximately Rs 155 crore from the Government of India for its Indrajaal Ranger anti-drone patrol vehicle. DCX Systems rose 3.22% after the company and its wholly owned subsidiary Raneal Advanced Systems secured purchase orders worth a combined Rs 18.28 crore. Netweb Technologies India advanced 2.14% after the company announced the opening of its qualified institutional placement (QIP) issue and fixed the floor price at Rs 4,885.90 per equity share. KPI Green Energy added 1.86% after the company announced that it has energized 130 MW AC / 195 MW DC solar capacity under its 370 MW AC / 677 MW DC Wind-Solar Hybrid Power Project (IPP) at Bharuch, Gujarat. Highway Infrastructure rallied 4.06% after the company received a Letter of Acceptance (LoA) worth Rs 80.16 crore from the National Highways Authority of India (NHAI) for operations at Palayam Fee Plaza in Tamil Nadu. SPR Auto Technologies rose 1.25% after the company announced the opening of its qualified institutional placement (QIP) issue and fixed the floor price at Rs 4,438.20 per equity share. Goldiam International slipped 3.15%. The company said that it has secured export orders worth Rs 50 crore from US-based international clients. Ceigall India fell 3%. The company, jointly with Sushee Infra Mining, has received four letters of acceptance from the Ministry of Road Transport & Highways (MoRTH) for undertaking the EPC construction of 204 km of intermediate-lane roads on NH-913 in Arunachal Pradesh. The four projects have an aggregate bid cost of Rs 2,149.62 crore. Protean eGov Technologies added 0.69%. The company has received a work order worth Rs 5.99 crore from the Government of Arunachal Pradesh for the design, development, implementation and maintenance of the Arun Parivar Patra (APP) State Family Registry Platform. One 97 Communications slipped 2.28% after a large block deal in the stock was executed in early trade. The identities of the buyers and sellers were not immediately disclosed. Trading volumes were elevated during the session. On the BSE, 2.73 lakh shares changed hands against a three-month average of 3.55 lakh shares. On the NSE, 24.42 lakh shares were traded against a three-month average of 33.36 lakh shares. Global Markets: European equities extended a selloff on Tuesday, driving continental benchmarks to two-week lows as a dramatic escalation in Middle East war posture sent shockwaves through global risk assets. Most Asian markets ended lower today as renewed uncertainty over the US-Iran ceasefire pushed oil prices above $91 a barrel and simultaneously stoked global inflation concerns. US President Donald Trump ruled out extending the 60-day agreement with Iran and threatened military action against Oman, while negotiations between Washington and Tehran remained stalled. Higher oil prices also pushed longer-dated US Treasury yields higher. China's economy lost momentum in July, with consumer spending, investment and industrial activity weakening. Retail sales grew 0.6% year-on-year, slowing from 1% growth in June. Urban fixed-asset investment fell 6.7% in the first seven months of the year, compared with a 5.7% decline in the first half, while industrial output growth slowed to 4.5% from 5.3% in June. The urban unemployment rate rose to 5.2% from 5% in June. US stocks ended lower overnight as renewed tensions between Washington and Tehran lifted oil prices and revived inflation concerns. The Dow Jones Industrial Average fell 0.51%, the S&P 500 declined 0.52% and the Nasdaq Composite shed 0.32%. Investors will now focus on the minutes of the Federal Reserve's July meeting, due Wednesday, for clues on the interest-rate outlook. The Fed had kept its benchmark rate unchanged at 3.50%-3.75% at its 28-29 July meeting, although three policymakers dissented in favour of a rate hike. First Published: Aug 18 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Still from WNBA game First Published: Aug 18 2026 | 4:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Acetylene Black is a critical conductive material used in lithium-ion batteries and various advanced industrial applications. The proposed project is expected to support the development of the domestic advanced materials ecosystem, strengthen local supply chains, reduce import dependence, generate skilled employment opportunities, and enhance the Company's participation in the global value chain. First Published: Aug 18 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE stock hammered after back-to-back downgrades, down 10% in 5 sessions First Published: Aug 18 2026 | 3:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bihari Lal Engineering IPO debut in focus: GMP hints at 40% listing pop First Published: Aug 18 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MOIL Ltd, Mastek Ltd, Arvind Ltd and Jai Balaji Industries Ltd are among the other losers in the BSE's 'A' group today, 18 August 2026. MOIL Ltd, Mastek Ltd, Arvind Ltd and Jai Balaji Industries Ltd are among the other losers in the BSE's 'A' group today, 18 August 2026. Ahluwalia Contracts (India) Ltd crashed 9.82% to Rs 714.7 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 17523 shares were traded on the counter so far as against the average daily volumes of 2074 shares in the past one month. MOIL Ltd lost 5.79% to Rs 257.05. The stock was the second biggest loser in 'A' group.On the BSE, 1.94 lakh shares were traded on the counter so far as against the average daily volumes of 1.71 lakh shares in the past one month. Mastek Ltd tumbled 4.46% to Rs 1731.55. The stock was the third biggest loser in 'A' group.On the BSE, 6276 shares were traded on the counter so far as against the average daily volumes of 6858 shares in the past one month. Arvind Ltd plummeted 4.45% to Rs 527.7. The stock was the fourth biggest loser in 'A' group.On the BSE, 28398 shares were traded on the counter so far as against the average daily volumes of 24088 shares in the past one month. Jai Balaji Industries Ltd shed 4.27% to Rs 67.1. The stock was the fifth biggest loser in 'A' group.On the BSE, 61240 shares were traded on the counter so far as against the average daily volumes of 34320 shares in the past one month. First Published: Aug 18 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NELCO Ltd, Krishival Foods Ltd, Karma Energy Ltd and Growington Ventures India Ltd are among the other losers in the BSE's 'B' group today, 18 August 2026. NELCO Ltd, Krishival Foods Ltd, Karma Energy Ltd and Growington Ventures India Ltd are among the other losers in the BSE's 'B' group today, 18 August 2026. Hardwyn India Ltd crashed 13.66% to Rs 9.48 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 6.49 lakh shares were traded on the counter so far as against the average daily volumes of 1.94 lakh shares in the past one month. NELCO Ltd lost 12.41% to Rs 947.4. The stock was the second biggest loser in 'B' group.On the BSE, 82883 shares were traded on the counter so far as against the average daily volumes of 32277 shares in the past one month. Krishival Foods Ltd tumbled 12.26% to Rs 359. The stock was the third biggest loser in 'B' group.On the BSE, 17146 shares were traded on the counter so far as against the average daily volumes of 11742 shares in the past one month. Karma Energy Ltd shed 11.68% to Rs 35.32. The stock was the fourth biggest loser in 'B' group.On the BSE, 5 shares were traded on the counter so far as against the average daily volumes of 411 shares in the past one month. Growington Ventures India Ltd dropped 10.53% to Rs 0.85. The stock was the fifth biggest loser in 'B' group.On the BSE, 34.7 lakh shares were traded on the counter so far as against the average daily volumes of 37.09 lakh shares in the past one month. First Published: Aug 18 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sigma Advanced Systems hit the upper circuit of 5% at Rs 658.15 after the company secured orders worth approximately Rs 155 crore from the Government of India for its Indrajaal Ranger anti-drone patrol vehicle. Indrajaal Ranger is a mobile Counter-UAS platform designed to detect, track, identify and counter rogue drones while operating at high speeds. The platform integrates sensors, artificial intelligence, sensor fusion, command and control and layered countermeasures through its SkyOS technology. Kiran Raju Penumacha, Founder & CEO, Indrajaal Autonomous Defense Systems, said, "Ukraine demonstrated what drones can do in war. What we are now witnessing globally is that the drone threat extends well beyond the battlefield. Borders, airports, cities, public events, critical infrastructure and VVIP movements all require continuous protection of low-altitude airspace. Counter-UAS must therefore become part of a nation's everyday security infrastructure. The Indrajaal Ranger was designed around this reality, enabling security forces to take autonomous counter-drone capability wherever the threat moves." Sunil Kalidindi, CEO, Sigma Advanced Systems, said, "This programme showcases the strength of India's defence manufacturing ecosystem, where advanced indigenous technologies can be developed, manufactured and delivered at operational scale. This milestone demonstrates Sigmas capabilities and underscores our strategic partnership with Indrajaal in strengthening India's border and urban security with a critical next-generation capability." Sigma Advanced Systems is a leading Indian aerospace and defence precision components manufacturer. The company designs, develops, and manufactures mission-critical systems across avionics, naval systems, radars, communication systems, munitions, aeroengine components and aerostructures, built on its in-house build-to-spec engineering capability. The companys consolidated net profit declined 69.61% to Rs 23.90 crore in Q1 FY27, compared with Rs 125.55 crore posted in Q4 FY26. However, net sales jumped 15.94% QoQ to Rs 374.28 crore in Q1 FY27. First Published: Aug 18 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Protean eGov Technologies has received a work order worth Rs 5.99 crore from the Government of Arunachal Pradesh for the design, development, implementation and maintenance of the Arun Parivar Patra (APP) - State Family Registry Platform. The company said the project strengthens its presence in the North-East government digital ecosystem and provides potential for similar Family Registry initiatives across other states. Protean eGov Technologies has been at the forefront of building citizen-scale digital public infrastructure across taxation, social security and identity services. The company reported a 75.43% year-on-year (YoY) decline in consolidated net profit to Rs 5.86 crore in Q1 FY27 from Rs 23.85 crore in the corresponding quarter last year. Revenue from operations, however, rose 19.03% YoY to Rs 250.96 crore. Shares of Protean eGov Technologies shed 0.32% to Rs 546.95 on the BSE. First Published: Aug 18 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tube Investments of India Ltd witnessed volume of 36.19 lakh shares by 14:14 IST on NSE, a 11.36 times surge over two-week average daily volume of 3.18 lakh shares Action Construction Equipment Ltd, Zen Technologies Ltd, Welspun Living Ltd, Prime Focus Ltd are among the other stocks to see a surge in volumes on NSE today, 18 August 2026. Tube Investments of India Ltd witnessed volume of 36.19 lakh shares by 14:14 IST on NSE, a 11.36 times surge over two-week average daily volume of 3.18 lakh shares. The stock increased 8.09% to Rs.2,963.20. Volumes stood at 3.38 lakh shares in the last session. Action Construction Equipment Ltd recorded volume of 14.03 lakh shares by 14:14 IST on NSE, a 4.63 times surge over two-week average daily volume of 3.03 lakh shares. The stock gained 6.45% to Rs.1,185.50. Volumes stood at 2.8 lakh shares in the last session. Zen Technologies Ltd clocked volume of 18.68 lakh shares by 14:14 IST on NSE, a 4.51 times surge over two-week average daily volume of 4.14 lakh shares. The stock gained 6.73% to Rs.1,990.00. Volumes stood at 3.88 lakh shares in the last session. Welspun Living Ltd saw volume of 466.89 lakh shares by 14:14 IST on NSE, a 4.26 fold spurt over two-week average daily volume of 109.54 lakh shares. The stock increased 6.33% to Rs.178.80. Volumes stood at 107.35 lakh shares in the last session. Prime Focus Ltd registered volume of 19.37 lakh shares by 14:14 IST on NSE, a 3.77 fold spurt over two-week average daily volume of 5.14 lakh shares. The stock rose 7.81% to Rs.287.20. Volumes stood at 3.58 lakh shares in the last session. First Published: Aug 18 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Airfloa Rail Technology rose 2.95% to Rs 358.95 after the company received a new order worth Rs 70.56 lakh from Modern Coach Factory (MCF), Lalganj, Raebareli. Under the payment terms, 95% of the order value will be paid against an inspection certificate and proof of dispatch or delivery, while the remaining 5% will be paid after receipt, inspection and acceptance of the goods by the consignee. Airfloa Rail Technology is a manufacturer of rolling stock components for Indian Railways and also undertakes turnkey railway interior projects. With over 27 years of experience and two manufacturing facilities, the company has executed projects including Vande Bharat Express, Vistadome, RRTS, Agra-Kanpur Metro and Sri Lankan DEMU and Mainline Export Coaches. It also supplies precision components to the aerospace and defence sectors and serves global rail OEMs and various Indian Railways divisions. On a consolidated basis, the company's net profit rose 51.98% to Rs 39.15 crore on 66.12% increase in net sales to Rs 319.60 crore in the year ended March 2026 over the year ended March 2025. First Published: Aug 18 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Infosys Ltd is quoting at Rs 1116.1, down 2.09% on the day as on 13:19 IST on the NSE. The stock tumbled 22.49% in last one year as compared to a 3.1% slide in NIFTY and a 12.84% fall in the Nifty IT index. Infosys Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1116.1, down 2.09% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.33% on the day, quoting at 24206.95. The Sensex is at 77387.34, down 0.44%.Infosys Ltd has added around 2.67% in last one month.Meanwhile, Nifty IT index of which Infosys Ltd is a constituent, has increased around 3.88% in last one month and is currently quoting at 30807.8, down 1.67% on the day. The volume in the stock stood at 49.69 lakh shares today, compared to the daily average of 128.82 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 1122.6, down 1.74% on the day. Infosys Ltd tumbled 22.49% in last one year as compared to a 3.1% slide in NIFTY and a 12.84% fall in the Nifty IT index. The PE of the stock is 14.83 based on TTM earnings ending June 26. First Published: Aug 18 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Paras Defence and Space Technologies hit a 52-week high in Tuesday's trade. First Published: Aug 18 2026 | 2:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From 33.33% to 74% of the paid up share capital of Yapan Bio First Published: Aug 18 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 2:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The benchmark indices continued to trade with limited losses in afternoon trade, weighed down by a rise in crude oil prices following the expiry of the US-Iran ceasefire and growing uncertainty over the reopening of the Strait of Hormuz. The Nifty traded tad above the 24,200 mark. IT, FMCG & metal shares declined while auto, oil & gas and pharma stocks managed to trade in the green. At 13:17 IST, the barometer index, the S&P BSE Sensex, declined 354.07 points or 0.46% to 77,374.09. The Nifty 50 index lost 84.75 points or 0.35% to 24,202.90. The broader market outperformed the frontline indices. The BSE 150 MidCap Index shed 0.22% while the BSE 250 SmallCap Index rose 0.13%. The market breadth was negative. On the BSE, 1,864 shares rose and 2,302 shares fell. A total of 231 shares were unchanged. Gainers & Losers: Trent (up 1.03%), Mahindra & Mahindra (up 0.99%), Axis Bank (up 0.82%), Bajaj Finance (up 0.79%) and Grasim (up 0.66%) were the top gainers. Asian Paints (down 2.24%), Infosys (down 2.12%), HCL Tech (down 1.99%), Tata Motors Passenger Vehicles (down 1.79%) and Tech Mahindra (down 1.63%) were the top losers. Stocks in Spotlight: Goldiam International slipped 3.37%. The company said that it has secured export orders worth Rs 50 crore from US-based international clients. Ceigall India fell 2.77%. The company, jointly with Sushee Infra Mining, has received four letters of acceptance from the Ministry of Road Transport & Highways (MoRTH) for undertaking the EPC construction of 204 km of intermediate-lane roads on NH-913 in Arunachal Pradesh. The four projects have an aggregate bid cost of Rs 2,149.62 crore. Premier Energies was up 0.07%. Crisil Ratings has upgraded its rating on the long-term bank facilities of the company to 'Crisil A+/Positive from 'Crisil A/Positive. The rating on the short-term facilities has been reaffirmed at Crisil A1. Onesource Specialty Pharma shed 0.51%. India Ratings and Research has upgraded the company's long-term rating to 'IND A' from 'IND A-' with a 'positive' outlook. The rating on the short-term facilities has been reaffirmed at IND A1. Global Market: European equities extended a selloff on Tuesday, driving continental benchmarks to two-week lows as a dramatic escalation in Middle East war posture sent shockwaves through global risk assets. Most of their Asian counterparts also edged lower today as renewed uncertainty over the US-Iran ceasefire pushed oil prices above $91 a barrel and simultaneously stoked global inflation concerns. US President Donald Trump ruled out extending the 60-day agreement with Iran and threatened military action against Oman, while negotiations between Washington and Tehran remained stalled. Higher oil prices also pushed longer-dated US Treasury yields higher. China's economy lost momentum in July, with consumer spending, investment and industrial activity weakening. Retail sales grew 0.6% year-on-year, slowing from 1% growth in June. Urban fixed-asset investment fell 6.7% in the first seven months of the year, compared with a 5.7% decline in the first half, while industrial output growth slowed to 4.5% from 5.3% in June. The urban unemployment rate rose to 5.2% from 5% in June. US stocks ended lower overnight as renewed tensions between Washington and Tehran lifted oil prices and revived inflation concerns. The Dow Jones Industrial Average fell 0.51%, the S&P 500 declined 0.52% and the Nasdaq Composite shed 0.32%. Investors will now focus on the minutes of the Federal Reserve's July meeting, due Wednesday, for clues on the interest-rate outlook. The Fed had kept its benchmark rate unchanged at 3.50%-3.75% at its 28-29 July meeting, although three policymakers dissented in favour of a rate hike. First Published: Aug 18 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 1:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 18 2026 | 1:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Onesource Specialty Pharma (OSPL) said that India Ratings and Research has upgraded the company's long-term rating to 'IND A' from 'IND A-' with a 'positive' outlook. The rating on the short-term facilities has been reaffirmed at IND A1. India Ratings and Research said that the upgrade reflects the strengthening of OSPL's business profile, following the successful commercialisation of its drug device combination (DOC) platform and increasing contribution from commercial glucagon-like peptide-1 (GLP-1) supplies. India Ratings believes the company has transitioned from a predominantly development-led revenue model to an increasingly commercial supply-led model, supported by multiple customer launches, long-term supply agreements, and capacity expansion. The demonstrated conversion of development projects into commercial supplies and the ramp-up of commercial revenue have improved its revenue visibility, strengthened customer stickiness, and reduced execution risk. The ratings continue to benefit from OSPL's diversified contract development and manufacturing organisation (CDMO) platform across DDCs, biologics, sterile injectables and softgels; an established presence in regulated markets; and integrated manufacturing capabilities. The agency has observed a significant improvement in the companys scale of EBITDA during 4Q FY26 - 1Q FY27, led by the genericisation of GLP-1 portfolio in various markets. India Ratings expects increasing utilisation of expanded capacities, growing CSA revenues, and improving operating leverage to support stronger profitability, cash flow generation and gradual deleveraging over the medium term. Onesource Specialty Pharma is a fully integrated, multi-modality specialty pharmaceutical CDMO company, focused on developing and manufacturing drug-device combinations (DDCs), biologics, sterile injectables and oral technologies like soft gelatin capsules for its customers out of five globally compliant facilities located in Bengaluru. The scrip shed 0.32% to currently trade at Rs 1546.95 on the BSE. First Published: Aug 18 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zee Entertainment Enterprises Ltd is quoting at Rs 105.99, up 1.07% on the day as on 12:49 IST on the NSE. The stock is down 10.17% in last one year as compared to a 3.1% drop in NIFTY and a 4.15% drop in the Nifty Media index. Zee Entertainment Enterprises Ltd gained for a third straight session today. The stock is quoting at Rs 105.99, up 1.07% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.34% on the day, quoting at 24205.55. The Sensex is at 77377.46, down 0.45%. Zee Entertainment Enterprises Ltd has slipped around 1.26% in last one month. Meanwhile, Nifty Media index of which Zee Entertainment Enterprises Ltd is a constituent, has slipped around 4.17% in last one month and is currently quoting at 1595.75, up 0.4% on the day. The volume in the stock stood at 145.93 lakh shares today, compared to the daily average of 331.59 lakh shares in last one month. The PE of the stock is 158.86 based on TTM earnings ending June 26. First Published: Aug 18 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aegis Logistics Ltd is quoting at Rs 1352, up 5.03% on the day as on 12:49 IST on the NSE. The stock is up 93.84% in last one year as compared to a 3.1% spurt in NIFTY and a 11.22% spurt in the Nifty Energy index. Aegis Logistics Ltd gained for a third straight session today. The stock is quoting at Rs 1352, up 5.03% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.34% on the day, quoting at 24205.55. The Sensex is at 77377.46, down 0.45%. Aegis Logistics Ltd has slipped around 2.31% in last one month. Meanwhile, Nifty Energy index of which Aegis Logistics Ltd is a constituent, has slipped around 2.51% in last one month and is currently quoting at 38652.65, up 0.04% on the day. The volume in the stock stood at 23.91 lakh shares today, compared to the daily average of 12.83 lakh shares in last one month. The PE of the stock is 35.6 based on TTM earnings ending June 26. First Published: Aug 18 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Baazar Style Retail locked at 5% upper circuit for 3rd day; here's why First Published: Aug 18 2026 | 1:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Under its Global Medium Term Note Programme ICICI Bank, acting through its IFSC Banking Unit, has, today priced USD 750 million Senior Unsecured Fixed Rate Notes (Notes) under the USD 7.5 billion Global Medium Term Note Programme of the Bank. The Notes are proposed to be listed at Global Securities Market of the India International Exchange IFSC, Debt Securities Market of the NSE IFSC and SGX-ST. The 5-year Notes are to be allotted on 21 August 2026. First Published: Aug 18 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The dollar index is staying largely steady on Tuesday morning in Asia amid fading expectations for a Federal Reserve rate hike following a string of weak US economic data. Data released last week showed US retail sales and consumer sentiment declined, while inflation readings remained subdued. Investors are now awaiting the minutes of the Feds July meeting and comments from Chairman Kevin Warsh at the annual Jackson Hole symposium for further clues on the policy outlook. He dollar index that measures the greenback against a basket of currencies is quoting at 99.56, flat on the day and lingering around a two-month low. Among basket currencies, EUR/USD and GBP/USD are also relatively steady at $1.1584 and $1.3523 respectively. First Published: Aug 18 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IT stocks traded on a negative note for third straight day on Tuesday. First Published: Aug 18 2026 | 12:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
S&P 500, Dow, and Nasdaq retreat from record highs while surging crude prices fuel inflation worries and interest rate hike concerns. The S&P 500 fell 0.5% but remains near its all-time high set Thursday. The Dow Jones Industrial Average dropped 272 points (0.5%) and the Nasdaq composite slipped 0.3%. Last month alone, Brent zigzagged between $72 and $102 as hopes rose and fell that the United States and Iran could reach a deal that would allow oil tankers to freely exit the Persian Gulf again. A report last week said that shoppers surprisingly spent less at U.S. retailers last month than in June and CEOs for retailers could give color this week on what theyre seeing. L3Harris Technologies fell 4.6% after the defense company said Christopher Kubasik stepped down as its CEO and chairman. Alphabet dipped 0.5% even though Berkshire Hathaway said it increased its investment in Googles parent company, along with several homebuilders. Constellation Brands fell 6.2% after Berkshire said it sold all its holdings in the seller of Modelo beer and Robert Mondavi wine. In stock markets abroad, indexes dipped in Europe following a stronger finish in Asia. Tokyos Nikkei 225 rose 0.7% after a report said Japans economy grew at a slower pace in the April-June quarter than economists expected. Indexes jumped 1.3% in Hong Kong and 1.4% in Shanghai for some of the worlds biggest moves. Mondays rally for oil prices sent Treasury yields in the bond market higher which in turn raised the pressure on the economy and prices for all kinds of investments. The yield on the 10-year Treasury climbed to 4.72% from 4.68% late Friday. It has shot up from just 3.97% before the war with Iran, largely because higher oil prices are worsening inflation and upping the probability that the Federal Reserve will have to hike interest rates. First Published: Aug 18 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RateGain Travel Technologies announced that VIETJET QAZAQSTAN has selected AirGain, RateGain's advanced airfare pricing intelligence platform, to gain real time competitive insights and enhance its pricing strategy across key routes. As VIETJET QAZAQSTAN builds its footprint in Central Asia, the airline is entering a market where pricing moves fast, and competition is only getting sharper. Instead of relying on delayed or fragmented data, the airline is moving toward a real-time view of the market where every pricing decision is backed by live competitive signals. With AirGain, VIETJET QAZAQSTAN's commercial teams will be able to track fare movements across multiple channels, benchmark against competitors in real time, and spot pricing gaps before they impact performance. This shift allows the airline to stay aligned with demand, react faster to market changes, and maintain consistency across its pricing strategy. First Published: Aug 18 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Adhesives Ltd, Modern Threads (I) Ltd, Subex Ltd and Prabha Energy Ltd are among the other gainers in the BSE's 'B' group today, 18 August 2026. Hindustan Adhesives Ltd, Modern Threads (I) Ltd, Subex Ltd and Prabha Energy Ltd are among the other gainers in the BSE's 'B' group today, 18 August 2026. N K Industries Ltd soared 20.00% to Rs 69.24 at 11:56 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 1 shares were traded on the counter so far as against the average daily volumes of 140 shares in the past one month. Hindustan Adhesives Ltd surged 17.23% to Rs 393.35. The stock was the second biggest gainer in 'B' group. On the BSE, 64253 shares were traded on the counter so far as against the average daily volumes of 1429 shares in the past one month. Modern Threads (I) Ltd spiked 15.91% to Rs 61.2. The stock was the third biggest gainer in 'B' group. On the BSE, 10791 shares were traded on the counter so far as against the average daily volumes of 215 shares in the past one month. Subex Ltd spurt 15.41% to Rs 16.25. The stock was the fourth biggest gainer in 'B' group. On the BSE, 31.02 lakh shares were traded on the counter so far as against the average daily volumes of 1.72 lakh shares in the past one month. Prabha Energy Ltd advanced 14.41% to Rs 187. The stock was the fifth biggest gainer in 'B' group. On the BSE, 71470 shares were traded on the counter so far as against the average daily volumes of 2611 shares in the past one month. First Published: Aug 18 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 18 2026 | 12:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 12:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 12:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tube Investments of India Ltd, Welspun Living Ltd, Paras Defence and Space Technologies Ltd and Parag Milk Foods Ltd are among the other gainers in the BSE's 'A' group today, 18 August 2026. Tube Investments of India Ltd, Welspun Living Ltd, Paras Defence and Space Technologies Ltd and Parag Milk Foods Ltd are among the other gainers in the BSE's 'A' group today, 18 August 2026. Indo Count Industries Ltd surged 15.08% to Rs 447.65 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 7.82 lakh shares were traded on the counter so far as against the average daily volumes of 22490 shares in the past one month. Tube Investments of India Ltd soared 8.58% to Rs 2962. The stock was the second biggest gainer in 'A' group. On the BSE, 1.1 lakh shares were traded on the counter so far as against the average daily volumes of 57282 shares in the past one month. Welspun Living Ltd spiked 7.58% to Rs 180.95. The stock was the third biggest gainer in 'A' group. On the BSE, 20.04 lakh shares were traded on the counter so far as against the average daily volumes of 2.8 lakh shares in the past one month. Paras Defence and Space Technologies Ltd jumped 7.27% to Rs 1489.75. The stock was the fourth biggest gainer in 'A' group. On the BSE, 2.75 lakh shares were traded on the counter so far as against the average daily volumes of 61447 shares in the past one month. Parag Milk Foods Ltd gained 5.89% to Rs 219.4. The stock was the fifth biggest gainer in 'A' group. On the BSE, 72144 shares were traded on the counter so far as against the average daily volumes of 26797 shares in the past one month. First Published: Aug 18 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
One 97 Communications fell 1.09% to Rs 1,565.75 after a large block deal in the stock was executed in early trade. The transaction came after One 97 Communications on Monday said that Resilient Asset Management B.V., an entity associated with Paytm founder Vijay Shekhar Sharma, proposed to sell up to 4.98% of its stake in the company through a block market trade. The proposed sale is under Resilient's existing Optionally Convertible Debenture (OCD) agreement with Antfin (Netherlands) Holding B.V. The economic value received by Resilient from the sale will be retained by Antfin under the agreement. Resilient had acquired an approximately 10.20% stake in One 97 Communications from Antfin in 2023 against OCDs issued to Antfin. Although the shares were held by Resilient, the economic interest continued to belong to Antfin. As of June 2026, Resilient held a 10.20% stake in One 97 Communications, while founder Vijay Shekhar Sharma held a 9.03% direct stake. The proposed sale of up to 4.98% would represent nearly half of Resilient's holding. The company clarified that it is not a party to the transaction and that there will be no change in Sharma's direct shareholding. The digital payments and financial services company reported a consolidated net profit of Rs 220 crore in Q1 FY27, up 78.86% YoY and 20.22% QoQ. Revenue from operations rose 27.63% YoY and 8.13% QoQ to Rs 2,448 crore in the quarter ended 30 June 2026. EBITDA surged 181.94% YoY and 53.79% QoQ to Rs 203 crore, while EBITDA margin expanded to 8% from 4% in Q1 FY26 and 6% in Q4 FY26. One 97 Communications operates Paytm, a digital payments and financial services platform offering merchant payments, financial services distribution, lending, insurance and wealth management products. First Published: Aug 18 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The discussions were held ahead of the 19th edition of CPHI & PMEC India 2026, scheduled to be held in November across venues in Delhi-NCR India's pharmaceutical industry needs to move beyond its traditional strength in cost-effective generic medicines and focus on innovation, advanced manufacturing, quality and global regulatory standards to realise its growth potential, industry experts said. With India targeting a pharmaceutical market of $130 billion by 2030, experts at a recent industry event in Hyderabad said the next phase of growth would require greater investments in research and development, digital technologies and contract research and development manufacturing. The discussions were held ahead of the 19th edition of CPHI & PMEC India 2026, scheduled to be held in November across venues in Delhi-NCR. The official launch and precursor event of CPHI & PMEC India 2026, held under the banner of the Pharma Leadership Exchange, brought together pharma leaders, CXOs, industry stalwarts, and key voices from across India's pharmaceutical and life sciences ecosystem. Sarvesh Singh, CEO, Lifesciences and Pharma, Government of Telangana, said the state, already a major pharmaceutical manufacturing and vaccine hub, was seeking to move up the value chain. "Telangana has already established itself as India's pharmaceutical manufacturing powerhouse and a global vaccine hub, but our ambition now goes beyond manufacturing. We want Telangana to emerge as the life sciences innovation capital of India," he said. Singh said the state was focusing on biologics, biosimilars, cell and gene therapies and other areas where biology, chemistry and technology converge. "Through our Next-Gen Life Sciences Policy 2026-2030, we aim to attract $25 billion in investments and create more than five lakh jobs over the next five years," he said. M Roja Rani, Executive Director, Bulk Drug Manufacturers Association of India, said India had built strong capabilities in bulk drugs and APIs but needed to reduce dependence on imported key starting materials and intermediates. "The capability to manufacture is well established; the priority now is to strengthen competitiveness, reduce dependence on imported key starting materials and intermediates, and build greater depth across the domestic value chain," she said. Rani said greater investment in research and development, new technologies and API capacity would be essential over the next three to five years, while initiatives such as the PLI scheme and bulk drug parks could further strengthen domestic manufacturing. Yogesh Mudras, Managing Director, Informa Markets in India, said India was entering a defining decade for pharmaceuticals, with its strengths in science, talent and manufacturing translating into higher-value opportunities. "The CRDMO industry is projected to reach around $14 billion by 2028, with estimates pointing to an opportunity of up to $22 billion by 2030. Realising this potential will depend on how effectively the industry advances quality, technology, capability and global collaboration," he said. Mudras said CPHI & PMEC India would provide a platform for industry stakeholders to collaborate and convert these opportunities into long-term growth. Pushpa Vijayaraghavan, Director, Healthcare and Lifesciences Advisory, Sathguru Management Consultants, said India would have to progress simultaneously across generics, APIs, biologics, biosimilars and innovation. "We have to preserve our generics base, move faster on API backward integration, build scale in biologics and biosimilars, and invest far more seriously in innovation," she said. Chakravarthi AVPS, Chairman, Federation of Pharma Entrepreneurs, Telangana and Andhra Pradesh, said compliance was now the baseline for pharmaceutical companies, with innovation and technology becoming the key differentiators. "The next phase of growth must go beyond cost competitiveness. Compliance is now the baseline; the real competitive advantage will come from innovation, advanced and sustainable packaging, traceability, technology and globally benchmarked quality," he said. CPHI India will be held at IICC, Yashobhoomi, Dwarka from November 23-25, while PMEC India will be held at IEML, Greater Noida from November 24-26. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 18 2026 | 11:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Highway Infrastructure rallied 4.44% to Rs 46.57 after the company received a Letter of Acceptance (LoA) worth Rs 80.16 crore from the National Highways Authority of India (NHAI) for operations at Palayam Fee Plaza in Tamil Nadu. The contract is scheduled for completion within 90 days. Highway Infrastructure is an infrastructure development and management company engaged in the businesses of tollway collection, EPC infrastructure, and real estate. The company reported an 85.24% year-on-year decline in consolidated net profit to Rs 1.07 crore in Q1 FY27 from Rs 7.25 crore in Q1 FY26. However, consolidated net sales surged 170.91% YoY to Rs 303.28 crore during the quarter. First Published: Aug 18 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KPI Green Energy announced that it has energized 130 MW AC / 195 MW DC solar capacity under its 370 MW AC / 677 MW DC Wind-Solar Hybrid Power Project (IPP) at Bharuch, Gujarat. KPI Green Energy is part of KP Group. They develop, build, own, manage, and maintain renewable power facilities (solar and wind solar hybrid power project) as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPPs) under the Solarism brand. The companys consolidated net profit jumped 49.23% to Rs 155.47 crore in Q4 FY26, compared with Rs 104.18 crore in Q4 FY25. Total revenue for Q4 FY26 stood at Rs 810.20 crore, up 40.22% year-on-year from Rs 577.80 crore in Q4 FY25 Shares of KPI Green Energy rose 0.92% to Rs 306.15 on the BSE. First Published: Aug 18 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 18 2026 | 11:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sunshine Pictures IPO review: Analysts divided; GMP at 20% - key details First Published: Aug 18 2026 | 11:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Groww share price slips 4% on huge volume in Tuesday's trade. First Published: Aug 18 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kellton Tech Solutions today announced that it has received the Emerging Excellence Award from the Asian Development Bank (ADB) at its 5th IDIQ Vendor Summit. The recognition acknowledges Kellton's performance and growing contribution as a technology partner to ADB's Information Technology Department under the Bank's Indefinite Delivery/Indefinite Quantity (IDIQ) framework. Kellton expects to expand this partnership into a $5 million strategic account. The recognition reflects Kellton's performance under ADB's IDIQ framework and the rapid scaling of its engagement during 2025-26. Leveraging its Centres of Excellence across AI, data and product engineering, Kellton mobilised specialist technology talent to meet ADB's technical and institutional requirements. The company was also recognised among ADB's fastest-growing vendors under the framework. Kellton continues to support ADB's Information Technology Department with specialist capabilities aligned with the Bank's evolving digital and technology priorities. First Published: Aug 18 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To expand supply chain finance capabilities across West Africa Veefin Solutions announced a strategic partnership with NSIA Group to expand Supply Chain Finance (SCF) capabilities across five NSIA banking entities in West Africa Ce d'Ivoire, Senegal, Benin, Togo and Guinea. The platform will enable NSIA Group banks to launch Reverse Factoring and Factoring programmes, giving businesses and SMEs digital access to working capital. It will connect anchor corporates with their supplier and buyer networks on a single digital platform, automating processes from onboarding and invoice submission through approval and disbursement. The solution will support early payments to suppliers through Reverse Factoring and unlock working capital against approved receivables through Factoring. Veefin will provide the platform licence and ongoing maintenance. First Published: Aug 18 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee extends losing streak in opening trades on Tuesday, weighed down by elevated crude oil prices and persistent demand for greenback. INR opened at Rs 95.68 per dollar and recovered slightly to a high of 95.65 so far during the day. Brent crude near USD 91 per barrel increased oil-related dollar demand and the Reserve Bank's earlier-than-expected closure of the concessional FCN (B) forex-swap facility raised concerns over future dollar inflows. Local equities also opened lower on Tuesday as global bond yields surged on concerns that renewed energy inflation could keep interest rates elevated. The benchmark BSE Sensex was down 310 points, or 0.4 percent, at 77,417 in early trade, while the NSE Nifty index dipped 65 points, or 0.3 percent, to 24,221. First Published: Aug 18 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From Ministry of Home Affairs, Govt. of India Indrajaal Autonomous Defense Systems and Sigma Advanced Systems announced approximately Rs 155 crore in orders for Indrajaal Ranger from Government of India. A Rs 145 crore order, awarded to the Indrajaal-Sigma consortium, brings the capability to India's border-security environment. A separate approximately Rs 10 crore Urban Police order introduces Ranger for VVIP protection and urban security. The Indrajaal Ranger is India's only ARDTC-approved Anti-Drone Patrol Vehicle, conceived and developed as a mobile Counter-UAS platform capable of delivering full mission capability while travelling at high speeds. Unlike conventional fixed-site systems, Ranger enables security agencies to carry protected airspace wherever the mission demandsalong borders, VVIP routes, public events or critical infrastructure. The Ranger has been operationally validated through Government evaluations and selected by the Ministry of Home Affairs, Ranger delivers an indigenous, field-proven capability for protecting India's most sensitive security environments. First Published: Aug 18 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The agency has reaffirmed the company's short-term rating at 'CARE A1+'. CARE Ratings stated that the upgrade of the long-term rating and reaffirmation of the short-term rating on bank facilities and debt instruments of Adani Power (APL) factors in the sustenance of strong operational and financial performance. APL is the largest private thermal power producer in India with operational capacity of 18.33 GW as on 30 June 2026 and under development capacity of nearly 24 GW. The strong operational performance is demonstrated by actual plant availability factor (PAF) remaining above normative levels as reflected by PAF of 96% in Q1 FY27 and 89% in FY26 across its operational portfolio, leading to full recovery of capacity charges. The market risk of the underlying portfolio has also decreased as power purchase agreements (PPAs) are tied for nearly 95% of installed capacity as on 30 June 2026, against 85% in August 2024. The impact of lower market risk is also reflected by declining share of merchant revenues in the overall revenues. As articulated by the management, going forward from Q2 FY27, the share of merchant capacity in the overall capacity mix is likely to remain below 10%. The payment from off takers has been timely as reflected by debtors of 80 days as of FY26 end, aiding the liquidity profile of the company as reflected from cash and cash equivalents of Rs 10,739 crore as of June 2026 end. The spread between revenue per unit sold and the associated coal cost per unit has remained above Rs 2 per unit over last three years translating into stable cash flows for the company, with continuing earnings before interest, taxation, depreciation, and amortisation (EBITDA) remaining above Rs 18,000 crore on a consistent basis over FY24-FY26, whereas till FY23, continuing EBITDA was below 10,000 crore. The growth momentum has continued in FY27 with reported EBITDA for Q1 FY27 being Rs 8,369 crore against Rs 6,150 crore for Q1 FY26. Going forward, CARE Ratings Limited (CareEdge Ratings) expects EBITDA to sustain above Rs 22,000 crore over the medium term, supported by contracted capacity, improved fuel availability and the progressive contribution from the under-development capacities, that are expected to become operational. Despite the heightened capex, the leverage for the portfolio has remained in check. Going forward, CareEdge Ratings in its base case expects the companys leverage to be well within the upper threshold defined by the rating agency. CareEdge Ratings has also taken cognisance of the proposed equity raise of up to Rs 15,000 crore through a qualified institutional placement (QIP), which is expected to materialise within allowed timelines. These funds once raised, would further reduce companys reliance on external debt for its growth capex. Ratings continue to factor in the diversified operational portfolio of 18,330 MW spread across multiple locations and counterparties. However, these strengths are tempered by the company's large expansion programme involving proposed capacity addition of nearly 23.72 GW for which the cumulative capex of Rs 2 lakh crore is envisaged over the medium term. The scale of the expansion exposes the company to execution, funding and commissioning risks. CareEdge Ratings also notes that APL has certain pending regulatory matters, including the receipt of final tariff orders from the Central Electricity Regulatory Commission (CERC) and the Supreme Court of India in relation to the Mundra, Tiroda, and Korba (Lanco Amarkantak) projects. The regulatory developments in the cases continue to remain a rating monitorable. APL is also foraying into nuclear and hydro power generation which have long gestation period. Ratings are also constrained by exposure to state distribution utilities, who are the primary off-takers and have a weak financial risk profile, resulting in a risk of payment delays. Adani Power (APL) is the holding company of the Adani groups coal-based thermal power generation business. APL (on a consolidated basis) has a total operational thermal power generation capacity of 18.29 GW and 40 MW solar power plant. Projects are across Gujarat, Maharashtra, Rajasthan, Karnataka, Chhattisgarh, Jharkhand, Tamil Nadu, and Madhya Pradesh. It is the largest private thermal independent power producer in the country. First Published: Aug 18 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Milky Mist Dairy Food were currently trading at Rs 181.45 at 10:19 IST on the BSE, representing a premium of 29.61% as compared with the issue price of Rs 140. So far, the stock has hit a high of Rs 181.45 and a low of Rs 165. On the BSE, over 65.82 lakh shares of the company were traded in the counter so far. The initial public offer of Milky Mist Dairy Food was subscribed 56.12 times. The issue opened for bidding on 10 August 2026 and it closed on 13 August 2026. The price band of the IPO is fixed between Rs 133 and 140 per share. The IPO comprised a fresh issue of equity shares worth up to Rs 1,428 crore and an offer for sale of equity shares aggregating up to Rs 125 crore by Sathishkumar T and Anitha S. The objectives of the fresh issue include Rs 496.8 crore for repayment/prepayment of certain outstanding borrowings, Rs 469.2 crore for financing the capital expenditure requirements for the expansion and modernisation of the Perundurai manufacturing facility, Rs 155.3 crore for deployment of visi coolers, ice cream freezers and chocolate coolers, and the remaining amount for general corporate purposes. The promoters are Sathishkumar T and Anitha S. The promoters and promoter group hold an aggregate of 62,10,55,917 equity shares, aggregating to 93% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is expected to be around 79.51%. Milky Mist Dairy Food is a fast-growing packaged food company focused on premium value-added dairy products, with a diversified portfolio spanning cheese, paneer, butter, curd, ghee, yogurt, ice cream, UHT products, frozen foods and ready-to-eat products. The company operates an integrated farm-to-retail model, sourcing milk directly from farmers and manufacturing at its integrated facility in Perundurai, Erode, Tamil Nadu. It has built a strong distribution network across India, with a significant presence in South India, which contributed 69.23% of FY26 revenue. Milky Mist has established strong positions in categories such as packaged paneer, cheese, curd and yogurt, while premium pricing and increasing focus on value-added products support its FMCG-like business model. The company plans to expand manufacturing capacities, strengthen milk procurement and distribution, and pursue strategic acquisitions to enter new markets, geographies and product categories. Ahead of the IPO, Milky Mist Dairy Food, on 9 August 2026, raised Rs 465.29 crore from anchor investors. The board allotted 3.32 crore shares at Rs 140 each to 19 anchor investors. The firm reported a consolidated net profit of Rs 127.01 crore and sales of Rs 3,138.36 crore for the twelve months ended on 31 March 2026. First Published: Aug 18 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sham Foam traded at Rs 100.25 on the BSE, representing a 22.88% discount to its issue price of Rs 130. The counter hit a high of Rs 109 and a low of Rs 98.80. About 18.80 lakh shares changed hands on the BSE. Sham Foam's IPO was subscribed 2.44 times. The issue opened for bidding on 11 August 2026 and it closed on 13 August 2026. The price of the IPO was fixed at Rs 130 per share. The IPO comprised 31,14,000 equity shares. The promoter and promoter group shareholding diluted to 72.90% from 100% pre-issue. The company intends to utilize the net proceeds for finance the capital expenditure requirements for civil construction, purchase of machineries and equipment for existing manufacturing facility; to part finance the requirement of working capital and; to meet general corporate purposes. Sham Foam is primarily engaged in the manufacturing, distribution, marketing and sale of polyurethane foam (PU Foam), mattresses and other allied home comfort products, catering primarily to Indian consumers. The company also manufactures industrial-grade PU Foam, which is used across a wide range of industries in India. It offers a diversified product portfolio designed to meet the varied preferences and requirements of consumers. Its foam-based product range includes mattresses, pillows, furniture cushions, cushions and PU foam cores used in the manufacturing of finished home comfort products. The company had total manpower strength of 85 employees across various levels. The company recorded revenue from operations of Rs 92.32 crore and net profit of Rs 8.65 crore for the period ended 31 March 2026. First Published: Aug 18 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Netweb Technologies India rose 3.19% to Rs 5,379.65 after the company announced the opening of its qualified institutional placement (QIP) issue and fixed the floor price at Rs 4,885.90 per equity share. The floor price of Rs 4,885.90 per share is at a discount of 6.28% to the scrip's previous closing price of Rs 5,213.45 on the BSE. The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the bookrunning lead managers appointed for the issue. Netweb Technologies is Indias leading high-end computing solutions (HCS) provider, with fully integrated design and manufacturing capabilities. The companys HCS offering comprises HPC, private cloud, HCI, AI systems and enterprise workstations, high-performance storage (HPS), and data center servers. The companys standalone net profit soared 179.92% to Rs 85.32 crore on a 172.13% surge in revenue from operations to Rs 819.69 crore in Q4 FY26 over Q4 FY25. First Published: Aug 18 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PVR Inox share price traded near 52-week high in Tuesday's trade. First Published: Aug 18 2026 | 10:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indo-MIM shares surge 10% post Q1 show, nearly double investors’ IPO gains First Published: Aug 18 2026 | 10:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hatsun Agro Products rose 1.19% to Rs 980.35 after its Arun Icecreams brand participated in the New York India Day Parade 2026 on Madison Avenue on 16 August, marking its debut at the event and strengthening its presence in the US market. The participation follows Arun Icecreams recent expansion into the United States and represents the brands first appearance at the New York India Day Parade. The event provides Arun Icecreams with an opportunity to strengthen its visibility in the US market and engage with a wider consumer audience as it expands its international presence. R.G. Chandramogan, chairman, Hatsun Agro Product Ltd., said: Arun Icecreams has been part of peoples happy moments for many decades, and participating in New Yorks India Day Parade for the first time is a very special occasion for us. As we continue to strengthen our presence in the United States, this event gives us an opportunity to share the Arun Icecreams experience with a wider audience and introduce more consumers to the flavours that have been loved for generations. We remain grateful for the trust consumers have placed in Arun Icecreams over the years. With that same commitment to quality and delight, we look forward to taking the brand to more consumers across international markets and building our global journey step by step. Hatsun Agro Product is one of Indias private dairy companies, with businesses spanning milk, curd, ice cream and other value-added dairy products under brands including Arun Icecreams, Arokya and Hatsun. The companys consolidated net profit jumped 47.97% to Rs 60.58 crore in Q1 FY27 from Rs 40.94 crore recorded in Q1 FY26. Net sales increased 17.61% YoY to Rs 2,363.72 crore in Q1 FY27. First Published: Aug 18 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nelco dropped 9.21% to Rs 982 after the company announced a $20 million strategic investment in Lunar Holdco, Inc., doing business as Elveo Mobile. The investment appeared to weigh on sentiment as Nelco is committing $20 million to a pre-revenue company, while its eventual equity stake in Lunar is not presently determinable. The company said the investment does not confer control over Lunar. Nelco said the strategic investment is aimed at establishing a long-term partnership with Lunar for the provision, distribution and commercialisation of satellite-based D2D, IoT and related communication services in India and other countries. Commercial operations by Lunar in India will remain subject to applicable regulatory approvals, licences and authorisations. Under the partnership, Nelco will bring Elveo's satellite connectivity and computing solutions to sectors including automotive, maritime, energy and government. Potential applications include vehicle telematics, fleet and asset tracking, infrastructure monitoring, remote operations, disaster response and business continuity. The transaction was completed on 17 August 2026 following board and shareholder approvals. Lunar was formed in January 2026 through the merger of Lynk Global and Omnispace and is backed by strategic investors including SES. Nelco, a part of the Tata Group, is a leading satellite communication service provider in India, providing connectivity solutions across the country. The company's next-gen communication services span across all critical segmentsEnterprise, Government, Defence, Maritime, and Aero-IFC addressing unique connectivity challenges in varied terrains and regions across India, Indian waters and Indian skies. Nelco partners with multiple global technology and Satcom players to strengthen its offerings and expand its reach. On a consolidated basis, NELCO's net profit rose 30% to Rs 2.34 crore while net sales rose 7.01% to Rs 80.03 crore in Q1 June 2026 over Q1 June 2025. First Published: Aug 18 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The price band for Shankesh Jewellers IPO has been fixed at ?88 to ?93 apiece. | Bloomberg First Published: Aug 18 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From Govt. of Arunachal Pradesh Protean eGov Technologies has received a work order by the Government of Arunachal Pradesh for the design, development, implementation and maintenance of the Arun Parivar Patra (APP) State Family Registry Platform. The contract is valued at Rs 5.99 crore (including taxes). The project will establish a unified digital family registry for the State, including family enrolment, mobile-based registration, data validation, integration with various Government Departments, dashboards, reporting, testing, training and Go-Live support. First Published: Aug 18 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Biocon's subsidiary in the United States has received supplemental U.S. Food and Drug Administration (FDA) approval for Yesintek 45 mg/0.5 ml single-dose prefilled autoinjector and Yesintek 90 mg/ml single-dose prefilled autoinjector. Yesintek was originally approved by the U.S. FDA on 29 November 2024. The Yesintek single-dose prefilled autoinjector offers patients with another important treatment option. This new delivery format supports more tailored treatment approaches across different care settings and patient needs. Yesintek is indicated for the treatment of moderate to severe plaque psoriasis and active psoriatic arthritis in adult and pediatric patients 6 years of age and older, and moderate to severely active Crohn's disease and ulcerative colitis in adultsa range of debilitating autoimmune conditions that affects tens of thousands of Americans. First Published: Aug 18 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 18 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: GIFT Nifty August 2026 futures were down 2.50 points, suggesting a flat start for the Nifty 50 today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 2,535.10 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 5,101.46 crore in the Indian equity market on 17 August 2026, according to provisional data. FPIs bought shares worth Rs 12028.69 crore in August so far, through 17 August 2026. This follows net cash purchases of Rs 6,731.97 crore in July 2026, while they were net sellers of Rs 53,957.90 crore in June 2026. Global Markets: Most Asian stocks traded lower on Tuesday as renewed uncertainty over the US-Iran ceasefire pushed oil prices above $91 a barrel and heightened inflation concerns. US President Donald Trump ruled out extending the 60-day agreement with Iran and threatened military action against Oman, while negotiations between Washington and Tehran remained stalled. Higher oil prices also pushed longer-dated US Treasury yields higher. China's economy lost momentum in July, with consumer spending, investment and industrial activity weakening. Retail sales grew 0.6% year-on-year, slowing from 1% growth in June. Urban fixed-asset investment fell 6.7% in the first seven months of the year, compared with a 5.7% decline in the first half, while industrial output growth slowed to 4.5% from 5.3% in June. The urban unemployment rate rose to 5.2% from 5% in June. US stocks ended lower overnight as renewed tensions between Washington and Tehran lifted oil prices and revived inflation concerns. The Dow Jones Industrial Average fell 0.51%, the S&P 500 declined 0.52% and the Nasdaq Composite shed 0.32%. Investors will now focus on the minutes of the Federal Reserve's July meeting, due Wednesday, for clues on the interest-rate outlook. The Fed had kept its benchmark rate unchanged at 3.50%-3.75% at its 28-29 July meeting, although three policymakers dissented in favour of a rate hike. Domestic Market: Key benchmark indices started the week on a weak note on Monday, with the Nifty slipping below 24,300 as elevated crude oil prices weighed on sentiment. Brent crude hovered around $89 a barrel amid the lack of progress in ending the Iran conflict. IT, FMCG and consumer durables shares were under pressure while metal shares climbed. The S&P BSE Sensex lost 281.09 points or 0.36% to 77,728.16. The Nifty 50 index declined 78.35 points or 0.32% to 24,287.65. First Published: Aug 18 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
One97 Communication (Paytm)s promoter entity, Resilient Asset Management B.V, proposes to sell up to 4.98% equity in fintech firm through a block deal under its existing optionally convertible debenture (OCD) agreement with Antfin (Netherlands) Holding B.V. (Antfin). The economic value to be received by Resilient will be retained by Antfin under the OCD agreement. DCX Systems received purchase order from its customers worth Rs 15.19 crore. Further, its wholly owned subsidiary, Raneal Advanced Systems received purchase order from its customer worth Rs 3.09 crore. Manipal Health Enterprises has signed business transfer Agreement (BTA) to acquire the entire operations and assets of Kinder Womens Hospital and Fertility Centre in Bengaluru for Rs 130 crore, strengthening its hospital network in the city. Jyoti CNC Automation plans to invest Rs 1,020.65 crore over the next five years at its existing manufacturing facility after receiving approval under the Electronic Components Manufacturing Scheme. Indo-MIM reported 31.64% jump in consolidated net profit to Rs 240.12 crore in Q1 FY27 compared with Rs 182.41 crore in Q1 FY26. Revenue from operations increased 9.39% YoY to Rs 12,18.74 crore in Q1 FY27. First Published: Aug 18 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 9.39% to Rs 1218.74 crore First Published: Aug 18 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Aug 18 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 9.22 crore First Published: Aug 18 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GMR Airports announced that its subsidary, GMR Visakhapatnam International Airport (GVIAL) has commenced commercial operations at Alluri Sitarama Raju International Airport in Bhogapuram, Andhra Pradesh, from 17 August 2026. Kanwarbir Singh Kalra, chief executive officer, GMR Visakhapatnam International Airport, said, The commencement of commercial operations at Alluri Sitarama Raju International Airport marks a transformational moment for North Andhra Pradesh and the beginning of a new chapter in the region's connectivity journey. This achievement reflects years of meticulous planning, engineering excellence, regulatory compliance, and operational preparedness by our teams and partners. This airport will serve as a powerful catalyst for trade, tourism, investment, and employment, while strengthening regional and global connectivity and supporting the long-term economic growth of North Andhra Pradesh. GMR Airports is mainly engaged in the development, maintenance, and operation of airports; generation of power; coal mining and exploration activities; development of highways; and development, maintenance, and operation of special economic zones. The companys consolidated net profit tumbled 144.06% to Rs 91.04 crore despite 23.76% jump in net sales to Rs 3966.88 crore in Q1 FY27 over Q1 FY26. The scrip shed 0.34% to settle at Rs 101.50 on Monday, 17 August 2026. First Published: Aug 18 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: Paytm, Jio Financial, SpiceJet, Swiggy, Netweb, Lenskart First Published: Aug 18 2026 | 8:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: The Nifty50 and the Sensex are expected to extend losses as oil prices advanced on concern about the US and Iran tension. First Published: Aug 18 2026 | 8:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US West Texas Intermediate crude futures were up 42 cents to $85.04 a barrel, after gaining more than ?1% earlier in the session to $85.37, their highest since July 31 Oil prices rose on Tuesday as a deal to end the Middle East war seemed further out of sight with Iran saying it will adopt a more offensive stance and the US ruling out extending a ceasefire agreement, heightening worries about energy supply. Iran will shift to a "fully offensive" military posture because efforts ?to negotiate a permanent end to the war with the US have stalled, a senior Iranian official told Reuters on Monday, as Washington ruled out extending a temporary ceasefire agreement. Outward progress towards peace talks and a resumption of oil tanker traffic through the strategic Strait of Hormuz has ground to a halt, threatening to extend the conflict that the US and Israel launched with attacks on Iran on February 28. Brent crude futures climbed 27 cents, or 0.3 per cent, to $91.14 by 0003 GMT, after rising to their highest since July 30 on Monday. US West Texas Intermediate crude futures were up 42 cents to $85.04 a barrel, after gaining more than ?1 per cent earlier in the session to $85.37, their highest since July 31. "Oil has jumped to start the week as US-Iran relations look increasingly shaky. A deal to reopen the Strait of Hormuz still does not appear to be in sight, and shipping numbers remain at a trickle," said chief market analyst at KCM, Tim Waterer. Following attacks on tankers, only five commodity vessels transited the Hormuz strait on Saturday, with none registered for Sunday, ship-tracking data from Kpler showed, versus 31 in the prior weekend. "The dual chokehold on the Strait of Hormuz and the Bab el-Mandeb remains highly significant. These are not secondary ?concerns. They sit at the centre of the current supply-risk narrative," KCM's Waterer said. Iran has separately been negotiating ?an agreement on managing the strait with Oman and says they are close to a deal. But Trump responded to those negotiations with a threat to bomb the Gulf state, a ?longstanding US security partner. In a glimmer of hope for diplomacy though, media reports said Trump had opened back-channel discussions with the Islamic Revolutionary Guard Corps. US crude oil stockpiles were expected to have fallen ?last week alongside product inventories, a preliminary Reuters poll showed on Monday. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 18 2026 | 7:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jyoti CNC among 3 stocks looking strong on technical charts, says Geojit First Published: Aug 18 2026 | 7:53 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fractal Analytics among two stocks Kotak Securities is bullish on First Published: Aug 18 2026 | 7:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sebi chairman Tuhin Kanta Pandey This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 10:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vijay Shekhar Sharma Paytm Founder First Published: Aug 17 2026 | 10:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 9:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 9:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 8:47 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 8:47 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 8:47 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 8:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 8:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 8:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 8:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 8:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 8:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 8:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 8:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 8:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 8:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 8:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 8:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Smit Shukla, country head, Philips Personal Health First Published: Aug 17 2026 | 7:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Smit Shukla, country head, Philips Personal Health First Published: Aug 17 2026 | 7:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Smit Shukla, country head, Philips Personal Health First Published: Aug 17 2026 | 7:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Smit Shukla, country head, Philips Personal Health First Published: Aug 17 2026 | 7:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Smit Shukla, country head, Philips Personal Health First Published: Aug 17 2026 | 7:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Smit Shukla, country head, Philips Personal Health First Published: Aug 17 2026 | 7:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Smit Shukla, country head, Philips Personal Health First Published: Aug 17 2026 | 7:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Smit Shukla, country head, Philips Personal Health First Published: Aug 17 2026 | 7:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Smit Shukla, country head, Philips Personal Health First Published: Aug 17 2026 | 7:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Smit Shukla, country head, Philips Personal Health First Published: Aug 17 2026 | 7:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Smit Shukla, country head, Philips Personal Health First Published: Aug 17 2026 | 7:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Smit Shukla, country head, Philips Personal Health First Published: Aug 17 2026 | 7:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 7:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 7:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 17 2026 | 7:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 17 2026 | 7:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 17 2026 | 7:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 17 2026 | 7:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 17 2026 | 7:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Om Infra has received Letter of Award for execution of a Supplementary Agreement from the Office of the Superintending Engineer, Circle Office, Uttar Pradesh Jal Nigam (Rural), Lucknow, Uttar Pradesh. This supplementary order is issued under the Company's existing agreement for ongoing drinking water schemes in District Unnao. Total sanctioned supplementary value is Rs 29.01 crore. First Published: Aug 17 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 7:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 7:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The initial public offering of Horizon Industrial Parks Ltd received 14 per cent subscription on the first day of bidding on Monday. The company's IPO received bids for 3,52,85,000 shares against 25,13,56,273 shares on offer, according to NSE data. The category for retail investors received 19 per cent subscription. The quota for Qualified Institutional Buyers (QIBs) was subscribed 18 per cent and that of non-institutional investors 3 per cent. Horizon Industrial Parks is an industrial and logistics infrastructure developer, owner and operator with a portfolio of around 60 million square feet across 46 assets in 10 cities. Blackstone-backed Horizon Industrial Parks Ltd on Friday raised Rs 1,168 crore from anchor investors. The company's Rs 2,600-crore IPO will close on August 19. The price band has been fixed at Rs 57-60 per share. The IPO comprises entirely a fresh issue of equity shares, with no offer-for-sale (OFS) component. At the upper price band, the issue values the company at a post-issue market capitalisation of around Rs 17,298 crore. The company proposes to use the IPO proceeds primarily to repay borrowings. Blackstone currently holds around an 89 per cent stake in the company, according to the red herring prospectus. The equity shares are proposed to be listed on the BSE and NSE on August 24. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 17 2026 | 6:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators slightly decreased net shorts in Pound futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net short position of 56221 contracts in the data reported through August 11 2026. This was a weekly decrease of 1593 net short contracts. First Published: Aug 17 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee depreciated 19 paise to close at 95.61 (provisional) against the US dollar on Monday, amid weak domestic equity markets and a surge in crude oil prices. The USD/INR pair is likely to trade with a slight negative bias, pressured by the delay in the deal between the US and Iran, rising crude oil prices and broader dollar support. Moreover, investors' sentiment turned cautious after the Reserve Bank of India on August 14 said that its swap facility for FCNR (B) deposits will be available only for deposits mobilised till August 31. Indian shares ended Monday's session lower as investors digested weak economic data from the U.S., Japan and China, and kept a close eye on geopolitical developments in the Middle East, adding pressure on rupee. First Published: Aug 17 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sudhir joins Stanley Lifestyles from Revathi Equipment (Dalmia Group), where he served as Group CFO & Vice President, leading financial strategy, business expansion and transformation initiatives. Prior to this, he held leadership positions at Goenka International and senior finance roles at Arvind Lifestyle Brands, where he worked closely with business leadership on financial performance, strategic decision-making and business growth. First Published: Aug 17 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The overall Labour Force Participation Rate (LFPR) for persons aged 15 years and above increased to 55.4% in July, 2026, from 54.4% in June, 2026. After declining from March to May, 2026 and remaining unchanged in June, 2026, the overall LFPR increased in July, 2026. The same trend was also observed in rural areas, where the LFPR for persons aged 15 years and above increased to 58.0% in July, 2026, from 56.6% in June, 2026, registering an increase of 1.4 percentage points. In urban areas, LFPR increased marginally, from 50.1% in June, 2026 to 50.4% in July, 2026. Compared to the same month of the previous year, the overall LFPR increased by 0.5 percentage point, from 54.9% in July, 2025 to 55.4% in July, 2026. During the same period, rural LFPR also increased by 1.1 percentage points, from 56.9% to 58.0%, while urban LFPR experienced a marginal decline by 0.3 percentage point, from 50.7% to 50.4%. The overall female LFPR experienced a noticeable increase from 32.7% in June, 2026 to 34.4% in July, 2026. During the same period, rural female LFPR increased from 36.6% to 38.8% and urban female LFPR increased from 24.8% to 25.3%. Compared to July, 2025, the overall female LFPR increased by 1.1 percentage points, from 33.3% to 34.4% in July, 2026. In rural areas, female LFPR rose by 1.9 percentage points, from 36.9% to 38.8%, while urban female LFPR declined marginally by 0.5 percentage point, from 25.8% to 25.3%. The Worker Population Ratio (WPR) in the age group 15 years and above showed a broadly improving trend in July, 2026 across sectors. The overall WPR increased to 52.5% in July, 2026 from 51.4% in June, 2026. In rural areas, WPR increased to 55.4% in July, 2026 from 53.8% in June, 2026, indicating an increase of 1.6 percentage points. WPR in urban areas increased marginally to 47.0% from 46.8% during the same period. Notably, rural female WPR increased by 2.5 percentage points from 34.7% in June, 2026 to 37.2% in July, 2026 and urban female WPR increased from 22.7% to 23.1% during the same period. A year-on-year comparison shows that overall WPR is higher by 0.5 percentage point in July, 2026 (52.5%) against July, 2025 (52.0%). While the urban WPR was recorded at the same level (47.0%) during the period, the rural WPR witnessed an increase of 1.0 percentage point (55.4% vs 54.4%). Overall unemployment rate or UR among persons of age 15 years and above dropped to 5.1% in July, 2026 from 5.5% in June, 2026. In rural areas, the UR decreased sharply to 4.5% in July, 2026 from 5.0% in the previous month. During the same period, the urban UR remained almost steady at 6.7% compared to 6.6%. Compared with July, 2025, the overall UR and rural UR remained broadly stable in July, 2026, whereas the urban UR decreased by 0.5 percentage point from 7.2% in July, 2025 to 6.7% in July, 2026. Among male of age 15 years and above, the overall UR declined from 5.3% in June, 2026 to 5.0% in July, 2026. This is also lower by 0.3 percentage point as compared to July, 2025 (5.3%). The rural male UR declined from 4.9% in June, 2026 to 4.6% in July, 2026 and was at the same level observed in July, 2025. While the urban male UR maintained broad stability in comparison with the previous month, it declined by 0.7 percentage point to 5.9% in July, 2026 against 6.6% in July, 2025. For female of age 15 years and above, the overall and rural UR in July, 2026 decreased in comparison to June, 2026. However, it remained above the level observed a year ago in July, 2025. The urban female UR increased by 0.4 percentage points to 8.8% in July, 2026 from 8.4% in June, 2026, while it remained broadly stable compared with the July, 2025 level (8.7%). First Published: Aug 17 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 17 2026 | 5:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 3.52 crore shares as against 25.13 crore shares on offer. The issue opened for bidding on 17 August 2026 and will close on 19 August 2026. The price band of the IPO is fixed between Rs 57 and 60 per share. An investor can bid for a minimum of 250 equity shares and multiples thereof The issue comprises only issue of fresh shares of Rs 10 face value aggregating to Rs 2,600 crore. Of the net proceeds from fresh issue, the company intends to use Rs 2,250 crore towards re/pre-payment (in full or part) of certain borrowings availed by the company as well as certain of its wholly owned subsidiaries and balance towards general corporate purposes. Ahead of the IPO, Horizon Industrial Parks on Friday, 14 August 2026, raised Rs 1,167.75 crore from anchor investors. The board allotted 19.46 crore shares at Rs 60 each to 54 anchor investors. Horizon Industrial Parks [HIPL] offers clients Grade A quality fulfillment centers (warehouses), industrial facilities, and in-city centers across the countrys major industrial and consumption hubs. HIPL is the only scaled pure-play industrial and logistics platform offering comprehensive solutions to customers, combining real estate, infrastructure and operational services under one roof. The total network of 58.58 million sq ft comprises 51.67 million sq ft of industrial & logistics parks and 17 in-city centres with an area of 6.91 million sq ft spread across seven cities/metropolitan areas. The firm reported a consolidated net loss of Rs 197.64 crore and sales of Rs 691.38 crore for the twelve months ended on 31 March 2026. First Published: Aug 17 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 17 2026 | 5:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
New Delhi Television has entered into an Asset Purchase Agreement with Lifestyle & Media Broadcasting (seller) for acquisition of the business undertaking comprising the GoodTimes channel (business undertaking) for a lump sum consideration of Rs 18 crore. The completion of the acquisition is subject to fulfilment of the closing conditions as specified in the Agreement, including receipt of requisite approval from the Ministry of Information and Broadcasting (MIB) and other regulatory/statutory approvals, as may be applicable. First Published: Aug 17 2026 | 5:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 4:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty settled below the 24,300 level, while market sentiment remained subdued in the absence of strong directional cues. Investors continued to monitor movements in crude oil and gold prices, along with developments on the global geopolitical front, for further indications on the market's near-term trajectory. As per provisional closing data, the barometer index, the S&P BSE Sensex lost 281.09 points or 0.36% to 77,728.16. The Nifty 50 index declined 78.35 points or 0.32% to 24,287.65. The Sensex declined 0.45% in two consecutive trading sessions, while the Nifty fell 1.20% in five consecutive trading sessions. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.18% and the BSE 250 SmallCap Index advanced 0.06%. The market breadth was negative. On the BSE, 2,094 shares rose and 2,348 shares fell. A total of 238 shares were unchanged. In the commodities market, Brent crude for Oct 2026 settlement rose $1.08 or 1.22% to $89.60 a barrel. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.6650 compared with its close of 95.4200 during the previous trading session. IPO Update: Horizon Industrial Parks received bids for 3,39,21,000 shares as against 25,13,56,273 shares on offer, according to stock exchange data at 15:30 IST on 17 August 2026. The issue was subscribed 0.13 times. The issue opened for bidding on 17 August 2026 and will close on 19 August 2026. The price band of the IPO is fixed between Rs 57 and 60 per share. An investor can bid for a minimum of 250 equity shares and multiples thereof. Lalithaa Jewellery Mart received bids 2,82,38,622 shares as against 6,27,61,403 shares on offer, according to stock exchange data at 15:30 IST on 17 August 2026. The issue was subscribed 0.45 times. The issue opened for bidding on 17 August 2026 and will close on 19 August 2026. The price band of the IPO is fixed between Rs 190 and 201 per share. An investor can bid for a minimum of 74 equity shares and multiples thereof. Buzzing Index: The Nifty IT index fell 1.75% to 30,807.80. The index dropped 2.05% in two consecutive trading sessions. HCL Technologies (down 2.57%), Infosys (down 2.51%), Tata Consultancy Services (down 2.02%), Tech Mahindra (down 1.4%), Mphasis (down 1.38%), Wipro (down 1.14%), Coforge (down 0.33%), Oracle Financial Services Software (down 0.33%), LTM (down 0.32%) and Persistent Systems (down 0.18%) declined. Stocks in Spotlight: Larsen & Toubro rose 0.33%. The company said that L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an 'ultra-mega' order from a prestigious client in the Middle East for developing multiple offshore facilities. As per L&T's internal classification, the value of this 'ultra-mega' contract is more than Rs 15,000 crore. PTC Industries surged 7.14%. The company reported a consolidated net profit of Rs 29.2 crore in Q1 FY27, which is higher by 466.2% as compared with the PAT figure of Rs 5.2 crore posted in Q1 FY26. Total income increased by 83% year-on-year (YoY) to Rs 197.1 crore during the period under review. Knowledge Marine & Engineering Works shed 0.16%. The company's consolidated net profit surged 447.7% to Rs 61.73 crore in Q1 FY27 from Rs 11.27 crore in Q1 FY26. Revenue for the period under review was Rs 115.41 crore, up 138.1% year-on-year (YoY). Revenue for the June'25 quarter was Rs 48.47 crore. Cochin Shipyard declined 2.48% after it reported a 19.38% decline in consolidated net profit to Rs 151.45 crore on a 2.40% increase in revenue from operations to Rs 1,094.21 crore in Q1 FY27 over Q1 FY26. Zaggle Prepaid Ocean Services hit the lower circuit of 20%. The company reported a 32.86% year-on-year decline in consolidated net profit to Rs 17.53 crore for Q1 FY27 from Rs 26.11 crore in the corresponding quarter last year. Revenue from operations rose 27.50% year on year to Rs 423.27 crore during the quarter. Voltas slipped 4.38%. The company has reported 51% rise in consolidated net profit to Rs 213 crore on a 19% increase in total income to Rs 4,765 crore in Q1 FY27 as compared with Q1 FY26. PhysicsWallah added 0.68%. On a consolidated basis, loss for the period narrowed to Rs 88 crore in Q1 FY27 from Rs 127 crore in Q1 FY26 and Rs 69 crore in Q4 FY26. Revenue from operations increased 24% YoY and 14.7% QoQ to Rs 1,054 crore in Q1 FY27. Anupam Rasayan India declined 1.07%. The company has reported a 6% rise in consolidated net profit to Rs 512 crore on a 35% increase in revenue from operations to Rs 6,550 crore in Q1 FY27 as compared with Q1 FY26. Rubicon Research surged 11.56% after the company reported strong Q1 FY27 performance, with sharp growth in revenue, EBITDA and profit. On a consolidated basis, net profit increased 95.8% YoY and 10.4% QoQ to Rs 84.78 crore in Q1 FY27. Net sales increased 51.6% YoY and 4.0% QoQ to Rs 534.34 crore. Turtlemint Fintech Solutions zoomed 10.63% after the companys consolidated net loss narrowed to Rs 37.78 crore in Q1 FY27 compared with net loss of Rs 46.69 crore recorded in Q1 FY26. Net sales increased 39.71% year on year to Rs 294.08 crore during the quarter. Global Markets: Most European markets traded in positive territory, while Asian equities advanced on Monday, supported by softer US economic data and easing expectations of near-term Federal Reserve interest rate hikes. Gains in Asian markets were led by basic resources stocks as gold prices advanced, while optimism in Chinese equities further supported sentiment. Brent crude hovered around $89 a barrel as progress towards a US-Iran peace deal remained stalled and tanker traffic through the Strait of Hormuz stayed disrupted, keeping supply risks and inflation concerns in focus. Japan's economy grew at an annualised 1.1% in the April-June quarter, slowing from the previous quarter and falling short of market expectations of 2%. GDP rose 0.3% quarter-on-quarter, also below the 0.5% expected by economists. On Wall Street, US stocks ended lower on Friday after weaker-than-expected retail sales data raised concerns about consumer spending. The S&P 500 fell 0.17% to 7,785.76, the Nasdaq Composite declined 0.28% to 26,729.16 and the Dow Jones Industrial Average shed 0.20% to 53,732.41. Despite the decline, the S&P 500 posted its third consecutive weekly gain. US inflation data released last week showed consumer prices rose 0.1% in July, while producer prices were unchanged. The softer inflation readings have reduced expectations of a near-term Federal Reserve rate hike, although investors remain focused on persistent inflation risks from higher energy prices. The minutes of the Fed's July meeting, due on Wednesday, will be closely watched for clues on the central bank's policy outlook. First Published: Aug 17 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India is considering easier approvals and new coordination rules as global and Indian satellite operators prepare to enter the market First Published: Aug 17 2026 | 4:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 4:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Chip and AI-related stocks led the gains, with Kioxia Holdings, Fujikura, Advantest, Furukawa Electric, and Tokyo Electron all rising. Financial and consumer stocks mostly fell. Japanese shares also advanced despite JGB yields hitting fresh 30-year highs as investors increased bets on an imminent Bank of Japan rate hike. In corporate news, Nvidia was reportedly considering investing up to $3 billion in SB Energy, a SoftBank Group unit developing a major data center project in Ohio for OpenAI. First Published: Aug 17 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cambricon Technologies, Zhongji Innolight, Eoptolink Technology, NAURA Technology, SMIC, and Hygon Information Technology were among the top performers. SMIC surged after reporting that its second-quarter profit more than tripled from a year earlier, while Hygon posted solid growth in revenue, profit, and R&D spending. However, the broader economic picture remained weak. Recent data showed fixed-asset investment, industrial output, and retail sales all fell short of expectations, pointing to a slow start to the second half of the year. The NBS said the economy remained generally stable but warned that weak domestic demand and an uncertain global environment continue to weigh on growth. First Published: Aug 17 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 4:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators slightly increased net short in the Euro futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net short position of 60010 contracts in the data reported through Aug 11, 2026. This was a weekly addition of 1919 net positions. First Published: Aug 17 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 17 2026 | 3:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Consultancy Services (TCS) has launched TCS ADD AgentHub, a role-based, enterprise ready, and trusted AI platform that enables the use of agentic AI in drug development at scale. This new agentic AI workforce transforms clinical trials and pharmacovigilance services while maintaining regulatory and audit requirements. Pharmaceutical companies function in highly regulated environments, where they face challenges with trust, governance and scalability when applying AI across functions. Growing data volumes, fragmented systems, and increasing regulatory expectations across clinical development and pharmacovigilance are adding complexities to the entire R&D value chain. TCS ADD AgentHub provides a structured framework to mitigate these challenges. Within the framework AI agents can operate with clear roles, defined oversight, and built-in auditability. Pharma companies can custom build their AI agent hub and deploy them across clinical workflows. The platform allows rapid and streamlined integration with minimal effort, accelerating adoption while maintaining regulatory compliance. Built on the TCS ADD framework, TCS ADD AgentHub delivers measurable operational benefits across drug development and drug safety functions. Solutions powered by the platform have demonstrated up to 40% efficiency gains in clinical data management activities, up to 30% reduction in clinical study build effort through metadata-driven automation, and up to 30% cost savings in end-to-end safety case processing. AI powered safety agents can also reduce quality control effort by as much as 50%, helping organizations improve productivity across critical R&D processes. Built on the TCS ADD agentic AI architecture, TCS ADD AgentHub enables pharma companies to deploy a Human + AI Operating Model in which AI agents are embedded into enterprise workflows, with humans retaining responsibility for governing and decision-making. First Published: Aug 17 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NITI Aayog has released a report assessing Indias regulatory framework for professional services and benchmarking it against select foreign jurisdictions, with the aim of identifying challenges and policy measures to strengthen the sector and unlock the potential of Indias skilled workforce. Professional services account for nearly one-fourth of Indias total services exports, according to the report. As knowledge-intensive, high-value activities, professional services contribute to downstream services, employment generation and remittance inflows, while playing a significant role in the broader services value chain. The report emphasises that a better understanding of the regulatory ecosystem is essential for unlocking further growth in professional services and strengthening Indias position in global markets. The report outlines a four-pronged strategy to improve the efficiency and output of Indias professional services sector. The strategy includes harnessing emerging trends to transform professional services, elevating professional services within the wider services value chain, adopting global best practices, and promoting continuous professional development. NITI Aayog said professional services could create significant opportunities for high-skilled employment, entrepreneurship and innovation as India moves towards its demographic peak. A well-designed regulatory framework, the report noted, can support the expansion of services exports, facilitate cross-border mobility of professionals and improve the ease of doing business. The report is intended to serve as an indicative roadmap for future policy discussions and more detailed examination of the regulatory foundations of professional services. NITI Aayog said strengthening the professional services ecosystem would be important for building a globally competitive, inclusive and future-ready services sector as India works towards the goal of Viksit Bharat @2047. First Published: Aug 17 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PTC Industries share price soared 8% in Monday's trade. First Published: Aug 17 2026 | 2:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Yes Bank’s dollar bond is rated Ba1 by Moody’s Ratings and BB+ by S&P Global Ratings, just one notch below investment grade rating. First Published: Aug 17 2026 | 2:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Schneider Electric Infrastructure tumbled 11.18% to Rs 1215.40 after the company reported 69.8% drop in net profit to Rs 12.4 crore in Q1 FY27 from Rs 41.2 crore in Q1 FY26. The company stated that the profitability was impacted by volatility of commodity prices, lag in passing on higher input costs, and by a relatively lower operating leverage. Revenue rose by 4.8% year-on-year (YoY) to Rs 651.4 crore during the period under review. The topline growth was moderate due to project execution timelines and the phased conversion of recent order wins into sales. EBITDA fell by 44.4% YoY to Rs 41 crore and EBITDA margin contracted by 550 basis points to 6.3% in the June'26 quarter. Profit before tax in Q1 FY27 stood at Rs 17 crore, up by 69.6% from Rs 55.9 crore in Q1 FY26. The company's order intake for Q1 FY27 was Rs 915 crore (up 0.5% YoY) as emerging segments like data centres and semiconductors witnessed strong demand. Order backlog as on 30 June 2026 was Rs 2,169 crore, up 32.7% YoY. Schneider Electric Infrastructure specializes in manufacturing, designing, constructing, and servicing advanced products and systems for electricity networks. First Published: Aug 17 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
$115/bbl oil could push OMCs' operating profit into red, estimates CareEdge First Published: Aug 17 2026 | 2:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
$115/bbl: CareEdge pegs oil level seen turning OMCs' operating profit red First Published: Aug 17 2026 | 2:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
EMS added 2.50% to Rs 370.90 after the company announced the receipt of the lowest bidder (L-1) status awarded by Municipal Corporation Jodhpur for sewerage work. The contract is for laying of new sewer line in left out area and redesigning and rejuvenation of old and damaged sewer line and lateral sewerage system in Jodhpur City. The value of this contract is Rs 129.80 crore. The project is scheduled for completion within a period of 24 months. EMS is an engineering, procurement and construction (EPC) company focused on water and wastewater infrastructure projects for government authorities. The company had reported 184.65% rise in standalone net profit to Rs 15.03 crore in Q1 FY27 from Rs 5.28 crore in Q1 FY26. Operating income increased by 50.27% YoY to Rs 125.72 during the period under review. First Published: Aug 17 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani Power Ltd is quoting at Rs 203.3, down 0.95% on the day as on 13:19 IST on the NSE. The stock jumped 69.77% in last one year as compared to a 2.12% slide in NIFTY and a 12.23% spurt in the Nifty Energy index. Adani Power Ltd dropped for a fifth straight session today. The stock is quoting at Rs 203.3, down 0.95% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.07% on the day, quoting at 24349.25. The Sensex is at 77871.09, down 0.18%.Adani Power Ltd has lost around 7.58% in last one month.Meanwhile, Nifty Energy index of which Adani Power Ltd is a constituent, has eased around 2.42% in last one month and is currently quoting at 38554.2, up 0.38% on the day. The volume in the stock stood at 74.1 lakh shares today, compared to the daily average of 187.08 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 203.51, down 1.18% on the day. Adani Power Ltd jumped 69.77% in last one year as compared to a 2.12% slide in NIFTY and a 12.23% spurt in the Nifty Energy index. The PE of the stock is 33.05 based on TTM earnings ending June 26. First Published: Aug 17 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sky Gold & Diamonds Ltd, said on Monday it has been added to the MSCI India Domestic Small Cap Index as part of the latest index review by MSCI. The company said the inclusion reflects its growing presence in India's listed small-cap universe. Sky Gold also said it turned operating cash flow positive during the current quarter, a step it described as improving working capital discipline. The company said it remains focused on balancing business expansion with profitability and cash flow generation. The jewellery maker said it is strengthening its governance and management framework, including a structured leadership approach and reinforced financial and governance processes, and has engaged a large global accounting firm. Sky Gold said it continues to focus on lightweight and value-added jewellery, while expanding its customer base and its presence across organised jewellery retail. The company said its asset-light manufacturing model remains central to its strategy of scaling capacity while maintaining capital efficiency. "Our inclusion in the MSCI India Domestic Small Cap Index is an important recognition of our growth journey over the years - from building scale to building a stronger, more disciplined and institution-ready organisation," Managing Director Mangesh Chauhan said in a statement. "As we move forward, our focus is on a sustainable business - one that grows profitably, converts growth into cash, deploys capital efficiently and continues to strengthen the systems and governance required to operate at a much larger scale," Chauhan said. Chauhan said the company, under an initiative it calls "Sky Gold 3.0," is building its organisation for the next phase of growth with greater financial discipline, deeper customer relationships and a more scalable operating model. He added that the company believes the MSCI inclusion will broaden its visibility within the institutional investment community. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 17 2026 | 2:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The benchmark indices continued to pare losses in afternoon trade as investors continued to assess the slew of latest corporate earnings announcements. The Nifty traded near the 24,350 mark. Metals, realty and private bank stocks advanced while pharma, FMCG and IT shares declined. The broader market sentiment continued to remain subdued amid a lack of strong directional cues. Investors continued to monitor movements in crude oil and gold prices, along with developments on the global geopolitical front, for further indications on the market's near-term trajectory. At 13:19 IST, the barometer index, the S&P BSE Sensex declined 143.93 points or 0.18% to 77,865.32. The Nifty 50 index fell 17.45 points or 0.07% to 24,348.55. In the broader market, the BSE 150 MidCap Index rose 0.22% while the BSE 250 SmallCap Index fell 0.02%. The market breadth was negative. On the BSE, 1,939 shares rose and 2,357 shares fell. A total of 271 shares were unchanged. Gainers & Losers: Hindalco (up 1.70%), HDFC Life (up 1.21%), ONGC (up 1.13%), Bajaj Finance (up 1.06%) and Kokak Mahindra Bank (up 0.96%) were the top gainers. On the other hand, Infosys (down 2.14%), HCL Tech (down 2.05%), ITC (down 1.69%), TCS (down 1.61%) and Cipla (down 1.58%) were the top losers. Stocks in Spotlight: Larsen & Toubro shed 0.09%. The company said that L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an 'ultra-mega' order from a prestigious client in the Middle East for developing multiple offshore facilities. As per L&T's internal classification, the value of this 'ultra-mega' contract is more than Rs 15,000 crore. PTC Industries jumped 6.72%. The company reported a consolidated net profit of Rs 29.2 crore in Q1 FY27, which is higher by 466.2% as compared with the PAT figure of Rs 5.2 crore posted in Q1 FY26. Total income increased by 83% year-on-year (YoY) to Rs 197.1 crore during the period under review. Knowledge Marine & Engineering Works added 2.33%. The company's consolidated net profit surged 447.7% to Rs 61.73 crore in Q1 FY27 from Rs 11.27 crore in Q1 FY26. Revenue for the period under review was Rs 115.41 crore, up 138.1% year-on-year (YoY). Revenue for the June'25 quarter was Rs 48.47 crore. Zaggle Prepaid Ocean Services hit the lower circuit of 20%. The company reported a 32.86% year-on-year decline in consolidated net profit to Rs 17.53 crore for Q1 FY27 from Rs 26.11 crore in the corresponding quarter last year. Revenue from operations rose 27.50% year on year to Rs 423.27 crore during the quarter. Voltas slipped 3.98%. The company has reported 51% rise in consolidated net profit to Rs 213 crore on a 19% increase in total income to Rs 4,765 crore in Q1 FY27 as compared with Q1 FY26. PhysicsWallah surged 6.31%. On a consolidated basis, loss for the period narrowed to Rs 88 crore in Q1 FY27 from Rs 127 crore in Q1 FY26 and Rs 69 crore in Q4 FY26. Revenue from operations increased 24% YoY and 14.7% QoQ to Rs 1,054 crore in Q1 FY27. Global Market: European ?shares inched up on Monday, led by basic resources stocks as gold prices advanced on a weaker dollar and softer U.S. economic data, while easing expectations of a Federal Reserve ??rate hike supported sentiment. In Asia, most markets traded higher as well, although gains were tempered by renewed concerns over the Middle East conflict and elevated crude oil prices. Brent crude hovered around $89 a barrel as progress towards a US-Iran peace deal remained stalled and tanker traffic through the Strait of Hormuz stayed disrupted, keeping supply risks and inflation concerns in focus. Japan's economy grew at an annualised 1.1% in the April-June quarter, slowing from the previous quarter and falling short of market expectations of 2%. GDP rose 0.3% quarter-on-quarter, also below the 0.5% expected by economists. On Wall Street, US stocks ended lower on Friday after weaker-than-expected retail sales data raised concerns about consumer spending. The S&P 500 fell 0.17% to 7,785.76, the Nasdaq Composite declined 0.28% to 26,729.16 and the Dow Jones Industrial Average shed 0.20% to 53,732.41. Despite the decline, the S&P 500 posted its third consecutive weekly gain. US inflation data released last week showed consumer prices rose 0.1% in July, while producer prices were unchanged. The softer inflation readings have reduced expectations of a near-term Federal Reserve rate hike, although investors remain focused on persistent inflation risks from higher energy prices. The minutes of the Fed's July meeting, due on Wednesday, will be closely watched for clues on the central bank's policy outlook. First Published: Aug 17 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE fell 2.62% to Rs 3,356.70 after a foreign brokerage downgraded the stock to 'underperform', citing concerns over lower trading volumes and the impact of the Closing Auction Session (CAS). The brokerage said BSE's revenue from domestic proprietary traders, which account for around 50% of notional turnover, could face headwinds from the securities transaction tax (STT) hike, RBI norms on bank guarantees and the introduction of the Closing Auction Session. It also noted that BSE's options average daily traded turnover (ADTO) in August 2026 was down 12% month-to-date compared with July 2026. The brokerage added that while consensus expects BSE to gain further market share, its expiry-day market share is now similar to that of NSE, while market-share gains outside T+0 and T+1 expiry days have slowed. The Closing Auction Session is a separate 20-minute trading session introduced earlier this month, during which exchanges collect buy and sell orders to determine a stock's closing price at the level where the maximum volume can be executed. The new mechanism replaced the earlier practice of determining the closing price based on the average price of trades during the final 30 minutes of regular trading. It was introduced to provide a more transparent closing price and improve execution efficiency for large orders. The change, however, has raised concerns over lower participation and its potential impact on trading activity for some market participants. BSE is Asia's oldest stock exchange and operates trading platforms for equities, derivatives, mutual funds, debt securities and SME listings. On a consolidated basis, BSE's net profit increased 62.3% YoY to Rs 873 crore in Q1 FY27. Revenue from operations rose 63.5% YoY to Rs 1,566 crore in the quarter ended 30 June 2026. Total revenue increased 63.6% YoY to Rs 1,708 crore. Operating EBITDA surged 67.4% YoY to Rs 1,046 crore, while the operating EBITDA margin expanded to 67% from 65% a year earlier. Operationally, BSE recorded its highest-ever quarterly equity cash average daily turnover (ADTV) of Rs 9,955 crore. The derivatives segment posted a record average daily premium turnover of Rs 29,615 crore, up 96% YoY. BSE StAR MF processed 23.4 crore transactions during the quarter, while revenue from the platform increased 20% YoY to Rs 73.3 crore. First Published: Aug 17 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Equirus' $20trn economy roadmap: List railways, cut TDS, end STT & more First Published: Aug 17 2026 | 1:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The partnership will leverage NSDL Payments Bank's prepaid card issuance services and banking infrastructure to support secure, RBI-compliant prepaid payment solutions across payment networks Fintech and enterprise technology firm Paramotor Digital Technology Ltd on Monday said it has entered into a co-branded partnership agreement with NSDL Payments Bank to issue prepaid cards across India. The partnership will support Paramotor's consumer spend management, digital gifting and rewards and loyalty platforms, including SpendPro, Yayyy.shop and RewardOn. The agreement is expected to enable Paramotor to offer industry-specific prepaid card programmes for enterprises and consumers across various use cases, the fintech firm said in a statement. The partnership will leverage NSDL Payments Bank's prepaid card issuance services and banking infrastructure to support secure, RBI-compliant prepaid payment solutions across payment networks. Rahul Anand, Promoter and Managing Director of Paramotor Digital Technology, said the agreement will strengthen the company's vertically integrated platforms. In May, Paramotor Digital filed draft papers with markets regulator Sebi through confidential route to raise funds through an initial public offering (IPO). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 17 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For deployment from home to grid Ola Electric unveiled an ambitious expansion of its Shakti energy storage portfolio-designed to store energy when it is available and deploy it when it is needed-from keeping a home powered through an outage to managing renewable energy at grid scale. Built around indigenous LFP battery technology and the company's vertically integrated cell-to system capabilities, Ola Shakti creates a single architecture across three markets: home energy with Shakti Gen2, commercial and infrastructure energy with Shakti Rack, and industrial and utility-scale energy with Mahashakti. The use cases of our world-class battery and cell technology will manifest beyond electric mobility, said Bhavish Aggarwal, Chairman and Managing Director, Ola Electric. Ola Shakti extends that innovation across every scale-from the home to the grid-helping India store and use clean energy intelligently. It is the natural next step as we leverage our Gigafactory, indigenous LFP cells, and nationwide network to deliver reliable, affordable energy storage without incremental capital intensity. First Published: Aug 17 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 1:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 10:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Adhesives hit the upper limit of 20% at Rs 335.55 after the company reported strong Q1 FY27 performance. Profit before tax increased 191.42% YoY and 3,150% QoQ to Rs 14.95 crore in Q1 FY27. Total expenditure increased 3.97% YoY and 14.05% QoQ to Rs 62.60 crore. Raw material consumed increased 5.16% YoY to Rs 38.49 crore. Employee expenses increased 13.14% YoY to Rs 6.63 crore. Interest expense increased 46.03% YoY to Rs 2.76 crore. Depreciation increased 66.13% YoY to Rs 4.12 crore. Hindustan Adhesive manufactures and supplies carton sealing tapes and adhesive coated products. First Published: Aug 17 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Molbio Diagnostics were currently trading at Rs 946.25 at 10:07 IST on the BSE, representing a premium of 17.26% as compared with the issue price of Rs 807. The stock debuted at Rs 980, marking a premium of 21.44% to the issue price. So far, the stock has hit a high of Rs 1,002.05 and a low of Rs 925.80. On the BSE, over 6.53 lakh shares of the company were traded in the counter so far. The initial public offer of Molbio Diagnostics was subscribed 70.26 times. The issue opened for bidding on 10 August 2026 and it closed on 12 August 2026. The price band of the IPO is fixed between Rs 768 and 807 per share. The qualified institutional buyers' (QIB) portion was subscribed 186.39 times, while the non-institutional investors' (NII) category was subscribed 49.80 times. The retail individual investors' (RII) segment was subscribed 12.96 times. The IPO comprised a fresh issue of equity shares worth up to Rs 200 crore and an offer for sale of 91,66,000 equity shares aggregating up to Rs 739.7 crore by Exxora Trading LLP, Dr. Chandrasekhar Bhaskaran Nair, India Business Excellence Fund III, Gopalkrishna Mangalore Kini and J. Guru Dutt. The objectives for the fresh issue included Rs 125.12 crore for setting up a Research & Development facility and Centre of Excellence, Rs 80.8 crore for purchasing plant, machinery and other equipment for Goa Unit I, Goa Unit II and Visakhapatnam Unit, and the remaining amount for general corporate purposes. The promoters were Sriram Natarajan, Chandrasekhar Bhaskaran Nair, Sangeetha Sriram, Shiva Sriram, Sowmya Sriram and Exxora Trading LLP. The promoters and promoter group held an aggregate of 5,25,97,450 equity shares, aggregating to 46.65% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding was expected to be around 43.01%. Molbio Diagnostics is a point-of-care diagnostics company focused on rapid, accurate and cost-effective disease detection through its flagship portable PCR-based Truenat platform. The company offers molecular diagnostic solutions across infectious and non-communicable diseases and has expanded into digital imaging, digital pathology and breast health screening through acquisitions, investments and partnerships. As of 31 March 2026, over 12,500 Truenat devices were installed across more than 90 countries, with revenue primarily generated from devices and recurring sales of proprietary Truenat test kits. In FY26, devices, test kits and other products contributed 14.53%, 73.98% and 11.49% of total sales, respectively, while exports accounted for 9.6% of revenue. The company plans to expand its product portfolio, international presence and diagnostic capabilities through new assays, POC platforms, strategic acquisitions, partnerships and the planned Centre of Excellence in Bengaluru. Ahead of the IPO, Molbio Diagnostics, on 07 August 2026, raised Rs 281.45 crore from anchor investors. The board allotted 34.87 lakh shares at Rs 807 each to 33 anchor investors. The firm reported a consolidated net profit of Rs 166.59 crore and sales of Rs 1,445.69 crore for the twelve months ended on 31 March 2026. First Published: Aug 17 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Dhoot Transmission were currently trading at Rs 1,149 at 10:07 IST on the BSE, representing a premium of 31.92% as compared with the issue price of Rs 871. So far, the stock has hit a high of Rs 1,212.70 and a low of Rs 1,139.20. On the BSE, over 15.52 lakh shares of the company were traded in the counter so far. Dhoot Transmission was subscribed 74.21 times. The issue opened for bidding on 10 August 2026 and closed on 12 August 2026. The price band of the IPO is fixed between Rs 829 and 871 per share. The IPO comprised a fresh issue of equity shares worth up to Rs 1,400 crore and an offer for sale of 1,91,37,602 equity shares aggregating up to Rs 1,666.89 crore by existing shareholders BC Asia Investments XV and Mangalam Capital. The objectives of the fresh issue included Rs 464.8 crore for repayment of certain outstanding borrowings, Rs 301.77 crore for investment in certain subsidiaries, namely Dhoot Autocomponents, Dhoot Automotive Systems and Dhoot Transmission UK, Rs 150 crore for setting up a new wiring harness manufacturing plant at Shoolagiri, Hosur, Tamil Nadu, and the remaining amount for acquisitions and general corporate purposes. Ahead of the IPO, Dhoot Transmission on Friday, 07 August 2026, raised Rs 918.26 crore from anchor investors. The board allotted 10.54 lakh shares at Rs 871 each to 72 anchor investors. Dhoot Transmission is an electrical and electronics (E&E) company engaged in the design, engineering, manufacturing, and supply of wiring harnesses and electrical distribution systems for automotive and non-automotive applications. Its diversified product portfolio comprises wiring harnesses, battery packs, sensors and electronic controllers, automotive switches, terminals, connectors, and power supply cords, catering to both internal combustion engines (ICE) and electric vehicle (EV) platforms across various customer segments. Products such as side stand sensors and temperature sensors are currently under development. In FY26, wiring harnesses accounted for 77.08% of total revenue, while other products contributed 22.92%. EV-related products comprised 24.17% of the companys total revenue during the year. The firm reported a consolidated net profit of Rs 396.65 crore and sales of Rs 4,524.96 crore for the twelve months ended on 31 March 2026. First Published: Aug 17 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PhysicsWallah share price rallies 9% as Q1 loss narrows, revenue rises 24% First Published: Aug 17 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aurobindo Pharma declined 1.03% to Rs 1,641 after the company announced that the US Food and Drug Administration (USFDA) has closed its inspection of the Raleigh plant in North Carolina, USA. The company has now received the Establishment Inspection Report (EIR), which classified the facility as Voluntary Action Indicated (VAI). The USFDA has concluded and closed the inspection. With the facility receiving a VAI classification, pending applications for multiple inhalers and other dosage forms manufactured at the facility can now progress through the USFDAs review process. Aurobindo Pharma is engaged in the manufacturing and marketing of active pharmaceutical ingredients (APIs), generic pharmaceuticals, and related services. The company reported a 2% rise in consolidated net profit to Rs 921.26 crore on a 4.4% increase in net sales to Rs 8,751.50 crore in Q4 FY26 over Q4 FY25. First Published: Aug 17 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ipca Labs share price soared 11% in Monday's trade on strong Q1 earnings. First Published: Aug 17 2026 | 10:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dhoot share price lists at 38% premium over IPO price, beats expectations First Published: Aug 17 2026 | 10:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 938.52 crore shares as against 9.44 crore shares on offer. The qualified institutional buyers' (QIB) portion was subscribed 122.80 times, while the non-institutional investors' (NII) category was subscribed 88.99 times. The retail individual investors' (RII) segment was subscribed 46.42 times. The issue opened for bidding on 12 August 2026 and closed on 14 August 2026. The price band of the IPO is fixed between Rs 92 and 97 per share. The IPO comprises an Rs 885.5 crore fresh issue and an Rs 731.98 crore offer for sale (OFS). Investors L R India Fund, Tribe Capital, MCP3 SPV LLC, Moore Strategic Ventures, Agility International Investment LLC, and 500 Startups will offload a part of their stake in the OFS. The company plans to utilize Rs 365.6 crore for expanding its platforms, including Rs 205.8 crore for marketing and Rs 159.8 crore for technology infrastructure and capabilities. Another Rs 210 crore will be towards repaying or prepaying borrowings. The balance will be utilized towards unidentified acquisitions and general corporate purposes. Shiprocket is a new-age merchant-first and AI-driven technology platform that helps MSMEs to operate their e-commerce business efficiently by providing services like logistics, checkout, payments, fulfillment, and cross-border trade, allowing merchants to sell online and offline both efficiently. In FY2026 it served 214,769 active merchants across multiple product categories, which reduced dependence on any single merchant or segment. The business is heavily dependent on third-party partners. Merchant solution costs accounted for 69.39% of total expenses in FY26, while its top 10 vendors contributed 55.24%. Ahead of the IPO, Shiprocket, on 11 August 2026, raised Rs 727.41 crore from anchor investors. The board allotted 7.49 crore shares at Rs 97 each to 50 anchor investors. The firm reported a consolidated net loss of Rs 79.24 crore and sales of Rs 2,024.14 crore for the twelve months ended on 31 March 2026. First Published: Aug 17 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 80.38 crore shares as against 74.12 lakh shares on offer. The qualified institutional buyers' (QIB) portion was subscribed 165.33 times, while the non-institutional investors' (NII) category was subscribed 165.32 times. The retail individual investors' (RII) segment was subscribed 53.27 times. The issue opened for bidding on 12 August 2026 and closed on 14 August 2026. The price band of the IPO is fixed between Rs 271 and 285 per share. The issue comprises an offer for sale of 2,59,31,407 equity shares of face value of Rs 10 each and a fresh issue of equity shares aggregating up to 2,59,31,407 shares. Of the net proceeds from the fresh issue, the company intends to allocate Rs 19.589 crore and Rs 36.650 crore towards the purchase and installation of new equipment, along with civil works for such installation, at Manufacturing Facility 1 and Manufacturing Facility 2, respectively. Further, Rs 3.40 crore each will be utilised towards the purchase and installation of new rooftop solar panels at Manufacturing Facility 1 and Manufacturing Facility 2, respectively. Another Rs 0.57 crore will be utilised towards repayment of borrowings, with the balance earmarked for general corporate purposes. Behari Lal Engineering (BLEL), promoted by Parkash Chand Garg, is an integrated iron and steel manufacturing company specializing in customized engineering solutions. It has a broad product portfolio comprising inter alia alloy steel products, metal rolls, engineering casting and forging ingots and forged shafts/blocks. BLELs precision-engineered products cater to a wide variety of industrial applications, and they cater to a vast array of industries, including automobiles, steel, cement, mining, infrastructure and construction, power, aerospace and defence. In FY26 revenue from operations, about 38.65% is from automobiles, 20.68% from infrastructure, 18.35% from aggregate crusher manufacturers, 16.85% from industrial equipment manufacturers and 5.47% from others that include aerospace, defence, cement and power. Ahead of the IPO, Behari Lal Engineering on 11 August 2026, raised Rs 90.48 crore from anchor investors. The board allotted 31.74 lakh shares at Rs 285 each to 11 anchor investors. The firm reported a consolidated net loss of Rs 64.64 crore and sales of Rs 534.03 crore for the twelve months ended on 31 March 2026. First Published: Aug 17 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Srihari Mulgund brings over 24 years of experience across engineering, product development, and strategy planning within the global automotive sector. Having worked extensively across the USA, Japan, China, and India, he has developed deep cross-cultural expertise and a strong understanding of diverse automotive markets. Prior to joining Hero MotoCorp, he was a Partner at EY-Parthenon, where he led high-impact strategic engagements across EV, battery, ICE, supply value chain and new-age mobility ecosystem. His prior experience also includes key roles at Aisin AW, FEV Inc. and serving as President of Ricardo Strategic Consulting, India. Srihari has authored thought-leadership papers related to battery swapping, software-defined vehicles, alternate battery chemistry, and hydrogen ICE technologies. Combining deep industry knowledge with a strong understanding of technology, market dynamics, and value creation, he will play a pivotal role in shaping and advancing our forward-looking strategic initiatives including our House of Strategy. Srihari holds a Bachelor's degree in Mechanical Engineering from the National Institute of Engineering, Mysore, an MS from the University of Toledo, and an MBA from the University of Michigan, Ann Arbor. First Published: Aug 17 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Balu Forge Industries announced the successful commercialisation, receipt of the first purchase order for this variant from an Indian ammunition player, and flawless execution of the 155 mm Extended Range Full Bore - Base Bleed (ERFB BB) & Extended Range Full Bore - Boat Tail (ERFB BT) shells. The pilot supply will be of 10,000 units after which monthly supplies with mutually agreed quantities will commence. This milestone firmly establishes Balu Forge Industries as one of the first private entities to successfully commercialise this advanced ammunition variant, marking a watershed moment in the indigenisation of critical defence technologies. The successful commercialisation of the ERFB BB/BT shells validate BFIL's state-of-the-art forging and machining capabilities and positions the company at the forefront of the global defence supply chain. First Published: Aug 17 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Q&A with Jignesh Desai, CEO – Institutional Equities at Centrum Broking. First Published: Aug 17 2026 | 9:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 17 2026 | 9:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Surprise IPL revenue growth prompts CLSA to retain 'Outperform' on Sun TV First Published: Aug 17 2026 | 9:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investors may consider Horizon Industrial Park IPO as a potential long-term investment opportunity. First Published: Aug 17 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sun Pharmaceutical Industries and certain of its subsidiaries have been defendants in antitrust litigation in the United States relating to a 2008 patent litigation settlement agreement with Pfizer concerning generic Lipitor (Atorvastatin). Plaintiffs alleged that the settlement unlawfully delayed generic competition for Lipitor and that absent the unlawful settlement, Lipitor would have entered the market earlier than it did. The matter has been disclosed from time to time in the Company's financial statements. The United States Court of Appeals for the Third Circuit has affirmed the order of the United States District Court granting summary judgment in its entirety in favour of the Company and its subsidiaries. The Appellate Court has also affirmed the District Court's orders denying class certification as to the plaintiffs. This decision represents a significant favourable development for the Company and its subsidiaries in the matter, and brings the litigation substantially to a close, subject to any further remedies that may be available to the plaintiffs under applicable law. First Published: Aug 17 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aurobindo Pharma announced that the United States Food and Drug Administration (USFDA) inspected Raleigh Plant, North Carolina, USA, owned by Aurolife Pharma LLC, a wholly owned step-down subsidiary of the company, established for manufacturing Inhalers, Dermatology and Transdermal products, from 24 March 2025 to 10 April 2025. At the end of inspection, form 483 was issued with a total of 11 observations. The Unit has now received Establishment Inspection Report (EIR), classifying the facility as "Voluntary Action Indicated" (VAI). The USFDA has concluded that this inspection is now closed. As this unit is classified as VAI, pending applications for multiple inhalers and other dosage forms filed from this facility can now progress through the USFDA's review process. First Published: Aug 17 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 83.74% to Rs 475.76 crore First Published: Aug 17 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 11.11% to Rs 1.44 crore First Published: Aug 17 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Aug 16 2026 | 6:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold and silver prices are expected to remain positive next week, although elevated volatility is likely to persist amid developments in West Asia and key global economic data, analysts said. Market participants will track US housing and trade data, inflation figures from the UK, Eurozone, and Japan, as well as China's economic indicators for cues on industrial metals. The minutes of the Federal Reserve's FOMC meeting will also be watched for signals on the US Central bank's monetary policy outlook, they added. "The outlook for gold and silver remains positive and are expected to move up towards Rs 1.57 lakh per 10 grams and Rs 2.54 lakh per kg level," Pranav Mer, Senior Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On the domestic front, gold futures for October delivery climbed Rs 2,686, or nearly 2 per cent, last week to close at Rs 1.54 lakh per 10 grams on the Multi Commodity Exchange (MCX). MCX silver for September contract gained Rs 4,458, or 1.9 per cent, to Rs 2.35 lakh per kilogram. "Gold traded higher this week, gaining 1 per cent, while the rally extended more than 2 per cent at the peak before profit-booking emerged at higher levels," said Jateen Trivedi, VP Research Analyst -- Commodity and Currency, LKP Securities. MCX gold has gained nearly 9.5 per cent in August, making consolidation and intermittent profit-booking at higher levels more likely in the near term, he said. In the international markets, Comex gold futures for December delivery rose $37.6, or nearly 1 per cent, last week to $4,437.3 per ounce. Silver went up $1.61, or 2.5 per cent, to $65.11 an ounce in New York. Gold futures closed higher for the second consecutive week but remained consolidative after an 11 per cent rally from below $4,000 per ounce, Mer said. Bullion prices found support as traders reduced bets on a September rate hike by the US Fed following weaker than expected non-farm payroll data and steady inflation, while other economic indicators remained mixed, he said. Safe-haven demand also supported gold amid the West Asia conflict and the US-Iran tensions over the Strait of Hormuz, with no resolution to the conflict in sight, Mer added. Silver also maintained a positive bias, though prices consolidated as the recent rally in industrial metals paused. According to Trivedi, the US dollar, interest-rate expectations and geopolitical developments will remain the key drivers for bullion prices. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 5:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India vs China First Published: Aug 16 2026 | 3:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The proposed fundraise may happen this financial year depending on market conditions Public sector lender Punjab & Sind Bank is exploring raising funds through various means, including the QIP route to dilute the government's stake to meet Sebi's minimum public shareholding (MPS) norms. As per the Securities and Exchange Board of India (Sebi), all listed companies must maintain an MPS of 25 per cent. "We have got board approval for fundraise through qualified institutional placement (QIP) and others means as part of effort to bring down the government holding in a phased manner," Punjab & Sind Bank MD and CEO Swarup Kumar Saha told PTI in an interview. Besides, he said, the bank has on boarded merchant bankers and legal advisors for the same. The proposed fundraise may happen this financial year depending on market conditions, he added. Currently, the government holds a 93.85 per cent stake in Delhi-headquartered Punjab & Sind Bank. This is the highest stake of the Government of India in any public sector bank. Three other banks have a minimum public shareholding of less than 25 per cent -- Chennai-based Indian Overseas Bank where government holding is 92.44 per cent followed by Kolkata-based UCO Bank at 90.95 per cent, and Mumbai-based Central Bank of India at 81.19 per cent. Even the special dispensation deadline given by the government for meeting minimum public shareholding norms for central public sector enterprises and public sector financial institutions is ending in 2026. It would most likely be extended by another two years as government entities would not be able to meet the MPS norms during this month. In a bid to establish an international banking business presence, Punjab & Sind Bank is planning to operationalise an IFSC Banking Unit (IBU) at GIFT City in Gandhinagar by November this year. The bank has received regulatory approvals from both the Reserve Bank of India and the International Financial Services Centres Authority (IFSCA) to set up an IBU, Saha said. "The IBU is going to act as a foreign branch, and this will provide a lot of scope for expanding business in terms of mobilisation of Foreign Currency Non-Resident (Bank) and External Commercial Borrowings. This branch will help expand our balance sheet size and we also intend to bring in foreign exchange business," he said. The public sector lender has already put the staff in place and an IT vendor has also been selected, he said, adding, "IT integration has also started. So, we intend to operationalise IBU by November. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 2:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MSMEs account for about 35.4 per cent of the country's manufacturing, around 48.58 per cent of exports, and 31.1 per cent of GDP Prime Minister Narendra Modi's call to MSMEs to fully leverage India's growing network of free trade agreements (FTAs) is timely, as these pacts offer small businesses an opportunity to access larger global markets, integrate with global value chains and improve their competitiveness, exporters say. They also said that with preferential market access now available across several major economies, the real opportunity lies in converting these agreements into export orders. Prime Minister Narendra Modi, on Saturday, said India has finalised FTAs with about 40 countries since 2014, presenting a tremendous opportunity for the country's MSMEs, and urged small enterprises to tap these opportunities and not let the chance slip away. Addressing the country on the 80th Independence Day, he said there is a need to expand the global reach of Indian products and ensure that goods such as textiles, machinery and medicines find their way into international markets. Welcoming the government's move on FTAs, former chairman of the Council for Leather Exports (CLE) Aqeel Panaruna said that with progressive trade pacts and foreign trade policy opening new opportunities, India is firmly positioned for sustained growth and prosperity. "We remain committed to strengthening Indian manufacturing, generating large-scale employment and contributing meaningfully to the vision of Viksit Bharat by 2047," Panaruna said. He said that the prime minister's emphasis on self-reliance, innovation, youth empowerment, employment generation and global competitiveness has further strengthened the collective resolve of the industry. Sharing similar views, Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said the prime minister's call to MSMEs to fully leverage India's growing network of FTAs is both timely and significant. "FTAs are not merely about tariff concessions; they provide MSMEs a gateway to integrate with global value chains, access larger markets and enhance their competitiveness. With preferential market access now available across several major economies, the real opportunity lies in converting these agreements into export orders," Sahai said. FIEO will continue to work closely with MSMEs to build awareness on rules of origin, standards and market opportunities so that even smaller enterprises can confidently take Indian products and brands to global markets. MSMEs account for about 35.4 per cent of the country's manufacturing, around 48.58 per cent of exports, and 31.1 per cent of GDP. With over 7.47 crore enterprises employing over 32.82 crore persons, the sector holds its position as the second-largest employer after agriculture. Globally, MSMEs make up about 90 per cent of businesses and are responsible for over 50 per cent of the total global employment. India has recently implemented such pacts with the UAE, Mauritius, Australia, the UK, the EFTA bloc, and Oman. Trade pacts with the 27-nation European Union (EU) and New Zealand have also been finalised. In such pacts, two trading partners significantly reduce and eliminate import duties on the maximum number of goods traded between them. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 1:47 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The combined market valuation of five of the top-10 most valued firms eroded by Rs 1 trillion last week, with IT bellwether TCS taking the biggest hit, amid a bearish trend in domestic equities. Last week, the BSE benchmark Sensex declined 489.92 points, or 0.62 per cent, and the NSE Nifty dipped 204.65 points, or 0.83 per cent. "Markets ended the week lower as elevated crude oil prices, renewed geopolitical uncertainty and mixed global cues weighed on investor sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India and Tata Consultancy Services (TCS) faced erosion from their valuation, Bharti Airtel, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC) and Hindustan Unilever were the winners from the top-10 pack. These five firms together added Rs 55,149.45 crore in market valuation. The market valuation of TCS eroded by Rs 34,263.28 crore to Rs 8,53,506.85 crore. Reliance Industries' valuation declined by Rs 31,869.13 crore to Rs 17,70,056.06 crore, and that of State Bank of India dropped by Rs 25,891.88 crore to Rs 9,85,829.96 crore. The market capitalisation (mcap) of HDFC Bank edged lower by Rs 7,165.37 crore to Rs 11,20,802.10 crore, and that of ICICI Bank diminished by Rs 2,792.65 crore to Rs 10,17,577.98 crore. However, the valuation of LIC jumped Rs 26,438.49 crore to Rs 5,23,330.31 crore. The mcap of Bharti Airtel surged Rs 20,592.13 crore to Rs 12,43,016.11 crore, and that of Bajaj Finance climbed Rs 3,548.79 crore to Rs 6,77,197.34 crore. Larsen & Toubro added Rs 2,490.66 crore, taking its valuation to Rs 5,58,973.11 crore. The mcap of Hindustan Unilever went up by Rs 2,079.38 crore to Rs 4,90,888.35 crore. Reliance Industries remained the most valued domestic firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The combined market valuation of five of the top-10 most valued firms eroded by Rs 1 trillion last week, with IT bellwether TCS taking the biggest hit, amid a bearish trend in domestic equities. Last week, the BSE benchmark Sensex declined 489.92 points, or 0.62 per cent, and the NSE Nifty dipped 204.65 points, or 0.83 per cent. "Markets ended the week lower as elevated crude oil prices, renewed geopolitical uncertainty and mixed global cues weighed on investor sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India and Tata Consultancy Services (TCS) faced erosion from their valuation, Bharti Airtel, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC) and Hindustan Unilever were the winners from the top-10 pack. These five firms together added Rs 55,149.45 crore in market valuation. The market valuation of TCS eroded by Rs 34,263.28 crore to Rs 8,53,506.85 crore. Reliance Industries' valuation declined by Rs 31,869.13 crore to Rs 17,70,056.06 crore, and that of State Bank of India dropped by Rs 25,891.88 crore to Rs 9,85,829.96 crore. The market capitalisation (mcap) of HDFC Bank edged lower by Rs 7,165.37 crore to Rs 11,20,802.10 crore, and that of ICICI Bank diminished by Rs 2,792.65 crore to Rs 10,17,577.98 crore. However, the valuation of LIC jumped Rs 26,438.49 crore to Rs 5,23,330.31 crore. The mcap of Bharti Airtel surged Rs 20,592.13 crore to Rs 12,43,016.11 crore, and that of Bajaj Finance climbed Rs 3,548.79 crore to Rs 6,77,197.34 crore. Larsen & Toubro added Rs 2,490.66 crore, taking its valuation to Rs 5,58,973.11 crore. The mcap of Hindustan Unilever went up by Rs 2,079.38 crore to Rs 4,90,888.35 crore. Reliance Industries remained the most valued domestic firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The combined market valuation of five of the top-10 most valued firms eroded by Rs 1 trillion last week, with IT bellwether TCS taking the biggest hit, amid a bearish trend in domestic equities. Last week, the BSE benchmark Sensex declined 489.92 points, or 0.62 per cent, and the NSE Nifty dipped 204.65 points, or 0.83 per cent. "Markets ended the week lower as elevated crude oil prices, renewed geopolitical uncertainty and mixed global cues weighed on investor sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India and Tata Consultancy Services (TCS) faced erosion from their valuation, Bharti Airtel, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC) and Hindustan Unilever were the winners from the top-10 pack. These five firms together added Rs 55,149.45 crore in market valuation. The market valuation of TCS eroded by Rs 34,263.28 crore to Rs 8,53,506.85 crore. Reliance Industries' valuation declined by Rs 31,869.13 crore to Rs 17,70,056.06 crore, and that of State Bank of India dropped by Rs 25,891.88 crore to Rs 9,85,829.96 crore. The market capitalisation (mcap) of HDFC Bank edged lower by Rs 7,165.37 crore to Rs 11,20,802.10 crore, and that of ICICI Bank diminished by Rs 2,792.65 crore to Rs 10,17,577.98 crore. However, the valuation of LIC jumped Rs 26,438.49 crore to Rs 5,23,330.31 crore. The mcap of Bharti Airtel surged Rs 20,592.13 crore to Rs 12,43,016.11 crore, and that of Bajaj Finance climbed Rs 3,548.79 crore to Rs 6,77,197.34 crore. Larsen & Toubro added Rs 2,490.66 crore, taking its valuation to Rs 5,58,973.11 crore. The mcap of Hindustan Unilever went up by Rs 2,079.38 crore to Rs 4,90,888.35 crore. Reliance Industries remained the most valued domestic firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The combined market valuation of five of the top-10 most valued firms eroded by Rs 1 trillion last week, with IT bellwether TCS taking the biggest hit, amid a bearish trend in domestic equities. Last week, the BSE benchmark Sensex declined 489.92 points, or 0.62 per cent, and the NSE Nifty dipped 204.65 points, or 0.83 per cent. "Markets ended the week lower as elevated crude oil prices, renewed geopolitical uncertainty and mixed global cues weighed on investor sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India and Tata Consultancy Services (TCS) faced erosion from their valuation, Bharti Airtel, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC) and Hindustan Unilever were the winners from the top-10 pack. These five firms together added Rs 55,149.45 crore in market valuation. The market valuation of TCS eroded by Rs 34,263.28 crore to Rs 8,53,506.85 crore. Reliance Industries' valuation declined by Rs 31,869.13 crore to Rs 17,70,056.06 crore, and that of State Bank of India dropped by Rs 25,891.88 crore to Rs 9,85,829.96 crore. The market capitalisation (mcap) of HDFC Bank edged lower by Rs 7,165.37 crore to Rs 11,20,802.10 crore, and that of ICICI Bank diminished by Rs 2,792.65 crore to Rs 10,17,577.98 crore. However, the valuation of LIC jumped Rs 26,438.49 crore to Rs 5,23,330.31 crore. The mcap of Bharti Airtel surged Rs 20,592.13 crore to Rs 12,43,016.11 crore, and that of Bajaj Finance climbed Rs 3,548.79 crore to Rs 6,77,197.34 crore. Larsen & Toubro added Rs 2,490.66 crore, taking its valuation to Rs 5,58,973.11 crore. The mcap of Hindustan Unilever went up by Rs 2,079.38 crore to Rs 4,90,888.35 crore. Reliance Industries remained the most valued domestic firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The combined market valuation of five of the top-10 most valued firms eroded by Rs 1 trillion last week, with IT bellwether TCS taking the biggest hit, amid a bearish trend in domestic equities. Last week, the BSE benchmark Sensex declined 489.92 points, or 0.62 per cent, and the NSE Nifty dipped 204.65 points, or 0.83 per cent. "Markets ended the week lower as elevated crude oil prices, renewed geopolitical uncertainty and mixed global cues weighed on investor sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India and Tata Consultancy Services (TCS) faced erosion from their valuation, Bharti Airtel, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC) and Hindustan Unilever were the winners from the top-10 pack. These five firms together added Rs 55,149.45 crore in market valuation. The market valuation of TCS eroded by Rs 34,263.28 crore to Rs 8,53,506.85 crore. Reliance Industries' valuation declined by Rs 31,869.13 crore to Rs 17,70,056.06 crore, and that of State Bank of India dropped by Rs 25,891.88 crore to Rs 9,85,829.96 crore. The market capitalisation (mcap) of HDFC Bank edged lower by Rs 7,165.37 crore to Rs 11,20,802.10 crore, and that of ICICI Bank diminished by Rs 2,792.65 crore to Rs 10,17,577.98 crore. However, the valuation of LIC jumped Rs 26,438.49 crore to Rs 5,23,330.31 crore. The mcap of Bharti Airtel surged Rs 20,592.13 crore to Rs 12,43,016.11 crore, and that of Bajaj Finance climbed Rs 3,548.79 crore to Rs 6,77,197.34 crore. Larsen & Toubro added Rs 2,490.66 crore, taking its valuation to Rs 5,58,973.11 crore. The mcap of Hindustan Unilever went up by Rs 2,079.38 crore to Rs 4,90,888.35 crore. Reliance Industries remained the most valued domestic firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The combined market valuation of five of the top-10 most valued firms eroded by Rs 1 trillion last week, with IT bellwether TCS taking the biggest hit, amid a bearish trend in domestic equities. Last week, the BSE benchmark Sensex declined 489.92 points, or 0.62 per cent, and the NSE Nifty dipped 204.65 points, or 0.83 per cent. "Markets ended the week lower as elevated crude oil prices, renewed geopolitical uncertainty and mixed global cues weighed on investor sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India and Tata Consultancy Services (TCS) faced erosion from their valuation, Bharti Airtel, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC) and Hindustan Unilever were the winners from the top-10 pack. These five firms together added Rs 55,149.45 crore in market valuation. The market valuation of TCS eroded by Rs 34,263.28 crore to Rs 8,53,506.85 crore. Reliance Industries' valuation declined by Rs 31,869.13 crore to Rs 17,70,056.06 crore, and that of State Bank of India dropped by Rs 25,891.88 crore to Rs 9,85,829.96 crore. The market capitalisation (mcap) of HDFC Bank edged lower by Rs 7,165.37 crore to Rs 11,20,802.10 crore, and that of ICICI Bank diminished by Rs 2,792.65 crore to Rs 10,17,577.98 crore. However, the valuation of LIC jumped Rs 26,438.49 crore to Rs 5,23,330.31 crore. The mcap of Bharti Airtel surged Rs 20,592.13 crore to Rs 12,43,016.11 crore, and that of Bajaj Finance climbed Rs 3,548.79 crore to Rs 6,77,197.34 crore. Larsen & Toubro added Rs 2,490.66 crore, taking its valuation to Rs 5,58,973.11 crore. The mcap of Hindustan Unilever went up by Rs 2,079.38 crore to Rs 4,90,888.35 crore. Reliance Industries remained the most valued domestic firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The combined market valuation of five of the top-10 most valued firms eroded by Rs 1 trillion last week, with IT bellwether TCS taking the biggest hit, amid a bearish trend in domestic equities. Last week, the BSE benchmark Sensex declined 489.92 points, or 0.62 per cent, and the NSE Nifty dipped 204.65 points, or 0.83 per cent. "Markets ended the week lower as elevated crude oil prices, renewed geopolitical uncertainty and mixed global cues weighed on investor sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India and Tata Consultancy Services (TCS) faced erosion from their valuation, Bharti Airtel, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC) and Hindustan Unilever were the winners from the top-10 pack. These five firms together added Rs 55,149.45 crore in market valuation. The market valuation of TCS eroded by Rs 34,263.28 crore to Rs 8,53,506.85 crore. Reliance Industries' valuation declined by Rs 31,869.13 crore to Rs 17,70,056.06 crore, and that of State Bank of India dropped by Rs 25,891.88 crore to Rs 9,85,829.96 crore. The market capitalisation (mcap) of HDFC Bank edged lower by Rs 7,165.37 crore to Rs 11,20,802.10 crore, and that of ICICI Bank diminished by Rs 2,792.65 crore to Rs 10,17,577.98 crore. However, the valuation of LIC jumped Rs 26,438.49 crore to Rs 5,23,330.31 crore. The mcap of Bharti Airtel surged Rs 20,592.13 crore to Rs 12,43,016.11 crore, and that of Bajaj Finance climbed Rs 3,548.79 crore to Rs 6,77,197.34 crore. Larsen & Toubro added Rs 2,490.66 crore, taking its valuation to Rs 5,58,973.11 crore. The mcap of Hindustan Unilever went up by Rs 2,079.38 crore to Rs 4,90,888.35 crore. Reliance Industries remained the most valued domestic firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 16 2026 | 11:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Japanese mobility solutions and financial services provider ORIX Corporation has identified India as one of its two focus growth markets globally, bullish on the prospects of vehicle leasing and rentals in the country 'taking off' going forward, according to its President and Group CEO Hidetake Takahashi. The company believes that it can increase the size of its fleet in India to around 1 lakh to 1.5 lakh vehicles in the short to medium term from the current 50,000. India's growing economy, rising inflows of FDI, more multinational companies entering the Indian market and increasing number of domestic entrepreneurs all augur well for the growth of ORIX Corporation's businesses, specially vehicle leasing and rentals, Takahashi told PTI in an interview. "Outside of Japan, Australia and India are the markets that will be a focus for ORIX," he said when asked about the company's key growth markets for the future. Japan is currently the biggest market for ORIX with about 5 lakh vehicles, while that of Australia is around 80,000 and India at about 50,000, Takahashi noted. While the penetration of automobile leasing in India is about 3 per cent of the overall vehicle sales, he said, with the changing technology of mobility, the way of ownership of mobility will also change going forward. "We can follow not only leasing but also rent a car or car share or any other way to use a car rather than own the car," he said. "We should be patient, and I believe that there will be a sort of 'J curve' to penetrate leasing or rent-a-car at a certain point...India is at about the "taking off" stage," Takahashi said, adding that it was similar to what Japan had experienced about 30 years ago when companies and individuals preferred to own the car rather than lease a car. Explaining the rationale behind the company's bullish outlook on India, he said, "The Indian market is evolving, progressing a lot and changing a lot. Many Indian entrepreneurs are starting up new businesses, and they grow the business a lot faster than other markets." India is not only a growing market in terms of population and economy, but it is also driven by entrepreneurship, he noted. Besides, he said many multinational companies are also entering the Indian market, providing one of the many "reasons that we focus on this market", Takahashi said. With the company owning the vehicles, he said, if ORIX could double or triple its fleet size to 1 lakh or 1.5 lakh, it could "have more buying power" while dealing with vehicle manufacturers. When asked when the company can reach such a size of its fleet in India, ORIX Corporation India Ltd Managing Director and CEO Vivek Wadhera said while it is difficult to put an exact timeline, "in the short to medium term, we should be able to be there". The size of the automobile market is increasing, and the share of leasing in that market is growing, he added. Stating that India is "at that point of inflection" where growth of vehicle leasing and renting will accelerate, Wadhera said, as the percentage of Gen Z, who prefer experiences over ownership, goes into the workforce, there will also be a mindset shift, which will help the vehicle leasing companies. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 11:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign investors continued their buying spree in Indian equities, investing Rs 16,621 crore in the first fortnight of August, as improving relative valuations, resilient corporate earnings and expectations of softer US interest rates boosted sentiment. The inflow follows a Rs 20,200-crore investment in July, marking a sharp turnaround after four consecutive months of heavy selling by Foreign Portfolio Investors (FPIs). FPIs had withdrawn Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17 trillion in March. Prior to this selling streak, they had invested Rs 22,615 crore in February, according to CDSL data. Despite the recent buying, foreign investors have remained net sellers in Indian equities in 2026, withdrawing around Rs 2.4 trillion so far, already exceeding the Rs 1.66 trillion outflow recorded during the entire 2025. Market experts attributed the recent reversal to a combination of factors, including attractive valuations relative to other markets, steady corporate earnings, expectations of US rate cuts, softer crude prices and lower currency volatility. "The key drivers are improving relative valuations, resilient corporate earnings, expectations of softer US rates, lower currency volatility and some diversification away from crowded Korea-Taiwan AI trades. AI became a magnet of all capital across the world," said Manish Bhandari, CEO and Portfolio Manager, Vallum Capital. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the August inflows suggest that the earlier selling was more a function of global macro factors than concerns over India. "Expectations of US rate cuts, softer crude and a rupee that has stopped misbehaving have removed the three reasons foreign investors had to stay away," Gupte said. According to him, FPI buying is also becoming more selective, with investors showing greater interest in sectors linked to domestic consumption. "Consumer durables and healthcare are attracting interest. Foreign investors are underwriting the Indian household, not the Indian invoice," he said. July's sectoral data showed strong buying in Consumer Services, Healthcare, Consumer Durables, Metals & Mining and IT, although several other sectors witnessed net selling. Further FPI flows, however, are likely to remain sensitive to global cues, particularly US Treasury yields, the dollar index, crude oil prices and corporate earnings upgrades. In the coming week, investors will closely track crude oil prices and developments around the ongoing US-Iran geopolitical tensions, said Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking. Foreign investor interest has also extended to the debt market. FPIs invested Rs 972 crore in debt through the Fully Accessible Route (FAR) and another Rs 69 crore through the general route during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign investors continued their buying spree in Indian equities, investing Rs 16,621 crore in the first fortnight of August, as improving relative valuations, resilient corporate earnings and expectations of softer US interest rates boosted sentiment. The inflow follows a Rs 20,200-crore investment in July, marking a sharp turnaround after four consecutive months of heavy selling by Foreign Portfolio Investors (FPIs). FPIs had withdrawn Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17 trillion in March. Prior to this selling streak, they had invested Rs 22,615 crore in February, according to CDSL data. Despite the recent buying, foreign investors have remained net sellers in Indian equities in 2026, withdrawing around Rs 2.4 trillion so far, already exceeding the Rs 1.66 trillion outflow recorded during the entire 2025. Market experts attributed the recent reversal to a combination of factors, including attractive valuations relative to other markets, steady corporate earnings, expectations of US rate cuts, softer crude prices and lower currency volatility. "The key drivers are improving relative valuations, resilient corporate earnings, expectations of softer US rates, lower currency volatility and some diversification away from crowded Korea-Taiwan AI trades. AI became a magnet of all capital across the world," said Manish Bhandari, CEO and Portfolio Manager, Vallum Capital. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the August inflows suggest that the earlier selling was more a function of global macro factors than concerns over India. "Expectations of US rate cuts, softer crude and a rupee that has stopped misbehaving have removed the three reasons foreign investors had to stay away," Gupte said. According to him, FPI buying is also becoming more selective, with investors showing greater interest in sectors linked to domestic consumption. "Consumer durables and healthcare are attracting interest. Foreign investors are underwriting the Indian household, not the Indian invoice," he said. July's sectoral data showed strong buying in Consumer Services, Healthcare, Consumer Durables, Metals & Mining and IT, although several other sectors witnessed net selling. Further FPI flows, however, are likely to remain sensitive to global cues, particularly US Treasury yields, the dollar index, crude oil prices and corporate earnings upgrades. In the coming week, investors will closely track crude oil prices and developments around the ongoing US-Iran geopolitical tensions, said Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking. Foreign investor interest has also extended to the debt market. FPIs invested Rs 972 crore in debt through the Fully Accessible Route (FAR) and another Rs 69 crore through the general route during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign investors continued their buying spree in Indian equities, investing Rs 16,621 crore in the first fortnight of August, as improving relative valuations, resilient corporate earnings and expectations of softer US interest rates boosted sentiment. The inflow follows a Rs 20,200-crore investment in July, marking a sharp turnaround after four consecutive months of heavy selling by Foreign Portfolio Investors (FPIs). FPIs had withdrawn Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17 trillion in March. Prior to this selling streak, they had invested Rs 22,615 crore in February, according to CDSL data. Despite the recent buying, foreign investors have remained net sellers in Indian equities in 2026, withdrawing around Rs 2.4 trillion so far, already exceeding the Rs 1.66 trillion outflow recorded during the entire 2025. Market experts attributed the recent reversal to a combination of factors, including attractive valuations relative to other markets, steady corporate earnings, expectations of US rate cuts, softer crude prices and lower currency volatility. "The key drivers are improving relative valuations, resilient corporate earnings, expectations of softer US rates, lower currency volatility and some diversification away from crowded Korea-Taiwan AI trades. AI became a magnet of all capital across the world," said Manish Bhandari, CEO and Portfolio Manager, Vallum Capital. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the August inflows suggest that the earlier selling was more a function of global macro factors than concerns over India. "Expectations of US rate cuts, softer crude and a rupee that has stopped misbehaving have removed the three reasons foreign investors had to stay away," Gupte said. According to him, FPI buying is also becoming more selective, with investors showing greater interest in sectors linked to domestic consumption. "Consumer durables and healthcare are attracting interest. Foreign investors are underwriting the Indian household, not the Indian invoice," he said. July's sectoral data showed strong buying in Consumer Services, Healthcare, Consumer Durables, Metals & Mining and IT, although several other sectors witnessed net selling. Further FPI flows, however, are likely to remain sensitive to global cues, particularly US Treasury yields, the dollar index, crude oil prices and corporate earnings upgrades. In the coming week, investors will closely track crude oil prices and developments around the ongoing US-Iran geopolitical tensions, said Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking. Foreign investor interest has also extended to the debt market. FPIs invested Rs 972 crore in debt through the Fully Accessible Route (FAR) and another Rs 69 crore through the general route during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign investors continued their buying spree in Indian equities, investing Rs 16,621 crore in the first fortnight of August, as improving relative valuations, resilient corporate earnings and expectations of softer US interest rates boosted sentiment. The inflow follows a Rs 20,200-crore investment in July, marking a sharp turnaround after four consecutive months of heavy selling by Foreign Portfolio Investors (FPIs). FPIs had withdrawn Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17 trillion in March. Prior to this selling streak, they had invested Rs 22,615 crore in February, according to CDSL data. Despite the recent buying, foreign investors have remained net sellers in Indian equities in 2026, withdrawing around Rs 2.4 trillion so far, already exceeding the Rs 1.66 trillion outflow recorded during the entire 2025. Market experts attributed the recent reversal to a combination of factors, including attractive valuations relative to other markets, steady corporate earnings, expectations of US rate cuts, softer crude prices and lower currency volatility. "The key drivers are improving relative valuations, resilient corporate earnings, expectations of softer US rates, lower currency volatility and some diversification away from crowded Korea-Taiwan AI trades. AI became a magnet of all capital across the world," said Manish Bhandari, CEO and Portfolio Manager, Vallum Capital. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the August inflows suggest that the earlier selling was more a function of global macro factors than concerns over India. "Expectations of US rate cuts, softer crude and a rupee that has stopped misbehaving have removed the three reasons foreign investors had to stay away," Gupte said. According to him, FPI buying is also becoming more selective, with investors showing greater interest in sectors linked to domestic consumption. "Consumer durables and healthcare are attracting interest. Foreign investors are underwriting the Indian household, not the Indian invoice," he said. July's sectoral data showed strong buying in Consumer Services, Healthcare, Consumer Durables, Metals & Mining and IT, although several other sectors witnessed net selling. Further FPI flows, however, are likely to remain sensitive to global cues, particularly US Treasury yields, the dollar index, crude oil prices and corporate earnings upgrades. In the coming week, investors will closely track crude oil prices and developments around the ongoing US-Iran geopolitical tensions, said Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking. Foreign investor interest has also extended to the debt market. FPIs invested Rs 972 crore in debt through the Fully Accessible Route (FAR) and another Rs 69 crore through the general route during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign investors continued their buying spree in Indian equities, investing Rs 16,621 crore in the first fortnight of August, as improving relative valuations, resilient corporate earnings and expectations of softer US interest rates boosted sentiment. The inflow follows a Rs 20,200-crore investment in July, marking a sharp turnaround after four consecutive months of heavy selling by Foreign Portfolio Investors (FPIs). FPIs had withdrawn Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17 trillion in March. Prior to this selling streak, they had invested Rs 22,615 crore in February, according to CDSL data. Despite the recent buying, foreign investors have remained net sellers in Indian equities in 2026, withdrawing around Rs 2.4 trillion so far, already exceeding the Rs 1.66 trillion outflow recorded during the entire 2025. Market experts attributed the recent reversal to a combination of factors, including attractive valuations relative to other markets, steady corporate earnings, expectations of US rate cuts, softer crude prices and lower currency volatility. "The key drivers are improving relative valuations, resilient corporate earnings, expectations of softer US rates, lower currency volatility and some diversification away from crowded Korea-Taiwan AI trades. AI became a magnet of all capital across the world," said Manish Bhandari, CEO and Portfolio Manager, Vallum Capital. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the August inflows suggest that the earlier selling was more a function of global macro factors than concerns over India. "Expectations of US rate cuts, softer crude and a rupee that has stopped misbehaving have removed the three reasons foreign investors had to stay away," Gupte said. According to him, FPI buying is also becoming more selective, with investors showing greater interest in sectors linked to domestic consumption. "Consumer durables and healthcare are attracting interest. Foreign investors are underwriting the Indian household, not the Indian invoice," he said. July's sectoral data showed strong buying in Consumer Services, Healthcare, Consumer Durables, Metals & Mining and IT, although several other sectors witnessed net selling. Further FPI flows, however, are likely to remain sensitive to global cues, particularly US Treasury yields, the dollar index, crude oil prices and corporate earnings upgrades. In the coming week, investors will closely track crude oil prices and developments around the ongoing US-Iran geopolitical tensions, said Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking. Foreign investor interest has also extended to the debt market. FPIs invested Rs 972 crore in debt through the Fully Accessible Route (FAR) and another Rs 69 crore through the general route during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign investors continued their buying spree in Indian equities, investing Rs 16,621 crore in the first fortnight of August, as improving relative valuations, resilient corporate earnings and expectations of softer US interest rates boosted sentiment. The inflow follows a Rs 20,200-crore investment in July, marking a sharp turnaround after four consecutive months of heavy selling by Foreign Portfolio Investors (FPIs). FPIs had withdrawn Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17 trillion in March. Prior to this selling streak, they had invested Rs 22,615 crore in February, according to CDSL data. Despite the recent buying, foreign investors have remained net sellers in Indian equities in 2026, withdrawing around Rs 2.4 trillion so far, already exceeding the Rs 1.66 trillion outflow recorded during the entire 2025. Market experts attributed the recent reversal to a combination of factors, including attractive valuations relative to other markets, steady corporate earnings, expectations of US rate cuts, softer crude prices and lower currency volatility. "The key drivers are improving relative valuations, resilient corporate earnings, expectations of softer US rates, lower currency volatility and some diversification away from crowded Korea-Taiwan AI trades. AI became a magnet of all capital across the world," said Manish Bhandari, CEO and Portfolio Manager, Vallum Capital. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the August inflows suggest that the earlier selling was more a function of global macro factors than concerns over India. "Expectations of US rate cuts, softer crude and a rupee that has stopped misbehaving have removed the three reasons foreign investors had to stay away," Gupte said. According to him, FPI buying is also becoming more selective, with investors showing greater interest in sectors linked to domestic consumption. "Consumer durables and healthcare are attracting interest. Foreign investors are underwriting the Indian household, not the Indian invoice," he said. July's sectoral data showed strong buying in Consumer Services, Healthcare, Consumer Durables, Metals & Mining and IT, although several other sectors witnessed net selling. Further FPI flows, however, are likely to remain sensitive to global cues, particularly US Treasury yields, the dollar index, crude oil prices and corporate earnings upgrades. In the coming week, investors will closely track crude oil prices and developments around the ongoing US-Iran geopolitical tensions, said Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking. Foreign investor interest has also extended to the debt market. FPIs invested Rs 972 crore in debt through the Fully Accessible Route (FAR) and another Rs 69 crore through the general route during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign investors continued their buying spree in Indian equities, investing Rs 16,621 crore in the first fortnight of August, as improving relative valuations, resilient corporate earnings and expectations of softer US interest rates boosted sentiment. The inflow follows a Rs 20,200-crore investment in July, marking a sharp turnaround after four consecutive months of heavy selling by Foreign Portfolio Investors (FPIs). FPIs had withdrawn Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17 trillion in March. Prior to this selling streak, they had invested Rs 22,615 crore in February, according to CDSL data. Despite the recent buying, foreign investors have remained net sellers in Indian equities in 2026, withdrawing around Rs 2.4 trillion so far, already exceeding the Rs 1.66 trillion outflow recorded during the entire 2025. Market experts attributed the recent reversal to a combination of factors, including attractive valuations relative to other markets, steady corporate earnings, expectations of US rate cuts, softer crude prices and lower currency volatility. "The key drivers are improving relative valuations, resilient corporate earnings, expectations of softer US rates, lower currency volatility and some diversification away from crowded Korea-Taiwan AI trades. AI became a magnet of all capital across the world," said Manish Bhandari, CEO and Portfolio Manager, Vallum Capital. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the August inflows suggest that the earlier selling was more a function of global macro factors than concerns over India. "Expectations of US rate cuts, softer crude and a rupee that has stopped misbehaving have removed the three reasons foreign investors had to stay away," Gupte said. According to him, FPI buying is also becoming more selective, with investors showing greater interest in sectors linked to domestic consumption. "Consumer durables and healthcare are attracting interest. Foreign investors are underwriting the Indian household, not the Indian invoice," he said. July's sectoral data showed strong buying in Consumer Services, Healthcare, Consumer Durables, Metals & Mining and IT, although several other sectors witnessed net selling. Further FPI flows, however, are likely to remain sensitive to global cues, particularly US Treasury yields, the dollar index, crude oil prices and corporate earnings upgrades. In the coming week, investors will closely track crude oil prices and developments around the ongoing US-Iran geopolitical tensions, said Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking. Foreign investor interest has also extended to the debt market. FPIs invested Rs 972 crore in debt through the Fully Accessible Route (FAR) and another Rs 69 crore through the general route during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign investors continued their buying spree in Indian equities, investing Rs 16,621 crore in the first fortnight of August, as improving relative valuations, resilient corporate earnings and expectations of softer US interest rates boosted sentiment. The inflow follows a Rs 20,200-crore investment in July, marking a sharp turnaround after four consecutive months of heavy selling by Foreign Portfolio Investors (FPIs). FPIs had withdrawn Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17 trillion in March. Prior to this selling streak, they had invested Rs 22,615 crore in February, according to CDSL data. Despite the recent buying, foreign investors have remained net sellers in Indian equities in 2026, withdrawing around Rs 2.4 trillion so far, already exceeding the Rs 1.66 trillion outflow recorded during the entire 2025. Market experts attributed the recent reversal to a combination of factors, including attractive valuations relative to other markets, steady corporate earnings, expectations of US rate cuts, softer crude prices and lower currency volatility. "The key drivers are improving relative valuations, resilient corporate earnings, expectations of softer US rates, lower currency volatility and some diversification away from crowded Korea-Taiwan AI trades. AI became a magnet of all capital across the world," said Manish Bhandari, CEO and Portfolio Manager, Vallum Capital. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the August inflows suggest that the earlier selling was more a function of global macro factors than concerns over India. "Expectations of US rate cuts, softer crude and a rupee that has stopped misbehaving have removed the three reasons foreign investors had to stay away," Gupte said. According to him, FPI buying is also becoming more selective, with investors showing greater interest in sectors linked to domestic consumption. "Consumer durables and healthcare are attracting interest. Foreign investors are underwriting the Indian household, not the Indian invoice," he said. July's sectoral data showed strong buying in Consumer Services, Healthcare, Consumer Durables, Metals & Mining and IT, although several other sectors witnessed net selling. Further FPI flows, however, are likely to remain sensitive to global cues, particularly US Treasury yields, the dollar index, crude oil prices and corporate earnings upgrades. In the coming week, investors will closely track crude oil prices and developments around the ongoing US-Iran geopolitical tensions, said Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking. Foreign investor interest has also extended to the debt market. FPIs invested Rs 972 crore in debt through the Fully Accessible Route (FAR) and another Rs 69 crore through the general route during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The upcoming issues follow the launch of five IPOs in the past week, while three companies had already tapped the market earlier this month The primary market is set for another busy week, with six companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, set to raise nearly ?5,600 crore collectively through initial public offerings (IPOs). The upcoming issues follow the launch of five IPOs in the past week, while three companies had already tapped the market earlier this month. Horizon Industrial Parks will kick off the week on August 17 with its ?2,600-crore IPO, followed by jewellery retailer Lalithaa Jewellery Mart's ?1,700-crore issue on the same day. Shankesh Jewellers and film and television producer Sunshine Pictures will open their IPOs on August 18, worth ?367 crore and ?282 crore, respectively. Gaja Alternative Asset Management, which operates under the Gaja Capital brand, will launch its ?550-crore IPO on August 19, while Tempsens Instruments (India) will open its issue on August 20. Together, the six companies are looking to raise around ?5,600 crore through the public issues, making it another busy week for the primary market. The funds raised through the fresh issue across the six companies will largely be used for business expansion, capital expenditure, debt repayment and other corporate purposes. With the addition of these issues, the number of companies launching IPOs in 2026 is expected to rise to 54. Horizon Industrial Parks' ?2,600-crore issue comprises entirely a fresh issue and has a price band of ?57-60 per share. The company plans to use the proceeds to repay borrowings. Lalithaa Jewellery Mart has fixed a price band of ?190-201 per share. Its ?1,700-crore issue comprises a fresh issue of up to ?1,200 crore and an OFS of up to ?500 crore. Shankesh Jewellers' ?367-crore issue comes with a price band of ?88-93 per share. The IPO comprises a fresh issue of up to 2.95 crore equity shares and an OFS of up to 1 crore equity shares. Sunshine Pictures has fixed a price band of ?342-360 for its ?282-crore offering. The IPO comprises a fresh issue of 48 lakh equity shares and an OFS of 30.37 lakh equity shares, taking the total offer size to 78.37 lakh shares. Promoters Vipul Amrutlal Shah and Shefali Vipul Shah will sell shares through the OFS. Gaja Alternative Asset Management has set a price band of ?152-160 per share for its? 550-crore IPO. The issue comprises a fresh issue of up to ?450 crore and an OFS of up to ?100 crore. Tempsens Instruments (India) will offer a fresh issue of ?95 crore along with an OFS of 1.85 crore shares. Separately, air freight forwarding and logistics company Skyways Air Services is scheduled to launch its ?s 583-crore IPO on August 24, keeping the primary market pipeline active beyond the coming week. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The upcoming issues follow the launch of five IPOs in the past week, while three companies had already tapped the market earlier this month The primary market is set for another busy week, with six companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, set to raise nearly ?5,600 crore collectively through initial public offerings (IPOs). The upcoming issues follow the launch of five IPOs in the past week, while three companies had already tapped the market earlier this month. Horizon Industrial Parks will kick off the week on August 17 with its ?2,600-crore IPO, followed by jewellery retailer Lalithaa Jewellery Mart's ?1,700-crore issue on the same day. Shankesh Jewellers and film and television producer Sunshine Pictures will open their IPOs on August 18, worth ?367 crore and ?282 crore, respectively. Gaja Alternative Asset Management, which operates under the Gaja Capital brand, will launch its ?550-crore IPO on August 19, while Tempsens Instruments (India) will open its issue on August 20. Together, the six companies are looking to raise around ?5,600 crore through the public issues, making it another busy week for the primary market. The funds raised through the fresh issue across the six companies will largely be used for business expansion, capital expenditure, debt repayment and other corporate purposes. With the addition of these issues, the number of companies launching IPOs in 2026 is expected to rise to 54. Horizon Industrial Parks' ?2,600-crore issue comprises entirely a fresh issue and has a price band of ?57-60 per share. The company plans to use the proceeds to repay borrowings. Lalithaa Jewellery Mart has fixed a price band of ?190-201 per share. Its ?1,700-crore issue comprises a fresh issue of up to ?1,200 crore and an OFS of up to ?500 crore. Shankesh Jewellers' ?367-crore issue comes with a price band of ?88-93 per share. The IPO comprises a fresh issue of up to 2.95 crore equity shares and an OFS of up to 1 crore equity shares. Sunshine Pictures has fixed a price band of ?342-360 for its ?282-crore offering. The IPO comprises a fresh issue of 48 lakh equity shares and an OFS of 30.37 lakh equity shares, taking the total offer size to 78.37 lakh shares. Promoters Vipul Amrutlal Shah and Shefali Vipul Shah will sell shares through the OFS. Gaja Alternative Asset Management has set a price band of ?152-160 per share for its? 550-crore IPO. The issue comprises a fresh issue of up to ?450 crore and an OFS of up to ?100 crore. Tempsens Instruments (India) will offer a fresh issue of ?95 crore along with an OFS of 1.85 crore shares. Separately, air freight forwarding and logistics company Skyways Air Services is scheduled to launch its ?s 583-crore IPO on August 24, keeping the primary market pipeline active beyond the coming week. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The upcoming issues follow the launch of five IPOs in the past week, while three companies had already tapped the market earlier this month The primary market is set for another busy week, with six companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, set to raise nearly ?5,600 crore collectively through initial public offerings (IPOs). The upcoming issues follow the launch of five IPOs in the past week, while three companies had already tapped the market earlier this month. Horizon Industrial Parks will kick off the week on August 17 with its ?2,600-crore IPO, followed by jewellery retailer Lalithaa Jewellery Mart's ?1,700-crore issue on the same day. Shankesh Jewellers and film and television producer Sunshine Pictures will open their IPOs on August 18, worth ?367 crore and ?282 crore, respectively. Gaja Alternative Asset Management, which operates under the Gaja Capital brand, will launch its ?550-crore IPO on August 19, while Tempsens Instruments (India) will open its issue on August 20. Together, the six companies are looking to raise around ?5,600 crore through the public issues, making it another busy week for the primary market. The funds raised through the fresh issue across the six companies will largely be used for business expansion, capital expenditure, debt repayment and other corporate purposes. With the addition of these issues, the number of companies launching IPOs in 2026 is expected to rise to 54. Horizon Industrial Parks' ?2,600-crore issue comprises entirely a fresh issue and has a price band of ?57-60 per share. The company plans to use the proceeds to repay borrowings. Lalithaa Jewellery Mart has fixed a price band of ?190-201 per share. Its ?1,700-crore issue comprises a fresh issue of up to ?1,200 crore and an OFS of up to ?500 crore. Shankesh Jewellers' ?367-crore issue comes with a price band of ?88-93 per share. The IPO comprises a fresh issue of up to 2.95 crore equity shares and an OFS of up to 1 crore equity shares. Sunshine Pictures has fixed a price band of ?342-360 for its ?282-crore offering. The IPO comprises a fresh issue of 48 lakh equity shares and an OFS of 30.37 lakh equity shares, taking the total offer size to 78.37 lakh shares. Promoters Vipul Amrutlal Shah and Shefali Vipul Shah will sell shares through the OFS. Gaja Alternative Asset Management has set a price band of ?152-160 per share for its? 550-crore IPO. The issue comprises a fresh issue of up to ?450 crore and an OFS of up to ?100 crore. Tempsens Instruments (India) will offer a fresh issue of ?95 crore along with an OFS of 1.85 crore shares. Separately, air freight forwarding and logistics company Skyways Air Services is scheduled to launch its ?s 583-crore IPO on August 24, keeping the primary market pipeline active beyond the coming week. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The upcoming issues follow the launch of five IPOs in the past week, while three companies had already tapped the market earlier this month The primary market is set for another busy week, with seven companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, set to raise over Rs 6,400 crore collectively through initial public offerings (IPOs). The upcoming issues follow the launch of five IPOs this week, while three companies had already tapped the market earlier this month. Horizon Industrial Parks will kick off the week on August 17 with its Rs 2,600-crore IPO, followed by jewellery retailer Lalithaa Jewellery Mart's Rs 1,700-crore issue on the same day. Shankesh Jewellers and film and television producer Sunshine Pictures will open their IPOs on August 18, raising Rs 367 crore and Rs 282 crore, respectively. Gaja Alternative Asset Management, which operates under the Gaja Capital brand, will launch its Rs 550-crore IPO on August 19, Tempsens Instruments (India) will open its issue on August 20 and an integrated gold and silver platform Augmont Enterprises will float its Rs 825-crore IPO on August 21. Together, the seven companies are looking to raise more than Rs 6,400 crore through public issues, making it another busy week for the primary market. Funds raised through the fresh issue will largely be used for business expansion, capital expenditure, debt repayment and other corporate purposes, while proceeds from the OFS will go to the selling shareholders. With the addition of these issues, the number of companies launching IPOs in 2026 is expected to rise to 55, industry data showed. Horizon Industrial Parks' Rs 2,600-crore issue comprises entirely a fresh issue and has a price band of Rs 57-60 per share. The company plans to use the proceeds to repay borrowings. Lalithaa Jewellery Mart has fixed a price band of Rs 190-201 per share. Its Rs 1,700-crore issue comprises a fresh issue of up to Rs 1,200 crore and an OFS of up to Rs 500 crore. Shankesh Jewellers' Rs 367-crore issue comes with a price band of Rs 88-93 per share. The IPO comprises a fresh issue of up to 2.95 crore equity shares and an OFS of up to 1 crore equity shares. Sunshine Pictures has fixed a price band of Rs 342-360 for its Rs 282-crore offering. The IPO comprises a fresh issue of 48 lakh equity shares and an OFS of 30.37 lakh equity shares, taking the total offer size to 78.37 lakh shares. Promoters Vipul Amrutlal Shah and Shefali Vipul Shah will sell shares through the OFS. Gaja Alternative Asset Management has set a price band of Rs 152-160 per share for its Rs 550-crore IPO. The issue comprises a fresh issue of up to Rs 450 crore and an OFS of up to Rs 100 crore. Tempsens Instruments will offer a fresh issue of Rs 95 crore, along with an OFS of 1.85 crore shares. Augmont Enterprises' Rs 825 crore IPO is a combination of a fresh issue of Rs 620 crore and an OFS of Rs 205 crore. The price band of Tempsens Instruments and Augmont Enterprises will be announced on Monday and Tuesday, respectively. Separately, air freight forwarding and logistics company Skyways Air Services is scheduled to launch its Rs 583-crore IPO on August 24, keeping the primary market pipeline active beyond the coming week. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The upcoming issues follow the launch of five IPOs in the past week, while three companies had already tapped the market earlier this month The primary market is set for another busy week, with seven companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, set to raise over Rs 6,400 crore collectively through initial public offerings (IPOs). The upcoming issues follow the launch of five IPOs this week, while three companies had already tapped the market earlier this month. Horizon Industrial Parks will kick off the week on August 17 with its Rs 2,600-crore IPO, followed by jewellery retailer Lalithaa Jewellery Mart's Rs 1,700-crore issue on the same day. Shankesh Jewellers and film and television producer Sunshine Pictures will open their IPOs on August 18, raising Rs 367 crore and Rs 282 crore, respectively. Gaja Alternative Asset Management, which operates under the Gaja Capital brand, will launch its Rs 550-crore IPO on August 19, Tempsens Instruments (India) will open its issue on August 20 and an integrated gold and silver platform Augmont Enterprises will float its Rs 825-crore IPO on August 21. Together, the seven companies are looking to raise more than Rs 6,400 crore through public issues, making it another busy week for the primary market. Funds raised through the fresh issue will largely be used for business expansion, capital expenditure, debt repayment and other corporate purposes, while proceeds from the OFS will go to the selling shareholders. With the addition of these issues, the number of companies launching IPOs in 2026 is expected to rise to 55, industry data showed. Horizon Industrial Parks' Rs 2,600-crore issue comprises entirely a fresh issue and has a price band of Rs 57-60 per share. The company plans to use the proceeds to repay borrowings. Lalithaa Jewellery Mart has fixed a price band of Rs 190-201 per share. Its Rs 1,700-crore issue comprises a fresh issue of up to Rs 1,200 crore and an OFS of up to Rs 500 crore. Shankesh Jewellers' Rs 367-crore issue comes with a price band of Rs 88-93 per share. The IPO comprises a fresh issue of up to 2.95 crore equity shares and an OFS of up to 1 crore equity shares. Sunshine Pictures has fixed a price band of Rs 342-360 for its Rs 282-crore offering. The IPO comprises a fresh issue of 48 lakh equity shares and an OFS of 30.37 lakh equity shares, taking the total offer size to 78.37 lakh shares. Promoters Vipul Amrutlal Shah and Shefali Vipul Shah will sell shares through the OFS. Gaja Alternative Asset Management has set a price band of Rs 152-160 per share for its Rs 550-crore IPO. The issue comprises a fresh issue of up to Rs 450 crore and an OFS of up to Rs 100 crore. Tempsens Instruments will offer a fresh issue of Rs 95 crore, along with an OFS of 1.85 crore shares. Augmont Enterprises' Rs 825 crore IPO is a combination of a fresh issue of Rs 620 crore and an OFS of Rs 205 crore. The price band of Tempsens Instruments and Augmont Enterprises will be announced on Monday and Tuesday, respectively. Separately, air freight forwarding and logistics company Skyways Air Services is scheduled to launch its Rs 583-crore IPO on August 24, keeping the primary market pipeline active beyond the coming week. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The upcoming issues follow the launch of five IPOs in the past week, while three companies had already tapped the market earlier this month The primary market is set for another busy week, with seven companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, set to raise over Rs 6,400 crore collectively through initial public offerings (IPOs). The upcoming issues follow the launch of five IPOs this week, while three companies had already tapped the market earlier this month. Horizon Industrial Parks will kick off the week on August 17 with its Rs 2,600-crore IPO, followed by jewellery retailer Lalithaa Jewellery Mart's Rs 1,700-crore issue on the same day. Shankesh Jewellers and film and television producer Sunshine Pictures will open their IPOs on August 18, raising Rs 367 crore and Rs 282 crore, respectively. Gaja Alternative Asset Management, which operates under the Gaja Capital brand, will launch its Rs 550-crore IPO on August 19, Tempsens Instruments (India) will open its issue on August 20 and an integrated gold and silver platform Augmont Enterprises will float its Rs 825-crore IPO on August 21. Together, the seven companies are looking to raise more than Rs 6,400 crore through public issues, making it another busy week for the primary market. Funds raised through the fresh issue will largely be used for business expansion, capital expenditure, debt repayment and other corporate purposes, while proceeds from the OFS will go to the selling shareholders. With the addition of these issues, the number of companies launching IPOs in 2026 is expected to rise to 55, industry data showed. Horizon Industrial Parks' Rs 2,600-crore issue comprises entirely a fresh issue and has a price band of Rs 57-60 per share. The company plans to use the proceeds to repay borrowings. Lalithaa Jewellery Mart has fixed a price band of Rs 190-201 per share. Its Rs 1,700-crore issue comprises a fresh issue of up to Rs 1,200 crore and an OFS of up to Rs 500 crore. Shankesh Jewellers' Rs 367-crore issue comes with a price band of Rs 88-93 per share. The IPO comprises a fresh issue of up to 2.95 crore equity shares and an OFS of up to 1 crore equity shares. Sunshine Pictures has fixed a price band of Rs 342-360 for its Rs 282-crore offering. The IPO comprises a fresh issue of 48 lakh equity shares and an OFS of 30.37 lakh equity shares, taking the total offer size to 78.37 lakh shares. Promoters Vipul Amrutlal Shah and Shefali Vipul Shah will sell shares through the OFS. Gaja Alternative Asset Management has set a price band of Rs 152-160 per share for its Rs 550-crore IPO. The issue comprises a fresh issue of up to Rs 450 crore and an OFS of up to Rs 100 crore. Tempsens Instruments will offer a fresh issue of Rs 95 crore, along with an OFS of 1.85 crore shares. Augmont Enterprises' Rs 825 crore IPO is a combination of a fresh issue of Rs 620 crore and an OFS of Rs 205 crore. The price band of Tempsens Instruments and Augmont Enterprises will be announced on Monday and Tuesday, respectively. Separately, air freight forwarding and logistics company Skyways Air Services is scheduled to launch its Rs 583-crore IPO on August 24, keeping the primary market pipeline active beyond the coming week. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The upcoming issues follow the launch of five IPOs in the past week, while three companies had already tapped the market earlier this month The primary market is set for another busy week, with seven companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, set to raise over Rs 6,400 crore collectively through initial public offerings (IPOs). The upcoming issues follow the launch of five IPOs this week, while three companies had already tapped the market earlier this month. Horizon Industrial Parks will kick off the week on August 17 with its Rs 2,600-crore IPO, followed by jewellery retailer Lalithaa Jewellery Mart's Rs 1,700-crore issue on the same day. Shankesh Jewellers and film and television producer Sunshine Pictures will open their IPOs on August 18, raising Rs 367 crore and Rs 282 crore, respectively. Gaja Alternative Asset Management, which operates under the Gaja Capital brand, will launch its Rs 550-crore IPO on August 19, Tempsens Instruments (India) will open its issue on August 20 and an integrated gold and silver platform Augmont Enterprises will float its Rs 825-crore IPO on August 21. Together, the seven companies are looking to raise more than Rs 6,400 crore through public issues, making it another busy week for the primary market. Funds raised through the fresh issue will largely be used for business expansion, capital expenditure, debt repayment and other corporate purposes, while proceeds from the OFS will go to the selling shareholders. With the addition of these issues, the number of companies launching IPOs in 2026 is expected to rise to 55, industry data showed. Horizon Industrial Parks' Rs 2,600-crore issue comprises entirely a fresh issue and has a price band of Rs 57-60 per share. The company plans to use the proceeds to repay borrowings. Lalithaa Jewellery Mart has fixed a price band of Rs 190-201 per share. Its Rs 1,700-crore issue comprises a fresh issue of up to Rs 1,200 crore and an OFS of up to Rs 500 crore. Shankesh Jewellers' Rs 367-crore issue comes with a price band of Rs 88-93 per share. The IPO comprises a fresh issue of up to 2.95 crore equity shares and an OFS of up to 1 crore equity shares. Sunshine Pictures has fixed a price band of Rs 342-360 for its Rs 282-crore offering. The IPO comprises a fresh issue of 48 lakh equity shares and an OFS of 30.37 lakh equity shares, taking the total offer size to 78.37 lakh shares. Promoters Vipul Amrutlal Shah and Shefali Vipul Shah will sell shares through the OFS. Gaja Alternative Asset Management has set a price band of Rs 152-160 per share for its Rs 550-crore IPO. The issue comprises a fresh issue of up to Rs 450 crore and an OFS of up to Rs 100 crore. Tempsens Instruments will offer a fresh issue of Rs 95 crore, along with an OFS of 1.85 crore shares. Augmont Enterprises' Rs 825 crore IPO is a combination of a fresh issue of Rs 620 crore and an OFS of Rs 205 crore. The price band of Tempsens Instruments and Augmont Enterprises will be announced on Monday and Tuesday, respectively. Separately, air freight forwarding and logistics company Skyways Air Services is scheduled to launch its Rs 583-crore IPO on August 24, keeping the primary market pipeline active beyond the coming week. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The upcoming issues follow the launch of five IPOs in the past week, while three companies had already tapped the market earlier this month The primary market is set for another busy week, with seven companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, set to raise over Rs 6,400 crore collectively through initial public offerings (IPOs). The upcoming issues follow the launch of five IPOs this week, while three companies had already tapped the market earlier this month. Horizon Industrial Parks will kick off the week on August 17 with its Rs 2,600-crore IPO, followed by jewellery retailer Lalithaa Jewellery Mart's Rs 1,700-crore issue on the same day. Shankesh Jewellers and film and television producer Sunshine Pictures will open their IPOs on August 18, raising Rs 367 crore and Rs 282 crore, respectively. Gaja Alternative Asset Management, which operates under the Gaja Capital brand, will launch its Rs 550-crore IPO on August 19, Tempsens Instruments (India) will open its issue on August 20 and an integrated gold and silver platform Augmont Enterprises will float its Rs 825-crore IPO on August 21. Together, the seven companies are looking to raise more than Rs 6,400 crore through public issues, making it another busy week for the primary market. Funds raised through the fresh issue will largely be used for business expansion, capital expenditure, debt repayment and other corporate purposes, while proceeds from the OFS will go to the selling shareholders. With the addition of these issues, the number of companies launching IPOs in 2026 is expected to rise to 55, industry data showed. Horizon Industrial Parks' Rs 2,600-crore issue comprises entirely a fresh issue and has a price band of Rs 57-60 per share. The company plans to use the proceeds to repay borrowings. Lalithaa Jewellery Mart has fixed a price band of Rs 190-201 per share. Its Rs 1,700-crore issue comprises a fresh issue of up to Rs 1,200 crore and an OFS of up to Rs 500 crore. Shankesh Jewellers' Rs 367-crore issue comes with a price band of Rs 88-93 per share. The IPO comprises a fresh issue of up to 2.95 crore equity shares and an OFS of up to 1 crore equity shares. Sunshine Pictures has fixed a price band of Rs 342-360 for its Rs 282-crore offering. The IPO comprises a fresh issue of 48 lakh equity shares and an OFS of 30.37 lakh equity shares, taking the total offer size to 78.37 lakh shares. Promoters Vipul Amrutlal Shah and Shefali Vipul Shah will sell shares through the OFS. Gaja Alternative Asset Management has set a price band of Rs 152-160 per share for its Rs 550-crore IPO. The issue comprises a fresh issue of up to Rs 450 crore and an OFS of up to Rs 100 crore. Tempsens Instruments will offer a fresh issue of Rs 95 crore, along with an OFS of 1.85 crore shares. Augmont Enterprises' Rs 825 crore IPO is a combination of a fresh issue of Rs 620 crore and an OFS of Rs 205 crore. The price band of Tempsens Instruments and Augmont Enterprises will be announced on Monday and Tuesday, respectively. Separately, air freight forwarding and logistics company Skyways Air Services is scheduled to launch its Rs 583-crore IPO on August 24, keeping the primary market pipeline active beyond the coming week. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Beyond global developments, investors will closely watch foreign institutional flows. Trading activity in the stock market this week will depend on the developments surrounding the Strait of Hormuz, the US-Iran standoff and crude oil, analysts said. With the quarterly earnings season now over, investors would also monitor the trading activity of foreign investors, experts added. "Developments surrounding the Strait of Hormuz and the trajectory of Brent crude will remain critical market drivers in the near term. With the earnings season behind us, the coming week will be relatively data-light, with investors likely to focus on global monetary policy expectations, crude oil prices and geopolitical developments," Ajit Mishra SVP, Research, Religare Broking Ltd, said. Globally, the FOMC (Federal Open Market Committee) minutes will be closely watched for signals on the Federal Reserve's policy outlook. Any indication of a more hawkish stance could weigh on emerging-market flows and increase volatility in Indian equities, he added. "Investor attention in the coming week is likely to remain firmly focused on developments surrounding the Strait of Hormuz and the broader USIran standoff. Investor focus will also turn to the release of the minutes from the Federal Reserve's July policy meeting on August 19," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. Beyond global developments, investors will closely watch foreign institutional flows, he added. Last week, the BSE benchmark Sensex declined 489.92 points, or 0.62 per cent, and the NSE Nifty dipped 204.65 points, or 0.83 per cent. Indian equity markets ended lower during the week, snapping a two-week winning streak as rising crude oil prices and renewed geopolitical tensions dampened investor sentiment, Ponmudi added. Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking, said this week investors will closely track crude oil price movements and developments in the ongoing US-Iran geopolitical tensions. Investors will closely track crude oil, geopolitical developments, FOMC minutes, and Chinese economic data for further cues on global growth and the Fed's policy outlook, Vinod Nair, Head of Research, Geojit Investments Limited, said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 16 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The closest living relatives of crocodiles and alligators are, perhaps surprisingly, birds. They are both archosauriforms, a group of species that originated about 250 million years ago near the beginning of the Triassic period. The group soon split into two lineages: one led to crocodiles (Pseudosuchia), while the other led to dinosaurs and then birds (Avemetatarsalia). This means there is a combined 500 million years of evolutionary change between modern birds and crocodiles. The aeons have erased almost all evidence of shared ancestry. Crocodiles are cold-blooded (called ectotherms by physiologists). Their body temperatures are determined by the environment, and they have low metabolic rates (the speed at which their bodies turn food into energy). They appear sluggish, except for occasional brief flurries of powerful activity while drowning prey or fighting among themselves. Birds are warm-blooded (or endotherms). They have high metabolic rates, producing energy quickly enough to warm and stabilise their body temperatures and to undertake sustainable, strenuous exercise of flight. Birds don’t fatigue and fall out of the sky. Even if crocodiles somehow had wings, the metabolic difference in power alone would mean they could never fly. How did birds and crocodiles become so different? The conventional assumption has been that their common ancestor was more like a crocodile than a bird – but our new research shows the opposite is most likely the truth. Scientists have assumed that warm-blooded animals evolved from cold-blooded ones, not the reverse. As warm-blooded creatures ourselves, we have had a habit of thinking warm-blooded animals are physiologically superior to cold-blooded ones. By this logic, if a group of animals evolved to become warm-blooded, it could never revert to a cold-blooded state without quickly going extinct. From this view, it makes sense to believe the crocodile lineage had been cold-blooded all the way from its origin. Scientists thought warm-bloodedness had appeared only in the dinosaur-bird lineage. Our first clue that the crocodile lineage was originally warm-blooded was that living crocodiles have four-chambered hearts. The only other groups with such hearts are warm-blooded birds and mammals, and there is a functional connection with warm-bloodedness. High metabolic rates in warm-blooded animals require high rates of blood flow and high blood pressure. Four-chambered hearts completely separate low-pressure blood, going through pulmonary arteries to the lungs, from high-pressure blood travelling through systemic arteries to the rest of the body. This pressure separation is vital to prevent high-pressure blood from reaching the lungs. If it does, it can cause a potentially fatal buildup of fluid which blocks oxygen uptake. So modern crocodiles have a warm-blooded-style heart but produce the low blood-flow rates and pressures we would expect for their cold-blooded nature. This suggests their hearts were once evolved for warm-blooded life. Because warm-bloodedness is associated with high rates of blood flow, we searched for fossil evidence of large blood vessels to accommodate high flow. We had earlier found that the holes in the the leg bones that pass blood vessels through the bones of living mammals were relatively much larger than those in living cold-blooded reptiles. We checked this against these holes in ten species of dinosaurs, and confirmed that they too were warm-blooded. But we had no measurements from the earliest archosaurs, nor any from ancient members of the crocodile lineage. Our new study of the hole size in fossil leg bones focused on the earliest archosaur relatives from both lineages we could find. Starting in 2018, we assembled data from 81 species, which showed that both the crocodile and dinosaur-bird lineages had high metabolic rates until relatively recently – perhaps around 66 million years ago, at the time most dinosaurs died out – when crocodiles abandoned it in favour of a cold-blooded metabolism. These results are consistent with several other lines of evidence regarding the evolution of metabolism in the crocodile and dinosaur-bird lineages and also among mammals. The new view of the history of the crocodile lineage starts in the Triassic period, with them as active land-dwelling warm-blooded animals, in many cases even running on two legs. They diversified into hundreds of species over the Jurassic and Cretaceous periods, living on land, in salt and fresh water, and in between. However, they apparently remained warm-blooded until recently. Why did their metabolisms slow down? We think it may have been related to their current behaviour as ambush predators in water. The low metabolic rates that come with being cold-blooded allow them to hold their breath longer to remain hidden while waiting for prey animals, and while drowning them. There are no warm-blooded ambush predators in water alive today. Warm-blooded animals simply cannot hold their breath long enough. Reversion to a cold-blooded metabolism may have saved the crocodile lineage from extinction 66 million years ago when an asteroid ended the lines of most dinosaurs, except, of course, the birds. First Published: Aug 16 2026 | 10:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 16 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Apollo expects overall hospital revenue growth of 18-20 per cent during FY27. First Published: Aug 16 2026 | 7:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 7.62% to Rs 87.23 crore First Published: Aug 15 2026 | 4:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 7.89% to Rs 614.15 crore First Published: Aug 15 2026 | 4:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 9.25% to Rs 23.03 crore First Published: Aug 15 2026 | 4:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 52.24% to Rs 144.98 crore First Published: Aug 15 2026 | 4:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 50.20% to Rs 1609.36 crore First Published: Aug 15 2026 | 4:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 0.01 crore First Published: Aug 15 2026 | 4:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 1.56% to Rs 11097.77 crore First Published: Aug 15 2026 | 4:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 104.45% to Rs 18.38 crore First Published: Aug 15 2026 | 4:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 23.84% to Rs 695.80 crore First Published: Aug 15 2026 | 4:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 8.76% to Rs 845.19 crore First Published: Aug 15 2026 | 4:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Tata Sons annual general meeting scheduled for August 18 may not take place after Sir Ratan Tata Trust, a key shareholder in the holding company of the Tata Group, was unable to nominate a representative due to a regulatory restriction imposed by Maharashtra's Charity Commissioner, people familiar with the matter said. The meeting is scheduled to consider, among other matters, the directorship of Tata Sons Chairman N Chandrasekaran, who has decided not to seek another term when his current tenure ends in February. Tata Sons has not communicated any change in the scheduled AGM date to shareholders, the people said. Latest indications are that the company plans to proceed with the meeting but could adjourn it if the required quorum is not achieved. The problem stems from the inability of the Sir Ratan Tata Trust (SRTT) - which holds a 23.56 per cent stake in Tata Sons - to hold a board meeting because of an order issued by the Maharashtra Charity Commissioner in May pending an inquiry into the composition of its board. Without a board meeting, SRTT cannot jointly nominate a representative with the Sir Dorabji Tata Trust (SDTT), a step required under Tata Sons' Articles of Association for the AGM quorum. SDTT holds 27.98 per cent of Tata Sons. Article 86 of Tata Sons' Articles of Association requires at least five members to be personally present at the AGM, including a representative jointly nominated by SRTT and SDTT as long as the two trusts together hold at least 40 per cent of Tata Sons. The two trusts collectively hold about 66 per cent of the company, making the provision applicable. Besides, the Shapoorji Pallonji family owns about 18.37 per cent of Tata Sons. The earliest way forward for the AGM of Tata Sons, the holding company of the over USD 180-billion Tata Group, to take place could be when the 'lifetime trustees' of SRTT relinquish their position and renominate themselves as trustees with fixed tenure to abide by the amended Section 30A(2) of the Maharashtra Public Trusts Act, a person with direct knowledge said. Section 30A(2) of the Act restricts perpetual or lifetime trustees on a trust to a maximum of 25 per cent of the overall board strength. "As of today, they (SRTT) don't have permission from the Charity Commissioner to hold a board meeting of SRTT. If SRTT cannot hold a board meeting, they cannot jointly nominate people to attend the AGM, which is a requirement for quorum. When the quorum is not there, they cannot hold the AGM as it stands today," a person with direct knowledge of the development said. Comments from Tata Sons could not be obtained as an email query remained unanswered. The regulatory impasse dates back to May, when the Charity Commissioner directed SRTT to defer a proposed trustee meeting and ordered an inquiry into alleged non-compliance with Section 30A(2) of the Maharashtra Public Trusts Act. The provision, introduced through a 2025 amendment, limits perpetual or lifetime trustees to not more than 25 per cent of a public trust's board. A petition seeking its intervention for SRTT's violation of Section 30A(2) of the Maharashtra Public Trusts Act stated that SRTT had six trustees and three of them -- Jimmy Naval Tata, Jehangir HC Jehangir, and Noel Naval Tata -- are lifetime trustees, constituting 50 per cent of the board, exceeding the statutory ceiling of 25 per cent. Tata Trusts, however, has argued that the amendment is prospective and does not apply to perpetual trustee appointments made before it came into force on September 1, 2025. It has also described the Charity Commissioner's May direction as having been issued ex parte. Earlier this week, Tata Trusts vice-chairman Vijay Singh stepped down as a trustee of SRTT, which owns 23.6 per cent of Tata Sons, and has decided not to seek a renewal when his term expired on August 14. Despite the uncertainty over the AGM, it is understood that Tata Sons has not yet communicated any possible changes or postponement of the meeting to its shareholders. "What they have done is circulated the meeting date for August 18, but they have not sent any revised date or a recalculation of when it will happen to the shareholders," a source said. The issue has become critical because SRTT owns about 23.5 per cent of Tata Sons and, together with SDTT and other Tata Trusts, sits at the centre of the ownership and governance structure of the Tata Group. The Tata Trusts collectively control a majority stake in Tata Sons, while the Shapoorji Pallonji family holds about 18.4 per cent. A resolution of the SRTT governance issue could provide the quickest route to resolving the AGM impasse. One possible route, according to people familiar with the matter, would involve the perpetual trustees relinquishing their existing status and being reappointed for fixed terms in compliance with the amended law. The timing is particularly sensitive because the Tata Sons board has already postponed a decision on Chandrasekaran's reappointment. Tata Trusts have begun the process of setting up a panel to recommend his successor after Chandrasekaran decided not to seek another term. If the August 18 AGM cannot meet the quorum requirement and is adjourned, Chandrasekaran would remain a director until a legally valid AGM is held, according to people familiar with the matter. The standoff therefore risks turning what would ordinarily be a routine shareholder meeting into a test of the governance mechanisms governing India's largest business group, with the Tata Trusts' internal regulatory dispute now directly affecting the functioning of its principal corporate holding company. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 15 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 15 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bengaluru-based Brigade Enterprises is one of the leading real estate developers in the country Realty firm Brigade Enterprises Ltd's sales bookings fell 5 per cent to ?1,061 crore during the first quarter of this fiscal on lower volumes. Its sales bookings or pre-sales stood at ?1,118 crore in the year-ago period. In its latest investor presentation, the company said it achieved pre-sales of ?1,061 crore with a volume of 0.74 million sq ft in the April-June quarter of the 2026-27 fiscal. The sales volumes dropped 22 per cent from 0.94 million sq ft in the first quarter of the last financial year. However, the average sales realisation stood at ?14,256 per sq ft during the June quarter, a growth of 21 per cent over the year-ago period. Bengaluru-based Brigade Enterprises is one of the leading real estate developers in the country. Recently, the company reported a 37 per cent increase in its consolidated net profit to ?216.94 crore for the quarter ended June. Its net profit stood at ?157.95 crore in the year-ago period. Total income fell to ?1,179.22 crore in the first quarter of this fiscal year from ?1,332.86 crore in the corresponding period of the preceding year. Established in 1986, Brigade Group has developed many housing and commercial projects in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City. It also has a presence in the hospitality and education sectors. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 15 2026 | 1:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 15 2026 | 1:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From Central Railways First Published: Aug 15 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For supply of loiter munition system First Published: Aug 15 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For supply of BE220G hydraulic excavators BEML has received an order valued at USD 6.65 million from Mauritius for the supply of BE220G hydraulic excavators for deployment across key African markets, including Liberia, Sierra Leone, Ghana, Democratic Republic of Congo (DRC), Ce d'Ivoire and neighboring countries. The order will be executed in phases, commencing with pilot deployment in Sierra Leone. BEML will provide comprehensive warranty, technical assistance, site-based service support, operator training, spare parts, specialised tools and maintenance documentation. With this order, BEML's international order bookings as on date stand at approximately USD 119 million. First Published: Aug 15 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 15 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahindra today introduced the BE 6 SPORTEQ, an all-new series that marks the next evolution of its acclaimed electric origin SUV. The new BE 6 SPORTEQ series starts at Rs 11.45 Lakh with BaaS and battery at Rs 3.75 per km. The BE 6 SPORTEQ Launch Edition sits at the top of the range, distinguished by an exclusive Graphite Storm exterior and a full Racing Tan leatherette interior. The BE 6 SPORTEQ Formula E Freedom Edition represents the most performance-focused expression of the BE 6. Dr Velusamy R, President, Automotive Business, Mahindra & Mahindra and Managing Director, Mahindra Electric Automobile said, Electric mobility is entering a new phase. Customers no longer judge an EV simply by its range or acceleration. They expect it to become more intelligent, more personal and more capable throughout its lifetime. SPORTEQ reflects that shift. Powered by MAIA, it brings together AI, personalisation, performance and entertainment in ways that make every journey more intuitive. As the BE 6 is software-defined, it has the ability to keep evolving long after customers take delivery. The future belongs to vehicles that grow with their owners. SPORTEQ is designed to do exactly that, delivering an ownership experience that keeps expanding the boundaries of what customers expect from an electric SUV. First Published: Aug 15 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ceinsys Tech has been registered as a Google Cloud Partner across the following engagement areas: The company attained the Registered status across these areas on 29 May 2026. The partnership further strengthens the company's technology ecosystem and its ability to support customers through cloud-led, scalable and intelligent digital solutions. First Published: Aug 15 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 15 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hytech USA is a holding company and controls Misr Hytech Seed International S.A.E. (Hytech Egypt), which is the operating target entity ultimately being acquired by Advanta BV through the acquisition of Hytech USA. The acquisition of Hytech Egypt is fundamentally a strategic platform acquisition that gives Advanta an immediate leadership position in one of the largest and fastest-growing seed markets in the Middle East and Africa in white and yellow corn. Upon completion of the transaction, Advanta BV will hold 99.98% of the shareholding in Hytech Egypt. Advanta BV is a step-down subsidiary of Advanta Enterprises, which is a part of UPL's Seeds and Post Harvest segment under the platform Advanta, in which UPL effectively holds 78.21% shareholding. First Published: Aug 15 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Prime Minister Narendra Modi greets during the 8oth Independence Day celebrations, at Red Fort in New Delhi | PTI First Published: Aug 15 2026 | 11:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Prime Minister Narendra Modi addresses the nation during the 8oth Independence Day celebrations, at Red Fort in New Delhi | PTI First Published: Aug 15 2026 | 11:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 12.05% to Rs 29.27 crore First Published: Aug 15 2026 | 11:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 52.15% to Rs 32.56 crore First Published: Aug 15 2026 | 11:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 9.87% to Rs 103.50 crore First Published: Aug 15 2026 | 11:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 19.07% to Rs 80.85 crore First Published: Aug 15 2026 | 11:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 19.31% to Rs 1126.63 crore First Published: Aug 15 2026 | 11:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jubilant FoodWorks shares jump 6% as Domino’s, Popeyes drive Q1 growth First Published: Aug 14 2026 | 10:43 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee edged higher in opening trades on Friday, adding 2 paise to 95.43 against the US dollar, backed by a weaker greenback overseas. The local currency however remained broadly under pressure due to the withdrawal of foreign funds from domestic equities and rising crude oil prices amid geopolitical uncertainties. The NIFTY 50 is trading at 24,344.35 (down 0.21%) and the BSE SENSEX is trading at 77,860.22 (down 0.67%) during morning market hours. At the interbank foreign exchange market, the rupee opened at 95.39 and later slipped to trade at 95.43 against the American currency in early deals. The Indian rupee depreciated 12 paise to 95.45 against the US dollar on Thursday, weighed by weak domestic markets and persistent foreign fund outflows amid lingering geopolitical risks. First Published: Aug 14 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The companys net profit declined 36% to Rs 60.61 crore in the quarter ended March 2026 as against Rs 94.71 crore during the previous quarter ended March 2025. Sales rose 74.95% to Rs 1,607.66 crore in the quarter ended March 2026 as against Rs 918.94 crore during the previous quarter ended March 2025. The counter rose 0.06% to Rs 442.15 on the BSE. First Published: Aug 14 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Technocraft Ventures were currently trading at Rs 307.75 at 10:03 IST on the BSE, representing a premium of 45.17% as compared with the issue price of Rs 212. So far, the stock has hit a high of Rs 308.55 and a low of Rs 285. On the BSE, over 11.79 lakh shares of the company were traded in the counter so far. The initial public offer of Technocraft Ventures received bids for 32,17,81,880 shares as against 83,17,190 shares on offer. The issue was subscribed 38.69 times. The issue opened for bidding on 07 August 2026 and it closed on 11 August 2026. The price band of the IPO was fixed between Rs 200 and 212 per share. The issue comprised an offer for sale of 23,76,000 equity shares of Rs 10 face value and a fresh issue of up to 95,05,000 equity shares of Rs 10 each. The offer for sale was entirely by Kartikey Constructions, a promoter group company. Of the net proceeds from the fresh issue, Rs 150 crore was allocated for funding working capital requirements, while the balance was earmarked for general corporate purposes. Technocraft Ventures (TVL) is a North India-focused engineering, procurement and construction (EPC) company engaged in executing turnkey public infrastructure projects. Its core business is water and wastewater infrastructure, including water supply schemes (WSSPs), sewage treatment plants (STPs), wastewater treatment plants (WWTPs), transmission pipelines and reservoirs. The company also undertakes roads & highways, power transmission and distribution, and urban infrastructure projects, primarily for Central and State government agencies. As of 15 July 2026, TVL had an unexecuted EPC order book of Rs 1,305.45 crore, with the majority of projects in the water and wastewater segment, providing healthy revenue visibility. Ahead of the IPO, Technocraft Ventures on Thursday, 06 August 2026, raised Rs 75.55 crore from anchor investors. The board allotted 35.63 lakh shares at Rs 212 each to 4 anchor investors. The firm reported a consolidated net profit of Rs 43.32 crore and sales of Rs 345 crore for the twelve months ended on 31 March 2026. First Published: Aug 14 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 14 2026 | 10:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Most Tata stocks fall for 3rd day post-Chandra's exit; TMPV top loser First Published: Aug 14 2026 | 10:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 459.04 crore shares as against 8.17 crore shares on offer. The issue opened for bidding on 10 August 2026 and it will close on 13 August 2026. The price band of the IPO is fixed between Rs 133 and 140 per share. An investor can bid for a minimum of 107 equity shares and multiples thereof. The qualified institutional buyers' (QIB) portion was subscribed 155.83 times, while the non-institutional investors' (NII) category was subscribed 34.91 times. The retail individual investors' (RII) segment was subscribed 8.41 times, and the employees' portion was subscribed 12.43 times. The IPO comprised a fresh issue of equity shares worth up to Rs 1,428 crore and an offer for sale of equity shares aggregating up to Rs 125 crore by Sathishkumar T and Anitha S. The objectives of the fresh issue include Rs 496.8 crore for repayment/prepayment of certain outstanding borrowings, Rs 469.2 crore for financing the capital expenditure requirements for the expansion and modernisation of the Perundurai manufacturing facility, Rs 155.3 crore for deployment of visi coolers, ice cream freezers and chocolate coolers, and the remaining amount for general corporate purposes. The promoters are Sathishkumar T and Anitha S. The promoters and promoter group hold an aggregate of 62,10,55,917 equity shares, aggregating to 93% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is expected to be around 79.51%. Milky Mist Dairy Food is a fast-growing packaged food company focused on premium value-added dairy products, with a diversified portfolio spanning cheese, paneer, butter, curd, ghee, yogurt, ice cream, UHT products, frozen foods and ready-to-eat products. The company operates an integrated farm-to-retail model, sourcing milk directly from farmers and manufacturing at its integrated facility in Perundurai, Erode, Tamil Nadu. It has built a strong distribution network across India, with a significant presence in South India, which contributed 69.23% of FY26 revenue. Milky Mist has established strong positions in categories such as packaged paneer, cheese, curd and yogurt, while premium pricing and increasing focus on value-added products support its FMCG-like business model. The company plans to expand manufacturing capacities, strengthen milk procurement and distribution, and pursue strategic acquisitions to enter new markets, geographies and product categories. Ahead of the IPO, Milky Mist Dairy Food on Monday, 9 August 2026, raised Rs 465.29 crore from anchor investors. The board allotted 3.32 crore shares at Rs 140 each to 19 anchor investors. The firm reported a consolidated net profit of Rs 127.01 crore and sales of Rs 3,138.36 crore for the twelve months ended on 31 March 2026. First Published: Aug 14 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Leap India were currently trading at Rs 156.90 at 10:03 IST on the BSE, representing a discount of 1.32% as compared with the issue price of Rs 159. So far, the stock has hit a high of Rs 166.80 and a low of Rs 154.10. On the BSE, over 40.13 lakh shares of the company were traded in the counter so far. The initial public offer of Leap India received bids for 96,32,60,770 shares as against 11,49,91,735 shares on offer. The issue was subscribed 8.38 times. The issue opened for bidding on 07 August 2026 and it closed on 11 August 2026. The price band of the IPO was fixed between Rs 151 and 159 per share. The issue comprised both offer for sale by existing shareholders and fresh issue of shares. The fresh issue comprised issue of equity share of Rs 1 face value, aggregating to Rs 480 crore. And the offer for sale comprised sale of equity shares by promoters and promoter group shareholders aggregating up to Rs 2,000 crore. Of the net proceeds from fresh issue the company intends to use Rs 360 crore towards re/pre=payment (in full or part) of certain borrowings availed by the company and balance towards general corporate purposes. Leap India (LIL), promoted by Sunu Mathew, a technocrat, is the largest on-demand asset pooling provider in Indias supply chain management sector. LILs portfolio includes a diverse range of assets such as pallets, containers and MHEs, among others. LIL were the first company in India to introduce passive RFID-tagged containers. It is also in the process of tagging recently Chep acquired Assets with passive RFID tags. Taron, its subsidiary, is recognized as the leading forklift pooling player and a leader in the lithium-ion segment of MHEs, having been the first to introduce these solutions in India. Its customer list includes reputed companies such as Hindustan Coca-Cola Beverages, Marico, Toll (India) Logistics, Daikin Air-conditioning India etc. Ahead of the IPO, Leap India (LIL) on Thursday, 06 August 2026, raised Rs 743.62 crore from anchor investors. The board allotted 4.67 crore shares at Rs 159 each to 32 anchor investors. The firm reported a consolidated net profit of Rs 84.68 crore and sales of Rs 1,167.65 crore for the twelve months ended on 31 March 2026. First Published: Aug 14 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
National Aluminium Company Ltd has added 4.95% over last one month compared to 2.78% gain in BSE Metal index and 0.93% rise in the SENSEX National Aluminium Company Ltd lost 5.85% today to trade at Rs 379.35. The BSE Metal index is down 0.56% to quote at 41473. The index is up 2.78 % over last one month. Among the other constituents of the index, Hindalco Industries Ltd decreased 1.81% and Hindustan Zinc Ltd lost 0.82% on the day. The BSE Metal index went up 35.15 % over last one year compared to the 3.34% fall in benchmark SENSEX. National Aluminium Company Ltd has added 4.95% over last one month compared to 2.78% gain in BSE Metal index and 0.93% rise in the SENSEX. On the BSE, 19568 shares were traded in the counter so far compared with average daily volumes of 4.04 lakh shares in the past one month. The stock hit a record high of Rs 445.1 on 27 Apr 2026. The stock hit a 52-week low of Rs 183.85 on 29 Aug 2025. First Published: Aug 14 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sobha Ltd has lost 9.05% over last one month compared to 1.54% fall in BSE Realty index and 0.93% rise in the SENSEX Sobha Ltd rose 1.06% today to trade at Rs 1355. The BSE Realty index is up 0.41% to quote at 7029.62. The index is down 1.54 % over last one month. Among the other constituents of the index, Aditya Birla Real Estate Ltd increased 0.93% and Brigade Enterprises Ltd added 0.9% on the day. The BSE Realty index went up 2.91 % over last one year compared to the 3.34% fall in benchmark SENSEX. Sobha Ltd has lost 9.05% over last one month compared to 1.54% fall in BSE Realty index and 0.93% rise in the SENSEX. On the BSE, 1 shares were traded in the counter so far compared with average daily volumes of 15221 shares in the past one month. The stock hit a record high of Rs 1730.9 on 10 Nov 2025. The stock hit a 52-week low of Rs 1131.1 on 02 Apr 2026. First Published: Aug 14 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 15.41 crore First Published: Aug 14 2026 | 9:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Aug 14 2026 | 9:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 0.35 crore First Published: Aug 14 2026 | 9:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 19.14% to Rs 33.68 crore First Published: Aug 14 2026 | 9:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 26.32% to Rs 1.68 crore First Published: Aug 14 2026 | 9:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 242.11% to Rs 0.65 crore First Published: Aug 14 2026 | 9:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 22.20% to Rs 12.79 crore First Published: Aug 14 2026 | 9:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 40.00% to Rs 0.28 crore First Published: Aug 14 2026 | 9:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 52.37% to Rs 15.74 crore First Published: Aug 14 2026 | 9:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Aug 14 2026 | 9:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IRM Energy announced that its board has approved the appointment of Ashish Maheshwari as chief financial officer (CFO) of the company, effective August 14, 2026. Ashish Maheshwari is a qualified Chartered Accountant (ICAI), Company Secretary (ICSI), Law Graduate (LLB), and also holds a Diploma in IFRS from ACCA (UK). He is a finance professional with over 16 years of experience in corporate finance, project finance, treasury, financial planning, business strategy, and financial reporting. He has expertise in fundraising, project financing, treasury management, investor and lender relations, financial modelling, budgeting, mergers and acquisitions, Ind-AS compliance, board reporting and strategic planning. He has also been involved in large-scale infrastructure, power and renewable energy projects. Prior to joining IRM Energy, Maheshwari was associated with the Adani Group, Kalpataru Group and Reliance ADAG Group. IRM Energy is a gas distribution company involved in the development, operation, and expansion of a local natural gas distribution network. The companys consolidated net profit surged 139.33% to Rs 33.81 crore in Q1 FY27, compared with Rs 13.92 crore in Q1 FY26. Net sales climbed 24.13% YoY to Rs 325.82 crore in Q1 FY27. The scrip gained 0.51% to close at Rs 296.95 on Thursday, 13 August 2026. First Published: Aug 14 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 14 2026 | 8:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zetwerk's fiscal 2026 revenue was ?15,913 crore , while it reported a pre-tax loss of ?916 crore on one-off charges, the filing ?showed India's Zetwerk Manufacturing Businesses on Thursday filed updated papers for an initial public offering through which it aims to raise ?2,600 crore ($272.47 million) in fresh capital, as ?the contract manufacturer seeks to pare debt. Zetwerk's IPO also comprises an offer for sale of 96.8 million shares by existing investors. It plans to use ?1,800 crore to repay debt, with the remainder set for corporate purposes and potential acquisitions. The public filing comes at a time when India's primary market is ?reviving after a subdued first half of the year due to the impact of the Middle East war and a spike in crude oil prices. As many as 22 companies have either launched or announced IPOs since July, compared to about 27 public issues between January and June. Zetwerk's fiscal 2026 revenue was ?15,913 crore , while it reported a pre-tax loss of ?916 crore on one-off charges, the filing ?showed. It has more than 20 manufacturing facilities catering to ?1,100 customers across sectors including electronics, energy, capital goods, aerospace and defence in more than a dozen ?countries. Its customers include French industrial group Schneider Electric, India's top refiner Indian Oil, Germany's Siemens and Taiwanese technological goods ?brand Acer. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 14 2026 | 8:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: Honasa, LG Electronics, Physicswalla, NMDC, TMPV SME Listing First Published: Aug 14 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 14 2026 | 7:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 14 2026 | 12:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 14 2026 | 12:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's test preparation market is expected to reach in the range of USD 23-26 billion by financial year 2030, market research firm Redseer Strategy Consultants said on Thursday. According to the report titled, leadership in the segment will depend on the operating model, not scale, faculty, or reach alone. "India's test preparation market is around USD 14.8 Bn in FY26, projected to reach USD 23-26 billion by FY30 at a 12-15 per cent CAGR," the report said. The research found that undergraduate (UG) entrance tests are the highest-intent, highest-investment segment within the test preparation industry. "For JEE and NEET aspirants, access is only one part of the decision. Together, the two exams account for nearly 70 per cent of the UG entrance preparation market, with families often committing several years and significant household spend to test preparation," the report said. Redseer during the survey found for the report found that the success rates for the most sought-after outcomes remain roughly 1 per cent for IIT admissions and 3 per cent for preferred government medical seats, making evidence of past performance difficult for serious aspirants to ignore. While choosing the test preparation firm, 57 per cent offline aspirants ranked faculty quality among their top three considerations, while 44 per cent chose past results for the same. The emphasis is even stronger among aspirants targeting ranks below 1,000, where 59 per cent cite faculty quality and 51 per cent cite past results. "Price, location and visibility feature lower in the consideration set," the report said. According to the report, a unified academic model combining pedagogy, evaluation and intervention and technology will help deliver consistent outcomes at scale. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 13 2026 | 11:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
AMD First Published: Aug 13 2026 | 11:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
State Bank of India, acting through its London branch, has raised USD 500 million by issuing bonds at a coupon rate of 5.25 per cent. The 'Regulation S' bond is benchmarked against the 5-year US Treasury and priced at a spread of 88 bps over the benchmark, SBI said in a statement on Thursday. 'Regulation S' tagged instruments are exempt from registration requirements of the US Securities and Exchange Commission (SEC) and can be issued outside the United States. The bonds will be listed on SGX-ST, India INX and NSE-IX, it said. The transaction received an overwhelming response and saw strong interest from investors across geographies, with a peak order book of USD 2.46 billion with 145 investors. SBI Chairman CS Setty said, "The successful pricing of USD 500 million, during the ongoing global uncertainties, is a testament to the strong appetite for bonds of SBI and to the diversified investor base the Bank has in offshore capital markets, allowing it to efficiently raise funds from the leading global fixed income investors". (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 13 2026 | 11:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RailTel Corporation of India announced that it has received a work order worth Rs 63 crore from Deendayal Port Authority (DPA). The project is scheduled to be executed by 16 August 2031. The company clarified that the order does not constitute a related-party transaction and that neither its promoters nor members of the promoter group have any interest in the order. RailTel Corporation of India was incorporated in 2000 to create a nationwide broadband, VPN, telecom and multimedia network, modernising the train control operations and safety systems of Indian Railways. It is a Navratna public sector undertaking (PSU) under the Government of India. RailTel's network currently passes through around 6,000 railway stations across the country, covering all major commercial centres. The companys standalone net profit marginally declined 0.48% to Rs 65.78 crore in Q1 FY27, compared with Rs 66.10 crore in Q1 FY26. Revenue from operations rose 20.09% to Rs 893.27 crore in Q1 FY27 from Rs 743.83 crore in the corresponding quarter last year. The counter rose 0.23% to Rs 286.45 on the BSE. First Published: Aug 13 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 13 2026 | 10:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee depreciated 7 paise to 95.40 against the US dollar in early trade on Thursday pressured by elevated crude oil prices and lingering geopolitical risks. Forex traders said investor sentiment remains fragile as the standoff between US and Iran does not seem to be coming to an end with Iran warning of keeping the Strait of Hormuz closed till 2029 while the US President saying that the Hormuz is in US's command. At the interbank foreign exchange market, the rupee opened at 95.40, registering a fall of 7 paise from its previous close. On Wednesday, the rupee closed at 95.33 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 100.01. Brent crude, the global oil benchmark, was trading lower by 1.22 per cent at USD 87.89 per barrel in futures trade. With oil prices near to USD 88 a barrel but the dollar index higher at 100.01, the rupee opened at 95.40 on Thursday, after rising to 95.25 on Wednesday, said Anil Kumar Bhansali Head of Treasury and Executive Director Finrex Treasury Advisors LLP. "RBI has been continuously backing the rupee at 95.41-95.45 despite oil demand taking it lower," Bhansali said. Foreign institutional investors offloaded equities worth Rs 1,002.50 crore on a net basis on Wednesday, according to exchange data. On the domestic equity market front, the Sensex was trading lower by 152.97 points at 77,813.38, while the Nifty was down 84.80 points at 24,351.15. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 13 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lenskart rallies 7% to 52-week high on Q1 beat; analysts hail margin growth First Published: Aug 13 2026 | 10:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 57.32 crore shares as against 81.58 lakh shares on offer. The issue opened for bidding on 10 August 2026 and it closed on 12 August 2026. The price band of the IPO is fixed between Rs 768 and 807 per share. The qualified institutional buyers' (QIB) portion was subscribed 186.39 times, while the non-institutional investors' (NII) category was subscribed 49.80 times. The retail individual investors' (RII) segment was subscribed 12.96 times. The IPO comprised a fresh issue of equity shares worth up to Rs 200 crore and an offer for sale of 91,66,000 equity shares aggregating up to Rs 739.7 crore by Exxora Trading LLP, Dr. Chandrasekhar Bhaskaran Nair, India Business Excellence Fund III, Gopalkrishna Mangalore Kini and J. Guru Dutt. The objectives for the fresh issue included Rs 125.12 crore for setting up a Research & Development facility and Centre of Excellence, Rs 80.8 crore for purchasing plant, machinery and other equipment for Goa Unit I, Goa Unit II and Visakhapatnam Unit, and the remaining amount for general corporate purposes. The promoters were Sriram Natarajan, Chandrasekhar Bhaskaran Nair, Sangeetha Sriram, Shiva Sriram, Sowmya Sriram and Exxora Trading LLP. The promoters and promoter group held an aggregate of 5,25,97,450 equity shares, aggregating to 46.65% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding was expected to be around 43.01%. Molbio Diagnostics is a point-of-care diagnostics company focused on rapid, accurate and cost-effective disease detection through its flagship portable PCR-based Truenat platform. The company offers molecular diagnostic solutions across infectious and non-communicable diseases and has expanded into digital imaging, digital pathology and breast health screening through acquisitions, investments and partnerships. As of 31 March 2026, over 12,500 Truenat devices were installed across more than 90 countries, with revenue primarily generated from devices and recurring sales of proprietary Truenat test kits. In FY26, devices, test kits and other products contributed 14.53%, 73.98% and 11.49% of total sales, respectively, while exports accounted for 9.6% of revenue. The company plans to expand its product portfolio, international presence and diagnostic capabilities through new assays, POC platforms, strategic acquisitions, partnerships and the planned Centre of Excellence in Bengaluru. Ahead of the IPO, Molbio Diagnostics on, 07 August 2026, raised Rs 281.45 crore from anchor investors. The board allotted 34.87 lakh shares at Rs 807 each to 33 anchor investors. The firm reported a consolidated net profit of Rs 166.59 crore and sales of Rs 1,445.69 crore for the twelve months ended on 31 March 2026. First Published: Aug 13 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 185.19 crore shares as against 2.49 crore shares on offer. The qualified institutional buyers' (QIB) portion was subscribed 212.92 times, while the non-institutional investors' (NII) category was subscribed 51.93 times. The retail individual investors' (RII) segment was subscribed 8.12 times. The issue opened for bidding on 10 August 2026 and closed on 12 August 2026. The price band of the IPO is fixed between Rs 829 and 871 per share. The IPO comprised a fresh issue of equity shares worth up to Rs 1,400 crore and an offer for sale of 1,91,37,602 equity shares aggregating up to Rs 1,666.89 crore by existing shareholders BC Asia Investments XV and Mangalam Capital. The objectives of the fresh issue included Rs 464.8 crore for repayment of certain outstanding borrowings, Rs 301.77 crore for investment in certain subsidiaries, namely Dhoot Autocomponents, Dhoot Automotive Systems and Dhoot Transmission UK, Rs 150 crore for setting up a new wiring harness manufacturing plant at Shoolagiri, Hosur, Tamil Nadu, and the remaining amount for acquisitions and general corporate purposes. Ahead of the IPO, Dhoot Transmission on Friday, 07 August 2026, raised Rs 918.26 crore from anchor investors. The board allotted 10.54 lakh shares at Rs 871 each to 72 anchor investors. Dhoot Transmission is an electrical and electronics (E&E) company engaged in the design, engineering, manufacturing, and supply of wiring harnesses and electrical distribution systems for automotive and non-automotive applications. Its diversified product portfolio comprises wiring harnesses, battery packs, sensors and electronic controllers, automotive switches, terminals, connectors, and power supply cords, catering to both internal combustion engines (ICE) and electric vehicle (EV) platforms across various customer segments. Products such as side stand sensors and temperature sensors are currently under development. In FY26, wiring harnesses accounted for 77.08% of total revenue, while other products contributed 22.92%. EV-related products comprised 24.17% of the companys total revenue during the year. The firm reported a consolidated net profit of Rs 396.65 crore and sales of Rs 4,524.96 crore for the twelve months ended on 31 March 2026. First Published: Aug 13 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Astral surged 7.31% to Rs 1,565.55 after the company reported strong financial performance for Q1 FY27. EBITDA increased 25.8% YoY to Rs 244 crore in Q1 FY27. EBITDA margin improved to 15.5% from 14.3% in Q1 FY26. Profit before tax increased 48.27% YoY but declined 45.11% QoQ to Rs 162.80 crore in Q1 FY27. Total expenditure increased 13.94% YoY but declined 20.08% QoQ to Rs 1,422.20 crore. Raw material consumed increased 27.84% YoY to Rs 1,116.30 crore. Employee expenses increased 19.45% YoY to Rs 169.50 crore. Interest expense declined 52.85% YoY to Rs 5.80 crore. Depreciation increased 4.87% YoY to Rs 75.40 crore. Tax expense increased 39.22% YoY to Rs 42.60 crore. Plumbing business revenue from operations increased 10.1% YoY to Rs 1,050.5 crore in Q1 FY27 from Rs 953.9 crore in Q1 FY26, while segment EBITDA rose 26.7% YoY to Rs 198.3 crore. Segment EBITDA margin improved to 18.9% from 16.4% in Q1 FY26, while sales volume increased 0.1% YoY to 56,146 MT. During Q1 FY27, the company increased its pipes and fittings production capacity from 4,17,645 MT to 4,21,497 MT. The company expects its 40,000 MT CPVC resin plant to be ready by December 2026, with trial runs planned in Q4 FY27 and full benefits expected from FY28. Paints and adhesives revenue from operations increased 29.5% YoY to Rs 527.5 crore in Q1 FY27 from Rs 407.3 crore in Q1 FY26, while segment EBITDA rose 21.9% YoY to Rs 45.7 crore. Segment EBITDA margin stood at 8.7% compared with 9.2% in Q1 FY26. Adhesive India sales grew 24.9% YoY, while overseas adhesive sales rose 26% YoY. The paint business recorded 48.7% YoY sales growth with EBITDA at break-even. The acquisition of a 60% partnership interest in Differentiated & Sustainable Solutions LLP ("DSS") contributed Rs 6.7 crore in sales and Rs 0.9 crore in EBITDA during the quarter. The company's consolidated cash, including cash equivalents, and bank balances stood at Rs 466.60 crore as of 30 June 2026. Astral is one of India's leading building materials companies, with a diversified presence across essential construction and infrastructure product categories. First Published: Aug 13 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 13 2026 | 9:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 13 2026 | 9:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty traded below the 24,350 mark, while sentiment remained subdued amid a lack of strong directional cues. Investors continued to monitor movements in crude oil prices, Gold and developments on the global geopolitical front for further indications on the market's near-term trajectory. Barring the media index, all sectoral indices on the NSE traded in the red, led by declines in pharma, PSU Bank and consumer durables stocks. At 09:25 IST, the barometer index, the S&P BSE Sensex declined 179.88 points or 0.23% to 77,785.81. The Nifty 50 index fell 91.65 points or 0.38% to 24,344.30. The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.25% and the BSE 250 SmallCap Index jumped 0.30%. The market breadth was strong. On the BSE, 1,834 shares rose and 1,190 shares fell. A total of 215 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 1,002.50 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 5,841.66 crore in the Indian equity market on 12 August 2026, provisional data showed. Numbers to Track: The yield on India's 10-year benchmark federal paper was unchanged at 6.777. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.3600 compared with its close of 95.3325 during the previous trading session. MCX Gold futures for 5 October 2026 settlement shed 0.05% to Rs 1,54,808. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.01% to 100. The United States 10-year bond yield advanced 0.60% to 4.664. In the commodities market, Brent crude for October 2026 settlement fell 72 cents or 0.81% to $88.26 a barrel. Stocks in Spotlight: GMR Airports declined 0.82%. The company reported consolidated net profit of Rs 91 crore in Q1 FY27, compared with a loss of Rs 211.6 crore in Q1 FY26. Consolidated revenue rose 23.7% YoY to Rs 3,964 crore from Rs 3,205.2 crore. Gujarat Pipavav Port added 2.07% after the company reported a 41.8% YoY increase in consolidated net profit to Rs 147.9 crore in Q1 FY27, compared with Rs 104.3 crore in Q1 FY26. Consolidated revenue rose 32.6% YoY to Rs 331.8 crore from Rs 250.1 crore. Lenskart Solutions jumped 4.67% after the company reported a 269.2% YoY surge in consolidated net profit to Rs 221.8 crore in Q1 FY27, compared with Rs 60.1 crore in Q1 FY26. Consolidated revenue increased 43.3% YoY to Rs 2,714.2 crore from Rs 1,894.5 crore. Global Markets: Asian stocks rose on Thursday after U.S. inflation data came in as expected, dampening expectations of further near-term Federal Reserve rate hikes. U.S. consumer prices increased 0.1% in July, in line with widely reported expectations, data showed on Wednesday. The small increase could weaken the argument for an interest rate increase ??from the Fed next month. Money markets are predicting a 40% chance of a rate hike, down from 54% a week ago, according to CME Group's FedWatch. Meanwhile, oil held near $88 a barrel as Washington and Tehran remained deadlocked over efforts to end the Gulf war. Wall Street ended mixed overnight, with the Nasdaq Composite and the S&P 500 eking out small gains while the Dow Jones Industrial Average slipped. Upbeat quarterly results from CoreWeave and other AI infrastructure firms coupled with mild inflation data provided support to the investor sentiment. The S&P 500 climbed 0.26% to end the session at 7,748.50 points. The Nasdaq gained 0.54% to 26,588.49 points for the session, while the Dow Jones Industrial Average declined 0.04% ??to 53,770.27 points. CoreWeave surged 19% after the AI cloud company lifted its annual capital spending forecast and topped second-quarter earnings estimates. Data center operators also rose, with IREN gaining almost 10% and Applied Digital up 4.9%. Data center company Nebius Group jumped 34%, helped by second-quarter results that beat expectations. Super Micro Computer surged 19% after the AI server maker forecast fiscal 2027 revenue above Wall Street expectations. Chipmakers also gained, with Nvidia rising 3% and Micron Technology adding 4.9%. First Published: Aug 13 2026 | 9:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.27% to Rs 20.24 crore First Published: Aug 13 2026 | 9:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 67.50% to Rs 21.85 crore First Published: Aug 13 2026 | 9:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 34.18% to Rs 93.50 crore First Published: Aug 13 2026 | 9:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 138.77% to Rs 7.76 crore First Published: Aug 13 2026 | 9:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 83.90% to Rs 0.71 crore First Published: Aug 13 2026 | 9:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 5.75% to Rs 2.46 crore First Published: Aug 13 2026 | 9:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Aug 13 2026 | 9:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 0.08 crore First Published: Aug 13 2026 | 9:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 46.43% to Rs 0.82 crore First Published: Aug 13 2026 | 9:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Aug 13 2026 | 9:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 13 2026 | 8:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Technical view: Indian Bank, PB Fintech, Shriram Finance show bullish setup First Published: Aug 13 2026 | 8:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vascon Engineers has received a work order worth Rs 126.39 crore from the Executive Engineer, Public Works Department, Arvi Division, Wardha-Nagpur, Maharashtra, for the development of a 300-bed general hospital at Wardha-Nagpur. Vascon Engineers is a Pune-based player engaged in engineering, procurement, and construction (EPC), real estate construction, and development. The company reported an 83.54% decline in consolidated net profit to Rs 5.72 crore in Q4 FY26 compared with Rs 34.77 crore in Q4 FY25. Net sales tumbled 34.61% YoY to Rs 253.08 crore in Q4 FY26. Share of Vascon Engineers fell 2.87% to close at Rs 31.17 on the BSE. First Published: Aug 13 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: Jio Financial, TMPV, Apollo Hospitals, LG Electronics, HAL First Published: Aug 13 2026 | 8:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices fell more than $1 on Thursday as forecasters lowered global oil demand projections for 2026 because of the disruptions from the US-Israeli war on Iran, though the supply constraints from the conflict provided a floor for the market. Brent futures ?dropped $1.29, or 1.5 per cent, at $87.69 a barrel by 0100 GMT. US West Texas Intermediate (WTI) crude fell $1.30, or 1.6 per cent, to $81.97. The Organisation of Petroleum Exporting Countries lowered its world oil demand growth forecast for 2026 to 580,000 barrels per day in its monthly oil market report on Wednesday. On the same day, the International Energy Agency said it expects a 1.6 million bpd contraction in consumption this year, down from a forecast of 1 million bpd last month, because of restricted fuel supplies and higher prices from the US-Israeli war on Iran that have curtailed demand. Oil prices were also ?under pressure from a surprise build in US commercial crude oil inventories, which posted their largest weekly gain since January 2023 last week as exports slumped, the Energy Information Administration said on Wednesday. Crude inventories rose by 17.4 million barrels to 424.4 million barrels in the week ended August 7, their highest since June 5, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.4 million-barrel draw. Still, the deadlocked talks between Iran and the US to end the war in the Gulf have kept ?prices elevated. A senior Iranian source said on Wednesday that there had been no progress in talks to revive the interim deal agreed in June and define a time ?frame to implement it. Attacks on shipping in the Strait of Hormuz and the Bab el-Mandeb Strait ?on Tuesday, two crucial export routes for Middle Eastern oil and gas, highlight the risks that remain for crude supply from the region. "The safety situation for navigation ?in these waters has further deteriorated, forcing vessels to turn off their signals, which reduces transparency in shipping and makes it more difficult for the market to track and ?assess actual supply levels," analysts at Haitong Futures said in a note. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 13 2026 | 7:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex may open on a negative note amid mixed global cues. Brent crude halted a six-day rally on lower demand forecast. First Published: Aug 13 2026 | 7:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Digital payments firm Paytm said late on Wednesday its top management got a notice from India's markets regulator over the timing of its 2023 announcement curbing small personal loans following a ?central bank clampdown. Paytm's key management personnel, which include CEO Vijay Shekhar Sharma and CFO Madhur Deora, received the so-called show cause notice from the Securities and Exchange Board of India on Tuesday. They have 14 days to respond to the notice. Here are some details: The company, in a statement on December 6, 2023, said it would issue fewer sub-?50,000 (about $525) personal loans, after the ?Reserve Bank of India tightened rules on consumer lending. Paytm's announcement led to a 20 per cent drop in its shares the next trading day. About three weeks prior, the RBI had tightened rules for personal loans, in the form of higher capital requirements, amid concerns over a surge in small-value loans. Paytm shares fell about 1.9 per cent after the order before making ?a recovery over the next few days. However, in the eight days leading up to Paytm's December 6 ?announcement, its shares dropped about 12 per cent. On Wednesday, Paytm said it ?does not expect any financial impact from the show cause notice. Sebi's show cause notice is meant to ?seek responses from accused persons and entities in a probe. If upheld, they could face monetary penalties or restrictions under Indian ?securities regulations. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 13 2026 | 7:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vijaya Diagnostics, Vodafone Idea, PNB: Key levels to watch First Published: Aug 13 2026 | 7:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty outlook: 24,190-24,050 crucial support zone; BHEL, Aarti Ind in focus First Published: Aug 13 2026 | 7:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian stocks rose on Thursday after US inflation data came in as expected, dampening expectations of further near-term Federal Reserve rate hikes, while oil held near $80 a barrel as Washington and Tehran remained deadlocked over efforts to end the Gulf war. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.97 per cent, led by South Korean shares jumping 4.4 per cent. ?Japan's Nikkei gained 1.86 per cent, while S&P 500 E-minis were up 0.02 per cent. US consumer prices increased 0.1 per cent in July, in line with expectations, data showed on Wednesday. The small increase could weaken the argument for an interest rate increase from the Fed next month. Money markets are predicting a 40 per cent chance of a rate hike, down from 54 per cent a week ago, according to CME Group's FedWatch. With August CPI data due before next month's Federal Open Market Committee meeting and crude oil futures rising moderately since July, "both the Fed and markets will likely want to assess the data right up until just before the September FOMC," said Den Miki, senior rate strategist at SMBC Nikko Securities, in a note. Wall Street ended mixed overnight, with the Nasdaq ?Composite and the S&P 500 eking out small gains while the Dow Jones Industrial Average slipped. [.N] Oil prices eased but remained elevated in Asia. US crude fell 0.83 per cent to $82.58 a barrel and Brent fell to $88.35 per barrel, down 0.71 per cent on the day. Iran and the US remained at loggerheads over efforts to agree a permanent end to the war in the Gulf, with talks to revive a June interim agreement making no headway and no timetable set for its implementation, a senior Iranian source said. President Donald Trump said the US has "total control" over the Strait of Hormuz, a claim swiftly rejected by Iran, which said the route remained blocked. Against the yen, the dollar softened 0.06 per cent to 159.32, ?amid growing speculation that the Bank of Japan would hike interest rates next month, earlier than the previously expected December timeline. Those expectations were reinforced by Japan's wholesale prices, which rose 7.2 per cent in July from a year earlier, ?highlighting broadening price pressures. The dollar index, which measures the greenback against a basket of currencies including the yen and ?the euro, was steady at 99.93. The yield on benchmark US 10-year notes rose 0.62 basis points to 4.688 per cent, from 4.682 per cent late on Wednesday. Reserve Bank of Australia Assistant Governor Christopher Kent said the three cash rate increases earlier this year were having their ?intended effects and would, over time, discourage spending. Speaking at a Reuters NEXT Newsmaker event in Sydney, Kent said it would take "some time for tighter monetary policy to have its full effect on economic activity and inflation." The ?Australian dollar held broadly versus the greenback at $0.7062. Spot gold rose 0.28 per cent to $4,419.28 an ounce and spot silver gained 0.3 per cent to $65.50 an ounce. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 13 2026 | 7:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Divgi Torqtransfer Systems surged 17.60% to Rs 1,249.30 after the company reported strong financial performance for Q1 FY27. Revenue from operations rose 91.21% year on year to Rs 137.1 crore in Q1 FY27 from Rs 71.7 crore in Q1 FY26. Revenue increased 27.42% quarter on quarter from Rs 107.6 crore in Q4 FY26. Gross profit rose 83.44% year on year to Rs 88.6 crore in Q1 FY27 from Rs 48.3 crore in Q1 FY26. It increased 21.20% quarter on quarter from Rs 73.1 crore in Q4 FY26. Gross profit margin stood at 62.5% in Q1 FY27 compared with 62.9% in Q1 FY26 and 64.3% in Q4 FY26. EBITDA jumped 117.80% year on year to Rs 41.6 crore in Q1 FY27 from Rs 19.1 crore in Q1 FY26. On a sequential basis, EBITDA rose 49.64% from Rs 27.8 crore in Q4 FY26. EBITDA margin improved to 29.4% in Q1 FY27 from 24.9% in Q1 FY26 and 24.5% in Q4 FY26. EBIT rose 179.34% year on year to Rs 33.8 crore in Q1 FY27 from Rs 12.1 crore in Q1 FY26 and 66.50% quarter on quarter from Rs 20.3 crore in Q4 FY26. Profit before tax stood at Rs 33.8 crore in Q1 FY27, up 67.33% in Q4 FY26 and 179.34% in Q1 FY26. Raw material costs rose 86.67% year on year to Rs 53.2 crore in Q1 FY27 from Rs 28.5 crore in Q1 FY26. Employee benefit expenses stood at Rs 13.5 crore in Q1 FY27, up 62.65% year on year from Rs 8.3 crore in Q1 FY26, while declining 5.59% quarter on quarter from Rs 14.3 crore in Q4 FY26. Depreciation and amortisation stood at Rs 7.8 crore in Q1 FY27, up 13.04% year on year from Rs 6.9 crore in Q1 FY26 and 2.63% quarter on quarter from Rs 7.6 crore in Q4 FY26. Interest expense stood at Rs 0.1 crore, unchanged year on year and quarter on quarter. Management said Q1 FY27 marked a strong start to the year, with improving business momentum, increasing scale and operating leverage. The company delivered its highest-ever quarterly performance, with total income of around Rs 142 crore. The performance was driven by strong transfer case volumes, healthy traction in components and exports, and a stronger revenue mix. EBITDA stood at around Rs 42 crore, with margins of around 30%, supported by favourable product mix, higher-margin transfer case products, export contribution and operating leverage. The company said it remains focused on converting opportunities built over the past few years into sustainable and profitable growth. The company expects near-term growth from its EV transmission, component and core product businesses. In EV transmissions, production ramp-up is expected with several models of a leading Indian EV manufacturer, with series production supplies and manufacturing/SOP expected to start in Q2 FY27. In the component business, the company is focusing on exports and expanding its product portfolio with a global Tier-1 North American transfer-case manufacturer, with final production approval for all export parts and additional revenue potential of around Rs 10-12 crore per month. In its core portfolio, the company is evaluating a US manufacturing footprint for transfer cases, while advancing proof of concept for automatic transmissions and commercial feasibility for manual transmissions for commercial truck applications. Over the long term, the company sees significant growth potential across its 4-wheel drive, manual transmission and synchronizer, EV transmission, automatic and hybrid transmission, and export businesses. It estimates annual revenue potential of around Rs 300 crore each from 4-wheel drive and manual transmission and synchronizer systems, Rs 250 crore from EV transmissions, Rs 1,000 crore from automatic and hybrid transmissions, and Rs 200 crore from exports. The strategy includes investing in next-generation products, developing indigenous transmission solutions, partnering with global Tier-1 players, building local capabilities and expanding its presence across India and overseas markets including the US, EU, South Africa, Indonesia and Thailand. Divgi Torqtransfer Systems is Indias largest EV transmission manufacturer. It provides solutions for manual transmission and automatic transmission. The company specialises in crafting drivetrain systems and related components for a diverse array of vehicles, spanning passenger cars, utility vehicles, commercial vehicles, and agri-cultural machinery. First Published: Aug 12 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 96.32 crore shares as against 11.49 crore shares on offer. The qualified institutional buyers' (QIB) portion was subscribed 16.84 times, while the non-institutional investors' (NII) category was subscribed 12.64 times. The retail individual investors' (RII) segment was subscribed1.71 times, and the employees' portion was subscribed 10.99 times. The issue opened for bidding on 07 August 2026 and it closed on 11 August 2026. The price band of the IPO was fixed between Rs 151 and 159 per share. The issue comprised both offer for sale by existing shareholders and fresh issue of shares. The fresh issue comprised issue of equity share of Rs 1 face value, aggregating to Rs 480 crore. And the offer for sale comprised sale of equity shares by promoters and promoter group shareholders aggregating up to Rs 2,000 crore. Of the net proceeds from fresh issue the company intends to use Rs 360 crore towards re/pre=payment (in full or part) of certain borrowings availed by the company and balance towards general corporate purposes. Leap India (LIL), promoted by Sunu Mathew, a technocrat, is the largest on-demand asset pooling provider in Indias supply chain management sector. LILs portfolio includes a diverse range of assets such as pallets, containers and MHEs, among others. LIL were the first company in India to introduce passive RFID-tagged containers. It is also in the process of tagging recently Chep acquired Assets with passive RFID tags. Taron, its subsidiary, is recognized as the leading forklift pooling player and a leader in the lithium-ion segment of MHEs, having been the first to introduce these solutions in India. Its customer list includes reputed companies such as Hindustan Coca-Cola Beverages, Marico, Toll (India) Logistics, Daikin Air-conditioning India etc. Ahead of the IPO, Leap India (LIL) on Thursday, 06 August 2026, raised Rs 743.62 crore from anchor investors. The board allotted 4.67 crore shares at Rs 159 each to 32 anchor investors. The firm reported a consolidated net profit of Rs 84.68 crore and sales of Rs 1,167.65 crore for the twelve months ended on 31 March 2026. First Published: Aug 12 2026 | 10:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Ardee Industries were currently trading at Rs 71.05 at 10:05 IST on the BSE, representing a premium of 34.06% as compared with the issue price of Rs 53. So far, the stock has hit a high of Rs 660 and a low of Rs 634.55. On the BSE, over 26.91 lakh shares of the company were traded in the counter so far. The initial public offer of Ardee Industries was subscribed 133.66 times. The issue opened for bidding on 05 August 2026 and it closed on 07 August 2026. The price band of the IPO is fixed between Rs 50 and 53 per share. The IPO comprised a fresh issue of equity shares worth up to Rs 320 crore and an offer for sale of 1,99,75,000 equity shares aggregating up to Rs 105.87 crore by existing shareholders, namely Sandeep Aggarwal and Nikunj Aggarwal. The objectives of the fresh issue included Rs 220 crore for funding working capital requirements, Rs 20 crore for repayment/prepayment of certain borrowings, and the remaining amount for general corporate purposes. The promoters were Sandeep Aggarwal, Nikunj Aggarwal and Esha Gupta. The promoters and promoter group held an aggregate of 23,31,25,700 equity shares, aggregating to 91.48% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding was expected to be around 67.62%. Ardee Industries is engaged in the recycling and refining of non-ferrous metals, primarily lead and lead alloys, through the recovery of end-of-life batteries and metal scrap. The company caters to the energy storage, automotive, e-mobility and industrial sectors; exports its products to multiple countries, and operates a lead recycling facility in Andhra Pradesh with an installed capacity of 156,950 MTPA. It is also planning to expand its recycling capacity and diversify into plastic, tin and copper recycling. Ahead of the IPO, Ardee Industries, on 04 August 2026, raised Rs 127.75 crore from anchor investors. The board allotted 2.41 crore shares at Rs 53 each to 7 anchor investors. The firm reported a consolidated net profit of Rs 84.68 crore and sales of Rs 1,167.65 crore for the twelve months ended on 31 March 2026. First Published: Aug 12 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
N Chandrasekaran First Published: Aug 12 2026 | 10:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Unlocking PLI incentive of up to Rs 7,240 cr Ola Electric Mobility today announced that the Ministry of Heavy Industries (MHI), Government of India, has approved revised timelines under the ACC Production Linked Incentive Scheme for Ola Cell Technologies (OCT), its wholly owned subsidiary. The MHI revision is much more than a timeline extension. The approval secures a full five year PLI window through CY2031 for Ola Electric's 20 GWh allocation and unlocks up to Rs 7,240 crore in cumulative PLI incentives. Disbursements will be made quarterly, beginning next quarter, creating a recurring incentive stream as Ola Electric scales its cell business. Ola Electric currently has 2.5 GWh of installed cell-manufacturing capacity, with a further 3.5 GWh under installation. The company will reach 6 GWh by the end of the current quarter, achieving the initial installed-capacity milestone well ahead of the revised December 2026 timeline. The MHI decision has effectively extended the original timelines by two years. Lithium cells are becoming a foundational technology across electric mobility, energy storage, drones, robotics and next-generation industrial systems. Building these capabilities in India will strengthen the country's energy security and technology independence while creating a globally competitive domestic battery ecosystem. Ola Electric is building a multi-chemistry cell platform spanning NMC and LFP technologies, supported by indigenous R&D, increased localisation of battery materials, improved manufacturing yield, and closed-loop material recovery. First Published: Aug 12 2026 | 10:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 12 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GCPL Sudhir Sitapati resigns: Stock crashes 10% on Wednesday. First Published: Aug 12 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Delta Corp fell 2.14% to Rs 62.16 after the company reported a consolidated net loss of Rs 212.42 crore in Q1 FY27, compared with a net profit of Rs 29.46 crore in Q1 FY26. The company reported profit before exceptional items and tax of Rs 27.74 crore in Q1 FY27, compared with Rs 37.57 crore in the same period last year. The company reported an exceptional loss of Rs 306.73 crore during the quarter. Total expenses declined 4.97% to Rs 150.40 crore in Q1 FY27 from Rs 158.27 crore in Q1 FY26. Cost of material consumed stood at Rs 13.93 crore (down 2.04% YoY), employee benefit expenses were at Rs 42.96 crore (up 7.37% YoY), and license fees & registration charges stood at Rs 27.41 crore (down 9.33% YoY) during the period under review. On the segmental front, revenue from the casino gaming division declined 12.08% YoY to Rs 151.85 crore in Q1 FY27, while revenue from the hospitality division rose 37.92% YoY to Rs 16.55 crore during the quarter. Meanwhile, the companys board recommended a final dividend of Rs 0.50 per equity share, subject to approval of shareholders at the ensuing AGM. The board fixed Monday, 17 August 2026, as the record date for determining shareholders entitlement to the final dividend. Delta Corp is engaged in the casino (live, electronic, and online) gaming industry in India. The company is engaged in diversified segments like casino gaming, online gaming, hospitality, and real estate. First Published: Aug 12 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bata India surged 4.75% to Rs 732.70 after the company reported 23% jump in consolidated net profit to Rs 63.98 crore on a 3.9% rise in revenue to Rs 978.95 crore in Q1 FY27 as compared with Q1 FY26. Total operating expenditure increased by 3.6% to Rs 774.98 crore in Q1 FY27 over Q1 FY26, primarily due to higher finished goods purchases (up 12.2% YoY) and higher other expenses (up 12.9% YoY). Profit before tax in Q1 FY27 stood at Rs 85.90 crore, down 22.6% from Rs 70.07 crore in Q1 FY26. The company stated that continued focus on operational efficiency, disciplined cost management and sharper execution across channels, enabled operating cash profit of Rs 216.6 million for the quarter, reflecting an increase of 7.6% over the previous year. The board of Bata has also announced an interim dividend of Rs 25 per share, amounting to Rs 321.3 million. Gunjan Shah, managing director and CEO, Bata India, said: Continuing on the growth momentum for third consecutive quarter, we are pleased to report a topline growth of 4% in Q1FY27, led by blend of premiumization and volume growth. The growth is supported by strong consumer engagement with our advertising investments up by nearly 25%. We successfully navigated the global geopolitical situation impacting freight costs, shipping and transit time. Inventory metrics continued to improve both in terms of quantity and quality, with gross inventory lower by over 10% as compared with 30 June 2025. Zero Base Merchandising Project was scaled to 775 stores delivering exciting results on consumer experience and revenue per square feet. We delivered a healthy gross margin gain of 130 basis points, with highest full price sale and lower markdowns. Growth was broad-based, with all channels contributing positively, with significant growth in ecommerce, he added. Bata India (BIL) is one of the largest footwear manufacturers in India and sells a wide range of footwear in canvas, rubber, leather and plastic. The company has four manufacturing units at Batanagar (Kolkata), Bataganj (Bihar), Peenya (near Bangalore), and Hosur (Tamil Nadu). BIL sells footwear under the Bata brand through more than 2,053 retail outlets across India and a large number of other outlets, served by various Bata dealers. First Published: Aug 12 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Godrej Consumer Products Ltd has lost 14.25% over last one month compared to 0.02% gain in BSE Fast Moving Consumer Goods index and 0.83% rise in the SENSEX Godrej Consumer Products Ltd lost 10% today to trade at Rs 916.2. The BSE Fast Moving Consumer Goods index is down 0.34% to quote at 18260.66. The index is up 0.02 % over last one month. Among the other constituents of the index, Piccadily Agro Industries Ltd decreased 6.9% and Allied Blenders & Distillers Ltd lost 1.37% on the day. The BSE Fast Moving Consumer Goods index went down 9.88 % over last one year compared to the 2.46% fall in benchmark SENSEX. Godrej Consumer Products Ltd has lost 14.25% over last one month compared to 0.02% gain in BSE Fast Moving Consumer Goods index and 0.83% rise in the SENSEX. On the BSE, 29784 shares were traded in the counter so far compared with average daily volumes of 66318 shares in the past one month. The stock hit a record high of Rs 1308.4 on 04 Sep 2025. The stock hit a 52-week low of Rs 916.2 on 12 Aug 2026. First Published: Aug 12 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 12 2026 | 9:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 7.50% to Rs 200.26 crore First Published: Aug 12 2026 | 9:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 9.99% to Rs 34.56 crore First Published: Aug 12 2026 | 9:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 2.05% to Rs 122.76 crore First Published: Aug 12 2026 | 9:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 33.31% to Rs 157.49 crore First Published: Aug 12 2026 | 9:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 18.30% to Rs 970.77 crore First Published: Aug 12 2026 | 9:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Aug 12 2026 | 9:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 24.84 crore First Published: Aug 12 2026 | 9:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 29.88% to Rs 437.01 crore First Published: Aug 12 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 16.64% to Rs 85.35 crore First Published: Aug 12 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Both benchmark contracts settled more than $1 higher on Tuesday, marking their highest closes since July 31 Oil prices rose on Wednesday morning as doubts about a US-Iran peace deal and attacks on two ships fuelled concerns about Middle East supply disruptions, even as industry data showed US crude inventories expanded. Brent futures gained 72 cents, or 0.81 per cent, to $89.63 a barrel ?by 0053 GMT, while US West Texas Intermediate (WTI) crude climbed 71 cents, or 0.85 per cent, to $83.91. Both benchmark contracts settled more than $1 higher on Tuesday, marking their highest closes since July 31 and extending gains after jumping about 5 per cent on Monday as hopes for a peace deal between the US and Iran began to fade. The United States and Yemen's Iran-aligned Houthis reported separate attacks on shipping in the Strait of Hormuz and the Bab el-Mandeb Strait on Tuesday. Iran's top security official, Mohsen Rezaei, said on Tuesday that the vital Strait of Hormuz shipping route would remain closed unless the US accepted ?Iran's conditions for ending the war, including the release of frozen Iranian assets and an end to other conflicts across the region. Shipping data showed that traffic through the Strait of Hormuz dropped to six vessels on Monday, compared with a 10-day average of about 11. Before the war, daily traffic through the waterway averaged 125 to 140 vessels. On the supply front, a Reuters poll showed on Tuesday that US crude oil and fuel inventories were expected to have fallen last week. However, market sources citing American Petroleum Institute data said US crude inventories ?rose sharply in the week ended August 7, while gasoline and distillate stocks fell. Crude stocks rose by about 9.1 million barrels, while gasoline and distillate inventories fell by 1.5 million ?barrels and 596,000 barrels, respectively, from the previous week, the sources said. The crude build far exceeded ?expectations and, if confirmed by the EIA report later on Wednesday, could ease market concerns about supply tightness, Haitong Futures said in a note. Official numbers from the EIA, the ?statistical arm of the US Department of Energy, are due at 10:30 a.m. ET (1430 GMT) on Wednesday. As for longer-term supply, the EIA expected disruptions of about 600,000 barrels per day ?to Middle East crude oil supplies to persist through the end of 2027. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 12 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: Tata Motors, Glenmark Pharma, IRCTC, Senco Gold, BEML First Published: Aug 12 2026 | 8:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Capital, Orient Electric: HDFC Securities shares trading strategy First Published: Aug 12 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BEML announced that it has secured an order worth Rs 184.25 crore from Hindustan Aeronautics (HAL) for the manufacture and supply of Light Combat Helicopter (LCH) fuselage aerostructures. The company's consolidated net profit declined 37.46% to Rs 179.82 crore in Q4 FY26 from Rs 287.55 crore in Q4 FY25. Revenue from operations increased 8.57% YoY to Rs 1,794.17 crore in Q4 FY26. Shares of BEML rose 1.03% to close at Rs 1,904.35 on the BSE. First Published: Aug 12 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex will likely to start the day on a tepid note. Most Asian markets were trading higher. First Published: Aug 12 2026 | 7:53 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty faces 24,500 hurdle; Divi's Labs, MCX, Eternal on analyst radar First Published: Aug 12 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 12 2026 | 12:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Initial public offerings (IPOs) First Published: Aug 11 2026 | 11:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 11 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Escorts Kubota rose 1.22% to Rs 3,122.20 after the company announced that its Agri Machinery Business Division will increase tractor prices across all its brands in August 2026. Escorts Kubota (EKL) is one of India's leading engineering conglomerates with eight decades of experience in manufacturing excellence. Aligned to its purpose of leading the existence of spreading prosperity & impacting lives, it has helped accelerate Indias socio-economic development through its presence across the high-growth sectors of agricultural mechanization and transformation of Indian construction. The company's consolidated net profit rose 17.1% to Rs 320.53 crore on 21.4% to Rs 2,968.16 crore in Q4 FY26 over Q4 FY25. First Published: Aug 11 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IRB Infrastructure Developers reported that its IRB Group recorded an approximately 26% year-on-year (YoY) increase in toll revenue to Rs 798 crore in July 2026, compared with Rs 633 crore in July 2025. Amitabh Murarka, Deputy CEO, IRB Infrastructure Developers, said, Our strong toll revenue performance during the month reflects the inherent strength of our expanded assets portfolio and the sustained economic activity across our corridors. Supported by healthy traffic growth, the addition of new TOT and BOT assets and tariff revision at the beginning of the year, we are well positioned to generate stronger revenue momentum in the coming quarters He further said, Looking ahead, we will continue to follow a disciplined capital allocation strategy, focusing on acquiring high-quality assets and creating sustainable, long-term value for our stakeholders. IRB is India's first integrated multinational transport infrastructure developer in the roads & highways segment. The company has a strong track record of constructing, tolling, operating, and maintaining around 19,000 lane kms Pan-India in its existence of more than 25 years in India. IRB Infrastructure Developers reported a 51.26% year-on-year rise in consolidated net profit to Rs 306.27 crore in Q1 FY27, compared with Rs 202.48 crore posted in the corresponding quarter last year. Revenue from operations increased 1.83% YoY to Rs 2,137.27 crore in the quarter ended 30 June 2026 from Rs 2,098.97 crore in Q1 FY26. Shares of IRB Infrastructure Developers rose 0.46% to Rs 19.62 on the BSE. First Published: Aug 11 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahindra’s domestic tractor sales had risen 20 per cent in April, 23 per cent in May and 12 per cent in June First Published: Aug 11 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gland Pharma stock hit a 4-year high post Q1 results. First Published: Aug 11 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kolte-Patil shares zoom 19% to hit fresh 52-wk high after Q1 turnaround First Published: Aug 11 2026 | 10:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KEC International declined 2.85% to Rs 461.95 after the company reported 42% fall in consolidated net profit to Rs 73 crore in Q1 FY27 from Rs 125 crore in Q1 FY26. Revenue for the period under review remained flat at Rs 5,024 crore. EBITDA fell by 17% year-on-year (YoY) to Rs 291 crore while EBITDA margin contracted by 120 basis points YoY to 5.8% in the June'26 quarter. Profit before tax in Q1 FY27 stood at Rs 90 crore, down 43% from Rs 159 crore in Q1 FY26. The company's year-to-date (YTD) order intake was Rs 6,303 crore across T&D, Civil, Renewables, Cables & Conductors and Transportation verticals. The current order book & L1 position as on 30 June 2026 stood at over Rs 40,000 crore. Net debt, including Acceptances, has been reduced by more than Rs 150 crore to Rs. 6,568 crore as on 30 June 2026 vis-vis 31 March 2026. Net working capital (NWC) has been reduced to 134 days as on 30 June 2026 as against 137 days as on 31 March 2026. Vimal Kejriwal, MD & CEO, KEC International, said: "We delivered a resilient performance for the quarter, by maintaining revenues, strengthening our order book, reducing debt and building a healthy growth pipeline, despite a challenging operating environment. The performance for the quarter could have been better but for the continued geopolitical disruptions in the Middle East, labour shortages and calibrated execution of water projects due to delayed payments. While certain near-term challenges persist, we believe they are largely transitory. With supply chains gradually normalising, labour availability improving, an Order Book and L1 position of over Rs. 40,000 crore, a robust tender pipeline exceeding Rs. 2 lakh crore, and strong opportunities across both domestic and international markets, we remain confident of delivering stronger execution and improved financial performance in the coming quarters." KEC International is a global infrastructure EPC company and part of the RPG Group. It operates across the power transmission and distribution, civil, transportation, renewables, oil & gas pipelines, and cables businesses. First Published: Aug 11 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Raymond, which owns brands such as Park Avenue and ColorPlus and counts clients including JCPenney and Charles Tyrwhitt, has already added ?fresh customers in Poland, Germany and France Raymond Lifestyle expects Europe to account for roughly a quarter of its exports in two years as the Indian apparel maker expands in the region to reduce reliance on the United States amid shifting trade policies, CEO Satyaki Ghosh said. The ?plan comes as Indian garment exporters reassess their dependence on the US market after tariff-related disruptions and position for higher demand following India's trade deals with Britain and Europe. The United States is India's biggest textile and apparel export market, accounting for just over a quarter of the country's total exports. Before US President Donald Trump's tariffs, the US accounted for 65 per cent of Raymond's total exports, compared with 17 per cent for Europe. Ghosh expects the US share to decline to 55 per cent-60 per cent, while Europe's rises to 20 per cent-25 per cent in two years. "Europe will grow ?faster for us," Ghosh told Reuters, adding Raymond's recent meetings with new customers in Europe were starting to bear fruit and, together with the trade deals, could provide a "double boom" to the business. European inquiries have risen by double digits following the trade deal announcements, Ghosh said, with about 30 per cent converting into orders - especially from the United Kingdom - and more in the pipeline. Raymond, which owns brands such as Park Avenue and ColorPlus and counts clients including JCPenney and Charles Tyrwhitt, has already added ?fresh customers in Poland, Germany and France, the CEO said. Exports made up a fifth of its revenue in fiscal 2026. India's total textile and apparel exports ?to European countries among its 10 largest markets rose 9 per cent to ?69,445 crores ($7.29 billion) ?in 2025-26, the first fiscal year after Trump's announcements of "reciprocal tariffs", while exports to the United States fell 7 per cent, government data showed. To meet rising orders ?from Europe, Raymond is stepping up production at its Ethiopia plant, with its Andhra Pradesh plant in southern India set to more than triple production lines to 10 ?over the next two years. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 11 2026 | 10:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ind-Swift Laboratories surged 18.19% to Rs 280.40 after reporting strong financial performance for the quarter ended 30 June 2026. Net sales rose 25.3% YoY and 12.8% QoQ to Rs 191.45 crore during the quarter. Profit before tax stood at Rs 32.56 crore in Q1 FY27, up 214.3% YoY and 172.2% QoQ. On the cost front, total expenses increased 6.3% YoY and 5.3% QoQ to Rs 165.60 crore. Raw material consumption rose 25.0% YoY to Rs 81.76 crore. Employee expenses increased 21.6% YoY to Rs 39.56 crore. Interest costs declined 38.3% YoY to Rs 0.71 crore, while depreciation and amortisation expenses increased 13.5% YoY to Rs 7.58 crore. Other income declined 47.5% YoY to Rs 7.65 crore but jumped 244.6% QoQ. Meanwhile, the board approved the sale of around 40 bighas, or approximately 10 acres, of land at Village Behra, Derabassi, Punjab, for Rs 17.50 crore. The land, which was earlier purchased for setting up a manufacturing facility, is being sold after being found unsuitable for a finished dosages facility under applicable international regulatory and registration requirements. The transaction is proposed to be completed within nine months, subject to the terms and conditions of the agreement. Ind-Swift Laboratories is engaged in the pharmaceutical business. It manufactures a wide range of formulations, including tablets, capsules, ointments, injectables, liquids and dry syrups. First Published: Aug 11 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dhoot Transmission or Molbio: Which IPO should investors invest in? First Published: Aug 11 2026 | 9:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 11 2026 | 9:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For development of sewage treatment plants Krystal Integrated Services in consortium with LC Infra Projects (lead member) has received two work orders from Government of Maharashtra, Urban Development Department, Maharashtra Urban Development Mission Directorate Swachh Maharashtra Mission (U) 2.0 for development of Sewage Treatment Plants (STPs), I & D and Sewer network on EPC basis for Revenue Division - Pune and Nagpur, under Bid Category II - ULBs having STP capacity 5 MLD & above. The aggregate contract value of the two work orders is Rs. 740.06 crore, including GST. The company's share in the consortium is 40%, aggregating to approximately Rs. 296.02 crore. The contracts are for a period of two years. First Published: Aug 11 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 8.97 crore First Published: Aug 11 2026 | 9:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 177.41% to Rs 11.79 crore First Published: Aug 11 2026 | 9:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 20.54% to Rs 46.07 crore First Published: Aug 11 2026 | 9:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 2.51% to Rs 39.59 crore First Published: Aug 11 2026 | 9:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 1.61% to Rs 11.01 crore First Published: Aug 11 2026 | 9:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Aug 11 2026 | 9:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 7.65% to Rs 28.98 crore First Published: Aug 11 2026 | 9:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 16.48% to Rs 33.65 crore First Published: Aug 11 2026 | 9:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brent crude futures edged up to hit $88.00 per barrel and US crude futures ticked up to $82.45, both the highest levels since July 31, after the contracts rallied roughly 5% on Monday Oil prices rose on Tuesday as negotiations between the US and Iran over a peace deal and the reopening of the Strait of Hormuz hit an impasse, while Asian shares drifted on protracted uncertainty over the global inflation outlook. US President Donald Trump on Monday responded to Iran's conditions for a peace deal with his own demands that Iran pay compensation for people killed in wars, attacks and protests, in a rhetorical escalation likely to complicate efforts to reopen ?the crucial waterway. Brent crude futures edged up to hit $88.00 per barrel and US crude futures ticked up to $82.45, both the highest levels since July 31, after the contracts rallied roughly 5 per cent on Monday. "We're now in a bit of a Mexican standoff, if you'd like, in terms of who blinks first," said Tony Sycamore, a market analyst at IG. "This is going to be almost a war of attrition now," he said. "You probably can see the (oil) market sitting around the $75-95 range while we wait to see who blinks first." The latest uptick in fuel costs raises the stakes for the US July consumer price report due on Wednesday, where expectations are for a monthly rise of 0.1 per cent in the headline reading and 0.2 per cent for the core measure. Any upside surprise could rekindle bets of a Federal Reserve rate hike next month, with the odds currently a coin toss. "We think the risks are skewed towards a hot print, which would probably drive a rebound in rate expectations and, potentially, renewed worries ?about stagflation," said Jonas Goltermann, chief markets economist at Capital Economics. "Overall, our assessment remains that the US economy is running a bit hotter than a 'goldilocks' situation. That points to higher interest rates." Trading of cash US Treasuries was closed in Asia on Tuesday owing to a holiday in Japan, but futures fell slightly, implying higher yields. Down Under, the Reserve Bank of Australia is due to announce its policy decision later on Tuesday, where expectations are for the central bank to keep rates on hold. MSCI's broadest index of Asia-Pacific shares outside Japan swung between losses and gains and was last up 0.2 per cent while South Korea's Kospi rose 0.3 per cent, as the latest escalation in Gulf hostilities kept market sentiment fragile. Nasdaq futures edged 0.28 per cent higher while S&P 500 futures added 0.1 per cent after Wall Street ended lower in Monday's cash session. EUROSTOXX 50 futures slipped 0.05 per cent, while FTSE futures and DAX futures were flat. Overnight, Nvidia said it has ?partnered with six major financial institutions to launch compute financing platforms aimed at raising over $500 billion in third-party capital for AI infrastructure, underscoring the scale of the sector's investment boom. "A small part of me was left wondering whether this is how it felt when sub-prime mortgages first became a mainstream ?product - the innovation that eventually helped trigger the GFC," said IG's Sycamore. In currencies, the yen was back in the spotlight, struggling on the weaker side of 159 ?per dollar and well away from last week's high of 155.20 following several suspected rounds of intervention, including a joint one by Japan and the United States. "The market likely remains vigilant about further joint US-Japan yen-buying intervention, so USD/JPY breaching 160 in the very near term ?seems unlikely," said analysts at Nomura in a note. "However, the latest price action indicates there are quite a lot of USD/JPY dip-buyers, after the pair reached the 156-157 range for the first time since May." The dollar got a marginal lift from the renewed climb in oil prices, keeping the ?euro away from a 1-1/2-month high as it last traded at $1.1546, while sterling eased from Monday's one-month top and changed hands at $1.3512. Elsewhere, spot gold was up 0.5 per cent to $4,409.81 an ounce. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 11 2026 | 8:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy today: Avalon Technologies, Healthcare Global; check targets First Published: Aug 11 2026 | 8:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The president's media company posted a massive loss in the second quarter and announced plans to ditch new business lines and refocus as a forum for users to post their views. Trump Media and Technology, the company behind the Truth Social platform, said Monday that it lost $238 million in the three months through June as it branched into businesses unrelated to media, including crypto. That was more than 10 times the loss from a year earlier. The per share loss widened to 86 cents from 8 cents. In a conference call after the earnings release, the new chief executive, Kevin McGurn, said a yearlong effort to expand by branching into several new industries including online betting and crypto would now be largely abandoned as he refocuses the business on its social media mission. "We made the disciplined choice to pivot in order to invest more time and resources in our most important initiatives," McGurn said. "We will say no to things or change course as warranted." Trump Media stock fell slightly in after-hours trading following the earnings report. The stock had fallen 8 per cent in regular trading. Key to McGurn's plan is a service called Truth API that offers early access to Wall Street trading firms to top posters on the Truth Social platform. That includes the user with most followers, President Donald Trump, who often moves markets by breaking major US policy shifts on the site. Trump Media has been attacked by good government watchdogs from the start of Trump's second term as a vehicle for him to profit off the presidency. The new service has only heightened those concerns, with Democrats vowing to investigate the paid service if they get control of Congress in the midterms. McGurn has dismissed such concerns, noting that other companies sell special, fast access to traders. "Providing licensed real-time public data through commercial APIs is a well-established business practice across the technology, financial information and media industries," he said. "This is no different." One previously announced new venture, nuclear fusion, will continue. McGurn said Trump Media hopes to close a previously announced merger with energy company TAE Technologies by the end of the year. "We continue to believe it's the single most important driver of long-term value for this company," McGurn said of the fusion business. Much of the damage last quarter was due to unrealized paper losses from the falling values of Trump Media's holdings of bitcoin and a crypto token called Cronos. Excluding those paper losses as well as taxes, interest and other items, so-called operating losses still increased, but much less than the unadjusted results -- a USD164 million loss from a USD44 million loss a year earlier. The new Truth API service is charging USD60,000 to USD100,000 a month, McGurn said, adding that Trump Media has already signed up 10 customers, mostly so-called high frequency trading firms that buy and sell in milliseconds "We're in the early innings," said McGurn, noting that the potential market was much bigger than traders, including data center companies, news organizations and developers of large language models. Ten customers translates into a big new revenue source for Trump Media, possibly bringing in between USD7 million to USD12 million a year, or roughly two to three times the company's entire revenue last year. In the second quarter, Trump Media posted USD1.7 billion in revenue, more than double from a year earlier. The company has USD1 billion in debt from special convertible notes that doesn't come due until 2028, but the lenders have an option to demand they be cashed out in November, a possible hit to finances though the company appeared to have ample cash. At the end of the quarter, Trump Media had more than USD400 million in cash and short-term investments. It also had USD1.2 billion in bitcoin and bitcoin-related assets. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 11 2026 | 8:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RailTel Corporation of India has received a work order worth Rs 119.18 crore from the Department of Posts for the provisioning and management of cloud services for Postal Life Insurance. RailTel Corporation of India was incorporated in 2000 to create a nationwide broadband, VPN, telecom and multimedia network, modernising the train control operations and safety systems of Indian Railways. It is a Navratna public sector undertaking (PSU) under the Government of India. RailTel's network currently passes through around 6,000 railway stations across the country, covering all major commercial centres. The companys standalone net profit marginally declined 0.48% to Rs 65.78 crore in Q1 FY27, compared with Rs 66.10 crore in Q1 FY26. Revenue from operations rose 20.09% to Rs 893.27 crore in Q1 FY27 from Rs 743.83 crore in the corresponding quarter last year. The counter rose 0.71% to end at Rs 290.55 on the BSE. First Published: Aug 11 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: Vi, Lupin, Zen Tech, BSE, Wipro, Adani Group stocks First Published: Aug 11 2026 | 7:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: the Nifty50 and the Sensex will open lower on Tuesday as the hopes for resolution between the US and Iran dimmed. First Published: Aug 11 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kotak Securities’ top trading bets: Narayana Hrudayalaya, Mrs Bectors Food First Published: Aug 11 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 11 2026 | 12:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Aug 10 2026 | 11:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 10 2026 | 10:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shivraj Singh Chouhan, Minister of Agriculture and Farmers Welfare of India First Published: Aug 10 2026 | 9:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 10 2026 | 9:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 10 2026 | 9:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 10 2026 | 9:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE’s inclusion is based on its higher six-month average free-float market capitalisation, which stood at ?1.40 trillion First Published: Aug 10 2026 | 9:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Aug 10 2026 | 8:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 10 2026 | 8:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 10 2026 | 8:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BOSCH Technology and services company Bosch Ltd on Monday reported a 36.8 per cent decline in consolidated net profit to Rs 704.9 crore in the first quarter ended June 30, impacted by a high base effect. The company had posted a consolidated net profit of Rs 1,115.3 crore in the corresponding quarter of the last fiscal, Bosch Ltd said in a regulatory filing. In the first quarter of the last fiscal, the company had recognised a total gain of Rs 556 crore on sale of its video solutions, access and intrusion, and communication systems business, it added. Its consolidated revenue from operations in the first quarter stood at Rs 5,841.9 crore against Rs 4,788.6 crore in the same period a year ago, the company said. Total expenses in the quarter under review were higher at Rs 5,125.8 crore compared to Rs 4,238.8 crore in the year-ago period, it added. "Our business performance in the first quarter is driven by sustained demand across segments, particularly in passenger cars and commercial vehicles, along with increased sales in key product categories," said Guruprasad Mudlapur, President of the Bosch Group in India, and Managing Director, Bosch Limited. Noting that India's automotive sector is undergoing a structural shift towards safer, cleaner and personalised vehicles, he said, "At Bosch, we are well positioned to support this transition by delivering high-value, future-ready solutions". In the first quarter, the company said overall product sales of the automotive segment increased by 25.7 per cent year-on-year. The power solutions business grew by 29 per cent, driven by a buoyant automotive market. The two-wheeler business grew 41.4 per cent, mainly led by growth in value-added EMS (electronics manufacturing services) products, increased sales to premium motorcycle platforms and steady demand from major domestic OEMs, it added. Bosch said its mobility aftermarket business increased 9.6 per cent, driven by strategic price positioning and the rollout of new schemes for key product categories, including lubricants and spark plugs. The 'beyond mobility' business grew by 12.6 per cent in net sales over the same quarter of the previous financial year, led by robust demand for core products in the power tools segment, the company said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 10 2026 | 7:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 10 2026 | 7:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 10 2026 | 7:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 10 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 10 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
CMS Info Systems (CMS) announced the appointment of William Poole VIII (Will Poole) as Additional Director (Independent). CMS runs an integrated platform spanning ATM management, retail & currency logistics, and technology & payments. Will brings to CMS's board four decades of building and scaling technology businesses, as a senior executive at Microsoft and most recently as a venture investor across emerging markets. His appointment comes as CMS accelerates its investments in Vision AI, data and automation. Will Poole is Managing Partner and Co-founder of Capria Ventures, a venture firm investing in technology founders across the Global South, and is the firm's Chief AI Evangelist. Before Capria, he spent over twelve years at Microsoft, rising to Corporate Vice President in charge of several business lines, including the USD 13 billion Windows desktop business, which represented two-thirds of the company's profits at the time. He also led Microsoft's effort to adapt its products for mass-market customers in emerging economies. Will joined Microsoft in 1996, when it acquired eShop, an e-commerce pioneer, which he co-founded. He is co-author of the upcoming Penguin book 'Flourishing with AI' and holds a B.S. in Computer Science from Brown University. First Published: Aug 10 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ramco Systems FZ - LLC, a subsidiary of Ramco Systems, announced that Royal Jordanian Airlines, the National carrier of the Hashemite Kingdom of Jordan, has selected Ramco's next-generation Aviation Software to support its next phase of growth, following a comprehensive evaluation of global aviation software solutions. With modules for Engineering and CAMO, Maintenance - Line, Hangar and Shop, Supply Chain Management, Safety, Quality and Compliance and MRO and Part Sales, Ramco Aviation Software provides Royal Jordanian with a single, unified digital platform that will enhance operational efficiency and ensure control and compliance through centralized technical documentation and audit-ready reporting. Ramco will also provide its digital enablers including digital task cards, mobility and dashboards, tailored to Royal Jordanian's operations that will enhance agility through real-time visibility and enable paperless operations. Ramco Aviation Software will integrate seamlessly with Royal Jordanian's existing IT landscape, ensuring a seamless flow of data across all functions. First Published: Aug 10 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wockhardt Pharmaceuticals firm Wockhardt Ltd on Monday reported a consolidated profit after tax of Rs 107 crore for the first quarter ended June 30, mainly due to strong revenue growth. The company had posted a consolidated net loss of Rs 108 crore in the corresponding period of the last fiscal, Wockhardt Ltd said in a regulatory filing. Its consolidated revenue from operations in the first quarter stood at Rs 929 crore against Rs 738 crore a year ago, it added. Total expenses in the quarter under review were higher at Rs 844 crore compared to Rs 770 crore in the year-ago period, it said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 10 2026 | 7:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wockhardt Pharmaceuticals firm Wockhardt Ltd on Monday reported a consolidated profit after tax of Rs 107 crore for the first quarter ended June 30, mainly due to strong revenue growth. The company had posted a consolidated net loss of Rs 108 crore in the corresponding period of the last fiscal, Wockhardt Ltd said in a regulatory filing. Its consolidated revenue from operations in the first quarter stood at Rs 929 crore against Rs 738 crore a year ago, it added. Total expenses in the quarter under review were higher at Rs 844 crore compared to Rs 770 crore in the year-ago period, it said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 10 2026 | 7:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities and Exchange Board of India (Sebi) First Published: Aug 10 2026 | 7:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Under WR-ER Inter-Regional Network Expansion Scheme - Part A Bajel Projects has been awarded two EPC orders for transmission line packages TL06 and TL02, both associated with the WR-ER Inter-Regional Network Expansion Scheme - Part A. Per the Company's project classification policy (inclusive of GST), TL06 qualifies as a Mega order (valued between Rs 300-400 crore) and TL02 as an Ultra Mega order (valued above Rs 400 crore). Scope of Work: Together, the two packages will reinforce inter-regional power evacuation capacity between the Western and Eastern Regions, strengthening grid connectivity across Chhattisgarh and Jharkhand and supporting the broader WR-ER corridor. First Published: Aug 10 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 10 2026 | 7:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rajeev Kale, President & Country Head - Holidays, MICE, Visa, Thomas Cook (India) said, Ahmedabad is a strategically important source market for us, both for Gujarat and the wider West India region, with strong year-round travel aspirations and an evolving appetite for new destinations and experiences. The launch of our new Nikol outlet reinforces our commitment to being closer to our customers and providing personalised, end-to-end travel solutions. As we look ahead, we will continue to strengthen our market-specific offerings, including direct-flight packages to Bhutan ex-Ahmedabad, as well as Gujarati-focused regional and festive group departures. We remain committed to deepening our presence in the region and look forward to cocurating meaningful and memorable travel experiences for our customers. First Published: Aug 10 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Punit Goenka, CEO, Zee Entertainment Enterprises First Published: Aug 10 2026 | 6:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Om Power Transmission announced that it has received a Letter of Intent (LoI) from Gujarat Energy Transmission Corporation (GETCO) for a contract worth Rs 24.03 crore. The project is scheduled to be executed within 12 months from the date of commencement. The company said the contract does not constitute a related-party transaction and that neither its promoters nor members of the promoter group have any interest in the award of the order. Om Power Transmission operates as an engineering, procurement, and construction (EPC) company focused on power transmission infrastructure. On the financial front, the company reported a 36.48% year-on-year increase in standalone net profit to Rs 16.65 crore in Q4 FY26 from Rs 12.20 crore in Q4 FY25. Revenue from operations rose 67.20% YoY to Rs 174.62 crore from Rs 104.44 crore during the same period. The counter shed 0.03% to Rs 170.05 on the BSE. First Published: Aug 10 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zydus Lifesciences announced the launch of REVAHALE (Revefenacin), India's first once-daily nebulised long-acting muscarinic antagonist (LAMA) indicated for the maintenance treatment of chronic obstructive pulmonary disease (COPD). The company said the therapy is designed to provide sustained 24-hour bronchodilation through a single daily dose. It is intended to address challenges associated with inhaler-based therapies, particularly among elderly patients and those with severe respiratory impairment. COPD is a major public health challenge in India and a leading cause of morbidity and mortality. According to the company, some patients face difficulties using handheld inhalers due to cognitive limitations, severe breathlessness or an inability to generate sufficient inspiratory effort for effective drug delivery. REVAHALE uses a nebulised delivery platform that reduces dependence on inhalation technique and inspiratory flow. The therapy is compatible with standard jet nebulisers, providing flexibility and ease of use for patients and caregivers. Zydus said clinical studies of revefenacin have demonstrated significant and sustained improvements in lung function among patients with moderate to very severe COPD, while maintaining a favourable safety profile. The drug is designed to provide sustained bronchodilation over 24 hours through once-daily administration. Zydus Lifesciences is an innovative, global lifesciences company that discovers, develops, manufactures, and markets a broad range of healthcare therapies. The companys consolidated net profit jumped 8.68% to Rs 1,272.5 crore on 16.22% increase in revenue from operations to Rs 7,587 crore in Q4 FY26 over Q4 FY25. The counter rose 0.49% to Rs 1,120.70 on the BSE. First Published: Aug 10 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The scooter-motorcycle divergence came against the backdrop of a record quarter for the broader Indian automobile industry This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 10 2026 | 5:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 10 2026 | 5:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 52.33% to Rs 392.65 crore First Published: Aug 10 2026 | 5:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.87% to Rs 63.25 crore First Published: Aug 10 2026 | 5:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Aug 10 2026 | 5:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 4.52% to Rs 1907.30 crore First Published: Aug 10 2026 | 5:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 10 2026 | 9:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 10 2026 | 9:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Milky Mist IPO review: Brokerages recommend 'Subscribe' First Published: Aug 10 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To design, build and operate integrated AI compute, cybersecurity and data centre solutions at scale Blue Cloud Softech Solutions today announced that its wholly owned US subsidiary, Blue Cloud Softech Solutions USA (BCSSL-USA), has executed Statement of Work No. 1 (SOW) with SpaceX International, MY. The SOW is issued under and incorporated into the Master Services Agreement between the parties dated 09 July 2026, and provides for a minimum contractual commitment of USD 150,000,000 over an eighteen-month term, subject to the terms and conditions of the executed agreements. The engagement represents a significant step in BCSSL's expansion into large-scale AI infrastructure, cybersecurity, telecommunications and data-Centre solutions for global clients. Under the SOW, BCSSL-USA will design, build, integrate, secure, connect and operate a dedicated, sovereign-grade AI compute and data-Centre platform for SpaceX International Ltd, MY, spanning four sectors: AI Infrastructure (USD 70 million), Cybersecurity (USD 25 million), Telecommunications (USD 25 million) and Data Centre Solutions (USD 30 million). Services will be delivered across five phases over six quarterly billing periods, commencing with assessment and design and culminating in managed operations from the sixth quarter onward. Deliverables include GPU/accelerator cluster build-out, MLOps and model-serving infrastructure, a Security Operations Centre with SIEM/SOAR deployment, core network and NOC-managed connectivity, and data-Centre build, commissioning and disaster-recovery capability, governed by defined service levels for platform, network and facility availability. First Published: Aug 10 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Titan share price gains 2% after strong Q1; brokerage see up to 21% upside First Published: Aug 10 2026 | 9:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT August 2026 futures currently traded 62.50 points lower, suggesting a red opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 480.24 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 235.56 crore in the Indian equity market on 07 August 2026, provisional data showed. The FIIs have bought shares worth Rs 2,887.69 crore so far in August (till 07 August 2026). This follows their cash sales of Rs 5,778.99 crore in July, Rs 49,028.63 crore in June and Rs 55,963.33 crore in May. Global Markets: Asian share markets mostly advanced on Monday after a soft U.S. jobs report pared the risk of a near-term rise in borrowing costs, though a lack of progress in Gulf peace talks saw oil prices creep higher. Iran said ?on Sunday that a deal with Oman defining new shipping lanes in the Strait of Hormuz was in its final stages but reiterated that the waterway would only reopen once the United States met other conditions. Brent crude added 1.0% to $84.40 a barrel as shipping through the vital waterway remained at a trickle, while U.S. crude rose 0.8% to $78.80 a barrel. Meanwhile, the Bank of Japan policy makers have warned of mounting inflation risks that could require a nimble, faster-than-expected pace of interest rate increases, a summary of opinions at their July meeting showed, boosting the case for a September hike. Last week, U.S. stocks advanced on Friday, with the S&P closing at a record high to cap off a strong week of gains for the major indexes, after data showed the U.S. economy unexpectedly shed ?jobs last month and dampened expectations the Federal Reserve would raise interest rates at its September meeting. The Dow Jones Industrial Average rose 151.83 points, or 0.28%, to 54,036.93, the S&P 500 gained 47.68 points, or 0.62%, to 7,757.64 and the Nasdaq Composite gained 342.26 points, or 1.30%, to 26,690.62. The Labor Department said nonfarm payrolls decreased by 23,000 jobs last month, well below the widely reported estimate that called for an increase of 80,000 jobs. Previously reported job gains for the prior two months were also revised sharply lower, while the unemployment rate fell to 4.1% last month from 4.2% in June due to workers leaving the labor force. Market expectations for a rate hike from the Fed at its next meeting dropped to about 44%, according to CME FedWatch down from 55% in the prior session and 67% ??a week ago. Domestic Market: The benchmark indices ended with modest losses on Friday, snapping a two-session winning streak. Sentiment remained subdued throughout the session as selling in heavyweight financial stocks, particularly private banks and NBFCs, outweighed gains in information technology and auto shares. The Nifty settled below the 24,600 mark, while investors also remained cautious ahead of the US July jobs report, a key indicator for the Federal Reserve's interest rate outlook. Despite the decline, the broader market remained resilient, with midcap and smallcap stocks outperforming the benchmark indices. The S&P BSE Sensex declined 455.59 points or 0.58% to 78,499.17. The Nifty 50 index lost 65.35 points or 0.27% to 24,570.65. In the previous two sessions, the Sensex gained 0.67%, while the Nifty advanced 0.09%. First Published: Aug 10 2026 | 9:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Bandhan Bank, Kaynes Technology, and Life Insurance Corporation of India are banned from F&O trading on 10 August 2026. Result Today: Vodafone Idea, Bosch, Amara Raja Energy & Mobility, AstraZeneca Pharma, Bharat Forge, Bombay Dyeing & Manufacturing Company, CMS Info Systems, Dilip Buildcon, Gland Pharma, Hindustan Copper, KEC International, Info Edge (India), PC Jeweller, Sun Pharma Advanced Research Company, Triveni Turbine, TVS Supply Chain Solutions, Websol Energy System, Wockhardt, Yatharth Hospital & Trauma Care Services, and Zee Entertainment Enterprises will announce their quarterly earnings today. Stocks to Watch: Titan Company reported a 62.9% year-on-year increase in consolidated profit after tax (PAT) to Rs 1,777 crore in Q1 FY27, compared with the corresponding quarter last year. Total income rose 29.3% YoY to Rs 21,502 crore during the quarter, supported by strong demand in the jewellery segment. Kaynes Technology India reported a 24.37% decline in consolidated net profit to Rs 56.43 crore in Q1 FY27 compared with Rs 74.61 crore posted in Q1 FY26. Revenue from operations jumped 40.47% YoY to Rs 946.02 crore in Q1 FY27. Lemon Tree Hotels reported a 20.09% jump in consolidated net profit to Rs 46.03 crore in Q1 FY27 compared with Rs 38.33 crore posted in Q1 FY26. Revenue from operations rose 9.13% YoY to Rs 344.61 crore in Q1 FY27. NRB Bearings has reported a 15% rise in consolidated net profit to Rs 38 crore on a 19.2% increase in revenue from operations to Rs 370 crore in Q1 FY27 as compared with Q1 FY26. Total operating expenditure for the period under review was Rs 305.87 crore, up 18.3% YoY. Oil Indias standalone net profit soared 252.83% YoY to Rs 2,870.21 crore in Q1 FY27, supported by higher crude oil production and improved crude oil price realization. Revenue from operations jumped 58.77% YoY to Rs 7,958.05 crore in Q1 FY27. Dynamatic Technologies has reported a 93% jump in consolidated net profit to Rs 20.79 crore on a 14.5% increase in net sales to Rs 424.81 crore in Q1 FY27 as compared with Q1 FY26. Powerica has reported a 27.3% increase in consolidated net profit to Rs 64.3 crore on a 26.7% rise in revenue from operations to Rs 780.1 crore in Q1 FY27 as compared with Q1 FY26. Bharat Wire Ropes reported a 21.7% decline in standalone net profit to Rs 12.23 crore in Q1 FY27, compared with Rs 15.61 crore in Q1 FY26. Revenue from operations slipped 7.9% YoY to Rs 130.39 crore in the quarter ended 30 June 2026. Maharashtra Seamless reported consolidated net profit of Rs 266.40 crore in Q1 FY27, up 15.66% as against Rs 230.32 crore in Q1 FY26. However, total revenue declined 4.72% year on year (YoY) to Rs 1,091.20 crore in Q1 FY27. Godrej Consumer Products reported a 11.50% increase in consolidated net profit to Rs 504.52 crore on an 18.31% rise in total revenue from operations to Rs 4,225.47 crore in Q1 FY27 over Q1 FY26. First Published: Aug 10 2026 | 9:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 41.10% to Rs 262.46 crore First Published: Aug 10 2026 | 9:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 77.93% to Rs 2012.79 crore First Published: Aug 10 2026 | 9:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 31.66% to Rs 232.67 crore First Published: Aug 10 2026 | 9:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch: Titan, Ola, Bosch, Vi, SML Mahindra, PC Jeweller First Published: Aug 10 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zaggle Prepaid Ocean Services has entered into an amendment agreement with APAC Financial Services. Under the amended agreement, Zaggle will provide its Zaggle Employee Tax Benefits solution to APAC Financial Services, in addition to the Zaggle Zoyer Platform and Employee Expense Management services already being provided under the existing agreement. Zaggle Prepaid Ocean Services is a leading spend management company with a differentiated value proposition and diversified user base. The company operates in the business-to-business-to-customer (B2B2C) segment and is one of the largest issuers of prepaid cards in India through partnerships with leading banks. It also offers a diversified portfolio of software-as-a-service (SaaS) products, including tax and payroll software. The company's consolidated net profit surged 30.42% to Rs 40.60 crore on a 49.94% increase in revenue from operations to Rs 671.91 crore in Q4 FY26 as compared with Q4 FY25. Shares of Zaggle Prepaid Ocean Services rose 0.02% to close at Rs 206.20 on the BSE. First Published: Aug 10 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 10 2026 | 8:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: the Nifty50 and the Sensex are expected to open on a muted note as traders will assess how the US and Iran talks will progress, and lead to the opening of the Strait of Hormuz. First Published: Aug 10 2026 | 7:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy today: Analyst recommends BLS International, Paytm First Published: Aug 10 2026 | 7:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian share markets tracked Wall Street higher on Monday after a soft US jobs report pared the risk of a near-term rise in borrowing costs, though a lack of progress in Gulf peace talks saw oil prices creep higher. Iran said on Sunday that a deal with Oman defining new shipping lanes in the Strait of Hormuz was in its final stages but reiterated ?that the waterway would only reopen once the United States met other conditions. Brent crude added 0.9 per cent to $84.32 a barrel as shipping through the vital waterway remained at a trickle, while US crude rose 0.7 per cent to $78.74 a barrel. The latest revival in fuel costs raises the stakes for the US July consumer price report due on Wednesday where analysts look for a rise of 0.1 per cent in the headline and 0.2 per cent for the core. Any upside surprise could rekindle speculation of a hike from the Federal Reserve next month. "Our forecast for core CPI of 0.22 per cent is probably not quite firm enough to prompt a hike from the Fed at the September meeting, though repeated prints closer to 0.3 per cent could do it," said Michael Feroli, chief US economist at JPMorgan. "One thing we are watching for is any rebound in core goods ?prices after a two-month stretch in which they fell." The futures market has scaled back the chance of a September move to around 44 per cent, from 67 per cent a week ago. The pullback in rate risk helped Treasuries rally on Friday and saw Wall Street close at record highs. Japan's Nikkei followed that lead and rose 0.6 per cent on Monday, while South Korea added 0.5 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.3 per cent. For Europe, EUROSTOXX 50 futures and DAX futures both dipped 0.1 per cent, while FTSE futures fell 0.4 per cent. S&P 500 futures dipped 0.1 per cent, while Nasdaq futures were little changed having climbed 5 per cent last week amid a slew of upbeat earnings reports. Analysts at BofA noted that with nearly 90 per cent of S&P 500 results in, earnings per ?share were up 30 per cent on the year after excluding investment gains at Alphabet and Amazon. A 76 per cent EPS beat rate matched the strongest level since 2021. "AI remains the stand out, with median EPS growth of 28 per cent versus 12 per cent for non-AI related ?stocks, though consensus expects AI to slow to 16 per cent next quarter," they said in a note. Earnings are lighter this week but include ?semiconductor company Applied Materials, networking equipment maker Cisco and cloud infrastructure technology company CoreWeave. In bond markets, yields on 10-year Treasuries were a shade higher at 4.673 per cent with the market bracing for $125 billion in new issuance this week. The drop in ?yields and general improvement in risk had pulled the US dollar broadly lower, with the euro just off a seven-week top at $1.1557. The dollar was flat on the yen at 157.85, with investors still wary of intervention should they push ?the yen down too far. In commodity markets, the drop in yields helped non-interest-paying gold hold at $4,342 an ounce, having climbed more than 7 per cent last week. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 10 2026 | 7:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Both benchmarks had fallen more than 7% last week on hopes that Iran and Oman were close to reaching a deal that would result in a reopening of the Strait of Hormuz Oil prices rose on Monday on uncertainty over the reopening of the Strait of Hormuz anytime soon, as Iran said a deal with Oman defining new shipping lanes was in its final stages but insisted the US must still ?meet other conditions. Brent crude futures rose 91 cents or 1.09 per cent, to $84.46 a barrel by 0056 GMT, while US West Texas Intermediate crude futures rose 61 cents, or 0.78 per cent to $78.79 a barrel. Both benchmarks had fallen more than 7 per cent last week on hopes that Iran and Oman were close to reaching a deal that would result in a reopening of the Strait of Hormuz, which carried a fifth of the world's oil before the war. While Iran said on Sunday that a deal with Oman was in ?its "final stages", it reiterated that the waterway would only reopen once Washington met other conditions, including US compensation to Iran for its widespread attacks. "Traders have been conditioned by the on-again, off-again nature of the negotiations and are waiting for tangible evidence, such as verified tanker movements or formal agreements, before further unwinding the risk premium," said Tim Waterer, chief market analyst at KCM Trade. Iran and the US are not engaged in talks and Tehran will not start them as ?long as Washington breaches an interim deal signed in June, Iranian Foreign Minister Abbas Araqchi said on Sunday. In a further threat to supply, a Saudi ?oil plant was attacked over the weekend. The Iran-aligned Houthis said they had hit Saudi ?Aramco's Jazan refinery on Sunday, two days after the kingdom signed a defence pact with Sunni Muslim allies Turkey and Pakistan in response to growing ?regional instability from the US-Israeli war on Shi'ite Iran. Separately, the United Arab Emirates' ADNOC said on Friday that 15 of its vessels had been attacked transiting the ?Strait of Hormuz since the beginning of the conflict. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 10 2026 | 7:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Business Standard Defence Index is designed to track the performance of 25 key defence stocks First Published: Aug 10 2026 | 6:25 AM IST In this article : This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Sons AGM agenda includes Chairman N Chandrasekaran’s renewal as board director This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Don’t Be Evil: Bad Bosses, Fake Promises, and My Escape From Big Tech First Published: Aug 09 2026 | 11:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajaya Mohanty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Taher Badshah, president and chief investment officer at Invesco Mutual Fund This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India is one of the largest premiumisation opportunities for Apple in emerging markets, according to Omdia This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Pentagon is pressing the US defence industry to accelerate production of weapons to help replenish its diminished stockpile of munitions, including those depleted in the ongoing war with Iran. Pentagon spokesman Sean Parnell said in a statement Saturday that the department was actively focused on boosting munitions acquisitions to provide "the weapons our warfighters need at the pace the threat demands." He confirmed department efforts in the last week to significantly speed the process but insisted it was part of a broader modernisation effort that predated the five-month-old conflict. Deputy Defense Secretary Steve Feinberg wrote to industry leaders on Wednesday, giving them no more than 21 days to submit plans to "drive significantly faster, more aggressive delivery schedules and/or increased production for critical capabilities," according to a memo obtained by The Washington Post. "Years-long development cycles are not acceptable," Feinberg wrote. "We must dramatically accelerate our program schedules and expand our production capacity now." The memo comes as recent fighting with Iran used up more of the US military's already diminished stockpiles of advanced missile interceptors, potentially putting American troops at more risk if hostilities resume, according to a new analysis. Shrunken inventories of Patriot and THAAD interceptors may force the US and its Middle Eastern allies to take more risks to conserve those air defences, according to the analysis from the Centre for Strategic and International Studies, a Washington think tank. For example, it said, American forces may launch fewer missiles against incoming Iranian drones and missiles, raising the chance of one getting through. President Donald Trump in recent days has bristled over public reports of a munitions shortage, posting on Truth Social on Thursday that the US has "massive amounts." He added that "large amounts are being manufactured and shipped to the US as needed." On Saturday, Parnell affirmed that Feinberg's memo seeking a rapid escalation of weapons production is "real," adding that it "will inform the fiscal year 2028 budget submitted to Congress for funding, and it is entirely consistent with our ongoing push to rebuild the defense industrial base." A defense spending bill is currently stalled in Congress, with lawmakers fuming over Trump's military action against Iran and resisting the White House request to substantially increase Pentagon spending to USD 1.5 trillion, up from about USD 900 billion last year. The number of Patriot interceptors fell from 2,330 before the war to 1,030 when the April ceasefire took effect, CSIS estimated last month. Following recent fighting, the stockpile is now estimated to be between 759 and 827, a decrease of at least 65 per cent since before the conflict began. The number of THAAD interceptors fell from 452 before the war to between 232 and 262 at the start of the April ceasefire, CSIS said. The US was able to replenish some of the inventory to between 234 and 278 interceptors. But the stockpile is still at least 38 per cent smaller than it was before the conflict. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 09 2026 | 7:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Aug 09 2026 | 6:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 09 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Aug 09 2026 | 4:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Aug 09 2026 | 4:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Football transfers First Published: Aug 09 2026 | 4:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold and silver prices are expected to extend their gains next week, as inflation data from major economies and developments on efforts to end hostilities in West Asia are likely to set the tone for bullion, analysts said. Investors will track inflation numbers from the US, Germany, Japan and India, while upcoming Chinese economic data will also be crucial for industrial metals, they added. "Gold and silver momentum looks positive and are expected to trade with a positive bias and move up towards ?1.57 lakh per 10 grams and ?2.80 lakh per kg in the short term," Pranav Mer, Senior Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On the domestic front, gold futures for October delivery climbed ?8,444, or nearly 6 per cent, during the week to close at ?1.51 lakh per 10 grams. Silver futures for the September contract surged ?14,268, or nearly 7 per cent, to settle at ?2.31 lakh per kilogram on the Multi Commodity Exchange. "Gold witnessed a strong rally this week, gaining nearly 6 per cent, as weaker-than-expected US labour market data revived expectations of a more accommodative monetary policy from the Federal Reserve," said Jateen Trivedi, VP Research Analyst, Commodity and Currency, LKP Securities. The weaker dollar also encouraged fresh buying in precious metals, allowing gold to post one of its strongest weekly gains in recent months, he added. In the international markets, gold futures for the December delivery jumped $292.7, or 7 per cent, to finish the week at $4,399.7 per ounce, while silver for the September contract soared $5.71, or nearly 10 per cent, to $63.50 per ounce. Mer said gold broke out of its consolidation range and ended the week with gains of more than 6 per cent, supported by a reversal in the US dollar and crude prices remaining in corrective mode, with oil falling close to $75 per barrel. According to Trivedi, developments involving the US and Iran will also remain in focus, with any unexpected diplomatic or military announcement potentially triggering sharp moves in bullion when markets reopen on Monday. "Overall, volatility is expected to remain elevated in the coming week. The combination of US economic data, Federal Reserve expectations, and ongoing geopolitical uncertainty is likely to keep gold highly reactive," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 09 2026 | 3:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company plans to invest about ?35,000 crore ($4 billion) to raise annual production capacity to 3.65 million vehicles by FY31. India's largest carmaker, Maruti Suzuki India expects the domestic passenger vehicle market to grow to 6.1 million-6.3 million units by fiscal year 2030-31, driven by a revival in demand for small cars ?and a stronger sport utility vehicle segment, Chairman R.C. Bhargava said. Maruti is reassessing its five-year growth targets as it expects the small-car segment to expand significantly faster than in the past five years, the company said in a statement on Sunday, accompanying its 2025/26 annual report. Maruti sold a record 2.42 million vehicles and exported an all-time high 447,000 units in FY26, and expects to reach its next ?million-unit sales milestone earlier than previously projected. The company plans to invest about ?35,000 crore ($4 billion) to raise annual production capacity to 3.65 million vehicles by FY31. Maruti's board has approved an initial investment of ?561 crore to set up four biogas plants as part of its clean-energy strategy. Bhargava said biogas could reduce dependence on imported compressed natural gas and support India's net-zero goals. Managing Director and CEO Hisashi Takeuchi said Maruti plans to launch seven new SUVs over the next five to six ?years to strengthen its presence in the fast-growing segment. The company accelerated ?capacity expansion by adding 500,000 units of manufacturing capacity in FY27. Maruti is prioritising localisation, alternate sourcing and supplier capability ?development to mitigate geopolitical and supply-chain risks. Maruti said its relationship with parent Suzuki Motor Corp has become "closer and more integrated", helping shorten ?vehicle development cycles and reduce costs. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 09 2026 | 3:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, the BSE benchmark Sensex climbed 404.53 points, or 0.51 per cent, and the NSE Nifty went up by 187.05 points, or 0.76 per cent. Crude oil prices, geopolitical tensions in West Asia, and upcoming inflation data will dictate stock market direction this week, according to analysts. Moreover, developments surrounding the Strait of Hormuz, foreign investor trading activity, and domestic quarterly earnings will also remain key monitorables for the Indian stock market, experts added. "Domestically, investors will closely monitor the July CPI inflation print, WPI inflation, and the latest foreign exchange reserves data for fresh insights into inflation trends and external sector stability. The Q1 FY27 earnings season will gather further momentum, with several companies, including HAL, Bharat Forge, Grasim Industries, and Tata Motors, scheduled to announce their quarterly results," Ajit Mishra SVP, Research, Religare Broking Ltd, said. Globally, market participants will continue to monitor developments surrounding the Strait of Hormuz, movements in crude oil prices, and broader geopolitical negotiations involving Iran, he added. "This week is likely to be shaped by two dominant themes: developments in the West Asia and the July US inflation report. Attention will remain firmly focused on the West Asia, where negotiations over the Strait of Hormuz remain fluid," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. On the macroeconomic front, the July US inflation report will be the key global event in the week ahead, he said and added that crude oil will remain another key monitorable for Indian markets. Meanwhile, Foreign Portfolio Investors (FPIs) maintained their buying spree in Indian equities, investing Rs 12,921 crore in the first week of August. Last week, the BSE benchmark Sensex climbed 404.53 points, or 0.51 per cent, and the NSE Nifty went up by 187.05 points, or 0.76 per cent. "Markets ended the week with modest gains despite heightened volatility, as investors navigated the roll-out of the new Closing Auction Session (CAS) framework for F&O stocks, the Reserve Bank of India's monetary policy decision, and lingering geopolitical uncertainties," Mishra said. The closing auction session remained the key highlight of the last week, as it was the first week of the new system, Santosh Meena, Head of Research at Swastika Investmart Ltd, said. "The week will also be important from a macroeconomic perspective, with India scheduled to release CPI inflation on August 12 and WPI inflation on August 14. In the US, CPI and PPI (Producer Price Index) data will be released on August 12 and 13, respectively," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 09 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The IPO proceeds across the five companies will largely be used for business expansion, capital expenditure, debt repayment and other corporate purposes First Published: Aug 09 2026 | 2:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The IPO proceeds across the five companies will largely be used for business expansion, capital expenditure, debt repayment and other corporate purposes First Published: Aug 09 2026 | 2:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The IPO proceeds across the five companies will largely be used for business expansion, capital expenditure, debt repayment and other corporate purposes First Published: Aug 09 2026 | 2:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The IPO proceeds across the five companies will largely be used for business expansion, capital expenditure, debt repayment and other corporate purposes First Published: Aug 09 2026 | 2:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The IPO proceeds across the five companies will largely be used for business expansion, capital expenditure, debt repayment and other corporate purposes First Published: Aug 09 2026 | 2:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The IPO proceeds across the five companies will largely be used for business expansion, capital expenditure, debt repayment and other corporate purposes First Published: Aug 09 2026 | 2:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil India Ltd chairman and managing director Ranjit Rath is among more than half a dozen candidates who have applied for the top job at state-run Oil and Natural Gas Corp (ONGC), people familiar with the matter said. Rath, 54, is seeking the ONGC chairman and managing director's post for a second consecutive year after the government relaxed eligibility criteria, including the maximum age for the position. The Oil India chief was among the candidates shortlisted for the ONGC post last year, but the government chose to extend the tenure of incumbent Arun Kumar Singh by a year. Rath has headed Oil India, India's second-largest state-run oil and gas explorer, since August 2022. Others who have applied include ONGC Videsh Ltd managing director Rajarshi Gupta, who became eligible after the government raised the maximum entry age to 59 years. Gupta, 59, who is due to superannuate in July 2027, is the senior-most among all the internal candidates applying for the position. ONGC's director for technology and field services Vikram Saxena and the firm's director for strategy and corporate affairs Satyam Kumar as well as OVL's director for operations Dulal Halder are the other internal candidates applying for the position, sources said. Also in fray are MRPL director (finance) Devendra Kumar, and Indian Oil Corporation's (IOC) director for marketing S P Shrivastava. The Public Enterprises Selection Board (PESB), the government's headhunter for appointments to state-run firms, had invited applications for the post, which will fall vacant on December 7 when incumbent Arun Kumar Singh completes his extended tenure. Applications closed on July 22. As per the advertisement, candidates should not have attained the age of 59 years on the date of occurrence of the vacancy -- December 7, 2026. The selected candidate will initially be appointed for three years, with the tenure extendable by another two years after a performance review. "Any employment or extension of tenure beyond the age of 60 shall be on a contract basis," the advertisement said. The selection will be made by a search-cum-selection committee constituted by the oil ministry instead of the normal PESB selection process. The revised age limit marks a departure from the norms followed for most board-level appointments in Central Public Sector Enterprises (CPSEs). While recent appointments have largely been governed by a residual service criterion rather than fixed age limits, the ONGC advertisement prescribes a maximum entry age of 59 years, allowing both internal and external candidates who would otherwise have been ineligible to be considered. The tenure conditions are also a departure from the prevailing practice of appointing PSU chiefs until the age of superannuation, which is generally 60 years. Under the revised framework, a chairman may continue beyond that age on a contractual basis. While the original advertisement listed engineering graduate, CAs or cost accountants or a graduate with full time MBA/PGDIM as educational qualification, an addendum stated that "the applicant should be a first-class graduate with a degree in Engineering/ Chartered Accountancy/Cost Accountancy or Post Graduate or a Graduate with a full-time MBA/PGDIM from a leading institute." The government had made a similar relaxation when appointing Singh in 2022. A search-cum-selection committee constituted by the oil ministry picked him in August that year, barely two months before he turned 60, making him the first executive of that age to be appointed chairman of a blue-chip state-run company. Singh, who retired as chairman and managing director of Bharat Petroleum Corporation Ltd in October 2022, took charge of ONGC on December 6, 2022, after the government relaxed the eligibility criteria. Last year, the Centre granted him a rare one-year extension, allowing him to continue as ONGC chairman until December 6, 2026, by which time he will be over 64 years old. The government had initiated a search for a regular chairman last year. PESB invited applications in April 2025 and more than a dozen candidates, including OIL's Rath, applied. However, no interviews were held, and the selection process remained inconclusive without any official explanation. ONGC had remained without a full-time chief between April 2021 and December 2022, during which the company was headed by three interim chairmen before Singh's appointment. According to the job description, the chairman will be responsible for the overall management and strategic direction of the company, including driving growth in revenue and profitability, leading ONGC's exploration and production business, overseeing expansion into new energy and petrochemicals through acquisitions and joint ventures, and steering technology adoption across the organisation. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 09 2026 | 1:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A US Senate vote to advance tougher sanctions on Russia raises the risk of disruption to Russian crude supplies but is unlikely to immediately alter oil flows to India and China, according to Kpler analyst Sumit Ritolia. The US Senate on Friday passed a bipartisan Russia sanctions bill that would give President Donald Trump authority to impose tariffs of up to 100 per cent on imports from countries that are among the world's largest buyers of Russian oil and gas. The Lindsey O. Graham Sanctioning Russia Act of 2026 targets the five biggest purchasers of Russian energy and is aimed at cutting Moscow's revenues from oil and gas sales. The measure still needs to clear the US House of Representatives and faces further legislative and administrative steps before it could take effect. According to Ritolia, the measures still face further legislative and administrative hurdles, while their impact will depend largely on how aggressively the US administration implements them, including whether it grants exemptions or waivers. "Recent experience suggests that when physical supply security becomes a concern, policymakers retain an incentive to avoid measures that could unnecessarily disrupt crude availability," he said. The timing of any curbs is critical as global crude markets remain relatively tight and uncertainty over Middle Eastern supplies has increased the importance of alternative sources, Ritolia said. A significant restriction on Russian oil could therefore tighten global balances rather than simply redirect existing trade flows. India's dependence on Russian crude has surged since Russia's invasion of Ukraine in February 2022, when Western sanctions and an exodus of European buyers left Moscow offering deep discounts to Asian refiners. Russia supplied less than 100,000 barrels per day to India in 2021, or about 2.5 per cent of its crude imports, according to the US Energy Information Administration. The volume rose to about 740,000 bpd in 2022 and nearly 1.8 million bpd in 2023, making Russia India's largest crude supplier with about 39 per cent of imports that year. The dependence has since grown further. Kpler data show Indian refiners imported a record 2.8 million bpd of Russian crude in July 2026, accounting for about 55.5 per cent of total crude imports of just over 5 million bpd. That compares with roughly 1.8 million bpd on average in 2024, according to Kpler-based data. Ritolia said Russian crude has become an important supply hedge for Indian refiners, reducing their exposure to disruptions along traditional Middle Eastern supply routes. This reliance became particularly evident during the recent period of heightened Middle East supply risks, when the US provided temporary sanctions flexibility that allowed Russian barrels to continue flowing to India, he said. Replacing Russian crude at current volumes would be difficult, if not impossible, in the short term, Ritolia said. A rapid curtailment of Russian supplies to India or other Asian buyers could therefore tighten global oil balances and put upward pressure on crude prices. For India, the impact would extend beyond refinery procurement costs, potentially increasing the country's overall crude import bill, widening pressure on the current account and raising concerns over energy security. The key question, Ritolia said, is not simply whether Russian barrels can be redirected to other buyers, but whether sufficient alternative supplies are available to replace them without further tightening the global market. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 09 2026 | 12:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Food delivery platforms Ownly and magicpin are eyeing a bigger share of India's food delivery market, citing growing restaurant participation and order volumes across major cities. The developments come as India's food delivery sector sees more platforms seeking a foothold in the market, while restaurants push for greater control over commercial terms and customer-facing promotions. Anshoo Sharma, Founder and CEO, magicpin, told PTI that the platform has seen growth across major cities, with both restaurant partnerships and daily orders increasing. "Restaurants appreciate the transparency we bring to the table and as a genuine alternative, with operations across top major cities throughout India. It is our restaurant partners and customers who have helped us to become India's third-largest food delivery app, and we only see a growth trajectory going forward," Sharma said. "We have experienced growth across all the major cities across India, and our operations continue to run smoothly, with steady growth in both restaurant partnerships and daily orders," he added. Aravind Sanka, co-founder at Rapido & Ownly, said the platform is already generating significant order volumes for some restaurant partners. "If restaurants continue to see better economics and customers continue to get transparent pricing, growth will follow. Our focus is on increasing restaurant participation, order density and making Ownly the preferred platform for everyday food ordering," he said. Sanka said there was room for multiple players in India's food delivery market, which he described as under-penetrated. "Competition is good. It keeps everyone honest. Food delivery in India is still massively under-penetrated, so there's room for multiple players," Sanka said. He added that Ownly is currently focused on executing in its existing markets and plans to expand to more cities after establishing its operating model. The comments come against the backdrop of negotiations between restaurant bodies in Bengaluru and food delivery aggregators Swiggy and Zomato. A section of restaurants in Bengaluru had threatened to disengage from both Swiggy and Zomato from August 15. Following talks, the deadline has now been deferred to August 31. Ananth Narayan, Chapter Head, NRAI Bengaluru, who was part of the negotiations between restaurant bodies and food delivery aggregators including Swiggy and Zomato, said the restaurants have deferred the boycott till August 31. He expressed optimism that the minutes of the meeting should be signed by all parties by Monday or Tuesday "in all probability", thereby resolving the issues. Narayan said the entry of more players would not hurt the industry and could instead help expand the market and benefit restaurateurs. "When the market is big, 2-3-4 more players coming in wouldn't damage anybody. The more players, the more the industry will grow, and the more restaurateurs will prosper. It's a win-win for everybody." He observed that India's food delivery industry will move away from a duopoly in the coming years, with more players coming in. The Bengaluru negotiations have also focused on the terms governing discounts and promotional offers on restaurant orders. Narayan said both Swiggy and Zomato have agreed to an OTP-based opt-in SMS mechanism, requiring restaurants' approval for discounts, promotional offers, validity to be on a particular platform, and some other points. Elaborating on the issues faced by restaurants in dealing with Swiggy and Zomato in the past, Narayan informed that there have been a lot of instances of discounts being levied on a restaurant's offerings without its approval, and multiple instances where the full refunds due have not been issued. "We told them (Swiggy and Zomato), from September 1, we will decide what to do. It is not a gun to their head, it is simply that the restaurant industry cannot survive on these terms," Narayan told PTI. Responses could not be obtained from Swiggy and Zomato over the issue. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 09 2026 | 11:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Leading alcobev players, such as United Spirits Ltd, Radico Khaitan and Allied Blenders and Distillers Ltd, reported a high double-digit growth of 10 to 36% in their prestige-and-above segment Premiumisation emerged as the key growth driver for India's alcoholic beverages industry in the first quarter of 2026-27, helping major spirit makers expand revenue and protect margins even as several players saw profitability squeezed by elevated input costs and policy changes in some states weighed on performance. Leading alcobev (alcoholic beverage) players, such as United Spirits Ltd (USL), Radico Khaitan and Allied Blenders and Distillers Ltd (ABDL), reported a high double-digit growth of 10 to 36 per cent in their prestige-and-above (P&A) segment, which is higher-end, premium, luxury spirits including whiskey, vodka, gin, and rum. United Breweries Ltd (UBL), the country's largest beer maker, also reported an increase of 17 per cent in its premium volume, from its brands such as Kingfisher Ultra, Ultra Max, Heineken, and Amstel Grande. Home-grown liquor major Radico Khaitan reported its "highest ever volume, top line, profitability", with consolidated net profit rising 76 per cent to ?229.60 crore and revenue increasing 13.22 per cent to ?5,867.69 crore. Volume of its P&A brands, including Rampur Single Malt Whisky, Jaisalmer Indian Craft Gin, Morpheus Brandy, Royal Ranthambore and 8PM Premium Black, rose 35.8 per cent to 5.22 million cases. "Our performance was driven by the continued success of our premiumisation strategy with our P&A portfolio delivering 36 per cent volume growth during the quarter and significantly outpacing the industry," Managing Director Abhishek Khaitan said during an investors' call. He expects the P&A portfolio to deliver over 25 per cent volume growth during FY27 and sustain an EBITDA margin of around 20 per cent. Diageo-controlled USL, which owns brands, including Johnnie Walker, Black Dog, Black & White, VAT 69, Singleton, Smirnoff and Tanqueray, reported a 51.6 per cent rise in net profit to ?391 crore, supported by the P&A segment. Excluding Maharashtra, "our P&A volume has grown by 6.4 per cent. On NSV growth, based on the same construct against the reported P&A growth of 10.1 per cent, eliminating Maharashtra, we have grown 14.8 per cent," said its Managing Director and CEO Praveen Someshwar in a investors' call. Revenue from operations rose 5 per cent to ?6,113 crore in the June quarter. NSV (net sales volume) from the popular segment, which contributes less than 10 per cent of revenue, fell 17.5 per cent to ?206 crore. P&A typically refers to brands retailing at roughly ?700-800 and above per 750-ml bottle, depending on the state and tax structure. It is having strong momentum, reflecting the ongoing premiumisation of the Indian alco-beverage market, supported by rising disposable incomes, evolving consumer preferences, and increasing demand for premium spirits. ABDL, maker of Officer's Choice Whisky, posted an 18.65 per cent decline in consolidated net profit to ?45.42 crore, while revenue from operations rose 5.8 per cent to ?984 crore. Its P&A segment accounted for 59.3 per cent of sales value, up from 55.8 per cent a year ago, while gross margin expanded 277 basis points to 46 per cent. Managing Director Amar Sinha said global supply chain disruptions had a short-term impact during the quarter, but the company remained focused on premiumisation and backward integration projects. Its premiumisation drive remains the key growth lever going forward as it reported a 5.8 per cent year-on-year rise in its income from operations to ?984 crore in the June quarter on volumes of 9 million cases (9 litres each), up 6.2 per cent. UBL reported a contrasting trend, with consolidated net profit declining 9.64 per cent to ?166.28 crore due to higher expenses and the West Asia conflict, even as its revenue rose 10 per cent to ?5,919.44 crore. The company said premium volumes increased 17 per cent, excluding two states where it took steps to mitigate the war impact, led by Heineken Silver and Kingfisher Ultra. "Premium margins have become accretive for the first time in the past quarter," UBL CFO Jorn Kersten said, adding that the premium portfolio would become a meaningful contributor to profitability going forward. Tilaknagar Industries Ltd posted the sharpest revenue growth among peers, with consolidated revenue surging 165.4 per cent to ?2,252.42 crore, aided by the integration of the Imperial Blue whisky business acquired from Pernod Ricard India. However, profit after tax fell 64.3 per cent to ?31.59 crore due to integration-related exceptional costs. Wine maker Sula Vineyards Ltd reported a return to revenue growth, with net revenue from operations rising 3 per cent year-on-year to ?112.9 crore. "Growth in Own Brands was driven by strong traction in our Elite & Premium portfolio, with our Elite flagship brands, The Source and Rasa, delivering robust double-digit growth," said Sula Vineyards CEO Rajeev Samant. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 09 2026 | 11:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Iran campaign has forced the Pentagon to rush ships, aircraft and air-defence units from across Europe and Asia to the West Asia, an effort with cascading consequences for equipment maintenance and troop morale First Published: Aug 09 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharti Airtel, HDFC Bank, ICICI Bank, Bajaj Finance, Life Insurance Corporation of India (LIC) and Hindustan Unilever faced a combined erosion of ?1.23 trillion from their valuation The combined market valuation of four of the top-10 most valued firms jumped ?1.43 trillion last week, with State Bank of India emerging as the biggest gainer. Last week, the BSE benchmark Sensex climbed 404.53 points, or 0.51 per cent, and the NSE Nifty went up by 187.05 points, or 0.76 per cent. "Markets ended the week with modest gains despite heightened volatility, as investors navigated the roll-out of the new Closing Auction Session (CAS) framework for F&O stocks, the Reserve Bank of India's monetary policy decision, and lingering geopolitical uncertainties," Ajit Mishra SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro were the gainers, while Bharti Airtel, HDFC Bank, ICICI Bank, Bajaj Finance, Life Insurance Corporation of India (LIC) and Hindustan Unilever faced a combined erosion of ?1.23 trillion from their valuation. State Bank of India added ?63,922.03 crore, taking its market valuation to ?10,11,721.84 crore. The valuation of Reliance Industries jumped ?32,816.4 crore to ?18,01,925.19 crore, and that of TCS surged ?31,875.35 crore to ?8,87,770.13 crore. The market capitalisation (mcap) of Larsen & Toubro climbed ?14,637.76 crore to ?5,56,482.45 crore. However, the valuation of LIC tumbled ?40,543.23 crore to ?4,96,891.82 crore. The mcap of Bajaj Finance eroded by ?37,168.96 crore to ?6,73,648.55 crore, and that of HDFC Bank dropped ?24,183.16 crore to ?11,27,967.47 crore. The valuation of ICICI Bank declined by ?9,507.67 crore to ?10,20,370.63 crore, and that of Bharti Airtel eroded by ?7,581.65 crore to ?12,22,423.98 crore. The mcap of Hindustan Unilever dipped by ?4,793.16 crore to ?4,88,808.97 crore. Reliance Industries remained the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 09 2026 | 10:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharti Airtel, HDFC Bank, ICICI Bank, Bajaj Finance, Life Insurance Corporation of India (LIC) and Hindustan Unilever faced a combined erosion of ?1.23 trillion from their valuation The combined market valuation of four of the top-10 most valued firms jumped ?1.43 trillion last week, with State Bank of India emerging as the biggest gainer. Last week, the BSE benchmark Sensex climbed 404.53 points, or 0.51 per cent, and the NSE Nifty went up by 187.05 points, or 0.76 per cent. "Markets ended the week with modest gains despite heightened volatility, as investors navigated the roll-out of the new Closing Auction Session (CAS) framework for F&O stocks, the Reserve Bank of India's monetary policy decision, and lingering geopolitical uncertainties," Ajit Mishra SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro were the gainers, while Bharti Airtel, HDFC Bank, ICICI Bank, Bajaj Finance, Life Insurance Corporation of India (LIC) and Hindustan Unilever faced a combined erosion of ?1.23 trillion from their valuation. State Bank of India added ?63,922.03 crore, taking its market valuation to ?10,11,721.84 crore. The valuation of Reliance Industries jumped ?32,816.4 crore to ?18,01,925.19 crore, and that of TCS surged ?31,875.35 crore to ?8,87,770.13 crore. The market capitalisation (mcap) of Larsen & Toubro climbed ?14,637.76 crore to ?5,56,482.45 crore. However, the valuation of LIC tumbled ?40,543.23 crore to ?4,96,891.82 crore. The mcap of Bajaj Finance eroded by ?37,168.96 crore to ?6,73,648.55 crore, and that of HDFC Bank dropped ?24,183.16 crore to ?11,27,967.47 crore. The valuation of ICICI Bank declined by ?9,507.67 crore to ?10,20,370.63 crore, and that of Bharti Airtel eroded by ?7,581.65 crore to ?12,22,423.98 crore. The mcap of Hindustan Unilever dipped by ?4,793.16 crore to ?4,88,808.97 crore. Reliance Industries remained the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 09 2026 | 10:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharti Airtel, HDFC Bank, ICICI Bank, Bajaj Finance, Life Insurance Corporation of India (LIC) and Hindustan Unilever faced a combined erosion of ?1.23 trillion from their valuation The combined market valuation of four of the top-10 most valued firms jumped ?1.43 trillion last week, with State Bank of India emerging as the biggest gainer. Last week, the BSE benchmark Sensex climbed 404.53 points, or 0.51 per cent, and the NSE Nifty went up by 187.05 points, or 0.76 per cent. "Markets ended the week with modest gains despite heightened volatility, as investors navigated the roll-out of the new Closing Auction Session (CAS) framework for F&O stocks, the Reserve Bank of India's monetary policy decision, and lingering geopolitical uncertainties," Ajit Mishra SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro were the gainers, while Bharti Airtel, HDFC Bank, ICICI Bank, Bajaj Finance, Life Insurance Corporation of India (LIC) and Hindustan Unilever faced a combined erosion of ?1.23 trillion from their valuation. State Bank of India added ?63,922.03 crore, taking its market valuation to ?10,11,721.84 crore. The valuation of Reliance Industries jumped ?32,816.4 crore to ?18,01,925.19 crore, and that of TCS surged ?31,875.35 crore to ?8,87,770.13 crore. The market capitalisation (mcap) of Larsen & Toubro climbed ?14,637.76 crore to ?5,56,482.45 crore. However, the valuation of LIC tumbled ?40,543.23 crore to ?4,96,891.82 crore. The mcap of Bajaj Finance eroded by ?37,168.96 crore to ?6,73,648.55 crore, and that of HDFC Bank dropped ?24,183.16 crore to ?11,27,967.47 crore. The valuation of ICICI Bank declined by ?9,507.67 crore to ?10,20,370.63 crore, and that of Bharti Airtel eroded by ?7,581.65 crore to ?12,22,423.98 crore. The mcap of Hindustan Unilever dipped by ?4,793.16 crore to ?4,88,808.97 crore. Reliance Industries remained the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 09 2026 | 10:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign Portfolio Investors (FPIs) maintained their buying spree in Indian equities, investing Rs 12,921 crore in the first week of August, driven by improving macroeconomic conditions, expectations of US rate cuts, lower crude oil prices and a stable rupee. The inflow follows a Rs 20,200-crore investment in July, marking a sharp turnaround after four consecutive months of heavy selling. FPIs had withdrawn Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17 trillion in March. Prior to this selling streak, they had invested Rs 22,615 crore in February, according to CDSL data. Despite the recent buying, foreign investors have remained net sellers in Indian equities in 2026, withdrawing Rs 2.41 trillion so far, already exceeding the Rs 1.66 trillion outflow recorded during the entire 2025. Market experts said the recent inflows reflect improving investor sentiment, supported by expectations of US rate cuts, softer crude prices and a stable rupee. The RBI's improved growth and inflation outlook has further strengthened confidence, while relatively low foreign ownership of Indian equities leaves room for fresh allocations, said Vedant Gupte, Co-Founder and CEO of investment platform Trackk. Importantly, a large share of the recent buying has come through the secondary market, signalling stronger interest in listed Indian companies rather than merely IPO allocations, Gupte added. "The sustained buying by both FIIs and DIIs was largely driven by the de-escalation of geopolitical tensions, which helped strengthen investor confidence and supported positive market sentiment," said Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking. V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said an important trend in FPI buying is their preference for sectors such as automobiles, consumer durables and healthcare. Foreign investor interest has also extended to the debt market, which continued to attract inflows. FPIs invested Rs 622 crore in debt through the general route during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 09 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign Portfolio Investors (FPIs) maintained their buying spree in Indian equities, investing Rs 12,921 crore in the first week of August, driven by improving macroeconomic conditions, expectations of US rate cuts, lower crude oil prices and a stable rupee. The inflow follows a Rs 20,200-crore investment in July, marking a sharp turnaround after four consecutive months of heavy selling. FPIs had withdrawn Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17 trillion in March. Prior to this selling streak, they had invested Rs 22,615 crore in February, according to CDSL data. Despite the recent buying, foreign investors have remained net sellers in Indian equities in 2026, withdrawing Rs 2.41 trillion so far, already exceeding the Rs 1.66 trillion outflow recorded during the entire 2025. Market experts said the recent inflows reflect improving investor sentiment, supported by expectations of US rate cuts, softer crude prices and a stable rupee. The RBI's improved growth and inflation outlook has further strengthened confidence, while relatively low foreign ownership of Indian equities leaves room for fresh allocations, said Vedant Gupte, Co-Founder and CEO of investment platform Trackk. Importantly, a large share of the recent buying has come through the secondary market, signalling stronger interest in listed Indian companies rather than merely IPO allocations, Gupte added. "The sustained buying by both FIIs and DIIs was largely driven by the de-escalation of geopolitical tensions, which helped strengthen investor confidence and supported positive market sentiment," said Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking. V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said an important trend in FPI buying is their preference for sectors such as automobiles, consumer durables and healthcare. Foreign investor interest has also extended to the debt market, which continued to attract inflows. FPIs invested Rs 622 crore in debt through the general route during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 09 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 09 2026 | 7:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 08 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 08 2026 | 8:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 08 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Premier League sponsors First Published: Aug 08 2026 | 6:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 88.12% to Rs 251.29 crore First Published: Aug 08 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 27.76% to Rs 2930.73 crore First Published: Aug 08 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 42.29% to Rs 214.74 crore First Published: Aug 08 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 6.03% to Rs 638.03 crore First Published: Aug 08 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 0.12% to Rs 16.08 crore First Published: Aug 08 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Powerica has reported 27.3% increase in consolidated net profit to Rs 64.3 crore on a 26.7% rise in revenue from operations to Rs 780.1 crore in Q1 FY27 as compared with Q1 FY26. While EBITDA improved by 20.4% year-on-year (YoY) to Rs 106.3 crore, EBITDA margin contracted by 70 basis points YoY to 13.6% in the June'26 quarter. Profit before tax in Q1 FY27 stood at Rs 84.7 crore, up 10.1% from Rs 77.1 crore in Q1 FY26. Bharat Oberoi, chairman and managing director, said: "On segmental basis, our DG Set business contributed 81.4% of the overall revenue and delivered an EBITDA margin of 5.6%. Notably, execution for orders in the MSLG business was impacted by temporary logistical challenges in transporting and installing large engine sets, the pending installations are expected to be completed in the subsequent quarters. The Wind Power business contributed 18.6% of revenue with an EBITDA margin of 48.6%, the improvement in margin is due to seasonality impact and addition 51.3 MW in Feb-26. Looking at the near-term outlook, we expect the H1 FY27 to remain relatively subdued, as commodity price inflation continues to put pressure on our margins. Since the company caters to a diverse range of clients, there is a lag in passing on input costs. We expect margin pressures to gradually ease as price revisions take effect. While the near-term environment remains challenging, our long-term growth outlook remains intact, and we continue to execute our growth strategy with a commitment to delivering double-digit revenue growth in FY27. Over the long term, our growth is supported by a strong order book in DG sets and planned expansion in wind power. As of 31st July 2026, our DG Set order book, powered by Cummins, stood at approximately Rs 1,700 crore, of which data centre-related orders were close to Rs 900 crore, reflecting the significant opportunity in this ecosystem. With our existing portfolio of 330.85 MW alongside under-construction projects and the pipeline, the company has clear visibility to take its IPP Portfolio to 638.35 MW. Powerica is an integrated power solutions provider specializing in diesel generator sets (DG sets), for both primary and standby applications and also into wind power business as an independent power producer (IPP) and EPC including O&M for balance of plant. The scrip had risen 1.66% to end at Rs 531.60 on the BSE. First Published: Aug 08 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 1.16% to Rs 378.14 crore First Published: Aug 08 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 3.74% to Rs 64.42 crore First Published: Aug 08 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 29.77% to Rs 17.95 crore First Published: Aug 08 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 23.02% to Rs 3.58 crore First Published: Aug 08 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dynamatic Technologies has reported 93% jump in consolidated net profit to Rs 20.79 crore on a 14.5% increase in net sales to Rs 424.81 crore in Q1 FY27 as compared with Q1 FY26. On the segmental front, Aerospace segment revenue was Rs 202.25 crore (up 17% YoY), Hydraulics segment revenue was Rs 116.04 crore (up 9.4% YoY) and Metallurgy segment revenue was Rs 106.31 crore (up 15.7% YoY). Total operating expenditure for the period under review was Rs 369.70 crore, up 11% YoY. This was due to higher raw material costs (up 22.7% YoY), higher other expenses (up 14.1% YoY) and higher employee expenses (up 4.8% YoY). As a results, EBITDA improved by 45.9% to Rs 55.11 crore in Q1 FY27 from Rs 37.78 crore in Q1 FY26. EBITDA margin for Q1 FY27 was 13% as against 10.2% in Q1 FY26. Profit before tax in Q1 FY27 stood at Rs 26.39 crore, up 72.1% from Rs 15.33 crore in Q1 FY26. Udayant Malhoutra, CEO and managing director, said: "The Aerospace segment continued to be the major contributor to the companys revenue during the quarter supported by execution across key commercial aerospace programs and an improved product mix supported by sheet metal and detail parts ramp up at our wholly owned subsidiary, Dynamatic Manufacturing. The Airbus A220 doors program made steady progress during the quarter, reflecting the Company's growing capabilities in complex aerostructure manufacturing and reinforcing its position within the global aerospace supply chain. The Hydraulics segment continued to benefit from steady demand across domestic OEMs and industrial customers, with the India business maintaining strong growth momentum. Transfer of business from Swindon to Bangalore is well on its way, enabling a sustainable longer-term business for the company and our customers. The Metallurgy segment remained focused on strengthening its product mix to encash the opportunities in the European automotive market. The business maintained disciplined cost management while advancing its diversification into aerospace, defence and specialised engineering applications." Dynamatic Technologies manufactures highly engineered and critical products for the aerospace and defence, metallurgy and hydraulic segments. The company has engineering and manufacturing facilities in Europe, the UK and India and caters to customers across six continents. The scrip had fallen 1.02% to end at Rs 11273.75 on the BSE on Friday. First Published: Aug 08 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 08 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Aug 08 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 0.31 crore First Published: Aug 08 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Aug 08 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 5.13% to Rs 30.89 crore First Published: Aug 08 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 46.25% to Rs 7.96 crore First Published: Aug 08 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 12.93% to Rs 1095.12 crore First Published: Aug 08 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 1072.84% to Rs 171.00 crore First Published: Aug 08 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 08 2026 | 11:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil India's standalone net profit soared 252.83% YoY to Rs 2,870.21 crore in Q1 FY27, supported by higher crude oil production and improved crude oil price realization. The company said its standalone PAT in Q1 FY27 was the highest ever, aided by an 11% increase in crude oil production and crude oil price realization of $98.73 per barrel. Crude oil production rose to 0.950 MMT from 0.853 MMT in Q1 FY26. Profit before tax (PBT) surged 240.92% YoY to Rs 3741.72 crore in Q1 FY27. <0p> Oil India also achieved its highest-ever daily crude oil production of 10,921 tonnes, equivalent to 84,109 barrels, on 27 June 2026. The companys material subsidiary, Numaligarh Refinery (NRL), reported a 167% YoY increase in PAT to Rs 1,305 crore in Q1 FY27 from Rs 488 crore in Q1 FY26. NRLs gross refining margin (GRM) improved sharply to $35.95 per barrel from $5.02 per barrel, while distillate yield increased to 87.58% from 85.38%. On consolidated basis, the companys net profit jumped 91.40% to Rs 3629.79 crore on 57.70% rise in net sales to Rs 1,250 crore in Q1 FY27 over Q1 FY26. Oil India is engaged in exploration, development, and production of crude oil and natural gas, transportation of crude oil, and production of LPG. It also provides various E&P-related services for oil blocks. The counter declined 1.21% to settle at Rs 441 on Friday, 7 August 2026. First Published: Aug 08 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NRB Bearings has reported 15% rise in consolidated net profit to Rs 38 crore on a 19.2% increase in revenue from operations to Rs 370 crore in Q1 FY27 as compared with Q1 FY26. Total operating expenditure for the period under review was Rs 305.87 crore, up 18.3% YoY. This was due to higher raw material costs (up 10.3% YoY), higher other expenses (up 12.2% YoY) and higher employee expenses (up 15.3% YoY). Profit before tax in Q1 FY27 stood at Rs 51.42 crore, up 14.3% from Rs 45 crore in Q1 FY26. Harshbeena Zaveri, vice chairman & managing director, said: "Our differentiated capabilities in precision engineering from design and development to manufacturing and delivery supported by our global subsidiary network continue to be increasingly valued by customers worldwide." NRB Bearings is Indias leading wide-range manufacturer of bearings and precision components and is the market leader for needle bearings and cylindrical bearings. The scrip added 3.51% to end at Rs 462.10 on the BSE on Friday. First Published: Aug 08 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Strait of Hormuz is, by some accounts, named for a Zoroastrian deity destined to emerge victorious after a 9,000-year standoff with an adversary. Iran's leaders feel their own victory is at hand and won't require the same epic patience. They are betting that military pressure will ultimately force the United States to accept their control over the crucial waterway for global energy - and that time is on their side. They know about the diminishing stockpiles of key US weapons such as advanced missile interceptors. They know the war is deeply unpopular with Americans. They know that as long as the strait is largely closed, the price of gas and other goods will stay high ahead of US congressional elections in November. They know that trying to open it by force would be costly and may require American ground troops. They know their Houthi allies in Yemen could widen the war and disrupt another major trade route. By that logic, US President Donald Trump has no choice but to capitulate. But Iran's strategy carries risks. Trump points to strikes that have decimated Iran's top leadership, navy and air force. He alternates between threatening escalation and saying talks are going well. Iran's own economy has been battered, in part because of a US blockade. Iranians rose up in mass protests just months ago and could do so again. And Iran's leaders need only look to how Trump's "short-term excursion" to the Middle East has bogged down to be reminded that wars rarely turn out as expected. An evolving deal could give Iran a major win Iran says it is close to reaching a deal with Oman to manage the strait, which runs between the two countries. But it would be conditioned on the US lifting its blockade, so even if there are no direct negotiations - as Iran says - Trump would have to approve. It's unclear whether the deal would allow Iran to charge fees. But it would formalise its control over what had been an open international waterway before the war, one that carried a fifth of the world's traded oil and gas. Abdolreza Davari, an analyst who once advised former President Mahmoud Ahmadinejad, said Iran's effective control of the strait has given it leverage with the US and regional countries that can help guarantee its security. "More than revenue from the strait, Iran wants to confirm its management and sovereignty over the strait," he said by phone from Tehran. Formal control over even part of the strait would be a clear win for Iran and a loss for the US, which has yet to accomplish some of its various and shifting goals in the war. It would also deal a blow to global norms on freedom of navigation and set a precedent that much of the world would find disturbing - that nations can shut down trade choke points at will. China, which buys oil from Iran and has influence over it, said as recently as May that "normal and safe passage" through the strait should be restored. Iran feels time is on its side To borrow a phrase from Trump's own theory of geopolitics, Iran believes it holds the cards. "They started the war, but its end was never with them. We always decide for ourselves when it ends," Mahdi Mohammadi, an adviser to Iran's chief negotiator, posted on social media. "Iran is going after the enemy's defeat - not an agreement." He said a surprise Iranian attack on Jordan in July "compensated" for a drop in oil prices. That contributed to the collapse of an interim agreement reached in June that had offered significant concessions to Iran, including a US waiver to sell oil internationally and the promise of broader sanctions relief. Iran has repeatedly said the Strait of Hormuz will not go back to being an open waterway, and that it will keep attacking ships trying to transit without its permission. Iran's joint military command has called it an "unbreakable red line." "For Iran, the Strait of Hormuz has become a strategic lever for deterrence, maintaining the regional balance of power, and reshaping the security rules in the Persian Gulf," said Mostafa Najafi, a Tehran-based security analyst. That poses a major obstacle to ending the war, much less resolving the even more complex, long-standing dispute over Iran's nuclear program. "The atomic issue, because of the conflict in the Strait of Hormuz, has been pushed to the side, and in reality, that is in Iran's interests," said Rahman Ghahremanpour, an Iran-based analyst. Control of the strait would give Iran leverage if the nuclear talks resume, he added. It's still a risky gamble The economic fallout from the war has spread worldwide but is particularly acute in Iran. US and Israeli strikes have pummeled its industrial base. The US blockade has choked off much of its oil exports. Iranians are grappling with triple-digit food inflation. Trump has repeatedly threatened major strikes on civilian infrastructure like water and electricity. In December, a currency crisis sparked some of the biggest anti-government protests in the 47-year history of the Islamic Republic. Authorities responded with a bloody crackdown in which thousands were killed and tens of thousands detained. Many in Iran, including those close to its moderate President Masoud Pezeshkian, fear it may go too far. Mohammad Javad Zarif, who as foreign minister helped negotiate the 2015 nuclear deal, wrote in a recent essay that Iran's achievements in the war had opened "an exceptional window for diplomacy." But he warned that if it doesn't strike a deal soon, then "economic recovery will be difficult, and the possibility of internal unrest or renewed aggression, especially after the US elections, cannot be ruled out." The war has already been marked by surprises. After the first wave of US and Israeli airstrikes on Feb 28 killed Iran's supreme leader and other top officials, Trump suggested it would be over in a matter of weeks. Instead, the conflict has emboldened Iran's leaders and mobilized their supporters. Tehran is using the strait "to show that it has not been defeated," Ghahremanpour said. "It can increase its legitimacy at home." But the strategy could also backfire. Iran's resilience has limits and there are concerns that an economic crash could trigger unrest. "Iran cannot continue with this strategy forever, and at a certain point, in reality, it has to reach a deal with America," he said. But Davari said that for now, Iran can withstand the pressure. "It's unlikely, despite the difficulties of the economic situation, that Iran will retreat from its positions," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 08 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lemon Tree Hotels reported 20.09% jump in consolidated net profit to Rs 46.03 crore in Q1 FY27 compared with Rs 38.33 crore posted in Q1 FY26. Profit before tax (PBT) climbed 25.85% YoY to Rs 79.11 crore in Q1 FY27. Net EBITDA increased 7% to Rs 151.9 crore in Q1 FY27, compared with Rs 142.1 crore in Q1 FY26. However, EBITDA margin moderated to 43.8% from 44.8% in the year-ago quarter. The company reported improvement in key operating parameters during the quarter. Average room rate (ARR) increased 2% YoY to Rs 6,361 from Rs 6,236, while occupancy improved to 75.7% from 72.5%, representing a 314-basis-point increase. Revenue per available room (RevPAR) rose 6% YoY to Rs 4,814. The company expanded its room inventory by 12% YoY to 11,946 rooms during the quarter. Patanjali Keswani, executive chairman Lemon Tree Hotels, said, In Q1 FY27, on the asset-light side, we opened 6 managed and franchised hotels with 334 rooms which we had signed on an average 30 months before In this quarter, we also signed 13 managed and franchised hotels with 1,020 rooms which is over 3x of the inventory we opened. At Aurika, Shimla, our owned 90-room hotel, we have deployed approximately Rs 108 crore of capital as on 30th June 2026. Finishing work and operational licenses are in the final stage and we expect the hotel to open shortly. At Aurika, Shillong, a leased 165-room hotel, we have deployed approximately Rs 33 crores as on 30th June 2026, with the expected opening in H2 FY28 Network revenue for the quarter grew 16% year on year to Rs 576 crore, with owned hotels contributing Rs 320 crore and managed and franchised hotels contributing Rs 256 crore. So, owned hotels contributed 56% of the network revenue in this quarter. Fees from management and franchise contracts for third party-owned hotels stood at Rs 22.8 crores in Q1 FY27, an increase of 42% year on year. Fees from Fleur Hotels stood at Rs 22.6 crore, up 6% year on year. Total management fees for Lemon Tree stood at Rs 45.4 crore, an increase of 21% year on year. Meanwhile, the companys board approved the execution of a Joint Venture Agreement between its wholly owned subsidiary Carnation Hotels and RJ Corp for Arum Hotels, a special purpose vehicle established for the development and execution of the Aurika Shillong project. Under the agreement, Carnation Hotels will hold a 51% equity stake in Arum Hotels, while RJ Corp will hold the remaining 49%. Lemon Tree Hotels (LTHL) is one of the largest hotel chains in India and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale, and economy segments. The group offers seven brands to meet guests needs across all levels, viz., Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels, and Keys Lite by Lemon Tree Hotels. Shares of Lemon Tree Hotels declined 1.51% to close at Rs 111.05 on Friday, 7 August 2026. First Published: Aug 08 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian equity benchmarks ended lower on Friday, weighed down by financial stocks and rising crude oil prices First Published: Aug 08 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kaynes Technology India reported 24.37% decline in consolidated net profit to Rs 56.43 crore in Q1 FY27 compared with Rs 74.61 crore posted in Q1 FY26. Profit before tax (PBT) fell 8.54% YoY to Rs 87.88 crore in the quarter ended 30th June 2026. EBITDA increased 31% YoY to Rs 147.6 crore in Q1 FY27 from Rs 1,130 crore in Q1 FY26. However, EBITDA margin contracted 120 basis points to 15.6% in Q1 FY27 from 16.8% in Q1 FY26, indicating pressure on operating profitability despite robust revenue growth. The company's order book stood at Rs 8,903.8 crore as of 30 June 2026, compared with Rs 7,401.1 crore as of 30 June 2025, reflecting a 20.3% year-on-year increase and providing healthy revenue visibility. Kaynes Technology is an end-to-end, IoT-enabled integrated electronics manufacturer offering services across the Electronics System and Design Manufacturing (ESDM) spectrum. The scrip rose 0.73% to settle at Rs 3,850 on Friday, 7 August 2026. First Published: Aug 08 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 44.04% to Rs 80.26 crore First Published: Aug 08 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 14.53% to Rs 424.81 crore First Published: Aug 08 2026 | 9:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 57.46% to Rs 945.06 crore First Published: Aug 08 2026 | 9:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 77.54% to Rs 2.08 crore First Published: Aug 08 2026 | 9:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 28133.33% to Rs 8.47 crore First Published: Aug 08 2026 | 9:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Aug 08 2026 | 9:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 07 2026 | 10:43 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Markets cool off as investors weigh economic uncertainties, rising oil prices and upcoming employment data against recent weekly gains. The S&P 500 fell 13.59 points (0.2%) to 7,709.96. It pulled further away from its record set on Tuesday, though the index is still solidly on track to notch weekly gains. The Dow Jones Industrial Average fell 464.02 points (0.9%) to 53,885.10. The Nasdaq composite fell 15.09 points (0.1%) to 26,348.35. Oil prices gained ground as uncertainty remains over the U.S. war with Iran that has stifled the global flow of oil. The price of Brent crude, the international standard, rose 3.8% to $82.49. A fifth of the worlds traded oil and natural gas once passed through the Strait of Hormuz. Oil prices surged as high as $113 during the conflict and higher prices have added more heat to inflation by raising the price of gasoline and raising costs for shipping. Iran has said that it is close to a deal with Oman for reopening the Strait of Hormuz. President Donald Trump has also previously said the deal is close but the conflict has had many starts and stops over the last five months. The rate of inflation is stuck above 3% and higher costs have been squeezing businesses and households while threatening to crimp broader economic growth. The U.S. economy expanded at a sluggish 1.5% pace during the second quarter. Employment remains strong while a weekly report showed that the number of Americans applying for unemployment benefits rose last week, though layoffs remain in the historically healthy range of the past few years. Employers pulled back on hiring in June, adding only 57,000 jobs. The latest monthly jobs report for July will be released on Friday. Warner Bros. Discovery rose 1.7% after reporting earnings that came in ahead of what investors were expecting. Molson Coors rose 1.3% after also reporting encouraging financial results. Warner Bros. Discovery rose 1.7% after reporting earnings that came in ahead of what investors were expecting. Molson Coors rose 1.3% after also reporting encouraging financial results. SpaceX rose 6.1% more than 911 million. SpaceX shares held by early investors and employees became eligible for sale on Thursday as a lockup period for the stock expired. That is more than double the shares that were initially offered to the public for sale during the initial public offering for Elon Musks company. SpaceX jumped as high as $225 a share following its market debut in June, but has since slumped below its initial $135 offering price. The stock is currently trading around $115. In Asia, Japans Nikkei 225 fell 0.85% while the Topix rose 0.13%. The Kospi declined 1.38% while the small-cap Kosdaq dropped 2.56%. Australias benchmark S&P/ASX 200 was flat. Hong Kongs Hang Seng Index added 0.15% and mainland Chinas CSI 300 advanced 0.83%. European markets mostly rose. Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.67% from 4.63% late Wednesday. First Published: Aug 07 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Siemens Energy India surged 10.39% to Rs 3,590 after the company's standalone net profit jumped 67.83% to Rs 440.9 crore in Q1 FY27, compared with Rs 262.7 crore in Q1 FY26. Profit before tax (PBT) rose 68.58% YoY to Rs 593.4 crore in Q1 FY27. Profit before tax (PBT) climbed 68.58% YoY to Rs 593.4 crore, while operating profit (EBIT) surged 73.6% to Rs 545 crore from Rs 314 crore a year earlier. The EBIT margin expanded 430 basis points to 21.9%, reflecting improved operating leverage, higher export contribution, and disciplined order execution. The company's order backlog stood at Rs 19,331 crore as of 30 June 2026, marking a 16.4% increase from the year-ago period and providing healthy revenue visibility for the coming quarters. On the segmental front, revenue from the power transmission business jumped 41.98% YoY to Rs 1,386.3 crore, while the power generation segment reported a 36.02% YoY rise in revenue to Rs 1,099.3 crore during the period under review. Commenting on the Q3 FY2026 results, Guilherme Mendonca, managing director and chief executive officer, Siemens Energy India (SEIL), said: "Our strong Q3 FY2026 performance underscores the resilience of our business model and the disciplined execution of our strategy. Healthy revenue growth, expanding profitability, and a robust order backlog provide a solid foundation for sustained value creation. With India adding more than 30 GW of renewable energy capacity in the first half of CY2026 and power demand rising globally driven by electrification, industrial growth, and AI-enabled data centers the need for stronger, smarter, and more flexible energy infrastructure has never been greater. Siemens Energy India (SEIL) provides integrated solutions across the entire energy value chain, spanning power and heat generation, transmission, and energy storage. Its diversified portfolio includes conventional and renewable energy technologies, such as gas and steam turbines, hydrogen-enabled hybrid power plants, power generators, and transformers, catering to the evolving needs of the global energy sector. First Published: Aug 07 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Britannia Industries rose 4.54% to Rs 5,649.50 after reporting healthy earnings for the quarter ended 30 June 2026, supported by double-digit growth in sales and profit. Net sales increased 8.2% YoY and 6.0% QoQ to Rs 4,999.97 crore in Q1 FY27. Total income rose 8.2% YoY and 6.0% QoQ to Rs 5,061.38 crore in the quarter ended 30 June 2026. Profit before tax stood at Rs 797.35 crore in Q1 FY27, up 13.7% YoY and 1.6% QoQ. On the cost front, total expenditure increased 7.4% YoY and 7.3% QoQ to Rs 4,239.37 crore. Raw material consumption increased 9.8% YoY to Rs 2,799.56 crore. Employee benefit expenses declined 13.3% YoY to Rs 209.60 crore. Finance costs declined 12.5% YoY to Rs 22.87 crore, while depreciation expenses declined 3.1% YoY to Rs 79.51 crore. According to the company, consolidated sales stood at Rs 4,964 crore, up 9.5% YoY, while standalone sales grew 10.0% YoY. The company said healthy volume and value growth, market share gains and profits growing faster than revenue were achieved despite higher fuel and freight costs following the West Asia conflict. Managing director and CEO Rakshit Hargave said most key categories gained sequential momentum, with the company exiting the quarter with mid-teen revenue growth driven by rapid expansion in e-commerce, strong general trade performance and higher spending on advertising, influencers and promotions. He added that the international business recovered sequentially as supply chain constraints eased toward the end of the quarter. Looking ahead, Britannia said it remains watchful of the evolving geopolitical situation in West Asia and crude oil volatility, which could impact international operations and domestic input costs. The company plans to drive sustainable growth through innovation, brand investments and continued cost-efficiency initiatives. Britannia Industries is one of India's leading FMCG companies, manufacturing biscuits, dairy products, breads, cakes, rusks and other packaged food products. First Published: Aug 07 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 07 2026 | 10:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Firstsource tanks 16% in 2 days after Q1 show; brokerages mixed on outlook First Published: Aug 07 2026 | 10:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Britannia shares jump 5% after Q1 nos; Nomura retains 'Buy' for 20% upside First Published: Aug 07 2026 | 10:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On Thursday, the rupee depreciated 14 paise to close at 95.22 against the US dollar The rupee traded in a narrow range and depreciated 6 paise to 95.28 against the US dollar in early trade on Friday, tracking a firmer dollar and a rise in US treasury yields. Forex traders said dollar demand from importers and profit-taking after the rupee's recent appreciation appear to have outweighed the favourable global backdrop. At the interbank foreign exchange market, the rupee opened at 95.27, then touched 95.28 against the American currency, registering a fall of 6 paise from its previous close. On Thursday, the rupee depreciated 14 paise to close at 95.22 against the US dollar. "With oil back near USD 83, the dollar firm near 100, and US yields elevated, 95.00-95.10 stands out as a solid support for the rupee, and the currency climbing back towards the 96.00-96.20 zone looks like reality. Global developments, particularly around oil prices and the dollar, are likely to remain the key drivers for the rupee in the near term, keeping the overall bias tilted towards weakness," said CR Forex Advisors MD Amit Pabari. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.02 per cent higher at 99.95. Brent crude, the global oil benchmark, was trading 1.20 per cent higher at USD 83.48 per barrel in futures trade. "The rise in US Treasury yields and renewed geopolitical concerns around the Strait of Hormuz are providing some support to the dollar," said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP. On the domestic equity market front, Sensex declined 235.36 points to 78,699.80 in early trade, while the Nifty fell 24.30 points to 24,608.25. Foreign institutional investors offloaded equities worth Rs 17.86 crore on a net basis on Thursday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 07 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Samvardhana Motherson stock hit a new high post Q1 results on Friday. First Published: Aug 07 2026 | 10:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 06 August 2026 First Published: Aug 07 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rajat Chandak, Senior Fund Manager, ICICI Prudential AMC First Published: Aug 07 2026 | 9:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 9:18 am, the Sensex was down 337 points, or 0.43 per cent, at 78,617.87 First Published: Aug 07 2026 | 9:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Trent down over 2% after Q1; brokerages bullish, see up to 21% upside First Published: Aug 07 2026 | 9:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 24.13% to Rs 325.85 crore First Published: Aug 07 2026 | 9:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 37.89% to Rs 1563.09 crore First Published: Aug 07 2026 | 9:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Railtel Corporation of India said that it has secured a Letter of Acceptance (LoA) from the Ajmer Division of North Western Railway for deploying the Indigenous Train Collision Avoidance System (TCAS). The estimated value of the contract is Rs 37.66 crore, inclusive of taxes, according to the Letter of Acceptance. RailTel Corporation of India was incorporated in 2000 to create a nationwide broadband, VPN, telecom and multimedia network, modernising the train control operations and safety systems of Indian Railways. It is a Navratna public sector undertaking (PSU) under the Government of India. RailTel's network currently passes through around 6,000 railway stations across the country, covering all major commercial centres. The companys standalone net profit marginally declined 0.48% to Rs 65.78 crore in Q1 FY27, compared with Rs 66.10 crore in Q1 FY26. Revenue from operations rose 20.09% to Rs 893.27 crore in Q1 FY27 from Rs 743.83 crore in the corresponding quarter last year. The counter rose 0.33% to end at Rs 290.70 on Thursday, 6 August 2026. First Published: Aug 07 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch today First Published: Aug 07 2026 | 8:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: the Nifty50 and the Sensex are expected to decline on Friday. Investors will assess the quarter performance of BEML, Afcons Infrastructure, and Cello World and other companies during the session. First Published: Aug 07 2026 | 8:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil continued its rise on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those who violated the proposed rules. Brent crude futures ?rose 99 cents, or 1.2 per cent, to $83.48 a barrel by 0010 GMT. US West Texas Intermediate futures rose 85 cents, or 1.1 per cent, to $78.84. Oil futures settled up at over $3 a barrel on Thursday as Iran reviewed a bill to ban US and Israeli vessels from the Strait of Hormuz where roughly a fifth of the world's oil and liquefied natural gas transmitted before the war began at the end of February. Prices fell earlier in the week as a possible solution to the ongoing conflict looked more likely but benchmark Brent breached $80 on ?Thursday after falling below that for the first time since July 13. "Markets have already seen at least one short-lived arrangement earlier this year, so confidence that a new pact would fully restore normal tanker movements remains low," said Tim Waterer, chief market analyst at KCM Trade, noting skepticism had put a floor under prices. An Iranian lawmaker said a parliamentary committee is reviewing a preliminary bill to ban US, Israeli and other vessels deemed hostile from the Strait of Hormuz, and fine violators of the ?proposed restrictions up to 20 per cent of cargo value, according to Fars news agency. Iran is seeking fees of between 5 per cent and 7 per cent of the price of cargoes ?from ships using the strait, according to the senior Iranian official. Oman is discussing fees ?of around 3 per cent, while Washington wants no fees at all. Four industry sources have said the proposed deal is not easily workable due to US sanctions and ?restrictive insurance clauses on any payments. Meanwhile, Yemen's Houthis said they carried out missile and drone attacks on "Saudi deployments" in Marib and Hadramout in Yemen on Thursday. US President Donald ?Trump on Thursday told reporters that he believed the war would be over soon. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 07 2026 | 7:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 07 2026 | 7:53 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bank Nifty, Union Bank: HDFC Securities suggests bull spreads First Published: Aug 07 2026 | 7:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 07 2026 | 7:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock exchanges' new closing auction has drawn criticism from traders First Published: Aug 07 2026 | 6:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BlissClub founder Minu Margeret First Published: Aug 07 2026 | 6:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 06 2026 | 11:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market participants said the RBI's policy outcome has improved sentiment in the corporate bond market after issuance activity slowed ahead of the policy review This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shiprocket aims to raise up to ?1,617.5 crore through its IPO, including a fresh issue of ?885.5 crore and an offer for sale of ?731.9 crore by existing shareholders. (Source: LinkdIn) First Published: Aug 06 2026 | 8:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shiprocket aims to raise up to ?1,617.5 crore through its IPO, including a fresh issue of ?885.5 crore and an offer for sale of ?731.9 crore by existing shareholders. (Source: LinkdIn) First Published: Aug 06 2026 | 8:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 06 2026 | 8:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Securities and Exchange Board of India (Sebi) has sought public comments on the proposals until August 27 Markets regulator Sebi on Thursday proposed allowing Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) to pick minority stakes in under-construction assets, which would help them to secure long-term asset pipeline. In its consultation paper, Sebi proposed that REITs and InvITs be permitted to invest in under-construction projects without having a controlling interest, within the existing limits prescribed for exposure to such assets. "Investing a minority stake in under-construction assets would enable REITs and InvITs to build a pipeline of stable, revenue-generating assets while minimising exposure to construction-related risks,"Sebi said. Additionally, Sebi proposed several measures to facilitate ease of doing business for REITs and InvITs, including reducing the cooling-off period for offer for sale (OFS) by privately listed InvITs, recognising remote common infrastructure as real estate for REITs, and clarifying the computation of the threshold for unit-holder approvals for certain matters. Among the proposals, Sebi has suggested the cooling-off period for illiquid privately placed InvITs be reduced from 12 weeks to 8 weeks. At present, the cooling-off period for transactions -- purchases or sales before and after an OFS -- is based on liquidity. It stands at two weeks for the most liquid shares, four weeks for liquid shares and 12 weeks for illiquid shares. Sebi noted that privately listed InvITs face inherent liquidity constraints due to their high trading lot size of Rs 25 lakh, which limits participation largely to institutional investors, body corporates and high-net-worth individuals. Consequently, trading volumes in such InvITs tend to remain thin and they may fall under the illiquid category because of these structural liquidity constraints. "Considering the submissions of industry association and in order to facilitate ease of doing business, the cooling-off period for illiquid privately placed InvITs may be reduced from 12 weeks to 8 weeks," Sebi said. Also, the regulator has suggested recognising remote common infrastructure, such as captive renewable energy facilities, as "real estate" under REIT regulations. Currently, REIT regulations allow investment in common infrastructure irrespective of whether such facilities are co-located with a REIT project. However, the definition of real estate refers to common infrastructure for composite real estate projects, creating a regulatory inconsistency for infrastructure located away from the main property. Industry representatives have highlighted that this creates difficulties for remote captive renewable energy plants, which may be geographically distant but functionally integrated with commercial real estate. To address the issue and support green energy and sustainability initiatives, Sebi has proposed amending the definition of real estate to cover remote common infrastructure. Consequently, the regulator has also proposed removing a separate provision allowing REITs to invest in equity shares of companies exclusively holding common infrastructure, as such a provision would become redundant once common infrastructure itself is classified as real estate. Separately, Sebi has proposed changes to the exit-offer framework in cases involving a change in sponsor of REITs and InvITs. It has suggested amending the definition of "dissenting unitholders" to cover only those unitholders who have voted against a proposed resolution. The regulator has also proposed clarifying who will provide the exit option when one sponsor exits a REIT or InvIT having multiple sponsors. Further, if public unitholding falls below the prescribed minimum threshold because of an exit offer given to dissenting unitholders, the REIT or InvIT would be required to restore minimum public unitholding within one year from the date of the breach.Sebi has also proposed specifying timelines for various activities related to such exit offers. Also, Sebi proposed amending the threshold for unitholder approval for certain matters, requiring that votes cast in favour of the resolution should be at least 75 per cent of the total votes cast for that resolution. "Thus, the basis for the threshold for unitholder approval for these matters may be changed to the 'total votes cast for the resolution' instead of the 'value'," Sebi proposed. The Securities and Exchange Board of India (Sebi) has sought public comments on the proposals until August 27. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 06 2026 | 8:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(L-R) Aditya Vardhan Agarwal, director, Emami Group & Vidula Agarwal, director, Emami Group First Published: Aug 06 2026 | 8:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(L-R) Aditya Vardhan Agarwal, director, Emami Group & Vidula Agarwal, director, Emami Group First Published: Aug 06 2026 | 8:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 06 2026 | 7:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 06 2026 | 7:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 06 2026 | 7:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From India Ratings and Research First Published: Aug 06 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
.Emcure also indicated that its differentiated product portfolio is helping cushion pricing pressure in developed markets First Published: Aug 06 2026 | 7:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Microsoft launched its largest India data center in Hyderabad on Thursday and has signed up Adani Group and HDFC Bank among early users as it races rivals for the country's fast-growing ?AI market. The India South Central facility brings Microsoft's cloud regions in India to four, adding to existing centers in Pune, Chennai and Mumbai, and cementing its position as the country's largest cloud-computing provider, The Windows maker has committed about $20.5 billion to expand its India opreations, betting on a market of more than 1 billion internet users and one of the world's deepest pools ?of tech talent. Here are more details: • Azure, Microsoft's cloud-computing arm, has posted double-digit revenue increases in India for the last two years, the company said. • Microsoft also operates two data centers in the South Asian nation with Indian billionaire Mukesh Ambani's Jio. • Creating value with AI "requires trusted infrastructure close to where data lives, teams work and decisions are made," said ?Microsoft India President Puneet Chandok, adding the new facility "is a critical part of that foundation" • Rivals Alphabet ?and Amazon are also pouring money into data center capacity in ?India, drawn by the country's large potential pool of AI users. • Not all of those efforts have gone ?smoothly. Environmentalists have accused authorities of fast-tracking a planned Google data center hub in India without weighing risks to water supplies ?and wildlife, allegations the government rejects. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 06 2026 | 6:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 06 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 6.75% to Rs 127250.41 crore First Published: Aug 06 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 06 2026 | 5:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 82.72 crore shares as against 5.84 crore shares on offer. The issue opened for bidding on 05 August 2026 and it will close on 07 August 2026. The price band of the IPO is fixed between Rs 50 and 53 per share. An investor can bid for a minimum of 281 equity shares and multiples thereof. The IPO comprises fresh issue of equity shares worth up to Rs 320 crore and an offer for sale of 1,99,75,000 equity shares aggregating up to Rs 105.87 crore by existing shareholders namely Sandeep Aggarwal and Nikunj Aggarwal. The objectives for the fresh issue include Rs 220 crore for funding working capital requirements, Rs 20 crore for repayment/prepayment of certain borrowings, and the remaining amount for general corporate purposes. The promoters are Sandeep Aggarwal, Nikunj Aggarwal and Esha Gupta. The promoters and promoter group hold an aggregate of 23,31,25,700 equity shares, aggregating to 91.48% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is expected to be around 67.62%. Ardee Industries is engaged in the recycling and refining of non-ferrous metals, primarily lead and lead alloys, through the recovery of end-of-life batteries and metal scrap. The company caters to the energy storage, automotive, e-mobility and industrial sectors, exports its products to multiple countries, and operates a lead recycling facility in Andhra Pradesh with an installed capacity of 156,950 MTPA. It is also planning to expand its recycling capacity and diversify into plastic, tin and copper recycling. Ahead of the IPO, Ardee Industries on Tuesday, 04 August 2026, raised Rs 127.75 crore from anchor investors. The board allotted 2.41 crore shares at Rs 53 each to 7 anchor investors. The firm reported a consolidated net profit of Rs 84.68 crore and sales of Rs 1,167.65 crore for the twelve months ended on 31 March 2026. First Published: Aug 06 2026 | 5:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee depreciated 16 paise to close at 95.24 (provisional) against the US dollar on Thursday, tracking slight gains in the US Dollar Index and a modest increase in US Treasury yields. The rupee was pressured by a slight recovery in the US Dollar Index and foreign fund outflows, even as lower crude oil prices provided some underlying support. Oil prices steadied following the recent downtrend as investors assessed the implications of a proposed shipping agreement through the Strait of Hormuz. Meanwhile, local shares ended with modest gains. The 30-share BSE Sensex rose 373.76 points, or 0.48 percent, to 78,954.76 while the NSE Nifty index finished 11.35 points higher at 24,636. At the interbank foreign exchange, the rupee opened at 95.13 against the greenback and traded in a range of 95.12-95.24 during the session. It eventually settled at 95.24 (provisional), lower by 16 paise from its previous close. First Published: Aug 06 2026 | 5:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 142.92% to Rs 527.15 crore First Published: Aug 06 2026 | 5:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 8.97% to Rs 993.42 crore First Published: Aug 06 2026 | 5:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 36.54% to Rs 67.83 crore First Published: Aug 06 2026 | 5:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 1.69 crore First Published: Aug 06 2026 | 5:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 06 2026 | 3:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Procter & Gamble Health reported a 45.28% jump in standalone net profit to Rs 96.15 crore in the first quarter of FY27, compared with Rs 66.18 crore in the corresponding quarter last year. Revenue from operations increased 7.37% year on year (YoY) to Rs 363.73 crore in Q1 FY27. Profit before tax (PBT) rose 45.38% to Rs 129.12 crore in the June quarter from Rs 88.81 crore in the year-ago period. Milind Thatte, managing director of P&G Health India, said the company began FY27 on a strong note, carrying forward the growth momentum from the previous fiscal. He attributed the performance to sustained top-line and bottom-line growth, driven by strong consumer response to the company's science-backed innovations, new consumer communication initiatives, and strengthened go-to-market and supply chain capabilities. He added that the company remains focused on delivering balanced growth and long-term value creation through its portfolio of trusted brands, product superiority, constructive disruption, productivity and an agile operating model. Procter & Gamble Health is one of India's leading vitamins, minerals and supplements (VMS) companies. Its portfolio includes Neurobion, Livogen, SevenSeas, Evion, Polybion and Nasivion. The scrip declined 5.72% to Rs 6,089 on the BSE. First Published: Aug 06 2026 | 3:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Trent jumped 2.41% to Rs 3179.70 after the company's standalone net profit jumped 25.84% to Rs 531.77 crore compard with Rs 422.59 crore in Q1 FY26. Profit before tax (PBT) rose 26.41% YoY to Rs 701.82 crore in Q1 FY27. Operating EBITDA increased 36% YoY to Rs 847 crore, driven by healthy operating leverage. The company's operating EBIT margin improved to 12.9% in Q1 FY27 from 11.5% in the year-ago quarter, while the gross margin profile of its Westside and Zudio brands remained stable. Emerging categories, including beauty & personal care, innerwear and footwear, contributed more than 21% of revenue during the quarter. The company also said Westside's online business, together with its offering on the Tata Neu platform, continued to gain traction, with online sales accounting for over 6% of Westside's revenue. During the quarter, Trent expanded its fashion retail footprint by opening 1 Westside and 22 Zudio stores, including 1 outlet in the UAE, while consolidating 3 Zudio stores and entering 9 new cities. As of 30 June 2026, the company operated 301 Westside stores, 982 Zudio stores (including 7 stores in the UAE) and 29 stores under other lifestyle concepts, taking its total fashion portfolio to more than 1,300 large-box fashion stores across 330 cities, with a retail footprint exceeding 18 million sq. ft. On a consolidated basis, net profit rose 21.98% YoY to Rs 518.07 crore, while revenue from operations increased 17.84% YoY to Rs 5,754.71 crore. Consolidated operating EBITDA climbed 33% YoY to Rs 848 crore. The Star food and grocery business continued to witness encouraging consumer traction despite an increasingly competitive environment. The company added five new Star stores during the quarter, taking the network to 86 stores across 12 cities. Management said the growing contribution of private labels continues to improve the business's store-level economics. Noel N Tata, Chairman, Trent, said, The business delivered encouraging performance during the quarter notwithstanding continuing macroeconomic volatility and geopolitical events. Our brands continue to represent only a small share of the overall addressable market, providing significant headroom for growth across geographies and customer segments. While external market conditions may influence demand patterns from time to time, our performance is fundamentally anchored in our ability to offer relevant and aspirational products, remain attuned to evolving customer preferences, and respond with agility. We believe this context positions the business well to continue to grow and deliver significant value to its stakeholders. In our Star business, we continue to apply Trents playbook and the contribution of our own brands and products is now over 73% of revenues. Stars operational performance trends reinforce our conviction in the business model and its growth potential. As we look ahead, we will continue to invest in expanding our footprint, with a focus on building scale and strengthening our position across select markets. Trent is part of the Tata Group and operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India's leading chains of fashion retail stores, Zudio, a one stop destination for great fashion at great value and Star, which operates in the competitive food, grocery and daily needs segment. First Published: Aug 06 2026 | 3:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For development, production and supply of Titanium castings for Airbus aircraft programmes Aerolloy Technologies, a wholly owned subsidiary of PTC Industries, today announced that it has signed a landmark agreement with Airbus for the development, production and supply of Titanium castings for the A320neo, A330neo and A350 aircraft programmes. The agreement follows Airbus' evaluation process, under which Aerolloy has been selected to undertake development and industrialisation activities for Titanium casting requirements across these programmes. The scope includes development, qualification and production activities, with qualification forming an important milestone towards serial supply. Under this agreement, Aerolloy will manufacture Titanium castings through its integrated route beginning with Titanium material produced by Aerolloy and continuing through precision casting, machining, inspection and delivery in a fully machined, ready-to-fit condition. First Published: Aug 06 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Several companies linked to the global AI supply chain witnessed sharp declines as investors booked profits and reassessed valuations. SoftBank Group also fell ahead of its quarterly earnings announcement, with investors looking for updates on the company's AI-related investments and future growth prospects. The decline in the market came despite supportive global developments. Oil prices eased further after Iran and Oman reached an agreement on the partial reopening of the Strait of Hormuz, reducing concerns over energy prices and inflation. Lower oil prices could improve the interest rate outlook by easing inflationary pressures. Among individual stocks, Nintendo stood out by reporting better-than-expected quarterly earnings. Strong sales of its Switch 2 gaming console and refunds related to US tariffs supported the company's performance, helping its shares outperform the broader technology sector. First Published: Aug 06 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold mining companies outperformed after gold prices moved higher. The rise in gold was driven by a weaker US dollar and lower US Treasury yields, along with easing geopolitical concerns following reports that Iran and Oman had reached an agreement on a proposed shipping route through the Strait of Hormuz. These developments improved sentiment towards safe-haven assets, benefiting gold-related stocks. Technology stocks, particularly those in the artificial intelligence and semiconductor sectors, witnessed profit booking after recent gains. Investors also reassessed valuations in the sector, leading to a decline in several major chipmakers and technology companies. First Published: Aug 06 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 06 2026 | 3:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The new index comprises a portfolio of 100 stocks, including all 50 constituents of the Nifty Next 50 and the top 50 stocks from the Nifty Midcap 150, selected based on their six-month average free-float market capitalisation. The index follows a free-float market capitalisation-weighted methodology. The Nifty Next 100 has a base date of 1 October 2010 and a base value of 1,000. The index will be reconstituted on a semi-annual basis in March and September. NSE Indices said the benchmark is expected to serve as a reference index for passive investment products such as exchange-traded funds (ETFs), index funds and structured products, while also providing asset managers with a broader benchmark for tracking India's next generation of large-cap companies. According to the index factsheet, the Nifty Next 100 has delivered a 13.42% annualised total return since inception (1 October 2010), while its one-year and five-year annualised total returns stand at 11.03% and 15.77%, respectively. Financial services is the largest sector in the index with a weight of 22.23%, followed by capital goods (13.95%), healthcare (9.34%), power (8.27%), fast-moving consumer goods (7.75%) and automobile & auto components (7.74%). Other key sectors include consumer services, oil & gas, chemicals and metals. The top constituents by weight include Divi's Laboratories (2.47%), TVS Motor Company (2.45%), Tata Motors (2.20%), Federal Bank (2.14%) and Hindustan Aeronautics (2.13%). First Published: Aug 06 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bondada Engineering announced that KCS Engineering Solutions, in which its subsidiary Bondada Dynamics holds a majority stake, has secured defence orders worth Rs 2.10 crore for the supply of specialised defence equipment and materials. The contracts involve the manufacture and supply of specialised defence materials for various strategic locations across India and are scheduled to be executed within six months. Bondada said the orders will be executed through KCS Engineering Solutions, which is engaged in the development and manufacturing of defence systems. The company added that the order strengthens the Bondada Group's presence in India's defence manufacturing sector and supports its strategy to expand in the country's defence and aerospace ecosystem under the Atmanirbhar Bharat initiative. The company also clarified that the contract does not constitute a related-party transaction and that neither its promoters nor members of the promoter group have any interest in the award of the orders. Bondada Engineering reported a 38.23% rise in consolidated net profit to Rs 52.89 crore for the quarter ended 30 June 2026, compared with Rs 38.26 crore in the corresponding quarter of the previous fiscal. Revenue from operations jumped 23.98% year on year (YoY) to Rs 691.65 crore in Q1 FY27. The counter slipped 1.99% to Rs 294.85 on the BSE. First Published: Aug 06 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sheela Foam Ltd, Ion Exchange (India) Ltd, PNC Infratech Ltd and Inventurus Knowledge Solutions Ltd are among the other losers in the BSE's 'A' group today, 06 August 2026. Sheela Foam Ltd, Ion Exchange (India) Ltd, PNC Infratech Ltd and Inventurus Knowledge Solutions Ltd are among the other losers in the BSE's 'A' group today, 06 August 2026. Firstsource Solutions Ltd tumbled 11.46% to Rs 300.45 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 12.23 lakh shares were traded on the counter so far as against the average daily volumes of 2.61 lakh shares in the past one month. Sheela Foam Ltd crashed 8.95% to Rs 703.6. The stock was the second biggest loser in 'A' group.On the BSE, 79479 shares were traded on the counter so far as against the average daily volumes of 20817 shares in the past one month. Ion Exchange (India) Ltd lost 6.97% to Rs 387.2. The stock was the third biggest loser in 'A' group.On the BSE, 1.77 lakh shares were traded on the counter so far as against the average daily volumes of 91122 shares in the past one month. PNC Infratech Ltd plummeted 5.76% to Rs 239.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 5.78 lakh shares were traded on the counter so far as against the average daily volumes of 37728 shares in the past one month. Inventurus Knowledge Solutions Ltd pared 5.39% to Rs 1776.6. The stock was the fifth biggest loser in 'A' group.On the BSE, 31936 shares were traded on the counter so far as against the average daily volumes of 16272 shares in the past one month. First Published: Aug 06 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Promoter holding tracker: RIL among 10 stocks that saw most buying in Q1 | Illustration: Binay Sinha First Published: Aug 06 2026 | 2:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Leap India IPO: Subscription opens on Aug 7; should you apply or avoid? First Published: Aug 06 2026 | 2:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ola Electric today announced it is opening its sales and service network to dealer partners across India. This marks a structural shift in the company's go-to-market approach, five years after it launched its first electric scooters. Ola Electric built its early growth through company owned stores, using them to build EV awareness, establish the brand, and create India's largest EV two-wheeler customer base of over 1 million riders. As the EV industry has matured and consumer acceptance has grown, the company is now evolving this model. Over the coming months, company stores will transition to focus on brand and product experience, while dealer partners will become the backbone of local sales, service and scale across the country. The move follows a month of on ground engagement with dealers nationwide. Ola Electric said the response has been strong, with dealers expressing confidence that the company's product portfolio, combined with their local market execution, can meaningfully accelerate both Ola's sales and EV adoption in India more broadly. First Published: Aug 06 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Defence stocks add ?2.5-trn in m-cap in June quarter; more headroom left? First Published: Aug 06 2026 | 1:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ola Electric on Thursday announced it is opening its sales and service network to dealer partners across India. This marks a structural shift in the company's go-to-market approach, five years after it launched its first electric scooters, Ola Electric said in a statement. Ola Electric built its early growth through company owned stores, using them to build EV awareness, establish the brand, and create India's largest EV two-wheeler customer base of over 10 lakh riders. As the EV industry has matured and consumer acceptance has grown, the company is now evolving this model, it added. Over the coming months, the company stores will transition to focus on brand and product experience, while dealer partners will become the backbone of local sales, service and scale across the country, the company said. The move follows a month of on ground engagement with dealers nationwide. Ola Electric said the response has been strong, with dealers expressing confidence that the company's product portfolio, combined with their local market execution, can meaningfully accelerate both Ola's sales and EV adoption in India more broadly. "This is a big shift in how we go to market, and one that reflects where the EV industry in India is headed. We built our own stores first because trust in EVs had to be earned store by store, city by city. That phase built the foundation." Ola Electric Chairman and Managing Director, Bhavish Aggarwal said. Now, he said,"As the category matures, our job is to bring EVs to every corner of the country, and dealer partners understand their local markets in ways no company owned network can replicate at that scale." Company stores will now be where customers experience the brand and the product at their best, while the dealer partners carry that experience into every town and neighbourhood in India, Aggarwal added. For dealer partners, Ola Electric said it is offering strong brand pull built over five years in the market, a large recurring service opportunity from India's largest EV two-wheeler installed base of over 10 lakh customers, a full product portfolio spanning scooters, motorcycles and energy products including 'Ola Shakti', with more energy products planned, and a dealer economics model designed for strong partner returns. Ola Electric said it expects meaningful on ground scale from the program by Diwali 2026. As part of this transition, BVR Subbu will rejoin Ola Electric as Senior Advisor to support execution. Subbu, former President of Hyundai Motors India, previously served on Ola Electric's board and has been a mentor to Aggarwal, the company said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 06 2026 | 1:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Garware Technical Fibres rose 6.54% to Rs 850.72 after the company reported healthy earnings growth for the quarter ended 30 June 2026. Net sales rose 31.4% YoY and 13.1% QoQ to Rs 482.37 crore in the quarter ended 30 June 2026. Total income increased 29.3% YoY and 13.2% QoQ to Rs 491.30 crore. Profit before tax stood at Rs 86.37 crore in Q1 FY27, up 22.7% YoY and 10.8% QoQ. The company said revenue growth was primarily driven by strong performance in its Synthetic Cordage business, supported by healthy domestic demand, robust growth in the salmon aquaculture business and a return to normal operations in the US following tariff-related disruptions. The Geosynthetics business also maintained strong growth momentum and continued to deliver healthy profitability. On the cost front, total expenditure increased 31.0% YoY and 18.4% QoQ to Rs 401.61 crore. Raw material consumption rose 19.3% YoY to Rs 131.90 crore, while employee expenses increased 11.2% YoY to Rs 64.37 crore. Interest costs rose 5.4% YoY to Rs 3.33 crore, while depreciation increased 25.9% YoY to Rs 9.33 crore. Management said higher raw material costs and elevated freight rates arising from the ongoing Middle East conflict created inflationary pressures during the quarter. However, the company managed these challenges through timely price pass-throughs, proactive supply chain management and strategic procurement initiatives, ensuring uninterrupted customer service. Looking ahead, the company said it remains focused on innovation and new product development while closely monitoring geopolitical developments and raw material price volatility. It expressed confidence in sustaining profitable growth in the coming quarters. Garware Technical Fibres manufactures technical textile solutions for sectors including fisheries, aquaculture, sports, shipping, agriculture, coated fabrics and geosynthetics, with products sold in more than 75 countries. First Published: Aug 06 2026 | 1:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
REC Ltd is quoting at Rs 363.1, down 0.79% on the day as on 13:19 IST on the NSE. The stock tumbled 5.68% in last one year as compared to a 0.23% rally in NIFTY and a 1.85% spurt in the Nifty Financial Services index. REC Ltd dropped for a fifth straight session today. The stock is quoting at Rs 363.1, down 0.79% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.11% on the day, quoting at 24651.6. The Sensex is at 78815.46, up 0.3%.REC Ltd has gained around 1.92% in last one month.Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has eased around 0.34% in last one month and is currently quoting at 26843.9, up 0.18% on the day. The volume in the stock stood at 29.66 lakh shares today, compared to the daily average of 46.47 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 362.55, down 0.63% on the day. REC Ltd tumbled 5.68% in last one year as compared to a 0.23% rally in NIFTY and a 1.85% spurt in the Nifty Financial Services index. The PE of the stock is 5.99 based on TTM earnings ending June 26. First Published: Aug 06 2026 | 1:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Godavari Biorefineries tumbled 5.54% to Rs 252.55 after the company reported a consolidated net loss of Rs 19.31 crore in Q1 FY27, which is higher as compared with the loss figure of Rs 16.01 crore recorded in Q1 FY26. Revenue from operations rose by 4.6% year-on-year (YoY) to Rs 557.87 crore during the quarter. Total expenses added up to Rs 585.77 crore in the June'26 quarter, up 5.3% YoY. The fall in raw material costs (down 9.7% YoY) was more than offset by higher finished good purchases (up 20.9% YoY) and higher other expenses (up 2.4% YoY). The company has posted a pre-tax loss of Rs 25.84 crore for Q1 FY27. It has registered a pre-tax loss of Rs 22.30 crore for Q1 FY26. Godavari Biorefineries is a leading integrated biorefinery focused on the production of bio-based chemicals, ethanol, sugar, and power. The company is among the larger ethanol producers in India and is a pioneer in manufacturing ethanol-based chemicals. First Published: Aug 06 2026 | 1:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Exide Industries Ltd is quoting at Rs 472.2, up 1.11% on the day as on 12:49 IST on the NSE. The stock is up 24.3% in last one year as compared to a 0.16% gain in NIFTY and a 22.35% gain in the Nifty Auto index. Exide Industries Ltd rose for a third straight session today. The stock is quoting at Rs 472.2, up 1.11% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.05% on the day, quoting at 24636.3. The Sensex is at 78800.82, up 0.28%. Exide Industries Ltd has added around 13.92% in last one month. Meanwhile, Nifty Auto index of which Exide Industries Ltd is a constituent, has added around 6.53% in last one month and is currently quoting at 29411.55, down 0.96% on the day. The volume in the stock stood at 33.69 lakh shares today, compared to the daily average of 65.76 lakh shares in last one month. The PE of the stock is 32.98 based on TTM earnings ending June 26. First Published: Aug 06 2026 | 1:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NLC India Ltd is quoting at Rs 305.1, up 0.59% on the day as on 12:44 IST on the NSE. The stock is up 30.75% in last one year as compared to a 0.2% spurt in NIFTY and a 11.9% spurt in the Nifty Energy. NLC India Ltd gained for a fifth straight session today. The stock is quoting at Rs 305.1, up 0.59% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.09% on the day, quoting at 24646.25. The Sensex is at 78818.42, up 0.3%. NLC India Ltd has risen around 0.94% in last one month. Meanwhile, Nifty Energy index of which NLC India Ltd is a constituent, has risen around 1.16% in last one month and is currently quoting at 38830.05, down 0.25% on the day. The volume in the stock stood at 9.73 lakh shares today, compared to the daily average of 21.8 lakh shares in last one month. The PE of the stock is 16.65 based on TTM earnings ending March 26. First Published: Aug 06 2026 | 1:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 06 2026 | 1:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 06 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 06 2026 | 1:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 06 2026 | 12:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FIIs are increasingly pricing in a multi-year expansion in India's industrial economy | Illustration: Binay Sinha First Published: Aug 06 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 06 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Aug 06 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 28.52% to Rs 125.25 crore First Published: Aug 06 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 16.60% to Rs 34912.40 crore First Published: Aug 06 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 217.60% to Rs 10.83 crore First Published: Aug 06 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Omnitech Engineering share price tumbles 14% after Q1 results First Published: Aug 06 2026 | 12:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Medicover's financial ?targets remain unchanged until after completion of the transaction Swedish healthcare provider Medicover agreed on Thursday to sell its India hospital business to funds managed by ?global investment firm KKR for 1.2 billion euros ($1.39 billion). Medicover said the deal would help it focus strategically and operationally on Poland, Germany and Romania. The divestment will bring Medicover gross cash proceeds of 740 million euros. Medicover's financial ?targets remain unchanged until after completion of the transaction, the company said. It expects to complete the divestment in the fourth quarter of 2026. Medicover's ownership in Medicover Hospitals India (MHI) amounts to 66.1 per cent, ?while minority shareholders hold 33.9 per cent. MHI generated annual revenue ?of 220.5 million euros on a last-twelve-months basis as ?of June 30, 2026. In the second quarter, India ?made up 10 per cent of Medicover's revenue, according to its quarterly report. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 06 2026 | 12:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Laurus Labs hit new high in Thursday's trade. Illustration: Binay Sinha First Published: Aug 06 2026 | 12:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Samvardhana Motherson International rose 1.43% to Rs 156.55 after the company reported a 101.64% YoY jump in consolidated net profit to Rs 1,032.05 crore in Q1 FY27. Profit before tax (PBT) stood at Rs 1,532.89 crore in Q1 FY27, up 75.82% from Rs 871.84 crore recorded in Q1 FY26. EBITDA advanced 26% year on year to Rs 3,104 crore. EBITDA margin improved to 8.8% in Q1 FY27 as against 8.2% in Q1 FY26. Vivek Chaand Sehgal, chairman of Motherson, said, Our integrated D.E.M.A.L. capabilities* helped us begin FY27 on a strong note, delivering our highest-ever quarterly revenue, a reflection of our diversified business model and the continued trust of our customers. Despite input cost inflation and an evolving geopolitical environment, disciplined execution and cost optimisation drove resilient profitability. Our balance sheet remains a core strength, with leverage at its lowest-ever level, even as we invest in organic growth, positioning us well to pursue strategic acquisitions in an increasingly dynamic global landscape. Backed by a robust order book, we remain confident in delivering sustainable long-term growth and value for our stakeholders. I thank our teams and customers for their continued support." Samvardhana Motherson International (SAMIL) is a global design, engineering, manufacturing and assembly specialist. The company was established in 1986. The company is focused, dynamic, and progressive, providing customers with innovative and value-added products, services, and solutions. First Published: Aug 06 2026 | 12:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Neuland Laboratories zoomed 8.42% to Rs 21,645.55 after the pharmaceutical company reported a stellar set of earnings for the quarter ended 30 June 2026, driven by robust revenue growth and a sharp improvement in operating margins. Net sales more than doubled, rising 119.16% YoY to Rs 641.58 crore, reflecting strong business momentum during the quarter. Profit before tax (PBT) surged to Rs 197.84 crore in Q1 FY27, up 1,026.01% compared with Rs 17.57 crore in the year-ago period. Operating performance strengthened significantly, with EBITDA jumping 448.2% YoY to Rs 231.1 crore from Rs 42.1 crore in Q1 FY26. EBITDA margin expanded by 1,250 basis points to 35.5%, compared with 14% in the corresponding quarter last year, supported by improved operating leverage and a favourable product mix. Saharsh Davuluri, chief executive officer and managing director, Neuland Laboratories added Q1 FY27 was broadly in line with our expectations with encouraging performance from both CMS & GDS businesses and represents a good start to the year. While Commercial Products contributed to most of the revenue, we are seeing exciting developments in terms of the pipeline projects. The depth of customer conversations today is significantly stronger, and we are increasingly engaging on broader capability-led discussions rather than individual projects alone. Internally our focus now is on ensuring that we deliver consistently, build customer confidence and establish the foundation for longterm partnerships. Even as we have invested significantly over the last three years and all our significant capex projects are proceeding according to plan, I believe the intensity of our investments will further increase based on the opportunities that available to us. Meanwhile, Neuland Laboratories and Gland Pharma have entered into a long-term strategic contract development and manufacturing organization (CDMO) partnership to address the growing global demand for sterile active pharmaceutical ingredients (APIs) used in microparticle depot products and other complex sterile APIs. As part of the collaboration, Gland Pharma will establish a dedicated sterile manufacturing suite for these products, combining Neuland's expertise in complex API development, process chemistry and custom manufacturing with Gland Pharma's sterile manufacturing capabilities and strong regulatory compliance track record. In connection with the partnership, Neuland Laboratories' board has approved the execution of a corporate guarantee of Rs 40 crore in favour of Gland Pharma to support the company's obligations under a proposed Loan Licence Agreement. The agreement will facilitate the establishment of the dedicated manufacturing facility and the associated capital expenditure for producing the specified products. Additionally, the company's board approved the expansion of manufacturing capacity at Unit 1 in Bonthapally Village, Gummadidala Mandal, Sangareddy District, Telangana. The facility is currently operating at 91% capacity utilisation, with an installed capacity of 276.5 kiloliters (KL). The company plans to add 18 KL of capacity through an investment of Rs 39.8 crore to meet growing customer demand. Neuland Laboratories is a pharmaceutical manufacturer providing active pharmaceutical ingredients (APIs), complex intermediates, and custom manufacturing solutions to customers in approximately 80 countries. First Published: Aug 06 2026 | 12:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Allcargo Logistics Ltd, Rajdarshan Industries Ltd, Savita Oil Technologies Ltd and Deccan Gold Mines Ltd are among the other gainers in the BSE's 'B' group today, 06 August 2026. Allcargo Logistics Ltd, Rajdarshan Industries Ltd, Savita Oil Technologies Ltd and Deccan Gold Mines Ltd are among the other gainers in the BSE's 'B' group today, 06 August 2026. Sandesh Ltd soared 20.00% to Rs 1194 at 11:55 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 5524 shares were traded on the counter so far as against the average daily volumes of 34 shares in the past one month. Allcargo Logistics Ltd spiked 17.18% to Rs 9.55. The stock was the second biggest gainer in 'B' group. On the BSE, 49.73 lakh shares were traded on the counter so far as against the average daily volumes of 3.11 lakh shares in the past one month. Rajdarshan Industries Ltd surged 15.29% to Rs 44.4. The stock was the third biggest gainer in 'B' group. On the BSE, 6 shares were traded on the counter so far as against the average daily volumes of 4470 shares in the past one month. Savita Oil Technologies Ltd jumped 14.54% to Rs 777.5. The stock was the fourth biggest gainer in 'B' group. On the BSE, 2.83 lakh shares were traded on the counter so far as against the average daily volumes of 35678 shares in the past one month. Deccan Gold Mines Ltd rose 13.47% to Rs 225.8. The stock was the fifth biggest gainer in 'B' group. On the BSE, 14.01 lakh shares were traded on the counter so far as against the average daily volumes of 2.23 lakh shares in the past one month. First Published: Aug 06 2026 | 12:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dow hits a new record while the Nasdaq retreats as investors weigh strong corporate earnings against ongoing geopolitical tensions in the Middle East. The price of Brent crude fell 0.1% to $79.45 a barrel. Oil prices have been swinging for months and were as high as $102 per barrel at one point during the conflict, jolting already stubbornly high inflation. Higher oil prices pushed gasoline prices higher and increased shipping costs for a wide range of products. Uncertainty about the direction of the U.S. war with Iran continues hanging over the market. President Donald Trump said a deal to reopen the Strait of Hormuz could come as early as Wednesday but there have been many stops and starts during the five-month old conflict that has stifled the global supply of oil and rattled energy markets. The market has been generally rising as companies head into the closing stretch of their latest round of earnings reports with sharp overall gains. Three-quarters of the companies within the S&P 500 have reported results so far and Wall Street expects profit growth of 50% when they are all finished. The Walt Disney Co. rose 3.6% after easily beating Wall Streets profit forecasts helped by a $1 billion box office haul from Toy Story 5 and theme park revenue. Booking Holdings jumped 6.6% after reporting that strong travel demand drove profit and revenue growth during its most recent quarter. Elon Musks SpaceX fell 13.6% following the release late Tuesday of its first quarterly report as a public company which showed that it sharply boosted spending on artificial intelligence. The company did help give semiconductor giant Nvidia a 3.4% boost after announcing it would exclusively use that companys chips for its artificial intelligence technology while that announcement weighed on Advanced Micro Devices which fell 7%. Musk had previously said that SpaceX and his electric vehicle company, Tesla, would use chips from both Advanced Micro Devices and Nvidia. Strong corporate profits and expectations for more growth ahead have been steering stocks higher. Wall Street has also been worried about stock prices becoming unjustifiably high, especially within the technology sector and for companies focused on artificial intelligence. Profit growth, especially for some of the big chipmakers, like Nvidia, could help justify some of the big investments those companies are making in AI. AI-focused companies with their big market values have been behind many of the big market swings and most of Wall Streets gains. In Asia, Japans Nikkei 225 slipped 0.51% while the Topix inched higher. The Kospi dropped 1.84% at open while the small-cap Kosdaq gained 0.15%. Australias benchmark S&P/ASX 200 added 0.1%. Treasury yields slipped in the bond market. The yield on the 10-year Treasury slipped to 4.61% from 4.63% from late Tuesday. First Published: Aug 06 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GE Vernova T&D India has reported 25% rise in net profit to Rs 360 crore on a 38% increase in revenue to Rs 1,840 crore in Q1 FY27 as compared with Q1 FY26. While EBITDA improved by 19% YoY to Rs 460 crore, EBITDA margin contracted by 400 basis points YoY to 25.1% in the June'26 quarter. Profit before tax in Q1 FY27 stood at Rs 487 crore, up 25% from Rs 390 crore in Q1 FY26. Order bookings for the quarter ended in June 2026 were Rs 1,140 crore, down by 30% YoY. Sandeep Zanzaria, managing director & CEO, GE Vernova T&D India, said: "We have had a solid start to the financial year, positioning us well to serve Indias ambitious energy transition goals. As the nations power landscape evolves, we remain committed to a disciplined strategy of pursuing margin accretive growth while maintaining operational excellence. To better serve our customers, we are investing in capex to strengthen our capabilities across HVDC, transformers and reactors, gas-insulated switchgear, circuit breakers, instrument transformers, disconnectors, bushings, and air-core reactors." GE Vernova T&D India, the listed entity of GE Vernovas Electrification segment in India, is a leading player in the power transmission and distribution business. The company provides a versatile and robust range of solutions for connecting and evacuating power from generations sources onto the grid, and a wide range of products including power transformers, circuit breakers, gas-insulated switchgear, instrument transformers, substation automation, digital software solutions, turnkey substation solutions, FACTS, HVDC, and maintenance support. The scrip slipped 1.58% to currently trade at Rs 4303.05 on the BSE today. First Published: Aug 06 2026 | 12:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Magellanic Cloud said its wholly owned subsidiary, Provigil Surveillance, has received a letter of acceptance (LoA) from Western Railway's Ratlam Division for a project worth Rs 12.13 crore. The order involves the supply, installation, testing and commissioning (SITC) of advanced telecom infrastructure and CCTV surveillance systems as part of the upgradation and replacement of telecom passenger amenities and station facilities across the Ratlam Division ahead of Simhastha 2028. Under the contract, Provigil Surveillance will deploy enterprise-grade CCTV systems, IP-based communication infrastructure, networking equipment, passenger information systems, routers, storage solutions and other telecom technologies aimed at enhancing passenger safety, operational efficiency and digital railway infrastructure. The project is scheduled to be completed within nine months. The company said the order strengthens its presence in India's railway modernisation initiatives, expands its portfolio of public sector projects and supports the development of digitally connected and secure railway infrastructure for Simhastha 2028. It added that the project reinforces its position in delivering integrated telecom and intelligent surveillance solutions for critical public infrastructure. Joseph Sudheer Thumma, Global CEO and Managing Director, Magellanic Cloud, said, "this order from Western Railway marks another important milestone in our continued contribution towards strengthening India's critical public infrastructure through intelligent technology solutions. As Indian Railways continues to modernise its passenger amenities and operational infrastructure, we are proud that Provigil has been entrusted to deliver an integrated telecom and e-surveillance ecosystem for this strategically significant project. Beyond the commercial value of the order, it reinforces our growing credibility in executing complex, large-scale government infrastructure projects. We remain committed to delivering secure, scalable and future-ready technology solutions that support India's digital transformation journey while creating long-term value for all our stakeholders. Magellanic Cloud specializes in offering services pertaining to software development, digital transformation, generative artificial intelligence (GenAI), the Internet of Things (IoT), e-surveillance, and advanced drone-based applications. The company's consolidated net profit jumped 32.1% to Rs 29.49 crore on a 31.5% increase in revenue to Rs 205.55 crore in Q4 FY26 over Q4 FY25. The scrip shed 0.35% to Rs 28.79 on the BSE. First Published: Aug 06 2026 | 12:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Neuland Laboratories Ltd, GMM Pfaudler Ltd, Shaily Engineering Plastics Ltd and Hindustan Aeronautics Ltd are among the other gainers in the BSE's 'A' group today, 06 August 2026. Neuland Laboratories Ltd, GMM Pfaudler Ltd, Shaily Engineering Plastics Ltd and Hindustan Aeronautics Ltd are among the other gainers in the BSE's 'A' group today, 06 August 2026. Navin Fluorine International Ltd spiked 10.77% to Rs 8420 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.46 lakh shares were traded on the counter so far as against the average daily volumes of 11408 shares in the past one month. Neuland Laboratories Ltd surged 9.96% to Rs 21954.1. The stock was the second biggest gainer in 'A' group. On the BSE, 38160 shares were traded on the counter so far as against the average daily volumes of 2533 shares in the past one month. GMM Pfaudler Ltd soared 7.31% to Rs 919.85. The stock was the third biggest gainer in 'A' group. On the BSE, 39874 shares were traded on the counter so far as against the average daily volumes of 9273 shares in the past one month. Shaily Engineering Plastics Ltd added 7.17% to Rs 3400. The stock was the fourth biggest gainer in 'A' group. On the BSE, 50592 shares were traded on the counter so far as against the average daily volumes of 27255 shares in the past one month. Hindustan Aeronautics Ltd jumped 6.03% to Rs 4895. The stock was the fifth biggest gainer in 'A' group. On the BSE, 2.41 lakh shares were traded on the counter so far as against the average daily volumes of 49350 shares in the past one month. First Published: Aug 06 2026 | 12:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 06 2026 | 11:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindalco snaps 6-day winning streak post Novelis Q1; Emkay sees 11% upside First Published: Aug 06 2026 | 11:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sterlite Technologies (STL) surged 1.03% to Rs 635.10 after it has secured a long-term international supply agreement worth approximately $210 million from a leading telecom infrastructure company. The contract is for the supply of high-density optical fibre cables and will be executed over a period of three calendar years (CY27CY29). The company said the order has been awarded by an international customer. It also clarified that neither the promoter nor the promoter group has any interest in the awarding entity and that the contract does not fall under related-party transactions. Sterlite Technologies is a global leader in advanced connectivity solutions, providing end-to-end solutions for building AI-ready infrastructure, FTTx, rural, enterprise and data centre networks. data centre & cloud companies, telecom operators, internet service providers and large enterprises collaborate with the company to build their future-ready digital infrastructure. The company's consolidated net profit surged 1,870% year on year (YoY) to Rs 197 crore in Q1 FY27, compared with Rs 10 crore in the corresponding quarter last year. Revenue from operations jumped 87.4% YoY to Rs 1,910 crore from Rs 1,019 crore in Q1 FY26. First Published: Aug 06 2026 | 11:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JK Lakshmi Cement Ltd recorded volume of 2.11 lakh shares by 10:46 IST on BSE, a 41.43 times surge over two-week average daily volume of 5081 shares Clean Science & Technology Ltd, Neuland Laboratories Ltd, Cummins India Ltd, Navin Fluorine International Ltd are among the other stocks to see a surge in volumes on BSE today, 06 August 2026. JK Lakshmi Cement Ltd recorded volume of 2.11 lakh shares by 10:46 IST on BSE, a 41.43 times surge over two-week average daily volume of 5081 shares. The stock gained 4.61% to Rs.597.70. Volumes stood at 5117 shares in the last session. Clean Science & Technology Ltd saw volume of 8.09 lakh shares by 10:46 IST on BSE, a 10.32 fold spurt over two-week average daily volume of 78345 shares. The stock dropped 0.41% to Rs.766.00. Volumes stood at 41016 shares in the last session. Neuland Laboratories Ltd saw volume of 28393 shares by 10:46 IST on BSE, a 9.76 fold spurt over two-week average daily volume of 2908 shares. The stock increased 8.14% to Rs.21,589.00. Volumes stood at 2844 shares in the last session. Cummins India Ltd registered volume of 90164 shares by 10:46 IST on BSE, a 8.74 fold spurt over two-week average daily volume of 10320 shares. The stock rose 0.30% to Rs.5,424.40. Volumes stood at 16702 shares in the last session. Navin Fluorine International Ltd witnessed volume of 1.03 lakh shares by 10:46 IST on BSE, a 5.61 times surge over two-week average daily volume of 18445 shares. The stock increased 6.44% to Rs.8,090.55. Volumes stood at 6113 shares in the last session. First Published: Aug 06 2026 | 11:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee was steady on Thursday, tracking subdued moves in regional peers as Brent crude oil prices held below $80 a barrel and sustained momentum in inflows eased persistent depreciation worries, lifting the currency's carry appeal. Hopes of ?a diplomatic resolution to the US-Iran war have cooled oil prices sharply while data shows that measures the central bank introduced in June to bolster India's balance of payments drew over $40 billion in inflows by the end of July. Both factors are supportive of the Indian currency and have prompted analysts to flag the currency's appeal for carry trades. The rupee had hit a record low of 96.96 per dollar in May but has since recovered, last trading at 95.1550, little changed on the ?day. Carry trades involve borrowing low-yielding currencies to invest in other currencies and assets offering higher yields. The rupee's carry-to-volatility ratio, a key determinant of the appeal of such trades, has been rising supported by the RBI's measures to mitigate FX depreciation pressures, analysts at Goldman Sachs said in a note. BofA Global Research meanwhile says that the rupee offers the best "carry adjusted value," among emerging market currencies since it ranks relatively cheap on valuation metrics while offering a high ?yield. Persistent depreciation pressures earlier in the year had driven the rupee's real effective exchange rate, a measure that adjusts for inflation and trade flows, ?to multi-decadal lows, per central bank data. "It doesn't sound like RBI is looking to ?actively sell dollars to generate INR appreciation, and if anything it may use the dollars to help reduce its net short forward book," analysts ?at MUFG said in a note. "This nonetheless could still overall be a decent outlook for carry for INR." Asian currencies were mostly rangebound on Thursday while the ?dollar index was just shy of the 100 mark. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 06 2026 | 11:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 06 2026 | 11:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dhaval Packaging traded at Rs 112 on the BSE, a 15.46% premium to the issue price of Rs 97. The counter hit a high of Rs 114 and a low of Rs 106. About 15.90 lakh shares of the company changed hands at the counter. Dhaval Packaging's IPO was subscribed 46.38 times. The issue opened for bidding on 30 July 2026 and it closed on 3 August 2026. The price band of the IPO was fixed between Rs 92 to Rs 97 per equity share. The IPO comprised a fresh issue of 37,48,800 equity shares. The company proposes to utilise the net proceeds from the issue towards part financing the establishment of a new manufacturing facility at Plot No. E-552, Sanand-II Industrial Estate, Hirapur, Taluka Sanand, Ahmedabad district; repayment and/or prepayment, in full or part, of certain outstanding secured borrowings; and general corporate purposes. Ahead of the IPO, Dhaval Packaging on 29 July 2026, raised Rs 10.08 crore from anchor investors. The board allotted 10.30 lakh shares at Rs 97 per share to 5 anchor investor. Dhaval Packaging manufactures plastic packaging solutions for the food, FMCG and industrial sectors, with a focus on In-Mold Labeling (IML) food containers and SAW pipe protection plastic end caps. Operating three manufacturing facilities in Sanand, Gujarat, the company has an installed production capacity of over 8,000 kg per day and benefits from integrated manufacturing capabilities, including automated in-house IML production, backward integration for label manufacturing and in-house tooling. Its products cater to industries such as dairy, bakery, pharmaceuticals, oil & gas, construction and infrastructure, and are exported to markets including Malaysia, Mauritius, Canada, the UAE, Qatar and Australia. As of 31 May 2026, the company had 54 permanent employees and 112 contract workers across manufacturing, quality control, sales and marketing, accounts, compliance, and administrative functions. The company recorded revenue from operations of Rs 65.03 crore and net profit of Rs 8.03 crore for the period ended 31 March 2026. First Published: Aug 06 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Whirlpool of India reported a 29.40% decline in consolidated net profit to Rs 102.88 crore in the first quarter of FY27, compared with Rs 145.73 crore in the corresponding quarter last year. However, revenue from operations increased 12.10% year on year (YoY) to Rs 2,726.75 crore in Q1 FY27. The revenue growth was driven by market share gains in the refrigerator and washing machine segments, industry-wide volume growth, price hikes, and continued premiumisation of the company's product portfolio. Profit before tax (PBT) declined 29.36% to Rs 138.75 crore in Q1 FY27 from Rs 196.44 crore in the year-ago period. The company retained its No. 2 position in combined refrigerator and washing machine volume market share across multi-brand outlets (MBOs) and maintained its No. 1 position in direct cool refrigerator volume market share in the MBO channel. The Faridabad manufacturing facility achieved its highest-ever quarterly production volumes despite supply chain disruptions stemming from geopolitical tensions. Profitability was impacted by commodity inflation, elevated crude oil prices, currency depreciation, higher costs arising from new energy regulations for refrigerators and air conditioners, and increased e-waste provisions. The company partly offset these pressures through price hikes and cost-efficiency initiatives under its P4G programme. Elica India, the company's subsidiary, sustained its growth momentum, reporting 26% revenue growth and a 22% rise in PBT in the first quarter of FY27. Separately, Whirlpool of India said its board has approved changes in the company's senior management. Anish Ahuja, currently HeadService, has been appointed as Chief Operating Officer of Whirlpool of India Kitchen Appliances (Elica India), the company's material subsidiary, with effect from 1 September 2026. He will report to Pralhad Bhutada, CEO & Managing Director of Elica India. The board also noted the resignation of Ankit Gupta, HeadManufacturing Finance, with effect from 14 August 2026 to pursue opportunities outside the company. Further, Sourav Chakravarty has been appointed as HeadManufacturing Finance with effect from 10 August 2026. He will report to Aditya Jain, Executive Director and CFO. A Chartered Accountant with around 18 years of experience, Chakravarty has previously worked with ITC and brings expertise in financial performance management, large-scale capital expenditure projects, renewable energy digital transformation, procurement, taxation, and audit governance. Whirlpool of India, headquartered in Gurugram, is one of the leading manufacturers and marketers of major home appliances in the country. It operates three manufacturing facilities at Faridabad, Puducherry and Pune. The scrip fell 0.56% to Rs 802.10 on the BSE. First Published: Aug 06 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kolte-Patil Developers jumped 5.26% to Rs 410.25 after the company added six society redevelopment projects across the Mumbai Metropolitan Region, with a combined estimated gross development value (GDV) of around Rs 6,000 crore. The new projects are located in Santacruz West, Andheri West (Lokhandwala), Oshiwara, Versova, Ghatkopar East and Vashi. These micro-markets have been selected for their strong residential demand, improving infrastructure, excellent connectivity and limited availability of developable land. Kolte-Patil said the projects will strengthen its presence across Mumbai's western and central suburbs as well as Navi Mumbai, while supporting its strategy of pursuing larger opportunities in high-demand, high-value locations. The company expects all six projects to be launched over the next six to twelve months, subject to regulatory approvals. With over a decade of experience in MMRs redevelopment segment, Kolte-Patil has built a strong track record of transforming communities through a transparent, partnership-led and execution-focused approach. The company remains committed to partnering with housing societies to create modern, sustainable developments that elevate the living experience and deliver enduring value to all the stakeholders. Rajesh Patil, Managing Director, Kolte-Patil Developers Limited, said, We are entering a new phase of accelerated growth in MMR. With a combined estimated GDV of approximately Rs. 6,000 crore, these six projects significantly strengthen our development pipeline and reinforce our commitment to build a scaled, high-quality presence in the region. Following our strategic partnership with Blackstone, our focus is on scaling the business through larger project opportunities and a calibrated mix of formats across residential segments, with a sharper emphasis on value-accretive growth. We expect all six projects to be launched over the next 6 to 12 months, subject to requisite approvals. This portfolio reflects the trust that housing societies have placed in Kolte-Patil's redevelopment expertise. It also reinforces our capability to create landmark developments that deliver enduring value to residents, homebuyers and all our stakeholders. Kolte-Patil Developers is a leading real estate company with a dominant presence in the Pune residential market and a diversified presence in Mumbai and Bengaluru. The company had recorded an 82.21% decline in consolidated net profit to Rs 4.50 crore on a 24.12% fall in revenue to Rs 265.33 crore in Q4 FY26 as compared with Q4 FY25. First Published: Aug 06 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
OnePlus smartphones have gone out of stock on the company's official websites in the US, Canada and Mexico following its exit from the Western markets First Published: Aug 06 2026 | 11:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Navine Fluorine International rallied 6.42% to Rs 8,089 after company reported a strong set of earnings for the quarter ended 30 June 2026, driven by robust growth across its three business verticals Revenue from operations rose 44.07% YoY to Rs 1,045.08 crore, reflecting healthy demand across its core business segments. Profit before tax (PBT) surged 105.25% YoY to Rs 318.36 crore in Q1 FY27. Operating performance remained strong, with EBITDA climbing 73% YoY to Rs 357.07 crore from Rs 206.79 crore in Q1 FY26. EBITDA margin expanded by 566 basis points to 34.2%, compared with 28.5% in the year-ago period, indicating improved operating leverage and a favourable business mix. On the segmental front, high performance products (HPP) revenue grew 33% YoY to Rs 540 crore, supported by higher volumes and improved realizations. The Specialty Chemicals business posted 48% YoY growth to Rs 325 crore, aided by strong order visibility. The company said its product pipeline remains robust, with meaningful scale-up across existing molecules and a healthy pipeline of new product launches. Revenue from contract development and manufacturing organisation (CDMO) climbed 82% YoY to Rs 180 crore in Q1 FY27. Meanwhile, the board approved a capital expenditure of Rs 90 crore to establish pilot and scale-up capacities for products under its Advanced Materials portfolio at the company's Surat manufacturing facility. The investment is aimed at accelerating the transition of products from laboratory scale to commercial-scale qualification. Navin Fluorine International is one of the largest Indian manufacturers of specialty fluorochemicals. First Published: Aug 06 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Medico Remedies has secured government supply order for USD 1,406,450 to supply to PROMESE/CAL, Dominican Republic. PROMESE/CAL (Programa de Medicamentos Esenciales y Central de Logtica) is the program responsible for the centralized purchase and distribution of medicines, health supplies and laboratory reagents that meets the demand of the National Public Health System in the Country of Dominican Republic. Medico Remedies has secured the order to supply tablets, capsules and dry syrups to PROMESE/CAL and will complete the supply of the full order within 3 months. First Published: Aug 06 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 06 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharti Hexacom has reported 23.2% rise in net profit to Rs 482 crore on a 10.9% increase in total revenues to Rs 2,510 crore in Q1 FY27 as compared with Q1 FY26. Mobile revenues increased 9.3% YoY, driven by the company's sustained focus on acquiring and retaining high-value customers. ARPU improved to Rs 259 in Q1 FY27 as compared to Rs 246 in Q1 FY26. The company's smartphone data customers base expanded steadily, with 1.3 million new customers added over the past year, representing a YoY increase of 6.0%. Mobile data traffic for the quarter surged to 2,381 petabytes (PBs) representing a YoY increase of 30.5%. The company has deployed 399 towers over the last one year to strengthen coverage and enhance customer experience. The Homes, Office and Other services segment, remained a key growth driver for the company, delivering 61.4% YoY revenue growth, supported by strong net customer additions led by acceleration across Wi-Fi and IPTV offerings. Customer base increased to 0.9 million, and Fiber network footprint expanded to 121 cities in Q1 FY27 as compared to 115 cities in Q1 FY26. While EBITDA improved by 13% YoY to Rs 1,375 crore, EBITDA margin expanded by 100 basis points YoY to 54.8% in the June'26 quarter. Profit before tax in Q1 FY27 stood at Rs 653 crore, up 24% from Rs 527 crore in Q1 FY26. The company's capex for the quarter ended on 30 June 2026 was Rs 382 crore. Bharti Hexacom is a communications solutions provider offering mobile, fixed-line telephone, Wi-Fi and IPTV services to customers in the Rajasthan and the North-East telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. The company offers its services under the brand Airtel. Bharti Airtel held 70% stake in the company as on 30 June 2026. The scrip fell 1.47% to currently trade at Rs 1530.95 on the BSE. First Published: Aug 06 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GE Vernova T&D India Ltd has lost 6.82% over last one month compared to 2.16% fall in BSE Power index and 0.77% rise in the SENSEX GE Vernova T&D India Ltd fell 5.42% today to trade at Rs 4135. The BSE Power index is down 0.91% to quote at 7621.81. The index is down 2.16 % over last one month. Among the other constituents of the index, Hitachi Energy India Ltd decreased 2.1% and Siemens Energy India Ltd lost 1.54% on the day. The BSE Power index went up 14.54 % over last one year compared to the 2.19% fall in benchmark SENSEX. GE Vernova T&D India Ltd has lost 6.82% over last one month compared to 2.16% fall in BSE Power index and 0.77% rise in the SENSEX. On the BSE, 8800 shares were traded in the counter so far compared with average daily volumes of 35409 shares in the past one month. The stock hit a record high of Rs 5650 on 23 Jun 2026. The stock hit a 52-week low of Rs 2525 on 21 Jan 2026. First Published: Aug 06 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Zinc Ltd has added 13.05% over last one month compared to 5.71% gain in BSE Metal index and 0.77% rise in the SENSEX Hindustan Zinc Ltd gained 0.79% today to trade at Rs 600. The BSE Metal index is up 0.88% to quote at 42792.75. The index is up 5.71 % over last one month. Among the other constituents of the index, NMDC Ltd increased 0.68% and National Aluminium Company Ltd added 0.45% on the day. The BSE Metal index went up 38.16 % over last one year compared to the 2.19% fall in benchmark SENSEX. Hindustan Zinc Ltd has added 13.05% over last one month compared to 5.71% gain in BSE Metal index and 0.77% rise in the SENSEX. On the BSE, 59618 shares were traded in the counter so far compared with average daily volumes of 2.1 lakh shares in the past one month. The stock hit a record high of Rs 732.6 on 28 Jan 2026. The stock hit a 52-week low of Rs 414.65 on 11 Aug 2025. First Published: Aug 06 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MV Electrosystems share price lists at 22% premium over IPO price. Illustration: Binay Sinha First Published: Aug 06 2026 | 10:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Juniper Green Energy shares list at 9% premium, meets GMP estimates First Published: Aug 06 2026 | 10:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PB Fintech up 3% after Q1; analysts retain Neutral, see 12% upside First Published: Aug 06 2026 | 9:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 06 2026 | 9:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SBI Q1 Results Preview: Axis Direct's estimates suggest a profit decline of 5.7 per cent Y-o-Y while NII could grow 12.2 per cent. First Published: Aug 06 2026 | 9:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian equity benchmarks are likely to open on a positive note on Thursday. First Published: Aug 06 2026 | 9:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With estimated gross development value of Rs 6,000 cr Kolte Patil Developers announced the addition of six society redevelopment projects across prime locations in the Mumbai Metropolitan Region (MMR), with a combined estimated GDV of Rs. 6,000 crore. Strategically located across Santacruz West, Andheri West (Lokhandwala), Oshiwara, Versova, Ghatkopar East and Vashi, the projects are situated in well-established residential micro-markets that continue to witness growing demand driven by robust infrastructure, strong connectivity and limited availability of developable land. Commenting on the development, Rajesh Patil, Managing Director, Kolte-Patil Developers Limited, said, We are entering a new phase of accelerated growth in MMR. With a combined estimated GDV of approximately Rs. 6,000 crore, these six projects significantly strengthen our development pipeline and reinforce our commitment to build a scaled, high-quality presence in the region. Following our strategic partnership with Blackstone, our focus is on scaling the business through larger project opportunities, and a calibrated mix of formats across residential segments, with a sharper emphasis on value-accretive growth. We expect all six projects to be launched over the next 6 to 12 months, subject to requisite approvals. This portfolio reflects the trust that housing societies have placed in Kolte-Patil's redevelopment expertise. It also reinforces our capability to create landmark developments that deliver enduring value to residents, homebuyers and all our stakeholders. First Published: Aug 06 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Swan Defence and Heavy Industries has secured a contract from Denmark-based towage operator Svitzer A/S to construct four advanced TRAnsverse 3200 tugs. Deliveries for the order are scheduled to commence in early 2028. The contract follows an extensive competitive evaluation of leading global shipyards. The high specification vessels will be constructed to Bureau Veritas class. Co-developed by naval architects Robert Allan and Svitzer, the patented TRAnsverse 3200 design is engineered for complex harbour towage and escort operations. Featuring a unique hydrodynamic hull design and omni-directional propulsion, the vessels are capable of safely guiding large ships through severe weather and restricted port channels. Delivering an 80-tonne bollard pull, the TRAnsverse design is up to 15% more fuel efficient than conventional tug designs, directly supporting global maritime decarbonization goals. First Published: Aug 06 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Life Insurance Corporation of India (LIC) are banned from F&O trading on 6 August 2026. New listing: MV Electrosystems will make its stock market debut today. The Rs 290-crore IPO was offered in a price band of Rs 400425 per share. The issue received bids for 75.30 crore shares against 39.87 lakh shares on offer, resulting in an overall subscription of 188.85 times. Juniper Green Energy is also set to debut on the bourses today. The company's Rs 1,800-crore IPO, priced in the Rs 214225 per share band, received bids for 46.96 crore shares against 5.89 crore shares on offer, translating into an overall subscription of 7.97 times. Earnings Today: Life Insurance Corporation of India (LIC), Hero MotoCorp, Britannia Industries, Lupin, Samvardhana Motherson International, Apollo Tyres, Blue Star, Fortis Healthcare, Crompton Greaves Consumer Electricals, Bosch Home Comfort India, Premier Energies, NCC, Emcure Pharmaceuticals, EIH, Aegis Logistics, PG Electroplast, Firstsource Solutions, Signatureglobal (India), RateGain Travel Technologies, Campus Activewear will declare their quarterly results later today. Stocks to Watch: Aurobindo Pharma reported 28.11% jump in consolidated net profit to Rs 1,056.56 crore in Q1 FY27 compared with Rs 824.75 crore in Q1 FY26. Revenue from operations climbed 16.30% YoY to Rs 9,150.35 crore in Q1 FY27. PB Fintech (Policy Bazaar)s consolidated net profit jumped 92.54% to Rs 162.89 crore on 40.08% increase in revenue from operations to Rs 1,888.28 crore in Q1 FY27 over Q1 FY26. Biocons consolidated net profit surged 872.27% to Rs 142.35 crore in Q1 FY27, compared with Rs 36.76 crore in Q1 FY26. Net sales jumped 10% YoY to Rs 4,336 crore in Q1 FY27. Neuland Laboratories reported 962.37% surge in consolidated net profit to Rs 147.67 crore in Q1 FY27 compared with Rs 13.9 crore posted in year-ago period. Net sales soared 119.16% YoY to Rs 641.58 crore in the quarter ended 30th Jun 2026. Bikaji Foods International's consolidated net profit edged up 0.4% YoY to Rs 60.14 crore in Q1 FY27, compared with Rs 59.90 crore a year ago. Net sales grew 12.5% YoY to Rs 734.26 crore. JK Lakshmi Cement reported 29.60% decline in standalone net profit to Rs 106.77 crore in Q1 FY27 from Rs 151.67 crore in Q1 FY26. Net sales rose 9.41% YoY to Rs 1,904.78 crore in Q1 FY27. First Published: Aug 06 2026 | 9:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 2.35% to Rs 161.69 crore First Published: Aug 06 2026 | 9:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 20.16% to Rs 1544.75 crore First Published: Aug 06 2026 | 9:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 20.74% to Rs 893.63 crore First Published: Aug 06 2026 | 9:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 4.62% to Rs 557.88 crore First Published: Aug 06 2026 | 9:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 25.14% to Rs 1692.71 crore First Published: Aug 06 2026 | 9:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 05 2026 | 9:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Former FIFA vice president Prince Ali bin Al Hussein with the current FIFA president Gianni Infantino Former FIFA vice president Prince Ali bin Al Hussein criticized the soccer body's leadership headed by Gianni Infantino on Tuesday, describing prize money withheld from his Jordan national team as a kind of blackmail. Prince Ali said the Jordanian federation he leads still has not been paid money due for reaching the final of the FIFA Arab Cup played last December in Qatar. In a social media post, Prince Ali said that during the World Cup - where Jordan made its debut in June - he was told if he endorsed FIFA President Gianni Infantino "it would go a long way to helping our FA out." Infantino is under pressure to save his 11-year presidency amid a fierce backlash from global soccer leaders about his now-failed plan to sell a stake in future World Cup profits to investors led by Joshua Kushner. "We pride ourselves in Jordan in upholding ethical values. We did not endorse him before and certainly will not now," said Prince Ali, who placed third in a five-candidate FIFA presidential contest when Infantino was first elected in February 2016. "But the whole situation amounts to blackmail and we refuse to give in to that," the Jordanian royal wrote on Tuesday. FIFA Arab Cup money not paid The 2025 FIFA Arab Cup that Jordan lost in the title match against Morocco was set to pay USD 4.2 million to the beaten finalist, Jordanian media reported last year. "The money our team should receive for having reached the final has not been delivered yet," Prince Ali wrote, "while at the same time FIFA brags about how many billions they have in reserve." "It is clear the problem really is with leadership. For months, FIFA has been refusing to help us on any of these or other matters," he said. FIFA was approached for comment about the claims. Prince Ali's FIFA history Prince Ali was elected by Asian soccer to serve on FIFA's ruling executive committee from 2011-15, and stood against then-president Sepp Blatter in a May 2015 election. That vote to re-elect Blatter was held in the shadow of raids at Zurich hotels two days earlier to arrest soccer officials as part of investigations by US and Swiss federal agencies. Infantino had seemed a lock to be re-elected unopposed for a fourth and final term leading FIFA through 2031 when he left New York two weeks after the World Cup final. Fallout from his secretive private equity plan revealed one week ago has rocked soccer politics with Infantino's former colleagues at European soccer body UEFA now looking for a rival candidate. The proposal underwritten by Kushner's Thrive Eternal fund would have paid $20 million each to Jordan and all other FIFA members had they accepted by a Sept. 19 deadline UEFA also is threatening a boycott of FIFA games, events and meetings, while the leadership of the North American soccer body CONCACAF and the Asian Football Confederation, of which Jordan is a member, also have spoken out against Infantino. FIFA has set a November 18 deadline for candidates to declare for the election by 211 member federations on March 18 in Rabat, Morocco. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 05 2026 | 9:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Client base increases to 39.03 million Angel One reported a client base of 39.03 million for the month of July 2026 (up 18.1% YoY and up 1.1% MoM). Other business parameters during the month: First Published: Aug 05 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharti Airtel shares gain 3%; strong Q1 keeps growth outlook intact First Published: Aug 05 2026 | 9:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Aug 05 2026 | 9:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 10.36% to Rs 36.24 crore First Published: Aug 05 2026 | 9:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs -0.17 crore First Published: Aug 05 2026 | 9:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 162.28% to Rs 281.11 crore First Published: Aug 05 2026 | 9:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 49.83% to Rs 484.41 crore First Published: Aug 05 2026 | 9:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 6.97% to Rs 542.80 crore First Published: Aug 05 2026 | 9:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy today: Two breakout ideas from HDFC Securities First Published: Aug 05 2026 | 8:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch today: Manipal Health, Airtel, ONGC, Nykaa, BSE, LIC & more First Published: Aug 05 2026 | 7:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for progress on opening the Strait of Hormuz dragged on oil prices and bond yields. Japan's Nikkei climbed 3.0 per cent and South Korea added 3.4 per cent, continuing its run of wild swings. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.5 per cent. Not ?all tech firms benefited equally though. Investors appeared to be taking profits on AMD even as its results beat forecasts. Shares in the chipmaker sank 9 per cent after the bell. AI and satellite group SpaceX shed 7.5 per cent, undoing much of a rally in regular trading time, on worries capex spending was eating up all its cash flow. This has been a recurring concern for all AI stocks given the vast cost of compute power, with borrowing costs for the sector continuing to rise. "SpaceX continues to execute strongly operationally, but its ambitious investment program means additional capital will almost certainly be required over the medium to longer term," said Chris Weston, head of research at broker Pepperstone. "How management funds that growth, and at what cost, is likely to remain a central theme for investors over the coming quarters." Nasdaq futures ?dipped 0.1 per cent on the earnings results, while S&P 500 futures added 0.2 per cent after hitting all-time highs on Tuesday. EUROSTOXX 50 futures gained 0.3 per cent, while DAX futures rose 0.5 per cent and FTSE futures added 0.1 per cent. Sentiment was supported by an ongoing slide in oil prices as Qatar said mediators were making progress in efforts to end the US-Iran war, though details were lacking. Brent crude eased 0.4 per cent to $79.02 a barrel, a long way from its July top of $102, while US crude dropped 0.5 per cent to $75.35. The pullback in oil provided some relief from inflation fears and boosted bonds globally, with 10-year Treasury yields now at 4.6187 per cent, down from last week's high of 4.747 per cent. Markets also sharply pared the probability of a September rate hike from the ?Federal Reserve to 57 per cent from 67 per cent. Fed Bank of Kansas City President Jeff Schmid, however, used a speech on Tuesday to call for tighter policy to help bring inflation back to the central bank's 2 per cent target. Currencies were mostly quiet, though the ?New Zealand dollar slipped 0.2 per cent after data showed unemployment hit a decade peak of 5.6 per cent in the June quarter. The euro was ?flat at $1.1532, just short of its recent six-week high at $1.1559. The dollar was a shade lower on the yen at 157.53, with the threat of intervention lingering over traders. US Treasury Secretary Scott Bessent said he was sure Bank ?of Japan Governor Kazuo Ueda will "do what is best" for the country's economy, which markets took as encouragement to raise interest rates further. Japan and the United States launched a rare joint yen-buying intervention last week and vowed to take further ?action if needed to shore up the currency. In commodity markets, the drop in yields helped non-interest-paying gold edge up 0.1 per cent to $4,080 an ounce. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 05 2026 | 7:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Tamil Nadu-based dairy products maker is betting on its premium range of goods such as Greek yogurt and protein-enhanced cottage cheese, which have found ?popularity among India's rapidly growing health-conscious, working-age population India's Milky Mist Dairy Food said on Tuesday it cut the size of its initial public offering to ?1,553 crore ($162.8 million) after pre-listing deals to sell a stake to a Temasek unit, with the IPO set ?to launch next week. Singapore state investor Temasek's unit bought a 5.16 per cent stake via deals in April - ?357 crore in shares and convertible preference shares issued by the company, and ?125 crore in shares bought from founders Sathishkumar T and Anitha S - a red herring prospectus showed late Tuesday. The Tamil Nadu-based dairy products maker is betting on its premium range of goods such as Greek yogurt and protein-enhanced cottage cheese, which have found ?popularity among India's rapidly growing health-conscious, working-age population. Milky Mist initially filed draft papers in July last year and received regulatory approval in October. It was earlier targeting an IPO worth ?2,035 crore. The company will now issue new shares worth ?1,428 crore, while the founders will sell shares worth ?125 crore. The IPO will run from August 11 to 13 and anchor investors will get to bid a day ?earlier on August 10. Shares are expected to list on the BSE and National Stock Exchange on August 18. Milky Mist's profit ?rose about 176 per cent to ?127 crore in the year ended March 31, ?while revenue from operations jumped 34 per cent to ?3,138 crore. CEO K Rathnam told Reuters earlier this year that the company expects to ?maintain about 30 per cent annual revenue growth. The company, which competes with Hatsun Agro and Heritage Foods, said its products are available at more than 375,000 ?retail outlets across India. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 05 2026 | 7:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 05 2026 | 7:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy: Hero MotoCorp among 3 stock ideas by MOFSL First Published: Aug 05 2026 | 7:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 05 2026 | 7:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Aug 05 2026 | 12:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 05 2026 | 12:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 05 2026 | 12:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Q1 beat drives KEI Industries shares 7% higher; JM Fin sees 15% upside First Published: Aug 04 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 04 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee opened on a flat note against the US dollar in early trade on Tuesday, as support from the broad-based weakness in the US Dollar Index amid improving global risk sentiment was negated by dollar demand from importers. INR opened at Rs 95.35 per dollar and hit a high of 95.25 so far during the day. Lower oil prices and a softer US dollar outweighed importer demand for dollars, with market participants now turning their attention to the upcoming RBI MPC decision and key US economic data later this week for further direction. At the interbank foreign exchange market the rupee opened at 95.35, then touched 95.34, registering a gain of 3 paise from its previous close. Local shares are seen opening on a cautious note on Tuesday after four consecutive sessions of gains. The BSE Sensex is trading at 78,811.63 (up 0.22%), while the NSE Nifty 50 sits at 24,611.55 (down 0.66%). First Published: Aug 04 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Larsen & Toubro (L&T) rose 1.05% to Rs 4,042 after its hydrocarbon offshore arm, L&T Energy Hydrocarbon Offshore (LTEH Offshore), secured an ultra-mega offshore contract from ADNOC Offshore for a major project in the Middle East. The project will be executed through a consortium, with LTEH Offshore serving as the lead partner. The scope includes the development of multiple offshore facilities, with L&T responsible for the majority of the work. As the lead consortium partner, LTEH Offshore will undertake engineering, procurement, construction, installation and commissioning (EPCIC) of the offshore facilities, along with the upgrade of existing infrastructure. A significant portion of the fabrication work will be carried out at L&T's advanced fabrication yards, leveraging the company's integrated EPCIC capabilities and extensive experience in executing large and complex offshore projects. LTEH Offshore is a leading EPCIC solutions provider for the offshore oil and gas industry, backed by in-house engineering expertise, world-class fabrication facilities and a dedicated fleet of marine vessels. Over the past four decades, the business has successfully delivered a wide range of offshore developments, including fixed platforms, subsea pipelines and structures, brownfield upgrades, and decommissioning projects across global markets. S N Subrahmanyan, chairman & managing director Larsen & Toubro, said, "This prestigious award from ADNOC reflects the trust our clients place in L&Ts engineering excellence, project execution capabilities and unwavering commitment to delivering complex energy infrastructure projects safely and on schedule. As a long-standing partner in the region, we remain committed to supporting the UAEs energy ambitions through innovative, sustainable and world-class offshore solutions. Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, products and services, operating across diverse domains and multiple geographies. L&T had reported a 14% rise in consolidated net profit to Rs 4,123 crore on a 7% increase in consolidated revenues to Rs 67,942 crore in Q1 FY27 as compared with Q1 FY26. First Published: Aug 04 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aditya Birla Real Estate Ltd has added 0.47% over last one month compared to 0.97% gain in BSE Realty index and 1.76% rise in the SENSEX Aditya Birla Real Estate Ltd lost 1.58% today to trade at Rs 1412. The BSE Realty index is down 0.34% to quote at 7018.69. The index is up 0.97 % over last one month. Among the other constituents of the index, DLF Ltd decreased 1.36% and Prestige Estates Projects Ltd lost 0.67% on the day. The BSE Realty index went down 0.96 % over last one year compared to the 2.33% fall in benchmark SENSEX. Aditya Birla Real Estate Ltd has added 0.47% over last one month compared to 0.97% gain in BSE Realty index and 1.76% rise in the SENSEX. On the BSE, 234 shares were traded in the counter so far compared with average daily volumes of 8562 shares in the past one month. The stock hit a record high of Rs 1974.5 on 17 Sep 2025. The stock hit a 52-week low of Rs 1080.1 on 16 Mar 2026. First Published: Aug 04 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tejas Networks Ltd has lost 11.59% over last one month compared to 10.06% gain in BSE Teck index and 1.76% rise in the SENSEX Tejas Networks Ltd gained 1.14% today to trade at Rs 525.25. The BSE Teck index is up 0.89% to quote at 15966.89. The index is up 10.06 % over last one month. Among the other constituents of the index, Zee Entertainment Enterprises Ltd increased 1.12% and KPIT Technologies Ltd added 1.09% on the day. The BSE Teck index went down 6.77 % over last one year compared to the 2.33% fall in benchmark SENSEX. Tejas Networks Ltd has lost 11.59% over last one month compared to 10.06% gain in BSE Teck index and 1.76% rise in the SENSEX. On the BSE, 4454 shares were traded in the counter so far compared with average daily volumes of 1.31 lakh shares in the past one month. The stock hit a record high of Rs 646.35 on 21 Aug 2025. The stock hit a 52-week low of Rs 294.1 on 27 Jan 2026. First Published: Aug 04 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The BSE Sensex and NSE Nifty 50 displayed a divergent trend in Tuesday's intra-day trade. First Published: Aug 04 2026 | 10:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 1.01% to Rs 191.29 crore First Published: Aug 04 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 9.38% to Rs 1.40 crore First Published: Aug 04 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GE Shipping jumps 14% after Q1 profit doubles, revenue climbs 67% First Published: Aug 04 2026 | 10:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 04 2026 | 9:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rate of special additional excise duty (SAED) on export of diesel will be Rs 25.5 a litre, up from Rs 15.5 a litre. SAED on export of ATF will be Rs 22/litre, as against Rs 14.5/litre earlier. Duty on petrol exports has been raised to Rs 3.5 per litre, from Rs 2.5 per litre levied on July 16. The finance ministry in a notification said the duty hikes will be effective from August 3. The ministry also said that there is no change in the existing duty rates on petrol and diesel cleared for domestic consumption. The windfall tax was levied to increase domestic availability of the fuel amid the war in West Asia. It was also aimed at preventing exporters from taking undue advantage due to price differences as global crude oil prices had risen since the war began. The windfall tax was intended to ensure domestic availability of petroleum products by disincentivizing exports amid the West Asia crises. First Published: Aug 04 2026 | 9:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT August 2026 futures currently traded 47.50 points higher, suggesting a positive opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 922.26 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,571.18 crore in the Indian equity market on 30 July 2026, provisional data showed. The FIIs have bought shares worth Rs 922.26 crore so far in August (till 03 August 2026). This follows their cash sales of Rs 5,778.99 crore in July, Rs 49,028.63 crore in June and Rs 55,963.33 crore in May. Global Markets: Asian markets made cautious gains at the start of trading as investors followed a global rally, with oil prices holding near the lowest levels in weeks as the U.S.-Iran conflict remained at a stalemate. Oil prices made limited gains as trading resumed in Asia, with Brent crude up 0.6% at $84.29 a barrel, after falling to a three-week low on Monday as U.S. President Donald Trump said he had held off on a fresh attack on Iran as a gesture of goodwill in peace talks. However, Tehran has denied that any negotiations ?are ??taking place. Market pricing continues to indicate that September's Federal Reserve meeting will bring an increase to interest rates. Fed funds futures are ??pricing an implied 65% probability of a 25-basis-point hike at the U.S. central bank's next two-day meeting ending on September 16, according to the CME Group's FedWatch tool. Federal Reserve Bank of ??New York President John Williams reportedly said he remained optimistic that inflation pressures are on track to ease gradually, but said the Fed will hike rates if inflation doesn't slow. Overnight in the US, markets took confidence from data showing that U.S. manufacturing activity increased to the highest level in more than four years in July, sending the Dow Jones to a record ??close. The Dow Jones Industrial Average rose 693.38 points, or 1.32%, to 53,178.41, the S&P 500 gained 110.78 points, or 1.48%, to 7,600.50 and the Nasdaq Composite gained 540.04 points, or 2.13%, to 25,913.90. Investors will receive several readings on the labor market this week, culminating with the government jobs report on Friday. Domestic Market: The benchmark indices ended higher on Monday, extending gains for the fourth consecutive trading session. The rally was driven by a sharp decline in Brent crude oil prices amid easing geopolitical tensions in the Middle East. Continued foreign institutional investor (FII) inflows over the past few sessions further boosted sentiment. Broad-based buying lifted most sectoral indices, while the midcap and smallcap indices also ended in the green. The Nifty settled above the 24,750 mark, supported by gains in IT and private banking stocks. Technically, immediate resistance is seen around the 24,800 level, while the 24,100 zone is expected to act as key support. The S&P BSE Sensex jumped 544.39 points or 0.70% to 78,639.03. The Nifty 50 index rose 390.70 points or 1.60% to 24,774.30. In four consecutive sessions, the Sensex rallied 2.44% while the Nifty jumped 3.29%. First Published: Aug 04 2026 | 9:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharti Airtel, Oil and Natural Gas Corporation (ONGC), Pidilite Industries, Bharti Hexacom, Shipping Corporation of India Land and Assets, Marico, Ajmera Realty & Infra India, Alkyl Amines Chemicals, Alembic Pharmaceuticals, ASK Automotive, Avalon Technologies, Castrol India, Tata Investment Corporation, Deepak Nitrite, Dredging Corporation of India, EIH Associated Hotels, Elantas Beck India, Emami, Godrej Properties, Graphite India, Greaves Cotton, Happy Forgings, Hindustan Foods, Kalyan Jewellers India, KSB, C.E. Info Systems, Multi Commodity Exchange of India, Metro Brands, Metropolis Healthcare, Morepen Laboratories, Motherson Sumi Wiring India, NHPC, FSN E-Commerce Ventures(NYkaa) , PNB Housing Finance, Prince Pipes and Fittings, Protean eGov Technologies, RITES, R Systems International, Keystone Realtors, Safari Industries India, Sanofi India, Saregama India, Sheela Foam, Sundram Fasteners, Symphony, Timken India, United Breweries, UNO Minda, Vaibhav Global, Ventive Hospitality, VRL Logistics, Welspun Enterprises, Wonderla Holidays, Zydus Wellness will declare their result later today. Stocks to Watch: Indian Renewable Energy Development Agency (IREDA) reported 37.12% jump in consolidated net profit to Rs 338.53 crore on 14.80% increase in revenue from operations to Rs 2,249.54 crore in Q1 FY27 over Q1 FY26. Life Insurance Corporation of India (LIC) announced that the Government of India will divest up to a 6.5% stake in the insurer through an Offer for Sale (OFS). The floor price has been fixed at Rs 382 per equity share, with the government proposing to sell up to 82.22 crore equity shares. SBI Funds Managements consolidated net profit rose 3.70% YoY to Rs 880.26 crore in Q1 FY27. Total income rose 4.54% to Rs 1,389.89 crore in Q1 FY27 as compared with Rs 1,328.26 crore in Q1 FY26. Krishna Insitute of Medical Sciences (KIMS) reported a 56% decline in consolidated net profit to Rs 41.5 crore despite a 35.33% jump in net sales to Rs 1,179.5 crore in Q1 FY27 over Q1 FY26. Doms Industries consolidated net profit tumbled 23.38% to Rs 44.49 crore despite 19.25% jump in net sales to Rs 670.51 crore in Q1 FY27 ver Q1 FY26. KEI Industries reported 40.05% climb in consolidated net profit to Rs 274.14 crore on 22.97% increase in net sales to Rs 3,185.34 crore in Q1 June 2026 over Q1 June 2025. Kansai Nerolac Paints reported 5.95% rise in consolidated net profit to Rs 231.58 crore on 9.79% increase in net sales to Rs 2,373.59 crore in Q1 FY27 over Q1 FY26. First Published: Aug 04 2026 | 9:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 25.50% to Rs 20.18 crore First Published: Aug 04 2026 | 9:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 9.43% to Rs 25.83 crore First Published: Aug 04 2026 | 9:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 14.03% to Rs 428.77 crore First Published: Aug 04 2026 | 9:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 13.13% to Rs 2091.89 crore First Published: Aug 04 2026 | 9:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 7.50% to Rs 185.12 crore First Published: Aug 04 2026 | 9:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 9.41% to Rs 104.96 crore First Published: Aug 04 2026 | 9:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The GIFT Nifty pointed to a muted start for domestic equities on Tuesday First Published: Aug 04 2026 | 8:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Open Finance to drive capital markets’ next growth phase; MOFSL picks CAMS First Published: Aug 04 2026 | 8:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy: Kotak Securities names these two top picks for investors First Published: Aug 04 2026 | 8:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch today: LIC, Bharti Airtel, BSE, Dabur, IREDA & others First Published: Aug 04 2026 | 8:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: the Nifty50 and the Sensex may open flat with a negative bias as oil prices steadied and Asian markets declined. First Published: Aug 04 2026 | 7:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian markets made cautious gains at the start of trading as investors followed a global rally, with oil prices holding near the lowest levels in weeks as the US-Iran conflict remained at a stalemate. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 per cent, led ?by South Korean shares rallying as much as 2.1 per cent. Japan's Nikkei 225 slid 0.3 per cent, while S&P 500 e-mini futures nudged 0.1 per cent higher. Overnight, markets took confidence from data showing that US manufacturing activity increased to the highest level in more than four years in July, sending the Dow Jones Industrial Average to a record close. "Risk markets have clearly turned a corner," said Chris Weston, head of research at Pepperstone Group in Melbourne. "If the constructive tone from European and US equity markets carries through, buyers should emerge early in the session and provide support for regional risk assets." Oil prices made limited gains ?as trading resumed in Asia, with Brent crude up 0.6 per cent at $84.29 a barrel, after falling to a three-week low on Monday as US President Donald Trump said he had held off on a fresh attack on Iran as a gesture of goodwill in peace talks. However, Tehran has denied that any negotiations are taking place. Against the yen, the dollar was up 0.3 per cent at 157.625 yen, rebuilding strength after coordinated intervention by US and Japanese authorities to prop up the yen last week. The US dollar index, which measures the greenback's strength against a ?basket of six currencies, was pinned near the lowest levels of the past two months at 99.99. The yield on the US 10-year Treasury bond was up 0.2 basis point ?at 4.684 per cent. Market pricing continues to indicate that September's Federal Reserve meeting will bring an increase to ?interest rates. Fed funds futures are pricing an implied 65 per cent probability of a 25-basis-point hike at the US central bank's next two-day meeting ending on September 16, according to ?the CME Group's FedWatch tool. Federal Reserve Bank of New York President John Williams said he remained optimistic that inflation pressures are on track to ease gradually, but said the Fed ?will hike rates if inflation doesn't slow. In cryptocurrencies, bitcoin and ether both slipped 0.5 per cent to $63,446.35 and $1,857.44 respectively. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 04 2026 | 7:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US West ?Texas Intermediate (WTI) crude was $0.61, or 0.7% higher at $80.95 after falling over 5% in the previous session to its lowest in nearly a week Oil prices rebounded slightly on Tuesday, after plunging in the previous session, on concerns Middle Eastern supply remains at risk as a diplomatic resolution to the US-Iran war that has disrupted shipments still seems unlikely. Front-month Brent futures rose $0.62, or 0.7 per cent, to $84.39 a barrel as of 0055 GMT after dropping 7 per cent in the previous session to a three-week low. US West ?Texas Intermediate (WTI) crude was $0.61, or 0.7 per cent higher at $80.95 after falling over 5 per cent in the previous session to its lowest in nearly a week. Prices dropped after US President Donald Trump said on Sunday he was holding off on new attacks on Iran pending ongoing talks to end their war and settle claims over control of the key Strait of Hormuz. The waterway connects Gulf oil producers to global markets and before the conflict energy exports equal to about 20 per cent of total consumption transited daily. However, on Monday, Iran's Foreign Ministry spokesman Esmail Baghaei rejected Trump's claim, saying no negotiations with the US were taking place and no meetings were scheduled. "Some of the sting has been taken out of oil prices ... with Trump pausing strikes on Iran and touting ?a return to negotiations (though) the move lower remains fragile -- oil could just as easily rebound higher if missiles start flying again or if tankers around the Strait of Hormuz come under fire once more," said Tim Waterer, chief market analyst at KCM Trade. The dispute over the Strait of Hormuz remains a central point of contention. Washington says the memorandum of understanding agreed in June required Iran to open the waterway, while Tehran argues the text explicitly preserved its authority. Analysts at Barclays said in the week ended July 31 crude oil and refined product net exports through the strait averaged 4.2 million barrels per day, compared with 3.2 million bpd the previous week. In the Red ?Sea, six Saudi-flagged supertankers changed course in the Gulf of Aden recently and are heading to southern Africa, while two tankers laden with Saudi oil crossed the Bab el-Mandeb Strait, shipping data showed on Monday. Traffic in the Strait ?of Hormuz between Iran and Oman also slowed following reports of vessel attacks, the data showed. Hormuz remains dangerous for vessels. ?The United Kingdom Maritime Trade Operations on Tuesday said it received a report of an incident 20 nautical miles (37 km) northeast of Oman's Al Khasab, after a cargo vessel broadcast over VHF channel 16 that it ?had been hit by an unknown projectile. "While the fighting between Saudi Arabia and the Houthis has not completely halted energy flows, it has forced longer voyage times, higher insurance costs and occasional diversions. With the Strait of Hormuz, ?it keeps a dual-chokepoint risk in the market that prevents oil from fully unwinding its geopolitical premium," Waterer said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 04 2026 | 7:53 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy: Ircon among 3 stock ideas by Geojit Investments First Published: Aug 04 2026 | 7:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 04 2026 | 12:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 03 2026 | 9:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 03 2026 | 9:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Pune-based automaker had sold 366,000 vehicles in July 2025 First Published: Aug 03 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Used in treatment of various types of ophthalmology conditions Biocon announced the commercial launch of Yesafili (aflibercept-jbvf) in the United States. YESAFILI, a vascular endothelial growth factor (VEGF) inhibitor used to treat various types of ophthalmology conditions, is a biosimilar of its reference product EYLEA (aflibercept) 2 mg. The product was approved previously and granted interchangeable designation* by the U.S. Food and Drug Administration in May 2024, allowing substitution at the pharmacy level in accordance with state laws. Shreehas Tambe, CEO & Managing Director, Biocon Ltd., said, The launch of Yesafili in the U.S. marks an important step in expanding the global availability of biosimilar Aflibercept 2 mg for patients with eye conditions. This milestone further strengthens our presence in ophthalmology and builds on our FDA approval as one of the first interchangeable biosimilars to Eylea 2 mg, advancing access to life-changing medicines for patients around the world. First Published: Aug 03 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dixon Tech stock drops 3% post Q1; brokerages see up to 10% upside First Published: Aug 03 2026 | 9:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's foreign exchange reserves gained by $6.12 billion to $682.35 billion in the week ended July 24, 2026, according to data released by the Reserve Bank of India (RBI) on Friday. This increase follows a $1.08 billion rise in the previous week, when the country's forex reserves stood at $676.24 billion. The growth was largely led by a sharp increase in foreign currency assets (FCAs)-the biggest component of the country's forex reserves-which rose by $4.87 billion to $555.93 billion during the reporting week. India's gold reserves also registered a sharp increase, rising $1.31 billion to $103.06 billion. However, the country's holdings of Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) declined by $53 million to $18.62 billion. India's reserve position with the IMF also edged lower by $11 million to $4.75 billion during the week. First Published: Aug 03 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 29.09% to Rs 4303.23 crore First Published: Aug 03 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 51.12% to Rs 266.64 crore First Published: Aug 03 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 8.53% to Rs 24.29 crore First Published: Aug 03 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 19.93% to Rs 490.43 crore First Published: Aug 03 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 03 2026 | 8:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty signalled a positive start for domestic equities on Monday, with the futures trading 136 points higher at 24,589 First Published: Aug 03 2026 | 8:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 03 2026 | 8:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 03 2026 | 8:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 03 2026 | 8:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch today: Maruti Suzuki, ITC, ZEEL, Voda Idea, auto stocks First Published: Aug 03 2026 | 8:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty eyes breakout as bulls challenge key 24,600 resistance: Angel One First Published: Aug 03 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to open on a positive note on hopes for a possible end to hostilities in West Asia. First Published: Aug 03 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to Buy today, Kunal Kamble stock picks First Published: Aug 03 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock ideas for August 2026 by Motilal Oswal Wealth Management Research Desk. First Published: Aug 03 2026 | 7:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kenneth Griffin (right), CEO of Citadel, has sealed a deal to rescue Situational Awareness, founded by Leopold Aschenbrenner (left) First Published: Aug 02 2026 | 10:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Luigi Lovaglio CEO of Banca Monte dei Paschi di Siena First Published: Aug 02 2026 | 10:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty IT index gained 17 per cent in July, its strongest monthly performance in six years. | Illustration: Ajaya Mohanty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty gained 2.2 per cent, the Nifty Midcap 100 rose 1.8 per cent, and the Nifty Smallcap 100 advanced 2.5 per cent in July. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Maruti Suzuki India (MSIL) This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Alok Singh, Chief Investment Officer, Bank of India Mutual Fund This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Direct equity investors should measure portfolio-level XIRR and compare it with the Nifty 50 TRI to know if their time and effort are truly generating alpha. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 02 2026 | 9:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 02 2026 | 8:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 02 2026 | 8:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reserve Bank of India (RBI) First Published: Aug 02 2026 | 7:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Petrol and diesel sales by India's three state-run fuel retailers rose sharply in July as below-normal monsoon rainfall boosted fuel demand from farmers and motorists, preliminary industry sales data showed. Petrol sales by Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) climbed 9.7 per cent to 3.45 million tonnes during July, compared with 3.14 million tonnes in the corresponding period a year ago. The volume was also 15.1 per cent higher than 2.99 million tonnes sold during July 2024 and 36.1 per cent above the level recorded in the same period of 2023. Compared to June, however, petrol sales fell 1.1 per cent from 3.48 million tonnes. Diesel sales, a key indicator of economic activity in India, rose 10.7 per cent year-on-year to 7.12 million tonnes in July from 6.43 million tonnes a year earlier. Diesel is India's most widely used fuel, powering freight transport, agricultural machinery and irrigation. Below-normal monsoon rainfall boosted irrigation demand during the peak sowing season. The volume sold in July was 11.5 per cent higher than in the corresponding period of 2024 and 12.7 per cent above the July 2023 consumption. On a month-on-month basis, diesel sales declined 9.2 per cent from 7.85 million tonnes in June. Fuel sales typically moderate with the onset of the monsoon, which reduces demand for running agricultural irrigation pumps as well as slows vehicular movement. But this year, the monsoon rains arrived late, which led to farmers using diesel to run pumps to irrigate farms. Month-on-month, sales in July remain lower because in June holiday travel picks up due to school and college holidays. Jet fuel (ATF) sales inched up by 2.9 per cent to 659,900 tonnes during July -- volumes that were 2.3 per cent more than the consumption of 641,300 tonnes in July 2024 and 16.5 per cent more than 566,600 tonnes of July 2023. Month-on-month, the consumption fell 4.6 per cent from 691,700 tonnes of June. Liquefied petroleum gas (LPG) sales continued to fall, dropping 17.4 per cent to 2.37 million tonnes. Industry officials said this was largely because some volumes have shifted to piped natural gas since the West Asia crisis. LPG sales have been declining since the onset of the West Asia crisis disrupted supplies, leading to the imposition of consumption restrictions in sectors like hotels and restaurants. The curbs were lifted last month, and sales saw an 8.6 per cent rise to 2.18 million tonnes consumed in June but were lower year-on-year as some industrial and commercial users are now using piped natural gas for their needs, they said. The July LPG consumption was 13.3 per cent lower than 2.73 million tonnes of July 2024 and 1.1 per cent lower than 2.39 million tonnes of July 2023. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 3:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Global FMCG giants see India driving next phase of growth Global consumer products makers have reported strong consumer demand and market share gains in India in the June quarter, highlighting India's role as a long-term growth engine and have indicated plans to step up investments to strengthen their presence in one of the world's fastest-growing consumer markets. Global consumer goods majors such as Mondelez International, L'Oreal, Reckitt, Unilever, Nestle and The Coca-Cola Company see India as a key growth market and a major driver of future growth. In their earnings calls, their top executives have pointed to resilient consumer demand, accelerating premiumisation, expanding distribution networks, focus on low-price packs, strong performance of digital and e-commerce channels, and rising market share across categories in India. American snacking major Mondelez International, maker of brands such as Oreo, Cadbury Dairy Milk and Toblerone, said demand remained "solid" in India during the second quarter of 2026 and that it expanded its retail reach by adding another 1,00,000 stores in the country. "Consumer confidence in the emerging markets, I would say, overall is stable and pretty good. India is very strong," Mondelez Chairman and CEO Dirk Van de Put said during the company's earnings call. French beauty products maker L'Oreal said its India business continued to accelerate in the first half of 2026. Giving a "Special shout-out" to India, which saw a strong acceleration at over 70 per cent in the June quarter, ahead of the market, its CEO Nicolas Hieronimus said: "We have lots of growth opportunities. In India, it's even a bit lower. Clearly it's a focus. The good news is that e-commerce is really doing great, and we are getting better at playing." British FMCG major Reckitt, which owns brands such as Dettol, Durex, Harpic and Veet, reported high single-digit growth in India during the June quarter, supported by broad-based gains across categories. The company attributed the performance to continued sales force automation, wider distribution reach and improved in-store execution. "India continues to perform very strongly with consistent growth across each of our categories, driven by our loved and trusted Powerbrands and activated through increasingly smart distribution," Reckitt CEO Kris Licht said. Unilever CEO Fernando Fernandez described India, as its second-largest market, as it "accelerated strongly" during the quarter. "We have achieved record market share in both Laundry and Hair, our two biggest categories," Fernandez said, adding that the company would continue investing in India to protect and strengthen its leadership position. "We really believe that the next decade is the making of India. We enjoy a privileged position there, and we believe that it will be a key contributor to the growth story of Unilever," he added. Responding to a query, Unilever CFO Srinivas Phatak said the company ideally wants India to be a high single-digit growth market. "And if we can have bottom-line growth slightly ahead of top line, I think that it's really a virtuous circle, which then serves the business in India as well as the group very well," he said. Its Indian arm, Hindustan Unilever Ltd (HUL), reported underlying volume growth of 5 per cent and profit-before-tax growth of 11 per cent in the June quarter. Revenue rose 10 per cent year-on-year to Rs 17,184 crore. Swiss food and beverages major Nestle SA said India continues to be a strong growth driver for the company, with the market expected to post double-digit growth. Nestle Chief Executive Officer Philipp Navratil in its earning call said India's performance was "very, very strong" during the quarter. On the outlook for the India market, Navratil said: "There is a tailwind in terms of the change in sales tax...". Despite this, he maintained that momentum would remain strong. "We still expect double-digit growth coming from India. So India is a growth driver for us, definitely," Navratil said. Nestle India reported a 48.26 per cent on-year rise in consolidated net profit to Rs 958.68 crore in the June quarter and sales were up 25.4 per cent at Rs 6,363.27 crore. Beverage giant Coca-Cola, which reported volume growth from the Indian market, reaffirmed its commitment to India as a long-term growth opportunity, citing significant headroom in both affordable and premium segments. "We do own in India specifically, seven out of the top ten brands today, and building the equity of those brands is our primary goal," The Coca-Cola Company CEO Henrique Braun said while responding to a query on the Asia-Pacific and India region. He said the company continues to invest in capabilities and brands to capture future growth opportunities in the country. Similarly, PepsiCo said growth from its beverage and convenient foods businesses in India contributed to the company's revenue growth during the second quarter of 2026. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 3:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 1:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Under the confidential pre-filing route, companies are allowed to keep their draft offer documents out of the public domain until the regulatory review process reaches a more advanced stage Real estate developer Assetz Ltd has filed preliminary papers with markets regulator Sebi using the confidential route to raise around ?1,200 crore through an initial public offering (IPO). The proposed listing would mark the public-market debut of one of Bengaluru's fastest-growing residential developers, which counts Singapore-based investment fund AGP Partners as a key shareholder. In a public notice on Saturday, the company said it has filed "the pre-filed draft red herring prospectus with Sebi and the stock exchanges... in relation to the proposed initial public offering of its equity shares on the main-board of the stock exchanges". According to people familiar with the matter, the IPO size is pegged around ?1,200 crore. JM Financial, BofA Securities India, and Motilal Oswal Investment Advisors are the book-running lead managers to the proposed issue, they added. Under the confidential pre-filing route, companies are allowed to keep their draft offer documents out of the public domain until the regulatory review process reaches a more advanced stage. As a result, details regarding the offer structure, financial performance, valuation and listing timeline are not available at this stage. Assetz has built an institutional-style operating and governance structure, with its projects structured through special purpose vehicles (SPVs), providing greater transparency and governance at the project level, according to real estate consultants. Over the years, the developer has raised capital at the project level from investors and financial institutions, including JP Morgan, Aditya Birla Capital, Motilal Oswal Alternates, and HDFC Ltd. The company has raised and repaid more than ?1,000 crore of capital over the years, the consultants said. Assetz is led by its shareholder-cum-management team comprising Managing Director Akshay Kishore Dewani and Executive Director Sunil Kumar Pareek, supported by a board of non-executive and independent directors. Singapore-based AGP Partners is a key shareholder in the company. Ben Cameron Melville Salmon, who is associated with the investment fund, serves on Assetz's board as a non-executive director and is not a promoter of the company. Amid robust housing demand in Bengaluru, the developer has also stepped up land acquisitions to expand its project pipeline. It recently acquired around 200 acres to strengthen its presence in the city's high-demand eastern and northern corridors. Overall, Assetz has tied up around 550 acres and has a development pipeline of about 4.5 crore square feet, largely through joint development arrangements, people familiar with the matter said. The Bengaluru-focused developer is also exploring an entry into the Mumbai Metropolitan Region (MMR) as part of its geographical expansion plans, they added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Under the confidential pre-filing route, companies are allowed to keep their draft offer documents out of the public domain until the regulatory review process reaches a more advanced stage Real estate developer Assetz Ltd has filed preliminary papers with markets regulator Sebi using the confidential route to raise around ?1,200 crore through an initial public offering (IPO). The proposed listing would mark the public-market debut of one of Bengaluru's fastest-growing residential developers, which counts Singapore-based investment fund AGP Partners as a key shareholder. In a public notice on Saturday, the company said it has filed "the pre-filed draft red herring prospectus with Sebi and the stock exchanges... in relation to the proposed initial public offering of its equity shares on the main-board of the stock exchanges". According to people familiar with the matter, the IPO size is pegged around ?1,200 crore. JM Financial, BofA Securities India, and Motilal Oswal Investment Advisors are the book-running lead managers to the proposed issue, they added. Under the confidential pre-filing route, companies are allowed to keep their draft offer documents out of the public domain until the regulatory review process reaches a more advanced stage. As a result, details regarding the offer structure, financial performance, valuation and listing timeline are not available at this stage. Assetz has built an institutional-style operating and governance structure, with its projects structured through special purpose vehicles (SPVs), providing greater transparency and governance at the project level, according to real estate consultants. Over the years, the developer has raised capital at the project level from investors and financial institutions, including JP Morgan, Aditya Birla Capital, Motilal Oswal Alternates, and HDFC Ltd. The company has raised and repaid more than ?1,000 crore of capital over the years, the consultants said. Assetz is led by its shareholder-cum-management team comprising Managing Director Akshay Kishore Dewani and Executive Director Sunil Kumar Pareek, supported by a board of non-executive and independent directors. Singapore-based AGP Partners is a key shareholder in the company. Ben Cameron Melville Salmon, who is associated with the investment fund, serves on Assetz's board as a non-executive director and is not a promoter of the company. Amid robust housing demand in Bengaluru, the developer has also stepped up land acquisitions to expand its project pipeline. It recently acquired around 200 acres to strengthen its presence in the city's high-demand eastern and northern corridors. Overall, Assetz has tied up around 550 acres and has a development pipeline of about 4.5 crore square feet, largely through joint development arrangements, people familiar with the matter said. The Bengaluru-focused developer is also exploring an entry into the Mumbai Metropolitan Region (MMR) as part of its geographical expansion plans, they added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Under the confidential pre-filing route, companies are allowed to keep their draft offer documents out of the public domain until the regulatory review process reaches a more advanced stage Real estate developer Assetz Ltd has filed preliminary papers with markets regulator Sebi using the confidential route to raise around ?1,200 crore through an initial public offering (IPO). The proposed listing would mark the public-market debut of one of Bengaluru's fastest-growing residential developers, which counts Singapore-based investment fund AGP Partners as a key shareholder. In a public notice on Saturday, the company said it has filed "the pre-filed draft red herring prospectus with Sebi and the stock exchanges... in relation to the proposed initial public offering of its equity shares on the main-board of the stock exchanges". According to people familiar with the matter, the IPO size is pegged around ?1,200 crore. JM Financial, BofA Securities India, and Motilal Oswal Investment Advisors are the book-running lead managers to the proposed issue, they added. Under the confidential pre-filing route, companies are allowed to keep their draft offer documents out of the public domain until the regulatory review process reaches a more advanced stage. As a result, details regarding the offer structure, financial performance, valuation and listing timeline are not available at this stage. Assetz has built an institutional-style operating and governance structure, with its projects structured through special purpose vehicles (SPVs), providing greater transparency and governance at the project level, according to real estate consultants. Over the years, the developer has raised capital at the project level from investors and financial institutions, including JP Morgan, Aditya Birla Capital, Motilal Oswal Alternates, and HDFC Ltd. The company has raised and repaid more than ?1,000 crore of capital over the years, the consultants said. Assetz is led by its shareholder-cum-management team comprising Managing Director Akshay Kishore Dewani and Executive Director Sunil Kumar Pareek, supported by a board of non-executive and independent directors. Singapore-based AGP Partners is a key shareholder in the company. Ben Cameron Melville Salmon, who is associated with the investment fund, serves on Assetz's board as a non-executive director and is not a promoter of the company. Amid robust housing demand in Bengaluru, the developer has also stepped up land acquisitions to expand its project pipeline. It recently acquired around 200 acres to strengthen its presence in the city's high-demand eastern and northern corridors. Overall, Assetz has tied up around 550 acres and has a development pipeline of about 4.5 crore square feet, largely through joint development arrangements, people familiar with the matter said. The Bengaluru-focused developer is also exploring an entry into the Mumbai Metropolitan Region (MMR) as part of its geographical expansion plans, they added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Under the confidential pre-filing route, companies are allowed to keep their draft offer documents out of the public domain until the regulatory review process reaches a more advanced stage Real estate developer Assetz Ltd has filed preliminary papers with markets regulator Sebi using the confidential route to raise around ?1,200 crore through an initial public offering (IPO). The proposed listing would mark the public-market debut of one of Bengaluru's fastest-growing residential developers, which counts Singapore-based investment fund AGP Partners as a key shareholder. In a public notice on Saturday, the company said it has filed "the pre-filed draft red herring prospectus with Sebi and the stock exchanges... in relation to the proposed initial public offering of its equity shares on the main-board of the stock exchanges". According to people familiar with the matter, the IPO size is pegged around ?1,200 crore. JM Financial, BofA Securities India, and Motilal Oswal Investment Advisors are the book-running lead managers to the proposed issue, they added. Under the confidential pre-filing route, companies are allowed to keep their draft offer documents out of the public domain until the regulatory review process reaches a more advanced stage. As a result, details regarding the offer structure, financial performance, valuation and listing timeline are not available at this stage. Assetz has built an institutional-style operating and governance structure, with its projects structured through special purpose vehicles (SPVs), providing greater transparency and governance at the project level, according to real estate consultants. Over the years, the developer has raised capital at the project level from investors and financial institutions, including JP Morgan, Aditya Birla Capital, Motilal Oswal Alternates, and HDFC Ltd. The company has raised and repaid more than ?1,000 crore of capital over the years, the consultants said. Assetz is led by its shareholder-cum-management team comprising Managing Director Akshay Kishore Dewani and Executive Director Sunil Kumar Pareek, supported by a board of non-executive and independent directors. Singapore-based AGP Partners is a key shareholder in the company. Ben Cameron Melville Salmon, who is associated with the investment fund, serves on Assetz's board as a non-executive director and is not a promoter of the company. Amid robust housing demand in Bengaluru, the developer has also stepped up land acquisitions to expand its project pipeline. It recently acquired around 200 acres to strengthen its presence in the city's high-demand eastern and northern corridors. Overall, Assetz has tied up around 550 acres and has a development pipeline of about 4.5 crore square feet, largely through joint development arrangements, people familiar with the matter said. The Bengaluru-focused developer is also exploring an entry into the Mumbai Metropolitan Region (MMR) as part of its geographical expansion plans, they added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Under the confidential pre-filing route, companies are allowed to keep their draft offer documents out of the public domain until the regulatory review process reaches a more advanced stage Real estate developer Assetz Ltd has filed preliminary papers with markets regulator Sebi using the confidential route to raise around ?1,200 crore through an initial public offering (IPO). The proposed listing would mark the public-market debut of one of Bengaluru's fastest-growing residential developers, which counts Singapore-based investment fund AGP Partners as a key shareholder. In a public notice on Saturday, the company said it has filed "the pre-filed draft red herring prospectus with Sebi and the stock exchanges... in relation to the proposed initial public offering of its equity shares on the main-board of the stock exchanges". According to people familiar with the matter, the IPO size is pegged around ?1,200 crore. JM Financial, BofA Securities India, and Motilal Oswal Investment Advisors are the book-running lead managers to the proposed issue, they added. Under the confidential pre-filing route, companies are allowed to keep their draft offer documents out of the public domain until the regulatory review process reaches a more advanced stage. As a result, details regarding the offer structure, financial performance, valuation and listing timeline are not available at this stage. Assetz has built an institutional-style operating and governance structure, with its projects structured through special purpose vehicles (SPVs), providing greater transparency and governance at the project level, according to real estate consultants. Over the years, the developer has raised capital at the project level from investors and financial institutions, including JP Morgan, Aditya Birla Capital, Motilal Oswal Alternates, and HDFC Ltd. The company has raised and repaid more than ?1,000 crore of capital over the years, the consultants said. Assetz is led by its shareholder-cum-management team comprising Managing Director Akshay Kishore Dewani and Executive Director Sunil Kumar Pareek, supported by a board of non-executive and independent directors. Singapore-based AGP Partners is a key shareholder in the company. Ben Cameron Melville Salmon, who is associated with the investment fund, serves on Assetz's board as a non-executive director and is not a promoter of the company. Amid robust housing demand in Bengaluru, the developer has also stepped up land acquisitions to expand its project pipeline. It recently acquired around 200 acres to strengthen its presence in the city's high-demand eastern and northern corridors. Overall, Assetz has tied up around 550 acres and has a development pipeline of about 4.5 crore square feet, largely through joint development arrangements, people familiar with the matter said. The Bengaluru-focused developer is also exploring an entry into the Mumbai Metropolitan Region (MMR) as part of its geographical expansion plans, they added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Globally, developments surrounding the US-Iran conflict, stability of crude oil supplies will remain important drivers of market sentiment. The domestic stock market is entering a significant trading week, with the RBI's interest rate decision, West Asia situation involving the US-Iran conflict, and crude oil prices emerging as the major driving factors for investors' sentiment, analysts said. Besides, quarterly earnings and trading activity of foreign investors would also be tracked by investors to determine further movement, they added. "This week is expected to be eventful, with the RBI Monetary Policy Committee (MPC) meeting (August 3-5) emerging as the key domestic trigger. Market participants will also closely monitor the ongoing Q1 FY27 earnings season, with several largecap and midcap companies scheduled to announce their results," Ajit Mishra SVP, Research, Religare Broking Ltd, said. Globally, developments surrounding the US-Iran conflict, stability of crude oil supplies through key shipping routes will remain important drivers of market sentiment, he added. After four straight months of selling, foreign investors turned net buyers of Indian equities in July, pumping in Rs 20,200 crore, aided by attractive valuations, improving corporate earnings and easing global headwinds. Investor attention this week will remain firmly focused on geopolitical developments in West Asia, with any further escalation in the US-Iran conflict likely to have an immediate impact on crude oil prices and broader global risk sentiment, Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. Among major quarterly earnings this week are from earning DLF, Bharti Airtel, ONGC, Hero MotoCorp, LIC, and State Bank of India. "Indian equities are expected to trade with a positive bias as healthy domestic macros, and a strong Q1FY27 earnings season continue to support investor confidence. Market participants will closely monitor the RBI's monetary policy decision, India's Manufacturing and Services Purchasing Managers' Index (PMI) data, along with developments in crude oil prices and geopolitical tensions in West Asia," Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, said. Last week, the BSE benchmark Sensex climbed 2,034.87 points, or 2.67 per cent, and the NSE Nifty surged 616.15 points, or 2.59 per cent. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 1:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Globally, developments surrounding the US-Iran conflict, stability of crude oil supplies will remain important drivers of market sentiment. The domestic stock market is entering a significant trading week, with the RBI's interest rate decision, West Asia situation involving the US-Iran conflict, and crude oil prices emerging as the major driving factors for investors' sentiment, analysts said. Besides, quarterly earnings and trading activity of foreign investors would also be tracked by investors to determine further movement, they added. "This week is expected to be eventful, with the RBI Monetary Policy Committee (MPC) meeting (August 3-5) emerging as the key domestic trigger. Market participants will also closely monitor the ongoing Q1 FY27 earnings season, with several largecap and midcap companies scheduled to announce their results," Ajit Mishra SVP, Research, Religare Broking Ltd, said. Globally, developments surrounding the US-Iran conflict, stability of crude oil supplies through key shipping routes will remain important drivers of market sentiment, he added. After four straight months of selling, foreign investors turned net buyers of Indian equities in July, pumping in Rs 20,200 crore, aided by attractive valuations, improving corporate earnings and easing global headwinds. Investor attention this week will remain firmly focused on geopolitical developments in West Asia, with any further escalation in the US-Iran conflict likely to have an immediate impact on crude oil prices and broader global risk sentiment, Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. Among major quarterly earnings this week are from earning DLF, Bharti Airtel, ONGC, Hero MotoCorp, LIC, and State Bank of India. "Indian equities are expected to trade with a positive bias as healthy domestic macros, and a strong Q1FY27 earnings season continue to support investor confidence. Market participants will closely monitor the RBI's monetary policy decision, India's Manufacturing and Services Purchasing Managers' Index (PMI) data, along with developments in crude oil prices and geopolitical tensions in West Asia," Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, said. Last week, the BSE benchmark Sensex climbed 2,034.87 points, or 2.67 per cent, and the NSE Nifty surged 616.15 points, or 2.59 per cent. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 1:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The government's steep increase in taxes on cigarettes and tobacco products has started weighing on the country's leading cigarette makers, with ITC, Godfrey Phillips India, and VST Industries reporting declines in net revenue, volumes and profitability in the April-June quarter, the first full quarter after the revised tax regime came into effect. The three companies together account for more than 90 per cent of the domestic cigarette market, which, according to some reports, has an estimated annual volume of over 100-120 billion sticks. Earlier in February this year, the government raised the goods and services tax (GST) on cigarettes and tobacco products to a flat 40 per cent. It replaced the compensation cess with a new additional excise duty ranging from Rs 2,100-8,500 per 1,000 sticks, depending on cigarette length. Though reported revenues (from operations) of cigarette companies surged as the higher duty component was reflected in sales, their underlying revenues (net revenue) and profits came under pressure as companies grappled with the impact of the unprecedented tax increase. In the June quarter of FY27, market leader ITC's revenue from the cigarettes business grew 73.71 per cent to Rs 16,596.67 crore, from Rs 9,553.86 crore a year earlier -- a rise which the company attributed to its "staggered pricing approach amidst unprecedented increase in tax". However, the company's gross revenue (from sale of products and services) in the cigarettes segment, which strips out duty pass-through, actually fell 31.45 per cent to Rs 3,769.11 crore, from Rs 5,498.93 crore in the year-ago quarter -- pointing to a hit on underlying sales volumes. ITC, which controls over three-fourths of the domestic cigarette market, said it had mounted a "strategic and calibrated response by the Cigarettes Business to the unprecedented increase in tax, balancing the interests of all stakeholders". ITC's cigarette brands include India Kings, Insignia and Classic in the premium segment, and Gold Flake, Wills Navy Cut, Scissors, Capstan and Players in the mass-market segment. Godfrey Phillips India reported a 44.3 per cent decline in consolidated net profit to Rs 198.39 crore for the June quarter. Revenue from operations of the Modi Enterprises firm nearly doubled to Rs 3,819.56 crore, largely on account of Rs 2,614 crore in excise duty paid during the quarter. Excluding excise, its net revenue fell 18.8 per cent to Rs 1,206 crore, from Rs 1,486 crore in the year-ago period, the company said. Godfrey Phillips sells cigarettes under brands, including Cavanders, Four Square, Red & White, Stellar, North Pole and Tipper, besides Marlboro, which is owned by Philip Morris. VST Industries, which owns the Total, Editions and Charms brands, said its quarterly performance was also weighed down by the sharp tax increase. Its revenue nearly doubled to Rs 881.49 crore in the June quarter, from Rs 424.93 crore a year earlier, but profit after tax fell 24.42 per cent to Rs 42.42 crore, from Rs 56.13 crore in the first quarter of FY26. The company's net revenue declined 13.5 per cent to Rs 256 crore, comprising Rs 216 crore from the cigarette business and Rs 40 crore from unmanufactured tobacco, against Rs 296 crore (Rs 255 crore and Rs 41 crore, respectively) in the corresponding quarter of FY26. VST Industries' Cigarette Volume (average per month in million) was down 14 per cent to 611 from 714 of the corresponding period a year ago. The government had, with effect from February 1, revamped the taxation structure for tobacco products by imposing an additional excise duty on cigarettes and other tobacco products and a health cess on pan masala, over and above the highest GST slab of 40 per cent. It had replaced the earlier tax regime of 28 per cent GST plus compensation cess that had been applicable since the rollout of the GST system in July 2017. Under the revised structure, short non-filter cigarettes of up to 65 mm attract an additional duty of about Rs 2.05 per stick, while short filter cigarettes of the same length are subject to an additional duty of around Rs 2.10 per stick. Following the implementation of the new duty structure, cigarette prices were immediately increased by about Rs 22-25 per pack of 10 sticks across several categories, prompting manufacturers to undertake calibrated price hikes and portfolio adjustments at that time. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 12:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, the BSE benchmark Sensex climbed 2,034.87 points, or 2.67 per cent, and the NSE Nifty surged 616.15 points, or 2.59 per cent. The combined market valuation of nine of the top-10 most-valued firms jumped Rs 2.51 trillion last week, with Bajaj Finance emerging as the biggest winner, in tandem with a positive trend in equities. Last week, the BSE benchmark Sensex climbed 2,034.87 points, or 2.67 per cent, and the NSE Nifty surged 616.15 points, or 2.59 per cent. "Markets staged a strong rebound during the week, snapping their recent losing streak as easing crude oil prices, improving geopolitical sentiment, encouraging Q1 FY27 earnings, and renewed foreign institutional investor (FII) buying lifted risk appetite," Ajit Mishra SVP, Research, Religare Broking Ltd, said. While Reliance Industries, Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) were the gainers from the top-10 pack, Hindustan Unilever emerged as the only laggard. The market valuation of Bajaj Finance surged Rs 80,345.97 crore to Rs 7,10,817.51 crore, the most among the top-10 firms. Shares of NBFC Bajaj Finance on Friday ended over 8 per cent higher after the firm reported a 28 per cent year-on-year rise in consolidated profit after tax (PAT) for the June quarter of FY27. Bharti Airtel's valuation soared Rs 44,959.5 crore to reach Rs 12,30,005.63 crore. The market valuation of TCS jumped Rs 40,414.03 crore to Rs 8,55,894.78 crore and that of Reliance Industries climbed Rs 39,447.35 crore to Rs 17,69,108.79 crore. The market capitalisation (mcap) of Larsen & Toubro rallied Rs 21,096.8 crore to Rs 5,41,844.69 crore and that of State Bank of India edged higher by Rs 10,845.97 crore to Rs 9,47,799.81 crore. HDFC Bank's mcap advanced Rs 8,164.73 crore to Rs 11,52,150.63 crore. The valuation of LIC went up Rs 4,427.49 crore to Rs 5,37,435.05 crore and that of ICICI Bank climbed Rs 1,660.37 crore to Rs 10,29,878.30 crore. However, the mcap of Hindustan Unilever declined Rs 10,326.46 crore to Rs 4,93,602.13 crore. Reliance Industries remained the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC, and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 11:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, the BSE benchmark Sensex climbed 2,034.87 points, or 2.67 per cent, and the NSE Nifty surged 616.15 points, or 2.59 per cent. The combined market valuation of nine of the top-10 most-valued firms jumped Rs 2.51 trillion last week, with Bajaj Finance emerging as the biggest winner, in tandem with a positive trend in equities. Last week, the BSE benchmark Sensex climbed 2,034.87 points, or 2.67 per cent, and the NSE Nifty surged 616.15 points, or 2.59 per cent. "Markets staged a strong rebound during the week, snapping their recent losing streak as easing crude oil prices, improving geopolitical sentiment, encouraging Q1 FY27 earnings, and renewed foreign institutional investor (FII) buying lifted risk appetite," Ajit Mishra SVP, Research, Religare Broking Ltd, said. While Reliance Industries, Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) were the gainers from the top-10 pack, Hindustan Unilever emerged as the only laggard. The market valuation of Bajaj Finance surged Rs 80,345.97 crore to Rs 7,10,817.51 crore, the most among the top-10 firms. Shares of NBFC Bajaj Finance on Friday ended over 8 per cent higher after the firm reported a 28 per cent year-on-year rise in consolidated profit after tax (PAT) for the June quarter of FY27. Bharti Airtel's valuation soared Rs 44,959.5 crore to reach Rs 12,30,005.63 crore. The market valuation of TCS jumped Rs 40,414.03 crore to Rs 8,55,894.78 crore and that of Reliance Industries climbed Rs 39,447.35 crore to Rs 17,69,108.79 crore. The market capitalisation (mcap) of Larsen & Toubro rallied Rs 21,096.8 crore to Rs 5,41,844.69 crore and that of State Bank of India edged higher by Rs 10,845.97 crore to Rs 9,47,799.81 crore. HDFC Bank's mcap advanced Rs 8,164.73 crore to Rs 11,52,150.63 crore. The valuation of LIC went up Rs 4,427.49 crore to Rs 5,37,435.05 crore and that of ICICI Bank climbed Rs 1,660.37 crore to Rs 10,29,878.30 crore. However, the mcap of Hindustan Unilever declined Rs 10,326.46 crore to Rs 4,93,602.13 crore. Reliance Industries remained the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC, and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 11:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, the BSE benchmark Sensex climbed 2,034.87 points, or 2.67 per cent, and the NSE Nifty surged 616.15 points, or 2.59 per cent. The combined market valuation of nine of the top-10 most-valued firms jumped Rs 2.51 trillion last week, with Bajaj Finance emerging as the biggest winner, in tandem with a positive trend in equities. Last week, the BSE benchmark Sensex climbed 2,034.87 points, or 2.67 per cent, and the NSE Nifty surged 616.15 points, or 2.59 per cent. "Markets staged a strong rebound during the week, snapping their recent losing streak as easing crude oil prices, improving geopolitical sentiment, encouraging Q1 FY27 earnings, and renewed foreign institutional investor (FII) buying lifted risk appetite," Ajit Mishra SVP, Research, Religare Broking Ltd, said. While Reliance Industries, Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) were the gainers from the top-10 pack, Hindustan Unilever emerged as the only laggard. The market valuation of Bajaj Finance surged Rs 80,345.97 crore to Rs 7,10,817.51 crore, the most among the top-10 firms. Shares of NBFC Bajaj Finance on Friday ended over 8 per cent higher after the firm reported a 28 per cent year-on-year rise in consolidated profit after tax (PAT) for the June quarter of FY27. Bharti Airtel's valuation soared Rs 44,959.5 crore to reach Rs 12,30,005.63 crore. The market valuation of TCS jumped Rs 40,414.03 crore to Rs 8,55,894.78 crore and that of Reliance Industries climbed Rs 39,447.35 crore to Rs 17,69,108.79 crore. The market capitalisation (mcap) of Larsen & Toubro rallied Rs 21,096.8 crore to Rs 5,41,844.69 crore and that of State Bank of India edged higher by Rs 10,845.97 crore to Rs 9,47,799.81 crore. HDFC Bank's mcap advanced Rs 8,164.73 crore to Rs 11,52,150.63 crore. The valuation of LIC went up Rs 4,427.49 crore to Rs 5,37,435.05 crore and that of ICICI Bank climbed Rs 1,660.37 crore to Rs 10,29,878.30 crore. However, the mcap of Hindustan Unilever declined Rs 10,326.46 crore to Rs 4,93,602.13 crore. Reliance Industries remained the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC, and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 11:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, the BSE benchmark Sensex climbed 2,034.87 points, or 2.67 per cent, and the NSE Nifty surged 616.15 points, or 2.59 per cent. The combined market valuation of nine of the top-10 most-valued firms jumped Rs 2.51 trillion last week, with Bajaj Finance emerging as the biggest winner, in tandem with a positive trend in equities. Last week, the BSE benchmark Sensex climbed 2,034.87 points, or 2.67 per cent, and the NSE Nifty surged 616.15 points, or 2.59 per cent. "Markets staged a strong rebound during the week, snapping their recent losing streak as easing crude oil prices, improving geopolitical sentiment, encouraging Q1 FY27 earnings, and renewed foreign institutional investor (FII) buying lifted risk appetite," Ajit Mishra SVP, Research, Religare Broking Ltd, said. While Reliance Industries, Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) were the gainers from the top-10 pack, Hindustan Unilever emerged as the only laggard. The market valuation of Bajaj Finance surged Rs 80,345.97 crore to Rs 7,10,817.51 crore, the most among the top-10 firms. Shares of NBFC Bajaj Finance on Friday ended over 8 per cent higher after the firm reported a 28 per cent year-on-year rise in consolidated profit after tax (PAT) for the June quarter of FY27. Bharti Airtel's valuation soared Rs 44,959.5 crore to reach Rs 12,30,005.63 crore. The market valuation of TCS jumped Rs 40,414.03 crore to Rs 8,55,894.78 crore and that of Reliance Industries climbed Rs 39,447.35 crore to Rs 17,69,108.79 crore. The market capitalisation (mcap) of Larsen & Toubro rallied Rs 21,096.8 crore to Rs 5,41,844.69 crore and that of State Bank of India edged higher by Rs 10,845.97 crore to Rs 9,47,799.81 crore. HDFC Bank's mcap advanced Rs 8,164.73 crore to Rs 11,52,150.63 crore. The valuation of LIC went up Rs 4,427.49 crore to Rs 5,37,435.05 crore and that of ICICI Bank climbed Rs 1,660.37 crore to Rs 10,29,878.30 crore. However, the mcap of Hindustan Unilever declined Rs 10,326.46 crore to Rs 4,93,602.13 crore. Reliance Industries remained the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC, and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 11:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
After four straight months of selling, foreign investors turned net buyers of Indian equities in July, pumping in Rs 20,200 crore, aided by attractive valuations, improving corporate earnings and easing global headwinds. The latest inflow marks a sharp reversal from the preceding months, when Foreign Portfolio Investors (FPIs) withdrew Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17 trillion in March, according to data from the Central Depository Services (India) Ltd (CDSL). Prior to the four-month selling spree, FPIs had invested Rs 22,615 crore in Indian equities in February. Despite the turnaround in July, foreign investors have pulled out a net Rs 2.54 trillion from Indian equities so far in 2026, way more than the Rs 1.66 trillion withdrawn during the whole of 2025. Market experts attributed the renewed foreign investor interest to relatively stable domestic markets, reasonable large-cap valuations, improving earnings prospects and a more favourable global environment. V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said excessive volatility in markets such as South Korea and Taiwan, coupled with concentration risk in the "chip trade", is prompting FPIs to look for relatively stable markets like India. The stability of the rupee and fair valuations of India's large-cap stocks are other factors facilitating renewed FPI inflows into the country, he added. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said improving earnings prospects also strengthened investor sentiment, with June quarter results showing signs of recovery across key sectors. IT stocks, in particular, witnessed a sharp re-rating as better-than-expected earnings helped ease concerns over the impact of artificial intelligence on the sector's growth prospects, he said. At the same time, easing pressure from the US dollar and expectations that US interest rates are near their peak have improved the investment environment for emerging markets, Gupte added. Foreign investor interest was not limited to equities, with the debt market continuing to attract significant inflows during the month. FPIs invested Rs 29,212 crore in debt through the general route and another Rs 3,033 crore through the fully accessible route in July. Going forward, the trajectory of foreign flows is likely to be influenced by both global developments and domestic triggers. Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking, said investors in the coming month will closely track crude oil price movements and developments in the ongoing US-Iran geopolitical tensions. On the domestic front, the Q1FY27 earnings season and the RBI's monetary policy scheduled for August 5 will remain in focus, he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 11:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
After four straight months of selling, foreign investors turned net buyers of Indian equities in July, pumping in Rs 20,200 crore, aided by attractive valuations, improving corporate earnings and easing global headwinds. The latest inflow marks a sharp reversal from the preceding months, when Foreign Portfolio Investors (FPIs) withdrew Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17 trillion in March, according to data from the Central Depository Services (India) Ltd (CDSL). Prior to the four-month selling spree, FPIs had invested Rs 22,615 crore in Indian equities in February. Despite the turnaround in July, foreign investors have pulled out a net Rs 2.54 trillion from Indian equities so far in 2026, way more than the Rs 1.66 trillion withdrawn during the whole of 2025. Market experts attributed the renewed foreign investor interest to relatively stable domestic markets, reasonable large-cap valuations, improving earnings prospects and a more favourable global environment. V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said excessive volatility in markets such as South Korea and Taiwan, coupled with concentration risk in the "chip trade", is prompting FPIs to look for relatively stable markets like India. The stability of the rupee and fair valuations of India's large-cap stocks are other factors facilitating renewed FPI inflows into the country, he added. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said improving earnings prospects also strengthened investor sentiment, with June quarter results showing signs of recovery across key sectors. IT stocks, in particular, witnessed a sharp re-rating as better-than-expected earnings helped ease concerns over the impact of artificial intelligence on the sector's growth prospects, he said. At the same time, easing pressure from the US dollar and expectations that US interest rates are near their peak have improved the investment environment for emerging markets, Gupte added. Foreign investor interest was not limited to equities, with the debt market continuing to attract significant inflows during the month. FPIs invested Rs 29,212 crore in debt through the general route and another Rs 3,033 crore through the fully accessible route in July. Going forward, the trajectory of foreign flows is likely to be influenced by both global developments and domestic triggers. Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking, said investors in the coming month will closely track crude oil price movements and developments in the ongoing US-Iran geopolitical tensions. On the domestic front, the Q1FY27 earnings season and the RBI's monetary policy scheduled for August 5 will remain in focus, he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 11:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
After four straight months of selling, foreign investors turned net buyers of Indian equities in July, pumping in Rs 20,200 crore, aided by attractive valuations, improving corporate earnings and easing global headwinds. The latest inflow marks a sharp reversal from the preceding months, when Foreign Portfolio Investors (FPIs) withdrew Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17 trillion in March, according to data from the Central Depository Services (India) Ltd (CDSL). Prior to the four-month selling spree, FPIs had invested Rs 22,615 crore in Indian equities in February. Despite the turnaround in July, foreign investors have pulled out a net Rs 2.54 trillion from Indian equities so far in 2026, way more than the Rs 1.66 trillion withdrawn during the whole of 2025. Market experts attributed the renewed foreign investor interest to relatively stable domestic markets, reasonable large-cap valuations, improving earnings prospects and a more favourable global environment. V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said excessive volatility in markets such as South Korea and Taiwan, coupled with concentration risk in the "chip trade", is prompting FPIs to look for relatively stable markets like India. The stability of the rupee and fair valuations of India's large-cap stocks are other factors facilitating renewed FPI inflows into the country, he added. Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said improving earnings prospects also strengthened investor sentiment, with June quarter results showing signs of recovery across key sectors. IT stocks, in particular, witnessed a sharp re-rating as better-than-expected earnings helped ease concerns over the impact of artificial intelligence on the sector's growth prospects, he said. At the same time, easing pressure from the US dollar and expectations that US interest rates are near their peak have improved the investment environment for emerging markets, Gupte added. Foreign investor interest was not limited to equities, with the debt market continuing to attract significant inflows during the month. FPIs invested Rs 29,212 crore in debt through the general route and another Rs 3,033 crore through the fully accessible route in July. Going forward, the trajectory of foreign flows is likely to be influenced by both global developments and domestic triggers. Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking, said investors in the coming month will closely track crude oil price movements and developments in the ongoing US-Iran geopolitical tensions. On the domestic front, the Q1FY27 earnings season and the RBI's monetary policy scheduled for August 5 will remain in focus, he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2026 | 11:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Aug 02 2026 | 10:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Quick-commerce major Zepto on Saturday said that it has reached an agreement with major shareholders to close a pre-IPO private placement of equity ahead of its planned stock market listing to strengthen its balance sheet. The company stated that the fresh financing will add to its existing cash reserve of Rs 5,681 crore. As of March 31, 2026, the firm reported having zero debt. "As part of the IPO process, the Board and Founders have received terms from public market investors to list the company and are appreciative of the expressed interest. However, at this time, and afforded by the company's strong balance sheet, Zepto will focus on continued execution. "The company will update its DRHP filing for the operating results and financials in the coming quarters and intends to list within the timeframe provided by SEBI for its approved UDRHP," Zepto said. Zepto is set to raise funds at a valuation of around USD 4.5 billion (around Rs 42,925 crore). This capital infusion is expected to be led primarily by domestic investors to increase Indian shareholding in the company, which currently stands at around 40 per cent. The USD 4.5 billion valuation marks a moderation from the USD 7 billion valuation the unicorn commanded in October 2025, when it raised USD 450 million in a round led by the California Public Employees' Retirement System (CalPERS). Founded by Stanford University dropouts Aadit Palicha and Kaivalya Vohra, Zepto filed its preliminary IPO papers in December 2025 through the confidential pre-filing route. According to the updated draft papers filed in June 2026, the company is looking to raise Rs 8,010 crore through a fresh issue of shares, alongside an offer for sale (OFS) of 11.35 crore equity shares by existing shareholders. For the financial year 2025-26, Zepto reported revenue from operations of Rs 22,624 crore and a net receivables value (NRV) of Rs 24,816 crore. The company processed an average of 17.5 lakh orders per day during the year, with the volume surging to 23.3 lakh orders per day in the quarter ended March 2026. As of March 31, 2026, the firm operated 1,139 stores and had an annual transacting user base of nearly 48 million. Upon its eventual listing, Zepto will join Eternal and Swiggy on the stock exchanges, competing directly with their respective quick-commerce arms, Blinkit and Instamart. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 01 2026 | 8:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vikran Engineering has secured a new order aggregating approximately Rs 120.69 crore exclusive of GST from Power Grid Corporation of India (POWERGRID) for the 400 kV GIS Substation Package SS-147. The order, awarded through Domestic Competitive Bidding, reinforces the Company's position as a preferred EPC partner to India's central transmission utility and adds a marquee project to its growing order book. The scope of work covers the design, engineering, manufacture, testing, supply, erection and commissioning of Gas Insulated Switchgear (GIS) equipment for augmentation of transformation capacity at three strategically important POWERGRID substations - the 400/220 kV Magarwada GIS Substation in Dadra & Nagar Haveli, the 765/400/220 kV Vadodara GIS Substation in Gujarat, and the 400/220 kV Rajgarh Substation in Madhya Pradesh. The project entails Construction of 400/220kV GIS bays and allied works, to be executed under two integrated contracts covering supply of Goods and Services. The augmentation of transformation capacity at these key nodes is expected to strengthen the inter regional power transmission network, enhance grid reliability and improve power evacuation capability across Gujarat, Madhya Pradesh and the Union Territory of Dadra & Nagar Haveli and Daman & Diu. By reinforcing critical transformation infrastructure at these substations, the project will support the rising power demand from industrial and commercial growth in the region, while strengthening the resilience and future-readiness of India's National Grid. First Published: Jul 31 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Manipal Health Enterprises First Published: Jul 31 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 31 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BCRC This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lupin announced that it has received approval under the Federal Food, Drug, and Cosmetic Act (FD&C Act) for its Abbreviated New Drug Application for Diazepam Injection USP, 10 mg/2 mL (5 mg/mL), Single-Dose Prefilled Syringes. The U.S. FDA has approved Lupin's Diazepam Injection USP, 10 mg/2 mL (5 mg/mL), Single-Dose Prefilled Syringes as bioequivalent to the reference listed drug (RLD) Valium Injection 10 mg/2 mL (5 mg/mL) of Hoffman-LaRoche, Inc. and is indicated for the management of anxiety disorders or for the short-term relief of the symptoms of anxiety. Diazepam Injection USP, 10 mg/2 mL (5 mg/mL), Single-Dose Prefilled Syringes had estimated annual sales of USD 77.9 million in the U.S. (IQVIA MAT May 2026). First Published: Jul 31 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 31 2026 | 6:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 31 2026 | 6:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 31 2026 | 6:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reserve Bank of India (RBI) released data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during July 2026. It noted that the weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 8.53 per cent in June 2026 (8.51 per cent in May 2026). The WALR on outstanding rupee loans of SCBs declined marginally to 8.96 per cent in June 2026 from 8.97 per cent in May 2026. 1-Year median Marginal Cost of Funds based Lending Rate (MCLR) of SCBs stood at 8.60 per cent in July 2026 (8.50 per cent in June 2026). The WALR on fresh as well as outstanding rupee loans exhibited a mixed movement across sectors in June 2026. RBI noted further that the weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits of SCBs stood at 5.99 per cent in June 2026 (5.83 per cent in May 2026). The WADTDR on outstanding rupee term deposits of SCBs increased marginally to 6.58 per cent in June 2026 from 6.57 per cent in May 2026. First Published: Jul 31 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Axis Mutual Fund First Published: Jul 31 2026 | 6:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 31 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 44.30 crore shares as against 9 crore shares on offer. The issue opened for bidding on 29 July 2026 and it will close on 31 July 2026. The price band of the IPO is fixed between Rs 560 and 590 per share. An investor can bid for a minimum of 25 equity shares and multiples thereof. The IPO comprises a fresh issue of equity shares aggregating up to Rs 8,000 crore and an offer for sale of 2,16,13,834 equity shares aggregating up to Rs 1,275.22 crore by existing shareholders, including Imperius Healthcare Investments, Manipal Education and Medical Group India, TPG SG Magazine and Seventy Second Investment Company LLC, among others. The objectives for the fresh issue include Rs 5,552.75 crore for repayment/prepayment of certain outstanding borrowings, Rs 574 crore for acquisition of a minority stake in its step-down subsidiary, Sahyadri Hospitals, and the remaining amount for general corporate purposes. The promoters, including Dr. Ranjan Ramdas Pai and Manipal Global Health Services, hold 81.86% of the pre-IPO equity share capital, which is expected to decline to around 72.09% post-IPO. Manipal Health Enterprises is one of India's leading healthcare service providers, operating 49 multi-specialty hospitals with 13,037 licensed beds across 14 states and union territories as of 31 March 2026. Backed by the Manipal Group, the company offers tertiary and quaternary care across key specialties, including cardiac sciences, oncology, neurosciences, gastro sciences, orthopaedics and renal sciences. It also operates a diagnostic network through ManipalTRUtest and has expanded its footprint through acquisitions such as AMRI Hospital, Medica Synergie and Sahyadri Group. Ahead of the IPO, Manipal Health Enterprises on Tuesday, 28 July 2026, raised Rs 4,167.09 crore from anchor investors. The board allotted 7.06 crore shares at Rs 590 each to 133 anchor investors. The firm reported a consolidated net profit of Rs 654.93 crore and sales of Rs 10,935.62 crore for the twelve months ended on 31 March 2026. First Published: Jul 31 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 31 2026 | 6:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In addition, CFA of up to Rs 50 lakh per project will be available for undertaking feasibility studies, including bathymetry and hydrography assessments, environmental studies, and other preparatory activities required for de-risking the project development. All States and Union Territories will benefit through this scheme. The scheme would enhance the floating Solar PV capacity in the country by 5,000 MW, which is presently around 700 MW only. These projects would provide an opportunity to gainfully utilize existing reservoirs & industrial ponds, and eliminate competition for scarce land resources. First Published: Jul 31 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee remained in positive territory on Friday, gaining 15 paise to settle at 95.35 (provisional) against the US dollar, tracking foreign capital inflows and support from the Reserve Bank. Indian shares rose for a third straight session on Friday, even as overall gains remained capped as IT stocks faced selling pressure after recent gains following a rebound in global AI and semiconductor stocks. Escalating Middle East tensions and uncertainty over the Federal Reserve's rate path also kept overall gains in check, heading into the weekend. The benchmark 30-share BSE Sensex rose 166.49 points, or 0.21 percent, to 78,094.64, with firm cues from global markets and a downtick in crude oil prices helping underpin sentiment. However, higher global crude oil prices and a stronger greenback capped sharper gains in the local unit, while elevated tensions in West Asia kept markets on edge. First Published: Jul 31 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 4.79 crore shares as against 39.87 lakh shares on offer. The issue opened for bidding on Thursday 30 July 2026 and it will close on Monday, 3 August 2026. The price band of the IPO is fixed between Rs 400 and 425 per share. An investor can bid for a minimum of 34 equity shares and multiples thereof. The Issue comprises only of fresh issue of equity shares of Rs 5 face value aggregating up to Rs 290 crore. Of the net proceeds, the company intends to use Rs 180 crore towards funding long term working capital requirements; Rs 21 crore towards investment in R&D activities for new power electronic equipment and balance towards general corporate purposes. Ahead of the IPO, MV Electrosystems on Wednesday, 29 July 2026, raised Rs 130.49 crore from anchor investors. The board allotted 30.70 Lakh shares at Rs 425 each to 14 anchor investors. MV Electrosystems, founded by Mohit Vohra, is a technology-driven company engaged in the design, development, assembly and manufacture of electrical and power electronics equipment for railway rolling stock. Its product portfolio includes IGBT-based three-phase drive propulsion systems for electric locomotives, switchgear panels for railway coaches and electric multiple units (EMUs), cable protection and management solutions, and a range of electrical components, systems and sub-systems. In FY26, the company generated approximately Rs 4.70 crore in revenue from the supply of three-phase propulsion equipment. Indian Railways accounted for 76.16% of its revenue from operations during the year, while the private sector (excluding group companies) contributed 15.82% and group companies accounted for 7.29%. The firm reported a consolidated net loss of Rs 12.63 crore and sales of Rs 49.43 crore for the twelve months ended on 31 March 2026. First Published: Jul 31 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 2.75 crore shares as against 5.89 crore shares on offer. The issue opened for bidding on Thursday 30 July 2026 and it will close on Monday, 3 August 2026. The price band of the IPO is fixed between Rs 214 and 225 per share. An investor can bid for a minimum of 66 equity shares and multiples thereof. The Issue comprises fresh issue of equity shares of Rs 10 face value aggregating up to Rs 1,800 crore. The company proposes to utilize Rs 683.235 crore from the net proceeds towards the repayment or prepayment, in full or in part, of certain borrowings availed by the company. It also plans to invest Rs 728.686 crore in its material subsidiaries- Juniper Green Gamma One, Juniper Green Kite, and Juniper Green Power Five - to enable them to repay or prepay, in full or in part, certain outstanding borrowings. Ahead of the IPO, Juniper Green Energy on Wednesday, 29 July 2026, raised Rs 539.39 crore from anchor investors. The board allotted 2.39 crore shares at Rs 225 each to 31 anchor investors. Juniper Green Energy is engaged in the development, construction, operation and maintenance of utility-scale renewable energy projects through its in-house engineering, procurement and construction (EPC) and operations & maintenance (O&M) teams. The company generates revenue by supplying electricity to a diversified base of off-takers, including central and state government-backed entities. Its renewable energy portfolio comprises solar and wind projects, as well as hybrid renewable energy projects such as Wind-Solar Hybrid (WSH) and Firm & Dispatchable Renewable Energy (FDRE) projects integrated with Battery Energy Storage Systems (BESS). As of 30 June 2026, the company had a total renewable energy portfolio of 7,910.20 MW (10,247.06 MWp DC capacity), of which 1,794.80 MW was operational. It also had an operational BESS capacity of 503.20 MWh. In FY26, Gujarat Urja Vikas Nigam (GUVNL) accounted for 39.85% of the company's revenue from operations, followed by Maharashtra State Electricity Distribution Company (MSEDCL) at 46.21% and Satluj Jal Vidyut Nigam (SJVN) at 0.01%. Collectively, these three customers contributed 86.07% of the company's operating revenue during the year. The firm reported a consolidated net profit of Rs 40.46 crore and sales of Rs 718.93 crore for the twelve months ended on 31 March 2026. First Published: Jul 31 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 31 2026 | 5:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Key equity benchmarks recovered from early losses to end higher on Friday, with the Nifty closing above the 24,350 mark. Auto and financial services stocks led the rally, while IT, FMCG and consumer durables shares came under pressure. The rebound was driven by strong June-quarter earnings from heavyweight companies and supported by renewed FII inflows, softer crude oil prices, positive global cues and a firmer rupee. Technically, the Nifty faces immediate resistance in the 24,367-24,530 zone. The S&P BSE Sensex advanced 166.49 points or 0.21% to 78,094.64. The Nifty 50 index added 66.45 points or 0.27% to 24,383.60. In three consecutive sessions, the Sensex rose 1.73% while the Nifty gained 1.66%. Bajaj Finance (up 8.32%), Mahindra & Mahindra (up 3.33%) and Reliance Industries (up 0.94%) boosted the Nifty higher today. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.37% and the BSE 250 SmallCap Index advanced 0.44%. The market breadth was strong. On the NSE, 2,067 shares rose and 1,252 shares fell. A total of 116 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.29% to 11.76. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.10% to 6.818 compared with the previous session close of 6.811. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.3650 compared with its close of 95.5050 during the previous trading session. MCX Gold futures for 5 August 2026 settlement shed 0.91% to Rs 1,41,934. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.22% to 100.20. The United States 10-year bond yield rose 0.21% to 4.673. In the commodities market, Brent crude for September 2026 settlement rose 34 cents or 0.38% to $89.37 a barrel. Global Markets: Dow Jones futures rose 334 points, signalling a positive start for Wall Street. European shares advanced on Friday, extending the global rally after strong earnings from Amazon boosted investor sentiment. Most Asian shares ended higher, tracking overnight gains on Wall Street. South Korea's battered market staged a record rebound, raising hopes that the recent selloff in AI-related stocks may be nearing an end. The Bank of Japan left its benchmark interest rate unchanged at 1%, while warning that core inflation could exceed its 2% target. The decision was approved by an 8-1 vote, with board member Hajime Takata seeking a 25-basis-point rate hike to 1.25%. China's factory activity unexpectedly contracted in July for the first time since February. The official manufacturing PMI fell to 49.2 from 50.3 in June, slipping below the 50-mark that separates expansion from contraction. Brent crude for September 2026 settlement fell 95 cents, or 1.07%, to $88.08 a barrel. Meanwhile, a drone strike on gas vessels at Egypt's Mediterranean port of Damietta signalled a potential new front in the U.S.-Iran conflict, raising concerns over shipping through the Suez Canal, a key route for global energy trade. Wall Street ended sharply higher overnight, led by technology stocks after Microsoft issued a robust outlook that eased concerns over heavy AI-related spending. The S&P 500 rose 1.66% to 7,437.63, the Nasdaq jumped 2.78% to 25,122.18, and the Dow Jones Industrial Average gained 1.19% to 52,208.06. Microsoft surged more than 15%, adding about $450 billion in market value, after forecasting quarterly revenue and cloud growth above expectations. The company also reported lower-than-expected capital expenditure and said it expects to continue generating cash through fiscal 2027. Stocks in Spotlight: Swiggy fell 3.76% as investors booked profits after the stock rallied 17.70% over the previous four trading sessions. The company had reported a narrower quarterly loss and strong revenue growth for Q1 FY27 a day earlier. Its consolidated net loss narrowed to Rs 791 crore in Q1 FY27 from Rs 1,197 crore in Q1 FY26. Sequentially, the loss narrowed from Rs 800 crore in Q4 FY26. Adjusted revenue increased 34.0% YoY and 6.7% QoQ to Rs 7,112 crore, while revenue from operations rose 37.3% YoY and 6.7% QoQ to Rs 6,812 crore. Tata Steel rose 1.64% after the company reported 18.8% increase in consolidated net profit to Rs 2,385 crore on a 14.3% rise in revenue from operations to Rs 60,794 crore in Q1 FY27 as compared with Q1 FY26. Bajaj Finserv (BFS) jumped 6.37% after the company reported a 12.31% increase in consolidated net profit to Rs 3,132.35 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 2,789.05 crore in Q1 FY26. Revenue from operations rose 19.13% YoY to Rs 42,036.90 crore in Q1 FY27. Data Patterns (India) dropped 4.28% after the company reported a 13.49% decline in standalone net profit to Rs 22.06 crore in Q1 FY27 as against Rs 25.50 crore in Q1 FY26. Revenue from operations rose 16.82% year on year (YoY) to Rs 116.03 crore in the quarter ended 30 June 2026. Madhav Infra Projects slipped 2.86% after the company reported a 16.44% decline in consolidated net profit to Rs 6.25 crore in Q1 FY27 as against Rs 7.48 crore in Q1 FY26. Revenue from operations rose 0.94% year on year (YoY) to Rs 88.37 crore in the quarter ended 30 June 2026. Astra Microwave Products surged 7.54% after the company said it had secured an order worth Rs 2,205.23 crore from Hindustan Aeronautics for the procurement of critical systems for the Uttam Radar programme. The company has received an order to supply 122 Advanced Array Assembly Units (AAAU) and 121 Interface Frames for the Uttam Radar. The order value of Rs 2,205.23 crore is inclusive of all applicable taxes and GST. The MPID Court, constituted under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999, oversees assets attached under the Act. The settlement aims to resolve long-pending claims arising from the 2013 NSEL payment crisis. It involved a payment default of about Rs 5,600 crore after irregularities in commodity contracts came to light. EMS climbed 6.64% after the company received a Letter of Intent (LoI) from the Delhi Jal Board for a sewerage infrastructure project worth approximately Rs 158.29 crore. Sanghvi Movers tanked 5.52% after the company's consolidated net profit declined 5.13% quarter on quarter to Rs 65.25 crore in Q1 FY27 from Rs 68.78 crore in Q4 FY26. However, revenue from operations rose 8.03% QoQ to Rs 379.66 crore in Q1 FY27 from Rs 351.45 crore in Q4 FY26. Aether Industries rallied 4.64% after the company reported a 33.45% jump in consolidated net profit to Rs 62.74 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 47.02 crore in the corresponding quarter last year. Revenue from operations grew 27.25% YoY to Rs 326.55 crore during the quarter, supported by the growth in Contract Exclusive Manufacturing (CEM) contracts and price-led demand in the Large Scale Manufacturing (LSM) business. IPO Update: Manipal Health Enterprises received bids for 44,19,76,950 shares as against 9,00,88,286 shares on offer, according to stock exchange data at 18:24 IST on Friday (31 July 2026). The issue was subscribed 4.91 times. The issue will close on 31 July 2026. The price band is set at Rs 560 to Rs 590 per equity share. MV Electrosystems received bids for 4,51,07,868 shares as against 39,87,491 shares on offer, according to stock exchange data at 18:24 IST on Friday (31 July 2026). The issue was subscribed 11.31 times. The issue will close on 3 August 2026. The price band is set at Rs 400 to Rs 425 per equity share. Juniper Green Energy received bids for 2,73,89,736 shares as against 5,89,16,709 shares on offer, according to stock exchange data at 18:24 IST on Friday (31 July 2026). The issue was subscribed 0.46 times. The issue will close on 3 August 2026. The price band is set at Rs 214 to Rs 225 per equity share. First Published: Jul 31 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 31 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Infosys, Bajaj Finance and Mahindra & Mahindra were top traded contracts. In the cash market, the Nifty 50 index surged 66.45 points or 0.27% to 24,383.60. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.29% to 11.76. Infosys, Bajaj Finance and Mahindra & Mahindra were the top-traded individual stock futures contracts in the F&O segment of the NSE. The August 2026 F&O contracts will expire on 25 August 2026. First Published: Jul 31 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 43.86% to Rs 528.34 crore First Published: Jul 31 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 21.13% to Rs 15547.66 crore First Published: Jul 31 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 35.15% to Rs 49.52 crore First Published: Jul 31 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 20.37% to Rs 174.42 crore First Published: Jul 31 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 21.46% to Rs 394.33 crore First Published: Jul 31 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 26.85% to Rs 1192.68 crore First Published: Jul 31 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Jul 31 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 66.67% to Rs 0.02 crore First Published: Jul 31 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Innov8 founder's ?85 crore purchase underscores demand for Delhi's trophy homes First Published: Jul 31 2026 | 4:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 166.49 points or 0.21% to 78,094.64. The Nifty 50 index added 66.45 points or 0.27% to 24,383.60. In three consecutive trading sessions, the Sensex rose 1.73% while the Nifty gained 1.66%. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.37% and the BSE 250 SmallCap Index advanced 0.44%. The market breadth was strong. On the BSE, 2,565 shares rose and 1,658 shares fell. A total of 210 shares were unchanged. In the commodities market, Brent crude for Sep 2026 settlement rose 63 cents or 0.73% to $87.51 a barrel. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.3550 compared with its close of 95.5050 during the previous trading session. IPO Update: Manipal Health Enterprises received bids for 43,44,76,875 shares as against 9,00,88,286 shares on offer, according to stock exchange data at 15:30 IST on Friday (31 July 2026). The issue was subscribed 4.82 times. The issue will close on 31 July 2026. The price band is set at Rs 560 to Rs 590 per equity share. MV Electrosystems received bids for 4,03,89,620 shares as against 39,87,491 shares on offer, according to stock exchange data at 15:30 IST on Friday (31 July 2026). The issue was subscribed 10.13 times. The issue will close on 3 August 2026. The price band is set at Rs 400 to Rs 425 per equity share. Juniper Green Energy received bids for 2,70,73,002 shares as against 5,89,16,709 shares on offer, according to stock exchange data at 15:30 IST on Friday (31 July 2026). The issue was subscribed 0.46 times. The issue will close on 3 August 2026. The price band is set at Rs 214 to Rs 225 per equity share. Buzzing Index: The Nifty Media index climbed 2.09% to 1,618.65. The index rallied 3.85% in the three consecutive trading sessions. Nazara Technologies (up 10.05%), Zee Entertainment Enterprises (up 2.09%), Network 18 Media & Investments (up 0.55%), Tips Music (up 0.47%), Saregama India (up 0.28%) and Hathway Cable & Datacom (up 0.19%) advanced. On the other hand, Prime Focus (down 1.09%), D B Corp (down 0.98%) and Sun TV Network (down 0.56%) edged lower. Stocks in Spotlight: Swiggy fell 3.72% as investors booked profits after the stock rallied 17.70% over the previous four trading sessions. The company had reported a narrower quarterly loss and strong revenue growth for Q1 FY27 a day earlier. Its consolidated net loss narrowed to Rs 791 crore in Q1 FY27 from Rs 1,197 crore in Q1 FY26. Sequentially, the loss narrowed from Rs 800 crore in Q4 FY26. Adjusted revenue increased 34.0% YoY and 6.7% QoQ to Rs 7,112 crore, while revenue from operations rose 37.3% YoY and 6.7% QoQ to Rs 6,812 crore. Bajaj Finserv (BFS) jumped 6.37% after the company reported a 12.31% increase in consolidated net profit to Rs 3,132.35 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 2,789.05 crore in Q1 FY26. Revenue from operations rose 19.13% YoY to Rs 42,036.90 crore in Q1 FY27. Thermax added 1.14% after the company reported an 83.44% year-on-year decline in consolidated net profit to Rs 25.24 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 152.38 crore recorded in Q1 FY26. Revenue from operations increased 6.73% YoY to Rs 2,302.73 crore in Q1 FY27. Data Patterns (India) dropped 4.28% after the company reported a 13.49% decline in standalone net profit to Rs 22.06 crore in Q1 FY27 as against Rs 25.50 crore in Q1 FY26. Revenue from operations rose 16.82% year on year (YoY) to Rs 116.03 crore in the quarter ended 30 June 2026. Madhav Infra Projects slipped 2.86% after the company reported a 16.44% decline in consolidated net profit to Rs 6.25 crore in Q1 FY27 as against Rs 7.48 crore in Q1 FY26. Revenue from operations rose 0.94% year on year (YoY) to Rs 88.37 crore in the quarter ended 30 June 2026. Astra Microwave Products surged 7.54% after the company said it had secured an order worth Rs 2,205.23 crore from Hindustan Aeronautics for the procurement of critical systems for the Uttam Radar programme. The company has received an order to supply 122 Advanced Array Assembly Units (AAAU) and 121 Interface Frames for the Uttam Radar. The order value of Rs 2,205.23 crore is inclusive of all applicable taxes and GST. Tata Steel rose 1.64% after the company reported 18.8% increase in consolidated net profit to Rs 2,385 crore on a 14.3% rise in revenue from operations to Rs 60,794 crore in Q1 FY27 as compared with Q1 FY26. Sanghvi Movers tanked 5.52% after the company's consolidated net profit declined 5.13% quarter on quarter to Rs 65.25 crore in Q1 FY27 from Rs 68.78 crore in Q4 FY26. However, revenue from operations rose 8.03% QoQ to Rs 379.66 crore in Q1 FY27 from Rs 351.45 crore in Q4 FY26. Aether Industries rallied 4.64% after the company reported a 33.45% jump in consolidated net profit to Rs 62.74 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 47.02 crore in the corresponding quarter last year. Revenue from operations grew 27.25% YoY to Rs 326.55 crore during the quarter, supported by the growth in Contract Exclusive Manufacturing (CEM) contracts and price-led demand in the Large Scale Manufacturing (LSM) business. Global Markets: European markets advanced on Friday, tracking a global rally fueled by strong earnings from Amazon. Most Asian markets also ended higher, following gains on Wall Street, while South Korea's battered market staged a record rebound, raising hopes that the recent selloff in AI-related stocks may be nearing an end. The Bank of Japan kept its policy rate steady on Friday, as it warned that core inflation in the country could exceed its 2% target. Japans central banks move to hold rates at 1% was an 8-1 decision, with board member Hajime Takata proposing a hike to 1.25%. Chinas factory activity unexpectedly contracted in July for the first time since February, the official manufacturing purchasing managers index fell to 49.2 from 50.3 in June, National Bureau of Statistics data showed Friday. In the commodities market, Brent crude for September 2026 settlement lost 95 cents or 1.07% to $88.08 a barrel. A drone strike on gas vessels in Egypt's Mediterranean port of Damietta signalled a potential new front in the U.S.-Iran war, raising the prospect of threats to navigation through the Suez Canal, one of the last remaining export routes for Saudi oil. Wall Street ended sharply higher on Thursday, with chip stocks jumping and Microsoft logging its biggest daily percentage gain in 18 years after the technology giant gave a stellar forecast that eased fears about massive spending on AI infrastructure. The S&P 500 climbed 1.66% to end the session at 7,437.63 points. The Nasdaq gained 2.78% to 25,122.18 points, while the Dow Jones Industrial Average rose 1.19% to 52,208.06 points. Microsoft jumped over 15%, boosting its stock market value by $450 billion, the greatest-ever single-day increase for a company on Wall Street. The tech heavyweight forecast quarterly sales and cloud growth above expectations. It also reported capital expenditures below estimates and said it expects to keep generating cash through its fiscal 2027 that has just begun. First Published: Jul 31 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
CAS is a new 15-minute session which will be held between 3:15 pm and 3:30 pm to determine the closing prices of the scrips. First Published: Jul 31 2026 | 3:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sanghvi Movers tanked 6.43% to Rs 406.05 after the company's consolidated net profit declined 5.13% quarter on quarter to Rs 65.25 crore in Q1 FY27 from Rs 68.78 crore in Q4 FY26. However, revenue from operations rose 8.03% QoQ to Rs 379.66 crore in Q1 FY27 from Rs 351.45 crore in Q4 FY26. On a year-on-year basis, consolidated net profit jumped 29.85%, while revenue from operations increased 38.89% in Q1 FY27. Profit before tax stood at Rs 87.64 crore in Q1 FY27, up 28.42% from Rs 68.24 crore in Q1 FY26. Total expenses rose 43.75% YoY to Rs 305.47 crore in Q1 FY27. Employee benefits expense stood at Rs 32.12 crore, up 75.71% YoY, while finance costs rose 73.46% to Rs 12.68 crore during the period under review. Sanghvi Movers provides medium- to heavy-duty cranes on a rental basis to various private and public sector undertakings. SML's crane fleet consists of medium- to large-size hydraulic truck-mounted telescopic and lattice boom cranes and crawler lattice boom cranes, with lifting capacities ranging from 20 MT to 1,000 MT. First Published: Jul 31 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 31 2026 | 3:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
pharma sector First Published: Jul 31 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 31 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sagility Ltd, Inox Green Energy Services Ltd, Archean Chemical Industries Ltd and Mankind Pharma Ltd are among the other losers in the BSE's 'A' group today, 31 July 2026. Sagility Ltd, Inox Green Energy Services Ltd, Archean Chemical Industries Ltd and Mankind Pharma Ltd are among the other losers in the BSE's 'A' group today, 31 July 2026. Thangamayil Jewellery Ltd lost 10.00% to Rs 5233.8 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 60494 shares were traded on the counter so far as against the average daily volumes of 18570 shares in the past one month. Sagility Ltd crashed 5.59% to Rs 43.42. The stock was the second biggest loser in 'A' group.On the BSE, 27.19 lakh shares were traded on the counter so far as against the average daily volumes of 23.67 lakh shares in the past one month. Inox Green Energy Services Ltd tumbled 5.00% to Rs 166.25. The stock was the third biggest loser in 'A' group.On the BSE, 77127 shares were traded on the counter so far as against the average daily volumes of 76682 shares in the past one month. Archean Chemical Industries Ltd corrected 4.93% to Rs 534. The stock was the fourth biggest loser in 'A' group.On the BSE, 24322 shares were traded on the counter so far as against the average daily volumes of 34110 shares in the past one month. Mankind Pharma Ltd shed 4.56% to Rs 2459.45. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.07 lakh shares were traded on the counter so far as against the average daily volumes of 26012 shares in the past one month. First Published: Jul 31 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aether Industries rallied 5.09% to Rs 1,565 after the company reported a 33.45% jump in consolidated net profit to Rs 62.74 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 47.02 crore in the corresponding quarter last year. Profit before tax (PBT) rose 35.42% YoY to Rs 834.53 crore in Q1 FY27. EBITDA rose 30.96% YoY to Rs 102.8 crore in Q1 FY27 from Rs 78.5 crore in the year-ago quarter, supported by strong revenue growth and improved operating efficiency. Meanwhile, the company and Dow Chemical International announced the launch of a collaborative research program to develop new manufacturing technologies for silicones. Silicones are a strategically important class of high-performance materials with applications across construction, mobility and transportation, electronics, healthcare, and personal care. The program will be jointly executed by the two companies, with all research and pilot-scale development being carried out at Aethers R&D and pilot facilities in Surat, Gujarat. Meanwhile, the company's board has approved the re-appointment of Ashwin Desai as managing director for a further term of five years, effective from 1 October 2026. First Published: Jul 31 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 31 July 2026 First Published: Jul 31 2026 | 2:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 31 2026 | 2:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 14:30 IST, the barometer index, the S&P BSE Sensex jumped 260.93 points or 0.33% to 78,189.08. The Nifty 50 index rose 86.35 points or 0.36% to 24,403.50. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.49% and the BSE 250 SmallCap Index added 0.63%. The market breadth was strong. On the BSE, 2,529 shares rose and 1,610 shares fell. A total of 212 shares were unchanged. Buzzing Index: The Nifty PSU Bank index rose 0.62% to 8,379.25. The index jumped 1.19% in the three consecutive trading sessions. Punjab & Sind Bank (up 1.26%), Indian Bank (up 1.17%), UCO Bank (up 1.16%), Union Bank of India (up 1.12%) and Punjab National Bank (up 0.99%), Bank of Baroda (up 0.99%), Bank of India (up 0.85%), Indian Overseas Bank (up 0.71%), Canara Bank (up 0.59%) and State Bank of India (up 0.43%) jumped. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.10% to 6.804 compared with the previous session close of 6.811. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.4400 compared with its close of 95.5050 during the previous trading session. MCX Gold futures for 5 August 2026 settlement shed 0.84% to Rs 1,42,026. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.15% to 100.13. The United States 10-year bond yield shed 0.30% to 4.649. In the commodities market, Brent crude for September 2026 settlement shed 87 cents or 0.98% to $88.16 a barrel. Stocks in Spotlight: Tata Steel rose 1.95% after the company reported 18.8% increase in consolidated net profit to Rs 2,385 crore on a 14.3% rise in revenue from operations to Rs 60,794 crore in Q1 FY27 as compared with Q1 FY26. Bajaj Finserv (BFS) jumped 5.85% after the company reported a 12.31% increase in consolidated net profit to Rs 3,132.35 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 2,789.05 crore in Q1 FY26. Revenue from operations rose 19.13% YoY to Rs 42,036.90 crore in Q1 FY27. First Published: Jul 31 2026 | 2:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Swiggy fell 3.52% to Rs 285.50 on Friday as investors booked profits after the stock rallied 17.70% over the previous four trading sessions. Adjusted revenue increased 34.0% YoY and 6.7% QoQ to Rs 7,112 crore, while revenue from operations rose 37.3% YoY and 6.7% QoQ to Rs 6,812 crore. Adjusted EBITDA loss narrowed to Rs 651 crore in Q1 FY27 from Rs 813 crore in Q1 FY26, while remaining largely unchanged from Rs 652 crore in Q4 FY26. Finance costs increased to Rs 53 crore from Rs 41 crore a year ago, while depreciation and amortisation expense rose to Rs 298 crore from Rs 288 crore. Share-based payment expenses declined to Rs 173 crore from Rs 265 crore in Q1 FY26. Food Delivery gross order value (GOV) grew 17.4% YoY to Rs 9,490 crore, while adjusted EBITDA improved by Rs 100 crore YoY to Rs 292 crore. Monthly transacting users rose 17.8% YoY to 19.2 million. Management said temporary LPG supply disruptions at restaurants led to higher order cancellations early in the quarter. Excluding these disruptions, Food Delivery GOV growth would have been around 18% YoY. The company reiterated its 18-20% Food Delivery GOV growth guidance (excluding Toing), citing continued traction from affordability initiatives. Quick Commerce GOV increased 39.8% YoY to Rs 7,907 crore. Instamart achieved contribution break-even in May 2026, with contribution margin improving to -0.2% of GOV from -1.9% in the previous quarter. Adjusted EBITDA margin improved to -9.8% from -10.9% in Q4 FY26, while the segment reported a loss of Rs 778 crore. Swiggy added 28 net dark stores during the quarter, taking the total to 1,171 stores across 131 cities, and expects to add around 75 more stores in Q2 FY27. Out-of-home consumption GOV grew 44.8% YoY, while adjusted EBITDA margin improved to 0.9% of GOV. Budget food delivery platform Toing expanded to 50 cities, with two out of every three new users being new to the platform. Overall monthly transacting users across the platform increased 27.4% YoY to 27.5 million. During the quarter, Swiggy's board approved a proposal to cap aggregate foreign shareholding at 49.5%, subject to shareholder approval, as part of its plan to qualify as an Indian Owned and Controlled Company (IOCC). The company said IOCC status would enable Instamart to directly own and sell inventory, potentially improving contribution margins by about 80 basis points over time. Swiggy is an on-demand convenience platform offering food delivery, quick commerce and out-of-home dining services across India. First Published: Jul 31 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Temasek-backed Manipal Health IPO fully subscribed on final bidding day Temasek-backed Manipal Health Enterprises' $960.4 million initial ?public offering was fully subscribed on the final day of bidding on ?Friday, led by institutional investors. The IPO received bids for 96.44 million shares, as of ?1:24 p.m. IST, ?against 90.09 million shares ?on offer, ?according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 31 2026 | 2:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Supreme Court on Friday upheld an NCLAT order that set aside a ?301.6 crore penalty imposed on Grasim Industries by the Competition Commission of India and directed the fair trade regulator to hear the Aditya Birla Group firm again over its alleged dominance in the viscose staple fibre market. A bench comprising Justices J B Pardiwala and K Vinod Chandran dismissed the Competition Commission of India's (CCI) appeal challenging the May 5 NCLAT order. The tribunal had observed that the CCI did not provide a chance to Grasim Industries to present its arguments after it differed from the findings of the Director General (DG), the regulator's probe unit. The CCI had imposed the penalty on Grasim Industries in March 2020 for allegedly abusing its dominant position with respect to the supply of viscose staple fibre (VSF) to spinners in India. Grasim challenged the order before the NCLAT, which is also an appellate authority over the CCI, which asked the regulator to hear the matter afresh. A two-member National Company Law Appellate Tribunal (NCLAT) bench said the CCI itself has "differed from the findings of the DG" regarding their directions for disclosure of discounting/pricing policy and sale to "buyers" who can trade VSF. In such cases, where there is a difference between the CCI and its DG, it "requires the Commission to give opportunity to the opposite party (Grasim)", the NCLAT said, citing previous judgments. The NCLAT had said that CCI "had omitted to give notice" to Grasim Industries regarding the disagreement and thereby "deprived" the Aditya Birla Group firm "an opportunity to defend itself" against the proposed actions. "We set aside the impugned order and remand it back to the Commission with a direction to provide an opportunity to the appellant wherever the Commission differs with the findings of the DG and to decide the case expeditiously in a time-bound manner," the NCLAT said. The tribunal also made it clear that it has "not commented on the merits of the case" while passing the order, and the CCI "should not be influenced by anything contained in this judgement". The CCI in its order had said that Grasim had abused its dominant position in the market for supply of VSF to spinners in India by charging discriminatory prices from its customers, besides imposing supplementary obligations upon them. The CCI directed the company to "refrain from adopting unfair/discriminatory pricing practices and also refrain from seeking the consumption details of VSF from the buyers". The watchdog also asked Grasim to put in place a discount policy, which is transparent and non-discriminatory to all market participants, and to make it easily and publicly accessible/available. A complaint alleging unfair business practices was filed against the Association of Man Made Fibre Industry of India, Grasim Industries, Thai Rayon, and Indo Bharat Rayon. The three companies are part of the Aditya Birla Group. VSF is a versatile, biodegradable, cellulosic fiber used widely in fashion apparel, home textiles and non-woven hygiene products. Known for its soft texture, high absorbency and excellent drape, VSF is often blended with cotton, polyester or linen to enhance comfort, durability and fabric quality. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 31 2026 | 1:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Media, auto and pharma shares advanced while IT and FMCG shares declined. At 13:25 IST, the barometer index, the S&P BSE Sensex advanced 334.18 points or 0.42% to 78,259.49. The Nifty 50 index added 105.10 points or 0.43% to 24,425.70. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.59% and the BSE 250 SmallCap Index jumped 0.76%. The market breadth was strong. On the BSE, 2,573 shares rose and 1,486 shares fell. A total of 209 shares were unchanged. Gainers & Losers: Bajaj Finance (up 8.53%), Bajaj Finserv (up 5.82%), M&M (up 4.67%), Shriram Finance (up 5.82%) and Sun Pharmaceuticals (up 1.83%) were the major Nifty50 gainers. Eternal (down 2.54%), Tata Consultancy Services (TCS) (down 2.29%), Infosys (down 1.54%), Max Healthcare Institute (down 1%) and Nestle India (down 0.84%) were the major Nifty50 losers. Stocks in Spotlight: Bajaj Finserv (BFS) jumped 7.95% after the company reported a 12.31% increase in consolidated net profit to Rs 3,132.35 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 2,789.05 crore in Q1 FY26. Revenue from operations rose 19.13% YoY to Rs 42,036.90 crore in Q1 FY27. Thermax declined 4.65% after the company reported an 83.44% year-on-year decline in consolidated net profit to Rs 25.24 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 152.38 crore recorded in Q1 FY26. Revenue from operations increased 6.73% YoY to Rs 2,302.73 crore in Q1 FY27. Data Patterns (India) declined 3.42% after the company reported a 13.49% decline in standalone net profit to Rs 22.06 crore in Q1 FY27 as against Rs 25.50 crore in Q1 FY26. Revenue from operations rose 16.82% year on year (YoY) to Rs 116.03 crore in the quarter ended 30 June 2026. Madhav Infra Projects fell 1.13% to Rs 7.87 after the company reported a 16.44% decline in consolidated net profit to Rs 6.25 crore in Q1 FY27 as against Rs 7.48 crore in Q1 FY26. Revenue from operations rose 0.94% year on year (YoY) to Rs 88.37 crore in the quarter ended 30 June 2026. Astra Microwave Products surged 8.96% after the company said it had secured an order worth Rs 2,205.23 crore from Hindustan Aeronautics for the procurement of critical systems for the Uttam Radar programme. The company has received an order to supply 122 Advanced Array Assembly Units (AAAU) and 121 Interface Frames for the Uttam Radar. The order value of Rs 2,205.23 crore is inclusive of all applicable taxes and GST. Global Market: European market advanced tracking a global rally fueled by strong earnings from Amazon. Asian markets mostly advanced with Wall Street on Friday as South Korea's battered market made a record comeback, stirring hopes that the recent selloff in AI-linked assets may be near an end. The Bank of Japan kept its policy rate steady on Friday, as it warned that core inflation in the country could exceed its 2% target. Japans central banks move to hold rates at 1% was an 8-1 decision, with board member Hajime Takata proposing a hike to 1.25%. Chinas factory activity unexpectedly contracted in July for the first time since February, the official manufacturing purchasing managers index fell to 49.2 from 50.3 in June, National Bureau of Statistics data showed Friday. In the commodities market, Brent crude for September 2026 settlement lost 95 cents or 1.07% to $88.08 a barrel. A drone strike on gas vessels in Egypt's Mediterranean port of Damietta signalled a potential new front in the U.S.-Iran war, raising the prospect of threats to navigation through the Suez Canal, one of the last remaining export routes for Saudi oil. Wall Street ended sharply higher on Thursday, with chip stocks jumping and Microsoft logging its biggest daily percentage gain in 18 years after the technology giant gave a stellar forecast that eased fears about massive spending on AI infrastructure. The S&P 500 climbed 1.66% to end the session at 7,437.63 points. The Nasdaq gained 2.78% to 25,122.18 points, while the Dow Jones Industrial Average rose 1.19% to 52,208.06 points. Microsoft jumped over 15%, boosting its stock market value by $450 billion, the greatest-ever single-day increase for a company on Wall Street. The tech heavyweight forecast quarterly sales and cloud growth above expectations. It also reported capital expenditures below estimates and said it expects to keep generating cash through its fiscal 2027 that has just begun. First Published: Jul 31 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Steel rose 2.06% to Rs 190.80 after the company reported 18.8% increase in consolidated net profit to Rs 2,385 crore on a 14.3% rise in revenue from operations to Rs 60,794 crore in Q1 FY27 as compared with Q1 FY26. India revenues were Rs 36,989 crore and EBITDA was Rs 9,908 crore. Netherlands revenues were 1,445 million for the quarter and EBITDA was 4 million. UK revenues were 484 million for the quarter and EBITDA loss narrowed to 27 million. EBITDA improved by 25.3% YoY to Rs 9,370 crore while EBITDA margin expanded 130 basis points YoY to 15.4% in the June'26 quarter. EBITDA per ton for the period under review was Rs 12,898, up 22.8% YoY. Profit before tax in Q1 FY27 stood at Rs 3,838 crore, up by 25.1% from Rs 3,067 crore in Q1 FY26. Production volumes and deliveries for Q1 FY27 were 7.69 millions tons (up 4.9% YoY) and 7.27 millions tons (up 2.1% YoY), respectively. The company has spent Rs 3,579 crore on capital expenditure during the quarter. Net debt stood at Rs 84,173 crores and net debt to EBITDA was 2.3x as on 30 June 2026. The group liquidity remained strong at Rs 45,950 crore, which includes cash & cash equivalents of Rs 13,221 crore. The board has approved the core project of steelmaking capacity expansion by 4.8 MTPA in Neelachal Ispat Nigam at an estimated capex of Rs 33,873 crore. This will enable Tata Steel to further expand the long products portfolio especially in the retail space where our branded products are in high demand. T V Narendran, chief executive officer & managing director, said: "Global operating environment remained complex, with the impact of developments in West Asia on supply chains and input costs being more pronounced in the quarter. Our overseas operations also had to navigate operational disruptions. Despite these headwinds, Tata Steel delivered a sequential improvement in EBITDA per ton for the third consecutive quarter. India continued to be the backbone of our performance, with domestic deliveries growing 11% YoY to 4.85 million tons. Our agile commercial strategy and calibrated market mix enabled us to maximise value realisation across segments, driving a strong QoQ improvement of Rs 5,991 per ton in net steel realisations. Automotive & Special Products delivered best ever 1Q performance, driven by 21% YoY growth in hi-end sales. Our branded portfolio continued to gain momentum, with Tata Tiscon and Tata Steelium registering a growth of more than 30% YoY. Our e-commerce platforms, Aashiyana and DigECA, generated Gross Merchandise Value of around Rs 2,200 crores, up 61% YoY. We also strengthened our presence in emerging segments such as shipbuilding, data centers and containers. Today, our board approved the 4.8 MTPA expansion at Neelachal Ispat Nigam Limited, which is central to our strategy of deepening our presence in high-margin and branded long products. In UK, the recently implemented safeguard measures are expected to provide a more supportive market environment, although the benefits vary across product categories. We continue to engage with the UK government to support a level playing field for domestic producers. In the Netherlands, we are engaging closely with the local environmental authorities to implement the required technical measures for a safe, compliant and sustained restart of the Direct Sheet Plant." Tata Steel group is among the top global steel companies with an annual crude steel capacity of 36 million tonnes per annum. First Published: Jul 31 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindalco Industries Ltd is quoting at Rs 981, up 1.09% on the day as on 12:49 IST on the NSE. The stock is up 45.88% in last one year as compared to a 0.62% drop in NIFTY and a 40.25% drop in the Nifty Metal index. Hindalco Industries Ltd gained for a third straight session today. The stock is quoting at Rs 981, up 1.09% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.39% on the day, quoting at 24413.1. The Sensex is at 78193.78, up 0.34%. Hindalco Industries Ltd has risen around 4.4% in last one month. Meanwhile, Nifty Metal index of which Hindalco Industries Ltd is a constituent, has risen around 3% in last one month and is currently quoting at 12701.8, up 0.51% on the day. The volume in the stock stood at 32.19 lakh shares today, compared to the daily average of 45.6 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 984.15, up 1.05% on the day. Hindalco Industries Ltd is up 45.88% in last one year as compared to a 0.62% drop in NIFTY and a 40.25% drop in the Nifty Metal index. The PE of the stock is 21.62 based on TTM earnings ending March 26. First Published: Jul 31 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jindal Steel Ltd is quoting at Rs 1107, up 1.22% on the day as on 12:49 IST on the NSE. The stock is up 17.08% in last one year as compared to a 0.62% slide in NIFTY and a 40.25% slide in the Nifty Metal index. Jindal Steel Ltd is up for a third straight session today. The stock is quoting at Rs 1107, up 1.22% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.39% on the day, quoting at 24413.1. The Sensex is at 78193.78, up 0.34%. Jindal Steel Ltd has gained around 7.6% in last one month. Meanwhile, Nifty Metal index of which Jindal Steel Ltd is a constituent, has gained around 3% in last one month and is currently quoting at 12701.8, up 0.51% on the day. The volume in the stock stood at 5.18 lakh shares today, compared to the daily average of 12.91 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 1112.9, up 1.36% on the day. Jindal Steel Ltd is up 17.08% in last one year as compared to a 0.62% slide in NIFTY and a 40.25% slide in the Nifty Metal index. The PE of the stock is 32.12 based on TTM earnings ending June 26. First Published: Jul 31 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
National Aluminium Company Ltd is quoting at Rs 353.45, up 1.67% on the day as on 12:49 IST on the NSE. The stock is up 95.6% in last one year as compared to a 0.62% drop in NIFTY and a 40.25% drop in the Nifty Metal index. National Aluminium Company Ltd is up for a third straight session in a row. The stock is quoting at Rs 353.45, up 1.67% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.39% on the day, quoting at 24413.1. The Sensex is at 78193.78, up 0.34%. National Aluminium Company Ltd has risen around 5.62% in last one month. Meanwhile, Nifty Metal index of which National Aluminium Company Ltd is a constituent, has risen around 3% in last one month and is currently quoting at 12701.8, up 0.51% on the day. The volume in the stock stood at 42.38 lakh shares today, compared to the daily average of 68.37 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 351.95, up 0.59% on the day. National Aluminium Company Ltd is up 95.6% in last one year as compared to a 0.62% drop in NIFTY and a 40.25% drop in the Nifty Metal index. The PE of the stock is 10.98 based on TTM earnings ending March 26. First Published: Jul 31 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zee Entertainment Enterprises Ltd is quoting at Rs 116, up 3.38% on the day as on 12:49 IST on the NSE. The stock is down 0.28% in last one year as compared to a 0.62% jump in NIFTY and a 0.17% jump in the Nifty Media index. Zee Entertainment Enterprises Ltd is up for a third straight session today. The stock is quoting at Rs 116, up 3.38% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.39% on the day, quoting at 24413.1. The Sensex is at 78193.78, up 0.34%. Zee Entertainment Enterprises Ltd has gained around 7.1% in last one month. Meanwhile, Nifty Media index of which Zee Entertainment Enterprises Ltd is a constituent, has gained around 7.32% in last one month and is currently quoting at 1585.45, up 2.15% on the day. The volume in the stock stood at 407.78 lakh shares today, compared to the daily average of 235.81 lakh shares in last one month. The PE of the stock is 83.77 based on TTM earnings ending March 26. First Published: Jul 31 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahanagar Gas Ltd is quoting at Rs 1130, up 1.03% on the day as on 12:49 IST on the NSE. The stock is down 15.51% in last one year as compared to a 0.62% gain in NIFTY and a 10.7% gain in the Nifty Energy index. Mahanagar Gas Ltd rose for a third straight session today. The stock is quoting at Rs 1130, up 1.03% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.39% on the day, quoting at 24413.1. The Sensex is at 78193.78, up 0.34%. Mahanagar Gas Ltd has dropped around 2.75% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has dropped around 2.87% in last one month and is currently quoting at 38313.55, up 0.81% on the day. The volume in the stock stood at 5.6 lakh shares today, compared to the daily average of 2.59 lakh shares in last one month. The PE of the stock is 13.04 based on TTM earnings ending March 26. First Published: Jul 31 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IT stocks slipped in Friday's trade owing to profit-taking. First Published: Jul 31 2026 | 10:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Astra Microwave Products surged 12.09% to Rs 1,933.95 after the company said it had secured an order worth Rs 2,205.23 crore from Hindustan Aeronautics for the procurement of critical systems for the Uttam Radar programme. Hindustan Aeronautics (HAL), a Government of India enterprise under the Ministry of Defence, awarded the domestic contract. The order is scheduled to be executed over a period of five years. Astra Microwave Products is a defence electronics company. It reported a 44.23% jump in consolidated net profit to Rs 105.98 crore on a 19.71% increase in revenue from operations to Rs 488.24 crore in Q4 FY26 over Q4 FY25. First Published: Jul 31 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Quick Heal Technologies declined 1.52% to Rs 155.80 after the company reported a consolidated net loss of Rs 5.28 crore in Q1 FY27, compared with a net loss of Rs 5.51 crore recorded in Q1 FY26. The company reported a loss before tax of Rs 7.32 crore in Q1 FY27, compared with a loss before tax of Rs 7.00 crore in the corresponding quarter last year. EBITDA loss widened to Rs 17.6 crore in Q1 FY27 from Rs 9.7 crore in Q1 FY26, while EBITDA margin deteriorated to a negative 39.1% from a negative 17.0% in the year-ago period. Harish Kumar G S, chief executive officer of Quick Heal Technologies, said, We are executing against a clear growth agenda centred on AI-driven cybersecurity, exploring newer offerings, enterprise expansion, and customer-centric innovation. Our priority is to sharpen our go-to-market motion, elevate execution excellence, and enhance agility across the organisation to deliver greater customer value. By combining innovation with disciplined execution, we are strengthening our market position, deepening customer relationships, and building the capabilities required for sustainable long-term growth. Ankit Maheshwari, chief financial officer, Quick Heal Technologies, added: "We continue to maintain a disciplined approach to growth, balancing strategic investments with a strong focus on cash flows and operational efficiency. While consumer demand remains impacted by market headwinds, our focused collections strategy and prudent financial management have helped strengthen business fundamentals. In enterprise, we continue to see encouraging traction, supported by customer wins across high-priority sectors, including Defence, BFSI and IT services. These engagements reinforce our confidence in the market opportunity ahead and our ability to deliver sustainable growth through sharpened execution and customer-centric innovation." Quick Heal Technologies is a leading global cybersecurity solutions provider. It offers end-to-end cybersecurity solutions across B2C, B2B, and B2G segments. With its widely recognized brands Quick Heal and Seqrite, the company provides AIpowered, patented technologies that protect endpoints, networks, data, mobility, and cloud environments. First Published: Jul 31 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cart wars reloaded! Eternal vs Swiggy: Who'll feel the heat from Zepto IPO? First Published: Jul 31 2026 | 10:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India is being rediscovered as the premier anti-AI trade: Manish Bhandari First Published: Jul 31 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Swiggy shares slide 5% post Q1 results; MOFSL retains 'Buy' for 18% upside First Published: Jul 31 2026 | 10:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
AWL Agri Business rallied 3.61% to Rs 194.51 after the company's consolidated net profit jumped 48.15% YoY to Rs 350.28 crore in Q1 FY27, driven by stronger execution across businesses and healthy contribution from all business segments. Profit before tax (PBT) increased 51.04% YoY to Rs 478.48 crore, while operating EBITDA grew 34% YoY to Rs 693 crore, reflecting improved operating performance. The Food & FMCG business remained the company's primary growth engine, with revenue rising 22% YoY to Rs 1,726 crore. The segment also delivered EBITDA of over Rs 100 crore. Other Food & FMCG categories, including soya nuggets, poha, sugar, soaps and biryani kits, continued to gain scale and registered double-digit growth. The edible oil business posted 2% YoY volume growth while maintaining healthy profitability despite continued volatility in global edible oil prices. Revenue from alternate channels comprising e-commerce, quick commerce and modern trade increased 33% YoY, while volumes grew 27%. Quick commerce emerged as a key growth driver, with volumes surging 56% YoY, significantly outperforming the broader market. Other channels, The HoReCa (Hotels, Restaurants and Caf) business recorded 30% YoY growth, supported by stronger customer demand, wider geographic reach and continued expansion of its distributor network. Meanwhile, the branded exports business continued to scale rapidly, with volumes doubling during the quarter on the back of broader international distribution and deeper market penetration. Shrikant Kanhere, MD & CEO, AWL Agri Business (formerly Adani Wilmar), said: We have delivered yet another quarter of strong financial performance, with broad-based growth and robust profitability, reflecting the continued execution of our strategy to build a large, trusted Food FMCG platform. We delivered this performance through disciplined execution, a favorable business mix and the strength of our integrated operating model. Food & FMCG continues to be the primary growth driver for the Company, supported by sustained momentum across our core categories, expanding distribution and increasing consumer preference for branded packaged foods. We are equally encouraged by the rapid growth of Alternate Channels, particularly Quick Commerce, which is emerging as an important growth engine for our food business. Going forward, our priorities remain clear - strengthening our food portfolio, improving distribution productivity, scaling future-ready channels and driving profitable growth. We remain confident that these strategic priorities will enable us to sustain the growth momentum in our Food & FMCG business while continuing to enhance the quality of earnings and create long-term value for all our stakeholders. Meanwhile, the board appointed Pankaj Goyal as the company's chief financial officer (CFO) with effect from 31 July 2026. He had been serving as the interim CFO. AWL Agri Business is one of Indias leading food & FMCG companies, offering a broad portfolio of kitchen staples, including edible oils, wheat flour, rice, pulses and sugar. First Published: Jul 31 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Finance's share price hit a peak of ?1,122 on the National Stock Exchange. First Published: Jul 31 2026 | 10:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
National Stock Exchange of India (NSE) reported its consolidated financial results for the quarter ended 30 June 2026 (Q1 FY27). Total income rose 9.5% YoY to Rs 5,252 crore in Q1 FY27 from Rs 4,798 crore in the corresponding quarter last year. Operating EBITDA increased 14.8% YoY to Rs 3,594 crore in Q1 FY27 from Rs 3,130 crore in Q1 FY26. Operating EBITDA margin improved to 79% from 78% in the year-ago quarter. Total expenses rose 7.2% YoY to Rs 1,129 crore in Q1 FY27 from Rs 1,053 crore in Q1 FY26. Revenue from operations increased 13.1% YoY to Rs 4,560 crore from Rs 4,032 crore. Revenue from transaction charges rose to Rs 3,623 crore from Rs 3,154 crore a year ago. Revenue from data connectivity charges stood at Rs 258 crore, operating investment income was Rs 234 crore, and revenue from data feed and terminal services came in at Rs 150 crore. Share of profit from associates declined 15% YoY to Rs 26 crore from Rs 30 crore. The exchange reported a profit of Rs 20 crore on sale of investment in associates during the quarter, while the impact of discontinued operations was a loss of Rs 2 crore. During the quarter, NSE contributed Rs 20,579 crore to the exchequer through taxes, duties and regulatory fees. This included Securities Transaction Tax/Commodity Transaction Tax (STT/CTT) of Rs 18,313 crore, stamp duty of Rs 980 crore, GST of Rs 657 crore, income tax of Rs 373 crore and SEBI fees of Rs 256 crore. Of the total STT/CTT collected, equity derivatives contributed 57%, cash market delivery transactions 37% and cash market intraday trades 6%. National Stock Exchange of India (NSE) is India's leading stock exchange, offering services across listings, trading, clearing and settlement, indices and market data. It pioneered electronic trading in India in 1994 and is the world's largest derivatives exchange by trading volume and the third-largest equity exchange by number of trades in 2025. First Published: Jul 31 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee added momentum in opening trades on Friday tracking a sharp drop in dollar overseas. INR opened at Rs 95.40 per dollar and hit a high of 95.25 so far during the day. Yesterday, the counter closed at 95.50. DXY fell over 1% to 99.71, the lowest since in around six weeks late yesterday triggered by a combination of a massive, suspected currency intervention by the Japanese Government to prop up the yen, cooling U.S. inflation data, and market skepticism over the Federal Reserve's monetary policy stance. Meanwhile, investors also assessed the Federal Reserve's decision to leave rates unchanged and monitored escalating tensions in the Middle East. The benchmarks opened slightly higher, backed by continued foreign institutional investor (FII) buying and lower crude oil prices, though an immediate drop in IT stocks capped early gains. The BSE Sensex is trading flat at 77,959.96 (+0.04%), while the NSE Nifty 50 hovers near 24,343.70 (+0.11%). First Published: Jul 31 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Jul 31 2026 | 9:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian property sales by NRIs driven by liquidity, portfolio diversification First Published: Jul 31 2026 | 9:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Result Today: Aadhar Housing Finance, Aarti Drugs, ABB India, Aditya Birla Capital, Aether Industries, Aptus Value Housing Finance India, Astec Lifesciences, Bajaj Finserv, Bajaj Holdings & Investment, Blue Dart Express, Bluspring Enterprises, Century Plyboards (India), Corona Remedies, Dixon Technologies (India), GAIL (India), Glenmark Pharmaceuticals, Gujarat Mineral Development Corporation, Intellect Design Arena, Indian Oil Corporation, ITC, Jagran Prakashan, Jindal Worldwide, Kajaria Ceramics, Kesoram Industries, Kirloskar Brothers, LG Balakrishnan & Bros, Maruti Suzuki India, National Aluminium Company, Sanghvi Movers, Sasken Technologies, Shree Cement, SJVN, Strides Pharma Science, Sun Pharmaceutical Industries, Voltamp Transformers and Xpro India are scheduled to announce their quarterly earnings today. Stocks to Watch: RailTel Corporation reported a 0.5% year-on-year decline in net profit to Rs 65.8 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 66.1 crore in the corresponding quarter last year. Revenue from operations rose 20.1% to Rs 893 crore in Q1 FY27 from Rs 744 crore in Q1 FY26. Pricol reported a 34% year-on-year increase in consolidated net profit to Rs 67 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 50 crore in the corresponding quarter last year. Revenue from operations rose 23.5% to Rs 1,105 crore in Q1 FY27 from Rs 895 crore in Q1 FY26. Honda India Power Products reported a 16.8% year-on-year increase in net profit to Rs 11.1 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 9.5 crore in the corresponding quarter last year. Revenue from operations rose 21.9% to Rs 189 crore in Q1 FY27 from Rs 155 crore in Q1 FY26. The company has appointed Sameer Jain as chief financial officer (CFO) with effect from 1 October 2026. Vinay Mittal will retire as CFO with effect from 30 September 2026. Filatex India reported a 19.3% year-on-year increase in consolidated net profit to Rs 48.5 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 40.6 crore in the corresponding quarter last year. Revenue from operations rose 9.1% to Rs 1,145 crore in Q1 FY27 from Rs 1,049 crore in Q1 FY26. Mazagon Dock Shipbuilders reported a 21.5% year-on-year increase in consolidated net profit to Rs 549 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 452 crore in the corresponding quarter last year. Revenue from operations rose 12% to Rs 2,943 crore in Q1 FY27 from Rs 2,626 crore in Q1 FY26. LIC Housing Finance reported a 9.9% year-on-year increase in consolidated net profit to Rs 1,499 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 1,364 crore in the corresponding quarter last year. Total income declined 1.4% to Rs 7,086 crore in Q1 FY27 from Rs 7,186 crore in Q1 FY26. First Published: Jul 31 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 157.79% to Rs 35.06 crore First Published: Jul 31 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 21.39% to Rs 44.99 crore First Published: Jul 31 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 10.56% to Rs 34.76 crore First Published: Jul 31 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 14.42% to Rs 445.66 crore First Published: Jul 31 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 1.34% to Rs 7066.80 crore First Published: Jul 31 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 11.92% to Rs 327.20 crore First Published: Jul 31 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 0.95% to Rs 88.37 crore First Published: Jul 31 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rise in ultra-rich sharing profits with those who manage their money in India shows how the country has become an increasingly competitive market for family office talent | Illustration: Binay Sinha First Published: Jul 31 2026 | 8:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sensex, Nifty outlook for August: Technical analysts decode charts, highlight key levels to watch out for on the benchmark indices. First Published: Jul 31 2026 | 8:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
South Korea's Kospi index jumped more than 15 per cent on Friday, tracking Wall Street gains, as artificial intelligence-related stocks bounced back after losses this week. US futures edged higher, and oil prices rose. In early Asian trading, the Kospi rose 15.3 per cent to 6,447.10. Shares of South Korean technology giant Samsung Electronics surged 21.5 per cent, while memory chipmaker SK Hynix soared 25.6 per cent. The Kospi index had plummeted more than 16 per cent on Tuesday and Wednesday on a sell-off of technology stocks in part over worries about an AI bubble and rising intensive competition from chipmaking rivals in China. Tokyo's Nikkei 225 also climbed 5 per cent in early Friday trading. Multinational investment holding company and OpenAI-investor SoftBank Group jumped 14.7 per cent, while chip equipment maker Tokyo Electron rose 9.3 per cent. Oil prices traded higher on tensions between the US and Iran, and as the Strait of Hormuz, a key waterway for oil transport, remained largely closed. Brent crude, the international standard, was up 0.3 per cent to $87.14 per barrel. It was around $72 a barrel before the start of the Iran war in late February. On Thursday, Wall Street's benchmark S&P 500 was up 1.7 per cent to 7,437.63. The Dow Jones Industrial Average added 1.2 per cent to 52,208.06. The technology-heavy Nasdaq composite rose 2.8 per cent to 25,122.18. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 31 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty IT logs best monthly gain in 6 years. Worst over? First Published: Jul 31 2026 | 8:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
July market review: Sensex, Nifty set for 2% gain led by a strong rally in IT shares. First Published: Jul 31 2026 | 8:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to Watch today: Tata Steel, ITC, Sun Pharma, Swiggy, IOCL, IRFC First Published: Jul 31 2026 | 8:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Refex Industries said it has secured a rate contract worth around Rs 22.75 crore from a Maharatna Central Public Sector Enterprise (CPSE) for the transportation of ash to road construction sites. The company clarified that the contract has been awarded by a domestic entity and does not constitute a related-party transaction. Neither the promoter nor the promoter group has any interest in the awarding entity. Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions. On a year-on-year (YoY) basis, the company's consolidated net profit surged 201.22% to Rs 63.80 crore in Q1 FY27, compared with Rs 21.17 crore in Q1 FY26. Shares of Refex Industries fell 4.94% to close at Rs 299.05 on the BSE. First Published: Jul 31 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to open higher on Friday, tracking a rally in global chip stocks. First Published: Jul 31 2026 | 8:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Navneet Damani (left) and Manav Modi of Motilal Oswal Financial Services First Published: Jul 31 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nandish Shah of HDFC Securities shares Bull Spread strategy on Nifty 50. First Published: Jul 31 2026 | 7:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fed Chair Kevin Warsh said policymakers won’t hesitate to act if price pressures don’t ease First Published: Jul 30 2026 | 10:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 30 2026 | 10:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajaya Mohanty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities and Exchange Board of India (Sebi) This article has been processed by AI. It is not an official market report and should not be considered financial advice.
International Labour Organization First Published: Jul 30 2026 | 9:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian Paints reported consolidated revenue growth of 18 per cent Y-o-Y in Q1FY27 (flat in Q1FY26), while standalone revenue grew 17 per cent Y-o-Y This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 30 2026 | 8:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mankind Pharma has reported 29.1% increase in consolidated net profit to Rs 574 crore on a 12.9% rise in revenue from operations to Rs 4,031 crore in Q1 FY27 as compared with Q1 FY26. Domestic revenue (ex-Consumer Health) increased 11.0% YoY to Rs 3,180 crore, driven primarily by double digit growth in Mankind business and supported by strong growth in BSV specialty business. The Consumer Healthcare Business has recorded revenue of Rs 246 crore (up 4% YoY), partly impacted by base effect of discontinued cash and carry business. Revenue from International business increased by 29% YoY to Rs 605 crore in Q1FY27. EBITDA improved by 24.7% YoY to Rs 1,060 crore while EBITDA margin expanded 250 basis points YoY to 26.3% Profit before tax in Q1 FY27 stood at Rs 769 crore, up by 42% from Rs 540 crore in Q1 FY26. "Our disciplined execution and strengthening business fundamentals, resulted in improvements across key operating and financial metrics in Q1FY27, laying the foundation to deliver long-term sustainable growth," Mankind Pharma said in a statement. The corporate guarantee will be treated as a contingent liability and commitment for the company to the extent of facility to be availed by the BSV. Mankind Pharma is one of the largest pharmaceutical company in India. The company operates at the intersection of the Indian pharmaceutical formulations and consumer healthcare sectors. The scrip shed 0.60% to end at Rs 2576.95 on the BSE today. First Published: Jul 30 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 30 2026 | 7:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 30 2026 | 7:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 30 2026 | 7:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 30 July 2026 First Published: Jul 30 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hyundai Motor India has reported 35.1% drop in consolidated net profit to Rs 888.6 crore in Q1 FY27 from Rs 1,369.2 crore in Q1 FY26. Revenue for the period under review was Rs 16,334.6 crore, down 0.5% YoY. EBITDA declined by 30.8% YoY to Rs 1,511.7 crore while EBITDA margin contracted 400 basis points YoY to 9.3%. Profit before tax in Q1 FY27 stood at Rs 12,016 crore, down by 34.6 % from Rs 18,472 crore in Q1 FY26. The company's total sales fell by 1.3% to 178,082 units in Q1 FY27 from 180,399 units in Q1 FY26. While domestic sales rose by 5.4% YoY to 139,374 units, exports fell by 19.6% YoY to 38,708 units in the June'26 quarter. Hyundai Motor said that the margins were impacted by production disruption, geopolitical conflict and commodity headwinds. Further, capacity stabilization costs impacted annualised performance while lower government incentives adversely affected sequential performance. Hyundai Motor India manufactures and sells passenger cars, along with vehicle parts and accessories. The scrip rose 1.63% to end at Rs 2024.55 on the BSE today. First Published: Jul 30 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 30 2026 | 7:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 30 2026 | 6:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 30 2026 | 6:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Initial public offerings (IPOs) First Published: Jul 30 2026 | 6:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Initial public offerings (IPOs) First Published: Jul 30 2026 | 6:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For establishment of CBG plants in Delhi Oil India has signed a Memorandum of Understanding (MoU) with the Municipal Corporation of Delhi (MCD) for the establishment of Compressed Bio-Gas (CBG) plant(s) based on Segregated Organic Municipal Solid Waste in Delhi. The Memorandum of Understanding establishes a framework for cooperation between OIL and MCD to facilitate the development of CBG plants. Initially to take this forward two CBG plants of the capacity 500 TPD and 300 TPD respectively utilizing segregated organic municipal solid waste generated within Delhi are bring planned. These plants will produce 30 to 32 TPD of Compressed Biogas. The initiative aims to convert biodegradable waste into renewable green fuel, thereby reducing landfill dependency, improving urban sanitation, lowering greenhouse gas emissions, and supporting the Government of India's energy transition and circular economy objectives. First Published: Jul 30 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Power Renewable Energy (TPREL) today conducted the groundbreaking ceremony of its 800 MW renewable energy project. The project comprises 400 MW of wind power capacity (based out at Kanekallu, Ananthapuram) and 400 MW of solar power capacity (based out at Pattikonda, Kurnool). TPREL will serve as the project developer for the wind asset, while Suzlon, will undertake the Engineering, Procurement, and Construction (EPC) scope for the wind component at Anathapuram. Suzlon is a leading wind turbine manufacturer and end-to-end wind energy solutions provider. The remaining 400 MW Project will be developed by TPREL for NTPC and will comprise 200 MW Firm and Dispatchable Renewable Energy (FDRE) project for NTPC. The FDRE project will incorporate a Battery Energy Storage System (BESS) with a storage capacity of 25 MW / 50 MWh. The balance 200 MW solar project capacity remains available for future allocation. The project has secured 800 MW Inter-State Transmission System (ISTS) connectivity at the Ananthapuram II & Kurnool-4 CTUIL Substations, enabling efficient evacuation of renewable power through the national transmission network. The availability of ISTS connectivity provides a robust transmission network for efficient evacuation of power from the project. The project is being implemented in accordance with the Andhra Pradesh Integrated Clean Energy (ICE) Policy, which seeks to encourage large-scale investments in clean energy, accelerate renewable capacity addition, and promote sustainable industrial growth within the State. The project will require a total land area of 3,462 acres, including 2,700 acres for the solar installation and 760 acres for the wind development. First Published: Jul 30 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee stayed steady for the fifth straight session and settled with a gain of 9 paise at 95.67 (provisional) against the US dollar on Thursday, taking cues from positive domestic equity markets and inflows of foreign capital. Indian shares ended modestly higher on Thursday as continued buying in information technology stocks and signs of fresh foreign fund inflows offset worries about a surge in crude oil prices amid escalating Middle East tensions. NSE Nifty 50 settled at 24,317.15, gaining 66.95 points (+0.28%) after reclaiming the key 24,300 level while BSE Sensex closed at 77,928.15, jumping 273.55 points (+0.35%) in a volatile trading session. A softening dollar also supported the local currency, but its upward move was restricted due to volatile crude oil prices, triggered by a fresh escalation of the war in West Asia. At the interbank foreign exchange, the rupee opened at 95.59 and traded in the range of 95.56 to 95.75 against the greenback. The Indian unit ended the session at 95.67 (provisional) against the US dollar, registering a gain of 9 paise from its previous closing level. First Published: Jul 30 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nikhil Barshikar, Managing director of Imarticus Learning This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Led by its two-wheeler business (Royal Enfield, or RE), the company reported consolidated revenue growth of 32 per cent, with both RE and commercial vehicle joint venture Volvo Eicher Commercial Vehicles (VECV) recording their highest-ever volumes during the quarter This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vedanta has reported 152% jump in consolidated net profit to Rs 5,294 crore in Q1 FY27 from Rs 2,102 crore in Q1 FY26. Consolidated revenue for the period under review was Rs 23,456 crore, up 51% YoY driven by higher LME, premiums, and forex gain. EBITDA increased by 98% YoY to Rs 8,469 crore while EBITDA margin expanded 985 basis points YoY to 57%. Profit before tax in Q1 FY27 stood at Rs 7,189 crore, up by 145% from Rs 2,933 crore in Q1 FY26. As on 30 June 2026, gross debt was Rs 28,291 crore while net debt was Rs 8,299 crore. Arun Misra, executive director, Vedanta, said: "We have delivered a strong start to FY27, with robust performance across all business segments of demerged Vedanta. Zinc India registered its highest-ever first-quarter mined metal production. FACOR delivered its highest-ever quarterly ore production and EBITDA. Copper India recorded its highest first-quarter sales in eight years. Zinc International continued to build momentum at Gamsberg, with Phase-1 output rising sequentially and Phase-2 on track to commence this quarter. This consistent operational execution across our portfolio reflects the strength of our underlying asset base and our continued focus on volume growth, cost efficiency and value creation." In a separate filing, Vedanta has announced to demerge its surplus real estate assets accumulated at prominent locations across India into Vedanta Property Platforms (VPPL). The proposed demerger will enable to unlock value out of these surplus assets. The demerger is planned to be a vertical split, wherein for every 20 shares of Vedanta, the shareholders of Vedanta will receive 1 share of VPPL. The surplus real estate portfolio to be demerged comprises of 2,200 acres of industrial land and 55,000 square feet for residential/ commercial properties. Anil Agarwal, chairman of Vedanta Group, stated: "This is yet another exciting announcement from Vedanta. After the recent success of the five-way demerger creating "pure-play" entities across oil and gas, aluminium, power, and steel, we plan to demerge the surplus real estate assets into an independent "pure-play company to unlock significant value for the stakeholders." Vedanta is a step-down subsidiary of Vedanta Resources. Vedanta houses the Groups base metals portfolio, including Zinc India, Zinc International, copper and other emerging businesses such as nickel. The entity, through its subsidiary Hindustan Zinc, is among the largest producers of zinc, lead and silver, commanding a strong market position in India. The scrip rose 1.17% to end at Rs 267.60 on the BSE today. First Published: Jul 30 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 6.73% to Rs 2302.73 crore First Published: Jul 30 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 54.57% to Rs 4835.00 crore First Published: Jul 30 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 16.72% to Rs 263.21 crore First Published: Jul 30 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 3.35% to Rs 210.43 crore First Published: Jul 30 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 7.38% to Rs 6.26 crore First Published: Jul 30 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 14.34% to Rs 3.03 crore First Published: Jul 30 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 30 2026 | 10:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Balkrishna Industries stock soared 10% on heavy volume in Thursday's trade. First Published: Jul 30 2026 | 10:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MTAR Technologies hit the 5% upper circuit at Rs 5,442.20 after the company reported a sharp jump in earnings for the quarter ended 30 June 2026 (Q1 FY27). Revenue from operations soared 130.4% YoY to Rs 360.7 crore in Q1 FY27 from Rs 156.6 crore in the corresponding quarter last year. Revenue rose 17.8% QoQ from Rs 306.1 crore in Q4 FY26. Gross profit climbed 93.4% YoY and 21.3% QoQ to Rs 164.2 crore in Q1 FY27. Gross margin stood at 45.5% compared with 54.2% a year ago and 44.2% in Q4 FY26. Profit before tax stood at Rs 67.4 crore in Q1 FY27, up 13.3% QoQ and 355.4% YoY. EBITDA jumped 199.6% YoY and 37.7% QoQ to Rs 85.1 crore in Q1 FY27. EBITDA margin improved to 23.6% from 20.2% in Q4 FY26 and 18.1% in Q1 FY26. Employee benefits expense increased 35.6% YoY to Rs 46.5 crore, while other expenses rose 46.8% YoY to Rs 32.6 crore. Finance costs surged to Rs 15.8 crore from Rs 5.8 crore a year ago, while depreciation and amortisation expense increased 15.5% YoY to Rs 9.7 crore. The company reported a total tax expense of Rs 17.2 crore in Q1 FY27, compared with Rs 4.0 crore in the corresponding quarter last year. During the quarter, exports contributed 81% of revenue, while domestic business accounted for 19%. MTAR secured fresh orders worth Rs 2,895.1 crore during Q1 FY27, the highest quarterly order inflow in its history. Its order book stood at Rs 5,143.3 crore as on 30 June 2026, supported by strong demand across clean energy, aerospace and defence, and other technology segments. Managing director Parvat Srinivas Reddy said the company delivered another strong quarter in line with its FY27 growth guidance and believes MTAR is at an inflection point, with each of its key business verticals positioned for the next phase of growth. MTAR Technologies is a leading manufacturer engaged in manufacturing and development of mission critical precision engineered systems catering to clean energy civil nuclear power, fuel cells, hydel & others, aerospace and defence sectors. It has sixteen strategically based manufacturing units including an export-oriented unit each based in Hyderabad, Telangana. First Published: Jul 30 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Housing Finance has reported 23% rise in net profit to Rs 715 crore on a 16% increase in net total income to Rs 1,175 crore in Q1 FY27 as compared with Q1 FY26. Net interest income (NII) rose by 9% to Rs 968 crore in Q1 FY27 from Rs 887 crore in Q1 FY26. Operating expenses for the period under review added up to Rs 230 crore, up 7% YoY. Pre-provisioning operating profit jumped 19% year-on-year (YoY) to Rs 945 crore in the June'26 quarter. Loan Losses & Provision declined by 58% to Rs 16 crore in Q1 FY27 from Rs 38 crore in Q1 FY26. Profit before tax in Q1 FY27 stood at Rs 929 crore, up by 23% from Rs 757 crore in Q1 FY26. Disbursements increased by 33% to Rs 19,509 crore in Q1 FY27 from Rs 14,651 crore in Q1 FY26. Assets under management grew by 24% to Rs 1,49,624 crore as of 30 June 2026 from Rs 1,20,420 crore as of 30 June 2025. Gross NPA and Net NPA as of 30 June 2026 stood at 0.29% and 0.12% respectively, as against 0.30% and 0.13%, respectively, as of 30 June 2025. Provisioning coverage ratio on stage-3 assets was 59% as on 30 June 2026. Capital adequacy ratio (including Tier-II capital) as of 30 June 2026 was 21 .59%. Bajaj Housing Finance (BHFL), a subsidiary of Bajaj Finance, is a non-deposit taking housing finance company registered with the National Housing Bank. BHFL is classified as an 'Upper Layer NBFC' under the RBI's Scale Based Regulations. The scrip fell 1.63% to currently trade at Rs 86.10 on the BSE. First Published: Jul 30 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 30 2026 | 10:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lohia Corp shares list at nearly 9% premium, beats GMP expectations First Published: Jul 30 2026 | 10:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Redington surged 15.57% to Rs 331.90 after the company reported record financial results for the quarter ended 30 June 2026 (Q1 FY27). Revenue from operations rose 34.6% YoY to Rs 34,922.5 crore in Q1 FY27 from Rs 25,952.0 crore in the corresponding quarter last year. Revenue increased 5.1% quarter-on-quarter (QoQ) from Rs 33,213.0 crore in Q4 FY26. The company said consolidated total income reached a record Rs 34,966 crore during the quarter, up 34.48% YoY. Profit before tax stood at Rs 610.9 crore in Q1 FY27, up 54.6% QoQ and 100.7% YoY. Total expenditure increased 33.9% YoY to Rs 34,214.72 crore in Q1 FY27. Employee expenses rose 23.8% YoY to Rs 474.8 crore, while interest costs declined 2.5% YoY to Rs 89.3 crore. Depreciation expense fell 5.8% YoY to Rs 50.7 crore. The company reported a current tax expense of Rs 177.3 crore, up 58.8% YoY from Rs 111.7 crore in Q1 FY26. During the quarter, India revenue grew 63% YoY, driven by execution of large enterprise deals, higher PC realisations amid memory supply constraints, premiumisation in mobility and sustained demand for cloud and cybersecurity solutions. Revenue from the Middle East and Africa increased 15% YoY despite geopolitical uncertainty. Among business segments, the Software Solutions Group grew 52% YoY, Technology Solutions Group 50%, Endpoint Solutions Group 35% and Mobility Solutions Group 21%. Redington said it delivered its highest-ever quarterly revenue and profit, with profit growth significantly outpacing revenue growth. The company said it remains focused on cloud, cybersecurity, AI-enabled infrastructure and digital transformation opportunities while maintaining operational resilience and capital efficiency. The company said it continues to closely monitor global geopolitical developments while maintaining a strong focus on business continuity across its markets. Redington is a technology solutions provider operating across more than 40 markets with over 450 brand associations and a network of 75,000+ channel partners. The company supports businesses in their digital transformation journeys across IT, telecom, lifestyle, solar, cloud, and enterprise technology solutions. First Published: Jul 30 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jagsonpal Pharmaceuticals surged 10% to Rs 254.67 after the company reported a 22.15% year-on-year increase in standalone net profit to Rs 13.18 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 10.79 crore in Q1 FY26. Profit before tax (PBT) climbed 22.52% YoY to Rs 17.68 crore in Q1 FY27. Operating EBITDA rose 21.4% YoY to Rs 19.1 crore from Rs 15.7 crore in Q1 FY26. EBITDA margin expanded to 23.2% from 20.8% a year earlier, supported by operating leverage driven by improved medical representative (MR) productivity. The company also highlighted the integration of Aequitas, which has a revenue base of Rs 53.3 crore. Management expects the acquisition to contribute to higher revenue and profitability from the second half of FY27 and is targeting EBITDA of more than Rs 10 crore by the second year after integration. Manish Gupta, managing director and CEO, Jagsonpal Pharmaceuticals, said, Q1FY27 reflects sustained traction in our business, with revenue growing 9% YoY, driven by higher MR productivity and continued strength across our key brands. We significantly outperformed the industry, with Pharmarack reporting 18.9% growth for Jagsonpal versus 11.6% for the IPM, leading to a 4 ranks improvement to #88 in the Indian pharmaceutical market. We recently completed the acquisition of a controlling stake (85%) in Aequitas Healthcare, marking our entry into the hospital supplies segment. We also concluded our Rs 40 crore share buyback resulting in an ROCE improvement by 340 bps. Even with these capital allocation initiatives, we ended the quarter with a healthy cash balance of Rs 170 crore. With a stronger business franchise, disciplined capital allocation, and multiple growth levers in place, we remain confident of sustaining profitable growth while pursuing value-accretive inorganic opportunities. Jagsonpal Pharmaceuticals has portfolio of drugs focusing on gynaecology, orthopaedics, dermatology and child-care segments. First Published: Jul 30 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Force Motors rose 1.05% to Rs 17,420 after the company reported a 22.81% year-on-year increase in consolidated net profit to Rs 216.59 crore in Q1 FY27, compared with Rs 176.36 crore in the corresponding quarter last year. Revenue from operations rose 6.21% to Rs 2,440.01 crore in Q1 FY27 as against Rs 2,297.25 crore in Q1 FY26. Profit before tax (PBT) added 5.61% YoY to Rs 293.29 crore in Q1 FY27, compared with Rs 277.71 crore in Q1 FY26. Total expenses rose 7.56% year on year to Rs 2,189.66 crore in Q1 FY27. Cost of materials consumed stood at Rs 1,749.03 crore (up 2.48%), employee benefit expense stood at Rs 195.12 crore (up 17.22% YoY), while finance costs were at Rs 0.04 crore (down 69.23% YoY) during the period under review. Force Motors said its board has approved a proposal to alter the Object Clause of the company's Memorandum of Association (MoA), subject to shareholders' approval. The company said the amendment is aimed at making the Object Clause more comprehensive, enabling it to undertake a wider range of business activities and pursue new projects that can be integrated with its existing operations. The revised Object Clause will also include provisions to undertake power generation for captive consumption as well as external commercial supply, providing the company with greater operational flexibility. Force Motors is engaged in manufacturing light commercial vehicles, utility vehicles, and engines. It is an automobile company with a focus on the design, development, and manufacture of a range of automotive components, aggregates, and vehicles. First Published: Jul 30 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Xtranet Technologies lists on exchanges Xtranet Technologies Share Price: Xtranet Technologies delivered a softer-than-expected stock market debut on Thursday, July 30, with the stock listing at a premium of merely 7 per cent despite strong demand for the company's ?167 crore initial public offering (IPO). Shares of the IT solutions provider listed at ?136.30 on the NSE, a premium of ?9, or 7 per cent, over the issue price of ?127 per share. On the BSE, the shares listed at ?130.10, translating into a premium of 2.4 per cent. The debut also fell short of grey market expectations. Ahead of listing, the company's unlisted shares were trading at around ?141.5, implying a premium of ?14.5 per share, or 11.42 per cent, over the issue price, according to sources tracking unofficial market activity. XtraNet Technologies Limited (XtraNet), incorporated in 2002, has over 24 years of experience in providing IT services and digital transformation solutions. The company has built a diversified client base with a strong presence across government departments, public sector undertakings (PSUs), and leading corporates. Its marquee government and PSU clients include BSNL, Central Power Research Institute (CPRI), EPFO, Indian Oil, the Income Tax Department, Delhi Police, Mumbai Metro, Food Corporation of India (FCI), and Gujarat Informatics, noted Mahesh M. Ojha, VP, research & business development, Kantilal Chagganlal Securities Pvt. Ltd "Considering the company's improving financial profile, diversified customer base, and long operating track record, long-term investors may continue to hold the stock," he added. First Published: Jul 30 2026 | 10:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Syngene International tumbles 9%, hits 52-week low after posting loss in Q1 First Published: Jul 30 2026 | 9:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 55.65% to Rs 28.50 crore First Published: Jul 30 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Jul 30 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Result Today: Aarti Industries, Archean Chemical Industries, Ajanta Pharma, Alivus Life Sciences, Apollo Pipes, AWL Agri Business, Bajaj Finance, Chambal Fertilisers & Chemicals, Data Patterns (India), Deepak Fertilisers & Petrochemicals Corporation, Exide Industries, Gillette India, Go Fashion (India), Honda India Power Products, Hyundai Motor India, ICRA, Indegene, Indian Railway Finance Corporation (IRFC), JBM Auto, LIC Housing Finance, LT Foods, Mahindra & Mahindra, Mankind Pharma, Mazagon Dock Shipbuilders, Global Health, Mahanagar Gas, Niva Bupa Health Insurance Company, National Securities Depository (NSDL), Nucleus Software Exports, Nuvama Wealth Management, Pricol, PSP Projects, Quick Heal Technologies, RailTel Corporation of India, Rainbow Children's Medicare, Swiggy, Tata Steel, Transport Corporation of India (TCI), Thermax, Torrent Pharmaceuticals, Vedanta and Westlife Foodworld will announce their quarterly earnings today. Stocks to Watch: Syrma SGS Technology reported a 101.2% year-on-year jump in consolidated net profit to Rs 100 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 49.7 crore in the corresponding quarter last year. Revenue from operations rose 68.3% to Rs 1,589 crore in Q1 FY27 from Rs 944 crore in Q1 FY26. Vedanta Oil & Gas reported a consolidated net profit of Rs 945 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with a net loss of Rs 103 crore in the corresponding quarter last year. The quarter included a one-time loss of Rs 441 crore. Revenue from operations rose 8.5% year-on-year to Rs 2,507 crore in Q1 FY27 from Rs 2,311 crore in Q1 FY26. Bajaj Housing Finance reported a 22.6% year-on-year increase in net profit to Rs 715 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 583 crore in the corresponding quarter last year. Total income rose 17% to Rs 3,063 crore in Q1 FY27 from Rs 2,616 crore in Q1 FY26. TeamLease Services reported a 31.7% year-on-year increase in consolidated net profit to Rs 34.9 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 26.5 crore in the corresponding quarter last year. Revenue from operations rose 5.8% to Rs 3,035 crore in Q1 FY27 from Rs 2,869 crore in Q1 FY26. Dabur India reported a 15% year-on-year increase in consolidated net profit to Rs 591 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 514 crore in the corresponding quarter last year. Revenue from operations rose 10.5% to Rs 3,764 crore in Q1 FY27 from Rs 3,405 crore in Q1 FY26. Force Motors reported a 22.8% year-on-year increase in consolidated net profit to Rs 217 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 176 crore in the corresponding quarter last year. Revenue from operations rose 6.2% to Rs 2,440 crore in Q1 FY27 from Rs 2,297 crore in Q1 FY26. First Published: Jul 30 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 42.82% to Rs 33.72 crore First Published: Jul 30 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.92% to Rs 93.32 crore First Published: Jul 30 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.93% to Rs 3845.20 crore First Published: Jul 30 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 44.57% to Rs 669.50 crore First Published: Jul 30 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.39% to Rs 2269.92 crore First Published: Jul 30 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 67.81% to Rs 857.48 crore First Published: Jul 30 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The KOSPI rose 4 per cent in choppy trading on Thursday, but is staring at a 12 per cent weekly decline | REUTERS Asian stocks struggled for direction on Thursday, nursing steep losses for the week on mounting investor jitters around the AI trade, while a divided Federal Reserve kept interest rates steady, leaving bond markets questioning where rates are headed. Brent futures slipped below $90 per barrel, after jumping over 7 per cent a day earlier as fighting in the Middle East escalated, although data showed tankers continued to make their way out of the region despite the continued missile and drone strikes. The dollar was ?on the defensive after the US central bank held steady although the split decision left investors confused on whether the Fed will see through rate hikes to combat inflation. Yields on longer-dated US Treasuries rose to 19-year highs. Asian chipmakers have been the centre of attention this week after a deep selloff in South Korean stocks that wiped more than $2 trillion from the country's equity market rocked markets and investors freted about the returns from massive AI spending. The KOSPI rose 4 per cent in choppy trading on Thursday, but is staring at a 12 per cent weekly decline that prompted Finance Minister Koo Yun-cheol to apologise for the introduction of single-stock leveraged ETFs. "Given that the fundamental thesis remains intact, there does appear to be an irrational, panic-like element to the current selling," said Gina Kim, portfolio manager for emerging market equities at Nordea Asset Management in Singapore. "I cannot comment on when the panic will stop as such but some indicators to look out for would be margin balances in both Taiwan and Korea for retail ?investors. Both are declining but we would ideally need to see some levelling off," said Kim. Chipmaker Samsung Electronics said its operating profit jumped 19-fold to a record in the second quarter, helping lift beaten-down investor sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan rose over 1 per cent in early trading. Japan's Nikkei was 2 per cent higher, but set for a 3 per cent drop in the week. Earnings from US megacaps Meta and Microsoft outlined the contrasting fortunes of the companies that are able to showcase their ability to generate cash even as they spend to build out AI infrastructure. Microsoft said it expects to keep generating cash through the fiscal year 2027 that just started, lifting its shares, while Meta reported a 91 per cent drop in second-quarter free cash flow, sending its stock down. Nasdaq futures rose 1.2 per cent in Asian hours while European futures were 0.3 per cent higher. Fed looking to markets for cues In a post-meeting media conference, Fed Chair Kevin Warsh ?vowed to contain inflation but declined to offer any guidance on what action would be needed by the central bank. Warsh noted that bond yields since the Fed's last monetary policy meeting had risen notably - investors have priced in interest rate increases - and he welcomed that move, even while saying it did not ?mean the central bank needed to ratify it with action. Yields on 30-year US bonds were at 5.2039 per cent, having hit their highest since June 2007 at 5.2273 per cent ?late in New York trading. [US/] "What we heard was a fairly defiant message about bringing inflation back to target, albeit with very little substance on exactly how that would be achieved," said Chris Weston, head of research at Pepperstone. Fed funds futures now implied around a 60 per cent chance the Fed ?would lift rates at its next meeting in September and had 33 basis points of tightening priced in by year-end. "The Fed is likely to face ongoing questions around its credibility," said Kerry Craig, global market strategist at J.P. Morgan Asset Management. "The gap between the Fed's rhetoric and its actions ?may pose a challenge for market pricing. A new chair faces a divided committee and a bond market that's starting to question the central bank's resolve." (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 30 2026 | 8:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy: TVS Motor among 3 stock ideas from Ajit Mishra; here's why First Published: Jul 30 2026 | 8:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch today: Bajaj Finance, Vedanta, Tata Steel, IRFC, Dabur India First Published: Jul 30 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Strait of Hormuz is the world's most important oil shipping route, through which around a fifth of global oil and gas flows previously passed Oil prices gave up some of their gains on Thursday as oil tankers continued to make their way out of the Middle East even as tensions there escalated, with the US-Iran war spreading beyond its main fronts. Brent futures fell $1.29, or 1.42 per cent, to $89.45 a barrel as of 0110 GMT. US West Texas Intermediate (WTI) crude fell ?56 cents, or 0.66 per cent, to $83.90 a barrel. Brent settled up 7.91 per cent in the previous session and WTI up 6.56 per cent in one of the sharpest spikes of the Iran war, reversing a 5 per cent plunge on Tuesday after a pause in hostilities in the five-month conflict. Thirty-nine commodity ships passed through the Bab el-Mandeb strait into the Red Sea on Tuesday, the highest number since July 19, with only a few transiting through the Strait of Hormuz, preliminary shipping data showed. "While overall volumes are reduced, oil continues to leak out of the region through multiple channels, and additional workarounds are being explored. The longer this situation persists, the more these alternative routes and methods will erode Iran's leverage over ?the Strait of Hormuz," IG market analyst Tony Sycamore said in a note. The Strait of Hormuz is the world's most important oil shipping route, through which around a fifth of global oil and gas flows previously passed. It has been largely blocked since the start of the US-Iran war in February despite efforts to reach a diplomatic breakthrough on the passage of ships through the strait. Iran has ruled out an Omani proposed for regional joint management of the strait, a senior Iran official said on Wednesday. US-Saudi strikes hit Iran-backed paramilitary forces in Iraq on Wednesday, the first time that Saudi had publicly joined US air strikes, ?in retaliation for drone attacks on Saudi oil targets launched from Iraq. That marked the resumption of US strikes in West Asia, since President Donald Trump over the weekend called off a bombing campaign amid ?dwindling munitions. Iran also said that it had fired on US bases in Jordan and struck three tankers that were ?transiting the Strait of Hormuz through what it said was an unauthorised route. Sources said on Wednesday that Saudi Arabia was seeking to build a coalition to protect Red Sea shipping from Houthi attacks. The ?Iran-backed group in Yemen said on July 20 that it would impose a naval blockade on Saudi Arabia in the Red Sea, expanding attacks on tankers and opening another new front in the Iran War ?in a push to also disrupt shipping in the Bab el-Mandeb strait, the second most important oil shipping channel. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 30 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oriental Rail Infrastructure announced that it has secured an order worth Rs 5.26 crore from Modern Coach Factory (MCF), Raebareli, Indian Railways. The contract is to be executed by 30 January 2027. Payment will be made after receipt, inspection and acceptance of the material by the consignee at the destination. The company said the order has been awarded by a domestic entity and does not involve any related party transaction. It also confirmed that neither the promoter nor the promoter group has any interest in the awarding entity. Oriental Rail Infrastructure is engaged in the manufacturing and supply of several diversified railway products and items for Indian Railways and other related industries. Its products include seat & berths, recorn, compreg board & articles thereof, furniture & parts, coated upholstery fabric, plywood, phenolic resin & hardener, silicon foam, etc. On the financial front, the company's consolidated net profit surged 121.2% year-on-year to Rs 11.88 crore in Q4 FY26 from Rs 5.37 crore in the corresponding quarter of the previous year. Revenue from operations increased 9.5% to Rs 153.48 crore from Rs 140.21 crore during the same period. Shares of Oriental Rail Infrastructure shed 0.23% to close at Rs 109.55 on the BSE. First Published: Jul 30 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to erase gains from last session at open. Investors will asses earnings reports from Mazagon Dock Shipbuilders, Ajanta Pharma, and other companies. First Published: Jul 30 2026 | 8:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy First Published: Jul 30 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 30 2026 | 12:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 29 2026 | 11:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
France's Publicis has launched a court challenge against India's antitrust body over its toughest-ever crackdown on the advertising industry, arguing the regulator has wrongly put the global brand name "Publicis Groupe" in the dock instead of the Indian legal entity. The Competition Commission of India (CCI) last year rattled India's nearly $30 billion media and entertainment industry with dawn raids ?on the local operations of WPP's GroupM, Dentsu, Publicis, Omnicom and other agencies over suspected collusion on advertising rates and discounts. However, Publicis says the CCI should amend its investigation papers to name its Indian unit, TLG India, rather than "Publicis Groupe", according to confidential documents reviewed by Reuters. The dispute, ongoing for more than a ??year in court and internally at the CCI, has effectively delayed the antitrust investigation into one of the world's biggest advertising groups. The broader case could reshape how advertising is priced and sold in India. During a Delhi High Court hearing last week, however, the antitrust watchdog's lawyer Jayant Mehta told the judge they could consider adding TLG India to the case and would return with a decision, but added the ?company's "endeavour is to somehow get exclusion" of its parent from the ambit of the case. The CCI and Publicis did not respond to requests for comment. Reuters is first to report details of Publicis' tussle with the CCI. Details of cartel cases are kept confidential in India, but Reuters had reported that the CCI's initial assessment found the firms used a WhatsApp group to coordinate and agree on pricing and entered into secret pacts. The case was triggered after Dentsu made submissions ??under a whistleblower-protection-like programme for lenient fines, Reuters had reported. BRAND NAME VS LEGAL NAME Documents show that when CCI sought permission for raids last ??year from an Indian court, it named all the Indian ?units of global advertising agencies, such as GroupM Media India, Dentsu Aegis Network India and Omnicom Media Group India. In Publicis' case, however, it named the entity as "Publicis Groupe". Publicis has seized on that contrast in its 889-page ?court filing dated June 30, which is not public but was reviewed by Reuters, arguing the watchdog ??should substitute its ?brand name with TLG India, after which it would be ready to cooperate. The CCI has so far not agreed to Publicis' Indian unit's demands, documents show. In March this year, investigators sent a summons addressed to Anupriya ?Acharya, calling her the "CEO of Publicis Groupe, South Asia", asking her to appear to answer questions ??under oath. TLG India's lawyers said Acharya cannot appear because "there is no legal person by the name of 'Publicis Groupe South ??Asia'," ?its submissions showed. Acharya did not respond to Reuters queries. Acharya's LinkedIn page describes her as "Chief Executive Officer at Publicis Groupe, South Asia". (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 29 2026 | 11:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ardee Industries Ltd, a leading firm in secondary metals and circular economy sectors, will launch its Initial Public Offering (IPO) on August 5 to raise up to ?426 crore through a combination of a fresh issue and an offer for sale. The price band has been fixed at ?50-53 per equity share for its upcoming IPO, valuing the company at ?1,671 crore. The three-day initial share sale will conclude on August 7, while the anchor investor bidding will take place on August 4, according to a public announcement on Wednesday. The IPO comprises a fresh issue of equity shares aggregating up to ?320 crore and an Offer for Sale (OFS) of up to 1.99 crore equity shares by promoters. At the upper end of the price band, the total issue size is pegged at about ?426 crore. Of the fresh issue, ?220 crore will be earmarked for funding the company's incremental working capital requirements, ?22 crore will go towards debt repayment, and the remaining amount will be used for general corporate purposes. Ahead of the IPO, the company witnessed secondary share transactions worth around ?115 crore involving a mix of institutional investors, seasoned market participants and family offices. The transactions, executed in two tranches on July 24 and July 27 at ?53 per share, saw participation from investors, including Ashish Kacholia, Rohit Kothari-led Winro Commercial, Bharat Value Fund, Jaisinghani Family Office, Jagdish Master Family Office, Anuj Sheth Family Office and Gagan Chaturvedi Family Office. Ardee Industries is engaged in the circular economy segment, focusing on the recovery and recycling of end-of-life energy storage products and non-ferrous scrap. It also reclaims critical resources from waste streams and manufactures pure lead and lead alloys used in sectors such as energy storage, e-mobility, automotive and chemicals. On the financial front, Ardee Industries' revenue from operations rose to ?1,167.65 crore in FY26 from ?462.96 crore in FY24. During the period, profit after tax also climbed sharply to ?84.68 crore from ?8.95 crore. The company's equity shares are likely to debut on the exchanges on August 12. Pantomath Capital Advisors is the sole book-running lead manager to the issue, while KFin Technologies is the registrar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 29 2026 | 10:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 29 2026 | 10:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Steel Q1 preview: Here's what top brokerages expect from steel major First Published: Jul 29 2026 | 10:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
S H kelkar and Company surged 13.09% to Rs 162.27 after the company's consolidated net profit jumped 75.99% to Rs 45 crore in Q1 FY27, compared with Rs 25.57 crore in Q1 FY26. Profit before exceptional items and tax increased 11.6% YoY to Rs 38.57 crore. During the quarter, the company reported an exceptional gain of Rs 29.95 crore, representing an on-account insurance claim received towards property, plant and equipment damaged in the fire at its Vashivali plant in Maharashtra in April 2024. Operating performance remained strong, with EBITDA rising 21.3% YoY to Rs 89 crore from Rs 73 crore a year ago. Consequently, the EBITDA margin improved to 13.4% in Q1 FY27 from 12.6% in the year-ago period, supported by operating leverage from higher revenues despite increased operating costs associated with the expanded global CDC network. The company noted that margins may vary across quarters depending on revenue scale and the absorption of fixed operating costs. On the business front, the Fragrances segment posted 9% YoY revenue growth to Rs 539 crore, while the Flavours segment recorded a sharp 63.2% YoY increase to Rs 112 crore. The core fragrance business benefited from sustained customer engagement and demand across key end-use segments, while the flavour business was supported by strong international demand and deeper customer engagement across markets. Geographically, revenue from India increased 4.8% YoY to Rs 363 crore during the quarter. Revenue from Europe rose 23.7% YoY to Rs 148 crore, while revenue from the Rest of the World surged 44.1% YoY to Rs 140 crore. Commenting on the companys strategic direction, Kedar Vaze, whole time director & CEO at SH Kelkar and Company, said, We have made a healthy start to the year, supported by sustained demand across key customer segments and encouraging momentum in the business. The performance reflects the strength of our customer relationships, diversified product portfolio, and continued focus on execution. Building on the progress of our strategic growth initiatives, our focus is increasingly on leveraging our expanded capabilities to deepen customer partnerships and broaden the opportunity pipeline. The continued strengthening of our R&D, creative development centres, and manufacturing platform is enhancing our ability to respond more effectively to evolving customer requirements and develop differentiated solutions across categories and markets. Commenting on the performance and financial priorities, Jagdish Agarwal, group chief financial officer at SH Kelkar and Company, said: The Fragrance segment delivered healthy growth during Q1 FY27, while the Flavour segment recorded strong growth across geographies and was a key contributor to the overall performance. The global environment remains fluid, with geopolitical developments and volatility in select raw material prices requiring close monitoring. Our strategic inventory build-up has provided greater supply assurance and supported business continuity, while also resulting in higher working capital requirements. Debt levels remain consistent with our earlier guidance. Looking ahead through FY27, the pace of revenue growth may vary across quarters depending on the timing of customer orders, with margins influenced by changes in product mix, raw material costs and the phasing of operating expenses. Notwithstanding these quarterly variations, the current business momentum keeps us on track to deliver double-digit revenue growth and improved margins for the full year. Meanwhile, the board approved the sale of the company's entire equity stake in Keva Ventures (KVPL), its wholly owned subsidiary, to Keva Aromatics, a promoter group company for an aggregate considerations of Rs 45,85,000. S H Kelkar and Company (SHK) is the largest Indian-origin Fragrance & Flavour Company in India. Its fragrance products and ingredients are used as a raw material in personal wash, fabric care, skin and hair care, fine fragrances and household products. Its flavour products are used as a raw material by producers of baked goods, dairy products, beverages and pharmaceutical products. The Company offers products under SHK, Cobra and Keva brands. First Published: Jul 29 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TruAlt Bioenergy advanced 3.76% to Rs 434.55 after reporting its financial results for the quarter ended 30 June 2026. The company's consolidated net profit surged 1,108.3% year-on-year to Rs 57.15 crore in Q1 FY27. On a sequential basis, net profit declined 15.8% from Rs 67.87 crore in Q4 FY26. Net sales more than doubled, rising 106.3% YoY and 5.3% QoQ to Rs 626.88 crore in Q1 FY27. EBITDA jumped 219.6% YoY to Rs 132.76 crore in Q1 FY27. Profit before tax stood at Rs 78.45 crore in Q1 FY27, up 1,252.6% YoY and down 16.8% QoQ. Total expenditure increased 88.3% YoY and 6% QoQ to Rs 494.12 crore. Raw material consumption surged 353.8% YoY to Rs 333.52 crore, while employee expenses rose 7.7% YoY to Rs 12.06 crore. Finance costs increased 16.5% YoY to Rs 44.03 crore, and depreciation expense rose 19.9% YoY to Rs 24.80 crore. Ethanol remained the company's core business, with total income nearly doubling to Rs 625.97 crore from Rs 314.60 crore a year ago. The Compressed Biogas (CBG) segment reported total income of Rs 11.31 crore, up 11.0% YoY. The Retail Fuel Network business continued to scale up, with total income jumping 132.8% YoY to Rs 4.40 crore. The company said Q1 FY27 marked the first full operational quarter following the completion of its grain integration programme. Installed ethanol capacity increased 43% to 2,000 KLPD from 1,400 KLPD a year ago, with around 1,300 KLPD, or 65% of capacity, now operating on dual-feed technology. The integrated platform enables near year-round ethanol production while improving feedstock flexibility, supply security and profitability. Grain-based operations currently deliver about 6% higher profitability than sugar-based production, while capacity utilisation stood at 60.57%, leaving room for future growth without significant capital expenditure. During the quarter, TruAlt continued expanding its clean energy portfolio. Construction progressed on four compressed biogas (CBG) plants under its joint venture with Sumitomo Corporation, while preparatory work advanced for six additional CBG plants with GAIL (India). The company also progressed its proposed 100 million litres per annum Sustainable Aviation Fuel (SAF) project in Andhra Pradesh, which has received a Rs 150 crore grant under the PM JI-VAN Yojana. It currently operates seven fuel retail outlets and plans to expand the network to 100 outlets, although the rollout has been paced due to volatility in crude oil prices. Managing director Vijay Nirani said the quarter marked an important milestone as the company began realising the benefits of its transition to a dual-feed ethanol platform. He added that the company remains focused on improving capacity utilisation and operational efficiencies while advancing its CBG, SAF and fuel retail businesses to support long-term growth. TruAlt Bioenergy is one of India's largest biofuels companies and operates an integrated bioenergy platform spanning ethanol, compressed biogas, sustainable aviation fuel, fuel retailing and value-added bio-products, supporting the country's clean energy transition. First Published: Jul 29 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Equitas Small Finance Bank Ltd has lost 2.81% over last one month compared to 87.96% fall in BSE Financial Services index and 0.91% rise in the SENSEX Equitas Small Finance Bank Ltd fell 2.77% today to trade at Rs 72.54. The BSE Financial Services index is down 87.81% to quote at 1513.58. The index is down 87.96 % over last one month. Among the other constituents of the index, City Union Bank Ltd decreased 2.48% and Tamilnad Mercantile Bank Ltd lost 2.19% on the day. The BSE Financial Services index went down 88 % over last one year compared to the 4.81% fall in benchmark SENSEX. Equitas Small Finance Bank Ltd has lost 2.81% over last one month compared to 87.96% fall in BSE Financial Services index and 0.91% rise in the SENSEX. On the BSE, 36454 shares were traded in the counter so far compared with average daily volumes of 4.49 lakh shares in the past one month. The stock hit a record high of Rs 83.84 on 15 Jul 2026. The stock hit a 52-week low of Rs 50.05 on 01 Sep 2025. First Published: Jul 29 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Expleo Solutions Ltd has added 15.57% over last one month compared to 13.08% gain in BSE Information Technology index and 0.91% rise in the SENSEX Expleo Solutions Ltd gained 15.34% today to trade at Rs 931.95. The BSE Information Technology index is up 2.07% to quote at 29821.68. The index is up 13.08 % over last one month. Among the other constituents of the index, Tanla Platforms Ltd increased 4.48% and Infosys Ltd added 3.75% on the day. The BSE Information Technology index went down 14.61 % over last one year compared to the 4.81% fall in benchmark SENSEX. Expleo Solutions Ltd has added 15.57% over last one month compared to 13.08% gain in BSE Information Technology index and 0.91% rise in the SENSEX. On the BSE, 10693 shares were traded in the counter so far compared with average daily volumes of 1631 shares in the past one month. The stock hit a record high of Rs 1299.95 on 29 Jul 2025. The stock hit a 52-week low of Rs 644.1 on 30 Mar 2026. First Published: Jul 29 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As AI models become larger, they require thousands of chips to communicate with one another almost instantly. First Published: Jul 29 2026 | 10:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Capital up 6% post Q1; MOFSL backs AUM-led growth, sees 10% upside First Published: Jul 29 2026 | 10:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty IT surges 3%, climbs nearly 10% in a week: What's fueling the rally? First Published: Jul 29 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Manipal Health has raised ?4,167.09 crore from anchor investors on Tuesday ahead of the IPO. First Published: Jul 29 2026 | 9:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's Index of Industrial Production recorded a 7.3 per cent year-on-year growth in June, supported by 7.8 per cent growth in Manufacturing sector and strong growth of 10.6 per cent in Electricity & Gas Supply sector, the National Statistics Office said in a release on Tuesday. The production of Mining & Quarrying rose by 1 per cent, Manufacturing by 7.8 per cent, Electricity & Gas Supply and Water Supply by 10.6 per cent, and Sewerage & Waste Management by 6.1 per cent in June 2026 compared to the year-ago period. Within the manufacturing sector, 19 out of 23 industry groups have recorded positive growth in June 2026 over June 2025. First Published: Jul 29 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The GIFT Nifty July 2026 futures currently traded 238 points higher, suggesting a positive opening for the benchmark index today. Economy: Index of Industrial Production (IIP) expanded by 7.3% year-on-year growth in June 2026 up from 5% in May driven by a strong rebound in manufacturing activity and robust growth in the electricity and gas supply segment. Manufacturing output increased 7.8%, while the Electricity & Gas Supply segment recorded a sharp 10.6% growth during the month. Within manufacturing, 19 of the 23 industry groups recorded. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 755.33 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,664.16 crore in the Indian equity market on 28 July 2026, provisional data showed. The FIIs have sold shares worth Rs 12,661.85 crore so far in July (till 29 July 2026). This follows their cash sales of Rs 49,028.63 crore in June, Rs 55,963.33 crore in May and Rs 70,135.46 crore in April. Global Markets: Asian Markets traded mixed as tensions in the Middle East resurfaced after a brief lull, with the U.S. Central Command stating that American forces successfully intercepted missile attacks launched by Iran. Overnight in the U.S., The Dow Jones Industrial Average advanced 537.24 points, or 1.03%, closing at 52,742.32. The S&P 500 rose 0.21% to settle at 7,428.78, while the Nasdaq Composite fell 0.22% and ended at 24,876.91. Investors are looking ahead to the Federal Reserves interest rate decision and subsequent press conference with Chairman Kevin Warsh on Wednesday afternoon. Domestic Market: Key equity benchmarks ended little changed on Tuesday after a range-bound session,as gains in IT stocks offset weakness in FMCG, chemicals and PSU banks. Easing crude oil prices lent support to sentiment, although investors remained cautious ahead of the U.S. Federal Reserves policy decision. The Nifty ended just below the 24,000 mark. The S&P BSE Sensex declined 69.86 points or 0.09% to 76,765.92. The Nifty 50 index lost 10.60 points or 0.04% to 23,985.35. First Published: Jul 29 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 42.51% to Rs 309.77 crore First Published: Jul 29 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 4.56% to Rs 216.18 crore First Published: Jul 29 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 24.64 crore First Published: Jul 29 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 106.29% to Rs 626.88 crore First Published: Jul 29 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 4.92% to Rs 1641.25 crore First Published: Jul 29 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 15.85% to Rs 195.69 crore First Published: Jul 29 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 27.20% to Rs 103.31 crore First Published: Jul 29 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For collaboration on development of Nickel-Carbon (Ni-C) battery materials and technologies Deccan Gold Mines has entered a Memorandum of Understanding (MoU) with CSIR-Central Electrochemical Research Institute (CSIR-CECRI), Karaikudi, a premier constituent laboratory of the Council of Scientific and Industrial Research (CSIR), Government of India. The MoU establishes a framework for collaboration in scientific research and technology development relating to the extraction of nickel from Nickel-PGE bearing ores and the development of Nickel-Carbon (Ni-C) battery materials and technologies. The proposed areas of cooperation include: The MoU is non-binding in nature and provides the framework for executing project-specific agreements as and when mutually identified opportunities arise. The arrangement is valid for an initial period of two years. First Published: Jul 28 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 28 2026 | 7:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 28 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FPIs were net buyers of around Rs 10,814 crore of FAR securities in July so far, a 74 per cent decline from the record Rs 41,774 crore invested in June. First Published: Jul 28 2026 | 7:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FPIs were net buyers of around Rs 10,814 crore of FAR securities in July so far, a 74 per cent decline from the record Rs 41,774 crore invested in June. First Published: Jul 28 2026 | 7:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 28 2026 | 7:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 28 2026 | 7:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 28 2026 | 6:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Larsen & Toubro (L&T) has reported 14% rise in consolidated net profit to Rs 4,123 crore on a 7% increase in consolidated revenues to Rs 67,942 crore in Q1 FY27 as compared with Q1 FY26. The Infrastructure & Utilities Segment recorded customer revenues of ? 21,858 crore for the quarter ended 30 June 2026, registering a YoY decline of 3%. The subdued performance was largely attributed to execution challenges in the water & effluent treatment business. For the quarter ended 30 June 2026, the customer revenues of the Energy Conventional segment stood at Rs 14,239 crore, reflecting a YoY growth of 14% on improved execution in the hydrocarbon business as well as the carbonlite solutions business. The Energy Green segment recorded customer revenues of Rs 5,607 crore for the quarter ended 30 June 2026, registering a YoY decline of 11%, largely due to supply chain disruptions arising from the West Asia conflict in the solar business. For the quarter ended June 30, 2026, customer revenues of the Manufacturing & Products segment were Rs 4,486 crore, registering a YoY growth of 9%, driven by improved execution progress in precision engineering & systems, construction equipment & mining machinery and rubber processing machinery businesses. The Technology, Platforms & Services segment recorded customer revenues of Rs 14,627 crore for the quarter ended 30 June 2026, registering a YoY growth of 15%, driven by continued engagement across the IT&TS sector. The Financial Services segment recorded income from operations at ? 5,042 crore during the quarter ended 30 June 2026, registering YoY growth of 27%, primarily driven by focused and higher disbursements in the retail business. For the quarter ended June 30, 2026, customer revenues of the realty segment were Rs 1,009 crore, registering a growth of more than 100% on YoY basis, driven by higher handover of residential apartments. Lastly, the Development Projects segment has recorded customer revenues of Rs 1,074 crore during the quarter ended 30 June 2026. International revenues stood at Rs 34,393 crore in Q1 FY27, contributing 51% of the companys total revenues. EBITDA fell by 3% YoY to Rs 6,116 crore while EBITDA margin contracted by 90 basis points YoY to 9.0% in the June'26 quarter. The company secured orders worth Rs 108,014 crore, registering a year-on-year (YoY) growth of 14% for the quarter ended June 30, 2026. During the quarter, significant order wins were achieved across multiple businesses such as residential & commercial buildings, transportation infrastructure, ferrous metals, offshore wind and the heavy engineering businesses. The value of the international orders was Rs 60,702 crore, contributing 56% to the total order inflow in the June'26 quarter. The Groups consolidated order book as on June 30, 2026, was at Rs 778,954 crore, reflecting a 5% growth over March 2026 quarter. International orders constituted 52% of the overall order book. S N Subrahmanyan, chairman and managing director, said: The financial year has commenced against the backdrop of geopolitical uncertainties. The company has managed to maintain momentum by rotating its focus across sectors and geographies while maintaining robust cash flows. The performance for the quarter reflects our portfolio resilience. During the quarter, we successfully concluded the sale of Nabha Power Limited, consistent with our stated strategy of exiting the concessions portfolio. Further, we have signed the share purchase agreement with Hyderabad Metro Rail Limited (HMRL), a Government of Telangana Enterprise, to divest 100% of our stake in Hyderabad Metro SPV. With a well-diversified portfolio spanning sectors and geographies, we remain confident of maintaining growth while capitalising on emerging opportunities." Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, products and services, operating across diverse domains and multiple geographies. The scrip rose 0.75% to end at Rs 3832.75 on the BSE today. First Published: Jul 28 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indias industrial output rose by 7.3 per cent in June compared to 5.1 per cent in the preceding month, mainly on the back of improved manufacturing sector performance and strong growth of the electricity and gas supply sector. This is the third monthly Index of Industrial Production (IIP) data based on the new series. The growth rates of the sectors, Mining & Quarrying, Manufacturing, Electricity & Gas Supply and Water Supply, Sewerage & Waste Management for the month of June 2026 are 1.0 percent, 7.8 percent, 10.6 percent and 6.1 percent respectively. First Published: Jul 28 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Birlasoft has reported 10.6% fall in consolidated net profit to Rs 16.9 crore on a 0.1% decline in revenue from operations to Rs 145.2 crore in Q1 FY27 as compared with Q4 FY26. In dollar terms, the company's revenue was $145.2 million, down 0.1% QoQ. In constant currency terms, however, the revenue has risen by 0.3%. EBIT fell by 13.5% quarter-on-quarter (QoQ) to Rs 21.4 crore while EBIT margin contracted by 230 basis sequentially to 14.7% in the June'26 quarter. Profit before tax in Q1 FY27 stood at Rs 24 crore, up by 0.3% from Rs 23.9 crore in Q4 FY26. Tax outgo for the period under review was Rs 7.1 crore, up 42% QoQ. The company's workforce strength stood at 11,057 as on 30th June 2026 and attrition reduced to 11.7% during Q1 FY27 from 13.0% during Q4 FY26. Angan Guha, chief executive officer and managing director, Birlasoft, said: We have delivered a sequential revenue growth of 2.3% quarter on quarter, reflecting stable performance in the face of a macro-environment that remains challenging. Deal signings during the quarter, at $169 million TCV, are up 20% year-on-year and include several AI-led engagements." Chandrasekar Thyagarajan, chief financial officer, Birlasoft, stated: "Our revenue at Rs 13,794 million was enabled by growth in our BFSI and Lifesciences & Services verticals offsetting some weakness in the other verticals. We also recorded strong collections that enabled us to improve our DSO to 55 days and to deliver yet another quarter of robust cashflow, with cash and cash equivalents rising to Rs 2,878.6 crore by the end of June 2026, up about 9% QoQ and 26% YoY." Birlasoft is a global technology company enabling "next-generation digital transformation through expertise in cloud, AI, data, and enterprise solutions. The scrip added 2.20% to end at Rs 300 on the BSE today. First Published: Jul 28 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 28 2026 | 10:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 11.25 crore shares as against 91.93 lakh shares on offer. The non-institutional investors (NII) category was subscribed 26.65 times, the retail individual investors category was subscribed 8.98 times and the qualified institutional buyers' (QIBs) portion was subscribed 7.13 times. The issue opened for bidding on 23 July 2026 and it closed on 27 July 2026. The price band of the IPO is fixed between Rs 120 and 127 per share. The IPO was entirely a fresh issue of shares worth Rs 170 crore at the upper price band of Rs 127. The fresh issuance comprised 1,33,85,827 shares, with no offer for sale (OFS) component. At the upper end of the price band, the company was valued at Rs 667 crore post listing. The proceeds of Rs 102 crore were earmarked for funding working capital requirements; Rs 20.20 crore was allocated towards repayment of a part of the borrowings; Rs 8.50 crore was designated for capital expenditure, while the remaining amount was allocated for general corporate purposes. Xtranet Technologies is an end-to-end IT solutions provider offering enterprise applications, digital transformation, managed services, system integration, data centre solutions, and proprietary platforms. Its offerings include ERP implementation, application development, cloud and infrastructure management, and digital trust services through its XtraTrust platform. The company generates revenue from fixed-price projects, time-and-material contracts, and recurring service agreements, with a significant contribution from government and PSU clients. It primarily operates in the domestic market, with Maharashtra and Madhya Pradesh being its key revenue-generating states, and has offices across major Indian cities. Ahead of the IPO, Xtranet Technologies, on 22 July 2026, raised Rs 492.11 crore from anchor investors. The board allotted 1.15 crore shares at Rs 425 each to 27 anchor investors. The firm reported a consolidated net profit of Rs 40.73 crore and sales of Rs 365.29 crore for the twelve months ended on 31 March 2026. First Published: Jul 28 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Godfrey Phillips India declined 5.21% to Rs 2,094.15 after the company's consolidated net profit fell 44.3% to Rs 198.39 crore in Q1 FY27 from Rs 356.31 crore in Q1 FY26. Profit before tax (PBT) dropped 43.9% YoY to Rs 251.10 crore during the quarter. EBITDA fell 46.2% YoY to Rs 182 crore, while the EBITDA margin contracted to 3.2% in Q1 FY27 from 8.3% in the year-ago period. The company's domestic cigarette volumes stood at 1,866 million sticks per month during Q1 FY27, compared with 1,903 million sticks per month in Q1 FY26. Sharad Aggarwal chief executive officer, said, The company reported a consolidated gross sales value of Rs 5,676 crore and net profit of Rs 198 crore. Due to the steep tax increase implemented in Q4 of FY26, the profitability has declined by 44% compared to the corresponding period last year. The higher tax burden has not only impacted industry profitability but also contributed to the growth of illicit trade, which remains a significant concern for the legal cigarette industry. In response, we have adopted a balanced pricing strategy to ensure that consumer impact is phased and not in one go, while continuing to invest in brands, innovation, market execution, portfolio enhancement, and operational efficiencies. Despite significant tax-led price increases, I take pride in saying that our domestic cigarette sales volume declined by only 2% during the quarter over corresponding period of last year, reflecting the resilience of our brands and distribution network. During Q1 FY27, our unmanufactured tobacco exports sales was at Rs 248 crore, contributing 7% of net sales revenue. The unmanufactured tobacco exports have also been impacted due to various geopolitical factors. Godfrey Phillips India is engaged in manufacturing of cigarettes and tobacco products and trading of cigarettes, tobacco products and other retail products. First Published: Jul 28 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HUL share price tanks over 5% after Q1 earnings miss; PAT falls Y-o-Y First Published: Jul 28 2026 | 10:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Chemicals falls 3% as Q1 PAT plunges 81%. Buy, sell or hold? First Published: Jul 28 2026 | 10:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 28 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BEL shares fall 4% after Q1 margin miss; should you buy? First Published: Jul 28 2026 | 10:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
R R Kabel surged 6.10% to Rs 2,679.30 after the company reported a strong set of earnings for the quarter ended 30 June 2026. Revenue from operations rose 53.9% YoY and 6.9% QoQ to Rs 3,168.20 crore in the June 2026 quarter. Gross profit increased 56.8% YoY and 6.4% QoQ to Rs 587.20 crore. Gross margin improved to 18.5% in Q1 FY27 from 18.2% in Q1 FY26, but eased from 18.6% in Q4 FY26. EBITDA nearly doubled, rising 99.5% YoY and 8.2% QoQ to Rs 285.30 crore. EBITDA margin expanded to 9.0% from 7.0% in Q1 FY26 and 8.9% in Q4 FY26. Profit before tax stood at Rs 276 crore in Q1 FY27, up 130% YoY and 22% QoQ. Total expenses rose 50.7% YoY to Rs 2,941 crore in Q1 FY27. The increase was primarily driven by higher raw material costs, with cost of materials consumed rising 58.3% YoY to Rs 2,595.30 crore. Employee benefits expense climbed 38.5% YoY to Rs 128.90 crore. Finance costs increased 74.2% YoY to Rs 26.30 crore, while depreciation and amortisation expense rose 46.3% YoY to Rs 29.70 crore. The Wires & Cables business delivered 57% YoY growth, supported by strong volume growth, execution and favourable industry dynamics. Segment profit rose 105% YoY, while segment margin expanded by 232 basis points, aided by an improved product mix, disciplined commodity management and operating efficiencies. The FMEG business recorded strong revenue growth, driven by demand for premium and new products and continued distribution expansion. The segment achieved operational breakeven during the quarter, with profitability improving significantly on a year-on-year basis due to premiumisation and operating leverage. The Wires & Cables business remained the company's primary revenue driver, contributing 91% of Q1 FY27 revenue, while the FMEG segment accounted for the remaining 9%. Mahendrakumar Kabra, managing director, said the company began FY27 with another quarter of record performance, reflecting the strength of its business model and disciplined execution. He said the Wires & Cables business continued to benefit from strong demand while maintaining healthy profitability, and highlighted the operational breakeven achieved in the FMEG business as an important milestone. Kabra added that the company remains focused on expanding its cables portfolio, strengthening distribution, improving execution and driving long-term profitable growth. R R Kabel is Indias largest exporter of wires and cables, offering a wide range of electrical products including wires & cables, fans, lighting, electrical accessories, and appliances for residential, commercial, industrial, and infrastructural purposes. First Published: Jul 28 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee extended its upward momentum in opening trades on Tuesday to around two and half week highs, driven by lower crude oil prices amid easing geopolitical tensions. Slightly weak US dollar index and positive opening to domestic equity market further kept the Indian currency supported. At the interbank foreign exchange, the rupee opened at 95.75 and gained further to trade at 95.63 against the greenback, up 35 paise from its previous closing level of 95.99. Sensex and Nifty turned positive, snapping a five-session losing streak driven by falling crude oil prices, easing US-Iran tensions, and broad-based buying. The BSE Sensex gained 145.31 points (0.19%) to reach 76,981.09, while the NSE Nifty 50 rose 23.95 points (0.10%) to trade at 24,019.90. First Published: Jul 28 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aurionpro Solutions declined 7.67% to Rs 770.10 after the company reported 10.62% decrease in consolidated net profit to Rs 45.86 crore on a 6.31% rise in revenue to Rs 358.07 crore in Q1 FY27 as compared with Q1 FY26. While EBITDA declined 9.08% YoY to Rs 61 crore, EBITDA margin declined by 300 basis points YoY to 17.2% in the June 2026 quarter. Profit before tax in Q1 FY27 stood at Rs 52.32 crore, down 13.79% from Rs 60.69 crore in Q1 FY26. Ashish Rai, Group CEO of Aurionpro Solutions, said, Q1 was a quarter of disciplined execution amid good deal closures and accelerating project revenue conversion. Revenue conversion improved from Q4, and sequential growth was stronger than typically seen in Q1 in recent years, but conversion remains modestly below our normal trajectory. This reflects transient factors: seasonality, raising input costs due to supply chain disruptions, timing shifts in a few projects, and geopolitical disruption in MEA. We expect these effects to normalise over the next one to two quarters. Importantly, we enter the year with a strong order book across Banking and TIG and improving execution momentum. Demand across our businesses remains robust. We secured a significant Transaction Banking mandate from a leading Indian bank and added strategic wins across Transit as well Data Centre solutions. Transaction Banking continues to see substantial opportunities in South Asia and MEA, with pipeline traction building from our expansion into Southeast Asia and Europe. Enterprise AI offerings from Arya.ai are seeing strong demand across banking and insurance as customers move towards deployment. Transit is becoming increasingly global, supported by a materially expanded pipeline. As Data Centre delivery capacity comes online and execution scales, we expect growth to move above its recent 4050% trajectory into a higher band. The momentum across the transit and data center segments remains robust, reinforcing their positions as high growth businesses. We are entering a platform shift in banking software. As AI diffuses across business processes, software will evolve from systems that record and automate to systems that reason, learn and act, with deep domain and operational context. This gives Aurionpro an opportunity to reimagine software that services missioncritical workflows and allow us to deepen wallet share and expand market share. We are completing key build-outs across our AI-native banking stack; as they mature, we will redeploy capacity towards customer implementations, accelerating revenue conversion through the year. We will invest with conviction while calibrating R&D to sustain healthy margins. The true test of an enterprise is not whether conditions remain predictable, but whether it can adapt when they do not and keep advancing its mission. The last couple of quarters and the geopolitical disruptions tested us; our teams responded splendidly by broadening demand generation towards the US, Southeast Asia and Europe while executing with focus. With a strong order book, healthy pipeline and improving project momentum, we expect growth to build through the year and accelerate meaningfully in the second half. Our long-term trajectory remains firmly intact, and our conviction in the opportunity ahead has never been stronger. Aurionpro Solutions is a global enterprise technology leader pioneering intuitive tech through deep-tech IPs and scalable products. With a strong presence across banking, payments, mobility, insurance, transit, data centers, and government sectors, Aurionpro is setting new benchmarks for AI innovation and impact. First Published: Jul 28 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 9:21 am, the Sensex was up 141.32 points, or 0.18 per cent, at 76,977.10 First Published: Jul 28 2026 | 9:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee appreciated sharply by 54 paise to close at 95.99 against the US dollar on Monday, after rising 20 paise in the preceding session on Friday The rupee extended its upward momentum, rising 35 paise to 95.64 against the US dollar in early trade on Tuesday, driven by lower crude oil prices amid easing geopolitical tensions. Forex traders said a weak US dollar index and positive equity market sentiment further boosted the Indian currency. At the interbank foreign exchange, the rupee opened at 95.75 and gained further to trade at 95.64 against the greenback, up 35 paise from its previous closing level. The rupee appreciated sharply by 54 paise to close at 95.99 against the US dollar on Monday, after rising 20 paise in the preceding session on Friday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading down 0.06 per cent at 101.31. Brent crude, the global oil benchmark, was trading 1.43 per cent lower at $87.10 per barrel in futures trade. Analysts said oil prices eased as the US and Iran refrained from attacking each other's targets for the third consecutive day and mediators achieved progress in getting both sides back to negotiations. US President Donald Trump said Iran had asked for more discussions, reaching out directly "because we've been hitting them very hard." Iran has said there are no direct talks underway. On the domestic equity market front, Sensex rose 14.66 points, or 0.02 per cent, to 76,850.44, while the Nifty was up 27.10 points, or 0.11 per cent, to 24,023.45. Foreign Institutional Investors offloaded equities worth ?1,688.23 crore on a net basis on Monday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 28 2026 | 9:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Meghna Infracon Infrastructure has received the Occupation Certificate (OC) for Riviera, its premium redevelopment project in Goregaon West, Mumbai. The company secured the OC of the project in just 16 months from the receipt of the First Commencement Certificate (CC) and has commenced handing over homes to residents. Spread across approximately 40,000 sq. ft., Riviera comprises a Ground + 9-storey residential building. With the project's completion, more than 35 families have taken possession of their new marking Infrastructure Limited. First Published: Jul 28 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Finance Q1 preview: PAT may rise 26%, NII 22% on healthy AUM growth First Published: Jul 28 2026 | 9:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian markets fell on Tuesday led by chipmakers on unease about the massive funding demands of the AI boom, while a slide in oil prices did relatively little to lift bonds and left traders nervous about US rate hikes, maybe as soon as this week. South Korea's KOSPI dived more than 8 per cent to a three-month low, triggering a circuit breaker, and Japan's Nikkei slid 4 per cent, following ?a 2.2 per cent drop for the Philadelphia Semiconductor index. Nvidia shares shed 5 per cent overnight after the Wall Street Journal reported the company is in talks to provide roughly $250 billion in financing guarantees for OpenAI as part of a massive data centre project. And the stellar 466 per cent debut-day surge in CXMT Corp shares in Shanghai highlighted growing investor enthusiasm for China's semiconductor sector and the rising competitive threat from Chinese rivals. "There is clearly a growing sense of optimism within mainland markets about China's ability to build a globally competitive AI ecosystem," said Chris Weston, head of research at Pepperstone. China has also begun manufacturing domestically developed immersion deep ultraviolet lithography machines, a chipmaking tool long dominated by Dutch supplier ASML, The Information reported on Monday, sending ASML shares down 8.5 per cent. South Korea's SK Hynix fell nearly 11 per cent and Samsung Electronics shares ?shed more than 9 per cent, while in Tokyo some of the heaviest losers were Kioxia, down 18 per cent, and Tokyo Electron, down 9.8 per cent. Chinese stocks also beat a retreat, with CXMT down 7 per cent in early trade and chipmaking indexes lower. Brent crude futures extended Monday's nearly 9 per cent plunge, falling to $87.55 a barrel, as a lull in hostilities between the US and Iran followed Washington's abrupt suspension of air strikes on Saturday. President Donald Trump said on Monday the United States was having "good talks" with Iran and there was a chance of a deal. The break in fighting pushed down benchmark 10-year US Treasury yields by about four basis points to 4.64 per cent, but hardly budged shorter-term rates. Traders have priced about a 38 per cent chance that the ?Federal Reserve hikes by 25 basis points on Wednesday. "The US-Iran War, by propelling the price of crude oil, remains the most important determinant of what will happen to the global economy in the next few months, and, by extension, what informs ?central bank policy outlooks, at the margin," said Thierry Wizman, currency and rates strategist at Macquarie Group. "We expect that the (Fed) this ?week will wish to adopt a tightening bias." Expectations for hikes sooner or later kept the dollar supported, holding the euro below $1.14 at $1.1370 and the Australian dollar just below 70 cents. The yen traded at 163.78 to the dollar, barely above ?a four-decade low, with markets on edge about Japan intervening in the currency pair - particularly if the Bank of Japan leaves rates on hold this week and sets off another yen slide. "If BoJ communication is not hawkish enough and USD/JPY ?heads higher, traders should anticipate an official response, including verbal intervention, rate checks, or even direct FX market intervention, perhaps on Friday," said Wizman. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 28 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 49.22% to Rs 5527.70 crore First Published: Jul 28 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 5.35% to Rs 775.07 crore First Published: Jul 28 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 6.31% to Rs 358.07 crore First Published: Jul 28 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 14.30% to Rs 628.51 crore First Published: Jul 28 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 4.64% to Rs 8431.10 crore First Published: Jul 28 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock ideas First Published: Jul 28 2026 | 8:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock ideas for today First Published: Jul 28 2026 | 8:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US West Texas Intermediate crude was at $81.95 a barrel, down $0.66, or 0.8%. | Illustration: Ajaya Mohanty (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 28 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zaggle Prepaid Ocean Services is a leading spend management company with a differentiated value proposition and diversified user base. The company operates in the business-to-business-to-customer (B2B2C) segment and is one of the largest issuers of prepaid cards in India through partnerships with leading banks. It also offers a diversified portfolio of software-as-a-service (SaaS) products, including tax and payroll software. The company's consolidated net profit surged 30.42% to Rs 40.60 crore on a 49.94% increase in revenue from operations to Rs 671.91 crore in Q4 FY26 as compared with Q4 FY25. Shares of Zaggle Prepaid Ocean Services rose 1.62% to close at Rs 203.45 on the BSE. First Published: Jul 28 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to Watch today: BEL, Coal India, HDFC Bank, BoB, Tata Power, IndiGo First Published: Jul 28 2026 | 8:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
auto sector First Published: Jul 28 2026 | 7:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: the Nifty50 and the Sensex are expected to open slightly lower, tracking negative global cues. First Published: Jul 28 2026 | 7:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India medal winners on Day 4 (July 27) at Commonwealth Games 2026 First Published: Jul 28 2026 | 7:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 28 2026 | 12:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ethanol E20 fuel The government on Monday said it has not assessed the proportion of vehicles in the country that are fully compatible with E20 petrol, but maintained that extensive studies and field trials have found the fuel to be safe for use under prescribed standards. In a written reply to a question in the Rajya Sabha, Minister of State for Petroleum and Natural Gas Suresh Gopi said, "Ministry of Heavy Industries (MHI) have informed that no such assessment has been done by them" of the percentage of vehicles currently compatible with E20 fuel (petrol doped with 20 per cent ethanol). The minister said the Ethanol Blended Petrol (EBP) programme had been implemented through a phased and scientifically validated process involving NITI Aayog, automobile manufacturers, oil marketing companies, the Automotive Research Association of India (ARAI), the Society of Indian Automobile Manufacturers (SIAM), the Indian Institute of Petroleum (IIP) and other technical institutions. He said laboratory studies and field trials covering engine durability, drivability, startability, corrosion resistance, material compatibility, emissions and fuel efficiency had confirmed that E20 was safe for use. "These studies also established that legacy vehicles do not exhibit any significant variation in performance or abnormal wear and tear due to E20," he said. The rollout of E20 petrol (80 per cent petrol, 20 per cent ethanol) has drawn criticism from opposition parties and some consumer groups, who have raised concerns about its impact on older vehicles not specifically designed for 20 per cent ethanol blends. Critics have questioned whether all vehicles are fully compatible with E20, flagged the possibility of reduced fuel efficiency and higher maintenance costs, and sought clarity on liability if engine or fuel-system problems arise. The government has maintained that the transition has been phased and backed by extensive testing, while automobile manufacturers have said they continue to honour warranty claims for vehicles using E20 fuel. Opposition parties have repeatedly sough greater transparency on vehicle compatibility and consumer safeguards. Gopi said E15+ blended petrol (petrol containing 15 per cent ethanol) has been in widespread use for more than three-and-a-half years and E19-E20 fuel for more than two-and-a-half years, with over 20 crore two-wheelers and more than 3 crore petrol cars operating on these blends. There is no "verified evidence of widespread engine failure or vehicle breakdown attributable to ethanol blending," he said, adding that manufacturers continue to honour warranty obligations for vehicles using E20 fuel. On fuel economy, the government said mileage depends on several factors, including driving conditions, driving habits and vehicle maintenance. It said any reduction in fuel economy in some vehicles originally designed for E10 petrol is generally limited to about 3-5 per cent, while E20 offers higher octane, better anti-knock characteristics, cleaner combustion and smoother engine performance. Gopi added that E20 provides better acceleration, improved ride quality and about 30 per cent lower carbon emissions than E10 fuel, while higher ethanol blends result in cleaner combustion and near-zero particulate matter emissions. Citing industry data, the government said a leading automobile manufacturer serviced 2.84 crore vehicles during 2025-26, including about 1.5 crore vehicles not originally certified as E20-compatible, without reporting E20-linked corrosion, abnormal wear or reduced component life. Another manufacturer tracked 1.4 crore vehicles operating on E20 over an extended period and found no evidence of ethanol-induced corrosion, it said. Gopi said the ethanol production capacity created in the country has been planned not only to meet the current requirement of E20 blending but also to cater to future growth in petrol demand, provide operational flexibility during seasonal variations in feedstock availability and support higher ethanol blends, flex-fuel vehicles and other emerging biofuel applications, as and when approved by the Government. "The Government follows a diversified feedstock strategy under the National Policy on Biofuels. Ethanol is produced from multiple approved feedstocks, including sugarcane-based feedstocks, maize, damaged foodgrains, broken rice, foodgrains unfit for human consumption, surplus foodgrains approved by the National Biofuel Coordination Committee (NBCC) and other approved agricultural feedstocks," he said. "The diversion of foodgrains for ethanol production is carefully calibrated in consultation with the Department of Food & Public Distribution and other concerned Ministries." Food security, Public Distribution System (PDS) requirements, National Food Security Act (NFSA) obligations, Other Welfare Schemes (OWS) and prescribed buffer stocks are accorded the highest priority. "Only surplus foodgrains, after meeting these requirements, are permitted for ethanol production," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 27 2026 | 11:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty July 2026 futures currently traded 112 points lower, suggesting a green opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 3,892.77 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 5,453.55 crore in the Indian equity market on 24 July 2026, provisional data showed. The FIIs have sold shares worth Rs 11,728.95 crore so far in July (till 24 July 2026). This follows their cash sales of Rs 49,028.63 crore in June, Rs 55,963.33 crore in May and Rs 70,135.46 crore in April. Global Market: Asian markets advanced on Monday as the fighting between the U.S. and Iran paused over the weekend. Cooling of tensions in the Middle East sent international benchmark Brent crude futures for September delivery down 4.88% to around $92 a barrel. U.S. West Texas Intermediate crude futures dropped over 5% to $84.84 a barrel. Tensions elsewhere mounted after Ukraine struck an Iranian commercial vessel in the Caspian Sea, which prompted Tehran to accuse Kyiv of a "hostile and criminal act. Last week on Wall Street, the S&P 500 ended near flat on Friday, weighed down by chip stocks, as investors assessed the latest developments regarding the Middle East conflict. The broad market index added just 0.05% and closed at 7,411.98 while the Nasdaq Composite dropped 0.64% to end at 24,975.82.The Dow Jones Industrial Average gained 235.60 points, or 0.46%, to settle at 51,947.25. The focus now remains on upcoming megacap earnings and the US Federal Reserve meeting scheduled for this week. Domestic Market: Key benchmark indices recovered from their intraday lows on Friday as Brent crude retreated below the $100-a-barrel mark after briefly crossing the milestone earlier in the session. The Nifty rebounded from an intraday low of 23,606.30, aided by value buying after recent market declines, a recovery in the rupee and gains in banking stocks. However, the relief rally was not enough to reverse losses, with the Sensex and Nifty ending lower for a fifth consecutive session. The Nifty settled below the 23,800 mark as lingering concerns over elevated crude prices, escalating Middle East tensions and sustained foreign fund outflows continued to weigh on investor sentiment. Auto, metal and oil & gas stocks led the decline. The S&P BSE Sensex slipped 331.62 points or 0.43% to 76,059.77. The Nifty 50 index fell 102.15 points or 0.43% to 23,767.45. Over five consecutive sessions, the Sensex has lost 2.67%, while the Nifty has slipped 2.32%. First Published: Jul 27 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HUL Q1 preview: PAT may rise by 10%; volume growth to aid topline First Published: Jul 27 2026 | 9:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To supply 147,000 units of 155mm base bleed artillery shell bodies Sigma Advanced System has secured a USD 104.9 million (roughly Rs 1,013 crore) export order from a North American customer for the manufacture and supply of 147,000 units of 155mm base bleed artillery shell bodies which are in massive demand worldwide. The order will be executed in the next 6 to 12 months. As Sigma continues to invest in R&D and further advance its technological capabilities, it is adapting to the latest global requirements. Having previously secured contracts for 155mm fuzes and M107 artillery shell bodies, the company is now manufacturing more technologically advanced blase bleed shells that integrate aerodynamics, energetics, propulsion-related technologies, and systems engineering into the projectile. The progression reflects Sigma's deliberate strategy to move up the value chain in artillery ammunition, building the engineering capability and programme credentials expected by global customers from their long-term strategic suppliers. The programme involves manufacturing of precision-engineered artillery projectile casings designed for integration into extended-range ammunition systems. Unlike conventional artillery shells, which experience aerodynamic drag and turbulence at the base of the projectile during flight, base bleed shells incorporate a gas-generating unit at the rear that reduces this drag, significantly extending the effective range of the system while maintaining full compatibility with existing 155mm artillery platforms in service worldwide. First Published: Jul 27 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 63.85% to Rs 47.19 crore First Published: Jul 27 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 23.10% to Rs 31.65 crore First Published: Jul 27 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 32.51% to Rs 4566.71 crore First Published: Jul 27 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 10.48% to Rs 141.64 crore First Published: Jul 27 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 7.18% to Rs 301.37 crore First Published: Jul 27 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 5.38% to Rs 828.98 crore First Published: Jul 27 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 152.27% to Rs 4.44 crore First Published: Jul 27 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Jul 27 2026 | 8:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
43% GCC share, 73% green leasing: What's powering India's office real estate boom First Published: Jul 27 2026 | 8:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Waaree Renewable Technologies has secured two letters of award from one of India's leading renewable energy companies for the execution of Engineering, Procurement and Construction (EPC) works for two ground-mounted Solar PV projects. The first project is a 400 MWac / 530 MWp plant, while the second is a 400 MWac / 552 MWp plant. Together, the orders aggregate 800 MWac / 1,082 MWp. According to the company, the projects are scheduled to be completed during FY2027-28, in line with the terms of the contracts. The orders have been awarded by a domestic entity and are commercial in nature. Waaree Renewable Technologies clarified that neither the promoter group nor group companies have any interest in the awarding entity, and the contracts do not fall under related-party transactions. The order win strengthens Waaree Renewable Technologies EPC order book and reinforces its position in Indias utility-scale solar infrastructure segment. Waaree Renewable Technologies Limited (WRTL) is a subsidiary company of Waaree Group and spearheading the Solar EPC business. We are also a solar developer that finances, constructs, owns and operates solar projects. Headquartered in Mumbai, we operate across geographies, focusing on longterm investments within the commercial and industrial customer segments. The company reported a 25.58% decline in consolidated net profit to Rs 115.90 crore for the quarter ended 30 June 2026, compared with Rs 155.74 crore in Q4 FY26. Revenue from operations declined 16.16% QoQ to Rs 924.25 crore in the quarter ended 30 June 2026. On a year-on-year basis, however, the company posted strong growth, with net profit rising 34.08% and revenue increasing 53.22%. Shares of Waaree Renewable Technologies fell 1.17% to Rs 933.80 on the BSE. First Published: Jul 27 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to Watch today: BEL, IDFC First Bank, BoB, Coal India, AU SFB, SAIL First Published: Jul 27 2026 | 8:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 27 2026 | 8:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy: Titan among top stock ideas for solid returns in short term First Published: Jul 27 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A cautious approach remains prudent until the index decisively surpasses the key resistance zone. First Published: Jul 27 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Three-and-a-half decades after liberalisation, India's economy is larger, more open and more connected, transforming businesses, markets and everyday life. First Published: Jul 27 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices tumbled 5 per cent on Monday after the US and Iran paused strikes over the weekend after two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the ?Strait of Hormuz. Brent crude futures fell $4.89, or 5.05 per cent, to $91.89 by 0009 GMT after briefly slipping under the key support level of $90 earlier in the session. US West Texas Intermediate crude was at $84.64 a barrel, down $4.67, or 5.23 per cent. Both contracts are trading at their lowest levels in nearly a week after rising for the past three weeks. Brent had reached $100 per barrel as the conflict, which reduced oil shipments via the Strait of Hormuz, spilled over to the Red Sea, hindering exports from the world's top exporter, Saudi Arabia, via ?the Bab el-Mandeb strait to Asia. The US ambassador to the United Nations, Mike Waltz, told "Fox News Sunday" and other US media that President Donald Trump had decided to pause US attacks to allow more time for diplomacy. "Hopes are rising that a genuine diplomatic path may be opening," IG markets analyst Tony Sycamore said in a note. "A return to the 14-point MOU (memorandum of understanding) with a little more clarity around control of the Strait of Hormuz would be a solid starting point." Despite ?the pause in attacks, fewer than 10 commodity vessels passed through the Strait of Hormuz daily during the weekend, shipping data from Kpler showed. In addition, ?ship traffic through the Bab el-Mandeb strait fell on Sunday after Yemeni Houthis attacked ?Saudi oil installations along the Red Sea coast, although a third Chinese supertanker exited via the Bab el-Mandeb strait. "Any rebound in flows through the Strait ?of Hormuz is likely to prove slow and partial, as many shippers remain wary and will want greater confidence in their safety before they bring more empty ?ships into the Strait," MST Marquee analyst Saul Kavonic said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 27 2026 | 7:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IDFC First Bank has reported 132.4% increase in net profit to Rs 1,075 crore on a 23.36% rise in operating income to Rs 8,282 crore in Q1 FY27 as compared with Q1 FY26. Net interest income (NII) grew by 21.1% on YoY basis to Rs 5,972 crore in Q1 FY27 as against Rs 4,933 crore in Q1 FY26. Net interest margin (NIM) stood at 5.96% as on 30 June 2026, up 25 basis points YoY. Pre-provisioning operating profit (PPOP) for Q1 FY27 rose 14% to Rs 2,553 crore from Rs 2,239 crore in Q1 FY26. Provisions declined by 31.1% YoY to Rs 1,144 crore in the June 2026 quarter. Provision Coverage Ratio stood at 71.48% as on 30 June 2026. Profit before tax in Q1 FY27 stood at Rs 1,409 crore, up by 142.8% from Rs 580 crore in Q1 FY26. Gross NPA as on 30 June 2026 was 1.51% as against 1.97% as on 30 June 2025. Net NPA was at 0.44% as on 30 June 2026 as compared with 0.55% as on 30 June 2025. Total customer business of the bank increased to Rs 6,04,776 crore as of 30 June 2026, from Rs 5,10,031 crore as of 30 June 2025, which is a growth of 18.6% on YoY basis. As of 30 June 2026, loans and advances aggregated to Rs 3,05,370 crore (up 20.6% YoY) and customer deposits added up to Rs 2,99,405 crore (up 16.6% YoY). The capital adequacy ratio for Q1 FY27 was at 15.05% with CET-I ratio of 13.33% as on 30 June 2026. V Vaidyanathan, MD and CEO said, At the core, we are building a high-quality banking institution with high governance standards. We are seeing strong business momentum. We are happy to share that our asset quality continues to improve with gross NPA of 1.51% and net NPA of 0.44%. Our provisions as a % of loans continues to come down. Finally, we believe the benefits of investments we have been making in building the bank have started playing out in operating leverage improving our PAT to Rs. 1,075 crore in Q1FY27. ROA crossed 1%." IDFC FIRST Bank is one of Indias fast-growing private banks. The bank has presence in over 60,000 cities, towns, and villages, operate through 1,155 branches. The scrip had advanced 1.21% to end at Rs 80.83 on the BSE on Friday. First Published: Jul 25 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cyient has reported 90% increase in consolidated net profit to Rs 104.1 crore on a 7.7% rise in operating revenue to Rs 2,075.7 crore in Q1 FY27 as compared with Q4 FY26. EBIT improved by 9.5% quarter-on-quarter (QoQ) to Rs 201.2 crore while EBIT margin expanded by 20 basis points QoQ to in June 2026 quarter. Profit before tax in Q1 FY27 stood at Rs 171.1 crore, up by 80.1% from Rs 95 crore in Q4 FY26. Krishna Bodanapu, executive vice chairman and managing director, Cyient, said: "Q1 FY27 marks a strong start to the year for Cyient Group, reinforcing the underlying strength of our business and the tangible results of the investments we have made over the last few quarters. Cyient Semiconductors delivered a strong quarter, achieving its fifth consecutive quarter of organic growth in the core business, while successfully advancing the integration of Kinetic Technologies. The quarter also marked the completion of a fundraise with EAAA India Alternatives Ltd (Edelweiss) at a post-money valuation of $500 million, a strong vote of confidence in our strategy and a foundation to invest in growth, scale our platform, and capitalize on a rapidly expanding pipeline. Cyient DLM also had a strong start to the year, the highest-ever order book, healthy revenue growth, and sustained double-digit EBITDA margins, reinforcing our confidence in delivering long-term value to all our stakeholders. Cyient DET delivered steady performance during the quarter, with good growth in key segments such as Transportation and Connectivity, healthy order intake backed by a strong pipeline, and continued investments in strengthening our AI capabilities to drive scalable, domain-led growth. During the quarter, we also successfully completed our share buyback program through the tender offer route, with the promoter group, directors, and key managerial personnel choosing not to participate reinforcing their continued confidence in the long-term value of the company." Cyient is a global lifecycle engineering company powering mission-critical industries from design to aftermarket across products, plants, and networks. The scrip had advanced 1.12% to end at Rs 840 on the BSE on Friday. First Published: Jul 25 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lodha Developers reported 103.36% surge in consolidated net profit to Rs 1,372.1 crore in Q1 FY27, compared with Rs 674.7 crore in Q1 FY26. Profit before tax (PBT) surged 96.56% to Rs 1,775.9 crore during the quarter from Rs 903.5 crore reported in Q1 FY26. Operationally, the company recorded pre-sales of Rs 4,629 crore in the June quarter, while collections grew 46% YoY to Rs 4,205 crore, supported by healthy customer demand and improved cash inflows. Lodha Developers continued to strengthen its balance sheet during the quarter, with net debt declining by Rs 446 crore to Rs 4,931 crore, driven by robust operating cash flows. The company's overall net debt-to-equity ratio stood at 0.2x as of 30 June FY27, comfortably below its internal ceiling of 0.5x, highlighting its disciplined financial management and healthy leverage profile. Abhishek Lodha, managing director said, We are pleased to deliver our best-ever quarterly profit in Q1FY27, continuing the strong momentum built through FY26. It is heartening to note that profits for the quarter more than doubled on a YoY basis to Rs 1,373 crore. Our revenue grew 43% to Rs 4,997 crore. Our growth, coupled with rising profitability and ROEs along-side low leverage, sets Lodha apart. On the back of strong structural housing demand and accelerating consolidation in favor of tier-1 brands like Lodha, Company is confident of growing its profit at 20% CAGR over the long term. Our market share in the target segment is at 3.5% and thereby a long runway to grow over medium to long term. We are also very pleased to welcome another leading global data center operator Digital Edge India, JV between Digital Edge (Singapore) and National Investment and Infrastructure Fund (NIIF) - to our Green Data Center Park at Navi Mumbai (Palava) having sold land at a price over Rs 42 core per acre during the quarter. Our journey to grow annuity business continues to gain momentum - we expect to grow our annuity income by over 10x in the next six years to over Rs 3,000 crore p.a. led by data centers with 1GW capacity, warehousing & industrial parks and high-street retail. Lodha Developers (formerly known as Macrotech Developers) is primarily engaged in the business of real estate development. The counter shed 0.19% to settle at Rs 1,144.40 on the BSE. First Published: Jul 25 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bank of Baroda reported a 71.85% decline in standalone net profit to Rs 1,278.39 crore in the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 4,541.36 crore inQ1 FY26, after absorbing the impact of a one-off exceptional item. Total income increased 2.56% year-on-year (YoY) to Rs 36,681.09 crore in Q1 FY27 from Rs 35,764.91 crore in Q1 FY26. Operating profit before provisions and contingencies slipped 1.33% to Rs 8,127.25 crore in Q1 FY27 from Rs 8,236.47 crore a year earlier. Net Interest Income (NII) rose 9.5% YoY to Rs 12,524 crore during the quarter. The bank's global net interest margin (NIM) stood at 2.77%, while domestic NIM was 2.93% in Q1 FY27. The bank's global business grew 15.4% YoY to Rs 30.50 lakh crore as of 30 June 2026. Global advances increased 17.4% YoY to Rs 14.17 lakh crore, while domestic advances rose 16.1% YoY to Rs 11.51 lakh crore. Global deposits climbed 13.8% YoY to Rs 16.34 lakh crore, while domestic deposits increased 14.7% YoY to Rs 13.82 lakh crore. Organic retail advances registered an 18.4% YoY growth, led by robust performance across key segments. Auto loans grew 25.3%, mortgage loans rose 27.4%, home loans increased 14.7%, and education loans advanced 10.8%. On the asset quality front, the bank's gross non-performing asset (NPA) ratio improved to 1.99% as of June 2026 from 2.28% a year ago. Net NPA ratio declined by 10 basis points YoY to 0.50%. The bank's capital adequacy ratio (CRAR) stood at 16.30% at the end of June 2026. Tier-I capital ratio was 14.41%, comprising CET-1 of 13.90% and AT1 of 0.51%, while Tier-II capital stood at 1.89%. Meanwhile, the bank has received an intimation from its subsidiary, IndiaFirst Life Insurance Company (IFLIC), regarding the proposed transfer of a 25.96% stake held by Caramel Point Investments India to BNP Paribas Cardif through a share purchase agreement executed on 24 July 2026. The transaction is subject to the necessary regulatory approvals. The bank's board has also approved an enhancement in resource-raising limits for its overseas operations. It retained the Medium Term Note (MTN) programme size at USD 4 billion while introducing a new sub-limit of USD 1 billion for the issuance of Green and ESG Bonds, including through IFSC Banking Units (IFSCBU). Further, the board increased the borrowing limit under various overseas loan facilitiesincluding syndicated loans, bilateral loans, club deals, and similar arrangementsfrom $5 billion to $10 billion. Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services, and treasury services. The counter advanced 1.48% to end at Rs 246.60 on the BSE. First Published: Jul 25 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BS Marketing Initiative First Published: Jul 25 2026 | 2:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
AU Small Finance Bank (SFB) reported 37.03% jump in standalone net profit to Rs 795.95 crore in Q1 FY27 compared with Rs 580.85 crore in Q1 FY26. Operating profit before provisions and contingencies increased 9.39% YoY to Rs 1,435.47 crore in Q1 FY27 from Rs 1,312.21 crore posted in Q1 FY26. Net interest income (NII) grew 32% YoY to Rs 2,695 crore, while the net interest margin (NIM) expanded by 47 basis points to 5.9%. Total deposits increased 24% YoY to Rs 1,57,727 crore as of 30 June 2026. Current account deposits rose 34% YoY to Rs 8,498 crore, while savings account deposits grew 19% YoY to Rs 36,902 crore. Consequently, CASA deposits advanced 22% YoY to Rs 45,399 crore, with the CASA ratio standing at 29%. The bank's gross loan portfolio (GLP) expanded 23% YoY to Rs 1,44,250 crore in Q1 FY27. Asset quality improved during the quarter, with the gross non-performing asset (GNPA) ratio declining to 2.10% as of 30 June 2026 from 2.47% a year earlier. The net NPA ratio also improved to 0.76% from 0.88%. Slippages fell 22% YoY to Rs 798 crore in Q1 FY27 from Rs 1,027 crore in Q1 FY26. The provision coverage ratio, including technical write-offs, remained stable at 85%. The bank's capital position remained healthy, with the capital adequacy ratio at 18.9% and the Tier I capital adequacy ratio at 17.1% as of 30 June 2026. During Q1, Bank successfully rolled out agentic AI-enabled gold loan origination platform in a controlled environment. A mobile-native version is now live and will start extending this to branches in a calibrated manner Meanwhile, the bank's board has approved the elevation of Yogesh Jain, currently serving as the chief operating officer (COO), to the position of deputy chief executive officer (Deputy CEO) with effect from 25 July 2026. He will continue to report to the managing director & CEO and will remain part of the bank's senior management personnel (SMP). AU Small Finance Bank is engaged in providing a range of banking and financial services, including retail banking, wholesale banking, treasury operations, and other services. The scrip added 2.66% to settle at Rs 1002.25 on the BSE. First Published: Jul 25 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 82.97% to Rs 16.12 crore First Published: Jul 25 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 15.38% to Rs 1.05 crore First Published: Jul 25 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 0.29% to Rs 10.43 crore First Published: Jul 25 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 12.02% to Rs 15.96 crore First Published: Jul 25 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
S&S Power Switchgear announced that its subsidiary, S&S Power Switchgear Equipment (SSPSE), has secured a purchase order worth more than Rs 8 crore from Siemens Energy India for the supply of isolators for the KCC Wagdari package in Maharashtra. The company clarified that the contract does not constitute a related-party transaction and that neither the company's promoters nor members of the promoter group have any interest in the award of the order. S&S Power Switchgear operates in the transmission and distribution equipment segment, offering power sector-focused switchgear, protection and control (P&C) solutions, and related electrical systems, products and services. For Q4 FY26, the company reported a consolidated net profit of Rs 1.90 crore compared with a net loss of Rs 0.17 crore in the corresponding quarter of the previous year. Revenue from operations rose 17.2% year-on-year to Rs 65.07 crore. The counter dropped 4.94% to Rs 307.05 on the BSE. First Published: Jul 24 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SBI Life Insurance Company reported a 22% increase in standalone net profit to Rs 724.93 crore in Q1 FY27, compared with Rs 594.37 crore in the corresponding quarter of the previous year. The companys gross written premium (GWP) increased 20% to Rs 21,290 crore, driven by a 23% growth in new business premium and 17% rise in renewal premium. Individual new business premium grew 14% YoY to Rs 5,610 crore, while Annualised Premium Equivalent (APE) increased 36% to Rs 5,380 crore during the quarter. Value of New Business (VoNB) improved 29% YoY to Rs 1,410 crore, while the new business margin stood at 26.2% compared with 27.4% a year ago. SBI Lifes Indian Embedded Value (IEV) increased 15% to Rs 85,290 crore. Assets Under Management (AuM) rose 10% YoY to Rs 5,24,850 crore, while net worth increased 13% to Rs 20,110 crore as of 30 June 2026. The insurer maintained a strong solvency ratio of 1.96 as of 30 June 2026, well above the regulatory requirement of 1.50. The company retained its leadership position in individual rated premium with Rs 3,970 crore and held a 22.2% private market share in Q1 FY27. SBI Life continued to strengthen its distribution network, with 371,935 trained insurance professionals and 1,241 offices across the country. The companys APE channel mix comprised bancassurance at 47%, agency at 25% and other channels at 28%. Individual new business premium through the agency channel increased 17% YoY to Rs 1,550 crore, while other channels recorded a 25% rise to Rs 1,030 crore in Q1 FY27. The company also reported improvement in persistency ratios, with 13th-month and 49th-month persistency increasing by 61 basis points and 68 basis points, respectively, supported by better business quality and customer retention. Amit Jhingran, MD & CEO of SBI Life, stated, "SBI Life continued its growth trajectory from FY 2026 into the first quarter of FY 2027, delivering a 14% increase in Individual Rated Premium, supported by a favourable shift in product mix. All product segments recorded growth on an Individual Rated Premium basis, and all key distribution channels achieved double-digit expansion. The increasing contribution from protection solutions and guaranteed non-par savings products reflects evolving customer preferences and our strategic focus. Renewal premium growth, along with improvements in the 13th- and 49th-month persistency ratios, underscores the strengthening of our customer relationships and the overall quality of our business. With its strong brand, diversified distribution network, superior service standards, and technology-led capabilities, the Company remains well-positioned to meet increasing demand across protection, savings, and retirement solutions. Our ability to consistently generate profitable new business over the years continues to support sustainable value creation for our shareholders. SBI Life's diverse range of products caters to individuals as well as group customers through protection, pension, savings and health solutions. Shares of SBI Life Insurance Company closed 0.26% higher at Rs 1,857.65 on the BSE. First Published: Jul 24 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The total market capitalisation of BSE-listed firms stood at ?476 trillion, down ?1 trillion for the day First Published: Jul 24 2026 | 7:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 24 2026 | 6:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ACC has reported 60.9% fall in consolidated net profit to Rs 147 crore on a 8.2% decline in revenue from operations to Rs 5,808 crore in Q1 FY27 as compared with Q1 FY26. Sales Volume contracted by 6.5% to 10 million tonnes in Q1 FY27 from 10.7% million tonnes in Q1 FY26. Trade share, however, improved by 5 percentage points YoY to 81% and premium product (as % of trade sales) increased by 3 percentage points YoY at 44% YoY in Q1 FY27. While operating EBITDA fell by 41.3% YoY to Rs 457 crore, operating EBITDA margin contracted by 440 basis points to 7.9% in June 2026 quarter. Profit before tax in Q1 FY27 stood at Rs 200 crore, down by 64.5% from Rs 563 crore in Q1 FY26. The company said that the no-objection certificate (NOC) from SEBI for the proposed amalgamation of ACC with Ambuja was received on 4 June 2026, and an application has been filed with the NCLT on 29 June 2026. The transaction is expected to be completed during FY'27, subject to regulatory approvals. Vinod Bahety, whole-time director & CEO, ACC, said: "We have commenced FY'27 with a resilient performance, driven by a higher share of trade volumes and continued premiumization. During the quarter, profitability reflected the impact of planned maintenance of larger integrated units, higher master supply agreement (MSA) volumes with parent Ambuja Cements, even as we continued to prioritize value-led growth and quality earnings. Our journey towards building a simpler, stronger and more integrated business continues through the proposed One Cement Platform. Combined with strategic capacity expansions at Salai Banwa and Kalamboli, CiNOC-enabled operational excellence and customer-focused solutions, we have a good visibility of improved performance in the coming quarters. ACC, a subsidiary of Ambuja Cements and part of the diversified Adani Group, is one of Indias most trusted building materials and concrete solutions company. The company operates 20 cement manufacturing sites, 119 ready-mix concrete plants, and a nationwide network of channel partners The scrip advanced 0.36% to end at Rs 1339.20 on the BSE today. First Published: Jul 24 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Zinc has reported a consolidated net profit of Rs 5,469 crore in Q1 FY27, which is higher by 145% as compared with the PAT figure of Rs 2,234 crore recorded in Q1 FY26. Revenue from operations stood at Rs 13,747 crore during the quarter, up 77% YoY, driven by higher metal prices, increased metal production, lead concentrate sale, higher by-product realisation, and a stronger dollar. EBITDA more than doubled to Rs 8,074 crore in Q1 FY27 from Rs 3,860 crore in Q1 FY26. This was on account of increased metal production, higher metal prices, lower cost of production, lead concentrate sale, and a stronger dollar. EBITDA margin for June 2026 quarter was 59%, up 900 basis points YoY. Profit before tax in Q1 FY27 stood at Rs 7,314 crore, up by 145% from Rs 2,985 crore in Q1 FY26. Arun Misra, chief executive officer, said: "We have started the year on a strong note with our highest-ever first quarter mined metal production of 268 kilo tonnes (KT) for the fifth consecutive year, reflecting the strength of our world-class assets and our relentless focus on operational excellence. Our debottlenecking initiatives continue to enhance refined metal production and reinforce our position as one of the world's lowest-cost zinc producers. As demand for zinc continues to be driven by infrastructure and the energy transition, we remain committed to delivering responsible growth and long-term value for our stakeholders." Hindustan Zinc, a Vedanta Group company, is the worlds largest integrated zinc producer and is amongst the top ten silver producers globally. The scrip rose 0.16% to end at Rs 531.95 on the BSE today. First Published: Jul 24 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 24 2026 | 6:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 24 2026 | 6:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 24 2026 | 6:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 18.90% to Rs 314.64 crore First Published: Jul 24 2026 | 6:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total Operating Income rise 8.83% to Rs 20096.90 crore First Published: Jul 24 2026 | 6:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 0.20 crore First Published: Jul 24 2026 | 6:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 62.90% to Rs 9.22 crore First Published: Jul 24 2026 | 6:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 95.01% to Rs 50.41 crore First Published: Jul 24 2026 | 6:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total Operating Income rise 6.84% to Rs 35114.52 crore First Published: Jul 24 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 5.31% to Rs 280.86 crore First Published: Jul 24 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee continued to stay pressured around record low levels but witnessed some pullback on possible intervention by RBI to stabilize sharp volatility in the counter. INR opened at Rs 96.81 per dollar but recovered by 18 paise to close at 96.55 (provisional) against the US dollar on Friday. A combination of factors, including heightened tensions in West Asia, FII outflows, and sustained negative sentiments at the domestic equity markets, maintained pressure on the local unit. The S&P/BSE Sensex dropped 0.4% to 76,060 and the NSE Nifty 50 dropped 0.4% to 23,770, both at their lowest in over one month. The US launched a 13th straight day of strikes on Iran, with both sides ruling out near-term talks. President Trump also threatened "major military punishment" against Iran and the Houthis over any further attacks on Red Sea shipping and said he was considering a "massive attack" on Iran. His remarks followed attacks by Iran-backed Houthi militants on two Saudi oil tankers in the Red Sea, a key alternative export route for Saudi Arabia as fighting continued to disrupt traffic through the Strait of Hormuz. The higher energy costs lift petrol imports for India and pressure the rupee, reducing demand for Indian stocks in foreign markets. First Published: Jul 24 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 84.74 lakh shares as against 1.43 crore shares on offer. The issue opened for bidding on 23 July 2026 and it closed on 27 July 2026. The price band of the IPO is fixed between Rs 404 and 425 per share. An investor can bid for a minimum of 35 equity shares and multiples thereof. The offer consists only of an offer for sale of 25,931,407 equity shares of Rs 1 face value by promoters and other selling shareholders. Of the total share for sale on OFS, about 21537437 equity shares are sold by promoters [Raj Kumar Lohia, Amit Kumar Lohia, Gaurav Lohia and a member of the promoter groupRitu Lohia] and balance 4393970 equity shares are sold by other selling shareholders [Alok Kumar Lohia, Anurag Lohia, and Anuja Lohia]. Lohia Corp is a leading global manufacturer of technical textile machinery, specializing in equipment for polypropylene (PP) and HDPE woven fabric and sacks (raffia). The company offers end-to-end solutions across the raffia production chain, including tape extrusion lines, circular looms, coating and lamination lines, printing and conversion machines, and recycling equipment. It holds a 15.4% share of the global woven raffia machinery market and a 40.7% share in India (FY25), exports to around 100 countries, and operates six manufacturing facilities across India, the US, and Italy. Backed by strong in-house R&D with 127 granted patents worldwide, Lohia Corp is well-positioned to benefit from the growing global and Indian technical textiles market. Ahead of the IPO, Lohia Corp, on 22 July 2026, raised Rs 492.11 crore from anchor investors. The board allotted 1.15 crore shares at Rs 425 each to 27 anchor investors. The firm reported a consolidated net profit of Rs 193.45 crore and sales of Rs 1,717 crore for the twelve months ended on 31 March 2026. First Published: Jul 24 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 16.92 crore shares as against 5.50 crore shares on offer. The issue opened for bidding on Thursday (23 July 2026) and it will close on Monday (27 July 2026). The price band of the IPO is fixed between Rs 461 to Rs 485 per share. The minimum order quantity is 30 equity shares. The offer comprises afresh issue of equity shares aggregating upto Rs 500 crore and the offer for sale of up to 6,82,91,022 equity shares by the promoter selling shareholders (6,05,24,322 by Green Meadows Investments and 54,59,000 equity shares by Anuradha Koduri) and other selling shareholders (IIT Madras 23,07,700 equity shares). Post Issue IIT Madras will hold 23,07,685 equity shares or 0.47% of post issue expanded equity on upper price band. Of the net proceeds from the fresh issue, the company proposes to utilize Rs 400 crore towards repayment/prepayment, in full or part, of all or certain outstanding borrowings; and balance for general corporate purposes. Ahead of the IPO, Indo-MIM on 22 July 2026, the company raised Rs 1,140.99 crore from anchor investors by allotting 2,35,25,656 shares at Rs 485 per unit to 92 anchor investors. Indo-MIM manufactures precision engineering components using metal injection molding (MIM) technology. MIM is a manufacturing process merging plastic injection molding and powder metallurgy. In addition to MIM technology, it also leverages technologies such as investment casting, precision machining, ceramic injection molding and metal three-dimensional (3D) printing. Revenue from operations from outside India accounted for about 77.2% in FY25 and Revenue from operations from India stood at 22.8% in FY26. The firm reported a consolidated net profit of Rs 533 .54 crore and sales of Rs 4,192.99 crore for the twelve months ended on 31 March 2026. First Published: Jul 24 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 24 2026 | 5:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India’s capital market fundraising hit a record ?3.15 trillion in June as debt issuances surged, offsetting subdued IPO activity and lifting overall mobilisation. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Key benchmark indices recovered from their intraday lows on Friday as Brent crude retreated below the $100-a-barrel mark after briefly crossing the milestone earlier in the session. The Nifty rebounded from an intraday low of 23,606.30, aided by value buying after recent market declines, a recovery in the rupee and gains in banking stocks. However, the relief rally was not enough to reverse losses, with the Sensex and Nifty ending lower for a fifth consecutive session. The Nifty settled below the 23,800 mark as lingering concerns over elevated crude prices, escalating Middle East tensions and sustained foreign fund outflows continued to weigh on investor sentiment. Auto, metal and oil & gas stocks led the decline. The S&P BSE Sensex slipped 331.62 points or 0.43% to 76,059.77. The Nifty 50 index fell 102.15 points or 0.43% to 23,767.45. Over five consecutive sessions, the Sensex has lost 2.67%, while the Nifty has slipped 2.32%. In the broader market, the BSE 150 MidCap Index dropped 0.16% and the BSE 250 SmallCap Index declined 0.23%. The market breadth was positive. On the NSE, 1,703 shares rose and 1,596 shares fell. A total of 126 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 4.11% to 14.03. Economy: India's private sector activity expanded at its slowest pace in more than four years in July as softer demand and rising inflationary pressures weighed on growth, according to the HSBC Flash India PMI survey compiled by S&P Global. The HSBC Flash India Composite PMI Output Index fell to 54.3 in July from 57.1 in June, marking the weakest pace of expansion since March 2022. The slowdown was driven by the services sector, with the HSBC Flash India Services PMI Business Activity Index dropping to 53.1 from 57.4, its lowest reading since February 2022. In contrast, manufacturing activity remained resilient, with the HSBC Flash India Manufacturing PMI Output Index rising to 57.0 from 56.3, although the headline Manufacturing PMI edged down to 53.9 from 54.2 in June. Numbers to Track: In the commodities market, Brent crude for September 2026 settlement declined $3.21 or 3.19% to $97.48 a barrel. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 96.5600 compared with its close of 96.7300 during the previous trading session. The yield on India's 10-year benchmark federal paper was down 0.18% to 6.828 as compared with previous close 6.840. MCX Gold futures for 5 August 2026 settlement advanced 0.34% to Rs 1,43,308. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.08% to 101.36. The United States 10-year bond yield declined 0.43% to 4.683. Global Markets: US Dow Jones futures rose 231 points, signalling a positive start for Wall Street later on Friday. European indices traded higher after official data showed UK retail sales volumes increased 1% in June, driven by stronger demand for air conditioners and clothing during warmer weather. Retail activity also received a boost from the FIFA World Cup, adding to signs of a recovery in the UK economy. Asian indices ended mostly lower after Japan's core inflation rose to 1.6% in June, remaining below the Bank of Japan's 2% target for a fifth straight month. Headline inflation accelerated to 1.7% from 1.5% in May, its highest level this year. Persistent producer price pressures and a weaker yen have fuelled expectations that the BOJ could continue raising interest rates. Brent crude remained volatile as attacks by Iran-backed Houthi militants on Saudi oil tankers in the Red Sea disrupted another key Middle East shipping route, alongside Iran's near-closure of the Strait of Hormuz. Oil prices have surged nearly 40% this month as the conflict intensified. The geopolitical backdrop remained tense as the United States continued air strikes on Iran, while Tehran launched attacks on neighbouring countries hosting US military bases, keeping investors concerned about potential disruptions to global energy supplies. Investor sentiment was also weighed down by the US administration's decision to impose higher tariffs on imports from 60 trading partners, stoking inflation concerns. As a result, the 30-year US Treasury yield hovered near its highest level since 2007, while benchmark European bond yields climbed to levels last seen in 2011. Overnight, Wall Street ended sharply lower as surging oil prices and escalating Middle East tensions overshadowed corporate earnings. Investors also assessed results from major technology companies, with Alphabet's increased artificial intelligence spending weighing on sentiment. The Dow Jones Industrial Average fell 506.93 points (0.97%) to 51,711.65, the S&P 500 declined 1.21% to 7,408.30, and the Nasdaq Composite dropped 2.15% to 25,137.69. Technology stocks led the decline, with Alphabet tumbling 7% and Tesla slumping 14% after their quarterly earnings reports disappointed investors. New Listing: Shares of Caliber Mining and Logistics settled at Rs 528.50 on their debut on the BSE, a premium of 24.65% over the issue price of Rs 424. The stock listed at Rs 504, reflecting a premium of 18.87% to the issue price. During the session, it touched a high of Rs 538.15 and a low of Rs 463.15. More than 21.63 lakh shares changed hands on the BSE. Stocks in Spotlight: Infosys declined 0.80% after the company reported an 8.61% drop in consolidated net profit to Rs 7,769 crore in Q1 FY27 compared with Rs 8,501 crore in Q4 FY26. Revenue from operations increased 3.90% QoQ to Rs 48,211 crore in Q1 FY27. On the outlook, the management said in financial services, uncertainty and geopolitical instability are causing some clients hesitancy as spending patterns are taking a more cautious approach. Client priorities are centered on efficiency, productivity and modernization, with discretionary spending being evaluated more carefully. AI adoption has been incremental and additive, with clients increasingly engaging the company to support their AI journeys across strategy, platforms, engineering and operations. This was reflected in the companys strong deal wins in Q1, with approximately $1 billion in large deal TCV. Laurus Labs jumped 2.60% after the company's consolidated net profit surged 126% year on year (YoY) to Rs 367.60 crore in Q1 FY27, driven by a 29% increase in revenue from operations to Rs 2,026.31 crore, compared with Q1 FY26. Wendt jumped 9.16% after the company's standalone profit after tax increased 61.6% YoY and 7.2% QoQ to Rs 8 crore in Q1 FY27. Net sales increased 30.72% YoY and 7.06% QoQ to Rs 60.77 crore in the quarter ended 30 June 2026. Motilal Oswal Financial Services slipped 7.15%. The company's adjusted profit after tax increased 9.6% YoY to Rs 1,273.11 crore in Q1 FY27. Profit rebounded from a loss of Rs 221.28 crore in Q4 FY26. Total income increased 25.1% YoY and 27.5% QoQ to Rs 3,432.23 crore in the quarter ended 30 June 2026. Atul advanced 5.87% after the company's consolidated net profit surged 91.98% to Rs 245.30 crore in Q1 FY27 from Rs 127.77 crore in Q1 FY26. Revenue from operations increased 25.03% YoY to Rs 1,847.95 crore in the quarter ended 30 June 2026. Indian Energy Exchange (IEX) added 1.69% after the companys consolidated net profit jumped 11.65% to Rs 134.75 crore in Q1 FY27 compared with Rs 120.69 crore in Q1 FY26. Revenue from operations increased 11.37% YoY to Rs 157.87 crore in Q1 FY27. Allied Blenders and Distillers rose 3.39% after the company reported a 20.7% rise in consolidated net profit to Rs 45.42 crore in Q1 FY27, compared with Rs 37.63 crore in Q4 FY26. On a year-on-year (YoY) basis, the company reported an 18.65% decline in consolidated net profit to Rs 45.42 crore in Q1 FY27, compared with Rs 55.83 crore in the same quarter last year. Thyrocare Technologies jumped 3.67% after the companys consolidated net profit jumped 34.06% to Rs 52.19 crore in Q1 FY27, compared with Rs 38.93 crore in Q1 FY26. Revenue from operations rose 24.34% year-on-year (YoY) to Rs 240.02 crore, driven by sustained momentum in the pathology segment. Meesho fell 1.80%. The company's adjusted loss after extraordinary items narrowed to Rs 132.84 crore in Q1 FY27 from Rs 215.92 crore in Q1 FY26 and Rs 166.35 crore in Q4 FY26. Net sales increased 48.3% YoY and 5.1% QoQ to Rs 3,712.81 crore in the quarter ended 30 June 2026. Route Mobile declined 6.07% after the company reported a 40.09% decline in consolidated net profit to Rs 68.55 crore for the quarter ended 30 June 2026, compared with Rs 114.43 crore in Q4 FY26. Revenue from operations rose 1.82% quarter on quarter (QoQ) to Rs 1,151.51 crore in Q1 FY27. Fractal Analytics declined 9.01% after the company reported a 37.56% decline in consolidated net profit to Rs 72.3 crore in Q1 FY27 compared with Rs 115.8 crore in Q4 FY26. Revenue from operations increased 2.96% quarter on quarter (QoQ) to Rs 912.5 crore in Q1 FY27. On a year-on-year (YoY) basis, the company reported a 92% surge in consolidated net profit to Rs 72.3 crore, while revenue from operations increased 20% to Rs 912.5 crore in Q1 FY27 compared with Q1 FY26. APAR Industries jumped 2.81% after it has reported a 77.79% rise in consolidated net profit to Rs 467.45 crore on a 29.13% increase in revenue from operations to Rs 6,591.06 crore in Q1 FY27 over Q1 FY26. IPO Update: Xtranet Technologies received bids for 1,80,24,710 shares as against 91,93,800 shares on offer, according to stock exchange data at 16:54 IST on Friday (24 July 2025). The issue was subscribed 1.96 times. Lohia Corp received bids for 84,61,845 shares as against 1,43,52,274 shares on offer, according to stock exchange data at 16:54 IST on Friday (24 July 2025). The issue was subscribed 0.59 times. INDO-MIM received bids for 16,84,87,200 shares as against 5,50,93,201 shares on offer, according to stock exchange data at 16:54 IST on Friday (24 July 2025). The issue was subscribed 3.06 times. First Published: Jul 24 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 24 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Consumer Products (TCPL) reported a 27.78% year-on-year increase in consolidated net profit to Rs 426.98 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 334.15 crore in the corresponding quarter last year. The groups consolidaeted net profit stood at Rs 427.19 crore in Q1 FY27, up 29% YoY. EBITDA increased 19% year-on-year to Rs 730 crore during the quarter, while the EBITDA margin expanded by 70 basis points to 13.6%. The India business delivered revenue of Rs 3,540 crore, up 13% from Rs 3,126 crore in the year-ago period. India Branded Business recorded Underlying Volume Growth (UVG) of 13% Within the domestic portfolio, the salt business registered 7% revenue growth, supported by steady volume expansion. India tea volumes grew 2%, although revenue declined as the benefit of lower tea costs was passed on to consumers. The coffee business maintained strong momentum, recording 24% revenue growth during the quarter. The Tata Sampann portfolio posted 58% revenue growth, driven by robust performance across categories. The ready-to-drink (RTD) beverages business recorded 41% revenue growth, supported by premiumisation and innovation. During the quarter, the company expanded its zero-sugar beverage portfolio with the launch of Cranberry and Pineapple variants under Tetley Kombucha Zero. The company's acquired brands also continued to perform well, with Capital Foods reporting 40% revenue growth and Organic India delivering 27% growth. The company said health and wellness as well as convenience-focused product launches continued to expand the addressable market and support category growth. For the quarter, the International business revenue grew 16% (3% in constant currency), led by strong performance in the USA. The company said that in the UK, Teapigs and Good Earth continued to gain share in the Specialty and Fruit & Herbal segments. The Tata Starbucks reported 11% revenue growth during the quarter, supported by strong same-store sales. The chain ended the quarter with 498 stores across India after opening four new outlets, including two Reserve stores in Kolkata and New Delhi. Sunil DSouza, managing director & CEO of Tata Consumer Products, said, We delivered yet another quarter of double-digit topline growth, backed by volume growth. Importantly, this translated to a consolidated net profit growth of 29%. Tata Sampann continued to record exceptional growth driven by performance across multiple categories- dry fruits, cold-pressed oils as well as core pulses and spices. The International business continued to deliver steady performance with margins being accretive to the overall company margins. Our innovation momentum continues with 14 new launches in Q1 and a roadmap in place to fuel our growth agenda this year. Tata Consumer Products is a focused consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella. The companys portfolio of products includes tea, coffee, water, RTD, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks, and mini meals. The counter fell 1.66% to end at Rs 1,088.60 on BSE. First Published: Jul 24 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign companies are actively setting up global capability centres (GCCs) in India, with nearly 105 million sq ft of prime office space taken on rent by them since 2022 across seven major cities, according to Colliers. Real estate consultant Colliers India on Friday released a report on 'GCCs in India: Global leadership through scale, competitiveness, talent & innovation'. "India continues to be the most preferred destination for GCCs, underpinned by its deep and diverse talent pool, cost competitiveness, robust technology ecosystem, and favourable business environment," the consultant said. There were more than 2,100 GCCs in India at the end of 2025 and the number is projected to grow at over 4,000 centres by 2030, as per the report. The rising number of GCCs is increasingly influencing office space demand. During January 2022 and June 2026 period, foreign firms, largely from the US, have rented 104.6 million sq ft of office spaces to set up GCCs across top-seven office markets. This accounted for nearly 37 per cent of the total office leasing. In January-June period this year, GCCs have leased 16.6 million sq ft of Grade A office space, up about 30 per cent on an annual basis. Their share in the total leasing has risen to 46 per cent. The seven major cities are Bengaluru, Mumbai, Hyderabad, Delhi-NCR, Pune, Chennai, and Kolkata. Arpit Mehrotra, Managing Director, Office Services, Colliers India, said, "India has firmly established itself at the epicentre of GCC-led innovation, combining talent superiority, cost arbitrage and technological prowess". As multinational corporations continue to scale up their operations in India, office space demand is expected to continue to be fuelled by large-scale capability centres at the forefront of AI-driven innovation. "Going forward, over the next two years, GCCs are expected to drive 45-50 per cent of India's office space demand, taking up 35-40 million sq ft of Grade A space annually," Mehrotra said. The growth in GCCs number is expected to create multiple opportunities for developers and investors alike, he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 24 2026 | 5:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 14.69% to Rs 890.96 crore First Published: Jul 24 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 19.10% to Rs 797.70 crore First Published: Jul 24 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 20.65% to Rs 724.89 crore First Published: Jul 24 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 160.64% to Rs 42.85 crore First Published: Jul 24 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 24.00% to Rs 860.72 crore First Published: Jul 24 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Swiggy fell 5.14% to Rs 248.10 after the company's board approved a proposal to cap aggregate foreign ownership at 49.5% on a fully diluted basis. The proposed cap, subject to shareholder approval at the company's Annual General Meeting on 18 August, is aimed at helping Swiggy qualify as an Indian Owned and Controlled Company (IOCC) under foreign exchange regulations. Achieving IOCC status would allow Swiggy to directly own and sell inventory through its quick commerce business Instamart, enabling it to shift Instamart from a marketplace model to an inventory-led model. The transition is expected to improve margins, strengthen supply chain control and enhance competitiveness with rival Blinkit, which already follows the inventory-led model. Swiggy's aggregate foreign investment had already fallen to about 49.76% as of 6 July, clearing the ownership threshold required to pursue IOCC status. The latest proposal seeks to align the company's governance structure with the regulatory requirements for obtaining that status. As part of the proposal, the board approved amendments to the company's Articles of Association, including the removal of certain existing nomination rights, the revision of nomination rights for specified resident Indian shareholders, and other governance-related changes required to qualify as an IOCC. It also approved the reclassification of authorised preference share capital into authorised equity share capital without changing the total authorised share capital. The latest proposal marks Swiggy's second attempt this year to secure shareholder approval for the changes required to qualify as an IOCC. In May, shareholders rejected a similar special resolution after it received 72.36% of votes, below the 75% threshold required for approval. Swiggy is Indias pioneering on-demand convenience platform, catering to millions of consumers each month. Over the years, the company has diversified its offerings beyond food to include Swiggy Instamart (quick commerce for groceries and household items) and Swiggy Dineout (restaurant table bookings and dining deals). The companys consolidated net loss narrowed to Rs 800 crore in Q4 FY26, compared with loss of Rs 1081 crore in Q4 FY25. Revenue from operations jumped 44.74% to Rs 6,383 crore in Q4 FY26. Swiggy's board will consider Q1 results on 30 July 2026. First Published: Jul 24 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Infosys Ltd is quoting at Rs 1029.6, down 1.7% on the day as on 13:19 IST on the NSE. The stock tumbled 32.07% in last one year as compared to a 4.21% slide in NIFTY and a 19.9% fall in the Nifty IT index. Infosys Ltd is down for a fifth straight session today. The stock is quoting at Rs 1029.6, down 1.7% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.33% on the day, quoting at 23790.9. The Sensex is at 76111.65, down 0.37%.Infosys Ltd has lost around 1.11% in last one month.Meanwhile, Nifty IT index of which Infosys Ltd is a constituent, has increased around 4.4% in last one month and is currently quoting at 28533.55, up 0% on the day. The volume in the stock stood at 206.05 lakh shares today, compared to the daily average of 128.67 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 1033.1, down 1.68% on the day. Infosys Ltd tumbled 32.07% in last one year as compared to a 4.21% slide in NIFTY and a 19.9% fall in the Nifty IT index. The PE of the stock is 14.23 based on TTM earnings ending March 26. First Published: Jul 24 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Uno Minda Ltd is quoting at Rs 1116.4, down 1.19% on the day as on 13:19 IST on the NSE. The stock jumped 2.88% in last one year as compared to a 4.21% slide in NIFTY and a 14.64% spurt in the Nifty Auto index. Uno Minda Ltd is down for a fifth straight session today. The stock is quoting at Rs 1116.4, down 1.19% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.33% on the day, quoting at 23790.9. The Sensex is at 76111.65, down 0.37%.Uno Minda Ltd has lost around 1.77% in last one month.Meanwhile, Nifty Auto index of which Uno Minda Ltd is a constituent, has increased around 1.06% in last one month and is currently quoting at 27520.8, down 0.93% on the day. The volume in the stock stood at 4.51 lakh shares today, compared to the daily average of 8.92 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 1118, down 1.11% on the day. Uno Minda Ltd jumped 2.88% in last one year as compared to a 4.21% slide in NIFTY and a 14.64% spurt in the Nifty Auto index. The PE of the stock is 65.44 based on TTM earnings ending March 26. First Published: Jul 24 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank Ltd is quoting at Rs 746.25, down 0.13% on the day as on 13:19 IST on the NSE. The stock tumbled 25.55% in last one year as compared to a 4.21% slide in NIFTY and a 0.33% spurt in the Nifty Bank index. HDFC Bank Ltd dropped for a fifth straight session today. The stock is quoting at Rs 746.25, down 0.13% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.33% on the day, quoting at 23790.9. The Sensex is at 76111.65, down 0.37%.HDFC Bank Ltd has eased around 6.29% in last one month.Meanwhile, Nifty Bank index of which HDFC Bank Ltd is a constituent, has eased around 2.51% in last one month and is currently quoting at 56592, up 0.22% on the day. The volume in the stock stood at 152.72 lakh shares today, compared to the daily average of 353.76 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 746.95, down 0.19% on the day. HDFC Bank Ltd tumbled 25.55% in last one year as compared to a 4.21% slide in NIFTY and a 0.33% spurt in the Nifty Bank index. The PE of the stock is 15.25 based on TTM earnings ending June 26. First Published: Jul 24 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Acutaas Chemicals drops 7% despite 70% jump in Q1 PAT; stock up 180% in 1yr First Published: Jul 24 2026 | 2:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The paid-up share capital of the Company has accordingly increased from Rs. 20,90,50,442 consisting of 10,45,25,221 equity shares having a face value of Rs. 2/- each to Rs. 20,90,67,528 consisting of 10,45,33,764 equity shares having a face value of Rs. 2/- each First Published: Jul 24 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Energy Exchange (IEX) added 2.43% to Rs 124.89 after the company's consolidated net profit jumped 11.65% to Rs 134.75 crore in Q1 FY27 compared with Rs 120.69 crore in Q1 FY26. Profit before tax (PBT) climbed 11.62% YoY to Rs 176.80 crore in Q1 FY27. Electricity traded volume stood at 37.5 billion units (BUs) in Q1 FY27, registering a 15.9% year-on-year growth, supported by higher power demand during the summer season. On the power sector front, during the quarter, India experienced hotter-than-normal summer marked by persistent heatwaves and above-normal temperatures. Peak power demand touched a record 270.8 GW in May 2026, while the country's electricity consumption rose 8.8% year-on-year to 485.4 BUs during Q1 FY27, creating favourable conditions for power trading. On the gas market front, the Indian Gas Exchange (IGX) traded gas volumes of 27.5 Million MMBtu in Q1 FY27, a growth of 11.9% over Q1 FY26. IGX reported a profit after tax of Rs 16.3 crore, registering a 15.5% increase over Rs 14.1 crore reported in Q1 FY26. IGX filed its draft red herring prospectus (DRHP) for a proposed initial public offering (IPO) on 14 July 2026. IEX currently holds a 47.3% stake in IGX and, in line with Petroleum and Natural Gas Regulatory Board (PNGRB) regulations, plans to reduce its holding to 25% through an offer for sale (OFS) of a 22.3% equity stake The International Carbon Exchange (ICX) issued 42.4 lakh International Renewable Energy Certificates (I-RECs) during Q1 FY27 compared with 44.4 lakh in the corresponding quarter last year. Despite lower issuances, ICX's revenue increased 16.1% year-on-year to Rs 2.1 crore from Rs 1.8 crore. Indian Energy Exchange (IEX) is India's premier electricity exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates. First Published: Jul 24 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Apar Industries stock jumped 9% after the company posted 78% YoY growth in Q1 net profit. First Published: Jul 24 2026 | 1:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Allied Blenders and Distillers rose 1% to Rs 608.50 after the company reported a 20.7% rise in consolidated net profit to Rs 45.42 crore in Q1 FY27, compared with Rs 37.63 crore in Q4 FY26. Revenue from operations (excluding excise duty) rose 6.08% YoY to Rs 978.93 crore in the quarter ended 30 June 2026, despite the decline in net profit. Profit before tax stood at Rs 67.84 crore in the quarter ended 30 June 2026, down 10.31% from Rs 75.64 crore recorded in the corresponding quarter of the previous year. EBITDA for the quarter increased 1.2% to Rs 120 crore, compared with Rs 119 crore in the year-ago period. EBITDA margin stood at 12.2%, compared with 12.8% in Q1 FY26. Amar Sinha, managing director of ABD, stated, Our Q1FY27 performance reflects the continued progress of ABDs transformation journey, with steady topline growth, a richer portfolio mix and disciplined execution across the business. While global supply chain disruptions had a short-term impact during the quarter, the underlying business remains resilient. We are currently focused on investing in our people, strengthening our brands and accelerating our premiumization agenda while maintaining strong execution of our backward integration projects. The recently implemented India-UK FTA is margin accretive while also supporting higher-end portfolio opportunities through improved sourcing flexibility. These priorities are central to building a more agile, efficient and future-ready ABD and support our focus on driving topline growth in the mid-teens over the medium term. Allied Blenders and Distillers (ABD) is engaged in the manufacturing, procurement, and sale of alcoholic beverages. First Published: Jul 24 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
United Spirits Ltd is quoting at Rs 1475.9, up 4.08% on the day as on 12:49 IST on the NSE. The stock is up 12.7% in last one year as compared to a 4.18% slide in NIFTY and a 9.88% slide in the Nifty FMCG index. United Spirits Ltd is up for a third straight session today. The stock is quoting at Rs 1475.9, up 4.08% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.29% on the day, quoting at 23799.9. The Sensex is at 76124.93, down 0.35%. United Spirits Ltd has gained around 6.57% in last one month. Meanwhile, Nifty FMCG index of which United Spirits Ltd is a constituent, has gained around 0.47% in last one month and is currently quoting at 49033.2, up 0.32% on the day. The volume in the stock stood at 29.25 lakh shares today, compared to the daily average of 9.18 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 1482.4, up 4.42% on the day. United Spirits Ltd is up 12.7% in last one year as compared to a 4.18% slide in NIFTY and a 9.88% slide in the Nifty FMCG index. The PE of the stock is 56.7 based on TTM earnings ending March 26. First Published: Jul 24 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 24 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Motilal Oswal shares dive 11% despite 10% rise in Q1 profit, AUM tops ?2trn First Published: Jul 24 2026 | 12:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 12:25 IST, the barometer index, the S&P BSE Sensex, slipped 505.46 points or 0.66% to 75,885.93. The Nifty 50 index fell 129.25 points or 0.54% to 23,741.75. In the broader market, the BSE 150 MidCap Index dropped 0.59% and the BSE 250 SmallCap Index declined 0.63%. The market breadth was negative. On the BSE, 1,475 shares rose and 2,386 shares fell. A total of 233 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 4.99% to 14.15. The Nifty 28 July 2026 futures were trading at 23,732 at a discount of 9.75 points as compared with the spot at 23,741.75. The Nifty option chain for the 28 July 2026 expiry showed a maximum call OI of 177 lakh contracts at the 24,000 strike price. Maximum put OI of 130.7 lakh contracts was seen at a 23,000 strike price. Buzzing Index: The Nifty Metal index fell 0.75% to 12,376.30. The index fell 1.95% in three consecutive trading sessions. Jindal Stainless (down 2.24%), Hindustan Copper (down 2.23%), Hindalco Industries (down 1.11%), Lloyds Metals & Energy (down 1.06%), JSW Steel (down 1.01%), National Aluminium Company (down 0.95%), Hindustan Zinc (down 0.91%), Tata Steel (down 0.91%), Welspun Corp (down 0.76%) and Jindal Steel (down 0.72%) declined. Stocks in Spotlight: Fractal Analytics declined 5.97% after the company reported a 37.56% decline in consolidated net profit to Rs 72.3 crore in Q1 FY27 compared with Rs 115.8 crore in Q4 FY26. Revenue from operations increased 2.96% quarter on quarter (QoQ) to Rs 912.5 crore in Q1 FY27. Infosys declined 2.95% after the company reported an 8.61% drop in consolidated net profit to Rs 7,769 crore in Q1 FY27 compared with Rs 8,501 crore in Q4 FY26. Revenue from operations increased 3.90% QoQ to Rs 48,211 crore in Q1 FY27. Thyrocare Technologies advanced 2.65% after the companys consolidated net profit jumped 34.06% to Rs 52.19 crore in Q1 FY27, compared with Rs 38.93 crore in Q1 FY26. Revenue from operations rose 24.34% year-on-year (YoY) to Rs 240.02 crore, driven by sustained momentum in the pathology segment. First Published: Jul 24 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ACME Solar Holdings rose 2.34% to Rs 371.55 after the renewable energy company said it had operationalised a cumulative 3.62 GWh Battery Energy Storage System (BESS) capacity across three project sites in Rajasthan. ACME Solar said the projects are expected to strengthen grid stability, support peak-hour electricity demand and facilitate the integration of round-the-clock renewable energy. Separately, the company provided an update on the fire incident at its ACME Suryodaya BESS facility in Pokhran, Rajasthan. The root cause analysis found that the incident was triggered by an electrical short circuit that caused a localized fire in the AC cables between the transformer and the power conversion system (PCS), leading to an equipment shutdown. The company said the fire did not damage other equipment at the site and was brought under control quickly. Restoration activities have since been completed, it added. ACME Solar has a diversified renewable energy portfolio of 8,070 MW spanning solar, wind, hybrid, storage and firm and dispatchable renewable energy (FDRE) projects. It currently has an operational contracted capacity of 2,990 MW and 3.62 GWh of battery energy storage capacity, with 5,080 MW of contracted capacity under construction. On a consolidated basis, ACME Solar Holdings' net profit rose 12.94% to Rs 139.32 crore while net sales rose 12.50% to Rs 547.77 crore in Q4 March 2026 over Q4 March 2025. First Published: Jul 24 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 24 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Swiggy skids 7% on foreign ownership cap; what it means for investors First Published: Jul 24 2026 | 10:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee is dangerously hovering near record lows and is seen very likely to plunge further as new tariff woes from US in adding to already distressed local currency. The U.S. imposed 10% tariffs on goods purchased from India and 16 other countries over the issue of the use of forced labour in the production of such items.The domestic currency has been under pressure amid the ongoing Middle East crisis that is driving oil prices steadily higher and dollar index above 101 mark. Adding to woes, sharp decline in local equities as foreign investors withdraw sharply from Indian equities. INR opened at Rs 96.81 per dollar and was pulled back to a 96.48 so far during the day by possible RBI intervention to stabilize rupee from falling beyond record lows. The BSE Sensex has crashed over 700 points to trade near 75,653.80, while the NSE Nifty 50 has dropped below the key support level of 23,700 to trade at 23,627.90. Brent crude has surged back above $100 per barrel. This spike is driven by Houthi attacks on tankers in the Red Sea and an escalating US-Iran conflict. It directly renews Indias balance of payments and domestic inflation worries. First Published: Jul 24 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Caliber Mining and Logistics were currently trading at Rs 464.95 at 10:17 IST on the BSE, representing a premium of 9.66% as compared with the issue price of Rs 424. So far, the stock has hit a high of Rs 507.75 and a low of Rs 463.15. On the BSE, over 11.43 lakh shares of the company were traded in the counter so far. The initial public offer (IPO) of Caliber Mining and Logistics received bids for 1,14,90,37,400 shares as against 78,35,821 shares on offer. The issue was subscribed 146.64 times. The issue opened for bidding on 17 July 2026 and it closed on 21 July 2026. The price band of the IPO was fixed between Rs 402 to Rs 424 per share. The issue comprised both an offer for sale and a fresh issue of equity shares (face value of Rs 10 each) aggregating to Rs 50 crore and Rs 400 crore, respectively. The entire offer-for-sale portion was by the promoters, namely Mohit S Chadda (Rs 12.5 crore), Anuj K Chadda (Rs 12.5 crore), Manish K Chadda (Rs 12.5 crore), and Rahul R Chadda (Rs 12.5 crore). Of the net proceeds, the company proposed to utilize Rs 208 crore towards the repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the company, Rs 167 crore towards funding capital expenditure for the purchase of commercial vehicles and plant & machinery (P&M), and the balance towards general corporate purposes. Caliber Mining and Logistics provides end-to-end coal mining and logistics solutions for marquee large coal mine-owning customers such as Western Coalfields, Northern Coalfields etc. The company operates as an integrated mining services provider, managing overburden removal, coal extraction and coal logistics. Its business operations comprise five key segments: coal mining, logistics, rake loading, rail coordination services and coal trading. In FY26, the company extracted 4.48 million metric tonnes (MT) of coal from open-cast mines and removed 128.07 million cubic meters (Mcum) of overburden across seven open-cast mining projects. Coal mining services remained the company's primary revenue contributor, accounting for 86.08% of revenue from operations in FY26, up from 80.55% in FY25. Logistics contributed 12.44% of revenue (16.39% in FY25), followed by rake loading at 0.54% (1.37%), rail coordination services at 0.02% (0.57%), and coal trading at 0.92% (1.11%). The firm reported a consolidated net profit of Rs 157.90 crore and income from operations of Rs 1,677.66 crore for the twelve months ended on 31 March 2026. First Published: Jul 24 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Meesho fell 4.54% to Rs 180.38 after the company reported its Q1 FY27 results. Net sales increased 48.3% YoY and 5.1% QoQ to Rs 3,712.81 crore in the quarter ended 30 June 2026. Pre-tax loss narrowed to Rs 132.84 crore in Q1 FY27 from Rs 240.09 crore in Q1 FY26 and Rs 160.09 crore in Q4 FY26. Total expenditure rose 37.6% YoY to Rs 3,937.46 crore. Employee expenses increased 17.3% YoY to Rs 243.08 crore, while depreciation surged 146.4% YoY to Rs 19.66 crore. Finance costs rose 46.9% YoY to Rs 2.13 crore. Operationally, Net Merchandise Value (NMV) grew 34% YoY to Rs 11,614 crore, driven by continued user growth and engagement. Marketplace revenue from operations increased 48% YoY to Rs 3,707 crore, supported by improved delivery conversion through lower cancellations, lower Return-to-Origin (RTO) rates and higher platform monetisation. Contribution margin expanded to 4.6% of NMV, up 54 basis points QoQ, while Marketplace Adjusted EBITDA improved to (1.2%) of NMV, reflecting stronger marketplace economics. Annual Transacting Users (ATUs) increased 29% YoY to 274 million, while placed orders rose 29% YoY to 725 million. Purchase frequency improved to 10.3 transactions per user annually. Prepaid orders accounted for around 37% of shipped orders, contributing to lower cancellations and RTO rates. The platform supported over 1.04 million Annual Transacting Sellers, up 81% YoY, with 45% of sellers based in Tier 2 and smaller towns. Seller growth in Tier 4 towns reached 125% YoY. Last Twelve Months (LTM) free cash flow improved by around 15% to negative Rs 537 crore from negative Rs 633 crore in the previous quarter. As of 30 June 2026, Meesho had a cash balance of Rs 6,521 crore. Commenting on the results, chief financial officer Dhiresh Bansal said the company delivered strong NMV growth while improving contribution margin, adjusted EBITDA and free cash flow despite higher fuel costs and minimum wage increases in some states. He added that artificial intelligence is becoming foundational across product discovery, seller growth, logistics and engineering, helping the company innovate faster while maintaining disciplined capital allocation. Meesho is an Indian e-commerce marketplace focused on value-driven online shopping, connecting millions of buyers with sellers across categories, with a strong presence in Tier 2 and smaller towns. First Published: Jul 24 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The United States has imposed a 10 per cent tariff on goods imported from India and 16 other countries as part of its efforts to combat the use of forced labour in the production of such items. Last month, when the US had proposed tariffs under Section 301 of the Trade Act, India was bracketed among countries attracting 12.5 per cent levies, but Washington took note of the amendment New Delhi made to its foreign trade policy prohibiting the import of goods produced using forced labour. As a result of these actions, the Trade Representative has advised me that the goods of these economies should be tariffed at the 10 per cent rate to further encourage these economies to effectively enforce such prohibitions, US President Donald Trump said in a memorandum on the issue on Thursday. First Published: Jul 24 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 24 2026 | 10:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HCL Tech stock hit a 3-month high on Friday. First Published: Jul 24 2026 | 10:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee ended 20 paise weaker at 96.73 against the US dollar on Thursday The rupee rose 22 paise to 96.51 against the US dollar in early trade on Friday on likely RBI intervention to stem its further slide after global crude oil prices crossed the $100-mark owing to heightened tensions in West Asia. A softer greenback provided mild support to the local unit while FII outflows, coupled with sustained slide in the domestic equity markets, maintained pressure, forex traders said. At the interbank foreign exchange, the rupee opened weaker at 96.81 before rising to 96.51, up 22 paise from its previous close. The rupee ended 20 paise weaker at 96.73 against the US dollar on Thursday. The US military announced 13th night of strikes on Thursday against Iran as clashes escalate over shipping routes. The attacks came after Yemen's Houthi said they attacked two Saudi oil tankers in the Red Sea, potentially widening the Iran war as international oil topped $100 a barrel. "The key factors for the weak opening of the rupee were -- Brent crude oil remained elevated, increasing dollar demand from Indian oil marketing companies while importer dollar buying remained strong through the session. RBI intervention via state-owned banks prevented a much larger depreciation, while softer dollar index provided only limited support," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading marginally down by 0.01 per cent at 101.43. Brent crude, the global oil benchmark, crossed the $100-mark, trading 0.12 per cent higher at $100.8 per barrel in futures trade. On the domestic equity market front, Sensex opened weaker for the fifth day in a row, tumbling 512.07 points to 75,869.38 in early trade while the Nifty was down 153 points to 23,713.60. Foreign Institutional Investors offloaded equities worth ?2,999.23 crore on a net basis on Thursday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 24 2026 | 10:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In an exchange filing, the company said L&T Heavy Engineering's orders include contracts from Africa's largest industrial conglomerate Dangote Group for refinery and fertiliser expansion projects in Nigeria and Ethiopia. First Published: Jul 24 2026 | 10:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
So far in July, IndiGo shares have lost 8 per cent and remain on track to snap their three-month winning run. First Published: Jul 24 2026 | 10:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Infosys falls 2% post Q1; analysts cautious on guidance cut, trim targets First Published: Jul 24 2026 | 9:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sun Pharmaceutical Industries announced that the stockholders of Organon & Co. (Organon) have approved the proposals in connection with the previously announced merger transaction under which Organon is expected to become a wholly owned subsidiary of Sun Pharmaceutical Holdings USA, Inc., an indirect wholly owned subsidiary of Sun Pharma. The shareholder approval marks an important milestone towards completion of the proposed transaction. The acquisition remains subject to the satisfaction of the remaining customary closing conditions, including applicable regulatory approvals. First Published: Jul 24 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Under its USD 7.5 billion Global Medium Term Note Programme ICICI Bank acting through its IFSC Banking Unit, has today at 1:33 a.m. IST priced USD 1 billion Senior Unsecured Fixed Rate Notes (Notes) under the USD 7.5 billion Global Medium Term Note Programme (Programme) of the Bank. The Note have a 5 year tenure with a coupon of 5.459%. The date of allotment is 30 July 2026. The Notes are proposed to be listed at Global Securities Market of the India International Exchange IFSC, Debt Securities Market of the NSE IFSC and SGX-ST. First Published: Jul 24 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 24 2026 | 9:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex extended losses as oil prices were trading near $100-per-barrel mark due to West Asia tension. First Published: Jul 24 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty July 2026 futures currently traded 32.00 points lower, suggesting a negative opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 2,999.23 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,947.14 crore in the Indian equity market on 23 July 2026, provisional data showed. The FIIs have sold shares worth Rs 7,836.18 crore so far in July (till 23 July 2026). This follows their cash sales of Rs 49,028.63 crore in June, Rs 55,963.33 crore in May and Rs 70,135.46 crore in April. Global Markets: Asian shares fell on Friday as oil prices stormed back above $100 a barrel amid an intensifying conflict in the Gulf, rattling bond markets and reviving fears of a fresh inflation shock. Brent crude held at $100.85 a barrel, after surging ?7% overnight to a two-month high of $102 as attacks by Iran-aligned Houthis on Saudi tankers in the Red Sea choked off a second crucial Middle East artery for global oil supplies, alongside Iran's near-closure of the Strait of Hormuz. Two weeks since the effective collapse of an interim truce meant to end the war, the U.S. military launched air strikes on Iran into Friday morning while Tehran fired at neighbouring Arab countries that host U.S. bases. With the conflict showing little signs of abating, Brent has reportedly soared nearly 40% this month alone. News that the U.S. administration will impose higher tariffs on goods from 60 trading partners also did not help the inflation picture, with 30-year Treasury yields nearing their highest levels since 2007 and benchmark European borrowing costs climbing to highs last seen in 2011. Overnight on Wall Street, U.S. equities fell on Thursday, as oil prices surged amid escalating conflict in the Middle East, while investors weighed quarterly results from two of the largest companies in the world, with Alphabets fueling concerns about increased artificial intelligence spending. The Dow Jones Industrial Average lost 506.93 points, or 0.97%, to end at 51,711.65. The S&P 500 dropped 1.21% to 7,408.30, while the Nasdaq Composite declined 2.15% to close at 25,137.69. The tech-heavy index was bogged down by a 7% drop in Alphabet and a 14% loss in Tesla following their earnings reports. Domestic Market: Key benchmark indices extended losses for a fourth straight session on Thursday. Rising crude oil prices and escalating geopolitical tensions in the Middle East weighed on investor sentiment. The Nifty settled below the 23,900 level. Broader indices also declined, with the Midcap and Smallcap indices losing 1% each. Sectoral weakness was broad-based, led by realty, oil & gas, infrastructure and PSU banks, while auto and media were the only gainers. The Nifty has turned technically weak, with immediate support seen around 23,750-23,780 and resistance near the 24,000 mark. The S&P BSE Sensex slipped 363.66 points or 0.47% to 76,391.39. The Nifty 50 index fell 126.65 points or 0.53% to 23,896.60. Over four consecutive sessions, the Sensex has lost 2.25%, while the Nifty has slipped 1.90%. First Published: Jul 24 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 9.58% to Rs 1151.51 crore First Published: Jul 24 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 19.99% to Rs 912.50 crore First Published: Jul 24 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 248.28% to Rs 318.47 crore First Published: Jul 24 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 35.61% to Rs 37.55 crore First Published: Jul 24 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
VST Tillers Tractors announced that its board has approved the appointment of Shuba Kumar as an independent director for a term of five consecutive years, effective from 27 July 2026, subject to shareholders' approval. She is currently the managing director of Natesan Synchrocones, where she has spearheaded the establishment of a Department of Scientific and Industrial Research (DSIR)-recognized research and development centre, led the company's expansion into the aerospace sector, and played a key role in forming Kyowa Natesan Synchro Technologies, an Indo-Japanese joint venture. With more than 28 years of leadership experience, Kumar has expertise in operations, quality management, mergers and acquisitions, and international business across the automotive, aerospace, and semiconductor industries. Earlier in her career, she held senior leadership positions at Applied Materials in the United States, where she helped create over $1 billion in new market opportunities and drove operational excellence through Six Sigma initiatives. She also serves as an independent director on the board of India Motor Parts & Accessories (IMPAL). VST Tillers Tractors is engaged in the manufacturing of power tillers and diesel engines. The company's consolidated net profit slipped 79.15% to Rs 5.09 crore in Q4 FY26, compared with Rs 24.42 crore reported in Q4 FY25. However, revenue from operations jumped 8.96% year on year (YoY) to Rs 328.46 crore in the quarter ended 31 March 2026. The scrip fell 0.43% to end at Rs 4,414.45 on Thursday, 23 July 2026. First Published: Jul 24 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian shares fell on Friday as oil prices stormed back above $100 a barrel amid an intensifying conflict in the Gulf, rattling bond markets and reviving fears of a fresh inflation shock. Brent crude held at $100.85 a barrel, after surging 7 per cent overnight to a two-month high of $102 as attacks by Iran-aligned Houthis on Saudi tankers in the Red Sea choked off a second crucial West Asia artery for global oil supplies, alongside Iran's near-closure of the Strait of Hormuz. Two weeks since ?the effective collapse of an interim truce meant to end the war, the US military launched air strikes on Iran into Friday morning while Tehran fired at neighbouring Arab countries that host US bases. With the conflict showing little signs of abating, Brent has soared nearly 40 per cent this month alone. "Two of the world's busiest shipping corridors are under threat in the same month, and markets are only just beginning to work out what that means," said Nigel Green, CEO of deVere Group, a financial advisory firm. "With that ceasefire now collapsed and oil back above $100, the drop which gave the Fed room to relax may already be reversing ... This looks less like a short-lived spike and more like a genuine reopening of the inflation question." News that the US administration will impose higher tariffs on goods from 60 trading partners also did not help the inflation picture, with 30-year Treasury yields nearing their highest levels since 2007 and benchmark European borrowing costs climbing to highs last seen in 2011. Markets bet central ?banks will have to turn more hawkish, with a one-in-three chance of a rate hike from the Federal Reserve as soon as next week - a sea change from merely a week ago - while a move in September is more than fully priced in. The European Central Bank left rates unchanged overnight but a September rate hike is about 70 per cent priced in. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan fell 1 per cent and Japan's Nikkei slid 2.9 per cent. South Korea's KOSPI dropped 3.7 per cent. Nasdaq futures were last up 0.1 per cent as bumper results from Intel offered only fleeting support in the face of broader worries about oil and rates. Wall Street fell overnight after Alphabet and Tesla, the first two of the so-called "Magnificent Seven" megacap tech companies to report this season, spooked investors as both burned through cash in their most recent quarter for their big spending on AI infrastructure. In bond markets, the benchmark 10-year ?US yield held at 4.7013 per cent on Friday, after hitting an over 18-month high of 4.7030 per cent overnight. 30-year bond yields were steady at 5.17 per cent, just below a 19-year peak of 5.201 per cent. The higher Treasury yields helped the US dollar up generally, with the dollar index holding at 101.46 after a 0.3 per cent rise overnight ?to the highest level this month. The beleaguered yen was pinned near 40-year lows at 163.89 per dollar, drawing a warning from the US Treasury that excess volatility ?in the currency was undesirable. Japan's finance minister has repeatedly issued verbal warnings about a possible intervention in the currency market, after carrying out yen-buying operations in April and May, with the yen weakening beyond the 160 level. "Against the backdrop of surging energy prices, the hawkish Fed repricing, ?and the yen's loss of safe-haven status, any comments from Japanese officials today about being ready to intervene or faster BoJ rate hike will likely be ignored," said Tony Sycamore, an analyst at IG. "At this point, trying to support the yen here would be akin to standing in the ?way of a bullet train." Precious metals took a hit, with gold off 0.1 per cent at $4,043 an ounce after falling 2 per cent overnight. Silver held at $57.45 an ounce after a decline of 3.4 per cent overnight. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 24 2026 | 8:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to Watch today: Infosys, IndiGo, Shriram Fin, BoB, Swiggy, OMCs First Published: Jul 24 2026 | 8:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil headed for weekly gains on Friday, as Houthi attacks on tankers in the Red Sea sparked worries about the closure of a second shipping chokepoint, while Kazakhstan temporarily cut output after its main export route was forced to shut. Brent futures eased 72 cents, ?or 0.72%, to $99.97 a barrel as of 0126 GMT, but remained on course for a 13.5% advance this week. West Texas Intermediate (WTI) futures fell 70 cents, or 0.76%, to $91.49 a barrel, on track for a 10.9% weekly rise. Brent had settled up 7% and WTI up 6.2% on Thursday, the first time since May that Brent settled above $100 after Iran-aligned Houthis said they had struck two Saudi oil tankers in the Red Sea. Prices were driven up by fears that the attacks would lead to the closure of the Bab el-Mandeb shipping route, which controls access from the Red ?Sea to the Indian Ocean and is the second most important oil channel after the Strait of Hormuz. US President Donald Trump vowed to "hold Iran responsible" for any further attacks. The Iran-aligned Houthis had declared on Monday that they were imposing a naval blockade on Saudi Arabia, which had been diverting its oil via pipeline to get around Iran's closure of the Strait of Hormuz. Iran had been pressing the Houthis to close the Bab el-Mandeb gateway to the Red Sea if the US continued to attack Iranian power infrastructure, after an ?interim truce between the two countries collapsed two weeks ago. "The noose around global energy supply routes is pulling tighter again," IG market analyst Tony Sycamore said in a ?note. Also on Thursday, Kazakhstan's energy ministry said oil companies temporarily cut back production after suspected Ukrainian ?drone attacks forced the country's main Black Sea export terminal to close. The Caspian Pipeline Consortium stopped receiving oil from Kazakhstan after suspending loadings because of attacks on tankers ?at the terminal, industry sources had said on Tuesday. The route handles about 2% of global daily crude supply. Kazakhstan's energy ministry did not specify the scale of the production reductions, ?but one source said the country's biggest field had cut output by more than half. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 24 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: the Nifty50 and the Sensex are expected to open sharply lower as the Brent crude was trading near $100-per-barrel mark due to West Asia tension. First Published: Jul 24 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 24 2026 | 7:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 24 2026 | 7:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Flipkart plans to initially launch the service on the government-backed ONDC This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajaya Mohanty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nestle India, Nestle First Published: Jul 23 2026 | 11:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajaya Kumar Mohanty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brent futures rose $6.59, or 7%, to $100.66 a barrel at 12:58 p.m. ET (1658 GMT), exceeding $100 for the first time since late May. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 23 2026 | 11:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Citing rapid growth of the VDA ecosystem and increasing retail participation, the committee said the exclusion of such assets from investment schemes creates a “regulatory grey area”. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Markets regulator Sebi on Thursday revised the security transmission framework by introducing a new fast-track mechanism for low-value claims and standardising documentation requirements to make the process efficient and investor-friendly. The framework introduces Quick Transmission Processing (QTP) and revises the monetary thresholds under the simplified documentation route. Under the new norms, the markets watchdog said QTP will apply to claims involving securities worth up to Rs 10,000 held in physical mode and Rs 30,000 for demat holdings. It also revised the threshold for transmission through simplified documentation to Rs 10 lakh for physical securities and Rs 30 lakh for demat holdings. In a circular issued on Thursday, Sebi said it has also standardised the documentation and procedures for transmission by removing the mandatory requirement of probate of a will in line with recent amendments to succession laws. It has replaced separate affidavits and no-objection certificates (NOCs) with a combined affidavit-cum-NOC and allowed QR code-enabled death certificates as valid documents for verification. For death certificates issued in foreign jurisdictions, the regulator has permitted additional modes of verification, including certification by overseas branches of Indian banks and foreign banks having correspondent banking relationships with Indian banks. The circular also mandates listed companies, registrars and transfer agents (RTAs), depositories, depository participants and asset management companies to use standardised forms for transmission requests. They may also provide an online facility for submission and tracking of claims, the Securities and Exchange Board of India (Sebi) said. Further, entities will have to process transmission requests within 21 calendar days from receipt of all required documents. Delay or rejection of claims will have to be communicated to claimants in writing, while Sebi may initiate appropriate action if delays are attributable to the processing entity, it added. The revised framework will come into force 30 days from the date of issuance of the circular, although processing entities have been asked to endeavour to process pending requests under the new framework to extend the benefit of simplified procedures to investors. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 23 2026 | 11:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Swiggy on Thursday said its board has approved a proposal to cap the company's aggregate foreign ownership at 49.5 per cent on a fully diluted basis, as part of its endeavour to qualify as an Indian-owned-and-controlled firm. The proposal will now be placed before shareholders for approval through a special resolution at the company's 13th Annual General Meeting (AGM) on August 18, a regulatory filing said. The IOCC (Indian owned and controlled company) status would allow Swiggy to directly own and sell inventory through its quick commerce brand Instamart, a move expected to improve margins and strengthen supply chain control. Rival Blinkit, owned by Eternal, follows an inventory-led model. The food delivery and quick commerce firm has been trying to qualify as an IOCC. In May, Swiggy failed to secure the requisite shareholder approval to alter its Articles of Association, through which it had aimed to qualify as an IOCC. Besides greenlighting the foreign ownership cap proposal, Swiggy's board also approved an alteration to the Articles of Association (AoA) to align with India's FEMA norms and proposed to reclassify its authorised preference share capital as authorised equity share capital, subject to shareholders' approval. "As part of the company's broader endeavour to qualify as an Indian owned and controlled company (IOCC) under the applicable foreign exchange laws, the company proposes to amend its AoA," the regulatory filing said. The key amendments include deletion of certain existing individual and institutional nomination rights, revision and inclusion of the nomination rights of specified resident individuals, clarification of the conditions governing the exercise and cessation of such rights, and consequential changes to the relevant definitions and provisions of the AoA, it added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 23 2026 | 11:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities and Exchange Board of India (Sebi) First Published: Jul 23 2026 | 7:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Spandana Sphoorty Financial has reported a consolidated net profit of Rs 12 crore in Q1 FY27 as against a net loss of Rs 360 crore in Q1 FY26. Total income for the period under review rose by 0.3% year-on-year (YoY) to Rs 303 crore. The financier has recorded a pre-provision operating profit of Rs 16 crore in the June 2026 quarter as against a loss of Rs 59 crore in the same period last year. Provisions (other than tax) and Contingencies fell by 41% to Rs 36.66 crore in Q1 FY27 from Rs 62.09 crore in Q1 FY26. Impairment on financial instruments amounted to Rs 22 crore in Q1 FY27. The impairment charge for June 2025 quarter was Rs 441 crore. The company posted a pre-tax profit of Rs 18 crore in Q1 FY27. It had registered a pre-tax loss of Rs 481 crore in Q1 FY26. Spandana Sphoorty Financial (SSFL) is engaged in lending, providing small-value unsecured loans to low-income customers in semi-urban and rural areas. The tenure of these loans is generally 1-2 years. While SSFL extends microfinance loans, its subsidiaries extend other services such as loans against property, business loans and personal loans. The scrip rose 2.49% to end at Rs 291.75 on the BSE today. First Published: Jul 23 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Suryoday Small Finance Bank has reported a net profit of Rs 75.18 crore for Q1 FY27, which is 2.13 times the PAT of Rs 35.28 crore recorded in Q1 FY26. Total income for the period under added up to Rs 770.22 crore, up 27.6% YoY. Net interest income jumped by 27.8% to Rs 315.73 crore in Q1 FY27 from Rs 247.14 crore in Q1 FY26. Operating profit increased by 27.2% YoY to Rs 138.56 crore in the June 2026 quarter. Provisions (other than tax) and Contingencies fell by 41% to Rs 36.66 crore in Q1 FY27 from Rs 62.09 crore in Q1 FY26. Profit before tax in Q1 FY27 stood at Rs 101.90 crore, which is 2.18 times the pre-tax profit of Rs 46.83 crore posted in Q1 FY26. Gross NPA as on 30 June 2026 was 6.60% as against 8.46% as on 30 June 2025. Net NPA was at 1.27% as on 30 June 2026 as compared with 5.64% as on 30 June 2025 Suryoday Small Finance Bank is a scheduled commercial bank. It commenced operations as an NBFC over a decade ago, with a clear focus on serving customers in the unbanked and underbanked segments and promoting financial inclusion. The scrip had surged 7.62% to end at Rs 194.90 on the BSE today. First Published: Jul 23 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 23 2026 | 6:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Interglobe Aviation (Indigo) reported a consolidated net loss of Rs 2,380 crore in Q1 FY27, compared with a net profit of Rs 21,763 crore posted in Q1 FY26. Excluding the impact of foreign exchange, the company has registered a net loss of Rs 5.6 crore during the period under review. Revenue from operations increased 19.9% year-on-year (YoY) to Rs 24,584.1 crore in Q1 June 2026. EBITDAR fell by 33.2% to Rs 3,832.5 crore in Q1 FY27 from Rs 5,738.6 crore in Q1 FY26. EBITDAR margin in Q1 FY27 was 15.6% as against 28% in Q1 FY26. For Q1 FY27, IndiGo reported a 2.9% increase in capacity to 43.5 billion ASKs. Passenger numbers rose marginally by 0.7% to 31.3 million during the quarter. Yield imporved by 21.3% to Rs 6.04 while load factor decreased by 1.3% points to 83.3% in Q1 FY27 as compared to the same period last year. As on 30 June 2026, IndiGo had a total cash balance of Rs 52,884.6 crore comprising of Rs 39,038.7 crore of free cash and Rs 13,845.9 crore of restricted cash. For the June 2026 quarter, IndiGo has recorded a net decrease of 9 passenger aircrafts, which takes the total fleet count to 432 aircrafts. With respect to future capacity growth, IndiGo stated that in line with lower demand during a traditionally weaker quarter, coupled with the operational uncertainty affecting travel between India and West Asia, capacity in the second quarter of fiscal year 2027, measured in terms of ASKs, is expected to remain broadly flat compared to the second quarter of fiscal year 2026, reflecting lower aircraft utilization. As the company moves beyond this seasonally weaker quarter, it expects aircraft utilization to progressively increase. Rahul Bhatia, MD, said, The first quarter was shaped by a volatile operating environment, with elevated fuel costs and network related constraints in the middle east impacting profitability. At the same time, demand remained healthy and our revenue performance improved year-on-year, supported by improved yields and continued customer preference for IndiGo as we proudly served more than 31 million passengers. We remain focused on managing capacity prudently, maintaining cost discipline, and responding to market conditions with agility. However, the pressure of fuel costs and rupee depreciation resulted in a loss of around 2 billion rupees for the quarter. InterGlobe Aviation (IndiGo) is among the fastest-growing low-cost carriers in the world. It had a fleet of 432 aircraft and provided scheduled services to 97 domestic and 46 international destinations as of 30th June 2026. Shares of InterGlobe Aviation fell 1.89% to close at Rs 5023.90 on the NSE. First Published: Jul 23 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 23.22% to Rs 370.78 crore First Published: Jul 23 2026 | 6:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 11.38% to Rs 157.88 crore First Published: Jul 23 2026 | 6:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 24.34% to Rs 240.02 crore First Published: Jul 23 2026 | 6:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 19.94% to Rs 24584.10 crore First Published: Jul 23 2026 | 6:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 1.01 crore shares as against 91.93 lakh shares on offer. The issue opened for bidding on 23 July 2026 and it closed on 27 July 2026. The price band of the IPO is fixed between Rs 120 and 127 per share. An investor can bid for a minimum of 110 equity shares and in multiples thereof. The IPO is entirely a fresh issue of shares worth Rs 170 crore at upper price band of Rs 127. The fresh issuance is of 1,33,85,827 shares. There is no offer for sale (OFS) component. At the upper end of the price band, the company is expected to be valued at Rs 667 crore post listing. The funds raised to the tune of Rs 102.0 crore will be used towards funding working capital requirements; Rs 20.20 crore will be utilized towards repayment of part of the borrowings Rs 8.50 crore will be utilized towards funding capital expenditure and the balance to be used for general corporate purposes. Xtranet Technologies is an end-to-end IT solutions provider offering enterprise applications, digital transformation, managed services, system integration, data center solutions, and proprietary platforms. Its offerings include ERP implementation, application development, cloud and infrastructure management, and digital trust services through its XtraTrust platform. The company generates revenue from fixed-price projects, time-and-material contracts, and recurring service agreements, with a significant contribution from government and PSU clients. It primarily operates in the domestic market, with Maharashtra and Madhya Pradesh being its key revenue-generating states, and has offices across major Indian cities. Ahead of the IPO, Xtranet Technologies, on 22 July 2026, raised Rs 492.11 crore from anchor investors. The board allotted 1.15 crore shares at Rs 425 each to 27 anchor investors. The firm reported a consolidated net profit of Rs 40.73 crore and sales of Rs 365.29 crore for the twelve months ended on 31 March 2026. First Published: Jul 23 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 56.41 lakh shares as against 1.43 crore shares on offer. The issue opened for bidding on 23 July 2026 and it closed on 27 July 2026. The price band of the IPO is fixed between Rs 404 and 425 per share. An investor can bid for a minimum of 35 equity shares and multiples thereof. The offer consists only of an offer for sale of 25,931,407 equity shares of Rs 1 face value by promoters and other selling shareholders. Of the total share for sale on OFS, about 21537437 equity shares are sold by promoters [Raj Kumar Lohia, Amit Kumar Lohia, Gaurav Lohia and a member of the promoter groupRitu Lohia] and balance 4393970 equity shares are sold by other selling shareholders [Alok Kumar Lohia, Anurag Lohia, and Anuja Lohia]. Lohia Corp is a leading global manufacturer of technical textile machinery, specializing in equipment for polypropylene (PP) and HDPE woven fabric and sacks (raffia). The company offers end-to-end solutions across the raffia production chain, including tape extrusion lines, circular looms, coating and lamination lines, printing and conversion machines, and recycling equipment. It holds a 15.4% share of the global woven raffia machinery market and a 40.7% share in India (FY25), exports to around 100 countries, and operates six manufacturing facilities across India, the US, and Italy. Backed by strong in-house R&D with 127 granted patents worldwide, Lohia Corp is well-positioned to benefit from the growing global and Indian technical textiles market. Ahead of the IPO, Lohia Corp, on 22 July 2026, raised Rs 492.11 crore from anchor investors. The board allotted 1.15 crore shares at Rs 425 each to 27 anchor investors. The firm reported a consolidated net profit of Rs 193.45 crore and sales of Rs 1,717 crore for the twelve months ended on 31 March 2026. First Published: Jul 23 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 70.53 lakh units as against 13.65 crore units on offer. The issue opened for bidding on Wednesday 22 July 2026 and it will close on Friday 24 July 2026. The price band of the IPO is fixed at Rs 151 per unit to 152 per unit. An investor can bid for a minimum 95 units and in multiples thereof. The InvIT's initial public offering (IPO) comprises an offer for sale (OFS) of units aggregating up to Rs 5,000 crore. As the issue is entirely an OFS, the Trust will not receive any proceeds from the offering. The entire proceeds from the issue will accrue to the selling unitholders. Ahead of the IPO, Cube Highways Trust on 21 July 2026, the company raised Rs 1,250 crore from anchor investors by allotting 8,22,36,840 units at Rs 152 per unit to 5 anchor investors. Cube Highways Trust is an Indian infrastructure investment trust sponsored by Cube Highways and Infrastructure V Pte. Ltd., established to acquire, own, and operate road and other infrastructure assets across India. The trust generates revenue through a diversified portfolio of toll and annuity-based concession assets, providing a balanced income stream. As of 31 March 2026, the trust's assets under management (AUM) comprised an 85:15 mix of toll and annuity assets. Following the conclusion of the concession period for the WUPTPL project, the trust currently operates 26 road assets. As of 31 March 2026, the trust's portfolio comprised 27 road assets spanning 8,754 lane kilometres and covering 2,005 kilometres across 12 states and one Union Territory in India. In FY26, the trust posted a profit of Rs 216.71 crore, with revenue from operations at Rs 4,238.88 crore. First Published: Jul 23 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 6.22 crore shares as against 5.50 crore shares on offer. The issue opened for bidding on Thursday (23 July 2026) and it will close on Monday (27 July 2026). The price band of the IPO is fixed between Rs 461 to Rs 485 per share. The minimum order quantity is 30 equity shares. The offer comprises afresh issue of equity shares aggregating upto Rs 500 crore and the offer for sale of up to 6,82,91,022 equity shares by the promoter selling shareholders (6,05,24,322 by Green Meadows Investments and 54,59,000 equity shares by Anuradha Koduri) and other selling shareholders (IIT Madras 23,07,700 equity shares). Post Issue IIT Madras will hold 23,07,685 equity shares or 0.47% of post issue expanded equity on upper price band. Of the net proceeds from the fresh issue, the company proposes to utilize Rs 400 crore towards repayment/prepayment, in full or part, of all or certain outstanding borrowings; and balance for general corporate purposes. Ahead of the IPO, Indo-MIM on 22 July 2026, the company raised Rs 1,140.99 crore from anchor investors by allotting 2,35,25,656 shares at Rs 485 per unit to 92 anchor investors. Indo-MIM manufactures precision engineering components using metal injection molding (MIM) technology. MIM is a manufacturing process merging plastic injection molding and powder metallurgy. In addition to MIM technology, it also leverages technologies such as investment casting, precision machining, ceramic injection molding and metal three-dimensional (3D) printing. Revenue from operations from outside India accounted for about 77.2% in FY25 and Revenue from operations from India stood at 22.8% in FY26. The firm reported a consolidated net profit of Rs 533 .54 crore and sales of Rs 4,192.99 crore for the twelve months ended on 31 March 2026. First Published: Jul 23 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Jul 23 2026 | 5:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coromandel International's consolidated net profit declined 23.93% year on year (YoY) to Rs 381.56 crore in Q1 FY27, compared with Rs 501.59 crore in Q1 FY26. Profit before tax (PBT) fell 24.15% to Rs 513.68 crore in Q1 FY27, compared with Rs 677.28 crore in Q1 FY26. Total expenses rose 19.42% YoY to Rs 7,700.90 crore in Q1 FY27 from Rs 6,448.72 crore in Q1 FY26. The cost of raw materials and packing materials consumed stood at Rs 4,615.19 crore (up 29.39% YoY), while finance costs increased to Rs 89.02 crore (up 30.99% YoY) during the period under review. In Q1 FY27, revenue from the nutrient and other allied business rose 9.44% year on year to Rs 6,951.03 crore, while revenue from the crop protection segment surged 72.55% year on year to Rs 1,250.76 crore. Coromandel International is one of India's leading agri-solutions providers. It offers a diverse range of products and services across the farming value chain. It specializes in fertilizers, crop protein, biopesticides, specialty nutrients, organic fertilizers, etc. Shares of Coromandel International shed 0.56% to end at Rs 2,024.50 on the BSE. First Published: Jul 23 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Key benchmark indices extended losses for a fourth straight session on Thursday. Rising crude oil prices and escalating geopolitical tensions in the Middle East weighed on investor sentiment. The Nifty settled below the 23,900 level. Broader indices also declined, with the Midcap and Smallcap indices losing 1% each. Sectoral weakness was broad-based, led by realty, oil & gas, infrastructure and PSU banks, while auto and media were the only gainers. The Nifty has turned technically weak, with immediate support seen around 23,750-23,780 and resistance near the 24,000 mark. The S&P BSE Sensex slipped 363.66 points or 0.47% to 76,391.39. The Nifty 50 index fell 126.65 points or 0.53% to 23,896.60. Over four consecutive sessions, the Sensex has lost 2.25%, while the Nifty has slipped 1.90%. Reliance Industries (down 1.24%), HDFC Bank (down 0.97%) and Bharti Airtel (down 0.82%) dragged the Nifty lower today. The broader market underperformed the frontline indices, the BSE 150 MidCap Index dropped 1.01% and the BSE 250 SmallCap Index declined 1.20%. The market breadth was weak. On the BSE, 1,637 shares rose and 2,585 shares fell. A total of 181 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 1.37% to 13.48. Numbers to Track: In the commodities market, Brent crude for September 2026 settlement added $4.01 or 4.26% to $98.08 a barrel. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 96.5600 compared with its close of 96.5300 during the previous trading session. The yield on India's 10-year benchmark federal paper was up 0.41% to 6.830 as compared with previous close 6.801. MCX Gold futures for 5 August 2026 settlement fell 1% to Rs 1,44,222. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.04% to 101.16. The United States 10-year bond yield added 0.47% to 4.679. Global Markets: US Dow Jones futures fell 192 points, signalling a weak opening for Wall Street later in the day. European shares declined on Thursday, led by technology stocks after Alphabet's quarterly results, while investors also monitored developments in the Middle East ahead of the European Central Bank's policy meeting. Asian markets mostly ended higher, supported by expectations that robust capital expenditure plans announced by major U.S. technology companies would boost demand for semiconductor manufacturers. However, escalating conflict in the Middle East pushed oil prices to six-week highs, capping gains. Rising crude prices have revived inflation concerns, driving short-term U.S. Treasury yields to 17-week highs as traders increased bets that the Federal Reserve may have to tighten monetary policy sooner than expected. Brent crude futures extended gains after the United States launched a fresh round of strikes on Iran and Yemen's Houthis targeted oil tankers in the Red Sea, raising fears of wider disruptions to global energy supplies. Nearly five months of conflict have depleted global oil inventories and fuelled inflationary pressures. Analysts warned that any closure of the Strait of Hormuz or Bab el-Mandeb would disrupt shipping routes that handle more than a quarter of global oil and gas supplies. On Wall Street overnight, the S&P 500 ended marginally lower as rising oil prices offset optimism around corporate earnings. The S&P 500 slipped 0.14% to 7,498.96, the Nasdaq Composite fell 0.57% to 25,690.90, while the Dow Jones Industrial Average edged down 6.06 points, or 0.01%, to 52,218.58. Alphabet shares fell 1% in after-hours trading after the Google parent raised its 2026 capital expenditure forecast to as much as $205 billion, underscoring strong demand for artificial intelligence infrastructure. The higher spending plan comes as investors have grown increasingly cautious about the scale of AI-related investments by large technology companies. Stocks in Spotlight: Eternal added 0.95% after the company reported a 268% surge in consolidated net profit to Rs 92 crore in Q1 FY27, compared with Rs 25 crore in the corresponding quarter last year. Revenue from operations soared 182% YoY to Rs 20,211 crore in the quarter ended 30 June 2026. Cipla declined 1.42% after the companys consolidated net profit declined 39.19% to Rs 789.05 crore in Q1 FY27, compared with Rs 1,297.62 crore posted in Q1 FY26. Revenue from operations increased 3.51% YoY to Rs 7,077.02 crore in the quarter ended 30th June 2026. Dr Reddys Laboratories slipped 1.10% after the company reported a 68.71% YoY decline in consolidated net profit to Rs 443.5 crore in Q1 FY27, compared with Rs 1,417.8 crore in the corresponding quarter of the previous year. Revenue from operations declined 5.55% YoY to Rs 8,070.5 crore in the quarter ended 30 June 2026. Gandhar Oil Refinery (India) surged 19.82% after the company's consolidated profit after tax surged 689.2% year-on-year and 455.7% quarter-on-quarter to Rs 205.9 crore in Q1 FY27. Revenue from operations rose 91.8% YoY and 58.4% QoQ to Rs 1,731.9 crore in Q1 FY27. Nippon Life India Asset Management fell 3.57%. The company has reported 27% increase in consolidated net profit to Rs 503.7 crore on a 26% rise in revenue from operations to Rs 766.9 in Q1 FY27 as compared with Q1 FY26. NTPC Green Energy rose 6.45% after the company's consolidated profit after tax increased 38.3% YoY and 54.6% QoQ to Rs 304.84 crore in Q1 FY27. Revenue from operations increased 62.7% YoY and 21.3% QoQ to Rs 1,106.86 crore in the quarter ended 30 June 2026. Chennai Petroleum Corporation declined 2.97% after the company reported a 27.37% decline in standalone net profit to Rs 1,016.67 crore for the quarter ended 30 June 2026, compared with Rs 1,399.70 crore in Q4 FY26. Revenue from operations (excluding excise duty) rose 62.74% year on year (YoY) to Rs 27,369.27 crore in Q1 FY27. PVR INOX rose 1.55% after the multiplex operator reported a profit in Q1 FY27, aided by strong box office collections and higher footfalls. The company reported a consolidated profit after tax of Rs 56.50 crore in Q1 FY27 compared with a loss of Rs 54.50 crore in Q1 FY26. On a sequential basis, PAT declined 69.7% from Rs 186.40 crore reported in Q4 FY26, which included a post-tax gain of Rs 171.40 crore from discontinued operations following the disposal of the business. Revenue from operations increased 11.9% YoY and 4.8% QoQ to Rs 1,622.20 crore in Q1 FY27. Tanla Platforms soared 9.69% after the companys consolidated net profit jumped 20.07% to Rs 142.17 crore on a 17.85% increase in revenue from operations to Rs 1,226.39 crore in Q1 FY27 over Q1 FY26. HEG rallied 3.88% after the companys consolidated net profit climbed 16.71% to Rs 122.34 crore on 11.1% increase in revenue from operations to Rs 680.79 crore in Q1 FY27 over Q1 FY26. Hindustan Petroleum Corporation (HPCL) fell 2.30% after the state-run oil marketing company reported a standalone net loss of Rs 11,526.41 crore in Q1 FY27, compared with a net profit of Rs 4,370.87 crore in Q1 FY26. Waaree Renewable Technologies declined 7.57% after the company reported a 25.58% decline in consolidated net profit to Rs 115.90 crore for the quarter ended 30 June 2026, compared with Rs 155.74 crore in Q4 FY26. IPO Update: Xtranet Technologies received bids for 1,01,08,340 shares as against 91,93,800 shares on offer, according to stock exchange data at 16:51 IST on Thursday (23 July 2025). The issue was subscribed 1.10 times. Lohia Corp received bids for 56,20,370 shares as against 1,43,52,274 shares on offer, according to stock exchange data at 16:51 IST on Thursday (23 July 2025). The issue was subscribed 0.39 times. INDO-MIM received bids for 6,20,51,430 shares as against 5,50,93,201 shares on offer, according to stock exchange data at 16:51 IST on Thursday (23 July 2025). The issue was subscribed 1.13 times. First Published: Jul 23 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 23 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For treatment of sickle cell disease Zydus Lifesciences has received permission to conduct a Phase III clinical trial of Desidustat for patients with sickle cell disease. Conducted in collaboration with the Indian Council of Medical Research (ICMR), the 203-day study will evaluate the efficacy and safety of Desidustat oral tablets in treating anemia. The trial will enrol 164 patients diagnosed with the disease. Sickle Cell Disease is a significant public health concern in India, especially among tribal populations where prevalence is higher. According to National Health Mission estimates, nearly 20 million people live with the condition, and roughly 50,000 children are born with sickle cell anaemia annually. While treatments like hydroxyurea and blood transfusions exist, their limited accessibility, inconsistent effectiveness, and associated risks remain significant challenges. First Published: Jul 23 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Intellect Design Arena announced that a leading Sharjah-based financial institution in UAE driving regional economic growth, has officially signed a strategic partnership with Intellect to completely modernise its corporate banking value proposition. The transformation will replace product-centric legacy silos with a unified, digital-first transaction banking experience designed specifically to scale corporate operations across the region. Through this collaboration, the bank will deploy Intellect's comprehensive front-to-back transactional banking framework. The future-ready implementation includes end-to-end Digital Onboarding, advanced Cash Management (CBX), Virtual Account Management (VAM), Collections, and Liquidity Management. Built on composable, microservices-based eMACH.ai architecture, this infrastructure enables the bank to capture sustainable liabilities and significantly accelerate year-on-year corporate portfolio growth. The transformation will help the bank deliver a seamless digital experience for corporate clients while strengthening its ability to support the UAE's rapidly evolving business ecosystem. First Published: Jul 23 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharat Petroleum Corporation (BPCL) declined 1.21% to Rs 310.70 after the state-run oil marketing company reported a standalone net loss of Rs 3,962.13 crore in Q1 FY27, compared with a net profit of Rs 6,123.93 crore in Q1 FY26. The company posted a pre-tax loss of Rs 5,305.18 crore during the quarter, compared with a profit before tax of Rs 8,156.50 crore in Q1 FY26. Refinery throughput stood at 10.15 million metric tonnes (MMT) in Q1 FY27, down 2.59% from 10.42 MMT in the year-ago period. Meanwhile, domestic sales increased marginally by 0.29% YoY to 13.62 MMT from 13.58 MMT. BPCL said domestic market sales growth stood at 0.29% in Q1 FY27, compared with 3.19% in the corresponding quarter of the previous year. Export sales improved to 0.51 MMT during the quarter from 0.45 MMT in the Q1 FY26. On the profitability front, the company's operating margin deteriorated to negative 4.11% in Q1 FY27 from 5.72% in the corresponding quarter of the previous year, while net profit margin slipped to negative 2.48% from 4.73%. Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing petroleum products. First Published: Jul 23 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bank of Baroda Q1 results preview: Profit likely to grow 14%; NIMs may ease First Published: Jul 23 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Suzlon Energy is powering Waaree Group's maiden wind project in Andhra Pradesh through a 201.6 MW order from Waaree Forever Energies (WFEPL), the group independent power producer (IPP) arm. Under the project, Suzlon will install 64 nos. of its flagship S144 wind turbine generators (WTG) with rated capacity of 3.15 MW each in Andhra Pradesh. Suzlon will deliver its comprehensive EPC offering, covering land acquisition, turbine supply, balance of plant, commissioning and life time operations and maintenance. First Published: Jul 23 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty settled below the 23,900 level. Auto and media shares advanced, while all other sectoral indices ended in the red on the NSE. As per provisional closing data, the S&P BSE Sensex, slipped 363.66 points or 0.47% to 76,391.39. The Nifty 50 index fell 126.65 points or 0.53% to 23,896.60. Over the last four consecutive trading sessions, the Sensex has lost 2.25%, while the Nifty has slipped 1.90%. The broader market underperformed the frontline indices, the BSE 150 MidCap Index dropped 1.01% and the BSE 250 SmallCap Index declined 1.20%. The market breadth was weak. On the BSE, 1,642 shares rose and 2,579 shares fell. A total of 182 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 1.37% to 13.48. In the commodities market, Brent crude for September 2026 settlement rose $4.11 or 4.37% to $98.18 a barrel. IPO Update: The initial public offer (IPO) of Xtranet Technologies received bids for 63,51,180 shares as against 91,93,800 shares on offer, according to stock exchange data at 15:15 IST on Thursday (23 July 2025). The issue was subscribed 0.69 times. The initial public offer (IPO) of Lohia Corp received bids for 28,84,140 shares as against 1,43,52,274 shares on offer, according to stock exchange data at 15:15 IST on Thursday (23 July 2025). The issue was subscribed 0.20 times. The initial public offer (IPO) of INDO-MIM received bids for 4,51,58,460 shares as against 5,50,93,201 shares on offer, according to stock exchange data at 15:15 IST on Thursday (23 July 2025). The issue was subscribed 0.82 times. Buzzing Index: The Nifty Realty index fell 1.81% to 886.70. The index declined 4.38% in the two consecutive trading sessions. Anant Raj (down 4.67%), Sobha (down 3.93%), Brigade Enterprises (down 3.38%), Prestige Estates Projects (down 2.5%) and Godrej Properties (down 1.85%), Oberoi Realty (down 1.77%), DLF (down 1.42%), Lodha Developers (down 1.18%), Aditya Birla Real Estate (down 1.07%) and Phoenix Mills (down 0.84%) declined. Stocks in Spotlight: Nippon Life India Asset Management fell 3.43%. The company has reported 27% increase in consolidated net profit to Rs 503.7 crore on a 26% rise in revenue from operations to Rs 766.9 in Q1 FY27 as compared with Q1 FY26. NTPC Green Energy rose 6.47% after the company's consolidated profit after tax increased 38.3% YoY and 54.6% QoQ to Rs 304.84 crore in Q1 FY27. Revenue from operations increased 62.7% YoY and 21.3% QoQ to Rs 1,106.86 crore in the quarter ended 30 June 2026. Chennai Petroleum Corporation declined 3.04% after the company reported a 27.37% decline in standalone net profit to Rs 1,016.67 crore for the quarter ended 30 June 2026, compared with Rs 1,399.70 crore in Q4 FY26. Revenue from operations (excluding excise duty) rose 62.74% year on year (YoY) to Rs 27,369.27 crore in Q1 FY27. Shares of PVR INOX rose 1.71% after the multiplex operator reported a profit in Q1 FY27, aided by strong box office collections and higher footfalls. The company reported a consolidated profit after tax of Rs 56.50 crore in Q1 FY27 compared with a loss of Rs 54.50 crore in Q1 FY26. On a sequential basis, PAT declined 69.7% from Rs 186.40 crore reported in Q4 FY26, which included a post-tax gain of Rs 171.40 crore from discontinued operations following the disposal of the business. Revenue from operations increased 11.9% YoY and 4.8% QoQ to Rs 1,622.20 crore in Q1 FY27. Eternal added 1.11% after the company reported a 268% surge in consolidated net profit to Rs 92 crore in Q1 FY27, compared with Rs 25 crore in the corresponding quarter last year. Revenue from operations soared 182% YoY to Rs 20,211 crore in the quarter ended 30 June 2026. Dr Reddys Laboratories slipped 1.07% after the company reported a 68.71% YoY decline in consolidated net profit to Rs 443.5 crore in Q1 FY27, compared with Rs 1,417.8 crore in the corresponding quarter of the previous year. Revenue from operations declined 5.55% YoY to Rs 8,070.5 crore in the quarter ended 30 June 2026. Gandhar Oil Refinery (India) surged 19.81% after the company's consolidated profit after tax surged 689.2% year-on-year and 455.7% quarter-on-quarter to Rs 205.9 crore in Q1 FY27. Revenue from operations rose 91.8% YoY and 58.4% QoQ to Rs 1,731.9 crore in Q1 FY27. Tanla Platforms soared 9.87% after the companys consolidated net profit jumped 20.07% to Rs 142.17 crore on a 17.85% increase in revenue from operations to Rs 1,226.39 crore in Q1 FY27 over Q1 FY26. Cipla declined 1.41% after the companys consolidated net profit declined 39.19% to Rs 789.05 crore in Q1 FY27, compared with Rs 1,297.62 crore posted in Q1 FY26. Revenue from operations increased 3.51% YoY to Rs 7,077.02 crore in the quarter ended 30th June 2026. HEG rallied 4.07% after the companys consolidated net profit climbed 16.71% to Rs 122.34 crore on 11.1% increase in revenue from operations to Rs 680.79 crore in Q1 FY27 over Q1 FY26. Hindustan Petroleum Corporation (HPCL) fell 2.34% after the state-run oil marketing company reported a standalone net loss of Rs 11,526.41 crore in Q1 FY27, compared with a net profit of Rs 4,370.87 crore in Q1 FY26. Oracle Financial Services Software (OFSS) declined 0.64%. The company reported a 120.52% increase in consolidated net profit to Rs 1,415.5 crore on a 68.73% rise in revenue from operations to Rs 3,125.2 crore in Q1 FY27 over Q1 FY26. Waaree Renewable Technologies declined 7.78% after the company reported a 25.58% decline in consolidated net profit to Rs 115.90 crore for the quarter ended 30 June 2026, compared with Rs 155.74 crore in Q4 FY26. Global Markets: The Dow Jones index futures were down 236 points, indicating a negative opening for US equities. European markets traded lower on Thursday, dragged by technology stocks following Alphabet's quarterly results, while investors remained focused on developments in the Middle East ahead of the European Central Bank's policy decision. Asian markets ended higher after major U.S. technology companies announced robust capital spending plans, boosting sentiment around chipmakers. However, escalating tensions in the Middle East pushed oil prices to a six-week high. Rising oil prices have also renewed inflationary concerns, pushing short-term U.S. Treasury yields to 17-week highs as traders wager the Federal Reserve may need to raise interest rates sooner rather than later. Brent crude futures climbed above $98 per barrel after the U.S. launched a new round of strikes on Iran and Yemen's Houthis targeted oil tankers in the Red Sea, widening the scope of the conflict. Nearly five months of war have depleted global stockpiles and stoked inflation worldwide, with analysts warning the closure ??of both the Strait of Hormuz and Bab el-Mandeb in the Red Sea would disrupt shipping routes for more than a quarter of the world's oil and gas. Overnight in the US, the S&P 500 ended Wednesday slightly below the flatline, pressured by a rise in oil prices, as investors looked ahead to another busy day of corporate earnings. The broad market index dropped 0.14% to end at 7,498.96, while the Nasdaq Composite slipped 0.57% to 25,690.90. The Dow Jones Industrial Average lost 6.06 points, or 0.01%, and closed at 52,218.58. Alphabet shares slid 3% in extended trading after the Google parent lifted its forecast for 2026 capital expenditures to as high as $205 billion, pointing to strong artificial intelligence demand. The increase comes as investors have grown more cautious in recent months about hyperscalers spending around the AI effort. First Published: Jul 23 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The funding will be used to expand the company's product offerings, partner network and international footprint First Published: Jul 23 2026 | 3:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TVS Motor Company (TVSM), part of TVS VENU, a global leader in the two and three-wheeler segments, today launched the eagerly awaited TVS Orbiter electric scooter in Nepal strengthening its commitment to accelerating electric mobility adoption across international markets. Designed to redefine everyday urban commute, the TVS Orbiter offers an impressive range of 158 km IDC range, cruise control, 34-litre boot space, hill hold assist, and advanced connected features. With an industry-first 14 front wheel, the scooter delivers unmatched comfort, convenience, and performance. Commenting on the launch, Peyman Kargar, President, International Business, TVS Motor Company said, " The introduction of the TVS Orbiter in Nepal marks another significant milestone in our journey to expand the EV ecosystem across markets that are actively embracing sustainable mobility. As countries increasingly transition towards cleaner modes of transportation, we are committed to expanding our EV portfolio and delivering innovative solutions that address evolving customer needs. At TVS Motor Company, our vision extends beyond mobility we are shaping a future that is cleaner, smarter, and more sustainable. The TVS Orbiter embodies this vision by combining purposeful innovation, advanced technology, and everyday practicality. First Published: Jul 23 2026 | 3:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NTPC Green Energy rose 5.82% to Rs 96.61 after reporting strong Q1 FY27 earnings. Revenue from operations increased 62.7% YoY and 21.3% QoQ to Rs 1,106.86 crore in the quarter ended 30 June 2026. Profit before tax stood at Rs 368.32 crore in Q1 FY27, up 32.9% YoY and 48.9% QoQ. Operating EBITDA rose 64% YoY to Rs 989 crore, while the operating EBITDA margin remained stable at 89%. Basal Operating EBITDA, which includes the company's proportionate share of EBITDA from joint ventures, increased to Rs 1,204 crore from Rs 741 crore a year earlier. Finance costs rose 67.0% YoY to Rs 321.51 crore, while depreciation and amortisation expenses increased 53.4% YoY to Rs 342.71 crore. Employee benefits expense rose 87.0% YoY to Rs 23.17 crore, while other expenses increased 47.8% YoY to Rs 94.98 crore. Operationally, the company expanded its renewable energy capacity to 10,671 MW as of 30 June 2026, up 1.6x YoY. The portfolio comprised 9,891 MW of solar capacity and 780 MW of wind capacity. The company commissioned 595 MW of new capacity during the quarter. Renewable power generation increased 65% YoY to 5,753 million units (MU), driven by capacity additions over the past year and new commissioning during the quarter. Solar generation rose 66.8% YoY to 5,126 MU, while wind generation increased 51.4% YoY to 627 MU. The company said its total renewable energy portfolio stood at 30,413 MW, comprising 10,671 MW of operational capacity, 16,318 MW of contracted and awarded projects, and 3,424 MW of projects under development. During the quarter, it secured a 250 MW solar project with battery energy storage on defence land in Uttar Pradesh, while its subsidiary Ayana Renewable Power won a 193 MW wind project under an Madhya Pradesh Power Management Company Limited (MPPMCL) tender. Separately, the board approved the incorporation of a wholly owned subsidiary or special purpose vehicle (SPV) to develop renewable energy projects for commercial and industrial (C&I) customers. The SPV will facilitate captive and group captive project structures, subject to regulatory approvals. The board also granted in-principle approval to invest up to Rs 28.78 lakh in AP NGEL Harit Amrit Limited, the company's 50:50 joint venture with the New & Renewable Energy Development Corporation of Andhra Pradesh, through the subscription of 2,87,755 equity shares, subject to statutory and regulatory approvals. NTPC Green Energy remains India's largest renewable energy public sector enterprise (excluding hydro), with 35 operating solar projects, six operating wind projects and 28 offtakers. First Published: Jul 23 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The US and the EU have both taken measures to support their industries The Indian steel industry must diversify, look for new export markets, and accelerate decarbonisation to remain globally competitive, a government official said on Thursday. The trade landscape is shifting as many countries are taking protective measures to safeguard their industries, Ashwini Kumar, Economic Advisor, Ministry of Steel, said. "Indian steel industry must accelerate decarbonisation, strengthen technology and R&D, and diversify its export markets to remain globally competitive amid a rapidly shifting trade landscape shaped by carbon border measures and tariff actions," he said addressing ASSOCHAM's India Steel Conclave 2026 in the national capital. The US and the EU have both taken measures to support their industries. While the US have invoked Section 232, the EU has introduced measures like CBAM (Carbon border adjustment mechanism) to avoid steel manufactured through high-carbon-emission processes. CBAM means that market access in high-value destinations will increasingly depend not only on the quality and price of the steel, but also on the carbon intensity of the production process. Given the high carbon intensity of Indian steel, it will become difficult for Indian steel exports to the EU, he noted. "I would like to look at it with a positive lens, an opportunity to modernise India's steel industry, improve technology and production processes, significantly reduce emissions and, at the same time, strengthen its long-term global competitiveness. I am confident that with the right policy support, continuous innovation, investment in technology and close collaboration between government and industry, the Indian steel sector will not only overcome these challenges but emerge stronger and more globally competitive," Kumar said. Tushar Makkar, Head Corporate Communications, ArcelorMittal Nippon Steel India (AMNS India), highlighted the need for uninterrupted supply of raw materials amid global situations. "Raw material security continues to be a strategic concern. India remains dependent on imports for approximately 85 per cent of its coking coal requirements, exposing producers to supply-chain disruptions, freight volatility, geopolitical risks and raw-material price fluctuations. At the same time, ensuring predictable and long-term access to iron ore resources remains critical to supporting future capacity expansion," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 23 2026 | 3:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Umeshkumar Mehta, CIO of SAMCO Mutual Fund First Published: Jul 23 2026 | 2:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Delegation from the Ministry of Defence visits PTC Industries’ Strategic Materials Technology Complex (SMTC) in Lucknow (Pic: PTC Industries) First Published: Jul 23 2026 | 2:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 19.57% to Rs 381.60 crore First Published: Jul 23 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 84.77% to Rs 27369.27 crore First Published: Jul 23 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 45.89% to Rs 9.06 crore First Published: Jul 23 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For Titanium Cradle for the 105mm Indian Light Weight Tank PTC Industries has received a design and development order from the Armament Research & Development Establishment (ARDE), a laboratory of the Defence Research and Development Organisation (DRDO), for a Titanium Cradle for the 105mm Indian Light Weight Tank. This is an important milestone as it marks PTC's first order where the Company will be responsible not only for manufacturing, but also for designing and developing the component to be fit for purpose, moving beyond conventional build-to print manufacturing. The Titanium Cradle supports the main gun barrel and breech, provides attachment points for the recoil mechanism and recuperator, and transfers firing and recoil forces safely to the turret structure. The order opens a new area of opportunity for PTC in the design and manufacture of lightweight Titanium components for Indian tanks, artillery systems and other mobility-driven defence platforms. First Published: Jul 23 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total Operating Income rise 25.08% to Rs 2024.92 crore First Published: Jul 23 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of PVR INOX rose 3.10% to Rs 1,023.45 after the multiplex operator reported a profit in Q1 FY27, aided by strong box office collections and higher footfalls. Revenue from operations increased 11.9% YoY and 4.8% QoQ to Rs 1,622.20 crore in Q1 FY27. Profit before tax stood at Rs 75.70 crore in Q1 FY27 against a loss before tax of Rs 63.20 crore in Q1 FY26. On a sequential basis, PBT rose 264% from Rs 20.80 crore in Q4 FY26. The company reported adjusted EBITDA (excluding the impact of Ind AS 116) of Rs 229.60 crore, up 90% YoY, with EBITDA margin expanding to 14% from 8.2% a year earlier. During the quarter, 36.6 million patrons visited PVR INOX cinemas, up 8% YoY. Average ticket price increased 8% to Rs 273, while average food and beverage spend per head rose 9% to Rs 161. Ticket sales grew 16%, while food and beverage sales increased 17% over the year-ago period. PVR INOX turned net cash positive, reporting net cash of Rs 80.70 crore as of 30 June 2026, compared with net debt of Rs 1,430.40 crore at the time of the merger. The company said it will continue its capital-light expansion strategy and remains on track to open 90-100 new screens during FY27. As of 30 June 2026, it operated 1,779 screens across 113 cities in India and Sri Lanka. Commenting on the performance, Ajay Bijli, managing director, said the quarter reflected the structural strength built over the past three years, with broad-based industry growth, improved operating metrics and a net cash-positive balance sheet. He added that a strong pipeline of Hindi, regional and Hollywood releases provides confidence in the theatrical outlook for the remainder of FY27. PVR INOX is an Indian multiplex chain. It was formed in 2023 as a result of the merger between PVR Cinemas and INOX Leisure. First Published: Jul 23 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani Green drops 6% after Q1; Analyst sees Ebitda pressure ahead First Published: Jul 23 2026 | 2:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 23 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 23 2026 | 10:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The RBI noted that India continues to be among the fastest-growing major economies. Although the southwest monsoon has been uneven, comfortable foodgrain stocks are expected to help contain any impact on food inflation. The Bulletin also highlighted strong growth in exports and imports during the first quarter of 2026, reflecting sustained momentum in external trade. This outlook is expected to improve further with the implementation of the IndiaUK Comprehensive Economic and Trade Agreement and progress on other bilateral trade agreements. External vulnerability indicators remain healthy, while the recent recovery in foreign investment reflects renewed confidence in the Indian economy. First Published: Jul 23 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee fell further in opening trades on Thursday, weighed down by soaring oil prices amid escalating concerns on the Strait of Hormuz. Higher oil prices are keeping inflation pressures elevated and reinforcing expectations that interest rates could stay higher for longer. Iran-backed Houthi militants reportedly claimed attacks on two Saudi oil tankers in the Red Sea, raising risks of broader energy supply disruptions, while President Trump warned of strikes on Iranian infrastructure if shipping through the Strait of Hormuz is targeted. INR opened at Rs 96.53 per dollar and hit a low of 96.55 so far during the day. Yesterday, rupee depreciated to 96.53 against the US dollar. Risk aversion in global markets and a negative trend in domestic equities further dented investor sentiments. The NSE Nifty 50 trades at around 23,953.35 (down 0.18%) and the BSE Sensex stands at 76,584.85. Meanwhile, heightened geopolitical tensions are supporting dollar as safe haven demand further pressurizing the local unit. First Published: Jul 23 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shoppers Stop added 2.02% to Rs 384 after the company's consolidated net loss narrowed to Rs 14.25 crore in Q1 FY27 compared with Rs 15.74 crore in Q1 FY26. EBITDA rose 6% to Rs 193 crore in Q1 FY27, from Rs 182 crore posted in corresponding quarter last year. During the quarter, the beauty segment continued to be a key growth driver, with sales rising 15% YoY to Rs 327 crore, supported by a 34% growth in the fragrance category. Global SS Beauty Brands posted sales of Rs 129 crore, registering a robust 53% year-on-year increase. The company's private brands maintained steady momentum, recording 20% growth in average selling price (ASP), aided by portfolio premiumisation, while inventory levels declined 12% year-on-year. INTUNE, the company's value fashion format, delivered sales of Rs 82 crore, up 21% YoY, supported by like-for-like (LFL) growth of 10%. The newly introduced Rs 1,299 price point continued to receive encouraging customer response. Meanwhile, the department stores business generated revenue of Rs 1,242 crore, registering 6% like-for-like growth during the quarter. Shoppers Stop launched 8 new stores during the quarter, comprising 2 department stores, 4 beauty stores and 2 INTUNE outlets, with a capital investment of Rs 44 crore. Kavindra Mishra, MD and CEO, Shoppers Stop, said, We are pleased to report a strong start to FY27 with our Non GAAP Consolidated revenue up 10% YoY to Rs 1,536 crore; EBITDA up 40% YoY and PAT turning positive at Rs 5 crore as compared to a loss of Rs 4 crore in Q1FY26 . Department store revenue grew by 6% LFL. Customer entry grew by 3% LFL, growing for 5 consecutive quarters, reflecting stronger engagement, high service standards and elevated experience. ATV up 10% is a clear testament to our premiumisation strategy. India Weds with Shoppers Stop, The Travel Edit, Get Spotlight Ready with HYBE India and Beauty and Accessories fest helped drive stronger customer connect and business growth. We remain focused on strengthening Shoppers Stops aspirational positioning and expanding in key markets. Demand has sustained through Q1, and better supply chain visibility gives us confidence ahead of the festive season. Shoppers Stop is the nation's leading premier retailer of fashion and beauty brands. First Published: Jul 23 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 23 2026 | 10:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
China risks, diverging pricing trends cloud steel outlook; what's next? First Published: Jul 23 2026 | 10:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Under the revised methodology, the aggregate weight of REITs and realty stocks belonging to the same sponsor, promoter group or corporate group (majority stake) will be capped at 32%. Previously, the index did not have a sponsor-level weight capping criterion. The change will take effect from 24 July 2026, based on the closing prices of 23 July 2026. The revision was approved by the Index Maintenance Sub-Committee (Equity) of NSE Indices. The Nifty REITs & Realty Index tracks the performance of 15 listed REITs and real estate stocks. Constituents are weighted based on free-float market capitalisation, subject to a 15% cap per stock. The index serves as a benchmark for mutual funds and is also used for launching index funds, ETFs and structured products. First Published: Jul 23 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee depreciated by 28 paise to close at 96.53 against the US dollar on Wednesday The rupee rose 5 paise to 96.48 against the US dollar in early trade on Thursday on possible intervention by the Reserve Bank even as heightened tensions in West Asia maintained pressure on global crude oil prices. FII outflows and sustained negative sentiments in the domestic equity markets added pressure on the local unit, while a weaker greenback provided some respite, forex traders said. At the interbank foreign exchange, the rupee opened at 96.53 before inching up to 96.48, up 5 paise from its previous close. The rupee depreciated by 28 paise to close at 96.53 against the US dollar on Wednesday. "State-owned banks were seen selling dollars -- widely viewed as intervention on behalf of the RBI -- around the 96.50 level, preventing a steeper depreciation but the closure remained lower for the rupee on Wednesday. Rupee remains near its all-time closing low and if oil prices keep rising we may see it crossing this level, too," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. The US military announced on Wednesday that it was conducting a 12th night of strikes against Iran as both sides increasingly targeted civilian infrastructure. President Donald Trump warned earlier on Wednesday that the US would destroy one bridge or power plant each time Iran shoots at a ship in the strait. "The rupee is expected to move in the range of 96.50-96.65 in Thursday's session, with risk tilted to the downside, although support from the RBI is likely to limit the losses. Key support would be at 96.10-95.80," Aamir Makda, Commodity & Currency Analyst, Technical Research, Choice Broking, said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.14 per cent at 100.97. Brent crude, the global oil benchmark, was trading 2.26 per cent higher at USD 96.20 per barrel in futures trade. Forex traders said crude oil prices remain elevated amid concerns over the security of oil shipments through the Red Sea and Strait of Hormuz. On the domestic equity market front, Sensex extended losses on Thursday, declining 230.95 points to 76,521.02 in early trade, while Nifty was down 57.15 points to 23,937. Foreign Institutional Investors offloaded equities worth Rs 819.20 crore on a net basis on Wednesday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 23 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gandhar Oil Refinery (India) hit the 20% upper circuit at Rs 283.42 after the company reported a record performance for the quarter ended 30 June 2026 (Q1 FY27). Revenue from operations rose 91.8% YoY and 58.4% QoQ to Rs 1,731.9 crore in Q1 FY27. Gross profit jumped 266% YoY and 171.4% QoQ to Rs 370.5 crore. Gross margin spread expanded 3.4x YoY to Rs 28,145 per kl. EBITDA climbed 512.1% YoY and 342.6% QoQ to Rs 281.3 crore. Profit before tax stood at Rs 263.8 crore in Q1 FY27, up 730% YoY and 402.6% QoQ. Manufacturing volumes increased 8% YoY to 1,31,449 kilolitres (kl) during the quarter. Volumes in the Personal Care, Healthcare and Performance Oils (PHPO) segment rose 17.9% to 68,815 kilolitre (kl) from 58,379 kl a year ago, while Process and Insulating Oils (PIO) volumes increased 27.8% to 17,998 kl from 14,085 kl. Lubricants volumes were largely stable, declining 1.3% to 30,073 kl from 30,482 kl, while sales through channel partners fell 23.6% to 14,360 kl from 18,787 kl. Commenting on the results, Aslesh Parekh, joint managing director, said the company delivered the strongest quarter in its history, reporting its highest-ever quarterly net profit of over Rs 200 crore. He attributed the performance to healthy revenue growth, robust gross margin spreads, agile sourcing, prudent inventory management and a favourable product mix despite crude oil price volatility, geopolitical developments in West Asia and supply chain disruptions. Parekh said strong demand across personal care, healthcare and pharmaceutical sectors continued to drive the PHPO segment, while the PIO business witnessed encouraging traction from transformer, power and rubber manufacturers. The lubricants business remained stable and continued to contribute meaningfully to the company's diversified portfolio. He added that growing exports and deeper engagement with marquee customers supported business momentum during the quarter. The company said it remains watchful of global macroeconomic and geopolitical uncertainties but expects the underlying demand environment to remain encouraging, supported by its focus on value-added products, operational excellence and customer-centric growth. The company announced an interim dividend of Rs 2 per equity share for FY27. Gandhar Oil Refinery (India) is a leading manufacturer of specialty oils and one of India's largest white oil producers by revenue. The company serves consumer and healthcare industries through a diversified customer base and manufactures a wide range of products, including white oils, waxes, petroleum jellies, automotive oils, industrial oils, transformer oils and rubber processing oils, which are marketed under its flagship Divyol brand. First Published: Jul 23 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 23 2026 | 10:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 23 2026 | 9:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Eternal shares rise over 2% post Q1; analysts bullish, see up to 40% upside First Published: Jul 23 2026 | 9:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Kaynes Technology India are banned from F&O trading on 23 July 2026. Earnings to Watch: Infosys, Cipla, Motilal Oswal Financial Services, Meesho, Mphasis, Route Mobile, Vishal Mega Mart PVR Inox, Banaras Beads, Capital Small Finance Bank, Chennai Petroleum Corporation, Cipla, Coromandel International, Indiabulls and Indian Energy Exchange (IEX), Fractal Analytics will declare their results later today. Stocks to Watch: Shoppers Stops consolidated net loss narrowed to Rs 14.25 crore in Q1 FY27 comapred with Rs 15.74 crore in Q1 FY26. Revenue from operations jumped 11.22% YoY to Rs 1,291.41 crore in Q1 FY27. IndusInd Bank reported a 46.51% year-on-year (YoY) increase in standalone net profit to Rs 1,002.50 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 684.25 crore in the corresponding quarter last year. The lender's total income, however, declined 9.19% YoY to Rs 13,095.30 crore during the quarter. Hindustan Petroleum Corporation of India (HPCL) reported consolidated net loss of Rs 11,526.41 crore in Q1 FY27 compared with net profit of Rs 4,370.87 crore in Q1 FY26. Revenue from operations (excluding excise duty) jumped 26.93% YoY to Rs 1,39,889.86 crore in Q1 FY27. Dr Reddys Laboratories consolidated net profit tumbled 68.72% to Rs 443.5 crore in Q1 FY27, compared with Rs 1,417.8 crore in Q1 FY26. Revenue from operations fell 5.56% YoY to Rs 8,070.5 crore in Q1 FY27. Schaeffler India reported 13.47% jump in consolidated net profit to Rs 325.78 crore in Q1 FY27 compared with Rs 287.11 crore in Q1 FY26. Revenue from operations climbed 17.34% YoY to Rs 2,760.55 crore in Q1 FY27. First Published: Jul 23 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 53.23% to Rs 924.25 crore First Published: Jul 23 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.85% to Rs 1226.39 crore First Published: Jul 23 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 10.36% to Rs 2708.00 crore First Published: Jul 23 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Jul 23 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Jul 23 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 10.62% to Rs 2620.55 crore First Published: Jul 23 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 6.70% to Rs 583.51 crore First Published: Jul 23 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 23 2026 | 8:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to Watch today: Infosys, IndiGo, RIL, IndusInd Bk, HPCL, Dr Reddy's First Published: Jul 23 2026 | 8:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 23 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to extend its declining streak as oil prices advanced due to fresh escalation in tension between the US and Iran. First Published: Jul 23 2026 | 7:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 23 2026 | 7:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 23 2026 | 7:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 22 2026 | 11:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Clinics are also witnessing higher demand for advanced semen analysis, sperm DNA fragmentation testing, fertility preservation and surgical sperm-retrieval procedures This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ravi Lambah, Head of Strategic Initiatives and Head of India at Temasek This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Samsung launched three foldable models under the Galaxy Z series on Wednesday, ahead of Apple’s foldable iPhone launch globally in September This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 22 2026 | 9:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The female unemployment rate for those aged 15 and above rose to 5.9 per cent in June from 5.6 per cent a year ago. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 22 2026 | 8:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bandhan Bank First Published: Jul 22 2026 | 7:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 22 2026 | 7:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dr Reddy's Laboratories reported a 68.71% YoY decline in consolidated net profit to Rs 443.5 crore in Q1 FY27, compared with Rs 1,417.8 crore in the corresponding quarter of the previous year. Profit before tax (PBT) dropped 70.98% YoY to Rs 552.6 crore in Q1 FY27. EBITDA slipped 55.72% to Rs 1,008.8 crore in Q1 FY27 compared with Rs 2,278.4 crore in Q1 FY26. EBITDA margin contracted to 12.5% in Q1 FY27 as against 26.7% in Q1 FY26. Revenue from the Global Generics segment declined 4.79% year-on-year to Rs 7,199.3 crore during the quarter. Revenue from the North America business fell 35.38% YoY to Rs 2,204.8 crore, mainly due to lower sales of Lenalidomide. The company launched six new products in the region during the quarter. Revenue from the India business increased 16.76% YoY to Rs 1,717.7 crore, supported by new brand launches, including innovative assets and recently acquired portfolios, along with price increases and higher sales volumes. The company launched seven new brands during the quarter. Revenue from the Europe region grew 13.30% YoY to Rs 1,444 crore, aided by the launch of 24 new generic products. The Emerging Markets segment reported a 30.52% YoY growth in revenue to Rs 1,832.8 crore, driven by new launches, higher volumes and favourable foreign exchange movement. Research and Development (R&D) expenditure stood at Rs 580 crore in Q1 FY27, down 8% year-on-year but up 6% sequentially. R&D expenses accounted for 7.1% of revenue during the quarter, compared with 7.3% in Q1 FY26. The decline was primarily due to lower development spending on biosimilars, while investments remained focused on complex generics, including peptides and biosimilars. Co-Chairman & MD, G V Prasad, said: "Our Q1 FY27 performance reflected the expected transition beyond lenalidomide revenues, along with an unexpected impact related to semaglutide API. However, our underlying base business continued to deliver healthy doubledigit growth across all key geographies. Our focus remains on improving the health of our base business through disciplined execution and operational excellence, while building our future pipeline of peptides, biosimilars, and innovative assets to deliver long-term growth." Meanwhile, the company's board approved the appointment of Dr Sridevi Khambhampaty as Global Head of Biologics and Senior Management Personnel and her induction as a member of the Management Council, effective 22 July 2026. Hyderabad-based Dr Reddys Laboratories is a global pharmaceutical company. It offers a portfolio of products and services including APIs, generics, branded generics, biosimilars and OTC. The scrip slipped 1.95% to settle at Rs 1,183 on the BSE. First Published: Jul 22 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For design, development, and prototype demonstration of SAVIOR-ASW vessel under Make-II category Apollo Micro Systems has been shortlisted and awarded a Make-II Prototype Sanction Order (PSO) by the Indian Navy, in recognition of the Company's established capabilities in indigenous Naval Maritime Electronic Warfare. The project pertains to the design, development, and prototype demonstration of the Semi-Submersible Autonomous Vessel for Intelligence, Operations and Reconnaissance (SAVIOR-ASW) under the Make-II category. SAVIOR-ASW is an unmanned, semi-submersible maritime platform designed for persistent Anti-Submarine Warfare (ASW) surveillance, capable of autonomous operations for extended durations using advanced acoustic sensors, AI/ML-based target classification, and encrypted multi-channel communication systems. The system represents a significant step forward in India's indigenous underwater warfare capability. This is a prestigious and landmark order for the Company marking its formal entry into the domain of autonomous maritime and underwater warfare systems. In accordance with the Make-II category, there is no cost obligation on the Government during the prototype development phase. The Government is committed to procurement upon successful demonstration of the prototype. First Published: Jul 22 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 22 2026 | 7:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Despite the broader weakness, auto and FMCG shares traded in the green, supported by strong June-quarter earnings First Published: Jul 22 2026 | 6:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The board of SunRisers Leeds (SRL) (Previously known as Northern Superchargers), a wholly owned subsidiary of Sun TV Network, at its meeting held on 21 July 2026, has approved a bonus issue of 99,999 equity shares of face value of 1 GBP each to Sun TV Network. Post completion of bonus issue, Sun TV Network will hold 1,00,000 equity shares of face value of 1 GBP each in SRL. There will be no change in the percentage of shareholding of the company in SRL. It will continue to remain a wholly owned subsidiary of the Company. First Published: Jul 22 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 22 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lohia Corp IPO opens on Thursday; analysts rate 'Subscribe' for long-term First Published: Jul 22 2026 | 3:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian online delivery firm Eternal reported a lower-than-expected first-quarter ?profit on Wednesday as intense competition and continued investments in quick-commerce business Blinkit weighed on profitability. The Gurugram-based ?company, which also operates food delivery platform Zomato, posted a consolidated net profit of ?92 crore ($9.53 million) for the ?quarter ended June 30, ?below analysts' estimate of ??258 crore, according ?to LSEG data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 22 2026 | 3:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Paras Defence & Space Technologies said its semiconductor arm, Paras Semiconductors, has signed a memorandum of understanding (MoU) with the Government of Madhya Pradesh. The agreement is aimed at setting up an advanced OSAT (Outsourced Semiconductor Assembly and Test) facility in the state. Under the agreement, the Madhya Pradesh government has allotted 50 acres of land on the UjjainIndore Corridor for the proposed facility. The project entails a proposed investment of Rs 6,200 crore and is aimed at strengthening India's semiconductor manufacturing ecosystem, accelerating the development of semiconductor devices for strategic applications, generating employment, and supporting the growth of a domestic semiconductor ecosystem. Paras Semiconductors, the semiconductor business of Paras Defence & Space Technologies, has been established to develop advanced semiconductor capabilities for strategic and high-performance sensor applications. The company said the facility will leverage advanced semiconductor manufacturing and packaging technologies to produce semiconductor devices for sensor technologies, optical and optronic systems, and other strategic applications. It also has the potential to expand into AI chips and other advanced semiconductor technologies as market opportunities evolve. The initiative builds on Paras Defence's expertise in optics and optronics and marks the group's strategic expansion into critical semiconductor technologies in line with India's semiconductor manufacturing ambitions. Munjal Sharad Shah, Managing Director, Paras Defence & Space Technologies, said, "the signing of this MoU marks a significant milestone in Paras Semiconductor's journey towards building indigenous semiconductor capabilities in India. We are honoured by the confidence and support extended by the Government of Madhya Pradesh and sincerely appreciate the state's progressive vision, industry-friendly policies and commitment to creating an enabling ecosystem for advanced manufacturing. The allocation of land on the Ujjain Indore Corridor reflects the state's intent to foster long-term partnerships with industry. Through this investment, we look forward to contributing to Madhya Pradesh's industrial growth, creating highvalue employment, nurturing a vibrant supplier ecosystem and supporting India's vision of becoming a globally competitive semiconductor manufacturing destination." Santosh Kumar, Chief Executive Officer, Paras Semiconductor, said: "The next phase of India's semiconductor journey will be defined not just by manufacturing capacity, but by the strength of the ecosystems we build around it. The UjjainIndore Corridor presents a unique opportunity to combine world-class infrastructure with a progressive policy environment to create a globally competitive semiconductor ecosystem. Ujjain, the sacred city of Mahakal and one of India's oldest centres of knowledge and civilisation, symbolises a remarkable convergence of heritage and the future. It is an honour for Paras Semiconductors to contribute to this transformation and be part of Madhya Pradesh's vision of building advanced semiconductor capabilities. Through this project, we aim to develop semiconductor devices for strategic applications, strengthen domestic technology capabilities and contribute to India's long-term technological self-reliance." Paras Defence and Space Technologies is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - defence & space optics, defence electronics, heavy engineering, and electromagnetic pulse protection solutions. The companys consolidated net profit rose 63% to Rs 32.15 crore in Q1 FY27 as against Rs 19.72 crore in Q1 FY26. Revenue from operations jumped 58.3% to Rs 171.31 crore in Q1 FY27. The scrip rose 0.70% to Rs 1,224.05 on the BSE. First Published: Jul 22 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Medplus Health Services Ltd, Tips Music Ltd, Marksans Pharma Ltd and Jubilant Ingrevia Ltd are among the other losers in the BSE's 'A' group today, 22 July 2026. Medplus Health Services Ltd, Tips Music Ltd, Marksans Pharma Ltd and Jubilant Ingrevia Ltd are among the other losers in the BSE's 'A' group today, 22 July 2026. Bandhan Bank Ltd tumbled 16.73% to Rs 173.7 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 57.47 lakh shares were traded on the counter so far as against the average daily volumes of 6.08 lakh shares in the past one month. Medplus Health Services Ltd lost 14.51% to Rs 680. The stock was the second biggest loser in 'A' group.On the BSE, 1.54 lakh shares were traded on the counter so far as against the average daily volumes of 32583 shares in the past one month. Tips Music Ltd crashed 12.71% to Rs 621.35. The stock was the third biggest loser in 'A' group.On the BSE, 81024 shares were traded on the counter so far as against the average daily volumes of 27885 shares in the past one month. Marksans Pharma Ltd corrected 7.36% to Rs 241.2. The stock was the fourth biggest loser in 'A' group.On the BSE, 4.28 lakh shares were traded on the counter so far as against the average daily volumes of 1.6 lakh shares in the past one month. Jubilant Ingrevia Ltd plummeted 6.23% to Rs 716.6. The stock was the fifth biggest loser in 'A' group.On the BSE, 2 lakh shares were traded on the counter so far as against the average daily volumes of 1.03 lakh shares in the past one month. First Published: Jul 22 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Xtranet Technologies IPO, consisting entirely of a fresh issue of 13.385 million shares, is priced at ?120-127 apiece. First Published: Jul 22 2026 | 3:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 22 2026 | 3:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stylam Industries surged 11.23% to Rs 3,905.10 after the laminate manufacturer reported a strong set of earnings for the quarter ended 30 June 2026. Revenue from operations increased 15.37% YoY and 15.38% QoQ to Rs 326.47 crore in the June 2026 quarter. Profit before tax increased 57.62% YoY to Rs 65.06 crore in Q1 FY27 from Rs 41.27 crore in Q1 FY26. PBT increased 25.27% QoQ from Rs 51.94 crore in Q4 FY26. On the cost front, total expenses increased 8.31% YoY to Rs 262.64 crore. Cost of materials consumed rose 13.65% YoY to Rs 176.51 crore, while employee benefits expense increased 21.16% YoY to Rs 27.09 crore. Finance costs declined 92.08% YoY to Rs 0.59 crore, while depreciation and amortisation expenses fell 10.7% YoY to Rs 4.43 crore. The company said it is expanding its manufacturing capacity with a new plant in Panchkula, Haryana, which will be its third laminates plant. Operations are expected to commence in August 2026, and construction of the expansion is progressing well. Stylam Industries is a manufacturer of high-pressure laminates (HPL), with a significant export presence across international markets. First Published: Jul 22 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tips Music fell 8.41% to Rs 651.95 after the company reported a 26% decline in standalone net profit to Rs 43.70 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 59.06 crore in Q4 FY26. On a year-on-year basis, standalone net profit declined 4.66%, while revenue from operations increased 20.93% during the quarter. EBITDA declined 5% year-on-year to Rs 53.5 crore in Q1 FY27 from Rs 56.5 crore in the corresponding quarter last year. EBITDA margin narrowed to 50.3% from 64.2% a year earlier. Profit before tax (PBT) stood at Rs 58.30 crore in Q1 FY27, down 27.17% QoQ and 5.24% YoY. During the quarter, the company released 73 songs, including 55 film songs and 18 non-film songs. Among the notable releases, "Chunnari Chunnari Let's Go" and "Tere Paas Main" received strong audience response. Its YouTube subscriber base increased to 158.3 million. Kumar Taurani, chairman & managing director, said, In Q1 FY27, the companys revenue increased 21% over last year to reach Rs 106.5 crore. Our investment in content increased by 90%. The performance was supported by healthy contributions from both digital and non-digital segments. Reinforcing our commitment to enhancing shareholder value, the company has called for a separate board meeting to consider the buyback of shares. Meanwhile, the company's board has deferred the proposal to consider a buyback of fully paid-up equity shares. The proposal will now be taken up at the board meeting scheduled for 5 August 2026. Founded in 1988 by Taurani Brothers, TIPS Music is one of India's leading publicly listed music companies. The company is engaged in the business of creation, acquisition and monetization of audio-video music content in India and overseas through digital licensing on various medium. First Published: Jul 22 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Healthcare Ltd, Regency Ceramics Ltd, Taylormade Renewables Ltd and Unichem Laboratories Ltd are among the other losers in the BSE's 'B' group today, 22 July 2026. Bajaj Healthcare Ltd, Regency Ceramics Ltd, Taylormade Renewables Ltd and Unichem Laboratories Ltd are among the other losers in the BSE's 'B' group today, 22 July 2026. Aastha Spintex Ltd tumbled 19.98% to Rs 103.3 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 17.57 lakh shares were traded on the counter so far as against the average daily volumes of 4.74 lakh shares in the past one month. Bajaj Healthcare Ltd crashed 12.71% to Rs 323. The stock was the second biggest loser in 'B' group.On the BSE, 1.14 lakh shares were traded on the counter so far as against the average daily volumes of 59629 shares in the past one month. Regency Ceramics Ltd lost 12.36% to Rs 33.03. The stock was the third biggest loser in 'B' group.On the BSE, 90 shares were traded on the counter so far as against the average daily volumes of 402 shares in the past one month. Taylormade Renewables Ltd slipped 9.76% to Rs 67. The stock was the fourth biggest loser in 'B' group.On the BSE, 71071 shares were traded on the counter so far as against the average daily volumes of 17406 shares in the past one month. Unichem Laboratories Ltd dropped 9.21% to Rs 532. The stock was the fifth biggest loser in 'B' group.On the BSE, 15631 shares were traded on the counter so far as against the average daily volumes of 56928 shares in the past one month. First Published: Jul 22 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Paper stocks rally up to 20% as Emami Paper reports 6x jump in Q1 PAT First Published: Jul 22 2026 | 2:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 22 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 15.37% to Rs 326.47 crore First Published: Jul 22 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 10.45% to Rs 6582.82 crore First Published: Jul 22 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 119.85% to Rs 1914.98 crore First Published: Jul 22 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 23.49% to Rs 949.76 crore First Published: Jul 22 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank of India has likely used part of the initial inflows from its foreign-currency deposit drive to unwind a portion of its massive foreign exchange forward book, economists said, helping the central bank reduce near-term obligations. The RBI's package of measures aimed at ?supporting the rupee attracted more than $20 billion as of July 17, with more than four-fifths coming from foreign currency non-resident (FCNR) deposits mobilised by banks. Since these dollars are swapped with the RBI for rupees, they would typically be expected to boost India's foreign-exchange reserves. However, reserves rose only by about $3 billion between the introduction of the measures and July 10, the latest date for which reserve data is available. The central bank likely used part of the inflows to offset its short-dollar positions in the forward market, especially in the near-term maturity buckets, according to economists at Citi, ?HDFC Bank and IDFC First Bank. The RBI's net short dollar forward book stood at a record $106.6 billion as of May 31, reflecting its heavy use of forwards to cushion the rupee from volatile oil prices and weak capital flows. Of this, nearly $29 billion was concentrated in near-tenor contracts maturing within three months. June data, due on July 31, will be watched, with any evidence of reduction in the RBI's near-term forward liabilities supporting the view that inflows were used to trim the forward book, Citi said. Market participants keenly track ?the central bank's forward position since it represents future dollar delivery obligations that could limit the central bank's room to intervene in currency markets. Economists pointed out other ?factors that could have caused the slow reserve build-up. Citi cited timing lags in banks swapping ?deposits with the RBI and hedging future coupon payments, while Sakshi Gupta, principal economist at HDFC Bank, pointed to recent dollar sales by the RBI at a time ?when the rupee is weakening from a fresh jump in oil prices. Gaura Sen Gupta, chief economist at IDFC First Bank, added the difference between the inflows mobilised and the ?increase in reserves could reflect investors rebooking existing FCNR deposits, balance-of-payments outflows and valuation losses. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 22 2026 | 2:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indigo Q1 results will be impacted by higher crude oil prices. First Published: Jul 22 2026 | 2:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 6.09% to Rs 301.57 crore First Published: Jul 22 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 21.84% to Rs 560.16 crore First Published: Jul 22 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total Operating Income rise 23.67% to Rs 1287.32 crore First Published: Jul 22 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 22 2026 | 1:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 22 2026 | 1:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 25.19% to Rs 1288.73 crore First Published: Jul 22 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 44.05% to Rs 546.25 crore First Published: Jul 22 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.74% to Rs 477.37 crore First Published: Jul 22 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 25.41% to Rs 6363.27 crore First Published: Jul 22 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 3.56% to Rs 3587.27 crore First Published: Jul 22 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Peace and tranquillity in the border areas is a "pre-requisite" for normal relations between India and China and the ties must be anchored in mutual respect, interest, and sensitivity, External Affairs Minister S Jaishankar told his Chinese counterpart Wang Yi during a meeting in Manila on Wednesday. In the talks, Jaishankar also flagged New Delhi's concerns over issues relating to market access, trade imbalance and uncertainties over supply chains. The two ministers are in the Philippine capital to participate in high-level discussions under the framework of the Association of Southeast Asian Nations (Asean). In the last few months, New Delhi and Beijing unveiled a series of measures to normalise their ties that came under severe strain during the over four-year eastern Ladakh border standoff. "We believe that a stable and cooperative relationship can best be developed on the basis of mutual respect, mutual interest and mutual sensitivity," Jaishankar said in his opening remarks at the meeting. "Such a relationship can make a valuable contribution to a multi-polar Asia and a multi-polar world." The external affairs minister also underlined the importance of maintenance of peace and tranquillity along the Line of Actual Control (LAC). "Peace and tranquillity in the border areas is obviously the pre-requisite for normal ties. Since October 2024, both sides have engaged to ensure that important objective," he said. "This will continue to need our constant attention. Relevant mechanisms in this domain must be given full support and strong encouragement," he added. Jaishankar also emphasised that the differences between the two sides should not become disputes "It is natural that as two large and important nations, and that too proximate neighbours, India and China would have their own particular interests," he said. "That is why our leaders had agreed that differences should not become disputes. It is the responsibility of diplomacy to properly manage them," he added. The external affairs minister also voiced India's concerns relating to bilateral trade and issues relating to supply chains, saying these important dimensions of the ties need to be addressed. "Fair market access and a trade balance ranks high in that regard. There are also concerns about predictability of supply chains. Facilitating both official and people-to-people exchanges merit our attention," he said. "We also need to agree on the meetings of various mechanisms and platforms as per our mutual priorities," he added. Following a series of diplomatic and military talks, the two sides withdrew their troops from several friction points along the Line of Actual Control (LAC) in eastern Ladakh. In October 2024, the two sides firmed up a disengagement pact for Depsang and Demchok, the last two friction points in eastern Ladakh. Days after the agreement was finalised, Prime Minister Narendra Modi and Chinese President Xi Jinping held talks in Kazan and took a number of decisions to improve the ties. In August last year, PM Modi travelled to the Chinese city of Tianjin to attend the annual SCO summit. Modi and Xi held extensive talks on the sidelines of the SCO summit. In the meeting, Modi said India is committed to taking forward its ties with China based on mutual trust, respect and sensitivity. "Since the meeting of our leaders in Kazan in October 2024, relations between India and China have been gradually normalising. This direction was further affirmed when they met in Tianjin last August," Jaishankar said. In his remarks, the external affairs minister also said that the steps taken in last few months must to normalise India-China relations must be welcomed. "This includes resumption of direct flights, updating of the visa regime, restarting the Kailash Manasarovar Yatra, and re-commencing border trade," he said. Jaishankar also noted China's support to various initiatives rolled out under the framework of BRICS grouping. "India is the chair of the BRICS this year. Let me take the opportunity to appreciate the support that China has given to various BRICS activities and initiatives during our chairship," he said. "The global situation is currently extremely complicated. Meeting at an international gathering, it would be appropriate to exchange views on some of its pressing aspects," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 22 2026 | 1:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tech analysts Ajit Mishra and Nandish Shah explain why the Nifty has been rangebound since the June 15 breakout. First Published: Jul 22 2026 | 1:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 22 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In the broader markets, the Nifty MidCap and the Nifty SmallCap were trading 0.59 per cent and 0.92 per cent down, respectively First Published: Jul 22 2026 | 10:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices extended gains on Wednesday as fears of further supply disruptions intensified after US forces struck Iranian military targets for the 11th straight night, while oil tankers made U-turns in the Red Sea after warnings by Iran-backed Houthi militia. Brent crude futures rose $1, or 1.1%, to $92.01 a barrel at 0330 GMT. US West ?Texas Intermediate crude climbed 82 cents, or 1.0%, to $85.16. The gains came after oil settled at a five-week high on Tuesday in the wake of US forces striking targets in southern and western Iran, while Iran attacked US facilities in Bahrain, Kuwait and Jordan. The US military said it began its latest strikes on Iran late on Tuesday in the United States, or early Wednesday in Iran. The US attacks came a short while after the Kuwaiti army said its air defences were intercepting Iranian drones on Wednesday. The constant trading of strikes have raised fears of further disruptions to global energy supplies after Yemen's Iran-aligned Houthis opened a new front in the Iran war by threatening to ?target vessels carrying Saudi oil in the Bab el-Mandeb Strait and announcing a naval blockade of Saudi Arabia. The Bab el-Mandeb waterway at the southern entrance to the Red Sea has become an increasingly important route for Saudi crude exports as traffic through the Strait of Hormuz has fallen sharply since a ceasefire between the United States and Iran collapsed earlier this month. Three oil tankers loaded with Saudi crude for China and India made U-turns in the Red Sea on Tuesday, heading towards the Suez Canal rather than braving the Yemeni coast following a warning from Yemen's Iran-aligned Houthi militia. "This would force tankers to enter and ?exit the Red Sea via the Suez Canal, adding significant time and expense to voyages to Asia," said ING commodity strategists on Wednesday, adding that tensions in the Black Sea also added to supply ?uncertainty. The Caspian Pipeline Consortium has stopped receiving oil from Kazakhstan after suspending loadings on Monday due to attacks ?on oil tankers at its Black Sea terminal blamed on Ukrainian drones. Ukraine has not commented on the attacks. "The longer the suspension drags on, the greater the likelihood that Kazakhstan will be forced ?to curb upstream production," said ING. Meanwhile, data from the American Petroleum Institute showed that US crude and distillate inventories rose last week, while gasoline stockpiles fell, market sources said. The inventory data comes ahead ?of official figures from the US Energy Information Administration on Wednesday. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 22 2026 | 10:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pre-Provisioning Operating Profit (PPOP) increased 29.8% YoY to Rs 1,756 crore. Net interest margin (NIM) increased 21.1% YoY to Rs 2,766 crore, while the NIM margin expanded to 7.3% from 6.7% a year ago. Business assets under management (AUM) grew 12.7% YoY to Rs 1,37,449 crore, while quarterly disbursements rose 21.5% YoY to a record Rs 15,564 crore, driven by strong growth in tractor financing and passenger vehicles. The company said tractor disbursements increased 45% YoY, while passenger vehicle disbursements grew 24% YoY. Non-vehicle finance disbursements, including Mahindra Rural Housing Finance (MRHFL), surged 79% YoY as the company continued to diversify beyond its core vehicle financing business. It added that digital and AI capabilities are improving customer acquisition, operational resilience and collection efficiency. Asset quality improved during the quarter, with Stage 3 assets declining to 3.5% from 3.8% a year ago and Stage 2 assets improving to 4.9% from 5.9%. Collection efficiency remained steady at 95%. Capital adequacy remained healthy at 18.5%, including Tier-I capital of 16.5%. The company maintained a prudent 58% provision coverage on Stage 3 assets and ended the quarter with a liquidity buffer exceeding Rs 14,650 crore. Managing director and CEO Raul Rebello said the company's performance reflected the strength of its franchise, with continued expansion in profitability, resilient asset quality and progress on its growth strategy. He said investments in the core vehicle finance business, new growth engines and technology continue to support profitable and disciplined growth. On a consolidated basis, total income increased 14.2% YoY to Rs 5,725 crore, while profit after tax rose 75.2% YoY to Rs 927 crore. Mahindra & Mahindra Financial Services is one of India's leading non-banking finance companies, offering vehicle and tractor financing, SME lending, home loans, insurance and investment solutions, with a strong presence across rural and semi-urban India. First Published: Jul 22 2026 | 10:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bandhan Bank tumbled 13.78% to Rs 180.05 on 22 July 2026 after the lender lowered its FY27 exit return on assets (RoA) guidance and warned of sustained pressure on margins. The cautious outlook prompted a domestic brokerage to downgrade the stock to 'Hold' from 'Buy', while retaining its target price of Rs 225. The brokerage also cut its FY27 and FY28 earnings estimates by 14% and 6%, respectively, and now expects the bank to deliver RoA of 1% in FY27 and 1.4% in FY28. For the quarter ended 30 June 2026, the bank reported a standalone net profit of Rs 501.67 crore, up 34.9% from Rs 371.96 crore a year earlier but down 6.1% from Rs 534.14 crore in the previous quarter. Net interest income rose 5.9% YoY to Rs 2,921 crore, while net revenue increased 1.2% YoY to Rs 3,524 crore. Net interest margin (NIM) stood at 6.2% in Q1 FY27, down 16 basis points YoY but up 2 basis points sequentially. Total income rose 0.5% YoY and 0.6% QoQ to Rs 6,234.38 crore. Operating profit before provisions and contingencies fell 18.6% YoY and 5.8% QoQ to Rs 1,358.10 crore. Profit before tax stood at Rs 675.52 crore, up 29.5% YoY but down 11.6% QoQ. The bank's provisions and contingencies declined 40.5% YoY to Rs 682.59 crore, although they were marginally higher than the Rs 677.01 crore reported in the March quarter. Gross advances increased 16.4% YoY to Rs 1,55,555 crore, while deposits rose 6.6% YoY to Rs 1,64,886 crore as of 30 June 2026. Retail deposits, comprising CASA and retail term deposits, accounted for 74% of total deposits, while secured advances grew 27% YoY and constituted nearly 57% of the loan book. Asset quality improved during the quarter. Gross NPAs declined to Rs 4,880.95 crore, with the gross NPA ratio improving to 3.15% from 3.27% in the previous quarter and 4.96% a year ago. Net NPAs stood at Rs 1,411.63 crore, while the net NPA ratio eased to 0.93% from 0.97% in Q4 FY26 and 1.36% in Q1 FY26. The provision coverage ratio, including technical write-offs, stood at 85.9%, while collection efficiency for Emerging Entrepreneurs Business (EEB) loans remained at 98.5%. Commenting on the results, managing director and CEO Partha Pratim Sengupta said the bank remains focused on customer-centric and digitally enabled growth by strengthening its distribution network, expanding product offerings, and leveraging data-driven insights to deliver sustainable long-term growth. Bandhan Bank started operations as a universal bank on 23 August 2015. It currently operates nearly 6,400 banking outlets across 35 of India's 36 states and union territories and serves around 3.2 crore customers. First Published: Jul 22 2026 | 10:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On Tuesday, the rupee had settled at 96.25 against the American currency The rupee depreciated 11 paise to 96.36 against the US dollar in early trade on Wednesday as crude oil prices climbed on renewed geopolitical tensions, and demand for the US dollar increased as investors moved toward safe-haven assets. Forex traders said concerns over the security of oil shipments through the Red Sea and Strait of Hormuz continue to support crude oil prices. Moreover, Houthi threats against shipping and ongoing US-Iran hostilities have kept a geopolitical risk premium in the market, they said. At the interbank foreign exchange market the rupee opened at 96.36, registering a fall of 11 paise from its previous close. On Tuesday, the rupee had settled at 96.25 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 101.15 down 0.01 per cent, as the latest escalation in the US-Iran conflict has increased demand for the US dollar as a safe-haven currency. Brent crude, the global oil benchmark, was trading higher by 1.18 per cent at USD 92.08 per barrel in futures trade. RBI's measures to attract overseas deposits have generated significant foreign currency inflows, boosting market confidence and providing support to the rupee, said Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP. Dealers are watching for the RBI's participation through state-owned banks to smooth currency market volatility, Bhansali said. "The central bank appears to be allowing gradual adjustments while preventing disorderly moves," he added. On the domestic equity market front, the 30-share benchmark index Sensex was trading 0.52 per cent down at 77,070.61, while the Nifty fell 0.34 per cent to 24,104.40. Foreign Institutional Investors on Tuesday purchased equities worth Rs 1,650.16 crore, as per exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 22 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 22 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For collaboration on setting up OSAT facility in Madhya Pradesh Paras Semiconductors, a subsidiary of Paras Defence and Space Technologies has signed a Memorandum of Understanding (MoU) with Department of Science and Technology acting through MP State Electronics Development Corporation (MPSeDC). Paras Semiconductors and MPSeDC will integrate their respective expertise and resources to collaboratively facilitate the establishment of a greenfield advanced IC packaging OSAT (Outsourced Semiconductor Assembly and Test) facility in Madhya Pradesh. Paras Semiconductors will set up a greenfield advanced IC packaging OSAT facility in Indore-Ujjain, Madhya Pradesh, with a proposed investment of approx. Rs. 6,200 crore. The facility will undertake advanced packaging operations including 3D heterogeneous integration, 2.5D/3D advanced packaging, hybrid bonding, ultra-high-density fan-out packaging, chiplet integration, wafer bumping, flip-chip assembly, testing and reliability. First Published: Jul 22 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The S&P 500, Dow and Nasdaq advanced as Micron, Nvidia, 3M, Hasbro and GM posted strong gains, while higher oil prices and Treasury yields kept inflation and interest rate risks in focus. The S&P 500 climbed 0.9%. The Dow Jones Industrial Average added 385 points (0.7%) and the Nasdaq composite rose 1.3%. The gains came despite more climbs for oil prices, and Brent crude oil briefly got near $92 per barrel for the first time in more than five weeks because of continued attacks between the United States and Iran. It later pared its gain to 2% and settled at $91.01. Thats up from less than $72 early this month, which is roughly where it was before the war with Iran. Rising oil prices are threatening a re-acceleration of inflation, just as increases for prices were slowing more than economists expected that in turn could push the Federal Reserve and other central banks to raise interest rates which would slow economies and undercut prices for stocks and other investments. On Wall Street, several stronger profit reports from big U.S. companies helped stocks to strengthen despite the added pressure. 3M climbed 7.3% after topping analysts expectations for both profit and revenue in the latest quarter. It also raised its forecast for profit over the full year of 2026. Hasbro rallied 8.8% after the toy maker said its Magic: The Gathering game topped $500 million in revenue for a quarter for the first time. It also raised its revenue forecast for the year. Micron Technology jumped 12.2% and Nvidia added 2% and they were the two strongest forces lifting the S&P 500. General Motors cruised 4.9% higher after the automakers profit and revenue for the latest quarter beat analysts expectations and CEO Mary Barra said demand in North America remains strong. Companies broadly are under pressure to deliver strong growth in profit and revenue because of how high their stock prices have shot. Indexes are near their records, even with the recent shakiness for AI stocks. In Asia, stocks swung more. South Koreas Kospi jumped 3.6% on strong gains for its two dominant stocks. Both Samsung Electronics and SK Hynix have been big beneficiaries of the AI boom, and the Kospi has soared 60% so far this year even with its 20% drop through July. Tokyos Nikkei 225 climbed 3.3% after returning from Mondays holiday, while indexes rose 1.8% in Shanghai and edged down by less than 0.1% in Hong Kong. The yield on the 10-year Treasury rose to 4.63% from 4.60% late Monday and from just 3.97% before the war with Iran began. Homebuilder D.R. Horton slipped 0.9% despite topping profit and revenue expectations for the latest quarter. First Published: Jul 22 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bandhan Bank stock crashed 14% in Wednesday's intra-day deals post Q1 results. First Published: Jul 22 2026 | 10:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Jul 22 2026 | 10:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 22 2026 | 9:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 21 July 2026 Post amalgamation both the entities will cease to exist as separate entities and will form a single entity under the name Crisil PriceMetrix Inc. First Published: Jul 22 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Street cheers TVS Motor's Q1 beat; stock gains 3%, analysts see 15% upside First Published: Jul 22 2026 | 9:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Kaynes Technology India are banned from F&O trading on 22 July 2026. Earnings To Watch: Nestle India, Dr. Reddy's Laboratories (DRL), Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporations (HPCL), Eternal, Shoppers Stop, Tips Music, Tata Communications, United Spirits, IndusInd Bank, Adani Green Energy, Adani Power, Aye Finance, CSB Bank, JSW Energy will declare their Q1 result lalter today. Stocks to Watch: Bandhan Banks standalone net profit jumped 34.87% to Rs 501.66 crore in Q1 FY27, compared with Rs 371.96 crore in Q1 FY26. Total income rose 0.53% YoY to Rs 6234.38 crore in Q1 FY27. TVS Holdings consolidated net profit climbed 81.87% to Rs 610.25 crore on 34.01% increase in revenue from operations to Rs 17,076.18 crore in Q1 FY27 over Q1 FY26. IndiaMART InterMESHs consolidated net profit jumped 12.17% to Rs 172.23 crore on 11.37% rise in revenue from operations to Rs 414.37 crore in the quarter ended 30th June 2026 compared with quarter ended 30th June 2026. JSW Infrastructures consolidated net profit declined 9.89% to Rs 346.63 crore despite 17.19% jump in revenue from operatons to Rs 1,444.83 crore in Q1 FY27 over Q1 FY26. Masteks consolidated net profit fell 0.25% YoY to Rs 105.88 crore in Q1 FY27. Revenue from operations increased 7.71% YoY to Rs 985.25 crore in Q1 FY27. In dollar terms, revenue stood at $104.8 million, up 1.2% QoQ and down 2.4% YoY. First Published: Jul 22 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty July 2026 futures currently traded 1.00 point higher, suggesting a flat opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 1,650.16 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 656.88 crore in the Indian equity market on 21 July 2026, provisional data showed. The FIIs have sold shares worth Rs 4,017.75 crore so far in July (till 21 July 2026). This follows their cash sales of Rs 49,028.63 crore in June, Rs 55,963.33 crore in May and Rs 70,135.46 crore in April. Global Markets: Asian markets traded in the green on Wednesday as investors took cues from a rebound in U.S. ?markets, shrugging off climbing oil prices as Houthi rebels threatened to open a front in the widening Middle East conflict. In the commodity markets, brent crude nudged 0.6% higher to $91.55 a barrel after two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea on Tuesday after threats of ??attack from Yemen's Iran-aligned Houthis. Overnight in the US, the S&P 500 fell on Monday as oil prices advanced in response to the latest bout of military exchanges between the U.S. and Iran. The broad market index dropped 0.19% to close at 7,443.28, while the Nasdaq Composite lost 0.05% and ended at 25,508.07. The Dow Jones Industrial Average fell 307.16 points, or 0.59%, to 51,839.26. The U.S. completed its ninth consecutive day of strikes on Iran overnight, but investor sentiment improved by midmorning in London after Iranian Foreign Ministry spokesman Esmail Baghaei lifted hopes for a diplomatic settlement. Baghaei was quoted by the media saying that intermediaries had continued to exchange messages with Iran amid the latest round of U.S. strikes, and said negotiations between the two adversaries could be pursued based on national interests. Domestic Market: Key equity benchmarks ended lower on Tuesday, with the Nifty closing below the 24,200 mark, weighed down by higher crude oil prices, continued FII selling, and weakness in HDFC Bank. Brent crude hovered around $90 a barrel amid ongoing Middle East tensions, fuelling concerns over inflation and corporate margins. Despite the decline in benchmark indices, midcap and smallcap stocks outperformed on stock-specific earnings optimism. Among sectoral indices, auto and metal shares advanced, while PSU banks, IT and energy stocks ended lower. The S&P BSE Sensex declined 238.41 points or 0.31% to 77,470.11. The Nifty 50 index fell 50.80 points or 0.21% to 24,187.70. First Published: Jul 22 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 27.56% to Rs 1075.39 crore First Published: Jul 22 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 160.84% to Rs 16.12 crore First Published: Jul 22 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 36.58% to Rs 152.77 crore First Published: Jul 22 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 37.41% to Rs 259.29 crore First Published: Jul 22 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 106.23% to Rs 113.51 crore First Published: Jul 22 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold climbed to a nearly two-week high on Wednesday as technical buying lifted prices, while investors awaited next week's US Federal Reserve meeting for clues on the interest rate outlook and monitored the ongoing Middle East ?conflict. Spot gold rose 0.9 per cent to $4,113.73 per ounce, as of 0123 GMT, having climbed to its highest since July 10. US gold futures for August delivery jumped 1.1 per cent to $4,119.1. Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea on Tuesday after threats from Yemen's Iran-aligned Houthis, as a widening Middle East conflict disrupted shipping through two of the world's most critical energy chokepoints. In a sign that diplomacy remains alive, Iran's Interior Minister Eskandar Momeni visited mediator Pakistan and asked Islamabad to continue its efforts. Oil ?prices climbed more than 1 per cent and were trading near their highest levels in six weeks. The Federal Reserve will keep its key interest rate steady for the rest of 2026 to tackle a five-year-long inflation problem, according to the median forecasts of economists in a Reuters poll. Canadian Prime Minister Mark Carney said he and US President Donald Trump agreed to intensify trade negotiations after speaking on Tuesday, but warned he would consider all options if the tariffs Trump threatened on Monday go ahead. Two ?senior Howden brokers gave evidence in a private London hearing after a US court sought their testimony for use in litigation over a disputed insurance claim stemming ?from losses at Newmont Corporation's Ahafo gold mine in Ghana, court documents show. Sibanye ?Stillwater said on Tuesday it is appealing against a recent United States International Trade Commission ruling that imports of Russian palladium do not pose an imminent threat ?to US production of the metal. Elsewhere, spot silver gained 1.8 per cent to $59.82 per ounce, platinum added 1.6 per cent at $1,655.61 and palladium rose 1.6 per cent to $1,302.25. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 22 2026 | 8:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Recent price hikes, however, are unlikely to fully offset higher palm oil and crude-linked input costs Indian consumer goods companies are expected to report pressure on first-quarter profit margins, as the Iran war-fuelled higher raw material costs outweighed benefits from resilient demand and price hikes, brokerages said. The results will help investors assess how effectively companies have used price ?hikes and pack-size reductions, while management commentary on rural demand, monsoon progress and input-cost inflation will also be closely watched. Marico and Godrej Consumer Products are among the most frequently preferred stocks across brokerages ahead of the earnings season that Nestle India kicks off on July 22. Since the onset of the West Asia conflict at the end of February, costs of key inputs like palm oil and packaging materials have risen, prompting price hikes and pack-size cuts. Brokerages expect resilient demand, supported by an extended summer, improving rural ?consumption and premiumisation, to drive sales growth, with beverages, personal care and quick-commerce channels remaining key growth drivers. Recent price hikes, however, are unlikely to fully offset higher palm oil and crude-linked input costs. Systematix's outlook for the top consumer staples companies notes about 12 per cent revenue growth, driven by roughly 7 per cent volume growth and 5 per cent from price hikes and pack-size reductions. Recent pricing and pack-size changes have narrowed, but not fully closed, the gap created by higher raw material costs, leaving margins under pressure as companies work ?through high-cost inventory, said Dhananjay Sinha, Systematix CEO and co-head of Institutional Equities. Jefferies expects more price hikes, while Investec forecasts double-digit revenue growth but sequential margin contraction ?due to crude-linked inflation. CLSA also expects gross margins to shrink sequentially, while HSBC said resilient ?demand should support steady sales growth even as investors monitor the impact of weather on rural consumption. Several analysts expect margins to improve in the second half ?of the fiscal year if crude-linked and edible-oil costs stabilise at lower levels. The Nifty FMCG index has fallen 11.82 per cent so far in 2026, compared with a 7.43 per cent decline ?in the benchmark Nifty 50. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 22 2026 | 8:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to extend losses. Pharma shares in focus after US delayed imposing 100 per cent tariff on imports of generic drugs. First Published: Jul 22 2026 | 8:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to Watch today: Eternal, Nestle, BPCL, Anant Raj, OMCs, pharma First Published: Jul 22 2026 | 8:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 22 2026 | 7:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 22 2026 | 7:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty outlook & trading ideas: 24,000 key support; LTF, HAL top picks First Published: Jul 22 2026 | 7:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 22 2026 | 7:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 21 2026 | 11:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Samsung Electronics First Published: Jul 21 2026 | 11:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajay Mohanty First Published: Jul 21 2026 | 10:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Microstimuli: The New Science of Persuasion This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A depreciating rupee, therefore, should not automatically be read as a sign of economic collapse. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India should simplify FPI rules without weakening beneficial ownership norms, while prioritising long-term FDI over short-term portfolio inflows to strengthen the economy. | Illustration: Ajaya Kumar Mohanty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani Energy Solutions on Tuesday posted a more than twofold rise in consolidated net profit to Rs 1,236.56 crore in the April-June quarter compared to the year-ago period on higher revenues. The consolidated net profit stood at Rs 538.94 crore in the quarter ended on June 30, 2025, an exchange filing showed. Total income rose to Rs 9,852.20 crore in the quarter from Rs 7,025.49 crore in the same period a year ago. Revenue from the transmission business rose to Rs 3,335.26 crore from Rs 2,188.19 crore a year ago. The revenue from the distribution business increased to Rs 3,520.43 crore from Rs 3,359.84 crore a year ago. The Energy Solutions Platform segment grew to Rs 1,906.83 crore in the quarter from Rs 209.71 crore a year ago. Smart meter business also expanded to Rs 346.99 crore in the quarter from Rs 112 crore a year ago. "AESL has delivered a robust start to FY27, driven by strong financial performance and continued operational excellence across our core businesses. During the quarter, we further strengthened our growth platform through the proposed acquisition of IntelliSmart, a strategic step towards building India's leading smart metering platform," said Kandarp Patel, CEO, Adani Energy Solutions, in a statement. He added that the Energy Solutions Platform has now gathered momentum, supported by significant renewable energy tie-ups and growing consumer stack across utilities, Commercial & Industrial and data centre segments. AESL has a robust project pipeline of 13 projects worth Rs 71,779 crore to be executed in the transmission business. The distribution business recorded a steady business performance. Adani Electricity Mumbai Ltd's (AEML) Regulated Asset Base (RAB) stands at Rs 10,353 crores (Equity of Rs 5,485 crores and Debt of Rs 4,867 crores) as of Q1FY27, recording a growth of 9.7 per cent YoY. Total (electricity) units sold in the Mumbai circle increased by 11 per cent from 2,939 MUs (million units) in Q1FY26 to 3,260 MUs in Q1FY27. The MPSEZ (Mundra) Utility Ltd's (MUL) units sold grew 57 per cent YoY to 425 MUs vs 272 MUs last year, driven by strong industrial and commercial demand. The distribution loss in the AEML network was at 5.16 per cent in Q1FY27, impacted by extreme heatwave conditions resulting in higher energy consumption and an increase in distribution loss. AESL announced the proposed acquisition of IntelliSmart, strengthening its smart metering business and positioning itself to become India's largest smart metering platform with a portfolio of 47+ million smart meters. AESL, part of the Adani portfolio, has a presence in various facets of the energy domain, namely power transmission, distribution, smart metering, and cooling solutions. It is the country's largest private transmission company, with a presence across 16 states of India and a cumulative transmission network of 27,949 ckm (circuit kilometre) and 1,23,175 MVA transformation capacity. In its distribution business, AESL serves more than 13 million consumers in metropolitan Mumbai and the industrial hub of Mundra SEZ. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 21 2026 | 8:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 21 2026 | 7:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 21 2026 | 7:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The domestic currency settled at 96.24 per US dollar against the previous close of 96.45 per dollar, after touching an intraday high of 96.13 per dollar. First Published: Jul 21 2026 | 7:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IndiaMART InterMESH reported a 12.18% increase in consolidated net profit to Rs 172.2 crore for the first quarter ended 30 June 2026, compared with Rs 153.5 crore in the corresponding quarter last year. Profit before tax (PBT) increased 13.63% YoY to Rs 231.7 crore during the quarter. EBITDA rose 10% YoY to Rs 146 crore, while the EBITDA margin stood at 35%. Customer collections grew 8% YoY to Rs 463 crore, comprising IndiaMART standalone collections of Rs 402 crore and Busy Infotech collections of Rs 59 crore. Deferred revenue as of 30 June 2026 increased 16% year-on-year (YoY) to Rs 2,014 crore, comprising Rs 1,858 crore from IndiaMART's standalone business and Rs 146 crore from Busy Infotech. On a standalone basis, net profit rose 6.08% to Rs 176.1 crore, while revenue from operations increased 8.54% to Rs 375.9 crore in Q1 FY27 compared with the corresponding quarter last year. During the quarter, IndiaMART recorded 26 million unique business enquiries. Supplier storefronts increased 5% YoY to 8.8 million, while the number of paying suppliers stood at 218,000 at the end of the quarter. Dinesh Agarwal, chief executive officer, said, We continued our emphasis on sustainable growth and elevating overall marketplace experience by building a highly trusted, reliable environment for our buyers and sellers. By prioritizing platform trust, we are fostering deeper, more meaningful engagement across our marketplace. Deployment of AI, from standardized cataloging and intelligent matchmaking to advanced conversational tools, is streamlining user interactions and driving efficiency. With a robust business model and strong cash generation, we remain confident in our ability to create long-term value for all our stakeholders. Meanwhile, the company's board approved the proposal to incorporate a wholly owned subsidiary, IndiaMART Finance, subject to the necessary regulatory approvals. The proposed subsidiary will primarily aim to strengthen user trust, engagement, and retention on the IndiaMART platform by facilitating short-term working capital and other financial requirements of business users. IndiaMART is India's largest online B2B marketplace for business products and services. IndiaMART makes it easier to do business by connecting buyers and sellers across product categories and geographies in India. IndiaMART provides ease and convenience to the buyers by offering a wide assortment of products and a responsive seller base while offering lead generation, lead management and business enablement solutions to its sellers. The counter shed 0.74% to Rs 1,919.15 on the BSE. First Published: Jul 21 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 21 2026 | 4:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty settled below the 24,200 level. Auto, realty and metal shared advanced while PSU bank, IT and oil & gas shares declined. As per provisional closing data, the S&P BSE Sensex declined 238.41 points or 0.31% to 77,470.11. The Nifty 50 index fell 50.80 points or 0.21% to 24,187.70. Over the last two consecutive trading sessions, the Sensex has lost 0.87%, while the Nifty has slipped 0.60%. The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.34% and the BSE 250 SmallCap Index rose 0.19%. The market breadth was positive. On the BSE, 2,194 shares rose and 2,015 shares fell. A total of 199 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 2.92% to 12.60. In the commodities market, Brent crude for September 2026 settlement rose 28 cents or 0.31% to $89.50 a barrel. New Listing: Shares of SBI Funds Management settled at Rs 609.90 on the BSE, representing a premium of 6.25% as compared with the issue price of Rs 574. The stock debuted at Rs 610, marking a premium of 6.27% to the issue price. The stock has hit a high of Rs 625 and a low of Rs 599. On the BSE, over 91.23 lakh shares of the company were traded in the counter. Shares of Alpine Texworld settled at Rs 99.75 on the BSE, representing a discount of 5% as compared with the issue price of Rs 105. The stock had a flat market debut, listing at Rs 105, equal to its issue price. The stock has hit a high of Rs 105 and a low of Rs 99.75. On the BSE, over 1.12 lakh shares of the company were traded in the counter. IPO Update: The initial public offer (IPO) of Caliber Mining and Logistics received bids for 1,05,37,61,100 shares as against 78,35,821 shares on offer, as per NSE data as of 15:15 hours on Tuesday (21 July 2026). The issue was subscribed 134.48 times. The issue opened for bidding on Friday (17 July 2026) and it will close on Tuesday (21 July 2026). The price band of the IPO is fixed between Rs 402 to Rs 424 per share. The minimum order quantity is 35 equity shares. Economy: India's core sector output growth accelerated to a five-month high of 5% year-on-year in June, up from 3.2% in May, supported by a sharp surge in iron ore production and sustained expansion in cement and electricity. Iron ore production recorded the strongest growth at 43.9% year-on-year in June, followed by cement and electricity, both of which grew 9.8%. Steel output increased 4.6%, while coal production rose 1.4%.However, weakness persisted in the energy segment, with crude oil, natural gas and refinery products contracting 4.2%, 7.4% and 4.7%, respectively. Fertiliser production also remained subdued, declining 3.3% for the fourth consecutive month. During the AprilJune quarter, cumulative core sector growth improved to 3.6% from 1% a year earlier, although growth under the revised series for FY26 stood at 3%, lower than 4.3% recorded in FY25. Buzzing Index: The Nifty PSU Bank index fell 0.88% to 8,538.95. The index jumped 3.20% in the past two consecutive trading sessions. Bank of Baroda (down 2.86%), State Bank of India (down 1.59%), Canara Bank (down 1.16%), Indian Bank (down 0.5%) and Punjab & Sind Bank (down 0.4%), Central Bank of India (down 0.22%) declined. On the other hand, Bank of Maharashtra (up 1.55%) ,UCO Bank (up 0.75%) and Indian Overseas Bank (up 0.54%) turned up. Stocks in Spotlight: Bajaj Auto fell 1.05%. The company's standalone profit after tax (PAT) rose 42.3% year-on-year to Rs 2,983 crore in Q1 FY27, while revenue from operations surged 37.0% YoY to a record Rs 17,244 crore. On a sequential basis, PAT increased 8.6% from Rs 2,746 crore and revenue grew 7.7% compared with Q4 FY26. SML Mahindra surged 2.89% after the company reported a 17.38% rise in standalone net profit to Rs 63.62 crore for the first quarter ended 30 June 2026, compared with Rs 54.20 crore posted in Q4 FY26. Revenue from operations rose 6.67% QoQ to Rs 957.54 crore in the quarter ended 30 June 2026. On a year-on-year (YoY) basis, standalone net profit declined 4.98%, while revenue from operations rose 13.19% in the quarter ended 30 June 2026. TVS Motor Company rallied 5.60% after the company reported a 51.35% increase in standalone net profit to Rs 1,173.97 crore in Q1 FY27, compared with Rs 775.65 crore in Q1 FY26. Revenue from operations rose 38% to Rs 13,896 crore in Q1 FY27 from Rs 10,081 crore in Q1 FY26. The company said that its board has approved the allotment of 50,000 senior, rated, unsecured, listed, redeemable, non-convertible debentures (NCDs) of the face value of Rs 1 lakh each, for an aggregate amount of Rs 500 crore. Karur Vysya Bank surged 12.86% after the private sector lender reported a 44.92% rise in standalone net profit to Rs 755.70 crore for the quarter ended 30 June 2026, compared with Rs 521.45 crore in Q1 FY26. Total income increased 15.76% to Rs 3,491.21 crore in Q1 FY27 from the year-ago period. Canara HSBC Life Insurance surged 3.20% after the insurer reported strong Q1 FY27 results. The company's consolidated profit after tax increased 20.15% YoY to Rs 28.14 crore in Q1 FY27. PAT declined 18.97% QoQ from Rs 34.73 crore in Q4 FY26. Total income rose 20.03% YoY to Rs 4,382.86 crore in Q1 FY27. On a sequential basis, total income increased 237.96% from Rs 1,296.86 crore in Q4 FY26. One 97 Communications (Paytm) fell 3.58% after the company's board decided not to proceed with a proposed bonus issue, despite reporting strong Q1 FY27 earnings. The board said it had evaluated the proposed bonus issue from the perspective of long-term shareholder value and, after due deliberation, decided not to proceed with it at this stage. The company said it will continue to focus on compounding growth and profitability to create long-term shareholder value. The digital payments and financial services company reported a consolidated net profit of Rs 220 crore in Q1 FY27, up 78.86% YoY and 20.22% QoQ. Revenue from operations rose 27.63% YoY and 8.13% QoQ to Rs 2,448 crore in the quarter ended 30 June 2026. BlueStone Jewellery and Lifestyle soared 19.52% after the company reported consolidated net profit of Rs 11.13 crore in Q1 FY27 compared with a net loss of Rs 32.78 crore in Q1 FY26. Revenue from operations rose 48.85% year-on-year to Rs 733.19 crore in Q1 FY27. Kirloskar Pneumatic Company declined 6.56% after the company reported a 76.77% decline in consolidated net profit to Rs 33.4 crore for the first quarter ended 30 June 2026, compared with Rs 143.8 crore posted in Q4 FY26. Revenue from operations dropped 57.41% QoQ to Rs 303.1 crore in the quarter ended 30 June 2026. AstraZeneca Pharma India rose 0.35%. The company said Bhavana Agrawal has resigned as Executive Director and Chief Financial Officer (CFO), effective at the close of business hours on 31 August 2026. Global Markets: The Dow Jones index futures were up 184 points, indicating a positive opening for US equities. European markets traded higher on Tuesday as investors weighed a proposed 10-day US-Iran ceasefire against fresh attacks on shipping in the Strait of Hormuz, while stronger-than-expected UK labour market data and lower June public borrowing presented a mixed picture of the domestic economy. UK unemployment fell to 4.9% in the three months to May, down 0.1 percentage points from the previous quarter and below the 5% forecast, according to the Office for National Statistics (ONS). Employment increased by 148,000 during the quarter. Asian stocks ended higher as mediation efforts in the Middle East pushed oil prices away from a one-month high. Yemen's Iran-aligned Houthis said they would impose a naval blockade on Saudi Arabia, a move that could further disrupt energy supplies, amid attacks involving the US and Iran, even as efforts continued to revive a fragile ceasefire. A senior Iranian official was quoted by media reports as saying that Tehran had received a proposal from mediators for a 10-day ceasefire, aimed at paving the way for a broader agreement to end the conflict that began on 28 February following US-Israeli attacks on Iran. Investor focus this week will be on quarterly earnings from Alphabet, Intel and other major companies to assess the impact of the conflict and whether the AI-driven rally has further room to run amid elevated expectations for second-quarter profits. Strong earnings from Asian chipmakers Samsung Electronics and TSMC in recent weeks were not enough to satisfy investor expectations, underscoring the challenges facing the semiconductor industry. Overnight in the US, Wall Street's three major indices ended lower as investors monitored developments in the Middle East and awaited earnings reports from major technology companies due later this week. The Dow Jones Industrial Average fell 307.16 points, or 0.59%, to 51,839.26. The S&P 500 declined 14.41 points, or 0.19%, to 7,443.28, while the Nasdaq Composite slipped 12.17 points, or 0.05%, to 25,508.07. First Published: Jul 21 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zen Technologies rose 3.93% to Rs 1,819.70 after the company announced that it had secured an order worth Rs 177.5 crore (including GST) from the Ministry of Defence, Government of India. The company clarified that the order does not constitute a related-party transaction and that neither its promoters nor members of the promoter group have any interest in the award of the contract. Zen Technologies provides defence training and anti-drone solutions. It builds training systems for imparting defence training and measuring the combat readiness of security forces. With a dedicated R&D (recognised by the Ministry of Science and Technology, Government of India) and production facility in Hyderabad, the company has applied for over 180+ patents and shipped more than 1,000 training systems around the world. The company has reported a 68.8% drop in consolidated net profit to Rs 31.53 crore on a 45.2% fall in net sales to Rs 178.08 crore in Q4 FY26 as compared with Q4 FY25. First Published: Jul 21 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Granules India has reported 60% jump in net profit to Rs 180 crore on a 22% increase in revenue to Rs 1,476.8 crore in Q1 FY27 as compared with Q1 FY26. EBITDA improved by 37% to Rs 338.9 crore in Q1 FY27 from Rs 246.7 crore in Q1 FY27. EBITDA margin for June 2026 quarter was 22.9%, up 256 basis points YoY. Profit before tax in Q1 FY27 stood at Rs 240.4 crore, up by 66.4% from Rs 144.5 in Q1 FY26. Dr. Krishna Prasad Chigurupati, chairman & managing director of Granules India, said: Our focus remains firmly on regulatory and quality excellence, portfolio transformation toward complex and differentiated products, geographic and customer diversification and scaling new growth engines. While external cost pressures and supply chain volatility require continuous management for next couple of quarters, we are continuing to invest in R&D largely towards Complex Gx, digitalization, operational excellence, sustainability and talent to support long-term value creation. Granules India is a vertically integrated fast growing Indian pharmaceutical company. The company manufactures active pharmaceutical ingredients (APIs), pharmaceutical formulation intermediates (PFIs), finished dosages (FDs) and peptides CDMO. It has a global presence extending to over 80 countries with offices across India, US, and UK. The scrip shed 0.55% to end at Rs 871.10 on the BSE today. First Published: Jul 21 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Real estate investments rise despite global uncertainty; office remains top bet Representative Picture First Published: Jul 21 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kirloskar Pneumatic Company declined 5.72% to Rs 1,624 after the company reported a 76.77% decline in consolidated net profit to Rs 33.4 crore for the first quarter ended 30 June 2026, compared with Rs 143.8 crore posted in Q4 FY26. On a year-on-year (YoY) basis, however, consolidated net profit rose 25.56%, while revenue from operations increased 7.59% during the quarter. Profit before tax (PBT) stood at Rs 44.7 crore in Q1 FY27, declining 76.17% QoQ but rising 31.47% YoY. The company reported EBITDA of Rs 54 crore in Q1 FY27, up 29% YoY from Rs 42 crore in the corresponding quarter last year. EBITDA margin improved to 17.3% from 14.4% a year earlier. Kirloskar Pneumatic said its order book stood at Rs 1,853 crore as of 1 July 2026, compared with Rs 1,863 crore at the beginning of the financial year. Aman Kirloskar, managing director, KPCL, said, While revenue growth during the quarter was modest, the company maintained a stable business performance in a dynamic operating environment. We remain focused on executing our strategic priorities, expanding our product portfolio, and improving operational efficiencies, which we believe will support sustainable long-term growth. Separately, the company's board approved the acquisition of 99.49% of the voting power in Kirloskar South-East Asia (KSEA), which will make KSEA a subsidiary of the company. The acquisition is aimed at strengthening Kirloskar Pneumatic's presence in Southeast Asia by establishing a direct connection with end customers instead of relying on channel partners. Kirloskar Pneumatic Company is a diversified company offering a comprehensive range of products, including air, refrigeration, and gas compressors and systems, vapour absorption chillers, and industrial gearboxes. First Published: Jul 21 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Generally, June, July and August are lean periods for airlines in terms of traffic Domestic air traffic fell nearly 12 per cent to 13.5 million in June compared to 15.3 million passengers flown by the carriers in May, according to latest official data. In comparison to the number of 13.6 million recorded in June 2025, the decline has been marginal last month. Generally, June, July and August are lean periods for airlines in terms of traffic. IndiGo's market share climbed to 66.3 per cent in June from 64.9 per cent in May while that of Air India Group to 23.9 per cent from 25.6 per cent during the same period, the data from the Directorate General of Civil Aviation (DGCA) showed. The market share of Akasa Air rose to 6.4 per cent in June from 5.8 per cent in May. In the case of SpiceJet, the market share dropped to 1.9 per cent last month from 2.5 per cent in May. "Passengers carried by domestic airlines during January - June 2026 were 864.04 lakhs as against 851.74 lakhs during the corresponding period of the previous year thereby registering an annual growth of 1.44 per cent and monthly growth of -1.03 per cent," DGCA said in its traffic data report for June. In the wake of surging fuel prices due to the West Asia conflict, airlines had also temporarily curtailed their networks. IndiGo had an On Time Performance (OTP) of 89.4 per cent in June, followed by Air India Group at 85.9 per cent, Akasa Air (82.7 per cent), Alliance Air (74.7 per cent) and SpiceJet (33.5 per cent). OTP is computed for ten major airports -- Bangalore, Delhi, Hyderabad, Mumbai, Chennai, Kolkata, Ahmedabad, Cochin, Guwahati and Lucknow. Last month, the overall cancellation rate of scheduled domestic airlines stood at 0.63 per cent. Domestic airlines shelled out ?61.98 lakh towards compensation and facilities for 43,968 passengers who were affected by flight cancellations in June. A total of ?2.85 crore was spent by airlines towards facilities of 1,10,273 passengers impacted by flight delays, as per the data. As many as 1,847 passengers were denied boarding in June and airlines shelled out ? 64.84 lakh towards compensation and facilities in this regard. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 21 2026 | 3:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Diamond Power Infra zoomed 10%, hit new high in Tuesday's trade. First Published: Jul 21 2026 | 3:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
While Maruti Suzuki has announced that prices will be raised by up to ?30,000, it did not disclose model-wise revisions First Published: Jul 21 2026 | 3:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Infosys Q1 results expectations: Revenue may rise by 15%; guidance, deal pipeline eyed First Published: Jul 21 2026 | 3:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Small-, mid-cap bank shares surged up to 7% in Tuesday's trade. First Published: Jul 21 2026 | 12:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 21 2026 | 12:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 21 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Batliboi rose 6% to Rs 86 after the company said it had secured a Rs 52 crore contract from SAEL Industries. The project is expected to be commissioned within 6 to 8 months, the company said in a regulatory filing on 21 July 2026. Batliboi said the contract marks a significant milestone in the EEG Division's expansion into the solar energy sector. The division provides air pollution control systems for industries including steel, cement, power, chemicals and tyres. It has previously executed a PEX system for Adani Mundra Solar. The company said the order aligns with its long-term strategy of supporting India's push for indigenous solar manufacturing. It also clarified that the contract is not a related-party transaction and that the promoter group has no interest in SAEL Industries. Commenting on the development, managing director Sanjiv Joshi said the order highlights the company's technical capabilities and execution strength in environmental engineering while strengthening its presence in the solar manufacturing supply chain. He added that the project is expected to contribute positively to the division's growth and long-term shareholder value. Batliboi is a diversified business house with a strong presence in machine tools, air engineering, textile machinery, and environmental engineering in india and a global presence in machine tools through its earlier acquisition of QuickMill, Canada. On a consolidated basis, Batliboi's net profit declined 7.89% to Rs 5.02 crore while net sales rose 5.54% to Rs 125.63 crore in Q4 March 2026 over Q4 March 2025. First Published: Jul 21 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KCP Sugar & Industries Corporation Ltd, Shalimar Paints Ltd, Tarsons Products Ltd and Shiva Texyarn Ltd are among the other gainers in the BSE's 'B' group today, 21 July 2026. KCP Sugar & Industries Corporation Ltd, Shalimar Paints Ltd, Tarsons Products Ltd and Shiva Texyarn Ltd are among the other gainers in the BSE's 'B' group today, 21 July 2026. Aastha Spintex Ltd soared 19.36% to Rs 129.15 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 10.12 lakh shares were traded on the counter so far as against the average daily volumes of 1.32 lakh shares in the past one month. KCP Sugar & Industries Corporation Ltd surged 17.54% to Rs 25.4. The stock was the second biggest gainer in 'B' group. On the BSE, 3.2 lakh shares were traded on the counter so far as against the average daily volumes of 6418 shares in the past one month. Shalimar Paints Ltd spiked 13.97% to Rs 67.4. The stock was the third biggest gainer in 'B' group. On the BSE, 1.63 lakh shares were traded on the counter so far as against the average daily volumes of 11986 shares in the past one month. Tarsons Products Ltd exploded 13.37% to Rs 318.3. The stock was the fourth biggest gainer in 'B' group. On the BSE, 1.79 lakh shares were traded on the counter so far as against the average daily volumes of 39254 shares in the past one month. Shiva Texyarn Ltd jumped 13.19% to Rs 160. The stock was the fifth biggest gainer in 'B' group. On the BSE, 20 shares were traded on the counter so far as against the average daily volumes of 339 shares in the past one month. First Published: Jul 21 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SML Mahindra Ltd, Gujarat Fluorochemicals Ltd, Action Construction Equipment Ltd and Archean Chemical Industries Ltd are among the other gainers in the BSE's 'A' group today, 21 July 2026. SML Mahindra Ltd, Gujarat Fluorochemicals Ltd, Action Construction Equipment Ltd and Archean Chemical Industries Ltd are among the other gainers in the BSE's 'A' group today, 21 July 2026. Bluestone Jewellery & Lifestyle Ltd surged 10.68% to Rs 673.45 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 3.41 lakh shares were traded on the counter so far as against the average daily volumes of 31104 shares in the past one month. SML Mahindra Ltd soared 7.92% to Rs 4273.9. The stock was the second biggest gainer in 'A' group. On the BSE, 6121 shares were traded on the counter so far as against the average daily volumes of 8125 shares in the past one month. Gujarat Fluorochemicals Ltd spiked 6.34% to Rs 4587.55. The stock was the third biggest gainer in 'A' group. On the BSE, 14575 shares were traded on the counter so far as against the average daily volumes of 14709 shares in the past one month. Action Construction Equipment Ltd spurt 5.89% to Rs 1048.4. The stock was the fourth biggest gainer in 'A' group. On the BSE, 2.58 lakh shares were traded on the counter so far as against the average daily volumes of 29585 shares in the past one month. Archean Chemical Industries Ltd exploded 5.47% to Rs 598.15. The stock was the fifth biggest gainer in 'A' group. On the BSE, 49765 shares were traded on the counter so far as against the average daily volumes of 37922 shares in the past one month. First Published: Jul 21 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 21 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 21 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 21 2026 | 12:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Muthuselvaraj M, technical analyst at Mirae Asset Sharekhan reckons that UltraTech Cement can target ?13,200 levels in the short- to medium-term. First Published: Jul 21 2026 | 11:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Karur Vysya Bank share price rallied 11% post Q1 results. First Published: Jul 21 2026 | 10:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BlueStone Jewellery and Lifestyle advanced 1.10% to Rs 618.80 after the company reported consolidated net profit of Rs 11.13 crore in Q1 FY27 compared with a net loss of Rs 32.78 crore in Q1 FY26. The company posted a pre-tax profit of Rs 11.13 crore during the quarter, compared with a pre-tax loss of Rs 32.78 crore in Q1 FY26. EBITDA surged 94.8% to Rs 110.2 crore in Q1 FY27 from Rs 56.6 crore in the year-ago period. EBITDA margin improved to 15% from 11.5%, driven by higher operating leverage and improved profitability. During the quarter, BlueStone expanded its retail footprint by adding 12 new stores, taking its total store count to 352 stores across 139 cities. BlueStones CEO Gaurav Singh Kushwaha said, We have opened FY27 on a strong footing, with 49% YoY revenue growth and SSSG of 39% for the quarter, with older cohorts demonstrating similar to better SSSG trends. This performance is particularly satisfying as it came despite the rise in custom duty on gold from 6% to 15%, reflecting the structural drivers we have consistently spoken about a portfolio that stays relevant across price points th rough design and technique innovation. The quarters operating performance continues to reflect the embedded leverage in the business . Pre -IndAS EBITDA of Rs 55 crore grew at close to three times the rate of revenue, taking our margin up 273bps year -on -year. Our cash flow generation remains strong we delivered a standalone cash profit of Rs 57 crore for the quarter, reinforcing the self -fund ing nature of our growth. We scaled our distribution to 352 stores across 139 cities with all 5 new cities entered being Tier 2 and Tier 3 regions, consistent with our conviction in these markets. We remain deeply focused on execution to expand consumer wallet share and bring new consumers into our fold. BlueStone Jewellery and Lifestyle is a leading digital-first omni-channel jewellery brand in India, offering diamond, gold, platinum, and studded jewellery across diverse price ranges. With a diverse portfolio spanning rings, earrings, necklaces, bangles, solitaires and more, the company caters to modern consumers who value unique designs, craftsmanship and innovation across occasions. First Published: Jul 21 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Alpine Texworld were currently trading at Rs 99.75 at 10:13 IST on the BSE, representing a discount of 5% as compared with the issue price of Rs 105. So far, the stock has hit a high of Rs 105 and a low of Rs 99.75. On the BSE, over 1.08 lakh shares of the company were traded in the counter so far. The initial public offer of Alpine Texworld 1,68,76,274 received bids for shares as against 1,20,24,000 shares on offer. The issue was subscribed 1.40 times. The issue opened for bidding on 14 July 2026 and it closed on 16 July 2026. The price band of the IPO was fixed between Rs 100 to Rs 105 per share. The IPO was entirely a fresh issue of shares worth Rs 126.25 crore at the upper price band of Rs 105. There was no offer-for-sale (OFS) component. The funds raised were to be used for setting up a new weaving unit at the proposed Manufacturing Unit 3 to expand the company's grey fabric production capacity (Rs 30.71 crore), repayment of certain borrowings (Rs 52.20 crore), and the remaining amount for general corporate purposes. Alpine Texworld (ATL) are textile manufacturers and traders of grey fabric and yarn. The company operates in the weaving and spinning segments and also provides yarn sizing services. The company generates revenue primarily from the sale of grey fabric and yarn to customers in the textile value chain. The operations are working capital intensive, with a high inventory holding period and elongated receivable days. Solar power installations help offset a part of the companys energy requirements. As of March 31, 2026, total consolidated borrowings of the company stood at Rs 170.6 The firm reported a consolidated net profit of Rs 21.72 crore and sales of Rs 342.71 crore for the twelve months ended on 31 March 2026. First Published: Jul 21 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of SBI Funds Management were currently trading at Rs 618.15 at 10:05 IST on the BSE, representing a premium of 7.69% as compared with the issue price of Rs 574. So far, the stock has hit a high of Rs 624.80 and a low of Rs 610. On the BSE, over 39.51 lakh shares of the company were traded in the counter so far. The initial public offer of SBI Funds Management 5,18,95,47,350 received bids for shares as against 12,45,63,536 shares on offer. The issue was subscribed 41.66 times. The issue opened for bidding on 14 July 2026 and it closed on 16 July 2026. The price band of the IPO was fixed between Rs 545 to Rs 574 per share. The initial public offer comprised offer for sale of 17,09,56,631 equity shares, aggregating to Rs 9,299.55 crore at the lower price of Rs 545 and Rs 9,795.32 crore at the upper price band of Rs 574. The offer for sale from promoters comprises sale of 9,95,01,649 equity shares by SBI and up to 7,14,54,982 equity shares by Amundi India Holding. The promoter shareholding decline from pre-IPO level of 96.38% to 88.0% post IPO. The funds raised to the tune of Rs 30.71 crore will be used towards setting up a new weaving unit at proposed manufacturing unit 3 to expand its production capabilities to produce grey fabric, Rs 52.2 crore will be utilised towards repaying certain borrowings and the balance towards general corporate purposes. SBI Funds Management (SBI FM) is an asset management company, engaged in the mutual fund business. It offers a wide range of actively managed and passive investment products catering to diverse investor risk profiles and financial objectives. In addition to its core mutual fund business, the company provides Portfolio Management Services (PMS), advisory mandates, Alternative Investment Funds (AIFs), and Specialized Investment Funds (SIFs). International business comprises of India-focused investment management mandates for overseas institutional investors and advisory services to Amundis Global Emerging Markets mandates. SBI FM maintains an international distribution presence in the Middle East and leverage SBI and Amundis global networks to serve customers across key international markets. The company reported a quarterly average mutual fund assets under management (QAAUM) of Rs 12.5 lakh crore as of 31 March 2026, with a market share of 15.3%. Including Portfolio Management Services (PMS) and other advisory mandates (collectively referred to as Alternates), SBI Funds Management's total QAAUM stood at Rs 29.46 lakh crore as of 31 March 2026. The firm reported a consolidated net profit of Rs 3,067.38 crore and income from operations of Rs 4,389.49 crore for the twelve months ended on 31 March 2026. First Published: Jul 21 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wanbury Ltd has added 19.28% over last one month compared to 4.99% gain in BSE Healthcare index and 1.1% rise in the SENSEX Wanbury Ltd lost 6.43% today to trade at Rs 318. The BSE Healthcare index is down 0.22% to quote at 50230.53. The index is up 4.99 % over last one month. Among the other constituents of the index, Bliss GVS Pharma Ltd decreased 4.47% and Bajaj Healthcare Ltd lost 1.82% on the day. The BSE Healthcare index went up 11.67 % over last one year compared to the 5.54% fall in benchmark SENSEX. Wanbury Ltd has added 19.28% over last one month compared to 4.99% gain in BSE Healthcare index and 1.1% rise in the SENSEX. On the BSE, 7073 shares were traded in the counter so far compared with average daily volumes of 39225 shares in the past one month. The stock hit a record high of Rs 360 on 15 Jul 2026. The stock hit a 52-week low of Rs 162 on 27 Jan 2026. First Published: Jul 21 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sobha Ltd has added 7.82% over last one month compared to 13.34% gain in BSE Realty index and 1.1% rise in the SENSEX Sobha Ltd gained 5.2% today to trade at Rs 1531.05. The BSE Realty index is up 0.35% to quote at 7183.17. The index is up 13.34 % over last one month. Among the other constituents of the index, Aditya Birla Real Estate Ltd increased 0.3% and Lodha Developers Ltd added 0.06% on the day. The BSE Realty index went down 7.98 % over last one year compared to the 5.54% fall in benchmark SENSEX. Sobha Ltd has added 7.82% over last one month compared to 13.34% gain in BSE Realty index and 1.1% rise in the SENSEX. On the BSE, 25362 shares were traded in the counter so far compared with average daily volumes of 8561 shares in the past one month. The stock hit a record high of Rs 1732.45 on 22 Jul 2025. The stock hit a 52-week low of Rs 1131.1 on 02 Apr 2026. First Published: Jul 21 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 21 2026 | 10:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With effect from 31 August 2026 First Published: Jul 21 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mid-cap funds beat every equity category over three years. Here's why investors aren't giving up despite expensive valuations. First Published: Jul 21 2026 | 10:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Paytm shares fall 5 per cent from day's peak after Q1 show. First Published: Jul 21 2026 | 10:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BCCI The BCCI on Monday invited bids for the title sponsorship rights for its domestic and international home events, with the current agreement with IDFC FIRST Bank nearing the end of its tenure. The cricket board issued an Invitation to Tender (ITT), inviting entities to bid for the rights through a competitive process. The ITT document will be made available on payment of a non-refundable fee of Rs 1 lakh, plus applicable GST. Interested parties can purchase the document until August 4, while the deadline for seeking clarifications is August 5. Bid documents must be submitted by August 13, the BCCI said in a press release signed by its secretary Devajit Saikia. The BCCI said the tender document, containing the eligibility criteria and terms and conditions governing the bidding process, will be shared only after confirmation of payment of the ITT fee. The board clarified that purchasing the ITT does not automatically entitle an entity to participate in the bidding process, with only those meeting the eligibility criteria specified in the tender document being allowed to submit bids. The successful bidder will acquire the title sponsorship rights for BCCI events, which include international matches involving the Indian men's and women's teams played at home, domestic tournaments such as well as Ranji Trophy, Duleep Trophy and Irani Cup, besides age-group competitions. The current rights are held by IDFC FIRST Bank, which secured the deal in September 2023 and runs until August 2026. IDFC First Bank is the exiting title sponsor for all BCCI international and domestic home matches (including Test, ODI, and T20 series, as well as domestic tournaments like the Ranji Trophy). Additionally, Apollo Tyres serves as the official lead sponsor and jersey sponsor for Team India. The BCCI reserves the right to cancel or amend the tender process at any stage without assigning any reason. BCCI also invites bids for associate partner rights The BCCI also issued a Request for Quotation (RFQ), inviting entities to bid for the associate partner rights for its events through a tender process. The RFQ document will be made available on payment of a non-refundable fee of Rs 1 lakh plus applicable GST. Interested parties can purchase the RFQ till August 14, seek clarifications until August 16, while the last date for submission of quotation documents is August 25. The board said the RFQ, containing the eligibility criteria and detailed terms governing the bidding process, will be shared only after confirmation of payment of the RFQ fee. The successful bidder will acquire the associate partner rights for BCCI events, which include home international matches involving the Indian men's and women's teams, domestic competitions and age-group tournaments. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 21 2026 | 9:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
UltraTech Cement shares rise over 1% post Q1: analysts see up to 14% upside First Published: Jul 21 2026 | 9:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FIFA World Cup 2026 FIFA World Cup 2026 created an "extraordinary opportunity" to showcase the energy, authenticity and welcoming hospitality of the United States, Brand USA president Fred Dixon has said. The destination marketing organisation for the US, Brand USA unveiled an all-new social-first series, 'More to Love', on the day of the World Cup final (Sunday), thanking international fans who travelled to and through the US during the 2026 World Cup and inviting them to return and experience more of the country, according to a statement issued by it. In line with the campaign, the destination marketing firm, beginning July 20, started boosting the content online with paid amplification in several countries, including India. The football World Cup was a 48-team event that played out over the US, Canada and Mexico, and brought football fans to these countries from across the world. Spain lifted the trophy by defeating defending champion Argentina 1-0 in the final. "The World Cup created an extraordinary opportunity to showcase the energy, authenticity and welcoming hospitality of the United States," said Dixon, president and CEO of Brand USA. "Insights from our AI-enabled trip planning hub showed that fans wanted to experience much more than the matches, planning road trips between host cities and visits to national parks as part of their journeys," he was quoted as saying in the statement. 'More to Love' builds on that interest by thanking travellers for coming, reminding them how much remains to be discovered and inviting them back to explore even more, from all 50 states, five territories, and the District of Columbia, to "our 63 national parks and the extraordinary landscapes and landmarks that distinguish our nation," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 21 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lupin announced the strategic spin-out of two oncology programs - LNP7457 (PRMT5) and LNP8701 (SOS1), through its wholly owned subsidiary, Lupin Inc., into Kaveri Therapeutics Inc. (Kaveri), a U.S. based clinical-stage oncology company. Kaveri will advance these programs through global clinical trials. Under the terms of the agreement, Lupin Inc. will have a significant equity stake in Kaveri, provide seed funding, and grant them exclusive rights to the programs. Kaveri will operate as an independent entity under the leadership of Chief Executive Officer Kristi Jones, a seasoned biopharmaceutical leader with a strong track record of building and advancing innovative companies, and Chief Medical Officer Dr. Robert Pierce, who brings deep clinical expertise and will lead the company's clinical development strategy. Kaveri will seek to raise additional capital to fund its clinical development efforts. Notably, both programs have demonstrated encouraging clinical progress, with LNP7457 (PRMT5) and LNP8701 (SOS1) each reporting positive data at the American Society of Clinical Oncology (ASCO) meeting in 2025 and 2026, respectively. First Published: Jul 21 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 21 2026 | 9:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ather Energy issued and allotted 1,08,15,307 equity shares of face value Re 1 each to eligible qualified institutional buyers at an issue price of Rs 1,202 per equity share (including a premium of Rs 1,201 per equity share), which is higher than the floor price of Rs 1,169.70 per equity share, aggregating to Rs1299.99 crore pursuant to the QIP issue. The QIP issue opened on 15 July 2026 and closed on 20 July 2026. With this allotment, the paid up equity share capital has increased to Rs 39,41,25,309 consisting of 39,41,25,309 equity shares of Rs 1 each. First Published: Jul 21 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Kaynes Technology India are banned from F&O trading on 20 July 2026. Result Today: TVS Motor Company, Adani Energy Solutions, Adani Total Gas, Bajaj Auto, Bandhan Bank, Indian Hotels Company (IHCL), JSW Infrastructure, Mahindra & Mahindra Financial Services, Mastek, Medplus Health Services, , Aavas Financiers, Aditya Birla Sun Life AMC, IndiaMART InterMESH, Arvind Fashions, Sunteck Realty, Trident, Gabriel India, Hatsun Agro Product, Cyient DLM, E2E Networks, Sagility and TVS Holdings, among others will declare their Q1 results later today. Stocks to Watch: Sobha reported 273.55% surge in consolidated net profit to Rs 50.84 crore in Q1 FY27 from Rs 13.61 crore posted in Q1 FY26. Revenue from operations jumped 50.03% YoY to Rs 1,278.15 crore in Q1 FY27. SML Mahindras standalone net profit declined 4.99% to Rs 63.62 crore in Q1 FY27 compared with Rs 66.96 crore posted in Q1 FY27. Revenue from operations increased 13.2% YoY to Rs 957.54 crore in yhe quarter ended 30th June 2026. One 97 Communications (Paytm) reported a 78.86% jump in consolidated net profit to Rs 220 crore on 27.63% increase in revenue from operations to Rs 2,448 crore in Q1 FY27 over Q1 FY26. Rallis Indias standalone net profit jumped 31.58% to Rs 125 crore on 6.79% rise in revenue from operations to Rs 1,022 crore in Q1 FY27 over Q1 FY26. Bluestone Jewelllery reported consolidated net profit of Rs 7 crore in Q1 FY27 compared with net loss of Rs 34.5 crore posted in Q1 FY26. Revenue jumped 49.5% YoY to Rs 737 crore in Q1 FY27. Redington announced a strategic distribution relationship with Resulticks, a global leader in real-time audience engagement solutions. The five-year collaboration is designed to accelerate the adoption of advanced, realtime customer engagement technologies across the Middle East, India, as well as South East and South Asia (SESA). Over the five-year period, Redington and Resulticks are aiming at a market opportunity of more than $150 million across the Middle East, India, and the Rest of Asia. Bajaj Healthcares standalone net profit jumped 16.1% to Rs 13.7 crore as compared with Rs 11.8 crore posted in Q1 FY26. Revenue increased 11.3% YoY to Rs 166 crore in Q1 FY27. First Published: Jul 21 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty July 2026 futures currently traded 56.50 points higher, suggesting a green opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 1,121.04 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,312.03 crore in the Indian equity market on 20 July 2026, provisional data showed. The FIIs have sold shares worth Rs 5,667.91 crore so far in July (till 20 July 2026). This follows their cash sales of Rs 49,028.63 crore in June, Rs 55,963.33 crore in May and Rs 70,135.46 crore in April. Global Markets: Asian stocks gained on Tuesday as mediation efforts in the Middle East pushed oil prices away from a one-month high. Yemen's Iran-aligned Houthis said they would impose ?a naval blockade on Saudi Arabia, a move that could further disrupt energy supplies, amid attacks between the U.S. and Iran, even as efforts were being made to revive a fragile ceasefire. Brent crude futures eased 0.38% to $88.88 per barrel in early trading on Tuesday as investors latched on to hopes of a resolution. Brent hit its highest since mid-June at $91.42 a barrel in the previous session. A senior Iranian official was quoted by the media stating that Tehran had received a proposal from mediators for a 10-day ceasefire, intended to pave the way for a lasting agreement to end the ??war that began on February 28 with U.S.-Israeli attacks on Iran. In other developments, investor focus this week will be on earnings from Alphabet and Intel, along with other firms, to gauge the impact of the war and whether the AI trade has more room to run given sky-high profit expectations for the second-quarter. Strong earnings from Asian chip bellwethers Samsung Electronics and TSMC in recent weeks were not enough to satisfy investor expectations, underscoring the challenge facing the industry. Overnight in the US, Wall Street's three major indexes finished lower on Monday while investors looked for moves toward Middle East de-escalation and waited for earnings reports due from major technology companies later in the week. The Dow Jones Industrial Average fell 307.16 points, or 0.59%, to 51,839.26, the S&P 500 lost 14.41 points, or 0.19%, to 7,443.28 and the Nasdaq Composite lost ??12.17 points, or 0.05%, to 25,508.07. Domestic Market: Key equity benchmarks ended lower on Monday, with the Nifty closing below the 24,250 mark, dragged by heavy selling in private banking stocks following their quarterly earnings. Investor sentiment remained subdued amid weak global cues, escalating Middle East tensions and elevated crude oil prices. Broader markets outperformed the benchmarks, with the midcap and smallcap indices ending marginally higher. Among sectors, PSU banks, pharma and energy stocks advanced, while private banks emerged as the biggest losers. The S&P BSE Sensex tanked 442.93 points or 0.57% to 77,708.52. The Nifty 50 index fell 95.80 points or 0.39% to 24,238.50. First Published: Jul 21 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Consumer Products Q1 preview: Revenue may grow 12%, PAT seen up 20% First Published: Jul 21 2026 | 8:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian stocks gained on Tuesday as mediation efforts in the Middle East pushed oil prices away from a one-month high, while investors braced for a slate of corporate earnings that will test an under pressure AI trade. Yemen's Iran-aligned Houthis said they would impose a naval blockade on Saudi Arabia, a move that could further disrupt energy supplies, amid attacks between the US and Iran, even as efforts were being made to revive a ?fragile ceasefire. Brent crude futures eased 0.38 per cent to $88.88 per barrel in early trading on Tuesday as investors latched on to hopes of a resolution. Brent hit its highest since mid-June at $91.42 a barrel in the previous session. A senior Iranian official told Reuters on Monday that Tehran had received a proposal from mediators for a 10-day ceasefire, intended to pave the way for a lasting agreement to end the war that began on February 28 with US-Israeli attacks on Iran. "I think we've got a really strange situation that investors are still trying to look at things with a glass half full view, as we've seen this all before a few months ago and want the same outcome," said Nick Twidale, chief market strategist at ATFX Global in Sydney. Twidale noted that concern has to be growing that things could get out of hand and the conflict really escalates across the region. "Feel we might see one catalyst that pops ?things and then we are off to the races," he said. In stocks, MSCI's broadest index of Asia-Pacific shares outside Japan was 0.25 per cent higher after dropping for three straight sessions. Japan's Nikkei gained over 1 per cent while South Korea's KOSPI rose nearly 3 per cent. US stock futures were slightly higher while European futures were down 0.6 per cent in early trading. Global stocks, led by chipmakers, have been hit by severe volatility in recent weeks as investors fret about high valuations, pace of profit growth and whether the investment into AI infrastructure will yield tangible results. Investor focus this week will be on earnings from Alphabet and Intel along with other firms to gauge the impact of the war and whether the AI trade has more room to run given sky-high profit expectations for the second-quarter. Strong earnings from Asian chip bellwethers Samsung Electronics and TSMC in recent weeks ?were not enough to satisfy investor expectations, underscoring the challenge facing the industry. "While demand for AI hardware remains red hot, with companies barely able to keep up supply, investor expectations for earnings have become increasingly lofty, rendering the sector vulnerable even to a marginal adjustment in projections," ?said Fred Neumann, chief Asia economist at HSBC in Hong Kong. "The economic backdrop is becoming more challenging as well, with rising energy prices and higher ?interest rates complicating the outlook and showing that even the AI hardware sector is not entirely immune to such broader developments," Neumann said. Escalating US-Iran tensions have also brought back inflationary worries and pushed Treasury yields higher. The 2-year note yield, which typically moves in ?step with Federal Reserve interest-rate expectations, was at 4.206 per cent in Asian hours after gaining 4 basis points on Monday. Traders are pricing in 33 basis points of interest rate increases this year, with a hike fully priced in for October. The dollar was steady against most major ?currencies supported by safe-haven flows. The euro last bought $1.14145, while the Japanese yen was at 162.51 per dollar, keeping traders on alert for intervention from Tokyo. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 21 2026 | 8:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Under Sebi's categorisation, large & mid-cap funds are required to invest at least 35 per cent each in large-cap and mid-cap stocks. First Published: Jul 21 2026 | 8:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
It is available as a fully managed SaaS offering, providing even small institutions with the same enterprise-grade capabilities as large global entities. Intellect Design Arena has a comprehensive portfolio of products across global consumer banking, central banking, risk & treasury management, global transaction banking, and insurance and is engaged in the business of software development. The companys consolidated net profit declined 11.15% to Rs 120.22 crore despite a 16.68% jump in revenue from operations to Rs 847.01 crore in Q4 FY26 over Q4 FY25. The scrip declined 1.18% to settle at Rs 751.45 on Monday, 20 July 2026. First Published: Jul 21 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to Watch today: SBI Funds, Paytm, Bajaj Auto, TVS Motor First Published: Jul 21 2026 | 8:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 21 2026 | 8:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tech analysts see near support for Nifty at 24,100 levels. First Published: Jul 21 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to open on a negative note as the geopolitical hostilities in West Asia continued to weigh on risk sentiment. First Published: Jul 21 2026 | 8:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 21 2026 | 7:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 21 2026 | 12:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 20 2026 | 11:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Leading water and energy infrastructure company SPML Infra on Monday said its promoters will infuse around Rs 177 crore to boost its growth capital. The company has also raised around Rs 5.75 crore from non-promoter entities through a preferential issue and converted debt of Rs 7.16 crore from National Asset Reconstruction Company Ltd (NARCL) into equity, a statement said on Monday. "The company has allotted 6,93,999 equity shares and 95,39,449 convertible warrants on a preferential basis, in a move aimed at raising fresh growth capital and converting existing debt into equity," it said. The equity shares were issued at a price of Rs 186 per share, including a premium of Rs 184 per share, while the warrants were also priced at Rs 186 each. The warrants have been allotted to a mix of promoter group entities and non-promoters, including an entity related to noted investor Vijay Kedia, the company said. After the full conversion of warrants, total stake of Kedia and his associates will increase to around 3 per cent, it added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 20 2026 | 10:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India had estimated the FY27 fertiliser subsidy at around ?1.7 trillion in the February Budget before the Iran war started First Published: Jul 20 2026 | 9:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 20 2026 | 9:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 20 2026 | 8:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 20 2026 | 8:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Monarch Surveyors and Engineering Consultants announced that it has received a Letter of Acceptance (LoA) for the preparation of Town Planning Scheme(s) for multiple greenfield satellite townships in Bihar. The company said the project is subject to the necessary approvals from the relevant government authorities. As per the Letter of Acceptance, work is scheduled to commence immediately, with completion to be carried out in accordance with the terms of the contract. Monarch Surveyors clarified that the contract does not fall within related party transactions and that the promoter, promoter group and group companies have no interest in the awarded contract. Monarch Surveyors and Engineering Consultants provides end-to-end consultancy services for infrastructure projects, including survey, design, and technical supervision for roads, railways, metros, town planning, geospatial mapping, land acquisition, water, transmission lines, pipelines, and other civil engineering sectors. The company reported a 6.9% rise in standalone net profit to Rs 37.23 crore on a 11.4% increase in revenue to Rs 171.69 crore in FY26 compared with FY25. The counter rose 0.24% to settle at Rs 227.80 on the BSE. First Published: Jul 20 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Steel Exchange India reported a 46.92% increase in consolidated net profit to Rs 15.03 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 10.23 crore in the corresponding quarter of the previous year. On a sequential basis, consolidated net profit increased 21.50%, while revenue from operations fell 6.13% compared with the preceding quarter. Total expenses declined 13.24% YoY to Rs 255.68 crore in Q1 FY27 from Rs 294.72 crore in Q1 FY26. Raw material consumption increased 3.31% to Rs 202.51 crore, while employee benefits expense declined 8.54% to Rs 11.89 crore during the quarter. Profit before tax (PBT) rose 46.9% YoY to Rs 15.03 crore in Q1 FY27 from Rs 10.23 crore in the year-ago period. Steel Exchange India is primarily engaged in the manufacturing of TMT bars, apart from billets, ingots, and power generation. The company also deals in the sale and purchase of steel products through its trading division and is recognized as one of the largest dealers for Rashtriya Ispat Nigam. The counter shed 0.25% to Rs 12.02 on the BSE. First Published: Jul 20 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From Govt. of Bihar Urban Development & Housing Dept. First Published: Jul 20 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Atishay has executed a software development agreement with Global Top Link Technologies Company , Myanmar for the design, development, and deployment of an AI-Powered Centralized Diagnostic Platform, Phase I. The total consideration of the contract is USD 295,740 towards Phase I development, and USD 80,000 per annum towards maintenance and support (exclusive of all applicable duties and taxes). This milestone represents the company's first international work order in the AI Diagnostic domain and underscores the growing global recognition of its technological capabilities and execution excellence. First Published: Jul 20 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 20 2026 | 7:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Exports of studded gold jewellery rose 85.35 per cent in June to $633.97 million (?6,019.08 crore) First Published: Jul 20 2026 | 4:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Alembic Pharmaceuticals rose 1.71% to Rs 839.50 after the company announced that its partner, NATCO Pharma, has received tentative approval from the US Food and Drug Administration (USFDA) for Olaparib Tablets in strengths of 100 mg and 150 mg. Under the partnership arrangement, NATCO Pharma will manufacture the Olaparib tablets, while Alembic Pharmaceuticals will distribute the product in the United States. Olaparib, marketed under the brand name Lynparza, is a targeted cancer therapy belonging to the class of PARP inhibitors. It is indicated for the treatment of certain types of ovarian, breast, pancreatic and prostate cancers by preventing cancer cells with specific genetic mutations, such as BRCA or HRR mutations, from repairing damaged DNA. The company said the Paragraph IV (Para IV) patent litigation related to the product is ongoing. According to IQVIA, Olaparib Tablets, 100 mg and 150 mg, had an estimated U.S. market size of approximately $1.4 billion for the 12 months ended March 2026. With this approval, Alembic Pharmaceuticals now has a cumulative total of 244 ANDA approvals from the USFDA, comprising 224 final approvals and 20 tentative approvals. Alembic Pharmaceuticals is a vertically integrated research and development pharmaceutical company. It manufactures and markets generic pharmaceutical products all over the world. Its research and manufacturing facilities are approved by regulatory authorities of many developed countries, including the USFDA. The companys consolidated net profit jumped 29.19% to Rs 202.70 crore in Q4 FY26, compared to Rs 156.89 crore posted in Q4 FY25. Revenue from operations grew 4.41% year on year (YoY) to Rs 1,847.72 crore in the quarter ended 31 March 2026. First Published: Jul 20 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 20 2026 | 3:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shyam Metalics and Energy rose 2.90% to Rs 1,051.70 after the company reported a 20.66% year-on-year (YoY) increase in consolidated net profit to Rs 350.73 crore in Q1 FY27, compared with Rs 290.67 crore in Q1 FY26. Profit before tax (PBT) stood at Rs 469.21 crore in Q1 FY27, registering a growth of 20.64% from Rs 388.94 crore reported in the corresponding quarter previous year. EBITDA increased 28.3% to Rs 812 crore, while operating EBITDA rose 32% to Rs 765 crore. Operating EBITDA margin improved to 14% from 13.1% a year ago, while reported EBITDA margin expanded to 14.9% from 14.3%. Total expenses increased 22.02% YoY to Rs 4,689.80 crore in Q1 FY27. The cost of materials consumed stood at Rs 4,214.49 crore, up 28.09% YoY, while employee benefit expenses rose 10.26% YoY to Rs 135.62 crore. Brij Bhushan Agarwal, chairman & managing director, said, We commenced Q1 FY27 on a strong footing, driven by disciplined execution, operational excellence, and the strength of our integrated business model. During the quarter, revenue, EBITDA and PAT grew by 23%, 28% and 21% year-on-year, respectively. The EBITDA margin improved by 100 bps supported by sustained operational efficiency improvements. A defining milestone during the quarter was the unveiling of our Vision 2031 roadmap, which outlines our ambition to transform Shyam Metalics from a commodity-focused steel producer into a diversified, value-added metals enterprise with a stronger and more resilient earnings profile. We also achieved a significant operational milestone with the commencement of commercial production at our aluminum foil facility in Odisha, marking an important step in building a fully integrated downstream aluminium ecosystem. The aluminum flat-rolled products facility remains on track for commissioning in the second quarter, while all major projects across our growth portfolio are progressing as planned and continue to advance within their targeted timelines. Importantly, despite executing one of the largest investment programs in our history, we have maintained a strong balance sheet with marginal debt levels, reflecting prudent capital allocation, healthy internal cash generation, and our long-standing commitment to self-funded growth. As our new capacities ramp up and high-value businesses such as HR, SBQ, stainless steel, aluminium and other downstream segments contribute meaningfully, we expect a significant strengthening of earnings quality, profitability, and capital efficiency over the coming years. We remain confident of achieving our long-term objective of delivering superior returns, with ROE and ROCE expected to improve materially as the Vision 2031 strategy unfolds. Looking ahead, supported by our strong financial position, diversified portfolio, and a well-defined growth pipeline, we are well positioned to capitalise on emerging opportunities and create sustainable long-term value for all stakeholders. Meanwhile, the board recommended a first interim dividend of Rs 1.80 per equity share for FY27. The record date has been fixed as 24 July 2026, and the dividend will be paid within 30 days of its declaration. The board approved raising up to Rs 4,500 crore through the issuance of equity-linked instruments, including equity shares, preference shares and convertible debentures, in one or more tranches. The fundraising may be undertaken through a qualified institutions placement (QIP), follow-on public offer (FPO), or other permissible modes. The company's 24th annual general meeting (AGM) is scheduled to be held on 25 August 2026. Shyam Metalics and Energy is a leading integrated metal-producing company based in India with a focus on long steel products and ferroalloys. The company is among the largest producers of ferroalloys, one of the leading players in terms of pellet capacity, and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in India. First Published: Jul 20 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 20 2026 | 3:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 20 2026 | 3:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators further reduced net shorts in Pound futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net short position of 71253 contracts in the data reported through July 14 2026. This was a weekly decrease of 16650 net short contracts. First Published: Jul 20 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ultratech Cement advanced 1.35% to Rs 11,880 after the company's consolidated net profit jumped 16.77% to Rs 2,599.28 crore in Q1 FY27 from Rs 2,225.90 crore in Q1 FY26. Profit before interest, depreciation and tax (PBIDT) stood at Rs 5,146 crore, up 12.09% from Rs 4,591 crore in Q1 FY26, reflecting improved operating performance. Domestic sales volumes stood at 39.2 million tonnes in Q1 FY27, registering the growth of 13.1% compared with 34.64 million tonnes recorded in Q1 FY26. Capacity utilisation stood at 81% during the quarter on an installed domestic capacity of 200.1 million tonnes per annum (MTPA). Operating EBITDA per tonne improved to Rs 1,214 from Rs 1,198 a year earlier, highlighting the company's continued focus on cost discipline and operational efficiency. The company also strengthened its manufacturing footprint during the quarter, building on the milestone achieved in April 2026 when it crossed 200.1 MTPA of domestic grey cement capacity and 205.5 MTPA of global cement capacity, including its international operations. UltraTech Cement is the cement flagship company of the Aditya Birla Group. It is the third-largest cement producer in the world, outside of China, with a consolidated grey cement capacity of 205.5. mtpa. First Published: Jul 20 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 20 2026 | 3:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Google and Apple navigate Europe's evolving AI regulatory landscape as the EU's Digital Markets Act reshapes competition and platform interoperability. First Published: Jul 20 2026 | 3:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dynamic Cables surged 9.34% to Rs 423.15 after the company's consolidated net profit jumped 37.09% to Rs 24.95 crore in Q1 FY27, compared with Rs 18.20 crore in Q1 FY26. Profit before tax (PBT) jumped 37.36% YoY to Rs 33.46 crore in Q1 FY27. Operating profit grew 41% to Rs 38 crore in Q1 FY27 from Rs 26.9 crore in Q1 FY26, while the operating margin improved to 10.9% from 10.3%, reflecting better operational efficiency. As of 30 June 2026, the company's order book stood at around Rs 811 crore, providing healthy revenue visibility. Ashish Mangal, managing director of Dynamic Cables, said, We are pleased to report a strong start to FY27, with the company delivering its highestever first quarter revenue, accompanied by healthy improvement in operating profits and PAT. This performance reflects robust execution, an improving product mix, and sustained demand across both government and private sector projects. During the quarter, we also achieved breakthrough in the U.S. market, marking a significant step in strengthening our international presence and creating new avenues for long-term growth. Our ongoing capacity expansion plan remains on track. With a healthy order pipeline, continued infrastructure investments, and strong momentum across our core businesses, we remain confident of sustaining our long term growth trajectory. Dynamic Cables is manufacturer of power infra cables that includes LV, HV, MV, power control & instrumentation cables, and signaling cables. It supplies cables to government discoms, private distribution companies, private EPC contractors, industrial and export clients. First Published: Jul 20 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RBL Bank rose 1.15% to Rs 372.35 after its standalone net profit surged 26.64% YoY to Rs 253.70 crore in Q1 FY27 as against Rs 200.33 crore posted in Q1 FY26. Total income increased 6.40% year on year (YoY) to Rs 4,799.68 crore in Q1 FY27. Provisions (other than tax) and contingencies rose 35.48% YoY to Rs 599.28 crore during Q1 FY27. Profit before tax added 24.12% to Rs 323.51 crore in Q1 FY27 as against Rs 260.63 crore posted in the year-ago period. Net interest income rose 11.73% YoY to Rs 1,654.4 crore in Q1 FY27. Net interest margin (NIM) stood at 4.13% in Q1 FY27, compared to 4.50% reported in the same quarter a year ago. Operating profit stood at Rs 922.8 crore in Q1 FY27, up 31% YoY. On the asset quality front, the lender reported a sharp improvement in its stressed asset metrics during the quarter. Gross non-performing assets (GNPA) fell to 1.30% as of June 30, 2026, from 2.78% a year earlier, while net non-performing assets (NNPA) eased to 0.37% from 0.45%. The provision coverage ratio (PCR), including technical write-offs, stood at 94.94%, reflecting a healthy provisioning buffer against stressed assets. On the advances front, the bank's net advances grew 23% year-on-year to Rs 1.16 lakh crore as of June 30, 2026, with the retail-to-wholesale mix at 55:45. Retail advances rose 13% to Rs 64,196 crore, led by an 18% increase in secured retail loans to Rs 36,561 crore, while unsecured retail advances grew 8% to Rs 27,635 crore. Wholesale advances climbed 38% to Rs 52,027 crore, aided by a 36% growth in the commercial banking segment. On the liabilities front, total deposits grew 11% year-on-year to Rs 1.25 lakh crore as of June 30, 2026, while average total deposits increased 24% to Rs 1.29 lakh crore. CASA deposits remained largely flat at Rs 36,468 crore, with the CASA ratio at 29.2% and the average CASA ratio at 25.2%. Granular deposits, comprising deposits below Rs 3 crore, rose 13% year-on-year to Rs 65,365 crore, accounting for 52.4% of total deposits. The combined share of CASA and term deposits below Rs 3 crore stood at 65% of the overall deposit base. On the capital position, the bank remained well capitalised, with its total capital adequacy ratio rising to 33.3% as of June 30, 2026, from 14.2% as of March 31, 2026. The Common Equity Tier-1 (CET1) ratio improved to 32.2% from 12.8% over the same period. The average liquidity coverage ratio (LCR) stood at 133% in the first quarter of FY27, indicating a comfortable liquidity position. On the distribution front, the bank expanded its network to 1,967 touchpoints as of June 30, 2026, comprising 628 bank branches, including 25 new branches opened during the quarter, and 1,339 business correspondent (BC) branches. Of the BC branches, 251 were banking outlets, while RBL Finserve, the bank's wholly owned subsidiary, operated 1,080 BC branches. During the quarter, the bank completed a preferential allotment to Emirates NBD Bank (P.J.S.C.), which infused approximately $2.75 billion (around Rs 26,000 crore) on June 18, 2026. Following the capital infusion, Emirates NBD holds a 60% stake in the expanded share capital of the bank and has been classified as its promoter. The board has approved a proposal to seek shareholders' approval to increase the bank's borrowing limit to Rs 40,000 crore under the provisions of the Companies Act, 2013. Separately, it has also approved raising up to Rs 10,000 crore through the issuance of debt securities in domestic and/or overseas markets in one or more tranches on a private placement basis. The fundraising approval, subject to shareholder and regulatory clearances, will remain valid for one year from the date of approval at the upcoming annual general meeting. RBL Bank, a subsidiary of Emirates NBD Bank P.J.S.C., is one of Indias leading private sector banks, with a legacy dating back to 1943. Headquartered in Mumbai, the Bank has evolved into a dynamic financial institution offering a comprehensive suite of banking products and services catering to wide range of individual customer segments; small and medium enterprises, large corporations, and governments with a full range of banking, investment management, trade and other financial solutions. The Bank has a strong digital offering with sizeable operation under digital payments space. First Published: Jul 20 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coforge Ltd is quoting at Rs 1503.2, down 0.34% on the day as on 13:19 IST on the NSE. The stock tumbled 19.8% in last one year as compared to a 3.47% slide in NIFTY and a 21.19% fall in the Nifty IT index. Coforge Ltd is down for a fifth straight session today. The stock is quoting at Rs 1503.2, down 0.34% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.47% on the day, quoting at 24219.95. The Sensex is at 77672.44, down 0.61%.Coforge Ltd has added around 1.3% in last one month.Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has increased around 5.63% in last one month and is currently quoting at 29226.6, down 0.15% on the day. The volume in the stock stood at 7.98 lakh shares today, compared to the daily average of 34.31 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 1506.6, down 0.01% on the day. Coforge Ltd tumbled 19.8% in last one year as compared to a 3.47% slide in NIFTY and a 21.19% fall in the Nifty IT index. The PE of the stock is 43.8 based on TTM earnings ending March 26. First Published: Jul 20 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nava Ltd is quoting at Rs 578.7, down 1.38% on the day as on 13:19 IST on the NSE. The stock rose for a third straight session today in last one year as compared to a 3.47% down 0.94%. in NIFTY and a 9.45% down 13.58% in the Nifty Energy index. Nava Ltd is down for a fifth straight session today. The stock is quoting at Rs 578.7, down 1.38% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.47% on the day, quoting at 24219.95. The Sensex is at 77672.44, down 0.61%.Nava Ltd has lost around 6.98% in last one month.Meanwhile, Nifty Energy index of which Nava Ltd is a constituent, has eased around 2.7% in last one month and is currently quoting at 39277, up 1.01% on the day. The volume in the stock stood at 1.25 lakh shares today, compared to the daily average of 2.12 lakh shares in last one month. The PE of the stock is 29.08 based on TTM earnings ending March 26. First Published: Jul 20 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 20 2026 | 2:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 20 2026 | 2:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nestle India Q1 preview: PAT may rise 34%; strong volumes to aid topline First Published: Jul 20 2026 | 2:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In partnership with Delectrik Systems Bondada Engineering has received a Notification of Award (NOA) from NTPC Renewable Energy (NTPC REL) for the engineering, procurement and construction (EPC) Package for the development of a 100 MWh Vanadium Redox Flow Battery Energy Storage System (VRFB BESS) at Khavda Solar Park, Gujarat., with Delectrik Systems as technology partner. The project is strategically significant as it involves Vanadium Redox Flow Battery (VRFB) technology, a next-generation energy storage solution that offers several advantages over conventional Lithium Iron Phosphate (LFP) battery systems. While LFP batteries are largely dependent on imported cells and typically have an operational life of 1215 years, VRFB technology offers a significantly longer service life of over 25 years, with high intrinsic safety, stable performance under frequent cycling with near zero degradation and reduced operational expenditure. Furthermore, India possesses domestic vanadium resources, and VRFB technology reduces long-term import dependence and aligns with the Government's vision of strengthening indigenous energy security. With this landmark order, Bondada Engineering has secured India's first and largest grid scale Vanadium Redox Flow Battery (VRFB) BESS project, demonstrating its ability to adopt and execute energy storage projects involving advanced Long Duration Energy Storage (LDES) technologies. First Published: Jul 20 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 23.29% to Rs 2002.88 crore First Published: Jul 20 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total Operating Income rise 18.82% to Rs 8777.57 crore First Published: Jul 20 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Power Grid Corporation of India Ltd is quoting at Rs 286.6, up 1.08% on the day as on 12:49 IST on the NSE. The stock is down 3.5% in last one year as compared to a 3.78% slide in NIFTY and a 9.25% slide in the Nifty Energy index. Power Grid Corporation of India Ltd is up for a third straight session today. The stock is quoting at Rs 286.6, up 1.08% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.78% on the day, quoting at 24143.5. The Sensex is at 77416.56, down 0.94%. Power Grid Corporation of India Ltd has slipped around 1.09% in last one month. Meanwhile, Nifty Energy index of which Power Grid Corporation of India Ltd is a constituent, has slipped around 2.87% in last one month and is currently quoting at 39277, up 0.83% on the day. The volume in the stock stood at 55.8 lakh shares today, compared to the daily average of 96.86 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 287.6, up 1.37% on the day. Power Grid Corporation of India Ltd is down 3.5% in last one year as compared to a 3.78% slide in NIFTY and a 9.25% slide in the Nifty Energy index. The PE of the stock is 16.57 based on TTM earnings ending March 26. First Published: Jul 20 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MTAR Technologies stock extends fall, down 34% from record high. First Published: Jul 20 2026 | 1:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 20 2026 | 1:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajay Mohanty First Published: Jul 20 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
D B Corp Ltd is quoting at Rs 216.04, up 1.19% on the day as on 12:44 IST on the NSE. The stock is down 23.7% in last one year as compared to a 3.72% fall in NIFTY and a 13.38% fall in the Nifty Media. D B Corp Ltd rose for a fifth straight session today. The stock is quoting at Rs 216.04, up 1.19% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.73% on the day, quoting at 24157.2. The Sensex is at 77433.09, down 0.92%. D B Corp Ltd has added around 6.6% in last one month. Meanwhile, Nifty Media index of which D B Corp Ltd is a constituent, has added around 0.03% in last one month and is currently quoting at 1521.45, up 0.99% on the day. The volume in the stock stood at 3.28 lakh shares today, compared to the daily average of 11.25 lakh shares in last one month. The PE of the stock is 10.85 based on TTM earnings ending June 26. First Published: Jul 20 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 25.29% to Rs 125.55 crore First Published: Jul 20 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 70.90% to Rs 111.84 crore First Published: Jul 20 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 13.63% to Rs 112.30 crore First Published: Jul 20 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
| Reuters First Published: Jul 20 2026 | 12:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators in the US dollar futures market continues to stay around a 15-month high, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of US dollar index futures, traded by large speculators and hedge funds, totaled a net long position of 13173 contracts in the data reported through July 14, 2026, marking a slight decrease of 96 net positions compared to the previous week. First Published: Jul 20 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RIL stock outlook post Q1 results by SBI Securities. First Published: Jul 20 2026 | 10:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian stock market falls nearly 1 per cent amid higher crude oil prices. First Published: Jul 20 2026 | 10:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tatva Chintan Pharma Chem surged 18.13% to Rs 1,687 after the company reported a robust performance for the quarter ended 30 June 2026. Profit before exceptional items and tax (PBT) increased 118.58% to Rs 15.41 crore in Q1 FY27 from Rs 7.05 crore in Q1 FY26. The company reported exceptional items of Rs 1.31 crore during the quarter. EBITDA climbed 86% YoY to Rs 32.3 crore in Q1 FY27 from Rs 17.3 crore in the year-ago period. EBITDA margin improved to 19% from 15%, reflecting stronger operating performance. During the quarter, Pharmaceuticals and Agrochemicals Intermediates and other Specialty Chemicals (PASC) contributed 35% of total revenue, followed by Structure Directing Agents (SDA) at 34%, Phase Transfer Catalysts (PTC) at 26%, Electrolyte Salts & Solutions (ESS) at 4%, while the remaining 1% came from other products. Segment-wise, revenue from PASC stood at Rs 58.4 crore, SDA at Rs 57.8 crore, PTC at Rs 42.8 crore and ESS at Rs 6.3 crore during the period under review. Meanwhile, the company's board approved a proposal to expand manufacturing capacity for various specialty chemicals at its new greenfield facility located at Dahej-III in the Dahej Industrial Estate, Bharuch, Gujarat. The expansion aims to strengthen the company's manufacturing infrastructure and cater to growing market demand. The board also approved the re-appointment of Chintan Nitinkumar Shah as managing director for a further term of three years, from 1 February 2027 to 31 January 2030. Additionally, the board approved a proposal to increase the company's borrowing limit to Rs 1,000 crore from the existing Rs 300 crore. Tatva Chintan Pharma Chem is primarily engaged in manufacturing, sale and distribution of specialty chemicals, viz., phase transfer catalysts (PTC), structure directing agents (SDA), electrolyte salts and solutions (ESS), pharmaceutical and agrochemical intermediates and other specialty chemicals (PASC). First Published: Jul 20 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bhansali Engineering Polymers surged 10.43% to Rs 124.90 after the company reported strong earnings for the quarter ended 30 June 2026. Revenue from operations rose 53.34% YoY and 38.21% QoQ to Rs 472.15 crore in the June 2026 quarter. The company said revenue growth was driven by higher realisations, while operating leverage and improved cost efficiencies contributed to a significant expansion in profitability. Profit before tax stood at Rs 90.67 crore in Q1 FY27, up 25.58% vs Q4 and 46.34% vs Q1 FY26. Operating EBITDA (excluding other income) increased 44.50% YoY to Rs 92.30 crore, while EBITDA margin moderated to 19.2% from 20.0% in Q1 FY26, a contraction of 80 basis points. On the cost front, total expenditure increased 52.55% YoY to Rs 389.56 crore. Raw material consumed rose 46.23% YoY to Rs 265.93 crore, while employee expenses increased 17.76% YoY to Rs 18.17 crore. Finance costs rose 125% to Rs 0.09 crore from Rs 0.04 crore a year ago, while depreciation expense declined 7.27% YoY to Rs 2.04 crore. Tax expense increased 58.03% YoY to Rs 25 crore, while deferred tax declined 68% YoY to Rs 0.08 crore. Bhansali Engineering is expanding its ABS production capacity from 75,000 MTPA to 100,000 MTPA through a debottlenecking project at its Abu Road and Satnoor plants. The ~Rs 200 crore expansion is being funded entirely through internal accruals, with commissioning targeted by September 2026 and optimal utilisation expected in FY28. Joint managing director and chief financial officer Jayesh B. Bhansali said the company delivered resilient performance despite geopolitical uncertainties, supported by disciplined execution and cost leadership. He added that the debt-free balance sheet, strong cash position and internal accruals would fund the planned expansion and support future growth. The board declared a first interim dividend of Re 1 per share for FY27. Bhansali Engineering Polymers is India's leading manufacturer of Acrylonitrile Butadiene Styrene (ABS) and Styrenic Resins. The company operates manufacturing facilities at Abu Road (Rajasthan) and Satnoor (Madhya Pradesh), supported by an in-house R&D centre, and maintains a strategic joint venture with Nippon A&L Inc., Japan. BEPL's diversified portfolio serves the automobile, consumer durables, electronics, healthcare, and kitchenware industries. First Published: Jul 20 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 20 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The board of Mobavenue AI Tech at its meeting held on 20 July 2026 has approved the launch of the company's proprietary AI powered platform, Mobavenue Neural Engine, an AI intelligence layer integrated with the company's proprietary advertising technology platform. The board also approved the adoption and phased implementation of the company's new corporate logo and corporate tagline as part of its brand transformation initiative. First Published: Jul 20 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On Friday, the rupee gained 12 paise to settle at 96.30 against the US dollar, supported by positive domestic market sentiment and a decline in US Treasury yields The rupee weakened 12 paise to 96.42 against the US dollar in early trade on Monday due to a surge in crude oil prices and strong demand for the American currency amid the worsening West Asia crisis. Foreign capital outflows from domestic equity markets also weighed on the Indian currency, forex traders said. At the interbank foreign exchange, the rupee opened lower at 96.53 against the previous close of 96.30 to dollar. The local unit pared some losses to trade at 96.42 later, down 12 paise from its previous close. On Friday, the rupee gained 12 paise to settle at 96.30 against the US dollar, supported by positive domestic market sentiment and a decline in US Treasury yields. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading marginally down by 0.05 per cent at 100.54. Brent crude, the global oil benchmark, was trading 2.45 per cent higher at $90.26 per barrel in futures trade, as the US and Iran have inched closer to all-out war, as last month's interim deal meant to permanently end the fighting has crumbled and shipping traffic in the Strait of Hormuz has largely stalled. The United States conducted a new round of airstrikes early Monday targeting Iran after announcing the death of another American service member, and Iran fired missiles towards Jordan that risked widening the conflict into neighbouring Israel. Meanwhile, Bahrain sounded its missile alert sirens Monday morning, warning of an Iranian retaliatory attack after US airstrikes targeted the Islamic Republic. On the domestic equity market front, the Sensex tumbled 593.78 points, or 0.76 per cent, to 77,557.67, while the Nifty declined 169.20 points, or 0.70 per cent, to 24,165.10. Foreign Institutional Investors offloaded equities worth Rs 376.41 crore on a net basis on Friday, according to exchange data. The Reserve Bank data released on Friday showed India's forex reserves jumped $964 million to $675.157 billion in the week ended July 10. In the previous reporting week, the overall kitty had jumped by $7.26 billion to $674.193 billion. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 20 2026 | 10:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 20 2026 | 10:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ICICI Bank's standalone net profit rose 15.95% to Rs 14,804.50 crore in Q1 FY27 as against Rs 12,768.21 crore posted in Q1 FY26. The banks profit before tax (PBT) stood at Rs 19,125.62 crore in the first quarter of FY27, registering a growth of 12.96% YoY. Net interest income (NII) increased by 12.7% YoY to Rs 24,384 crore in Q1 FY27. Net interest margin (NIM) was 4.36% in Q1 FY27, compared with 4.34% in Q1 FY26. The bank's provisions (excluding provisions for tax) slipped 30.58% to Rs 1,260 crore in Q1 FY27 as against Rs 1,815 crore registered in the same period a year ago. Total period-end deposits grew by 14% year on year to Rs 18,33,586 crore as of 30 June 2026. Total advances increased by 19.6% YoY to Rs 16,31,260 crore as of 30 June 2026. The banks non-interest income, excluding treasury, increased by 16% year-on-year to Rs 8,425 crore in Q1 FY27 from Rs 7,264 crore in Q1 FY26. The retail loan portfolio grew by 12% year-on-year and comprised 49.2% of the total loan portfolio at 30 June 2026. Including non-fund outstanding, the retail portfolio was 41.1% of the total portfolio on 30 June 2026. On the asset quality front, the bank's gross non-performing assets (NPAs) stood at Rs 23,847 crore as on 30 June 2026, compared with Rs 24,733 crore as on 30 June 2025. The gross NPA ratio reduced to 1.38% as of 30 June 2026, compared to 1.67% as of 30 June 2025. The net NPA ratio declined to 0.35% as of 30 June 2026, as against 0.41% as of 30 June 2025. The provisioning coverage ratio (PCR) on non-performing loans was 74.7% at 30 June 2026. On a standalone basis, the bank's total capital adequacy ratio stood at 16.84%, while the CET-1 ratio was 16.19% as of 30 June 2026. The banks fee income grew by 23.5% year-on-year to Rs 7,286 crore in Q1 FY27 from Rs 5,900 crore in Q1 FY26. Fees from retail, rural and business banking customers constituted about 72% of total fees in Q1 FY27. ICICI Bank is the second-largest private sector bank in India, offering a diversified portfolio of financial products and services to retail, SME and corporate customers. The bank has an extensive network of branches, ATMs and other touch-points. Shares of ICICI Bank rose 0.06% to Rs 1,442.75 on the BSE. First Published: Jul 20 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 20 2026 | 9:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank shares fall nearly 5% despite upbeat Q1; analysts bullish First Published: Jul 20 2026 | 9:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 20 2026 | 9:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 20 2026 | 9:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With estimated gross development value of Rs 300 cr Meghna Infracon Infrastructure has announced the launch of Meghna One, its landmark 2.8 lakh sq. ft. commercial development with a total Gross Development Value (GDV) of approximately Rs 300 crore in Wagle Estate, Thane. Designed as Thane's first lake-facing, IGBC Gold-certified biophilic commercial tower, the project marks the company's strategic entry into large-format Grade-A commercial real estate. First Published: Jul 20 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign currency assets, a major component of the reserves, increased by USD 930 million to USD 546.508 billion, the central banks data showed. Value of gold reserves increased by USD 24 million to USD 105.223 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 3 million at USD 18.626 billion, the apex bank said. Indias reserve position with the IMF was also up by USD 7 million to USD 4.793 billion at the end of the reporting week, according to the apex banks data. First Published: Jul 20 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty July 2026 futures currently traded 92.00 points lower, suggesting a lower opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 376.41 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,017.89 crore in the Indian equity market on 17 July 2026, provisional data showed. The FIIs have sold shares worth Rs 4,546.87 crore so far in July (till 17 July 2026). This follows their cash sales of Rs 49,028.63 crore in June, Rs 55,963.33 crore in May and Rs 70,135.46 crore in April. Global Markets: Asian share markets traded mixed on Monday as the escalating conflict in the Gulf lifted oil prices and fanned fears of inflation. Brent crude ?climbed above $90 a barrel for the first time in more than a month as the U.S. military started a ninth straight day of attacks against Iran, which in turn struck targets across the region. Just a handful of ships transited the Strait of Hormuz on Sunday and one was reported to be on fire. In the commodity market, the Brent duly added ??2.6% to $90.40 a barrel, while U.S. crude rose 2.3% to $84.39. The jump in fuel costs has revived worries about inflation even as U.S. consumer price data surprised on the downside last week, leading futures markets to reportedly price in 29 basis points of Federal Reserve rate hikes by year-end. Futures imply a 60% chance of a rate rise as early as September, pushing yields on 30-year Treasuries back above the psychological 5.0% barrier. This is a level that tends to attract funds away from equities and toward fixed income, while lifting the valuation bar for future corporate earnings. Last week, stocks fell again on Friday, with Wall Street posting a weekly decline, as traders weighed the latest moves in semiconductor names along with recent quarterly reports. The broad market index lost 1.01% to end at 7,457.69, while the Nasdaq Composite dropped 1.4% to 25,520.24 as tech stocks came under scrutiny. The Dow Jones Industrial Average fell 406.55 points, or 0.77%, to close at 52,146.42. Alongside chips, shares of Netflix were a major laggard Friday, falling more than 7% as the companys forecast failed to ease investor concerns that growth is slowing. Domestic Market: Key equity benchmark indices surged on Friday despite weak global cues, with the Nifty 50 closing above the 24,300 mark and the Sensex rallying nearly 1,000 points. The rally was led by strong buying in IT and banking stocks after upbeat quarterly earnings from Tech Mahindra and Jio Financial Services, while optimism ahead of Reliance Industries' June-quarter results further boosted heavyweight stocks. Value buying in large-cap counters and a technical breakout above the 24,200 level added momentum to the upmove. However, the broader market remained under pressure, with midcap and smallcap indices ending lower, indicating that gains were concentrated in large-cap stocks. The S&P BSE Sensex surged 964.58 points or 1.25% to 78,151.45. The Nifty 50 index rallied 261.55 points or 1.09% to 24,334.30. First Published: Jul 20 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 34.46% to Rs 98.28 crore First Published: Jul 20 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 7.23% to Rs 7.19 crore First Published: Jul 20 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 4.07 crore First Published: Jul 20 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 7.43% to Rs 1096.15 crore First Published: Jul 20 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jayant Acharya, Joint MD & CEO, JSW STEEL This article has been processed by AI. It is not an official market report and should not be considered financial advice.
During the April-June quarter, Prestige Estates Projects Ltd's sales bookings declined 46 per cent to ?6,579.3 crore due to a high base effect Realty firm Prestige Estates Projects Ltd has launched three housing projects during the April-June quarter with an estimated revenue of ?12,000 crore, as part of its expansion plan amid strong demand. In its latest operational update, Bengaluru-based Prestige Estates Projects informed that the company launched four projects with a combined developable area of 20.16 million square feet. Out of four projects, three are residential properties in Hyderabad, Bengaluru and Mumbai. One commercial project with a developable area of 3 million sq ft is in Bengaluru. The company said the total revenue potential for these three residential projects is estimated at ?12,000 crore. Irfan Razack, Chairman and Managing Director of Prestige Group, said, "Looking ahead, we have an exciting lineup of marquee launches across Mumbai, NCR, Bengaluru and Chennai during the festive season, which we believe will further strengthen our growth momentum." Earlier, Razack had told PTI that the company has a launch pipeline of ?60,000 crore worth of housing projects, but it would depend on the government approvals on how many projects it ends up bringing to the market for sales. During the April-June quarter, Prestige Estates Projects Ltd's sales bookings declined 46 per cent to ?6,579.3 crore due to a high base effect. Its sales bookings or pre-sales stood at ?12,126.4 crore in the year-ago period. During the June quarter of 2025-26, the company launched a big-ticket project in Delhi-NCR, helping it to achieve record pre-sales. Hyderabad was the largest contributor to quarterly sales, accounting for 49 per cent of total sales, followed by Bengaluru (27 per cent), Mumbai (12 per cent), NCR (7 per cent) and other markets (5 per cent). The company achieved an average realisation of ?11,193 per square feet for apartments, while the average realisation for plotted developments stood at ?8,043 per square foot. Prestige Estates, one of the leading real estate developers in the country, achieved record sales bookings of ?30,024 crore during the 2025-26 fiscal, up 76 per cent from the preceding year. The company has set a target to achieve ?35,000-36,000 crore of sales bookings or pre-sales during the 2026-27 fiscal. Prestige Group has delivered 316 projects spanning 212 million sq ft and has a pipeline of 135 projects across 227 million sq ft. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 19 2026 | 3:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company operates with brands as Mantra Spices, Himani Best Choice, and Advans Soya Chunks in the food segment Emami Agrotech, which mainly sells edible oil, is expecting 10 per cent growth in revenue this fiscal to ?22,000 crore on strong demand, even as it remains watchful of risks attached with geopolitical tension, weather situation and commodity price volatility. A part of Kolkata-based Emami Group, the company posted a turnover of ?20,137 crore in 2025-26. It is the edible oil, biodiesel, and foods arm of Emami Group. In an interview with PTI, Emami Agrotech CEO and Director Sudhakar Rao Desai said: "We will continue to grow in edible oils and are also making inroads into the foods category with atta, maida, suji, soya nuggets and spices." The company, which operates in the edible oil category with brands as Healthy & Tasty and Best Choice, expects demand to remain robust during the upcoming festive season, aided by stable commodity prices and inventory replenishment across the trade channel. "As we go into the next three-four months and the festive season, consumption is bound to increase. I also see stabilised prices in commodities, which should lead to some inventory building in the pipeline," he said. Desai, however, cautioned about the geopolitical tensions and evolving weather conditions, including the impact of El Nino in India and key producing regions in Asia, which remain critical monitorables on the demand-supply front. He also acknowledged that inflationary pressures on packaging materials have eased in recent months following a correction in global crude oil prices. "Packaging inputs such as laminates, cartons and tin plates had become costlier earlier as global oil prices surged. However, with oil prices stabilising, these input costs have also softened, which should eventually benefit consumers," he said. Desai said Emami Agrotech is broadening its presence beyond edible oils and is strengthening its foods portfolio with products such as atta, maida, suji, soya nuggets and spices. "We are not only growing in refined edible oils but are also making inroads into the foods category," he said on the sidelines of an event organised by industry body Ficci. The company operates with brands as Mantra Spices, Himani Best Choice, and Advans Soya Chunks in the food segment. On the edible oils business, Desai said the company expects sustained volume growth, driven by its portfolio of premium and differentiated brands. He added that Emami Agrotech would continue leveraging its multi-location manufacturing and distribution network to expand market reach and support growth across segments. On profitability, Desai said the operating environment remains highly volatile, requiring agile management of commodity and currency risks. "We are looking at normal growth in profitability. We have to manage the risks arising from commodity cycles and currencies. We are cautious but consistent on growth," he said. On capital expenditure, Desai said the company has already invested substantially in refining and crushing capacities and will now focus more on brand building and expanding its food portfolio. "We have invested enough in our refining assets and crushing plants. The capex going forward will be more towards brand building and expanding our food portfolio," he said. Desai also pointed to challenges from low-cost edible oil brands entering India through Nepal, particularly affecting markets in northern and eastern India. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 19 2026 | 1:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 19 2026 | 11:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Markets regulator Sebi has empanelled 18 additional firms, including Ernst & Young LLP, KPMG Assurance and Consulting Services LLP, Zx Grant Thornton Bharat LLP and Nangia & Co LLP, to undertake forensic audits of financial statements of listed companies. The empanelment follows a selection process initiated through a public procurement notice issued on November 2025. The newly selected firms are in addition to the list of forensic auditors published by Sebi in April 2025, according to a notification issued by the regulator on July 15. The empanelment will remain valid for three years from the date of publication of the latest list. The other newly empanelled entities are J C Kabra & Associates, J Mandal & Co LLP, J Singh & Associates, Jain Jagawat Kamdar and Company, Pipara & Co LLP, R Kabra & Co LLP, R S Patel and Co, Ravi Rajan and Co LLP, S S Periwal and Co, Sarath and Associates, SKVM and Company, V Singhi & Associates, ASA & Associates LLP and CLA Indus Value Consulting. Commenting on the development, Srinivasa Rao, Senior Partner, Forensic Advisory at Nangia & Co LLP, said the empanelment reflects the firm's expertise in forensic services and its commitment to supporting transparency and investor protection. "We are immensely proud to be empanelled by Sebi, a testament to our team's deep expertise and unwavering dedication to forensic excellence. This empanelment reinforces our position as a trusted partner in safeguarding investor interests and promoting transparency within the financial ecosystem," Rao said. He added that the firm looks forward to contributing to Sebi's efforts to maintain a fair, efficient and transparent securities market through independent forensic audits. The Sebi forensic audit panel comprises firms authorised by the regulator to conduct forensic audits of listed companies in cases involving suspected financial irregularities, with the objective of enhancing transparency and investor confidence. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 19 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, the BSE benchmark Sensex climbed 582.06 points, or 0.75 per cent, and the NSE Nifty went up by 127.4 points, or 0.52 per cent The combined market valuation of five of the top-10 most valued firms jumped ?1.54 trillion last week, with IT major TCS emerging as the biggest winner, in line with a positive trend in equities. Last week, the BSE benchmark Sensex climbed 582.06 points, or 0.75 per cent, and the NSE Nifty went up by 127.4 points, or 0.52 per cent. "Indian equity markets ended the week on a firm footing, extending their recovery despite heightened geopolitical tensions, elevated crude oil prices, and persistent uncertainty surrounding the global interest-rate outlook. "Sentiment remained supported by encouraging Q1 FY27 earnings from the IT sector as TCS closed with nearly 10 per cent of weekly gains, renewed buying interest in financial stocks, and resilience in domestic economic fundamentals," Ajit Mishra SVP, Research, Religare Broking Ltd, said. While Reliance Industries, ICICI Bank, State Bank of India, Tata Consultancy Services (TCS) and Bajaj Finance emerged as the gainers, HDFC Bank, Bharti Airtel, Life Insurance Corporation of India (LIC), Larsen & Toubro and Hindustan Unilever faced erosion from their valuation. TCS added ?72,072.3 crore, taking its market valuation to ?8,20,672.70 crore. The country's largest IT services company reported a 4.61 per cent increase in its June-quarter net profit to ?13,349 crore, and guided towards an improvement in demand, impacted by the West Asia crisis, returning in the ongoing quarter. ICICI Bank's valuation surged ?29,062.06 crore to ?10,34,441.77 crore and that of Reliance Industries jumped ?23,884.93 crore to ?17,95,091.26 crore. The valuation of Bajaj Finance climbed ?21,946.5 crore to ?6,57,274.28 crore and that of State Bank of India went up by ?7,338.34 crore to ?9,63,768.78 crore. However, the market capitalisation (mcap) of Larsen & Toubro eroded by ?18,097.72 crore to ?5,24,840.68 crore. The valuation of LIC declined by ?12,080.75 crore to ?5,48,124.30 crore. Bharti Airtel's mcap tumbled ?7,706.45 crore to ?11,91,067.77 crore and that of HDFC Bank edged lower by ?7,084.61 crore to ?12,62,369.81 crore. The mcap of Hindustan Unilever dipped ?1,221.79 crore to ?5,03,775.86 crore. Reliance Industries remained the most valued firm followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, LIC, Larsen & Toubro and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 19 2026 | 11:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The total issue is expected to be over ?3,500 crore The primary market will remain active next week, with four public issues, including the InvIT of Cube Highways Trust and the initial public offerings (IPOs) of Indo MIM, Lohia Corp and Xtranet Technologies, set to open for subscription. Cube Highways Trust will open its ?5,000-crore InvIT public issue on July 22 and close on July 24. The price band has been fixed at ?151-152 per unit, while anchor investor bidding will take place on July 21. The issue is a 100 per cent book-built offer for sale by existing unitholders as the trust transitions from a privately listed InvIT to a publicly listed platform. Ahead of the public issue, Cube Highways Trust raised ?1,250 crore from strategic investors through unit subscription agreements. The IPOs of Indo MIM, Lohia Corp and Xtranet Technologies will open on July 23 and close on July 27. Anchor investor bidding for the three mainboard issues are slated for July 22. Precision engineering components maker Indo MIM's IPO comprises a fresh issue of shares worth ?500 crore and an offer for sale (OFS) of up to 6.82 crore shares by existing shareholders. According to market sources, the total issue is expected to be over ?3,500 crore. The firm intends to utilise ?400 crore from the fresh issue to repay borrowings, while the balance will be used for general corporate purposes. Founded in 1996, Indo MIM operates 15 manufacturing facilities across India, the US, the UK and Mexico, catering to the automotive, defence, medical, consumer and aerospace sectors. Manufacturer of machinery and equipment for technical textiles Lohia Corp's IPO is entirely an OFS of up to 2.59 crore equity shares, with the company not receiving any proceeds from the issue. Lohia Corp manufactures machinery and equipment used to produce technical textiles, particularly polypropylene (PP) and high-density polyethylene (HDPE) woven fabrics and sacks. IT services and solutions provider Xtranet Technologies is launching a ?170-crore fresh issue with no OFS component, according to the RHP. The proceeds will be used for debt repayment, purchase of systems and hardware, working capital requirements, and general corporate purposes. Founded in 2002, the company offers a diverse portfolio delivering end-to-end services including enterprise applications, digital services, managed services, proprietary platforms. So far in 2026, 32 companies have launched their maiden public offerings, while the IPO of Caliber Mining & Logistics is currently open for subscription. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 19 2026 | 10:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Group-owned Indian Hotels Company Ltd (IHCL) and IPO-bound Prism -- the parent of travel-tech unicorn OYO -- are the only hospitality companies to feature among the top-10 firms in the 2026 GROHE-Hurun India Real Estate 150 list, with Prism more than doubling its valuation, growing 107 per cent to ?67,200 crore. The report's findings reflect the hospitality sector's growing heft as it emerged as one of only two segments to register growth, apart from retail. "Prism (OYO), founded and led by Ritesh Agarwal, is the standout hospitality story of the year and the second-largest gainer in absolute terms, adding ?34,700 crore to reach ?67,200 crore, surging 107 per cent in value, climbing six places to 5th and entering the top 10," the report highlighted. Highlighting the shift in the sector, the report said hospitality has evolved from being a "footnote" a decade ago to becoming the second-largest segment by company count after residential. The list now has 24 hospitality companies, up from 22 last year, with a combined valuation of ?2.85 trillion. "A decade ago, hospitality was a footnote; in 2026, it accounts for 24 of 151 companies (up from 22 last year) and ?2,85,500 Crore. Indian Hotels Company (founded in 1899, the oldest entity) reached ?93,300 crore; Prism (OYO), under Ritesh Agarwal (at 32, the youngest leader), climbed to ?67,200 crore with 107 per cent growth; and the freshly demerged ITC Hotels debuted at ?32,300 crore," said the report. Prism Founder and Chief Executive Ritesh Agarwal, 32, topped the list of the youngest leaders in the rankings, whereas Kapil Bhatia of InterGlobe Hotels, aged 93, was the oldest leader on the list. Among hospitality firms, Prism recorded the highest percentage growth in valuation, while newly demerged ITC Hotels debuted on the list with a valuation of ?32,300 crore. The report also ranked Prism as the country's second-most valuable unlisted real estate company after Adani Properties. The report noted that just 31 of the 151 companies featured in the rankings recorded an increase in valuation during the year. Among existing companies, Adani Properties and Prism (OYO) together contributed nearly two-thirds of the total value created, with Prism also emerging as the second-most valuable unlisted company in the rankings for 2026. "The split within the list is the real signal: the segments tied to what Indians spend rose, while those tied to what developers borrow fell," Hurun India Founder and Chief Researcher Anas Rahman Junaid said. He said residential, which accounts for nearly half of the companies in the rankings, declined about 16 per cent in value, while commercial real estate fell 14 per cent. In contrast, retail grew 8 per cent and hospitality expanded to ?2.85 trillion, driven by Prism and the listing of ITC Hotels. The Lalit's Chairperson Jyotsna Suri featured among the top women leaders, while Apeejay Surrendra Park Hotels Chairperson Priya Paul ranked second, underscoring the growing presence of women at the helm of India's hospitality industry. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 19 2026 | 10:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ministry of Electronics and IT Secretary S Krishnan said advance chip design may need thousands of crores of investments Provisions under Semicon 2.0 to provide incentives to Indian chip-making firms against equity are expected to drive largescale investment required for the development of advanced chips for technology such as artificial intelligence, a senior government official has said. Under Semicon 2.0, which has a budget of ?1.27 trillion, the central government has prioritised chip design by Indian companies. In an interview to PTI on Saturday, Ministry of Electronics and IT Secretary S Krishnan said advance chip design may need thousands of crores of investments. "We intend to provide more funding. Otherwise, under design-linked incentive scheme, you get only about ? 15 crore. Now, to design high-end chips you need ?1,000 crore or more. "At the same time, the government can't give everything. This is why you have this combination saying that you get investment from a venture capitalist or somebody who believes that you will be able to bring out this chip, and we will co-invest," he said. The government on July 15 approved ?1.27 trillion (around $14 billion) Semicon 2.0 programme to accelerate semiconductor design and manufacturing capabilities. The initiative will be in effect for six years starting FY27. The government has not announced a cap for investment in advance chip design by Indian firms. It will provide incentive to Indian chip companies in the form of grant and equity or link it to royalty base payment. "The idea of co-investment is two-fold. One, that we increase the overall funding, which is available. Two, the government doesn't do the selection because it doesn't have that capacity. When whitelisted venture capitalist funds invest, we will co-invest," Krishnan said. The government under Indian Semicon Mission has identified 105 startups that are already developing chips. The focus of Semicon is on deepening the design ecosystem. "During Semicon 2.0, we should be capable of designing our own advance chips. Whether we will be able to manufacture it in the country, we don't know. I don't think we will get there yet. We are not looking at that market yet," Krishnan said. The manufacturing of advance chips might take time but the design of these will happen in the coming years, Krishnan said. Currently, advance chips are considered semiconductor that contain 7 nano meter and smaller nodes. India's first chip manufacturing unit will start with production old technology node of 28 nanometer, which is generally used for power electronics. The government approved Semicon 2.0 with an aim to develop IPs, designs of chips and systems. The work under Semicon 2.0 is expected to place India as a key semiconductor chip-design IP country. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 19 2026 | 10:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 19 2026 | 7:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 18 2026 | 7:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 28.23% to Rs 697.20 crore First Published: Jul 18 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 200.72% to Rs 8.33 crore First Published: Jul 18 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 8.94% to Rs 860.35 crore First Published: Jul 18 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank reported a 4.98% increase in standalone net profit to Rs 19,059.72 crore in Q1 FY27 as against Rs 18,155.21 crore posted in Q1 FY26. The banks profit before tax (PBT) stood at Rs 25,108.30 crore in the first quarter of FY27, registering a 17.92% YoY growth. Net interest income (interest earned less interest expended) grew 6.7% YoY to Rs 33,530 crore in Q1 FY27 from Rs 31,440 crore in Q1 FY26. Net interest margin stood at 3.26% on total assets and 3.40% based on interest-earning assets. Operating profit before provisions and contingencies declined 21.17% YoY to Rs 28,168.06 crore in Q1 FY27 from Rs 35,733.96 crore in Q1 FY26. Operating expenses increased 4.32% YoY to Rs 18,187.49 crore in Q1 FY27 from Rs 17,433.84 crore in Q1 FY26. The cost-to-income ratio stood at 39.2%. The banks average deposits grew 13.3% YoY to Rs 30,11,500 crore in the June 2026 quarter from Rs 26,57,600 crore in the June 2025 quarter. Average CASA deposits stood at Rs 9,57,000 crore, up 11.2% YoY. Gross advances stood at Rs 30,60,800 crore as on 30 June 2026, registering a 15.4% YoY growth. Advances under management grew 12.4% YoY. Retail loans rose 7.2%, small and mid-market enterprise loans grew 18.7%, while corporate and other wholesale loans increased 18.6%. Overseas advances constituted 1.6% of total advances. Gross non-performing assets (NPAs) stood at 1.17% of gross advances as on 30 June 2026 (0.91% excluding agricultural NPAs), compared with 1.15% as on 31 March 2026 and 1.40% as on 30 June 2025. Net NPAs stood at 0.41% of net advances. The banks total capital adequacy ratio (CAR) under Basel III stood at 19.6% as on 30 June 2026 (19.9% a year ago), against the regulatory requirement of 11.9%. Tier 1 CAR stood at 17.8%, while the Common Equity Tier 1 (CET1) ratio stood at 17.4%. Risk-weighted assets stood at Rs 30,52,000 crore. HDFC Bank is India's largest private sector lender. As of 30 June 2026, the bank's distribution network comprised 9,694 branches and 20,958 ATMs across 4,175 cities and towns. Shares of HDFC Bank rose 1.40% to settle at Rs 819.65 on Friday, 17 July 2026. First Published: Jul 18 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 20.26% to Rs 4031.72 crore First Published: Jul 18 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 35.27% to Rs 87.33 crore First Published: Jul 18 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total Operating Income rise 7.44% to Rs 7549.28 crore First Published: Jul 18 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total Operating Income rise 5.92% to Rs 8054.49 crore First Published: Jul 18 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total Operating Income rise 6.44% to Rs 52240.85 crore First Published: Jul 18 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total Operating Income rise 3.12% to Rs 33589.17 crore First Published: Jul 18 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Axis Bank's standalone net profit jumped 22.52% to Rs 7,113.92 crore in Q1 FY27, compared with Rs 5,806.14 crore in Q1 FY26. Total income increased 6.26% year on year (YoY) to Rs 40,721.05 crore in Q1 FY27. Operating profit rose 1.25% to Rs 11,659.10 crore in Q1 FY27, compared with Rs 11,515.16 crore posted in the corresponding quarter last year. The banks net interest income (NII) for Q1 FY27 stood at Rs 14,646 crore, up 8% on a YOY basis. Net Interest Margin (NIM) for Q1 FY27 stood at 3.46%. The bank reported an operating profit of Rs 11,659 crore for the quarter. Core operating profit stood at Rs 11,122 crore, while operating costs increased 5% year-on-year in Q1 FY27. On the advances front, the bank's loan book grew 19% year-on-year to Rs 12.62 lakh crore as of June 30, 2026. Retail loans increased 8% year-on-year to Rs 6.76 lakh crore, accounting for 54% of net advances. Secured retail loans constituted around 73% of the retail portfolio, with home loans contributing 26%. The corporate loan book increased 38% year-on-year, while the mid-corporate portfolio grew 27% year-on-year. Around 91% of the corporate loan book was rated A- and above, with 87% of incremental sanctions during Q1 FY27 being to corporates rated A- and above. The bank's investment portfolio stood at Rs 4.39 lakh crore as of June 30, 2026, comprising Rs 3.62 lakh crore in government securities, Rs 51,938 crore in corporate bonds, and Rs 25,083 crore in other securities, including equities and mutual funds. Of the total investments, 74% were classified under the Held to Maturity (HTM) category, 11% under Available for Sale (AFS), 13% under Fair Value through Profit & Loss (FVTPL), and 2% represented investments in subsidiaries and associates. On the wealth management front, the bank's assets under management (AUM) stood at Rs 7.54 lakh crore as of June 30, 2026, growing 20% year-on-year. The bank's high and ultra-high net worth client proposition, Burgundy Private, catered to 17,408 families, with AUM rising 16% year-on-year to Rs 2.68 lakh crore. On capital adequacy, the bank's shareholders' funds increased 15% year-on-year to Rs 2.12 lakh crore as of June 30, 2026. The capital adequacy ratio (CAR) and Common Equity Tier-1 (CET1) ratio stood at 16.67% and 14.64%, respectively. Additionally, provisions of Rs 7,013 crore and one-time additional standard asset provisions of Rs 1,231 crore, which are not considered for CAR computation, provided an additional cushion of around 52 basis points over the reported CAR. The book value per equity share increased to Rs 681 from Rs 596 a year earlier. On asset quality, the bank's gross non-performing assets (GNPA) declined to 1.28% as of June 30, 2026, from 1.57% a year earlier, while net non-performing assets (NNPA) improved to 0.39% from 0.45%. Recoveries from written-off accounts during the quarter stood at Rs 961 crore. Net slippages, adjusted for recoveries from the written-off pool, stood at Rs 2,479 crore. Gross slippages during the quarter stood at Rs 5,566 crore, compared with Rs 8,200 crore in Q1 FY26. Recoveries and upgrades from NPAs amounted to Rs 2,126 crore, while the bank wrote off NPAs worth Rs 2,399 crore during the quarter. Provision coverage ratio (PCR) stood at 70% of gross NPAs as of June 30, 2026, compared with 71% a year earlier. The fund-based outstanding of standard restructured loans under the COVID-19 resolution framework declined to Rs 913 crore as of June 30, 2026, accounting for 0.07% of gross customer assets. The bank maintained a provision coverage of around 17% on these restructured loans, above regulatory requirements. On the distribution front, the bank's network expanded to 6,295 domestic branches and extension counters and 315 Business Correspondent Banking Outlets (BCBOs) across 3,352 centres as of June 30, 2026, compared with 5,879 branches and extension counters and 235 BCBOs across 3,192 centres a year earlier. The bank had 12,564 ATMs and cash recyclers across the country as of June 30, 2026. Its Axis Virtual Centre operated across eight centres with 1,700 Virtual Relationship Managers. Amitabh Chaudhry, MD & CEO, Axis Bank said, As customer expectations evolve and technology continues to reshape financial services, our focus remains on building a franchise that combines trust, innovation and resilience at scale. This quarter, we continued to invest across these priorities - strengthening digital security, deploying AI to simplify customer journeys, expanding growth platforms and supporting ecosystems that drive economic progress. With these investments we hope to create enduring value for our customers, stakeholders and the communities we serve. Axis Bank is a private sector bank. It has the third-largest network of branches among private sector banks and an international presence through branches in DIFC (Dubai) and Singapore along with representative offices in Abu Dhabi, Sharjah, Dhaka and Dubai and an offshore banking unit in GIFT City. Shares of AXIS Bank rose 1.86% to end at Rs 1,328.95 on the BSE on Friday, 17 July 2026. First Published: Jul 18 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total Operating Income rise 9.87% to Rs 35541.96 crore First Published: Jul 18 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 4.71% to Rs 2.00 crore First Published: Jul 18 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On preferential basis 1. Allotment of 3,09,141 equity shares of face value of Rs. 2/- each at a price of Rs. 186/- per equity share including premium of Rs. 184/- per equity share, on preferential basis to non-promoters by infusion of Rs. 5.75 crore. 2. Allotment of 3,84,858 equity shares of face value of Rs. 2/- each at a price of Rs. 186/- per equity share including premium of Rs. 184/- per equity share, on preferential basis to National Asset Reconstruction company, (Non-promoter) on conversion of 7.16 crore existing loan in the company. 3. Allotment of 95,39,449 warrant, at a price of Rs. 186/- per warrant on preferential basis to Promoter group and non-promoter. Each warrant shall be converted into equity shares of the company at Rs. 186/- including premium of Rs. 184/- per shar First Published: Jul 18 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RBL Bank's standalone net profit surged 26.64% YoY to Rs 253.70 crore in Q1 FY27 as against Rs 200.33 crore posted in Q1 FY26. Total income increased 6.40% year on year (YoY) to Rs 4,799.68 crore in Q1 FY27. Provisions (other than tax) and contingencies rose 35.48% YoY to Rs 599.28 crore during Q1 FY27. Profit before tax added 24.12% to Rs 323.51 crore in Q1 FY27 as against Rs 260.63 crore posted in the year-ago period. Net interest income rose 11.73% YoY to Rs 1,654.4 crore in Q1 FY27. Net interest margin (NIM) stood at 4.13% in Q1 FY27, compared to 4.50% reported in the same quarter a year ago. Operating profit stood at Rs 922.8 crore in Q1 FY27, up 31% YoY. On the asset quality front, the lender reported a sharp improvement in its stressed asset metrics during the quarter. Gross non-performing assets (GNPA) fell to 1.30% as of June 30, 2026, from 2.78% a year earlier, while net non-performing assets (NNPA) eased to 0.37% from 0.45%. The provision coverage ratio (PCR), including technical write-offs, stood at 94.94%, reflecting a healthy provisioning buffer against stressed assets. On the advances front, the bank's net advances grew 23% year-on-year to Rs 1.16 lakh crore as of June 30, 2026, with the retail-to-wholesale mix at 55:45. Retail advances rose 13% to Rs 64,196 crore, led by an 18% increase in secured retail loans to Rs 36,561 crore, while unsecured retail advances grew 8% to Rs 27,635 crore. Wholesale advances climbed 38% to Rs 52,027 crore, aided by a 36% growth in the commercial banking segment. On the liabilities front, total deposits grew 11% year-on-year to Rs 1.25 lakh crore as of June 30, 2026, while average total deposits increased 24% to Rs 1.29 lakh crore. CASA deposits remained largely flat at Rs 36,468 crore, with the CASA ratio at 29.2% and the average CASA ratio at 25.2%. Granular deposits, comprising deposits below Rs 3 crore, rose 13% year-on-year to Rs 65,365 crore, accounting for 52.4% of total deposits. The combined share of CASA and term deposits below Rs 3 crore stood at 65% of the overall deposit base. On the capital position, the bank remained well capitalised, with its total capital adequacy ratio rising to 33.3% as of June 30, 2026, from 14.2% as of March 31, 2026. The Common Equity Tier-1 (CET1) ratio improved to 32.2% from 12.8% over the same period. The average liquidity coverage ratio (LCR) stood at 133% in the first quarter of FY27, indicating a comfortable liquidity position. On the distribution front, the bank expanded its network to 1,967 touchpoints as of June 30, 2026, comprising 628 bank branches, including 25 new branches opened during the quarter, and 1,339 business correspondent (BC) branches. Of the BC branches, 251 were banking outlets, while RBL Finserve, the bank's wholly owned subsidiary, operated 1,080 BC branches. During the quarter, the bank completed a preferential allotment to Emirates NBD Bank (P.J.S.C.), which infused approximately $2.75 billion (around Rs 26,000 crore) on June 18, 2026. Following the capital infusion, Emirates NBD holds a 60% stake in the expanded share capital of the bank and has been classified as its promoter. The board has approved a proposal to seek shareholders' approval to increase the bank's borrowing limit to Rs 40,000 crore under the provisions of the Companies Act, 2013. Separately, it has also approved raising up to Rs 10,000 crore through the issuance of debt securities in domestic and/or overseas markets in one or more tranches on a private placement basis. The fundraising approval, subject to shareholder and regulatory clearances, will remain valid for one year from the date of approval at the upcoming annual general meeting. RBL Bank, a subsidiary of Emirates NBD Bank P.J.S.C., is one of Indias leading private sector banks, with a legacy dating back to 1943. Headquartered in Mumbai, the Bank has evolved into a dynamic financial institution offering a comprehensive suite of banking products and services catering to wide range of individual customer segments; small and medium enterprises, large corporations, and governments with a full range of banking, investment management, trade and other financial solutions. The Bank has a strong digital offering with sizeable operation under digital payments space. Shares of RBL Bank rose 1.49% to end at Rs 368.10 on the BSE on Friday, 17 July 2026. First Published: Jul 18 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The impact of the fire incident is being assessed on the equipment, instruments, and electrical installation in the EDC plant. First Published: Jul 18 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cipla announced that an inspection was conducted by the United States Food and Drug Administration (USFDA) at the manufacturing facility of InvaGen Pharmaceuticals Inc. (wholly owned subsidiary of the company) located in Central Islip, Long Island, New York, USA, from 13 July 2026 to 17 July 2026 (EDT). The inspection was a routine current Good Manufacturing Practices (cGMP) Inspection. On conclusion of the inspection, the company has received 1 (one) inspectional observation in Form 483. First Published: Jul 18 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 37.79% to Rs 2507.16 crore First Published: Jul 18 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The conglomerate reported steady earnings for the quarter ended 30 June 2026, supported by strong growth in its digital services, retail and oil-to-chemicals businesses. Gross revenue rose 24.50% YoY and 4.60% QoQ to Rs 3,40,257 crore in the June 2026 quarter. Profit before tax stood at Rs 30,630 crore in Q1 FY27, up 12.63% vs Q4 and 8.53% vs Q1 FY26. EBITDA increased 10.12% YoY and 11.28% QoQ to Rs 54,067 crore, while EBITDA margin stood at 15.9%, compared with 18.0% in Q1 FY26 and 14.9% in Q4 FY26. On the cost front, depreciation increased 9.09% YoY to Rs 15,100 crore, largely due to higher depreciation in Digital Services following the capitalisation of 5G assets. Finance costs rose 18.49% YoY to Rs 8,337 crore owing to higher liability balances and the capitalisation of 5G assets. Tax expense increased 18% YoY to Rs 7,629 crore. Operationally, Jio Platforms' revenue increased 12.0% YoY, while EBITDA rose 15.1% YoY on strong subscriber additions, ARPU improvement and growth in digital services. Jio Platforms also filed its draft red herring prospectus (DRHP) with SEBI during the quarter, marking a key milestone towards its proposed initial public offering. Reliance Retail Ventures reported a 7.4% YoY increase in revenue to Rs 90,408 crore, led by broad-based growth across consumption categories and digital commerce. EBITDA declined 1.1% YoY to Rs 6,309 crore, with margin moderation reflecting continued investment in digital commerce. The Oil-to-Chemicals (O2C) business posted a 30.4% YoY increase in revenue and 17.2% YoY growth in EBITDA, supported by stronger transportation fuel cracks and improved downstream margins despite higher feedstock costs and planned maintenance shutdowns. The Oil and Gas business recorded 3.2% YoY revenue growth, aided by higher realisations from KG-D6 crude oil and condensate, favourable exchange rates and increased CBM gas production. Capital expenditure stood at Rs 38,682 crore during the quarter as the company continued investments in O2C, new energy projects and expansion of its consumer businesses. Chairman and managing director Mukesh D. Ambani said all businesses delivered strong operating performance despite geopolitical tensions and volatile commodity markets. He said the company remains on track with the phased commissioning of its new energy projects and expects the proposed Jio IPO to unlock long-term value. Consolidated Jio Platforms Limited (JPL) Jio Platforms reported a strong performance in Q1 FY27, with revenue rising 12.0% YoY to Rs 45,961 crore and EBITDA increasing 15.1% YoY to a record Rs 20,865 crore. EBITDA margin expanded 150 basis points to an all-time high of 53.3%. Average revenue per user (ARPU) improved to Rs 215.6, supported by a better subscriber mix and seasonal factors, partly offset by promotional offers for fixed broadband customers. Monthly churn improved to 1.6%, while the company added 8.9 million net subscribers during the quarter, taking its total subscriber base to over 533 million, including 285 million 5G users. Per capita data consumption stood at 43.7 GB per month, driving a 26.9% YoY increase in data traffic to 69 exabytes. Digital services revenue grew 20% YoY, led by content, cloud computing, IoT and managed services, while connectivity revenue rose 11% YoY. Over the past 12 months, Jio added more than 73 million 5G subscribers and 8.6 million fixed broadband customers, while also emerging as one of the fastest-rising innovators globally in the World Intellectual Property Organization's (WIPO) Patent Cooperation Treaty (PCT) rankings. Consolidated Reliance Retail Ventures Limited (RRVL) Reliance Retail Ventures reported 7.4% YoY growth in revenue to Rs 90,408 crore in Q1 FY27. Adjusted for the demerger of its consumer brands business, revenue increased 11.6% YoY, driven by double-digit growth across grocery, fashion and lifestyle, and consumer electronics. EBITDA declined 1.1% YoY to Rs 6,309 crore, while EBITDA margin moderated by 80 basis points to 7.9%, reflecting the growing contribution of digital commerce and continued infrastructure investments. During the quarter, the company opened 252 stores, taking its network to 20,169 outlets with a retail area of 78.4 million sq. ft. Its registered customer base grew 10.6% YoY to over 396 million, while transactions surged 46.0% YoY to 568 million. Grocery digital commerce continued to scale rapidly, with average daily orders rising 116% YoY, and the number of unique customers served across retail formats increased 8.5% YoY. Oil To Chemicals (O2C) Segment The Oil-to-Chemicals (O2C) business reported a 30.4% YoY increase in revenue to a record Rs 2,01,803 crore in Q1 FY27, driven primarily by a 54.1% YoY rise in crude oil prices, partly offset by lower production during a planned turnaround. EBITDA rose 17.2% YoY to Rs 17,010 crore, supported by stronger transportation fuel cracks, improved downstream petrochemical margins, crude basket diversification, efficient product placement in deficit markets and favourable ethane cracking economics. However, earnings were partly impacted by higher crude premiums, elevated freight and insurance costs, under-recoveries from maintaining domestic fuel prices, and the reintroduction of the Special Additional Excise Duty (SAED) on diesel, petrol and aviation turbine fuel. Jio-bp expanded its fuel retail network to 2,221 outlets across the country. Oil And Gas (Exploration and Production) Segment The Oil and Gas (Exploration and Production) business reported 3.2% YoY growth in revenue to Rs 6,298 crore in Q1 FY27, supported by higher oil and condensate realisations from the KG-D6 block, increased CBM gas production and realisations, and favourable exchange rate movements. The gains were partly offset by lower KG-D6 gas production and lower gas price realisations. EBITDA declined 0.5% YoY to Rs 4,973 crore. During the quarter, the average realised price for KG-D6 gas fell to $8.89/MMBTU from $9.97/MMBTU a year ago, while the average realised price for CBM gas increased to $12.0/MMBTU from $9.90/MMBTU. Average production from KG-D6 stood at 24.8 MMSCMD of gas and approximately 16,721 barrels per day of oil and condensate. Jiostar Business JioStar reported a 14% YoY increase in revenue from operations to Rs 10,946 crore in Q1 FY27, while EBITDA from operations grew 30.7% YoY to Rs 933 crore, driven by strong subscription revenue, higher digital entertainment advertising and operating leverage. JioHotstar recorded its highest-ever average monthly active users (MAUs) of 530 million, up 15% YoY, supported by strong engagement across sports and entertainment. IPL 2026 became the biggest-ever T20 event, reaching 1.2 billion viewers across digital and linear television, including 700 million on digital alone. JioStar retained its leadership in television entertainment with a 34% viewership share, reaching over 810 million viewers nationwide. The company's microcontent platform Tadka crossed 100 million active users within two months of launch, while entertainment watch time on JioHotstar increased 16% YoY. During the quarter, JioStar also introduced AI-powered multilingual voice search through its OpenAI partnership and integrated Swiggy's in-app food ordering service during IPL 2026, expanding user engagement and commerce capabilities. Reliance Industries is India's largest private sector company with businesses spanning digital services, retail, oil-to-chemicals, exploration and production, new energy and consumer products. First Published: Jul 18 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 17 2026 | 8:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Launches four new bathing soap variants with enhanced formulations Alife, the personal care brand from AWL Agri Business ( formerly Adani Wilmar), has relaunched its bathing soap portfolio with four new variants featuring upgraded formulations, thoughtfully selected ingredients and contemporary packaging under its new brand promise, 'Khubsurati Kuchh Khaas'. As part of the relaunch, Alife introduces four refreshed variantsActive Nimboo, Haldi Chandan, Rozy Glow and Fresh Lilyeach thoughtfully crafted with carefully selected ingredients and enhanced formulations to deliver an enriching bathing experience. Inspired by popular skincare ingredients and paired with signature fragrances, every variant offers a unique combination of cleansing, care and sensorial appeal. The new packaging further enhances shelf visibility while clearly communicating the distinctive benefits of each variant. First Published: Jul 17 2026 | 8:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MTR announced the launch of its Protein Breakfast Range, further strengthening its leadership in the breakfast category through consumer-led innovation. Building on its long-standing commitment to making authentic Indian breakfast convenient and accessible, MTR is now bringing plant-based protein directly into familiar breakfast favourites, offering consumers the authentic taste they love, the convenience they expect and ingredient choices that meet the preferences of today's conscious eaters. The MTR Protein Breakfast Range comprises Protein Rava Idli Mix, Protein Dosa Mix, Protein Upma Mix, and the 3-Minute Breakfast range featuring Protein Poha, Protein Khatta Meetha Poha and Protein Upma. Each serving delivers 10g of plant-based protein and features a clean-label proposition. Developed at MTR's Cuisine Centre of Excellence in Bengaluru, the range reflects MTR's continued commitment to reimagining Indian breakfast for modern lifestyles. The Protein Breakfast Range will initially be available across the top four metro cities through quick-commerce platforms and leading general trade outlets, with a phased expansion planned across India's top 28 metros. First Published: Jul 17 2026 | 8:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company on Friday said it had appointed SBI Capital Markets Ltd, IIFL Capital Services Ltd, IDBI Capital Markets & Securities Ltd, and HDFC Bank Ltd as merchant bankers for the proposed public issue First Published: Jul 17 2026 | 8:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To collaborate in field of critical and strategic minerals GAIL (India) signed a Memorandum of Understanding (MoU) with Khanij Bidesh India (KABIL) today to collaborate in the field of critical and strategic minerals, supporting India's long-term resource security. The partnership provides a framework for cooperation in identifying and evaluating opportunities in critical and strategic minerals, facilitating the exchange of technical expertise, capacity building, and exploring joint initiatives across the mining value chain to help strengthen India's long-term supply of these vital resources and clean energy transition. First Published: Jul 17 2026 | 8:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To source 58 MW peak hybrid renewable energy for its sites in Bharuch DCM Shriram has entered into a definitive agreement with Serentica Renewables India 38 for the development of a 58 MW peak hybrid renewable energy power project, primarily for its energy-intensive business in Bharuch, Gujarat. Upon completion, DCM Shriram's total renewable energy capacity will rise to 176 MW (peak) across it two sites in Bharuch & Kota, significantly expanding its clean energy base. The project is expected to be commissioned by June 2027. Under the agreement, DCM Shriram will invest up to Rs. 105 crore in one or more tranches to acquire a minimum 26% equity stake in Serentica Renewables India 38. First Published: Jul 17 2026 | 8:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BHEL also booked orders worth Rs 26,700 crore in Q1FY27, taking its order book to Rs 2.6 trillion. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 17 2026 | 7:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Most of the Sensex's gains on Friday were driven by Reliance Industries, which rose 2.6 per cent, and HDFC Bank, which gained 1.4 per cent First Published: Jul 17 2026 | 7:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Most of the Sensex's gains on Friday were driven by Reliance Industries, which rose 2.6 per cent, and HDFC Bank, which gained 1.4 per cent First Published: Jul 17 2026 | 7:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Om Infra is the Lowest Bidder (L1) as per data released by the Water Resource Department (WRD), Rajasthan. The bid is for a major EPC Turnkey contract worth Rs 482.27 crore involving the construction of a dam and the development of a pressurized irrigation network under the Andheri Medium Irrigation Project in Baran District, Rajasthan First Published: Jul 17 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
from East Coast Railway First Published: Jul 17 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
New passive hybrid funds combine equity and G-secs in one product, offering disciplined asset allocation, lower volatility and automatic rebalancing at a low cost. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 17 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 17 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JSW Steel reported 112.6% increase in consolidated net profit to Rs 4,696 crore on a 9.8% rise in revenue to Rs 47,364 crore in Q1 FY27 as compared with Q1 FY26. Total expenses for the period under review rose 3.7% YoY to Rs 41,830 crore from Rs 40,325 crore in the same period last year. This rise in raw material costs (up 18.4% YoY) more than offset the decline in finance costs (down 22.8% YoY), depreciation charges (down 15.8% YoY) and other expenses (down 7.3% YoY). EBITDA improved by 38% YoY to Rs 9,383 crore in Q1 FY27 from Rs 6,816 crore in Q1 FY26. Profit before tax in Q1 FY27 stood at Rs 6,160 crore, up by 100.5% from Rs 3,072 crore in Q1 FY26. The companys consolidated production for the quarter was 6.59 million tonnes, higher by 3% YoY and 2% QoQ. Steel Sales for the quarter were best ever for Ql at 6.25 million tonnes, up 4% YoY, with focus on flat steel sales & value-added special products (VASP). JSW Steel is engaged in the manufacture and sale of iron and steel products and is the flagship business of the diversified JSW Group, which has interests across energy, infrastructure, cement, paints, sports, and venture capital. The scrip had advanced 1.43% to end at Rs 1238.35 on the BSE today. First Published: Jul 17 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 17 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Jul 17 2026 | 6:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sebi had first proposed the move in a consultation paper released on February 5, 2026 First Published: Jul 17 2026 | 5:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
OM Infra announced that it has emerged as the lowest bidder (L1) for a major engineering, procurement and construction (EPC) turnkey project floated by the Water Resources Department (WRD), Rajasthan. The project is valued at Rs 482.27 crore. The company said the official Letter of Intent (LoI) will be issued after the completion of the Water Resources Department's internal processes and procedures. Commenting on the development, the company said it is encouraged to have emerged as the L1 bidder for the project, which highlights its capabilities in executing complex civil engineering works, including dams, hydro-mechanical systems and advanced micro-irrigation infrastructure. It added that the project will incorporate pressurized water distribution, solar power and SCADA automation to improve irrigation efficiency across nearly 10,000 hectares of farmland in Rajasthan. OM Infra is a leading infrastructure development company specializing in engineering, procurement, and construction (EPC) projects for water management, engineering, and construction. For the quarter ended 31 March 2026, the company reported a 56.32% decline in consolidated net profit to Rs 6.46 crore from Rs 14.79 crore in the corresponding quarter of the previous year. Revenue from operations fell 6.89% year-on-year to Rs 160.10 crore in Q4 FY26. The counter rose 0.88% to end at Rs 87.30 on the BSE. First Published: Jul 17 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 19.05% to Rs 881.92 crore First Published: Jul 17 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Jul 17 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Jul 17 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 14.42% to Rs 3.65 crore First Published: Jul 17 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company's Q1FY27 pre-quarter update was better than expected on both the revenue and operating performance fronts This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sebi has warned listed firms and regulated entities about the 'Boss Scam', where fraudsters use AI, deepfakes and fake executive identities to trigger fraudulent fund transfers. First Published: Jul 17 2026 | 5:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 95.11 lakh shares as against 12.45 lakh shares on offer. The issue opened for bidding on Friday (17 July 2026) and it will close on Tuesday (21 July 2026). The price band of the IPO is fixed between Rs 402 to Rs 424 per share. The minimum order quantity is 35 equity shares. The issue comprises both offer for sale and fresh issue of equity shares (of Rs 10 face value) worth aggregating to Rs 50 crore and Rs 400 crore respectively. The entire portion of offer for sale is by promoters, i.e., Mohit S Chadda (Rs 12.5 crore), Anuj K Chadda (Rs 12.5 crore), Manish K Chadda (Rs 12.5 crore), and Rahul R Chadda (Rs 12.5 crore ). Of the net proceeds the company proposed to utilize Rs 208 crore towards repayment and / or pre-payment, in full or in part, of certain outstanding borrowings availed by the company, Rs 167 crore towards funding capital expenditure for purchase of commercial vehicles, P&M and balance towards general corporate purposes. Caliber Mining and Logistics provides end-to-end coal mining and logistics solutions for marquee large coal mine owning customers such as Western Coalfields, Northern Coalfields etc. The company operates as an integrated mining services provider, managing overburden removal, coal extraction and coal logistics. Its business operations comprise five key segments: coal mining, logistics, rake loading, rail coordination services and coal trading. In FY26, the company extracted 4.48 million metric tonnes (MT) of coal from open-cast mines and removed 128.07 million cubic metres (Mcum) of overburden across seven open-cast mining projects. Coal mining services remained the company's primary revenue contributor, accounting for 86.08% of revenue from operations in FY26, up from 80.55% in FY25. Logistics contributed 12.44% of revenue (16.39% in FY25), followed by rake loading at 0.54% (1.37%), rail coordination services at 0.02% (0.57%), and coal trading at 0.92% (1.11%). The firm reported a consolidated net profit of Rs 157.90 crore and income from operations of Rs 1,677.66 crore for the twelve months ended on 31 March 2026. First Published: Jul 17 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 17 2026 | 5:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The S&P BSE Sensex surged 964.58 points or 1.25% to 78,151.45. The Nifty 50 index rallied 261.55 points or 1.09% to 24,334.30. Among index heavyweights, ICICI Bank rose 2.52%, Reliance Industries gained 2.48%, and HDFC Bank added 1.55%, contributing significantly to the Nifty's gains. The broader market underperformed the frontline indices. The BSE MidCap index slipped 0.19%, while the BSE SmallCap index declined 0.76%. Market breadth remained negative. On the BSE, 1,722 shares advanced, 2,500 declined, and 193 ended unchanged. The India VIX, the NSE's volatility gauge, rose 2.73% to 13.24, indicating caution among market participants. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.33% to 6.773 compared with the previous session close of 6.751. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 96.2800 compared with its close of 96.4200 during the previous trading session. MCX Gold futures for 5 August 2026 settlement rose 0.24% to Rs 140,687. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.06% to 100.79. The United States 10-year bond yield fell 1.05% to 4.521. In the commodities market, Brent crude for September 2026 settlement rose $1.66 or 1.97% to $85.89 a barrel. Global Markets: US Dow Jones futures fell 333 points, signaling a weak start for Wall Street later in the day. European shares declined on Friday as the U.S. and Iran exchanged military strikes for a sixth straight day. The escalating conflict sent crude oil prices sharply higher, raising concerns that persistently elevated energy costs could derail the global disinflation trend and complicate the monetary policy outlook for major central banks. Asian shares also ended lower, weighed down by a selloff in semiconductor stocks. Oil prices were on track for their biggest weekly gain in three months as renewed Middle East tensions fueled supply concerns. Investor sentiment toward chipmakers weakened this week, with funds reportedly rotating into sectors such as banking following strong earnings from major lenders. The shift left Asian markets, which have significant exposure to semiconductor stocks, particularly vulnerable. South Korean markets were closed for a public holiday. On Thursday, the government announced a temporary ban on new exchange-traded funds (ETFs) linked to certain major technology companies and raised minimum deposit requirements for retail investors investing in such products to curb market volatility. The U.S. launched another wave of strikes against Iran on Thursday to "further degrade Iranian military capabilities," according to a statement from U.S. Central Command. Overnight, Wall Street ended lower as losses in semiconductor stocks dragged the Nasdaq and the S&P 500 despite encouraging economic data and a strong start to the second-quarter earnings season. The Dow Jones Industrial Average fell 105.32 points, or 0.20%, to 52,553.32. The S&P 500 declined 38.63 points, or 0.51%, to 7,533.77, while the Nasdaq Composite dropped 387.28 points, or 1.47%, to 25,881.95. On the macroeconomic front, U.S. data released on Thursday showed resilient consumer demand, with strong core retail sales, lower-than-expected jobless claims, and robust manufacturing activity in the Northeast. However, the housing sector remained under pressure. Pending home sales fell more than expected, while homebuilder sentiment weakened as high borrowing costs and affordability challenges continued to weigh on prospective buyers. Stocks in Spotlight: Federal Bank rallied 6.55% after the bank's standalone net profit jumped 36.57% year-on-year (YoY) to Rs 1,176.93 crore in Q1 FY27, compared with Rs 861.75 crore in the corresponding quarter last year. Total income increased 6.24% YoY to Rs 8,286.69 crore in Q1 FY27. Jio Financial Services added 2.99% after the companys consolidated net profit jumped to Rs 830 crore in Q1 FY27 from Rs 325 crore in Q1 FY26, thereby registering a growth of 156% on year-on-year (YoY) basis. Tech Mahindra jumped 3.96% after the company reported a steady performance for the quarter ended 30 June 2026, supported by strong deal momentum and margin expansion. On a consolidated basis, profit after tax (PAT) rose 28.45% year on year (YoY) to Rs 1,465.1 crore in Q1 FY27 from Rs 1,140.6 crore in Q1 FY26. On a sequential basis, PAT increased 8.22% from Rs 1,353.8 crore in Q4 FY26. Wipro fell 1.04% after the company reported a 4.69% decline in consolidated net profit to Rs 3,356.3 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 3,521.6 crore posted in Q4 FY26. Revenue from operations rose 1% QoQ to Rs 24,478.6 crore in the quarter ended 30 June 2026. Amal hit the 20% upper circuit after the company reported strong earnings for the quarter ended 30 June 2026. On a consolidated basis, the company's net profit surged 77.98% YoY and 780.53% QoQ to Rs 16.73 crore in Q1 FY27. Revenue from operations soared 104.06% YoY and 27.46% QoQ to Rs 96.54 crore in the June 2026 quarter. CEAT tumbled 7.28% after the company reported a 96.43% year-on-year decline in consolidated net profit to Rs 4 crore in Q1 FY27, compared with Rs 112 crore in Q1 FY26. Revenue from operations rose 22.36% year on year to Rs 4,318 crore in the first quarter of FY27 from Rs 3,529 crore a year earlier. WeWork India Management fell 6.68% after the company reported a consolidated net loss for the June 2026 quarter. The company's net loss narrowed to Rs 4.31 crore in Q1 FY27 from a loss of Rs 14.10 crore in Q1 FY26. However, on a sequential basis, it slipped into a loss from a profit of Rs 65.55 crore reported in Q4 FY26. Revenue from operations increased 27.74% YoY but declined 1.76% QoQ to Rs 683.83 crore in the June 2026 quarter. Indobell Insulations surged 14.82% after the company announced that it had secured four domestic orders worth a combined Rs 14.75 crore from Sundaram Brake Linings for the supply of nodulated wool and ceramic fibre nodules. Polycab India declined 3.99%. The company reported 33% rise in consolidated net profit to Rs 7,96.7 crore on a 39% increase in revenue to Rs 8,209.7 crore in Q1 FY27 as compared with Q1 FY26. Time Technoplast rose 2.43% after the company secured an order worth approximately Rs 38.14 crore from Hindustan Petroleum Corporation (HPCL) for the supply of 1.40 lakh 10-kg Type IV Composite LPG Cylinders. The order was awarded through the Government e-Marketplace (GeM) and is scheduled to be executed within six months, the company said. IPO Update: Caliber Mining and Logistics received bids for 92.02 lakh shares as against 78.35 lakh shares on offer, as per NSE data as of 16:36 hours on Friday (17 July 2026). The issue was subscribed 1.17 times. The issue opened for bidding on Friday (17 July 2026) and it will close on Tuesday (21 July 2026). The price band of the IPO is fixed between Rs 402 to Rs 424 per share. First Published: Jul 17 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee rose 14 paise to settle at 96.28 (provisional) against the US dollar on Friday after four consecutive sessions of decline. Elevated tensions in West Asia, which pushed up global oil prices, maintained pressure on the local unit. However, Indian shares that rallied today with expectations around an upcoming MSCI Index rebalancing and the cooling of Asia's AI chip rally boosted sentiments. The Indian benchmark indices ended sharply higher today, with the BSE Sensex surging 964.58 points (1.25%) to close at 78,151.45 and the NSE Nifty 50 rallying 261.55 points (1.09%) to settle at 24,334.30. In the interbank foreign exchange market, the rupee opened at 96.35 against the greenback and traded in a narrow range of 96.27-96.41. Eventually it settled at 96.28 (provisional), up 14 paise from its previous close. First Published: Jul 17 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Globus Spirits' standalone net profit jumped 48.68% year on year to Rs 27.55 crore in Q1 FY27 from Rs 18.53 crore in Q1 FY26. Revenue from operations rose 12.84% year on year to Rs 788.76 crore in Q1 FY27 from Rs 699.02 crore in the corresponding quarter of the previous year. Profit before tax (PBT) increased 57.23% to Rs 37.42 crore in Q1 FY27 from Rs 23.80 crore in Q1 FY26. EBITDA jumped 33% to Rs 79.5 crore in Q1 FY27 from Rs 60 crore in Q1 FY26. EBITDA margin improved to 10% from 9% a year earlier. Total expenses rose 20.21% year on year to Rs 1,116.13 crore during the quarter. Employee benefits expense stood at Rs 30.68 crore (up 8.79% YoY), while other expenses increased to Rs 150.77 crore (up 15.51% YoY). In Q1 FY27, revenue from the Prestige & Above segment surged 35% year on year to Rs 35 crore, while sales volume grew 45% to 0.42 million cases. Globus Spirits is primarily engaged in the business of manufacturing and selling Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), bulk alcohol, hand sanitizer, and franchise bottling. Shares of Globus Spirits declined 5.62% to close at Rs 931.80 on the BSE. First Published: Jul 17 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Infy, Reliance Inds and TCS were top traded contracts In the cash market, the Nifty 50 index jumped 261.55 points or 1.09% to 24,334.30. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 2.07% to 13.15. Infosys, Reliance Industries and Tata Consultancy Services (TCS) were the top-traded individual stock futures contracts in the F&O segment of the NSE. The July 2026 F&O contracts will expire on 28 July 2026. First Published: Jul 17 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 17 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Artson announced that it has received a Letter of Intent (LOI) worth Rs 14.63 crore from TKIL Industries for a project at JSW Jaigarh Port. The company said the contract does not constitute a related-party transaction. It also clarified that neither its promoters nor members of the promoter group have any interest in the award of the contract. Artson, formerly known as Artson Engineering, is engaged in design, engineering, procurement and construction (EPC) services for the oil, gas and hydrocarbon processing industry. The company specializes in tankages, piping and other mechanical packages and also undertakes structural fabrication works through its manufacturing facilities in Nashik and Nagpur. For the quarter ended 30 June 2026 (Q1 FY27), Artson reported a standalone net loss of Rs 0.41 crore, compared with a net profit of Rs 0.22 crore in the corresponding quarter of the previous fiscal. Revenue from operations declined 41.59% year-on-year to Rs 26.13 crore. Shares of Artson fell 0.85% to close at Rs 157.50 on the BSE. First Published: Jul 17 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Waaree Energies announced that it has received an international order to supply 212 MW of solar modules from a renowned customer that owns and manages utility-scale renewable power projects. The company said the order does not constitute a related-party transaction. It also clarified that neither its promoters nor members of the promoter group have any interest in the award of the contract. Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. On a consolidated basis, the company reported a 71.4% YoY jump in net profit to Rs 1,061.10 crore in Q4 FY26, compared with Rs 618.91 crore in the same quarter last year. Revenue from operations surged 111.8% YoY to Rs 8,480.25 crore for the quarter ended 31 March 2026. Shares of Waaree Energies rose 0.17% to Rs 2,835 on the BSE. First Published: Jul 17 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 12.71% to Rs 788.78 crore First Published: Jul 17 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 9.90% to Rs 46662.00 crore First Published: Jul 17 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 19.48% to Rs 6518.19 crore First Published: Jul 17 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 37.77% to Rs 190.75 crore First Published: Jul 17 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 142.37% to Rs 5.72 crore First Published: Jul 17 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total Operating Income rise 9.94% to Rs 7861.58 crore First Published: Jul 17 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty MidCap, SmallCap indices slip up to 1% even as Nifty rose nearly 1% in Friday's trade. First Published: Jul 17 2026 | 2:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Silver outlook: Hawkish Fed, West Asia tensions weigh; may test $54 First Published: Jul 17 2026 | 2:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 17 2026 | 2:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Chairman Mukesh Ambani, his wife and three children -- Isha, Akash and Anant -- hold 16.1 million shares, or 0.12 per cent stake, each in Reliance The promoter group of Reliance Industries Ltd increased shareholding by nearly 0.5 percentage points during the June quarter through market purchases, reinforcing its long-term commitment to the country's most valuable company. Regulatory shareholding data showed the promoter and promoter group raised their stake to 50.48 per cent at the end of the June quarter from about 50 per cent three months earlier. The purchases were made within the limits permitted under the Securities and Exchange Board of India's (Sebi's) creeping acquisition regulations, which allow promoters to gradually increase ownership without triggering a mandatory open offer, subject to prescribed thresholds. Market analysts believe market purchases by the promoter group would have cost ?8,500-9,000 crore. Reliance Chairman Mukesh Ambani, his wife and three children -- Isha, Akash and Anant -- hold 16.1 million shares, or 0.12 per cent stake, each in Reliance, according to the latest shareholding filing by the company. His mother K D Ambani holds 31.4 million shares, or 0.24 per cent, in Reliance. Rest of the shares are held through promoter group entities with Srichakra Commercials LLP holding the largest at 10.93 per cent. Devarshi Commercials LLP, Karuna Commerfcial LLP, and Tattvam Enterprises LLP hold 8.06 per cent stake each. The move comes at a time when Reliance continues to invest heavily across its retail, digital, new energy, and consumer businesses while pursuing long-term growth opportunities. A higher promoter stake is generally viewed as a signal of management's confidence in the company's prospects and can strengthen promoter control, while also reducing the public float marginally. Analysts say such transactions often reflect a view that the stock offers attractive long-term value rather than signalling any imminent corporate action. The increase is unlikely to have any immediate operational impact but could be interpreted positively by investors as an expression of promoter conviction in Reliance's earnings trajectory and future capital allocation plans. The move, analysts said, signals promoter confidence in Reliance's long-term growth outlook. It is seen as a positive sentiment for minority investors as promoter buying is often viewed as a confidence signal. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 17 2026 | 2:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total Operating Income rise 12.79% to Rs 9725.90 crore First Published: Jul 17 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 104.06% to Rs 96.54 crore First Published: Jul 17 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 5.58% to Rs 2.08 crore First Published: Jul 17 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 36.67% to Rs 470.44 crore First Published: Jul 17 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 17 2026 | 2:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For supply and installation of advanced HTLS conductors The project entails replacing conventional conductors with advanced HTLS conductors that significantly enhance transmission capacity while utilizing the existing tower infrastructure. By enabling utilities to carry substantially higher current without requiring additional right-of-way or tower replacement, reconductoring offers a faster, more cost- effective and sustainable approach to strengthening the power transmission network. The order, valued at approximately Rs 4.15 crore, represents Laser's first commercial deployment of advanced conductor technology under its manufacturing agreement with TS Conductor Corp., USA, executed in March 2025. The project will utilize Aluminium Encapsulated Carbon Core Conductors (AECC) manufactured by Laser in India using TS Conductor's proprietary pre-tensioned carbon fibre composite core technology. First Published: Jul 17 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Laser Power extends post-listing rally, jumps 10% on institutional buying First Published: Jul 17 2026 | 1:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The event brought together policymakers, industry representatives, trade experts and MSME stakeholders to deliberate on practical strategies for strengthening the global competitiveness of Indian Micro, Small and Medium Enterprises (MSMEs). The guidebook addresses common challenges faced by MSMEs, including limited access to market information, inadequate knowledge of overseas buyers, difficulties in complying with international standards and certifications, and maintaining price competitiveness. It provides a practical roadmap by simplifying market analysis, explaining standards and certification requirements, offering guidance on identifying buyers, and highlighting reliable, freely available tools that can reduce the cost of market research. The publication is intended to enable MSMEs to make informed business decisions and participate more effectively in international trade. First Published: Jul 17 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PTC Industries has secured a strategic order from BrahMos Aerospace for the development, integration and supply of a mission-critical missile sub-system for the BrahMos programme. The order represents PTC Industries' first major contract in the systems and sub-systems segment, expanding its role beyond the supply of critical materials and precision components to the integration of complex assemblies for advanced aerospace and defence platforms. The contract involves the development and integration of a mission-critical structural assembly designed to operate under the demanding structural, thermal and dynamic conditions associated with supersonic applications. The company did not disclose the value of the order or programme-specific configuration details. According to the company, the project requires advanced manufacturing capabilities, specialised joining processes, hermetic sealing, intricate control assemblies, high-precision final integration and rigorous quality inspection to ensure structural integrity, alignment, balance and operational reliability. PTC Industries said the order expands the scope of its PTC ONE From Melt to Mission manufacturing platform by extending its capabilities from materials, castings and precision components to complex systems and sub-systems integration. The company added that the award underscores BrahMos Aerospace's confidence in its engineering capabilities, manufacturing expertise, quality systems and execution track record, while validating its long-term strategy of building an integrated aerospace and defence manufacturing platform to support India's strategic programmes. Sachin Agarwal, Chairman & Managing Director, PTC Industries, said: This is a historic order for PTC Industries and a defining milestone in our journey. This order marks our movement beyond materials and components into sophisticated systems and sub-systems for strategic defence platforms. Over the past several years, we have been building PTC ONE our From Melt to Mission manufacturing system with the belief that India must develop deeper, more integrated capability in critical aerospace and defence manufacturing. This order adds an important new dimension to that journey. It validates our long-term strategy of building an integrated enterprise capable of serving larger and more complex parts of the value chain. More importantly, it reflects the trust placed in PTC by BrahMos Aerospace for one of Indias most important strategic programmes. We believe this order opens a new avenue of growth for PTC and strengthens our role in advancing Indias self-reliance and global parity in critical defence and aerospace manufacturing. PTC Industries manufactures precision metal components and strategic materials used in critical applications. Through its wholly owned subsidiary, Aerolloy Technologies, the group produces titanium and superalloy materials and components for the aerospace, defence, and space sectors, catering to customers in India and overseas markets. The companys consolidated net profit surged 143.83% to Rs 59.91 crore in Q4 FY26 from Rs 24.57 crore in Q4 FY25. Revenue from operations jumped 84.95% YoY to Rs 225.47 crore in the quarter ended 31st March 2026. The scrip shed 0.46% to Rs 17,449.95 on the BSE. First Published: Jul 17 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Jul 17 2026 | 1:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In tandem with the acquisition, the company announced that MTRPL has been awarded the AS9100D Certification for Precision Machined Components and Bearings for Aerospace & Defencethe gold standard for aviation manufacturing excellence. This acquisition extends NRB's capabilities well beyond its core automotive and industrial verticals. It positions the Group to capture a meaningful share of the estimated $14.5B-$16.5B global aerospace ecosystem for critical components, including landing gear parts, fuel injection systems, emergency doors, and plain spherical bearings. First Published: Jul 17 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On the sidelines of the Business Forum, two Memoranda of Understanding were signed between the Confederation of Indian Industry (CII) and Business Finland and between CII and the Confederation of Finnish Industries (EK), creating new institutional mechanisms to promote industry collaboration and facilitate greater business engagement between the two countries. Indian and Finnish companies also participated in sector-specific interactions covering digital and frontier technologies, space, clean energy, bio-economy, circular economy, infrastructure and advanced manufacturing, exploring opportunities for collaboration, investment and technology partnerships. First Published: Jul 17 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Polycab India reported 33% rise in consolidated net profit to Rs 7,96.7 crore on a 39% increase in revenue to Rs 8,209.7 crore in Q1 FY27 as compared with Q1 FY26. Total operating expenses for the period under review rose 12.6% YoY to Rs 821.5 crore from Rs 729.6 crore in the same period last year. While EBITDA improved by 32.5% YoY to Rs 1,136.2 crore, EBITDA margin contracted by 70 basis points YoY to 13.8% in Q1 FY27. Profit before tax in Q1 FY27 stood at Rs 1,058.2 crore, up by 32.2% from Rs 800.6 crore in Q1 FY26. Inder T. Jaisinghani, chairman and managing director, Polycab India, said: "We have entered FY2027 with strong momentum, achieving our highest-ever first-quarter revenue and profit performance. The Wires and Cables segment maintained its robust growth trajectory, supported by healthy domestic demand and effective operational execution. Our FMEG business delivered an outstanding quarter, continuing to strengthen its profitability through a strong product portfolio, enhanced operational efficiencies and a growing shift towards premium products. Our international business continues to be a key driver of the next phase of growth, supported by a strong order book. Meanwhile, the EPC segment remains on a solid footing, underpinned by a healthy order backlog and a strong project execution pipeline. Looking ahead, sustained government infrastructure investments and improving on-ground project implementation are expected to create significant growth opportunities. Supported by a strong financial position and ongoing investments in capacity enhancement, innovation, and distribution expansion, we are well-positioned to strengthen our market leadership and deliver sustainable, industry-leading growth over the long term." Polycab India (PIL) is Indias largest manufacturer of wires and cables and one of the fastest growing FMEG companies. The scrip fell 3.93% to currently trade at Rs 8854 on the BSE. First Published: Jul 17 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nikkei lost 5.8 per cent to 62,945.97, while the Hang Seng in Hong Kong shed 2 per cent to 24,514.29 | REUTERS Asian shares skidded Friday, with Tokyo's Nikkei 225 down 5 per cent as heavy selling of computer chipmakers and other AI-related shares dragged markets lower. South Korean markets were closed Friday, but shares in Taiwan also fell more than 5 per cent. Stocks related to artificial intelligence have been under pressure for weeks because of worries that their prices have shot too high and that voracious demand for computer memory and processors may not be sustainable if AI ends up not producing as much profit and productivity as promised. Oil prices surged as fighting in the Middle East intensified, while US futures slipped. The Nikkei lost 5.8 per cent to 62,945.97, while the Hang Seng in Hong Kong shed 2 per cent to 24,514.29. The Shanghai Composite index was 1.6 per cent lower at 3,818.59. In Australia, the S&P/ASX 200 declined 0.7 per cent to 8,775.70. On Thursday, the S&P 500 fell 0.5 per cent even though nearly three out of every four stocks in the index rose after more of the country's biggest companies reported better earnings for the latest quarter than analysts expected. The Dow Jones Industrial Average dipped 0.2 per cent, and the Nasdaq composite lost 1.5 per cent. Nvidia fell 2.4 per cent, making it the heaviest weight on the index. Other stocks that have benefited from strong demand for AI also sank, giving back some of their stellar gains. Micron Technology fell 5.6 per cent to shave its gain for the year so far below 199 per cent. SanDisk fell 12.6 per cent but is nevertheless up 494 per cent for the year. Western Digital sank 9.2 per cent but is still up 171 per cent for the year. Oil prices are near their highest level in a month because of worries that the war with Iran will keep oil tankers out of the Strait of Hormuz and block shipments of crude from the Persian Gulf to customers worldwide. The price for a barrel of Brent crude, the international standard, rose 1.1 per cent to USD 85.13 per barrel. US benchmark crude oil was up 1.3 per cent at USD 79.95 per barrel. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 17 2026 | 12:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Manipal’s proposed listing is on track to be India’s biggest of 2026 so far, surpassing SBI Funds Management Ltd.’s $1 billion IPO this week First Published: Jul 17 2026 | 12:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The complaint also alleged price alignment, route allocation and exclusionary practices in the logistics sector, claiming that independent operators quoted nearly identical freight rates for transporting commodities such as cement, clinker, fertilise First Published: Jul 17 2026 | 12:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 17 2026 | 9:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The award covers the design, engineering, manufacture, testing, packing, dispatch and transportation on a Delivery-at-Place (DAP) basis of: 1,050 Km of AL59 Moose Conductor for the Tuticorin Project; and 3,770 Km of AL59 Zebra Conductor for the Pune-III Project. The order is valued at Rs. 185.16 crore inclusive of packing, forwarding, freight and transit insurance, and exclusive of GST aggregating to approximately Rs. 218.49 crore including GST. The contract is on a variable-price basis linked to aluminium LME and USD/INR movements through an agreed price variation formula, and the realised value may therefore differ. Deliveries are scheduled between July 2026 and February 2027. First Published: Jul 17 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 52.21% to Rs 10.38 crore First Published: Jul 17 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SBI Funds Management IPO allotment today: Step-by-step guide to check status First Published: Jul 17 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A press release suggested Trump would indeed be part of the offering President Donald Trump's media company is planning to charge for special high-speed access to Truth Social posts, including possibly his own affecting national security and financial markets. The move announced Thursday would allow Wall Street trading firms and other institutions to get news from Truth Social contributors in milliseconds so they could profit off subsequent moves in stocks, bonds and interest rates. Called Truth PSI, it would mimic paid access at other platforms with one key difference: The most popular Truth Social poster is the president himself and, as the biggest shareholder of the public traded parent company, would directly benefit. "He's selling expedited, privileged access to information about what he is doing as president," said Kathleen Clark of Washington University School of Law and an expert in government conflicts of interest rules. "It's yet more brazen corruption, an improper exploitation of government power to enrich himself." The Trump family company declined to comment. Truth Social's public parent, Trump Media & Technology, did not immediately respond to emailed questions, including whether the president's posts will be excluded from the offering. A press release suggested Trump would indeed be part of the offering, stating it would allow traders to see "the highest-ranking Truth Social accounts" ahead of others. The president has 12.9 million followers on the platform. The release did not say how much customers would be charged. In the past few months, Trump has announced decisions and musings on his platform including posts about the Iran war, tariffs and the US Immigration and Customs Enforcement crackdown in US cities. The Iran posts in particular are impactful because investors are worried that higher oil prices will continue to stoke inflation and possibly force the Federal Reserve to raise interest rates. The announcement comes as stock in Trump Media & Technology has plunged 70 per cent since the president took office last year. Trump Media said that it hopes start the service next month and that it has already signed up customers. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 17 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty July 2026 futures currently traded 84.00 points lower, suggesting a red opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 4,205.56 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,986.41 crore in the Indian equity market on 16 July 2026, provisional data showed. The FIIs have sold shares worth Rs 4,170.46 crore so far in July (till 16 July 2026). This follows their cash sales of Rs 49,028.63 crore in June, Rs 55,963.33 crore in May and Rs 70,135.46 crore in April. Global Markets: Asian markets traded lower on Friday as the drag from chipmakers weighed on global equity indexes, while oil prices were set for their sharpest weekly rise ?in three months as tensions in the Middle East erupted anew. Investors this week reportedly rotated out of semiconductor plays into other sectors such as banking after robust earnings from major lenders, leaving Asia vulnerable to the selloff given its heavier exposure to chips. Markets in South Korea were closed for a holiday, after the government on Thursday announced it will temporarily ban new listings of exchange-traded funds (ETFs) that are tied ??to certain major technology firms, while raising minimum required deposits for retail investors to invest in such products, in an effort to curb volatility. On the other end, Oil prices were on the rise, with Brent crude futures up 0.7% to $84.83 a barrel, while U.S. crude advanced 0.7% to $79.49 per barrel. The U.S. began conducting a new wave of strikes against Iran on Thursday to "further degrade Iranian military capabilities", the U.S. Central Command said in a statement. Overnight on Wall Street, chip stocks pulled the Nasdaq and the S&P 500 lower on Thursday as they continued to lead broader market moves despite generally upbeat U.S. economic data and ?a strong start to second-quarter earnings season. The Dow Jones Industrial Average (DJI) fell 105.32 points, or 0.20%, to 52,553.32, the S&P 500 (SPX) lost 38.63 points, or 0.51%, to 7,533.77 and the Nasdaq Composite (IXIC) lost 387.28 points, or 1.47%, to 25,881.95. On the data front, a spate of U.S. economic indicators released on Thursday showed solid core retail sales, a drop in jobless claims ??and surging manufacturing activity in the Northeast. Less positive data came from the housing sector, with a bigger than expected drop in pending home sales and souring homebuilder sentiment reflecting high borrowing costs and strained affordability for would-be homebuyers. Domestic Market: Domestic equity benchmarks surrendered most of their intraday gains on Thursday as investors booked profits amid weak global cues. The Nifty slipped below the 24,100 mark after touching an intraday high of 24,186.50 in morning trade. Sentiment remained cautious amid escalating US-Iran tensions, fuelling concerns over higher crude oil prices and their potential impact on global inflation. Meanwhile, a sell-off in global semiconductor stocks weighed on overseas markets. However, gains in IT, auto and consumer durable stocks helped limit the downside. Technically, the Nifty remains range-bound, with a decisive move above the 24,200-24,260 zone needed to revive bullish momentum, while a breach below 24,000 could trigger fresh selling. The S&P BSE Sensex advanced 1.44 points or 0.00% to 77,186.67. The Nifty 50 index fell 5.75 points or 0.02% to 24,072.75. First Published: Jul 17 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 4.41 crore First Published: Jul 17 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 27.74% to Rs 683.83 crore First Published: Jul 17 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 13.70% to Rs 88.33 crore First Published: Jul 17 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 19.30% to Rs 454.56 crore First Published: Jul 17 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 16 2026 | 7:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Waaree Energy Storage Solutions (Waaree ESS), a subsidiary of Waaree Energies, today announced the commencement of its Battery Energy Storage System (BESS) Container Manufacturing Facility. This BESS Container Manufacturing facility is of 5.15 GWh - uprated from an originally planned 3.5 GWh, driven by debottlenecking of production throughput and improved energy density of battery cells. The facility is equipped with advanced Industry 4.0 technologies, Automated Guided Vehicles (AGVs), intelligent material handling, automated assembly lines, and advanced testing and quality assurance systems. The BESS container facility is the first milestone in Waaree ESS's manufacturing roadmap of 20 GWh. In the current financial year, the company intends to operationalize below facilities: First Published: Jul 16 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Younger consumers are emerging as a key growth engine, drawn by the opportunity to own iconic global brands at more accessible price points This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 16 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
AstraZeneca Pharma India has received nod from the Central Drugs Standard Control Organization, Directorate General of Health Services, govt of India, to import Benralizumab solution for injection in pre-filled syringe for sale and distribution. The receipt of this permission paves the way for the marketing of Benralizumab 30 mg/ml solution for injection in a pre-filled syringe (brand name: Fasenra) in India for the specified additional indication, subject to receipt of related statutory approvals, if any. AstraZeneca is a global biopharmaceutical company focused on the discovery, development, and commercialization of prescription medicines in four areas: Oncology, Cardiovascular, Renal & Metabolism, and Respiratory & Rare Diseases. It operates in over 100 countries. The companys standalone net profit declined 22.95% to Rs 44.88 crore in the quarter ended March 2026 as against Rs 58.25 crore during the previous quarter ended March 2025. Sales rose 20.42% to Rs 578.61 crore in the quarter ended March 2026 as against Rs 480.48 crore during the previous quarter ended March 2025. The counter slipped 1.77% to Rs 8,092 on the BSE. First Published: Jul 16 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 12.70% to Rs 54.16 crore First Published: Jul 16 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.71% to Rs 1338.09 crore First Published: Jul 16 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 6.50% to Rs 993.11 crore First Published: Jul 16 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 10.82% to Rs 13.52 crore First Published: Jul 16 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Jul 16 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Domestic equity benchmarks surrendered most of their intraday gains on Thursday as investors booked profits amid weak global cues. The Nifty slipped below the 24,100 mark after touching an intraday high of 24,186.50 in morning trade. Sentiment remained cautious amid escalating US-Iran tensions, fuelling concerns over higher crude oil prices and their potential impact on global inflation. Meanwhile, a sell-off in global semiconductor stocks weighed on overseas markets. However, gains in IT, auto and consumer durable stocks helped limit the downside. Technically, the Nifty remains range-bound, with a decisive move above the 24,200-24,260 zone needed to revive bullish momentum, while a breach below 24,000 could trigger fresh selling. The S&P BSE Sensex advanced 1.44 points or 0.00% to 77,186.67. The Nifty 50 index fell 5.75 points or 0.02% to 24,072.75. Eternal (down 3%), SBI Life Insurance Company (down 2.27%) and HDFC Bank (down 0.87%) were major Nifty drags today. In the broader market, the BSE 150 MidCap Index fell 0.30% and the BSE 250 SmallCap Index jumped 0.10%. The market breadth was negative. On the BSE, 2,012 shares rose and 2,224 shares fell. A total of 213 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.92% to 12.88. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.32% to 6.753 compared with the previous session close of 6.775. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 96.3300 compared with its close of 96.2500 during the previous trading session. MCX Gold futures for 5 August 2026 settlement fell 0.19% to Rs 141,585. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.01% to 100.53. The United States 10-year bond yield rose 0.62% to 4.573. In the commodities market, Brent crude for September 2026 settlement fell 22 cents, or 0.26%, to $84.73 a barrel. Despite the decline, oil prices remained close to one-month highs amid escalating tensions in the Middle East. The United States continued military strikes on Iran, while Tehran warned that the conflict could escalate into an "existential war" with Washington. Global Markets: US Dow Jones futures were up 89 points, signalling a positive start for Wall Street later in the day. European shares traded lower on Thursday as escalating military tensions between the United States and Iran kept oil prices near one-month highs, fuelling concerns over inflation and the global economic outlook. The UK economy expanded 0.1% in May despite higher energy costs linked to the Iran conflict. According to the Office for National Statistics (ONS), growth was driven by a 0.3% increase in the services sector, partly offset by declines of 0.5% in production and 0.8% in construction. Scientific research was the biggest contributor to growth, with output in the sector rising 5.1% during the month. Asian shares mostly ended lower as semiconductor stocks came under pressure ahead of quarterly results from Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker. Meanwhile, bonds gained after another softer-than-expected U.S. inflation reading eased concerns over near-term interest rate hikes. In South Korea, the central bank raised its benchmark interest rate to 2.75%, the first increase in three-and-a-half years, as expected, to support the weakening won and curb persistent inflation. Overnight, Wall Street ended higher as softer-than-expected inflation data and a strong start to the second-quarter earnings season boosted investor sentiment. The Dow Jones Industrial Average rose 150.91 points (0.3%) to 52,659.18, the S&P 500 gained 0.4% to 7,572.43, and the Nasdaq Composite advanced 0.6% to 26,269.23. A weaker-than-expected U.S. producer price index (PPI) reinforced expectations that inflation is easing, supporting hopes that the Federal Reserve will keep interest rates unchanged. The U.S. PPI fell 0.3% in June after rising 1.1% in May. Investor sentiment was also supported by strong earnings from major financial institutions, while lower Treasury yields boosted demand for growth stocks, particularly large-cap technology companies. New Listing: Shares of Laser Power & Infra ended their debut session at Rs 262.85 on the BSE, a 22.83% premium to the issue price of Rs 214. The stock listed at Rs 269, reflecting a 25.70% premium over the issue price. During the session, it touched a high of Rs 269.80 and a low of Rs 250. More than 67.51 lakh shares changed hands on the BSE. Stocks in Spotlight: ABB India surged 6.26% after its global parent, ABB Ltd, reported strong second-quarter results and said order inflows from India grew 81% year-on-year during the quarter. The reported growth significantly exceeded market expectations. According to consensus estimates, analysts had expected India order inflows to increase by around 20%. The 81% jump marks one of the strongest performances for ABB's India business in recent years. ICICI Lombard General Insurance plunged 10.78% after the company reported a 46.03% YoY decline in standalone net profit to Rs 403.17 crore for Q1 FY27, compared with Rs 747.08 crore in the corresponding quarter last year. However, total income rose 12% YoY to Rs 6,813.71 crore in the quarter ended 30 June 2026. HDFC Life Insurance Company fell 0.13%. The company reported standalone net profit of Rs 611.19 crore in Q1 FY27, up 11.89% as against Rs 546.46 crore in Q1 FY26. Net premium income rose 14.39% year on year (YoY) to Rs 16,547.97 crore in Q1 FY27 over Q1 FY26. Bharat Heavy Electricals (BHEL) added 5.30% after the company reported a consolidated net profit of Rs 376.71 crore in Q1 FY27, compared with a net loss of Rs 455.50 crore in Q1 FY26. Revenue from operations rose 40.29% year on year to Rs 7,697.72 crore in the first quarter of FY27. Angel One declined 2.52%. the broker reported a robust financial performance for the quarter ended 30 June 2026, with consolidated net profit surging 102.14% year on year to Rs 231.40 crore in Q1 FY27 from Rs 114.47 crore in the corresponding quarter of the previous year. Total revenue from operations jumped 25.35% YoY to Rs 1,429.69 crore in the quarter ended 30 June 2026. South Indian Bank fell 0.48%. The bank reported a 17.29% year-on-year increase in standalone net profit to Rs 377.63 crore in Q1 FY27, compared with Rs 321.95 crore in Q1 FY26. Total income increased marginally by 0.76% year-on-year to Rs 3,007.30 crore in the first quarter of FY27. Jana Small Finance Bank advanced 1.87% after the bank reported 52% rise in net profit to Rs 155 crore on a 18.4% increase in operating income to Rs 1,009 crore in Q1 FY27 as compared with Q1 FY26. Mangalore Refinery and Petrochemicals (MRPL) surged 10.56% after the company reported a consolidated net profit of Rs 916.69 crore in Q1 FY27, compared with a net loss of Rs 271.33 crore in Q1 FY26. Revenue from operations (excluding net excise duty) jumped 120.4% year on year (YoY) to Rs 38,254.19 crore in the quarter ended 30 June 2026. Lotus Chocolate Company fell 6.46% after the company's standalone net profit declined 99.32% year-on-year to Rs 0.02 crore in Q1 FY27, compared with Rs 2.99 crore in the same period last year. Revenue from operations declined 42.06% year-on-year to Rs 91.95 crore in Q1 FY27, from Rs 158.71 crore in Q1 FY26. Initial Public Offer (IPO): SBI Funds Management IPO received bids for 518.93 crore shares as against 12.45 crore shares on offer, according to stock exchange data at 17:00 IST on Thursday (16 July 2026). The issue was subscribed 41.66 times. The issue opened for bidding on 14 July 2026 and it will close on 16 July 2026. The price band of the IPO is fixed between Rs 545 and 574 per share. Alphine Texworld received bids for 1.68 crore shares as against 1.20 crore shares on offer, as per NSE data as of 17:00 hours on Thursday (16 July 2026). The issue was subscribed 1.40 times. The issue opened for bidding on Tuesday (14 July 2026) and it will close on Thursday (16 July 2026). The price band of the IPO is fixed between Rs 100 to Rs 105 per share. First Published: Jul 16 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 16 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 73.22% to Rs 6.08 crore First Published: Jul 16 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 6.52% to Rs 565.10 crore First Published: Jul 16 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.68% to Rs 15711.90 crore First Published: Jul 16 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 27.82% to Rs 3268.66 crore First Published: Jul 16 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 10.59% to Rs 24478.60 crore First Published: Jul 16 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.06% to Rs 405.69 crore First Published: Jul 16 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 16 2026 | 5:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BHEL, Dixon Tech, TCS were top traded contracts In the cash market, the Nifty 50 index fell 5.75 points or 0.02% to 24,072.75.. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.92% to 12.88. Bharat Electronics (BHEL), Dixon Technologies (India) and Tata Consultancy Services (TCS) were the top-traded individual stock futures contracts in the F&O segment of the NSE. The July 2026 F&O contracts will expire on 28 July 2026. First Published: Jul 16 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 34.52% to Rs 1226.09 crore First Published: Jul 16 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 57.41% to Rs 111.18 crore First Published: Jul 16 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 36.67% to Rs 470.44 crore First Published: Jul 16 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Going ahead, investors will closely monitor further developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season and the progress of the southwest monsoon for cues on the market's near-term direction. Consumer durables, media and IT shares advanced while realty, PSU Bank and metal shares declined. As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 1.44 points or 0.00% to 77,186.67. The Nifty 50 index fell 5.75 points or 0.02% to 24,072.75. In the broader market, the BSE 150 MidCap Index fell 0.30% and the BSE 250 SmallCap Index jumped 0.10%. The market breadth was negative. On the BSE, 2,012 shares rose and 2,224 shares fell. A total of 213 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.92% to 12.88. In the commodities market, Brent crude for September 2026 settlement declined 33 cents or 0.39% to $84.62 a barrel. New Listing: Shares of Laser Power & Infra ended at Rs 264.35 on the BSE, representing a premium of 23.53% as compared with the issue price of Rs 214. The stock debuted at Rs 269, marking a premium of 25.7% to the issue price. The stock has hit a high of Rs 269.80 and a low of Rs 250. On the BSE, over 67.46 lakh shares of the company were traded in the counter. Initial Public Offer (IPO): The initial public offer (IPO) of Alphine Texworld received bids for 1.63 crore shares as against 1.20 crore shares on offer, as per NSE data as of 15:30 hours on Thursday (16 July 2026). The issue was subscribed 1.36 times. The issue opened for bidding on Tuesday (14 July 2026) and it will close on Thursday (16 July 2026). The price band of the IPO is fixed between Rs 100 to Rs 105 per share. The minimum order quantity is 142 equity shares. SBI Funds Management IPO received bids for 514.74 crore shares as against 12.45 crore shares on offer, according to stock exchange data at 15:30 IST on Thursday (16 July 2026). The issue was subscribed 41.32 times. The issue opened for bidding on 14 July 2026 and it will close on 16 July 2026. The price band of the IPO is fixed between Rs 545 and 574 per share. An investor can bid for a minimum of 26 equity shares and multiples thereof. Buzzing Index: The Nifty Consumer Durables index jumped 1.39% to 8,384.85. The index declined 0.77% in the past two trading sessions. Dixon Technologies (India) (up 6.37%), PG Electroplast (up 3.53%), Amber Enterprises India (up 2.1%), LG Electronics India (up 1.54%), Titan Company (up 1%), Kajaria Ceramics (up 0.48%), Whirlpool of India (up 0.37%), Crompton Greaves Consumer Electricals (up 0.23%) surged. India-UK Pact: The IndiaUnited Kingdom Comprehensive Economic and Trade Agreement (CETA), along with the Agreement on Social Security, also known as the Double Contribution Convention (DCC), formally entered into force yesterday, marking a major milestone in the economic partnership between the two countries. In a post on social media, Union Minister of Commerce and Industry Piyush Goyal said that the entry into force of the IndiaUK Comprehensive Economic and Trade Agreement (CETA) and the Agreement on Social Security marks a defining milestone in IndiaUK relations. This provides zero-duty market access for nearly 99% of Indias exports and covering almost 100 per cent of trade value. The Minister noted that the Agreement creates unprecedented opportunities for sectors including textiles, leather, gems and jewellery, engineering goods, marine products, chemicals and processed foods, while benefiting MSMEs, farmers and manufacturers. He further observed that the Agreement opens new opportunities for Indias IT, professional, financial, education and business services sectors and expands mobility for Indian talent. Stocks in Spotlight: ABB India surged 6.37% after its global parent, ABB Ltd, reported strong second-quarter results and said order inflows from India grew 81% year-on-year during the quarter. The reported growth significantly exceeded market expectations. According to consensus estimates, analysts had expected India order inflows to increase by around 20%. The 81% jump marks one of the strongest performances for ABB's India business in recent years. HDFC Life Insurance Company rose 0.01%. The company reported standalone net profit of Rs 611.19 crore in Q1 FY27, up 11.89% as against Rs 546.46 crore in Q1 FY26. Net premium income rose 14.39% year on year (YoY) to Rs 16,547.97 crore in Q1 FY27 over Q1 FY26. Jana Small Finance Bank advanced 1.68% after the bank reported 52% rise in net profit to Rs 155 crore on a 18.4% increase in operating income to Rs 1,009 crore in Q1 FY27 as compared with Q1 FY26. Mangalore Refinery and Petrochemicals (MRPL) surged 10.34% after the company reported a consolidated net profit of Rs 916.69 crore in Q1 FY27, compared with a net loss of Rs 271.33 crore in Q1 FY26. Revenue from operations (excluding net excise duty) jumped 120.4% year on year (YoY) to Rs 38,254.19 crore in the quarter ended 30 June 2026. Lotus Chocolate Company fell 6.54% after the company's standalone net profit declined 99.32% year-on-year to Rs 0.02 crore in Q1 FY27, compared with Rs 2.99 crore in the same period last year. Revenue from operations declined 42.06% year-on-year to Rs 91.95 crore in Q1 FY27, from Rs 158.71 crore in Q1 FY26. Angel One declined 2.53%. the broker reported a robust financial performance for the quarter ended 30 June 2026, with consolidated net profit surging 102.14% year on year to Rs 231.40 crore in Q1 FY27 from Rs 114.47 crore in the corresponding quarter of the previous year. Total revenue from operations jumped 25.35% YoY to Rs 1,429.69 crore in the quarter ended 30 June 2026. ICICI Lombard General Insurance plunged 10.45% after the company reported a 46.03% YoY decline in standalone net profit to Rs 403.17 crore for Q1 FY27, compared with Rs 747.08 crore in the corresponding quarter last year. However, total income rose 12% YoY to Rs 6,813.71 crore in the quarter ended 30 June 2026. Global Market: US Dow Jones futures added 108 points, indicating a positive start for Wall Street later today. European markets declined despite UK economy expanded by 0.1% in May despite higher energy costs stemming from the Iran conflict, according to official data. Mays slight expansion in gross domestic product was led by 0.3% growth in services, Britains Office for National Statistics said on Thursday. That was offset by falls of 0.5% in production and 0.8% in construction. The Office for National Statistics (ONS) said scientific research was the biggest contributor to monthly growth, with output in the sector rising 5.1%. Asian markets mostly ended lower on Thursday as chipmakers stumbled ahead of result from bellwether Taiwan Semiconductor Manufacturing Co's (TSMC), the world's largest manufacturer of advanced AI chips. Bonds, however, benefited from another benign reading on U.S. inflation that lessened the risk of an imminent rate hike. In a related development, South Korea's central bank raised interest rates for the first time in three and half year period to 2.75% on Thursday to stabilise a slumping won and counter persistent inflationary pressure. The decision was largely as expected. On the other side, oil prices kept climbing as hostilities heated up in the Middle East. Washington continued striking Iran after reimposing a naval blockade of its ports, while Tehran warned of an "existential war" with America. Overnight in the US, Wall Street stocks gained ground on Wednesday as softening inflation data and a robust beginning of second-quarter earnings season put investors in a buying mood. In regular trading, the Dow advanced 150.91 points, or 0.3%, to end the day at 52,659.18. The broad market S&P gained 0.4%, finishing at 7,572.43, and the tech heavy Nasdaq Composite rose 0.6% to 26,269.23. A softer-than-expected U.S. producer price index added to optimism that inflation is cooling, helping lift equities and providing some comfort to investors that the Federal Reserve will keep key interest rates on hold. The U.S. produce price index dropped 0.3% in June from 1.1% in May 2026. Additionally, strong earnings from major financial firms reassured investors that earnings growth remains intact, despite easing inflation, while lower Treasury yields boosted demand for growth stocks, particularly mega-cap technology companies. First Published: Jul 16 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Artefact Projects announced that it has secured an order worth Rs 3.08 crore from the National Highways Authority of India (NHAI). The contract is valued at Rs 3.08 crore and the execution period is 38 months. The company clarified that the order does not constitute a related-party transaction and that neither its promoters nor members of the promoter group have any interest in the award of the contract. Artefact provides engineering, architectural, and project management services for infrastructure projects, especially highways. Having a global presence through collaboration with renowned international consultants, experienced technical experts, and professionals, together with a dedicated management, Artefact is a leading name in the sector. On a standalone basis, the company's net profit declined 85.17% to Rs 0.86 crore in Q4 FY26 from Rs 5.80 crore in the corresponding quarter last year. Revenue from operations, however, increased 12.48% year on year to Rs 14.33 crore during the quarter. Shares of Artefact Projects added 0.76% to Rs 56.70 on the BSE. First Published: Jul 16 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
During the quarter, Wipro completed the buyback of 600 million equity shares at ?250 apiece First Published: Jul 16 2026 | 3:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Newgen Software Technologies slipped 3.30% to Rs 540.65 after the company reported 40.9% fall in consolidated net profit to Rs 62.82 crore on a 21.2% decline in revenue from operations to Rs 356.68 crore in Q1 FY27 as compared with Q4 FY26. Profit before tax in Q1 FY27 stood at Rs 82.12 crore, down by 43.8% from Rs 146.12 crore in Q4 FY26. As compared with Q1 FY26, the companys revenue and net profit are higher by 11.2% and 26.3%, respectively. Annuity revenue streams (ATS/AMC, support, and cloud/SaaS and Subscription license) were Rs 254 crore in Q1 FY27, up 14% YoY. Subscription revenues added up to Rs 146 crore, witnessing a growth of 21% YoY. In geographic terms, the company recorded broad-based growth, which was led by the Americas, where revenues grew 27% YoY. Further, APAC revenue grew by 12% YoY while EMEA revenues increased by 10% YoY. Virender Jeet, chief executive officer, Newgen Software Technologies, said: "During the quarter, we added 10 new customer logos, secured strategic wins across banking, insurance, and enterprise content management." Newgen Software Technologies is an information technology (IT) product company that provides solutions in enterprise content management, business process management and customer communications management. The companys customers are organisations belonging to the banking, telecommunications and insurance sectors. First Published: Jul 16 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lokesh Machines hit the 2% upper circuit at Rs 323.10 after the company announced that it has secured an order worth Rs 58.21 crore from the Master General Sustenance Branch, Integrated Headquarters, Ministry of Defence (Army), Government of India. The company clarified that the order does not constitute a related-party transaction and that neither its promoters nor members of the promoter group have any interest in the award of the contract. Lokesh Machines is engaged in the business of manufacturing special purpose machines (SPM), general purpose machines/CNC lathes (GPM), connecting rods, and machining cylinder blocks and heads. On a standalone basis, Lokesh Machines reported a sharp increase in net profit to Rs 2.15 crore in Q4 FY26 from Rs 0.13 crore in the corresponding quarter last year. Revenue from operations surged 53.4% year on year to Rs 59.36 crore during the quarter ended 31 March 2026. First Published: Jul 16 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharat Heavy Electricals (BHEL) added 1.09% to Rs 421.95 after the company reported a consolidated net profit of Rs 376.71 crore in Q1 FY27, compared with a net loss of Rs 455.50 crore in Q1 FY26. Revenue from operations rose 40.29% year on year to Rs 7,697.72 crore in the first quarter of FY27. The company reported a profit before tax of Rs 507.70 crore in the quarter, compared with a pre-tax loss of Rs 608.04 crore in the corresponding quarter of the previous year. Total expenses increased 18.08% YoY to Rs 7,415.62 crore in Q1 FY27. The cost of materials & services stood at Rs 5,839.29 crore (up 41.45%), while employee benefits expenses were at Rs 1,506.33 crore (up 2.99% YoY) during the period under review. On the segmental front, revenue from the power business stood at Rs 5,919.50 crore (up 51.82% YoY) and revenue from industry stood at Rs 1,778.22 crore (up 11.97% YoY) during the period under review. Bharat Heavy Electricals (BHEL) is an integrated engineering and manufacturing company engaged in the design, engineering, manufacture, erection, testing, commissioning and servicing of equipment for the power, transmission, industry, transportation, renewable energy, oil & gas and defence sectors. It is a Government of India-owned enterprise. First Published: Jul 16 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For development of Gems & Jewellery Park at Pandri, Raipur The joint venture company has been incorporated for development of Gems & Jewellery Park under Public Private Partnership (PPP) mode at Krishi Upaj Mandi, Mandi Road, Pandri, Raipur (Chhattisgarh). First Published: Jul 16 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian shares were mostly lower Thursday and oil prices slipped despite a flurry of strikes between the US and Iran. US futures edged higher. Selling of AI-related shares weighed on benchmarks in South Korea and Japan. An interest rate hike by the Bank of Korea also contributed to a 6.6 per cent tumble for the Kospi, to 6,816.70. It was the first rate hike by the BOK since 2023 and was aimed at helping curb inflationary pressures due to the Iran war. Memory chipmaker SK Hynix dropped 11.2 per cent, while Samsung Electronics fell 8.2 per cent. Taiwan's Taiex lost 0.3 per cent ahead of the release of an earnings report by Taiwan computer chipmaker TSMC, which is often seen as a barometer for the global industry and for the boom in artificial intelligence. US futures edged higher. Tokyo's Nikkei 225 fell 2.9 per cent to 66,767.64. Shares of Japanese memory chipmaker Kioxia plummeted 13.5 per cent. Chipmaking equipment company Tokyo Electron dropped 5.2 per cent, while chip testing equipment maker Advantest gave up 5.6 per cent. SoftBank Group shed 6.4 per cent. Hong Kong's Hang Seng was a regional outlier, gaining 1.7 per cent to 25,111.22. Alibaba's Hong Kong-traded shares climbed 4.4 per cent, after China's cyberspace regulator said Wednesday it had approved the Apple Intelligence AI tool for use in China. An Alibaba spokesperson said its Qwen model will be integrated into Apple Intelligence. The Shanghai Composite index dropped 0.9 per cent to 3,921.20. Australia's S&P/ASX 200 edged 0.2 per cent lower, to 8,820.50. India's Sensex climbed 0.3 per cent. Oil prices were lower early Thursday but were still at elevated levels as the US intensified its strikes against Iran, while Iran targeted missile and drone fire on Kuwait and Bahrain. Brent crude, the international standard, dropped 0.4 per cent to $84.55 a barrel. It was around $72 per barrel in late February before the war began. Benchmark US crude was down 0.2 per cent at $79.34 per barrel. "Oil prices managed to eke out a third day of gains amid few signs of de-escalation between the US and Iran," ING commodities strategists Warren Patterson and Ewa Manthey wrote in a commentary Thursday. Rising US-Iran tensions are "having a meaningful impact on vessel flows from the Persian Gulf," they said, with tanker traffic through the Strait of Hormuz, a crucial waterway for global oil transportation, still under pressure. On Wednesday, Wall Street's benchmark S&P 500 rose 0.4 per cent to 7,572.40. The Dow Jones Industrial Average climbed 0.3 per cent to 52,658.64, while the technology-heavy Nasdaq composite added 0.6 per cent to 26,269.23. SpaceX, Elon Musk's rocket company, slipped below its initial public offering, or IPO, price of $135 a piece, before recovering some of its losses. A US report showing inflation slowed in June and strong earnings results from American investment company BlackRock among other major firms also helped push the market higher. BlackRock's shares rose 6.6 per cent after it reported stronger-than-expected quarterly revenue and profit. In other dealings early Thursday, the US dollar fell to 162.09 Japanese yen from 162.19 yen. The euro fell slightly to $1.1467, from $1.1464. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 16 2026 | 11:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 16 2026 | 11:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The transaction was executed on Wednesday at an average price of ?1,483.50 apiece, taking the combined deal value to ?139 crore | Illustration: Binay Sinha HDFC Mutual Fund has bought 937,000 shares of multi-speciality hospital chain operator Jupiter Life Line Hospitals for ?139 crore through open market transactions, according to block deal on the BSE. Following the transaction, shares of Jupiter Life Line Hospitals on Thursday rose 2.53 per cent to trade at ?1,537.60 apiece on the exchange. HDFC Mutual Fund purchased 937,000 equity shares in two tranches, representing a 1.43 per cent stake in Mumbai-based Jupiter Life Line Hospitals Ltd (JLHL), as per the data. The transaction was executed on Wednesday at an average price of ?1,483.50 apiece, taking the combined deal value to ?139 crore. Meanwhile, two public shareholders of JLHL -- Arvind Rao Kamini and Mitul Nitin Thakker -- sold an equal number of shares at the same price, according to BSE data. In a separate bulk deal on the BSE, Nippon India Mutual Fund (MF) bought 5 lakh shares of logistics company TCI Express from HDFC MF for over ?28 crore through open market transactions. The shares were picked up at an average price of ?562 apiece, taking the size of the deal at ?28.10 crore. After the latest transaction, shares of TCI Express jumped more than 8 per cent to trade at ?607.75 apiece on Thursday. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 16 2026 | 11:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wipro had issued letter of intent to graduates in May last year, confirming their selection First Published: Jul 16 2026 | 11:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Devson Catalyst traded at Rs 202 on the BSE, a 71.19% premium to the issue price of Rs 118. The counter hit a high of Rs 205 and a low of Rs 186.35. About 18.72 lakh shares of the company changed hands at the counter. Devson Catalyst's IPO was subscribed 205. times. The issue opened for bidding on 9 July 2026 and it closed on 13 July 2026. The price band of the IPO was fixed between Rs 112 to Rs 118 per share. The IPO comprised a fresh issue of 33,38,000 shares and offer for sale (OFS) of 2,50,000 shares by existing shareholders. The company intends to utilise the net proceeds towards funding capital expenditure requirements for setting up a new manufacturing unit, meeting its working capital needs, and supporting general corporate purposes. Devson Catalyst is an indigenous manufacturer of catalysts, adsorbents and ceramic balls used across industries such as oil and gas refining, petrochemicals, steel and fertilizers. The company operates a manufacturing facility in Gujarat with an annual production capacity of around 6,205 metric tonnes and supplies customised products to domestic and international industrial customers through a business-to-business (B2B) model. As of 31 May 2026, the company had 56 permanent employees. The company recorded revenue from operations of Rs 55.77 crore and net profit of Rs 12.52 crore for the period ended 31 March 2026. First Published: Jul 16 2026 | 11:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BS Marketing Initiative First Published: Jul 16 2026 | 11:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 16 2026 | 11:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Housing market, real estate First Published: Jul 16 2026 | 11:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharat Forge Ltd notched up volume of 5.18 lakh shares by 10:46 IST on BSE, a 13.45 fold spurt over two-week average daily volume of 38530 shares Mangalore Refinery And Petrochemicals Ltd, Go Digit General Insurance Ltd, NTPC Ltd, Hindalco Industries Ltd are among the other stocks to see a surge in volumes on BSE today, 16 July 2026. Bharat Forge Ltd notched up volume of 5.18 lakh shares by 10:46 IST on BSE, a 13.45 fold spurt over two-week average daily volume of 38530 shares. The stock rose 0.26% to Rs.2,105.05. Volumes stood at 20847 shares in the last session. Mangalore Refinery And Petrochemicals Ltd clocked volume of 59.76 lakh shares by 10:46 IST on BSE, a 10.27 times surge over two-week average daily volume of 5.82 lakh shares. The stock gained 11.54% to Rs.175.90. Volumes stood at 2.91 lakh shares in the last session. Go Digit General Insurance Ltd witnessed volume of 10.04 lakh shares by 10:46 IST on BSE, a 9.3 times surge over two-week average daily volume of 1.08 lakh shares. The stock dropped 4.03% to Rs.286.85. Volumes stood at 10969 shares in the last session. NTPC Ltd recorded volume of 41.1 lakh shares by 10:46 IST on BSE, a 6.85 times surge over two-week average daily volume of 6.00 lakh shares. The stock gained 0.15% to Rs.344.85. Volumes stood at 5.17 lakh shares in the last session. Hindalco Industries Ltd saw volume of 12.74 lakh shares by 10:46 IST on BSE, a 6.22 fold spurt over two-week average daily volume of 2.05 lakh shares. The stock increased 1.32% to Rs.968.15. Volumes stood at 1.79 lakh shares in the last session. First Published: Jul 16 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Happy Steels traded at Rs 70.95 on the NSE, a 7.50% premium to the issue price of Rs 66. The counter hit a high of Rs 71.40 and a low of Rs 68. About 14.76 lakh shares of the company changed hands at the counter. Happy Steels' IPO was subscribed 72.43 times. The issue opened for bidding on 9 July 2026 and it closed on 13 July 2026. The price band of the IPO was fixed between Rs 62 to Rs 66 per share. The IPO comprised fresh issue of 37,88,000 equity shares. The company intends to utilize the net proceeds for capital expenditure towards purchase of additional plant and machinery for existing manufacturing unit, repayment/ prepayment of term loans to banks and general corporate purposes. Ahead of the IPO, Happy Steels on 8 June 2026, raised Rs 7.10 crore from anchor investors. The board allotted 10.76 lakh shares at Rs 66 per share to 3 anchor investors. Happy Steels is an integrated manufacturer of safety-critical forged and machined transmission and driveline components for commercial vehicles, off-highway vehicles, electric vehicles and defence applications. The company operates an end-to-end manufacturing facility with capabilities spanning forging, heat treatment and precision machining, supplying high-strength components to OEMs and Tier-I suppliers in India and overseas. As of 31 May 2026, the company had a total of 403 employees. The company recorded revenue from operations of Rs 94.64 crore and net profit of Rs 7.10 crore for the period ended 31 March 2026. First Published: Jul 16 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 16 2026 | 10:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC AMC shares slip 5% despite Q1 earnings beat; buy, sell or hold? First Published: Jul 16 2026 | 10:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Laser Power & Infra were currently trading at Rs 263.20 at 10:20 IST on the BSE, representing a premium of 22.99% as compared with the issue price of Rs 214. So far, the stock has hit a high of Rs 269 and a low of Rs 250. On the BSE, over 54.56 lakh shares of the company were traded in the counter so far. The initial public offer of Laser Power & Infra was subscribed 38.94 times. The issue opened for bidding on 9 July 2026 and closed on 13 July 2026. The price band of the IPO was fixed between Rs 203 and 214 per share. The issue comprised both an offer for sale and a fresh issue of equity shares (of Rs 5 face value) worth an aggregate of Rs 200 crore and Rs 542 crore, respectively. The entire portion of the offer for sale is by promoters, i.e., Deepak Goel (Rs 112.5 crore), Rakhi Goel (Rs 25 crore), and Devesh Goel (Rs 62.5 crore). Of the net proceeds, the company proposed to utilize Rs 490 crore towards repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the company and balance towards general corporate purposes. Laser Power & Infra is an integrated manufacturer of power and control cables, conductors, and specialty electrical products, along with providing EPC solutions for the power transmission and distribution sector. The company operates three manufacturing facilities in West Bengal and has executed power infrastructure projects across India and overseas. It serves government utilities, Indian Railways, discoms, and private EPC players, with a strong presence in East India. As of March 31, 2026, its order book stood at Rs 3,243.4 crore, spanning both manufacturing and EPC businesses. Its outstanding borrowings end of 17 June 2026 stood at Rs 935.67 crore. Ahead of the IPO, Laser Power & Infra, on 08 July 2026, raised Rs 222.59 crore from anchor investors. The board allotted 1.04 crore shares at Rs 214 each to 19 anchor investors. The firm reported a consolidated net profit of Rs 151.59 crore and sales of Rs 2,326.10 crore for the twelve months ended on 31 March 2026. First Published: Jul 16 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Artson declined 4.11% to Rs 154 after the company reported a standalone net loss of Rs 0.41 crore for Q1 FY27, compared with a net profit of Rs 0.22 crore in the corresponding quarter of the previous fiscal. Total expenses fell 38.31% YoY to Rs 27.32 crore. The cost of materials consumed declined 48.42% to Rs 6.53 crore, while project execution expenses fell 40.16% to Rs 10.65 crore. Employee benefits expense remained flat at Rs 4.84 crore, while finance costs declined 24.24% YoY to Rs 1.75 crore. The company reported a pre-tax loss of Rs 0.77 crore in Q1 FY27, compared with a profit before tax of Rs 0.47 crore in the same quarter last year. Artson (formerly known as Artson Engineering) is a design, engineering, procurement, and construction company in the oil, gas, and hydrocarbon processing industry. It is specialized in tankages, piping, and other mechanical packages. The company is also engaged in structural fabrication works and has two manufacturing facilities, one each in Nashik and Nagpur. First Published: Jul 16 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Angel One reported a robust financial performance for the quarter ended 30 June 2026, with consolidated net profit surging 102.14% year on year to Rs 231.40 crore in Q1 FY27 from Rs 114.47 crore in the corresponding quarter of the previous year. On a sequential basis, net profit declined 27.74%, while revenue slipped 2.03%. Profit before tax (PBT) increased 97.45% YoY to Rs 324.67 crore but fell 26.19% quarter on quarter (QoQ). Earnings before depreciation, amortisation and taxes (EBDAT) surged 85.03% YoY to Rs 359.7 crore but declined 23.92% QoQ. The EBDAT margin improved to 32.7% in Q1 FY27 from 21.8% in Q1 FY26, while it moderated from 41.7% in the previous quarter. The company's total user base grew 18.8% YoY and 3.2% QoQ to 38.6 million. Gross client acquisition stood at 1.3 million during the quarter, down 13.6% YoY and 26.7% QoQ. Assets under management (AUM) stood at Rs 6.2 billion as of June 2026, up 81.4% YoY. Wealth management AUM jumped 165.3% YoY to Rs 134.4 billion, with the client base crossing 2,400. Dinesh Thakkar, chairman & managing director, said, India's financialization represents one of the most compelling long-term opportunities. With a large working-age population, extensive digital infrastructure and rising participation in formal finance, we believe the next phase of growth will extend well beyond investing, into a broader ecosystem of financial products and services. Our strategy is to build India's most trusted fintech, serving users across every stage of their financial journey. Every interaction on our platform strengthens our understanding of user needs, enabling us to deliver increasingly relevant, personalised and timely financial solutions. We believe this continuous compounding of technology, data and user intelligence will be a defining competitive advantage over the coming decade. As our platform scales, deeper user engagement expands monetisation opportunities, increases user lifetime value and strengthens operating leverage. This allows us to remain focused on long-term value creation rather than near-term monetisation. Our performance this quarter reflects disciplined execution against this strategy. We remain committed to building a trusted fintech that can meaningfully participate in India's financialization journey while creating sustainable value for our users and shareholders over the long term." We also continued to expand our wealth and asset management businesses, where recurring assets and long-term engagement continue to scale steadily. Combined with our disciplined focus on security, governance and responsible innovation, these investments are strengthening the quality of our platform and positioning us to deliver durable, profitable growth over the long term. Meanwhile, the companys board declared a first interim dividend of Rs 1 per equity share of face value Rs 1 for FY27. The record date for the dividend is 21 July 2026, and the dividend will be paid on or before 14 August 2026. Angel One is the largest listed retail stockbroking house in India in terms of active clients on NSE. The company provides broking and advisory services, margin funding, loans against shares, and distribution of third-party financial products to its clients. The broking and allied services are offered through online and digital platforms and a network of authorised persons. The counter shed 0.67% to Rs 341.20 on the BSE. First Published: Jul 16 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee is seen adding to recent streak of decline and pushing further near its all-time low levels in opening trades on Thursday amid escalating tensions in Middle East that is keeping oil prices elevated. The US reportedly launched another wave of strikes against Iran on Wednesday, expanding attacks on military targets along the country's southern coast. INR opened at Rs 96.28 per dollar and hit a low of 95.35 so far during the day amid volatility in global crude oil prices and a stronger greenback with the West Asia crisis showing no signs of abating. The counter is lingering around an 8-week low. FII outflows continued to weigh on the local unit while a positive start to the day at the domestic equity markets provided support. The Indian benchmark indices commenced on a positive note on Thursday, primarily led by strong gains in the Information Technology (IT) sector, following supportive cues from Wall Street. The BSE Sensex trading around 77,356.12 (up 170 points) and the NSE Nifty 50 hovering at 24,125.05 (up 46 points) during early trading hours. Yesterday, the counter settled at 96.25 per dollar. First Published: Jul 16 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The local unit had on Wednesday extended its slide for the third straight day and settled 9 paise lower at 96.25 against the US dollar The rupee declined 6 paise to 96.31 against the US dollar in early trade on Thursday amid volatility in global crude oil prices and a stronger greenback with the West Asia crisis showing no signs of abating. FII outflows continued to weigh on the local unit while a positive start to the day at the domestic equity markets provided support, according to forex traders. At the interbank foreign exchange, the rupee opened at 96.28 against the greenback before slipping further to 96.31 from its previous close. The local unit had on Wednesday extended its slide for the third straight day and settled 9 paise lower at 96.25 against the US dollar. The United States intensified its strikes targeting Iran early on Thursday, hitting targets further north as American forces also fired into a ship it accused of trying to break its naval blockade on the Islamic Republic. Iran retaliated with missile and drone fire targeting Bahrain and Kuwait before dawn. Days of back-and-forth strikes by the US and Iran across West Asia -- and renewed threats to the Strait of Hormuz -- have shredded the interim deal to end the Iran war and could tip the region back into all-out war. Jordan's military said in the morning that it shot down eight missiles launched by Iran targeting the kingdom. "The rupee opened at 96.28 despite the dollar index depreciating while Brent oil prices are nearer to USD 85 per barrel, indicating inherent dollar demand that the currency pair is showing," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading marginally up by 0.01 per cent at 100.49. Brent crude, the global oil benchmark, remained volatile and at the time of filing this report was trading 0.31 per cent down at USD 84.69 per barrel in futures trade. On the domestic equity market front, Sensex climbed 185.77 points to 77,400.40 in early trade while the Nifty was up 42.15 points to 24,132.60. Foreign Institutional Investors on Wednesday offloaded equities worth Rs 735.83 crore in the domestic equity market, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 16 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
EMS stocks: Dixon, Kaynes, Cyient DLM rallied up to 7% in Thursday's intra-day deals. First Published: Jul 16 2026 | 10:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 16 2026 | 10:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Life Insurance First Published: Jul 16 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jio Financial Services Q1 results date is July 16 First Published: Jul 16 2026 | 9:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ICICI Lombard shares crash after weak Q1 show. First Published: Jul 16 2026 | 9:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For its ACME Greentech Seventh 450MW/1800MWh Assured Peak Power Project ACME Solar has secured Rs 2,646.64 crore long term project funding for its ACME Greentech Seventh 450MW/1800MWh Assured Peak Power Project from REC. The company will deploy these funds for the development & construction of this project. REC will serve as the sole financer for this project for 20 years. The PPA for this project was signed with SJVN at a tariff of INR 6.74/unit for a period of 25 years. The ACME Greentech Seventh Assured Peak Power Project combines multiple renewable energy technologies including Solar and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability. First Published: Jul 16 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 16 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wipro, Tech Mahindra, Jio Financial Services, ITC Hotels, 360 ONE WAM, 5paisa Capital, Bharat Heavy Electricals, CEAT, Muthoot Capital Services, Piramal Finance, Polycab India, South Indian Bank, Sterling and Wilson Renewable Energy, and WeWork India Management will announce their quarterly earnings today. New Listing: Laser Power & Infra will make its debut on the stock market today. The issue was subscribed 38.94 times. The issue had opened for bidding on 9 July 2026 and it closed on 13 July 2026. Stocks to Watch: Angel One reported a robust financial performance for the quarter ended 30 June 2026, with consolidated net profit surging 102.14% year on year to Rs 231.40 crore in Q1 FY27 from Rs 114.47 crore in the corresponding quarter of the previous year. Total revenue from operations jumped 25.35% YoY to Rs 1,429.69 crore in the quarter ended 30 June 2026. HDFC Bank said that the Reserve Bank of India (RBI) has approved the appointment of Rajiv Kumar as the part-time chairman of the bank for a period of three years w.e.f. 15 July 2026. HDB Financial Services has reported 38.3% rise in net profit to Rs 785 crore on an 18.6% increase in net income to Rs 2,872 crore in Q1 FY27 as compared with Q1 FY26. Artson reported that its standalone net loss of Rs 0.41 crore in Q1 FY27 as against Rs net profit of Rs 0.22 crore in the corresponding quarter of the previous year. Revenue from operations declined 41.59% year on year (YoY) to Rs 26.13 crore during the quarter. HDFC Life Insurance Company reported standalone net profit of Rs 611.19 crore in Q1 FY27, up 11.89% as against Rs 546.46 crore in Q1 FY26. Net premium income rose 14.39% year on year (YoY) to Rs 16,547.97 crore in Q1 FY27 over Q1 FY26. ICICI Prudential Life Insurance Company jumped 4.09% to Rs 524.80 after the insurer reported a strong financial performance for the quarter ended 30 June 2026. The company's standalone net profit rose 27.84% year on year (YoY) to Rs 386.18 crore in Q1 FY27 from Rs 302.08 crore in the corresponding quarter last year. HDFC Asset Management Company rose 2.41% to Rs 2,724 after the company reported healthy growth in profit and income for the quarter ended 30 June 2026. The company's net profit increased 12% YoY and 35% QoQ to Rs 838.30 crore in Q1 FY27 from Rs 748 crore in Q1 FY26 and Rs 623.20 crore in Q4 FY26. Total income rose 13% YoY and 28% QoQ to Rs 1,361.10 crore in the June 2026 quarter. First Published: Jul 16 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 51.34% to Rs 1555.52 crore First Published: Jul 16 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 120.41% to Rs 38254.19 crore First Published: Jul 16 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Jul 16 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Jul 16 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 12.36% to Rs 1015.41 crore First Published: Jul 16 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
El Niño years: Tractor sales lag; 2-wheelers & FMCG hold up, finds study First Published: Jul 16 2026 | 8:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 16 2026 | 8:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 16 2026 | 8:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The pick-up in monsoon has prevented immediate panic, but the market continues to price in a tight fiscal and monetary environment. First Published: Jul 16 2026 | 8:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected on a volatile note as global shares declined due to decline in chip stocks and rising tension between the US and Iran. First Published: Jul 16 2026 | 8:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Both benchmarks gained about 0.3 per cent on Wednesday and were hovering near their one-month highs touched on Tuesday Oil prices rose for a fourth straight day on Thursday after a new wave of US strikes on Iranian military installations fuelled fears of renewed full-scale conflict and supply disruptions in the Strait of Hormuz. The United States struck Iran's coastal defences ?and missile sites on Wednesday after reimposing a naval blockade of its ports, while Iran threatened to shut off more regional energy exports, saying it was engaged in an "existential war" with America. Brent crude futures climbed 33 cents, or 0.4 per cent, to $85.28 a barrel by 0026 GMT, while US West Texas Intermediate futures rose 42 cents, or 0.5 per cent, to $80.02 a barrel. Both benchmarks gained about 0.3 per cent on Wednesday and were hovering near their one-month highs touched on Tuesday. "With tensions in West Asia flaring up again, buying is taking the lead," said ?Hiroyuki Kikukawa, chief strategist of Nissan Securities Investment. "While mediation efforts by neighbouring countries continue and the consensus view is that a full-scale war is unlikely, WTI could still rise to $85-$87 depending on how the conflict develops," he said. Oil prices have gained this week as attacks deepened supply disruption in the Strait of Hormuz, which handled about a fifth of the world's oil and liquefied natural gas trade before the war began. Hostilities between Iran and the US reignited last week, fraying an already fragile truce ?reached in June after several months of fighting. Analysts say Iran has signalled it may use its Houthi allies in Yemen to shut the Bab el-Mandeb gateway ?to the Red Sea, opening a new front against Washington and putting two of the ?world's most vital energy arteries at risk. Goldman Sachs said Brent could exceed $110 in the fourth quarter if the Gulf export recovery continues to stall, but could ?fall into the $60s by year-end if tensions ease and production recovers faster than expected. Meanwhile, the US Energy Information Administration said crude inventories fell by 1.7 million barrels in ?the week to July 10, compared with analysts' expectations for a 2.6 million-barrel draw. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 16 2026 | 8:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ArisInfra Solutions has secured a Rs 79.05 crore domestic work order from J. Kumar - NCC (GMLR) JV for the Goregaon-Mulund Link Road (GMLR) project. The work order involves the loading, transportation and disposal of excavated tunnel material to approved dumping yards designated by J. Kumar NCC (GMLR) JV as part of the GMLR tunnelling project. The contract is effective from the date of issuance and will remain valid until the completion of the excavated material disposal arising from the GMLR tunnelling activity, or until terminated in accordance with the terms of the work order. The company said the order has been awarded by a domestic entity and is in the nature of a work order. ArisInfra Solutions further clarified that its promoter, promoter group and group companies have no interest in the awarding entity. It also said the contract does not constitute a related-party transaction. Arisinfra Solutions is a technology-enabled platform operating at the intersection of construction materials supply and execution infrastructure. The company serves contractors and developers across India through a platform that aggregates supply, manages procurement logistics, and provides execution capabilities across the construction value chain. The scrip shed 0.47% to end at Rs 106.55 on the BSE on 15 July 2026. First Published: Jul 16 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian stock market poised for a flat start today. First Published: Jul 16 2026 | 7:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 16 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 16 2026 | 7:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 15 July 2026 The board has approved the appointment of Sanket Agrawal (presently serving as Chief Strategy Officer & IR of the Company) as the Chief Financial Officer and Key Managerial Personnel of the Company, with effect from 16 July 2026. First Published: Jul 15 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 15 July 2026 First Published: Jul 15 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 15 2026 | 7:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 15 2026 | 7:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 15 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 15 2026 | 7:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 15 2026 | 7:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 15 2026 | 7:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Angel One reported a robust financial performance for the quarter ended 30 June 2026, with consolidated net profit surging 102.14% year on year to Rs 231.40 crore in Q1 FY27 from Rs 114.47 crore in the corresponding quarter of the previous year. On a sequential basis, net profit declined 27.74%, while revenue slipped 2.03%. Profit before tax (PBT) increased 97.45% YoY to Rs 324.67 crore but fell 26.19% quarter on quarter (QoQ). Earnings before depreciation, amortisation and taxes (EBDAT) surged 85.03% YoY to Rs 359.7 crore but declined 23.92% QoQ. The EBDAT margin improved to 32.7% in Q1 FY27 from 21.8% in Q1 FY26, while it moderated from 41.7% in the previous quarter. The company's total user base grew 18.8% YoY and 3.2% QoQ to 38.6 million. Gross client acquisition stood at 1.3 million during the quarter, down 13.6% YoY and 26.7% QoQ. Assets under management (AUM) stood at Rs 6.2 billion as of June 2026, up 81.4% YoY. Wealth management AUM jumped 165.3% YoY to Rs 134.4 billion, with the client base crossing 2,400. Dinesh Thakkar, chairman & managing director, said, India's financialization represents one of the most compelling long-term opportunities. With a large working-age population, extensive digital infrastructure and rising participation in formal finance, we believe the next phase of growth will extend well beyond investing, into a broader ecosystem of financial products and services. Our strategy is to build India's most trusted fintech, serving users across every stage of their financial journey. Every interaction on our platform strengthens our understanding of user needs, enabling us to deliver increasingly relevant, personalised and timely financial solutions. We believe this continuous compounding of technology, data and user intelligence will be a defining competitive advantage over the coming decade. As our platform scales, deeper user engagement expands monetisation opportunities, increases user lifetime value and strengthens operating leverage. This allows us to remain focused on long-term value creation rather than near-term monetisation. Our performance this quarter reflects disciplined execution against this strategy. We remain committed to building a trusted fintech that can meaningfully participate in India's financialization journey while creating sustainable value for our users and shareholders over the long term. We also continued to expand our wealth and asset management businesses, where recurring assets and long-term engagement continue to scale steadily. Combined with our disciplined focus on security, governance, and responsible innovation, these investments are strengthening the quality of our platform and positioning us to deliver durable, profitable growth over the long term. Meanwhile, the companys board declared a first interim dividend of Rs 1 per equity share of face value Rs 1 for FY27. The record date for the dividend is 21 July 2026, and the dividend will be paid on or before 14 August 2026. Angel One is the largest listed retail stockbroking house in India in terms of active clients on NSE. The company provides broking and advisory services, margin funding, loans against shares, and distribution of third-party financial products to its clients. The broking and allied services are offered through online and digital platforms and a network of authorised persons. The counter rose 2.98% to end at Rs 343.50 on the BSE. First Published: Jul 15 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 15 2026 | 7:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 15 2026 | 7:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 15 2026 | 7:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Union cabinet on Wednesday approved two major manufacturing initiatives with a combined outlay of nearly Rs 1.9 lakh crore (USD 22 billion) to expand India's semiconductor ecosystem, scale up mobile phone production and strengthen its position as a global electronics manufacturing hub. The government approved the Rs 1.27 lakh crore Semicon 2.0 programme to accelerate semiconductor design and manufacturing capabilities, alongside the Rs 62,500 crore Mobile Phone Manufacturing Scheme (MPMS) aimed at increasing domestic production, boosting exports and deepening local value addition in the mobile phone industry. The semiconductor programme builds on the first phase of the India Semiconductor Mission and will focus on six key areas - chip design, semiconductor equipment and materials, fabrication facilities, advanced packaging and testing, research and development, and talent development. First Published: Jul 15 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For supply of 1600 MW thermal power The coal linkage for the power plant has been allocated under the SHAKTI Policy of Government of India. First Published: Jul 15 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reserve Bank of India has today released the draft 'Guidance on Regulatory Expectations for Data Governance' for public comments. It noted that with the increasing digitalisation of the financial sector and growing adoption of technology-driven business models, data has emerged as a critical asset for regulated entities (REs). As the volume, variety and velocity of data continue to increase, effective data governance has become essential to ensure that data remains accurate, consistent, secure and fit for purpose across functions and systems. Weaknesses in data governance and its management can lead to broader financial, operational, compliance and reputational risk for the REs. Recognising this, RBI has released the draft 'Guidance on Regulatory Expectations for Data Governance' to support REs in strengthening their data governance framework and promoting sound practices relating to data management across the data lifecycle. The Guidance sets out broad regulatory expectations relating to data governance, roles, architecture, metadata and lineage, quality, and third-party arrangements involving data sharing. First Published: Jul 15 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Technical analyst, Muthuselvaraj of Sharekhan recommends 'Buy' rating on Kalyan Jewellers, Paytm and Lodha Developers. First Published: Jul 15 2026 | 1:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ambit Capital prefers Prestige and Lodha among large-cap real estate developers, ABREL in mid-caps and Max Estates in small-cap players. First Published: Jul 15 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Divestment at 4-year high as West Asia crisis drives PSU stake sale push First Published: Jul 15 2026 | 1:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Glenmark Pharmaceuticals Ltd is quoting at Rs 2307, up 0.08% on the day as on 12:44 IST on the NSE. The stock is up 4.64% in last one year as compared to a 4.17% drop in NIFTY and a 15.39% drop in the Nifty Pharma. Glenmark Pharmaceuticals Ltd gained for a fifth straight session today. The stock is quoting at Rs 2307, up 0.08% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.45% on the day, quoting at 24160.1. The Sensex is at 77455.4, up 0.52%. Glenmark Pharmaceuticals Ltd has risen around 6.97% in last one month. Meanwhile, Nifty Pharma index of which Glenmark Pharmaceuticals Ltd is a constituent, has risen around 7.92% in last one month and is currently quoting at 25907.1, up 0.64% on the day. The volume in the stock stood at 2.35 lakh shares today, compared to the daily average of 5.85 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 2315.7, up 0.36% on the day. Glenmark Pharmaceuticals Ltd is up 4.64% in last one year as compared to a 4.17% drop in NIFTY and a 15.39% drop in the Nifty Pharma index. The PE of the stock is 40.66 based on TTM earnings ending March 26. First Published: Jul 15 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Divis Laboratories Ltd is quoting at Rs 7296, up 1.5% on the day as on 12:44 IST on the NSE. The stock is up 6.81% in last one year as compared to a 4.17% fall in NIFTY and a 15.39% fall in the Nifty Pharma. Divis Laboratories Ltd rose for a fifth straight session today. The stock is quoting at Rs 7296, up 1.5% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.45% on the day, quoting at 24160.1. The Sensex is at 77455.4, up 0.52%. Divis Laboratories Ltd has added around 8.69% in last one month. Meanwhile, Nifty Pharma index of which Divis Laboratories Ltd is a constituent, has added around 7.92% in last one month and is currently quoting at 25907.1, up 0.64% on the day. The volume in the stock stood at 4.33 lakh shares today, compared to the daily average of 3.82 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 7265.5, up 1.25% on the day. Divis Laboratories Ltd is up 6.81% in last one year as compared to a 4.17% fall in NIFTY and a 15.39% fall in the Nifty Pharma index. The PE of the stock is 71.64 based on TTM earnings ending March 26. First Published: Jul 15 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ipca Laboratories Ltd is quoting at Rs 1879.3, up 2.11% on the day as on 12:44 IST on the NSE. The stock is up 28.56% in last one year as compared to a 4.17% spurt in NIFTY and a 15.39% spurt in the Nifty Pharma. Ipca Laboratories Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 1879.3, up 2.11% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.45% on the day, quoting at 24160.1. The Sensex is at 77455.4, up 0.52%. Ipca Laboratories Ltd has risen around 21.23% in last one month. Meanwhile, Nifty Pharma index of which Ipca Laboratories Ltd is a constituent, has risen around 7.92% in last one month and is currently quoting at 25907.1, up 0.64% on the day. The volume in the stock stood at 1.72 lakh shares today, compared to the daily average of 2.43 lakh shares in last one month. The PE of the stock is 40.42 based on TTM earnings ending March 26. First Published: Jul 15 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Welspun Corp Ltd is quoting at Rs 1688.6, up 0.31% on the day as on 12:44 IST on the NSE. The stock is up 85.89% in last one year as compared to a 4.17% gain in NIFTY and a 34.87% gain in the Nifty Metal. Welspun Corp Ltd rose for a fifth straight session today. The stock is quoting at Rs 1688.6, up 0.31% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.45% on the day, quoting at 24160.1. The Sensex is at 77455.4, up 0.52%. Welspun Corp Ltd has added around 22.91% in last one month. Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has added around 1.99% in last one month and is currently quoting at 12677.7, down 0.41% on the day. The volume in the stock stood at 3.67 lakh shares today, compared to the daily average of 13.97 lakh shares in last one month. The PE of the stock is 57.89 based on TTM earnings ending March 26. First Published: Jul 15 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
United Breweries Ltd is quoting at Rs 1350.5, up 0.13% on the day as on 12:44 IST on the NSE. The stock is down 32.8% in last one year as compared to a 4.17% fall in NIFTY and a 14.66% fall in the Nifty FMCG. United Breweries Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 1350.5, up 0.13% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.45% on the day, quoting at 24160.1. The Sensex is at 77455.4, up 0.52%. United Breweries Ltd has added around 1.11% in last one month. Meanwhile, Nifty FMCG index of which United Breweries Ltd is a constituent, has added around 2.55% in last one month and is currently quoting at 48524.95, down 0.31% on the day. The volume in the stock stood at 47153 shares today, compared to the daily average of 1.11 lakh shares in last one month. The PE of the stock is 95.54 based on TTM earnings ending March 26. First Published: Jul 15 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SBI Cards & Payment Services Ltd is quoting at Rs 649.25, up 1.63% on the day as on 12:44 IST on the NSE. The stock is down 27.65% in last one year as compared to a 4.17% slide in NIFTY and a 0.49% slide in the Nifty Financial Services. SBI Cards & Payment Services Ltd is up for a fifth straight session today. The stock is quoting at Rs 649.25, up 1.63% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.45% on the day, quoting at 24160.1. The Sensex is at 77455.4, up 0.52%. SBI Cards & Payment Services Ltd has gained around 4.44% in last one month. Meanwhile, Nifty Financial Services index of which SBI Cards & Payment Services Ltd is a constituent, has gained around 1.29% in last one month and is currently quoting at 26536.7, up 0.93% on the day. The volume in the stock stood at 17.37 lakh shares today, compared to the daily average of 15.36 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 652.35, up 1.64% on the day. SBI Cards & Payment Services Ltd is down 27.65% in last one year as compared to a 4.17% slide in NIFTY and a 0.49% slide in the Nifty Financial Services index. The PE of the stock is 28.04 based on TTM earnings ending March 26. First Published: Jul 15 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Union Bank of India is quoting at Rs 173.98, up 1.94% on the day as on 12:44 IST on the NSE. The stock is up 17.28% in last one year as compared to a 4.17% slide in NIFTY and a 1.43% slide in the Nifty Bank. Union Bank of India is up for a fifth straight session today. The stock is quoting at Rs 173.98, up 1.94% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.45% on the day, quoting at 24160.1. The Sensex is at 77455.4, up 0.52%. Union Bank of India has gained around 2.01% in last one month. Meanwhile, Nifty Bank index of which Union Bank of India is a constituent, has gained around 1.21% in last one month and is currently quoting at 57462.3, up 0.91% on the day. The volume in the stock stood at 380.42 lakh shares today, compared to the daily average of 160.41 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 175.38, up 2.37% on the day. Union Bank of India is up 17.28% in last one year as compared to a 4.17% slide in NIFTY and a 1.43% slide in the Nifty Bank index. The PE of the stock is 6.97 based on TTM earnings ending March 26. First Published: Jul 15 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A man walks past the logo of SBI Funds Management Ltd. ahead of a press conference announcing the company's initial public offering (IPO) in Mumbai | Reuters SBI Funds Management's $1.03 billion initial public offering (IPO) was fully subscribed on the second day of bidding on Wednesday, as investors bet on the growth prospects of India's asset management industry. The IPO of India's largest asset manager received bids for 126.74 million shares, against 124.56 million ?on offer, as of 10:48 a.m. IST, exchange data showed. The asset manager had sold shares worth $278.5 million to the so-called anchor investors, including BlackRock, the sovereign wealth funds of Singapore, Abu Dhabi and Norway, ahead of the public launch of the IPO. SBI Funds Management, a joint venture between the country's largest lender State Bank of India (SBI), and Europe's largest asset manager Amundi, had assets under management worth ?12.5 trillion ($131.1 billion), as of end-March 2026. The IPO comes after a subdued first half of the year for primary market fundraising in India as Iran ?war-driven spike in crude oil prices raised growth concerns in Asia's third-largest economy. Non-institutional investors bid for 51.79 million shares, 2.23 times the number on offer, while retail investors bid for 47.18 million shares, 87% of the shares set aside for them. The portion of shares reserved for SBI shareholders was subscribed 1.6 times. Qualified institutional buyers, who typically turn active on the final day of bidding, subscribed to 8% of the shares. The IPO will close for subscription on July 16, and the asset manager's shares are expected ?to begin trading on July 21. India's equity market has seen a sharp increase in investor numbers, with mutual funds also recording steady inflows, boosting the prospects for the ?SBI Funds Management IPO. Indian equity mutual funds have recorded 64 consecutive months of inflows through ?June 2026, with a consistent rise in systematic investment plan (SIP) inflows, the preferred route for retail investors. However, SBI Funds Management faces stiff competition from peers ICICI Prudential ?Asset Management, HDFC Asset Management, Nippon Life India Asset Management, and others in a crowded asset management industry in India. SBI Funds Management's IPO is valued at 38.12 times its ?fiscal year 2026 earnings per share, below the industry average of 41.64 times. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 15 2026 | 12:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Across groups Mineral Oils (containing Petroleum Products), Food Articles, Manufacture of Basic Metals and Manufacture of Chemicals and Chemical Products have been major drivers of WPI inflation in June 2026. WPI Food Index (weight=24.99%): The Food Index consists of Food Articles from Primary Articles major group and Manufacture of Food Products from Manufactured Products major group. It observed a inflation of 6.14% YoY in June 2026 compared to 4.49% in May 2026. First Published: Jul 15 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 15 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
LTM announced that it is leading the deployment of Microsoft 365 Copilot across the L&T Group, driving one of India's largest enterprise AI workplace transformations. As part of this enterprise-wide rollout, L&T is enabling Microsoft 365 Copilot for ~140,000 employees across the group, with LTM leading the transformation. The initiative is empowering teams to work more productively, resolve issues faster, and deliver superior customer outcomes through AI-assisted workflows, decision-making, and collaboration. As the largest adopter of Microsoft 365 Copilot within the L&T Group, LTM has already demonstrated significant business impact. Its AI-powered assistant, RAIma, has delivered a 70% improvement in IT and HR query resolution, while increasing employee engagement and HR productivity by 15%. Additionally, more than 23,000 developers use AI tools daily, supported by a network of over 1,300 AI experts and enablement leads. LTM will spearhead deployment through Microsoft 365 Copilot-supported solutions: Agent A.S.K. (Agent for Stories and Knowledge) for sales and RAIma. A.S.K. is a conversational AI tool that accelerates sales by reusing existing content, while RAIma delivers personalized, conversational HR support via chat and voice. First Published: Jul 15 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 15 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
During the first round, negotiating teams from both sides engaged in text-based discussions across eight technical sessions covering eight policy areas. Both sides made substantive progress across the negotiating tracks and reached broad convergence on several issues. On 8 July 2026, the Ministers reviewed the progress of ongoing bilateral economic initiatives including the IndiaMaldives FTA negotiations. As India and the Maldives commemorate 60 years of diplomatic relations, both sides reaffirmed their commitment to expedite the conclusion of the Bilateral Investment Treaty (BIT) and the Free Trade Agreement (FTA). They also agreed to further deepen cooperation in tourism, startups, digital payments, MSMEs and trade to unlock new opportunities for both countries. The proposed FTA is expected to further strengthen bilateral economic and trade relations by enhancing market access, facilitating investment, promoting greater economic cooperation and contributing to sustainable economic growth in both countries. Both sides are working towards a broad-based, balanced and comprehensive agreement guided by the principles of fairness and reciprocity. First Published: Jul 15 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Elxsi has reported 18.2% rise in net profit to Rs 170.6 crore on a 14.5% increase in revenue from operations to Rs 1,021.1 crore in Q1 FY27 as compared with Q1 FY26. While EBITDA improved by 15.7% year-on-year (YoY) to Rs 216 crore, EBITDA margin was 21.2% in Q1 FY27 as against 20.9% in Q1 FY26. Profit before tax in Q1 FY27 stood at Rs 232.5 crore, up by 18.4% from Rs 196.3 crore recorded in Q1 FY26. On a quarter-on-quarter (QoQ) basis, Tata Elxsis revenue has grown by 2.7%, while net profit has declined by 22.58%. Manoj Raghavan, CEO and managing director, Tata Elxsi, said: "For the quarter, Tata Elxsi delivered a healthy performance with growth in our two primary verticals, supported by strong deal execution and continued momentum in large strategic engagements. Our Transportation business reported a growth of 13.3% YoY, driven by accelerated OEM engagements and strategic wins in the off-road and aerospace segments. In Media & Communications, we delivered another strong quarter, growing 22.2% YoY through continued ramp-up of key engagements and expanded programs with global operators, broadcasters and device OEMs. Our Healthcare and Life Sciences business reported a growth of 1.7% QoQ, amidst a muted business environment for the healthcare industry. FY27 marks a year of future focus for the company, as we prepare and equip ourselves for a world reshaped by AI. We are making targeted investments in specialized talent, AI powered platforms, tools and infrastructure, to pivot to a Domain + AI future." Tata Elxsi is amongst the worlds leading providers of design and technology services across industries including automotive, broadcast, communications, healthcare and transportation. The scrip tumbled 4.96% to currently trade at Rs 3516.95 on the BSE. First Published: Jul 15 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Patanjali Foods share price tumbled to a 6-year low on Wednesday. First Published: Jul 15 2026 | 12:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 15 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SignatureGlobal India Ltd, PC Jeweller Ltd, L&T Technology Services Ltd and Aegis Logistics Ltd are among the other gainers in the BSE's 'A' group today, 15 July 2026. SignatureGlobal India Ltd, PC Jeweller Ltd, L&T Technology Services Ltd and Aegis Logistics Ltd are among the other gainers in the BSE's 'A' group today, 15 July 2026. Nuvoco Vistas Corporation Ltd soared 14.20% to Rs 390 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 18.1 lakh shares were traded on the counter so far as against the average daily volumes of 69554 shares in the past one month. SignatureGlobal India Ltd surged 8.17% to Rs 889.55. The stock was the second biggest gainer in 'A' group. On the BSE, 5.46 lakh shares were traded on the counter so far as against the average daily volumes of 26090 shares in the past one month. PC Jeweller Ltd spiked 7.90% to Rs 10.65. The stock was the third biggest gainer in 'A' group. On the BSE, 305.12 lakh shares were traded on the counter so far as against the average daily volumes of 146.15 lakh shares in the past one month. L&T Technology Services Ltd spurt 6.82% to Rs 3515.85. The stock was the fourth biggest gainer in 'A' group. On the BSE, 73593 shares were traded on the counter so far as against the average daily volumes of 18068 shares in the past one month. Aegis Logistics Ltd exploded 6.41% to Rs 1298.6. The stock was the fifth biggest gainer in 'A' group. On the BSE, 78808 shares were traded on the counter so far as against the average daily volumes of 1.96 lakh shares in the past one month. First Published: Jul 15 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Kusumgar were currently trading at Rs 597.80 at 10:12 IST on the BSE, representing a premium of 42.67% as compared with the issue price of Rs 419. So far, the stock has hit a high of Rs 604.55 and a low of Rs 567.95. On the BSE, over 22.31 lakh shares of the company were traded in the counter so far. The initial public offer of Kusumgar received bids for 1,47,76,17,435 shares as against 1,14,68,094 shares on offer. The issue was subscribed 128.85 times. The issue opened for bidding on 8 July 2026 and it closed on 10 July 2026. The price band of the IPO is fixed between Rs 398 and 419 per share. The company planned to raise Rs 650 crore through the IPO, which consisted entirely of an offer for sale of 1,55,13,126 shares at the upper price band of Rs 419. The entire proceeds from the sale went to promoter shareholders Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar, and Siddharth Yogesh Kusumgar HUF. Employees received a discount of Rs 39 per share on the final issue price. Kusumgar reserved shares worth Rs 3.5 crore for eligible employees. Kusumgar is a leading manufacturer of engineered synthetic functional and performance fabrics used across aerospace & defence, industrial, automotive, and outdoor lifestyle applications. The company operates a vertically integrated manufacturing setup with facilities in Gujarat and Uttar Pradesh, enabling end-to-end production from weaving and coating to lamination and fabrication. It has developed over 1,000 fabric variants and derives a significant share of its revenue from both domestic and export markets, serving government and private sector customers. Ahead of the IPO, Kusumgar, on 7 July 2026, raised Rs 193.94 crore from anchor investors. The board allotted 46.28 lakh shares at Rs 419 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 98.20 crore and sales of Rs 692 crore for the twelve months ended on 31 March 2026. First Published: Jul 15 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KEC International has secured new orders of Rs. 1,180 crore across various businesses: Transmission & Distribution (T&D): The business has secured orders for T&D projects across India, the Middle East and the Americas: Renewables: The business has secured an order for a 200+ MW Solar PV project in Western India from an existing client- a renowned private developer. Civil: The business has secured an order for additional civil and structural works for a 150 MW thermal power plant from a prominent private player in Eastern India. Cables & Conductors: The business has secured various orders in India and the overseas market. First Published: Jul 15 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 15 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Anand Rathi Share and Stock Brokers' consolidated net profit rose 2.36% to Rs 23.35 crore on 22.37% increase in total revenue from operations to Rs 246.10 crore in Q1 FY27 over Q1 FY26. Profit before exceptional items and tax rose 71.8% year-on-year (YoY) to Rs 52.37 crore in the first quarter of FY27, compared with Rs 30.49 crore in the corresponding quarter last year. The company reported an exceptional item of Rs 20.99 crore during the quarter. During the quarter, consolidated EBITDA stood at Rs 97.3 crore, registering a growth of 30.18% compared with Rs 74.74 crore posted in Q4 FY25. EBITDA margin improved to 39.5% in Q1 FY27 from 37.2% in Q1 FY26. On the segmental front, revenue from broking-related services stood at Rs 127.95 crore (up 15.34% YoY), interest income from the Margin Trading Facility (MTF) was Rs 42.77 crore (up 52.3% YoY), distribution income came in at Rs 27.52 crore (up 31.1% YoY) and other income from operations stood at Rs 47.85 crore (up 16.5% YoY) during the quarter. During the quarter, margin trading facility book stood at Rs 13,318 million, reflecting a 54.6% YoY growth, driven by strong demand for leveraged investment solutions and increased client participation in capital markets. Assets under Management grew by 25.8% YoY to Rs 94,791 million in Q1 FY27, further enhancing the Company's recurring revenue potential. Pradeep Gupta, Chairman & Managing Director, said, Indian equity markets navigated a challenging quarter marked by geopolitical uncertainty, market volatility and regulatory recalibration. Despite these headwinds, we delivered a strong quarterly performance demonstrating the resilience of our business model. Broking revenue increased 15.35% year-on-year, while non-broking revenue grew 43.20% reinforcing the strength of our balanced revenue profile. Assets under Management book rose by 25.82% to Rs 94,791 million and our Margin Trading Funding book expanded 54.62% to Rs 13,318.46 million, reflecting continued client trust and engagement. We remain confident in the long-term potential of Indias capital markets, supported by a strengthening investor base and increasing financialization of savings. As we continue to invest in technology, enhance client experience and deepen our product capabilities, we are well positioned to deliver sustainable growth and create enduring value for all stakeholders. Roop Kishor Bhootra, Wholetime Director, added, We commenced FY27 on a strong note despite a challenging macroeconomic backdrop and heightened market volatility. During the quarter, Revenue from Operations increased 22.37% year-on-year to Rs 2,461.03 million, while adjusted EBITDA grew 30.19% to Rs 973.00 million, translating into a healthy EBITDA margin of 39.54%. Our earnings profile continues to be supported by multiple growth drivers with MTF interest income increasing 52.26% to Rs 427.70 million and distribution income growing 31.07% to Rs 275.24 million during the quarter. Client loyalty remains one of our key differentiators, with 57.4% of our clients associated with us for more than three years, reflecting the trust and long-standing relationships we have built over time. We also continued to deepen our pan-India presence, with our footprint expanding to 319 cities as of quarter-end. As we move forward, we remain steadfastly focused on strengthening client relationships, enhancing our technology platform and driving sustainable growth through a balanced and scalable business model. Separately, the board approved raising up to Rs 500 crore through the issuance of rated or unrated, listed or unlisted, secured or unsecured redeemable non-convertible debentures (NCDs) on a private placement basis in one or more tranches. It also constituted a Debenture Allotment and Redemption Committee to finalise the terms of the issue. The board also approved the incorporation of a wholly owned subsidiary in Dubai, United Arab Emirates, to expand the company's international business. The proposed entity will cater to non-resident Indians (NRIs), high-net-worth individuals (HNIs) and family offices in the UAE and other overseas markets by offering investment solutions and financial services. Anand Rathi Share and Stock Brokers will hold 100% of the share capital in the proposed subsidiary through cash subscription. The incorporation is subject to approvals from the Dubai Department of Economy and Tourism and the Securities and Exchange Board of India (SEBI). Anand Rathi Share and Stock Brokers is an established full-service broking house in India with over 30 years of experience. The company offerings and services are categorized in 3 categories: broking services, margin trading facility and distribution of financial products. The company caters to a diverse set of clients across retail, high-net-worth individuals, ultra-high-net-worth individuals, and institutions. The investment offerings of the company span across a wide array of asset classes like equity, derivatives, commodities, and currency markets. The scrip fell 3.74% to Rs 558 on the BSE. First Published: Jul 15 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 15 2026 | 10:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
L&T Technology Services (LTTS) jumped 4% to Rs 3,424.70 after the engineering and technology services company reported a healthy increase in profit and revenue for the quarter ended 30 June 2026 (Q1 FY27). Revenue increased 11.5% YoY and 2.9% QoQ to Rs 2,940.1 crore during the quarter. In US dollar terms, revenue stood at $309.9 million, up 0.4% YoY and 1.3% QoQ. In constant currency terms, revenue grew 1.9% YoY and 1.5% QoQ. Gross profit rose 21.1% YoY and 1.4% QoQ to Rs 932.8 crore. Gross margin improved to 31.7% from 29.2% in Q1 FY26. EBITDA increased 24.4% YoY and 5.2% QoQ to Rs 548.3 crore, while EBITDA margin improved to 18.7% from 16.7% in Q1 FY26 and 18.2% in Q4 FY26. EBIT rose 28.1% YoY and 6.1% QoQ to Rs 461.3 crore, with EBIT margin expanding to 15.7% from 13.7% in Q1 FY26 and 15.2% in Q4 FY26. The company secured one deal worth over $30 million, one deal above $20 million and four deals exceeding $10 million during the quarter, reflecting continued momentum in large deal wins. At the end of Q1 FY27, LTTS' patent portfolio stood at 1,757, of which 1,059 were co-authored with clients. Employee strength stood at 23,845. Commenting on the performance, Amit Chadha, CEO and managing director, said the company's Lakshya 31 strategy is translating into healthy revenue growth and sustained margin expansion. He added that the Sustainability segment maintained double-digit growth, the Mobility segment returned to growth, and LTTS strengthened its AI capabilities through a partnership with Anthropic while remaining confident of achieving its long-term revenue growth aspirations of 13-15% CAGR over the next five years. Meanwhile LTTS announced that it partnered with AI company Anthropic to integrate its Claude AI models across engineering workflows and LTTS' AI-powered platforms, including AgenticIQ, PlxAI, Ainfonix, AiNexus and AiTest. The collaboration aims to accelerate product and software development by enhancing knowledge management, software engineering, testing, validation and lifecycle management, helping enterprise clients improve productivity, product quality, decision-making and speed to market through LTTS' Engineering Intelligence framework. L&T Technology Services (LTTS), a subsidiary of Larsen & Toubro, is a global engineering research and development (ER&D) services company offering design, development, testing and lifecycle support across products and processes. The company serves 69 Fortune 500 companies and 57 leading ER&D firms across industries including industrial products, medical devices, transportation, telecom and hi-tech, and process industries. First Published: Jul 15 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Belrise Industries rose 1.59% to Rs 236 after the company announced the launch of its qualified institutional placement (QIP) issue and fixed the floor price at Rs 230.79 per equity share. The floor price of Rs 230.79 per share is at a discount of 0.65% to the scrip's previous closing price of Rs 232.30 on the BSE. The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the bookrunning lead managers appointed for the issue. Belrise Industries is an automotive systems manufacturer with a diversified portfolio that includes safety-critical chassis components and advanced engineering solutions. The company operates 20 manufacturing facilities across India. The companys consolidated net profit jumped 18.37% to Rs 130.23 crore on 12.24% increase in revenue from operations to Rs 2,552.83 crore in Q4 FY26 over Q4 FY25. First Published: Jul 15 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Elxsi Ltd has lost 14% over last one month compared to 0.13% gain in BSE Information Technology index and 1.22% rise in the SENSEX Tata Elxsi Ltd lost 5.44% today to trade at Rs 3499.1. The BSE Information Technology index is down 1.3% to quote at 27492.28. The index is up 0.13 % over last one month. Among the other constituents of the index, Zensar Technologies Ltd decreased 2.33% and Tata Consultancy Services Ltd lost 2.29% on the day. The BSE Information Technology index went down 25.37 % over last one year compared to the 6.51% fall in benchmark SENSEX. Tata Elxsi Ltd has lost 14% over last one month compared to 0.13% gain in BSE Information Technology index and 1.22% rise in the SENSEX. On the BSE, 17011 shares were traded in the counter so far compared with average daily volumes of 32460 shares in the past one month. The stock hit a record high of Rs 6423.1 on 15 Jul 2025. The stock hit a 52-week low of Rs 3473.75 on 15 Jul 2026. First Published: Jul 15 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wanbury Ltd has added 29.93% over last one month compared to 6.97% gain in BSE Healthcare index and 1.22% rise in the SENSEX Wanbury Ltd gained 3.27% today to trade at Rs 347.1. The BSE Healthcare index is up 0.5% to quote at 50452.09. The index is up 6.97 % over last one month. Among the other constituents of the index, Anuh Pharma Ltd increased 2.62% and Fabtech Technologies Ltd added 2.43% on the day. The BSE Healthcare index went up 11.25 % over last one year compared to the 6.51% fall in benchmark SENSEX. Wanbury Ltd has added 29.93% over last one month compared to 6.97% gain in BSE Healthcare index and 1.22% rise in the SENSEX. On the BSE, 36855 shares were traded in the counter so far compared with average daily volumes of 27275 shares in the past one month. The stock hit a record high of Rs 352.95 on 15 Jul 2026. The stock hit a 52-week low of Rs 162 on 27 Jan 2026. First Published: Jul 15 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 15 2026 | 10:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asia's bumpy stock markets rallied on Wednesday after a surprise slowdown in US inflation scaled back expectations for interest rate hikes, while oil took a breather as the US scrapped a plan to levy shipping through the Strait of Hormuz. South Korea's volatile KOSPI index surged 7% ahead of the next test for the AI rally with earnings due at ASML, Europe's most valuable company ?and the world's biggest supplier of equipment used to make AI chips. Japan's Nikkei rose 1% and MSCI's broadest index of Asia-Pacific shares outside Japan rose 2.4%. Still, a 25% drop in IBM's share price overnight, after the technology company's revenue forecast missed analyst expectations, showed how stretched and skittish the market's rally in AI-related stocks has become. Stellar profit at Wall Street banks, though, helped broader gains for the S&P 500 and Nasdaq on Tuesday which extended in Asia with US futures rising. In currencies, the US dollar was broadly lower except against the stubbornly weak yen. Meanwhile, short-end bonds rallied, taking two-year Treasury yields down 11 basis points to 4.19% from Tuesday's 17-month high of nearly 4.3%. The US headline consumer price index fell 0.4% in June, its first decline since the COVID-19 pandemic, while annualised core inflation of 2.6% compared with ?expectations for 2.8%. "For market bulls this is even better than Goldilocks could have imagined," J.P. Morgan analysts said in a client note. "Inflation (is) lower with positive earnings growth. This print should remove any fears over a July rate hike and may assuage fears on September, too. This sets up the market to move higher and to broaden as it does so." Market pricing for the chance of a US interest rate hike in July halved to 16%. CHINA GROWTH MISS China's annual economic growth slowed sharply to 4.3% in the second quarter, official data showed on Wednesday, missing analysts' expectations as weak domestic demand and the oil shock tied to war in the Middle East outweighed stronger production and exports. A rebound in Chinese retail sales June, relatively strong nominal ?GDP and hopes authorities will respond were the positives for investors. "I don't think they will be worried enough to announce any big stimulus, but it is going to be targeted, since they are aware that growth is only for the tech ?areas whereas the broader economy is continuing to underperform," said UOB economist Woei Chen Ho. China's yuan traded at a one-month high of ?6.7635 to the dollar. The euro steadied above $1.14 and the Australian dollar was hanging on to a 0.8% gain and testing $0.70. Brent crude futures steadied around $85.80 a barrel, having gained almost 13% this week on a flare-up in Middle East fighting. US ?President Donald Trump reimposed a naval blockade of Iranian ports on Tuesday and threatened to attack power plants and bridges next week unless Iran resumes negotiations to end their conflict, though he scrapped a plan for a 20% fee on ?shipping through Hormuz. In the US, BNY, Morgan Stanley, Johnson & Johnson and Blackrock report earnings before the morning bell and United Airlines after market close. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 15 2026 | 9:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tech Mahindra Q1 results to be announced on July 16. First Published: Jul 15 2026 | 9:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IGX counts GAIL, ONGC, Indian Oil, ?Adani Total Gas, Torrent Gas and NSE Investments among its other shareholders Indian Gas Exchange (IGX) has filed for an initial public offering, draft papers showed on Tuesday, as parent Indian Energy Exchange (IEX) looks to ?pare its stake in the gas trading exchange to comply with regulatory rules. IEX, which currently owns 47.3 per cent of IGX, will sell up to 16.7 million shares in the offering, reducing its stake to 25 per cent -the regulatory ceiling on ownership of a gas exchange by any ?shareholder that isn't itself a member of the exchange. IGX shares are expected to list on the BSE, according to its draft prospectus. The company is not selling new shares in the IPO and will not receive any proceeds. IGX counts GAIL, ONGC, Indian Oil, ?Adani Total Gas, Torrent Gas and NSE Investments among its other shareholders. The Noida-based company posted a 36.5 per cent rise in ?annual profit to ?42.2 crore ($4.37 million) in fiscal 2026, while revenue grew ?25 per cent to ?61.01 crore. Axis Capital and Motilal Oswal Investment Advisors are managing the offering. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 15 2026 | 9:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 56.14% to Rs 0.89 crore First Published: Jul 15 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 16.02% to Rs 130.77 crore First Published: Jul 15 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 11.47% to Rs 2940.10 crore First Published: Jul 15 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 22.37% to Rs 246.10 crore First Published: Jul 15 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 35.51% to Rs 33.89 crore First Published: Jul 15 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Jul 15 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 0.62% to Rs 242.77 crore First Published: Jul 15 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 14 2026 | 9:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company said it now intends to shutter its Venetia mine in South Africa for two years as part of ongoing cost-cutting plan First Published: Jul 14 2026 | 9:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To collaborate on strengthening state's digital media ecosystem Bodhi Tree Multimedia has signed a Memorandum of Understanding (MoU) with the Government of Tripura to collaborate on strengthening the state's digital media ecosystem, creator economy and technology-led public engagement initiatives. The proposed collaboration represents a long-term strategic partnership to support Tripura's vision of building a digitally enabled creative economy while expanding access to modern media infrastructure, digital services and technology-driven citizen engagement. The partnership spans several strategic areas, including the development of digital media platforms, creator ecosystem initiatives, digital marketing capabilities, media intelligence solutions. Together, these initiatives seek to create an integrated digital ecosystem that supports content creators, strengthens digital public services and encourages innovation within the state's media and technology landscape. First Published: Jul 14 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Equirus noted that India's power demand growth is the fastest among major economies, ahead of China, the US and the global average. First Published: Jul 14 2026 | 9:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 14 2026 | 9:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty July 2026 futures currently traded 10.50 points lower, suggesting a muted opening for the benchmark index today. Indias retail inflation breached the Reserve Banks target for the first time in 17 months, government data showed on Monday, setting ?the stage for interest rate hikes in an economy at risk from a prolonged West Asia conflict. The consumer price index rose to 4.38% year-over-year in June, up from 3.93% figure that was recorded in May. Inflation was led by higher fuel and food costs, which rose amid Iran war-driven supply disruptions and a delay in seasonal rains. The year-on-year inflation rate based on the All India Consumer Food Price Index (CFPI) for the month of June was 5.32%, Indias Ministry of Statistics and Program Implementation said in a Monday release. Transport inflation rose 4.3% in June, quicker than the 1.75% rise in May. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 3,062.27 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,171.70 crore in the Indian equity market on 13 July 2026, provisional data showed. The FIIs have bought shares worth Rs 1,510.62 crore so far in July (till 13 July 2026). This contrasts with their cash sales of Rs 49,028.63 crore in June, Rs 55,963.33 crore in May and Rs 70,135.46 crore in April. Global Markets: Asian markets edged lower and oil hit a one-month high in early Asian trading on ?Tuesday after President Donald Trump said the U.S. was reinstating its blockade of Iranian shipping in the Gulf and would collect a 20% fee on cargo traversing the Strait of Hormuz. Brent crude futures climbed 2.6% to $85.50 a barrel, their ??highest since mid-June, as trading resumed in Asia. The latest escalation came after Iran and the U.S. exchanged airstrikes over the weekend. Tehran targeted U.S. facilities in several Gulf countries and declared the Strait of Hormuz closed, though Trump disputed that claim on Sunday, saying the key shipping lane remained open to commercial traffic. Trump on Saturday ordered airstrikes on Iran after Tehran attacked a commercial vessel transiting the strait. Markets were also rattled by hawkish comments on Monday from Federal Reserve Governor Christopher Waller, who said the U.S. central bank may need to raise interest rates "in the near term" if coming data show inflation continuing well above the 2% target. Overnight, stocks on Wall Street sold off and oil futures surged more than 9% as conflict between the United States and Iran re-ignited, once again ?throttling the ??flow of goods through the Strait of Hormuz. The S&P 500 lost 0.79% to end the day at 7,515.34, while the Nasdaq Composite fell 1.55% to finish at 25,873.18. The Dow Jones Industrial Average settled down 138.37 points, or 0.26%, at 52,498.64. All eyes now are on the U.S. CPI data that is due for release later on Tuesday, followed by comments from Fed Chair Warsh, who will deliver the central bank's semi-annual monetary policy report to Congress. Domestic Market: Benchmark indices recovered from early losses to end marginally higher on Monday, supported by strong buying in IT stocks. The Nifty settled above the 24,200 mark after rebounding from an intraday low of 24,000.20. The Nifty IT index rallied 3.6%, led by a 5.5% jump in TCS, while consumer durables stocks also advanced. In contrast, FMCG and metal shares declined, while broader market indices ended largely flat. Investors largely shrugged off concerns over escalating geopolitical tensions in the Middle East and instead focused on stock-specific developments amid the ongoing first-quarter earnings season. The S&P BSE Sensex advanced 47.04 points or 0.06% to 77,616.40. The Nifty 50 index rose 4.10 points or 0.02% to 24,211. First Published: Jul 14 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 11.80 crore First Published: Jul 14 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 1.05% to Rs 7.71 crore First Published: Jul 14 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 0.06 crore First Published: Jul 14 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 8.91% to Rs 3128.71 crore First Published: Jul 14 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices rose 2 per cent on Tuesday to their highest in four weeks, as the US reimposed its naval blockade of Iran while the two countries stepped up attacks in the Strait of Hormuz, heightening uncertainty about energy flows. Brent crude futures climbed $1.68, or 2 per cent, to $84.98 per ?barrel by 0051 GMT, while US West Texas Intermediate crude rose $1.65, or 2.1 per cent, to $79.79 a barrel. Brent crude surged 9.6 per cent in the previous session, its biggest daily gain since May 2020. Oil prices are now at their highest since the two countries signed a memorandum of understanding to end the war on June 17. Two United Arab Emirates tankers were hit by two Iranian cruise missiles in the southern lane of the Strait of Hormuz in Omani territorial waters, the UAE Ministry of Defence said on Monday, killing one Indian crew member and wounding eight others. Meanwhile, US President Donald ?Trump told reporters that the United States had reinstated its blockade of Iranian shipping, adding that he wanted the US to be reimbursed for protecting countries that it was helping in the Strait of Hormuz. "The latest escalation, including the US reinstatement of the blockade and Iranian responses, has clearly injected fresh risk into the market," KCM Trade chief market analyst Tim Waterer said. "While a full closure hasn't occurred, the competing objectives of both sides have made the supply picture highly uncertain," he added. US Central Command said it began a third ?consecutive night of strikes against Iran, while Tehran's semi-official YJC news agency said early on Tuesday that seven explosions were heard in the port city of Bandar Abbas ?and two more on Kish Island. Elsewhere, Yemen's Houthi movement fired missiles at Saudi Arabia after accusing ?the kingdom of bombing an airport under its control on Monday. "If the Houthis extend their attacks to Saudi's crude products in the Red Sea, it could put (further) uncertainties ?on crude flows from the region," Simon Wong, a portfolio manager at Gabelli Funds, said in a note. Meanwhile, US crude oil stockpiles were expected to have fallen last week, while ?gasoline and distillate stocks likely rose, a preliminary Reuters poll showed on Monday. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 14 2026 | 8:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks swung between gains and losses and oil hit a one-month high in early Asian trading on Tuesday after President Donald Trump said the US was reinstating its blockade of Iranian shipping in the Gulf and would collect a 20 per cent fee on cargo traversing the Strait of Hormuz. In a volatile start to the ?session, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 per cent, led by a 2.2 per cent gain for Korean shares. Japan's Nikkei 225 was up 0.2 per cent, while S&P 500 e-mini futures nudged 0.1 per cent lower. Brent crude futures climbed 2.6 per cent to $85.50 a barrel, their highest since mid-June, as trading resumed in Asia. Markets were also rattled by hawkish comments on Monday from Federal Reserve Governor Christopher Waller, who said the US central bank may need to raise interest rates "in the near term" if coming data show inflation continuing well above the 2 per cent target. "While the risk had been building in the system over the past week, markets reacted aggressively" to the latest headlines from the Iran conflict, said Chris Weston, head of research ?at Pepperstone Group Ltd in Melbourne. "The prospect of tighter monetary policy into a potential energy shock is rarely supportive for risk assets." Overnight, stocks on Wall Street sold off and oil futures surged more than 9 per cent as conflict between the United States and Iran re-ignited, once again throttling the flow of goods through the Strait of Hormuz. The S&P 500 closed 0.8 per cent lower and the Nasdaq Composite fell 1.6 per cent. US CPI data is due for release later on Tuesday, followed by comments from Fed Chair Warsh, who will deliver the central bank's semi-annual monetary policy report to Congress. Fed funds futures are pricing in an implied 43.3 per cent probability of a 25-basis-point ?hike at the US central bank's next two-day meeting on July 28-29, compared to a 34.2 per cent chance on Friday, according to the CME Group's FedWatch tool. The yield on the US 10-year Treasury bond was up ?2.2 basis points at 4.6297 per cent. The US dollar index, which measures the greenback's strength against a basket of six currencies, ?held at 101.29, trading around its highest levels of the month. Gold was down 0.1 per cent at $3,997.27. In Seoul, stocks moved between negative and positive territory on Tuesday as shares in SK Hynix veered between gains ?and losses, falling as much as 4.7 per cent in the first few minutes of trading before rallying to trade up to 4.6 per cent higher. The volatility for the memory chipmaker comes after a dramatic plunge a day ?earlier following its Nasdaq debut last week. In cryptocurrencies, bitcoin was up 0.3 per cent at $62,318.43 while ether moved 0.7 per cent higher to $1,777.63. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 14 2026 | 8:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to Watch today: The Indian stock market's benchmark indices are set to open on a gap-down note. First Published: Jul 14 2026 | 8:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharat Electronics (BEL) has secured additional orders worth Rs 572 crore since its last disclosure on 22 June 2026. The new contracts include the supply of communication equipment, avionics, encryptors, tank sub-systems, electronic voting machines (EVMs), batteries, components, upgrades, spares, and related services. With these latest wins, BEL continues to strengthen its order book, driven by steady demand across defence electronics and strategic systems. The company has been reporting a steady inflow of orders from the defence and government sectors, supporting its long-term growth outlook. Bharat Electronics (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures electronic products and systems for the army, navy, and air force. The company reported a 4.61% jump in consolidated net profit to Rs 2,225.22 crore on an 11.74% rise in revenue from operations to Rs 10,224.43 crore in Q4 FY26 over Q4 FY25. Shares of Bharat Electronics shed 1.01% to end at Rs 410.70 on the BSE on 13 July 2026. First Published: Jul 14 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to open sharply lower as oil prices rose due to rising tension in West Asia First Published: Jul 14 2026 | 8:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Motilal Oswal sector of the week: NBFCs First Published: Jul 14 2026 | 7:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 14 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company informed the stock exchanges that it had allocated 4.63 crore shares to anchor investors at ?574 per share First Published: Jul 14 2026 | 7:43 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
share markets, markets First Published: Jul 14 2026 | 7:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 13 2026 | 11:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jio Platforms has replaced Kiran Thomas as chief executive officer with Pankaj Pawar ahead of its planned initial public offering, according to the company's draft IPO papers. The draft papers, submitted to capital markets regulator Sebi in June, mentioned that Thomas resigned as CEO on March 23, with Pawar taking charge the following day, March 24. Pawar, 53, also serves as managing director of Reliance Jio Infocomm Ltd. "Pankaj Mohan Pawar, aged 53 years, is the Chief Executive Officer of the Company and also serves as the managing director of Reliance Jio Infocomm Limited. He has been associated with the Reliance Group since 2000, and has close to three decades of experience in building and scaling large consumer and digital services businesses," the draft IPO papers said. Thomas, who previously served as president of Reliance Industries, does not feature among Jio Platforms' key managerial personnel in the draft prospectus, even though he has been visible in each presentation of the company, at every annual general meeting since the launch of the digital services arm of RIL. An email seeking comment from Jio elicited no response According to the draft IPO papers, RIL Chairman and Managing Director Mukesh D Ambani will be on the board of Jio Platforms as Chairman and non-executive director. Manoj Harjivandas Modi will be on board as non-executive director, and Akash Ambani as managing director of Jio Platforms. His siblings, Isha and Anant, will be on board as non-executive directors. Jio Platforms seeks to raise about USD 4 billion (Rs 37,700 crore), valuing the company at around USD 137 billion. According to the draft red herring prospectus (DRHP), Jio Platforms plans to issue up to 27 crore new shares, representing about 2.9 per cent of its post-issue equity capital. The offering marks a milestone for Reliance Industries as it seeks to unlock value from the telecom-to-technology business that has emerged as one of the group's primary growth engines since its launch in 2016. The IPO is aimed at unlocking value from Jio Platforms, whose businesses span telecommunications, digital services, enterprise solutions and emerging technology ventures. Its telecom unit, Reliance Jio Infocomm, is the world's second-largest mobile operator in terms of number of subscribers within a single country, behind China's China Mobile. Meta and Google are among the companies' largest foreign investors. If successful, Jio's IPO would surpass Hyundai Motor India's Rs 27,870 crore offering in 2024 to become the largest in the country's history. National Stock Exchange (NSE) - the country's largest bourse and the world's most active derivatives exchange - has also filed papers to raise as much as USD 3.3 billion through an IPO. The proposed IPO of Jio Platforms comprises a fresh issue of up to 27 crore shares with a face value of Rs 10 each. The issue price will be determined through a book-building process in accordance with SEBI regulations. The company did not disclose the price band or the total size of the offering, which will depend on the final issue price and regulatory approvals. Jio Platforms has previously attracted some of the world's largest technology and private equity investors. In 2020, the company raised more than USD 20 billion from investors, including Meta, Google, KKR, Silver Lake and General Atlantic, in a fundraising round that valued the business between USD 57 billion and USD 65 billion. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 13 2026 | 8:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Supreme Court First Published: Jul 13 2026 | 8:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Key highlights: The Company has received four BIS licenses for bearing products. The Company has received BIS License for Cylindrical Roller Bearing (CRB) Roller production at its Bharuch (new) plant. The Company has received BIS License for CRB production at its Bharuch (new) plant. The Company has received BIS License for TRB (Tapered Roller Bearing) Roller production at its Bharuch (new) and Jamshedpur plant. First Published: Jul 13 2026 | 8:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Thomas Cook (India) has introduced Zero Markup Card by relaunching its One Currency Card with Zero Mark-up and Zero Cross-Currency Conversion Charge. Designed for India's rapidly growing base of digitally savvy and frequent international travellers, the card offers a smarter, more transparent and cost-efficient payment solution for overseas travel. The company's latest offering combines the convenience of modern travel cards with the inherent advantages of a prepaid forex card, including the ability to lock in foreign exchange rates before travel. This provides customers protection against currency volatility a key concern amid the heightened fluctuations witnessed across global currencies this year. Deepesh Varma, Chief Business Officer Foreign Exchange, Thomas Cook (India) Limited, said, Today's travellers are far more value-conscious and digitally savvy when it comes to international spending. Our Zero Markup Forex Card has been designed to address the very specific needs of today's traveller by combining zero markup and zero cross-currency conversion charges with the unique advantage of locking in exchange rates before travel. This gives customers greater control over their overseas spends while protecting them from unpredictable exchange rate movements during their journey an advantage that is especially relevant in today's volatile currency environment. The initiative reiterates Thomas Cook's position as India ka Forex Specialist' and reflects our sustained focus on innovation and elevated customer experience. First Published: Jul 13 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With strategic AI data center investment of Rs 3,500 HCL Technologies (HCLTech) announced its entry into the full-stack AI market to address the complete spectrum of full-stack business opportunities arising from growing demand for AI-led services and solutions across private sector and government. This will be powered by a strategic investment of up to Rs 3,500 crore to establish AI data centers, with the potential to scale to 50MW of capacity. The AI data center investment is complemented by HCLTech's existing capabilities across AI data center design, DevOps and AI cloud operations as well as our software portfolio, enabling a truly integrated end-to-end play. The proposed investment shall be made through the Company's new subsidiary and step-down subsidiaries that will be set-up for this business. First Published: Jul 13 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Blue Cloud Softech Solutions announced that its United States subsidiary, Blue Cloud Softech Solutions USA (BCSSL-USA), has executed a five-year Master Services Agreement (MSA) with SpaceX International, MY. Under the Agreement, BCSSL-USA may provide Artificial Intelligence (AI) infrastructure, cloud-native AI platforms, enterprise AI solutions, AI consulting, AI integration, AI operations and related AI enabled digital transformation services, subject to mutually agreed Statements of Work and the terms of the Master Services Agreement. First Published: Jul 13 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 13 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The CCI imposed a penalty of ?126.87 crore on HP India and ?9.52 lakh on Delphi, apart from separate penalties on the other liable resellers and officials First Published: Jul 13 2026 | 7:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 13 July 2026 First Published: Jul 13 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Supreme Court First Published: Jul 13 2026 | 7:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 13 2026 | 6:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 99.63 crore shares as against 2.55 crore shares on offer. The issue opened for bidding on 9 July 2026 and it will close on 13 July 2026. The price band of the IPO is fixed between Rs 203 and 214 per share. An investor can bid for a minimum of 70 equity shares and multiples thereof. The issue comprises both an offer for sale and a fresh issue of equity shares (of Rs 5 face value) worth an aggregate of Rs 200 crore and Rs 542 crore, respectively. The entire portion of the offer for sale is by promoters, i.e., Deepak Goel (Rs 112.5 crore), Rakhi Goel (Rs 25 crore), and Devesh Goel (Rs 62.5 crore). Of the net proceeds, the company proposed to utilize Rs 490 crore towards repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the company and balance towards general corporate purposes. Outstanding borrowings end of 17 June 2026, stood at Rs 935.67crore. Laser Power & Infra is an integrated manufacturer of power and control cables, conductors, and specialty electrical products, along with providing EPC solutions for the power transmission and distribution sector. The company operates three manufacturing facilities in West Bengal and has executed power infrastructure projects across India and overseas. It serves government utilities, Indian Railways, discoms, and private EPC players, with a strong presence in East India. As of March 31, 2026, its order book stood at Rs 3,243.4 crore, spanning both manufacturing and EPC businesses. Ahead of the IPO, Laser Power & Infra on Wednesday, 09 July 2026, raised Rs 222.59 crore from anchor investors. The board allotted 1.04 crore shares at Rs 214 each to 19 anchor investors. The firm reported a consolidated net profit of Rs 151.59 crore and sales of Rs 2,326.10 crore for the twelve months ended on 31 March 2026. First Published: Jul 13 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.55% to Rs 1564.22 crore First Published: Jul 13 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 5.71% to Rs 220.94 crore First Published: Jul 13 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ICICI Prudential Asset Management Company reported strong Q1 FY27 earnings, driven by healthy growth in income and profitability. Total income increased 18.10% YoY and 20.18% QoQ to Rs 1,745.02 crore in the June 2026 quarter. Profit before tax stood at Rs 1,280.65 crore in Q1 FY27, up 22.45% QoQ and 20.61% YoY. Operating profit before tax increased 20.2% YoY to Rs 1,100 crore. On the cost front, total expenses increased 11.74% YoY to Rs 464.37 crore in Q1 FY27. Employee benefits expense rose 11.03% YoY to Rs 203.99 crore, while fees and commission expense increased 20.09% YoY to Rs 123.69 crore. Finance costs declined 7.96% YoY to Rs 4.74 crore, while depreciation and amortisation expense increased 10.78% YoY to Rs 28.06 crore. Other income increased 23.12% YoY to Rs 180.80 crore, while tax expense rose 13.55% YoY to Rs 316.02 crore. The company reported healthy growth in assets under management during the quarter. Mutual fund quarterly average assets under management (QAAUM) rose 18.32% YoY to Rs 11.17 lakh crore, with a market share of 13.4%. Actively managed QAAUM increased 15.13% YoY to Rs 9.25 lakh crore, with a market share of 13.5%. Equity and equity-oriented schemes QAAUM grew 19.82% YoY to Rs 6.31 lakh crore, with a market share of 14.0%. Equity-oriented hybrid QAAUM climbed 24.84% YoY to Rs 2.22 lakh crore, giving the company a market share of 26.6%. The alternatives business reported QAAUM of Rs 79,446 crore, comprising portfolio management services (PMS) assets of Rs 28,996 crore, alternative investment fund (AIF) assets of Rs 22,737 crore and advisory assets of Rs 27,713 crore. Monthly systematic transactions increased 14.77% YoY to Rs 4,872 crore in June 2026. The company had over 1.16 lakh empanelled distribution partners across 286 offices, while its unique customer base expanded to 17.3 million as of 30 June 2026 from 15.1 million a year earlier. ICICI Prudential Asset Management Company is one of India's leading asset managers, offering mutual funds, portfolio management services, alternative investment funds and offshore advisory services. With over 30 years of experience, the company serves 17.3 million customers through 286 offices and has a workforce of 3,813 employees. First Published: Jul 13 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 13 2026 | 5:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 13 2026 | 5:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee depreciated 27 paise to close at 95.65 (provisional) against the US dollar on Monday, weighed down by elevated crude oil prices after Iran declared the Strait of Hormuz closed. Renewed drone and missile strikes between the US and Iran prompted supply concerns, while elevated crude oil prices and a strong greenback triggered capital outflows. At the interbank foreign exchange market, the rupee opened at 95.72 against the American currency and traded in a range of 95.58-95.86 during the session. Indian shares recouped early losses to end little changed on Monday, with strong gains in information technology stocks helping limit the downside. A cautious undertone prevailed as renewed U.S.-Iran hostilities in the Middle East and Iran's claim to have closed the vital Strait of Hormuz sent crude oil prices soaring. The Sensex closed at 77,616.40 (up 47.01 points or 0.06%), and the Nifty 50 settled at 24,211.00 (up 4.10 points or 0.02%). First Published: Jul 13 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 13 2026 | 5:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's total exports (Merchandise and Services combined) for June 2026 are estimated at US$ 73.45 Billion, registering a positive growth of 9.48 percent vis-?-vis June 2025. Total imports (Merchandise and Services combined) for June 2026 are estimated at US$ 88.76 Billion, registering a positive growth of 26.85 percent vis-?-vis June 2025. India's total exports during April-June 2026-27 are estimated at US$ 232.73 Billion registering a positive growth of 11.37 percent. Total imports during April-June 2026-27 are estimated at US$ 270.15 Billion registering a growth of 17.55 percent. Merchandise exports during June 2026 were US$ 40.41 Billion as compared to US$ 34.98 Billion in June 2025. Merchandise imports during June 2026 were US$ 70.84 Billion as compared to US$ 54.08 Billion in June 2025. Merchandise exports during April-June 2026-27 were US$ 129.32 Billion as compared to US$ 111.57 Billion during April-June 2025-26. Merchandise imports during April-June 2026-27 were US$ 216.18 Billion as compared to US$ 180.31 Billion during April-June 2025-26. Merchandise trade deficit during April-June 2026-27 was US$ 86.86Billion as compared to US$ 68.75Billion during April-June 2025-26. The estimated value of services export for June 2026 is US$ 33.03 Billion as compared to US$ 32.11 Billion in June 2025. The estimated value of services imports for June 2026 is US$ 17.92 Billion as compared to US$ 15.90 Billion in June 2025. The services trade surplus for April-June 2026-27 is US$ 49.43 Billion as compared to US$ 47.90 Billion in April-June 2025-26. First Published: Jul 13 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ministry of Statistics & Programme Implementation stated today that year-on-year inflation rate based on All India Consumer Price Index (CPI) with base year 2024 for the month of June, 2026 over June, 2025 is 4.38% (Provisional). This marked an uptick compared to 3.93% in previous month. Corresponding inflation rates for rural and urban are 4.74% and 3.92%, respectively. Year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for the month of June, 2026 over June, 2025 is 5.32% (Provisional) after coming in at 4.78% in previous month. Corresponding inflation rates for rural and urban are 5.45% and 5.09%, respectively. Year-on-year Housing inflation rate for the month of June, 2026 is 2.10% (Provisional) and the corresponding inflation rates for rural and urban are 2.66% and 1.90%, respectively. Among the major divisions, the highest inflation was observed in the category of personal care, social protection, and miscellaneous goods and services, which soared at 16.72%. Restaurants and accommodation services followed with 6.91% rise in prices. Food and beverages saw an inflation rate of 5.05%, while paan, tobacco, and intoxicants recorded 4.83%. Transport inflation stood at 4.31%, and clothing and footwear inflation was at 3.23%. Education services inflation was 3.34%, and health inflation was 1.42%. The lowest inflation was recorded in information and communication, at 0.43%. Among key items, silver jewellery recorded the highest inflation at 133.21% in June 2026 while potato saw deflation of 20.34%. First Published: Jul 13 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Coimbatore plant will primarily cater to southern markets, including Tamil Nadu, Karnataka, Kerala, Telangana, Andhra Pradesh, and south Maharashtra Electric mobility firm Zelio E-Mobility on Monday announced the inauguration of a new manufacturing facility in Coimbatore, Tamil Nadu, with an annual production capacity of 60,000 units, as part of its expansion strategy in south India and parts of Maharashtra. With the commissioning of the new plant, the company's total installed manufacturing capacity has increased to 240,000 units per annum across its four facilities. Established with a capital investment of up to ?1 crore, the new facility spans approximately 39,000 sq ft and will support electric scooter assembly, storage, logistics, and allied business operations, the company said. The plant will manufacture and assemble electric two-wheeler models from Zelio E-Mobility's product portfolio to begin with, it added. The Coimbatore plant will primarily cater to southern markets, including Tamil Nadu, Karnataka, Kerala, Telangana, Andhra Pradesh, and south Maharashtra. During its initial phase of operations, Zelio said the Coimbatore plant is expected to manufacture and assemble approximately 24,000-30,000 electric two-wheelers annually, with production gradually scaling in line with market demand and operational ramp-up. Over the next 12-24 months, the facility is expected to accelerate Zelio E-Mobility's growth in southern markets by strengthening dealer penetration, enhancing after-sales service, and improving supply chain efficiency, it said. "South India represents one of the most promising electric mobility markets in the country, and this expansion strengthens our ability to serve customers, dealers, and partners with greater speed and efficiency," said Kunal Arya, Managing Director of Zelio E-Mobility. Zelio E-Mobility's manufacturing network already includes its Ladwa plant and Patan plants in Haryana and Cuttack plant in Odisha to support production, assembly, and regional operations. The company reported an 81.8 per cent year-on-year growth in revenue to ?313.68 crore in FY2025-26. It has over 400 dealer networks across 25 states, with plans to scale to more than 550 dealerships by this financial year end, it said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 13 2026 | 1:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The India-UK Comprehensive Economic and Trade Agreement (CETA) is expected to reduce/remove tariffs on a wide range of Indian exports. First Published: Jul 13 2026 | 1:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TCS stock soared 6% in Monday's trade after announcing expansion of its partnership with ABB. First Published: Jul 13 2026 | 1:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sambhv Steel Tubes rose 1.14% to Rs 120 after the company said its board will meet on Wednesday, 15 July 2026, to consider a proposal to raise funds. Sambhv Steel Tubes is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow sections) in India. The company is one of only two manufacturers in the country producing ERW steel pipes and tubes, including hollow sections, using narrow-width hot-rolled (HR) coils. The company reported a 221.5% surge in consolidated net profit to Rs 53.31 crore on a 38.4% increase in revenue from operations to Rs 685.31 crore in Q4 FY26 compared with Q4 FY25. First Published: Jul 13 2026 | 1:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ajanta Pharma Ltd is quoting at Rs 3417.4, up 2.05% on the day as on 12:49 IST on the NSE. The stock is up 29.13% in last one year as compared to a 3.45% spurt in NIFTY and a 14.2% spurt in the Nifty Pharma index. Ajanta Pharma Ltd gained for a third straight session today. The stock is quoting at Rs 3417.4, up 2.05% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.04% on the day, quoting at 24216.7. The Sensex is at 77693.16, up 0.16%. Ajanta Pharma Ltd has risen around 11.88% in last one month. Meanwhile, Nifty Pharma index of which Ajanta Pharma Ltd is a constituent, has risen around 5.67% in last one month and is currently quoting at 25674.1, down 0.32% on the day. The volume in the stock stood at 78457 shares today, compared to the daily average of 1.45 lakh shares in last one month. The PE of the stock is 44.47 based on TTM earnings ending March 26. First Published: Jul 13 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ipca Laboratories Ltd is quoting at Rs 1831.5, up 2.44% on the day as on 12:49 IST on the NSE. The stock is up 25.72% in last one year as compared to a 3.45% spurt in NIFTY and a 14.2% spurt in the Nifty Pharma index. Ipca Laboratories Ltd is up for a third straight session in a row. The stock is quoting at Rs 1831.5, up 2.44% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.04% on the day, quoting at 24216.7. The Sensex is at 77693.16, up 0.16%. Ipca Laboratories Ltd has risen around 16.23% in last one month. Meanwhile, Nifty Pharma index of which Ipca Laboratories Ltd is a constituent, has risen around 5.67% in last one month and is currently quoting at 25674.1, down 0.32% on the day. The volume in the stock stood at 2.25 lakh shares today, compared to the daily average of 2.31 lakh shares in last one month. The PE of the stock is 39.27 based on TTM earnings ending March 26. First Published: Jul 13 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lloyds Metals & Energy Ltd is quoting at Rs 1820.9, up 1.18% on the day as on 12:49 IST on the NSE. The stock is up 23.18% in last one year as compared to a 3.45% gain in NIFTY and a 33.44% gain in the Nifty Metal index. Lloyds Metals & Energy Ltd rose for a third straight session today. The stock is quoting at Rs 1820.9, up 1.18% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.04% on the day, quoting at 24216.7. The Sensex is at 77693.16, up 0.16%. Lloyds Metals & Energy Ltd has added around 3% in last one month. Meanwhile, Nifty Metal index of which Lloyds Metals & Energy Ltd is a constituent, has added around 4.05% in last one month and is currently quoting at 12688.9, down 1.06% on the day. The volume in the stock stood at 3.18 lakh shares today, compared to the daily average of 4.72 lakh shares in last one month. The PE of the stock is 31.73 based on TTM earnings ending March 26. First Published: Jul 13 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oracle Financial Services Software Ltd is quoting at Rs 11878, up 1.95% on the day as on 12:49 IST on the NSE. The stock is up 36.01% in last one year as compared to a 3.45% fall in NIFTY and a 21.59% fall in the Nifty IT index. Oracle Financial Services Software Ltd rose for a third straight session today. The stock is quoting at Rs 11878, up 1.95% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.04% on the day, quoting at 24216.7. The Sensex is at 77693.16, up 0.16%. Oracle Financial Services Software Ltd has added around 26.73% in last one month. Meanwhile, Nifty IT index of which Oracle Financial Services Software Ltd is a constituent, has added around 4.12% in last one month and is currently quoting at 28010.35, up 4.34% on the day. The volume in the stock stood at 3.3 lakh shares today, compared to the daily average of 3.21 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 11933, up 1.91% on the day. Oracle Financial Services Software Ltd is up 36.01% in last one year as compared to a 3.45% fall in NIFTY and a 21.59% fall in the Nifty IT index. The PE of the stock is 36.58 based on TTM earnings ending March 26. First Published: Jul 13 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Persistent Systems Ltd is quoting at Rs 5158.7, up 2.07% on the day as on 12:49 IST on the NSE. The stock is down 7.96% in last one year as compared to a 3.45% slide in NIFTY and a 21.59% slide in the Nifty IT index. Persistent Systems Ltd is up for a third straight session today. The stock is quoting at Rs 5158.7, up 2.07% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.04% on the day, quoting at 24216.7. The Sensex is at 77693.16, up 0.16%. Persistent Systems Ltd has gained around 5.48% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has gained around 4.12% in last one month and is currently quoting at 28010.35, up 4.34% on the day. The volume in the stock stood at 5.39 lakh shares today, compared to the daily average of 11.42 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 5158.9, up 1.85% on the day. Persistent Systems Ltd is down 7.96% in last one year as compared to a 3.45% slide in NIFTY and a 21.59% slide in the Nifty IT index. The PE of the stock is 46.9 based on TTM earnings ending March 26. First Published: Jul 13 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coforge Ltd is quoting at Rs 1535.4, up 2.1% on the day as on 12:49 IST on the NSE. The stock is down 18.11% in last one year as compared to a 3.45% drop in NIFTY and a 21.59% drop in the Nifty IT index. Coforge Ltd is up for a third straight session in a row. The stock is quoting at Rs 1535.4, up 2.1% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.04% on the day, quoting at 24216.7. The Sensex is at 77693.16, up 0.16%. Coforge Ltd has risen around 9.48% in last one month. Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has risen around 4.12% in last one month and is currently quoting at 28010.35, up 4.34% on the day. The volume in the stock stood at 31.84 lakh shares today, compared to the daily average of 38.84 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 1538, up 2.42% on the day. Coforge Ltd is down 18.11% in last one year as compared to a 3.45% drop in NIFTY and a 21.59% drop in the Nifty IT index. The PE of the stock is 42.45 based on TTM earnings ending March 26. First Published: Jul 13 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold prices can crash to $3400 First Published: Jul 13 2026 | 10:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mumbai-based listed developer has shared its operational update for April-June quarter of FY27 Keystone Realtors Ltd has posted a 42 per cent decline in its sales bookings to ?617 crore for the quarter ended June as it did not launch any new project. The company had sold properties, primarily housing, worth ?1,068 crore in the year-ago period. Mumbai-based listed developer has shared its operational update for April-June quarter of FY27. " Given that there was no new launch planned in Q1FY27, pre-sales were mainly supported by resilient sustenance sales, reflecting continued buyer interest and sustained homebuyer confidence in the company's projects," Keystone Realtors said. With general improvement in economic situation due to stability in geo-political situation, the company said it expects pickup in sales in the upcoming quarters. The collections of funds from customers rose to ?599 crore in Q1FY27 as compared to ?575 crore in the year-ago period. Boman Irani, CMD of Keystone Realtors Ltd, said, "Q1, FY27 marks a steady start to the year as we build on the strong momentum achieved in FY26." Looking ahead, he said the company has a robust pipeline of launches planned across the Mumbai Metropolitan Region (MMR) over the coming quarters. "These launches are expected to strengthen our market position and support our objective of achieving the pre-sales guidance for FY27." Backed by our execution capabilities, disciplined project delivery, and favorable market fundamentals, Irani said the company remains well positioned to drive sustainable growth. On the business development front, Keystone Realtors added two land parcels during the June quarter that can generate a total estimated revenue of ?713 crore. Keystone Realtors is one of the leading real estate developers in the country. It has a significant presence in the MMR market. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 13 2026 | 10:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Just Dial stock zoomed 15% in Monday's trade on upbeat Q1 results. Just Dial's revenue growth was driven by 3.5 per cent YoY growth in paid campaigns and pricing-led improvements, note analysts at ICICI Securities. Among other key factors, the brokerage highlights collections increased 13.7 per cent YoY, while web traffic remained largely flat YoY. EBITDA margin declined 233 basis points (bps) YoY driven by headcount expansion (+267 employees QoQ) and higher marketing investments. Active listings (56.1mn) increased 2.6 per cent QoQ/ 12.9 per cent YoY. The brokerage also highlighted a leadership transition at Just Dial, with founder VSS Mani stepping down as CEO & MD effective July 31, 2026. Former Flipkart executive, Dinkar Ayilavarapu has been appointed CEO-designate and will take over as CEO from August 1, 2026. The company also appointed Dinesh Taluja as its new Chief Financial Officer (CFO). We believe improving clarity on this management transition could help rerate the stock, said ICICI Securities. First Published: Jul 13 2026 | 10:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 147.76 crore shares as against 1.14 crore shares on offer. The qualified institutional buyers' (QIBs) portion was subscribed 284.10 times The non-institutional investors (NII) category was subscribed 165.46 times and the retail individual investors category was subscribed 26.47 times. The issue opened for bidding on 8 July 2026 and it closed on 10 July 2026. The price band of the IPO is fixed between Rs 398 and 419 per share. The company planned to raise Rs 650 crore through the IPO, which consisted entirely of an offer for sale of 1,55,13,126 shares at the upper price band of Rs 419. The entire proceeds from the sale went to promoter shareholders Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar, and Siddharth Yogesh Kusumgar HUF. Employees received a discount of Rs 39 per share on the final issue price. Kusumgar reserved shares worth Rs 3.5 crore for eligible employees. Kusumgar is a leading manufacturer of engineered synthetic functional and performance fabrics used across aerospace & defence, industrial, automotive, and outdoor lifestyle applications. The company operates a vertically integrated manufacturing setup with facilities in Gujarat and Uttar Pradesh, enabling end-to-end production from weaving and coating to lamination and fabrication. It has developed over 1,000 fabric variants and derives a significant share of its revenue from both domestic and export markets, serving government and private sector customers. Ahead of the IPO, Kusumgar, on 7 July 2026, raised Rs 193.94 crore from anchor investors. The board allotted 46.28 lakh shares at Rs 419 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 98.20 crore and sales of Rs 692 crore for the twelve months ended on 31 March 2026. First Published: Jul 13 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sensex sheds 712pts intraday, Nifty at 24k amid West Asia woes: Key reasons First Published: Jul 13 2026 | 10:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 13 2026 | 10:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee fell 39 paise to 95.77 against the American currency in early trade on Monday, weighed down by elevated crude oil prices. Forex traders said with Brent oil prices rising over USD 79 to the barrel the Indian rupee is expected to open weaker at 95.53 levels after Iran declared the Strait of Hormuz as closed. At the interbank foreign exchange market, the rupee opened at 95.72, then touched 95.77 against the US dollar, registering a loss of 39 paise from its previous close. On Friday, the rupee rose 9 paise to settle at 95.38 against the US dollar. "The renewed fighting between the US and Iran revived fears of a major disruption to global Crude supplies," said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 101.12, up 0.17 per cent. Meanwhile, Brent crude, the global oil benchmark, was trading higher by 4.05 per cent at USD 79.09 per barrel in futures trade. "Brent oil prices rose by more than 4 per cent this Monday morning rising to USD 79.25 per barrel as Iran announced the closure of Strait of Hormuz. The latest rally came after Iran on Sunday expanded missile and drone attacks to Gulf states and the UAE in retaliation for US strikes," Bhansali added. On the domestic equity market front, Sensex tanked 616.15 points to 76,946.97 in early trade, while the Nifty dropped 190.50 points to 24,015. Foreign institutional investors purchased equities worth Rs 2,603.72 crore on a net basis on Friday, according to exchange data. On the domestic macroeconomic front, the Reserve Bank of India on Friday said the country's forex reserves jumped USD 7.26 billion to USD 674.193 billion during the week ended July 3. In the previous reporting week, the forex kitty had dropped by USD 5.654 billion to USD 666.933 billion. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 13 2026 | 10:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lux Cozi Group (Vertical 'A' of Lux Industries) marked a landmark milestone in its growth journey on 11 July 2026 with the foundation stone laying of its new state-of-the-art manufacturing facility at Dankuni, West Bengal. With a planned investment of approximately Rs 600 crore, the project represents one of the largest manufacturing investments in the company's history and is set to establish one of Asia's largest garment manufacturing hubs. The company will expand its existing 8 lakh sq. ft. Dankuni facility by another 12 lakh sq. ft., creating a massive 20 lakh sq. ft. manufacturing campus. Once fully operational, this highly automated facility will set new benchmarks in production efficiency and scale, cementing the Lux Cozi Group's position as one of the leading Indian apparel manufacturer across the world. The expansion adds an annual capacity of an additional 20 crore pieces to the existing facility's 12 crore pieces, boosting the Lux Cozi Group's total nationwide capacity from nearly 20 crore to approximately 36 crore pieces annually. Once fully operational, this highly automated facility will set new benchmarks in production efficiency and scale, enabling the company to meet rising domestic and global demand. Beyond manufacturing, the project is expected to generate approximately 3,000 direct and 6,000 indirect employment opportunities, creating significant socio-economic impact and reinforcing West Bengal's position as a preferred manufacturing destination. First Published: Jul 13 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For the week ended July 3, foreign currency assets, a major component of the reserves, increased USD 4.51 billion to USD 545.578 billion, the central banks data showed. Value of gold reserves jumped USD 2.669 billion to USD 105.205 billion during the week. The special drawing rights (SDRs) were up USD 65 million at USD 18.623 billion, the apex bank said. Indias reserve position with the IMF was also up by USD 15 million to USD 4.787 billion at the end of the reporting week, according to the apex banks data. First Published: Jul 13 2026 | 9:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market participants will closely monitor further developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season and corporate business updates, as well as the progress of the southwest monsoon for cues on market direction. Barring media all the sectoral indices on the NSE were traded in red with auto, metal and private bank shares emerging as the biggest laggards in early trade. At 09:25 IST, the barometer index, the S&P BSE Sensex declined 640.50 points or 0.83% to 76,928.89. The Nifty 50 index fell 181.90 points or 0.75% to 24,025. The broader market outperformed the frontline indices. The BSE 150 MidCap Index fell 0.56% and the BSE 250 SmallCap Index dropped 0.25%. The market breadth was weak. On the BSE, 1,550 shares rose and 1,655 shares fell. A total of 221 shares were unchanged. Foreign portfolio investors (FPIs) bought shares worth Rs 2,603.72 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,019 crore in the Indian equity market on 10 July 2026, provisional data showed. Stocks in Spotlight: Keystone Realtors declined 2.02% after the company has reported a 42% drop in pre-sales to Rs 617 crore in Q1 FY27 from Rs 1,068 crore in Q1 FY26. JSW Energy shed 0.31%. The company said that its step-down subsidiary, JSW Energy PSP Eleven (JEPEL), has secured orders worth Rs 443.74 crore from Bondada Renewable Energy for the supply of Battery Energy Storage System (BESS) and Power Conversion System (PCS) solutions. Fino Payments Bank surged 11.37% after the banks average total deposits jumped 11% to Rs 2,755 crore in June 2026 compared with Rs 2,477 crore in June 2025. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 0.34% to 6.739 compared with the previous session close of 6.716. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.6650 compared with its close of 95.3800 during the previous trading session. MCX Gold futures for 5 August 2026 settlement declined 1.04% to Rs 1,41,991. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.19% to 101.14. The United States 10-year bond yield rose 0.33% to 4.584. In the commodities market, Brent crude for September 2026 settlement jumped $3.01 or 3.96% to $79.02 a barrel. Global Markets: Asian markets traded lower on Monday after surrendering early gains as investors remained cautious amid renewed geopolitical tensions in the Middle East. Investor sentiment weakened after Iran and the United States exchanged airstrikes over the weekend. Tehran claimed it had targeted U.S. military facilities across multiple Gulf countries and announced the closure of the Strait of Hormuz. However, U.S. President Donald Trump rejected the claim on Sunday, stating that the strategic waterway remained open to commercial shipping. In South Korea, shares of SK Hynix fell 5% after the chipmaker's stock had surged 13% during its Nasdaq debut, prompting investors to book profits. In US, Wall Street ended higher on Friday. The Dow Jones Industrial Average gained 0.29% to close at 52,637.01, the S&P 500 rose 0.42% to 7,575.39, and the Nasdaq Composite advanced 0.29% to finish at 26,281.61. Investors are also gearing up for a busy U.S. earnings week, with several major financial institutions, including JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and Wells Fargo, scheduled to report quarterly results. Earnings from Netflix, Johnson & Johnson and UnitedHealth are also expected to be closely watched for clues on corporate performance and the broader economic outlook. Domestic Market: Benchmark equity indices rallied sharply on Friday, with the Nifty closing above the 24,200 mark, supported by broad-based buying across sectors. Investor sentiment was further lifted by positive global cues as concerns over a broader Middle East conflict eased. Lower crude oil prices, a firmer rupee and a decline in the India VIX added to the positive momentum. The S&P BSE Sensex jumped 827.57 points or 1.08% to 77,569.39. The Nifty 50 index rose 244.10 points or 1.02% to 24,206.90. In two consecutive trading sessions, the Sensex rallied 1.35% while the Nifty jumped 1.33%. First Published: Jul 13 2026 | 9:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Smartworks Coworking Spaces has leased over 930 seats to the India-based subsidiary of a UK-headquartered global professional services and technology firm in Pune. With this addition, the client's total seat count with Smartworks now stands at over 1,730 seats. The 60-month engagement is expected to generate committed rental revenue of Rs 58 crore. Combined with the existing engagement, the expected rental commitment is estimated at Rs 102 crore. First Published: Jul 13 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The index comprises 326 companies selected from the Nifty 500 universe that do not engage in activities considered harmful to animals. It has been developed in collaboration with the Ahimsagain Foundation under its Ahimsa Investment Movement (AIM) framework, which classifies companies into Green, Orange and Red categories based on their alignment with Ahimsa principles. Only companies in the Green category are eligible for inclusion. The index has a base date of 1 April 2016 and a base value of 1,000. It will be rebalanced semi-annually, with constituents weighted based on their free-float market capitalisation. Since inception (1 April 2016), the index has delivered a 15.11% CAGR return. Over the last five years, it has generated a CAGR of 13.09%, while the one-year total returns stood at -0.98%. The largest sector allocations are Automobile & Auto Components (13.05%), Capital Goods (12.20%), Information Technology (11.80%) and Financial Services (10.35%). Top constituents by weight include Bharti Airtel (6.01%), Infosys (3.74%), Mahindra & Mahindra (2.92%), Tata Consultancy Services (2.21%) and Maruti Suzuki India (1.96%). NSE Indices said the benchmark is intended for investors seeking ethical investment opportunities while maintaining diversified equity market exposure. It is also expected to support the launch of passive investment products such as exchange-traded funds (ETFs), index funds and other structured investment products. First Published: Jul 13 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The GIFT Nifty July 2026 futures currently traded 189 points lower, suggesting a negative opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 2,603.72 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,019 crore in the Indian equity market on 10 July 2026, provisional data showed. The FIIs have bought shares worth Rs 4,572.89 crore so far in July (till 10 July 2026). This contrasts with their cash sales of Rs 49,028.63 crore in June, Rs 55,963.33 crore in May and Rs 70,135.46 crore in April. Global Markets: Asian markets traded lower on Monday after surrendering early gains as investors remained cautious amid renewed geopolitical tensions in the Middle East. Investor sentiment weakened after Iran and the United States exchanged airstrikes over the weekend. Tehran claimed it had targeted U.S. military facilities across multiple Gulf countries and announced the closure of the Strait of Hormuz. However, U.S. President Donald Trump rejected the claim on Sunday, stating that the strategic waterway remained open to commercial shipping. In South Korea, shares of SK Hynix fell 5% after the chipmaker's stock had surged 13% during its Nasdaq debut, prompting investors to book profits. In US, Wall Street ended higher on Friday. The Dow Jones Industrial Average gained 0.29% to close at 52,637.01, the S&P 500 rose 0.42% to 7,575.39, and the Nasdaq Composite advanced 0.29% to finish at 26,281.61. Investors are also gearing up for a busy U.S. earnings week, with several major financial institutions, including JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and Wells Fargo, scheduled to report quarterly results. Earnings from Netflix, Johnson & Johnson and UnitedHealth are also expected to be closely watched for clues on corporate performance and the broader economic outlook. Domestic Market: Benchmark equity indices rallied sharply on Friday, with the Nifty closing above the 24,200 mark, supported by broad-based buying across sectors. Investor sentiment was further lifted by positive global cues as concerns over a broader Middle East conflict eased. Lower crude oil prices, a firmer rupee and a decline in the India VIX added to the positive momentum. The S&P BSE Sensex jumped 827.57 points or 1.08% to 77,569.39. The Nifty 50 index rose 244.10 points or 1.02% to 24,206.90. In two consecutive trading sessions, the Sensex rallied 1.35% while the Nifty jumped 1.33%. First Published: Jul 13 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Kaynes Technology India are banned from F&O trading on 13 July 2026. Result Today: HCL Technologies, ICICI Prudential Asset Management Company, Bajaj Consumer Care, Nuvoco Vistas Corporation, Leapfrog Engineering Services, Plastiblends India, Simbhaoli Sugars, and Vivo Bio Tech will announce their quarterly earnings today. Stocks to Watch: Avenue Supermarts, which owns and operates the DMart retail chain, reported an 11.33% increase in consolidated net profit to Rs 860.61 crore for the first quarter of FY27, compared with Rs 772.97 crore in the corresponding quarter last year. Revenue from operations rose 14.88% to Rs 18,794.53 crore in Q1 FY27 as against Rs 16,359.70 crore in Q1 FY26. L&T Finance reported a 28.72% year-on-year (YoY) increase in consolidated net profit to Rs 902.47 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 701.10 crore in the corresponding quarter last year. Total revenue from operations jumped 22.38% YoY to Rs 5,212.92 crore in Q1 FY27. Just Dial has reported a 4.1% rise in net profit to Rs 166.3 crore on a 9.9% increase in operating revenue to Rs 327.5 crore in Q1 FY27 as compared with Q1 FY26. Keystone Realtors has reported a 42% drop in pre-sales to Rs 617 crore in Q1 FY27 from Rs 1,068 crore in Q1 FY26. JSW Energy said that its step-down subsidiary, JSW Energy PSP Eleven (JEPEL), has secured orders worth Rs 443.74 crore from Bondada Renewable Energy for the supply of Battery Energy Storage System (BESS) and Power Conversion System (PCS) solutions. Fino Payments Bank's average total deposits jumped 11% to Rs 2,755 crore in June 2026 compared with Rs 2,477 crore in June 2025. RITES announced that, as part of a consortium, it has secured a consultancy contract worth Rs 79.22 crore from the Patna Metro Rail Corporation for the implementation of the Patna Metro Rail Construction Project. Emcure Pharmaceuticals said that its subsidiary Gennova Biopharmaceuticals has executed a business transfer agreement for the transfer of its mRNA business as a going concern on a slump sale basis to Immunoscript Life Science. Powerica has emerged as the winning bidder in the e-reverse auction conducted by Gujarat Urja Vikas Nigam (GUVNL) for the procurement of power from 250 MW grid-connected wind power projects. The company secured a 50 MW project. Its discovered tariff stood at Rs 3.51 per unit, representing a 2.77 percent variation from the tender's starting tariff. First Published: Jul 13 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.96% to Rs 11608.00 crore First Published: Jul 13 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 51.15% to Rs 3.96 crore First Published: Jul 13 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 14.88% to Rs 18794.53 crore First Published: Jul 13 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 48.81% to Rs 0.43 crore First Published: Jul 13 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Monarch Surveyors and Engineering Consultants said that it has secured a domestic work order worth Rs 2.62 crore from the Office of the District Superintendent of Land Records, Nagpur. Under the contract, the company will deploy licensed surveyors for the District Superintendent of Land Records, Nagpur. The work will commence immediately and is expected to be completed in accordance with the timelines specified in the contract. The total contract value stands at Rs 2,61,70,200 (approximately Rs 2.62 crore), and the consideration will be paid in cash. The company said the contract has been awarded by a domestic government entity and is subject to the necessary approvals from the relevant governmental authorities. Monarch Surveyors clarified that the transaction does not qualify as a related-party transaction. It further stated that neither its promoter nor the promoter group has any interest in the contract. As the award pertains to a work contract, details relating to shareholding or control acquisition are not applicable. Monarch Surveyors and Engineering Consultants provides end-to-end consultancy services for infrastructure projects, including survey, design, and technical supervision for roads, railways, metros, town planning, geospatial mapping, land acquisition, water, transmission lines, pipelines, and other civil engineering sectors. The company reported a 16.1% rise in standalone net profit to Rs 34.83 crore on a 10.5% increase in revenue to Rs 154.14 crore in FY25 compared with FY24. The counter rose 0.49% to settle at Rs 226 on the BSE on July 10, 2026. First Published: Jul 13 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 13 2026 | 8:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajaya Mohanty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wimbledon Women's Single champions Linda Noskova Linda Noskova placed fingers in both of her ears to drown out the noise from the Centre Court crowd. She draped one of Wimbledon's strawberry-red towels over her head. And eventually - after she had wasted five match points and a 5-2 lead and conceded the second set of a drama-filled final - she left the court completely for a bathroom break. During Noskova's brief time off the court, two shiny objects caught her attention: the Venus Rosewater Dish that is awarded to the women's champion and the smaller dish for the runner-up. "I was like, I'm not going to take the small one. I'm taking the big one. I have been so close. This will probably be the heartbreak of my life,'" Noskova said. "'I'm going to leave my soul on court in the third set, whatever that be.'" The 21-year-old Noskova did just as she promised herself, overcoming her second-set meltdown to beat Karolina Muchova 6-2, 5-7, 6-3 in an all-Czech final for her first Grand Slam trophy on Saturday. When Noskova finally finished it off with a service winner on her sixth match point - and first of the third set - she covered her face and dropped down to the grass on her back. Minutes later, Noskova was being awarded the Venus Rosewater Dish by Kate, the Princess of Wales. "It's never easy to get the last point," Noskova said during her victory speech. "Karo, you really made me work for it." Noskova became the third Czech woman in four years to win the grass-court major, after Marketa Vondrousova in 2023 and Barbora Krejcikova in 2024. Muchova and Noskova played doubles together at the 2024 Paris Olympics and finished fourth. "I am so glad that I could play my first Grand Slam final with you," Noskova told Muchova during her speech. "We made history today. All our Czech fans at home are proud of us no matter the result. It was a good day for both of us." Petra Kvitova, who won Wimbledon in 2011 and 2014, was in attendance, as was the greatest Czech-born player of them all, Martina Navratilova - who won a record nine singles titles at the All England Club and was seated next to Princess Kate in the Royal Box; and Jan Kodes, the 1973 champion. Kipling's poem An excerpt of the poem "If" by Rudyard Kipling that was placed above the players' entrance to Centre Court more than a century ago summarizes the challenges Noskova had to overcome. "If you can meet with triumph and disaster," the excerpt says. "And treat those two imposters just the same." It's not the first time that Noskova has had to overcome adversity at Wimbledon. Her mother died just before she played the tournament two years ago. "I definitely would not be standing here without her, so thank you," Noskova said in a dedication to her mother during her speech when she blew a kiss skyward. Navratilova wiped away tears listening to Noskova's tribute. Moments earlier, Muchova began her runner-up speech by calling Noskova "my ex-friend. "I'm kidding, obviously," Muchova quickly added. "You're so young and this was your first final of a Grand Slam and the way you handled it ... was really unbelievable. ... You deserve it." It was the 29-year-old Muchova's second Grand Slam final after getting beat by Iga Swiatek at the French Open in 2023. Wasted chances Blasting aces and winners from all over the court early on, Noskova looked like she was going to run away with it almost like Swiatek's 6-0, 6-0 rout of Amanda Anisimova in last year's final, which lasted all of 57 minutes. Saturday's match was just 68 minutes old when Noskova earned her first match point - which ended when she landed a backhand into the net. Two points later, there was another backhand miss from Noskova; then Muchova took advantage of a net-cord shot on Noskova's third match point in the same game. Serving for the title in the next game, Noskova double faulted on her fourth match point. And then on the fifth occasion to end it, Muchova produced a big serve and forehand winner. In all, Noskova lost five straight games. "It's hard to watch," Tracy Austin said on the BBC as she called the match alongside John McEnroe. "We know what that feels like when you start to get tight and you can't loosen up and then the lead starts to unravel." Noskova said, "Winning it this way, really having to fight for it, having all these ups and downs, it matters a lot. I have to learn a lot from this match." Czech success It's Noskova's second grass title of the season after beating Jessica Pegula in the Berlin Open final. But as this match displayed, it hasn't been all straightforward. Noskova saved a match point in the third set of her third-round match against Sorana Cirstea. The 12th-ranked Noskova will climb to No. 7 - a new career-high - when the next rankings are released on Monday. She's the youngest woman to win Wimbledon since Kvitova was also 21 in 2011. Jana Novotna, one of Noskova's first coaches, also won Wimbledon (in 1998). How to explain all the Czech success? "They play on clay in the summer where you have to out-maneuver your opponent and then in the winter they go indoors and it's first-strike tennis," Austin said. "The best of both worlds to create an all-court player." In the men's final on Sunday, top-ranked Jannik Sinner will attempt to defend his title against French Open champion Alexander Zverev. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 12 2026 | 7:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Norwegian Air replaced its Instagram profile picture with British Airways' Speedmarque logo A post shared by Norwegian (@flynorwegian) A post shared by Norwegian (@flynorwegian) First Published: Jul 12 2026 | 6:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 12 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 12 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold and silver are expected to remain volatile with a corrective bias in the coming week as investors assess the latest flare-up in the US-Iran conflict, movements in crude oil prices and inflation data that could reshape expectations for global interest rates, analysts said. Fresh hostilities in West Asia have once again put markets on edge. The latest round of tensions began after Iran said it had struck a vessel travelling on an unapproved route and subsequently announced the closure of the Strait of Hormuz. The US Central Command later said it carried out strikes on Tehran, following which Iran retaliated by targeting American-linked installations in the United Arab Emirates, Kuwait, and Bahrain. Analysts said any further escalation in the conflict could drive crude oil prices higher, revive inflation concerns and strengthen safe-haven assets such as the US dollar and Treasury yields, limiting the upside for precious metals. "For gold and silver, momentum remains down and corrective. Focus will again turn back on the US-Iran conflict. Any big escalation would again push oil prices higher and will strengthen safe-haven assets like the US dollar and Treasury bond yields," said Pranav Mer, Senior Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd. Besides geopolitical developments, markets will closely watch inflation data from India, the EU, and the United States for fresh clues on the monetary policy trajectory of major global central banks, he said. On the domestic front, MCX gold futures for August delivery fell Rs 3,900, or 2.65 per cent, during the week to close at Rs 1.43 lakh per 10 grams. Silver for the September contract also plunged Rs 14,746, or 6.2 per cent, to Rs 2.22 lakh per kilogram. "Gold witnessed another subdued week, declining more than 2 per cent, as a combination of a stronger US dollar, firm crude oil prices, and expectations of higher interest rates continued to weigh on investor sentiment," Jateen Trivedi, VP Research Analyst, Commodity and Currency, LKP Securities, said. Despite intermittent recovery attempts, bullion failed to sustain gains, with every rally attracting fresh profit booking, he said. "The Indian rupee also witnessed a mild correction, which offered limited support to MCX gold. However, the impact of currency weakness was largely offset by bearish global sentiment, resulting in gold continuing its corrective phase," Trivedi added. In the international markets, Comex gold futures slipped USD 12, or 0.3 per cent, to end at USD 4,113.7 per ounce in New York, while silver fell 1.5 per cent, to USD 60.16 per ounce. Analysts said market participants will closely monitor a series of key US economic indicators, including retail sales, housing data and weekly jobless claims, for further clues on the Federal Reserve's policy path. Chinese economic indicators, including GDP growth, industrial production, fixed asset investment, bank lending and trade data, will also be in focus as they could influence the outlook for industrial metals, which have shown signs of recovery over the past few sessions, Pranav Mer said. According to Trivedi, the repeated failure of bullion prices to hold on to gains reflects a cautious market where investors continue to use rallies to book profits rather than initiate fresh bullish positions. "Unless there is a significant shift in geopolitical developments or macroeconomic indicators, the sentiment remains cautious until stronger fundamental triggers emerge," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 12 2026 | 3:47 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On the macroeconomic front, inflation data will remain an important trigger The US-Iran geopolitical conflict, quarterly earnings announcements, and crude oil price movement will influence investor sentiments in domestic equities, according to analysts. Besides, monsoon trend, inflation data and trading activity of foreign investors will also be closely watched by market participants, they added. "Domestically, investors will closely monitor June CPI inflation, WPI inflation, and the latest foreign exchange reserves," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. The Q1 FY27 earnings season will gather pace, with management commentary expected to play a pivotal role in shaping sectoral trends and earnings expectations, he said. Globally, developments surrounding the IranUS conflict and their impact on crude oil prices will remain key monitorables, Mishra added. After four straight months of selling, foreign investors turned net buyers of Indian equities in July, investing over Rs 15,157 crore so far this month, supported by improving domestic macroeconomic indicators, a stable rupee and better global risk sentiment. "This week will see earnings from several companies, including HCL Technologies, Tech Mahindra, Union Bank, Federal Bank," Santosh Meena, Head of Research at Swastika Investmart Ltd, said. On the macroeconomic front, inflation data will remain an important trigger, he said. India's Consumer Price Index (CPI) inflation will be released on Monday, followed by the Wholesale Price Index (WPI) on Tuesday, Meena said, adding that investors will also closely monitor the progress of monsoon, given its implications for rural demand and inflation. Globally, developments surrounding the US-Iran situation will remain crucial, particularly for their impact on crude oil prices, he said. In the US, CPI inflation data on Tuesday and PPI (Producer Price Inflation) data on Wednesday will be closely watched, as they could influence expectations regarding the Federal Reserve's policy outlook, Meena added. Last week, the BSE benchmark Sensex declined 194.52 points, or 0.25 per cent, and the NSE Nifty dipped 63.95 points, or 0.26 per cent. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 12 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, the BSE benchmark Sensex declined 194.52 points, or 0.25 per cent, and the NSE Nifty dipped 63.95 points, or 0.26 per cent The combined market valuation of four of the top-10 most valued firms jumped ? 92,995.48 crore last week, with HDFC Bank and Bharti Airtel emerging as the biggest gainers. Last week, the BSE benchmark Sensex declined 194.52 points, or 0.25 per cent, and the NSE Nifty dipped 63.95 points, or 0.26 per cent. "Markets ended the week marginally lower, snapping a four-week winning streak amid renewed geopolitical tensions in West Asia and a sharp spike in crude oil prices," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Markets started the week on a positive note, supported by easing crude prices, encouraging Q1 business updates, improving monsoon progress, and broad-based buying, he said. However, sentiment weakened during mid-week following escalating IranUS tensions, triggering a sharp sell-off before benchmark indices recovered a significant part of the losses over the final two sessions, Mishra added. The gainers from the top-10 pack were Reliance Industries, HDFC Bank, Bharti Airtel and Life Insurance Corporation of India (LIC), while ICICI Bank, State Bank of India, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro and Hindustan Unilever faced a combined erosion of ?49,294.13 crore from their valuation. HDFC Bank's market valuation surged ?35,808.09 crore to ?12,69,454.42 crore, the most among the top-10 firms. The valuation of Bharti Airtel jumped ?34,896.92 crore to ?11,98,774.22 crore. LIC added ?16,065.5 crore, taking its valuation to ?5,60,205.05 crore, while the valuation of Reliance Industries climbed Rs 6,224.97 crore to ?17,71,206.33 crore. However, the market capitalisation (mcap) of Hindustan Unilever dropped by ?12,088.65 crore to ?5,04,997.65 crore. Larsen & Toubro's valuation declined by ?11,040.23 crore to ?5,42,938.40 crore. The mcap of TCS diminished by ?8,574.87 crore to ?7,48,600.40 crore, and that of Bajaj Finance eroded by ?7,813.58 crore to ?6,35,327.78 crore. ICICI Bank's mcap edged lower by ?6,315.32 crore to ?10,05,379.71 crore, while the valuation of State Bank of India dipped by ?3,461.48 crore to ?9,56,430.44 crore. Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, LIC, Larsen & Toubro and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 12 2026 | 1:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, the BSE benchmark Sensex declined 194.52 points, or 0.25 per cent, and the NSE Nifty dipped 63.95 points, or 0.26 per cent The combined market valuation of four of the top-10 most valued firms jumped ? 92,995.48 crore last week, with HDFC Bank and Bharti Airtel emerging as the biggest gainers. Last week, the BSE benchmark Sensex declined 194.52 points, or 0.25 per cent, and the NSE Nifty dipped 63.95 points, or 0.26 per cent. "Markets ended the week marginally lower, snapping a four-week winning streak amid renewed geopolitical tensions in West Asia and a sharp spike in crude oil prices," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Markets started the week on a positive note, supported by easing crude prices, encouraging Q1 business updates, improving monsoon progress, and broad-based buying, he said. However, sentiment weakened during mid-week following escalating IranUS tensions, triggering a sharp sell-off before benchmark indices recovered a significant part of the losses over the final two sessions, Mishra added. The gainers from the top-10 pack were Reliance Industries, HDFC Bank, Bharti Airtel and Life Insurance Corporation of India (LIC), while ICICI Bank, State Bank of India, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro and Hindustan Unilever faced a combined erosion of ?49,294.13 crore from their valuation. HDFC Bank's market valuation surged ?35,808.09 crore to ?12,69,454.42 crore, the most among the top-10 firms. The valuation of Bharti Airtel jumped ?34,896.92 crore to ?11,98,774.22 crore. LIC added ?16,065.5 crore, taking its valuation to ?5,60,205.05 crore, while the valuation of Reliance Industries climbed Rs 6,224.97 crore to ?17,71,206.33 crore. However, the market capitalisation (mcap) of Hindustan Unilever dropped by ?12,088.65 crore to ?5,04,997.65 crore. Larsen & Toubro's valuation declined by ?11,040.23 crore to ?5,42,938.40 crore. The mcap of TCS diminished by ?8,574.87 crore to ?7,48,600.40 crore, and that of Bajaj Finance eroded by ?7,813.58 crore to ?6,35,327.78 crore. ICICI Bank's mcap edged lower by ?6,315.32 crore to ?10,05,379.71 crore, while the valuation of State Bank of India dipped by ?3,461.48 crore to ?9,56,430.44 crore. Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, LIC, Larsen & Toubro and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 12 2026 | 1:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, the BSE benchmark Sensex declined 194.52 points, or 0.25 per cent, and the NSE Nifty dipped 63.95 points, or 0.26 per cent The combined market valuation of four of the top-10 most valued firms jumped ? 92,995.48 crore last week, with HDFC Bank and Bharti Airtel emerging as the biggest gainers. Last week, the BSE benchmark Sensex declined 194.52 points, or 0.25 per cent, and the NSE Nifty dipped 63.95 points, or 0.26 per cent. "Markets ended the week marginally lower, snapping a four-week winning streak amid renewed geopolitical tensions in West Asia and a sharp spike in crude oil prices," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Markets started the week on a positive note, supported by easing crude prices, encouraging Q1 business updates, improving monsoon progress, and broad-based buying, he said. However, sentiment weakened during mid-week following escalating IranUS tensions, triggering a sharp sell-off before benchmark indices recovered a significant part of the losses over the final two sessions, Mishra added. The gainers from the top-10 pack were Reliance Industries, HDFC Bank, Bharti Airtel and Life Insurance Corporation of India (LIC), while ICICI Bank, State Bank of India, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro and Hindustan Unilever faced a combined erosion of ?49,294.13 crore from their valuation. HDFC Bank's market valuation surged ?35,808.09 crore to ?12,69,454.42 crore, the most among the top-10 firms. The valuation of Bharti Airtel jumped ?34,896.92 crore to ?11,98,774.22 crore. LIC added ?16,065.5 crore, taking its valuation to ?5,60,205.05 crore, while the valuation of Reliance Industries climbed Rs 6,224.97 crore to ?17,71,206.33 crore. However, the market capitalisation (mcap) of Hindustan Unilever dropped by ?12,088.65 crore to ?5,04,997.65 crore. Larsen & Toubro's valuation declined by ?11,040.23 crore to ?5,42,938.40 crore. The mcap of TCS diminished by ?8,574.87 crore to ?7,48,600.40 crore, and that of Bajaj Finance eroded by ?7,813.58 crore to ?6,35,327.78 crore. ICICI Bank's mcap edged lower by ?6,315.32 crore to ?10,05,379.71 crore, while the valuation of State Bank of India dipped by ?3,461.48 crore to ?9,56,430.44 crore. Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, LIC, Larsen & Toubro and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 12 2026 | 1:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Honda President & CEO Tsutsumu Otani Japan's Honda Motor Co is bullish on the long-term potential of the Indian two-wheeler market where rising personal mobility needs, more women in workforce and growing demand for premium products are expected to continue supporting industry growth, according to the top official of its Indian two-wheeler arm. Honda Motorcycle and Scooter India (HMSI), the company's two-wheeler arm in India, will bring new products aligning with the evolving customer needs and is gearing up fresh models to be launched in the second half of this year in order to tap festive season sales, its President and CEO, Tsutsumu Otani told PTI in an interview. In the ongoing fiscal, the company expects the two-wheeler industry in India, which witnessed a strong performance in FY26, to continue its growth trajectory albeit at a more moderate pace, he said. "In the long term, we remain confident about the growth potential of the Indian two-wheeler market. Improving rural infrastructure, rising personal mobility needs, increasing participation of women in the workforce, and growing demand for premium products are expected to continue supporting industry growth," Otani said when asked about the outlook of the industry. The two-wheeler industry witnessed a strong performance in FY2026, driven by factors such as rural recovery, premiumisation, improving exports, and supportive policy measures, he noted. Two-wheeler wholesales in India in FY26 were at 2,17,05,974 units as against 1,96,07,332 units in FY25, up 10.7 per cent, as per Society of Indian Automobile Manufacturers (SIAM) data. Looking ahead, Otani said,"The industry is expected to continue its growth trajectory, although at a more moderate pace." For FY2027, he said,"We remain focused on delivering sustainable growth. We are optimistic about the first half of the year, supported by healthy domestic demand and positive industry fundamentals." However, Otani said,"the outlook for the second half remains dependent on several external factors, including the monsoon, which influences rural incomes and demand, as well as geopolitical developments that could impact logistics costs, raw material prices, and overall market sentiment." When asked about the company's product pipeline for the market, he said,"Our focus remains on delivering products that align with evolving customer needs while strengthening both our domestic business and export footprint." Asserting that "India continues to be a key market for Honda globally", Otani said,"We remain committed to creating sustainable long-term value by responding proactively to changing market dynamics and customer expectations." Asked about new products for the year, he said,"Honda plans to introduce new models in the second half of the year, with business activity typically picking up from the Diwali season onwards." Otani, however, did not elaborate on the details. Commenting on the company's electric mobility roadmap, he said it "remains an important pillar of Honda's long-term vision, and we continue to strengthen our readiness to expand our EV portfolio in line with evolving market demand and ecosystem development." He further said,"Our approach is focused on delivering practical, scalable, and customer-centric solutions." Noting that Indian consumers have diverse mobility requirements, he said the choice between ICE and electric vehicles will ultimately depend on factors such as affordability, convenience, charging infrastructure, and usage patterns. While EVs offer lower running costs, their adoption will continue to vary across regions depending on infrastructure readiness and local conditions. "Therefore, we believe multiple technologies including ICE, EVs, and alternate fuels are likely to coexist for the foreseeable future," Otani stated. He further said,"Our focus remains on delivering practical, reliable, and customer-centric mobility solutions that are aligned with market needs." As demand evolves and the ecosystem matures, he said Honda will continue to respond "proactively with solutions that best meet customer expectations". (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 12 2026 | 12:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Equity-oriented investment strategies accounted for the remaining 28 per cent of the SIF AUM at ?5,036 crore Assets under management of Specialised Investment Funds (SIFs) rose 29 per cent month-on-month to ?17,858 crore at the end of June 2026, driven by strong investor inflows into hybrid investment strategies, according to data from Amfi. The total SIF AUM increased from ?13,814 crore in May, while monthly inflows rose to ?3,782 crore against ?1,396 crore. Markets regulator Sebi introduced the SIFs framework in February 2025 to bridge the gap between regular mutual funds and high-ticket Portfolio Management Services (PMS). SIFs target sophisticated investors through flexible hedging, derivatives, and long-short strategies. According to ValueMetrics Mutual Fund & SIF Flow Meter, hybrid investment strategies continued to dominate the segment, accounting for 72 per cent of the total SIF AUM at ?12,822 crore as of June 30. Within this category, hybrid long-short funds alone managed ?11,910 crore, representing 67 per cent of the industry's total SIF AUM. Equity-oriented investment strategies accounted for the remaining 28 per cent of the SIF AUM at ?5,036 crore. Hybrid long-short funds attracted inflows of ?2,043 crore during June, up from over ?707 crore in May. Since October 2024, the strategy has garnered cumulative inflows of ?11,568 crore, accounting for 66 per cent of total SIF inflows, the report said. Equity-oriented investment strategies received ?1,097 crore in June, rising 68 per cent from ?652 crore in the previous month. Cumulative inflows into the category since October 2024 stood at ?4,938 crore, contributing 28 per cent of overall SIF inflows. The report said cumulative inflows into SIFs have reached ?17,407 crore since October 2024, indicating growing investor acceptance of the newly introduced investment vehicle. The broader mutual fund industry also witnessed sustained investor participation during June. The total mutual fund AUM rose to ?82.2 trillion, while active equity and hybrid funds together attracted net inflows of around ?36,000 crore. Active equity mutual funds recorded gross inflows of ?67,601 crore in June, compared to ?57,604 crore in May, while net inflows into the category stood at ?28,973 crore. Hybrid funds, excluding arbitrage funds, received net inflows of ?7,163 crore during the month compared to ?4,862 crore in May. Gold ETFs (exchange traded funds) also rebounded sharply, posting net inflows of ?3,443 crore in June after witnessing net outflows of ?725 crore in the previous month. Meanwhile, systematic investment plan (SIP) contributions touched a record ?31,781 crore in June, taking SIP assets under management to ?17.70 trillion. Outstanding SIP accounts increased to 10.52 crore, supported by strong net new registrations, reflecting continued retail participation despite market volatility. This also highlights the maturity of investors. Rather than reacting emotionally, they are increasingly using phases of improved market momentum to continue their long-term wealth creation journey, Santosh Joseph, CEO, Germinate Investor Services, said. "The resilience in SIP flows and the recovery in equity inflows are reassuring indicators for the mutual fund industry and reflect sustained confidence in India's long-term growth story, " he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 12 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Equity-oriented investment strategies accounted for the remaining 28 per cent of the SIF AUM at ?5,036 crore Assets under management of Specialised Investment Funds (SIFs) rose 29 per cent month-on-month to ?17,858 crore at the end of June 2026, driven by strong investor inflows into hybrid investment strategies, according to data from Amfi. The total SIF AUM increased from ?13,814 crore in May, while monthly inflows rose to ?3,782 crore against ?1,396 crore. Markets regulator Sebi introduced the SIFs framework in February 2025 to bridge the gap between regular mutual funds and high-ticket Portfolio Management Services (PMS). SIFs target sophisticated investors through flexible hedging, derivatives, and long-short strategies. According to ValueMetrics Mutual Fund & SIF Flow Meter, hybrid investment strategies continued to dominate the segment, accounting for 72 per cent of the total SIF AUM at ?12,822 crore as of June 30. Within this category, hybrid long-short funds alone managed ?11,910 crore, representing 67 per cent of the industry's total SIF AUM. Equity-oriented investment strategies accounted for the remaining 28 per cent of the SIF AUM at ?5,036 crore. Hybrid long-short funds attracted inflows of ?2,043 crore during June, up from over ?707 crore in May. Since October 2024, the strategy has garnered cumulative inflows of ?11,568 crore, accounting for 66 per cent of total SIF inflows, the report said. Equity-oriented investment strategies received ?1,097 crore in June, rising 68 per cent from ?652 crore in the previous month. Cumulative inflows into the category since October 2024 stood at ?4,938 crore, contributing 28 per cent of overall SIF inflows. The report said cumulative inflows into SIFs have reached ?17,407 crore since October 2024, indicating growing investor acceptance of the newly introduced investment vehicle. The broader mutual fund industry also witnessed sustained investor participation during June. The total mutual fund AUM rose to ?82.2 trillion, while active equity and hybrid funds together attracted net inflows of around ?36,000 crore. Active equity mutual funds recorded gross inflows of ?67,601 crore in June, compared to ?57,604 crore in May, while net inflows into the category stood at ?28,973 crore. Hybrid funds, excluding arbitrage funds, received net inflows of ?7,163 crore during the month compared to ?4,862 crore in May. Gold ETFs (exchange traded funds) also rebounded sharply, posting net inflows of ?3,443 crore in June after witnessing net outflows of ?725 crore in the previous month. Meanwhile, systematic investment plan (SIP) contributions touched a record ?31,781 crore in June, taking SIP assets under management to ?17.70 trillion. Outstanding SIP accounts increased to 10.52 crore, supported by strong net new registrations, reflecting continued retail participation despite market volatility. This also highlights the maturity of investors. Rather than reacting emotionally, they are increasingly using phases of improved market momentum to continue their long-term wealth creation journey, Santosh Joseph, CEO, Germinate Investor Services, said. "The resilience in SIP flows and the recovery in equity inflows are reassuring indicators for the mutual fund industry and reflect sustained confidence in India's long-term growth story, " he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 12 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Prior to the selling spree, foreign portfolio investors (FPIs) had invested ?22,615 crore in Indian equities in February | Illustration: Ajaya Mohanty After four straight months of selling, foreign investors turned net buyers of Indian equities in July, investing over ?15,157 crore so far this month, supported by improving domestic macroeconomic indicators, a stable rupee and better global risk sentiment. The latest inflow follows net outflows of ?49,340 crore in June, ?32,963 crore in May, ?60,847 crore in April and a massive ?1.17 trillion in March, according to data from the Central Depository Services (India) Ltd (CDSL). Prior to the selling spree, foreign portfolio investors (FPIs) had invested ?22,615 crore in Indian equities in February. Despite July's turnaround, foreign investors have pulled out a net ?2.6 trillion from Indian equities so far in 2026, exceeding the ?1.66 trillion withdrawn in the same period of 2025. According to Himanshu Srivastava, Principal Manager Research at Morningstar Investment Research India, the reversal in July reflects improving global risk appetite, easing concerns over energy prices following the de-escalation of geopolitical tensions earlier this month, and renewed confidence in India's macroeconomic fundamentals. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said improving domestic macroeconomic conditions and the rupee's stability have played a key role in attracting foreign inflows. He added that weakness in the semiconductor trade and FPIs turning sellers in markets such as South Korea also redirected flows towards India. Srivastava noted that after a period of market consolidation, valuations have become more reasonable, prompting foreign investors to selectively increase exposure to high-quality Indian firms. He, however, cautioned that while July's sharp reversal is encouraging, the sustainability of FPI inflows will depend on global developments and the resilience of India's domestic growth story. Meanwhile, debt continues to attract growing foreign interest. FPIs invested ?6,625 crore in debt securities through the Fully Accessible Route (FAR) and ?3,228 crore through the general route during July. Vijayakumar said the government's changes to the taxation of debt investments have made Indian debt more attractive to FPIs while contributing to the rupee stability. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 12 2026 | 11:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Prior to the selling spree, foreign portfolio investors (FPIs) had invested ?22,615 crore in Indian equities in February | Illustration: Ajaya Mohanty After four straight months of selling, foreign investors turned net buyers of Indian equities in July, investing over ?15,157 crore so far this month, supported by improving domestic macroeconomic indicators, a stable rupee and better global risk sentiment. The latest inflow follows net outflows of ?49,340 crore in June, ?32,963 crore in May, ?60,847 crore in April and a massive ?1.17 trillion in March, according to data from the Central Depository Services (India) Ltd (CDSL). Prior to the selling spree, foreign portfolio investors (FPIs) had invested ?22,615 crore in Indian equities in February. Despite July's turnaround, foreign investors have pulled out a net ?2.6 trillion from Indian equities so far in 2026, exceeding the ?1.66 trillion withdrawn in the same period of 2025. According to Himanshu Srivastava, Principal Manager Research at Morningstar Investment Research India, the reversal in July reflects improving global risk appetite, easing concerns over energy prices following the de-escalation of geopolitical tensions earlier this month, and renewed confidence in India's macroeconomic fundamentals. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said improving domestic macroeconomic conditions and the rupee's stability have played a key role in attracting foreign inflows. He added that weakness in the semiconductor trade and FPIs turning sellers in markets such as South Korea also redirected flows towards India. Srivastava noted that after a period of market consolidation, valuations have become more reasonable, prompting foreign investors to selectively increase exposure to high-quality Indian firms. He, however, cautioned that while July's sharp reversal is encouraging, the sustainability of FPI inflows will depend on global developments and the resilience of India's domestic growth story. Meanwhile, debt continues to attract growing foreign interest. FPIs invested ?6,625 crore in debt securities through the Fully Accessible Route (FAR) and ?3,228 crore through the general route during July. Vijayakumar said the government's changes to the taxation of debt investments have made Indian debt more attractive to FPIs while contributing to the rupee stability. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 12 2026 | 11:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wimbledon Women's Single champions Linda Noskova Linda Noskova is the latest in a long line of Czech women to win Wimbledon. The 21-year-old Noskova recovered from a second-set meltdown in which she wasted five match points to overcome Karolina Muchova 6-2, 5-7, 6-3 in an all-Czech final on Saturday for her first Grand Slam trophy. When Noskova finally won it with a service winner on her sixth match point, she covered her face and dropped down to the grass on her back. "It's never easy to get the last point," Noskova said. "Karo, you really made me work for it." Noskova became the third Czech woman in four years to win the grass-court major, after Marketa Vondrousova in 2023 and Barbora Krejcikova in 2024. Muchova and Noskova played doubles together at the 2024 Paris Olympics and finished fourth. "I am so glad that I could play my first Grand Slam final with you," Noskova told Muchova during her victory speech. "We made history today. I believe that all our Czech fans at home are proud of us, so no matter the result today I think it was a good day for both of us." Petra Kvitova, who won Wimbledon in 2011 and 2014, was in attendance, as was the greatest Czech-born player of them all, Martina Navratilova - who won a record nine singles titles at the All England Club. Navratilova looked on from the Royal Box, where she was seated next to Kate, the Princess of Wales, who presented the Venus Rosewater Dish trophy to Noskova. Noskova grew emotional during her victory speech when she mentioned her mother, who died two years ago. "I definitely would not be standing here without her, so thank you," said Noskova, who then looked up and blew a kiss to the sky. As Noskova spoke of her late mother, Navratilova wiped away tears. In the men's final on Sunday, top-ranked Jannik Sinner will attempt to defend his title against French Open champion Alexander Zverev. Wasted chancesNoskova led 5-2 in the second set before she lost five straight games to send it to a third. When Noskova wasted a chance to serve it out at 5-3 in the second, she placed fingers in both ears to drown out the crowd noise on the changeover. Then she draped one of Wimbledon's strawberry-red towels over her head after she dropped her serve again to give Muchova a 6-5 lead and a chance for her opponent to serve it out - which Muchova did. It's Noskova's second grass title of the season after beating Jessica Pegula in the Berlin Open final three weeks ago. But as this match displayed, it hasn't been all straightforward. Noskova saved a match point in the third set of her third-round match against Sorana Cirstea. The 12th-ranked Noskova will climb to No. 7 - a new career-high - when the next rankings are released on Monday. Jana Novotna, one of Noskova's first coaches, also won Wimbledon (in 1998). Now Noskova is the youngest woman to win Wimbledon since Kvitova was also 21 in 2011. And it marks the second consecutive Grand Slam won by a player 21 or younger after Mirra Andreeva claimed the French Open at 19 last month. It's the first time that's happened for Roland Garros and Wimbledon in the same year since Justine Henin and Serena Williams, respectively, claimed those titles in 2003. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 12 2026 | 1:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Avenue Supermarts, which owns and operates the DMart retail chain, reported an 11.33% increase in consolidated net profit to Rs 860.61 crore for the first quarter of FY27, compared with Rs 772.97 crore in the corresponding quarter last year. During the quarter, the companys profit before tax (PBT) increased 11.88% year-on-year to Rs 1,183.14 crore. Consolidated EBITDA increased 15.39% year-on-year to Rs 1,499 crore in Q1 FY27 from Rs 1,299 crore in the corresponding quarter last year. The EBITDA margin improved marginally to 8.0% from 7.9%. Profit before tax (PBT) rallied 11.88% year on year to Rs 1,183.14 crore in Q1 FY27. D-Mart follows the everyday low cost - everyday low price (EDLC-EDLP) strategy, which aims at procuring goods at competitive prices, using operational and distribution efficiency and thereby delivering value for money to customers by selling at competitive prices. On a standalone basis, the company's net profit rose 12.78% to Rs 935.77 crore, while revenue from operations increased 15.13% to Rs 18,343.49 crore in Q1 FY27 over Q1 FY26. The companys standalone EBITDA grew 16.29% to Rs 1,527 crore from Rs 1,313 crore in the year-ago quarter, with the EBITDA margin improving to 8.3% from 8.2%. Anshul Asawa, managing director (MD) & CEO, Avenue Supermarts, commented on the performance of the DMart (brick-and-mortar) business: Our revenue in Q1 FY27 grew by 15.1% over the previous year. Profit after tax (PAT) grew by 12.8% over the previous year. Two-year-old and older DMart stores grew by 5.5% during Q1 FY27 as compared to 7.1% in Q1 FY26. In large metros, growth in older stores which have significantly higher revenue per square foot was flat this quarter. While stores in non-metros continue to grow well. We opened 3 new stores during the quarter taking our total store count to 503." Vikram Dasu, whole-time director & CEO, Avenue E-Commerce, commented on the performance of the e-commerce (DMart Ready) business: We continue to deepen our focus in large metropolitan cities while improving our model. During the quarter, we have discontinued our operations in seven cities which were marginal contributors. As of June 30, 2026, we operate in 11 cities. Avenue Supermarts is a Mumbai-based company, which owns and operates D-Mart stores. D-Mart is a national supermarket chain that offers customers a range of home and personal products under one roof. The company offers a wide range of products with a focus on food, non-food (FMCG) and general merchandise & apparel product categories. The counter rose 0.09% to settle at Rs 4,083.05 on Saturday, 11 July 2026. First Published: Jul 11 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RITES announced that, as part of a consortium, it has secured a consultancy contract worth Rs 79.22 crore from the Patna Metro Rail Corporation for the implementation of the Patna Metro Rail Construction Project. The company stated that the contract does not constitute a related-party transaction and confirmed that neither its promoters nor members of the promoter group have any interest in the award of the contract. Rites is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia). The company reported a 1.40% decline in consolidated net profit to Rs 139.35 crore, despite a 27.56% increase in revenue from operations to Rs 768.26 crore in Q4 FY26 compared with Q4 FY25. The counter rose 1.55% to settle at Rs 226.40 on Saturday, 11 July 2026. First Published: Jul 11 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sarvesh Kushare National record holder Sarvesh Kushare scripted history by becoming the first Indian high jumper to finish on the podium at a Diamond League meet, claiming third place on his debut in Monaco and joining an exclusive four-member club of Indian achievers. The 31-year-old Kushare sailed over 2.26m to take the third spot in a star-studded field Friday night and grabbed a remarkable personal milestone. He was competing just two weeks after setting a national record of 2.31m while winning gold at the National Inter-State Championships in Bhubaneswar last month. He became only the fourth Indian to finish in top-three of a Diamond League event after javelin throw superstar Neeraj Chopra (13 times since 2022), long jumper Murali Sreeshankar (once in 2023) and former discus thrower Vikas Gowda (on two occasions in 2015). Kushare beat some big stars including three-time world champion and Tokyo Olympics gold winners Mutaz Essa Barshim of Qatar, who finished joint eighth with a 2.20m effort, and Gianmarco Tamberi of Italy and 2023 World Championships silver winner JuVaughn Harrison of the USA, who finished joint fourth. World leader and world indoor champion Oleh Doroshchuk of Ukraine won the title after clearing 2.32m, while Great Britain's Jack Kimani was second with 2.30m. Kimani could not clear 2.32m in three attempts while Doroshchuk did it in his first try. Kimani, whom Kushare is set to face in the Glasgow Commonwealth Games later this month, was unlucky as he could only sail over the 2.16m height in his third attempt while Kushare cleared it with ease. Son of an onion farmer at Devargaon village in Maharashtra's Nashik district, Kushare used to practice high jump by using makeshift landing pits made of corn husks, cotton, and agricultural waste, prepared by his father and and childhood coach. A late bloomer, Kushare first took part in a national event when he was nearly 20 at the 2014 Junior Championships. His first national level gold came in 2018 Indian Open where her jumped 2.24m. He improved his mark to 2.26m while winning gold in the 2019 Indian Open. He raised the bar by one centimeter to 2.27m while winning gold at the 2022 Gujarat National Games. For two years, he could not make any improvement before jumping 2.18m while finishing sixth in the 2025 World Championships in Tokyo. In the process, he also became the first Indian to qualify for the men's high jump final at the World Championships. On June 27 this year, Kushare finally broke Tejaswin Shankar's eight-year-old national record of 2.29m during the National Inter-State Championships in Bhubaneswar with an effort of 2.31m. He became the first Indian high jumper to clear 2.30m. "I had been getting close to 2.30m and had been thinking about clearing it, but it just wasn't happening. Now, I went above 2.31m and the 2.35m mark will also fall, may be during the Commonwealth or the Asian Games," he had said in Bhubaneswar when asked if he can go even higher. He even went for 2.35m in Bhubaneswar but could not clear the height in three attempts. "Before 2015-16, no Indian could go above 2.20m, Tejaswin did that and after that we also felt that we can do it. So, in the near future I also feel that I can do 2.35m." Currently, Kushare sits at joint fourth in the global best jumpers of the season and number one among Asian athletes. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 11 2026 | 3:47 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In 2025, the UK imported $928.9 billion of goods from the world but only $15.2 billion from India | Representative Picture The India-UK free trade agreement opens market access but does not automatically translate into higher exports, and the country must strengthen standards, certification, logistics and buyer linkages to realise its full benefits, economic think tank GTRI said on Saturday. The India-UK Comprehensive Economic and Trade Agreement (CETA) will come into force from July 15. "Without parallel work on standards, certification, logistics, regulatory approvals and buyer networks, much of the opportunity will remain on paper. The agreement opens the door; India must now convert access into exports," the Global Trade Research Initiative (GTRI) said. Citing example, GTRI Founder Ajay Srivastava said while food exporters need better testing, traceability and compliance with UK sanitary and phytosanitary rules;machinery and electronics firms need certification, technology and stronger buyer links. Similarly automobile exporters must meet rules-of-origin and technical requirements; and the garment, leather and footwear producers should move quickly to turn tariff savings into orders before competitors adjust. "The biggest gains are likely where three conditions come together: India has strong export capacity, the UK has substantial demand and CETA removes a meaningful tariff disadvantage. That points most clearly to garments, textiles, leather, footwear, processed foods, seafood and selected farm products," he said. According to the think tank's analysis, the strongest prospects are in labour-intensive goods, processed foods, seafood, automobiles and selected manufactures. Steel, petroleum and alcohol are less likely to gain significantly. In 2025, the UK imported $928.9 billion of goods from the world but only $15.2 billion from India. India's share of UK imports was just 1.6 per cent. Britain, meanwhile, bought only 3.4 per cent of India's $445 billion global exports. He said that low market share alone does not signal a big opportunity. Export potential depends on four factors - UK demand, India's export capacity, its current UK market presence and the tariff advantage created by CETA. "Standards, food-safety rules, safeguards, certification and supply-chain constraints can matter as much as tariffs," Srivastava said. Sectors where Indian strength meets UK demand include garments; textiles; leather and footwear; processed foods; cereals, vegetables, fruits and spices; fish, and meat; automobiles, motorcycles and parts; and machinery, electronics and fabricated metal products. India exported $16.3 billion of garments globally in 2025, while the UK imported $21.3 billion. India supplied $1.3 billion, or 6.1 per cent of UK imports. The UK already buys 8 per cent of India's global garment exports, showing established buyer relationships. The UK imported processed foods worth $33.4 billion last year but only $354 million from India, giving India a market share of 1.1 per cent only. India's global exports were $10 billion. "Large UK demand, low Indian penetration and tariff cuts create strong potential in ready-to-eat foods, bakery and confectionery products, sauces and ethnic foods. Food safety, labelling and traceability will remain critical," it said. Similarly, the UK imported $92.2 billion worth of goods from the auto sector but only $325 million from India, giving India a negligible 0.4 per cent share. India's global exports were $25.1 billion. CETA tariff cuts can support vehicles, motorcycles and components, though rules of origin and technical standards will be decisive. The GTRI added that chemicals and pharmaceuticals have strong Indian supply capacity but limited CETA-led gains. India exported $40 billion of chemicals globally but supplied only $908 million of a $35.2 billion UK market. On the other hand in pharmaceuticals, India exported $25.8 billion globally but supplied only $1 billion, or 3.2 per cent, of UK imports. "The opportunity is real, but regulation, quality compliance, environmental rules and procurement matter more than tariffs," it said. It added that iron and steel products show why a trade pact does not automatically guarantee market access. India exported $20.5 billion globally and supplied $959 million to the UK, giving it a 5.2 per cent share. "Yet the UK's tighter steel safeguard regime, reduced quotas and high above-quota tariffs can overwhelm CETA preferences. Trade remedies and future carbon costs add further risks," the GTRI said. It added that alcohol and wines face a different problem. The UK imported $10.9 billion globally but only $7 million from India. India's own global exports were just $456 million. It said that the gap reflects weak export scale, limited brand presence and strong global competition rather than tariffs. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 11 2026 | 3:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Also approves incorporation of subsidiary in Netherlands The board of Mankind Pharma at its meeting held on 11 July 2026, has inter-alia, considered and approved the: First Published: Jul 11 2026 | 3:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 35.66% to Rs 70.42 crore First Published: Jul 11 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 11 July 2026 First Published: Jul 11 2026 | 3:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Further, CARE Ratings has upgraded its ratings from CARE A; Stable to CARE A+; Positive for the long term bank facilities availed/to be availed by the Company and has upgraded its rating from CARE A1 to CARE A1+ for the short term bank facilities availed by the Company. First Published: Jul 11 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Secretary, Department of Commerce, Rajesh Agrawal, has noted that the global electronics industry is increasingly driven by global value chains, and India's policy framework must provide the predictability and stability required for these value chains to expand their presence in the country. He observed that policy approaches for production aimed at the domestic market may differ from those needed to promote export-oriented manufacturing. He added that the Chintan Shivir had been convened to facilitate constructive dialogue and develop tangible, balanced and actionable policy recommendations that are equitable for all stakeholders while strengthening India's position as a globally competitive electronics manufacturing and export hub. First Published: Jul 11 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Post allotment of equity shares in the issue, the paid-up equity share capital of the company stands increased to Rs 496,855,970 consisting of 49,685,597 equity shares. First Published: Jul 11 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Company has received Letter of Award for Integrated Development of Outer Container Terminal & Berth no. 1 through 5 at Netaji Subhash Dock, Kolkata Dock System issued by Syama Prasad Mookerjee Port Authority, Kolkata on Design Build Finance Operate Transfer basis through PPP mode. The terms of said LOA requires incorporation of a Special Purpose Vehicle to enter into a concession agreement. Accordingly, the Company has incorporated a new entity for the purpose of entering into the said concession agreement and to fulfil the obligations as stated in the said agreement. First Published: Jul 11 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The object of incorporation of this wholly owned step down subsidiary is to undertake manufacturing operations in Indonesia. First Published: Jul 10 2026 | 7:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Equity mutual fund inflows rose 26% in June, driven by stronger lump-sum investments, while steady SIP contributions and ETF demand reflected resilient investor sentiment. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 10 2026 | 6:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
State Bank of India First Published: Jul 10 2026 | 6:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
State Bank of India First Published: Jul 10 2026 | 6:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pace Digitek announced that its material subsidiary, Lineage Power, has entered into a memorandum of understanding (MoU) with Bondada Renewable Energy for the supply of Battery Energy Storage Systems (BESS). The company clarified that the MoU does not constitute a related-party transaction. Pace Digitek is engaged in telecom infrastructure services, EPC activities including optic fiber deployment, and power management solutions, along with the design, supply, and maintenance of related energy and telecom equipment. The company reported a sharp surge in consolidated net profit of 88% year-on-year to Rs 105.92 crore, on a 60.52% jump in revenue from operations to Rs 1,096.78 crore in Q4 FY26 over Q4 FY25. The counter advanced 1.81% to settle at Rs 216.15 on the BSE. First Published: Jul 10 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On February 14, 2022, Zostel had approached the Delhi High Court seeking to restrain Oyo's proposed IPO, place up to 7 per cent of its alleged shareholding in escrow and freeze changes to the company's shareholding structure First Published: Jul 10 2026 | 6:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 147.76 crore shares as against 1.14 crore shares on offer. The issue opened for bidding on 8 July 2026 and it will close on 10 July 2026. The price band of the IPO is fixed between Rs 398 and 419 per share. An investor can bid for a minimum of 35 equity shares and multiples thereof. The company plans to raise Rs 650 crore through the IPO, which consists entirely of an offer for sale of 1,55,13,126 shares at the upper price band of Rs 419. The entire proceeds from the sale will go to promoter shareholders Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar, and Siddharth Yogesh Kusumgar HUF. Employees will receive a discount of Rs 39 per share on the final issue price. Kusumgar has reserved shares worth Rs 3.5 crore for eligible employees. Kusumgar is a leading manufacturer of engineered synthetic functional and performance fabrics used across aerospace & defence, industrial, automotive, and outdoor lifestyle applications. The company operates a vertically integrated manufacturing setup with facilities in Gujarat and Uttar Pradesh, enabling end-to-end production from weaving and coating to lamination and fabrication. It has developed over 1,000 fabric variants and derives a significant share of its revenue from both domestic and export markets, serving government and private sector customers. Ahead of the IPO, Kusumgar on Tuesday, 7 July 2026, raised Rs 193.94 crore from anchor investors. The board allotted 46.28 lakh shares at Rs 419 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 98.20 crore and sales of Rs 692 crore for the twelve months ended on 31 March 2026. First Published: Jul 10 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oriental Rail Infrastructure announced that it has secured an order worth Rs 1.62 crore from the Integral Coach Factory (ICF), Chennai, a production unit of Indian Railways. As per the terms of the order, up to 80% of the supply value will be paid upon submission of the inspection certificate and Provisional Physical Receipt Certificate. The balance of 20% of the supply value, along with 100% of the installation charges, will be released after receipt and acceptance of the stores by the consignee, based on the installation certificate issued by the competent authority. The company clarified that the contract is not a related-party transaction and that neither its promoters nor members of the promoter group have any interest in the award of the order. Oriental Rail Infrastructure is engaged in the manufacturing and supply of several diversified railway products and items for Indian Railways and other related industries. Its products include seat & berths, recorn, compreg board & articles thereof, furniture & parts, coated upholstery fabric, plywood, phenolic resin & hardener, silicon foam, etc. On the financial front, the company's consolidated net profit surged 121.2% year-on-year to Rs 11.88 crore in Q4 FY26 from Rs 5.37 crore in the corresponding quarter of the previous year. Revenue from operations increased 9.5% to Rs 153.48 crore from Rs 140.21 crore during the same period. The counter shed 0.09% to Rs 116.65 on the BSE. First Published: Jul 10 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee rose 14 paise to settle at 95.33 (provisional) against the US dollar on Friday as the greenback weakened but crude oil prices steadied amid intensifying tensions in West Asia. FII outflows and uncertainties over fresh tensions in West Asia weighed on the local unit while positive sentiment in the domestic equity markets provided support. Local shares ended Friday's session on a buoyant note, with firm cues from global markets and TCS' better-than-expected Q1 earnings helping underpin investor sentiment. Fears about a return to full-blow war however subsided after President Donald Trump claimed that Iran wants to "make a deal so badly," but he doesn't know if they're worthy of making a deal. The BSE Sensex climbed 827.57 points (1.08%) to close at 77,569.39, while the NSE Nifty 50 rose 244.10 points (1.02%) to settle at 24,206.90. First Published: Jul 10 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NBCC (India) rose 2.30% to Rs 99.25 after it has secured four domestic project management consultancy (PMC) contracts worth a combined Rs 158.95 crore for construction of education infrastructure projects in Odisha. The orders include construction of a Mega Education Complex in Keonjhar district for the District Mineral Foundation, Keonjhar, valued at Rs 70.59 crore, and construction of DD University Works (Mega Education Complex) in Keonjhar district worth Rs 17.24 crore. The company has also received two orders from Kendriya Vidyalaya Sangathan for construction of new campuses for Kendriya Vidyalaya in Angul and Sambalpur districts of Odisha, each valued at Rs 35.56 crore. The contracts have been awarded on a project management consultancy basis under deposit work mode and are domestic in nature. NBCC said the orders do not involve any interest of promoters, promoter group companies, or group entities in the awarding authorities. The contracts also do not fall under related-party transactions. NBCC (India) operates in three major segmentsproject management consultancy, real estate, and engineering procurement & construction. The companys consolidated net profit jumped 37.22% to Rs 241.38 crore on 1.81% rise in revenue from operations to Rs 4559.79 crore in Q4 FY26 over Q4 FY25. First Published: Jul 10 2026 | 5:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 2.55 crore shares as against 2.55 crore shares on offer. The issue opened for bidding on 9 July 2026 and it will close on 13 July 2026. The price band of the IPO is fixed between Rs 203 and 214 per share. An investor can bid for a minimum of 70 equity shares and in multiples thereof. The issue comprises both an offer for sale and a fresh issue of equity shares (of Rs 5 face value) worth an aggregate of Rs 200 crore and Rs 542 crore, respectively. The entire portion of the offer for sale is by promoters, i.e., Deepak Goel (Rs 112.5 crore), Rakhi Goel (Rs 25 crore), and Devesh Goel (Rs 62.5 crore). Of the net proceeds, the company proposed to utilize Rs 490 crore towards repayment and/or pre-payment, in full or in part, of certain outstanding borrowings availed by the company and the balance towards general corporate purposes. Outstanding borrowings at the end of 17 June 2026 stood at Rs 935.67 crore. Laser Power & Infra is an integrated manufacturer of power and control cables, conductors, and specialty electrical products, along with providing EPC solutions for the power transmission and distribution sector. The company operates three manufacturing facilities in West Bengal and has executed power infrastructure projects across India and overseas. It serves government utilities, Indian Railways, discoms, and private EPC players, with a strong presence in East India. As of March 31, 2026, its order book stood at Rs 3,243.4 crore, spanning both manufacturing and EPC businesses. Ahead of the IPO, Laser Power & Infra on Wednesday, 09 July 2026, raised Rs 222.59 crore from anchor investors. The board allotted 1.04 crore shares at Rs 214 each to 19 anchor investors. The firm reported a consolidated net profit of Rs 151.59 crore and sales of Rs 2,326.10 crore for the twelve months ended on 31 March 2026. First Published: Jul 10 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 10 2026 | 5:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindenburg Research First Published: Jul 10 2026 | 5:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bank of Maharashtra added 2.87% to settle at Rs 84.35 after the bank reported a 26.84% year-on-year (YoY) jump in standalone net profit to Rs 2,020.19 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 1,592.76 crore in Q1 FY26. Profit before tax (PBT) climbed 33.73% YoY to Rs 2,276.76 crore in Q1 FY27. Net Interest Income (NII) grew by 14.53 % on YoY to Rs 3,770 crore in Q1FY27 as against Rs 3,292 crore for Q1FY26. The bank's total global deposits increased 12.93% YoY to Rs 3,44,493 crore, while net advances surged 27.22% to Rs 3,01,934 crore. Its Retail, Agriculture and MSME (RAM) business grew 25.11% YoY. Retail advances rose 24.59% to Rs 89,661 crore, while MSME advances increased 23.17% to Rs 55,386 crore. On the asset quality front, gross non-performing assets (GNPA) improved to 1.45% as of 30 June 2026 from 1.74% a year earlier, while net NPA improved to 0.13% as on 30th June 2026 from 0.18% as on 30th June 2025. The provision coverage ratio improved to 98.55% as on 30th June 2026 from 98.36% recorded in the year-ago period. As of 30 June 2026, the bank's total Basel III capital adequacy ratio stood at 18.64%, including a Common Equity Tier 1 (CET1) ratio of 15.56%. Bank of Maharashtra is engaged in providing banking services. The bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and other banking operations. First Published: Jul 10 2026 | 5:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The S&P BSE Sensex jumped 827.57 points or 1.08% to 77,569.39. The Nifty 50 index rose 244.10 points or 1.02% to 24,206.90. In two consecutive trading sessions, the Sensex rallied 1.35% while the Nifty jumped 1.33%. Reliance Industries (up 2.36%), ICICI Bank (up 1.48%) and HDFC Bank (up 0.85%) boosted the Nifty higher today. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 1.40% and the BSE 250 SmallCap Index added 1.20%. The market breadth was strong. On the NSE, 2339 shares rose and 973 shares fell. A total of 98 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 8.30% to 12.25. Numbers to Track: In the commodities market, Brent crude for September 2026 settlement lost 10 cents or 0.13% to $76.20 a barrel. The yield on India's 10-year benchmark federal paper declined 0.64% to 6.711 compared with the previous session close of 6.754. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.3200 compared with its close of 95.4700 during the previous trading session. MCX Gold futures for 5 August 2026 settlement fell 0.74% to Rs 1,44,222. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.06% to 100.63. The United States 10-year bond yield declined 0.11% to 4.534. Global Markets: Dow Jones futures rose 108 points, signalling a positive start for U.S. equities later in the day. European indices advanced on Friday as signs of continued diplomatic engagement between Washington and Tehran eased investor concerns over escalating tensions in the Middle East. Most Asian indices also ended higher, tracking overnight gains on Wall Street, where a rally in semiconductor stocks lifted major U.S. indices. Investor sentiment remained upbeat amid optimism that strong corporate earnings would broaden the market rally beyond the technology sector. Investor focus is now on SK Hynix's U.S. market debut later on Friday after the company priced its American Depositary Receipts (ADRs) at $149 each on Thursday, raising about $26.5 billion. The strong response highlights robust investor appetite for companies linked to the artificial intelligence supply chain. The offering, which will fund new manufacturing facilities and equipment to meet rising AI chip demand, is set to become the world's second-largest share sale after SpaceX's record-breaking IPO last month. Overnight on Wall Street, stocks closed higher as gains in semiconductor shares and lower oil prices outweighed concerns over renewed U.S.-Iran tensions. The Nasdaq Composite climbed 1.30% to 26,206.89, the S&P 500 advanced 0.81% to 7,543.64, and the Dow Jones Industrial Average gained 139.02 points, or 0.27%, to 52,487.41. Stocks in Spotlight: Tata Consultancy Services (TCS) gained 0.90%. The company reported a consolidated net profit of Rs 13,349 crore for the quarter ended 30 June 2026 (Q1 FY27), down 2.7% from Rs 13,718 crore in Q4 FY26. Revenue from operations rose 2.2% sequentially to Rs 72,275 crore in Q1 FY27 from Rs 70,698 crore in the preceding quarter. In constant currency terms, revenue grew 0.4% quarter-on-quarter. Indian Bank surged 10.11% after the bank reported a 10.10% year-on-year rise in standalone net profit to Rs 3,273.09 crore in Q1 FY27, compared with Rs 2,972.82 crore in Q1 FY26. The bank's total income increased 10.69% to Rs 20,723.62 crore in Q1 FY27 from Rs 18,721.31 crore in Q1 FY26. Bank of Maharashtra rose 2.43%. The bank's net profit increased by 26.84% to Rs 2,020 crore in Q1FY27 on Y-o-Y basis as against Rs 1,593 crore for Q1FY26. The same is increased by 0.31% on a Q-o-Q sequential basis. Net Interest Income (NII) grew by 14.53% on Y-o-Y basis to Rs 3,770 crore in Q1FY27 as against Rs 3,292 crore for Q1FY26. The same is increased by 1.82% on a Q-o-Q sequential basis. Muthoot Microfin soared 13.19% after the company reported an 18% year-on-year (YoY) increase in assets under management (AUM) and strong disbursement growth in its business update for the quarter ended 30 June 2026 (Q1 FY27). Anand Rathi Wealth added 2.12% after the company reported a 23.5% rise in consolidated net profit to Rs 115.9 crore on a 17.5% increase in revenue to Rs 322 crore in Q1 FY27 as compared with Q1 FY26. Assets Under Management (AUM) as on 30 June 2026 were Rs 1,06,300 crore, up 21% YoY. Ion Exchange India zoomed 17.38% after the company announced that it has received an international contract from Hyundai Engineering & Construction Co. for the supply of filtration units in the Middle East. The order is valued at $52.83 million (approximately Rs 503 crore) based on the prevailing exchange rate. The project is scheduled to be executed over a period of 18 months. Eimco Elecon (India) fell 1.72% after the company reported a 59.9% drop in net profit to Rs 70.35 crore on a 6.1% increase in revenue to Rs 520.56 crore in Q1 FY27 as compared with Q1 FY26. RailTel Corporation of India rose 2.31% after the company announced that it has secured a work order worth Rs 18.54 crore from the Information Technology and Electronics Department, Government of Uttar Pradesh. HFCL rose 0.57% after it secured an international order worth approximately $51.98 million (around Rs 495.8 crore) for the supply of optical fiber cable-based data center connectivity solutions. Apollo Micro Systems added 2.57% after the company signed a definitive share purchase agreement (SPA) to acquire a 41.33% promoters' stake in Premier Explosives for Rs 1,550 crore in an all-cash transaction. Following the update, Premier Explosives shares fell 3.92%. Ceinsys Tech rallied 3.66% after the company secured a Rs 67.04 crore contract from the Directorate of Urban Administration & Development, Government of Madhya Pradesh. The contract, awarded by a domestic government entity, is for a period of three years and is valued at Rs 67.04 crore. Initial Public Offer (IPO): Kusumgar received bids for 1,47,56,07,560 shares as against 1,14,68,094 shares on offer, according to stock exchange data at 16:42 IST on 10 July 2026. The issue was subscribed 128.67 times. The issue opened for bidding on 8 July 2026 and will close on 10 July 2026. The price band of the IPO is fixed between Rs 398 and 419 per share. An investor can bid for a minimum of 39 equity shares and multiples thereof. Laser Power & Infra received bids for 2,51,25,310 shares as against 2,55,86,207 shares on offer, according to stock exchange data at 16:42 IST on 10 July 2026. The issue was subscribed 0.98 times. The issue opened for bidding on 9 July 2026 and will close on 13 July 2026. The price band of the IPO is fixed between Rs 203 and 214 per share. An investor can bid for a minimum of 70 equity shares and multiples thereof. First Published: Jul 10 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 10 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total Operating Income rise 13.90% to Rs 8034.65 crore First Published: Jul 10 2026 | 4:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 101.02% to Rs 189.26 crore First Published: Jul 10 2026 | 4:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 10 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 10 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Silver price outlook: Rate hike risks could limit upside, says Mirae Asset First Published: Jul 10 2026 | 1:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Eimco Elecon (India) fell 3.34% to Rs 495.85 after the company reported 59.9% drop in net profit to Rs 70.35 crore on a 6.1% increase in revenue to Rs 520.56 crore in Q1 FY27 as compared with Q1 FY26. Total expenses for the period under review added up to Rs 449.31 crore, up 14.9% YoY. This was primarily due to higher raw material costs (up 32.4% YoY), higher manufacturing expenses (up 22.9% YoY) and higher depreciation charges (up 21.3% YoY). Profit before tax in Q1 FY27 stood at Rs 93.16 crore, down by 55% from Rs 207.12 crore in Q1 FY26. Prayasvin B. Patel, chairman & managing director of Elecon Engineering Company, said: Q1 FY27 marked another quarter of resilient performance for Elecon, with consolidated revenue of Rs 521 crore, EBITDA of Rs 109 crore and an EBITDA margin of 21.0%. We recorded a consolidated order intake of Rs 755 crore during the quarter, while our consolidated open order book stood at Rs 1,518 crore as of 30 June 2026, providing strong revenue visibility for the quarters ahead. Our Gear Division continued its strong growth trajectory, reporting revenue of Rs 416 crore compared to Rs 357 crore in Q1 FY26 grew by 16.3% YoY, with an EBIT margin of 17.9%. This performance was driven by improved execution across our overseas subsidiaries and healthy demand across domestic markets. The Material Handling Equipment (MHE) division reported revenue of Rs 105 crore, with an EBIT margin of 25.6%. While the division witnessed a temporary moderation in project execution during the quarter, the underlying demand environment remains strong. While global macroeconomic and geopolitical uncertainties persist; we are encouraged by the early signs of recovery across several international markets and remain focused on expanding our global presence. Elecon Engineering Company is one of the largest manufacturers of industrial gears and material handling equipment with seven decades of experience and expertise in Asia. First Published: Jul 10 2026 | 1:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dhanlaxmi Bank rose 1.12% to Rs 34.29 after the bank announced that Krishnakumar K has assumed charge as its Chief Financial Officer (CFO) with effect from 10 July 2026. Krishnakumar is a fellow member of the Institute of Chartered Accountants of India (ICAI) and brings nearly three decades of experience in the banking and financial services sector. He spent around 30 years with Federal Bank, including 22 years overseeing financial reporting and taxation functions, before retiring as executive vice president. Subsequently, he served as the chief financial officer of ESAF Financial Holdings. Dhanlaxmi Bank is engaged in the business of providing banking services. For the quarter ended 31 March 2026, the bank's standalone net profit surged 50.1% year-on-year to Rs 43.49 crore from Rs 28.98 crore in the corresponding quarter of the previous year. Total income rose 30.1% to Rs 512.34 crore during the period. First Published: Jul 10 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jindal Stainless Ltd is quoting at Rs 722.8, up 1.86% on the day as on 12:49 IST on the NSE. The stock is up 5.6% in last one year as compared to a 3.82% gain in NIFTY and a 35.58% gain in the Nifty Metal index. Jindal Stainless Ltd rose for a third straight session today. The stock is quoting at Rs 722.8, up 1.86% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.94% on the day, quoting at 24188.05. The Sensex is at 77527.52, up 1.02%. Jindal Stainless Ltd has added around 6.4% in last one month. Meanwhile, Nifty Metal index of which Jindal Stainless Ltd is a constituent, has added around 0.1% in last one month and is currently quoting at 12503.3, up 1.74% on the day. The volume in the stock stood at 3.47 lakh shares today, compared to the daily average of 6.64 lakh shares in last one month. The PE of the stock is 21.45 based on TTM earnings ending March 26. First Published: Jul 10 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GE Vernova T&D India Ltd is quoting at Rs 4694.8, up 1.11% on the day as on 12:49 IST on the NSE. The stock is up 101.24% in last one year as compared to a 3.82% fall in NIFTY and a 8.84% fall in the Nifty Energy index. GE Vernova T&D India Ltd rose for a third straight session today. The stock is quoting at Rs 4694.8, up 1.11% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.94% on the day, quoting at 24188.05. The Sensex is at 77527.52, up 1.02%. GE Vernova T&D India Ltd has dropped around 0.85% in last one month. Meanwhile, Nifty Energy index of which GE Vernova T&D India Ltd is a constituent, has dropped around 1.64% in last one month and is currently quoting at 38838.1, up 1.16% on the day. The volume in the stock stood at 2.99 lakh shares today, compared to the daily average of 11.5 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 4695.9, up 0.84% on the day. GE Vernova T&D India Ltd is up 101.24% in last one year as compared to a 3.82% fall in NIFTY and a 8.84% fall in the Nifty Energy index. The PE of the stock is 92.93 based on TTM earnings ending March 26. First Published: Jul 10 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NTPC Green Energy Ltd is quoting at Rs 94.09, up 1.18% on the day as on 12:49 IST on the NSE. The stock is down 16.13% in last one year as compared to a 3.82% gain in NIFTY and a 8.84% gain in the Nifty Energy index. NTPC Green Energy Ltd rose for a third straight session today. The stock is quoting at Rs 94.09, up 1.18% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.94% on the day, quoting at 24188.05. The Sensex is at 77527.52, up 1.02%. NTPC Green Energy Ltd has dropped around 3.07% in last one month. Meanwhile, Nifty Energy index of which NTPC Green Energy Ltd is a constituent, has dropped around 1.64% in last one month and is currently quoting at 38838.1, up 1.16% on the day. The volume in the stock stood at 16.49 lakh shares today, compared to the daily average of 31.97 lakh shares in last one month. The PE of the stock is 193.69 based on TTM earnings ending March 26. First Published: Jul 10 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharat Heavy Electricals Ltd is quoting at Rs 393.35, up 3.08% on the day as on 12:49 IST on the NSE. The stock is up 52.05% in last one year as compared to a 3.82% drop in NIFTY and a 8.84% drop in the Nifty Energy index. Bharat Heavy Electricals Ltd gained for a third straight session today. The stock is quoting at Rs 393.35, up 3.08% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.94% on the day, quoting at 24188.05. The Sensex is at 77527.52, up 1.02%. Bharat Heavy Electricals Ltd has risen around 6.12% in last one month. Meanwhile, Nifty Energy index of which Bharat Heavy Electricals Ltd is a constituent, has risen around 1.64% in last one month and is currently quoting at 38838.1, up 1.16% on the day. The volume in the stock stood at 64.58 lakh shares today, compared to the daily average of 143.36 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 393, up 2.87% on the day. Bharat Heavy Electricals Ltd is up 52.05% in last one year as compared to a 3.82% drop in NIFTY and a 8.84% drop in the Nifty Energy index. The PE of the stock is 84.23 based on TTM earnings ending March 26. First Published: Jul 10 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Uno Minda Ltd is quoting at Rs 1166.1, up 1% on the day as on 12:49 IST on the NSE. The stock is up 8.68% in last one year as compared to a 3.82% drop in NIFTY and a 14.29% drop in the Nifty Auto index. Uno Minda Ltd is up for a third straight session in a row. The stock is quoting at Rs 1166.1, up 1% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.94% on the day, quoting at 24188.05. The Sensex is at 77527.52, up 1.02%. Uno Minda Ltd has risen around 9.26% in last one month. Meanwhile, Nifty Auto index of which Uno Minda Ltd is a constituent, has risen around 4.11% in last one month and is currently quoting at 26676.35, up 0.66% on the day. The volume in the stock stood at 5.79 lakh shares today, compared to the daily average of 9.35 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 1165, up 0.76% on the day. Uno Minda Ltd is up 8.68% in last one year as compared to a 3.82% drop in NIFTY and a 14.29% drop in the Nifty Auto index. The PE of the stock is 66.81 based on TTM earnings ending March 26. First Published: Jul 10 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 10 2026 | 12:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 10 2026 | 12:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold price outlook: Yellow metal likely to trade in $4,000-$4,200 range for now, says analysts at Mirae Asset Sharekhan. First Published: Jul 10 2026 | 12:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Midcap, Smallcap indices hit new 52-week highs in Friday's trade. First Published: Jul 10 2026 | 12:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zensar Technologies Ltd, Newgen Software Technologies Ltd, Kalyan Jewellers India Ltd and HEG Ltd are among the other gainers in the BSE's 'A' group today, 10 July 2026. Zensar Technologies Ltd, Newgen Software Technologies Ltd, Kalyan Jewellers India Ltd and HEG Ltd are among the other gainers in the BSE's 'A' group today, 10 July 2026. Goldiam International Ltd spiked 14.01% to Rs 360 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.63 lakh shares were traded on the counter so far as against the average daily volumes of 58080 shares in the past one month. Zensar Technologies Ltd soared 13.65% to Rs 507.9. The stock was the second biggest gainer in 'A' group. On the BSE, 15.78 lakh shares were traded on the counter so far as against the average daily volumes of 4.1 lakh shares in the past one month. Newgen Software Technologies Ltd surged 12.59% to Rs 532. The stock was the third biggest gainer in 'A' group. On the BSE, 7.82 lakh shares were traded on the counter so far as against the average daily volumes of 88637 shares in the past one month. Kalyan Jewellers India Ltd advanced 7.30% to Rs 477. The stock was the fourth biggest gainer in 'A' group. On the BSE, 54.1 lakh shares were traded on the counter so far as against the average daily volumes of 12.58 lakh shares in the past one month. HEG Ltd added 6.64% to Rs 549.25. The stock was the fifth biggest gainer in 'A' group. On the BSE, 2.76 lakh shares were traded on the counter so far as against the average daily volumes of 45231 shares in the past one month. First Published: Jul 10 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Anand Rathi Wealth added 2.27% to Rs 2146.40 after the company reported 23.5% rise in consolidated net profit to Rs 115.9 crore on a 17.5% increase in revenue to Rs 322 crore in Q1 FY27 as compared with Q1 FY26. Total expenses for the period under review added up to Rs 180.1 crore, up 14.1% YoY. This was primarily due to higher employee expenses (up 13.4% YoY) and higher other expenses (up 15.8% YoY). Profit before tax in Q1 FY27 stood at Rs 156.3 crore, up by 6.5% from Rs 18.41 crore in Q1 FY26. Assets Under Management (AUM) as on 30 June 2026 was Rs 1,06,300 crore, up 21% YoY. Rakesh Rawal, chief executive officer, and Feroze Azeez, joint chief executive officer, said: This performance reflects our continued ability to attract new clients and deepen existing relationships, even in a challenging market environment. We onboarded 1,611 new client families on net basis over the last twelve months, taking our total client base to 13,941 families. Client attrition, measured by AUM lost, remained at a low at 0.09%, underscoring the strength of our client-centric uncomplicated approach. We also recorded zero regret RM attrition during the quarter." Anand Rathi Wealth is among Indias leading wealth solutions firms, catering to high and ultra-high-net-worth individuals with a unique and differentiated client strategy. The company operates across 18 cities in India has a representative office in Dubai. Recently, the company commenced operations in London, UK, through its wholly owned subsidiary. First Published: Jul 10 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Atishay added 2.47% to Rs 203.35 after it has secured a domestic contract worth Rs 82.25 lakh from The Udaipur Central Cooperative Bank, Udaipur. The order is for the supply, installation, commissioning, and maintenance of Micro ATM devices under the Cooperative Department, Rajasthan. The company said the order has been awarded by a domestic entity and clarified that neither its promoters nor group companies have any interest in the awarding authority. It also stated that the contract does not constitute a related-party transaction. Atishay is primarily engaged in the business of information technology, database management, software development, e-governance, and fintech services. On the financial front, Atishay reported a 25% decline in standalone net profit to Rs 1.77 crore for the quarter ended March 2026, compared with Rs 2.36 crore in the quarter ended March 2025. Revenue from operations declined 20.79% to Rs 10.17 crore in Q4 FY26, compared with Rs 12.84 crore in the corresponding quarter of the previous year. First Published: Jul 10 2026 | 11:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Consultancy Services (TCS) gained 1.53% to Rs 2,079 after foreign brokerage firms maintained a positive outlook on the stock despite the company's mixed first-quarter performance. Another foreign brokerage described the June quarter performance as broadly in line with expectations, citing a modest revenue beat led by India and stable margins. The brokerage added that management's optimism regarding a recovery in demand during the second quarter provides confidence in the near-term outlook. The company reported a consolidated net profit of Rs 13,349 crore for the quarter ended 30 June 2026 (Q1 FY27), down 2.7% from Rs 13,718 crore in Q4 FY26. Revenue from operations rose 2.2% sequentially to Rs 72,275 crore in Q1 FY27 from Rs 70,698 crore in the preceding quarter. In constant currency terms, revenue grew 0.4% quarter-on-quarter. On a year-on-year basis, the company's consolidated net profit increased 4.6%, while revenue from operations rose 13.9%. Profit before exceptional items and tax rose 1.36% to Rs 18,612 crore in Q1 FY27 from Rs 18,362 crore recorded in Q4 FY26. The company also reported exceptional items worth Rs 668 crore during the period, primarily due to additional provisions towards the settlement of a legal claim filed by Computer Sciences Corporation (CSC), following the denial of the company's petition by the US Supreme Court. The provision relates to exemplary damages and costs awarded in the matter. The company's operating margin stood at 24%, while net margin was 19.2% during the quarter. The company's total contract value (TCV) declined to $9.5 billion in Q1 FY27 from $12 billion in Q4 FY26. The company's annualised AI revenue reached $2.6 billion during the quarter, up 13.6% sequentially. The workforce stood at 593,798 employees as of 30 June 2026, while the last twelve months (LTM) attrition rate in IT Services was 13.6%. As of 30 June 2026, TCS had filed 9,803 patent applications, including 207 during the quarter, and had been granted 5,670 patents, of which 170 were awarded in Q1 FY27. Its AI-focused portfolio comprised 1,996 cumulative patent filings and 602 granted patents. K Krithivasan, chief executive officer and managing director, said Q1 FY27 reflects continued growth momentum and the strength of our strategic positioning, despite geopolitical and macro-economic headwinds. We delivered a strong order book of $9.5 billion, including a marquee AI-led transformation deal with SKF, while continuing to add clients across key revenue bands and scaling our AI business to a $2.6 billion annualized revenue run rate. As customers accelerate investments in AI, modernization, cybersecurity, sovereign cloud and platform simplification, our strong deal conversion, improving client mining and expanding ecosystem partnerships position TCS well to translate opportunity into sustained growth. Aarthi Subramanian, executive director - president and chief operating officer, said Q1 was characterized by strong growth across several services. We won multiple AI-led transformation deals with our dual commitment to AI-led optimization as well as innovation-led outcomes. These wins validate our approach to AI-led efficient ITOps, accelerated Software Engineering and Modernization, AI-first process redesign and implementation of SaaS solutions and Autonomous GBS. We signed strategic partnerships with Anthropic and Mistral expanding our AI ecosystem. Samir Seksaria, chief financial officer, said, In Q1, we rolled out annual wage hikes, strengthened our partnership ecosystem, and targeted investments to enhance long-term competitiveness. We remain focused on building, acquiring, or partnering for AI-led capabilities while maintaining disciplined execution, industryleading profitability and return ratios. Sudeep Kunnumal, chief HR officer, said This quarter, we completed annual salary increments for all associates globally and aligned salary structures with the new India Labour Code requirements. We continue to invest in AI infrastructure, next-generation skill development platforms, to enable our people to be futureready, while fostering a workplace where every associate feels safe, valued, trusted and empowered to grow. Meanwhile, the board of directors declared an interim dividend of Rs 12 per equity share of Re 1 each. The record date for determining eligible shareholders is 15 July 2026 and the dividend will be paid on 31 July 2026. TCS is a digital transformation and technology partner of choice for industry-leading organizations worldwide. First Published: Jul 10 2026 | 11:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 681.95 points or 0.89% to 77,423.77. The Nifty 50 index rose 251.10 points or 0.86% to 24,167.75. The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 1.15% and the BSE 250 SmallCap Index rose 1.10%. The market breadth was strong. On the BSE, 2,716 shares rose and 1,173 shares fell. A total of 229 shares were unchanged. Initial Public Offer (IPO): Kusumgar received bids for 27,23,16,555 shares as against 1,14,68,094 shares on offer, according to stock exchange data at 11:14 IST on 10 July 2026. The issue was subscribed 23.75 times. The issue opened for bidding on 08 July 2026 and it will close on 10 July 2026. The price band of the IPO is fixed between Rs 398 and 419 per share. An investor can bid for a minimum of 39 equity shares and multiples thereof. Laser Power & Infra received bids for 75,81,420 shares as against 2,55,86,207 shares on offer, according to stock exchange data at 11:15 IST on 10 July 2026. The issue was subscribed 0.30 times. The issue opened for bidding on 09 July 2026 and it will close on 13 July 2026. The price band of the IPO is fixed between Rs 203 and 214 per share. An investor can bid for a minimum of 70 equity shares and multiples thereof. Buzzing Index: The Nifty IT index rose 1.75% to 27,950.95. The index fell 1.67% in the previous two trading sessions. Coforge (up 2.89%), Persistent Systems (up 2.88%), Oracle Financial Services Software (up 2.78%), Mphasis (up 2.64%), LTM (up 2.36%), Wipro (up 1.9%), Tech Mahindra (up 1.71%), Infosys (up 1.62%), HCL Technologies (up 1.51%) and Tata Consultancy Services (up 1.45%) rose. Stocks in Spotlight: HFCL rose 2.30% after it secured an international order worth approximately $51.98 million (around Rs 495.8 crore) for the supply of optical fiber cable-based data centre connectivity solutions. Apollo Micro Systems added 2.65% after the company signed a definitive share purchase agreement (SPA) to acquire a 41.33% promoters' stake in Premier Explosives for Rs 1,550 crore in an all-cash transaction. Global Markets: Asian stocks traded higher on Friday, led by chip and AI firms as investors brushed off concern over the stalled recovery of energy supplies through the critical Strait of Hormuz, with tit-for-tat attacks escalating between the U.S. and Iran. The renewed back-and-forth attacks have further eroded the fragile three-week-old ceasefire, bringing the spotlight back on oil prices and what it could mean for inflation and the global rates outlook. Brent crude futures were set for a 5% rise in the week, their strongest weekly performance since early May. But at $76.03 per barrel, Brent has given up most of the gains it picked up when the conflict began at the end of February. Attention will be on SK Hynix's U.S. market debut later on Friday after the firm priced its American Depositary Receipts at $149 on Thursday, ??raising about $26.5 billion, indicating strong investor appetite to gain exposure in the AI supply chain. The blockbuster offering, which will finance new factories and equipment to meet surging AI chip demand, is set to be the world's second-biggest share sale after SpaceX's record-breaking IPO last month. Overnight on Wall Street, stocks rose on Thursday, bolstered by a jump in semiconductors and a fall in oil prices, as equity markets tried to recover in spite of renewed U.S.-Iran tensions. The Nasdaq Composite gained 1.30% to 26,206.89, while the S&P 500 rose 0.81% to 7,543.64. The Dow Jones Industrial Average added 139.02 points, or 0.27%, to 52,487.41. First Published: Jul 10 2026 | 11:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 10 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 10 2026 | 11:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Muthoot Microfin surged 7.42% to Rs 227.15 after the company reported an 18% year-on-year (YoY) increase in assets under management (AUM) and strong disbursement growth in its business update for the quarter ended 30 June 2026 (Q1 FY27). Disbursements during the first quarter of FY27 rose 49% YoY to Rs 2,645 crore. During the quarter, the company also commenced gold loan disbursements under a referral and co-lending arrangement with its parent, Muthoot Fincorp, disbursing Rs 192.86 crore. The loan portfolio continued to diversify, with the joint liability group (JLG) and non-JLG mix improving to 76:24 as of 30 June 2026 from 83:17 as of 31 March 2026. The Small and Micro Enterprise Individual Loan portfolio increased to Rs 3,214 crore while maintaining near-zero delinquency. On the asset quality front, collection efficiency improved to 97.97% in Q1 FY27 from 93.00% in Q1 FY26 and 96.43% in Q4 FY26. X-Bucket collection efficiency stood at 99.89%, reflecting sustained collection discipline. The company outlined its long-term strategic roadmap, targeting assets under management (AUM) of Rs 30,000 crore by FY30. It also aims to transition its loan portfolio to a 53.4% joint liability group (JLG) and 46.6% non-JLG mix by the end of the decade. Further, the company is targeting a return on assets (RoA) of over 5% and a return on equity (RoE) of more than 20% by FY30. It also plans to increase digital collections, with a target of achieving 75% digital collections by 2030. As of 30 June 2026, Muthoot Microfin operated 1,671 branches and served 33 lakh active customers. During the quarter, the company expanded its presence across existing and newly entered markets, including Telangana, Andhra Pradesh and Assam. Muthoot Microfin is a part of Muthoot Pappachan Group (also known as Muthoot Blue) and is one of the leading listed MFIs in India. It provides financial assistance through microloans, such as income-generating loans, to women engaged in small businesses. The company reported standalone net profit of Rs 71.12 crore in Q4 FY26 compared with net loss of Rs 401.15 crore in Q4 FY25. Total income jumped 14.9% YoY to Rs 638.90 crore in Q4 FY26. First Published: Jul 10 2026 | 11:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Why is market rallying today? Sensex soars 845pts intraday, Nifty at 24,226 First Published: Jul 10 2026 | 11:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Paytm stock rallied 5% in Friday's trade following Indonesian biz deal. First Published: Jul 10 2026 | 11:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GMR Airports Ltd witnessed volume of 406.98 lakh shares by 10:46 IST on BSE, a 28.12 times surge over two-week average daily volume of 14.47 lakh shares Newgen Software Technologies Ltd, Affle 3i Ltd, Star Health & Allied Insurance Company Ltd, Inox Wind Ltd are among the other stocks to see a surge in volumes on BSE today, 10 July 2026. GMR Airports Ltd witnessed volume of 406.98 lakh shares by 10:46 IST on BSE, a 28.12 times surge over two-week average daily volume of 14.47 lakh shares. The stock increased 1.03% to Rs.113.00. Volumes stood at 4.81 lakh shares in the last session. Newgen Software Technologies Ltd clocked volume of 5.98 lakh shares by 10:46 IST on BSE, a 9.55 times surge over two-week average daily volume of 62645 shares. The stock gained 10.05% to Rs.520.00. Volumes stood at 37493 shares in the last session. Affle 3i Ltd saw volume of 84331 shares by 10:46 IST on BSE, a 6.69 fold spurt over two-week average daily volume of 12613 shares. The stock increased 0.38% to Rs.1,472.35. Volumes stood at 13741 shares in the last session. Star Health & Allied Insurance Company Ltd clocked volume of 4.25 lakh shares by 10:46 IST on BSE, a 6.54 times surge over two-week average daily volume of 64941 shares. The stock gained 1.34% to Rs.611.00. Volumes stood at 3.31 lakh shares in the last session. Inox Wind Ltd clocked volume of 34.03 lakh shares by 10:46 IST on BSE, a 6.27 times surge over two-week average daily volume of 5.43 lakh shares. The stock gained 1.52% to Rs.83.28. Volumes stood at 6.13 lakh shares in the last session. First Published: Jul 10 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RailTel Corporation of India rose 2.66% to Rs 310.95 after the company announced that it has secured a work order worth Rs 18.54 crore from the Information Technology and Electronics Department, Government of Uttar Pradesh. The scope of work includes the design, installation and maintenance of educational and vocational laboratories, supply and installation of hardware, teacher training and training for other staff. The total value of the work order is Rs 18,53,66,820 and it is scheduled to be completed by 17 November 2027. RailTel Corporation of India was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways. The companys standalone net profit jumped 35.7% to Rs 143.52 crore in Q4 FY26, compared with Rs 105.78 crore in Q4 FY25. Revenue from operations rose 27.6% YoY to Rs 1,668.86 crore in Q4 FY26. First Published: Jul 10 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 10 2026 | 11:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HFCL rose 1.01% to Rs 217.30 after it has secured an international order worth approximately $51.98 million (around Rs 495.8 crore) for the supply of optical fiber cable-based data centre connectivity solutions. The contract has been awarded by an international customer and involves the supply of optical fiber cable-based connectivity solutions tailored to the customer's specifications. The order is scheduled to be executed by December 2026. The company said the contract has been awarded under general contract conditions and does not involve any related-party transaction. HFCL also clarified that neither its promoters nor promoter group companies have any interest in the entity awarding the contract. The latest order strengthens HFCL's international order book and underscores its growing presence in the global optical networking and data centre infrastructure market. HFCL is a diversified telecom infrastructure enabler with businesses spanning telecom infrastructure development, system integration, and the manufacture and supply of high-end telecom equipment, optical fiber, and optical fiber cables (OFC). On a consolidated basis, HFCL reported net profit of Rs 178.50 crore in Q4 March 2026 as against net loss of Rs 81.43 crore in Q4 March 2025. Net sales surged 127.81% YoY to Rs 1824.12 crore in Q4 March 2026. First Published: Jul 10 2026 | 10:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The bank said the investment-grade rating marks an important milestone in its growth journey and is expected to enhance its visibility among global investors and international financial institutions. It also believes the rating will strengthen confidence among customers, counterparties and other stakeholders. Commenting on the development, managing director and CEO KVS Manian said the inaugural international investment-grade issuer rating reflects the strength of the bank's franchise, resilient business model and disciplined approach to growth, risk management and governance. He added that the bank remains focused on customer excellence, sustainable growth and long-term value creation while maintaining strong financial fundamentals. Federal Bank said it has strengthened its balance sheet over the years by improving the quality of its liabilities, maintaining healthy capital buffers, enhancing profitability and continuing investments in technology and customer experience. Federal Bank operates through four segments: treasury, corporate or wholesale banking, retail banking, and other banking operations. As of 31 March 2026, it had 1,640 banking outlets and 2,112 ATMs/recyclers, including mobile ATMs. The bank reported 22.22% jump in standalone net profit to Rs 1,259.10 crore on 11.62% increase in total income to Rs 8544.04 crore in Q4 FY26 over Q4 FY25. First Published: Jul 10 2026 | 10:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 10:30 IST, the barometer index, the S&P BSE Sensex, jumped 808.11 points or 1.05% to 77,549.93. The Nifty 50 index rose 251.10 points or 1.05% to 24,213.90. The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 1.32% and the BSE 250 SmallCap Index rose 1.22%. The market breadth was strong. On the BSE, 2,767 shares rose and 926 shares fell. A total of 207 shares were unchanged. Buzzing Index: The Nifty Metal index rose 2.32% to 12,793.60. The index jumped 4.75% in the two consecutive trading sessions. Hindustan Copper (up 4.57%), National Aluminium Company (up 3.86%), Lloyds Metals & Energy (up 3.05%), Jindal Steel (up 2.92%), Adani Enterprises (up 2.8%), Steel Authority of India (up 2.71%), Hindustan Zinc (up 2.56%), Tata Steel (up 2.41%), JSW Steel (up 2.32%) and APL Apollo Tubes (up 2.13%) rose. Stocks in Spotlight: Ceinsys Tech added 2.79% after the company had secured a Rs 67.04 crore contract from the Directorate of Urban Administration & Development, Government of Madhya Pradesh. Apollo Micro Systems added 2.36% after the company signed a definitive share purchase agreement (SPA) to acquire a 41.33% promoters' stake in Premier Explosives for Rs 1,550 crore in an all-cash transaction. First Published: Jul 10 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian stocks rose sharply on Friday, led by chip and AI firms as investors brushed off concern over the stalled recovery of energy supplies through the critical Strait of Hormuz, with tit-for-tat attacks escalating between the US and Iran. The renewed back-and-forth attacks have further eroded the fragile three-week-old ceasefire, bringing the spotlight back on oil prices and what it could mean for inflation and the global rates outlook. Brent crude futures were set for a 5 per cent rise in the week, ?their strongest weekly performance since early May. But at $76.03 per barrel, Brent has given up most of the gains it picked up when the conflict began at the end of February. "I'm looking at updates from the Middle East and things don't look good, but investors seem incredibly resilient to those risks at the moment, with tech again driving markets higher," said Nick Twidale, chief market strategist at ATFX Global in Sydney. Japan's Nikkei rose 1.8 per cent while South Korea's KOSPI, the epicentre of the AI rally, gained 2.4 per cent in early trading. Chip bellwethers SK Hynix and Samsung were both up 3 per cent. Taiwan markets were closed. That left the MSCI's broadest index of Asia-Pacific shares outside Japan 0.76 per cent higher. "We will start on the front foot again in Asia, but I'm still very cautious that we are not pricing in enough event risk that the Strait of Hormuz may be closed again in the coming days," Twidale said. Investors have taken the escalation in stride this week, keeping their focus instead on the AI theme that has ?propelled global stocks to record highs but spurred worries about the sustainability of the red-hot rally. Overnight, the tech-heavy Nasdaq ended sharply higher after Micron Technology's plans to invest more than $250 billion in the US through 2035 buoyed chip stocks, with the Philadelphia SE Semiconductor index rising 3 per cent. Attention will be on SK Hynix's US market debut later on Friday after the firm priced its American Depositary Receipts at $149 on Thursday, raising about $26.5 billion, indicating strong investor appetite to gain exposure in the AI supply chain. The blockbuster offering, which will finance new factories and equipment to meet surging AI chip demand, is set to be the world's second-biggest share sale after SpaceX's record-breaking IPO last month. Sam Konrad, investment manager for Asia Equity Income at Jupiter Asset Management, said the listing could mean that the ADR trades at a premium to the local shares, but could still help re-rate the Korean-listed SK ?Hynix shares. "If SK Hynix re-rates that should help support a re-rating in Samsung Electronics too, especially when they release details of their shareholder return plans," said Konrad, who holds shares in both South Korean firms. SK Hynix's Korean shares have surged an eye-popping 238 per cent this year, taking the broader benchmark to record ?highs and making the KOSPI the world's best-performing major stock market since the start of 2025. But the AI mania has also spurred sharp swings in recent weeks ?as investors fret about sky-high valuations and worry about the sustainability of their massive profit growth. In currency markets, all eyes remained on the Japanese yen, which hung around its lowest level in 40 years as traders kept a watch for official intervention from Tokyo. It last fetched ?162.18 per US dollar, not far from the 1986 low of 162.84 it hit last week. The dollar otherwise was mostly muted as investors awaited catalysts to gauge the path of US interest rates. Traders are pricing in 34 basis points of hikes for the year but that may change ?depending on the inflation pressure from the war. In commodities, gold looked set to clock a 1 per cent decline for the week and was last at $4,113 per ounce in early trading. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 10 2026 | 9:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HCL Tech Q1 preview First Published: Jul 10 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty July 2026 futures currently traded 31.50 points higher, suggesting a mildly green opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 532.86 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,057.79 crore in the Indian equity market on 09 July 2026, provisional data showed. The FIIs have bought shares worth Rs 1,969.17 crore so far in July (till 09 July 2026). This contrasts with their cash sales of Rs 49,028.63 crore in June, Rs 55,963.33 crore in May and Rs 70,135.46 crore in April. Global Markets: Asian stocks rose sharply on Friday, led by chip and AI firms as investors brushed off concern over the stalled recovery of energy supplies through the critical Strait of Hormuz, with tit-for-tat attacks escalating between the U.S. and ?Iran. The renewed back-and-forth attacks have further eroded the fragile three-week-old ceasefire, bringing the spotlight back on oil prices and what it could mean for inflation and the global rates outlook. Brent crude futures were set for a 5% rise in the week, their strongest weekly performance since early May. But at $76.03 per barrel, Brent has given up most of the gains it picked up when the conflict began at the end of February. Attention will be on SK Hynix's U.S. market debut later on Friday after the firm priced its American Depositary Receipts at $149 ?on Thursday, ??raising about $26.5 billion, indicating strong investor appetite to gain exposure in the AI supply chain. The blockbuster offering, which will finance new factories and equipment to meet surging AI chip demand, is set to be the world's second-biggest share sale after SpaceX's , record-breaking IPO last month. Overnight on Wall Street, stocks rose on Thursday, bolstered by a jump in semiconductors and a fall in oil prices, as equity markets tried to recover in spite of renewed U.S.-Iran tensions. The Nasdaq Composite gained 1.30% to 26,206.89, while the S&P 500 rose 0.81% to 7,543.64. The Dow Jones Industrial Average added 139.02 points, or 0.27%, to 52,487.41. Domestic Market: Benchmark indices rebounded on Thursday after the previous session's sharp sell-off, supported by broad-based buying and improving global sentiment. The Nifty closed above the 23,950 mark as easing geopolitical concerns after US President Donald Trump said a renewed war with Iran was unlikely. Meanwhile, renewed FII buying in domestic shares, a steady rupee and optimism ahead of the Q1 earnings season lifted investor sentiment. Broader markets outperformed the benchmarks. PSU banks and consumer durables stocks led the gains. IT and auto shares, however, remained under pressure. The S&P BSE Sensex jumped 238.22 points or 0.31% to 76,741.82. The Nifty 50 index rose 80.75 points or 0.34% to 23,962.80. In the past two trading sessions, the Nifty and Sensex declined 2.25% and 2.28%, respectively. First Published: Jul 10 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Jul 10 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.51% to Rs 321.99 crore First Published: Jul 10 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 5.86% to Rs 8.20 crore First Published: Jul 10 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 0.04 crore First Published: Jul 10 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Kaynes Technology India are banned from F&O trading on 10 July 2026. Stocks to Watch: Tata Consultancy Services (TCS) reported a consolidated net profit of Rs 13,349 crore for the quarter ended 30 June 2026 (Q1 FY27), down 2.7% from Rs 13,718 crore in Q4 FY26. Revenue from operations rose 2.2% sequentially to Rs 72,275 crore in Q1 FY27 from Rs 70,698 crore in the preceding quarter. The company's annualised AI revenue reached $2.6 billion during the quarter, up 13.6% sequentially. Meanwhile, the board of directors declared an interim dividend of Rs 12 per equity share of Re 1 each. The record date for determining eligible shareholders is 15 July 2026 and the dividend will be paid on 31 July 2026. Mahindra & Mahindra (M&M)s total sales jumped 32.45% to Rs 1,03,502 units in June 2026 compared with 78,142 units sold in June 2025. Production increased 29.99% YoY to 1,10,795 units in June 2026. Anand Rathi Wealth reported a 73.99% jump in consolidated net profit to Rs 162.73 crore in Q1 FY27 compared with Rs 93.53 crore in Q1 FY26. Revenue from operations jumped 17.51% YoY to Rs 321.98 crore in Q1 FY27. Havells India announced a strategic collaboration with Pixii AS, a Norway-based energy storage technology company, to develop and introduce advanced Battery Energy Storage Systems (BESS) for the Indian market. Muthoot MIcrofin reported a 18% jump in Asset under management (AUM) to Rs 14,457 crore as of 30th June 2026. Disbursement stood at Rs 2,645 crore, up 49% YoY. Vijaya Diagnostic Centre appointed Narasimha Raju K.A as chief financial officer (CFO) with effect from 9 July 2026. Apollo Micro Systems entered into share purchase agreement with Premier Explosives to acquire 2.22 crore shares or 41.33% stake from the promoter AKS Family Trust. The company will also launch an open offer to acquire 26% stake, from public shareholders at Rs 698 per share. The total transaction is valued at around Rs 1,550 crore, subject to customary closing adjustments. First Published: Jul 10 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Encompass Design India announced that it has incorporated a subsidiary, The Longevity Plan, to diversify and expand its current operations. Encompass Design India has subscribed to 4,000 equity shares of The Longevity Plan at a face value of Rs 10 each, aggregating Rs 40,000 in cash. Following the subscription, the company holds a 66.67% stake in the subsidiary. Encompass Design India is a premium consumer brands company catering to affluent Indian consumers. Its portfolio includes Stoa Paris, a premium home fashion brand, and Small Batch, a gourmet food brand focused on artisanal culinary products. The company's consolidated net profit declined 16.11% year-on-year (YoY) to Rs 7.97 crore in the six months ended 31 March 2026. Revenue from operations increased 1.73% to Rs 39.96 crore during the period, compared with Rs 39.28 crore reported in the corresponding six months ended 31 March 2025. The scrip declined 3.27% to settle at Rs 239.90 on Thursday, 9 July 2026. First Published: Jul 10 2026 | 8:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The companies driving this year’s deal-making surge are among the world’s largest and best funded, and many of them are aiming to transform their business by doing big mergers, rather than making smaller acquisitions First Published: Jul 10 2026 | 8:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For the week, Brent was set for a 6 per cent gain and WTI was headed for a 5 per cent increase Oil prices fell in early trading on Friday but remained on track for weekly gains as the United States and Iran continued trading strikes. Concerns that accelerating inflation could soften oil demand weighed on the market and pressured prices. Brent futures fell 6 cents, ?or 0.08 per cent, to $76.24 a barrel by 0125 GMT. US West Texas Intermediate (WTI) crude lost 4 cents, or 0.06 per cent, to $72.04. For the week, Brent was set for a 6 per cent gain and WTI was headed for a 5 per cent increase. Iranian armed forces launched attacks on US military infrastructure in Gulf states on Thursday following US strikes on Iran's southern coastal and eastern provinces, further straining a three-week-old ceasefire. Separately, Iranian media reported multiple explosions across southern Iran, including Bushehr, where one of the country's nuclear plants is located. The renewed fighting came the day that Iran ?buried its slain Supreme Leader Ayatollah Ali Khamenei, the culmination of a week of mass funeral processions and rallies. Khamenei was killed on the first day of the war on February 28. The conflict has delayed the full reopening of the Strait of Hormuz, a key waterway that about 20 per cent of daily global oil and gas supplies passed through before the war. "Despite the US ramping up attacks on military sites in Iran, the market drew some reassurance from the Trump administration's decision to avoid targeting ?Iranian energy infrastructure," said Daniel Hynes, the senior commodity strategist for ANZ bank. "This was aided by comments from President Trump, who said he doesn't expect a return ?to a full-scale conflict." US President Donald Trump had said on Wednesday he did not think ?the war would restart and that "anything that happens is going to be over very quickly." In the US, the number of Americans filing claims for unemployment benefits fell ?last week, indicating that the labor market remained in a "slow-hire, slow-fire" mode. In China, the world's second-biggest economy, producer price inflation surged to a four-year high in June, piling pressure ?on manufacturers' profit margins as weak domestic demand limited pricing power. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 10 2026 | 8:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The stock is expected to list on Indian stock exchanges on July 21 State Bank of India will sell a 1.42 per cent stake in asset management unit SBI Funds Management to 30 investors for ?1,655 crore($173.5 million) in a pre-IPO placement, the lender ?said on Thursday. The stake sale at ?574 per share - the top end of the asset manager's IPO price band - provides an early benchmark for the unit's valuation and indicates institutional demand before the public offering. SBI is selling 28.8 million shares of SBI Funds to investors including Tata AIG General Insurance, Go Digit General Insurance, 360 ONE funds, Bennett Coleman, and ?several alternative investment funds and family offices. SBI Funds' $1.22 billion IPO is set to open for bids on July 14, with India's largest asset manager seeking a valuation of up to ?1.17 trillion. The company, a joint venture between India's largest lender SBI and Europe's largest asset manager, Amundi, has set a price band of ?545-574 per share ?for the three-day share sale. The stock is expected to list on Indian stock exchanges on July 21. SBI Funds ?is not selling new shares in the IPO and will ?not receive any proceeds. SBI is selling up to 128.3 million shares, while Amundi India Holding will divest ?up to 75.4 million shares, together offloading about 10% of SBI Funds Management's paid-up equity capital. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 10 2026 | 8:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to Watch today: TCS, Maruti, JSW Steel, JK Tyre, Federal Bank & more First Published: Jul 10 2026 | 8:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 10 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The index saw a bullish trend, with 22 of its 25 companies advancing and only three declining First Published: Jul 10 2026 | 7:42 AM IST In this article : This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 10 2026 | 7:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Beneath the defence budget's headline numbers lie cuts, windfalls and diverging fortunes First Published: Jul 10 2026 | 7:22 AM IST In this article : This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Derivative strategy by Nandish Shah of HDFC Securities for the July F&O expiry. First Published: Jul 10 2026 | 7:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 09 2026 | 6:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 40.59 lakh shares as against 2.55 crore shares on offer. The issue opened for bidding on 9 July 2026 and it will close on 13 July 2026. The price band of the IPO is fixed between Rs 203 and 214 per share. An investor can bid for a minimum of 70 equity shares and multiples thereof. The issue comprises both an offer for sale and a fresh issue of equity shares (of Rs 5 face value) worth an aggregate of Rs 200 crore and Rs 542 crore, respectively. The entire portion of the offer for sale is by promoters, i.e., Deepak Goel (Rs 112.5 crore), Rakhi Goel (Rs 25 crore), and Devesh Goel (Rs 62.5 crore). Of the net proceeds, the company proposed to utilize Rs 490 crore towards repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the company and balance towards general corporate purposes. Outstanding borrowings at the end of 17 June 2026 stood at Rs 935.67 crore. Laser Power & Infra is an integrated manufacturer of power and control cables, conductors, and specialty electrical products, along with providing EPC solutions for the power transmission and distribution sector. The company operates three manufacturing facilities in West Bengal and has executed power infrastructure projects across India and overseas. It serves government utilities, Indian Railways, discoms, and private EPC players, with a strong presence in East India. As of March 31, 2026, its order book stood at Rs 3,243.4 crore, spanning both manufacturing and EPC businesses. Ahead of the IPO, Laser Power & Infra on Wednesday, 09 July 2026, raised Rs 222.59 crore from anchor investors. The board allotted 1.04 crore shares at Rs 214 each to 19 anchor investors. The firm reported a consolidated net profit of Rs 151.59 crore and sales of Rs 2,326.10 crore for the twelve months ended on 31 March 2026. First Published: Jul 09 2026 | 6:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The RBI recently came out with draft guidelines proposing to permit eligible NBFCs to participate in the uncollateralised term money market, widening access beyond banks and standalone primary dealers This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ICRA also observed some moderation in securitisation volumes backed by MSME and business loans, reflecting investor caution amid headwinds in the segment. First Published: Jul 09 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 09 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee appreciated by 7 paise to settle at 95.41 (provisional) against the US dollar on Thursday even as crude oil prices firmed up and the greenback strengthened in the global markets. A recovery in the stock markets and dollar selling by state-run lenders supported the local currency amid rising volatility triggered by the fresh escalation in the West Asia crisis. At the interbank foreign exchange market, the rupee opened lower by 4 paise at 95.52 against the US dollar and later traded in the range of 95.58 to 95.28 during the day. It settled at 95.41 (provisional), up 7 paise from the previous close. The rupee had declined by 52 paise to settle at 95.48 against the US dollar on Wednesday. Indian shares ended modestly higher on Thursday, after having fallen heavily in the previous session amid escalating hostilities in the Middle East. At the close of the market, the NSE Nifty 50 advanced 80.75 points (0.34%) to settle at 23,962.80, while the BSE Sensex gained 238.22 points (0.31%) to close at 76,741.82. First Published: Jul 09 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 15.05 crore shares as against 1.14 crore shares on offer. The issue opened for bidding on 8 July 2026 and it will close on 10 July 2026. The price band of the IPO is fixed between Rs 398 and 419 per share. An investor can bid for a minimum of 35 equity shares and in multiples thereof. The company plans to raise Rs 650 crore through the IPO, which consists entirely of an offer for sale of 1,55,13,126 shares at upper price band of Rs 419. The entire proceeds from the sale will go to promoter shareholders Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar, and Siddharth Yogesh Kusumgar HUF. Employees will receive a discount of Rs 39 per share on the final issue price. Kusumgar has reserved shares worth Rs 3.5 crore for eligible employees. Kusumgar is a leading manufacturer of engineered synthetic functional and performance fabrics used across aerospace & defence, industrial, automotive, and outdoor lifestyle applications. The company operates a vertically integrated manufacturing setup with facilities in Gujarat and Uttar Pradesh, enabling end-to-end production from weaving and coating to lamination and fabrication. It has developed over 1,000 fabric variants and derives a significant share of its revenue from both domestic and export markets, serving government and private sector customers. Ahead of the IPO, Kusumgar on Tuesday, 7 July 2026, raised Rs 193.94 crore from anchor investors. The board allotted 46.28 lakh shares at Rs 419 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 98.20 crore and sales of Rs 692 crore for the twelve months ended on 31 March 2026. First Published: Jul 09 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 09 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 09 2026 | 5:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 09 2026 | 5:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.28% to Rs 0.95 crore First Published: Jul 09 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India VIX slides 8.97% to 13.36. In the cash market, the Nifty 50 index rose 80.75 points or 0.34% to 23,962.80. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 8.97% to 13.36. Infosys, Kalyan Jewellers India and HDFC Bank were the top-traded individual stock futures contracts in the F&O segment of the NSE. The July 2026 F&O contracts will expire on 28 July 2026. First Published: Jul 09 2026 | 5:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Benchmark indices rebounded on Thursday after the previous session's sharp sell-off, supported by broad-based buying and improving global sentiment. The Nifty closed above the 23,950 mark as easing geopolitical concerns after US President Donald Trump said a renewed war with Iran was unlikely. Meanwhile, renewed FII buying in domestic shares, a steady rupee and optimism ahead of the Q1 earnings season lifted investor sentiment. Broader markets outperformed the benchmarks. PSU banks and consumer durables stocks led the gains. IT and auto shares, however, remained under pressure. The S&P BSE Sensex jumped 238.22 points or 0.31% to 76,741.82. The Nifty 50 index rose 80.75 points or 0.34% to 23,962.80. In the past two trading sessions, the Nifty and Sensex declined 2.25% and 2.28%, respectively. Sun Pharmaceutical Industries (up 2.78%), Bharti Airtel (up 2.49%) and HDFC Bank (up 0.83%) boosted the Nifty higher today. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 1.41% and the BSE 250 SmallCap Index added 1.69%. The market breadth was strong. On the BSE, 2,896 shares rose and 1,342 shares fell. A total of 190 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 8.97% to 13.36. Numbers to Track: In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.41 compared with its close of 95.48 during the previous trading session. In the commodities market, Brent crude for September 2026 settlement rose 44 cents or 0.56% to $78.46 a barrel. The yield on India's 10-year benchmark federal paper declined 0.24% to 6.750 compared with the previous session close of 6.750. MCX Gold futures for 5 August 2026 settlement gained 0.51% to Rs 1,44,449. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.01% to 100.74. The United States 10-year bond yield rose 0.20% to 4.576. Global Markets: Most European and Asian markets advanced after mixed Chinese inflation data reinforced expectations of further policy support from Beijing. Investor sentiment was also supported by US President Donald Trump's remarks that a full-scale conflict with Iran was unlikely to resume, easing concerns over a prolonged disruption to global energy supplies. However, geopolitical tensions remained elevated after fresh US strikes on Iranian targets in response to attacks on commercial shipping in and around the Strait of Hormuz. China's annual inflation eased to 1.0% in June 2026 from 1.2% in May, below market expectations of 1.1%, marking the slowest pace in three months. Consumer prices fell 0.3% month-on-month, while core inflation eased to 1.0% year-on-year. Overnight, Wall Street ended lower as investors rotated out of artificial intelligence-linked stocks and oil prices advanced. The Dow Jones Industrial Average fell 0.25% to 52,925.15 after touching a record intraday high. The S&P 500 declined 0.45% to 7,503.85, while the Nasdaq Composite dropped 1.16% to 25,818.69. Stocks in Spotlight: Tata Consultancy Services rose 0.07%. The IT major reported revenue of Rs 72,275 crore for Q1 FY27, up 13.9% year-on-year and 2.2% quarter-on-quarter. Operating margin stood at 24.0%, while net income increased 8.5% YoY to Rs 13,849 crore, excluding exceptional items. Net margin came in at 19.2%, while net cash from operations stood at Rs 12,412 crore, equivalent to 93% of net income. The company declared an interim dividend of Rs 12 per share, with the record date fixed as 15 July 2026 and payment scheduled for 31 July 2026. Its workforce stood at 593,798, while last twelve months (LTM) attrition in the IT services business was 13.6%. The company's total contract value (TCV) declined to $9.5 billion in Q1 FY27 from $12 billion in Q4 FY26. Dr Reddy's Laboratories tumbled 5.77% after the company said commercial supplies of certain batches of its semaglutide product will be delayed following a quality-related issue involving the active pharmaceutical ingredient (API). Semaglutide is widely used for the treatment of type 2 diabetes and obesity. The company said certain batches of semaglutide were found to be out of specification due to an issue associated with the API used in the product. It is currently investigating the root cause and taking appropriate corrective measures to ensure product quality. Premier Energies rallied 4.42% after inaugurating its 5.6 GW solar module manufacturing facility at Seetharampur, Telangana. The company also broke ground for a 6 GWh Battery Energy Storage System (BESS) facility and an 18,000 MT per annum aluminium frames plant. The Phoenix Mills added 3.34% after the company reported a strong operational performance across its retail, commercial office, hospitality and residential businesses for the quarter ended June 2026 (Q1 FY27). The company's retail portfolio continued to deliver robust growth, with consumption rising 32% year-on-year (YoY) to Rs 4,727 crore during the quarter Sathlokhar Synergys E&C Global rose 2.47% after the company secured fresh confirmed orders worth approximately Rs 75.52 crore. Delhivery rose 2.67% to Rs 515.20 after foreign brokerage reiterated its 'Buy' rating on the stock and raised its target price to Rs 610 from Rs 560. UNO Minda added 2.22% to Rs 1,157 after a domestic research firm initiated coverage on the company with a 'buy call and a target price of Rs 1,406. Rajesh Power Services rose 3.76% after the company secured a Rs 653.12 crore turnkey contract from Paschim Gujarat Vij Company (PGVCL). The contract involves converting existing 11kV HT and LT overhead power lines into an underground cable network. It also includes the installation of a ring main system, GIS mapping and asset tagging. The work will be carried out across the Bhavnagar, Anjar, Junagadh and Porbandar circles in Gujarat. IRB Infrastructure Developers added 1.40% after the company's IRB Group reported an approximately 28% year-on-year (YoY) increase in toll revenue to Rs 808 crore in June 2026. Initial Public Offer (IPO): Kusumgar received bids for 14,57,28,345 shares as against 1,14,68,094 shares on offer, according to stock exchange data at 18:39 IST on 9 July 2026. The issue was subscribed 12.71 times. The issue opened for bidding on 08 July 2026 and will close on 10 July 2026. The price band of the IPO is fixed between Rs 398 and 419 per share. Laser Power & Infra received bids for 38,67,500 shares as against 2,55,86,207 shares on offer, according to stock exchange data at 18:39 IST on 9 July 2026. The issue was subscribed 0.15 times. The issue opened for bidding on 09 July 2026 and will close on 13 July 2026. The price band of the IPO is fixed between Rs 203 and 214 per share. First Published: Jul 09 2026 | 5:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 09 2026 | 5:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 13.93% to Rs 72275.00 crore First Published: Jul 09 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investor sentiment improved after gains in US semiconductor and memory chip stocks overnight. Market confidence was also supported by reports that South Korean chipmaker SK Hynix's US listing was more than seven times oversubscribed, reflecting strong investor interest in artificial intelligence (AI) infrastructure. Meanwhile, US private equity firm Bain Capital sold its entire stake in Japanese flash memory maker Kioxia Holdings. Despite the stake sale, Kioxia's shares climbed more than 8% during the trading session. Among major technology stocks, Murata Manufacturing gained 5%, Advantest rose 5.9%, Tokyo Electron advanced 5.5%, and Fujikura added 2.4%. First Published: Jul 09 2026 | 4:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The PBOC said it would keep monetary policy appropriately accommodative and increase financial support to boost domestic consumption, while acknowledging the gap between strong production and weak consumer demand. The central bank kept interest rates and the reserve requirement ratio (RRR) unchanged, focusing instead on improving its policy framework and transmission. On the economic front, China's annual consumer inflation eased to 1% in June from 1.2% in May, marking a three-month low. Meanwhile, producer inflation accelerated to 4.1% from 3.9%, reaching its highest level since July 2022. Technology and semiconductor stocks led the market gains. Cambricon Technologies rose 8.59%, Hygon Information Technology gained 5.97%, SMIC advanced 13.74%, GigaDevice Semiconductor climbed 10%, Zhongji Innolight added 5.9%, Eoptolink Technology increased 6.78%, and NAURA Technology rose 9.49%. First Published: Jul 09 2026 | 4:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 09 2026 | 4:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brahmaputra Infrastructure (BIL) added 3.22% to Rs 169.85 after it has emerged as the lowest bidder (L1) for a railway infrastructure contract worth Rs 137.60 crore in a joint venture with HBMCPL. The company, in a joint venture with HBMCPL, has secured the L1 position for Tender No. CE-CON-KJG-EPC-2026-03 floated by Northeast Frontier Railway Construction (NFR-CONST). The Hybrid EPC contract involves earthwork in formation and cutting, blanketing, construction of RCC boxes, RCC and PCC drains, retaining walls and toe walls, nine minor bridges, and one Road over Bridge (ROB). The project also includes railway electrification works such as design, supply, erection, testing and commissioning of Overhead Equipment (OHE), electrical (general) works, and signalling and telecom systems. The project covers the stretch from Kokrajhar station (excluding) to CH-4.100 and from Salakati station (excluding) to CH-0.400, forming the starting section of the proposed KokrajharGelephu cross-border railway corridor. The 69-km railway link will connect the Indian rail network with Gelephu in Bhutan and is being developed under the IndiaBhutan inter-governmental MoU signed in September 2025. The corridor has an estimated project cost of around Rs 3,456 crore and is among the key cross-border rail connectivity projects planned in Northeast India. The order marks the BIL-HBMCPL JVs position as the first contractor of record on the KokrajharGelephu corridor. The company said the early involvement will enable it to establish operational presence, build execution experience, and participate in future project packages expected to be awarded by NFR-CONST as the railway line progresses toward Gelephu. The contract, awarded by a domestic government entity, will be executed over a period of two years. The project is not a related party transaction and does not involve any interest of the promoter, promoter group, or group companies in the awarding authority. Brahmaputra Infrastructure operates in the EPC and real estate development sectors, undertaking projects across bridges, highways, flyovers, airports, tunnels, buildings, and mining infrastructure. First Published: Jul 09 2026 | 4:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vedanta Oil & Gas rallied 3.80% to settle at Rs 37.96 after media reports stated that the Delhi High Court cleared the enforcement of a $99 million foreign arbitral award by rejecting the central government's objections. Before the Delhi High Court, the Central government argued that the arbitral tribunal had rewritten the PSC by reducing the government's share of profit petroleum by $99 million. It also contended that the award was contrary to India's public policy and should not be enforced. Vedanta Oil and Gas (VOGL) is an oil and gas exploration and production company operating under the Cairn brand. The company holds interests in 44 blocks spanning more than 47,000 square kilometres of acreage across India. For the full year basis, the company standalone net loss widened to Rs 190.51 crore in FY26 compared with net loss of Rs 188.09 crore posted in FY25. Net sales declined 59.6% YoY to Rs 353.83 crore in FY26. First Published: Jul 09 2026 | 4:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From Paschim Gujarat Vij Company First Published: Jul 09 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 09 2026 | 4:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As per provisional closing data, the S&P BSE Sensex jumped 238.22 points or 0.31% to 76,741.82. The Nifty 50 index rose 80.75 points or 0.34% to 23,962.80. In the past two trading sessions, the Nifty and Sensex declined 2.25% and 2.28%, respectively. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 1.41% and the BSE 250 SmallCap Index added 1.69%. The market breadth was strong. On the BSE, 2,916 shares rose and 1,323 shares fell. A total of 177 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 8.97% to 13.36. Buzzing Index: The Nifty Realty index rose 3.64% to 907.80. The index fell 3.45% in the past two trading sessions. Lodha Developers (up 7.17%), Brigade Enterprises (up 6.07%), Anant Raj (up 4.45%), DLF (up 4.03%), Aditya Birla Real Estate (up 3.81%), Phoenix Mills (up 3.42%), Godrej Properties (up 2.55%), Prestige Estates Projects (up 2.31%), Sobha (up 1.43%) and Oberoi Realty (up 0.17%) jumped. Initial Public Offer (IPO): Kusumgar received bids for 13,10,41,050 shares as against 1,14,68,094 shares on offer, according to stock exchange data at 13:50 IST on 09 July 2026. The issue was subscribed 11.43 times. The issue opened for bidding on 08 July 2026 and will close on 10 July 2026. The price band of the IPO is fixed between Rs 398 and 419 per share. An investor can bid for a minimum of 39 equity shares and multiples thereof. Laser Power & Infra received bids for 33,57,130 shares as against 2,55,86,207 shares on offer, according to stock exchange data at 13:50 IST on 09 July 2026. The issue was subscribed 0.13 times. The issue opened for bidding on 09 July 2026 and will close on 13 July 2026. The price band of the IPO is fixed between Rs 203 and 214 per share. An investor can bid for a minimum of 70 equity shares and multiples thereof. Stocks in Spotlight: Premier Energies rallied 4.19% after inaugurating its 5.6 GW solar module manufacturing facility at Seetharampur, Telangana. The company also broke ground for a 6 GWh Battery Energy Storage System (BESS) facility and an 18,000 MT per annum aluminium frames plant. Antony Waste Handling Cell rose 0.85%. The company reported a serious incident at its waste-to-energy (WTE) facility in Pimpri Chinchwad, Pune. The company said a waste mound outside the plant, destabilised by continuous and exceptionally heavy rainfall, collapsed onto the administration building during the afternoon, causing the structure to cave in. Dr Reddy's Laboratories tumbled 5.85% after the company said commercial supplies of certain batches of its semaglutide product will be delayed following a quality-related issue involving the active pharmaceutical ingredient (API). Semaglutide is widely used for the treatment of type 2 diabetes and obesity. The company said certain batches of semaglutide were found to be out of specification due to an issue associated with the API used in the product. It is currently investigating the root cause and taking appropriate corrective measures to ensure product quality. The Phoenix Mills added 3.26% after the company reported a strong operational performance across its retail, commercial office, hospitality and residential businesses for the quarter ended June 2026 (Q1 FY27). The company's retail portfolio continued to deliver robust growth, with consumption rising 32% year-on-year (YoY) to Rs 4,727 crore during the quarter Rajesh Power Services rose 3.76% after the company secured a Rs 653.12 crore turnkey contract from Paschim Gujarat Vij Company (PGVCL). The contract involves converting existing 11kV HT and LT overhead power lines into an underground cable network. It also includes the installation of a ring main system, GIS mapping and asset tagging. The work will be carried out across the Bhavnagar, Anjar, Junagadh and Porbandar circles in Gujarat. JSW Steel rose 0.74%. The company reported consolidated crude steel production of 6.59 million tonnes (MnT) for the first quarter of FY27, registering a 3% year-on-year (YoY) growth compared with the corresponding period last year. IRB Infrastructure Developers added 1.30% after the company's IRB Group reported an approximately 28% year-on-year (YoY) increase in toll revenue to Rs 808 crore in June 2026. Global Markets: European shares traded higher, while Asian markets ended mixed despite renewed U.S.-Iran tensions. China's annual inflation eased to 1.0% in June 2026 from 1.2% in May, below market expectations of 1.1%, marking the slowest pace in three months. Consumer prices fell 0.3% month-on-month, while core inflation eased to 1.0% YoY. The U.S. launched fresh strikes on Iran in response to Tehrans attacks on commercial shipping in and around the Strait of Hormuz, U.S. Central Command said Wednesday afternoon. Earlier in the day, President Donald Trump said he may no longer be interested in negotiating a deal with Iran. Prior to that, he said that the ceasefire between the U.S. and Tehran is over after another wave of attacks in the Middle East. Overnight on Wall Street, the Dow Jones Industrial Average pulled back from record levels on Tuesday as investors once again appeared to rotate out of names tied to artificial intelligence and as oil prices advanced. The 30-stock index lost 130.76 points, or 0.25%, after earlier hitting a new all-time intraday high. Ultimately, the Dow closed at 52,925.15. The Nasdaq Composite fell 1.16% to 25,818.69. The S&P 500 slid 0.45% to end at 7,503.85. First Published: Jul 09 2026 | 4:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Srinivasan will lead the development, integration, and scaling of Hexaware's platform portfolio, which includes Amaze for cloud modernization, RapidX for AI-accelerated software engineering, Tensai for agentic IT operations, and Agentverse for enterprise AI agents. He will also deepen the company's work with its AI ecosystem partners across the AI-native software development lifecycle. Additionally, he will oversee the roadmap, governance, and enterprise-scale adoption of Hexaware's unified platform portfolio. First Published: Jul 09 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 09 2026 | 3:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Datamatics Global Services advanced 2.62% to Rs 865 after the company announced that it has been selected by a leading North American transportation and logistics company to implement an enterprise-wide Salesforce CRM platform. The engagement involves deploying Salesforce Sales Cloud across the client's operations to strengthen customer relationship management, improve sales visibility, and enhance customer engagement. The project also includes migration of legacy customer records, integration with the client's core enterprise applications, and implementation of customized business processes, account hierarchies, and executive dashboards tailored to the customer's operational requirements. The integrated CRM platform is expected to provide real-time visibility into customer relationships, sales opportunities, and service interactions, enabling faster decision-making and improved operational efficiency. In addition, the integration of Salesforce with the client's existing enterprise applications will facilitate seamless data exchange, reduce manual processes, and create an AI-ready digital ecosystem to support future automation and analytics initiatives. Rahul Kanodia, vice chairman and CEO, Datamatics, said: "Datamatics is a trusted partner to several global transportation and logistics providers in their digital transformation journey. With deep domain expertise and as a Salesforce Platinum Partner, we are well-positioned to successfully implement Salesforce CRM solutions that drive operational excellence, enhance customer experiences, and enable long-term business growth." Datamatics Global Services provides solutions for data-driven businesses to enhance their productivity and customer experience. The company offers its services under three verticals, viz., digital operations, digital experience, and digital technology. The company has also developed products in robotics process automation, advanced analytics, business intelligence, and automated fare collection. The company had reported 1.45% fall in consolidated net profit to Rs 44.21 crore despite a 4.45% rise in revenue to Rs 519.26 crore in Q4 FY26 as compared with Q4 FY25. First Published: Jul 09 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GM Breweries rose 1% to Rs 969.20 after the company reported a 45.9% increase in standalone net profit to Rs 37.74 crore for the first quarter ended 30 June 2026, compared with Rs 25.86 crore in the corresponding quarter of the previous year. On a sequential basis, standalone net profit declined 30.2%, while revenue from operations slipped 1.35% compared with the preceding quarter. Total expenses rose 24.6% to Rs 758.02 crore in Q1 FY27 from Rs 608.58 crore in the year-ago quarter. Raw material consumption increased 14.2% year-on-year to Rs 138.25 crore, while employee benefit expenses declined 6.5% to Rs 2.95 crore during the period. Profit before tax (PBT) for the quarter stood at Rs 50.43 crore in Q1 FY27, up 45.9% from the Rs 34.56 crore reported in Q1 FY26. GM Breweries is engaged in the manufacturing and marketing of alcoholic beverages, including country liquor (CL) and Indian-made foreign liquor (IMFL). The company is the largest producer of country liquor in Maharashtra and commands a significant share of the states market. First Published: Jul 09 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to the state government, UP farmers are currently consuming an average of 15,251 tonnes of urea, 3,141 tonnes of DAP, and 1,094 tonnes of NPK per day First Published: Jul 09 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
UNO Minda added 2% to Rs 1154.20 after a domestic research firm initiated coverage on the company with a 'buy' call and a target price of Rs 1,406. The target price implies an upside of 24.25% to the scrips previous closing price of Rs 1131.60 recorded on the BSE yesterday. The domestic brokerage reportedly said that the company is emerging as one of the key beneficiaries of structural growth trends in the industry, such as premiumization and EV transition, which are driving a steady rise in content per vehicle (CPV) for Uno Minda over the years. The brokerage reportedly expects the company to deliver a compound annual growth rate (CAGR) of 19% in revenue, 20% in EBITDA and 23% in profit after tax (PAT) over FY26-28. The research house also reportedly expects Uno Minda to remain free cash flow (FCF) positive over FY26-28 despite higher capital expenditure. Consequently, it estimates the company's net debt will decline to Rs 1,780 crore by FY28 from Rs 2,150 crore in FY26, media reports said. Uno Minda is a global technology leader in auto component and systems manufacturing, supplying leading OEMs in the world. They design and manufacture over 28 categories of components and systems for vehicles across all segments (passenger cars, commercial vehicles, and two- and three-wheelers), catering to both internal combustion engines (ICE) and electric/hybrid vehicles. The company had reported 22.39% increase in consolidated net profit to Rs 325.81 crore on a 17.85% increase in revenue to Rs 5,336.41 crore in Q4 FY26 as compared with Q4 FY25. First Published: Jul 09 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 14.73% to Rs 77.52 crore First Published: Jul 09 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 09 2026 | 3:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indus Towers shares gain 3% after Nomura reiterates 'Buy'; sees 30% upside First Published: Jul 09 2026 | 3:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
State Bank of India (SBI) First Published: Jul 09 2026 | 12:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dr Reddy's did not specify until when the supply issues would last and did not disclose further details Dr Reddy's Laboratories said on Thursday that it is delaying commercial supplies of semaglutide due to an issue related to the active pharmaceutical ingredient used in ?the drug, sending its shares down. Semaglutide is the key ingredient in Novo Nordisk's blockbuster diabetes and obesity medicines. Dr Reddy's has also launched its semaglutide injection, Obeda, in India to treat diabetes. The Indian drugmaker said that certain batches of semaglutide were found to be out of specification and that it is investigating the ?root cause and taking measures to ensure product quality. "There is no impact on patient safety or on the product's existing global regulatory filings," Dr Reddy's said in a statement. Dr Reddy's did not specify until when the supply issues would last and did not disclose further details. Its shares were trading 1.8 per cent lower ?at 1,324 rupees at 10:20 a.m. IST, while the pharma index was up 1.8 per cent and ?Nifty 50 was 0.6 per cent higher. More than half a dozen ?Indian drugmakers have launched lower-cost copies of Novo Nordisk's Ozempic and Wegovy, vying for a share ?of the fast-growing global obesity treatment market. Demand for the drugs has plateaued in June, according to research firm Pharmarack. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 09 2026 | 12:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 09 2026 | 12:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 09 2026 | 12:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sathlokhar Synergys E&C Global rose 3.13% to Rs 313 after the company secured fresh confirmed orders worth approximately Rs 75.52 crore. The newly secured orders are scheduled to be executed over the next three to nine months and are expected to strengthen the company's revenue visibility for the current financial year. The largest order, valued at Rs 40.59 crore, was awarded by High Glory Footwear India, a subsidiary of Taiwan-based Pou Chen Corporation, for the execution of mechanical, electrical and plumbing (MEP) works at its proposed factory in Tamil Nadu. The company also received a Rs 25.55 crore order from Grand Atlantia Panapakkam SEZ Developers, part of Taiwan's Hong Fu Industrial Group, for MEP works at its footwear manufacturing facility in Ranipet, Tamil Nadu. In addition, Sathlokhar Synergys secured a Rs 19.48 crore civil works contract from Anabond, a Rs 1.22 crore civil works order from Reliance Consumer Products for its Campa Cola project in Karnataka, and a Rs 2.26 crore electrical works contract from Karaikal Iyangars Foods in Puducherry. The company said all the contracts were awarded by domestic entities in the normal course of business. Sathlokhar Synergys E&C Global provides engineering, procurement and construction (EPC) services across infrastructure, industrial warehouses, commercial and residential real estate, IT parks and turnkey projects. The company also offers MEP design consultancy, civil, structural, mechanical and electrical contracting, renovation services, and executes renewable energy projects, including solar EPC contracts. On a standalone basis, Sathlokhar Synergys E&C Global's net profit rose 64.64% to Rs 30.26 crore while net sales rose 48.91% to Rs 277.37 crore in Q4 March 2026 over Q4 March 2025. First Published: Jul 09 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Om Power Transmission added 3.16% to Rs 176.05 after it has received a turnkey contract worth Rs 82.17 crore, from Paschim Gujarat Vij Company (PGVCL). The order involves the conversion of the existing 11 kV high-tension (HT) line and low-tension (LT) line network, including consumer service lines, into an underground cable network with a Ring Main System at Kaliabid Subdivision (Part-2) of Bhavnagar Circle. The contract has been awarded by a domestic entity and is scheduled to be executed within 18 months from the commencement period of 45 days after receipt of the Notice of Award (NOA). Om Power Transmission said the promoter group or group companies have no interest in the awarding entity and the contract does not fall under related party transactions. Om Power Transmission operates as an engineering, procurement, and construction (EPC) company focused on power transmission infrastructure. On the financial front, the company reported a 36.48% year-on-year increase in standalone net profit to Rs 16.65 crore for the quarter ended March 2026, compared with Rs 12.20 crore in the corresponding quarter of the previous year. Revenue from operations rose 67.20% to Rs 174.62 crore from Rs 104.44 crore during the same period. First Published: Jul 09 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Team India Guaranty Ltd, Shankara Buildpro Ltd, D B Corp Ltd and TCI Express Ltd are among the other gainers in the BSE's 'B' group today, 09 July 2026. Team India Guaranty Ltd, Shankara Buildpro Ltd, D B Corp Ltd and TCI Express Ltd are among the other gainers in the BSE's 'B' group today, 09 July 2026. Master Trust Ltd spiked 15.21% to Rs 92.85 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 4.41 lakh shares were traded on the counter so far as against the average daily volumes of 1.77 lakh shares in the past one month. Team India Guaranty Ltd soared 14.96% to Rs 249. The stock was the second biggest gainer in 'B' group. On the BSE, 1693 shares were traded on the counter so far as against the average daily volumes of 151 shares in the past one month. Shankara Buildpro Ltd surged 13.82% to Rs 1204.8. The stock was the third biggest gainer in 'B' group. On the BSE, 34128 shares were traded on the counter so far as against the average daily volumes of 10505 shares in the past one month. D B Corp Ltd gained 13.61% to Rs 224.15. The stock was the fourth biggest gainer in 'B' group. On the BSE, 1.76 lakh shares were traded on the counter so far as against the average daily volumes of 4843 shares in the past one month. TCI Express Ltd jumped 13.56% to Rs 566. The stock was the fifth biggest gainer in 'B' group. On the BSE, 1.37 lakh shares were traded on the counter so far as against the average daily volumes of 14399 shares in the past one month. First Published: Jul 09 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Markets rebound: Sensex soars 820pts intraday, Nifty at 24,137; key reasons First Published: Jul 09 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dr Reddy's share price plunged 6% in Thursday's intra-day deals amid concerns over a batch of semaglutide drugs. First Published: Jul 09 2026 | 12:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JSW Steel reported consolidated crude steel production of 6.59 million tonnes (MnT) for the first quarter of FY27, registering a 3% year-on-year (YoY) growth compared with the corresponding period last year. Production from Indian operations stood at 6.35 MnT in Q1 FY27, compared with 6.14 MnT in Q1 FY26, marking a 3% YoY increase. Production at JSW Steel USA - Ohio was recorded at 0.24 MnT during the quarter. On a sequential basis, consolidated crude steel production increased 2% from 6.48 MnT in Q4 FY26. JSW Steel said YoY growth was impacted by the shutdown of Blast Furnace 3 (BF3) at its Vijayanagar facility for capacity upgradation. The furnace resumed hot metal production on June 23, 2026. Excluding the impact of the BF3 shutdown from the previous years base, Q1 FY27 crude steel production grew around 15% YoY, supported by the full ramp-up of JSW Vijayanagar Metallics (JVML) operations and improved utilisation at the Dolvi unit. The capacity utilisation of Indian operations stood at around 94% during Q1 FY27, excluding the BF3 capacity that remained under shutdown. The company noted that production figures for previous periods have been adjusted following the transfer of the steel business undertaking of Bhushan Power and Steel (BPSL) to JSW-JFE Steel, a joint venture company, in March 2026. JSW Steel is engaged in the manufacture and sale of iron and steel products and is the flagship business of the diversified JSW Group, which has interests across energy, infrastructure, cement, paints, sports, and venture capital. JSW Steel had reported a consolidated net profit of Rs 16,370 crore in Q4 FY26, compared with Rs 1,503 crore in the corresponding period last year. Revenue from operations increased 14.19% YoY to Rs 51,180 crore for the quarter ended March 31, 2026. Shares of JSW Steel rose 0.23% to Rs 1,222.25 on the BSE. First Published: Jul 09 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brent crude surged above $78 and briefly topped $80 as fears of a prolonged Iran conflict rattled markets, lifting Treasury yields, pressuring housing and travel stocks and outweighing gains in Nvidia, Broadcom and other AI-linked shares. The S&P 500 fell as much as 1.1% after Trump said the ceasefire agreement was over, but the index then trimmed its loss to 0.3% after Trump said recent fighting did not mean a return to full-scale war. The Dow Jones Industrial Average dropped 576 points, or 1.1%, while the Nasdaq composite rose 0.2% after erasing an early loss. The action was stronger in the oil market where the price for a barrel of Brent crude climbed 5.2% to $78.02 and briefly topped $80. Thats still below its peak from earlier in the war, when the price for the most actively traded contract reached nearly $120 but the jump is unsettling because oil prices had just dropped back to where they were before the war. The continuation of the war will block the Strait of Hormuz and prevent the delivery of crude from the Persian Gulf to customers worldwide. That could worsen inflation, which economists expected would ease with oil prices and in turn force the Federal Reserve and other central banks to raise interest rates. Higher rates can keep a lid on inflation but they also slow the economy and hurt prices for all kinds of investments. Stocks of companies in the housing industry helped lead the way lower. They were hurt by worries that rising Treasury yields in the bond market will mean higher rates for mortgages and chill the industry. Builders FirstSource which sells countertops, windows and other building supplies, fell 5.4%. Homebuilders PulteGroup fell 5.4% and D.R. Horton sank 4.6%. Companies with big fuel bills also sank. American Airlines lost 4%, and cruise operator Carnival fell 3.9%. Helping to offset those losses was a steadying for some influential stocks in the artificial-intelligence industry. Theyve been under pressure in recent weeks on worries that their prices shot too high and that AI may not produce enough productivity and profits to make all the investments in chips and data centers worth it. Their swings carry a lot of weight on Wall Street because AI stocks have grown into some of the U.S. markets biggest, giving their movements more effect on the S&P 500 than other stocks. Nvidia rose 3.7% and was the strongest force pushing upward on the S&P 500 because its the largest stock on Wall Street. Broadcom followed it climbing 4.8% after Apple announced a multiyear commitment where Broadcom will design and produce custom components for its products. Apple said the agreements value could top $30 billion. In Asia, South Koreas Kospi dropped 5.3% and continued its sharp swings amid seesawing worries and euphoria about the AI stocks that dominate its market. Hong Kongs Hang Seng index was an outlier and rose 3%. Shares that trade there of Chinese AI startup Zhipu, known also as Z.ai and traded as Knowledge Atlas Technology, jumped 13.4%. European markets turned sharply lower after Trump said, For me, I think its over about the status of the ceasefire. He added that U.S. representatives can continue negotiations, but I think theyre wasting their time. Germanys DAX lost 2.2%, and Frances CAC 40 sank 2.2%. In the bond market, Treasury yields rose with the price of oil. The yield on the 10-year Treasury briefly got near 4.60% before pulling back to 4.57%. Thats up from 4.55% late Tuesday and from just 3.97% before the war with Iran began. First Published: Jul 09 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JSW Steel reported consolidated Crude Steel production for the first quarter of FY 2026-27 at 6.59 million tonnes, higher by 2% on QoQ basis and 3% on YoY basis. Blast Furnace 3 (BF3) of Vijayanagar, was under shutdown for upgradation of capacity, started hot-metal production from 23rd June 2026. The Crude steel production growth for the quarter remained at 3% YoY, mainly due to the BF3 shutdown. Excluding BF3 production impact from last year's base, Q1 FY27 volumes grew ~15% YoY, driven by full ramp-up of JVML operations and improved utilisation at Dolvi Unit. The capacity utilisation for Indian operations for Q1 FY27 (excluding BF3 capacity under shutdown) was at ~94%. First Published: Jul 09 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jewellery-related stocks surged up to 9% in Thursday's trading session. First Published: Jul 09 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 09 2026 | 10:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee slumped further in opening trades on Thursday as international crude oil prices rebounded as US President reportedly threatened to bomb Iran for a second day and reimpose the US naval blockade in retaliation for attacks on tankers transiting the Strait of Hormuz. US President Donald Trump said the ceasefire with Iran has ended, stoking concerns that a renewal of war could again drive inflation and push up interest rates. This could reinforce expectations that the US Federal Reserve (Fed) may keep interest rates higher for longer to combat stubborn inflation. INR opened at Rs 95.52 per dollar and hit a low of 95.58 so far during the day. Yesterday, rupee tanked 59 paise to settle at 95.55 against the US dollar. The Indian stock market also suffered a massive crash, with the NSE Nifty 50 plunging 516.65 points (2.12%) to close at 23,882.05, while the BSE Sensex tanked 1,677.12 points (2.15%) to settle at 76,503.60. Local markets are however recovering from the sharp sell-off in the previous session. The BSE Sensex is trading around 77,100, and the NSE Nifty 50 is trading above 24,000. First Published: Jul 09 2026 | 10:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IRB Infrastructure Developers added 1.80% to Rs 20.35 after the company's IRB Group reported an approximately 28% year-on-year (YoY) increase in toll revenue to Rs 808 crore in June 2026. Amitabh Murarka, Deputy CEO, IRB Infrastructure Developers, said, Our record-breaking monthly toll revenue is a testament to the strength and resilience of our business model. Consistent traffic growth, tariff revisions, and strategic asset expansion have enabled us to deliver robust performance while maintaining operational excellence. As we look ahead, we remain focused on disciplined capital allocation and value-accretive investments to drive sustainable long-term growth for our shareholders IRB Infrastructure Developers is India's first integrated multinational transport infrastructure developer in the roads & highways segment. The company has a strong track record of constructing, tolling, operating, and maintaining around 21,500 lane kms pan-India in its existence of more than 30 years in India. The company reported a 37.97% year-on-year rise in consolidated net profit to Rs 296.26 crore in Q4 FY26, compared with Rs 214.72 crore posted in the corresponding quarter last year. However, revenue from operations declined 10.34% YoY to Rs 1,927 crore in the quarter ended 31 March 2026. First Published: Jul 09 2026 | 10:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Delhivery rose 2.22% to Rs 512.95 after foreign brokerage reiterated its 'Buy' rating on the stock and raised its target price to Rs 610 from Rs 560. The brokerage expects express parcel volumes to remain robust and said there has been no material change in e-commerce platform Meesho's plans to expand in-house logistics operations. This eases concerns over potential business loss for third-party logistics providers. The broker also expects the company's part-truckload (PTL) business to sustain its growth momentum, while the supply chain services (SCS) segment is likely to accelerate, although it expects some near-term margin pressure. Delhivery is India's largest fully-integrated logistics services provider. With its nationwide network covering over 18,850 pin codes, the company provides a wide range of logistics services such as express parcel transportation, PTL freight, TL (Truckload) freight, cross-border, supply chain, and technology services. The logistics company reported a marginal 0.22% year-on-year decline in consolidated net profit to Rs 72.39 crore in Q4 FY26 from Rs 72.55 crore a year earlier. Revenue from operations rose 30.04% YoY to Rs 2,849.99 crore. First Published: Jul 09 2026 | 10:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 09 2026 | 10:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 09 2026 | 10:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India remains among the fastest growing major economies, with growth projected at 6.4 percent in fiscal year 2027, a tad slower than the 6.5 per cent projected in April, supported by strong momentum in private consumption and services activity, IMF noted in its latest update. IMFs flagship biannual report, the World Economic Outlook Update said that the projected performance of Indian economy is supported by strong momentum in private consumption and services activity. The IMF, in its update projected India to grow at 6.7 per cent in fiscal year 2028, an increase of 20 basis points from the 6.5 per cent growth projected in April. First Published: Jul 09 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Appoints Eric Lind as Country Head - United States Mobavenue Global Holdings, a wholly owned subsidiary of Mobavenue AI Tech (MATL), has established its U.S. office and commenced operations in the United States through Mobavenue LLC. This marks an important milestone in MATL's ongoing international expansion strategy and further strengthens its presence across one of the world's largest digital advertising markets. As part of this expansion, the Company has appointed Eric Lind as Country Head - United States to lead its business operations and market expansion in the region. Eric brings more than 20 years of experience across AdTech and consumer growth platforms. Prior to joining Mobavenue, he held leadership roles at Adikteev, REMERGE, and Top Inc., bringing extensive industry experience to the company's U.S. operations First Published: Jul 09 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian shares climbed on Thursday as semiconductors got a respite from heavy selling, though gains were capped by a surge in oil prices as a resumption of hostilities in the Gulf reignited inflation fears and hammered bonds. Oil prices rose for a third straight session after President Donald Trump said the interim agreement with Iran to end the war was "over". U.S. military also launched fresh ?strikes on Iran for a second day to open the Strait of Hormuz, although Trump later said he did not expect a return to a full-fledged war, helping soothe concerns. Brent crude futures rose 0.8 per cent to $78.65 a barrel and were up 9 per cent this week to cross above $80 a barrel for the first time since June 22. That knocked global bond markets and boosted bets that the Federal Reserve will have to raise interest rates this year to tame inflation, with Fed funds futures now implying 38 basis points of policy tightening this year, back to where they were a week ago. Wall Street initially fell on Trump's comments but climbed off session lows, with the Nasdaq eking out a small gain of 0.2 per cent. Chip giant Nvidia rallied 3.6 per cent after media reports that China plans to allow its top AI ?firms to buy a limited number of the company's H200 chips. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8 per cent, while Japan's Nikkei climbed 2.3 per cent to break a three-day losing streak. South Korea's KOSPI jumped 3.8 per cent, driven by a 3.6 per cent rise in Samsung and a 7.5 per cent surge in SK Hynix as investors bought into the recent sell-off in chipmakers. Wall Street futures were flat in Asia, while Europe's pan-region stock futures rallied 0.9 per cent. "At this stage, the market still appears skewed towards the view that the (Iran) conflict ultimately de-escalates, and negotiations resume around the Memorandum of Understanding," said Chris Weston, head of research at Pepperstone. "Nevertheless, traders understand the need to remain open-minded. The situation remains highly fluid, and conviction around timing is exceptionally difficult." Minutes released by the ?Fed showed concern about mounting inflation among policymakers as a few participants said there was already a case to raise borrowing costs, before ultimately agreeing with their colleagues to hold rates steady last month. The global bond rout deepened in Asia. The yield ?on 10-year Japanese government bonds rose 1.5 basis points (bps) to 2.880 per cent, the highest since September 1996, while Australia's 10-year government bond yields ?increased 4 bps to 4.924 per cent, the highest since early June. The benchmark 10-year U.S. Treasury yields climbed another 2 basis points to 4.5852 per cent on Thursday after rising 4 bps overnight. They were up 10 bps so far this week. The reaction ?in the currency markets was rather muted, with the dollar failing to hold on to its yield support and last down 0.2 per cent to 162.38 yen. That was not far from 40-year peaks of 162.84 as speculators remain wary of Japanese intervention. The ?euro edged up 0.1 per cent to $1.1428, while sterling also rose 0.1 per cent to $1.3401, just below a three-week peak of $1.341. Gold was flat at $4,079 an ounce. [GOL/] (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 09 2026 | 9:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 09 2026 | 9:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty July 2026 futures currently traded 18.00 points higher, suggesting a flat opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 1,962.80 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 790.16 crore in the Indian equity market on 08 July 2026, provisional data showed. The FIIs have bought shares worth Rs 2,502.03 crore so far in July (till 08 July 2026). This contrasts with their cash sales of Rs 49,028.63 crore in June, Rs 55,963.33 crore in May and Rs 70,135.46 crore in April. Global Markets: Asian markets traded mostly lower on Thursday as renewed U.S.-Iran tensions and a jump in oil prices dampened the investor sentiment. The U.S. launched fresh strikes on Iran in response to Tehrans attacks on commercial shipping in and around the Strait of Hormuz, U.S. Central Command said Wednesday afternoon. Earlier in the day, President Donald Trump said he may no longer be interested in negotiating a deal with Iran. Prior to that, he said that the ceasefire between the U.S. and Tehran is over after another wave of attacks in the Middle East. Overnight on Wall Street, the Dow Jones Industrial Average pulled back from record levels on Tuesday as investors once again appeared to rotate out of names tied to artificial intelligence and as oil prices advanced. The 30-stock index lost 130.76 points, or 0.25%, after earlier hitting a new all-time intraday high. Ultimately, the Dow closed at 52,925.15. The Nasdaq Composite fell 1.16% to 25,818.69. The S&P 500 slid 0.45% to end at 7,503.85. Domestic Market: The benchmark indices extended their decline for a second straight session on Wednesday as weak global cues, a sharp spike in crude oil prices and escalating tensions in the Middle East triggered broad-based selling. The Nifty tumbled below the 23,900 mark, recording its steepest single-day decline since March 2026. All sectoral indices on the NSE ended in the red, with banks and financial stocks leading the losses, while the India VIX surged 26%, reflecting heightened market volatility. Renewed geopolitical concerns following fresh U.S.-Iran tensions and a risk-off sentiment weighed heavily on investor confidence. The S&P BSE Sensex tanked 1,677.12 points or 2.15% to 76,503.60. The Nifty 50 index lost 516.65 points or 2.12% to 23,882.05. First Published: Jul 09 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
S H Kelkar and Companys consolidated revenue grew 13.7% YoY to Rs 660 crore in Q1 FY27. As of June 30, 2026, net debt stood at approximately Rs 864 crore. Tata Steels crude steel production jumped 11% YoY to 5.82 million tons in Q1 FY27. Deliveries increased 9% YoY to 5.17 million tons in Q1 FY27. Phoenix Mills retail consumption stood at Rs 4,727 crore in Q1 FY27, up 32% YoY. Residential sales stood at Rs 64 crore and collections at Rs 51 crore in Q1 FY27. State Bank of India (SBI)'s subsidiary, SBI Funds Management filed a red herring prospectus (RHP) for its initial public offering (IPO) comprising an offer for sale (OFS) up to 20.37 crore shares (10% stake). Issue open on 14 July 2026 and closes on 16 July 2026. National Securities Depository (NSDL) received SEBI approval to invest an additional Rs 20 crore in India International Bullion Holding IFSC, while maintaining its 20% stake. First Published: Jul 09 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's largest asset manager, SBI Funds Management, is seeking a valuation of up to ?1.17 trillion ($12.24 billion) in its initial public offering opening next week, in what is set to be one of the country's largest IPOs this year. SBI Funds Management ?has set a price band of ?545 to ?574 ($5.70-$6.01) apiece for the three-day share sale that begins July 14, State Bank of India (SBI) said in an exchange filing late Wednesday. The stock is expected to list on Indian stock exchanges on July 21. The asset manager is a joint venture between the country's largest lender SBI and Europe's largest asset manager Amundi. The $1.22 billion IPO is expected to kick off a busy second half for share sales in India, with offerings from companies including Reliance Jio and ?the National Stock Exchange of India anticipated later this year. SBI Funds Management is not selling new shares in the IPO and will not receive any proceeds. SBI is selling up to 128.3 million shares, while Amundi India Holding will divest up to 75.4 million shares, together offloading about 10 per cent of SBI Funds Management's paid-up equity capital. A discount of ?54 per share will be given to employees of the company. Anchor investors will bid on July 13. The IPO has ?drawn interest from sovereign wealth funds including the Abu Dhabi Investment Authority and GIC, Reuters reported on Tuesday. The offering also comes amid renewed tensions in ?the Middle East that have driven up oil prices and clouded the outlook for ?global financial markets. SBI Funds Management oversaw assets worth ?12.5 trillion ($131.4 billion) as of the end of March, according to its prospectus. The targeted valuation ?would compare with market capitalisations of about $12.5 billion for HDFC Asset Management Company and about $17.2 billion for ICICI Prudential Asset Management Company. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 09 2026 | 9:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
CEAT announced that it has approved an investment of up to Rs 2.74 crore in its wholly owned subsidiary, Tyresnmore Online, by subscribing to its rights issue. The company will subscribe to 22,447 fully paid-up equity shares of Tyresnmore Online with a face value of Re 1 each. Following the investment, CEAT's shareholding in the subsidiary will continue to remain at 100%. CEAT, the flagship company of RPG Enterprises, was established in 1958. It is one of Indias tyre manufacturers and has a strong presence in global markets. The company produces more than 41 million high-performance tyres, catering to various segments like 2-3 wheelers, passenger and utility vehicles, commercial vehicles and off-highway vehicles. The companys consolidated surged over two-fold to Rs 243.85 crore in Q4 FY26 compared with Rs 99.49 crore in Q4 FY25. Net sales jumped 23.3% YoY to Rs 4,218.89 crore in Q4 FY26. The counter declined 1.52% to settle at Rs 3,855 on Wednesday, 8 July 2026. First Published: Jul 09 2026 | 8:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to Watch today: TCS, Tata Steel, GMR Airports, M&M, SBI, HFCL & more First Published: Jul 09 2026 | 8:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: At pre-open, the Nifty50 and the Sensex advanced while traders assessed the situation between the US and Iran. First Published: Jul 09 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices rose on Thursday after the US launched fresh strikes against Iran, denting hopes for an end to the Iran war and for the full reopening of the Strait of Hormuz, a ?chokepoint for one-fifth of pre-war global oil supplies. Brent crude futures rose 78 cents, or 1 per cent to $78.8 a barrel by 0054 GMT. US West Texas Intermediate crude futures were up 74 cents, or 1.01 per cent, at $74.26 a barrel. Both crude benchmarks, WTI and Brent, rose more than a dollar in post-settlement trade on Wednesday after the US military began launching fresh strikes on Iran. Before that, the benchmarks had settled at their highest in over two weeks after US President Donald Trump threatened ?fresh strikes against Iran as soon as Wednesday night. The US military said it was launching fresh strikes on Iran aimed at keeping the critical Strait of Hormuz open to traffic, hours after President Donald Trump declared that an interim agreement to end the war was "over". The rush of oil that passed through the strait in recent weeks is over for now, with shipowners expected to take a more cautious stance, IG analyst Tony Sycamore said ?in a note. The US said its latest round of attacks was in response to Tuesday's assault on three tankers transiting the strait. The ?US attacks rattled several cities along Iran's southern coast and left some areas ?without power. Iran said on Wednesday it attacked US military sites in Bahrain and Kuwait in response to earlier US strikes on infrastructure. Some war ?underwriters have advised shipping companies to pause voyages through the Strait of Hormuz, and others are reviewing their policy terms after Iran's renewed vessel attacks, insurance ?industry sources said on Wednesday. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 09 2026 | 7:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Q1FY27 aviation preview: Analysts advise watching crude and rupee impact First Published: Jul 09 2026 | 7:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 09 2026 | 7:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock market outlook, stock ideas by Teji Mandi on July 09, 2026. First Published: Jul 09 2026 | 7:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Flipkart Food Fest 2026 This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ashok Kumar Panda, Chairman and Managing Director, SAIL This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 09 2026 | 12:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 11:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 11:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
North Atlantic Treaty Organisation (Nato), NATO funding This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 11:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 11:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 10:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 10:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 9:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Elevated crude prices are a structural negative for India, a major importer of crude oil, and threaten to widen the current account deficit, weaken the rupee, and erode corporate profits First Published: Jul 08 2026 | 8:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Info Edge surged over 22% in a week after stronger-than-expected Q1 billings, driven by robust growth in Naukri's recruitment business and AI-led offerings. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 8:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 8:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 7:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Srijon Biswas, chief technology officer, PhonePe First Published: Jul 08 2026 | 7:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee has depreciated 4.8 per cent against the US dollar since the Iran conflict escalated, making it one of the worst-performing Asian currencies during the period. First Published: Jul 08 2026 | 6:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 6:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 6:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Innovision announced that it has secured a letter of award (LoA) from the National Highways Authority of India (NHAI) worth Rs 27.52 crore for engagement as the user fee collection agency at the Kariyamangalam fee plaza in Tamil Nadu. The contract is to be executed over a period of one year. The company clarified that the contract is not a related-party transaction and that neither its promoters nor promoter group entities have any interest in the award. Innovision is engaged in providing manpower services, toll plaza management and skill development training across India. On a consolidated basis, the company's net profit rose 8.33% to Rs 11.87 crore on a 6.42% increase in total income to Rs 268.78 crore in Q4 FY26 over Q4 FY25. The counter slipped 1.58% to Rs 283.75 on the BSE. First Published: Jul 08 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 6:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee tanked 59 paise to settle at 95.55 (provisional) against the US dollar on Wednesday as the US launched fresh strikes on Iran after Tehran struck three ships in the Strait of Hormuz, pushing up crude oil prices and strengthening the dollar. The US military attacked Iran early Wednesday after it said Tehran struck three ships in the Strait of Hormuz, part of an American effort that also revoked the Islamic Republic's ability to openly sell crude oil in the world market. Iran retaliated with strikes targeting Bahrain and Kuwait. Following the strikes, global crude oil prices rose exponentially. Brent crude, the global oil benchmark, was trading higher by 6.16 per cent at USD 78.73 per barrel in futures trade. The Indian stock market also suffered a massive crash, with the NSE Nifty 50 plunging 516.65 points (2.12%) to close at 23,882.05, while the BSE Sensex tanked 1,677.12 points (2.15%) to settle at 76,503.60. First Published: Jul 08 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With this, the total installed capacity of NTPC group stands at 90,954 MW and commercial capacity at 89,874 MW. First Published: Jul 08 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ICRA stated that the rating reaffirmation reflects Greenpanel Industries' (GIL) sustained strong liquidity profile, established market position in the medium density fibreboard (MDF) industry, aided by a strong brand and wide distribution network, along with ramp-up in operating performance of its new MDF plant (started in March 2025) in FY2026, which is expected to continue in FY2027. With a total installed MDF capacity 8,91,000 cubic metre (CBM) per annum, GIL is the largest domestic MDF manufacturing company in the country with an estimated market share of 21% as of March 2026. The company is expected to report 9-11% growth in operating income (OI) to around Rs. 1,700-1,725 crore with likely improvement in operating margins to 9-10% in FY2027, led by volumetric growth and ramp-up of new MDF plant started in March 2025. The ratings consider the long-standing experience of its promoters in the wood-based interior infrastructure and decorative products segment and GILs sustained strong liquidity profile, characterised by unencumbered cash and cash equivalents of around Rs. 197 crore as on 31 March 2026. The continuation of the 'negative outlook on the long-term rating reflects ICRAs expectation that the debt protection metrics will remain moderate compared to its peers in the similar rating levels owing to pressure on operating margins due to volatile raw material prices and fixed overheads with respect to new plant started in March 2025. The ramp-up in capacity utilisation and operating margins will remain the key monitorable. The long-term rating is constrained by GILs exposure to intense competition from large organised and numerous small unorganised players in the MDF segment, which restricts pricing flexibility. The demand for its products is vulnerable to real estate cycles. Besides, it faces volatility in raw material prices (timber and chemicals) and forex exchange rates as the company has unhedged foreign currency borrowings. Greenpanel Industries (GIL) manufactures wood-based panel products, which includes MDF boards, plywood and allied products. It has two manufacturing facilities located in Pantnagar, Uttarakhand and Chittoor, Andhra Pradesh, with a total capacity of 8,91,000 CBM of MDF and 9 million square metres of plywood as on 31 March 2026. The products manufactured by GIL are sold across the country under the brand name of Greenpanel. The scrip slipped 3.65% to end at Rs 188.75 on the BSE today. First Published: Jul 08 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SML Mahindra reported an 4.92% year-on-year increase in commercial vehicle (CV) sales to 1,896 units in June 2026, compared with 1,807 units sold in June 2025. However, exports declined 46.87% to 34 units in June 2026 from 64 units in June 2025. SML Mahindra (formerly known as SML Isuzu) is primarily engaged in the business of the manufacture and sale of commercial vehicles and their parts. The company reported a marginal 2.36% year-on-year (YoY) rise in standalone net profit to Rs 54.20 crore for the fourth quarter ended 31st March 2026, compared with Rs 52.95 crore in the corresponding quarter last year. Revenue from operations rose 16.39% YoY to Rs 897.65 crore in the quarter ended 31 March 2026. The counter rose 1.31% to Rs 3,886.75 on the BSE. First Published: Jul 08 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
R Systems International (R Systems) said that Crisil Ratings has reaffirmed its 'Crisil AA-/Stable' rating on the long-term facilities of the company. Crisil Ratings stated that the rating continues to reflect the companys comfortable business risk profile, as reflected in its healthy operating performance and steady improvement in the operating margin, and its healthy financial risk profile backed by low debt profile and healthy cash surplus. The ratings also factor in strong articulation of support from Blackstone Inc., which through its fund, BCP Asia II Topco II Pte. Ltd., Singapore, holds majority stake of 51.85% in R Systems as on 31 May 2026. Blackstone has also supported the operations of R Systems with new customer additions from its portfolio, and this is expected to continue over the medium term, diversifying and enhancing R Systems customer base. Based on its track record, Blackstone is expected to provide need based timely financial support to R Systems, as it pursues organic and inorganic expansion plans. Revenues stood at Rs. 1,958 crore in 2025 registering around 12% growth over previous year, in line with Crisil Ratings expectations, as a result of addition of Novigo and favourable currency movements. Crisil Ratings expects the revenue growth in 2026 is expected to remain at healthy double digits led by full year benefits of the Novigo acquisition acquired in November 2025. Ex-off inorganic growth, the core (constant currency) revenue growth is expected in low single digits due to the prolonged geopolitical uncertainties besides the pressures of AI-led disruption. Strategically, the company continues to advance its AI-first approach through business partnerships and prudent inorganic acquisitions, which is expected to support its evolving business risk profile. As on 31 December 2025, adjusted debt remained moderate at Rs 410 crore comprising mainly of Rs 275 crore non-convertible debentures (NCD) for the Novigo acquisition, Rs 95 crore lease liabilities and remaining short term borrowings. Against this, the adjusted networth stood healthy at Rs 1,196 crore leading to leverage metrices and debt protection metrices to remain at healthy levels. The company generates steady cash accruals in the range of Rs 180-200 crore (net of dividend). R Systems has specialised offerings in the product engineering, analytics and design services with healthy growth across the verticals supported by a healthy operating margin profile. To sustain this trend going forward, the company remains on the lookout for inorganic opportunities; the size of the remain is expected to remain modest. The strengths are partially offset by exposure to its relatively moderate scale of operations and geographical concentration risk amid the exposure to industry specific challenges like macroeconomic development and policies in key operating markets and AI led disruptions. R Systems is a leading provider of technology, artificial intelligence, analytics and knowledge services. It partners with customers to enable or elevate their digital transformation with diversified digital offerings, including product engineering, cloud enablement, quality assurance testing, and digital platforms and solutions. The company offers services and solutions across telecom, technology, healthcare and life science, finance and insurance, and retail and e-commerce. During the first three months of 2026, the company reported revenue of Rs 575 crore (Rs 442 crore in previous corresponding period) and net profit of Rs 65 crore (Rs 39 crore in previous corresponding period). The scrip shed 0.40% to end at Rs 235.60 on the BSE today. First Published: Jul 08 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 3.45 crore shares as against 1.14 crore shares on offer. The issue opened for bidding on 8 July 2026 and it will close on 10 July 2026. The price band of the IPO is fixed between Rs 398 and 419 per share. An investor can bid for a minimum of 35 equity shares and multiples thereof. The company plans to raise Rs 650 crore through the IPO, which consists entirely of an offer for sale of 1,55,13,126 shares at the upper price band of Rs 419. The entire proceeds from the sale will go to promoter shareholders Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar, and Siddharth Yogesh Kusumgar HUF. Employees will receive a discount of Rs 39 per share on the final issue price. Kusumgar has reserved shares worth Rs 3.5 crore for eligible employees. Kusumgar is a leading manufacturer of engineered synthetic functional and performance fabrics used across aerospace & defence, industrial, automotive, and outdoor lifestyle applications. The company operates a vertically integrated manufacturing setup with facilities in Gujarat and Uttar Pradesh, enabling end-to-end production from weaving and coating to lamination and fabrication. It has developed over 1,000 fabric variants and derives a significant share of its revenue from both domestic and export markets, serving government and private sector customers. Ahead of the IPO, Kusumgar on Tuesday, 7 July 2026, raised Rs 193.94 crore from anchor investors. The board allotted 46.28 lakh shares at Rs 419 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 98.20 crore and sales of Rs 692 crore for the twelve months ended on 31 March 2026. First Published: Jul 08 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India VIX jumped 26.03% to 14.68. In the cash market, the Nifty 50 index lost 516.65 points or 2.12% to 23,882.05. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, zoomed 26.03% to 14.68. HDFC Bank, Reliance Industries and Infosys were the top-traded individual stock futures contracts in the F&O segment of the NSE. The July 2026 F&O contracts will expire on 28 July 2026. First Published: Jul 08 2026 | 5:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 3.14% to Rs 6.90 crore First Published: Jul 08 2026 | 5:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Jul 08 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The S&P BSE Sensex tanked 1,677.12 points or 2.15% to 76,503.60. The Nifty 50 index lost 516.65 points or 2.12% to 23,882.05. Reliance Industries (down 2.56%), HDFC Bank (down 2.41%) and ICICI Bank (down 2.23%) were major Nifty drags today. The broader market outperformed the frontline indices. The BSE 150 MidCap Index shed 1.74% and the BSE 250 SmallCap Index fell 2%. The market breadth was weak. On the BSE, 1,070 shares rose and 3,211 shares fell. A total of 182 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, zoomed 26.03% to 14.68. Numbers to Track: In the commodities market, Brent crude for September 2026 settlement surged $4.25 or 5.73% to $78.41 a barrel. The yield on India's 10-year benchmark federal paper jumped 1.03% to 6.761 compared with the previous session close of 6.692. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.5300 compared with its close of 94.9600 during the previous trading session. MCX Gold futures for 5 August 2026 settlement fell 1.44% to Rs 1,43,300. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.07% to 100.85. The United States 10-year bond yield rose 0.97% to 4.573. Global Markets: The Dow Jones futures fell 562 points, indicating a weak start for U.S. equities later today. European and Asian indices declined on Wednesday as renewed U.S.-Iran tensions pushed crude oil prices higher and dampened investor sentiment. Airline and auto stocks led the losses, while energy shares outperformed. The U.S. launched a "series of powerful strikes" against Iran on Tuesday night in response to attacks on three commercial vessels transiting the Strait of Hormuz, according to U.S. Central Command. Earlier, the U.S. Treasury revoked a licence that had allowed Iran to sell its oil globally following the attacks in the strategic waterway. Investors are now awaiting the minutes of the Federal Open Market Committee's June meeting, due later on Wednesday, for further clues on the Federal Reserve's policy outlook. The minutes are expected to provide more details from Chair Kevin Warsh's first policy meeting, at which the Fed kept interest rates unchanged while indicating that further rate hikes may be warranted if inflationary pressures persist. Overnight, Wall Street ended lower after Samsung's quarterly results and reports that China's DeepSeek is developing its own AI chip triggered fresh selling in semiconductor stocks. The Nasdaq Composite fell 1.16% to 25,818.69, the S&P 500 declined 0.45% to 7,503.85, and the Dow Jones Industrial Average slipped 0.25% to 52,925.15. New Listing: Shares of Knack Packaging settled at Rs 182.70 on the BSE, a premium of 7.47% over the issue price of Rs 170. The stock debuted at Rs 186, reflecting a 9.41% premium to its IPO price. During the session, it touched a high of Rs 192 and a low of Rs 180.25. More than 25.32 lakh shares changed hands on the BSE. Stocks in Spotlight: Aequs surged 6.83% to Rs 259 on Wednesday, extending its two-day gain to 11.26%, after two brokerages initiated coverage on the aerospace components manufacturer with 'Buy' ratings and projected strong upside. A domestic brokerage initiated coverage with a target price of Rs 320. A foreign brokerage also initiated coverage with a target price of Rs 444. Kalyan Jewellers India jumped 5.71% to Rs 375 on Wednesday as investors lapped up the stock after its recent correction. The shares had declined 8.59% over the previous three trading sessions and are down 16.53% in the last three months and 35.18% over the past year. Rashtriya Chemicals and Fertilizers (RCF) fell 0.80%. The companys board approved raising up to Rs 1,500 crore through a further public offering (FPO). Innovision fell 1.87%. The company has secured an Rs 9.23 crore Letter of Award (LoA) from the National Highways Authority of India (NHAI) for toll collection at the Vaddupalli fee plaza in Andhra Pradesh. Marksans Pharma rose 0.98%. The company said that it has entered into a definitive agreement to acquire 100% of the share capital of Germany-based ABCnow GmbH. Advait Energy Transitions fell 1.02%. The company announced that it has secured a Rs 51.62 crore turnkey contract from Dakshin Gujarat Vij Company (DGVCL) under the Vanbandhu Kalyan Yojana-2 (VKY-2) scheme. 3i Infotech jumped 4.18% after the companys subsidiary, 3i Infotech Software Solutions L.L.C., has secured an IT consulting services contract worth AED 17.65 million (about Rs 45.85 crore), from UAE-based Vedant Consultancy FZ LLC. INOX India rose 4.35% after the company announced that it has secured multiple orders worth Rs 939 crore since 21 May 2026 across its businesses. PC Jeweller surged 2.23% after the company announced that it has cleared all outstanding debt under the settlement agreement dated 30 September 2024 with two of its 14 consortium banks. The company said the repayments are in line with its objective of becoming debt-free in the current quarter. Orchid Pharma surged 8.69% after the company has entered into licensing and supply agreement with Pharmasyntez JSC (Pharmasyntez) to commercialize anitbotic, Exblifep in Russia. The company said the partnership represents a potential opportunity of approximately $178 million over the first 10 years, driven by significant unmet clinical needs and large hospital procurement volumes in the Russian market. Silver Touch Technologies rallied 4.12% after the company secured an order from Rites to develop artificial intelligence (AI)-based detailed project report (DPR) appraisal & intelligence platform, PARAKH. Initial Public Offer (IPO): Kusumgar received bids for 3,89,70,820 shares as against 1,14,68,094 shares on offer, according to stock exchange data at 16:42 IST on 8 July 2026. The issue was subscribed 3.40 times. The issue opened for bidding on 8 July 2026 and it will close on 10 July 2026. The price band of the IPO is fixed between Rs 398 and 419 per share. First Published: Jul 08 2026 | 5:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 5:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 5:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ashutosh Raghuvanshi, MD & CEO of Fortis Healthcare First Published: Jul 08 2026 | 4:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RCF shares jump 5% as board approves ?1,500 crore FPO plan First Published: Jul 08 2026 | 1:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
When asked about the nature of the growth, Gupta said that it is largely being led by volumes rather than price hikes India's beer industry is witnessing a positive momentum, with sales growing at almost double-digit rates over the past few months, driven by favourable state-level reforms and weather conditions, said United Breweries Ltd (UBL) Managing Director and CEO Vivek Gupta. However, Gupta noted that despite the robust sales growth, the company's profitability continues to face pressure due to elevated input costs. "The trends in the beer category are positive, driven by good reforms in states like Karnataka and Maharashtra, and also by weather," Gupta told PTI on the sidelines of an event here. However, he also added that the beer industry remains under "severe cost pressure" on account of the impact of the ongoing global conflict on the prices of glass bottles, cans and imported materials, along with an unfavourable exchange rate, all of which have pushed up the cost of doing business. The overall industry is in a good shape from a top-line perspective, though there is impact on the bottomline (margins), which he expects to recover. "So right now, there is a good positive top-line momentum. At the same time, there is work being done to recover the profit erosion that has happened because of the war impact," he said, noting that the industry, from a top-line perspective, is "in a good shape". On input costs, Gupta reiterated that prices of glass bottles have risen sharply because of the war-related impact, while prices too have gone up amid higher global aluminium prices compounded by a weaker rupee. When asked about the nature of the growth, Gupta said that it is largely being led by volumes rather than price hikes. "We are seeing high single-digit volume growth, and of course some price-led growth as well, but primarily it is volume growth," he said. Over the impact of an unusual hot spell in North India in June, which some experts termed as "second spell of summer", after having hot, sunny weather following widespread above-average rainfall in May, Gupta said a well-balanced monsoon matters more for the industry than short-term weather spikes. "We want to make sure the country gets the right monsoon, because for us it is more important to have a good economy with a right, balanced monsoon than having these spikes," he said, adding that a 10-15 day variation in weather patterns typically does not make a material difference. He also pointed out that extreme heat can dampen consumption since beer is a "socialising" drink and people tend to step out less in very hot conditions. Gupta further noted that beer continues to gain favour among the younger generation, who are increasingly opting for milder alcoholic beverages over harder spirits. He cited internal observations that 70-75 per cent of people who consume their first alcoholic drink start with beer, underlining what he described as a continuing rise in beer penetration in the country. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 08 2026 | 1:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Larsen & Toubro (L&T) said its AI cloud and digital infrastructure arm, L&T Vyoma, has partnered with US-based Fortanix Inc. to offer secure SaaS solutions to enterprises and government organisations in India. The partnership aims to deliver sovereign AI infrastructure and data security solutions, addressing the growing demand for data sovereignty, regulatory compliance and protection of AI workloads across sectors such as banking, financial services, government and healthcare. Under the collaboration, L&T Vyoma will provide sovereign AI infrastructure, including data centres, compute and networking capabilities, while Fortanix will secure data and AI workloads through Confidential Computing technology powered by NVIDIA Confidential Computing. The companies will jointly develop sovereign AI and data security solutions, pursue co-selling opportunities across regulated industries and support customer adoption through proof-of-concept and proof-of-value engagements. Confidential Computing protects data during processing through hardware-based Trusted Execution Environments, ensuring sensitive information remains secure even while computations are being performed. The partnership will enable organisations to deploy AI models securely without exposing proprietary intellectual property, safeguard sensitive enterprise and citizen data, and support compliance with India's data sovereignty and regulatory requirements. L&T Vyoma will also work with Indian AI model builders to strengthen the ecosystem for sovereign AI innovation. Commenting on the partnership, Prashant Chiranjive Jain, Managing Director Larsen & Toubro Vyoma, said: Indias digital economy requires a strong foundation of sovereign infrastructure and secure AI capabilities. The partnership with Fortanix enables us to help organisations harness AI with confidence by ensuring that data remain protected within national boundaries while meeting the highest standards of security and compliance. Anand Kashyap, Co-founder & CEO Fortanix Inc, said: AI adoption isnt slowing down, but organisations are increasingly challenged to balance innovation with data sovereignty and security. Our partnership with L&T Vyoma brings together trusted infrastructure and Confidential Computing to enable enterprises in India use AI without exposing sensitive data or intellectual property. Justin Boitano, Vice President -Enterprise AI Products - NVIDIA, said: Regulated industries racing to adopt AI need to maintain the highest standards for data sovereignty and security as they scale advanced AI models and agents. Bringing together NVIDIA Confidential Computing with L&T Vyomas sovereign infrastructure and Fortanixs security platform creates a trusted foundation for securely deploying and managing mission-critical workloads in India. Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company reported a 3.12% decline in consolidated net profit to Rs 5,325.60 crore, despite a 11.25% increase in revenue from operations to Rs 82,762.16 crore in Q4 FY26 over Q4 FY25. The scrip shed 0.49% to Rs 3,971.95 on the BSE. First Published: Jul 08 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
D B Corp Ltd is quoting at Rs 201.14, up 1.19% on the day as on 12:49 IST on the NSE. The stock is down 24.37% in last one year as compared to a 4.99% drop in NIFTY and a 15.24% drop in the Nifty Media index. D B Corp Ltd is up for a third straight session in a row. The stock is quoting at Rs 201.14, up 1.19% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.8% on the day, quoting at 24204.55. The Sensex is at 77572.74, down 0.78%. D B Corp Ltd has dropped around 1.12% in last one month. Meanwhile, Nifty Media index of which D B Corp Ltd is a constituent, has dropped around 0.29% in last one month and is currently quoting at 1486.8, down 1.11% on the day. The volume in the stock stood at 55103 shares today, compared to the daily average of 70770 shares in last one month. The PE of the stock is 10.7 based on TTM earnings ending March 26. First Published: Jul 08 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 1:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 12:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
INOX India has received orders worth Rs 939 crore since 21May till date, across the business segments of Industrial Gas, Cryo-scientific Solutions and LNG. The order split includes Rs 871 crore in the Industrial Gas segment, Rs 44 crore in the LNG segment and Rs 16 crore in the Cryo-scientific solutions segment, besides Beverage Keg orders worth Rs 8 crore. First Published: Jul 08 2026 | 12:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SEPC said that its board has approved the proposed acquisition of up to 90% equity stake in Avenir International Engineers and Consultants LLC, Abu Dhabi, through a share swap transaction. The acquisition will be undertaken by way of a preferential allotment of 153 crore equity shares of SEPC at an issue price of Rs 10 per share, aggregating to Rs 1,530 crore, to the shareholders of Avenir. The transaction will be completed without any cash outflow and is expected to conclude by December 2026. Established in 2011, Avenir International Engineers and Consultants LLC is an engineering and design company serving the oil & gas and other civil infrastructure sectors in the UAE. The company possesses established qualifications with ADNOC and reported a turnover of approximately AED 75.01 million during 2025. SEPC stated that the proposed acquisition is expected to strengthen the companys capabilities in the oil & gas sector and significantly enhance its presence across the Middle East. In addition, the board has approved an increase in the company's authorised share capital from Rs 225 crore to Rs 600 crore, through the creation of additional equity shares, subject to shareholders' approval. The board has also approved enhancing the limits under for loans, guarantees, securities and investments to Rs 3,000 crore, providing the company with greater financial flexibility to pursue future growth opportunities. Further, the board has approved increasing the borrowing limits to Rs 7,500 crore, enabling the company to support its expanding business operations and long-term growth plans. Venkataramani Jaiganesh, managing director, SEPC, said: "The proposals approved by the board represent important enablers for SEPC's next phase of growth. Together, these initiatives reinforce our long-term approach of building a stronger and more diversified engineering enterprise." SEPC is engaged in providing end-to-end solutions to engineering challenges, offering multidisciplinary design, engineering, procurement, construction, and project management services. The companys consolidated net profit jumped 37.03% to Rs 13.73 crore on 132.45% surge in revenue from operations to Rs 273.83 crore in Q4 FY26 over Q4 FY25. The scrip declined 1.20% to currently trade at Rs 6.6 on the BSE. First Published: Jul 08 2026 | 12:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
DB (International) Stock Brokers Ltd, Dhunseri Investments Ltd, Jindal Drilling & Industries Ltd and Gem Aromatics Ltd are among the other gainers in the BSE's 'B' group today, 08 July 2026. DB (International) Stock Brokers Ltd, Dhunseri Investments Ltd, Jindal Drilling & Industries Ltd and Gem Aromatics Ltd are among the other gainers in the BSE's 'B' group today, 08 July 2026. D.P. Abhushan Ltd spiked 17.18% to Rs 1113.3 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 15283 shares were traded on the counter so far as against the average daily volumes of 659 shares in the past one month. DB (International) Stock Brokers Ltd soared 15.88% to Rs 48.24. The stock was the second biggest gainer in 'B' group. On the BSE, 1.53 lakh shares were traded on the counter so far as against the average daily volumes of 20865 shares in the past one month. Dhunseri Investments Ltd surged 15.71% to Rs 1004.1. The stock was the third biggest gainer in 'B' group. On the BSE, 819 shares were traded on the counter so far as against the average daily volumes of 50 shares in the past one month. Jindal Drilling & Industries Ltd rose 14.01% to Rs 617.9. The stock was the fourth biggest gainer in 'B' group. On the BSE, 6.06 lakh shares were traded on the counter so far as against the average daily volumes of 17020 shares in the past one month. Gem Aromatics Ltd jumped 12.52% to Rs 218.4. The stock was the fifth biggest gainer in 'B' group. On the BSE, 5.39 lakh shares were traded on the counter so far as against the average daily volumes of 18490 shares in the past one month. First Published: Jul 08 2026 | 12:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Multi-city deals account for 60% of India's real estate investments in Q2 First Published: Jul 08 2026 | 12:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pharma stocks soared up to 13% in Wednesday's trading session. First Published: Jul 08 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 12:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
South Indian Bank shares fall 10% today First Published: Jul 08 2026 | 12:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For a total consideration of ? 892,384 Marksans Pharma has entered into a definitive agreement to acquire 100% of the share capital of ABCnow GmbH, a Germany based pharmaceutical company with front end sales, marketing, and distribution capabilities across German healthcare market. The company will acquire entire shareholding of ABCnow GmbH for a total consideration of 892,384. The acquisition marks a strategic step in expanding Marksans' presence across regulated European markets and strengthening its forward-integration strategy through direct, owned market-access capabilities in the European Union. This acquisition will enable Marksans to use the front-end sales and marketing infrastructure of ABCnow GmbH for marketing its products manufactured in India, UK, and USA regions. It will bolster Marksans' presence in the European markets. First Published: Jul 08 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sells 3.4 million cases Tilaknagar Industries announced record sales performance for the month of June 2026, achieving its highest-ever monthly sales volumes driven by strong performance by both, Imperial Blue Whisky and Mansion House Brandy. The company recorded its highest-ever monthly sales in June 2026, with combined business volumes at 3.4 million cases. The combined business had also crossed 3 million cases in May 2026, with Imperial Blue Whisky crossing 2 million cases in each of these months, reflecting sustained consumer demand and top-of-the-line execution capabilities post minor disruptions in April. First Published: Jul 08 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aequs surged 6.42% to Rs 257.99 on Wednesday, extending its two-day gain to 11.26%, after two brokerages initiated coverage on the aerospace components manufacturer with 'Buy' ratings and projected strong upside. A foreign brokerage also initiated coverage with a target price of Rs 444, implying an upside of 72.10%. It highlighted the company's vertically integrated aerospace manufacturing ecosystem, robust order book and growing presence in aero-engine components as key growth drivers. The buying interest lifted Aequs to a record high of Rs 271 during the session, taking its market capitalisation to about Rs 17,291.77 crore. The stock has rallied 127.71% from its record low of Rs 113.30 touched on 16 March 2026. Aequs made its stock market debut on 10 December 2025 at Rs 140, a premium of 12.9% over its IPO price of Rs 124. The IPO, which was open for subscription from 3 December to 5 December 2025, was subscribed 101.63 times. Aequs is a vertically integrated precision manufacturing company focused primarily on the aerospace sector. It provides end-to-end solutions spanning machining, forging, surface treatment and assembly, with expertise in machining high-end alloys such as titanium. Aerospace contributed about 89% of its FY25 revenue, while its consumer business comprises cookware, appliances, toys and electronics components. For the six months ended 31 March 2025, the company reported a consolidated net loss of Rs 20.07 crore on revenue from operations of Rs 537.16 crore. First Published: Jul 08 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Advait Energy Transitions rose 1.20% to Rs 2,153.95 after the company announced that it has secured a Rs 51.62 crore turnkey contract from Dakshin Gujarat Vij Company (DGVCL) under the Vanbandhu Kalyan Yojana-2 (VKY-2) scheme. The announcement was made after market hours on 7 July 2026. Advait Energy Transitions is engaged in providing products and solutions for power transmission, substation, telecommunication, and renewable energy infrastructure sectors. The company also undertakes EPC and turnkey projects related to power transmission and telecom infrastructure. The companys consolidated net profit surged 55.68% to Rs 17.67 crore in Q4 FY26 compared with Rs 11.35 crore posted in Q4 FY25. Revenue from operations zoomed 18.04% year on year to Rs 228.19 crore in the quarter ended 31 March 2026. First Published: Jul 08 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Alkyl Amines Chemicals Ltd, Kalyan Jewellers India Ltd, Thangamayil Jewellery Ltd and Senco Gold Ltd are among the other gainers in the BSE's 'A' group today, 08 July 2026. Alkyl Amines Chemicals Ltd, Kalyan Jewellers India Ltd, Thangamayil Jewellery Ltd and Senco Gold Ltd are among the other gainers in the BSE's 'A' group today, 08 July 2026. PC Jeweller Ltd surged 7.22% to Rs 10.1 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 141.44 lakh shares were traded on the counter so far as against the average daily volumes of 64.38 lakh shares in the past one month. Alkyl Amines Chemicals Ltd soared 7.15% to Rs 1923.75. The stock was the second biggest gainer in 'A' group. On the BSE, 21155 shares were traded on the counter so far as against the average daily volumes of 4247 shares in the past one month. Kalyan Jewellers India Ltd spiked 6.72% to Rs 378.75. The stock was the third biggest gainer in 'A' group. On the BSE, 48.07 lakh shares were traded on the counter so far as against the average daily volumes of 4.9 lakh shares in the past one month. Thangamayil Jewellery Ltd exploded 6.40% to Rs 6784. The stock was the fourth biggest gainer in 'A' group. On the BSE, 32776 shares were traded on the counter so far as against the average daily volumes of 10559 shares in the past one month. Senco Gold Ltd gained 5.09% to Rs 343.9. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1.02 lakh shares were traded on the counter so far as against the average daily volumes of 45696 shares in the past one month. First Published: Jul 08 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Piramal Alternatives on Tuesday said it has invested ?125 crore in JRG Automotive Industries to support the auto component maker's expansion plans as the company looks to scale manufacturing capacity and diversify its product portfolio. "This funding will accelerate our growth, both organically and through strategic acquisitions, as we build a world-class auto components supply chain to meet rising global demand and better serve our OEM partners," said Pawan Goyal, managing director at JRG Automotive Industries India Pvt Ltd. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 08 2026 | 12:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kalyan Jewellers shares gain 6% on Q1 update First Published: Jul 08 2026 | 11:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Chipmakers led a tech selloff while rising oil prices and Treasury yields weighed on markets. Samsung slumped despite strong profit guidance, Rivian sank on a share sale and global stocks retreated. Brent crude, the international standard, rose 3% to settle at $74.16 per barrel. Higher oil prices put upward pressure on inflation, and Treasury yields climbed in the bond market. The yield on the 10-year Treasury rose to 4.54% from 4.48% late Monday and from just 3.97% before the war with Iran began. Samsung Electronics tumbled 6.9% in Seoul. The tech giant gave a preliminary look at its performance for the second quarter, and the numbers were strong. Samsung Electronics said it expects to report its operating profit surged roughly 1,800% from a year earlier. AI stocks have been under similar pressure in recent weeks on worries that their prices shot too high and that AI may not produce enough productivity and profits to make all the investments in chips and data centers worth it. Drops of 6.5% for Advanced Micro Devices, 9.7% for Intel and 4.7% for Micron Technology were the heaviest weights on the market. SpaceX which owns the xAI business fell 6.8% in its first trading after getting included in the Nasdaq 100 index. Vertex Pharmaceuticals slipped 1.4% after saying it agreed to buy Crinetics Pharmaceuticals for $85 per share in cash. Crinetics developer of therapeutics for endocrine diseases, soared 98.7%. Rivian Automotive dropped 18.1% after the electric vehicle company said its selling 75 million shares of its stock, a move that dilutes the ownership stakes of earlier shareholders. Stocks also felt pressure from a rise in oil prices after the British military said three tankers were struck by projectiles in the Strait of Hormuz. The United States later revoked a license that had authorized the sale of Iranian oil as part of an interim deal to end the fighting between the U.S. and Iran. That hurt hopes that the Strait of Hormuz may fully reopen to oil tankers carrying crude to customers worldwide from the Persian Gulf. In stock markets abroad, South Koreas Kospi tumbled 4.9% because Samsung Electronics by itself makes up more than a quarter of the index. Japans Nikkei 225 fell 2.1%, and Germanys DAX lost 1.4% for two of the worlds bigger moves. High yields worldwide have been rattling investors since the war sent oil prices bursting above $100 per barrel in March. The worry is that high inflation may force the Federal Reserve and other central banks to hike interest rates. Higher rates can keep a lid on inflation, but they also slow the economy and hurt prices for all kinds of investments. First Published: Jul 08 2026 | 11:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Marksans Pharma added 3.77% to Rs 270.90 after the company said that it has entered into a definitive agreement to acquire 100% of the share capital of Germany-based ABCnow GmbH. Headquartered in Flensburg, ABCnow GmbH is a pharmaceutical company with front end sales, marketing, and distribution capabilities across German healthcare market. It has a turnover of euro 227,233.69 as on 31 December 2025. Marksans will acquire entire shareholding of ABCnow GmbH for a total cash consideration of euro 892,384. The acquisition is expected to be completed by 31 July 2026. Offering the rationale for this acquisition, Marksans Pharma stated that this acquisition will enable the company to use the front-end sales and marketing infrastructure of ABCnow GmbH for marketing its products manufactured in India, UK, and USA regions. It will bolster Marksans presence in the European markets. Marksans Pharma is engaged in the research, manufacturing and marketing of pharmaceutical formulations across regulated and emerging markets, with a strong presence in OTC and prescription products. The company had reported 63.59% increase in consolidated net profit to Rs 148.13 crore on a 20.84% rise in revenue to Rs 856.11 crore in Q4 FY26 as compared with Q4 FY25. First Published: Jul 08 2026 | 11:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rashtriya Chemicals and Fertilizers (RCF) rose 3.54% to Rs 135.53 after its board approved raising up to Rs 1,500 crore through a further public offering (FPO). The board also approved amendments to the company's Memorandum of Association (MoA) in accordance with the Companies Act, 2013. The amendments are subject to approvals from shareholders and the Department of Fertilizers. The proposed changes include new object clauses relating to power generation, sewage and effluent treatment, water purification and recycling, industrial explosives, agro-based products, agrochemicals, organic and bio-fertilisers, crop protection products and sustainable agriculture solutions. The revised MoA also includes provisions relating to warehousing and logistics facilities, lending to subsidiaries and joint ventures, incorporation of subsidiaries and joint ventures, operation of bank accounts, commercial exploitation of assets, treasury operations and investments, and other consequential amendments. Rashtriya Chemicals & Fertilizers is a public sector undertaking (PSU) with a 75% stake owned by the Government of India (GOI). The company is engaged in the manufacturing and marketing of fertilizers and industrial chemicals. The companys consolidated net profit zoomed 157.69% to Rs 186.72 crore in Q4 FY26, compared with Rs 72.46 crore reported in the same period last year. Revenue from operations rose 49.63% year on year (YoY) to Rs 5,580.57 crore during the quarter ended March 2026. First Published: Jul 08 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Innovision has secured an Rs 9.23 crore Letter of Award (LoA) from the National Highways Authority of India (NHAI) for toll collection at the Vaddupalli fee plaza in Andhra Pradesh. The contract is scheduled to be executed over a period of one year from 24 August 2026. The company said that the contract is not a related-party transaction and that neither its promoters nor promoter group entities have any interest in the award. Innovision is engaged in providing manpower services, toll plaza management and skill development training across India. On a consolidated basis, the company's net profit rose 8.33% to Rs 11.87 crore on a 6.42% increase in total income to Rs 268.78 crore in Q4 FY26 over Q4 FY25. The counter shed 0.43% to Rs 287.05 on the BSE. First Published: Jul 08 2026 | 11:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 11:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Launched in 2024 with an original target corpus of Rs 3,000 crore, the fund size was increased after NCW reported strong investor demand. First Published: Jul 08 2026 | 11:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 08 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Home First Finance Company India Ltd registered volume of 5.2 lakh shares by 10:46 IST on BSE, a 38.68 fold spurt over two-week average daily volume of 13451 shares Balkrishna Industries Ltd, Timken India Ltd, Bikaji Foods International Ltd, Lodha Developers Ltd are among the other stocks to see a surge in volumes on BSE today, 08 July 2026. Home First Finance Company India Ltd registered volume of 5.2 lakh shares by 10:46 IST on BSE, a 38.68 fold spurt over two-week average daily volume of 13451 shares. The stock slipped 0.78% to Rs.1,200.00. Volumes stood at 6438 shares in the last session. Balkrishna Industries Ltd recorded volume of 1.04 lakh shares by 10:46 IST on BSE, a 15.27 times surge over two-week average daily volume of 6792 shares. The stock gained 0.89% to Rs.2,273.80. Volumes stood at 5084 shares in the last session. Timken India Ltd notched up volume of 60196 shares by 10:46 IST on BSE, a 6.34 fold spurt over two-week average daily volume of 9492 shares. The stock slipped 1.13% to Rs.3,223.45. Volumes stood at 52670 shares in the last session. Bikaji Foods International Ltd saw volume of 35976 shares by 10:46 IST on BSE, a 4.73 fold spurt over two-week average daily volume of 7606 shares. The stock dropped 0.12% to Rs.643.00. Volumes stood at 6921 shares in the last session. Lodha Developers Ltd clocked volume of 20.14 lakh shares by 10:46 IST on BSE, a 4.6 times surge over two-week average daily volume of 4.38 lakh shares. The stock gained 3.15% to Rs.1,137.85. Volumes stood at 12.34 lakh shares in the last session. First Published: Jul 08 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dollar index is adding strength on Wednesday morning in Asia following renewed tensions between US and Iran. Reported US air strikes on Iran following recent attacks on ships transiting the Strait of Hormuz drove oil prices higher, fueling inflation concerns and reinforcing expectations of interest rate hikes has kept dollar index upbeat. Meanwhile, investors also wait for the minutes of the Federal Reserves June meeting for additional insight into the policy outlook. The dollar index that measures the greenback against a basket of currencies is quoting at 100.88, up marginally on the day. The yield on the US 10-year Treasury note remained near a one-month high of around 4.55% on Wednesday after climbing sharply in the previous session. First Published: Jul 08 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
EMS rose 4.43% to Rs 420.55 after the company said it had emerged as the lowest (L-1) bidder for a Delhi Jal Board sewerage infrastructure project with an estimated contract value of Rs 158.29 crore. The project involves providing, laying and jointing internal and peripheral sewer lines in Tikri Kalan GOC under the command area of the proposed sewage treatment plant (STP) at Tikri Kalan in Delhi. The contract is scheduled to be executed over 15 months, the company said in a regulatory filing. EMS said the contract has been awarded by a domestic entity and that neither its promoters nor promoter group companies have any interest in the awarding authority. It added that the contract does not fall under related-party transactions. EMS engaged in the business of Sewerage contractors, Sewerage Treatment Plants (STP) Works, Electricity transmission and distribution & Building and manufacturing of own items which are used for construction purpose. The company's consolidated net profit declined 88% year-on-year to Rs 5.59 crore in the fourth quarter of FY26, while net sales fell 55.3% to Rs 120.50 crore. First Published: Jul 08 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
INOX India rose 3.59% to Rs 1,871.30 after the company announced that it has secured multiple orders worth Rs 939 crore since 21 May 2026 across its businesses. The company said its order book received a boost from a "Mega" order in the Industrial Gas business vertical from the space exploration industry. It also secured multiple LNG orders for storage tanks, dispensers, semi-trailers and LNG fuelling station equipment. In addition, the company received a "Minor" order from ITER, along with orders for disposable cylinders, liquid cylinders, transport tanks and kegs. Commenting on the development, Deepak Acharya, chief executive officer of INOX India, said the latest orders reinforce the company's position as a global supplier of mission-critical cryogenic solutions and reflect growing adoption of cryogenic technologies, particularly in the space sector. As per the company's order classification framework, orders valued between Rs 10 crore and Rs 30 crore are classified as "Minor", Rs 30 crore to Rs 60 crore as "Large", Rs 60 crore to Rs 100 crore as "Significant", Rs 100 crore to Rs 150 crore as "Major", while orders exceeding Rs 150 crore are categorised as "Mega". INOX India is a leading manufacturer of cryogenic storage, regasification and distribution systems for LNG, industrial gases, liquid hydrogen and cryo-scientific applications. The company operates in India, Brazil and Europe, serves customers in over 100 countries, and has an after-sales support network across 25 countries. It specializes in designing, manufacturing, supplying and commissioning cryogenic turnkey systems and is a key player in promoting LNG adoption for industrial and automotive applications in India. On a consolidated basis, Inox India's net profit rose 14.85% to Rs 75.24 crore while net sales rose 24.70% to Rs 460.65 crore in Q4 March 2026 over Q4 March 2025. First Published: Jul 08 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sensex dips 600pts intraday, Nifty at 24,207 on West Asia crisis, oil surge First Published: Jul 08 2026 | 10:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BPCL, HPCL and IOCL stocks declined around 3% each in Wednesday's trade after crude oil prices jumped. First Published: Jul 08 2026 | 10:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Embassy Development rallied 4.56% to Rs 64.88 after the company's pre-sales surged 338% to Rs 868 crore in Q1 FY27 compared with Rs 198 crore in Q1 FY26. As of 30 June 2026, the companys net institutional debt stood at around Rs 3,363 crore, after adjusting for cash and cash equivalents of approximately Rs 1,202 crore. Separately, the company's board approved raising additional funds of up to Rs 1,170 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis in one or more tranches and/or series. With this approval, the overall issue size has been enhanced from up to Rs 400 crore to up to Rs 1,570 crore. The face value of each NCD is Rs 1 lakh. Embassy Developments is a real estate developer of residential, commercial, and SEZ projects. The company reported a consolidated net loss of Rs 323.78 crore in Q4 FY26 as against a net profit of Rs 129.53 crore in Q4 FY25. Revenue from operations declined 61.5% year on year to Rs 342.46 crore in Q4 FY26. First Published: Jul 08 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 10:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
South Indian Bank said the Reserve Bank of India (RBI) has approved the appointment of Mahesh Muralidhar Pai as the bank's managing director (MD) & chief executive officer (CEO) for a three-year term beginning 1 October 2026. During his tenure at Canara Bank, Pai has led several strategic initiatives, including the establishment of the bank's gold loan vertical, and has also headed one of its largest operational zones. His international experience includes a stint in the bank's New York operations. Pai has previously served as a director of Canara Bank Tanzania Ltd and represented the bank on industry bodies, including the Fixed Income Money Market and Derivatives Association of India (FIMMDA), SWIFT India Domestic Services Pvt Ltd and the Secondary Loan Market Association. He currently serves as a director on the boards of Karnataka State Financial Corporation and Canara Bank Securities. According to the bank, Pai is recognised for his strategic leadership, execution capabilities and experience across the full spectrum of universal banking. The bank also said he is not related to any of its existing directors. The companys standalone net jumped 19.1% to Rs 407.50 crore in Q4 FY26 as against Rs 342.19 crore in Q4 FY25. Total income shed 0.01% to Rs 2,945.42 crore in Q4 FY26 as against Rs 2,945.81 crore in Q4 FY25. The counter fell 4.88% to Rs 45.40 on the BSE. First Published: Jul 08 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Petroleum Corporation Ltd has added 4.71% over last one month compared to 0.29% fall in BSE Oil & Gas index and 5.84% rise in the SENSEX Hindustan Petroleum Corporation Ltd lost 3.78% today to trade at Rs 390.4. The BSE Oil & Gas index is down 1.39% to quote at 26081.8. The index is down 0.29 % over last one month. Among the other constituents of the index, Bharat Petroleum Corporation Ltd decreased 3.55% and Indian Oil Corporation Ltd lost 2.92% on the day. The BSE Oil & Gas index went down 8.66 % over last one year compared to the 7.04% fall in benchmark SENSEX. Hindustan Petroleum Corporation Ltd has added 4.71% over last one month compared to 0.29% fall in BSE Oil & Gas index and 5.84% rise in the SENSEX. On the BSE, 65707 shares were traded in the counter so far compared with average daily volumes of 3.86 lakh shares in the past one month. The stock hit a record high of Rs 508.45 on 05 Jan 2026. The stock hit a 52-week low of Rs 316.2 on 23 Mar 2026. First Published: Jul 08 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IRIS Regtech Solutions Ltd has added 10.94% over last one month compared to 2.56% fall in BSE Information Technology index and 5.84% rise in the SENSEX IRIS Regtech Solutions Ltd gained 2.12% today to trade at Rs 262.6. The BSE Information Technology index is up 0.02% to quote at 27142.5. The index is down 2.56 % over last one month. Among the other constituents of the index, Sasken Technologies Ltd increased 1.81% and Quick Heal Technologies Ltd added 1.68% on the day. The BSE Information Technology index went down 28.9 % over last one year compared to the 7.04% fall in benchmark SENSEX. IRIS Regtech Solutions Ltd has added 10.94% over last one month compared to 2.56% fall in BSE Information Technology index and 5.84% rise in the SENSEX. On the BSE, 26 shares were traded in the counter so far compared with average daily volumes of 3499 shares in the past one month. The stock hit a record high of Rs 430 on 14 Jul 2025. The stock hit a 52-week low of Rs 202.6 on 30 Mar 2026. First Published: Jul 08 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Knack Packaging Share Price First Published: Jul 08 2026 | 10:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The changes will come into effect after six months, giving the foreign entities time to make the shift First Published: Jul 08 2026 | 9:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Further, an agenda for appointment of Mahesh Muralidhar Pai (DIN: 09164982) as the Managing Director & CEO of the Bank will be placed to the Board meeting scheduled to be held on 16 July 2026 and the approval of the shareholders shall be obtained thereafter. First Published: Jul 08 2026 | 9:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Blue Cloud Softech Solutions (BCSSL) announced the successful completion of deployment of its SOCEYE platform (formerly Blura Saga), an AI-powered social media monitoring and intelligence system, for the Social Media Unit of Hyderabad City Police. The platform is now live and operational, with unit personnel trained and BCSSL providing ongoing support. The go-live completes the purchase order disclosed by the Company on 31 March 2026, which was issued after verification of BCSSL's proprietary ownership of the platform, confirming SOCEYE as the Company's own intellectual property, engineered in India. In a city of Hyderabad's scale, rumours travel faster than facts. SOCEYE now gives the police the ability to see what the city is saying, in multiple languages, in real time, so that misinformation can be countered early, citizen grievances raised on social channels reach the right officer, and digital evidence is preserved to judicial standards. First Published: Jul 08 2026 | 9:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For consideration of Rs 1,530 cr SEPC has announced a series of strategic proposals approved by its Board of Directors, subject to the requisite shareholders' and regulatory approvals. The approved proposals are aimed at strengthening the Company's capital base, enhancing financial flexibility, and expanding its international engineering presence. A key highlight of the Board's approval is the proposed acquisition of up to 90% equity stake in Avenir International Engineers and Consultants LLC, Abu Dhabi, through a share swap transaction. The acquisition will be undertaken by way of a preferential allotment of 153 crore equity shares of SEPC at an issue price of Rs 10 per share, aggregating to Rs 1,530 crore, to the shareholders of Avenir. The transaction will be completed without any cash outflow and is expected to conclude by December 2026. Established in 2011, Avenir International Engineers and Consultants LLC is an engineering and design company serving the oil & gas and other civil infrastructure sectors in the UAE. The company possesses established qualifications with ADNOC and reported a turnover of approximately AED 75.01 million during 2025. The proposed acquisition is expected to strengthen SEPC's capabilities in the oil & gas sector and significantly enhance its presence across the Middle East. In addition, the Board has approved an increase in the Company's Authorised Share Capital from Rs 225 crore to Rs 600 crore, through the creation of additional equity shares, subject to shareholders' approval. The Board has also approved enhancing the limits under for loans, guarantees, securities and investments to Rs 3,000 crore, providing the Company with greater financial flexibility to pursue future growth opportunities. Further, the Board has approved increasing the borrowing limits to Rs 7,500 crore, enabling the Company to support its expanding business operations and long-term growth plans. First Published: Jul 08 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold eased on Wednesday to its lowest level in nearly a week, as US strikes on Iran boosted oil prices and the dollar, raising concerns that inflation could keep interest rates higher for longer and weigh on non-yielding bullion. Spot gold fell 0.1 per cent to $4,100.32 per ounce ?by 0107 GMT, after dropping to its lowest since July 2 earlier in the day. US gold futures for August delivery shed 1.1 per cent to $4,112.50. The US military unleashed a new wave of strikes against Iran on Tuesday and revoked a licence allowing the country to sell oil after three tankers were hit by projectiles in the Strait of Hormuz, putting pressure on an already fragile ceasefire. US oil prices jumped nearly 3 per cent in early trade, extending the previous session's gains, while the US dollar clung to its highest levels of the week against most of ?its peers. Markets have increased their bets for a September Federal Reserve rate hike to over 67 per cent chance, up from about 57 per cent on Tuesday, the CME FedWatch tool showed. Investors also awaited minutes of the Federal Open Market Committee's June 16-17 meeting, due later on Wednesday, for fresh clues on the interest rate path under new Fed Chair Kevin Warsh. While gold is seen as an inflation hedge, high interest rates tend to weigh on the non-yielding asset. US consumers grew more concerned about near-term inflation pressures ?in June, a New York Fed report showed on Tuesday. China's central bank reported its biggest monthly increase in gold reserves in more than two-and-a-half years in June, ?official data showed on Tuesday, although bullion prices tumbled. Beijing and Hong Kong authorities unveiled a ?range of measures to bolster currency, bond and gold trading in Hong Kong. Hong Kong launched a central clearing system for gold on Tuesday and revived dollar ?gold futures trading. It is also looking at introducing yuan-denominated gold futures as it seeks to become a regional reserve hub for the precious metal. Elsewhere, spot silver fell ?0.3 per cent to $59.82 per ounce, platinum slipped 1.2 per cent to $1,620.38 and palladium dropped 1.6 per cent to $1,256.25. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 08 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
3i Infotech Software Solutions L.L.C., 3i Infotech's step down wholly owned subsidiary, has received a order dated 30 June 2026, received on 07 July 2026 from Vedant Consultancy FZ LLC, UAE, for providing IT consulting services in the fields of Robotic Process Automation (RPA), Artificial Intelligence, Machine Learning and Robotics. The engagement includes consulting services and solutions based on UiPath RPA, Blue Prism, Pega Platform and Datamatics TruBot, as well as Process and Factory Automation technologies and systems. The engagement is for a period of 12 months from 01 May 2026 to 30 April 2027. The total value of the order is AED 17,651,620, exclusive of applicable taxes. First Published: Jul 08 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ideaforge Technology launced the qualified institutional placement (QIP) issue and fixed the floor price at Rs 835.86 per share. The company may offer a discount of up to 5% to the floor price. Uno Mindas board approved its entry into the four-wheeler passenger vehicle seating systems segment through JV Uno Minda Tachi-S Seating. The company will set up a greenfield manufacturing facility in Chhatrapati Sambhajinagar with an investment of around Rs. 320 crore. PC Jeweller has successfully cleared and repaid all its outstanding debt under the terms of Settlement Agreement dated 30 September 2024 with respect to 2 out of the 14 consortium banks. It has achieved a debt-free status in the current quarter. Orchid Pharma signed an exclusive licensing and supply agreement with Russia's Pharmasyntez JSC to commercialise Exblifep in Russia. First Published: Jul 08 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil First Published: Jul 08 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty July 2026 futures currently traded 17.50 points lower, suggesting a muted opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 393.19 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 383.43 crore in the Indian equity market on 07 July 2026, provisional data showed. The FIIs have bought shares worth Rs 539.23 crore so far in July (till 06 July 2026). This contrasts with their cash sales of Rs 49,028.63 crore in June, Rs 55,963.33 crore in May and Rs 70,135.46 crore in April. Global Markets: Asian Markets mostly declined on Wednesday as investors weighed rising tensions in the Middle East and surging oil prices. The U.S. started a series of powerful strikes against Iran on Tuesday evening, retaliating for attacks against three commercial vessels traveling in the Strait of Hormuz, U.S. Central Command said. Earlier, the Treasury Department revoked a license that permitted Iran to sell its oil around the world in light of the attacks in the Hormuz Strait. The West Texas Intermediate futures for August delivery rose 2.1% to $71.87 per barrel in Asia trading. Futures for International benchmark Brent crude for September delivery jumped 1.9% to $75.53 per barrel. Investors attention now turns to the minutes from the Federal Open Market Committees June meeting, due at 2 p.m. ET Wednesday. The release is expected to provide more insight into Federal Reserve Chairman Kevin Warshs first policy meeting, where officials left interest rates unchanged while signaling that additional rate hikes could be warranted if inflation pressures persist. Overnight on Wall Street, US stocks fell on Tuesday after Samsung's quarterly results and reports that China's DeepSeek is developing its own AI chip triggered renewed selling in the semiconductor sector. The tech-heavy Nasdaq Composite suffered the steepest decline, falling 1.16% to 25,818.69. The Dow Jones Industrial Average lost 0.25% to 52,925.15 while the S&P 500 dropped 0.45%, to 7,503.85. Domestic Market: The benchmark indices snapped their four-session winning streak on Tuesday as weak global cues triggered profit booking in domestic equities. The Nifty closed below the 24,400 mark amid broad-based selling. Metal and realty stocks tumbled, while IT, consumer durables and FMCG shares bucked the broader market trend. The S&P BSE Sensex declined 104.35 points or 0.13% to 78,180.72. The Nifty 50 index lost 31.65 points or 0.13% to 24,398.70. In the past four sessions, the Sensex rallied 2.34% while the Nifty jumped 2.35%. First Published: Jul 08 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shweta Rajani, associate director, Anand Rathi Wealth First Published: Jul 08 2026 | 8:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Expectations of a wave of pent-up West Asia supply coming onto the market caused the price declines Oil prices climbed nearly 2 per cent on Wednesday after the US military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears their fragile truce was unravelling and West Asia supplies could be disrupted again. The US airstrikes were in response to Iranian attacks on three commercial vessels that were transiting the Strait of Hormuz, US Central Command said on ?Tuesday. The strait is a key waterway for the transport of West Asian oil shipments to wider markets. Brent crude futures gained $1.38, or 1.9 per cent, to $75.54 a barrel, and US West Texas Intermediate crude climbed to $71.81 a barrel, up $1.37, or 1.9 per cent at 0128 GMT. Both benchmarks rose about 3 per cent on Tuesday after the US revoked the general licence authorising the sale of Iranian crude following the Iranian attacks. "The current conflagration is a reminder to the market of how fragile passage through the Strait still is," said Saul Kavonic, head of research at MST Marquee. "This presents a contrary indicator to the prevailing sentiment that the market could be flooded into oversupply, which may scare some of the record short positioning to cover," he said, adding that if tensions persist and traffic through ?the waterway remains below 50 per cent of pre-war levels, the resulting supply constraints could support higher oil prices. After the US and Iran signed their truce agreement last month, oil prices tumbled back to pre-war levels and traders amassed large short positions in oil futures, or bets that prices would fall further. Expectations of a wave of pent-up West Asia supply coming onto the market caused the price declines. Iran did not take responsibility for the vessel attacks but Qatar blamed Iran for them, including one on a Qatari liquefied natural gas tanker, which reported being struck by a drone that caused a fire in its engine room. A Saudi-flagged crude oil tanker, believed to be the supertanker Wedyan, was also damaged ?off Oman, maritime security sources said. The cause was not immediately clear. The attacks renewed concerns about tanker traffic through the Strait of Hormuz, which carried cargoes equal to about one-fifth of global energy supply before the war began ?in February. Iran is asserting its control of the Strait and has ordered ships to use a route closer to its coast ?rather than one nearer to Oman, which also borders the waterway. The US insists the waterway must remain free to all as it was before the conflict started. Since the war started, nations have drawn down their ?inventories to make up for the supply shortfall. US crude oil inventories fell again last week, market sources said on Tuesday, citing data from the American Petroleum Institute. Analysts polled by Reuters had expected crude stockpiles to decline by ?about 2.4 million barrels in the week ended July 3. (Reporting by Yuka Obayashi in Tokyo; Additional reporting by Florence Tan in Singapore; Editing by Jamie Freed and Christian Schmollinger) (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 08 2026 | 8:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to Watch today: Maruti, RCF, BHEL, Torrent Pharma, Tata Power, IHCL First Published: Jul 08 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 08 2026 | 7:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty outlook today: Focus on support at 24,300 and 24,200 following US fresh strikes on Iran, says analyst. First Published: Jul 08 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Q1FY27 earnings preview: Oil & gas, aviation brace for crude impact First Published: Jul 08 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
VK Vijayakumar, Geojit Financial Services First Published: Jul 08 2026 | 7:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajay Mohanty First Published: Jul 08 2026 | 7:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ethanol E20 fuel First Published: Jul 08 2026 | 6:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 08 2026 | 12:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 08 2026 | 12:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian currency, which came under pressure after the West Asia conflict started in late February, has depreciated 4.2 per cent since then First Published: Jul 07 2026 | 9:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 07 2026 | 9:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The 'Stable' outlook reflects expectations that L&T and its core international subsidiaries will maintain strict fiscal discipline, comfortable leverage levels and healthy operating margins as high-margin engineering services and large-scale EPC projects in West Asia continue to scale. Notably, this premium rating stands two notches above India's sovereign rating of 'Baa3', positioning L&T among an exclusive group of Indian multinational corporates evaluated stronger than the country's sovereign rating. Moody's, the global ratings major, has also assigned a matching 'Baa1' rating to L&T Hydrocarbon Saudi Company (a subsidiary of L&T), reflecting the business vertical's tight operational integration with the parent Company and the strategic importance of Larsen & Toubro's West Asia operations. First Published: Jul 07 2026 | 8:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kutch Copper (KCL), a subsidiary of Adani Enterprises (AEL), has earned London Metal Exchange (LME) certification for 'Adani Copper'. Approval by the world centre for the trading of industrial metals validates KCL's manufacturing excellence and responsible sourcing practices against strict global benchmarks, enabling Adani Copper cathodes to be delivered with warrants eligible for issuance against LME Copper futures contracts from 10 July 2026. For the Adani Group, LME listing of Adani Copper as a Good Delivery brand for 'Copper Grade A' contracts places the brand alongside the world's leading copper brands, conferring international recognition and market credibility on the Group's entry into the metals sector and its emergence as a globally competitive producer of refined copper. An LME-brand certification is a rigorous process involving superior quality assurances covering chemical composition, shape and weight alongside strict responsible sourcing protocols. The LME listing enables eligible Adani Copper cathodes to be placed on warrant in LME-approved warehouses, strengthening financing flexibility as LME-listed metal is recognised as high liquid asset that can be used as collateral. For the LME, the addition of Adani Copper broadens the exchange's deliverable base with high-quality cathode from a major new production hub, deepening the liquidity and geographic diversity of the global copper market. First Published: Jul 07 2026 | 8:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 07 2026 | 8:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 07 2026 | 8:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With Rs 320-cr greenfield manufacturing unit in Chhatrapati Sambhajinagar (formerly Aurangabad), Maharashtra Uno Minda announced a landmark strategic expansion into the Four-Wheeler (4W) Passenger Vehicle Seating Systems segment - one of the highest value product categories in the automotive supply chain. To support this new product line, the company's Board of Directors has approved the setting up of a state-of-the-art greenfield manufacturing facility in Chhatrapati Sambhajinagar (formerly Aurangabad), Maharashtra, with a proposed capital expenditure of approximately Rs 320 crore. The facility is expected to commence operations by Q4FY28. The project will be executed under Uno Minda Tachi-S Seating, a Joint Venture (JV) with TACHI-S Company, Japan, a leading global automotive seating manufacturer. First Published: Jul 07 2026 | 8:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For commercialization of Exblifep in Russia Orchid Pharma (Orchid) and Pharmasyntez JSC (Pharmasyntez) have entered into a licensing and supply agreement for Exblifep (cefepime/enmetazobactam), a novel combination antibiotic for the treatment of complicated urinary tract infections (cUTI) and hospital-acquired and ventilator-associated bacterial pneumonia (HAP/VAP) caused by Gram negative bacterial pathogens, subject to regulatory approval by the Ministry of Health of the Russian Federation. Exblifep is a carbapenem-sparing antibiotic developed to address the growing clinical challenge posed by ESBL-producing Gram-negative bacteria in serious hospital infections. The product is approved by the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA), is included in IDSA and EUCAST treatment guidelines, and is the first new chemical entity originating from an Indian pharmaceutical company to receive both approvals. Under the agreement, Pharmasyntez will hold the exclusive rights to register and commercialize Exblifep in Russia, with Orchid supplying the finished dosage form. The partnership represents a potential opportunity of approximately USD 178 million over the first 10 years, reflecting the scale of unmet clinical need and the significant hospital procurement volumes in the Russian market. First Published: Jul 07 2026 | 8:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 07 2026 | 8:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Record date is 21 July 2026 First Published: Jul 07 2026 | 8:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dilip Buildcon said that it has received a letter of award (LoA) worth Rs 160.20 crore from Odisha Bridge & Construction Corporation (OB&CC). The order is for the construction of a diversion road from 4.700 km to 11.500 km of the DudukaGopalpurToparia Road in Sundargarh district, Odisha, on an engineering, procurement and construction (EPC) basis. The project involves the construction of a six-lane diversion road with service roads and is scheduled to be completed within 18 months. The company said the order has been awarded by a domestic entity and is valued at Rs 160.20 crore, excluding GST. Dilip Buildcon further clarified that neither its promoter, promoter group, nor group companies have any interest in the entity awarding the contract. It also stated that the order does not constitute a related-party transaction. Dilip Buildcon (DBL) is a diversified infrastructure company with over three decades of execution experience in large-scale infrastructure development projects across India. The company has a presence in 20 states and one Union Territory, supported by a workforce of 20,581 employees and a fleet of more than 10,275 equipment units. The companys consolidated net profit tanked 63.67% to Rs 62.05 crore in Q4 FY26 from Rs 170.83 crore in Q4 FY25. Revenue from operations also declined 25.71% year-on-year (YoY) to Rs 2,299.80 crore during the quarter. The scrip ended unchanged at Rs 428.75 on the BSE. First Published: Jul 07 2026 | 4:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As per provisional closing data, the S&P BSE Sensex declined 104.35 points or 0.13% to 78,180.72. The Nifty 50 index lost 31.65 points or 0.13% to 24,398.70. In the four consecutive trading sessions, the Sensex rallied 2.34% while the Nifty jumped 2.35%. The broader market underperformed the frontline indices. The BSE 150 MidCap Index shed 0.18% and the BSE 250 SmallCap Index fell 0.76%. The market breadth was weak. On the BSE, 1,595 shares rose and 2,637 shares fell. A total of 203 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 1.43% to 11.65. In the commodities market, Brent crude for August 2026 settlement rose 91 cents or 1.26% to $72.90 a barrel. Buzzing Index: The Nifty Metal index fell 1.10% to 12,582.75. The index jumped 2.62% in the past three trading sessions. Adani Enterprises (down 3.17%), Vedanta (down 2.66%), National Aluminium Company (down 2.52%), Steel Authority of India (down 2.2%), Jindal Steel (down 2.1%), Hindustan Zinc (down 1.76%), Hindalco Industries (down 1.11%), Jindal Stainless (down 0.89%), NMDC (down 0.76%) and Tata Steel (down 0.61%) declined. Stocks in Spotlight: Trent tanked 12.42%. The company reported a 19% rise in revenue to Rs 5,666 crore in Q1 FY27 from Rs 4,781 crore in Q1 FY26. Sequentially, the companys revenue has risen by 14.77% from Rs 4,937 crore in Q4 FY26. The company stated that the revenue from the sale of merchandise (excl. other operating income) also grew by 19% during the quarter ended June 2026. Titan Company rose 2.62% after the company reported a 41% year-on-year (YoY) growth in its consumer businesses for the quarter ended 30 June 2026 (Q1 FY27). Info Edge India surged 13.15% after the company reported standalone billings of Rs 737 crore for Q1 FY27, registering a 14.4% year-on-year (YoY) growth compared with Rs 644.2 crore in Q1 FY26. TARC surged 2.25% after the company reported a strong operational performance for the quarter ended 30 June 2026, driven by robust demand across its premium housing portfolio. Jubilant FoodWorks rose 3.95% after its consolidated revenue from operations stood at Rs 2,569.3 crore in Q1 FY27, registering a 14.1% year-on-year (YoY) growth. Varun Beverages (VBL) fell 2.36%. The company has announced that its subsidiary, VBL Industries (Kenya), has entered into an agreement to acquire the value-added dairy beverages, juices and packaged drinking water business of Devyani Food Industries (Kenya) (DFIL Kenya). Texmaco Rail & Engineering fell 1.78%. The company said that it has received a letter of award (LoA) worth Rs 70.72 crore from Central Warehousing Corporation for the manufacture and supply of BLSS rakes along with Brake Van. South West Pinnacle Exploration rose 1.12% after the company secured a work order worth approximately Rs 166.82 crore from Reliance Industries (RIL) for providing coal bed methane (CBM) production services in Madhya Pradesh. P N Gadgil Jewellers declined 2.30%. The company reported 41% year-on-year (YoY) growth in revenue for the three-month period ended on 30 June 2026. The retail revenue increased 56% YoY, driven by robust same-store sales growth (SSSG) of 46%, highlighting strong demand across its existing store network. Consequently, the retail business contributed around 78% of the company's total revenue during the quarter, reflecting an increased share in the overall revenue mix. Fractal Analytics fell 2.85% after the company announced the resignation of Ashwath Bhat from the position of chief financial officer (CFO) and key managerial personnel (KMP) of the company. KP Green Engineering fell 2.07%. The company announced that it has secured fresh orders worth Rs 239.61 crore from multiple clients across diversified business segments. The orders include Rs 116.07 crore for solar projects, Rs 76.41 crore for crash barriers, Rs 16.66 crore for RSJ poles, Rs 11.32 crore for pre-engineered buildings (PEB), Rs 8.05 crore for transmission towers, Rs 6.74 crore for cable trays, rooftop solar and isolators, and Rs 4.36 crore for poles and high masts. Global Markets: European stocks traded mixed on Tuesday as investors booked profits following a strong rally over the past week, while caution prevailed ahead of key global economic data releases and the release of the Federal Reserves latest meeting minutes. Asian markets ended lower as investors awaited the release of minutes from the latest US Federal Open Market Committee (FOMC) meeting. Meanwhile, the Japanese ??yen struggled on the weaker side of 162 per dollar in early Asian trade and weakened to nearly its lowest against the British pound since 2007 at 217.09, having slid to a new low overnight. Japan is scheduled to hold an auction of 30-year government bonds on Tuesday. If the auction is weak, government bond yields could rise further and accelerate selling of the yen, a global research house has reportedly said. Oil edged higher, but gains were limited as traders turned their attention to supply increases and demand prospects after prices hit pre-Iran war levels on Monday. President Donald Trump said on Monday that the United States would either reach a deal with Iran or "finish the job," renewing his threat of military action as Tehran projected defiance following the funeral of Iran's late Supreme Leader, Ayatollah Ali Khamenei. Overnight in the US, stocks maintained their positive momentum on Monday following a strong week on Wall Street. The US ISM Services PMI eased to 54.0 in June 2026 from 54.5 in May, in line with market expectations, indicating continued expansion in the services sector at a slower pace. Business activity and new orders moderated, while employment returned to expansion and price inflation cooled to a four-month low. The S&P 500 gained 0.72% to end at 7,537.43, while the Nasdaq Composite advanced 1.12% to 26,121.16 as markets started a new trading week following Fridays U.S. Independence Day holiday. The Dow Jones Industrial Average climbed 155.84 points, or 0.29%, for a record close of 53,055.91. First Published: Jul 07 2026 | 4:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Election Commission said the notification for the bypolls will be issued on 8 July, while the last date for filing nominations is 14 July. Scrutiny of nominations will be held on 15 July, and candidates can withdraw their nominations within the prescribed period before polling on 24 July. Counting of votes will take place on the same day. The three vacancies arose after the members resigned before completing their terms, necessitating fresh elections to fill the remainder of their tenure. Rajya Sabha members are elected indirectly by elected members of the state legislative assembly through the system of proportional representation by means of the single transferable vote. The bypolls have drawn political attention as they will be the first Rajya Sabha elections from West Bengal after the change in the state's political landscape, with political observers closely watching the outcome. First Published: Jul 07 2026 | 4:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PNB Housing Finance advanced 1.63% to settle at Rs 1,107 after the company said its board will meet on 10 July 2026 to consider a proposal to raise funds through the issuance of non-convertible debentures (NCDs). The company plans to raise the funds through the issuance of non-convertible debentures on a private placement basis, subject to the necessary board and shareholder approvals. PNB Housing Finance is promoted by Punjab National Bank and is a registered housing finance company with National Housing Bank (NHB). The companys asset base comprises primarily of retail loans and corporate loans. The retail business focuses on organized mass housing segment financing for acquisition or construction of houses. In addition, it also provides loan against properties and loans for purchase & construction of non-residential premises. The company reported 19.2% rise in consolidated net profit to Rs 656 crore on a 10.8% increase in net interest income to Rs 813 crore in Q4 FY26 as compared with Q4 FY25. Total income for the period under review was Rs 2,171.91 crore, up 6.6% YoY. First Published: Jul 07 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India is rapidly strengthening its position as one of the world's leading manufacturing destinations and is emerging as a major beneficiary of the ongoing realignment of global supply chains, according to a new ASSOCHAM study titled "Global Manufacturing Undergoing Strategic Realignment: India Emerges as a Key Beneficiary of Supply Chain Diversification." The study highlights that the post-pandemic world has fundamentally reshaped global manufacturing dynamics. While China remains the world's largest manufacturing economy, new manufacturing investments and production capacity are increasingly being distributed across multiple economies as global firms adopt China+1, nearshoring and friendshoring strategies to build resilient and diversified supply chains. The analysis, covering the world's ten largest manufacturing economies, which together account for nearly 65% of global manufacturing output, reveals that India has emerged as one of the "Emerging Manufacturing Leaders" by significantly improving its manufacturing performance relative to the global average in the post-pandemic period. According to the report, India's average manufacturing growth rose from 3.44% in the pre-pandemic period (2016-19) to 4.15% in 2022-25, moving from below the global average to nearly two percentage points above the world benchmark. This remarkable improvement reflects India's growing competitiveness in the evolving global manufacturing landscape. First Published: Jul 07 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 07 2026 | 3:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Eternal stock up 2%; Motilal Oswal retains buy for 31% upside First Published: Jul 07 2026 | 3:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investors also assessed domestic economic data, which showed nominal wages rose 3.2% in May, while household spending fell 0.4%, reflecting mixed signals for the economy. Technology stocks were among the biggest losers, with Kioxia Holdings tumbling 11.3%, Taiyo Yuden falling 11%, Murata Manufacturing losing 10.1%, Lasertec declining 6.4%, and Ibiden Co dropping 7%. In contrast, financial and consumer stocks outperformed the broader market. Mitsubishi UFJ gained 2.3%, while Fast Retailing rose 1.1%, helping limit the overall market decline. First Published: Jul 07 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investor confidence weakened after the World Bank projected China's economy to grow 4.4% in 2026 and 4.3% in 2027, pointing to the prolonged property market slowdown and weak consumer demand. Adding to the cautious mood, the Chinese government set its 2026 GDP growth target at 4.5%5.0%, the lowest since 1991 and the first reduction since 2023, after keeping the target at around 5% for the previous three years. Among major stocks, Kweichow Moutai fell 1.5%, China Life Insurance dropped 3.12%, Zijin Mining Group lost 2.33%, CATL declined 0.54%, BYD slipped 1.46%, and Midea Group eased 1.1%. First Published: Jul 07 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 07 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market participants expect the rupee to remain in the 95.00-95.75 per dollar range on Tuesday unless exporter selling or central bank intervention intensifies First Published: Jul 06 2026 | 8:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 06 2026 | 8:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 06 2026 | 8:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 06 2026 | 8:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Defrail Technologies has successfully completed the vendor registration process and has been approved as a registered vendor of TEK Automotive Malaysia Sdn. Bhd., Malaysia, a reputed manufacturer and supplier in the automotive industry. Consequent to the successful vendor registration, the Company has also received its first purchase order from TEK Automotive Malaysia Sdn. Bhd. for the supply of automotive rubber hose products. First Published: Jul 06 2026 | 7:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 06 2026 | 7:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 06 2026 | 7:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 06 2026 | 7:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Glenmark said the Zyprexa intramuscular injection market achieved annual sales of approximately $25.4 million Glenmark Pharmaceuticals on Monday announced the launch of the generic version of Olanzapine injection, indicated for treatment of schizophrenia and bipolar disorder, in the US. The company's arm Glenmark Pharmaceuticals Inc, USA has launched Olanzapine for injection of strength 10 mg/vial, single-dose vial, Glenmark said in a regulatory filing. The company's Olanzapine for injection is bioequivalent and therapeutically equivalent to the reference listed drug, Zyprexa intramuscular injection 10 mg/vial, of Cheplapharm Registration GmbH, it added. "The launch of Olanzapine for Injection underscores our strategic focus on growing a robust injectables portfolio and strengthening our presence within the institutional channel," Glenmark President & Business Head, North America, Marc Kikuchi said. Citing IQVIA sales data for the 12-month period ended May 2026, Glenmark said the Zyprexa intramuscular injection market achieved annual sales of approximately $25.4 million. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 06 2026 | 10:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GCPL rises 4%; JM Financial ups target on strong Q1 update, sees 17% upside First Published: Jul 06 2026 | 10:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 06 2026 | 10:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bank of Maharashtra reported a 19% year-on-year (YoY) rise in its total business to Rs 6.51 lakh crore as of 30 June 2026. The bank's total deposits grew 13% YoY to Rs 3.44 lakh crore from Rs 3.05 lakh crore a year earlier. Global advances increased 27% YoY to Rs 3.06 lakh crore, compared with Rs 2.41 lakh crore in the corresponding period last year. Within the loan book, RAM (Retail, Agriculture and MSME) advances rose 25% to Rs 1.87 lakh crore, while domestic corporate advances grew 21% to Rs 1.11 lakh crore. The bank's CASA ratio stood at 49% at the end of the June quarter, compared with 50% a year earlier. The banks standalone net profit increased 34.89% year-on-year to Rs 2,014.09 crore from Rs 1,493.08 crore in the same quarter last year. Total income for the quarter ended 31 March 2026 increased 12.79% YoY to Rs 8,693.04 crore. Bank of Maharashtra is engaged in providing banking services. The bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and other banking operations. The scrip rose 0.61% to Rs 89.09 on the BSE. First Published: Jul 06 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Aastha Spintex were currently trading at Rs 130.10 at 10:15 IST on the BSE, representing a discount of 3.68% as compared with the issue price of Rs 136. So far, the stock has hit a high of Rs 134 and a low of Rs 130. On the BSE, over 1.68 lakh shares of the company were traded in the counter so far. The initial public offer of Aastha Spintex received bids for 6,31,27,240 shares as against 1,36,00,000 shares on offer. The issue was subscribed 4.64 times. The issue opened for bidding on 29 June 2026 and it closed on 1 July 2026. The price band of the IPO is fixed between Rs 125 and 136 per share. The IPO is entirely a fresh issue of shares worth Rs 170 crore at the upper price band of Rs 136. There is no offer for sale (OFS) component. At the upper end of the price band, the company is expected to be valued at Rs 600.33 crore post listing. The funds raised to the tune of Rs 111.5 crore will be used towards part payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited, Rs 10.0 crore will be utilised towards funding working capital requirements of Falcon Yarns Private Limited and the balance towards general corporate purposes. Incorporated in 2008, Aastha Spintex manufactures and trades carded, combed and compact combed cotton yarns and cotton bales. The company operates a semi-automated integrated spinning and ginning facility at Halvad, Gujarat, with 25,920 spindles and an annual cotton bale production capacity of 12,000 tonnes. It follows a B2B business model, supplying textile manufacturers, yarn exporters and fabric processors. Aastha has also signed an agreement to acquire a 100% stake in Falcon Yarns for Rs 111.50 crore, which is expected to increase its annual spinning capacity from 7,700 tonnes to 17,457 tonnes upon completion of the acquisition. The firm reported a consolidated net profit of Rs 2.96 crore and sales of Rs 169.53 crore for the twelve months ended on 31 March 2026. First Published: Jul 06 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Metropolis Healthcare jumped 2.97% to Rs 568.40 after the company's revenue grew around 16% YoY in Q1 FY27, driven by patient volumes along with realization benefits due to product mix change. In B2C business registered healthy volume growth, driven by increased throughput from the expanded center network. B2B volumes also grew, supported by higher wallet share and new customer acquisition, backed by improved service quality and delivery levels. The company said EBITDA margins improved on a YoY basis in line with guidance. On quarter-on-quarter basis, margins remained largely stable. During the Q4 earnings call, promoter Ameer Shah said the company has guided for a sustainable group EBITDA margin of 27%28% over the next three years. Metropolis Healthcare is Indias second-largest pathology laboratory chain, offering diagnostic testing and related services across a nationwide network, with a strong presence in specialised and preventive healthcare diagnostics. The companys consolidated net profit rose 74.67% to Rs 50.90 crore on 22.99% increase in revenue from operations to Rs 424.68 crore in Q4 FY26 over Q4 FY25. First Published: Jul 06 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total vehicle retail sales reached 25,57,234 units in June 2026, registering 21.83% yearly growth and a 1.03% increase over May. 2Ws recorded retail sales of 18,28,458 units, up 21.22% annually, making it the best June on record for the segment. On a monthly basis, however, sales were 0.89% lower. CV retail sales stood at 90,972 units, growing 16.88% year-on-year to their highest-ever June level. Rural markets outperformed urban areas, with sales rising 21.63% annually compared with 12.75% in urban markets, reflecting broader demand for goods transportation beyond metro cities. PV retail sales emerged as the strongest-performing segment, reaching 4,10,853 units, up 28.63% annually and 2.05% higher than May, marking the best June ever. Rural PV sales grew 35.09% year-on-year, outpacing urban growth of 24.67%. However, compared with May, rural PV sales declined 0.11%, while urban sales increased 3.54%, indicating a temporary monsoon-related slowdown in rural demand. 3Ws registered retail sales of 1,20,889 units, a 16.20% yearly increase, while EV penetration in the segment rose to 64.08%, the highest-ever June performance. Tractor retail sales stood at 1,00,818 units, rising 25.31% annually and 21.33% over May, making it the second-best June on record, supported by pre-Kharif farm activity. Across all vehicle categories, EV retail sales touched 3,06,220 units, the highest ever recorded in any month, taking overall EV penetration to around 12.5%. First Published: Jul 06 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee fell 10 paise to 95.28 against the American currency in early trade on Monday, weighed down by the broad strength of the American currency in the overseas market. Forex traders said whenever fresh foreign inflows enter the country, the central bank is likely to use the opportunity to rebuild its reserve position rather than allowing the rupee to strengthen too much. Moreover, uncertainty prevailed over the progress of US-Iran peace talks keeping a geopolitical risk premium in the market. At the interbank foreign exchange market, the rupee opened at 95.25, then touched 95.28 against the US dollar, registering a loss of 10 paise from its previous close. On Friday, the rupee appreciated 17 paise to close at 95.18 against the US dollar. "The message from last week is simple. When the rupee cannot rally on good news like falling oil and a softer dollar, it tells you the underlying mood is fragile. Any fresh negative trigger could push USDINR towards the 95.80 to 96.00 zone, while support holds near 94.80 to 95.00," CR Forex Advisors MD Amit Pabari said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 100.95, up 0.10 per cent. "The dollar index eased to around 100.90 as weak US jobs data continued to weigh on it. Normally, a softer dollar is exactly what the rupee needs to catch a breath. This time, it simply did not happen, and that is the part worth watching closely this week," Pabari added. Brent crude, the global oil benchmark, was trading lower by 0.58 per cent at $71.70 per barrel in futures trade. On the domestic equity market front, Sensex climbed 281.40 points to 78,051.03 in early trade, while the Nifty rallied 74.60 points to 24,347.05. Foreign institutional investors turned net buyers, purchasing equities worth ?1,355.33 crore on a net basis on Friday, according to exchange data. India's forex reserves dropped $5.654 billion to $666.933 billion during the week ended June 26, the RBI said on Friday. In the previous reporting week, the kitty jumped $963 million to $672.587 billion. The kitty had expanded to an all-time high of $728.494 billion during the week ended February 27 this year before the onset of the West Asia conflict, which led to several weeks of a drop as the rupee came under pressure and the RBI had to intervene in the forex market through dollar sales. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 06 2026 | 10:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 06 2026 | 10:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Quality Power Electrical Equipments rose 1.39% to Rs 1,141.50 after its material subsidiary, Mehru Electrical and Mechanical Engineers has secured multiple domestic orders worth approximately Rs 15.70 crore from Hitachi Energy India. The orders are for the supply of 400 kV instrument transformers and are scheduled to be executed over a period of approximately 12 months, the company said in an exchange filing. The company said the contracts have been awarded by a domestic entity and do not fall under related-party transactions. It also clarified that neither the promoter, promoter group nor group companies have any interest in the entity awarding the contracts. Quality Power Electrical Equipment is engaged in the business of energy transition equipment and power technologies. The companys consolidated net profit jumped 74.77% to Rs 33.94 crore in Q4 FY26, compared with Rs 19.42 crore in Q4 FY25. Revenue from operations surged 159.23% YoY to Rs 280.80 crore in Q4 FY26. First Published: Jul 06 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Glenmark Pharmaceuticals Inc., USA (Glenmark) announced the launch of Olanzapine for Injection, 10 mg/vial, Single-Dose Vial. Glenmark's Olanzapine for Injection is bioequivalent and therapeutically equivalent to the reference listed drug, Zyprexa2 IntraMuscular Injection 10 mg/vial, of Cheplapharm Registration GmbH [NDA 021253]. According to IQVIA sales data for the 12-month period ending May 2026, the Zyprexa IntraMuscular Injection market achieved annual sales of approximately $25.4 million. First Published: Jul 06 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Blue Cloud Softech Solutions announced the successful deployment of AI-CopWriter - described by the Hyderabad City Police as India's first AI-powered multilingual complaint-recording application - developed by the Company in collaboration with the IT Cell of Hyderabad City Police. AI-CopWriter enables a citizen to narrate a complaint in their mother tongue, which the application transcribes and translates into a complete First Information Report (FIR) draft within seconds, across ten major Indian languages with automatic language detection. Each exported document is generated as a tamper-evident PDF that automatically embeds the FIR number, the names of the complainant and accused, the recording officer's name and badge identification, the police station and the relevant sections of law - ensuring attribution and record integrity. First Published: Jul 06 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For use as ingredient in Health Supplements, Nutraceuticals and Food Products Fermenta Biotech announced that its Vitamin D3 (Cholecalciferol) - Plant Source (VITADEE Green) has received approval from the Food Safety and Standards Authority of India (FSSAI) for use as an ingredient in Health Supplements, Nutraceuticals and Food Products. The approval allows Indian food and supplement manufacturers to use VITADEE Green in fortified staple foods, food and beverages, dietary supplements and nutraceuticals, addressing one of the most pressing gaps in the country's nutritional landscape. Studies estimate that a large percentage of the Indian population has suboptimal Vitamin D levels, a deficiency increasingly linked to urbanisation, indoor lifestyles and limited sun exposure despite the country's geography. First Published: Jul 06 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty July 2026 futures currently traded 28.00 points higher, suggesting a flat opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 1,355.33 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 1,953.89 crore in the Indian equity market on 03 July 2026, provisional data showed. The FIIs have sold shares worth Rs 96.99 crore so far in July (till 03 July 2026). This follows their cash sales of Rs 49,028.63 crore in June, Rs 55,963.33 crore in May and Rs 70,135.46 crore in April. Global Markets: Asian markets traded in the green on Monday as easing oil prices promised relief from inflationary pressures. While there were no new developments in the fractious U.S.-Iran peace talks, ships ?are passing through the Strait of Hormuz with 160 vessels reported from Monday to Saturday last week. OPEC+ also agreed a further increase in output targets by 188,000 barrels per day from August, on top of similar increases for June and July. As a result, Brent slipped 0.6% to near four-month lows at $71.70 a barrel and U.S. crude lost 0.5% to $68.38. The cooling in energy costs combined with a softer U.S. payrolls report, led markets to scale back the risk of a Federal Reserve rate hike in the near term, with futures implying a 78% chance of a steady outcome at the July 29 meeting. Minutes of the ??Fed's last meeting are due on Wednesday and should offer colour on the hawkish turn by some board members, though that preceded the recent slide in oil. The US equity markets remained shut on Friday (July 03) in observance of Independence Day. The Dow Jones Industrial Average scaled to record highs on Thursday as investors reacted to a weaker-than-expected nonfarm payrolls report for June, while the Nasdaq Composite languished as semiconductors struggled once again. The 30-stock average added 594.83 points, or 1.14%, for a record close of 52,900.07. The index hit a new all-time intraday high of 52,903.85. The S&P 500 rose less than 1 point to end at 7,483.24, while the Nasdaq dropped 0.8% to 25,832.67. Domestic Market: Key benchmark indices extended gains for a third consecutive session on Friday, supported by positive global cues. Weaker-than-expected US jobs data strengthened expectations of a Federal Reserve interest rate cut at its upcoming policy meeting. The Nifty closed at 24,270.85, led by gains in IT, healthcare and metal stocks. However, profit booking in the second half trimmed intraday gains, while broader markets lagged the benchmark indices. The S&P BSE Sensex gained 261.79 points or 0.34% to 77,763.91. The Nifty 50 index jumped 95.15 points or 0.39% to 24,270.85. In the three consecutive trading sessions, the Sensex rallied 1.68% while the Nifty jumped 1.69%. First Published: Jul 06 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The project is scheduled to be completed within 60 days from the date of issuance of the work order or notice to proceed (NTP). Shakti Pumps (India) is engaged in the manufacturing and sale of pumps, motors, VFDs, inverters, and related spare parts. Its core products include engineered pumps, industrial pumps and solar pumps. The companys consolidated net profit declined 65.2% to Rs 38.33 crore in Q4 FY26 as against Rs 110.23 crore posted in Q4 FY25. Revenue from operations jumped 28.9% YoY to Rs 857.77 crore in the quarter ended March 2026. The scrip rose 0.03% to settle at Rs 574.40 on Friday, 3 July 2026. First Published: Jul 06 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company has delivered 51 real estate projects so far, comprising 17.3 million sq ft. More than 34 million sq ft is under construction Mumbai-based Oberoi Realty Ltd on Sunday said it has sold luxury homes worth ?8,109 crore in its newly launched project in Gurugram on strong consumer demand. The company had on June 29 announced its foray into the Delhi-NCR market with the launch of its first luxury housing project with a total investment of ?6,000 crore and a revenue potential of ?16,000 crore. In a regulatory filing on Sunday, Oberoi Realty said that it has "recorded gross bookings of approximately ?8,109 crore at 'Three Sixty North', its first luxury residential development in the NCR." The company has sold 13.52 lakh sq ft of RERA carpet area (23.10 lakh sq ft of saleable area) in this 14.8 acre project, it added. The company has launched the first phase of its housing project, located at Golf Course Extension Road in Gurugram, comprising 832 units across six towers. "We are launching our first project in Delhi-NCR. We feel confident now that our brand is transportable to the NCR market," Oberoi Realty CMD Vikas Oberoi had said on June 29 at a press conference in Gurugram. The company launched the first phase at a basic selling price of ?35,000 per sq ft. The cost per apartment starts from ?18 crore. "The total revenue potential of this project, including the two phases, is ?16,000 crore," Oberoi said. Asked about the investment, he said the project cost would be around ?6,000 crore for both phases. The company has delivered 51 real estate projects so far, comprising 17.3 million sq ft. More than 34 million sq ft is under construction. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 06 2026 | 8:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to Watch today: HDFC Bank, Coal India, Tata Steel, Sobha, BoB, Nykaa First Published: Jul 06 2026 | 8:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: The Nifty50 and the Sensex rose slightly. Most Asian markets advanced First Published: Jul 06 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market outlook by Angel One: Nifty support moves higher to 24,180-24,100 zone, says analyst. First Published: Jul 06 2026 | 7:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices inched lower on Monday after Opec+ agreed to further increase its output targets from August while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies. Brent crude futures slid 24 cents, or 0.33 per cent, to $71.88 a barrel by 0010 GMT after ?settling 0.45 per cent higher on Friday. US West Texas Intermediate crude was at $68.58 a barrel, down 11 cents, or 0.16 per cent. There was no settlement for WTI on Friday as US markets were closed ahead of the Independence Day holiday on Saturday. Both contracts were little changed last week, after mostly falling over the past few weeks, as investors kept a close eye on talks between the United States and Iran over the fate of shipping through the Strait of Hormuz while keeping tabs on the recovery in Gulf oil exports. The Organization of the Petroleum Exporting Countries and their allies including Russia agreed on Sunday to further ?increase output targets by 188,000 barrels per day from August, on top of similar increases for June and July. However, the increase has remained largely on paper because of the US-Israeli war with Iran, which closed the Strait of Hormuz to tanker traffic for key Opec producers, including Saudi Arabia, Kuwait and Iraq, capping their output. "The number was largely in line with expectation," IG market analyst Tony Sycamore said, "With UAE leaving and when quotas are probably still not being met due to production still ramping up after the conflict - I'm not sure they mean much at the ?moment." The United Arab Emirates quit Opec as of May 1. Gulf members have begun reviving supplies shut during the Iran war and are increasing exports. Opec oil output in June rose by 3.3 ?million barrels per day month-on-month to 19.43 million bpd, a Reuters survey found, recovering from its lowest ?in more than two decades. Gulf oil exports in June jumped more than 3 million barrels from May to exceed 10 million barrels per day, although the volume remained 40 per cent below ?pre-war levels, data showed. In addition, oil shipments from Russia's western ports hit a record high in June and are expected to maintain that level in July as its refineries have been ?damaged in drone attacks by Ukraine that have forced Moscow to boost crude exports, industry sources said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 06 2026 | 7:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gerontocracy In America: How the Old Are Hoarding Power and Wealth — and What to Do About It First Published: Jul 05 2026 | 10:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajaya Mohanty First Published: Jul 05 2026 | 10:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company said its valuation is driven by business fundamentals, long-term contracted revenues and execution visibility, and expects it to strengthen further as it expands AI infrastructure capacity and adds new customer contracts First Published: Jul 05 2026 | 8:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company said its valuation is driven by business fundamentals, long-term contracted revenues and execution visibility, and expects it to strengthen further as it expands AI infrastructure capacity and adds new customer contracts First Published: Jul 05 2026 | 8:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India was long regarded as the natural home of black tiger shrimp This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The trend was mirrored in international travel, where eight of the country’s top 10 overseas markets also saw a decline in seat capacity during the month This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 05 2026 | 6:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Agarwal attributed the company's growth to a combination of execution, profitability and the breadth of its offerings First Published: Jul 05 2026 | 5:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Agarwal attributed the company's growth to a combination of execution, profitability and the breadth of its offerings First Published: Jul 05 2026 | 5:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Trading sentiment in the stock market this week will depend on crude oil prices, global trends and the start of corporate earnings season with IT bellwether TCS reporting its June-quarter financial results on July 9, analysts said. Besides, the advancement of the southwest monsoon and trading activity of foreign investors would also influence market trading, they added. "Investors will closely monitor the quarterly results of TCS on July 9, with particular focus on management commentary regarding demand trends, discretionary spending, and AI-led business opportunities," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Last week, the BSE benchmark Sensex climbed 663.44 points, or 0.86 per cent, and the NSE Nifty increased by 214.85 points, or 0.89 per cent. "Domestically, investor attention will centre on the commencement of the Q1 FY27 earnings season from July 9, with the initial batch of corporate earnings and management commentary expected to provide valuable insights into demand conditions, margin trends, and earnings visibility," Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd, said. Additionally, the progress of the southwest monsoon and kharif sowing will remain important indicators for rural demand, inflation expectations, and overall economic growth, he noted. Meanwhile, the next round of technical talks between the US and Iran is expected to take place on July 11, although a final decision on the venue has yet to be announced. "Crude oil prices will remain in focus after stabilising around USD 6869 a barrel as concerns over disruptions to shipments through the Strait of Hormuz eased. Sustained stability in energy prices would be supportive for India's inflation outlook and external balances," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. Following softer-than-expected US labour market data, which reinforced expectations of a less hawkish Federal Reserve, investors will closely scrutinise the minutes of the Fed's June policy meeting for further insights into policymakers' assessment of the economic outlook and the likely trajectory of interest rates, he added. Looking ahead, the market's direction will be shaped by the US Federal Open Market Committee (FOMC) minutes, the start of the domestic earnings season and monsoon progress, Vinod Nair, Head of Research, Geojit Investments Limited, said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 05 2026 | 2:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Home-grown liquor major Radico Khaitan expects 20 per cent growth in its premium-and-above segment in the current financial year, expansion in white spirits and a margin rise of 120 basis points despite the short-term volatility in the raw material costs, according to its Managing Director Abhishek Khaitan. The company, which owns Rampur Indian Single Malt, Jaisalmer Indian Craft Gin, Magic Moments Vodka, Morpheus Brandy, and 8 PM Whisky, is encouraged after its net sales crossed ?6,000 crore in FY26, which it claims is the "highest-ever growth" with EBITDA breaching the ?1,000 crore mark. Outlining the outlook for FY27, Khaitan told PTI that he expects a growth of "20 per cent in premium volume" and "25 per cent value growth in the luxury", along with margin expansion, despite all short-term volatility in raw material costs. "We would see a 120 basis point margin expansion this year," he said. The company had achieved an Ebitda margin of close to 16.8 per cent last fiscal and expects this to expand by 125 basis points in FY27, driven largely by premiumisation and growth in white spirits. Radico Khaitan's luxury portfolio, comprising single malts and brands such as Royal Ranthambore, clocked a turnover of ?475 crore last fiscal and is expected to grow 25 per cent over the next two to three years, Khaitan said. It has recently launched a new expression, 'Rampur 1943 Virasat ', an "affordable luxury" single malt priced between ?3,500 and ?4,000 a bottle (750 ml), to fill the entry-level gap in the segment and widen its consumer base. "With this, we are trying to now cater to the entire spectrum of the Indian single malt," he said. Its Rampur Single Malt range, which has won several global accolades, priced between ?8,500 and ?5 lakh a bottle, now has nine expressions. "We started with a very high-end price point of ?8,500 and for eight years have been investing in our malt capacities... now that investment is bearing results," Khaitan said, adding that Rampur is the only Indian single malt to partner with Air India across its international flights. Its Luxury portfolio includes Rampur Indian Single Malt, Jaisalmer Gin, Kohinoor - Dark Rum, Virasat Indian Single Malt and Sangam World Malt. In FY26, Radico Khaitan sold 36.62 million cases, where Prestige & Above stood at 16.7 million cases, contributing 45.6 per cent. It had contributed ?3,063.7 crore, which is 70.3 per cent of Radico Khaitan's total IMFL revenue. Its Prestige & Above portfolio includes brands like After Dark, Magic Moments, Morpheus Brandy, and Royal Ranthambore. Khaitan further said India is witnessing a structural shift towards white spirits, particularly vodka, a trend he described as significant for the industry. While vodka accounts for 28 per cent of the global spirits market, its share in India was just 3 per cent until three years ago. This has since risen to 4.5 per cent last year and touched 6 per cent between April and June this year, he pointed out. "This is a huge shift in the liquor industry... I think white spirits are the future," Khaitan said, noting that younger consumers and women are the primary drivers of white spirit consumption in India's relatively young population. The company's flagship Magic Moment Vodka, which holds close to 60 per cent market share in India's vodka segment, sold more than a million cases every month between April and June, taking quarterly sales to about 3.3 million cases compared to 2.27 million cases a year earlier, a growth of over 45 per cent, Khaitan said. Magic Moment is the fifth-largest-selling vodka brand globally, he said, adding that flavoured vodka, which accounts for 65-70 per cent of the Indian market, has been central to the company's innovation strategy, with regional flavours such as mango, jamun and thandai, resonating strongly with younger consumers. When asked about exports, Khaitan said the company derives about 8 per cent of its total sales value from overseas markets, with a presence in 100 countries and 63 duty-free outlets. "We aim to increase this to 100 duty-free shops," he said, adding that "our exports are getting quite robust. There is this intrigue or mystique about the Indian brands, especially the single malts, which is really taking the foreign consumers. The Indian brands are getting popular globally". Over capital expenditure, Khaitan said the company does not have a "significant capex plan" for FY27. "So, on a run rate basis, it will be more like ?150 to 175 crore, in which around 50-60 crore is maintenance capex. The rest goes into specific brand-related activities like malt maturation, facilities, and barrels," said Khaitan. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 05 2026 | 2:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 05 2026 | 2:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company, which accounts for around 80 per cent of India's domestic coal output, produced 169.6 million tonnes (MT) of coal during the April-June quarter of FY27, down from 183.4 MT in the corresponding period last year First Published: Jul 05 2026 | 1:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company, which accounts for around 80 per cent of India's domestic coal output, produced 169.6 million tonnes (MT) of coal during the April-June quarter of FY27, down from 183.4 MT in the corresponding period last year First Published: Jul 05 2026 | 1:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The market valuation of Bharti Airtel jumped ?36,529.21 crore to ?11,63,877.30 crore, the most among the top-10 firms The combined market valuation of 6 of the top-10 most valued firms surged by ?1 lakh crore last week, with Bharti Airtel and Bajaj Finance emerging as the biggest gainers, amid a largely positive trend in equities. Last week, the BSE benchmark Sensex climbed 663.44 points, or 0.86 per cent, and the NSE Nifty rose 214.85 points, or 0.89 per cent. Markets ended the week on a firm footing, supported by resilient domestic macroeconomic indicators, healthy GST collections and improving industrial activity, Ajit Mishra, SVP, Research, Religare Broking Ltd, said. "Expectations of a more accommodative global monetary policy following softer-than-expected US labour market data further strengthened investor sentiment," he added. The market valuation of Bharti Airtel jumped ?36,529.21 crore to ?11,63,877.30 crore, the most among the top-10 firms. Bajaj Finance added ?33,059.83 crore, taking its valuation to ?6,43,141.36 crore. ICICI Bank's valuation surged ?16,084.29 crore to ?10,11,695.03 crore, and that of Life Insurance Corporation of India (LIC) climbed ?8,601.99 crore to ?5,44,139.55 crore. The market capitalisation (mcap) of HDFC Bank rallied ?7,664.89 crore to ?12,33,646.33 crore, and that of Hindustan Unilever edged higher by ?6,461.38 crore to ?5,17,086.30 crore. However, the mcap of Larsen & Toubro tumbled ?26,572.2 crore to ?5,53,978.63 crore. The mcap of Reliance Industries eroded by ?18,945.56 crore to ?17,64,981.36 crore, and that of State Bank of India (SBI) declined by ?4,846.08 crore to ?9,59,891.92 crore. The market valuation of Tata Consultancy Services (TCS) dipped by ?1,031.15 crore to ?7,57,175.27 crore. Reliance Industries remained the country's most valued firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, SBI, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 05 2026 | 12:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The market valuation of Bharti Airtel jumped ?36,529.21 crore to ?11,63,877.30 crore, the most among the top-10 firms The combined market valuation of 6 of the top-10 most valued firms surged by ?1 lakh crore last week, with Bharti Airtel and Bajaj Finance emerging as the biggest gainers, amid a largely positive trend in equities. Last week, the BSE benchmark Sensex climbed 663.44 points, or 0.86 per cent, and the NSE Nifty rose 214.85 points, or 0.89 per cent. Markets ended the week on a firm footing, supported by resilient domestic macroeconomic indicators, healthy GST collections and improving industrial activity, Ajit Mishra, SVP, Research, Religare Broking Ltd, said. "Expectations of a more accommodative global monetary policy following softer-than-expected US labour market data further strengthened investor sentiment," he added. The market valuation of Bharti Airtel jumped ?36,529.21 crore to ?11,63,877.30 crore, the most among the top-10 firms. Bajaj Finance added ?33,059.83 crore, taking its valuation to ?6,43,141.36 crore. ICICI Bank's valuation surged ?16,084.29 crore to ?10,11,695.03 crore, and that of Life Insurance Corporation of India (LIC) climbed ?8,601.99 crore to ?5,44,139.55 crore. The market capitalisation (mcap) of HDFC Bank rallied ?7,664.89 crore to ?12,33,646.33 crore, and that of Hindustan Unilever edged higher by ?6,461.38 crore to ?5,17,086.30 crore. However, the mcap of Larsen & Toubro tumbled ?26,572.2 crore to ?5,53,978.63 crore. The mcap of Reliance Industries eroded by ?18,945.56 crore to ?17,64,981.36 crore, and that of State Bank of India (SBI) declined by ?4,846.08 crore to ?9,59,891.92 crore. The market valuation of Tata Consultancy Services (TCS) dipped by ?1,031.15 crore to ?7,57,175.27 crore. Reliance Industries remained the country's most valued firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, SBI, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 05 2026 | 12:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The market valuation of Bharti Airtel jumped ?36,529.21 crore to ?11,63,877.30 crore, the most among the top-10 firms The combined market valuation of 6 of the top-10 most valued firms surged by ?1 lakh crore last week, with Bharti Airtel and Bajaj Finance emerging as the biggest gainers, amid a largely positive trend in equities. Last week, the BSE benchmark Sensex climbed 663.44 points, or 0.86 per cent, and the NSE Nifty rose 214.85 points, or 0.89 per cent. Markets ended the week on a firm footing, supported by resilient domestic macroeconomic indicators, healthy GST collections and improving industrial activity, Ajit Mishra, SVP, Research, Religare Broking Ltd, said. "Expectations of a more accommodative global monetary policy following softer-than-expected US labour market data further strengthened investor sentiment," he added. The market valuation of Bharti Airtel jumped ?36,529.21 crore to ?11,63,877.30 crore, the most among the top-10 firms. Bajaj Finance added ?33,059.83 crore, taking its valuation to ?6,43,141.36 crore. ICICI Bank's valuation surged ?16,084.29 crore to ?10,11,695.03 crore, and that of Life Insurance Corporation of India (LIC) climbed ?8,601.99 crore to ?5,44,139.55 crore. The market capitalisation (mcap) of HDFC Bank rallied ?7,664.89 crore to ?12,33,646.33 crore, and that of Hindustan Unilever edged higher by ?6,461.38 crore to ?5,17,086.30 crore. However, the mcap of Larsen & Toubro tumbled ?26,572.2 crore to ?5,53,978.63 crore. The mcap of Reliance Industries eroded by ?18,945.56 crore to ?17,64,981.36 crore, and that of State Bank of India (SBI) declined by ?4,846.08 crore to ?9,59,891.92 crore. The market valuation of Tata Consultancy Services (TCS) dipped by ?1,031.15 crore to ?7,57,175.27 crore. Reliance Industries remained the country's most valued firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, SBI, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 05 2026 | 12:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The market valuation of Bharti Airtel jumped ?36,529.21 crore to ?11,63,877.30 crore, the most among the top-10 firms The combined market valuation of 6 of the top-10 most valued firms surged by ?1 lakh crore last week, with Bharti Airtel and Bajaj Finance emerging as the biggest gainers, amid a largely positive trend in equities. Last week, the BSE benchmark Sensex climbed 663.44 points, or 0.86 per cent, and the NSE Nifty rose 214.85 points, or 0.89 per cent. Markets ended the week on a firm footing, supported by resilient domestic macroeconomic indicators, healthy GST collections and improving industrial activity, Ajit Mishra, SVP, Research, Religare Broking Ltd, said. "Expectations of a more accommodative global monetary policy following softer-than-expected US labour market data further strengthened investor sentiment," he added. The market valuation of Bharti Airtel jumped ?36,529.21 crore to ?11,63,877.30 crore, the most among the top-10 firms. Bajaj Finance added ?33,059.83 crore, taking its valuation to ?6,43,141.36 crore. ICICI Bank's valuation surged ?16,084.29 crore to ?10,11,695.03 crore, and that of Life Insurance Corporation of India (LIC) climbed ?8,601.99 crore to ?5,44,139.55 crore. The market capitalisation (mcap) of HDFC Bank rallied ?7,664.89 crore to ?12,33,646.33 crore, and that of Hindustan Unilever edged higher by ?6,461.38 crore to ?5,17,086.30 crore. However, the mcap of Larsen & Toubro tumbled ?26,572.2 crore to ?5,53,978.63 crore. The mcap of Reliance Industries eroded by ?18,945.56 crore to ?17,64,981.36 crore, and that of State Bank of India (SBI) declined by ?4,846.08 crore to ?9,59,891.92 crore. The market valuation of Tata Consultancy Services (TCS) dipped by ?1,031.15 crore to ?7,57,175.27 crore. Reliance Industries remained the country's most valued firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, SBI, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 05 2026 | 12:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Around 30 per cent of sales of the Windsor comes from four metros -- Delhi, Mumbai, Kolkata and Chennai -- and 70 per cent from the rest of India. JSW MG Motor India is looking to increase localisation level of its flagship electric vehicle Windsor to over 70 per cent to reduce supply chain risks as it eyes a double-digit overall sales growth in 2026, according to company Managing Director Anurag Mehrotra. The Windsor EV, which has crossed cumulative wholesales of 75,000 units in 21 months since launch in October 2024, has become the company's growth driver. "As demand for Windsor continues to grow, we are focusing on increasing the localisation levels to over 70 per cent to reduce supply chain risks. The MG Windsor will continue to be one of our flagship products, enabling us to target a double digit growth by the end of this calendar year," Mehrotra told PTI. In 2025, JSW MG Motor India clocked total sales of 70,554 across its models. In June this year, Windsor clocked sales of 4,056 units. In the past 21 months it has clocked an average monthly sales of 3,700 units per, thus becoming a growth driver for the company. It is priced between ?14.09 lakh and ?18.60 lakh (ex-showroom). Mehrotra said, "The Windsor is a winning proposition delivering strong value and resonating with the preferences of Indian car buyers." With its customers spanning across metros and emerging markets, he said, "The MG Windsor has meaningfully contributed to accelerating India's EV adoption, transforming the way India moves." Around 30 per cent of sales of the Windsor comes from four metros -- Delhi, Mumbai, Kolkata and Chennai -- and 70 per cent from the rest of India. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 05 2026 | 11:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 05 2026 | 11:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cube Highways Trust is planning to launch its ?5,000-crore initial public offering, comprising entirely an offer-for-sale component, this month, as it looks to broaden its investor base and improve liquidity, people familiar with the matter said. The proposed issue is structured entirely as an offer for sale (OFS), according to the draft papers. Cube Highways Trust (Cube InvIT), which owns a portfolio of highway assets across India, had 27 operational assets spanning 8,754 lane kilometres across 12 states and one Union Territory as of March 31, 2026, with an average residual concession life of 18 years. In a message to unitholders in the FY26 annual report, its Chief Executive Officer Vinay C Sekar said the trust's strategy remains focused on disciplined acquisitions, predictable distributions, financial prudence and operational efficiency. About 85 per cent of the portfolio comprises toll road assets that benefit from traffic growth and inflation-linked toll revisions, and the remaining 15 per cent consists of annuity assets backed by contracted payments from the National Highways Authority of India (NHAI). Cube InvIT declared a distribution per unit of ?13.77 for FY26, taking total distributions for the year to ?1,851 crore. Its net debt stood at ?17,768 crore at the end of March, while its net debt-to-enterprise value ratio was 46.82 per cent. Moreover, assets under management rose to ?36,842 crore, supported by nine acquisitions during the fiscal year. The trust has also signed commitment letters for four highway projects with a combined enterprise value of about ?7,300 crore, which would expand its portfolio to 31 assets across 13 states and one Union Territory. It has also secured a right of first offer on three sponsor assets, providing an additional pipeline for future growth. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 05 2026 | 10:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cube Highways Trust is planning to launch its ?5,000-crore initial public offering, comprising entirely an offer-for-sale component, this month, as it looks to broaden its investor base and improve liquidity, people familiar with the matter said. The proposed issue is structured entirely as an offer for sale (OFS), according to the draft papers. Cube Highways Trust (Cube InvIT), which owns a portfolio of highway assets across India, had 27 operational assets spanning 8,754 lane kilometres across 12 states and one Union Territory as of March 31, 2026, with an average residual concession life of 18 years. In a message to unitholders in the FY26 annual report, its Chief Executive Officer Vinay C Sekar said the trust's strategy remains focused on disciplined acquisitions, predictable distributions, financial prudence and operational efficiency. About 85 per cent of the portfolio comprises toll road assets that benefit from traffic growth and inflation-linked toll revisions, and the remaining 15 per cent consists of annuity assets backed by contracted payments from the National Highways Authority of India (NHAI). Cube InvIT declared a distribution per unit of ?13.77 for FY26, taking total distributions for the year to ?1,851 crore. Its net debt stood at ?17,768 crore at the end of March, while its net debt-to-enterprise value ratio was 46.82 per cent. Moreover, assets under management rose to ?36,842 crore, supported by nine acquisitions during the fiscal year. The trust has also signed commitment letters for four highway projects with a combined enterprise value of about ?7,300 crore, which would expand its portfolio to 31 assets across 13 states and one Union Territory. It has also secured a right of first offer on three sponsor assets, providing an additional pipeline for future growth. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 05 2026 | 10:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cube Highways Trust is planning to launch its ?5,000-crore initial public offering, comprising entirely an offer-for-sale component, this month, as it looks to broaden its investor base and improve liquidity, people familiar with the matter said. The proposed issue is structured entirely as an offer for sale (OFS), according to the draft papers. Cube Highways Trust (Cube InvIT), which owns a portfolio of highway assets across India, had 27 operational assets spanning 8,754 lane kilometres across 12 states and one Union Territory as of March 31, 2026, with an average residual concession life of 18 years. In a message to unitholders in the FY26 annual report, its Chief Executive Officer Vinay C Sekar said the trust's strategy remains focused on disciplined acquisitions, predictable distributions, financial prudence and operational efficiency. About 85 per cent of the portfolio comprises toll road assets that benefit from traffic growth and inflation-linked toll revisions, and the remaining 15 per cent consists of annuity assets backed by contracted payments from the National Highways Authority of India (NHAI). Cube InvIT declared a distribution per unit of ?13.77 for FY26, taking total distributions for the year to ?1,851 crore. Its net debt stood at ?17,768 crore at the end of March, while its net debt-to-enterprise value ratio was 46.82 per cent. Moreover, assets under management rose to ?36,842 crore, supported by nine acquisitions during the fiscal year. The trust has also signed commitment letters for four highway projects with a combined enterprise value of about ?7,300 crore, which would expand its portfolio to 31 assets across 13 states and one Union Territory. It has also secured a right of first offer on three sponsor assets, providing an additional pipeline for future growth. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 05 2026 | 10:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cube Highways Trust is planning to launch its ?5,000-crore initial public offering, comprising entirely an offer-for-sale component, this month, as it looks to broaden its investor base and improve liquidity, people familiar with the matter said. The proposed issue is structured entirely as an offer for sale (OFS), according to the draft papers. Cube Highways Trust (Cube InvIT), which owns a portfolio of highway assets across India, had 27 operational assets spanning 8,754 lane kilometres across 12 states and one Union Territory as of March 31, 2026, with an average residual concession life of 18 years. In a message to unitholders in the FY26 annual report, its Chief Executive Officer Vinay C Sekar said the trust's strategy remains focused on disciplined acquisitions, predictable distributions, financial prudence and operational efficiency. About 85 per cent of the portfolio comprises toll road assets that benefit from traffic growth and inflation-linked toll revisions, and the remaining 15 per cent consists of annuity assets backed by contracted payments from the National Highways Authority of India (NHAI). Cube InvIT declared a distribution per unit of ?13.77 for FY26, taking total distributions for the year to ?1,851 crore. Its net debt stood at ?17,768 crore at the end of March, while its net debt-to-enterprise value ratio was 46.82 per cent. Moreover, assets under management rose to ?36,842 crore, supported by nine acquisitions during the fiscal year. The trust has also signed commitment letters for four highway projects with a combined enterprise value of about ?7,300 crore, which would expand its portfolio to 31 assets across 13 states and one Union Territory. It has also secured a right of first offer on three sponsor assets, providing an additional pipeline for future growth. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 05 2026 | 10:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 05 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kolkata-based Laser Power & Infra Ltd (LPIL), an integrated manufacturer of power cables, conductors and specialised products for the power transmission and distribution industry, will launch its ?742 crore initial public offering (IPO) on July 9. The issue will close on July 13, according to its red herring prospectus. The IPO comprises a fresh issue of equity shares worth ?542 crore and an offer for sale (OFS) of shares aggregating up to ?200 crore by promoter selling shareholders, according to filings. Net proceeds from the fresh issue will be utilised towards repayment or prepayment of borrowings amounting to ?490 crore and for general corporate purposes. LPIL operates three manufacturing units in West Bengal with a combined installed capacity of 85,448 MT. The company reported revenue of ?2,326 crore and net profit of ?151 crore in FY26. Its order book stood at ?3,243 crore as of March 31, 2026. The firm, which also has an EPC division, is a licensed stranding partner of US-based TS Conductor, enabling it to locally manufacture advanced high-capacity conductors that are lighter, stronger and more energy-efficient than conventional ACSR or CFCC conductors. Its clientele includes Indian Railways, multiple Odisha distribution companies and private EPC players such as Montecarlo Ltd and KRYFS Power Components Ltd. According to CRISIL, the domestic cables and wire market is projected to grow at a CAGR of 13 per cent, driven by infrastructure projects, railway electrification, smart grid investments and export demand. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 04 2026 | 7:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kolkata-based Laser Power & Infra Ltd (LPIL), an integrated manufacturer of power cables, conductors and specialised products for the power transmission and distribution industry, will launch its ?742 crore initial public offering (IPO) on July 9. The issue will close on July 13, according to its red herring prospectus. The IPO comprises a fresh issue of equity shares worth ?542 crore and an offer for sale (OFS) of shares aggregating up to ?200 crore by promoter selling shareholders, according to filings. Net proceeds from the fresh issue will be utilised towards repayment or prepayment of borrowings amounting to ?490 crore and for general corporate purposes. LPIL operates three manufacturing units in West Bengal with a combined installed capacity of 85,448 MT. The company reported revenue of ?2,326 crore and net profit of ?151 crore in FY26. Its order book stood at ?3,243 crore as of March 31, 2026. The firm, which also has an EPC division, is a licensed stranding partner of US-based TS Conductor, enabling it to locally manufacture advanced high-capacity conductors that are lighter, stronger and more energy-efficient than conventional ACSR or CFCC conductors. Its clientele includes Indian Railways, multiple Odisha distribution companies and private EPC players such as Montecarlo Ltd and KRYFS Power Components Ltd. According to CRISIL, the domestic cables and wire market is projected to grow at a CAGR of 13 per cent, driven by infrastructure projects, railway electrification, smart grid investments and export demand. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 04 2026 | 7:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kolkata-based Laser Power & Infra Ltd (LPIL), an integrated manufacturer of power cables, conductors and specialised products for the power transmission and distribution industry, will launch its ?742 crore initial public offering (IPO) on July 9. The issue will close on July 13, according to its red herring prospectus. The IPO comprises a fresh issue of equity shares worth ?542 crore and an offer for sale (OFS) of shares aggregating up to ?200 crore by promoter selling shareholders, according to filings. Net proceeds from the fresh issue will be utilised towards repayment or prepayment of borrowings amounting to ?490 crore and for general corporate purposes. LPIL operates three manufacturing units in West Bengal with a combined installed capacity of 85,448 MT. The company reported revenue of ?2,326 crore and net profit of ?151 crore in FY26. Its order book stood at ?3,243 crore as of March 31, 2026. The firm, which also has an EPC division, is a licensed stranding partner of US-based TS Conductor, enabling it to locally manufacture advanced high-capacity conductors that are lighter, stronger and more energy-efficient than conventional ACSR or CFCC conductors. Its clientele includes Indian Railways, multiple Odisha distribution companies and private EPC players such as Montecarlo Ltd and KRYFS Power Components Ltd. According to CRISIL, the domestic cables and wire market is projected to grow at a CAGR of 13 per cent, driven by infrastructure projects, railway electrification, smart grid investments and export demand. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 04 2026 | 7:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Karur Vysya Bank reported a 15.94% year-on-year increase in total business to Rs 2,27,265 crore as of 30 June 2026. Advances grew 17.12% year-on-year to Rs 1,04,678 crore, while total deposits rose 14.94% to Rs 1,22,587 crore as of 30 June 2026. CASA deposits increased 15.26% year-on-year to Rs 33,777 crore as of 30 June 2026. Karur Vysya Bank has engaged with leading FinTech companies for expanding our reach and providing innovative financial services. The banks standalone net profit jumped 41.2% to Rs 724.96 crore on 16.3% rise in total income to Rs 3,519.45 crore in Q4 FY26 over Q4 FY25. The scrip shed 0.70% to settle at Rs 291.90 on Friday, 3 July 2026. First Published: Jul 04 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Yes Bank reported an 18.4% year-on-year increase in loans and advances to Rs 2,85,315 crore as of 30 June 2026. Deposits grew 14.3% year-on-year to Rs 3,15,397 crore as of 30 June 2026. CASA deposits increased 14.3% to Rs 1,03,258 crore, while the CASA ratio stood at 32.7%, compared with 32.8% as of 30 June 2025. Yes Bank, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to Retail, MSME, and Corporate clients. The bank operates its brokerage business through Yes Securities, a subsidiary of the bank. The bank has a pan-India presence including an International Banking Unit (IBU) at GIFT City, and a representative office in Abu Dhabi. Yes Bank reported 44.75% jump in standalone net profit to Rs 1,068.42 crore on 0.27% increase in total income to Rs 9,381.07 crore in Q4 FY26 over Q4 FY25. The scrip rose 0.58% to settle at Rs 24.39 on Friday, 3 July 2026. First Published: Jul 04 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 04 2026 | 3:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 04 2026 | 3:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vikram Doraiswami, India's High Comissioner to China China opening its market to Indian products, especially pharmaceuticals, coupled with investments in New Delhi, will be "good for the larger country-to-country relationship", envoy Vikram Doraiswami said on Saturday. "Obviously, we would like to be able to export more to China. There is nothing unreasonable about suggesting that, particularly in areas where we believe we have a competitive advantage such as pharmaceuticals," the Indian ambassador said. The envoy made these remarks during a a panel discussion on Protectionism and Global Economic Governance at the World Peace Forum organised by China's Tsinghua University here. "For instance, we're one of the world's biggest exporters of pharmaceuticals to advanced markets," he said, answering a question on India, China trade and investment ties. Trade and commerce constitute an important component of India-China relations. China has overtaken the US to emerge as India's largest trading partner in 2025-26, with bilateral trade reaching $151.1 billion. However, the country's trade deficit with Beijing widened to an all-time high of $112.16 billion during the period, according to the Indian Ministry of Commerce data. India's exports to China rose 36.66 per cent to $19.47 billion during the last fiscal year, while imports increased 16 per cent to $131.63 billion. The trade deficit swelled to an all-time high of $112.6 billion in 2025-26 as against $99.2 billion in 2024-25. India has long been demanding that China open its IT, pharmaceutical and agriculture sectors, which are the country's strong areas. Doraiswami recently held talks with Wang Liping, Director General of the Department of Asian Affairs, Ministry of Commerce of China, to discuss initiatives to step up trade ties. The envoy expressed hope that Chinese partners will work with India to ensure that firms producing high-quality generic medicines, which are exported to the US and other places, can be exported to the Chinese market as well. "We think there is a balance of advantage for both countries, including value for China and of course, value for the relationship," he said. Answering a question on a balanced policy between exports and investments, Doraiswami said, Chinese investments are also "good for the larger country-to-country relationship". The envoy, in an apparent reference to the recent easing of restrictions by the Indian government on Chinese investments, said the relationship between the two countries is moving towards "normalisation". "India has taken steps to re-establish opportunity for Chinese businesses to invest in the Indian market," he said, adding, "Indeed, the policy environment has been specifically changed in the last few months to facilitate greater Chinese investment." Doraiswami also invited Chinese businesses to invest in India, and said the Indian embassy is willing, not just to help make the investment happen, but also to listen to their concerns. "That I think is good for the economics of the relationship. It is also good for the larger country-to-country relationship," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 04 2026 | 3:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The BIA is a landmark step towards strengthening bilateral economic relations and ensuring a secure and predictable investment climate, robust in protection of investment and investor with respect to their investments while being ?exible enough to retain sovereign policy space in line with legitimate public policy objectives, re?ecting the modern principles and evolving jurisprudence of international investment law. The BIA is expected to contribute to increased cross-border investment activity and further deepen the economic partnership between India and Israel. First Published: Jul 04 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Godrej Consumer Products said it expects to deliver high-teens revenue growth in the June quarter (Q1 FY27), ahead of its full-year guidance of double-digit revenue growth, backed by strong high-single-digit underlying volume growth (UVG). The FMCG industry witnessed an acceleration in value growth during the quarter, while the demand environment remained stable despite crude-led input cost inflation. At the consolidated level, the company expects EBITDA to come in ahead of its double-digit guidance, although margins are likely to be lower due to exceptional cost pressures. The standalone business is expected to deliver double-digit revenue growth, underpinned by high-single-digit underlying volume growth, with broad-based growth across categories. The Indonesian business delivered a meaningful step-up in performance, reporting mid-teens revenue growth backed by double-digit underlying volume growth. The company said competitive pressures have eased and market share gains have been sustained across categories, putting the business back on a profitable growth trajectory. The GAUM (Godrej Africa, USA and Middle East) business delivered another exceptionally strong quarter, registering extremely strong double-digit sales growth backed by strong underlying volume growth in the teens. Growth was broad-based across geographies and categories, while the company's strategy of building FMCG categories continued to see strong consumer traction across markets. The company said input costs remained elevated through most of the quarter but have begun to ease in the closing weeks. It added that its response has included calibrated pricing actions, strong delivery on cost-savings programmes and prudent media optimization, with margins expected to recover progressively through the year. The company also said El Ni conditions could heighten weather volatility across its key markets, potentially disrupting agricultural output and rural demand. However, its geographically diversified sourcing and portfolio provide meaningful resilience against such volatility, and it does not foresee any major impact. "With revenue growth tracking ahead of our original expectations and input costs beginning to ease, we enter the remainder of FY27 with increased confidence. We remain firmly on track to deliver our guidance for the full year with the strong likelihood to exceed the same in select metrics," the company said. The company added that it remains confident in the resilience of its portfolio, the strength of its brands, and its ability to deliver sustained, profitable growth going forward. Godrej Consumer Products is an Indian consumer goods company. The company's products include soap, hair colorants, toiletries and liquid detergents. The company reported a 9.68% increase in consolidated net profit to Rs 451.77 crore on a 1.18% rise in sales to Rs 3,884.90 crore in Q4 FY26 over Q4 FY25. Shares of Godrej Consumer Products shed 0.13% to settle at Rs 1,075.85 on Friday, 3 July 2026. First Published: Jul 04 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Quality Power Electrical Equipments said its material subsidiary, Mehru Electrical and Mechanical Engineers has secured multiple domestic orders worth approximately Rs 15.70 crore from Hitachi Energy India. The orders are for the supply of 400 kV instrument transformers and are scheduled to be executed over a period of approximately 12 months, the company said in an exchange filing. The company said the contracts have been awarded by a domestic entity and do not fall under related-party transactions. It also clarified that neither the promoter, promoter group nor group companies have any interest in the entity awarding the contracts. Quality Power Electrical Equipment is engaged in the business of energy transition equipment and power technologies. The companys consolidated net profit jumped 74.77% to Rs 33.94 crore in Q4 FY26, compared with Rs 19.42 crore in Q4 FY25. Revenue from operations surged 159.23% YoY to Rs 280.80 crore in Q4 FY26. The scrip fell 4.45% to settle at Rs 1,125.85 on Friday, 3 July 2026. First Published: Jul 04 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bandhan Bank reported total deposits increased 6.6% year-on-year (YoY) to Rs 1,64,886 crore as of 30 June 2026, compared with Rs 1,54,666 crore as of 30 June 2025. Bulk deposits stood at Rs 42,930 crore as of 30 June 2026, down 12.7% year-on-year (YoY) and 2.0% QoQ. The retail-to-total deposits ratio improved to 73.96% as of 30 June 2026, compared with 68.22% as of 30 June 2025 and 73.67% as of 31 March 2026. The bank's CASA deposits stood at Rs 48,478 crore as of 30 June 2026, up 15.8% YoY but down 0.6% QoQ. The CASA ratio improved to 29.40% as of 30 June 2026, compared with 27.06% as of 30 June 2025 and 29.31% as of 31 March 2026. Loans and advances (on-book + PTC) increased 16.4% YoY to Rs 1,55,513 crore as of 30 June 2026. On a QoQ basis, loans and advances (on-book + PTC) rose 0.8% from Rs 1,54,233 crore as of 31 March 2026. The bank's liquidity coverage ratio (LCR) stood at approximately 146.65% as of 30 June 2026. Pan-bank collection efficiency (excluding NPAs) remained at approximately 98.9% in June 2026. Collection efficiency for the emerging entrepreneurs' business (EEB) segment stood at 98.5%, while that for the non-EEB segment was 99.4% in June 2026. Bandhan Bank is one of Indias fastest-growing private sector banks. The banks standalone net profit jumped 68% to Rs 530 crore on a 3.2% increase in net total income to Rs 3,570 crore in Q4 March 2026 over Q4 March 2025. Shares of Bandhan Bank fell 2.22% to settle at Rs 200.55 on Friday, 3 July 2026. First Published: Jul 04 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank reported its business update for the quarter ended 30 June 2026. Average deposits increased 13.3% YoY and 5.6% QoQ to Rs 30,11,400 crore. Average CASA deposits stood at Rs 9,57,000 crore, up 11.2% YoY and 4.2% QoQ, while average time deposits rose 14.3% YoY and 6.3% QoQ to Rs 20,54,400 crore. As of 30 June 2026, period-end advances under management increased 12.4% YoY and 2.3% QoQ to Rs 31,27,000 crore. Period-end gross advances rose 15.4% YoY and 3.4% QoQ to Rs 30,61,000 crore. Period-end deposits increased 14.7% YoY and 2.1% QoQ to Rs 31,70,500 crore. Period-end CASA deposits stood at Rs 10,25,500 crore, up 9.4% YoY but down 3.3% QoQ, while period-end time deposits rose 17.4% YoY and 4.9% QoQ to Rs 21,45,000 crore. HDFC Bank is India's largest private sector lender. As of 31 March 2026, the bank's distribution network was at 9,689 branches and 21,172 ATMs across 4,175 cities/towns as against 9,455 branches and 21,139 ATMs across 4,150 cities/towns as of 31 March 2025. The bank reported a 9.11% jump in standalone net profit to Rs 19,221.05 crore in Q4 FY26 as against Rs 17,616.14 crore in Q4 FY25. Total income rose marginally to Rs 89,808.90 crore in Q4 FY26 from Rs 89,487.99 crore in the corresponding quarter last year. Shares of HDFC Bank rose 0.60% to settle at Rs 801 on Friday, 3 July 2026. First Published: Jul 04 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dabur India expects to report double-digit growth in both consolidated revenue and profit after tax (PAT) for the quarter ended 30 June 2026. The company said its India FMCG business maintained growth momentum during the quarter, with rural demand continuing to outpace urban markets. It expects the domestic FMCG business to post near double-digit growth. The Home and Personal Care business is expected to grow at a near-teen rate. Hair oils and shampoos are likely to deliver high-teen growth, while oral care is expected to post near double-digit growth. Dabur said brands including the Herbal franchise, Meswak, Red Toothpaste and Lal Dant Manjan recorded broad-based growth. The healthcare business is expected to record mid-single-digit growth with sequential improvement. Flagship brands such as Hajmola, Pudin Hara, the Health Juices range, Dabur Honitus and Isabgol are expected to post robust double-digit growth. Dabur Glucose also recovered sequentially after being impacted during the early part of the quarter. The food business continued to record high double-digit growth, led by Badshah, while the beverage portfolio recovered sequentially on the back of strong growth in the Real Activ Juices range and Coconut Water. Emerging channels, including e-commerce, quick commerce and modern trade, are expected to post strong double-digit growth. Rural markets continued to outperform urban markets. Dabur's international business is expected to post high-teen growth in rupee terms despite headwinds in the Middle East. Markets including Egypt, Turkey, Bangladesh and the UK recorded strong double-digit growth. The company said elevated inflation, particularly in the haircare segment, was mitigated through calibrated price increases, helping maintain stable operating margins. It added that the business fundamentals remain strong and it remains focused on improving consumption, enhancing cost competitiveness, strengthening digital capabilities and delivering sustainable, profitable growth over the medium to long term. Dabur India is one of India's leading FMCG companies. Its India's FMCG portfolio includes power brands like Dabur Chyawanprash, Dabur Honey, Honitus, PudinHara and Dabur Lal Tail in the healthcare space; Dabur Amla and Dabur Red Paste in the personal care category; and real in the food & beverages space. The company reported 15.14% jump in consolidated net profit to Rs 368.60 crore on 7.35% increase in revenue from operations to Rs 3038.02 crore in Q4 FY26 over Q4 FY25. Shares of Dabur India fell 0.60% to settle at Rs 444.05 on Friday, 3 July 2026. First Published: Jul 04 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
L&T Finance reported an estimated 36% year-on-year increase in retail disbursements to around Rs 23,800 crore in the first quarter of FY27, driven by strong growth across its lending segments. SME Finance disbursements grew 23% YoY to Rs 1,560 crore from Rs 1,273 crore, while Gold Finance increased 25% YoY to Rs 1,920 crore from Rs 1,530 crore. Disbursements from the acquired portfolio jumped 206% YoY to around Rs 150 crore from Rs 49 crore in the year-ago quarter. The company's retail loan book was estimated at around Rs 1,27,450 crore as of 30 June 2026, up 28% YoY from Rs 99,816 crore a year earlier. L&T Finance said its retailisation level remained unchanged at 98% at the end of the quarter. The company said the figures are estimated and provisional and remain subject to a limited review by its statutory auditors. Mumbai-based L&T Finance is a leading non-banking financial company (NBFC), offering a range of financial products and services. On a consolidated basis, the company's PAT for Q4FY26 stood at Rs 807 crore vs. Rs. 636 crore, up by 27% YoY. Total income jumped 18.47% YoY to Rs 4,771.10 crore in Q4FY26. Shares of L&T Finance rose 3.73% to settle at Rs 326.95 on Friday, 3 July 2026. First Published: Jul 04 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Senco Gold reported a strong business performance in the first quarter of FY27, with total revenue rising about 60% year-on-year and 53% quarter-on-quarter. Retail revenue increased around 48% year-on-year and 51% quarter-on-quarter, while same-store sales growth (SSSG) stood at 38% year-on-year and 34% quarter-on-quarter. The company's trailing twelve-month (TTM) sales reached around Rs 9,660 crore. The jewellery retailer said demand was supported by festivals including Akshaya Tritiya, Poila Baisakh, Baishaki and Bihu, along with the onset of the summer wedding season. The quarter's performance remained resilient despite Adhik Maas and the increase in customs duty on gold from 6% to 15%. Diamond jewellery sales by value grew about 40% year-on-year and 47% quarter-on-quarter, while diamond jewellery volumes rose 15% year-on-year and 56% quarter-on-quarter. The company attributed the growth to higher volumes, an improved product mix, increased sales of products priced below Rs 50,000 under its Everlite segment, and new product launches. Old gold exchange accounted for around 43% of total sales during the quarter. The company also launched a "0% deduction" campaign to encourage old gold exchange transactions. During the quarter, Senco Gold opened eight new showrooms, comprising three company-owned stores, four franchise outlets and one Sennes showroom. After accounting for the closure of one store, its total retail network stood at 208 showrooms. The company said it remains on track to open another 12-15 showrooms over the next three quarters, with a greater focus on the franchise model. On gold prices, the company said prices remained elevated year-on-year but declined sequentially due to geopolitical developments. It expects the benefit of the higher customs duty to accrue over Q1 and Q2, although aggressive discounting and its current hedging level of 50% are likely to put pressure on margins in the first quarter. Looking ahead, Senco Gold expects Q2 FY27 to be seasonally softer, with demand likely to be driven by the monsoon and advance gold bookings ahead of the festive season in Q3. The company said it will continue to focus on inventory optimisation, lightweight and 9K jewellery collections, and margin protection. Senco Gold is a leading pan-India jewellery retailer. It offers a vast, design-led portfolio of gold and diamond jewellery, developed in-house with local artisans. On a consolidated basis, Senco Gold's net profit surged 151.29% to Rs 156.88 crore while net sales rose 44.93% to Rs 1996.66 crore in Q4 March 2026 over Q4 March 2025. Shares of Senco Gold fell 1.58% to settle at Rs 326.45 on Friday, 3 July 2026. First Published: Jul 04 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Fortis network currently has about 6,100 operational beds across 36 facilities, including 1,200 O&M beds. First Published: Jul 04 2026 | 12:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 04 2026 | 12:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 04 2026 | 12:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rajiv Kumar was a DFS secretary and also became finance secretary. He was India’s chief election commissioner between May 2022 and February 2025. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 11:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The country’s qcom market has doubled annually over the past two years and is projected to reach $65-70 billion by 2030 This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahindra & Mahindra Financial Services added 2.47% to Rs 326 after reporting estimated overall disbursement of Rs 15,560 crore for the quarter ended 30 June 2026, up 21% YoY over 30 June 2025 (excluding finance lease). The companys liquidity position stood at Rs 14,600 crore as on 30th June 2026. As on 30 June, 2026, Stage-3 is estimated in the range of 3.4% to 3.5% (3.4% as on March 31, 2026, and 3.8% as on June 30, 2025) and Stage-2 is estimated in the range of 4.9 % to 5.0% (4.8% as on March 31, 2026, and 5.9% as on June 30, 2025). Mahindra & Mahindra Financial Services (Mahindra Finance), part of the Mahindra Group, is one of Indias leading non-banking finance companies. Focused on the rural and semi-urban sector, the company has over 12 million customers. The company is a leading vehicle and tractor financier, provides loans to SMEs, and also offers fixed deposits. The company has 1,348 offices and reaches out to customers spread over 518,000 villages and 8,000 towns across the country, transforming more than 1.2 crore lives. The NBFC's consolidated net profit surged 105.16% to Rs 938.02 crore in Q4 FY26, compared with Rs 457.22 crore in Q4 FY25. Revenue from operations jumped 13.37% YoY to Rs 5,538.73 crore in Q4 March 2026. First Published: Jul 03 2026 | 9:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 7:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pepcart Logistics, a wholly owned subsidiary of TCC Concept, today announced a landmark B2B partnership with Shiprocket, India's leading e-commerce technology enablement platform. Under the agreement, Pepcart will provide a dedicated first-mile pickup, last-mile delivery, and white-glove assembly for big-box and large-format products flowing through Shiprocket's network. This milestone marks a significant expansion of Pepcart's Logistics-as-a-Service (LaaS) journey. The platform has been operational for over a decade and has successfully managed end-to-end supply chains for a robust cohort of leading D2C brands across the furniture, home decor, and kids' categories and has been professionally run with industry experts and highly trained blue collar staff of 500+ people. The Shiprocket alliance cements Pepcart's position as a leading provider of LaaS and incorporated the company's proven operational model into high gear within the B2B business model. First Published: Jul 03 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 7:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 7:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 7:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For sale of 1,200 MW of solar power NTPC Renewable Energy (NTPC REL), a wholly owned subsidiary of NTPC Green Energy (NGEL), has signed a Power Purchase Agreement (PPA) with PTC India for the sale of 1,200 MW of solar power under a bilateral arrangement. The agreement marks a significant milestone in strengthening collaboration between the two organizations to promote clean and sustainable energy in India. First Published: Jul 03 2026 | 7:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JSW Steel today marked the commencement of development activities for its integrated steel project in the Rayalaseema region of Andhra Pradesh, reaffirming its long-term commitment to India's manufacturing growth and the industrial transformation of the state of Andhra Pradesh. The project is to set up a 2 million tonne steel plant by JSW Rayalaseema Steel, a 100% subsidiary of JSW Steel., in phases. The 1st phase, with a planned investment of Rs 4,500 crore, would be a 1-MTPA Integrated Steel Plant to manufacture low carbon emission steel products. The 2nd phase, with an additional planned investment of upto Rs 11,850 crore, will expand capacity to 2 MTPA, taking the total project investment upto Rs 16,350 crore. First Published: Jul 03 2026 | 7:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities and Exchange Board of India (Sebi) First Published: Jul 03 2026 | 6:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 03 2026 | 6:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 6:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 03 2026 | 6:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 158.02 crore shares as against 1.89 crore shares on offer. The issue opened for bidding on 1 July 2026 and it will close on 3 July 2026. The price band of the IPO is fixed between Rs 161 and 170 per share. An investor can bid for a minimum of 88 equity shares and multiples thereof. The IPO comprises a fresh issue of Rs 380 crore and an offer-for-sale (OFS) of up to 35,00,000 equity shares worth up to Rs 59.5 crore at the higher price band of Rs 170. Promoter group members will offload a part of their stake in the OFS. Knack Packaging will utilise Rs 320 crore from the net fresh issue proceeds for partial funding of capital expenditure towards setting up a new manufacturing facility at Borisana, situated at Kadi, Mehsana, Gujarat and the remaining funds will be utilised for general corporate purposes. Knack Packaging (KPL) is an integrated packaging solutions provider engaged in the manufacturing of printed and laminated woven polypropylene (PLWPP) bags used across industries such as food, agriculture, cement, chemicals and pet food. The company exports its products to 71 countries and serves over 1,950 customers globally. It operates a manufacturing facility in Gujarat with an installed capacity of 43,300 MTPA and is setting up a new plant in Mehsana, Gujarat, to expand its production capacity. Ahead of the IPO, Knack Packaging (KPL) on Tuesday, 30 June 2026, raised Rs 131.24 crore from anchor investors. The board allotted 77.20 lakh shares at Rs 170 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 92.72 crore and sales of Rs 823.43 crore for the twelve months ended on 31 March 2026. First Published: Jul 03 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities and Exchange Board of India (Sebi) First Published: Jul 03 2026 | 4:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India among lowest-cost solar markets First Published: Jul 03 2026 | 4:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Max Estates gained 1.05% to settle at Rs 439.05 after the company achieved total pre-sales of Rs 1,100 crore in Q1 FY27, marking five fold increase over the corresponding quarter of the previous year. Collections stood at Rs 500 crore in Q1 FY27. The company said that its annual collections across its residential projects typically range between 2025% of the sales value, enabling it to undertake construction without incurring any incremental debt for its residential projects. The company entered FY27 with GDV pipeline of around Rs 17,200 crore comprising projects Estate 105, Max One, Estate 361 and the high-potential residential community in Sector 59, Gurugram. The company plans to launch major projects in Noida and Gurugram in Q2 and Q3 of FY27. In addition, the company aspires to add 2 million sq. ft. in the residential segment every year. The companys commercial portfolio continues to be 100% leased, generating annual rental income of more than Rs 150 crore. It expects the overall commercial portfolio, including completed, under-construction and acquisition assets, to have the potential to generate annual rental income of over Rs 700 crore over the next five years. The company aspires to add 1 million sq. ft. in the commercial segment every year. Max Estates is a leading Real Estate developer in the NCR region. The company has developed a very well diversified portfolio of real estate across the two asset classes in Delhi NCR. The company reported a consolidated net loss of Rs 4.08 crore in Q4 FY26 compared with net profit of Rs 13.99 crore in Q4 FY25. Revenue from operations jumped 24.26% YoY to Rs 49.43 crore in Q4 FY26. First Published: Jul 03 2026 | 4:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty settled above the 24,250 mark. Realty, IT and pharma shares advanced, while PSU bank, media and auto shares declined. As per provisional closing data, the barometer index, the S&P BSE Sensex gained 261.79 points or 0.34% to 77,763.91. The Nifty 50 index jumped 95.15 points or 0.39% to 24,270.85. In the three consecutive trading sessions, the Sensex rallied 1.68% while the Nifty jumped 1.69%. In the broader market, the BSE 150 MidCap Index fell 0.25% and the BSE 250 SmallCap Index rose 0.09%. The market breadth was positive. On the BSE, 2,264 shares rose and 1,975 shares fell. A total of 206 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 3.98% to 11.80. In the commodities market, Brent crude for Sep 2026 settlement gained 17 cents or 0.24% to $71.97 a barrel. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.2100 compared with its close of 95.3550 during the previous trading session. Economy: India's services sector remained in expansion mode in June, although growth lost momentum amid challenging market conditions and softer client demand. The seasonally adjusted HSBC India Services PMI Business Activity Index eased to 57.4 in June from 59.8 in May, marking the weakest pace of expansion in 17 months, while remaining well above the 50-point threshold that separates growth from contraction. Hiring activity was largely stagnant, business confidence weakened, and cost pressures eased, while new export orders grew at the fastest pace in three months. Initial Public Offer (IPO): Knack Packaging received bids for 1,08,97,61,376 shares as against 1,89,64,018 shares on offer, according to stock exchange data at 15:30 IST on 03 July 2026. The issue was subscribed 57.46 times. The issue opened for bidding on 01 July 2026 and it will close on 03 July 2026. The price band of the IPO is fixed between Rs 161 and 170 per share. An investor can bid for a minimum of 88 equity shares and multiples thereof. Buzzing Index: The Nifty Realty index climbed 2.19% to 890.80. The index surged 8.78% in the four consecutive trading sessions. Lodha Developers (up 5.08%), Oberoi Realty (up 3.45%), Anant Raj (up 3.37%), Brigade Enterprises (up 3.32%), DLF (up 2.73%), Phoenix Mills (up 1.95%), Godrej Properties (up 1.24%) and Sobha (up 0.72%) advanced. On the other hand, Aditya Birla Real Estate (down 1.06%) and Prestige Estates Projects (down 0.27%) edged lower. Stocks in Spotlight: Zydus Lifesciences gained 3.63% after the company signed memorandum of understanding (MoU) with Apollo Hospitals to introduce Shield, Multi-Cancer Detection (MCD) test available in India. Maharashtra Seamless rose 0.77%. The company announced that Arup Mandal has resigned from the position of chief financial officer (CFO) of the company with effect from the close of business hours on 2 July 2026. HCL Technologies jumped 5.80% after the company signed an agreement with a Europe headquartered, Fortune Global 50 Firm to transform their global digital workplace and enterprise networks using Artificial Intelligence (AI). Marathon Nextgen Realty advanced 2.53% after the company announced that its subsidiary Sunset Spaces has executed a development agreement for the redevelopment of the society located at Versova, Mumbai. Krystal Integrated Services rose 0.58%. The company has secured a work order from the Director of Backward Classes (BC) Welfare Department, Andhra Pradesh, for providing cleaning and sanitation services across government hostels. Bluspring Enterprises gained 3.22% after the companys subsidiary, STEAG Energy Services (India) has secured a comprehensive operations and maintenance contract from Vedanta Aluminium Metal for a captive power plant. The contract covers a 1,215 MW (9x135 MW) captive power plant at VAML and has an estimated value of Rs 1,437.17 crore. Central Bank of India rose 0.68%. The company reported a 28.77% year-on-year (YoY) increase in its global gross advances to Rs 3,54,895 crore as of 30 June 2026, compared with Rs 2,75,595 crore as of 30 June 2025. PC Jeweller rallied 3.74% after the company reported an approximately 21% year-on-year increase in consolidated revenue for the quarter ended 30 June 2026. Mahindra & Mahindra Financial Services slipped 1.21% after the company estimated the overall disbursement at approximately Rs 15,560 crore, YoY growth of around 21% (excluding finance lease). Bajaj Finance gained 1.30% after its new loans booked rose 20% year-on-year to 1.61 crore in Q1 FY27, compared with 1.35 crore in the corresponding quarter last year. Global Markets: Most European markets ended lower, while Asian markets closed higher on Friday after weaker-than-expected US jobs data reinforced expectations of a Federal Reserve interest rate cut at its upcoming policy meeting. Meanwhile, regional business activity gauges pointed to continued economic expansion in June, supporting investor sentiment across Asia. Japan's services sector returned to expansion in June after stalling the previous month, though business confidence remained subdued amid concerns over Middle East tensions and intensifying cost pressures, a private survey showed on Friday. The S&P Global final Japan Services Purchasing Managers' Index (PMI) rose to 52.2 in June from 50.0 in May, signalling a renewed rise in business activity. Meanwhile, China's services activity expanded at a slightly slower pace in June as growth in new business eased, though overseas demand rose at the fastest rate in 20 months, a ??private-sector survey showed on Friday. The RatingDog China General Services Purchasing Managers' Index, compiled by S&P Global, fell to 54.1 from 54.4 in May, staying above the 50-mark that separates expansion from contraction. In observance of Independence Day in the US, major American stock exchangesincluding the NYSE and Nasdaqare closed today, Friday, 3 July 2026. Regular trading will resume on Monday, 6 July 2026, at the standard time of 7:00 PM IST. Overnight on Wall Street, the Dow Jones Industrial Average scaled to record highs on Thursday as investors reacted to a weaker-than-expected nonfarm payrolls report for June, while the Nasdaq Composite languished as semiconductors struggled once again. The US economy added 57,000 jobs in June 2026, significantly below both the downwardly revised 129,000 recorded in May and market expectations of 110,000. It marks the weakest monthly job growth in four months, ending a streak of three consecutive months of stronger-than-expected gains. The 30-stock average added 594.83 points, or 1.14%, for a record close of 52,900.07. The index hit a new all-time intraday high of 52,903.85. The S&P 500 rose less than 1 point to end at 7,483.24, while the Nasdaq dropped 0.8% to 25,832.67. First Published: Jul 03 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In Dharashiv district, Maharashtra Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power Company, has successfully commissioned its 100.8 MW Jewali Wind Project in Dharashiv district, Maharashtra. The electricity generated from the project will be supplied to Tata Power Mumbai Distribution and will help contribute towards its Renewable Purchase Obligation targets, supporting its transition to a more sustainable and environmentally responsible Utility. The project comprises 28 SG 3.6-145 Wind Turbine Generators, based on advanced horizontal-axis wind turbine technology. The facility is expected to generate approximately 299 million units (kWh) of clean electricity annually The project is expected to offset nearly 245 million kg of COemissions every year, based on an estimated emissions reduction of 0.82 kg of COper unit of electricity generated, making a significant contribution towards decarbonisation and enhancing Tata Power's clean energy portfolio. With this commissioning, TPREL's wind energy portfolio now exceeds 3.9 GW, including more than 1.3 GW of operational capacity, with the balance under various stages of development across Rajasthan, Gujarat, Maharashtra, Andhra Pradesh, Karnataka, and Tamil Nadu. First Published: Jul 03 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nikkei 225 Index climbed 1.47% to close at 69,744. The softer US labour market data helped improve investor sentiment, although concerns over high valuations, heavy investment and rising competition in the artificial intelligence sector continued to limit gains. A stronger yen also remained a challenge for the market. The Japanese currency surged nearly 1% on Thursday amid speculation that authorities could intervene in the foreign exchange market, making exporters less attractive to investors. Among individual stocks, Kioxia Holdings surged 9.2%, while Kokusai Electric jumped 15.1%. Other gainers included Fast Retailing (+2.7%), Sony Group (+1.5%) and Toyota Motor (+1.3%). First Published: Jul 03 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Shanghai Composite gained 0.37% to close at 4,044, while the Shenzhen Component rose 0.64% to 15,598. Technology stocks led the gains, with Eoptolink Technology rising 3.34%, Victory Giant Technology adding 0.65% and Shennan Circuit jumping 7.42%. Other strong performers included BYD (+5.86%), CNOOC (+3.51%), Zijin Mining Group (+5.78%) and Luxshare Precision Industry (+5.81%). Investor sentiment was also supported by economic data showing China's Services PMI eased slightly to 54.1 in June from 54.4 in May but remained above market expectations of 53, indicating continued expansion in the sector. For the week, the Shanghai Composite advanced 0.41%, while the Shenzhen Component fell 1.17%, extending its weekly decline to a second consecutive week. First Published: Jul 03 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The country's energy consumption reached 166.5 billion units (BUs) in June, reflecting an 11.6 per cent YoY growth due to heatwaves and the late onset of the monsoon First Published: Jul 03 2026 | 3:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zydus Lifesciences and Guardant Health, Inc., a leading precision oncology company, have an exclusive agreement to make the Shield Multi-Cancer Detection (MCD) test available in India, for which Zydus has signed a Memorandum of Understanding (MoU) with Apollo Hospitals to offer the test in the territory. The Shield MCD test is a methylation-based blood test for the detection of multiple cancer types including bladder, colorectal, breast, prostate, oesophageal, gastric, liver, lung, ovarian and pancreas cancer in individuals aged 45 or older and who are at typical average risk for cancer. With just a blood draw, the test screens for 10 of the most common cancers, many of which have high mortality rates in India. The test has been granted Breakthrough Device Designation by the U.S. Food and Drug Administration (FDA), recognising its potential to provide more effective screening for cancers than existing options. First Published: Jul 03 2026 | 3:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 3:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 1:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zydus Lifesciences gained 3.06% to Rs 1,133.30 after the company signed memorandum of understanding (MoU) with Apollo Hospitals to introduce Shield, Multi-Cancer Detection (MCD) test available in India. Under an exclusive agreement with Zydus Lifesciences, Guardant Health will commercialise the Shield MCD test in India, while Apollo Hospitals will offer the test through its healthcare network. The Shield MCD test is a methylation-based blood test for the detection of multiple cancer types including bladder, colorectal, breast, prostate, oesophageal, gastric, liver, lung, ovarian and pancreas cancer in individuals aged 45 or older and who are at typical average risk for cancer. The test has been granted Breakthrough Device Designation by the U.S. Food and Drug Administration (FDA), recognising its potential to provide more effective screening for cancers than existing options. Speaking on this development, Dr. Prathap C. Reddy, chairman, Apollo Hospitals Group, said, "At Apollo, we have long believed that the most effective healthcare is proactive healthcare. The future of medicine lies not only in treating disease, but in preventing it and detecting it at its earliest, most treatable stages. Cancer continues to be one of the greatest health challenges facing societies worldwide, and expanding access to timely, reliable screening, is critical to reducing its impact. Our collaboration with Zydus Lifesciences marks an important milestone in advancing accessible, patient-friendly cancer screening solutions for the people of India. Dr. Sharvil Patel, managing director, Zydus Lifesciences, said, As Indias leading oncology company, we are reimagining the role of diagnostics in cancer care. We are pleased to partner with Apollo Hospitals and Guardant Health to introduce Shield MCD in India, expanding access to an innovative screening technology that complements existing screening pathways. Simranjit Singh, chief executive officer, Guardant Health AMEA added, "We are pleased to bring the Shield Multi-Cancer Detection (MCD) test to India through Apollo Cancer Centres and our longstanding commercial partner Zydus Lifesciences. Earlier detection has the potential to transform cancer outcomes, and Shield MCD represents an important advancement in helping identify cancer-associated signals through a single blood draw. Zydus Lifesciences is an innovative, global lifesciences company that discovers, develops, manufactures, and markets a broad range of healthcare therapies. Apollo Hospitals was established in 1983 by Dr. Prathap C Reddy, renowned architect of modern healthcare in India. It has a robust presence across the healthcare ecosystem, including Hospitals, Pharmacies, Primary Care & Diagnostic Clinics and several Retail Health models. First Published: Jul 03 2026 | 1:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
J B Chemicals & Pharmaceuticals Ltd is quoting at Rs 2366, up 1.93% on the day as on 12:49 IST on the NSE. The stock is up 44.44% in last one year as compared to a 4.35% spurt in NIFTY and a 15.33% spurt in the Nifty Pharma index. J B Chemicals & Pharmaceuticals Ltd gained for a third straight session today. The stock is quoting at Rs 2366, up 1.93% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.74% on the day, quoting at 24354.25. The Sensex is at 78056.84, up 0.72%. J B Chemicals & Pharmaceuticals Ltd has risen around 10.89% in last one month. Meanwhile, Nifty Pharma index of which J B Chemicals & Pharmaceuticals Ltd is a constituent, has risen around 6.77% in last one month and is currently quoting at 25308.9, up 2% on the day. The volume in the stock stood at 76956 shares today, compared to the daily average of 2.75 lakh shares in last one month. The PE of the stock is 54.47 based on TTM earnings ending March 26. First Published: Jul 03 2026 | 1:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sun Pharmaceutical Industries Ltd is quoting at Rs 1911.1, up 2.14% on the day as on 12:49 IST on the NSE. The stock is up 14.01% in last one year as compared to a 4.35% drop in NIFTY and a 15.33% drop in the Nifty Pharma index. Sun Pharmaceutical Industries Ltd is up for a third straight session in a row. The stock is quoting at Rs 1911.1, up 2.14% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.74% on the day, quoting at 24354.25. The Sensex is at 78056.84, up 0.72%. Sun Pharmaceutical Industries Ltd has risen around 7.36% in last one month. Meanwhile, Nifty Pharma index of which Sun Pharmaceutical Industries Ltd is a constituent, has risen around 6.77% in last one month and is currently quoting at 25308.9, up 2% on the day. The volume in the stock stood at 15.41 lakh shares today, compared to the daily average of 20.27 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 1915.8, up 2.17% on the day. Sun Pharmaceutical Industries Ltd is up 14.01% in last one year as compared to a 4.35% drop in NIFTY and a 15.33% drop in the Nifty Pharma index. The PE of the stock is 149.6 based on TTM earnings ending March 26. First Published: Jul 03 2026 | 1:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Torrent Pharmaceuticals Ltd is quoting at Rs 4770.9, up 2.35% on the day as on 12:49 IST on the NSE. The stock is up 41.65% in last one year as compared to a 4.35% drop in NIFTY and a 15.33% drop in the Nifty Pharma index. Torrent Pharmaceuticals Ltd is up for a third straight session in a row. The stock is quoting at Rs 4770.9, up 2.35% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.74% on the day, quoting at 24354.25. The Sensex is at 78056.84, up 0.72%. Torrent Pharmaceuticals Ltd has risen around 9.93% in last one month. Meanwhile, Nifty Pharma index of which Torrent Pharmaceuticals Ltd is a constituent, has risen around 6.77% in last one month and is currently quoting at 25308.9, up 2% on the day. The volume in the stock stood at 1.84 lakh shares today, compared to the daily average of 5.05 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 4787.5, up 2.07% on the day. Torrent Pharmaceuticals Ltd is up 41.65% in last one year as compared to a 4.35% drop in NIFTY and a 15.33% drop in the Nifty Pharma index. The PE of the stock is 71.33 based on TTM earnings ending March 26. First Published: Jul 03 2026 | 1:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oracle Financial Services Software Ltd is quoting at Rs 11184, up 1.8% on the day as on 12:49 IST on the NSE. The stock is up 22.78% in last one year as compared to a 4.35% drop in NIFTY and a 29.41% drop in the Nifty IT index. Oracle Financial Services Software Ltd is up for a third straight session in a row. The stock is quoting at Rs 11184, up 1.8% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.74% on the day, quoting at 24354.25. The Sensex is at 78056.84, up 0.72%. Oracle Financial Services Software Ltd has risen around 10.75% in last one month. Meanwhile, Nifty IT index of which Oracle Financial Services Software Ltd is a constituent, has risen around 5.65% in last one month and is currently quoting at 26965.05, up 2.53% on the day. The volume in the stock stood at 2.08 lakh shares today, compared to the daily average of 3.1 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 11230, up 1.7% on the day. Oracle Financial Services Software Ltd is up 22.78% in last one year as compared to a 4.35% drop in NIFTY and a 29.41% drop in the Nifty IT index. The PE of the stock is 34.46 based on TTM earnings ending March 26. First Published: Jul 03 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
LTM Ltd is quoting at Rs 3781.2, up 2.73% on the day as on 12:49 IST on the NSE. The stock is down 28.87% in last one year as compared to a 4.35% fall in NIFTY and a 29.41% fall in the Nifty IT index. LTM Ltd rose for a third straight session today. The stock is quoting at Rs 3781.2, up 2.73% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.74% on the day, quoting at 24354.25. The Sensex is at 78056.84, up 0.72%. LTM Ltd has dropped around 7.04% in last one month. Meanwhile, Nifty IT index of which LTM Ltd is a constituent, has dropped around 5.65% in last one month and is currently quoting at 26965.05, up 2.53% on the day. The volume in the stock stood at 1.67 lakh shares today, compared to the daily average of 4.63 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 3775.6, up 2.21% on the day. LTM Ltd is down 28.87% in last one year as compared to a 4.35% fall in NIFTY and a 29.41% fall in the Nifty IT index. The PE of the stock is 20.49 based on TTM earnings ending March 26. First Published: Jul 03 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aegis Logistics Ltd is quoting at Rs 1340, up 1.37% on the day as on 12:49 IST on the NSE. The stock is up 77.71% in last one year as compared to a 4.35% jump in NIFTY and a 7.62% jump in the Nifty Energy index. Aegis Logistics Ltd is up for a third straight session today. The stock is quoting at Rs 1340, up 1.37% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.74% on the day, quoting at 24354.25. The Sensex is at 78056.84, up 0.72%. Aegis Logistics Ltd has gained around 77.3% in last one month. Meanwhile, Nifty Energy index of which Aegis Logistics Ltd is a constituent, has gained around 2.85% in last one month and is currently quoting at 39707, down 1.04% on the day. The volume in the stock stood at 31.66 lakh shares today, compared to the daily average of 60.19 lakh shares in last one month. The PE of the stock is 48.88 based on TTM earnings ending March 26. First Published: Jul 03 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Uno Minda Ltd is quoting at Rs 1134.5, up 1.2% on the day as on 12:49 IST on the NSE. The stock is up 3.27% in last one year as compared to a 4.35% slide in NIFTY and a 13.02% slide in the Nifty Auto index. Uno Minda Ltd gained for a third straight session today. The stock is quoting at Rs 1134.5, up 1.2% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.74% on the day, quoting at 24354.25. The Sensex is at 78056.84, up 0.72%. Uno Minda Ltd has gained around 4.77% in last one month. Meanwhile, Nifty Auto index of which Uno Minda Ltd is a constituent, has gained around 3.66% in last one month and is currently quoting at 27108.2, down 0.02% on the day. The volume in the stock stood at 4.47 lakh shares today, compared to the daily average of 8.63 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 1136.5, up 0.99% on the day. Uno Minda Ltd is up 3.27% in last one year as compared to a 4.35% slide in NIFTY and a 13.02% slide in the Nifty Auto index. The PE of the stock is 64.76 based on TTM earnings ending March 26. First Published: Jul 03 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Trent stock rises 2.5%, extends raly to 5th day; Bernstein keeps 'OW' First Published: Jul 03 2026 | 1:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IMMA says coercive bundling violates competition and consumer protection laws The forced bundling of specialty fertilisers such as biostimulants, water solubles and micronutrients with subsidised urea and DAP is illegal and is hurting both farmers and a specialty fertiliser industry that has grown to nearly USD 1 billion, the Indian Micro Fertilizer Manufacturers Association (IMMA) said. Dealers are coercively tagging unsubsidised specialty products with subsidised fertilisers at the point of sale, leaving farmers with no choice but to buy items they may not need, IMMA president Rahul Mirchandani said. "The practice was damaging the reputation of legitimate brands built through years of farmer outreach and demand generation," he said at the SOMS 2026 (Specialty Fertilizer Summit & B2B Expo 2026), being held from July 2-4. The practice amounts to an unfair trade practice under the Consumer Protection Act and a prohibited tie-in arrangement under the Competition Act, besides being punishable under Clause 31 of the Fertiliser Control Order, which allows for suspension or cancellation of a dealer's licence for stocking unlawful goods, the association said. It cited a ruling by the Competition Commission of India (CCI) in August 2025 that held tagging to be a retail irregularity and a prima facie abuse of market position, as well as observations by the Lok Sabha Standing Committee that beneficiaries cannot be compelled to buy any product along with subsidised urea. Several states have already taken enforcement action against tagging, IMMA said. Uttar Pradesh has issued a state order and seen seven FIRs filed over forced tagging, it said, adding that Gujarat has issued a circular after receiving 41 complaints, leading to the suspension of 12 dealer licences and the delinking of nano-fertilisers from regular fertiliser movement. Madhya Pradesh has suspended Form A-2 licences of some companies, Haryana has imposed a district-level sales ban in Ambala, and Maharashtra has directed its Director of Agriculture to enforce a state-wide ban on tagging following a CCI probe, the association said. IMMA described the eradication of coercive tagging as a "national imperative" that would protect farmers, dealers and Micro, Small and Medium Enterprises (MSMEs) that have built the specialty fertiliser sector, and said it would raise the issue at a government policy dialogue in Delhi in September and at its National Crop Nutrition Summit in February. IMMA, which completes four decades this year and has statutory representation on bodies such as the Bureau of Indian Standards, State Fertilizer Committees and the Fertilizer Association of India, said it had commissioned an independent study to assess the size of the specialty fertiliser sector for the first time. The study valued the combined market for water solubles, biostimulants and micronutrients at USD 918 million, or about Rs 8,200 crore, it said. Of this, water solubles account for around Rs 3,700 crore and are growing at a compound annual growth rate (CAGR) of 7 per cent, though nearly 65 per cent of the segment is still imported, IMMA said, adding that domestic manufacturers are working towards import substitution. Biostimulants, valued at ?2,350 crore, are the fastest-growing segment with an 11.5 per cent CAGR, following a regulatory overhaul last year that brought the category under the Fertiliser Control Order and reduced the number of registered entities from about 8,000 to 140, it said. Micronutrients, valued at ?2,142 crore, are the steadiest-growing of the three segments, according to the association. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 03 2026 | 12:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 03 2026 | 12:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold price outlook: Near-term bias seems positive, says Praveen Singh of Mirae Asset Sharekhan. First Published: Jul 03 2026 | 12:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold demand in India eased on Friday after a modest pick-up earlier in the week, as prices rebounded from a three-month low, while buying interest in China improved slightly. India gold prices rose to as much as ?148,046 per 10 grams ($1,553) after having touched ?140,450, the lowest level since March 27, on Tuesday. Prices fell about 8.4% in June, the first monthly drop since March, tracking volatility in international gold prices. "Many buyers were waiting for a price correction. Once prices corrected, they began making small purchases at the beginning of the week," said a Kolkata-based jeweller. Dealers quoted a premium of up to $5 an ounce and a discount of $7 over official domestic prices this week, inclusive of 15% import and 3% sales levies, compared to last week's premium of ?up to $6. "Jewellers were purchasing, but volatile prices made them cautious. The lean demand season has now started, as there are no major festivals soon," said a Mumbai-based bullion dealer with a private bank. International spot gold was headed for its first weekly gain in five and traded above the $4,100 level, as weak U.S. payrolls data eased Federal Reserve interest rate hike expectations. In China, the bullion traded at par to discounts of $2 an ounce to the global benchmark spot price, compared to last week's ?discount of $3 to $7. Check Here Latest Updates on Gold Price "$4,000 looks like a very good support at this moment, and I think the market will stay here for quite a while. However, there ?is still a lot of uncertainty, which is why people are hesitating to buy ?too much at this moment," said Peter Fung, head of dealing at Wing Fung Precious Metals. "If prices fall back below $4,000, we could see some further buying ?interest on the dip." In Hong Kong, gold traded between a $0.50 discount and a $1.70 premium, while in Japan, it was sold at a discount of $0.50. In Singapore, gold was sold ?between a $1 discount and a $1.60 premium. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 03 2026 | 12:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of the newly listed demerged Vedanta Group companies witnessed profit booking on Friday after a strong post-listing rally, with Vedanta Power leading the declines. Vedanta Power dropped 6.45% to Rs 45.50, while Vedanta Oil & Gas fell 4.71% to Rs 42.49. Vedanta Iron & Steel declined 2.20% to Rs 41.71. The correction follows a sharp rally in the newly listed stocks. Vedanta Power had gained 20.75% over the previous two sessions after listing at Rs 41.80 on 15 June 2026. Vedanta Oil & Gas had surged 38.31% in the last two sessions from its listing price of Rs 38. Vedanta Iron & Steel had more than doubled, soaring 113.25% in 13 consecutive sessions from its listing price of Rs 20 to Rs 42.65 on 2 July 2026. The sharp run-up prompted investors to lock in gains. Bucking the broader trend, Vedanta Aluminium Metal rose 3.50% to Rs 477.90, extending its three-day gain to 6.56%. The stock had listed at Rs 522 on the NSE. The gains in Vedanta Aluminium gathered momentum after a domestic broker initiated coverage on the stock with a 'Buy' rating and a target price of Rs 550, citing favourable demand, an improving cost curve and an attractive risk-reward profile. Vedanta Iron & Steel has emerged as the best-performing demerged entity since listing. Investor sentiment received an additional boost after PI Opportunities AIF V LLP, an investment vehicle of Premji Invest backed by Azim Premji, acquired nearly 4.84 crore shares worth about Rs 102 crore at Rs 21.02 apiece through a bulk deal on the day of listing. First Published: Jul 03 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IKIO Technologies Ltd, Digitide Solutions Ltd, Solarworld Energy Solutions Ltd and Indo Rama Synthetics (India) Ltd are among the other gainers in the BSE's 'B' group today, 03 July 2026. IKIO Technologies Ltd, Digitide Solutions Ltd, Solarworld Energy Solutions Ltd and Indo Rama Synthetics (India) Ltd are among the other gainers in the BSE's 'B' group today, 03 July 2026. Rajdarshan Industries Ltd spiked 17.79% to Rs 39 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 1 shares were traded on the counter so far as against the average daily volumes of 197 shares in the past one month. IKIO Technologies Ltd surged 15.57% to Rs 197.8. The stock was the second biggest gainer in 'B' group. On the BSE, 14.04 lakh shares were traded on the counter so far as against the average daily volumes of 12861 shares in the past one month. Digitide Solutions Ltd soared 14.88% to Rs 102.01. The stock was the third biggest gainer in 'B' group. On the BSE, 4.05 lakh shares were traded on the counter so far as against the average daily volumes of 12822 shares in the past one month. Solarworld Energy Solutions Ltd advanced 14.77% to Rs 212.5. The stock was the fourth biggest gainer in 'B' group. On the BSE, 1.57 lakh shares were traded on the counter so far as against the average daily volumes of 13799 shares in the past one month. Indo Rama Synthetics (India) Ltd exploded 12.49% to Rs 51.26. The stock was the fifth biggest gainer in 'B' group. On the BSE, 68611 shares were traded on the counter so far as against the average daily volumes of 13139 shares in the past one month. First Published: Jul 03 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Union Bank of India has reported 7.5% year-on-year (YoY) growth in global business for the first quarter of FY27, which increased to Rs 23.79 lakh crore as of 30 June 2026. The global advances of the bank rose by 12.5% to Rs 10.96 lakh crore as on 30 June 2026 from Rs 9.74 lakh crore as on 30 June 2025. Global deposits at the end of June 2026 quarter aggregated to Rs 12.83 lakh crore, up 3.5% YoY. In the domestic business, advances rose by 13.1% YoY to Rs 10.61 lakh crore, while retail, agriculture and MSME (RAM) advances increased 11.6% YoY to Rs 6.08 lakh crore in Q1 FY26. Domestic deposits grew 3.5% YoY to Rs 12.83 lakh crore, with the CASA ratio improving 259 basis points YoY to 35.1% as on 30 June 2026. Union Bank of India is one of the leading public sector banks in the country. The Government of India holds 74.76% of the bank's total paid-up capital. The bank reported a 6.6% rise in net profit to Rs 5,315.76 crore despite a 2.75% decline in total income to Rs 31,851.15 crore in Q4 FY26 over Q4 FY25. The scrip slipped 3.78% to currently trade at Rs 163 on the BSE. First Published: Jul 03 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The British pound is extending gains around a three week high against the dollar on Friday. Softer than expected US non farms data has for now rolled back expectations of large rate hikes. Data showed that US economy added just 57,000 jobs last month, completely missing the market consensus of 110,000. The dollar index held well below 101 and is on track to end the week lower. Meanwhile, on the monetary policy front, Bank of England Governor Bailey maintained a dovish tone at the ECB's Sintra Forum, citing signs of a slowing UK economy but emphasizing that persistent inflation risks rule out imminent rate cuts. GBP/USD is trading at $1,3379, up 0.24% on the day. On the NSE, GBP/INR futures are trading at 127.92, up 0.26% on the day. First Published: Jul 03 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 12:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Megha Engineering & Infrastructures Limited (MEIL) Group will be investing up to ?40,000 crore in the next two to three years towards capital expenditure, aiming to achieve a topline of ?2 trillion in five years, a top executive of the infra major has said. PV Krishna Reddy, Managing Director of MEIL, also said the group is aiming to take some of its subsidiaries to an Initial Public Offering every couple of years, with the first one being Evey Trans Pvt Ltd, followed by the Defence vertical and Gas Distribution and so on. Evey Trans is the only 100 per cent electric bus operator in India. Established in 2018, the company successfully operates e-buses in multiple cities like Mumbai, Pune, Surat, Silvassa, Goa, Hyderabad, Dehradun and Nagpur. "Last year, the entire Group did around ?60,000 crore. This year we are expecting ?80,000 crore. We aim to achieve ?2 trillion topline in the next five years, the entire group including new businesses," Krishna Reddy told PTI in an exclusive interview. Reddy said the flagship company MEIL constitutes around 60 per cent of the overall topline of the Hyderabad-headquartered conglomerate, and going forward, other verticals such as green energy, electric vehicles and others are expected to catch up. "We are planning to invest ?30,000 crore to ?40,000 crore in the next two to three years depending on the requirements. We are concentrating more on new innovative technologies, Innovative businesses like cell and battery manufacturing and physical intelligence," he said. MEIL group recently announced a JV with Abu Dhabi-based Analogue in the field of Physical Intelligence and that the joint venture firm committed to invest $300 to $500 million in the next five years. On EV mobility, he said Olectra Greentech Ltd, a Group company, has a manufacturing facility in Telangana with a capacity to produce 10,000 electric buses annually. Currently, it produces over 4,000 with a pending order book of 8000 to 10,000. Krishna Reddy said there are plans to set up more manufacturing units at two locations and negotiations are at various stages with some states. "Whoever offers good incentives, whichever state is proactive, we will consider them (for setting up plants)," he said, adding the same principle applies to other proposed manufacturing facilities. MEIL Group has about 13 verticals in various sectors ranging from construction to defence manufacturing to eclectic busses manufacturing and operating. The group is also into city gas distribution with 10 million connections and Offshore and onshore rig manufacturing. Without elaborating, Reddy said MEIL is in discussions with an electric car manufacturer to set up a plant in India as the demand for EVs is ever rising. The group has about 40,000 direct employees while indirectly supporting three lakh personnel. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 03 2026 | 12:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bluspring Enterprises jumped 4.26% to Rs 124.76 after its subsidiary, STEAG Energy Services (India) has secured a comprehensive operations and maintenance contract from Vedanta Aluminium Metal for a captive power plant. The contract covers a 1,215 MW (9x135 MW) captive power plant at VAML and has an estimated value of Rs 1,437.17 crore. The contract will be valid for a period of five years with effect from August 1, 2026. The company clarified that the order has been awarded by a domestic entity and does not involve any related party transaction. Bluspring Enterprises is an integrated infrastructure services enterprise. It delivers integrated facility management, food and hospitality, security (powered by Terrier), engineering asset management (powered by Hofincons), and telecom networks (powered by Vedang) through its category-leading brands. The company recorded a consolidated net profit of Rs 4.12 crore in Q4 FY26 as against a net loss of Rs 19.74 crore in Q4 FY25. Revenue rose by 7.9% year-on-year (YoY) to Rs 864.80 crore in the March 2026 quarter. First Published: Jul 03 2026 | 11:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's service economy remained firmly inside expansion territory, but the PMI results for June showed a loss of momentum as challenging market conditions and reduced client interest for some services reportedly stymied growth of total sales and output, data showed. Hence, hiring activity was broadly stagnant and business confidence faded. Encouragingly, new export orders rose at the fastest pace in three months, while easing cost pressures curbed charge inflation. Registering 57.4 in June, the seasonally adjusted HSBC India Services PMI Business Activity Index based on a single question asking how the level of business activity compares with the situation the month before was comfortably above both the neutral mark of 50.0 and its long-run average, to indicate a historically strong rate of expansion. Falling from 59.8 in May, however, the latest figure showed the weakest upturn in 17 months. First Published: Jul 03 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 11:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
New Zealand tighten immigration rules First Published: Jul 03 2026 | 11:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
UCO Bank reported a 21.33% year-on-year (YoY) increase in total advances to Rs 2.73 lakh crore as of 30 June 2026, compared with Rs 2.25 lakh crore as of 30 June 2025. During the quarter, total business stood at Rs 6.05 lakh crore, registering a 15.46% YoY and 2.54% QoQ growth from Rs 5.24 lakh crore and Rs 5.90 lakh crore, respectively. Total deposits rose 11.04% YoY to Rs 3.32 lakh crore as of 30 June 2026, compared with Rs 2.99 lakh crore a year ago, and increased 1.53% QoQ from Rs 3.27 lakh crore as of 31 March 2026. Domestic advances climbed 22.50% YoY to Rs 2.45 lakh crore from Rs 2 lakh crore as of 30 June 2025 and rose 4.70% QoQ from Rs 2.34 lakh crore as of 31 March 2026. Domestic deposits stood at Rs 3.14 lakh crore, reflecting a 12.14% YoY increase and a 2.95% QoQ growth. UCO Bank is engaged in providing a wide range of banking and financial services, including retail banking, corporate banking, and treasury operations. The banks standalone net profit rose 22.79% to Rs 801.15 crore on a 1.31% drop in total income to Rs 6,656.33 crore in Q4 FY26 over Q4 FY25. The scrip rose 0.44% to Rs 27.26 on the BSE. First Published: Jul 03 2026 | 11:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Paytm Europe Payments S.A (Paytm Europe), a step down wholly owned subsidiary of One 97 Communications, has been informed by Commission de Surveillance du Secteur Financier, Luxembourg (CSSF) on 02 July 2026 that it has been granted the payment institution licence and also been registered on the payment institutions official list, with effect from 02 July 2026. The licence has been granted in relation to the provision of services namely: (c) acquiring of payment transactions. First Published: Jul 03 2026 | 11:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Union Bank of India share First Published: Jul 03 2026 | 11:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sumitomo Chemical India Ltd recorded volume of 3.3 lakh shares by 10:46 IST on BSE, a 16.83 times surge over two-week average daily volume of 19599 shares PB Fintech Ltd, Aegis Vopak Terminals Ltd, Poly Medicure Ltd, CG Power & Industrial Solutions Ltd are among the other stocks to see a surge in volumes on BSE today, 03 July 2026. Sumitomo Chemical India Ltd recorded volume of 3.3 lakh shares by 10:46 IST on BSE, a 16.83 times surge over two-week average daily volume of 19599 shares. The stock gained 9.41% to Rs.482.40. Volumes stood at 10504 shares in the last session. PB Fintech Ltd witnessed volume of 17.14 lakh shares by 10:46 IST on BSE, a 14.48 times surge over two-week average daily volume of 1.18 lakh shares. The stock dropped 5.86% to Rs.1,581.15. Volumes stood at 32872 shares in the last session. Aegis Vopak Terminals Ltd saw volume of 2.8 lakh shares by 10:46 IST on BSE, a 5.9 fold spurt over two-week average daily volume of 47436 shares. The stock increased 9.99% to Rs.258.75. Volumes stood at 29627 shares in the last session. Poly Medicure Ltd recorded volume of 70808 shares by 10:46 IST on BSE, a 5.88 times surge over two-week average daily volume of 12042 shares. The stock lost 0.07% to Rs.1,736.60. Volumes stood at 17342 shares in the last session. CG Power & Industrial Solutions Ltd recorded volume of 13.89 lakh shares by 10:46 IST on BSE, a 5.63 times surge over two-week average daily volume of 2.47 lakh shares. The stock lost 5.59% to Rs.905.35. Volumes stood at 2.34 lakh shares in the last session. First Published: Jul 03 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Central Bank of India rose 1.66% to Rs 33.09 after the company reported a 28.77% year-on-year (YoY) increase in its global gross advances to Rs 3,54,895 crore as of 30 June 2026, compared with Rs 2,75,595 crore as of 30 June 2025. Total global business stood at Rs 8,33,840 crore as of 30 June 2026, registering an 18.36% YoY and 2.63% quarter-on-quarter (QoQ) growth from Rs 7,04,485 crore and Rs 8,12,439 crore, respectively. CASA deposits increased 11.14% YoY to Rs 2,22,865 crore, compared with Rs 2,00,522 crore a year ago, and rose 0.94% QoQ from Rs 2,20,781 crore. The bank's CASA ratio eased to 46.61% as of 30 June 2026, from 46.88% as of 30 June 2025 and 47.30% as of 31 March 2026, reflecting a decline of 27 basis points (bps) YoY and 69 bps QoQ. The bank also reported IBU (Overseas) advances of Rs 473 crore as of 30 June 2026. Central Bank of India is engaged in providing banking and financial services with a wide range of products and services to individuals, commercial enterprises, large corporations, public bodies, and institutional customers. On a standalone basis, the PSU lender's net profit fell 29.91% to Rs 724.43 crore on a 4.62% increase in total income to Rs 10,810.49 crore in Q4 March 2026 over Q4 March 2025. First Published: Jul 03 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PC Jeweller surged 4.77% to Rs 10.32 after the company reported an approximately 21% year-on-year increase in consolidated revenue for the quarter ended 30 June 2026. In its business update, the company said the revenue growth reflected continued strong operational performance and marked further progress in its ongoing turnaround journey. PC Jeweller also reduced its outstanding debt payable to banks under the Joint Settlement Agreement by approximately 24% during the quarter. Since executing the settlement agreement with lenders on 30 September 2024, the company has cut its outstanding debt by more than 90%. The company said repayment of the remaining debt and the achievement of debt-free status during the ongoing quarter would significantly strengthen its financial position in the coming periods. The financial details disclosed in the business update are provisional and subject to a limited review by the statutory auditor. PC Jeweller is engaged in the manufacture, retail, and export of jewellery. The company offers a wide range of gold, diamond, silver, and gemstone jewellery, including bangles, rings, bracelets, and necklaces, catering to bridal, occasional, and daily wear requirements. It operates across 12 states through a mix of company-owned and franchisee-owned showrooms. The company's consolidated net profit rose 61.31% to Rs 152.89 crore while net sales rose 32.66% to Rs 927.34 crore in Q4 March 2026 over Q4 March 2025. First Published: Jul 03 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Dow gained 594 points to a record high as easing jobs growth strengthened expectations for lower Fed rates. AI chip stocks including Nvidia and Micron, weighed on the Nasdaq while oil steadied and crypto-linked shares advanced. In the oil market, prices dropped in the morning but pared their losses as the day progressed. Brent crude, the international standard, settled at $71.80 per barrel, up 0.3%. A report shows that U.S. employers added 57,000 jobs to their payrolls last month but it was also short of 100,000 jobs that economists expected and a slowdown from Mays hiring pace. The bright side of the weaker-than-expected result is that it could keep pressure off inflation which has been accelerating worldwide because of jumps in oil prices caused by the war with Iran and now that oil prices are back below where they were before the war. If inflation slows in upcoming months, the Federal Reserve may feel less need to raise interest rates several times this year. Its relief for investors who tend to love lower interest rates because they can give the economy a boost by making it less expensive for U.S. households and businesses to borrow money and spend. Lower rates also tend to push upward on prices for stocks and other investments. On Wall Street, the company behind LaCroix sparkling waters climbed 7.5% after National Beverage said it will pay a special dividend of $3.25 for each share that investors hold. Dollar Tree rose 2.4% after the retailer said it approved a program to send up to $2.5 billion to its shareholders by buying back its stock. Stocks of companies in the crypto industry were also strong after the price of bitcoin rose roughly 2%, a day after dropping near its lowest level since 2024. Robinhood Markets rose 3.8% and Coinbase Global gained 3.9%. Memory maker Micron Technology erased an early gain to drop 5.5%, a day after plunging 10.6%. Nvidia fell 1.4% and Lam Research sank 10.2%. They were some of the heaviest weights on the S&P 500 because theyve grown so huge in size amid AI mania. Nvidia has a total value of nearly $4.7 trillion which means that its stocks movements have more weight on the S&P 500 than any other. In stock markets abroad, continued drops for chip companies sent indexes sharply lower in several Asian markets. South Koreas Kospi index sank 7.9% due to losses for companies like SK Hynix. Thats its worst drop since a 10% plunge a little more than a week ago. Indexes also fell 2.5% in Tokyo and 2% in Shanghai. European indexes were stronger and Frances CAC 40 rallied 1.7%. The yield on the 10-year Treasury got to 4.50% in the morning, up from 3.97% just before the war but after the release of the U.S. hiring data, it immediately fell back to 4.46% before drifting to 4.48%. Traders now see an 82% chance that the Fed and its new chairman, Kevin Warsh will not raise the federal funds rate at its next meeting later this month. Thats up from the 71% chance seen a day earlier, according to data from CME Group. First Published: Jul 03 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Avenue Supermarts, DMart share price, slipped 5% in Friday's trade. First Published: Jul 03 2026 | 10:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Housing Finance rises 6% on strong Q1 business update First Published: Jul 03 2026 | 10:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Finance gained 1.46% to Rs 1,033.65 after its new loans booked rose 20% year-on-year to 1.61 crore in Q1 FY27, compared with 1.35 crore in the corresponding quarter last year. Assets under management (AUM) grew 24% year-on-year to approximately Rs 5,46,900 crore as of June 30, 2026, versus Rs 4,41,450 crore a year earlier, with an increase of about Rs 36,900 crore during the quarter. The companys deposit book stood at approximately Rs 68,500 crore as of June 30, 2026. The company reported a 21.99% rise in consolidated net profit to Rs 5,464.57 crore on an 18.1% jump in total revenue from operations to Rs 21,605.79 crore in Q4 FY26 over Q4 FY25. First Published: Jul 03 2026 | 10:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Angel One reported an 18.8% year-on-year (YoY) increase in its client base to 38.59 million in June 2026, compared with 32.47 million in June 2025. Gross client acquisition declined 17.5% YoY to 0.45 million in June 2026 from 0.55 million a year ago. However, it rose 8.3% MoM from 0.42 million in May 2026. The company's average client funding book stood at Rs 67.83 billion, up 7.5% MoM and 44.1% YoY. The total number of orders increased 7.4% MoM and 21.8% YoY to 140.04 million. Meanwhile, average daily orders declined 2.8% MoM to 6.67 million, though they were up 21.8% YoY. Unique mutual fund SIPs registered stood at 564,920, down 3.4% MoM and 23.3% YoY. The company reported an average daily turnover (ADTO), based on notional turnover, of Rs 52,94,300 crore in June 2026, registering a 1.8% MoM and 51.3% YoY increase. ADTO from the F&O segment stood at Rs 50,08,600 crore, up 0.5% MoM and 47.2% YoY. Based on option premium turnover, overall ADTO stood at Rs 3,00,400 crore, surging 27.6% MoM and 172.7% YoY, while F&O ADTO stood at Rs 14,700 crore, down 9.6% MoM but up 16.5% YoY. Meanwhile, the cash segment reported an ADTO of Rs 8,600 crore, down 9% MoM but marginally higher by 0.9% YoY. The commodity segment recorded an ADTO of Rs 2,77,100 crore, rising 32.1% MoM and 211.3% YoY. Angel One is the largest listed retail stockbroking house in India in terms of active clients on NSE. The company provides broking and advisory services, margin funding, loans against shares, and distribution of third-party financial products to its clients. The broking and allied services are offered through online and digital platforms and a network of authorised persons. The companys consolidated net profit (PAT) jumped 83.49% year-on-year (YoY) to Rs 320.24 crore in Q4 FY26, driven by a 38.20% increase in total revenue from operations to Rs 1,459.42 crore. Shares of Angel One rose 0.94% to Rs 349.40 on the BSE. First Published: Jul 03 2026 | 10:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee recovered some of its lost momentum in opening trades on Friday tracking a weak greenback overseas and easing international oil prices. INR opened at Rs 95.20 per dollar and hit a high of 95.16 so far during the day. Yesterday, rupee settled at 95.35 per dollar. Indian shares opened higher on Friday, extending gains from the previous two sessions as new data showed U.S. hiring slowed after a three-month streak of overperformance, supporting the case for the Federal Reserve to continue to hold rates steady for now. U.S. jobs growth slowed sharply in June, and the two prior months' data were revised lower, raising expectations that the Fed will hold rates this month and potentially in September. The NIFTY 50 is trading at 24,331.15 (up 0.64%) while the BSE SENSEX is trading at 77,962.94 (up 1.17%), indicating a strong bullish momentum driven by a massive recovery in the IT sector. First Published: Jul 03 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee appreciated 19 paise to 95.16 against US dollar in early trade on Friday, as the dollar index retreated from its recent 15-month high levels. Forex traders said despite a weaker dollar index and lower crude oil prices rupee is still facing pressure from robust dollar demand from importers and corporate hedgers. At the interbank foreign exchange market, the rupee opened at 95.20, then touched 95.16 against the US dollar, registering a gain of 19 paise from its previous close. On Thursday, the rupee pared initial gains and settled for the day on a negative note, lower by 19 paise at 95.35 against the US dollar. Despite a weaker dollar index and lower crude oil prices, the rupee still weakened on Thursday. "If the rupee cannot strengthen on positive global cues, any negative development could easily push USDINR towards the 95.80 to 96.00 zone," CR Forex Advisors MD Amit Pabari said. Pabari further added that the Reserve Bank of India is focused on restoring its forex reserves which have declined from a February peak of USD 728.49 billion to around $672.6 billion. Hence, the central bank has less room to allow the rupee to appreciate freely, "even when global conditions are supportive," he said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 100.81, lower from its recent 15-month high of 101.6. Meanwhile, Brent crude, the global oil benchmark, was trading lower by 0.63 per cent at $72.25 per barrel in futures trade. On the domestic equity market front, Sensex jumped 545.89 points to 78,048.01 in early trade, while the Nifty surged 173.85 points to 24,346.90. Foreign institutional investors sold equities worth ?311.82 crore on a net basis on Thursday, according to exchange data. Foreign investors extended their selling spree in June, withdrawing Rs 49,340 crore (USD 5.16 billion) from Indian equities, triggered by a combination of early-month global risk aversion, a preference for developed markets, soaring US bond yields, and stretched valuations in the domestic market. According to data from the Central Depository Services (India) Ltd, the total withdrawals by Foreign Portfolio Investors (FPIs) from Indian equities have surged to Rs 2.7 lakh crore so far in 2026, surpassing the Rs 1.66 lakh crore pulled out during the entire calendar year 2025. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 03 2026 | 10:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 10:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With revenue potential of Rs 450 cr The agreement marks MNRL's foray into society redevelopment, building on the Company's experience in larger-format real estate development and complex urban renewal projects. The project comprises the redevelopment of an existing residential society situated on land admeasuring approximately 1.5 acres, with an estimated Gross Development Value / revenue potential of over Rs 450 crore, subject to receipt of requisite approvals, final plans, applicable regulations and market conditions. First Published: Jul 03 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty July 2026 futures currently traded 55.50 points higher, suggesting a positive opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 311.82 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,784.40 crore in the Indian equity market on 02 July 2026, provisional data showed. The FIIs have sold shares worth Rs 1,452.32 crore so far in July (till 02 July 2026). This follows their cash sales of Rs 49,028.63 crore in June, Rs 55,963.33 crore in May and Rs 70,135.46 crore in April. Global Markets: Asian markets advanced on Friday after a lukewarm U.S. jobs report poured ?cold water on the prospect of an imminent rate hike from the Federal Reserve and regional activity gauges pointed to an economic expansion during June. Purchasing Managers' Index (PMI) data released on Friday indicated increased activity across the region. Japan's services sector returned to expansion in June after stalling the previous month, though business confidence remained subdued amid concerns over Middle East tensions and intensifying cost pressures, a private ?survey showed on Friday. The S&P Global final Japan Services Purchasing Managers' Index (PMI) rose to 52.2 in June from 50.0 in May, signalling a renewed rise in business activity. Meanwhile, China's services activity expanded at a slightly slower pace in June as growth in new business eased, though overseas demand rose at the fastest rate in 20 months, a ??private-sector survey showed on Friday. The RatingDog China General Services Purchasing Managers' Index, compiled by S&P Global, fell to 54.1 from 54.4 in May, staying above the 50-mark that separates expansion from contraction. Overnight on Wall Street, the Dow Jones Industrial Average scaled to record highs on Thursday as investors reacted to a weaker-than-expected nonfarm payrolls report for June, while the Nasdaq Composite languished as semiconductors struggled once again. The 30-stock average added 594.83 points, or 1.14%, for a record close of 52,900.07. The index hit a new all-time intraday high of 52,903.85. The S&P 500 rose less than 1 point to end at 7,483.24, while the Nasdaq dropped 0.8% to 25,832.67. Domestic Market: Benchmark indices extended their gains for a second straight session on Thursday, supported by broad-based buying in IT and auto stocks. Sentiment was also buoyed by easing crude oil prices amid ongoing US-Iran peace talks. The Nifty closed above the 24,150 mark, while the Nifty IT index rebounded nearly 5% after four consecutive sessions of losses. Broader markets outperformed, led by small-cap stocks, although PSU bank shares bucked the trend and ended lower. The S&P BSE Sensex surged 579.48 points, or 0.75%, to 77,502.12, while the Nifty 50 advanced 169.85 points, or 0.71%, to 24,175.70. Over the two trading sessions, the Sensex has gained 1.33% and the Nifty has risen 1.29%. First Published: Jul 03 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RailTel Corporation has secured a Rs 16.20 crore contract from the Haryana State Electronics Development Corporation for the management of the Haryana State Wide Area Network (HSWAN). Ramco Systems announced the appointment of Raghuveer Sandesh Bilagi as its Chief Executive Officer. Texmaco Rail & Engineering has secured a Rs 26.56 crore contract from South Central Railway for signalling and Kavach works. Aster DM Healthcare announced the appointment of Varun Khanna as its Managing Director and Group Chief Executive Officer. CSB Bank reported a healthy business update for the first quarter of FY27, with total deposits rising 26% year-on-year to Rs 45,415 crore. CASA deposits increased 4% to Rs 8,815 crore, while term deposits grew 33% to Rs 36,600 crore. Punjab National Bank reported steady business growth for the first quarter of FY27, with global deposits rising 8.52% year-on-year to Rs 17,24,840 crore, while domestic deposits increased 8.63% to Rs 16,70,180 crore. First Published: Jul 03 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 8:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks made a mixed start to the Asian trading session on Friday after a lukewarm US jobs report poured cold water on the prospect of an imminent rate hike from the Federal Reserve. MSCI's broadest index of Asia-Pacific shares outside Japan fluctuated between gains and losses, edging up 0.1 per cent after two consecutive ?days of declines. South Korea's Kospi weighed on the regional benchmark in sympathy with sharp falls in chipmakers in US trading. S&P 500 e-mini futures and Nasdaq e-mini futures were both up 0.1 per cent, while Japan's Nikkei 225 was down 1 per cent. US job growth slowed sharply in June and payroll gains for the prior two months were revised lower, according to data released on Thursday, pointing to a cooling labour market. The unemployment rate dropped to 4.2 per cent last month from 4.3 per cent in May as workers left the labour force, pushing the participation rate to the lowest level in more than five years. "The figures challenged the narrative that the Fed remains on track to hike in the second half ?of this year," Westpac analysts wrote in a research report. The tepid jobs data doused traders' expectations of an imminent rate hike and raised the odds that the Fed will keep rates on hold until October. Fed funds futures are pricing an implied 46.8 per cent probability that the US central bank will keep rates steady at its meeting on September 15 to 16, compared to a 35.8 per cent chance a day earlier, according to the CME Group's FedWatch tool. Overnight, stocks on Wall Street were a mixed bag as the S&P 500 was flat and the Nasdaq Composite slipped 0.8 per cent, while the Dow Jones Industrial Average rose to a ?record close. The US market will be closed on Friday in observance of the Independence Day holiday. Against the yen, the US dollar was up 0.2 per cent at 161.435 yen at the start of Asian trading, with ?market liquidity thinned by the holiday. The greenback clawed back some strength after a twitchy session on Thursday, with ?a sudden bout of strength in the Japanese currency after Reuters reported authorities have adopted a new approach to their forays into the market. It was not immediately clear what drove the rally. The ?US dollar index, which measures the greenback's strength against a basket of six currencies, was steady at 100.98 after sliding 0.5 per cent on Thursday. In commodities, Brent crude futures slipped 0.4 per cent to $71.49 as trading resumed in ?Asia. Gold was up 0.1 per cent at $4,125.49. In cryptocurrencies, bitcoin was down 0.4 per cent at $61,306.45, while ether was down 0.7 per cent at $1,692.16. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 03 2026 | 8:43 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Texmaco Rail & Engineering has secured a Rs 26.56 crore order from South Central Railway for comprehensive signalling and telecommunication works. The contract involves the provision of automatic block signaling and Kavach works and is scheduled to be executed within 12 months from the date of issuance of the Letter of Acceptance (LoA). Following this order, the outstanding order book of the company's Infra Rail & Green Energy division has increased to Rs 1,159.94 crore. The company clarified that the order has been awarded by a domestic entity and does not involve any related-party transaction. Shares of Texmaco Rail & Engineering rose 0.40% to close at Rs 112.40 on the BSE. First Published: Jul 03 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 7:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to open higher. Most Asian markets erased losses. Oil prices held steady below $72 per barrel. First Published: Jul 03 2026 | 7:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: The Nifty50 and the Sensex advanced. Asia markets rebounded from a sell-off in technology stocks. First Published: Jul 03 2026 | 7:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 03 2026 | 7:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hitesh Joshi, chairman and managing director, GIC Re This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to industry assessments, coal-based urea can reduce production costs by $50–75 per tonne compared with LNG-linked facilities under prevailing market conditions This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Traditional ringing of the listing gong by Priyadarshi Pany, managing director and CEO of CSM Technologies in the presence of company officials First Published: Jul 02 2026 | 10:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Most industry insiders agree that AI will eventually offer both productivity gains and market expansion. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 9:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The series of free trade agreements (FTAs) finalised by India, including the ones with the UK and the European Union, will give a major boost to toy exports, according to industry officials. Under the free trade agreements with the EU and UK, Indian toys will get zero duty access, Toy Association of India Chairman Manu Giota said. At present, the products face about 5-6 per cent import duty in these two markets. "These FTAs will catapult us into the major league, he said, adding that these markets account for about 16 per cent of the country's total toy exports, which stood at USD 0.35 billion in 2024. India signed a trade pact with the UK last year, and it will come into force from July 15. The agreement with the 27-nation EU is likely to be signed by December this year and may be implemented next year. Gupta, who is also the CEO of Playgro Toys India, said that huge investments are coming into the sector due to the business-friendly policies of the Narendra Modi-led government. Playgro has invested about ?82 crore to set up a manufacturing capacity in Ujjain. The company, he said, has employed about 500 people and the number will be increased to 800 soon. He indicated that one more investment is in the pipeline. Talking about the free trade agreements, Amitabh Kharbanda, Promotor of Sunlord Group, said that the Indian industry should prepare itself to take advantage of these pacts as it will create massive export opportunities. He said that the UK and the EU have stringent quality standards and regulations which Indian toy makers have to meet to tap into these markets. "We need good testing facilities in India. The government is helping us. The UK and the EU are focusing on sustainability issues," Kharbanda said, adding that his company is setting up a unit in Bihta in Bihar. To showcase Indian industry prowess in the toy sector, Gupta said the association is organising a four-day international exhibition at Bharat Mandapam here from July 4. Commerce and Industry Minister Piyush Goyal will inaugurate the 17th Toy BIZ International Exhibition. Over 300 Indian companies are participating in the expo to showcase 400 brands in areas such as educational toys, plastic toys, soft toys, and electronic toys. "We are expecting 20,000 domestic visitors. Participants from regions like Europe, the Middle East, South East Asia, the US and South America are expected to attend the expo," Gupta added. The US is the largest export destination for the Indian toy industry. As Indian exports account for about 0.3 per cent of global toy exports, huge potential is there "for us to increase our share", he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 02 2026 | 6:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 6:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 02 2026 | 6:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 13.68 crore shares as against 1.89 crore shares on offer. The issue opened for bidding on 1 July 2026 and it will close on 3 July 2026. The price band of the IPO is fixed between Rs 161 and 170 per share. An investor can bid for a minimum of 88 equity shares and in multiples thereof. IPO comprises fresh issue of Rs 380 crore and an offer-for-sale (OFS) of up to 35,00,000 equity shares worth up to Rs 59.5 crore at higher price band of Rs 170. Promoter group members will offload a part of their stake in the OFS. Knack Packaging will utilise Rs 320 crore from the net fresh issue proceeds for partial funding of capital expenditure towards setting up of new manufacturing facility at Borisana situated at Kadi, Mehsana, Gujarat and the remaining funds will be utilised for general corporate purposes. Knack Packaging (KPL) is an integrated packaging solutions provider engaged in the manufacturing of printed and laminated woven polypropylene (PLWPP) bags used across industries such as food, agriculture, cement, chemicals and pet food. The company exports its products to 71 countries and serves over 1,950 customers globally. It operates a manufacturing facility in Gujarat with an installed capacity of 43,300 MTPA and is setting up a new plant in Mehsana, Gujarat, to expand its production capacity. Ahead of the IPO, Knack Packaging (KPL) on Tuesday, 30 June 2026, raised Rs 131.24 crore from anchor investors. The board allotted 77.20 lakh shares at Rs 170 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 92.72 crore and sales of Rs 823.43 crore for the twelve months ended on 31 March 2026. First Published: Jul 02 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 5:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee appreciated 26 paise to 94.90 against US dollar in early trade on Thursday, supported by easing crude oil prices. Rupee opened on a positive note as crude oil prices have fallen back to levels seen before the West Asia conflict. Even global risk sentiment has stabilised compared to the panic witnessed a few weeks ago. Foreign investors poured nearly USD 5.3 billion into Indian bond markets during June, marking the first month of positive inflows after three consecutive months of outflows. The Indian equity benchmarks closed sharply higher, with the BSE Sensex surging 579.48 points (0.75%) to settle at 77,502.12 and the NSE Nifty 50 advancing 169.85 points (0.71%) to end at 24,175.70. First Published: Jul 02 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 5:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 5:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Benchmark indices extended their gains for a second straight session on Thursday, supported by broad-based buying in IT and auto stocks. Sentiment was also buoyed by easing crude oil prices amid ongoing US-Iran peace talks. The Nifty closed above the 24,150 mark, while the Nifty IT index rebounded nearly 5% after four consecutive sessions of losses. Broader markets outperformed, led by small-cap stocks, although PSU bank shares bucked the trend and ended lower. The S&P BSE Sensex surged 579.48 points, or 0.75%, to 77,502.12, while the Nifty 50 advanced 169.85 points, or 0.71%, to 24,175.70. Over the two trading sessions, the Sensex has gained 1.33% and the Nifty has risen 1.29%. Infosys (up 5.82%), TCS (up 4.45%) and ICICI Bank (up 1.54%) boosted the Nifty higher today. In the broader market, the BSE 150 MidCap Index climbed 0.65%, while the BSE 250 SmallCap Index outperformed with a gain of 0.98%. Market breadth remained positive. On the BSE, 2,536 shares advanced, 1,740 declined and 191 remained unchanged. The NSE's India VIX, which measures expected market volatility, fell 7.21% to 12.29. Economy: India's fiscal deficit reached Rs 1.62 lakh crore in the first two months of FY27 (through May), accounting for 9.6% of the full-year budget target, up sharply from 0.8% a year earlier. Total receipts stood at Rs 7.19 lakh crore, while expenditure was Rs 8.81 lakh crore. Revenue receipts came in at Rs 6.99 lakh crore, including Rs 3.48 lakh crore in tax revenue and Rs 3.51 lakh crore in non-tax revenue. Numbers to Track: The yield on India's 10-year benchmark federal paper was down 0.58% to 6.721 as compared with previous close 6.760. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.3950 compared with its close of 95.1650 during the previous trading session. MCX Gold futures for 5 August 2026 settlement rose 0.04% to Rs 144,488. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.33% to 101.10. The United States 10-year bond yield grew 0.42% to 4.494. In the commodities market, Brent crude for September 2026 settlement lost $1.06 or 1.48% to $70.51 a barrel. Global Markets: US Dow Jones futures rose 81 points, indicating a positive start for Wall Street later on Thursday. European indices traded higher as investors weighed hawkish comments from global central bankers against regional economic data, while awaiting the closely watched US jobs report due later this week. Most Asian indices ended higher as investors remained cautious ahead of key US employment data, which could offer fresh clues on the Federal Reserve's interest rate path. Sentiment, however, remained subdued following overnight weakness on Wall Street. South Korea's Kospi bucked the regional trend, plunging 7.36% and triggering a five-minute trading halt after the benchmark breached the Korea Exchange's circuit-breaker threshold amid heightened market volatility. Overnight, Wall Street ended mixed. The Dow Jones Industrial Average briefly touched a record high before slipping 13.96 points, or 0.03%, to close at 52,305.24. The S&P 500 fell 0.22% to 7,483.23, while the Nasdaq Composite declined 0.66% to 26,040.03. Technology stocks came under pressure as investors booked profits in semiconductor shares after their strong rally in the first half of 2026. Micron and Sandisk dropped more than 10%, while Nvidia and Broadcom also ended lower. Investors are now awaiting the June US non-farm payrolls report. According to media reports, the US economy is expected to have added about 115,000 jobs during the month. New Listing: Shares of CSM Technologies were at Rs 107.35 on the BSE, a discount of 5% compared with the issue price of Rs 113. The scrip was listed at 113, matching the initial public offer (IPO) price. The stock hit a high of Rs 113 and a low of Rs 107.35. On the BSE, 47,000 shares of the company were traded in the counter. Auto Sales: TVS Motor Company rallied 3.72% after the company recorded monthly sales growth of 47%, with sales of 590,003 units in June 2026 as against 402,001 units in June 2025. Force Motors jumped 5.66% after reporting a 23.50% increase in total sales to 3,568 units in June 2026, compared with 2,889 units in June 2025. Bajaj Auto shed 0.05%. The company reported a 28% increase in total auto sales to 4,63,202 units in June 2026, compared with 3,60,806 units sold in June 2025. Maruti Suzuki India slipped 0.46%. The company reported a 19.28% jump in total sales to 2,00,390 units in June 2026 compared with 1,67,993 units in June 2025. Stocks in Spotlight: The Nifty IT index climbed 4.64% to 26,965.05 on Thursday, snapping a four-session losing streak as investors returned to beaten-down technology stocks after the recent sharp correction. The sectoral index had fallen 6.52% over the previous four trading sessions. The rally was broad-based, led by Persistent Systems, which surged 5.93%. Infosys gained 5.82%, followed by Mphasis (up 5.68%), Coforge (up 5.20%), Tech Mahindra (up 4.57%), HCLTech (up 4.56%), Tata Consultancy Services (up 4.45%), LTIMindtree (up 3.54%), Wipro (up 2.27%) and Oracle Financial Services Software (up 0.91%). Bank of Baroda fell 4.34% after the lender announced an out-of-court settlement with the joint administrators of NMC Health PLC, NMC Healthcare and NMC Holding, resolving litigation related to the collapse of the UAE-based healthcare group. Under the agreement, the bank will pay $600 million (about Rs 5,700 crore) through its Abu Dhabi branch. The bank said the settlement was reached without any admission of liability or wrongdoing and is expected to eliminate a long-running legal overhang by avoiding prolonged litigation and related costs. Bank of India rose 2.65%. The bank reported 16.58% rise in global business, which stood at Rs 17,55,915 crore as on 30 June 2026 as against Rs 15,06,142 crore as on 30 June 2025. Dhanlaxmi Bank jumped 5.20% after the bank's gross advances increased 26.47% year-on-year (YoY) to Rs 15,785 crore as of 30 June 2026 from Rs 12,481 crore as of 30 June 2025. Punjab & Sind Bank rose 1.63% after the bank reported a 19.50% year-on-year increase in gross advances to Rs 1,19,440 crore as of 30 June 2026, from Rs 99,950 crore a year earlier. Capital Small Finance Bank added 1.67% after the banks total deposits increased by 16.3% to Rs 10,596 crore as of 30 June 2026 from Rs 9,110 crore as of 30 June 2025. Tamilnad Mercantile Bank advanced 2.29% after the private sector lender reported healthy business growth for the quarter ended 30 June 2026. United Drilling Tools rallied 2.07% after the company secured a repeat domestic order worth Rs 3.88 crore from Vedanta for the supply of tubings, pup joints and crossovers in the ordinary course of business. NMDC rose 1.72% after the company reported a 44.26% year-on-year (YoY) increase in iron ore production to 5.15 million tonnes (MT) in June 2026, compared with 3.57 MT in June 2025. Baazar Style Retail hit the 5% upper circuit at Rs 307.80 after the value fashion retailer reported a strong business update for the quarter ended 30 June 2026. Standalone revenue from operations rose 29% year-on-year to Rs 486 crore in Q1 FY27 from Rs 377.8 crore in the corresponding quarter last year. Same-store sales growth (SSSG) stood at 7% during the quarter, while sales per square foot increased 2% year-on-year to Rs 679 per month. Vedanta Aluminium Metal rose 2.15% to Rs 461.65 on Thursday after a domestic brokerage initiated coverage on the stock with a 'Buy' rating and a target price of Rs 550. GK Energy added 2.43% after the company said it had secured a 10 MW rooftop solar project order worth Rs 48.02 crore. Coal India rose 0.87% after the company announced that it has received a letter of award worth Rs 2,831.11 crore from Bundelkhand Saur Urja for setting up a 600 MW solar power project at Jalaun Solar Park in Uttar Pradesh. Initial Public Offer (IPO): Knack Packaging received bids for 13,52,83,104 shares as against 1,89,64,018 shares on offer, according to stock exchange data at 16:42 IST on 2 July 2026. The issue was subscribed 7.13 times. The issue opened for bidding on 1 July 2026 and it will close on 3 July 2026. The price band of the IPO is fixed between Rs 161 and 170 per share. First Published: Jul 02 2026 | 5:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 5:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India VIX dropped 7.21% to 12.29. In the cash market, the Nifty 50 index jumped 169.85 points or 0.71% to 24,175.70. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 7.21% to 12.29. Infosys, Tata Consultancy Services and HDFC Bank were the top-traded individual stock futures contracts in the F&O segment of the NSE. The July 2026 F&O contracts will expire on 28 July 2026. First Published: Jul 02 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
State-owned Bank of Baroda (BoB) on Thursday said it reached an out-of-court settlement with NMC Health PLC, NMC Healthcare Ltd, and NMC Holding Ltd, with USD 600 million (about ?5,700 crore) paid through its Abu Dhabi Branch. The case involved proceedings under Abu Dhabi Global Market (ADGM) and UK insolvency regulations, and the UAE civil law in relation to NMC Health PLC, NMC Holding Ltd and NMC Healthcare Ltd, BoB said in a regulatory filing. "NMC Health PLC, NMC Healthcare Ltd, NMC Holding Ltd, and their respective Joint Administrators, have resolved the claims between them and the Bank of Baroda in consideration for, inter alia, payment by Bank of Baroda of USD 600 million, pursuant to a settlement agreement," it said. All claims, causes of action, etc. between them have been resolved without admission of liability or wrongdoing, it said. The settlement agreement and its terms otherwise remain confidential, it said, adding that the liability of the bank in these proceedings is limited to this sum. "Pursuant to the settlement agreement, the ADGM have been discontinued. The English Proceedings are in the process of being discontinued," it said. Shares of BoB closed at ?260.15, down 4.18 per cent on the BSE. The Mumbai-headquartered public sector lender reported a 14 per cent increase in total deposits to ?16.3 lakh crore in the reporting quarter against ?14.35 lakh crore at the end of the first quarter of the previous financial year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 02 2026 | 4:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 4:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 4:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 4:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty settled above the 24,150 mark. Barring the Nifty IT index, all other sectoral indices on the NSE ended in the green, with IT, realty and consumer durables shares experienced the most gains. As per provisional closing data, the barometer index, the S&P BSE Sensex gained 579.48 points or 0.75% to 77,502.12. The Nifty 50 index jumped 169.85 points or 0.71% to 24,175.70. In the two consecutive trading sessions, the Sensex rallied 1.33% while the Nifty jumped 1.29%. The broader market underperformed the frontline indices. The BSE 150 MidCap Index jumped 0.65% and the BSE 250 SmallCap Index surged 0.98%. The market breadth was positive. On the BSE, 2,539 shares rose and 1,738 shares fell. A total of 190 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 7.21% to 12.29. In the commodities market, Brent crude for Sep 2026 settlement fell 98 cents or 1.37% to $70.59 a barrel. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.3450 compared with its close of 95.1650 during the previous trading session. Economy: India's fiscal deficit reached Rs 1.62 lakh crore in the first two months of FY27 (through May), accounting for 9.6% of the full-year budget target, up sharply from 0.8% a year earlier. Total receipts stood at Rs 7.19 lakh crore, while expenditure was Rs 8.81 lakh crore. Revenue receipts came in at Rs 6.99 lakh crore, including Rs 3.48 lakh crore in tax revenue and Rs 3.51 lakh crore in non-tax revenue. New Listing: Shares of CSM Technologies were at Rs 107.35 on the BSE, representing a discount of 5% as compared with the issue price of Rs 113. The scrip was listed at 113, matching the initial public offer (IPO) price. The stock has hit a high of Rs 113 and a low of Rs 107.35. On the BSE, over 0.47 lakh shares of the company were traded in the counter. Initial Public Offer (IPO): Knack Packaging received bids for 11,61,23,040 shares as against 1,89,64,018 shares on offer, according to stock exchange data at 15:45 IST on 02 July 2026. The issue was subscribed 6.12 times. The issue opened for bidding on 01 July 2026 and it will close on 03 July 2026. The price band of the IPO is fixed between Rs 161 and 170 per share. An investor can bid for a minimum of 88 equity shares and multiples thereof. Buzzing Index: The Nifty IT index climbed 4.64% to 26,965.05. The index slumped 6.51% in the past four consecutive trading sessions. Persistent Systems (up 5.93%), Infosys (up 5.77%), Mphasis (up 5.68%), Coforge (up 5.2%), Tech Mahindra (up 4.58%), HCL Technologies (up 4.48%), Tata Consultancy Services (up 4.45%), LTM (up 3.54%), Wipro (up 2.27%) and Oracle Financial Services Software (up 0.91%) advanced. Auto sales TVS Motor Company rallied 3.75% after the company recorded monthly sales growth of 47%, with sales of 590,003 units in June 2026 as against 402,001 units in June 2025. Force Motors jumped 5.59% after reporting a 23.50% increase in total sales to 3,568 units in June 2026, compared with 2,889 units in June 2025. Bajaj Auto shed 0.12%. The company reported a 28% increase in total auto sales to 4,63,202 units in June 2026, compared with 3,60,806 units sold in June 2025. Maruti Suzuki India slipped 0.74%. The company reported a 19.28% jump in total sales to 2,00,390 units in June 2026 compared with 1,67,993 units in June 2025. Force Motors gained 5.59% after reporting a 23.50% increase in total sales to 3,568 units in June 2026, compared with 2,889 units in June 2025. Stocks in Spotlight: Bank of India rose 0.21%. The bank reported 16.58% rise in global business, which stood at Rs 17,55,915 crore as on 30 June 2026 as against Rs 15,06,142 crore as on 30 June 2025. Dhanlaxmi Bank jumped 5.39% after the bank's gross advances increased 26.47% year-on-year (YoY) to Rs 15,785 crore as of 30 June 2026 from Rs 12,481 crore as of 30 June 2025. Punjab & Sind Bank rose 1.55% after the bank reported a 19.50% year-on-year increase in gross advances to Rs 1,19,440 crore as of 30 June 2026, from Rs 99,950 crore a year earlier. United Drilling Tools rallied 3.10% after the company secured a repeat domestic order worth Rs 3.88 crore from Vedanta for the supply of tubings, pup joints and crossovers in the ordinary course of business. Capital Small Finance Bank added 2.10% after the banks total deposits increased by 16.3% to Rs 10,596 crore as of 30 June 2026 from Rs 9,110 crore as of 30 June 2025. Texmaco Rail & Engineering added 0.58%. The company said it has received two domestic orders for manufacture and supply of wagons and rakes worth Rs 351.16 crore. Tamilnad Mercantile Bank advanced 2.46% after the private sector lender reported healthy business growth for the quarter ended 30 June 2026. NMDC rose 1.54% after the company reported a 44.26% year-on-year (YoY) increase in iron ore production to 5.15 million tonnes (MT) in June 2026, compared with 3.57 MT in June 2025. GK Energy added 1.96% after the company said it had secured a 10 MW rooftop solar project order worth Rs 48.02 crore. Coal India rose 1.04% after the company announced that it has received a letter of award worth Rs 2,831.11 crore from Bundelkhand Saur Urja for setting up a 600 MW solar power project at Jalaun Solar Park in Uttar Pradesh. Global Markets: European markets advanced on Thursday, as investors balanced hawkish commentary from global central bankers against regional economic indicators while awaiting a critical U.S. jobs report due later this week. Asian markets ended mixed as caution prevailed ahead of key U.S. employment data, which could provide fresh clues on the Federal Reserve's monetary policy path. The muted sentiment followed overnight losses on Wall Street. South Korea's Kospi led losses across Asian markets, plunging 7.36%, triggering a five-minute trading halt by the Korea Exchange after the benchmark breached the circuit-breaker threshold amid heightened market volatility. Overnight on Wall Street, the Dow Jones Industrial Average scaled to a record high before cooling on Wednesday, while the Nasdaq Composite struggled amid declines in chipmakers. The 30-stock average lost 13.96 points, or 0.03%, to close at 52,305.24. The S&P 500 dropped 0.22%, ending at 7,483.23. The Nasdaq Composite declined 0.66% to 26,040.03. The tech-heavy index fell as investors dumped semiconductor names, taking profit after the swath of stocks surged more than 80% in the first half of 2026. Micron tumbled more than 10%, although its still up more than 260% in the year to date. Sandisk also shed over 10%, but the stock is still toting an advance of more than 750% in 2026. Nvidia and Broadcom also fell roughly 1% and 2%, respectively, in the session. Wall Street is now looking ahead to the June jobs report. As per media reports, the US economy is expected to have added 115,000 jobs last month. First Published: Jul 02 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 4:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The inspection has concluded with one observation. The Company will respond to the observation comprehensively to FDA within the stipulated time frame. First Published: Jul 02 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Start-ups have nearly quadrupled their share, from 6 per cent to 22 per cent over the same period The Indian public relations industry is expected to reach ? 4,500 crore by 2030, having grown 11 per cent in FY26 to reach ?3,230 crore, according to a report. The growth rate of 11 per cent in FY26 is a moderation from a decade-long CAGR of 12 per cent, signalling a maturing industry, said the SPRINT 2026 report by Public Relations Consultants Association of India (PRCAI). In FY26, the Indian PR industry accounted for 12.6 per cent of the Asia-Pacific market, the report, which was released on Thursday, added. As per the report, the government's share of top client categories has nearly tripled between 2022 and 2026, from 4 per cent to 11 per cent, even as private corporates -- the industry's mainstay -- slipped from 48 per cent to 42 per cent over the same period. Start-ups have nearly quadrupled their share, from 6 per cent to 22 per cent over the same period. "Overall, start-ups, education and ed-tech, government and FMCG are the strongest sectoral gainers," it said. The report also pointed out that AI investment in the PR industry has more than tripled in three years, from 2 per cent to 7 per cent of revenues, "yet giants to mid-sized to emerging firms are placing entirely different strategic bets". (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 02 2026 | 3:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Chip and AI-related stocks recorded the biggest losses, with Kioxia Holdings falling 13.5%, Taiyo Yuden 10%, Tokyo Electron 7.4%, Advantest 10%, and Fujikura 7.9%. However, losses were partly offset by gains in financial and consumer stocks. Mitsubishi UFJ rose 1.8%, Mizuho Financial gained 2%, and Toyota Motor advanced 2.5%. First Published: Jul 02 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investor sentiment weakened as markets reassessed the recent rally in artificial intelligence-related stocks, with concerns that share prices had risen too quickly. Technology stocks also came under pressure after reports that Apple is considering sourcing memory chips from Chinese manufacturers ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Co. (YMTC). The move could face scrutiny from US policymakers due to ongoing technology tensions between the US and China. Among the biggest losers in the technology sector were Cambricon Technologies (-7.63%), SMIC (-6.72%), Hygon Information Technology (-7.89%), Zhongji Innolight (-6.55%), Eoptolink Technology (-11.56%), NAURA Technology (-10.00%) and Victory Giant Technology (-6.35%), reflecting broad-based weakness across the sector. First Published: Jul 02 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vedanta Oil & Gas hit a new high, and has gained 40% in two trading sessions. First Published: Jul 02 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Technologies surged 6.45% to Rs 713.40 on Thursday as investors lapped up the stock after a sharp correction in recent sessions. The rebound came as bargain hunting emerged across IT stocks after the sector witnessed heavy selling earlier this week. Tata Technologies is a global product engineering and digital services company, providing engineering, research and development, and digital transformation solutions to global automotive, industrial heavy machinery and aerospace clients. For Q4 FY26, the company reported a consolidated net profit of Rs 204.17 crore, sharply higher than Rs 6.64 crore in Q3 FY26. Revenue from operations increased 15.12% quarter-on-quarter to Rs 1,572.22 crore. First Published: Jul 02 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Canara Bank said its global business grew 14.40% year-on-year to Rs 29,05,820 crore as of 30 June 2026. Global deposits increased 11.69% YoY to Rs 16,12,604 crore, while global advances rose 17.96% to Rs 12,93,216 crore. Domestic deposits grew 10.06% year-on-year to Rs 14,73,447 crore, while domestic advances increased 16.93% to Rs 12,06,875 crore. The bank's domestic retail, agriculture and MSME (RAM) advances rose 21.27% YoY to Rs 7,65,061 crore. Canara Bank is a public sector bank in India.As on 31.03.2026, the Bank has 10,097 Number of Branches, out of which 3200 are Rural,3025 Semi Urban,1987 Urban & 1885 Metro along with 11306 ATM & Recycler. Bank is also having 4 Overseas Branches in London, New York, Dubai & IBU Gift City Gujrat. The banks standalone net profit declined 9.93% to Rs 5,002.66 crore on a 1.84% decrease in total income to Rs 36,662.21 crore in Q4 FY26 over Q4 FY25. The scrip shed 0.04% to Rs 126.10 on the BSE. First Published: Jul 02 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dhanlaxmi Bank rose 4.92% to Rs 33.50 after the bank's gross advances increased 26.47% year-on-year (YoY) to Rs 15,785 crore as of 30 June 2026 from Rs 12,481 crore as of 30 June 2025. Total business stood at Rs 35,188 crore as of 30 June 2026, registering a growth of 21.12% YoY from Rs 29,051 crore a year ago. CASA stood at Rs 5,589 crore as of 30 June 2026, up 19.55% YoY. Gold loans increased 75.91% YoY to Rs 7,105 crore during the period under review. The banks standalone net profit surged 775.5% to Rs 28.98 crore on a 13.4% increase in total income to Rs 393.71 crore in Q4 FY25 over Q4 FY24. First Published: Jul 02 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 2:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
However, the new RBI norms which allow banks to finance acquisitions will increase competition in a segment historically dominated by alternative capital. As per the new RBI rules effective July 1, RBI, for the first time, has allowed banks to fund strategic acquisitions of equity shares and compulsorily convertible debentures, subject to certain conditions. Its growth will accelerate as funding needs in the country increase amid strong economic conditions, it added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 02 2026 | 2:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vedanta Aluminium target price: Vedanta Aluminium up 4% after Emkay starts coverage with Buy; eyes 17% gain First Published: Jul 02 2026 | 2:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Punjab & Sind Bank rose 1.55% to Rs 24.96 after the bank reported a 19.50% year-on-year increase in gross advances to Rs 1,19,440 crore as of 30 June 2026, from Rs 99,950 crore a year earlier. Total business grew 15.33% year-on-year to Rs 2,66,574 crore as of 30 June 2026, compared with Rs 2,31,132 crore in the year-ago period. Total deposits rose 12.16% year-on-year to Rs 1,47,134 crore as of 30 June 2026, from Rs 1,31,182 crore a year earlier. Punjab & Sind Bank is a public sector lender offering a range of banking products and services across retail, corporate and other customer segments. The bank reported a 34.9% year-on-year increase in standalone net profit to Rs 421.83 crore in Q4 FY26, while revenue from operations declined 9.9% to Rs 3,457.36 crore. First Published: Jul 02 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 1:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sona Comstar stock hit 52-week high in Thursday's trade. First Published: Jul 02 2026 | 1:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As reported by Indian Railways, the upgraded Kavach Version 4.0 supports train operations at speeds of up to 130 kmph (in the newly commissioned 207 route kilometres). With this, the total Kavach Version 4.0 coverage in the North Central Railway has increased to 652 route kilometres, of which 572 route kilometres have been executed by KERNEX. The Company is further pleased to inform that the Kavach Version 4.0 system executed by KERNEX has successfully demonstrated support for train operations at speeds of up to 160 kmph over an executed section of 175 route kilometres, showcasing Kernex's readiness to support India's ambitious vision for high-speed rail modernization. The commissioning involved successful trial runs using the Kanpur Shatabdi Express and Sikkim Mahananda Express equipped with the Kernex-built Kavach system. The project also achieved successful integration with the Hitachi Electronic Interlocking System without any operational issues, demonstrating the robustness and interoperability of the Company's indigenous Kavach solution. The project includes Kavach installations at 39 stations, commissioning of 10 W AP-7 locomotives, installation of more than 4,600 RFID tags, construction of 17 communication towers, laying of 48-corc optical fibre cable, and establishment of 30 dedicated equipment rooms. Prior to commissioning, the system successfully underwent extensive testing and validation by the Research Designs and Standards Organisation (ROSa), North Central Railway and Independent Safety Assessment (ISA) by Italcertifier, Italy. First Published: Jul 02 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 1:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Swara Baby Products, a contract manufacturer of baby diapers, adult diapers and feminine hygiene products backed by FirstCry, on Thursday filed draft papers with markets regulator Sebi to raise ?1,000 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to ?500 crore and an offer for sale (OFS) valued at ?500 crore by promoters, according to the draft red herring prospectus (DRHP). The OFS includes sale of shares worth up to ?300 crore by Brainbees Solutions Ltd, the parent company of FirstCry, and up to ?200 crore by Anadya Bon Merchari LLP. The company proposes to utilise the net proceeds from the fresh issue to set up a new manufacturing facility in Madhya Pradesh with an allocation of ?198.2 crore, repay or prepay loans amounting to ?100 crore, and invest ?27.5 crore in subsidiaries Solis Hygiene, Swara Hygiene and K.A. Enterprises Hygiene Pvt Ltd (KAEHPL) for repayment of their outstanding dues. Additionally, the funds will be used to pursue inorganic growth through acquisitions and for general corporate purposes. Swara Baby may also undertake a pre-IPO placement of up to ?100 crore. Founded in 2018, Swara Baby manufactures disposable hygiene products across baby care, adult incontinence and feminine hygiene segments. Its portfolio includes baby diapers, adult diapers, sanitary napkins and panty liners, primarily manufactured under contract for consumer brands. The company supplies products to customers, including Brainbees Solutions, Piramal Pharma and Himalaya Wellness Company. It also markets its own brands Cuddles and Shield through online and modern retail channels. In December 2025, it acquired K.A. Enterprises Hygiene, a manufacturer of feminine hygiene products. Swara Baby held a 37 per cent market share in baby diaper contract manufacturing and a 36 per cent share in adult diaper contract manufacturing by value during FY25, the draft papers noted. The company operates four manufacturing facilities across Pithampur and Indore in Madhya Pradesh. For FY26, the company reported revenue from operations of ? 1,163.9 crore, compared with ?942.97 crore in FY25. Profit after tax stood at ?95.58 crore in FY26 against ?80.67 crore in the previous financial year. Baby diapers remained the largest revenue contributor, accounting for 79 per cent of product sales in FY26. JM Financial and Avendus Capital are the book-running lead managers to the issue. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 02 2026 | 1:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Japanese two-wheeler maker Suzuki Motorcycle on Thursday said its total vehicle sales in India witnessed a 21 per cent on-year growth in June to 115,030 units. The company had sold a total of 95,244 two-wheelers in May 2025, Suzuki Motorcycle India said. Domestic sales for June increased to 91,264 units, up 23 per cent from 73,934 units a year ago, it said, adding exports stood at 23,766 units for the reporting month, with a 12 per cent year-on-year growth, compared to 21,310 units exported in June 2025, it said. The company's sales performance in June reflects the sustained momentum, supported by strong demand, said Deepak Mutreja, Vice President for Sales and Marketing at Suzuki Motorcycle India Pvt Ltd. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 02 2026 | 1:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TVS Motor shares gain 4% as June sales jump 47%; Q1 volumes hit record First Published: Jul 02 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Upper circuit on Waterways Leisure share First Published: Jul 02 2026 | 1:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The ordered machines are designed to support BSY filament twisted yarn production for fabrics and industrial applications, typically using polyester, viscose, cotton, and blended yarns. MEERA's solution set, particularly its high-speed TFO (Two-For-One) twisting expertise for hightwist yarns, is well suited to modern manufacturing requirements where productivity, package quality, and energy efficiency are key operating priorities. First Published: Jul 02 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Baazar Style Retail hit the 5% upper circuit at Rs 307.80 after the value fashion retailer reported a strong business update for the quarter ended 30 June 2026. Same-store sales growth (SSSG) stood at 7% during the quarter, while sales per square foot increased 2% year-on-year to Rs 679 per month. The company's store network expanded 19% to 276 stores as of 30 June 2026 from 232 stores a year earlier. Total retail area increased 22% year-on-year to 25.80 lakh square feet from 21.17 lakh square feet. During the quarter, Baazar Style Retail opened 18 new stores and closed five stores. The company said the revenue figures for Q1 FY27 are subject to limited review by its statutory auditors. Baazar Style Retail is a Kolkata-based value fashion retailer that offers affordable apparel and lifestyle products for the entire family. Founded in 2013, the company operates a one-stop retail format focused on providing quality fashion merchandise at accessible price points. On a consolidated basis, Baazar Style Retail reported net loss of Rs 25.65 crore in Q4 March 2026 as against net loss of Rs 6.39 crore in Q4 March 2025. Net sales rose 34.84% YoY to Rs 465.71 crore in Q4 March 2026. First Published: Jul 02 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 12:30 IST, the barometer index, the S&P BSE Sensex jumped 389.05 points or 0.45% to 77,311.69. The Nifty 50 index rose 116.25 points or 0.48% to 24,122.10. The broader market outperformed the headline indices. The BSE 150 MidCap Index added 0.65% and the BSE 250 SmallCap Index rose 0.75%. The market breadth was positive. On the BSE, 2,466 shares rose and 1,583 shares fell. A total of 201 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 5.93% to 13.83. The Nifty 28 July 2026 futures were trading at 24,212.50, at a premium of 90.4 points as compared with the spot at 24,122.10. The Nifty option chain for the 28 July 2026 expiry showed a maximum call OI of 71.5 lakh contracts at the 25,000 strike price. A maximum put OI of 65.4 lakh contracts was seen at the 24,000 strike price. Buzzing Index: The Nifty Realty index rose 1.30% to 870.45. The index rose 6.16% in the past three trading sessions. Prestige Estates Projects (up 2.57%), Oberoi Realty (up 2.28%), Aditya Birla Real Estate (up 2.03%), Lodha Developers (up 1.82%), Sobha (up 1.53%), DLF (up 1.45%), Anant Raj (up 0.87%), and Godrej Properties (up 0.3%) jumped. Stocks in Spotlight: United Drilling Tools rallied 3.69% after the company secured a repeat domestic order worth Rs 3.88 crore from Vedanta for the supply of tubings, pup joints and crossovers in the ordinary course of business. Capital Small Finance Bank added 1.51% after the banks total deposits increased by 16.3% to Rs 10,596 crore as of 30 June 2026 from Rs 9,110 crore as of 30 June 2025. Texmaco Rail & Engineering added 0.31%. The company said it has received two domestic orders for manufacture and supply of wagons and rakes worth Rs 351.16 crore. First Published: Jul 02 2026 | 12:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharti Airtel said its subsidiary, Airtel Money has commenced commercial operations as a Type II non-deposit accepting non-banking financial company (NBFC). Hero MotoCorp said it will invest more than Rs 3,200 crore in Andhra Pradesh, including Rs 750 crore in a Global Parts Centre at Tirupati, creating around 4,000 jobs. V2 Retail said it reported a 58% year-on-year rise in revenue for Q1 FY27. Same-store sales grew 7.5%, while monthly sales per square foot stood at Rs 886. The company opened 57 stores and closed one during the quarter, taking its retail footprint to around 40.7 lakh sq ft across 381 stores. NMDC said its iron ore production rose 44% year-on-year to 5.15 million tonnes (MT) in June from 3.57 MT a year earlier, driven by its Chhattisgarh operations. Sales increased 11% year-on-year to 3.98 MT from 3.58 MT. Ashiana Housing said it recorded bookings of 234 units in Q1 FY27. The company launched 140 units each in OMA Phase 1 and OMA Phase 2 during the quarter, acquired a 28.55-acre land parcel in Maharashtra with a sales value potential of Rs 1,800 crore, and commenced handovers for Phase 1 of Ashiana Nitara in Jaipur. Force Motors said its domestic vehicle sales rose 26.63% year-on-year to 3,547 units in June from 2,801 units a year earlier. Vehicle exports increased 76.14% to 88 units from 50 units, while total vehicle sales grew 23.50% year-on-year. First Published: Jul 02 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty July 2026 futures currently traded 38.00 points higher, suggesting a mildly positive opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 1,140.50 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,159.24 crore in the Indian equity market on 01 July 2026, provisional data showed. The FIIs have sold shares worth Rs 49,028.63 crore in June. This follows their cash sales of Rs 55,963.33 crore in May, Rs 70,135.46 crore in April and Rs 122,540.41 crore in March. Global Markets: Asia markets traded mostly lower on Thursday as they tracked the losses on Wall Street that were recorded in the previous session. South Koreas Kospi led losses in Asia, falling 5.36% at the open, prompting the Korean Exchange to temporarily halt trading for five minutes to curb volatility. Overnight on Wall Street, the Dow Jones Industrial Average scaled to a record high before cooling on Wednesday, while the Nasdaq Composite struggled amid declines in chipmakers. The 30-stock average lost 13.96 points, or 0.03%, to close at 52,305.24.The S&P 500 dropped 0.22%, ending at 7,483.23. The Nasdaq Composite declined 0.66% to 26,040.03. The tech-heavy index fell as investors dumped semiconductor names, taking profit after the swath of stocks surged more than 80% in the first half of 2026. Micron tumbled more than 10%, although its still up more than 260% in the year to date. Sandisk also shed over 10%, but the stock is still toting an advance of more than 750% in 2026. Nvidia and Broadcom also fell roughly 1% and 2%, respectively, in the session. Wall Street is now looking ahead to the June jobs report. As per media reports, the US economy is expected to have added 115,000 jobs last month. Domestic Market: Benchmark indices snapped a two-day losing streak on Wednesday, supported by broad-based buying in auto, FMCG and financial stocks, while IT shares remained under pressure following KPIT Technologies' weak Q1 FY27 outlook. The Nifty reclaimed the 24,000 mark, while broader markets also ended higher. Positive global cues and value buying in beaten-down large-cap stocks lifted overall market sentiment. The S&P BSE Sensex jumped 443.97 points or 0.58% to 76,922.64. The Nifty 50 index added 140.10 points or 0.59% to 24,005.85. In the past two consecutive trading sessions, the Sensex dropped 0.80% while the Nifty fell 0.79%. First Published: Jul 02 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aastha Spintex IPO First Published: Jul 02 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 8:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 02 2026 | 8:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Crude Oil Outlook H2CY26: Base case scenario Brent may range around $68-72 per barrel, says analyst at Mirae Asset Sharekhan. First Published: Jul 02 2026 | 8:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 8:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 8:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 02 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Syngene International announced that Siddharth Mittal has assumed charge as the company's managing director (MD) and chief executive officer (CEO) with effect from 1 July 2026. Siddharth Mittal joins Syngene from Biocon, where he most recently served as managing director and CEO. During his 13-year tenure at Biocon, he also served as chief financial officer (CFO) before taking over as MD & CEO. He played a key role in shaping the company's long-term strategy, strengthening commercial operations, expanding its global presence, securing key regulatory approvals, commercializing Biocon's GLP-1 portfolio across major international markets, and driving strategic partnerships and operational excellence. Syngene International is an integrated research, development, and manufacturing services company serving the global pharmaceutical, biotechnology, nutrition, animal health, consumer goods, and specialty chemical sectors. The companys consolidated net profit declined 19.31% to Rs 147.90 crore on a 1.82% rise in revenue from operations to Rs 1,036.50 crore in Q4 FY26 over Q4 FY25. Shares of Syngene International fell 1.83% to close at Rs 431.55 on the BSE. First Published: Jul 02 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to open higher. Asian markets logged losses due to a sell-off in chip stocks. First Published: Jul 02 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices dropped in early trade on Thursday after Qatar said Iran and the US had made "positive progress" in indirect talks that concluded on Wednesday, focused on the Strait of Hormuz, which handled one-fifth of global oil supply before the war. Brent futures ?were down 73 cents, or 1.02%, to $70.84 a barrel by 0102 GMT, while US West Texas Intermediate crude fell 83 cents, or 1.21%, to $67.75 a barrel. In the previous session, both benchmarks fell more than 1% to their lowest levels in four months. Sources said negotiators for the US and Iran spent two days in Doha discussing maritime traffic in the Strait of Hormuz and unfreezing Iran's funds. Though traffic has partially resumed, the two countries exchanged strikes last weekend following an Iranian attack on a cargo ship. Iran is determined to win international recognition of its control over the strait even ?if it has to do so by force, two senior Iranian sources said. Tehran has repeatedly said it will impose tolls on shipping starting in mid-August, after a toll-free period specified by the initial agreement expires. Tanker traffic through the strait has started to recover, with US Vice President JD Vance saying oil flows through the waterway had returned to pre-war levels, without citing figures. As the strait stays open and crude oil flows out, competition for market share keeps pushing oil prices down, and there are growing expectations of oversupply, Haitong ?Futures said in a note. Adding to supply at a time of falling oil prices amid the gradual reopening of the strait, sources said on Wednesday that OPEC+ oil-producing countries ?will likely agree to a further hike in their output targets from August when they meet ?on Sunday. The target will increase by about 188,000 barrels per day for August, the same as for June and July, the sources said. In the US, crude inventories fell by ?3.8 million barrels to 408.4 million barrels last week, the lowest level since September 2018, the Energy Information Administration said on Wednesday. The draw, however, was smaller than analysts' expectations in ?a Reuters poll for a drop of 4.5 million barrels. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 02 2026 | 7:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
H2 CY2026: Six key events likely to shape market's trajectory First Published: Jul 02 2026 | 7:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Banks, defence, pharma among analysts' top 6 sectoral bets for H2 CY2026 First Published: Jul 02 2026 | 7:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sensex, Nifty outlook for H2CY2026: Tech analyst are optimistic of a likely rally in the second-half of the year. First Published: Jul 02 2026 | 7:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ajit Mishra, SVP-Research, Religare Broking recommends buy on DLF, L&T Finance and Paytm stocks. First Published: Jul 02 2026 | 7:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In a deal worth Rs 1300 crore First Published: Jul 01 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The apparent surge in headline derivatives turnover, however, masked a softer underlying trend, according to market participants, who noted that F&O activity remained largely subdued for the better part of June First Published: Jul 01 2026 | 6:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 6.31 crore shares as against 1.36 crore shares on offer. The issue opened for bidding on 29 June 2026 and it will close on 1 July 2026. The price band of the IPO is fixed between Rs 125 and 136 per share. An investor can bid for a minimum of 110 equity shares and in multiples thereof. The IPO is entirely a fresh issue of shares worth Rs 170 crore at the upper price band of Rs 136. There is no offer for sale (OFS) component. At the upper end of the price band, the company is expected to be valued at Rs 600.33 crore post listing. The funds raised to the tune of Rs 111.5 crore will be used towards part payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited, Rs 10.0 crore will be utilised towards funding working capital requirements of Falcon Yarns Private Limited and the balance towards general corporate purposes. Incorporated in 2008, Aastha Spintex manufactures and trades carded, combed and compact combed cotton yarns and cotton bales. The company operates a semi-automated integrated spinning and ginning facility at Halvad, Gujarat, with 25,920 spindles and an annual cotton bale production capacity of 12,000 tonnes. It follows a B2B business model, supplying textile manufacturers, yarn exporters and fabric processors. Aastha has also signed an agreement to acquire a 100% stake in Falcon Yarns for Rs 111.50 crore, which is expected to increase its annual spinning capacity from 7,700 tonnes to 17,457 tonnes upon completion of the acquisition. The firm reported a consolidated net profit of Rs 2.96 crore and sales of Rs 169.53 crore for the twelve months ended on 31 March 2026. First Published: Jul 01 2026 | 6:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture More than half of the capital raised by India's leading under-30 entrepreneurs is being deployed towards product development and market expansion, reflecting a growing focus on building sustainable businesses, according to a report released on Wednesday. "But what truly sets this generation apart is not the scale of capital they have raised, it is the discipline with which they are deploying it. Over 50 per cent of all funds raised are going directly into product development and market expansion," said Anas Rahman Junaid, founder and chief researcher at Hurun India. "These are founders who are not building for the next funding round; they are building for the next decade. In a world that often celebrates the raise, this cohort is quietly focused on the result," Junaid added. According to the report, funding deployed by companies on the Avendus Wealth-Hurun India U30 List 2026 is primarily directed towards growth and expansion, with product development accounting for 27 per cent of capital allocation and market and geographic expansion another 26 per cent, taking the combined share to 53 per cent. The report also found that BharatPe has completed the highest number of funding rounds among startups led by entrepreneurs on the list, having raised capital across 18 rounds. Simple Energy and Zepto follow with 15 rounds each, while Pixxel has completed 11 rounds and Baaz Bikes nine. The findings indicate that young founders are increasingly prioritising long-term product creation and market expansion over discretionary spending, even as they continue to attract significant investor interest. Zepto is the most funded startup on this year's list, having raised USD 2.3 billion to date. FinTech leader BharatPe follows with USD 650 million, while Clean Mobility player Simple Energy ranks third with USD 99 million, report said. The allocation of capital extends across SpaceTech and emerging tech ventures, with Pixxel having raised USD 96 million, Klarity securing USD 90 million and Wispr AI raising USD 81 million. Beyond these, Digantara, Swish and Triomics have also secured USD 67 million, USD 54 million, and USD 51 million, respectively, the report added. The report said the 10 youngest entrants on the Avendus Wealth -- Hurun India U30 List 2026 are all aged 24 or under. At 20, Onkar Singh Batra of Apolink and Dhravya Shah of Supermemory, are the youngest on the list. They are featured with other founders in their early-20s, including Zepto Co-Founders Aadit Palicha and Kaivalya Vohra (23). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 01 2026 | 6:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India is a priority market, says Kamolika Gupta Peres, Autodesk’s vice-president for India and SAARC. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 4.92 crore shares as against 1.89 crore shares on offer. The issue opened for bidding on 1 July 2026 and it will close on 3 July 2026. The price band of the IPO is fixed between Rs 161 and 170 per share. An investor can bid for a minimum of 88 equity shares and in multiples thereof. IPO comprises fresh issue of Rs 380 crore and an offer-for-sale (OFS) of up to 35,00,000 equity shares worth up to Rs 59.5 crore at higher price band of Rs 170. Promoter group members will offload a part of their stake in the OFS. Knack Packaging will utilise Rs 320 crore from the net fresh issue proceeds for partial funding of capital expenditure towards setting up of new manufacturing facility at Borisana situated at Kadi, Mehsana, Gujarat and the remaining funds will be utilised for general corporate purposes. Knack Packaging (KPL) is an integrated packaging solutions provider engaged in the manufacturing of printed and laminated woven polypropylene (PLWPP) bags used across industries such as food, agriculture, cement, chemicals and pet food. The company exports its products to 71 countries and serves over 1,950 customers globally. It operates a manufacturing facility in Gujarat with an installed capacity of 43,300 MTPA and is setting up a new plant in Mehsana, Gujarat, to expand its production capacity. Ahead of the IPO, Knack Packaging (KPL) on Tuesday, 30 June 2026, raised Rs 131.24 crore from anchor investors. The board allotted 77.20 lakh shares at Rs 170 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 92.72 crore and sales of Rs 823.43 crore for the twelve months ended on 31 March 2026. First Published: Jul 01 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities and Exchange Board of India (Sebi) First Published: Jul 01 2026 | 6:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 5:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 5:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 5:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 5:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 5:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee depreciated 67 paise to close near a three-week low of 95.23 (provisional) against the US dollar on Wednesday, as a strengthening dollar index weighed on emerging market currencies. The USD/INR pair witnessed significant pressure due to the strengthening of the American currency in the overseas market, persistent capital outflows, and broader Asian currency weakness. Moreover, market sentiment turned highly cautious, following the breach of the psychological level of 95.00. Local equities also rebounded driven by positive global cues, a drop in crude oil prices, and easing geopolitical tensions. The NSE Nifty 50 gained 140.10 points (0.59%) to close at 24,005.85, while the BSE Sensex climbed 443.97 points (0.58%) to settle at 76,922.64. First Published: Jul 01 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Benchmark indices snapped a two-day losing streak on Wednesday, supported by broad-based buying in auto, FMCG and financial stocks, while IT shares remained under pressure following KPIT Technologies' weak Q1 FY27 outlook. The Nifty reclaimed the 24,000 mark, while broader markets also ended higher. Positive global cues and value buying in beaten-down large-cap stocks lifted overall market sentiment. The S&P BSE Sensex jumped 443.97 points or 0.58% to 76,922.64. The Nifty 50 index added 140.10 points or 0.59% to 24,005.85. In the past two consecutive trading sessions, the Sensex dropped 0.80% while the Nifty fell 0.79%. Eternal (up 5.82%), State Bank of India (up 1.62%) and Reliance Industries (up 0.97%) boosted the Nifty higher today. The broader market underperformed the frontline indices. The BSE 150 MidCap Index rose 0.29% and the BSE 250 SmallCap Index added 0.19%. The market breadth was positive. On the BSE, 2,222 shares rose and 2,059 shares fell. A total of 179 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 2.62% to 13.24. Economy: India's HSBC Manufacturing Purchasing Managers' Index (PMI) eased to 54.2 in June from 55.0 in May, indicating that manufacturing activity expanded at its second-slowest pace since mid-2022. Despite the moderation, business conditions remained firmly in expansion territory and broadly in line with the long-term average. Meanwhile, India's gross Goods and Services Tax (GST) collections rose 13.9% year-on-year to Rs 1.95 lakh crore in June 2026 from Rs 1.71 lakh crore a year earlier, supported by healthy domestic demand and strong import growth. Net GST collections increased 11.2% to Rs 1.62 lakh crore despite a sharp rise in refunds, while GST revenue from imports surged 34.6% year-on-year. Numbers to Track: The yield on India's 10-year benchmark federal paper was up 0.06% to 6.757 as compared with previous close 6.753. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.2350 compared with its close of 94.5600 during the previous trading session. MCX Gold futures for 5 August 2026 settlement fell 0.51% to Rs 141,800. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.21% to 101.38. The United States 10-year bond yield jumped 1.02% to 4.467. In the commodities market, Brent crude for September 2026 settlement fell 58 cents or 0.80% to $72.37 a barrel. Global Markets: US Dow Jones futures fell 110 points, indicating a weak start for Wall Street later on Wednesday. Most European indices traded lower as investors remained cautious ahead of a closely watched panel discussion featuring global central bank leaders, including US Federal Reserve Chair Kevin Warsh. Market participants looked for fresh cues on the interest rate outlook. Sentiment remained subdued despite eurozone inflation easing to 2.8% in June from 3.2% in May, below market expectations of 3.0%. Asian indices ended mixed at the start of the new quarter as investors weighed uncertainty surrounding US-Iran negotiations, rising US Treasury yields and upcoming US economic data. Optimism over the approaching earnings season, however, helped limit losses. Iran said on Tuesday it would not meet senior US officials who had travelled to the region, with both sides remaining far apart on a framework to fully reopen the Strait of Hormuz. US Treasury yields climbed overnight as investors pared expectations of near-term Federal Reserve rate cuts ahead of the closely watched US jobs report due on Thursday. Investors also kept a close watch on the Japanese yen, which weakened to a fresh 40-year low of 162.28 against the US dollar, fuelling speculation of possible intervention by Japanese authorities. Overnight, Wall Street ended higher, led by gains in semiconductor stocks, capping a strong first half of the year. The Dow Jones Industrial Average rose 136.46 points, or 0.26%, to a record close of 52,319.20. The S&P 500 advanced 0.79% to 7,499.36, while the Nasdaq Composite climbed 1.52% to 26,213.72. New Listing: Shares of Waterways Leisure Tourism were at Rs 667.35 on the BSE, representing a discount of 17.41% as compared with the issue price of Rs 808. The stock debuted at Rs 690, marking a discount of 14.6% to the issue price. The stock has hit a high of Rs 722 and a low of Rs 623.30. On the BSE, over 3.01 lakh shares of the company were traded in the counter. Shares of Advit Jewels were at Rs 178.15 on the BSE, representing a premium of 29.09% as compared with the issue price of Rs 138. The stock debuted at Rs 187, marking a premium of 35.51% to the issue price. The stock has hit a high of Rs 190 and a low of Rs 177.65. On the BSE, over 10.49 lakh shares of the company were traded in the counter. Auto Sales: Ola Electric Mobility advanced 2.65% after the company announced that it has registered 43,719 vehicles in Q1 FY26, nearly doubling from 22,252 vehicles in Q4 FY25, according to VAHAN data. Ashok Leyland advanced 2.76% after the company reported a 25.18% increase in total vehicle sales (domestic and exports) to 19,194 units in June 2026, compared with 15,333 units sold in June 2025. Escorts Kubota rose 0.18%. The company reported a 19.1% year-on-year increase in tractor sales for June 2026, with total volumes rising to 13,695 units compared to 11,498 units in June 2025. Steel Strips Wheels (SSWL) jumped 7.16% after the company reported a net turnover of Rs 479.87 crore for June 2026, marking a 36.84% year-on-year (YoY) increase compared to Rs 350.67 crore recorded in June 2025. VST Tillers Tractors rose 2.85%. The company reported a 3.02% year-on-year increase in total sales for June 2026, with overall volumes rising to 8,107 units from 7,869 units in June 2025. SML Mahindra slipped 3.37%. The company said that it had sold 1,930 units in June 2026, registering a growth of 3% from 1,871 units sold in the same period last year. Stocks in Spotlight: KPIT Technologies slumped 16.46% after the company said it expects Q2 FY27 revenue to remain in a similar range as Q1 FY27, indicating that the near-term weakness in demand is likely to persist. In a clarification to the stock exchanges, the company said the expected impact on Q1 FY27 revenue stems from multiple client actions. While it continues to see growth opportunities, it expects Q2 FY27 revenue to be broadly in line with Q1 FY27. Paisalo Digital climbed 19.12% after the promoter shareholding in the company increased to 46.72% in Q1 FY27 from 41.75% in FY26 following a series of open-market acquisitions. GNG Electronics was locked in 5% upper circuit after the company entered into a strategic pan-India distribution partnership with Redington. RITES zoomed 12.86% after it received a Project Management Consultancy (PMC) order worth Rs 175.41 crore from Babasaheb Bhimrao Ambedkar University (BBAU). EPACK Durable advanced 2.41% after the company received approval from the Government of Andhra Pradesh for a tailor-made incentive package under the Mega Category of the Andhra Pradesh Electronics Manufacturing Policy (4.0). ZF Commercial Vehicle Control Systems India declined 3.24% after the company said its chief financial officer (CFO) & key managerial personnel (KMP), Sweta Agarwal, has resigned effective from the close of business hours on 30 June 2026. VA Tech WABAG rallied 3.58% after it has secured a large international order from the City of Vienna's Municipal Department MA 31 Wiener Wasser for the expansion of the Donauinsel Water Works in Vienna, Austria. Transformers & Rectifiers (India) rose 1.69% after the company received an ultra-mega order from Power Grid Corporation of India (PGCIL) for the manufacturing of transformers of various ratings, along with all associated works. Zaggle Prepaid Ocean Services added 1.25% after it has entered into a five-year agreement with Hindustan Petroleum Corporation (HPCL) for its flagship Drive Track Plus fleet programme. Initial Public Offer (IPO): Knack Packaging received bids for 4,92,00,448 shares as against 1,89,64,018 shares on offer, according to stock exchange data at 16:57 IST on 1 July 2026. The issue was subscribed 2.59 times. The issue opened for bidding on 01 July 2026 and it will close on 03 July 2026. The price band of the IPO is fixed between Rs 161 and 170 per share. An investor can bid for a minimum of 88 equity shares and multiples thereof. Aastha Spintex received bids for 6,30,93,690 shares as against 1,36,00,000 shares on offer, according to stock exchange data at 16:57 IST on 1 July 2026. The issue was subscribed 4.64 times. The issue opened for bidding on 29 June 2026 and it will close on 01 July 2026. The price band of the IPO is fixed between Rs 125 and 136 per share. An investor can bid for a minimum of 110 equity shares and multiples thereof. First Published: Jul 01 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The top 10 companies in India now account for about 19% of total market capitalisation, down from 22% a year ago. First Published: Jul 01 2026 | 5:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Infosys, HDFC Bank (India) and Maruti Suzuki India were top traded contracts. In the cash market, the Nifty 50 index jumped 140.10 points or 0.59% to 24,005.85. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 2.62% to 13.24. Infosys, HDFC Bank (India) and Maruti Suzuki India were the top-traded individual stock futures contracts in the F&O segment of the NSE. The July 2026 F&O contracts will expire on 28 July 2026. First Published: Jul 01 2026 | 4:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 01 2026 | 4:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On the macro front, Indias gross GST collections rose 13.9% year-on-year to Rs 1.95 lakh crore in June, signalling sustained strength in domestic demand and healthy external trade. However, the HSBC India Manufacturing PMI eased to 54.2 in June from 55.0 in May, indicating a moderation in factory activity, though it remained comfortably in expansion territory. Meanwhile, the rupee weakened against the U.S. dollar during the session. The Nifty settled above the 24,000 level. Realty, FMCG and media stocks advanced, while IT, metal and Pharma shares declined. As per provisional closing data, the barometer index, the S&P BSE Sensex gained 443.97 points or 0.58% to 76,922.64. The Nifty 50 index jumped 140.10 points or 0.59% to 24,005.85. In the past two consecutive trading sessions, the Sensex dropped 0.80% while the Nifty fell 0.79%. The broader market underperformed the frontline indices. The BSE 150 MidCap Index jumped 0.29% and the BSE 250 SmallCap Index rallied 0.19%. The market breadth was positive. On the BSE, 2,273 shares rose and 1,998 shares fell. A total of 189 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.62% to 13.24. In the commodities market, Brent crude for Sep 2026 settlement fell 58 cents or 0.80% to $72.37 a barrel. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.2350 compared with its close of 94.5600 during the previous trading session. Economy: India's HSBC Manufacturing PMI eased to 54.2 in June from 55.0 in May. According to the seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI), a composite measure of overall business conditions based on new orders, output, employment, supplier delivery times, and stocks of purchases, the manufacturing sector recorded its second-weakest improvement since mid-2022, surpassing only March. Despite the moderation, growth remained robust and broadly in line with the series' long-run average. India's gross Goods and Services Tax (GST) collections rose 13.9% year-on-year to Rs 1.95 lakh crore in June 2026 from Rs 1.71 lakh crore in the corresponding month last year, reflecting healthy domestic consumption and robust external trade, according to data released by the Finance Ministry. Gross GST revenue from domestic transactions increased 6.5% year-on-year to Rs 1,34,774 crore, while collections from imports surged 34.6% to Rs 60,038 crore, driven by strong trade activity. Despite a sharp rise in refunds, particularly for domestic transactions, net GST collections grew 11.2% year-on-year to Rs 1.62 lakh crore in June 2026 from Rs 1.46 lakh crore a year earlier. New Listing: Shares of Waterways Leisure Tourism were at Rs 667.35 on the BSE, representing a discount of 17.41% as compared with the issue price of Rs 808. The stock debuted at Rs 690, marking a discount of 14.6% to the issue price. The stock has hit a high of Rs 722 and a low of Rs 623.30. On the BSE, over 3.01 lakh shares of the company were traded in the counter. Shares of Advit Jewels were at Rs 178.15 on the BSE, representing a premium of 29.09% as compared with the issue price of Rs 138. The stock debuted at Rs 187, marking a premium of 35.51% to the issue price. The stock has hit a high of Rs 190 and a low of Rs 177.65. On the BSE, over 10.49 lakh shares of the company were traded in the counter so far. Initial Public Offer (IPO): Knack Packaging received bids for 4,15,34,856 shares as against 1,89,64,018 shares on offer, according to stock exchange data at 15:45 IST on 01 July 2026. The issue was subscribed 2.19 times. The issue opened for bidding on 01 July 2026 and it will close on 03 July 2026. The price band of the IPO is fixed between Rs 161 and 170 per share. An investor can bid for a minimum of 88 equity shares and multiples thereof. Aastha Spintex received bids for 6,18,56,850 shares as against 1,36,00,000 shares on offer, according to stock exchange data at 15:45 IST on 01 july 2026. The issue was subscribed 4.55 times. The issue opened for bidding on 29 June 2026 and it will close on 01 July 2026. The price band of the IPO is fixed between Rs 125 and 136 per share. An investor can bid for a minimum of 110 equity shares and multiples thereof. Buzzing Index: The Nifty Realty index climbed 3.58% to 859.25. The index rallied 4.93% in two consecutive trading sessions. Aditya Birla Real Estate (up 5.36%), DLF (up 4.51%), Godrej Properties (up 4.47%), Prestige Estates Projects (up 4.16%), Lodha Developers (up 3.95%), Phoenix Mills (up 3.2%), Sobha (up 2.58%) and Oberoi Realty (up 2.31%) advanced. On the other hand, Anant Raj (down 0.82%) and Brigade Enterprises (down 0.13%) edged lower. Auto sales Ashok Leyland advanced 2.82% after the company reported a 25.18% increase in total vehicle sales (domestic and exports) to 19,194 units in June 2026, compared with 15,333 units sold in June 2025. Escorts Kubota rose 0.44%. The company reported a 19.1% year-on-year increase in tractor sales for June 2026, with total volumes rising to 13,695 units compared to 11,498 units in June 2025. Steel Strips Wheels (SSWL) jumped 6.84% after the company reported a net turnover of Rs 479.87 crore for June 2026, marking a 36.84% year-on-year (YoY) increase compared to Rs 350.67 crore recorded in June 2025. VST Tillers Tractors rose 2.57%. The company reported a 3.02% year-on-year increase in total sales for June 2026, with overall volumes rising to 8,107 units from 7,869 units in June 2025. SML Mahindra slipped 3.12%. The company said that it had sold 1,930 units in June 2026, registering a growth of 3% from 1,871 units sold in the same period last year. Stocks in Spotlight: Paisalo Digital climbed 18.20% after the promoter shareholding in the company increased to 46.72% in Q1 FY27 from 41.75% in FY26 following a series of open-market acquisitions. GNG Electronics was locked in 5% upper circuit after the company entered into a strategic pan-India distribution partnership with Redington. RITES zoomed 12.52% after it received a Project Management Consultancy (PMC) order worth Rs 175.41 crore from Babasaheb Bhimrao Ambedkar University (BBAU). EPACK Durable advanced 2.28% after the company received approval from the Government of Andhra Pradesh for a tailor-made incentive package under the Mega Category of the Andhra Pradesh Electronics Manufacturing Policy (4.0). ZF Commercial Vehicle Control Systems India declined 2.99% after the company said its chief financial officer (CFO) & key managerial personnel (KMP), Sweta Agarwal, has resigned effective from the close of business hours on 30 June 2026. VA Tech WABAG rallied 3.49% after it has secured a large international order from the City of Vienna's Municipal Department MA 31 Wiener Wasser for the expansion of the Donauinsel Water Works in Vienna, Austria. Ola Electric Mobility advanced 2.49% after the company announced that it has registered 43,719 vehicles in Q1 FY26, nearly doubling from 22,252 vehicles in Q4 FY25, according to VAHAN data. KPIT Technologies slumped 16.45% after the company said it expects Q2 FY27 revenue to remain in a similar range as Q1 FY27, indicating that the near-term weakness in demand is likely to persist. Transformers & Rectifiers (India) rose 1.49% after the company received an ultra-mega order from Power Grid Corporation of India (PGCIL) for the manufacturing of transformers of various ratings, along with all associated works. Zaggle Prepaid Ocean Services added 1.35% after it has entered into a five-year agreement with Hindustan Petroleum Corporation (HPCL) for its flagship Drive Track Plus fleet programme. Global Markets: The US Dow Jones index futures were currently down by 105 points, signalling a negative opening for US stocks today. Most European markets traded lower on Wednesday as investors turned cautious amid a closely watched panel discussion featuring global central bank leaders, including newly appointed Federal Reserve Chair Kevin Warsh, which kept rate outlook expectations in focus. Sentiment remained mixed despite eurozone inflation easing to 2.8% in June 2026 from 3.2% in May and coming in below expectations of 3.0%, according to preliminary data. Asian markets ended mixed as investors remained cautious at the start of the new quarter amid uncertainty surrounding U.S.-Iran negotiations. Market sentiment was also tempered by rising U.S. Treasury yields and anticipation of key U.S. economic data, although optimism over the upcoming earnings season helped limit losses. Tehran said on Tuesday it would not meet with top U.S. envoys who had flown to the region, with the two sides still far apart on a framework that would fully open the Strait of Hormuz. Bond markets were also under pressure after U.S. Treasury yields spiked overnight as futures narrowed the odds-on rate hikes from the Federal Reserve ahead of crucial jobs figures on Thursday. All eyes will thus be on Fed Chair Kevin Warsh when he appears at a European Central Bank conference later in the session, for any guidance on the need for a tightening. Investors were also on alert for possible Japanese intervention as the yen plumbed fresh 40-year lows. According to public data, the Japanese yen fell to 162.28 per dollar as the currency extended losses from the previous session. Overnight on Wall Street, stocks rose on Tuesday, boosted by sharp gains in chips, as Wall Street wrapped up a strong first half and second quarter. The Dow Jones Industrial Average gained 136.46 points, or 0.26%, for a record close of 52,319.20. The S&P 500 rose 0.79% to end at 7,499.36, and the Nasdaq Composite climbed 1.52% to 26,213.72. First Published: Jul 01 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
19 BSE 500 stocks hit new life-time highs in Wednesday's trade. Illustration: Binay Sinha First Published: Jul 01 2026 | 1:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Riyaasat Lifestyle traded at Rs 80.60 on the BSE, a 23.96% discount to the issue price of Rs 106. The counter hit a high of Rs 84.80 and a low of Rs 80.60. About 32,000 shares of the company changed hands at the counter. Riyaasat Lifestyle's IPO was subscribed 1.31 times. The issue opened for bidding on 17 June 2026 and it closed on 19 June 2026. The price band of the IPO was fixed between Rs 21 to Rs 23 per share. The IPO comprised a fresh issue of 28,48,800 shares .The promoter and promoter shareholding diluted to 73.49% from 100% pre-IPO. The company intends to utilise the net proceeds from the issue towards capital expenditure for setting up four new showrooms, meeting working capital requirements, and general corporate purposes. Riyaasat Lifestyle is an ethnic wear retailer offering traditional and occasion wear for men and women, including kurtas, sherwanis, Jodhpuri suits, lehengas and gowns. The company operates through a network of exclusive brand outlets (EBOs) and online sales channels. As of 31 March 2026, it had six EBOs across Gujarat and Maharashtra and also sold its products through its own e-commerce platform and leading online marketplaces. As of January 31, 2026, the company employed around 177 personnel, including skilled, semi-skilled, and unskilled employees across various functions and departments, supporting its retail, operational, and business activities. The company recorded revenue from operations of Rs 27.86 crore and net profit of Rs 4.29 crore for the period ended 31 March 2026. First Published: Jul 01 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jivial Industries traded at Rs 156.80 on the BSE, a 20% discount to the issue price of Rs 196. Jivial Industries' IPO was subscribed 0.93 times. The issue opened for bidding on 23 June 2026 and it closed on 25 June 2026. The price of the IPO was fixed at Rs 196 per share. The IPO comprised 16,32,000 equity shares, including a fresh issue of 13,59,600 equity shares and offer for sale (OFS) of 2,72,400 equity shares. The promoter and promoter group shareholding diluted to 61.16% from 94.53% pre-offer. The company intends to utilize the net proceeds for purchase of new machineries, capital expenditure for renovation of manufacturing facility and to meet out the general corporate purposes. Jivial Industries manufactures finished aluminium railings and fixtures from unfinished extruded aluminium railings and aluminium castings, customized to customer specifications. Its products are primarily used to support glass installations in partitions, balconies, viewing windows, and building facades. The company's key product offerings include continuous profiles that hold glass panels from the bottom, handrails that support glass from the top, and a range of aluminium fixtures such as spigots, brackets, jointers, locks, end caps, bends, and conceals. Jivial Industries has also secured three patents from the Government of India for its innovative spigot designs, developed by its promoter, Anand Jitendra Chovatiya. As of 31 May 2026, the company had 19 full-time permanent employees including KMP and SMP. The company recorded revenue from operations of Rs 12.11 crore and net profit of Rs 2.95 crore for the period ended 31 December 2025. First Published: Jul 01 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Finance Ltd is quoting at Rs 1019.3, up 1.45% on the day as on 12:49 IST on the NSE. The stock is up 10.43% in last one year as compared to a 5.61% drop in NIFTY and a 0.34% drop in the Nifty Financial Services index. Bajaj Finance Ltd is up for a third straight session in a row. The stock is quoting at Rs 1019.3, up 1.45% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.67% on the day, quoting at 24024.85. The Sensex is at 77045.47, up 0.74%. Bajaj Finance Ltd has risen around 15.57% in last one month. Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has risen around 7.68% in last one month and is currently quoting at 26554.55, up 0.82% on the day. The volume in the stock stood at 47.17 lakh shares today, compared to the daily average of 103.61 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 1022.1, up 1.21% on the day. Bajaj Finance Ltd is up 10.43% in last one year as compared to a 5.61% drop in NIFTY and a 0.34% drop in the Nifty Financial Services index. The PE of the stock is 36.91 based on TTM earnings ending March 26. First Published: Jul 01 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Record date is 17 July 2026 First Published: Jul 01 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Morgan Stanley maintains 'Overweight' on Bharti Airtel; sees 34 upside First Published: Jul 01 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Radico Khaitan Ltd is quoting at Rs 3959.5, up 0.35% on the day as on 12:44 IST on the NSE. The stock is up 57.19% in last one year as compared to a 5.62% fall in NIFTY and a 8.68% fall in the Nifty FMCG. Radico Khaitan Ltd rose for a fifth straight session today. The stock is quoting at Rs 3959.5, up 0.35% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.66% on the day, quoting at 24024.1. The Sensex is at 77026.82, up 0.72%. Radico Khaitan Ltd has added around 13.53% in last one month. Meanwhile, Nifty FMCG index of which Radico Khaitan Ltd is a constituent, has added around 2.27% in last one month and is currently quoting at 48794.2, up 1.89% on the day. The volume in the stock stood at 1.48 lakh shares today, compared to the daily average of 3.42 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 3966, up 0.64% on the day. Radico Khaitan Ltd is up 57.19% in last one year as compared to a 5.62% fall in NIFTY and a 8.68% fall in the Nifty FMCG index. The PE of the stock is 85.93 based on TTM earnings ending March 26. First Published: Jul 01 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GNG Electronics was locked in 5% upper circuit at Rs 656.15 after the company entered into a strategic pan-India distribution partnership with Redington. The partnership would result in nationwide distribution of GNG's professionally refurbished laptops, desktops and enterprise computing systems across India. Under the agreement, Redington will leverage its extensive pan-India distribution network across Tier-1, Tier-2 and Tier-3 markets to distribute GNG's refurbished ICT portfolio through its established ecosystem of resellers, channel partners and system integrators. The partnership is expected to strengthen GNG's presence across enterprise, education and institutional customers, while improving the availability of warranty-backed refurbished devices through one of India's largest ICT distribution platforms. The company expects the collaboration to enhance distribution velocity, expand geographic reach and support the formalization of the organized refurbished ICT market. The partnership also aligns with GNG's channel-led expansion strategy and is expected to strengthen its leadership position in India's growing refurbished electronics segment. GNG Electronics is Indias largest refurbisher of laptops and desktops and among the largest refurbishers of ICT Devices overall, both globally and in India with significant presence across India, USA, Europe, Africa and UAE, in terms of value, as of March 31, 2026. The company refurbished nearly 7.27 lakh devices in FY26, offering a portfolio of SKUs including laptops, desktops, tablets, servers, premium smartphones, workstations, and accessories. The companys consolidated net profit surged 185.89% to Rs 42.14 crore in Q4 FY26 from Rs 14.74 crore posted in Q4 FY25. Revenue from operations jumped 42.98% YoY to Rs 651.65 crore in Q4 FY26. First Published: Jul 01 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Atul Auto rallied 3.06% to Rs 495.50 after the company reported total vehicle sales of 3,641 units in June 2026, marking a 34.60% increase from 2,705 units sold in June 2025. Atul Auto is a leading three-wheeler manufacturing company in Rajkot, Gujarat, India. It has a complete range of 3-wheeler products across the fuel range: diesel, petrol, CNG, LPG, and electric. The company had reported a 106.85% year-on-year jump in consolidated net profit to Rs 14.79 crore for the fourth quarter ended 31 March 2026, compared with Rs 7.15 crore posted in the corresponding quarter last year. Total revenue from operations grew by 14.02% year-on-year (YoY) to Rs 240.58 crore in the quarter ended 31 March 2026. First Published: Jul 01 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company's business spans three segments: solar energy solutions, wind energy solutions, and operation and maintenance services First Published: Jul 01 2026 | 12:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RITES zoomed 14.67% to Rs 234.90 after it has received a Project Management Consultancy (PMC) order worth Rs 175.41 crore from Babasaheb Bhimrao Ambedkar University (BBAU). The order is for planning, design and development of infrastructural facilities and other related works on campus. The contract will be executed on a cost-plus PMC fee basis and is scheduled to be completed over 30 months from the date of signing of the agreement, or till completion of the assigned work, whichever is later. The total project cost is estimated at Rs 175.41 crore. The company said the order has been awarded by a domestic entity and does not fall under related party transactions. RITES is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia). The company reported a 1.40% decline in consolidated net profit to Rs 139.35 crore, despite a 27.55% increase in revenue from operations to Rs 768.26 crore in Q4 FY26 compared with Q4 FY25. First Published: Jul 01 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vedanta Oil and Gas Ltd, Hindustan Composites Ltd, JTEKT India Ltd and SG Finserve Ltd are among the other gainers in the BSE's 'B' group today, 01 July 2026. Vedanta Oil and Gas Ltd, Hindustan Composites Ltd, JTEKT India Ltd and SG Finserve Ltd are among the other gainers in the BSE's 'B' group today, 01 July 2026. Veljan Denison Ltd surged 20.00% to Rs 1700 at 11:58 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 3803 shares were traded on the counter so far as against the average daily volumes of 512 shares in the past one month. Vedanta Oil and Gas Ltd soared 18.14% to Rs 38.16. The stock was the second biggest gainer in 'B' group. On the BSE, 140.78 lakh shares were traded on the counter so far as against the average daily volumes of 93.56 lakh shares in the past one month. Hindustan Composites Ltd spiked 14.73% to Rs 471.9. The stock was the third biggest gainer in 'B' group. On the BSE, 10554 shares were traded on the counter so far as against the average daily volumes of 253 shares in the past one month. JTEKT India Ltd jumped 14.13% to Rs 155.5. The stock was the fourth biggest gainer in 'B' group. On the BSE, 3.36 lakh shares were traded on the counter so far as against the average daily volumes of 14268 shares in the past one month. SG Finserve Ltd exploded 13.44% to Rs 699.25. The stock was the fifth biggest gainer in 'B' group. On the BSE, 53832 shares were traded on the counter so far as against the average daily volumes of 15319 shares in the past one month. First Published: Jul 01 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
F&O Rollover analysis by Axis Securities hints at a likely bullish bias for Nifty in July. First Published: Jul 01 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Paisalo Digital, Reliance Power, Kinetic Engineering zoomed up to 20% in Wednesday's intra-day trade. First Published: Jul 01 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 12:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Power Ltd, Rites Ltd, Le Travenues Technology Ltd and Gujarat Gas Ltd are among the other gainers in the BSE's 'A' group today, 01 July 2026. Reliance Power Ltd, Rites Ltd, Le Travenues Technology Ltd and Gujarat Gas Ltd are among the other gainers in the BSE's 'A' group today, 01 July 2026. Paisalo Digital Ltd surged 19.99% to Rs 71.06 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 113.05 lakh shares were traded on the counter so far as against the average daily volumes of 3.82 lakh shares in the past one month. Reliance Power Ltd soared 15.98% to Rs 28.81. The stock was the second biggest gainer in 'A' group. On the BSE, 175.31 lakh shares were traded on the counter so far as against the average daily volumes of 34.72 lakh shares in the past one month. Rites Ltd spiked 14.06% to Rs 233.65. The stock was the third biggest gainer in 'A' group. On the BSE, 15.93 lakh shares were traded on the counter so far as against the average daily volumes of 66467 shares in the past one month. Le Travenues Technology Ltd exploded 7.34% to Rs 211.2. The stock was the fourth biggest gainer in 'A' group. On the BSE, 2.63 lakh shares were traded on the counter so far as against the average daily volumes of 2.57 lakh shares in the past one month. Gujarat Gas Ltd rose 6.89% to Rs 350.5. The stock was the fifth biggest gainer in 'A' group. On the BSE, 76445 shares were traded on the counter so far as against the average daily volumes of 74784 shares in the past one month. First Published: Jul 01 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The promoter group's 4.97% stake addition this quarter, lifting ownership to 46.72% in Q1FY27, is the latest milestone in a consistent, multi-year pattern of conviction-led buying. Promoter holding has risen steadily from approximately 26% in FY19 to about 37% in FY25, 41.75% in FY26, and now 46.72%. First Published: Jul 01 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With this, ACME Suryodaya has achieved a commissioned capacity of 285 MW / 842.624 MWh. First Published: Jul 01 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Va Tech Wabag (WABAG) has been awarded a 'Large' order by the City of Vienna, Municipal Department MA 31 - Wiener Wasser, for the expansion of the Donauinsel Water Works in Vienna, Austria. According to the company's project classification, the value of the order ranges between Rs 250 crore to Rs 600 crore. With this project, WABAG further strengthens its position as a leading full-service provider for complex infrastructure in drinking water and wastewater treatment. The project highlights WABAG's ability to deliver integrated, climate-resilient water technology solutions for major public utilities and reinforces its role as a reliable partner for sustainable water management. The overall facility is scheduled for completion and commissioning in 2030, followed by acceptance milestones. For WABAG, the project represents a flagship reference in Austria and underlines the Group's strategic focus on Europe. WABAG will be responsible for the complete technology package of the new water works, covering process engineering, electrical engineering, instrumentation and control, as well as building services. The new facility will be equipped with a modern multi-barrier treatment process including oxidation, ozonation, advanced oxidation, filtration, activated carbon filtration and UV disinfection. The project is one of Vienna's most important drinking water infrastructure investments in decades and forms a central part of the City of Vienna's Wiener Wasser 2050 strategy. With a design capacity of up to 1,000 litres per second, equivalent to approximately 86 MLD, the new water works will make a significant contribution to securing Vienna's long-term drinking water supply. The expansion of the Donauinsel Water Works will strengthen the resilience of Vienna's drinking water system by adding a controllable groundwater-based supply pillar alongside the city's renowned alpine spring water supply. The plant will treat groundwater from protected well fields and feed high-quality drinking water into Vienna's water supply network. In doing so, the project will support the city's growing population, increasing peak demand and the challenges arising from climate change. First Published: Jul 01 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 9:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Knack Packaging IPO First Published: Jul 01 2026 | 9:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Morepen Laboratories today issued an update on its recently announced Rs 825 crore CDMO mandate. The first commercial dispatch, valued at approximately Rs 50 crore, has already been completed by the company under the program during Q1FY2026-27. This marks the successful transition of the mandate from validation and qualification stage to commercial execution stage. Having dispatched the first batch under the CDMO mandate, Morepen expects to scale the program further in the coming quarter, with additional supplies of approximately Rs 225 crore expected during Q2FY2026-27, subject to customer schedules and regulatory/commercial requirements. The Company continues to strengthen its manufacturing infrastructure to support larger CDMO opportunities. Total reactor capacity is expected to reach approximately 600 KL by the end of Q2, followed by further expansion toward 800 KL and 1,000 KL in subsequent phases. First Published: Jul 01 2026 | 9:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahindra's Trucks & Buses business comprises of Mahindra Trucks & Buses division (MTBD) and SML Mahindra (SML). According to Vinod Sahay, Executive Chairman - SML, President - Aerospace, Advanced Technologies, Trucks, Buses & CE, M&M, The CV industry continues to benefit from infrastructure-led demand and an ongoing replacement cycle in medium term. However, recent increases in fuel prices and pressure on freight economics has tempered fleet expansion and vehicle replacement decisions in the near term. We are closely monitoring the evolving cost pressures and broader macroeconomic uncertainties impacting industry sentiment and implementing appropriate mitigation measures. First Published: Jul 01 2026 | 9:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahindra & Mahindra announced its tractor sales numbers for June 2026. Domestic sales in June 2026 were at 58,177 units, as against 51,769 units in June 2025, reflecting a 12% year-on-year growth. Total tractor sales (Domestic + Exports) during June 2026 were at 59,935 units, as against 53,392 units for the same period last year. Exports for the month stood at 1,758 units. Commenting on the performance, Veejay Nakra, President - Farm Equipment Business, Mahindra & Mahindra Ltd. said We have sold 58,177 tractors in the domestic market during June 2026 registering a growth of 12% over last year. While it is early to assess the full impact of emerging El Ni conditions, strong government interventions like sustained fertilizer subsidies and targeted support measures at the local level are expected to mitigate some of the risk to farmers and cushion its impact to the Kharif season. In the export markets, we have sold 1,758 tractors, a growth of 8% over last year. First Published: Jul 01 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty July 2026 futures currently traded 18.00 points lower, suggesting a flat opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 2,556.75 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 6,842.34 crore in the Indian equity market on 30 June 2026, provisional data showed. The FIIs have sold shares worth Rs 49,028.63 crore in June. This follows their cash sales of Rs 55,963.33 crore in May, Rs 70,135.46 crore in April and Rs 122,540.41 crore in March. Global Markets: Asian share markets started the new quarter in a cautious mood on Wednesday as talks between the United States and Iran hit new hurdles. Tehran said on Tuesday it would not meet with top U.S. envoys who ?had flown to the region, with the two sides still far apart on a framework that would fully open the Strait of Hormuz. Bond markets were also under pressure after U.S. Treasury yields spiked overnight as futures narrowed the odds-on rate hikes from the Federal Reserve ahead of crucial jobs figures on Thursday. All eyes will thus be on Fed Chair Kevin Warsh when he appears at a European Central Bank conference later in the session, for any guidance on the need for a tightening. Investors were also on alert for possible Japanese intervention as the yen plumbed fresh 40-year lows. According to public data, the Japanese yen fell to 162.28 per dollar as the currency extended losses from the previous session. Overnight on Wall Street, stocks rose on Tuesday, boosted by sharp gains in chips, as Wall Street wrapped up a strong first half and second quarter. The Dow Jones Industrial Average gained 136.46 points, or 0.26%, for a record close of 52,319.20. The S&P 500 rose 0.79% to end at 7,499.36, and the Nasdaq Composite climbed 1.52% to 26,213.72. Domestic Market: Benchmark indices ended lower on Tuesday as losses in IT stocks offset gains in pharma and consumer durables. The Nifty settled below the 23,900 mark in a volatile session marked by monthly derivatives expiry. Selling accelerated in the final hour of trade, with Eicher Motors emerging as the top loser after Delhi approved its EV Policy 2026-2030. Despite the weakness in the frontline indices, broader indices ended higher. The S&P BSE Sensex declined 249.70 points or 0.33% to 76,478.67. The Nifty 50 index fell 80.50 points or 0.34% to 23,865.75. In two consecutive trading sessions, the Sensex dropped 0.80% while the Nifty fell 0.79%. First Published: Jul 01 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nayara Energy, India's largest private fuel retailer, on Wednesday cut petrol prices by ?5 per litre and diesel by ?3 a litre across its nationwide network, marking the first reduction in retail fuel prices by any company in more than two years as easing tensions in West Asia pulled down international oil prices. The price cut follows a retreat in global crude oil prices after hostilities in West Asia eased and the reopening of a key maritime route restored the flow of crude oil and liquefied natural gas, reducing concerns over supply disruptions. The revised rates have come into effect at all of Nayara's more than 7,000 fuel stations across the country, industry sources said. Actual pump prices vary across states depending on local levies such as value-added tax (VAT). Public sector fuel retailers, however, kept prices unchanged. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), which together account for more than 90 per cent of India's over one lakh fuel stations, did not announce any revision. In Delhi, petrol continues to be priced at ?102.12 per litre and diesel at ?95.20 per litre at IOC outlets. Nayara had been among the first retailers to raise fuel prices after the outbreak of the Iran conflict triggered a spike in international oil prices. On March 26, it increased petrol prices by ?5 per litre and diesel by ?3 per litre. State-run fuel retailers followed later, raising petrol and diesel prices by a cumulative ?7.50 per litre each in a series of revisions during the second half of May, reflecting higher international crude prices and elevated product costs. Wednesday's cut by Nayara effectively reverses its March increase and is the first signal of lower fuel prices reaching Indian consumers after global oil markets stabilised in recent weeks. Sources said post-refinery turnaround, Nayara is fully geared to meet demand and is pressing its entire network to meet the consumption needs of the country. Nayara operates a 20 million tonnes per year oil refinery at Vadinar in Gujarat. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 01 2026 | 8:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nayara Energy, India's largest private fuel retailer, on Wednesday cut petrol prices by ?5 per litre and diesel by ?3 a litre across its nationwide network, marking the first reduction in retail fuel prices by any company in more than two years as easing tensions in West Asia pulled down international oil prices. The price cut follows a retreat in global crude oil prices after hostilities in West Asia eased and the reopening of a key maritime route restored the flow of crude oil and liquefied natural gas, reducing concerns over supply disruptions. The revised rates have come into effect at all of Nayara's more than 7,000 fuel stations across the country, industry sources said. Actual pump prices vary across states depending on local levies such as value-added tax (VAT). Public sector fuel retailers, however, kept prices unchanged. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), which together account for more than 90 per cent of India's over one lakh fuel stations, did not announce any revision. In Delhi, petrol continues to be priced at ?102.12 per litre and diesel at ?95.20 per litre at IOC outlets. Nayara had been among the first retailers to raise fuel prices after the outbreak of the Iran conflict triggered a spike in international oil prices. On March 26, it increased petrol prices by ?5 per litre and diesel by ?3 per litre. State-run fuel retailers followed later, raising petrol and diesel prices by a cumulative ?7.50 per litre each in a series of revisions during the second half of May, reflecting higher international crude prices and elevated product costs. Wednesday's cut by Nayara effectively reverses its March increase and is the first signal of lower fuel prices reaching Indian consumers after global oil markets stabilised in recent weeks. Sources said post-refinery turnaround, Nayara is fully geared to meet demand and is pressing its entire network to meet the consumption needs of the country. Nayara operates a 20 million tonnes per year oil refinery at Vadinar in Gujarat. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 01 2026 | 8:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices rose in early trade on Wednesday as investors responded to news that Iran will not be meeting with US envoys, a further strain on the interim ceasefire agreed between the two in the four-month-long war. Brent futures rose 50 cents or 0.69% to $73.45 a barrel at 1208 ?GMT, while US West Texas Intermediate (WTI) crude climbed 63 cents, or 0.91%, to $70.13 a barrel. US President Donald Trump's son-in-law Jared Kushner and envoy Steve Witkoff arrived in Doha for what the White House described as "high level" talks on Tuesday, but Iran and host Qatar said they would meet with mediators, rather than the Iranians themselves. Qatar said Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani was among those to meet with Witkoff and Kushner. Brent fell by around $45 a barrel between the first and second quarters of this year, its largest quarterly loss since 2008 during the financial crisis. US crude futures ?meanwhile fell by around $31, their largest quarterly loss since 2020, when the Covid-19 pandemic crushed global oil demand. The declines followed progress toward ending the West Asia conflict, pulling back from the sharp gains triggered earlier by the hostilities. Analysts have cut their 2026 oil price forecasts for the first time since the Iran war began, after five straight monthly increases, as the reopening of the Strait of Hormuz eased concerns over prolonged supply disruptions, a Reuters poll showed on Tuesday. US Vice President JD Vance said Iran would be prevented from charging tolls ?through the strait, telling The Michael Knowles Show, "This is not going to end in a place where the Iranians are collecting tolls on ships going through the Strait of ?Hormuz." Tanker traffic through the critical waterway has started to recover, with Vance claiming that oil flows through ?the strait had been restored to pre-war levels. Meanwhile, US crude oil inventories fell again last week while gasoline stocks also declined, market sources said, citing data from the ?American Petroleum Institute released on Tuesday. Crude stocks fell by 6.1 million barrels in the week ended June 26, the sources said on condition of anonymity. Markets await official US oil stock data ?from the Energy Information Administration to be released at 10:30 a.m. EDT on Wednesday. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jul 01 2026 | 8:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RailTel Corporation of India announced that it has received a work order worth Rs 107.61 crore from Mahanadi Coalfields (MCL). The company clarified that neither its promoter nor promoter group has any interest in MCL, and the contract does not constitute a related-party transaction. RailTel Corporation of India was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways. The companys standalone net profit jumped 35.7% to Rs 143.52 crore in Q4 FY26, compared with Rs 105.78 crore in Q4 FY25. Revenue from operations rose 27.6% YoY to Rs 1,668.86 crore in Q4 FY26. Shares of RailTel Corporation of India rose 0.46% to close at Rs 307.65 on the BSE. First Published: Jul 01 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 8:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty outlook for July: Markets awaiting breakout from 23,800-24,200 zone, say analysts. First Published: Jul 01 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to open on a negative note. Asia markets were trading on a mixed note. First Published: Jul 01 2026 | 7:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 7:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 7:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jul 01 2026 | 7:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jul 01 2026 | 12:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Despite broader pressure, Indian stocks gained relative strength in June, with the Nifty 50 rising 1.7 per cent as MSCI Emerging Markets fell nearly 2 per cent. First Published: Jun 30 2026 | 11:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 11:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For nearly three decades, Indian IT services thrived on a simple idea: Move work offshore, add engineers, and deliver projects at scale and low cost This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 9:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 9:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FPIs have withdrawn a net ?2.74 trillion from equities so far in 2026. First Published: Jun 30 2026 | 9:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 8:47 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sebi has barred 10 individuals, including Darjeeling Industries MD Ashok Dilpkumar Jain, over alleged share price manipulation and suspicious preferential allotments. First Published: Jun 30 2026 | 8:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Delhi's EV Policy 2.0 mandates electric two- and three-wheelers in phases from 2027, backed by Rs 15,000 crore in incentives and charging infrastructure. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shailesh Chandra, MD & CEO, Tata Motors Passenger Vehicles Ltd Tata Motors unveils the Tata Sierra.ev in Mumbai, on Tuesday, June 30, 2026.- KAMLESH PEDNEKAR First Published: Jun 30 2026 | 7:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Clearing Corporation of India Ltd (CCIL) This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Clearing Corporation of India Ltd (CCIL) This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's IT services industry has matured into a billion-dollar export sector, making the high growth rates of the past mathematically difficult to sustain. First Published: Jun 30 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 30 2026 | 7:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 7:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 7:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rally in government securities is expected to generate treasury gains for banks, especially those with larger Available for Sale (AFS) and Fair Value Through Other Comprehensive Income (FVOCI) portfolios First Published: Jun 30 2026 | 7:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coal India (CIL) has intensified its Research & Development (R&D) initiatives and plans to invest a total of around Rs.1,900 crore by FY 2030 on R&D activities. CIL's transformational R&D thrust gathered momentum in FY 2024-25 with establishment of the National Centre for Coal and Energy Research (NaCCER), a hub-and-spoke modelled R&D centre. Since then, the company has shifted its focus from proof-of-concept studies to prototype development, corresponding to Technology Readiness Level (TRL)-4 and above. "We intend to shift R&D to a higher orbit to drive the company's future growth and technological transformation," a senior CIL official said. CIL's R&D expenditure increased four-fold to Rs. 245 Crores in FY 2024-25, from Rs. 61 Crore in FY 2023-24. Department of Public Enterprises mandates annual R&D expenditure averaging one percent of the Profit Before Tax of the preceding three years. For structured innovation framework CIL has also formulated a comprehensive R&D Policy. Strengthening industry-academia collaboration, CIL has established three Centres of Excellence (CoE) at Premier IITs- Centre of Clean Coal Energy and Net Zero (CLEANZ) Hyderabad, Centre for Sustainable Energy (CSE) Madras and Innovation in Mining (IMiN) at IIT (ISM) Dhanbad. These centres function as research spokes under NaCCER, undertaking pilot-scale research, prototype development, and technology validation. CIL has committed Rs. 253 crore, to be released in phases, to these CoEs. At present, 19 R&D projects, with a total outlay of Rs. 225 crore, are being executed by reputed scientific institutions under the direct oversight of NaCCER. In addition, 13 research projects with pilot-scale research, prototype development are underway in CoEs. The research portfolio spans several strategic areas. CLEANZ is engaged in advanced research on clean coal energy and net-zero technologies, including enhanced coal bed methane recovery, carbon capture, utilisation and storage, mineral beneficiation, recovery of rare earth elements and critical minerals, high-ash coal gasification, and syngas utilisation. CSE is focusing on sustainable materials, circular economy, mine repurposing, environmental remediation, feasibility assessment of micro modular nuclear reactors, and advanced wastewater treatment technologies. IMiN is dedicated to capacity building through research fellowships and developing solutions to mutually identified mining challenges. CIL has also forged international collaborations with Ergo Exergy, Canada, for the Underground Coal Gasification Project at ECL; Ericsson, Sweden, for implementation of 5G technologies in the Jhanjra underground mine; and CSIRO, Australia, to advance collaborative research. First Published: Jun 30 2026 | 7:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fibe joins the queue of digital lending platforms eyeing a stock market debut, alongside Navi, KreditBee and Moneyview, among others First Published: Jun 30 2026 | 6:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 6:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With effect from 20 July 2026 Sukhjit Singh Pasricha, Chief Human Resources Officer has resigned and will be relieved from the service of the Company effective close of business hours on 19 July 2026. First Published: Jun 30 2026 | 6:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee depreciated by 14 paise to close at 94.65 (provisional) against the US dollar on Tuesday, as a strengthening greenback overseas and risk-averse investor sentiment weighed on the local unit. The dollar index shifted back above 101 mark on Tuesday after a slight pull back below the levels in the previous session. Elevated expectation for a Federal interest rate hike is seen lending consistent support to the greenback. Markets are staying cautious around 101 mark surrounding the United States (US) Nonfarm Payrolls (NFP) data for June, which will be released on Thursday. Markets will also look forward to resumption of US-Iran peace talks in Doha that could help ease inflation concerns. The rupee briefly slipped to 95.55 against the US dollar as per CCIL data, driven by month-end corporate import demand and lingering risk-off sentiment. However, relatively stable global crude prices and anticipated central bank interventions supported the currency and restricted the slide. At the interbank foreign exchange market, the rupee opened at 94.60 against the American currency and finally closed for the day at 94.65 (provisional), registering a decline of 14 paise from its previous close. First Published: Jun 30 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sebi has also invited suggestions from stakeholders on simplification, rationalisation, removal of redundancies, and strengthening of the framework by July 15. First Published: Jun 30 2026 | 5:47 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 2.01 crore shares as against 1.36 crore shares on offer. The issue opened for bidding on 29 June 2026 and it will close on 1 July 2026. The price band of the IPO is fixed between Rs 125 and 136 per share. An investor can bid for a minimum of 110 equity shares and in multiples thereof. The IPO is entirely a fresh issue of shares worth Rs 170 crore at the upper price band of Rs 136. There is no offer for sale (OFS) component. At the upper end of the price band, the company is expected to be valued at Rs 600.33 crore post listing. The funds raised to the tune of Rs 111.5 crore will be used towards part payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited, Rs 10.0 crore will be utilised towards funding working capital requirements of Falcon Yarns Private Limited and the balance towards general corporate purposes. Incorporated in 2008, Aastha Spintex manufactures and trades carded, combed and compact combed cotton yarns and cotton bales. The company operates a semi-automated integrated spinning and ginning facility at Halvad, Gujarat, with 25,920 spindles and an annual cotton bale production capacity of 12,000 tonnes. It follows a B2B business model, supplying textile manufacturers, yarn exporters and fabric processors. Aastha has also signed an agreement to acquire a 100% stake in Falcon Yarns for Rs 111.50 crore, which is expected to increase its annual spinning capacity from 7,700 tonnes to 17,457 tonnes upon completion of the acquisition. The firm reported a consolidated net profit of Rs 2.96 crore and sales of Rs 169.53 crore for the twelve months ended on 31 March 2026. First Published: Jun 30 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
West Asia peace deal eased energy stress, pushing Brent below $80. India grew 7.8% in Q4, CPI rose to 3.9%, fiscal deficit at 4.4% of GDP. RBI kept repo at 5.25% with neutral stance amid mixed global PMI. Global Purchasing Managers Index (PMI) witnessed widespread moderation across major economies in May yet still anticipated opening of the Strait of Hormuz and gradual restoration of supply chains crude oil prices have exhibited significant correction in June so far. Emerging market bond spreads and risk sentiment fluctuated, reflecting the uncertainties. Equity markets gained on the back of strong AI and technology sector and progress in the negotiations. Merchandise trade deficit largely remained unchanged in May 2026 over the previous month but widened year on year mainly on account of higher crude oil prices. Consumer price index (CPI) inflation increased in May 2026 to 3.9% from 3.5% in previous month, driven by broad-based increases across food, fuel and core components. The Monetary Policy Committee in its bi-monthly review of June 2026, unanimously decided to keep the policy repo rate unchanged at 5.25% and retained a neutral stance while waiting for more clarity on the West Asia conflict situation and the risks from a likely sub-normal south-west monsoon and El Ni event. The provisional accounts of the Central Government for 2025-26 strengthened the credibility of Centres fiscal consolidation path, with the gross fiscal deficit (GFD) at 4.4 % of GDP. The deficit indicators of the states worsened modestly. Surplus liquidity in the banking system moderated in the second half of May and June so far, reflecting an increase in currency in circulation and elevated government cash balances. G-sec yields softened, supported by measures announced by the Government and the Reserve Bank to attract foreign capital. Corporate bond yields also eased, although the spreads generally widened. The global macro-economic environment remained fragile. While the emerging economy equity markets faced a rise in volatility, advanced economies like the US and Europe reflected improved confidence and a fall in risk premia. The interim peace deal in West Asia eased concerns over energy supply disruptions. Business expectations varied across major advanced economies (AEs) and emerging markets and developing economies (EMDEs). Among major AEs, the composite PMI expanded in the US and Japan while it contracted in Euro area and the UK. Despite sustained supply chain pressures, the World Bank Commodity Price Index softened in May due to decline in Brent crude oil prices from its highly elevated levels in April. Brent crude oil prices sharply corrected to below US$ 80 after the announcement of West Asia peace deal in the third week of June. The FAO food price index remained stable, as the increase in price of cereals and sugar was offset by declines in vegetable oils and dairy products. The Bloomberg Commodity Index remained volatile in early May, before falling in the latter part of the month and early June. The correction was driven by moderation in prices of agricultural commodities, energy and precious metals. Gold prices extended their decline in June so far, as sustained selling pressure was reinforced by expectations of monetary policy tightening by the major central banks. The aluminium prices surged to its highest level since March 2022 in the first week of June but retreated subsequently. Gasoline and jet fuel prices softened from their conflict peaks with interim peace deal. The urea prices corrected sharply back to pre-war levels due to easing of export restrictions in China and reduced demand from major importing countries at the end of the spring planting season. Liquified petroleum gas (LPG) prices also declined in June after a surge in mid-May amidst the improving US inventory levels. First Published: Jun 30 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The S&P BSE Sensex declined 249.70 points or 0.33% to 76,478.67. The Nifty 50 index fell 80.50 points or 0.34% to 23,865.75. In two consecutive trading sessions, the Sensex dropped 0.80% while the Nifty fell 0.79%. TCS (down 3.09%), Infosys (down 2.96%) and ICICI Bank (down 0.55%) were major Nifty drags today. The broader market outperformed the frontline indices. The BSE 150 MidCap Index jumped 0.45% and the BSE 250 SmallCap Index rallied 0.51%. The market breadth was positive. On the BSE, 2,349 shares rose and 1,884 shares fell. A total of 195 shares were unchanged. Economy: India's industrial output growth accelerated to 5.1% in May from 4.9% in April, supported by stronger electricity generation and broad-based manufacturing activity, according to the latest Index of Industrial Production (IIP) data. Manufacturing, which has the highest weight in the index, grew 5.5%, while electricity and gas supply emerged as the fastest-growing major sector with a 9.9% rise. Mining and quarrying contracted 1.6%. Among use-based categories, capital goods led growth at about 13%, followed by consumer durables (7.2%), infrastructure and construction goods (5.9%) and intermediate goods (5.8%), while primary goods and consumer non-durables recorded relatively slower growth. Numbers to Track: The yield on India's 10-year benchmark federal paper declined 0.71% to 6.707 compared with the previous session close of 6.755. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.6525 compared with its close of 94.5100 during the previous trading session. MCX Gold futures for 5 August 2026 settlement rose 0.09% to Rs 142,532. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was rose 0.24% to 101.37. The United States 10-year bond yield shed 0.21% to 4.368. In the commodities market, Brent crude for July 2026 settlement rose 10 cents or 0.14% to $73.25 a barrel. Global Markets: US Dow Jones futures rose 101 points, indicating a positive start for Wall Street later on Tuesday. European indices traded higher as investors awaited a raft of economic data and speeches from major central bank officials later in the day. Britain's economy grew 0.6% in the January-March quarter, matching the initial estimate, official data showed on Tuesday. However, households remained under pressure even before the full impact of the U.S.-Iran conflict filtered through the economy. The European Commission said it will reduce the European Union's duty-free steel import quotas by an average of 47% from 1 July. Under the revised regime, 18.3 million tonnes of steel will be allowed to enter the bloc duty-free each year. Asian indices ended mixed. Chinese equities gained after business activity data topped expectations, while strength in technology stocks kept regional markets on track for a strong second quarter. China's manufacturing activity returned to expansion in June. The official purchasing managers' index (PMI) rose to 50.3 from 50.0 in May, supported by robust demand for high-tech exports amid the global artificial intelligence boom. The non-manufacturing PMI, which tracks services and construction activity, edged up to 50.2 in June from 50.1 in May, according to the National Bureau of Statistics. Overnight, Wall Street ended higher, with the Dow Jones Industrial Average closing above the 52,000 mark for the first time after Alphabet joined the blue-chip index. The Dow gained 306.63 points, or 0.59%, to 52,182.74. The S&P 500 advanced 1.18% to 7,440.43, while the Nasdaq Composite climbed 2.07% to 25,820.14. Stocks in Spotlight: Eicher Motors shares fell 4.38% after the Delhi Cabinet approved the Delhi EV Policy 2026-2030. The policy, which comes into effect on 1 July 2026, envisages an investment of Rs 15,000 crore between FY27 and FY30 to accelerate electric vehicle adoption in the national capital. The new policy includes a phased shift to electric mobility. It proposes that only electric auto-rickshaws will be registered from January 2027. Registration of new petrol and CNG two-wheelers will end from April 2028. It also provides incentives for electric vehicles and expands charging infrastructure. The Eicher Motors stock came under pressure as investors flagged Royal Enfield's limited electric vehicle portfolio as a potential drawback. The policy is expected to accelerate EV adoption, particularly in the two-wheeler segment. Adani Ports and Special Economic Zone rose 1.91% after the company has entered into a definitive agreement with the Mediterranean Shipping Company (MSC) Group, under which MSC Group, via its container terminal operating and investing arm, Terminal Investment (TiL), will invest for 49% interest in Adani Vizhinjam Port, the concessionaire for Vizhinjam port. Shilpa Medicare jumped 4.43% after its wholly owned subsidiary, Shilpa Biologicals, signed a co-development and supply agreement with Finland-based Orion Corporation. The partnership covers an intravenous (IV) nivolumab biosimilar for the European market. Godrej Properties added 2.02% after the company has announced the acquisition of a 47 acre land parcel through an outright purchase which is located off Old Mahabalipuram road (OMR), one of the fast-growing micro markets in South Chennai. Bandhan Bank rose 0.83%. The company has announced that its chief financial officer (CFO) and key managerial personnel (KMP), Rajeev Mantri, has tendered his resignation, citing the pursuit of another opportunity for career growth. Waaree Energies advanced 2.35% after the company announced that its wholly-owned subsidiary, Waaree Solar Americas Inc., has secured an order to supply 236.22 MW of solar modules. Kalpataru Projects International (KPIL) gained 1.70% after the company, along with its international subsidiaries, secured new orders and notifications of award worth approximately Rs 2,957 crore. Diffusion Engineers advanced 2.99% after the company announced that it has received a domestic order worth about Rs 26.31 crore for the supply of RAPH rotor assembly for the power industry. Jagsonpal Pharmaceuticals rallied 4.09% after the company entered into a definitive Agreement to acquire an 85% equity stake in Aequitas Healthcare (Aequitas), marking its entry into hospital segment. KEC International added 1.38% after the company announced that it has secured new orders worth Rs 1,754 crore across its Transmission & Distribution (T&D) and Cables & Conductors businesses. Godavari Biorefineries rallied 3.55% after the company announced that it has commenced a corn / grain-based distillery at its Sameerwadi Unit, Karnataka, aimed at meeting the rising demand under Indias ethanol blending program. Initial Public Offer (IPO): Aastha Spintex received bids for 2,01,12,180 shares as against 1,36,00,000 shares on offer, according to stock exchange data at 16:50 IST on 30 June 2026. The issue was subscribed 1.48 times. The issue opened for bidding on 29 June 2026 and it will close on 01 July 2026. The price band of the IPO is fixed between Rs 125 and 136 per share. An investor can bid for a minimum of 110 equity shares and multiples thereof. First Published: Jun 30 2026 | 5:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Infosys, HDFC Bank (India) and Reliance Industries were top traded contracts. In the cash market, the Nifty 50 index lost 80.50 points or 0.34% to 23,865.75. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.07% to 13.60. Infosys, HDFC Bank (India) and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE. The July 2026 F&O contracts will expire on 28 July 2026. First Published: Jun 30 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty settled below the 23,900 level. IT, media, and PSU bank stocks declined, while chemicals, realty and consumer durables shares advanced. As per provisional closing data, the barometer index, the S&P BSE Sensex declined 249.70 points or 0.33% to 76,478.67. The Nifty 50 index fell 80.50 points or 0.34% to 23,865.75. In two consecutive trading sessions, the Sensex dropped 0.80% while the Nifty fell 0.79%. The broader market outperformed the frontline indices. The BSE 150 MidCap Index jumped 0.45% and the BSE 250 SmallCap Index rallied 0.51%. The market breadth was positive. On the BSE, 2,349 shares rose and 1,884 shares fell. A total of 195 shares were unchanged. In the commodities market, Brent crude for Sep 2026 settlement rose 38 cents or 0.51% to $74.29 a barrel. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 94.6400 compared with its close of 94.5100 during the previous trading session. Economy: Indias industrial output edged up to 5.1% in May, improving from 4.9% in April, driven by stronger electricity generation and broad-based manufacturing growth, according to quick estimates of the Index of Industrial Production (IIP) data out yesterday. Manufacturing, which carries the highest weight of 76% in the IIP basket, marked a surge of 5.5% in May, slightly lower than the growth in April, indicating steady momentum in industrial activity. Electrical equipment recorded the strongest expansion among major manufacturing segments, rising around 21%. The May reading is the second data release under the new IIP series with the base year of 2022-23, which MOSPI first published on June 1. Electricity and gas supply was the fastest-growing major sector, recording 9.9% growth in May, driven by elevated temperatures as well as a low base. The mining and quarrying sector contracted 1.6%. On a use-based categorization, capital goods were the strongest category, with growth of around 13%. Infrastructure and construction goods rose 5.9%, consumer durables gained 7.2%, and intermediate goods edged up 5.8%. Primary goods and consumer non-durables were the laggards, at 2.6% and 3.6%, respectively. Initial Public Offer (IPO): Aastha Spintex received bids for 1,85,86,700 shares as against 1,36,00,000 shares on offer, according to stock exchange data at 15:30 IST on 30 June 2026. The issue was subscribed 1.37 times. The issue opened for bidding on 29 June 2026 and it will close on 01 July 2026. The price band of the IPO is fixed between Rs 125 and 136 per share. An investor can bid for a minimum of 110 equity shares and multiples thereof. Buzzing Index: The Nifty IT index dropped 2.73% to 26,299.05. The index fell 4.59% in three consecutive trading sessions. LTM (down 4.01%), Tata Consultancy Services (down 3.24%), Infosys (down 3.23%), Wipro (down 3.03%), HCL Technologies (down 2.89%), Tech Mahindra (down 2.1%), Mphasis (down 1.98%), Coforge (down 1.09%) and Oracle Financial Services Software (down 1.06%) declined. Stocks in Spotlight: Adani Ports and Special Economic Zone rose 1.88% after the company has entered into a definitive agreement with the Mediterranean Shipping Company (MSC) Group, under which MSC Group, via its container terminal operating and investing arm, Terminal Investment (TiL), will invest for 49% interest in Adani Vizhinjam Port, the concessionaire for Vizhinjam port. Godrej Properties added 1.96% after the company has announced the acquisition of a 47 acre land parcel through an outright purchase which is located off Old Mahabalipuram road (OMR), one of the fast-growing micro markets in South Chennai. SRM Contractors rose 0.77%. The company bagged three contracts worth Rs 500.99 crore from Maharashtra State Infrastructure Development Corporation, Ministry of Road Transport & Highways (MoRTH), and Northeast Frontier Railway (NFR) Construction. Bandhan Bank rose 0.94%. The company has announced that its chief financial officer (CFO) and key managerial personnel (KMP), Rajeev Mantri, has tendered his resignation, citing the pursuit of another opportunity for career growth. Waaree Energies advanced 2.51% after the company announced that its wholly-owned subsidiary, Waaree Solar Americas Inc., has secured an order to supply 236.22 MW of solar modules. Sterling & Wilson Renewable Energy shed 0.55%. The company, in a joint venture with Hassan Allam Construction has secured letter of award for the construction of solar power plant in Egypt. Kalpataru Projects International (KPIL) gained 1.42% after the company, along with its international subsidiaries, secured new orders and notifications of award worth approximately Rs 2,957 crore. Diffusion Engineers advanced 2.58% after the company announced that it has received a domestic order worth about Rs 26.31 crore for the supply of RAPH rotor assembly for the power industry. Juniper Hotels rose 0.31%. The company has announced that its chief financial officer (CFO), Tarun Jaitly, has resigned from his position, effective close of business hours on Wednesday, 15 July 2026. Jagsonpal Pharmaceuticals rallied 3.52% after the company entered into a definitive Agreement to acquire an 85% equity stake in Aequitas Healthcare (Aequitas), marking its entry into hospital segment. KEC International added 1.28% after the company announced that it has secured new orders worth Rs 1,754 crore across its Transmission & Distribution (T&D) and Cables & Conductors businesses. Godavari Biorefineries rallied 3.45% after the company announced that it has commenced a corn / grain-based distillery at its Sameerwadi Unit, Karnataka, aimed at meeting the rising demand under Indias ethanol blending program. Ceigall India declined 1.77%. The company announced that its wholly-owned subsidiary, Ceigall Morena Solar BESS Park, has executed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar for a 220 MW solar-BESS project at Morena Solar Park in Morena, Madhya Pradesh. Global Markets: The US Dow Jones index futures were currently up by 105 points, signaling a positive opening for US stocks today. European market advanced as investors braced for a heavy slate of economic data and a series of high-profile speeches from global central bank officials later in the day. Britain's economy expanded at a robust pace in the first quarter of 2026, official data confirmed on Tuesday. However, households remained under pressure even before the full impact of the U.S.-Iran conflict began to filter through the economy. Gross domestic product (GDP) grew 0.6% during the January-March quarter, unchanged from the Office for National Statistics' initial estimate. The European Commission said on Tuesday that it will reduce the European Union's duty-free steel import quotas by an average of 47% from July 1. Under the revised quota regime, a total of 18.3 million tonnes of steel will be allowed to enter the bloc duty-free each year. Most Asian stocks ended higher , with Chinese markets buoyed by stronger-than-expected business activity data, while strong gains in technology shares put regional bourses on track for a stellar second quarter. Chinas manufacturing activity picked up faster in June, buoyed by strong demand for high-tech exports amid a global artificial intelligence boom. The official purchasing managers index edged up to 50.3 in June from 50 in May, returning to expansionary territory above the 50-point threshold. The non manufacturing gauge, which tracks construction and services activity, rose to 50.2 from 50.1 in May, according to data released Tuesday by the National Bureau of Statistics. Overnight on Wall Street, the Dow Jones Industrial Average closed above 52,000 for the first time on Monday after Alphabet made its debut in the index, rounding out a broader stock market rally. The Dow advanced 306.63 points, or 0.59%, ending at 52,182.74. The S&P 500 gained 1.18% and closed at 7,440.43, while the Nasdaq Composite rose 2.07% to 25,820.14. First Published: Jun 30 2026 | 4:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investor sentiment remained positive as Japanese companies continued to benefit from optimism over the global growth of artificial intelligence, supported by their strong position and investments in the sector. A weaker yen, which fell to a four-decade low, also boosted the outlook for the country's export-oriented companies by improving their earnings prospects. Among the top gainers were Taiyo Yuden, Tokyo Electron, and Fujikura. For June, the Nikkei 225 advanced 5.3%, while the Topix Index gained 1.0%, marking a third straight month of gains for both indices. First Published: Jun 30 2026 | 4:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Official data showed that China's Composite PMI rose to a six-month high of 50.6 in June from 50.5 in May. Manufacturing PMI improved to 50.3, beating market expectations, supported by strong demand for high-tech exports despite trade disruptions linked to tensions in the Middle East. The Non-Manufacturing PMI also came in above forecasts, indicating that business activity in the services sector remained stable. Technology stocks led the market higher as investors returned to AI-related companies. Cambricon Technologies, Zhongji Innolight, Eoptolink Technology, and NAURA Technology were among the top gainers. For the month of June, the Shanghai Composite rose 0.63%, while the Shenzhen Component posted a stronger gain of 4.05%. First Published: Jun 30 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 3:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Power jumped 2.73% to Rs 24.81 after the company announced its entry into the rapidly evolving field of Artificial Intelligence (AI) and allied new-age technologies through the incorporation of new subsidiaries. To support these initiatives, the company has incorporated subsidiaries focused on AI and technology-enabled services. The newly incorporated entities are Reliance AI Green Power, Reliance AI Power, Reliance AI Data Control and Reliance AI Data C. Reliance Power has been established to develop, construct, and operate power projects both in India and internationally. The company on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation and in capacity under development. The company reported consolidated net loss of Rs 493.86 crore in Q4 FY26 compared with net profit of Rs 125.57 crore in Q4 FY25. Revenue from operations fell 4.56% YoY to Rs 1887.26 crore in Q4 FY26. First Published: Jun 30 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Schneider Electric Infrastructure Ltd, KPIT Technologies Ltd, R R Kabel Ltd and Eicher Motors Ltd are among the other losers in the BSE's 'A' group today, 30 June 2026. Schneider Electric Infrastructure Ltd, KPIT Technologies Ltd, R R Kabel Ltd and Eicher Motors Ltd are among the other losers in the BSE's 'A' group today, 30 June 2026. Genus Power Infrastructures Ltd crashed 7.26% to Rs 296.3 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 308.91 lakh shares were traded on the counter so far as against the average daily volumes of 84946 shares in the past one month. Schneider Electric Infrastructure Ltd lost 6.30% to Rs 1366.55. The stock was the second biggest loser in 'A' group.On the BSE, 55590 shares were traded on the counter so far as against the average daily volumes of 64756 shares in the past one month. KPIT Technologies Ltd tumbled 5.31% to Rs 674.7. The stock was the third biggest loser in 'A' group.On the BSE, 2.69 lakh shares were traded on the counter so far as against the average daily volumes of 96533 shares in the past one month. R R Kabel Ltd fell 4.60% to Rs 2386.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 60312 shares were traded on the counter so far as against the average daily volumes of 44672 shares in the past one month. Eicher Motors Ltd corrected 4.40% to Rs 7112.25. The stock was the fifth biggest loser in 'A' group.On the BSE, 95631 shares were traded on the counter so far as against the average daily volumes of 20271 shares in the past one month. First Published: Jun 30 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cura Technologies Ltd, Creative Eye Ltd, Cinevista Ltd and TechNVision Ventures Ltd are among the other losers in the BSE's 'B' group today, 30 June 2026. Cura Technologies Ltd, Creative Eye Ltd, Cinevista Ltd and TechNVision Ventures Ltd are among the other losers in the BSE's 'B' group today, 30 June 2026. Infomedia Press Ltd lost 9.69% to Rs 5.5 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 190 shares were traded on the counter so far as against the average daily volumes of 7581 shares in the past one month. Cura Technologies Ltd crashed 9.04% to Rs 77. The stock was the second biggest loser in 'B' group.On the BSE, 354 shares were traded on the counter so far as against the average daily volumes of 195 shares in the past one month. Creative Eye Ltd tumbled 6.89% to Rs 5.68. The stock was the third biggest loser in 'B' group.On the BSE, 504 shares were traded on the counter so far as against the average daily volumes of 1826 shares in the past one month. Cinevista Ltd dropped 6.77% to Rs 17.07. The stock was the fourth biggest loser in 'B' group.On the BSE, 48553 shares were traded on the counter so far as against the average daily volumes of 7547 shares in the past one month. TechNVision Ventures Ltd shed 5.66% to Rs 4500. The stock was the fifth biggest loser in 'B' group.On the BSE, 69 shares were traded on the counter so far as against the average daily volumes of 72 shares in the past one month. First Published: Jun 30 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KEC International Ltd witnessed volume of 77.41 lakh shares by 14:14 IST on NSE, a 6.09 times surge over two-week average daily volume of 12.71 lakh shares Can Fin Homes Ltd, Vijaya Diagnostic Centre Ltd, Whirlpool of India Ltd, Ola Electric Mobility Ltd are among the other stocks to see a surge in volumes on NSE today, 30 June 2026. KEC International Ltd witnessed volume of 77.41 lakh shares by 14:14 IST on NSE, a 6.09 times surge over two-week average daily volume of 12.71 lakh shares. The stock increased 1.87% to Rs.525.05. Volumes stood at 34.44 lakh shares in the last session. Can Fin Homes Ltd notched up volume of 14.67 lakh shares by 14:14 IST on NSE, a 6 fold spurt over two-week average daily volume of 2.45 lakh shares. The stock rose 3.86% to Rs.869.60. Volumes stood at 9.38 lakh shares in the last session. Vijaya Diagnostic Centre Ltd saw volume of 14.97 lakh shares by 14:14 IST on NSE, a 4.64 fold spurt over two-week average daily volume of 3.23 lakh shares. The stock increased 6.34% to Rs.1,394.50. Volumes stood at 9.39 lakh shares in the last session. Whirlpool of India Ltd saw volume of 8.18 lakh shares by 14:14 IST on NSE, a 4.18 fold spurt over two-week average daily volume of 1.96 lakh shares. The stock increased 3.21% to Rs.826.00. Volumes stood at 1.83 lakh shares in the last session. Ola Electric Mobility Ltd recorded volume of 3813.76 lakh shares by 14:14 IST on NSE, a 4.11 times surge over two-week average daily volume of 928.33 lakh shares. The stock gained 9.53% to Rs.44.23. Volumes stood at 616.11 lakh shares in the last session. First Published: Jun 30 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The estimated tender cost was Rs. 256.46 crore, while the company's L1 bid was Rs. 330.84 crore (including GST), which is approx. 29% above the estimated tender cost. First Published: Jun 30 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indus Valley is a cookware company which offers toxin-free, non-coated cookware solutions Indus Valley, a toxin-free kitchenware brand, on Tuesday said it has raised $17 million (about ?161 crore) in a funding round led by private equity firm Gaja Capital. The Series B funding round also included participation from existing investors DSG Consumer Partners, Rukam Capital, and The Chennai Angels, the Chennai-based firm said in a statement. "This investment will help us accelerate product innovation, strengthen our omnichannel distribution, deepen our brand presence, and expand our leadership across safer kitchen categories," Jagadeesh Kumar co-founder and CEO of The Indus Valley said. DSG Consumer Partners MD & Head of India Hariharan Premkumar said the investment will deepen product and distribution capabilities. Founded in 2016 by Jagadeesh Kumar and Madhumitha Uday Kumar, Indus Valley is a cookware company which offers toxin-free, non-coated cookware solutions across cast iron, iron, stainless steel, triply cookware, and pressure cookers. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 30 2026 | 3:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 3:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nomura: Delhi EV policy structurally negative for IGL; prefers MGL First Published: Jun 30 2026 | 3:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On a sequential basis, property registrations are expected to rise 7 per cent over May 2026, while stamp duty collections are likely to increase 2 per cent First Published: Jun 30 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Laurus Labs stock registered its biggest quarterly rally in five years this June. (Illustration by Binay Sinha) First Published: Jun 30 2026 | 2:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Unimech Aerospace and Manufacturing jumped 7.66% to Rs 1,176.60 after the company signed a long-term supply agreement with FACC Operations GmbH, Austria, strengthening its presence in the global aerospace supply chain. The agreement covers the manufacture and supply of precision-engineered aerospace components and flying parts and was awarded to the comapny following a competitive global sourcing process involving international suppliers. The signing of the agreement marks the culmination of a multi-year engagement involving technical evaluations, capability assessments, quality reviews, commercial negotiations, and extensive discussions between the two organizations. As part of the program onboarding process, Unimech will undergo a qualification and industrialisation phase over the coming quarters, including first article approvals, process validations, and production readiness activities before transitioning into serial production. Anil Kumar Puttan, chairman & managing director, Unimech Aerospace and Manufacturing, said, This agreement reflects the confidence global aerospace customers place in our engineering, manufacturing, quality and delivery capabilities. We are particularly pleased that this opportunity was awarded through a highly competitive global sourcing process, demonstrating the competitiveness of our capabilities on an international stage. We look forward to working closely with FACC during the qualification and industrialisation phase and building a long-term partnership supporting global aerospace programs. This milestone further strengthens our Precision Components & Parts business and reinforces our position as a trusted manufacturing partner to leading aerospace customers worldwide." Unimech Aerospace and Manufacturing is a precision engineering company engaged in the design, manufacture, and supply of critical parts and components, including aero tooling, ground support equipment, electro-mechanical sub-assemblies, and related products. Its offerings cater to the aerospace, defence, energy, and semiconductor industries. The companys consolidated net profit declined 10.62% to Rs 26.10 crore despite a 19.64% increase in revenue from operations to Rs 81.80 crore in Q4 FY26 over Q4 FY25. First Published: Jun 30 2026 | 2:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zaggle Prepaid Ocean Services (Zaggle) gained 4.38% to Rs 207.35 after the company announced that it has entered into a five-year agreement with APAC Financial Services. The agreement is domestic in nature and will remain in force for a period of five years. The company said the contract value cannot be ascertained at this stage, as the SaaS/software fee will depend on the number of active users on the platform, while the program fee will be linked to the actual spending by users over the contract period. It added that neither its promoter, promoter group, nor group companies have any interest in APAC Financial Services. The agreement does not constitute a related-party transaction. Zaggle Prepaid Ocean Services is a leading spend management company with a differentiated value proposition and diversified user base. The company operates in the business-to-business-to-customer (B2B2C) segment and is one of the largest issuers of prepaid cards in India through partnerships with leading banks. It also offers a diversified portfolio of software-as-a-service (SaaS) products, including tax and payroll software. The company's consolidated net profit surged 30.42% to Rs 40.60 crore on a 49.94% increase in revenue from operations to Rs 671.91 crore in Q4 FY26 as compared with Q4 FY25. First Published: Jun 30 2026 | 2:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wockhardt Ltd is quoting at Rs 1936.7, down 0.67% on the day as on 13:19 IST on the NSE. The stock jumped 87.69% in last one year as compared to a 6.32% slide in NIFTY and a 15.05% spurt in the Nifty Pharma index. Wockhardt Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1936.7, down 0.67% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.08% on the day, quoting at 23927.75. The Sensex is at 76618.81, down 0.14%.Wockhardt Ltd has lost around 10.04% in last one month.Meanwhile, Nifty Pharma index of which Wockhardt Ltd is a constituent, has increased around 4.72% in last one month and is currently quoting at 25227.9, up 0.51% on the day. The volume in the stock stood at 3.28 lakh shares today, compared to the daily average of 28.63 lakh shares in last one month. The PE of the stock is 108.46 based on TTM earnings ending March 26. First Published: Jun 30 2026 | 2:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hotel demand rebounds; ICICI Sec keeps Buy on ITC Hotels, IHCL, Lemon Tree First Published: Jun 30 2026 | 2:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For AI-Powered security infrastructure across 1,000+ branches IVIS International, a wholly owned subsidiary of Magellanic Cloud, has received a Letter of Intent (LOI) from Manappuram Finance for the proposed engagement relating to outsourced Command & Control Centre (CCC) e-surveillance services. Under the proposed engagement, IVIS International is expected to deploy the supply, installation, commissioning, centralized monitoring, and maintenance of security infrastructure across Manappuram Finance's branch network. Employing its AI-powered Command & Control Centre platform, the proposed solution is designed to deliver intelligent surveillance, real-time event monitoring, automated alert handling and escalation, centralized branch visibility, vault operations monitoring, and end-to-end maintenance of the security infrastructure. The deployment is proposed to be executed in a phased manner and may extend to approximately 1,000+ branches, subject to the issuance of Purchase Orders and the execution of definitive agreements between the parties. First Published: Jun 30 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 2:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The key equity benchmarks continued to trade below the flat line in afternoon trade. The Nifty 50 index traded below the 23,950 level. Auto, pharma and realty index advanced while IT, banks and FMCG stocks declined. At 13:23 IST, the barometer index, the S&P BSE Sensex declined 127.17 points or 0.17% to 76,601.20. The Nifty 50 index fell 27.65 points or 0.12% to 23,918.60. In the broader market, the BSE 150 MidCap Index rose 0.43% and the BSE 250 SmallCap Index gained 0.51%. The market breadth was negative. On the BSE, 2274 shares rose and 1778 shares fell. A total of 225 shares were unchanged. Gainers & Losers: Maruti Suzuki (up 4.83%), Titan (up 2.96%), Bajaj Finance (up 2.45%), Tata Motors Passenger Vehicles (up 2.25%) and Bharti Airtel (up 1.55%) were the top Nifty 50 gainers. Eicher Motors (down 4.08%), Tata Consumer (down 2.79%), Wipro (down 2.60%), TCS (down 2.54%) and Infosys (down 2.42%) were the top Nifty 50 losers. Economy: Indias industrial output edged up to 5.1% in May, improving from 4.9% in April, driven by stronger electricity generation and broad-based manufacturing growth, according to quick estimates of the Index of Industrial Production (IIP) data out yesterday. The May reading is the second data release under the new IIP series with the base year of 2022-23, which MOSPI first published on June 1. Stocks in Spotlight: Adani Ports and Special Economic Zone rose 1.43%. The company has entered into a definitive agreement with the Mediterranean Shipping Company (MSC) Group, under which MSC Group, via its container terminal operating and investing arm, Terminal Investment (TiL), will invest for 49% interest in Adani Vizhinjam Port, the concessionaire for Vizhinjam port. Godavari Biorefineries advanced 1.67%. The company announced that it has commenced a corn / grain-based distillery at its Sameerwadi Unit, Karnataka, aimed at meeting the rising demand under Indias ethanol blending program. Ceigall India slipped 0.69%. The companys wholly-owned subsidiary Ceigall Morena Solar BESS Park has executed a power purchase agreement (PPA) with Rewa Ultra Mega Solar for a 220 MW solar-BESS project at Morena Solar Park in Morena, Madhya Pradesh. Godrej Properties added 2.17%. The company has announced the acquisition of a 47 acre land parcel through an outright purchase which is located off Old Mahabalipuram road (OMR), one of the fast-growing micro markets in South Chennai. Global Markets: Asia markets opened mixed on Tuesday amid higher oil prices after Iran and the U.S. made an agreement to halt recent hostilities in the Middle East. Chinas manufacturing activity picked up faster in June, buoyed by strong demand for high-tech exports amid a global artificial intelligence boom. The official purchasing managers index edged up to 50.3 in June from 50 in May, returning to expansionary territory above the 50-point threshold. The nonmanufacturing gauge, which tracks construction and services activity, rose to 50.2 from 50.1 in May, according to data released Tuesday by the National Bureau of Statistics. Overnight on Wall Street, the Dow Jones Industrial Average closed above 52,000 for the first time on Monday after Alphabet made its debut in the index, rounding out a broader stock market rally. The Dow advanced 306.63 points, or 0.59%, ending at 52,182.74. The S&P 500 gained 1.18% and closed at 7,440.43, while the Nasdaq Composite rose 2.07% to 25,820.14. First Published: Jun 30 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Thangamayil Jewellery stock hit new life-time high in Tuesday's trade. First Published: Jun 30 2026 | 1:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The dollar index shifted back above 101 mark on Tuesday after a slight pull back below the levels in the previous session. Elevated expectation for a Federal interest rate hike is seen lending consistent support to the greenback. Markets are staying cautious around 101 mark surrounding the United States (US) Nonfarm Payrolls (NFP) data for June, which will be released on Thursday. Markets will also look forward to resumption of US-Iran peace talks in Doha that could help ease inflation concerns. The two nations are reportedly scheduled to hold fresh peace talks on Tuesday in Doha, Qatar, following a weekend of renewed hostilities although media reports claim that Iran refutes the talks claim. At the time of writing, the US Dollar Index (DXY), which gauges the Greenbacks value against six major currencies, trades 0.13% higher to near 101.01. First Published: Jun 30 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Chief Minister Suvendu Adhikari said in the Assembly that the draft would be placed before the Cabinet for approval. He added that the Bill is likely to be introduced in the Assembly during its August session after the prescribed process is completed. The state government has constituted a five-member committee headed by former Supreme Court judge Justice Ranjana Prakash Desai to prepare the framework for the proposed law. The panel has been given four weeks to submit its report. According to the Chief Minister, the committee will examine nine subjects, including marriage, divorce, inheritance, succession and adoption, before submitting its recommendations. The Bill will be drafted based on the committee's report. Adhikari said the proposed UCC would follow the models adopted by Gujarat, Uttarakhand and Assam. He added that Scheduled Tribes, Kurmis and other indigenous communities would remain outside the ambit of the proposed law. The move marks a significant step in the BJP government's efforts to implement a Uniform Civil Code in West Bengal after assuming office earlier this year. The proposed law seeks to establish a common civil framework governing matters such as marriage, divorce, inheritance and adoption, while following the prescribed legislative process. First Published: Jun 30 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 30 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Godavari Biorefineries advanced 1.67% to Rs 282.80 after the company announced that it has commenced a corn / grain-based distillery at its Sameerwadi Unit, Karnataka, aimed at meeting the rising demand under India's ethanol blending program. According to the company, the addition of the grain-based distillery provides dual-feedstock capability, enabling more resilient ethanol production by reducing dependence on sugarcane and ensuring operational continuity during climate-related disruptions. Godavari Biorefineries is a leading integrated biorefinery focused on the production of bio-based chemicals, ethanol, sugar, and power. The company is among the larger ethanol producers in India and is a pioneer in manufacturing ethanol-based chemicals. It operates advanced manufacturing facilities at Sakarwadi in Maharashtra and Sameerwadi in Karnataka, along with three research and development centres located in Mumbai and its plant locations. On the financial front, the company reported a 26.48% decline in consolidated net profit to Rs 52.88 crore for the quarter ended March 2026, compared with Rs 71.93 crore in the corresponding quarter of the previous year. Consolidated sales declined 2.66% to Rs 564.10 crore during the quarter from Rs 579.50 crore recorded in the same period last year. First Published: Jun 30 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kirloskar Oil Engines fell 2.38% to Rs 2,362.50 on Tuesday, extending losses for the third straight session. The recent rally was triggered by a large order announced on 19 June 2026. The company said it had secured an order from HyperNext for power generation systems to be deployed in hyperscale and AI-enabled data centres. The order is for 192 MW of power generation capacity and comprises 96 units of 2,500 kVA Optiprime Dual Core power systems. The deal strengthened investor sentiment as it positions Kirloskar Oil Engines to benefit from India's fast-growing data centre and artificial intelligence infrastructure build-out. Traditionally known for its engines and power generation business, the company is increasingly gaining exposure to the country's digital infrastructure sector. Kirloskar Oil Engines specializes in the design and manufacture of internal combustion engines, gensets and integrated power solutions. The company offers a comprehensive engine & power systems portfolio ranging from 1 kW to 10 MW, serving critical sectors including infrastructure, data centers, real estate, defense, marine, and railways. The companys consolidated net profit jumped 22.65% to Rs 155.22 crore in Q4 FY26, compared with Rs 126.56 crore in Q4 FY25. Revenue from operations climbed 20.97% YoY to Rs 2116.23 crore in Q4 FY26. First Published: Jun 30 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aurobindo Pharma USA Inc., (APUSA), a wholly owned subsidiary of Aurobindo Pharma, announced the successful completion of its acquisition of Lannett Company, Inc., USA (Lannett), from Lannett Seller Holdco, Inc., following receipt of approval from the U.S. Federal Trade Commission on 18 June 2026. Effective 29 June 2026, Lannett has become a wholly owned subsidiary of APUSA and will operate as Lannett Company LLC. The integration process will commence immediately, with a strong emphasis on ensuring uninterrupted access to critical medications, maintaining trusted relationships with partners, and supporting employees throughout the transition. First Published: Jun 30 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 30 June 2026 First Published: Jun 30 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 54.63 points or 0.07% to 76,677.54. The Nifty 50 index lost 10.55 points or 0.04% to 23,935.70. The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 0.51% and the BSE 250 SmallCap Index added 0.55%. The market breadth was positive. On the BSE, 2,237 shares rose and 1,730 shares fell. A total of 210 shares were unchanged. Economy: Indias industrial output edged up to 5.1% in May, improving from 4.9% in April, driven by stronger electricity generation and broad-based manufacturing growth, according to quick estimates of the Index of Industrial Production (IIP) data out yesterday. Manufacturing, which carries the highest weight of 76 percent in the IIP basket, marked a surge of 5.5% in May, slightly lower than the growth in April, indicating steady momentum in industrial activity. Electrical equipment recorded the strongest expansion among major manufacturing segments, rising around 21%. The May reading is the second data release under the new IIP series with the base year of 2022-23, which MOSPI first published on June 1. Electricity and gas supply was the fastest-growing major sector, recording 9.9% growth in May, driven by elevated temperatures as well as a low base. The mining and quarrying sector contracted 1.6%. On a use-based categorization, capital goods were the strongest category, with growth of around 13%. Infrastructure and construction goods rose 5.9%, consumer durables gained 7.2%, and intermediate goods edged up 5.8 percent. Primary goods and consumer non-durables were the laggards, at 2.6 percent and 3.6 percent, respectively. Buzzing Index: The Nifty Realty index advanced 1.32% to 829.65. The index shed 0.90% in the past trading session. Godrej Properties (up 2.5%), Phoenix Mills (up 2.38%), Prestige Estates Projects (up 1.84%), Sobha (up 0.96%), Lodha Developers (up 0.84%), Aditya Birla Real Estate (up 0.78%), Oberoi Realty (up 0.76%), DLF (up 0.7%), and Anant Raj (up 0.2%) rose. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.52% to 13.40. The Nifty 30 June 2026 futures were trading at 24,021.90, at a premium of 86.2 points as compared with the spot at 23,935.70. The Nifty option chain for the 30 June 2026 expiry showed a maximum call OI of 446 lakh contracts at the 24,000 strike price. A maximum put OI of 321.5 lakh contracts was seen at the 23,900 strike price. Stocks in Spotlight: SRM Contractors rose 1.61% after bagging three contracts worth Rs 500.99 crore from Maharashtra State Infrastructure Development Corporation, Ministry of Road Transport & Highways (MoRTH), and Northeast Frontier Railway (NFR) Construction. Godrej Properties rose 2.36% after the company announced the acquisition of a 47-acre land parcel through an outright purchase, which is located off Old Mahabalipuram Road (OMR), one of the fast-growing micro-markets in South Chennai. First Published: Jun 30 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vedanta Iron & Steel zooms 10%, up 70% since listing; time to book profit? First Published: Jun 30 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Textile stocks hit new 52-week highs, rallying up to 12% in Tuesday's trade. First Published: Jun 30 2026 | 12:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Textile stocks hit new 52-week highs, rallying up to 12% in Tuesday's trade. First Published: Jun 30 2026 | 12:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dev Information Technology Ltd, Divgi Torqtransfer Systems Ltd, Saksoft Ltd and AVG Logistics Ltd are among the other gainers in the BSE's 'B' group today, 30 June 2026. Dev Information Technology Ltd, Divgi Torqtransfer Systems Ltd, Saksoft Ltd and AVG Logistics Ltd are among the other gainers in the BSE's 'B' group today, 30 June 2026. NACL Industries Ltd soared 14.63% to Rs 231.95 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 6.94 lakh shares were traded on the counter so far as against the average daily volumes of 78633 shares in the past one month. Dev Information Technology Ltd surged 13.94% to Rs 29.35. The stock was the second biggest gainer in 'B' group. On the BSE, 24519 shares were traded on the counter so far as against the average daily volumes of 5299 shares in the past one month. Divgi Torqtransfer Systems Ltd spiked 13.69% to Rs 988.5. The stock was the third biggest gainer in 'B' group. On the BSE, 83887 shares were traded on the counter so far as against the average daily volumes of 4387 shares in the past one month. Saksoft Ltd exploded 12.64% to Rs 208.15. The stock was the fourth biggest gainer in 'B' group. On the BSE, 24.83 lakh shares were traded on the counter so far as against the average daily volumes of 1.26 lakh shares in the past one month. AVG Logistics Ltd spurt 11.99% to Rs 200.4. The stock was the fifth biggest gainer in 'B' group. On the BSE, 15842 shares were traded on the counter so far as against the average daily volumes of 10725 shares in the past one month. First Published: Jun 30 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For a 220 MW solar and BESS project at Morena Solar Park in Madhya Pradesh Ceigall India has marked another significant milestone in its diversification into clean energy infrastructure with the execution of a Power Purchase Agreement (PPA) through its wholly owned subsidiary, Ceigall Morena Solar BESS Park, with Rewa Ultra Mega Solar for a 220 MW Solar and Battery Energy Storage System (BESS) project at Morena Solar Park in Madhya Pradesh. The tariff-based project, valued at approximately Rs 1,700 crore (including GST), combines solar power generation with Battery Energy Storage Systems (BESS), reinforcing India's transition towards a more resilient and sustainable energy ecosystem. The project carries an 18-month construction timeline followed by a 25-year operational period, with a discovered tariff of ?2.70 per kWh. The project represents another strategic step in Ceigall India's expanding infrastructure portfolio, complementing its strong presence in transportation and civil infrastructure while strengthening its footprint in the country's rapidly growing renewable energy sector. First Published: Jun 30 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BS Marketing Initiative First Published: Jun 30 2026 | 12:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 12:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ceigall India announced that its wholly-owned subsidiary, Ceigall Morena Solar BESS Park, has executed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar for a 220 MW solar-BESS project at Morena Solar Park in Morena, Madhya Pradesh. According to the company's exchange filing, the tariff-based project comprises solar power generation and Battery Energy Storage System (BESS) components. The project has a construction period of 18 months and an operational period of 25 years. The company said the PPA has been executed with a domestic entity at a tariff of Rs 2.70 per kWh. It added that neither the promoter nor the promoter group has any interest in the awarding entity, and the agreement is not a related-party transaction. Ceigall India is an infrastructure engineering, procurement, and construction (EPC) company engaged in the development of highways, expressways, bridges, flyovers, railway overbridges, tunnels, and runways. The company executes projects under EPC as well as Hybrid Annuity Model (HAM) formats and has a strong track record of timely execution across multiple states in India. The companys consolidated net profit jumped 70.85% to Rs 126.60 crore on a 37.06% increase in revenue from operations to Rs 1386.51 crore in Q4 FY26 over Q4 FY25. First Published: Jun 30 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Morepen Laboratories Ltd, Paras Defence and Space Technologies Ltd, Arvind Ltd and Capri Global Capital Ltd are among the other gainers in the BSE's 'A' group today, 30 June 2026. Morepen Laboratories Ltd, Paras Defence and Space Technologies Ltd, Arvind Ltd and Capri Global Capital Ltd are among the other gainers in the BSE's 'A' group today, 30 June 2026. Ola Electric Mobility Ltd soared 10.91% to Rs 44.83 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 177.31 lakh shares were traded on the counter so far as against the average daily volumes of 109.05 lakh shares in the past one month. Morepen Laboratories Ltd surged 9.32% to Rs 59.71. The stock was the second biggest gainer in 'A' group. On the BSE, 16.66 lakh shares were traded on the counter so far as against the average daily volumes of 8.29 lakh shares in the past one month. Paras Defence and Space Technologies Ltd spiked 7.52% to Rs 1272.8. The stock was the third biggest gainer in 'A' group. On the BSE, 2.61 lakh shares were traded on the counter so far as against the average daily volumes of 4.68 lakh shares in the past one month. Arvind Ltd exploded 7.08% to Rs 587.85. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.55 lakh shares were traded on the counter so far as against the average daily volumes of 48165 shares in the past one month. Capri Global Capital Ltd advanced 5.86% to Rs 229.35. The stock was the fifth biggest gainer in 'A' group. On the BSE, 80.44 lakh shares were traded on the counter so far as against the average daily volumes of 6.04 lakh shares in the past one month. First Published: Jun 30 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 9:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MSC Group to invest USD 1.397bn for 49% stake in Adani Vizhinjam Port Adani Ports & Special Economic Zone (APSEZ) and Mediterranean Shipping Company (MSC) Group's terminal arm, Terminal Investment (TiL) announced definitive agreement under which TiL will invest for 49% interest in Adani Vizhinjam Port (AVPPL). The strategic collaboration represents the single largest foreign private investment in Indian port infrastructure and cements Vizhinjam's emergence as a dominant transshipment gateway in the Indian Ocean region. The transaction is subject to customary approvals, including regulatory ones. TiL to invest USD 1.397bn, equivalent to its proportionate 49% share of USD 2.85bn. Vizhinjam port has a capacity of 1.6 million TEUs and is undergoing expansion that will increase capacity 3.5x to 5.7 million TEUs. This marks the 3rd major collaboration between APSEZ and MSC following successful joint ventures at ports in Mundra (Container Terminal No. 3) and Ennore. First Published: Jun 30 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kalpataru Projects International along with its international subsidiaries have secured new orders / notification of awards of approx. Rs 2,957 crore. The details of the aforesaid new orders are as follows: First Published: Jun 30 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Power sector: Antique picks NTPC, Adani Power, ACME Solar; here's why First Published: Jun 30 2026 | 9:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The GIFT Nifty July 2026 futures currently traded 24.5 points higher, suggesting a positive opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 1,350.10 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,801.45 crore in the Indian equity market on 29 June 2026, provisional data showed. The FIIs have sold shares worth Rs 46,471.88 crore so far in June (till 29 June 2026). This follows their cash sales of Rs 55,963.33 crore in May, Rs 70,135.46 crore in April and Rs 122,540.41 crore in March. Global Markets: Asia-Pacific markets opened mixed Tuesday, amid higher oil prices after Iran and the U.S. made an agreement to halt recent hostilities in the Middle East. Chinas manufacturing activity picked up faster in June, buoyed by strong demand for high-tech exports amid a global artificial intelligence boom. The official purchasing managers index edged up to 50.3 in June and returning to expansionary territory above the 50-point threshold. The index stood at 50 in May. The nonmanufacturing gauge, which tracks construction and services activity, rose to 50.2 from 50.1 in May, according to data released Tuesday by the National Bureau of Statistics. The Dow jumped 306.63 points, or 0.59%, to close at a fresh record above the 52,000 level for the first time ever on Monday. The blue-chip index was boosted by a nearly 5% gain in Alphabet during the Magnificent Seven giants first trading session as a Dow member. The S&P 500 rose 1.18% to end at 7,440.43, while the Nasdaq Composite gained 2.07% to settle at 25,820.14. Domestic Market: Benchmark indices surrendered early gains to end lower on Monday as profit booking weighed on sentiment. The Nifty slipped below the 23,950 mark after touching an intraday high of 24,120. Selling pressure in auto and IT stocks dragged the market lower. The S&P BSE Sensex declined 372.10 points or 0.48% to 76,728.37. The Nifty 50 index fell 109.75 points or 0.46% to 23,946.25. First Published: Jun 30 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Juniper Hotels said Tarun Jaitly has resigned from the position of chief financial officer (CFO) of the company. Central Bank of India said it has inaugurated its International Financial Services Centre (IFSC) Banking Unit (IBU) at Gujarat International Finance Tec-City (GIFT City), expanding its presence in India's international financial services hub. Agsonpal Pharmaceuticals said it has entered into a Share Purchase Agreement (SPA) to acquire an 85% stake in Aequitas by purchasing 85% of its paid-up equity share capital. RITES said it has signed a memorandum of understanding (MoU) with CONCOR to provide project management and consultancy services for the development of logistics infrastructure. SJVN said it has signed power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam Ltd (GUVNL) for the supply of electricity from its 66 MW, 210 MW and 382 MW hydroelectric projects in Himachal Pradesh. First Published: Jun 30 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 2.33% to Rs 160.72 crore For the full year,net profit rose 30.33% to Rs 34.76 crore in the year ended March 2026 as against Rs 26.67 crore during the previous year ended March 2025. Sales rose 0.20% to Rs 636.96 crore in the year ended March 2026 as against Rs 635.71 crore during the previous year ended March 2025. First Published: Jun 30 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 0.44 crore For the full year,net loss reported to Rs 57.07 crore in the year ended March 2026 as against net loss of Rs 166.39 crore during the previous year ended March 2025. Sales declined 72.16% to Rs 2.77 crore in the year ended March 2026 as against Rs 9.95 crore during the previous year ended March 2025. First Published: Jun 30 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 9:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jio IPO Timeline: First Published: Jun 30 2026 | 8:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rule of law is neither a welfare scheme nor an economic policy, and it rather disciplines the exercise of power to ensure that no person is left vulnerable to the "whims" of an arbitrary government, Chief Justice of India (CJI) Surya Kant said on Monday. The CJI was delivering the keynote address at the International Institute for Democracy and Electoral Assistance (IDEA) conference in Stockholm. The theme of the conference was "Safeguarding the Rule of Law -- Experiences from India and Sweden". Justice Kant underscored the centrality of the rule of law, judicial independence and constitutional democracy in safeguarding individual liberties, asserting that judicial review is not merely a power but a constitutional duty entrusted to the courts. "The rule of law is neither a welfare scheme nor an economic policy. It does not, by itself, bake bread, create livelihoods or remove poverty. What it does is something more fundamental, though less immediately visible: it disciplines the exercise of power. "It ensures that public authority acts through known, stable and general rules; that citizens are treated as equals before the law; and that no person is left vulnerable to the whims of arbitrary government," he said. Tracing the roots of Indian legal consciousness to ancient traditions of "Dharma" that predate common law by millennia, the CJI said the principles of judicial independence and the rule of law are not mere "post-colonial imports" from the West. He referred to India's constitutional journey since independence and described the Constitution as a framework that guarantees rights while distributing powers among the legislature, executive and judiciary. He said the Indian Constitution is a "tessellation of rights guaranteed to its citizens", while entrusting distinct duties, obligations and powers to the three pillars of governance -- the legislature, the executive and the judiciary. "In the Indian template, the separation of powers is not a system of rigid, hermetically-sealed barriers, but a beautifully-calibrated network of checks and balances designed to prevent the concentration of absolute power. The Supreme Court has consistently intervened when this delicate equilibrium has been threatened," he said. The CJI emphasised that the endurance of constitutional democracy depends not only on constitutional text but also on the faithful adherence of institutions to constitutional norms. "The greatest safeguard lies in an independent judiciary, which must remain a vigilant guardian of constitutional supremacy," he said. "This enduring commitment to independence enables the Indian judiciary to do more than simply resolve disputes or defend constitutional boundaries. It allows our courts to actively shape the democratic imagination of a vast and varied society and function as architects of democratic life itself," he said. Justice Kant said judicial review should be viewed not as judicial supremacy but as a constitutional responsibility designed to preserve the rule of law whenever constitutional institutions fail to act within their prescribed limits. "It would be no exaggeration to claim that this expansive power of review is a cornerstone of India's constitutional democracy, affirming that legality and constitutionality are fundamental preconditions to the exercise of governmental authority," he said. Referring to constitutional evolution, the CJI highlighted the landmark Kesavananda Bharati judgment, which established the basic-structure doctrine, and the S R Bommai decision, which strengthened federalism and democratic governance by requiring legislative floor tests before dismissing elected governments. He also outlined the constitutional safeguards that ensure judicial independence, including the separation of the judiciary from the executive, constitutional protections for judges and institutional mechanisms governing judicial appointments. Tracing the evolution of constitutional jurisprudence, Justice Kant said the Supreme Court has significantly expanded access to justice through Public Interest Litigation (PIL), enabling even disadvantaged and marginalised citizens to seek constitutional remedies. He cited several landmark judgments that broadened the scope of Article 21 of the Constitution by recognising rights relating to speedy trial, dignity, livelihood and environmental protection. The CJI highlighted the judiciary's contribution to environmental jurisprudence through doctrines, such as absolute liability, public trust and the polluter-pays principle. He also referred to judicial interventions that strengthened electoral transparency, enhanced women's representation within legal institutions, addressed workplace sexual harassment and expanded reproductive rights. While emphasising the judiciary's proactive role in protecting constitutional values, Justice Kant stressed that judicial activism must be accompanied by institutional restraint. "The rule of law is preserved only when the judiciary honours its own institutional boundaries while holding other branches to theirs," he said, adding that courts are not intended to function as "a second appellate authority or a super-executive" over policy decisions of the elected government. The CJI rejected the notion that judicial independence and the rule of law are exclusively western concepts and referred to the ancient Indian tradition by narrating the story of King Prahlada. He said India's constitutional experience demonstrates that constitutional values rooted in a diverse democracy possess universal relevance. "India's journey reflects a simple truth: constitutional ideas, when anchored in the lived experience of a complex and diverse democracy, carry a universal resonance that speaks directly to the human aspiration for dignity and justice. "The true strength of our judiciary lies not simply in its willingness to speak courageously when the constitutional fabric is threatened, but in its profound institutional wisdom to know when deference and restraint are themselves the highest expressions of constitutional fidelity," he said in his concluding remarks. "The true strength of our judiciary lies not only in speaking courageously when constitutional values are threatened, but also in recognising when restraint itself is the highest expression of constitutional fidelity," the CJI said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 30 2026 | 8:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty June expiry strategy: Analysts expect resistance around 24,000-24,100 zone on Tuesday. First Published: Jun 30 2026 | 8:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The US-India trade deal is in its "final steps", with only the last one per cent of negotiations left to be concluded, US Ambassador to India Sergio Gor said on Tuesday, expressing confidence that the deal would soon be sealed after nearly 18 months of talks. Addressing the US-India Strategic Partnership Forum Leadership Summit here, Gor said he was determined to conclude the agreement as it would be beneficial to both nations. "We are in the final steps on this deal. Most of this deal is complete. There's a few items that remain on both sides. It's in the last 1 per cent of that deal," he said. The US envoy to India was bullish about the bilateral relationship and cited the personal equation between US President Donald Trump and Prime Minister Narendra Modi which was driving the ties. "People ask, why is this taking so long? We've been at this for a year and a half. To put it into perspective, we've been trading for 20 years. So no matter what, once we beat the European deal, I think we're in good shape. But I'm determined to bring this to a close," he said. The US envoy said the President has very fond memories of his visit to India and still continues to talk about it. "His visit last time, it was one of his most remarkable visits that he continues to talk about. He holds it in a very fond place. It's an incredible thing. So I look forward to having the President visit us back in India," Gor said. The ambassador also announced that the Quad foreign ministers are scheduled to meet in the Philippines in about two weeks from now. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 30 2026 | 8:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 8:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 8:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RailTel Corporation of India has received a work order worth Rs 27.06 crore from the Goa Labour Welfare Board for the development of an exclusive end-to-end online portal. RailTel Corporation of India was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways. The companys standalone net profit jumped 35.7% to Rs 143.52 crore in Q4 FY26, compared with Rs 105.78 crore in Q4 FY25. Revenue from operations rose 27.6% YoY to Rs 1,668.86 crore in Q4 FY26. Shares of RailTel Corporation of India fell 2.44% to close at Rs 306.25 on the BSE. First Published: Jun 30 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 7:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brent crude's more traded September contract was down 0.54 per cent, or 40 cents, at $73.51 a barrel Oil prices dropped on Tuesday, with investors eyeing the outcome of potential US-Iran talks in Doha amid weekend missile fire from both sides that tested an interim ceasefire to end the four-month-old war. Brent August crude futures, which expire on Tuesday, were down 1.03 per cent, or 75 cents, at $72.40 a barrel as of ?0038 GMT. The more actively traded September contract was down 0.54 per cent, or 40 cents, at $73.51 a barrel. US West Texas Intermediate fell 0.66 per cent, or 47 cents, to $70.32 a barrel. "Investors are pricing in hopes of a positive outcome from the Doha talks, even though real normalisation of flows through the Strait of Hormuz is not yet visible," said Tim Waterer, chief market analyst at KCM Trade. "The market is cautiously hopeful but still hedging its bets until we see more tangible signs of de-escalation," Waterer added. Iranian and Omani experts will start talks on redefining transit paths through the Strait of Hormuz in the coming days, Iranian Deputy ?Foreign Minister Kazem Gharibabadi told state TV on Monday, adding that his country will try to obstruct vessels outside defined paths. However, Iran's Foreign Ministry spokesperson Esmaeil Baghaei said there won't be any negotiation meetings at any level with the American side in the coming days. "The meeting in Doha is going to be perhaps important, perhaps not. We're going to find out," US President Donald Trump told reporters in the Oval Office. The uncertainty over whether the two sides would meet highlighted the fragility of a June 17 agreement to pause fighting that has disrupted global oil flows ?through the Strait of Hormuz and posed a political challenge for Trump ahead of November's congressional elections. Israel has not joined the US-Iran peace talks and has distanced itself from the agreement. Meanwhile, ?West Asia producers are pushing ahead with loading oil and LNG despite fresh ship attacks in the ?Strait of Hormuz and renewed strikes between the US and Iran in recent days, shipping data showed. "Assuming Persian Gulf flows continue to recover at the same average pace as over the ?last two weeks... Gulf flows could return to pre-war levels of 23 million barrels per day already by early July," analysts at Goldman Sachs wrote in a note dated June 29. Traffic ?last week hit its highest level since the conflict began at the end of February. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 30 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 30 2026 | 7:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 1.19 crore shares as against 1.36 crore shares on offer. The issue opened for bidding on 29 June 2026 and it will close on 1 July 2026. The price band of the IPO is fixed between Rs 125 and 136 per share. An investor can bid for a minimum of 110 equity shares and in multiples thereof. The IPO is entirely a fresh issue of shares worth Rs 170 crore at the upper price band of Rs 136. There is no offer for sale (OFS) component. At the upper end of the price band, the company is expected to be valued at Rs 600.33 crore post listing. The funds raised to the tune of Rs 111.5 crore will be used towards part payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited, Rs 10.0 crore will be utilized towards funding working capital requirements of Falcon Yarns Private Limited and the balance towards general corporate purposes. Incorporated in 2008, Aastha Spintex manufactures and trades carded, combed and compact combed cotton yarns and cotton bales. The company operates a semi-automated integrated spinning and ginning facility at Halvad, Gujarat, with 25,920 spindles and an annual cotton bale production capacity of 12,000 tonnes. It follows a B2B business model, supplying textile manufacturers, yarn exporters and fabric processors. Aastha has also signed an agreement to acquire 100% stake in Falcon Yarns for Rs 111.50 crore, which is expected to increase its annual spinning capacity from 7,700 tonnes to 17,457 tonnes upon completion of the acquisition. The firm reported a consolidated net profit of Rs 2.96 crore and sales of Rs 169.53 crore for the twelve months ended on 31 March 2026. First Published: Jun 29 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 4:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 4:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Industrial output rose 5.1 per cent in May compared to 4.9 per cent in the preceding month, mainly on the back of improved manufacturing sector performance. This is the second monthly Index of Industrial Production (IIP) data based on the new series. The growth rates of the Four sectors, Mining & Quarrying, Manufacturing, Electricity & Gas Supply and Water Supply, Sewerage & Waste Management for the month of May 2026 are (-)1.6 percent, 5.5 percent, 9.9 percent and 5.5 percent respectively. The Quick Estimate of IIP stands at 122.7 against 116.7 in May 2025. The indices of Industrial Production for Mining & Quarrying, Manufacturing, Electricity & Gas Supply and Water Supply, Sewerage & Waste Management for the month of May 2026 stand at 112.9, 122.6, 129.6 and 145.1 respectively. The Ministry of Statistics and Programme Implementation (MoSPI) released the new series of the All India Index of Industrial Production (IIP) with base year 202223 on 1st June 2026, using the Wholesale Price Index (WPI) as the deflator. First Published: Jun 29 2026 | 4:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India VIX jumped 4.29% to 13.61. In the cash market, the Nifty 50 index lost 109.75 points or 0.46% to 23,946.25. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 4.29% to 13.61. HDFC Bank (India), Infosys and Tata Consultancy Services were the top-traded individual stock futures contracts in the F&O segment of the NSE. The June 2026 F&O contracts will expire on 30 June 2026. First Published: Jun 29 2026 | 4:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators further reduced net shorts in Pound futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net short position of 105719 contracts in the data reported through June 23 2026. This was a weekly decrease of 34134 net short contracts. First Published: Jun 29 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Jun 29 2026 | 4:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Container Corporation of India (CONCOR) announced that Minister of Railways approved the appointment of Ajit Kumar Panda as chairman and managing director (CMD), effective from 1 August 2026. Container Corporation of India (CONCOR) is engaged in the business of providing inland transportation of containers by rail. It also covers the management of ports and air cargo complexes and establishes cold chains. The company reported a 12.38% decline in consolidated net profit to Rs 262.65 crore in Q4 FY26, compared with Rs 299.79 crore posted in the corresponding quarter last year. Revenue from operations slipped 1.1% year-on-year to Rs 2,263.30 crore in the quarter ended 31 March 2026. The counter rose 0.76% to settle at Rs 473 on the BSE. First Published: Jun 29 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sterling and Wilson Renewable Energy announced that the company, in a 50-50 joint venture with Hassan Allam Construction - one of the leading contractors in Egypt and the MENA region, has secured an order today, valued at approximately USD 560 million for West Minya Solar Power Project in Minya Governorate, Egypt. Once complete, this 1,000 MWac capacity Solar PV project integrated with a 600 MWh Battery Energy Storage System (BESS) will become one of Egypt's largest utility-scale renewable energy developments. First Published: Jun 29 2026 | 4:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TTSIPL operates in the business of marketing, processing, purchasing, importing, exporting, and selling bitumen and bituminous products primarily in India, with export sales extending to Nepal, Bhutan, and Bangladesh. Its product portfolio provides solutions for both highways and airport runways, consisting specifically of VG Grade Bitumen, Polymer Modified Bitumen (PMB), Crumb Rubber Modified Bitumen (CRMB), Emulsion, and Emulsion OB. First Published: Jun 29 2026 | 4:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
R B Selvakumar, EVP & Head HR, ceases to be a Senior Management Personnel of the Company, with immediate effect, due to his transition to a business role. First Published: Jun 29 2026 | 4:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators slightly reduced net long positions in the Euro futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net long position of 30158 contracts in the data reported through June 23, 2026. This was a weekly fall of 4195 net positions. First Published: Jun 29 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mumbai is staring at a severe water crisis as the combined live storage in its seven supply reservoirs has dropped to less than 7 per cent, significantly lower than last year, due to delayed monsoon and insufficient rainfall so far this year. In the corresponding period last year, the water stock in these seven dams was 39.5 per cent. As per the data from the Brihanmumbai Municipal Corporation's Hydraulic Engineer's Department, the seven reservoirs together held 1,00,279 million litres of water, or 6.93 per cent of their total live storage capacity, at 6 am (on Monday), compared with 5,71,670 million litres (39.5 per cent) on the corresponding day last year. Seven reservoirs -- Bhatsa, Upper Vaitarna, Modak Sagar, Tansa, Middle Vaitarna, Tulsi, and Vihar -- make up the entire seven-lake system that supplies drinking water to the financial capital of the country and its metropolitan areas. They have a combined useful storage capacity of 14.47 lakh million litres and supply around 4,000 million litres of potable water daily to Mumbai. Four major reservoirs -- Upper Vaitarna, Modak Sagar, Tansa and Middle Vaitarna -- together contained 46,192 million litres of water, accounting for 6.65 per cent of their combined live storage capacity, as per the data. Among these, Vihar had the highest storage at 45.13 per cent of its live capacity, followed by Tulsi (24.26 per cent) and Modak Sagar (18.47 per cent), according to the data. Upper Vaitarna continued to remain below its Lower Drawdown Level (LDL), with its useful live storage recorded as zero. However, 11,974 million litres of water below the LDL was being utilised, it said. During the 24-hour period ending at 6 am, Tulsi received 179 mm of rainfall, Vihar 112 mm and Modak Sagar 38 mm, while the Bhandup Complex recorded 191 mm of rainfall. On June 17, the water stock in the seven reservoirs supplying drinking water to Mumbai stood at 1,44,918 million litres or 10.01 per cent of their total useful storage capacity. Concerns have been raised over the city's water supply due to the delayed southwest monsoon and forecasts indicating the possible development of strong El Nino conditions later this year. However, the reservoirs currently hold more water than they did during the corresponding period in 2024 when it stood at 5.43 per cent on this day. Monsoon generally reaches Mumbai around June 10, but its onset has been delayed this year. Last year, the monsoon arrived in the city in May, well ahead of its normal onset date. The delayed arrival and slow progress of the monsoon have prompted the BMC to closely monitor reservoir levels and implement water conservation measures. Following directives from the Maharashtra government's Water Resources Department, the BMC has begun implementing austerity measures for drinking water management. Consequently, the hydraulic engineer's department issued a detailed circular earlier this month outlining the steps to be taken during the water-cut period. The civic body had already imposed a 10 per cent water cut in Mumbai from May 15. It, however, implemented a 20 per cent water cut for industrial and commercial establishments starting June 17. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 29 2026 | 3:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Auto Ltd on Monday said its ?5,632.8-crore share buyback will start from July 1, 2026. The company is undertaking a buyback of up to 46.94 lakh fully paid-up equity shares of face value of ?10 each at a price of ?12,000 per share, payable in cash, for an aggregate amount of up to ?5,632.8 crore, Bajaj Auto said in a regulatory filing. The proposal was first passed by the company's board on May 6, 2026, and subsequently by shareholders by way of a special resolution through postal ballot notice on May 14, 2026, the results of which were announced on June 18, 2026. The opening date of the buyback will be July 1, 2026, and will close on July 7, 2026, the filing said. On the rationale of the buyback, Bajaj Auto said the growth of its business, robust cash generation and strong balance sheet position allow it "to reward its shareholders from time to time, as in the current instance, while retaining sufficient capital for growth and investment opportunities". "The buyback reinforces the company's commitment to its shareholders by returning surplus cash to them in an effective and efficient manner, and is expected to improve its earnings per share and return on equity," it added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 29 2026 | 3:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
All electric cars with an ex-showroom price of ?30 lakh or less registered in the national capital will be granted 100 per cent exemption on road tax and registration fees, as the Delhi government approved a new EV policy on Monday. Under the new policy, people buying e-two-wheelers will get a subsidy of ?30,000 in the first year, ?20,000 in the second year and ?10,000 in the third year. As part of the policy, only electric autorickshaws will be registered in Delhi from January 1, 2027, while registration of new petrol and CNG two-wheelers will be phased out, with only electric two-wheelers to be registered from April 1, 2028. Addressing a press conference, Chief Minister Rekha Gupta said that around ?15,000 crore will be invested under the new policy over the next four years to promote electric mobility and reduce vehicular pollution in the national capital. The policy, approved by the Delhi Cabinet, will come into effect from July 1, Gupta said, describing it as a major step towards making Delhi a pollution-free city by March 31, 2030. Gupta said that the new policy lays special emphasis on the transport sector and provides a roadmap for the phased transition from conventional fuel-powered vehicles to electric vehicles. To encourage the adoption of electric vehicles, the government has announced purchase incentives for buyers. Similarly, buyers of electric three-wheelers will be eligible for incentives of ?50,000, ?40,000 and ?30,000 in the first, second and third years, respectively. Buyers of N1 category electric trucks will receive a purchase incentive of up to ?1 lakh, according to an official. The policy also provides a scrapping incentive of ?1 lakh for owners of BS-IV four-wheelers or below standard who scrap their vehicles and switch to electric vehicles. An official said no subsidy will be provided for hybrid vehicles. A dedicated online portal will be developed to enable applicants to apply for EV-related incentives under the policy. The government said the policy also envisages expansion of charging infrastructure, vehicle scrapping facilities and other measures to accelerate the transition to electric mobility across the city. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 29 2026 | 3:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Maharashtra Minister Nitesh Rane on Monday said that the annual monsoon fishing ban on mechanised and motorised boats in the state has been extended till August 15 in view of the delayed onset of the southwest monsoon. Rane informed the state assembly that the Centre had initially imposed the ban from June 1 to July 31 along the western coast, but a government order has now extended the same. The extension aims to conserve fish stocks, provide adequate breeding time for marine species and ensure the long-term sustainability of fisheries, he said. The state fisheries minister said that the decision would also help safeguard fishermen from risks posed by rough weather conditions, including strong winds, cyclones, unseasonal rainfall and turbulent seas during the early monsoon period. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 29 2026 | 3:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ZF Steering Gear (India) rallied 6.45% to Rs 716 after the company entered into a Framework Co-operation Agreement with Hubei Tri-Ring Motor Steering Gear China, to develop Electric Hydraulic Power Assisted Steering (EHPAS) assemblies in India. The said announcement snapped the stocks three days losing streak. The scrip declined 4.45% to end at Rs 672.60 on Thursday (25 June 2026), from its recent closing high of Rs 703.95 recorded on Monday (22 June 2026). The stock has gained 10.06% over the past month, outperforming the Sensex, which rose 2.55% during the same period. However, over the last three months, the counter underperformed the benchmark, declining 12.46% compared with a 0.26% fall in the Sensex. On the technical front, the stock's 14-day Relative Strength Index (RSI) stood at 54.76, indicating neutral momentum. The stock was also trading above its 10-day and 20-day simple moving averages of Rs 698.43 and Rs 675.86, respectively, suggesting a positive near-term trend. ZF Steering Gear (India) is engaged in the business of production & assembling of steering systems for vehicles, buses and tractors. The company reported consolidated net loss of Rs 0.03 crore in Q4 FY26, compared with net profit of Rs 3.87 crore in Q4 FY25. Revenue from operations jumped 27.24% YoY to Rs 174.34 crore in Q4 FY26. First Published: Jun 29 2026 | 3:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Persistent Systems Ltd, Astral Ltd, Supreme Industries Ltd and Alkyl Amines Chemicals Ltd are among the other losers in the BSE's 'A' group today, 29 June 2026. Persistent Systems Ltd, Astral Ltd, Supreme Industries Ltd and Alkyl Amines Chemicals Ltd are among the other losers in the BSE's 'A' group today, 29 June 2026. Netweb Technologies India Ltd tumbled 10.66% to Rs 4417 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.36 lakh shares were traded on the counter so far as against the average daily volumes of 1.88 lakh shares in the past one month. Persistent Systems Ltd crashed 10.16% to Rs 4348.75. The stock was the second biggest loser in 'A' group.On the BSE, 3.33 lakh shares were traded on the counter so far as against the average daily volumes of 52057 shares in the past one month. Astral Ltd lost 8.23% to Rs 1364. The stock was the third biggest loser in 'A' group.On the BSE, 1.46 lakh shares were traded on the counter so far as against the average daily volumes of 29362 shares in the past one month. Supreme Industries Ltd plummeted 6.80% to Rs 3191. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.41 lakh shares were traded on the counter so far as against the average daily volumes of 25216 shares in the past one month. Alkyl Amines Chemicals Ltd slipped 6.51% to Rs 1672.15. The stock was the fifth biggest loser in 'A' group.On the BSE, 3880 shares were traded on the counter so far as against the average daily volumes of 12576 shares in the past one month. First Published: Jun 29 2026 | 3:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shri Krishna Devcon Ltd, Bang Overseas Ltd, Growington Ventures India Ltd and Bhilwara Technical Textiles Ltd are among the other losers in the BSE's 'B' group today, 29 June 2026. Shri Krishna Devcon Ltd, Bang Overseas Ltd, Growington Ventures India Ltd and Bhilwara Technical Textiles Ltd are among the other losers in the BSE's 'B' group today, 29 June 2026. Mahalaxmi Rubtech Ltd lost 16.13% to Rs 111.55 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 95900 shares were traded on the counter so far as against the average daily volumes of 6910 shares in the past one month. Shri Krishna Devcon Ltd crashed 15.37% to Rs 41.3. The stock was the second biggest loser in 'B' group.On the BSE, 1397 shares were traded on the counter so far as against the average daily volumes of 167 shares in the past one month. Bang Overseas Ltd tumbled 13.04% to Rs 27.8. The stock was the third biggest loser in 'B' group.On the BSE, 32547 shares were traded on the counter so far as against the average daily volumes of 7386 shares in the past one month. Growington Ventures India Ltd fell 10.71% to Rs 0.75. The stock was the fourth biggest loser in 'B' group.On the BSE, 20.7 lakh shares were traded on the counter so far as against the average daily volumes of 29.57 lakh shares in the past one month. Bhilwara Technical Textiles Ltd shed 9.99% to Rs 46.02. The stock was the fifth biggest loser in 'B' group.On the BSE, 43558 shares were traded on the counter so far as against the average daily volumes of 25461 shares in the past one month. First Published: Jun 29 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 3:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The transaction is not a related-party deal State-run Bharat Petroleum Corporation on Monday said it will acquire a 40 per cent equity stake in Tiki Tar and Shell India for ?85 crore in cash, as it seeks to expand its presence in India's fast-growing value-added bitumen market. The acquisition, which has received approval from the Department of Investment and Public Asset Management (DIPAM), is expected to be completed within 90 days, Bharat Petroleum Corporation Ltd (BPCL) said in a regulatory filing. The transaction is not a related-party deal. Incorporated in October 2019, Tiki Tar and Shell India Pvt Ltd (TTSIPL) manufactures and markets bitumen and bituminous products used in highways and airport runways. Its portfolio includes VG Grade Bitumen, Polymer Modified Bitumen (PMB), Crumb Rubber Modified Bitumen (CRMB), and emulsions. The company also exports to Nepal, Bhutan and Bangladesh. BPCL said the investment aligns with its strategy to tap growing demand for value-added bitumen driven by India's infrastructure expansion. TTSIPL reported a revenue of ?404.6 crore in FY26 compared to ?545.2 crore in FY25 and ?317.8 crore in FY24. The company has an authorised share capital of ?37 crore and a paid-up capital of about ?36.1 crore. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 29 2026 | 3:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Welspun Corp stock hit new life-time high in Monday's trade. (Illustration: Binay Sinha) First Published: Jun 29 2026 | 3:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At present, Sebi has 20 executive directors Markets regulator Sebi has begun the process of recruiting an executive director and has invited applications to fill the vacancy. Applications are invited for the post until July 25. The appointment of the executive director will be on a deputation or contractual basis for a period of three years, the Securities and Exchange Board of India (Sebi) said in a notice. As per the notice, candidates applying through the contract route are required to have qualifications, such as an MBA, CA, CS, LLB, or a postgraduate degree in economics, finance or another discipline Sebi considers relevant. The candidate applying for the position must have at least 20 years of experience dealing with securities market issues or special knowledge or experience in law, investigation, finance, economics and accountancy, among others. Eligible candidates from government organisations, public sector banks, and financial institutions may apply on deputation by routing their applications through their employer. At present, Sebi has 20 executive directors. Earlier this month,the government invited applications to fill two whole-time member posts at Sebi.Currently, there are four whole-time members (WTMs) -- Kamlesh Chandra Varshney, Amarjeet Singh, Sandip Pradhan and KVR Murty. The Sebi board comprises a chairman, four full-time members and four part-time members. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 29 2026 | 3:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Why are Netweb Technologies shares falling today? First Published: Jun 29 2026 | 2:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Waaree Energies declined 5.55% to Rs 2,842.50 on Monday after a determination by the U.S. Customs and Border Protection (CBP) sparked concerns over the company's exports to the United States. Waaree said the CBP confirmed that the company had fully cooperated throughout the investigation, drew no adverse inference against it and declined the petitioner's request to make an evasion finding covering all of its imports. The company added that the determination is not a final adjudication and that it is evaluating all available legal remedies, including administrative and judicial review. The clarification follows a CBP determination issued on 23 June 2026 in an investigation into the alleged evasion of anti-dumping and countervailing duties. A domestic brokerage said the CBP's observation of a "four-year history of reporting the wrong country of origin" could weigh on Waaree's reputation and potentially impact a significant portion of its Rs 53,000 crore order book. However, the brokerage said the downside appears limited as the CBP confirmed that Waaree had sufficient non-Chinese solar cell production to support its US shipments, did not apply a blanket adverse-inference ruling and restricted its findings to certain historical import entries linked to Vietnam and Malaysia. The brokerage retained its 'Add' rating on the stock with a target price of Rs 3,185. It said the key monitorables include the quantum of any retrospective duties, the outcome of Waaree's administrative or judicial appeal, and any spillover impact from the pending anti-dumping and countervailing duty proceedings covering India-origin solar imports. Waaree reiterated that its US business continues to operate normally and that it remains committed to regulatory compliance, transparency and governance. Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. On a consolidated basis, the company reported a 71.4% YoY jump in net profit to Rs 1,061.10 crore in Q4 FY26, compared with Rs 618.91 crore in the same quarter last year. Revenue from operations surged 111.8% YoY to Rs 8,480.25 crore for the quarter ended 31 March 2026. First Published: Jun 29 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GE Vernova T&D India Ltd is quoting at Rs 4962.5, down 1.6% on the day as on 13:19 IST on the NSE. The stock jumped 110.18% in last one year as compared to a 6.14% slide in NIFTY and a 8.21% spurt in the Nifty Energy index. GE Vernova T&D India Ltd is down for a fifth straight session today. The stock is quoting at Rs 4962.5, down 1.6% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.44% on the day, quoting at 23950.45. The Sensex is at 76719.4, down 0.49%.GE Vernova T&D India Ltd has added around 4.36% in last one month.Meanwhile, Nifty Energy index of which GE Vernova T&D India Ltd is a constituent, has eased around 1.69% in last one month and is currently quoting at 39637, down 0.17% on the day. The volume in the stock stood at 12.33 lakh shares today, compared to the daily average of 9.25 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 5026, down 0.42% on the day. GE Vernova T&D India Ltd jumped 110.18% in last one year as compared to a 6.14% slide in NIFTY and a 8.21% spurt in the Nifty Energy index. The PE of the stock is 100.92 based on TTM earnings ending March 26. First Published: Jun 29 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil & Natural Gas Corpn Ltd is quoting at Rs 232.05, down 0.45% on the day as on 13:19 IST on the NSE. The stock tumbled 4.98% in last one year as compared to a 6.14% slide in NIFTY and a 8.21% spurt in the Nifty Energy index. Oil & Natural Gas Corpn Ltd is down for a fifth straight session today. The stock is quoting at Rs 232.05, down 0.45% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.44% on the day, quoting at 23950.45. The Sensex is at 76719.4, down 0.49%.Oil & Natural Gas Corpn Ltd has lost around 12.2% in last one month.Meanwhile, Nifty Energy index of which Oil & Natural Gas Corpn Ltd is a constituent, has eased around 1.69% in last one month and is currently quoting at 39637, down 0.17% on the day. The volume in the stock stood at 158.41 lakh shares today, compared to the daily average of 144.13 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 232.4, down 0.36% on the day. Oil & Natural Gas Corpn Ltd tumbled 4.98% in last one year as compared to a 6.14% slide in NIFTY and a 8.21% spurt in the Nifty Energy index. The PE of the stock is 8.92 based on TTM earnings ending March 26. First Published: Jun 29 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aegis Logistics Ltd is quoting at Rs 1171, up 2.66% on the day as on 12:49 IST on the NSE. The stock is up 50.94% in last one year as compared to a 6.16% jump in NIFTY and a 8.08% jump in the Nifty Energy index. Aegis Logistics Ltd is up for a third straight session today. The stock is quoting at Rs 1171, up 2.66% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.46% on the day, quoting at 23945.55. The Sensex is at 76702.43, down 0.52%. Aegis Logistics Ltd has gained around 51.24% in last one month. Meanwhile, Nifty Energy index of which Aegis Logistics Ltd is a constituent, has gained around 1.81% in last one month and is currently quoting at 39637, down 0.28% on the day. The volume in the stock stood at 41.13 lakh shares today, compared to the daily average of 57.56 lakh shares in last one month. The PE of the stock is 42.43 based on TTM earnings ending March 26. First Published: Jun 29 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cipla Ltd is quoting at Rs 1476.6, up 2.53% on the day as on 12:44 IST on the NSE. The stock is down 1.95% in last one year as compared to a 6.16% drop in NIFTY and a 14.71% drop in the Nifty Pharma. Cipla Ltd gained for a fifth straight session today. The stock is quoting at Rs 1476.6, up 2.53% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.46% on the day, quoting at 23944.45. The Sensex is at 76716.34, down 0.5%. Cipla Ltd has risen around 6.21% in last one month. Meanwhile, Nifty Pharma index of which Cipla Ltd is a constituent, has risen around 4.4% in last one month and is currently quoting at 24969.5, up 1.25% on the day. The volume in the stock stood at 20.59 lakh shares today, compared to the daily average of 15.8 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1472.9, up 2.22% on the day. Cipla Ltd is down 1.95% in last one year as compared to a 6.16% drop in NIFTY and a 14.71% drop in the Nifty Pharma index. The PE of the stock is 33.8 based on TTM earnings ending March 26. First Published: Jun 29 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 2:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oberoi Realty today announced the launch of Three Sixty North, an ultra-luxury development spread across 14.8 acres and located on Golf Course Extension Road, Sector 58, Gurugram. Drawing inspiration from Three Sixty West in Mumbai, Three Sixty North personifies Oberoi Realty's vision for the future of ultra-luxury living. The project brings together refined architecture, design-led expansive homes, and lifestyle experiences. Located on one of Gurugram's most established luxury residential corridors, the development has been envisioned to create a new landmark that adorns the skyline of the National Capital Region. The master-planned development will eventually comprise of seven residential towers, landscape gardens, a state-of-the-art clubhouse and a wide range of thoughtfully curated amenities. Phase 1 of the launch will offer expansive residences, comprising 3 BHK + Studio, 4 BHK + Studio, Duplex and Penthouse configurations. These residences will range from approximately 5,500 sq. ft. to over 13,000 sq. ft. in saleable area, with prices starting from Rs. 18+ crore onwards, plus applicable taxes. First Published: Jun 29 2026 | 2:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To procure 3 GWh of Lithium Iron Phosphate (LFP) battery cells and related accessories Lineage Power, the material subsidiary of Pace Digitek, has entered into a Master Supply Agreement (MSA) with Guangzhou Rongjie Energy Technology Co., (RJE Tech), a leading Chinese manufacturer of lithium-ion battery cells. Under the agreement, Rongjie Energy Tech will supply 3 GWh of Lithium Iron Phosphate (LFP) battery cells and related accessories to Lineage Power. The agreement represents a significant step in strengthening the Company's battery cell sourcing framework and supports its expanding Battery Energy Storage System (BESS) manufacturing platform and execution capabilities across utility-scale and commercial & industrial (C&I) applications. Commenting on the development, Venugopal Rao Maddisetty, Chairman & Managing Director, Pace Digitek Limited, said: "Securing a reliable long-term supply of high-quality battery cells is fundamental to building a scalable and resilient Battery BESS platform. This agreement with Rongjie Energy Tech strengthens our manufacturing ecosystem, enhances supply chain visibility and reinforces our ability to execute utility scale and C&I BESS projects with greater confidence. Following a comprehensive technical and commercial evaluation, we found Rongjie Energy Tech's manufacturing capabilities, product quality and technology roadmap to be well aligned with our long term growth strategy." First Published: Jun 29 2026 | 2:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To modernize its production-to-dispatch operations Mastek announced its partnership with Yanbu Cement Company (YCC), one of Saudi Arabia's leading cement manufacturers, to modernise and digitally transform YCC's production, sales, and dispatch operations through Industrial IoT, intelligent automation, and integrated enterprise platforms. Aligned with Saudi Arabia's Vision 2030 and the Industry 4.0 agenda, the company set out to modernise its production-to-dispatch operations with a clear focus on scalability, agility, and real-time visibility, while reducing manual dependency across the value chain. Operating one of the largest cement plants with over 10 million tonnes cement dispatch and approximately 220,000 truck movements annually, YCC required a scalable, integrated digital foundation to improve efficiency, governance, and customer experience. Mastek collaborated with YCC to reengineer these mission critical workloads under its Connected Enterprise Services framework, converging IT and operational technology to enable end-to-end automation and transparency. The solution integrated Oracle Fusion Cloud ERP with IoT enabled weighbridges, automated gate systems, GPS driven transit tracking, and a unified dashboard, enabling real time visibility from order creation through delivery completion. First Published: Jun 29 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Jun 29 2026 | 2:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Commercial vehicle maker Tata Motors has secured the majority of regulatory approvals for the Iveco acquisition, and the transaction is expected to be completed by the second quarter of this fiscal, Chairman N Chandrasekaran said on Monday. Addressing shareholders at the company's second Annual General Meeting here, he said the deal is a significant strategic step in advancing Tata Motors' global ambition. In July 2025, Tata Motors announced the acquisition of Italian commercial vehicle maker Iveco Group, excluding its defence business, for euro 3.8 billion. "A transaction of this scale, spanning multiple geographies, requires a series of mandatory regulatory approvals," Chandrasekaran said at the AGM. Tata Motors has secured the majority of these approvals and is progressing well on the remaining few, he said, adding that "We look forward to completing the transaction by Q2 FY27." Chandrasekaran said the Iveco acquisition will enable the company to access advanced powertrain and next-generation technologies and strengthen its long-term innovation pipeline. Besides, it would also complement and extend the established presence of Tata Motors' commercial vehicles' enhanced product capabilities across geographies. The proposed acquisition would also enable the company to serve diverse markets with greater competitiveness and agility in line with evolving mobility needs, he said. "Together, we will optimise, scale and grow to be ranked amongst the top four commercial vehicles entities, globally," Chandrasekaran said. Stating that Tata Motors' progression is anchored in a deliberate strategy to diversify, de-risk, and drive profitable growth, he said, "Our approach has been that every business should define its strategy for the 'right to win' and "execute with discipline." Beyond its core vehicle segments, the company is now seeing good momentum across emerging and non-cyclical businesses to ensure resilience through market cycles and deliver more consistent performance, he said. Tata Motors' subsidiary, TML Smart City Mobility Solutions, scaled meaningfully with over 3,800 electric buses deployed across 10 cities, he said. "Our international business too recorded a strong growth of 53.9 per cent, driven by deeper market penetration and key order wins," Chandrasekaran said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 29 2026 | 1:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Eternal (parent company of Zomato) stock outlook: Bajaj Broking flags strong chart set-up, sees ?290 upside target. First Published: Jun 29 2026 | 1:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Healthcare soared 12.98% to Rs 345 after the company said that Subject Expert Committee (SEC) of Central Drugs Standard Control Organisation (CDSCO) has recommended for grant of approval for manufacturing and marketing of Cenobamate Tablets. Cenobamate is a next-generation antiseizure medication indicated for the treatment of partial-onset seizures in adults. Clinical studies have demonstrated significant seizure reduction and high seizure freedom rates in patients with inadequately controlled epilepsy, positioning the drug as an important advancement in epilepsy treatment. Commenting on the development, Anil Jain, managing director of Bajaj Healthcare, said the SEC recommendation marks a significant regulatory milestone and reflects the company's progress in developing Cenobamate tablets. He added that Bajaj Healthcare will continue to work with regulatory authorities to secure the necessary approvals for commercialisation while strengthening its presence in the specialty pharmaceuticals and central nervous system (CNS) therapies segment. Bajaj Healthcare specializes in manufacturing intermediates, API, formulations & Nutraceuticals. The Company has state-of-art manufacturing facilities of APIs, intermediates and formulations. These facilities are designed to meet the requirements of both advanced as well as emerging market opportunities. BHL has a strong presence globally in countries like Europe, USA, Australia, Middle East and South America. The company reported a standalone net loss of Rs 22.85 crore in Q4 FY26, compared with a net profit of Rs 11.17 crore posted in Q4 FY25. Revenue from operations shed 0.91% YoY to Rs 153.05 crore in Q4 FY26, compared with Rs 154.47 crore in the corresponding quarter last year. First Published: Jun 29 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 29 2026 | 1:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales slow, luxury grows: India's housing market undergoes a premium shift First Published: Jun 29 2026 | 12:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Further, as per terms and conditions of issue of warrants, the upfront amount of 25% of issue price paid by allottee, w.r.t. 16,00,000 equity convertible warrants have been forfeited by the company due to non exercise of warrants /non-receipt of 75% of subscription amount within the warrants exercise period i.e. within 18 months from date of allotment. i.e. 26 December 2024. Consequent to the above conversion of 2,00,000 equity convertible warrants into equal number of equity shares and forfeiture of 16,00,000 equity convertible warrant, there shall be no warrants remaining pending for conversion, which were allotted on 26 December 2024. Post allotment, the paid up equity share capital has increased to Rs 73,92,55,670/- consisting of 7,39,25,567 fully paid-up equity shares of Rs 10/- each. First Published: Jun 29 2026 | 12:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To invest Rs 6,200 cr to develop 19 hotels over next 4-5 years The hospitality developments will be integrated with Omaxe's existing ecosystem of townships, mixed-use developments, commercial destinations and urban infrastructure projects. Of the 19 hotels, 12 will be developed in Uttar Pradesh, including two in Ayodhya, three in Lucknow, one each in Prayagraj, Ghaziabad and Gorakhpur, two in Kaushambi and two in Vrindavan. Omaxe will also develop one hotel each in New Delhi, Faridabad and Ujjain, along with four hotels across Chandigarh, Amritsar and Ludhiana, including two properties in Chandigarh. In total, Omaxe will have a presence across 13 cities in five states over the next 4-5 years. Among the key projects is a 158-key Gateway Hotel by IHCL at The Omaxe State, the company's 50.4 acre integrated destination in Dwarka, New Delhi, which is being developed under a Public-Private Partnership (PPP) model with the Delhi Development Authority (DDA). Omaxe will also develop transit-oriented hospitality infrastructure in Uttar Pradesh through its PPP projects with the Uttar Pradesh State Road Transport Corporation (UPSRTC). This expansion will strengthen Omaxe's recurring revenue portfolio by creating hospitality destinations that complement its existing developments. The investment is proposed to be deployed in phases over the next 4-5 years. Based on the current business assumptions and subject to project execution, occupancy levels, market conditions, regulatory approvals and other relevant factors, the hospitality business has the potential to generate approximately Rs. 1,000 crore in annual revenue upon stabilization. First Published: Jun 29 2026 | 12:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 12:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to reports, the Bengaluru-based company has applied to the Securities and Exchange Board of India (SEBI) for a Category-I merchant banking licence. The application was filed in April and is awaiting regulatory approval. If approved, the licence will allow Zerodha to manage initial public offerings (IPOs), advise companies on raising capital, and provide merchant banking services such as issue management and corporate advisory. The move marks another step in Zerodha's expansion beyond its core broking business. Over the years, the company has diversified into mutual funds, wealth management, asset management, lending, startup investments through Rainmatter and international investing. A merchant banking licence would position Zerodha to offer a broader suite of capital market services and compete for IPO and fundraising mandates as India's primary market remains active. The move could also intensify competition in the merchant banking industry, which is dominated by established players. The company has confirmed to the media that it has applied for the licence but has not disclosed further details about its plans. First Published: Jun 29 2026 | 12:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Omaxe zoomed 16.07% to Rs 88 after announcing its entry into the hospitality segment with plans to develop 19 hotels across five states over the next 4-5 years. The company said it will invest approximately Rs 6,200 crore in phases to build around 5 million sq ft of hospitality assets across 13 cities, including key locations in Uttar Pradesh, Delhi, Haryana, Madhya Pradesh, and Punjab. Of the planned hotels, 12 will be developed in Uttar Pradesh, including properties in Ayodhya, Lucknow, Prayagraj, Ghaziabad, Gorakhpur, Kaushambi and Vrindavan. Additional projects are planned in New Delhi, Faridabad, Ujjain, Chandigarh, Amritsar and Ludhiana. Among the key developments is a 158-key Gateway Hotel by IHCL at The Omaxe State in Dwarka, New Delhi, being developed under a PPP model with the Delhi Development Authority. The company will also undertake transit-oriented hospitality projects in Uttar Pradesh in partnership with the state transport corporation. Omaxe said the expansion will strengthen its recurring income portfolio and target demand from business travel, leisure tourism, MICE activities, destination weddings and religious tourism. The company is in advanced discussions with hospitality operators for branding and management partnerships. Omaxe are mainly into the business of developing real estate properties for residential, commercial and retail purposes. The company reported consolidated net loss of Rs 191.30 crore in Q4 FY26 as against net loss of Rs 148.32 crore in Q4 FY25. Revenue from operations declined 35.6% year on year to Rs 348.52 crore in Q4 FY26. First Published: Jun 29 2026 | 12:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Trent stock has outperformed with a 17% gain in the last month. (Bloomberg) First Published: Jun 29 2026 | 12:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Optiemus Electronics (OEL), a wholly owned subsidiary of Optiemus Infracom, has started a strategic manufacturing partnership with Quectel IoT Technologies (Quectel), a global provider of IoT and wireless communication technologies, to locally manufacture advanced wireless communication modules in India. The arrangement marks an important step in strengthening India's electronics manufacturing ecosystem and meeting the growing demand for reliable, high quality connectivity solutions across industries. Under this partnership, OEL will manufacture Quectel's portfolio of automotive, 5G, 4G, Cat-1 and other cellular modules at its state-of-the-art manufacturing facilities in Noida, Uttar Pradesh. These modules will support applications across IoT, automotive, telecom, energy, smart mobility, industrial automation, telematics, and smart infrastructure. Quectel's modules play a critical role in powering connected solutions used in vehicles, industrial systems, energy management, smart cities, and advanced telecom networks. Through this partnership with OEL, Quectel aims to deepen its presence in the Indian market while ensuring world-class manufacturing standards, consistent quality, and scalable production. First Published: Jun 29 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hexaware Technologies surged 7.02% to Rs 529.60 after the company became an Anthropic Authorized Reseller for Amazon Bedrock. Hexaware said Claude is designed for enterprise use, with a focus on safety and reliability. The AI model is suited for applications in financial services, healthcare, transportation, manufacturing and retail. Siddharth Dhar, President and Global Head - Digital IT Operations & AI, said the authorization reflects the company's AI capabilities and the trust placed in it by clients. He added that Hexaware's engineering expertise and global delivery network would help enterprises deploy Claude-based solutions at scale. The company said customers will benefit from direct access to Claude models, end-to-end AI implementation, responsible AI governance, customized deployments, unified commercial engagement and SLA-backed support. Hexaware plans to deploy Claude-powered solutions across intelligent document processing, automated compliance, customer service, clinical data summarization, supply chain intelligence and AI-assisted software engineering. The company has also set up a dedicated AI Centre of Excellence to support AI strategy, architecture and implementation across its global delivery network. Hexaware is a global technology and business process services company. On a consolidated basis, the company's net profit rose 7.46% to Rs 351.60 crore on 12.63% increase in net sales to Rs 3,613 crore in Q1 March 2026 over Q1 March 2025. First Published: Jun 29 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Healthcare Ltd, Prakash Pipes Ltd, Gujarat Natural Resources Ltd and Krishival Foods Ltd Partly Paidup are among the other gainers in the BSE's 'B' group today, 29 June 2026. Bajaj Healthcare Ltd, Prakash Pipes Ltd, Gujarat Natural Resources Ltd and Krishival Foods Ltd Partly Paidup are among the other gainers in the BSE's 'B' group today, 29 June 2026. Omaxe Ltd spiked 17.09% to Rs 90.79 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 2.11 lakh shares were traded on the counter so far as against the average daily volumes of 21606 shares in the past one month. Bajaj Healthcare Ltd surged 14.65% to Rs 350.25. The stock was the second biggest gainer in 'B' group. On the BSE, 4.41 lakh shares were traded on the counter so far as against the average daily volumes of 11670 shares in the past one month. Prakash Pipes Ltd soared 13.88% to Rs 299. The stock was the third biggest gainer in 'B' group. On the BSE, 61195 shares were traded on the counter so far as against the average daily volumes of 12032 shares in the past one month. Gujarat Natural Resources Ltd rose 13.24% to Rs 115.1. The stock was the fourth biggest gainer in 'B' group. On the BSE, 13.52 lakh shares were traded on the counter so far as against the average daily volumes of 40475 shares in the past one month. Krishival Foods Ltd Partly Paidup exploded 13.12% to Rs 169.9. The stock was the fifth biggest gainer in 'B' group. On the BSE, 10 shares were traded on the counter so far as against the average daily volumes of 2589 shares in the past one month. First Published: Jun 29 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
VIP Industries (VIP) slipped 1.68% to Rs 306.95 after Crisil Ratings downgraded its rating on the long-term bank facility of the company to 'Crisil A-/Negative' from 'Crisil A/Negative'. The agency has, however, reaffirmed its rating on the short-term bank facilities and commercial paper programme of the company at 'Crisil A2+. Crisil Ratings stated that the rating action factors in higher-than-anticipated decline in the companys operating performance in fiscal 2026 and the expectation that it will remain below earlier estimates over the near term. VIP is likely to continue reporting net losses in fiscal 2027, which will constrain the financial risk profile and impact key debt metrics. The company is undergoing a transition with Multiples Alternate Asset Management (Multiples) acquiring 31.9% stake and assuming management control in December 2025. Revenue growth is expected to remain modest in fiscal 2027 (mid-single digits) before improving to 1213% compound annual growth rate (CAGR) over the medium term, supported by new product launches and initiatives to strengthen channel presence. Operating profitability is expected to recover gradually, aided by cost rationalisation measures, including supply chain optimisation, value engineering, scale-based sourcing and improved retail network efficiency. While these measures should support margin recovery and reduce net losses, the pace of profitability improvement remains a key rating sensitivity. Debt protection metrics are expected to stay constrained in the near to medium term due to modest profitability. Crisil Ratings expects debt to rise over the medium term to support working capital needs and capital expenditure (capex) for expansion and maintenance. Liquidity remains adequate, supported by unencumbered cash of Rs 116 crore and absence of long-term debt obligation. Multiples, along with co-investors, acquired 31.89% stake in VIP through a two-tranche transaction at Rs 388 per share, completed between September and December 2025. Crisil Ratings will monitor the companys strategy and financial policy under the new management with expectations of timely promoter support, if required. The ratings continue to reflect VIPs established brand in the luggage segment, supported by a diversified product and revenue profile, and potential support from new promoters. These strengths are partly offset by weak profitability due to intense competition from organised and unorganised players, modest financial risk profile and high working capital intensity. VIP manufactures hard luggage in India and markets hard and soft luggage sourced from India, China and its Bangladesh subsidiaries. VIP is one of largest players in the luggage industry in India. The companys consolidated net loss widened to Rs 128.90 crore in Q4 FY26 from net loss of Rs 27.36 crore reported in Q4 FY25. Revenue from operations declined 11.7% year on year (YoY) to Rs 436.23 crore in the quarter ended 31 March 2026. First Published: Jun 29 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jefferies sees premium tailwind intact in alcobev; prefers Radico, ABDL First Published: Jun 29 2026 | 12:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As per the Anarock data, the housing sales in Delhi-NCR declined 6 per cent to 13,365 units in April-June from 14,255 units in the year-ago period Housing sales fell 6 per cent in April-June to 90,715 units across seven major cities on subdued demand amid economic uncertainties and also rising home prices, according to Anarock data released on Monday. As many as 96,285 units were sold in the year-ago period across the top seven cities -- Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune, Bengaluru, Hyderabad, Chennai and Kolkata. These seven cities saw an average price appreciation of 7 per cent during the current quarter as against the same period of 2025. Interestingly, real estate consultant Anarock's sales data for April-June quarter is in complete contrast to a latest report by listed entity PropEquity, which mentioned a 19 per cent growth in sales of residential properties at 1,12,458 units in the current quarter. Commenting on its data, Anarock Chairman Anuj Puri said, "These readings are along expected lines, as the Middle East war's impacts on the entire sector were all too obvious." He pointed out that the "Middle East war's disruptions and, inevitably, AI-related uncertainties in the IT/ITeS sector have pushed more buyers onto the fence." Check your home loan: Home Loan Calculator Puri noted that the housing demand growth is now concentrated in premium housing, GCC-led employment hubs, and infrastructure-driven corridors. As per the Anarock data, the housing sales in Delhi-NCR declined 6 per cent to 13,365 units in April-June from 14,255 units in the year-ago period. In the MMR, the sales fell 8 per cent to 28,710 units from 31,275 units during the period under review. Housing sales in Pune dipped 15 per cent to 13,090 units from 15,410 Units. Chennai saw a 9 per cent decrease in sales to 5,135 units from 5,660 units. However, the sales grew in the remaining three cities. In Bengaluru, the sales rose 1 per cent to 15,285 units from 15,120 units. Hyderabad too witnessed a 2 per cent growth in sales to 11,270 units from 11,040 units. Lastly, the housing sales in Kolkata increased 10 per cent to 3,860 units in April-June 2026 from 3,525 units in the year-ago period. New launches of housing properties:- As per the Anarock data, the fresh supply or launches of residential properties rose 7 per cent to 1,06,000 units during April-June this year across these seven cities from 98,625 units in the year-ago period. Price appreciation of housing properties:- The consultant mentioned that the average housing prices rose 7 per cent annually across these seven cities during the second quarter of this calendar year. Among cities, the Delhi-NCR market saw the highest price appreciation during April-June at 13 per cent annually. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 29 2026 | 12:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Om Power Transmission rose 4.42% to Rs 189.95 after the company has secured a Letter of Award from SAEL Industries for the supply, erection, stringing, testing, and commissioning of a single-circuit 220 kV transmission line, valued at Rs 18.50 crore. The company further clarified that the transaction does not qualify as a related-party transaction and that neither its promoters nor promoter group entities have any interest in the contract. The official announcement was made on Thursday, 25 June 2026, after market hours. With over 14 years of experience, Om Power Transmission operates as an engineering, procurement, and construction (EPC) company focused on power transmission infrastructure. On the financial front, the company reported a 36.48% year-on-year increase in standalone net profit to Rs 16.65 crore for the quarter ended March 2026, compared with Rs 12.20 crore in the corresponding quarter of the previous year. Revenue from operations rose 67.20% to Rs 174.62 crore from Rs 104.44 crore during the same period. First Published: Jun 29 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Premier Explosives Ltd, Hexaware Technologies Ltd, AvenuesAI Ltd and Thangamayil Jewellery Ltd are among the other gainers in the BSE's 'A' group today, 29 June 2026. Premier Explosives Ltd, Hexaware Technologies Ltd, AvenuesAI Ltd and Thangamayil Jewellery Ltd are among the other gainers in the BSE's 'A' group today, 29 June 2026. Zydus Wellness Ltd surged 7.53% to Rs 555 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.66 lakh shares were traded on the counter so far as against the average daily volumes of 33017 shares in the past one month. Premier Explosives Ltd spiked 6.96% to Rs 791. The stock was the second biggest gainer in 'A' group. On the BSE, 45038 shares were traded on the counter so far as against the average daily volumes of 64338 shares in the past one month. Hexaware Technologies Ltd soared 6.82% to Rs 528.3. The stock was the third biggest gainer in 'A' group. On the BSE, 3.16 lakh shares were traded on the counter so far as against the average daily volumes of 2.66 lakh shares in the past one month. AvenuesAI Ltd advanced 5.73% to Rs 16.98. The stock was the fourth biggest gainer in 'A' group. On the BSE, 10.48 lakh shares were traded on the counter so far as against the average daily volumes of 10.57 lakh shares in the past one month. Thangamayil Jewellery Ltd rose 5.17% to Rs 5889.65. The stock was the fifth biggest gainer in 'A' group. On the BSE, 18760 shares were traded on the counter so far as against the average daily volumes of 11823 shares in the past one month. First Published: Jun 29 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To launch pilot programme for responsible used-oil management Tata Motors and Castrol India have signed a memorandum of understanding (MoU) to jointly launch a pilot programme for used oil circularity ecosystem. Under this MoU, the two companies will build a traceable system for collecting, storing and channelising used engine oil from Tata Motors' authorised service network in Karnataka. The pilot addresses a long-standing gap in the responsible management of used oil, a material classified as hazardous waste. First Published: Jun 29 2026 | 12:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 11:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Power Finance Corporation (PFC) declined 1.75% to Rs 425.10, while REC edged up 0.08% to Rs 364.95 after the boards of both state-owned lenders approved their long-awaited merger scheme. The proposed merger will create India's largest power sector financing institution with a combined loan book of more than Rs 11 lakh crore. PFC currently holds a 52.63% stake in REC, while the Government of India owns a 55.99% stake in PFC. The merger remains subject to approvals from shareholders, stock exchanges, the Securities and Exchange Board of India (SEBI), the National Company Law Tribunal (NCLT) and other statutory authorities. The record date for determining eligible shareholders has not yet been announced. Analysts said the merger strengthens the long-term outlook for the combined entity by creating a larger financing platform for India's expanding power sector. Power Finance Corporation is a Schedule-A Maharatna CPSE, and is a leading non-banking financial corporation in the country. REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). First Published: Jun 29 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Welspun Corp Ltd saw volume of 5.58 lakh shares by 10:46 IST on BSE, a 25.29 fold spurt over two-week average daily volume of 22053 shares LIC Housing Finance Ltd, Allied Blenders & Distillers Ltd, Concord Biotech Ltd, Indus Towers Ltd are among the other stocks to see a surge in volumes on BSE today, 29 June 2026. Welspun Corp Ltd saw volume of 5.58 lakh shares by 10:46 IST on BSE, a 25.29 fold spurt over two-week average daily volume of 22053 shares. The stock increased 1.23% to Rs.1,473.40. Volumes stood at 29052 shares in the last session. LIC Housing Finance Ltd registered volume of 3.1 lakh shares by 10:46 IST on BSE, a 9.06 fold spurt over two-week average daily volume of 34220 shares. The stock slipped 0.17% to Rs.548.85. Volumes stood at 48833 shares in the last session. Allied Blenders & Distillers Ltd registered volume of 1.85 lakh shares by 10:46 IST on BSE, a 6.64 fold spurt over two-week average daily volume of 27824 shares. The stock rose 4.36% to Rs.649.25. Volumes stood at 9738 shares in the last session. Concord Biotech Ltd recorded volume of 90347 shares by 10:46 IST on BSE, a 6.2 times surge over two-week average daily volume of 14565 shares. The stock lost 0.19% to Rs.1,281.60. Volumes stood at 8034 shares in the last session. Indus Towers Ltd witnessed volume of 4.14 lakh shares by 10:46 IST on BSE, a 5.57 times surge over two-week average daily volume of 74378 shares. The stock dropped 1.02% to Rs.389.00. Volumes stood at 1.13 lakh shares in the last session. First Published: Jun 29 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 11:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 11:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The S&P 500 ended flat while AI stocks, led by Micron and Qualcomm, rallied. Apple fell after raising product prices, as easing Treasury yields and inflation data kept markets cautious. The S&P 500 finished nearly unchanged with a dip of less than 0.1% after swinging between gains and losses throughout the day. The Dow Jones Industrial Average added 71 points 0.1% and the Nasdaq composite fell 0.5%. A report mentioned a measure of inflation hitting U.S. consumers accelerated to 4.1% last month from 3.8% in April but the hope is that inflation is set to ease because of a drop-off in oil prices. The price for a barrel of Brent crude oil, the international standard, rose 2.2% to $75.50 Thursday but its still well off its highs above $100 caused by the closure of the Strait of Hormuz because of the war which slowed the global flow of oil. Earlier Thursday, it dropped near its roughly $72 price from before the war. Micron Technology helped lead the market after jumping 15.7%. Micron and AI stocks broadly have been under pressure recently because of worries that their profits cant possibly keep pace with the tremendous rallies for their stock prices. Qualcomm said late Wednesday that the acceleration of the AI era is forcing it to upgrade forecasts for its own growth in upcoming years. Theyre the latest signals of the deluge of dollars heading into AI data centers and other investments. Qualcomm expects its revenue outside of handsets including data centers, to hit $40 billion in its fiscal year of 2029, roughly double its prior target. Qualcomms stock rose 3.8%. Apple raised prices for many of its products, including increases of 15% to 20% for Mac computers. Mac computers slumped 6.1%. SpaceX fell 1% to drop below $153 for its lowest finish since its ballyhooed debut on the Nasdaq earlier this month. In stock markets abroad, South Koreas Kospi jumped 5.4% after its own AI winners shot higher, including a 13.1% surge for SK Hynix. Treasury yields eased to lessen the pressure on stocks and other investment prices. They regressed after a report showed inflation is behaving pretty much as economists expected. That helped the yield on the 10-year Treasury slip to 4.39% from 4.41% late Wednesday and from 4.56% earlier this month. First Published: Jun 29 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 11:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
DCX Systems jumped 3.63% to Rs 198.55 after the company announced that it has secured purchase orders worth Rs 435.85 crore in the normal course of business. Separately, its wholly owned subsidiary, Raneal Advanced Systems, received domestic and export orders worth Rs 4.02 crore for the manufacture and supply of printed circuit board assemblies. DCX Systems is one of the leading Indian defense manufacturing players, offering a full service and manufacturing electronic systems and cable harnesses for both international and domestic reputed customers. The company reported a consolidated net loss of Rs 0.30 crore in Q4 FY26 as against a net profit of Rs 20.70 crore in Q4 FY25. Revenue from operations declined 62.31% year-on-year to Rs 207.27 crore in Q4 FY26. First Published: Jun 29 2026 | 10:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 10:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 178.16 crore shares as against 83.79 lakh shares on offer. The non-institutional investors (NII) category was subscribed 553.65 times, the qualified institutional buyers (QIBs) portion was subscribed 174.98 times and the retail individual investors category was subscribed 95.30 times. The issue opened for bidding on 23 June 2026 and it closed on 25 June 2026. The price band of the IPO is fixed between Rs 130 and 138 per share. The IPO comprised a fresh issue of 1,19,68,000 equity shares aggregating up to Rs 165.16 crore. The objectives of the fresh issue included Rs 65 crore for funding working capital requirements, Rs 65 crore for repayment/prepayment of certain outstanding borrowings, and the remaining amount for general corporate purposes. The promoters were Nitin Gilara, Prateek Gilara, Vipul Gilara and Krishna Vardhan Gilara. The promoters and promoter group held an aggregate of 3,20,10,000 equity shares, representing 94.59% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding stood at around 69.88%. Advit Jewels is a Jaipur-based jewellery manufacturer and retailer engaged in designing and crafting handcrafted fine jewellery under the 'Rambhajo' brand. The company specializes in Kundan, Polki, diamond and studded jewellery, offering a diverse range of products including necklaces, earrings, rings, bangles and customized jewellery. It primarily operates on a B2B model, supplying products to dealers, showrooms and retailers across India, while also catering to select B2C customers through made-to-order offerings. With an integrated manufacturing facility in Jaipur and a presence across nearly 18 states, the company combines traditional craftsmanship with modern production techniques. Advit Jewels plans to expand its footprint through a franchise-led retail model, a flagship stores in Jaipur and enhanced digital sales channels. Ahead of the IPO, Advit Jewels on Monday, 22 June 2026, raised Rs 49.52 crore from anchor investors. The board allotted 35.88 lakh shares at Rs 138 each to 4 anchor investors. The firm reported a consolidated net profit of Rs 25.44 crore and sales of Rs 123.79 crore for the nine months ended on 31 March 2026. First Published: Jun 29 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Turtlemint Fintech Solutions were currently trading at Rs 137.50 at 10:05 IST on the BSE, representing a disount of 9.54% as compared with the issue price of Rs 152. So far, the stock has hit a high of Rs 141.50 and a low of Rs 132.15. On the BSE, over 2.95 lakh shares of the company were traded in the counter so far. The initial public offer of Turtlemint Fintech Solutions received bids for 3,95,47,704 shares as against 3,29,01,878 shares on offer. The issue was subscribed 1.20 times. The issue opened for bidding on 19 June 2026 and it closed on 23 June 2026. The price band of the IPO was fixed between Rs 144 and 152 per share. The initial public offer (IPO) consist of fresh issue to raise Rs 660.72 crore through issuance of 4.59 crore equity shares at the lower band of Rs 144 per share (face value Rs 1 per share) and 4.35 crore equity shares at the upper band of Rs 152 per share. The IPO also comprised of offer for sales (OFS) of 1.46 crore equity shares to raise Rs 210.27-221.95 crore. The promoters, Anand Rohidas Prabhudesai is selling 0.21 crore equity shares and Dhirendra Nalin Mahyavanshi is selling 0.22 crore equity shares through OFS. The promoter shareholding in the company will decline to 13.21% post- IPO from 17.22% pre-IPO. Turtlemint proposes to utilize the net proceeds of IPO towards, expenditure towards cloud and server related infrastructure (Rs 25.643 crore), salary expenditure towards the technology and product development teams (Rs 193.036 crore), expenditure towards marketing initiatives (Rs 39.073 crore), expenditure towards lease payments for existing properties (Rs 43.076 crore), Investment in wholly owned Subsidiary, TIB, for funding its working capital requirements (Rs 128.642 crore) and funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes. Ahead of the IPO, Turtlemint Fintech Solutions on Thursday, 18 June 2026, raised Rs 397.20 crore from anchor investors. The board allotted 2.61 crore shares at Rs 152 each to 32 anchor investors. Turtlemint Fintech Solutions incorporated in 2015 is a tech-enabled insurance distribution platform that connects customers, insurance advisors (digital partners) and insurers. Turtlemint operates the point-of-sale person (PoSP) distribution model with the largest certified PoSP network among the Peer Group as of December 2025. A proprietary technology platform comprises of six integrated components - Turtlemint Pro app, Turtlemint Academy, Ninja SalesPro app, Insurance Hub and Integration Studio, Turtlefin and Turtlemint Consumer app. Turtlemint Pro, a mobile and web-based application empowering digital partners to sell insurance products was launched in FY2018. The platform premium has jumped 33.63% from Rs 1,969.26 crore in 9MFY2025 to Rs 2,631.57 crore in 9MFY2026. The firm reported a consolidated net loss of Rs 187.39 crore and income from operations of Rs 741.07 crore for the nine months ended on 31 December 2025. First Published: Jun 29 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lupin rose 2.21% to Rs 2,393.80 after it has received tentative approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Enzalutamide Tablets in strengths of 40 mg, 80 mg, 120 mg, and 160 mg. The approval covers the 40 mg and 80 mg tablets as bioequivalent to Astellas' reference listed drug (RLD), Xtandi, for the approved indication. While Xtandi is currently marketed in 40 mg and 80 mg strengths, Lupin's tentatively approved 120 mg and 160 mg tablets are expected to provide healthcare providers and patients with additional dosing flexibility. Enzalutamide is indicated for the treatment of certain types of prostate cancer. Lupin is a global pharmaceutical company focused on branded and generic formulations, complex generics, biotechnology products, and active pharmaceutical ingredients across multiple therapeutic segments. The companys consolidated profit after tax stood at Rs 1,468.70 crore in Q4 FY26, up 87.72% from Rs 782.40 crore in Q4 FY25. Net sales rose 32.9% to Rs 7391.91 crore in Q4 FY26 from Rs 5562.2 crore in Q4 FY25. First Published: Jun 29 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Refex Industries advanced 2.36% to Rs 356.30 after the company announced that it has secured an order worth approximately Rs 21.15 crore from a major power producer, a Maharatna Central Public Sector Enterprise (CPSE). The order is scheduled to be executed over a period of 12 months. The company said the contract has been awarded by a domestic entity and does not involve any related-party transaction. Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions. The company reported consolidated net profit surged 87.96% to Rs 90.82 crore on a 57.14% rise in revenue from operations to Rs 934.17 crore in Q4 FY26 over Q4 FY25. First Published: Jun 29 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On Thursday, the rupee settled at 94.45 against the US dollar The rupee appreciated 20 paise to 94.25 against the US dollar in early trade on Monday supported by easing crude oil prices, even as a firm US dollar and tepid investor risk appetite weighed on sentiments. Forex traders said the rupee opened on a positive note with oil prices remaining supportive and foreign inflows improving. The overall bias remains positive for the rupee, they said, adding that the immediate hurdle remains the US dollar, which continues to hold firm near a 13-month high. At the interbank foreign exchange market the rupee opened at 94.36, then gained momentum and touched 94.25, registering a gain of 20 paise from its previous low. On Thursday, the rupee settled at 94.45 against the US dollar. Indian stock, currency, and commodities markets were shut on Friday on account of Muharram. "The rupee may remain under pressure amid a firm US dollar and the risk of a rebound in crude oil prices, though bond inflows could offer some support. Technically, 93.5094.10 is a strong support zone, while a breakout above 94.80 could open the way towards 95.3095.50," said CR Forex Advisors MD - Amit Pabari. Meanwhile, India's forex reserves increased by USD 963 million to USD 672.587 billion during the week ended June 19, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped by USD 9.985 billion to USD 671.625 billion. According to Pabari, a steady gain in India's forex reserves shows the Reserve Bank is rebuilding its buffer after months of heavy dollar selling. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 101.37, up 0.02 per cent. Brent crude, the global oil benchmark, was trading higher by 0.72 per cent at $72.51 per barrel in futures trade. "Brent crude has slipped to around USD 72 per barrel, its lowest in four months, after falling more than 10 per cent in just one week. Tankers are moving freely through the Strait of Hormuz again, and Gulf supply is returning to normal. For a country that imports most of its crude, this means a lighter import bill and softer dollar demand," Pabari said. On the domestic equity market front, Sensex declined 63.65 points to 77,047.63 in early trade, Nifty was marginally up by 16.55 points to 24,070.20. Foreign institutional investors purchased equities worth Rs 383.76 crore on a net basis on Thursday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 29 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Persistent Systems stock hit a 52-week low at ?4,404 in Monday's trade. First Published: Jun 29 2026 | 10:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee appreciated in opening trades on Monday as a temporary pause in Middle East attacks and upcoming diplomatic talks in Qatar is supporting broader Asian currency markets. However, the rally is unlikely to sustain given broad strength in dollar and rebounding international oil prices. Besides, negative cues from equities are also likely to add pressure on the counter. INR opened at Rs 94.36 per dollar and hit a high of 94.25 so far during the day. On Thursday, the pair ended at 94.45 as Friday was a market holiday on account of Muharram. As of the morning trade on June 29, 2026, the Indian benchmark indices are trading flat, with the NSE Nifty 50 hovering around 24,056.00 and the BSE Sensex trading near 77,100.47. First Published: Jun 29 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Alembic Pharmaceuticals rose 1.89% to Rs 786.05 after the company said that it has received final approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Dapsone Gel, 5%. Alembic Pharmaceuticals is a vertically integrated research and development pharmaceutical company. It manufactures and markets generic pharmaceutical products all over the world. Its research and manufacturing facilities are approved by regulatory authorities of many developed countries, including the USFDA. The companys consolidated net profit jumped 29.19% to Rs 202.70 crore in Q4 FY26, compared to Rs 156.89 crore posted in Q4 FY25. Revenue from operations grew 4.41% year on year (YoY) to Rs 1,847.72 crore in the quarter ended 31 March 2026. First Published: Jun 29 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Persistent Systems tumbled 7.75% to Rs 4,466.50 as investors reacted to the company's proposed acquisition of German digital engineering firm Nagarro SE. Persistent has signed an agreement to combine with Munich-headquartered Nagarro and has acquired an approximately 21% stake in the company. It has also launched a voluntary public takeover offer for the remaining shares, subject to regulatory approvals and shareholder acceptance. According to the investor FAQ released by the company, the combined entity would become the world's second-largest digital engineering company by revenue and India's seventh-largest technology services company, with an annualised revenue run rate of more than $2.9 billion. The combined group would employ more than 46,000 people and serve over 350 marquee clients globally. Persistent said the transaction is expected to be earnings per share (EPS) accretive. On an illustrative pro-forma trailing 12-month basis, the combined business would generate revenue of $2.795 billion, EBITDA of $463 million, EBIT of $337 million and profit after tax of $215 million. Pro-forma EPS is estimated at $1.36 (Rs 127), compared with $1.30 (Rs 121) for Persistent on a standalone basis. The company stressed that these figures are illustrative and not management guidance. The company said Nagarro is a highly complementary business that strengthens Persistent's presence in Europe while adding complementary industry verticals, AI expertise, and ERP and customer experience capabilities. It said the combination would create a global AI-led digital engineering company and achieve a scale that would have taken years to build organically. Persistent said the all-cash offer values Nagarro at EUR 81 per share, representing a premium of about 140% to Nagarro's undisturbed closing price on 25 June 2026 and about 94% to its three-month volume-weighted average price. Nagarro's management board and supervisory board have backed the transaction and intend to recommend that shareholders accept the offer. Persistent has already secured an approximately 21% stake through a binding agreement with Nagarro's largest shareholder. The acquisition is expected to close by Q4 CY26 or Q1 CY27, subject to German and Indian regulatory approvals and the acceptance of the offer by shareholders holding at least 50% plus one share of all outstanding Nagarro shares. Until then, Persistent and Nagarro will continue to operate as independent companies. Persistent Systems is a global services and solutions company delivering AI-led, platform-driven digital engineering and enterprise modernization to businesses across industries. Persistent Systems reported a 20.43% sequential increase in consolidated net profit to Rs 529.26 crore in Q4 FY26, compared with Rs 439.45 crore in Q3 FY26. Revenue from operations increased 7.35% quarter-on-quarter to Rs 4,055.94 crore for the quarter ended 31 March 2026. On a year-on-year basis, the companys net profit rose 33.73%, while revenue grew 25.10% in Q4 FY26. First Published: Jun 29 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 9:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Transrail Lighting rallied 3.43% to Rs 528.70 after the company announced that it has has secured new international orders worth approximately Rs 459 crore primarily in the Transmission & Distribution (T&D) business. With these wins, the companys order inflow for the year has reached Rs 1,034 crore apart from which there is L1 position of around Rs 400 crore. Randeep Narang, MD & CEO, stated, The order wins further strengthen our position in the International T&D market and reflect the confidence our customers place in our engineering and execution capabilities. With a strong unexecuted order book and a healthy bidding pipeline, we remain well positioned to sustain our growth momentum while continuing to deliver projects with operational excellence and maintaining our focus on profitable growth." Transrail Lighting is a turnkey EPC company focused on power transmission and distribution projects. The company also operates in civil construction, railways, solar EPC, and poles and lighting. It has a presence in 63 countries across five continents and operates manufacturing facilities in India for transmission towers, conductors and monopoles. The company's consolidated net profit declined 24.14% to Rs 96.50 crore on a 3.94% drop in revenue from operations to Rs 1,831.45 crore in Q4 FY26 over Q4 FY25. First Published: Jun 29 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 9:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian stocks wobbled on Monday after Iran and the United States agreed to halt renewed hostilities that had cast a shadow over an interim peace deal and kept oil prices supported, while the dollar stood tall near a one-year high on rate-hike bets. A return to diplomacy in West Asia would follow several days of tit-for-tat strikes since an Iranian projectile hit a cargo vessel in the Strait of Hormuz last week, with both sides accusing each other of ?breaking an interim ceasefire. Futures for S&P 500 and Nasdaq gained 0.4 per cent while European futures rose 0.2 per cent. South Korea's KOSPI fell nearly 2 per cent, while Japan's Nikkei slipped 1 per cent, leaving MSCI's broadest index of Asia-Pacific shares down 0.4 per cent. "It feels like we are lacking a bit of direction," said Nick Twidale, chief market strategist at ATFX Global in Sydney. "We may get a shot in the arm later today from more positive news out of the Middle East... but at the moment I think it's going to be a bit of a flow-driven day without major moves to either side," Twidale said. Worries over the future of the peace deal lifted oil prices, which have given up almost all of their war-driven gains as markets quickly reprice the prospect of easing supply. On Monday, Brent crude futures climbed 0.85 per cent to $72.6 a barrel while US West Texas Intermediate crude rose over 1 per cent to $70.01 a barrel. The 14-point interim peace accord agreed on June 17 was meant to halt the fighting, which the US and Israel started on February 28, and ?reopen the critical strait while talks proceeded on issues such as Iran's nuclear programme. "Markets enter July with a ceasefire that nobody quite trusts," said Marc Chandler, chief market strategist at Bannockburn Capital Markets. Investors have also been battling concerns that valuations for AI-related firms have become stretched following years of gains, with Micron's strong earnings forecast and Apple's price hikes last week underscoring the contrasting challenges. Markets are undergoing a tactical rotation away from mega-cap AI into smaller, more cyclical segments, marking early signs of broadening after extreme concentration, strategists at BofA Global Research said in a note. The Bank for International Settlements cautioned over the durability of the current AI investment surge, noting supply bottlenecks and intense competition could spur the kind of overinvestment seen in previous boom-and-bust cycles. Jose Torres, senior economist at Interactive Brokers, said the rising costs tied to modern infrastructure have firms scrambling for cash on their balance sheets ?and adding to risks if those investments fail to deliver. "For this reason, traders have gravitated toward the defensive and cyclically oriented areas of the equity space in recent weeks," Torres said. Easing oil prices may help reduce some inflation pressure but elevated prices are likely to keep the US Federal ?Reserve under pressure to raise rates. Investors are pricing in at least one hike this year, a sharp reversal from expectations of two rate cuts before ?the conflict began. BofA strategists anticipate three hikes, a more hawkish view that reflects a firmer labour backdrop, the new Fed Chair Kevin Warsh and a persistent inflation problem. Rising odds of a rate hike have lifted the dollar. The dollar index, which measures the US currency against six other ?units, was at 101.33, just below the one-year high it touched last week. The Japanese yen was languishing at 161.77 per US dollar as fears of another bout of intervention from Tokyo kept the fragile currency from breaking through its lowest in 40 years. The rising dollar has weighed on gold, ?which was down 0.4 per cent at $4,072 per ounce. The yellow metal is set for a 13 per cent decline in the second quarter, its biggest quarterly drop since 2013. [GOL/] (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 29 2026 | 9:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With estimated gross development value of Rs 1,000 cr First Published: Jun 29 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign currency assets decreased by USD 3.072 billion to USD 541.217 billion, according to the RBI. However, the value of gold reserves increased by USD 4.110 billion to USD 107.930 billion during the week. The Special Drawing Rights (SDRs) were down USD 52 million to USD 18.647 billion, the apex bank said. Indias reserve position with the IMF slipped USD 22 million to USD 4.793 billion in the reporting week, according to the apex banks data. First Published: Jun 29 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty July 2026 futures currently traded 8.50 points lower, suggesting a muted opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 383.76 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 5,747.75 crore in the Indian equity market on 25 June 2026, provisional data showed. The FIIs have sold shares worth Rs 45,121.78 crore so far in June (till 25 June 2026). This follows their cash sales of Rs 55,963.33 crore in May, Rs 70,135.46 crore in April and Rs 122,540.41 crore in March. Global Markets: Asian markets traded mixed on Monday as tensions between Iran and the U.S. escalated once again following renewed attacks in the Middle East, which threaten to prolong the war. The U.S. attacked Iranian military targets over the weekend in retaliation to Tehran carrying out strikes along the Strait of Hormuz. President Donald Trump then threatened to annihilate Iran, saying in a Truth Social post: United States aircraft just struck Iranian missile and drone storage locations, and coastal radar sites, for violating the Cease Fire Agreement, AGAIN! Crude prices rose as traders weighed the potential of further disruption in the energy space. International Brent oil climbed 0.8% to $72.57 per barrel. West Texas Intermediate futures advanced 1.1% to $70. Last week, the Nasdaq Composite posted its fifth consecutive losing session Friday as investors rotated out of key technology stocks and into more defensive areas of the market. The tech-heavy index dropped 0.24% to close at 25,297.62, while the S&P 500 ticked down 0.05% to 7,354.02. The Dow Jones Industrial Average shed 44.51 points, or 0.09%, to end at 51,876.11. The S&P 500 slid nearly 2% on the week, while the Nasdaq fell 4.6% in the period. The Dow outperformed, rising 0.6% week to date. Chip stocks were weaker after a media report stated that OpenAI is considering delaying its IPO to next year because of SpaceXs poor performance following its debut and overall volatility in AI-related shares. The report raised concerns about "sustainability of their infrastructure spending given the delay in funding from the capital markets, a global research house reportedly said. Domestic Market: The benchmark indices ended marginally higher on Thursday, extending gains for a second straight session. The Nifty climbed to a more than one-month high of 24,261.60 around noon, supported by easing crude oil prices and buying in auto and FMCG stocks. However, profit booking in the second half erased most of the intraday gains, while weakness in metal, IT, oil & gas and energy stocks capped the upside. The Nifty still managed to close above the 24,000 mark. Broader markets underperformed, with the midcap and smallcap indices ending in the red. The S&P BSE Sensex added 109.25 points or 0.14% to 77,100.47. The Nifty 50 index rose 34.35 points or 0.14% to 24,056. In the two trading sessions, the Sensex and Nifty increased 1.18% and 0.97%, respectively. First Published: Jun 29 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aurobindo Pharma announced that the United States Food and Drug Administration (USFDA) had completed an inspection at its wholly owned subsidiary, Auroactive Pharma, located in Andhra Pradesh. Likhitha Infrastructure announced that it has received an order worth approximately Rs 510 crore ($5,40,00,000) from China Petroleum Engineering and Construction Corporation-Abu Dhabi. Vikran Engineering said that it has accepted a turnkey EPC work order worth Rs 3,517.98 crore from NOPL Solar Projects for the development of a 969 MW AC solar power project across multiple locations in Maharashtra. Ashoka Buildcon announced that it has received a letter of acceptance (LoA) for a four-lane highway construction project in Guyana. Info Edge (India) announced that its board has approved the appointment of Himanshu Agarwal as chief financial officer (CFO) for a term of 5 years, effective from 17 September 2026. Bajaj Healthcare announced that Subject Expert Committee (SEC) of Central Drugs Standard Control Organisation (CDSCO) has recommended for grant of approval for manufacturing and marketing of Cenobamate Tablets. First Published: Jun 29 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 9:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 8:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 8:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Texmaco Rail & Engineering announced that it has received a letter of intent (LoI) worth Rs 4.71 crore from Mangalore Coal Terminal. The contract is scheduled to be executed within 12 months from the effective/commencement date. The order has been awarded by a domestic entity and does not involve any related party transaction. The company's promoter, promoter group and group companies have no interest in the awarding entity. Texmaco Rail & Engineering (TEXMACO) is a listed company and part of the Adventz Group. Texmaco is a key player in the railway and infrastructure sector. It operates across three business segments: Freight Cars, Rail Infrastructure & Green Energy, and Infrastructure Electrical. The company reported a 45.03% year-on-year increase in consolidated net profit to Rs 57.68 crore in Q4 FY26, compared with Rs 39.77 crore in the corresponding quarter last year. Shares of Texmaco Rail & Engineering rose 0.18% to close at Rs 110.10 on the BSE. First Published: Jun 29 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 8:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices rose on Monday following days of tit-for-tat strikes by the United States and Iran in the West Asia that underscored the fragility of their interim peace deal and again slowed energy shipping in the Strait of Hormuz. Brent crude futures climbed 52 ?cents, or 0.672%, to $72.51 a barrel by 2313 GMT while US West Texas Intermediate crude was at $69.94 a barrel, up 71 cents, or 1.03%. Brent crude fell 10.6% last week, its third weekly decline, after crude shipments through the strait rose last week to their highest level since the US-Israeli conflict with Iran began in February. However, traffic has since slowed following renewed attacks on ships in the strait from Thursday, including a Qatar-linked oil tanker, that triggered strikes from the US and Iran in the worst escalation since they signed an interim peace deal. "The ?market is likely to re-evaluate its assumption of a quick recovery of oil supply from the Persian Gulf," ANZ analysts said in a note. Capping oil price gains, Iran and the United States agreed to halt recent hostilities in the Gulf and renew talks in Qatar regarding their dispute over the Strait of Hormuz, Axios reported on Sunday. Reuters could not immediately confirm the report. Saudi oil giant Aramco resumed crude oil loadings on Friday at its Ras Tanura terminal, west of the Strait of Hormuz, after they ?were halted for nearly four months, joining a rush to move cargoes after West Asia producers ramped up oil and gas output and exports ahead of the interim ?deal. "Despite the US-Iran deal marking an inflection point for oil markets, physical flows are constrained ?by tanker backlogs, damaged infrastructure and production shut-ins," ANZ analysts said. "It could take the remainder of the year before supply is near pre-conflict levels." Loadings at Aramco's Ras ?Tanura terminal continued, even after a helicopter belonging to the company crashed on Sunday in Ras Tanura on the country's east coast on the Gulf, killing 14 nationals. The ?cause of the crash was unknown, the state news agency reported. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 29 2026 | 7:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected open on tepid note as renewed tension between the US and Iran weighed on the risk sentiment. First Published: Jun 29 2026 | 7:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy: Aakash Shah of Choice Broking recommends Jay Bharat Maurti, Welspun Corp and Astra Microwave. First Published: Jun 29 2026 | 7:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Among individual stocks, Angel One recommends buy on Kotak Bank and Inox Green this week. First Published: Jun 29 2026 | 7:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 29 2026 | 7:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
I believe the market should bounce back within the next six months. Dubai has recovered from every major challenge in the past, and I expect it to do so again- Anis Sajan, Vice chairman, Danube Group This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 28 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The penetration of electric two-wheelers was only 0.34 per cent in FY 21 but got a push in FY 23 when it hit 4.54 per cent from only 1.87 per cent in the previous financial year This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The penetration of electric two-wheelers was only 0.34 per cent in FY 21 but got a push in FY 23 when it hit 4.54 per cent from only 1.87 per cent in the previous financial year This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Realty firm Prestige Estates Projects Ltd has around ?65,000 crore of unrecognised revenue in its account, driven by strong sales of its housing properties during the last three financial years. Prestige Estates achieved a record sales bookings of ?30,024 crore during the 2025-26 fiscal, up 76 per cent from the preceding year. In an interview with PTI, Prestige Estates Chairman Irfan Razack said, "We have got about ?65,000 crore of unrecognised revenue in the book. It is not a small amount". He mentioned that the company follows the completion method for recognition of revenues. This means that revenue gets recognised once the real estate project gets completed. However, Razack said the company is in discussion with auditors to shift towards the percentage of completion method. On the outlook for the current fiscal, the company's chairman was hopeful that sales bookings and new launches would be better than those in 2025-26, as housing demand continues to be good despite global economic uncertainties amid the West Asia conflict. Razack said the company is targeting to achieve ?35,000-36,000 crore of sales bookings or pre-sales during the 2026-27 fiscal. The company has a launch pipeline of around ?58,000 crore for the current fiscal across major cities, he said, adding that how many projects it ends up launching would depend on government approvals. Last fiscal, Prestige Estates launched 32 million sq ft area with sales bookings potential of ?27,350 crore. Recently, Prestige Estates Projects reported that its net profit jumped over two times to ?1,195.5 crore last fiscal from ?467.5 crore in 2024-25. The total income rose to ?13,195.5 crore during 2025-26 from ?7,735.5 crore in the preceding year. Bengaluru-based Prestige Estates Projects Ltd is one of the leading real estate developers in the country with a presence across all major cities. The group has delivered 313 projects spanning 206 million sq ft. It has a pipeline of 128 projects across 195 million sq ft. The group develops housing, commercial (office complexes and shopping malls) and hospitality projects. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 28 2026 | 3:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Realty firm Prestige Estates Projects Ltd has around ?65,000 crore of unrecognised revenue in its account, driven by strong sales of its housing properties during the last three financial years. Prestige Estates achieved a record sales bookings of ?30,024 crore during the 2025-26 fiscal, up 76 per cent from the preceding year. In an interview with PTI, Prestige Estates Chairman Irfan Razack said, "We have got about ?65,000 crore of unrecognised revenue in the book. It is not a small amount". He mentioned that the company follows the completion method for recognition of revenues. This means that revenue gets recognised once the real estate project gets completed. However, Razack said the company is in discussion with auditors to shift towards the percentage of completion method. On the outlook for the current fiscal, the company's chairman was hopeful that sales bookings and new launches would be better than those in 2025-26, as housing demand continues to be good despite global economic uncertainties amid the West Asia conflict. Razack said the company is targeting to achieve ?35,000-36,000 crore of sales bookings or pre-sales during the 2026-27 fiscal. The company has a launch pipeline of around ?58,000 crore for the current fiscal across major cities, he said, adding that how many projects it ends up launching would depend on government approvals. Last fiscal, Prestige Estates launched 32 million sq ft area with sales bookings potential of ?27,350 crore. Recently, Prestige Estates Projects reported that its net profit jumped over two times to ?1,195.5 crore last fiscal from ?467.5 crore in 2024-25. The total income rose to ?13,195.5 crore during 2025-26 from ?7,735.5 crore in the preceding year. Bengaluru-based Prestige Estates Projects Ltd is one of the leading real estate developers in the country with a presence across all major cities. The group has delivered 313 projects spanning 206 million sq ft. It has a pipeline of 128 projects across 195 million sq ft. The group develops housing, commercial (office complexes and shopping malls) and hospitality projects. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 28 2026 | 3:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Realty firm Prestige Estates Projects Ltd has around ?65,000 crore of unrecognised revenue in its account, driven by strong sales of its housing properties during the last three financial years. Prestige Estates achieved a record sales bookings of ?30,024 crore during the 2025-26 fiscal, up 76 per cent from the preceding year. In an interview with PTI, Prestige Estates Chairman Irfan Razack said, "We have got about ?65,000 crore of unrecognised revenue in the book. It is not a small amount". He mentioned that the company follows the completion method for recognition of revenues. This means that revenue gets recognised once the real estate project gets completed. However, Razack said the company is in discussion with auditors to shift towards the percentage of completion method. On the outlook for the current fiscal, the company's chairman was hopeful that sales bookings and new launches would be better than those in 2025-26, as housing demand continues to be good despite global economic uncertainties amid the West Asia conflict. Razack said the company is targeting to achieve ?35,000-36,000 crore of sales bookings or pre-sales during the 2026-27 fiscal. The company has a launch pipeline of around ?58,000 crore for the current fiscal across major cities, he said, adding that how many projects it ends up launching would depend on government approvals. Last fiscal, Prestige Estates launched 32 million sq ft area with sales bookings potential of ?27,350 crore. Recently, Prestige Estates Projects reported that its net profit jumped over two times to ?1,195.5 crore last fiscal from ?467.5 crore in 2024-25. The total income rose to ?13,195.5 crore during 2025-26 from ?7,735.5 crore in the preceding year. Bengaluru-based Prestige Estates Projects Ltd is one of the leading real estate developers in the country with a presence across all major cities. The group has delivered 313 projects spanning 206 million sq ft. It has a pipeline of 128 projects across 195 million sq ft. The group develops housing, commercial (office complexes and shopping malls) and hospitality projects. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 28 2026 | 3:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, the BSE benchmark Sensex climbed 297.57 points, or 0.38 per cent, and the NSE Nifty went up by 42.9 points, or 0.17 per cent Developments on the geopolitical front, with the latest military exchanges involving the US and Iran, their impact on crude oil prices and domestic macroeconomic data announcements would dictate sentiments in the stock market this week, analysts said. Besides, trading patterns of foreign investors and progress of the southwest monsoon would also remain the key areas of focus for investors, they added. "Market participants will closely monitor Industrial Production (IIP) data, the final HSBC Manufacturing, Services and Composite PMI readings, and the foreign exchange reserves data for fresh insights into the health of the domestic economy," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Globally, the trajectory of crude oil prices and geopolitical developments in West Asia will remain key drivers of market sentiment, he said. The monthly auto sales numbers on July 1 will also be tracked by investors closely. "The week ahead is likely to be shaped by developments on the geopolitical front, with investors closely monitoring tensions in the Middle East following the latest military exchanges involving US and Iranian forces. While broader diplomatic efforts remain in place, the recent flare-up has reminded markets that geopolitical risks remain elevated. "Any signs of renewed negotiations or de-escalation could help sustain the recent improvement in risk sentiment, while a further deterioration in relations may prompt a reassessment of global growth and energy market expectations," Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. On the domestic front, the progress of the southwest monsoon will remain a key area of focus for investors, he said. Last week, the BSE benchmark Sensex climbed 297.57 points, or 0.38 per cent, and the NSE Nifty went up by 42.9 points, or 0.17 per cent. "Key data releases this week include India's manufacturing PMI and industrial production data for May, along with the US manufacturing index," Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 28 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 28 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 28 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Realty firm Embassy Developments will invest ?1,500 crore to construct a 3 million sq ft office complex in Bengaluru as part of its strategy to generate rental income from commercial assets. The company is mainly into housing segment with presence across Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR. In an interview with PTI, Embassy Developments Managing Director Aditya Virwani mentioned that the company's focus would largely remain on the growing residential business. However, he said the company would build office assets for rental income. Virwani said the company will develop a large 35-acre office complex in Bengaluru comprising 6 million sq ft area. "We will develop this project is two phases. The construction of first phase covering 3 million sq ft has started," he said. Asked about investments for the first phase, Virwani said it would be around ?1,500 crore, excluding land cost. Virwani said the office spaces would be leased to corporates. Bullish on India's office market, he noted that the demand for prime workspaces continues to be strong especially from foreign players who want to set up Global Capability Centres (GCCs) in India. On the residential business, Virwani highlighted that the sales bookings last fiscal more than doubled to ?4,631 crore on strong consumer demand. For the current fiscal, he said the company has set a target to achieve ?8,000 crore worth of sales bookings. This includes ?2,000 crore worth of sales in a housing project that the company is building on a DM (development management) model. Embassy Developments will launch nearly ?20,000 crore worth of homes this fiscal to expand business and cater to rising demand especially for housing units launched by established branded realtors. Embassy Developments, erstwhile Indiabulls Real Estate Ltd, is one of the leading real estate companies in India. The company is now part of Bengaluru-based Embassy Group. In 2025-26, the company posted a net loss of ?872.47 crore. In the preceding year it had posted a profit of ?193.63 crore. The total income declined to ?1,905.12 crore in the last fiscal from ? 2,546.97 crore in 2024-25. Embassy Developments has a land bank of more than 3,000 acres across major cities. Apart from Embassy Developments, the Embassy Group owns coworking firm WeWork India and is sponsor of listed Embassy Office Parks REIT. Both are listed on stock exchanges. The Group also runs co-living business named 'Olive by Embassy'. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 28 2026 | 2:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Realty firm Embassy Developments will invest ?1,500 crore to construct a 3 million sq ft office complex in Bengaluru as part of its strategy to generate rental income from commercial assets. The company is mainly into housing segment with presence across Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR. In an interview with PTI, Embassy Developments Managing Director Aditya Virwani mentioned that the company's focus would largely remain on the growing residential business. However, he said the company would build office assets for rental income. Virwani said the company will develop a large 35-acre office complex in Bengaluru comprising 6 million sq ft area. "We will develop this project is two phases. The construction of first phase covering 3 million sq ft has started," he said. Asked about investments for the first phase, Virwani said it would be around ?1,500 crore, excluding land cost. Virwani said the office spaces would be leased to corporates. Bullish on India's office market, he noted that the demand for prime workspaces continues to be strong especially from foreign players who want to set up Global Capability Centres (GCCs) in India. On the residential business, Virwani highlighted that the sales bookings last fiscal more than doubled to ?4,631 crore on strong consumer demand. For the current fiscal, he said the company has set a target to achieve ?8,000 crore worth of sales bookings. This includes ?2,000 crore worth of sales in a housing project that the company is building on a DM (development management) model. Embassy Developments will launch nearly ?20,000 crore worth of homes this fiscal to expand business and cater to rising demand especially for housing units launched by established branded realtors. Embassy Developments, erstwhile Indiabulls Real Estate Ltd, is one of the leading real estate companies in India. The company is now part of Bengaluru-based Embassy Group. In 2025-26, the company posted a net loss of ?872.47 crore. In the preceding year it had posted a profit of ?193.63 crore. The total income declined to ?1,905.12 crore in the last fiscal from ? 2,546.97 crore in 2024-25. Embassy Developments has a land bank of more than 3,000 acres across major cities. Apart from Embassy Developments, the Embassy Group owns coworking firm WeWork India and is sponsor of listed Embassy Office Parks REIT. Both are listed on stock exchanges. The Group also runs co-living business named 'Olive by Embassy'. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 28 2026 | 2:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Realty firm Embassy Developments will invest ?1,500 crore to construct a 3 million sq ft office complex in Bengaluru as part of its strategy to generate rental income from commercial assets. The company is mainly into housing segment with presence across Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR. In an interview with PTI, Embassy Developments Managing Director Aditya Virwani mentioned that the company's focus would largely remain on the growing residential business. However, he said the company would build office assets for rental income. Virwani said the company will develop a large 35-acre office complex in Bengaluru comprising 6 million sq ft area. "We will develop this project is two phases. The construction of first phase covering 3 million sq ft has started," he said. Asked about investments for the first phase, Virwani said it would be around ?1,500 crore, excluding land cost. Virwani said the office spaces would be leased to corporates. Bullish on India's office market, he noted that the demand for prime workspaces continues to be strong especially from foreign players who want to set up Global Capability Centres (GCCs) in India. On the residential business, Virwani highlighted that the sales bookings last fiscal more than doubled to ?4,631 crore on strong consumer demand. For the current fiscal, he said the company has set a target to achieve ?8,000 crore worth of sales bookings. This includes ?2,000 crore worth of sales in a housing project that the company is building on a DM (development management) model. Embassy Developments will launch nearly ?20,000 crore worth of homes this fiscal to expand business and cater to rising demand especially for housing units launched by established branded realtors. Embassy Developments, erstwhile Indiabulls Real Estate Ltd, is one of the leading real estate companies in India. The company is now part of Bengaluru-based Embassy Group. In 2025-26, the company posted a net loss of ?872.47 crore. In the preceding year it had posted a profit of ?193.63 crore. The total income declined to ?1,905.12 crore in the last fiscal from ? 2,546.97 crore in 2024-25. Embassy Developments has a land bank of more than 3,000 acres across major cities. Apart from Embassy Developments, the Embassy Group owns coworking firm WeWork India and is sponsor of listed Embassy Office Parks REIT. Both are listed on stock exchanges. The Group also runs co-living business named 'Olive by Embassy'. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 28 2026 | 2:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Realty firm Embassy Developments will invest ?1,500 crore to construct a 3 million sq ft office complex in Bengaluru as part of its strategy to generate rental income from commercial assets. The company is mainly into housing segment with presence across Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR. In an interview with PTI, Embassy Developments Managing Director Aditya Virwani mentioned that the company's focus would largely remain on the growing residential business. However, he said the company would build office assets for rental income. Virwani said the company will develop a large 35-acre office complex in Bengaluru comprising 6 million sq ft area. "We will develop this project is two phases. The construction of first phase covering 3 million sq ft has started," he said. Asked about investments for the first phase, Virwani said it would be around ?1,500 crore, excluding land cost. Virwani said the office spaces would be leased to corporates. Bullish on India's office market, he noted that the demand for prime workspaces continues to be strong especially from foreign players who want to set up Global Capability Centres (GCCs) in India. On the residential business, Virwani highlighted that the sales bookings last fiscal more than doubled to ?4,631 crore on strong consumer demand. For the current fiscal, he said the company has set a target to achieve ?8,000 crore worth of sales bookings. This includes ?2,000 crore worth of sales in a housing project that the company is building on a DM (development management) model. Embassy Developments will launch nearly ?20,000 crore worth of homes this fiscal to expand business and cater to rising demand especially for housing units launched by established branded realtors. Embassy Developments, erstwhile Indiabulls Real Estate Ltd, is one of the leading real estate companies in India. The company is now part of Bengaluru-based Embassy Group. In 2025-26, the company posted a net loss of ?872.47 crore. In the preceding year it had posted a profit of ?193.63 crore. The total income declined to ?1,905.12 crore in the last fiscal from ? 2,546.97 crore in 2024-25. Embassy Developments has a land bank of more than 3,000 acres across major cities. Apart from Embassy Developments, the Embassy Group owns coworking firm WeWork India and is sponsor of listed Embassy Office Parks REIT. Both are listed on stock exchanges. The Group also runs co-living business named 'Olive by Embassy'. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 28 2026 | 2:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 28 2026 | 2:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Uber confirmed last week that Singh had stepped down after more than a decade at the company First Published: Jun 28 2026 | 2:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The fintech is currently present in 500 cities, Tier II, III and IV cities, with over 30,000 borrowers having an average ticket size of ?10 lakh MSME fintech firm Progcap aims to raise up to $45 million (approximately ?425 crore) from share sales in FY28 to expand its lending business. "We are planning a capital raise through equity dilution next financial year," Progcap co-founder Himanshu Chandra told PTI. It would be through private placement of shares, and the quantum could be in the range of $40-45 million, depending on the valuation, he said. "We have enough capital to take care of growth needs for the current financial year. We may look at dilution of equity next financial year," he said, adding that the dilution would be in the single digit. The fintech firm, which obtained an NBFC licence in 2022, has been witnessing very high growth in MSME lending, especially wholesalers and retailers. The fintech is currently present in 500 cities, Tier II, III and IV cities, with over 30,000 borrowers having an average ticket size of ?10 lakh. The lending firm focuses on loans to retailers and wholesalers across 10 industries, like consumer durables, two-wheelers, FMCG, and agriculture, and has 128 anchor brand partnerships. Explaining the uniqueness of the firm, he said, "Unlike traditional fintechs that serve salaried, urban consumers, Progcap designs inclusive financial solutions for India's 60 million retail backbone, basically MSMEs in Tier II to Tier IV towns". Women borrowers currently account for 17 per cent of Progcap's overall portfolio, growing at 40 per cent year-on-year, with almost 90 per cent of these entrepreneurs coming from Tier 2 and Tier 3 markets, she said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 28 2026 | 1:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's private seed companies are holding 20-30 per cent surplus stock for the kharif season, but ensuring timely distribution to critical rain-deficient geographies remains the key challenge as El Nino threatens to deliver a weak and delayed monsoon this year, industry body FSII has said. Federation of Seed Industry of India (FSII) Chairman Ajai Rana said while the sector was well-prepared following a bumper seed production season for corn, rice, and millets, a recent survey of 1,000 farmers showed 75 per cent had already purchased seed while the remaining 25 per cent were waiting for the monsoon underscoring the urgency of moving stocks from surplus areas to vulnerable districts before the planting window closed. "We typically plan with 15-20 per cent buffer for returns. This year's strong seed production has further strengthened our position. Many companies are having 20-30 per cent surplus stock," Rana told PTI in an interview. In scenarios where farmers may need to replant due to a weak or delayed monsoon, the surplus stock (both government and industry) should help. "But the key challenge is not total availability but timely distribution to the right geographies," he noted. Short-duration and climate-resilient hybrids are critical in distressed districts, he added. The government has pegged certified seed availability at 19.243 million quintals against a requirement of around 17.3 million quintals, a surplus of 11.2 per cent for this kharif season. The private sector, which supplies nearly 70 per cent of seeds through a network of over 1 million retailers, has built additional buffer stocks over and above this. The government has identified 315 districts across 12 states that are likely to be impacted due to the delayed monsoon this kharif season. Rana said nearly 50 per cent of Indian agriculture remained rain-fed, making the kharif season acutely vulnerable to the El Nino weather pattern this year. "El Nino is not good news for our agriculture, especially the kharif season, which is the major season. It will particularly impact geographies where irrigation coverage is low," he said. Planting is currently delayed in Madhya Pradesh, Chhattisgarh, parts of Jharkhand, and Bihar. Northern irrigated areas, including Punjab, Haryana, and western Uttar Pradesh, are over 90 per cent covered and largely unaffected, he added. If a weak monsoon continues in July and August, Rana suggested that farmers go for short-duration and high-yielding varieties suited for a shorter crop period, while adjusting agronomic practices like applying fertiliser earlier for rice. He also said there is a "myth" that hybrids need more water and fertiliser. "In reality, due to hybrid vigour, they often need less. For example, in Punjab/Haryana, hybrids require only 2 bags of urea versus 3-4 bags for non-hybrid varieties, and mature 15 days earlier." A clear shift towards early and medium-maturity varieties is underway across most crops and regions, Rana said, adding that the industry had stocked and supplied seeds accordingly. For rice, the biggest kharif crop, Rana identified Madhya Pradesh, Chhattisgarh, Bihar, eastern Uttar Pradesh, Bengal, Odisha, and Telangana as areas needing urgent attention, with farmers needing to shift to shorter-duration varieties. Corn (maize) cultivation in Madhya Pradesh, Maharashtra, and Karnataka was also being closely monitored, while millets such as sorghum and pearl millet were well-placed to handle a deficient rainfall year, with adequate stocks available following the government's Millet Mission, he said. Rana flagged concern over Telangana's decision to announce a bonus on fine-grain long-duration rice varieties, calling it contradictory in a drought-prone year. "In a drought-prone year, incentives for long-duration fine varieties push more rice cultivation when we should be promoting early-medium varieties like MTU 1010 that suit the conditions. We have reached out to state governments on this," he said. He also noted that rice area had crossed 50 million hectares last year against an earlier normal of 42-44 million hectares, describing the trend as far from ideal for a monsoon-dependent country. Grassroot coordination FSII member companies have mapped the vulnerable districts using remote sensing tools and are running real-time monitoring through digital platforms and telephonic surveys. A recent survey of 1,000 farmers found 75 per cent had already purchased seed, while the remaining 25 per cent were waiting for the monsoon, Rana said. "The main issue is grassroots coordination -- moving seed from surplus areas like Mathura and Agra to needy districts in Rajasthan," he said. Seed quality concerns On the risk of spurious seeds circulating during a distress year, Rana said FSII was actively supporting the government's SATHI initiative for seed traceability, with all member companies having implemented QR codes on seed bags for farmer verification. On agronomic advice for farmers in vulnerable districts, Rana recommended opting for short-duration, high-yielding hybrids, applying fertilisers earlier in the season, and transplanting rice nurseries at 25-30 days of age to minimise yield penalties from delayed transplanting. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 28 2026 | 1:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Every time India has faced a major crisis - whether devastating floods, a once-in-a-century pandemic or the latest conflict in West Asia that threatened global oil supplies - it has been the country's state-run oil companies that have quietly kept fuel flowing. For decades, India's public sector oil marketing companies (OMCs) have often been criticised for low returns, government intervention in fuel pricing and bloated operations. They have twice been put on the block for privatisation, with plans to sell Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) gathering momentum in 2002 before being halted by a Supreme Court ruling and again in 2020, before the process was abandoned after failing to attract enough bids. Yet every national emergency has reinforced why governments have been reluctant to loosen their grip on companies that control the country's energy lifeline, analysts and industry officials said. When unprecedented floods submerged Chennai in 2015, Indian Oil Corp (IOC), BPCL and HPCL scrambled to move fuel through alternative routes, restore inundated depots and keep emergency services supplied even as roads disappeared under water and retail outlets shut. During the Covid-19 pandemic, the companies operated virtually uninterrupted despite nationwide lockdowns. Fuel stations remained open, refineries continued operating with skeletal staff, LPG cylinders were delivered to millions of households under strict mobility restrictions and aviation fuel supplies were maintained for relief and medical flights, they said. Engineers isolated operating teams inside refineries for weeks to ensure continuous production, while tanker drivers and LPG delivery personnel worked through curfews and containment zones. The latest conflict in West Asia once again highlighted its strategic importance. As the Iran war disrupted crude trade routes and raised concerns over supplies through the Strait of Hormuz, India's state refiners rapidly reconfigured operations. They increased LPG production by diverting refinery streams away from petrochemicals, diversified crude procurement across geographies, optimised refinery runs based on available feedstock and coordinated fuel supplies nationwide to avoid local shortages. "The result was that no corner of the country went without fuel. Unlike several countries, including those in the neighbourhood, India did not see any rationing of fuel," an industry official said. The companies also leaned on India's strategic petroleum reserves and commercial inventories, while working closely with the government to reassure markets that adequate supplies would be maintained. All this they did while passing on the least minimum impact of the spurt in global oil prices to consumers. For a good two-and-a-half months, the three firms absorbed the more than 50 per cent spurt in international oil prices and then raised petrol and diesel prices by ?7.50 a litre each, LPG rates by ?89 per cylinder and CNG by ?6 per kg - much lower than the increase seen in major economies around the globe. The response reflected a playbook honed over decades: absorb global shocks first and shield consumers for as long as possible. That came at a cost. Even as IOC, BPCL and HPCL await full government compensation for selling subsidised cooking gas in 2025-26, they chose to hold petrol and diesel prices steady through more than three months of turmoil in West Asia, sacrificing earnings to cushion consumers. According to Crisil Ratings, the three state-run retailers are estimated to have incurred net under-recoveries of ?40,000-45,000 crore between March and May, after accounting for inventory gains - almost equivalent to their combined annual profits. Private-sector fuel retailers, by contrast, passed on higher costs more quickly. Companies, such as Nayara Energy and Shell, raised pump prices by a steeper margin during the period, industry officials said. A similar pattern played out during the Covid-19 pandemic. As demand collapsed and fuel marketing became unviable, several private retailers put up "no stock" signs at outlets across the country. State-run OMCs continued supplies, with the government invoking emergency provisions to ensure private outlets were also supplied with fuel, even if at prices higher than those charged by public-sector retailers. Industry officials said India could have faced a very different situation had either BPCL or HPCL, which together account for roughly half of the country's fuel retail network and around a quarter of sales each, been privatised under the government's disinvestment plans in the early 2000s or again two decades later. Unlike state-owned firms, private owners would have been under little obligation to sell petrol, diesel or LPG below market prices or absorb prolonged under-recoveries in the national interest, they said. "What that would have meant for a country as dependent on imported oil as India can only be imagined," one official said, arguing that public ownership has enabled the companies to prioritise energy security over profitability during successive crises. Unlike purely commercial energy companies, India's state-run refiners are expected to fulfil a strategic mandate alongside generating profits. Together, IOC, BPCL and HPCL account for nearly 90 per cent of the country's fuel retail network, operate most of its refining capacity, maintain extensive pipeline infrastructure and supply petroleum products to every corner of the country, including remote regions where private operators often have little commercial incentive to serve. Their nationwide footprint also enables governments to rapidly execute emergency policy decisions. Whether distributing subsidised LPG cylinders during the pandemic, ensuring diesel availability during natural disasters or managing inventories during periods of global supply disruption, public sector companies have often functioned as an extension of the state's crisis-response machinery. That strategic role has repeatedly complicated efforts to privatise them. The Vajpayee government's attempt to privatise BPCL and HPCL in the early 2000s was halted after the Supreme Court ruled that parliamentary approval was required because the company had been nationalised through legislation. Nearly two decades later, the Narendra Modi government revived plans to sell its majority stake in BPCL as part of a broader asset monetisation programme, but the process was shelved after prospective bidders withdrew amid market uncertainties. Successive governments have continued to open fuel retailing to private players and encourage competition, but have stopped short of relinquishing control over the public sector companies that remain central to India's energy security architecture. With India importing more than 88 per cent of its crude oil requirements and geopolitical disruptions becoming more frequent, policymakers increasingly view energy resilience as a strategic capability rather than simply a commercial business. For investors, state ownership can sometimes constrain profitability through government-directed interventions. For policymakers, however, the same ownership provides something difficult to replicate through markets alone: an integrated nationwide energy network that can be mobilised at short notice when a crisis strikes. Time and again, India's public sector oil companies have demonstrated that while their commercial role may be debated, their strategic value becomes most visible when the country's energy security is under stress, analysts added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 28 2026 | 1:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Commerce and Industry Minister Piyush Goyal has said that the 'Made in India' label represents the country's reputation and commitment to quality and stressed that quality is not just a corporate metric, but a national responsibility. Sharing the story of Florence Shoe Company founder Aqeel Ahmed Panaruna during a business plenary session in London on June 27, Goyal said an international customer spotted a luxury Hugo Boss shoe at Cairo Airport, checked its label and found it carried the words "Made in India". The shoe had been manufactured by Panaruna's company in Ambur, Tamil Nadu. "When you label a product 'Made in India', you are representing a country," he said. For entrepreneurs like Aqeel, quality is not just a corporate metric, it is a national responsibility, Goyal said in a social media post. "His work has not only put Indian craftsmanship on global shelves for iconic brands but has also driven large-scale rural employment, championed women's empowerment in manufacturing, and pioneered sustainable zero liquid discharge technologies," Goyal said. The minister was in London for an official visit from June 25-27 to discuss issues related to the implementation of the India-UK Comprehensive Economic and Trade Agreement (CETA). The pact will come into force on July 15. It provides duty-free access to Indian labour-intensive products, including leather and footwear. "To Aqeel and countless Indian businesses setting global benchmarks, thank you for making the 'Made in India' label a symbol of trust, excellence, and pride," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 28 2026 | 12:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The market valuation of ICICI Bank jumped ?29,588.75 crore to reach ?9,95,610.74 crore, the most among the top-10 firm The combined market valuation of 6 of the top-10 most valued companies went up by ?88,678.1 crore in a holiday-shortened last week, with ICICI Bank emerging as the biggest winner. Last week, the BSE benchmark Sensex climbed 297.57 points, or 0.38 per cent, and the NSE Nifty went up by 42.9 points, or 0.17 per cent. "Markets ended the holiday-shortened week with modest gains, advancing in three of the four trading sessions. Sentiment remained constructive, supported by easing crude oil prices, improving geopolitical developments in West Asia, and selective buying by foreign institutional investors (FIIs)," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Bajaj Finance and Larsen & Toubro were the gainers, Bharti Airtel, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and Hindustan Unilever faced erosion from their valuation. The market valuation of ICICI Bank jumped ?29,588.75 crore to reach ?9,95,610.74 crore, the most among the top-10 firms. HDFC Bank added ?24,718.3 crore, taking its valuation to ?12,25,981.44 crore. The valuation of Reliance Industries surged ?12,043.96 crore to ?17,83,926.92 crore and that of Bajaj Finance climbed ?11,580.28 crore to ?6,10,081.53 crore. The market capitalisation (mcap) of State Bank of India rallied ?9,322.93 crore to ?9,64,738 crore, and that of Larsen & Toubro edged higher by ?1,423.88 crore to ?5,80,550.83 crore. However, the mcap of Bharti Airtel tumbled ?35,615.21 crore to ?11,27,348.09 crore. The valuation of LIC eroded by ?21,188.74 crore to ?5,35,537.56 crore, and that of TCS declined by ?11,143.71 crore to ?7,58,206.42 crore. The mcap of Hindustan Unilever dipped by ?5,321.83 crore to ?5,10,624.92 crore. In the ranking of the top-10 most valued firms, Reliance Industries retained the number one rank, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 28 2026 | 12:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The market valuation of ICICI Bank jumped ?29,588.75 crore to reach ?9,95,610.74 crore, the most among the top-10 firm The combined market valuation of 6 of the top-10 most valued companies went up by ?88,678.1 crore in a holiday-shortened last week, with ICICI Bank emerging as the biggest winner. Last week, the BSE benchmark Sensex climbed 297.57 points, or 0.38 per cent, and the NSE Nifty went up by 42.9 points, or 0.17 per cent. "Markets ended the holiday-shortened week with modest gains, advancing in three of the four trading sessions. Sentiment remained constructive, supported by easing crude oil prices, improving geopolitical developments in West Asia, and selective buying by foreign institutional investors (FIIs)," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Bajaj Finance and Larsen & Toubro were the gainers, Bharti Airtel, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and Hindustan Unilever faced erosion from their valuation. The market valuation of ICICI Bank jumped ?29,588.75 crore to reach ?9,95,610.74 crore, the most among the top-10 firms. HDFC Bank added ?24,718.3 crore, taking its valuation to ?12,25,981.44 crore. The valuation of Reliance Industries surged ?12,043.96 crore to ?17,83,926.92 crore and that of Bajaj Finance climbed ?11,580.28 crore to ?6,10,081.53 crore. The market capitalisation (mcap) of State Bank of India rallied ?9,322.93 crore to ?9,64,738 crore, and that of Larsen & Toubro edged higher by ?1,423.88 crore to ?5,80,550.83 crore. However, the mcap of Bharti Airtel tumbled ?35,615.21 crore to ?11,27,348.09 crore. The valuation of LIC eroded by ?21,188.74 crore to ?5,35,537.56 crore, and that of TCS declined by ?11,143.71 crore to ?7,58,206.42 crore. The mcap of Hindustan Unilever dipped by ?5,321.83 crore to ?5,10,624.92 crore. In the ranking of the top-10 most valued firms, Reliance Industries retained the number one rank, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 28 2026 | 12:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With India's electric vehicle adoption crossing the 'early adopters' phase, Tata Motors Passenger Vehicles is turning to majority of customers to drive EV adoption with four new products and over ten refreshes lined up for launch by FY31 to sustain its leadership position. Early Adopters are those consumers who adopt a new idea or technology to gain a competitive edge. The company is preparing for the next phase of growth in its electric vehicles segment, eyeing over 30 per cent EV penetration by FY31, according to an investor presentation. "Currently, EVs are being considered by the early majority; we will enhance products to drive adoption among early and late majority customers," the company said. Early majority consumers are those who need to see successful case studies before buying, while late majority consumers are skeptical individuals who adopt only after the average person has adopted a new idea or technology. EV adoption in India has crossed "from early adopters into the early majority -- the volume heart of the market", it said. According to the company, early adopters account for 13.5 per cent of the EV market, while the early majority and late majority make up 34 per cent each, and laggards constitute 16 per cent. Innovators are a minority at 2.5 per cent. Innovators are risk-takers who love being the very first to try new things, while laggards are traditionalists who resist change and are the last to adopt. On the company's product plans to drive future growth, it said, "By FY31, we will have a portfolio of 10 EV nameplates. We have a sustained launch cadence for the next phase of growth to strengthen our portfolio comprehensively." Its current nameplates are Xpres-T, Curvv.ev, Harrier.ev, Nexon.ev, Punch.ev and Tiago.ev. Four new products will be launched by FY31 along with over ten facelifts and refreshes of the existing portfolio, it added. Upcoming products include Sierra.ev, one product based on its Avinya concept and two other models, as per the investor presentation. Tata Motors Passenger Vehicles said it is also working to increase the range of its EVs by two to three times and faster charging by three times, while increasing the energy density of batteries by 20-23 per cent. It is looking at a third generation battery with over 75 kWh of power to offer two to three times more range than the existing generation, with three times faster charging and 20-23 per cent more energy density. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 28 2026 | 11:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Demand for summer-centric products remained uneven during the June quarter, as weather-related disruptions and higher prices weighed on the air-conditioner market, while categories linked to refreshment, hydration and impulse consumption continued to benefit from seasonal demand. According to industry experts, air-conditioner sales slowed in June amid unseasonal weather and inflationary pressures, while beverages, ice cream and dairy products continued to register healthy growth, driven by immediate consumption and affordability. Godrej Enterprises Group Business Head and EVP (Appliances Business) Kamal Nandi said demand across cooling categories has been mixed. "Refrigerator is doing very well, and demand is high both for mass and premium segments. Washing machine demand is also picking up as we are entering the monsoon season," Nandi told PTI. However, Nandi said the air-conditioner industry has seen a significant decline in demand. "June across the country, including north India, AC sales have gone down. At an industry level, sales have declined," he said. According to him, unseasonal weather patterns, including thunderstorms and lower evening temperatures in many regions, have reduced the need for cooling appliances. Moreover, consumers are postponing discretionary purchases amid inflationary pressures, he said. "Consumers are also down-trading to air coolers and fans because ACs have become quite expensive," Nandi said, adding that air-conditioner prices have risen by 18-20 per cent over the last few years following multiple rounds of price hikes. Another executive of a leading room air-conditioner brand, requesting anonymity, said the summer season was weaker than expected. "The season was not so good, especially in June. However, on a year-to-date basis, the industry has still reported value growth of around 35 per cent, aided by higher prices and premiumisation," the executive said. In contrast, beverage makers reported robust summer demand. Coca-Cola India and South West Asia Vice President, Customer Development, Abhishek Gupta, said the company continues to witness strong summer demand. "We continue to see solid summer demand, driven by immediate consumption, smaller pack formats, quick commerce, and on-the-go occasions," Gupta said. Gupta added that Coca-Cola, along with its bottling partners, is expanding the availability of chilled beverages by investing in cooling infrastructure and broader distribution. The strong performance in beverages was also reflected in the dairy segment. Mother Dairy Managing Director Jayatheertha Chary said the company has recorded more than 30 per cent volume growth in its fresh dairy and ice cream portfolio during the June quarter compared to the year-ago period. The growth was driven by strong demand for ice creams, curd and dairy beverages, along with increasing consumer preference for value-added dairy products, he added. Havmor Ice Cream Managing Director Debabrata Mukherjee said impulse categories such as cones, sticks and single-serve cups have continued to drive growth during the quarter. "Categories such as cones, sticks, and single-serve cups are seeing accelerated off-take, especially driven by quick commerce and immediate consumption occasions," he said. DS Group Business Head (Spices) Sandeep Ghosh said products such as raita masala, chhaachh masala, jal jeera, and black salt saw higher consumption during the summer months, reflecting consumers' preference for traditional hydration and digestive products. "This revival of hyper-local, time-tested flavours is particularly striking as it cuts across both rural markets and urban households, proving that traditional Indian products remain favourable during the summer months," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 28 2026 | 11:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BS Marketing Initiative First Published: Jun 27 2026 | 10:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Source: Strides Pharma Facebook Strides Pharma Science has agreed to sell a majority stake in its technology services subsidiary, Pivot Path, to a consortium led by private equity firm Ascent Capital, in a transaction that values the business at ?230 crore on a post-money basis. The transaction will allow the Bengaluru-based drugmaker to realise about ?1 billion while retaining an approximately 20 per cent stake in the company. As part of the deal, Pivot Path will also receive a ?50 crore primary capital infusion to fund expansion and investments in technology, including AI-led platforms. Following the completion of the transaction, Pivot Path will be reclassified from a wholly owned subsidiary to an associate company of Strides. Originally incubated within Arco Lab, Strides' global capability centre, Pivot Path was separated into an independent entity under a Scheme of Arrangement approved by the National Company Law Tribunal (NCLT) in May 2026. The company provides consulting, regulatory compliance, digital transformation and technology-enabled services to pharmaceutical and life sciences companies. For FY26, the carved-out business reported revenue of ?144.7 crore and earnings before interest, taxes, depreciation, and amortisation (Ebitda) of ?16.9 crore, including revenue generated from services provided to Strides. Strides said the investment is intended to support Pivot Path's next phase of growth while enabling the parent company to unlock value from the business and continue participating in its future growth. The valuation was based on an independent assessment carried out by a Securities and Exchange Board of India (Sebi)-registered merchant banker. Ascent Capital said it expects Pivot Path to expand its presence in the global life sciences sector by combining its domain expertise with AI-driven and technology-enabled solutions. First Published: Jun 27 2026 | 9:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
AI-driven cybersecurity firm Kratikal Tech Ltd will launch the ?39.7-crore initial public offering (IPO) for public subscription on June 30. The three-day issue, which will close on July 2, is entirely a fresh issue of up to 29.4 lakh equity shares. The anchor portion will open for a day on June 29, the company said in a statement. The company has fixed a price band at ?128-135 per share. Its shares will be listed on the BSE SME with a tentative listing date fixed as July 7, it added. The IPO proceeds will be used for investments in its subsidiaries - Threatcop FZ LLC, UAE, and Threatcop AI Inc, USA - towards sales and marketing activities and workforce expansion, besides funding product development and meeting general corporate requirements. "The proceeds from the issue will enable us to accelerate our global expansion, strengthen our product portfolio, invest in innovation, and further enhance our sales, marketing, and talent capabilities across key markets," Pavan Kumar, Chairman, MD & CEO of Kratikal Tech Ltd, said. Kratikal Tech operates an AI-driven Software-as-a-Service (SaaS) cybersecurity platform and serves more than 677 clients through its People Security Management platform, Threatcop, and technology and process security solutions under the Kratikal brand. For FY26, the company reported revenue of ?36.72 crore and profit after tax of ?6.14 crore. Beeline Capital Advisors is the sole book-running lead manager for the IPO. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 27 2026 | 7:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
AI-driven cybersecurity firm Kratikal Tech Ltd will launch the ?39.7-crore initial public offering (IPO) for public subscription on June 30. The three-day issue, which will close on July 2, is entirely a fresh issue of up to 29.4 lakh equity shares. The anchor portion will open for a day on June 29, the company said in a statement. The company has fixed a price band at ?128-135 per share. Its shares will be listed on the BSE SME with a tentative listing date fixed as July 7, it added. The IPO proceeds will be used for investments in its subsidiaries - Threatcop FZ LLC, UAE, and Threatcop AI Inc, USA - towards sales and marketing activities and workforce expansion, besides funding product development and meeting general corporate requirements. "The proceeds from the issue will enable us to accelerate our global expansion, strengthen our product portfolio, invest in innovation, and further enhance our sales, marketing, and talent capabilities across key markets," Pavan Kumar, Chairman, MD & CEO of Kratikal Tech Ltd, said. Kratikal Tech operates an AI-driven Software-as-a-Service (SaaS) cybersecurity platform and serves more than 677 clients through its People Security Management platform, Threatcop, and technology and process security solutions under the Kratikal brand. For FY26, the company reported revenue of ?36.72 crore and profit after tax of ?6.14 crore. Beeline Capital Advisors is the sole book-running lead manager for the IPO. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 27 2026 | 7:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
AI-driven cybersecurity firm Kratikal Tech Ltd will launch the ?39.7-crore initial public offering (IPO) for public subscription on June 30. The three-day issue, which will close on July 2, is entirely a fresh issue of up to 29.4 lakh equity shares. The anchor portion will open for a day on June 29, the company said in a statement. The company has fixed a price band at ?128-135 per share. Its shares will be listed on the BSE SME with a tentative listing date fixed as July 7, it added. The IPO proceeds will be used for investments in its subsidiaries - Threatcop FZ LLC, UAE, and Threatcop AI Inc, USA - towards sales and marketing activities and workforce expansion, besides funding product development and meeting general corporate requirements. "The proceeds from the issue will enable us to accelerate our global expansion, strengthen our product portfolio, invest in innovation, and further enhance our sales, marketing, and talent capabilities across key markets," Pavan Kumar, Chairman, MD & CEO of Kratikal Tech Ltd, said. Kratikal Tech operates an AI-driven Software-as-a-Service (SaaS) cybersecurity platform and serves more than 677 clients through its People Security Management platform, Threatcop, and technology and process security solutions under the Kratikal brand. For FY26, the company reported revenue of ?36.72 crore and profit after tax of ?6.14 crore. Beeline Capital Advisors is the sole book-running lead manager for the IPO. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 27 2026 | 7:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Likhitha Infrastructure announced that it has received an order worth approximately Rs 510 crore ($5,40,00,000) from China Petroleum Engineering and Construction Corporation-Abu Dhabi. The company clarified that the contract is not a related-party transaction and that neither its promoters nor promoter group entities have any interest in the deal. Likhitha Infrastructure is engaged in the business of laying gas supply pipelines and irrigation canals, building bridges over the canals and related maintenance works. On the financial front, the company's consolidated net profit declined 73.91% year-on-year to Rs 4.59 crore in the quarter ended March 2026 (Q4 FY26), compared with Rs 17.59 crore in the corresponding quarter last year. Revenue from operations fell 10.93% to Rs 120.69 crore in Q4 FY26 from Rs 135.50 crore in Q4 FY25. The counter slipped 1.19% to Rs 256.75 on the BSE. First Published: Jun 27 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The order pertained to turnkey Engineering, Procurement, and Construction (EPC) Contract for the 100 MW AC Solar Power Project in Maharashtra. First Published: Jun 27 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aurobindo Pharma announced that the United States Food and Drug Administration (USFDA) had completed an inspection at its wholly owned subsidiary, Auroactive Pharma, located in Andhra Pradesh. The inspection concluded with two observations. The company said it will respond to the observations within the stipulated timeline. Aurobindo Pharma reiterated its commitment to maintaining the highest quality manufacturing standards and said it will keep the stock exchanges informed of any further developments related to the inspection. Aurobindo Pharma is engaged in the manufacturing and marketing of active pharmaceutical ingredients (APIs), generic pharmaceuticals, and related services. The company reported a 2% rise in consolidated net profit to Rs 921.26 crore on a 4.4% increase in net sales to Rs 8,751.50 crore in Q4 FY26 over Q4 FY25. The counter advanced 1.65% to end at Rs 1,554.95 on the BSE. First Published: Jun 27 2026 | 3:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India Ratings and Research stated that the affirmation continues to reflect DCWs robust business profile, supported by a diversified product mix with multiple end-use applications. Further, the companys operational profile is supported by the steady increase in the profitability of its specialty chemicals segment over FY21-FY26, which structurally improves its EBITDA profile. The higher margins and the lower volatility in the specialty chemicals segment help soften the impact of the weakness and volatility in the commodity chemicals segment, which remained weak over FY24-FY26. However, the ratings remain constrained by DCWs scale of profitability and its susceptibility to cyclical lows in prices. While FY22-FY23 witnessed supernormal profits due to a sharp cyclical increase in chemical prices, DCWs FY26 EBITDA remained close to FY21 levels despite increased contribution from the specialty chemicals segment. Notwithstanding some recovery, led by improved caustic prices and clearance of old synthetic rutile inventory, the commodity segment EBITDA remained significantly lower than the historical averages with margins remaining low (3.5%, around 10%), mainly due to the subdued polyvinyl chloride (PVC) and soda ash prices. As a result of subdued commodity prices, DCWs EBITDA was lower than the managements expectations for FY26. The management expects a significant uptick in the EBITDA over the near-to-medium term, driven by increased contribution from the specialty chemicals segment backed by higher CPVC and synthetic iron oxide pigments (SIOP) capacities, as well as some improvement in the performance of the commodity chemicals division. India Ratings opines that the ability to increase the sustainable EBITDA scale would be a key monitorable. DCW manufactures a wide range of chemicals. It has five divisions: PVC, soda ash, caustic soda (including synthetic rutile), CPVC and SIOP. The scrip fell 2.88% to end at Rs 48.23 on the BSE on Thursday. First Published: Jun 27 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hike stake from 36.17% to 41.45% Tilaknagar Industries (TI) has made a follow-on investment of Rs 2 crore in Round The Cocktails, makers of ready-to-pour cocktail and mocktail mixers under the brand name Bartisans. With this investment, TI's stake in Bartisans will increase from 36.17 per cent to 41.45 per cent on a fully diluted basis. The Rs 2 crore investment is a primary infusion and the capital will be utilized to accelerate Bartisans' growth initiatives, bolster its quick commerce presence and support the launch of new single-serve packaging. TI had first invested in Bartisans in September 2024, driven by its conviction in India's rapidly evolving cocktail culture and the growing preference for premium and convenient at-home drinking experiences. This follow-on investment reinforces TI's confidence in Bartisans' growth journey and strengthens the partnership as the brand enters its next phase of expansion. First Published: Jun 27 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Alembic Pharmaceuticals has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Dapsone Gel, 5%. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Aczone Gel, 5%, of Almirall, LLC. Dapsone Gel is indicated for the topical treatment of acne vulgaris. Refer label for a detailed indication. Alembic has a cumulative total of 244 ANDA approvals (224 final approvals and 20 tentative approvals) from USFDA. First Published: Jun 27 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Venus Pipes and Tubes (VPTL) said that Crisil Ratings has revised its outlook on the long-term bank facilities of the company to 'positive' from 'stable' while reaffirming the rating at 'Crisil A'. The agency has also reaffirmed its 'Crisil A1 rating on the short-term bank facilities of the company. Crisil Ratings stated that the revision in outlook reflects improvement in the business and financial risk profiles of VPTL. Revenue grew to Rs 1,167 crore in fiscal 2026, from Rs 958 crore in fiscal 2025, owing to healthy demand from domestic and export markets. The operating margin stood at 17% in fiscal 2026. Further sustenance of revenue growth and profitability will remain a key monitorable. The ratings continue to reflect the extensive experience of the promoters in the stainless steel pipes business along with increasing scale of operations, healthy operating margin and moderate financial risk profile of the company. These strengths are partly offset by large working capital requirement and exposure to risks related to completion of capital expenditure (capex) and ramp up in scale. Venus Pipes and Tubes manufactures stainless steel pipes and tubes used in multiple industries. Strategically located on the Bhuj-Bhachau highway near Dhaneti in Kutch (Gujarat), its facility is in close proximity to the Kandla and Mundra ports. The company has manufacturing capacity of 48,000 tonne per annum (TPA) of welded and seamless pipes and tubes and 20,400 TPA of mother hollow pipes. The scrip had advanced 2.32% to end at Rs 1694.30 on the BSE on Thursday. First Published: Jun 27 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 27 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vikran Engineering said that it has accepted a turnkey EPC work order worth Rs 3,517.98 crore from NOPL Solar Projects for the development of a 969 MW AC solar power project across multiple locations in Maharashtra. The scope of work includes design, engineering, procurement, supply of solar PV modules and inverters, erection, testing and commissioning of the project. The order follows a restructuring of the project execution framework. The company had earlier received an EPC work order worth Rs 2,035.26 crore from Onix Renewable in December 2025 for execution of a 600 MW project. Of this, work worth approximately Rs 388.67 crore has been tentatively executed, while the balance contract value of around Rs 1,893.26 crore has been mutually cancelled. Following Vikran Engineering's acquisition of 100% equity in NOPL Solar Projects, the EPC execution has been realigned, with the project now being executed directly under a work order issued by NOPL. The company clarified that the cancellation of the earlier Onix Renewable contract was solely due to the revised contractual structure arising from the acquisition and was not related to any dispute, default or performance issue. It further stated that the revised arrangement is not expected to have any material adverse impact on its operations, financial position or business prospects. Vikran Engineering provides end-to-end services from conceptualization, design, supply, installation, testing, and commissioning on a turnkey basis and has a presence across multiple sectors, including power, water, and railway infrastructure. The scrip fell 1.19% to end at Rs 70.29 on the BSE on Thursday. First Published: Jun 27 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aurobindo Pharma announced that the United States Food and Drug Administration (US FDA) conducted an inspection at Auroactive Pharma (a wholly owned subsidiary of the Company), which manufactures Active Pharmaceutical Ingredients (API) & Pharmaceutical Formulation Intermediates, situated at Sy Nos 231, 285 to 291, Sancham Village, Ranasthalam Mandal, Srikakulam District, 523 409, Andhra Pradesh, from 22 June 2026, to 26 June 2026. The inspection concluded with 2 observations and will be responded to within the stipulated time. First Published: Jun 27 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Power Grid Corporation of India announced that project namely Transmission scheme for Solar Energy Zone in Ananthpuram (Ananthapur) (2500 MW) and Kurnool (1000 MW), Andhra Pradesh (Project) has been completely commissioned with effect from 24 June, 2026. The project was entrusted to POWERGRID Ananthpuram Kurnool Transmission, then a wholly owned subsidiary of Power Grid Corporation of India, which is amalgamated with POWERGRID Khawda II-C Transmission w.e.f. 01 March 2026 as per order dated 27 January 2026 of the Ministry of Corporate Affairs (MCA). First Published: Jun 27 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Company had earlier accepted a work order from Onix Renewable on 23 December 2025 for execution of the EPC works for the 600 MW project for Rs 2035.26 crore. Against the said earlier arrangement, work to the extent of around Rs 388.67 crore had been tentatively executed and the balance order value of around Rs 1,893.26 crore stands mutually cancelled pursuant to the revised contractual arrangement. Pursuant to the acquisition of 100% equity stake in NOPL by the Company, the project execution structure has been realigned and the EPC works for the project will now be executed directly under the work order awarded by developer (NOPL). Accordingly, the earlier work order issued by Onix Renewable has been mutually cancelled and replaced by the direct Work Order from NOPL for the same project vide letter dated 23 June 2026 from Onix Renewable to NOPL and Company. This change is solely on account of the restructuring of contractual arrangements following the acquisition and does not arise due to any dispute, default or performance-related issue. First Published: Jun 27 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ashoka Buildcon announced that it has received a letter of acceptance (LoA) for a four-lane highway construction project in Guyana. The project is valued at $35.42 million and is scheduled to be completed within 20 months. Ashoka Buildcon is engaged in the construction & maintenance of roads and supporting services to land support and operation of toll roads. On a consolidated basis, net profit plunged 67.5% YoY to Rs 146.80 crore in Q4 FY26, while revenue from operations fell 27.5% to Rs 1,954.30 crore. Profit before tax dropped 66.9% to Rs 159.52 crore. The counter declined 2.57% to end at Rs 130.80 on the BSE. First Published: Jun 27 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Info Edge (India) announced that its board has approved the appointment of Himanshu Agarwal as chief financial officer (CFO) for a term of 5 years, effective from 17 September 2026. Himanshu Agarwal is a qualified Chartered Accountant, Company Secretary and Cost and Management Accountant. He has over three decades of experience in finance leadership, corporate governance, mergers and acquisitions, and business transformation across listed organisations in India and internationally. Agarwal has held senior finance leadership positions at ICI India, AstraZeneca Pharma India, AkzoNobel India (where he also served as Whole Time Director), Huhtamaki Oyj (Flexible Packaging Division), Bennett, Coleman and Co. (Times Group), and is currently serving as whole time director and chief financial officer of Cohance Lifesciences. Info Edge (India) is India's premier online classifieds company in recruitment, matrimony, real estate, education and related services. The companys standalone net profit jumped 21.2% to Rs 309.13 crore on 17.17% increase in revenue from operations to Rs 805.09 crore in Q4 FY26 over Q4 FY25. The counter declined 3.09% to settle at Rs 978.85 on the BSE. First Published: Jun 27 2026 | 9:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 27 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 348.75% to Rs 30.47 crore For the full year,net profit reported to Rs 1.28 crore in the year ended March 2026 as against net loss of Rs 0.32 crore during the previous year ended March 2025. Sales rose 151.14% to Rs 62.91 crore in the year ended March 2026 as against Rs 25.05 crore during the previous year ended March 2025. First Published: Jun 27 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 23.38% to Rs 9.57 crore For the full year,net loss reported to Rs 1.59 crore in the year ended March 2026 as against net profit of Rs 1.01 crore during the previous year ended March 2025. Sales declined 36.53% to Rs 31.87 crore in the year ended March 2026 as against Rs 50.21 crore during the previous year ended March 2025. First Published: Jun 27 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Healthcare announced that Subject Expert Committee (SEC) of Central Drugs Standard Control Organisation (CDSCO) has recommended for grant of approval for manufacturing and marketing of Cenobamate Tablets. The company reported a standalone net loss of Rs 22.85 crore in Q4 FY26, compared with a net profit of Rs 11.17 crore posted in Q4 FY25. Revenue from operations shed 0.91% YoY to Rs 153.05 crore in Q4 FY26, compared with Rs 154.47 crore in the corresponding quarter last year. The counter declined 1.91% to settle at Rs 305.50 on the BSE. First Published: Jun 27 2026 | 8:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Crude prices fell by more than 3% on Friday, on course for steep weekly losses, as oil tankers kept exiting the Strait of Hormuz, easing supply concerns the day after a cargo vessel was hit near Oman. Brent crude futures settled at $71.99 a barrel, down $3.27, or 4.34%. US West Texas Intermediate finished at $69.23 a barrel, down $2.69 or 3.74%. Since the market closed ?last Thursday, the Brent benchmark fell 10.86%, while WTI fell 9.62% for the week. The market closed for a public holiday last Friday. "There is a growing sense that oil is going to keep moving through the Strait of Hormuz," said Phil Flynn, senior analyst with Price Futures Group. Prior to the agreement on 60-day ceasefire, markets worried supplies would fall short of demand, but those fears seem to be passing. "The predominant view, it appears, remains one of imminent oversupply," said PVM analyst Tamas Varga. "We're going to get a flood of oil," Flynn said. "I think we're going to see a huge flood of products." Oil giant Saudi Aramco resumed oil loading on Friday at its Ras Tanura terminal in the Gulf after a nearly four-month halt, shipping data ?from LSEG showed. Two very large crude carriers (VLCCs), which can load cargoes of 2 million barrels, took on crude at the terminal while another waited nearby, the data showed. "There is a general selloff as the market reacts to the increased flows exiting the Strait of Hormuz and China not yet picking up crude demand," said June Goh, senior oil market analyst at Sparta Commodities. On Thursday, both benchmark contracts jumped more than 2% after a cargo vessel was hit by an unknown projectile near Oman, prompting the UN's shipping agency to suspend its voluntary evacuation scheme. Two US officials told Reuters that Iran fired on the cargo ship as it attempted to pass ?through the strait. Iranian authorities said the security of vessels passing outside designated Hormuz routes is not guaranteed. On Friday, Iran reasserted its right to control shipping through the Strait of Hormuz and warned Gulf states against siding with ?the US Data on Thursday showed that crude shipments through the strait rose this week to their highest since the US-Israeli ?conflict with Iran began at the end of February. Despite the ceasefire deal that reopened the waterway, overall traffic is far below the pre-war daily average. Meanwhile, Russian authorities are considering a diesel export ban for several months, ?state news agency TASS said on Friday. Russia, a major diesel exporter, faces fuel supply issues after Ukrainian drone attacks extensively damaged its oil refineries and other energy infrastructure. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 27 2026 | 7:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Project Chittoor is turning fragmented farmland into profitable agroforestry hubs, helping migrant families return home with sustainable incomes from farming, livestock and solar. First Published: Jun 27 2026 | 7:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 27 2026 | 12:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 27 2026 | 12:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 27 2026 | 12:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Jun 26 2026 | 8:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
AlphaGrep Mutual Fund plans to leverage its 16-year quantitative investing expertise as it enters India’s mutual fund industry, beginning with a multi-asset fund. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 26 2026 | 7:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SIP-linked assets accounted for 40.4 per cent of active equity assets under management (AUM) at the end of May 2026, up from 40 per cent at the end of December 2025 and 38.8 per cent a year earlier. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SIP-linked assets accounted for 40.4 per cent of active equity assets under management (AUM) at the end of May 2026, up from 40 per cent at the end of December 2025 and 38.8 per cent a year earlier. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 69.84 lakh shares as against 41.84 lakh shares on offer. The retail individual investors category was subscribed 4.19 times, the non-institutional investors (NII) category was subscribed 1.30 times and the qualified institutional buyers (QIBs) portion was subscribed 1.01 times. The issue opened for bidding on 23 June 2026 and it closed on 25 June 2026. The price band of the IPO is fixed between Rs 769 and 808 per share. The IPO consisted entirely of a fresh issue of shares worth Rs 585 crore, with no offer-for-sale (OFS) component. At the upper end of the price band, the company was expected to be valued at Rs 5,849.48 crore post listing. The company proposed to use Rs 480 crore from the net proceeds to make lease payments to its step-down subsidiary, Baycruise Shipping and Leasing (IFSC). A portion of the proceeds was also earmarked for general corporate purposes. Waterways Leisure Tourism, operating under the Cordelia Cruises brand, is India's leading domestic ocean cruise operator. The company offers cruise services across major Indian coastal destinations and select international routes through its flagship vessel, MV Empress. As of March 2026, more than 7.3 lakh guests have sailed with Cordelia Cruises, making it one of the largest players in India's cruise tourism sector. The company focuses on delivering an India-centric cruise experience through local cuisine, entertainment, and curated coastal itineraries. It accounted for around 79% of India's cruise market by value in FY25 and plans to expand its fleet with two additional vessels by FY2028. Ahead of the IPO, Waterways Leisure Tourism on Monday, 22 June 2026, raised Rs 263.25 crore from anchor investors. The board allotted 32.58 lakh shares at Rs 808 each to 11 anchor investors. The firm reported a consolidated net profit of Rs 52.14 crore and sales of Rs 579.75 crore for the twelve months ended on 31 March 2026. First Published: Jun 26 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investor sentiment weakened due to ongoing concerns about the high costs of artificial intelligence infrastructure and uncertain returns. SoftBank Group plunged nearly 13% after reports that OpenAI may delay its planned initial public offering until 2027, postponing potential gains for the company. Other major tech stocks, including Kioxia Holdings, Fujikura, Advantest, Tokyo Electron, and Taiyo Yuden, also posted steep losses. On the economic front, Tokyo's core inflation rose for the first time in eight months, strengthening expectations that the Bank of Japan will continue raising interest rates. First Published: Jun 26 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bluspring Enterprises said that its wholly-owned step-down subsidiary STEAG Energy Services (India) has received an extension of contract for operations and maintenance of a 600 MW thermal power plant from Vedanta Power. The contract shall remain in force for a period of 5 years with effect from 01 July 2026. The estimated aggregate contract value, including additional services, is Rs. 406.43 crore. The value of this contract is 25.16% of the companys full market capitalization, which currently stands at Rs 1,615.31 crore. Bluspring Enterprises is an integrated infrastructure services enterprise. It delivers integrated facility management, food and hospitality, security (powered by Terrier), engineering asset management (powered by Hofincons), and telecom networks (powered by Vedang) through its category-leading brands. The company recorded a consolidated net profit of Rs 4.12 crore in Q4 FY26 as against a net loss of Rs 19.74 crore in Q4 FY25. Revenue rose by 7.9% year-on-year (YoY) to Rs 864.80 crore in the March 2026 quarter. The scrip had tumbled 5.28% to end at Rs 108.09 on the BSE on Thursday. First Published: Jun 26 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Financial services companies continue to have a strong presence in India’s corporate landscape | Imaging: Ajay Mohanty First Published: Jun 26 2026 | 4:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 26 2026 | 4:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fresh investment to strengthen capital base of Godrej Investment, which continues as a wholly owned subsidiary. The company said the investment was made based on a valuation report and has been completed. GIVL will continue to remain a wholly owned subsidiary of Godrej Industries following the transaction. The investment is a related-party transaction as GIVL is a wholly owned subsidiary of the company. Godrej Industries said the transaction was carried out at arm's length. Incorporated on 5 January 2026, GIVL is an unregistered Core Investment Company. It holds equity shares of Godrej Capital and Godrej Wealth & Asset Management. The acquisition is within the overall investment limit approved by shareholders under Section 186 of the Companies Act, 2013, the company said. As of the date of the disclosure, GIVL had a paid-up share capital of Rs 42.10 lakh. The company reported total consolidated income of Rs 2,477.72 crore for the period from 5 January 2026 to 31 March 2026. The Godrej Industries Group serves more than 1.1 billion consumers globally through businesses spanning FMCG, real estate, financial services, agriculture and chemicals. It is a market leader in several Indian segments, including residential real estate, animal feed, crude palm oil, oleochemicals, household insecticides, hair colour and air care. On a consolidated basis, Godrej Industries' net profit surged 142.67% to Rs 444.28 crore while net sales rose 33.12% to Rs 7693.72 crore in Q4 March 2026 over Q4 March 2025. Shares of Godrej Industries rose 0.42% to settle at Rs 1158.15 on 25 June 2026. The Indian stock market is shut today, 26 June 2026 for Muharram. First Published: Jun 26 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 26 2026 | 4:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 26 2026 | 4:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 26 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Crisil's assessment, covering 34 sectors that account for about 65 per cent of rated corporate debt, assumes Brent crude averages $80-85 per barrel this fiscal and gas supply disruptions persist for around four months | Illustration: Ajaya Mohanty The profitability impact of the recent West Asia conflict on corporate India is likely to be about half as severe as initially feared if the US-Iran ceasefire holds and energy supplies continue to normalise, Crisil Ratings said. The ratings agency said it now expects the conflict to shave around 100 basis points off India Inc's operating margins in fiscal 2027, compared with its earlier estimate of a 200-basis-point hit under a prolonged conflict scenario that included disruption to shipping through the Strait of Hormuz. The revised outlook follows a sharp correction in crude oil prices after the reopening of the Strait of Hormuz under a fragile US-Iran memorandum of understanding, although Crisil cautioned that geopolitical risks remain elevated and gas supplies could take longer to normalise. "If the armistice sustains, two-thirds of the 34 sectors (we assessed) will see minimal disruption, with margin recovery in the second half mostly offsetting pressures of the first half," said Subodh Rai, Managing Director, Crisil Ratings. "But the risk of conflict escalation persists, so we foresee corporate India staying cautious and continuing to focus on supply-chain diversifications." Crisil's assessment, covering 34 sectors that account for about 65 per cent of rated corporate debt, assumes Brent crude averages $80-85 per barrel this fiscal and gas supply disruptions persist for around four months. Under the revised scenario, only 10 sectors are expected to witness a meaningful decline in profitability, compared with 22 sectors under the agency's earlier stress-case assumptions. None of the sectors are expected to face a severe hit to either revenues or profitability. Among the sectors expected to remain under pressure are airlines, ceramics, flexible packaging, specialty chemicals, polyester textiles and diamond polishing, reflecting higher input costs, weaker pricing power and supply-chain disruptions. The agency said lower crude prices and gradually improving gas availability would provide relief to most industries, while government infrastructure spending and steady domestic demand should continue to support revenue growth. Oil marketing companies and fertiliser manufacturers are likely to be among the biggest beneficiaries of easing energy prices. Crisil estimates state-run fuel retailers incurred net under-recoveries of Rs 40,000-45,000 crore between March and May, but expects them to return to operating profitability this fiscal as crude prices retreat. Despite the improved outlook, Crisil warned that two key risks remain: the interim and non-binding nature of the US-Iran understanding, which leaves open the possibility of renewed conflict, and the emergence of El Nino conditions that could weaken monsoon rains and dampen rural demand. "The correction in crude prices and the gradual easing of both shipping-related costs and gas supplies provide timely relief to India Inc. While supply-side pressures are expected to abate, the geopolitical situation in West Asia remains fluid and escalation risks persist," said Somasekhar Vemuri, Senior Director, Crisil Ratings. "Softer crude prices would support the government's ability to sustain its capital expenditure push and respond to any demand-side impact. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 26 2026 | 3:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Transrail Lightning announced that it has has secured new international orders worth approximately Rs 459 crore primarily in the Transmission & Distribution (T&D) business. With these wins, the companys order inflow for the year has reached Rs 1,034 crore apart from which there is L1 position of around Rs 400 crore. Randeep Narang, MD & CEO, stated, The order wins further strengthen our position in the International T&D market and reflect the confidence our customers place in our engineering and execution capabilities. With a strong unexecuted order book and a healthy bidding pipeline, we remain well positioned to sustain our growth momentum while continuing to deliver projects with operational excellence and maintaining our focus on profitable growth." Transrail Lighting is a turnkey EPC company focused on power transmission and distribution projects. The company also operates in civil construction, railways, solar EPC, and poles and lighting. It has a presence in 63 countries across five continents and operates manufacturing facilities in India for transmission towers, conductors and monopoles. The company's consolidated net profit declined 24.14% to Rs 96.50 crore on a 3.94% drop in revenue from operations to Rs 1,831.45 crore in Q4 FY26 over Q4 FY25. The scrip declined 1.20% to settle at Rs 512.20 on Thursday, 25th June 2026. The stock market is shut today on account of Muharram. First Published: Jun 26 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Consequent to the aforesaid allotment, the paid-up share capital of the Company shall stand increased from Rs 11,71,75,990 to Rs 11,72,17,410. First Published: Jun 26 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 26 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The India Cements (ICL) said that CARE Ratings has reaffirmed the long-term rating of the company at 'CARE AAA' with 'stable' outlook. The agency has also affirmed the companys short-term rating at CARE A1+. CARE Ratings stated that the ratings continue to reflect the companys strong parentage of UltraTech Cement and ICLs strategic importance to UltraTech. Being part of the group, ICL is expected to benefit from the operational synergies flowing through from its parent to ICL in the medium term. The company has installed cement capacities of 14.75 metric tonne per annum (MTPA) with 13.25 MTPA in South India, having an established market position in South India. This is critical to UltraTech, which has significantly increased its presence in South India by acquiring ICL. The company completed 100% migration of legacy India Cements brands to the UltraTech branding platform. Going forward, sales are now routed entirely through UltraTech, which leverages its own dealer network and distribution channels, with ICL supplying cement directly to UltraTech as its sole customer. ICL has integrated operations with presence of captive power plants and limestone reserves. The companys capital structure has significantly improved in FY26 through debt reduction from cash flow generated from recoupment of loans and advances from group entities of erstwhile promoters sale of the Parlie grinding unit, reduction in capital advances, and sale of land and buildings and other non-core assets. However, CareEdge Ratings notes that ICL has been operating at moderate scale of operations with subdued profitability, partly because of the market-related dynamics and partly legacy issues in addressing operational inefficiencies under erstwhile promoters. UltraTech announced a capital expenditure plan of Rs 2,000 Rs 2050 crore to address operational efficiencies at ICL plants, which is expected to improve operating profitability in the medium term. Completion of the transition to the UltraTech brand is likely to result in better realisations from FY27 onwards, aided by stronger market positioning, supporting further margin expansion at these plants. ICL remains exposed to the cyclicality inherent in the cement industry and volatility in input costs and realisations with its presence in Southern India cement market which is characterised with overcapacity. The ongoing geopolitical tensions may lead to volatility in pet coke prices. The impact is partly mitigated by availability of raw material inventory sufficient for a quarter of operations. Prolonged input cost pressure could lead to higher operating costs and remains a key monitorable. The India Cements is a leading cement manufacturer in South India. As on March 31, 2026, the company boasts an installed production capacity of 14.75 MTPA. ICL became a subsidiary of UltraTech on 24 December 2024, following UltraTechs acquisition of a 55.49% majority stake, which increased to 81.49% post open offer. Currently, UltraTech holds 75% control in the company. The scrip had risen 0.35% to end at Rs 384 on the BSE on Thursday. The Indian stock market is shut today, 26 June 2026, for Muharram. First Published: Jun 26 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Transrail Lighting has secured new international orders worth approximately Rs 459 crore primarily in the Transmission & Distribution (T&D) business in the international market. The order wins mainly include EPC projects for construction of Transmission Lines in MENA region which further strengthens the Company's international order book. With this, the Transrail's order inflow for the year has reached Rs. 1,034 crore apart from which there is L1 position of around Rs. 400 crore. First Published: Jun 26 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 26 2026 | 2:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TVS Motor Company announced the introduction of exciting new colours and graphics for the TVS NTORQ 125 Disc and Race Edition variants. Building on the successful launch of the TVS NTORQ 150 and the feature upgrades introduced in the TVS NTORQ Race XP last year, this latest update revitalizes the TVS NTORQ portfolio ahead of the festive season. With its proven performance leadership in scooters, the new TVS NTORQ range now adds striking style enhancements that further elevate its sporty and youthful appeal. The TVS NTORQ 125 Race Edition will now feature three bold new colour combinations Drift Blue, Inferno Red and Rush Green, complemented by coloured alloy wheels that further accentuate its sporty styling. Inspired by racing cues and track-inspired energy, the new colour palette reflects the adrenaline and dynamism of TVS Racing. Crafted for youthful and performance-driven riders, these striking new shades and graphics further amplify the TVS NTORQ's aggressive styling and sporty character, while reinforcing the distinctive appeal of the Race Edition. The TVS NTORQ 125 Disc variant's style is further accentuated with the introduction of two new colour options - Midnight Black and Spiti White. In addition, the existing Nardo Grey colourway now features sharper graphics, adding a more contemporary and dynamic visual appeal to the variant. TVS NTORQ also partnered with Argentina Football Association for the ongoing World Cup 2026. The TVS NTORQ 125 Disc and Race Edition variants in the new colour and style enhancements will be available at an introductory price of ? 82,500 and ? 87,950 (Ex showroom Delhi) respectively across all TVS Motor dealerships. First Published: Jun 26 2026 | 2:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Flexi-cap funds lead equity inflows as individual investors drive MF growth Illustration: Binay Sinha First Published: Jun 26 2026 | 2:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Residential real estate continues to benefit from increasing formalisation, stronger balance sheets among leading developers and sustained end-user demand across key markets. First Published: Jun 26 2026 | 1:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lupin today announced that it has received tentative approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application for Enzalutamide Tablets, 40 mg, 80 mg, 120 mg, and 160 mg. The U.S. FDA has tentatively approved Lupin's Enzalutamide Tablets, 40 mg and 80 mg as bioequivalent to reference listed drug (RLD) Xtandi Tablets of Astellas for the indication in the approved labeling. While Xtandi Tablets are traditionally available in 40 mg and 80 mg strengths, Lupin's tentatively approved 120 mg and 160 mg strengths will provide healthcare providers and patients with alternative dosing options. First Published: Jun 26 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To establish pharma manufacturing facility in Sri Lanka Zydus Lifesciences and Sunshine Healthcare today announced the setting up of a strategic joint venture company - Zydus Sunshine Lifesciences, with an investment commitment of over USD 20 million to establish a pharmaceutical manufacturing facility in Sri Lanka, strengthening local production and reducing import dependence. The facility, to be located at the Board of Investment zone in Horana, will be developed on nearly four acres of land. The foundation stone was laid today, marking the formal commencement of the project. The plant will focus on manufacturing pharmaceutical products for Sri Lanka's retail market, improving access to high-quality medicines while supporting national supply chain resilience. The joint venture combines Zydus' global expertise in pharmaceutical manufacturing and technical know-how with Sunshine's strong local market presence and healthcare distribution capabilities. The partnership will support technology transfer, build local manufacturing capability, and create employment, contributing to the long-term development of Sri Lanka's healthcare ecosystem. The initiative comes at a critical time as Sri Lanka prioritises domestic production in essential sectors. By strengthening local pharmaceutical manufacturing capacity, the venture is expected to enhance supply security, reduce reliance on imports, and improve the affordability and availability of medicines. First Published: Jun 26 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Governor, Reserve Bank of India, Sanjay Malhotra yesterday met in Mumbai with representatives of various Export Federations, Export Promotion Councils, Export Committee of Confederation of Indian Industry and Foreign Exchange Dealers' Association of India. In his address, the Governor highlighted significant contribution of exporters to India's economic transformation and commended their resilience amid an uncertain global trade environment and evolving geopolitical challenges. He underscored the importance of such engagements in understanding stakeholder concerns and facilitating informed policy formulation. First Published: Jun 26 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Refex Industries announced that it has secured an order worth approximately Rs 21.15 crore from a major power producer, a Maharatna Central Public Sector Enterprise (CPSE). The order is scheduled to be executed over a period of 12 months. The company said the contract has been awarded by a domestic entity and does not involve any related-party transaction. Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions. The company reported consolidated net profit surged 87.96% to Rs 90.82 crore on a 57.14% rise in revenue from operations to Rs 934.17 crore in Q4 FY26 over Q4 FY25. Shares of Aether Industries rose 3.03% to settle at Rs 348.10 on 25 June 2026. The Indian stock market is shut today, 26 June 2026 for Muharram. First Published: Jun 26 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BEML said that it has received an additional export order valued at approximately $5.35 million from the Middle East region for the supply of heavy earth moving equipment for infrastructure development applications. In April this year, the company had bagged a contract worth $36.38 million from the Middle East region for the supply of heavy earth moving equipment. Consequent to the receipt of the aforesaid additional order, the aggregate value of the order received under the said contract enhanced from $36.38 million to approximately $41.73 million. "BEMLs total international order bookings as on date stands at approximately $112.35 million, the company stated. BEML is a multi-technology Schedule A company under the Ministry of Defence, operating across three verticalsdefence & aerospace, mining & construction, and rail & metro. As of 31 March 2026, the Government of India held a 54.03% stake in the company. The companys consolidated net profit declined 37.46% to Rs 179.82 crore in Q4 FY26, compared with Rs 287.55 crore in Q4 FY25. Revenue from operations increased 8.57% YoY to Rs 1,794.17 crore in Q4 FY26. The scrip shed 0.18% to end at Rs 1748.80 on the BSE on Thursday. The Indian stock market is shut today, 26 June 2026 for Muharram. First Published: Jun 26 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 26 2026 | 11:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 26 2026 | 11:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Micron and Qualcomm rallied on strong AI optimism, while Apple tumbled after raising product prices. Easing Treasury yields and hopes for softer inflation kept the broader U.S. market largely steady. The S&P 500 finished nearly unchanged with a dip of less than 0.1% after swinging between gains and losses throughout the day. The Dow Jones Industrial Average added 71 points (0.1%) and the Nasdaq composite fell 0.5%. The price for a barrel of Brent crude oil, the international standard, rose 2.2% to $75.50 Thursday. But its still well off its highs above $100 caused by the closure of the Strait of Hormuz because of the war, which slowed the global flow of oil. Earlier Thursday, it dropped near its roughly $72 price from before the war. The report said that a measure of inflation hitting U.S. consumers accelerated to 4.1% last month from 3.8% in April, but the hope is that inflation is set to ease because of a drop-off in oil prices. Micron Technology helped lead the market after jumping 15.7%. The maker of computer memory reported much bigger profit and revenue for the latest quarter than analysts expected, and it gave a stronger growth forecast for the current quarter than Wall Street expected. Micron and AI stocks broadly have been under pressure recently because of worries that their profits cant possibly keep pace with the tremendous rallies for their stock prices. Qualcomm said late Wednesday that the acceleration of the AI era is forcing it to upgrade forecasts for its own growth in upcoming years. Theyre the latest signals of the deluge of dollars heading into AI data centers and other investments. Qualcomm said it expects its revenue outside of handsets, including data centers, to hit $40 billion in its fiscal year of 2029, roughly double its prior target. Qualcomms stock rose 3.8%. Apple on Thursday raised prices for many of its products, including increases of 15% to 20% for Mac computers, according to analysts. Its stock slumped 6.1% and was the single heaviest weight on the S&P 500. SpaceX fell 1% to drop below $153 for its lowest finish since its ballyhooed debut on the Nasdaq earlier this month. In stock markets abroad, South Koreas Kospi jumped 5.4% after its own AI winners shot higher, including a 13.1% surge for SK Hynix. Other markets also rallied including gains of 4.6% for Japans Nikkei 225 and 0.7% for the United Kingdoms FTSE 100. A 1.4% drop for Hong Kongs Hang Seng was an outlier. In the bond market, Treasury yields eased to lessen the pressure on stocks and other investment prices. They regressed after a report showed inflation is behaving pretty much as economists expected. The yield on the 10-year Treasury slip to 4.39% from 4.41% late Wednesday and from 4.56% earlier this month. High yields in bond markets worldwide caused by worries about inflation are threatening to slow economies, and they have already sent rates higher for mortgages and other kinds of loans. High yields also hurt prices for investments, particularly those seen as the most expensive. That raises the pressure on AI winners. First Published: Jun 26 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 26 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reserve Bank Governor Sanjay Malhotra on Thursday met representatives of export organisations and discussed matters related to Foreign Exchange Management Act (FEMA). In his address, the Governor highlighted significant contribution of exporters to Indias economic transformation and commended their resilience amid an uncertain global trade environment and evolving geopolitical challenges. He underscored the importance of such engagements in understanding stakeholder concerns and facilitating informed policy formulation. First Published: Jun 26 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 26 2026 | 9:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 4.14% to Rs 111.22 crore For the full year,net profit declined 29.93% to Rs 8.50 crore in the year ended March 2026 as against Rs 12.13 crore during the previous year ended March 2025. Sales rose 1.11% to Rs 305.37 crore in the year ended March 2026 as against Rs 302.02 crore during the previous year ended March 2025. First Published: Jun 26 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 9.61% to Rs 57.64 crore For the full year,net profit declined 3.31% to Rs 14.90 crore in the year ended March 2026 as against Rs 15.41 crore during the previous year ended March 2025. Sales declined 10.27% to Rs 255.57 crore in the year ended March 2026 as against Rs 284.82 crore during the previous year ended March 2025. First Published: Jun 26 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 74.50% to Rs 0.51 crore For the full year,net loss reported to Rs 0.32 crore in the year ended March 2026 as against net loss of Rs 1.80 crore during the previous year ended March 2025. Sales rose 13.00% to Rs 2.26 crore in the year ended March 2026 as against Rs 2.00 crore during the previous year ended March 2025. First Published: Jun 26 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 55.77% to Rs 73.82 crore For the full year,net profit rose 117.65% to Rs 3.33 crore in the year ended March 2026 as against Rs 1.53 crore during the previous year ended March 2025. Sales rose 43.86% to Rs 244.25 crore in the year ended March 2026 as against Rs 169.78 crore during the previous year ended March 2025. First Published: Jun 26 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 26 2026 | 8:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 26 2026 | 8:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's unicorn slowdown contrasts with AI-fuelled global boom First Published: Jun 26 2026 | 8:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil and Natural Gas Corporation (ONGC) said that it has appointed Anupam Agarwal, Director (Finance), as its chief financial officer (CFO) & key managerial personnel (KMP) with immediate effect, replacing Yogish Nayak S. The appointment was approved by the company's Board of Directors on June 25, ONGC said in a regulatory filing. Agarwal brings over 35 years of experience in finance and commercial management in the oil and gas sector. A Fellow Member of the Institute of Cost Accountants of India and an Associate Member of the Institute of Company Secretaries of India, he has been associated with ONGC since 1990. Before joining ONGC's Board as Director (Finance), he served as Director (Finance) at ONGC Videsh from June 2022 and also chaired ONGC Overseas Investment (OOIL). During his tenure at ONGC Videsh, the company mobilised over $3 billion through financing arrangements and established OOIL at GIFT City as the group's Global Treasury Centre. ONGC said Agarwal's extensive experience in corporate finance, treasury management and strategic planning will support the company's growth and value-creation initiatives. ONGC is engaged in exploration, development and production of crude oil, natural gas and value-added products. ONGC reported a 3.1% rise in standalone net profit to Rs 6,649.97 crore in Q4 FY26, compared with Rs 6,448.28 crore in Q4 FY25. Revenue from operations added 2.7% year-on-year to Rs 35,928.18 crore in Q4 FY26. The counter declined 2.85% to close at Rs 233.20 on Thursday, 25 June 2026, on the BSE. First Published: Jun 26 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices fell on Friday morning and are heading for steep weekly losses amid easing supply concerns as more stranded oil tankers exited the Strait of Hormuz, even though a cargo vessel was hit near Oman on Thursday. Brent crude ?futures fell 19 cents, or 0.25 per cent, to $75.07 a barrel as of 0055 GMT, while US West Texas Intermediate fell 13 cents, or 0.18 per cent, to $71.79 a barrel. Both benchmark contracts jumped more than 2 per cent on Thursday after a cargo vessel was hit by an unknown projectile near Oman, prompting the U.N.'s shipping agency to suspend its voluntary evacuation scheme. Two US officials told Reuters that Iran fired on the cargo ship as it attempted to pass through the strait. Iranian authorities said the security of vessels passing outside designated Hormuz routes is not guaranteed. "With the geopolitical ?risk premium once again creeping back into prices, markets will be watching intently to see if tanker traffic resumes or if these latest hurdles force producers to tap the brakes on planned production increases," said IG analyst Tony Sycamore. Brent and WTI crude are both set for losses of close to 7 per cent this week. Data showed on Thursday that crude shipments through the Strait of Hormuz rose this week to their highest level since the US-Israeli conflict with Iran began in February after a ceasefire deal reopened the ?waterway, while concerns about how long the strait would stay open also boosted trade. However, overall traffic remain a fraction of the daily average of 125 ships passing ?through the strait before the February 28 conflict began. Meanwhile, earthquakes in Venezuela that happened on ?Thursday also raised supply concerns. Preliminary assessments by workers of Venezuela's vast oil, gas and refining infrastructure so far showed limited damage, as most of the country's largest ?output regions, refineries, pipelines and terminals are far from the hardest-hit areas. Still, a lack of power has cast doubt on whether oil output can be sustained at its pre-earthquake ?level of close to 1.2 million barrels per day, sources said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 26 2026 | 7:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock market holiday: BSE, NSE shut today for Muharram; next on Sept 14 First Published: Jun 26 2026 | 7:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For Indian retail chain Shoppers Stop, kidswear has emerged as one of its strongest-performing categories. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rollout was decided at a review meeting held by Railways Minister Ashwini Vaishnaw on Thursday This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 26 2026 | 12:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The CNG-powered motorcycle came with a lot of promise, and Bajaj rivals like TVS Motor Company and Hero MotoCorp were also contemplating entering the space. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hero MotoCorp has signed a fresh lease for 231,109 square feet of space for a tenure of nine years in Worldmark 6, with an estimated total rental outlay of ?593.8 crore First Published: Jun 25 2026 | 7:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IT stocks have remained under pressure amid persistent uncertainty over the global technology spending outlook. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 7:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 7:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 7:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and Sterling Bank of Asia (Sterling Bank), one of the most progressive banks in the Philippines, today announced the bank's decision to select Infosys Finacle Software-as-a Service (SaaS) platform for its transformation program. Sterling Bank has opted to leverage the Finacle Core Banking, Finacle Customer Data Hub, Finacle Trade Finance, and Finacle Origination solutions for its requirements. Through this strategic collaboration with Infosys Finacle, Sterling Bank expects to enhance the experience of both employees and customers, maintain high standards of availability and reliability in its banking services, and reduce operational complexity through automation and digitization, thereby supporting its future growth. With the new platform, Sterling Bank will be able to simplify management of technology operations by leveraging the SaaS-based deployment, allowing the bank to focus on strategic growth and innovation. Further, the bank will be able to drive faster innovation cycles while staying secure and compliant through access to periodic upgrades, security, and feature enhancements. In addition, the cloud-hosted model will help the bank scale seamlessly and on demand to support evolving business needs. First Published: Jun 25 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee has appreciated by 0.64 per cent so far in June, trimming its decline for the current calendar year to 4.79 per cent First Published: Jun 25 2026 | 6:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to the company, the economics of electric commercial vehicles are becoming increasingly attractive for fleet operators Tata Motors to begin isobutanol-blended diesel truck trials next quarter Tata Motors will begin pilot trials of trucks running on diesel blended with 2 per cent isobutanol next quarter, joining an industry-wide effort to evaluate alternative fuels as India seeks to reduce its dependence on imported crude oil. The company is working with government agencies and Hindustan Petroleum Corporation Ltd (HPCL) to source the blended fuel for the trials. Girish Wagh, executive director, Tata Motors, said the initial phase would assess vehicle performance and operational viability under real-world conditions. While isobutanol has a lower calorific value than conventional diesel, Wagh said the impact at a 2 per cent blending level is expected to be negligible. "We will start trials on 2 per cent blending of isobutanol on a pilot basis," he said, adding that the company is awaiting fuel supplies from HPCL before commencing testing. The initiative is part of a government-led programme involving vehicle manufacturers, testing agencies and fuel retailers to study the feasibility of introducing biofuels into the diesel ecosystem. The Ministry of Road Transport and Highways has been exploring alternative fuel pathways as part of a broader strategy to improve energy security and reduce transport-sector emissions. Industry executives said the programme mirrors the government's ethanol-blending initiative for petrol, which has helped reduce fossil fuel imports while creating additional demand for domestically produced biofuels. Although the current trials are limited to a 2 per cent blend, the findings could help policymakers assess whether higher blending levels are technically and commercially viable for heavy-duty vehicles. Wagh said the industry supports efforts to enhance India's energy independence and will work closely with regulators during the pilot phase. The trials are expected to generate critical data on fuel efficiency, engine performance and long-term durability before any wider rollout is considered. First Published: Jun 25 2026 | 6:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Jun 25 2026 | 6:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 178.16 crore shares as against 83.79 lakh shares on offer. The issue opened for bidding on 23 June 2026 and it will close on 25 June 2026. The price band of the IPO is fixed between Rs 130 and 138 per share. An investor can bid for a minimum of 100 equity shares and in multiples thereof. The IPO comprises a fresh issue of 1,19,68,000 equity shares aggregating up to Rs 165.16 crore. The objectives for the fresh issue include Rs 65 crore for funding working capital requirements, Rs 65 crore for repayment/pre-payment of certain outstanding borrowings, and remaining amount for general corporate purposes. The promoters are Nitin Gilara, Prateek Gilara, Vipul Gilara and Krishna Vardhan Gilara. The promoters and promoter group hold an aggregate of 3,20,10,000 equity shares, aggregating to 94.59% of the pre-offer issued and paid-up equity share capital. Their post IPO shareholding is expected to be around 69.88%. Advit Jewels is a Jaipur-based jewellery manufacturer and retailer engaged in designing and crafting handcrafted fine jewellery under the 'Rambhajo' brand. The company specializes in Kundan, Polki, diamond and studded jewellery, offering a diverse range of products including necklaces, earrings, rings, bangles and customized jewellery. It primarily operates on a B2B model, supplying products to dealers, showrooms and retailers across India, while also catering to select B2C customers through made-to-order offerings. With an integrated manufacturing facility in Jaipur and a presence across nearly 18 states, the company combines traditional craftsmanship with modern production techniques. Advit Jewels plans to expand its footprint through a franchise-led retail model, a flagship store in Jaipur and enhanced digital sales channels. Ahead of the IPO, Advit Jewels on Monday, 22 June 2026, raised Rs 49.52 crore from anchor investors. The board allotted 35.88 lakh shares at Rs 138 each to 4 anchor investors. The firm reported a consolidated net profit of Rs 25.44 crore and sales of Rs 123.79 crore for the nine months ended on 31 March 2026. First Published: Jun 25 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 60.93 lakh shares as against 41.84 lakh shares on offer. The issue opened for bidding on 23 June 2026 and it will close on 25 June 2026. The price band of the IPO is fixed between Rs 769 and 808 per share. An investor can bid for a minimum of 18 equity shares and in multiples thereof. The IPO is entirely a fresh issue of shares worth Rs 585 crore, with no offer-for-sale (OFS) component. At the upper end of the price band, the company is expected to be valued at Rs 5,849.48 crore post listing. The funds raised to the tune of Rs 480 crore will be used to make lease payments to the step-down subsidiary, Baycruise Shipping and Leasing (IFSC) Pvt. Ltd. A portion will also be used for general corporate purposes. Waterways Leisure Tourism, operating under the Cordelia Cruises brand, is India's leading domestic ocean cruise operator. The company offers cruise services across major Indian coastal destinations and select international routes through its flagship vessel, MV Empress. As of March 2026, more than 7.3 lakh guests have sailed with Cordelia Cruises, making it one of the largest players in India's cruise tourism sector. The company focuses on delivering an India-centric cruise experience through local cuisine, entertainment, and curated coastal itineraries. It accounted for around 79% of India's cruise market by value in FY25 and plans to expand its fleet with two additional vessels by FY2028. Ahead of the IPO, Waterways Leisure Tourism on Monday, 22 June 2026, raised Rs 263.25 crore from anchor investors. The board allotted 32.58 lakh shares at Rs 808 each to 11 anchor investors. The firm reported a consolidated net profit of Rs 52.14 crore and sales of Rs 579.75 crore for the twelve months ended on 31 March 2026. First Published: Jun 25 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Monarch Surveyors and Engineering Consultants announced that it has received a Letter of Acceptance (LOA) worth Rs 5.08 crore from Jaipur Development Authority (JDA). Monarch Surveyors and Engineering Consultants provides end-to-end consultancy services for infrastructure projects, including survey, design, and technical supervision for roads, railways, metros, town planning, geospatial mapping, land acquisition, water, transmission lines, pipelines, and other civil engineering sectors. The company reported a 16.1% rise in standalone net profit to Rs 34.83 crore on a 10.5% increase in revenue to Rs 154.14 crore in FY25 compared with FY24. Shares of Monarch Surveyors and Engineering Consultants ended flat on the BSE. First Published: Jun 25 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 5:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee appreciated 16 paise to settle at 94.39 (provisional) against the US dollar on Thursday as global crude oil prices continued to slide. Positive sentiments in the domestic equity markets and a marginally weaker greenback further supported the local unit while FII outflows prevented sharper gains. At the interbank foreign exchange, the rupee opened at 94.30 against the dollar and traded in the range of 94.13-94.56. It settled at 94.39 (provisional), up 16 paise from the previous close. Indian shares gave up some early gains to end modestly higher on Thursday. Underlying sentiment remained underpinned somewhat as oil prices extended declines to levels seen before the Middle East conflict on signs of improving flows through the Strait of Hormuz, a key maritime route that handles around one-fifth of global oil supplies. First Published: Jun 25 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Commitments are usually drawn down in tranches by fund managers and are reflected progressively in the funds raised First Published: Jun 25 2026 | 5:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 73.23 lakh shares as against 1.11 crore shares on offer. The issue opened for bidding on 24 June 2026 and it will close on 29 June 2026. The price band of the IPO is fixed between Rs 107 and 113 per share. An investor can bid for a minimum of 132 equity shares and multiples thereof. The IPO is entirely a fresh issue of shares worth Rs 145.78 crore at upper price band of Rs 113. The fresh issuance is of 1,29,01,000 shares. The funds raised to the tune of Rs 56.0 crore will be used towards funding working capital requirements, Rs 22.63 crore will be utilised towards repayment of part of the borrowings. A portion will be used towards funding acquisitions and also be used for general corporate purposes. Ahead of the IPO of CSM Technologies on 23 June 2026, the company raised Rs 20 crore from anchor investors by allotting 17.70 lakh shares at Rs 113 each to 2 anchor investors. CSM Technologies (CSM) is an IT solutions company that provides technology solutions to both government and private organisations. It specialises in providing Gov-tech solutions and digital transformation services. It provides technology solutions across sectors such as mining, agriculture, trade, education, healthcare and tourism. The company operates in 14 countries, including India, the United States, and Canada. Its order book stood at Rs 357.63 crore as of March 31, 2026. For the nine months ended 31 December 2026, the firm recorded a consolidated net profit of Rs 14.25 crore and sales of Rs 165.52 crore. First Published: Jun 25 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 5:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hind Rectifiers announced that it has incorporated a wholly owned subsidiary, Hirect Global Holdings in Dubai International Financial Centre (DIFC), United Arab Emirates on 25 June 2026. The subsidiary has been incorporated with authorized capital of AED 150,000 divided into 150 shares of AED 1,000 each. Hind Rectifiers holds 100% of the equity share capital of Hirect GHL. Hind Rectifiers is engaged in developing, designing, manufacturing, and marketing electronic, electrical, and electromechanical equipment; power electronic equipment; and railway traction equipment. On consolidated basis, the companys net profit tumbled 54.95% to Rs 4.50 crore in Q4 FY26 from Rs 9.99 crore in Q4 FY25. Revenue from operations jumped 51.22% YoY to Rs 279.81 crore in Q4 FY26. The counter declined 2.76% to settle at Rs 1121.40 on the BSE. First Published: Jun 25 2026 | 5:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Railway Finance Corporation's (IRFC) offer for sale (OFS) concluded on Thursday with the retail portion receiving a 41.39% subscription, while the non-retail segment was fully subscribed on the first day. The revised offer comprised 21.88 crore shares for non-retail investors and 2.43 crore shares for retail investors. The retail category included 1.31 crore shares under the base offer and 1.12 crore shares under the oversubscription option. At the close of bidding on 25 June 2026, the retail portion received bids for 1,00,61,078 shares, translating into a 41.39% subscription of the revised retail offer comprising 2.43 crore shares. All retail bids were backed by 100% margin. The non-retail portion had received bids for 21.87 crore shares on 24 June 2026, resulting in full subscription of the revised non-retail allocation. Of these, bids for 7.55 crore shares were backed by 100% margin, while bids for 14.32 crore shares were placed without margin. The clearing price for the non-retail portion was fixed at Rs 91 per share, which also became the cut-off price for retail investors. The indicative price for the non-retail segment stood at Rs 91.10 per share. The OFS also reserved up to 25,000 shares for eligible employees, who could apply for shares worth up to Rs 5 lakh. IRFC is a Navratna Central Public Sector Enterprise under the Ministry of Railways and the dedicated market borrowing arm of Indian Railways. It provides financing support for railway expansion, modernization and strategic infrastructure development. On a standalone basis, IRFC's net profit rose 0.15% to Rs 1684.31 crore while net sales rose 9.18% to Rs 7336.05 crore in Q4 March 2026 over Q4 March 2025. Shares of IRFC fell 0.83% to settle at Rs 91.73 on the NSE today. First Published: Jun 25 2026 | 4:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The benchmark indices ended marginally higher on Thursday, extending gains for a second straight session. The Nifty climbed to a more than one-month high of 24,261.60 around noon, supported by easing crude oil prices and buying in auto and FMCG stocks. However, profit booking in the second half erased most of the intraday gains, while weakness in metal, IT, oil & gas and energy stocks capped the upside. The Nifty still managed to close above the 24,000 mark. Broader markets underperformed, with the midcap and smallcap indices ending in the red. The S&P BSE Sensex added 109.25 points or 0.14% to 77,100.47. The Nifty 50 index rose 34.35 points or 0.14% to 24,056. In the two trading sessions, the Sensex and Nifty increased 1.18% and 0.97%, respectively. Mahindra & Mahindra (up 3.94%), Maruti Suzuki India (up 3.81%) and ICICI Bank (up 0.98%) supported the indices. The broader market underperformed frontline indices. The BSE 150 MidCap Index declined 0.44% and the BSE 250 SmallCap Index fell 0.51%. The market breadth was weak. On the BSE, 1,641 shares rose and 2,581 shares fell. A total of 192 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 2.50% to 13.05. Indian stock markets will remain closed on Friday, June 26, on account of Muharram. Trading on the NSE and BSE will resume on Monday, June 29. Numbers to Track: The yield on India's 10-year benchmark federal paper declined 0.07% to 6.782 compared with previous session close of 6.787. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.4000 compared with its close of 94.5500 during the previous trading session. MCX Gold futures for 05 August 2026 settlement advanced 0.24% to Rs 144,612. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.05% to 101.56. The United States 10-year bond yield rose 0.16% to 4.407. In the commodities market, Brent crude for July 2026 settlement declined 99 cents or 1.34% to $72.75 a barrel as stranded tankers exited ??the Strait of Hormuz following an initial accord to end the U.S.-Israeli war with Iran, easing supply concerns. Global Market: US stock futures pointed to a positive start for Wall Street on Thursday, with Dow Jones futures up 120 points. European stocks traded higher, led by technology shares, after upbeat forecasts from Micron Technology and Qualcomm eased concerns over lofty valuations in the AI sector. Lower oil prices also supported market sentiment. Most Asian market ended higher as strong earnings and optimistic outlooks from Micron and Qualcomm boosted confidence in AI-related stocks. Technology-heavy markets in Japan and South Korea led the gains. Micron said customers had committed $22 billion for its memory chips, while Qualcomm projected its data centre business could generate $15 billion in annual revenue by 2029. Recent concerns that AI-related stocks had become overvalued had triggered volatile trading. However, the latest updates from the two chipmakers helped restore investor confidence. Meanwhile, easing oil prices could help reduce inflationary pressures. However, prices remain elevated enough to keep expectations of at least one US Federal Reserve rate hike this year intact. Overnight, Wall Street ended mixed ahead of Micron's quarterly earnings. The Nasdaq Composite fell 0.43% to 25,476.64 and the S&P 500 slipped 0.10% to 7,358.22, while the Dow Jones Industrial Average gained 182.06 points, or 0.35%, to close at 51,848.90. Stocks in Spotlight: Shares of gold financing companies dropped on Thursday as a sharp decline in gold prices hurt investor sentiment. IIFL Finance dropped 3.06%, while Muthoot Finance fell 3.39%. Manappuram Finance ended up 0.11% after an early decline. Shares of airline operators rallied on Thursday after international crude oil prices extended their decline, raising hopes of lower fuel costs and improved profitability for the aviation sector. SpiceJet climbed 2.69%, while InterGlobe Aviation, the parent of IndiGo, advanced 4.89%. Sterlite Technologies hit an upper circuit of 5% to Rs 613.35 after the company announced the launch of its qualified institutional placement (QIP) issue and fixed the floor price at Rs 613.69 per equity share. Standard Engineering Technology (SETL) slumped 5.86%. The companys board approved the acquisition of up to a 51% stake in GScale Energy, marking its strategic entry into AI datacenter engineering. Electrosteel Castings fell 1.65%. The company announced the resumption of its Mini Blast Furnace (MBF) Production Facility at the Khardah Works, West Bengal, from 24th June 2026. RailTel Corporation of India fell 1.35%. The company has received a letter of acceptance (LoA) worth Rs 29.83 crore from Southern Power Distribution Company Of A P for the implementation of a Software Defined-Wide Area Network (SD-WAN) solution. Initial Public Offer (IPO): Waterways Leisure Tourism received bids for 60,47,118 shares as against 41,84,004 shares on offer, according to stock exchange data at 16:15 IST on 25 June 2026. The issue was subscribed 1.45 times. The issue opened for bidding on 23 June 2026 and it will close on 25 June 2026. The price band of the IPO is fixed between Rs 769 and 808 per share. An investor can bid for a minimum of 18 equity shares and multiples thereof. Advit Jewels received bids for 1,76,98,64,200 shares as against 83,79,300 shares on offer, according to stock exchange data at 16:15 IST on 25 June 2026. The issue was subscribed 211.22 times. The issue opened for bidding on 23 June 2026 and it will close on 25 June 2026. The price band of the IPO is fixed between Rs 130 and 138 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof. CSM Technologies received bids for 67,83,612 shares as against 1,11,30,880 shares on offer, according to stock exchange data at 16:15 IST on 25 June 2026. The issue was subscribed 0.61 times. The issue opened for bidding on 24 June 2026 and it will close on 29 June 2026. The price band of the IPO is fixed between Rs 107 and 113 per share. An investor can bid for a minimum of 132 equity shares and multiples thereof. First Published: Jun 25 2026 | 4:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank (India), Infosys and Tata Consultancy Services (TCS) were the top traded contract. In the cash market, the Nifty 50 index jumped 34.35 points or 0.14% to 24,056. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 2.50% to 13.05. HDFC Bank (India), Infosys and Tata Consultancy Services (TCS) were the top-traded individual stock futures contracts in the F&O segment of the NSE. The June 2026 F&O contracts will expire on 30 June 2026. First Published: Jun 25 2026 | 4:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 4:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty settled above the 24,050 mark. Metal, oil & gas and IT shares declined while auto, FMCG and realty shares advanced. As per provisional closing data, the S&P BSE Sensex, added 109.25 points or 0.14% to 77,100.47. The Nifty 50 index rose 34.35 points or 0.14% to 24,056. In the two trading sessions, the Sensex and Nifty increased 1.18% and 0.97%, respectively. In the broader market, the BSE 150 MidCap Index rose 0.30% and the BSE 250 SmallCap Index fell 0.11%. The market breadth was weak. On the BSE, 1,651 shares rose and 2,566 shares fell. A total of 197 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 2.50% to 13.05. In the commodities market, Brent crude for August 2026 settlement fell $1.07 or 1.45% to $72.67 a barrel. Indian stock markets will remain closed on Friday, June 26, on account of Muharram. Trading on the NSE and BSE will resume on Monday, June 29. Initial Public Offer (IPO): Waterways Leisure Tourism received bids for 58,59,972 shares as against 41,84,004 shares on offer, according to stock exchange data at 15:22 IST on 25 June 2026. The issue was subscribed 1.40 times. The issue opened for bidding on 23 June 2026 and it will close on 25 June 2026. The price band of the IPO is fixed between Rs 769 and 808 per share. An investor can bid for a minimum of 18 equity shares and multiples thereof. Advit Jewels received bids for 1,62,13,04,700 shares as against 83,79,300 shares on offer, according to stock exchange data at 15:22 IST on 25 June 2026. The issue was subscribed 193.49 times. The issue opened for bidding on 23 June 2026 and it will close on 25 June 2026. The price band of the IPO is fixed between Rs 130 and 138 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof. CSM Technologies received bids for 60,04,680 shares as against 1,11,30,880 shares on offer, according to stock exchange data at 15:22 IST on 25 June 2026. The issue was subscribed 0.54 times. The issue opened for bidding on 24 June 2026 and it will close on 29 June 2026. The price band of the IPO is fixed between Rs 107 and 113 per share. An investor can bid for a minimum of 132 equity shares and multiples thereof. Buzzing Index: The Nifty Auto index added 2.25% to 26,977.75. The index fell 0.77% in the previous two consecutive trading sessions. Samvardhana Motherson International (up 4.97%), TVS Motor Company (up 3.94%), Ashok Leyland (up 3.93%), Mahindra & Mahindra (up 3.87%), Maruti Suzuki India (up 3.79%), Uno Minda (up 3.04%), Tata Motors Passenger Vehicles (up 1.13%), Bharat Forge (up 1.08%), Bajaj Auto (up 1.02%) and Eicher Motors (up 0.44%) added. On the other hand, Tube Investments of India (down 3.83%), Exide Industries (down 2.43%) and Sona BLW Precision Forgings (down 0.34%) moved lower. Stocks in Spotlight: Sterlite Technologies hit an upper circuit of 5% after the company announced the launch of its qualified institutional placement (QIP) issue and fixed the floor price at Rs 613.69 per equity share. Standard Engineering Technology (SETL) fell 6.02%. The companys board approved the acquisition of up to a 51% stake in GScale Energy, marking its strategic entry into AI datacenter engineering. Texmaco Rail & Engineering shed 0.05%. The company received a letter of acceptance (LoA) worth Rs 6.28 crore from Western Railway. Electrosteel Castings fell 1.72%. The company announced the resumption of its Mini Blast Furnace (MBF) Production Facility at the Khardah Works, West Bengal, from 24th June 2026. RailTel Corporation of India fell 1.42%. The company has received a letter of acceptance (LoA) worth Rs 29.83 crore from Southern Power Distribution Company Of A P for the implementation of a Software Defined-Wide Area Network (SD-WAN) solution. Jupiter Wagons fell 1.77%. The company has secured two major orders with a combined value of approximately Rs 264.32 crore from JSW (South) Rail Logistics Private Limited and Central Warehousing Corporation (CWC). Global Markets: The Dow Jones index futures were up 156 points, hinting at a positive opening in US stocks today. European stocks traded higher on Thursday as a sharp decline in crude oil prices to near pre-conflict levels eased inflation concerns and prompted investors to scale back expectations of further monetary tightening by the European Central Bank. The reassessment follows the ECB's 25-basis-point rate hike earlier this month to counter energy-driven inflation, with lower oil prices boosting rate-sensitive sectors such as technology and real estate. Asian markets ended higher after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate concerns over the red-hot AI rally that has pushed global stocks to record highs. Tech-heavy markets in Japan and South Korea gained in trade after Micron said its customers had committed $22 billion for its memory chips, while Qualcomm stated that it anticipates $15 billion in sales from its data center business by 2029. Investor concern that valuations for AI-related companies have become stretched following years of gains has weighed on markets in recent days, leading to volatile sessions. Oil prices extended their decline as stranded tankers exited ??the Strait of Hormuz following an initial accord to end the U.S.-Israeli war with Iran, easing supply concerns. Brent crude futures dipped 0.5% to $73.34 a barrel, inching closer to pre-war levels. U.S. West Texas Intermediate fell 0.38% to $70.07 a barrel. Easing oil prices may help reduce some inflation pressure, but elevated prices are likely to keep the U.S. Federal Reserve under pressure to raise interest rates, with investors pricing in at least one rate increase this ??year. Overnight on Wall Street, the Nasdaq Composite pulled back on Wednesday as Micron Technology shares fell, with investors looking ahead to the release of the chipmaker's earnings after the bell. The tech-heavy index slipped 0.43% to end at 25,476.64, while the S&P 500 declined 0.10% to 7,358.22. The Dow Jones Industrial Average added 182.06 points, or 0.35%, to end at 51,848.90. First Published: Jun 25 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 4:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales of residential properties in Hyderabad rose to 14,410 units from 11,815 units Housing sales rose 19 per cent to 112,458 units during April-June across the top nine cities despite global economic uncertainties, according to PropEquity. Sales stood at 94,864 units in the year-ago period across the nine cities -- Mumbai, Navi Mumbai, Thane, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune and Kolkata. New supply of residential properties rose 43 per cent annually to 117,609 units during the April-June period. PropEquity founder and CEO Samir Jasuja said, "The Indian housing market has remained resilient despite the geopolitical uncertainties in the Middle East. Southern markets continue to lead growth, while Mumbai and Navi Mumbai have also seen strong demand. Although some regions such as Thane and Delhi-NCR have witnessed relatively softer activity, overall market sentiment remains positive". According to the data, the housing sales in Bengaluru rose to 21,516 units in April-June from 14,676 units in the year-ago period. In Chennai, sales increased to 6,323 units from 5,354 units. Sales of residential properties in Hyderabad rose to 14,410 units from 11,815 units. Mumbai saw sales rising to 10,561 units from 8,006 units, while Navi Mumbai witnessed housing sales growing to 11,029 units from 6,833 units. In Thane, the sales grew to 16,386 units from 14,832 units. Housing sales in Pune rose to 18,737 units from 17,196 units. However, sales in Delhi-NCR fell to 10,082 units from 11,703 units. In Kolkata, the sales declined to 3,414 units in April-June from 4,449 units in the year-ago period. Commenting on the report, Property First Realty founder and CEO Bhavesh Kothari attributed sales growth in Bengaluru to infrastructure expansion and job creation in the city. The demand remains strong from end-users and investors across all price points, he added. Robin Mangla, President of M3M India, said the 19 per cent surge in housing sales is a strong indicator of sustained consumer confidence and the underlying strength of the residential real estate sector. Umesh Gowda HA, chairman and founder of Sanjeevini Group, said: "India's housing market has demonstrated remarkable resilience despite the geopolitical tensions in the Middle East". Strong economic fundamentals, sustained policy support and healthy domestic demand have helped the sector remain largely insulated from external uncertainties, he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 25 2026 | 3:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Markets followed the positive momentum in US stock futures after Micron Technology delivered a strong outlook, boosting confidence in continued growth in the artificial intelligence sector. Japanese companies are seen as key beneficiaries of the global AI infrastructure expansion due to their significant presence in the semiconductor and technology supply chains. Sentiment was further supported by lower oil prices, as progress in US-Iran peace talks eased concerns over energy costs for Japans import-reliant economy. Chipmakers and AI-related stocks led the rally, with strong gains recorded by Kioxia Holdings, Tokyo Electron, Advantest, Taiyo Yuden, and Murata Manufacturing. First Published: Jun 25 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Chinese chipmakers and technology companies led the advance, with notable gains in Cambricon Technologies, Hygon Information Technology, SMIC, Eoptolink Technology, and NAURA Technology. Meanwhile, the People's Bank of China announced it will launch overnight reverse repo operations on June 2930 as part of the next stage of its monetary policy framework reforms. The new facility will work alongside the existing seven-day reverse repo rate of 1.4%, which remains the central banks key policy benchmark. First Published: Jun 25 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jindal Saw advanced 1.47% to Rs 261.70 after the company announced that the American Petroleum Institute (API) reinstated all its API licenses, allowing it to affix the API Monogram on its seamless pipes. The use of the API Monogram enables the company to resume the manufacture and supply of certified seamless pipes to global oil and gas majors, participate in tenders, and safeguard its core revenue streams. Jindal Saw is engaged into manufacturing of iron and steel pipes and pellets. The companys consolidated net profit declined 52.13% YoY to Rs 139.43 crore in Q4 FY26. Revenue from operations fell 8.19% YoY to Rs 4633.48 crore in Q4 FY26. First Published: Jun 25 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 3:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jupiter Wagons has secured two major orders with a combined value of approximately Rs 264.32 crore from JSW (South) Rail Logistics Private Limited and Central Warehousing Corporation (CWC). Separately, Central Warehousing Corporation, a Government of India enterprise, has awarded the company a contract worth Rs 141.44 crore for the manufacture and supply of eight BLSS rakes comprising 32 BLSS-A wagons, 352 BLSS-B wagons and eight brake vans. The order is expected to be completed within one year from the date of the Letter of Award (LoA). Together, the two orders have a cumulative value of approximately Rs 264.32 crore and further strengthen Jupiter Wagons' order book while underscoring the growing demand for modern freight transportation solutions across industrial and logistics sectors. Vivek Lohia, managing director, Jupiter Wagons, said: "These order wins from JSW (South) Rail Logistics and Central Warehousing Corporation further strengthen our growth momentum and reflect the continued confidence of leading logistics and infrastructure organisations in Jupiter Wagons' manufacturing capabilities and execution excellence. As India continues to invest in rail-led logistics, multimodal connectivity and freight infrastructure, we see sustained opportunities across both public and private sector customers. The demand for efficient, specialised and high-capacity rolling stock continues to grow. We are committed to supporting this transition through advanced wagon solutions that enhance logistics efficiency, improve turnaround times and contribute to the nation's infrastructure and economic growth objectives." The company stated that the orders are aligned with its strategy of strengthening India's rail freight ecosystem through innovative wagon platforms designed to meet evolving customer requirements. With diversified manufacturing capabilities and a broad product portfolio, Jupiter Wagons continues to support the modernization of the country's transportation and logistics infrastructure. Jupiter Wagons provides mobility and railway infrastructure solutions across freight wagons, locomotives, commercial vehicles and ISO marine containers. The company also manufactures components such as wheels, axles, brake systems, bogies and couplers, catering to sectors including railways, transportation, logistics, defence and infrastructure. On the financial front, the company's consolidated net profit declined 72.08% to Rs 28.83 crore in the quarter ended March 2026, compared with Rs 103.26 crore in the corresponding quarter of the previous year. Revenue from operations fell 25.31% to Rs 780.15 crore from Rs 1,044.55 crore reported in the year-ago period. The counter slipped 2.18% to Rs 261.90 on the BSE. First Published: Jun 25 2026 | 3:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Inox India Ltd, Mishra Dhatu Nigam Ltd, MMTC Ltd and Genus Power Infrastructures Ltd are among the other losers in the BSE's 'A' group today, 25 June 2026. Inox India Ltd, Mishra Dhatu Nigam Ltd, MMTC Ltd and Genus Power Infrastructures Ltd are among the other losers in the BSE's 'A' group today, 25 June 2026. CSB Bank Ltd crashed 5.86% to Rs 323.65 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 45125 shares were traded on the counter so far as against the average daily volumes of 15344 shares in the past one month. Inox India Ltd lost 5.37% to Rs 1880.65. The stock was the second biggest loser in 'A' group.On the BSE, 25082 shares were traded on the counter so far as against the average daily volumes of 48124 shares in the past one month. Mishra Dhatu Nigam Ltd tumbled 4.61% to Rs 415.3. The stock was the third biggest loser in 'A' group.On the BSE, 51108 shares were traded on the counter so far as against the average daily volumes of 96754 shares in the past one month. MMTC Ltd shed 4.59% to Rs 68.75. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.66 lakh shares were traded on the counter so far as against the average daily volumes of 8.77 lakh shares in the past one month. Genus Power Infrastructures Ltd fell 4.54% to Rs 333.1. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.25 lakh shares were traded on the counter so far as against the average daily volumes of 76867 shares in the past one month. First Published: Jun 25 2026 | 3:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Blue Cloud Softech Solutions Ltd, Panama Petrochem Ltd, Sedemac Mechatronics Ltd and Savita Oil Technologies Ltd are among the other losers in the BSE's 'B' group today, 25 June 2026. Blue Cloud Softech Solutions Ltd, Panama Petrochem Ltd, Sedemac Mechatronics Ltd and Savita Oil Technologies Ltd are among the other losers in the BSE's 'B' group today, 25 June 2026. TCI Express Ltd tumbled 11.47% to Rs 539.25 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 41006 shares were traded on the counter so far as against the average daily volumes of 11500 shares in the past one month. Blue Cloud Softech Solutions Ltd crashed 9.97% to Rs 21.03. The stock was the second biggest loser in 'B' group.On the BSE, 94.22 lakh shares were traded on the counter so far as against the average daily volumes of 57.97 lakh shares in the past one month. Panama Petrochem Ltd lost 9.95% to Rs 405. The stock was the third biggest loser in 'B' group.On the BSE, 43365 shares were traded on the counter so far as against the average daily volumes of 79437 shares in the past one month. Sedemac Mechatronics Ltd slipped 8.89% to Rs 2613.1. The stock was the fourth biggest loser in 'B' group.On the BSE, 68151 shares were traded on the counter so far as against the average daily volumes of 19544 shares in the past one month. Savita Oil Technologies Ltd corrected 8.42% to Rs 530. The stock was the fifth biggest loser in 'B' group.On the BSE, 24920 shares were traded on the counter so far as against the average daily volumes of 64729 shares in the past one month. First Published: Jun 25 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Chemicals up 6% as RBI’s NBFC rule brings Tata Sons listing in focus First Published: Jun 25 2026 | 3:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ampere, the electric two-wheeler brand of Greaves Electric Mobility, today announced it has crossed the significant milestone of 4 lakh scooters manufactured and sold in India. This achievement underscores Ampere's growing presence in India's mass electric mobility segment and reflects its steady evolution from an early EV pioneer to a trusted, high-growth brand, driving smart, accessible and affordable electric mobility solutions across India. This momentum is anchored in Ampere's approach - focused on delivering smart, durable and safe EVs engineered for Indian roads, weather and varied terrains with a strong emphasis on low total cost of ownership than ICE vehicles. Ampere also recorded a 51% year-on-year growth in FY26, with its market share increasing from 3.6% in FY25 to 4.4% in FY26, reinforcing its position among the leading players in India's electric two-wheeler market. Ampere's growing adoption is driven by products engineered to address key barriers to EV adoption. This milestone reflects growing confidence and trust in Ampere Electric Scooters be it first-time EV buyers, everyday riders, family commuters or business owners seeking practical solutions with lower costs. Based on a 100% LFP battery platform, it offers superior safety, thermal stability and long lifecycle of up to ~200,000 kms. First Published: Jun 25 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 2:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For its fields in Western Offshore basin As India's National Oil Company, ONGC plays a pivotal role in strengthening the country's energy security, accounting for approximately 64 per cent of India's domestic crude oil and natural gas production. Comprising 43 blocks, the Western Offshore Basin is ONGC's most prolific hydrocarbon-producing basin and has contributed significantly to India's energy requirements for over four decades. The agreement marks a significant expansion of the ONGC-bp collaboration from Mumbai High to the fields in the Western Offshore Basin. It will facilitate the wider deployment of advanced technologies, global technical expertise and best-in-class operating practices across some of India's most important mature hydrocarbon assets. ONGC will retain complete ownership and operational control of the assets. bp will work closely with ONGC's multidisciplinary teams to identify and implement focused interventions across reservoirs, wells and production facilities. The collaboration will seek to moderate natural production decline, improve hydrocarbon recovery and operational efficiency, and support sustained production growth. Under the terms of the contract, bp will receive a fixed fee for the first two years, followed by a service fee linked to a percentage share of revenue generated from net incremental hydrocarbon production. The agreement builds on the technical services contract signed by ONGC and bp for Mumbai High in February 2025. During the first year of collaboration, the two companies successfully moderated production decline and delivered growth through optimization of existing wells, enhanced surveillance and focused reservoir, well and facility-management initiatives. First Published: Jun 25 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To establish greenfield refractory recycling facility in Odisha RHI Magnesita has announced to enter into a strategic joint venture (JV) with Khemka Refractories, a renowned refractory raw-materials manufacturer in India. Together the companies will accelerate circular business models and establish a greenfield refractory recycling facility in the eastern state of Odisha, India. Strategically located in the heart of India's steel production and close to major Industrial manufacturers, the proposed facility will support the rapidly growing demand for closed loop sustainable solutions in the Indian refractory market by creating an integrated recycling supply chain. The joint venture will focus on the recovery, processing and reuse of spent refractory materials, increase the availability of high-value raw materials for refractories and other markets and provide customers with customized recycling and enhanced sustainability solutions. First Published: Jun 25 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Artificial intelligence (AI) emerged as a key theme as AI-native startups achieved unicorn status faster than companies in other sectors First Published: Jun 25 2026 | 2:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RailTel Corporation of India has received a Letter of Acceptance (LoA) worth Rs 29.83 crore from S Southern Power Distribution Company Of A P Limited for the implementation of a Software Defined-Wide Area Network (SD-WAN) solution. According to the LoA, the total contract value stands at Rs 29.83 crore (Rs 29,83,50,503), and the project is scheduled to be executed by 23 June 2031. RailTel Corporation of India was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways. The companys standalone net profit jumped 35.7% to Rs 143.52 crore in Q4 FY26, compared with Rs 105.78 crore in Q4 FY25. Revenue from operations rose 27.6% YoY to Rs 1,668.86 crore in Q4 FY26. The counter slipped 0.98% to Rs 314.45 on the BSE. First Published: Jun 25 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
CSB Bank hit a 52-week low in Thursday's trade. First Published: Jun 25 2026 | 2:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ITC stock outlook: Bajaj Broking sets an upside target price of ?330 based on the positive technical setup. First Published: Jun 25 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sheetal Cool Products has received an export order for the supply of its products, valued at approximately Rs 4 crore. The company stated that the name of the customer has not been disclosed due to confidentiality and commercial considerations. The order is to be executed by August 2026. The export order will be routed through a domestic merchant exporter. Incorporated in 1987, Sheetal Cool Products manufactures and sells ice cream, milk and milk products, namkeen, bakery and sweet products. The companys consolidated net profit jumped 72.36% to Rs 8.17 crore on a 42.50% rise in revenue from operations to Rs 133.21 crore in Q4 FY26 over Q4 FY25. Shares of Sheetal Cool Products fell 1.77% to Rs 476.95 on the BSE. First Published: Jun 25 2026 | 2:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
D B Corp Ltd is quoting at Rs 198.73, down 0.6% on the day as on 13:19 IST on the NSE. The stock tumbled 25.13% in last one year as compared to a 5.29% slide in NIFTY and a 13% fall in the Nifty Media index. D B Corp Ltd is down for a fifth straight session today. The stock is quoting at Rs 198.73, down 0.6% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.73% on the day, quoting at 24196.8. The Sensex is at 77531.26, up 0.7%.D B Corp Ltd has lost around 4.38% in last one month.Meanwhile, Nifty Media index of which D B Corp Ltd is a constituent, has increased around 10.32% in last one month and is currently quoting at 1519.3, down 0.14% on the day. The volume in the stock stood at 69061 shares today, compared to the daily average of 56211 shares in last one month. The PE of the stock is 10.73 based on TTM earnings ending March 26. First Published: Jun 25 2026 | 2:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Patanjali Foods Ltd is quoting at Rs 412.4, down 0.43% on the day as on 13:19 IST on the NSE. The stock tumbled 25.13% in last one year as compared to a 5.29% slide in NIFTY and a 10.33% fall in the Nifty FMCG index. Patanjali Foods Ltd is down for a fifth straight session today. The stock is quoting at Rs 412.4, down 0.43% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.73% on the day, quoting at 24196.8. The Sensex is at 77531.26, up 0.7%.Patanjali Foods Ltd has lost around 11.45% in last one month.Meanwhile, Nifty FMCG index of which Patanjali Foods Ltd is a constituent, has eased around 1.59% in last one month and is currently quoting at 49085.1, up 0.7% on the day. The volume in the stock stood at 11.28 lakh shares today, compared to the daily average of 30.93 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 412.15, down 0.46% on the day. Patanjali Foods Ltd tumbled 25.13% in last one year as compared to a 5.29% slide in NIFTY and a 10.33% fall in the Nifty FMCG index. The PE of the stock is 22.42 based on TTM earnings ending March 26. First Published: Jun 25 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sajjan Jindal-promoted JSW Infrastructure's qualified institutional placement (QIP) received bids worth over ?50,350 crore, nearly seven times the indicative issue size of up to ?7,503 crore, according to merchant bankers handling the issue. The QIP, launched on June 22, witnessed strong participation from leading domestic and global institutional investors, suggesting robust appetite for the country's ports and logistics infrastructure story. The company planned to raise up to ?7,502.7 crore through a QIP of 23 crore fresh equity shares, alongside an offer for sale (OFS) of 3.32 crore shares by the promoter. At the floor price of ?285 per share, the fresh issue is valued at ?6,555 crore and the OFS at ?947.7 crore. The shares were offered at a floor price of ?285 apiece, representing a 7.2 per cent discount to the company's June 22 closing price of ?307.25 on the BSE. According to merchant bankers, the company plans to utilise the proceeds from the fresh issue to fund greenfield port expansions, pursue strategic acquisitions and reduce debt. The strong investor response suggests confidence in the company's long-term growth strategy as it aims to expand its cargo-handling capacity to 400 million tonne per annum (MTPA) by FY30 while transforming into an integrated logistics solutions provider. JSW Infrastructure is India's second-largest private commercial port operator and is expanding its multimodal logistics network by strengthening rail connectivity, inland container depots (ICDs), multimodal logistics parks and coastal logistics capabilities. According to its latest investor presentation, JSW Infrastructure has guided for port business revenue of ?8,000 crore and EBITDA or operating profit of ?4,300 crore by FY28, while its logistics business is expected to generate revenue of ?2,800 crore and EBITDA of ?700 crore. The company has earmarked around ?9,000 crore in capital expenditure between FY25 and FY30 to support its expansion plans. Shares of JSW Infra were trading 2.69 per cent down at ?329.20 apiece on the BSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 25 2026 | 2:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 13:30 ST, the barometer index, the S&P BSE Sensex, soared 500.44 points or 0.65% to 77,512.65. The Nifty 50 index rose 153.95 points or 0.64% to 24,178.10. The broader market underperforms frontline indices. The BSE 150 MidCap Index jumped 0.08% and the BSE 250 SmallCap Index fell 0.22%. The market breadth was negative. On the BSE, 1,767 shares rose and 2,314 shares fell. A total of 203 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.39% to 12.93. Gainers & Losers: Maruti Suzuki India (up 4.82%), InterGlobe Aviation (up 4.53%), Max Healthcare Institute (up 4.57%) and Mahindra & Mahindra (up 4.26%) were the major Nifty50 gainers. Oil & Natural Gas Corporation (down 2.09%), Coal India (down 1.89%), Hindalco Industries (down 1.69%) and Titan Company (down 1.27%) were the major Nifty50 losers. Stocks in Spotlight: Sterlite Technologies hit the upper circuit of 5% after the company announced the launch of its qualified institutional placement (QIP) issue and fixed the floor price at Rs 613.69 per equity share. Standard Engineering Technology (SETL) fell 4.73%. The companys board approved the acquisition of up to a 51% stake in GScale Energy, marking its strategic entry into AI datacenter engineering. Texmaco Rail & Engineering rose 0.09%. The company received a letter of acceptance (LoA) worth Rs 6.28 crore from Western Railway. Electrosteel Castings fell 1.46%. The company announced the resumption of its Mini Blast Furnace (MBF) Production Facility at the Khardah Works, West Bengal, from 24th June 2026. Global Markets: European stocks opened higher on Thursday, led by gains in technology stocks, as strong forecasts from Micron and Qualcomm assuaged concerns about ballooning valuations in the sector, while easing oil prices provided further support. Asian markets traded higher after strong earnings and outlooks from chip giants Micron and Qualcomm helped alleviate some concerns over the red-hot AI rally that has pushed global stocks to record highs. Following the earnings announcement from chip majors, S&P 500 futures and Nasdaq 100 futures climbed 0.5% and 1.9%, respectively. Futures tied to the Dow Jones Industrial Average gained 29 points, or less than 0.1%. Tech-heavy markets in Japan and South Korea gained in trade after Micron said its customers had committed $22 billion for its memory chips, while Qualcomm stated that it anticipates $15 billion in sales from its data center business by 2029. Investor concern that valuations for AI-related companies have become stretched following years of gains has weighed on markets in recent days, leading to volatile sessions. Oil prices extended their decline as stranded tankers exited ??the Strait of Hormuz following an initial accord to end the U.S.-Israeli war with Iran, easing supply concerns. Brent crude futures dipped 0.5% to $73.34 a barrel, inching closer to pre-war levels. U.S. West Texas Intermediate fell 0.38% to $70.07 a barrel. Easing oil prices may help reduce some inflation pressure, but elevated prices are likely to keep the U.S. Federal Reserve under pressure to raise interest rates, with investors pricing in at least one rate increase this ??year. Overnight on Wall Street, the Nasdaq Composite pulled back on Wednesday as Micron Technology shares fell, with investors looking ahead to the release of the chipmaker's earnings after the bell. The tech-heavy index slipped 0.43% to end at 25,476.64, while the S&P 500 declined 0.10% to 7,358.22. The Dow Jones Industrial Average added 182.06 points, or 0.35%, to end at 51,848.90. First Published: Jun 25 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From Tata Power Renewable Energy Suzlon has secured Tata Power Renewable Energy's new EPC contract for a 400 MW wind energy project. This repeat order, awarded in less than 12 months, brings the cumulative partnership across Karnataka, Maharashtra, Tamil Nadu, and Andhra Pradesh to over 1 GW. With this order, Suzlon's orderbook in Andhra Pradesh now stands close to 1 GW, marking a key milestone in one of India's leading wind markets. Suzlon's current installed base in Andhra Pradesh stands at 2 8 . 44 % of Suzlon's installed base in South India. As a part of the new project, Suzlon will install 127 flagship S144 wind turbine generators (WTGs), with a rated capacity of 3.15 MW. Suzlon will also deliver the project through its comprehensive EPC offering, covering land acquisition, turbine supply, Ba lance of Plant (BoP), Pooling substation (PSS), Extra High Voltage Line (EHV), commissioning, and operations & maintenance services. The project is set to be executed in the Anantapur district of Andhra Pradesh. First Published: Jun 25 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 12:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank of India (RBI) has issued Amendment Directions on 'Review of Framework of Limiting Customer Liability in Digital Transactions. This basically offers revised customer protection norms for digital banking transactions, widening the scope of existing rules to cover a broader range of fraudulent electronic transactions and introducing a compensation mechanism for victims of small-value digital frauds. RBI has expanded the framework beyond unauthorised transactions to include a broader category of "fraudulent electronic banking transactions" (EBTs). The draft Amendment Directions inter alia proposed to enhance the scope of existing instructions on limiting liability of customers in unauthorised electronic banking transactions to cover other categories of fraudulent electronic banking transactions. The norms also cover both card-present and card-not-present transactions. RBI has also introduced a compensation mechanism for small-value frauds. Individual customers, including sole proprietors, who suffer losses of up to Rs 50,000 due to fraudulent electronic transactions may receive compensation amounting to 85% of the net loss or Rs 25,000, whichever is lower. To qualify, customers must report the fraud both to their bank and through the National Cyber Crime Reporting Portal or Cyber Crime Helpline 1930 within five calendar days of the incident. First Published: Jun 25 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Government stated in a latest update that India is steadily positioning itself as one of the world's leading tourism destinations. Ranked 8th among the world's top tourism economies, it contributes US $231.6 billion to the national economy. The World Travel & Tourism Council (WTTC) projects India will rise to the 4th place globally over the next decade, reflecting its growing influence in the global tourism landscape. Travel facilitation is being strengthened through the significant expansion of the e-Visa system, making India more accessible to visitors from a large number of countries. The transformation is already visible on the ground. Over the last decade, more than 100 destinations have been upgraded through various tourism infrastructure schemes, resulting in a significantly improved visitor experience. The proposed development of 50 key destinations will further enhance destination quality, amenities, and tourism readiness. Improved highways, modern airports, UDAN connectivity, Vande Bharat trains, railway modernisation, and stronger last-mile connectivity are making travel easier than ever before. As destinations become more accessible, new opportunities are emerging for local communities and tourism enterprises. India's international tourism outreach is likewise entering a new phase. A revitalised Incredible India campaign, has enhanced digital promotion, participation in international travel marts, roadshows, and strategic partnerships is strengthening the country's presence in key source markets. Together, these efforts are laying the foundation for a tourism sector that is more resilient, more inclusive, and more globally competitive. First Published: Jun 25 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gross leasing of office spaces fell 2 per cent to 17.4 million sq ft during April-June across seven major cities on lower fresh supply, according to Colliers India. The gross leasing stood at 17.8 million sq ft in the year-ago period. Leasing of office spaces rose in Bengaluru, Delhi-NCR and Hyderabad, but fell in Mumbai, Pune, Chennai and Kolkata. As per the data, the gross leasing rose 8 per cent in Bengaluru to 5.2 million sq ft during April-June from 4.8 million sq ft in the year-ago period. In Delhi-NCR, the office leasing increased 23 per cent to 2.7 million sq ft from 2.2 million sq ft. The leasing in Hyderabad rose 19 per cent to 3.8 million sq ft from 3.2 million sq ft. However, the gross leasing in Mumbai fell 29 per cent to 2 million sq ft from 2.8 million sq ft. Chennai witnessed a fall of 23 per cent to 2 million sq ft from 2.6 million sq ft, while Pune saw a decline of 25 per cent to 1.2 million sq ft from 1.6 million sq ft. In Kolkata, the office leasing fell 17 per cent to 0.5 million sq ft in April-June from 0.6 million sq ft in the year-ago period. Gross absorption does not include lease renewals, pre-commitments and deals where only a letter of Intent has been signed. While Grade A space uptake moderated slightly in April -June following a robust first quarter, the market largely remained resilient despite ongoing global trade disruptions and economic uncertainties, the consultant said. The fresh supply of office spaces fell 28 per cent to 10.7 million sq ft in the second quarter of this calendar year from 14.9 million sq ft in the year-ago period. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 25 2026 | 12:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 12:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 11:30 ST, the barometer index, the S&P BSE Sensex, surged 541.73 points or 0.70% to 77,532.95. The Nifty 50 index added 169.40 points or 0.71% to 24,191.05. In the broader market, the BSE 150 MidCap Index added 0.24% and the BSE 250 SmallCap Index fell 0.02%. The market breadth was positive. On the BSE, 1,900 shares rose and 1,962 shares fell. A total of 231 shares were unchanged. In the commodities market, Brent crude for August 2026 settlement fell $1.25 or 1.70% to $72.49 a barrel. Initial Public Offer(IPO): Waterways Leisure Tourism received bids for 28,47,294 shares as against 41,84,004 shares on offer, according to stock exchange data at 11:22 IST on 25 June 2026. The issue was subscribed 0.68 times. The issue opened for bidding on 23 June 2026 and it will close on 25 June 2026. The price band of the IPO is fixed between Rs 769 and 808 per share. An investor can bid for a minimum of 18 equity shares and multiples thereof. Advit Jewels received bids for 66,33,63,500 shares as against 83,79,300 shares on offer, according to stock exchange data at 11:22 IST on 25 June 2026. The issue was subscribed 79.17 times. The issue opened for bidding on 23 June 2026 and it will close on 25 June 2026. The price band of the IPO is fixed between Rs 130 and 138 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof. CSM Technologies received bids for 37,72,428 shares as against 1,11,30,880 shares on offer, according to stock exchange data at 11:22 IST on 25 June 2026. The issue was subscribed 0.34 times. The issue opened for bidding on 24 June 2026 and it will close on 29 June 2026. The price band of the IPO is fixed between Rs 107 and 113 per share. An investor can bid for a minimum of 132 equity shares and multiples thereof. Buzzing Index: The Nifty Realty index rose 1% to 831.80. The index added 3.19% in the two consecutive trading sessions. Aditya Birla Real Estate (up 2.37%), Lodha Developers (up 1.84%), Godrej Properties (up 1.55%), Phoenix Mills (up 1.37%) and Prestige Estates Projects (up 1.31%), Oberoi Realty (up 1.03%), DLF (up 0.95%) added. On the other hand, Brigade Enterprises (down 1.6%), Anant Raj (down 0.25%) and Sobha (down 0.05%) moved lower. Stocks in Spotlight: Sterlite Technologies hit the upper circuit of 5% after the company announced the launch of its qualified institutional placement (QIP) issue and fixed the floor price at Rs 613.69 per equity share. Concord Biotech rose 0.60%. The company has announced the successful completion of inspection of the companys Unit-II formulation facility by the Pharmacy and Poisons Board (PPB) from Kenya and the National Drug Authority (NDA) from Uganda. Electrosteel Castings shed 0.31%. The company announced the resumption of its Mini Blast Furnace (MBF) Production Facility at the Khardah Works, West Bengal from 24th June 2026. Texmaco Rail & Engineering rose 1.16% after the company received a letter of acceptance (LoA) worth Rs 6.28 crore from Western Railway. Global Markets: Asian markets traded higher on Thursday after strong earnings and outlooks from chip giants Micron and Qualcomm helped alleviate some concerns over the red-hot AI rally that has pushed global stocks to record highs. Following the earnings announcement from chip majors, S&P 500 futures and Nasdaq 100 futures climbed 0.5% and 1.9%, respectively. Futures tied to the Dow Jones Industrial Average gained 29 points, or less than 0.1%. Tech-heavy markets in Japan and South Korea gained in trade after Micron said its customers had committed $22 billion for its memory chips, while Qualcomm stated that it anticipates $15 billion in sales from its data centre business by 2029. Investor concern that valuations for AI-related companies have become stretched following years of gains has weighed on markets in recent days, leading to volatile sessions. Oil prices extended their decline as stranded tankers exited ??the Strait of Hormuz following an initial accord to end the U.S.-Israeli war with Iran, easing supply concerns. Brent crude futures dipped 0.5% to $73.34 a barrel, inching closer to pre-war levels. U.S. West Texas Intermediate fell 0.38% to $70.07 a barrel. Easing oil prices may help reduce some inflation pressure but elevated prices are likely to keep the U.S. Federal Reserve under pressure to raise interest rates with investors pricing in at least one rate increase this ??year. Overnight on Wall Street, the Nasdaq Composite pulled back on Wednesday as Micron Technology shares fell, with investors looking ahead to the release of chipmakers earnings after the bell. The tech-heavy index slipped 0.43% to end at 25,476.64, while the S&P 500 declined 0.10% to 7,358.22. The Dow Jones Industrial Average added 182.06 points, or 0.35%, to end at 51,848.90. First Published: Jun 25 2026 | 11:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Duncan Engineering announced that it has received an order worth Rs 5.54 crore from Bharat Petroleum Corporation (BPCL), a Government of India undertaking. The company said the order is expected to be executed within eight months from the date of receipt. The total contract value is estimated at Rs 5.54 crore. Duncan Engineering noted that the order is strategic in nature and is likely to be executed at negligible margins. The company further clarified that the transaction does not qualify as a related-party transaction and that neither its promoters nor promoter group entities have any interest in the contract. Duncan Engineering manufactures fluid power and automation products. As of 25 June 2026, the company had a market capitalisation of Rs 135.75 crore. On the financial front, the company reported a 5.60% decline in net profit to Rs 1.18 crore for the quarter ended March 2026, compared with Rs 1.25 crore in the corresponding quarter of the previous year. Revenue from operations rose 20.84% to Rs 24.82 crore from Rs 20.54 crore in the quarter ended March 2025. The counter slipped 1.79% to Rs 367.30 on the BSE. First Published: Jun 25 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rajesh Exports falls 5%, hits lower circuit for 2nd day after ED action First Published: Jun 25 2026 | 11:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of airline operators rallied on Thursday after international crude oil prices extended their decline, raising hopes of lower fuel costs and improved profitability for the aviation sector. Brent crude fell to around $72.5 a barrel, its lowest level since before the Iran conflict, as easing concerns over Middle East supply disruptions weighed on prices. The benchmark has erased most of the gains recorded during the conflict. The decline followed improving crude flows through the Strait of Hormuz after a preliminary U.S.-Iran agreement and the resumption of tanker traffic. Higher crude exports from the Middle East and ample near-term supplies have also softened the physical oil market. Lower crude prices are generally positive for airlines because aviation turbine fuel (ATF), which is linked to global oil prices, is one of their largest operating expenses. A sustained decline in crude prices can help reduce fuel costs and support profit margins. First Published: Jun 25 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Onward Technologies rose 1.63% to Rs 273.85 after the company announced that it had secured an engineering services contract valued at Rs 33 crore from a leading global power management company. The company stated that neither its promoters nor promoter group entities have any interest in the awarding of the contract. Onward Technologies is a software outsourcing company specialising in digital and ER&D services. The companys consolidated net profit declined 8.26% to Rs 9.55 crore in the quarter ended March 2026 as against Rs 10.41 crore during the previous quarter ended March 2025. Sales rose 7.72% to Rs 137.12 crore in the quarter ended March 2026 as against Rs 127.29 crore during the previous quarter ended March 2025. First Published: Jun 25 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Monsoon forecast First Published: Jun 25 2026 | 11:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 11:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Euro attempts recovery against the dollar on Thursday after being pushed to its lowest level in almost a year. EUR/USD is seen quoting at $1.1403, up marginally on the day after the counter was severely battered through the week and last as dollar firmed up on a hawkish Fed stance. Possibility of more than one Federal rate hike this year to tame soaring inflation is seen propping dollar and weighing on dollar denominated assets. The dollar index is trading above 101 mark and yield on the US 10-year Treasury note is also hovering around 4.4% this morning. Investors also continued to evaluate the outlook for Federal Reserve policy ahead of a key US inflation report that could help shape expectations for interest rates. On the NSE, EUR/INR futures are down around 0.12% at 107.40. First Published: Jun 25 2026 | 11:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Texmaco Rail & Engineering rose 1.36% to Rs 111.40 after the company received a letter of acceptance (LoA) worth Rs 6.28 crore from Western Railway. Texmaco Rail & Engineering (TEXMACO) is a listed company and part of the Adventz Group. Texmaco is a key player in the railway and infrastructure sector. It operates across three business segments: Freight Cars, Rail Infrastructure & Green Energy, and Infrastructure Electrical. The company reported a 45.03% year-on-year increase in consolidated net profit to Rs 57.68 crore in Q4 FY26, compared with Rs 39.77 crore in the corresponding quarter last year. First Published: Jun 25 2026 | 11:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Global Health Ltd saw volume of 10.02 lakh shares by 10:46 IST on BSE, a 60.42 fold spurt over two-week average daily volume of 16586 shares Bharat Electronics Ltd, Ashok Leyland Ltd, Physicswallah Ltd, Tata Chemicals Ltd are among the other stocks to see a surge in volumes on BSE today, 25 June 2026. Global Health Ltd saw volume of 10.02 lakh shares by 10:46 IST on BSE, a 60.42 fold spurt over two-week average daily volume of 16586 shares. The stock increased 0.52% to Rs.1,323.55. Volumes stood at 22858 shares in the last session. Bharat Electronics Ltd registered volume of 135.42 lakh shares by 10:46 IST on BSE, a 9.54 fold spurt over two-week average daily volume of 14.19 lakh shares. The stock slipped 0.68% to Rs.410.95. Volumes stood at 5.07 lakh shares in the last session. Ashok Leyland Ltd notched up volume of 148.9 lakh shares by 10:46 IST on BSE, a 8.28 fold spurt over two-week average daily volume of 17.97 lakh shares. The stock rose 2.52% to Rs.158.85. Volumes stood at 7.86 lakh shares in the last session. Physicswallah Ltd saw volume of 124.78 lakh shares by 10:46 IST on BSE, a 6.27 fold spurt over two-week average daily volume of 19.89 lakh shares. The stock increased 1.20% to Rs.126.60. Volumes stood at 5.26 lakh shares in the last session. Tata Chemicals Ltd clocked volume of 2.69 lakh shares by 10:46 IST on BSE, a 6.15 times surge over two-week average daily volume of 43789 shares. The stock gained 3.81% to Rs.755.30. Volumes stood at 18673 shares in the last session. First Published: Jun 25 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sterlite Technologies hit the upper circuit of 5% at Rs 612.75 after the company announced the launch of its qualified institutional placement (QIP) issue and fixed the floor price at Rs 613.69 per equity share. The floor price of Rs 613.69 is at a premium of 5.16% to the scrips previous closing price of Rs 583.60 on the BSE. The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the bookrunning lead managers appointed for the issue. Sterlite Technologies provides advanced connectivity solutions and offers end-to-end products and services for AI-ready infrastructure, FTTx, rural broadband, enterprise and data centre networks. On a consolidated basis, the company reported a net profit of Rs 59 crore in Q4 FY26 compared with a net loss of Rs 40 crore in Q4 FY25. Revenue from operations increased 36.98% year-on-year to Rs 1,441 crore during the quarter. First Published: Jun 25 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Real estate demand moderating, says Anand Rathi; DLF, Oberoi better placed First Published: Jun 25 2026 | 10:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 10:30 ST, the barometer index, the S&P BSE Sensex, jumped 541.89 points or 0.71% to 77,536.18. The Nifty 50 index rose 153.70 points or 0.64% to 24,175.7. In the broader market, the BSE 150 MidCap Index added 0.13% and the BSE 250 SmallCap Index jumped 0.20%. The market breadth was positive. On the BSE, 1,922 shares rose and 1,717 shares fell. A total of 202 shares were unchanged. In the commodities market, Brent crude for August 2026 settlement fell $1.10 or 1.49% to $72.64 a barrel. Buzzing Index: The Nifty Auto index added 2.52% to 27,049.65. The index fell 0.77% in the previous two consecutive trading sessions. Maruti Suzuki India (up 2.97%), Samvardhana Motherson International (up 2.93%), Uno Minda (up 2.9%), TVS Motor Company (up 2.71%), Ashok Leyland (up 2.58%), Mahindra & Mahindra (up 2.53%), Hero MotoCorp (up 2.22%), Bosch (up 1.83%), Eicher Motors (up 1.58%) and Tata Motors Passenger Vehicles (up 1.34%) added. Stocks in Spotlight: Life Insurance Corporation of India (LIC) fell 2.85% after the company announced the resignation of its chief financial officer (CFO) and key managerial personnel (KMP), Sunil Agrawal, who has stepped down to pursue better career opportunities. Embassy Developments advanced 4.48% after signing a non-binding MoU with the Government of Uttar Pradesh for a proposed commercial real estate project in Lucknow, involving an estimated investment of around Rs 1,500 crore. First Published: Jun 25 2026 | 10:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Avience Biomedicals traded at Rs 414.95 on the NSE, a 99.50% premium to the issue price of Rs 208. The counter hit a high of Rs 414.95 and a low of Rs 395.20. About 5.71 lakh shares of the company changed hands at the counter. Avience Biomedicals' IPO was subscribed 355.05 times. The issue opened for bidding on 18 June 2026 and it closed on 22 June 2026. The price band of the IPO was fixed between Rs 196 to Rs 208 per share. The IPO comprised fresh issue of 14,53,800 equity shares. The promoter and promoter group shareholding diluted to 64.59% from 87.89% pre-issue. The company intends to utilize the net proceeds to fund its working capital requirements, partly finance capital expenditure for setting up a new manufacturing facility at Industrial Plot No. 70, Sector 28, Medical Device Park, Yamuna Expressway Industrial Development Authority (YEIDA), Gautam Buddha Nagar, Uttar Pradesh and for general corporate purposes. Ahead of the IPO, Avience Biomedicals on 17 June 2026, raised Rs 8.52 crore from anchor investors. The board allotted 4.09 lakh shares at Rs 208 per share to 4 anchor investors. Avience Biomedicals, established in 2019, is a Noida-based medical consumables company engaged in the manufacturing of in-vitro diagnostic (IVD) products and medical devices. The company initially focused on diagnostic kits such as Viral Transport Media (VTM), COVID-19, HIV, HBsAg, Malaria, and Dengue test kits, providing affordable healthcare solutions. Over time, it expanded its portfolio to include serology products, biochemistry analysers, and biochemistry reagents. Serving both B2B and B2C markets, Avience caters to pathology and microbiology laboratories, hospitals, research centers, and international customers. Besides manufacturing, the company also operates as a distributor and trader of medical equipment. The company had a total workforce of 75 employees. The company recorded revenue from operations of Rs 41.84 crore and net profit of Rs 5.74 crore for the period ended 31 January 2026. First Published: Jun 25 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As cyberattacks rise, insurers expand cover beyond ransomware and data breaches First Published: Jun 25 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 10:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GGF has strategically invested in three high growth locations in South Delhi, namely Anand Niketan, Neeti Bagh and Gulmohar Park First Published: Jun 25 2026 | 10:43 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Metal stocks under selling pressure owing to strong USD, and hawkish US Fed stance, say analysts. First Published: Jun 25 2026 | 10:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty Auto index rallied 2% in Thursday's trade owing to a sustained fall in crude oil prices. First Published: Jun 25 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The S&P 500 edged lower as technology stocks dragged on the market, while falling oil and gold prices, easing Treasury yields and hopes for a U.S.-Iran deal shaped investor sentiment. The S&P 500 fell 7.24 points (0.1%) to 7,358.22, despite nearly 2 out of every 3 stocks gaining ground. The Dow Jones Industrial Average which is less weighted with tech stocks, rose 182.06 points (0.4%) to 51,848.90. Oil prices continued slipping as the U.S. and Iran negotiate a possible end to their war. Brent crude, the international standard, fell 3.8% to $73.87 a barrel. It has been trading below $80 in recent days but is still above the roughly $70 per barrel it was trading at in late February before the war began. U.S. crude prices fell 3.9% to $70.34 a barrel. Gold prices fell 3.4% to settle at $4,008.80 an ounce. Earlier in the day, gold briefly traded below $4,000, and hasnt settled below that level since November. Gold was above $5,000 an ounce earlier in the year. The precious metal is often seen as a barometer of the appetite for risk among investors, with more buying at times of increased anxiety and more selling as anxiety eases. Wall Street is forecasting at least one hike to interest rates by December, according to data from CME Group. The Fed is worried about stubborn inflation, which had been rising throughout the year as tariffs raised the costs for a wide range of goods. A shock to energy prices because of the U.S. war with Iran worsened inflation. Gasoline prices surged and shipping costs rose. The impact is expected to linger even as oil and gasoline prices fall. The central bank will get an update on inflation Thursday, when its preferred measure for prices is released. Economists expect the Personal Consumption Expenditures price index, or PCE, to show that prices rose 4.1% in May. That would be the highest level in three years. Many large tech companies have been behind Wall Streets record-setting run throughout the year but analysts have warned their valuations may have become stretched. The next phase of the AI investment cycle is beginning to collide with market discipline, said Jason Vaillancourt, chief portfolio strategist at Columbia Threadneedle, in a research note. A 2.3% drop in Microsoft was the heaviest weight on the market. Oracle slumped 4.6%. Exxon Mobil fell 2% and Chevron lost 2.6%. KB Home surged 16.7% and D.R. Horton jumped 6.7%. Treasury yields mostly fell, removing some pressure from stocks. The yield on the 10-year Treasury fell to 4.40% from 4.50% late Tuesday. The yield on the 2-year Treasury eased to 4.15% from 4.16%. Treasury yields are still elevated from earlier in the year, especially the 2-year Treasury, which more closely tracks anticipated action from the Federal Reserve. The central bank has signaled that it is considering raising its benchmark interest rate by the end of the year. First Published: Jun 25 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 10:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Chinese tech giant Alibaba has sued the US Department of Defence, demanding that it be removed from the Pentagon's list of Chinese military companies that prohibits them from landing US defence contracts and carries reputational damage. In the petition filed this week in the San Jose division of the US District Court in the Northern District of California, Alibaba, which is publicly traded on the New York Stock Exchange, argued that the designation, announced on June 8, has "no basis in fact or law" and that the Pentagon failed to reach its conclusion through any fair process. It is the latest lawsuit by a Chinese company against the Pentagon over such national security labels. In 2021, with some in Washington seeing China as a growing military threat, Congress asked the department to create a list of Chinese companies directly controlled by the Chinese military and security forces, as well as those it believed had contributed to the country's defence industrial base. The current list includes 188 entities ranging from state-owned defence businesses, to private-sector tech companies like Alibaba and the robotics company Unitree. The designations have drawn protests from both the Chinese government and some of the targeted companies. On Monday, Beijing announced sanctions on 10 American military-related companies, raising the risk of elevating tensions between the two countries at a time when Beijing and Washington are seeking to stabilize relations. WuXi AppTec Co., a company that provides research, development and manufacturing services to hundreds of US pharmaceutical and life sciences companies, has also been added to the list. According to the Pentagon, the company is "indirectly owned" by China's state-owned Assets Supervision and Administration Commission. The Pentagon says it's also "indirectly affiliated" with the State Administration of Science, Technology and Industry for National Defence and the People's Liberation Army. WuXi AppTec is challenging the decision in the federal district court in the District of Columbia. In the petition filed on June 11, the company said the label has "already caused and will continue to cause several and irreparable harms." It called the designation "the product of political pressure and inaccurate, unsupported assertions." In a petition Tuesday, Alibaba said the company is losing backers in the US and that the damage is significant because the company depends on the trust of its US partners. The Pentagon asserts that Alibaba not only is affiliated with the China's Assets Supervision and Administration Commission, but that it contributes to the nation's industrial defence complex through its affiliation with China's Ministry of Industry and Information Technology. Alibaba said in its petition that it is governed by an independent board and holds no military certification or license. The company has no relationship with the Assets Supervision and Administration Commission, it said, and that like all companies operating in China, including US companies, regulatory compliance with the ministry is mandatory. "A regulator is not an affiliate," reads the petition. A US judge last year ruled against DJI Technology, a Chinese drone maker, in its bid to be removed from the Pentagon's list. DJI is appealing the case. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 25 2026 | 8:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NLC India announced that its subsidiary, NLC India Renewables (NIRL) has signed joint venture agreement with Odisha Renewable Energy Development Agency (OREDA) to develop green energy power plants in Odisha. Under the JV agreement, the joint venture will establish, operate and maintain green energy projects with an aggregate capacity of 1,000 MW in the first phase. The partnership will also explore the development of ancillary assets and other activities related to the green energy sector. Commenting on the development, Prasanna Kumar Motupalli, chairman and managing director, NLCIL, stated that the partnership with OREDA marks a significant milestone in NLCIL's strategic diversification into clean and sustainable energy sectors and emphasised on Development of Renewable Energy projects using various technologies for Solar, Wind, Hybrid, Battery Energy Storage System I Pumped Hydro Storage, Green Hydrogen and any new potential RE Technology emerging in future. NLC India is a Navratna public sector enterprise engaged in lignite mining and power generation. The Government of India held 72.20% in the company as of March 2026. On a consolidated basis, NLC India's net profit surged 189.12% to Rs 1393.46 crore while net sales rose 31.45% to Rs 5042.46 crore in Q4 March 2026 over Q4 March 2025. The counter fell 0.46% to settle at Rs 325.50 on Wednesday, 24 June 2026. First Published: Jun 25 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to Watch today: Airtel, Adani Power, Vedanta, Rajesh Exports, IRFC First Published: Jun 25 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brent had fallen more than $3 on Wednesday as supply concerns eased, and WTI settled down nearly $3 Oil prices extended their decline on Thursday, edging closer to pre-war levels as stranded tankers exited the Strait of Hormuz following an initial accord to end the US-Israeli war with Iran, easing supply concerns. Prompt-month Brent crude futures for August delivery fell 40 cents, or 0.54 per cent, ?to $73.34 a barrel as of 0004 GMT, while US West Texas Intermediate fell 27 cents, or 0.38 per cent, to $70.07 a barrel. August Brent was trading lower than September, which was priced at $73.59, signalling ample short-term supply. "The speed of this decline has caught plenty off guard as markets price in a much faster return of Middle Eastern barrels than most had anticipated just a fortnight ago," IG analyst Tony Sycamore said in a note. Brent had fallen more than $3 on Wednesday as supply concerns eased, and WTI settled down nearly $3. US Energy Secretary Chris Wright told a forum on Wednesday that flows through the ?Strait of Hormuz were close to what they were before the start of the Iran war, saying at least 20 million barrels had exited the strait in the last 24 hours. He added a return to complete normalcy would take a few weeks because the strait needs to be demined. An initial accord last week to end the US-Israeli war with Iran, which began on February 28, has allowed traffic through the strait to restart. The accord set up a 60-day period of negotiations to tackle more difficult issues including Iran's nuclear program. ?Wright said oil would continue to flow through the strait even if the deal did not hold, and that Iran would not be able to close it again. Oman on ?Wednesday opened temporary routes to ease tanker departures from the Strait of Hormuz, with the International Maritime ?Organization and Omani authorities coordinating movements. Qatar's prime minister visited Oman for talks on initiating negotiations over the strait's future management with Iran, Iraq and Gulf states. US total ?crude stocks hit their lowest since 1984 last week, the Energy Information Administration said on Wednesday, on strong refining demand and as the government released oil from its emergency reserve. Markets, ?however, appeared unfazed by the EIA data as traders focused on the Strait of Hormuz. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 25 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 25 2026 | 8:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock ideas by Kunal Kamble of Bonanza on Thursday: Ambika Cotton Mills, Ather Industries, Pearl Global Industries. First Published: Jun 25 2026 | 7:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to open higher. Asian markets advanced after Micron guided for higher revenue in the current quarter. First Published: Jun 25 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns over the red-hot AI rally that has pushed global stocks to record highs. Tech-heavy markets in Japan and South Korea rose sharply after Micron said its customers had committed $22 billion for its memory chips, while Qualcomm anticipates $15 billion in sales from its data ?centre business by 2029. MSCI's broadest index of Asia-Pacific shares outside Japan was 1.3 per cent higher in early trading. Japan's Nikkei rose over 2 per cent while South Korea's KOSPI, the world's best-performing stock market in 2026, gained 5.5 per cent. Futures for S&P 500 rose 0.5 per cent while Nasdaq futures jumped 1.8 per cent. "Tech stocks received a massively needed shot in the arm after the bell when Micron delivered its earnings report," said Tony Sycamore, market analyst at IG, noting that data was suggesting broader cooling in positioning that could challenge tech's momentum in the near term. Investor concern that valuations for AI-related companies have become stretched following years of gains has weighed on markets in recent days, leading to volatile sessions. Analysts though remain sceptical of a long sustained rally in AI stocks as those valuation worries linger. "It's a positive from Micron," said Nick Twidale, chief ?market strategist at ATFX Global in Sydney, who expects a strong move higher on the back of the earnings. "But I'm not sure how long the euphoria will last across the rest of the sector... I think valuation concerns will continue to weigh on sentiment moving forward," he said. Oil prices extended their decline as stranded tankers exited the Strait of Hormuz following an initial accord to end the US-Israeli war with Iran, easing supply concerns. [O/R] Brent crude futures dipped 0.5 per cent to $73.34 a barrel, inching closer to pre-war levels. US West Texas Intermediate fell 0.38 per cent to $70.07 a barrel. Easing oil prices may help reduce some inflation pressure but elevated prices are likely to keep the US Federal Reserve under pressure to raise ?interest rates with investors pricing in at least one rate increase this year. Thursday's PCE inflation report is expected to show core prices rose 0.3 per cent in May, putting the annual rate at 3.4 per cent. Headline inflation is forecast at 0.5 per cent for the ?month and 4.1 per cent year-over-year. Rising expectations of a rate hike have boosted the dollar, putting the Japanese yen near its lowest in ?40 years and on the brink of more intervention from Tokyo. The yen was last at 161.73 per US dollar, not far from the two-year low it hit last week. A break below 161.96 would take yen to its ?lowest level since 1986. The dollar index, which measures the US unit against a basket of currencies, was at 101.6 after reaching 101.80 in the previous session, its highest since May 12, 2025. The strengthening dollar has weighed on gold, which slid ?below $4,000 an ounce for the first time in 2026. Spot gold last fetched $3,990 per ounce, hovering near its lowest since November. [GOL/] (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 25 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ajit Mishra, SVP-Research, Religare Broking recommends buy on Delhivery, Ather Energy and Aurobindo Pharma. First Published: Jun 25 2026 | 7:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock ideas, market strategy by Jatin Gedia of Teji Mandi on Thursday. First Published: Jun 25 2026 | 7:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The initiative streamlines requirements for employees managing client relations, thereby reducing the compliance burden on firms Markets regulator Sebi on Wednesday introduced a lighter certification framework for sales and non-core staff in investment advisory roles to ensure ease of doing business. The initiative streamlines requirements for employees managing client relations, thereby reducing the compliance burden on firms. "Based on the feedback from market participants and as a step towards ease of doing business, it has been decided to specify a lighter NISM certification module for PAIA, such as sales staff, relationship managers and other staff, who only perform sales and other non-core services," Sebi said in its circular. These staff have contacts with the client but are not directly associated or involved in investment advice-related aspects, it added. The regulator said, "PAIA who perform only sales and other non-core services, shall obtain certification from NISM by passing the 'NISM SeriesXXV-B'." PAIA, other than those who perform sales and other non-core services, will continue to obtain certification from NISM by passing the 'NISM Series-X-A: Investment Adviser (Level 1) certification examination' and the 'NISM SeriesX-B: Investment Adviser (Level 2) certification examination. Passing the NISM certification exam ensures domain knowledge and professional preparedness. The provisions of this circular will come into force with immediate effect. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 24 2026 | 9:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The exchange's query came a day after the central agency searched nine premises connected to the firm under the provisions of the Foreign Exchange Management Act The Bombay Stock Exchange (BSE) on Wednesday sought a clarification from gold jewellery firm Rajesh Exports Ltd over reports of searches conducted by the Enforcement Directorate (ED) at multiple locations linked to the Bengaluru-based company. The exchange's query came a day after the central agency searched nine premises connected to the firm under the provisions of the Foreign Exchange Management Act (FEMA). "The reply is awaited," Rajesh Exports said in a regulatory filing. The development marks a fresh escalation in the legal troubles surrounding the company, which is already facing allegations of a massive financial fraud levelled by the Securities and Exchange Board of India (Sebi). Rajesh Mehta, the company's Founder and Chairman, recently denied any fund diversion or wrongdoing in an interview with PTI. He said the firm would fully cooperate with the fresh forensic audit ordered by Sebi and would not challenge the market regulator's interim order against it. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 24 2026 | 8:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The yield on the benchmark 10-year government bond fell 6 basis points to settle at 6.80 per cent, its lowest level since March 20 this year. First Published: Jun 24 2026 | 7:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company believes it can sustain 25 per cent EBITDA growth even beyond FY30 This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 24 2026 | 7:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to MF officials, the industry's growth, especially in segments linked to retail investors, will pick up as sentiment improves This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nitin Bhasin, Head – Institutional Equities, Ambit Capital First Published: Jun 24 2026 | 7:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reserve Bank of India or RBI stated in a latest update that during 2025-26, at aggregate level, listed private non-financial companies recorded a double-digit sales growth of 10.1 per cent, after recording single digit growth in previous two years. This acceleration was mainly led by substantial improvement in sales growth of manufacturing sector. Sales of manufacturing sector companies expanded by 10.8 per cent during 2025-26 as compared to 6.0 per cent growth in the previous year, mainly led by automobiles, electrical machinery, food & beverages and chemicals industries. Meanwhile, among the major industries, petroleum industry continued to record contraction in their sales during 2025-26. Sales growth of IT companies inched up further to 7.9 per cent during 2025-26 from 7.1 per cent in the previous year. Non-IT services companies continued to record double digit sales growth during 2025-26, led by healthy performance of wholesale & retail trade industry. Raw material expenses of manufacturing companies rose by 12.0 per cent during 2025-26; raw material to sales ratio increased to 57.6 per cent in 2025-26 from 55.7 per cent a year ago, pointing to input cost pressure. Staff cost rose by 10.7 per cent, 6.1 per cent and 9.0 per cent during 2025-26 for manufacturing, IT and non-IT services companies, respectively. Despite increase in the input costs, operating profit growth of manufacturing companies improved to 10.3 per cent during 2025-26 from 6.0 per cent in the previous year; within services sector, operating profit for the non-IT services companies decelerated to 7.1 per cent in 2025-26, while it improved to 10.7 per cent for IT companies. During 2025-26, operating profit margin declined by 30 basis points (bps) and 210 bps to 13.9 per cent and 20.0 per cent, respectively, for manufacturing and non-IT services companies, while it improved by 50 bps to 22.4 per cent for IT companies. First Published: Jun 24 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty Bank surges 2% as ICICI Bank, HDFC Bank lead; key triggers here First Published: Jun 24 2026 | 2:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 24 2026 | 2:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Digilogic Systems has received a purchase order worth Rs 1.60 crore from a Defence PSU for the supply, installation and commissioning of a static test jig for AFCC-UHM. Digilogic Systems made a debut on the stock exchanges on 28 January 2026, with its shares listing at Rs 83.20, a 20% discount to the issue price of Rs 104. The issue opened for bidding on 20 January 2026 and it closed on 22 January 2026. The price band of the IPO was set at Rs 98 to Rs 104 per share. The stock touched a high of Rs 83.20 and a low of Rs 79.05, with around 3.32 lakh shares changing hands on the counter. Digilogic Systems is engaged in the design, development, integration, manufacturing, supply, and support of Automated Test Equipment (ATE) systems, radar and electronic warfare environmental simulators, application software, and embedded signal processing solutions for the defence and aerospace engineering sector. As of 31 December 2025, the company had 102 permanent employees on its payroll. The company recorded revenue from operations of Rs 18.18 crore and net profit of Rs 1.61 crore for the period ended 30 September 2025. Shares of digilogic Systems rose 0.16% to Rs 124.95 on the BSE. First Published: Jun 24 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jassy’s visit comes at a time when the quick-commerce battle is heating up in India First Published: Jun 24 2026 | 2:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
LTM has joined Athena, a new industry coalition led by Chainguard, focused on protecting open source software from the rising threat of AI-driven vulnerabilities. Athena brings together leading organizations across the global software ecosystem to address an urgent challenge. As frontier AI models advance, they are increasingly capable of identifying novel vulnerabilities in open source software at machine speed, often faster than traditional disclosure and patching processes can respond. As AI accelerates both software development and the discovery of vulnerabilities, the window between a flaw being identified and being exploited has narrowed sharply. Athena is designed to close this gap through shared intelligence, coordinated action, and pre-disclosure remediation across the ecosystem. The coalition supports vulnerability management end to end, from discovery and analysis to patching, layered mitigations, and upstream fixes. By enabling collaboration across the ecosystem, Athena helps improve the resilience of open source projects that organizations around the world depend on every day. LTM's participation in Athena reflects its continued commitment to strengthening cybersecurity, enhancing software supply chain resilience, and contributing to industry-wide efforts that build trust in the digital ecosystem. As a global technology services partner to enterprise clients across industries, LTM brings deep engineering expertise and large scale delivery experience to the coalition's collaborative remediation efforts. First Published: Jun 24 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 24 2026 | 2:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At the summit remains Reliance Industries, valued at ?19.36 lakh crore. First Published: Jun 24 2026 | 1:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 13:30 ST, the barometer index, the S&P BSE Sensex, soared 871.76 points or 1.16% to 77,073.99. The Nifty 50 index rose 235.50 points or 0.99% to 24,054.85. The broader market underperforms frontline indices. The BSE 150 MidCap Index jumped 0.33% and the BSE 250 SmallCap Index added 0.12%. The market breadth was positive. On the BSE, 2,146 shares rose and 1,947 shares fell. A total of 201 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 2.25% to 13.63. Gainers & Losers: Trent (up 5.13%), InterGlobe Aviation (up 3.54%), Tech Mahindra (up 3.10%) and Dr. Reddy's Laboratories (up 2.80%) were the major Nifty50 gainers. Bajaj Auto (down 2.09%), SBI Life Insurance Company (down 1.56%), Tata Motors Passenger Vehicles (down 1.26%) and Maruti Suzuki India (down 1.13%) were the major Nifty50 losers. Bajaj Auto declined 2.09% after the company reported a ransomware attack on its systems, which also affected its wholly owned subsidiary, Bajaj Auto Technology (BATL). Stocks in Spotlight: Tanfac Industries jumped 4.01% after the companys board approved the launch of qualified institutional placement (QIP) for the equity shares with a floor price of Rs 2,090.43 per share. Prostarm Info Systems shed 0.70%. The company announced that it has been declared the lowest (L1) bidder by Karnataka State Fire and Emergency Services for a contract valued at Rs 4.03 crore. Infosys rose 1.94% after the company announced an expanded multi-year collaboration with GlobalFoundries to accelerate AI-driven transformation of the chipmaker's IT operations. Global Markets: European equities hovered near flatlines on Wednesday, struggling for momentum as a bruising global technology rout and unyielding Federal Reserve hawkishness kept risk appetite firmly in check. Asian markets traded mixed, a day after a global selloff in technology and semiconductor shares, with analysts cautioning about the risk of renewed volatility. Meanwhile, oil prices edged lower Wednesday as investors watched developments around tanker traffic and maritime operations in the Strait of Hormuz. International benchmark Brent crude futures for August fell 0.45% to $76.73 a barrel. U.S. West Texas Intermediate futures for August dropped 0.48% to $72.86 per barrel. Over 11,000 seafarers stuck in the Persian Gulf will begin to exit through the Strait of Hormuz, according to the International Maritime Organization. The Strait of Hormuz is a key route for global energy supplies, with about 20% of oil shipments passing through the waterway before the Iran conflict. Index provider MSCI kept South Korea classified as an emerging market in its most recent review on Tuesday, while extending its assessment of Indonesias status until November. Overnight on Wall Street, the S&P 500 and the Nasdaq Composite were lower on Tuesday as a tech sell-off that began during the prior session picked up steam overnight, with global markets in Asia routed as memory chip-related shares tumbled. The broad market index fell 1.44% to 7,365.46, while the tech-heavy Nasdaq slid 2.21% to close at 25,587.04. The Dow Jones Industrial Average ended down 45.87 points, or 0.09%, at 51,666.84. First Published: Jun 24 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Equitas Small Finance Bank said that its board has approved proposals to raise fund aggregating to Rs 1,750 crore through issue of equity and debt securities. The bank's board has approved a proposal for raising up to Rs 1,250 crore through a qualified institutions placement (QIP) and other eligible equity-linked securities in one or more tranches. The board also approved raising up to Rs 500 crore through rated, listed, unsecured, subordinated, redeemable non-convertible debentures, bonds or other debt securities on a private placement basis. The proposed capital raising is subject to shareholder and regulatory approvals. The enabling resolutions will be placed before shareholders at the bank's 10th Annual General Meeting scheduled for 09 September 2026. The board also approved the reappointment of Vasudevan P. N. as the managing director & CEO of the bank for a further three-year term from 23 July 2026 to 22 July 2029, the bank had received RBI approval for the same in April 2026. In addition, the board approved the reappointment of Geeta Dutta Goel as an independent director for a second three-year term from December 2026 to December 2029, subject to shareholder approval. On the management front, the banks chief financial officer (CFO) N. Sridharan will retire upon superannuation on 30 June 2026. Mukund Shyamrao Barsagade has been appointed as the new CFO and key managerial personnel with effect from 01 July 2026. Equitas Small Finance Bank (Equitas SFB) is one of the largest small finance banks in India. The bank posted a net profit of Rs 213 crore in Q4 FY26, soaring 406% YoY and 136% QoQ. Net Interest Income (NII) came in at Rs 981 crore, rising 18% YoY. The scrip rose 0.64% to currently trade at Rs 77.54 on the BSE. First Published: Jun 24 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wipro Ltd is quoting at Rs 174.35, down 0.08% on the day as on 13:19 IST on the NSE. The stock tumbled 35.28% in last one year as compared to a 4.75% slide in NIFTY and a 29.66% fall in the Nifty IT index. Wipro Ltd is down for a fifth straight session today. The stock is quoting at Rs 174.35, down 0.08% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.93% on the day, quoting at 24046.8. The Sensex is at 77061.45, up 1.13%.Wipro Ltd has lost around 15.71% in last one month.Meanwhile, Nifty IT index of which Wipro Ltd is a constituent, has eased around 5.23% in last one month and is currently quoting at 27012.05, up 1.68% on the day. The volume in the stock stood at 409.01 lakh shares today, compared to the daily average of 350.77 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 175.07, up 0.59% on the day. Wipro Ltd tumbled 35.28% in last one year as compared to a 4.75% slide in NIFTY and a 29.66% fall in the Nifty IT index. The PE of the stock is 15.11 based on TTM earnings ending March 26. First Published: Jun 24 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 24 2026 | 1:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TCS, Infosys, Wipro top India's biggest value destruction list over five years First Published: Jun 24 2026 | 1:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Morgan Stanley initiates coverage on Adani Enterprises with 'Overweight' rating First Published: Jun 24 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Balkrishna Industries informed that Ravi Narayan Joshi, deputy chief financial officer and a member of the company's senior management personnel, has tendered his resignation. Balkrishna Industries is engaged in the business of manufacturing and selling "off-highway tyres" (OHT) in the specialist segments such as agricultural, industrial & construction, earthmovers & port, mining, forestry, lawn & garden and all-terrain vehicles (ATV). The companys standalone net profit fell 18.5% to Rs 295.09 crore despite a 7.08% increase in revenue from operations to Rs 2,941.15 crore in Q4 FY26 over Q4 FY25. The counter rose 0.29% to Rs 2,225.55 on the BSE. First Published: Jun 24 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IPL enters India Inc's elite club as five franchises make Hurun 500 debut First Published: Jun 24 2026 | 1:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Solara Active Pharma Sciences said that Crisil Ratings has upgraded its ratings on the bank facilities of the company to 'Crisil BBB+/Stable/Crisil A2' from 'Crisil BBB/Stable/Crisil A3+'. Crisil Ratings stated that the rating upgrade reflects the substantial improvement in the companys financial and liquidity risk profile in the past two fiscals, supported by sustained focus on deleveraging. Total debt reduced significantly to around Rs. 500530 crore as on 31 May 2026, from Rs. 999 crores as on 31 March 2024, aided by equity infusion of approximately Rs. 445 crores through rights issues in three tranches over the last two years. The lower debt levels, coupled with improved operating performance over the past two fiscals, have resulted in a recovery in debt protection metrics, with interest coverage improving to around 2 times in fiscal 2026 from negative levels earlier. The business risk profile, however, witnessed marginal moderation in fiscal 2026 following strong performance in fiscal 2025. Operating margin declined to around 13.64 percent in fiscal 2026 from 16.23 percent in fiscal 2025, though it remains healthy. The moderation is attributable to structural challenges in the Ibuprofen API segment, which has reported negative operating margins over the past two fiscals. The ratings continue to reflect Solara's established market position in its key active pharmaceutical ingredients (APIs) along with strong relationships with customers and suppliers and moderate financial risk profile. These strengths are partially offset by susceptibility to regulatory change and volatility in operating profitability and negative EBITDA margin in the ibuprofen business. Solara was formed through the demerger of the API business of Strides Shasun (currently named Strides Pharma Sciences). Solara acquired the human API business from Sequent Scientific during the same time, and hence, is a pure play API company. The company had reported consolidated net profit to Rs 9.60 crore in Q4 FY26 compared with net loss of Rs 2.10 crore in Q4 FY25. Revenue from operations jumped 41.86% to Rs 387.29 crore in Q4 FY26. The scrip shed 0.98% to currently trade at Rs 573.25 on the BSE. First Published: Jun 24 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Petroleum Corporation Ltd is quoting at Rs 400.85, up 1.03% on the day as on 12:49 IST on the NSE. The stock is down 1.79% in last one year as compared to a 4.99% slide in NIFTY and a 11.47% slide in the Nifty Energy index. Hindustan Petroleum Corporation Ltd is up for a third straight session today. The stock is quoting at Rs 400.85, up 1.03% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.68% on the day, quoting at 23985.1. The Sensex is at 76861.12, up 0.87%. Hindustan Petroleum Corporation Ltd has slipped around 0.62% in last one month. Meanwhile, Nifty Energy index of which Hindustan Petroleum Corporation Ltd is a constituent, has slipped around 1.6% in last one month and is currently quoting at 40268.7, down 0.85% on the day. The volume in the stock stood at 29.26 lakh shares today, compared to the daily average of 65.88 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 401.95, up 1.27% on the day. Hindustan Petroleum Corporation Ltd is down 1.79% in last one year as compared to a 4.99% slide in NIFTY and a 11.47% slide in the Nifty Energy index. The PE of the stock is 4.91 based on TTM earnings ending March 26. First Published: Jun 24 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Axis Bank Ltd is quoting at Rs 1381.4, up 1.31% on the day as on 12:49 IST on the NSE. The stock is up 13.85% in last one year as compared to a 4.99% slide in NIFTY and a 2.48% slide in the Nifty Bank index. Axis Bank Ltd is up for a third straight session today. The stock is quoting at Rs 1381.4, up 1.31% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.68% on the day, quoting at 23985.1. The Sensex is at 76861.12, up 0.87%. Axis Bank Ltd has gained around 5.35% in last one month. Meanwhile, Nifty Bank index of which Axis Bank Ltd is a constituent, has gained around 4.94% in last one month and is currently quoting at 57183.75, up 1.47% on the day. The volume in the stock stood at 39.98 lakh shares today, compared to the daily average of 72.97 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1380.6, up 1.33% on the day. Axis Bank Ltd is up 13.85% in last one year as compared to a 4.99% slide in NIFTY and a 2.48% slide in the Nifty Bank index. The PE of the stock is 17.33 based on TTM earnings ending March 26. First Published: Jun 24 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ipca Laboratories Ltd is quoting at Rs 1627.6, up 0.16% on the day as on 12:44 IST on the NSE. The stock is up 19.88% in last one year as compared to a 4.96% jump in NIFTY and a 15.12% jump in the Nifty Pharma. Ipca Laboratories Ltd is up for a fifth straight session today. The stock is quoting at Rs 1627.6, up 0.16% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.7% on the day, quoting at 23991.35. The Sensex is at 76862.12, up 0.87%. Ipca Laboratories Ltd has gained around 3.6% in last one month. Meanwhile, Nifty Pharma index of which Ipca Laboratories Ltd is a constituent, has gained around 1.73% in last one month and is currently quoting at 24989.95, up 0.45% on the day. The volume in the stock stood at 51017 shares today, compared to the daily average of 2.5 lakh shares in last one month. The PE of the stock is 35.66 based on TTM earnings ending March 26. First Published: Jun 24 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cholamandalam Investment & Finance Company Ltd is quoting at Rs 1779.9, up 3.13% on the day as on 12:44 IST on the NSE. The stock is up 10.64% in last one year as compared to a 4.96% fall in NIFTY and a 0.59% fall in the Nifty Financial Services. Cholamandalam Investment & Finance Company Ltd rose for a fifth straight session today. The stock is quoting at Rs 1779.9, up 3.13% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.7% on the day, quoting at 23991.35. The Sensex is at 76862.12, up 0.87%. Cholamandalam Investment & Finance Company Ltd has added around 11.87% in last one month. Meanwhile, Nifty Financial Services index of which Cholamandalam Investment & Finance Company Ltd is a constituent, has added around 2.26% in last one month and is currently quoting at 26329.3, up 1.38% on the day. The volume in the stock stood at 9.15 lakh shares today, compared to the daily average of 16.88 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1777, up 3.05% on the day. Cholamandalam Investment & Finance Company Ltd is up 10.64% in last one year as compared to a 4.96% fall in NIFTY and a 0.59% fall in the Nifty Financial Services index. The PE of the stock is 28.16 based on TTM earnings ending March 26. First Published: Jun 24 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lower crude oil prices, hopes of India-US trade deal among key reasons for market rally on Wednesday. First Published: Jun 24 2026 | 12:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 24 2026 | 12:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The dollar index scales above 101 mark for the first time in more than a year amid growing indications of a Federal rate hike in the near future. The Federal Reserve's hawkish tone at its latest meeting is seen bolstering gains the U.S. dollar. However, the yield on the US 10-year Treasury note fell to 4.48% on Tuesday as markets reacted to signs that a USIran deal could move closer to a lasting agreement. The dollar index hovered around 101.24 this morning, trading at its highest level in more than a year as expectations for Federal Reserve rate hikes this year remained strong. An unexpectedly hawkish Fed meeting chaired by Kevin Warsh last week boosted expectations for a year-end interest rate hike. Markets are also looking ahead to this weeks PCE inflation report, the Feds preferred inflation gauge, for additional clues on the outlook for monetary policy. Among basket currencies, British pound weakened against a firmer US dollar and tumbled under $1.32 mark as investors balanced easing political uncertainty with weaker UK economic data. However, euro slumped to a one-year low. The Swiss franc weakened to near 1.23 per US dollar, falling near its weakest level since November 2025 amid a stronger U.S. dollar and lower oil prices. First Published: Jun 24 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Diksha Polymers traded at Rs 120.20 on the BSE, a 7.32% premium to the issue price of Rs 112. The counter hit a high of Rs 120.20 and a low of Rs 114.50. About 13.27 lakh shares of the company changed hands at the counter. Diksha Polymers' IPO was subscribed 2.78 times. The issue opened for bidding on 17 June 2026 and it closed on 19 June 2026. The price of the IPO was fixed at Rs 112 per share. The IPO comprised 15,98,400 equity shares. The promoter and promoter group shareholding diluted to 69.24% from 100% pre-offer. The company intends to utilize the net proceeds from the issue towards the repayment or prepayment, in full or in part, of certain outstanding borrowings, as well as for general corporate purposes. Diksha Polymers manufactures PET bottles, containers, and PET preforms used in the packaging of beverages, edible oils, and other consumer products. The company operates three manufacturing facilities in the Industrial Area of Maharajpura, Gwalior, Madhya Pradesh, spanning a total area of about 26,879 square feet. As of 31 March 2026, it had an installed production capacity of 2,163 metric tonnes per annum (MTPA) for PET bottles and 1,913 MTPA for PET preforms. The company had a total workforce of 17 employees as of the same date. The company recorded revenue from operations of Rs 51.27 crore and net profit of Rs 4.12 crore for the period ended 31 March 2026. First Published: Jun 24 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ANG Lifesciences India Ltd, Ramco Systems Ltd, Consolidated Construction Consortium Ltd and Digjam Ltd are among the other gainers in the BSE's 'B' group today, 24 June 2026. ANG Lifesciences India Ltd, Ramco Systems Ltd, Consolidated Construction Consortium Ltd and Digjam Ltd are among the other gainers in the BSE's 'B' group today, 24 June 2026. Bhilwara Technical Textiles Ltd soared 19.99% to Rs 42.91 at 11:59 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 1.17 lakh shares were traded on the counter so far as against the average daily volumes of 7745 shares in the past one month. ANG Lifesciences India Ltd surged 19.99% to Rs 41.41. The stock was the second biggest gainer in 'B' group. On the BSE, 43221 shares were traded on the counter so far as against the average daily volumes of 5302 shares in the past one month. Ramco Systems Ltd spiked 17.08% to Rs 656.25. The stock was the third biggest gainer in 'B' group. On the BSE, 2.94 lakh shares were traded on the counter so far as against the average daily volumes of 35512 shares in the past one month. Consolidated Construction Consortium Ltd spurt 15.15% to Rs 18.17. The stock was the fourth biggest gainer in 'B' group. On the BSE, 4.65 lakh shares were traded on the counter so far as against the average daily volumes of 29250 shares in the past one month. Digjam Ltd jumped 14.42% to Rs 50.7. The stock was the fifth biggest gainer in 'B' group. On the BSE, 1560 shares were traded on the counter so far as against the average daily volumes of 774 shares in the past one month. First Published: Jun 24 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Clay Craft India traded at Rs 221.55 on the NSE, a 9.14% premium to the issue price of Rs 203. The counter hit a high of Rs 221.55 and a low of Rs 211. About 22.67 lakh shares of the company changed hands at the counter. Clay Craft India's IPO was subscribed 95.89 times. The issue opened for bidding on 17 June 2026 and it closed on 19 June 2026. The price band of the IPO was fixed between Rs 193 to Rs 203 per share. The IPO comprised fresh issue of 54,24,000 equity shares. The promoter and promoter group shareholding diluted to 73.63% from 100% pre-issue. The company intends to utilize the net proceeds to fund capital expenditure towards setting up an additional manufacturing facility at Manda, Rajasthan and general corporate purposes. Ahead of the IPO, Clay Craft India on 16 June 2026, raised Rs 31.33 crore from anchor investors. The board allotted 15.43 lakh shares at Rs 203 per share to 18 anchor investors. Clay Craft India is a manufacturer and distributor of ceramic tableware products, offering a broad range of items such as dinner sets, tea and coffee sets, mugs, tumblers, platters, bowls, and tabletop accessories. The company serves retail consumers, institutional buyers, and the hospitality sector through its in-house brands, Clay Craft and JCPL. It also undertakes customized design, development, and manufacturing for clients and provides tailored ceramic solutions for corporate and institutional customers. Additionally, the company has developed a dedicated product portfolio for the HoReCa (Hotel, Restaurant, and Catering) segment to cater to the specific requirements of the hospitality industry. The company had a total strength of over 1,392 employees. The company recorded revenue from operations of Rs 179.89 crore and net profit of Rs 27.01 crore for the period ended 31 March 2026. First Published: Jun 24 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 24 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Star Cement has been declared as the 'preferred bidder' for the mining lease for Boro Lakhindong (West Block), District Dima Hasao in e-auctions conducted by the Government of Assam. The aforesaid block is situated in Boro Lakhindong Village, Umrangso Tehsil, Dima Hasao District, Assam. It is spread over an area of 123 hectares with estimated limestone resource of 207.822 million tonnes. Star Cement is engaged in the manufacturing and selling of cement clinker & cement. It sells its products across northeastern and eastern states in India. The company had reported 20.24% rise in consolidated net profit to Rs 148.10 crore on a 11.54% increase in revenue to Rs 1,173.55 crore in Q4 FY26 over Q4 FY25. The scrip rose 0.36% to currently trade at Rs 212 on the BSE. First Published: Jun 24 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
K P R Mill Ltd, Patel Engineering Ltd, Indo Count Industries Ltd and Aether Industries Ltd are among the other gainers in the BSE's 'A' group today, 24 June 2026. K P R Mill Ltd, Patel Engineering Ltd, Indo Count Industries Ltd and Aether Industries Ltd are among the other gainers in the BSE's 'A' group today, 24 June 2026. Pearl Global Industries Ltd surged 10.71% to Rs 2088.55 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 27589 shares were traded on the counter so far as against the average daily volumes of 4699 shares in the past one month. K P R Mill Ltd soared 10.32% to Rs 1247.15. The stock was the second biggest gainer in 'A' group. On the BSE, 5.05 lakh shares were traded on the counter so far as against the average daily volumes of 57500 shares in the past one month. Patel Engineering Ltd spiked 8.90% to Rs 34.99. The stock was the third biggest gainer in 'A' group. On the BSE, 24.79 lakh shares were traded on the counter so far as against the average daily volumes of 6.05 lakh shares in the past one month. Indo Count Industries Ltd gained 8.29% to Rs 425.65. The stock was the fourth biggest gainer in 'A' group. On the BSE, 2.88 lakh shares were traded on the counter so far as against the average daily volumes of 67462 shares in the past one month. Aether Industries Ltd advanced 6.52% to Rs 1325. The stock was the fifth biggest gainer in 'A' group. On the BSE, 51433 shares were traded on the counter so far as against the average daily volumes of 13665 shares in the past one month. First Published: Jun 24 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 24 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The S&P 500 fell 1.4% and the Nasdaq dropped 2.2% as investors pulled back from AI-driven tech stocks amid rising inflation concerns and growing expectations of a Federal Reserve rate hike later this year. The S&P fell 1.4%. The benchmark index is coming off 11 weekly gains out of the last 12, led largely by technology stocks. The Dow Jones Industrial Average, which is less influenced by tech stocks, gave up an early gain and closed just 0.1% lower. The Nasdaq composite fell 2.2%. Oil prices have eased amid negotiations between the U.S. and Iran to end their war. The price for a barrel of U.S. crude for August delivery fell 0.9% to settle at $73.21. The September delivery price for a barrel of Brent crude, the international standard, fell 0.9% to settle at $76.80. Prices are still above levels of roughly $70 per barrel before the war began. The selling largely targeted companies that have seen their values surge amid the frenzy over artificial intelligence technology. Their pricey stock values give them more influence over the broader markets direction. On Tuesday, more stocks gained ground within the S&P 500 than fell but tech companies overpowered gains elsewhere. The growing likelihood of interest rate hikes later this year has helped deflate the massive run-up in AI-related stocks in recent days as traders worry that the higher rates could hamper economic growth. Those Big Tech gains have been significant, sending major indexes on record-setting runs throughout 2026. Analysts have been warning that high-flying technology stocks could be due for a downturn. Inflation has been heating up throughout the year. The impact from tariffs helped halt and reverse what had been an easing of inflation growth. The U.S. war with Iran quickly pushed energy prices higher, including gas prices. Higher energy costs have also made shipping more expensive for a wide range of goods, and that has been weighing on businesses and households. A report due Thursday with an inflation measure that is preferred by the Fed is expected to show that inflation rose to 4.1%, in May. Many technology companies have been spending heavily on AI technology. The potential for higher interest rates can stifle future spending and hurt prices for investments. The Federal Reserve has signaled that it could raise interest rates at least once before the end of the year. Wall Street sees an 85% chance that the central bank will raise its benchmark interest rate this year, according to date from CME Group. Thats compared to 60% a week earlier. Micron Technology slumped 13.2% and Nvidia fell 4.1%. Samsung Electronics slumped 12.3% in South Korea. SpaceX wavered in early trading then closed 1% higher. The space exploration and artificial intelligence company had a soaring market debut less than two weeks ago. The company plans to raise money through a bond offering, partly to fund AI development. The yield on the 10-year Treasury slipped to 4.50% from 4.51% late Monday. The yield on the 2-year Treasury fell to 4.20% from 4.24% late Monday. Bond yields remain high, though, amid worries about inflation. First Published: Jun 24 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Biocon said that its long-standing partner Duopharma Biotech has secured multiple insulin contracts from the Ministry of Health (MoH), Malaysia, valued at over MYR 225 million this year. The said contracts have been awarded to Duopharma (M) Sendirian Berhad, a wholly-owned subsidiary of Duopharma Biotech. As part of these contracts, Biocons subsidiary, Biocon Sdn. Bhd., Malaysia, will supply short-acting recombinant human insulin, insulin glargine and insulin aspart to Duopharma (M) Sendirian Berhad for distribution. The contracts comprise a three-year agreement valued at MYR 155.27 million for human insulin, along with two two-year agreements, which consists of MYR 18 million contract for insulin glargine and MYR 52.5 million contract for insulin aspart. Shreehas Tambe, CEO & managing director, Biocon, said: Malaysia has been central to Biocons insulin journey for over a decade, anchored by our integrated insulin manufacturing facility in the country the largest in Asia. Our Johor operations enable us to deliver insulin at scale, expanding patient access in Malaysia and around the world. Biocon is a global biopharma company dedicated to improving affordable access to therapies for chronic conditions such as diabetes, cancer, and autoimmune diseases. The company had reported 63.4% drop in consolidated net profit to Rs 126 crore in Q4 FY26 from Rs 344 crore in Q4 FY25. Revenue from operations rose by 2.26% year-on-year (YoY) to Rs 4,517 crore during the period under review. The scrip shed 0.17% to currently trade at Rs 422.65 on the BSE. First Published: Jun 24 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 24 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Auto declined 1.68% to Rs 9847.10 after the company reported a ransomware attack on its systems, which also affected its wholly owned subsidiary, Bajaj Auto Technology (BATL). The company said that incident occurred on 23 June 2026 at around 08:00 a.m. (IST) and has been intimated to CERT-In in terms of the Information Technology Act, 2000. Meanwhile, shareholders holding Bajaj Auto shares as of the close of trading on 23 June 2026 will be eligible to participate in the buyback. The buyback was announced along with March quarter earnings. The board approved a buyback of up to 46,94,000 fully paid-up equity shares of face value Rs 10 each, representing up to 1.68% of the total paid-up equity share capital, at a price of Rs 12,000 per share, aggregating up to Rs 5,633 crore. Promoter and promoter group holding stood at 55.01% as of 31 March 2026. Bajaj Auto is engaged in the business of development, manufacturing, and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers, etc., and parts thereof. The company reported 34% jump in consolidated net profit to Rs 2,746.13 crore on 31.76% increase in revenue from operations to Rs 16,005.85 crore in Q4 FY26 over Q4 FY25. First Published: Jun 24 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Prostarm Info Systems rose 1.63% to Rs 143.35 after the company announced that it has been declared the lowest (L1) bidder by Karnataka State Fire and Emergency Services for a contract valued at Rs 4.03 crore. The company clarified that the contract does not fall under related-party transactions and that neither its promoters nor promoter group entities have any interest in the award. Prostarm Info Systems is a power solutions provider specializing in UPS systems, inverters, lithium-ion battery packs, and solar EPC projects. The company had reported a 17.08% rise in consolidated net profit to Rs 7.95 crore on a 27.35% increase in revenue to Rs 104.45 crore in Q4 FY26 as compared with Q4 FY25. First Published: Jun 24 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GMR Airports Ltd witnessed volume of 517.39 lakh shares by 10:46 IST on BSE, a 71.66 times surge over two-week average daily volume of 7.22 lakh shares Capri Global Capital Ltd, ZF Commercial Vehicle Control System India Ltd, Adani Ports & Special Economic Zone Ltd, Swiggy Ltd are among the other stocks to see a surge in volumes on BSE today, 24 June 2026. GMR Airports Ltd witnessed volume of 517.39 lakh shares by 10:46 IST on BSE, a 71.66 times surge over two-week average daily volume of 7.22 lakh shares. The stock dropped 0.05% to Rs.107.25. Volumes stood at 2.89 lakh shares in the last session. Capri Global Capital Ltd recorded volume of 78.63 lakh shares by 10:46 IST on BSE, a 42.98 times surge over two-week average daily volume of 1.83 lakh shares. The stock lost 0.44% to Rs.216.50. Volumes stood at 1.32 lakh shares in the last session. ZF Commercial Vehicle Control System India Ltd witnessed volume of 63027 shares by 10:46 IST on BSE, a 33.35 times surge over two-week average daily volume of 1890 shares. The stock increased 0.28% to Rs.2,692.40. Volumes stood at 5666 shares in the last session. Adani Ports & Special Economic Zone Ltd witnessed volume of 28 lakh shares by 10:46 IST on BSE, a 30.54 times surge over two-week average daily volume of 91680 shares. The stock increased 0.84% to Rs.1,798.00. Volumes stood at 1.19 lakh shares in the last session. Swiggy Ltd clocked volume of 154.47 lakh shares by 10:46 IST on BSE, a 18.12 times surge over two-week average daily volume of 8.53 lakh shares. The stock lost 3.08% to Rs.242.10. Volumes stood at 2.12 lakh shares in the last session. First Published: Jun 24 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nomura keeps 'Buy' on Anant Raj; lowers TP on cloud ramp-up, project delays First Published: Jun 24 2026 | 11:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The head of the UN's nuclear agency signalled Wednesday that Iranian nuclear enrichment sites would be visited by his inspectors, a key component in the interim deal between the United States and Iran to reach an end to the war. The comment by International Atomic Energy Agency head Rafael Mariano Grossi was the firmest yet from the United Nations agency, which is viewed as key in determining the status of Iran's nuclear stockpile. Since Israel launched a 12-day war on Iran in 2025, the IAEA has been blocked by Tehran from visiting enrichment sites where the Islamic Republic is believed to store enough highly enriched uranium to potentially build as many as 10 nuclear weapons, should it choose to rush for the bomb. Iran long has maintained that its programme is peaceful, though it is the only country in the world to have uranium enriched up to 60 per cent purity without a weapons program. The US and Iran offered contradictory remarks Tuesday about whether those sites would be inspected. "I can understand political statements, they are part of the reality, but the fundamental thing I would like to remind you and draw your attention to is that there has been a Memorandum of Understanding, signed by both presidents," Grossi told journalists at a news conference at the tsunami-hit Fukushima Daiichi nuclear power plant. The accord "says explicitly that the nuclear activities that are going to be carried out with the regards to the nuclear material facilities will be supervised by the IAEA - in all letters," he said. Grossi added: "Obviously, to do that, we will have to inspect. Whether this happens the day after tomorrow or in one week or in 10 days, it's important, but not essential. This is going to happen." Those inspections are key for the deal, which calls for Iran's stockpile of uranium to be "downblended" from highly enriched levels. There was no immediate reaction from Iran. On Tuesday, Iran's Foreign Ministry spokesperson Esmail Baghaei told reporters in Tehran that UN inspectors were not scheduled to examine nuclear sites bombed by the US last year, rejecting comments made a day before by US Vice President JD Vance. The IAEA has been allowed to visit other nuclear sites in Iran since the 12-day war in 2025, such as the Bushehr nuclear power plant. But without accessing the enrichment sites, the IAEA says it is unable to verify the status of Iran's stockpile or check the cascades of centrifuges used to enrich uranium. Both Iran and the IAEA say Tehran hasn't been enriching uranium, but nonproliferation experts worry that the Islamic Republic may be moving its stockpile to undeclared areas. The US and Iran agreed to a deal last week that calls for Tehran to dilute its stockpile of enriched uranium and waives US-backed sanctions on the country while giving each side 60 days to hammer out broader agreements. But the uneasy ceasefire already has been tested by Iran saying it closed the strait again over fighting between Israel and the Iranian-backed militia Hezbollah in Lebanon. Violence again broke out in Lebanon on Tuesday, but it did not escalate. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 24 2026 | 11:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JSW Infra stock surged 11% in the last one week. First Published: Jun 24 2026 | 11:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 24 2026 | 11:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Southeast Asia sees haze events mosts years caused by fires allegedly lit by corporations and smallholder farmers to clear land for crops including palm oil First Published: Jun 24 2026 | 10:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KPR Mill, Indo Count, Gokaldas Exports: Textile stocks rallied up to 9% in Wednesday's trade. First Published: Jun 24 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Infosys rose 1.39% to Rs 1,043.60 after the company announced an expanded multi-year collaboration with GlobalFoundries to accelerate AI-driven transformation of the chipmaker's IT operations. GlobalFoundries selected Infosys based on its existing relationship as a technology provider and the latter's semiconductor industry expertise. The collaboration aims to transform the company's IT operations through a managed services model powered by artificial intelligence, automation and continuous optimization. The partnership is expected to help GlobalFoundries improve operational efficiency, strengthen resilience and enhance user experience as part of its ongoing digital transformation initiatives. Infosys said it will leverage its AI capabilities, domain expertise and outcome-based operating model to help reduce IT incidents, improve end-user experiences and lower total cost of ownership over the long term. The company added that the engagement will support GlobalFoundries' transition from reactive IT management to predictive and autonomous service delivery. Infosys is a global leader in business consulting and technology services. The company reported a 27.75% increase in consolidated net profit to Rs 8,501 crore on a 2.02% rise in revenue from operations to Rs 46,402 crore in Q4 FY26 over Q3 FY26. First Published: Jun 24 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Innovision rose 1.09% to Rs 291.45 after the company received a letter of award (LoA) worth Rs 7.74 crore from the National Highways Authority of India (NHAI) for toll collection and facility maintenance services in Andhra Pradesh. The contract is scheduled to commence from 15 August 2026 and will remain valid for a period of one year. Innovision said that neither its promoters nor promoter group entities have any interest in the awarding authority. The contract does not fall under related-party transactions. Innovision provides manpower services, toll plaza management, and skill development training across India. The company offers private security, integrated facility management (IFM), manpower sourcing and payroll services and operates toll plazas primarily for the National Highways Authority of India (NHAI). The companys consolidated net profit jumped 8.33% to Rs 11.87 crore on a 6.42% increase in total income to Rs 268.78 crore in Q4 FY26 over Q4 FY25. First Published: Jun 24 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 24 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IRFC OFS opens: Navratna PSU stock cracks 5%; should you bid or avoid? First Published: Jun 24 2026 | 10:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rashi Peripherals rallied 5.62% to Rs 777.10 after the company entered into definitive agreement to acquire a 67% stake in VDA Infosolutions (VDA) for a cash consideration of Rs 368.50 crore. This acquisition complements the company's core IT products distribution business and offers a strategic opportunity for forward integration in the enterprise technology and digital infrastructure solutions space This transaction marks a strategic inflection point for the company to become a fully integrated technology solutions and services player. The company will capitalize on the strategic partnership through focused growth in the technology services business. Under the agreement, the company will acquire 67% upfront in the first tranche.The remaining 33% stake will be acquired in three equal tranches of 11% each by 31 August 2027, 2028 and 2029, respectively. Kapal Pansari, managing director of Rashi Peripherals said, This transaction marks a pivotal step in strengthening our position in the rapidly evolving enterprise business as a leading provider of high-end technology products and solutions. VDA Infosolutions strong enterprise technology and digital infrastructure expertise and proven delivery capabilities enhance our ability to serve enterprise customers with advanced solutions in AI, cybersecurity, data protection, and cloud infrastructure. We are excited to bring in VDA Infosolutionss deep technical expertise, wide clientele across industry verticals, and a recurring-revenue services engine to enhance our enterprise business capabilities. Rashi Peripherals is one of Indias leading distributors of Information and Communication Technology (ICT) products and solutions, serving as a vital link between global technology OEMs and a diversified network of channel partners. The companys consolidated net profit jumped 64.2% to Rs 84.20 crore on 51% rise in revenue from operations to Rs 4489.37 crore in Q4 FY26 over Q4 FY25. First Published: Jun 24 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Auto stock slipped nearly 3% on turning ex-date for ?5,633 crore share buyback. First Published: Jun 24 2026 | 10:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Union Commerce and Industry Minister Piyush Goyal has said that India and the United States share a strong and growing economic partnership. Mr Goyal met United States Trade Representative Jamieson Greer and US Ambassador to India Sergio Gor in New Delhi yesterday. The Minister said that productive discussions were held on advancing negotiations towards a balanced and mutually beneficial trade agreement, in line with the Joint Statement of 7th of February. He added, India remains committed to working constructively with the United States to further deepen economic ties and create new opportunities for growth and innovation. First Published: Jun 24 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee continues to stay pressured against the dollar in opening trades on Wednesday, tracking firm dollar overseas. Mildly positive start to local equities and easing oil prices are unable to support rupee that is hammered by gains in DXY on the back of a hawkish dollar overseas. INR opened at Rs 94.88 per dollar and hit a low of 94.93 so far during the day. Yesterday, the counter settled at 94.76. The dollar index scales above 101 mark for the first time in more than a year amid growing indications of a Federal rate hike in the near future. The Federal Reserve's hawkish tone at its latest meeting is seen bolstering gains the U.S. dollar. The upcoming PCE inflation report, the Feds preferred gauge, will be closely watched this week for further clarity. First Published: Jun 24 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To be sure, India's coal sector has witnessed a shift away from government control toward increasing private sector participation over the past decade or so This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 23 2026 | 8:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Interio by Godrej intends to grow its topline by 25 per cent in FY27 by pushing retail expansion, deeper market penetration, growth in online sales and entry into new furniture categories. First Published: Jun 23 2026 | 8:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 23 2026 | 7:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 7:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To jointly offer proactive AI-powered cyber defense Wipro announced the expansion of its partnership with Palo Alto Networks, the global AI cybersecurity leader, to offer AI-driven Managed Detection and Response (MDR) services. The partnership brings together Palo Alto Networks' Cortex XSIAM with CyberShield, Wipro's managed security services capabilities in a more focused offering for modern security operations. The new offering will deliver proactive cyber defense with simplified workflows using machine learning, AI, and automation to predict and protect against future attacks. It will enable faster detection and response across complex environments, while filtering signals from noise, improving analyst efficiency, and increasing focus on critical, high-impact threats. This offering is supported by Wipro's WEGA and WINGS, AI delivery platforms that are a part of Wipro Intelligence, suite of AI-powered platforms, solutions, and transformative offerings for workflow orchestration, service transition, and automation at scale across security operations. The expanded relationship builds on an existing foundation with Palo Alto Networks across cloud, network and security transformation, and reflects growing demand from clients for more integrated, AI-led security operations. First Published: Jun 23 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 6:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For incorporation of a renewable energy JV The MoU was signed on 22 June 2026 for the development of large scale Renewable Energy (RE) projects including Solar, Wind, Hybrid Power with or without Energy Storage such as Battery Storage and Pumped Storage Projects or any combination of the same for supply of renewable power to third party, Commercial and Industrial (C&I) consumers, Discoms, energy exchange, for e-mobility, power to applications such as usage/ production of green synthetic fuels/chemicals, complete value chain for solar module manufacturing etc. and any other opportunity in the renewable energy sector in the State of Tamil Nadu, as mutually agreed and based on techno-commercial feasibility. While strengthening its conventional power portfolio, NLCIL has also been actively expanding into large-scale renewable and green energy initiatives including solar,wind, pumped hydro storage, Battery Energy Storage Systems (BESS), green hydrogen, low-carbon round-the-clock power and waste-to-energy projects. First Published: Jun 23 2026 | 6:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 6:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Square Yards also runs technology-led B2B platforms, including a data intelligence platform for property valuation and title search, and PropVR, an AI-powered tool for immersive 3D, virtual and augmented reality property experiences First Published: Jun 23 2026 | 6:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ola Cell Technologies (OCT), a wholly owned subsidiary of Ola Electric, today announced that it has received the Bureau of Indian Standards (BIS) certification under IS 16046 (Part 2):2018 / IEC 62133-2:2017 for its indigenously developed LFP 46100 cylindrical cell. With this achievement, Ola Electric becomes the first Indian company to receive BIS certification for an indigenously developed cell in the 46100 format, marking another significant milestone in India's journey towards advanced battery manufacturing and energy independence. In addition to BIS certification, the LFP 46100 cell has successfully qualified under IS 16893 Parts 2 and 3 and UN 38.3 standards, confirming that the cell has completed the prescribed electrical, mechanical, environmental, reliability, abuse, and transportation-safety evaluations. Developed with significant localization across materials, components, engineering, and manufacturing processes, the LFP 46100 demonstrates Ola Electric's growing ability to develop, qualify, and industrialize advanced cell technologies within India. First Published: Jun 23 2026 | 6:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 3.95 crore shares as against 3.29 crore shares on offer. The issue opened for bidding on 19 June 2026 and it will close on 23 June 2026. The price band of the IPO is fixed between Rs 144 and 152 per share. An investor can bid for a minimum of 98 equity shares and multiples thereof. The initial public offer (IPO) consists of fresh issue to raise Rs 660.72 crore through issuance of 4.59 crore equity shares at the lower band of Rs 144 per share (face value Rs 1 per share) and 4.35 crore equity shares at the upper band of Rs 152 per share. The IPO also comprises of offer for sales (OFS) of 1.46 crore equity shares to raise Rs 210.27-221.95 crore. The promoters, Anand Rohidas Prabhudesai is selling 0.21 crore equity shares and Dhirendra Nalin Mahyavanshi is selling 0.22 crore equity shares through OFS. The promoter shareholding in the company will decline to 13.21% post- IPO from 17.22% pre-IPO. Turtlemint proposes to utilize the net proceeds of IPO towards, expenditure towards cloud and server related infrastructure (Rs 25.643 crore), salary expenditure towards the technology and product development teams (Rs 193.036 crore), expenditure towards marketing initiatives (Rs 39.073 crore), expenditure towards lease payments for existing properties (Rs 43.076 crore), Investment in wholly owned Subsidiary, TIB, for funding its working capital requirements (Rs 128.642 crore) and funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes. Ahead of the IPO, Turtlemint Fintech Solutions on Thursday, 18 June 2026, raised Rs 397.20 crore from anchor investors. The board allotted 2.61 crore shares at Rs 152 each to 32 anchor investors. Turtlemint Fintech Solutions incorporated in 2015 is a tech-enabled insurance distribution platform that connects customers, insurance advisors (digital partners) and insurers. Turtlemint operates the point-of-sale person (PoSP) distribution model with the largest certified PoSP network among the Peer Group as of December 2025. A proprietary technology platform comprises of six integrated components - Turtlemint Pro app, Turtlemint Academy, Ninja SalesPro app, Insurance Hub and Integration Studio, Turtlefin and Turtlemint Consumer app. Turtlemint Pro, a mobile and web-based application empowering digital partners to sell insurance products was launched in FY2018. The platform premium has jumped 33.63% from Rs 1969.26 crore in 9MFY2025 to Rs 2631.57 crore in 9MFY2026. The firm reported a consolidated net loss of Rs 187.39 crore and income from operations of Rs 741.07 crore for the nine months ended on 31 December 2025. First Published: Jun 23 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The dollar index scales above 101 mark for the first time in more than a year on Tuesday amid growing indications of a Federal rate hike in the near future. The Federal Reserve's hawkish tone at its latest meeting is seen bolstering gains the U.S. dollar. However, the yield on the US 10-year Treasury note fell to 4.48% on Tuesday as markets reacted to signs that a USIran deal could move closer to a lasting agreement. The upcoming PCE inflation report, the Feds preferred gauge, will be closely watched this week for further clarity. The dollar index that measures the greenback against a basket of currencies is quoting at 101.09. Among basket currencies, British pound weakened against a firmer US dollar but remained comfortably above $1.32 as investors balanced easing political uncertainty with weaker UK economic data. However, euro slumped to a one-year low. The Swiss franc weakened to near 0.81 per US dollar, falling near its weakest level since November 2025 amid a stronger U.S. dollar and lower oil prices. First Published: Jun 23 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Quess Corp announced a strategic collaboration through its wholly owned subsidiary Quess International Services with Institution for a Global Society (IGS) and Indo-Pacific Advisory (IPA) to establish a robust Indo-Japan Global Capability Center (GCC) corridor. The initiative will support leading Japanese enterprises in building, scaling, and transforming their India operations across high-growth sectors. The partnership draws on the deepening Special Strategic and Global Partnership between India and Japan, two Indo-Pacific economies whose interests are increasingly aligned across trade, technology, supply-chain resilience, and innovation. Japan's commitment to invest 5 trillion yen in India by 2027, reinforced by a renewed 2025 bilateral agreement targeting 10 trillion yen in private investment over a decade, underscores the scale of this ambition. With cooperation advancing under frameworks such as the Japan-India Digital Partnership and the Industrial Competitiveness Partnership, spanning semiconductors, critical minerals, and advanced technologies, the two economies are emerging as natural strategic complements, pairing Japan's industrial and technological depth with India's scale, capability base, and digital momentum. Commenting on the development, Lohit Bhatia, Executive Director & Group CEO, Quess Corp said, India has cemented its position as the world's foremost destination for GCC growth, backed by an unmatched talent ecosystem, advanced digital capabilities, and a workforce built for innovation. For Japanese enterprises accelerating their transformation agendas, India offers far more than cost efficiency, it is a gateway to high-quality technology talent at scale. Through this collaboration, we are establishing a structured Indo-Japan GCC corridor that enables Japanese companies to build and scale operations in India, while creating meaningful, high-skilled employment opportunities for Indian professionals. This combines Quess' workforce and GCC execution expertise with IGS' deep Japanese market access and IPA's strategic government and business ecosystem support. Together, the alliance aims to support Japanese companies across the entire GCC lifecycle, from market entry and pilot team deployment to long-term scaling and transformation. First Published: Jun 23 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To build AI-ready L&D organizations NIIT Learning Systems announced the launch of a comprehensive set of AI solutions designed to help enterprises build the AI-ready L&D organization. Unified under a single framework, the portfolio brings together four integrated solution areas that together equip learning functions to operate, scale, and lead in an environment increasingly shaped by AI. As enterprises move from experimenting with AI to embedding it across the way work gets done, most L&D functions are still searching for a coherent path from ambition to execution. NIIT's new portfolio is built to close that gap, drawing on more than four decades of managed learning experience with some of the world's most demanding organizations. First Published: Jun 23 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 5.64 lakh shares as against 16.32 lakh shares on offer. The issue opened for bidding on Tuesday (23 June 2026) and it will close on Thursday (25 June 2026). The price of the IPO is fixed at Rs 196 per share. The minimum order quantity is 1,200 equity shares. The equity shares will list on BSEs SME platform. The IPO comprises 16,32,000 equity shares, including a fresh issue of 13,59,600 equity shares and offer for sale (OFS) of 2,72,400 equity shares. The promoter and promoter group shareholding will dilute to 61.16% from 94.53% pre-offer. About 81,600 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 15,50,400 equity shares. The issue and the net issue will constitute 34.95% and 33.20%, respectively of the post issue paid up equity share capital the company. The company intends to utilize the net proceeds for purchase of new machineries, capital expenditure for renovation of manufacturing facility and to meet out the general corporate purposes. Jivial Industries manufactures finished aluminium railings and fixtures from unfinished extruded aluminium railings and aluminium castings, customized to customer specifications. Its products are primarily used to support glass installations in partitions, balconies, viewing windows, and building facades. The company's key product offerings include continuous profiles that hold glass panels from the bottom, handrails that support glass from the top, and a range of aluminium fixtures such as spigots, brackets, jointers, locks, end caps, bends, and conceals. Jivial Industries has also secured three patents from the Government of India for its innovative spigot designs, developed by its promoter, Anand Jitendra Chovatiya. As of 31 May 2026, the company had 19 full-time permanent employees including KMP and SMP. The company recorded revenue from operations of Rs 12.11 crore and net profit of Rs 2.95 crore for the period ended 31 December 2025. First Published: Jun 23 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 4:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The six MPs - Nagesh Patil Ashtikar, Sanjay Deshmukh, Sanjay Dina Patil, Bhausaheb Wakchaure, Omraje Nimbalkar and Sanjay Bandu Jadhav - publicly appeared alongside Maharashtra Deputy Chief Minister Eknath Shinde and announced that they would continue to work under his leadership. Declaring the success of "Operation Tiger", Shinde said all legal, constitutional and parliamentary procedures had been completed before the MPs joined his party. He added that the induction marked the second phase of the rebellion that began in June 2022, when he led a split in the undivided Shiv Sena. The move significantly strengthens the Shinde faction's presence in the Lok Sabha, taking its tally from seven MPs to 13. It also enhances the party's standing within the ruling National Democratic Alliance (NDA). Shinde said the MPs had chosen to join his camp to uphold the ideology of Shiv Sena founder Bal Thackeray. He assured the newly inducted leaders that their concerns and constituency-related issues would be addressed by the state and central governments. The development triggered a sharp response from Shiv Sena (UBT). Party leader Aaditya Thackeray accused the BJP and the Shinde-led Shiv Sena of engineering defections to expand their political dominance and weaken the opposition. The media reports suggested that the process would be subject to scrutiny under provisions of the anti-defection law and would require recognition by the relevant authorities. First Published: Jun 23 2026 | 4:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As per provisional closing data, the barometer index, the S&P BSE Sensex tanked 893.39 points or 1.16% to 76,200.68. The Nifty 50 index declined 278.80 points or 1.16% to 23,824.10. In the broader market, the S&P BSE Mid-Cap index fell 0.88% and the S&P BSE Small-Cap index declined 0.62%. The market breadth was weak. On the BSE, 1,498 shares rose and 2,787 shares fell. A total of 181 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 8.56% to 13.94. Initial Public Offer(IPO): Turtlemint Fintech Solutions received bids for 3,78,44,072 shares as against 3,29,01,878 shares on offer, according to stock exchange data at 15:22 IST on 23 June 2026. The issue was subscribed 1.15 times. The issue opened for bidding on 19 June 2026 and it will close on 23 June 2026. The price band of the IPO is fixed between Rs 144 and 152 per share. An investor can bid for a minimum of 98 equity shares and multiples thereof. Waterways Leisure Tourism received bids for 6,19,488 shares as against 41,84,004 shares on offer, according to stock exchange data at 15:22 IST on 23 June 2026. The issue was subscribed 0.15 times. The issue opened for bidding on 23 June 2026 and it will close on 25 June 2026. The price band of the IPO is fixed between Rs 769 and 808 per share. An investor can bid for a minimum of 18 equity shares and multiples thereof. Advit Jewels received bids for 7,31,06,900 shares as against 83,79,300 shares on offer, according to stock exchange data at 15:22 IST on 23 June 2026. The issue was subscribed 8.72 times. The issue opened for bidding on 23 June 2026 and it will close on 25 June 2026. The price band of the IPO is fixed between Rs 130 and 138 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof. Economy: Growth in Indias eight core industrial sectors slowed to 0.5% in May 2026, marking the second-lowest level in 21 months, according to official data released by the Ministry of Commerce and Industry on June 22, 2026. Data from the Index of Eight Core Industries showed that five of the eight sectors recorded contractions during the month. The crude oil sector contracted by 4.6% in May, worsening from a 3.9% decline in April and a 1.8% decline in May 2025. The natural gas sector also remained under pressure, shrinking by 4.9%, its weakest performance in the last three months. The fertiliser sector contracted for the third consecutive month, declining by 0.9% in May. However, this was an improvement compared with contractions of 8.6% in April and 24.6% in March. Among the eight core sectors, only steel, cement and electricity registered growth in May 2026. The electricity sector recorded the strongest growth, with expansion accelerating to 8.7%, helped by a low base as the sector had contracted by 4.7% in May last year. The steel sector continued to grow but at a slower pace, with growth easing to 5%, the lowest level in 13 months. Meanwhile, the cement sector saw growth improve slightly to 8.4% in May from 8.2% in April. Overall, the latest data indicate a broad slowdown in core sector activity, with growth supported mainly by electricity, cement and steel output. Indias business activity expanded at a slower pace in June, with all three key PMI readings moderating, according to the latest flash data released by S&P Global and HSBC. The HSBC Manufacturing Purchasing Managers Index (PMI) eased to 54.5 in June from 55.0 in the previous month, indicating a slowdown in factory activity while remaining in expansion territory. The Services PMI declined to 57.3 in June from 59.8 earlier, reflecting a moderation in service sector growth. Consequently, the Composite PMI fell to 57.4 in June compared with 59.3 in the previous reading, signalling a softer but continued expansion in overall private sector activity. Buzzing Index: The Nifty Metal index fell 3.22% to 12,669.10. The index rose 0.62% in the past two consecutive trading sessions. Vedanta (down 8.17%), National Aluminium Company (down 6.05%), Hindustan Zinc (down 4.78%), Jindal Steel (down 4.29%) and JSW Steel (down 3.35%), Steel Authority of India (down 3.28%), NMDC (down 3.11%), Adani Enterprises (down 3.02%), Tata Steel (down 2.99%) and Hindalco Industries (down 2.68%) declined. Stocks in Spotlight: Network People Services Technologies (NPST) surged 5.21% after the company has received an order from a Maharatna Public Sector Undertaking (PSU) to develop a UPI Third-Party Application Provider (TPAP) application. Syrma SGS Technology rallied 3.35% after the company entered into an agreement with Kaga Electronics India to develop EMS manufacturing facility in India through a joint venture (JV). Under the agreement, the company and Kaga Electronics will set up a joint venture (JV) company to establish, develop and operate a technologically advanced, state of the art EMS manufacturing facility together in India focusing on Japanese clients. In the JV that is proposed to be incorporated, the company will own 60% of the equity shares for total consideration of Rs 15 crore and Kaga will own 40% of the equity shares of the JV for total consideration of 10 crore. Interarch Building Solutions added 1.51% after the company has secured a contract worth Rs 165 crore from a domestic customer to manufacturing steel building system. Birla Corporation added 1.12% after the company announced commencement of commercial production of coal at Bikram Coal Mine with effect from 22 June 2026. Diffusion Engineers rose 0.62%. The company announced that it has secured a domestic order worth approximately Rs 7.49 crore for the supply of flux-cored wire to the defence industry. Lemon Tree Hotels rose 0.13%. The company announced the signing of an 85-room hotel in Janakpur, Nepal, strengthening its international presence in South Asia. Global Markets: The Dow Jones index futures were down 240 points, hinting at a weak opening in US stocks today. European stocks declined on Tuesday as early euphoria over a U.S.-Iran peace deal evaporated, giving way to renewed anxieties over "higher-for-longer" interest rates. Asian markets ended lower, dragged by a sell-off in technology shares amid growing concerns over elevated AI valuations and the prospect of higher U.S. borrowing costs. The sell-off triggered a 20-minute trading halt on the Kospi, the fourth such suspension this year, with the index falling 10% during the session. Oil prices continued to edge lower as supply concerns eased after U.S. Vice President JD Vance said progress had been made in talks with Iran and that the Strait of Hormuz was open. Investors ??are grappling with expectations of an accelerated schedule of rate hikes by a more aggressive Federal Reserve under the leadership of new Chair Kevin Warsh. A key test for the market this week will be Thursdays release of Mays reading on the personal consumption expenditures price index, the Feds preferred inflation gauge. Fed funds futures are pricing an implied 54% probability of at least two 25-basis-point hikes before the ??end of the year, compared with a 15.2% chance a week ago, according to the CME Group's FedWatch tool. Overnight on Wall Street, the S&P 500 fell on Monday, weighed down by declines in technology stocks. Wall Street also assessed the latest developments in the Iran war negotiations and awaited the release of inflation data closely watched by the Federal Reserve. The broad market index fell 0.37% to 7,472.79, while the Nasdaq Composite declined 1.32% to end at 26,166.60. The Dow Jones Industrial Average added 148.01 points, or 0.29%. First Published: Jun 23 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To deploy 200 Bajaj RIKI eCarts across its last-mile delivery network Delhivery and Bajaj Auto announced an agreement to deploy 200 Bajaj RIKI eCarts, across its last-mile delivery network, extending electrification to Tier-2 and Tier-3 cities. This deployment is the first phase of the partnership, with phase 2 planned for 2026 - 2027, totaling approximately 1500 Bajaj electric three-wheelers (L3 & L5). The official flag-off took place today at Bajaj Auto, in Akurdi, Pune. The collaboration represents a significant step forward in the modernization of urban logistics, combining Bajaj Auto's proven expertise in electric mobility; with Delhivery's tech-led operational scale. Designed for demanding last-mile operations, the Bajaj RIKI eCart delivers the reliability, durability and up time that fleet operators require to keep businesses moving. Equipped with an efficient Electric Powertrain, a 2 speed automatic transmission and low maintenance costs, the Bajaj Riki C4005 (eCart) significantly reduces operating costs per kilometer while providing excellent load-ability. When combined with Delhivery's automated route optimization, delivery partners can complete more drop-offs per trip. This operational efficiency translates directly into a sustainable, reliable increase in daily take-home earnings for last-mile delivery partners. First Published: Jun 23 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IRCON International, in joint venture with Badri Rai & Company (BRC), has secured a works contract worth Rs 763.10 crore from Tripura State Electricity Corporation (TSECL). The total contract value stands at Rs 763.10 crore, including GST. Under the joint venture arrangement, Badri Rai & Company, the lead partner, holds a 74% share amounting to Rs 564.70 crore, while IRCON's 26% share is valued at Rs 198.41 crore. Ircon International is a public sector construction company with an emphasis on infrastructure projects, with a specialization in the execution of railway projects on a turnkey basis and otherwise. After commencing business as a railway construction company, it diversified progressively to roads, buildings, electrical substations and distribution, airport construction, and commercial complexes, as well as metro rail works. IRCON International's consolidated net profit declined 9.13% to Rs 191.60 crore in Q4 FY26 from Rs 210.85 crore reported in Q4 FY25. Revenue from operations fell 6.54% to Rs 3,188.98 crore in the quarter ended 31 March 2026, compared with Rs 3,411.97 crore in the corresponding quarter of the previous year. Shares of IRCON International fell 1.73% to Rs 136.70 on the BSE. First Published: Jun 23 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Epack Durable Ltd, National Aluminium Company Ltd, New India Assurance Company Ltd and Jindal Steel Ltd are among the other losers in the BSE's 'A' group today, 23 June 2026. Epack Durable Ltd, National Aluminium Company Ltd, New India Assurance Company Ltd and Jindal Steel Ltd are among the other losers in the BSE's 'A' group today, 23 June 2026. Vedanta Ltd crashed 7.76% to Rs 282.15 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 115.58 lakh shares were traded on the counter so far as against the average daily volumes of 14.73 lakh shares in the past one month. Epack Durable Ltd tumbled 6.83% to Rs 236. The stock was the second biggest loser in 'A' group.On the BSE, 1.89 lakh shares were traded on the counter so far as against the average daily volumes of 84136 shares in the past one month. National Aluminium Company Ltd lost 6.80% to Rs 352.3. The stock was the third biggest loser in 'A' group.On the BSE, 9.37 lakh shares were traded on the counter so far as against the average daily volumes of 5.1 lakh shares in the past one month. New India Assurance Company Ltd slipped 5.89% to Rs 199.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 12.58 lakh shares were traded on the counter so far as against the average daily volumes of 6.53 lakh shares in the past one month. Jindal Steel Ltd corrected 4.67% to Rs 1079. The stock was the fifth biggest loser in 'A' group.On the BSE, 69584 shares were traded on the counter so far as against the average daily volumes of 59826 shares in the past one month. First Published: Jun 23 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nikkei 225 fell 3.6% to close at 69,788, while the broader TOPIX declined 2.6% to 3,990. Both benchmarks pulled back from record highs. Market sentiment was also affected by overnight weakness on Wall Street, where major US technology stocks came under pressure. At the same time, investors monitored developments in US-Iran talks. Sentiment received some support after Washington granted Tehran a 60-day licence to sell oil in international markets, raising expectations of a faster recovery in global oil supply. Technology and semiconductor-related stocks led the declines. Shares of SoftBank Group dropped 10.1%, while Kioxia Holdings slumped 15.1%. Among other notable movers, Tokyo Electron fell 6.2%, while Ibiden declined 6.6%. Overall, the market correction reflected profit-taking in high-growth technology stocks after recent gains, alongside cautious sentiment following weakness in global technology shares. First Published: Jun 23 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Shanghai Composite fell 1.37% to close at 4,106, while the Shenzhen Component Index dropped 3.17% to 15,854. The decline came after both indices had recently touched a one-month high and, in the case of Shenzhen, an over 11-year peak. Investor sentiment was weighed down by losses in global technology stocks, as concerns grew that the sectors prolonged rally may have become overextended. Chinese technology shares also witnessed broad-based selling, with Zhongji Innolight falling 5.23%, Eoptolink Technology declining 4.82%, and Victory Giant Technology dropping 7.44%. In contrast, financial stocks outperformed the broader market. Shares of Industrial and Commercial Bank of China gained 2.5%, while Agricultural Bank of China rose 2.66%. On the economic front, data showed that Chinas cumulative fiscal deficit narrowed for the first time in more than two years. The combined deficit across the countrys two main government budgets stood at 3.16 trillion yuan during JanuaryMay, despite continued weakness in domestic demand and slower economic growth. First Published: Jun 23 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Akasa Air plans to come out with its initial share sale in the next two to four years, depending on achieving various milestones, its Chief Financial Officer Ankur Goel said on Tuesday as he stressed that the airline's IPO is "not a question of if but a question of when". After taking to the skies in August 2022, the airline is slowly expanding its presence and currently flies to 34 destinations, including 7 international cities. The nearly four-year-old carrier, now, has a fleet of 39 planes and aims to have 226 aircraft by 2032. Responding to queries about the Initial Public Offering (IPO) at a briefing in the national capital, Goel said the time frame is going to be 2-4 years, depending on achieving various milestones such as being EBITDA positive, cash flow and profitability. "IPO will happen for us, it is not a question of if, it is a question of when, we are not creating an airline to do an IPO, we are creating an airline that really creates value...," he said, and also mentioned that the airline is well-capitalised. The loss-making airline was EBITDA positive during the September 2025 - March 2026 period. EBITDA refers to Earnings Before Interest, Taxes, Depreciation and Amortisation. "The fact that this year our losses were lower than the losses in the last year tells you the story, that each of the metrics that we are speaking about, whether it is the metric of revenue, unit revenues, whether it is the metric of unit cost, whether it is the metric of EBITDA, whether it is the metric of cash burn, all these metrics continue to improve in the manner that we predict," Goel said. According to him, the airline aims to increase capacity by 30 per cent in this financial year, and the capacity growth would be in the range of 30-40 per cent in the next 4-5 years. "Long-term plans have not gone through any rethink... plans remain on firm footing," he said amid the airlines' industry facing multiple headwinds, mainly due to the West Asia conflict. To a query on whether airfares have gone up, the Akasa Air CFO replied that when the load factor is around 90 per cent, he would not say that fares are high and that fares reflect the underlying demand. "Fares are dynamic. Fares will go up and will come down. It is not a yes or no. The fares are dynamic, and the algorithm will ensure that fares will align with the prevailing demand in the market," he noted. This fiscal, the airline said it would continue to strengthen its presence across domestic and international markets while leveraging opportunities presented by Navi Mumbai International Airport and Noida International Airport. The next phase of international expansion would be in Southeast Asia, Goel said. Operating revenue rose 37 per cent and capacity in terms of Available Seat Kilometres (ASKs) grew 30 per cent in the fiscal ended March 2026. During the same period, stage adjusted Revenue per Available Seat Kilometre (RASK) improved 10 per cent, the airline said on Tuesday. "The airline's Cost per Available Seat Kilometre (CASK) reduced by 4 per cent year-on-year, as it absorbed significant industry cost pressures while EBITDAR margins improved by staggering 60 per cent, reflecting the benefits of scale, operational efficiency, and disciplined commercial execution," it said. Last fiscal, the carrier completed a funding round and also received additional investment from the Jhunjhunwala family and associates. So far in 2026, the airline has added eight aircraft, taking its total fleet size to 39. The carrier has placed an order for 226 Boeing 737 MAX aircraft, and the remaining 187 planes are scheduled for delivery over the next six years. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 23 2026 | 3:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company is also aiming to increase production capacity to 1.3 million units within two to ?three years from 900,000 units annually India's Tata Motors Passenger Vehicles said on Tuesday that it expects to nearly double revenue and sales volumes by fiscal 2031. The Jaguar Land Rover parent ?expects to report revenue of over ?6 trillion ($63.32 billion) and increase its sales volume to over 1.2 million units by 2031, it said in an investor presentation. It reported annual revenue of 3.36 trillion rupees, with a sales volume of 640,000, in fiscal 2026. The automaker said a "significant" share of its over 600,000 ?incremental volumes by FY31 will be driven by electric and CNG vehicles. It also recently outlined plans to invest 330 billion to 350 billion rupees in its passenger and EV business between FY26 and FY30. The company is also aiming to increase production capacity to 1.3 million units within two to ?three years from 900,000 units annually. Tata Motors PV sees an earnings before interest and ?taxes (EBIT) margin of 10% and expects to grow market ?share to 20% by 2031, according to its investor presentation. The automaker is also expanding its ?powertrain strategy with a greater focus on gas-powered cars as a way to attract more buyers and reduce emissions. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 23 2026 | 3:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators increased net long positions in the Euro futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net long position of 34353 contracts in the data reported through June 16, 2026. This was a weekly rise of 20320 net positions, rebounding from 2-month low. First Published: Jun 23 2026 | 3:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The scope of the work includes Design, Engineering, Manufacture, Assembly, Inspection, Testing at Manufacturer's Works before Dispatch, Packing, Supply, Delivery at Site, Including Insurance during Transit, Subsequent Storage at delivery location(s), Erection, Testing and Commissioning of Under Ground Power Cable Network (HT & LT), Smart Grid Applications including Supervisory Control and Data Acquisition (SCADA), Advanced Distribution Management System (ADMS), Outage Management System (OMS), GIS Mapping & integration, Under Ground OFC Communication System by laying of Optical Fiber Cable (OFC), Integration with third party IT application softwares & hardwares (such as Billing, ERP, & CIS) along with Underground Power Cable and establishment of Smart Grid Control Centre (Main & Backup) with Distribution Network Automation (DNA) including facility management and O&M of system in Agartala Municipality Area, Tripura (Package-A) of Agartala Smart Grid. First Published: Jun 23 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 3:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Real estate consultant Square Yards on Tuesday said it has raised ?900 crore from investors to grow business and refinance debt. In a statement, the company said it has raised ?900 crore, comprising a mix of debt and equity. Square Yards said the equity fund was raised at a valuation higher than its previous round. Sources said the fund was raised at a valuation of more than USD 1 billion, thereby helping the company to achieve unicorn status. During the last fiscal, Square Yards reported revenue of ?2,086 crore, a 48 per cent year-on-year growth. The EBITDA jumped 3.7 times to ?176 crore. Square Yards offers integrated services, including property search, transactions, home loans, interiors, and property management. The fund will help fortify its balance sheet while enabling the company to fuel further expansion and strengthen its technological infrastructure. Square Yards said it is preparing for Initial Public Offering (IPO). Tanuj Shori, Founder & CEO of Square Yards, said: "This significant capital raise from such esteemed institutional partners is a profound validation of our resilient business model and our relentless pursuit of revolutionizing the real estate ecosystem." The company said it has a profitable, scalable, and fully integrated platform. "As we gear up for our upcoming IPO, this capital raise will provide us with the strategic firepower to accelerate our market expansion, deepen our technological moats, and continue delivering exceptional value to our customers and stakeholders," Shori said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 23 2026 | 3:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Marin Electricals rallied 3.46% to Rs 279.25 after the company has secured two orders aggregating to Rs 75.19 crore, excluding taxes. Marine Electricals (India) is engaged in the manufacturing and sale of all types of marine and industrial electrical & electronic components like switchgears, control gears, etc., and is also engaged in the renewable energy sector, specifically solar. It also provides services like designing and fabricating for all types of electrical & electronic installations in India and abroad and undertakes annual maintenance contracts. The companys consolidated net profit jumped 38.12% to Rs 18.48 crore on 10.66% rise in revenue from operations to Rs 277.48 crore in Q4 FY26 over Q4 FY25. First Published: Jun 23 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market fall explained: KOSPI crash, F&O expiry among key triggers First Published: Jun 23 2026 | 2:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 14:28 IST, the barometer index, the S&P BSE Sensex, tanked 547.64 points or 0.71% to 76,546.43. The Nifty 50 index fell 187.80 points or 0.79% to 23,912.90. In the broader market, the BSE 150 MidCap Index fell 0.45% and the BSE 250 SmallCap Index shed 0.40%. The market breadth was weak. On the BSE, 2,720 shares rose and 1,400 shares fell. A total of 195 shares were unchanged. Economy: Growth in Indias eight core industrial sectors slowed to 0.5% in May 2026, marking the second-lowest level in 21 months, according to official data released by the Ministry of Commerce and Industry on June 22, 2026. Data from the Index of Eight Core Industries showed that five of the eight sectors recorded contractions during the month. The crude oil sector contracted by 4.6% in May, worsening from a 3.9% decline in April and a 1.8% decline in May 2025. The natural gas sector also remained under pressure, shrinking by 4.9%, its weakest performance in the last three months. The fertiliser sector contracted for the third consecutive month, declining by 0.9% in May. However, this was an improvement compared with contractions of 8.6% in April and 24.6% in March. Among the eight core sectors, only steel, cement and electricity registered growth in May 2026. The electricity sector recorded the strongest growth, with expansion accelerating to 8.7%, helped by a low base as the sector had contracted by 4.7% in May last year. The steel sector continued to grow but at a slower pace, with growth easing to 5%, the lowest level in 13 months. Meanwhile, the cement sector saw growth improve slightly to 8.4% in May from 8.2% in April. Overall, the latest data indicate a broad slowdown in core sector activity, with growth supported mainly by electricity, cement and steel output. Indias business activity expanded at a slower pace in June, with all three key PMI readings moderating, according to the latest flash data released by S&P Global and HSBC. The HSBC Manufacturing Purchasing Managers Index (PMI) eased to 54.5 in June from 55.0 in the previous month, indicating a slowdown in factory activity while remaining in expansion territory. The Services PMI declined to 57.3 in June from 59.8 earlier, reflecting a moderation in service sector growth. Consequently, the Composite PMI fell to 57.4 in June compared with 59.3 in the previous reading, signalling a softer but continued expansion in overall private sector activity. Buzzing Index: The Nifty IT index fell 1.94% to 27,092.50. The index jumped 0.74% in the past trading session. Tata Consultancy Services (down 2.97%), Infosys (down 2.95%), Wipro (down 2.91%), Mphasis (down 2.17%) and LTM (down 1.87%), Tech Mahindra (down 1.7%), HCL Technologies (down 1.46%), Coforge (down 0.63%), Persistent Systems (down 0.38%) added. Numbers to Track: The yield on India's 10-year benchmark federal paper was down 0.29% to 6.831 as compared with previous close 6.851. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 94.8700 compared with its close of 94.6300 during the previous trading session. MCX Gold futures for 5 August 2026 settlement declined 1.41% to Rs 146,030. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.17% to 101.17. The United States 10-year bond yield fell 0.36% to 4.487. In the commodities market, Brent crude for August 2026 settlement fell 32 cents or 0.41% to $77.58 a barrel. Stocks in Spotlight: Network People Services Technologies (NPST) surged 7.27% after the company has received an order from a Maharatna Public Sector Undertaking (PSU) to develop a UPI Third-Party Application Provider (TPAP) application. Yash Highvoltage jumped 7.24% after the company announced the approval of a preferential issue aggregating up to approximately Rs 151 crore, subject to shareholder and other requisite statutory and regulatory approvals. First Published: Jun 23 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
We Win rose 2% to Rs 51 after the company announced that it has received a work order worth Rs 8.69 crore from the Madhya Pradesh Road Development Corporation (MPRDC). The project is valid for a period of three years and may be extended by up to two additional years, subject to satisfactory performance and mutual agreement between both parties. The total contract value for the three-year term stands at Rs 8.69 crore. We Win is primarily engaged in providing customer relationship management (CRM) services, including call centre and support centre operations. The company has a market capitalization of Rs 51.82 crore. On the financial front, the company reported a 15.74% decline in consolidated net profit to Rs 0.91 crore in the quarter ended March 2026, compared with Rs 1.08 crore in the corresponding quarter of the previous year. However, revenue from operations rose 51.65% to Rs 30.77 crore from Rs 20.29 crore year-on-year. First Published: Jun 23 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cohance Lifesciences Ltd registered volume of 234.51 lakh shares by 14:14 IST on NSE, a 41.19 fold spurt over two-week average daily volume of 5.69 lakh shares Piramal Pharma Ltd, Kirloskar Oil Engines Ltd, Vedanta Ltd, Neuland Laboratories Ltd are among the other stocks to see a surge in volumes on NSE today, 23 June 2026. Cohance Lifesciences Ltd registered volume of 234.51 lakh shares by 14:14 IST on NSE, a 41.19 fold spurt over two-week average daily volume of 5.69 lakh shares. The stock rose 13.55% to Rs.460.15. Volumes stood at 3.61 lakh shares in the last session. Piramal Pharma Ltd saw volume of 811.88 lakh shares by 14:14 IST on NSE, a 25.97 fold spurt over two-week average daily volume of 31.26 lakh shares. The stock increased 6.43% to Rs.168.70. Volumes stood at 27.1 lakh shares in the last session. Kirloskar Oil Engines Ltd saw volume of 112.23 lakh shares by 14:14 IST on NSE, a 24.16 fold spurt over two-week average daily volume of 4.64 lakh shares. The stock increased 3.75% to Rs.2,479.30. Volumes stood at 17.94 lakh shares in the last session. Vedanta Ltd saw volume of 1586.3 lakh shares by 14:14 IST on NSE, a 8.78 fold spurt over two-week average daily volume of 180.69 lakh shares. The stock dropped 8.34% to Rs.280.35. Volumes stood at 135.51 lakh shares in the last session. Neuland Laboratories Ltd recorded volume of 1.69 lakh shares by 14:14 IST on NSE, a 5.6 times surge over two-week average daily volume of 30124 shares. The stock gained 5.25% to Rs.18,128.00. Volumes stood at 16943 shares in the last session. First Published: Jun 23 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Arvind stock has surged 66% thus far in 2026. First Published: Jun 23 2026 | 2:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 13:30 ST, the barometer index, the S&P BSE Sensex, declined 668.61 points or 0.87% to 76,425.46. The Nifty 50 index fell 219.05 points or 0.91% to 23,883.85. In the broader market, the BSE 150 MidCap Index fell 0.45% and the BSE 250 SmallCap Index shed 0.40%. The market breadth was weak. On the BSE, 2,720 shares rose and 1,400 shares fell. A total of 195 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 9.14% to 14.02. Economy: Growth in Indias eight core industrial sectors slowed to 0.5% in May 2026, marking the second-lowest level in 21 months, according to official data released by the Ministry of Commerce and Industry on June 22, 2026. Data from the Index of Eight Core Industries showed that five of the eight sectors recorded contractions during the month. The crude oil sector contracted by 4.6% in May, worsening from a 3.9% decline in April and a 1.8% decline in May 2025. The natural gas sector also remained under pressure, shrinking by 4.9%, its weakest performance in the last three months. The fertiliser sector contracted for the third consecutive month, declining by 0.9% in May. However, this was an improvement compared with contractions of 8.6% in April and 24.6% in March. Among the eight core sectors, only steel, cement and electricity registered growth in May 2026. The electricity sector recorded the strongest growth, with expansion accelerating to 8.7%, helped by a low base as the sector had contracted by 4.7% in May last year. The steel sector continued to grow but at a slower pace, with growth easing to 5%, the lowest level in 13 months. Meanwhile, the cement sector saw growth improve slightly to 8.4% in May from 8.2% in April. Overall, the latest data indicate a broad slowdown in core sector activity, with growth supported mainly by electricity, cement and steel output. Indias business activity expanded at a slower pace in June, with all three key PMI readings moderating, according to the latest flash data released by S&P Global and HSBC. The HSBC Manufacturing Purchasing Managers Index (PMI) eased to 54.5 in June from 55.0 in the previous month, indicating a slowdown in factory activity while remaining in expansion territory. The Services PMI declined to 57.3 in June from 59.8 earlier, reflecting a moderation in service sector growth. Consequently, the Composite PMI fell to 57.4 in June compared with 59.3 in the previous reading, signalling a softer but continued expansion in overall private sector activity. Gainers & Losers: Cipla (up 2.07%), Dr. Reddy's Laboratories (up 1.05%), Sun Pharmaceutical Industries (up 0.72%) and Apollo Hospitals Enterprise (up 0.37%) were the major Nifty50 gainers. Hindalco Industries (down 3.24%), Infosys (down 3.06%), JSW Steel (down 3.10%) and Tata Consultancy Services (down 2.86%) were the major Nifty50 losers. Stocks in Spotlight: Network People Services Technologies (NPST) surged 7.20% after the company has received an order from a Maharatna Public Sector Undertaking (PSU) to develop a UPI Third-Party Application Provider (TPAP) application. Info Edge (India) rose 3.10% after the company shared a detailed update on its startup investment portfolio, highlighting strong gains from its artificial intelligence (AI), deeptech and consumer technology bets. Syrma SGS Technology rallied 3.45% after the company entered into an agreement with Kaga Electronics India to develop EMS manufacturing facility in India through a joint venture (JV). Under the agreement, the company and Kaga Electronics will set up a joint venture (JV) company to establish, develop and operate a technologically advanced, state of the art EMS manufacturing facility together in India focusing on Japanese clients. In the JV that is proposed to be incorporated, the company will own 60% of the equity shares for total consideration of Rs 15 crore and Kaga will own 40% of the equity shares of the JV for total consideration of 10 crore. Global Markets: European stocks opened sharply in red on Tuesday as early euphoria over a U.S.-Iran peace deal evaporated, giving way to renewed anxieties over "higher-for-longer" interest rates. Asian markets traded lower as investors grappled with rising expectations the Federal Reserve may take more aggressive action to tackle inflation later this year. Oil prices continued to edge lower as supply concerns eased after U.S. Vice President JD Vance said progress had been made in talks with Iran and that the Strait of Hormuz was open. Investors ??are grappling with expectations of an accelerated schedule of rate hikes by a more aggressive Federal Reserve under the leadership of new Chair Kevin Warsh. A key test for the market this week will be Thursdays release of Mays reading on the personal consumption expenditures price index, the Feds preferred inflation gauge. Even excluding volatile food and energy prices, core PCE is expected to increase from April, according to economists polled by FactSet. Fed funds futures are pricing an implied 54% probability of at least two 25-basis-point hikes before the ??end of the year, compared with a 15.2% chance a week ago, according to the CME Group's FedWatch tool. Overnight on Wall Street, the S&P 500 fell on Monday, weighed down by declines in technology stocks. Wall Street also assessed the latest developments in the Iran war negotiations and awaited the release of inflation data closely watched by the Federal Reserve. The broad market index fell 0.37% to 7,472.79, while the Nasdaq Composite declined 1.32% to end at 26,166.60. The Dow Jones Industrial Average added 148.01 points, or 0.29%. A key test for the market this week will be Thursdays release of Mays reading on the personal consumption expenditures price index, the Feds preferred inflation gauge. Even excluding volatile food and energy prices, core PCE is expected to increase from April, according to economists polled by FactSet. First Published: Jun 23 2026 | 2:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Yash Highvoltage jumped 7.24% to Rs 897.20 after the company announced the approval of a preferential issue aggregating up to approximately Rs 151 crore, subject to shareholder and other requisite statutory and regulatory approvals. The companys board has approved the issuance of up to 12,62,131 equity shares and 8,32,177 convertible warrants, each warrant convertible into one equity share of the company, at an issue price of Rs 721 per security, aggregating up to approximately Rs 151 crore. The proposed issue has attracted participation from a distinguished group of institutional investors, family offices and long-term and reputed investors. The proceeds from the issue are intended to support the company's next phase of growth through expansion of manufacturing and testing infrastructure, enhancement of existing facilitys capabilities, and strengthening of its position in the power equipment ecosystem. A key focus area of the proposed investment is the expansion of the Company's Resin Impregnated Paper (RIP) bushing manufacturing facility from the originally envisaged 245 kV range to the 550 kV category. The proposed investments will support the establishment of advanced assembly and testing infrastructure, including high-voltage testing facilities and specialized equipment required for the development, validation and qualification of 550 kV RIP bushings. The company also plans to invest in engineering, product development and certification capabilities to meet global standards and address opportunities across domestic and international markets. In addition, Yash intends to undertake a brownfield expansion of its existing Oil-Impregnated Paper (OIP) bushing manufacturing facility to cater to growing demand from transformer manufacturers, utilities and power infrastructure developers. India's power generation and transmission sector is witnessing significant investments driven by renewable energy integration, grid modernization initiatives and rising electricity demand owing to rapid industrialization and urbanization, data centre and EV infrastructure among other developments. With these increasing investments, the company believes it is well positioned to capitalize on long-term industry tailwinds and strengthen its presence across domestic and export markets. Keyur Shah, chairman & managing director, Yash Highvoltage, said: "The proposed fund raise marks an important milestone in Yash Highvoltage's growth journey. We are grateful for the confidence shown by investors, whose support reinforces our conviction in the long-term opportunities emerging within the power generation and transmission sector." Yash Highvoltage Limited is a leading manufacturer of transformer bushings catering to the power generation and transmission industry. The company serves leading transformer manufacturers, utilities and power sector customers worldwide. First Published: Jun 23 2026 | 2:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dabur India Ltd is quoting at Rs 420.4, down 0.44% on the day as on 13:19 IST on the NSE. The stock tumbled 11.51% in last one year as compared to a 4.48% slide in NIFTY and a 9.61% fall in the Nifty FMCG index. Dabur India Ltd is down for a fifth straight session today. The stock is quoting at Rs 420.4, down 0.44% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.75% on the day, quoting at 23923.15. The Sensex is at 76581.64, down 0.66%.Dabur India Ltd has lost around 5.99% in last one month.Meanwhile, Nifty FMCG index of which Dabur India Ltd is a constituent, has eased around 2.06% in last one month and is currently quoting at 49355.1, down 0.47% on the day. The volume in the stock stood at 9.53 lakh shares today, compared to the daily average of 23.44 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 421.35, down 0.55% on the day. Dabur India Ltd tumbled 11.51% in last one year as compared to a 4.48% slide in NIFTY and a 9.61% fall in the Nifty FMCG index. The PE of the stock is 49.86 based on TTM earnings ending March 26. First Published: Jun 23 2026 | 2:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Colgate-Palmolive (India) Ltd is quoting at Rs 1976.6, down 0.27% on the day as on 13:19 IST on the NSE. The stock tumbled 18.48% in last one year as compared to a 4.48% slide in NIFTY and a 9.61% fall in the Nifty FMCG index. Colgate-Palmolive (India) Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1976.6, down 0.27% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.75% on the day, quoting at 23923.15. The Sensex is at 76581.64, down 0.66%.Colgate-Palmolive (India) Ltd has eased around 5.74% in last one month.Meanwhile, Nifty FMCG index of which Colgate-Palmolive (India) Ltd is a constituent, has eased around 2.06% in last one month and is currently quoting at 49355.1, down 0.47% on the day. The volume in the stock stood at 1.74 lakh shares today, compared to the daily average of 5.47 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1978.2, down 0.42% on the day. Colgate-Palmolive (India) Ltd tumbled 18.48% in last one year as compared to a 4.48% slide in NIFTY and a 9.61% fall in the Nifty FMCG index. The PE of the stock is 40.12 based on TTM earnings ending March 26. First Published: Jun 23 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 1:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 1:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Akasa Air aims at 30 per cent capacity growth in the current financial year and the long term plans have not gone through any rethink amid the geopolitical uncertainties, the airline's Chief Financial Officer Ankur Goel said on Tuesday. The airline, which has been flying for nearly four years, currently has a fleet of 39 Boeing 737 MAX planes and around 25 per cent of its capacity is deployed in international routes. In the 2025-26 fiscal, the airline's operating revenue increased 37 per cent and capacity measured through Available Seat Kilometres (ASKs) rose 30 per cent. At a briefing in the national capital, Goel said the focus is to remain well capitalised and the airline has enough cushion to tide through the current situation. The West Asia conflict and higher fuel prices have pushed the operational costs for airlines and some of them have temporarily cut flights. According to Goel, Akasa Air aims to increase capacity by 30 per cent in this financial year and the capacity growth would be in the range of 30-40 per cent in the next 4-5 years. "Long term plans have not gone through any rethink.. plans remain on firm footing," he said. The airline, currently, connects 27 domestic and 7 international destinations. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 23 2026 | 1:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nifty IT index declined 2% in Tuesday's trading session. First Published: Jun 23 2026 | 1:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Technical outlook on metal stocks by Jatin Gedia of Teji Mandi. First Published: Jun 23 2026 | 12:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank of India (RBI) on Tuesday injected ?1,41,171 crore transient liquidity into the banking system through a seven-day variable rate repo (VRR) auction. The funds were infused at a cut-off and weighted average rate of 5.26 per cent, according to the RBI's release. This was done after the liquidity in the banking system turned in to deficit of ?19,971.89 crore as on June 22, from a surplus of ?30,685.11 crore as on June 21. Experts attributed the tightening of liquidity to the outflows on account of goods and services tax (GST) payments from the banking system. The liquidity entering the deficit territory has put pressure on the overnight money market rates, with weighted average call money rate trading at 5.43 per cent, which is 0.18 per cent above the RBI's repo rate. Similarly, the tri-party repo (treps) were trading 0.05-0.07 per cent over the repo rate. In the last few days, the central bank has been infusing transient liquidity into the banking system as it has come under pressure since outflows of advance tax payments. To ease liquidity pressures and keep overnight money market rates in check, the central bank has infused transient liquidity of about ?2.43 trillion through variable rate repo (VRR) auctions of different tenures over the past few days. Of the total infusion, the RBI injected ?36,300 crore on Monday via overnight VRR, ?16,750 crore on Friday through three-day VRR auction, ?72,300 crore on Wednesday through two VRR auctions, ?89,440 crore via a seven-day VRR auction on June 16, and ?28,220 crore through an overnight VRR auction on June 15, according to the RBI data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 23 2026 | 12:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 12:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 12:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 12:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dhabriya Polywood announced that its wholly owned subsidiary, Dynasty Modular Furnitures Pvt. Ltd., has received a work order worth Rs 13.05 crore from M3M Group for the execution of modular kitchen works. The company clarified that the contract does not fall under related-party transactions and that neither its promoters nor promoter group entities have any interest in the award. Dhabriya Polywood is one of the leading manufacturers & suppliers of extruded PVC/uPVC profile sections and Dstona sheets & moldings for various furnishing & furniture applications (i.e., doors, partitions, ceilings, paneling, fencing, prefabs, interiors & furnishings, etc.), uPVC windows & doors, and aluminum window systems. On the financial front, the company's consolidated net profit increased 54.93% to Rs 8.32 crore in the quarter ended March 2026, compared with Rs 5.37 crore in the corresponding quarter of the previous year. During the quarter sales rose 9.88% to Rs 69.74 crore from Rs 63.47 crore reported in the quarter ended March 2025. The counter rose 0.07% to Rs 403.70 on the BSE. First Published: Jun 23 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
U.S. markets ended mixed with the S&P 500 and Nasdaq falling on tech weakness, even as the Dow gained. Oil prices eased after U.S.-Iran talks, but rising Treasury yields and stronger Fed rate hike expectations pressured sentiment globally. Asian and The S&P 500 slipped 0.4% coming off its 11th winning week in the last 12, and pulled 1.8% below its all-time high set early this month. The Dow Jones Industrial Average added 148 points (0.3%) and the Nasdaq composite slumped 1.3%. In the oil market, prices fell following talks over the weekend between the United States and Iran on their war. U.S. Vice President JD Vance said they created a good foundation for a successful final deal. An end to the war could clear the Strait of Hormuz for oil tankers and allow for the undisputed resumption of deliveries from the Persian Gulf. Irans military had said Saturday that it closed the Strait of Hormuz again, though U.S. Central Command has disputed that. Traders are betting on a nearly 90% chance the Fed will raise its federal funds rate at least once by the end of the year, with a small minority calling for four increases. Thats up from the 57% chance seen just a week ago, according to data from CME Group. SpaceX fell 16.4% to $154.60. Its the third straight drop for the company behind xAI since a big three-day run following its ballyhooed debut on the U.S. stock market when it initially sold its stock at $135 per share. The days heaviest weights on the S&P 500 included drops of 5% for Alphabet, 4.7% for Amazon and 4.5% for Broadcom. AbbVie climbed 6.2% after saying it agreed to buy Apogee Therapeutics and its potential treatments for patients with dermatologic, respiratory and other related inflammatory and immunological diseases. Apogee Therapeutics soared 46.7% following the announcement of the deal, valued at roughly $10.9 billion. In stock markets abroad, the United Kingdoms FTSE 100 rose 0.7% after Keir Starmer said he was stepping down as leader of the governing Labour Party and will leave office within weeks. In Asia, Tokyos Nikkei 225 jumped 1.5% and ended at another all-time high, led by AI stocks. South Koreas Kospi rose 0.7% to its own record, helped by AI-related companies. The yield on the 10-year Treasury climbed to 4.50% from 4.46% late Thursday and from just 3.97% before the war. High yields in bond markets worldwide caused by worries about inflation are threatening to slow economies, and they have already sent rates higher for mortgages and other kinds of loans. High yields also hurt prices for investments, particularly those seen as the most expensive. That raises the pressure on companies whose stock prices have soared in the mania around artificial-intelligence technology. First Published: Jun 23 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators in the US dollar futures market sharply increased net long position to a near 15-month high, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of US dollar index futures, traded by large speculators and hedge funds, totaled a net long position of 13197 contracts in the data reported through June 16, 2026, marking a rise of 11813 net positions compared to the previous week. First Published: Jun 23 2026 | 11:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 11:30 ST, the barometer index, the S&P BSE Sensex, added 46.17 points or 0.06% to 77,142.65. The Nifty 50 index rose 12.15 points or 0.05% to 24,114.40. The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.13% and the BSE 250 SmallCap Index jumped 0.24%. The market breadth was positive. On the BSE, 2,606 shares rose and 1,794 shares fell. A total of 216 shares were unchanged. Initial Public Offer(IPO): Turtlemint Fintech Solutions received bids for 1,81,37,056 shares as against 3,29,01,878 shares on offer, according to stock exchange data at 11:22 IST on 23 June 2026. The issue was subscribed 0.55 times. The issue opened for bidding on 19 June 2026 and it will close on 23 June 2026. The price band of the IPO is fixed between Rs 144 and 152 per share. An investor can bid for a minimum of 98 equity shares and multiples thereof. Waterways Leisure Tourism received bids for 2,45,214 shares as against 41,84,004 shares on offer, according to stock exchange data at 11:22 IST on 23 June 2026. The issue was subscribed 0.06 times. The issue opened for bidding on 23 June 2026 and it will close on 25 June 2026. The price band of the IPO is fixed between Rs 769 and 808 per share. An investor can bid for a minimum of 18 equity shares and multiples thereof. Advit Jewels received bids for 2,30,88,300 shares as against 83,79,300 shares on offer, according to stock exchange data at 11:22 IST on 23 June 2026. The issue was subscribed 2.76 times. The issue opened for bidding on 23 June 2026 and it will close on 25 June 2026. The price band of the IPO is fixed between Rs 130 and 138 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof. Economy: Growth in Indias eight core industrial sectors slowed to 0.5% in May 2026, marking the second-lowest level in 21 months, according to official data released by the Ministry of Commerce and Industry on June 22, 2026. Data from the Index of Eight Core Industries showed that five of the eight sectors recorded contractions during the month. The crude oil sector contracted by 4.6% in May, worsening from a 3.9% decline in April and a 1.8% decline in May 2025. The natural gas sector also remained under pressure, shrinking by 4.9%, its weakest performance in the last three months. The fertiliser sector contracted for the third consecutive month, declining by 0.9% in May. However, this was an improvement compared with contractions of 8.6% in April and 24.6% in March. Among the eight core sectors, only steel, cement and electricity registered growth in May 2026. The electricity sector recorded the strongest growth, with expansion accelerating to 8.7%, helped by a low base as the sector had contracted by 4.7% in May last year. The steel sector continued to grow but at a slower pace, with growth easing to 5%, the lowest level in 13 months. Meanwhile, the cement sector saw growth improve slightly to 8.4% in May from 8.2% in April. Overall, the latest data indicate a broad slowdown in core sector activity, with growth supported mainly by electricity, cement and steel output. Buzzing Index: The Nifty Pharma index rose 1.72% to 25,188.25. The index added 4.31% in the four consecutive trading sessions. Piramal Pharma (up 8.01%), Laurus Labs (up 3.04%), Zydus Lifesciences (up 2.89%), Cipla (up 2.86%) and Gland Pharma (up 2.2%), Ipca Laboratories (up 2.11%), Biocon (up 1.95%), Alkem Laboratories (up 1.92%), Aurobindo Pharma (up 1.88%) and Sun Pharmaceutical Industries (up 1.62%) added. Stocks in Spotlight: Bharat Electronics (BEL) rose 0.80%. The company announced that it has secured additional orders worth Rs 1,081 crore since its last disclosure on 25 May 2026. Birla Corporation added 1.12% after the company announced commencement of commercial production of coal at Bikram Coal Mine with effect from 22 June 2026. DEE Development Engineers (DDEL) fell 0.20%. The company announced that its wholly owned subsidiary, Dee Fabricom India, has secured an order worth Rs 64 crore from Ganeko Solar for the supply of windmill towers. Global Markets: Asian markets traded lower on Tuesday as investors grappled with rising expectations the Federal Reserve may take more aggressive action to tackle inflation later this year. Oil prices continued to edge lower as supply concerns eased after U.S. Vice President JD Vance said progress had been made in talks with Iran and that the Strait of Hormuz was open. Investors ??are grappling with expectations of an accelerated schedule of rate hikes by a more aggressive Federal Reserve under the leadership of new Chair Kevin Warsh. A key test for the market this week will be Thursdays release of Mays reading on the personal consumption expenditures price index, the Feds preferred inflation gauge. Even excluding volatile food and energy prices, core PCE is expected to increase from April, according to economists polled by FactSet. Fed funds futures are pricing an implied 54% probability of at least two 25-basis-point hikes before the ??end of the year, compared with a 15.2% chance a week ago, according to the CME Group's FedWatch tool. Overnight on Wall Street, the S&P 500 fell on Monday, weighed down by declines in technology stocks. Wall Street also assessed the latest developments in the Iran war negotiations and awaited the release of inflation data closely watched by the Federal Reserve. The broad market index fell 0.37% to 7,472.79, while the Nasdaq Composite declined 1.32% to end at 26,166.60. The Dow Jones Industrial Average added 148.01 points, or 0.29%. A key test for the market this week will be Thursdays release of Mays reading on the personal consumption expenditures price index, the Feds preferred inflation gauge. Even excluding volatile food and energy prices, core PCE is expected to increase from April, according to economists polled by FactSet. First Published: Jun 23 2026 | 11:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharti Airtel has raised its stake in Airtel Africa by 16.31 per cent to about 79 per cent through a share-swap agreement, which is estimated to be around ?28,200 crore, according to a company filing on Tuesday. Before the transaction, Bharti Airtel held 62.73 per cent in Airtel Africa. "The company completed the acquisition of 595,204,251 shares (around 16.3 per cent stake) of Airtel Africa, from ICIL on June 22, 2026. Consequently, the company's effective stake in Airtel Africa has increased to around 79 per cent," Bharti Airtel said in the filing. The transaction involves Bharti Airtel issuing equity shares to Indian Continent Investment Limited (ICIL), a promoter group entity, on a preferential basis, in exchange for its 16.31 per cent stake in Airtel Africa. The transaction, being a cashless share-swap, presents an opportunity to the company to acquire a large block and increase its economic interest in a high-growth asset without any incremental leverage or cash outflow, the statement said. In the last earnings of Bharti Airtel for the March 2026 quarter, Bharti Enterprises Founder and Chairman Sunil Bharti Mittal had outlined a plan to increase promoters shareholding in group companies. Mittal estimated that Airtel Africa in the next few years will become a $10 billion revenue company and a very strong subsidiary of Airtel India generating very handsome returns for the company. Airtel Africa, has posted over two-fold jump in profit to $813 million (about ?7,700 crore) for FY26, mainly driven by tariff adjustments in Nigeria and forex gains. The Africa business had reported a 29.5 per cent increase in revenue to $6.4 billion in FY26 from $4.9 billion in FY25. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 23 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 23 2026 | 11:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Interarch Building Solutions added 2.98% to Rs 1,946.90 after the company has secured a contract worth Rs 165 crore from a domestic customer to manufacturing steel building system. Under the terms of the contract, the company will receive a 10% advance against an advance bank guarantee (ABG). The project is scheduled to be completed within 15 months. Meanwhile, the company has secured new orders worth approximately Rs 375 crore during June 2026, reflecting increasing demand for its integrated steel construction solutions across India's expanding industrial landscape. The new orders include a major contract worth Rs 165 crore from the energy sector in Vadodara, along with multiple projects across the hydrocarbon, farm equipment, electrical products, renewable energy, and data centre industries. Interarch Building Solutions provides turnkey pre-engineered steel construction solutions in India. The company reported a 5.4% year-on-year decline in standalone net profit to Rs 36.60 crore, while revenue from operations rose 8.7% to Rs 503.62 crore in Q4 FY26 compared with Q4 FY25. First Published: Jun 23 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cohance Lifesciences Ltd recorded volume of 9.61 lakh shares by 10:46 IST on BSE, a 12.91 times surge over two-week average daily volume of 74436 shares Kirloskar Oil Engines Ltd, Hero MotoCorp Ltd, Physicswallah Ltd, Prestige Estates Projects Ltd are among the other stocks to see a surge in volumes on BSE today, 23 June 2026. Cohance Lifesciences Ltd recorded volume of 9.61 lakh shares by 10:46 IST on BSE, a 12.91 times surge over two-week average daily volume of 74436 shares. The stock gained 17.17% to Rs.476.00. Volumes stood at 13142 shares in the last session. Kirloskar Oil Engines Ltd clocked volume of 6.55 lakh shares by 10:46 IST on BSE, a 6.69 times surge over two-week average daily volume of 97963 shares. The stock gained 5.61% to Rs.2,525.00. Volumes stood at 3.29 lakh shares in the last session. Hero MotoCorp Ltd registered volume of 72816 shares by 10:46 IST on BSE, a 5 fold spurt over two-week average daily volume of 14575 shares. The stock slipped 0.22% to Rs.4,973.90. Volumes stood at 9178 shares in the last session. Physicswallah Ltd witnessed volume of 37.3 lakh shares by 10:46 IST on BSE, a 4.64 times surge over two-week average daily volume of 8.04 lakh shares. The stock increased 1.82% to Rs.128.40. Volumes stood at 27.35 lakh shares in the last session. Prestige Estates Projects Ltd registered volume of 1.59 lakh shares by 10:46 IST on BSE, a 3.56 fold spurt over two-week average daily volume of 44636 shares. The stock rose 3.58% to Rs.1,566.20. Volumes stood at 1.02 lakh shares in the last session. First Published: Jun 23 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US President Donald Trump said "respect" from Iran would be key to sustaining peace after the end of the Iran-Israel war, expressing optimism about fully reopening the Strait of Hormuz to create "an oil gusher". "As long as they respect us, I don't want to use the word fear because that's an inappropriate word, but as long as they respect us, we're not going to have any trouble," Trump told reporters at his Oval Office on Monday. Iran effectively closed the strait after the US and Israel attacked on Feb 28, causing fuel prices to skyrocket far beyond the region. The interim agreement to end the war was supposed to reopen the channel. Dozens of ships passed through it over the weekend, even though the main route is still mined and closed. The lead negotiator of the Iranian delegation, Iran's parliamentary speaker, Mohammad Bagher Ghalibaf, insisted on Monday that the Strait of Hormuz will be managed by Iran, but following international laws. "Hopefully we can activate the strait again, in terms of passage, and bring prosperity back to regional and global economy," he told Iranian state media on the plane on his way back from Switzerland. Ghalibaf and the Foreign Minister, Abbas Araghchi, arrived on Monday night in Oman where they met with the country's Foreign Minister Badr al Busaidi to discuss the peace efforts and ensure safe navigation in the Strait of Hormuz. The US Treasury issued a 60-day license on Monday waiving sanctions on Iranian oil as part of the interim agreement. Notably, the license allows Iranian oil to be imported into the US, which has not imported significant amounts of Iranian oil since the 1990s. Tanker traffic continued to pick up through the Strait of Hormuz. According to data and analytics firm Kpler, there were 71 confirmed transits over the weekend, with a peak of 35 crossings on Saturday. Before the war, 100 to 130 vessels passed through the strait each day. Ships have been avoiding the central route to steer clear of mines, choosing instead to use the smaller northern route, which goes through Iranian waters, and the southern route, which goes through Omani waters. In the markets, Brent crude oil fell 3.2 per cent to USD 77.52 per barrel, closer to its roughly USD 70 price from before the war. Benchmark US crude oil fell 2.6 per cent to USD 73.86 per barrel. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 23 2026 | 11:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Info Edge First Published: Jun 23 2026 | 11:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharat Electronics (BEL) announced that it has secured additional orders worth Rs 1,081 crore since its last disclosure on 25 May 2026. Bharat Electronics (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures electronic products and systems for the army, navy, and air force. The company reported a 4.61% jump in consolidated net profit to Rs 2,225.22 crore on an 11.74% rise in revenue from operations to Rs 10,224.43 crore in Q4 FY26 over Q4 FY25. Shares of Bharat Electronics shed 0.42% to Rs 429.65 on the BSE. First Published: Jun 23 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Birla Corporation added 1.12% to Rs 1018.35 after the company announced commencement of commercial production of coal at Bikram Coal Mine with effect from 22 June 2026. In April this year, the company had informed about the commencement of coal mining operations at Bikram Coal Mine located in Burhar, Shahdol, Madhya Pradesh. Birla Corporation is the flagship company of the MP Birla Group and operates in cement and jute businesses. Along with subsidiary RCCPL, the company operates 10 cement plants across eight locations in India with annual installed cement capacity of 21.4 million tonnes. The company's consolidated profit after tax stood at Rs 294.78 crore in Q4 FY26, up 14.87% from Rs 256.61 crore in Q4 FY25 and surged 458.72% from Rs 52.76 crore in Q3 FY26. Revenue from operations increased 0.75% YoY to Rs 2,836.12 crore in Q4 FY26 from Rs 2,814.91 crore in the corresponding quarter last year. First Published: Jun 23 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Government of India (GoI) has announced the sale (re-issue) of (i) 6.68% GS 2040 for a notified amount of ?17,000 crore and (ii) 7.43% GS 2076 for a notified amount of ?11,000 crore. The auction will be conducted using multiple price method. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (e-Kuber system) on June 25, 2026 (Thursday). GoI will have the option to retain additional subscription up to ?2,000 crore against each security. First Published: Jun 23 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In March, the RBI had recorded net sales of USD 9.758 billion in the spot currency market. On a gross basis, the central bank purchased USD 16.225 billion and sold USD 25.169 billion during April. The bulletin noted that the Indian rupee faced pressure in April and May due to prolonged geopolitical tensions and continued foreign portfolio investor outflows. However, the currency recovered in June 2026, supported by capital flow measures, easing geopolitical tensions and a decline in crude oil prices. According to the RBI, the rupee has appreciated by 0.2% against the US dollar during 2026-27 so far (up to June 19) compared with its level at the end of March 2026. First Published: Jun 23 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Emcure Pharmaceuticals jumped 5.10% to Rs 1,882.40 after a foreign brokerage reiterated its 'Buy' rating on the stock and raised its target price to Rs 2,100 from Rs 1,970. The brokerage remains optimistic on Emcure's growth prospects and expects the company to deliver low- to mid-teen revenue growth in FY27. It also forecasts EBITDA margin expansion of 75-100 basis points during the year. According to the brokerage, margin improvement is likely to be driven by higher productivity of the company's field force in India and new product launches across key international markets. The brokerage highlighted Emcure's focus on research and development-backed products as a key pillar of its long-term growth strategy. Reflecting its improved outlook, the brokerage raised its earnings per share (EPS) estimates by 1-5% and expects the company to deliver an EPS compound annual growth rate (CAGR) of around 20% over FY26-FY29. Pune-based Emcure Pharmaceuticals develops and manufactures a wide range of differentiated pharmaceutical products designed to improve patient health and well-being across several major therapeutic areas. Emcure is present in 70+ countries globally, including Europe and Canada. On a consolidated basis, Emcure Pharmaceuticals' net profit rose 28.81% to Rs 243.40 crore while net sales rose 16.70% to Rs 2469.70 crore in Q4 March 2026 over Q4 March 2025. First Published: Jun 23 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee fell 6 paise to 94.69 against the US dollar in early trade on Tuesday as the greenback strengthened further to hover around its 13-month high. FII outflows and a weaker start to the morning trade at the domestic equity markets put further pressure on the rupee while a decline in crude oil prices cushioned against a steeper decline, forex traders said. At the interbank foreign exchange, the rupee opened at 94.73 against the US dollar before rising to 94.69, down 6 paise from its previous close. The rupee depreciated 30 paise to close at 94.63 against the US dollar on Monday. "The rupee opened weaker against the US dollar, as mounting expectations of a Federal Reserve rate hike and broad-based dollar strength weighed on Asian currencies. The greenback hovered near a 13-month high, supported by optimism surrounding US-Iran peace negotiations and weakness in major currencies, particularly the British pound and Japanese yen," Pinky Yadav, Commodity Fundamental Analyst at Choice Broking, said. "While easing crude oil prices amid progress in US-Iran talks may offer some support to the rupee, the Fed's hawkish stance and higher inflation outlook are likely to keep gains limited. Meanwhile, India's infrastructure output growth slowed to 0.5 per cent in May, signaling a moderation in economic activity," Yadav said. "The rupee will remain in a range of 94.20 to 94.90 for the day with upticks to the dollar to be sold off," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 101.04, up 0.02 per cent, amid hawkish Fed and the fragile US-Iran trade deal. Brent crude, the global oil benchmark, was trading lower by 0.46 per cent at $77.54 per barrel in futures trade. On the domestic equity market front, Sensex declined 57.43 points to 77,061.94 in early trade while the Nifty was down 31.6 points to 24,071.30. Foreign institutional investors turned net sellers, offloading equities worth ?635.91 crore on a net basis on Monday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 23 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Diffusion Engineers rose 2.09% to Rs 384.30 after the company announced that it has secured a domestic order worth approximately Rs 7.49 crore for the supply of flux-cored wire to the defence industry. Diffusion Engineers is amongst leading manufacturers of welding consumables, wear plates, wear parts, and heavy engineering equipment for core industries in India, with nearly 40 years in the industry. The company reported a 22.8% rise in consolidated net profit to Rs 15.99 crore on a 38.1% increase in revenue to Rs 141.57 crore in Q4 FY26 as compared with Q4 FY25. First Published: Jun 23 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Syrma SGS Technology rallied 3.95% to Rs 1388.05 after the company entered into an agreement with Kaga Electronics India to develop EMS manufacturing facility in India through a joint venture (JV). The board of directors of the JV shall comprise of 4 directors, 2 directors nominated by the company and 2 directors nominated by Kaga. Further, the agreement provides for certain customary rights and restrictions for a joint venture. In the event of either party proposes to transfer its equity shares in JV , the other party will have the right of first refusal. Both Syrma and Kaga will have reserved matter rights in relation to certain identified decisions of the JVCo. The agreement further includes provisions for future funding requirements, including through rights issues, as well as fall-away rights. Syrma SGS Technology is an electronic systems design and manufacturing company. It has a pan-India manufacturing footprint with facilities in Chennai, Bangalore, Manesar, Gurgaon, Pune, Jodhpur and Baddi, along with R&D centres in Chennai, Pune, Gurgaon, and Stuttgart, Germany. The company offers a comprehensive range of services, including product design, assembly (PCBA & Box Build), quick prototyping, and tester development services, positioning us as a catalyst for growth in the industry. In addition to EMS, Syrma SGS also provides OEM solutions for RFID tags & inlays, high-frequency magnetic components, and electro-mechanicals. The companys consolidated net profit jumped 54.6% to Rs 101.19 crore on 58.5% increase in revenue from operations to Rs 1465.01 crore in Q4 FY26 over Q4 FY25. First Published: Jun 23 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
APAR Industries rose 1.21% after the company announced that its wholly owned subsidiary, APAR Industries Middle East Limited, KSA, has signed an agreement with Saudi Aramco Base Oil Company (Luberef). The agreement will enable APAR to produce its flagship transformer oils, along with a wide range of specialty oils. The company said the signing supports downstream growth and development within the LubeHub ecosystem. APAR Industries is a leading manufacturer of conductors, transformer and specialty oils, and power and telecom cables, with a strong global presence across more than 140 countries. The company operates manufacturing facilities in India and the UAE and caters to the power transmission, distribution, and telecom sectors. Over the years, APAR Industries has evolved from a power conductor manufacturer into a diversified electrical and energy solutions company with three key business segments: Conductors, Transformer and Specialty Oils (TSO), and Power/Telecom Cables. APAR Industries reported a 1.4% rise in consolidated net profit to Rs 253.44 crore on a 26.7% increase in revenue from operations to Rs 6,602.81 crore in Q4 FY26 over Q4 FY25. First Published: Jun 23 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 10:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vedanta tumbled 6.26% to Rs 286.55 after the stock witnessed heavy block deal activity in early trade on Tuesday. The proposed transaction is reported to include a 90-day lock-up period on Twin Star Holdings' remaining stake in the company. As of 31 March 2026, Twin Star Holdings held a 40.02% stake in Vedanta, while the overall promoter group owned 56.38% of the company. The transaction comes shortly after Vedanta completed a major corporate restructuring exercise involving the listing of its demerged aluminium, oil and gas, power, and iron and steel businesses. The demerger, one of the largest undertaken by an Indian corporate group, is aimed at creating independent sector-focused entities and unlocking shareholder value across the diversified natural resources conglomerate. Vedanta is India's leading diversified natural resources company. The company's consolidated net profit jumped 88.51% to Rs 9,352 crore on 47.48% increase in revenue from operations to Rs 24,609 crore in Q4 FY26 over Q4 FY25. First Published: Jun 23 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lemon Tree Hotels rose 1.01% to Rs 119.95 after the company announced the signing of an 85-room hotel in Janakpur, Nepal, strengthening its international presence in South Asia. The property, to be branded as Lemon Tree Hotel, Janakpur, will be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels. With this addition, the hospitality chain's international portfolio has expanded to 11 properties, including six operational hotels and five upcoming projects across Nepal, Bhutan and Dubai. In Nepal, the group's footprint has increased to eight properties, comprising three operational hotels and five in the pipeline, including the newly signed Janakpur property. The company also operates two hotels in Bhutan and one in Dubai. Janakpur, officially known as Janakpurdham, is one of South Asia's most significant religious destinations. Revered as the birthplace of Goddess Sita and the site of her marriage to Lord Ram, the city attracts millions of pilgrims and heritage tourists annually, particularly during festivals such as Vivah Panchami and Ram Navami. The upcoming hotel will feature 85 rooms along with a restaurant, banquet hall, meeting and conference facilities, bar lounge, swimming pool, spa and fitness centre. Vishvapreet Singh Cheema, President, Lemon Tree Hotels, said: "Janakpur is one of South Asias most revered destinations as it holds immense spiritual significance across the subcontinent, and its growing connectivity is driving a major surge in heritage travel. Signing Lemon Tree Hotel, Janakpur aligns strongly with our strategy of building quality hospitality infrastructure in culturally significant, high-potential markets. This addition expands our portfolio in Nepal to eight properties, allowing us to deliver our signature refreshing hospitality and further solidifying our position as a trusted brand in the region." Lemon Tree Hotels (LTHL) is one of the largest hotel chains in India and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale, and economy segments. The group offers seven brands to meet guests needs across all levels, viz., Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels, and Keys Lite by Lemon Tree Hotels. The company reported an 8.09% rise in consolidated net profit to Rs 91.49 crore in Q4 FY26, compared with Rs 84.64 crore posted in the corresponding quarter last year. Revenue from operations increased 10% year-on-year to Rs 416.40 crore during the quarter ended 31 March 2026. First Published: Jun 23 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 9:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 9:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IPO First Published: Jun 23 2026 | 9:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to Reserve Bank of Indias June bulletin, geopolitical tensions and trade disruptions persisted, despite the recent interim peace deal in West Asia. Amidst the challenging global environment, the Indian economy grew at 7.8 per cent in Q4:2025-26, supported by private consumption and fixed investment. High-frequency indicators during the first two months suggest sustained economic momentum in 2026-27. Despite a pick-up in May, CPI-inflation remained anchored. Indias external sector remained resilient, supported by FDI inflows and adequate foreign exchange reserves. First Published: Jun 23 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market mood check: Around 50% of Nifty 500 stocks on either side of 200-DMA suggesting an undecided market bias. First Published: Jun 23 2026 | 9:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 23 2026 | 9:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Data from the Index of Eight Core Industries showed that five of the eight sectors recorded contractions during the month. The crude oil sector contracted by 4.6% in May, worsening from a 3.9% decline in April and a 1.8% decline in May 2025. The natural gas sector also remained under pressure, shrinking by 4.9%, its weakest performance in the last three months. The fertiliser sector contracted for the third consecutive month, declining by 0.9% in May. However, this was an improvement compared with contractions of 8.6% in April and 24.6% in March. Among the eight core sectors, only steel, cement and electricity registered growth in May 2026. The electricity sector recorded the strongest growth, with expansion accelerating to 8.7%, helped by a low base as the sector had contracted by 4.7% in May last year. The steel sector continued to grow but at a slower pace, with growth easing to 5%, the lowest level in 13 months. Meanwhile, the cement sector saw growth improve slightly to 8.4% in May from 8.2% in April. Overall, the latest data indicate a broad slowdown in core sector activity, with growth supported mainly by electricity, cement and steel output. First Published: Jun 23 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Kaynes Technology India are banned from F&O trading on 23 June 2026. Initial Pubic Offer (IPO) Advit Jewels initial public offering (IPO) will offer 1.19 crore equity shares. The issue opened for subscription on 23 June 2026 and will close on 25 June 2026. The price band has been fixed at Rs 130 to Rs 138 per share. Waterways Leisure Tourisms IPO also opened for subscription on 23 June 2026 and will close on 25 June 2026. The company has fixed the price band at Rs 769 to Rs 808 per share, with a lot size of 18 shares. Stocks to Watch: Hindustan Zinc signed a memorandum of understanding (MoU) with Advantek Associates LLP and Aero Ragle Automobiles to explore the adoption of green hydrogen and alternative clean energy solutions across its operations. Through this MoU, Hindustan Zinc is set to pioneer the use of hydrogen fuel for underground mining applications, positioning it to become the only company to deploy this technology in such environments. GHV Projects secured a significant infrastructural sub-contract from GHV India to execute comprehensive engineering and composite works at a major railway coaching complex in West Bengal. Total contract valued at Rs 213 crore. JSW Infrastructures board authorized the opening of the QIP with a floor price of Rs 290.35 per share. The company and the promoter selling shareholder may at its discretion offer a discount of not more than 5% on the floor price. Lemon Tree Hotels signed a license agreement for Lemon Tree Hotel, Janakpur in Nepal. The property shall be managed by a wholly-owned subsidiary of the company, Carnation Hotels. Apar Industries subsidiary, APAR Industries Middle East signed an agreement with Saudi Aramco Base Oil Company (Luberef) to supply base oils within the lubeHub Value Park in Yanbu. Syrma SGS Technology has executed an agreement with Kaga Electronics India to establish, develop and operate a technologically advanced, state of the art EMS manufacturing facility together in India focusing on Japanese clients. First Published: Jun 23 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty June 2026 futures currently traded 98.50 points lower, suggesting a red opening for the benchmark index today. India's combined Index of Eight Core Industries (ICI) slowed to 0.5% year-on-year in May 2026, as against 1.8% in April, according to provisional data released by the government. The production of steel, cement and electricity recorded positive growth during the month compared with May 2025. The cumulative growth rate of the index during April-May 2026-27 stood at 1.1% (provisional) compared with the corresponding period of the previous year. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 635.91 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 1,035.72 crore in the Indian equity market on 22 June 2026, provisional data showed. The FIIs have sold shares worth Rs 43,680 crore so far in June (till 22 June 2026). This follows their cash sales of Rs 55,963.33 crore in May, Rs 70,135.46 crore in April and Rs 122,540.41 crore in March. Global Markets: Asian markets traded lower on Tuesday as investors grappled ?with rising expectations the Federal Reserve may take more aggressive action to tackle inflation later this year. Oil prices continued to edge lower as supply concerns eased after U.S. Vice President JD Vance said progress had been made in talks with Iran and that the Strait of Hormuz was open. Investors ??are grappling with expectations of an accelerated schedule of rate hikes by a more aggressive Federal Reserve under the leadership of new Chair Kevin Warsh. A key test for the market this week will be Thursdays release of Mays reading on the personal consumption expenditures price index, the Feds preferred inflation gauge. Even excluding volatile food and energy prices, core PCE is expected to increase from April, according to economists polled by FactSet. Fed funds futures are pricing an implied 54% probability of at least two 25-basis-point hikes before the ??end of the year, compared with a 15.2% chance a week ago, according to the CME Group's FedWatch tool. Overnight on Wall Street, the S&P 500 fell on Monday, weighed down by declines in technology stocks. Wall Street also assessed the latest developments in the Iran war negotiations and awaited the release of inflation data closely watched by the Federal Reserve. The broad market index fell 0.37% to 7,472.79, while the Nasdaq Composite declined 1.32% to end at 26,166.60. The Dow Jones Industrial Average added 148.01 points, or 0.29%. A key test for the market this week will be Thursdays release of Mays reading on the personal consumption expenditures price index, the Feds preferred inflation gauge. Even excluding volatile food and energy prices, core PCE is expected to increase from April, according to economists polled by FactSet. Domestic Market: Domestic equities advanced on Monday as cooling oil prices and fresh FII inflows fuelled risk appetite. Buying in heavyweight Reliance Industries and healthcare counters propelled the Nifty past the 24,100 level. The gains were partly offset by weakness in consumer durables and FMCG stocks. The S&P BSE Sensex gained 291.17 points or 0.38% to 77,094.07. The Nifty 50 index jumped 89.80 points or 0.37% to 24,102.90. First Published: Jun 23 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 18.07% to Rs 355.91 crore For the full year,net profit declined 19.79% to Rs 74.10 crore in the year ended March 2026 as against Rs 92.38 crore during the previous year ended March 2025. Sales rose 6.79% to Rs 1256.08 crore in the year ended March 2026 as against Rs 1176.21 crore during the previous year ended March 2025. First Published: Jun 23 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Jun 22 2026 | 9:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
New life cycle funds offer automatic asset allocation and rebalancing, helping investors pursue long-term goals without actively managing their portfolios. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Harsh Goyal, vice-president for Everyday Essentials at Amazon India This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 22 2026 | 8:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajaya Kumar Mohanty First Published: Jun 22 2026 | 8:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 22 2026 | 7:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 22 2026 | 7:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Calcutta Stock Exchange This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The RBI had net sold $53.13 billion in the spot foreign exchange market in financial year 2025-26, the highest net dollar sale by the central bank in a financial year. First Published: Jun 22 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lehar Footwears rose 2.89% to Rs 265 after the company announced that it had received an order worth Rs 39.70 crore for the supply of footwear. The company clarified that the contract does not fall under related-party transactions and that neither its promoters nor promoter group entities have any interest in the award. Lehar Footwears is the regional mass-footwear manufacturer of high-quality and stylish non-leather footwear since 1995. The company is selling its products under the Lehar brand through trade distribution channels, retail multi-brand outlets, export markets, government schemes and e-commerce marketplaces. On the financial front, the company reported a 17.86% decline in standalone net profit to Rs 4.14 crore for the quarter ended March 2026, compared with Rs 5.04 crore in the corresponding quarter of the previous year. Sales fell 16.62% year-on-year to Rs 91.26 crore from Rs 109.45 crore during the same period. First Published: Jun 22 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries rose 2.45% to Rs 1,341.60 after Jio Platforms filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for a public issue comprising a fresh issue of up to 27 crore equity shares. According to the DRHP, up to 50% of the issue size will be allocated to qualified institutional buyers, while at least 35% will be reserved for retail investors. The DRHP provides for separate reservation portions for eligible Reliance Industries shareholders and employees, although the size of these reservations has not yet been disclosed. The issue proceeds will be used primarily for the prepayment or repayment of certain borrowings of Reliance Jio Infocomm (RJIL), the company's material subsidiary, and for general corporate purposes. Jio Platforms plans to deploy up to Rs 27,500 crore from the net proceeds towards repayment or prepayment of RJIL borrowings. Jio Platforms reported revenue from operations of Rs 146,885.30 crore in FY26, up 14.6% from Rs 128,218.40 crore in FY25. EBITDA rose 18.8% to Rs 76,255.40 crore from Rs 64,170 crore, while EBITDA margin improved to 51.91% from 50.05%. Profit before tax increased 14.9% to Rs 40,353.10 crore in FY26 from Rs 35,127.30 crore in FY25. Profit after tax rose 15.1% to Rs 30,049.10 crore from Rs 26,109 crore a year earlier. Jio Platforms is the digital services arm of Reliance Industries and houses businesses across telecom, digital platforms and technology services. The company had a customer base of 524.4 million at the end of FY26, compared with 488.2 million a year earlier. Jio Platforms houses Reliance Industries' telecom, digital platform and technology businesses and is one of the country's largest digital services companies. Reliance Industries, India's largest private sector enterprise, has interests spanning oil and gas exploration, refining and petrochemicals, retail, digital services, advanced materials and renewable energy. On a consolidated basis, Reliance Industries reported an 8.9% decline in profit after tax, including share of profit or loss from associates and joint ventures, to Rs 20,589 crore in Q4 FY26. Profit before tax fell 6.6% year-on-year to Rs 27,195 crore. Gross revenue increased 12.9% to Rs 325,290 crore, driven by strong performance in the oil-to-chemicals, retail and digital services businesses, although lower gas production from the KG-D6 block weighed on the oil and gas segment. First Published: Jun 22 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Power Mech Projects rallied 3.29% to Rs 2,934.05 after the company announced that it had secured a contract worth Rs 1,008.90 crore from JSW Thermal Energy. The company clarified that the contract does not fall under related-party transactions and that neither its promoters nor promoter group entities have any interest in the award. Power Mech Projects is an engineering and construction company providing integrated services in erection, testing and commissioning (ETC) of boilers, turbines and generators; balance of plant (BOP); civil works; and operation and maintenance (O&M) services across power, infrastructure, and industrial sectors. The company reported a 21.6% increase in consolidated net profit to Rs 142.55 crore in Q4 FY26, compared with Rs 117.24 crore recorded in Q4 FY25. Revenue from operations jumped 13.89% YoY to Rs 2,110.73 crore for the quarter ended 31 March 2026. First Published: Jun 22 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Clean Science & Technology Ltd registered volume of 1.92 lakh shares by 10:46 IST on BSE, a 14.82 fold spurt over two-week average daily volume of 12966 shares Kirloskar Brothers Ltd, Piramal Finance Ltd, Kirloskar Oil Engines Ltd, Godrej Properties Ltd are among the other stocks to see a surge in volumes on BSE today, 22 June 2026. Clean Science & Technology Ltd registered volume of 1.92 lakh shares by 10:46 IST on BSE, a 14.82 fold spurt over two-week average daily volume of 12966 shares. The stock rose 6.90% to Rs.837.00. Volumes stood at 8082 shares in the last session. Kirloskar Brothers Ltd notched up volume of 1.34 lakh shares by 10:46 IST on BSE, a 9.14 fold spurt over two-week average daily volume of 14693 shares. The stock rose 7.92% to Rs.2,092.00. Volumes stood at 11035 shares in the last session. Piramal Finance Ltd clocked volume of 2.91 lakh shares by 10:46 IST on BSE, a 5.43 times surge over two-week average daily volume of 53629 shares. The stock lost 1.83% to Rs.2,113.95. Volumes stood at 2.4 lakh shares in the last session. Kirloskar Oil Engines Ltd saw volume of 2.69 lakh shares by 10:46 IST on BSE, a 4.3 fold spurt over two-week average daily volume of 62638 shares. The stock increased 20.00% to Rs.2,390.80. Volumes stood at 14351 shares in the last session. Godrej Properties Ltd notched up volume of 1.55 lakh shares by 10:46 IST on BSE, a 4.2 fold spurt over two-week average daily volume of 36975 shares. The stock rose 0.78% to Rs.1,808.40. Volumes stood at 18364 shares in the last session. First Published: Jun 22 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's overnight index swap (OIS) rates saw muted early-Monday interest as caution prevailed First Published: Jun 22 2026 | 11:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 22 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RIL stock outlook post AGM: Breakout above ?1,380 can signal trend reversal, says Ajit Mishra of Religare Broking. First Published: Jun 22 2026 | 11:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Voltas stock gained 5% after the company said it crossed 1 mn AC sales in record time. First Published: Jun 22 2026 | 11:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stanley Lifestyles rose 2.39% to Rs 149.75 after it has received an order from Infopark Developers, a Tata Realty company, for the supply of armchairs for an office area. The company said the order is domestic in nature. Neither the promoter, promoter group nor group companies have any interest in the awarding entity, and the transaction does not qualify as a related-party transaction. Stanley Lifestyles, promoted by Sunil Suresh and Subha Sunil, is a super-premium and luxury furniture brand in India offering complete home solutions, including installations. The company designs, manufactures and retails its furniture products under the Stanley brand. Its product portfolio includes sofas, cabinetry and furniture for living rooms, dining rooms, family rooms, kitchens, bedrooms (including bedding products), and home offices. The company reported consolidated net loss of Rs 0.6 crore in Q4 FY26 as against Rs 10.8 crore in Q4 FY25. Revenue from operations tanked 10.09% year on year (YoY) to Rs 101.4 crore in Q4 FY26. First Published: Jun 22 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Som Distilleries & Breweries declined 4.47% to Rs 71.99 after the Excise Department rejected the company's application for grant of the excise license for its Bhopal plant for FY27. The management is actively engaging with all stakeholders and evaluating appropriate measures to mitigate the impact of the order on business operations. The company said it is presently pursuing various legal remedies and is taking all necessary steps with a view to restoring the manufacturing license at the earliest. Som Distilleries and Breweries is primarily engaged in brewing, fermentation, bottling, canning and blending of beer and Indian Made Foreign Liquor (IMFL). It also supplies draught beer from its plants. The companys consolidated net loss of Rs 56.69 crore in Q4 FY26 compared with net profit of Rs 23.73 crore in Q4 FY25. Revenue from operations declined 46.7% YoY to Rs 180.81 crore in Q4 FY26. First Published: Jun 22 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Developments surrounding US-Iran negotiations, movement in crude oil prices and key global economic data are expected to steer gold and silver prices next week, analysts said. The focus will squarely be on talks scheduled in Burgenstock, Switzerland, where US Vice President J D Vance is expected to lead discussions with Iranian officials to build on last week's framework agreement aimed at ending hostilities and reviving nuclear negotiations. Analysts said the outcome of the talks could influence risk sentiment and energy markets, with implications for bullions. Domestic commodity markets will remain closed during the morning session on Friday on account of Muharram. "Gold and silver momentum looks sideways/corrective as focus will remain on the negotiation between Washington and Tehran and also on the flow of crude oil, LNG and raw materials from the Strait of Hormuz," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. The precious metals ended last week on a lower note amid a strong rupee and diminishing demand. On the Multi Commodity Exchange, gold futures declined Rs 3,325, or 2.2 per cent, to close at Rs 1.47 lakh per 10 grams. Silver slumped Rs 13,001, or 5.3 per cent, to settle at Rs 2.33 lakh per kilogram. "Gold remained under pressure throughout the week, ending nearly 2.2 per cent lower as the precious metals faced headwinds from a combination of falling energy prices, a stronger Indian rupee, and a hawkish policy stance from the US Federal Reserve," Jateen Trivedi, VP Research Analyst, Commodity and Currency, LKP Securities, said. A stronger rupee lowers the landed cost of imported gold, creating additional pressure on precious metals prices, he noted. Globally, Comex gold futures rose marginally to end the week at USD 4,245.9 per ounce, while silver fell 2.03 per cent at USD 66.32 per ounce in New York. Mer said precious metals continued with their corrective momentum with international gold and silver weighed down by a stronger US dollar, with the index closed around at 100.60. While concerns over the Russia-Ukraine conflict lent some support to bullion demand, however, investors remained more focused on developments in West Asia, he added. Meanwhile, Iran said it had closed the Strait of Hormuz following fresh Israeli strikes in Lebanon, though the US Central Command disputed the claim and said shipping through the strategic waterway continued uninterrupted. The US-Iran framework signed last week has set a 60-day deadline for negotiators to reach an agreement on the technical details, making the upcoming discussions a closely watched event for commodity markets. Apart from geopolitical developments, investors will track the People's Bank of China's policy decision on Monday, flash manufacturing and services PMI data from major economies, US housing numbers, Personal Consumption Expenditures (PCE) inflation data and consumer sentiment readings. Commentary from Federal Reserve officials will also be watched closely for clues on the future interest-rate path and its impact on bullion prices. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 21 2026 | 4:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company said over the past 12 months, it has significantly strengthened its electric commercial vehicle portfolio Commercial vehicle major Tata Motors on Sunday said it has secured orders for over 3,400 electric commercial vehicles (eCV) across freight, logistics and passenger mobility segments. The orders comprising around 2,000 small commercial vehicles and pick-ups, 900 trucks, and 500 buses, cut across a diverse range of applications from e-commerce, logistics, FMCG and FMCD distribution, and intra-city mobility to demanding sectors like cement, steel, mining, and tarmac operations, alongside inter- and intra-city passenger transport. This wide-ranging deployment reflects growing customer confidence in electric mobility solutions in real-world conditions and signals a decisive shift from pilot programmes to scaled, operational integration of EVs across use cases, Tata Motors said. The company said over the past 12 months, it has significantly strengthened its electric commercial vehicle portfolio, introducing a new generation of eCVs tailored to varied duty cycles and operating conditions. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 21 2026 | 4:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As part of the licence agreements, Jyothy Labs held the rights for manufacturing, distribution, marketing, and sale of products under the brands, Pril and Fa Home-grown FMCG firm Jyothy Labs, which is "cautiously optimistic" about growth in FY27, is expanding Exo into a broader dishwash franchise, as German consumer goods major Henkel AG & Co. KGaA exited its licensing arrangement for Pril and Fa brands in India. As part of the licence agreements, Jyothy Labs held the rights for manufacturing, distribution, marketing, and sale of products under the brands, Pril and Fa. Jyothy Labs will continue to focus on premiumisation, innovation, brand investments, and distribution expansion despite persistent inflationary pressures and geopolitical uncertainties, Chairperson and Managing Director M R Jyothy said in an address to shareholders in its latest annual report. Jyothy said Henkel has communicated its decision not to renew licence agreements related to the Pril and Fa brands beyond May 31, 2026. The company is building Exo into a broader dishwash franchise. "Exo has for many years been a trusted name in dishwash, with deep strength in the bar segment and an established presence in dishwash liquid. Building on this foundation, Exo will now be developed as an owned brand platform across formats," she said. The company said the newly launched Exo variants in dishwash bar and liquid formats are receiving encouraging consumer response and are expected to support volume-led sales growth, premiumisation, and market share gains. Jyothy Labs has major "power brands" such as Ujala, Exo, Maxo, Henko, and Margo. Looking ahead, Jyothy said the company remains "cautiously optimistic" on growth, although crude-linked input costs and geopolitical uncertainties could keep inflation elevated and impact consumer spending. "The external environment remains challenging and uncertain. Crude-linked input costs and geopolitical uncertainty may keep inflation elevated and affect overall consumer spending. Rural demand may also remain sensitive to farm incomes and monsoon outcomes," she said. However, the company will continue executing its growth strategy centred on scaling up recent product launches, strengthening premium offerings and driving volume-led growth through innovation and distribution expansion. Jyothy Labs reported a 3.5 per cent growth in revenue in FY26, while volumes rose 6 per cent despite a challenging macroeconomic environment marked by elevated input costs and uneven urban demand. The company also witnessed strong traction in e-commerce and quick commerce channels, which grew 26 per cent during the year. It added around one lakh retail outlets, taking its direct reach to more than 1.4 million outlets across India. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 21 2026 | 3:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, the BSE benchmark Sensex jumped 1,274.95 points, or 1.68 per cent. Movement in the stock market will hinge on the outcome of talks between the US and Iran, crude oil prices and trading activity of foreign investors in the holiday-shortened week ahead, analysts said. Technical-level talks will be held in Burgenstock, Switzerland, on Sunday between the US and Iran. US Vice President JD Vance was initially supposed to hold a first round of talks with senior Iranian officials on Friday at a mountainside resort in the tiny Swiss village of Obburgen, but his Iranian counterparts cancelled their plans to attend because of escalating fighting between Israel and Iranian-backed Hezbollah in Lebanon. Stock markets would remain closed on Friday for Muharram. "Investor attention in the week ahead is likely to remain firmly focused on developments surrounding the US-Iran peace process. Crude oil prices will remain a key variable, with continued stability supporting India's macroeconomic outlook, while any deterioration in Middle East relations could reignite volatility," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. Markets would also track the monsoon trajectory in the country, an analyst said. "Looking ahead, a wait-and-watch stance is likely to prevail even as the underlying bias turns incrementally positive. India appears to be gradually moving past two major headwinds, tariff-related uncertainty and geopolitical tensions, which should support valuation recovery after an extended period of consolidation...," Vinod Nair, Head of Research, Geojit Investments Limited, said. Indian equity markets extended their recovery during the week, supported by easing geopolitical concerns, softer crude oil prices, and improving global risk sentiment, according to an expert. Last week, the BSE benchmark Sensex jumped 1,274.95 points, or 1.68 per cent. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 21 2026 | 2:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The primary market is showing signs of revival as improving geopolitical conditions in West Asia have boosted investor sentiment, prompting three mainboard IPO launches next week and paving the way for more public issues in the pipeline. Cordelia Cruises operator Waterways Leisure Tourism, Jaipur-based jewellery manufacturer Advit Jewels, and IT solutions provider CSM Technologies will launch their maiden public issues over the next few days, while packaging solutions provider Knack Packaging is expected to announce its price band. Quick commerce unicorn Zepto is looking to raise over Rs 10,000 crore, and the country's largest fund house, SBI Mutual Fund, plans to launch its Rs 13,000-crore public issue next month, according to people familiar with the development. In June, CMR Green Technologies and Hexagon Nutrition have already launched their IPOs, while the public issue of insurtech unicorn Turtlemint Fintech Solutions is currently underway. Adding to the momentum, the National Stock Exchange of India (NSE) and Reliance Industries' digital and telecom arm Jio Platforms filed their draft papers with Sebi last week, paving the way for two mega listings. Waterways Leisure Tourism has fixed a price band of Rs 769-808 per share for its Rs 585-crore IPO, which will open on June 23 and close on June 25. The issue is entirely a fresh issue of shares with no offer-for-sale (OFS) component. The company plans to utilise the proceeds towards lease payments of its step-down subsidiary, Baycruise Shipping and Leasing (IFSC) Pvt Ltd and for general corporate purposes. Advit Jewels' Rs 165.16-crore IPO will also open on June 23 and conclude on June 25. The company has set a price band of Rs 130-138 per share for the issue, which comprises a fresh issue of 1.20 crore equity shares. Of the proceeds, Rs 65 crore will be used for repayment of borrowings, Rs 65 crore for working capital requirements, and the remaining amount for general corporate purposes. The company markets jewellery under the 'Rambhajo' brand and specialises in customised Polki and Kundan jewellery. CSM Technologies has fixed a price band of Rs 107-113 per share for its Rs 146-crore IPO, which will open for public subscription on June 24 and close on June 27. The issue is entirely a fresh issue of shares. The company intends to utilise the funds for working capital requirements, debt repayment, inorganic growth through acquisitions, and general corporate purposes. Meanwhile, Knack Packaging is preparing to enter the capital market and is expected to announce its IPO price band next week. The proposed public issue comprises a fresh issue of shares worth Rs 475 crore and an offer-for-sale of 70 lakh equity shares by promoters and an existing shareholder, according to the draft papers. The company plans to utilise about Rs 435 crore from the fresh issue proceeds to set up a new manufacturing facility at Borisana in Gujarat's Mehsana district, and the remaining amount will be used for general corporate purposes. According to a report by Equirus Capital, 23 companies have tapped the IPO route so far in 2026 to raise more than Rs 27,000 crore despite heightened market volatility and macroeconomic uncertainty. This follows a record 103 maiden public issues in 2025, which collectively mobilised Rs 1.76 lakh crore, surpassing the Rs 1.6 lakh crore raised by 90 companies in 2024 and Rs 49,436 crore garnered by 57 firms in 2023. The pipeline remains robust, with 236 mainboard IPO draft papers in the pipeline, including 163 with valid Sebi's observations and 73 awaiting regulatory observations as of May 2026, the report noted. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 21 2026 | 2:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 21 2026 | 2:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India and the 27-nation European Union will sign the free trade agreement by December and are likely to implement the pact during February- March next year, Commerce and Industry Minister Piyush Goyal said on Sunday. On January 27 this year, India and the EU announced the conclusion of negotiations for the 'mother of all deals'. "Now, with almost zero duty, almost the entire European market will be open for us. The EU's FTA (free trade agreement) will be signed by December and will be effective by February-March," Goyal said during an interaction with chartered accountants in Mumbai. He also said that his US Trade Representative, Jamieson Greer, is coming to India this week to hold trade pact talks with him. "The whole world is looking towards India," he added. Under the India-EU FTA, about 93 per cent of Indian shipments will enjoy duty-free access to the 27-nation bloc, while imports of luxury cars and wines from the EU will become less expensive. Taken together, India and the EU account for 25 per cent of the global GDP and one-third (about USD 11 trillion) of international trade (about USD 33 trillion). Later, he told reporters that during the G7 Summit in France, the Canadian Prime Minister expressed a desire to conclude the proposed free trade agreement with India this year. The two sides held the second round of negotiations for the Comprehensive Economic Partnership Agreement (CEPA) in May. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 21 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 21 2026 | 1:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On Friday, the banking regulator asked commercial banks to submit data on FCNR(B) deposits. First Published: Jun 21 2026 | 1:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The combined market valuation of nine of the top-10 most valued firms jumped by Rs 2.15 trillion last week, with Bharti Airtel emerging as the biggest winner, in line with improving global risk sentiment. Last week, the BSE benchmark Sensex jumped 1,274.95 points, or 1.68 per cent. "Indian equity markets extended their recovery during the week, supported by easing geopolitical concerns, softer crude oil prices, and improving global risk sentiment. Although negotiations remain ongoing and the agreement is yet to be fully implemented, the reduction in geopolitical uncertainty has significantly improved market sentiment," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. The market valuation of Bharti Airtel surged by Rs 52,432.67 crore to Rs 11,62,963.30 crore, the most among the top-10 firms. Life Insurance Corporation of India (LIC) added Rs 51,675.23 crore, taking its valuation to Rs 5,56,726.30 crore. The valuation of Bajaj Finance soared by Rs 26,553.71 crore to Rs 5,98,501.25 crore, and that of Reliance Industries jumped by Rs 22,464.02 crore to Rs 17,71,882.96 crore. The market capitalisation (mcap) of Larsen & Toubro climbed Rs 21,929.12 crore to Rs 5,79,126.95 crore, and that of State Bank of India rallied Rs 16,753.57 crore to Rs 9,55,415.07 crore. HDFC Bank's mcap edged higher by Rs 11,948.72 crore to Rs 12,01,263.14 crore, and that of Hindustan Unilever advanced by Rs 6,661.1 crore to Rs 5,15,946.75 crore. The valuation of ICICI Bank rose by Rs 4,724.22 crore to Rs 9,66,021.99 crore. However, the market value of TCS declined by Rs 12,699.49 crore to Rs 7,69,350.13 crore. Reliance Industries remained the most valued domestic firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 21 2026 | 1:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Domestic automakers are looking to tap opportunities in the electric car segment in the UK. Domestic automakers Maruti Suzuki, Mahindra & Mahindra and Tata Motors Passenger Vehicles are looking to tap opportunities in the electric car segment in the UK, as India's free trade pact with the country will allow duty-free exports for specified price segments under a quota system. As per the India-UK CETA document, released last week, India will get access to the UK's electric, hybrid/hydrogen passenger cars segment, with duty-free exports to that country from the sixth year in the price segment ranging from under GBP 20,000 to 80,000, with the total quota reaching a peak of 88,000 units from the 15th year and continuing in the subsequent years. The free trade agreement (FTA) between the two countries, which is expected to help double two-way commerce to $ 100 billion by 2030, will come into force on July 15. "The India-UK FTA is a positive development that could create new opportunities for India-manufactured electric vehicles," M&M Ltd President, Automotive Business, Velusamy R told PTI in response to a query. On M&M's plans to tap the EV segment in the UK, he said, "As we have indicated earlier, the UK is one of the right-hand-drive markets...(and) we will evaluate as part of a calibrated global expansion of our electric SUV portfolio. We will study the details of the agreement and the market opportunity, before taking an appropriate decision". Expressing similar optimism, Maruti Suzuki Senior Executive Officer, Corporate Affairs, Rahul Bharti said, "We believe India has the competitiveness to welcome liberalisation and use it for export opportunities, and we thank the government for this FTA with the UK". He further said, "We have already started exporting eVITARA to Europe, with about 36,000 units already exported within nine months of the launch, and the UK being the top market. Therefore, we believe this FTA will be positive for 'Make in India for the world'." Terming the India-UK FTA a positive step towards deepening bilateral trade and advancing sustainable mobility, a Tata Motors Passenger Vehicles spokesperson said, "The phased, quota-based framework creates a calibrated pathway by opening new export opportunities for Indian-made EVs in the UK while supporting long-term competitiveness of the domestic industry". Under the India-UK FTA, made-in-India electric/hybrid/hydrogen passenger cars will be permitted to enter the UK free of customs duty from the 6th year in different price brackets -- under GBP 20,000; 20,000 GBP to 40,000 GBP and above 40,000 GBP to 80,000 GBP -- at specified quotas for each segment. However, India made electric/hybrid/hydrogen passenger cars priced above 80,000 GBP are excluded from any duty concessions under the FTA. In the 6th year, 6,800 units each will be allowed in the 'under GBP 20,000' and '20,000 GBP to 40,000 GBP' segments, while the quota for the 'above 40,000 GBP to 80,000 GBP' price bracket is 4,000 units, totalling 17,600 units across the segments. The total quota will reach a peak of 88,000 units from the 15th year and will remain there in the subsequent years. In the 'under GBP 20,000' and '20,000 GBP to 40,000 GBP' segment, the quota in the 15th year and subsequent years will be 34,000 units each, while the same for the 'above 40,000 GBP to 80,000 GBP' category will be 20,000 units, as per the India-UK CETA document. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 21 2026 | 10:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pakistan Prime Minister Shehbaz Sharif and its Army Chief Asim Munir left for Switzerland early Sunday to participate in the technical-level talks between the US and Iran. As a follow-up to the signing of the Islamabad MoU, technical-level talks will be held in Burgenstock, Switzerland, on Sunday, according to the prime minister's office. "The prime minister, along with a high-level delegation, has departed from Islamabad for Switzerland," the PMO said in its statement issued after midnight. It added that Prime Minister Sharif and Field Marshal Munir will participate in these talks. Earlier, Pakistan had announced that the talks would be held in Switzerland after they were postponed on Friday. The talks are aimed at adding key details to the preliminary accord to halt the nearly four-month war between the US and Iran signed earlier this week by US President Donald Trump and Iranian President Masoud Pezeshkian. US Vice President J D Vance was initially supposed to hold a first round of talks with senior Iranian officials on Friday at a mountainside resort in the tiny Swiss village of Obburgen, but his Iranian counterparts cancelled their plans to attend because of escalating fighting between Israel and Iranian-backed Hezbollah in Lebanon. But negotiators for the US and Qatar, with help from Iran, worked out an agreement between Israel and Hezbollah to tamp down the active hostilities, according to US and regional officials who were not authorised to comment publicly and spoke on the condition of anonymity. Iran's state media later announced on Saturday that its top officials would travel to Switzerland. Vance left for Switzerland on Saturday evening, just as Iranian state TV posted a video showing Iran's negotiators arriving there. They are led by parliamentary Speaker Mohammad Bagher Qalibaf and include Foreign Minister Abbas Araghchi and central bank and oil officials, among others. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 21 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 20 2026 | 4:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Deep Industries has received a Letter of Award (LoA) from Oil and Natural Gas Corporation (ONGC) for charter hiring services for gas compression at the Lakhmani GGS-5 facility under ONGC's Assam Asset. Deep Industries is a one stop solution provider in the business of various oil and gas support services. On a consolidated basis, Deep Industries reported net loss of Rs 14.36 crore in Q4 March 2026 as against net loss of Rs 209.17 crore in Q4 March 2025. Net sales rose 48.72% YoY to Rs 248.71 crore in Q4 March 2026. On the NSE, Deep Industries shed 1.07% to settle at Rs 487 on Friday. First Published: Jun 20 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The decision was taken at the regulator's board meeting held on 19 June 2026. As part of the reforms, SEBI has introduced a new Quick Transmission Processing (QTP) category for small-value claims. The facility will apply to claims of up to Rs 10,000 for physical holdings and up to Rs 30,000 for dematerialised holdings, enabling such cases to be processed with minimal documentation. The regulator has also doubled the limits for simplified documentation. For physical holdings, the threshold has been increased to Rs 10 lakh per listed company from Rs 5 lakh earlier. For dematerialised holdings, the limit has been raised to Rs 30 lakh per beneficial owner from Rs 15 lakh. SEBI has introduced several measures to simplify documentation requirements. The submission of PAN has been removed from the transmission process, as PAN details are already available while opening demat accounts. The regulator has also dispensed with the mandatory requirement of probate of will in line with recent amendments to succession laws. In addition, claimants will now be allowed to submit a combined affidavit-cum-no objection certificate (NOC) instead of separate documents. To simplify verification, SEBI has permitted the use of death certificates carrying QR codes alongside original or attested copies of death certificates. For death certificates issued in foreign jurisdictions, the regulator has specified additional verification mechanisms through overseas branches of Indian banks and foreign banks having correspondent banking relationships with Indian banks. SEBI said the revised framework is expected to facilitate faster transmission of securities, reduce costs and ease procedural burdens for claimants. The regulator added that the proposals were finalised after consultations with the Industry Standards Forum for Registrars to an Issue and Share Transfer Agents, the Association of Mutual Funds in India and other stakeholders. First Published: Jun 20 2026 | 3:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The decision was taken through amendments to the SEBI (Alternative Investment Funds) Regulations, 2012 at the regulator's board meeting held on 19 June 2026. SEBI said the move is aimed at reducing launch timelines and enabling faster deployment of capital by AIFs. The initiative builds on the regulator's earlier measures announced on 30 April 2026 to streamline scheme launches. The regulator said the move will allow regular AIF schemes to reach the market faster than under the earlier framework. Such schemes will now be permitted to launch immediately upon obtaining SEBI registration or filing the PPM with the regulator. SEBI said the framework is intended to improve ease of doing business, enhance efficiency in capital deployment and reduce time-to-market for AIF products. The proposals were discussed by the Alternative Investment Policy Advisory Committee (AIPAC) and were finalised after a public consultation process. First Published: Jun 20 2026 | 3:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The decision was approved at the regulator's board meeting held on 19 June 2026. Under the revised framework, mutual funds will be permitted to use intraday borrowings to bridge funding gaps arising from differences in settlement timings. These include pay-in and pay-out mismatches across asset classes, foreign exchange settlements and mark-to-market (MTM) payments on derivative positions. SEBI said the facility will be in addition to the existing provision that allows mutual fund schemes to borrow up to 20% of their net assets to meet unitholder payouts such as redemptions. The regulator said intraday borrowings will be capped at the value of receivables expected during the day. Borrowings above this limit will be permitted only for meeting unitholder payout obligations as specified under the regulations. Asset management companies (AMCs) will be required to ensure that all intraday borrowings are repaid by the end of the day. Any borrowing that rolls over into an overnight position must remain within the existing regulatory limits and be used only for purposes permitted under the regulations. SEBI clarified that intraday borrowings cannot be used as a source of leverage. Mutual funds will also be required to maintain adequate documentation and adopt a policy governing the use of the facility, subject to approval by the AMC board and trustees. The regulator said the proposal was finalised after public consultation in May 2026 and discussions with the Mutual Fund Advisory Committee (MFAC), industry associations and other stakeholders. First Published: Jun 20 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 20 2026 | 3:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The decision was taken at the regulator's board meeting held on 19 June 2026. SEBI said the move follows changes in the taxation framework and feedback received from stakeholders. The amendments are aimed at providing greater flexibility in undertaking buybacks, reducing procedural complexity and strengthening investor protection. Under the revised framework, companies will be able to undertake buybacks through the stock exchange route in addition to the existing tender offer and open market book-building routes. The regulator said companies undertaking buybacks through stock exchanges will be required to complete the process within 66 working days from the opening of the buyback. At least 40% of the earmarked funds must be utilised during the first half of the buyback period. SEBI has also mandated electronic dissemination of information relating to open market buybacks to shareholders, in addition to newspaper advertisements. The regulator said open market buybacks through stock exchanges will be treated as normal trading transactions. Consequently, the requirement for a separate trading window and disclosure of the company's identity as the purchaser on the trading screen has been removed. To prevent inadvertent dealings during the buyback period, shares and other specified securities held by promoters and their associates will remain frozen at the ISIN level throughout the buyback period. The amended framework also requires buybacks to comply with minimum public shareholding norms. Further, the interval between two buybacks has been aligned with the provisions of the Companies Act, 2013. In a move aimed at reducing compliance costs and improving ease of doing business, SEBI has made the appointment of a merchant banker optional for companies undertaking buybacks. Where a merchant banker is not appointed, the related responsibilities will be handled by the company, compliance officer, statutory auditor, secretarial auditor and stock exchanges. SEBI said the amendments are intended to streamline the buyback framework, improve operational efficiency and facilitate ease of doing business while strengthening investor protection. First Published: Jun 20 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Garden Reach Shipbuilders & Engineers (GRSE) has been granted Navratna status by the Department of Public Enterprises (DPE) under the Ministry of Finance. Navratna status provides greater financial and operational autonomy to public sector enterprises, enabling them to undertake larger investments and expansion projects without requiring extensive government approvals. GRSE said it delivered eight warships during FY26, including three vessels on a single day - 30 March 2026. These included the Project 17A guided-missile frigate Dunagiri, survey vessel Sanshodhak and anti-submarine warfare shallow water craft Agray. The elevation to Navratna status comes as the Kolkata-based shipbuilder pursues capacity expansion through both brownfield and greenfield projects. Commenting on the development, chairman and managing director Commodore P.R. Hari (Retd.) said the recognition would strengthen its ability to pursue strategic opportunities, enhance self-reliance in defence manufacturing and improve global competitiveness. GRSE traces its origins to 1884 and was taken over by the Government of India in 1960. The company delivered India's first indigenous warship, INS Ajay, in 1961 and has since built more than 800 marine platforms, including 118 warships for the Indian Navy, Coast Guard and friendly foreign nations. The company is also expanding its commercial shipbuilding business. It is currently constructing 12 multi-purpose vessels for a German client and has ventured into green and autonomous vessel development. GRSE said it is the only Indian shipyard specialising in research vessels. The companys standalone net profit surged 24.1% to Rs 303.20 crore in Q4 FY26, compared with Rs 244.25 crore in Q4 FY25. Revenue from operations jumped 29.1% YoY to Rs 2,119.21 crore during the quarter ended 31 March 2026. On the NSE, the scrip shed 0.93% to settle at Rs 2,799 on Friday. First Published: Jun 20 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rail Vikas Nigam (RVNL) said that it has secured a Rs 2,977 crore contract from NMDC for developing infrastructure facilities at Vizag, Andhra Pradesh. The contract involves setting up buffer stockpiles and a blending yard with a handling capacity of 10 million tonnes per annum (MTPA) at Visakhapatnam. The project is to be executed over a period of 42 months. The order has been awarded by NMDC, a domestic entity, and is valued at Rs 2,977 crore. RVNL clarified that neither its promoter nor promoter group companies have any interest in the awarding entity. The company also stated that the contract does not fall under related-party transactions. RVNL, a Government of India enterprise, is engaged in implementing rail infrastructure projects across the country. As of March 2026, the Government of India held a 72.84% stake in the company. Rail Vikas Nigam (RVNL) declined 3.47% to Rs 263.10 after the companys consolidated net profit fell 58.92% to Rs 187.07 crore on a 4.18% increase in revenue from operations to Rs 6,695.91 crore in Q4 FY26 over Q4 FY25. The counter fell 1.43% to end at Rs 244.10 on the BSE. NMDC is engaged in the exploration and production of iron ore along with diamond production and the sale of sponge iron and the generation and sale of wind power. The company reported 35.03% jump in standalone net profit to Rs 2,020.13 crore on 60.69% jump in revenue from operations to Rs 11,173.14 crore in Q4 FY26 over Q4 FY25. The scrip shed 0.07% to Rs 88.43 on the BSE. First Published: Jun 20 2026 | 2:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Guaranteed Returns vs Growth Investments: The real-life situation most readers face is a conflict between short-term anxiety and long-term needs. (Illustration: Binay Sinha) First Published: Jun 20 2026 | 2:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Flipkart Group has widened its lead in India's e-commerce market and strengthened its dominance in online fashion through Myntra, according to a Bank of America Securities report that points to resilient consumer demand despite intense competition across the internet sector. The brokerage, citing Sensor Tower daily active user (DAU) data and industry checks, said Flipkart remained the leading e-commerce platform by user engagement as of June 2026, while Myntra continued to pull ahead of rivals in fashion. The findings suggest that competitive pressures in India's online retail market have yet to dent Flipkart's market position, even as rivals continue to invest heavily to gain share. BofA said Myntra's leadership in fashion appears to be deepening, aided by relatively limited competition in premium fashion and beauty categories. The brokerage noted that several competitors had sought to position themselves as credible challengers, but user engagement trends indicate Myntra continues to consolidate its advantage. The report comes amid signs of improving consumer sentiment following a decline in global commodity prices after the US-Iran peace agreement. BofA economists see easing inflationary pressures and improving macroeconomic conditions supporting consumption growth in the near term. Shipment trends at third-party logistics providers, widely regarded as a real-time indicator of e-commerce activity, also point to sustained demand, the brokerage said. "Till date, 3PLs have not seen any impact," the report said, referring to concerns that weaker discretionary spending could slow online retail growth. BofA added that valuations across India's internet sector have corrected in recent months on fears of slowing growth and artificial-intelligence-led disruption, but said business performance has remained resilient. The brokerage expects internet companies to be among the early beneficiaries of AI adoption, with gains likely to come through improved customer personalisation, engagement and cost optimisation rather than meaningful revenue uplift in the near term. With consumer demand holding up and logistics volumes remaining robust, Flipkart Group appears well-positioned to capture any acceleration in spending as macroeconomic conditions improve, the report said. BofA said India's internet sector is showing few signs of a consumer spending slowdown, with online travel, quick commerce and logistics businesses continuing to post resilient growth despite recent inflationary pressures. The brokerage turned more constructive on the online travel segment after easing geopolitical tensions in West Asia and lower energy prices improved the macroeconomic outlook, while maintaining a positive view on quick commerce, third-party logistics and fintech platforms. "We are now more optimistic on the online travel sector as we see tailwinds, especially as domestic air capacity is added," the report said, reiterating "Buy" ratings on MakeMyTrip, Eternal, Swiggy, Delhivery and Paytm. Industry and retail checks showed no visible slowdown in value-commerce spending or e-commerce parcel shipments, challenging investor concerns that softer discretionary consumption could weigh on growth. For online travel platform MakeMyTrip, demand for eastbound international travel, hotels and ground transportation remained strong, although westbound travel and domestic air traffic were softer due to geopolitical disruptions and elevated airfares. Quick-commerce demand also remained robust, with competition helping sustain order growth. BofA expects Eternal's quick-commerce business to deliver net order value growth of 16-17 per cent quarter-on-quarter, driven by dark-store expansion, while Swiggy's growth could moderate as the company prioritises contribution-margin break-even. In value commerce, the brokerage said checks indicated no slowdown in shipment volumes for Meesho, while logistics operators have not yet seen any impact on parcel demand from either value-commerce or broader e-commerce channels. "Tech-logistics companies till date have not seen any impact from the slowdown in shipments led by either value commerce or e-commerce," the report said. Delhivery's express parcel business continues to benefit from increased outsourcing by Meesho, while its partial-truckload freight business is expected to maintain growth of more than 20 per cent year-on-year in the near term, BofA said. The brokerage also pointed out that growth momentum remains strong for fintech firms such as Paytm and PB Fintech, despite investor concerns over a potential review of insurance distribution commissions by the Insurance Regulatory and Development Authority of India (Irdai). Meanwhile, hiring trends have remained largely stable for recruitment platform Naukri, while competition has intensified in the emerging instant home-services market following recent funding rounds by rival platforms. Bofa said valuations across India's listed internet sector had corrected over the past six months amid concerns over slowing growth and artificial intelligence-related disruption. However, it sees scope for a re-rating as growth remains steady and companies increasingly deploy AI to improve customer engagement and reduce costs. "We find most listed Indian internet companies to be early beneficiaries in terms of leveraging AI to personalise user experience and optimise costs," the report said. While AI is unlikely to materially boost revenue over the next 12 to 18 months, it could support margin expansion across internet businesses, the brokerage added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 20 2026 | 12:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With estimated gross development value of Rs 5,600 cr Mahindra Lifespace Developersannounced the acquisition of a 15-acre land parcel in Kandivali East, Mumbai. The project has an estimated Gross Development Value (GDV) of approximately Rs 5,600 crore with a development potential of around 1.8 million square feet. Strategically located in Kandivali East, the open greenfield land parcel benefits from excellent connectivity to the Western Express Highway and existing metro corridors. The location is supported by established social infrastructure, including schools, hospitals, and retail hubs, and continues to witness strong residential absorption driven by end-user demand. First Published: Jun 20 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 20 2026 | 12:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sumeet Industries has announced a rights issue for its eligible shareholders aimed at enhancing financial flexibility and supporting the Company's strategic business priorities. The board of Sumeet Industries has approved the terms of a rights issue aggregating to Rs 199.75 crore through the issuance of Rs 16.84 crore fully paid-up equity shares. The company proposes to deploy Rs 49 crore from the rights issue proceeds towards the acquisition and operationalisation of additional 140,000 Ton Per Annum Polyester Chips (CP) plant acquired from Nakoda in Surat, Gujarat. The project involves a total capital outlay of Rs 90 crore; with the balance Rs 41 crore being funded through internal accruals. Expected to be recommissioned in Q1 FY27 28, the facility will strengthen backward integration and support the company's downstream polyester manufacturing operations. First Published: Jun 20 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dhruva Capital Services announced the official launch of its digital lending platform, NeoMoney, on the Google Play Store. NeoMoney is a technology-enabled digital lending application developed to provide eligible customers with a seamless, secure and fully digital borrowing experience. The platform facilitates end-to-end digital loan processing, including customer onboarding, verification, loan application, approval, disbursement and repayment management through a user-friendly interface. The successful publication of NeoMoney on the Google Play Store represents a significant milestone in the Company's ongoing digital transformation journey and its commitment towards enhancing financial inclusion through technology-driven financial services. The application has successfully completed Google's review and compliance requirements and is now available for download by the public. First Published: Jun 20 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For supply of gas turbine generators to Indian Navy Rated at 1.25 MW, the new GTGs will replace the lower capacity units currently in service onboard. Awarded under the Buy (Indian) category of the Defence Acquisition Procedure 2020 (DAP-2020), the contract marks BFL's entry into the marine gas turbine (GT) business and will deliver the first indigenous GT-based power plant to operate aboard Indian Naval ships. First Published: Jun 20 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GE Power India announced a series of senior leadership changes, including the appointment of Rahul Rojal as Chief Financial Officer (CFO), as the company strengthens its management team amid ongoing business and project execution initiatives. The board approved the appointment of Rahul Rojal as CFO and Key Managerial Personnel with effect from 19 June 2026, based on the recommendations of the Audit Committee and Nomination & Remuneration Committee. Rojal, a Chartered Accountant with over 16 years of experience, currently serves as Senior Financial Reporting Manager and Chief Risk Officer at GE Power India. He has extensive expertise in financial reporting, statutory controllership, enterprise risk management, investor relations, SEBI compliance and strategic transactions. Prior to joining GE Power India, he worked with DCM Shriram and PricewaterhouseCoopers. In a separate move, the company appointed Vipul Sharma as Company Secretary and Compliance Officer with effect from June 19, 2026. Sharma has more than 15 years of experience across corporate governance, legal and compliance functions and was previously associated with Aye Finance as Chief Compliance Officer and Company Secretary, where he played a key role in the company's IPO process. The board also approved the appointment of Shrikar Thakur as Additional Director and Whole-time Director for a three-year term beginning July 1, 2026, subject to allotment of a Director Identification Number (DIN) and shareholder approval. Thakur currently serves as India New Build Leader and has over 17 years of experience across the power, infrastructure and EPC sectors, including leadership roles in India, France and the United States. Additionally, the company approved the re-appointment of independent director Shukla Wassan for a second term of five years from November 29, 2026, to November 28, 2031, subject to shareholder approval. Wassan is a fellow member of the Institute of Company Secretaries of India and the Chartered Institute of Arbitrators, UK. She has served on multiple boards across India, Nepal, Bangladesh and Sri Lanka and is currently an independent director at Kwality Wall's India Ltd and India Glycols Ltd. The appointments form part of GE Power India's ongoing leadership succession and governance framework strengthening efforts. GE Power India provides engineering, procurement and servicing solutions for the power generation industry and operates across thermal power equipment and services businesses. The companys consolidated profit after tax stood at Rs 113.21 crore in Q4 FY26, down 31.07% from Rs 164.24 crore in Q4 FY25 but rose 56.54% from Rs 72.32 crore in Q3 FY26. Revenue from operations increased 18.78% YoY to Rs 316.40 crore in Q4 FY26 from Rs 266.38 crore in the corresponding quarter last year. However, revenue declined 17.95% sequentially from Rs 385.62 crore in Q3 FY26. The stock was locked in the 5% upper circuit at Rs 1,055.25 on the BSE on 19 June 2026. First Published: Jun 20 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GE Power India announced a series of senior leadership changes, including the appointment of Rahul Rojal as Chief Financial Officer (CFO), as the company strengthens its management team amid ongoing business and project execution initiatives. The board approved the appointment of Rahul Rojal as CFO and Key Managerial Personnel with effect from 19 June 2026, based on the recommendations of the Audit Committee and Nomination & Remuneration Committee. Rojal, a Chartered Accountant with over 16 years of experience, currently serves as Senior Financial Reporting Manager and Chief Risk Officer at GE Power India. He has extensive expertise in financial reporting, statutory controllership, enterprise risk management, investor relations, SEBI compliance and strategic transactions. Prior to joining GE Power India, he worked with DCM Shriram and PricewaterhouseCoopers. In a separate move, the company appointed Vipul Sharma as Company Secretary and Compliance Officer with effect from June 19, 2026. Sharma has more than 15 years of experience across corporate governance, legal and compliance functions and was previously associated with Aye Finance as Chief Compliance Officer and Company Secretary, where he played a key role in the company's IPO process. The board also approved the appointment of Shrikar Thakur as Additional Director and Whole-time Director for a three-year term beginning July 1, 2026, subject to allotment of a Director Identification Number (DIN) and shareholder approval. Thakur currently serves as India New Build Leader and has over 17 years of experience across the power, infrastructure and EPC sectors, including leadership roles in India, France and the United States. Additionally, the company approved the re-appointment of independent director Shukla Wassan for a second term of five years from November 29, 2026, to November 28, 2031, subject to shareholder approval. Wassan is a fellow member of the Institute of Company Secretaries of India and the Chartered Institute of Arbitrators, UK. She has served on multiple boards across India, Nepal, Bangladesh and Sri Lanka and is currently an independent director at Kwality Wall's India Ltd and India Glycols Ltd. The appointments form part of GE Power India's ongoing leadership succession and governance framework strengthening efforts. GE Power India provides engineering, procurement and servicing solutions for the power generation industry and operates across thermal power equipment and services businesses. The companys consolidated profit after tax stood at Rs 113.21 crore in Q4 FY26, down 31.07% from Rs 164.24 crore in Q4 FY25 but rose 56.54% from Rs 72.32 crore in Q3 FY26. Revenue from operations increased 18.78% YoY to Rs 316.40 crore in Q4 FY26 from Rs 266.38 crore in the corresponding quarter last year. However, revenue declined 17.95% sequentially from Rs 385.62 crore in Q3 FY26. The stock was locked in the 5% upper circuit at Rs 1,055.25 on the BSE on 19 June 2026. First Published: Jun 20 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Prior to this investment, Himadri had invested an aggregate of USD 5.43 million in IBC and held a 17.29% stake on a fully diluted basis. With the latest investment, Himadri's aggregated stake has increased to 20.47% on a fully diluted basis, comprising both common and preferred stock. The increased investment reflects the meaningful progress achieved through the partnership over the past year and Himadri's continued confidence in IBC's technology platform, commercialization roadmap, and long-term growth potential. This partnership marks a significant milestone for Himadri, supporting the commercial deployment of its Lithium Iron Phosphate (LFP) Cathode Active Materials and advanced Anode Materials. Through this alliance, Himadri gains strategic access to IBC's advanced battery technology capabilities, its R&D centre in California, manufacturing facility in South Korea, and the upcoming Gigafactory in Bengaluru, India. First Published: Jun 20 2026 | 11:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stanley Lifestyles has received an order from Infopark Developers, a Tata Realty company, for the supply of armchairs for an office area. The company said the order is domestic in nature. Neither the promoter, promoter group nor group companies have any interest in the awarding entity, and the transaction does not qualify as a related-party transaction. Stanley Lifestyles, promoted by Sunil Suresh and Subha Sunil, is a super-premium and luxury furniture brand in India offering complete home solutions, including installations. The company designs, manufactures and retails its furniture products under the Stanley brand. Its product portfolio includes sofas, cabinetry and furniture for living rooms, dining rooms, family rooms, kitchens, bedrooms (including bedding products), and home offices. The company reported consolidated net loss of Rs 0.6 crore in Q4 FY26 as against Rs 10.8 crore in Q4 FY25. Revenue from operations tanked 10.09% year on year (YoY) to Rs 101.4 crore in Q4 FY26. The counter fell 3.50% to settle at Rs 146.25 on Friday, 19 June 2026. First Published: Jun 20 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Goodluck India announced that its subsidiary, Goodluck Defence and Aerospace, has secured an order worth approximately Rs 255 crore for the supply of 155 mm long-range empty shells in ready-to-fill condition. The company said that neither its promoter, promoter group nor group companies have any interest in the entity awarding the order. The contract does not fall under related-party transactions. Goodluck India is an engineering conglomerate engaged in the business of manufacturing and selling engineering products such as sheets, pipes, engineering structures, fabricated structures, forgings, and automobile tubes. The company's consolidated net profit rose 30.1% to Rs 54.55 crore on a 1.3% decrease in revenue to Rs 1,078.41 crore in Q4 FY26 as compared with Q4 FY25. The counter rose 4.56% to settle at Rs 1,419.60 on Friday, 19 June 2026. First Published: Jun 20 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 19 2026 | 7:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 19 June 2026 First Published: Jun 19 2026 | 7:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 19 2026 | 7:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign currency assets (FCAs), the largest component of the country's foreign exchange reserves, increased by $846 million during the same period to $544.3 billion First Published: Jun 19 2026 | 7:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 19 2026 | 7:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reserve Bank of India (RBI) announced minutes of its latest Monetary Policy Committee (MPC) meeting today. MPC member Dr. Nagesh Kumar stated that in the highly uncertain current economic environment, however, prudence requires waiting for greater clarity to emerge on the impact before any monetary policy response. One needs to keep an eye on the evolving geopolitical situation in West Asia and its implications for the Indian macroeconomic outlook, especially the growth-inflation dynamics. Saugata Bhattacharya noted that the MPC forecasts on growth and inflation point to a need for caution in changing the policy rate, in terms of the risks of either metric, despite the quantitative forecasts having only limited traction, given the prevailing uncertainty. The challenge remains to determine the extent of the shocks being transitory versus persistently percolating through the economy, and the time expected for both inflation and growth to revert to their targets and aspirations, respectively, has further increased. Ram Singh stated that while the economy has withstood the conflict spillovers with limited impact so far, the strains are increasingly becoming visible. The El Nino weather phenomenon can significantly impact agricultural growth and rural demand. In such an environment, the MP should not dampen the modest but encouraging signs of a pick-up in private investment. We must design policy carefully to support growth without risking the unanchoring of inflation expectations. Indranil Bhattacharyya highlighted that while demand-pull inflation may call for pre-emptive action to effectively anchor inflation expectations, cost-push inflation induced by supply shocks warrants greater caution - gradualism - in policy making. In view of these factors, is prudent to wait for greater clarity to emerge from the data before deciding on any policy action. Poonam Gupta noted that MPC ought to wait a bit more for global as well as weather related uncertainties to play out over the coming months, before taking a call on whether and when to reverse the policy cycle. RBI Governor Sanjay Malhotra noted that India's economic situation is quite strong and healthy vis-?-vis many of our peers. We are one of the fastest growing major economies and our inflation has been benign in the past year. However, he highlighted the need to be watchful of the inflation trajectory. Going forward, revision in retail prices of petrol and diesel in May would lead to higher fuel inflation in the coming months. WPI for April is elevated and cost pressures from higher energy and other input prices could also feed into core inflation. Therefore, we would continue to be data dependent and remain vigilant about inflation getting generalized, which can unhinge inflation expectations First Published: Jun 19 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As the domestic segment accounts for 87 per cent of total LPG consumption, the calibrated increase in retail prices helped moderate cooking fuel inflation for households but sharply widened underrecoveries for OMCs First Published: Jun 19 2026 | 6:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In the previous reporting week, the overall reserves had dropped $711 million to $681.610 billion First Published: Jun 19 2026 | 6:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's beauty and personal care (BPC) products market is projected to reach USD 39 billion by 2030, driven by a fundamental shift in consumer behaviour, according to a report by e-commerce major Flipkart. Once an aspirational segment, beauty is increasingly being viewed as a daily essential for self-care and identity rather than an occasional indulgence, the report said. According to the 'Flipkart GlamUp Annual Beauty Trends Report 2026', the Indian beauty market, currently valued at approximately USD 27 billion, is identified by industry experts as one of the most attractive growth markets globally. "India's beauty market is at an inflexion point. What was once an aspirational category has become a daily expression of self-care, confidence, and identity. The opportunity is significant. India's beauty market is valued at USD 27 billion today and is expected to reach USD 39 billion by 2030, making it one of the world's most attractive growth markets," Priyanka Bhargav, Senior Director of Brand Strategy & Insights at Flipkart, said. The leading e-commerce platform noted that consumers purchase 12 beauty products every second on its website. During the first quarter of the financial year 2025-26, the platform's BPC business recorded a 1.5x year-on-year growth in Gross Merchandise Value (GMV), while both orders and units in the category grew by 1.6x. A significant portion of this growth was attributed to Gen Z consumers, who now account for more than half of BPC buyers on the platform. The report further highlights the democratisation of beauty across the country, noting that two out of every three beauty-related searches originate from non-metro markets. Furthermore, almost one-third of BPC sales on the platform now come from Tier-2 and smaller towns. This has led to the emergence of 'PIN code Beauty', a trend in which demand is shaped by hyperlocal factors such as regional climate, pollution levels, and water quality. For example, consumers in Bengaluru have shown a distinct need for hard-water scalp care, while those in Rajasthan frequently seek barrier repair and hydration products. With a registered user base of more than 500 million, Flipkart's marketplace offers over 150 million products across 80+ categories. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 19 2026 | 6:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 19 2026 | 5:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For its product 'RENZ 3B COOKTOP' Butterfly Gandhimathi Appliances has been honored with the prestigious 'Golden Peacock Eco-Innovation Award' for the year 2026 for its product RENZ 3B COOKTOP. The Company has also been certified for meeting the rigorous standards and evaluation benchmarks of the Golden Peacock Excellence Model, reflecting a strong commitment to sustainability-driven excellence. The Award will be presented at a specially organized 'Golden Peacock Awards Presentation Ceremony' on 03 July 2026, at Gandhinagar, Gujarat, India, during IOD's 27th International Conference on Environment Management and Climate Change'. First Published: Jun 19 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Silver prices declined after after hawkish US Fed comments. First Published: Jun 19 2026 | 1:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 19 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MSP Steel and Power hit an upper circuit of 5% at Rs 44.22 after the company entered into a power purchase agreement (PPA) with Elevate Solar Energy to procure solar power, aiming to increase its renewable energy consumption. As part of the arrangement, the company will acquire a 26% equity stake in Elevate Solar Energy, corresponding to its contracted energy requirement, subject to the terms and conditions of a shareholders' agreement that will be executed at a later date. Elevate Solar Energy is developing a solar power project in Chhattisgarh's Baloda Bazar district with an installed capacity of 70 MWp (DC) / 50 MW (AC). MSP Steel & Power is engaged in manufacturing and trading of sale of iron and steel products, generation of power, manufacturing and sale of cement clinker products and trading of industrial gases. The company reported consolidated net profit of Rs 85.19 crore in Q4 FY26 compared with net loss of Rs 33.82 crore in Q4 FY25. Revenue from operations increased 7.4% YoY to Rs 816.31 crore in Q4 FY26. First Published: Jun 19 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ICICI Lombard General Insurance Company Ltd is quoting at Rs 1844, up 0.27% on the day as on 12:44 IST on the NSE. The stock is down 6.44% in last one year as compared to a 4.62% fall in NIFTY and a 0.91% fall in the Nifty Financial Services. ICICI Lombard General Insurance Company Ltd rose for a fifth straight session today. The stock is quoting at Rs 1844, up 0.27% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.89% on the day, quoting at 23951.95. The Sensex is at 76659.71, down 0.97%. ICICI Lombard General Insurance Company Ltd has added around 3.32% in last one month. Meanwhile, Nifty Financial Services index of which ICICI Lombard General Insurance Company Ltd is a constituent, has added around 4.39% in last one month and is currently quoting at 26581.95, down 0.67% on the day. The volume in the stock stood at 3.24 lakh shares today, compared to the daily average of 6.81 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1852.2, up 0.29% on the day. ICICI Lombard General Insurance Company Ltd is down 6.44% in last one year as compared to a 4.62% fall in NIFTY and a 0.91% fall in the Nifty Financial Services index. The PE of the stock is 35.6 based on TTM earnings ending March 26. First Published: Jun 19 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 19 2026 | 1:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gold demand was modest in India this week as prices fell to their lowest level in two-and-a-half months and remained volatile, while top consumer China flipped to a discount for the first time since late December. Dealers in India quoted discounts of ?up to $54 an ounce over official domestic prices this week, inclusive of 15 per cent import and 3 per cent sales levies, widening from last week's discounts of up to $35. "The price correction is helping bring buyers back to the market, but excessive volatility is prompting some buyers to wait for a clearer price trend," said an Ahmedabad-based jeweller. Domestic gold prices fell to ?146,252 per 10 grams on Friday, the lowest since April 2. "Investment demand has remained weak over the past few weeks. However, jewellers are showing some interest in building inventories," said a Mumbai-based bullion dealer with a private ?bank. India's physically backed gold exchange-traded funds (ETFs) recorded their first net monthly outflow in a year in May, driven by profit-taking following a price rally on higher import duties. In China, bullion shifted to discounts of $4 to $8 an ounce to the global benchmark spot price, compared with premiums of $1 to $5 last week, as investors stayed on the sidelines awaiting further details on the US-Iran deal. Gold prices have fallen over 23 per cent since the start of the US-Israeli war against Iran in late February, pressured by fears of energy-driven inflation and expectations ?of higher US interest rates. [GOL/] "The physical gold market in Shanghai remains very quiet, and I am not seeing much buying interest. Investors across China are still concerned about ?uncertainty in the Middle East and are waiting for a clearer picture," said Peter Fung, ?head of dealing at Wing Fung Precious Metals. "Demand may pick up after the holidays or maybe in July or August." Marketsin mainland China and Hong Kong were closed ?for the Dragon Boat Festival holiday on Friday. In Hong Kong, gold traded between par and a $2 premium, while in Japan, it was sold at a discount of $0.25. In Singapore, gold ?was sold between a $0.50 discount and a $1.80 premium. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 19 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Power Company said that it has received a letter of intent (LoI) from REC Power Development and Consultancy for the acquisition of Ryapte Power Transmission, a project special purpose vehicle (SPV). The project SPV will be developed on a build-own-operate-transfer (BOOT) basis and will provide transmission services for 35 years from the scheduled commercial operation date (SCOD). The project involves construction and commissioning of approximately 250 km of transmission lines, including 400 kV and 220 kV double-circuit lines and underground cable infrastructure, along with two new substations in Karnataka. The project carries an annual transmission charge of Rs 521.07 crore and is required to be completed within 35 months from the date of award. Tata Power Company is a part of the Tata Group and primarily engaged in the generation, transmission, and distribution of electricity. It aims to produce electricity entirely through renewable sources. The companys consolidated net profit fell 4.50% to Rs 995.91 crore on 12.84% fall in revenue from operations to Rs 14,900.20 crore in Q4 FY26 over Q4 FY25. The scrip shed 0.53% to currently trade at Rs 400.50 on the BSE. First Published: Jun 19 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to the latest data available with the RBI, systemic liquidity surplus stood at around ?19,163.11 crore as on June 18 The demand from banks remained muted at the Reserve Bank of India's (RBI) three-day variable rate repo (VRR) auction held on Friday, indicating limited demand for short-term funds from banks. The central bank received bids worth ?16,750 crore from banks at the VRR auction against the notified amount of ?1 trillion. The RBI accepted the entire amount at the auction at a cut-off and weighted average rate of 5.26 per cent. Liquidity conditions in the banking system remained in surplus, though at a lower level. According to the latest data available with the RBI, systemic liquidity surplus stood at around ?19,163.11 crore as on June 18. The liquidity position improved marginally compared with the previous day but remained lower, reflecting tighter conditions in the banking system. The muted participation in the VRR auction indicates limited demand for short-term funds from banks despite the RBI providing liquidity support through variable rate repo operations. The VRR auctions are conducted by the RBI to manage short-term liquidity conditions and align overnight rates with the policy rate corridor. To ease liquidity pressures and keep overnight money market rates in check, the central bank has infused about ?1.89 trillion in transient liquidity through variable rate repo (VRR) auctions across different tenures over the past few days. Of the total infusion, the RBI injected ?72,300 crore on Wednesday through two VRR auctions, ?89,440 crore via a seven-day VRR auction on June 16, and ?28,220 crore through an overnight VRR auction on June 15, according to RBI data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 19 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 19 2026 | 12:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Redington share price gain 6%; up 25% in 7 days on Apple price hike buzz First Published: Jun 19 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindalco Industries has commissioned an aluminium bicycle component manufacturing facility at Chakan, Pune, Maharashtra. The facility will manufacture aluminium bicycle components, including frames, rigid forks, handlebars and wheel rims, for supply to domestic and international customers. The facility is equipped with advanced manufacturing and finishing capabilities and has an annual production capacity of approximately 5,00,000 frames and forks, 7,50,000 handlebars, and 8,00,000 pairs of wheel rims. The project is part of the Company's strategy to expand its portfolio of value-added aluminium products and mobility-related applications. First Published: Jun 19 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Project SPV, Ryapte Power Transmission, will be developed on a Build-Own-Operate Transfer basis to provide transmission services for 35 years from the Scheduled Commercial Operation Date (SCOD), set 30 months after the SPV transfer. The scope of project involves constructing approx. 250 km line route comprising 400 kV D/C line, 220 kV D/C line and 220 kV Underground cable in the following region: i 400 kV D/C line from Ryapte AIS Sub station to proposed 400/220 kV Doddathaggalli GIS S/s, ii 400 kC D/C line from existing Kolar S/s to proposed Doddathaggalli GIS S/s iii 220 kV D/C line from proposed Doddathaggalli GIS S/s to 220 kV existing substation of Ekarajapura, Hosakote and Sarjapura in Karnataka. iv 220 kV Underground cable from Doddathaggalli GIS S/s to Ekarajapura, Hosakote and Sarjapura s/s. In addition, the project scope includes (a) Establishing 5x500 MVA, 400/220 kV S/s at Ryapte in Tumkur District along with 2x125MVAr 400 kV Bus Reactors and (b) Establishing 3X500 MVA, 400/220kV GIS sub-station at Doddathaggalli (Near Hosakote) along with 2x125 MVA, 400 kV Bus Reactors First Published: Jun 19 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This was highlighted during a comprehensive high-level review meeting convened by the Ministry of Rural Development to assess the state-wise physical and financial progress under PMGSY and the Road Connectivity Project for Left Wing Extremism Affected Areas (RCPLWEA). The Secretary reviewed state-wise targets and implementation status for FY 2026-27, with special emphasis on achieving saturation of rural connectivity in left-out areas. States were directed to expedite the completion of all remaining unconnected habitations under PMGSY-I and PM-JANMAN, with particular attention to Particularly Vulnerable Tribal Group (PVTG) habitations. Emphasizing the need for universal all-weather road access, the Secretary urged States to fast-track the preparation of Detailed Project Reports (DPRs), resolve execution bottlenecks and ensure timely completion of pending connectivity projects. Progress under RCPLWEA was also reviewed in detail. Recognizing the strategic importance of road infrastructure in Left Wing Extremism affected districts, the Secretary directed concerned States to maintain close coordination with implementing agencies and ensure timely completion of all sanctioned works. A major focus of the review was the quality and long-term sustainability of rural road assets. The Secretary stressed that strict adherence to quality standards and effective maintenance mechanisms are essential for ensuring durable and reliable rural connectivity. States were urged to strengthen field-level inspections, enhance quality monitoring systems and ensure robust oversight throughout project execution. The meeting also emphasized the universal deployment of the e-MARG (Electronic Maintenance of Rural Roads under PMGSY) platform, enabling real-time monitoring of maintenance activities, performance assessment and payment tracking. Wider adoption of the platform is expected to improve transparency, accountability and efficiency in rural road maintenance. First Published: Jun 19 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The regulator has proposed increasing the minimum net-worth requirement for brokers offering MTF to Rs 5 crore from Rs 3 crore. It has also suggested allowing brokers structured as limited liability partnerships (LLPs) to offer the facility. SEBI has proposed expanding funding avenues for brokers by permitting borrowing through non-convertible debentures (NCDs) and other debt instruments. The regulator has also proposed revising exposure limits. Under the proposal, MTF exposure would not exceed borrowed funds and available net worth. A portion of the broker's capital would remain ring-fenced for core broking operations, while the remaining net worth could be deployed for MTF within prescribed limits. Further, SEBI has proposed allowing all forms of collateral accepted by clearing corporations in the cash market to be used for MTF transactions. It has also suggested fungibility between clients' regular trading and MTF accounts, enabling easier transfer of excess funds and securities. In addition, brokers may get a 30-day window to rebalance positions if securities funded under MTF lose their eligibility status. SEBI said the review was necessitated by the growing volumes of trades under the MTF segment. The regulator has invited public comments on the proposals until 9 July 2026 before finalising the revised framework. First Published: Jun 19 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aqueous zinc ion batteries (AZIBs) are emerging as a low-cost, safe, and sustainable alternatives to lithium-ion batteries. However, their commercialization is hindered by zinc dendrite growth, hydrogen evolution reaction (HER), corrosion, and poor cycling stability. This study addresses these critical challenges through interface engineering rather than expensive material redesign. The work provides a practical and scalable strategy for extending battery life while maintaining safety and low cost which is essential for large-scale renewable energy storage applications. The technology can contribute to the development of safer, longer-lasting, and more affordable rechargeable batteries. Improved zinc-ion batteries can be used for renewable energy storage, backup power systems, and grid-scale energy storage. By enhancing battery lifetime and reducing performance degradation, the technology can lower maintenance costs and improve the reliability of sustainable energy infrastructure. First Published: Jun 19 2026 | 12:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hiliks Technologies surged 9.74% to Rs 59.24 after the company announced that it has entered into a subcontract agreement with KMC Constructions worth Rs 95.51 crore. The project also includes the implementation of Kavach, the Indian Railways indigenous train collision avoidance system, under South Central Railway. The company said that the requisite approval from South Central Railway for the subcontract was received on 17 June 2026. The value of the subcontract stands at Rs 95.51 crore. With this order, the cumulative value of the company's pending order book has risen to Rs 165 crore. The order is scheduled to be executed over a period of 24 months. The company clarified that the contract does not fall under related-party transactions and that neither its promoters nor promoter group entities have any interest in the award. Hiliks Technologies is engaged in providing information technology solutions and services, including software development, system integration, networking solutions, ERP and CRM implementation, data management, digitisation services, IT consulting, and business process outsourcing services. As of 19 June 2026, the company had a market capitalization of Rs 63 crore. On the financial front, the company reported a consolidated net profit of Rs 0.68 crore in the quarter ended March 2026, compared with Rs 0.03 crore posted in the corresponding quarter of the previous year. Revenue from operations surged to Rs 15.94 crore from Rs 2.05 crore in Q4 FY25. First Published: Jun 19 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
New India Assurance Company Ltd, Sterling & Wilson Renewable Energy Ltd, Berger Paints India Ltd and Jyoti CNC Automation Ltd are among the other gainers in the BSE's 'A' group today, 19 June 2026. New India Assurance Company Ltd, Sterling & Wilson Renewable Energy Ltd, Berger Paints India Ltd and Jyoti CNC Automation Ltd are among the other gainers in the BSE's 'A' group today, 19 June 2026. Garware Technical Fibres Ltd surged 11.59% to Rs 777.1 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 29172 shares were traded on the counter so far as against the average daily volumes of 21267 shares in the past one month. New India Assurance Company Ltd soared 10.17% to Rs 197.1. The stock was the second biggest gainer in 'A' group. On the BSE, 24.95 lakh shares were traded on the counter so far as against the average daily volumes of 1.97 lakh shares in the past one month. Sterling & Wilson Renewable Energy Ltd spiked 7.56% to Rs 238.95. The stock was the third biggest gainer in 'A' group. On the BSE, 5.65 lakh shares were traded on the counter so far as against the average daily volumes of 1.52 lakh shares in the past one month. Berger Paints India Ltd jumped 7.04% to Rs 540.35. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.29 lakh shares were traded on the counter so far as against the average daily volumes of 31855 shares in the past one month. Jyoti CNC Automation Ltd gained 6.62% to Rs 746.4. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1.45 lakh shares were traded on the counter so far as against the average daily volumes of 1.63 lakh shares in the past one month. First Published: Jun 19 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company has already invested USD 5.43 million in cash and held 17.29% stake in IBC on a fully diluted basis (in common stock and preferred stock). With the above fresh investment, the aggregate stake of the company in IBC has increased to 20.47% on a fully diluted basis (in common stock and preferred stock). First Published: Jun 19 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The introduction of the Direct Benefit Transfer (DBT) mechanism under the Post-Matric Scholarship Scheme for SC Students in 202122 and the Pre-Matric Scholarship Scheme for SCs & Others in 202223 resulted in a steady increase in Central assistance and beneficiary coverage. The DBT framework has strengthened transparency, accountability and efficiency in scholarship disbursement by ensuring direct transfer of funds into beneficiaries Aadhaar-seeded bank accounts. Under the Pre-Matric Scholarship Scheme for SCs & Others, Central share of ?562.36 crore was released during FY 202526, benefiting 26.79 lakh students through DBT. This represents the highest Central release under the scheme since the introduction of DBT in 202223. Similarly, under the Post-Matric Scholarship Scheme for SC Students, Central share of ?6,208.08 crore was disbursed during FY 202526, benefiting 47.53 lakh students through DBT. This marks the highest-ever Central release under the scheme since the adoption of DBT in 202122. The substantial increase in scholarship coverage and fund disbursement underscores the Departments commitment to expanding educational opportunities for Scheduled Caste students and ensuring timely delivery of benefits. These achievements reflect the success of technology-driven reforms and the Governments continued efforts to promote inclusive growth through accessible and transparent welfare mechanisms. First Published: Jun 19 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 19 2026 | 7:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Iran said commercial vessel traffic at southern ports had returned to normal since Monday | Illustration: Ajaya Kumar Mohanty First Published: Jun 19 2026 | 6:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Iran and the United States are about to sign a peace deal that will reopen the Strait of Hormuz, the narrow waterway that carries about one-fifth of the world’s oil. Oil prices reacted quickly to the announcement of the tentative deal, dropping from highs that had pushed gasoline prices toward record levels in North America. The global supply chain, however, will take the better part of a year to recover, and the relief at the pumps may prove more gradual than the relief in oil markets. The strait’s closure began on Feb. 28 after the US and Israel launched joint strikes on Iran. Tehran responded by effectively shutting the strait to commercial traffic, attacking ships and laying sea mines. Traffic through the passage fell from about 100 vessels per day to roughly six at the height of the blockade, and more than 1,500 vessels were left waiting to pass through at one point. That backlog has caused a months-long global energy crisis. Supply chains operate on a different timeline than politics. German shipping giant Hapag-Lloyd estimates it will take their firm at least six weeks to regain a fully normal network, assuming vessels can leave the Persian Gulf fairly soon after reopening. But that estimate may be too optimistic, since several of the prerequisites for normal traffic still aren’t in place and different accounts put different timelines on how long it will take for the backlog to clear and traffic to return to pre-conflict levels. The Strait of Hormuz was effectively closed by insurance companies before it was declared closed by the Iranian navy. War-risk insurance premiums surged from 0.25 per cent of vessel value before the conflict to between three and eight per cent, which could translate to up to $8 million for a single tanker transit in insurance costs alone. Mines cannot be cleared overnight, and mine clearance is itself a prerequisite for insurers to lower premiums again. That alone could take up to six months, meaning the financial cost of transiting the strait may stay elevated. Once vessels do return, the congestion won’t disappear — it will move to other trans-shipment ports. The traffic released from the strait will need berths, cranes, labour and feeder connections at ports such like Jebel Ali, Colombo, Singapore and Tanjung Pelepas, where operations are already running at elevated capacity after absorbing diverted traffic during the closure. The sudden flood of new traffic at these ports will create further delays across the global container supply chain. Think of an accident on the highway: once it’s cleared, the traffic stacked up behind it disperses, but that dispersal itself can create new slowdowns at the next on-ramp or exit. In this scenario, the strait was the accident, and the ports are the on-ramps. No analyst has yet modelled the clearing of this secondary congestion, but drawing on port throughput data and the volume of traffic released from the strait, a reasonable estimate suggests a return to normal at global transshipment ports won’t be achieved until three to four months from now. The disruption also affected shipping routes themselves. Within hours of the US-Israeli strikes in February, many vessels scheduled for Suez Canal routing were diverted around the Cape of Good Hope. By early March, all four of the world’s largest container carriers — Maersk, MSC, CMA CGM and Hapag-Lloyd — had suspended Hormuz transit. De-escalation doesn’t mean these diverted shipments will simply snap back to the strait. Many shipping firms have already restructured schedules, contracts, vessel positioning and fuel procurement for the rest of 2026 around the Cape of Good Hope route. Unwinding those arrangements takes time. History suggests why changing routes is not an easy fix. After the last Houthi attack on shipping in September 2025 in the Bab el-Mandeb, a highly strategic maritime chokepoint connecting the Red Sea to the Gulf of Aden and the Indian Ocean, a formal ceasefire was declared on Nov. 11. Yet Suez Canal traffic remained 60 per cent below pre-crisis levels 100 days after that final attack. The same pattern could play out here. Under normal conditions, container positioning runs on a tightly managed cycle: loaded containers move one way, and empty ones move back on a schedule that keeps equipment where it’s needed. The blockade broke this cycle, leaving loaded containers trapped inside the Persian Gulf, and empty containers at trans-shipment hubs like Colombo and European terminals. The cape route made it worse, adding still more empties in Europe. That imbalance means Asia is scrambling to find empty containers to ship cargo, while European ports are drowning in empties awaiting shipments from Asia. The containers trapped inside the Persian Gulf are only half of the story: an estimated two million shipping containers have been disrupted across the global network because of the blockade. The strait crisis didn’t land on a perfectly balanced system to begin with, so meaningful improvements are achievable three to five months from reopening, while a return to pre-crisis balance levels may take nine to 12 months. Policymakers and logistics leaders shouldn’t assume the backlog will clear itself on a political timeline. Insurance normalisation lags behind the realities on the ground by months. Shipments that diverted to the Cape of Good Hope need to be redirected back to the Suez Canal-Red Sea route, a process the Bab el-Mandeb experience suggests will be slow and partial. Container imbalances need to be resolved and secondary congestion at trans-shipment hubs needs to clear. The strait may be open, but for a global supply chain already strained by the Covid-19 pandemic and now by months of blockade, the work of recovery has only just begun. Anyone budgeting around an assumption that prices will normalise as soon as headlines about the ceasefire fade should expect a longer adjustment, measured in months rather than weeks. This article is republished from The Conversation under a Creative Commons license. Read the original article. First Published: Jun 19 2026 | 6:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 19 2026 | 12:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Supreme Court of India First Published: Jun 18 2026 | 11:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices fell on Thursday to their lowest since before the start of the Iran war at the end of February as an interim deal to end fighting, reopen the Strait of Hormuz and ease sanctions on Tehran boosted the global supply outlook. Brent crude futures were down $1.85, or 2.33%, at $77.69 a barrel at 11:15 a.m. CDT (1615 GMT), while U.S. West Texas Intermediate ?fell $1.89, or 2.46%, to $74.90 a barrel. Brent touched its lowest level since February 27, which was the last day of trading before the initial U.S.-Israeli strikes on Iran, while WTI was at its lowest since March 4. "The potential reopening of the Strait of Hormuz removes the big risk premium that had been baked into crude from (the) disrupted 20% of global oil flows," said Phil Flynn, senior analyst with the Price Futures Group in a morning note. "While some say full normalization may take weeks - insurance, repairs, sanctions relief - but the direction is clear, and as we have found out that the more pessimistic timeline (has) been proven to be too pessimistic," Flynn said. The 14-point memorandum of understanding between the United States and Iran begins a 60-day negotiation period during which Iran will ?allow toll-free passage through the Strait of Hormuz. The deal calls for traffic through the strait to be restored to its full capacity within 30 days. The preliminary accord defers many of the more difficult issues, such as Iran's nuclear program, and also requires the United States and its partners to come up with a $300-billion plan to finance Iran's recovery. Analysts expect a gradual recovery in flows through the Strait of Hormuz, while industry experts have cautioned that prices may not plummet as demand recovers and inventories are refilled. Investment bank Goldman Sachs expects Gulf exports to normalize to pre-war levels by end-July, with crude production recovering by October. The bank estimates that a normalization in exports to pre-war levels might be ?achieved with a 13 million barrel-per-day increase in Hormuz flows from current levels to around 70% of pre-war levels. BNP Paribas does not currently anticipate a return to pre-war prices and views $75 per barrel as a "durable floor for the foreseeable ?future," it said in a note, given ongoing supply losses and higher demand. Brent traded around $60 to $70 per barrel in the ?first two months of the year before the war. China, the world's second-largest oil consumer, is forecast to consume 753 million metric tons in 2026, down 4.9% from 2025 amid a pivot to new energy and high oil ?prices, according to a report published by PetroChina's research unit. Ukrainian drones hit the Russian capital's oil refinery for the second time this week in what Ukraine cast as a demonstration of its growing capabilities. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 18 2026 | 10:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Motors has joined the government’s scheme to provide discounts for the replacement of old trucks and buses in Delhi-NCR, an official statement said on Thursday First Published: Jun 18 2026 | 10:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 10:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 10:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The developments suggest India's e2W market is entering a new phase where the focus is shifting from generating demand to ensuring adequate supplies of the models consumers want most This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 9:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The regulator has proposed increasing the net worth requirement for brokers eligible to offer MTF from ?3 crore to ?5 crore First Published: Jun 18 2026 | 8:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company said there was no certainty that the talks would lead to a transaction and reiterated that preparations for an IPO of its India hospital business were continuing First Published: Jun 18 2026 | 8:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PMS players offering MF-based products expect the segment to continue growing, citing advantages such as tax efficiency, lower costs and better diversification compared with other wealth management solutions This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 8:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With a peace deal expected to bring the war in West Asia to an end, the near-term beneficiaries would be exporters as countries enhance their defence budgets and scramble to boost their arms inventories This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 8:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gas prices are at USD 3.999 on average in the US, according to motor club AAA First Published: Jun 18 2026 | 7:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gas prices are at USD 3.999 on average in the US, according to motor club AAA First Published: Jun 18 2026 | 7:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Rupee edged up today, appreciating despite a firm undertone in the US dollar index as continued policy support kept sentiments buoyant for the local currency. Yesterday, the Reserve Bank of India has eased interest rate rules for overseas deposits. This move is set to allow banks to offer better returns on FCNR(B) and NRE accounts and will likely attract more foreign funds in coming months. INR held near five-week high following this and added 9 paise at 94.40 per US dollar. The key domestic indices ended with moderate gains on Thursday, extending gains for fifth consecutive trading session, supported by easing crude oil prices and improving global sentiment. Investors' confidence boosted after US President Donald Trump signed a memorandum of understanding (MoU) with Iran aimed at ending the conflict, easing geopolitical concerns. Meanwhile, the US dollar index surged above 100 mark yesterday to hit two and half month high following a slightly hawkish tilt displayed by the US Fed in its latest monetary policy meeting. First Published: Jun 18 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 18 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bosch Home Comfort India hit an upper circuit of 10% at Rs 1,405.95 after the company's promoter announced an offer for sale (OFS) to pare 7.22% stake in the company. As of 31 March 2026, the promoters held an 82.22% stake in the company. Among the promoter group entities, Bosch Global Software Technologies held a 7.97% stake. The OFS opened for non-retail investors on 18 June and will be available to retail investors on 19 June 2026. The floor price has been fixed at Rs 1,150 per share, a discount of about 10.03% to the previous day's closing price of Rs 1,278.15 on the BSE. According to exchange data, bids were received for 78.81 lakh shares by 3:30 p.m. on the first day, translating into subscription of 445.88% of the base non-retail offer size of 17.67 lakh shares. The indicative bid price stood at Rs 1,150 per share. Bosch Home Comfort Group is a global provider of efficient heating, ventilation, and air conditioning (HVAC) solutions with an innovative product portfolio adapted to regional needs. It is the subsidiary of the Robert Bosch GmbH. The companys consolidated net profit declined 27.11% YoY to Rs 40.87 crore in Q4 FY26. Revenue from operations increased 3.52% to Rs 965.35 crore in Q4 FY26 from Rs 932.57 crore in Q4 FY25. First Published: Jun 18 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
H.G. Infra Engineering announced that Vikas Jain has joined the company and assumed charge as chief financial officer (CFO) and key managerial personnel (KMP) with effect from 18 June 2026. Consequent to the appointment, Rajeev Mishra has ceased to be the CFO and KMP with effect from the close of business hours on 17 June 2026. He has been appointed as head of investor relations and corporate affairs and designated as senior management personnel with effect from 18 June 2026. The company further said that Sanjay Bafna, head of accounts, has ceased to be categorized as senior management personnel with effect from 18 June 2026, pursuant to the organizational restructuring and realignment of roles and responsibilities. He will continue to remain in the employment of the company. First Published: Jun 18 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Siddharth Bhagat, director of Amazon Beauty First Published: Jun 18 2026 | 5:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Siddharth Bhagat, director of Amazon Beauty First Published: Jun 18 2026 | 5:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India VIX tumbled 3.90% to 12.67. In the cash market, the Nifty 50 index rose 82.30 points or 0.34% to 24,168. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.90% to 12.67. HDFC Bank, Infosys and Tata Motors Passenger Vehicles (PV) were the top-traded individual stock futures contracts in the F&O segment of the NSE. The June 2026 F&O contracts will expire on 30 June 2026. First Published: Jun 18 2026 | 5:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The S&P BSE Sensex advanced 254.36 points or 0.33% to 77,409.98. The Nifty 50 index rose 82.30 points or 0.34% to 24,168. In five sessions, the Sensex jumped 4.85% and Nifty climbed 4.35%. Max Healthcare Institute (up 6.46%), HDFC Bank (up 1.74%) and State Bank of India (up 1.56%) The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 0.41% and the BSE 250 SmallCap Index added 0.67%. The market breadth was strong. On the BSE, 2,425 shares rose and 1,811 shares fell. A total of 192 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 3.90% to 12.67. Monsoon Update: The India Meteorological Department (IMD) has forecast widespread monsoon rainfall over Mumbai and adjoining parts of Maharashtra by the end of June, indicating a delayed onset of the southwest monsoon in the city, where it typically arrives around June 10-11. Numbers to Track: The yield on India's 10-year benchmark federal paper declined 0.06% to 6.842 compared with the previous session close of 6.865. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.3800 compared with its close of 94.5000 during the previous trading session. MCX Gold futures for 5 August 2026 settlement declined 2.12% to Rs 150,612. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, rose 0.29% to 100.68. The United States 10-year bond yield shed 0.16% to 4.450. In the commodities market, Brent crude for July 2026 settlement declined $1.62 or 2.04% to $77.93 a barrel. Global Markets: US stock futures pointed to a positive start for Wall Street on Thursday, with Dow Jones futures rising 213 points. European shares traded lower ahead of interest rate decisions from the Bank of England and the Swiss National Bank later in the day. Meanwhile, official data showed the UK's unemployment rate eased to 4.9% in the three months ended April from 5.0% in the previous period. Asian indices ended mixed after the US Federal Reserve signalled that interest rates could remain higher for longer. The Federal Reserve kept its benchmark federal funds rate unchanged at 3.50%-3.75% at its policy meeting on Wednesday. Updated projections showed policymakers expect the year-end interest rate to stand at 3.8%, compared with 3.4% projected in March, indicating the possibility of at least one rate hike this year. Overnight on Wall Street, equities closed sharply lower while Treasury yields rose as investors reassessed the interest-rate outlook following the Fed's policy announcement. The Dow Jones Industrial Average fell 507.12 points, or 0.98%, to 51,492.55. The S&P 500 declined 1.21% to 7,420.10, while the Nasdaq Composite lost 1.34% to end at 26,021.66. Stocks in Spotlight: State Bank of India gained 1.56% after the banks Central Board approved a proposal to raise up to Rs 60,000 crore during FY27 through the issuance of debt instruments in Indian rupees or foreign currencies. Redington surged 8.87% on Thursday after reports suggested Apple is preparing to raise prices on some products amid rising memory and storage chip costs. Traders expect any increase in Apple product prices could potentially lift the value of products sold through Redington's distribution business, boosting revenue prospects from its Apple portfolio. HFCL hit an upper circuit of 5% after the company announced that it has secured a contract worth approximately Rs 2,666.09 crore from Rail Vikas Nigam (RVNL) for the BharatNet Phase-III project in the Uttar Pradesh (West) Telecom Circle. FSN E-Commerce Ventures, the parent of Nykaa, jumped 6.07% after the company outlined its FY30 growth strategy. At its Annual Investor Day 2026, Nykaa outlined plans to deliver 2-3 times revenue growth and 4-5 times EBITDA growth by FY30, supported by operating leverage, capital-efficient investments and margin expansion. The company is also targeting a return on capital employed (ROCE) of over 40%. The beauty business, which exited FY26 with GMV of around Rs 15,000 crore, aims to grow GMV by 2-3 times by FY30. Nykaa Fashion, which reported FY26 GMV of Rs 4,954 crore, is targeting 3-3.5 times GMV growth by FY30 with potential high single-digit EBITDA margins and progressing towards 10%+ steady-state profitability. House of Nykaa, the company's portfolio of beauty brands, is aiming to surpass Rs 5,000 crore in net sales value by FY30. Superstore by Nykaa, the company's B2B distribution platform, plans to cross Rs 3,500 crore GMV by FY30. JBM Auto added 1.96% after the companys subsidiary JBM ECOLIFE Mobility, has successfully secured a Rs 750 crore long term strategic investment from Motilal Oswal Alternates, the alternative investment arm of Motilal Oswal Group. The investment will provide growth capital to accelerate JBM Ecolifes electric bus deployment and strengthen sustainable public transportation infrastructure across India. Lupin rose 2.56% after launching Azilsartan Medoxomil Tablets, 40 mg and 80 mg, in the United States following approval of its abbreviated new drug application (ANDA) by the US Food and Drug Administration (USFDA). Lemon Tree Hotels added 3.13% after the company said that it has announced the opening of a new hotel in Sri Ganganagar, marking the hospitality chain's entry into the city and strengthening its footprint in Rajasthan. Kirloskar Ferrous Industries (KFIL) rallied 7.13% after it has secured an international export order valued at around $13.51 million from a buyer based in London, United Kingdom. Under the contract, the company will supply 30,000 metric tonnes (5%) of basic-grade pig iron on a Free on Board (FOB) basis. The order has been awarded by an international entity and is scheduled for execution with the final shipment to be completed by August 15, 2026. First Published: Jun 18 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
State Bank of India gained 1.64% to Rs 1042.85 after the bank's Central Board approved a proposal to raise up to Rs 60,000 crore during FY27 through the issuance of debt instruments in Indian rupees or foreign currencies. The fundraising may be undertaken through one or more instruments, including long-term bonds, Basel III-compliant Additional Tier 1 (AT1) bonds and Basel III-compliant Tier 2 bonds, via public issuances and/or private placements to domestic and overseas investors. State Bank of India is Indias largest public sector lender with operations across retail banking, corporate banking, treasury, international banking and financial services. The banks net profit stood at Rs 19,684 crore in Q4 FY26, up 5.58% year-on-year but down 6.39% sequentially. Total income stood at Rs 1,40,412 crore, down 2.41% YoY and marginally lower on a sequential basis. First Published: Jun 18 2026 | 4:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nikkei 225 Index rose 1.65% to close at 71,053, while the broader Topix Index gained 1.37% to finish at 4,068. The agreement helped ease concerns about Japans economy, which relies heavily on energy imports from the Middle East. Investors largely ignored the overnight decline on Wall Street, where markets reacted to signals from the US Federal Reserve that support for a rate hike this year is increasing. Financial stocks led the gains, with Mitsubishi UFJ Financial Group rising 3.1%, Sumitomo Mitsui Financial Group advancing 4.3%, and Mizuho Financial Group adding 3%. Technology stocks also performed strongly. Lasertec surged 7.1%, Tokyo Electron gained 4.7%, and SoftBank Group climbed 4.5%. Overall, improved global sentiment and easing geopolitical concerns supported broad-based buying in Japanese equities. First Published: Jun 18 2026 | 4:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Shanghai Composite fell 0.43% to close at 4,090, while the Shenzhen Component rose 0.94% to a one-month high of 16,030. Investor sentiment in the technology sector improved after Beijing announced measures to direct more funding toward emerging technologies amid growing competition with the US. Authorities said they would support stock market listings for startups in future industries such as quantum technology, nuclear fusion, and brain-computer interfaces. Among the top gainers were Zhongji Innolight, up 7.19%, Eoptolink Technology, which rose 4.23%, and NAURA Technology, which gained 2.39%. However, weakness in major banking stocks weighed on the Shanghai Composite. Industrial and Commercial Bank of China fell 2.72%, Agricultural Bank of China declined 2.45%, and China Construction Bank lost 2.07%, leading to a divergence between the two benchmark indexes. Chinese markets will remain closed on June 19 for the Dragon Boat Festival holiday. First Published: Jun 18 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Varun Beverages said that Japan-based Asahi Group Holdings has entered into a business alliance agreement for franchising the CALPIS brand with the company, to introduce the CALPIS products into the Indian market. Starting in the second half of 2026, a ready-to-drink, non-alcohol/non-carbonated dairy based product will be launched under the name CALPIS, with two flavor offerings - original and mango. This marks Asahi Groups first entry into Indias non-alcohol/non-carbonated beverage market. Under this alliance, Asahi Group Holdings will be responsible for product development and providing technical support for the production of CALPIS-branded beverages, while its local subsidiary will oversee marketing and brand management. Varun Beverages will handle manufacturing, distribution and sales. This alliance enables Asahi Group to focus on product development and marketing in India, while Varun Beverages adds a product with unique value to its portfoliocreating a partnership expected to deliver mutual benefits. India is an extremely promising market for non-alcohol beverages. The market has grown remarkably, expanding by approximately 2.3 times in volume over the past decade through 2025. The market is expected to offer numerous growth opportunities, driven by factors such as population growth, the expansion of the wealthy middle-class, and rising health-consciousness among consumers. Varun Jaipuria, executive vice chairman at Varun Beverages Limited, said: We are honored to partner with Asahi Group, one of the worlds leading beverage companies, renowned for its iconic brands and deep understanding of consumer preferences across markets. CALPIS is a brand with over a hundred years of heritage and consumer trust, and we are excited to introduce it to India. This is a category we are committed to building at Varun Beverages and one in which we see significant long-term potential. By combining Asahis global expertise with Varun Beverages manufacturing strength and extensive distribution network, we look forward to establishing CALPIS as one of the leading brands for Indian consumers. Varun Beverages is a key player in the beverage industry and one of the largest franchisees of PepsiCo in the world (outside the USA). As of this date, VBL has been granted franchises for various PepsiCo products across 26 states and 6 union territories in India. VBL has also been granted the franchise for various PepsiCo products for the territories of Nepal, Sri Lanka, Morocco, Zambia, Zimbabwe, South Africa, Lesotho, Eswatini & DRC and distribution rights for Namibia, Botswana, Mozambique and Madagascar. The company reported a 20.08% jump in consolidated net profit to Rs 872.35 crore in Q1 CY26 as compared with Rs 726.49 crore posted in Q1 CY25. Revenue from operations (excluding excise duty) surged 18.09% YoY to Rs 6,574.19 crore in Q1 CY26. The scrip shed 0.56% to currently trade at Rs 541.10 on the BSE. First Published: Jun 18 2026 | 4:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cohance Lifesciences announced that Himanshu Agarwal, whole-time director (WTD) and chief financial officer (CFO) has tendered his resignation to pursue a professional opportunity outside the organisation. According to the company's regulatory filing, Agarwal will be relieved from his duties with effect from the close of business hours on September 13, 2026. Agarwal served as a whole-time director and key managerial personnel (KMP) of the company. The resignation is not linked to any material concerns and has been submitted to enable him to pursue opportunities outside the organisation. The company has not yet announced a successor for the CFO role. Cohance Lifesciences, formerly Suven Pharmaceuticals, is an innovator-focused global CRDMO formed through the merger of Cohance Life Sciences into Suven Pharmaceuticals. It is a technology-driven, integrated CDMO platform offering development and manufacturing solutions across complex APIs, performance materials, agrochemicals, ADCs, oligonucleotides and advanced chemistries for global pharmaceutical and life sciences customers. The companys consolidated net profit tanked 66.8% to Rs 44.67 crore on 26.2% decline in revenue from operations to Rs 567.55 crore in Q4 FY26 over Q4 FY25. The scrip declined 2.42% to end at Rs 415.55 on the BSE. First Published: Jun 18 2026 | 4:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 4:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
However, investors will keep a close watch on the annual general meeting (AGM) of Reliance Industries scheduled for Friday, 19 June 2026, while also monitoring monsoon progress, foreign institutional investor (FII) activity, and inflation trends for further market direction. Realty, PSU Bank and Pharma shares advanced while IT and metal stocks declined. As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 254.36 points or 0.33% to 77,409.98. The Nifty 50 index rose 82.30 points or 0.34% to 24,168. In the five consecutive trading sessions, the Sensex jumped 4.85% and Nifty climbed 4.35%. The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 0.41% and the BSE 250 SmallCap Index added 0.67%. The market breadth was strong. On the BSE 2,425 shares rose and 1,811 shares fell. A total of 192 shares were unchanged. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.3650 compared with its close of 94.5000 during the previous trading session. In the commodities market, Brent crude for August 2026 settlement declined $1.68 or 2.11% to $77.87 a barrel. Monsoon update: The India Meteorological Department (IMD) has forecast widespread monsoon rainfall over Mumbai and adjoining parts of Maharashtra by the end of June, indicating a delayed onset of the southwest monsoon in the city, where it typically arrives around June 10-11. Buzzing Index: The Nifty IT Index declined 1.19% to 28,466.45 as investors reacted to the US Federal Reserve's inflation outlook and growing expectations that interest rates could remain elevated for longer. The index increased 3.68% in the past three trading sessions. Infosys (down 2.62%), Persistent Systems (down 2.11%), Tech Mahindra (down 0.9%), Wipro (down 0.85%) and Tata Consultancy Services (down 0.81%) were the top losers. Among the other losers were Oracle Financial Services Software (down 0.45%), HCL Technologies (down 0.33%), Mphasis (down 0.28%) declined. Sentiment weakened after the US Federal Reserve kept interest rates unchanged on Wednesday, but signalled continued concerns over inflation. Policymakers indicated that borrowing costs could remain higher for longer as inflation stays above the central bank's 2% target. The cautious outlook weighed on Indian IT stocks, which derive a significant share of their revenue from North America. Investors worried that elevated interest rates could dampen discretionary technology spending by enterprises, affecting demand for IT services. Stocks in Spotlight: HFCL hit an upper circuit of 5% after the company announced that it has secured a contract worth approximately Rs 2,666.09 crore from Rail Vikas Nigam (RVNL) for the BharatNet Phase-III project in the Uttar Pradesh (West) Telecom Circle. FSN E-Commerce Ventures, the parent of Nykaa, jumped 5.85% after the company outlined its FY30 growth strategy. At its Annual Investor Day 2026, Nykaa outlined plans to deliver 2-3 times revenue growth and 4-5 times EBITDA growth by FY30, supported by operating leverage, capital-efficient investments and margin expansion. The company is also targeting a return on capital employed (ROCE) of over 40%. The beauty business, which exited FY26 with GMV of around Rs 15,000 crore, aims to grow GMV by 2-3 times by FY30. Nykaa Fashion, which reported FY26 GMV of Rs 4,954 crore, is targeting 3-3.5 times GMV growth by FY30 with potential high single-digit EBITDA margins and progressing towards 10%+ steady-state profitability. House of Nykaa, the company's portfolio of beauty brands, is aiming to surpass Rs 5,000 crore in net sales value by FY30. Superstore by Nykaa, the company's B2B distribution platform, plans to cross Rs 3,500 crore GMV by FY30. JBM Auto added 2.12% after the companys subsidiary JBM ECOLIFE Mobility, has successfully secured a Rs 750 crore long term strategic investment from Motilal Oswal Alternates, the alternative investment arm of Motilal Oswal Group. The investment will provide growth capital to accelerate JBM Ecolifes electric bus deployment and strengthen sustainable public transportation infrastructure across India. Mobavenue AI Tech shed 0.79% after the company said that it has secured a new international order worth approximately Rs 10.02 crore through its wholly owned UK subsidiary, Mobavenue Global Holdings. The engagement will be executed through the company's AI-powered consumer growth and technology platforms to support the customer's digital growth objectives. Lupin rose 2.83% after launching Azilsartan Medoxomil Tablets, 40 mg and 80 mg, in the United States following approval of its abbreviated new drug application (ANDA) by the US Food and Drug Administration (USFDA). Lemon Tree Hotels added 3.32% after the company said that it has announced the opening of a new hotel in Sri Ganganagar, marking the hospitality chain's entry into the city and strengthening its footprint in Rajasthan. Kirloskar Ferrous Industries (KFIL) rallied 7.20% after it has secured an international export order valued at around $13.51 million from a buyer based in London, United Kingdom. Under the contract, the company will supply 30,000 metric tonnes (5%) of basic-grade pig iron on a Free on Board (FOB) basis. The order has been awarded by an international entity and is scheduled for execution with the final shipment to be completed by August 15, 2026. Global Market: Most European market declined ahead of interest rate decisions from the Bank of England and the Swiss National Bank, both scheduled later in the day. Meanwhile, official data released on Thursday showed that the U.K.'s unemployment rate eased to 4.9% in the three months to April from 5.0% in the preceding period. Asian market ended mixed on Thursday as the US Federal Reserve indicated the possibility of a rate hike this year. Wednesday marked the first meeting of the Federal Reserve with Kevin Warsh at the helm of the U.S. central bank. At the conclusion of the meeting, the Fed kept the benchmark federal funds rate unchanged and anchored in a range of between 3.5% and 3.75%. Policymakers "dot plot revealed that several Fed officials now see interest rates increasing in 2026. The median estimate for the year-end interest rate now stands at 3.8%, up from 3.4% in prior projections from March, suggesting that at least one rate hike could be in the picture in 2026. Complicating the forecast was Warshs decision to abstain from submitting a rate forecast. Overnight on Wall Street, stocks fell on Wednesday, while Treasury yields surged, as investors grew uncertain over the path of monetary policy after several Federal Reserve officials indicated there could be a rate hike this year to tamp down on inflation. The Dow Jones Industrial Average fell 507.12 points, or 0.98%, after earlier hitting a fresh all-time intraday record the indexs third consecutive high. The 30-stock index closed at 51,492.55. The S&P 500 lost 1.21% and ended at 7,420.10. The Nasdaq Composite shed 1.34% and settled at 26,021.66. First Published: Jun 18 2026 | 4:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bata India surged 16.77% to Rs 792 after the company announced the appointment of Sanjay Rao as its managing director and chief executive officer. Rao brings more than two decades of retail and consumer leadership experience across India, South Asia, China and Europe. He joins Bata India from Nike, where he most recently served as senior director, Nike Retail, overseeing the France and Benelux markets. Prior to Nike, Rao spent several years with Inditex and played a key role in establishing Zaras business in India through its joint venture with the Tata Group. He later held senior leadership roles across India, South Asia, and China. Rao has also served as Country Director for Guess in France and holds an MBA from INSEAD. Panos Mytaros, Chief Executive Officer of Bata Group, said, India is one of Bata Groups most important markets and one of our biggest long-term growth opportunities. Bata India has a powerful brand, deep consumer trust, strong foundations and significant room to grow. The next chapter must be about becoming even closer to consumers, strengthening our relevance, responding faster to trends and giving consumers the shoes they want for every part of their lives. I would like to thank Gunjan for his leadership and contribution over the past five years. He has helped strengthen the business and build a solid foundation for the future. Sanjay brings deep retail and consumer experience, international perspective and a strong understanding of the Indian market. He knows how to build businesses, develop teams and create momentum. I am excited to welcome him to Bata and confident he is the right leader to take Bata India forward into its next phase of accelerated growth. The company and the board of directors expressed their appreciation to Gunjan Shah for his leadership and contribution since joining Bata India. Ashwani Windlass, Chairman of Bata India, said, On behalf of the Board, I would like to thank Gunjan for his leadership, commitment and contribution to Bata India. During his tenure, he strengthened the business, elevated the consumer experience, drove innovation and built a strong leadership team. His contribution has helped create a solid foundation for the future, and we wish him every success in the next chapter of his career. We are delighted to welcome Sanjay to Bata India. His versatile background, proven track record and deep understanding of consumer and retail markets make him well suited to lead the company into its next phase of growth, with a strong focus on consumer relevance, product strength and long-term value creation. Bata India is the largest retailer and manufacturer of footwear in the country. The company is engaged in the business of manufacturing and trading footwear and accessories through their retail and wholesale network. Their products include leather footwear, rubber/canvas footwear, and plastic footwear. The companys consolidated net profit tanked 95.20% to Rs 2.20 crore in Q4 FY26 as against Rs 45.91 crore in Q4 FY25. Revenue from operations rose 4.99% to Rs 827.62 crore in Q4 FY26 as against Rs 788.21 crore Q4 FY25. First Published: Jun 18 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Karur Vysya Bank (KVB) has launched a Sponge Park at Mullai Nagar in Tambaram in partnership with the Tambaram City Municipal Corporation as part of its flagship environmental sustainability initiative, KVB Bhoomi. The project has been developed as an integrated blue-green infrastructure initiative designed to capture, store and naturally filter rainwater, helping mitigate urban flooding while replenishing groundwater resources. According to the bank, the Sponge Park addresses challenges arising from rapid urbanisation, declining groundwater levels and seasonal waterlogging in the region. The project aims to transform an urban space into a sustainable public asset that combines water management, climate resilience, biodiversity enhancement and community well-being. Mullai Nagar was identified as a suitable location due to recurring flooding issues, groundwater stress and limited green public infrastructure. The nature-based solution is expected to improve environmental sustainability while creating a model for resilient urban development. KVB said the park will provide residents with an accessible and eco-friendly recreational space and help strengthen the area's resilience to climate-related challenges. The project is also expected to serve as a demonstration site for sustainable urban planning, water-sensitive design and ecological conservation. Speaking on the project, MD & CEO, Ramesh Babu, Karur Vysya Bank, said, "At Karur Vysya Bank, we believe that sustainability is a very important part of our commitment to responsible growth and community development. We are focused on creating long-term environmental impact by supporting initiatives that address pressing ecological challenges. The Sponge Park at Mullai Nagar under KVB Bhoomi is a pioneering example of how nature-based infrastructure can improve water security, mitigate urban flooding, enhance biodiversity, and create healthier public spaces. We are pleased to partner with the Tambaram City Municipal Corporation in building a greener and more resilient future for the community." Karur Vysya Bank has engaged with leading FinTech companies for expanding our reach and providing innovative financial services. The banks standalone net profit jumped 41.2% to Rs 724.96 crore on 16.3% rise in total income to Rs 3,519.45 crore in Q4 FY26 over Q4 FY25. The scrip shed 0.05% to end at Rs 296.55 on the BSE. First Published: Jun 18 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Redington surged 9.94% to Rs 273.70 on Thursday after reports suggested Apple is preparing to raise prices on some products amid rising memory and storage chip costs. Redington attracted investor interest as it is one of Apple's key distribution and supply chain partners in India. The company distributes iPhones, iPads, MacBooks and other Apple products through its extensive channel network. Traders expect any increase in Apple product prices could potentially lift the value of products sold through Redington's distribution business, boosting revenue prospects from its Apple portfolio. Redington, a technology solutions provider, enables end-to-end distribution for IT/ITeS, telecom, lifestyle, and solar products across various markets. It has presence in over 40 markets, over 450 brand associations, and more than 70,000 channel partners. On a consolidated basis, Redington's net profit declined 41.21% to Rs 391.32 crore while net sales rose 25.62% to Rs 33213.03 crore in Q4 March 2026 over Q4 March 2025. First Published: Jun 18 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 3:47 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IT stocks came under pressure on Thursday, as investors reacted to the US Federal Reserve's inflation outlook and growing expectations that interest rates could remain elevated for longer. Sentiment weakened after the US Federal Reserve kept interest rates unchanged on Wednesday, but signalled continued concerns over inflation. Policymakers indicated that borrowing costs could remain higher for longer as inflation stays above the central bank's 2% target. The cautious outlook weighed on Indian IT stocks, which derive a significant share of their revenue from North America. Investors worried that elevated interest rates could dampen discretionary technology spending by enterprises, affecting demand for IT services. Market expectations have shifted in favour of a possible rate increase. CME FedWatch data showed traders assigning a 70.1% probability that the Federal Reserve will keep rates unchanged at 3.50%-3.75% at its next meeting, while the odds of a 25-basis-point hike to 3.75%-4.00% stood at 29.9%, up from 6.9% a month ago. First Published: Jun 18 2026 | 3:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 2:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IFCI stock tumbled 10% in Thursday's trade amid profit-taking. First Published: Jun 18 2026 | 2:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Neetu Yoshi rose 2.03% to Rs 146.10 after the company announced that it has received a purchase order worth approximately Rs 7.39 crore from an India-based manufacturer for the supply of cast steel bearing plates as per RDSO specifications. The order has been awarded by a domestic entity and does not involve any related-party transaction. The promoter, promoter group and group companies of Neetu Yoshi have no interest in the awarding entity. Neetu Yoshi is engaged in the manufacturing of customized ferrous metallurgical products catering to various industrial applications. On a full-year basis, the company's net profit jumped 52.5% to Rs 25.02 crore on a 39.3% rise in revenue to Rs 98.35 crore in FY26 over FY25. First Published: Jun 18 2026 | 2:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Quick Heal Technologies rallied 4.97% to Rs 182.60 after the company's board approved the appointment of Harish Kumar GS as chief executive officer (CEO) with effect from 18 June 2026. Quick Heal Technologies is a leading global cybersecurity solutions provider. It offers end-to-end cybersecurity solutions across B2C, B2B, and B2G segments. With its widely recognized brands Quick Heal and Seqrite, the company provides AIpowered, patented technologies that protect endpoints, networks, data, mobility, and cloud environments. The companys consolidated net loss widened to Rs 19.94 crore in Q4 FY26 as against a net loss of Rs 3.25 crore reported in Q4 FY25. Revenue from operations declined 25.19% year on year (YoY) to Rs 48.73 crore in the quarter ended 31 March 2026. First Published: Jun 18 2026 | 2:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Torrent Pharmaceuticals Ltd is quoting at Rs 4426.6, down 0.36% on the day as on 13:19 IST on the NSE. The stock jumped 39.91% in last one year as compared to a 2.73% slide in NIFTY and a 12.63% spurt in the Nifty Pharma index. Torrent Pharmaceuticals Ltd dropped for a fifth straight session today. The stock is quoting at Rs 4426.6, down 0.36% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.13% on the day, quoting at 24116.9. The Sensex is at 77301.67, up 0.19%.Torrent Pharmaceuticals Ltd has eased around 0.75% in last one month.Meanwhile, Nifty Pharma index of which Torrent Pharmaceuticals Ltd is a constituent, has eased around 2.88% in last one month and is currently quoting at 24146.55, up 0.01% on the day. The volume in the stock stood at 1.31 lakh shares today, compared to the daily average of 5.7 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 4443.7, down 0.39% on the day. Torrent Pharmaceuticals Ltd jumped 39.91% in last one year as compared to a 2.73% slide in NIFTY and a 12.63% spurt in the Nifty Pharma index. The PE of the stock is 68.05 based on TTM earnings ending March 26. First Published: Jun 18 2026 | 2:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wockhardt Ltd is quoting at Rs 2067, up 2.19% on the day as on 12:49 IST on the NSE. The stock is up 22.5% in last one year as compared to a 2.73% gain in NIFTY and a 12.64% gain in the Nifty Pharma index. Wockhardt Ltd rose for a third straight session today. The stock is quoting at Rs 2067, up 2.19% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.13% on the day, quoting at 24117.4. The Sensex is at 77296.67, up 0.18%. Wockhardt Ltd has added around 27.58% in last one month. Meanwhile, Nifty Pharma index of which Wockhardt Ltd is a constituent, has added around 2.88% in last one month and is currently quoting at 24146.55, up 0.02% on the day. The volume in the stock stood at 19.11 lakh shares today, compared to the daily average of 34.17 lakh shares in last one month. The PE of the stock is 112.56 based on TTM earnings ending March 26. First Published: Jun 18 2026 | 2:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
United Spirits Ltd is quoting at Rs 1357.8, up 3.81% on the day as on 12:49 IST on the NSE. The stock is down 7.05% in last one year as compared to a 2.73% drop in NIFTY and a 8.54% drop in the Nifty FMCG index. United Spirits Ltd is up for a third straight session in a row. The stock is quoting at Rs 1357.8, up 3.81% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.13% on the day, quoting at 24117.4. The Sensex is at 77296.67, up 0.18%. United Spirits Ltd has risen around 4.05% in last one month. Meanwhile, Nifty FMCG index of which United Spirits Ltd is a constituent, has risen around 2.43% in last one month and is currently quoting at 49556.05, up 0.18% on the day. The volume in the stock stood at 20.85 lakh shares today, compared to the daily average of 7.69 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1359.5, up 3.74% on the day. United Spirits Ltd is down 7.05% in last one year as compared to a 2.73% drop in NIFTY and a 8.54% drop in the Nifty FMCG index. The PE of the stock is 50.15 based on TTM earnings ending March 26. First Published: Jun 18 2026 | 2:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
State Bank of India (SBI) on Thursday said its board has approved a proposal to raise up to ?60,000 crore in the current fiscal through the issue of debt instruments. The funds would be raised either in rupee and /or any other convertible currency by issue of debt instruments like long-term bonds, Basel III-compliant Additional Tier 1 Bonds and Basel III compliant Tier 2 Bonds. The funds would be raised through public offer or private placement mode to Indian and /or overseas investors during FY27, SBI said in a regulatory filing. Shares of SBI were trading at ?1,040.25, up 1.39 per cent over previous close on BSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 18 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's Commercial & Industrial (C&I) energy storage market will increase from less than 1 GWh in 2025 to about 2231 GWh by 2032, supported by rising electricity tariffs and rapid adoption of renewable energy, a study by industry body India Energy Storage Alliance (IESA) said on Thursday. The report attributes this exponential growth to rising electricity tariffs, the need for reliable, high-quality power, rapid adoption of renewable energy (RE), cost-optimisation demands, and India's ambitious decarbonisation goals, an IESA statement said. The study details two growth scenarios: a Business-as-Usual (BAU) path, with ESS reaching 22-23 GWh by 2032, and a Rapid Adoption (RA) scenario, in which market-friendly reforms and technological advances could propel installations to 31 GWh. The BAU assumes 5-6 per cent annual C&I load growth and 15 per cent RE CAGR; RA anticipates 18 per cent RE CAGR, reflecting the impact of supportive policy and falling battery costs. "With regulatory clarity, proven business models, and advanced storage technologies, C&I consumers can now make smarter, data-driven decisions that drive both cost savings and sustainability. Our study equips the industry with the actionable intelligence needed to capture this historic opportunity," Vinayak Walimbe, Managing Director of CES, added. Analysing the technology landscape, the report broadly covers lead acid, advanced lead acid, lithium-ion, vanadium-redox flow, sodium-ion, and pumped hydro storage systems, but specific technology analysis is focused on LFP, NMC, VRFB, and Sodium-Ion chemistries. "India's C&I energy storage sector is transitioning from backup and peak shaving to a strategic asset for energy optimisation, resilience, and decarbonisation. The insights from this report will help stakeholders shift from reactive power management to proactive energy leadership," Debmalya Sen, President of IESA, said. The study also explores the shift from backup-centric to application-driven energy storage, with tailored BESS solutions increasingly deployed for open access RE projects, diesel generator (DG) replacements, and rooftop solar integration. The IESA, in collaboration with Customised Energy Solutions (CES), is set to showcase the 'India Stationary Storage Market for C&I Applications: Insights Till 2032' report at the 12th India Energy Storage Week (IESW), from July 8-10 in the national capital. The IESW 2026 will host over 200 exhibitors and 10,000+ industry leaders from more than 30 countries. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 18 2026 | 2:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nykaa on Thursday unveiled 'FY30 vision', outlining its ambition to become a $5bn+ beauty and lifestyle business. First Published: Jun 18 2026 | 12:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PSU Banks to buy: Tech analyst sees up to 15% upside in SBI, Bank of Baroda and Union Bank of India. First Published: Jun 18 2026 | 12:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The National Stock Exchange of India has filed draft papers for a long-delayed listing that will be one of two mega initial public offerings in the country this year, alongside billionaire Mukesh Ambani's Reliance Jio. NSE's IPO is likely to be worth $3.3 billion, based on its share price in private markets, and comes after years of regulatory delays. Existing investors will sell 6 per cent ?of the company's equity as part of the issue, which will be a pure offer-for-sale with no fresh equity being raised. Ambani's AI-to-telecoms arm Reliance Jio Platforms is also gearing up for a stock offering that will likely be India's biggest ever. Sources told Reuters in January that the IPO could be worth as much as $4 billion, though final numbers will only be decided later. In November, investment bank Jefferies estimated that Reliance Jio's valuation stood at $180 billion. Here are the five largest Indian IPOs of all time before NSE and Jio Platforms: Hyundai, the world's third-largest automaker and India's fourth-biggest passenger vehicle maker, raised ?27,870 crore ($2.95 billion) in October 2024 in India's largest-ever IPO. The manufacturer's South Korean parent sold a 17.5 per cent stake in a pure offer-for-sale, where existing shareholders ?sell shares and no new capital is raised. Jio Platforms is expected to use a similar approach, with the company's major investors expected to dilute their stakes. The government pocketed roughly ?20,500 crore from selling a 3.5 per cent stake in India's largest insurer and biggest domestic financial investor, a far cry from its initial target of up to $12 billion. The shares slid nearly 8 per cent on their debut. Paytm, India's fintech firm, raised ?18,300 crore in November 2021 in a mix of a fresh share issue and an offer for sale. Ant Group reduced its stake to 23 per cent from 28 per cent and SoftBank's Vision Fund pared its holding to 16 per cent. Paytm lost more than 27 per cent on its debut, ?the biggest listing-day drop in Indian IPO history at the time. The Tata Group's financial services arm raised ?15,500 crore in October 2025, with Tata Sons and IFC among those selling in the offer for sale component ?alongside a fresh issue. The IPO was the largest-ever by a non-banking financial company in India. The shares listed at a slight ?premium of 1.23 per cent. South Korean parent LG Electronics offloaded a 15 per cent stake in its Indian unit, a maker of refrigerators, washing machines, air conditioners and televisions, in a pure offer for sale issue, netting ?11,600 crore in October 2025. The IPO was oversubscribed 54 times - the most heavily subscribed major Indian IPO since Reliance Power's listing in 2008 - attracting bids worth about ?4.4 trillion. LG's shares surged 50 per cent on their first day of trading, ?valuing the unit higher than its Seoul-based parent. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 18 2026 | 12:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 12:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Galaxy Surfactants Ltd, Star Health & Allied Insurance Company Ltd, FSN E-Commerce Ventures Ltd and R R Kabel Ltd are among the other gainers in the BSE's 'A' group today, 18 June 2026. Galaxy Surfactants Ltd, Star Health & Allied Insurance Company Ltd, FSN E-Commerce Ventures Ltd and R R Kabel Ltd are among the other gainers in the BSE's 'A' group today, 18 June 2026. New India Assurance Company Ltd spiked 12.88% to Rs 186.25 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 19.18 lakh shares were traded on the counter so far as against the average daily volumes of 65301 shares in the past one month. Galaxy Surfactants Ltd soared 9.25% to Rs 1936.8. The stock was the second biggest gainer in 'A' group. On the BSE, 2215 shares were traded on the counter so far as against the average daily volumes of 620 shares in the past one month. Star Health & Allied Insurance Company Ltd surged 7.33% to Rs 572.6. The stock was the third biggest gainer in 'A' group. On the BSE, 1.9 lakh shares were traded on the counter so far as against the average daily volumes of 1.55 lakh shares in the past one month. FSN E-Commerce Ventures Ltd rose 6.88% to Rs 300.6. The stock was the fourth biggest gainer in 'A' group. On the BSE, 19.5 lakh shares were traded on the counter so far as against the average daily volumes of 7.49 lakh shares in the past one month. R R Kabel Ltd exploded 5.92% to Rs 2340.45. The stock was the fifth biggest gainer in 'A' group. On the BSE, 47720 shares were traded on the counter so far as against the average daily volumes of 34443 shares in the past one month. First Published: Jun 18 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 11:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FMCG shares advanced after declining in the past trading sessions. At 11:25 IST, the barometer index, the S&P BSE Sensex declined 145.97 points or 0.19% to 77,010.37. The Nifty 50 index fell 34.80 points or 0.14% to 24,050.90. In the broader market, the BSE 150 MidCap Index was flat and the BSE 250 SmallCap Index added 0.46%. The market breadth was strong. On the BSE, 2,150 shares rose and 1,736 shares fell. A total of 228 shares were unchanged. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.4000 compared with its close of 94.5000 during the previous trading session. In the commodities market, Brent crude for August 2026 settlement fell $ 1.88 or 2.36% to $77.67 a barrel. Buzzing Index: The Nifty FMCG index jumped 0.38% to 49,741.95. The index fell 0.17% in the past trading session. United Spirits (up 4.31%), Radico Khaitan (up 3.16%), Marico (up 2.48%), Patanjali Foods (up 1.62%) and Varun Beverages (up 1.18%) were the top gainers. Among the other gainers were United Breweries (up 0.97%), Hindustan Unilever (up 0.38%), Dabur India (up 0.33%), Nestle India (up 0.01%). Stocks in Spotlight: Lupin rose 1.20% after launching Azilsartan Medoxomil Tablets, 40 mg and 80 mg, in the United States following approval of its abbreviated new drug application (ANDA) by the US Food and Drug Administration (USFDA). Meta Infotech hit an upper circuit of 5% after the company said that it had received fresh orders worth Rs 2.40 crore from one of India's leading stock exchanges and its subsidiary for software subscription services. Global Markets: Asian markets traded mixed on Thursday as the US Federal Reserve indicated the possibility of a rate hike this year. Wednesday marked the first meeting of the Federal Reserve with Kevin Warsh at the helm of the U.S. central bank. At the conclusion of the meeting, the Fed kept the benchmark federal funds rate unchanged and anchored in a range of between 3.5% and 3.75%. Policymakers "dot plot revealed that several Fed officials now see interest rates increasing in 2026. The median estimate for the year-end interest rate now stands at 3.8%, up from 3.4% in prior projections from March, suggesting that at least one rate hike could be in the picture in 2026. Complicating the forecast was Warshs decision to abstain from submitting a rate forecast. Overnight on Wall Street, stocks fell on Wednesday, while Treasury yields surged, as investors grew uncertain over the path of monetary policy after several Federal Reserve officials indicated there could be a rate hike this year to tamp down on inflation. The Dow Jones Industrial Average fell 507.12 points, or 0.98%, after earlier hitting a fresh all-time intraday record the indexs third consecutive high. The 30-stock index closed at 51,492.55. The S&P 500 lost 1.21% and ended at 7,420.10. The Nasdaq Composite shed 1.34% and settled at 26,021.66. First Published: Jun 18 2026 | 11:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 11:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Over the past decade, NSE has consolidated its dominance across cash equities and derivatives trading. First Published: Jun 18 2026 | 11:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Over the past decade, NSE has consolidated its dominance across cash equities and derivatives trading. First Published: Jun 18 2026 | 11:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Susan Electricals India traded at Rs 195.30 on the BSE, a 53.78% premium to the issue price of Rs 127. The counter hit a high of Rs 195.30 and a low of Rs 180.60. About 29.19 shares of the company changed hands at the counter. Susan Electricals India's IPO was subscribed 192.06 times. The issue opened for bidding on 11 June 2026 and it closed on 15 June 2026. The price band of the IPO was fixed between Rs 120 to Rs 127 per share. The IPO comprised a fresh issue of 47,42,000 shares and an offer for sale (OFS) of 8,00,000 shares by existing shareholders. The company intends to utilise the net proceeds for funding of capital expenditure towards expansion of the existing manufacturing facility situated in Uttar Pradesh, funding of working capital requirements and general corporate purposes. Ahead of the IPO, Susan Electricals India on 10 June 2026, raised Rs 19.34 crore from anchor investors. The board allotted 15.23 lakh shares at Rs 127 per share to 5 anchor investors. Susan Electricals India manufactures aluminium and copper-based electrical winding wires, conductors and power cables used in transformers, motors, alternators and power distribution networks. Its product range includes winding wires and strips, aluminium stranded conductors, LT and HT power cables, PVC and XLPE insulated cables, and aerial bunched cables. The company serves state-owned power distribution companies (DISCOMs), infrastructure and EPC firms, and businesses in the electrical equipment sector. In addition to manufacturing, it trades aluminium wires and rods and provides job-work services for winding wires and strips. Susan Electricals operates three manufacturing facilities in Ghaziabad, Uttar Pradesh, and sold its products across seven states during FY26, including Uttar Pradesh, Jharkhand, Madhya Pradesh and Karnataka. As of 30 April 2026, the company had 216 permanent employees. The company recorded revenue from operations of Rs 269.35 crore and net profit of Rs 18.25 crore for the period ended 31 March 2026. First Published: Jun 18 2026 | 11:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Balkrishna Industries has announced the appointment of Saroj Kumar Khuntia as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective 18 June 2026. The company also informed that Madhusudan Bajaj has ceased to be the CFO and KMP with effect from the close of business hours on 17 June 2026 after attaining the age of superannuation, in accordance with the companys policy. The Board of Directors expressed its appreciation for Bajajs valuable contributions and leadership during his tenure. Following his retirement, he will continue to support the company in the capacity of special advisor to the chairman & managing director. The company clarified that his departure is due to superannuation and not resignation. Balkrishna Industries is engaged in the business of manufacturing and selling "off-highway tyres" (OHT) in the specialist segments such as agricultural, industrial & construction, earthmovers & port, mining, forestry, lawn & garden and all-terrain vehicles (ATV). The companys standalone net profit fell 18.5% to Rs 295.09 crore despite a 7.08% increase in revenue from operations to Rs 2,941.15 crore in Q4 FY26 over Q4 FY25. The counter shed 0.88% to Rs 2,235 on the BSE. First Published: Jun 18 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mobavenue AI Tech hit an upper circuit of 5% to Rs 323.85 after the company said that it has secured a new international order worth approximately Rs 10.02 crore through its wholly owned UK subsidiary, Mobavenue Global Holdings. The company said the order underscores the growing adoption of AI-led digital advertising and consumer growth solutions across international markets and is expected to strengthen its international revenue base while supporting geographic and customer diversification. Mobavenue AI Tech added that the order value has been computed based on the prevailing USD-INR exchange rate as of the date of disclosure and may vary depending on currency fluctuations during execution and realization of the contract. Mobavenue AI Tech is an AI-powered advertising, marketing, and consumer growth platform offering digital media and technology solutions to enterprises and brands. The companys consolidated net profit surged 752.5% to Rs 8.44 crore, while net sales jumped 1,285.4% to Rs 62.62 crore in Q4 FY26 from Q4 FY25. First Published: Jun 18 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 11:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IT stocks traded on a weak note in Thursday's trade. First Published: Jun 18 2026 | 11:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Motilal Oswal bullish on defence sector; BEL top pick for 20% upside First Published: Jun 18 2026 | 11:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to a decision taken by the Index Maintenance Sub-Committee (Equity) of NSE Indices, Taj GVK Hotels & Resorts will be removed from the index. No replacement stock will be added following the exclusion. The index provider said no changes have been made to the Nifty India Corporate Group Index - Aditya Birla Group, Nifty India Corporate Group Index - Mahindra Group, Nifty India Select 5 Corporate Groups (MAATR), and Nifty Conglomerate 50 indices. NSE Indices, a subsidiary of the National Stock Exchange, manages a wide range of benchmark, sectoral, thematic, strategy and customised indices under the Nifty brand. First Published: Jun 18 2026 | 11:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 11:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian stocks were steady and oil prices dipped on Thursday as investors assessed progress toward ending the war in the West Asia after the presidents of the US and Iran signed an interim peace deal, though uncertainties still hovered. Both countries released the text of the agreement, which had already circulated widely before its contents were published. It extends a ceasefire announced ?in April by another 60 days to allow the two sides to negotiate a final truce. US President Donald Trump, however, threatened to resume attacks and kill Iranian officials if they failed to honour their commitments. "Major geopolitical risk persists and will also remain a major driver of market action," said Kyle Rodda, a senior financial market analyst at Capital.com. MSCI's broadest index of Asia-Pacific shares outside Japan was flat. Japan's Nikkei share average rallied to another record high, surging past the 71,000 level for the first time, on solid gains in semiconductor and AI-related shares, while South Korean shares gained 0.9 per cent. US stock futures, the S&P 500 e-minis, were up 0.81 per cent at 7,484.8. The benchmark 10-year Japanese government bond yield rose 2 basis points to 2.620 per cent, poised for its highest close since June ?16, after earlier touching 2.63 per cent. Oil prices fell, with US crude dipping 1.25 per cent to $75.83 a barrel and Brent crude down 1.4 per cent to $78.41 per barrel. Overnight on Wall Street, all three major indexes fell close to or more than 1 per cent as traders bet that the Federal Reserve's next move would be a rate hike after new Fed Chair Kevin Warsh highlighted the need to tame inflation and other policymakers projected rising interest rates later this year. The Dow Jones Industrial Average fell 507.12 points, or 0.98 per cent, to 51,492.55, the S&P 500 fell 91.25 points, or 1.21 per cent, to 7,420.10 and the Nasdaq Composite fell 354.69 points, or 1.34 per cent, to 26,021.66. The yield on benchmark 10-year Treasury notes rose to 4.471 per cent compared with its US close ?of 4.463 per cent on Wednesday. The 2-year yield, which rises with traders' expectations of higher Fed funds rates, touched 4.1759 per cent compared with a US close of 4.163 per cent. The Bank of England meets on Thursday and, as with the Fed, no change ?in rates is expected, leaving the focus on the tone of policymakers' commentary. The dollar rose 0.01 per cent against the yen to 160.65 ?after touching 160.79 overnight, hitting its highest level since July 2024. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.03 per cent to 100.32. The euro was up 0.1 per cent ?at $1.1511. Recent declines in oil prices have begun to ease worries about an economic slowdown, especially in energy-importing Europe. The International Energy Agency said on Wednesday the oil market would move into a significant supply surplus in 2027 after recovering ?from the closure of the Strait of Hormuz. Spot gold traded at $4,309.75 per ounce. In cryptocurrencies, bitcoin gained 0.16 per cent to $64,464.75. Ethereum rose 0.37 per cent to $1,752.54. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 18 2026 | 7:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India will allow the import of 378,000 units of conventional-engine passenger cars, including those in the mass segment, from the UK at concessional customs duty during the first 15 years of the implementation of the trade pact between the two countries. Under the pact, tariffs on automotive imports will fall from about 110 per cent to 10 per cent, with quotas on both sides. According to the India-UK CETA document, released on Wednesday, India will get access to the UK's electric, hybrid/hydrogen passenger cars segment with duty-free exports to that country from the sixth year in the price segment ranging from GBP 20,000 to GBP 80,000, with the total quota reaching a peak of 88,000 units from the 15th year and continuing in the subsequent years. This will benefit Indian manufacturers such as Tata Motors Passenger Vehicles, Mahindra & Mahindra, and Maruti Suzuki, among others. The two countries announced the implementation of the comprehensive trade and economic partnership agreement (CETA) from July 15. For imports from the UK to India, the quota for conventional-engine passenger cars will peak in the fifth year across specified categories of vehicles at 37,000 units, with customs duties reduction reaching a final 10 per cent. The duties will not be reduced beyond this. In the first year, the quota for passenger cars of engine size more than 3,000 cc (petrol) and over 2,500 cc (diesel) is 10,000 units, with customs duty being reduced to 30 per cent from 110 per cent. For cars with engine size of 1,500 cc (petrol), 2500 cc (diesel) and 3,000 cc (petrol), the quota is 5,000 units, with duty being reduced to 50 per cent from 66 per cent. In the mass market segment of engine size of up to 1,500 cc, the allowed quota of import in the first year of the pact is 5,000 units, with customs duty being reduced to 50 per cent from 66 per cent, as per the document. A total of 20,000 units of passenger cars across the three categories will be allowed to be imported in the first year under the agreement. In the fifth year, the import quota for passenger cars of engine size more than 3,000 cc (petrol) and over 2,500 cc (diesel) is 19,000 units, while for cars with engine size of 1,500 cc (petrol), 2,500 cc (diesel) and 3,000 cc (petrol), the import quota is capped at 9,000 units, and a similar quota is fixed for cars with engine size of up to 1,500 cc at 10 per cent concessional duty. From the 15th year, the total quota will remain constant at 15,000 units annually with duties fixed at 10 per cent across the three categories. India has not opened its market for vehicles priced below GBP 40,000 (CIF), ensuring complete protection for the mass-market EV segment in which India seeks global leadership through its homegrown firms like Tata Motors and Mahindra & Mahindra, besides Maruti Suzuki. In the first five years, India has not given any concessions for electric/ hybrid/hydrogen-passenger cars, but from the 6th year, such vehicles priced between GBP 40,000 CIF to GBP 80,000 CIF (inclusive), the duties will be reduced to 50 per cent with a quota size of 400 units, while for those vehicles priced above GBP 80,000 CIF, the duties will be lowered to 40 per cent with an import limit of 4,000 units. In the tenth year, the custom duty will stabilise at 10 per cent for the two price segments of electric/ hybrid/hydrogen-passenger cars. It added that, notwithstanding anything provided in this pact, zero emission vehicles (electric or hydrogen fuel vehicles), which are two-wheeled vehicles, buses or trucks, are excluded from any commitment or obligation to reduce or eliminate. Customs duty on a good and no preferential customs duty concessions shall be implemented by India on that good under this agreement. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 18 2026 | 7:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 7:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The next immediate hurdle for the Nifty stands at 24,150, says Ajit Mishra of Religare Broking. First Published: Jun 18 2026 | 7:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy today: Union Bank, AU Bank, RCF, recommends Jatin Gedia of Teji Mandi. First Published: Jun 18 2026 | 7:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy today: Analyst at Bonanza recommends Maithan Alloys, Olectra, Borosil Renewables First Published: Jun 18 2026 | 6:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 18 2026 | 12:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 18 2026 | 12:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Management commentary from major drugmakers, including Sun Pharmaceutical Industries, Dr Reddy’s Laboratories, Cipla, and Lupin, points to a broader industry transition towards higher-value products and geographically diversified revenue streams This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The PM E-Drive scheme was launched by the Ministry of Heavy Industries in September 2024. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of General Insurance Corporation of India (GIC Re) declined 1.44% to settle at Rs 353.40 after the government's offer for sale (OFS) to divest up to a 5% stake in the company concluded on 17 June 2026. The OFS opened for non-retail investors on 16 June and for retail investors and eligible employees on 17 June. The floor price was set at Rs 352 per share, reflecting a discount of about 9.4% to GIC Re's closing price of Rs 388.35 on the BSE on 15 June 2026. The President of India, acting through the Ministry of Finance, is the promoter and seller in the transaction. Up to 20,000 shares were reserved for eligible employees, who were permitted to bid for shares worth up to Rs 5 lakh. According to exchange data, on the first day, bids were received for 10.23 lakh shares against the total non-retail offer size of 7.89 crore shares, resulting in a subscription of 129.68%. Bids backed by 100% margin accounted for 1.63 crore shares, while bids without upfront margin stood at 8.60 crore shares. On the second day, which was open to retail investors and non-retail investors carrying forward their bids, the retail portion attracted bids for 4.05 lakh shares against the total retail offer size of 87.72 lakh shares, translating into a subscription of 4.62%. The non-retail carry-forward segment received bids for 2.07 crore shares, equivalent to 228.84% of the retail offer size. Overall, bids for 2.04 crore shares were received on the second day, resulting in a subscription of 233.46% against the retail portion. The indicative clearing price stood at Rs 352.20 per share. GIC Re is the largest reinsurer in the domestic reinsurance market in India. Internationally, GIC Re is an effective reinsurance partner for the Afro-Asian region, leading the reinsurance programmes of several insurance companies in Middle East and North Africa, and Asia including SAARC countries. As on March 2026, the Government of India held 82.40% stake in the company. On a consolidated basis, GIC Re's net profit rose 1.35% to Rs 2,532.59 crore on 2.31% increase in total income to Rs 13,663.35 crore in Q4 March 2026 over Q4 March 2025. First Published: Jun 17 2026 | 5:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Spandana Sphoorty Financial (SSFL) surged 5.15% to Rs 256.10 after Crisil Ratings reaffirmed its rating on the long-term bank facilities of the company at 'Crisil BBB+/Stable'. Crisil Ratings stated that the ratings continue to factor in the companys healthy capitalisation and its established market position, with regional diversity in portfolio. These strengths are partially offset by modest profitability and susceptibility of asset quality to local socio-political issues in the microfinance sector and average resource profile. The companys portfolio quality has been restoring gradually after undergoing stress in the recent past; this improvement is led by better performance of the loan book that has been originated post tightening of underwriting and implementation of guardrails. Overall, the company reported loss of Rs 699 crore for fiscal 2026 which translates to a return on managed assets (RoMA) of -9.0% as against a loss of Rs 1,035 crore and RoMa of -9.0% for the previous fiscal. The pace and magnitude at which asset quality and overall profitability restore to normalcy, will remain a key monitorable and a rating sensitivity factor. The overall rating continues to reflect the companys established track record in the microfinance sector along with regional diversity in asset base and healthy capitalisation which was supported by rights issue of Rs 400 crore (partly paid to the extent of Rs 200 crore) in Q2 FY26. Tier-I and overall capital adequacy ratios (CAR) were comfortable at 35.9% and gearing was low at 1.9 times on 31 March 2026. Spandana Sphoorty Financial (SSFL) is engaged in lending, providing small-value unsecured loans to low-income customers in semi-urban and rural areas. The tenure of these loans is generally 1-2 years. While SSFL extends microfinance loans, its subsidiaries extend other services such as loans against property, business loans and personal loans. First Published: Jun 17 2026 | 5:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Yes Bank jumped 5.11% to Rs 25.11 as the scrip extended its rising streak for fourth day in a row. Following this announcement, shares of Yes Bank have witnessed significant buying demand. The stock has added 13% in four sessions, from its recent closing low of Rs 22.22 recorded on 11 June 2026. On the technical front, the stocks RSI (14) was currently at 71.769. An RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition. On the daily chart, the scrip is trading below its 10-day, 20-day and 100-day simple moving averages placed at 23.31, 22.92 and 20.83, respectively. In the last six months, the stock has risen by 16.47% while the benchmark S&P BSE Sensex and the S&P BSE Bankex have lost 8.76% and 1.61%, respectively. Yes Bank, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to Retail, MSME, and Corporate clients. The bank operates its brokerage business through Yes Securities, a subsidiary of the bank. The bank has a pan-India presence including an International Banking Unit (IBU) at GIFT City, and a representative office in Abu Dhabi. The bank had reported 44.75% jump in standalone net profit to Rs 1,068.42 crore on 0.27% increase in total income to Rs 9,381.07 crore in Q4 FY26 over Q4 FY25. First Published: Jun 17 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 17 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Protean eGov Technologies announced that Dattaram Mhadgut, executive vice president and chief technology officer (CTO), has resigned due to personal reasons. Protean eGov Technologies has been at the forefront of building citizen-scale digital public infrastructure across taxation, social security and identity services. Aligned with Indias open digital infrastructure framework, the company contributes to multisectoral open digital ecosystems spanning e-commerce, transport and mobility, agriculture, insurance, education and skilling, and healthcare. The company reported revenue from operations of Rs 308 crore in Q4 FY26, up 38% YoY and 34% QoQ. Total income rose 35% YoY and 33% QoQ to Rs 323 crore in the March 2026 quarter. Shares of Protean eGov Technologies shed 0.32% to close at Rs 632 on the BSE. First Published: Jun 17 2026 | 5:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The S&P BSE Sensex advanced 347.14 points or 0.45% to 77,155.62. The Nifty 50 index rose 96.55 points or 0.40% to 24,085.70. In four sessions, the Sensex surged 4.50%, while the Nifty gained 3.99%. Trent (up 7.25%), Bharti Airtel (up 1.14%) and Infosys (up 1.08%) boosted the Nifty today. The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 0.73% and the BSE 250 SmallCap Index added 0.58%. The market breadth was strong. On the BSE, 2,404 shares rose and 1,876 shares fell. A total of 171 shares were unchanged. Monsoon Gap Raises Concerns: India's southwest monsoon has stalled after reaching Kerala, leaving the country with a rainfall deficit of 35% as of 16 June. The shortfall is most severe in central India (63%) and eastern and northeastern regions (43%), while the monsoon has yet to reach Mumbai, more than a week after its normal arrival date. The delay comes amid growing concerns over a developing El Ni, which typically weakens monsoon rains. The India Meteorological Department (IMD) expects the current slowdown to persist for another five to six days due to unfavorable weather conditions. In response, the Centre has placed 150-200 districts under close monitoring, asked states to prepare crop contingency plans, and warned that a weak monsoon could increase food inflation and pressure agricultural output. Despite the concerns, officials said seed, fertiliser and reservoir stocks remain adequate for now. G7 Summit: At the G7 Summit in ian-les-Bains, France, Prime Minister Narendra Modi called for stronger international partnerships to address interconnected global challenges such as energy, food, health, cyber and economic security. Speaking at the Outreach Session on "Forging New Partnerships and Rebuilding International Solidarity," Modi said trade and technology were increasingly being used for narrow interests, contributing to a growing trust deficit in global affairs. Investors and policymakers are also closely watching a potential meeting between Modi and US President Donald Trump on the sidelines of the summit. Numbers to Track: The yield on India's 10-year benchmark federal paper declined 0.06% to 6.862 compared with the previous session close of 6.866. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.5300 compared with its close of 95.6000 during the previous trading session. MCX Gold futures for 5 August 2026 settlement shed 0.29% to Rs 152,650. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, rose 0.05% to 99.61. The United States 10-year bond yield added 0.14% to 4.427. In the commodities market, Brent crude for July 2026 settlement rose 15 cents or 0.19% to $79.11 a barrel. Global Markets: European shares advanced on Wednesday even as UK inflation remained unchanged at 2.8% year-on-year in May, matching the April reading. According to the Office for National Statistics, higher transport costs were the main driver of inflation, partly offset by lower food and non-alcoholic beverage prices. The Bank of England is widely expected to leave its benchmark interest rate unchanged at 3.75% at this week's policy meeting. The UK's inflation rate remained below the euro zone's 3.2% reading for May and well below the US inflation rate of 4.2%. Most Asian indices ended higher as investors awaited the US Federal Reserve's interest rate decision later in the day. Wednesday's Federal Open Market Committee (FOMC) meeting marks the first under new Federal Reserve Chair Kevin Warsh. Market participants largely expect the Fed to keep interest rates unchanged within the 3.5%-3.75% target range. In Japan, exports rose 17% year-on-year in May, the strongest growth since November 2022, supported by robust demand for automobiles and semiconductors. The increase exceeded market expectations of 16.2% and accelerated from 14.8% growth recorded in April. On Wall Street, the Dow Jones Industrial Average closed at a record high on Tuesday as investors rotated into cyclical stocks amid easing oil prices. The Dow gained 328.64 points, or 0.64%, to end at 51,999.67 after touching an intraday record of 52,190.29. In contrast, the S&P 500 slipped 0.57% to 7,511.35, while the Nasdaq Composite fell 1.15% to 26,376.34 as technology stocks came under pressure. Stocks in Spotlight: Infosys rose 1.08% after the company announced a strategic, long-term collaboration with Valmet, a global technology leader serving process industries. The company will deploy its AI-powered Infosys Topaz Fabric, a composable and open agentic services suite, to embed intelligence across IT operations. Under the agreement, the company will modernize Valmet's core IT services and deliver end-to-end IT transformation initiatives aimed at enhancing operational efficiency and aligning IT operations more closely with business priorities. Wipro advanced 0.89% after the company announced the launch of its Applied AI Center of Excellence (CoE) for Claude models powered by Anthropic, reinforcing its commitment to accelerating enterprise AI adoption and impact. The CoE, a key initiative under the company's AI-Native Business & Platforms Unit, is aimed at scaling enterprise AI adoption and embedding AI capabilities into core business workflows across industries. Dixon Technologies (India) surged 4.94% after reports indicated that the government may soon approve the company's proposed joint venture with Chinese smartphone maker Vivo. The proposed venture is expected to focus on manufacturing smartphones and other electronic devices in India. Reports suggest Vivo's manufacturing facility in Noida could be brought under the joint venture structure, helping the company strengthen its local manufacturing presence. Puravankara rose 0.82% after the real estate developer announced the acquisition of a 9.73-acre land parcel in North Bengaluru. The company said the land parcel is located at Sanna Ammanikere in the rapidly developing airport corridor. The project has a development potential of around 0.89 million square feet and an estimated gross development value (GDV) of Rs 800 crore. Krishna Defence and Allied Industries rallied 8.34% after the company announced a new order from the Ministry of Defence. The company said it has received an order worth Rs 45.64 crore, for the supply of special steel products to be used in a shipbuilding project. According to the company, the order is scheduled to be executed within eight months. Prime Focus hit the 5% upper circuit after the Securities and Exchange Board of India (SEBI) closed adjudication proceedings against the company, its promoters, directors and chief financial officer. The case stemmed from SEBI's investigation into two intra-group business transfer transactions undertaken in FY20 and FY22. The regulator had alleged that the accounting treatment adopted for the transactions inflated profits and net worth, resulting in misleading financial statements. In its final order, SEBI held that the allegations were not established. The adjudicating officer noted that the accounting provisions cited in the show-cause notice applied to the acquiring entity, while Prime Focus was the transferor in the transactions. Tata Capital shed 0.55%. The company said that its board of directors has approved a proposal to raise up to Rs 36,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis, subject to shareholder approval. The issuance may be undertaken in one or more tranches through one or more categories of instruments, including secured or unsecured NCDs, subordinated debt, perpetual debt instruments, market-linked debentures and green bonds. Meta Infotech hit an upper circuit of 5% after the company announced the receipt of significant renewal orders from a leading stock exchange and a private sector bank. In a regulatory filing, the company stated that it has secured a renewal order worth Rs 2.20 crore from one of India's leading stock exchanges for software subscription services. The contract covers the period from 23 June 2026 to 22 June 2027 and is scheduled to be executed within 15 days. First Published: Jun 17 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 17 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sebi had earlier issued similar cautions in December 2024 and August 2016, advising investors against conducting any transactions or sharing personal details on such platforms First Published: Jun 17 2026 | 5:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 17 2026 | 4:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 17 2026 | 4:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The paid-up share capital of the Company has accordingly increased from Rs. 20,89,16,962 consisting of 10,44,58,481 equity shares having a face value of Rs. 2/- each to Rs. 20,90,50,442 consisting of 10,45,25,221 equity shares having a face value of Rs. 2/- each. First Published: Jun 17 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Glenmark Pharmaceuticals Inc., USA (Glenmark) today announced the launch of Methylene Blue Injection USP, 50 mg/10 mL (5 mg/mL) Single Dose Vial. Glenmark's Methylene Blue Injection USP is bioequivalent and therapeutically equivalent to the reference listed drug, ProvayBlue Injection, 50 mg/10 mL (5 mg/mL), of Provepharm SAS [NDA 204630]. Commenting on the launch, Marc Kikuchi, President & Business Head, North America said, The launch of Methylene Blue Injection USP reflects Glenmark's ongoing commitment to expanding access to quality, affordable medicines for healthcare institutions and the patients they serve. This addition further strengthens our institutional portfolio and reinforces our focus on delivering reliable treatment options across the U.S. market. First Published: Jun 17 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 17 2026 | 9:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 21068.75% to Rs 33.87 crore For the full year,net loss reported to Rs 4.38 crore in the year ended March 2026 as against net loss of Rs 3.69 crore during the previous year ended March 2025. Sales rose 57.83% to Rs 44.13 crore in the year ended March 2026 as against Rs 27.96 crore during the previous year ended March 2025. First Published: Jun 17 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 5.27% to Rs 16.78 crore For the full year,net profit declined 32.02% to Rs 16.73 crore in the year ended March 2026 as against Rs 24.61 crore during the previous year ended March 2025. Sales declined 11.67% to Rs 64.62 crore in the year ended March 2026 as against Rs 73.16 crore during the previous year ended March 2025. First Published: Jun 17 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 285.06% to Rs 10.05 crore For the full year,net loss reported to Rs 46.18 crore in the year ended March 2026 as against net loss of Rs 37.20 crore during the previous year ended March 2025. Sales rose 182.59% to Rs 25.49 crore in the year ended March 2026 as against Rs 9.02 crore during the previous year ended March 2025. First Published: Jun 17 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 11.46% to Rs 248.92 crore For the full year,net profit rose 12.81% to Rs 110.73 crore in the year ended March 2026 as against Rs 98.16 crore during the previous year ended March 2025. Sales rose 15.48% to Rs 939.44 crore in the year ended March 2026 as against Rs 813.50 crore during the previous year ended March 2025. First Published: Jun 17 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 86.67% to Rs 268.62 crore For the full year,net profit rose 129.66% to Rs 485.90 crore in the year ended March 2026 as against Rs 211.57 crore during the previous year ended March 2025. Sales rose 91.22% to Rs 655.57 crore in the year ended March 2026 as against Rs 342.84 crore during the previous year ended March 2025. First Published: Jun 17 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 3.45 crore in the year ended March 2026 as against net loss of Rs 1.36 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: Jun 17 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 0.11 crore in the year ended March 2026 as against net loss of Rs 0.08 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: Jun 17 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
20 Microns announced that it has incorporated a new overseas step-down subsidiary in China through its wholly owned Malaysian subsidiary. The newly incorporated entity, Guizhou Twenty Microns International Trade Co, was registered in the People's Republic of China on June 3, 2026. The company received intimation regarding the completion of incorporation formalities from its wholly owned subsidiary, 20 Microns Sdn. Bhd. According to the filing, 20 Microns Sdn. Bhd. will hold a 90% equity stake in the newly incorporated company, making it an overseas step-down subsidiary of 20 Microns Ltd. The listed entity will exercise indirect control over the business through its Malaysian arm. The new entity will engage in trading, import-export and related activities involving non-metallic minerals, metallic ores, mineral products, non-ferrous metals, alloys and associated products. The incorporation is aimed at supporting the group's business operations and expanding its presence in the Chinese market. As part of the incorporation, 20 Microns Sdn. Bhd. will infuse an initial subscription amount of RMB 1.8 million in cash, representing 90% of the registered capital of the company. The company said the entity has been incorporated under applicable laws of China and no material governmental or regulatory approvals are required beyond routine statutory registrations and approvals in the ordinary course of business. 20 Microns is engaged in Business of Manufacturing and selling of Industrial Micronised Minerals and Speciality Chemicals. The companys consolidated net profit jumped 15% to Rs 17.72 crore on 14.8% rise in revenue from operations to Rs 261.06 crore in Q4 FY26 over Q4 FY25. Shares of 20 Microns rose 3.17% to end at Rs 188.80 on the BSE. First Published: Jun 15 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Deccan Gold Mines surged 17.79% to end at Rs 193.05 after the country's apex court upheld the vested rights of mining lease applicants who received approvals and clearances prior to the 2015 amendments to the MMDR Act. In 2015, the company's subsidiary Deccan Exploration Services had been granted the mining lease for the Ganajur gold project. The said project holds an estimated 3.08 lakh ounces of gold resources. The Ganajur-Karajgi PL block comprises the highly rated Ganajur Main gold deposit and several satellite prospects such as Ganajur SE, Karajgi Main, Karajgi East, Ganajur South, Ganajur Central and Karajgi Hut, hosting gold materialisation in banded iron formations. The Indian government made amendments to its mining laws (MMDR Act) back in 2015. This put many older mining applications into a legal deadlock. Deccan Gold Mines subsidiary had applied for a lease before these changes took place. In a regulatory filing made during market hours today, the company informed that the Supreme Court has announced its judgment in the Karantharu Virama Foundation vs State of Maharashtra matter. The court has upheld that mining lease applicants whose lease approvals and requisite clearances were granted prior to the 2015 amendments to the Mines and Minerals (Development and Regulation) (MMDR) Act retain their vested and accrued rights, despite the subsequent introduction of auction-based allocation regime. The court further clarified that such cases would not be treated as "pending applications" as of 2015 and would therefore not be subject to either the post-2015 auction regime or the lapse provisions introduced in 2021. "The companys legal team is presently undertaking a detailed examination of the aforesaid judgment and its implications on the pending proceedings concerning the Ganajur project," the company said in a statement. Deccan Gold Mines is engaged in the business of extraction, processing & sale and exploration & development of mining assets mainly precious metals such as gold. The company had reported 47.27% fall in consolidated net profit to Rs 7.62 crore in the quarter ended March 2026 from Rs 14.45 crore during the previous quarter ended March 2025. Sales for Q4 FY26 were Rs 0.59 crore as against Rs 0.01 crore in Q4 FY25. First Published: Jun 15 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The newly launched indices are Nifty Power, Nifty Capital Goods, Nifty Telecommunications, Nifty Construction, Nifty Consumer Services, Nifty Commercial & Transport Services, Nifty Retail, Nifty Hospitals, Nifty NBFC, Nifty Housing Finance and Nifty Insurance. With the addition of these indices, the total number of sectoral indices under the Nifty umbrella has increased to 34. NSE Indices said the expanded suite is designed to offer deeper representation across both established and emerging sectors of the economy. The new indices are expected to serve as performance benchmarks for asset managers and could form the basis for passive investment products such as exchange-traded funds (ETFs), index funds and structured products. The launch comes amid rising investor interest in sector-specific investment strategies and the growing adoption of passive investment vehicles in India. NSE Indices, a subsidiary of NSE, manages a wide range of indices under the Nifty brand, including the benchmark Nifty 50. Its offerings span broad-market, sectoral, thematic, strategy, fixed-income and customised indices that are widely used by investors, fund managers and market participants in India and overseas. First Published: Jun 15 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The key equity benchmark indices extended gains for a second consecutive session on Monday, supported by a sharp decline in crude oil prices and optimism surrounding a US-Iran peace agreement. Buying was broad-based, with most sectoral indices ending in the green. Investor sentiment was further buoyed by strong global cues, a stronger rupee and easing market volatility. The Nifty settled above the 23,850 mark, led by gains in consumer durables and auto stocks. However, pharma and healthcare shares bucked the trend and closed lower. The S&P BSE Sensex soared 736.38 points or 0.97% to 76,264.33. The Nifty 50 index surged 231 points or 0.98% to 23,853.90. Mahindra & Mahindra (up 3.06%), Larsen & Toubro (up 3.01%) and Reliance Industries (up 1.04%) boosted the Nifty higher today. The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 1.47% and the BSE 250 SmallCap Index added 1.38%. The market breadth was strong. On the BSE, 3,086 shares rose and 1,323 shares fell. A total of 218 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.48% to 14.35. Economy: India's wholesale price inflation accelerated to 9.68% in May 2026 from 8.26% in April, driven largely by higher fuel and power prices amid rising global energy costs linked to tensions in West Asia. The latest reading is the highest in the current WPI series with 2022-23 as the base year. India's merchandise exports rose 18% YoY to $45.20 billion in May, supported by higher shipments of engineering goods, petroleum products and electronics. Merchandise imports increased 20.6% to $73.41 billion, widening the trade deficit to $28.21 billion from $22.56 billion a year ago. Services exports grew to $36.76 billion from $32.46 billion in the year-ago period, while services imports rose to $19.06 billion from $16.70 billion. Overall exports, comprising merchandise and services, increased to $81.96 billion from $70.76 billion a year earlier. Total imports rose to $92.47 billion from $77.55 billion. As a result, the overall trade deficit widened to $10.51 billion in May 2026 from $6.79 billion in May 2025. Meanwhile, India's unemployment rate edged up to 5.5% in May from 5.2% in April, according to official data released on Monday. Numbers to Track: The yield on India's 10-year benchmark federal paper declined 0.03% to 6.864 compared with the previous session close of 6.868. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 94.7000 compared with its close of 95.1800 during the previous trading session. MCX Gold futures for 5 August 2026 settlement rose 1.86% to Rs 153,321. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.27% to 99.48. The United States 10-year bond yield shed 1.03% to 4.437. In the commodities market, Brent crude for July 2026 settlement declined $4.45 cents or 5.10% to $82.88 a barrel. Global Markets: US stock futures pointed to a strong start for Wall Street on Monday, with Dow Jones futures rising 445 points after President Donald Trump announced that an agreement had been reached to end the conflict between the United States and Iran. European market traded higher, while Asian equities closed in positive territory amid hopes that easing geopolitical tensions could support global economic growth and reduce energy market disruptions. Trump said on Sunday that the agreement with Iran was "now complete." Pakistan Prime Minister Shehbaz Sharif stated that an official signing ceremony is expected to take place in Switzerland later this week. The announcement was accompanied by plans to reopen the Strait of Hormuz, a key global oil shipping route. The development triggered a sharp decline in oil prices, with US crude falling nearly 5% as concerns over supply disruptions eased. Investor sentiment improved despite lingering uncertainty after recent exchanges of fire involving Israel and Hezbollah in Lebanon had raised doubts over the timing of a potential agreement. Traders are now awaiting key US economic data, including housing and retail sales figures, while attention will also be focused on the Federal Reserve's upcoming policy meeting. According to CME FedWatch data, futures markets are pricing in a more than 98% probability that the US central bank will keep interest rates unchanged. On Friday, Wall Street ended higher, supported by optimism surrounding the potential peace agreement and a strong stock market debut by SpaceX. The S&P 500 gained 0.5% to close at 7,431.46, while the Nasdaq Composite rose 0.31% to 25,888.84. The Dow Jones Industrial Average advanced 353.51 points, or 0.7%, to 51,202.26. SpaceX debuted on the Nasdaq at $150 per share under the ticker symbol SPCX, above its IPO price of $135. The stock surged more than 20% shortly after listing and ended the session nearly 19% higher at around $161. Stocks in Spotlight: Shares of Vedanta group's four demerged companies commenced trading on the stock exchanges on Monday, marking the completion of the conglomerate's long-awaited restructuring exercise. Among the newly listed entities, Vedanta Aluminium Metal ended at Rs 495.90 on the NSE and Rs 500.65 on the BSE. Vedanta Power closed at Rs 41.90 on the NSE and Rs 42.50 on the BSE, while Vedanta Oil & Gas closed at Rs 36.10 and Rs 37.05, respectively. Vedanta Iron & Steel ended at Rs 21.06 on the NSE and Rs 21.05 on the BSE. The residual Vedanta closed at down 2.47% at Rs 302 on the NSE. Deccan Gold Mines surged 17.01% after the Supreme Court ruled in its favor. The apex court upheld the company's mining lease rights for the Ganajur Gold Project, established before 2015. This decision protects legacy mining applications from new auction mandates. The ruling clears the path for the company's project in Karnataka, which holds substantial gold resources. Bharat Forge jumped 3.85% after its wholly owned defence subsidiary, Kalyani Strategic Systems (KSSL), unveiled the MArG series of 155mm mounted artillery guns at Eurosatory 2026 in Paris. Shares of Sanofi India surged 4.30% to Rs 3,255 after a bulk deal involving the company's shares was executed on the BSE. According to exchange data, Nippon India Mutual Fund purchased 2.64 lakh shares, or 1.15% equity, of Sanofi India at Rs 3,150 per share through a bulk deal on 12 June 2026. The shares were sold by HDFC Life Insurance Company, which offloaded 2.75 lakh shares, or 1.19% equity, at the same price. As of the March 2026 quarter, Nippon India Small Cap Fund held an aggregate 3.79% stake in Sanofi India, while HDFC Life Insurance Company's Shareholders Solvency Margin Account owned 1.47% of the pharmaceutical company. JSW Energy rose 1.01% after the company said that it has signed a definitive agreement with Kolahai Infotech and SFI Parcel Services to acquire 100% equity shares of Maruti Clean Coal & Power (MCCPL).The transaction values MCCPL at an enterprise value of approximately Rs 1,410 crore, subject to customary closing adjustments as per the definitive agreements. Ashoka Buildcon jumped 7.10% after the company secured a public-private partnership (PPP) project from Chhattisgarh State Industrial Development Corporation (CSIDC) for the development of a Gems & Jewellery Park in Raipur. As per the agreement, Ashoka Buildcon will pay a premium of Rs 112.40 crore along with an annual lease rent equivalent to 2% of the premium amount, subject to a 10% escalation every fourth year. SEPC surged 6.66% after the company announced that it had secured a major order worth Rs 673.32 crore from Steel Authority of India (SAIL)'s IISCO Steel Plant (ISP), Burnpur, for its 4.08 MTPA crude steel expansion project. First Published: Jun 15 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 15 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's unemployment rate has hit around one year high. Ministry of Statistics & Programme Implementation stated today that the Labour Force Participation Rate (LFPR) for persons aged 15 years and above was reported as 54.4% in May, 2026, compared to 55.0% in April, 2026. In rural and urban areas, LFPR was recorded at 56.6% and 49.8%, respectively. The year-on-year comparison shows that the overall LFPR in May, 2026 declined by 0.4 percentage points. Rural and urban LFPR also registered a decline of 0.3 and 0.6 percentage points, respectively, over the same period. Female Labour Force Participation Rate (LFPR) for age 15 years and above stood at 32.8% in May, 2026. In rural areas, female LFPR was recorded at 36.7%, whereas it remained almost at the same level at 24.8% in urban areas compared to the previous month. Compared to May, 2025, the overall female LFPR declined marginally by 0.4 percentage points, from 33.2% to 32.8% in May, 2026. Rural female LFPR remained broadly unchanged, whereas LFPR for urban female recorded a decline of 0.5 percentage points over the year. The Worker Population Ratio (WPR) for persons aged 15 years and above recorded a marginal decline of 0.3 percentage points in both rural and urban sectors between May, 2025 and May, 2026. The overall WPR was estimated at 51.4% in May, 2026, compared to 52.2% in April, 2026 and 51.7% in May, 2025. In rural areas, WPR stood at 53.8% in May, 2026, compared to 54.9% in April, 2026. WPR in urban areas was estimated at 46.6% in May, 2026 against 46.8% in April, 2026. In May, 2026, the rural unemployment rate or UR increased marginally to 5.1% from 4.6% in April, 2026, while the urban UR eased to 6.4% from 6.6% during the same period. The overall UR was estimated at 5.5% in May, 2026, rising compared to 5.2% in April and hitting highest level in nearly one year. Compared with May, 2025, the urban UR declined from 6.9% to 6.4%, marking a reduction of 0.5 percentage points in May, 2026. The overall UR remained stable, while the rural UR maintained the same level of 5.1% over the same period. The moderation in LFPR and WPR with an increase in UR indicates a softening of labour market conditions during the period. First Published: Jun 15 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices fell to their lowest level in two months following the news, easing inflation concerns and reducing input costs for Japan, which relies heavily on energy imports. Investors are also looking ahead to this weeks Bank of Japan meeting, where policymakers are widely expected to raise interest rates to help curb inflation and strengthen the yen. Market optimism was further supported by SpaceXs strong market debut on Friday, which fueled demand for technology and growth-oriented stocks. Technology and AI-related shares led the gains, with Kioxia rising 12%, Murata Manufacturing jumping 17.6%, SoftBank Group advancing 10.3%, Advantest gaining 7.7%, and Tokyo Electron adding 7%. First Published: Jun 15 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investors also looked ahead to upcoming domestic economic data, including industrial production, retail sales, and unemployment figures, for further clues on China's economic outlook. Among individual stocks, Zijin Mining Group gained 7.63%, Zhongji Innolight advanced 8.36%, and Suzhou Dongshan Precision Manufacturing surged 10%. Meanwhile, energy shares lagged the broader market as oil prices declined, with PetroChina falling 2.41% and CNOOC losing 4.62% First Published: Jun 15 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank, Reliance Inds and L&T were top traded contracts In the cash market, the Nifty 50 index soared 231 points or 0.98% to 23,853.90. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 2.48% to 14.35. HDFC Bank, Reliance Industries and Larsen & Toubro (L&T) were the top-traded individual stock futures contracts in the F&O segment of the NSE. The June 2026 F&O contracts will expire on Tuesday, 30 June 2026. First Published: Jun 15 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
South Korean consumer electronics major LG expects India to continue to be its number one market globally for residential air conditioning by sales volume with the country offering significant growth potential, according to a senior company official. India, which is among LG's top three HVAC (heating, ventilation, and air conditioning) markets globally along with the US and Brazil, however, has room for growth in the commercial air conditioning business, LG Electronics Head of Eco Solution Asia/India Sales & Marketing Department, Kiyoon Seong told visiting Indian journalists here. "India has a large population and relatively low AC penetration, which indicates significant growth potential. India is already one of LG's top three HVAC markets globally. In the RAC (residential air conditioning) business, India is LG's number one market worldwide in terms of sales volume," he said. Seong was responding to a query on the significance of the Indian market for LG and its ranking among the company's global HVAC markets. He, however, added, "LG has room for growth in the commercial air conditioning business (in India). India is one of LG's key strategic markets globally. That is why LG established its third manufacturing facility in India to strengthen local production and support future growth." When asked about the potential for growth in the Indian market, Seong said, "For RAC, India is already the largest market in terms of sales volume, and we expect this trend to continue because the market still has significant growth potential." AC penetration in India has increased from around 7 per cent to 12 per cent in the last ten years. For SAC (system air conditioning), Seong said market dynamics differ by region with certain markets having strong demand from specialised sectors such as data centers. Commenting on cost pressure, he said due to geopolitical conflicts and rising material costs, component costs have increased. "We are seeing cost pressure particularly from compressors, heat exchangers and other key components required for higher-efficiency products. This is not unique to LG and is affecting manufacturers across the industry," he noted. The Indian market has experienced AC price increases in recent years due to higher commodity costs, including copper, aluminum and petrochemical-based materials, Seong said, adding "although raw material costs have risen significantly, LG continues to work on reducing costs wherever possible". LG Electronics, which has outlined its robotics vision, is looking in the long term at 'Zero Labor Home', where autonomous home robots, AI orchestration and connected appliances work together to proactively perform everyday tasks and deliver greater convenience, autonomy and quality of life. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 15 2026 | 4:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Patel Engineering rose 1.76% after a joint venture involving the company received a Letter of Award (LoA) worth Rs 126.37 crore from the Maharashtra Krishna Valley Development Corporation for the Tasgaon Lift Irrigation Scheme in Maharashtra. The project involves the construction of an irrigation and water distribution system covering a command area of 2,277 hectares across six villages in Satara district. The scope of work includes headworks, pump houses, switchyards, rising mains, delivery chambers, pumping machinery, and associated civil, mechanical and electrical works, along with a closed pipe distribution network. The project is scheduled to be completed within 48 months. Patel Engineering is an infrastructure company with expertise in hydropower, irrigation and tunnelling projects. The company has executed over 85 dams, 40 hydroelectric projects and more than 300 km of tunnelling works across domestic and international markets. The company's consolidated net profit fell 8% to Rs 31.89 crore on 11.81% decline in revenue from operations to Rs 1,421.47 crore in Q4 FY26 over Q4 FY25. First Published: Jun 15 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Realty, consumer durables and auto shares advanced while pharma and media shares declined. As per provisional closing data, the barometer index, the S&P BSE Sensex soared 736.38 points or 0.97% to 76,264.33. The Nifty 50 index surged 231 points or 0.98% to 23,853.90. The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 1.47% and the BSE 250 SmallCap Index added 1.38%. The market breadth was strong. On the BSE, 3,089 shares rose and 1,322 shares fell. A total of 216 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.48% to 14.35. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.7300 compared with its previous close of 95.1800 during the previous trading session. In the commodities market, Brent crude for August 2026 settlement fell $4.55 or 5.21% to $82.78 a barrel. Economy : Indias wholesale price inflation (WPI) rose to 9.68% in May, compared with 8.30% in the previous month, according to government data released under the new WPI series. Food inflation stood at 4.49% in May, up from 3.11% in the previous month, while fuel and power inflation surged to 30.33% from 24.89%. Manufactured products inflation rose to 7.48%, compared with 6.68% earlier, while primary articles inflation increased to 4.99% from 3.78% in the previous month. Producers price index or PPI inflation for manufactured goods was flat in May. This marks the first release of PPI data by the government, which will publish both input and output PPI figures on a trial basis. Meanwhile, Indias merchandise exports climbed 18% in May, led by outbound shipments of engineering goods, petroleum products and electronics goods. Merchandise exports were estimated at $45.20 billion last month, up from $38.30 billion a year earlier, according to provisional data released by the ministry of commerce and industry on Monday. Imports climbed 20.6% to $73.41 billion from $60.86 billion. The trade deficit widened to $28.21 billion from $22.56 billion in May last year. Services exports rose to $36.76 billion in May from $32.46 billion a year earlier, while services imports rose to $19.06 billion from $16.70 billion. The overall trade deficit, including services, widened to $10.51 billion in May from $6.79 billion a year ago. Buzzing Index: The Nifty Realty index rallied 3.96% to 800.05. The index climbed 7.63% in the two consecutive trading session. Phoenix Mills (up 5.83%), Prestige Estates Projects (up 5.77%), DLF (up 4.83%), Godrej Properties (up 4.61%) and Aditya Birla Real Estate (up 3.62%), Oberoi Realty (up 3.12%), Sobha (up 3.08%), Lodha Developers (up 2.31%), Brigade Enterprises (up 1.38%) and Anant Raj (up 0.53%) advanced. Stocks in Spotlight: Shares of Vedanta group's four demerged companies commenced trading on the stock exchanges on Monday, marking the completion of the conglomerate's long-awaited restructuring exercise. Among the newly listed entities, Vedanta Aluminium Metal ended at Rs 495.90 on the NSE and Rs 500.65 on the BSE. Vedanta Power closed at Rs 41.90 on the NSE and Rs 42.50 on the BSE, while Vedanta Oil & Gas closed at Rs 36.10 and Rs 37.05, respectively. Vedanta Iron & Steel ended at Rs 21.06 on the NSE and Rs 21.05 on the BSE. The residual Vedanta closed at down 2.47% at Rs 302 on the NSE. JSW Energy rose 0.81% after the company said that it has signed a definitive agreement with Kolahai Infotech and SFI Parcel Services to acquire 100% equity shares of Maruti Clean Coal & Power (MCCPL).The transaction values MCCPL at an enterprise value of approximately Rs 1,410 crore, subject to customary closing adjustments as per the definitive agreements. Ashoka Buildcon jumped 6.69% after the company secured a public-private partnership (PPP) project from Chhattisgarh State Industrial Development Corporation (CSIDC) for the development of a Gems & Jewellery Park in Raipur. As per the agreement, Ashoka Buildcon will pay a premium of Rs 112.40 crore along with an annual lease rent equivalent to 2% of the premium amount, subject to a 10% escalation every fourth year. SEPC surged 7.07% after the company announced that it had secured a major order worth Rs 673.32 crore from Steel Authority of India (SAIL)'s IISCO Steel Plant (ISP), Burnpur, for its 4.08 MTPA crude steel expansion project. Bharat Forge jumped 3.90% after its wholly owned defence subsidiary, Kalyani Strategic Systems (KSSL), unveiled the MArG series of 155mm mounted artillery guns at Eurosatory 2026 in Paris. Global Markets: US Dow Jones futures were up 445 points, indicating a positive start for Wall Street later today. European market advanced while Asian market ended higher on Monday after President Donald Trump announced that an agreement had been reached to end the war between the U.S. and Iran. Trump said late Sunday on social media that the deal with Iran was now complete. Pakistan Prime Minister Shehbaz Sharif said an official signing ceremony would take place on Friday in Switzerland. Trump also said he authorized the reopening of the key Strait of Hormuz passageway, sending oil prices tumbling on Sunday. U.S. crude fell nearly 5%. Trumps announcement came after an exchange of fire between Israel and the Tehran-backed Hezbollah in Lebanon raised uncertainty over whether the deal would get across the finish line on Sunday. Investors are watching for economic data on housing and retail sales this week. They will also closely monitor the Federal Reserve policy meeting, which Fed funds futures indicate has a more than 98% chance of ending with rates unchanged, according to CMEs FedWatch tool. Last week, stocks rose on Friday as SpaceXs opening pop bolstered sentiment, with investors hoping for the arrival of a potential peace deal between the U.S. and Iran. The S&P 500 closed up 0.5% at 7,431.46, while the Nasdaq Composite added 0.31% to finish at 25,888.84. The Dow Jones Industrial Average advanced 353.51 points, or 0.7%, to settle at 51,202.26. Elon Musks rocket maker debuted on the Nasdaq at $150 per share, trading under the symbol SPCX. Thats above its $135 IPO price. The stock soared more than 20% shortly after it opened and closed up 19% at around $161. First Published: Jun 15 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 15 2026 | 3:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahindra EPC Irrigation surged 4.63% to Rs 114.05 after the company said that it has secured four contracts worth an aggregate of approximately Rs 17.15 crore from the Office of the Executive Engineer, Electrical and Mechanical Heavy Plant Division. The orders involve the supply of Micro Pressurized Irrigation Systems across a cumulative area of 680 hectares. The contracts have been awarded by a domestic entity and are scheduled to be executed within 11 months from the date of site handover for the respective projects. The company clarified that neither its promoters nor promoter group entities have any interest in the awarding authority. It also stated that the contracts do not fall within the ambit of related-party transactions. Mahindra EPC Irrigation is in the business of Micro Irrigation Systems viz. Drip and Sprinklers, Agricultural Pumps, Greenhouses, and Landscape Products. Mahindra EPC Irrigation reported a 23.36% YoY decline in consolidated net profit at Rs 4.79 crore in Q4 FY26, compared with Rs 6.25 crore in the same quarter last year. However, revenue from operations rallied 11.58% to Rs 107 crore in Q4 FY26, against Rs 95.89 crore posted in the same quarter last year. First Published: Jun 15 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 15 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharat Forge jumped 4.19% to Rs 2,026.60 after its wholly owned defence subsidiary, Kalyani Strategic Systems (KSSL), unveiled the MArG series of 155mm mounted artillery guns at Eurosatory 2026 in Paris. KSSL said the artillery systems are designed to provide armed forces with a highly mobile and rapidly deployable firepower solution while reducing logistics requirements compared with heavier tracked and wheeled platforms. The MArG series supports NATO-standard 155mm ammunition, including precision-guided munitions, and is intended for missions such as counter-battery operations, interdiction and fire support. The company showcased the MArG 39 variant at the exhibition. The system features a 155mm/39-calibre gun mounted on a 4 high-mobility vehicle and is designed for rapid "shoot-and-scoot" operations. According to KSSL, the platform can be brought into action in about 1.5 minutes during the day and carries up to 18 rounds of onboard ammunition. Bharat Forge said the new artillery platform is aimed at addressing the requirements of armed forces seeking mobile firepower solutions capable of operating across diverse terrains, including mountainous, desert and urban environments. The unveiling comes amid growing focus on indigenous defence manufacturing and increasing export opportunities for Indian-made military equipment. Kalyani Strategic Systems is the defence arm of the Kalyani Group and develops artillery systems, armoured vehicles, ammunition, small arms, marine platforms and unmanned systems. Pune-based Bharat Forge is a technology driven global leader in providing high performance, innovative safety critical components and solutions for several sectors including automotive, power, oil and gas, construction & mining, rail, marine, defence and aerospace. The company has a global manufacturing footprint with presence across five countries. The company reported a consolidated net profit of Rs 233.45 crore in Q4 FY26, down 17.4% from Rs 282.62 crore in Q4 FY25. Revenue from operations jumped 17.53% YoY to Rs 4,528.04 crore in Q4 March 2026. First Published: Jun 15 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ola Electric Mobility Ltd, Aster DM Healthcare Ltd, Data Patterns (India) Ltd and Shilpa Medicare Ltd are among the other losers in the BSE's 'A' group today, 15 June 2026. Ola Electric Mobility Ltd, Aster DM Healthcare Ltd, Data Patterns (India) Ltd and Shilpa Medicare Ltd are among the other losers in the BSE's 'A' group today, 15 June 2026. Aurobindo Pharma Ltd lost 4.55% to Rs 1405.3 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 55749 shares were traded on the counter so far as against the average daily volumes of 50382 shares in the past one month. Ola Electric Mobility Ltd tumbled 3.96% to Rs 43.92. The stock was the second biggest loser in 'A' group.On the BSE, 66.22 lakh shares were traded on the counter so far as against the average daily volumes of 125.03 lakh shares in the past one month. Aster DM Healthcare Ltd crashed 3.15% to Rs 789.25. The stock was the third biggest loser in 'A' group.On the BSE, 42723 shares were traded on the counter so far as against the average daily volumes of 62252 shares in the past one month. Data Patterns (India) Ltd pared 3.03% to Rs 4407.8. The stock was the fourth biggest loser in 'A' group.On the BSE, 71819 shares were traded on the counter so far as against the average daily volumes of 79760 shares in the past one month. Shilpa Medicare Ltd dropped 2.52% to Rs 532.45. The stock was the fifth biggest loser in 'A' group.On the BSE, 45035 shares were traded on the counter so far as against the average daily volumes of 73771 shares in the past one month. First Published: Jun 15 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indobell Insulations has announced the receipt of two new orders, including a domestic contract valued at Rs 5.10 crore and an export order worth $82,170, strengthening its order book despite recent financial challenges. As per the agreed payment terms, Indobell will receive 10% as advance payment, 15% against engineering drawings, 65% upon delivery within 45 days, and the remaining 10% against a bank guarantee. The company stated that the order does not constitute a related-party transaction and that neither its promoters nor promoter group entities have any interest in the contract. In a separate development, Indobell Insulations has also secured an export order from GE Vernova Operations LLC, Cambridge, USA, for the supply of steam turbine insulation blanket thermal products. The order is valued at $82,170 and is expected to be completed by 8 October 2027. The export contract carries payment terms of Net 150 days on a monthly basis under the FCA (Free Carrier) supplier factory Incoterm, with transactions denominated in U.S. dollars. Similar to the domestic contract, the company clarified that the order is not a related-party transaction and that its promoters have no interest in the award. Indobell Insulations is engaged in the manufacturing and export of insulation products and also operates as a service provider in the insulation segment. On the financial front, the company reported a 63.5% decline in standalone net profit to Rs 0.80 crore in FY26, compared with the previous fiscal year. Net sales fell 39.4% year-on-year to Rs 15.58 crore. The company's shares hit the 5% upper circuit limit and closed at Rs 48.30 on the BSE on Friday. Indobell Insulations currently commands a market capitalisation of Rs 30.43 crore. First Published: Jun 13 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 13 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Upon consummation of the transaction, MCCPL will become a wholly-owned subsidiary of the Company. First Published: Jun 13 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to the report, recruiters are being asked to conduct a larger number of interviews as companies seek greater confidence in hiring decisions First Published: Jun 13 2026 | 11:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hexaware Technologies Hexaware' First Published: Jun 13 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As part of the transaction, all the strategic Assets, including the AdColony SDK for iOS and Android devices, tech platform, existing integration with in-app publishers and mediation platforms, the brand name, domain and the goodwill exclusively related to Assets, will be acquired by AMEA (Asset Purchase). This Investment is strategic for Affle's consumer platform business. The strategic Assets acquired have AdColony SDKs (Software Development Kit) for iOS and Android integrated with the publisher ecosystem, leading to an increased number of consumer touchpoints across the integrated consumer journey. This will improve the audience intelligence of the Company's Consumer Platform and drive conversions for Advertisers. First Published: Jun 13 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ather Energy announced that its board has approved a proposal to raise up to Rs 2,500 crore through the issuance of various securities. Additionally, the company will raise Rs 1,000 crore through the issuance of equity shares and/or foreign currency convertible bonds (FCCBs), and/or any other eligible securities representing equity shares or convertible into or exchangeable for equity shares, whether rupee denominated or denominated in one or more foreign currency(ies) The proposed issuance may be undertaken through permissible routes, including a preferential issue, rights issue, or any other mode allowed under applicable laws. Ather Energy designs and manufactures high-performance electric scooters. The companys current E2W portfolio consists of two distinct product lines, viz., the Ather 450 series and the Ather Rizta, and together, these product lines offer a total of nine variants. The company had reported a net loss of Rs 79.60 crore in Q4 FY26, which is significantly lower as compared with the net loss of Rs 197.80 crore recorded in Q4 FY25. Net sales for the period under review were Rs 953.60 crore, up 50.2% YoY. The counter rose 0.03% to end at Rs 1028.15 on the BSE. First Published: Jun 13 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Meesho announced that it has signed a share purchase agreement to acquire 100% stake in Kirana Club for a consideration of Rs 202.08 crore, to strengthen its presence in E-commerce ecosystem. Kirana Club, incorporated in Singapore, develops proprietary software applications and operates a digital platform catering to grocery retailers. Its subsidiary, Retail Pulse Lab (RPLPL), operates a B2B e-commerce marketplace that connects kirana stores and small retailers with FMCG brands and distributors, primarily across Tier-2, Tier-3, Tier-4 cities and rural India. The platform generates revenue through commissions and advertising services. For FY26, Kirana Club reported a turnover of SGD 45,808.25, while RPLPL recorded a turnover of Rs 15.84 crore. As per the agreement, the company will acquire 100% shareholding in Kirana Club incorporated under laws of Singapore and 0.41% of the share capital of RPLPL, an existing subsidiary of Kirana Club incorporated under the laws of India, from the identified selling shareholders, under three tranches. The company said that the acquisition extends its mission of democratizing internet commerce to millions of retailers who power commerce across India, and provides significant deeper access to not only the over $650 billion grocery market of which Kirana and general trade channels accounts for more than 90%, but also a platform for B2B play across categories. Kirana Club will continue to operate independently within the Meesho group. The acquisition is expected to be completed in three tranches, on or before March 31, 2027, subject to satisfaction of the conditions precedent and other terms and conditions set out in the SPA Anshul Gupta, Co-founder and CEO of Kirana Club, said, Kirana Club was built on a simple belief: small retailers in Bharat deserve the same access, transparency and efficiency as modern retail. Over the last few years, we have built deep trust with kirana retailers by combining community, local insights and commerce. Meesho understands Bharat at scale and shares our belief in serving underserved users through technology. With this partnership, we can accelerate our mission of building Indias most trusted digital commerce network for kiranas. Vidit Aatrey, chairman, managing director and chief executive officer, Meesho, said, At Meesho, we have always believed that technology can expand access and opportunity for underserved users across India. Kirana Club has built deep trust among small retailers through its asset-light and community-first approach. We see significant opportunities to strengthen access, transparency and product discovery for kiranas in underserved markets across India, and also extend this to all forms of B2B retail across India. Meesho is a multi-sided technology platform driving e-commerce in India by connecting four key stakeholders: consumers, sellers, logistics partners, and content creators. The company operates its e-commerce marketplace under the brand name Meesho, enabling consumers to access a wide range of affordable products while offering sellers a low-cost platform to grow their businesses. The companys consolidated net loss narrowed to Rs 166.34 crore in Q4 FY26 compared with net loss of Rs 1,393.12 crore in Q4 FY25. Revenue from operations climbed 47.14% YoY to Rs 3,531.21 crore in Q4 FY26. The counter shed 0.71% to settle at Rs 167.15 on the BSE. First Published: Jun 13 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 14.43% to Rs 992.12 crore For the full year,net loss reported to Rs 317.17 crore in the year ended March 2026 as against net loss of Rs 799.79 crore during the previous year ended March 2025. Sales rose 6.65% to Rs 3833.27 crore in the year ended March 2026 as against Rs 3594.10 crore during the previous year ended March 2025. First Published: Jun 13 2026 | 9:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 7.88% to Rs 301.09 crore For the full year,net profit declined 12.18% to Rs 185.04 crore in the year ended March 2026 as against Rs 210.71 crore during the previous year ended March 2025. Sales declined 1.08% to Rs 1248.18 crore in the year ended March 2026 as against Rs 1261.87 crore during the previous year ended March 2025. First Published: Jun 13 2026 | 9:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 0.01 crore in the year ended March 2026 as against net loss of Rs 0.05 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: Jun 13 2026 | 9:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,no net profit/loss reported in the year ended March 2026 as against net loss of Rs 0.02 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: Jun 13 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 72.22% to Rs 0.05 crore For the full year,no net profit/loss reported in the year ended March 2026 as against net loss of Rs 0.03 crore during the previous year ended March 2025. Sales rose 75.76% to Rs 0.58 crore in the year ended March 2026 as against Rs 0.33 crore during the previous year ended March 2025. First Published: Jun 13 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 21.36% to Rs 584.99 crore For the full year,net profit rose 57.02% to Rs 298.93 crore in the year ended March 2026 as against Rs 190.38 crore during the previous year ended March 2025. Sales rose 22.39% to Rs 2060.72 crore in the year ended March 2026 as against Rs 1683.70 crore during the previous year ended March 2025. First Published: Jun 13 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 93.86% to Rs 0.66 crore For the full year,net profit declined 98.95% to Rs 0.01 crore in the year ended March 2026 as against Rs 0.95 crore during the previous year ended March 2025. Sales declined 89.00% to Rs 1.72 crore in the year ended March 2026 as against Rs 15.64 crore during the previous year ended March 2025. First Published: Jun 13 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 29.47% to Rs 1607.30 crore For the full year,net profit rose 20.22% to Rs 490.77 crore in the year ended March 2026 as against Rs 408.24 crore during the previous year ended March 2025. Sales rose 32.54% to Rs 5934.39 crore in the year ended March 2026 as against Rs 4477.36 crore during the previous year ended March 2025. First Published: Jun 13 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 18.67% to Rs 126.66 crore For the full year,net profit declined 16.06% to Rs 62.46 crore in the year ended March 2026 as against Rs 74.41 crore during the previous year ended March 2025. Sales declined 1.43% to Rs 486.61 crore in the year ended March 2026 as against Rs 493.68 crore during the previous year ended March 2025. First Published: Jun 13 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 12 2026 | 8:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Upstream companies will continue to receive the benefits of standardised ad valorem deductions of 20 per cent for nominated blocks and 15 per cent for other blocks for crude oil and natural gas This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 12 2026 | 8:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 12 2026 | 8:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 12 2026 | 7:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 12 2026 | 7:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 12 2026 | 7:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 12 2026 | 7:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 12 2026 | 7:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 12 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 12 June 2026 First Published: Jun 12 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 12 June 2026 First Published: Jun 12 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For international companies, India has the lure of being one of the relatively few places where alcohol demand is growing, but the many ?obstacles to profitability include high taxation and separate regulations in each state as well as the current Indian groups representing alcohol giants Diageo, Pernod Ricard, Heineken and Carlsberg, accused the southern Indian state of Telangana of breaching accounting rules over dues it owes them totalling nearly $400 million. Telangana, the country's biggest beer-consuming state by volume, like many other local governments ?in India, requires liquor companies to supply only to state-run depots, which then sell to retailers, forcing the companies to rely on state governments for payment. The system has long soured relations with big drinks companies and last year Telangana officials acknowledged they owed money to liquor firms without giving reasons for the delayed payments. The state government has from this month been paying off new dues early, while old debts pile up, the industry leaders said. Contractually, early payments can be made at a slightly lower rate, but that has to be agreed with ?the companies that say the government is acting unilaterally. On Friday, industry bodies the Brewers Association of India, the Confederation of Indian Alcoholic Beverage Companies and the International Spirits and Wines Association of India, which together represent 80% of the country's liquor, beer and wines market, issued a joint statement raising concerns about the risk of bad debts. RISK OF BAD DEBT? "Old outstanding (payments) may remain unpaid turning into bad debt over time thus creating massive financial burden and risk for the industry," the groups said, adding not paying old ?dues first was "fraught with non-compliance" with accounting standards. The statement assessed the amount owing for December 2025 to April 2026 dues at 37.25 billion rupees ($392 million). The Telangana government ?did not respond to requests for comment from Reuters, and neither did Diageo, Pernod, Heineken's United ?Breweries, Carlsberg and Anheuser-Busch InBev. For international companies, India has the lure of being one of the relatively few places where alcohol demand is growing, but the many ?obstacles to profitability include high taxation and separate regulations in each state as well as the current payments row. Pernod is also locked in an antitrust case and fighting a $314 ?million tax demand from India, while Anheuser-Busch InBev is contesting a competition law case. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 12 2026 | 6:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 12 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jayant Infratech surged 18.32% to Rs 81.75 after the company announced that it had received a Letter of Acceptance (LoA) worth Rs 16.54 crore from South East Central Railway, Bilaspur, for the execution of railway overhead electrification works. The project is scheduled to be completed by June 2027. Jayant Infratech specializes in the design, supply, and commissioning of 25KV, 50Hz single-phase traction overhead equipment, playing a vital role in the electrification of new and existing railway lines. On a full-year basis, the companys standalone net profit shed to Rs 8.45 crore in FY26 as against Rs 8.41 crore in FY25. Revenue from operations fell 8.20% YoY to Rs 111.70 crore in FY26. First Published: Jun 12 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Heads UP Ventures Ltd, Grand Oak Canyons Distillery Ltd, TV Vision Ltd and Ambica Agarbathies Aroma & Industries Ltd are among the other losers in the BSE's 'B' group today, 12 June 2026. Heads UP Ventures Ltd, Grand Oak Canyons Distillery Ltd, TV Vision Ltd and Ambica Agarbathies Aroma & Industries Ltd are among the other losers in the BSE's 'B' group today, 12 June 2026. Eurotex Industries and Exports Ltd tumbled 9.98% to Rs 19.31 at 14:29 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 2177 shares were traded on the counter so far as against the average daily volumes of 11960 shares in the past one month. Heads UP Ventures Ltd crashed 9.87% to Rs 6.76. The stock was the second biggest loser in 'B' group.On the BSE, 1098 shares were traded on the counter so far as against the average daily volumes of 7432 shares in the past one month. Grand Oak Canyons Distillery Ltd lost 8.21% to Rs 32.89. The stock was the third biggest loser in 'B' group.On the BSE, 9828 shares were traded on the counter so far as against the average daily volumes of 14161 shares in the past one month. TV Vision Ltd plummeted 6.78% to Rs 4.81. The stock was the fourth biggest loser in 'B' group.On the BSE, 13212 shares were traded on the counter so far as against the average daily volumes of 3812 shares in the past one month. Ambica Agarbathies Aroma & Industries Ltd shed 6.75% to Rs 23.77. The stock was the fifth biggest loser in 'B' group.On the BSE, 100 shares were traded on the counter so far as against the average daily volumes of 622 shares in the past one month. First Published: Jun 12 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Consultancy Services (TCS) has expanded its collaboration with Oracle by launching India's first Oracle AI Data Platform Lab and Center of Excellence (CoE) in Kolkata. The new facility is designed to help organizations shape the next wave of AI-powered enterprise transformation. TCS also plans to roll out the Oracle AI Data Platform Labs and CoEs across four additional cities in India over the next three years. Housed in Delta Park Lords, Kolkata, the facility will help customers overcome common barriers to AI adoption, including fragmented data landscapes, slow analytics cycles, limited AI scalability, and operational inefficiencies. Using reusable architectures, industry solutions, and accelerators, TCS will help customers turn enterprise data into actionable intelligence and deploy AI-driven automation at scale. Oracle AI Data Platform makes data AI-ready and enables the creation and deployment of agentic applications by harnessing the combined capabilities of Oracle Cloud Infrastructure (OCI), Oracle Autonomous AI Database, and OCI Enterprise AI. First Published: Jun 12 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nestle India Ltd, Cartrade Tech Ltd, Inox India Ltd and Oil & Natural Gas Corpn Ltd are among the other losers in the BSE's 'A' group today, 12 June 2026. Nestle India Ltd, Cartrade Tech Ltd, Inox India Ltd and Oil & Natural Gas Corpn Ltd are among the other losers in the BSE's 'A' group today, 12 June 2026. Cemindia Projects Ltd tumbled 4.62% to Rs 1121.9 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 89901 shares were traded on the counter so far as against the average daily volumes of 53573 shares in the past one month. Nestle India Ltd crashed 3.12% to Rs 1377.4. The stock was the second biggest loser in 'A' group.On the BSE, 85464 shares were traded on the counter so far as against the average daily volumes of 99637 shares in the past one month. Cartrade Tech Ltd lost 2.88% to Rs 2316.9. The stock was the third biggest loser in 'A' group.On the BSE, 2.08 lakh shares were traded on the counter so far as against the average daily volumes of 83842 shares in the past one month. Inox India Ltd plummeted 2.73% to Rs 1799.35. The stock was the fourth biggest loser in 'A' group.On the BSE, 45703 shares were traded on the counter so far as against the average daily volumes of 37145 shares in the past one month. Oil & Natural Gas Corpn Ltd shed 2.71% to Rs 245.7. The stock was the fifth biggest loser in 'A' group.On the BSE, 7.57 lakh shares were traded on the counter so far as against the average daily volumes of 5.74 lakh shares in the past one month. First Published: Jun 12 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 12 2026 | 3:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 12 2026 | 3:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 14:30 IST, the barometer index, the S&P BSE Sensex, jumped 1,457.67 points or 1.97% to 75,296.40. The Nifty 50 index rose 391.60 points or 1.70% to 23,555.60. The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 1.99% and the BSE 250 SmallCap Index added 2.30%. The market breadth was strong. On the BSE, 3,079 shares rose and 1,061 shares fell. A total of 178 shares were unchanged. Buzzing Index: The Nifty Auto index advanced 1.46% to 26,166.70. The index shed 0.91% over the previous two trading sessions. Ashok Leyland (up 8.17%), Tube Investments of India (up 4.11%), Bosch (up 4.09%), Tata Motors Passenger Vehicles (up 2.69%), Hero MotoCorp (up 2.25%), Maruti Suzuki India (up 1.92%), Eicher Motors (up 1.59%), Samvardhana Motherson International (up 1.39%), Exide Industries (up 1.39%) and Mahindra & Mahindra (up 0.54%) rose. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.48% to 6.864 compared with the previous session close of 6.897. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.0900 compared with its close of 95.8500 during the previous trading session. MCX Gold futures for 5 August 2026 settlement rose 0.95% to Rs 1,50,352. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.02% to 99.71. The United States 10-year bond yield shed 0.45% to 4.441. In the commodities market, Brent crude for August 2026 settlement fell $4.07 or 4.50% to $86.31 a barrel. Stocks in Spotlight: Concord Biotech rose 0.12%. The company announced the successful completion of an inspection conducted by Brazil's National Health Surveillance Agency (ANVISA) at its active pharmaceutical ingredient (API) manufacturing facility in Limbasi. Flair Writing Industries added 0.86%. The company said that it has operationalized its wooden pencil manufacturing facility in Surat, marking a decisive step toward strengthening its presence in the pencil category in the creative segment. First Published: Jun 12 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Authum Investment & Infrastructure Ltd clocked volume of 149.52 lakh shares by 14:14 IST on NSE, a 46.49 times surge over two-week average daily volume of 3.22 lakh shares MMTC Ltd, Tata Teleservices (Maharashtra) Ltd, Aegis Vopak Terminals Ltd, Tata Investment Corporation Ltd are among the other stocks to see a surge in volumes on NSE today, 12 June 2026. Authum Investment & Infrastructure Ltd clocked volume of 149.52 lakh shares by 14:14 IST on NSE, a 46.49 times surge over two-week average daily volume of 3.22 lakh shares. The stock gained 15.81% to Rs.532.65. Volumes stood at 1.5 lakh shares in the last session. MMTC Ltd notched up volume of 625.04 lakh shares by 14:14 IST on NSE, a 8.81 fold spurt over two-week average daily volume of 70.96 lakh shares. The stock rose 8.50% to Rs.68.43. Volumes stood at 14.7 lakh shares in the last session. Tata Teleservices (Maharashtra) Ltd clocked volume of 360.55 lakh shares by 14:14 IST on NSE, a 5.58 times surge over two-week average daily volume of 64.64 lakh shares. The stock gained 11.79% to Rs.47.12. Volumes stood at 30.44 lakh shares in the last session. Aegis Vopak Terminals Ltd clocked volume of 35.51 lakh shares by 14:14 IST on NSE, a 5.41 times surge over two-week average daily volume of 6.56 lakh shares. The stock gained 9.41% to Rs.217.88. Volumes stood at 14.03 lakh shares in the last session. Tata Investment Corporation Ltd recorded volume of 11.86 lakh shares by 14:14 IST on NSE, a 4.76 times surge over two-week average daily volume of 2.49 lakh shares. The stock gained 4.27% to Rs.662.80. Volumes stood at 2.22 lakh shares in the last session. First Published: Jun 12 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Motors Passenger Vehicles announced that it will increase prices of its passenger vehicle portfolio, including both internal combustion engine (ICE) and electric vehicles (EV), by up to 1.5%, effective 1 July 2026. This price revision is being undertaken to partially offset the impact of rising input costs and sustained inflationary pressures. While TMPV continues to absorb a significant portion of these increases, a part of the impact is being passed on to customers through this adjustment. The extent of the price increase will vary across models and variants, ensuring that the overall value proposition of each offering is maintained. First Published: Jun 12 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lenskart Solutions said that it has completed the acquisition of the remaining minority stake in Quantduo Technologies (GeoIQ), increasing its ownership from 92.35% to 100% through successive purchases. In a regulatory filing made post market hours yesterday, the company stated that it has acquired an additional 3% stake in Quantduo Technologies. It had acquired an additional 4.65% stake in Quantduo on 16 March 2026. The aggregate consideration paid for the acquisition of the remaining 7.65% shareholding was Rs 3.67 crore. Consequent to the aforesaid acquisitions, the aggregate shareholding of the company in Quantduo has increased from 92.35% to 100% of the fully diluted share capital of Quantduo and consequently, Quantduo has become a wholly-owned subsidiary of the company, Lenskart Solutions said in a statement. Quantduo is engaged in the business of providing advanced analytics solutions. The company had recorded turnover of Rs 10.019 crore in FY25-26. Lenskart Solutions is a technology-led eyewear company involved in designing, manufacturing, branding and retailing prescription glasses, sunglasses, contact lenses and related accessories. The company had reported an 8.49% year-on-year decline in consolidated net profit to Rs 200.29 crore in Q4 FY26, compared with Rs 218.89 crore posted in the corresponding quarter last year. However, revenue from operations surged 46.62% YoY to Rs 2,515.71 crore in the quarter ended 31 March 2026. The scrip shed 0.55% to end at Rs 500.65 on the BSE today. First Published: Jun 10 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities and Exchange Board of India (Sebi) (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 10 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee was largely flat and settled almost unchanged at Rs 95.43 per dollar, down just 2 paise on Wednesday, amid likely intervention from the Reserve Bank of India (RBI) to curb excessive volatility and prevent a further slide in the domestic unit. Rupee pared its initial losses as crude oil prices and the US dollar index retreated from their elevated levels. Indian shares gave up early gains to end little changed on Wednesday as investors weighed rising U.S.-Iran tensions and awaited key U.S. inflation data later in the day for fresh insights into market expectations for future interest rates in the face of rising energy-driven inflation risks. The BSE Sensex ended the day at 73,983.18, up by 64.42 points (0.09%), while the NSE Nifty 50 settled at 23,214.95, slipping by 27.15 points (-0.12%). First Published: Jun 10 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Short-term Indian government bond yields fell to their lowest in three months on Wednesday, steepening the yield curve to a one-year high on expectations that banks will invest funds raised under the RBI's dollar inflow measures in this segment. On Friday, the ?Reserve Bank of India unveiled steps to attract dollar inflows, including fully subsidising hedging costs on foreign currency deposits raised from non-resident Indians. The subsidy covers non-resident deposits with maturities of three to five years raised until September 30. With the RBI absorbing hedging costs, banks can convert dollar deposits into rupees more cheaply, giving them access to lower-cost funding that is expected to flow into investments, including government bonds. Yields on two- to five-year bonds have fallen by up to 30 basis points, led by the 6.36 per cent 2031 bond, which has ?accounted for about $500 million of the roughly $1 billion in foreign purchases over the past three days. "The rally is being driven by expectations that a portion of funds raised by banks under the RBI's scheme will be channeled into shorter-duration bonds," said Binod Kumar, managing director and CEO at Indian Bank. The gap between five- and 10-year yields has widened to a one-year high of 40 basis points, more than double its pre-policy level. The five-year yield has fallen more sharply than the 10-year. Ashwin Patni, ?head of wealth management solutions at Julius Baer India, said the short to medium end of the curve currently offers a more favorable risk-reward trade-off compared ?to the longer end, which remains more sensitive to global factors and fiscal dynamics. Investors expect ?a further steepening of the curve, with more inflows likely in the coming days and the up-to-five-year segment remaining in favor. "We expect incremental inflows to the ?tune of around $5 billion in the immediate future in response to these announcements, aided by tax exemptions and expectations of improved performance of INR vs other Asian currencies," ?Parul Mittal Sinha, head-markets, India and South Asia at Standard Chartered Bank, said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 10 2026 | 5:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 5:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Money market experts attributed the easing yields on government securities to heavy inflows of ?11,026.331 crore in the last four days by foreign investors in these securities under the Fully Accessible Route (FAR) Indian government bond yields dropped sharply in the last four days, with the benchmark 10-year yield falling 0.10 per cent, as Foreign Portfolio Investor (FPI) inflows picked up after the government's recent tax relief measures for debt investments. According to the data compiled by PTI, the 10-year benchmark bond yield eased to 6.911 per cent on Wednesday, from 7.024 per cent on June 3. Money market experts attributed the easing yields on government securities to heavy inflows of ?11,026.331 crore in the last four days by foreign investors in these securities under the Fully Accessible Route (FAR). FAR allows non-resident investors to invest in specified Government of India dated securities without any investment ceilings. Inflows by foreign investors started after the government on June 5 promulgated an ordinance amending the Income Tax Act to provide tax exemption on interest income and capital gains arising from the sale, exchange or transfer of government securities held by FPIs. The exemption is applicable retrospectively from April 1, 2025. The move came as the government looked to attract more foreign capital into the domestic debt market and support the rupee amid external pressures. Further, the Reserve Bank of India (RBI) announced a slew of measures in the June monetary policy to attract foreign capital to India, including expanding the universe of securities available under the FAR by including all new issuances of 15-year, 30-year and 40-year tenor government securities. An Ecowrap report from SBI's Economic Research Department said the central bank's recent measures are likely to help India attract USD 55-65 billion in inflows in the current fiscal, stabilise the rupee, and push the country's balance of payments into surplus, said an SBI research report. The RBI's February and June 2026 measures should be viewed as a coordinated attempt to stabilise the rupee, deepen the domestic debt market, attract more stable foreign capital and reduce friction for external funding, the report added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 10 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The benchmark indices erased most of their intraday gains on Wednesday as profit booking emerged at higher levels. Sentiment was weighed down by continued foreign institutional investor (FII) selling, weak global cues and renewed geopolitical tensions in West Asia. Metal stocks led the decline amid concerns over slowing global demand. After climbing to an intraday high of 23,425.35 in afternoon trade, the Nifty surrendered most of its gains and settled below the 23,250 mark. FMCG and private banking stocks provided some support, while metal and realty counters witnessed selling pressure. The S&P BSE Sensex advanced 64.42 points or 0.09% to 73,983.18. The Nifty 50 index fell 27.15 points or 0.12% to 23,214.95. Bharti Airtel (down 1.32%), Infosys (down 0.87%) and Reliance Industries (down 0.82%) were major Nifty drags today. The broader market underperformed the frontline indices. The BSE 150 MidCap Index fell 1.36% and the BSE 250 SmallCap Index shed 1.13%. The market breadth was weak. On the BSE, 1,472 shares rose and 2,748 shares fell. A total of 161 shares were unchanged. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.28% to 6.890 compared with previous session close of 6.913. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.28 compared with its close of 95.41 during the previous trading session. MCX Gold futures for 05 August 2026 settlement slumped 2.19% to Rs 149,110. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.03% to 99.85. The United States 10-year bond yield rose 0.02% to 4.530. In the commodities market, Brent crude for July 2026 settlement added 13 cents or 0.14% to $91.58 a barrel. Global Markets: US stock futures pointed to a weak start, with Dow Jones futures trading down 315 points ahead of key inflation data. European market turned lower after opening in positive territory as investors assessed renewed tensions in the Middle East and awaited the latest US consumer inflation report. Asian market ended mostly lower after the US launched what it described as "self-defence strikes" against Iran in response to the reported downing of a US military helicopter. In China, consumer inflation remained steady at 1.2% year-on-year in May, slightly below expectations of 1.3%. Food prices continued to decline, while higher transportation costs supported non-food inflation. Core inflation eased to 1.1% from 1.2% in April. On a monthly basis, consumer prices fell 0.1%. China's producer price inflation accelerated to 3.9% year-on-year in May, the fastest pace since July 2022. The increase was driven by higher energy and commodity prices, supply disruptions linked to the Iran conflict and efforts by Beijing to reduce excess industrial capacity. Geopolitical tensions escalated after US forces carried out strikes against Iran, with Washington stating the action was in response to the downing of a US Army Apache helicopter near the Strait of Hormuz. The development has raised concerns over the durability of the fragile ceasefire between the two countries. On Wall Street, the S&P 500 and Nasdaq Composite ended lower on Tuesday as gains in semiconductor stocks faded. The S&P 500 declined 0.26% to 7,386.65, while the Nasdaq Composite fell 0.97% to 25,678.82. The Dow Jones Industrial Average bucked the trend, rising 86.10 points, or 0.17%, to 50,872.11. Stocks in Spotlight: Aegis Logistics rose 2.34% to Rs 800.15 after a foreign brokerage reiterated its 'Overweight' rating on the stock and raised its target price to Rs 1,150 from Rs 1,010. Elitecon International surged 19.18% after the company announced a Rs 700 crore FMCG expansion roadmap and set a revenue target of Rs 20,000 crore by FY30. Reliance Industries (RIL) shed 0.82%. The company announced a partnership with Meta Platforms to develop an AI-enabled data centre in Jamnagar, Gujarat. RIL said it will build a 168 MW data centre for Meta, with the facility expected to be delivered within two years. The agreement also includes an option to scale up capacity in the future. Nucleus Software Exports surged 14.56% after the company announced a strategic partnership with Azentra Solusi Digital to further strengthen digital transformation capabilities for banks and financial institutions across Indonesia. KRN Heat Exchanger and Refrigeration rose 1.92% after the companys board approved an investment of Rs 235.26 crore in its wholly owned subsidiary, KRN HVAC Products (KHPL). Dixon Technologies (India) fell 1.07%. The company announced a binding term sheet with Gemtek Technology and its subsidiary Dixon Electroconnect to form a joint venture in India. Under the proposed structure, Dixon Technologies will hold a 60% stake in Dixon Electroconnect, while Gemtek will own the remaining 40%, following completion of the transaction. Dixon Electroconnect, currently a wholly owned subsidiary of Dixon, will be converted into the joint venture entity. Clean Max Enviro Energy Solutions surged 8.37% after the company announced a renewable energy partnership with Meta Platforms Inc. that will support the development of more than 900 MW of renewable energy capacity in India. Concord Biotech rose 4.60% after the company announced that it has received approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Tofacitinib Tablets in 5 mg and 10 mg strengths. Afcons Infrastructure rallied 4.61% after the company announced that it has received a Letter of Award (LoA) from Vadhvan Port Project (VPPL) for the construction of a breakwater at the upcoming Vadhvan Port in Maharashtra. JTL Industries declined 4.62%. The company received an order worth Rs 26.74 crore from Himachal Pradesh State Civil Supplies Corporation (HPSCSC) for the supply of galvanized iron (GI) pipes. Marsons fell 2.64%. The company announced that it has received an order worth Rs 33.19 crore from Vikran Engineering for the supply of inverter-duty transformers for an NTPC renewable energy project. Veranda Learning dropped 2.03%. The company signed a memorandum of understanding (MoU) with Japan-based CPA Excellent Partners (CPAEP) to collaborate on talent development, recruitment and career support for accounting and finance professionals across global markets. New Listing: Shares of CMR Green Technologies settled at Rs 247.90 on the BSE, representing a premium of 29.11% compared with the issue price of Rs 192. The stock debuted at Rs 275.40, marking a premium of 43.44% to the issue price. The stock has hit a high of Rs 275.40 and a low of Rs 247.90. On the BSE, over 38.23 lakh shares of the company were traded in the counter. First Published: Jun 10 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 10 2026 | 5:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank, Reliance Industries and ICICI Bank were the top traded contracts. The Nifty June 2026 futures closed at 23,235.50, a premium of 20.55 points compared with the Nifty's closing at 23,214.95 in the cash market. In the cash market, the Nifty 50 index fell 27.15 points or 0.12% to 23,214.95. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.36% to 15.63. HDFC Bank, Reliance Industries and ICICI Bank were the top-traded individual stock futures contracts in the F&O segment of the NSE. The June 2026 F&O contracts will expire on 30 June 2026. First Published: Jun 10 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Capital announced that its board has approved the appointment of Kamal Bhatia as the chief risk Offcier (CRO) for a period of 2 years with effect from July 1, 2026. The company has reported 42.8% rise in consolidated net profit to Rs 1,502 crore on an 8.7% increase in total income to Rs 8,163.29 crore in Q4 FY26 as compared with Q4 FY25. The counter shed 0.76% to Rs 320 on the BSE. First Published: Jun 10 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stanley Lifestyles said it has secured an order worth Rs 1.63 crore from AS Rajgopal Family Private Trust for the supply and execution of a full-home cabinetry project. The order, valued at Rs 1,62,53,048, was booked on June 9, 2026, through the company's Hosur Road SLN store, Stanley Lifestyles. According to the company, the project involves the supply and execution of full-home cabinetry products and services and is expected to be completed within six to eight weeks. Stanley Lifestyles has already received an advance payment of Rs 86,18,132, while the remaining Rs 76,34,916 will be payable before delivery as per the terms of the order. The payment structure comprises a non-refundable advance of 70% of the order value, with the balance 30% due before delivery through bank transfer. The quoted price remains valid for 120 days. The company clarified that the order has been awarded by a domestic entity and does not constitute a related-party transaction. It also said that neither the promoter, promoter group nor group companies have any interest in the awarding entity. Stanley Lifestyles, promoted by Sunil Suresh and Subha Sunil, is a super-premium and luxury furniture brand in India offering complete home solutions, including installations. The company designs, manufactures and retails its furniture products under the Stanley brand. Its product portfolio includes sofas, cabinetry and furniture for living rooms, dining rooms, family rooms, kitchens, bedrooms (including bedding products), and home offices. The company reported consolidated net loss of Rs 0.6 crore in Q4 FY26 as against Rs 10.8 crore in Q4 FY25. Revenue from operations tanked 10.09% year on year (YoY) to Rs 101.4 crore in Q4 FY26. The scrip fell 1.81% to Rs 140.85 on the BSE. First Published: Jun 10 2026 | 3:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Avalon Technologies Ltd, TD Power Systems Ltd, IFCI Ltd and Manappuram Finance Ltd are among the other losers in the BSE's 'A' group today, 10 June 2026. Avalon Technologies Ltd, TD Power Systems Ltd, IFCI Ltd and Manappuram Finance Ltd are among the other losers in the BSE's 'A' group today, 10 June 2026. Oil India Ltd tumbled 10.90% to Rs 424.2 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 6.17 lakh shares were traded on the counter so far as against the average daily volumes of 3.02 lakh shares in the past one month. Avalon Technologies Ltd crashed 7.10% to Rs 1525. The stock was the second biggest loser in 'A' group.On the BSE, 16468 shares were traded on the counter so far as against the average daily volumes of 35318 shares in the past one month. TD Power Systems Ltd lost 6.35% to Rs 1152.55. The stock was the third biggest loser in 'A' group.On the BSE, 3.55 lakh shares were traded on the counter so far as against the average daily volumes of 2.5 lakh shares in the past one month. IFCI Ltd slipped 6.30% to Rs 72.18. The stock was the fourth biggest loser in 'A' group.On the BSE, 19.16 lakh shares were traded on the counter so far as against the average daily volumes of 42.44 lakh shares in the past one month. Manappuram Finance Ltd pared 6.09% to Rs 288.5. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.66 lakh shares were traded on the counter so far as against the average daily volumes of 2.58 lakh shares in the past one month. First Published: Jun 10 2026 | 3:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Agri-Tech (India) Ltd, Orbit Exports Ltd, Shardul Securities Ltd and Creative Eye Ltd are among the other losers in the BSE's 'B' group today, 10 June 2026. Agri-Tech (India) Ltd, Orbit Exports Ltd, Shardul Securities Ltd and Creative Eye Ltd are among the other losers in the BSE's 'B' group today, 10 June 2026. Panacea Biotec Ltd crashed 9.99% to Rs 547.65 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 1.52 lakh shares were traded on the counter so far as against the average daily volumes of 75434 shares in the past one month. Agri-Tech (India) Ltd tumbled 9.97% to Rs 122.8. The stock was the second biggest loser in 'B' group.On the BSE, 7168 shares were traded on the counter so far as against the average daily volumes of 2625 shares in the past one month. Orbit Exports Ltd lost 9.47% to Rs 198. The stock was the third biggest loser in 'B' group.On the BSE, 936 shares were traded on the counter so far as against the average daily volumes of 1597 shares in the past one month. Shardul Securities Ltd shed 9.02% to Rs 27.25. The stock was the fourth biggest loser in 'B' group.On the BSE, 1367 shares were traded on the counter so far as against the average daily volumes of 1775 shares in the past one month. Creative Eye Ltd plummeted 7.95% to Rs 6.25. The stock was the fifth biggest loser in 'B' group.On the BSE, 116 shares were traded on the counter so far as against the average daily volumes of 2505 shares in the past one month. First Published: Jun 10 2026 | 3:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil India share price plunged 11% in Wednesday's trade. (Illustration: Ajaya Mohanty) First Published: Jun 10 2026 | 3:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company delivered its highest-ever business development, bookings, collections and operating cash flow in FY26 First Published: Jun 10 2026 | 2:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 2:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nulcues Software Exports surged 11.17% to Rs 778.50 after the company announced a strategic partnership with Azentra Solusi Digital to further strengthen digital transformation capabilities for banks and financial institutions across the Indonesia. The partnership marks the next phase of Nucleus Software's growth strategy in Indonesia, a market where the company has been serving banks and financial institutions for nearly two decades. The collaboration will combine Nucleus Software's globally proven lending and transaction banking platforms with Azentra's local market expertise, consulting capabilities, and implementation strengths. The collaboration will focus on enabling financial institutions to modernize end-to-end lending operations, strengthen transaction banking and cash management capabilities, improve operational efficiency, enhance customer and corporate banking experiences, and build scalable and future-ready banking ecosystems. Apurva Chamaria, chief business officer, Nucleus Software, said, Indonesia has been an important market for Nucleus Software for nearly two decades and remains one of the most promising banking markets in Southeast Asia. As financial institutions accelerate modernization initiatives across lending and transaction banking, success increasingly depends on combining global technology capabilities with strong local execution. Our partnership with Azentra reflects our long-term commitment to Indonesia and our belief that transformation is most effective when world-class platforms are complemented by deep local expertise. Together, we aim to help financial institutions build more agile, customer-centric, and future-ready banking operations." Nucleus Software Exports is a fintech company that provides lending and transaction banking solutions to banks worldwide. It serves over 200 financial institutions across 50 countries, processing more than $15 trillion in annual transactions. Its key offerings include the FinnOne Neo lending platform, the FinnAxia transaction banking suite, and digital services that support banks transformation initiatives. The companys consolidated net profit tumbled 46.66% to Rs 34.55 crore on 1.83% decline in revenue from operations to Rs 224.77 crore in Q4 FY26 over Q4 FY25. First Published: Jun 10 2026 | 2:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Afcons Infrastructure Ltd notched up volume of 237.56 lakh shares by 14:14 IST on NSE, a 36.28 fold spurt over two-week average daily volume of 6.55 lakh shares Meesho Ltd, DOMS Industries Ltd, Fertilizers & Chemicals Travancore Ltd, Chambal Fertilisers & Chemicals Ltd are among the other stocks to see a surge in volumes on NSE today, 10 June 2026. Afcons Infrastructure Ltd notched up volume of 237.56 lakh shares by 14:14 IST on NSE, a 36.28 fold spurt over two-week average daily volume of 6.55 lakh shares. The stock rose 4.75% to Rs.330.50. Volumes stood at 2.05 lakh shares in the last session. Meesho Ltd clocked volume of 1756.99 lakh shares by 14:14 IST on NSE, a 12.06 times surge over two-week average daily volume of 145.71 lakh shares. The stock lost 0.45% to Rs.165.98. Volumes stood at 111.37 lakh shares in the last session. DOMS Industries Ltd saw volume of 3.35 lakh shares by 14:14 IST on NSE, a 10.79 fold spurt over two-week average daily volume of 30991 shares. The stock increased 1.88% to Rs.2,130.10. Volumes stood at 22096 shares in the last session. Fertilizers & Chemicals Travancore Ltd notched up volume of 17.04 lakh shares by 14:14 IST on NSE, a 8.75 fold spurt over two-week average daily volume of 1.95 lakh shares. The stock rose 2.85% to Rs.901.05. Volumes stood at 77478 shares in the last session. Chambal Fertilisers & Chemicals Ltd registered volume of 40.18 lakh shares by 14:14 IST on NSE, a 6.33 fold spurt over two-week average daily volume of 6.35 lakh shares. The stock rose 4.98% to Rs.477.40. Volumes stood at 3.67 lakh shares in the last session. First Published: Jun 10 2026 | 2:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 2:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
crude oil, oil prices First Published: Jun 10 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JTL Industries has received an order worth Rs 26.74 crore from Himachal Pradesh State Civil Supplies Corporation (HPSCSC) for the supply of galvanised iron (GI) pipes. The order involves the supply of 3,425 metric tonnes of galvanised iron (GI) pipes to various divisions of Jal Shakti Vibhag across Himachal Pradesh. The execution period for the order is 60 days from the date of issuance of the supply order. The contract is domestic in nature and is a one-time supply order, the company said. JTL Industries clarified that neither its promoters nor promoter group entities have any interest in the awarding entity, nor the contract does not fall under related party transactions. The order has been awarded by HPSCSC, a state-run procurement agency responsible for civil supplies in Himachal Pradesh. Madan Mohan, Managing Director of JTL Industries, said: This order is an important addition to our order book and reflects our focus on supplying steel pipe products for infrastructure development and our ability to meet the requirements of largescale projects. Water infrastructure continues to be a major driver of demand for steel pipes in India. With ongoing investments in water supply and distribution networks across the country, we remain focused on supplying quality products for such projects. Further, at JTL, product quality and manufacturing standards remain a key focus. As a Three Star Export House, our products are backed by various international and domestic certifications, including CE, ISO 9001, UKCA, UL, ACRS and Active Fire certifications, along with compliance to multiple Indian standards such as IS 1239, IS 4923, IS 3601 and other applicable specifications. These certifications support our presence across a wide range of infrastructure and industrial applications in both domestic and international markets. Chandigarh-based JTL Industries is engaged in manufacturing of steel tubes. Its product range includes DFT structural pipes, GI pipes, MS black pipes, hollow sections, solar structures, HR coils and phosphorous bronze, copper and brass alloys, among others, which cater to various industrial and infrastructural applications. The company operates manufacturing facilities in Punjab, Maharashtra, Chhattisgarh and Himachal Pradesh (including its subsidiaries). The companys consolidated net profit jumped 104.69% to Rs 34.41 crore on 47.54% jump in revenue from operations to Rs 692.68 crore in Q4 FY26 over Q4 FY25. The scrip tanked 3.44% to Rs 71.60 on the BSE. First Published: Jun 10 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The next phase of agricultural transformation lies in increasing production, expanding food processing, storage, logistics, marketing and value addition. These activities can create millions of productive jobs while reducing food losses and increasing farmers incomes. In India, food grain production increased to more than 330 million tonnes today from 51 million tonnes in 1950-51. Processed food exports have also more than doubled over the past decade, rising to over 10 billion USD from approximately $4.9 billion. The food processing sector currently contributes around 9 % of manufacturing value added and nearly 13 % of Indias exports. Indias experience reveals how strategic policy interventions can transform agricultural value chains. Key initiatives such as the Pradhan Mantri Kisan Sampada Yojana, the Pradhan Mantri Formalization of Micro Food Processing Enterprises (PMFME) Scheme, and the Production Linked Incentive (PLI) Scheme for Food Processing Industries have strengthened infrastructure, modernized enterprises, attracted investments and improved competitiveness. Food processing currently accounts for only a small share of total employment and a large proportion of agricultural produce still remains unprocessed. Strengthening cold chains, storage facilities, logistics networks and market linkages can substantially increase value creation across the sector. To accelerate this transformation, the World Bank Group is advancing a combined approach through AgriConnect and SAPLING. AgriConnect, a global platform, aims to connect 300 million farmers to markets by 2030 through investments in infrastructure, policy reforms, and private capital mobilization. The initiative is already supporting projects and reforms across countries including India, Bangladesh, and Sri Lanka. The South Asian Policy Leadership for Improved Nutrition and Growth (SAPLING) serves as a regional platform that brings together governments, investors, development partners, and innovators to promote policy reforms, develop investment pipelines, and scale successful solutions across the region. Participants at the SAPLING High-Level Policy Dialogue highlighted the importance of coordinated action by governments, businesses, investors, and development institutions. Investors were encouraged to support cold chains, warehousing, logistics hubs, processing clusters, agro-industrial parks, and emerging agri-enterprises. Companies were urged to build integrated value chains, adopt digital technologies for traceability and quality assurance, and invest in workforce skills and capacity building. Policymakers can accelerate progress by promoting food processing zones, improving logistics infrastructure, simplifying food safety and certification systems, strengthening public-private partnerships, and creating a more investment-friendly business environment. First Published: Jun 10 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 2:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adds 2900+ new 5G sites across 77 districts Bharti Airtel announced the deployment of more than 2900+ new 5G sites across the Upper North region over the past 12 months. This expansion delivers faster speeds, wider coverage, and a superior network experience for customers. Spanning 77 districts, the rollout now provides reliable high-speed connectivity to over 28.6 million+ customers from bustling cities and fast-growing towns to remote rural villages. With more than eight new sites activated daily, users enjoy seamless streaming, rapid downloads, uninterrupted remote working and learning, and dependable digital payments, regardless of location. Customers across all districts of Punjab, Haryana, Himachal Pradesh, and Jammu & Kashmir will benefit directly from this enhanced footprint. The expanded network enables high speed 5G access for citizens, students, micro entrepreneurs, enterprises and government institutions in both urban and rural markets. First Published: Jun 10 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net profit declined 82.58% to Rs 0.23 crore in the year ended March 2026 as against Rs 1.32 crore during the previous year ended March 2025. Sales declined 91.63% to Rs 1.66 crore in the year ended March 2026 as against Rs 19.83 crore during the previous year ended March 2025. First Published: Jun 10 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Himadri Speciality Chemical stock hit life-time high in Wednesday's trade. (Representative Picture) First Published: Jun 10 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 20.49% to Rs 188.07 crore For the full year,net profit rose 6.07% to Rs 152.70 crore in the year ended March 2026 as against Rs 143.96 crore during the previous year ended March 2025. Sales rose 21.45% to Rs 709.38 crore in the year ended March 2026 as against Rs 584.08 crore during the previous year ended March 2025. First Published: Jun 10 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 10 June 2026 First Published: Jun 10 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KRN Heat Exchanger and Refrigeration rallied 4.81% to Rs 1286 after the company's board approved an investment of Rs 235.26 crore in its wholly owned subsidiary, KRN HVAC Products (KHPL). The investment will be made through the subscription of 78,41,917 equity shares of KHPL at an issue price of Rs 300 per share, comprising a face value of Rs 10 and a securities premium of Rs 290 per share. The company stated that the investment is linked to the proceeds raised through its Qualified Institutions Placement (QIP) and will be utilized by KHPL to fund its working capital requirements. KRN Heat Exchanger and Refrigeration specializes in manufacturing aluminium and copper fin and tube heat exchangers, including water coils, condenser coils, and evaporator coils. Their products are widely used by OEMs in the HVAC&R industry for heating, ventilation, air conditioning, and refrigeration applications. The companys consolidated net profit jumped 57.2% to Rs 23.36 crore on 36.48% rise in revenue from operations to Rs 179.47 crore in Q4 FY26 over Q4 FY25. First Published: Jun 10 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Project GANGA launch sends Hinduja Global Solutions shares 17% higher First Published: Jun 10 2026 | 1:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Oil Exploration Company announced that Gas sales from B-80 field has been stopped for asset integrity related maintenance. These preventive and corrective measures are being carried out to ensure the continued safe, reliable, and efficient operation of the facilities, in line with applicable safety standards and operational best practices. Oil sales continue at lower rates. First Published: Jun 10 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 1:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 1:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Veranda Learning has signed a memorandum of understanding (MoU) with Japan-based CPA Excellent Partners (CPAEP) to collaborate on talent development, recruitment and career support for accounting and finance professionals across global markets. The partnership aims to strengthen Indo-Japan cross-border talent mobility in the accounting and finance domain and create structured international career pathways for commerce students enrolled under Veranda Learnings commerce vertical. Under the agreement, the two organisations will work together on curriculum alignment, employer-led skill development, cross-border placement opportunities, digital recruitment access, employer engagement initiatives, and career support services including mentoring, counselling and interview preparation. The collaboration is expected to provide learners access to global job opportunities across Japan and other key markets including Southeast Asia, North America, Australia and the Middle East. The initiative aligns with growing bilateral cooperation between India and Japan in skills development, education and workforce mobility, aimed at facilitating movement of skilled professionals between the two countries. Kensuke Kunimi, CEO, CPA Excellent Partners, said: We are pleased to partner with J.K. Shah Classes (JKSC), a Veranda enterprise, and its distinguished commerce institutions to extend high-quality accounting and finance training and career support to a wider international talent base. Our mission is to Support people in expanding their potential and enriching their lives. This collaboration will help create strong global career opportunities for aspiring accounting professionals. Prof. J.K. Shah, Founder, JK Shah Classes, said: This partnership is a key milestone in expanding international career pathways for commerce students. By combining Verandas strong academic ecosystem with CPA Excellent Partners global expertise, we aim to further enhance professional opportunities for our learners. Mr. Suresh Kalpathi, Executive Director and Chairman, Veranda Learning Solutions, added: Our Commerce vertical has consistently delivered strong academic and career outcomes. Partnering with CPA Excellent Partners aligns with our vision of building global learning ecosystems that enable international mobility and industry-aligned talent development in accounting and finance. Veranda Learning Solutions is a leading provider of educational services in India, offering K-12 education, test preparation, vocational training, and professional certifications. Veranda Learning Solutions has reported 89% increase in net profit to Rs 15.7 crore in Q4 FY26 from Rs 8.3 crore in Q4 FY25. Revenue rose by 52% year-on-year (YoY) to Rs 132.4 crore during the period under review. Shares of Veranda Learning Solutions fell 1.01% to Rs 224.45 on the BSE. First Published: Jun 10 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Aegis Logistics rose 3.65% to Rs 811.35 on Wednesday after a foreign brokerage reiterated its 'Overweight' rating on the stock and raised its target price to Rs 1,150 from Rs 1,010. The brokerage said the LPG supply shortfall has narrowed to 30% in May from 50% in April, indicating improving supply conditions. It expects LPG availability to normalize by the second quarter of FY27. The firm noted that Aegis Logistics' diversified sourcing strategy has helped reduce its dependence on Middle Eastern supplies, strengthening supply security amid global uncertainties. The brokerage also expects EBITDA per tonne of around Rs 7,000 to remain sustainable through FY27 and FY28. Reflecting the improved outlook, it raised its earnings per share (EPS) estimates for FY27 and FY28 by 14% to 18%. Aegis Logistics is Indias leading integrated oil, gas & chemical logistics company and one of India's top Importers and Handlers of LPG amongst private players. The company operates through its necklace of liquid & gas terminals across major ports of India having a storage capacity of 15,70,000 KL for chemicals & POL and 1,14,000 MT of static capacity for LPG. On a consolidated basis, Aegis Logistics' net profit rose 45.69% to Rs 410.37 crore while net sales rose 52.16% to Rs 2594.39 crore in Q4 March 2026 over Q4 March 2025. First Published: Jun 10 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Targets revenue of Rs 20,000 cr by 2030 Elitecon International has announced a strategic roadmap to build a diversified FMCG platform targeting approximately Rs. 20,000 crore in revenue by FY2030. The company's expansion strategy is anchored on a dual-platform model comprising its international tobacco export business and a phased FMCG rollout focused on packaged foods and snacks, edible oils, and everyday household essentials. The planned FMCG expansion will be supported through the company's existing 40,000+ sq. ft. manufacturing facility in Nashik, Maharashtra together with proposed capability enhancement initiatives to be undertaken in a calibrated manner, based on commercial visibility and operational readiness. Elitecon International currently holds a USD 119 Million+ contracted tobacco order book spanning Africa and the Middle East. This includes a two-year export agreement with South Africa-based Bozza Tobacco valued at approximately INR 2.02 billion, alongside an ongoing USD 97.35 million order under execution for the Middle East through Yuvi International Trade FZE. Under its FMCG roadmap, Elitecon International has outlined an indicative capital outlay of Rs. 700 crore, with plans to build a distribution network targeting 5,000 partners and presence across 5,00,000+ retail outlets and 15+ international markets over time. The company also aims to scale a portfolio comprising 10 consumer brands and 150+ SKUs as part of the phased rollout framework. First Published: Jun 10 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of fertiliser companies advanced on Wednesday after reports suggested that the Centre may increase fertiliser subsidies this fiscal year to cushion the impact of rising global prices linked to escalating tensions in West Asia. According to media reports, the Department of Fertilisers has sought higher budgetary support as the conflict involving Iran pushes up global prices of fertilisers, natural gas and energy products. The government is reportedly considering a substantial increase in subsidy allocations to shield farmers from higher input costs. India remains heavily dependent on imports of key fertilisers such as urea and di-ammonium phosphate (DAP), as well as liquefied natural gas (LNG), a critical feedstock for domestic urea production. Any sustained rise in global energy prices could increase fertiliser production and import costs, putting pressure on subsidy requirements. First Published: Jun 10 2026 | 12:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pharma shares witnessed buying demand for two consecutive trading sessions. At 12:25 IST, the barometer index, the S&P BSE Sensex jumped 518.59 points or 0.70% to 74,438.42. The Nifty 50 index rose 136.80 points or 0.59% to 23,377.30. The broader market underperformed the frontline indices. The BSE 150 MidCap Index fell 0.27% and the BSE 250 SmallCap Index shed 0.26%. The market breadth was negative. On the BSE, 1,794 shares rose and 2,164 shares fell. A total of 208 shares were unchanged. In the commodities market, Brent crude for August 2026 settlement fell 14 cents or 0.15% to $91.31 a barrel. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 0.54% to 15.49. The Nifty 30 June 2026 futures were trading at 23,422, at a premium of 44.7 points as compared with the spot at 23,377.30. The Nifty option chain for the 30 June 2026 expiry showed a maximum call OI of 80.4 lakh contracts at the 24,000 strike price. A maximum put OI of 53.8 lakh contracts was seen at the 23,000 strike price. Buzzing Index: The Nifty Pharma index jumped 0.51% to 24,414.45. The index rose 1.1% in the straight two trading sessions. Ajanta Pharma (up 2.01%), Torrent Pharmaceuticals (up 1.22%), Aurobindo Pharma (up 1.15%), J B Chemicals & Pharmaceuticals (up 1.08%), Abbott India (up 1.03%), Cipla (up 0.87%), Ipca Laboratories (up 0.83%), Zydus Lifesciences (up 0.8%), Biocon (up 0.8%) and Alkem Laboratories (up 0.8%) surged. Stocks in Spotlight: Marsons shed 0.53%. The company announced that it has received an order worth Rs 33.19 crore from Vikran Engineering for the supply of inverter-duty transformers for an NTPC Renewable Energy project. Deccan Gold Mines declined 2.28%. The company said that it has entered into a definitive earn-in/option and shareholders agreement to acquire an initial 51% stake in Spain-based Logrosan Minera S.L. (LMSL) through an earn-in investment of EUR 1.76 million. First Published: Jun 10 2026 | 12:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 12:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Metal stocks declined up to 4% in Wednesday's intra-day deals. First Published: Jun 10 2026 | 12:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of CarTrade Tech surged 7.8% to Rs 2,362 on Wednesday, extending gains for a fourth straight session. Earlier this month, OLX India, a CarTrade Tech platform, announced that its Elite Buyer programme crossed 80,000 sign-ups in May 2026. The company said the initiative is already contributing to revenue growth and is expected to become an important long-term growth driver. OLX India plans to introduce AI-powered features, including buyer-seller matchmaking, pricing guidance and condition assessment tools, in the coming quarter. The company is also working on a hyperlocal service model aimed at helping sellers connect more quickly with serious local buyers. CarTrade Tech operates a digital marketplace ecosystem comprising platforms such as CarWale, BikeWale, CarTrade, OLX India, Shriram Automall and CarTrade Exchange. On a consolidated basis, its profit after tax jumped 53.6% YoY and 15.2% QoQ to Rs 70.85 crore in Q4 FY26. Revenue from operations stood at Rs 203.14 crore in Q4 FY26, up 19.8% YoY but down 3.1% QoQ. First Published: Jun 10 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 115.96 crore shares as against 2.16 crore shares on offer. The issue opened for bidding on 5 June 2026 and it closed on 9 June 2026. The price band of the IPO is fixed between Rs 42 and 45 per share. The non-institutional investors (NII) category was subscribed 161.49 times, the retail individual investors category was subscribed 26.85 times and the qualified institutional buyers (QIBs) portion was subscribed 19.77 times. The IPO consisted entirely of an offer for sale of 3,08,59,704 equity shares, aggregating up to Rs 138.87 crore by existing shareholders Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Aditya Kelkar and Nutan Subhash Kelkar. The company did not receive any proceeds from the offer, and all the proceeds were received by the selling shareholders in proportion to the shares sold by them. The promoters and promoter group held an aggregate of 10,98,83,804 equity shares, representing 89.4% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding stood at around 64.29%. Hexagon Nutrition is a nutrition-focused company engaged in the development and manufacturing of micronutrient premixes, wellness and clinical nutrition products, therapeutic formulations, and ready-to-use foods. It caters to both consumer and institutional markets through its branded nutrition products, premix formulations, and nutrition-focused ESG initiatives. The company owns brands such as Pentasure, Obesigo, PediaGold, and Nutrone and also supplies customized vitamin and mineral premixes to leading FMCG companies. It operates manufacturing facilities in India and Uzbekistan, exports products to over 75 countries, and has in-house R&D capabilities to support product development and innovation. Ahead of the IPO, Hexagon Nutrition on Thursday, 04 June 2026, raised Rs 41.65 crore from anchor investors. The board allotted 92.57 lakh shares at Rs 45 each to 5 anchor investors. The firm reported a consolidated net profit of Rs 27.03 crore and sales of Rs 267.59 crore for the nine months ended on 31 December 2025. First Published: Jun 10 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ashok Lahiri, vice-chairman of NITI Aayog First Published: Jun 10 2026 | 12:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Marsons announced that it has received an order worth Rs 33.19 crore from Vikran Engineering for the supply of inverter-duty transformers for an NTPC Renewable Energy project. Marsons clarified that neither the promoter/promoter group nor group companies have any interest in the awarding entity, and the contract does not fall under related-party transactions. Marsons is engaged in the business of manufacturing, trading & servicing transformers, transformer goods & other rental income. The companys consolidated net profit surged 151.6% to Rs 22.62 crore on a 66% increase in net sales to Rs 92.65 crore in Q4 FY26 over Q4 FY25. Shares of Marsons shed 0.61% to Rs 123 on the BSE. First Published: Jun 10 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Easy Trip Planners Ltd, Cartrade Tech Ltd, CCL Products (India) Ltd and Inox India Ltd are among the other gainers in the BSE's 'A' group today, 10 June 2026. Easy Trip Planners Ltd, Cartrade Tech Ltd, CCL Products (India) Ltd and Inox India Ltd are among the other gainers in the BSE's 'A' group today, 10 June 2026. Black Box Ltd spiked 10.00% to Rs 1064.95 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 77484 shares were traded on the counter so far as against the average daily volumes of 86946 shares in the past one month. Easy Trip Planners Ltd soared 7.31% to Rs 8.51. The stock was the second biggest gainer in 'A' group. On the BSE, 213.52 lakh shares were traded on the counter so far as against the average daily volumes of 24.36 lakh shares in the past one month. Cartrade Tech Ltd surged 7.25% to Rs 2350. The stock was the third biggest gainer in 'A' group. On the BSE, 1.92 lakh shares were traded on the counter so far as against the average daily volumes of 55985 shares in the past one month. CCL Products (India) Ltd advanced 6.55% to Rs 1223.6. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.35 lakh shares were traded on the counter so far as against the average daily volumes of 47063 shares in the past one month. Inox India Ltd spurt 6.53% to Rs 1795.7. The stock was the fifth biggest gainer in 'A' group. On the BSE, 46821 shares were traded on the counter so far as against the average daily volumes of 22734 shares in the past one month. First Published: Jun 10 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Deccan Gold Mines said that it has entered into a definitive earn-in/option and shareholders agreement to acquire an initial 51% stake in Spain-based Logrosan Minera S.L. (LMSL) through an earn-in investment of EUR 1.76 million. The acquisition is expected to be completed progressively by March 2027. Following completion of the earn-in, the company will have the option to increase its stake to 75% through an additional EUR 1.0 million investment, subject to milestone achievement and independent valuation. LMSL holds the 37 square kilometres Logrosan project and the 40 square kilometres Maria project in Spain. The investment proceeds will be utilized for exploration and development of these mineral assets. Under the shareholders' agreement, subsequent project funding will be undertaken on a pro-rata basis, with Deccan Gold's stake potentially increasing up to 95% through dilution of non-contributing shareholders, while the existing shareholder retains a minimum non-dilutable 5% interest. Previous exploration work at Logrosan has identified targets for tungsten, gold, tin, rare earth elements, niobium and tantalum. Earlier drilling programs intersected multiple zones of scheelite-bearing tungsten mineralization, while an ongoing drilling campaign is aimed at expanding and defining the identified mineralized zones. The transaction remains subject to regulatory approvals in India, Spain and the UK. Dr. Hanuma Prasad Modali, managing director, Deccan Gold Mines, said: "The definitive agreement for Logrosan marks another important step in Deccan Golds strategy to build a globally diversified portfolio of gold and critical mineral assets. Securing a pathway to operational control of a prospective tungsten project in Spain strengthens our exposure to a mineral that is increasingly critical to defence, advanced manufacturing, semiconductors, and industrial technologies. Logrosan complements our growing portfolio across gold and critical minerals and reinforces our commitment to building a globally relevant mining platform positioned for the opportunities of the future." Deccan Gold Mines is engaged in the business of extraction, processing & sale and exploration & development of mining assets mainly precious metals such as gold. The company had reported 47.27% fall in consolidated net profit to Rs 7.62 crore in the quarter ended March 2026 from Rs 14.45 crore during the previous quarter ended March 2025. Sales for Q4 FY26 were Rs 0.59 crore as against Rs 0.01 crore in Q4 FY25. The scrip fell 1.74% to currently trade at Rs 164.05 on the BSE. First Published: Jun 10 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian central bank likely stepped in to the foreign exchange market on ?Wednesday to support the rupee, three traders told Reuters, as maturing contracts in the non-deliverable forwards market exerted pressure on the currency. The rupee was at 95.27, up modestly ?on the day after hitting an intra-day low of 95.5625 in early trading. The Reserve Bank of India also likely paired its spot dollar sales with dollar-rupee buy/sell swaps for ?maturities over 1 year, the traders said. Both ?the spot dollar sales and swaps ?were being carried out by state-run lenders, ?likely on behalf of the RBI, one of the traders added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 10 2026 | 11:43 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 11:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 11:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Concord Biotech rose 5.38% to Rs 1,340 after the company announced that it has received approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Tofacitinib Tablets in 5 mg and 10 mg strengths. According to market estimates, the US market size for Tofacitinib tablets across both strengths is approximately $500 million. The approval is expected to enable the company to tap this market opportunity, expand its product portfolio, and support its long-term growth strategy in the US and other international markets. Concord Biotech is an R&D-driven biopharma company that manufactures Active Pharmaceutical Ingredients (APIs) through fermentation & semi-synthetic processes and finished formulations. It has a presence in more than 70 countries worldwide. The companys consolidated net profit declined 36.75% to Rs 88.79 crore on a 24.15% drop in revenue from operations to Rs 326.07 crore in Q4 FY26 over Q4 FY25. First Published: Jun 10 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 11:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BS Marketing Initiative First Published: Jun 10 2026 | 11:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Caplin Point Laboratories surged 5.18% to Rs 2,374.45 on Tuesday, extending its winning streak to a fifth consecutive session. Caplin Point Laboratories is a fully integrated pharmaceutical company with a strong presence in Latin America. The company reported a 19.32% increase in consolidated net profit to Rs 170.11 crore in Q4 FY26, compared with Rs 142.57 crore in Q4 FY25. Revenue from operations rose 19.45% to Rs 600.16 crore from Rs 502.43 crore a year earlier. For FY26, emerging markets comprising Latin America and Africa contributed 79% of revenue, while the US market accounted for the remaining 21%. Last month, Caplin Steriles, a subsidiary of the company, received final approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Foscarnet Sodium Injection (6000 mg/250 mL Infusion Bag), a generic version of Foscavir Injection. The antiviral drug is used to treat CMV retinitis in AIDS patients and HSV infections in immunocompromised individuals. According to IQVIA data, the product recorded US sales of around $15 million in the 12 months ended March 2026. First Published: Jun 10 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Afcons Infrastructure Ltd saw volume of 10.98 lakh shares by 10:46 IST on BSE, a 19.59 fold spurt over two-week average daily volume of 56033 shares Supreme Industries Ltd, JSW Infrastructure Ltd, Max Financial Services Ltd, Britannia Industries Ltd are among the other stocks to see a surge in volumes on BSE today, 10 June 2026. Afcons Infrastructure Ltd saw volume of 10.98 lakh shares by 10:46 IST on BSE, a 19.59 fold spurt over two-week average daily volume of 56033 shares. The stock increased 6.05% to Rs.334.85. Volumes stood at 18464 shares in the last session. Supreme Industries Ltd witnessed volume of 50648 shares by 10:46 IST on BSE, a 17.36 times surge over two-week average daily volume of 2917 shares. The stock dropped 0.10% to Rs.3,498.15. Volumes stood at 2469 shares in the last session. JSW Infrastructure Ltd recorded volume of 10.53 lakh shares by 10:46 IST on BSE, a 6.58 times surge over two-week average daily volume of 1.60 lakh shares. The stock gained 0.25% to Rs.283.40. Volumes stood at 96696 shares in the last session. Max Financial Services Ltd clocked volume of 94361 shares by 10:46 IST on BSE, a 5.8 times surge over two-week average daily volume of 16268 shares. The stock gained 1.26% to Rs.1,616.75. Volumes stood at 4490 shares in the last session. Britannia Industries Ltd saw volume of 50252 shares by 10:46 IST on BSE, a 4.97 fold spurt over two-week average daily volume of 10121 shares. The stock increased 1.47% to Rs.5,181.75. Volumes stood at 7096 shares in the last session. First Published: Jun 10 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The S&P 500 swung wildly before closing down 0.3%, as crashing AI shares, spiking oil prices tied to the Iran conflict, and looming Fed rate hike fears kept investors on edge. Oil prices pared their losses, though, after President Donald Trump said Iran was responsible for downing an American military helicopter near the Strait of Hormuz and that the United States must respond to the attack. High oil prices caused by the war with Iran have already created a painful acceleration of inflation for U.S. shoppers. The latest monthly updates on U.S. inflation will arrive later in the week, with one on consumer prices coming Wednesday and one on wholesale prices coming Thursday. Inflation is high enough, and the U.S. job market looks strong enough, that traders on Wall Street largely expect the Federal Reserve will have to raise its main interest rate at least once by the end of this year. Higher interest rates would keep a lid on inflation, but they would also threaten to slow the economy and undercut prices for stocks and all kinds of other investments. The average long-term U.S. mortgage rate recently hit its highest level in nine months, and high costs to borrow money could discourage the building of AI data centers that are fueling the U.S. economys growth. AI stocks tumbled after an early rally faded, with Micron Technology swinging from a 4% gain to a 10% drop before closing down 1.4% part of a volatile stretch that has its stock up threefold this year, fueling concerns it has risen too fast. Marvell Technology fell 7.6% and AMD slid 3% as the broader AI sector continued to reel from last week's industrywide sell-off, leaving investors debating whether a prolonged downturn or a healthy shake-out is underway. Despite the turbulence, several major AI players including OpenAI, which filed confidential IPO paperwork Monday are pressing ahead with U.S. listings at high valuations. The AI weakness overshadowed a broader market tailwind from falling oil prices, even as nearly three in four S&P 500 stocks finished in the green. Airline stocks flew higher after the drop in oil prices hinted at less pressure on their fuel bills. American Airlines rose 3.6%, and Delta Air Lines gained 3.8%. J.M. Smucker jumped 10.4% after reporting a stronger profit for the latest quarter than analysts expected. The company behind the Folgers, Hostess and other brands benefited from higher prices charged for coffee and sweet baked goods. Nuvalent soared 39.3% after GSK agreed to buy the biotech company for $10.6 billion. The shares of U.K.-based GSK that trade in New York added 1.2%. In stock markets abroad, indexes dipped in Europe following bigger moves in Asia. South Koreas Kospi jumped 8.2% and nearly recovered Mondays plunge of 8.3%. Its been beholden to the performance of big tech stocks like SK Hynix and Samsung Electronics. Treasury yields eased Tuesday with the fade in oil prices, relaxing some of that pressure. The yield on the 10-year Treasury fell to 4.52% from 4.56% late Monday, though its still well above its 3.97% level from before the war with Iran. First Published: Jun 10 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vijaya Diagnostic Centre announced its chief technology officer (CTO), Sai Siva Prasad, has resigned from the services of the company due to personal reasons. According to a regulatory filing, Prasad's resignation will take effect from August 8, 2026, which will be his last working day with the company. The diagnostic services provider said it places on record its appreciation for the services rendered by Prasad and acknowledged his contributions during his tenure with the company. No further details regarding his successor were disclosed in the filing. Vijaya Diagnostic Centre is one of Indias largest integrated diagnostic chains. The company offers comprehensive diagnostic services ranging from basic pathology to high-end radiology. The companys consolidated net profit jumped 37.64% to Rs 47.92 crore on 26.62% rise in revenue from operations to Rs 219.37 crore in Q4 FY26 over Q4 FY25. The scrip shed 0.32% to Rs 1,295 on the BSE. First Published: Jun 10 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FMCG stocks gained up to 3% in Wednesday's trade. First Published: Jun 10 2026 | 10:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 10:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of CMR Green Technologies were currently trading at Rs 252.10 at 10:14 IST on the BSE, representing a premium of 31.30% as compared with the issue price of Rs 192. So far, the stock has hit a high of Rs 275.40 and a low of Rs 251.40. On the BSE, over 27.34 lakh shares of the company were traded in the counter so far. The Initial Public Offer (IPO) of CMR Green Technologies received bids for 2,92,75,44,594 shares as against 2,30,43,930 shares on offer. The issue was subscribed 127.04 times. The issue opened for bidding on 3 June 2026 and it closed on 5 June 2026. The price band of the IPO was fixed between Rs 182 and 192 per share. The offer comprised a net offer for sale of up to 3,28,58,323 equity shares. The offer for sale by the selling shareholders comprised up to 49,59,428 shares by Mohan Agarwal, up to 10,00,000 shares by Gauri Shankar Agarwal HUF, up to 5,00,000 by Mohan Agarwal HUF and up to 2,63,98,895 shares by Global Scrap Processors. Ahead of the IPO of CMR Green Technologies on 2 June 2026, the company raised Rs 188.43 crore from anchor investors by allotting 98.14 lakh shares at Rs 192 each to 18 anchor investors. CMR Green Technologies (CMRG) is engaged in the recycling of non-ferrous metals and produces secondary aluminium and zinc die-casting alloys. Along with non-ferrous metals, the firm also offers aluminium billets serving automotive and non-automotive sectors. These billets, made from recycled aluminium, are raw materials used in extrusion processes to create profiles for various applications. Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield Motors, and India Yamaha Motor are the major OEM customers of the company. As on December 31, 2025, the company has 784 permanent employees and 3,956 contractual workmen. For the nine months ended 31 December 2026, the firm recorded a consolidated net profit of Rs 148.09 crore and sales of Rs 6,275.52 crore. First Published: Jun 10 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Quality Power Electrical Equipments advanced 1.74% to Rs 1160.65 after the company announced the execution of a term sheet to acquire a 100% stake in Winwin Speciality Insulators (WSIL) for an enterprise value of Rs 315 crore. The acquisition strengthens Quality Powers high-voltage product portfolio at a time when global capital deployment into transmission networks, substations, HVDC corridors, renewable-energy evacuation and grid modernization is accelerating. Bharanidharan Pandyan, joint managing director, Quality Power Electrical Equipments, said, Winwin Speciality Insulators brings together what cannot be built overnight: a high-voltage insulator manufacturing platform, the legacy of the WS Insulators brand built over six decades since 1961, global product qualifications, and a substantial industrial land parcel in one of Indias most strategic port-linked manufacturing corridors. Its automated systems and European-origin process technology provide a strong foundation on which to build a world-class insulator business. As the world invests heavily in grid expansion, renewable integration and HVDC infrastructure, we believe insulators will become an important strategic growth area for the Company. Quality Power Electrical Equipment is engaged in the business of energy transition equipment and power technologies. The companys consolidated net profit jumped 74.77% to Rs 33.94 crore in Q4 FY26, compared with Rs 19.42 crore in Q4 FY25. Revenue from operations surged 159.23% YoY to Rs 280.80 crore in Q4 FY26. First Published: Jun 10 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Quality Power Electrical Equipments today announced that it executed a term sheet to acquire 100% of the equity share capital of Winwin Speciality Insulators (WSIL), a Visakhapatnam-based manufacturer of high-voltage ceramic and polymeric insulators. The transaction is subject to customary due diligence, statutory and regulatory approvals, and other closing conditions, and is expected to be completed within three months. The acquisition strengthens Quality Power's high-voltage product portfolio at a time when global capital deployment into transmission networks, substations, HVDC corridors, renewable-energy evacuation and grid modernization is accelerating. WSIL owns and operates a fully automated insulator manufacturing facility in the Atchutapuram Special Economic Zone near Visakhapatnam, Andhra Pradesh. The facility is capable of manufacturing high-voltage ceramic insulators up to 1200 kV, with an installed capacity of approximately 18,000 MTPA, as well as polymeric insulators up to 400 kV, produced to IEC, ANSI and IS standards. It is situated on approximately 47.7 acres within a prime industrial corridor, with strategic access to both Visakhapatnam Port and Gangavaram Port. First Published: Jun 10 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At Global Brand & Leadership Conclave 2026 This recognition places Rose Merc on an international platform that celebrates organizations demonstrating strong growth potential, innovation, and leadership across industries. Being honoured at one of the most distinguished global institutions reflects the Company's steady evolution from a diversified Indian enterprise to an organisation with a growing global footprint. First Published: Jun 10 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries (RIL) gained 1.87% to Rs 1,293.35 on 10 June 2026 after the company announced a partnership with Meta Platforms to develop an AI-enabled data centre in Jamnagar, Gujarat. The project marks Meta's first built-to-suit data centre capacity in India. Meta will lease capacity from the facility to support its global infrastructure and artificial intelligence computing requirements. Under the agreement, RIL will provide end-to-end services for the project, including design, construction, utility management, renewable power supply, network connectivity and operational services. The company said the Jamnagar location offers advantages such as access to renewable energy, water availability, proximity to submarine cable landing stations on India's western coast and connectivity through Jio's fibre network. RIL added that the data centre will run on renewable energy and use desalinated seawater for cooling. Commenting on the development, Mukesh D. Ambani said the partnership highlights India's growing role in the global AI ecosystem and will help establish Jamnagar as a major destination for hyperscale AI computing. Mark Zuckerberg said the facility will support Meta's global AI infrastructure expansion while strengthening its long-term investment in India. RIL said the project aligns with the Government of India's efforts to position data centres as strategic national infrastructure and attract global AI investments into the country. RIL is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. The companys consolidated profit after tax including share of profit/(loss) of associates and JVs fell 8.9% YoY to Rs 20,589 crore in Q4 FY26. Profit before tax stood at Rs 27,195 crore, down 6.6% YoY. Gross revenue rose 12.9% YoY to Rs 325,290 crore, supported by robust momentum in its oil-to-chemicals (O2C), digital services and retail businesses. However, the oil and gas segment weighed on overall performance due to a natural decline in KG-D6 gas production. First Published: Jun 10 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NTPC Renewable Energy (NTPC REL), a wholly owned subsidiary of NTPC Green Energy, shall be developing a 250 MW Solar Power Project integrated with Battery Energy Storage System (BESS) on vacant defence land at Sitapur, Uttar Pradesh. The power generated from the project shall be utilised by various defence establishments across Uttar Pradesh. First Published: Jun 10 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dredging Corporation of India (DCI) announced that its board has approved the appointment of Jasmeet Singh Bindra, IRTS, as an additional director (promoter, non-executive and non-independent) and chairman of the company. The board also took note of the cessation of Dr M. Angamuthu as director and chairman of the company with effect from 20 May 2026. The company clarified that Bindra is not related to any director of the company. Jasmeet Singh Bindra is a 1996-batch officer of the Indian Railway Traffic Service (IRTS). He holds a B.Tech in Electronics, an MBA, and a Master's in Public Policy (MPA). During his nearly three-decade-long career, he has held several key positions across Indian Railways and the Government of India, including Senior Divisional Commercial Manager, Director (Safety), Director in the Ministry of Coal, Chief Passenger Transportation Manager; Divisional Railway Manager (Ranchi), Executive Director (Gati Shakti/Traffic) at the Railway Board, Principal Chief Commercial Manager, and Principal Chief Operations Manager (Coordination), South East Central Railway. Dredging Corporation of India is engaged in providing integrated dredging services to ports, the Indian Navy, and other maritime organizations in India. For the quarter ended March 2026, the company reported a 306.1% jump in net profit to Rs 86.91 crore compared with Rs 21.40 crore in the corresponding quarter of the previous year. Revenue increased 3.4% year-on-year to Rs 478.23 crore. The counter slipped 1.03% to Rs 1128.45 on the BSE. First Published: Jun 10 2026 | 10:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Afcons Infrastructure rallied 4.81% to Rs 330.95 after the company announced that it has received a Letter of Award (LoA) from Vadhvan Port Project (VPPL) for the construction of a breakwater at the upcoming Vadhvan Port in Maharashtra. Vadhvan Port, envisioned as India's largest public port and one of the world's biggest container ports, is designed to have a handling capacity of 23.2 million TEUs, significantly enhancing India's position in global maritime trade. Krishnamurthy Subramanian, Executive Chairman, Afcons Infrastructure Ltd, said, "This award is a testament to Afcons proven expertise in delivering complex and large-scale marine infrastructure projects. The Vadhvan breakwater project will be a strategic enabler for Indias ambition to become a global maritime hub." S. Paramasivan, Managing Director, Afcons Infrastructure, said, It is a moment of immense pride for us to secure one of the worlds landmark marine projects. This project showcases Indias growing expertise in executing complex infrastructure on a global scale. We are confident that the successful completion of this project will further strengthen our prime minister's vision of Viksit Bharat. Afcons Infrastructure, the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group. It is a well-diversified infrastructure construction company, and it has delivered projects ranging from expressways, underground and elevated metros, railways, bridges, dams, irrigation systems, hydro, water supply, ports, breakwaters, and oil & gas around the world. The company reported a consolidated net loss of Rs 88.40 crore in Q4 FY26, compared with a net profit of Rs 110.93 crore in the corresponding quarter of the previous year. Revenue from operations fell 18.9% YoY to Rs 2,613.84 crore in the quarter ended 31 March 2026. First Published: Jun 10 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Meta Platforms, Inc. (NASDAQ: META) and Clean Max Enviro Energy Solutions (CleanMax) have announced a ~900 MW renewable energy partnership in India. Together, the companies will support the development of 837 MW of new solar and wind capacity across Rajasthan and Karnataka. Combined with previously announced projects, the partnership now represents more than 900 MW of renewable energy capacity. CleanMax's renewable energy projects support Meta's efforts to add new generation to the grid, advance its goal of matching its electricity use with 100% clean and renewable energy, and will help address Meta's value chain emissions in the region. CleanMax will develop and operate 837 MW of new renewable energy capacity across Rajasthan and Karnataka, comprising large-scale solar and wind projects. Meta is purchasing 100% of the environmental attributes from these projects. First Published: Jun 10 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian stocks fell on Wednesday while oil prices surged as escalating tensions in the West Asia unsettled markets, dimming hopes for an end to the months-long war that has pushed commodities higher and stoked inflation worries. The United States launched strikes against Iran after President Donald Trump said Tehran had shot down a US Apache helicopter in the Strait of Hormuz, leaving investors on edge over a fragile ceasefire between all sides. MSCI's broadest index ?of Asia-Pacific shares outside Japan dropped 0.6 per cent. Japan's Nikkei fell 0.9 per cent while the tech-heavy South Korean KOSPI slumped 2 per cent in a volatile week where AI stocks have come under pressure. Oil prices climbed about 1 per cent in early trade, moving away from a seven-week low touched in the previous session in the wake of the fresh US attacks. Brent futures rose 0.9 per cent to $92.29 a barrel, while US West Texas Intermediate WTI crude climbed 0.8 per cent to $88.97. "Geopolitics is being treated as a headline risk, not a macro shock for now," said Charu Chanana, chief investment strategist at Saxo in Singapore. "Oil holding around $90 despite fresh Iran headlines suggests markets are not pricing a sustained supply disruption. That leaves room for a bigger repricing if energy infrastructure, shipping routes or US involvement escalate." US stocks overnight slid as a tech rebound fizzled, with AI valuation worries, West Asia tensions and rising rate bets driving investors from risk. Investor focus will be on the US inflation ?data later on Wednesday to gauge the impact of the war, with a Reuters survey of economists predicting that inflation likely increased 4.2 per cent in the 12 months through May in what would be the largest annual rise in the CPI since April 2023. A stronger-than-expected jobs report on Friday increased bets that the Federal Reserve will hike interest rates this year. Traders have now fully priced in a 25-basis-point hike in December versus expectations of two rate cuts before the war. "If CPI today is hot, it will be much harder for the Fed to sound relaxed next week," said Saxo's Chanana. "The Fed probably cannot hike aggressively into a pure supply shock, but it also cannot ignore inflation expectations if oil keeps rising." The euro was at $1.1537 while sterling fetched $1.337 as the US dollar held firm. The yen changed hands at 160.38 per dollar, near the ?160 level widely seen as a line in the sand for potential official intervention. Japan's wholesale inflation accelerated in May at the fastest pace in three years as price pressures from the war broadened, data showed on Wednesday, adding to the case for further interest rate hikes by the ?Bank of Japan. A rate hike from the BOJ at the June 16 policy meeting is now almost fully priced in, with analysts saying persistent weakness ?in the yen and a hawkish shift from the Fed could compel the BOJ to accelerate its own rate hikes. "The market can usually absorb geopolitical noise rather well when energy prices stay contained," said Anthony Saglimbene, chief market strategist at Ameriprise. "It has less room ?for comfort when oil prices, inflation data, and Fed policy all lean in a direction that becomes less supportive of stocks over the near term. This is the risk we see building in the market right now." That risk is being felt in emerging markets where Bank ?Indonesia on Wednesday increased interest rates in a surprise off-cycle meeting to prop up the fragile rupiah just weeks after BI surprised markets with a jumbo hike. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 10 2026 | 9:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries (RIL) today announced a partnership with Meta Platforms, Inc. (Meta) for a data centre project in Jamnagar, Gujarat. RIL will develop a data center with 168 MW capacity to be delivered within two years, with an option to scale. This is the first built-to-suit data centre capacity in India for Meta and represents a significant milestone in India's emergence as a global hub for AI infrastructure. Meta will lease capacity from the facility, marking a significant milestone in Meta's global infrastructure expansion and deepening the long-standing strategic partnership with Reliance one that spans connectivity, commerce, and AI innovation in one of the world's most dynamic digital markets. The data center will serve Meta's global infrastructure, supporting its core business and AI compute needs, underscoring India's growing role in the worldwide digital and AI ecosystem. Under the agreement, RIL will provide comprehensive end-to-end services spanning the entire lifecycle of the data centre from design and construction to the ongoing management of utilities, renewable power supply, network connectivity, and fully managed operational services. This positions RIL as a single-window solutions provider for hyperscale AI infrastructure in India. The strategic location in Gujarat offers significant advantages for large-scale data centre operations, including delivery capability, renewable energy, water availability, proximity to India's western submarine cable landing stations and Jio's extensive fibre network. The data center will be powered by renewable energy and cooled with desalinated seawater, demonstrating both RIL's and Meta's commitment to sustainability. First Published: Jun 10 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 9:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities in F&O Ban: Amber Enterprises India and Kaynes Technology India shares are banned from F&O trading on 10 June 2026. Stocks to Watch: KRN Heat Exchanger and Refrigeration announced an investment of ?235 crore in its subsidiary, KRN HVAC Products. The funds, raised through a Qualified Institutional Placement (QIP), will be utilized for working capital requirements. Patanjali Foods informed exchanges that it has received a notice from the Maharashtra FDA regarding allegedly misleading juice advertisements and promotional labeling. The company clarified that no monetary penalty has been imposed. Bharti Airtel stated that the Bombay High Court allowed its petition and set aside a demand notice of ?8,414 crore. The demand included an OTSC-related claim of Rs 473.7 crore pertaining to its subsidiary, Bharti Hexacom. Dixon Technologies announced that it has signed a binding joint venture term sheet with Gemtek to manufacture optical transceivers and networking equipment for the data center and telecom ecosystem. Dixon will hold a 60% stake in the venture, while Gemtek will own the remaining 40%. Glenmark Pharmaceuticals released an investor presentation outlining its ambition to become a leading global innovation-driven pharmaceutical company, with a focus on achieving leadership positions in respiratory therapies and injectable products within the U.S. generics market. Bharti Hexacom received significant relief after the Bombay High Court set aside a spectrum charge demand of Rs 473.7 crore. Dredging Corporation of India announced that its board has approved the appointment of Jasmeet Singh Bindra as an Additional Director and Chairman. PNB Housing Finance approved the allotment of Non-Convertible Debentures (NCDs) worth Rs 500 crore. Afcons Infrastructure announced that it has secured a Letter of Acceptance (LoA) worth Rs 5,301 crore for the Breakwater Project at Vadhvan Port. HCLTech launched a new Cybersecurity Fusion Center in Ontario to expand its cybersecurity capabilities and strengthen its presence in Canada. Newgen Software Technologies announced that Virender Jeet will step down as CEO effective 31 August 2026, citing personal and professional reasons First Published: Jun 10 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 1.73% to Rs 320.08 crore For the full year,net profit rose 10.51% to Rs 596.04 crore in the year ended March 2026 as against Rs 539.33 crore during the previous year ended March 2025. Sales rose 8.85% to Rs 1239.15 crore in the year ended March 2026 as against Rs 1138.42 crore during the previous year ended March 2025. First Published: Jun 10 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 39.53% to Rs 9.76 crore For the full year,net profit declined 42.84% to Rs 5.75 crore in the year ended March 2026 as against Rs 10.06 crore during the previous year ended March 2025. Sales declined 3.48% to Rs 114.38 crore in the year ended March 2026 as against Rs 118.51 crore during the previous year ended March 2025. First Published: Jun 10 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 2.18% to Rs 506.58 crore For the full year,net profit declined 48.37% to Rs 35.75 crore in the year ended March 2026 as against Rs 69.24 crore during the previous year ended March 2025. Sales declined 6.08% to Rs 2035.36 crore in the year ended March 2026 as against Rs 2167.16 crore during the previous year ended March 2025. First Published: Jun 10 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Around 97 per cent of Indian businesses now experience external disruptions like climate shocks, infrastructure pressures and public-health outbreaks as a constant operational reality | Illustration: Binay Sinha A significant majority of Indian businesses report that external disruptions, such as climate shocks, infrastructure issues, and public health outbreaks, are impacting their ability to attract and retain talent, according to a report released on Tuesday. Nearly 50 per cent reported that disruptions already affect their ability to attract and retain talent, signalling that what began as a productivity issue has become a labour market concern, the Adecco India External Disruptions and Workforce Productivity Report said. The findings of the report are based on responses from 1,044 employers across Delhi-NCR, Mumbai, Chennai, Hyderabad and Bengaluru. Around 97 per cent of Indian businesses now experience external disruptions like climate shocks, infrastructure pressures and public-health outbreaks as a constant operational reality, according to the report. The report revealed that for organisations, the impact from these disruptions ranges from lower productivity, rising absenteeism and temporary shutdowns to increased operational costs and hiring strain. "India's employers are no longer just managing disruption; they are redefining resilience in one of the world's most complex workforce markets. With 95 per cent of employers prioritising business continuity, and morale decline already impacting major hubs like Bengaluru (48 per cent) and Hyderabad (44 per cent), the human cost of disruption is becoming impossible to ignore. "One in two employers report talent attraction challenges, while one in four cite severe hiring impact, with pressure most acute in Delhi NCR's services and IT sectors," Adecco India Country Manager Sunil Chemankotil said. Critically, 32 per cent of employers still lack visibility into which workforce segments face the highest risk, accelerating the need for stronger workforce intelligence, mental health support, flexible work models and wellness infrastructure as core continuity strategies, he said. India's next phase of workforce growth will depend on how effectively organisations translate ambition into resilience, he added. According to the report, reverse migration has accelerated in recent years, with 30-35 per cent of the remote workforce choosing to live and work from tier II and III cities. This shift is led by the technology sector, with demand for remote and hybrid roles in non-metro locations growing 30 per cent year-on-year, followed by sectors like BFSI (20-25 per cent), Healthcare and Life Sciences (15-20 per cent), and e-commerce and Retail (15-18 per cent). The report also found that this trend is being driven increasingly by younger professionals, with 50-55 per cent of those under 35 citing better quality of life and closer proximity to family as more important factors than higher salaries in metropolitan cities when deciding to relocate. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 10 2026 | 8:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to Watch today: IndiGo, Afcons, Bharti Hexacom, JSW Infra, NTPC First Published: Jun 10 2026 | 8:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HCL Technologies announced that it has launched its Cybersecurity Fusion Center (CSFC) in Mississauga, Ontario, aiming to strengthen its cybersecurity capabilities in Canada. As Canada prioritizes cybersecurity to protect enterprises and citizens in the digital age, the center addresses data sovereignty requirements, strengthening protection against ongoing risks through pre-emptive, resilient and locally supported cybersecurity capabilities. Stephen Crawford, Minister of Public and Business Service Delivery and Procurement, said, The launch of HCLTechs Cybersecurity Fusion Center in Mississauga is a strong step for Ontarios leadership in cybersecurity and digital innovation. This investment will help protect Canadian businesses and infrastructure while creating good jobs and strengthening our digital economy. Jagadeshwar Gattu, President, Digital Foundation Services, HCLTech, said, Our Cybersecurity Fusion Center in Mississauga reflects our strategic commitment to building resilient digital ecosystems for clients in Canada. As cyber threats grow more sophisticated in an AI-led landscape, this center strengthens our ability to deliver intelligence-led security operations that help enterprises anticipate threats, recover faster and build total resilience while contributing to Canadas position as a global hub for cybersecurity and technology innovation. HCL Technologies (HCL) empowers global enterprises with technology for the next decade, today. HCL offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P). The company reported 6.4% fall in consolidated net income to Rs 4,488 crore as revenues rose by 0.3% to Rs 33,981 crore in Q4 FY26 as compared with Q3 FY26. For FY27, the company expects revenue to grow by 1.0% to 4.0% YoY while the Services revenue growth is expected to be between 1.5% and 4.5% YoY in CC terms. The counter shed 0.39% to settle at Rs 1146 on the BSE. First Published: Jun 10 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 7:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 7:43 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The index witnessed a mixed trend, with 12 constituents posting gains. The combined market capitalisation of the companies stood at over ?11.5 trillion for the second straight month First Published: Jun 10 2026 | 7:30 AM IST In this article : This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 7:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 10 2026 | 6:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajaya Mohanty First Published: Jun 10 2026 | 6:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 10 2026 | 12:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The modest increase in shareholder payouts during FY26 was driven entirely by a surge in share buybacks, while equity dividends declined marginally. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Electric PV sales jumped 81 per cent Y-o-Y to 26,682 units in May, taking EV penetration in the segment to 6.6 per cent from 4.5 percent a year earlier. First Published: Jun 09 2026 | 11:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Electric PV sales jumped 81 per cent Y-o-Y to 26,682 units in May, taking EV penetration in the segment to 6.6 per cent from 4.5 percent a year earlier. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 09 2026 | 11:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 09 2026 | 10:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 09 2026 | 10:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India’s securities market has historically operated through a layered regulatory architecture. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 09 2026 | 10:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mutual Fund Taxation: Mutual funds also help investors avoid risks that are part and parcel of the stock market. (Illustration: Binay Sinha) Investors should keep ready the following documents and pieces of information before filing the return: First Published: Jun 09 2026 | 10:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 09 2026 | 9:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A 100 per cent hike would take the fertiliser subsidy to a record high of Rs 3.4 trillion in FY27. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 09 2026 | 8:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's tea exports touched a record high of 282.11 million kg (mkg) in 2025-26, the highest ever recorded by the country, according to Tea Board Deputy Chairman C Murugan This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 09 2026 | 7:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BHEL had a strong quarter in Q4FY26, with revenues of Rs 12,300 crore, up 37 per cent year-on-year (Y-o-Y). This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani Energy Solutions has executed a binding securities purchase and subscription agreement (SPSA) to acquire a 100% equity stake in IntelliSmart Infrastructure, a leading smart metering JV between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL). The proposed acquisition will strengthen AESL's position as India's largest smart metering platform with over 4.7+ crore smart meters. The proposed Rs 3,050 crore transaction includes acquisition of the 100% of the equity share capital of IntelliSmart and redemption of the optionally convertible debentures of IntelliSmart held by NIIF. The transaction closing is subject to regulatory and other customary approvals. IntelliSmart is one of India's leading owners and operators of smart meter assets, with a total portfolio of 2.2+ crore meters across Uttar Pradesh, Gujarat, Madhya Pradesh, Bihar and Assam. IntelliSmart's presence across high-growth consumer markets provides a strong runway for future expansion. The acquisition is in line with AESL's strategy to pursue value-accretive growth through both organic and inorganic opportunities. The acquisition is expected to deliver synergies through economies of scale, optimisation of operations and maintenance costs, and integration with AESL's broader energy and infrastructure platform. First Published: Jun 09 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 09 2026 | 7:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 09 2026 | 7:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The project involves building two outer container handling berths and taking over existing 5 berths at NSD with a combined capacity to handle 0.93 million TEUs (equivalent to 13 million tonnes per annum) of containers and multipurpose cargo. First Published: Jun 09 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The government on Tuesday said it has published rules for setting up coal exchanges, a move aimed at bringing transparency and efficiency to the country's coal trading ecosystem and modernising the supply chain. Coal exchanges are expected to enable transparent, market-driven price discovery, boost efficiency and give coal producers - including commercial and captive miners - easier access to a wider pool of buyers. Public sector players can also use the platform to increase market participation. "The recently enacted Mines and Minerals (Development and Regulation) Amendment Act, 2025 introduced the concept of a mineral exchange and empowered the central government to promote transparent and efficient trading of minerals, including coal and its processed forms. In pursuance of the above, the Coal Exchange Rules, 2026 have been published by the Ministry of Coal in the Official Gazette on June 4," the coal ministry said in a statement. The ministry has already designated the Coal Controller Organisation (CCO) in December 2025 as the authority responsible for registering and regulating coal exchanges. Eligible entities will be authorised by CCO to establish and operate coal exchanges, frame market rules and bye-laws, and facilitate coal trading. Registrations will be granted for 25 years. "The coal exchange initiative reflects the government's commitment to enhancing ease of doing business, promoting transparency, and building a modern, self-reliant energy ecosystem. By creating a more competitive and efficient coal market, the reform is expected to strengthen energy security, support industrial growth, and contribute significantly to the vision of Viksit Bharat through sustainable economic development and a future-ready energy sector," the statement said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 09 2026 | 5:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 09 2026 | 5:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 09 2026 | 5:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee closed stronger on Tuesday on a fall in oil prices, with expectations that regulatory measures will help India narrow its balance of payments deficit chipping away at the currency's bias towards persistent weakness. The rupee closed ?at 95.35 per dollar, up 0.4% from its close in the previous session. Asian currencies were mostly stronger as well, helped along by a drop of about 2% in Brent crude prices after Iran and Israel said on Monday that they had halted attacks on each other after an appeal from U.S. President Donald Trump. Tehran has continued to block most shipping through the Strait of Hormuz, which carried a fifth of the world's crude oil and liquefied natural gas before the war. Washington has imposed its ?own blockade of Iranian ports. Elevated oil prices have raised the risks confronting India's economy. While the country has announced a flurry of measures to contain the impact on the rupee and foreign exchange reserves, the latest of which were from the Reserve Bank of India on Friday, analysts say the broader drag on economic growth, inflation and government finances is set to increase as long as oil prices remain elevated. "We think the measures announced by the RBI will help to ?alleviate some of the pressure on the INR and help to eliminate BoP vulnerabilities. Nonetheless, the current account deficit remains heavily oil-driven," analysts at ?Barclays said in a note. The rupee is likely to be on a depreciating path ?in the weeks and months ahead, albeit at a much more gradual pace than in past months, the note said. Elsewhere, shares of Indian banks gained ?on Tuesday after the country's central bank extended a subsidised forex swap facility to overseas foreign currency borrowings by lenders. The Nifty bank index rose 2% and ?the broader Nifty 50 was up 0.5%. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 09 2026 | 5:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Datum Intelligence report: · 73% of platforms deploy forced action designs while 69% continue using drip pricing tactics, even as the CCPA imposed ?44 lakh in penalties during its January 2026 crackdown · Flipkart emerged as the only platform where distrust (41%) exceeds trust (37%) index · Cleartrip ranks among the most harmful platforms, while MakeMyTrip is perceived as the safest, with a net positive trust deficit. · Updating the Dark Patterns definition is the need of hour that can reduce burden on regulators and benefit consumers with better offers. First Published: Jun 09 2026 | 5:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 09 2026 | 5:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Key equity benchmarks rebounded on Tuesday, supported by lower crude oil prices, positive global cues and strong gains in banking stocks. Brent crude slipped below $93 per barrel as tensions between Israel and Iran eased, helping alleviate concerns over inflation and India's import bill. Global sentiment remained constructive, aided by a recovery in technology stocks across major markets. Banking shares outperformed after the RBI announced operational details of its forex swap facilities for FCNR(B) deposits, external commercial borrowings and overseas foreign currency borrowings. The measures are expected to encourage overseas fund-raising and lower hedging costs. The Nifty ended above the 23,200 mark, led by gains in banking and financial services stocks. The S&P BSE Sensex advanced 394.50 points or 0.54% to 73,918.76. The Nifty 50 index rose 119.10 points or 0.52% to 23,242.10. The Nifty fell 1.25% in the previous two sessions. State Bank of India (up 2.11%), ICICI Bank (up 1.98%) and Axis Bank (up 1.92%) boosted the Nifty today. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 1.24% and the BSE 250 SmallCap Index added 1.39%. The market breadth was strong. On the BSE, 2,782 shares rose and 1,423 shares fell. A total of 207 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slumped 8.53% to 15.58. RBI's Forex Swap Measures: The RBI detailed two dollar-rupee swap facilities announced by Governor Sanjay Malhotra in the monetary policy statement on 5 June 2026. Under the first scheme, the RBI introduced a US Dollar-Rupee forex swap facility for eligible ECBs raised by public sector undertakings and overseas foreign currency borrowings raised by authorised dealer category-I banks. The facility will be available for borrowings with a minimum maturity of three years and will remain open for eligible inflows received up to 31 December 2026. Banks can sell US dollars to the RBI and simultaneously agree to buy them back at the end of the swap period. The swap will be priced at a fixed rate of 1.5% per annum, compounded semi-annually, with a maximum tenor of five years. In a separate measure, the central bank launched a forex swap facility for fresh FCNR(B) deposits mobilised by banks. The facility covers deposits with maturities ranging from three to five years and will remain open for deposits raised up to 30 September 2026. The FCNR(B) swap facility will be conducted at par, allowing banks to swap foreign currency inflows with the RBI while maintaining exposure to the underlying deposits. The scheme is expected to encourage foreign currency inflows and strengthen liquidity conditions. Numbers to Track: The yield on India's 10-year benchmark federal paper slipped 0.62% to 6.906 compared with previous session close of 6.949. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.4100 compared with its close of 95.6100 during the previous trading session. MCX Gold futures for 05 August 2026 settlement added 0.01% to Rs 154,789. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.27% to 99.75. The United States 10-year bond yield rose 0.13% to 4.558. In the commodities market, Brent crude for July 2026 settlement lost $1.74 or 1.85% to $92.51 a barrel. Global Markets: US Dow Jones futures were up 109 points, indicating a positive start for Wall Street later today. European indices traded higher on Tuesday as easing tensions in the Middle East improved risk appetite. Investors also awaited the European Central Bank's interest rate decision due later this week. Asian shares mostly ended in the green, supported by a rebound in semiconductor and artificial intelligence-related stocks after sharp declines in recent sessions. Reduced geopolitical tensions in the Middle East further boosted sentiment. South Korea's KOSPI led regional gains after chipmakers recovered from the previous session's sell-off. Chinese equities also advanced after stronger-than-expected trade data for May. China's exports rose 19.4% YoY to a record $376.78 billion in May 2026, exceeding market expectations and marking the fastest growth since February. Growth was driven by robust demand for semiconductors and AI-related hardware, as well as inventory build-up ahead of anticipated energy price pressures. For the January-May period, exports increased 15.5% YoY to $1.71 trillion. Iran on Monday suspended military strikes against Israel but warned it could resume attacks if Israeli operations in Lebanon continue. Israeli Prime Minister Benjamin Netanyahu later said the conflict involving Iran and Hezbollah was "not yet over". Overnight, US markets ended mixed. The S&P 500 and Nasdaq Composite advanced as semiconductor stocks rebounded from Friday's sell-off and investors monitored efforts by President Donald Trump to preserve a fragile ceasefire between Iran and Israel. The S&P 500 gained 0.30% to close at 7,405.73, while the Nasdaq Composite rose 0.86% to 25,929.66. The Dow Jones Industrial Average fell 80.77 points, or 0.16%, to end at 50,786.01. Stocks in Spotlight: Motilal Oswal Financial Services surged 5.25% to Rs 867.50 after HDFC Life Insurance Company acquired a 0.30% stake in the company through a block deal on Monday, 8 June 2026. According to NSE block deal data, HDFC Life Insurance purchased 18.20 lakh shares of Motilal Oswal Financial Services at Rs 842.50 per share. Redington jumped 4.69% after Apple announced major software and artificial intelligence upgrades at its annual Worldwide Developers Conference (WWDC). Traders often view major Apple product and software announcements as positive for Redington due to its exposure to Apple's hardware ecosystem and sales growth in India. Aye Finance climbed 8.68% after the companys board approved raising up to $15 million through issuance of non-convertible debentures (NCDs) on a private placement basis. The company will issue senior, secured, rated, listed, redeemable and transferable NCDs with a face value of Rs 1 lakh each for cash at par. The fundraising amount will be equivalent to up to $15 million in Indian rupee terms. JNK India surged 15.70% after the company received a large order from CC7 Emirates Engineering Solutions L.L.C., UAE for the supply of waste gas handling systems. According to the companys classification, a large order is valued between Rs 100-300 crore. Grasim Industries advanced 1.49% after the companys board approved capex of Rs 3,094 crore for the expansion of Lyocell, third-generation Cellulosic Staple Fibre (CSF) capacity at Harihar, Karnataka. SML Mahindra advanced 1.98% after the company reported an 11.64% year-on-year increase in commercial vehicle (CV) sales to 1,678 units in May 2026, compared with 1,503 units sold in May 2025. Ratnaveer Precision Engineering added 2.88% after the company announced that its board is scheduled to meet on Thursday, 11 June 2026 to consider raising funds via equity shares through various modes. Avantel rose 4.35% after the company secured a contract worth Rs 9.94 crore from the Defence Research and Development Organisation (DRDO), under the Ministry of Defence for the development and testing of satellite terminals for GSAT. Marsons rose 2.29% after it had secured an order worth Rs 9.48 crore from West Bengal State Electricity Transmission Company (WBSETCL) for the repair, inspection and testing of power transformers. VA Tech WABAG surged 2.72% after it had secured a design-and-build contract for the proposed Ajman Sewage Biorefinery Plant Phase 3 in the United Arab Emirates (UAE) from Ajman Sewerage (Private) Company. IRB Infrastructure Developers shed 0.68%. The company, along with its two sponsored Infrastructure Investment Trusts (InvITs), reported a 25.30% year-on-year increase in toll revenue for May 2026. JSW Steel shed 0.08%. The company reported consolidated crude steel production of 22.93 lakh tonnes in May 2026, registering a 15% year-on-year increase compared with 19.96 lakh tonnes produced in May 2025. IPO Update: Hexagon Nutrition received bids for 1,14,24,50,073 shares as against 2,16,02,008 shares on offer, according to stock exchange data at 16:25 IST on Tuesday (9 June 2026). The issue was subscribed 52.89 times. The issue opened for bidding on 5 June 2026 and it will close on 9 June 2026. The price band of the IPO is fixed between Rs 42 to Rs 45 per share. First Published: Jun 09 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 09 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 09 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India VIX declined 8.53% to 15.58. The Nifty June 2026 futures closed at 23,347, a premium of 104.9 points compared with the Nifty's closing at 23,242.10 in the cash market. In the cash market, the Nifty 50 index rose 119.10 points or 0.52% to 23,242.10. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 8.53% to 15.58. HDFC Bank, State Bank of India and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE. The June 2026 F&O contracts will expire on 30 June 2026. First Published: Jun 09 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's sharp increase in gold import tariffs is fuelling a resurgence in smuggling that could exceed 100 metric tons this year, as soaring grey market margins allow smugglers to undercut banks and refiners of the precious metal, industry officials and bullion dealers said. India, the world's biggest gold market after China, more than doubled import tariffs to 15 per cent in May to curb demand, cut the ?trade deficit and ease pressure on the rupee. But the move has created an opportunity for smugglers who are able to offer prices legitimate importers cannot match, they said. The grey market discount has gone beyond $200 per ounce, or more than 4 per cent , said a Mumbai-based bullion division head at a private gold importing bank, adding that banks were unable to offer even a $10 discount, let alone one of three digits. He declined to be named because he was not authorised to speak to media. The recent resurgence in the grey market suggests illegal imports could exceed 100 tons in 2026, said another dealer who also declined to be identified because he was not authorised to speak to the media. Four other dealers interviewed by Reuters shared the view that illegal gold imports could exceed 100 tons in 2026. At current prices, 100 ?tons of gold would be worth about $14.35 billion, implying roughly $2.65 billion in lost tariffs and sales tax. Smugglers can offer steep discounts because they do not pay taxes on gold, including import tariffs and goods and services tax that total 18.45 per cent , the bullion dealers said. "There's a margin of more than 2.5 million rupees ($26,121.25) on bringing in a one-kilo bar, which is roughly the size of an iPhone. It is natural that people will try to make quick bucks," the second dealer said. "Even if grey-market operators sell at a 4 per cent discount, they are still making a killing," said a Kolkata-based bullion dealer. Gold smuggling fell from 156.1 tons in 2023 to 69.2 metric tons the following year, and declined further in 2025 to 20.4 tons after ?India cut import duties on gold. Before the duty cut, an average of 108 metric tons of the precious metal was smuggled into the country each year over the previous decade, according to data compiled by the World Gold Council. India imported 45.6 tons ?of gold in April, but imports may have halved in May as banks and refiners scaled back overseas purchases amid deep discounts, ?said a Hyderabad-based bullion dealer. Hefty discounts in the grey market have disrupted legal trade, pushing domestic discounts on legal gold to more than $100 an ounce as stocks imported before the duty hike are sold at steep discounts, making refining ?uneconomical, said James Jose, managing director of refiner CGR Metalloys. New Delhi levies a 0.65 per cent lower import duty on gold dore, a semi-pure alloy, than on refined gold, but the alloy has also been affected by the tariff change. "Gold refiners typically operate ?on margins of around 0.65 per cent . With discounts now well above that level, refiners have little incentive to import dore," Jose said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 09 2026 | 4:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian consumers are losing an estimated ?25,000 crore to ?28,000 crore annually due to deceptive interface designs, commonly known as dark patterns, across online marketplaces, according to a report. The 'Dark Patterns in India's Online Marketplaces' report, released by market research firm Datum Intelligence on Tuesday, said 88 per cent of the country's 304 million online buyers lose approximately ?78 to ?87 per month each to hidden charges, forced add-ons, drip pricing, false urgency rules and subscription traps. "Existing regulatory interventions have so far had limited success in curbing deceptive digital practices that continue to impact millions of consumers," the report noted. The survey found that 63 per cent of online payment users now experience hidden charges or drip pricing-where additional fees are revealed at the checkout stage. This marks an increase from the 52 per cent reported in 2024. Furthermore, 73 per cent of the platforms assessed deploy forced action mechanisms, compelling users into actions they might not otherwise choose. The study analysed 12 leading platforms across e-commerce, quick commerce and online travel. The survey was conducted in the first quarter of 2026 among 2,590 consumers across 50 cities. Among e-commerce platforms, Amazon emerged as the most trusted, with 50 per cent of users naming it their preferred choice. In contrast, Flipkart was the only platform where distrust (41 per cent) exceeded trust (37 per cent), a gap the report attributed to higher per-encounter 'financial extraction'. In the online travel sector, MakeMyTrip was perceived as the safest, while Cleartrip ranked among the most harmful. In the quick commerce segment, BigBasket recorded one of the highest severity scores, the report added. The study also highlighted an "awareness paradox" among Indian shoppers. While 81 per cent of respondents said they were aware of dark patterns, 85 per cent still reported being misled by them. However, 74 per cent of online shoppers indicated a willingness to pay more for platforms that commit to fair and transparent design practices. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 09 2026 | 4:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vijaya Diagnostic Centre announced the resignation of its chief financial officer (CFO), Ankit Shah. According to the company's regulatory filing, Shah will cease to hold the position on or before July 24, 2026. The company did not disclose the reason for the resignation in the filing. Further details regarding the appointment of a new CFO are awaited. The disclosure was made in compliance with regulatory requirements under stock exchange listing norms. Vijaya Diagnostic Centre is one of Indias largest integrated diagnostic chains. The company offers comprehensive diagnostic services ranging from basic pathology to high-end radiology. The companys consolidated net profit jumped 37.64% to Rs 47.92 crore on 26.62% rise in revenue from operations to Rs 219.37 crore in Q4 FY26 over Q4 FY25. The scrip shed 0.09% to Rs 1305.90 on the BSE. First Published: Jun 09 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KNR Construction announced that it has received letter of acceptance (LoA) from Malkajgiri Municipal Corporation for the construction of a flyover project in Hyderabad, Telangana. Hyderabad-based KNR Constructions operates in the infrastructure sector, undertaking projects across highways, flyovers, bridges, irrigation, urban water management and urban development. The companys consolidated declined 23.72% to Rs 106.20 crore on 28.67% fall in revenue from operations to Rs 695.59 crore in Q4 FY26 over Q4 FY25. The counter rose 0.20% to settle at Rs 127.10 on the BSE. First Published: Jun 09 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ministry of Coal has stated that the introduction of Coal Exchanges marks a paradigm shift in coal marketing by moving from the traditional "one-to-many" sales model to a competitive "many-to-many" trading platform. In a significant step towards modernizing India's coal supply chain, the Government has paved the way for the establishment of Coal Exchanges in the country. The recently enacted Mines and Minerals (Development and Regulation) Amendment Act, 2025 introduced the concept of a Mineral Exchange and empowered the Central Government to promote transparent and efficient trading of minerals, including coal and its processed forms. In pursuance of the above, the Coal Exchange Rules, 2026 have been published by Ministry of Coal in the Official Gazette on 04.06.2026. To facilitate this initiative, the Ministry of Coal has already designated the Coal Controller Organisation (CCO) in December 2025, as the authority responsible for registering and regulating Coal Exchanges. Eligible entities will be authorized by CCO to establish and operate Coal Exchanges, frame market rules and bye-laws, and facilitate coal trading. Registrations will be granted for a period of 25 years. The introduction of Coal Exchanges marks a paradigm shift in coal marketing by moving from the traditional "one-to-many" sales model to a competitive "many-to-many" trading platform. This will enable transparent and market-driven price discovery, improve efficiency, and provide coal producers, including commercial and captive miners, with easier access to a wider pool of buyers. Public Sector coal companies can also leverage the platform to enhance market participation. First Published: Jun 09 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 394.50 points or 0.54% to 73,918.76. The Nifty 50 index rose 119.10 points or 0.52% to 23,242.10. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 1.24% and the BSE 250 SmallCap Index added 1.39%. The market breadth was strong. On the BSE, 2,804 shares rose and 1,406 shares fell. A total of 188 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 8.53% to 15.58. In the commodities market, Brent crude for August 2026 settlement fell $1.68 or 1.78% to $92.57 a barrel. RBI Updates: The Reserve Bank of India (RBI) has issued operational guidelines for its newly announced forex swap facilities covering FCNR(B) deposits, external commercial borrowings (ECBs) and overseas foreign currency borrowings (OFCBs). Investor sentiment improved after the central bank detailed the two dollar-rupee swap facilities announced by Governor Sanjay Malhotra in the monetary policy statement on 5 June 2026. Under the first scheme, the RBI introduced a US dollar-rupee forex swap facility for eligible ECBs raised by public sector undertakings and OFCBs raised by authorized dealer Category-I banks. The facility will be available for borrowings with a minimum maturity of three years and will remain open for eligible inflows received up to 31 December 2026. Under the mechanism, banks can sell US dollars to the RBI and simultaneously agree to buy them back at the end of the swap period. The swap will be priced at a fixed rate of 1.5% per annum, compounded semi-annually, with a maximum tenor of five years. The FCNR(B) swap facility will be conducted at par, allowing banks to swap foreign currency inflows with the RBI while retaining exposure to the underlying deposits. The scheme is expected to encourage foreign currency inflows and support liquidity conditions. IPO Update: The initial public offer (IPO) of Hexagon Nutrition received bids for 1,04,79,18,699 shares as against 2,16,02,008 shares on offer, according to stock exchange data at 15:28 IST on Tuesday (09 June 2026). The issue was subscribed 48.51 times. The issue opened for bidding on 05 June 2026 and it will close on 09 June 2026. The price band of the IPO is fixed between Rs 42 to Rs 45 per share. Buzzing Index: The Nifty PSU Bank index jumped 3.62% to 8,496.60. The index rose 0.72% in the past trading session. Bank of Baroda (up 5.59%), Bank of Maharashtra (up 5.48%), Bank of India (up 5.45%), Punjab & Sind Bank (up 4.4%), Canara Bank (up 4.25%), UCO Bank (up 4.04%), Indian Bank (up 3.79%), Punjab National Bank (up 3.73%), Union Bank of India (up 3.18%) and Indian Overseas Bank (up 2.2%) rose. Stocks in Spotlight: Aye Finance climbed 10.35% after the companys board approved raising up to $15 million through issuance of non-convertible debentures (NCDs) on a private placement basis. The company will issue senior, secured, rated, listed, redeemable and transferable NCDs with a face value of Rs 1 lakh each for cash at par. The fundraising amount will be equivalent to up to $15 million in Indian rupee terms. JNK India surged 15.62% after the company received a large order from CC7 Emirates Engineering Solutions L.L.C., UAE for the supply of waste gas handling systems. According to the companys classification, a large order is valued between Rs 100-300 crore. Redington jumped 4.64% after Apple announced major software and artificial intelligence upgrades at its annual Worldwide Developers Conference (WWDC). Apple unveiled updates across its operating systems, including new Apple Intelligence features, an upgraded Siri, enhanced productivity tools and a refreshed software design language. Redington is one of Apple's key distribution and supply chain partners in India. The company distributes iPhones, iPads, MacBooks and other Apple products through its extensive channel network. Grasim Industries advanced 1.53% after the companys board approved capex of Rs 3,094 crore for the expansion of Lyocell, third-generation Cellulosic Staple Fibre (CSF) capacity at Harihar, Karnataka. SML Mahindra advanced 1.57% after the company reported an 11.64% year-on-year increase in commercial vehicle (CV) sales to 1,678 units in May 2026, compared with 1,503 units sold in May 2025. Ratnaveer Precision Engineering added 3.51% after the company announced that its board is scheduled to meet on Thursday, 11 June 2026 to consider raising funds via equity shares through various modes. Avantel rose 4.75% after the company secured a contract worth Rs 9.94 crore from the Defence Research and Development Organisation (DRDO), under the Ministry of Defence for the development and testing of satellite terminals for GSAT. Marsons rose 1.77% after it had secured an order worth Rs 9.48 crore from West Bengal State Electricity Transmission Company (WBSETCL) for the repair, inspection and testing of power transformers. VA Tech WABAG surged 2.90% after it had secured a design-and-build contract for the proposed Ajman Sewage Biorefinery Plant Phase 3 in the United Arab Emirates (UAE) from Ajman Sewerage (Private) Company. IRB Infrastructure Developers shed 0.68%. The company, along with its two sponsored Infrastructure Investment Trusts (InvITs), reported a 25.30% year-on-year increase in toll revenue for May 2026. JSW Steel shed 0.14%. The company reported consolidated crude steel production of 22.93 lakh tonnes in May 2026, registering a 15% year-on-year increase compared with 19.96 lakh tonnes produced in May 2025. Global Markets: The US Dow Jones index futures are currently up by 104 points, signaling a positive opening for US stocks today. European shares advanced on Tuesday as easing tensions in the Middle East supported sentiment, while investors turned their attention to the European Central Bank's (ECB) interest rate decision later this week. Most Asian stocks ended higher, aided by a recovery in chipmaking and artificial intelligence-related stocks following sharp losses in recent sessions. Easing military tensions in the Middle East also supported investor sentiment. South Korea's KOSPI led regional gains after a sell-off in chipmakers had sent the index sharply lower in the previous session. Chinese shares also advanced after the country's May trade data came in stronger than expected, driven by robust export growth. Chinas exports jumped 19.4% YoY to a record $376.78 billion in May 2026, surpassing expectations and marking the fastest growth since February, driven by inventory build-up ahead of energy price pressures and strong demand for semiconductors and AI hardware. For JanuaryMay 2026, exports rose 15.5% YoY to $1.71 trillion. Iran on Monday halted military strikes against Israel but warned it would resume attacks if Israeli forces continue operations in Lebanon, Tehrans foreign ministry has reportedly said on Monday. Hours later, Israeli Prime Minister Benjamin Netanyahu reportedly said that the conflict with Iran and Hezbollah was "not yet over. Overnight on Wall Street, the S&P 500 and Nasdaq Composite were higher on Monday as chip stocks rebounded from Fridays rout and President Donald Trump tried to maintain a fragile cease-fire despite Iran and Israel trading strikes. The broad market index advanced 0.30% and closed at 7,405.73. The tech-heavy Nasdaq was up 0.86%, ending at 25,929.66. The Dow Jones Industrial Average lost 80.77 points, or 0.16%, and settled at 50,786.01. First Published: Jun 09 2026 | 4:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rail Vikas Nigam (RVNL) advanced 2.22% to Rs 233 after the company announced that it has received a Letter of Acceptance (LoA) worth Rs 221.33 crore from South East Central Railway for signalling modernization works in the Bilaspur Division. According to the company, the contract is scheduled to be executed within 730 days. The company clarified that the transaction does not qualify as a related-party transaction and that neither its promoters nor promoter group entities have any interest in the contract. RVNL, a Government of India enterprise, is engaged in implementing rail infrastructure projects across the country. As of March 2026, the Government of India held a 72.84% stake in the company. Rail Vikas Nigam (RVNL) declined 3.47% to Rs 263.10 after the companys consolidated net profit fell 58.92% to Rs 187.07 crore on a 4.18% increase in revenue from operations to Rs 6,695.91 crore in Q4 FY26 over Q4 FY25. First Published: Jun 09 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sky Gold and Diamonds rallied 3.06% to Rs 507.60 after the company's board approved the appointment Akash Talesara as the chief executive officer (CEO) with effect from 9 June 2026. Talesara has played a pivotal role in driving revenue growth, expanding distribution networks, and creating long term value for organizations. His blend of industry expertise, strategic thinking, and execution capability makes him a trusted leader and a significant contributor to business success. Sky Gold and Diamonds is a B2B jewellery manufacturers, specialising in lightweight, design-led and studded jewellery. The companys consolidated surged 120.78% to Rs 84.27 crore in Q4 FY26 from Rs 38.17 crore in Q4 FY25. Revenue from operations climbed 80.64% YoY to Rs 1911.50 crore in Q4 FY26. First Published: Jun 09 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 09 2026 | 3:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JSW Infrastructure surged 4.42% to Rs 280.20 after it has received a letter of award (LoA) from Syama Prasad Mookerjee Port Authority (SMPA). The LoA is for the integrated development of the Outer Container Terminal at Netaji Subhas Dock (NSD) in Kolkata under a public-private partnership (PPP) framework. The project, awarded through a competitive bidding process, involves the development of two berths at the Outer Container Terminal and five berths at NSD on a Design, Build, Finance, Operate and Transfer (DBFOT) basis. The concession agreement has a tenure of 30 years, with the project to be executed in two phases. Upon completion, the terminal is expected to create a container handling capacity of around 0.93 million twenty-foot equivalent units (TEUs). The award adds to JSW Infrastructure's existing presence at the Kolkata Dock System. The company had earlier secured a contract for the reconstruction of Berth 8 and mechanisation of Berths 7 and 8 at NSD, which is expected to add capacity of 0.45 million TEUs, with interim operations likely to commence shortly. With both projects operational, the company's combined container handling capacity at the Kolkata Dock System is expected to rise to nearly 1.4 million TEUs. JSW Infrastructure said the projects are expected to address capacity constraints at NSD, improve berth productivity through mechanisation and reduce vessel turnaround times. The development is supported by strong cargo demand from the Kolkata metropolitan region and its hinterland. The latest award marks the company's second project win from SMPA within a year and strengthens its position in India's port privatisation and PPP ecosystem. Upon completion of its identified container expansion projects, JSW Infrastructure's overall container handling capacity is expected to increase to about 1.8 million TEUs, supporting its strategy to expand its container business and increase third-party cargo volumes across geographies. JSW Infrastructure, a part of JSW Group, is the second largest commercial port operator in India in terms of cargo handling capacity. It develops and operates ports and port terminals pursuant to port concessions. The companys consolidated net profit fell 17.82% to Rs 423.67 crore on 18.63% revenue from operations to Rs 1,522.34 crore in Q4 FY26 over Q4 FY25. First Published: Jun 09 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Black Box Ltd, Avanti Feeds Ltd, Tata Technologies Ltd and Acutaas Chemicals Ltd are among the other losers in the BSE's 'A' group today, 09 June 2026. Black Box Ltd, Avanti Feeds Ltd, Tata Technologies Ltd and Acutaas Chemicals Ltd are among the other losers in the BSE's 'A' group today, 09 June 2026. Kitex Garments Ltd tumbled 10.35% to Rs 145.95 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.09 lakh shares were traded on the counter so far as against the average daily volumes of 46672 shares in the past one month. Black Box Ltd crashed 5.52% to Rs 950.75. The stock was the second biggest loser in 'A' group.On the BSE, 40562 shares were traded on the counter so far as against the average daily volumes of 90290 shares in the past one month. Avanti Feeds Ltd lost 3.92% to Rs 1027.9. The stock was the third biggest loser in 'A' group.On the BSE, 34384 shares were traded on the counter so far as against the average daily volumes of 36407 shares in the past one month. Tata Technologies Ltd slipped 3.91% to Rs 748.8. The stock was the fourth biggest loser in 'A' group.On the BSE, 90446 shares were traded on the counter so far as against the average daily volumes of 1.36 lakh shares in the past one month. Acutaas Chemicals Ltd dropped 3.63% to Rs 3191.35. The stock was the fifth biggest loser in 'A' group.On the BSE, 14206 shares were traded on the counter so far as against the average daily volumes of 28601 shares in the past one month. First Published: Jun 09 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bafna Pharmaceuticals Ltd, Agri-Tech (India) Ltd, Master Trust Ltd and Alacrity Securities Ltd are among the other losers in the BSE's 'B' group today, 09 June 2026. Bafna Pharmaceuticals Ltd, Agri-Tech (India) Ltd, Master Trust Ltd and Alacrity Securities Ltd are among the other losers in the BSE's 'B' group today, 09 June 2026. GRM Overseas Ltd lost 12.07% to Rs 107.05 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 5.13 lakh shares were traded on the counter so far as against the average daily volumes of 1.11 lakh shares in the past one month. Bafna Pharmaceuticals Ltd tumbled 9.99% to Rs 176.95. The stock was the second biggest loser in 'B' group.On the BSE, 49678 shares were traded on the counter so far as against the average daily volumes of 1973 shares in the past one month. Agri-Tech (India) Ltd crashed 9.30% to Rs 137.45. The stock was the third biggest loser in 'B' group.On the BSE, 9052 shares were traded on the counter so far as against the average daily volumes of 2138 shares in the past one month. Master Trust Ltd corrected 7.76% to Rs 85.04. The stock was the fourth biggest loser in 'B' group.On the BSE, 25.78 lakh shares were traded on the counter so far as against the average daily volumes of 15972 shares in the past one month. Alacrity Securities Ltd shed 7.67% to Rs 67.5. The stock was the fifth biggest loser in 'B' group.On the BSE, 1.67 lakh shares were traded on the counter so far as against the average daily volumes of 45826 shares in the past one month. First Published: Jun 09 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Markets took positive cues from Wall Streets overnight gains, with chipmakers rebounding strongly after last weeks selloff. Leading performers included Kioxia Holdings (+6.4%), Tokyo Electron (+8.9%), Murata Manufacturing (+11.3%), Taiyo Yuden (+20%), and Advantest (+4.3%). Investor sentiment was also shaped by expectations that the Bank of Japan may raise interest rates later this month to address persistent inflation. On the geopolitical front, tensions eased as Iran and Israel agreed to halt attacks against each other, reducing fears of a wider conflict that could drive energy prices higher. First Published: Jun 09 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Exports surged 19.4% year-on-year to a record USD 376.8 billion, while imports climbed 27.4% to USD 271.4 billion. This pushed the trade surplus to USD 105.4 billion, the largest since January. The strong performance was driven mainly by demand for technology hardware, with semiconductors, computers, and related equipment contributing heavily to both exports and imports. Reflecting this trend, tech and semiconductor stocks led the rally. Key gainers included SMIC (+4.41%), Zhongji Innolight (+2.17%), Eoptolink Technology (+8.38%), and NAURA Technology (+5.35%). In contrast, the energy sector lagged, with PetroChina (-5.57%) and CNOOC (-4.18%) posting losses. Overall, the market rebound highlights how global investment in AI and technology hardware is fueling Chinas trade and stock performance, even as traditional sectors like energy face pressure. First Published: Jun 09 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sells homes worth over Rs 2,000 cr Godrej Properties announced that it has sold homes worth over Rs 2,000 crore in its project, Godrej Vanantara, located off Bannerghatta Road, Bengaluru. Godrej Vanantara is among GPL's largest residential developments in South India, with a developable potential of ~3.53 million sq. ft. and an estimated revenue potential of ~Rs 3,700 crore. Launched in the 1st week of June 2026, Godrej Vanantara has emerged as one of the most successful launches in the South Bengaluru micro-market, with well over 1,000 homes sold in the launch week. Spanning 36 acres, the development is defined by expansive open spaces, landscaped greens, a 65,000 sq. ft. clubhouse, low-density planning, and over 50 curated lifestyle amenities designed to deliver a distinctive, high-quality living experience in one of Bengaluru's key growth corridors. Bannerghatta Road is fast emerging as a high-potential residential corridor in South Bengaluru, driven by upcoming metro access, proximity to key employment hubs, and increasing preference for well-planned communities that offer a balance of urban convenience and natural surroundings. First Published: Jun 09 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Defence stocks Data Patterns and Paras Defence soar 9% in Tuesday's trade. (Illustration: Binay Sinha) First Published: Jun 09 2026 | 3:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 09 2026 | 3:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FAR allows non-resident investors to invest in specified Government of India dated securities without any investment ceilings | Illustration: Ajaya Mohanty Foreign portfolio investors (FPIs) have invested ?8,794.743 crore in government securities under the Fully Accessible Route (FAR) after the government exempted them from income tax on interest income and capital gains arising from investments in these bonds. According to data from the Clearing Corporation of India Ltd (CCIL), FPI holdings in FAR securities stood at ?3.32 trillion on Tuesday, up from ?3.23 trillion on June 3. FAR allows non-resident investors to invest in specified Government of India dated securities without any investment ceilings. "We can see the optimism from FPIs who nearly invested 75 per cent of the net purchase in G-secs under FAR category recorded during April & May. It also strengthens India's case for inclusion in major global bond indices, such as Bloomberg's sovereign bond index, whose inclusion decision was deferred earlier this year," said Mataprasad Pandey, vice-president at Arete Capital. The government on June 5 promulgated an ordinance amending the Income Tax Act to provide tax exemption on interest income and capital gains arising from the sale, exchange or transfer of government securities held by FPIs. The exemption is applicable retrospectively from April 1, 2025. The move came as the government looked to attract more foreign capital into the domestic debt market and support the rupee amid external pressures. Currently, foreign investors are subject to a long-term capital gains tax of 12.5 per cent on listed shares and bonds held for more than 12 months, while interest earned on government bonds attracts a withholding tax of 20 per cent. The Reserve Bank of India (RBI), in its June monetary policy announcement, also expanded the universe of securities available under the FAR by including all new issuances of 15-year, 30-year and 40-year tenor government securities. The central bank also removed limits related to short-term investment, concentration and individual securities for FPI investments under the general route. "These measures, along with the tax benefits, provided by the government this morning should help attract foreign capital for government borrowing," the RBI said during the monetary policy announcement. The government securities market has been opened further to foreign investors through these measures as India seeks to deepen the bond market and facilitate greater participation from global investors. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 09 2026 | 3:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rajesh Exports Chairman Rajesh Mehta on Tuesday denied any fund diversion in its subsidiary ACC Energy and promoter-controlled Elest Ltd, saying Sebi has not understood the accounting entries, even as the company faces potential removal from the ?18,100-crore ACC Production-Linked Incentive scheme. "First of all, the Sebi has made observations. That has to be put in the right place first. Point number two, there is zero diversion of funds. They have not understood the accounting entries," the Rajesh Exports founder told PTI. The company is ready to clarify, he added. The market regulator's June 3 interim order flagged a circular fund-routing scheme involving ACC Energy Storage and promoter-controlled Elest Pvt Ltd. After Elest acquired 49 per cent of ACC Energy in January 2025, it gave ?147 crore to the subsidiary, which returned ?112 crore on the same day. ACC Energy Storage also invested ?262 crore in Elest without disclosing valuation details. The company's MD and CFO admitted that they were unaware of the transactions, according to the order. Sebi concluded that the cross-holding arrangement diluted Rajesh Exports Ltd's (REL) stake in ACC Energy from 100 per cent to 51.05 per cent, alienating 48.95 per cent to Elest as a "device, scheme and artifice to mislead investors", violating related-party disclosure rules and constituting fraudulent trade practices. The ACC Energy-Elest irregularity is part of Sebi's broader 109-page order alleging ?15.15 trillion in misreported subsidiary revenues -- representing 99.8 per cent of such revenues -- between FY21 and FY25. The regulator has barred Mehta from trading in REL shares and ordered a forensic audit. The allegations have also put at risk the company's participation in the ?18,100-crore Advanced Chemistry Cell (ACC) Production-Linked Incentive (PLI) scheme. The Ministry of Heavy Industries (MHI) is reviewing the situation and preparing to take a final call on the company's disqualification from the flagship battery manufacturing programme. On the PLI project, Mehta said there has been "fair progress" in its implementation and the company has sought a one-year extension, citing R&D delays. "We are coming out with one of the finest and absolutely 100 per cent home-grown innovative battery cells. It is not there anywhere in the world. So, the research and development is taking some time," he said. The ACC battery plant coming up in Hubli, Karnataka, is 60-65 per cent complete, Mehta said, adding that the company has given its explanation to MHI on the delay in execution. "I would not say 100 per cent work has been done, but there has been good satisfactory progress," he said. The original deadline for implementation of the project was the end of 2025. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 09 2026 | 2:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of auto ancillaries companies rallied up to 17% on Tuesday. First Published: Jun 09 2026 | 2:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 09 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ola Electric shares up 116% from record low levels First Published: Jun 09 2026 | 2:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ratnaveer Precision Engineering added 1.71% to Rs 166.40 after the company announced that its board is scheduled to meet on Thursday, 11 June 2026 to consider raising funds via equity shares through various modes. Ratnaveer Precision Engineering is enagaged in exporting stainless-steel washers and precision fasteners. The company has built a diversified product portfolio spanning washers, fasteners, tubes & pipes, finishing sheets, and sheet metal components. The companys consolidated net profit jumped 59.01% to Rs 17.03 crore in Q4 FY26, compared with Rs 10.71 crore in Q4 FY25. Revenue from operations increased 22.58% YoY to Rs 248.96 crore in Q4 FY26. First Published: Jun 09 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PVR Inox Ltd is quoting at Rs 966.35, down 0.01% on the day as on 13:19 IST on the NSE. The stock tumbled 26.55% in last one year as compared to a 7.57% slide in NIFTY and a 14.75% fall in the Nifty Media index. PVR Inox Ltd dropped for a fifth straight session today. The stock is quoting at Rs 966.35, down 0.01% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 23203.85. The Sensex is at 73757.04, up 0.32%.PVR Inox Ltd has eased around 5.81% in last one month.Meanwhile, Nifty Media index of which PVR Inox Ltd is a constituent, has increased around 2.79% in last one month and is currently quoting at 1476.8, down 0.04% on the day. The volume in the stock stood at 36371 shares today, compared to the daily average of 2.98 lakh shares in last one month. The PE of the stock is 46.04 based on TTM earnings ending March 26. First Published: Jun 09 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Infosys Ltd is quoting at Rs 1172.3, down 1.29% on the day as on 13:19 IST on the NSE. The stock tumbled 26.55% in last one year as compared to a 7.57% slide in NIFTY and a 25.98% fall in the Nifty IT index. Infosys Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1172.3, down 1.29% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 23203.85. The Sensex is at 73757.04, up 0.32%.Infosys Ltd has eased around 0.4% in last one month.Meanwhile, Nifty IT index of which Infosys Ltd is a constituent, has eased around 3.33% in last one month and is currently quoting at 28653.55, down 1.05% on the day. The volume in the stock stood at 61.87 lakh shares today, compared to the daily average of 168.46 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1174.5, down 0.94% on the day. Infosys Ltd tumbled 26.55% in last one year as compared to a 7.57% slide in NIFTY and a 25.98% fall in the Nifty IT index. The PE of the stock is 16.06 based on TTM earnings ending March 26. First Published: Jun 09 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HCL Technologies Ltd is quoting at Rs 1138.9, down 1.08% on the day as on 13:19 IST on the NSE. The stock tumbled 31.72% in last one year as compared to a 7.57% slide in NIFTY and a 25.98% fall in the Nifty IT index. HCL Technologies Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1138.9, down 1.08% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 23203.85. The Sensex is at 73757.04, up 0.32%.HCL Technologies Ltd has lost around 4.69% in last one month.Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has eased around 3.33% in last one month and is currently quoting at 28653.55, down 1.05% on the day. The volume in the stock stood at 12.11 lakh shares today, compared to the daily average of 36.38 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1141.1, down 1.07% on the day. HCL Technologies Ltd tumbled 31.72% in last one year as compared to a 7.57% slide in NIFTY and a 25.98% fall in the Nifty IT index. The PE of the stock is 25.02 based on TTM earnings ending March 26. First Published: Jun 09 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Consultancy Services Ltd is quoting at Rs 2140.6, down 0.5% on the day as on 13:19 IST on the NSE. The stock tumbled 38.18% in last one year as compared to a 7.57% slide in NIFTY and a 25.98% fall in the Nifty IT index. Tata Consultancy Services Ltd fell for a fifth straight session today. The stock is quoting at Rs 2140.6, down 0.5% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 23203.85. The Sensex is at 73757.04, up 0.32%.Tata Consultancy Services Ltd has eased around 10.54% in last one month.Meanwhile, Nifty IT index of which Tata Consultancy Services Ltd is a constituent, has eased around 3.33% in last one month and is currently quoting at 28653.55, down 1.05% on the day. The volume in the stock stood at 23.9 lakh shares today, compared to the daily average of 59.96 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 2144.9, down 0.86% on the day. Tata Consultancy Services Ltd tumbled 38.18% in last one year as compared to a 7.57% slide in NIFTY and a 25.98% fall in the Nifty IT index. The PE of the stock is 14.91 based on TTM earnings ending March 26. First Published: Jun 09 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NLC India Ltd is quoting at Rs 328, down 2.31% on the day as on 13:19 IST on the NSE. The stock is up for a third straight session today in last one year as compared to a 7.57% up 0.28%. in NIFTY and a 8.56% down 22.64% in the Nifty Energy index. NLC India Ltd fell for a fifth straight session today. The stock is quoting at Rs 328, down 2.31% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 23203.85. The Sensex is at 73757.04, up 0.32%.NLC India Ltd has eased around 0.52% in last one month.Meanwhile, Nifty Energy index of which NLC India Ltd is a constituent, has eased around 1% in last one month and is currently quoting at 39685.45, down 0.11% on the day. The volume in the stock stood at 169.12 lakh shares today, compared to the daily average of 93.36 lakh shares in last one month. The PE of the stock is 18.43 based on TTM earnings ending March 26. First Published: Jun 09 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Panacea Biotec share price has more-than-doubled in the last two months. First Published: Jun 09 2026 | 1:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 09 2026 | 1:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Redington jumped 6.14% to Rs 243.70 after Apple announced major software and artificial intelligence upgrades at its annual Worldwide Developers Conference (WWDC). The developments lifted sentiment around Apple-linked companies in India. Redington is one of Apple's key distribution and supply chain partners in India. The company distributes iPhones, iPads, MacBooks and other Apple products through its extensive channel network. Traders often view major Apple product and software announcements as positive for Redington due to its exposure to Apple's hardware ecosystem and sales growth in India. Redington, a technology solutions provider, enables end-to-end distribution for IT/ITeS, telecom, lifestyle, and solar products across various markets. It has presence in over 40 markets, over 450 brand associations, and more than 70,000 channel partners. On a consolidated basis, Redington's net profit declined 41.21% to Rs 391.32 crore while net sales rose 25.62% to Rs 33213.03 crore in Q4 March 2026 over Q4 March 2025. First Published: Jun 09 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 09 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Technical analyst at SBI Securities is bullish on Polycab India and Coal India. First Published: Jun 09 2026 | 1:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NLC India fell 3.40% to Rs 324.25 after the Government of India launched an offer for sale (OFS) to divest up to a 3% stake in the state-run mining and power company. If the greenshoe option is fully exercised, the total offer size will rise to 4.16 crore shares, representing 3% of the company's equity capital. At the floor price of Rs 303 per share, the base offer is valued at about Rs 840 crore. Including the oversubscription option, the total issue size could increase to nearly Rs 1,260 crore. The floor price has been set at Rs 303 per share, a discount of 9.73% to the previous closing price of Rs 335.65 on the BSE. The OFS opened for non-retail investors on 9 June 2026 and will open for retail investors and eligible employees on 10 June 2026. Non-retail investors may also carry forward their unallotted bids to the second day and revise them in accordance with SEBI guidelines. According to BSE data, the offer received bids for 58.50 lakh shares as of 12.25 IST on the first day, translating into 23.44% subscription of the base non-retail portion of 2.49 crore shares. The indicative clearing price stood at Rs 304.50 per share. The government has reserved 27.73 lakh shares for retail investors, with an additional oversubscription option of 13.87 lakh shares. The non-retail category has been allocated 2.49 crore shares under the base offer, with an option to increase this by 1.24 crore shares if the greenshoe option is exercised. NLC India has also earmarked up to 25,000 shares for eligible employees. Employees can place bids worth up to Rs 5 lakh, although allocations will initially be considered up to Rs 2 lakh per employee. NLC India is a Navratna public sector enterprise engaged in lignite mining and power generation. The Government of India held 72.20% in the company as on March 2026. On a consolidated basis, NLC India's net profit surged 189.12% to Rs 1393.46 crore while net sales rose 31.45% to Rs 5042.46 crore in Q4 March 2026 over Q4 March 2025. First Published: Jun 09 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Copper advanced 2.52% to Rs 519.10 following the appointment of Anupam Misra as Chairman and Managing Director (CMD) of the company. Hindustan Copper is a central public sector undertaking under the administrative control of Ministry of Mines, Government of India. The principal activities of the company are exploration, exploitation, mining of copper and copper ore including beneficiation of minerals, smelting and refining. As on 31 March 2026, the Government of India held 66.14% in the company. The company has reported 134.36% increase in consolidated net profit to Rs 444.06 crore in Q4 FY26 from Rs 189.48 crore in Q4 FY25. Revenue from operations for the period under review were Rs 1,156.08 crore, up 58.06% YoY. First Published: Jun 09 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Central Bank of India is quoting at Rs 31.06, up 2.07% on the day as on 12:49 IST on the NSE. The stock is down 22.64% in last one year as compared to a 7.57% jump in NIFTY and a 17.79% jump in the Nifty PSU Bank index. Central Bank of India is up for a third straight session today. The stock is quoting at Rs 31.06, up 2.07% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 23203.25. The Sensex is at 73727.01, up 0.28%. Central Bank of India has slipped around 12.85% in last one month. Meanwhile, Nifty PSU Bank index of which Central Bank of India is a constituent, has slipped around 3.5% in last one month and is currently quoting at 8199.55, up 3.01% on the day. The volume in the stock stood at 110.26 lakh shares today, compared to the daily average of 179.04 lakh shares in last one month. The PE of the stock is 6.3 based on TTM earnings ending March 26. First Published: Jun 09 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Bank is quoting at Rs 866, up 2.73% on the day as on 12:49 IST on the NSE. The stock is up 37.73% in last one year as compared to a 7.57% fall in NIFTY and a 17.79% fall in the Nifty PSU Bank index. Indian Bank rose for a third straight session today. The stock is quoting at Rs 866, up 2.73% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 23203.25. The Sensex is at 73727.01, up 0.28%. Indian Bank has added around 3.14% in last one month. Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has added around 3.5% in last one month and is currently quoting at 8199.55, up 3.01% on the day. The volume in the stock stood at 18.45 lakh shares today, compared to the daily average of 38.59 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 861.4, up 3.35% on the day. Indian Bank is up 37.73% in last one year as compared to a 7.57% fall in NIFTY and a 17.79% fall in the Nifty PSU Bank index. The PE of the stock is 9.34 based on TTM earnings ending March 26. First Published: Jun 09 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
J B Chemicals & Pharmaceuticals Ltd is quoting at Rs 2206.6, up 1.56% on the day as on 12:49 IST on the NSE. The stock is up 32.31% in last one year as compared to a 7.57% spurt in NIFTY and a 10.6% spurt in the Nifty Pharma index. J B Chemicals & Pharmaceuticals Ltd is up for a third straight session in a row. The stock is quoting at Rs 2206.6, up 1.56% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 23203.25. The Sensex is at 73727.01, up 0.28%. J B Chemicals & Pharmaceuticals Ltd has dropped around 0.12% in last one month. Meanwhile, Nifty Pharma index of which J B Chemicals & Pharmaceuticals Ltd is a constituent, has dropped around 0.43% in last one month and is currently quoting at 24147.65, up 0.53% on the day. The volume in the stock stood at 1.03 lakh shares today, compared to the daily average of 3.38 lakh shares in last one month. The PE of the stock is 51.04 based on TTM earnings ending March 26. First Published: Jun 09 2026 | 1:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 09 2026 | 12:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 09 2026 | 12:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 11:47 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wealth managers say the Liberalised Remittance Scheme (LRS) and overseas investment structures available through GIFT IFSC are now being used to frontload overseas deployments rather than waiting until the latter half of the financial year This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With Rajesh Exports facing regulatory pressure and concerns about LIC's exposure to the beleaguered gold jewellery firm, Chairman Rajesh Mehta has distanced himself from the insurer's investment decisions, arguing that ordinary retail shareholders stand to gain regardless of how the situation plays out. "LIC has not purchased the shares yesterday or last year. LIC's purchases are over a period of time, approximately 20 years. These shares have been taken by LIC from the open market, from the stock market," Mehta told PTI in an interview. Currently, LIC holds a 10.80 per cent stake in Rajesh Exports. Mehta was categorical that neither he nor other promoters had any role in LIC's accumulation of the stock. "No promoter has ever sold his shares to LIC. The company has never made any placement to LIC. By the buying of shares by LIC, the company or the promoters have never benefited in any manner," he said. Mehta said the company had no relationship with or knowledge of LIC's investment decisions. "We don't even know where LIC's office is. We have no contact, no connection. This decision of buying shares through the secondary market is their own decision in a prudent commercial manner." Despite the sharp erosion in Rajesh Exports' share price, Mehta expressed confidence, based on his own assessment, that LIC had not yet slipped into the red on its position. The stock of Rajesh Exports Ltd has tumbled over 14 per cent since June 3, and hit a new lower circuit limit of ?94.50 on Monday. "Even today, at these pathetic rates and lower rates also, according to my understanding, LIC has still not lost money. This accumulated price, I believe, I have not seen it. I believe this accumulated price still supports," he said. "Even if LIC has lost money, and this is the most important statement which I am giving for the first time, who is the counter-gainer? If somebody loses, somebody has to gain. Who is the counterpart who has gained? It is the common Indian public." "They have taken the shares from the common Indian public, who have benefited. What is wrong with that? Are the people who are speaking against this, against the benefit of the common Indian public?" he pointed out. On whether a potential LIC exit could destabilise Rajesh Exports, Mehta was dismissive and once again said any sell-off is an opportunity for retail buyers. "If they are able to sell, let them sell. Let the public buy back.... It is the public which has benefited in this, not the company or the promoter," he said. LIC, India's largest institutional investor, has not commented on its position in Rajesh Exports or its future investment strategy with respect to the stock. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 08 2026 | 11:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rapido’s cofounder Aravind Sanka said 90 per cent of cab drivers were concentrated in and around 15-20 top Indian cities This article has been processed by AI. It is not an official market report and should not be considered financial advice.
German luxury car maker BMW Group India on Monday said it will increase prices by up to 2 per cent across its entire BMW and MINI vehicle portfolios with effect from July 1. The price hike will be applicable across locally-produced as well as completely-built-up BMW and MINI brands, the company said in a statement. "To protect our premium standards against macroeconomic headwinds -- specifically rupee depreciation and escalating logistics costs -- we are introducing a price increase of up to 2 per cent across our portfolio, effective July 1," said Hardeep Singh Brar, President and CEO, BMW Group India. BMW India's range of locally produced cars includes the 2 Series Gran Coupe, 3 Series Long Wheelbase, 5 Series Long Wheelbase, 7 Series, X1, X3, X5, X7, M340i and iX1 Long Wheelbase models. Besides, it also offers i5 M60, i7, i7 M70, BMW iX, M440i Convertible, M2 Coupe, M4 Competition, M5 and XM as completely built-up units (CBU). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 08 2026 | 10:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The measure was aimed at curbing the build-up of arbitrage positions between the onshore market and the offshore non-deliverable forwards (NDF) market First Published: Jun 08 2026 | 9:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 9:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 9:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 9:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 8:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 7:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 7:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 7:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 7:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tuhin Kanta Pandey, chairman, sebi First Published: Jun 08 2026 | 7:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To advance licensure of dengue vaccine DengiAll? in sub-Saharan Africa Panacea Biotec announced the launch of the DENSTAR project which will work to advance the licensure of the dengue vaccine DengiAll in sub-Saharan Africa (sSA) and to facilitate its broader global use. The four-year initiative is funded under the Global Health European & Developing Countries Clinical Trials Partnership 3 Joint Undertaking (GH EDCTP3 JU), supported by the European Union and aligns with the EDCTP3 mission to combat Neglected Tropical Diseases (NTDs), including dengue fever, and seeks to reduce the disease burden across Africa. The DENSTAR project is coordinated by the Sclavo Vaccines Association, a non-profit organization based in Siena (Italy) devoted to support vaccine research and development in developing countries. The DENSTAR consortium unites 10 Partners from 9 countries across Europe, Africa, the United States, India and South Korea which comprises of universities, research organizations, a biotech company and a non profit organization, bringing together experts, researchers, regulators, healthcare practitioners. Panacea Biotec being the developer of DengiAll, a tetravalent dengue vaccine targeting all four virus serotypes and currently in late-stage development in India, is a key partner of the DENSTAR consortium. This diverse and complementary consortium embodies a great public-private partnership, fully aligned with the DENSTAR project's goal to promote broader use of DengiAll in Africa and globally, contributing to equitable access to safe and effective dengue prevention tools. First Published: Jun 08 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shanti Gold International announced the successful completion of its capacity expansion project and the commencement of production at its new Marol, Andheri manufacturing facility, located at Ground to 3rd Floor, Plot No. 1, Compartment No. 5, Concast House, Marol Co-operative Industrial Estate, Vasanji Road, Andheri East, Mumbai - 400059, Maharashtra, with production commencing on June 08, 2026. This marks the successful execution of the expansion announced by the Company on January 22, 2026. The newly expanded facility is now fully operational, equipped with state-of-the-art machinery and modern infrastructure, and has commenced production with immediate effect. The expansion adds approximately 4,000 kgs per annum to the Company's manufacturing capacity, significantly strengthening its ability to service existing customers and pursue new strategic partnerships across organised jewellery retail in India and international markets. First Published: Jun 08 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The hotel will feature 88 well-appointed rooms, a restaurant, banquet and conference facilities, a fitness centre, and modern public spaces catering to both business and leisure travellers. First Published: Jun 08 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rail Vikas Nigam (RVNL) announced that it has received a Letter of Acceptance (LoA) worth Rs 221.33 crore from South East Central Railway for signalling modernization works in the Bilaspur Division. According to the company, the contract is scheduled to be executed within 730 days. The company clarified that the transaction does not qualify as a related-party transaction and that neither its promoters nor promoter group entities have any interest in the contract. RVNL, a Government of India enterprise, is engaged in implementing rail infrastructure projects across the country. As of March 2026, the Government of India held a 72.84% stake in the company. Rail Vikas Nigam (RVNL) declined 3.47% to Rs 263.10 after the companys consolidated net profit fell 58.92% to Rs 187.07 crore on 4.18% increase in revenue from operations to Rs 6,695.91 crore in Q4 FY26 over Q4 FY25. The counter slipped 3.27% to Rs 227.95 on the BSE. First Published: Jun 08 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SpaceX President Gwynne Shotwell First Published: Jun 08 2026 | 6:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Quebec open work permit First Published: Jun 08 2026 | 6:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SML Mahindra reported an 11.64% year-on-year increase in commercial vehicle (CV) sales to 1,678 units in May 2026, compared with 1,503 units sold in May 2025. Exports witnessed robust growth, surging 122.50% to 89 units in May 2026 from 40 units exported in May 2025. SML Mahindra (formerly known as SML Isuzu) is primarily engaged in the business of the manufacture and sale of commercial vehicles and their parts. The company reported a marginal 2.36% year-on-year (YoY) rise in standalone net profit to Rs 54.20 crore for the fourth quarter ended 31st March 2026, compared with Rs 52.95 crore in the corresponding quarter last year. Revenue from operations rose 16.39% YoY to Rs 897.65 crore in the quarter ended 31 March 2026. The counter slipped 1.99% to Rs 3,711.95 on the BSE. First Published: Jun 08 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gujarat Inject Kerala hit an upper circuit of 5% to Rs 119.90 after the company announced that it had received a purchase order worth approximately Rs 1.07 crore from Ottire Lifestyle. The company clarified that the transaction does not qualify as a related-party transaction and that neither its promoters nor promoter group entities have any interest in the contract. Gujarat Inject (Kerala) was initially a joint-sector venture to manufacture intravenous fluids but now primarily engaged in the trading of goods. The company, promoted by Gujarat Inject Limited and the Kerala State Industrial Development Corporation, transitioned from pharmaceutical production to textile trading, focusing on integrity and stakeholder responsibility. On the financial front, the company reported a standalone net profit of Rs 1.64 crore in Q4 FY26, compared with Rs 0.07 crore in the corresponding quarter of the previous year. Revenue from operations surged 624.1% year-on-year to Rs 30.70 crore during the quarter. First Published: Jun 08 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 9.91 crore shares as against 2.16 crore shares on offer. The issue opened for bidding on 5 June 2026 and it will close on 9 June 2026. The price band of the IPO is fixed between Rs 42 and 45 per share. An investor can bid for a minimum of 333 equity shares and multiples thereof. The IPO consists entirely of an offer for sale of 30,859,704 equity shares aggregating up to Rs 138.87 crore by existing shareholders Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Aditya Kelkar, and Nutan Subhash Kelkar. The company will not directly receive any proceeds from the offer, and all the offer proceeds will be received by the selling shareholders, in proportion to the offered shares sold by them. The promoters are Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Vikram Arun Kelkar, Nikhil Arun Kelkar and Aditya Kelkar. The promoters and promoter group hold an aggregate of 109,883,804 equity shares, aggregating to 89.4% of the pre-offer issued and paid-up equity share capital. Their post IPO shareholding is expected to be around 64.29%. Hexagon Nutrition is a nutrition-focused company engaged in the development and manufacturing of micronutrient premixes, wellness and clinical nutrition products, therapeutic formulations, and ready-to-use foods. It caters to both consumer and institutional markets through its branded nutrition products, premix formulations, and nutrition-focused ESG initiatives. The company owns brands such as Pentasure, Obesigo, PediaGold, and Nutrone and also supplies customized vitamin and mineral premixes to leading FMCG companies. It operates manufacturing facilities in India and Uzbekistan, exports products to over 75 countries, and has in-house R&D capabilities to support product development and innovation. Ahead of the IPO, Hexagon Nutrition on Thursday, 04 June 2026, raised Rs 41.65 crore from anchor investors. The board allotted 92.57 lakh shares at Rs 45 each to 5 anchor investors. The firm reported a consolidated net profit of Rs 27.03 crore and sales of Rs 267.59 crore for the nine months ended on 31 December 2025. First Published: Jun 08 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The S&P BSE Sensex tanked 719.08 points or 0.97% to 73,524.26. The Nifty 50 index lost 243.70 points or 1.04% to 23,123. In two consecutive trading sessions, the Sensex declined 1.13% while the Nifty 50 fell 1.38% Reliance Industries (down 2.18%), Larsen & Toubro (down 2.09%) and HDFC Bank (down 1.21%) were major Nifty drags today. The broader market underperformed the frontline indices. The BSE 150 MidCap Index fell 1.70% and the BSE 250 SmallCap Index shed 1.88%. The market breadth was weak. On the BSE, 1,181 shares rose and 3,192 shares fell. A total of 180 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 7.85% to 17.03. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.16% to 7.964 compared with previous session close of 6.975. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.7375 compared with its close of 95.1800 during the previous trading session. MCX Gold futures for 6 August 2026 settlement fell 1.33% to Rs 153,529. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.23% to 99.82. The United States 10-year bond yield rose 0.48% to 4.563. In the commodities market, Brent crude for August 2026 settlement surged $3.92 or 4.21% to $97.01 a barrel after reports indicated that Israel had launched fresh attacks on Lebanon over the weekend despite a ceasefire, raising concerns over regional stability and the smooth flow of oil shipments through the strategically important Strait of Hormuz. Global Markets: European shares traded lower on Monday as oil prices rose after renewed hostilities between Israel and Iran heightened concerns about stability in the Middle East and raised uncertainty over efforts to sustain a U.S.-backed ceasefire. Asian indices also declined, with investor sentiment weakened by fears of a broader regional conflict following Israeli strikes on targets in western and central Iran. Meanwhile, Japan's economy grew 0.5% quarter-on-quarter in the first quarter of 2026, accelerating from 0.2% growth in the previous quarter and exceeding market expectations of 0.3%. Growth was supported by stronger consumer spending, increased public investment and resilient export demand, although business investment remained subdued amid higher interest rates and weaker corporate sentiment. On Friday, U.S. markets closed sharply lower. The Nasdaq Composite dropped 4.18% to 25,709.43, marking its steepest decline since April 2025. The S&P 500 fell 2.64% to 7,383.74, while the Dow Jones Industrial Average lost 695 points to close at 50,866.78, a day after reaching a record high. The selloff followed a stronger-than-expected U.S. jobs report for May, which pushed Treasury yields higher and reinforced concerns that elevated borrowing costs could weigh on companies investing heavily in artificial intelligence infrastructure. Investors will closely monitor upcoming inflation data this week, while market attention will also be on the planned public listing of SpaceX on Friday. Stocks in Spotlight: EMS surged 10.35% after the company announced that it has emerged as the lowest bidder (L-1) for a sewerage infrastructure project awarded by UP Jal Nigam (Urban), Varanasi. The said order value is Rs 102.84 crore and it wil executed within 24 months. H G Infra Engineering rose 2.84% after the company received the provisional completion certificate from Adani Road Transport for Ganga Expressway project in Uttar Pradesh (UP). The contract is valued at Rs 4,970.99 crore. Zee Entertainment Enterprises fell 1.05%. The company announced that its board will meet on Wednesday, 19 June 2026 to consider raising funds through the issuance of equity shares through various modes in one or more tranches. Cupid Breweries and Distilleries jumped 4.96% after signing pact with United Spirits to buy an operational manufacturing unit in Gopalpur, Odisha, for Rs 22.50 crore. Le Travenues Technology (Ixigo) fell 2.49%. The companys board has approved the acquisition of a 54.66% stake in Brevistay Hospitality for Rs 65.69 crore through a mix of secondary and primary share purchases. Sigma Advanced Systems declined 4.39%. The company secured an export contract worth $21.97 million (around Rs 208 crore) for the manufacture and supply of 40,000 units of 155 mm M107 artillery shell bodies to a North American customer. Adani Ports and Special Economic Zone (APSEZ) fell 1.05%. The company said that it has secured a 10-year marine services contract for Argentinas first liquefied natural gas (LNG) export project. Waaree Renewable Technologies slipped 2.36%. The company announced that it has received a Letter of Award (LoA) from Sunsational Power Private Limited (SPPL) for the execution of an Engineering, Procurement and Construction (EPC) contract. Lupin shed 0.58%. The company announced a strategic collaboration with Spanish pharmaceutical company Laboratorios ERN S.A. for the launch of Luforbec (beclometasone/formoterol) 100/6, a fixed-dose combination inhaler. Creative Newtech surged 13.44% after the company along with its consortium partner has received an advance work order (AWO) from Bharat Sanchar Nigam (BSNL), acting on behalf of Digital Bharat Nidhi, Government of India. First Published: Jun 08 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee lost further momentum during the course of the day and is seen settling the day lower by around 40 paise at Rs 95.57 per dollar. Elevated crude oil prices and firm dollar index around 100 mark are seen pressurizing rupee. Dollar index spiked above 100 for the first time in two months following a strong jobs data on Friday, driving sooner than expected rate hike by Fed but has edged marginally below the level today. Meanwhile, Indian shares fell sharply on Monday, mirroring weak cues from global markets as Middle East worries persisted and robust U.S. jobs data led traders to ramp up bets on a Federal Reserve rate hike this year. The BSE Sensex and NSE Nifty 50 settled lower amid weak global cues, escalating tensions in West Asia, and rising crude oil prices. The Sensex dropped 719.08 points (0.97%) to settle at 73,524.26, while the Nifty fell 243.70 points (1.04%) to end the day at 23,123.00. Also, rupee weakened despite the Indian government introducing a retrospective tax exemption for foreign institutional investors earning income from government securities. First Published: Jun 08 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India VIX surged 7.85% to 17.03. In the cash market, the Nifty 50 index lost 243.70 points or 1.04% to 23,123. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 7.85% to 17.03. HDFC Bank, Tata Consultancy Services and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE. The June 2026 F&O contracts will expire on 30 June 2026. First Published: Jun 08 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fund managers said the steps should help ease concerns around India's balance of payments (BoP), a key overhang for the bond market in recent months This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The government on Monday said farmers have bought 11.17 lakh tonnes of organic manure in the ongoing kharif sowing season, a 3.5 times jump from the year-ago period, indicating a gradual shift from chemical fertilisers. The Centre also reiterated that the overall stock position of fertilisers in the country is comfortable and there is no challenge in availability. It is also monitoring the situation on a regular basis to ensure adequate domestic supply. At an inter-ministerial briefing on the recent developments in West Asia, Aparna S Sharma, additional secretary in the Union Ministry of Chemicals and Fertilisers, said, "For kharif 2026, the fertiliser requirement has been reassessed by the Department of Agriculture at 383.9 lakh tonnes and against this, the stock as on today is 197.56 lakh tonnes". The stock is more than 51 per cent of the kharif season demand and this is significantly higher than the usual level of 33 per cent, she added. "The purchase of fertiliser has been about 86.65 lakh tonnes for the ongoing kharif, that is approximately 22.57 per cent of the total requirement," Sharma said. The secretary also said the farmers have procured 11.17 lakh tonnes of organic manure in the season, compared to 3.2 lakh tonnes during the corresponding period last year. "This substantial increase reflects a positive trend towards greater adoption of the organic nutrient sources and a gradual shift in the farmers' preference from chemical fertiliser to the organic alternatives," Sharma said. The secretary asserted that there is no major challenge in availability of fertilisers currently. "The domestic production and import continues, and a total of 147.4 lakh tonnes have been imported as well as domestically manufactured after the crisis situation. In June, more than 25 lakh tonnes of imported urea, DAP, and PKS have arrived at the ports, and a tender of 17 lakh tonnes of urea is under progress," she said. Sharma said the government is clearing all subsidy bills as per the budgetary provision. She said the "situation is being monitored at the highest level in the Empowered Group of Secretary meetings to ensure adequate availability of fertiliser and raw materials". In 2025, nearly 73 per cent of the country's total fertiliser requirement was met through domestic production. India imports a large quantity of urea and di-ammonimum phosphate (DAP) to meet local demand. Total domestic production of fertilizers, including urea, DAP, NPKs, and SSP has increased from 433.29 lakh tonne in 2021 to a record 524.62 lakh tonne in 2025. The country's urea production has increased from 225 lakh tonne during 2014-15 to 306.67 lakh tonne in 2024-25. The country imported more than 100 lakh tonne of urea last fiscal year to meet local demand. The budgetary allocation for fertiliser subsidies in 2026-27 stands at ?1.71 lakh crore and the import bill is likely to rise as rates in global markets have shot up. At present, the MRP of neem-coated urea is ?242 per bag (45kg), while the DAP is being sold at ?1,350 per bag (50kg). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 08 2026 | 4:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RailTel Corporation of India has received a letter of acceptance (LoA) worth Rs 82.04 crore from Haryana Rail Infrastructure Development Corporation (HRIDC) for railway signalling works. The project is scheduled to be completed by 27 November 2027. RailTel Corporation of India was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways. The companys standalone net profit jumped 35.7% to Rs 143.52 crore in Q4 FY26, compared with Rs 105.78 crore in Q4 FY25. Revenue from operations rose 27.6% YoY to Rs 1,668.86 crore in Q4 FY26. Shares of RailTel Corporation of India fell 2.97% to close at Rs 303.55 on the BSE. First Published: Jun 08 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
CrudeChem Technology LLC, a subsidiary of Fineotex Chemical, has announced a significant further expansion of its manufacturing capacity at its Texas facility with the addition of 150 million pounds per annum (MM lbs/year). This strategic expansion will increase the facility's total manufacturing capacity from 200 million pounds per year to 350 million pounds per year, substantially enhancing the company's ability to meet the growing demand for specialty chemicals across domestic and international markets. The expanded capacity is expected to strengthen CrudeChem Technology's position as a leading producer of specialty chemical solutions for the oilfield and the energy sectors. The additional production capability will enable the company to better serve its existing customer base while supporting future growth opportunities across key markets. The expansion reflects the company's continued focus on scaling its operations, improving supply chain efficiencies, and strengthening its manufacturing footprint in North America. The enhanced capacity is expected to provide greater flexibility in production planning and support the increasing requirements of customers for high-quality specialty chemical products. First Published: Jun 08 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Geopolitical tensions added to the pressure after Iran missile strikes toward Israel raised concerns about a fragile ceasefire in Lebanon. Japanese chipmakers and tech firms bore the brunt of the decline, with Kioxia Holdings down 8%, Murata Manufacturing off 10.2%, SoftBank Group losing 6.1%, Advantest falling 5.7%, and Tokyo Electron dropping 7.5%. First Published: Jun 08 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The weakness followed a retreat in Wall Streets AI-related stocks after stronger US jobs data raised concerns that interest rates may stay high for longer. Key decliners included Zhongji Innolight, Eoptolink Technology, and NAURA Technology. On the geopolitical front, Xi Jinping arrived in North Korea for his first visit since 2019, with talks expected to cover denuclearization and regional tensions. Domestically, investors are now awaiting Chinas upcoming trade data and inflation numbers later this week, which could set the tone for near-term market direction. First Published: Jun 08 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As per provisional closing data, the barometer index, the S&P BSE Sensex tanked 719.08 points or 0.97% to 73,524.26. The Nifty 50 index lost 243.70 points or 1.04% to 23,123. In two consecutive trading sessions, the Sensex declined 1.13% while the Nifty 50 fell 1.38% The broader market underperformed the frontline indices. The BSE 150 MidCap Index fell 1.70% and the BSE 250 SmallCap Index shed 1.88%. The market breadth was weak. On the BSE, 1,249 shares rose and 3,115 shares fell. A total of 173 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 7.85% to 17.03. In the commodities market, Brent crude for August 2026 settlement rose $3.89 or 4.18% to $96.98 a barrel after reports indicated that Israel had launched fresh attacks on Lebanon over the weekend despite a ceasefire, raising concerns over regional stability and the smooth flow of oil shipments through the strategically important Strait of Hormuz. Buzzing Index: The Nifty Realty index declined 2.56% to 749.20. The index rose 0.82% in the past two trading sessions. Anant Raj (down 5.55%), Sobha (down 3.64%), Prestige Estates Projects (down 3.56%), Godrej Properties (down 3.24%), DLF (down 2.8%), Lodha Developers (down 2.5%), Aditya Birla Real Estate (down 2.06%), Oberoi Realty (down 1.98%), Brigade Enterprises (down 1.29%) and Phoenix Mills (down 0.31%) fell. Stocks in Spotlight: Creative Newtech surged 13.44% after the company along with its consortium partner has received an advance work order (AWO) from Bharat Sanchar Nigam (BSNL), acting on behalf of Digital Bharat Nidhi, Government of India. EMS surged 10.81% after the company announced that it has emerged as the lowest bidder (L-1) for a sewerage infrastructure project awarded by UP Jal Nigam (Urban), Varanasi. The said order value is Rs 102.84 crore and it wil executed within 24 months. H G Infra Engineering rallied 2.41% after the company received the provisional completion certificate from Adani Road Transport for Ganga Expressway project in Uttar Pradesh (UP). The contract is valued at Rs 4,970.99 crore. Zee Entertainment Enterprises fell 1.06%. The company announced that its board will meet on Wednesday, 19 June 2026 to consider raising funds through the issuance of equity shares through various modes in one or more tranches. Cupid Breweries and Distilleries jumped 4.96% after signing pact with United Spirits to buy an operational manufacturing unit in Gopalpur, Odisha, for Rs 22.50 crore. Le Travenues Technology (Ixigo) fell 1.93%. The companys board has approved the acquisition of a 54.66% stake in Brevistay Hospitality for Rs 65.69 crore through a mix of secondary and primary share purchases. Sigma Advanced Systems declined 4.10%. The company secured an export contract worth $21.97 million (around Rs 208 crore) for the manufacture and supply of 40,000 units of 155 mm M107 artillery shell bodies to a North American customer. Adani Ports and Special Economic Zone (APSEZ) fell 1.27%. The company said that it has secured a 10-year marine services contract for Argentinas first liquefied natural gas (LNG) export project. Waaree Renewable Technologies slipped 3.03%. The company announced that it has received a Letter of Award (LoA) from Sunsational Power Private Limited (SPPL) for the execution of an Engineering, Procurement and Construction (EPC) contract. Lupin shed 0.60%. The company announced a strategic collaboration with Spanish pharmaceutical company Laboratorios ERN S.A. for the launch of Luforbec (beclometasone/formoterol) 100/6, a fixed-dose combination inhaler. Global Markets: European shares declined on Monday, while oil prices climbed, following a resumption of attacks between Iran and Israel that threatened to derail talks to end a fragile U.S.-backed ceasefire in the Middle East. Asian markets ended lower, as escalating tensions in the Middle East weighed on investor sentiment. The decline came after Israel launched retaliatory strikes on targets in western and central Iran, raising fears of a broader regional conflict and prompting a risk-off mood across global markets. Meanwhile, Japan's economy expanded 0.5% quarter-on-quarter in Q1 2026, accelerating from 0.2% growth in the previous quarter and surpassing market expectations of 0.3%. The growth was driven by stronger consumer spending, higher public investment and robust export demand, though business investment weakened amid higher interest rates and softer corporate sentiment. On Friday, the Nasdaq Composite fell 4.18% to 25,709.43its biggest drop since April 2025. The S&P 500 sank 2.64% to close at 7,383.74, and the Dow lost 695 points to end the week at 50,866.78, a day after hitting a new high. The decline on Friday came after a stronger-than-anticipated U.S. jobs report for May pushed Treasury yields higher, fueling concerns that elevated borrowing costs could pressure companies making substantial investments in artificial intelligence infrastructure. In the coming week, market participants will closely track inflation data and the highly anticipated public debut of Elon Musks SpaceX on Friday. First Published: Jun 08 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hardwyn India announced that its board has approved the issuance of bonus equity shares in the ratio of 2:5 to the existing shareholders. To implement the bonus issue, the company will issue 19,53,73,622 equity shares of face value of Rs 1 each, amounting to Rs 19.53 crore. The companys standalone free reserves stood at Rs 19.65 crore as of 31st March 2026. Hardwyn India is a manufacturer and provider of architectural hardware and glass fittings, operating. The company specializes in premium solutions for residential and commercial spaces, including door hardware, kitchen fittings, shower enclosures, and furniture fittings. The companys consolidated net profit jumped 83.87% to Rs 3.42 crore on 25.22% increase in revenue from operations to Rs 57.15 crore in Q4 FY26 over Q4 FY25. The counter rose 0.12% to Rs 24.40 on the BSE. First Published: Jun 08 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dynacons Systems & Solutions has secured a contract worth Rs 125.88 crore (excluding GST) from Central Bank of India for the expansion of the bank's private cloud infrastructure and deployment of advanced computing platforms. The project involves the expansion of the bank's private cloud, establishment of a containerisation platform, and deployment of servers powered by NVIDIA H200 Blackwell GPUs. The contract, awarded by the domestic lender, will be executed over a period of five years. The company said the order does not involve any related-party transaction, and neither the promoter nor promoter group entities have any interest in the awarding authority. Dynacons Systems & Solutions provides IT infrastructure solutions. The company provides services nationwide. The companys consolidated net profit jumped 4% to Rs 18.92 crore on 22.4% increase in revenue from operations to Rs 402.45 crore in Q4 FY26 over Q4 FY25. Shares of Dynacons Systems & Solutions fell 3.28% to Rs 1,245.05 on the BSE. First Published: Jun 08 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Netweb Technologies India Ltd, Sky Gold & Diamonds Ltd, IFCI Ltd and Tata Teleservices (Maharashtra) Ltd are among the other losers in the BSE's 'A' group today, 08 June 2026. Netweb Technologies India Ltd, Sky Gold & Diamonds Ltd, IFCI Ltd and Tata Teleservices (Maharashtra) Ltd are among the other losers in the BSE's 'A' group today, 08 June 2026. Wipro Ltd tumbled 7.46% to Rs 183.55 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 20.34 lakh shares were traded on the counter so far as against the average daily volumes of 17.34 lakh shares in the past one month. Netweb Technologies India Ltd lost 7.45% to Rs 4317.85. The stock was the second biggest loser in 'A' group.On the BSE, 1.47 lakh shares were traded on the counter so far as against the average daily volumes of 1.73 lakh shares in the past one month. Sky Gold & Diamonds Ltd crashed 6.39% to Rs 494.95. The stock was the third biggest loser in 'A' group.On the BSE, 1.39 lakh shares were traded on the counter so far as against the average daily volumes of 1.38 lakh shares in the past one month. IFCI Ltd pared 6.17% to Rs 74.71. The stock was the fourth biggest loser in 'A' group.On the BSE, 47.14 lakh shares were traded on the counter so far as against the average daily volumes of 40.88 lakh shares in the past one month. Tata Teleservices (Maharashtra) Ltd slipped 5.74% to Rs 43.5. The stock was the fifth biggest loser in 'A' group.On the BSE, 2.87 lakh shares were traded on the counter so far as against the average daily volumes of 4.23 lakh shares in the past one month. First Published: Jun 08 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The cumulative automobile retail sales in India stood at 23,10,451 units in the same month last year India's automobile retail sales grew 9.55 per cent to a record 25,31,067 units in May, while EV penetration crossed 11 per cent for the first time, as dealers saw a surge in enquiries for fuel-efficient and green vehicles after last month's fuel price hikes amid the West Asia crisis, FADA said on Monday. The cumulative automobile retail sales in India stood at 23,10,451 units in the same month last year. According to the Federation of Automobile Dealers Associations (FADA), the figures reflect the best May performance ever recorded across commercial (CV), passenger vehicle (PV) and the overall EV penetration. "A notable feature of the month was the consumer response to May fuel-price revisions: dealers reported a visible rise in enquiries for fuel-efficient and alternative-powertrain options, reflected in the two-wheeler EV share climbing to 9.25 per cent from 6.11 per cent a year ago," FADA stated. Passenger vehicles retail sales were at a record 4,02,591 units last month as compared to 3,26,656 units in May 2025, a growth of 23.25 per cent, data showed. Two-wheelers also clocked best-ever monthly numbers at 18,44,947 units in May this year as compared to 17,15,581 units in the same month a year ago, a growth of 7.54 per cent. FADA further said three-wheeler sales stood at 1,11,526 units last month as compared to 1,07,688 units in May 2025, up 3.56 per cent. Commercial vehicles also witnessed a growth of 5.29 per cent to a record 83,823 units last month as compared to 79,614 units in May 2025, it added. "Overall, the outlook for June 2026 appears measured but cautiously optimistic, with monsoon progress and rural cash flows expected to provide the structural support even as near-term cost pressures persist," FADA stated. Looking ahead to June 2026, dealer sentiment is measured: 50.52 per cent of dealers expect growth, 39.90 per cent anticipate a flat market, and only 9.59 per cent foresee a decline, according to the Association. Dealers attributed the steady participation from commuters and rural buyers to marriage-season buying and continued affordability under the GST 2.0 framework, even as heat wave conditions dampened showroom walk-ins in several markets and selective model-wise supply gaps tempered momentum. FADA President C S Vigneshwar said: "As anticipated in our April 2026 release, the watch-outs we had flagged -- an above-normal heat wave, fuel-price pressure and the evolving West Asia situation -- did come into play during May 2026, and yet Indian auto retail has held its growth trajectory with May'26 registering the best ever May across 3W, PV, tractors and overall registrations". The industry retailed 25,31,067 units during the month, a 9.55 per cent YoY expansion, with passenger vehicles at 23.25 per cent and tractors at 11.17 per cent leading the way, followed by two-wheelers at 7.54 per cent, commercial vehicles at 5.29 per cent, and three-wheelers at 3.56 per cent, while wheeled construction equipment declined 17.51 per cent on a high base, he shared. "The sequential softness of 6.75 per cent MoM reflects the customary post-April seasonal moderation and a delayed South-West monsoon, keeping May largely a pre-sowing month across much of rain-fed Bharat. That growth held through this confluence of pressures underlines the resilience of the underlying demand," Vigneshwar said. With the South-West monsoon having set in over Kerala on June 4 and beginning its northward advance, demand expectations are anchored in the progress of the monsoon, early kharif sowing preparation, and the tail of the marriage season, supported by a stable financing environment after the Reserve Bank of India held the repo rate at 5.25 per cent in its June review, FADA said. In the two-wheeler segment, improving rural cash flows and the shift in enquiries towards fuel-efficient EV options are expected to provide support, though continued heat and elevated fuel prices remain a drag in some markets, it added. According to FADA, passenger vehicles are likely to draw on healthy booking pipelines, especially in the EV category and new launches, even as June settles into its usual seasonal rhythm, while commercial vehicles should stay steady on goods movement and infrastructure-linked activity. Persistent heat-wave pockets, the trajectory of fuel prices and the West Asia situation, with its pass-through to freight and input costs, remain the principal factors to watch. Sharing its outlook for June-July-August 2026, it said, overall, the next three months appear to be cautiously optimistic -- with a tad below normal monsoon, the firm 7.7 per cent FY26 GDP print and broad policy continuity providing a supportive backdrop, the industry looks set to move from a seasonally soft patch towards a firmer second-quarter footing. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 08 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Auto stocks declined on Monday after the Federation of Automobile Dealers Associations (FADA) reported a month-on-month decline in vehicle retail sales for May 2026. According to FADA, total vehicle retail sales stood at 25,31,067 units in May 2026, down 6.75% from April 2026 but up 9.55% compared with May 2025. Passenger vehicle sales grew 23.25% year-on-year, while tractor sales rose 11.17%. Two-wheeler retail sales increased 7.54%, commercial vehicle sales advanced 5.29%, and three-wheeler sales gained 3.56%. Retail sales of wheeled construction equipment declined 17.51% on a high base. On a month-on-month basis, passenger vehicle retail sales fell 6.10%, while two-wheeler sales declined 7.19% and commercial vehicle sales dropped 18.33%. Three-wheeler sales rose 1.29% and tractor sales increased 5.96%. Retail sales of wheeled construction equipment fell 22.93%. FADA attributed the month-on-month decline in sales to seasonal moderation following April and the delayed onset of the southwest monsoon, which kept May largely a pre-sowing month across many rain-fed regions. Looking ahead to June 2026, more than half of dealers surveyed by FADA expect growth, while nearly 40% anticipate a flat market. Dealer sentiment is supported by the progress of the southwest monsoon, early Kharif sowing activity, the ongoing marriage season and a stable financing environment following the Reserve Bank of India's decision to maintain the repo rate at 5.25%. For the June-August 2026 period, dealer confidence improved further, with 59.07% of respondents expecting growth. FADA said advancing monsoon conditions, rural income prospects, agricultural activity and continued demand across vehicle categories are expected to support the industry's outlook over the coming months. Overall, the industry looks set to move from a seasonally soft patch towards a firmer second-quarter footing. First Published: Jun 08 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
H G Infra Engineering rallied 3.82% to Rs 568.05 after the company received the provisional completion certificate from Adani Road Transport for Ganga Expressway project in Uttar Pradesh (UP). The contract is valued at Rs 4,970.99 crore. H.G. Infra Engineering (HGIEL) is an Indian road infrastructure company engaged in the business of Engineering, Procurement, and Construction (EPC) services and maintenance of roads, bridges, flyovers, and other infrastructure contract works. The companys consolidated net profit declined 42.1% to Rs 85.09 crore despite a 4.84% jump in revenue from operations to Rs 1426.80 crore in Q4 FY26 over Q4 FY25. First Published: Jun 08 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nitta Gelatin India Ltd, Shiva Texyarn Ltd, Vivid Mercantile Ltd and TECIL Chemical & Hydro Power Ltd are among the other losers in the BSE's 'B' group today, 08 June 2026. Nitta Gelatin India Ltd, Shiva Texyarn Ltd, Vivid Mercantile Ltd and TECIL Chemical & Hydro Power Ltd are among the other losers in the BSE's 'B' group today, 08 June 2026. GRM Overseas Ltd lost 14.43% to Rs 130.2 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 82319 shares were traded on the counter so far as against the average daily volumes of 91244 shares in the past one month. Nitta Gelatin India Ltd crashed 11.49% to Rs 1543.25. The stock was the second biggest loser in 'B' group.On the BSE, 6706 shares were traded on the counter so far as against the average daily volumes of 5000 shares in the past one month. Shiva Texyarn Ltd tumbled 11.44% to Rs 146.25. The stock was the third biggest loser in 'B' group.On the BSE, 568 shares were traded on the counter so far as against the average daily volumes of 446 shares in the past one month. Vivid Mercantile Ltd dropped 10.24% to Rs 6.75. The stock was the fourth biggest loser in 'B' group.On the BSE, 6.51 lakh shares were traded on the counter so far as against the average daily volumes of 1.58 lakh shares in the past one month. TECIL Chemical & Hydro Power Ltd slipped 10.00% to Rs 10.98. The stock was the fifth biggest loser in 'B' group.On the BSE, 2049 shares were traded on the counter so far as against the average daily volumes of 1457 shares in the past one month. First Published: Jun 08 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Viyash Scientific (Viyash), through its wholly owned subsidiary Alivira Animal Health (Alivira), has signed a binding agreement to acquire 100% stake in BioForLife Italia S.r.l. (BFL), a leading pet care company based in Milan, Italy. The acquisition, for a cash consideration of Rs 188 crore is expected to close in Q2 FY27. The transaction represents a significant step in Viyash's strategy to capitalize on the mega-trend of a growing Companion Animal Health Generics market. It expands Alivira's global Companion Animal Health business and strengthens its presence in the European pet care market. First Published: Jun 08 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators further reduced net shorts in Pound futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net short position of 52218 contracts in the data reported through June 2, 2026. This was a weekly decrease of 9180 net short contracts. First Published: Jun 08 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators sharply increased net long positions in the Euro futures market to an over two and half month high, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net long position of 48866 contracts in the data reported through June 2, 2026. This was a weekly rise of 19440 net positions. First Published: Jun 08 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 2:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investors who were previously on the sidelines due to operational reasons bought after the measures First Published: Jun 08 2026 | 2:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 08 2026 | 2:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 2:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Viyash Scientific rose 1.59% to Rs 259.20 after the company's wholly owned subsidiary, Alivira Animal Health, has inked a binding agreement to acquire a 100% stake in BioForLife Italia S.r.l. (BFL), a leading pet care company based in Milan, Italy. According to the company, Italy ranks among the five largest animal health markets in Europe, with companion animal care emerging as the fastest-growing segment. Growth is being driven by increasing pet ownership, rising pet humanization trends, and higher spending on preventive and specialized veterinary care. BioForLife specializes in the development, commercialization, and distribution of pet care products. The company has built a strong presence in nutritional supplements, pharmaceuticals, and rapid diagnostic tests, while also expanding into high-growth segments such as dermatology and ophthalmology. Through its established sales network, BioForLife serves more than 80% of veterinary clinics across Italy. The acquisition is expected to provide a platform for launching new products from Aliviras pipeline in Italy, while simultaneously providing opportunities to expand the BFL range to other markets in the Alivira group located in Europe, Middle East, Asia and Latam. Dr. Haribabu Bodeputi, Managing Director and Group CEO, Viyash Scientific, said, "This acquisition represents another important step in our strategy to build a leading global companion animal health business. BioForLife provides us with an established platform in Italy, one of Europe's most attractive pet care markets, while strengthening our presence across the region. The combination of BioForLife's commercial reach and Alivira's product development capabilities creates a compelling opportunity to accelerate growth, expand our companion animal portfolio and deliver greater value to veterinarians, pet owners and partners across markets. We also see meaningful opportunities to introduce innovative products into India and other geographies through our global reach. This investment reflects our continued commitment to sustainable growth, strategic expansion and long-term value creation." Sequent Scientific p is mainly engaged in the business of veterinary healthcare. The company's consolidated net profit surged 459.1% year on year to Rs 52.11 crore, while revenue from operations jumped 129% to Rs 919.96 crore in Q4 FY26 from Q4 FY25. First Published: Jun 08 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
CCL Products stock surged 9% in Monday's intra-day trade. First Published: Jun 08 2026 | 2:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HG Infra surges 10% on receiving completion certificate for UP project First Published: Jun 08 2026 | 2:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From Central Bank of India First Published: Jun 08 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Sterlite Technologies fell 5% to hit the lower circuit limit at Rs 588.40, extending losses for a second consecutive session amid profit booking following a sharp rally in the stock. Despite the pullback, the stock remains up 224.63% over the past three months and has gained 474.33% so far in 2026. Meanwhile, data from the NSE showed that Motilal Oswal Mutual Fund acquired 36.48 lakh shares, representing a 0.75% equity stake in Sterlite Technologies, through a bulk deal on 05 June 2026. The transaction was executed at a price of Rs 619.07 per share. Sterlite Technologies is a global leader in advanced connectivity solutions, providing end-to-end solutions for building AI-ready infrastructure, FTTx, Rural, Enterprise and Data Centre networks. On a consolidated basis, Sterlite Technologies reported net profit of Rs 59 crore in Q4 March 2026 as against net loss of Rs 40 crore in Q4 March 2025. Net sales jumped 36.98% YoY to Rs 1441.00 crore in Q4 March 2026. First Published: Jun 08 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Bloomberg Global Aggregate Index is one of the broadest and most followed fixed-income benchmarks in the world today First Published: Jun 08 2026 | 2:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 1:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zee Entertainment Enterprises rose 2.07% to Rs 114.64 after the company announced that its board will meet on Wednesday, 19 June 2026 to consider raising funds through the issuance of equity shares through various modes in one or more tranches. Recently, the company secured exclusive rights to broadcast 39 FIFA events in India through 2034, including the FIFA World Cup 2026, FIFA World Cup 2030 and FIFA Women's World Cup 2027. The FIFA World Cup 2026 will kick off on 11 June 2026 and will be broadcast across Zee's newly launched Unite8 Sports channels and its digital platform Zee5. Zee Entertainment Enterprises is a content and technology company with a presence in more than 190 countries and a global reach of over 1.4 billion people. The company operates across television, digital platforms, movies, music and live entertainment, offering content in multiple languages. Through its portfolio of media and entertainment businesses, Zee serves audiences in India and international markets. The company reported a consolidated net loss of Rs 103.69 crore in Q4 FY26, compared with a net profit of Rs 188.39 crore in the same period last year. Total income declined 5.36% year-on-year to Rs 2,101.1 crore during the quarter. First Published: Jun 08 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Merritronix traded at Rs 297.25 on the BSE, a 99.50% premium to the issue price of Rs 149. The counter hit a high of Rs 297.25 and a low of Rs 283.10. About 25.67 lakh shares of the company changed hands at the counter. Merritronix's IPO was subscribed 293.31 times. The issue opened for bidding on 1 June 2026 and it closed on 3 June 2026. The price band of the IPO was fixed between Rs 141 to Rs 149 per share. The IPO comprised 47,00,000 equity shares. The company intends to utilise the net proceeds for capital expenditure towards purchase of machinery and equipment, funding working capital requirements, repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the company and general corporate purposes. Merritronix is an Electronics Systems Design and Manufacturing (ESDM) company that provides high-reliability electronic assemblies and systems for the defence, aerospace, telecommunications, and industrial sectors. The company offers end-to-end electronic manufacturing services, including component sourcing, PCB assembly, system integration, testing, and box-build solutions. It also possesses advanced Surface-Mount Technology (SMT) capabilities, including BGA and micro-BGA assembly, enabling it to deliver high-performance, mission-critical electronic systems. As of 31 March 2026, the company had total 57 employees. The company recorded revenue from operations of Rs 155.90 crore and net profit of Rs 16.10 crore for the period ended 31 March 2026. First Published: Jun 08 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ather First Published: Jun 08 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Blue Dart Express Ltd registered volume of 1.11 lakh shares by 10:46 IST on BSE, a 130.43 fold spurt over two-week average daily volume of 848 shares Sai Life Sciences Ltd, ICICI Lombard General Insurance Company Ltd, ACC Ltd, Mahanagar Gas Ltd are among the other stocks to see a surge in volumes on BSE today, 08 June 2026. Blue Dart Express Ltd registered volume of 1.11 lakh shares by 10:46 IST on BSE, a 130.43 fold spurt over two-week average daily volume of 848 shares. The stock slipped 1.24% to Rs.4,643.05. Volumes stood at 741 shares in the last session. Sai Life Sciences Ltd saw volume of 6.32 lakh shares by 10:46 IST on BSE, a 27.27 fold spurt over two-week average daily volume of 23163 shares. The stock increased 0.45% to Rs.1,191.50. Volumes stood at 40628 shares in the last session. ICICI Lombard General Insurance Company Ltd clocked volume of 2.61 lakh shares by 10:46 IST on BSE, a 16.52 times surge over two-week average daily volume of 15818 shares. The stock lost 0.99% to Rs.1,742.20. Volumes stood at 13258 shares in the last session. ACC Ltd saw volume of 1.55 lakh shares by 10:46 IST on BSE, a 13.65 fold spurt over two-week average daily volume of 11371 shares. The stock dropped 0.75% to Rs.1,320.50. Volumes stood at 20297 shares in the last session. Mahanagar Gas Ltd registered volume of 2.11 lakh shares by 10:46 IST on BSE, a 6.26 fold spurt over two-week average daily volume of 33697 shares. The stock slipped 0.65% to Rs.1,080.95. Volumes stood at 16102 shares in the last session. First Published: Jun 08 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 11:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 11:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total vehicle registrations stood at 25,31,067 units, reflecting a 9.55% year-on-year increase. PVs led the growth with a 23.25% rise to 4,02,591 units, supported by strong rural demand (+30.35%) compared to urban (+18.80%). Tractors followed with an 11.17% increase, while 2Ws grew 7.54% to 18,44,947 units. Urban 2Ws sales expanded 11.75% against rural growth of 4.74%. A key development during the month was the consumer response to the May fuel-price revision. Dealers reported heightened interest in fuel-efficient and alternative powertrain options, with EV 2Ws rising to a 9.25% share from 6.11% a year earlier. CVs registered 83,823 units, up 5.29% year-on-year, with rural markets (+8.10%) outpacing urban (+2.62%). 3Ws grew modestly at 3.56%, while Wheeled Construction Equipment declined 17.51% due to a high base effect. This performance underscores the resilience of Indias auto retail sector, with broad-based growth across categories and a clear shift in consumer preference toward sustainable mobility solutions. First Published: Jun 08 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 08 2026 | 11:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 292.75 crore shares as against 2.30 crore shares on offer. The qualified institutional buyers (QIB) segment subscribed 270.46 times. The non-institutional investor (NII) portion was subscribed 172.35 times, while the retail and employee categories were subscribed 27.03 times and 18.53 times, respectively. The issue opened for bidding on 3 June 2026 and it closed on 5 June 2026. The price band of the IPO was fixed between Rs 182 and 192 per share. The offer comprised a net offer for sale of up to 3,28,58,323 equity shares. The offer for sale by the selling shareholders comprises up to 49,59,428 shares by Mohan Agarwal, up to 10,00,000 shares by Gauri Shankar Agarwal HUF, up to 5,00,000 by Mohan Agarwal HUF and up to 2,63,98,895 shares by Global Scrap Processors. Ahead of the IPO of CMR Green Technologies on 2 June 2026, the company raised Rs 188.43 crore from anchor investors by allotting 98.14 lakh shares at Rs 192 each to 18 anchor investors. CMR Green Technologies (CMRG) is engaged in the recycling of non-ferrous metals and produces secondary aluminium and zinc die-casting alloys. Along with non-ferrous metals, the firm also offers aluminium billets serving automotive and non-automotive sectors. These billets, made from recycled aluminium, are raw materials used in extrusion processes to create profiles for various applications. Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield Motors, and India Yamaha Motor are the major OEM customers of the company. As on December 31, 2025, the company has 784 permanent employees and 3,956 contractual workmen. For the nine months ended 31 December 2026, the firm recorded a consolidated net profit of Rs 148.09 crore and sales of Rs 6,275.52 crore. First Published: Jun 08 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To supply 40,000 units of 155 mm M107 artillery shell bodies to client in North America Sigma Advanced Systems has been awarded an export contract valued at US$21.97 Mn (nearly Rs 208 crore) for the manufacture and supply of 40,000 units of 155 mm M107 artillery shell bodies to a customer in North America. The contract will be executed over a six-month period, with production and deliveries scheduled for completion within this timeframe. This new order marks a strategic expansion in munitions capabilities for Sigma, moving from a fuze manufacturer to a complete artillery shell component production manufacturer. This dual capability highlights Sigma Advanced Systems' evolution into a comprehensive global defence munitions partner with end-to-end engineering and precision manufacturing expertise. Commenting on the announcement, Sunil Kalidindi, CEO & Executive Director, Sigma Advanced Systems, said, "This contract reflects the confidence international customers place in India's defence manufacturing ecosystem and in Sigma's ability to deliver complex, high-precision products at scale. Manufacturing artillery shell bodies requires deep expertise in metallurgy, precision engineering, process control, and quality assurance. This order strengthens our position within the global defence supply chain and demonstrates our ability to support international customers with world-class manufacturing capabilities from India." First Published: Jun 08 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Infrastructure announced that as a step to participate in the rapidly evolving field of Artificial Intelligence (AI) and allied new-age technologies, has through its subsidiaries, undertaken certain enabling steps to incorporate AI and related technology-driven activities within its business framework. Pursuant thereto, relevant objects covering Artificial Intelligence and technology-enabled services have been incorporated including adoption of the following new names of the subsidiaries: First Published: Jun 08 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Press Release: Investor accounts cross the milestone of 26-crore (260 million) Click here to read- https://t.co/2QO0ahsIRU#NSE #NSEIndia #PressRelease @ashishchauhan pic.twitter.com/kwGrk8LVSe First Published: Jun 08 2026 | 9:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 30.60% to Rs 191.45 crore For the full year,net profit declined 22.54% to Rs 11.96 crore in the year ended March 2026 as against Rs 15.44 crore during the previous year ended March 2025. Sales rose 573.08% to Rs 2592.42 crore in the year ended March 2026 as against Rs 385.16 crore during the previous year ended March 2025. First Published: Jun 08 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 101.30% to Rs 63.61 crore For the full year,net profit rose 15.64% to Rs 7.32 crore in the year ended March 2026 as against Rs 6.33 crore during the previous year ended March 2025. Sales rose 64.49% to Rs 170.76 crore in the year ended March 2026 as against Rs 103.81 crore during the previous year ended March 2025. First Published: Jun 08 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net profit declined 9.09% to Rs 0.10 crore in the year ended March 2026 as against Rs 0.11 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: Jun 08 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 57.89% to Rs 0.08 crore For the full year,net profit reported to Rs 0.61 crore in the year ended March 2026 as against net loss of Rs 1.20 crore during the previous year ended March 2025. Sales rose 136.67% to Rs 0.71 crore in the year ended March 2026 as against Rs 0.30 crore during the previous year ended March 2025. First Published: Jun 08 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 0.42 crore in the year ended March 2026 as against net loss of Rs 0.39 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: Jun 08 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 45.31% to Rs 17.14 crore For the full year,net profit declined 92.05% to Rs 0.21 crore in the year ended March 2026 as against Rs 2.64 crore during the previous year ended March 2025. Sales declined 15.05% to Rs 78.08 crore in the year ended March 2026 as against Rs 91.91 crore during the previous year ended March 2025. First Published: Jun 08 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to the RBI data, foreign currency assets (FCAs), the largest component of the reserves, increased by $3.116 billion to $546.148 billion during the reporting week. The value of the country's gold reserves declined by $2.186 billion to $112.6 billion during the week, the RBI said. The Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) remained unchanged at $18.747 billion. India's reserve position with the IMF increased by $8 million to $4.826 billion during the reporting week, according to the central bank's data. First Published: Jun 08 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Igor Sechin, chief executive of Russian oil producer Rosneft | REUTERS India will account for about half of global oil demand growth and 15 per cent of the increase in global electricity consumption over the next decade, making it one of the world's most important energy markets, Igor Sechin, chief executive of Russian oil producer Rosneft, said. Speaking at the St. Petersburg International Economic Forum, Sechin said India's oil consumption is expected to rise 44 per cent to nearly 8 million barrels per day by 2035, while electricity demand is projected to surge 80 per cent to almost 3,000 terawatt-hours, approaching the current consumption levels in the European Union. "Speaking of our strategic partners, I would like to specifically mention India. Today, India's economy is one of the key drivers of global energy consumption growth," he said. According to the International Energy Agency's projections, over the next 10 years, India will account for about 15 per cent of the global increase in electricity demand. India also holds a unique position in the oil market - over the next 10 years, the country will account for approximately half of global oil demand growth. However, he warned that the conflict around the Strait of Hormuz and broader geopolitical tensions pose risks to India's energy security, given the country's growing dependence on imported energy and its role as a key driver of global demand growth. "The conflict in the Strait of Hormuz, along with new risks, will unfortunately have a negative impact on meeting the needs of the Indian economy," he said. Sechin said disruptions in Hormuz extend beyond oil and gas markets, affecting fertilizer shipments and raising the risk of higher food prices, with India, Africa and Southeast Asia among the most vulnerable regions. Fertilizer prices have already risen sharply this year, he said. He, however, said that Russia cannot be excluded from global supply chains. "Against the backdrop of recent developments in the global oil industry, Russia's economic partnership with China and India guarantees stable supplies to both countries. Russian oil supplies bring tangible economic benefits to our partners. Since April 2022, its combined value for China and India has exceeded 40 billion dollars." Rosneft has deepened its engagement with India since 2022, becoming one of the country's largest crude suppliers as Indian refiners increased purchases of discounted Russian oil. The Russian energy major holds a 49.13 per cent stake in Nayara Energy, which operates a 20 million tonnes-per-year refinery in Gujarat and a nationwide fuel retail network. Indian firms are also partners of Rosneft in oil and gas fields in Russia. The Rosneft chief argued that the global economy is entering a period of heightened strategic risk marked by sanctions, supply-chain disruptions, rising debt and underinvestment in conventional energy. He said years of insufficient investment in oil and gas production, combined with rapidly growing electricity demand from artificial intelligence and data centres, could create future shortages of power and energy supplies. Sechin also warned that growing restrictions on trade and the increasing use of sanctions were fragmenting the global economy and accelerating the development of alternative payment systems and trade routes. He described China as the best-prepared major economy for the current environment, citing its investments in power generation, electricity grids, energy storage and transport infrastructure. China, he said, has combined rapid renewable energy expansion with continued investments in coal and nuclear power to maintain energy security and keep electricity prices competitive. Sechin said Russia remains a critical supplier of energy to global markets, arguing that stable supplies to major consumers such as India and China will remain essential as global energy demand continues to rise. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 07 2026 | 10:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 07 2026 | 10:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 07 2026 | 8:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 11:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 11:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 11:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 6:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Highway Infrastructure approved the reappointment of Arun Kumar Jain as managing director and Anoop Agrawal as whole-time director for a further period of three years with effect from 5 May 2026, subject to shareholders' approval. Highway Infrastructure is an infrastructure development and management company. The company is engaged in the business of tollway collection, EPC infrastructure, and real estate businesses. The company reported a 25.8% year-on-year decline in consolidated net profit to Rs 8.82 crore in Q4 FY26, despite a 107.9% surge in revenue from operations to Rs 274.63 crore compared with Q4 FY25. The counter rose 0.84% to settle at Rs 47.91 on Friday, 5 June 2026. First Published: Jun 06 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 3:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 3:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 3:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 3:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 3:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 3:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 3:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rosneft CEO Igor Sechin attends the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia | REUTERS First Published: Jun 06 2026 | 2:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Innovision has received a letter of award (LoA) from the National Highways Authority of India (NHAI) worth Rs 25.70 crore for toll collection at the Belon Fee Plaza on the Aligarh-Moradabad section of NH-93 (NH-509) in Uttar Pradesh. Innovision provides manpower services, toll plaza management, and skill development training across India. The company offers private security, integrated facility management (IFM), manpower sourcing and payroll services and operates toll plazas primarily for the National Highways Authority of India (NHAI). The companys consolidated net profit jumped 8.33% to Rs 11.87 crore on a 6.42% increase in total income to Rs 268.78 crore in Q4 FY26 over Q4 FY25. The counter rose 4.01% to settle at Rs 295.55 on Friday, 5 June 2026. First Published: Jun 06 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RailTel Corporation of India has received a work order worth Rs 41.32 crore from the Uttar Pradesh Police Recruitment and Promotion Board for providing security-related ancillary services during recruitment examinations. RailTel Corporation of India was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways. The companys standalone net profit jumped 35.7% to Rs 143.52 crore in Q4 FY26, compared with Rs 105.78 crore in Q4 FY25. Revenue from operations rose 27.6% YoY to Rs 1,668.86 crore in Q4 FY26. The counter shed 0.49% to settle at Rs 312.85 on Friday, 5 June 2026. First Published: Jun 06 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
he event a leading global exhibition focused on artificial intelligence, computing technologies and startups concluded on Friday Indian electronics manufacturer Sahasra and software firm Zoho showcased their products and services at a major technology trade event in Taipei this week, as they sought to attract customers and partnerships in overseas markets. While the event witnessed significant participation from Indian buyers, a handful of Indian companies also exhibited at COMPUTEX 2026, which featured a record 6,000 booths from 1,500 exhibitors representing 33 countries. Sahasra Electronics, part of the Sahasra Group, displayed its microSD cards at the event. The company said it received encouraging responses from customers from different markets. "We have customers in China, we have customers in the US, Europe and the UK, so we are meeting customers here, and we are getting very, very good responses," said Ankur Dwivedi, strategic account manager at Sahasra. The company said it was using the event to explore new partnerships, technology collaborations and potential joint ventures. "We are here to explore partnerships in terms of customers and in terms of technology, innovation and joint venture kind of thing where we can participate and implement technologies in India also," Dwivedi said. Zoho Corporation, which provides cloud-based business software and software-as-a-service applications, said Taiwan was emerging as an important market for the company and that businesses in the region were increasingly engaging with its products. "We are here in Taiwan because it is a growing market for us, it has good potential for Zoho," said Eng Kit Goh, market lead for Hong Kong, South Korea and Taiwan. "There is a lot of opportunity for us in Taipei and Taiwan in general in terms of digital adoption, a lot of businesses are engaging with us," he said. Zoho said India's growing reputation in software development and technology services had helped build trust among customers in Taiwan. "People have recognised Indian expertise in terms of technology, in terms of software development, there is a trust as well," Goh said. Organisers said they hoped to see greater participation from Indian companies in future editions of the exhibition as technology cooperation between the two sides continued to expand. "We are extending a warm invitation to India's vibrant tech industry, encouraging stronger participation as the show continues to grow into one of the world's most influential platforms for AI and technology innovation," said James C F Huang, Chairman of the Taiwan External Trade Development Council. Strategic partnerships in semiconductor manufacturing, AI infrastructure and electronics supply chains have strengthened India-Taiwan technology ties in recent years. While Taiwan provides technical expertise and manufacturing capabilities, India offers a large consumer market, raw materials and a skilled workforce. The event a leading global exhibition focused on artificial intelligence, computing technologies and startups concluded on Friday. According to the organisers, the exhibition attracted 111,312 buyers and visitors from 152 countries and regions, including Japan, the United States, South Korea, China, Hong Kong, Singapore, Vietnam, India, Thailand and Malaysia. Companies such as Nvidia, Intel, Marvell and Qualcomm unveiled major products and initiatives during the exhibition. Most of these firms already have a significant presence in India. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 06 2026 | 1:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cupid Breweries and Distilleries said that it has entered into an agreement with United Spirits, a Diageo Group company, for the purchase of an operational alco-beverage manufacturing unit in Gopalpur, Odisha, for Rs 22.50 crore. The agreement covers the acquisition of land, building, plant and machinery, along with premium excise licenses required for production at the facility. As part of the transaction, the company has paid an advance of Rs 1 crore, including applicable TDS. The facility has an installed production capacity of approximately 2.5 lakh cases per month. The acquisition is expected to strengthen Cupid Breweries manufacturing capabilities and support its expansion plans in the alco-beverage segment. The company said the deal marks a significant step in its growth strategy and will provide a strong production base for future expansion once completed. Cupid Breweries & Distilleries engaged in the business as an trading company and to carry on the business of buyers, sellers, suppliers, traders, merchants, exporters, importers, and dealers of Tea, coffee, tobacco, minerals etc. & other gases fire, wood, coke and coal and other edible and non-edible oils, Plant and Machinery, spare parts & accessories, commercial, man-made & natural fibers, textiles of all kinds, all types of paper & its products, iron, steel & their products and all kinds of machinery accessories & other things required in connection herewith. United Spirits is one of the leading beverage alcohol companies in India. It is a subsidiary of Diageo Plc. Shares of Cupid Breweries & Distilleries rallied 4.96% to close at Rs 25.38, while United Spirits declined 0.32% to end at Rs 1,246.15 on the BSE. First Published: Jun 06 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 06 June 2026 First Published: Jun 06 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 9.41% to Rs 382.62 crore For the full year,net profit rose 18.22% to Rs 31.79 crore in the year ended March 2026 as against Rs 26.89 crore during the previous year ended March 2025. Sales rose 18.43% to Rs 1345.60 crore in the year ended March 2026 as against Rs 1136.23 crore during the previous year ended March 2025. First Published: Jun 06 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Le Travenues Technology (Ixigo) said its board has approved the acquisition of a 54.66% stake in Brevistay Hospitality for Rs 65.69 crore through a mix of secondary and primary share purchases. The company has also committed Rs 12 crore to two artificial intelligence startups as part of its strategy to strengthen its hotels business and technology capabilities. The acquisition will include a non-compete fee and, upon completion, Brevistay will become a subsidiary of ixigo. The company will also have the right to acquire the remaining stake in the hotel-booking platform in the future, subject to certain conditions. Founded in 2016, Brevistay operates a platform that enables users to book hotel rooms for flexible durations, including hourly stays. The company reported an unaudited turnover of Rs 18.1 crore in FY26, compared with Rs 12.23 crore in FY25 and Rs 8.83 crore in FY24. The transaction is expected to be completed on or before July 31, 2026. With the acquisition, ixigo aims to strengthen its hotels business and expand its accommodation offerings. In a separate development, ixigo approved an investment of Rs 7.5 crore in Ofintelligence Technologies Pvt Ltd (Proactai) for a 10.34% stake through subscription of compulsorily convertible preference shares. Proactai, incorporated in May 2024, develops vertical foundational AI models focused on person re-identification and object tracking. The startup reported unaudited revenue of Rs 12.02 lakh in FY26. The company also approved an investment of Rs 4.5 crore in Forgeurai Systems (Vestra.AI) through subscription of 450,000 fully convertible debentures. Vestra.AI develops AI operating systems for enterprises, focusing on autonomous AI agent orchestration and workflow automation. The company reported revenue of Rs 1.25 lakh in FY26. According to ixigo, the investments in Proactai and Vestra.AI will help accelerate development of AI-powered software and strengthen its artificial intelligence capabilities. All transactions will be executed in cash and are subject to customary closing conditions. The company said none of the deals are related-party transactions. Le Travenues Technology was founded in 2006 and is an online travel agency (OTA) that enables travelers to book train, flight, and bus tickets as well as hotels via its OTA platforms under the brand name ixigo. The companys consolidated net profit jumped 91.1% to Rs 31.96 crore on 8.4% rise in revenue from operations to Rs 308.05 crore in Q4 FY26 over Q4 FY25. The scrip rose 1.63% to end at Rs 155.45 on the BSE on Friday, June 5, 2026. First Published: Jun 06 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TVS Motor has gone beyond the product to create engaging brand ecosystems through communities, experiences, merchandise, accessories and multiple collaborations First Published: Jun 06 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 05 June 2026 First Published: Jun 06 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Career Point Edutech has secured a contract worth Rs 1.51 crore from the Vasantrao Naik Research and Training Institute (VANARTI), a Maharashtra government undertaking, to provide coaching services for competitive entrance examinations. Under the agreement, the company has been empanelled to deliver online and offline coaching for JEE, NEET and CET aspirants sponsored by VANARTI from the Other Backward Bahujan Welfare Department categories in Maharashtra. The scope of work includes live interactive online classes, offline mentoring sessions, digital study material, online test practice, performance tracking and provision of tablets with data connectivity, wherever applicable. Payments under the contract will be released in instalments linked to course-completion milestones. The order, awarded by a domestic entity, is valued at Rs 1,50,90,000 for 300 students. The contract will remain valid for two years and may be extended annually for up to two additional years on mutually agreed terms. Career Point Edutech said neither its promoters nor promoter group entities have any interest in VANARTI, nor the contract does not fall under related-party transactions. Career Point Edutech engaged in providing Education Service which inter alia includes Education Consultancy, Management Services, Tutorial Services and Residential Hostel Services and business of holding and investment/finance. Career Point Edutech reported a 44.8% year-on-year increase in consolidated net profit to Rs 5.59 crore in Q4 FY26, even as revenue from operations declined 4.9% to Rs 10.66 crore compared with the corresponding quarter of the previous fiscal year. Career Point Edutech shares slipped 0.57% to close at Rs 175 on the BSE on Friday, June 5, 2026. First Published: Jun 06 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The US dollar index surged above 100 mark on Friday to a two month high following strong US jobs report that increased possibility of a Federal Reserve interest rate hike soon. Jobs data showed the US economy added 172,000 positions in May, far exceeding forecasts. The report pushed Treasury yields higher, with the 10-year yield rising above 4.5% fueling concerns that elevated borrowing costs could weigh on economic growth and investment. Meanwhile, lack of any concrete settlement on US and Iran war front that is keeping oil prices elevated is also adding to inflationary pressures and flocking inventors to dollar for respite. US stocks also slumped on Friday after a strong jobs report consolidated the outlook of restrictive interest rates, while chip producers extended their selloff. The dollar index that measures the greenback against a basket of currencies ended the week at 100.03, up 0.67% on the day. First Published: Jun 06 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The US dollar index surged above 100 mark on Friday to a two month high following strong US jobs report that increased possibility of a Federal Reserve interest rate hike soon. Jobs data showed the US economy added 172,000 positions in May, far exceeding forecasts. The report pushed Treasury yields higher, with the 10-year yield rising above 4.5% fueling concerns that elevated borrowing costs could weigh on economic growth and investment. Meanwhile, lack of any concrete settlement on US and Iran war front that is keeping oil prices elevated is also adding to inflationary pressures and flocking inventors to dollar for respite. US stocks also slumped on Friday after a strong jobs report consolidated the outlook of restrictive interest rates, while chip producers extended their selloff. The dollar index that measures the greenback against a basket of currencies ended the week at 100.03, up 0.67% on the day. First Published: Jun 06 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 53.91% to Rs 11.44 crore For the full year,net loss reported to Rs 148.33 crore in the year ended March 2026 as against net profit of Rs 315.25 crore during the previous year ended March 2025. Sales declined 29.79% to Rs 32.97 crore in the year ended March 2026 as against Rs 46.96 crore during the previous year ended March 2025. First Published: Jun 06 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SBI Mutual Fund acquired stakes in Adani Enterprises and Adani Energy Solutions from GQG Partners through open market transactions worth a combined Rs 5,747.54 crore on 5 June 2026. In a separate transaction, SBI Mutual Fund bought 1.64 crore shares, equivalent to a 1.27% stake, in Adani Enterprises at Rs 2,913.40 per share from the same seller. The latest acquisition follows another transaction on 14 May 2026, when SBI Mutual Fund purchased 58.92 lakh shares, or a 0.45% stake, in Adani Enterprises from GQG Partners Emerging Markets Equity Fund at Rs 2,435.60 per share. Shareholding data for the quarter ended March 2026 showed GQG Partners Emerging Markets Equity Fund held a 1.59% stake in Adani Enterprises and a 1.91% stake in Adani Energy Solutions. Following the May transaction, GQG's holding in Adani Enterprises declined to 1.14%. As of March 2026, SBI Equity Hybrid Fund held a 3.67% stake in Adani Energy Solutions. Shares of Adani Enterprises closed at Rs 3,047.85 on 05 June 2026, up 2.52%, while Adani Energy Solutions gained 3.92% to settle at Rs 1,579.45. First Published: Jun 06 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani Ports and Special Economic Zone (APSEZ) has incorporated a new step-down wholly owned subsidiary in the United Arab Emirates as part of its marine business expansion strategy. The newly incorporated entity will be engaged in ship management and operations. APSEZ said the subsidiary has been established to conduct offshore operations locally and support the company's strategy of diversifying its global fleet. According to the filing, Harbour International Shipping FZCO was incorporated on 5 June 2026 with an authorised capital of 100 shares of AED 1,000 each. The Adani Harbour International FZCO holds 100% of the shares in the new entity. The company said the incorporation aligns with its objective of expanding the geographic reach of its marine business and strengthening its integrated marine platform. APSEZ added that no governmental or regulatory approvals were required for the incorporation. APSEZ is the largest private port operator in India. It reported 10.44% jump in consolidated net profit to Rs 3,328.96 crore on 26.5% increase in revenue from operations to Rs 10,737.58 crore in Q4 FY26 over Q4 FY25. The counter advanced 1.82% to settle at Rs 1823.10 on Friday, 5 June 2026. First Published: Jun 06 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to the company, container volumes handled during FY26 rose 34.5% year-on-year to 92,614 TEUs from 68,858 TEUs in FY25. Total operating income increased 6.8% to Rs 573 crore during the year. The company said the rating reaffirmation reflects its market position, diversified service portfolio, asset-light business model and management experience. Infomerics also noted the company's presence across ocean and air freight forwarding, customs clearance, project logistics, warehousing and supply chain solutions. Tiger Logistics stated that global logistics markets remained volatile during FY26 due to geopolitical tensions, supply chain rerouting and competitive pricing pressures. Despite these factors, the company reported higher cargo volumes and maintained moderate leverage and liquidity levels. The company said it has undertaken measures aimed at improving profitability and working capital efficiency. Tiger Logistics expects future growth to be supported by rising demand from sectors such as renewable energy, automotive, electronics and pharmaceuticals, along with expansion into new international markets and a stronger focus on integrated logistics solutions. Tiger Logistics provides international logistics and supply chain services, including freight forwarding, customs clearance, transportation and project logistics. On a standalone basis, Tiger Logistics (India)'s net profit declined 65.53% to Rs 2.22 crore while net sales rose 41.97% to Rs 162.55 crore in Q4 March 2026 over Q4 March 2025. Shares of Tiger Logistics (India) fell 1.72% to settle at Rs 35.99 on 27 May 2026. First Published: Jun 06 2026 | 9:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 15.26% to Rs 3.72 crore For the full year,net profit rose 52.81% to Rs 1.36 crore in the year ended March 2026 as against Rs 0.89 crore during the previous year ended March 2025. Sales rose 1.25% to Rs 14.63 crore in the year ended March 2026 as against Rs 14.45 crore during the previous year ended March 2025. First Published: Jun 06 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 1.36% to Rs 308.22 crore For the full year,net profit declined 18.99% to Rs 31.09 crore in the year ended March 2026 as against Rs 38.38 crore during the previous year ended March 2025. Sales declined 6.40% to Rs 510.77 crore in the year ended March 2026 as against Rs 545.69 crore during the previous year ended March 2025. First Published: Jun 06 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 8:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 8:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Dow Jones Industrial Average fell 1.4 per cent, the S&P 500 lost 2.64 per cent and the Nasdaq Composite dipped 4.2 per cent First Published: Jun 06 2026 | 8:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 8:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Chinese Ambassador to India, Xu Feihong, extended full support to India in its role as the Brics Chair for 2026. In a post on X, Feihong stated that, "India holds the Brics presidency this year and China will take over the presidency in 2027. China fully supports India in its work as the Brics chair and stands ready to work together with India to steer the high-quality development of both Brics and the SCO, and jointly advance an equal and orderly multipolar world." On Friday, India hosted the 11th Brics Foreign Policy Dialogue in New Delhi, bringing together heads of Policy Planning departments from member countries to discuss challenges and opportunities in the current global situation. The Official Spokesperson for the Ministry of External Affairs, Randhir Jaiswal, said, "MEA hosted the 11th Brics Foreign Policy Dialogue on 5th June, 2026, in New Delhi. The heads of Policy Planning departments from the Brics countries engaged in a day-long thematic discussions around future forecasting, challenges and opportunities facing Brics countries in the current global situation and building resilience, innovation, cooperation and sustainability." The dialogue provided an opportunity to deliberate on 'Brics@20'; channelling new and emerging technologies for effective service delivery; accelerating climate action and energy transition; strengthening economic, social and institutional resilience; working together for reforms of institutions of global governance; and people-centric outcomes, as per a statement by the MEA. Aparna Ray, Joint Secretary (Policy Planning & Research), MEA, led the Indian delegation. Meanwhile, the Brics delegation visited Oswali near Ramachandi, Puri, where they observed a safety demonstration. A delegate member told ANI, "The level of training was very impressive. Visiting the World Heritage Temple was great, seeing how centuries ago people built such precise structures without formal engineering training. Over these three days, the experience has been wonderful -- the food, the people, their warmth, and the hospitality from the airport to the hotels have all been excellent." Another Brics delegate member told ANI that she got to learn a lot from the session. "It was amazing. We learned a lot from the session. We went inside the boat, which was a wonderful experience. I really enjoyed it. It was exciting and interesting to see the artwork... Come to India to visit, and you'll see and learn so much. The food is great here," she said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 06 2026 | 7:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 7:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 06 2026 | 7:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Union Minister Piyush Goyal added that a high-level team is expected to visit India towards the end of this month India and the US are moving towards closing all the open ends of the interim trade agreement, and both sides are likely to execute the "very, very vibrant" first phase of the pact by the middle of next month, Commerce and Industry Minister Piyush Goyal said on Friday. He said that the US team was in New Delhi from June 2-4 for finalisation of the deal. They held discussions with the Indian team. "I also met with them yesterday, and we are fast moving towards closing all the open ends, and I think sometime by the middle of next month or so, we should be in a position to execute a very, very vibrant first tranche... "It is only the first tranche of our bilateral trade agreement, which will give preferential access to India over our competitors," he told reporters here. He added that a high-level team is expected to visit India towards the end of this month. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 05 2026 | 5:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 3.55 crore shares as against 2.16 crore shares on offer. The issue opened for bidding on 5 June 2026 and it will close on 9 June 2026. The price band of the IPO is fixed between Rs 42 and 45 per share. An investor can bid for a minimum of 333 equity shares and in multiples thereof. The IPO consists entirely of an offer for sale of 3,08,59,704 equity shares aggregating up to Rs 138.87 crore by existing shareholders Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Aditya Kelkar and Nutan Subhash Kelkar. The company will not directly receive any proceeds from the offer, and all the offer proceeds will be received by the selling shareholders in proportion to the offered shares sold by them. The promoters are Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Vikram Arun Kelkar, Nikhil Arun Kelkar and Aditya Kelkar. The promoters and promoter group hold an aggregate of 10,98,83,804 equity shares, aggregating to 89.4% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is expected to be around 64.29%. Hexagon Nutrition is a nutrition-focused company engaged in the development and manufacturing of micronutrient premixes, wellness and clinical nutrition products, therapeutic formulations, and ready-to-use foods. It caters to both consumer and institutional markets through its branded nutrition products, premix formulations, and nutrition-focused ESG initiatives. The company owns brands such as Pentasure, Obesigo, PediaGold, and Nutrone, and also supplies customized vitamin and mineral premixes to leading FMCG companies. It operates manufacturing facilities in India and Uzbekistan, exports products to over 75 countries, and has in-house R&D capabilities to support product development and innovation. Ahead of the IPO, Hexagon Nutrition on Thursday, 04 June 2026, raised Rs 41.65 crore from anchor investors. The board allotted 92.57 lakh shares at Rs 45 each to 5 anchor investors. The firm reported a consolidated net profit of Rs 27.03 crore and sales of Rs 267.59 crore for the nine months ended on 31 December 2025. First Published: Jun 05 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee appreciated 81 paise to close at 94.93 (provisional) against the US dollar on Friday after the Reserve Bank announced measures to support foreign capital inflows and strengthen forex liquidity. The announcements in the RBI policy boosted investor sentiments after the apex bank asserted that the country's forex reserves provide a sufficient buffer against external shocks. The Reserve Bank on Friday expectedly kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis. The RBI kept its repo rate Steady at 5.25% amid uncertainty owing to US-Iran War. However, it expanded the Fully Accessible Route, or FAR, to include all new 15-year, 30-year and 40-year government security issuances. Due to this, the foreign investors will get wider access to longer-tenor Indian government bonds. This also opens up more room to invest in Indias bond market. The central bank has also removed investment concentration limits for foreign portfolio investors under the general route. This gives FPIs greater flexibility while investing in Indian debt. The benchmark 10-year G sec yield slipped following this and broke well under 7% mark. Yields also turned lower as government has scrapped long-term capital gains tax on investments made by foreign institutional investors (FIIs) in government securities. First Published: Jun 05 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The S&P BSE Sensex declined 116.67 points or 0.16% to 74,243.34. The Nifty 50 index slipped 49.85 points or 0.21% to 23,366.70. Trent (down 2.23%), HDFC Bank (down 0.95%) and Reliance Industries (down 0.52%) were major Nifty drags today. The broader market outperformed the frontline indices. The BSE 150 MidCap Index fell 0.10% and the BSE 250 SmallCap Index shed 0.01%. The market breadth was negative. On the BSE, 2,056 shares rose and 2,138 shares fell. A total of 217 shares were unchanged. RBI MPC Outcome: The MPC, chaired by RBI Governor Sanjay Malhotra, unanimously voted to maintain the repo rate under the liquidity adjustment facility (LAF) at 5.25%. Accordingly, the standing deposit facility (SDF) rate remains at 5%, while the marginal standing facility (MSF) rate and the bank rate continue at 5.50%. The committee also retained its neutral policy stance. The RBI noted that the prolonged conflict in West Asia has increased risks to both global growth and inflation. Volatile energy markets, falling crude inventories and rising commodity prices have prompted major central banks to adopt a more cautious approach, with advanced economies expected to lean towards tighter monetary policies. On the domestic front, economic activity has remained resilient, supported by steady private consumption, sustained investment momentum, robust services exports and strong merchandise export growth in April 2026. However, higher freight and insurance costs, coupled with geopolitical uncertainties, are beginning to weigh on the economy. The central bank also flagged concerns over a deficient south-west monsoon, though various government initiatives are expected to help mitigate the impact on agriculture and rural demand. Taking these factors into account, the RBI revised its FY27 real GDP growth forecast to 6.6% from 6.9% projected earlier. Growth is now estimated at 6.6% in Q1, 6.3% in Q2, 6.5% in Q3 and 6.8% in Q4. The central bank said prolonged supply chain disruptions, volatility in global financial markets and weather-related shocks remain key downside risks to growth. CPI inflation for FY27 has been projected at 5.1%, compared with the earlier estimate of 4.6%. Quarterly inflation is expected at 4.2% in Q1, 5.1% in Q2, 5.9% in Q3 and 5.4% in Q4, while core inflation is projected at 4.7% for the year. The RBI highlighted that elevated energy prices, global supply constraints, a weaker monsoon outlook and the risk of El Ni have increased inflation uncertainties. Given these evolving risks, the MPC decided that maintaining the current policy rate and stance would be appropriate until greater clarity emerges. The minutes of the MPC meeting will be published on 19 June 2026. The next MPC meeting is scheduled for 3 to 5 August 2026. Economy: India's economy grew at a higher pace of 7.7% during 2025-26 as compared to 7.1% in 2024-25, according to government data released on Friday. In January-March period of the 2025-26 fiscal year, the gross domestic product (GDP) has been estimated to grow 7.8%, the Ministry of Statistics & Programme Implementation (MoSPI) said. Meanwhile, the government has announced a series of reforms to attract long-term foreign capital, including exempting Foreign Portfolio Investors (FPIs) from income tax on interest income and capital gains arising from investments in government securities (G-Secs) with effect from 1 April 2026. Similar tax benefits have been extended to the Bank for International Settlements (BIS). The government has also expanded foreign investor access to government bonds by including additional long-tenor securities and Sovereign Green Bonds under the Fully Accessible Route (FAR), while removing certain investment restrictions under the General Route. At the same time, investment norms for individual Persons Resident Outside India (PROIs) have been liberalised, allowing them to invest in listed Indian equities through the Portfolio Investment Scheme with higher investment limits. The Finance Ministry said the measures are aimed at simplifying market access, enhancing ease of doing business and attracting stable foreign inflows into India's equity and debt markets. Numbers to Track: The yield on India's 10-year benchmark federal paper fell 0.29% to 6.975 compared with previous session close of 6.995. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.9375 compared with its close of 95.7450 during the previous trading session. MCX Gold futures for 5 August 2026 settlement dropped 0.86% to Rs 158,180. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.26% to 99.19. The United States 10-year bond yield declined 0.02% to 4.476. In the commodities market, Brent crude for August 2026 settlement lost 5 cents or 0.05% to $94.98 a barrel. Global Markets: European indices traded higher on Friday as investors weighed ongoing geopolitical tensions in the Middle East against signs of cooling momentum in the artificial intelligence-led market rally. Asian shares declined sharply as investors booked profits in technology stocks and rotated into more economically sensitive sectors. South Korea's KOSPI was the worst-performing major index in the region, tumbling as much as 6% amid a steep sell-off in semiconductor shares. Samsung Electronics and SK Hynix plunged more than 8% each in early trade before recovering some losses later in the session. The weakness in chipmakers dragged regional markets lower. Overnight, Wall Street delivered a mixed performance. The Dow Jones Industrial Average surged to a record high, while the Nasdaq Composite slipped as investors shifted away from AI and semiconductor stocks. The Dow climbed 874.86 points, or 1.73%, to a record close of 51,561.93. The S&P 500 advanced 0.41% to 7,584.31, while the Nasdaq edged down 0.09% to 26,830.96. The sector rotation was triggered by a sharp decline in Broadcom shares. The stock plunged more than 12% after the company's fiscal second-quarter revenue missed market estimates. The broader semiconductor sector also came under pressure. The VanEck Semiconductor ETF fell more than 1%, while Arm Holdings dropped over 4% and Micron Technology slid nearly 8%. Markets also remained sensitive to developments in the Middle East. Conflicting signals from ongoing negotiations to end the conflict have unsettled investors and contributed to a recent rise in oil and fuel prices. Stocks in Spotlight: Tata Steel fell 1.80% on media reports indicated that a fire broke out at the company's Port Talbot plant in the UK on Wednesday night, leading to a temporary suspension of operations in a section of the facility. ACME Solar Holdings gained 3.12% after the company announced the successful completion of its Rs 2,800 crore Qualified Institutions Placement (QIP). Bharat Heavy Electricals shed 0.58%. The company has received a notification of award (NOA) from Meja Urja Nigam (MUNPL) for the 3x800 MW Meja Supercritical Thermal Power Project Stage-II EPC package. Lupin added 0.80%. The company announced that the United States Food and Drug Administration (USFDA) has approved its ranibizumab, Ranluspec (ranibizumab-hkdz) injection. Juniper Hotels advanced 2.02% after the company has entered into an agreement with Juniper Hospitality Assets (JHAPL), and its seller shareholders, Arun Kumar Saraf and Varun Saraf, for the proposed transaction. The company will develop a five- Star hotel on land parcel measuring approximately 2.524 acres in Sector 23, Dwarka, New Delhi, having emerged as the successful bidder for the licence rights to the site. Alembic Pharmaceuticals rose 0.12%. The company announced that it has received final approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Haloperidol Tablets USP in strengths of 1 mg, 2 mg, 5 mg, 10 mg, and 20 mg. Bajaj Electricals gained 2.55% after the company announced its entry into cables category under its lighting solutions segment, aiming to capitalize on the growing demand in the cables industry. Bluspring Enterprises surged 11.40% after it has secured a comprehensive operations and maintenance (O&M) contract from Bharat Aluminium Company (BALCO) for its 1,740 MW power plant. Nephrocare Health Services rose 2.25% after its wholly owned subsidiary, Nephrocare Health Care Services Philippines Inc., has entered into an Asset Transfer Agreement with Inocentes Dialysis Clinic. IPO Update: Hexagon Nutrition received bids for 3,47,45,886 shares as against 2,16,02,008 shares on offer, according to stock exchange data at 16:45 IST on Friday (5 June 2026). The issue was subscribed 1.61 times. The issue opened for bidding on 5 June 2026 and it will close on 9 June 2026. The price band of the IPO is fixed between Rs 42 to Rs 45 per share. CMR Green Technologies received bids for 2,92,36,91,784 shares as against 2,30,43,930 shares on offer, according to stock exchange data at 16:45 IST on Friday (5 June 2026). The issue was subscribed 126.87 times. The issue opened for bidding on 03 June 2026 and it will close on 5 June 2026. The price band of the IPO is fixed between Rs 182 to 192 per share. First Published: Jun 05 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 05 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank (India), State Bank of India and Reliance Industries were top traded contracts. In the cash market, the Nifty 50 index lost 49.85 points or 0.21% to 23,366.70. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.61% to 15.79. HDFC Bank (India), State Bank of India and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE. The June 2026 F&O contracts will expire on 30 June 2026. First Published: Jun 05 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coal India announced series of business-friendly initiatives, aimed at enhancing coal availability for non-regulated sector (NRS) consumers and providing greater operational flexibility to industry participants. Responding to demands from the steel (coking) sector, the company has allowed them to sell coal middlings in the open market. Middlings are power grade coal that are residual byproduct of washed raw coking coal. While some steel plants consume these quantities in captive power generation, surplus volumes can now be sold externally. The provision has been introduced under the ongoing Tranche-X linkage auctions, which commenced on 3 June 2026. The company has offered 13.75 MTs coal to Steel (coking) sub-sector in current tranche, while also permitting the change of consortium partners over the duration of the linkage period. Earlier, they had the option of changing the partners twice during the contract, which is now increased to five. The company has also eased norms for NRS consumers planning greenfield and brownfield projects. Such consumers can now secure coal linkages before project commissioning. They can source coal within three years after the participation in the linkages which enables them to secure bank loans as fuel sourcing is tied up with this. It gives them greater leverage in the market. The company continues to meet coal requirements of the power sector through various auction windows. Between January and May of the current fiscal year, the company offered 57.8 MT of coal under Window-II (short-term) and 69.2 MT under Window-I (long- and medium-term). The company said that it continues to meet the coal requirements of the power sector. As a natural occurrence, coal stock levels tend to shrink at coal fired plants, fueled by peak summer demand. Therefore, marginal decline in coal stocks at power plants is not a cause for concern, as sustained coal production is ensuring continuous replenishment of fresh stocks. The company will be conducting the next round of shortterm auctions under SHAKTI policy on 8 June, for power sector consumers, where around 34 MTs of coal would be put on the block. Coal India is India's largest coal producer and a Maharatna public sector undertaking. The company primarily engages in coal mining and production and supplies coal to power, steel, cement, fertilizer and other industrial sectors. For the quarter ended March 2026, Coal India reported a 12.9% increase in consolidated net profit to Rs 10,839.18 crore, while revenue from operations rose 5.75% to Rs 46,490.03 crore compared with the corresponding quarter of the previous year. The counter declined 1.96% to end at Rs 472.30 on the BSE. First Published: Jun 05 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 05 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BCPL Railway Infrastructure announced that it has received an order worth Rs 4.72 crore from Eastern Railway, Howrah Division. The company said the project is scheduled to be completed within 18 months from the date of the Letter of Acceptance. BCPL Railway Infrastructure is engaged in the execution of railway electrification projects, turnkey overhead equipment (OHE) projects, and other infrastructure works for Indian Railways as well as non-government clients. The company's consolidated net profit dropped 53.3% year-on-year to Rs 0.84 crore in Q4 FY26, as revenue from operations declined 25.5% to Rs 57.92 crore. The counter slipped 1.15% to Rs 77.05 on the BSE. First Published: Jun 05 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE, Stock Markets First Published: Jun 05 2026 | 4:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE, Stock Markets First Published: Jun 05 2026 | 4:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty settled below the 23,400 mark. Metal, IT and oil & gas stocks witnessed selling pressure, while media, healthcare and realty shares attracted buying interest. As per provisional closing data, the barometer index, the S&P BSE Sensex declined 116.67 points or 0.16% to 74,243.34. The Nifty 50 index fell 49.85 points or 0.21% to 23,366.70. The broader market outperformed the frontline indices. The BSE 150 MidCap Index slipped 0.10% and the BSE 250 SmallCap Index shed 0.01%. The market breadth was negative. On the BSE, 2,060 shares rose and 2,136 shares fell. A total of 215 shares were unchanged. In the commodities market, Brent crude for Aug 2026 settlement shed 3 cents or 0.03% to $95 a barrel. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.9375 compared with its close of 95.7450 during the previous trading session. IPO Update: The initial public offer (IPO) of Hexagon Nutrition received bids for 2,67,70,203 shares as against 2,16,02,008 shares on offer, according to stock exchange data at 15:15 IST on Friday (05 June 2026). The issue was subscribed 1.24 times. The issue opened for bidding on 05 June 2026 and it will close on 09 June 2026. The price band of the IPO is fixed between Rs 42 to Rs 45 per share. The initial public offer (IPO) of CMR Green Technologies received bids for 2,20,49,77,632 shares as against 2,30,43,930 shares on offer, according to stock exchange data at 15:15 IST on Friday (05 June 2026). The issue was subscribed 95.69 times. The issue opened for bidding on 03 June 2026 and it will close on 05 June 2026. The price band of the IPO is fixed between Rs 182 to 192 per share. RBI MPC Outcome: The MPC, chaired by RBI Governor Sanjay Malhotra, unanimously voted to maintain the repo rate under the liquidity adjustment facility (LAF) at 5.25%. Accordingly, the standing deposit facility (SDF) rate remains at 5%, while the marginal standing facility (MSF) rate and the bank rate continue at 5.50%. The committee also retained its neutral policy stance. The RBI noted that the prolonged conflict in West Asia has increased risks to both global growth and inflation. Volatile energy markets, falling crude inventories and rising commodity prices have prompted major central banks to adopt a more cautious approach, with advanced economies expected to lean towards tighter monetary policies. On the domestic front, economic activity has remained resilient, supported by steady private consumption, sustained investment momentum, robust services exports and strong merchandise export growth in April 2026. However, higher freight and insurance costs, coupled with geopolitical uncertainties, are beginning to weigh on the economy. The central bank also flagged concerns over a deficient south-west monsoon, though various government initiatives are expected to help mitigate the impact on agriculture and rural demand. Taking these factors into account, the RBI revised its FY27 real GDP growth forecast to 6.6% from 6.9% projected earlier. Growth is now estimated at 6.6% in Q1, 6.3% in Q2, 6.5% in Q3 and 6.8% in Q4. The central bank said prolonged supply chain disruptions, volatility in global financial markets and weather-related shocks remain key downside risks to growth. CPI inflation for FY27 has been projected at 5.1%, compared with the earlier estimate of 4.6%. Quarterly inflation is expected at 4.2% in Q1, 5.1% in Q2, 5.9% in Q3 and 5.4% in Q4, while core inflation is projected at 4.7% for the year. The RBI highlighted that elevated energy prices, global supply constraints, a weaker monsoon outlook and the risk of El Ni have increased inflation uncertainties. Given these evolving risks, the MPC decided that maintaining the current policy rate and stance would be appropriate until greater clarity emerges. The minutes of the MPC meeting will be published on 19 June 2026. The next MPC meeting is scheduled for 3 to 5 August 2026. Economy The government has announced a series of reforms to attract long-term foreign capital and deepen India's capital markets, including exempting Foreign Portfolio Investors (FPIs) from income tax on interest income and capital gains arising from investments in government securities (G-Secs) with effect from 01 April 2026. Similar tax benefits have been extended to the Bank for International Settlements (BIS). The government has also expanded foreign investor access to government bonds by including additional long-tenor securities and Sovereign Green Bonds under the Fully Accessible Route (FAR), while removing certain investment restrictions under the General Route. At the same time, investment norms for individual Persons Resident Outside India (PROIs) have been liberalised, allowing them to invest in listed Indian equities through the Portfolio Investment Scheme with higher investment limits. The Finance Ministry said the measures are aimed at simplifying market access, enhancing ease of doing business and attracting stable foreign inflows into India's equity and debt markets. India's economy grew at a higher pace of 7.7% during 2025-26 as compared to 7.1% in 2024-25, according to government data released on Friday. In January-March period of the 2025-26 fiscal year, the gross domestic product (GDP) has been estimated to grow 7.8%, the Ministry of Statistics & Programme Implementation (MoSPI) said. Buzzing Index: The Nifty Metal index dropped 1.60% to 13,221.65. The index fell 2.47% in three consecutive trading sessions. Hindustan Zinc (down 6.14%), National Aluminium Company (down 4.42%), Vedanta (down 3.63%), Steel Authority of India (down 3.42%), Hindalco Industries (down 2.93%), Hindustan Copper (down 2.78%), NMDC (down 1.90%), Tata Steel (down 1.8%), Jindal Steel (down 1.33%) and JSW Steel (down 1.31%) declined. On the other hand, Adani Enterprises (up 2.54%), APL Apollo Tubes (up 0.79%) and Lloyds Metals & Energy (up 0.17%) edged higher. Stocks in Spotlight: Bharat Heavy Electricals shed 0.86%. The company has received a notification of award (NOA) from Meja Urja Nigam (MUNPL) for the 3x800 MW Meja Supercritical Thermal Power Project Stage-II EPC package. Lupin added 0.71%. The company announced that the United States Food and Drug Administration (USFDA) has approved its ranibizumab, Ranluspec (ranibizumab-hkdz) injection. Juniper Hotels advanced 2.32% after the company has entered into an agreement with Juniper Hospitality Assets (JHAPL), and its seller shareholders, Arun Kumar Saraf and Varun Saraf, for the proposed transaction. The company will develop a five- Star hotel on land parcel measuring approximately 2.524 acres in Sector 23, Dwarka, New Delhi, having emerged as the successful bidder for the licence rights to the site. Alembic Pharmaceuticals rose 0.15%. The company announced that it has received final approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Haloperidol Tablets USP in strengths of 1 mg, 2 mg, 5 mg, 10 mg, and 20 mg. CG Power and Industrial Solutions rose 0.04%. The company announced the commissioning and commencement of commercial production at its extra high-voltage (EHV) switchgear manufacturing facility, S3 Unit-II, in Nashik, Maharashtra. Bajaj Electricals gained 2.43% after the company announced its entry into cables category under its lighting solutions segment, aiming to capitalize on the growing demand in the cables industry. Bluspring Enterprises surged 10.82% after it has secured a comprehensive operations and maintenance (O&M) contract from Bharat Aluminium Company (BALCO) for its 1,740 MW power plant. Nephrocare Health Services rose 2.36% after its wholly owned subsidiary, Nephrocare Health Care Services Philippines Inc., has entered into an Asset Transfer Agreement with Inocentes Dialysis Clinic. Global Markets: European markets traded higher on Friday, even as investors assessed renewed uncertainty surrounding geopolitical tensions in the Middle East and signs of moderation in the previously strong artificial intelligence (AI)-driven rally. Meanwhile, Asian markets slumped as investors booked profits in technology stocks and shifted towards more economically sensitive sectors. South Korea's KOSPI emerged as the worst-performing major index in the region, falling as much as 6% during the session amid a sharp sell-off in semiconductor stocks. Shares of Samsung Electronics and SK Hynix tumbled more than 8% each in early trade, although both stocks later pared a portion of their losses. The weakness in chipmakers weighed heavily on overall market sentiment across the region. Overnight in the U.S., the Dow Jones Industrial Average rallied to a fresh all-time high, while the Nasdaq Composite underperformed as investors appeared to rotate out of chip names in favor of non-tech stocks. The 30-stock Dow jumped 874.86 points, or 1.73%, to close at a record 51,561.93. The Nasdaq lost 0.09% and ended at 26,830.96, while the S&P 500 rose 0.41% to 7,584.31. The rotation was sparked by a sell-off in Broadcom that led investors to pare exposure to AI-linked stocks. The chipmaker slid more than 12% after its fiscal second-quarter revenue missed estimates. Chip names, which led the latest leg higher in the markets rally to record levels, fell broadly. The VanEck Semiconductor ETF (SMH) lost more than 1%. Arm Holdings shed more than 4%, while Micron Technology fell close to 8%. Stocks also came under pressure on Middle East worries. Mixed messages have emerged recently out of negotiations to end the war, which has upset global markets and caused oil and gasoline prices to spike. First Published: Jun 05 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The convergence is not limited to one platform. First Published: Jun 05 2026 | 4:13 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 05 2026 | 4:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Euro jumped on Friday against the dollar as recent Eurozone data signals towards an ECB rate hike in the near term. Euro-area inflation hit 3.2% in May, its highest in over two and a half years amid rising inflationary pressures due to elevated oil prices. However, Eurozone retail sales data for April declined at a faster pace of 0.4% in April, compared to the 0.3% contraction expected. Meanwhile, dollar index is trading slightly lower on Friday, favoring gains in Euro. The US Dollar Index (DXY), which tracks the Greenbacks value against six major currencies, trades 0.19% lower to near 99.19 ahead of the United States (US) Nonfarm Payrolls (NFP) data for May. EUR/USD pair is extending gains above $1.16 at $1.1643, up 0.20% on the day although caution will be exercised amid developments surrounding a potential US-Iran peace agreement to end recent hostilities. Tensions remain highly elevated following warnings from Iranian Foreign Minister Abbas Araghchi, who declared that the strategic Strait of Hormuz falls within Iranian and Omani territorial waters and asserted that US regional military bases are active targets for retaliation. On the NSE, EUR/INR futures are down 0.76% at 110.80. First Published: Jun 05 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Steel fell 1.88% to Rs 206.60 on media reports indicated that a fire broke out at the company's Port Talbot plant in the UK on Wednesday night, leading to a temporary suspension of operations in a section of the facility. Media reports further stated that the incident was not related to the demolition of an empty gas holder, which took place earlier on Wednesday evening. Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 million tonnes per annum. The steelmaker reported a 124.9% surge in consolidated net profit to Rs 2,925.74 crore on 12.53% jump in income from operations to Rs 62,687.31 crore in Q4 FY26 over Q4 FY25. First Published: Jun 05 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fiorentino Perez First Published: Jun 05 2026 | 3:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investors also stayed cautious amid fragile US-Iran ceasefire talks and reports of stalled negotiations, despite President Donald Trumps assurances that discussions are nearing completion. On the domestic side, data showed Japans real wages rose for the fourth month in a row, fueling expectations that the Bank of Japan could raise interest rates later this month. Technology stocks led the decline, with Tokyo Electron (-6.6%), Murata Manufacturing (-2.1%), Taiyo Yuden (-1.5%), Fujikura (-1.2%), and Advantest (-5%) among the biggest losers. Despite Fridays drop, the Nikkei still managed a 0.39% gain for the week, after hitting fresh all-time highs earlier. First Published: Jun 05 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investor mood was dampened by a weaker-than-expected AI outlook from Broadcom, which hurt confidence in the sector. Geopolitical tensions also weighed on sentiment, with reports of Tehran striking Kuwait and US forces operating near the Strait of Hormuz, even as Israel and Lebanon agreed to a ceasefire. For the week, the Shanghai Composite fell 1%, marking its fourth straight weekly loss, while the Shenzhen Component shed 1.67%, its second consecutive weekly decline. First Published: Jun 05 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Suven Life Sciences Ltd, Ravindra Energy Ltd, Sunflag Iron & Steel Company Ltd and Exicom Tele-Systems Ltd are among the other losers in the BSE's 'B' group today, 05 June 2026. Suven Life Sciences Ltd, Ravindra Energy Ltd, Sunflag Iron & Steel Company Ltd and Exicom Tele-Systems Ltd are among the other losers in the BSE's 'B' group today, 05 June 2026. Jagran Prakashan Ltd tumbled 13.82% to Rs 67.39 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 1.17 lakh shares were traded on the counter so far as against the average daily volumes of 92229 shares in the past one month. Suven Life Sciences Ltd lost 8.97% to Rs 242.5. The stock was the second biggest loser in 'B' group.On the BSE, 1.34 lakh shares were traded on the counter so far as against the average daily volumes of 1.36 lakh shares in the past one month. Ravindra Energy Ltd crashed 8.10% to Rs 127.6. The stock was the third biggest loser in 'B' group.On the BSE, 1.58 lakh shares were traded on the counter so far as against the average daily volumes of 50658 shares in the past one month. Sunflag Iron & Steel Company Ltd dropped 8.09% to Rs 373.7. The stock was the fourth biggest loser in 'B' group.On the BSE, 1.52 lakh shares were traded on the counter so far as against the average daily volumes of 49108 shares in the past one month. Exicom Tele-Systems Ltd fell 7.63% to Rs 134.3. The stock was the fifth biggest loser in 'B' group.On the BSE, 3.59 lakh shares were traded on the counter so far as against the average daily volumes of 2.86 lakh shares in the past one month. First Published: Jun 05 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sai Life Sciences, Laurus Labs registered new life-time highs on Friday. (Illustration: Binay Sinha) First Published: Jun 05 2026 | 3:07 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The development comes after days of speculation over Annamalai's future in the party. Earlier this week, he met senior BJP leaders, including Union Home Minister Amit Shah, BJP National President Nitin Nabin, and BJP national general secretary (organisation) B.L. Santhosh in New Delhi. According to reports, Annamalai informed the party leadership of his decision to step down and cited disagreements with the party leadership over the last 18 months over the political direction and strategy in Tamil Nadu. Annamalai joined the BJP in 2020 after resigning from the Indian Police Service (IPS). He was appointed president of the Tamil Nadu BJP in 2021 and emerged as one of the party's most prominent leaders in the state. In April 2025, Annamalai was replaced as Tamil Nadu BJP president by Nainar Nagendran. The BJP subsequently contested the 2026 Tamil Nadu Assembly elections as part of the AIADMK-led alliance. Following his resignation, Annamalai announced a new political movement. He directed supporters to his platform https://wetheleader.org/ and stated his intention to contest the 2031 Tamil Nadu Assembly elections as an independent candidate. Details regarding the formal structure of the movement are yet to be fully disclosed. First Published: Jun 05 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sky Gold & Diamonds Ltd, Hindustan Zinc Ltd, HFCL Ltd and National Aluminium Company Ltd are among the other losers in the BSE's 'A' group today, 05 June 2026. Sky Gold & Diamonds Ltd, Hindustan Zinc Ltd, HFCL Ltd and National Aluminium Company Ltd are among the other losers in the BSE's 'A' group today, 05 June 2026. Wockhardt Ltd tumbled 7.09% to Rs 1926 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.4 lakh shares were traded on the counter so far as against the average daily volumes of 1.96 lakh shares in the past one month. Sky Gold & Diamonds Ltd crashed 6.92% to Rs 531.8. The stock was the second biggest loser in 'A' group.On the BSE, 1.28 lakh shares were traded on the counter so far as against the average daily volumes of 1.38 lakh shares in the past one month. Hindustan Zinc Ltd lost 5.87% to Rs 568.3. The stock was the third biggest loser in 'A' group.On the BSE, 3.36 lakh shares were traded on the counter so far as against the average daily volumes of 2.91 lakh shares in the past one month. HFCL Ltd fell 5.00% to Rs 187.2. The stock was the fourth biggest loser in 'A' group.On the BSE, 24.55 lakh shares were traded on the counter so far as against the average daily volumes of 34.53 lakh shares in the past one month. National Aluminium Company Ltd pared 4.90% to Rs 393.65. The stock was the fifth biggest loser in 'A' group.On the BSE, 3.74 lakh shares were traded on the counter so far as against the average daily volumes of 4.44 lakh shares in the past one month. First Published: Jun 05 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nitin Bhasin, Head of Institutional Equities, Ambit First Published: Jun 05 2026 | 2:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 05 2026 | 2:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil India (OIL) announced the presence of natural gas in its 3rd exploratory well Vijayapuram-3 (Loc. OAEB), drilled 15 km oA the east coast of the Andaman Islands at a water depth of 355 meters in the Offshore Andaman Block AN-OSHP-2018/1 under the Open Acreage Licensing Policy (OALP). OIL now establishes presence of hydrocarbon in 2 (two) wells out of 3 (three) exploratory wells drilled so far. Occurrence of natural gas was reported in 2nd exploratory well Vijayapuram-2 (Loc. OAEA) on 26 September 2025. Initial production testing of the well at the depth of 1900 plus meters in the Eocene formation has established the presence of natural gas through continuous flaring. Post perforation, immediate pressure build up was observed and well started to produce. Further gas sampling is being undertaken to assess the composition & calorific value of gas and to carry out isotope studies to understand the genesis of the gas. As per preliminary assessment, this is a leading indicator of presence of source or migration pathway or accumulation of hydrocarbon in current prospect, which will help in strategizing future exploratory program. Pursuant to reported occurrence of gas in 2nd exploratory well Vijayapuram-2 (Loc. OAEA) on 26 September 2025, Oil India has already started the appraisal program. Reprocessing of available 2D seismic data and acquisition of additional 600 Sq. Km of 3D seismic data is already completed and processing of acquired and vintage 3D seismic data is ongoing. Post processing and interpretation of the seismic data, the appraisal Well (s) drilling is planned to be undertaken. First Published: Jun 05 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nephrocare Health Services rose 1.32% to Rs 670 after its wholly owned subsidiary, Nephrocare Health Care Services Philippines Inc., has entered into an Asset Transfer Agreement with Inocentes Dialysis Clinic. The agreement is to acquire identified assets related to a dialysis centre in Quezon City, Philippines. The acquisition pertains to a dialysis facility located at Duyan-Duyan, Project 3, Quezon City, and is being undertaken for a total consideration of PHP 30 million. The company said the transaction is aimed at expanding its dialysis care footprint in the Philippines and will be executed in accordance with the terms and conditions of the agreement. Nephrocare clarified that the seller is not related to the company, its promoters, or promoter group entities. The transaction does not qualify as a related-party transaction and does not involve any special rights or share issuance arrangements. Nephrocare Health Services provides end-to-end dialysis care through a wide network of clinics across India and select international markets. The compnays consolidated net profit rose 22.1% to Rs 30.37 crore on 21.2% increase in revenue from operations to Rs 265.62 crore in Q4 FY26 over Q4 FY25. First Published: Jun 05 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 05 2026 | 1:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Killol Pandya, head of fixed income, JM Financial Asset Management First Published: Jun 05 2026 | 1:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 05 2026 | 1:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sarvjit Singh Samra, MD & CEO, Capital Small Finance Bank First Published: Jun 05 2026 | 1:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 05 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Health insurance industry veteran V Jagannathan- Left and TVS Motor’s Venu Srinivasan- Right founded Galaxy Health Insurance Company | First Published: Jun 05 2026 | 1:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 05 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FPIs were net buyers in debt to the tune of ?119 crore ($12.5 million) in June 2026 till June 3, while they pulled out ?16,902 crore ($1,773 million) from equities during the period First Published: Jun 05 2026 | 1:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Electricals share First Published: Jun 05 2026 | 1:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Somil Mehta, head of retail research, Mirae Asset ShareKhan First Published: Jun 05 2026 | 1:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
V K Vijayakumar, chief investment strategist, Geojit Investments First Published: Jun 05 2026 | 12:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Through their Q4 FY26 earnings commentary, the top Indian developers have already hinted at a 2-5 per cent increase in construction costs due to the West Asia conflict First Published: Jun 05 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pursuant to the aforesaid allotment, the paid-up equity share capital of the Company has increased from Rs 44,108,298,850 comprising 4,410,829,885 equity shares of face value of Rs 10 each to Rs 46,284,083,130 comprising 4,628,408,313 equity shares of face value of Rs 10 each. First Published: Jun 05 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 05 2026 | 12:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Paras Defence and Space Technologies Ltd, Jyoti CNC Automation Ltd, Tata Teleservices (Maharashtra) Ltd and Kirloskar Brothers Ltd are among the other gainers in the BSE's 'A' group today, 05 June 2026. Paras Defence and Space Technologies Ltd, Jyoti CNC Automation Ltd, Tata Teleservices (Maharashtra) Ltd and Kirloskar Brothers Ltd are among the other gainers in the BSE's 'A' group today, 05 June 2026. Network 18 Media & Investments Ltd spiked 9.56% to Rs 32.9 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 18.82 lakh shares were traded on the counter so far as against the average daily volumes of 2.01 lakh shares in the past one month. Paras Defence and Space Technologies Ltd surged 8.19% to Rs 962.5. The stock was the second biggest gainer in 'A' group. On the BSE, 6.49 lakh shares were traded on the counter so far as against the average daily volumes of 1.58 lakh shares in the past one month. Jyoti CNC Automation Ltd soared 6.60% to Rs 637.1. The stock was the third biggest gainer in 'A' group. On the BSE, 2.35 lakh shares were traded on the counter so far as against the average daily volumes of 1.15 lakh shares in the past one month. Tata Teleservices (Maharashtra) Ltd rose 6.47% to Rs 47.05. The stock was the fourth biggest gainer in 'A' group. On the BSE, 18.04 lakh shares were traded on the counter so far as against the average daily volumes of 2.93 lakh shares in the past one month. Kirloskar Brothers Ltd added 6.01% to Rs 1721. The stock was the fifth biggest gainer in 'A' group. On the BSE, 15113 shares were traded on the counter so far as against the average daily volumes of 7003 shares in the past one month. First Published: Jun 05 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 05 2026 | 12:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In April, Go Digit General Insurance reported a 28.4 per cent year-on-year increase in net profit to ?149 crore for the March quarter JP Morgan and Aditya Birla Sun Life Mutual Fund have collectively acquired over 3.33 million shares of Go Digit General Insurance from Peak XV Partners for ?100 crore through open market transactions. Following the transaction, shares of Go Digit General Insurance on Friday rose 5 per cent to ?318 apiece on the National Stock Exchange (NSE). US-based JP Morgan, through its affiliate JP Morgan (Taiwan) Eastern Technology Fund and Aditya Birla Sun Life Mutual Fund purchased 33,33,500 shares representing nearly a 0.4 per cent stake in Bengaluru-based Go Digit General Insurance, according to the block deal data executed on Thursday on the exchange. The shares were acquired at an average price of ?300 apiece, taking the combined deal value to ?100 crore. Meanwhile, venture capital firm Peak XV Partners, through its arm Peak XV Partners Growth Investments III offloaded the same number of shares in the transaction, as per the data. The stake sale comes after Peak XV Partners fully exited fintech firm One MobiKwik Systems through a block deal worth ?130 crore. In April, Go Digit General Insurance reported a 28.4 per cent year-on-year increase in net profit to ?149 crore for the March quarter, compared with ?116 crore in the year-ago period. For FY26, the company's profit after tax rose 28 per cent to ?544 crore from ?425 crore in the previous fiscal. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 05 2026 | 11:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank of India governor reiterated that Indias exchange rate policy remains unchanged. RBI does not target any specific level or band; instead, we allow the exchange rate to be determined by market forces, he said. The exchange rate may sometimes witness movements, often caused by speculative pressures, especially in the wake of heightened uncertainty, that are not in sync with fundamentals and are disruptive of economic activity. While the central banks objective is not to resist market-driven adjustments, it will curb excessive volatility and prevent disorderly market movements, he added. Foreign exchange reserves provide a strong buffer against external shocks and we have a broad range of regulatory and market-based instruments to respond effectively as may be required. In this regard, RBI remain vigilant and are fully prepared to do whatever it takes to preserve orderly market conditions, the RBI governor noted. The central bank governor noted that Indias foreign exchange reserves stood at a healthy US$ 682.3 billion, adequate in terms of the standard metrics of reserve adequacy including import cover (about 11 months) and external debt (89.1 per cent). Various policy initiatives including the recent agreements with major trading partners, opening the insurance sector to 100 per cent FDI, ethanol blending program, push for energy transition, easing of FDI restrictions for land-bordering countries, liberalisation of the ECB framework, and several others are expected to strengthen our balance of payments, he said. First Published: Jun 05 2026 | 11:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 05 2026 | 11:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 05 2026 | 11:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
CLSA bullish on Bharti Airtel as Airtel Money IPO nears; sees 27% upside First Published: Jun 05 2026 | 9:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Glenmark Pharmaceuticals Inc., USA (Glenmark) announced the launch of Lacosamide Injection USP, 200 mg/20 mL (10 mg/mL), Single-Dose Vials. Glenmark's Lacosamide Injection USP is bioequivalent and therapeutically equivalent to the reference listed drug, Vimpat2 Injection, 200 mg/20 mL (10 mg/mL), of UCB, Inc. [NDA 022254]. According to IQVIA sales data for the 12-month period ending April 2026, the Vimpat Injection market3 achieved annual sales of approximately $15.2 million. Commenting on the launch, Marc Kikuchi, President & Business Head, North America said, The launch of Lacosamide Injection USP reflects the disciplined execution of our strategy to build a broader, differentiated product portfolio in the United States. By expanding our injectable product portfolio, we are enhancing our ability to meet the evolving needs of healthcare providers while advancing our commitment to improving patient access to quality, affordable treatment options. First Published: Jun 05 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 05 2026 | 9:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The 10-year benchmark bond yield rose 34 basis points from March to May, while the five-year yield rose 55 bps, with the spread dropping to an eight-month low of 15 bps Overseas investors are opting for short-term Indian government bonds as they find attractive entry points amid expectations of the interest rates cycle turning, with the Iran war driving inflation higher. Bonds with maturities of less than five years ?made up over two-thirds of the top 10 notes foreign investors bought during March-May, higher than less than half of similar purchases in January-February, clearing house data showed. Overseas investors overall bought bonds worth ?22,100 crore in January-February, while in March, they sold a record ?17,700 crore, before turning buyers in April-May. Indian government bond yields have risen over the last three months, with shorter duration yields - most sensitive to rates - spiking on inflation concerns due to the Iran war-linked energy ?shock. The 10-year benchmark bond yield rose 34 basis points from March to May, while the five-year yield rose 55 bps, with the spread dropping to an eight-month low of 15 bps. Investors are increasingly factoring a shift toward tighter policy, said Krishna Bhimavarapu, APAC economist at State Street Investment Management. While the Reserve Bank of India is widely expected to hold rates at the June meeting, the policy direction is clearly shifting, he said. "In such an environment, ?the front end (of the yield curve) offers more attractive risk-adjusted carry with lower duration risk, while the long end remains vulnerable to further ?repricing if the tightening cycle materialises." The RBI rate decision is due on Friday, with ?most economists expecting status quo, while Standard Chartered Bank has called for a 25-bp hike. "The curve has bear flattened with short-end yields rising ?more than the long-end yields. This has created a valuations-driven opportunity for foreign investors to buy short-end bonds, Nagaraj Kulkarni, chief rates strategist - South Asia & Indonesia ?and head - flows strategy at the foreign bank, said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 05 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 709.52% to Rs 8.50 crore For the full year,net profit declined 95.58% to Rs 0.11 crore in the year ended March 2026 as against Rs 2.49 crore during the previous year ended March 2025. Sales rose 513.12% to Rs 32.25 crore in the year ended March 2026 as against Rs 5.26 crore during the previous year ended March 2025. First Published: Jun 05 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 20.77% to Rs 15.18 crore For the full year,net profit declined 53.64% to Rs 0.70 crore in the year ended March 2026 as against Rs 1.51 crore during the previous year ended March 2025. Sales declined 16.22% to Rs 42.83 crore in the year ended March 2026 as against Rs 51.12 crore during the previous year ended March 2025. First Published: Jun 05 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty June 2026 futures currently traded 16.50 points higher, suggesting a flat opening for the benchmark index today. All eyes are on the Reserve Bank of India (RBI) as Governor Sanjay Malhotra will unveil the outcome of the latest Monetary Policy Committee (MPC) meeting today, June 5. The announcement comes at a crucial time, with investors closely tracking interest rates, inflation trends, crude oil prices and the outlook for the Indian economy. The three-day MPC meeting began on June 3 and will conclude on June 5, with the six-member panel reviewing key economic indicators before arriving at its policy decision. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 4,447.06 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,360.14 crore in the Indian equity market on 04 June 2026, provisional data showed. The FIIs have sold shares worth Rs 22,338.22 crore so far in June (till 03 June 2026). This follows their cash sales of Rs 55,963.33 crore in May, Rs 70,135.46 crore in April and Rs 122,540.41 crore in March. Global Markets: Asian markets traded lower on Friday, dragged lower by the overnight slump in key Wall Street tech names. Overnight in the U.S., the Dow Jones Industrial Average rallied to a fresh all-time high, while the Nasdaq Composite underperformed as investors appeared to rotate out of chip names in favor of non-tech stocks. The 30-stock Dow jumped 874.86 points, or 1.73%, to close at a record 51,561.93. The Nasdaq lost 0.09% and ended at 26,830.96, while the S&P 500 rose 0.41% to 7,584.31. The rotation was sparked by a sell-off in Broadcom that led investors to pare exposure to AI-linked stocks. The chipmaker slid more than 12% after its fiscal second-quarter revenue missed estimates. Chip names, which led the latest leg higher in the markets rally to record levels, fell broadly. The VanEck Semiconductor ETF (SMH) lost more than 1%. Arm Holdings shed more than 4%, while Micron Technology fell close to 8%. Stocks also came under pressure on Middle East worries. Mixed messages have emerged recently out of negotiations to end the war, which has upset global markets and caused oil and gasoline prices to spike. Domestic Market: The benchmark indices ended marginally higher on Thursday after a volatile session marked by sharp swings on weekly Sensex F&O expiry. Sentiment remained cautious amid geopolitical tensions in the Middle East and continued foreign institutional investor (FII) selling. However, reports that the government may remove taxes on foreign portfolio investments in government securities provided support to the market. Investors also stayed on the sidelines ahead of the Reserve Bank of India's monetary policy decision on 5 June 2026. Market participants are awaiting the central bank's guidance on interest rates, inflation, growth and liquidity. Despite the choppy trade, broader markets outperformed. Mid-cap and small-cap stocks witnessed steady buying, while consumer durables and PSU bank shares helped the Nifty close above the 23,400 mark. The S&P BSE Sensex rose 13.84 points or 0.02% to 74,360.01. The Nifty 50 index added 10.95 points or 0.05% to 23,416.55. First Published: Jun 05 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities in F&O Ban: Amber Enterprises India and Kaynes Technology India shares are banned from F&O trading on 5 June 2026. Stocks to Watch: Interest-rate sensitive sectors like banks, auto and realty will be in action as the Reserve Bank of India (RBI) will announce its policy decision today, 5 June 2026. CG Power & Industrial Solutions said that it has inaugurated a new extra-high-voltage (EHV) switchgear manufacturing unit in Nashik. Juniper Hotels has signed an agreement to acquire a 100% stake in Juniper Hospitality Assets. The company also plans to develop a five-star hotel on a 2.52-acre land parcel in New Delhi. IL&FS Engineering and Construction secured a Rs 414 crore order in Rajasthan involving the construction of elevated viaducts, stations and associated infrastructure works. Nephrocare Health Services said its subsidiary has entered into an agreement with Inocentes Dialysis Clinic to acquire dialysis centre assets for PHP 30 million. JK Lakshmi Cement said that it will acquire a 26% stake each in DynoSpark and Elevate Solar Energy to source renewable power for its operations. Aurobindo Pharma received final approval from the US Food and Drug Administration (USFDA) to manufacture and market Tofacitinib tablets used in the treatment of arthritis. Karur Vysya Bank opened a new branch in Chennai, taking its total branch count across India to 903. Venus Remedies said its research and development arm, Venus Medicine Research Centre (VMRC), has received recognition from the Department of Scientific and Industrial Research (DSIR), bolstering its innovation credentials. Titan Company has projected the retail market to grow at a CAGR of 89% through FY30, reflecting its positive outlook on long-term consumption trends and organized retail expansion. First Published: Jun 05 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 05 2026 | 8:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 05 2026 | 8:43 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Consultancy Services (TCS) announced a strategic partnership with Finland-based premium tyre manufacturer Nokian Tyres Plc. Under the engagement, TCS will help strengthen Nokian Tyres' IT operations by enhancing efficiency, resilience and scalability. The partnership aims to accelerate the adoption of AI-driven processes, automation and data-led services to support the tyre maker's long-term growth and agility. The collaboration will see TCS embed AI-led and agentic automation into Nokian Tyres' IT operations to improve issue resolution, lower operational costs and enhance resilience through a unified digital infrastructure. As part of the agreement, TCS will provide end-to-end application management services across Nokian Tyres' application landscape, including development, maintenance and support for systems spanning engineering, manufacturing, supply chain, commercial and corporate functions. "This strategic partnership with TCS will enable Nokian Tyres to have a globally unified, agile and efficient operating model that supports business needs. In addition, it creates a sustainable foundation for the increasing adoption of next-generation technologies such as automation, data-driven solutions and artificial intelligence," said Timmy McLellan, chief information officer at Nokian Tyres. "The next era of manufacturing will be defined by intelligence at scale, where digital ecosystems, AI-enabled operations and adaptive technologies work together to create more resilient and sustainable enterprises," said Anupam Singhal, president manufacturing, TCS. According to TCS, the partnership will help Nokian Tyres accelerate innovation, respond faster to market changes and improve manufacturing outcomes through a modern, insight-driven technology foundation. TCS has been operating in the Nordic region, including Finland, Sweden, Norway and Denmark, since 1991 and serves customers across industries in the region. TCS is a digital transformation and technology partner of choice for industry-leading organizations worldwide. Tata Consultancy Services (TCS) reported a 2.08% rise in consolidated net profit to Rs 13,718 crore on 5.38% increase in revenue from operations to Rs 70,698 crore in Q4 FY26 as compared with Q3 FY26. The counter shed 0.03% to Rs 2,241 on the BSE. First Published: Jun 04 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 3:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To strengthen enterprise-ready AI talent Persistent Systems collaborated on an AI engineering talent initiative with Databricks and the Milwaukee School of Engineering (MSOE) to help strengthen the next generation of enterprise-ready AI talent. Developed in collaboration with the MSOE AI Club, Persistent anchored a Databricks-powered AI Hackathon to scale AI delivery capabilities through deeper collaboration across academia, technology ecosystems and industry practitioners. The program provided students with the opportunity to work with AI professionals, bridging the gap between academic AI learning and real-world implementation. Using the Databricks Data Intelligence Platform and supported by the Databricks University Alliance, the initiative gave students hands-on exposure to advanced data and AI engineering environments used in modern analytics, Generative AI and operational AI deployments. It also emphasized on operational scalability, governance, reliability and engineering discipline. Participants worked across the AI lifecycle using technologies including Delta Lake, Unity Catalog, Agent Bricks, and Databricks Workflows, gaining practical experience in scalable AI pipelines, governed data environments, AI orchestration and production-ready AI architectures. First Published: Jun 04 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Delta Corp Ltd, National Aluminium Company Ltd, Lumax Auto Technologies Ltd and Gabriel India Ltd are among the other losers in the BSE's 'A' group today, 04 June 2026. Delta Corp Ltd, National Aluminium Company Ltd, Lumax Auto Technologies Ltd and Gabriel India Ltd are among the other losers in the BSE's 'A' group today, 04 June 2026. Zensar Technologies Ltd lost 4.80% to Rs 485 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 63075 shares were traded on the counter so far as against the average daily volumes of 57012 shares in the past one month. Delta Corp Ltd tumbled 4.48% to Rs 66.45. The stock was the second biggest loser in 'A' group.On the BSE, 3.23 lakh shares were traded on the counter so far as against the average daily volumes of 5.26 lakh shares in the past one month. National Aluminium Company Ltd crashed 4.43% to Rs 417.4. The stock was the third biggest loser in 'A' group.On the BSE, 3 lakh shares were traded on the counter so far as against the average daily volumes of 4.37 lakh shares in the past one month. Lumax Auto Technologies Ltd corrected 4.25% to Rs 1697.95. The stock was the fourth biggest loser in 'A' group.On the BSE, 25194 shares were traded on the counter so far as against the average daily volumes of 31070 shares in the past one month. Gabriel India Ltd shed 4.21% to Rs 1011.1. The stock was the fifth biggest loser in 'A' group.On the BSE, 13663 shares were traded on the counter so far as against the average daily volumes of 22108 shares in the past one month. First Published: Jun 04 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ceigall India announced that its wholly owned subsidiary, Ceigall Infra Projects has entered into a definitive agreement to divest its stake in Ceigall Malout Abohar Sadhuwali Highways (CMASH) to Neo Infra Income Opportunity Fund. CMASH, a step-down subsidiary of Ceigall India, operates a highway asset in Punjab. For the financial year ended March 31, 2026, the company reported a turnover of Rs 82.69 crore, contributing around 2.1% of Ceigall India's consolidated turnover. The project company's net worth stood at Rs 136.11 crore, representing approximately 6.3% of the group's consolidated net worth. The company said that the divestment aligns with its strategy of monetizing operational infrastructure assets and recycling capital to support future growth opportunities across its infrastructure development and construction businesses. Ramneek Sehgal, chairman & managing director, Ceigall India, said, This transaction reflects our disciplined approach towards capital allocation and portfolio optimization. As we continue to expand our presence in the infrastructure sector, the monetization of select assets enables us to unlock value and strengthen our financial flexibility for future growth opportunities. We remain focused on delivering high-quality infrastructure projects across the country while creating long-term value for all stakeholders. Ceigall India is an infrastructure engineering, procurement, and construction (EPC) company engaged in the development of highways, expressways, bridges, flyovers, railway overbridges, tunnels, and runways. The Company executes projects under EPC as well as Hybrid Annuity Model (HAM) formats and has a strong track record of timely execution across multiple states in India. The companys consolidated net profit jumped 70.85% to Rs 126.60 crore on 37.06% increase in revenue from operations to Rs 1386.51 crore in Q4 FY26 over Q4 FY25. The counter shed 0.26% to Rs 358.50 on the BSE. First Published: Jun 04 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahalaxmi Rubtech Ltd, Haleos Labs Limited, Shah Metacorp Ltd and Umiya Buildcon Ltd are among the other losers in the BSE's 'B' group today, 04 June 2026. Mahalaxmi Rubtech Ltd, Haleos Labs Limited, Shah Metacorp Ltd and Umiya Buildcon Ltd are among the other losers in the BSE's 'B' group today, 04 June 2026. Thacker & Company Ltd crashed 8.64% to Rs 1445 at 14:30 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 745 shares were traded on the counter so far as against the average daily volumes of 202 shares in the past one month. Mahalaxmi Rubtech Ltd tumbled 7.38% to Rs 180.6. The stock was the second biggest loser in 'B' group.On the BSE, 111 shares were traded on the counter so far as against the average daily volumes of 1978 shares in the past one month. Haleos Labs Limited lost 7.28% to Rs 1400.05. The stock was the third biggest loser in 'B' group.On the BSE, 17 shares were traded on the counter so far as against the average daily volumes of 58 shares in the past one month. Shah Metacorp Ltd plummeted 7.17% to Rs 4.92. The stock was the fourth biggest loser in 'B' group.On the BSE, 3.27 lakh shares were traded on the counter so far as against the average daily volumes of 5.65 lakh shares in the past one month. Umiya Buildcon Ltd shed 6.90% to Rs 83.27. The stock was the fifth biggest loser in 'B' group.On the BSE, 2892 shares were traded on the counter so far as against the average daily volumes of 1370 shares in the past one month. First Published: Jun 04 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MMTC Ltd recorded volume of 415.31 lakh shares by 14:14 IST on NSE, a 19.85 times surge over two-week average daily volume of 20.92 lakh shares JBM Auto Ltd, Schneider Electric Infrastructure Ltd, Zen Technologies Ltd, Physicswallah Ltd are among the other stocks to see a surge in volumes on NSE today, 04 June 2026. MMTC Ltd recorded volume of 415.31 lakh shares by 14:14 IST on NSE, a 19.85 times surge over two-week average daily volume of 20.92 lakh shares. The stock gained 5.40% to Rs.68.70. Volumes stood at 22.58 lakh shares in the last session. JBM Auto Ltd saw volume of 146.68 lakh shares by 14:14 IST on NSE, a 18.31 fold spurt over two-week average daily volume of 8.01 lakh shares. The stock increased 4.62% to Rs.700.20. Volumes stood at 13.47 lakh shares in the last session. Schneider Electric Infrastructure Ltd witnessed volume of 23.06 lakh shares by 14:14 IST on NSE, a 9.44 times surge over two-week average daily volume of 2.44 lakh shares. The stock dropped 1.01% to Rs.1,111.00. Volumes stood at 52580 shares in the last session. Zen Technologies Ltd witnessed volume of 53.12 lakh shares by 14:14 IST on NSE, a 8.57 times surge over two-week average daily volume of 6.20 lakh shares. The stock increased 7.62% to Rs.1,816.70. Volumes stood at 6.13 lakh shares in the last session. Physicswallah Ltd saw volume of 636.75 lakh shares by 14:14 IST on NSE, a 7.61 fold spurt over two-week average daily volume of 83.62 lakh shares. The stock increased 14.95% to Rs.105.80. Volumes stood at 77.59 lakh shares in the last session. First Published: Jun 04 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market participants see the proposal as part of a broader effort to make Indian debt markets more competitive globally. First Published: Jun 04 2026 | 3:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 2:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
It also recommended that India explore high-quality market arrangements and utilise multilateral institutions and bilateral investment treaties to secure greater predictability for businesses India should reassess the effectiveness of its existing Free Trade Agreements (FTAs), modernise its investment screening architecture, and adopt a more coordinated trade and industrial policy framework as geopolitical fragmentation reshapes global commerce, a report said on Thursday. The report said that India's economic strategy must move beyond reactive policymaking and focus on proactive integration through calibrated partnerships, stronger institutional coordination and clearer market access objectives. Among its key recommendations, the report calls on India to audit existing FTAs, assess whether they have met intended objectives, and align future trade agreements more closely with industrial and export priorities. It also recommended that India explore high-quality market arrangements and utilise multilateral institutions and bilateral investment treaties to secure greater predictability for businesses and investors. The report titled 'Resilience in a Fragmenting World: India's Economic Relations with Great Powers' is released by Koan Advisory Group, in association with Chintan Research Foundation, the Information Technology Industry Council, and the Institute of Chinese Studies. "Trade agreements cannot be treated as ends in themselves. India needs a clearer understanding of what each agreement delivers in terms of market access, supply-chain resilience and industrial capacity. In a more uncertain and protectionist world, evaluating whether our FTAs have met their objectives becomes even more important," said Shishir Priyadarshi, president, Chintan Research Foundation. The report also addresses the contested question about economic engagement with China amid strategic competition and manufacturing dependence. Rather than relying solely on geography-based restrictions, participants recommended a sector-specific and national-security-led investment screening framework, coupled with a phased strategy to reduce dependence on Chinese inputs where vulnerabilities exist, it said. India's manufacturing ambitions, particularly in electronics, clean energy and advanced technologies, remain linked to global supply chains that include Chinese capital and components, it said. The report recommends utilising Chinese investment and technology in non-strategic sectors while strengthening screening mechanisms in genuinely sensitive areas. "India faces the dual challenge of reducing strategic vulnerabilities while sustaining manufacturing growth and competitiveness. That requires moving beyond blunt restrictions toward a more calibrated framework that distinguishes between legitimate national security concerns and economically productive investment', said Deep Pal, director, Koan Advisory Group. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 04 2026 | 2:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of John Cockerill India surged 8.18% to Rs 9,858.85 on Thursday, extending gains for a second consecutive session. The contract, valued at approximately Rs 1,250 crore to Rs 1,300 crore, has been awarded to John Cockerill India (JCIL) and its wholly owned subsidiary, John Cockerill Metal International SA (JCMI). The order involves the design, engineering, supply, supervision of erection and commissioning of two Annealing & Coating Lines (ACL 1 and ACL 2) and one Annealing & Pickling Line (APL) for JSW's CRNO project. John Cockerill Indias share of the contract is estimated at around Rs 550 crore. JCMI's portion is valued at approximately EUR 30-35 million. The consortium portion, involving a furnace supplier group, is estimated at around Rs 400 crore. The project is scheduled to be completed within 36 months from May 2026. The company said the order was awarded by domestic entity JSW Vijayanagar Metallics and does not constitute a related-party transaction. It also clarified that neither the promoter nor the promoter group has any interest in the awarding entity. John Cockerill India, a subsidiary of Belgium-based John Cockerill SA, provides design, engineering, manufacturing and installation solutions for steel processing equipment and production lines used by ferrous and non-ferrous metal manufacturers globally. On the financial front, the company reported a consolidated net profit of Rs 7.36 crore in Q1 CY26, compared with a net loss of Rs 2.91 crore in Q1 CY25. Revenue rose 56% year-on-year to Rs 344.52 crore during the quarter ended March 2026. First Published: Jun 04 2026 | 2:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Punjab & Sind Bank is quoting at Rs 23.38, down 0.13% on the day as on 13:19 IST on the NSE. The stock jumped 5.41% in last one year as compared to a 5.65% slide in NIFTY and a 15.87% spurt in the Nifty PSU Bank index. Punjab & Sind Bank is down for a fifth straight session today. The stock is quoting at Rs 23.38, down 0.13% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.22% on the day, quoting at 23353.3. The Sensex is at 74101.32, down 0.33%.Punjab & Sind Bank has lost around 6.22% in last one month.Meanwhile, Nifty PSU Bank index of which Punjab & Sind Bank is a constituent, has eased around 3.07% in last one month and is currently quoting at 8185.9, down 0.07% on the day. The volume in the stock stood at 5.74 lakh shares today, compared to the daily average of 13.95 lakh shares in last one month. The PE of the stock is 12.6 based on TTM earnings ending March 26. First Published: Jun 04 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Abbott India Ltd is quoting at Rs 26020, down 1.03% on the day as on 13:19 IST on the NSE. The stock jumped 5.41% in last one year as compared to a 5.65% slide in NIFTY and a 11.71% spurt in the Nifty Pharma index. Abbott India Ltd fell for a fifth straight session today. The stock is quoting at Rs 26020, down 1.03% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.22% on the day, quoting at 23353.3. The Sensex is at 74101.32, down 0.33%.Abbott India Ltd has gained around 2.83% in last one month.Meanwhile, Nifty Pharma index of which Abbott India Ltd is a constituent, has increased around 2.59% in last one month and is currently quoting at 24086.6, up 0.38% on the day. The volume in the stock stood at 2109 shares today, compared to the daily average of 12382 shares in last one month. The PE of the stock is 36.01 based on TTM earnings ending March 26. First Published: Jun 04 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sun Pharmaceutical Industries Ltd is quoting at Rs 1774.1, down 0.81% on the day as on 13:19 IST on the NSE. The stock jumped 5.41% in last one year as compared to a 5.65% slide in NIFTY and a 11.71% spurt in the Nifty Pharma index. Sun Pharmaceutical Industries Ltd fell for a fifth straight session today. The stock is quoting at Rs 1774.1, down 0.81% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.22% on the day, quoting at 23353.3. The Sensex is at 74101.32, down 0.33%.Sun Pharmaceutical Industries Ltd has eased around 2.56% in last one month.Meanwhile, Nifty Pharma index of which Sun Pharmaceutical Industries Ltd is a constituent, has increased around 2.59% in last one month and is currently quoting at 24086.6, up 0.38% on the day. The volume in the stock stood at 11.66 lakh shares today, compared to the daily average of 29.77 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1793.9, down 0.5% on the day. Sun Pharmaceutical Industries Ltd jumped 5.41% in last one year as compared to a 5.65% slide in NIFTY and a 11.71% spurt in the Nifty Pharma index. The PE of the stock is 143.04 based on TTM earnings ending March 26. First Published: Jun 04 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Zinc Ltd is quoting at Rs 603.05, down 1.23% on the day as on 13:19 IST on the NSE. The stock jumped 22.67% in last one year as compared to a 5.65% slide in NIFTY and a 45.58% spurt in the Nifty Metal index. Hindustan Zinc Ltd dropped for a fifth straight session today. The stock is quoting at Rs 603.05, down 1.23% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.22% on the day, quoting at 23353.3. The Sensex is at 74101.32, down 0.33%.Hindustan Zinc Ltd has eased around 1.34% in last one month.Meanwhile, Nifty Metal index of which Hindustan Zinc Ltd is a constituent, has increased around 3.46% in last one month and is currently quoting at 13535.2, down 0.71% on the day. The volume in the stock stood at 13.6 lakh shares today, compared to the daily average of 58.68 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 606.85, down 1.57% on the day. Hindustan Zinc Ltd jumped 22.67% in last one year as compared to a 5.65% slide in NIFTY and a 45.58% spurt in the Nifty Metal index. The PE of the stock is 18.83 based on TTM earnings ending March 26. First Published: Jun 04 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vedanta Ltd is quoting at Rs 326.45, down 0.53% on the day as on 13:19 IST on the NSE. The stock jumped 98.64% in last one year as compared to a 5.65% slide in NIFTY and a 45.58% spurt in the Nifty Metal index. Vedanta Ltd fell for a fifth straight session today. The stock is quoting at Rs 326.45, down 0.53% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.22% on the day, quoting at 23353.3. The Sensex is at 74101.32, down 0.33%.Vedanta Ltd has gained around 7.42% in last one month.Meanwhile, Nifty Metal index of which Vedanta Ltd is a constituent, has increased around 3.46% in last one month and is currently quoting at 13535.2, down 0.71% on the day. The volume in the stock stood at 88.87 lakh shares today, compared to the daily average of 385.97 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 328.7, down 0.59% on the day. Vedanta Ltd jumped 98.64% in last one year as compared to a 5.65% slide in NIFTY and a 45.58% spurt in the Nifty Metal index. The PE of the stock is 70.59 based on TTM earnings ending March 26. First Published: Jun 04 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Finserv Ltd is quoting at Rs 1713.7, down 1.19% on the day as on 13:19 IST on the NSE. The stock tumbled 11.85% in last one year as compared to a 5.65% slide in NIFTY and a 5.32% fall in the Nifty Financial Services index. Bajaj Finserv Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1713.7, down 1.19% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.22% on the day, quoting at 23353.3. The Sensex is at 74101.32, down 0.33%.Bajaj Finserv Ltd has lost around 4.51% in last one month.Meanwhile, Nifty Financial Services index of which Bajaj Finserv Ltd is a constituent, has eased around 2.85% in last one month and is currently quoting at 24955.7, up 0.11% on the day. The volume in the stock stood at 3.21 lakh shares today, compared to the daily average of 9.14 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1723.8, down 1.12% on the day. Bajaj Finserv Ltd tumbled 11.85% in last one year as compared to a 5.65% slide in NIFTY and a 5.32% fall in the Nifty Financial Services index. The PE of the stock is 193.6 based on TTM earnings ending March 26. First Published: Jun 04 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Finance Ltd is quoting at Rs 871.6, down 0.59% on the day as on 13:19 IST on the NSE. The stock tumbled 2.44% in last one year as compared to a 5.65% slide in NIFTY and a 5.32% fall in the Nifty Financial Services index. Bajaj Finance Ltd fell for a fifth straight session today. The stock is quoting at Rs 871.6, down 0.59% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.22% on the day, quoting at 23353.3. The Sensex is at 74101.32, down 0.33%.Bajaj Finance Ltd has eased around 9.08% in last one month.Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has eased around 2.85% in last one month and is currently quoting at 24955.7, up 0.11% on the day. The volume in the stock stood at 52.63 lakh shares today, compared to the daily average of 95.51 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 874.25, down 0.51% on the day. Bajaj Finance Ltd tumbled 2.44% in last one year as compared to a 5.65% slide in NIFTY and a 5.32% fall in the Nifty Financial Services index. The PE of the stock is 32.2 based on TTM earnings ending March 26. First Published: Jun 04 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
PW said strategic direction for FinZ Finance will be decided in the near future subject to the board and other regulatory approvals Edtech firm PhysicsWallah on Thursday said it plans to exit from the business of direct financing for students and instead partner with NBFCs for education loans. The move comes after a recent announcement wherein the company said it will invest ?120 crore through an equity-infusion in its fully-owned subsidiary FinZ Finance Private Limited. PW said strategic direction for FinZ Finance will be decided in the near future subject to the board and other regulatory approvals ALSO READ: Stock Market LIVE: Sensex falls 100 pts, Nifty below 23,400; PhysicsWallah shares surge 18%. "We received feedback from our partners that our core strength lies in building communities and our online business. Our lending business is best left to regulated third-party NBFCs who have created robust underwriting capabilities. "We truly believe that prudent capital allocation and shareholder value remains our foremost priority and in light of the feedback received from our partners to the said announcement, we have exercised our fiduciary responsibility to revisit this decision and enable student lending through regulated third-party NBFCs," PW Co-founder Prateek Maheshwari said. Sources aware of the development said that the company is evaluating multiple option around FinZ Finance including its sale or surrender of licence. The company recently reported a narrowing of consolidated loss to ?69.14 crore in the fourth quarter ended March 31, 2026 due to increase in enrolments and average revenue per person from a loss of ?289.27 crore in the same period a year ago. Revenue from operations increased by about 51 per cent to ?918.8 crore during the quarter from ?609.6 crore in March 2025 quarter. The loss in FY26 narrowed to ?24.17 crore from ?243.26 crore in FY25. "We will continue to work as a technology platform that connects PW's students to a curated list of regulated lending partners, based on students' learning lifecycle and academic outcome journey of such students. PW will continue to enable affordability and accessibility, and make it more scalable, robust and capable of deeper penetration into the student ecosystem," the filing said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 04 2026 | 1:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 1:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 1:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 1:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In the June policy review meeting of the Reserve Bank of India, Bharti AXA Life Insurance expects a pause, said Rahul Bhuskute, CIO First Published: Jun 04 2026 | 1:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Hero MotoCorp rose 1.45% to Rs 4912.60 after the company unveiled its first flex-fuel motorcycles, the Splendor+ Flex Fuel and HF Deluxe Flex Fuel. Hero MotoCorp said the new models are designed to offer a cleaner mobility option while maintaining affordability and performance. The launch is aligned with India's efforts to reduce dependence on imported crude oil and promote alternative fuels. The motorcycles were unveiled in New Delhi in the presence of Union Road Transport and Highways Minister Nitin Gadkari and Petroleum and Natural Gas Minister Hardeep Singh Puri. The company plans to introduce the flex-fuel models in Delhi and select regions of Maharashtra in July 2026, followed by a nationwide rollout. The HF Deluxe Flex Fuel is priced at Rs 72,792 (ex-showroom Delhi), while the Splendor+ Flex Fuel is priced at Rs 82,710 (ex-showroom Delhi). Both motorcycles are powered by a 97.2cc engine and feature flex-fuel compatibility from E20 to E85, a digi-analogue instrument cluster, side-stand engine cut-off and tubeless tyres. The models also include revised engine control units and upgraded fuel system components to support higher ethanol blends. Hero MotoCorp said the motorcycles were developed at its Centre for Innovation and Technology in Jaipur and have minimal import content, supporting the government's Atmanirbhar Bharat initiative. Hero MotoCorp is the worlds largest manufacturer of motorcycles and scooters. The companys global footprint spans 52 countries across Asia, Africa, Europe, Central and Latin America with a customer base of over 130 million. The company operates eight manufacturing facilities - six in India and one each in Colombia and Bangladesh - along with two Research and Development centers. The company reported a 29.62% rise in standalone net profit to Rs 1,401.13 crore on a 28.75% increase in revenue from operations from Rs 12,796.53 crore in Q4 FY26 over Q4 FY25. The company reported dispatches of 570,068 units in May 2026, registering a 12.28% year-on-year (YoY) increase compared with 507,701 units in May 2025. First Published: Jun 04 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Consultancy Services (TCS) announced a strategic partnership with Finland-based premium tyre manufacturer Nokian Tyres Plc. Under the engagement, TCS will help strengthen Nokian Tyres' IT operations by enhancing efficiency, resilience and scalability. The partnership aims to accelerate the adoption of AI-driven processes, automation and data-led services to support the tyre maker's long-term growth and agility. The collaboration will see TCS embed AI-led and agentic automation into Nokian Tyres' IT operations to improve issue resolution, lower operational costs and enhance resilience through a unified digital infrastructure. As part of the agreement, TCS will provide end-to-end application management services across Nokian Tyres' application landscape, including development, maintenance and support for systems spanning engineering, manufacturing, supply chain, commercial and corporate functions. "This strategic partnership with TCS will enable Nokian Tyres to have a globally unified, agile and efficient operating model that supports business needs. In addition, it creates a sustainable foundation for the increasing adoption of next-generation technologies such as automation, data-driven solutions and artificial intelligence," said Timmy McLellan, chief information officer at Nokian Tyres. "The next era of manufacturing will be defined by intelligence at scale, where digital ecosystems, AI-enabled operations and adaptive technologies work together to create more resilient and sustainable enterprises," said Anupam Singhal, president manufacturing, TCS. According to TCS, the partnership will help Nokian Tyres accelerate innovation, respond faster to market changes and improve manufacturing outcomes through a modern, insight-driven technology foundation. TCS has been operating in the Nordic region, including Finland, Sweden, Norway and Denmark, since 1991 and serves customers across industries in the region. TCS is a digital transformation and technology partner of choice for industry-leading organizations worldwide. Tata Consultancy Services (TCS) reported a 2.08% rise in consolidated net profit to Rs 13,718 crore on 5.38% increase in revenue from operations to Rs 70,698 crore in Q4 FY26 as compared with Q3 FY26. First Published: Jun 04 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Consultancy Services (TCS) has announced a strategic partnership with Nokian Tyre PLC, a premium tire manufacturer headquartered in Finland. As part of the engagement, TCS will expand Nokian Tyres' use of artificial intelligence across application management, development, and onsite support services. The collaboration will strengthen Nokian Tyres' IT operations by improving efficiency, resilience, and scalability. The AI-led transformation will accelerate the adoption of new ways of working, help address evolving business needs, and enable greater use of automation and data-driven services to drive long-term growth and agility in a rapidly evolving market. With AI-led and agentic automation embedded at the core of IT operations, the engagement will accelerate issue resolution, reduce operational cost, and strengthen resilience through unified digital infrastructure. TCS will deliver end-to-end application management services across Nokian Tyres' application landscape. This will include development, maintenance, and support for systems that will be supporting engineering, manufacturing, supply chain, commercial, and corporate functions. First Published: Jun 04 2026 | 12:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sterlite Technologies on Thursday hit the upper circuit for the 9th straight trading session. First Published: Jun 04 2026 | 12:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To integrate BoxPay's intelligent payment infrastructure into RG Pay RateGain Travel Technologies announced a strategic partnership with BoxPay, a fast-growing payments technology platform purpose-built to manage the full lifecycle and complexity of global payment operations, to power RG Pay, RateGain's embedded financial technology platform for the travel and hospitality ecosystem The partnership brings together RateGain's global travel and hospitality ecosystem with BoxPay's deep expertise in intelligent payment infrastructure, helping travel brands improve customer conversion and top of-funnel revenue through optimized checkout and orchestration, while driving stronger bottom-of-funnel profitability through intelligent reconciliation and enhanced financial visibility across complex global payment operations. As travel businesses scale globally, they face growing complexity across multiple facets of payment operations, while simultaneously needing to deliver seamless and localized experiences for travelers across geographies. Through this collaboration, RG Pay integrates BoxPay's orchestration, routing, checkout optimization, and AI-driven reconciliation stack into the RateGain travel commerce ecosystem. First Published: Jun 04 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Energy Exchange (IEX) advanced 1.58% to Rs 125.15 after the company announced that it has achieved monthly electricity volume of 12,983 MUs in May 2026, registering a growth of 18.6% YoY. According to government data released in May 2026, India's electricity consumption rose 11.5% year-on-year to 164.98 billion units, reflecting robust power demand across the country. The Day-Ahead Market (DAM) registered a traded volume of 4,417 MU in May 2026, compared with 3,535 MU in May 2025, representing a growth of 24.9% year-on-year. The Real-Time Electricity Market (RTM) achieved a volume of 5,529 MU during the month, up 15.9% from 4,770 MU recorded in the year-ago period. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 1,034 MU volume during May26 as compared to 915 MU in May25, increase of 13% YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for May26 was at Rs 3.60/ unit, remaining largely flat on a year-on-year basis. A total of 6.10 lakh RECs were traded in May 26, down 65% YoY. Trading sessions were held on 13th May26 and 29th May26, with clearing price of Rs 400/REC. Sell bids declined by 85.3% YoY, leading to a rise in clearing prices during May2026. The next REC trading sessions at the Exchange are scheduled on 10th June26 and 24th June26 Indian Energy Exchange (IEX) is India's premier electricity exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates. The company has reported 10.8% rise in consolidated net profit to Rs 129.77 crore on a 22.5% increase in net sales to Rs 174.30 crore in Q4 FY26 as compared with Q4 FY25. First Published: Jun 04 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 12:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Citi bets on electric equipment makers; picks Hitachi Energy, GE Vernova, CG Power First Published: Jun 04 2026 | 12:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rajesh Exports, once known as one of the world's largest gold refiners, now faces serious questions from Sebi over revenues, disclosures and subsidiary operations. SEBI just found ?15 lakh crore of misrepresented revenue at Rajesh Exports. That's nearly all of their 5-year consolidated revenue. Chairman Rajesh Mehta banned from trading. The order also flags ?1,035 cr in "gold mines in South Africa" investments the company couldn't… pic.twitter.com/9rSVjiOLIW LIC of India , which is custodian of money of lakhs of policy holders and shareholders owns 10.80 % in #RajeshExports , the fraud company of fraudster Rajesh Mehta which accounted for bogus turnover and eventually will now become junk costing nearly 1500 Crores to other… pic.twitter.com/V3YxnMwe1u Equal to India”s 20% annual export value. Does that mean that India”s exports are overvalued to the tune of $158 billion cumulatively over years. How is this possible? https://t.co/PtcwxvbMVY First Published: Jun 04 2026 | 12:11 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Flex Fuel Vehicles offer India a practical solution to reduce crude oil imports, strengthen the rural economy through ethanol demand, and advance low-carbon mobility, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said recently. India has one of the world's largest two-wheeler ecosystems with an active two-wheeler fleet of over 300 million vehicles. The flex-fuel technology has the potential to transform mobility at an unprecedented scale. The ethanol blending program of Government of India, since ESY 2014-15 has saved India ?1.84 lakh crore in foreign exchange, resulted in 302 lakh metric tonnes crude oil substitution and 909 lakh metric tonnes reduction in CO2 emissions. The significant output is that the program has added Rs 1.58 lakh crore earnings to farmers turning our Annadatas to Urjadatas. The Minister said that even 1% adoption of annual petrol vehicle sales in India during ESY 2026-27 would generate a demand for 4 crore litres of ethanol in which payments of about Rs 266 crore will be made to distilleries and save us Rs 195 crore in foreign exchange. This would lead to reduction of approximately 0.28 lakh metric tonnes of crude oil imports, and a net CO2 reduction of nearly 0.86 lakh metric tonnes. First Published: Jun 04 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RattanIndia Enterprises Ltd, Jain Irrigation Systems Ltd, Paras Defence and Space Technologies Ltd and Jyoti Structures Ltd are among the other gainers in the BSE's 'A' group today, 04 June 2026. RattanIndia Enterprises Ltd, Jain Irrigation Systems Ltd, Paras Defence and Space Technologies Ltd and Jyoti Structures Ltd are among the other gainers in the BSE's 'A' group today, 04 June 2026. Zen Technologies Ltd surged 11.54% to Rs 1882 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.15 lakh shares were traded on the counter so far as against the average daily volumes of 61246 shares in the past one month. RattanIndia Enterprises Ltd spiked 10.42% to Rs 39.01. The stock was the second biggest gainer in 'A' group. On the BSE, 14.21 lakh shares were traded on the counter so far as against the average daily volumes of 1.44 lakh shares in the past one month. Jain Irrigation Systems Ltd soared 10.01% to Rs 32.08. The stock was the third biggest gainer in 'A' group. On the BSE, 9.38 lakh shares were traded on the counter so far as against the average daily volumes of 1.83 lakh shares in the past one month. Paras Defence and Space Technologies Ltd advanced 8.75% to Rs 913.35. The stock was the fourth biggest gainer in 'A' group. On the BSE, 3.02 lakh shares were traded on the counter so far as against the average daily volumes of 1.4 lakh shares in the past one month. Jyoti Structures Ltd spurt 8.61% to Rs 13.88. The stock was the fifth biggest gainer in 'A' group. On the BSE, 23.43 lakh shares were traded on the counter so far as against the average daily volumes of 6.01 lakh shares in the past one month. First Published: Jun 04 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
South West Pinnacle Exploration added 2.94% to Rs 270 after the company said that it has been empanelled by Oil India for providing 2D/3D seismic data acquisition services across OIL's onshore acreages in India. The empanelment has been granted for a period of three years and enables the company to participate in bidding opportunities and tenders to be issued by Oil India for seismic data acquisition services during the validity period of the empanelment. This empanelment reflects the Company's technical expertise, operational capabilities, and experience in the field of geophysical and seismic survey services. We believe that the empanelment will further strengthen our position in the exploration services sector and will enhance opportunities for participation in upcoming projects, South West Pinnacle Exploration said in a statement. SWPEL is an integrated service provider, providing end-to-end drilling & exploration of natural resources, viz., coal, ferrous, non-ferrous & atomic minerals, conventional & non-conventional oil & gas, and groundwater investigation. The company's consolidated net profit rose 30.63% to Rs 13.05 crore on a 5.23% increase in revenue to Rs 77.70 crore in Q4 FY26 over Q4 FY25. First Published: Jun 04 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: Jun 04 2026 | 11:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 04 June 2026 The proposed investment is intended to support business expansion initiatives and execution of definitive agreements with A.L.A Corporation for collaboration and development of opportunities in India's aerospace and defense sectors. Post the consummation of the investment by the Company and subject to the investment by A.L.A S.p.A (and/or its subsidiaries) in TVS Packaging, as per the terms of the definitive agreements, the Company will hold 51% shareholding interest in TVS Packaging, and A.L.A S.p.A (and/or its subsidiaries) will hold 49% shareholding interest in TVS Packaging. First Published: Jun 04 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 04 2026 | 11:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 11:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
National Payments Corporation of India has officially partnered with ACLEDA Bank to launch Unified Payments Interface (UPI) acceptance in Cambodia. The Ministry of Finance said that the first phase enables millions of Indian travellers to make seamless QR payments at over 4.5 million Cambodian merchants, with a two-way corridor to follow. It said that the in the subsequent phase, the corridor will become fully bi-directional. Cambodian citizens visiting India will soon be able to use their domestic banking and digital payment applications to scan millions of UPI QR codes throughout India. The Ministry said that UPI is accepted in eight countries including Singapore, the United Arab Emirates, France, Mauritius, Nepal, Bhutan, Qatar and Sri Lanka. Reserve Bank of India (RBI) has been actively pursuing interlinking of Unified Payments Interface (UPI) with fast payment systems of other jurisdictions to promote cross-border payments. These initiatives are aligned with the G20 Roadmap for enhancing cross-border payments, with a focus on cheaper, efficient, more transparent, and more accessible payments. First Published: Jun 04 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The IPO will include both a fresh issue and an offer for sale. First Published: Jun 04 2026 | 11:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil outlook: Brent may stay elevated despite truce hopes; $80-$95 in focus First Published: Jun 04 2026 | 11:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Record Gold Prices Haven’t Deterred Investors. Here’s Why First Published: Jun 04 2026 | 11:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 11:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Irrigation First Published: Jun 04 2026 | 10:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Central Bank of India has appointed Vivek Kumar, General Manager (Finance & Accounts), as the chief financial officer (CFO) of the bank for a period of three years with effect from 3 June 2026. Central Bank of India is engaged in providing banking and financial services with a wide range of products and services to individuals, commercial enterprises, large corporations, public bodies, and institutional customers. On a standalone basis, the PSU lender's net profit fell 29.91% to Rs 724.43 crore on a 4.62% increase in total income to Rs 10,810.49 crore in Q4 March 2026 over Q4 March 2025. Shares of Central Bank of India shed 0.86% to Rs 30.04 on the BSE. First Published: Jun 04 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tenneco Clean Air up 4%; JM Fin sees 19% upside, bets on strong order book First Published: Jun 04 2026 | 10:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 10:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nishchal Jain of Share.Market recommends a 'Buy on Dips' strategy for Vodafone Idea stock for likely targets of ?18 and ?20 levels. First Published: Jun 04 2026 | 10:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brent crude surged 1.9% to $97.81 amid fresh retaliations, sending the S&P 500 to its first loss in 10 days and stoking inflation fears as bond yields and mortgage rates climb. The S&P 500 fell 0.7% from its all-time high for its first drop in 10 days. The Dow Jones Industrial Average dropped 620 points (1.2%) and the Nasdaq composite sank 0.9%. Weighing on the market was a climb of 1.9% for the price of a barrel of Brent crude oil, the international standard which brought it back to $97.81. It rose after both the United States and Iran said they launched retaliations for earlier attacks or attempted ones. More expensive loans can hurt smaller companies in particular because many need to borrow to grow. The Russell 2000 index of the smallest U.S. stocks fell 1.3%, more than the rest of the market. Reports released Wednesday on the U.S. economy came in mixed. One from the Institute for Supply Management said growth accelerated more last month for U.S. construction, agricultural and other services businesses than economists expected. Thats an encouraging signal, but the survey also showed businesses are feeling the pinch of higher prices caused by tariffs and more expensive oil. This is the definition of inflationary pressure starting to affect us, one company in the accommodation and food services industry said in the survey. Still, stocks remain near their records, even with all the pressure on the global economy created by higher inflation. Oil prices remain below their peaks from earlier in the war with Iran, and hope seems to be remaining on Wall Street that the United States and Iran will ultimately agree to reopen the Strait of Hormuz to oil tankers. That would improve the global flow of crude and hopefully lower its price. Palo Alto Networks helped drag the market lower, and it fell 5.6% even though it reported profit for the latest quarter that topped analysts expectations. Medtronic climbed 5.7% after reporting a stronger profit for the latest quarter than analysts expected. It also increased its dividend payout going to investors. GameStop rose 6% after the video-game retailer said its revenue in the latest quarter grew 14% from a year earlier. It also announced a program to send up to $2 billion to its investors by buying back its own stock. Macys added 0.6% after swinging between gains and losses through the day. The retailer reported profit for the latest quarter that blew past analysts forecasts, while saying an overhaul of its merchandise and better customer service is resonating with customers. In stock markets abroad, European indexes fell following a mixed finish in Asia. Hong Kongs Hang Seng dropped 1.6%, but Japans Nikkei 225 jumped 2.5% to another record. Stocks also felt pressure from higher yields in the bond market, which climbed with the price of oil. The yield on the 10-year Treasury rose to 4.49% from 4.46% late Tuesday and from just 3.97% before the war began. High yields worldwide are threatening to slow economies and undercut prices for stocks and all kinds of other investments. They have already forced the average long-term U.S. mortgage rate to its most expensive level in nine months, and they could curtail companies borrowing to build the artificial-intelligence data centers that have supported the U.S. economys growth recently. First Published: Jun 04 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Niva Bupa Health Insurance said that it has appointed Ashwani Bhatia as Chairperson of the Board, effective June 3, 2026, subject to approval from the Insurance Regulatory and Development Authority of India (IRDAI). The company's board has also approved Bhatia's appointment as an Additional Director in the capacity of Non-Executive Independent Director for a term of five consecutive years, subject to shareholders' approval. Meanwhile, Milind Gajanan Barve has resigned as Non-Executive Independent Director and Chairman of the Board, effective from the close of business hours on June 2, 2026, citing persistent health issues. Barve stated that there were no material reasons for his resignation other than those disclosed in his resignation letter. Niva Bupa Health Insurance Company is a leading standalone health insurers in India. As of 31 March 2025, Niva Bupa has over 212 physical branches across India. It additionally offers health insurance through its ecosystem partners including 1.8+ lakh agents, 540 brokers, and over 100 banca & other corporate agency partners. The company's standalone net profit rose 31.21% to Rs 206.08 crore while total income rose 18.51% to Rs 1,626.21 crore in Q4 FY25 over Q4 FY24. Shares of Niva Bupa Health Insurance shed 0.73% to Rs 83.36 on the BSE. First Published: Jun 04 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IIFL Finance approved the pricing, tenure and other terms of the fixed rate, senior, secured notes to be issued by the Company under Regulation S and/or Rule 144A of the U.S. Securities Act 1933 as part of the USD 1,000,000,000 Global Medium Term Note Programme updated by the Company. First Published: Jun 04 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JBM Auto rallied 5.99% to Rs 708.15 after the company recorded 157 electric bus registrations during the month, the highest in the industry. The company operates the worlds largest dedicated integrated electric bus manufacturing facility (outside China), with an annual capacity of 20,000 buses, based in the NCR region. Its electric buses have collectively clocked over 400 million e-kilometres till date. Nishant Arya, vice chairman and managing director, JBM Auto, said, "Our growth reflects a clear focus on decarbonising public transport while aligning with global benchmarks in sustainable mobility. At JBM Auto, we are building solutions that combine innovation, efficiency, and user-centric design. Our aim is not only to reduce emissions, but also to enhance everyday mobility by making it smarter, safer, and more accessible." JBM Auto manufactures and sell sheet metal components, tools, dies & molds and buses including sale of spare parts, accessories & maintenance contract of Buses. The companys consolidated net profit jumped 11.91% to Rs 74.24 crore on 12.55% increase in revenue from operations to Rs 1852.27 crore in Q4 FY26 over Q4 FY25. First Published: Jun 04 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 8:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 8:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy today: South Indian Bank, Suryoday SFB, Apollo Hospitals First Published: Jun 04 2026 | 8:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharat Heavy Electricals (BHEL) said it has signed a contract agreement with Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise for the execution of a project in Nigeria's Dangote Industries Free Zone. The gas turbine generator packages will be deployed at a petroleum refinery and polypropylene plant in Nigeria. The agreement was signed on 2 June 2026 and was awarded through an international tender process. The project is scheduled for completion within 26 months from the effective date of the contract. BHEL stated that neither its promoter group nor group companies have any interest in the awarding entity and that the contract does not qualify as a related-party transaction. Bharat Heavy Electricals (BHEL) is an integrated power plant equipment manufacturer, engaged in the design, engineering, manufacturing, erection, testing, commissioning, and servicing of a diverse range of products and systems. The company caters to key sectors of the Indian economy, including power, transmission, industry, transportation, renewable energy, oil & gas, and defence. On a consolidated basis, the company posted a net profit of Rs 1,290.47 crore in Q4 FY26, up 155.82% YoY and 230.50% QoQ. Revenue from operations rose 36.87% YoY to Rs 12,310.37 crore in Q4 FY26 while growing 45.29% QoQ, driven by strong performance in both power and industry segments. Shares of Bharat Heavy Electricals fell 1.18% to close at Rs 406.10 on the BSE. First Published: Jun 04 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: the Nifty50 and the Sensex are likely to extend losses due to renewed flare-up between the US and Iran. First Published: Jun 04 2026 | 8:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 7:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Analyst shares Nifty strategy; recommends Apollo Hospitals, Federal Bank First Published: Jun 04 2026 | 7:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Foreign investors have maintained net positive flows into ?Indian government debt this year, investing a net amount of $1.4 billion | Illustration: Binay Sinha India plans to scrap capital gains tax on investments in government securities by foreign portfolio investors (FPIs), the Economic Times reported on ?Thursday, citing sources. The plan is part of efforts to draw capital flows into India, amid pressure on the South Asian nation's currency. Reuters could not independently verify the report. An email to the federal finance ministry went unanswered. Here are more details from the report: Cabinet ?meet on Wednesday approved the scrapping of capital gains tax on foreign portfolio investment in government bonds. Decision likely to be implemented via an ordinance amending Income Tax rules. Foreign investors currently pay 12.5 per cent long term capital gains tax on listed shares and ?bonds held for more than 12 months. They also pay 20 per cent withholding ?tax on interest earned in government bonds. This ?may be removed as well. Foreign investors have maintained net positive flows into ?Indian government debt this year, investing a net amount of $1.4 billion, while nearly $28 billion has been pulled ?from equity markets. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 04 2026 | 7:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 7:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 04 2026 | 7:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 03 2026 | 7:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jain Irrigation Systems (JISL) has commissioned a ~20,000 tonne/annum high-tech industrial-scale biochar facility along with its partners in Jalgaon, Maharashtra, advancing climate-smart agriculture, circular manufacturing, and engineered carbon removal at commercial scale. JISL has worked with global experts in the field to design and implement this pioneering project. With a processing capacity of more than 50 metric tonnes of agricultural and fruit processing residue per day, the Jalgaon plant stands among the world's largest single-unit biochar reactors, placing India at the forefront of the global biochar and carbon removal movement. The Jalgaon plant is the first of multiple biochar reactors, with additional units already under development. First Published: Jun 03 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The wholly owned subsidiary is established as part of the Company's long-term strategy to expand its operations beyond India and to create a dedicated platform for trading and marketing of its products in the global marketplace. First Published: Jun 03 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities and Exchange Board of India (Sebi) First Published: Jun 03 2026 | 6:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities and Exchange Board of India (Sebi) First Published: Jun 03 2026 | 5:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 03 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gaurav Arora, vice-president, payments and SuperCoins, Flipkart This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee depreciated 35 paise to close at 95.72 (provisional) against the US dollar on Wednesday, after the US Trade Representative proposed a 12.5 per cent additional duties on Indian imports, citing labour violations. Besides, a strong dollar demand, surging crude oil prices, geopolitical tensions, and relentless foreign capital outflows dented investor sentiment further. At the interbank foreign exchange market, the rupee opened at 95.43 against the US dollar, then touched an intraday low of 95.80 and finally ended the session at 95.72 (provisional), down 35 paise from its previous close. The Indian equity benchmarks closed lower after a volatile session, with the BSE Sensex falling 303.67 points (0.41%) to settle at 74,346.17 and the NSE Nifty 50 dropping 77.95 points (0.33%) to end at 23,405.60. First Published: Jun 03 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The offer received bids for 5.65 crore shares as against 2.30 crore shares on offer. The issue opened for bidding on 3 June 2026 and it will close on 5 June 2026. The price band of the IPO is fixed between Rs 182 and 192 per share. An investor can bid for a minimum of 78 equity shares and multiples thereof. The offer comprises a net offer for sale of up to 3,28,58,323 equity shares. The offer for sale by the selling shareholders comprises up to 49,59,428 shares by Mohan Agarwal, up to 10,00,000 shares by Gauri Shankar Agarwal HUF, up to 5,00,000 by Mohan Agarwal HUF and up to 2,63,98,895 shares by Global Scrap Processors. Ahead of the IPO of CMR Green Technologies on 2 June 2026, the company raised Rs 188.43 crore from anchor investors by allotting 98.14 lakh shares at Rs 192 each to 18 anchor investors. CMR Green Technologies (CMRG) is engaged in the recycling of non-ferrous metals and produces secondary aluminium and zinc die-casting alloys. Along with non-ferrous metals, the firm also offers aluminium billets serving automotive and non-automotive sectors. These billets, made from recycled aluminium, are raw materials used in extrusion processes to create profiles for various applications. Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield Motors, and India Yamaha Motor are the major OEM customers of the company. As on December 31, 2025, the company has 784 permanent employees and 3,956 contractual workmen. For the nine months ended 31 December 2026, the firm recorded a consolidated net profit of Rs 148.09 crore and income from operations of Rs 6,275.52 crore. First Published: Jun 03 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Chipmaking equipment giant Tokyo Electron surged 13.4%, while semiconductor testing equipment maker Advantest rose 5.1%. Other notable performers included Kioxia Holdings (+0.7%), Fujikura (+9.3%), and Furukawa Electric (+4.3%). Japanese firms are playing a key role in building global AI infrastructure, positioning them to benefit from the sectors rapid expansion. Investor sentiment remained upbeat, focusing on growth prospects in AI-related industries despite ongoing geopolitical uncertainty. First Published: Jun 03 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Energy Exchange (IEX) announced that it has achieved monthly electricity volume of 12,983 MUs in May 2026, registering a growth of 18.6% YoY. According to government data released in May 2026, India's electricity consumption rose 11.5% year-on-year to 164.98 billion units, reflecting robust power demand across the country. The Day-Ahead Market (DAM) registered a traded volume of 4,417 MU in May 2026, compared with 3,535 MU in May 2025, representing a growth of 24.9% year-on-year. The Real-Time Electricity Market (RTM) achieved a volume of 5,529 MU during the month, up 15.9% from 4,770 MU recorded in the year-ago period. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 1,034 MU volume during May26 as compared to 915 MU in May25, increase of 13% YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for May26 was at Rs 3.60/ unit, remaining largely flat on a year-on-year basis. A total of 6.10 lakh RECs were traded in May 26, down 65% YoY. Trading sessions were held on 13th May26 and 29th May26, with clearing price of Rs 400/REC. Sell bids declined by 85.3% YoY, leading to a rise in clearing prices during May2026. The next REC trading sessions at the Exchange are scheduled on 10th June26 and 24th June26 Indian Energy Exchange (IEX) is India's premier electricity exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates. The company has reported 10.8% rise in consolidated net profit to Rs 129.77 crore on a 22.5% increase in net sales to Rs 174.30 crore in Q4 FY26 as compared with Q4 FY25. The counter fell 1.60% to settle at Rs 123.20 on the BSE. First Published: Jun 03 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IndusInd Bank on Wednesday clarified that it has not received any communication from any government or regulatory authority regarding the whistleblower complaint referred to in recent media reports. In its filing, the bank said it had not received any communication from authorities regarding receipt of the alleged complaint. The lender further stated that all concerns mentioned in the news report had been examined previously and that appropriate actions had been taken in accordance with its internal policies and applicable regulatory requirements. The bank said it had proactively reported certain matters to relevant authorities and continues to extend full cooperation in line with regulatory obligations. IndusInd Bank also said it has consistently followed established governance and oversight processes while addressing such matters. It added that conclusions based on unverified allegations may not present a complete or accurate picture of the situation. The clarification follows media reports that a whistleblower complaint had been submitted to the Prime Minister's Office, the Reserve Bank of India and other agencies. The complaint reportedly sought an investigation into alleged insider trading, governance failures and shortcomings in forensic and audit reviews linked to a previously disclosed Rs 2,000-crore discrepancy at the bank. According to the report, the complaint names Samir Agarwal, former zonal head of eastern India at IndusInd Bank. It alleges insider trading, manipulation of financial records, evergreening of microfinance loans and suppression of audit findings. The report further claimed that Agarwal made gains of around Rs 46 crore through share transactions worth nearly Rs 815 crore. It also alleged that confidential information was used to facilitate trades by family members and related entities. The bank reported a standalone net profit of Rs 532.71 crore in Q4 FY26, compared with a net loss of Rs 2,235.99 crore in the corresponding quarter last year. Total income rose 12.07% year-on-year (YoY) to Rs 12,711.77 crore in Q4 March 2026. First Published: Jun 03 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HMA Agro Industries said that Mohammad Mehmood Qureshi has resigned as managing director and director with effect from the close of business hours on 2 June 2026 due to personal reasons and other professional commitments. HMA Agro Industries is the flagship company of the HMA Group, a prominent player in the meat industry with over four decades of experience. The HMA Group is recognized as one of Indias largest manufacturers and exporters of products, including frozen boneless buffalo meat, seafood, pet food, rice, and finished leather. The company reported a consolidated net profit of Rs 12.35 crore in Q4 FY25, which is significantly higher as compared with the PAT of Rs 1.54 crore recorded in Q4 FY24. Revenue from operations increased by 7.9% YoY to Rs 1,499.56 crore during the quarter. Shares of HMA Agro Industries shed 0.38% to close at Rs 23.70 on the BSE. First Published: Jun 03 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India has a strong opportunity on the demand side, especially in automotive. First Published: Jun 03 2026 | 5:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investors showed confidence in AI-related shares despite concerns about high valuations, encouraged by expectations of strong earnings growth. On the economic front, a private survey revealed that Chinas Composite PMI climbed to a three-month high of 54.0 in May. The services PMI was the main driver, rising to 54.4, also a three-month peak. However, manufacturing momentum slowed, with the PMI easing to 51.8 from Aprils five-year high of 52.2. This highlighted the uneven nature of Chinas economic recovery, where services are providing stronger support compared to manufacturing. First Published: Jun 03 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Purchasing Managers Index (PMI) for manufacturing rose to a four-month high of 56.9 in February 2026 while the services PMI stood at 58.1. This indicates sustained expansion across both sectors. Industrial activity was supported by strong performance in domestic demand-driven segments such as steel and cement, with steel production growing by 7.2% and cement output by 9.3% in February 2026. This reflects continued infrastructure momentum and public capital expenditure support. Considering the demand side, retail automobile sales expanded by 25.2% YoY in February 2026, with strong growth across two-wheelers, commercial vehicles and tractors, while digital payments volume increased by 26.6%, indicating resilient consumption demand. Indias growth momentum remains broad-based, although external shocks pose near-term downside risks due to the support of sustained capital expenditure, the Bharat Audyogik Vikas Yojna (BHAVYA) and strong domestic demand conditions. Indias external sector remains supported by resilient services exports, strong foreign exchange reserves, and diversified trade linkages, even as rising crude oil prices and West Asia disruptions increase near-term risks. During AprilFebruary FY26, total exports of goods and services grew by 5.8% YoY to 790.9 billion USD. Merchandise exports grew modestly by 1.8% while non-petroleum, non-gems and jewellery exports increased by 5.7%, led by strong growth in electronic goods exports. Services exports remained the key strength of the external sector, rising by 10.2% to 387.9 billion USD and generating a net services surplus of 201 billion USD, covering 64.7% of the merchandise trade deficit. Total imports rose by 7.4% to 900.5 billion USD, resulting in a total trade deficit of 109.7 billion USD. Indias foreign exchange reserves remained comfortable at 709.8 billion USD as of 13 March 2026, providing over 11 months of import cover and covering around 95% of external debt outstanding, strengthening resilience against global volatility. First Published: Jun 03 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 03 2026 | 3:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Diamond Power Infrastructure (DPIL) said that it has announced the successful commissioning of its eighth Medium Voltage (MV) / Extra High Voltage (EHV) power cable production line at its manufacturing facility in Vadodara, Gujarat. The new production line enhances the company's manufacturing capabilities in the technologically advanced MV and EHV underground power cable segment, which caters to power transmission networks, power generation projects, renewable energy evacuation systems, urban underground distribution networks, metro rail projects, airports, data centers and industrial infrastructure. The company said two additional MV/EHV cable production lines are currently under installation and commissioning and are expected to become operational on or before 31 March 2027. Upon completion, DPIL will operate a total of 10 MV/EHV production lines at its Vadodara facility. According to the company, demand for MV and EHV underground power cables in India continues to be driven by investments in power transmission and distribution infrastructure, renewable energy integration, urban underground cabling projects and expansion of critical infrastructure. DPIL noted that the MV and EHV cable segment remains technology-intensive, requiring advanced manufacturing facilities, sophisticated testing infrastructure and stringent quality standards, creating significant entry barriers for new market participants. Diamond Power Infrastructure is engaged in the manufacturing of power cables and conductors, offering a wide product range from 1.1 kV to 400 kV. Its clientele includes utilities, EPC contractors, renewable energy developers, and industrial customers. Shares of Diamond Power Infrastructure fell 2.92% to Rs 188.50 on the BSE. First Published: Jun 03 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
LTM Ltd, Coforge Ltd, Persistent Systems Ltd and Apollo Micro Systems Ltd are among the other losers in the BSE's 'A' group today, 03 June 2026. LTM Ltd, Coforge Ltd, Persistent Systems Ltd and Apollo Micro Systems Ltd are among the other losers in the BSE's 'A' group today, 03 June 2026. Tata Consultancy Services Ltd crashed 8.15% to Rs 2248.5 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 10.05 lakh shares were traded on the counter so far as against the average daily volumes of 2.81 lakh shares in the past one month. LTM Ltd tumbled 6.45% to Rs 4062.1. The stock was the second biggest loser in 'A' group.On the BSE, 49268 shares were traded on the counter so far as against the average daily volumes of 20145 shares in the past one month. Coforge Ltd lost 6.07% to Rs 1425.6. The stock was the third biggest loser in 'A' group.On the BSE, 1.62 lakh shares were traded on the counter so far as against the average daily volumes of 3.34 lakh shares in the past one month. Persistent Systems Ltd slipped 6.03% to Rs 5139.25. The stock was the fourth biggest loser in 'A' group.On the BSE, 51110 shares were traded on the counter so far as against the average daily volumes of 41559 shares in the past one month. Apollo Micro Systems Ltd plummeted 5.96% to Rs 410.6. The stock was the fifth biggest loser in 'A' group.On the BSE, 25.42 lakh shares were traded on the counter so far as against the average daily volumes of 21.95 lakh shares in the past one month. First Published: Jun 03 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mukta Arts Ltd, DSJ Keep Learning Ltd, Mohit Industries Ltd and TechNVision Ventures Ltd are among the other losers in the BSE's 'B' group today, 03 June 2026. Mukta Arts Ltd, DSJ Keep Learning Ltd, Mohit Industries Ltd and TechNVision Ventures Ltd are among the other losers in the BSE's 'B' group today, 03 June 2026. Heads UP Ventures Ltd lost 15.70% to Rs 7.09 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 43696 shares were traded on the counter so far as against the average daily volumes of 5794 shares in the past one month. Mukta Arts Ltd tumbled 9.94% to Rs 62.5. The stock was the second biggest loser in 'B' group.On the BSE, 785 shares were traded on the counter so far as against the average daily volumes of 2314 shares in the past one month. DSJ Keep Learning Ltd crashed 8.44% to Rs 2.06. The stock was the third biggest loser in 'B' group.On the BSE, 11102 shares were traded on the counter so far as against the average daily volumes of 15119 shares in the past one month. Mohit Industries Ltd pared 8.23% to Rs 22.2. The stock was the fourth biggest loser in 'B' group.On the BSE, 9806 shares were traded on the counter so far as against the average daily volumes of 2597 shares in the past one month. TechNVision Ventures Ltd fell 8.11% to Rs 5100. The stock was the fifth biggest loser in 'B' group.On the BSE, 211 shares were traded on the counter so far as against the average daily volumes of 67 shares in the past one month. First Published: Jun 03 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Concord Biotech Ltd notched up volume of 53.35 lakh shares by 14:14 IST on NSE, a 14.12 fold spurt over two-week average daily volume of 3.78 lakh shares Mangalore Refinery And Petrochemicals Ltd, Cartrade Tech Ltd, IFCI Ltd, RHI Magnesita India Ltd are among the other stocks to see a surge in volumes on NSE today, 03 June 2026. Concord Biotech Ltd notched up volume of 53.35 lakh shares by 14:14 IST on NSE, a 14.12 fold spurt over two-week average daily volume of 3.78 lakh shares. The stock rose 3.74% to Rs.1,209.80. Volumes stood at 18.58 lakh shares in the last session. Mangalore Refinery And Petrochemicals Ltd witnessed volume of 225.12 lakh shares by 14:14 IST on NSE, a 7.07 times surge over two-week average daily volume of 31.86 lakh shares. The stock increased 4.34% to Rs.153.40. Volumes stood at 28.97 lakh shares in the last session. Cartrade Tech Ltd notched up volume of 26.83 lakh shares by 14:14 IST on NSE, a 5.18 fold spurt over two-week average daily volume of 5.18 lakh shares. The stock rose 8.55% to Rs.1,948.40. Volumes stood at 3.79 lakh shares in the last session. IFCI Ltd recorded volume of 2229.96 lakh shares by 14:14 IST on NSE, a 5.14 times surge over two-week average daily volume of 433.75 lakh shares. The stock gained 12.83% to Rs.80.83. Volumes stood at 1057.43 lakh shares in the last session. RHI Magnesita India Ltd recorded volume of 60.27 lakh shares by 14:14 IST on NSE, a 5.08 times surge over two-week average daily volume of 11.88 lakh shares. The stock gained 8.95% to Rs.375.50. Volumes stood at 29.11 lakh shares in the last session. First Published: Jun 03 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IFCI stock rose to a 21-month high in Wednesday's trade. First Published: Jun 03 2026 | 3:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 03 2026 | 3:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 03 2026 | 3:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 03 2026 | 3:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Crude oil outlook: Brent seen in $90 - $115 range as supply strains persist First Published: Jun 03 2026 | 2:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 03 2026 | 9:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 03 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 03 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty June 2026 futures currently traded 11.00 points lower, suggesting a flat opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 8,362.92 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 9,589.32 crore in the Indian equity market on 02 June 2026, provisional data showed. The FIIs have sold shares worth Rs 12,274.60 crore so far in June (till 02 June 2026). This follows their cash sales of Rs 55,963.33 crore in May, Rs 70,135.46 crore in April and Rs 122,540.41 crore in March. Global Markets: Asia markets traded broadly higher on Wednesday as investors appeared to look past uncertainty over U.S.-Iran negotiations aimed at ending the Middle East conflict. Tensions have escalated between Washington and Tehran, with Secretary of State Marco Rubio saying on Tuesday that Iran has mined "large segments of the Strait of Hormuz. A White House official was quoted by the media saying that the Pentagon has destroyed numerous mines and over 40 minelaying vessels. The Strait of Hormuz is a critical waterway, particularly for the energy market globally around 20% of the worlds oil supplies passed through the strait before the war. Overnight on Wall Street, the S&P 500 ticked up to a record close after reaching a new all-time high on Tuesday as traders monitored the latest U.S.-Iran developments as well as moves in major tech names. The broad-based index advanced 0.13% to end at 7,609.78 for its first close above the 7,600 threshold, while the Dow Jones Industrial Average gained 228.91 points, or 0.45%, to 51,307.79. The latter also rose to a new all-time intraday high earlier in the session. The Nasdaq Composite eked out a gain of 0.03% to end at 27,093.90. Domestic Market: The headline equity benchmarks ended higher on Tuesday, snapping a four-day losing streak, aided by easing crude oil prices and strong gains in IT stocks. Investors continued to track developments surrounding the U.S.-Iran ceasefire situation. The Nifty rebounded sharply from its intraday low of 23,229.15 and briefly crossed the 23,500 mark during the session. Consumer durables and FMCG stocks also advanced, while pharma and healthcare shares remained under pressure. However, concerns over the monsoon outlook, lingering geopolitical tensions in the Middle East and the upcoming RBI monetary policy decision capped gains. The S&P BSE Sensex jumped 382.50 points or 0.52% to 74,649.84. The Nifty 50 index rose 100.95 points or 0.43% to 23,483.55. In the past four consecutive trading sessions, the Sensex tanked 2.90% while the Nifty fell 2.70%. First Published: Jun 03 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 84.17% to Rs 2.06 crore For the full year,net loss reported to Rs 10.67 crore in the year ended March 2026 as against net profit of Rs 0.99 crore during the previous year ended March 2025. Sales declined 60.49% to Rs 7.93 crore in the year ended March 2026 as against Rs 20.07 crore during the previous year ended March 2025. First Published: Jun 03 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 8.44% to Rs 13.12 crore For the full year,net loss reported to Rs 1.13 crore in the year ended March 2026 as against net profit of Rs 0.17 crore during the previous year ended March 2025. Sales declined 43.14% to Rs 44.40 crore in the year ended March 2026 as against Rs 78.09 crore during the previous year ended March 2025. First Published: Jun 03 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 0.57 crore in the year ended March 2026 as against net profit of Rs 0.85 crore during the previous year ended March 2025. Sales declined 76.55% to Rs 1.02 crore in the year ended March 2026 as against Rs 4.35 crore during the previous year ended March 2025. First Published: Jun 03 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 0.07 crore in the year ended March 2026 as against net loss of Rs 0.10 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: Jun 03 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 10.70% to Rs 515.64 crore For the full year,net profit declined 42.71% to Rs 12.26 crore in the year ended March 2026 as against Rs 21.40 crore during the previous year ended March 2025. Sales rose 3.60% to Rs 1816.84 crore in the year ended March 2026 as against Rs 1753.70 crore during the previous year ended March 2025. First Published: Jun 03 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 03 2026 | 8:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jones George, Executive Director, Geojit Financial Services First Published: Jun 03 2026 | 8:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 03 2026 | 8:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
B.R. Goyal Infrastructure said that it has received a letter of award (LoA) from the National Highways Authority of India for the engagement of a user fee collection agency at Kathpur Fee Plaza on the Himmat Nagar-Chiloda section of NH-8 in Gujarat. The company said the order has been awarded by a domestic entity and does not involve any related party transaction. B.R. Goyal Infrastructure is engaged in constructing infrastructure projects such as roads, highways, bridges, and buildings. On a full-year basis, the company's consolidated net profit increased 15.1% to Rs 25.18 crore on a 13.4% drop in net sales to Rs 509.80 crore in FY25 over FY24. Shares of B.R. Goyal Infrastructure jumped 7.15% to close at Rs 127.35 on the BSE. First Published: Jun 03 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Investors are beginning to defend the IT sector near important long term support zones, says Apurva Sheth of SAMCO Securities First Published: Jun 03 2026 | 7:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to open lower on Wednesday due to uncertainty about the US-Iran peace deal. First Published: Jun 03 2026 | 7:53 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 03 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy today: Analyst recommends LTM, JSW Cement; check targets First Published: Jun 03 2026 | 7:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices climbed more than 1 per cent in early trade on Wednesday as hostilities in the Middle East erupted anew with Iran firing missiles at Kuwait and Bahrain, while diplomatic talks between Iran and the United ?States showed little progress. Brent futures rose $1.05, or 1.09 per cent, at $97.05 a barrel, while US West Texas Intermediate (WTI) crude rose $1.01, or 1.08 per cent, to settle at $94.77. Both benchmarks settled at a one-week high in the previous session. Iran launched ballistic missiles toward regional neighbors Kuwait and Bahrain but failed to hit targets, the US military said, adding that US forces conducted strikes on Iran's Qeshm Island in response to attempted attacks. The market awaited news on the Iran war, with Tehran reviewing a ?proposed agreement with the US to halt the conflict. Iran has not communicated with Washington for a few days, Iranian media reported on Tuesday, though Trump said negotiations had been going on continuously. ANZ bank senior commodity strategist Daniel Hynes said any efforts to reopen the Strait of Hormuz face challenges as Iran has mined large portions of the vital waterway. "There has been a slight tick up in vessels attempting the journey, but ?total transits remain significantly below pre-conflict levels," Hynes said. More than three months after the US and Israel launched strikes against Iran, ?the conflict is stuck in a stalemate, with a shaky ceasefire in. On the ?supply side, US crude oil inventories fell for a seventh straight week last week, according to market sources citing American Petroleum Institute ?data released on Tuesday. Crude stocks fell by 6.8 million barrels in the week ended May 29, the sources said. US government data on stockpiles is due ?at 10:30 a.m. ET (1430 GMT) on Wednesday. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 03 2026 | 7:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IRCTC stock at 5-yr low: Is the monopoly story over for railway company? First Published: Jun 03 2026 | 7:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 7:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 02 2026 | 7:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 6:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 6:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To provide customized financial solutions to registered tobacco growers across Karnataka First Published: Jun 02 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Alkem is the first company in India to introduce semaglutide in single-shot pre-filled syringe format, expanding treatment options for patients and lowering entry barriers with its affordable pricing. The ready-to-use single shot pre-filled syringe format offers enhanced access, and convenience. The company has received approval from the Drugs Controller General of India (DCGI) to manufacture and market semaglutide pre-filled syringes for the management of Type 2 diabetes mellitus and obesity as an adjunct to diet and exercise. In March 2026, Alkem had already launched semaglutide in pre-filled disposable and reusable injection pens format in the Indian market. The company has also received regulatory approval for semaglutide vials, which will be launched soon. First Published: Jun 02 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 02 June 2026 The board of Canara Bank in its meeting held today on 02 June 2026 has approved the Capital Raising Plan of the Bank for the financial year 2026-27 amounting upto Rs.8,500 crore by way of Debt Instruments (Additional Tier I/Tier II Bonds). Further, out of the above Capital Raising Plan, the Board of Directors of the Bank has approved the following: First Published: Jun 02 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The validity of the license is perpetual and subject to such terms and conditions as may be specified by IFSCA. First Published: Jun 02 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 6:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee depreciated 15 paise to close at 95.34 (provisional) against the US dollar on Tuesday, as global crude oil prices jumped and the American currency remained firm amid massive safe-haven inflows. Significant foreign fund outflows also weighed on the investor sentiments. At the interbank foreign exchange market, the rupee opened at 95.16 against the US dollar, then touched an intraday high of 95.03 and a low of 95.37. Indian shares closed higher on Tuesday, staging a rebound after four days of losses as investors assessed mixed signals over the status of U.S.-Iran peace talks and awaited upcoming RBI rate decision. The Nifty 50 gained 100.95 points (0.43%) to close at 23,483.55, while the Sensex rose 382.50 points (0.52%) to settle at 74,649.84. First Published: Jun 02 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The S&P BSE Sensex jumped 382.50 points or 0.52% to 74,649.84. The Nifty 50 index rose 100.95 points or 0.43% to 23,483.55. In the past four consecutive trading sessions, the Sensex tanked 2.90% while the Nifty fell 2.70%. The broader market underperformed the frontline indices. The BSE 150 MidCap Index rose 0.33% and the BSE 250 SmallCap Index rallied 0.50%. The market breadth was negative. On the BSE, 1,573 shares rose and 2,732 shares fell. A total of 217 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 7.17% to 15.36. Economy: India's factory output, measured by the Index of Industrial Production (IIP), rose 4.9% in April 2026, up from 3.2% in March, driven mainly by strong manufacturing activity, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI). April also marked the launch of a revised IIP series with 2022-23 as the base year, replacing the 2011-12 series. The new series features an updated item basket, revised weights and wider sectoral coverage to better reflect the current structure of the Indian economy. Among sectors, manufacturing output grew 6.2%, while electricity and gas supply rose 4.9%. Water supply, sewerage and waste management expanded 6.6%. However, mining and quarrying output contracted 5.1%. Numbers to Track: The yield on India's 10-year benchmark federal paper slipped 0.17% to 7.010 compared with previous session close of 7.022. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.3700 compared with its close of 95.1900 during the previous trading session. MCX Gold futures for 5 June 2026 settlement gained 0.96% to Rs 155,729. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.06% to 99.13. The United States 10-year bond yield fell 0.98% to 4.428. In the commodities market, Brent crude for August 2026 settlement lost $1.13 or 1.19% to $93.85 a barrel. Global Markets: U.S. Dow Jones futures were down 188 points, signalling a weak start for Wall Street later in the day. European stocks traded higher on Tuesday, while oil prices eased as investors assessed uncertainty surrounding efforts to secure a peace agreement in the Middle East. U.S. President Donald Trump said he believes a peace deal with Iran could be reached within the next week. He acknowledged that there had been "a little glitch" in the negotiations, apparently referring to tensions arising from Israel's military actions in Lebanon and Iran's reported objections to them. Most Asian indices ended higher, tracking overnight gains on Wall Street, as investors balanced optimism over artificial intelligence-driven growth against renewed uncertainty surrounding U.S.-Iran negotiations. However, Trump later struck a more dismissive tone regarding the talks, telling reporters on Monday, "I don't care if they're over, honestly," when asked about reports that Iranian negotiators were considering abandoning discussions with Washington and potentially moving to block the Strait of Hormuz in response to Israel's campaign against the Iran-backed Hezbollah group in Lebanon. When asked whether Iranian officials had formally informed him that negotiations were ending, Trump said, "No, they haven't." Overnight, Wall Street's major indices closed at record highs, supported by gains in technology stocks. Chipmaker Nvidia led advances after unveiling a new chip for personal computers, reinforcing investor confidence in the artificial intelligence sector. The S&P 500 rose 0.26% to close at 7,599.96, while the Nasdaq Composite gained 0.42% to 27,086.81. The Dow Jones Industrial Average added 46.42 points, or 0.09%, to finish at 51,078.88. All three indices touched fresh intraday highs and ended the session at record closing levels. Stocks in Spotlight: The Nifty IT index surged 4.23% to 31,116.55. The index climbed 7.64% in three consecutive trading sessions. All constituent stocks ended in the green, led by TCS (6.69%), Infosys (5.61%), HCL Technologies (4.17%), LTIMindtree (3.86%), Mphasis (3.66%), Coforge (3.07%), Wipro (1.79%), Tech Mahindra (1.74%), Oracle Financial Services Software (1.71%) and Persistent Systems (1.35%). Coforge jumped 3.07% after the IT services company announced the launch of its Nexa Agentic AI Platform, a new artificial intelligence-powered business platform aimed at the global insurance industry. Ola Electric Mobility rose 0.76%. The electric vehicle maker announced the launch of a qualified institutions placement (QIP) to raise funds from institutional investors. The committee also approved a floor price of Rs 37.74 per equity share for the issue. Suryoday Small Finance Bank (SFB) rallied 3.60% after the bank announced that its board is scheduled to meet on Thursday, 25 June 2026 to consider raising funds through mix of equity and debt instruments. Atul Auto shed 0.28%. The company reported total vehicle sales of 3,236 units in May 2026, which is higher by 29.3% as compared with sales figure of 2,502 units recorded in May 2025. Hero MotoCorp added 1.14% after the company reported dispatches of 570,068 units in May 2026, registering a 12.28% year-on-year (YoY) increase compared with 507,701 units in May 2025. Paras Defence and Space Technologies added 4.81% after the company has received an order from Bharat Electronics (BEL) for the supply of electro-optics systems valued at approximately Rs 52.82 crore. Authum Investment & Infrastructure shed 0.94%. The company announced the resignation of Amit Kumar Jha as chief financial officer (CFO), effective from the close of business hours on 1 June 2026. Acme Solar Holdings surged 8.97% after the companys board approved the opening of the issue of qualified institutional placement (QIP) of equity shares with a floor price of Rs 294.13 per share. The floor price is at a discount of 4.16% to the scrips previous closing price of Rs 306.90 on the BSE. Dee Development Engineers hit an upper circuit of 5% after the company said that it has secured contracts aggregating to Rs 206.55 crore from a public sector Maharatna EPC conglomerate of power sector. PNC Infratech rose 1.53%. The company has received a letter of award (LoA) from the Lucknow Development Authority, Uttar Pradesh, for an EPC contract worth Rs 194.40 crore. Transrail Lighting rose 0.65%. The company announced fresh order wins worth Rs 575 crore and disclosed that it holds the lowest bidder (L1) position for projects worth around Rs 400 crore. Anant Raj rallied 2.52% after the company has entered into memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC) to establish data centre and cloud services in Haryana. First Published: Jun 02 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Concord Enviro Systems said that its arm, Rochem Separation Systems (India), has secured an order of Rs 16 crore from a specialized rail engineering and manufacturing company for the installation of Zero Liquid Discharge (ZLD) systems. Concord Enviro Systems (CESL) is a global provider of water and wastewater treatment and reuse solutions, including zero liquid discharge (ZLD) technology. CESL has in-house capabilities to develop solutions across the entire value chain, including designing, manufacturing, installation and commissioning, operation and maintenance (O&M), and digitalization solutions, including the Internet of Things (IoT). The company reported a consolidated net profit of Rs 14.15 crore in Q4 FY26, compared with a net loss of Rs 8.17 crore in Q3 FY26, indicating a sequential turnaround. Revenue from operations rose 65.40% quarter-on-quarter (QoQ) to Rs 206.04 crore in Q4 FY26. However, on a year-on-year (YoY) basis, revenue marginally declined 0.45% from the corresponding quarter last year. The counter fell 5.80% to end at Rs 257.30 on the BSE. First Published: Jun 02 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Magellanic Cloud announced that its wholly owned subsidiary, Provigil Surveillance, has received a letter of acceptance (LoA) from South Western Railway's Hubli Division for a project worth Rs 4.31 crore. The order further strengthens Magellanic Cloud's presence in the railway surveillance and safety infrastructure segment. With this contract, the company's cumulative railway sector order book has exceeded Rs 250 crore, reflecting its growing footprint across key railway zones and divisions in India. The company said the project further strengthens its execution track record in supporting Indian Railways' modernization and safety enhancement initiatives. It added that increasing investments in digital infrastructure, surveillance and asset protection by public sector undertakings and government agencies continue to provide long-term growth opportunities. Magellanic Cloud clarified that none of its promoters, promoter group entities or group companies have any interest in the awarding authority. The company also stated that the contract does not constitute a related-party transaction. Earlier, Provigil Surveillance had secured a Rs 9.72 crore surveillance infrastructure project from East Coast Railway's Sambalpur Division for the deployment of CCTV systems at 91 manned non-interlocked level-crossing gates. Magellanic Cloud specializes in offering services pertaining to software development, digital transformation, generative artificial intelligence (GenAI), the internet of things (IoT), e-surveillance, and advanced drone-based applications. The company's consolidated net profit jumped 32.1% to Rs 29.49 crore on a 31.5% increase in revenue to Rs 205.55 crore in Q4 FY26 over Q4 FY25. The counter shed 0.35% to Rs 25.64 on the BSE. First Published: Jun 02 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The project pertains to the Provision of CCTV at 75 Non-Interlocked Manned Level Crossing Gates over Hubli Division. The scope of work includes supply, installation, testing and commissioning of CCTV / Video Surveillance Systems, networking and telecom infrastructure, integration of monitoring systems, power backup arrangements, solar power systems, computer vision-based gate monitoring solutions and other ancillary infrastructure required for the project. This LOA further strengthens the Company's position in the railway surveillance and safety infrastructure segment. With cumulative railway sector orders now exceeding Rs 250 crore, the Company continues to expand its footprint across key railway zones and divisions nationwide. First Published: Jun 02 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BS Marketing Initiative First Published: Jun 02 2026 | 4:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India VIX tanked 7.17% to 15.36. In the cash market, the Nifty 50 index gained 100.95 points or 0.43% to 23,483.55. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 7.17% to 15.36. Infosys, HDFC Bank (India) and Tata Consultancy Services were the top-traded individual stock futures contracts in the F&O segment of the NSE. The June 2026 F&O contracts will expire on 30 June 2026. First Published: Jun 02 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Black Box announced a strategic alliance with AIONOS, an AI-native enterprise technology company, to accelerate AI transformation across enterprises, from infrastructure deployment to business outcomes. The collaboration aims to help organisations build, deploy and manage AI securely and at scale. The companies will jointly develop industry-focused solutions and expand go-to-market opportunities across India, North America, EMEA and APAC. CP Gurnani, co-founder & vice chairman of AIONOS, said, "India is at an extraordinary inflection point. We are not just consuming AI, we are building it, exporting it, and setting the agenda for how the world deploys intelligent technology at scale. This alliance between AIONOS and Black Box is a direct expression of that belief. Black Box brings the digital infrastructure engine spanning data centers, enterprise networks, and IoT across 35+ countries, and together we cover the entire journey from the physical layer to the AI application layer." The two companies will jointly collaborate in developing industry-focused solutions and expanding goto-market opportunities across India, North America, EMEA, and APAC. In India, a key focus area will be the rapidly expanding Global Capability Centre (GCC) ecosystem, where the alliance is uniquely positioned to help GCCs build AI-ready infrastructure, deploy enterprise-grade AI solutions, and create intelligent, scalable operations that integrate seamlessly with their global parent organizations. AI transformation begins with a strong digital foundation, and Black Box enables that foundation through mission-critical infrastructure, connectivity, and managed services that power enterprise operations worldwide. Combined with AIONOS's applied AI platforms and domain expertise, we can help organizations move from AI ambition to AI at scale, connecting infrastructure, operations, and intelligence to create measurable business value." said, Sanjeev Verma, President & CEO, Black Box "Enterprises do not need more AI ambition. They need a partner who can make AI real across their entire business. That is exactly what this alliance is built for. AIONOS brings the AI platform, data capabilities and vertical intelligence. Black Box brings the global infrastructure and delivery scale. Together, we give enterprises a single, accountable partnership that owns the transformation journey, from infrastructure to intelligence, from strategy to outcomes," concluded Simmi Dhamija, Chief Operating Officer, AIONOS. Black Box is a global digital infrastructure solutions provider offering network integration, digital connectivity, data centre, cybersecurity, managed services and technology solutions to enterprise customers across multiple industries. The company reported a 7.1% increase in net profit to Rs 64.76 crore in Q4 FY26 from Rs 60.47 crore in Q4 FY25. Revenue rose by 9.5% year-on-year (YoY) to Rs 1,690.94 crore during the period under review. Shares of Black Box fell 1.73% to close at Rs 1,023.55 on the BSE. First Published: Jun 02 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 4:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Servotech Renewable Power System gained 2.59% to settle at Rs 101.25 after the company has entered into a Memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC) to expand its operations in Haryana. The Haryana government, through HEPC, has committed to providing necessary facilitation and ease-of-doing-business support to ensure the successful execution of the company's proposed projects and investments. Servotech Renewable Power System develops tech-enabled EV charging solutions. The company offers an extensive range of AC and DC chargers which are compatible with different electric vehicles and serve multiple applications such as commercial and domestic. The companys consolidated net profit climbed 57.84% to Rs 12.28 crore on 48.56% jump in revenue from operations to Rs 217.32 crore in q4 FY26 over Q4 FY25. First Published: Jun 02 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As per provisional closing data, the barometer index, the S&P BSE Sensex surged 382.50 points or 0.52% to 74,649.84. The Nifty 50 index rallied 100.95 points or 0.43% to 23,483.55. In the past four consecutive trading sessions, the Sensex tanked 2.90% while the Nifty fell 2.70%. The broader market underperformed the frontline indices. The BSE 150 MidCap Index rose 0.33% and the BSE 250 SmallCap Index rallied 0.50%. The market breadth was negative. On the BSE, 2,295 shares rose and 1,905 shares fell. A total of 190 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 7.17% to 15.36. In the commodities market, Brent crude for Aug 2026 settlement lost $1.21 or 1.27% to $93.77 a barrel. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.3000 compared with its close of 95.1900 during the previous trading session. Buzzing Index: The Nifty IT index surged 4.23% to 31,116.55. The index climbed 7.64% in three consecutive trading sessions. Tata Consultancy Services (up 6.68%), Infosys (up 5.68%), HCL Technologies (up 3.96%), Coforge (up 3.92%), LTM (up 3.50%), Mphasis (up 3.40%), Tech Mahindra (up 1.90%), Wipro (up 1.69%), Oracle Financial Services Software (up 1.46%) and Persistent Systems (up 1.31%) advanced. Stocks in Spotlight: Magellanic Cloud added 0.86%. The companys wholly owned subsidiary, Provigil Surveillance, has received a letter of acceptance (LoA) from East Coast Railway's Sambalpur Division for a surveillance infrastructure project worth Rs 9.72 crore. Coforge jumped 4.68% after the IT services company announced the launch of its Nexa Agentic AI Platform, a new artificial intelligence-powered business platform aimed at the global insurance industry. Ola Electric Mobility rose 0.68%. The electric vehicle maker announced the launch of a qualified institutions placement (QIP) to raise funds from institutional investors. The committee also approved a floor price of Rs 37.74 per equity share for the issue. The floor price is at 3.23% to the ruling market price and it is at a discount of 4.53% to the previous session's closing price of Rs 39.53. Suryoday Small Finance Bank (SFB) rallied 3.99% after the bank announced that its board is scheduled to meet on Thursday, 25 June 2026 to consider raising funds through mix of equity and debt instruments. Atul Auto shed 0.70%. The company reported total vehicle sales of 3,236 units in May 2026, which is higher by 29.3% as compared with sales figure of 2,502 units recorded in May 2025. Hero MotoCorp added 1.12% after the company reported dispatches of 570,068 units in May 2026, registering a 12.28% year-on-year (YoY) increase compared with 507,701 units in May 2025. Paras Defence and Space Technologies added 4.20% after the company has received an order from Bharat Electronics (BEL) for the supply of electro-optics systems valued at approximately Rs 52.82 crore. Authum Investment & Infrastructure shed 0.82%. The company announced the resignation of Amit Kumar Jha as chief financial officer (CFO), effective from the close of business hours on 1 June 2026. Acme Solar Holdings surged 8.18% after the companys board approved the opening of the issue of qualified institutional placement (QIP) of equity shares with a floor price of Rs 294.13 per share. The floor price is at a discount of 4.16% to the scrips previous closing price of Rs 306.90 on the BSE. SBC Exports rose 0.43%. The company has received a repeat export order worth Rs 18 crore from Dubai-based HUXXE Readymade Garments Trading LLC for the supply of garment products. Dee Development Engineers hit an upper circuit of 5% after the company said that it has secured contracts aggregating to Rs 206.55 crore from a public sector Maharatna EPC conglomerate of power sector. PNC Infratech rose 1.30%. The company has received a letter of award (LoA) from the Lucknow Development Authority, Uttar Pradesh, for an EPC contract worth Rs 194.40 crore. Transrail Lighting rose 0.69%. The company announced fresh order wins worth Rs 575 crore and disclosed that it holds the lowest bidder (L1) position for projects worth around Rs 400 crore. Anant Raj rallied 2.21% after the company has entered into memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC) to establish data centre and cloud services in Haryana. Global Markets: European stocks traded higher on Tuesday, while oil prices eased as investors assessed lingering uncertainty surrounding a potential agreement aimed at ending hostilities in the Middle East. Most Asian markets ended higher on Tuesday, tracking overnight gains on Wall Street, as investors weighed renewed uncertainty over U.S.-Iran peace negotiations. Wall Street's major indexes climbed to fresh record highs overnight, supported by optimism surrounding technology stocks and expectations of continued strength in the artificial intelligence sector. U.S. President Donald Trump on Monday shrugged off the possibility that peace talks with Iran could fall apart, reportedly telling the media, "I dont care if theyre over, honestly. Trump was responding to a question about reports earlier Monday that Iranian negotiators were considering ending discussions with Washington and moving to completely block the Strait of Hormuz in response to Israels military campaign in Lebanon targeting the Iran-backed Hezbollah group. When asked whether Iranian officials had informed him that they would no longer continue negotiations, Trump replied, "No, they havent." Overnight on Wall Street, the S&P 500 rose even as oil prices advanced, with Nvidia leading technology higher following the launch of a new chip for PCs. The broad market index advanced 0.26% to close at 7,599.96, while the Nasdaq Composite gained 0.42% to close at 27,086.81. The Dow Jones Industrial Average added 46.42 points, or 0.09%, and ended at 51,078.88. All three indexes reached new all-time intraday highs and closed at records. First Published: Jun 02 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reports indicated that Tehran suspended talks with Washington following Israeli strikes in Lebanon, though US President Donald Trump said negotiations were still continuing. Domestically, markets are factoring in about a 78% chance that the Bank of Japan will raise interest rates later this month, as inflation pressures linked to the Middle East conflict persist. Among individual stocks, Murata Manufacturing dropped 2.5%, Fujikura fell 2.2%, Furukawa Electric lost 2.3%, Mitsubishi Heavy Industries declined 3.3%, and Toyota Motor slipped 2.1%. On the other hand, SoftBank Group gained 1.1%, extending its rally after Wall Streets tech surge driven by the launch of a new PC chip. Overall, Japanese markets cooled slightly, reflecting caution over global tensions and expectations of tighter monetary policy. First Published: Jun 02 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
AI-related companies were among the top performers, with Cambricon Technologies up 5.57%, Hygon Information Technology rising 3.29%, Zhongji Innolight gaining 5.58%, Eoptolink Technology surging 9.53%, and NAURA Technology adding 2.49%. Optimism grew as China pushed to strengthen its role in AI development, while several robotics firms prepared for initial public offerings. On the global front, uncertainty lingered as conflicting remarks from US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu about talks on the Lebanon conflict highlighted ongoing geopolitical risks. The situation, now in its fourth month, continues to weigh on investor sentiment. Overall, Chinese markets showed resilience, with technology stocks driving the recovery despite broader concerns over global tensions. First Published: Jun 02 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Infosys rallied 5.61% to Rs 1,270.20 after the company and Germany's Handelsblatt Media Group, launched Editorial Link Intelligence (ELI) to elevate digital journalism by delivering enhanced storytelling and driving deeper reader engagement. Developed by Wongdoody, Infosys human experience agency, the solution analyses article content and metadata to intelligently recommend internal links that enhance narrative depth and reader navigation. Seamlessly integrated into Handelsblatt and WirtschaftsWoche content infrastructure, ELI enables editors to enrich stories without interrupting their workflow - freeing time for qualitative reporting, research, and analysis. For readers, the platform aims to create a more engaging and intuitive content journey, while publishers are expected to benefit from higher reader engagement, increased time spent on digital platforms, and stronger audience retention in an increasingly competitive media landscape. Christian Herp, chief product officer, Handelsblatt Media Group, said, Editorial Link Intelligence we developed together with Infosys creates direct value for our editorial teams through the targeted use of AI. By integrating the tool into our content management system, it supports journalists in identifying and linking relevant content. In this way, we are sustainably enhancing the user experience and increasing customer satisfaction. Charlotte Morr Member of the Editorial Board, Handelsblatt, said, Editorial Link Intelligence helps us provide readers with more context and relevant related content on a given topic, giving them better guidance and orientation. What is equally important to us, however, is that the final review and editorial control of this content remain firmly with our newsroom colleagues. In this way, the solution strengthens the quality of the digital user experience while giving our teams more time for research, analysis, and exclusive stories. Infosys is a global leader in next-generation digital services and consulting. The company reported a 27.75% increase in consolidated net profit to Rs 8,501 crore on a 2.02% rise in revenue from operations to Rs 46,402 crore in Q4 FY26 compared with Q3 FY26. First Published: Jun 02 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 22.45% to Rs 0.38 crore For the full year,net loss reported to Rs 0.27 crore in the year ended March 2026 as against net profit of Rs 0.74 crore during the previous year ended March 2025. Sales declined 52.85% to Rs 1.24 crore in the year ended March 2026 as against Rs 2.63 crore during the previous year ended March 2025. First Published: Jun 02 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Intellect Design Arena jumped 2.63% to Rs 746.75 after the company launched AI Digital Banking platform tailored for challenger banks and digital-native financial institutions across the UK and Europe. The platform incorporates 28 critical capabilities across seven key areasengagement, business, operations, risk and compliance, knowledge, intelligence, and technology. Advanced features such as the Natural Language Navigator, Autonomous Processing, Dynamic Product Bundling, and a Zero-Error Mandate empower AI-native digital banks to operate autonomously and at scale. Furthermore, the platform is designed for trust by design, adhering to UK & European regulations, including the EU AI Act, GDPR, DORA, PSD3, UK Open Banking Standards and the UK FCA Consumer Duty. The company expects the platform to deliver measurable business benefits, including up to a 20% reduction in cost-to-income ratio through greater operational efficiency, up to three times higher revenue per customer through AI-driven personalization, and return on equity in the range of 22% to 28% for AI-native digital banks. The company also said the platform's built-in governance, security, and auditability features could help reduce compliance-related costs by as much as 60%, while supporting innovation within evolving regulatory frameworks. Rajesh Saxena, CEO, Intellect Consumer Banking, said, "The launch of our AI Digital Banking platform marks a pivotal shift from traditional banking to truly cognitive, autonomous banking. By embedding AI natively into seven core design dimensionsfrom dark data hyper-personalization to predictive pre-emption and ecosystem-embedded financewe are giving new Challenger Banks the ultimate technological foundation to scale exponentially. This is the foundation a Challenger Bank needs to be an AI-native digital bank from day one, not AI-retrofitted years later. The platform transforms real-time customer intent into compounding business growth." Intellect Design Arena has a comprehensive portfolio of products across global consumer banking, central banking, risk & treasury management, global transaction banking, and insurance and is engaged in the business of software development. The companys consolidated net profit declined 11.15% to Rs 120.22 crore despite a 16.68% jump in revenue from operations to Rs 847.01 crore in Q4 FY26 over Q4 FY25. First Published: Jun 02 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wockhardt Ltd, NHPC Ltd, Force Motors Ltd and RHI Magnesita India Ltd are among the other losers in the BSE's 'A' group today, 02 June 2026. Wockhardt Ltd, NHPC Ltd, Force Motors Ltd and RHI Magnesita India Ltd are among the other losers in the BSE's 'A' group today, 02 June 2026. Supriya Lifescience Ltd tumbled 11.75% to Rs 925.2 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 96673 shares were traded on the counter so far as against the average daily volumes of 38616 shares in the past one month. Wockhardt Ltd lost 8.45% to Rs 1970. The stock was the second biggest loser in 'A' group.On the BSE, 2.19 lakh shares were traded on the counter so far as against the average daily volumes of 3.03 lakh shares in the past one month. NHPC Ltd crashed 6.10% to Rs 72.48. The stock was the third biggest loser in 'A' group.On the BSE, 44.52 lakh shares were traded on the counter so far as against the average daily volumes of 7.48 lakh shares in the past one month. Force Motors Ltd fell 6.05% to Rs 17771.4. The stock was the fourth biggest loser in 'A' group.On the BSE, 23039 shares were traded on the counter so far as against the average daily volumes of 7960 shares in the past one month. RHI Magnesita India Ltd slipped 5.89% to Rs 343.7. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.07 lakh shares were traded on the counter so far as against the average daily volumes of 22806 shares in the past one month. First Published: Jun 02 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IndiQube Spaces said that it has signed a Rs 52-crore managed workspace deal with a leading consulting and management services company for a five-year tenure in Yelahanka, North Bengaluru. The transaction covers more than 700 seats and marks another significant enterprise mandate for the company in one of Bengaluru's emerging commercial corridors. The company said the deal highlights the growing demand from consulting, professional services and knowledge-led enterprises for flexible workspaces that support faster team deployment, business continuity and enhanced employee experience. IndiQube noted that North Bengaluru is increasingly emerging as a preferred office destination as infrastructure development and commercial activity expand beyond the city's traditional business districts. Companies are evaluating the region for its access to residential catchments, talent availability and relatively lower congestion compared with more established micro-markets. The deal further strengthens IndiQube's presence in Bengaluru and underscores the rising adoption of managed workspace solutions among large enterprises seeking operational flexibility and scalable office infrastructure. Rishi Das, Co-founder & CEO, says This mandate reflects how workplace decision making is evolving among large enterprises in consulting and adjacent knowledge sectors. Companies are looking beyond conventional office delivery models and are prioritising speed, reliability, employee experience, and the ability to scale with lower operational friction. This transaction had also reinforced our view that managed workspaces are becoming a strategic outsourcing solution for enterprises for their holistic workspace requirements. Meghna Agarwal, Co-founder, added, What stood out in this deal was how clearly the clients workplace requirements were centred on both experience and performance. The space had been designed with wellness rooms, collaborative zones, phone booths, focus rooms, and strong IT and server infrastructure, creating an environment that could support different workstyles while ensuring operational reliability. This transaction had demonstrated the value of a full stack workspace platform that could bring together design, operations, hospitality, and technology capable of supporting long term business needs. IndiQube is one of Indias fastest-growing workspace platforms, offering managed office solutions tailored to startups, Global Capability Centers (GCCs), and large enterprises. IndiQube, with a presence in 17 cities and over 9.66 million sq. ft. under management (as on Mar26), combines workspace design, technology, and hospitality led operations to deliver scalable, future ready, and experience led work environments. The company reported consolidated net loss of Rs 22.65 crore in Q4 FY26 as against net loss of Rs 31.33 crore in Q4 FY25. Net sales rose 35.2% year on year to Rs 401.45 crore in Q4 FY26. The scrip shed 0.72% to Rs 157.95 on the BSE. First Published: Jun 02 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Man Industries India (MIIL) added 2.08% to Rs 497.60 after the company said that Crisil Ratings has upgraded its rating on the long-term bank loan facilities of the company to 'Crisil A+/Stable' from 'Crisil A/Stable'. The agency has reaffirmed the companys short-term rating at 'Crisil A1'. Crisil Ratings stated that the upgrade reflects a significant improvement in MIIL's business risk profile following the strategic acquisition of National Pipe Company (NPC), Saudi Arabia, which was completed on 21 May 2026. This acquisition is expected to significantly improve MIIL's scale of operations by over 50-60% and operating profit before depreciation, interest, and tax (OPBDIT) margins to around 14-15% (12.3% in fiscal 2026). It will also enhance geographic diversification and add 430,000 metric tonnes (MT) of LSAW/HSAW capacity in Saudi Arabia. NPC is expected to be revenue and earnings accretive from day one, given its fully operational status. The acquisition will also provide MIIL with an immediate entry into the growing Saudi Arabian market. The upgrade also factors in the improvement in MIILs operating performance, supported by OPBDIT margins improving to 12.3% in fiscal 2026, from 8-10% in the past, driven by better product mix focused on exports and value-added products. The NPC acquisition, valued at Rs 1,000 crores (USD 102 million), was funded through a mix of debt (USD 70 million) and equity (USD 32 million). Despite the incremental debt, MIIL's financial risk profile is expected to remain comfortable. Liquidity is expected to remain strong, with net cash accruals of over Rs 450 crores against repayment obligations of Rs 240-250 crore. The ratings continue to reflect MIIL's established market position in the submerged arc welding (SAW) pipes industry, along with a healthy financial risk profile. These strengths are partially offset by the integration risks associated with the NPC acquisition, the working capital-intensive nature of operations, and the company's susceptibility to cyclicality in end-user industries, along with volatility in raw material prices and foreign exchange (forex) rates. Man Industries India (MIIL) is one of the largest SAW pipe players in India with combined capacity of 11.75 lakh tonne per annum, distributed equally between helically submerged arc welded (HSAW) and longitudinal submerged arc welded (LSAW) and electric resistance welded (ERW). First Published: Jun 02 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 2:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 2:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Magellanic Cloud added 1.01% to Rs 25.99 after its wholly owned subsidiary, Provigil Surveillance, has received a letter of acceptance (LoA) from East Coast Railway's Sambalpur Division for a surveillance infrastructure project worth Rs 9.72 crore. The contract involves deployment of CCTV surveillance systems at 91 manned non-interlocked level crossing gates across the Sambalpur Division to strengthen monitoring, safety and security of railway assets. With this latest order, Magellanic Cloud's cumulative railway order book has crossed Rs 250 crore, reinforcing its position in the railway surveillance and infrastructure segment. The company said the project further strengthens its execution track record in supporting Indian Railways' modernization and safety enhancement initiatives. It added that increasing investments in digital infrastructure, surveillance and asset protection by public sector undertakings and government agencies continue to provide long-term growth opportunities. Magellanic Cloud clarified that none of its promoters, promoter group entities or group companies have any interest in the awarding authority. The company also stated that the contract does not constitute a related-party transaction. Magellanic Cloud specializes in offering services pertaining to software development, digital transformation, generative artificial intelligence (GenAI), the internet of things (IoT), e-surveillance, and advanced drone-based applications. The company's consolidated net profit jumped 32.1% to Rs 29.49 crore on a 31.5% increase in revenue to Rs 205.55 crore in Q4 FY26 over Q4 FY25. First Published: Jun 02 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coforge jumped 4.24% to Rs 1,523 after the IT services company announced the launch of its Nexa Agentic AI Platform, a new artificial intelligence-powered business platform aimed at the global insurance industry. The company said the platform is designed to help insurers accelerate AI adoption and improve operational efficiency without replacing their existing core systems. Instead, the platform overlays AI orchestration capabilities on current insurance technology infrastructure. According to Coforge, the Nexa Agentic AI Platform is built on its Coforge One AI platform and includes a marketplace of more than 30 insurance-focused AI assets spanning underwriting, claims processing, product development, customer service and platform modernization. The platform features six flagship AI orchestrators covering key insurance functions, including submission processing, state rollout management, product launches, global market expansion, core platform modernization and claims triaging. The company said these capabilities are intended to improve efficiency, reduce costs and accelerate time-to-market for insurers. Rajeev Batra, executive vice president and global practice head of insurance at Coforge, said the platform combines the company's AI engineering capabilities with its insurance domain expertise to help clients scale AI adoption and address industry-specific challenges. Coforge said the platform will form a key part of its insurance business strategy and is aimed at insurers across property and casualty, life and annuities, specialty insurance, managing general agents and intermediaries. Coforge is an AI-native engineering services company that provides technology and digital transformation solutions across multiple industries. The company reported a 144.72% surge in consolidated net profit to Rs 612.3 crore on 5.17% jump in revenue from operations to Rs 4450.4 crore in Q4 FY26 over Q3 FY26. On a year on year (YoY) basis, the companys consolidated net profit zoomed 134.42% while revenue from operations increased 5.17% in Q4 FY26. First Published: Jun 02 2026 | 2:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The agency has also affirmed the companys short-term rating at IND A1. The proceeds were utilised to largely repay its debt, leading to a reduction in its interest burden and an improvement in the coverage indicators. Kross has been investing to increase its existing capacities and develop new products, which is expected to benefit its top line FY27 onwards, and remains a key monitorable. Kross is engaged in the manufacturing of automobile parts (such as axle shafts, coupling flanges, and tractor parts) for commercial vehicles and tractors. It has five integrated manufacturing plants, including a forging unit in Jamshedpur. The scrip rose 0.68% to currently trade at Rs 191.20 on the BSE. First Published: Jun 02 2026 | 2:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Piramal Pharma Ltd is quoting at Rs 165.7, down 3.04% on the day as on 13:19 IST on the NSE. The stock jumped 2.13% in last one year as compared to a 4.38% slide in NIFTY and a 11.99% spurt in the Nifty Pharma index. Piramal Pharma Ltd fell for a fifth straight session today. The stock is quoting at Rs 165.7, down 3.04% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.36% on the day, quoting at 23467.1. The Sensex is at 74624.13, up 0.48%.Piramal Pharma Ltd has gained around 3.37% in last one month.Meanwhile, Nifty Pharma index of which Piramal Pharma Ltd is a constituent, has increased around 1.87% in last one month and is currently quoting at 24214.25, down 1.23% on the day. The volume in the stock stood at 15.47 lakh shares today, compared to the daily average of 61.33 lakh shares in last one month. The PE of the stock is 29.36 based on TTM earnings ending March 26. First Published: Jun 02 2026 | 2:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dr Reddys Laboratories Ltd is quoting at Rs 1274.9, down 1.2% on the day as on 13:19 IST on the NSE. The stock jumped 2.13% in last one year as compared to a 4.38% slide in NIFTY and a 11.99% spurt in the Nifty Pharma index. Dr Reddys Laboratories Ltd is down for a fifth straight session today. The stock is quoting at Rs 1274.9, down 1.2% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.36% on the day, quoting at 23467.1. The Sensex is at 74624.13, up 0.48%.Dr Reddys Laboratories Ltd has lost around 0.96% in last one month.Meanwhile, Nifty Pharma index of which Dr Reddys Laboratories Ltd is a constituent, has increased around 1.87% in last one month and is currently quoting at 24214.25, down 1.23% on the day. The volume in the stock stood at 12.03 lakh shares today, compared to the daily average of 26.7 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1284, down 0.89% on the day. Dr Reddys Laboratories Ltd jumped 2.13% in last one year as compared to a 4.38% slide in NIFTY and a 11.99% spurt in the Nifty Pharma index. The PE of the stock is 33.42 based on TTM earnings ending March 26. First Published: Jun 02 2026 | 2:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
APL Apollo Tubes Ltd is quoting at Rs 1751.6, down 2.05% on the day as on 13:19 IST on the NSE. The stock tumbled 3.53% in last one year as compared to a 4.38% slide in NIFTY and a 48.51% spurt in the Nifty Metal index. APL Apollo Tubes Ltd is down for a fifth straight session today. The stock is quoting at Rs 1751.6, down 2.05% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.36% on the day, quoting at 23467.1. The Sensex is at 74624.13, up 0.48%.APL Apollo Tubes Ltd has lost around 6.48% in last one month.Meanwhile, Nifty Metal index of which APL Apollo Tubes Ltd is a constituent, has increased around 4.43% in last one month and is currently quoting at 13506.55, up 0.3% on the day. The volume in the stock stood at 10.21 lakh shares today, compared to the daily average of 8.24 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1769.6, down 1.89% on the day. APL Apollo Tubes Ltd tumbled 3.53% in last one year as compared to a 4.38% slide in NIFTY and a 48.51% spurt in the Nifty Metal index. The PE of the stock is 90.84 based on TTM earnings ending March 26. First Published: Jun 02 2026 | 2:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Emami Ltd is quoting at Rs 392.55, down 1.27% on the day as on 13:19 IST on the NSE. The stock tumbled 34.27% in last one year as compared to a 4.38% slide in NIFTY and a 12.78% fall in the Nifty FMCG index. Emami Ltd fell for a fifth straight session today. The stock is quoting at Rs 392.55, down 1.27% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.36% on the day, quoting at 23467.1. The Sensex is at 74624.13, up 0.48%.Emami Ltd has eased around 13.92% in last one month.Meanwhile, Nifty FMCG index of which Emami Ltd is a constituent, has eased around 5.65% in last one month and is currently quoting at 48247.7, up 0.26% on the day. The volume in the stock stood at 1.65 lakh shares today, compared to the daily average of 4.79 lakh shares in last one month. The PE of the stock is 20.42 based on TTM earnings ending March 26. First Published: Jun 02 2026 | 2:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 1:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE Managing Director and CEO Sundararaman Ramamurthy said the exchange pioneered the SME platform to give dynamic, job-creating businesses a direct route to capital markets E-commerce platform Meesho has partnered with the BSE to launch a new initiative aimed at helping micro, small and medium enterprises (MSMEs) and digital businesses transition into publicly-listed companies. The initiative, named 'Project Shikhar', was formalised through a Memorandum of Understanding (MoU) and aims to facilitate the listing of high-performing independent e-commerce sellers on the BSE SME platform, addressing their need for growth capital. BSE Managing Director and CEO Sundararaman Ramamurthy said the exchange pioneered the SME platform to give dynamic, job-creating businesses a direct route to capital markets. "Over the years, the BSE SME platform has enabled hundreds of MSMEs to list, raise growth capital and strengthen governance standards. This partnership with Meesho extends that ecosystem to digital-first entrepreneurs, helping e-commerce sellers become public companies," Ramamurthy said. A substantial segment of India's retail commerce operates in the informal or unorganised sectors, frequently facing barriers to accessing traditional expansion capital. Project Shikhar will bridge this gap by creating a clear, stage-by-stage roadmap to public listing, Meesho said in a statement. Over the next year, the programme will screen and onboard eligible sellers, guiding them through entity conversion, compliance tracking, and regulatory positioning required for a public listing on the BSE SME platform. Lopamudra Rao, Head of Corporate Affairs at Meesho, noted that a significant share of the platform's seller ecosystem comprises entrepreneurial businesses that have scaled rapidly, but transitioning into an investor-ready entity remains complex. "Project Shikhar removes that friction. Through this partnership with BSE, we are not just helping sellers raise public capital; we are building a pipeline of compliant, transparent businesses that will fuel India's formal economy," Rao Added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 02 2026 | 1:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 02 2026 | 1:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Authum Investment & Infrastructure fell 1.35% to Rs 452.10 after the company announced the resignation of Amit Kumar Jha as chief financial officer (CFO), effective from the close of business hours on 1 June 2026. The companys consolidated net profit tumbled 96.6% to Rs 59.75 crore on a 76.5% drop in total income to Rs 343.05 crore in Q4 FY26 over Q4 FY25. First Published: Jun 02 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Paras Defence and Space Technologies added 2.77% after it has received an order from Bharat Electronics (BEL) for the supply of electro-optics systems valued at approximately Rs 52.82 crore. The domestic contract is to be executed on or before September 2027, the company said. The order does not involve any related party transaction, and neither the promoter nor promoter group entities have any interest in the awarding entity, it added. Paras Defence and Space Technologies is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - defence & space optics, defence electronics, heavy engineering, and electromagnetic pulse protection solutions. Bharat Electronics (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures electronic products and systems for the army, navy, and air force. Shares of Bharat Electronics shed 0.25% to Rs 406.20 on the BSE. First Published: Jun 02 2026 | 1:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pension ULIP sales grew nearly 10-fold in FY26 from the previous year, data from Policybazaar showed, indicating how investors are preparing for retirement. First Published: Jun 02 2026 | 1:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 11:30 IST, the barometer index, the S&P BSE Sensex, slipped 265.04 points or 0.36% to 74,000.21. The Nifty 50 index lost 104.65 points or 0.45% to 23,277.95. In the broader market, the BSE 150 MidCap Index fell 0.75% and the BSE 250 SmallCap Index shed 0.65%. The market breadth was negative. On the BSE, 1,689 shares rose and 2,276 shares fell. A total of 185 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.71% to 15.93. The Nifty 30 June 2026 futures were trading at 23,370.10, at a premium of 92.15 points as compared with the spot at 23,277.95. The Nifty option chain for the 30 June 2026 expiry showed a maximum call OI of 76.1 lakh contracts at the 24,000 strike price. A maximum put OI of 57.2 lakh contracts was seen at the 24,000 strike price. Buzzing Index: The Nifty Media index fell 1% to 1,413.30. The index jumped 1.37% in the past trading session. Saregama India (down 2.84%), Zee Entertainment Enterprises (down 2.19%), Hathway Cable & Datacom (down 1.14%), Sun TV Network (down 0.61%), Network 18 Media & Investments (down 0.6%), Nazara Technologies (down 0.4%), and PVR Inox (down 0.13%) fell. On the other hand, Tips Music (up 1.27%), Prime Focus (up 1.14%) and D B Corp (up 0.91%) edged higher. Stocks in Spotlight: Acme Solar Holding jumped 7.53% after the companys board approved the opening of the issue of qualified institutional placement (QIP) of equity shares with a floor price of Rs 294.13 per share Dee Development Engineers hit an upper circuit of 5% after the company said it had secured contracts worth Rs 206.55 crore from a Maharatna public sector EPC conglomerate in the power sector. First Published: Jun 02 2026 | 12:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ola Electric Mobility fell 1.34% to Rs 39 after the electric vehicle maker announced the launch of a qualified institutions placement (QIP) to raise funds from institutional investors. The committee also approved a floor price of Rs 37.74 per equity share for the issue. The floor price is at 3.23% to the ruling market price and it is at a discount of 4.53% to the previous session's closing price of Rs 39.53. Ola Electric said it may offer a discount of up to 5% on the floor price, subject to regulatory provisions and shareholder approval obtained in November 2025. The final issue price will be determined by the company in consultation with the book-running lead managers. The company has fixed 1 June 2026 as the relevant date for determining the floor price of the QIP. The fundraising exercise follows approvals granted by the company's board in October 2025 and by shareholders through a special resolution passed in November 2025. Ola Electric Mobility is India's leading electric vehicle (EV) manufacturer. It specialises in the vertical integration of technology and manufacturing for EVs and their components, including battery cells. The company posted a consolidated net loss of Rs 500 crore in Q4 FY26 compared with a net loss of Rs 870 crore in Q4 FY25 and Rs 487 crore in Q3 FY26. Revenue from operations declined 56.6% YoY and 43.6% QoQ to Rs 265 crore in the March 2026 quarter. Ola Electric announced sustained growth momentum in May 2026, with registrations rising to 15,139 units, up from 12,323 units in April, according to VAHAN data. It represents a 23% MoM increase, building on the recovery momentum seen in the months of March and April 2026. First Published: Jun 02 2026 | 12:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Suryoday Small Finance Bank (SFB) added 2.73% to Rs 167.45 after the bank announced that its board is scheduled to meet on Thursday, 25 June 2026 to consider raising funds through mix of equity and debt instruments. In addition, the board will consider raising funds through debt instruments, including bonds, non-convertible debentures (NCDs), and other debt securities. Suryoday Small Finance Bank is a scheduled commercial bank. It commenced operations as an NBFC over a decade ago, with a clear focus on serving customers in the unbanked and underbanked segments and promoting financial inclusion. The bank reported standalone net profit of Rs 49.72 crore in Q4 FY26 compared with net loss of Rs 33.78 crore in Q4 FY25. Total income increased 30.83% YoY to Rs 691.89 crore in Q4 FY26. First Published: Jun 02 2026 | 12:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Thacker & Company Ltd, HLE Glascoat Ltd, SKM Egg Products Export (India) Ltd and HCL Infosystems Ltd are among the other gainers in the BSE's 'B' group today, 02 June 2026. Thacker & Company Ltd, HLE Glascoat Ltd, SKM Egg Products Export (India) Ltd and HCL Infosystems Ltd are among the other gainers in the BSE's 'B' group today, 02 June 2026. Jeena Sikho Lifecare Ltd surged 16.35% to Rs 573.1 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 11.14 lakh shares were traded on the counter so far as against the average daily volumes of 46082 shares in the past one month. Thacker & Company Ltd soared 15.21% to Rs 1440.1. The stock was the second biggest gainer in 'B' group. On the BSE, 347 shares were traded on the counter so far as against the average daily volumes of 23 shares in the past one month. HLE Glascoat Ltd spiked 13.27% to Rs 362. The stock was the third biggest gainer in 'B' group. On the BSE, 51173 shares were traded on the counter so far as against the average daily volumes of 8835 shares in the past one month. SKM Egg Products Export (India) Ltd jumped 13.04% to Rs 233.15. The stock was the fourth biggest gainer in 'B' group. On the BSE, 3.72 lakh shares were traded on the counter so far as against the average daily volumes of 74654 shares in the past one month. HCL Infosystems Ltd advanced 12.45% to Rs 13.64. The stock was the fifth biggest gainer in 'B' group. On the BSE, 2.58 lakh shares were traded on the counter so far as against the average daily volumes of 58502 shares in the past one month. First Published: Jun 02 2026 | 12:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dee Development Engineers stock hit the 5% upper circuit on BSE on Tuesday. First Published: Jun 02 2026 | 12:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 12:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 12:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ola Electric shares drop 4% as company launches QIP First Published: Jun 02 2026 | 12:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NMDC share price: Analysts bullish on outlook but caution that stretched valuations may limit upside in stock First Published: Jun 02 2026 | 12:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 11:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Atul Auto reported total vehicle sales of 3,236 units in May 2026, which is higher by 29.3% as compared with sales figure of 2,502 units recorded in May 2025. Domestic volumes increased 20.8% YoY to 2,847 units in May 2026. Within this, ICE three-wheeler sales rose 31.1% YoY to 2,351 units, while EV sales declined 12.1% YoY to 496 units. Including exports, total ICE vehicle sales rose by 41.4% YoY to 2,740 units in May 2026, partially offsetting the 12.1% YoY decline in EV sales volume that added up to 496 units. Atul Auto is a leading three-wheeler manufacturing company in Rajkot, Gujarat, India. It has a complete range of 3-wheeler products across the fuel range: diesel, petrol, CNG, LPG, and electric. The company had reported a 106.85% year-on-year jump in consolidated net profit to Rs 14.79 crore for the fourth quarter ended 31 March 2026, compared with Rs 7.15 crore posted in the corresponding quarter last year. Total revenue from operations grew by 14.02% year-on-year (YoY) to Rs 240.58 crore in the quarter ended 31 March 2026. The scrip fell 1.40% to currently trade at Rs 472.20 on the BSE. First Published: Jun 02 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Government of India's offer for sale (OFS) attracted robust investor interest, leading to the full exercise of the oversubscription option. The issue opened for non-retail investors on 27 May 2026 at a floor price of Rs 412 per share. Investor response was strong. On the first day reserved for non-retail investors, bids were received for 45.17 crore shares against the total non-retail offer size of 11.09 crore shares, resulting in a subscription of 407.17%. Bids backed by 100% margin accounted for 14.30 crore shares, while bids without upfront margin stood at 30.87 crore shares. The indicative price discovered during the non-retail bidding process was Rs 448.41 per share, while the clearing price was fixed at Rs 447.10 per share. On the second day, which was open to retail investors and non-retail investors carrying forward their bids, the retail portion attracted bids for 1.61 crore shares against the total retail offer size of 1.23 crore shares, translating into a subscription of 130.29%. The non-retail carry-forward portion received bids for 24.82 lakh shares, representing 2.01% of the total OFS size of 12.32 crore shares. Overall, bids for 1.85 crore shares were received on the second day, amounting to 15.04% of the total OFS size. The government also offered up to 25,000 shares to eligible employees of Coal India, subject to necessary approvals. Employees could apply for shares worth up to Rs 5 lakh. The successful completion of the OFS is expected to reduce the Government of India's stake in Coal India from 63.13% as of March 2026. Coal India is India's largest coal producer and a Maharatna public sector undertaking. The company primarily engages in coal mining and production and supplies coal to power, steel, cement, fertilizer and other industrial sectors. For the quarter ended March 2026, Coal India reported a 12.9% increase in consolidated net profit to Rs 10,839.18 crore, while revenue from operations rose 5.75% to Rs 46,490.03 crore compared with the corresponding quarter of the previous year. Currently, shares of Coal India were down 0.35% at Rs 470.85 on the BSE. First Published: Jun 02 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 02 2026 | 11:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Protean eGov Technologies rose 2.02% to Rs 612.55 after announcing the commencement of tenure of Ajay Rajan as its managing director and chief executive officer (MD & CEO) effective June 1, 2026. Following the appointment, V Easwaran, who was serving as Interim CEO along with his role as whole-time director (WTD) and chief operating officer (COO), has ceased to be the interim CEO from the same date. He will continue in his role as WTD and COO of the company. Protean eGov Technologies has been at the forefront of building citizen-scale digital public infrastructure across taxation, social security and identity services. Aligned with Indias open digital infrastructure framework, the company contributes to multisectoral open digital ecosystems spanning e-commerce, transport and mobility, agriculture, insurance, education and skilling, and healthcare. The company reported revenue from operations of Rs 308 crore in Q4 FY26, up 38% YoY and 34% QoQ. Total income rose 35% YoY and 33% QoQ to Rs 323 crore in the March 2026 quarter. First Published: Jun 02 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ACME Solar Holdings share price hit a new all-time high in Tuesday's trade. First Published: Jun 02 2026 | 11:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hero MotoCorp reported dispatches of 570,068 units in May 2026, registering a 12.28% year-on-year (YoY) increase compared with 507,701 units in May 2025. Motorcycle sales came in at 503,763 units, rising 6.02% YoY, while scooter sales surged 103.78% YoY to 66,305 units in May 2026. Hero MotoCorp said demand was driven by its 125cc motorcycle portfolio and premium motorcycles and scooters, all of which posted double-digit growth during the month. The company also launched the updated Super Splendor XTEC 2.0, strengthening its presence in the 125cc segment. Its electric mobility brand VIDA continued to gain traction, recording 19,052 retail registrations during May, up 166% from the corresponding period last year. During the month, the company also commenced retail operations of the DIRT.E K3 electric scooter in select markets as it seeks to broaden its EV portfolio and expand access to new customer segments. Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters, with a global footprint spanning 48 countries across Asia, Africa, and Latin America. It has collaborations with Harley-Davidson and Zero Motorcycles and strategic investments in Ather Energy and Euler Motors. The company reported a 29.62% rise in standalone net profit to Rs 1,401.13 crore on a 28.75% increase in revenue from operations from Rs 12,796.53 crore in Q4 FY26 over Q4 FY25. The scrip shed 0.44% to currently trade at Rs 4,800 on the BSE. First Published: Jun 02 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
UTI Asset Management Company Ltd witnessed volume of 5.66 lakh shares by 10:46 IST on BSE, a 40.52 times surge over two-week average daily volume of 13965 shares Mahanagar Gas Ltd, Zensar Technologies Ltd, Bajaj Finance Ltd, Sonata Software Ltd are among the other stocks to see a surge in volumes on BSE today, 02 June 2026. UTI Asset Management Company Ltd witnessed volume of 5.66 lakh shares by 10:46 IST on BSE, a 40.52 times surge over two-week average daily volume of 13965 shares. The stock increased 0.47% to Rs.934.75. Volumes stood at 62036 shares in the last session. Mahanagar Gas Ltd saw volume of 1.69 lakh shares by 10:46 IST on BSE, a 15.95 fold spurt over two-week average daily volume of 10616 shares. The stock increased 0.86% to Rs.1,083.25. Volumes stood at 16722 shares in the last session. Zensar Technologies Ltd recorded volume of 3.41 lakh shares by 10:46 IST on BSE, a 15.25 times surge over two-week average daily volume of 22388 shares. The stock gained 5.92% to Rs.523.30. Volumes stood at 30024 shares in the last session. Bajaj Finance Ltd witnessed volume of 48.8 lakh shares by 10:46 IST on BSE, a 12.26 times surge over two-week average daily volume of 3.98 lakh shares. The stock dropped 1.92% to Rs.871.85. Volumes stood at 2.93 lakh shares in the last session. Sonata Software Ltd saw volume of 3.36 lakh shares by 10:46 IST on BSE, a 11.48 fold spurt over two-week average daily volume of 29260 shares. The stock increased 7.15% to Rs.285.50. Volumes stood at 35427 shares in the last session. First Published: Jun 02 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 11:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Acme Solar Holding jumped 6.22% to Rs 326 after the company's board approved the opening of the issue of qualified institutional placement (QIP) of equity shares with a floor price of Rs 294.13 per share The floor price of Rs 294.13 is at a discount of 4.16% to the scrips previous closing price of Rs 306.90 on the BSE. The company may offer a discount of up to 5% on the floor price determined for the issue at its discretion. In a separate development, the company through its wholly owned subsidiary, ACME Sun Power, has commissioned 33.333 MW/160.512 MWh capacity of Battery Energy Storage System (BESS) project located at Village: Badi Sid, Rajasthan, on June 01, 2026. The commercial operation date (COD) for the project has been fixed as June 03, 2026. Following the latest commissioning ACME Sun Power has achieved a commissioned capacity of 266.669 MW / 1283.936 MWh. ACME Solar Holdings is an integrated renewable energy company with a diversified portfolio across solar, wind, storage, hybrid and firm and dispatchable renewable energy (FDRE) projects. Backed by in-house EPC and O&M capabilities, the company executes projects end-to-end, enabling timely delivery, cost efficiency and strong operating performance. The companys consolidated net profit jumped 12.93% to Rs 139.31 crore in Q4 FY26, compared with Rs 123.36 crore in Q4 FY25. Revenue from operations increased 12.52% YoY to Rs 547.85 crore in Q4 FY26. The counter hit all-time high at Rs 333.50 in intraday today. First Published: Jun 02 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dee Development Engineers added 2.47% to Rs 640 after the company said that it has secured contracts aggregating to Rs 206.55 crore from a public sector Maharatna EPC conglomerate of power sector. The company has received a Letter of Intent (LOI) for the manufacture and supply of critical piping assemblies, specifically for the main steam package and hot reheat systems. The project timeline stipulates the delivery of the first two units within 6 to 12 months of receiving the purchase order (PO), with the remaining two units to be delivered within 12 to 15 months post-PO. DEE Development Engineers (DDEL) is an engineering company providing specialized process piping solutions for industries such as oil and gas, power industries, process industries, and chemicals through engineering, procurement, and manufacturing services. The company had reported a 11.11% year-on-year drop in consolidated net profit to Rs 28.01 crore, despite a 26.26% rise in revenue from operations to Rs 361.57 crore in Q4 FY26 over Q4 FY25. First Published: Jun 02 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 92.05% to Rs 0.07 crore For the full year,net loss reported to Rs 21.18 crore in the year ended March 2026 as against net loss of Rs 56.71 crore during the previous year ended March 2025. Sales declined 97.10% to Rs 2.79 crore in the year ended March 2026 as against Rs 96.23 crore during the previous year ended March 2025. First Published: Jun 02 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 8:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 8:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to buy today: LT Foods, Torrent Power, Persistent Systems First Published: Jun 02 2026 | 8:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Monarch Surveyors and Engineering Consultants has received a work order worth Rs 2.02 crore from Southern Railway. The project is to be completed within 10 months from the date of issue of the Letter of Acceptance. The contract has been awarded by a domestic entity and is not a related-party transaction. Monarch Surveyors provides end-to-end consultancy services for infrastructure projects, including survey, design, and technical supervision for roads, railways, metros, town planning, geospatial mapping, land acquisition, water, transmission lines, pipelines, and other civil engineering sectors. The company reported a 16.1% rise in standalone net profit to Rs 34.83 crore, on a 10.5% increase in revenue to Rs 154.14 crore in FY25 compared with FY24. Shares of Monarch Surveyors and Engineering Consultants jumped 5% to close at Rs 221.60 on the BSE. First Published: Jun 02 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 8:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rishabh Gupta, head of Amazon Music India This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected open sharply lower due to negative global cues amid concern over the US-Iran peace negotiations. First Published: Jun 02 2026 | 7:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 7:43 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 7:43 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian stocks made a cautious start to trading on Tuesday as uncertainty over whether the ceasefire in the West Asia conflict capped the lift to sentiment from renewed optimism around AI. MSCI's broadest index of Asia-Pacific shares outside Japan fluctuated between gains and losses as trading commenced, last 0.5 per cent lower, led by ?a 2 per cent decline for Korean shares after an initially higher open. S&P 500 e-mini futures were down 0.3 per cent, while in Japan, the Nikkei 225 slumped 0.7 per cent. "Conflicting news coming out of the Middle East left markets whipsawing, with Iran stating that negotiations with the US have been suspended, only for President Trump to follow up in recent hours with reassurances that talks are continuing 'at a rapid pace'," analysts from Westpac wrote in a research note. Brent crude held steady around $95 a barrel after Lebanon announced a partial ceasefire between Hezbollah and Israel on Monday, which could clear the path for renewed efforts to end the three-month war between the United States and Iran. Oil prices settled up ?more than 4 per cent on Monday after reports that Tehran had halted indirect negotiations with the US. Overnight, the S&P 500 closed 0.3 per cent higher after ISM's manufacturing PMI rose to 54.0 in May from 52.7 the previous month, beating expectations to reach the highest level in four years, likely driven by businesses front-loading orders amid rising prices and shortages because of the war with Iran. "That the equity market is in boom mode is not up for debate," despite higher energy prices and surging real interest rates, said David Rosenberg, founder and president at Rosenberg Research in Toronto, in a note to clients. "The S&P 500 is ?now up nine weeks in a row, a streak we last witnessed in late 2023." AI suppliers in Asia made gains after AI developer Anthropic said it had confidentially filed for a US initial public ?offering, which could draw a trillion-dollar valuation. Alphabet shares slipped 0.7 per cent after the tech giant said it is looking to ?raise $80 billion in equity offerings, including an investment from Berkshire Hathaway, in an aggressive push to fund expansion of its AI infrastructure. The US dollar index, which measures the greenback's strength against a ?basket of six currencies, held steady at 99.18, firmly within the tight range it has sat in for the past three weeks. The yield on the US 10-year Treasury bond was down 2.0 basis points ?at 4.455 per cent. Gold was down 0.1 per cent at $4,479.17. In cryptocurrencies, bitcoin was down 0.2 per cent at $71,232.83, while ether was flat at $2,002.03. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 02 2026 | 7:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices held on to most of the previous session's sharp gains in early trade on Tuesday on uncertainty over the status of ceasefire talks between the United States and Iran and the potential reopening of the Strait of Hormuz. US President Donald Trump said on Monday talks with Iran were ongoing, while Tasnim news agency reported that Tehran had suspended indirect negotiations with Washington. Brent crude futures ?inched up 6 cents, or 0.06 per cent, to $95.04 a barrel at 0001 GMT, while US West Texas Intermediate fell 17 cents, or 0.18 per cent, to $91.99 a barrel. Both benchmarks rose more than 5 per cent in the previous session but pared gains after US President Trump said he had not been told that Iran was suspending talks with Washington and that Israel had agreed to pull back any troops that were preparing to attack southern Lebanon. In a separate interview with CNBC on Monday, Trump had said he did not mind if the talks were over. Shortly after, Trump issued a social media post saying talks with Iran were continuing and told ABC News on Monday that he expects a deal to extend the ceasefire and reopen the Strait of Hormuz "over the next week", according to a post by the outlet on X. "The market ?is currently focused on whether there's any concrete progress or setbacks in US-Iran negotiations, the tone and substance of statements from both sides (particularly Iran's threats regarding the Strait of Hormuz), and actual physical tanker movements through the waterway," said Tim Waterer, chief market analyst at KCM Trade. The status of the US-Iran negotiations at any given point will ultimately determine whether the current risk premium stays embedded in oil prices or starts to unwind, Waterer added. Lebanon on Monday announced a partial ceasefire between Hezbollah and Israel, in what would amount to a limited de-escalation of a conflict that has inflamed the broader war with Iran. "With headlines continuing to fly out of the Middle East, oil prices are set to remain volatile until clearer evidence of ?progress towards a peace deal emerges," said Tony Sycamore, market analyst at IG. Iran has effectively halted nearly all non-Iranian shipping into and out of the Gulf since the war began, choking off about a fifth of global oil and liquefied natural gas ?flows and driving prices up by 50 per cent or more. US crude exports climbed to a record 5.6 million barrels per day in May ?as the West Asia crisis pushed up demand for the country's oil from Asian and European refiners, ship tracking estimates showed on Monday. According to a preliminary Reuters poll released on Monday, US crude stockpiles are expected to have fallen ?by about 3.6 million barrels in the week ended May 29, extending the prior week's draw, while distillates and gasoline inventories also are likely to have declined. Shipping executives meeting in Athens on Monday said that any peace deal worked out ?between the US and Iran would need to offer clear rules allowing vessels to resume normal business via the Strait of Hormuz. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 02 2026 | 7:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Analyst bets on TVS Motor, Star Health; check targets Trading ideas today: Recommendations by Shrikant Chouhan First Published: Jun 02 2026 | 7:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 6:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 6:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 02 2026 | 6:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ridham Desai, Managing Director & Chief Equity Strategist India, Morgan Stanley This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 02 2026 | 12:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 01 2026 | 8:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities and Exchange Board of India (Sebi) Market regulator Sebi on Monday proposed allowing InvITs to add payments made for major maintenance of road projects back into Net Distributable Cash Flow (NDCF) computation, capped at the amount funded by external debt. This mechanism should apply only to the 'Roads and Bridges' sector and requires strict unitholder approval. The proposal came after the Securities and Exchange Board of India (Sebi) received representation from the Bharat InvITs Association (BIA) regarding the treatment of debt availed by InvITs for incurring major maintenance expenses of road projects while calculating the NDCF. The industry association highlighted that although major maintenance (MM) expenses extend the road's life and enhance its quality, they cannot be capitalised under generally accepted accounting principles because they do not generate future economic benefits, such as extended concession periods or increased toll revenue. Since InvITs (infrastructure investment trusts) holding road projects cannot capitalise these MM expenses under the current NDCF framework, any MM expense incurred by availing debt is mandatorily reduced from the operational cash flow, which decreases the NDCF, the industry body added. Accordingly, in its consultation paper, Sebi proposed that "payments made for the purpose of MM expense for the Road Projects of InvITs to the extent funded by external debt will be allowed to be factored (added back) for the purpose of the NDCF computation". Regarding unitholders' nod, Sebi suggested approval from unitholders shall be required where votes cast in favour of the resolution should be at least 60 per cent of total votes cast, before adding back payments made for major maintenance expenses for road projects to the extent funded by external borrowing. Approval can be obtained on a one-time basis covering the entire project life cycle or for specific MM expenses, but any deviation requiring additional debt necessitates prior unitholder approval. When seeking unitholder approval, the explanatory statement accompanying the notice for the unitholding meeting should disclose the names and details of the projects/SPVs (Special Purpose Vehicles)/ Holdcos (Holding companies) for which the MM debt is proposed or has already been raised, Sebi suggested. Other required disclosures include whether the MM debt may be raised at the Trust level or SPV/HoldCo level; the category of all expenses considered as MM expenses; year-wise and project-wise estimates of the MM expenses for which debt is raised or proposed to be raised, based on the latest available valuation report; and the possible impact on the InvIT's future growth potential of InvIT due to using debt for MM expenses. "The payment of major maintenance expenses, which is funded by external borrowing, as certified by the statutory auditor of the InvIT, will be allowed to be added back for the purpose of NDCF calculation," Sebi said. Earlier, Sebi prescribed a standardized framework for the calculation of NDCF for InvITs, which prohibited using borrowed money for distributions to unitholders. Sebi has sought public comments till June 22 on the proposal. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 01 2026 | 8:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 01 2026 | 8:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The government also said that around 13.24 million tonnes of fertilisers have been added to total availability through imports and domestic production since the West Asia crisis First Published: Jun 01 2026 | 7:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In March, the benchmark Sensex and Nifty plunged 12 per cent, their steepest monthly decline since March 2020, as oil prices surged amid the escalating West Asia crisis This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In March, the benchmark Sensex and Nifty plunged 12 per cent, their steepest monthly decline since March 2020, as oil prices surged amid the escalating West Asia crisis This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wockhardt stock surged 21.5 per cent since the announcement on Thursday to ?2,151.85 apiece on the BSE This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 01 2026 | 7:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Consequent to this allotment, the paid-up equity share capital of the Company stands increased from Rs. 98,67,05,365/- (consisting of 19,73,41,073 equity shares of Rs. 5/- each) to Rs. 98,83,59,840 /- (consisting of 19,76,71,968 equity shares of Rs. 5/- each). First Published: Jun 01 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 01 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 10.52% to Rs 74.50 crore For the full year,net profit rose 261.72% to Rs 12.19 crore in the year ended March 2026 as against Rs 3.37 crore during the previous year ended March 2025. Sales rose 13.35% to Rs 294.75 crore in the year ended March 2026 as against Rs 260.04 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 6:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 13.71% to Rs 142.94 crore For the full year,net profit declined 28.43% to Rs 22.51 crore in the year ended March 2026 as against Rs 31.45 crore during the previous year ended March 2025. Sales rose 26.22% to Rs 401.59 crore in the year ended March 2026 as against Rs 318.16 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 6:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 26.56% to Rs 15.87 crore For the full year,net profit declined 19.71% to Rs 8.19 crore in the year ended March 2026 as against Rs 10.20 crore during the previous year ended March 2025. Sales rose 8.78% to Rs 112.20 crore in the year ended March 2026 as against Rs 103.14 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 6:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 5.64% to Rs 2.81 crore For the full year,net profit rose 19.01% to Rs 12.46 crore in the year ended March 2026 as against Rs 10.47 crore during the previous year ended March 2025. Sales declined 42.80% to Rs 5.96 crore in the year ended March 2026 as against Rs 10.42 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 6:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 12.05% to Rs 241.11 crore For the full year,net profit rose 42.67% to Rs 21.03 crore in the year ended March 2026 as against Rs 14.74 crore during the previous year ended March 2025. Sales rose 8.88% to Rs 838.56 crore in the year ended March 2026 as against Rs 770.19 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 6:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To deploy enterprise-grade AI solutions Black Box and AIONOS, an AI-native enterprise technology company, today announced a strategic alliance to help enterprises accelerate AI transformation; from infrastructure build-out to measurable business outcomes. The alliance combines Black Box's expertise in digital infrastructure, including data centers, network connectivity, modern workplace solutions, and managed services, with AIONOS's applied AI platforms and domain-led solutions, enabling organizations to build, deploy, and manage AI with security and resilience embedded at every layer. The two companies will jointly collaborate in developing industry-focused solutions and expanding go to-market opportunities across India, North America, EMEA, and APAC. In India, a key focus area will be the rapidly expanding Global Capability Centre (GCC) ecosystem, where the alliance is uniquely positioned to help GCCs build AI-ready infrastructure, deploy enterprise-grade AI solutions, and create intelligent, scalable operations that integrate seamlessly with their global parent organizations. First Published: Jun 01 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From Lucknow Development Authority First Published: Jun 01 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 01 2026 | 5:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SoftBank Group led the rally with a 14% jump, followed by Kioxia Holdings (+10.1%), Murata Manufacturing (+9%), Tokyo Electron (+1.2%), and Sumitomo Electric (+4.7%). On the economic front, Japans capital spending was flat in the first quarter compared with a year earlier, highlighting slower corporate investment activity. Meanwhile, investors kept a close eye on Middle East developments, where US-Iran ceasefire talks continued to face hurdles. First Published: Jun 01 2026 | 5:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee depreciated 5 paise to close at 94.90 (provisional) against the US dollar on Monday, amid renewed geopolitical tensions between the US and Iran and surge in crude oil prices. Strength of the American currency in the overseas market and Israel-Lebanon tensions also deteriorated global risk sentiments. At the interbank foreign exchange market, the rupee opened at 94.93 against the US dollar, then touched an intraday high of 94.73 and a low of 95.03 during the day. Meanwhile, domestic markets also closed sharply lower due to escalating Middle East tensions, surging crude oil prices, and ongoing foreign institutional investor (FII) outflows. The BSE Sensex settled at 74,267.34, down by 508.40 points (0.68%), and the NSE Nifty 50 ended at 23,382.60, dropping 165.15 points (0.70%). First Published: Jun 01 2026 | 5:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Motors Passenger Vehicles sales in the domestic & international market for May 2026 stood at 59,790 units, compared to 42,040 units during May 2025, recording a growth of 42%. Total sales include domestic sales of 59,090 units (up 42% YoY) and international business of 700 units (up 45% YoY). Total sales include EV sales of 10,517 units (up 85% YoY). First Published: Jun 01 2026 | 5:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Official figures showed the Composite PMI edged up to 50.5 in May from 50.1 in April, helped by a rebound in the non-manufacturing sector (50.1 vs. 49.4). However, manufacturing PMI slipped to 50.0 from 50.3. A private survey also reported a decline, with the manufacturing PMI easing to 51.8 from Aprils five-year high of 52.2. Technology stocks dragged both indices amid profit-taking. Notable decliners included Cambricon Technologies (-1.47%), SMIC (-3.19%), Zhongji Innolight (-2.21%), Eoptolink Technology (-4.18%), and NAURA Technology (-3.89%). First Published: Jun 01 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's industrial output, as measured by the Index of Industrial Production (IIP), grew 4.9% year-on-year in April, according to data released by the statistics ministry on Monday. The release marks the debut of the new IIP series with 2022-23 as the base year, replacing the 2011-12 series and introducing significant methodological and coverage changes. Industrial production in March, under the old series, had expanded by 3.2%. The comparable figure in April 2025 stood at 5.7%. Manufacturing output grew 6.2 percent year-on-year in April, while output of mining and quarrying dropped by 5.1 percent. Electricity and gas supplies' output rose by 4.9 percent on year. First Published: Jun 01 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net profit rose 153.06% to Rs 1.24 crore in the year ended March 2026 as against Rs 0.49 crore during the previous year ended March 2025. Sales declined 69.81% to Rs 17.01 crore in the year ended March 2026 as against Rs 56.34 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 12.82% to Rs 10.54 crore For the full year,net profit rose 22.22% to Rs 0.11 crore in the year ended March 2026 as against Rs 0.09 crore during the previous year ended March 2025. Sales rose 54.62% to Rs 55.23 crore in the year ended March 2026 as against Rs 35.72 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The S&P BSE Sensex dropped 508.40 points or 0.68% to 74,267.34. The Nifty 50 index fell 165.15 points or 0.70% to 23,382.60. In four consecutive trading sessions, the Sensex tanked 2.90% while the Nifty fell 2.70%. ITC (down 2.53%), Larsen & Toubro (down 1.61%) and ICICI Bank (down 1.33%) were major index drags today. The broader market underperformed the frontline indices. The BSE 150 MidCap Index tumbled 1.43% and the BSE 250 SmallCap Index fell 0.87%. The market breadth was weak. On the BSE, 1,589 shares rose and 2,761 shares fell. A total of 207 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 2.20% to 16.54. Economy: Indias manufacturing sector recorded stronger growth in May, with final figures surpassing earlier flash estimates. The HSBC India Manufacturing PMI rose to 55.0, up from 54.7 in April and the flash reading of 54.3, marking the best improvement in three months. India's Gross GST collections rose 3.2% to over Rs 1.94 lakh crore in May on improved supplies of goods and services, and continued expansion of collection from imports, government data showed on Monday. Gross GST collection stood at Rs 1.88 lakh crore in May, 2025. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.23% to 7.019 compared with previous session close of 7.003. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 94.9425 compared with its close of 94.7300 during the previous trading session. MCX Gold futures for 5 June 2026 settlement fell 0.55% to Rs 154,725. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.14% to 99.05. The United States 10-year bond yield rose 0.34% to 4.467. In the commodities market, Brent crude for August 2026 settlement surged $2.91 or 3.19% to $94.03 a barrel. Global Markets: US Dow Jones futures surged 221 points, pointing to a strong opening for Wall Street later in the day. European indices traded mostly higher despite escalating geopolitical tensions in the Middle East. Israel reportedly ordered its military to expand operations deeper into Lebanon on Sunday, while the US and Iran exchanged strikes overnight. Asian shares ended mostly in positive territory on Monday. South Korean equities outperformed the region and touched fresh record highs. However, investor sentiment remained cautious amid uncertainty surrounding US-Iran negotiations after US President Donald Trump said he was in "no hurry" to finalise a deal aimed at ending the conflict. In an interview with Lara Trump on Saturday, Trump said the US and Iran had yet to reach a final agreement. He reiterated that any deal must ensure Iran never acquires a nuclear weapon. While expressing a preference for a diplomatic resolution, he warned that military action could resume if talks break down. Meanwhile, China's manufacturing sector expanded at a faster-than-expected pace in May, according to a private survey. The RatingDog China General Manufacturing Purchasing Managers' Index, compiled by S&P Global, rose to 51.8, slightly above market expectations of 51.6. The reading, however, contrasted with softer official data that pointed to weakening momentum in the sector. On Wall Street last Friday, major US indices ended at record highs, supported by gains in technology stocks and easing crude oil prices. The Nasdaq Composite advanced 0.20% to 26,972.62, while the S&P 500 rose 0.22% to 7,580.06. The Dow Jones Industrial Average gained 363.49 points, or 0.72%, to close at 51,032.46. All three benchmarks also touched fresh intraday record highs during the session. Auto sales: TVS Motor Company shed 0.34%. The company has recorded monthly sales of 566,585 units in May 2026 with a growth of 31% as against 431,275 units in May 2025. Mahindra & Mahindra declined 2.48%. The company said that its overall auto sales for the month of May 2026 stood at 99,636 vehicles, a growth of 20% as compared with the sales figure of 83,010 units recorded in May 2025. Meanwhile, M&Ms Farm Equipment Business (FEB) has recorded domestic sales of 47,845 units in May 2026 as against 38,914 units in May 2025, reflecting a 23% year-on-year growth. Exports for the month stood at 1,850 units, up 7% YoY. Maruti Suzuki India slipped 1.38%. The company reported a 34.76% jump in total sales to 2,42,688 units in May 2026 compared with 1,80,077 units in May 2025. VST Tillers Tractors added 0.62% after the company reported a 28.28% year-on-year increase in total sales for May 2026, with overall volumes rising to 4,472 units from 3,486 units in May 2025. Hyundai Motor India lost 2.16%. The company has reported 4.15% increase in total sales for May 2026, selling 61,137 units during the month as against 58,701 units sold in the same period last year. Escorts Kubota slipped 3.39%. The company reported an 18.9% year-on-year increase in tractor sales for May 2026, with total volumes rising to 12,310 units compared to 10,354 units in May 2026. Stocks in Spotlight: The Nifty IT index surged 2.66% today. Tech Mahindra (up 3.71%), Infosys (up 3.67%), LTM (up 3.65%), Persistent System (up 3.57%), Coforge (up 2.55%) were top gainers in the pack. The rally in IT shares comes after a sharp selloff earlier this year triggered by advances in artificial intelligence, including Al startup Anthropic's Claude Cowork agent, which can automate tasks across legal, sales, marketing and data analysis functions. Zee Entertainment Enterprises (ZEEL) gained 2.88% after securing exclusive rights to broadcast 39 FIFA events in India through 2034, including the FIFA World Cup 2026, FIFA World Cup 2030 and FIFA Women's World Cup 2027. PTC Industries surged 14.19% after the companys consolidated net profit surged 143.83% to Rs 59.91 crore in Q4 FY26 from Rs 24.57 crore in Q4 FY25. Revenue from operations jumped 84.95% YoY to Rs 225.47 crore in the quarter ended 31st March 2026. NMDC Steel soared 13.18% after the company reported a sharp turnaround in its March quarter earnings, aided by higher sales. On a standalone basis, the company posted a net profit of Rs 391.91 crore in Q4 FY26 compared with a net loss of Rs 473.39 crore in Q4 FY25. It also returned to profitability on a sequential basis from a net loss of Rs 243.97 crore in Q3 FY26. Revenue from operations jumped 36.67% YoY and 28.97% QoQ to Rs 3,879 crore in the March 2026 quarter. Wockhardt surged 5.98% on Monday after the company received approval from the U.S. Food and Drug Administration (FDA) for ZAYNICH. The novel intravenous antibiotic is indicated for the treatment of adults with complicated urinary tract infections (cUTI), including pyelonephritis. The approval marks a major milestone for the Mumbai-based drug maker, coming just days after the antibiotic received marketing approval in India on 27 May 2026. According to the company, ZAYNICH is the first new chemical entity fully discovered, developed and commercialised by an Indian pharmaceutical company to secure U.S. FDA approval. Indo Count Industries jumped 7.26% after the companys consolidated net profit jumped 15.02% to Rs 24.20 crore on 3.43% rise in revenue from operations to Rs 1,057.67 crore in Q4 FY26 compared with Q4 FY25. Further, the finance ministry on Saturday said all customs duties on cotton imports will be waived from 1 June 2026 to 30 October 2026. The move is aimed at boosting cotton supplies for textile exporters amid strong global demand for yarn. Rubicon Research climbed 16.46% after the companys consolidated net profit soared 100% to Rs 76.78 crore on 43.49% increase in revenue from operations to Rs 513.91 crore in Q4 FY26 over Q4 FY25. Puravankara slipped 2.29%. The company said it has signed a joint development agreement (JDA) for an 11.23-acre land parcel in Doddagubbi, North Bengaluru. Godrej Properties (GPL) declined 2.75%. The company said it has won the bid for a 23.2-acre residential land parcel in the DMIC Integrated Township in Greater Noida through an e-auction conducted by DMIC Integrated Industrial Township Greater Noida. Antony Waste Handling Cell lost 1.20% after the company reported 18.73% decline in consolidated net profit to Rs 32.51 crore in Q4 FY26 compared with Rs 40 crore posted in Q4 FY25. Revenue from operations increased 17.76% YoY to Rs 285.76 crore in Q4 FY26. Olectra Greentech rallied 4.29% after the company reported a strong performance for the quarter ended 31 March 2026. The companys consolidated net profit surged 164.38% to Rs 55.52 crore on 43.62% jump in revenue from operations to Rs 644.72 crore in Q4 FY26 over Q4 FY25. Ingersoll-Rand (India) fell 11.14% after the industrial equipment manufacturer reported a weak set of Q4 FY26 numbers. The company's standalone net profit declined 4.21% YoY and 9.85% QoQ to Rs 64.81 crore in Q4 FY26. Revenue from operations stood at Rs 299.63 crore in the March 2026 quarter, down 7.05% YoY and 34.22% QoQ. First Published: Jun 01 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 01 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 36.84% to Rs 40.97 crore For the full year,net profit declined 1.46% to Rs 2.02 crore in the year ended March 2026 as against Rs 2.05 crore during the previous year ended March 2025. Sales rose 51.15% to Rs 144.02 crore in the year ended March 2026 as against Rs 95.28 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 3.28% to Rs 187.66 crore For the full year,net profit reported to Rs 1.72 crore in the year ended March 2026 as against net loss of Rs 0.75 crore during the previous year ended March 2025. Sales declined 6.92% to Rs 733.54 crore in the year ended March 2026 as against Rs 788.04 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.65% to Rs 3.40 crore For the full year,net loss reported to Rs 45.59 crore in the year ended March 2026 as against net loss of Rs 20.14 crore during the previous year ended March 2025. Sales declined 28.30% to Rs 11.20 crore in the year ended March 2026 as against Rs 15.62 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India VIX advanced 2.20% to 16.54. In the cash market, the Nifty 50 index tanked 165.15 points or 0.70% to 23,382.60. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 2.20% to 16.54. HDFC Bank (India), Coal India and Infosys were the top-traded individual stock futures contracts in the F&O segment of the NSE. The June 2026 F&O contracts will expire on 30 June 2026. First Published: Jun 01 2026 | 4:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Motors reported a 17% jump in total commercial vehicle (CV) sales to 32,850 units in May 2026 compared with 28,147 units sold in May 2025. Passenger carrier sales rose 21% YoY to 5,757 units, while SCV cargo and pickup sales jumped 30% YoY to 11,819 units during May 2026 over the year-ago period. Total domestic CV sales increased 19% YoY to 30,784 units in May 2026. Domestic MH&ICV sales declined 10% to 13,679 units in May 2026 from 12,406 units in May 2025. Tata Motors (formerly TML Commercial Vehicles) is Indias largest and a globally renowned manufacturer of utility vehicles, pick-ups, trucks, and buses. Its advanced powertrains, connected technologies, and intelligent fleet solutions support a wide range of applicationsfrom last-mile delivery to public transport. The counter declined 1.55% to settle at Rs 374.25 on the BSE. First Published: Jun 01 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty settled below the 23,400 level. Among sectoral indices, FMCG, PSU Bank and realty shares declined, while IT, media and metal shares advanced. As per provisional closing data, the barometer index, the S&P BSE Sensex dropped 508.40 points or 0.68% to 74,267.34. The Nifty 50 index fell 165.15 points or 0.70% to 23,382.60. In four consecutive trading sessions, the Sensex tanked 2.90% while the Nifty fell 2.70%. The broader market underperformed the frontline indices. The BSE 150 MidCap Index tumbled 1.43% and the BSE 250 SmallCap Index slumped 0.87%. The market breadth was weak. On the BSE, 1,595 shares rose and 2,757 shares fell. A total of 205 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 2.20% to 16.54. In the commodities market, Brent crude for Aug 2026 settlement jumped $2.81 or 3.08% to $93.93 a barrel. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 94.9425 compared with its close of 94.8500 during the previous trading session. Economy: Indias manufacturing sector recorded stronger growth in May, with final figures surpassing earlier flash estimates. The HSBC India Manufacturing PMI rose to 55.0, up from 54.7 in April and the flash reading of 54.3, marking the best improvement in three months. GST Collections rose 3.2% YoY to Rs 1.94 lakh crore in May 2026 compared with Rs 1.88 lakh crore in May 2025. Gross Central GST (CGST) collection from domestic transactions during the reported month stood at Rs 37,397 crore, State GST (SGST) at Rs 45,143 crore and Integrated GST (IGST) at Rs 51,990 crore. Buzzing Index: The Nifty FMCG index dropped 2.37% to 48,213.45. The index tumbled 4% in three consecutive trading sessions. Dabur India (down 4.33%), Colgate-Palmolive (India) (down 3.66%), Hindustan Unilever (down 3.2%), Tata Consumer Products (down 2.99%), United Breweries (down 2.78%), ITC (down 2.65%), Nestle India (down 2.17%), Marico (down 2.04%), Godrej Consumer Products (down 1.99%) and Patanjali Foods (down 1.84%) ddeclined. Auto sales : TVS Motor Company shed 0.17%. The company has recorded monthly sales of 566,585 units in May 2026 with a growth of 31% as against 431,275 units in May 2025. Mahindra & Mahindra declined 2.40%. The company said that its overall auto sales for the month of May 2026 stood at 99,636 vehicles, a growth of 20% as compared with the sales figure of 83,010 units recorded in May 2025. Meanwhile, M&Ms Farm Equipment Business (FEB) has recorded domestic sales of 47,845 units in May 2026 as against 38,914 units in May 2025, reflecting a 23% year-on-year growth. Exports for the month stood at 1,850 units, up 7% YoY. Maruti Suzuki India slipped 1.31%. The company reported a 34.76% jump in total sales to 2,42,688 units in May 2026 compared with 1,80,077 units in May 2025. VST Tillers Tractors added 1.35% after the company reported a 28.28% year-on-year increase in total sales for May 2026, with overall volumes rising to 4,472 units from 3,486 units in May 2025. Hyundai Motor India lost 2.21%. The company has reported 4.15% increase in total sales for May 2026, selling 61,137 units during the month as against 58,701 units sold in the same period last year. Escorts Kubota slipped 2.40%. The company reported an 18.9% year-on-year increase in tractor sales for May 2026, with total volumes rising to 12,310 units compared to 10,354 units in May 2026. Stocks in Spotlight: Zee Entertainment Enterprises (ZEEL) gained 3.35% after securing exclusive rights to broadcast 39 FIFA events in India through 2034, including the FIFA World Cup 2026, FIFA World Cup 2030 and FIFA Women's World Cup 2027. PTC Industries surged 14.87% after the companys consolidated net profit surged 143.83% to Rs 59.91 crore in Q4 FY26 from Rs 24.57 crore in Q4 FY25. Revenue from operations jumped 84.95% YoY to Rs 225.47 crore in the quarter ended 31st March 2026. NMDC Steel soared 12.94% after the company reported a sharp turnaround in its March quarter earnings, aided by higher sales. On a standalone basis, the company posted a net profit of Rs 391.91 crore in Q4 FY26 compared with a net loss of Rs 473.39 crore in Q4 FY25. It also returned to profitability on a sequential basis from a net loss of Rs 243.97 crore in Q3 FY26. Revenue from operations jumped 36.67% YoY and 28.97% QoQ to Rs 3,879 crore in the March 2026 quarter. Indo Count Industries jumped 7.73% after the companys consolidated net profit jumped 15.02% to Rs 24.20 crore on 3.43% rise in revenue from operations to Rs 1,057.67 crore in Q4 FY26 compared with Q4 FY25. Further, the finance ministry on Saturday said all customs duties on cotton imports will be waived from 1 June 2026 to 30 October 2026. The move is aimed at boosting cotton supplies for textile exporters amid strong global demand for yarn. Rubicon Research climbed 19.28% after the companys consolidated net profit soared 100% to Rs 76.78 crore on 43.49% increase in revenue from operations to Rs 513.91 crore in Q4 FY26 over Q4 FY25. Indo Count Industries gained 7.24% after the companys consolidated net profit jumped 15.02% to Rs 24.20 crore on 3.43% rise in revenue from operations to Rs 1,057.67 crore in Q4 FY26 compared with Q4 FY25. Puravankara slipped 2.40%. The company said it has signed a joint development agreement (JDA) for an 11.23-acre land parcel in Doddagubbi, North Bengaluru. Godrej Properties (GPL) declined 2.73%. The company said it has won the bid for a 23.2-acre residential land parcel in the DMIC Integrated Township in Greater Noida through an e-auction conducted by DMIC Integrated Industrial Township Greater Noida. Antony Waste Handling Cell lost 1.03% after the company reported 18.73% decline in consolidated net profit to Rs 32.51 crore in Q4 FY26 compared with Rs 40 crore posted in Q4 FY25. Revenue from operations increased 17.76% YoY to Rs 285.76 crore in Q4 FY26. Olectra Greentech rallied 4.61% after the company reported a strong performance for the quarter ended 31 March 2026. The companys consolidated net profit surged 164.38% to Rs 55.52 crore on 43.62% jump in revenue from operations to Rs 644.72 crore in Q4 FY26 over Q4 FY25. Global Markets: Most European markets traded higher despite escalating geopolitical tensions after Israel ordered its troops to push deeper into Lebanon on Sunday, while the United States and Iran exchanged strikes overnight. Asian markets ended mostly higher on Monday, with South Korean stocks hitting a fresh record high and outperforming the broader Asia-Pacific region. Investor sentiment remained cautious amid lingering uncertainty over U.S.-Iran negotiations after President Donald Trump said he was in no hurry to reach a deal aimed at ending the conflict. The U.S. and Iran have still not finalized an agreement to end the conflict, Trump said in an interview with his daughter-in-law, Lara Trump, on media channel Saturday. He added that he is pressing for a deal that would ensure Iran never acquires a nuclear weapon. While he said he would prefer a swift resolution, he stressed that he was not rushing negotiations and warned that military action could resume if talks collapse. Meanwhile, in China, manufacturing activity expanded faster than expected in May, according to a private survey released Monday, although growth slowed from the previous month and contrasted with softer official data pointing to weaker momentum in the sector. The RatingDog China General Manufacturing Purchasing Managers Index, compiled by S&P Global, came in at 51.8, a touch above the expected 51.6 figure that was widely reported in the media. Last Friday on Wall Street, U.S. equities closed at record highs while crude prices slipped, helping the major averages score a winning month, boosted by technology. The Nasdaq Composite settled up 0.2% at 26,972.62, while the S&P 500 climbed 0.22% to 7,580.06. The Dow Jones Industrial Average finished up 363.49 points, or 0.72%, at 51,032.46. All three indexes hit fresh all-time intraday highs earlier as well. First Published: Jun 01 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The free trade agreement between India and Oman came into force on Monday, Commerce and Industry Minister Piyush Goyal said. The India-Oman Comprehensive Economic Partnership Agreement (CEPA) will benefit domestic exporters in sectors such as textiles, leather, plastics, marine products, automobiles, sports goods, and agri-items, as they gain preferential access to the Omani market over competitors, Goyal said. "The India-Oman Comprehensive Economic Partnership Agreement is entering into force from today," the minister told reporters here. The free trade pact was signed on 18th December 2025 in Muscat. Upon completion of internal processes by both parties, the Agreement entered into force on 1st June, 2026. To mark the entry into force, about 10 consignments of agriculture and gems and jewellery products from Mumbai, Kolkata and Chennai were shipped to the Gulf nation under the preferential tariffs. Oman is India's second-largest trading partner in the Gulf region and serves as a strategic gateway to the wider GCC market through its advanced port infrastructure. Bilateral trade between India and Oman reached $ 11.18 billion in FY 2025-26, up from $ 10.61 billion in FY 2024-25. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 01 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Renewable Energy Development Agency (IREDA) declined 5.89% to Rs 126.15 after the company's standalone net profit fell 1.80% to Rs 492.75 crore despite a 14.22% rise in revenue from operations to Rs 2174.95 crore in Q4 FY26 over Q4 FY25. On a full year basis, the companys consolidated net profit rose 10.29% to Rs 1873.34 crore in FY26 compared with Rs 1698.60 crore in FY25. Revenue from operations climbed 23.23% YoY to Rs 8,309 crore in FY26. Net Non-performing assets stood at Rs 1172 crore in Q4 FY26 compared with Rs 1021 crore in Q4 FY25. Net NPA stood at 1.29% in Q4 FY26 as against 1.35% in Q4 FY25. As on 31st march 2026, the companys outstanding loan book stood at Rs 93,069 crore, up 22.01% comapred with Rs 76,282 crore as on 31st March 2025. Loan sanctions increased 9% YoY to Rs 51,883 crore during the period. Meanwhile, the company received a letter from National Stock Exchange(NSE) and Bombay Stock Exchange (BSE) for non-compliance pertaining to the composition of the board of directors. The board also noted that the company is regularly following up with the Administrative Ministry i.e., Ministry of New and Renewable Energy (MNRE) for the appointment of requisite number of Independent Directors on the Board of IREDA and desired that MNRE be requested to expedite the process for the appointment of Independent Directors (including women director). The board also requested the Stock Exchanges to waive the fines imposed on the company and also not to impose any further fine/penalty, since the matter relating to appointment of Independent Directors is beyond the control of the company and there is no violation on the part of the company. Meanwhile, the companys board recommended final dividend of Rs 0.75 per equity share of face value Rs 10 each for FY26. IREDA is a 'Navratna' Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE). IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation. First Published: Jun 01 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators stay flat around a three-week low in the Pound futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net short position of 61398 contracts in the data reported through May 26, 2026. This was a weekly decrease of 2909 net short contracts. First Published: Jun 01 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Large currency speculators further reduced net long positions in the Euro futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net short position of 29426 contracts in the data reported through May 26, 2026. This was a weekly fall of 4087 net positions. First Published: Jun 01 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zee bags FIFA World Cup 2026 broadcast rights in India First Published: Jun 01 2026 | 3:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zee bags FIFA World Cup 2026 broadcast rights in India First Published: Jun 01 2026 | 3:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zee Entertainment Enterprises (ZEEL) gained 4.07% to Rs 96.89 after securing exclusive rights to broadcast 39 FIFA events in India through 2034, including the FIFA World Cup 2026, FIFA World Cup 2030 and FIFA Women's World Cup 2027. The FIFA World Cup 2026 will kick off on 11 June 2026 and will be broadcast across Zee's newly launched Unite8 Sports channels and its digital platform Zee5. The company recently launched four dedicated sports channels - Unite8 Sports 1, Unite8 Sports 1 HD, Unite8 Sports 2 and Unite8 Sports 2 HD. Apart from the men's FIFA World Cups in 2026 and 2030, Zee has also secured rights for the FIFA Women's World Cup 2027, FIFA Men's U-17 World Cups, FIFA Women's U-17 World Cups, FIFA U-20 tournaments, FIFA Futsal World Cups and FIFA Intercontinental Cup events through 2034. Punit Goenka, CEO of Zee Entertainment, said the company sees significant long-term potential in football and believes the partnership will help unlock the sport's value in India while strengthening growth and profitability. FIFA Chief Business Officer Romy Gai said India is a strategically important market for FIFA, driven by its young and passionate audience. He added that Zee's extensive television and digital distribution network would help expand football's reach across the country. Zee said the partnership is expected to support subscriber growth across its television and digital platforms, strengthen advertiser engagement and help build a scalable sports business. Zee Entertainment Enterprises is a content and technology company with a presence in more than 190 countries and a global reach of over 1.4 billion people. The company operates across television, digital platforms, movies, music and live entertainment, offering content in multiple languages. Through its portfolio of media and entertainment businesses, Zee serves audiences in India and international markets. The company reported a consolidated net loss of Rs 103.69 crore in Q4 FY26, compared with a net profit of Rs 188.39 crore in the same period last year. Total income declined 5.36% year-on-year to Rs 2,101.1 crore during the quarter. First Published: Jun 01 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Finolex Cables Ltd, Ingersoll-Rand (India) Ltd, RHI Magnesita India Ltd and Inox Wind Ltd are among the other losers in the BSE's 'A' group today, 01 June 2026. Finolex Cables Ltd, Ingersoll-Rand (India) Ltd, RHI Magnesita India Ltd and Inox Wind Ltd are among the other losers in the BSE's 'A' group today, 01 June 2026. Jaiprakash Power Ventures Ltd tumbled 13.04% to Rs 19.01 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 211.22 lakh shares were traded on the counter so far as against the average daily volumes of 215.35 lakh shares in the past one month. Finolex Cables Ltd lost 12.11% to Rs 999.25. The stock was the second biggest loser in 'A' group.On the BSE, 1.97 lakh shares were traded on the counter so far as against the average daily volumes of 57101 shares in the past one month. Ingersoll-Rand (India) Ltd crashed 10.91% to Rs 3908.8. The stock was the third biggest loser in 'A' group.On the BSE, 8404 shares were traded on the counter so far as against the average daily volumes of 8640 shares in the past one month. RHI Magnesita India Ltd pared 10.25% to Rs 364.55. The stock was the fourth biggest loser in 'A' group.On the BSE, 80421 shares were traded on the counter so far as against the average daily volumes of 19204 shares in the past one month. Inox Wind Ltd corrected 9.33% to Rs 84.28. The stock was the fifth biggest loser in 'A' group.On the BSE, 16.97 lakh shares were traded on the counter so far as against the average daily volumes of 6.74 lakh shares in the past one month. First Published: Jun 01 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Arihant Foundations & Housing Ltd, Coastal Corporation Ltd, Birla Precision Technologies Ltd and RPP Infra Projects Ltd are among the other losers in the BSE's 'B' group today, 01 June 2026. Arihant Foundations & Housing Ltd, Coastal Corporation Ltd, Birla Precision Technologies Ltd and RPP Infra Projects Ltd are among the other losers in the BSE's 'B' group today, 01 June 2026. Jeena Sikho Lifecare Ltd crashed 20.00% to Rs 491.95 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 2.95 lakh shares were traded on the counter so far as against the average daily volumes of 31843 shares in the past one month. Arihant Foundations & Housing Ltd lost 19.45% to Rs 735.55. The stock was the second biggest loser in 'B' group.On the BSE, 8628 shares were traded on the counter so far as against the average daily volumes of 4419 shares in the past one month. Coastal Corporation Ltd tumbled 17.77% to Rs 49.78. The stock was the third biggest loser in 'B' group.On the BSE, 31753 shares were traded on the counter so far as against the average daily volumes of 12772 shares in the past one month. Birla Precision Technologies Ltd shed 16.05% to Rs 38.91. The stock was the fourth biggest loser in 'B' group.On the BSE, 1.18 lakh shares were traded on the counter so far as against the average daily volumes of 68697 shares in the past one month. RPP Infra Projects Ltd dropped 14.21% to Rs 64.66. The stock was the fifth biggest loser in 'B' group.On the BSE, 17874 shares were traded on the counter so far as against the average daily volumes of 5902 shares in the past one month. First Published: Jun 01 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Jun 01 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 103.68% to Rs 203.62 crore For the full year,net profit rose 183.14% to Rs 144.12 crore in the year ended March 2026 as against Rs 50.90 crore during the previous year ended March 2025. Sales rose 128.03% to Rs 698.17 crore in the year ended March 2026 as against Rs 306.18 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 16.50% to Rs 26.93 crore For the full year,net profit rose 391.46% to Rs 4.03 crore in the year ended March 2026 as against Rs 0.82 crore during the previous year ended March 2025. Sales rose 9.84% to Rs 108.77 crore in the year ended March 2026 as against Rs 99.03 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 18.75% to Rs 0.13 crore For the full year,net loss reported to Rs 0.19 crore in the year ended March 2026 as against net profit of Rs 0.03 crore during the previous year ended March 2025. Sales declined 6.45% to Rs 0.58 crore in the year ended March 2026 as against Rs 0.62 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 0.30 crore in the year ended March 2026 as against net loss of Rs 72.37 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: Jun 01 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ZEEL shares jump 6% on securing FIFA World Cup 2026 broadcast rights First Published: Jun 01 2026 | 3:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 32.00% to Rs 316.81 crore For the full year,net profit rose 22.39% to Rs 15.03 crore in the year ended March 2026 as against Rs 12.28 crore during the previous year ended March 2025. Sales rose 17.83% to Rs 823.60 crore in the year ended March 2026 as against Rs 698.98 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 6.24% to Rs 58.53 crore For the full year,net profit rose 22.62% to Rs 14.42 crore in the year ended March 2026 as against Rs 11.76 crore during the previous year ended March 2025. Sales rose 29.57% to Rs 218.76 crore in the year ended March 2026 as against Rs 168.84 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 80.90% to Rs 28.51 crore For the full year,net profit rose 34.50% to Rs 3.08 crore in the year ended March 2026 as against Rs 2.29 crore during the previous year ended March 2025. Sales declined 1.25% to Rs 75.55 crore in the year ended March 2026 as against Rs 76.51 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 10.68% to Rs 104.22 crore For the full year,net profit declined 42.05% to Rs 32.58 crore in the year ended March 2026 as against Rs 56.22 crore during the previous year ended March 2025. Sales rose 5.39% to Rs 327.81 crore in the year ended March 2026 as against Rs 311.03 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 48.61% to Rs 44.52 crore For the full year,net loss reported to Rs 89.89 crore in the year ended March 2026 as against net loss of Rs 16.17 crore during the previous year ended March 2025. Sales rose 105.79% to Rs 178.30 crore in the year ended March 2026 as against Rs 86.64 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 4670.00% to Rs 4.77 crore For the full year,net loss reported to Rs 2.74 crore in the year ended March 2026 as against net loss of Rs 1.04 crore during the previous year ended March 2025. Sales rose 11520.00% to Rs 11.62 crore in the year ended March 2026 as against Rs 0.10 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
VST Tillers Tractors reported a 28.28% year-on-year increase in total sales for May 2026, with overall volumes rising to 4,472 units from 3,486 units in May 2025. VST Tillers Tractors is engaged in the manufacturing of power tillers and diesel engines. The company's consolidated net profit slipped 79.15% to Rs 5.09 crore in Q4 FY26, compared with Rs 24.42 crore reported in Q4 FY25. However, revenue from operations jumped 8.96% year on year (YoY) to Rs 328.46 crore in the quarter ended 31 March 2026. The counter shed 0.22% to Rs 4,580 on the BSE. First Published: Jun 01 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TVS Motor Company (TVSM) recorded monthly sales of 566,585 units in May 2026 with a growth of 31% as against 431,275 units in May 2025. Total two-wheelers registered a growth of 31% with sales increasing from 416,166 units in May 2025 to 543,111 units in May 2026. Domestic two-wheeler registered growth of 24% with sales increasing from 309,287 units in May 2025 to 384,565 units in May 2026. Motorcycle registered a growth of 30% with sales increasing from 211,505 units in May 2025 to 273,802 units in May 2026. Scooter registered a growth of 32% with sales increasing from 166,749 units in May 2025 to 220,740 units in May 2026. EV registered a growth of 56% with sales increasing from 27,976 units in May 2025 to 43,632 units in May 2026. The Company's total International Business sales registered a growth of 49% increasing from 118,437 units in May 2025 to 175,991 units in May 2026. Two-wheeler sales registered a growth of 48% with sales increasing from 106,879 units in May 2025 to 158,546 units in May 2026. Three-wheeler registered a growth of 55% with sales increasing from 15,109 units in May 2025 to 23,474 units in May 2026. First Published: Jun 01 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ashok is widely recognized for driving execution-led transformation at scale across complex, high-growth industries. As Chief Operating Officer and board member at JSW, he played a key role in shaping the company's long-term growth strategy, helping accelerate its capacity journey from nearly 5 GW to 30 GW in close to 3 years. Prior to this, Ashok has spent majority of his career with Schindler Group. As the CEO & President - Schindler India & South Asia, he led the company's largest and most strategic markets across Manufacturing, Operations and R&D, delivering strong operational performance and scaling revenues three-fold from Rs 1,000 crore to Rs 3,000 crore. First Published: Jun 01 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cummins India: Citi bets on data centre tailwinds; sees 14% upside First Published: Jun 01 2026 | 1:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 01 2026 | 1:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Top stocks to buy this week: Axis Securities recommends AIA Engineering, Adani Total Gas and Exide Industries for up to 21% likely upside. First Published: Jun 01 2026 | 1:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company had sold 22,315 units in May, 2025 Automaker Kia India on Monday reported a 23.6 per cent on-year growth in wholesales at 27,586 units in May 2026. The company had sold 22,315 units in May, 2025. It was the "highest-ever sales in May" since market entry, Kia India said in a statement. The strong performance reflects sustained customer demand across Kia's product portfolio and the brand's continued momentum in the Indian market, it added. "Our highest-ever May sales performance reflects the strong alignment of our product portfolio with evolving customer preferences across segments," said its Senior Vice-President, Sales & Marketing, Atul Sood. The continued strong demand for the new Seltos along with Sonet, coupled with the encouraging response to the Carens Clavis, Clavis EV and the MY26 Syros, has helped to sustain growth momentum, he said. The strong performance during the month was led by the new Seltos, which continued its strong growth momentum by crossing the 10,000-unit sales mark every month since its launch in January. KIA has also recorded year-to-date (YTD) sales of 1,39,197 units, up 14.6 per cent from the same period last year, compared to 1,21,514 units. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Jun 01 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 01 2026 | 1:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rising smartphone prices are pushing buyers to delay purchases or opt for lower-cost alternatives during the festive season First Published: Jun 01 2026 | 1:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TVS Motor Company has recorded monthly sales of 566,585 units in May 2026 with a growth of 31% as against 431,275 units in May 2025. Total two-wheelers registered a growth of 31% with sales increasing from 416,166 units in May 2025 to 543,111 units in May 2026. Domestic two-wheeler sales for the period under review were 384,565 units, up 24% YoY. Electric Vehicles registered a growth of 56%, with sales increasing from 27,976 units in May 2025 to 43,632 units in May 2026. The three-wheeler segment registered sales of 23,474 units in May 2026, which is higher by 55% as compared with the sales of 15,109 units in May 2025. The company's total international business sales registered a growth of 49% increasing to 175,991 units in May 2026 from 118,437 units in May 2025. TVS Motor Company is a reputed global manufacturer of two-wheelers and three-wheelers, with four manufacturing facilities located in India and Indonesia. The company had reported 19.03% jump in consolidated net profit to Rs 771.52 crore on 30.42% increase in revenue from operations to Rs 15,025.73 crore in Q4 FY26 over Q4 FY25. The scrip rose 0.90% to currently trade at Rs 3382.30 on the BSE. First Published: Jun 01 2026 | 1:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Saregama India Ltd is quoting at Rs 447.4, up 5.48% on the day as on 12:49 IST on the NSE. The stock is down 18.19% in last one year as compared to a 4.79% slide in NIFTY and a 16.39% slide in the Nifty Media index. Saregama India Ltd is up for a third straight session today. The stock is quoting at Rs 447.4, up 5.48% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.06% on the day, quoting at 23532.8. The Sensex is at 74738.97, down 0.05%. Saregama India Ltd has gained around 29.64% in last one month. Meanwhile, Nifty Media index of which Saregama India Ltd is a constituent, has gained around 0.88% in last one month and is currently quoting at 1408.3, up 1.92% on the day. The volume in the stock stood at 131.4 lakh shares today, compared to the daily average of 91.36 lakh shares in last one month. The PE of the stock is 36.99 based on TTM earnings ending March 26. First Published: Jun 01 2026 | 1:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HCL Technologies Ltd is quoting at Rs 1207.6, up 2.01% on the day as on 12:49 IST on the NSE. The stock is down 25.98% in last one year as compared to a 4.79% drop in NIFTY and a 18.53% drop in the Nifty IT index. HCL Technologies Ltd is up for a third straight session today. The stock is quoting at Rs 1207.6, up 2.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.06% on the day, quoting at 23532.8. The Sensex is at 74738.97, down 0.05%. HCL Technologies Ltd has gained around 0.59% in last one month. Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has gained around 3.85% in last one month and is currently quoting at 29080.15, up 3.84% on the day. The volume in the stock stood at 27.77 lakh shares today, compared to the daily average of 34.02 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1215.9, up 3.49% on the day. HCL Technologies Ltd is down 25.98% in last one year as compared to a 4.79% drop in NIFTY and a 18.53% drop in the Nifty IT index. The PE of the stock is 25.75 based on TTM earnings ending March 26. First Published: Jun 01 2026 | 1:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
LTM Ltd is quoting at Rs 4249.6, up 4.63% on the day as on 12:49 IST on the NSE. The stock is down 16.22% in last one year as compared to a 4.79% drop in NIFTY and a 18.53% drop in the Nifty IT index. LTM Ltd gained for a third straight session today. The stock is quoting at Rs 4249.6, up 4.63% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.06% on the day, quoting at 23532.8. The Sensex is at 74738.97, down 0.05%. LTM Ltd has risen around 1.12% in last one month. Meanwhile, Nifty IT index of which LTM Ltd is a constituent, has risen around 3.85% in last one month and is currently quoting at 29080.15, up 3.84% on the day. The volume in the stock stood at 4.38 lakh shares today, compared to the daily average of 4.47 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 4248.8, up 3.82% on the day. LTM Ltd is down 16.22% in last one year as compared to a 4.79% drop in NIFTY and a 18.53% drop in the Nifty IT index. The PE of the stock is 22.62 based on TTM earnings ending March 26. First Published: Jun 01 2026 | 1:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wockhardt Ltd is quoting at Rs 2201.1, up 8.35% on the day as on 12:44 IST on the NSE. The stock is up 50.14% in last one year as compared to a 4.86% jump in NIFTY and a 13.48% jump in the Nifty Pharma. Wockhardt Ltd is up for a fifth straight session today. The stock is quoting at Rs 2201.1, up 8.35% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.14% on the day, quoting at 23515.85. The Sensex is at 74689.48, down 0.12%. Wockhardt Ltd has gained around 54.46% in last one month. Meanwhile, Nifty Pharma index of which Wockhardt Ltd is a constituent, has gained around 3.41% in last one month and is currently quoting at 24345.8, down 0.28% on the day. The volume in the stock stood at 84.82 lakh shares today, compared to the daily average of 40.05 lakh shares in last one month. The PE of the stock is 113.01 based on TTM earnings ending March 26. First Published: Jun 01 2026 | 1:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Jun 01 2026 | 10:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian Paints rises 4% after Q4FY26 results First Published: Jun 01 2026 | 10:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Antony Waste Handling Cell fell 2.19% to Rs 456 after the company reported 18.73% decline in consolidated net profit to Rs 32.51 crore in Q4 FY26 compared with Rs 40 crore posted in Q4 FY25. Profit before tax (PBT) fell 36.33% YoY to Rs 48.42 crore in the quarter ended 31st March 2026. Total expenses climbed 17.97% YoY to Rs 265.45 crore in Q4 FY26. Project expenses stood at Rs 1.37 crore (down 45.63% YoY), employee benefit expenses stood at Rs (up 23.58% YoY), finance cost stood at Rs 15.02 crore (down 1.25% YoY) during the period under review. On full year basis, the companys consolidated net profit tumbled 11.61% to Rs 75.44 crore in FY26 compared with Rs 85.35 crore in FY25. Revenue from operations increased 12.81% YoY to Rs 1,053.19 crore in FY26. Net cash generated from operating activities dropped 24.23% to Rs 139.38 crore in FY26, compared with Rs 183.96 crore in FY25. Meanwhile, the companys board recommended a final dividend of Rs 0.50 per equity share with a face value Rs 5 per share for the financial year ended March 31, 2026. Antony Waste Handling Cell is engaged in the business of mechanical power sweeping of the roads and collection & transportation of municipal solid waste. First Published: Jun 01 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 42.48% to Rs 263.93 crore For the full year,net profit declined 76.20% to Rs 0.84 crore in the year ended March 2026 as against Rs 3.53 crore during the previous year ended March 2025. Sales declined 11.26% to Rs 1529.91 crore in the year ended March 2026 as against Rs 1724.04 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 10:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 31.11% to Rs 100.64 crore For the full year,net profit declined 1.87% to Rs 2.63 crore in the year ended March 2026 as against Rs 2.68 crore during the previous year ended March 2025. Sales rose 4.51% to Rs 651.18 crore in the year ended March 2026 as against Rs 623.10 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 10:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 43.08% to Rs 20.88 crore For the full year,net loss reported to Rs 11.33 crore in the year ended March 2026 as against net profit of Rs 13.53 crore during the previous year ended March 2025. Sales declined 22.84% to Rs 83.31 crore in the year ended March 2026 as against Rs 107.97 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 10:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 116.94% to Rs 56.08 crore For the full year,net profit rose 104.53% to Rs 7.22 crore in the year ended March 2026 as against Rs 3.53 crore during the previous year ended March 2025. Sales rose 0.94% to Rs 248.23 crore in the year ended March 2026 as against Rs 245.91 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 10:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 21.64% to Rs 5.07 crore For the full year,net loss reported to Rs 1.99 crore in the year ended March 2026 as against net profit of Rs 0.20 crore during the previous year ended March 2025. Sales declined 12.04% to Rs 23.08 crore in the year ended March 2026 as against Rs 26.24 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 10:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 677.56% to Rs 15.94 crore For the full year,net profit rose 78.26% to Rs 0.82 crore in the year ended March 2026 as against Rs 0.46 crore during the previous year ended March 2025. Sales rose 323.93% to Rs 29.59 crore in the year ended March 2026 as against Rs 6.98 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 10:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 10.59% to Rs 35.30 crore For the full year,net loss reported to Rs 24.91 crore in the year ended March 2026 as against net loss of Rs 13.98 crore during the previous year ended March 2025. Sales declined 39.99% to Rs 181.29 crore in the year ended March 2026 as against Rs 302.10 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 10:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs -1.92 crore For the full year,net loss reported to Rs 12.49 crore in the year ended March 2026 as against net profit of Rs 19.58 crore during the previous year ended March 2025. Sales declined 36.28% to Rs 105.06 crore in the year ended March 2026 as against Rs 164.87 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 9:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 0.66 crore For the full year,net profit rose 16.67% to Rs 0.14 crore in the year ended March 2026 as against Rs 0.12 crore during the previous year ended March 2025. Sales rose 4.19% to Rs 1.99 crore in the year ended March 2026 as against Rs 1.91 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 9:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 0.66 crore in the year ended March 2026 as against net loss of Rs 24.18 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 as against Rs 0.35 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 9:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 10.40 crore For the full year,net profit rose 432.79% to Rs 39.48 crore in the year ended March 2026 as against Rs 7.41 crore during the previous year ended March 2025. Sales rose 414.73% to Rs 82.82 crore in the year ended March 2026 as against Rs 16.09 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 9:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net profit reported to Rs 3.77 crore in the year ended March 2026 as against net loss of Rs 0.74 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: Jun 01 2026 | 9:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 40.37% to Rs 1.92 crore For the full year,net loss reported to Rs 2.60 crore in the year ended March 2026 as against net profit of Rs 2.92 crore during the previous year ended March 2025. Sales declined 89.51% to Rs 2.62 crore in the year ended March 2026 as against Rs 24.97 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 9:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 12.36% to Rs 2.41 crore For the full year,net profit rose 3500.00% to Rs 0.36 crore in the year ended March 2026 as against Rs 0.01 crore during the previous year ended March 2025. Sales declined 3.63% to Rs 10.34 crore in the year ended March 2026 as against Rs 10.73 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 9:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 441.98 crore For the full year,net profit reported to Rs 52.76 crore in the year ended March 2026 as against net loss of Rs 6.73 crore during the previous year ended March 2025. Sales reported to Rs 601.71 crore in the year ended March 2026. There were no Sales reported during the previous year ended March 2025. First Published: Jun 01 2026 | 9:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 0.33 crore in the year ended March 2026 as against net loss of Rs 0.15 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: Jun 01 2026 | 9:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 6.14% to Rs 52.60 crore For the full year,net profit reported to Rs 0.19 crore in the year ended March 2026 as against net loss of Rs 1.01 crore during the previous year ended March 2025. Sales declined 11.82% to Rs 219.82 crore in the year ended March 2026 as against Rs 249.29 crore during the previous year ended March 2025. First Published: Jun 01 2026 | 9:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: May 27 2026 | 5:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Amid the OFS, Coal India shares witnessed sharp volatility. The stock fell as much as 6.6 per cent intraday to ?427.8 before recovering all losses to end 1 per cent higher at ?463 First Published: May 27 2026 | 5:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee settled on a flat note, higher by 2 paise at 95.68 (provisional) against the US dollar on Wednesday, as renewed tensions between the US and Iran and delays in negotiations kept investors cautious. Meanwhile, an uptick in American currency and weak domestic markets also pressured the rupee. Attention has shifted toward the upcoming RBI Monetary Policy Committee meeting scheduled between June 3 and 5. At the interbank foreign exchange market, the rupee opened at 95.60 against the US dollar, and touched an intra-day low of 95.79 against the American currency. The BSE Sensex settled 141.90 points (0.19%) lower at 75,867.80, while the NSE Nifty 50 marginally dipped 6.55 points (0.03%) to close at 23,907.15. First Published: May 27 2026 | 5:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The S&P BSE Sensex, declined 141.90 points or 0.19% to 75,867.80. The Nifty 50 index shed 6.55 points or 0.03% to 23,907.15. In the two consecutive trading sessions, the Sensex and Nifty fell 0.81% and 0.51%, respectively. ONGC (down 4.94%), HDFC Bank (down 2.54%) and ITC (down 0.48%) put pressure on the Nifty today. The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.83% and the BSE 250 SmallCap Index jumped 0.49%. The market breadth was positive. On the BSE, 2,275 shares rose and 1,945 shares fell. A total of 182 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slumped 7.12% to 14.98. The domestic stock market will remain closed on Thursday on account of Bakri Id. Numbers to Track: The yield on India's 10-year benchmark federal paper declined 0.09% to 6.990 compared with previous session close of 6.996. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.70 compared with its close of 95.7050 during the previous trading session. MCX Gold futures for 5 June 2026 settlement fell 0.45% to Rs 156,194. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.09% to 99.08. The United States 10-year bond yield fell 0.62% to 4.464. In the commodities market, Brent crude for July 2026 settlement fell 3.34 or 3.35% to $96.24 a barrel. Global Market: US Dow Jones futures were up 224 points, indicating a positive start for Wall Street later today. European shares traded higher on Wednesday as investors monitored the latest developments in the Iran conflict alongside easing oil prices. Asian shares ended mixed amid concerns over recent US military action in Iran and the fragile Washington-Tehran ceasefire. According to media reports, US forces carried out what the Pentagon described as self-defense strikes in southern Iran early Tuesday, targeting missile launch sites and Iranian vessels allegedly attempting to deploy mines. The action underscored the fragile nature of the ongoing truce, even as negotiations between Washington and Tehran reportedly moved closer to a potential agreement. US President Donald Trump said on Monday that talks with Iran to end the conflict were proceeding nicely, but cautioned that the US could take offensive action if negotiations fail. Overnight on Wall Street, the S&P 500 and Nasdaq Composite hit fresh intraday record highs, driven by gains in technology stocks as investors weighed geopolitical developments in the Middle East. The S&P 500 rose 0.61% to close at 7,519.12, while the Nasdaq climbed 1.19% to 26,656.18, with both indices ending at record levels. The Dow Jones Industrial Average, however, fell 118.02 points, or 0.23%, to settle at 50,461.68. Stocks in Spotlight: Zee Entertainment Enterprises jumped 10.49% after the company announced the launch of its sports broadcasting venture, Unite8 Sports, marking a major push into the sports media segment. The company will introduce four dedicated sports channels in Hindi and English, featuring football, kabaddi, cricket, badminton, wrestling, boxing and combat sports. Zee also said it is in talks with FIFA to secure broadcasting and streaming rights for the FIFA World Cup 2026 in India, a move that could significantly strengthen its sports content portfolio. Timex Group India surged 13.07% after the watchmaker reported a blockbuster set of Q4 FY26 numbers. The companys standalone net profit zoomed 195.89% YoY and 754.38% QoQ to Rs 27.34 crore in Q4 FY26. Revenue from operations jumped 73.69% YoY and 55.99% QoQ to Rs 235.20 crore in the March 2026 quarter. Procter & Gamble Health soared 10.53% after the vitamins, minerals and supplements maker reported a strong set of Q4 FY26 earnings. The companys standalone net profit jumped 54.63% YoY and 21.92% QoQ to Rs 94.60 crore in Q4 FY26. Revenue from operations rose 19.12% YoY to Rs 370.45 crore in the March 2026 quarter compared with Rs 310.99 crore in the corresponding quarter last year. However, revenue declined marginally by 0.91% sequentially from Rs 373.86 crore posted in Q3 FY26. JK Tyre & Industries climbed 4.86% after the tyre maker posted a consolidated net profit of Rs 177.99 crore in Q4 FY26, marking an 80.18% jump from Rs 98.78 crore recorded in the corresponding quarter last year. Revenue from operations rose 12.36% YoY to Rs 4,223.44 crore in the quarter ended 31 March 2026. Gillette India advanced 4.85% after the company reported a 21.31% jump in standalone net profit to Rs 192.51 crore on a 3.19% rise in revenue from operations to Rs 792 crore in Q4 FY26 over Q4 FY25. Finolex Industries rallied 7.74% after the companys consolidated net profit jumped 58.74% to Rs 261.25 crore on a 12.12% increase in revenue from operations to Rs 1,313.88 crore in Q4 FY26 over Q4 FY25. Gandhar Oil Refinery (India) rose 0.22%. The companys consolidated net profit surged 248.59% to Rs 40.68 crore in Q4 FY26 from Rs 11.67 crore in Q4 FY25. Revenue from operations climbed 13.69% YoY to Rs 1093.37 crore in Q4 FY26. Advait Energy Transitions advanced 0.54%. The companys consolidated net profit surged 55.68% to Rs 17.67 crore in Q4 FY26 compared with Rs 11.35 crore posted in Q4 FY25. Revenue from operations zoomed 18.04% year on year to Rs 228.19 crore in the quarter ended 31 March 2026. Kilburn Engineering fell 3.61%. The company has reported a 21.80% rise in consolidated net profit to Rs 24.86 crore in the fourth quarter ended 31 March 2026, compared with Rs 20.41 crore posted in the corresponding quarter last year. Revenue from operations surged 49.03% year-on-year to Rs 189.18 crore in Q4 FY26. First Published: May 27 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 27 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To collaborate on data-driven infrastructure solutions RITES signed a Memorandum of Understanding (MoU) with Crisil. The partnership aims at combining RITES' extensive capabilities in transport infrastructure and engineering consultancy with Crisil's strengths in data intelligence, analytics, research, and market insights to deliver integrated, data-driven infrastructure solutions. Under the MoU, the organisations will jointly explore consultancy assignments and infrastructure opportunities across a wide range of sectors, including railways, metro rail, highways, expressways, airports, ports, ropeways, bridges, tunnels, urban transport, energy, water resources, hydropower, wastewater management, and industrial infrastructure, in India and abroad. The collaboration will focus on strengthening analytical and advisory support for infrastructure projects through market intelligence, data validation, financial due diligence, valuation support, and development of analytical models for consultancy assignments undertaken by RITES. First Published: May 27 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian football fans First Published: May 27 2026 | 5:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cummins India reported a 24.69% surge in standalone net profit to Rs 650.12 crore in Q4 FY26, compared with Rs 521.37 crore posted in Q4 FY25. Domestic sales stood at Rs 2,513 crore, higher by 30% compared with the same quarter last year and moderated by 1% over the previous quarter. Export sales came in at Rs 450 crore, down 6% year-on-year and 5% sequentially. Total expenses jumped 21.85% YoY to Rs 2,422.55 crore during the quarter. The cost of materials consumed stood at Rs 1,707.48 crore (up 19.16% YoY), while employee benefit expenses came in at Rs 196.35 crore (up 17.72% YoY). Profit before exceptional items and tax stood at Rs 820.15 crore in Q4 FY26, compared with Rs 680.69 crore in Q4 FY25. The company reported an exceptional loss of Rs 32.34 crore during the quarter due to the impact of labour codes. On a full-year basis, the companys standalone net profit jumped 22.27% to Rs 2,330.18 crore on a 17.31% increase in total income to Rs 12,863.69 crore in FY26 over FY25. Shveta Arya, managing director, Cummins India, said, I am pleased to announce that Cummins India Limited has concluded FY26 with record revenue and profitability. Our ability to leverage a globally integrated supply chain and agile operating framework has enabled us to effectively meet strong customer demand in both the domestic and export markets. We continue steadfast execution of our profitable growth strategy by leveraging scale, enhancing operational efficiencies and maintaining cost discipline. Indias macroeconomic environment continues to demonstrate resilience, supported by government initiatives and consistent economic activity. Rising crude oil and commodity prices, along with persistent global geopolitical uncertainties, remain closely monitored challenges. On its outlook, the company stated, "Domestic demand remains steady, supported by continued investments and capital expenditures across key sectors. While the export environment faces some near-term pressures, the company is hopeful about improved stability and growth in the medium to long term. Geopolitical developments are closely monitored, and stronger collaboration with trade partners is expected to maintain supply chain resilience. The company is focused on disciplined execution, prudent capital allocation, and effective cost management, underpinned by a strong balance sheet and healthy cash position. Delivering value to customers and shareholders remains central, enabled by trusted technology, skilled talent, a strong brand, fit-for-market offerings, advanced manufacturing, and an extensive distribution and service network. Meanwhile, the companys board recommended a final dividend of Rs 46 per equity share of face value Rs 2 each (2,300%) for FY26, in addition to the interim dividend of Rs 20 per equity share declared on 4 February 2026. The final dividend, if approved by shareholders at the ensuing Annual General Meeting (AGM), will be paid on or before 4 September 2026. The company has fixed Friday, 17 July 2026, as the record date for determining shareholders eligible to receive the final dividend. Cummins India is one of the leading manufacturers of diesel and natural gas engines in India. As one of the seven legal entities under the Cummins Group in the country, the company operates through three core business units: Engine, Power Systems and Distribution. Shares of Cummins India surged 11.09% to close at Rs 6,022.85 on the BSE. First Published: May 27 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank of India's (RBI's) USD/INR buy/sell swap auction on Tuesday received robust responses with nearly twice subscriptions than the notified amount. The central bank received bids worth USD 9.80 billion, but accepted just USD 5 billion for a cut-off premium of 910 paise, according to the RBI's release. The notified amount of the auction was USD 5 billion. The release said the RBI received 254 bids at the auction and accepted 144 bids. The bid-to-cover ratio stood at 1.96. First Published: May 27 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: May 27 2026 | 4:45 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India VIX tanked 7.12% to 14.98. In the cash market, the Nifty 50 index shed 6.55 points or 0.03% to 23,907.15. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slumped 7.12% to 14.98. Coal India, HDFC Bank (India) and ICICI Bank were the top-traded individual stock futures contracts in the F&O segment of the NSE. The June 2026 F&O contracts will expire on 30 April 2026. First Published: May 27 2026 | 4:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 8.92% to Rs 485.86 crore For the full year,net profit declined 1.64% to Rs 140.88 crore in the year ended March 2026 as against Rs 143.23 crore during the previous year ended March 2025. Sales rose 9.06% to Rs 2043.56 crore in the year ended March 2026 as against Rs 1873.88 crore during the previous year ended March 2025. First Published: May 27 2026 | 4:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 6.95% to Rs 346.67 crore For the full year,net profit rose 16.54% to Rs 140.45 crore in the year ended March 2026 as against Rs 120.52 crore during the previous year ended March 2025. Sales declined 0.79% to Rs 1393.12 crore in the year ended March 2026 as against Rs 1404.17 crore during the previous year ended March 2025. First Published: May 27 2026 | 4:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 7.17% to Rs 9913.56 crore For the full year,net profit rose 30.01% to Rs 9662.37 crore in the year ended March 2026 as against Rs 7431.84 crore during the previous year ended March 2025. Sales rose 8.26% to Rs 39743.31 crore in the year ended March 2026 as against Rs 36711.83 crore during the previous year ended March 2025. First Published: May 27 2026 | 4:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 18.14% to Rs 234.60 crore For the full year,net profit rose 45.77% to Rs 170.59 crore in the year ended March 2026 as against Rs 117.03 crore during the previous year ended March 2025. Sales rose 25.08% to Rs 976.86 crore in the year ended March 2026 as against Rs 780.98 crore during the previous year ended March 2025. First Published: May 27 2026 | 4:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 1.35% to Rs 8.03 crore For the full year,net loss reported to Rs 2.98 crore in the year ended March 2026 as against net loss of Rs 1.66 crore during the previous year ended March 2025. Sales rose 19.73% to Rs 34.35 crore in the year ended March 2026 as against Rs 28.69 crore during the previous year ended March 2025. First Published: May 27 2026 | 4:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 24.84% to Rs 117.24 crore For the full year,net profit rose 59.64% to Rs 15.90 crore in the year ended March 2026 as against Rs 9.96 crore during the previous year ended March 2025. Sales rose 37.89% to Rs 524.72 crore in the year ended March 2026 as against Rs 380.53 crore during the previous year ended March 2025. First Published: May 27 2026 | 4:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 11.66% to Rs 401.69 crore For the full year,net profit declined 32.37% to Rs 27.02 crore in the year ended March 2026 as against Rs 39.95 crore during the previous year ended March 2025. Sales declined 4.37% to Rs 1432.43 crore in the year ended March 2026 as against Rs 1497.95 crore during the previous year ended March 2025. First Published: May 27 2026 | 4:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 29.85% to Rs 39.72 crore For the full year,net profit rose 16.13% to Rs 0.72 crore in the year ended March 2026 as against Rs 0.62 crore during the previous year ended March 2025. Sales declined 4.08% to Rs 114.42 crore in the year ended March 2026 as against Rs 119.29 crore during the previous year ended March 2025. First Published: May 27 2026 | 4:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 9.51% to Rs 82.87 crore For the full year,net profit declined 15.34% to Rs 10.21 crore in the year ended March 2026 as against Rs 12.06 crore during the previous year ended March 2025. Sales rose 5.52% to Rs 340.52 crore in the year ended March 2026 as against Rs 322.71 crore during the previous year ended March 2025. First Published: May 27 2026 | 4:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zee Entertainment Enterprises surged 10.76% to Rs 91.79 after the company announced the launch of its sports broadcasting venture, Unite8 Sports, aimed at strengthening its footprint across the sports media and broadcasting ecosystem. The company said that, as part of its strategy to strengthen its sports content portfolio, it is in discussions with Fation Internationale de Football Association (FIFA) to secure broadcasting and streaming rights for the FIFA World Cup 2026 matches in India. Bavesh Janavlekar, who has successfully managed the Marathi movies cluster (linear and studio business) of the company, will assume additional charge as chief business officer of Unite8 Sports channels. Bavesh Janavlekar, chief business officer Unite8 Sports, Zee Entertainment Enterprises, said, In a vast country like India, there is rising demand for sports which are global in appeal yet rooted within the heartland. Sports consumption across the country is accelerating rapidly, driven by an increasing demand for live, appointment-based content and rising audience affinity for multiple sporting formats. Building a robust presence in the linear ecosystem with four channels aligns with our broader strategy of diversifying the content portfolio and building scalable, value-accretive businesses that capitalize on emerging growth opportunities. Zee Entertainment Enterprises (ZEEL) is a media & entertainment company offering entertainment content to diverse audiences. It is present across broadcasting, movies, music, digital, live entertainment, and theater businesses, both within India and overseas. The company reported a consolidated net loss of Rs 103.69 crore in Q4 FY26, compared with a net profit of Rs 188.39 crore in the same period last year. Total income declined 5.36% year-on-year to Rs 2,101.1 crore during the quarter. First Published: May 27 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: May 27 2026 | 3:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Great Eastern Shipping Company Ltd, Ion Exchange (India) Ltd, Easy Trip Planners Ltd and Poly Medicure Ltd are among the other losers in the BSE's 'A' group today, 27 May 2026. Great Eastern Shipping Company Ltd, Ion Exchange (India) Ltd, Easy Trip Planners Ltd and Poly Medicure Ltd are among the other losers in the BSE's 'A' group today, 27 May 2026. Techno Electric & Engineering Company Ltd crashed 10.06% to Rs 1080.5 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.39 lakh shares were traded on the counter so far as against the average daily volumes of 26518 shares in the past one month. Great Eastern Shipping Company Ltd tumbled 8.25% to Rs 1514.6. The stock was the second biggest loser in 'A' group.On the BSE, 1.34 lakh shares were traded on the counter so far as against the average daily volumes of 2.18 lakh shares in the past one month. Ion Exchange (India) Ltd lost 6.91% to Rs 379.4. The stock was the third biggest loser in 'A' group.On the BSE, 80191 shares were traded on the counter so far as against the average daily volumes of 16104 shares in the past one month. Easy Trip Planners Ltd shed 6.75% to Rs 7.46. The stock was the fourth biggest loser in 'A' group.On the BSE, 51.27 lakh shares were traded on the counter so far as against the average daily volumes of 14.32 lakh shares in the past one month. Poly Medicure Ltd slipped 6.05% to Rs 1352.7. The stock was the fifth biggest loser in 'A' group.On the BSE, 38933 shares were traded on the counter so far as against the average daily volumes of 9994 shares in the past one month. First Published: May 27 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Advait Energy Transitions advanced 1.90% to Rs 2,112.25 after the company's consolidated net profit surged 55.68% to Rs 17.67 crore in Q4 FY26 compared with Rs 11.35 crore posted in Q4 FY25. Profit before tax soared 46.04% to Rs 26.93 crore in the fourth quarter of FY26, compared to Rs 18.44 crore reported in the same period last year. Total expenses jumped 14.67% to Rs 204.46 crore in Q4 FY26 as compared with Rs 178.30 crore in Q4 FY25. The cost of material consumed stood at Rs 113.59 crore (up 150.14% YoY), and employee benefits expense was at Rs 5.34 crore (down 55.69% YoY) during the period under review. On a full-year basis, the companys consolidated net profit jumped 67.22% to Rs 51.72 crore on a 79.68% surge in revenue to Rs 714.52 crore in FY26 over FY25. Meanwhile, the companys board recommended a dividend of Rs 2 per equity share of face value Rs 10 each for the financial year ended 31 March 2026. Advait Energy Transitions is engaged in providing products and solutions for power transmission, substation, telecommunication, and renewable energy infrastructure sectors. The company also undertakes EPC and turnkey projects related to power transmission and telecom infrastructure. First Published: May 27 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Life Insurance Corporation of India (LIC) declined 3.32% to Rs 826.80 after media reports indicated that the government is likely to divest a 2% stake in the state-run insurer through an institutional placement in late June or early July. According to media reports, the proposed stake sale could help the government raise up to Rs 10,000 crore (around $1 billion). In May 2022, the government had offloaded a 3.5% stake in LIC through its IPO, garnering about Rs 21,000 crore. The shares were issued at a price of Rs 949 apiece. Life Insurance Corporation of India is engaged in the business of life insurance in and outside India. It offers a range of individual and group insurance solutions including participating, non-participating and unit linked business. The portfolio comprises of various insurance and investment products such as protection, pension, savings, investment, annuity, health, variable and CRAC. The company reported 23.3% rise in consolidated net profit to Rs 23,467.18 crore in Q4 FY26 from Rs 19,038.67 crore in Q4 FY25. the company reported 23.3% rise in consolidated net profit to Rs 23,467.18 crore in Q4 FY26 from Rs 19,038.67 crore in Q4 FY25. First Published: May 27 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Company had earlier undertaken the implementation of the Secure OPS Network for Indian defence forces under a project awarded by RailTel. The Company has successfully completed the design, supply, installation, and commissioning of one central data centre and 120 mini data centres at Indian defence establishments across the Country. The scope of the project included establishment of a secure defence communication network comprising hardware, software, and data centre infrastructure, along with AI-enabled network security, and was executed in accordance with the stipulated contractual requirements and prescribed technical and security specifications. Post completion of the warranty period, RailTel has now issued the aforesaid purchase order for undertaking the AMC of the project. Under this AMC contract, the Company will provide end-to-end maintenance support services aimed at ensuring high availability, reliability, and security of the network infrastructure supporting critical defence communication operations. The scope of work includes preventive and corrective maintenance, network monitoring, incident management, performance optimization, and 24x7 technical support services. First Published: May 27 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KSH International share price touched a record high on Wednesday. First Published: May 27 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty traded below the 23,900 level. Financial Services shares extended losses for second consecutive trading session. At 14:28 IST, the barometer index, the S&P BSE Sensex, declined 152.71 points or 0.20% to 75,856.99. The Nifty 50 index fell 37.40 points or 0.15% to 23,879.05. The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.55% and the BSE 250 SmallCap Index jumped 0.43%. The market breadth was positive. On the BSE, 2,165 shares rose and 1,965 shares fell. A total of 210 shares were unchanged. Buzzing Index: The Nifty Financial Services index fell 0.56% to 25,788.30. The index declined 1.20% in the two consecutive trading session. Max Financial Services (down 2.71%), HDFC Bank (down 2.5%), BSE (down 1.28%), HDFC Life Insurance Company (down 1.24%), SBI Life Insurance Company (down 0.99%), SBI Cards & Payment Services (down 0.8%), ICICI Bank (down 0.66%), Muthoot Finance (down 0.58%), Power Finance Corporation (down 0.47%) and ICICI Lombard General Insurance Company (down 0.23%) fell. On the other hand, LIC Housing Finance (up 2.34%) ,Cholamandalam Investment & Finance Company (up 0.78%) and Jio Financial Services (up 0.76%) added. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.04% to 6.999 compared with previous session close of 6.996. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.7550 compared with its close of 95.7050 during the previous trading session. MCX Gold futures for 5 June 2026 settlement fell 0.31% to Rs 157,121. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.05% to 99.10. The United States 10-year bond yield fell 0.62% to 4.464. In the commodities market, Brent crude for July 2026 settlement fell $3.22 or 3.23% to $96.36 a barrel. Stocks in Spotlight: Gillette India advanced 6.07% after it reported a 21.31% jump in standalone net profit to Rs 192.51 crore on a 3.19% rise in revenue from operations to Rs 792 crore in Q4 FY26 over Q4 FY25. Brainbees Solutions fell 3.72% after it has reported a consolidated net loss of Rs 30.31 crore in Q4 FY26, which is significantly lower as compared with net loss figure of Rs 76.74 crore recorded in Q4 FY25. Revenue for the period under review rose by 12% year-on-year (YoY) to Rs 2162.67 crore during the period under review. First Published: May 27 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Transpek Industry Ltd, Aequs Ltd, Scoda Tubes Ltd and Insolation Energy Ltd are among the other losers in the BSE's 'B' group today, 27 May 2026. Transpek Industry Ltd, Aequs Ltd, Scoda Tubes Ltd and Insolation Energy Ltd are among the other losers in the BSE's 'B' group today, 27 May 2026. Carraro India Ltd crashed 10.56% to Rs 543.65 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 1.41 lakh shares were traded on the counter so far as against the average daily volumes of 5827 shares in the past one month. Transpek Industry Ltd lost 10.06% to Rs 1078.7. The stock was the second biggest loser in 'B' group.On the BSE, 8375 shares were traded on the counter so far as against the average daily volumes of 587 shares in the past one month. Aequs Ltd tumbled 10.00% to Rs 190.45. The stock was the third biggest loser in 'B' group.On the BSE, 3.33 lakh shares were traded on the counter so far as against the average daily volumes of 2.54 lakh shares in the past one month. Scoda Tubes Ltd plummeted 9.94% to Rs 124.6. The stock was the fourth biggest loser in 'B' group.On the BSE, 61931 shares were traded on the counter so far as against the average daily volumes of 16536 shares in the past one month. Insolation Energy Ltd corrected 9.46% to Rs 121.5. The stock was the fifth biggest loser in 'B' group.On the BSE, 3.87 lakh shares were traded on the counter so far as against the average daily volumes of 1.76 lakh shares in the past one month. First Published: May 27 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kilburn Engineering reported a 21.80% rise in consolidated net profit to Rs 24.86 crore in the fourth quarter ended 31 March 2026, compared with Rs 20.41 crore posted in the corresponding quarter last year. Profit before tax (PBT) increased 26.01% to Rs 37.06 crore during the quarter from Rs 29.41 crore reported in Q4 FY25. The companys operating EBITDA rose 17.5% to Rs 35.22 crore in Q4 FY26 from Rs 29.97 crore a year ago. However, EBITDA margin declined to 25.14% compared with 29.05% in the year-ago period. For the full financial year FY26, Kilburn Engineering reported a 54.43% increase in consolidated net profit to Rs 96.20 crore, while revenue from operations climbed 48.14% year-on-year to Rs 628.80 crore. Amritanshu Khaitan, Chairman, said, FY26 was a transformational year for Kilburn Engineering as consolidated revenue, EBITDA and PAT grew by 48%, 54% and 54% respectively during the year. We also successfully integrated both M.E. Energy and Monga Strayfield into the broader group, strengthening our consolidated positioning across multiple industrial segments. These integrations have significantly enhanced our ability to offer end-to-end solutions across process equipment, energy systems and RF drying technologies, while also improving our market reach and execution capabilities. Going forward, the Group remains focused on converting its strong enquiry pipeline into order conversion and inflows while continuing to build long-term manufacturing and engineering capabilities across the organisation. Ranjit Lala, managing director, said, FY26 was a strong year operationally as we continued to strengthen execution capabilities and scale manufacturing infrastructure across the Group. During the year, significant progress was made towards expanding capacities and building engineering capabilities to support future growth across both existing and new industry segments. The company is also seeing increasing opportunities across sectors including ferrous alloys, recycling of metals, energy systems and process industries, which are expected to contribute meaningfully to future growth and order inflows. We remain focused on building the manufacturing and operational capabilities required to support our FY28 growth objectives, including higher execution volumes, larger project handling capabilities and improved delivery efficiencies. Kilburn Engineering is primarily engaged in designing, manufacturing and commissioning customized equipment / systems for critical applications in several industrial sectors, viz., chemical, including Soda Ash, Carbon Black, Steel, Nuclear Power, petrochemical, food processing, etc. The scrip slipped 0.09% to Rs 537.05 on the BSE. First Published: May 27 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 0.33% to Rs 73.26 crore For the full year,net profit declined 39.66% to Rs 10.24 crore in the year ended March 2026 as against Rs 16.97 crore during the previous year ended March 2025. Sales rose 11.83% to Rs 278.87 crore in the year ended March 2026 as against Rs 249.37 crore during the previous year ended March 2025. First Published: May 27 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 3.94% to Rs 1831.45 crore For the full year,net profit rose 23.56% to Rs 403.59 crore in the year ended March 2026 as against Rs 326.63 crore during the previous year ended March 2025. Sales rose 30.08% to Rs 6779.95 crore in the year ended March 2026 as against Rs 5212.24 crore during the previous year ended March 2025. First Published: May 27 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 1289.66% to Rs 8.06 crore For the full year,net loss reported to Rs 1.40 crore in the year ended March 2026 as against net loss of Rs 0.77 crore during the previous year ended March 2025. Sales declined 70.58% to Rs 14.44 crore in the year ended March 2026 as against Rs 49.08 crore during the previous year ended March 2025. First Published: May 27 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 73.52% to Rs 5.69 crore For the full year,net profit declined 8.00% to Rs 0.23 crore in the year ended March 2026 as against Rs 0.25 crore during the previous year ended March 2025. Sales declined 53.77% to Rs 9.94 crore in the year ended March 2026 as against Rs 21.50 crore during the previous year ended March 2025. First Published: May 27 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 27 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 37.17% to Rs 16.48 crore For the full year,net profit rose 72.80% to Rs 92.31 crore in the year ended March 2026 as against Rs 53.42 crore during the previous year ended March 2025. Sales rose 60.32% to Rs 120.96 crore in the year ended March 2026 as against Rs 75.45 crore during the previous year ended March 2025. First Published: May 27 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 2.10% to Rs 924.80 crore For the full year,net profit rose 16.38% to Rs 138.81 crore in the year ended March 2026 as against Rs 119.27 crore during the previous year ended March 2025. Sales rose 12.20% to Rs 3620.09 crore in the year ended March 2026 as against Rs 3226.58 crore during the previous year ended March 2025. First Published: May 27 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 47.17% to Rs 12.50 crore For the full year,net profit declined 34.68% to Rs 6.78 crore in the year ended March 2026 as against Rs 10.38 crore during the previous year ended March 2025. Sales declined 13.01% to Rs 107.71 crore in the year ended March 2026 as against Rs 123.82 crore during the previous year ended March 2025. First Published: May 27 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gillette India advanced 5.29% to Rs 8,314.65 after it reported a 21.31% jump in standalone net profit to Rs 192.51 crore on a 3.19% rise in revenue from operations to Rs 792 crore in Q4 FY26 over Q4 FY25. Profit before tax stood at Rs 260.05 crore in Q4 FY26, up 23.97% as against Rs 209.76 crore in Q4 FY25. During the quarter, the company's revenue from grooming was at Rs 653.26 crore (up 1.34% YoY), and revenue from oral care stood at Rs 137.74 crore (up 12.88% YoY). For the fiscal year ended March 31, 2026, the company reported sales of Rs 3,100 crore, up 8% over the corresponding period last year, driven by a robust portfolio, superior execution and a consistent pipeline of innovation to better serve Indian consumers. Profit after tax (PAT) for the fiscal stood at Rs 654 crore, up 23% over the corresponding period last year, supported by productivity gains and efficiency across all cost vectors. The company noted that, effective last year, it changed its financial year from JulyJune to AprilMarch. As a result, the previous financial year covered a nine-month period from July 1, 2024 to March 31, 2025. Performance has therefore been benchmarked against a comparable 12-month period from April 1, 2024 to March 31, 2025 and is not strictly comparable with the nine-month period. V Kumar, Managing Director, Gillette India, said, Gillette India continued to deliver strong topline and bottomline performance during the fiscal year, led by sustained growth in its grooming category. He added that consistent results over the years reflect disciplined execution of the companys integrated growth strategy, anchored in a focused portfolio of daily-use categories where product performance drives brand choice, along with superiority across product performance, packaging, brand communication, retail execution and value, productivity, constructive disruption, and an agile and accountable organisation. The integrated approach continues to strengthen the companys ability to serve consumers, grow categories and create long-term stakeholder value. As the company enters the new fiscal year, it remains confident that continued disciplined execution of this strategy will enable sustainable and balanced long-term growth. Throughout the fiscal year, the company continued to delight Indian consumers and drive category growth through a sustained stream of innovation led by its key brands. During the year, it introduced Gillette Guard 3-in-1, a significant upgrade in mens grooming designed to deliver the performance of a 3-blade shave at an accessible price point. In the oral care segment, Oral-B launched a new line of kids battery toothbrushes featuring popular characters. Oral-B also expanded its manual oral care portfolio with a range of sensitive toothbrushes, significantly broadening access to sensitive oral care products for consumers. During the year, the company continued to contribute to the flagship CSR programme of the P&G group, P&G Shiksha, reaffirming its commitment to positively impacting the communities it serves and operates in. Since 2005, P&G Shiksha has supported thousands of schools and communities across the country, impacting over 1 crore children from underserved areas. The board of directors has recommended a final dividend of Rs 60 per equity share for the financial year ended March 31, 2026, subject to shareholders approval at the ensuing 42nd Annual General Meeting (AGM). Including the interim dividend of Rs 180 per share (comprising a one-time special dividend of Rs 60 per equity share), the total dividend payout for the fiscal will stand at Rs 240 per share, subject to shareholder approval. Gillette India is engaged in the manufacturing and sale of branded packaged fast-moving consumer goods in the grooming, portable power, and oral care businesses. First Published: May 27 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 27 2026 | 2:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Multibagger stock: HFCL jumps 9% on ?135 crore order win First Published: May 27 2026 | 1:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 27 2026 | 1:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Speaking at an event in Mumbai on Tuesday, Pandey said SEBI is also exploring a separate regulatory classification for debt brokers to reduce costs and encourage specialised intermediaries in the bond market. He added that SEBI is examining a pilot project for tokenisation of corporate bonds to enable faster settlement, improved traceability, automated servicing and greater transparency in the debt market. Pandey said Indias corporate bond market has expanded significantly, with outstanding corporate bonds rising from around Rs 17.5 lakh crore at the end of FY16 to over Rs 59 lakh crore currently. In FY26, debt issuers mobilised around Rs 9.1 trillion, nearly double the amount raised through equity issuances. However, he noted that retail participation in corporate bonds remains low. According to a SEBI investor survey, awareness of corporate bonds stands at just 10%, while household penetration remains below 1%. Pandey also said SEBI is reviewing the municipal debt framework to support pooled financing for municipal bodies and improve retail participation in municipal bonds. He added that the future of Indias bond market lies in reforms spanning market-making, municipal bonds, securitisation, bond indices, derivatives, tokenisation and investor education. According to a report, Indias bond market remains largely dominated by government securities, with general government debt securities accounting for 55.4% of the countrys GDP. First Published: May 27 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aequs tumbled 9.42% to Rs 191.77 after the company reported consolidated net loss of Rs 53.72 crore in Q4 FY26 compared with net profit of Rs 8.92 crore in Q4 FY25. The company reported a pre-tax loss of Rs 33.27 crore in Q4 FY26 compared with pre-tax profit of Rs 5.87 crore in Q4 FY25. EBITDA fell 23% YoY to Rs 321 crore in Q4 FY26 from Rs 416 crore in Q4 FY25. EBITDA margin narrowed to 9% in Q4 FY26 compared with 17% in Q4 FY25, mainly due to commencement of commercial operations in consumer electronics in Q3, resulting in full operating costs being charged to the P&L while utilisation remained low. During the quarter, revenue from aerospace segment grew 29% YoY to Rs 3,040 crore while the consumer segment recorded a sharp 374.44% YoY growth to Rs 631 crore. On annual basis, the company reported consolidated net loss of Rs 113.25 crore in FY26 compared with net profit of Rs 102.34 crore in FY25. Revenue from operations jumped 33.08% to Rs 1,230.43 crore in FY26 from Rs 924.60 crore in previous fiscal. Aravind Melligeri, executive chairman and chief executive officer, Aequs, said, Our aerospace segment, backed by a strong orderbook of $889 million continued its steady growth, while our consumer segment posted 84% YoY growth as programs scale up, move into full production and revenue recognition. This year, we made significant strides in laying the foundation for our next phase of growth by signing MoUs with the Government s of Tamil Nadu and Karnataka for large- scale investments in both aerospace and consumer segments reinforcing our long- term commitment to manufacturing in India. With this we are deepening our manufacturing presence across key geographies, strengthening our capabilities, and advancing our aerospace portfolio toward higher margins and more complex programs. Aequs operates a unique ecosystem with co -located capabilities spanning forging, precision machining, surface treatment, and assembly, enabling end - to-end manufacturing of complex, high-precision components. Alongside aerospace, the company operates a diversified consumer manufacturing ecosystem spanning consumer electronics, plastics and durables, leveraging its advanced engineering, tooling, and large- scale manufacturing capabilities to serve leading global brands. First Published: May 27 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 27 2026 | 1:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Power, energy, metals, data centres and quick commerce emerge as the biggest FY27 investment themes, says ICICI Securities| Illustration: Binay Sinha First Published: May 27 2026 | 1:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HFCL jumped 8% to Rs 174.75 after the company announced that it had received a purchase order worth Rs 135.09 crore from RailTel Corporation of India, a Government of India undertaking under the Ministry of Railways. According to the company, the AMC will be executed over a five-year period ending in January 2031. HFCL also clarified that neither its promoters nor promoter group entities have any interest in the awarding authority and that the contract does not constitute a related-party transaction. HFCL stated that it had previously executed the implementation of the Secure OPS Network project for Indian defence forces under a contract awarded by RailTel. As part of the project, the company successfully completed the design, supply, installation, and commissioning of one central data centre and 120 mini data centres across defence establishments nationwide. The original project involved the establishment of a secure defence communication network comprising hardware, software, and data centre infrastructure, along with AI-enabled network security systems. The company said the project was executed in line with prescribed contractual, technical, and security requirements. Following the completion of the warranty period, RailTel has now awarded HFCL the AMC contract to provide end-to-end maintenance support services aimed at ensuring the availability, reliability, and security of the network infrastructure supporting critical defence communication operations. The scope of the AMC includes preventive and corrective maintenance, network monitoring, incident management, performance optimisation, and 24x7 technical support services. HFCL is a diversified telecom infrastructure enabler with businesses spanning telecom infrastructure development, system integration, and the manufacture and supply of high-end telecom equipment, optical fiber, and optical fiber cables (OFC). On a consolidated basis, HFCL reported net profit of Rs 178.50 crore in Q4 March 2026 as against net loss of Rs 81.43 crore in Q4 March 2025. Net sales surged 127.81% YoY to Rs 1824.12 crore in Q4 March 2026. RailTel Corporation of India was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways. The companys standalone net profit jumped 35.7% to Rs 143.52 crore in Q4 FY26, compared with Rs 105.78 crore in Q4 FY25. Revenue from operations rose 27.6% YoY to Rs 1,668.86 crore in Q4 FY26. The counter rose 0.20% to Rs 325 on the BSE. First Published: May 27 2026 | 1:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Laurus Labs Ltd is quoting at Rs 1389.5, up 1.14% on the day as on 12:49 IST on the NSE. The stock is up 127.6% in last one year as compared to a 3.32% fall in NIFTY and a 15.48% fall in the Nifty Pharma index. Laurus Labs Ltd rose for a third straight session today. The stock is quoting at Rs 1389.5, up 1.14% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.07% on the day, quoting at 23930.5. The Sensex is at 75999.31, down 0.01%. Laurus Labs Ltd has added around 27.42% in last one month. Meanwhile, Nifty Pharma index of which Laurus Labs Ltd is a constituent, has added around 6.68% in last one month and is currently quoting at 24659.2, up 0.19% on the day. The volume in the stock stood at 9.51 lakh shares today, compared to the daily average of 25.19 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1396.3, up 1.11% on the day. Laurus Labs Ltd is up 127.6% in last one year as compared to a 3.32% fall in NIFTY and a 15.48% fall in the Nifty Pharma index. The PE of the stock is 100.13 based on TTM earnings ending March 26. First Published: May 27 2026 | 1:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wockhardt Ltd is quoting at Rs 1739.5, up 2.31% on the day as on 12:49 IST on the NSE. The stock is up 30.09% in last one year as compared to a 3.32% spurt in NIFTY and a 15.48% spurt in the Nifty Pharma index. Wockhardt Ltd gained for a third straight session today. The stock is quoting at Rs 1739.5, up 2.31% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.07% on the day, quoting at 23930.5. The Sensex is at 75999.31, down 0.01%. Wockhardt Ltd has risen around 22.73% in last one month. Meanwhile, Nifty Pharma index of which Wockhardt Ltd is a constituent, has risen around 6.68% in last one month and is currently quoting at 24659.2, up 0.19% on the day. The volume in the stock stood at 12 lakh shares today, compared to the daily average of 31.15 lakh shares in last one month. The PE of the stock is 94.82 based on TTM earnings ending March 26. First Published: May 27 2026 | 1:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NMDC Ltd is quoting at Rs 91.85, up 1.3% on the day as on 12:49 IST on the NSE. The stock is up 29.62% in last one year as compared to a 3.32% drop in NIFTY and a 48.47% drop in the Nifty Metal index. NMDC Ltd is up for a third straight session in a row. The stock is quoting at Rs 91.85, up 1.3% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.07% on the day, quoting at 23930.5. The Sensex is at 75999.31, down 0.01%. NMDC Ltd has risen around 1.05% in last one month. Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has risen around 5.15% in last one month and is currently quoting at 13492.55, up 1.67% on the day. The volume in the stock stood at 176.56 lakh shares today, compared to the daily average of 199.46 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 92.33, up 1.06% on the day. NMDC Ltd is up 29.62% in last one year as compared to a 3.32% drop in NIFTY and a 48.47% drop in the Nifty Metal index. The PE of the stock is 11.56 based on TTM earnings ending December 25. First Published: May 27 2026 | 1:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 27 2026 | 12:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Transport Corporation of India rose 1.10% to Rs 910 after the company reported an 8.2% rise in consolidated net profit to Rs 124.5 crore on a 12.3% increase in net sales to Rs 1,323.8 crore in Q4 FY26 over Q4 FY25. Total expense jumped 12.02% year on year to Rs 1,223 crore during the quarter. Employee benefits expense was at Rs 65.7 crore (up 6.14% YoY), while other expenses stood at Rs 54.6 crore (up 21.33% YoY) during the period under review. Vineet Agarwal, managing director of Transport Corporation of India, said, Q4 FY2026 reflected TCIs steady execution and disciplined operations in a dynamic business environment. Our diversified portfolio, integrated multimodal capabilities and customer-led approach continued to strengthen our market position. TCI saw healthy traction across warehousing, multimodal movement, and sector-specific logistics solutions, with our 3PL, cold chain, and warehousing offerings serving customers across FMCG, consumer durables, renewables, e-commerce, and quick commerce. Momentum across rail, road and coastal shipping, supported by continued investments in warehouses, hubs, trucks, and railcar carriers, is strengthening our long-term capabilities, alongside our exploration of EV trucks to advance greener logistics. Looking ahead, we remain focused on leveraging our investments in technology, multimodal infrastructure, green logistics and strategic partnerships to create enduring value for our customers, communities and shareholders. Transport Corporation of India (TCI) is engaged in integrated multimodal logistics and supply chain solutions, including road, rail and coastal transportation; warehousing; cold chain logistics and freight management services. First Published: May 27 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Suryalata Spinning Mills Ltd, Coffee Day Enterprises Ltd, BSL Ltd and New Delhi Television Ltd are among the other gainers in the BSE's 'B' group today, 27 May 2026. Suryalata Spinning Mills Ltd, Coffee Day Enterprises Ltd, BSL Ltd and New Delhi Television Ltd are among the other gainers in the BSE's 'B' group today, 27 May 2026. Alkali Metals Ltd soared 20.00% to Rs 89.46 at 11:59 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 19993 shares were traded on the counter so far as against the average daily volumes of 1317 shares in the past one month. Suryalata Spinning Mills Ltd surged 19.99% to Rs 473.2. The stock was the second biggest gainer in 'B' group. On the BSE, 26842 shares were traded on the counter so far as against the average daily volumes of 437 shares in the past one month. Coffee Day Enterprises Ltd spiked 19.22% to Rs 30.46. The stock was the third biggest gainer in 'B' group. On the BSE, 21.78 lakh shares were traded on the counter so far as against the average daily volumes of 78242 shares in the past one month. BSL Ltd exploded 15.59% to Rs 140.5. The stock was the fourth biggest gainer in 'B' group. On the BSE, 10695 shares were traded on the counter so far as against the average daily volumes of 371 shares in the past one month. New Delhi Television Ltd spurt 14.28% to Rs 89.94. The stock was the fifth biggest gainer in 'B' group. On the BSE, 87420 shares were traded on the counter so far as against the average daily volumes of 22802 shares in the past one month. First Published: May 27 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ion Exchange India tumbled 5.69% to Rs 384.35 after the company reported 61.9% drop in consolidated net profit to Rs 24.14 crore in Q4 FY26 from Rs 63.35 crore in Q4 FY25. Revenue for the period under review rose by 3.4% year-on-year (YoY) to Rs 863.27 crore during the period under review. Total operating expenditure increased by 12.6% to Rs 843.53 crore in Q4 FY26 over Q4 FY25. Interest cost and deprication charges were Rs 10.79 crore (up 3x YoY) and Rs 19.60 crore (up 65.7% YoY), respectively. Profit before tax in Q4 FY26 stood at Rs 32.48 crore, down by 61.9% from Rs 85.14 crore in Q4 FY25. For FY26, Sanstar has recorded consolidated net profit and revenue of Rs 142.67 crore (down 31.3% YoY) and Rs 2,914.84 crore (up 6.5% YoY), respectively. Ion Exchange India operates in three key segmentsengineering, chemical and consumer productsand has six factories in five states. The engineering segment plans and executes orders for installation of large and medium-sized water and effluent treatment plants. The chemicals division manufactures ion-exchange resins and industrial chemicals and sells them in India, North America, Middle East, Europe and Southeast Asia. The consumer products segment offers a range of water-care products for homes, institutions and communities to provide pure & safe drinking water under Zero-B brand and sustainable waste management. First Published: May 27 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
AIA Engineering share price rose 9% on strong Q4 results. First Published: May 27 2026 | 12:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GPT Infraprojects rose 1.02% to Rs 118.85 after the company announced that it had secured an order worth Rs 72 crore from the Principal Chief Materials Manager (PCMM), Eastern Railway. The company stated that neither its promoters nor promoter group entities have any interest in the awarding authority, adding that the transaction does not qualify as a related-party transaction. GPT Infraprojects is the flagship company of the GPT Group and is a premier infrastructure company based out of Kolkata. The company operates through two business divisions-infrastructure and sleepers. It is engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for railways. In the sleeper segment, the company manufactures and supplies concrete sleepers for railways in India and Africa. The company reported a 31.5% surge in consolidated net profit to Rs 31.88 crore in Q4 FY26, compared with Rs 24.24 crore in Q4 FY25. Revenue from operations rose 8.9% year-on-year to Rs 414.68 crore in the quarter ended 31 March 2026. First Published: May 27 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 27 2026 | 12:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Delta Corp Ltd, Procter & Gamble Health Ltd, Refex Industries Ltd and Adani Total Gas Ltd are among the other gainers in the BSE's 'A' group today, 27 May 2026. Delta Corp Ltd, Procter & Gamble Health Ltd, Refex Industries Ltd and Adani Total Gas Ltd are among the other gainers in the BSE's 'A' group today, 27 May 2026. Jaiprakash Power Ventures Ltd soared 16.98% to Rs 22.39 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 536.22 lakh shares were traded on the counter so far as against the average daily volumes of 134.66 lakh shares in the past one month. Delta Corp Ltd surged 11.37% to Rs 82.6. The stock was the second biggest gainer in 'A' group. On the BSE, 11.07 lakh shares were traded on the counter so far as against the average daily volumes of 2 lakh shares in the past one month. Procter & Gamble Health Ltd spiked 10.96% to Rs 6270.9. The stock was the third biggest gainer in 'A' group. On the BSE, 18250 shares were traded on the counter so far as against the average daily volumes of 1622 shares in the past one month. Refex Industries Ltd jumped 9.39% to Rs 322.6. The stock was the fourth biggest gainer in 'A' group. On the BSE, 3.45 lakh shares were traded on the counter so far as against the average daily volumes of 91605 shares in the past one month. Adani Total Gas Ltd gained 8.71% to Rs 775.05. The stock was the fifth biggest gainer in 'A' group. On the BSE, 15.7 lakh shares were traded on the counter so far as against the average daily volumes of 4.14 lakh shares in the past one month. First Published: May 27 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Coal India fell 1.34% to Rs 452.10 after the Government of India launched an offer for sale (OFS) to divest stake in the state-run coal miner. The base offer comprises 6.16 crore equity shares (1% equity), with an option to additionally sell another 6.16 crore shares under the oversubscription option. This takes the total OFS size to 12.32 crore shares (2% equity) if the greenshoe option is exercised. Out of the total offer, around 5.54 crore shares have been reserved for non-retail investors, while 61.62 lakh shares have been earmarked for retail investors. As of 11:30 AM on 27 May 2026, the non-retail portion of Coal Indias OFS had received bids for 1.11 crore shares, translating into 20.17% subscription against the base non-retail offer size of 5.54 crore shares. The indicative price stood at Rs 413.68 per share. The President of India, acting through the Ministry of Coal, is the selling shareholder. As of March 2026, the government held a 63.13% stake in Coal India. State-run Coal India is mainly engaged in mining and production of coal and also operates coal washeries. The major consumers of the company are the power and steel sectors. Consumers from other sectors include cement, fertilizers, and brick kilns. The company reported a 12.9% jump in consolidated net profit to Rs 10,839.18 crore on 5.75% rise in revenue from operations to Rs 46,490.03 crore in Q4 FY26 over Q4 FY25. First Published: May 27 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gandhar Oil Refinery (India) added 3.50% to Rs 168.19 after the company's consolidated net profit surged 248.59% to Rs 40.68 crore in Q4 FY26 from Rs 11.67 crore in Q4 FY25. Profit before tax (PBT) surged 212.94% to Rs 52.48 crore in Q4 March 2026 compared with Rs 16.77 crore in Q4 March 2025. EBITDA stood at Rs 63.6 crore in Q4 FY26, registering the growth of 87.06% compared with Rs 34 crore posted in Q4 FY25. On full year basis, the companys consolidated net profit climbed 69.09% to Rs 135.37 crore in FY26 compared with Rs 80.06 crore in FY25. Revenue from operations rose 8.83% YoY to Rs 4241.18 crore in FY26. Consolidated manufacturing sales volumes for FY26 stood at 5,45,755 KL, up by 9% from 5,00,231 KL in FY25. Aslesh Parekh, joint managing director said, We delivered a strong close to FY26, supported by sustained momentum in domestic demand and a continued strategic focus on higher-margin PHPO products. This performance was achieved despite a challenging global environment characterized by macroeconomic pressures, ongoing logistical constraints, and volatility arising from the Middle East geopolitical situation, including the temporary closure of the Strait of Hormuz, which led to a sharp increase in oil prices. The PHPO segment continued to be the primary growth driver, contributing 48% of total revenue, driven by strong demand from the personal care and healthcare sectors. Looking ahead, the domestic demand environment remains encouraging. Additionally, the anticipated easing of international logistical constraints, along with stabilizing input costs, is expected to further support business momentum. Gandhar Oil Refinery (India) manufactures wide range of specialty oils and lubricants such as White oils, waxes, jellies, automotive oils, industrial oils, transformer oils and rubber processing oils. The companys products are sold under our flagship brand Divyol. First Published: May 27 2026 | 12:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 27 2026 | 11:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 27 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Timex Group India surged 10.72% to Rs 414.20 after the watchmaker reported a blockbuster set of Q4 FY26 numbers. Revenue from operations jumped 73.69% YoY and 55.99% QoQ to Rs 235.20 crore in the March 2026 quarter. EBITDA stood at Rs 40.40 crore in Q4 FY26, up 167% YoY. EBITDA margin improved sharply to 17.1% from 11.1% in the corresponding quarter last year. PBT stood at Rs 36.58 crore in Q4 FY26, up 662.08% vs Q3 and 180.52% vs Q4 FY25. On the cost front, total expenditure rose 62.71% YoY to Rs 196.93 crore. Raw material costs climbed 81.36% YoY to Rs 92.04 crore, while employee expenses increased 12.23% YoY to Rs 14.77 crore. Interest costs rose 17.60% YoY to Rs 1.47 crore and depreciation expenses edged up 7.59% YoY to Rs 0.85 crore. For the full year ended 31 March 2026, net sales surged 48.41% to Rs 798.59 crore from Rs 538.10 crore in FY25. Profit before tax jumped 138.34% to Rs 101.94 crore, while PAT soared 152.29% to Rs 79.27 crore. The company reported EBITDA of Rs 116 crore for FY26, up 133.4% compared with Rs 49.7 crore in the previous year, while EBITDA margin expanded to 14.5% from 9.2%. During the quarter, the company recognised an additional provision of Rs 2.10 crore and Rs 5.31 crore for FY26 related to the implementation of the four Labour Codes notified by the Government of India. Considering the regulatory-driven and non-recurring nature of the impact, the company classified the expense as an exceptional item. Operating cash flow turned sharply positive at Rs 90.99 crore in FY26 compared with an outflow of Rs 3.15 crore in FY25. The company said e-commerce continued its strong upward trajectory with 158% growth YoY, supported by expansion across leading marketplaces and quick commerce platforms. Trade channel sales grew 52%, while the retail channel recorded a 112% increase during the quarter. Among brands, Timex posted 89% growth, Guess grew 108%, while Versace clocked 100% expansion during the period. Other brands in the portfolio also reported strong double-digit growth. Managing director Deepak Chhabra said the company has fundamentally reshaped the business over the past four years and continues to witness strong traction across fashion and luxury watch segments. He added that Timex Group India remains focused on portfolio expansion, manufacturing scale-up and strengthening consumer relevance through innovation and design. Timex Group India designs, manufactures and markets watches across brands including Timex, Versace, Guess, Aston Martin, Gc, Philipp Plein, Plein Sport, Ferragamo, Nautica and adidas. The company has presence across more than 5,000 offline trade stores, key online marketplaces and over 40 franchise stores under the Just Watches and Timex World formats. First Published: May 27 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 27 2026 | 11:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
AIA Engineering rose 5.57% to Rs 4,359.85 after the company's consolidated net profit rose 37.84% to Rs 393.33 crore in Q4 FY26, compared with Rs 285.35 crore in Q4 FY25. Profit before tax (PBT) stood at Rs 468.45 crore in Q4 FY26, up 29.01% from Rs 363.12 crore reported in the corresponding quarter last year. On a full-year basis, the companys net profit rose 19.7% to Rs 1,268.93 crore in FY26, while revenue from operations increased 3.09% to Rs 4,419.86 crore compared with FY25. The board has recommended a dividend of Rs 16 per equity share (800% of face value Rs 2) for FY26, subject to shareholders approval. AIA Engineering manufactures high-chrome grinding media and mill internals used in crushing and grinding operations for the cement, mining, and power utility industries. First Published: May 27 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Arkade Developers added 1.75% to Rs 124.75 after the company announced that it has acquired the cluster redevelopment rights of 9 societies with a saleable RERA carpet area (CA) of approximately 325,000 square feet in Kandivali, Mumbai. The upcoming development, which will feature premium residences, is located in the upscale neighbourhood of Ashok Nagar, Kandivali East. Spread across over an area of approximately 3 acres, the development has a projected gross development value (GDV) of Rs 1,100 crore. Kandivali East has rapidly emerged as one of Mumbais prominent residential destinations, driven by connectivity via Western Express Highway, suburban rail, and the operational Metro Line 2A. The area also hosts social infrastructure with reputed schools, hospitals, and malls, along with proximity to key commercial hubs in BKC, Malad, Goregaon, and Andheri. Amit Jain, chairman and managing director of Arkade Developers, said: With this new project in Kandivali East, we are delivering a lifestyle experience that reflects our commitment to thoughtful design, sustainability, and community-centric development. This redevelopment rights also reinforces our growth momentum as we continue expanding our footprint across MMR. Arkade Developers is a leading luxury real estate developer in Mumbai. The company has developed over 5.5 million square feet of property, with an additional two-plus million square feet currently under construction. First Published: May 27 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Transrail Lighting declined 5.94% to Rs 488.10 after the company's consolidated net profit declined 24.14% to Rs 96.50 crore on a 3.94% drop in revenue from operations to Rs 1,831.45 crore in Q4 FY26 over Q4 FY25. EBITDA dropped 13% to Rs 207 crore in Q4 FY26 from Rs 237 crore in Q4 FY25. As of 31st March 2026, the unexecuted order book (UEOB), including L1, stood at Rs 16,361 crore, up by 12% Y-o-Y, providing strong revenue visibility for the coming years. For FY26, the companys revenue surged 30% YoY to Rs 6,880 crore, while EBITDA increased 21% YoY to Rs 820 crore. Operating Profit Before Tax stood at Rs 584 crore, up 25% YoY, while Operating Profit After Tax rose 28% YoY to Rs 421 crore. The company reported operating cash flows of Rs 817 crore during FY26, nearly double compared to the previous year, aided by improved working capital efficiency and leverage metrics. The company said it continues to explore opportunities across Power T&D, Railways, Civil, and Pole businesses while maintaining a diversified project portfolio. The board of directors has approved a further capex plan of Rs 203 crore. The companys board recommended a final dividend of Rs 2 per equity share (i.e., 100% of the face value of Rs 2 each) for the financial year ended 31 March 2026, subject to shareholders approval at the ensuing Annual General Meeting (AGM) of the company. Randeep Narang, MD & CEO, said, The stellar performance for FY26 reflected continued growth momentum for Transrail despite a dynamic operating environment. We have posted our highest-ever revenue, EBITDA and PAT numbers. This was supported by robust execution across key business segments and geographies resulting in industry-leading margins. Additionally, we made significant progress in strengthening our balance sheet through improved working capital efficiency, debt reduction, and robust operating cash flow generation of Rs 817 crore, nearly double the level achieved in the previous year. During the year, we have doubled our tower manufacturing capacity and commissioned a new greenfield plant at Butiburi and are in process to do the same for conductors. Backed by a healthy order book and strong bidding pipeline across businesses and geographies, Transrail remains well positioned to sustain its growth trajectory over the medium to long term. Transrail Lighting is a leading turnkey engineering, procurement, and construction (EPC) company with a primary focus on the power transmission and distribution business, backed by over four decades of experience. First Published: May 27 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The New Zealand dollar firmed up on Wednesday after the central bank left OCR rates unchanged and signaled possibility of further rate hikes in futures. The OCR will most likely need to increase sooner and by more than envisaged in the February Monetary Policy Statement, RBNZ said in the statement. The pace of OCR increases will depend on the relative influence of persistent wage- and price-setting behaviour versus weaker economic activity on medium-term inflation pressures, it further noted. The Committee remains focused on ensuring that increased costs do not lead to elevated inflation over the medium term, while avoiding unnecessary economic volatility. The central bank also noted that New Zealands trading partners are expected to see weaker growth and higher inflation as global economic backdrop remains uncertain. Reserve Bank of New Zealand kept its official cash rate unchanged at 2.25% as expected. New Zealand dollar climbed 0.70% to around $0.587 this morning. First Published: May 27 2026 | 11:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gujarat Fluorochemicals First Published: May 27 2026 | 11:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The paid-up share capital of the Bank has accordingly increased from Rs. 6,219,209,828 (3,109,604,914 equity shares of Rs. 2/- each) to Rs. 6,219,862,386 (3,109,931,193 equity shares of Rs. 2/- each). First Published: May 27 2026 | 11:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: May 26 2026 | 5:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: May 26 2026 | 5:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 13.46% to Rs 105.15 crore For the full year,net profit rose 16.27% to Rs 26.23 crore in the year ended March 2026 as against Rs 22.56 crore during the previous year ended March 2025. Sales rose 13.36% to Rs 348.49 crore in the year ended March 2026 as against Rs 307.43 crore during the previous year ended March 2025. First Published: May 26 2026 | 5:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 12.32% to Rs 1166.05 crore For the full year,net profit rose 10.65% to Rs 277.91 crore in the year ended March 2026 as against Rs 251.17 crore during the previous year ended March 2025. Sales rose 5.36% to Rs 4344.85 crore in the year ended March 2026 as against Rs 4123.67 crore during the previous year ended March 2025. First Published: May 26 2026 | 5:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 12.30% to Rs 1323.80 crore For the full year,net profit rose 10.62% to Rs 456.30 crore in the year ended March 2026 as against Rs 412.50 crore during the previous year ended March 2025. Sales rose 9.46% to Rs 4916.80 crore in the year ended March 2026 as against Rs 4491.80 crore during the previous year ended March 2025. First Published: May 26 2026 | 5:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 1.07% to Rs 100.92 crore For the full year,net profit declined 3.83% to Rs 19.10 crore in the year ended March 2026 as against Rs 19.86 crore during the previous year ended March 2025. Sales rose 14.09% to Rs 343.49 crore in the year ended March 2026 as against Rs 301.06 crore during the previous year ended March 2025. First Published: May 26 2026 | 5:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 7.54% to Rs 61.79 crore For the full year,net profit declined 52.48% to Rs 13.78 crore in the year ended March 2026 as against Rs 29.00 crore during the previous year ended March 2025. Sales rose 5.42% to Rs 190.63 crore in the year ended March 2026 as against Rs 180.83 crore during the previous year ended March 2025. First Published: May 26 2026 | 5:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 108.46% to Rs 695.87 crore For the full year,net profit rose 358.46% to Rs 158.17 crore in the year ended March 2026 as against Rs 34.50 crore during the previous year ended March 2025. Sales rose 71.25% to Rs 1910.10 crore in the year ended March 2026 as against Rs 1115.39 crore during the previous year ended March 2025. First Published: May 26 2026 | 5:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 6.78% to Rs 133.10 crore For the full year,net profit declined 41.23% to Rs 14.47 crore in the year ended March 2026 as against Rs 24.62 crore during the previous year ended March 2025. Sales rose 1.05% to Rs 462.17 crore in the year ended March 2026 as against Rs 457.36 crore during the previous year ended March 2025. First Published: May 26 2026 | 5:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 99.98% to Rs 0.02 crore For the full year,net loss reported to Rs 22.03 crore in the year ended March 2026 as against net profit of Rs 112.84 crore during the previous year ended March 2025. Sales declined 88.09% to Rs 19.26 crore in the year ended March 2026 as against Rs 161.77 crore during the previous year ended March 2025. First Published: May 26 2026 | 5:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 13.77% to Rs 6.20 crore For the full year,net profit declined 40.00% to Rs 0.51 crore in the year ended March 2026 as against Rs 0.85 crore during the previous year ended March 2025. Sales declined 9.56% to Rs 27.24 crore in the year ended March 2026 as against Rs 30.12 crore during the previous year ended March 2025. First Published: May 25 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 166.67% to Rs 0.16 crore For the full year,net profit rose 12.50% to Rs 0.18 crore in the year ended March 2026 as against Rs 0.16 crore during the previous year ended March 2025. Sales rose 27.27% to Rs 0.42 crore in the year ended March 2026 as against Rs 0.33 crore during the previous year ended March 2025. First Published: May 25 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 0.02 crore in the year ended March 2026 as against net loss of Rs 0.04 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: May 25 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 50.00% to Rs 0.03 crore For the full year,net loss reported to Rs 0.14 crore in the year ended March 2026 as against net loss of Rs 0.16 crore during the previous year ended March 2025. Sales declined 7.69% to Rs 0.12 crore in the year ended March 2026 as against Rs 0.13 crore during the previous year ended March 2025. First Published: May 25 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 8.55% to Rs 18.71 crore For the full year,net profit declined 1.47% to Rs 0.67 crore in the year ended March 2026 as against Rs 0.68 crore during the previous year ended March 2025. Sales declined 1.88% to Rs 84.15 crore in the year ended March 2026 as against Rs 85.76 crore during the previous year ended March 2025. First Published: May 25 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 6.73% to Rs 90.43 crore For the full year,net profit declined 50.29% to Rs 2.57 crore in the year ended March 2026 as against Rs 5.17 crore during the previous year ended March 2025. Sales declined 2.15% to Rs 344.65 crore in the year ended March 2026 as against Rs 352.21 crore during the previous year ended March 2025. First Published: May 25 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 31.07% to Rs 234.67 crore For the full year,net profit declined 18.80% to Rs 247.82 crore in the year ended March 2026 as against Rs 305.20 crore during the previous year ended March 2025. Sales declined 8.03% to Rs 947.32 crore in the year ended March 2026 as against Rs 1029.99 crore during the previous year ended March 2025. First Published: May 25 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 12.68% to Rs 0.62 crore For the full year,net profit rose 55.36% to Rs 0.87 crore in the year ended March 2026 as against Rs 0.56 crore during the previous year ended March 2025. Sales rose 0.35% to Rs 2.84 crore in the year ended March 2026 as against Rs 2.83 crore during the previous year ended March 2025. First Published: May 25 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Time Period Average inflation Average annual NIFTY return Average annual FMCG Return Average annual Alpha Average 3Y rolling Alpha 2000-2004 3.9% 17.4% 1.4% -16.0% -17.0% 2009-2013 10.3% 20.7% 28.3% 7.6% 14.2% 2017-2021 4.6%* 16.6% 13.0% -3.6% -1.3% Time Period Largest FMCG Co. 5Y sales CAGR Largest MNC Food FMCG Co. 5Y sales CAGR Largest Biscuit Co. 5Y sales CAGR 2000-2004 -0.1% 10.0% 6.3% 2009-2013 14.3% 19.0% 17.5% 2017-2021 8.1% 10.3% 9.4% Time Period Largest FMCG Co. Operating Margin Delta Largest MNC Food FMCG Co. Operating Margin Delta Largest Biscuit Co. Operating Margin Delta 2000-2004 615 537 435 2009-2013 251 264 0 2017-2021 560 370 498 First Published: May 25 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 38.46% to Rs 148.72 crore For the full year,net profit rose 80.82% to Rs 79.36 crore in the year ended March 2026 as against Rs 43.89 crore during the previous year ended March 2025. Sales rose 49.11% to Rs 511.30 crore in the year ended March 2026 as against Rs 342.91 crore during the previous year ended March 2025. First Published: May 25 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 25 2026 | 11:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 25 2026 | 11:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BS Marketing Initiative First Published: May 25 2026 | 11:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of state-run oil marketing companies (OMCs) advanced after crude oil prices declined sharply amid hopes of a potential US-Iran agreement that could ease supply concerns in global energy markets. In the commodities market, Brent crude for the July 2026 contract dropped 5.63% to $97.71 per barrel. The sharp fall in crude prices also lifted broader market sentiment, with the Nifty 50 rising 1.13% to 23,987.75. Lower crude oil prices typically benefit PSU oil retailers as domestic LPG and kerosene continue to be sold at regulated rates, easing pressure on marketing margins. Meanwhile, petrol and diesel prices were increased by Rs 2.61-2.71 per litre on Monday, marking the fourth hike in less than two weeks, as state-owned fuel retailers continued passing on elevated global crude prices to consumers. With the latest revision, cumulative increases in petrol and diesel prices have nearly reached Rs 7.5 per litre since fuel price revisions resumed on 15 May 2026 after a prolonged freeze. First Published: May 25 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 25 2026 | 11:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Whirlpool of India Ltd recorded volume of 2.15 lakh shares by 10:46 IST on BSE, a 7.87 times surge over two-week average daily volume of 27373 shares Colgate-Palmolive (India) Ltd, 3M India Ltd, Tata Consumer Products Ltd, Motherson Sumi Wiring India Ltd are among the other stocks to see a surge in volumes on BSE today, 25 May 2026. Whirlpool of India Ltd recorded volume of 2.15 lakh shares by 10:46 IST on BSE, a 7.87 times surge over two-week average daily volume of 27373 shares. The stock gained 1.26% to Rs.856.85. Volumes stood at 20878 shares in the last session. Colgate-Palmolive (India) Ltd saw volume of 44799 shares by 10:46 IST on BSE, a 4.77 fold spurt over two-week average daily volume of 9400 shares. The stock dropped 2.29% to Rs.2,108.00. Volumes stood at 4423 shares in the last session. 3M India Ltd notched up volume of 825 shares by 10:46 IST on BSE, a 2.74 fold spurt over two-week average daily volume of 302 shares. The stock rose 1.92% to Rs.33,870.30. Volumes stood at 1564 shares in the last session. Tata Consumer Products Ltd clocked volume of 2.68 lakh shares by 10:46 IST on BSE, a 2.55 times surge over two-week average daily volume of 1.05 lakh shares. The stock lost 0.05% to Rs.1,192.25. Volumes stood at 1.26 lakh shares in the last session. Motherson Sumi Wiring India Ltd clocked volume of 12.13 lakh shares by 10:46 IST on BSE, a 2.41 times surge over two-week average daily volume of 5.03 lakh shares. The stock gained 1.18% to Rs.40.19. Volumes stood at 3.39 lakh shares in the last session. First Published: May 25 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sanstar has posted a standalone net profit of Rs 20.49 crore in Q4 FY26, which is nearly four times the PAT of Rs 5.52 crore recorded in Q4 FY25. Revenue declined by 4.5% year-on-year (YoY) to Rs 216.78 crore during the period under review. Total operating expenditure fell by 12.9% to Rs 197.43 crore in Q4 FY26 over Q4 FY25. Profit before tax in Q4 FY26 stood at Rs 20.44 crore, which is sharply higher as compared with the pre-tax profit of Rs 1.98 crore in Q4 FY25. For FY26, Sanstar has recorded consolidated net profit and revenue of Rs 34.45 crore (down 21.3% YoY) and Rs 784.63 crore (down 18.1% YoY), respectively. Sanstar specializes in manufacturing maize-based products and derivatives, including maize starch, dextrin, modified starches, liquid glucose, high maltose maize syrup, maltodextrin, dextrose monohydrate, gluten, germ, and bran, catering to industries such as textiles, paper, pharmaceuticals, food, adhesives, and animal nutrition. The scrip declined 6.69% to currently trade at Rs 108.78 on the BSE. First Published: May 25 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NFP Sampoorna Foods traded at Rs 51.80 on the NSE, a discount of 5.82% compared with the issue price of Rs 55. The counter hit a high of Rs 54.50 and a low of Rs 51.80. About 1.50 lakh shares of the company changed hands at the counter. NFP Sampoorna Foods was subscribed 1.53 times. The issue opened for bidding on 18 May 2026 and closed on 20 May 2026. The price band of the IPO was fixed between Rs 52 and Rs 55 per equity share. The IPO comprised fresh issue of 44,60,000 equity shares. The company intends to utilize the net proceeds for working capital requirement, prepayment or repayment of the portion of certain outstanding borrowings availed by company and for general corporate purposes. NFP Sampoorna Foods is engaged in the processing and distribution of premium dry fruits, primarily focused on cashew nuts sourced through imports from African countries. The company offers a diversified portfolio including cashews, almonds, makhana and festive gift packs, catering to both retail and institutional customers. Backed by ISO 9001:2015 and ISO 22000:2018 certifications, it emphasizes stringent quality control, food safety and hygienic packaging, while using advanced roasting and packaging technologies to preserve freshness and nutritional value. As of 30 November 2026, the company had 140 permanent employees in various departments. The company recorded revenue from operations of Rs 36.96 crore and net profit of Rs 3.48 crore for the period ended 30 November 2025. First Published: May 25 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 25 2026 | 11:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 25 2026 | 10:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
There has been a surge in floating-rate bond issuances as expectations of higher global interest rates make fixed-rate debt less attractive First Published: May 25 2026 | 8:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's central bank will do "whatever is required" to ensure orderly movements in the foreign exchange market, Reserve Bank of India (RBI) Governor Sanjay Malhotra told Mint newspaper ?in an interview. Malhotra said the rupee currently appears undervalued following a sharp depreciation of around 6 per cent since the West Asia war erupted on February 28. The RBI does not target any specific level for the currency, Malhotra said, but emphasized that the central bank stands ready to intervene ?if speculative pressures build up. The RBI will do whatever is required to ensure orderly price discovery in the forex market, he added. Malhotra said the RBI has enough tools in its kit, including nearly $700 billion in reserves to quell any undue speculative movement. With recent depreciation, one could argue that the rupee has become ?undervalued, both in nominal as well as in REER (real effective exchange rate) terms, he stated. Once the ?situation in West Asia normalizes, the rupee could appreciate, he added. We ?need to take measures to reduce our current account deficit, which the government has been addressing. ?Our capital account needs some improvement too, the RBI governor said. The RBI's primary mandate is to target inflation. "If the evolving inflation trajectory ?provides policy space, we support growth," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 25 2026 | 8:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 25 2026 | 8:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(Source: Shutterstock) First Published: May 25 2026 | 8:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 25 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to open on a positive note on Monday as US President Donald Trump's remark about the Iran talks fuelled hopes for the US-Iran peace deal. First Published: May 25 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 25 2026 | 7:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 25 2026 | 6:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks Recommendations by Aakash Shah First Published: May 25 2026 | 6:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices hit two-week lows on Monday on optimism that the US and Iran were moving closer towards a peace deal even though they remained at odds ?over key issues, including blockades on the Strait of Hormuz that continued to restrict oil supply from the West Asia. Brent crude futures fell $4.71, or 4.55 per cent, to $98.83 a barrel by 2234 GMT, while US West Texas Intermediate was at $92.03 a barrel, down $4.57, or 4.73 per cent. Both contracts touched their lowest since May 7 earlier in the session. On Saturday, US President Donald Trump said that ?Washington and Iran had "largely negotiated" a memorandum of understanding on a peace deal that would reopen the Strait of Hormuz, which before the conflict carried one-fifth of global oil and liquefied natural gas shipments. However, the two sides remain at odds on several difficult issues, with Trump saying on Sunday he had told his representatives not to rush into ?any deal with Iran. MST Marquee analyst Saul Kavonic said: "Notwithstanding all the caveats and risks that remain to ?the peace deal and Strait of Hormuz, there is now ?some light at the end of the tunnel, which will bring some near-term oil price relief." However, analysts expect ?that it will take months for oil flows through the strait to return to normal and for damaged oil and gas ?facilities to be repaired. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 25 2026 | 6:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fada has also flagged that fuel-price concerns are influencing buying behaviour. EV vs ICE running cost snapshot This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Two-wheeler maker Hero MotoCorp is confident of strengthening its leadership with a double-digit growth in FY27, during which it expects to launch over 12 new products, according to its CEO Harshavardhan Chitale. The company sees its scooters, which have witnessed strong demand for both internal combustion and electric versions, as one of the 'growth vectors' and expects over 50 per cent of its overall scooter sales to be electric by 2030, Chitale told PTI in an interview. With low emission powertrains emerging as a trend across the industry, he said, Hero MotoCorp is also working on a variety of options "to stay ahead of the curve" as a market leader. "So far we are leading, and we hope we continue to do so going forward," he said when asked if Hero MotoCorp is ready to defend its leadership position as competition intensifies in the Indian two-wheeler market. While declining to comment on competitors, Chitale said,"We will stay focused on doing what's right for the customer. We stay focused on offering the most efficient, most safe products. We have a great momentum so far. I can't talk about others, but I can talk about confidence in our channel, our products." Noting that "competition is definitely intense", he said, "From SIAM data, it appears that our lead over competitors has again widened last year (FY26). While it had kept coming down, narrowing over six-seven years, and the lead had shrunk, in FY26 again the curve turned, and again marginally the lead widened." Hero MotoCorp is "widening" the gap to competitors on the back of growth that the company is driving in categories such as scooters in both ICE and electric, bikes in 125 cc and above categories, while also continuing to push entry-level commuter motorcycles, he added. As per the Society of Indian Automobile Manufacturers (SIAM) data, Hero MotoCorp sold 54,93,178 units of motorcycles and 5,72,870 units of scooters in FY26. Rival Honda Motorcycle & Scooter India Pvt Ltd sold 25,89,985 units of motorcycles and 31,62,067 units of scooters in FY26. When asked about the growth outlook for FY27, Chitale said, "Looking at the momentum and some of the categories in which we are driving growth, and we do expect to continue our momentum of double-digit growth that we had in FY26 to continue in FY27 as well." It will come on the back of "strong growth in exports, strong growth in EV, very strong growth in scooters", Chitale added. On new product launches, he said, "Typically, in a year, we have 10 to 12 big launches, new models... this year also we have a very active pipeline... it may be a little more, maybe even more than that." Besides, he said, in a year there are refreshes of existing models, "which gets our number of launches in a year typically to 40-50 launches". Highlighting scooters as a "growth vector" for Hero MotoCorp, he said the company is doubling capacity for its Xoom scooter brand, while it has completed 50 per cent capacity expansion for Destiny. "By the end of this month, we would have increased our capacity in Vida (electric scooter) by 50 per cent and on track to further double it by the end of this calendar year, almost three times from the start of the year to where we end this year," he noted. The rapid expansion in capacity is to ensure that "this entire demand momentum that we see both for our ICE scooters as well as EV scooters" is met, Chitale added. The company has earmarked Rs 1,500 crore capex for FY27 to double its scooter production capacity. When asked about the growth prospects of electric scooter Vida and its contribution to overall sales, he said, "Today it is about 27-28 per cent. I can see that becoming the majority by 2030...more than 50 per cent. We are moving in that direction." Stating that the company has adopted a 'town by town' approach to expand EV sales network, he said, "Our ambition is to emerge as one of the top three players, if not number one, in EV in every category, and that's the approach we are taking even now." Stating that the electric two-wheeler segment is evolving at a fast pace, Chitale said Hero MotoCorp sees the industry to grow in double digit and the company will aim to outgrow that pace and gain market share. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 24 2026 | 11:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's transportation fuel demand growth is expected to slow sharply in the second half of 2026 as government-led fuel conservation measures, elevated crude oil prices and a weakening rupee weigh on mobility and consumption trends, according to energy analysts. Petrol and diesel prices have been hiked by about Rs 5 per litre each in three instalments since May 15 as oil companies passed on a part of soaring international oil prices to consumers. The price hikes came just as Prime Minister Narendra Modi urged citizens and government departments to conserve fuel, encourage remote working and reduce non-essential travel as elevated energy prices pressure foreign exchange reserves and threaten to widen the current account deficit. This together with higher prices is likely to have a sobering impact on fuel demand growth. A report by Elif Binici, Lead Analyst (Modeling) at Kpler, revised down India's 2026 refined products demand growth forecast by about 77,000 barrels per day (kbd), or 39 per cent, to around 78 kbd from an earlier estimate of 128 kbd, citing weaker expected growth in gasoline and diesel consumption. Petrol demand faces the steepest downside risk, with growth projected to undershoot the earlier growth estimate by 25 kbd (from 63 kbd to 38 kbd). Petrol consumption is now estimated at 1010 kbd, down from 1035 kbpd amid weaker commuting activity, slower discretionary travel and government fuel-saving campaigns. Annual diesel demand growth was cut by around 20 kbd, while jet fuel demand growth was revised down nearly 50 per cent to about 6 kbd from 11 kbd previously, reflecting expectations of reduced air travel and tighter spending patterns. "The revisions primarily reflect weaker expected growth in gasoline and diesel demand as higher costs, weaker mobility trends, and recent government-led fuel conservation efforts increasingly feed into domestic transportation activity," according to the report. The report said India's macroeconomic backdrop had deteriorated since the escalation of the US-Iran conflict, with higher crude import costs, refinery expenses and rupee depreciation increasing pressure on inflation and state-run oil marketing companies (OMCs). The rupee has weakened roughly 6 per cent since the start of the conflict and 10 per cent over the past year. At the same time, FX reserves have reportedly fallen approximately 4.3 per cent since late February as authorities attempt to stabilise the currency, contain imported inflation, and limit volatility in domestic fuel prices. Retail petrol and diesel prices, largely frozen since 2022 despite higher global crude prices, were raised by about Rs 5 per litre in three instalments during the last 10 days. However, the increases remain well below estimated breakeven levels for state-run retailers. The current national average petrol price of Rs 103 per litre remains far below estimated breakeven levels of nearly Rs 125 per litre, while diesel prices near Rs 94 per litre compare with estimated breakeven levels of Rs 115-120 per litre. Before the start of the price revision cycle, state-run fuel retailers were losing roughly Rs 1,000 crore per day as elevated crude procurement costs and currency weakness continued to outpace retail prices. "The key issue is the inability of state-run retailers to pass through rising import costs quickly enough to restore profitability," the report said. India's dependence on discounted Russian crude imports, currently estimated at around 1.9-2 million barrels per day, continues to provide a key stabilising force for the domestic fuel market amid ongoing geopolitical uncertainty in the Middle East, it added. "Recent austerity measures suggest Indian policymakers are increasingly prioritising macroeconomic stability, inflation management, FX preservation and fuel supply security over near-term transportation fuel growth. While the measures are unlikely to trigger outright demand destruction, they are expected to materially slow India's previously robust transportation fuel growth trajectory during the second half of the year," the report said. Unless crude prices ease materially, the rupee stabilises, or additional fiscal support measures are introduced, further retail fuel price increases and additional fuel-conservation measures may become increasingly difficult to avoid, it added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 24 2026 | 11:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's next priority on the free trade agreement (FTA) front should be practical implementation and helping exporters use these pacts, as the gap between the negotiated and used market access remains the country's weakest link, experts say. They said that historically, India's FTA utilisation has hovered around 25 per cent, compared with 70-80 per cent in developed economies, and closing this gap is now the single highest-leverage trade policy reform available. The immediate priority should be to ensure that these negotiated benefits translate into actual claims at the border, they added. "Hence, India's next FTA priority should be practical implementation, helping exporters use the agreements, defend against new trade barriers, and convert market access into sustained export growth," Gulzar Didwania, Partner, Deloitte India, said. India has so far implemented several trade pacts, including those with Singapore, Japan, Korea, the UAE, Australia, ASEAN, and the EFTA bloc. It has also finalised such pacts with Oman, New Zealand, the European Union, and the UK. The immediate priority should now be to ensure that these negotiated benefits translate into actual claims at the border, Didwania said. "The policy narrative must now move decisively from FTA signing to FTA utilisation. India has already secured significant market-access outcomes, including duty-free access for 99 per cent of India's exports to the UK under CETA and market access for more than 99 per cent of India's exports by trade value under the India-EU FTA," he added. Didwania also said that FTAs can help cushion the impact of geopolitical uncertainties on India's merchandise exports by creating alternative trade routes and improving access to multiple strategic markets. India's best approach would be to diversify export markets and products, deepen integration with global value chains, and strengthen domestic manufacturing competitiveness to reduce external vulnerabilities, he said. Rudra Kumar Pandey, Partner, Shardul Amarchand Mangaldas & Co, also stated that the most immediate priority is FTA utilisation. "The gap between market access negotiated and market access used remains India's weakest link," he said, adding that utilisation rates under the Australia ECTA have reached 84 per cent. But awareness among MSMEs remains low, and certification infrastructure is underdeveloped across most other agreements. "Every firm with export potential must understand the preferential access available to it and have the documentation and compliance support to use it," Pandey said. He added that the sectors where India has negotiated the deepest tariff concessions - textiles, leather, engineering goods, pharmaceuticals, and marine products - need targeted PLI-type support to build the production capacity and quality standards required to exploit that access fully. India must also accelerate standards alignment and regulatory upgradation to meet the compliance requirements of partner markets, Pandey said. This includes developing credible domestic certification systems, pursuing mutual recognition agreements that allow Indian testing and conformity assessment to be accepted abroad, and building the carbon accounting frameworks that the European market access will increasingly require. "The firms that will benefit most from FTAs are those that can meet partner-country quality, traceability, and sustainability standards. Government support through technical assistance and soft financing for MSMEs to achieve these standards is essential," he said. Further, he said that India's export landscape is shifting toward higher-value manufacturing. Electronics has risen from 3.3 per cent to 7.9 per cent of the export basket over the last decade, machinery from 3.8 per cent to 6.9 per cent, and smartphones are now India's top exported commodity. But this shift carries structural vulnerabilities that grow as India moves up the value chain. He said that high-value manufacturing sectors remain heavily dependent on imported inputs from China and East Asia, including electronic components, active pharmaceutical ingredients, chemicals, and non-ferrous metals. Any interruption in the flow of these intermediates directly threatens India's ability to produce and export finished goods. At the same time, Pandey said, competing in the EU, UK, and US markets for higher-value products requires access to production technologies and capital equipment that India does not yet produce domestically. "The best approach is to treat the FTA network as the external market architecture and focus policy effort on building the domestic production ecosystem that can deliver on it," he said, adding that there is a need to reduce input costs by keeping tariffs low on intermediates and capital goods so that Indian manufacturers can compete on price. For this, India needs to invest in standards and certification infrastructure so that firms can meet partner countries' compliance requirements without prohibitive cost. "It means channelling capital toward technology upgradation in sectors where the gap between India's existing capability and the FTA market opportunity is narrowest, and the returns from investment are highest," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 24 2026 | 11:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries added ?24,696.89 crore, taking its market valuation to ?18,33,117.70 crore. The combined market valuation of 6 of the top-10 most valued firms surged by Rs 74,111.57 crore last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark climbed 177.36 points, or 0.23 per cent. "Markets ended the week with marginal gains amid a highly volatile and range-bound trading environment. Benchmark indices witnessed sharp intraday swings throughout the week, driven by persistent rupee weakness, mixed global cues, sectoral rotation, and continued uncertainty around inflation and interest rates," Ajit Mishra SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) were the gainers, while HDFC Bank, Bharti Airtel, State Bank of India and Hindustan Unilever faced erosion from their valuation. Reliance Industries added Rs 24,696.89 crore, taking its market valuation to Rs 18,33,117.70 crore. The valuation of TCS jumped Rs 19,338.68 crore to Rs 8,38,401.33 crore, and that of ICICI Bank surged Rs 14,515.93 crore to Rs 9,06,901.32 crore. LIC's valuation climbed Rs 9,076.37 crore to Rs 5,14,443.69 crore. The market capitalisation (mcap) of Bajaj Finance edged higher by Rs 3,797.83 crore to Rs 5,70,515.57 crore, and that of Larsen & Toubro went up by Rs 2,685.87 crore to Rs 5,40,228.21 crore. However, the market valuation of Bharti Airtel dropped by Rs 20,229.67 crore to Rs 11,40,295.49 crore. The mcap of Hindustan Unilever eroded by Rs 16,212.18 crore to Rs 5,17,380 crore, and that of State Bank of India declined by Rs 12,784.4 crore to Rs 8,76,077.92 crore. HDFC Bank's mcap dipped by Rs 2,094.35 crore to Rs 11,79,974.90 crore. Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 24 2026 | 10:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries added ?24,696.89 crore, taking its market valuation to ?18,33,117.70 crore. The combined market valuation of 6 of the top-10 most valued firms surged by Rs 74,111.57 crore last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark climbed 177.36 points, or 0.23 per cent. "Markets ended the week with marginal gains amid a highly volatile and range-bound trading environment. Benchmark indices witnessed sharp intraday swings throughout the week, driven by persistent rupee weakness, mixed global cues, sectoral rotation, and continued uncertainty around inflation and interest rates," Ajit Mishra SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) were the gainers, while HDFC Bank, Bharti Airtel, State Bank of India and Hindustan Unilever faced erosion from their valuation. Reliance Industries added Rs 24,696.89 crore, taking its market valuation to Rs 18,33,117.70 crore. The valuation of TCS jumped Rs 19,338.68 crore to Rs 8,38,401.33 crore, and that of ICICI Bank surged Rs 14,515.93 crore to Rs 9,06,901.32 crore. LIC's valuation climbed Rs 9,076.37 crore to Rs 5,14,443.69 crore. The market capitalisation (mcap) of Bajaj Finance edged higher by Rs 3,797.83 crore to Rs 5,70,515.57 crore, and that of Larsen & Toubro went up by Rs 2,685.87 crore to Rs 5,40,228.21 crore. However, the market valuation of Bharti Airtel dropped by Rs 20,229.67 crore to Rs 11,40,295.49 crore. The mcap of Hindustan Unilever eroded by Rs 16,212.18 crore to Rs 5,17,380 crore, and that of State Bank of India declined by Rs 12,784.4 crore to Rs 8,76,077.92 crore. HDFC Bank's mcap dipped by Rs 2,094.35 crore to Rs 11,79,974.90 crore. Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 24 2026 | 10:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries added ?24,696.89 crore, taking its market valuation to ?18,33,117.70 crore. The combined market valuation of 6 of the top-10 most valued firms surged by Rs 74,111.57 crore last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark climbed 177.36 points, or 0.23 per cent. "Markets ended the week with marginal gains amid a highly volatile and range-bound trading environment. Benchmark indices witnessed sharp intraday swings throughout the week, driven by persistent rupee weakness, mixed global cues, sectoral rotation, and continued uncertainty around inflation and interest rates," Ajit Mishra SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) were the gainers, while HDFC Bank, Bharti Airtel, State Bank of India and Hindustan Unilever faced erosion from their valuation. Reliance Industries added Rs 24,696.89 crore, taking its market valuation to Rs 18,33,117.70 crore. The valuation of TCS jumped Rs 19,338.68 crore to Rs 8,38,401.33 crore, and that of ICICI Bank surged Rs 14,515.93 crore to Rs 9,06,901.32 crore. LIC's valuation climbed Rs 9,076.37 crore to Rs 5,14,443.69 crore. The market capitalisation (mcap) of Bajaj Finance edged higher by Rs 3,797.83 crore to Rs 5,70,515.57 crore, and that of Larsen & Toubro went up by Rs 2,685.87 crore to Rs 5,40,228.21 crore. However, the market valuation of Bharti Airtel dropped by Rs 20,229.67 crore to Rs 11,40,295.49 crore. The mcap of Hindustan Unilever eroded by Rs 16,212.18 crore to Rs 5,17,380 crore, and that of State Bank of India declined by Rs 12,784.4 crore to Rs 8,76,077.92 crore. HDFC Bank's mcap dipped by Rs 2,094.35 crore to Rs 11,79,974.90 crore. Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 24 2026 | 10:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries added ?24,696.89 crore, taking its market valuation to ?18,33,117.70 crore. The combined market valuation of 6 of the top-10 most valued firms surged by Rs 74,111.57 crore last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark climbed 177.36 points, or 0.23 per cent. "Markets ended the week with marginal gains amid a highly volatile and range-bound trading environment. Benchmark indices witnessed sharp intraday swings throughout the week, driven by persistent rupee weakness, mixed global cues, sectoral rotation, and continued uncertainty around inflation and interest rates," Ajit Mishra SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) were the gainers, while HDFC Bank, Bharti Airtel, State Bank of India and Hindustan Unilever faced erosion from their valuation. Reliance Industries added Rs 24,696.89 crore, taking its market valuation to Rs 18,33,117.70 crore. The valuation of TCS jumped Rs 19,338.68 crore to Rs 8,38,401.33 crore, and that of ICICI Bank surged Rs 14,515.93 crore to Rs 9,06,901.32 crore. LIC's valuation climbed Rs 9,076.37 crore to Rs 5,14,443.69 crore. The market capitalisation (mcap) of Bajaj Finance edged higher by Rs 3,797.83 crore to Rs 5,70,515.57 crore, and that of Larsen & Toubro went up by Rs 2,685.87 crore to Rs 5,40,228.21 crore. However, the market valuation of Bharti Airtel dropped by Rs 20,229.67 crore to Rs 11,40,295.49 crore. The mcap of Hindustan Unilever eroded by Rs 16,212.18 crore to Rs 5,17,380 crore, and that of State Bank of India declined by Rs 12,784.4 crore to Rs 8,76,077.92 crore. HDFC Bank's mcap dipped by Rs 2,094.35 crore to Rs 11,79,974.90 crore. Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 24 2026 | 10:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries added ?24,696.89 crore, taking its market valuation to ?18,33,117.70 crore. The combined market valuation of 6 of the top-10 most valued firms surged by Rs 74,111.57 crore last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark climbed 177.36 points, or 0.23 per cent. "Markets ended the week with marginal gains amid a highly volatile and range-bound trading environment. Benchmark indices witnessed sharp intraday swings throughout the week, driven by persistent rupee weakness, mixed global cues, sectoral rotation, and continued uncertainty around inflation and interest rates," Ajit Mishra SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) were the gainers, while HDFC Bank, Bharti Airtel, State Bank of India and Hindustan Unilever faced erosion from their valuation. Reliance Industries added Rs 24,696.89 crore, taking its market valuation to Rs 18,33,117.70 crore. The valuation of TCS jumped Rs 19,338.68 crore to Rs 8,38,401.33 crore, and that of ICICI Bank surged Rs 14,515.93 crore to Rs 9,06,901.32 crore. LIC's valuation climbed Rs 9,076.37 crore to Rs 5,14,443.69 crore. The market capitalisation (mcap) of Bajaj Finance edged higher by Rs 3,797.83 crore to Rs 5,70,515.57 crore, and that of Larsen & Toubro went up by Rs 2,685.87 crore to Rs 5,40,228.21 crore. However, the market valuation of Bharti Airtel dropped by Rs 20,229.67 crore to Rs 11,40,295.49 crore. The mcap of Hindustan Unilever eroded by Rs 16,212.18 crore to Rs 5,17,380 crore, and that of State Bank of India declined by Rs 12,784.4 crore to Rs 8,76,077.92 crore. HDFC Bank's mcap dipped by Rs 2,094.35 crore to Rs 11,79,974.90 crore. Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 24 2026 | 10:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries added ?24,696.89 crore, taking its market valuation to ?18,33,117.70 crore. The combined market valuation of 6 of the top-10 most valued firms surged by Rs 74,111.57 crore last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark climbed 177.36 points, or 0.23 per cent. "Markets ended the week with marginal gains amid a highly volatile and range-bound trading environment. Benchmark indices witnessed sharp intraday swings throughout the week, driven by persistent rupee weakness, mixed global cues, sectoral rotation, and continued uncertainty around inflation and interest rates," Ajit Mishra SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) were the gainers, while HDFC Bank, Bharti Airtel, State Bank of India and Hindustan Unilever faced erosion from their valuation. Reliance Industries added Rs 24,696.89 crore, taking its market valuation to Rs 18,33,117.70 crore. The valuation of TCS jumped Rs 19,338.68 crore to Rs 8,38,401.33 crore, and that of ICICI Bank surged Rs 14,515.93 crore to Rs 9,06,901.32 crore. LIC's valuation climbed Rs 9,076.37 crore to Rs 5,14,443.69 crore. The market capitalisation (mcap) of Bajaj Finance edged higher by Rs 3,797.83 crore to Rs 5,70,515.57 crore, and that of Larsen & Toubro went up by Rs 2,685.87 crore to Rs 5,40,228.21 crore. However, the market valuation of Bharti Airtel dropped by Rs 20,229.67 crore to Rs 11,40,295.49 crore. The mcap of Hindustan Unilever eroded by Rs 16,212.18 crore to Rs 5,17,380 crore, and that of State Bank of India declined by Rs 12,784.4 crore to Rs 8,76,077.92 crore. HDFC Bank's mcap dipped by Rs 2,094.35 crore to Rs 11,79,974.90 crore. Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 24 2026 | 10:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter. State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making firm in the Indian financial sector in the March quarter, netting a little over Rs 23,400 crore. Even among Central Public Sector Enterprises, the Corporation maintained the number one position for fourth-quarter profit for FY26. Last week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter as compared to Rs 19,013 crore in the corresponding period of the previous year.. The insurance behemoth was followed by the country's biggest lender State Bank of India (SBI), and the second-biggest lender HDFC Bank with profit of Rs 19,684 crore and Rs Rs 19,221 crore, respectively, during the fourth quarter, according to the financial numbers posted on exchanges. However, SBI significantly outpaced LIC in annual profit, earning Rs 80,032 crore in FY26 compared to LIC's Rs 57,419 crore. Similarly, HDFC Bank's profit stood at Rs 74,670 crore while ICICI Bank posted a profit of Rs 50,147 crore. Among other PSUs, Indian Oil Corporation (IOC) closed the fourth quarter with a net profit of Rs 11,378 crore followed by Coal India at Rs 10,839 crore, Power Finance Corporation (PFC) earned Rs 8,598 crore and NTPC Rs 8,747 crore as profit, as per the data available on stock exchanges. Other Central Public Sector Enterprises (CPSEs) like Power Grid Corporation of India posted a profit of Rs 4,546 crore, REC Ltd net profit at Rs 3,375 crore, and Steel Authority of India Ltd at Rs 1,680 crore. A day after the stellar performance of LIC, its shares jumped 5 per cent in opening trade at Rs 839 apiece on the BSE on May 23. LIC's Assets Under Management (AUM) increased to Rs 57,29,396 crore as of March 31, 2026, from Rs 54,52,297 crore on March 31, 2025, registering an increase of 5 per cent year-on-year. During the year, LIC's total premium income rose by 10 per cent to Rs 54,52,297 crore compared to Rs 54,52,297 crore a year ago. At the same time, adjusted net worth improved to Rs 1,69,605 crore from Rs 1,20,258 crore in FY25. Among the entire corporate sector. Vodafone Idea became the highest quarterly profit earner in the January-March quarter with a record bottomline of Rs 51,970 crore, its first ever in about six years mainly due to relief in statutory liabilities. It was followed by Reliance Industries with a net profit of Rs 16,971 crore, down from Rs 19,407 crore in the same January-March period in the preceding year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 24 2026 | 10:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter. State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making firm in the Indian financial sector in the March quarter, netting a little over Rs 23,400 crore. Even among Central Public Sector Enterprises, the Corporation maintained the number one position for fourth-quarter profit for FY26. Last week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter as compared to Rs 19,013 crore in the corresponding period of the previous year.. The insurance behemoth was followed by the country's biggest lender State Bank of India (SBI), and the second-biggest lender HDFC Bank with profit of Rs 19,684 crore and Rs Rs 19,221 crore, respectively, during the fourth quarter, according to the financial numbers posted on exchanges. However, SBI significantly outpaced LIC in annual profit, earning Rs 80,032 crore in FY26 compared to LIC's Rs 57,419 crore. Similarly, HDFC Bank's profit stood at Rs 74,670 crore while ICICI Bank posted a profit of Rs 50,147 crore. Among other PSUs, Indian Oil Corporation (IOC) closed the fourth quarter with a net profit of Rs 11,378 crore followed by Coal India at Rs 10,839 crore, Power Finance Corporation (PFC) earned Rs 8,598 crore and NTPC Rs 8,747 crore as profit, as per the data available on stock exchanges. Other Central Public Sector Enterprises (CPSEs) like Power Grid Corporation of India posted a profit of Rs 4,546 crore, REC Ltd net profit at Rs 3,375 crore, and Steel Authority of India Ltd at Rs 1,680 crore. A day after the stellar performance of LIC, its shares jumped 5 per cent in opening trade at Rs 839 apiece on the BSE on May 23. LIC's Assets Under Management (AUM) increased to Rs 57,29,396 crore as of March 31, 2026, from Rs 54,52,297 crore on March 31, 2025, registering an increase of 5 per cent year-on-year. During the year, LIC's total premium income rose by 10 per cent to Rs 54,52,297 crore compared to Rs 54,52,297 crore a year ago. At the same time, adjusted net worth improved to Rs 1,69,605 crore from Rs 1,20,258 crore in FY25. Among the entire corporate sector. Vodafone Idea became the highest quarterly profit earner in the January-March quarter with a record bottomline of Rs 51,970 crore, its first ever in about six years mainly due to relief in statutory liabilities. It was followed by Reliance Industries with a net profit of Rs 16,971 crore, down from Rs 19,407 crore in the same January-March period in the preceding year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 24 2026 | 10:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter. State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making firm in the Indian financial sector in the March quarter, netting a little over Rs 23,400 crore. Even among Central Public Sector Enterprises, the Corporation maintained the number one position for fourth-quarter profit for FY26. Last week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter as compared to Rs 19,013 crore in the corresponding period of the previous year.. The insurance behemoth was followed by the country's biggest lender State Bank of India (SBI), and the second-biggest lender HDFC Bank with profit of Rs 19,684 crore and Rs Rs 19,221 crore, respectively, during the fourth quarter, according to the financial numbers posted on exchanges. However, SBI significantly outpaced LIC in annual profit, earning Rs 80,032 crore in FY26 compared to LIC's Rs 57,419 crore. Similarly, HDFC Bank's profit stood at Rs 74,670 crore while ICICI Bank posted a profit of Rs 50,147 crore. Among other PSUs, Indian Oil Corporation (IOC) closed the fourth quarter with a net profit of Rs 11,378 crore followed by Coal India at Rs 10,839 crore, Power Finance Corporation (PFC) earned Rs 8,598 crore and NTPC Rs 8,747 crore as profit, as per the data available on stock exchanges. Other Central Public Sector Enterprises (CPSEs) like Power Grid Corporation of India posted a profit of Rs 4,546 crore, REC Ltd net profit at Rs 3,375 crore, and Steel Authority of India Ltd at Rs 1,680 crore. A day after the stellar performance of LIC, its shares jumped 5 per cent in opening trade at Rs 839 apiece on the BSE on May 23. LIC's Assets Under Management (AUM) increased to Rs 57,29,396 crore as of March 31, 2026, from Rs 54,52,297 crore on March 31, 2025, registering an increase of 5 per cent year-on-year. During the year, LIC's total premium income rose by 10 per cent to Rs 54,52,297 crore compared to Rs 54,52,297 crore a year ago. At the same time, adjusted net worth improved to Rs 1,69,605 crore from Rs 1,20,258 crore in FY25. Among the entire corporate sector. Vodafone Idea became the highest quarterly profit earner in the January-March quarter with a record bottomline of Rs 51,970 crore, its first ever in about six years mainly due to relief in statutory liabilities. It was followed by Reliance Industries with a net profit of Rs 16,971 crore, down from Rs 19,407 crore in the same January-March period in the preceding year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 24 2026 | 10:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter. State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making firm in the Indian financial sector in the March quarter, netting a little over Rs 23,400 crore. Even among Central Public Sector Enterprises, the Corporation maintained the number one position for fourth-quarter profit for FY26. Last week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter as compared to Rs 19,013 crore in the corresponding period of the previous year.. The insurance behemoth was followed by the country's biggest lender State Bank of India (SBI), and the second-biggest lender HDFC Bank with profit of Rs 19,684 crore and Rs Rs 19,221 crore, respectively, during the fourth quarter, according to the financial numbers posted on exchanges. However, SBI significantly outpaced LIC in annual profit, earning Rs 80,032 crore in FY26 compared to LIC's Rs 57,419 crore. Similarly, HDFC Bank's profit stood at Rs 74,670 crore while ICICI Bank posted a profit of Rs 50,147 crore. Among other PSUs, Indian Oil Corporation (IOC) closed the fourth quarter with a net profit of Rs 11,378 crore followed by Coal India at Rs 10,839 crore, Power Finance Corporation (PFC) earned Rs 8,598 crore and NTPC Rs 8,747 crore as profit, as per the data available on stock exchanges. Other Central Public Sector Enterprises (CPSEs) like Power Grid Corporation of India posted a profit of Rs 4,546 crore, REC Ltd net profit at Rs 3,375 crore, and Steel Authority of India Ltd at Rs 1,680 crore. A day after the stellar performance of LIC, its shares jumped 5 per cent in opening trade at Rs 839 apiece on the BSE on May 23. LIC's Assets Under Management (AUM) increased to Rs 57,29,396 crore as of March 31, 2026, from Rs 54,52,297 crore on March 31, 2025, registering an increase of 5 per cent year-on-year. During the year, LIC's total premium income rose by 10 per cent to Rs 54,52,297 crore compared to Rs 54,52,297 crore a year ago. At the same time, adjusted net worth improved to Rs 1,69,605 crore from Rs 1,20,258 crore in FY25. Among the entire corporate sector. Vodafone Idea became the highest quarterly profit earner in the January-March quarter with a record bottomline of Rs 51,970 crore, its first ever in about six years mainly due to relief in statutory liabilities. It was followed by Reliance Industries with a net profit of Rs 16,971 crore, down from Rs 19,407 crore in the same January-March period in the preceding year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 24 2026 | 10:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter. State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making firm in the Indian financial sector in the March quarter, netting a little over Rs 23,400 crore. Even among Central Public Sector Enterprises, the Corporation maintained the number one position for fourth-quarter profit for FY26. Last week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter as compared to Rs 19,013 crore in the corresponding period of the previous year.. The insurance behemoth was followed by the country's biggest lender State Bank of India (SBI), and the second-biggest lender HDFC Bank with profit of Rs 19,684 crore and Rs Rs 19,221 crore, respectively, during the fourth quarter, according to the financial numbers posted on exchanges. However, SBI significantly outpaced LIC in annual profit, earning Rs 80,032 crore in FY26 compared to LIC's Rs 57,419 crore. Similarly, HDFC Bank's profit stood at Rs 74,670 crore while ICICI Bank posted a profit of Rs 50,147 crore. Among other PSUs, Indian Oil Corporation (IOC) closed the fourth quarter with a net profit of Rs 11,378 crore followed by Coal India at Rs 10,839 crore, Power Finance Corporation (PFC) earned Rs 8,598 crore and NTPC Rs 8,747 crore as profit, as per the data available on stock exchanges. Other Central Public Sector Enterprises (CPSEs) like Power Grid Corporation of India posted a profit of Rs 4,546 crore, REC Ltd net profit at Rs 3,375 crore, and Steel Authority of India Ltd at Rs 1,680 crore. A day after the stellar performance of LIC, its shares jumped 5 per cent in opening trade at Rs 839 apiece on the BSE on May 23. LIC's Assets Under Management (AUM) increased to Rs 57,29,396 crore as of March 31, 2026, from Rs 54,52,297 crore on March 31, 2025, registering an increase of 5 per cent year-on-year. During the year, LIC's total premium income rose by 10 per cent to Rs 54,52,297 crore compared to Rs 54,52,297 crore a year ago. At the same time, adjusted net worth improved to Rs 1,69,605 crore from Rs 1,20,258 crore in FY25. Among the entire corporate sector. Vodafone Idea became the highest quarterly profit earner in the January-March quarter with a record bottomline of Rs 51,970 crore, its first ever in about six years mainly due to relief in statutory liabilities. It was followed by Reliance Industries with a net profit of Rs 16,971 crore, down from Rs 19,407 crore in the same January-March period in the preceding year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 24 2026 | 10:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter. State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making firm in the Indian financial sector in the March quarter, netting a little over Rs 23,400 crore. Even among Central Public Sector Enterprises, the Corporation maintained the number one position for fourth-quarter profit for FY26. Last week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter as compared to Rs 19,013 crore in the corresponding period of the previous year.. The insurance behemoth was followed by the country's biggest lender State Bank of India (SBI), and the second-biggest lender HDFC Bank with profit of Rs 19,684 crore and Rs Rs 19,221 crore, respectively, during the fourth quarter, according to the financial numbers posted on exchanges. However, SBI significantly outpaced LIC in annual profit, earning Rs 80,032 crore in FY26 compared to LIC's Rs 57,419 crore. Similarly, HDFC Bank's profit stood at Rs 74,670 crore while ICICI Bank posted a profit of Rs 50,147 crore. Among other PSUs, Indian Oil Corporation (IOC) closed the fourth quarter with a net profit of Rs 11,378 crore followed by Coal India at Rs 10,839 crore, Power Finance Corporation (PFC) earned Rs 8,598 crore and NTPC Rs 8,747 crore as profit, as per the data available on stock exchanges. Other Central Public Sector Enterprises (CPSEs) like Power Grid Corporation of India posted a profit of Rs 4,546 crore, REC Ltd net profit at Rs 3,375 crore, and Steel Authority of India Ltd at Rs 1,680 crore. A day after the stellar performance of LIC, its shares jumped 5 per cent in opening trade at Rs 839 apiece on the BSE on May 23. LIC's Assets Under Management (AUM) increased to Rs 57,29,396 crore as of March 31, 2026, from Rs 54,52,297 crore on March 31, 2025, registering an increase of 5 per cent year-on-year. During the year, LIC's total premium income rose by 10 per cent to Rs 54,52,297 crore compared to Rs 54,52,297 crore a year ago. At the same time, adjusted net worth improved to Rs 1,69,605 crore from Rs 1,20,258 crore in FY25. Among the entire corporate sector. Vodafone Idea became the highest quarterly profit earner in the January-March quarter with a record bottomline of Rs 51,970 crore, its first ever in about six years mainly due to relief in statutory liabilities. It was followed by Reliance Industries with a net profit of Rs 16,971 crore, down from Rs 19,407 crore in the same January-March period in the preceding year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 24 2026 | 10:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter. State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making firm in the Indian financial sector in the March quarter, netting a little over Rs 23,400 crore. Even among Central Public Sector Enterprises, the Corporation maintained the number one position for fourth-quarter profit for FY26. Last week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter as compared to Rs 19,013 crore in the corresponding period of the previous year.. The insurance behemoth was followed by the country's biggest lender State Bank of India (SBI), and the second-biggest lender HDFC Bank with profit of Rs 19,684 crore and Rs Rs 19,221 crore, respectively, during the fourth quarter, according to the financial numbers posted on exchanges. However, SBI significantly outpaced LIC in annual profit, earning Rs 80,032 crore in FY26 compared to LIC's Rs 57,419 crore. Similarly, HDFC Bank's profit stood at Rs 74,670 crore while ICICI Bank posted a profit of Rs 50,147 crore. Among other PSUs, Indian Oil Corporation (IOC) closed the fourth quarter with a net profit of Rs 11,378 crore followed by Coal India at Rs 10,839 crore, Power Finance Corporation (PFC) earned Rs 8,598 crore and NTPC Rs 8,747 crore as profit, as per the data available on stock exchanges. Other Central Public Sector Enterprises (CPSEs) like Power Grid Corporation of India posted a profit of Rs 4,546 crore, REC Ltd net profit at Rs 3,375 crore, and Steel Authority of India Ltd at Rs 1,680 crore. A day after the stellar performance of LIC, its shares jumped 5 per cent in opening trade at Rs 839 apiece on the BSE on May 23. LIC's Assets Under Management (AUM) increased to Rs 57,29,396 crore as of March 31, 2026, from Rs 54,52,297 crore on March 31, 2025, registering an increase of 5 per cent year-on-year. During the year, LIC's total premium income rose by 10 per cent to Rs 54,52,297 crore compared to Rs 54,52,297 crore a year ago. At the same time, adjusted net worth improved to Rs 1,69,605 crore from Rs 1,20,258 crore in FY25. Among the entire corporate sector. Vodafone Idea became the highest quarterly profit earner in the January-March quarter with a record bottomline of Rs 51,970 crore, its first ever in about six years mainly due to relief in statutory liabilities. It was followed by Reliance Industries with a net profit of Rs 16,971 crore, down from Rs 19,407 crore in the same January-March period in the preceding year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 24 2026 | 10:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 24 2026 | 9:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 23 2026 | 10:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Qatar Holding LLC, an affiliate of the sovereign wealth fund Qatar Investment Authority, has sold 48.05 lakh shares of Adani Energy Solutions to Birla Mutual Fund for ?643 crore through open market transactions, according to data available on the BSE. Qatar Holding LLC offloaded 48,05,974 shares, representing a 0.40 per cent stake in Adani Energy Solutions, as per block deal data executed on Friday. The shares were disposed of at an average price of ?1,339 apiece, taking the deal value to ?643.52 crore. Meanwhile, Birla Mutual Fund acquired the same number of shares at the same price. Following the completion of the transaction, shares of Adani Energy Solutions on Friday rose 2.10 per cent to close at ?1,368 apiece on the BSE. Last month, Adani Energy Solutions posted a marginal rise of 1.3 per cent in its consolidated net profit at ?723 crore for the quarter ended March 2026, supported by a rise in revenues. The company had logged a net profit of ?714 crore in the year-ago period. Its total income rose to ?7,588.08 crore from ?6,596.39 crore in January-March FY25, the company said. In the entire fiscal, the net profit was at ?2,392.75 crore, over two-fold jump from ?921.69 crore as of March 31, 2025, and the total income rose to ?28,325.16 crore from ?24,446.55 crore, it added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 23 2026 | 9:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Qatar Holding LLC, an affiliate of the sovereign wealth fund Qatar Investment Authority, has sold 48.05 lakh shares of Adani Energy Solutions to Birla Mutual Fund for ?643 crore through open market transactions, according to data available on the BSE. Qatar Holding LLC offloaded 48,05,974 shares, representing a 0.40 per cent stake in Adani Energy Solutions, as per block deal data executed on Friday. The shares were disposed of at an average price of ?1,339 apiece, taking the deal value to ?643.52 crore. Meanwhile, Birla Mutual Fund acquired the same number of shares at the same price. Following the completion of the transaction, shares of Adani Energy Solutions on Friday rose 2.10 per cent to close at ?1,368 apiece on the BSE. Last month, Adani Energy Solutions posted a marginal rise of 1.3 per cent in its consolidated net profit at ?723 crore for the quarter ended March 2026, supported by a rise in revenues. The company had logged a net profit of ?714 crore in the year-ago period. Its total income rose to ?7,588.08 crore from ?6,596.39 crore in January-March FY25, the company said. In the entire fiscal, the net profit was at ?2,392.75 crore, over two-fold jump from ?921.69 crore as of March 31, 2025, and the total income rose to ?28,325.16 crore from ?24,446.55 crore, it added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 23 2026 | 9:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Qatar Holding LLC, an affiliate of the sovereign wealth fund Qatar Investment Authority, has sold 48.05 lakh shares of Adani Energy Solutions to Birla Mutual Fund for ?643 crore through open market transactions, according to data available on the BSE. Qatar Holding LLC offloaded 48,05,974 shares, representing a 0.40 per cent stake in Adani Energy Solutions, as per block deal data executed on Friday. The shares were disposed of at an average price of ?1,339 apiece, taking the deal value to ?643.52 crore. Meanwhile, Birla Mutual Fund acquired the same number of shares at the same price. Following the completion of the transaction, shares of Adani Energy Solutions on Friday rose 2.10 per cent to close at ?1,368 apiece on the BSE. Last month, Adani Energy Solutions posted a marginal rise of 1.3 per cent in its consolidated net profit at ?723 crore for the quarter ended March 2026, supported by a rise in revenues. The company had logged a net profit of ?714 crore in the year-ago period. Its total income rose to ?7,588.08 crore from ?6,596.39 crore in January-March FY25, the company said. In the entire fiscal, the net profit was at ?2,392.75 crore, over two-fold jump from ?921.69 crore as of March 31, 2025, and the total income rose to ?28,325.16 crore from ?24,446.55 crore, it added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 23 2026 | 9:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Qatar Holding LLC, an affiliate of the sovereign wealth fund Qatar Investment Authority, has sold 48.05 lakh shares of Adani Energy Solutions to Birla Mutual Fund for ?643 crore through open market transactions, according to data available on the BSE. Qatar Holding LLC offloaded 48,05,974 shares, representing a 0.40 per cent stake in Adani Energy Solutions, as per block deal data executed on Friday. The shares were disposed of at an average price of ?1,339 apiece, taking the deal value to ?643.52 crore. Meanwhile, Birla Mutual Fund acquired the same number of shares at the same price. Following the completion of the transaction, shares of Adani Energy Solutions on Friday rose 2.10 per cent to close at ?1,368 apiece on the BSE. Last month, Adani Energy Solutions posted a marginal rise of 1.3 per cent in its consolidated net profit at ?723 crore for the quarter ended March 2026, supported by a rise in revenues. The company had logged a net profit of ?714 crore in the year-ago period. Its total income rose to ?7,588.08 crore from ?6,596.39 crore in January-March FY25, the company said. In the entire fiscal, the net profit was at ?2,392.75 crore, over two-fold jump from ?921.69 crore as of March 31, 2025, and the total income rose to ?28,325.16 crore from ?24,446.55 crore, it added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 23 2026 | 9:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Qatar Holding LLC, an affiliate of the sovereign wealth fund Qatar Investment Authority, has sold 48.05 lakh shares of Adani Energy Solutions to Birla Mutual Fund for ?643 crore through open market transactions, according to data available on the BSE. Qatar Holding LLC offloaded 48,05,974 shares, representing a 0.40 per cent stake in Adani Energy Solutions, as per block deal data executed on Friday. The shares were disposed of at an average price of ?1,339 apiece, taking the deal value to ?643.52 crore. Meanwhile, Birla Mutual Fund acquired the same number of shares at the same price. Following the completion of the transaction, shares of Adani Energy Solutions on Friday rose 2.10 per cent to close at ?1,368 apiece on the BSE. Last month, Adani Energy Solutions posted a marginal rise of 1.3 per cent in its consolidated net profit at ?723 crore for the quarter ended March 2026, supported by a rise in revenues. The company had logged a net profit of ?714 crore in the year-ago period. Its total income rose to ?7,588.08 crore from ?6,596.39 crore in January-March FY25, the company said. In the entire fiscal, the net profit was at ?2,392.75 crore, over two-fold jump from ?921.69 crore as of March 31, 2025, and the total income rose to ?28,325.16 crore from ?24,446.55 crore, it added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 23 2026 | 9:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Qatar Holding LLC, an affiliate of the sovereign wealth fund Qatar Investment Authority, has sold 48.05 lakh shares of Adani Energy Solutions to Birla Mutual Fund for ?643 crore through open market transactions, according to data available on the BSE. Qatar Holding LLC offloaded 48,05,974 shares, representing a 0.40 per cent stake in Adani Energy Solutions, as per block deal data executed on Friday. The shares were disposed of at an average price of ?1,339 apiece, taking the deal value to ?643.52 crore. Meanwhile, Birla Mutual Fund acquired the same number of shares at the same price. Following the completion of the transaction, shares of Adani Energy Solutions on Friday rose 2.10 per cent to close at ?1,368 apiece on the BSE. Last month, Adani Energy Solutions posted a marginal rise of 1.3 per cent in its consolidated net profit at ?723 crore for the quarter ended March 2026, supported by a rise in revenues. The company had logged a net profit of ?714 crore in the year-ago period. Its total income rose to ?7,588.08 crore from ?6,596.39 crore in January-March FY25, the company said. In the entire fiscal, the net profit was at ?2,392.75 crore, over two-fold jump from ?921.69 crore as of March 31, 2025, and the total income rose to ?28,325.16 crore from ?24,446.55 crore, it added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 23 2026 | 9:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Qatar Holding LLC, an affiliate of the sovereign wealth fund Qatar Investment Authority, has sold 48.05 lakh shares of Adani Energy Solutions to Birla Mutual Fund for ?643 crore through open market transactions, according to data available on the BSE. Qatar Holding LLC offloaded 48,05,974 shares, representing a 0.40 per cent stake in Adani Energy Solutions, as per block deal data executed on Friday. The shares were disposed of at an average price of ?1,339 apiece, taking the deal value to ?643.52 crore. Meanwhile, Birla Mutual Fund acquired the same number of shares at the same price. Following the completion of the transaction, shares of Adani Energy Solutions on Friday rose 2.10 per cent to close at ?1,368 apiece on the BSE. Last month, Adani Energy Solutions posted a marginal rise of 1.3 per cent in its consolidated net profit at ?723 crore for the quarter ended March 2026, supported by a rise in revenues. The company had logged a net profit of ?714 crore in the year-ago period. Its total income rose to ?7,588.08 crore from ?6,596.39 crore in January-March FY25, the company said. In the entire fiscal, the net profit was at ?2,392.75 crore, over two-fold jump from ?921.69 crore as of March 31, 2025, and the total income rose to ?28,325.16 crore from ?24,446.55 crore, it added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 23 2026 | 9:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities and Exchange Board of India (Sebi) SEBI whole-time member Amarjeet Singh on Saturday said the regulator is undertaking a comprehensive review of the Portfolio Management Services (PMS) framework in consultation with industry body Association of Portfolio Managers in India (APMI) to "re-ignite growth" in the segment. Addressing the Wealth and Capital Market Summit organised by the Indian Chamber of Commerce, Singh said SEBI would soon float a consultation paper on the proposed reforms. "We are undertaking a comprehensive review of PMS and are engaged with APMI for consultations to re-ignite growth in this space. A consultation paper will be floated soon," Singh said. He also said the Securities and Exchange Board of India (SEBI) is currently in the consultation stage on issues related to donation, gifting and third-party payments in mutual funds, as the regulator seeks to balance investor convenience with anti-money laundering safeguards. SEBI's consultation paper issued on May 20 proposed a calibrated relaxation of the existing restrictions on third-party payments in mutual funds, which were originally framed under Prevention of Money Laundering Act (PMLA) norms. Under the proposed framework, third-party payments may be permitted through "clean and auditable routes" in select cases, including salary deductions by employers for systematic investments by employees and payment of distributor commissions in the form of mutual fund units instead of cash. The proposed system would allow listed companies, EPFO-registered firms and asset management companies to deduct a fixed amount from an employee's salary for investment in mutual fund schemes chosen by the employee. In another proposal, AMCs may be allowed to pay trail commissions to empanelled distributors through mutual fund units. However, SEBI has proposed safeguards under which redemption proceeds and dividends would flow only into the verified bank account of the beneficiary investor or distributor, ensuring that no third-party cash exits are permitted. Public comments on the consultation paper have been invited till June 10. Singh said the regulator is also examining a framework to facilitate charitable donations through mutual funds. Under the proposal, investors may be allowed to route part of their subscription amount, dividends or redemption proceeds directly to not-for-profit organisations or instruments listed on the Social Stock Exchange. The consultation paper has proposed either dedicated schemes focused on social causes or embedded donation features within existing mutual fund schemes. Asked about relentless foreign fund outflows from Indian equities, Singh said regulators are already working on simplification measures for overseas investors. Foreign institutional investors (FIIs) have sold Indian equities worth more than Rs 2.7 lakh crore between January and May 2026 so far, reflecting sustained pressure on domestic markets amid global uncertainty and shifting capital flows. "This is a matter involving multiple regulators. We are all working together and seeing what further simplification can be done," he said when asked about possible measures. "There are not many pain points on the table; however, there is always scope for improvement," he added. Discussions are also being held with the mutual funds' body AMFI on creating a common platform for asset management companies (AMCs), where investors can collectively raise concerns and seek specific information from companies. This, in turn, will strengthen the AMCs' ability to seek details and disclosures from companies, he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 23 2026 | 5:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 20.00% to Rs 0.12 crore For the full year,net profit reported to Rs 2.29 crore in the year ended March 2026 as against net loss of Rs 0.86 crore during the previous year ended March 2025. Sales declined 5.08% to Rs 0.56 crore in the year ended March 2026 as against Rs 0.59 crore during the previous year ended March 2025. First Published: May 23 2026 | 5:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 98.21% to Rs 0.01 crore For the full year,net profit declined 17.68% to Rs 1.35 crore in the year ended March 2026 as against Rs 1.64 crore during the previous year ended March 2025. Sales rose 14.75% to Rs 2.49 crore in the year ended March 2026 as against Rs 2.17 crore during the previous year ended March 2025. First Published: May 23 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net profit declined 78.08% to Rs 0.16 crore in the year ended March 2026 as against Rs 0.73 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: May 23 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 370.38% to Rs 21.12 crore For the full year,net loss reported to Rs 0.04 crore in the year ended March 2026 as against net profit of Rs 2.16 crore during the previous year ended March 2025. Sales rose 11.81% to Rs 21.12 crore in the year ended March 2026 as against Rs 18.89 crore during the previous year ended March 2025. First Published: May 23 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 4100.00% to Rs 0.42 crore For the full year,net profit declined 58.14% to Rs 0.18 crore in the year ended March 2026 as against Rs 0.43 crore during the previous year ended March 2025. Sales declined 84.25% to Rs 0.97 crore in the year ended March 2026 as against Rs 6.16 crore during the previous year ended March 2025. First Published: May 23 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: May 23 2026 | 11:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In a circular issued on 22 May 2026, the exchange said no new expiry month contracts will be introduced for the two securities after the expiry of existing contracts. The move follows SEBIs circular dated 30 August 2024 regarding revised eligibility criteria for stocks in the derivatives segment. NSE clarified that existing unexpired contracts in Exide Industries and Nuvama Wealth Management for May 2026, June 2026 and July 2026 expiry months will continue to remain available for trading until their respective expiry dates. The exchange will also continue introducing new strike prices in the existing contract months. However, no fresh contracts will be available for trading in these securities from 29 July 2026 onwards. First Published: May 23 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 37.37% to Rs 1162.16 crore For the full year,net profit reported to Rs 216.55 crore in the year ended March 2026 as against net loss of Rs 35.73 crore during the previous year ended March 2025. Sales rose 28.17% to Rs 4238.89 crore in the year ended March 2026 as against Rs 3307.14 crore during the previous year ended March 2025. First Published: May 23 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 24.26% to Rs 49.43 crore For the full year,net profit declined 69.35% to Rs 12.51 crore in the year ended March 2026 as against Rs 40.81 crore during the previous year ended March 2025. Sales rose 24.28% to Rs 199.45 crore in the year ended March 2026 as against Rs 160.49 crore during the previous year ended March 2025. First Published: May 23 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 9.87% to Rs 30.17 crore For the full year,net loss reported to Rs 22.91 crore in the year ended March 2026 as against net loss of Rs 56.83 crore during the previous year ended March 2025. Sales rose 19.59% to Rs 128.55 crore in the year ended March 2026 as against Rs 107.49 crore during the previous year ended March 2025. First Published: May 23 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindalco Industries reported record consolidated revenue and EBITDA for Q4 FY26, supported by strong performance across its India aluminium and copper businesses. Revenue from operations rose 20.4% YoY and 17.5% QoQ to a record Rs 78,133 crore during the quarter. EBITDA stood at an all-time high of Rs 11,197 crore in Q4 FY26, up 8.8% YoY and 31% sequentially from Rs 10,296 crore in Q4 FY25 and Rs 8,543 crore in Q3 FY26. Profit before tax before exceptional items rose 16% YoY and 40% QoQ to Rs 7,622 crore in Q4 FY26. However, reported profit before tax after exceptional items declined 47.3% YoY to Rs 3,451 crore due to exceptional losses during the quarter. The company reported exceptional losses of Rs 4,171 crore in Q4 FY26, mainly related to the Novelis Oswego plant fire in New York. Hindalco said Novelis incurred repair, clean-up and operational disruption costs following another major fire at the Oswego facility in November 2025. Net exceptional expenses associated with the Oswego incidents stood at Rs 4,565 crore during the quarter. On the cost front, raw material costs surged 38.2% YoY to Rs 55,890 crore in Q4 FY26 from Rs 40,430 crore in Q4 FY25. Employee expenses rose 12.6% to Rs 4,425 crore, finance costs increased 19.2% to Rs 1,042 crore, while depreciation expenses climbed 12.1% YoY to Rs 2,375 crore. The India aluminium upstream business delivered record quarterly EBITDA of Rs 5,448 crore, up 13% YoY, aided by favourable macros and stronger operational performance. Aluminium downstream revenue increased 35% YoY to Rs 4,867 crore, while downstream EBITDA rose 16% to a record Rs 255 crore supported by favourable product mix and higher shipments. The copper business posted record quarterly EBITDA of Rs 907 crore, up 48% YoY, despite lower treatment and refining charges. Copper revenue jumped 52% YoY to Rs 22,156 crore, supported by higher by-product realisations and strong operational performance. At Novelis, adjusted EBITDA per tonne improved 10% YoY to $544 despite lower shipments caused by the Oswego disruption. Revenue rose 4% YoY to $4.8 billion, while adjusted EBITDA declined 3% to $459 million due to lower volumes and tariff-related impacts. For FY26, Hindalco reported record consolidated revenue of Rs 2,74,944 crore, up 15.3% YoY from Rs 2,38,496 crore in FY25. Consolidated EBITDA rose 7.3% YoY to an all-time high of Rs 38,097 crore. FY26 profit before tax after exceptional items declined 17.2% YoY to Rs 18,496 crore from Rs 22,337 crore in FY25. Consolidated PAT fell 16.3% to Rs 13,391 crore from Rs 16,002 crore in the previous year due to exceptional losses related to the Oswego disruption. Net cash generated from operating activities declined sharply to Rs 10,250 crore in FY26 from Rs 24,410 crore in FY25. The company also recorded insurance recoveries related to the Sierre, Switzerland flood incident during FY26. Hindalco recognised property insurance recoveries of Rs 394 crore as exceptional income and business interruption recoveries of Rs 376 crore under other income. The board recommended a dividend of Rs 5 per share of face value Re 1 each for FY26. Hindalcos consolidated net debt-to-EBITDA ratio increased to 1.83x as of 31 March 2026 from 1.06x a year earlier. Commenting on the performance, managing director Satish Pai said the India business delivered record performance across aluminium upstream, downstream and copper operations, while Novelis demonstrated resilient underlying performance despite temporary disruptions. Hindalco Industries, the Aditya Birla Group metals flagship, is the worlds largest aluminium company by revenues, and the worlds second largest Copper rods manufacturer (outside China). Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants and aluminium smelting to downstream rolling, extrusions, and foils. Along with its subsidiary Novelis, Hindalco is the global leader in flat rolled products and the world's largest recycler of aluminium. Hindalco is India's largest copper producer, serving more than half the countrys copper requirements. Its copper facility in Gujarat, India, comprises a world-class copper smelter and refinery complex, downstream facilities, and a captive jetty. Hindalcos global footprint spans 48 manufacturing units across 10 countries. First Published: May 23 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 2.66% to Rs 564.10 crore For the full year,net profit reported to Rs 3.53 crore in the year ended March 2026 as against net loss of Rs 23.41 crore during the previous year ended March 2025. Sales rose 6.29% to Rs 1987.94 crore in the year ended March 2026 as against Rs 1870.25 crore during the previous year ended March 2025. First Published: May 23 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 0.46% to Rs 206.04 crore For the full year,net profit declined 61.62% to Rs 19.76 crore in the year ended March 2026 as against Rs 51.49 crore during the previous year ended March 2025. Sales declined 6.15% to Rs 557.86 crore in the year ended March 2026 as against Rs 594.44 crore during the previous year ended March 2025. First Published: May 23 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 13.68% to Rs 189.01 crore For the full year,net profit rose 28.00% to Rs 46.81 crore in the year ended March 2026 as against Rs 36.57 crore during the previous year ended March 2025. Sales rose 27.17% to Rs 1006.51 crore in the year ended March 2026 as against Rs 791.44 crore during the previous year ended March 2025. First Published: May 23 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 20.05% to Rs 29.27 crore For the full year,net profit declined 29.96% to Rs 72.69 crore in the year ended March 2026 as against Rs 103.78 crore during the previous year ended March 2025. Sales declined 4.53% to Rs 237.11 crore in the year ended March 2026 as against Rs 248.35 crore during the previous year ended March 2025. First Published: May 23 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 0.03 crore For the full year,net loss reported to Rs 3.55 crore in the year ended March 2026 as against net profit of Rs 0.24 crore during the previous year ended March 2025. Sales declined 99.86% to Rs 0.03 crore in the year ended March 2026 as against Rs 21.16 crore during the previous year ended March 2025. First Published: May 23 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 351.46% to Rs 34.13 crore For the full year,net profit reported to Rs 40.80 crore in the year ended March 2026 as against net loss of Rs 32.59 crore during the previous year ended March 2025. Sales rose 155.36% to Rs 81.23 crore in the year ended March 2026 as against Rs 31.81 crore during the previous year ended March 2025. First Published: May 23 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 5.27% to Rs 1068.85 crore For the full year,net profit declined 36.84% to Rs 100.13 crore in the year ended March 2026 as against Rs 158.54 crore during the previous year ended March 2025. Sales rose 3.19% to Rs 3987.64 crore in the year ended March 2026 as against Rs 3864.24 crore during the previous year ended March 2025. First Published: May 23 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 160.38% to Rs 83.87 crore For the full year,net profit rose 49.62% to Rs 62.99 crore in the year ended March 2026 as against Rs 42.10 crore during the previous year ended March 2025. Sales rose 115.56% to Rs 179.39 crore in the year ended March 2026 as against Rs 83.22 crore during the previous year ended March 2025. First Published: May 23 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 32.76% to Rs 31.98 crore For the full year,net profit declined 47.09% to Rs 46.83 crore in the year ended March 2026 as against Rs 88.51 crore during the previous year ended March 2025. Sales declined 22.10% to Rs 159.14 crore in the year ended March 2026 as against Rs 204.29 crore during the previous year ended March 2025. First Published: May 23 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The decision was taken at the 623rd meeting of the Central Board of Directors of the RBI held in Mumbai under the chairmanship of Governor Sanjay Malhotra. The board reviewed global and domestic economic conditions, including risks to the outlook, and approved the RBIs annual accounts for FY26. RBIs gross income rose 26.42% YoY, while expenditure before risk provisions increased 27.60%. Net income before risk provisions and transfer to statutory funds stood at Rs 3.96 lakh crore in FY26 compared with Rs 3.13 lakh crore in FY25. The central banks balance sheet expanded 20.61% YoY to Rs 91.97 lakh crore as of 31 March 2026. Under the revised Economic Capital Framework, the Contingent Risk Buffer (CRB) can be maintained between 4.5% and 7.5% of the RBIs balance sheet. The Central Board approved a transfer of Rs 1.09 lakh crore to the CRB for FY26, up 143.8% from Rs 44,861.70 crore in FY25, while maintaining the CRB at 6.5% of the balance sheet size. The meeting was attended by Deputy Governors Swaminathan J., Dr. Poonam Gupta, Shirish Chandra Murmu and Rohit Jain, along with other directors of the Central Board including Anand Mahindra, Venu Srinivasan and Pankaj Patel. First Published: May 22 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank, TCS an Infosys were top traded contracts In the cash market, the Nifty 50 index jumped 64.60 points or 0.27% to 23,719.30. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.49% to 17.91. HDFC Bank, Tata Consultancy Services (TCS) and Infosys were the top-traded individual stock futures contracts in the F&O segment of the NSE. The May 2026 F&O contracts will expire on 26 May 2026. First Published: May 22 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
S&P Global Ratings on Friday said state-owned Indian Oil Corporation (IOC) faces rising pressure to balance fuel affordability with profitability as prolonged tensions in West Asia increase crude oil prices and squeeze marketing margins. The ratings agency said disruptions in the Strait of Hormuz and elevated crude prices could widen the gap between domestic retail fuel prices and raw material costs, potentially hurting the company's earnings, cash flow and liquidity position over the next 12 months. India, the world's third-largest oil importer, relies heavily on imported crude to meet domestic fuel demand, with diesel accounting for nearly 39 per cent of total petroleum consumption. "IOC faces a conundrum. Its earnings and cash flow over the next 12 months are turning increasingly uncertain as the Middle East conflict becomes protracted. IOC has to balance its role of meeting the country's energy needs while absorbing losses due to high crude oil prices," it said. "Given the widening gap between the pump prices and crude oil input price, we cannot rule out the possibility of a material base-case revision." Shipping disruption in the Strait of Hormuz, resulting in elevated crude oil prices, potential feedstock shortages should the conflict prolong, and limited changes to the domestic pump prices are factors driving that possibility. "We believe a prolonged Middle East conflict and high crude oil prices could erode the company's financial cushion and liquidity position," the rating agency said. "However, IOC's strong banking relationships and access to funding markets could mitigate short-term liquidity stress." IOC has available committed and uncommitted working capital lines with banks and a track record of raising funds through commercial paper issuances. "In our view, IOC's minority stakes in Oil and Natural Gas Corp (ONGC), Oil India Ltd, and Gail (India) Ltd, with a combined market value of more than USD 3 billion, aid financial flexibility, if required," S&P said. In addition, there is an extremely high likelihood of extraordinary support from the government should the IOC come under financial stress. Recent government support came in the form of excise duty cuts and a 3-4 per cent increase in petrol and diesel prices. IOC reported stronger-than-expected earnings for the fiscal year ended March 2026, helped by healthy fuel demand growth, improved refining margins and working capital gains, S&P added. The results "were better than our expectations with free operating cash flows of Rs 40,000 crore and S&P Global Ratings adjusted debt of close to Rs 1.3 lakh crore," it said. Healthy volume growth, higher refining margins, and working capital gains have translated into an EBITDA of more than Rs 76,000 crore for the year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 22 2026 | 4:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 22 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Goodluck India has received an export order from an EPC player in Nepal for the supply of galvanized steel tower structures and fasteners for a 400 kV Double Circuit (D/C) Transmission Line project. The scope of the order includes manufacturing, prototype assembly, fabrication, galvanizing, bundling, and shipment of galvanized lattice steel towers along with fasteners. The total order quantity is approximately 14,500 MT, with an aggregate contract value of USD 13.6 Mn, which is our largest ever order in this division of the business. The execution of the order is expected to be carried out in phases as per the project schedule agreed with the customer. First Published: May 22 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 22 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Securities and Exchange Board of India (Sebi) First Published: May 22 2026 | 3:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
3M India rallied 5.45% to Rs 34,000 after the company reported a 201.73% year-on-year jump in net profit to Rs 215.34 crore in Q4 FY26, compared with Rs 71.37 crore in the same quarter last year. Profit before exceptional items stood at Rs 248.93 crore, up 10.52% from Rs 225.22 crore in Q4 FY25. The company also reported exceptional losses of Rs 40.24 crore during the quarter. For the full financial year FY26, the company posted a 9.71% increase in consolidated net profit to Rs 522.32 crore, while revenue from operations rose 14.49% year-on-year to Rs 5,089.76 crore over FY25. Aseem Joshi, managing director of 3M India, said, "The company delivered 16.8% sales growth in the fourth quarter and 14.5% sales growth for the full year, both versus prior period. For the quarter, Healthcare grew 21.3%, Safety & Industrial grew 19.5%, Consumer grew 15.7%, and Transportation & Electronics grew 12.6% versus prior year. For the financial year 2025-26, all business segments grew double digits with Health Care business leading the Companys growth. Our teams continued to execute well, with focus on customers and supply partners. I would like to thank our employees for their dedication and customer focus and to all our stakeholders for their support to our company. The board is pleased to recommend a dividend of Rs 506 per equity share (comprising a final dividend of Rs 160 and a special dividend of Rs 346 per share, which if approved at the forthcoming 39 th Annual General Meeting (AGM) to be held in August 2026, will be paid/dispatched to the shareholders within 30 days from the date of AGM of the company. The board of directors have fixed 17 July 2026 (Friday) as the record date for determining the entitlement of the shareholders for the payment of aforesaid dividends. Additionally, the company announced that Independent Director Radhika Rajan will cease to hold office upon completion of her second and final five-year term on 26 May 2026. She has been associated with the company since May 2016. The company noted that her experience in private equity, venture investments, business management, and securities markets has significantly benefited the organisation. The board placed on record its appreciation for her contributions and extended its gratitude and best wishes for her future endeavours. Further the companys board has appointed Kavita Nair as an additional director of the company, categorized as a non-executive and independent director, with effect from 27 May 2026, to hold office for a term of five consecutive years, subject to the approval of the shareholders of the company. In a separate development, the company has unanimously appointed Dwarakanath Ranganath Mavinakere (M D Ranganath), non-executive independent director, as the chairman of the board with effect from 27 May 2026. 3M India is a subsidiary of 3M Company, USA. The company manages its operations in four operating segments: safety & industrial, transportation & electronics, health care and consumer. In India, the company has manufacturing facilities at Ahmedabad, Bangalore, Pune and has a R&D centre in Bangalore. First Published: May 22 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 22 2026 | 3:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Venus Remedies has received Marketing Authorization from the Saudi Food and Drug Authority (SFDA) for Plerixafor. This is the first Marketing Authorization Venus Remedies has secured for Plerixafor anywhere in the world. It is also a deliberate step in the company's move toward complex, higher-value specialty injectables in oncology and critical care, replacing reliance on commodity injectable volumes with diifferentiated therapies in regulated markets. Plerixafor is a hematopoietic stem cell mobilizer used in combination with granulocyte-colony stimulating factor (G-CSF) to mobilize stem cells into peripheral blood for collection and autologous transplantation. It is standard-of-care in haemato-oncology, particularly for patients with multiple myeloma and non-Hodgkin lymphoma undergoing transplant. First Published: May 22 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TTK Prestige reported a consolidated net profit of Rs 36.82 crore in Q4 FY26 as against a net loss of Rs 40 crore reported in the corresponding quarter last year. Profit before exceptional items and tax stood at Rs 58.39 crore in Q4 FY26, compared with Rs 45.38 crore in Q4 FY25. The company reported an exceptional loss of Rs 1.82 crore during the quarter, mainly due to labor codedriven one-time employee benefit adjustments. Total expenses increased 10.64% YoY to Rs 688.21 crore in Q4 FY26. Cost of material consumed stood at Rs 52.13 crore (down 44.07% YoY) and employee benefit expenses at Rs 76.98 crore (up 10.19% YoY), while finance cost stood at Rs 2.59 crore (down 32.55% YoY) during the period under review. On a full-year basis, the company's net profit rose 42.82% to Rs 160.59 crore on a 9.53% rise in revenue to Rs 2,973.57 crore in FY26 over FY25. The Board has recommended a dividend of Rs 7.50 per equity share (750% on face value of Rs 1 each) for FY26, subject to approval of shareholders at the ensuing 70th Annual General Meeting. The dividend will be paid within 30 days from the date of the AGM. The company will hold its 70th Annual General Meeting on August 4, 2026, after which the dividend will be paid to shareholders. The company will announce the record date after approval, as per the official announcement. TTK Prestige manufactures kitchen appliances and cookware under the Prestige brand. Shares of TTK Prestige shed 0.29% to Rs 541.20 on the BSE. First Published: May 22 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ganesha Ecosphere Ltd, Central Bank of India, Max Healthcare Institute Ltd and GMR Power & Urban Infra Ltd are among the other losers in the BSE's 'A' group today, 22 May 2026. Ganesha Ecosphere Ltd, Central Bank of India, Max Healthcare Institute Ltd and GMR Power & Urban Infra Ltd are among the other losers in the BSE's 'A' group today, 22 May 2026. Engineers India Ltd lost 8.75% to Rs 216.35 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 7.16 lakh shares were traded on the counter so far as against the average daily volumes of 2.7 lakh shares in the past one month. Ganesha Ecosphere Ltd tumbled 7.26% to Rs 969.6. The stock was the second biggest loser in 'A' group.On the BSE, 81481 shares were traded on the counter so far as against the average daily volumes of 12740 shares in the past one month. Central Bank of India crashed 7.17% to Rs 31.48. The stock was the third biggest loser in 'A' group.On the BSE, 23.37 lakh shares were traded on the counter so far as against the average daily volumes of 4.5 lakh shares in the past one month. Max Healthcare Institute Ltd pared 7.12% to Rs 1013.8. The stock was the fourth biggest loser in 'A' group.On the BSE, 4.2 lakh shares were traded on the counter so far as against the average daily volumes of 89891 shares in the past one month. GMR Power & Urban Infra Ltd plummeted 6.76% to Rs 108.35. The stock was the fifth biggest loser in 'A' group.On the BSE, 4.46 lakh shares were traded on the counter so far as against the average daily volumes of 1.28 lakh shares in the past one month. First Published: May 22 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Income Tax First Published: May 22 2026 | 3:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rising commodity and logistics costs prompt latest hike Maruti Suzuki said it has been taking several cost reduction measures over the past few months to minimise the impact of rising costs. However, the adverse cost environment has forced the company to pass on part of the increase to customers. The company added that the exact quantum of the price hike will vary depending on the model. Automobile manufacturers have been facing pressure from higher commodity prices, rising logistics expenses and elevated input costs in recent quarters. Shares of Maruti Suzuki India were almost flat at Rs 13002.50 on the BSE. Maruti Suzuki India is engaged in the manufacture, purchase, and sale of motor vehicles, components, and spare parts (automobiles). On a standalone basis, net profit declined 6.9% YoY to Rs 3,590.5 crore in Q4 FY26 from Rs 3,857.3 crore in Q4 FY25. Revenue from operations rose 28.9% YoY to Rs 50,078.7 crore in Q4 FY26 compared with Rs 38,839.1 crore a year ago. The company reported a 33.29% jump in total sales volume to 2,39,646 units in April 2026 compared with 1,79,791 units in April 2025. First Published: May 22 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 5.28 crore in the year ended March 2026 as against net profit of Rs 3.94 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: May 22 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 6.29% to Rs 22.49 crore For the full year,net loss reported to Rs 3.20 crore in the year ended March 2026 as against net profit of Rs 5.06 crore during the previous year ended March 2025. Sales declined 11.79% to Rs 84.08 crore in the year ended March 2026 as against Rs 95.32 crore during the previous year ended March 2025. First Published: May 22 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 138.01% to Rs 4.07 crore For the full year,net loss reported to Rs 19.43 crore in the year ended March 2026 as against net loss of Rs 12.71 crore during the previous year ended March 2025. Sales rose 35.44% to Rs 8.56 crore in the year ended March 2026 as against Rs 6.32 crore during the previous year ended March 2025. First Published: May 22 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 35.36% to Rs 5.13 crore For the full year,net profit rose 32.05% to Rs 3.42 crore in the year ended March 2026 as against Rs 2.59 crore during the previous year ended March 2025. Sales rose 32.17% to Rs 18.90 crore in the year ended March 2026 as against Rs 14.30 crore during the previous year ended March 2025. First Published: May 22 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 86.36% to Rs 0.41 crore For the full year,net profit declined 25.00% to Rs 0.03 crore in the year ended March 2026 as against Rs 0.04 crore during the previous year ended March 2025. Sales declined 15.91% to Rs 0.74 crore in the year ended March 2026 as against Rs 0.88 crore during the previous year ended March 2025. First Published: May 22 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 22 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SMS Pharmaceuticals Ltd, RSD Finance Ltd, Grand Oak Canyons Distillery Ltd and Dishman Carbogen Amcis Ltd are among the other losers in the BSE's 'B' group today, 22 May 2026. SMS Pharmaceuticals Ltd, RSD Finance Ltd, Grand Oak Canyons Distillery Ltd and Dishman Carbogen Amcis Ltd are among the other losers in the BSE's 'B' group today, 22 May 2026. Suraj Ltd crashed 11.14% to Rs 231 at 14:11 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 202 shares were traded on the counter so far as against the average daily volumes of 164 shares in the past one month. SMS Pharmaceuticals Ltd tumbled 10.61% to Rs 380.9. The stock was the second biggest loser in 'B' group.On the BSE, 48063 shares were traded on the counter so far as against the average daily volumes of 10072 shares in the past one month. RSD Finance Ltd lost 10.20% to Rs 95.16. The stock was the third biggest loser in 'B' group.On the BSE, 2074 shares were traded on the counter so far as against the average daily volumes of 764 shares in the past one month. Grand Oak Canyons Distillery Ltd slipped 8.06% to Rs 26.68. The stock was the fourth biggest loser in 'B' group.On the BSE, 1152 shares were traded on the counter so far as against the average daily volumes of 1780 shares in the past one month. Dishman Carbogen Amcis Ltd fell 8.03% to Rs 195.8. The stock was the fifth biggest loser in 'B' group.On the BSE, 31448 shares were traded on the counter so far as against the average daily volumes of 51608 shares in the past one month. First Published: May 22 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
United Drilling Tools reported a 23.1% increase in consolidated net profit to Rs 4.79 crore in the fourth quarter of FY26, compared with Rs 3.89 crore posted in the corresponding quarter last year. Profit before tax (PBT) stood at Rs 6.95 crore in Q4 FY26, up 80.1% from Rs 3.86 crore reported in Q4 FY25. For the full financial year FY26, the company posted a 26.2% increase in consolidated net profit to Rs 18.97 crore, while revenue from operations rose 7.6% year-on-year to Rs 181.12 crore over FY25. Meanwhile, the companys board has recommended a final dividend of Rs 0.60 per equity share of face value Rs 10 each for FY26. The dividend is subject to shareholders approval at the ensuing Annual General Meeting (AGM). United Drilling Tools is a leading manufacturer of oil drilling-related equipment in India and has obtained global quality certifications for its major products. First Published: May 22 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Honasa Consumer Ltd recorded volume of 591.28 lakh shares by 14:14 IST on NSE, a 83.27 times surge over two-week average daily volume of 7.10 lakh shares Central Bank of India, JSW Cement Ltd, FSN E-Commerce Ventures Ltd, Life Insurance Corporation of India are among the other stocks to see a surge in volumes on NSE today, 22 May 2026. Honasa Consumer Ltd recorded volume of 591.28 lakh shares by 14:14 IST on NSE, a 83.27 times surge over two-week average daily volume of 7.10 lakh shares. The stock gained 9.29% to Rs.394.00. Volumes stood at 9.36 lakh shares in the last session. Central Bank of India witnessed volume of 789.86 lakh shares by 14:14 IST on NSE, a 19.27 times surge over two-week average daily volume of 40.98 lakh shares. The stock dropped 7.19% to Rs.31.48. Volumes stood at 25.36 lakh shares in the last session. JSW Cement Ltd registered volume of 932.93 lakh shares by 14:14 IST on NSE, a 17.44 fold spurt over two-week average daily volume of 53.49 lakh shares. The stock rose 7.16% to Rs.136.59. Volumes stood at 411.17 lakh shares in the last session. FSN E-Commerce Ventures Ltd recorded volume of 262.43 lakh shares by 14:14 IST on NSE, a 7.7 times surge over two-week average daily volume of 34.10 lakh shares. The stock gained 0.71% to Rs.276.45. Volumes stood at 58.38 lakh shares in the last session. Life Insurance Corporation of India recorded volume of 119.06 lakh shares by 14:14 IST on NSE, a 7.57 times surge over two-week average daily volume of 15.72 lakh shares. The stock gained 2.34% to Rs.818.90. Volumes stood at 40.74 lakh shares in the last session. First Published: May 22 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Media shares witnessed selling pressure for three consecutive trading sessions. At 14:25 IST, the barometer index, the S&P BSE Sensex advanced 377.21 points or 0.50% to 75,555.56. The Nifty 50 index added 101.55 points or 0.43% to 23,756.85. In the broader market, the BSE 150 MidCap Index rose 0.06% and the BSE 250 SmallCap Index jumped 0.08%. The market breadth was positive. On the BSE, 2,267 shares rose and 1,813 shares fell. A total of 203 shares were unchanged. Buzzing Index: The Nifty Media index declined 1.35% to 1,376.20. The index dropped 3.13% for the three consecutive trading sessions. Sun TV Network (down 5.94%), Prime Focus (down 3.68%), Zee Entertainment Enterprises (down 1.51%), D B Corp (down 1.2%), PVR Inox (down 0.65%), Hathway Cable & Datacom (down 0.2%), Network 18 Media & Investments (down 0.19%) and Nazara Technologies (down 0.05%) tumbled. Numbers to Track: The yield on India's 10-year benchmark federal paper declined 0.46% to 7.085 compared with the previous session close of 7.118. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.9150 compared with its close of 96.3650 during the previous trading session. MCX Gold futures for 5 June 2026 settlement declined 0.34% to Rs 159,061. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.01% to 99.27. The United States 10-year bond yield declined 0.52% to 4.566. In the commodities market, Brent crude for July 2026 settlement advanced $3.20 or 3.12% to $105.78 a barrel. Stock in Spotlight: SKM Egg Products Export (India) rallied 3.62% after the company reported a strong set of consolidated numbers for the quarter ended March 2026. On a consolidated basis, net profit rose to Rs 32.79 crore in Q4 FY26, up from Rs 6.37 crore in Q4 FY25, reflecting a YoY growth of about 414.76%. Revenue from operations increased 58.93% YoY to Rs 186.65 crore in Q4 FY26 from Rs 117.44 crore in the year-ago quarter. First Published: May 22 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aurobindo Pharma share price plunges 7% after Q4 results First Published: May 22 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 22 2026 | 2:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
SKM Egg Products Export (India) rose 2.72% to Rs 202.35 after the company reported a strong set of consolidated numbers for the quarter ended March 2026. Revenue from operations increased 58.93% YoY to Rs 186.65 crore in Q4 FY26 from Rs 117.44 crore in the year-ago quarter. On a sequential basis, revenue was down 8.37% QoQ from Rs 203.71 crore in Q3 FY26. Profit before tax stood at Rs 42.33 crore in Q4 FY26, up 329.31% vs Q4 FY25 and 5.82% vs Q3 FY26. Total expenditure rose 25.66% YoY to Rs 141.31 crore in Q4 FY26 from Rs 112.45 crore in Q4 FY25. The cost of material consumed jumped 29.02% YoY to Rs 103.94 crore. Power and fuel costs increased 23.61% YoY to Rs 5.34 crore. The company has approved a capital expenditure program of around Rs 410 crore to expand its poultry, feed, and biogas operations. The plan includes setting up new environment-controlled (EC) sheds and increasing layer bird capacity from 5 lakh to 20 lakh birds by replacing ageing open sheds, which is expected to boost annual egg production from about 13.5 crore to nearly 62 crore eggs. It also includes a new 20 MTPH feed mill and expansion of the biogas division with two additional digesters to produce 6,050 kg/day of compressed biogas, along with organic manure as a by-product. The capex will be funded through a Rs 302 crore term loan and internal accruals and is eligible for a 3% interest subvention on the loan. SKM Egg Products Export (India) has approved the acquisition of shares in SKM Universal Marketing Company (India) Private Limited, an associate company engaged in branded egg marketing under SKM Best Eggs and wind energy operations. The target entity reported a turnover of Rs 48.12 crore in FY26 and a net worth of Rs 11.32 crore. The company will acquire a 74% stake for a total consideration of Rs 27.75 crore, payable in cash, as part of its strategic expansion and synergy-driven investment. SKM Egg Products Export (India) is an export-oriented undertaking engaged in the production and sale of eggs and the manufacture and sale of egg products. The company's revenue is mainly on account of the export of egg products. First Published: May 22 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vanni Arasu of the Viduthalai Chiruthaigal Katchi (VCK) and A. M. Shahjahan of the Indian Union Muslim League (IUML) took oath as ministers at Lok Bhavan in Chennai. Governor Rajendra Arlekar administered the oath of office and secrecy. Vanni Arasu was elected from the Tindivanam Assembly constituency, while Shahjahan represents the Papanasam constituency. Both VCK and IUML, which have two MLAs each, had extended support to the Tamilaga Vettri Kazhagam (TVK)-led government after the 2026 Assembly elections. The induction marks the first time VCK has secured representation in the Tamil Nadu cabinet. Media reports said Shahjahan is expected to handle Minority Welfare and Wakf-related portfolios, while Vanni Arasu may oversee Social Justice-related departments. The cabinet expansion further strengthens the coalition government led by Vijay, whose TVK emerged as the single largest party in the 2026 Tamil Nadu Assembly elections. Congress, VCK and IUML are now part of the ruling coalition, while CPI and CPI(M) continue to extend outside support. First Published: May 22 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Info Edge First Published: May 22 2026 | 1:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
360 ONE Asset Management (AMC), a wholly owned subsidiary of 360 ONE WAM, has received 'No Objection' letter from Securities and Exchange Board of India on 21 May 2026, to undertake following activities permitted under Regulation 21(b) of the SEBI (Mutual Funds) Regulations, 2026 through 360 ONE Global Asset Management (IFSC) (GAM), a wholly owned subsidiary of AMC, in Gujarat International Finance Tec-City (GIFT City): AMC will infuse necessary capital into GAM and obtain final registration certificate from International Financial Services Centres Authority and commence fund / portfolio management activities at GIFT City in due course. First Published: May 22 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 13:30 IST, the barometer index, the S&P BSE Sensex jumped 536.24 points or 0.71% to 75,714.93. The Nifty 50 index surged 158.25 points or 0.67% to 23,812.65. In the broader market, the BSE 150 MidCap Index rose 0.28% and the BSE 250 SmallCap Index added 0.02%. The market breadth was strong. On the BSE, 2,320 shares rose and 1,666 shares fell. A total of 213 shares were unchanged. In the commodities market, Brent crude for July 2026 settlement advanced $2.98 or 2.91% to $105.56 a barrel. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.8825 compared with its close of 96.3650 during the previous trading session. Gainers & Losers: Trent (up 2.94%), Shriram Finance (up 2.91%), Wipro (up 2.68%), Axis Bank (up 2.60%) and Asian Paints (up 2.40%) were the major Nifty50 gainers. Max Healthcare Institute (down 4.65%), Sun Pharmaceutical Industries (down 1.60%), Power Grid Corporation of India (down 1.52%), Oil & Natural Gas Corporation (down 1.42%) and ITC (down 1.33%) were the major Nifty50 losers. Stocks in Spotlight: Quick Heal Technologies declined 6.63% after the companys consolidated net loss widened to Rs 19.94 crore in Q4 FY26 as against a net loss of Rs 3.25 crore reported in Q4 FY25. Revenue from operations declined 25.19% year on year (YoY) to Rs 48.73 crore in the quarter ended 31 March 2026. Laxmi Dental hit an upper limit of 20% after the integrated dental products company reported strong consolidated Q4 FY26 earnings, aided by robust growth across its dental laboratory and aligner businesses. The companys consolidated profit after tax after share of profit/loss from joint ventures surged 136.1% YoY to Rs 10.09 crore in Q4 FY26 from Rs 4.27 crore in Q4 FY25. Revenue from operations rose 21.9% YoY and 12% QoQ to Rs 73.95 crore during the quarter. Life Insurance Corporation of India advanced 2.36% after the company reported 23.3% rise in consolidated net profit to Rs 23,467.18 crore in Q4 FY26 from Rs 19,038.67 crore in Q4 FY25. Total income for the period under review was Rs 2,79,909.41 crore, up 14.7% YoY. Gail (India) added 1.80%. The company reported a 38.40% drop in standalone net profit to Rs 1,262.18 crore on a 2.54% fall in revenue from operations to Rs 34,797.03 crore in Q4 FY26 over Q4 FY25. VA Tech Wabag rallied 2.24% after the company reported a 28.6% jump in consolidated net profit to Rs 128.30 crore on a 22.3% rise in revenue to Rs 1,414.4 crore in Q4 FY26 over Q4 FY25. Global Markets: European and Asian market traded higher on Friday as investors assess U.S.-Iran diplomatic efforts at reaching a peace deal in the Middle East. Tehran intending to keep its enriched uranium stockpile within the country, according to a media report, could complicate negotiations with Washington, as President Donald Trump has made dismantling Irans nuclear program a central objective of his military action against Tehran. On the data front, Japans core inflation eased more than expected in April to its lowest level since March 2022, weakening the case for an early rate hike by the Bank of Japan. Core inflation, which strips out prices of fresh food, came in at 1.4%, lower than the 1.7% figure that was widely reported in the media and below the 1.8% reading in March. Overnight on Wall Street, the Dow Jones Industrial Average rose to a record close Thursday as oil prices and Treasury yields were volatile, with traders hoping for a resolution to the Middle East conflict. The blue-chip index gained 276.31 points, or 0.55%, for a closing record of 50,285.66. The S&P 500 advanced 0.17% to 7,445.72, while the Nasdaq Composite increased 0.09% to end at 26,293.10. First Published: May 22 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Central Bank of India dropped 6.52% to Rs 31.70 after the government launched an offer for sale (OFS) to divest stake in the public sector lender. According to BSE data, the OFS opened for non-retail investors on 22 May 2026 and will open for retail investors on 25 May 2026. The base offer comprises 36.20 crore shares, representing around 4% equity stake in the bank, with an oversubscription option of an additional 36.20 crore shares. Including the greenshoe option, the total OFS size stands at 72.41 crore shares, equivalent to around 8% of the banks total equity share capital. Of the total offer, 32.58 crore shares have been reserved for non-retail investors, while 3.62 crore shares have been earmarked for retail investors under the base offer. As of 1:05 PM on 22 May 2026, the non-retail portion of the OFS had received bids for 6.23 crore shares, translating into 19.14% subscription against the base non-retail offer size of 32.58 crore shares. The government may also offer an additional 75 lakh shares to eligible employees under a separate employee offer. Eligible employees can apply for shares worth up to Rs 5 lakh under the scheme. The Government of India held 89.27% stake in the PSU lender. On a standalone basis, the PSU lender's net profit fell 29.91% to Rs 724.43 crore on 4.62% increase in total income to Rs 10,810.49 crore in Q4 March 2026 over Q4 March 2026. First Published: May 22 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Technical outlook on smallcap banks by Om Mehra, technical research analyst at SAMCO Securities. First Published: May 22 2026 | 1:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahanagar Telephone Nigam (MTNL) added 1.21% to Rs 29.22 after the company's consolidated net loss reduced to Rs 306.95 crore in Q4 FY26 from a net loss of Rs 827.88 crore posted in Q4 FY25. Revenue from operations jumped 34.52% year on year (YoY) to Rs 370.51 crore in the quarter ended 31 March 2026. The firm reported a pre-tax loss of Rs 306.82 crore in Q4 FY26, compared to a pre-tax loss of Rs 828.50 crore in Q4 FY25. Total expenses rose 2.51% YoY to Rs 1,188.01 crore in the March 2026 quarter. License fees and spectrum charges stood at Rs 15.92 crore (down 7.11% YoY), while employee benefit expense was at Rs 155.07 crore (up 4.04% YoY), and finance cost stood at Rs 738.12 crore (up 3.12% YoY) during the period under review. On the margins front, the company reported a negative operating margin of 21.58% in Q4 FY26 as compared with a negative 60.62% recorded in Q4 FY25. The PSU firm also reported a negative net profit margin of 82.84% in Q4 FY26 as against a negative 300.59% registered in a similar quarter of the previous fiscal. Mahanagar Telephone Nigam announced the appointment of Shri Vasudev Singh (GM Finance, MTNL CO) as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) with effect from 21 May 2026, following approval by the Board on the recommendation of the Nomination & Remuneration Committee and Audit Committee. He replaces Shri Anirudh Prasad Singh. Mahanagar Telephone Nigam is engaged in providing telecom services. First Published: May 22 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
DEE Development Engineers shares First Published: May 22 2026 | 12:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Ajaya Mohanty First Published: May 22 2026 | 12:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The dollar index stays firmly above 99 mark on Friday, amid growing uncertainty surrounding a deal between US and Iran. Elevated crude oil prices and ensuing higher inflation and interest rate scenario is keeping the dollar index afloat. The US Dollar Index, an index of the value of the US Dollar measured against a basket of six world currencies, currently trades near 99.25, a six week high. Data released by the US Department of Labor on Thursday showed that the number of Americans filing claims for unemployment benefits fell last week, indicating labor market resilience and providing the Federal Reserve (Fed) with room to focus on rising inflation. First Published: May 22 2026 | 12:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
NIBE soared 12.86% to Rs 1,460, extending gains for the second consecutive session after the company announced successful Indian Army technical trials for its Vayu Astra-1 loitering munition system. NIBE shares have surged 34.74% over the past month, although the stock remains down 4.05% over the last one year. The company said the Vayu Astra-1 successfully completed technical trials against the Indian Armys request for proposal at Pokhran in Rajasthan and Joshimath (Malari) in Uttarakhand, demonstrating a strike range of 100 km. During anti-personnel strike trials, the loitering munition carrying a 10 kg warhead hit a target 100 km away in a single attempt with a circular error probable (CEP) of less than one metre. The system also demonstrated abort, attack and re-attack capabilities. NIBE also conducted anti-armor night strike trials using an infrared camera. The system hit the target within a 2-metre CEP in a single attempt. The company said it also demonstrated the capability to transfer operational control from the ground control station to a forward control station located 70 km away. In endurance trials conducted at Joshimath, the Vayu Astra-1 achieved flight endurance of over 90 minutes at altitudes exceeding 14,000 feet. The loitering munition was also safely recovered after mission completion for reuse in subsequent flights. NIBE is engaged in the development, manufacturing and integration of defence systems, with a focus on indigenous defence technologies and exports. On a consolidated basis, NIBE reported net loss of Rs 17.06 crore in Q3 December 2025 as against net profit of Rs 2.07 crore in Q3 December 2024. Net sales declined 60.26% YoY to Rs 59.08 crore in Q3 December 2025. First Published: May 22 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ramco Systems stock price First Published: May 22 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ramco Systems hit an upper circuit 20% at Rs 469.90 after the company's consolidated net profit surged four-fold to Rs 25.04 crore in Q4 FY26, compared with Rs 5.30 crore in Q4 FY24. Profit before tax (PBT) surged 197.84% YoY to Rs 22.10 crore in Q4 FY26. In dollar terms, the companys profit soared 322.39% YoY to $2.83 million while revenue from operations increased 13.05% to $20.44 million in Q4 FY26. On full year basis, the company reported consolidated net profit of Rs 41.84 crore in FY26 compared with net loss of Rs 34.24 crore in FY25. Revenue from operations jumped 18.54% YoY to Rs 700.95 crore in FY26. In dollar terms, EBITDA stood at $18.9m in FY26, up 24%. In FY26, the order bookings stood at $51.7 million, cash balance stood at $13.3 million. The companys net cash flow from operating activities climbed 18.62% to Rs 134.44 crore in FY26 compared with Rs 113.34 crore in FY25. Abinav Raja, managing director, Ramco Systems, said, "We continue to remain focussed on delivery and execution. At the same time, we are actively working towards becoming a truly Al-native company: building Al - native products that transform how our customers experience our solutions, while embedding Al deeply into how we operate as an organisation. This, we believe, will be the defining driver of our next phase of growth. Sandesh Bilagi, president & COO, Ramco Systems, said, 'During the year, we delivered revenue growth yearon-year, supported by improved operational discipline and strong cash accrual into the business. While we expect some near-term moderation in our Aviation business, due to the evolving geopolitical situation in West Asia, our core financial performance remains resilient. Our focus on disciplined execution and operational efficiency remains unchanged. Our Payroll business will be a key growth engine, having witnessed 25% year-on -year revenue growth, and demonstrating a strong product-market fit across global markets. As we look ahead, we remain focused on accelerating growth through continued innovation and strategic partnerships." Ramco Systems is a global enterprise software provider with over 25 years of experience, serving 800+ customers and more than two million users across sectors such as payroll, aviation, aerospace and ERP. The company focuses on cloud and mobile-based solutions, with a strong emphasis on innovation through technologies like AI, machine learning, RPA and blockchain to drive digital transformation. First Published: May 22 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
OCCL Ltd, Laxmi Dental Ltd, John Cockerill India Ltd and Manali Petrochemicals Ltd are among the other gainers in the BSE's 'B' group today, 22 May 2026. OCCL Ltd, Laxmi Dental Ltd, John Cockerill India Ltd and Manali Petrochemicals Ltd are among the other gainers in the BSE's 'B' group today, 22 May 2026. Ramco Systems Ltd soared 20.00% to Rs 469.5 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 1.66 lakh shares were traded on the counter so far as against the average daily volumes of 2731 shares in the past one month. OCCL Ltd surged 19.99% to Rs 116.01. The stock was the second biggest gainer in 'B' group. On the BSE, 33141 shares were traded on the counter so far as against the average daily volumes of 4361 shares in the past one month. Laxmi Dental Ltd spiked 19.98% to Rs 248.9. The stock was the third biggest gainer in 'B' group. On the BSE, 2.53 lakh shares were traded on the counter so far as against the average daily volumes of 15304 shares in the past one month. John Cockerill India Ltd exploded 15.64% to Rs 6221.05. The stock was the fourth biggest gainer in 'B' group. On the BSE, 11862 shares were traded on the counter so far as against the average daily volumes of 2186 shares in the past one month. Manali Petrochemicals Ltd rose 15.53% to Rs 64.05. The stock was the fifth biggest gainer in 'B' group. On the BSE, 10.23 lakh shares were traded on the counter so far as against the average daily volumes of 20938 shares in the past one month. First Published: May 22 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 12:28 IST, the barometer index, the S&P BSE Sensex added 427.10 points or 0.57% to 75,614.09. The Nifty 50 index rose 135.90 points or 0.57% to 23,790.60. In the broader market, the BSE 150 MidCap Index rose 0.08% and the BSE 250 SmallCap Index shed 0.02%. The market breadth was strong. On the BSE, 2,263 shares rose and 1,647 shares fell. A total of 222 shares were unchanged. In the commodities market, Brent crude for July 2026 settlement advanced $2.62 or 2.55% to $105.20 a barrel. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.9500 compared with its close of 96.3650 during the previous trading session. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 3.14% to 18.38. The Nifty 26 May 2026 futures were trading at 23,809, at a premium of 18.4 points as compared with the spot at 23,790.60. The Nifty option chain for the 26 May 2026 expiry showed a maximum call OI of 139.9 lakh contracts at the 24,000 strike price. Maximum put OI of 124.3 lakh contracts was seen at a 23,500 strike price. Buzzing Index: The Nifty Auto index added 0.58% to 26,136.70. The index added 1.99% in the four consecutive trading session. Sona BLW Precision Forgings (up 2.37%), Eicher Motors (up 1.72%), TVS Motor Company (up 1.61%), Bosch (up 1.55%), Uno Minda (up 1.45%), Ashok Leyland (up 0.78%), Hero MotoCorp (up 0.77%), Tata Motors Passenger Vehicles (up 0.73%), Bharat Forge (up 0.58%) and Mahindra & Mahindra (up 0.43%) added. On the other hand, Samvardhana Motherson International (down 0.88%), Bajaj Auto (down 0.55%) edged higher. Stocks in Spotlight: Quick Heal Technologies declined 6.61% after the companys consolidated net loss widened to Rs 19.94 crore in Q4 FY26 as against a net loss of Rs 3.25 crore reported in Q4 FY25. Revenue from operations declined 25.19% year on year (YoY) to Rs 48.73 crore in the quarter ended 31 March 2026. Laxmi Dental hit an upper limit of 20% after the integrated dental products company reported strong consolidated Q4 FY26 earnings, aided by robust growth across its dental laboratory and aligner businesses. The companys consolidated profit after tax after share of profit/loss from joint ventures surged 136.1% YoY to Rs 10.09 crore in Q4 FY26 from Rs 4.27 crore in Q4 FY25. Revenue from operations rose 21.9% YoY and 12% QoQ to Rs 73.95 crore during the quarter. First Published: May 22 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Page Industries shares gain 5% post Q4 results; ?150 dividend declared First Published: May 22 2026 | 12:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kesar Infraventures, wholly owned subsidiary of Kesar India has secured a major engineering, procurement and construction (EPC) contract on 21 May 2026 for a large-scale residential development project located at at Siddharth Nagar, Byculla in Central Mumbai. The contract, awarded by Zee Enterprises, carries an estimated execution value of approximately Rs 160 crore. The project involves execution of residential towers along with allied infrastructure and amenities, including RCC construction, internal and external development works, electrical systems, plumbing, firefighting systems, roads, drainage, landscaping and associated infrastructure facilities. First Published: May 22 2026 | 12:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sandhar Technologies hit new 52-week high in Friday's trade. First Published: May 22 2026 | 11:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 22 2026 | 11:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ganesha Ecosphere surged 7.12% to Rs 1,119.30 after reporting strong sequential performance in Q4 FY26. On a consolidated basis, Ganesha Ecospheres net profit zoomed 389.66% to Rs 23.21 crore in Q4 FY26 as against Rs 4.74 crore in Q3 FY26. Revenue from operations rose 18.68% to Rs 423.94 crore in Q4 FY26 over Q3 FY26. PBT surged 278.89% to Rs 30.88 crore in Q4 FY26 over Q3 FY26. On a year-on-year basis, the company's consolidated net profit fell 2.27% while revenue from operations advanced 23.10% in Q4 FY26. PBT declined 4.69% YoY. The company has recommended a dividend of Rs 3.50 per equity share of face value Rs 10 (i.e., 35%), subject to approval of shareholders at the ensuing Annual General Meeting, for FY26. Ganesha Ecosphere is a leading PET Waste Recycling company in India and is engaged in the manufacturing of Recycled Polyester Staple Fibre (RPSF), Spun yarn and dyed texturised yarn in India. First Published: May 22 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Consumer durables shares rebounded after witnessing losses in the previous trading session. At 11 25 IST, the barometer index, the S&P BSE Sensex added 389.13 points or 0.50% to 75,565.69. The Nifty 50 index rose 106.20 points or 0.45% to 23,760.35. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.13% and the BSE 250 SmallCap Index adanced 0.09%. The market breadth was strong. On the BSE, 2,031 shares rose and 1,509 shares fell. A total of 229 shares were unchanged. In the commodities market, Brent crude for July 2026 settlement advanced $1.51 or 1.47% to $104.09 a barrel. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 96.1700 compared with its close of 96.3650 during the previous trading session. Buzzing Index: The Nifty Consumer Durables index jumped 0.69% to 35,423. The index jumped 1.20% in the two consecutive trading sessions. Dixon Technologies (India) (up 4.64%), Crompton Greaves Consumer Electricals (up 1.76%), PG Electroplast (up 1.72%), Kajaria Ceramics (up 0.78%), Bata India (up 0.48%), Kalyan Jewellers India (up 0.3%), Blue Star (up 0.04%) surged. Stocks in Spotlight: Life Insurance Corporation of India added 2.45% after the company reported 23.3% rise in consolidated net profit to Rs 23,467.18 crore in Q4 FY26 from Rs 19,038.67 crore in Q4 FY25. Total income for the period under review was Rs 2,79,909.41 crore, up 14.7% YoY. Quick Heal Technologies declined 6.88% after the companys consolidated net loss widened to Rs 19.94 crore in Q4 FY26 as against a net loss of Rs 3.25 crore reported in Q4 FY25. Revenue from operations declined 25.19% year on year (YoY) to Rs 48.73 crore in the quarter ended 31 March 2026. Laxmi Dental hit an upper limit of 20% after the integrated dental products company reported strong consolidated Q4 FY26 earnings, aided by robust growth across its dental laboratory and aligner businesses. The companys consolidated profit after tax after share of profit/loss from joint ventures surged 136.1% YoY to Rs 10.09 crore in Q4 FY26 from Rs 4.27 crore in Q4 FY25. Revenue from operations rose 21.9% YoY and 12% QoQ to Rs 73.95 crore during the quarter. Global Markets: Asia market traded higher Friday as investors assess U.S.-Iran diplomatic efforts at reaching a peace deal in the Middle East. Tehran intending to keep its enriched uranium stockpile within the country, according to a media report, could complicate negotiations with Washington, as President Donald Trump has made dismantling Irans nuclear program a central objective of his military action against Tehran. On the data front, Japans core inflation eased more than expected in April to its lowest level since March 2022, weakening the case for an early rate hike by the Bank of Japan. Core inflation, which strips out prices of fresh food, came in at 1.4%, lower than the 1.7% figure that was widely reported in the media and below the 1.8% reading in March. Overnight on Wall Street, the Dow Jones Industrial Average rose to a record close Thursday as oil prices and Treasury yields were volatile, with traders hoping for a resolution to the Middle East conflict. The blue-chip index gained 276.31 points, or 0.55%, for a closing record of 50,285.66. The S&P 500 advanced 0.17% to 7,445.72, while the Nasdaq Composite increased 0.09% to end at 26,293.10. First Published: May 22 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Max Healthcare Q4 results First Published: May 22 2026 | 11:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RBI may now have to consider a similar strategy, including encouraging banks to issue overseas bonds First Published: May 22 2026 | 11:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 22 2026 | 11:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Central Bank of India OFS opens today; stock cracks 6% First Published: May 22 2026 | 11:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian shares advanced Friday following modest gains on Wall Street, while oil prices rose as efforts to end the Iran war yielded limited results. Oil prices had eased Thursday in US trading, alleviating pressure from the bond market as yields fell. Earlier this week yields climbed so high they threatened to slow economies worldwide and undercut prices for stocks, bitcoin and all kinds of other investments. US futures edged higher and Tokyo's Nikkei 225 was up 2.7 per cent at 63,352.44. A report showed inflation hitting a four-year low in April, at 1.4 per cent, despite higher prices for oil and gas due to the war. South Korea's Kospi gained 0.6 per cent to 7,860.59. Hong Kong's Hang Seng rose 1.2 per cent to 25,685.65, while the Shanghai Composite index climbed 0.5 per cent to 4,096.24. Australia's S&P/ASX 200 was up 0.5 per cent at 8,664.00. Taiwan's Taiex was trading 1.5 per cent higher, while India's Sensex edged up 0.2 per cent. Oil prices remained elevated over disruptions around the Strait of Hormuz, a critical waterway for oil and gas transit, with shipping activities still well below before the Iran war began in late February. Talks between the US and Iran have dragged on, adding to uncertainty. Republicans in Congress struggled Thursday to find the votes to dismiss legislation that would compel President Donald Trump to withdraw from the war, delaying planned votes on the matter into June. Brent crude, the international standard, gained 1.5 per cent to $104.08 a barrel. It was around $70 per barrel in February before the war's start. Benchmark US crude traded 0.9 per cent higher at $97.25 a barrel. "Markets are still searching for signs of progress in a potential deal between the US and Iran," ING commodities strategists Warren Patterson and Ewa Manthey wrote in a note on Friday. "While there are signs of optimism, uncertainty reigns." Wall Street gained on Thursday, with the benchmark S&P 500 adding 0.2 per cent to 7,445.72. The Dow Jones Industrial Average climbed 0.6 per cent to 50,285.66, while the technology-heavy Nasdaq composite edged up 0.1 per cent to 26,293.10. Shares of Nvidia fell 1.8 per cent despite better-than-expected quarterly results on the artificial intelligence frenzy, with some analysts believing its share price still as undervalued. Southwest Airlines gained 2.7 per cent and American Airlines climbed 4.9 per cent as oil prices eased before bouncing back. Ralph Lauren surged 13.9 per cent following stronger-than-expected quarterly results. In other dealings early Friday, the yield on the US 10-year Treasury was at 4.56 per cent, down from more than 4.67 per cent earlier in the week, when higher global inflationary pressures stemming from the war fuelled a surge in bond yields. The US dollar rose to 159.02 Japanese yen from 158.98 yen. The euro was trading at $1.1613, down from $1.1619. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 22 2026 | 11:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ITC stock outlook: Ajit Mishra expects the stock to consolidate in ?280-?330 range for now. First Published: May 22 2026 | 11:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 9:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 8:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 8:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The OMCs had also raised concerns over the tax structure for higher ethanol blends. They had informed the government that E100 attracts GST of 18 per cent, compared to 5 per cent on E20 This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 8:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 8:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee strengthened by 65 paise to settle at 96.20 per dollar against the previous close of 96.83 per dollar. First Published: May 21 2026 | 7:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Max Healthcare Institute reported a 7.27% increase in net profit to Rs 342.22 crore for the fourth quarter ended March 2026, compared with Rs 319 crore posted in the corresponding quarter last year. The companys network gross revenue stood at Rs 2,664 crore, registering a 10% YoY growth, primarily driven by higher occupied bed days (OBDs). International patient revenue increased 12% YoY to Rs 227 crore and contributed around 9% of hospital revenue. Network operating EBITDA came in at Rs 682 crore, up 8% YoY. EBITDA margin for the network stood at 26.8% compared with 27.2% in Q4 FY25 and 26.1% in Q3 FY26. The company said clinician costs increased nearly 230 basis points YoY and 120 basis points sequentially due to aggressive hiring of clinical talent to support future growth and ongoing capacity expansions. Overall EBITDA per bed stood at Rs 73.4 lakh compared with Rs 73.9 lakh in Q4 FY25 and Rs 71.3 lakh in Q3 FY26. Max Lab, the companys non-captive pathology business, reported revenue of Rs 52 crore during the quarter, reflecting growth of 14% YoY and 11% QoQ. The pathology network now operates across more than 60 cities and offers over 2,700 tests. Max@Home reported gross revenue of Rs 73 crore, up 30% YoY and 8% QoQ, driven by growth in physiotherapy, rehabilitation, nursing care, sample collection, and medicine delivery services. Network PAT stood at Rs 387 crore, compared with Rs 376 crore in Q4 FY25, registering growth of 3% YoY and 12% sequentially. Free cash flow from operations rose to Rs 581 crore in Q4 FY26 from Rs 422 crore in the year-ago quarter. During the quarter, the company deployed Rs 328 crore towards ongoing expansion plans and new unit upgrades. Net debt at the end of March 2026 stood at Rs 1,908 crore compared with Rs 2,166 crore at the end of December 2025. The company said nearly 20% additional brownfield capacity has been commissioned over the last six months, with another 10% capacity addition expected from the upcoming Gurugram facility later this year. A 400-bed brownfield tower at Max Smart Super Speciality Hospital was commissioned in April 2026. Currently, 156 beds have been handed over to operations, with the remaining beds expected to be progressively handed over during the next quarter. Additionally, a 160-bed brownfield tower at MSSH, Mohali has been fully commissioned and operationalized. Similarly, 116 beds out of the planned 280-bed brownfield tower at Nanavati Max have been operationalized, with the balance beds expected to become operational over the next three months. Max Healthcare also completed the acquisition of a 58.28% controlling stake in Kalinga Hospital on 18 May 2026, making it a subsidiary of the company. Kalinga Hospital operates a 250-bed facility spread across a prime 10-acre land parcel in the heart of Bhubaneswar, Odisha. Meanwhile, the board approved an investment of around Rs 1,400 crore for the construction of a 712-bed greenfield hospital at Shaheed Path in Lucknow. The facility is expected to be commissioned in FY30. Abhay Soi, chairman and managing director, Max Healthcare Institute, said, We are pleased to announce the phased commissioning and ramp-up of brownfield expansions across Mohali, Mumbai and Delhi, representing approximately 20% capacity addition. We also look forward to augmenting our capacity by another ~10% with the commissioning of the greenfield Gurgaon facility by the end of the year. We are also happy that the network has delivered its 22nd consecutive quarter of year-on-year growth, with revenue increasing by 10% and operating EBITDA grew by 8%. Further, we have completed the acquisition of a controlling stake in Kalinga Hospital, Bhubaneswar. The team has already begun integration and is working towards achieving significant operational upside. In parallel, work has commenced on the upgradation and expansion of the hospital, enabling us to extend high-quality healthcare services in a fast-growing region. further, the companys board has recommended a final dividend of Rs 2 per equity share of face value Rs 10 each for FY26, subject to shareholders approval at the forthcoming annual general meeting (AGM). If approved, the dividend will be paid or dispatched within 30 days from the conclusion of the AGM. Max Healthcare Institute (Max Healthcare) is one of Indias largest healthcare organisations. The company operates 21 healthcare facilities (nearly 6,000 beds) with a significant presence in North India. In addition to the hospitals, Max Healthcare operates homecare and pathology businesses under brand names Max@Home and Max Lab, respectively. The scrip had added 1.42% to end at Rs 1091.55 on the BSE. First Published: May 21 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gas distributor GAIL (India) posted a fourth-quarter profit fall on Thursday, as the Middle East conflict hampered supply. • GAIL, India's top natural gas distributor by market share, said its net profit after ?tax fell 38.4 per cent to 12.62 billion rupees ($131.2 million) for the quarter ended March 31. • Indian gas distributors were expected to be hurt by a 5 per cent year-on-year fall in domestic gas consumption in the fourth quarter, analysts at Ambit Capital said. • Non-availability of liquefied natural gas (LNG) from Qatar and the Middle East led to industrial customers cutting down consumption. • Gas supply from Qatar, ?India's largest LNG supplier, was halted in March following the closure of the Strait of Hormuz, while Iran struck two of Qatar's 14 LNG production trains, forcing it to declare force majeure. • GAIL's revenue from operations fell 2.5 per cent to 347.97 billion rupees. • The gas marketing segment, GAIL's largest revenue contributor through wholesale trading and natural gas distribution, reported a 1.2 per cent ?fall to 312.13 billion rupees. • Revenue from its petrochemicals segment fell 15.4 per cent , while its natural gas transmission ?segment, through which GAIL holds a 70 per cent market share in the ?country, rose 11.6 per cent . • GAIL supplies more than 50 per cent of the natural gas sold in the country and primarily ?serves the power and fertilizer sectors. • The firm's expenses climbed 2 per cent to 342.43 billion rupees. • GAIL's shares closed 0.2 per cent higher ahead ?of the results. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 21 2026 | 7:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gas distributor GAIL (India) posted a fourth-quarter profit fall on Thursday, as the Middle East conflict hampered supply. • GAIL, India's top natural gas distributor by market share, said its net profit after ?tax fell 38.4 per cent to 12.62 billion rupees ($131.2 million) for the quarter ended March 31. • Indian gas distributors were expected to be hurt by a 5 per cent year-on-year fall in domestic gas consumption in the fourth quarter, analysts at Ambit Capital said. • Non-availability of liquefied natural gas (LNG) from Qatar and the Middle East led to industrial customers cutting down consumption. • Gas supply from Qatar, ?India's largest LNG supplier, was halted in March following the closure of the Strait of Hormuz, while Iran struck two of Qatar's 14 LNG production trains, forcing it to declare force majeure. • GAIL's revenue from operations fell 2.5 per cent to 347.97 billion rupees. • The gas marketing segment, GAIL's largest revenue contributor through wholesale trading and natural gas distribution, reported a 1.2 per cent ?fall to 312.13 billion rupees. • Revenue from its petrochemicals segment fell 15.4 per cent , while its natural gas transmission ?segment, through which GAIL holds a 70 per cent market share in the ?country, rose 11.6 per cent . • GAIL supplies more than 50 per cent of the natural gas sold in the country and primarily ?serves the power and fertilizer sectors. • The firm's expenses climbed 2 per cent to 342.43 billion rupees. • GAIL's shares closed 0.2 per cent higher ahead ?of the results. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 21 2026 | 7:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Suryastra rocket system being test fired from the ITR off the Odisha coast First Published: May 21 2026 | 7:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Set to add rPET granules capacity at Warangal unit The board ofGanesha Ecopet, a wholly owned subsidiary of Ganasha Ecosphere,at its meeting held on 20 May 2026, has decided to drop the proposed greenfield projectto add rPET granules capacity of 67,500 TPAat Odisha, as of now. Any future greenfield expansion plans for adding rPET granules capacity will be taken up at a later date, after due consideration of market dynamics. Instead, they have decided to expand its existing capacity of rPET granules at its Warangal unit by another 22,500 TPA, taking the total installed capacity at 87,000 TPA with a capex of Rs 125 crore. First Published: May 21 2026 | 7:06 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FSN E-Commerce Ventures reported a more than fourfold rise in Q4 profit to Rs 79 crore as revenue crossed the $1 billion milestone in FY26. First Published: May 21 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FSN E-Commerce Ventures reported a more than fourfold rise in Q4 profit to Rs 79 crore as revenue crossed the $1 billion milestone in FY26. First Published: May 21 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 21 May 2026 First Published: May 21 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gross revenue in the fourth quarter stood at ?2,664 crore, a growth of 10 per cent over the same period of the previous fiscal, Max Healthcare Institute Ltd said in a statement Max Healthcare Institute Ltd on Thursday reported a 3 per cent increase in network profit after tax to ?387 crore in the fourth quarter ended March 31, 2026. The company, which had posted a network profit after tax (PAT) of ?376 crore in the corresponding quarter previous fiscal, said its board has approved an investment of ?1,400 crore for construction of a 712-bed greenfield hospital at Shaheed Path, Lucknow. Gross revenue in the fourth quarter stood at ?2,664 crore, a growth of 10 per cent over the same period of the previous fiscal, Max Healthcare Institute Ltd said in a statement. Bed occupancy for the quarter was at 75 per cent, with occupied bed days (OBDs) up by 8 per cent YoY, while ARPOB (average revenue per occupied bed) for Q4 FY26 stood at ?77,900 compared to ?77,100 in Q4 FY25, the company said. The board of directors has recommended a final dividend of ?2 per equity share of face value of ?10 for 2025-26, it added. For the financial year ended March 31, 2026, the network gross revenue stood at ?10,538 crore while network PAT after exceptional items stood at ?1,631 crore in FY26, compared to ?1,336 crore in FY25, up 22 per cent, it added. Max Healthcare Institute Ltd CMD Abhay Soi said the network delivered its 22nd consecutive quarter of year-on-year growth, with revenue increasing by 10 per cent. The company has commenced phased commissioning and ramp-up of brownfield expansions across Mohali, Mumbai and Delhi, representing approximately 20 per cent capacity addition, he added. "We also look forward to augmenting our capacity by another 10 per cent with the commissioning of the greenfield Gurgaon facility by the end of the year," Soi said. The company said its new hospital in Lucknow will be spread across 5 acres and is expected to be commissioned in FY30 to cater to the growing demand for quality healthcare services in Uttar Pradesh. It will be the company's second hospital in the city. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 21 2026 | 6:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 6:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For stocks re-listed after more than six months of suspension, the regulator has proposed using the lower of the book values determined by two independent valuers For fair discovery • Sebi flags distorted price-discovery concerns for IPOs, re-listed stocks • Proposes an overhaul of the pre-open auction mechanism • Exchanges may widen price-discovery bands for more accurate discovery • Five unique investors needed for band expansion • Recent traded price to be referenced for re-listings • Independent valuation route proposed if recent price unavailable • Rules apply to both mainboard and SME listings First Published: May 21 2026 | 6:37 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For a total consideration of Rs 112 cr Aurum PropTech has successfully consummated the sale of Buildings Q5 and Q6 situated at MIDC, MBP-1, Plot Nos. P-136 & 136/1, TTC Industrial Area, Mahape, Navi Mumbai for a total consideration of Rs 112 crore. The proceeds from this transaction have been deployed towards the full prepayment of the Company's Lease Rental Discounting (LRD) facility, making Aurum PropTech a completely debt-free company. Aurum PropTech is on its way to become India's leading AI-first PropTech company. The Company is deploying artificial intelligence across its three core segments - Rental, Distribution and Capital, reimagining how Indians discover, rent, buy, manage and invest in real estate. From intelligent tenant matching and dynamic pricing to AI-powered sales automation and lead analytics, Aurum PropTech is building the digital backbone of tomorrow's real estate market. The residual proceeds from the transaction will be deployed into Aurum PropTech's rapidly growing AI investment pool, funding the development of advanced intelligent infrastructure across the real estate value chain. This includes AI agents for tenant acquisition, predictive analytics for buyers and developers, and automated end-to-end leasing workflows, all aimed at making real estate transactions faster, smarter and more transparent for every stakeholder. First Published: May 21 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Life Insurance Corporation of India (LIC) on Thursday posted a 23 per cent increase in net profit to ?23,420 crore in the March quarter. The country's biggest insurer had earned a profit of ?19,013 crore in the corresponding quarter a year earlier. The total income of the insurer during the reporting quarter rose to ?2,53,592 crore from ?2,22,805 crore in the same period of the preceding fiscal year, LIC said in a regulatory filing. LIC's income from first-year premium also improved to ?12,970 crore in the latest January-March quarter against ?11,069 crore in the same period of the preceding fiscal year. Income from renewal premiums in the reporting period increased to ?81,933 crore compared to ?79,138 crore a year ago. During the entire financial year ended March 2026, the insurer earned a profit of ?57,419 crore as compared to ?48,151 crore in the previous fiscal year, registering a growth of 19 per cent. Total income during the financial year rose to ?9,73,288 crore as against ?8,84,148 crore in the previous financial year. The board of the insurance company recommended a final dividend of ?10 per equity share of ?10 each (equivalent to ?20 per equity share pre-bonus issue basis) for 2025-26, subject to approval of shareholders, it said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 21 2026 | 6:29 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Long-term (LT) and Short-term (ST) foreign and local currency bank deposit and Reaffirmed ratings as well as Counterparty Risk Ratings (CRRs) - Ba1/NP (Stable) Senior unsecured medium-term note program - (P)Ba1 (Stable) LT and ST Counterparty Risk (CR) Assessments - Ba1(cr)/NP(cr) (Stable) First Published: May 21 2026 | 6:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ITC reported a 72.68% year-on-year (YoY) decline in consolidated net profit to Rs 5,387.97 crore for the fourth quarter ended March 2026, compared with Rs 19,727.37 crore posted in the corresponding quarter last year. On the segmental front, the companys FMCGOthers business recorded 15.42% YoY growth in revenue to Rs 6,352.41 crore in Q4 FY26. Revenue from the cigarettes business rose 29.50% YoY to Rs 11,951.72 crore during the quarter. The agri-business segment reported a 14.29% YoY decline in revenue to Rs 3,166.65 crore, while the paperboards, paper and packaging segment posted a marginal 1.82% increase in revenue to Rs 2,228.61 crore. Profit before exceptional items stood at Rs 7,197.82 crore in Q4 FY26, up 5.29% from Rs 6,836.12 crore reported in Q4 FY25. The company reported exceptional losses of Rs 25.20 crore during the quarter. For the full financial year FY26, ITC reported a 40.45% decline in consolidated net profit to Rs 20,689.47 crore, while revenue from operations increased 4.80% YoY to Rs 78,213.28 crore. Meanwhile, the board recommended a final dividend of Rs 8 per ordinary share of face value Re 1 each for FY26, subject to shareholders approval at the companys 115th Annual General Meeting scheduled for 23 July 2026. If approved, the final dividend will be paid between 24 July and 29 July 2026. Including the interim dividend of Rs 6.50 per share declared earlier in January 2026, the total dividend for FY26 stands at Rs 14.50 per share. The company has fixed 27 May 2026 as the record date for determining shareholder eligibility for the final dividend. During the year, ITC acquired 100% shareholding in Sresta Natural Bioproducts, the owner of the 24 Mantra Organic brand. The acquisition strengthens ITCs presence in the organic packaged foods segment in both domestic and international markets. ITC said Sresta has a network of around 27,500 farmers across approximately 1.4 lakh acres of farmland in India and operates multiple processing facilities. The company also has overseas subsidiaries in the United States and the UAE. ITC is a diversified conglomerate with businesses spanning fast-moving consumer goods, hotels, paperboards and packaging, agribusiness and information technology. The counter rose 0.15% to Rs 308 on the BSE. First Published: May 21 2026 | 6:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 15.73% to Rs 182.34 crore For the full year,net profit rose 24.62% to Rs 172.89 crore in the year ended March 2026 as against Rs 138.73 crore during the previous year ended March 2025. Sales rose 27.94% to Rs 642.26 crore in the year ended March 2026 as against Rs 502.00 crore during the previous year ended March 2025. First Published: May 21 2026 | 6:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.66% to Rs 238.50 crore For the full year,net profit rose 8.97% to Rs 66.46 crore in the year ended March 2026 as against Rs 60.99 crore during the previous year ended March 2025. Sales rose 18.98% to Rs 904.09 crore in the year ended March 2026 as against Rs 759.88 crore during the previous year ended March 2025. First Published: May 21 2026 | 6:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 2.49% to Rs 113.90 crore For the full year,net loss reported to Rs 13.78 crore in the year ended March 2026 as against net profit of Rs 63.05 crore during the previous year ended March 2025. Sales declined 21.13% to Rs 440.16 crore in the year ended March 2026 as against Rs 558.11 crore during the previous year ended March 2025. First Published: May 21 2026 | 6:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 6.30% to Rs 882.51 crore For the full year,net profit declined 15.42% to Rs 1439.58 crore in the year ended March 2026 as against Rs 1702.08 crore during the previous year ended March 2025. Sales rose 7.83% to Rs 4334.82 crore in the year ended March 2026 as against Rs 4019.87 crore during the previous year ended March 2025. First Published: May 21 2026 | 6:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Agoda said Indian travellers are shifting towards domestic tourism and Asian destinations like Vietnam, Malaysia and Japan amid West Asia tensions. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
WeWork India Management soared 18.97% to end at Rs 580 after the company's consolidated net profit jumped 79.54% to Rs 65.55 crore in Q4 FY26, compared with Rs 36.51 crore in Q4 FY25. The company reported pre-tax profit of Rs 44 crore in Q4 FY26 compared with pre-tax loss of Rs 13.36 crore in Q4 FY25. EBITDA stood at Rs 469.5 crore in Q4 FY26, registering the growth of 12.54% compared with Rs 417.2 crore in Q4 FY25. EBITDA margin improved to 65.6% in Q4 FY26 as against 64.8% in Q4 FY25. On full year basis, the companys consolidated net profit declined 41.57% to Rs 74.43 crore despite 25.19% jump in revenue from operations to Rs 2,440.18 crore in FY26 over FY25. Karan Virwani, managing director & CEO, WeWork India, said, FY26 was a defining year for both the industry and WeWork India. Adoption of flex deepened across enterprise segments, and we continued to lead from the front while delivering on every commitment we made to the market. During the year, we listed on the stock exchanges, more than doubled PAT, turned net debt negative for the first time in our history, and continued expanding our footprint with pricing discipline and strong occupancy across centres. We are building a full-stack platform that enables enterprises to scale - combining infrastructure, technology-enabled operations, design, flexibility and capital efficiency into a single integrated offering. As India cements its position at the centre of the global AI and GCC economy, the need for agile, scalable and experience-led workspaces will only accelerate. AI is not replacing the office; it is intensifying collaboration, innovation and talent density, making flexibility even more critical to how companies operate." WeWork India is one of Indias leading premium flexible workspace operators. Since its inception, WeWork India has expanded across 8 cities in Chennai, New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune, and Hyderabad, with 76 operational centres spanning 8.6 million square feet (as of March 2026). First Published: May 21 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 21 May 2026 First Published: May 21 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 21 May 2026 The board of Man Industries (India) at their meeting held on 21 May 2026, inter alia, considered and took note of the completion of the transaction in relation to acquisition of 100% equity stake in National Pipe Company (NPC), Kingdom of Saudi Arabia, at a total cost of approx. USD 102 Million (Rs 1,000 crore), by Man International Steel Industries Company (MISIC), a wholly owned subsidiary of the Company incorporated in the Kingdom of Saudi Arabia. NPC is one of the established API manufacturers of HSAW and LSAW pipes in the Kingdom of Saudi Arabia. NPC caters to oil & gas pipelines, water transmission, infrastructure and industrial projects and serves reputed customers including Saudi Aramco, Saudi Water Authority (SWA), Saudi Water Partnership Company (SWPC), Water Transmission & Technologies Co. (WTTCO), KOC (Kuwait), Qatar Petroleum and leading global EPC contractors including McDermott, L&T, SAIPEM, Subsea7, Hyundai E&C and others. The acquisition is in line with the Company's international expansion strategy and is expected to strengthen the Company's global presence in the pipe manufacturing industry. The acquisition is expected to provide access to infrastructure, energy, desalination and industrial opportunities in the Kingdom of Saudi Arabia and strengthen the Company's Middle East and international operations. NPC has an installed manufacturing capacity of approximately 430,000 MT per annum. Going forward, the facility will also have Coating Mill with External & Internal Coating Plant to serve the Kingdom's growing demand for coated pipeline solutions. First Published: May 21 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: May 21 2026 | 5:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India VIX rallied over 3% In the cash market, the Nifty 50 index declined 4.30 points or 0.02% to 23,654.70. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 3.34% to 17.82. HDFC Bank, Tata Consultancy Services (TCS) and Infosys were the top-traded individual stock futures contracts in the F&O segment of the NSE. The May 2026 F&O contracts will expire on 26 May 2026. First Published: May 21 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The key equity indices ended marginally lower on Thursday as reports of possible RBI intervention to defend the rupee unnerved investors. Reports indicated that the Reserve Bank of India is considering a range of measures to stabilise the currency, including a rate hike, additional currency swaps and raising dollars from overseas investors. Persistent FII selling and profit booking at elevated valuations further weighed on sentiment, while weak global cues added to the pressure. The Nifty slipped below the 23,700 mark, dragged down by steep losses in IT and FMCG stocks. The S&P BSE Sensex declined 135.03 points or 0.18% to 75,183.36. The Nifty 50 index fell 4.30 points or 0.02% to 23,654.70. Infosys (down 1.05%), Bharti Airtel (down 1.03%) and Reliance Industries (down 0.74%) were major drags today. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.18% and the BSE 250 SmallCap Index jumped 0.70%. The market breadth was positive. On the BSE, 2,423 shares rose and 1,748 shares fell. A total of 208 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 3.34% to 17.82. Economy: The combined Index of Eight Core Industries (ICI) increased by 1.7% (provisional) in April 2026 as compared to the Index in April 2025. The production of cement, steel and electricity recorded positive growth in April 2026. The cumulative growth rate of ICI during April to March, 2025-26, is 2.7% as compared to the corresponding period of last year. The HSBC Flash India PMI Composite Output Index stood at 58.1 in May, was down only marginally from 58.2 in April and therefore signalled another marked expansion in private sector activity. Underlying data showed that a pickup in growth across the service economy was offset by a weaker increase in factory production, one that was the second-slowest since mid-2022, excluding Marchs reading. The HSBC Flash India Manufacturing PMI was down from 54.7 in April to 54.3 in May, indicating the second-weakest improvement in the health of the sector in close to four years after March. Meanwhile, the HSBC Flash India Services PMI Business Activity Index edged up to 58.9 in May from 58.8 in April, while the Manufacturing PMI Output Index eased slightly to 56.6 from 56.9 in the previous month. Numbers to Track: In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 96.2275 compared with its close of 96.8600 during the previous trading session. The yield on India's 10-year benchmark federal paper declined 0.07% to 7.074 compared with the previous session close of 7.079. MCX Gold futures for 5 June 2026 settlement shed 0.29% to Rs 159,538. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.04% to 99.17. The United States 10-year bond yield rose 0.15% to 4.582. In the commodities market, Brent crude for July 2026 settlement declined 91 cents or 0.87% to $104.11 a barrel. Global Markets: US Dow Jones futures were down 177 points, indicating a weak opening for Wall Street later today. European shares declined after flash PMI readings from the UK and France pointed to slowing economic activity in May. The UK composite PMI fell to 48.5, while services PMI came in at 47.9. Frances composite PMI dropped sharply to 43.5 from 47.6 in April, marking its steepest decline in more than five years. Most Asian shares ended lower despite overnight gains on Wall Street, as investors assessed global growth concerns alongside easing geopolitical tensions in the Middle East. Investor sentiment received some support after US President Donald Trump reportedly said Washington was in the final stages of negotiations with Iran, raising hopes of a possible resolution to the conflict and easing concerns over energy supply disruptions. Japans Nikkei 225 jumped more than 3% after the country reported strong trade data for April. Exports rose 14.8% YoY, led by semiconductor shipments, while imports increased 9.7%. Japans trade deficit narrowed to 301.9 billion yen in April from 643 billion yen in March. Overnight, Wall Street closed sharply higher. The Dow Jones Industrial Average advanced 645.47 points, or 1.31%, to 50,009.35. The S&P 500 rose 1.08% to 7,432.97, while the Nasdaq Composite gained 1.54% to close at 26,270.36. Stocks in Spotlight: ITC ended almost flat. The company's consolidated net profit declined 72.69% to Rs 5387.97 crore while net sales fell 5.04% to Rs 17628.89 crore in Q4 March 2026 over Q4 March 2025. Jubilant FoodWorks dropped 7.81% after the quick-service restaurant operator reported Q4 FY26 performance. Investors turned cautious over slowing growth in the core Dominos India business, rising cost pressures and concerns around margin sustainability. The companys consolidated revenue from operations rose 19.3% YoY to Rs 2,499.5 crore in Q4 FY26 from Rs 2,095 crore in Q4 FY25. Profit after tax surged 67.1% YoY to Rs 82.4 crore in Q4 FY26 from Rs 49.3 crore in the year-ago quarter. PAT from continuing operations increased 67.3% to Rs 93.6 crore. Aurionpro Solutions rose 3.87% after the company announced its largest order win in the US market through its subsidiary Aurionpro Fintech Inc. Aurionpro Fintech signed a strategic three-year agreement with a leading US-based fintech platform focused on digital insurance payments. The engagement is expected to generate more than $33 million in revenue over the contract period. Honeywell Automation India surged 15.85% after the company reported a 14.15% increase in standalone net profit to Rs 159.7 crore in Q4 FY26, compared with Rs 139.9 crore in Q4 FY25. Revenue from operations jumped 5.93% year on year to Rs 1,180.7 crore in quarter ended 31 March 2026. Ola Electric Mobility dropped 3.92% after the company reported weak Q4 FY26 performance despite improvement in gross margins, operating efficiency and cash flow. The company posted a consolidated net loss of Rs 500 crore in Q4 FY26 compared with a net loss of Rs 870 crore in Q4 FY25 and Rs 487 crore in Q3 FY26. Revenue from operations declined 56.6% YoY and 43.6% QoQ to Rs 265 crore in the March 2026 quarter. Metro Brands jumped 6.25% after the companys consolidated net profit jumped 23.48% to Rs 117.73 crore on a 20.26% increase in revenue from operations to Rs 772.98 crore in Q4 FY26 over Q4 FY25. Samvardhana Motherson International advanced 3.65% after the company reported a 46.24% year-on-year surge in consolidated net profit to Rs 1,497.14 crore in Q4 FY26, compared with Rs 1,023.70 crore in the corresponding quarter last year. Revenue from operations increased 9.23% YoY to Rs 34,309.31 crore in the quarter ended 31 March 2026. Lenskart Solutions gained 2.39% after the company reported an 8.49% year-on-year decline in consolidated net profit to Rs 200.29 crore in Q4 FY26, compared with Rs 218.89 crore in the corresponding quarter last year. However, revenue from operations surged 46.62% YoY to Rs 2,515.71 crore in the quarter ended 31 March 2026. Apollo Hospitals rallied 2.85%. The company reported a 35.9% year-on-year jump in consolidated net profit to Rs 529.3 crore, compared with Rs 389.6 crore in the corresponding quarter last year. Revenue from operations rose 18.1% YoY to Rs 6,605.5 crore against Rs 5,592.2 crore in the year-ago period. JSW Cement rallied 5.42% after the companys consolidated net profit surged more than ten-fold to Rs 371.33 crore in Q4 FY26 from Rs 34.22 crore posted in Q4 FY25. Revenue from operations jumped 10.86% YoY to Rs 1894.99 crore in the quarter ended 31st March 2026. First Published: May 21 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian fashion-to-beauty retailer Nykaa posted a near-fourfold jump in quarterly profit on Thursday, driven by strong demand for skincare and makeup products. Nykaa ?is sharpening its push for profitability by doubling down on its core beauty business and expanding its offline reach as it seeks to tap India's $28 billion beauty market. Global partnerships including the global roll-out of actor Katrina Kaif's Kay Beauty and widening access to Rihanna's ?Fenty Beauty are strengthening its premium portfolio and enabling the firm to become a full-stack beauty and lifestyle platform. Nykaa, formally known as FSN E-Commerce Ventures, posted a profit of 783.8 million rupees ($8.2 million) for the quarter ended March 31, compared with 202.8 million rupees ?a year ago. Its biggest segment, beauty, posted a 27.2 per cent rise in revenue ?to 24.10 billion rupees. Sales for its fashion vertical, ?which includes apparel and accessories from labels like Victoria's Secret and Titan's Mia, ?jumped 40 per cent to 2.25 billion rupees. This drove overall revenue 28.4 per cent higher to 26.48 billion rupees. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 21 2026 | 5:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 8.62% to Rs 301.48 crore For the full year,net profit rose 98.64% to Rs 141.61 crore in the year ended March 2026 as against Rs 71.29 crore during the previous year ended March 2025. Sales rose 10.95% to Rs 1047.68 crore in the year ended March 2026 as against Rs 944.27 crore during the previous year ended March 2025. First Published: May 21 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
EPACK Durable shares plunged 9.82% to Rs 233.30 after the company reported a steep fall in profitability for the quarter ended March 2026. Revenue from operations declined 8.11% YoY to Rs 591.05 crore during the quarter. Profit before tax (PBT) dropped 98.01% to Rs 1 crore from Rs 50.29 crore in Q4 FY25. EBITDA fell 64.2% YoY to Rs 25.8 crore, while EBITDA margin contracted sharply to 4.37% from 11.21% in the year-ago period. The company said the Room Air Conditioner (RAC) segment witnessed a 24.7% year-on-year decline during the quarter. The Small Domestic Appliances (SDA) and Large Domestic Appliances (LDA) segments grew 32.1% YoY, driven by healthy order inflows across both existing and newly launched products. The components segment reported 50.1% YoY growth, supported by a strong order pipeline for heat exchangers, plastic moulding components, PCBs, and copper parts. On new customer acquisition, the company said it added five new customers during the quarter, for whom supplies have already commenced. Ajay DD Singhania, Managing Director and CEO, said, 'During the current quarter, our performance was impacted by a temporary slowdown in the RAC segment, which witnessed a decline on account of lower industry demand and delayed seasonal offtake.' However, we continue to witness encouraging momentum across our diversification business, with strong growth in SDA and component segments. The SDA business delivered healthy growth driven by robust order inflows across both existing and newly launched products. Demand for air fryers has been particularly encouraging and continues to gain strong traction with customers. Our component segment also reported strong growth supported by a healthy order pipeline for heat exchangers, PCBs, copper parts, and plastic moulding components, while the LDA segment maintained growth through continued customer additions and deeper market penetration. During the current quarter, we added 5 new customers and commenced supplies to them, further strengthening our customer base and enhancing revenue diversification. Margins during the current quarter remained under pressure due to lower operating leverage in the RAC business and initial scale-up costs in new categories; however, we remain focused on improving operational efficiencies, optimising product mix, and scaling our high-growth segments. Supported by our expanding product portfolio, strengthening order pipeline, new customer acquisitions, and ongoing capacity expansion initiatives, including the upcoming Sri City Hisense plant, we remain confident about the long-term growth opportunities across our businesses. Despite the weak quarterly performance, the stock had surged 7.36% in the previous session after the company received entitlement certificates from the Government of Rajasthan under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Bhiwadi manufacturing facility. The company has been classified as a Large Category manufacturing unit under the ESDM thrust sector and will receive turnover-linked incentives for 10 years, 100% electricity duty exemption for seven years and reimbursement of eligible skilling and training expenses. EPACK said the incentives are expected to improve manufacturing competitiveness, boost operational efficiency and support future expansion plans. EPACK Durable is one of Indias leading original design manufacturers (ODM) for living appliances, producing room air conditioners, small and large domestic appliances, and components across facilities in Dehradun, Bhiwadi, and Sri City. First Published: May 21 2026 | 4:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 94.92% to Rs 2.30 crore For the full year,net loss reported to Rs 1.27 crore in the year ended March 2026 as against net loss of Rs 0.80 crore during the previous year ended March 2025. Sales declined 17.30% to Rs 7.89 crore in the year ended March 2026 as against Rs 9.54 crore during the previous year ended March 2025. First Published: May 21 2026 | 4:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 1.83% to Rs 224.77 crore For the full year,net profit declined 28.38% to Rs 116.74 crore in the year ended March 2026 as against Rs 163.00 crore during the previous year ended March 2025. Sales rose 5.26% to Rs 876.03 crore in the year ended March 2026 as against Rs 832.25 crore during the previous year ended March 2025. First Published: May 21 2026 | 4:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 30.42% to Rs 588.02 crore For the full year,net profit rose 158.54% to Rs 47.83 crore in the year ended March 2026 as against Rs 18.50 crore during the previous year ended March 2025. Sales rose 15.09% to Rs 2012.24 crore in the year ended March 2026 as against Rs 1748.43 crore during the previous year ended March 2025. First Published: May 21 2026 | 4:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 5.04% to Rs 17628.89 crore For the full year,net profit declined 40.46% to Rs 20689.47 crore in the year ended March 2026 as against Rs 34746.63 crore during the previous year ended March 2025. Sales rose 4.77% to Rs 78213.28 crore in the year ended March 2026 as against Rs 74653.32 crore during the previous year ended March 2025. First Published: May 21 2026 | 4:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 8.90% to Rs 483.53 crore For the full year,net profit rose 51.71% to Rs 100.84 crore in the year ended March 2026 as against Rs 66.47 crore during the previous year ended March 2025. Sales declined 14.80% to Rs 1705.41 crore in the year ended March 2026 as against Rs 2001.69 crore during the previous year ended March 2025. First Published: May 21 2026 | 4:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 9.64% to Rs 267.63 crore For the full year,net profit rose 83.00% to Rs 146.91 crore in the year ended March 2026 as against Rs 80.28 crore during the previous year ended March 2025. Sales rose 12.04% to Rs 916.47 crore in the year ended March 2026 as against Rs 818.02 crore during the previous year ended March 2025. First Published: May 21 2026 | 4:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 0.27 crore in the year ended March 2026 as against net loss of Rs 0.15 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 as against Rs 1.25 crore during the previous year ended March 2025. First Published: May 21 2026 | 4:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net profit rose 21.74% to Rs 0.28 crore in the year ended March 2026 as against Rs 0.23 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: May 21 2026 | 4:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 19.26% to Rs 225.97 crore For the full year,net profit declined 49.73% to Rs 12.15 crore in the year ended March 2026 as against Rs 24.17 crore during the previous year ended March 2025. Sales rose 3.28% to Rs 865.92 crore in the year ended March 2026 as against Rs 838.42 crore during the previous year ended March 2025. First Published: May 21 2026 | 4:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Parth Jindal & Dara Khosrowshahi after sigining the MoU First Published: May 21 2026 | 3:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Page Industries' standalone net profit jumped 8.98% to Rs 178.73 crore on a 14.07% increase in revenue from operations to Rs 1,252.59 crore in Q4 FY26 over Q4 FY25. In Q4 FY26, sales volume grew 10.8% YoY, amounting to 54.5 million pieces. Profit before tax in Q4 FY26 was at Rs 237.80 crore, up 8.74% as against Rs 218.67 crore reported in the same period a year ago. EBITDA stood at Rs 260.5 crore in Q4 FY26, registering the growth of 10.75% compared with Rs 235.2 crore in Q4 FY25. EBITDA margin reduced to 20.8% in Q4 FY26 as against 21.4% in Q4 FY25. On the outlook & trends front, the company remains confident of sustaining its growth momentum, supported by positive consumer sentiment, continued retail modernisation, and a resilient economy. While inflationary pressures on key input costsparticularly cottoncontinue to persist, the company is well-positioned to manage these challenges through strategic sourcing initiatives, supply chain optimisation, operational efficiencies, and calibrated pricing actions. Commenting on the results, Mr. V.S. Ganesh, Managing Director, Page Industries Limited said, We are pleased to report a strong quarter marked by healthy growth in both revenue and profitability. Our focus to continuously enrich product features and portfolio, together with high standards of consumer experience have contributed to strengthen our market position. Encouraging demand trends across all distribution channels during the quarter also supported robust volume-led revenue growth. The company said its board has declared a fourth interim dividend of Rs 150 per equity share for FY26. The record date for the dividend has been fixed as May 27, 2026, while the payment will be made on or before June 19, 2026. Page Industries is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY brand in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, UAE and Saudi Arabia. Page Industries is also the exclusive licensee of Speedo International Ltd. for the manufacture, marketing and distribution of the Speedo brand in India. Shares of Page Industries rose 0.68% to Rs 38,539.85 on the BSE. First Published: May 21 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: May 21 2026 | 3:15 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: May 21 2026 | 3:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jubilant Foodworks Ltd, P I Industries Ltd, JK Lakshmi Cement Ltd and ERIS Lifesciences Ltd are among the other losers in the BSE's 'A' group today, 21 May 2026. Jubilant Foodworks Ltd, P I Industries Ltd, JK Lakshmi Cement Ltd and ERIS Lifesciences Ltd are among the other losers in the BSE's 'A' group today, 21 May 2026. Epack Durable Ltd tumbled 9.93% to Rs 233 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.89 lakh shares were traded on the counter so far as against the average daily volumes of 1.92 lakh shares in the past one month. Jubilant Foodworks Ltd crashed 7.50% to Rs 437.1. The stock was the second biggest loser in 'A' group.On the BSE, 42.97 lakh shares were traded on the counter so far as against the average daily volumes of 1.01 lakh shares in the past one month. P I Industries Ltd lost 6.69% to Rs 2709. The stock was the third biggest loser in 'A' group.On the BSE, 77362 shares were traded on the counter so far as against the average daily volumes of 12168 shares in the past one month. JK Lakshmi Cement Ltd slipped 4.90% to Rs 604.85. The stock was the fourth biggest loser in 'A' group.On the BSE, 13.94 lakh shares were traded on the counter so far as against the average daily volumes of 32640 shares in the past one month. ERIS Lifesciences Ltd shed 4.64% to Rs 1391.75. The stock was the fifth biggest loser in 'A' group.On the BSE, 30845 shares were traded on the counter so far as against the average daily volumes of 9793 shares in the past one month. First Published: May 21 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Medplus Health Services (MedPlus) rose 4.22% after the company reported a 24.62% jump in consolidated net profit to Rs 63.98 crore on a 23.5% increase in revenue from operations to Rs 1,864.39 crore in Q4 FY26 over Q4 FY25. EBITDA stood at Rs 189.77 crore in Q4 FY26, registering the growth of 24.71% compared with Rs 152.17 crore posted in the corresponding quarter last year. EBITDA margin improved to 10.2% in Q4 FY26 as against 10.1% in Q4 FY25. On the segmental front, revenue from the retail segment rose 23.48% YoY to Rs 1,828.98 crore, while revenue from diagnostic services grew 23.86% YoY to Rs 34.78 crore in Q4 FY26. On a full-year basis, consolidated net profit jumped 46.12% to Rs 219.65 crore on a 12.33% rise in revenue to Rs 6,892.47 crore in FY26 over FY25. Meanwhile, the company said it has approved the re-appointment of Mr. Gangadi Madhukar Reddy as managing director for a period of five years, commencing August 03, 2026, subject to approval of the companys members. MedPlus Health Services (MedPlus) is an organized pharmacy retail company with both online and offline presence. It operates in retail pharmaceutical sales, diagnostics services and offers wellness and FMCG products, including private-label offerings through its store network. First Published: May 21 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Poojawestern Metaliks Ltd, Somi Conveyor Beltings Ltd, Mahalaxmi Fabric Mills Ltd and Man Industries (India) Ltd are among the other losers in the BSE's 'B' group today, 21 May 2026. Poojawestern Metaliks Ltd, Somi Conveyor Beltings Ltd, Mahalaxmi Fabric Mills Ltd and Man Industries (India) Ltd are among the other losers in the BSE's 'B' group today, 21 May 2026. Archidply Decor Ltd tumbled 14.14% to Rs 69.23 at 14:20 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 451 shares were traded on the counter so far as against the average daily volumes of 69 shares in the past one month. Poojawestern Metaliks Ltd crashed 11.58% to Rs 20.16. The stock was the second biggest loser in 'B' group.On the BSE, 4.46 lakh shares were traded on the counter so far as against the average daily volumes of 42382 shares in the past one month. Somi Conveyor Beltings Ltd lost 10.45% to Rs 100.65. The stock was the third biggest loser in 'B' group.On the BSE, 20624 shares were traded on the counter so far as against the average daily volumes of 903 shares in the past one month. Mahalaxmi Fabric Mills Ltd fell 9.09% to Rs 23.4. The stock was the fourth biggest loser in 'B' group.On the BSE, 18 shares were traded on the counter so far as against the average daily volumes of 279 shares in the past one month. Man Industries (India) Ltd shed 8.65% to Rs 542. The stock was the fifth biggest loser in 'B' group.On the BSE, 1.09 lakh shares were traded on the counter so far as against the average daily volumes of 21217 shares in the past one month. First Published: May 21 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cap rates in India outpaced every other market in APAC across office, retail, logistics, hotels, and student housing in Q1 2026 First Published: May 21 2026 | 2:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India currently faces a shortage of 10 million affordable housing units and is estimated to require an additional 25 million units by 2030 First Published: May 21 2026 | 2:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JSW Cement Ltd clocked volume of 301.78 lakh shares by 14:14 IST on NSE, a 35.43 times surge over two-week average daily volume of 8.52 lakh shares Honeywell Automation India Ltd, RHI Magnesita India Ltd, IRB Infrastructure Developers Ltd, Jubilant Foodworks Ltd are among the other stocks to see a surge in volumes on NSE today, 21 May 2026. JSW Cement Ltd clocked volume of 301.78 lakh shares by 14:14 IST on NSE, a 35.43 times surge over two-week average daily volume of 8.52 lakh shares. The stock gained 7.72% to Rs.130.24. Volumes stood at 5.16 lakh shares in the last session. Honeywell Automation India Ltd notched up volume of 1.63 lakh shares by 14:14 IST on NSE, a 34.03 fold spurt over two-week average daily volume of 4779 shares. The stock rose 16.42% to Rs.35,135.00. Volumes stood at 15569 shares in the last session. RHI Magnesita India Ltd registered volume of 22.84 lakh shares by 14:14 IST on NSE, a 26.86 fold spurt over two-week average daily volume of 85035 shares. The stock rose 4.72% to Rs.404.70. Volumes stood at 60327 shares in the last session. IRB Infrastructure Developers Ltd notched up volume of 3425.71 lakh shares by 14:14 IST on NSE, a 22.78 fold spurt over two-week average daily volume of 150.38 lakh shares. The stock rose 7.71% to Rs.22.76. Volumes stood at 566.45 lakh shares in the last session. Jubilant Foodworks Ltd clocked volume of 155.31 lakh shares by 14:14 IST on NSE, a 10.84 times surge over two-week average daily volume of 14.33 lakh shares. The stock lost 7.31% to Rs.438.00. Volumes stood at 12.91 lakh shares in the last session. First Published: May 21 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Triveni Turbine hit a 52-week high in Thursday's trade. First Published: May 21 2026 | 2:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IRB Infrastructure Developers First Published: May 21 2026 | 2:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To jointly impart training in emerging telecom technologies to engineering students Tejas Networks has signed a Memorandum of Understanding (MoU) with the Maharashtra Information Technology Corporation (MahaIT) to jointly impart world-class training and certification in emerging telecom technologies to engineering students across Maharashtra, especially in the underserved regions of the state. MahaIT serves as the nodal agency of the Government of Maharashtra for the efficient implementation of its Information and Communications Technology (ICT) initiatives including prestigious projects such as Aaple Sarkar, Direct Benefits Transfer (DBT), Mahanet (Bharatnet), Smart City among others. The purpose of the MoU is to jointly enable skilling and certification of engineering students, especially from Tier-2, Tier-3, and underserved regions of Maharashtra, in emerging telecom and digital technologies through online and instructor led training programs. The MoU also aims to explore joint areas of collaboration in skilling, industry-academia engagement, and technology-led capacity building in association with Maha IT. First Published: May 21 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aeronova.AI enables airlines to modernize their retailing capabilities while protecting revenue continuity, operational stability, and customer experience at every stage of the transformation journey. As the airline industry accelerates its shift toward modern retailing, carriers are discovering that alignment on vision is no longer the primary challenge. Execution at enterprise scale is managing the coexistence of legacy PNR environments alongside emerging order-native platforms while maintaining financial traceability and regulatory integrity. This has become the defining hurdle. Aeronova.AI is built to address that challenge directly, giving airlines a structured acceleration layer of reusable assets, AI-assisted automation, and airline-specific execution playbooks. Designed for phased, real-world adoption, Aeronova.AI allows airlines to move from pilots to production-grade operations at their own pace without compromising revenue flows or financial auditability. It complements existing and emerging retailing platforms rather than replacing them, addressing the execution, governance, and scale challenges that typically slow or derail transformation programs. First Published: May 21 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 57.23% to Rs 165.31 crore For the full year,net profit rose 79.80% to Rs 72.19 crore in the year ended March 2026 as against Rs 40.15 crore during the previous year ended March 2025. Sales rose 79.26% to Rs 553.05 crore in the year ended March 2026 as against Rs 308.52 crore during the previous year ended March 2025. First Published: May 21 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 40.82% to Rs 1.16 crore For the full year,net profit declined 29.69% to Rs 2.70 crore in the year ended March 2026 as against Rs 3.84 crore during the previous year ended March 2025. Sales declined 11.68% to Rs 5.67 crore in the year ended March 2026 as against Rs 6.42 crore during the previous year ended March 2025. First Published: May 21 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 11.64% to Rs 6.81 crore For the full year,net loss reported to Rs 16.93 crore in the year ended March 2026 as against net loss of Rs 26.94 crore during the previous year ended March 2025. Sales declined 45.21% to Rs 23.73 crore in the year ended March 2026 as against Rs 43.31 crore during the previous year ended March 2025. First Published: May 21 2026 | 2:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 16.63% to Rs 16.76 crore For the full year,net profit declined 35.36% to Rs 9.05 crore in the year ended March 2026 as against Rs 14.00 crore during the previous year ended March 2025. Sales rose 10.89% to Rs 59.24 crore in the year ended March 2026 as against Rs 53.42 crore during the previous year ended March 2025. First Published: May 21 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 6.25% to Rs 0.34 crore For the full year,net loss reported to Rs 0.42 crore in the year ended March 2026 as against net loss of Rs 0.39 crore during the previous year ended March 2025. Sales rose 4.72% to Rs 1.33 crore in the year ended March 2026 as against Rs 1.27 crore during the previous year ended March 2025. First Published: May 21 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 3.36 crore in the year ended March 2026 as against net loss of Rs 2.29 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: May 21 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To manufacture air systems for commercial vehicles Bosch along with Brakes India (BIPL) and Wheels India (WIL), subsidiaries of the TSF Group in Chennai, announced a joint venture to drive growth in air systems for commercial vehicles. The joint venture will be a 50:50 partnership between Bosch and TSF Group companies (represented by Brakes India & Wheels India), aiming to commence operations by end of 2026, post receiving all regulatory approvals. The joint venture will focus on engineering, manufacturing and sales of electronically controlled and software driven modules for air compression, air processing, air suspension, and air parking brakes. With a registered office in Chennai, the global supply chain including India will be managed by entities of Bosch, Brakes India and Wheels India. First Published: May 21 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: May 21 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JSW Cement rallied 6.58% to Rs 128.85 after the company's consolidated net profit surged more than ten-fold to Rs 371.33 crore in Q4 FY26 from Rs 34.22 crore poste in Q4 FY25. Profit before exceptional items and tax (PBT) soared 189.53% YoY to Rs 219.32 crore in Q4 FY26 compared with Rs 75.75 crore in Q4 FY25. The company reported an exceptional loss of Rs 4.44 crore in Q4 FY26. On the expenses side, total expenses increased 2.43% to Rs 1,702.30 crore in Q4 FY26, compared with Rs 1,661.85 crore in Q4 FY25. Cost of material consumed stood at Rs 464.59 crore (up 16.1% YoY), freight and handling expenses stood at Rs 444.51 crore (up 10.71% YoY), while power and fuel expenses was at Rs 236.67 crore (down 0.69% YoY), employee benefit expenses stood at Rs 85.79 crore (down 10.45% YoY) during the period under review. EBITDA jumped 46% YoY to Rs 365 crore in Q4 FY26. Operating EBITDA margin improved to 19.3%, while operating EBITDA per tonne stood at Rs 916. During the quarter, total sales volume rose 7% YoY to 3.99 million tonnes. Cement sales volume increased 12% to 2.35 million tonnes from 2.10 million tonnes in Q4 FY25. Ground Granulated Blast Furnace Slag (GGBS) sales volume grew 5% YoY to 1.57 million tonnes, compared with 1.49 million tonnes in the year-ago quarter. The company incurred capital expenditure, including maintenance capex, of Rs 506 crore during Q4 FY26. On a full-year basis, the companys consolidated net loss widened to 756.32 crore in FY26 compared with net loss of Rs 114.08 crore in FY25. However, revenue from operations jumped 12.03% to Rs 6,512.46 crore in FY26 compared with Rs 5813.07 crore in FY25. Net cash generated from operating activities stood at Rs 1170.21 crore in FY26, up 58.84% compared with Rs 736.74 crore in the previous fiscal. Meanwhile, the companys board has approved setting up of an additional cement grinding capacity of 2.5 MTPA at Nagaur, Rajasthan. The existing grinding capacity at the location stands at 2.5 MTPA, with another 1 MTPA under execution. JSW Cement is part of the diversified JSW Group. The company operates across the entire value-chain of building materials comprising cement, ground granulated blast-furnace slag (GGBS), concrete and construction chemicals. First Published: May 21 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jubilant FoodWorks dropped 7.58% to Rs 436.75 after the quick-service restaurant operator reported Q4 FY26 performance. The companys consolidated revenue from operations rose 19.3% YoY to Rs 2,499.5 crore in Q4 FY26 from Rs 2,095 crore in Q4 FY25. Profit after tax surged 67.1% YoY to Rs 82.4 crore in Q4 FY26 from Rs 49.3 crore in the year-ago quarter. PAT from continuing operations increased 67.3% to Rs 93.6 crore. Profit before tax from continuing operations before exceptional items stood at Rs 122 crore in Q4 FY26, up 57.8% YoY. Operating EBITDA increased 23.7% to Rs 484.9 crore, while EBITDA margin improved 69 basis points YoY to 19.4%. Gross profit rose 19.1% to Rs 1,786.4 crore during the quarter, although gross margin slipped marginally by 13 basis points to 71.5%. On the cost front, raw material costs increased 19.9% YoY to Rs 713 crore during the quarter. Personnel expenses climbed 21.4% YoY to Rs 449.9 crore, while manufacturing and other expenses increased 15.4% to Rs 851.6 crore. Depreciation expense rose 28.5% to Rs 269.4 crore. For FY26, Jubilant FoodWorks reported revenue from operations of Rs 9,512.5 crore, up 17.4% YoY. Annual operating EBITDA rose 19.1% to Rs 1,887.8 crore, with EBITDA margin improving to 19.8% from 19.6% in FY25. PAT surged 104.6% to Rs 444.2 crore from Rs 217.1 crore in FY25, while PAT from continuing operations rose 54.4% to Rs 386 crore. However, the Street appeared concerned about slowing momentum in the India business. Standalone revenue grew only 6.4% YoY to Rs 1,679.7 crore, while standalone PAT from continuing operations before exceptional items declined 2.8% YoY to Rs 53.7 crore. PAT margin compressed 30 bps YoY to 3.2%. Dominos India revenue increased 5% YoY, while delivery revenue rose 10.3% and overall order volumes grew 10.4% during the quarter. Management said growth during the quarter was impacted by a high base of 12.1% like-for-like (LFL) growth in the year-ago period, along with temporary factors such as Ramadan, school examinations and the shift of Navratri into Q4 from Q1 last year. The company added that dine-in and takeaway growth remained relatively soft during the quarter, weighing on overall LFL growth. Jubilant FoodWorks also disclosed that temporary LPG supply disruptions in select markets affected Dominos India LFL growth by around 30-40 basis points in Q4 FY26. The company said it managed the LPG disruption through menu reconfiguration, dynamic delivery catchments and alternative energy sources, adding that LPG supplies have largely normalised in Q1 FY27. Going forward, management said its focus remains on delivering sustainable 5-7% LFL growth. Investors also appeared cautious about management commentary around future margin pressures. Jubilant FoodWorks warned of rising LPG costs, inflation in cheese, oil and packaging materials, as well as higher labour costs due to wage revisions. The company said a complete pass-through of these costs to consumers may not be feasible, which could create near-term pressure on margins. Management further said affordability-led interventions such as lowering the free delivery threshold to Rs 99, targeted cashbacks and removal of packaging charges in select markets helped sustain order momentum, but weighed on average bill values. On the operational front, the group added 69 net stores during the quarter, taking its global network to 3,636 stores. International operations remained strong, with Turkey revenue rising 59.2% YoY to Rs 764.4 crore and PAT from continuing operations surging 150% to Rs 57.6 crore. Dominos Sri Lanka revenue increased 61.4% YoY to Rs 36.7 crore, while Dominos Bangladesh revenue rose 29.4% to Rs 20.9 crore. The company added 8 net stores across international markets during the quarter, taking the overseas store count to 1,074. Jubilant FoodWorks operates quick-service restaurant brands including Dominos Pizza, Dunkin and Popeyes in India and several international markets. The Group has a strong portfolio of brands in emerging markets with franchise rights for two global brands - Dominos and Popeyes and two own-brands, Hong's Kitchen, an Indo-Chinese QSR brand in India, and a CAFbrand - COFFY in Turkey. First Published: May 21 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dee Development Engineers rose 2.14% to Rs 485 after the company reported a 53.18% increase in consolidated net profit to Rs 28.01 crore in Q4 FY26 as against Rs 18.28 crore reported in Q3 FY26. On a year-on-year basis, the company reported a 11.11% year-on-year drop in consolidated net profit to Rs 28.01 crore, despite a 26.26% rise in revenue from operations to Rs 361.57 crore in Q4 FY26 over Q4 FY25. Profit before exceptional items and tax stood at Rs 35.60 crore in Q4 FY26, compared with Rs 42.30 crore in Q4 FY25. The company reported an exceptional loss of Rs 2.27 crore during the quarter, mainly due to changes in employee benefit obligations arising from the implementation of the new labor codes, resulting in a one-time expense. Total expenses rose 32.86% YoY to Rs 327.72 crore in Q4 FY26 compared with Rs 246.67 crore in Q4 FY25. The cost of material consumed stood at Rs 126.72 crore (up 50.02% YoY), employee benefit expenses were Rs 48.52 crore (up 0.95% YoY), and finance costs came in at Rs 15.90 crore (up 34.47% YoY) during the period under review. DEE Development Engineers (DDEL) is an engineering company providing specialized process piping solutions for industries such as oil and gas, power industries, process industries, and chemicals through engineering, procurement, and manufacturing services. First Published: May 21 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bank of Maharashtra is quoting at Rs 79.58, up 1.05% on the day as on 12:49 IST on the NSE. The stock is up 57.74% in last one year as compared to a 3.98% spurt in NIFTY and a 19.81% spurt in the Nifty PSU Bank index. Bank of Maharashtra gained for a third straight session today. The stock is quoting at Rs 79.58, up 1.05% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.12% on the day, quoting at 23630.9. The Sensex is at 75137.86, down 0.24%. Bank of Maharashtra has slipped around 0.23% in last one month. Meanwhile, Nifty PSU Bank index of which Bank of Maharashtra is a constituent, has slipped around 11.45% in last one month and is currently quoting at 7970.9, up 0.23% on the day. The volume in the stock stood at 67.68 lakh shares today, compared to the daily average of 212.95 lakh shares in last one month. The PE of the stock is 8.62 based on TTM earnings ending March 26. First Published: May 21 2026 | 1:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aurobindo Pharma Ltd is quoting at Rs 1541.4, up 1.57% on the day as on 12:49 IST on the NSE. The stock is up 29.73% in last one year as compared to a 3.98% slide in NIFTY and a 15.38% slide in the Nifty Pharma index. Aurobindo Pharma Ltd is up for a third straight session today. The stock is quoting at Rs 1541.4, up 1.57% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.12% on the day, quoting at 23630.9. The Sensex is at 75137.86, down 0.24%. Aurobindo Pharma Ltd has gained around 8.46% in last one month. Meanwhile, Nifty Pharma index of which Aurobindo Pharma Ltd is a constituent, has gained around 10.58% in last one month and is currently quoting at 24843.15, down 0.04% on the day. The volume in the stock stood at 4.58 lakh shares today, compared to the daily average of 12.95 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 1540, up 1.34% on the day. Aurobindo Pharma Ltd is up 29.73% in last one year as compared to a 3.98% slide in NIFTY and a 15.38% slide in the Nifty Pharma index. The PE of the stock is 41.12 based on TTM earnings ending December 25. First Published: May 21 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
CG Power & Industrial Solutions Ltd is quoting at Rs 862.15, up 1.04% on the day as on 12:49 IST on the NSE. The stock is up 23.79% in last one year as compared to a 3.98% slide in NIFTY and a 14.01% slide in the Nifty Energy index. CG Power & Industrial Solutions Ltd is up for a third straight session today. The stock is quoting at Rs 862.15, up 1.04% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.12% on the day, quoting at 23630.9. The Sensex is at 75137.86, down 0.24%. CG Power & Industrial Solutions Ltd has gained around 4.59% in last one month. Meanwhile, Nifty Energy index of which CG Power & Industrial Solutions Ltd is a constituent, has gained around 1.04% in last one month and is currently quoting at 40154.95, up 0.39% on the day. The volume in the stock stood at 15.86 lakh shares today, compared to the daily average of 41.35 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 862.7, up 0.86% on the day. CG Power & Industrial Solutions Ltd is up 23.79% in last one year as compared to a 3.98% slide in NIFTY and a 14.01% slide in the Nifty Energy index. The PE of the stock is 100.04 based on TTM earnings ending March 26. First Published: May 21 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Power Ltd is quoting at Rs 27.42, up 1.07% on the day as on 12:49 IST on the NSE. The stock is down 38.51% in last one year as compared to a 3.98% jump in NIFTY and a 14.01% jump in the Nifty Energy index. Reliance Power Ltd is up for a third straight session today. The stock is quoting at Rs 27.42, up 1.07% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.12% on the day, quoting at 23630.9. The Sensex is at 75137.86, down 0.24%. Reliance Power Ltd has slipped around 9.36% in last one month. Meanwhile, Nifty Energy index of which Reliance Power Ltd is a constituent, has slipped around 1.04% in last one month and is currently quoting at 40154.95, up 0.39% on the day. The volume in the stock stood at 259.44 lakh shares today, compared to the daily average of 511.7 lakh shares in last one month. The PE of the stock is 0 based on TTM earnings ending December 25. First Published: May 21 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Petroleum Corporation Ltd is quoting at Rs 387.35, up 1.2% on the day as on 12:49 IST on the NSE. The stock is down 3.46% in last one year as compared to a 3.98% slide in NIFTY and a 14.01% slide in the Nifty Energy index. Hindustan Petroleum Corporation Ltd is up for a third straight session today. The stock is quoting at Rs 387.35, up 1.2% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.12% on the day, quoting at 23630.9. The Sensex is at 75137.86, down 0.24%. Hindustan Petroleum Corporation Ltd has gained around 1.25% in last one month. Meanwhile, Nifty Energy index of which Hindustan Petroleum Corporation Ltd is a constituent, has gained around 1.04% in last one month and is currently quoting at 40154.95, up 0.39% on the day. The volume in the stock stood at 46.48 lakh shares today, compared to the daily average of 79.65 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 386.85, up 1.08% on the day. Hindustan Petroleum Corporation Ltd is down 3.46% in last one year as compared to a 3.98% slide in NIFTY and a 14.01% slide in the Nifty Energy index. The PE of the stock is 4.74 based on TTM earnings ending March 26. First Published: May 21 2026 | 1:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 12:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 21 May 2026 First Published: May 21 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Whirlpool of India reported a 32.71% decline in consolidated net profit to Rs 80.20 crore for the fourth quarter ended March 2026, compared with Rs 119.20 crore recorded in the corresponding quarter last year. The company said profitability during the quarter was impacted by regulatory headwinds, including incremental e-waste provisions and energy transition costs in the air-conditioner and refrigerator segments, along with commodity inflation triggered by ongoing geopolitical tensions. Consolidated EBITDA stood at Rs 121 crore in Q4 FY26, down 34% compared with the year-ago period. Profit before tax (PBT) for the quarter came in at Rs 109.83 crore, marking a 32.05% decline from Rs 161.65 crore reported in Q4 FY25. For the full financial year FY26, the company posted an 18.17% decline in consolidated net profit to Rs 293.75 crore. Revenue from operations, however, increased 1.44% YoY to Rs 8,034.20 crore. Meanwhile, the board of directors recommended a final dividend of Rs 5 per equity share of face value Rs 10 each for FY26. The company also announced key management changes. Anuj Lall has resigned from the position of executive director to pursue opportunities outside the company and will be relieved from his duties effective 20 July 2026. Further, the board approved the appointment of Aditya Jain as additional director, executive director, and chief financial officer with effect from 21 July 2026 for a term of five years, subject to necessary approvals. Whirlpool of India (WOIL), headquartered in Gurugram, is one of the leading manufacturers and marketers of major home appliances in the country. It operates three manufacturing facilities at Faridabad, Puducherry and Pune. The counter advanced 2.76% to Rs 880.55 on the BSE. First Published: May 21 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
JK Lakshmi Cement slipped 1.57% to Rs 626 after the company reported an 18.6% decline in standalone net profit to Rs 138.22 crore in Q4 FY26, compared with Rs 169.81 crore in the same quarter last year. Profit before interest, depreciation, and tax (PBIDT) stood at Rs 324.42 crore in the March 2026 quarter, registering a de-growth of 11.9% YoY. Profit before tax (PBT) in Q4 FY26 declined 24.53% to Rs 187 crore, compared to Rs 247.78 crore in Q4 FY25. On a full-year basis, the company reported a 44.6% increase in standalone net profit to Rs 444.65 crore on a 9.2% rise in revenue from operations to Rs 6,762.63 crore in FY26 over FY25. The company also disclosed exceptional items related to the cancellation of a mining development agreement in Assam. JK Lakshmi Cement derecognised investments of around Rs 325 crore related to the project and recognised claims recoverable of Rs 130 crore in its standalone financial results. The company added that it has initiated legal proceedings for recovery of the amount. As part of its green initiatives, the company is implementing a project at its Sirohi Cement Plant to enhance its Thermal Substitution Rate (TSR) from 4% to 16% in a phased manner. During the quarter, renewable or green power accounted for 46% of the companys total power mix. On the capital expenditure front, the company is setting up a railway siding at its Dug Cement Plant at an estimated cost of Rs 325 crore. The project will be funded through debt of Rs 225 crore, while the remaining amount will be financed through internal accruals. The first phase of the project has already been completed. Additionally, the company is expanding clinker capacity at its integrated cement plant at Dug, Chhattisgarh, by setting up an additional clinker line of 2.3 million tonnes per annum (MTPA) and four cement grinding units with an aggregate capacity of 4.6 MTPA. The company is also establishing three split-location cement grinding units with a combined capacity of 3.4 MTPA at Prayagraj in Uttar Pradesh, Madhubani in Bihar, and Patratu in Jharkhand. The overall project is estimated to cost Rs 3,000 crore and will be funded through a mix of term loans from banks and internal accruals. The project will be implemented in phases and is expected to be completed by March 2028. Meanwhile, the companys Board of Directors recommended a dividend of Rs 6.50 per equity share of face value Rs 5 each (130%) for FY26, subject to approval at the ensuing AGM. The dividend will be paid within 34 weeks of approval, subject to applicable TDS. JK Lakshmi Cement is a cement manufacturer with a presence in Northern, Western, and Eastern Indias cement markets. First Published: May 21 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hitech Corporation Ltd, United Foodbrands Ltd, Modi Naturals Ltd and Genesys International Corporation Ltd are among the other gainers in the BSE's 'B' group today, 21 May 2026. Hitech Corporation Ltd, United Foodbrands Ltd, Modi Naturals Ltd and Genesys International Corporation Ltd are among the other gainers in the BSE's 'B' group today, 21 May 2026. Exicom Tele-Systems Ltd surged 20.00% to Rs 138 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 9.42 lakh shares were traded on the counter so far as against the average daily volumes of 51358 shares in the past one month. Hitech Corporation Ltd soared 19.98% to Rs 169.35. The stock was the second biggest gainer in 'B' group. On the BSE, 14084 shares were traded on the counter so far as against the average daily volumes of 2674 shares in the past one month. United Foodbrands Ltd spiked 17.20% to Rs 475.2. The stock was the third biggest gainer in 'B' group. On the BSE, 1.67 lakh shares were traded on the counter so far as against the average daily volumes of 21451 shares in the past one month. Modi Naturals Ltd jumped 15.90% to Rs 472.8. The stock was the fourth biggest gainer in 'B' group. On the BSE, 31347 shares were traded on the counter so far as against the average daily volumes of 7943 shares in the past one month. Genesys International Corporation Ltd gained 14.89% to Rs 231.45. The stock was the fifth biggest gainer in 'B' group. On the BSE, 90752 shares were traded on the counter so far as against the average daily volumes of 22485 shares in the past one month. First Published: May 21 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 12:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 12:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IT Secretary Bhaskar Katamneni directed Andhra Pradesh Industrial and Infrastructure Corporation (APIIC) and Vizianagaram district administration to identify an additional acre of land suitable for the Cable Landing Station (CLS). The government accords approval for allotment of 854.97 acres of land in Vizianagaram district to Reliance Industries Limited, at a 25 percent discounted rateThe land allotment is intended for establishment of a Giga-Scale AIDC with CLS, with proposed cumulative investment of Rs 1.08 lakh crore, said Katamneni in a Government Order (GO). First Published: May 21 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 12:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani Power on Thursday said it has entered into definitive agreements to acquire a 24 per cent stake in Jaiprakash Power Ventures and other thermal assets from Jaiprakash Associates for about ?4,193.59 crore. According to a regulatory filing, the company has also inked a Share Purchase Agreement for the acquisition of 24 per cent shares of Jaiprakash Power Ventures Ltd, held by Jaiprakash Associates. Further, Adani Power has inked a Business Transfer Agreement for the acquisition of the 180 MW thermal power plant of Jaiprakash Associates located in Churk and other related assets, including 11.49 per cent shares of Prayagraj Power Generation Company Ltd, held by Jaiprakash Associates. It stated that the consideration for 24 per cent of the shareholding of JPVL, held by JAL, stood at ?2,993.60 crore and for the 180 MW thermal power plant of JAL located in Churk and other related assets, including 11.49 per cent shares of Prayagraj Power Generation Company Ltd, held by JAL, is ?1,200 crore. On March 19, 2026, the company had intimated bourses that it had expressed its in-principle interest in becoming one of the "Implementing Entities" under the NCLT-approved resolution plan for Jaiprakash Associates Ltd. The company stated that as part of the implementation of the Approved Resolution Plan, the company has entered into these definitive agreements with JAL. Approval by the Competition Commission of India has already been obtained on August 26, 2025, it stated. The Approved Resolution Plan was approved by the National Company Law Tribunal, Allahabad bench at Prayagraj on March 17, 2026, which was further upheld by the National Company Law Appellate Tribunal on May 4, 2026. Jaiprakash Power Ventures Ltd is engaged primarily in the business of thermal and hydro power generation, and also has coal mining, sand mining and cement grinding. JPVL presently owns and operates three Power plants with an aggregate capacity of 2,220 MW, a 2 MTPA Cement Grinding Unit and a 3.92 MTPA Coal Mine. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 21 2026 | 11:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 11:33 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Growth across India's private sector economy faded slightly halfway through the first fiscal quarter, with the latest HSBC Flash PMI figures showing weaker increases in total new orders, international sales, employment and business activity. After retreating in April, input price inflation ticked higher, but firms limited the pass-through of additional cost burdens to clients by lifting output charges to a lesser extent. Service providers outperformed manufacturers and experienced softer inflationary pressures. Registering 58.1 in May, the HSBC Flash India PMI Composite Output Index a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors was down only marginally from 58.2 in April and therefore signalled another marked expansion in private sector activity. Underlying data showed that a pick-up in growth across the service economy was offset by a weaker increase in factory production, one that was the second-slowest since mid-2022 (ahead of that seen in March). Manufacturing PMI fell to 54.3 in May from 54.7 in April, marking the second-weakest improvement in factory conditions in nearly four years, ahead only of the level seen in March. Meanwhile, services PMI inched up to 58.9 in May from 58.8 in April. First Published: May 21 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Moschip Technologies declined 2.99% to Rs 204.15 after the company reported an 8.72% decrease in consolidated net profit to Rs 7.95 crore in Q4 FY26 as against Rs 8.71 crore posted in Q4 FY25. On a sequential basis, net profit surged 84.88%, while revenue rose 2.57% compared with the previous quarter. Profit before tax (PBT) stood at Rs 6.71 crore in Q4 March 2026, down 22.96% YoY and up 31.56% QoQ EBITDA grew from Rs 59.93 crore to Rs 65.11 crore, an increase of 8.64% For the full financial year FY26, the company posted a 5.51% increase in consolidated net profit to Rs 35.20 crore, while revenue from operations rose 25.34% year-on-year to Rs 585.15 crore over FY25. MosChip Technologies Limited, headquartered in Hyderabad, India, is a publicly traded company specialising in semiconductor and product engineering solutions. With around 1800 engineers and domain experts across Silicon Valley, USA, Hyderabad, Bengaluru, Ahmedabad, and Pune, MosChip continues to drive digital and product transformation for businesses across various industries. We offer engineering solutions comprising systems and product design, IoT solution design, artificial intelligence and machine learning, FPGA design, mixed signal IP design, ASIC design, design verification, and validation. First Published: May 21 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Samvardhana Motherson share price target hiked by ICICI Securities after Q4 results First Published: May 21 2026 | 11:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Consumer Discretionary stocks First Published: May 21 2026 | 11:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On Wednesday, the rupee made a new low of 96.95 and later closed at 96.86 which was also a new closing low as demand for dollars continued The rupee recovered 41 paise from its all-time closing low to 96.45 against US dollar in early trade on Thursday, after US President Donald Trump indicated that negotiations with Iran were entering the final stages. Investors are still gauging the geopolitical risk and oil price sensitivity in the background with any flare-up in the Middle East tensions or spikes in crude, forex traders said. At the interbank foreign exchange market, the rupee opened at 96.25 against the US dollar, then touched 96.45 in early trade, up 41 paise from its all-time lifetime low of 96.86 against the US dollar on Wednesday. On Wednesday, the rupee made a new low of 96.95 and later closed at 96.86 which was also a new closing low as demand for dollars continued with dollar index higher and crude oil prices remaining on the higher side near to $110 during the day. "From a technical perspective, the 97.00 zone is expected to act as an immediate resistance area for USDINR, while support may emerge around the 95.5095.80 zone," CR Forex Advisors MD Amit Pabari said. Pabari further added that as long as geopolitical tensions remain elevated, the broader pressure on the rupee is likely to continue. RBI measures and liquidity support may help provide temporary relief and contain volatility in the near term, he said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.18, up 0.09 per cent. Brent crude, the global oil benchmark, was trading up 0.71 per cent $105.77 per barrel in futures trade. On the domestic equity market front, Sensex climbed 327.74 points to 75,646.13 in early trade, while the Nifty was up 111.75 points to 23,772.05. Foreign Institutional Investors offloaded equities worth Rs 1,597.35 crore on a net basis on Wednesday, according to exchange data. As per US media report, US President Donald Trump and Israel's Prime Minister Benjamin Netanyahu had a tense phone call over the future course of the war on Iran as Washington appeared to be in favour of a deal instead of the resumption of strikes. After the Tuesday phone call with Trump, Netanyahu's "hair was on fire", US media outlet Axios reported on Wednesday, adding that the Israeli Prime Minister was keen on the resumption of strikes to further degrade Iran's military capabilities and weaken the regime by destroying its critical infrastructure. Trump on Sunday said he had put-off strikes on Iran, planned for Tuesday, following a request from Arab nations including Qatar and the UAE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 21 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aurionpro Solutions, through its US-based subsidiary Aurionpro Fintech Inc., announced its largest order win in the US market with the signing of a strategic three-year engagement with one of the leading fintech platforms in the United States specializing in digital insurance payments. The engagement marks a significant expansion of Aurionpro's existing relationship with the customer, which currently leverages our cutting-edge payments framework software and allied services. Under the expanded mandate, Aurionpro will deliver its proprietary software and advanced technology solutions, including enhancement and maintenance of the existing payment platform, cloud and DevOps solutions, as well as AI and data engineering support. The engagement is expected to generate more than USD 33 million in revenue over the contract period. Aurionpro Fintech leverages Aurionpro's advanced AI platforms, payments frameworks, and digital engineering capabilities to help enterprises solve complex, high-stakes business challenges, optimize operations, and drive scalable digital transformation. Focused on the payments and fintech ecosystem, the company delivers specialized technology solutions that seamlessly integrate with clients' existing environments while leveraging modern architecture, cloud infrastructure, security frameworks, AI-driven automation, data engineering, and advanced platform capabilities. First Published: May 21 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The acquisition is in line with the Company's strategy to expand its presence in the renewable energy sector. It will enable business diversification and support long-term growth through participation in solar energy projects. First Published: May 21 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
International Gemological Institute Limited recorded volume of 2.92 lakh shares by 10:46 IST on BSE, a 9.84 times surge over two-week average daily volume of 29667 shares Jubilant Foodworks Ltd, Sammaan Capital Ltd, Maharashtra Scooters Ltd, Dr Agarwals Health Care Ltd are among the other stocks to see a surge in volumes on BSE today, 21 May 2026. International Gemological Institute Limited recorded volume of 2.92 lakh shares by 10:46 IST on BSE, a 9.84 times surge over two-week average daily volume of 29667 shares. The stock gained 5.61% to Rs.371.95. Volumes stood at 37781 shares in the last session. Jubilant Foodworks Ltd notched up volume of 7.55 lakh shares by 10:46 IST on BSE, a 7.37 fold spurt over two-week average daily volume of 1.02 lakh shares. The stock slipped 6.90% to Rs.439.95. Volumes stood at 24393 shares in the last session. Sammaan Capital Ltd notched up volume of 34.95 lakh shares by 10:46 IST on BSE, a 5.66 fold spurt over two-week average daily volume of 6.17 lakh shares. The stock rose 8.99% to Rs.154.50. Volumes stood at 13.85 lakh shares in the last session. Maharashtra Scooters Ltd saw volume of 1704 shares by 10:46 IST on BSE, a 4.61 fold spurt over two-week average daily volume of 369 shares. The stock increased 1.69% to Rs.11,705.00. Volumes stood at 318 shares in the last session. Dr Agarwals Health Care Ltd clocked volume of 19266 shares by 10:46 IST on BSE, a 3.67 times surge over two-week average daily volume of 5256 shares. The stock gained 1.45% to Rs.467.90. Volumes stood at 3950 shares in the last session. First Published: May 21 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sansera Engineering stock hit a record high in Thursday's trade. First Published: May 21 2026 | 10:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Falling oil prices and cooling inflation fears pulled Treasury yields lower, giving Wall Street the boost it needed as Nvidia, AMD and Intel led a broad market rally toward record highs. Yields eased Wednesday as oil prices pulled back some more. The price for a barrel of Brent crude fell 5.6% to settle at $105.02, though it remains well above its roughly $70 level from before the war. A report showing less bad inflation in the United Kingdom than economists expected also helped calm yields worldwide. With the easing of yields, technology stocks helped lead Wall Street higher. Nvidia rose 1.3% ahead of its profit report, acting as the strongest force lifting the S&P 500. Advanced Micro Devices surged 8.1% and Intel jumped 7.4% while the Russell 2000 index gained 2.6% more than double the S&P 500's gain as smaller companies benefit more from lower yields due to their borrowing needs. TJX Companies climbed 5.7% after beating profit and revenue expectations, with CEO Ernie Herrman raising full-year forecasts. Red Robin surged 18.2% and Cava Group rose 3.1% on strong earnings. Target, however, fell 3.9% despite beating expectations, as investors had priced in high hopes following its 30%-plus year-to-date gain heading into the report. In stock markets abroad, indexes climbed in Europe following weaker finishes across Asia. Tokyos Nikkei 225 fell 1.2% as the yield on the 10-year Japanese government bond slipped but remained near its highest level since 1997. The 10-year Treasury yield dropped to 4.57% from 4.67%, offering significant relief after a rapid climb from below 4% driven by inflation fears tied to the Iran war and rising oil prices. Those concerns had all but eliminated expectations of a Fed rate cut this year and raised fears of potential hikes in 2026. High yields weigh on stocks, crypto, and other investments, while also pushing up mortgage rates and threatening to slow AI data center borrowing a key recent driver of U.S. economic growth. First Published: May 21 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Honeywell Automation India jumped 8.08% to Rs 32,611.35 after the company reported a 14.15% increase in standalone net profit to Rs 159.7 crore in Q4 FY26, compared with Rs 139.9 crore in Q4 FY25. Revenue from operations jumped 5.93% year on year to Rs 1,180.7 crore in quarter ended 31 March 2026. During the quarter, profit before tax stood at Rs 215.3 crore, up 13.19% from Rs 190.2 crore posted in the same quarter last year. Total expenses increased 4.23% year-on-year (YoY) to Rs 1,011.99 crore in the March 2026 quarter. The cost of materials consumed stood at Rs 593.5 crore (down 1.23% YoY), while employee benefit expenses were at Rs 205.8 crore (up 15.29% YoY) during the period under review. The board of directors has recommended a final dividend of Rs 110 per equity share for FY26, representing 1,100% of the face value of Rs 10 each. Honeywell Automation India is engaged in providing integrated automation and software solutions, including process solutions and building solutions. First Published: May 21 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GPT Infraprojects gained 3.62% to Rs 124.50 after the company reported a 31.5% surge in consolidated net profit to Rs 31.88 crore in Q4 FY26, compared with Rs 24.24 crore in Q4 FY25. Profit before tax stood at Rs 41.31 crore during the quarter, up 44.2% from Rs 28.64 crore recorded in Q4 FY25. EBITDA came in at Rs 59.2 crore in Q4 FY26, as against Rs 38.6 crore in Q4 FY25, registering a growth of 53.5%. EBITDA margin improved to 14.3% in Q4 FY26 from 10.1% in Q4 FY25. Revenue from the infrastructure segment stood at Rs 383.13 crore, up 10.36% YoY, while revenue from the concrete sleeper segment declined 5.57% YoY to Rs 31.72 crore in Q4 FY26. On a full-year basis, the company's consolidated net profit jumped 21.5% to Rs 97.31 crore on an 8.6% rise in revenue from operations to Rs 1,289.92 crore in FY26 over FY25. The order backlog remained healthy at Rs 4,476 crore, with order inflows of Rs 2,422 crore during the year, including incremental orders from existing contracts. Commenting on the performance, GPT chairman Dr. Om Tantia said, The quarter and year ended March 31, 2026, marked a strong close to a transformational year for GPT Infra. We are pleased to report that we surpassed our full-year order inflow guidance, securing new orders worth approximately Rs 2,422 crore during the year. This has further strengthened our unexecuted order book, which stands at around Rs 4,476 crore, providing healthy revenue visibility for the coming years. For the full year, the company delivered a resilient operating performance, supported by robust execution across our core infrastructure and manufacturing segments. The fourth quarter saw improved momentum in execution as project activity normalized post earlier seasonal disruptions, enabling us to close the year on a steady operational footing. Margins remained stable, supported by operating efficiencies, while our disciplined approach towards cost and working capital management continued to reflect positively on cash flows and overall financial strength. During the year, one of the most significant milestones was our entry into the signaling, telecommunications, and allied railway EPC business through the acquisition of Alcon Builders & Engineers. The acquisition will provide us to participate in a high-growth, high-margin segment within the railway ecosystem, characterized by strong entry barriers and significant long-term opportunity. Overall, FY26 has been a year of strong order inflows, with marquee large-ticket prestigious orders, strategic expansion, and capability enhancement for the company. With a robust and diversified order book, improving execution momentum, and a strengthened presence across emerging infrastructure segments, we remain confident in our medium- to long-term growth outlook. The board of directors also declared a third interim dividend of Rs 1 per equity share of face value Rs 10 each for FY26, representing 10% of the face value. The record date for the dividend has been fixed as 26 May 2026, and the dividend will be paid on or before 18 June 2026. GPT Infraprojects is the flagship company of the GPT Group and is a premier infrastructure company based out of Kolkata. The company operates through two business divisionsinfrastructure and sleepers. It is engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for railways. In the sleeper segment, the company manufactures and supplies concrete sleepers for railways in India and Africa. First Published: May 21 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 10:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 10:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(a) Share Purchase Agreement for acquisition of 24% shares of Jaiprakash Power Ventures (a listed entity), held by JAL; and (b) Business Transfer Agreement for acquisition of the 180 MW thermal power plant of JAL located in Churk and other related assets, including 11.49% shares of Prayagraj Power Generation Company, held by JAL. First Published: May 21 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee recovered well in opening trades on Thursday as global investors noted a slight pullback in crude oil prices over the recent comments on a potential final stage of the US-Iran conflict. INR opened at Rs 96.25 per dollar and hit a high of 96.05 so far during the day. Yesterday, the counter ended near the next critical level of 96.86, a new historic low. Meanwhile, in a major structural intervention to stabilise domestic financial markets, the Reserve Bank of India (RBI) has announced a $5 billion USD/INR buy-sell swap auction. Scheduled to take place next week on Tuesday, May 26, the central banks move is specifically engineered to inject durable, long-term Rupee liquidity into the commercial banking system. The Indian Rupee has faced persistent downward pressure, depreciating significantly against the American greenback in recent weeks due to ongoing global macroeconomic uncertainties and shifting foreign capital flows. By deploying this specialised monetary tool, the RBI aims to ease prolonged cash tightness within the banking network while simultaneously fortifying its foreign exchange reserves. First Published: May 21 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
VK Vijayakumar, Geojit Financial Services First Published: May 21 2026 | 10:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Metro Brands rose 3.35% to Rs 1,080 after the company's consolidated net profit jumped 23.48% to Rs 117.73 crore on a 20.26% increase in revenue from operations to Rs 772.98 crore in Q4 FY26 over Q4 FY25. E-commerce and omni-channel sales jumped 53% year-on-year and contributed 12.2% of total revenue during the quarter, up from 9.5% a year ago. EBITDA jumped 20.5% to Rs 238 crore in Q4 FY26, compared with Rs 198 crore in the corresponding quarter last year. EBITDA margin improved marginally to 30.8% in Q4 FY26 from 30.7% in Q4 FY25. On a full-year basis, the company's consolidated net profit jumped 17.33% to Rs 415.89 crore on a 14.21% rise in revenue from operations to Rs 2,863.63 crore in FY26 over FY25. The footwear retailer continued expanding its store network, opening 47 new stores and closing five during the quarter, resulting in a net addition of 42 stores. Overall, the company added 124 stores during FY26, including two FILA Exclusive Brand Outlets focused on the growing athleisure segment. The company also added around 2 lakh square feet of warehousing space during FY26 to strengthen supply chain and delivery operations. Nissan Joseph, CEO, Metro Brands, said, Q4 marked a solid finish to FY26, supported by wedding season demand along with sustained traction across our portfolio. We continued to focus on strengthening our retail footprint, accelerating omni-channel capabilities, and investing in operational infrastructure to support long-term growth. The addition of new stores, including FILA EBOs, along with expanded warehousing capacity, positions us well to serve evolving consumer needs more efficiently. Meanwhile, the companys board has recommended a final dividend of Rs 3 per equity share of face value Rs 5 each for FY26, subject to shareholder approval. Metro Brands is one of the Indian footwear specialty retailers. As of March 31, 2026, the company operated 1,032 stores across 221 cities spread across 31 states and union territories in India. First Published: May 21 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The GIFT Nifty May 2026 futures currently traded 158 points higher, suggesting a positive opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 1,597.35 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,968.35 crore in the Indian equity market on 20 May 2026, provisional data showed. The FIIs have sold shares worth Rs 25,896.97 crore so far in May (till 20 May 2026). This follows their cash sales of Rs 70,135.46 crore in April, Rs 122,540.41 crore in March and Rs 6,640.78 crore in February. Global Markets: Asia-Pacific market opened higher on Thursday, following overnight gains on Wall Street amid hopes of a possible resolution to the Middle East conflict. U.S. President Donald Trump said that Washington was in the final stages of negotiations with Iran, according to media reports, helping lift investor optimism. Japans Nikkei 225 jumped over 3% after the release of the countrys latest trade data. Exports rose at the fastest pace since January, rising 14.8% in April, driven by surge in semiconductor shipments. Imports grew 9.7% year-on-year, higher than an expected 8.3% rise, according to government data. The countrys trade balance narrowed to 301.9 billion yen in April, from 643 billion yen in March. Overnight in the U.S., The Dow Jones Industrial Average advanced 645.47 points, or 1.31%, closing at 50,009.35. The S&P 500 rose 1.08% to 7,432.97, while the Nasdaq Composite added 1.54% and ended at 26,270.36. Domestic Market: Benchmark indices recovered sharply from early losses on Wednesday, with the Sensex rebounding nearly 800 points from the days low and the Nifty closing above 23,650. The market rebound was driven by value buying at lower levels, easing crude oil prices and hopes of de-escalation in Middle East tensions after reports showed Chinese oil tankers moving through the Strait of Hormuz. The S&P BSE Sensex advanced 117.54 points or 0.16% to 75,318.39, recovering the day's low of 74,529.41. The Nifty 50 index jumped 41 points or 0.17% to 23,659. First Published: May 21 2026 | 9:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: May 21 2026 | 9:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Steel Authority of India and Kaynes Technology India are banned from F&O trading on 21 May 2026. Earnings to Watch ITC, LG Electronics India, Life Insurance Corporation of India, FSN E-Commerce Ventures (Nykaa), Aurobindo Pharma, Gail (India), Honasa Consumer, Dr Agarwals Health Care, Ashoka Buildcon, Bikaji Foods International, Emami, Engineers India, ICRA, JSW Cement, Max Healthcare Institute, Prestige Estates Projects, Rashtriya Chemicals and Fertilizers, Sun TV Network, VA Tech Wabag, Welspun Corp, and WeWork India Management will announce their quarterly earnings today. Stocks to Watch: Samvardhana Motherson International reported a 46.24% year-on-year surge in consolidated net profit to Rs 1,497.14 crore in Q4 FY26, compared with Rs 1,023.70 crore in the corresponding quarter last year. Revenue from operations increased 9.23% YoY to Rs 34,309.31 crore in the quarter ended 31 March 2026. Lenskart Solutions reported an 8.49% year-on-year decline in consolidated net profit to Rs 200.29 crore in Q4 FY26, compared with Rs 218.89 crore in the corresponding quarter last year. However, revenue from operations surged 46.62% YoY to Rs 2,515.71 crore in the quarter ended 31 March 2026. IRB Infrastructure Developers reported a 37.97% year-on-year rise in consolidated net profit to Rs 296.26 crore in Q4 FY26, compared with Rs 214.72 crore in the corresponding quarter last year. However, revenue from operations declined 10.34% YoY to Rs 1,927 crore in the quarter ended 31 March 2026. Apollo Hospitals reported a 35.9% year-on-year jump in consolidated net profit to Rs 529.3 crore, compared with Rs 389.6 crore in the corresponding quarter last year. Revenue from operations rose 18.1% YoY to Rs 6,605.5 crore against Rs 5,592.2 crore in the year-ago period. Sammaan Capital posted a consolidated net loss of Rs 8,101.4 crore, compared with a loss of Rs 324.04 crore in the corresponding quarter last year. Revenue from operations fell 35.6% YoY to Rs 1,357.7 crore against Rs 2,107.4 crore in the year-ago period. Whirlpool of Indias consolidated net profit fell 32.7% year-on-year to Rs 80.2 crore, compared with Rs 119.2 crore in the corresponding quarter last year. However, revenue from operations rose 8.8% YoY to Rs 2,180.8 crore against Rs 2,004.7 crore in the year-ago period. Metro Brands reported a 23.5% year-on-year jump in consolidated net profit to Rs 117.7 crore, compared with Rs 95.3 crore in the corresponding quarter last year. Revenue from operations rose 20.3% YoY to Rs 772.98 crore against Rs 642.8 crore in the year-ago period. GPT Infraprojects reported a 31.5% year-on-year increase in consolidated net profit to Rs 31.9 crore, compared with Rs 24.2 crore in the corresponding quarter last year. Revenue from operations rose 8.9% YoY to Rs 414.7 crore against Rs 380.7 crore in the year-ago period. Bosch reported a 2.7% year-on-year increase in consolidated net profit to Rs 568.5 crore, compared with Rs 553.6 crore in the corresponding quarter last year. Revenue from operations rose 13.3% YoY to Rs 5,565.7 crore, against Rs 4,910.6 crore in the year-ago period. JK Lakshmi Cement reported a 29.4% year-on-year decline in consolidated net profit to Rs 124.1 crore, compared with Rs 175.7 crore in the corresponding quarter last year. Revenue rose marginally by 0.2% YoY to Rs 1,901.5 crore against Rs 1,897.6 crore in the year-ago period. Pace Digitek has received an advance work order worth Rs 264.6 crore from Bharat Sanchar Nigam (BSNL) for the design, supply, construction, installation, upgradation, and O&M of the middle-mile and last-mile network under the BharatNet program in the Sikkim telecom circle. First Published: May 21 2026 | 9:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 1.77% to Rs 194.42 crore For the full year,net profit declined 3.54% to Rs 133.98 crore in the year ended March 2026 as against Rs 138.90 crore during the previous year ended March 2025. Sales rose 0.89% to Rs 728.32 crore in the year ended March 2026 as against Rs 721.90 crore during the previous year ended March 2025. First Published: May 21 2026 | 9:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 0.06% to Rs 4639.00 crore For the full year,net profit rose 3.05% to Rs 778.00 crore in the year ended March 2026 as against Rs 755.00 crore during the previous year ended March 2025. Sales rose 0.08% to Rs 18568.00 crore in the year ended March 2026 as against Rs 18553.00 crore during the previous year ended March 2025. First Published: May 21 2026 | 9:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 50.57% to Rs 1055.49 crore For the full year,net profit rose 34.95% to Rs 631.73 crore in the year ended March 2026 as against Rs 468.11 crore during the previous year ended March 2025. Sales rose 75.85% to Rs 3903.28 crore in the year ended March 2026 as against Rs 2219.64 crore during the previous year ended March 2025. First Published: May 21 2026 | 9:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 49.98% to Rs 79.91 crore For the full year,net profit rose 44.85% to Rs 13.21 crore in the year ended March 2026 as against Rs 9.12 crore during the previous year ended March 2025. Sales rose 32.50% to Rs 273.98 crore in the year ended March 2026 as against Rs 206.77 crore during the previous year ended March 2025. First Published: May 21 2026 | 9:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 5.96 crore For the full year,net loss reported to Rs 0.02 crore in the year ended March 2026 as against net profit of Rs 0.08 crore during the previous year ended March 2025. Sales reported to Rs 15.29 crore in the year ended March 2026. There were no Sales reported during the previous year ended March 2025. First Published: May 21 2026 | 9:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 8:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 8:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices rebounded on Thursday after two days of losses on outstanding supply concerns because of the uncertain outlook for an end to the Iran war and a US inventory draw raised worries about the depletion of global stockpiles. Brent crude futures rose 81 cents, or 0.77 per cent, to $105.83 a barrel by 0055 GMT, ?and US West Texas Intermediate futures were up 97 cents, or 0.99 per cent, at $99.23. Both benchmarks dropped more than 5.6 per cent on Wednesday after US President Donald Trump said negotiations with Iran were in the final stages, but he also threatened further attacks if it did not agree to a peace deal. Iran warned against further attacks and announced steps to entrench its control of the crucial Strait of Hormuz waterway, which, before the war, carried oil and liquefied natural gas shipments equal to about 20 per cent of global consumption but has been mostly closed. "The sharp drop in oil prices appears to be pricing in the possibility of a breakthrough in the talks," said Yang An, analyst at Haitong Futures. "However, if Trump insists on ?making no concessions to Iran, an agreement seems unlikely, and the final outcome of the negotiations could reverse sharply," Yang said. On Wednesday, Iran announced a new "Persian Gulf Strait Authority," saying there would be a "controlled maritime zone" in the Strait of Hormuz. Iran effectively closed the Strait in retaliation for US and Israeli attacks that started the war on February 28. Most of the fighting has stopped since an April ceasefire, but while Iran is limiting traffic through Hormuz, the US has blockaded its coastline. The supply losses from the key Middle Eastern region because of the war have forced countries to pull from their commercial and strategic inventories at a ?rapid rate, raising concerns about draining them. The US Energy Information Administration said on Wednesday the country withdrew nearly 10 million barrels of oil from its Strategic Petroleum Reserve last week, the biggest drawdown on record. The ?EIA also said commercial crude inventories fell by 7.9 million barrels to 445 million barrels last week, compared with ?analysts' expectations in a Reuters poll for a 2.9 million-barrel draw. Gasoline inventories fell by 1.5 million barrels, while distillates rose by 372,000 barrels. "The drawdown in oil inventories will make it difficult for oil prices ?to remain low," said Mingyu Gao, chief researcher for energy and chemicals at China Futures. "With the Strait of Hormuz blocked, global refined-product and onshore crude inventories are expected to fall below their lowest levels for ?this time of year in the past five years by late May and late June," Gao said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 21 2026 | 8:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Puravankara said that its wholly owned subsidiary, Starworth Infrastructure & Construction m (SICL),has received a letter of intent from Sion Eden Developers. The LoI is for execution of civil and structural works for the Embassy Eden project in Bengaluru. The contract, awarded by a domestic entity, is an item rate contract and will be executed over a period of 34 months from the date of handing over of the site to the contractor. The total contract value stands at Rs 133.34 crore. The company further clarified that neither the promoter group nor group companies have any interest in the awarding entity and that the contract does not fall under related party transactions. The company reported a consolidated net profit of Rs 114.15 crore in Q4 FY26, compared with a net loss of Rs 85.50 crore in the corresponding quarter last year.Revenue from operations jumped 177.3% to Rs 1,501.92 crore in Q4 FY26 from Rs 541.57 crore in Q4 FY25. The Puravankara Group is involved in real estate development, with residential assets constituting most of its portfolio. It is present in both the premium and the affordable housing segments under the brandsurva and Provident, respectively. The group has major operations in Bangalore, with a considerable presence in Chennai, Kochi and Hyderabad, apart from Pune. The scrip tanked 5.09% to end at Rs 221.70. First Published: May 21 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: The Nifty50 and the Sensex are expected to open on a positive note, tracking positive global cues on hopes for a US-Iran peace deal. First Published: May 21 2026 | 7:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE, Stock Markets First Published: May 21 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 7:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 7:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 21 2026 | 7:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Arun Raste, managing director and chief executive officer (MD & CEO), NCDEX This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 20 2026 | 10:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Samvardhana Motherson International reported a 46.24% year-on-year surge in consolidated net profit to Rs 1,497.14 crore in Q4 FY26, compared with Rs 1,023.70 crore posted in the corresponding quarter last year. Profit before tax (PBT) stood at Rs 1,989.42 crore in Q4 FY26, up 30.13% from Rs 1,526.60 crore recorded in Q4 FY25. For the full financial year FY26, the company posted a 1.49% rise in consolidated net profit to Rs 3,859.97 crore, while revenue from operations grew 10.94% year-on-year to Rs 1,26,103.67 crore. Vivek Chaand Sehgal, chairman of Motherson, said, FY26 was another defining year for Motherson. We have delivered our best-ever yearly revenues and resilient profitability in a challenging macroeconomic environment. Our long-time focus on diversification helped us outperform the market. We continued to remain focused on improving capital efficiency while making strategic investments for future growth to support our customers. The improvement in the leverage ratio and a strong booked business of USD 96 billion reinforce our commitment to sustainable value creation. We are progressing confidently towards Vision 2030 while navigating unforeseen challenges and pursuing long-term opportunities. We remain proud of our proven executional and D.E.M.A.L. capabilities and thankful to our customers for their trust and to our teams who are making this possible. Meanwhile, the board recommended a final dividend of Rs 0.25 per equity share of face value Re 1 each for FY26, subject to shareholders approval at the ensuing Annual General Meeting (AGM) scheduled for 30 July 2026. The final dividend, if approved, will be paid within 30 days from the date of declaration. The final dividend is in addition to the interim dividend of Rs 0.35 per equity share already paid for FY26, taking the total dividend for the financial year to Rs 0.60 per equity share, compared with Rs 0.57 per share paid in FY25. Samvardhana Motherson International (SAMIL) is a global design, engineering, manufacturing and assembly specialist. The company was established in 1986. The company is focused, dynamic, and progressive, providing customers with innovative and value-added products, services, and solutions. With a diverse global customer base that includes nearly all leading automobile manufacturers worldwide, the company supports its customers from over 425 facilities across 47 countries on five continents. The counter added 132.30% to Rs 132.30 on the BSE. First Published: May 20 2026 | 9:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fair trade regulator CCI on Wednesday approved a proposal of Blackstone-backed PE funds and other investors to acquire a stake in AI acceleration cloud provider Neysa Networks. The development came after Neysa, in February this year, announced that private equity funds affiliated with Blackstone and co-investors have entered into definitive agreements to invest in the company, enabling a USD 1.2 billion capital raise. The Competition Commission of India (CCI) said it has cleared the proposed deal. "CCI approves the acquisition of certain shareholding in Neysa Networks Private Limited by BCP Asia II Topco V Pte. Ltd, Asia II Topco XIV Pte. Ltd, and other investors," the competition watchdog said in a post on X. Other equity investors in the transaction include Teachers' Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Ventures. Mumbai-based Neysa enables enterprises, startups, and public sector organisations to discover, deploy, and scale AI workloads securely and cost-effectively. In February this year, Blackstone and co-investors provided equity capital of up to USD 600 million, based on which Neysa intends to secure an additional USD 600 million of debt financing, subject to documentation. Following the funding, Neysa became a unicorn, crossing a USD 1 billion valuation. This funding provides a material impetus to Neysa's planned scale-up and deployment of over 20,000 GPUs in India, helping to enable the country's AI revolution, the company said. In a separate release, CCI granted its nod to Cube Highways Trust for the proposed acquisition of Baharampore - Farakka Highways Ltd, Devanahalli Tollway Pvt Ltd, Western MP Infrastructure and Toll Roads Pvt Ltd and Chenani Nashri Tunnelway Ltd. Cube Trust is a Sebi-registered infrastructure investment trust, while Baharampore - Farakka Highways Ltd, Devanahalli Tollway Pvt Ltd, Western MP Infrastructure and Toll Roads Pvt Ltd and Chenani Nashri Tunnelway Ltd are engaged in the business of operating (through governmental concessions) roads and highways in India. Deals beyond a certain threshold require approval from the regulator, which monitors unfair business practices and promotes fair competition in the marketplace. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 20 2026 | 8:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sebi has also proposed allowing AMCs to pay commissions to empanelled MF distributors partly in MF units instead of cash First Published: May 20 2026 | 8:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sebi has also proposed allowing AMCs to pay commissions to empanelled MF distributors partly in MF units instead of cash. | Illustration: Binay Sinha Direct to MF First Published: May 20 2026 | 8:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sebi has also proposed allowing AMCs to pay commissions to empanelled MF distributors partly in MF units instead of cash First Published: May 20 2026 | 8:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mumbai's rains are set to become a tradable asset in India. India's National Commodity and Derivatives Exchange (NCDEX) will launch the country's first exchange-traded weather derivatives ?contract on June 1, allowing participants to hedge financial exposure arising from fluctuations in the rains in Mumbai. The cash-settled futures contract will be based on rainfall deviation data compiled by the state-run India Meteorological Department, NCDEX said in a statement. The exchange said the contracts could help sectors including agriculture, logistics, construction, power and banking ?manage weather-related risks beyond traditional government relief and insurance claims. Businesses in Mumbai - India's financial capital known for torrential monsoon rains - often face disruption during the four-month rainy season beginning in June, affecting supply chains, transport networks and infrastructure activity. India last month forecast below-average monsoon rains in 2026 for the first time in ?three years, raising concerns over farm output and economic growth in Asia's third-largest economy. In ?an Instagram post, NCDEX described rain as a market signal ?and said the derivative contract would allow India to "TradeRain". The advertisement contrasted commuters wading through heavy ?Mumbai rains with a woman smiling while checking trading charts. "For someone it's just rainfall, for some it's an opportunity," ?the advertisement said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 20 2026 | 7:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture First Published: May 20 2026 | 7:12 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: May 20 2026 | 7:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The research paper, authored by officials from Sebi’s Department of Economic and Policy Analysis (DEPA), notes that the rate of gross savings to GDP increased to 34.94 per cent for FY25 First Published: May 20 2026 | 7:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lenskart Solutions reported an 8.49% year-on-year decline in consolidated net profit to Rs 200.29 crore in Q4 FY26, compared with Rs 218.89 crore posted in the corresponding quarter last year. Profit before tax (PBT) stood at Rs 254.19 crore in Q4 FY26, up 5.56% from Rs 240.79 crore recorded in Q4 FY25. For the full financial year FY26, the company posted a 66.99% increase in consolidated net profit to Rs 493.61 crore, while revenue from operations rose 32.49% year-on-year to Rs 8,814.04 crore. Meanwhile, the companys board approved the acquisition of an additional 1% stake in Japan-based OWNDAYS Inc. through its wholly owned subsidiary, Lenskart Solutions Pte Limited, Singapore. The acquisition involves approximately 10,613 shares at a consideration of JPY 77,426.03 per share. The company said the acquisition aligns with its strategy to consolidate ownership in OWNDAYS and strengthen its position as the controlling shareholder. Following the transaction, the aggregate shareholding of the Lenskart group in OWNDAYS will increase to 97.67% on a fully diluted basis. The board also approved an additional investment in Lenskart Solutions Pte Limited (LK Singapore) to support the companys international business operations and capital requirements in Singapore. The investment pertains to around 138,005 shares at a consideration of SGD 289 per share. LK Singapore will continue to remain a wholly owned subsidiary of the company. Further, the board granted in-principle approval for the merger of wholly owned subsidiaries Dealskart Online Services Private Limited and Lenskart Eyetech Private Limited with Lenskart Solutions Limited, subject to regulatory, shareholder, and tribunal approvals. The proposed merger aims to simplify the group structure, reduce administrative costs, and create operational synergies. Dealskart Online Services provides manpower services, fixed asset leasing, and ancillary support for Lenskarts retail operations, while Lenskart Eyetech offers training services to group personnel. Lenskart Solutions is a technology-led eyewear company involved in designing, manufacturing, branding and retailing prescription glasses, sunglasses, contact lenses and related accessories. The counter slipped 1.23% to Rs 486.65 on the BSE. First Published: May 20 2026 | 6:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shaily Engineering Plastics announced that its strategic partner Orbicular Pharmaceutical Technologies in partnership with its Customer has launched a generic version of Semaglutide injection in Canada, incorporating Shaily's proprietary spring-driven ShailyPen Neo pen platform. The combination product has been commercially available in India since March 2026 and has received USFDA Tentative Approval. ShailyPen Neo is among a rare class of commercially available spring-driven pen injectors globally a high-performance, variable and fixed dose platform offering full compatibility with ISO-standard 3 mL cartridges (3 mL and 1.5 mL fill). Shaily's role in this program relates to full design and development, and manufacturing and supply of the device components used in the approved combination product. First Published: May 20 2026 | 6:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 20 2026 | 6:36 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lactose India jumped 7.15% to Rs 128.95 after the company reported a 193.74% surge in consolidated net profit to Rs 1.88 crore in Q4 FY26, compared with Rs 0.64 crore in the corresponding quarter of the previous year. Total expenses increased 58.28% year-on-year to Rs 43.67 crore during the quarter, compared with Rs 27.59 crore in the year-ago period. The cost of materials consumed stood at Rs 28.28 crore, up 59.23% YoY, while employee benefits expenses rose 5.37% to Rs 3.53 crore. Profit before tax (PBT) stood at Rs 2.31 crore in Q4 FY26, registering a growth of 320% from Rs 0.55 crore reported in Q4 FY25. For the full financial year FY26, the company posted a 17.44% rise in consolidated net profit to Rs 6.06 crore, while revenue rose 40.28% to Rs 163.29 crore compared with FY25. Lactose (India) is a pharmaceutical company engaged in the business of manufacturing, trading and carrying out job work and manufacturing of pharmaceutical products. First Published: May 20 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Eris Lifesciences surged 8.57% to Rs 1,455.25 after the company's consolidated net profit zoomed 200.09% to Rs 281.61 crore in Q4 FY26 as against Rs 93.84 crore in Q4 FY25. Total revenue from operations rose 7.26% to Rs 756.56 crore in Q4 FY26 over Q4 FY25. Profit before tax (PBT) stood at Rs 159.41 crore in Q4 FY26, up 23.69% from Rs 128.87 crore recorded in the same quarter last year. During the quarter EBITDA stood at Rs 274 crore, up 8% compared with Rs 252 crore posted in same quarter last year. EBITDA margin expanded to 36.2% in Q4 FY26 as against 35.8% in Q4 FY25. Revenue from domestic branded formulation (DBF) business jumped 12% YoY to Rs 671 crore in Q4 FY26. The International Business fell 8% to Rs 86 crore in Q4 FY26. The company declared an interim dividend of Rs 7.21 per fully paid-up equity share of Re 1 each (721%) for FY27. It has fixed Friday, May 29, 2026, as the record date to determine shareholders eligibility for the interim dividend. The dividend will be paid on or before June 19, 2026. Eris Lifesciences is an Indian pharmaceutical company and a leading player in the domestic branded formulations market. The company is engaged in the manufacturing and marketing of pharmaceutical products. First Published: May 20 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 20 May 2026 First Published: May 20 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Power-related stocks rallied up to 9% in Wednesday's trade. First Published: May 20 2026 | 3:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MTF allows investors to buy stocks by paying only a portion of the total value upfront, with brokers funding the remaining amount. This helps traders take larger positions with limited capital and can amplify gains in rising markets. However, MTF also increases risk. Losses can widen sharply if stock prices fall. Brokers may face difficulty recovering dues if leveraged positions become illiquid, especially in mid-cap and small-cap stocks where lower circuits can block exits during market crashes. In a post on X, Kamath said MTF books are growing rapidly across brokers despite broader markets remaining range-bound. He warned that the biggest risk emerges during sharp market corrections, particularly in illiquid stocks. According to data shared by Kamath, nearly 50% of the industrys MTF exposure is linked to non-F&O stocks. The outstanding MTF book on the NSE has climbed sharply since 2020 and stood at Rs 1,22,151 crore as of 15 May 2026. Kamath said brokers face the risk of bad debit if stock prices fall beyond the margin provided by clients. He added that the risk rises when customers pledge shares as collateral and take leveraged positions in the same stock. If markets crash, brokers could end up holding losses from MTF positions they can't exit and that puts the entire ecosystem at risk, Kamath said. He also said Zerodha currently does not allow collateral margin for buying MTF positions, although competitive pressure may eventually force brokers to adopt such practices. Kamath added that Zerodhas MTF book is around 25% of its net worth, while for some brokers the ratio could be close to 500%, which is the maximum level allowed by regulators. First Published: May 20 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 20 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zee Entertainment Enterprises Ltd, PTC India Ltd, C.E. Info Systems Ltd and BASF India Ltd are among the other losers in the BSE's 'A' group today, 20 May 2026. Zee Entertainment Enterprises Ltd, PTC India Ltd, C.E. Info Systems Ltd and BASF India Ltd are among the other losers in the BSE's 'A' group today, 20 May 2026. P I Industries Ltd crashed 6.94% to Rs 2907.65 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 59811 shares were traded on the counter so far as against the average daily volumes of 9177 shares in the past one month. Zee Entertainment Enterprises Ltd tumbled 5.30% to Rs 83.03. The stock was the second biggest loser in 'A' group.On the BSE, 12.51 lakh shares were traded on the counter so far as against the average daily volumes of 7.01 lakh shares in the past one month. PTC India Ltd lost 5.07% to Rs 196.75. The stock was the third biggest loser in 'A' group.On the BSE, 3.7 lakh shares were traded on the counter so far as against the average daily volumes of 1.37 lakh shares in the past one month. C.E. Info Systems Ltd fell 5.05% to Rs 917.7. The stock was the fourth biggest loser in 'A' group.On the BSE, 43721 shares were traded on the counter so far as against the average daily volumes of 31550 shares in the past one month. BASF India Ltd pared 4.93% to Rs 3613.5. The stock was the fifth biggest loser in 'A' group.On the BSE, 5538 shares were traded on the counter so far as against the average daily volumes of 4353 shares in the past one month. First Published: May 20 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Alembic declined 2.63% to Rs 87.59 after the company's consolidated net profit tanked 59.53% to Rs 9.61 crore in Q4 FY26, compared to Rs 23.75 crore posted in Q4 FY25. Revenue from operations margianlly shed 0.38% year on year (YoY) to Rs 60.04 crore in the quarter ended 31 March 2026. Profit before tax (PBT) stood at Rs 18.44 crore in Q4 FY26, down 31.50% from Rs 26.92 crore recorded in the same quarter last year. Total expenses jumped 20.42% YoY to Rs 43.74 crore in Q4 FY26. The cost of materials consumed stood at Rs 4.04 crore (up 110.41% YoY), while employee benefit expenses rose 80.61% YoY to Rs 11.74 crore during the period under review. The company recommended a dividend of Rs 2.40 per equity share of face value Rs 2 each (120%) for FY26. Alembic is engaged in the businesses of Pharmaceuticals, Real Estate, and Power Assets. The company was started in 1907 as the flagship company of the Alembic Group. In 2010, the company demerged its core pharmaceutical business (formulations) into a wholly-owned subsidiary, Alembic Pharma and after the demerger, APL became the flagship company of the Alembic Group. With its registered office in Vadodra, Alembic currently holds a 28.41% stake in Alembic Pharma and a 19.01% stake in another group entity Paushak. First Published: May 20 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Godawari Power & Ispat Ltd notched up volume of 507.92 lakh shares by 14:14 IST on NSE, a 24.96 fold spurt over two-week average daily volume of 20.35 lakh shares BLS International Services Ltd, PCBL Chemical Ltd, Timken India Ltd, P I Industries Ltd are among the other stocks to see a surge in volumes on NSE today, 20 May 2026. Godawari Power & Ispat Ltd notched up volume of 507.92 lakh shares by 14:14 IST on NSE, a 24.96 fold spurt over two-week average daily volume of 20.35 lakh shares. The stock rose 5.64% to Rs.306.95. Volumes stood at 23.58 lakh shares in the last session. BLS International Services Ltd saw volume of 264.73 lakh shares by 14:14 IST on NSE, a 22.77 fold spurt over two-week average daily volume of 11.63 lakh shares. The stock increased 2.67% to Rs.269.00. Volumes stood at 25.29 lakh shares in the last session. PCBL Chemical Ltd notched up volume of 183.66 lakh shares by 14:14 IST on NSE, a 20.94 fold spurt over two-week average daily volume of 8.77 lakh shares. The stock rose 5.96% to Rs.289.85. Volumes stood at 7.91 lakh shares in the last session. Timken India Ltd recorded volume of 5.72 lakh shares by 14:14 IST on NSE, a 7.76 times surge over two-week average daily volume of 73683 shares. The stock gained 3.73% to Rs.3,669.80. Volumes stood at 1.4 lakh shares in the last session. P I Industries Ltd saw volume of 18.29 lakh shares by 14:14 IST on NSE, a 7.34 fold spurt over two-week average daily volume of 2.49 lakh shares. The stock dropped 6.96% to Rs.2,907.10. Volumes stood at 3.59 lakh shares in the last session. First Published: May 20 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ITC Hotels share price target: ICICI Direct retains Buy rating, sees 45% upside First Published: May 20 2026 | 3:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 19.70% to Rs 694.68 crore For the full year,net profit rose 69.85% to Rs 103.30 crore in the year ended March 2026 as against Rs 60.82 crore during the previous year ended March 2025. Sales rose 14.26% to Rs 2287.14 crore in the year ended March 2026 as against Rs 2001.65 crore during the previous year ended March 2025. First Published: May 18 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 5.42% to Rs 852.85 crore For the full year,net profit rose 29.47% to Rs 236.83 crore in the year ended March 2026 as against Rs 182.92 crore during the previous year ended March 2025. Sales rose 1.90% to Rs 3221.11 crore in the year ended March 2026 as against Rs 3160.95 crore during the previous year ended March 2025. First Published: May 18 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vinati Organics has subscribed to the additional 1,98,80,000 fully paid-up equity shares of the face value of Rs 10/- each at par, amounting to Rs 19,88,00,000/- by way of subscription towards the rights issue of Veeral Organics, a wholly owned subsidiary of the company, and the issued shares rank pari-passu to existing equity shares of Veeral Organics. First Published: May 18 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bharat Wire Ropes slipped 5.97% to Rs 215.10 after the company's standalone net profit slipped 20.09% to Rs 16.46 crore in Q4 FY26 as against 20.60 crore in Q4 FY25. Profit before tax (PBT) fell 21.39% YoY to Rs 21.94 crore during the quarter. Total expenses fell 16.70% to Rs 120.05 crore in Q4 FY26, compared with Rs 144.12 crore in the year-ago period. The cost of materials consumed declined 15.62% to Rs 81.99 crore, finance costs dropped 42.42% to Rs 2.09 crore, while employee benefit expenses rose 7.29% to Rs 18.53 crore. For the full financial year FY26, the company reported a marginal rise in net profit to Rs 72.46 crore, compared with Rs 72.39 crore in the previous year. Revenue from operations fell 4.64% to Rs 590.54 crore in FY26. Bharat Wire Ropes is engaged solely in the business of manufacture and sale of wire & wire ropes. First Published: May 18 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
VIP Industries declined 4.70% to Rs 289.85 after the company's consolidated net loss widened to Rs 128.90 crore in Q4 FY26 as against a net loss of Rs 27.36 crore reported in Q4 FY25. The company reported a loss before exceptional items and tax of Rs 129.33 crore in Q4 FY26, compared with a loss of Rs 36.88 crore in Q4 FY25. During the quarter, it recorded an exceptional item of Rs 0.53 crore towards an insurance claim receipt related to the loss of property, plant, and equipment and inventories destroyed in a fire at the companys regional warehouse in Guwahati on May 17, 2025. Total expenses rose 6.43% YoY to Rs 569.28 crore during the quarter. Finance costs stood at Rs 20.12 crore, up 19.19% YoY, while the cost of materials consumed stood at Rs 212.61 crore, up 5.94% YoY. On a standalone basis, the company reported a net loss of Rs 142.33 crore in Q4 FY26 as against a net loss of Rs 30.51 crore posted in Q4 FY25. Revenue from operations fell 11.8% year on year to Rs 430.61 crore in Q4 FY26. The company said inventory levels across channels have reduced to below 60 days from over 90 days in September 2025. The management indicated that no incremental provisions are expected going forward. It further said that the restructuring undertaken during FY26 is expected to support a return to growth in FY27, with a phased recovery of market share and stronger growth momentum targeted from FY28 onwards. VIP Industries is the leading manufacturer of hard and soft luggage in Asia. First Published: May 18 2026 | 2:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Godfrey Phillips share price falls 6% post Q4 results; ?3 dividend declared First Published: May 18 2026 | 2:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Press Release: NSE Commences Trading in Electronic Gold Receipts (EGRs) To know more, click here: https://t.co/5LkC2w3KrW#NSE #NSEIndia #EGR #ElectronicGoldReceipts @ashishchauhan pic.twitter.com/m9sh383Bk2 READ | NSE's Electronic Gold Receipts: What needs to be checked before investing NSE is pleased to announce the successful commencement of live trading in the Electronic Gold Receipts (EGR) segment, effective 18 May 2026. Combining the enduring trust of gold with the efficiency of exchange-traded markets, NSE EGR enables •Seamless trading •Real-time price… pic.twitter.com/qBfmwISXUP First Published: May 18 2026 | 2:26 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 18 2026 | 2:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: May 18 2026 | 2:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The monetisation of a part of the shareholding in JSW Steel Ltd not only releases capital for pursuing the company's growth strategy but also improves return on capital employed JSW Energy on Monday announced the sale of 25 million equity shares in JSW Steel for Rs 3,150 crore through a bulk deal on the National Stock Exchange of India Ltd. Post-transaction, the company's balance holding is 4,50,38,350 equity shares of JSW Steel Ltd, a regulatory filing said. According to the filing, the company has divested 2,50,00,000 equity shares (face value Re 1 each) of JSW Steel Ltd through a bulk deal on the National Stock Exchange of India Ltd on May 18, as part of a strategic liquidity release, realising gross proceeds of Rs 3,150 crore. The monetisation of a part of the shareholding in JSW Steel Ltd not only releases capital for pursuing the company's growth strategy but also improves return on capital employed, reinforcing the company's commitment to disciplined capital allocation and long-term value creation for shareholders, it added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 18 2026 | 2:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Active equity mutual funds regained investor interest in recent months as folio additions outpaced commodity ETFs amid easing precious metal momentum and equity market corrections. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Arjun Anand, Managing Director & Head of Asia at Verlinvest This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Monday will be the first trading session for silver ETFs after the government restricted silver imports, including silver bars that form the underlying asset of silver ETFs. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jayant Acharya, joint managing director and chief executive officer, JSW Steel This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: May 17 2026 | 8:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: May 17 2026 | 8:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: May 17 2026 | 8:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Puneet Chhatwal, chairman, Federation of Associations in Indian Tourism & Hospitality (FAITH) First Published: May 17 2026 | 8:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Imaging: Ajaya Mohanty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
State capitals and major industrial centres capture the lion’s share of priority sector lending, the report finds. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mitul Kotecha, Head of FX & EM Macro Strategy Asia, Barclays This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mitul Kotecha, Head of FX & EM Macro Strategy Asia, Barclays This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To manage higher commuter volumes, the DMRC will also deploy additional security personnel, open extra ticket counters. With plans to run 24 additional train trips every Monday, deploy extra security personnel, expand ticketing facilities and strengthen last-mile connectivity services, the DMRC announced a series of measures aimed at encouraging more people to shift from private vehicles to public transport across Delhi-NCR. The Delhi Metro Rail Corporation (DMRC) on Sunday said it will introduce 24 additional train trips with the deployment of six extra trains every Monday from May 18, while similar arrangements may also be made on other days depending on passenger demand. The move comes as part of efforts to strengthen mass transit systems and improve urban mobility amid growing emphasis on energy security, environmental sustainability and reduced dependence on petroleum-based transport. According to the corporation, the additional services are aimed at handling a possible increase in passenger footfall and ensuring smooth and uninterrupted operations during peak travel periods. It said passenger demand will be monitored closely and further steps will be taken whenever required. To manage higher commuter volumes, the DMRC will also deploy additional security personnel, open extra ticket counters, activate spare door frame metal detectors and baggage scanners, and take steps to reduce waiting time at frisking points, it stated. Highlighting the metro network's role in integrated transport connectivity, the corporation said several metro stations are linked with railway stations, interstate bus terminals, airport terminals, Namo Bharat Regional Rapid Transit System (RRTS), Noida Metro and Rapid Metro Gurugram. The connectivity network enables commuters to move conveniently between multiple transport systems and reduces reliance on private vehicles, it added. The DMRC also underlined the metro network's accessibility to major commercial centres, government offices, educational institutions, corporate hubs and tourist destinations across Delhi-NCR. It said areas such as Connaught Place, Chandni Chowk, Cyber City, Hauz Khas, Nehru Place and key university campuses are directly connected through the metro network, making daily commuting easier for office-goers, students and tourists. On last-mile connectivity, the DMRC said around 1 lakh passengers use services such as e-autos, e-rickshaws, bike taxis, cab aggregators and bicycle rentals daily across 160 metro stations, according to the DMRC. The DMRC 'Saarthi App' offers integrated journey planning and allows commuters to book metro tickets and last-mile transport services through a single platform, it added. The corporation also said that hydrogen-powered bus services have recently been introduced in the Central Vista area with support from Indian Oil Corporation Limited (IOCL) to improve last-mile connectivity between metro stations and government offices. In addition, around 1,500 Devi buses operated by the Delhi Transport Corporation (DTC) are currently providing feeder services at 52 metro stations, with more buses expected to be added gradually, it mentioned. The DMRC further said parking facilities are available at 126 metro stations across Delhi-NCR under its "park and ride" initiative to encourage commuters to combine personal and public transport. The metro network has also expanded digital ticketing systems, including QR code-based tickets, National Common Mobility Cards (NCMC), WhatsApp ticketing and integration with platforms such as Paytm, PhonePe, Amazon and IRCTC, as per the corporation. The DMRC added the measures are part of its broader commitment towards promoting sustainable and environmentally responsible urban transport solutions in the national capital region. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 17 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Appellate tribunal NCLAT has upheld separate insolvency proceedings for two Videocon group entities -- Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL) -- while setting aside an earlier NCLT order that had directed clubbing of the two cases. In this, state-owned Bharat Petroleum subsidiary, BPRL has acquired VOVL, exercising its Right of First Refusal (ROFR), which was subsequently approved by NCLT through a June 2024 order, while the CIRP of VIL is still pending. The appellate tribunal in its order said VIL and VOVL operate in starkly different sectors -- with VIL engaged in consumer electronics and VOVL in oil-related businesses -- making it impractical for a single entity to possess the expertise required to revive both operations effectively. "One single entity would not have the expertise to revive these varied businesses," the National Company Law Appellate Tribunal (NCLAT) bench of Justice Yogesh Khanna and Ajai Das Mehrotra said. Earlier, the National Company Law Tribunal (NCLT) had, on February 12, 2020, while allowing a plea filed by Venugopal Dhoot, directed the resolution professional to consider and treat all assets, properties rights, claims, benefits of Videocon Oil Venture, Videocon Hydrocarbon Holdings, Videocon Energy Brasil and Videocon Indonesia Nunkan Inc as assets and properties of VIL for insolvency. Dhoot had sought that all foreign oil and gas assets be considered as assets of Videocon Industries. This NCLT order was challenged before the appellate tribunal NCLAT by petitioners, which include public sector lender SBI, BPRL Ventures Indonesia, Pertamina Hulu Energi Nunukan Company, among others. This order was stayed by NCLAT a week after, on February 19, 2020. The matter dates back to 2012, when VOVL and VIL availed of finances on an obligor/co-obligor basis, from a consortium of lenders led by the State Bank of India. Later in 2016-17, its Chairman and Managing Director, V N Dhoot, himself approached the Bank, requesting that VIL be removed as a co-obligor and instead be made a corporate guarantor so that it would not be required to show it as a primary liability on its balance sheet. Thus, this structure was changed, and VIL became a corporate guarantor. This step was taken in pursuance to the letters and V N Dhoot's submission that foreign oil and gas assets are to be ring-fenced from troubles being faced by the domestic business. However, on June 6, 2018 CIRP was initiated against VIL, after the Mumbai bench of NCLT admitted an application under Section 7 of the Insolvency & Bankruptcy Code, filed by SBI. Later, on November 8, 2019 CIRP of VOVL was also initiated. Later, Dhoot filed an application before NCLT praying for consolidation of CIRP of VOVL with the CIRP of VIL and 12 other entities. Dhoot later also filed a proposal under Section 12A of IBC for withdrawal of CIRP against VIL and its 12 companies; however, it was rejected by lenders with 98.14 per cent votes. On December 11, 2020, a resolution plan was submitted by Twin Star Technologies (promoted by billionaire Anil Agarwal of Vedanta) and was approved by CoC and NCLT both in July. This was challenged by Dhoot before NCLAT by filing an appeal challenging the Resolution Plan approval, primarily on the ground that foreign oil and gas assets were not included. Rejecting Dhoot's submission, NCLAT said "the entire journey by Mr Dhoot has been of flip-flops" with contradictions in his stand. NCLAT said Dhoot in 2016 and 2017 sought to remove VIL as a co-obligor to ring-fence the foreign oil and gas assets from the troubles being faced by the domestic business. This was to avoid showing the said liability as its primary liability in the books of accounts of VIL. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 17 2026 | 2:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In case the current auto PLI scheme is extended beyond the five-year tenure, startups are demanding that they be included This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The capacity market will address situations where the energy-only market fails to attract adequate investment for setting up new capacities. First Published: May 13 2026 | 9:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 13 2026 | 8:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sebi said the disclosures would help investors assess the financial health and liquidity risks of issuers | (Sebi) First Published: May 13 2026 | 8:53 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 13 2026 | 8:46 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sergio Ramos First Published: May 13 2026 | 8:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rashmi Saluja, chairperson, Religare First Published: May 13 2026 | 8:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rashmi Saluja, chairperson, Religare Cracking the whip First Published: May 13 2026 | 8:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rashmi Saluja, chairperson, Religare First Published: May 13 2026 | 8:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 13 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sebi had earlier said its investigation found prima facie evidence of diversion of Rs 318.5 crore through Ojas Industries and Rs 870.6 crore through Bajaj Power Generation, besides misleading disclosures in annual reports. First Published: May 13 2026 | 7:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 13 May 2026 First Published: May 13 2026 | 7:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 13 2026 | 6:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 13 2026 | 6:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 13 May 2026 The board has also approved increase in authorised share capital from Rs 10 crore to Rs 60 crore by way of increase in equity shares of Rs 5 each. First Published: May 13 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 13 May 2026 First Published: May 13 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 13 May 2026 First Published: May 13 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 13 May 2026 - Approved entering into a Memorandum of Understanding (MoU) with ER Steel, Canada for strategic collaboration in the structural steel and pre-engineered building (PEB/PEMB) business in Canada and North America. - Approved entering into a Memorandum of Understanding (MoU) with ER Steel, Canada for exploration and development of Open Web Steel Joists (OWSJ) business. First Published: May 13 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: May 13 2026 | 6:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Max Estates has launched The Terraces, its newest residential offering within Estate 361 in Sector 36A, Dwarka Expressway, Gurugram. Designed for people who want more from home than just private square footage. The Terraces brings together smart residences, shared terraces, wellness, nature and managed living within one integrated community. The Terraces offers 1.5 & 2-bedroom smart homes and duplex loft residences. The project has a gross development value of Rs 1,200 crore and is part of Estate 361, which has an overall GDV of Rs 9,000 crore spanning 18.23 acres. Phase 1 of The Terraces comprises 120 residences starting at Rs 2.4 crore. First Published: May 13 2026 | 6:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 13 2026 | 2:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 13 2026 | 2:17 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: May 13 2026 | 2:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cipla Q4 results First Published: May 13 2026 | 1:57 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Biocon stock traded near its 52-week high, up 10% in 3 days. First Published: May 13 2026 | 1:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The drug major's consolidated net profit stood at Rs 554.64 crore in Q4 FY26, down 54.61% from Rs 1,221.84 crore in Q4 FY25 and fell 17.93% from Rs 675.80 crore in Q3 FY26. EBITDA fell 35.18% YoY to Rs 997 crore in Q4 FY26. EBITDA margin stood at 15.2% in Q4 FY26 lower than 22.8% in Q4 FY25. Profit before tax stood at Rs 707.06 crore in Q4 FY26, down 53% from Rs 1,504.30 crore in Q4 FY25 and declined 20.83% from Rs 893.11 crore in Q3 FY26. On the cost front, total expenditure increased 8.48% YoY to Rs 5,982.30 crore in Q4 FY26 from Rs 5,514.85 crore in Q4 FY25. Raw material cost declined 1.13% YoY to Rs 1,382.15 crore from Rs 1,397.94 crore. However, employee expenses rose 14.69% to Rs 1,414.25 crore from Rs 1,233.10 crore. Interest cost declined 6.35% YoY to Rs 13.13 crore from Rs 14.02 crore, while depreciation expense increased 24.03% to Rs 382.92 crore from Rs 308.73 crore. The company recognised an exceptional charge of around Rs 275.91 crore in Q3 FY26 towards higher gratuity and leave liabilities arising from the implementation of the new Labour Codes notified by the Government of India. The impact was primarily due to changes in the definition of wages for employees and contract labour. India business revenue grew 15% YoY to Rs 3,007 crore in Q4 FY26, supported by double-digit growth across branded prescription, trade generics and consumer health businesses. North America revenue declined 26% YoY to Rs 1,414 crore during the quarter, while One Africa revenue rose 21% to Rs 1,236 crore. Emerging Markets and Europe revenue fell 9% to Rs 819 crore. R&D investments stood at Rs 509 crore during the quarter, representing 7.8% of sales. The company reported a strong net cash position of Rs 10,526 crore as of Q4 FY26. For FY26, revenue from operations rose 2.09% YoY to Rs 27,711.69 crore from Rs 27,145.40 crore in FY25. Profit before tax declined 23.42% to Rs 5,223.63 crore from Rs 6,820.81 crore, while profit after tax fell 26.43% to Rs 3,879.23 crore from Rs 5,272.52 crore. EBITDA fell 16.88% YoY to Rs 5,925 crore in Q4 FY26. EBITDA margin stood at 21% in Q4 FY26 lower than 25.9% in Q4 FY25. Net cash from operating activities declined to Rs 3,940.02 crore in FY26 from Rs 5,004.98 crore in FY25. The board recommended a final dividend of Rs 13 per equity share of face value Rs 2 each for FY26. The record date for the dividend is 5 June 2026. Achin Gupta, MD and global CEO of Cipla, said the company recorded its highest-ever annual revenue of Rs 28,163 crore in FY26 despite near-term challenges in certain markets. He added that the India business crossed the Rs 12,500 crore annual revenue milestone, while the company remains focused on expanding key markets, strengthening flagship brands and investing in future product pipelines. Cipla is a global pharmaceutical company with operations across India, South Africa, North America and other regulated and emerging markets. The company focuses on complex generics and therapies including respiratory, anti-retroviral, urology, cardiology, anti-infective and CNS segments. Cipla operates 46 manufacturing facilities globally, producing more than 1,500 products across over 80 markets. Shares of Cipla were up 3.93% at Rs 1342.80 on the BSE. First Published: May 13 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dr Reddys Laboratories Ltd is quoting at Rs 1268.7, down 0.1% on the day as on 13:19 IST on the NSE. The stock jumped 3.99% in last one year as compared to a 4.71% slide in NIFTY and a 11.69% spurt in the Nifty Pharma index. Dr Reddys Laboratories Ltd fell for a fifth straight session today. The stock is quoting at Rs 1268.7, down 0.1% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.54% on the day, quoting at 23505.1. The Sensex is at 74897.31, up 0.45%.Dr Reddys Laboratories Ltd has gained around 4.18% in last one month.Meanwhile, Nifty Pharma index of which Dr Reddys Laboratories Ltd is a constituent, has increased around 6.93% in last one month and is currently quoting at 23840.9, up 0.63% on the day. The volume in the stock stood at 77.06 lakh shares today, compared to the daily average of 31.23 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 1269.7, up 0.13% on the day. Dr Reddys Laboratories Ltd jumped 3.99% in last one year as compared to a 4.71% slide in NIFTY and a 11.69% spurt in the Nifty Pharma index. The PE of the stock is 22.85 based on TTM earnings ending December 25. First Published: May 13 2026 | 1:51 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Consultancy Services Ltd is quoting at Rs 2278.9, down 0.93% on the day as on 13:19 IST on the NSE. The stock tumbled 35.78% in last one year as compared to a 4.71% slide in NIFTY and a 25.93% fall in the Nifty IT index. Tata Consultancy Services Ltd is down for a fifth straight session today. The stock is quoting at Rs 2278.9, down 0.93% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.54% on the day, quoting at 23505.1. The Sensex is at 74897.31, up 0.45%.Tata Consultancy Services Ltd has lost around 10.8% in last one month.Meanwhile, Nifty IT index of which Tata Consultancy Services Ltd is a constituent, has eased around 11.1% in last one month and is currently quoting at 28234.9, down 0.7% on the day. The volume in the stock stood at 18.68 lakh shares today, compared to the daily average of 38.96 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 2242.1, down 1.05% on the day. Tata Consultancy Services Ltd tumbled 35.78% in last one year as compared to a 4.71% slide in NIFTY and a 25.93% fall in the Nifty IT index. The PE of the stock is 15.94 based on TTM earnings ending March 26. First Published: May 13 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Finserv Ltd is quoting at Rs 1740.1, down 0.27% on the day as on 13:19 IST on the NSE. The stock tumbled 13.87% in last one year as compared to a 4.71% slide in NIFTY and a 3.4% fall in the Nifty Financial Services index. Bajaj Finserv Ltd fell for a fifth straight session today. The stock is quoting at Rs 1740.1, down 0.27% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.54% on the day, quoting at 23505.1. The Sensex is at 74897.31, up 0.45%.Bajaj Finserv Ltd has eased around 4.69% in last one month.Meanwhile, Nifty Financial Services index of which Bajaj Finserv Ltd is a constituent, has eased around 4.49% in last one month and is currently quoting at 25137.15, up 0.47% on the day. The volume in the stock stood at 3.96 lakh shares today, compared to the daily average of 10.67 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 1742, down 0.45% on the day. Bajaj Finserv Ltd tumbled 13.87% in last one year as compared to a 4.71% slide in NIFTY and a 3.4% fall in the Nifty Financial Services index. The PE of the stock is 194.95 based on TTM earnings ending March 26. First Published: May 13 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bajaj Finance Ltd is quoting at Rs 902.05, down 0.24% on the day as on 13:19 IST on the NSE. The stock tumbled 0.67% in last one year as compared to a 4.71% slide in NIFTY and a 3.4% fall in the Nifty Financial Services index. Bajaj Finance Ltd is down for a fifth straight session today. The stock is quoting at Rs 902.05, down 0.24% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.54% on the day, quoting at 23505.1. The Sensex is at 74897.31, up 0.45%.Bajaj Finance Ltd has lost around 1.22% in last one month.Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has eased around 4.49% in last one month and is currently quoting at 25137.15, up 0.47% on the day. The volume in the stock stood at 41.87 lakh shares today, compared to the daily average of 80.04 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 905.25, down 0.13% on the day. Bajaj Finance Ltd tumbled 0.67% in last one year as compared to a 4.71% slide in NIFTY and a 3.4% fall in the Nifty Financial Services index. The PE of the stock is 33.21 based on TTM earnings ending March 26. First Published: May 13 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 10 2026 | 5:33 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Godrej Properties is expecting to maintain its growth trajectory on strong consumer demand for homes and has set a target to achieve a 14 per cent increase in pre-sales this fiscal to ?39,000 crore, its executive chairperson Pirojsha Godrej said. In an interview with PTI, he highlighted that the company has performed very well during the last four years on key financial and operational metrics and said the company sees "no hindrance" in meeting the growth target for the current fiscal despite global uncertainties. However, Pirojsha said the company would remain "watchful" and "careful" to uncertainties caused by West Asia conflict for making any adjustment in its business plan. "We are feeling pretty good about the year ahead. Of course, we have to be a little bit careful with what happens globally. But, overall, feeling pretty good about where things stand at the moment. Demand continues to be quite strong," he said. Pirojsha noted that the Indian real estate market is witnessing consolidation of demand towards big branded players and the trend would continue going forward. When asked about the guidance for the current 2026-27 fiscal, he said the company has set a target of achieving ?39,000 crore sales bookings or pre-sales this fiscal, as against a record ?34,171 crore in 2025-26. Godrej Properties' annual sales bookings have jumped five times from ?6,725 crore in 2020-21. Pirojsha expressed confidence to meet the FY27 pre-sales target on the back of strong launch pipeline and inventories in existing projects. He pointed out that the housing demand was affected during March because of West Asia conflict but it has been normal since April. "We also saw a little bit of a drop in sales at the end of March. We had a very good March quarter, but it would have probably been even better had this not happened," he said. However, he added that, "Real estate is a sector where it's not like that if a sale get postponed, it's lost forever." Pirojsha said things have normalized since April and there is no concern from demand perspective. "March was a little bit more visible. Now it seems to have normalized. But of course, this war situation is a little unpredictable. So again, if it starts, or there are some macro-economic shocks, we will have to be kind of watchful and make sure that we are adjusting our plans accordingly. As of now, we are not seeing it as a major hindrance to delivering the plan for this fiscal year," he said. On other key metrics, Pirojsha said the company is targeting to collect ?24,000 crore from customers during this fiscal as against ?19,965 crore in 2025-26. On land acquisition, he said the target is to add projects which can generate ?20,000 crore revenue. However, he said the company would be open to acquire more land parcels if offers are lucrative. In 2025-26, Godrej Properties acquired 18 land parcels, which have a combined revenue potential of ?42,100 crore. The company buys land outright and also partners with landowners to create land bank for development of housing projects. Pirojsha said the company is not looking at raising equity funding as operating cash flow is healthy, with comfortable debt situation. Godrej Properties, one of the leading real estate developers in the country, emerged as the biggest listed realty firm in FY24 and FY25 in terms of sales bookings. It is likely to retain the position in FY26. During the full 2025-26 fiscal, the company's net profit grew to ?1,850.20 crore from ?1,399.89 crore in the preceding year. Total income rose to ?8,410.88 crore in the last fiscal from ?6,967.05 crore during 2024-25. Godrej Properties has delivered 78 million sq ft area since 2017-18 fiscal. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 10 2026 | 5:22 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
B Sairam, chairman-cum-managing director of Coal India Limited (CIL) This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The shaky ceasefire in the Iran war was tested again on Sunday when a cargo ship caught fire after being hit by an unknown projectile off Qatar's coast, and Kuwait's military reported an attack by drones, without specifying where they came from. The attacks were the latest threats to a month-old ceasefire, which the Trump administration says remains in effect. It has faced difficulties, with Iran restricting traffic through the Strait of Hormuz, a strategic waterway key to the global flow of oil, and the US imposing a blockade of Iranian ports. Washington has been awaiting Iran's response to a new proposal for a deal to end the war, reopen the strait to shipping and roll back Iran's nuclear programme. One of the main sticking points in the negotiations is the fate of Iran's stockpile of highly enriched uranium. The UN nuclear agency says Iran has more than 440 kg (970 pounds) of uranium that is enriched up to 60% purity, a short, technical step from weapons-grade levels. In an interview with Iranian state media, a spokesman for the Iranian military said that forces were on "full readiness" to protect nuclear sites where the uranium is stored. "We considered it possible that they might intend to steal it through infiltration operations or heliborne operations," Brig Gen Akrami Nia told the IRNA news agency late Saturday. He didn't offer further details. The majority of Iran's highly enriched uranium is likely still at its Isfahan nuclear complex, International Atomic Energy Agency Director-General Rafael Mariano Grossi told The Associated Press last month. The Isfahan facility was bombarded by US-Israeli airstrikes in the 12-day war last year, and faced less intense attacks in this year's war. In Sunday's naval attack, the United Kingdom Maritime Trade Operations Centre said that the strike caused a small fire on the ship, which was extinguished. The attack happened 23 nautical miles (43 km) northeast of Qatar's capital, Doha, the UKMTO said. There were no reported casualties, it said. It gave no details on the owner or origin of the ship, and there was no claim of responsibility. But there have been several attacks against ships in the Persian Gulf over the past week. On Friday, the US struck two Iranian oil tankers after it said that the vessels were trying to breach its blockade of Iran's ports. Iran's Revolutionary Guard navy on Sunday reiterated its warning that any attack on Iranian oil tankers or commercial vessels would be met with a "heavy assault" on one of the US bases in the region and enemy ships. In Kuwait, Defence Ministry spokesman Brig Gen Saud Abdulaziz Al Otaibi said that hostile drones entered Kuwait's airspace early Sunday, and that forces responded "in accordance with established procedures". There were no immediate reports of casualties. US President Donald Trump has reiterated threats to resume full-scale bombing, if Iran doesn't accept an agreement to reopen the strait and roll back its nuclear programme. Iran has mostly blocked the critical waterway for global energy since joint strikes on Feb 28 by the US and Israel launched the war, which has caused a global spike in fuel prices and rattled world markets. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 10 2026 | 4:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India’s M&A market remains resilient amid global uncertainty, with outbound acquisitions and infrastructure-led deals driving activity toward a $200-billion run rate. First Published: May 10 2026 | 4:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India’s M&A market remains resilient amid global uncertainty, with outbound acquisitions and infrastructure-led deals driving activity toward a $200-billion run rate. First Published: May 10 2026 | 4:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 10 2026 | 3:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IT firms have been tying up with these LLM makers to accelerate enterprise AI transformation and unlock AI value at scale. First Published: May 10 2026 | 2:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
About Rs 1,600-1,700 crore per day, over Rs 1 trillion in 10 weeks. That's the cost that state-owned oil firms incur for insulating Indian consumers from the global energy shock but ever-widening losses are now raising questions on how long they can continue bearing the cost without financially capitulating. Since the war broke out in the West Asia 10 weeks ago, state-owned oil marketing companies (OMCs) have ensured uninterrupted supplies of petrol, diesel and cooking gas LPG at rates that are way below cost, unlike many global energy systems that imposed rationing or passed through steep price increases. This has resulted in the three OMCs - Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) - running record high under-recoveries (the difference between cost and retail selling price), two sources with direct knowledge of the matter said. The combined under-recovery on petrol, diesel and cooking gas LPG is Rs 1,600 crore to Rs 1,700 crore daily, they said, adding total under-recovery for the 10 weeks is now well over Rs 1 trillion. Despite a 50 per cent surge in input crude oil prices, petrol and diesel continue to be priced at a two-year-old rate of Rs 94.77 a litre and Rs 87.67 per litre respectively. Domestic cooking gas LPG prices were raised in March by Rs 60 per cylinder, but they are still way lower than the actual cost. The revenues that OMCs earn from selling fuel are the only source that is used by them to buy crude oil (raw material), build infrastructure to process it into fuel and lay a network to take the product to consumers. For 10 weeks, the OMCs have managed to insulate the Indian market but now the cost is visible, sources said adding they may have to borrow more to meet the working capital requirement (buying of crude oil). "If elevated crude prices persist for an extended period, OMCs may require higher working capital borrowings and calibrated reprioritisation of some capex timelines," a source said. "However, strategic investments in refining expansion, energy security infrastructure, ethanol blending, biofuels, and transition fuels continue to remain national priorities and are expected to proceed with Government support.. Another source said the OMCs are operating under significant financial pressure. "Financially strong OMCs are critical for India's energy security, supply continuity, infrastructure expansion, and economic stability. Sustained stress on OMC balance sheets could affect future investments in refining, pipelines, strategic reserves, clean fuels, and energy transition initiatives.". To raise petrol and diesel prices is now a political call that the government will have to take, a separate source said. "There is no doubt that a fuel price hike has become inevitable, but the timing and quantum of increase have to be decided by the government.. While countries from Japan to the United Kingdom have raised petrol and diesel prices by up to 30 per cent since the start of the West Asia conflict, fuel prices in India continue at two-year-old levels. This despite the war disrupting India's import of 40 per cent of crude oil (raw material for making petrol and diesel), 90 per cent cooking gas LPG and 65 per cent natural gas (used to generate electricity, make fertiliser, turned into CNG and piped to household kitchens for cooking). While the three OMCs have worked overtime to keep the supply lines running even when demand spiked due to panic buying, the government intervention included excise duty reductions to absorb part of the fuel cost burden. The special additional excise duty on petrol was cut to Rs 3 per litre from Rs 13, while excise duty on diesel was reduced to zero from Rs 10 per litre. The government has taken a hit of Rs 14,000 crore a month in cutting the excise duty, sources said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 10 2026 | 2:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
About Rs 1,600-1,700 crore per day, over Rs 1 trillion in 10 weeks. That's the cost that state-owned oil firms incur for insulating Indian consumers from the global energy shock but ever-widening losses are now raising questions on how long they can continue bearing the cost without financially capitulating. Since the war broke out in the West Asia 10 weeks ago, state-owned oil marketing companies (OMCs) have ensured uninterrupted supplies of petrol, diesel and cooking gas LPG at rates that are way below cost, unlike many global energy systems that imposed rationing or passed through steep price increases. This has resulted in the three OMCs - Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) - running record high under-recoveries (the difference between cost and retail selling price), two sources with direct knowledge of the matter said. The combined under-recovery on petrol, diesel and cooking gas LPG is Rs 1,600 crore to Rs 1,700 crore daily, they said, adding total under-recovery for the 10 weeks is now well over Rs 1 trillion. Despite a 50 per cent surge in input crude oil prices, petrol and diesel continue to be priced at a two-year-old rate of Rs 94.77 a litre and Rs 87.67 per litre respectively. Domestic cooking gas LPG prices were raised in March by Rs 60 per cylinder, but they are still way lower than the actual cost. The revenues that OMCs earn from selling fuel are the only source that is used by them to buy crude oil (raw material), build infrastructure to process it into fuel and lay a network to take the product to consumers. For 10 weeks, the OMCs have managed to insulate the Indian market but now the cost is visible, sources said adding they may have to borrow more to meet the working capital requirement (buying of crude oil). "If elevated crude prices persist for an extended period, OMCs may require higher working capital borrowings and calibrated reprioritisation of some capex timelines," a source said. "However, strategic investments in refining expansion, energy security infrastructure, ethanol blending, biofuels, and transition fuels continue to remain national priorities and are expected to proceed with Government support.. Another source said the OMCs are operating under significant financial pressure. "Financially strong OMCs are critical for India's energy security, supply continuity, infrastructure expansion, and economic stability. Sustained stress on OMC balance sheets could affect future investments in refining, pipelines, strategic reserves, clean fuels, and energy transition initiatives.". To raise petrol and diesel prices is now a political call that the government will have to take, a separate source said. "There is no doubt that a fuel price hike has become inevitable, but the timing and quantum of increase have to be decided by the government.. While countries from Japan to the United Kingdom have raised petrol and diesel prices by up to 30 per cent since the start of the West Asia conflict, fuel prices in India continue at two-year-old levels. This despite the war disrupting India's import of 40 per cent of crude oil (raw material for making petrol and diesel), 90 per cent cooking gas LPG and 65 per cent natural gas (used to generate electricity, make fertiliser, turned into CNG and piped to household kitchens for cooking). While the three OMCs have worked overtime to keep the supply lines running even when demand spiked due to panic buying, the government intervention included excise duty reductions to absorb part of the fuel cost burden. The special additional excise duty on petrol was cut to Rs 3 per litre from Rs 13, while excise duty on diesel was reduced to zero from Rs 10 per litre. The government has taken a hit of Rs 14,000 crore a month in cutting the excise duty, sources said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 10 2026 | 2:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
About Rs 1,600-1,700 crore per day, over Rs 1 trillion in 10 weeks. That's the cost that state-owned oil firms incur for insulating Indian consumers from the global energy shock but ever-widening losses are now raising questions on how long they can continue bearing the cost without financially capitulating. Since the war broke out in the West Asia 10 weeks ago, state-owned oil marketing companies (OMCs) have ensured uninterrupted supplies of petrol, diesel and cooking gas LPG at rates that are way below cost, unlike many global energy systems that imposed rationing or passed through steep price increases. This has resulted in the three OMCs - Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) - running record high under-recoveries (the difference between cost and retail selling price), two sources with direct knowledge of the matter said. The combined under-recovery on petrol, diesel and cooking gas LPG is Rs 1,600 crore to Rs 1,700 crore daily, they said, adding total under-recovery for the 10 weeks is now well over Rs 1 trillion. Despite a 50 per cent surge in input crude oil prices, petrol and diesel continue to be priced at a two-year-old rate of Rs 94.77 a litre and Rs 87.67 per litre respectively. Domestic cooking gas LPG prices were raised in March by Rs 60 per cylinder, but they are still way lower than the actual cost. The revenues that OMCs earn from selling fuel are the only source that is used by them to buy crude oil (raw material), build infrastructure to process it into fuel and lay a network to take the product to consumers. For 10 weeks, the OMCs have managed to insulate the Indian market but now the cost is visible, sources said adding they may have to borrow more to meet the working capital requirement (buying of crude oil). "If elevated crude prices persist for an extended period, OMCs may require higher working capital borrowings and calibrated reprioritisation of some capex timelines," a source said. "However, strategic investments in refining expansion, energy security infrastructure, ethanol blending, biofuels, and transition fuels continue to remain national priorities and are expected to proceed with Government support.. Another source said the OMCs are operating under significant financial pressure. "Financially strong OMCs are critical for India's energy security, supply continuity, infrastructure expansion, and economic stability. Sustained stress on OMC balance sheets could affect future investments in refining, pipelines, strategic reserves, clean fuels, and energy transition initiatives.". To raise petrol and diesel prices is now a political call that the government will have to take, a separate source said. "There is no doubt that a fuel price hike has become inevitable, but the timing and quantum of increase have to be decided by the government.. While countries from Japan to the United Kingdom have raised petrol and diesel prices by up to 30 per cent since the start of the West Asia conflict, fuel prices in India continue at two-year-old levels. This despite the war disrupting India's import of 40 per cent of crude oil (raw material for making petrol and diesel), 90 per cent cooking gas LPG and 65 per cent natural gas (used to generate electricity, make fertiliser, turned into CNG and piped to household kitchens for cooking). While the three OMCs have worked overtime to keep the supply lines running even when demand spiked due to panic buying, the government intervention included excise duty reductions to absorb part of the fuel cost burden. The special additional excise duty on petrol was cut to Rs 3 per litre from Rs 13, while excise duty on diesel was reduced to zero from Rs 10 per litre. The government has taken a hit of Rs 14,000 crore a month in cutting the excise duty, sources said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 10 2026 | 2:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
About Rs 1,600-1,700 crore per day, over Rs 1 trillion in 10 weeks. That's the cost that state-owned oil firms incur for insulating Indian consumers from the global energy shock but ever-widening losses are now raising questions on how long they can continue bearing the cost without financially capitulating. Since the war broke out in the West Asia 10 weeks ago, state-owned oil marketing companies (OMCs) have ensured uninterrupted supplies of petrol, diesel and cooking gas LPG at rates that are way below cost, unlike many global energy systems that imposed rationing or passed through steep price increases. This has resulted in the three OMCs - Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) - running record high under-recoveries (the difference between cost and retail selling price), two sources with direct knowledge of the matter said. The combined under-recovery on petrol, diesel and cooking gas LPG is Rs 1,600 crore to Rs 1,700 crore daily, they said, adding total under-recovery for the 10 weeks is now well over Rs 1 trillion. Despite a 50 per cent surge in input crude oil prices, petrol and diesel continue to be priced at a two-year-old rate of Rs 94.77 a litre and Rs 87.67 per litre respectively. Domestic cooking gas LPG prices were raised in March by Rs 60 per cylinder, but they are still way lower than the actual cost. The revenues that OMCs earn from selling fuel are the only source that is used by them to buy crude oil (raw material), build infrastructure to process it into fuel and lay a network to take the product to consumers. For 10 weeks, the OMCs have managed to insulate the Indian market but now the cost is visible, sources said adding they may have to borrow more to meet the working capital requirement (buying of crude oil). "If elevated crude prices persist for an extended period, OMCs may require higher working capital borrowings and calibrated reprioritisation of some capex timelines," a source said. "However, strategic investments in refining expansion, energy security infrastructure, ethanol blending, biofuels, and transition fuels continue to remain national priorities and are expected to proceed with Government support.. Another source said the OMCs are operating under significant financial pressure. "Financially strong OMCs are critical for India's energy security, supply continuity, infrastructure expansion, and economic stability. Sustained stress on OMC balance sheets could affect future investments in refining, pipelines, strategic reserves, clean fuels, and energy transition initiatives.". To raise petrol and diesel prices is now a political call that the government will have to take, a separate source said. "There is no doubt that a fuel price hike has become inevitable, but the timing and quantum of increase have to be decided by the government.. While countries from Japan to the United Kingdom have raised petrol and diesel prices by up to 30 per cent since the start of the West Asia conflict, fuel prices in India continue at two-year-old levels. This despite the war disrupting India's import of 40 per cent of crude oil (raw material for making petrol and diesel), 90 per cent cooking gas LPG and 65 per cent natural gas (used to generate electricity, make fertiliser, turned into CNG and piped to household kitchens for cooking). While the three OMCs have worked overtime to keep the supply lines running even when demand spiked due to panic buying, the government intervention included excise duty reductions to absorb part of the fuel cost burden. The special additional excise duty on petrol was cut to Rs 3 per litre from Rs 13, while excise duty on diesel was reduced to zero from Rs 10 per litre. The government has taken a hit of Rs 14,000 crore a month in cutting the excise duty, sources said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 10 2026 | 2:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aramco has used its East-West Pipeline to bypass Hormuz and transport crude to the Red Sea. First Published: May 10 2026 | 2:47 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As part of its energy diversification strategy, NTPC is looking to set up 30 GW of nuclear projects in at least 14 states. Power giant NTPC will soon submit its first feasibility study for a nuclear project with the Department of Atomic Energy (DAE) and seek its nod to go ahead with the plan, sources said. The approval will pave the way for NTPC to begin work on its first standalone nuclear project in India as the PSU is keen to achieve at least 2 GW of nuclear capacity by 2032. Further, the company is in process of conducting feasibility studies in two more states and in the latest development has received a go-ahead from the Bihar government to conduct a feasibility study for a nuclear project in the state's Banka district, they said. As part of its energy diversification strategy, NTPC is looking to set up 30 GW of nuclear projects in at least 14 states with investments worth lakhs of crores to contribute to the government 's ambitious 100 GW nuclear capacity target by 2047. NTPC has completed feasibility study in one of the states, while it is in the process of undertaking feasibility studies in another two states, two sources aware of the development told PTI. "The company will be very soon submitting the completed feasibility study for the nuclear project in the state," one of the sources said requesting anonymity. He did not divulge any site-related information due to the sensitivity of the subject. As per the process, the Standing Site Selection Committee of the DAE reviews any such proposals, and if found technically feasible puts it to the Atomic Energy Commission (AEC) for further process. Another source said NTPC is nearing completion of feasibility studies for nuclear projects in two more states, and recently Energy Department of the Bihar government has given its support to the company to conduct a feasibility study for a project in the Banka district. Sources further said that a feasibility study comprises rough estimates related to investments, land and water, among other requirements. "On an average, NTPC is looking to set up at least two units of 700 megawatt each in the states being explored for nuclear projects," a source said. Industry estimates suggest that to set up a nuclear power capacity of 1 gigawatt, typically an investment of Rs 15,000-20,000 crore is required and the timeframe could be at least three years from concept to commissioning. Five litres water is needed to produce 1 unit of nuclear power. Land requirement depends on the size of the project with 1 square kilometre exclusion zone. Of various other inputs, continuous water supply is a key requirement for a nuclear project. NTPC is exploring states such as Gujarat, Andhra Pradesh, Maharashtra, Madhya Pradesh among others for its nuclear ambitions. Established in 1975 as a thermal power generator, NTPC Ltd has steadily expanded and diversified into new energy sources. According to the NTPC website, the company currently has an installed capacity of 89,805.30 MW at group-level, spanning coal, gas/liquid fuel, hydro and solar power. In the nuclear space, the company is presently setting up a nuclear project in a joint venture (JV) with Nuclear Power Corporation of India Ltd (NPCIL) in Rajasthan at an investment of about Rs 42,000 crore. While NTPC has a 49 per cent stake in ASHVINI (Anushakti Vidhyut Nigam Ltd), NPCIL has the majority shareholding of 51 per cent. Prime Minister Narendra Modi laid the foundation stone of the 4x700 MW Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) being set up by ASHVINI at Banswara in September last year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 10 2026 | 1:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brent crude oil will remain a critical macro variable for market direction. Stock markets are expected to remain sensitive to geopolitical developments this week, with investor attention firmly focused on events surrounding the ongoing USIran situation and crude oil prices, analysts said. Besides, the rupee-dollar trend and trading activity of foreign investors would influence trading in the markets, they noted. "Markets this week are expected to remain highly volatile and largely driven by geopolitical headlines, with investor attention firmly focused on developments surrounding the ongoing USIran situation," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. Brent crude oil will remain a critical macro variable for market direction, he said. "A sustained decline in crude prices below the USD 90 mark, or meaningful progress towards de-escalation, could support relief rallies across risk assets. Conversely, prolonged geopolitical uncertainty or renewed tensions may continue to weigh on sentiment and keep volatility elevated," Ponmudi added. Inflation data announcements during the week would also guide markets' movement, an expert said. Meanwhile, Canara Bank, Tata Power Company, Bharti Airtel, DLF, Hindustan Petroleum Corporation Ltd and JSW Steel would announce their quarterly earnings this week. Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, said, "Indian equities are expected to remain highly sensitive to geopolitical developments in the near term, with markets likely to trade within a broader range. Key macro events include India's April CPI inflation data, which will be closely tracked for implications on the RBI's rate outlook, alongside US April CPI and PPI prints that could materially shape Fed rate-cut expectations, bond yields and global risk sentiment." Last week, the BSE benchmark Sensex climbed 414.69 points or 0.53 per cent, and the NSE Nifty went up by 178.6 points or 0.74 per cent. "Indian equity markets witnessed a volatile and range-bound week, with sentiment remaining cautious despite intermittent recovery attempts. Early optimism driven by hopes of de-escalation in the Middle East and easing oil prices faded quickly as renewed tensions between the US and Iran resurfaced," Ponmudi of Enrich Money, said. Foreign investors continued to pare their exposure to Indian equities, withdrawing Rs 14,231 crore so far this month amid global macroeconomic uncertainties. "Looking ahead, the market's focus will continue to remain on geopolitical tensions, crude oil prices, and rupee movement. Alongside these factors, FII flows are likely to play a crucial role in determining the direction of large-cap stocks. We are also entering the final phase of the Q4 earnings season, which is expected to drive stock and sector-specific action," Santosh Meena, Head of Research at Swastika Investmart Ltd, said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 10 2026 | 12:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The combined market valuation of four of the top-10 most valued firms eroded by Rs 1 lakh crore last week, with State Bank of India taking the biggest hit, amid a range-bound trend in equities. Last week, the BSE benchmark Sensex climbed 414.69 points or 0.53 per cent, and the NSE Nifty went up by 178.6 points or 0.74 per cent. "Indian equity markets witnessed a volatile and range-bound week, with sentiment remaining cautious despite intermittent recovery attempts. Early optimism driven by hopes of de-escalation in the Middle East and easing oil prices faded quickly as renewed tensions between the US and Iran resurfaced," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. While Bharti Airtel, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro faced erosion from their valuation, Reliance Industries, HDFC Bank, ICICI Bank, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) were the gainers from the pack. Together they added Rs 46,685.21 crore in market valuation. The valuation of SBI dropped by Rs 44,722.34 crore to Rs 9,41,107.62 crore. Bharti Airtel's valuation declined by Rs 31,167.1 crore to Rs 11,18,055.03 crore. The market capitalisation (mcap) of TCS diminished by Rs 28,456.26 crore to Rs 8,66,477.69 crore and that of Larsen & Toubro edged lower by Rs 5,371.84 crore to Rs 5,46,621.21 crore. However, the market valuation of HDFC Bank jumped Rs 15,425.09 crore to Rs 12,02,699.26 crore. The mcap of Bajaj Finance surged by Rs 11,486.89 crore to Rs 5,94,610.02 crore. Hindustan Unilever added Rs 8,763.97 crore taking its valuation to Rs 5,37,562.98 crore. The mcap of Reliance Industries climbed Rs 6,563.28 crore to Rs 19,42,866.58 crore and that of LIC went up by Rs 2,751.37 crore to Rs 5,07,549.44 crore. The market valuation of ICICI Bank edged higher by Rs 1,694.61 crore to Rs 9,06,675.39 crore. Reliance Industries remained the most valued firm, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 10 2026 | 12:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The combined market valuation of four of the top-10 most valued firms eroded by Rs 1 lakh crore last week, with State Bank of India taking the biggest hit, amid a range-bound trend in equities. Last week, the BSE benchmark Sensex climbed 414.69 points or 0.53 per cent, and the NSE Nifty went up by 178.6 points or 0.74 per cent. "Indian equity markets witnessed a volatile and range-bound week, with sentiment remaining cautious despite intermittent recovery attempts. Early optimism driven by hopes of de-escalation in the Middle East and easing oil prices faded quickly as renewed tensions between the US and Iran resurfaced," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. While Bharti Airtel, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro faced erosion from their valuation, Reliance Industries, HDFC Bank, ICICI Bank, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) were the gainers from the pack. Together they added Rs 46,685.21 crore in market valuation. The valuation of SBI dropped by Rs 44,722.34 crore to Rs 9,41,107.62 crore. Bharti Airtel's valuation declined by Rs 31,167.1 crore to Rs 11,18,055.03 crore. The market capitalisation (mcap) of TCS diminished by Rs 28,456.26 crore to Rs 8,66,477.69 crore and that of Larsen & Toubro edged lower by Rs 5,371.84 crore to Rs 5,46,621.21 crore. However, the market valuation of HDFC Bank jumped Rs 15,425.09 crore to Rs 12,02,699.26 crore. The mcap of Bajaj Finance surged by Rs 11,486.89 crore to Rs 5,94,610.02 crore. Hindustan Unilever added Rs 8,763.97 crore taking its valuation to Rs 5,37,562.98 crore. The mcap of Reliance Industries climbed Rs 6,563.28 crore to Rs 19,42,866.58 crore and that of LIC went up by Rs 2,751.37 crore to Rs 5,07,549.44 crore. The market valuation of ICICI Bank edged higher by Rs 1,694.61 crore to Rs 9,06,675.39 crore. Reliance Industries remained the most valued firm, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 10 2026 | 12:27 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 10 2026 | 11:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 10 2026 | 11:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The role of Indian missions includes ensuring FTA awareness in importing country, market intelligence on new opportunities, and expediting resolution of non-tariff barriers. With India signing a series of free trade agreements with developed countries, the government is working on an FTA utilisation plan to help maximise benefits from these pacts, an official said. Since 2021, India has finalised free trade agreements (FTAs) with Mauritius, Australia, the UAE, Oman, New Zealand, the EFTA (European Free Trade Association), the European Union (EU), the UK and US. These pacts cover 38 countries whose combined global imports stand at about USD 12 trillion. The main Indian sectors that have received duty-free market access in these FTA partner countries include agriculture, textiles and apparel, gems and jewellery, leather and leather goods, engineering, electronics, chemicals, and pharmaceuticals. Commerce and Industry Minister Piyush Goyal has held a series of meetings with industry associations, businesses and export promotion councils (EPCs) on ways to increase utilisation of these agreements. He suggested that businesses leverage these pacts to boost exports and domestic manufacturing. The official added that the minister on May 4 held a review meeting with key officers and chief negotiators to asses the progress of India's free trade acts. Another meeting on May 7, was held on preparing a roadmap for obtaining sanitary and phytosanitary (related to plants and animals) approvals for Indian agricultural and fisheries products across global markets. The commerce ministry has involved Indian missions abroad in the exercise. Besides, all the line ministries are part of the process, the official said. The role of Indian missions includes ensuring FTA awareness in importing country, market intelligence on new opportunities, and expediting resolution of non-tariff barriers. Similarly, the line ministries' role includes ensuring sufficient production, alignment with global standards, and focus on trade facilitation. The whole exercise is important as the country is looking at increasing goods and services exports to USD 2 trillion in the coming years (one trillion each). The country's goods and services exports rose 4.6 per cent to an all-time high of USD 863.11 billion during 2025-26, from USD 825.26 billion in 2024-25, despite global economic uncertainties. Merchandise exports grew 0.93 per cent to USD 441.78 billion in the last fiscal year from USD 437.70 billion in 2024-25. Services exports too surged to an all-time high of USD 421.32 billion in 2025-26, compared to USD 387.55 billion a year ago, recording a growth of 8.71 per cent. Shishir Priyadarshi, President, CRF, and former Director, WTO, said Indian businesses must stop viewing FTAs merely as tariff-cutting arrangements as their real value lies in helping firms integrate into global value chains, diversify supply chains, and position themselves as trusted partners in an increasingly fragmented global economy. "The FTAs should be seen as an opportunity not just to export more, but to export smarter - through branded products, advanced manufacturing, processed goods, and higher-value services that strengthen India's long-term industrial competitiveness globally," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 10 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
State-run National Aluminium Company Ltd's exports to West Asia have been affected by geopolitical tensions in the region, according to its CMD, Brijendra Pratap Singh. West Asia accounts for 40-50 per cent of the company's alumina shipments. National Aluminium Company (Nalco) also said that a shift in export destinations due to supply disruptions in West Asia has contributed to a decline in global spot alumina prices, which have now fallen to $305-310 per tonne. Alumina is a white, granular material refined from bauxite ore, primarily used as the feedstock for producing aluminium. The Nalco Chairman and Managing Director, in the earnings conference call, said, "Our alumina export to the Middle East ... a lot of around 40 per cent, 50 per cent of our export was going to the Middle East, which has been affected. But now, from Indonesia and other places also, orders are there. Of course, that has resulted in a reduction in the spot prices." Nalco further said that smelters in West Asia are currently operating at reduced capacity and will not reach full capacity immediately. "So once these smelters of the Middle East, the production curtailment is there till they reach the fullest capacity, there will be an effect on the alumina pricing in the spot markets," the company said. The aluminium value chain has been affected by the West Asia conflict, as spot alumina prices have dropped in some regions due to oversupply, while refined aluminium prices have surged due to production shutdowns and shipping disruptions, analysts said. Nalco produced 23 lakh tonnes of alumina in 2025-26, of which 13.08 lakh tonnes were exported. Nalco reported a 16.6 per cent drop in consolidated net profit to Rs 1,722.44 crore for the quarter ended March 31, 2026, on the back of lower revenue and higher expenses. The company had posted a consolidated profit of Rs 2,067.23 crore in the year-ago period. Revenue declined to Rs 5,012.82 crore in the fourth quarter of FY26, compared to Rs 5,267.83 crore in the year-ago period. National Aluminium Company Ltd is one of India's leading integrated aluminium complexes, with operations in bauxite mining, alumina refining, aluminium smelting, power generation, and coal mining. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 10 2026 | 11:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The directive has been circulated to stakeholders as well as CDSCO's zonal and sub-zonal offices. India's drug regulator has directed manufacturers and importers to submit Periodic Safety Update Reports (PSURs) for new drugs from the date of actual marketing of the product rather than from the date of regulatory approval, in a move aimed at strengthening post-marketing safety surveillance. In an advisory issued by the Central Drugs Standard Control Organisation (CDSCO) on April 21, the regulator said it has observed instances where companies obtained approval for a new drug but launched the product in the market much later while submitting PSUR data from the approval date instead of the launch date. The CDSCO said such a practice results in the loss of "valuable safety insights" that are critical for monitoring adverse effects and ensuring patient safety after commercial roll out of medicines. Under the Fifth Schedule of the New Drugs and Clinical Trials Rules, 2019, manufacturers and importers are required to submit PSURs as part of post-marketing drug safety monitoring. "In view of the above, all manufacturers/importers are hereby directed to ensure strict compliance," the advisory stated. According to the regulator, PSUR submission timelines will now commence from the date of actual marketing of the new drug "even if approval was granted earlier". The advisory by the Drugs Controller General of India (DCGI) also said that ordinarily all dosage forms, formulations and indications for a new drug should be covered in a single PSUR to avoid duplicate submissions. However, separate presentation of safety data for different dosage forms, indications or patient populations should be included within the same report, it added. The directive has been circulated to stakeholders as well as CDSCO's zonal and sub-zonal offices. PSURs are critical documents used by regulators worldwide to assess the risk-benefit profile of medicines after they enter the market and help identify adverse drug reactions that may not have emerged during clinical trials. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 10 2026 | 10:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The index reached a market capitalisation of ?11.6 trillion, with all 25 constituents moving northward. MTAR Technologies and Apollo Micro Systems led the surge First Published: May 10 2026 | 8:27 AM IST In this article : This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 10 2026 | 7:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 10 2026 | 6:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 09 2026 | 7:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Birla Corporation reported a higher consolidated profit for the quarter ended 31 March 2026, supported by record cement sales volumes and improved operational efficiency. Revenue from operations increased 0.75% YoY to Rs 2,836.12 crore in Q4 FY26 from Rs 2,814.91 crore in the corresponding quarter last year. Revenue rose 31.38% sequentially from Rs 2,158.74 crore in Q3 FY26. Profit before tax stood at Rs 380.48 crore in Q4 FY26, up 15.93% from Rs 328.20 crore in Q4 FY25 and surged 377.27% from Rs 79.72 crore in Q3 FY26. EBITDA stood at Rs 549 crore in Q4 FY26, down 5.6% YoY from Rs 582 crore in Q4 FY25. EBITDA margin contracted to 19.1% from 20.3% a year ago. On the cost front, raw material consumed rose 0.60% YoY to Rs 396.28 crore in Q4 FY26 from Rs 393.91 crore in Q4 FY25. Employee expenses increased 0.48% to Rs 132.62 crore from Rs 131.99 crore. Interest cost declined 15.48% YoY to Rs 61.91 crore from Rs 73.25 crore, while depreciation expense fell 5.50% to Rs 134.42 crore from Rs 142.24 crore. For the cement division, sales volume increased 3.8% YoY to 5.45 million tonnes in Q4 FY26 from 5.25 million tonnes, marking the companys highest-ever quarterly cement sales volume. Capacity utilisation improved to 108% from 105%. Realisation per ton declined 2.3% YoY to Rs 4,986 from Rs 5,103, while EBITDA per ton fell 4.2% to Rs 971 from Rs 1,014. Premium cement sales rose 21% YoY by volume during the March quarter and accounted for 63% of total trade channel sales compared with 59% a year ago. Blended cement accounted for 87% of total sales against 82% in Q4 FY25 and recorded 10% YoY volume growth. Trade channel contribution improved to 79% from 73% a year ago. The company said power and fuel cost remained unchanged YoY at Rs 1,003 per ton of production during Q4 FY26. Green power consumption increased to 31% in FY26 from 25% in FY25, while trade distribution cost declined around 2% during the year. The company said cement manufacturers are attempting to raise prices to offset cost pressures, though results have remained mixed amid aggressive capacity additions across the industry. It added that geopolitical tensions in West Asia and the monsoon trajectory could influence cement demand and pricing trends in early FY27. The jute business remained under pressure due to raw material shortages and a sharp rise in raw jute prices. The division reported a cash loss of nearly Rs 12 crore in Q4 FY26 against a profit of Rs 4 crore in the year-ago quarter. Raw jute prices during the quarter surged 92% YoY and 57% sequentially. For FY26, the company's net sales rose 4.79% YoY to Rs 9,655.61 crore from Rs 9,214.49 crore in FY25. EBITDA increased 19.5% to Rs 1,571 crore from Rs 1,315 crore, while net profit surged 89.2% to Rs 558 crore from Rs 295 crore. Full-year cement sales volume rose 3.5% to 18.72 million tonnes from 18.08 million tonnes, while capacity utilisation improved to 95% from 91%. EBITDA per ton increased 15.1% YoY to Rs 786 from Rs 683. The company commissioned Kundanganj Line III during March 2026, increasing annual cement production capacity to 21.4 million tonnes from 20 million tonnes. The board recommended a dividend of Rs 12.50 per ordinary share of face value of Rs 10 each for FY26. Net cash from operating activities declined to Rs 950.44 crore in FY26 from Rs 1,669.49 crore in FY25. Birla Corporation is the flagship company of the MP Birla Group and operates in cement and jute businesses. Along with subsidiary RCCPL, the company operates 10 cement plants across eight locations in India with annual installed cement capacity of 21.4 million tonnes. Shares of Birla Corporation rose 0.93% to Rs 995.30 on 8 May 2026. First Published: May 09 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As part of the changes, Cigniti Technologies will be removed from the Nifty Microcap 250 index and replaced by Sanofi Consumer Healthcare India. The company will also be excluded from the Nifty Total Market index, with Sanofi Consumer Healthcare India set to be included in its place. In the Nifty Smallcap 500 index, Cigniti Technologies will be replaced by JSW Holdings. Meanwhile, the Nifty Total Market Momentum Quality 50 index will see Schneider Electric Infrastructure replace Cigniti Technologies. NSE Indices said the changes will come into effect from the close of trading on 14 May 2026. First Published: May 09 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 20.00% to Rs 443.71 crore For the full year,net profit declined 0.19% to Rs 104.06 crore in the year ended March 2026 as against Rs 104.26 crore during the previous year ended March 2025. Sales rose 13.14% to Rs 1565.70 crore in the year ended March 2026 as against Rs 1383.86 crore during the previous year ended March 2025. First Published: May 09 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 2.70% to Rs 48.34 crore For the full year,net profit declined 16.41% to Rs 32.61 crore in the year ended March 2026 as against Rs 39.01 crore during the previous year ended March 2025. Sales rose 6.07% to Rs 226.67 crore in the year ended March 2026 as against Rs 213.70 crore during the previous year ended March 2025. First Published: May 09 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 0.75% to Rs 2836.12 crore For the full year,net profit rose 88.87% to Rs 557.59 crore in the year ended March 2026 as against Rs 295.23 crore during the previous year ended March 2025. Sales rose 4.79% to Rs 9655.61 crore in the year ended March 2026 as against Rs 9214.49 crore during the previous year ended March 2025. First Published: May 09 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Upgraded Marriott property strengthens Brigade Hotel Ventures' South India portfolio. Located in Kakkanad adjoining Infopark Kochi, the hotel is aimed at business, MICE and leisure travellers visiting commercial hubs such as Infopark and SmartCity. The property is around 45 minutes from Cochin International Airport. The hotel features 218 rooms and suites equipped with workspaces, smart TVs and high-speed WiFi. It also offers more than 8,000 square feet of meeting and event space across four venues, along with four dining outlets, a rooftop infinity pool, fitness centre and spa. Nirupa Shankar, managing director of Brigade Hotel Ventures, said the transition to the Courtyard by Marriott brand reflects the companys strategy of upgrading hospitality assets in strong business locations to align with changing customer preferences. Kiran Andicot, senior vice president, South Asia, Marriott International, said the opening strengthens Marriotts presence in high-growth business corridors and caters to travellers seeking efficient and comfortable stay experiences. The hotel will participate in Marriott Bonvoy, the global travel programme of Marriott International. Brigade Hotel Ventures currently operates nine hotels with 1,604 keys across Bengaluru, Chennai, Kochi, Mysuru and GIFT City through partnerships with global hospitality brands including Marriott, Accor and InterContinental Hotels Group. On a consolidated basis, net profit of Brigade Hotel Ventures soared 102.47% to Rs 22.98 crore while net sales rose 1.70% to Rs 136.39 crore in Q4 March 2026 over Q4 March 2025. Shares of Brigade Hotel Ventures fell 1.94% to Rs 64.79 on 7 May 2026. First Published: May 09 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 38.37% to Rs 685.31 crore For the full year,net profit rose 148.21% to Rs 142.15 crore in the year ended March 2026 as against Rs 57.27 crore during the previous year ended March 2025. Sales rose 59.67% to Rs 2413.24 crore in the year ended March 2026 as against Rs 1511.36 crore during the previous year ended March 2025. First Published: May 09 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 26.84% to Rs 256.28 crore For the full year,net profit declined 15.13% to Rs 12.34 crore in the year ended March 2026 as against Rs 14.54 crore during the previous year ended March 2025. Sales rose 30.35% to Rs 859.13 crore in the year ended March 2026 as against Rs 659.09 crore during the previous year ended March 2025. First Published: May 09 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 15.78% to Rs 1466.51 crore For the full year,net profit rose 22.04% to Rs 304.28 crore in the year ended March 2026 as against Rs 249.33 crore during the previous year ended March 2025. Sales rose 24.20% to Rs 5728.60 crore in the year ended March 2026 as against Rs 4612.58 crore during the previous year ended March 2025. First Published: May 09 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 20.10% to Rs 442.12 crore For the full year,net profit declined 0.10% to Rs 102.95 crore in the year ended March 2026 as against Rs 103.05 crore during the previous year ended March 2025. Sales rose 13.21% to Rs 1559.02 crore in the year ended March 2026 as against Rs 1377.16 crore during the previous year ended March 2025. First Published: May 09 2026 | 5:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 19.18% to Rs 2300.09 crore For the full year,net profit rose 22.50% to Rs 1836.15 crore in the year ended March 2026 as against Rs 1498.93 crore during the previous year ended March 2025. Sales rose 23.88% to Rs 8633.86 crore in the year ended March 2026 as against Rs 6969.72 crore during the previous year ended March 2025. First Published: May 09 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total Operating Income decline 5.93% to Rs 5064.95 crore For the full year,net profit rose 31.74% to Rs 4272.64 crore in the year ended March 2026 as against Rs 3243.15 crore during the previous year ended March 2025. Total Operating Income rose 7.29% to Rs 19661.77 crore in the year ended March 2026 as against Rs 18325.50 crore during the previous year ended March 2025. First Published: May 09 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 0.29 crore in the year ended March 2026 as against net loss of Rs 0.36 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: May 09 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 14.78% to Rs 1.73 crore For the full year,net profit declined 18.93% to Rs 1.67 crore in the year ended March 2026 as against Rs 2.06 crore during the previous year ended March 2025. Sales declined 14.95% to Rs 8.36 crore in the year ended March 2026 as against Rs 9.83 crore during the previous year ended March 2025. First Published: May 09 2026 | 4:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 3.19% to Rs 116.93 crore For the full year,net profit declined 74.78% to Rs 5.54 crore in the year ended March 2026 as against Rs 21.97 crore during the previous year ended March 2025. Sales declined 14.55% to Rs 459.65 crore in the year ended March 2026 as against Rs 537.90 crore during the previous year ended March 2025. First Published: May 09 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 6.60% to Rs 61.85 crore For the full year,net profit declined 51.78% to Rs 24.76 crore in the year ended March 2026 as against Rs 51.35 crore during the previous year ended March 2025. Sales rose 15.63% to Rs 238.17 crore in the year ended March 2026 as against Rs 205.97 crore during the previous year ended March 2025. First Published: May 09 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 21.65% to Rs 203.37 crore For the full year,net profit rose 28.68% to Rs 168.72 crore in the year ended March 2026 as against Rs 131.12 crore during the previous year ended March 2025. Sales rose 17.09% to Rs 745.76 crore in the year ended March 2026 as against Rs 636.91 crore during the previous year ended March 2025. First Published: May 09 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 19.18% to Rs 8.39 crore For the full year,net profit declined 42.55% to Rs 1.35 crore in the year ended March 2026 as against Rs 2.35 crore during the previous year ended March 2025. Sales declined 15.24% to Rs 19.07 crore in the year ended March 2026 as against Rs 22.50 crore during the previous year ended March 2025. First Published: May 09 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net profit rose 3277.78% to Rs 12.16 crore in the year ended March 2026 as against Rs 0.36 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: May 09 2026 | 2:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Kalyani Steels reported a 10.51% year-on-year fall in consolidated net profit to Rs 71.77 crore on a 11% decline in revenue from operations to Rs 484.39 crore in Q4 FY26 over Q4 FY25. Total expenses fell 10.98% year-on-year to Rs 400.53 crore in Q4 FY26 from Rs 449.94 crore in Q4 FY25. During the quarter, the cost of raw materials consumed stood at Rs 253.39 crore, down 11.41% YoY, while employee benefit expenses decreased 11.48% YoY to Rs 19.73 crore. The board has recommended a dividend of Rs 10 per equity share of face value Rs 5 each, representing 200% for FY26. The board has also approved the appointment of Bantu Upendra Kumar Patro as Chief Financial Officer (CFO) of the company with effect from May 9, 2026. Kalyani Steels is a part of the Kalyani Group and is primarily engaged in the business of the manufacture and sale of iron and steel products. Shares of Kalyani Steels tanked 3.59% to end at Rs 863 on the BSE. First Published: May 09 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Investment by the Company is intended to support the overall business operations and growth of MPPL, enabling it to enhance its capabilities, scale its operations, and effectively meet its business and regulatory requirements. The infusion of funds is expected to facilitate expansion of MPPL's activities, improve operational efficiency, and support the development of its offerings in line with the evolving needs of the business and the market needs. First Published: May 09 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For captive consumption of renewable energy The objective of the transaction is to support the Company's sustainability goals by advancing its long-term carbon neutrality and net zero targets, while improving energy cost efficiency through increased use of renewable energy. The transaction is intended to enhance the Company's renewable energy footprint at its offices in Karnataka through captive power consumption. First Published: May 09 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bombay Dyeing & Manufacturing Company reported an 82.3% YoY surge in consolidated net profit to Rs 21.04 crore in Q4 FY26, compared with Rs 11.54 crore in Q4 FY25. Revenue from operations increased 10.3% year-on-year to Rs 395.84 crore for the quarter ended 31 March 2026. Total expenses declined 11.17% year-on-year to Rs 362.43 crore during the quarter. The cost of raw materials fell 26.78% to Rs 204.10 crore, while employee benefit expenses surged 451.07% YoY to Rs 48.99 crore. On a segmental basis, polyester revenue stood at Rs 367.05 crore (up 11.45% YoY), while the real estate business stood at Rs 18.70 crore (down 8.65% YoY) and revenue from the retail / textile segment stood at Rs 6.84 crore (down 25.65% YoY) during the period under review. On a full-year basis, the companys consolidated net profit tanked 94.5% to Rs 26.92 crore on a 9% decline in net sales to Rs 1,460.33 crore in FY26 over FY25. Bombay Dyeing & Manufacturing Company is currently engaged in the business of real estate development, polyester staple fiber, and retail (textiles). The scrip shed 0.26% to end at Rs 135.60 on Friday, 8 May 2026. First Published: May 09 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sebi noted that the determination of what constitutes a bona fide purpose is not exhaustively defined and must be assessed on a case-by-case basis First Published: May 09 2026 | 9:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty50 and the Sensex ended lower as renewed tensions between the US and Iran dampened investor sentiment First Published: May 09 2026 | 9:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rain Industries has reported a consolidated net profit of Rs 157.86 crore in Q1 2026 as against a net loss of Rs 115.10 crore recorded in Q1 2025. Adjusted EBITDA rose sharply by 64.65% to Rs 714.9 crore in Q1 2026 from Rs 434.2 crore recorded in Q1 2025. Adjusted EBITDA margin in Q3 2025 was 14.5% as against 7.4% in Q3 2024. The company posted a pre-tax profit of Rs 255.78 crore in Q1 2026 as compared with a pre-tax loss of Rs 25.95 crore recorded in Q1 2025. In its latest business outlook, Rain Industries said it is focusing on strengthening its business model across the Carbon, Advanced Materials, and Cement segments. The company continues to work on developing alternative raw material sources to improve capacity utilization and mitigate supply disruptions in the Middle East. It is also leveraging its in-house expertise in distillation and calcination to develop raw materials for emerging markets in BAM and ESM, while actively monitoring debt markets to optimize interest costs. Rain Industries is the holding company with subsidiaries engaged in the manufacturing of cement, calcined petroleum coke (CPC), coal tar pitch (CTP), and downstream products, including resins, modifiers, and superplasticizers. The scrip advanced 6.80% to end at Rs 143.65 on Friday, 8 May 2026. First Published: May 09 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 27.81% to Rs 5.79 crore For the full year,net profit declined 3.74% to Rs 6.95 crore in the year ended March 2026 as against Rs 7.22 crore during the previous year ended March 2025. Sales declined 31.59% to Rs 20.70 crore in the year ended March 2026 as against Rs 30.26 crore during the previous year ended March 2025. First Published: May 09 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 125.67% to Rs 334.02 crore For the full year,net profit rose 7.26% to Rs 53.93 crore in the year ended March 2026 as against Rs 50.28 crore during the previous year ended March 2025. Sales rose 102.06% to Rs 1113.17 crore in the year ended March 2026 as against Rs 550.91 crore during the previous year ended March 2025. First Published: May 09 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 4.41% to Rs 279.67 crore For the full year,net profit rose 17.72% to Rs 53.21 crore in the year ended March 2026 as against Rs 45.20 crore during the previous year ended March 2025. Sales rose 9.35% to Rs 1066.66 crore in the year ended March 2026 as against Rs 975.48 crore during the previous year ended March 2025. First Published: May 09 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 21.29% to Rs 166.36 crore For the full year,net profit declined 75.58% to Rs 11.17 crore in the year ended March 2026 as against Rs 45.75 crore during the previous year ended March 2025. Sales rose 31.67% to Rs 619.95 crore in the year ended March 2026 as against Rs 470.85 crore during the previous year ended March 2025. First Published: May 09 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 205.13% to Rs 888.94 crore For the full year,net profit rose 137.76% to Rs 1331.55 crore in the year ended March 2026 as against Rs 560.04 crore during the previous year ended March 2025. Sales rose 106.89% to Rs 2302.00 crore in the year ended March 2026 as against Rs 1112.66 crore during the previous year ended March 2025. First Published: May 09 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 6.12% to Rs 2546.90 crore For the full year,net loss reported to Rs 792.10 crore in the year ended March 2026 as against net loss of Rs 299.80 crore during the previous year ended March 2025. Sales declined 13.49% to Rs 9160.50 crore in the year ended March 2026 as against Rs 10589.10 crore during the previous year ended March 2025. First Published: May 09 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 6.00% to Rs 175.78 crore For the full year,net profit rose 39.88% to Rs 35.46 crore in the year ended March 2026 as against Rs 25.35 crore during the previous year ended March 2025. Sales declined 4.46% to Rs 693.36 crore in the year ended March 2026 as against Rs 725.76 crore during the previous year ended March 2025. First Published: May 09 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Diffusion Engineers rose 1% to Rs 318.70 after the company received a domestic order worth approximately Rs 10.63 crore for the supply of roller assemblies and retrofitting of shafts. The company clarified that neither the promoter nor the promoter group or group companies have any interest in the entity awarding the contract. It further stated that the transaction does not fall under related party transactions. Diffusion Engineers are engaged in the business of manufacturing welding consumables, wear plates, wear parts, and heavy engineering machinery for core industries. The companys consolidated net profit surged 70.8% to Rs 12.06 crore on a 27.3% jump in net sales to Rs 100.82 crore in Q4 FY26 over Q4 FY25. First Published: May 08 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sonata Software rallied 6.81% to Rs 289.50 after the company reported 25.05% jump in consolidated net profit to Rs 130.50 crore despite a 17.67% decline in revenue from operations to Rs 2536.19 crore in Q4 FY26 over Q3 FY26. Profit before tax (PBT) climbed stood at Rs 170.17 crore in Q4 FY26, up 20.87% QoQ and up 12.88% YoY. EBITDA stood at Rs 208.7 crore, registering the growth of 4.2% QoQ. Revenue from domestic product & services stood at Rs 1,759.2 crore, down 25% QoQ. In International IT Services segment, revenues for Q4 FY26 stood at Rs 779.2 crore, up 5.5% QoQ. In USD terms, revenue stood at $82.4 million and remained largely flat sequentially. However, in constant currency (CC), revenue witnessed a 0.6% QoQ growth. On annual basis, the companys consolidated net profit rose 9.35% to Rs 464.39 crore on 5.36% increase in revenue from operations to Rs 10,701.24 crore in FY26 oer FY25. Rajsekhar Datta Roy, CEO-designate of Sonata Software said: We won 2 large deals in Q426 and remain confident on Sonatas growth momentum, by becoming the strategic partners to our clients to enable the AI modernization journey. We will continue to invest in AI capabilities and partnerships, to further accelerate our pivot to AI. Sujit Mohanty, MD & CEO of Sonata Information Technology, said: This quarter, we achieved strong performance in our core cloud platform offerings. We successfully acquired new clients for our cloud services and data protection solutions business areas. We realized YoY growth from key accounts. Meanwhile, the companys board recommended final dividend of Rs 4.15 per equity share on a face value Re 1 for the financial year ended 31st March, 2026. Sonata Software is primarily engaged in the business of providing Information Technology (IT) Services and Solutions to its various customers in the United States of America, Europe, Middle East, Australia and India. First Published: May 08 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Pidilite Industries gained 3.18% to Rs 1497.35 after the company's standalone net profit jumped 22.8% to Rs 547.39 crore on 15.22% increase in revenue from operations to Rs 3,284.80 crore in Q4 FY26 over Q4 FY25. Profit before tax (PBT) rose 25.07% YoY to Rs 732.21 crore in Q4 March 2026. EBITDA stood at Rs 766 crore in Q4 FY26, registering the growth of 31.1% compared with Rs 5484 crore in Q4 FY25. EBITDA margin expanded to 23.4% in Q4 FY26 as against 20.6% in Q4 FY25. in Q4 FY26, revenue from consumer & Bazaar segment grew 15.9% YoY with UVG stood at 15.4%. Revenue from Business to Business (B2B) segment jumped 9.3% YoY to Rs 752 crore during the quarter with UVG of 14.8%. On consolidated basis, the companys net profit jumped 37.16% to Rs 579.27 crore on 14.08% increase in revenue from operations to Rs 3,583.38 crore in Q4 FY26 over Q4 FY25. On annual basis, the companys consolidated net profit climbed 17.95% to Rs 2448.92 crore on 11.11% rise in revenue from operations to Rs 14,600.83 crore in FY26 over FY25. Sudhanshu Vats, managing director, Pidilite Industries, said, We have delivered strong mid-teens UVG and Revenue growth with robust expansion in margins, underscoring the strength of our brands and business model. Consumer & Bazaar segment continued to accelerate, while Business-to-Business segment made steady progress despite external challenges. Looking ahead, we are confident of our disciplined execution as we navigate the current supply side environment. We expect the momentum in domestic demand to continue as we manage the potential impact on input costs in the year ahead. Meanwhile, the companys board recommended a dividend of Rs. 11.50 per equity share of Re 1 each for the financial year ended 31st March, 2026. Pidilite Industries is a leading manufacturer of adhesives and sealants, construction chemicals, craftsmen products, DIY (Do-It-Yourself) products and polymer emulsions in India. The companys major brands include M-Seal, Fevikwik, Fevistik, RoU, Dr. Fixit, Araldite and Fevicryl. First Published: May 08 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Britannia Industries' consolidated net profit increased 21.14% to Rs 678.34 crore on 6.46% jump in total revenue from operations to Rs 4,718.82 crore in Q4 FY26 over Q4 FY25. Profit before tax (PBT) rose 4.41% year on year to Rs 785.11 crore in Q4 FY26. Total expenses increased 6.18% to Rs 3,969.96 crore in Q4 FY26, compared with Rs 3,738.63 crore in Q4 FY25. The Cost of material consumed stood at Rs 2,489.01 crore (up 2.02% YoY), employee benefit expenses were at Rs 186.13 crore (up 13.14% YoY), and finance cost stood at Rs 18.68 crore (down 39.05% YoY) during the period. For the year ended 31st March 2026, the net profit stood at Rs 2,537 crore, growing 16.5%, while consolidated sales stood at Rs 18,858 crore, registering a growth of 7.5% over the same period last year. Rakshit Hargave, Managing Director & Chief Executive Officer, said: The Business witnessed a steady start to the quarter, with growth of 9% in the first two months, before moderating to a lower number in March, primarily on account of supply disruptions in the International Business following the West Asia conflict. Over the year, we made significant strides in scaling our presence in the rapidly growing e-commerce channel, now contributing ~6% to the Domestic business, driven by e-commerce-first launches and a premium mix of offerings. Adjacent categories, including Croissant and Wafers, continued their strong momentum, while flagship brands such as Little Hearts and Jim Jam recorded robust double-digit growth. Recent innovations, including 50-50 Dipped and Doodh Marie Gold, have been well received and are gaining strong consumer traction As we step into the new financial year, we have already initiated steps to mitigate any potential implication on the business, including input cost inflation, arising out of the ongoing conflict, and remain watchful of the evolving developments. Going forward, we will continue to focus on driving growth across core and adjacent categories through a robust pipeline of innovations, agile execution and higher investment in advertising & brands The company has recommended a final dividend of Rs 90.50 per equity share of face value Re 1 each for the financial year ended 31st March 2026. Britannia Industries (BIL) is one of India's leading FMCG companies. The company's principal activity is the manufacture and sale of biscuits, bread, rusk, cakes and dairy products. Shares of Britannia Industries fell 4.36% to Rs 5,557.45 on the BSE. First Published: May 08 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dabur India shares rally after earnings; what analysts are saying now First Published: May 08 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The rupee depreciated 45 paise to 94.67 against the US dollar in early trade on Friday, as Brent crude prices rose back to $101.00 per barrel after US and Iranian forces exchanged fire near the Strait of Hormuz. Forex traders said investor sentiments were affected after Iran accused the US of violating the ceasefire as the US carried out retaliatory strikes with new attacks, which took place in the Strait of Hormuz and civilian areas, while President Donald Trump said the ceasefire was still in effect. Brent oil prices, which had fallen to $98 per barrel amid the US-Iran peace deal, edged higher to $101 per barrel as investors weighed the prospects for a Middle East peace deal. At the interbank foreign exchange market, the rupee opened at 94.58 against the US dollar, then lost momentum and touched 94.67 against the American currency, registering a fall of 45 paise over its previous close. On Thursday, the rupee pared initial losses and settled the day on a positive note, up 27 paise at 94.22 against the greenback. "Brent oil prices moved higher by more than 2 per cent in Asian trade on Friday after US and Iranian forces exchanged fire near the Strait of Hormuz despite President Trump insisting that the month-old ceasefire remained in effect," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. Bhansali further added that the rise in oil prices took USD/INR higher towards 94.43 this morning in Asian trading, and the dollar index also moved higher towards 98.22 while Asian currencies were a tad weaker. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.20, up 0.14 per cent. Brent crude, the global oil benchmark, was trading higher by 1.08 per cent at $101.14 per barrel in futures trade. On the domestic equity market front, Sensex declined 353.50 points to 77,491.02 in early trade, while the Nifty dropped 109.25 points to 24,225.20. Foreign Institutional Investors offloaded equities worth ?340.89 crore on Thursday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 08 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shakti Pumps India slumped 7.02% to Rs 553.55 after the company's consolidated net profit declined 65.2% to Rs 38.33 crore in Q4 FY26 as against Rs 110.23 crore posted in Q4 FY25. Profit before tax fell 55.9% YoY to Rs 66.21 crore during the quarter. EBITDA stood at Rs 83.2 crore in the March 2026 quarter, down 49.24%, compared with Rs 163.9 crore in Q4 FY25. EBITDA margin declined to 9.7% in Q4 FY26 as against 24.6% in Q4 FY25. On a full-year basis, the company's consolidated net profit declined 36.9% to Rs 257.58 crore despite a 7.2% rise in net sales to Rs 2,697.61 crore in FY26 over FY25. Meanwhile, the companys board has recommended a final dividend of Re 1 per equity share of face value Rs 10 each (10%) for FY26, subject to shareholders approval at the ensuing annual general meeting (AGM). Further, the company approved the re-appointment of Dinesh Patidar as chairman & whole-time director for a further term of three years with effect from 7 May 2026, subject to shareholders approval at the ensuing AGM. The board also approved the reappointment of Ramesh Patidar as managing director for a further term of three years with effect from 7 May 2026, subject to shareholders approval at the ensuing AGM. Shakti Pumps (India) is engaged in the manufacturing and sale of pumps, motors, VFDs, inverters, and related spare parts. Its core products include engineered pumps, industrial pumps and solar pumps. First Published: May 08 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 08 2026 | 10:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
OnEMI Technology (Kissht) IPO listing First Published: May 08 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
L&T Energy Hydrocarbon Onshore continued the momentum from its recent large order win, by securing another EPC order (significant) from Bharat Coal Gasification and Chemicals (BCGCL), a joint venture of Coal India (CIL) and Bharat Heavy Electricals (BHEL), for a Coal-to-Ammonium-Nitrate project in Odisha. According to the company's project classification, the order is valued in the range of Rs 1,000 crore to Rs 2,500 crore. The order (Lump Sum Turnkey Package-3) strengthens L&T's position in clean syngas-based ammonia synthesis, a critical building block in the coal-to-chemicals value chain. The Ammonia Plant will play a pivotal role in enabling the downstream manufacture of nitric acid and ammonium nitrate, ensuring operational efficiency, process reliability and seamless integration across the plant. Leveraging its deep domain expertise in fertilisers, gas processing and chemical EPC, L&T Onshore will deliver an Ammonia Synthesis Unit designed for sustained operations, high on stream factors, and stringent safety standards, aligned with evolving industry benchmarks. The scope of work includes the process licence, basic design, detailed engineering, procurement and construction, covering mechanical completion, pre-commissioning, commissioning, sustained load and performance guarantee test runs, overall project management and final handover of the Ammonia Synthesis Unit and its associated facilities on LSTK basis with single-point responsibility. First Published: May 08 2026 | 10:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 08 2026 | 9:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 08 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 07 May 2026 The board has approved the appointment of Arun Chopra as the Chief Financial Officer, designated as the Key Managerial Personnel and Senior Management Personnel with effect from 08 May 08 2026. Further, the board has took note of the elevation of existing senior management personnels, to non-board positions, Purushottam Kejriwal as Director-Project Finance and Ankit Verma as Director-Corporate Finance & Investor Relations. First Published: May 08 2026 | 9:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 2.95% to Rs 945.34 crore For the full year,net profit rose 13.69% to Rs 135.05 crore in the year ended March 2026 as against Rs 118.79 crore during the previous year ended March 2025. Sales rose 11.23% to Rs 3817.50 crore in the year ended March 2026 as against Rs 3432.21 crore during the previous year ended March 2025. First Published: May 08 2026 | 9:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 41.72% to Rs 9.82 crore For the full year,net profit rose 88.73% to Rs 3.85 crore in the year ended March 2026 as against Rs 2.04 crore during the previous year ended March 2025. Sales declined 22.82% to Rs 43.76 crore in the year ended March 2026 as against Rs 56.70 crore during the previous year ended March 2025. First Published: May 08 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 1225.00% to Rs 6.36 crore For the full year,net profit reported to Rs 0.39 crore in the year ended March 2026 as against net loss of Rs 0.67 crore during the previous year ended March 2025. Sales rose 1462.13% to Rs 115.91 crore in the year ended March 2026 as against Rs 7.42 crore during the previous year ended March 2025. First Published: May 08 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 52.37% to Rs 6.32 crore For the full year,net profit rose 130.27% to Rs 22.06 crore in the year ended March 2026 as against Rs 9.58 crore during the previous year ended March 2025. Sales rose 74.07% to Rs 56.73 crore in the year ended March 2026 as against Rs 32.59 crore during the previous year ended March 2025. First Published: May 08 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 3.75% to Rs 1130.90 crore For the full year,net profit declined 25.04% to Rs 239.02 crore in the year ended March 2026 as against Rs 318.85 crore during the previous year ended March 2025. Sales declined 3.66% to Rs 4408.21 crore in the year ended March 2026 as against Rs 4575.62 crore during the previous year ended March 2025. First Published: May 08 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 21.73% to Rs 1452.82 crore For the full year,net profit rose 236.42% to Rs 470.42 crore in the year ended March 2026 as against Rs 139.83 crore during the previous year ended March 2025. Sales rose 40.28% to Rs 4802.25 crore in the year ended March 2026 as against Rs 3423.45 crore during the previous year ended March 2025. First Published: May 08 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 57.48% to Rs 631.81 crore For the full year,net profit rose 57.29% to Rs 181.40 crore in the year ended March 2026 as against Rs 115.33 crore during the previous year ended March 2025. Sales rose 59.43% to Rs 1497.09 crore in the year ended March 2026 as against Rs 939.05 crore during the previous year ended March 2025. First Published: May 08 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India’s equity ownership structure shows a shift in the past 12 quarters, with domestic institution investors increasing share while foreign institution ownership continuing to decline. First Published: May 07 2026 | 8:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Newgen Software Technologies said its wholly owned subsidiary, Newgen Software Technologies (UK), has executed a statement of work (SOW) with a UK-based overseas customer for software licenses, cloud services, and implementation services. Under the agreement, the company will provide Newgens Enterprise Content Management platform across the customers organization, including cloud-based software licenses, implementation, and migration services. The contract is scheduled to be executed over a period of 3.5 years. The name of the customer has not been disclosed due to confidentiality reasons. The company added that the promoter/promoter group has no interest in the entity awarding the contract. Newgen Software Technologies is a global software company and is engaged in the business of software product development, including designing and delivering end-to-end software solutions covering the entire spectrum of software services from workflow automation to document management to imaging. The companys consolidated net profit declined 1.88% while revenue from operations increased 5.3% in Q4 FY26. Shares of Newgen Software Technologies rose 0.88% to close at Rs 493.70 on the BSE. First Published: May 07 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 07 2026 | 8:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices rose about $1 in early trade on Thursday, rebounding from the previous day's sharp losses, as investors weighed the prospects of a Middle East peace deal succeeding. Brent crude futures were up 88 cents, or 0.9 per cent, at $102.15 a barrel by 0032 GMT. US West Texas Intermediate gained $1.12, or 1.2 per cent, to $96.20 ?a barrel. Both benchmarks slumped more than 7 per cent on Wednesday, hitting two-week lows on optimism over a possible end to the West Asia war. They pared losses, however, after US President Donald Trump said it was "too soon" for face-to-face talks with Tehran and a senior Iranian lawmaker said the US proposal was more of a wish list than a reality. "While peace negotiations are likely to continue at least until next week's US-China summit, the outlook beyond that remains uncertain," said Hiroyuki Kikukawa, chief strategist of Nissan Securities Investment, a unit of Nissan Securities. Trump and Chinese President Xi Jinping are scheduled to meet next week. "The main scenario is that oil prices ?will remain elevated," Kikukawa said. Iran said on Wednesday it was reviewing a US peace proposal that sources said would formally end the war while leaving unresolved the key US demands that Iran suspend its nuclear program and reopen the Strait of Hormuz. An Iranian foreign ministry spokesperson cited by Iran's ISNA news agency said Tehran would convey its response. Trump said he believed Iran wanted an agreement. A Pakistan mediation source and another person briefed on the talks said an agreement was close on a one-page memorandum that would formally end the conflict. US media outlet Axios reported that the US expects Iranian ?responses on several key points in the next 48 hours, citing sources saying this is the closest the parties had come to an agreement since the war began. Even if a peace deal ?is reached, oil supplies are expected to tighten further in coming weeks because it will take weeks for oil ?shipments to resume from the West Asia Gulf and reach refiners worldwide - so oil companies will continue to deplete storage tanks to meet peak summer demand. US crude and fuel inventories continued to ?decline last week as countries sought to offset supply disruptions caused by the Iran crisis, the Energy Information Administration said on Wednesday. [EIA/S] Crude stocks fell by 2.3 million barrels to 457.2 million barrels ?last week, compared with analyst expectations in a Reuters poll for a 3.3 million-barrel draw. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 07 2026 | 8:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 07 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last year, Prada triggered widespread backlash when near-identical sandals appeared on a Milan runway without an explicit nod to their origin First Published: May 07 2026 | 7:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE: the Nifty50 and the Sensex may open on a muted note on Thursday First Published: May 07 2026 | 7:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
MSCI's ?broadest index of Asia-Pacific shares outside Japan was up 1 per cent, hitting another all-time high | REUTERS Asian stocks soared to record highs on Thursday while the US dollar slipped and oil nursed steep losses as traders embraced the prospect of a peace deal in the West Asia, although the fate of the critical Strait of Hormuz remains unresolved. Japan's Nikkei returned from a long holiday to cross 62,000 for the first time, catching up on a blistering AI-led rally after robust earnings that has also catapulted South Korean and Taiwan stocks to records. MSCI's ?broadest index of Asia-Pacific shares outside Japan was up 1 per cent, hitting another all-time high. The index is up 7 per cent so far this week. Kyle Rodda, senior financial analyst at Capital.com, said the market moves on Thursday were justified as a deal would be a breakthrough. "But we've seen this story before, and the rug could get pulled out of the market pretty quickly too. Ultimately, if we keep seeing progress in talks, Asian markets will keep rallying." Iran said it was reviewing a peace proposal that sources said would formally end the war while leaving unresolved the key US demands that Iran suspend its nuclear program and reopen the Strait of Hormuz, whose closure has sent oil prices surging. A potential deal to end the war, which started at the end of February, sent oil prices sliding nearly 8 per cent on Wednesday. Brent crude was a touch higher at $102.11 a barrel in early Asian hours on Thursday. Still, oil prices are around 40 per cent higher than they were when ?the conflict began, while 10-year Treasury yields are around 40 bps higher, underscoring the challenge facing the global economy from higher energy prices and pricing pressures. "Even if the strait reopens in coming weeks, oil is likely to stay elevated and slow to ease given damage to energy infrastructure and precautionary stockpiling," said OCBC analysts in a note. Federal Reserve officials said the war is raising the risk of a sustained inflation shock, with continued high oil prices and developing concerns about problems with global supply chains. YEN STAYS IN SPOTLIGHT In currency markets, the euro held on to its overnight gains of around 0.5 per cent and last fetched $1.1747. Sterling was at $1.3591 after rising 0.4 per cent on Wednesday. The dollar index, which measures the US currency against six units, was at 98.032. The yen remains in the spotlight after bouts of surges ??in the past few sessions triggered speculation that Tokyo may be ?stepping in to support the battered currency. It was last at 156.29 per dollar, little changed on the day, having hit a 10-week high of 155 in the previous session in a sudden jump. OCBC analysts said the key question is whether the Ministry of Finance will continue to defend the yen ?or has already deployed sufficient firepower. "Intervention alone is unlikely to shift the broader trend unless backed by stronger policy support like a more assertive BOJ ?hiking cycle or better alignment with external drivers such as lower oil prices and US yields," they said in a note, maintaining their year-end target of 155. The rocketing oil prices whacked global markets in March but a fragile ceasefire and the prospect of a deal spurred ?a risk-on rally since April that has been fuelled further by strong earnings reports from technology companies. Overnight, the S&P 500 and the Nasdaq surged to record-high closes on earnings. S&P 500 companies are on track for their strongest profit growth in more than four years. Investors were awaiting ?the non-farm payrolls report on Friday, with US jobs seen increasing by 62,000 in April after rebounding 178,000 in March, according to a Reuters survey of economists. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 07 2026 | 7:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
France's aircraft carrier strike group is moving south of the Suez Canal and into the Red Sea in preparation for a potential French-British mission in the Strait of Hormuz, French President Emmanuel Macron said Wednesday. The deployment puts Europe's most powerful warship closer to the strait whose effective closure has come to epitomise the war in Iran, stranding hundreds of ships and triggering what the International Energy Agency calls the largest supply disruption in the history of the global oil market. The defensive effort is distinct from the US "Project Freedom" that launched Monday and was paused by President Donald Trump on Tuesday evening. The repositioning of the nuclear-powered Charles de Gaulle and its escorts comes as part of a proposed mission championed by France and Britain to restore maritime security in the Strait of Hormuz as soon as conditions allow. It "may help restore confidence among shipowners and insurers," Macron said on X. "It remains distinct from the parties at war." Macron, who spoke with Iranian President Masoud Pezeshkian on Wednesday, said he also intends to raise the matter with Trump. "A return to calm in the Strait will help advance negotiations on nuclear issues, ballistic matters, and the regional situation," Macron wrote. "Europeans will play their part." Col. Guillaume Vernet, spokesperson for the French armed forces chief of staff, stressed that the Hormuz coalition - drawn up by France, Britain and more than 50 nations - will not begin operating until two thresholds are cleared: The threat to shipping must come down, and the maritime industry must be reassured enough to use the strait. Even then, he told The Associated Press, any operation would require the agreement of neighbouring countries. That would include Iran, which borders the strait and effectively closed it by attacking and threatening ships after the war began on February 28 with attacks by the US and Israel. Vernet did not specify when the carrier would reach its destination. He said the carrier was being positioned to be close enough to act if and when the conditions are met: "The French position is the same since the beginning - defensive posture, respecting international law." War-risk insurance premiums for transits of the strait have risen four to five times above preconflict levels, according to industry estimates. For now, insurance premiums are so high that "not a single ship will jeopardise their trip or go there," Vernet said. Washington has not been part of the French-British planning, which observers have said echoes the European "coalition of the willing" that Macron and British Prime Minister Keir Starmer assembled to support Ukraine. "We want to send the message that not only are we ready to secure the Strait of Hormuz, but that we are also capable of doing so," a French top official said, speaking anonymously in line with the French presidency's customary practices. Early in the war, France sought a multinational initiative to reestablish freedom of navigation in the strait. Macron and Starmer hosted dozens of countries at a Paris summit on April 17, and military planners from more than 30 nations later finalised operational details. The Charles de Gaulle had been ordered from the Baltic to the eastern Mediterranean soon after the war began in what the French presidency described as an "unprecedented" mobilisation that also includes eight frigates and two Mistral-class amphibious assault ships. Meanwhile, French Rafale fighters based at Al Dhafra airbase in the United Arab Emirates have been intercepting Iranian drones and missiles over the Gulf state since the war began under a long-standing defence pact with Abu Dhabi that puts some 900 French personnel on the Gulf's southern shore. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 07 2026 | 7:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 07 2026 | 7:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
From Maharashtra State Electricity Distribution Company First Published: May 06 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Baila Lump (65.5%, 10-40 mm) Rs 5,500/- Per Ton Baila Fines (64%, -10 mm) Rs 4,700/- Per Ton Note: These prices are FOR prices that are exclusive of Royalty, DMF, NMEDT, Cess, Forest Permit Fee, transit fee, GST, environmental Cess and other taxes. First Published: May 06 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 06 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Q4 Results to Watch: Bajaj Auto, CG Power and Industrial Solutions, Polycab India, Godrej Consumer Products, Meesho, Shree Cements, PB Fintech, One 97 Communications, Radico Khaitan, Blue Star, Hexaware Technologies, CESC, KPIT Technologies, Brigade Enterprises, Aditya Birla Real Estate, Kansai Nerolac Paints, Firstsource Solutions, Aptus Value Housing Finance India, Home First Finance Company India, South Indian Bank, Garware Hi-Tech Films, Birlasoft, KPI Green Energy, Avalon Technologies, Arvind Fashions Limited, Raymond Lifestyle, Capillary Technologies India, eMudhra, Greaves Cotton, Muthoot Microfin, R Systems International, Rane Madras, Vimta Labs, Apcotex Industries, Sula Vineyards, Bharat Seats, Manaksia Coated Metals & Industries, BMW Industries Limited, PNGS Gargi Fashion Jewellery, RSWM, Fairchem Organics, Snowman Logistics, Pajson Agro India, Akme Fintrade India, JTL Defence, Regency Fincorp, Game Changers Texfab, Apex Ecotech, Parshva Enterprises, Hindustan Hardy, Panasonic Carbon India, Cinevista, Indus Finance, Viji Finance, EMA India, Spinaroo Commercial, Rajnish Retail, Cyber Media India, Tanfac Industries, Asia Capital, Unipro Technologies and Vikalp Securities are all scheduled to declare their results later today. Stocks to Watch: Jammu & Kashmir (J&K) Bank reported a 36.48% jump in standalone net profit to Rs 797.80 crore despite 2.28% decline in total income to Rs 3531.06 crore in Q4 FY26 over Q4 FY25. Larsen & Toubro (L&T) reported a 3.12% decline in consolidated net profit to Rs 5,325.60 crore on 11.25% increase in revenue from operations to Rs 82,762.16 crore in Q4 FY26 over Q4 FY25. Coforge reported a 144.72% surge in consolidated net profit to Rs 612.3 crore on 5.17% jump in revenue from operations to Rs 4450.4 crore in Q4 FY26 over Q3 FY26. Poonawalla Fincorp reported net profit of Rs 254.8 crore in Q4 FY26 over Q4 FY25, compared to Rs 62.3 crore in the same period last year, while total income rose 80.7% to Rs 2,120 crore versus Rs 1,173 crore. Aadhar Housing Finance reported a 26.7% rise in net profit to Rs 311 crore on a 19% increase in total income to Rs 992 crore in Q4 FY26 over Q4 FY25. SRF reported a 10.6% rise in consolidated net profit to Rs 582 crore on a 7% increase in revenue to Rs 4,615 crore in Q4 FY26 over Q4 FY25. United Breweries reported a 4.3% rise in consolidated net profit to Rs 102 crore on a 3.1% decline in revenue to Rs 2,250 crore in Q4 FY26 over Q4 FY25. PTC India Financial Services reported a 21.8% decline in consolidated net profit to Rs 45.5 crore on a 24.4% drop in total income to Rs 119 crore in Q4 FY26 over Q4 FY25. Hero MotoCorp reported a 29.6% rise in standalone net profit to Rs 1,401 crore on a 28.8% increase in revenue to Rs 12,797 crore in Q4 FY26 over Q4 FY25. Dalmia Bharat Sugar & Industries reported a 47.4% decline in consolidated net profit to Rs 104.5 crore on a 2.5% decline in revenue to Rs 990.7 crore in Q4 FY26 over Q4 FY25. First Published: May 06 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 12.37% to Rs 1204.81 crore For the full year,net profit rose 20.84% to Rs 484.27 crore in the year ended March 2026 as against Rs 400.74 crore during the previous year ended March 2025. Sales rose 2.94% to Rs 4418.92 crore in the year ended March 2026 as against Rs 4292.73 crore during the previous year ended March 2025. First Published: May 06 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 0.29 crore in the year ended March 2026 as against net profit of Rs 0.02 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: May 06 2026 | 9:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 4.19% to Rs 305.52 crore For the full year,net profit reported to Rs 58.01 crore in the year ended March 2026 as against net loss of Rs 227.94 crore during the previous year ended March 2025. Sales declined 2.76% to Rs 1154.03 crore in the year ended March 2026 as against Rs 1186.79 crore during the previous year ended March 2025. First Published: May 06 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 1.70 crore For the full year,net loss reported to Rs 0.13 crore in the year ended March 2026 as against net profit of Rs 1.42 crore during the previous year ended March 2025. Sales reported to Rs 1.70 crore in the year ended March 2026. There were no Sales reported during the previous year ended March 2025. First Published: May 06 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 1.09 crore in the year ended March 2026 as against net profit of Rs 0.21 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: May 06 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 37.25% to Rs 125.84 crore For the full year,net profit rose 5.75% to Rs 55.53 crore in the year ended March 2026 as against Rs 52.51 crore during the previous year ended March 2025. Sales rose 17.47% to Rs 441.94 crore in the year ended March 2026 as against Rs 376.23 crore during the previous year ended March 2025. First Published: May 06 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 06 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Premier Explosives announced that it has secured an order worth Rs 33.69 crore for the supply of rocket motors from an international entity under its defense business segment. The company clarified that the order has been received from an international client, and neither the promoter, promoter group, nor group companies have any interest in the awarding entity. Further, the transaction does not fall under related party transactions. Premier Explosives is engaged in the manufacture of high-energy materials like bulk explosives, packaged explosives, detonators, detonating fuses, solid propellants, pyrogen igniters, pyro devices, etc., having applications in mining, infrastructure, defense, space, homeland security, and such other areas. The company also operates and maintains solid propellant plants of defense and space establishments. The companys consolidated net profit fell 34.1% to Rs 6.08 crore on a 50.9% fall in revenue from operations to Rs 81.41 crore in Q3 FY26 over Q3 FY25. Shares of Premier Explosives rose 0.41% to close at Rs 559.10 on the BSE. First Published: May 06 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 06 2026 | 8:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks on Wall Street hit fresh records on Tuesday ?as the S&P 500 rose 0.8 per cent and the Nasdaq Composite gained 1 per cent. Stocks leapt, oil prices sank and the dollar dropped in the Asian morning on Wednesday after US President Donald Trump touted "great progress" towards a "final agreement" with Tehran, while momentum in AI-driven trades accelerated. Trump said he would briefly pause an operation escorting ships through the Strait of Hormuz, which carries about a fifth of global oil and has been blockaded by Iran since late February, triggering ?a global energy crisis. The news sent Brent crude tumbling 1.2 per cent to $108.51 per barrel, while S&P 500 e-mini futures were up 0.3 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan jumped 2.3 per cent to a fresh record, led by a 5.1 per cent surge in South Korea's Kospi, clearing the 7,000 mark for the first time. "Markets embraced a sense of calm and stability overnight, with the risk of escalation in the West Asia conflict viewed as having diminished after US Defence Secretary Pete Hegseth ensured the ceasefire was still in place, despite the US and Iran trading blows yesterday," analysts from Westpac wrote in a research note. "This put some wind in the sails for risk sentiment, supporting a rebound in equities across the US and Europe at the same time as crude oil prices partially unwound yesterday's climb." Stocks on Wall Street hit fresh records on Tuesday ?as the S&P 500 rose 0.8 per cent and the Nasdaq Composite gained 1 per cent. "Investors bought and continue to add to positioning in the 2026 winners," said Chris Weston, head of research at Pepperstone Group Ltd in Melbourne. "There has been some buying in S&P 500 materials stocks, but it's tech that continues to attract the bulk of flows, notably in Apple and the memory plays." As the Seoul market reopened after a holiday, Samsung Electronics jumped 12 per cent, topping a $1 trillion market value, overtaking Berkshire Hathaway and closing in on Walmart. "Due to the capex spend we are seeing from hyperscalers in the US, the earnings growth trajectory for sectors such as semiconductors, tech hardware, industrials and materials in Asia exceeds anything I have seen in a long-time," said Rushil Khanna, head of equity ?investments for Asia at Ostrum, an affiliate of Natixis Investment Managers. "This capex is leading to material value creation in Asia as the provider of the picks and shovels to the AI ecosystem," he said. Shares in Advanced Micro Devices jumped 16.5 per cent in extended trading ?as the company forecast second-quarter revenue above Wall Street expectations on Tuesday, helped by keen demand for its dead-centre chips as cloud-computing companies ?accelerate spending on AI infrastructure. In the foreign exchange markets, the US dollar index, which measures the greenback's strength against a basket of six currencies, snapped a three-day winning streak, nudging down 0.1 per cent to 98.236. The euro stood at $1.1724 and sterling was ?at $1.3577, both up around 0.3 per cent so far on the day. The Australian dollar fetched $0.7227, rising about 0.6 per cent to the highest since June 2022, buoyed by improved risk appetite and underpinned by a third straight interest-rate hike a day earlier. The yield on the ?US 10-year Treasury bond was flat at 4.424 per cent. Gold was 1.2 per cent higher at $4,609.59. In cryptocurrencies, bitcoin was down 0.9 per cent at $80,881.12, while ether was off 1 per cent at $2,358.09. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 06 2026 | 7:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex may open higher as traders hoped for an end to the West Asia hostilies. First Published: May 06 2026 | 7:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 06 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 06 2026 | 7:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 06 2026 | 7:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
OnEMI Technology IPO First Published: May 06 2026 | 7:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 06 2026 | 7:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 05 2026 | 11:53 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 11:30 IST, the barometer index, the S&P BSE Sensex fell 590.04 points or 0.76% to 76,679.36. The Nifty 50 index slipped 169.50 points or 0.72% to 23,947.55. In the broader market, the BSE 150 MidCap Index slipped 0.24% and the BSE 250 SmallCap Index declined 0.16%. The market breadth was negative. On the BSE, 1,706 shares rose and 2,141 shares fell. A total of 223 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 1.48% to 18.57. IPO Update: The initial public offer (IPO) of Onemi Technology Solutions received bids for 2,38,94,028 shares as against 3,97,62,250 shares on offer, according to stock exchange data at 11:15 IST on Tuesday (05 May 2026). The issue was subscribed 0.60 times. The issue opened for bidding on 30 April 2026 and will now close on 05 May 2026. The price band of the IPO is fixed between Rs 162 and 171 per share. Buzzing Index: The Nifty Oil & Gas index declined 1.13% to 11,600.75. The index jumped 0.33% in the past trading session. Oil India (down 2.32%), Bharat Petroleum Corporation (down 2.25%), Petronet LNG (down 1.92%), Chennai Petroleum Corporation (down 1.89%) and Oil & Natural Gas Corpn (down 1.88%) were the top losers. Among the other losers were Hindustan Petroleum Corporation (down 1.67%), Gujarat State Petronet (down 1.55%), Aegis Logistics (down 1.34%), Indian Oil Corporation (down 0.95%) and Castrol India (down 0.75%) declined. Stocks in Spotlight: IIFL Capital Services rallied 3.37%. The company reported 10% fall in net profit to Rs 115.1 crore despite a 20% rise in total revenue from operations to Rs 644.3 crore in Q4 FY26 as compared with Q4 FY25. Jindal Stainless declined 1.92% after the company reported 3.61% decline in standalone net profit to Rs 891.57 crore despite a 0.38% rise in revenue from operations to Rs 10,826.47 crore in Q4 FY26 over Q4 FY25. Computer Age Management Services (CAMS) rallied 6.62% after the companys consolidated net profit surged 10.88% to Rs 126.43 crore on 11% increase in revenue from operations to Rs 395.22 crore in Q4 FY26 over Q4 FY25. Aarti Industries dropped 5.99%. The company reported a 3% jump in consolidated net profit to Rs 137 crore despite 2.81% fall in revenue from operations to Rs 2422 crore in Q4 FY26 over Q3 FY26. On a year on year (YoY) basis, the companys consolidated net profit jumped 42.71% while revenue from operations grew 9.39% in Q4 FY26. Larsen & Toubro slipped 1.20%. The companys Energy Hydrocarbon Onshore business has secured a large order from Bharat Coal Gasification and Chemicals (BCGCL), a joint venture of Coal India and Bharat Heavy Electricals (BHEL), for a coal-to-ammonium nitrate project in Odisha. Petronet LNG declined 1.43%. The company reported 25.29% jump in consolidated net profit to Rs 1,337.59 crore despite 23.33% decline in revenue from operations to Rs 9442.06 crore in Q4 FY26 over Q4 FY25. Sobha rose 2% after the company reported a 124.8% surge in consolidated net profit to Rs 91.84 crore on a 60.2% rise in revenue from operations to Rs 1,987.84 crore in Q4 FY26 over Q4 FY25. Lupin shed 0.33%. The company said that it has received approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Glycerol Phenylbutyrate Oral Liquid, 1.1 g/mL. Global Markets: Asian markets traded mixed on Tuesday as risk appetite was battered by heightened tensions in the Strait of Hormuz. Markets in Japan, China, and South Korea were closed, keeping regional trading volumes dull. Investor sentiment nosedived after Iran launched strikes in response to a U.S. operation to reopen the Strait of Hormuz. The development threatened to upset an already tenuous ceasefire between the U.S. and Iran, although separate comments from Iranian officials indicated that talks between both sides were still progressing. Overnight on Wall Street, stocks fell on Monday as the latest developments in the Middle East sent oil prices higher, sparking further worries about instability in the region. The Dow Jones Industrial Average shed 557.37 points, or 1.13%, closing at 48,941.90. The S&P 500 slid 0.41% to end at 7,200.75, while the Nasdaq Composite lost 0.19% to settle at 25,067.80. First Published: May 05 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
These campaigns, among others, involve (i) false promises of waiver of outstanding dues to banks / Non-Banking Financial Companies (NBFCs); (ii) issuance of 'debt waiver certificates' or similar documents; and (iii) collection of fees under various pretexts, including service or legal charges, from uninformed public. It is reiterated that any claims by individuals / entities offering such services are false, misleading, and liable to attract appropriate legal action under applicable Statutes. It is also emphasised that such activities undermine the stability of financial institutions, affect the interest of depositors and association / engagement with such individuals / entities can result in direct financial loss. RBI noted that members of the public are therefore requested to refrain from associating with or availing services from such individuals / entities and instead approach their lending institutions directly for any information related to their loans. Further, it is advised to promptly report any such misleading campaigns to the appropriate law enforcement agencies. First Published: May 05 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 05 2026 | 11:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In the Nifty 500, Gujarat State Petronet will be excluded and CIE Automotive India will be included. This replacement will also reflect in related indices such as Nifty 500 Equal Weight, Nifty 500 Multicap 50:25:25 and Nifty 500 LargeMidSmall Equal-Cap Weighted indices. In the Nifty Smallcap 250, Gujarat State Petronet will be removed and CIE Automotive India will be added. Similarly, in the Nifty MidSmallcap 400, Gujarat State Petronet will be replaced by CIE Automotive India, with corresponding changes also applicable to the Nifty MidSmallcap 400 50:50 index. In the Nifty Microcap 250, CIE Automotive India will be excluded and Ratnamani Metals & Tubes will be included. Meanwhile, the Nifty Total Market will see Gujarat State Petronet replaced by Ratnamani Metals & Tubes. In the Nifty Smallcap 500, Gujarat State Petronet will be excluded and Procter & Gamble Hygiene & Health Care will be included. Sectoral indices will also see changes, with the Nifty Energy replacing Gujarat State Petronet with Nava and the Nifty Oil & Gas including Aegis Vopak Terminals in place of Gujarat State Petronet. In thematic indices, the Nifty India Infrastructure & Logistics will replace Gujarat State Petronet with Shipping Corporation of India, while the Nifty500 Multicap Infrastructure 50:30:20 will include Craftsman Automation in place of Gujarat State Petronet. In strategy indices, the Nifty Smallcap250 Quality 50 will see NATCO Pharma replacing Gujarat State Petronet, while the Nifty500 Flexicap Quality 30 will include Timken India. Lastly, in the Nifty500 Shariah, Gujarat State Petronet will be excluded, with no replacement being added. These changes reflect index rebalancing following corporate restructuring and are expected to impact passive fund allocations tracking these benchmarks. First Published: May 05 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 05 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IIFL Capital Services has reported 10% fall in net profit to Rs 115.1 crore despite a 20% rise in total revenue from operations to Rs 644.3 crore in Q4 FY26 as compared with Q4 FY25. Total expenses for the period under review added up to Rs 500.2 crore, up 22% YoY. Profit before tax in Q4 FY26 stood at Rs 154.6 crore, down by 5% from Rs 163.3 crore recorded in Q4 FY25. For FY26, the company has posted PAT and total revenue of Rs 563.6 crore (up 21% YoY) and Rs 2,438.8 crore (up 1% YoY), respectively. As at 31 March 2026, total assets under management stood at Rs 2,29,582 (distribution assets Rs 52,115 crore and custody assets Rs 1,77,467 crores) R. Venkataraman, managing director, said: The investment banking and institutional equities businesses continued to demonstrate resilience and strength, and we witnessed steady momentum in scaling our wealth and asset management platforms. IIFL Capital Services offers broking services, wealth management, financial products distribution, institutional broking & research and investment banking services. The scrip added 3.08% to currently trade at Rs 322.90 on the BSE. First Published: May 05 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Jindal Stainless fell 1.88% to Rs 763.80 after the company reported 3.61% decline in standalone net profit to Rs 891.57 crore despite a 0.38% rise in revenue from operations to Rs 10,826.47 crore in Q4 FY26 over Q4 FY25. However, EBITDA jumped 24.8% to Rs 1,111 crore in Q4 FY26, compared with Rs 890 crore in Q4 FY25. Stainless steel sales volume remained largely stable at 6,41,743 metric tonnes (MT), marginally lower than 6,42,641 MT a year ago. Domestic operations continued to anchor performance, contributing 95% of total revenue, supported by strong demand across sectors including automotive, pipes and tubes, metros, lifts, and elevators, and white goods. Exports accounted for around 7% of total revenue, with the company navigating a challenging global environment shaped by geopolitical conflicts and tariff uncertainties, resulting in trade disruptions. Despite this, the company delivered sustained export performance, while also maintaining focus on expanding into markets such as Japan, South Korea, Taiwan and Germany, which continued to gain traction. For the full year, the companys standalone net profit increased 4.86% to Rs 2,842.95 crore on 6.22% increase in revenue from operations to Rs 42,680.22 crore in FY26 over FY25. Meanwhile, the companys board recommended a final dividend of Rs 3 per equity share of face value of Rs 2 each for the FY26. Abhyuday Jindal, managing director, Jindal Stainless, said, FY26 has been a strong year for Jindal Stainless, marked by resilient growth, strategic execution and important milestones across operations and brand building. Supported by robust domestic demand and rising stainless steel adoption across sectors, we delivered healthy volume growth while continuing to strengthen our value-added portfolio and downstream capabilities. Looking ahead, our focus will be on leveraging our capacity enhancement and downstream expansion to expanding applications, maintaining cost efficiencies, and manufacturing excellence, to achieve ~3.5 MTPA sales volume by FY29. The domestic stainless steel industry continues to operate in a challenging environment caused by the Middle-East crisis and Indias liberal trade policies. Concerns over cheap, substandard imports remains and on behalf of the industry, we continue to advocate for a strong policy framework to curb unfair imports and safeguard the long-term interests of the domestic stainless steel industry. Jindal Stainless manufactures stainless steel using electric arc furnace. The companys product range includes stainless steel slabs, blooms, coils, plates, sheets, precision strips, wire rods, rebars, blade steel, and coin blanks. It has 16 stainless steel manufacturing and processing facilities in India and abroad, including in Spain and Indonesia, and a worldwide network in 12 countries, as of March 2026. First Published: May 05 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Computer Age Management Services (CAMS) jumped 6.09% to Rs 775.75 after the company's consolidated net profit surged 10.88% to Rs 126.43 crore on 11% increase in revenue from operations to Rs 395.22 crore in Q4 FY26 over Q4 FY25. Profit before tax (PBT) rose 12.27% YoY to Rs 166.07 crore in Q4 FY26. Improved operational efficiency and a sharp ramp-up in automation initiatives helped EBITDA touch an all-time high of Rs 183.66 crore in Q4 FY26. EBITDA margin stood at a healthy 46.5%. Computer Age Management Services (CAMS) reported assets under management (AuM) of Rs 55.1 lakh crore in Q4 FY26, up 21% year-on-year, broadly in line with industry growth, while retaining its market leadership with around 68% market share. Equity assets hit an all-time high of Rs 30.5 lakh crore, with market share improving 90 basis points YoY to 67%. Equity net sales stood at Rs 1,01,294 crore, lifting CAMS share in the segment to 76.3% from 71% in the previous quarter. New SIP registrations rose 46% YoY to 1.26 crore in Q4 FY26, outperforming industry growth of 37%. SIP collections crossed the Rs 20,000 crore milestone in March and grew 24% year-on-year to Rs 58,889 crore in Q4 FY26. Live SIPs increased 17% YoY, compared with 4% growth for the industry, leading to market share expanding to 64.1% from 57% in the previous year. Anuj Kumar, Managing Director said, Q4 FY26 was a defining quarter for CAMS, as we delivered our highest-ever quarterly revenue, with double-digit Y-o-Y growth and best-in-class EBITDA margins of 46.5%. This performance reflects strong operating discipline, sustained scale benefits in our core mutual fund franchise and continued improvement in productivity across the organisation. This performance was anchored not only by the resilience and scale benefits of our core mutual fund franchise, but also by strong momentum in our expanding non MF businesses which grew over 24% year-on-year, underscoring the success of our diversification strategy. Businesses across payments, alternatives, KRA and insurance repository continue to gain traction, contributing meaningfully to revenue momentum and long-term growth visibility. Within mutual funds, we continue to deepen and strengthen our partnerships with asset managers. During the quarter, Neo and Oaklane chose CAMS as their RTA partner, taking our total MF RTA relationships to 31. We also continued to gain market share and outperform the industry across key metrics, including assets under management, equity net sales, SIP registrations and growth in the investor base. The SIF ecosystem is scaling well, with 6 SIFs going live so far and another 8 additional launches expected in the coming months, reflecting growing adoption of SIF. Alongside growth, our multi-year platform re-architecture programme is progressing well. Sustained innovation in technology, coupled with revenue growth (while maintaining a flat headcount) highlight the operating efficiency and long-term leverage that our next-generation platform is designed to deliver. As we move ahead, our focus remains on strengthening platform leadership, scaling diversified growth engines and sustaining profitable growth, while reinforcing CAMSs role as Indias most trusted financial market infrastructure partner. The company has recommended a final dividend of Rs 4 per equity share, subject to approval of shareholders at the Annual General Meeting scheduled on July 7, 2026. If approved, the dividend will be paid to shareholders as on July 10, 2026, which has been fixed as the record date. The dividend will be disbursed on or before August 5, 2026. The board has also approved an investment of up to Rs 20 crore, in one or more tranches, in the equity capital of CAMS Financial Information Services, a wholly-owned subsidiary of the company. The board has approved amendments to the Memorandum of Association (MoA) of the company, subject to shareholder approval at the forthcoming Annual General Meeting. Separately, the company has approved acquisition of shares held by other shareholders in Fintuple Technologies for a consideration of Rs 96.67 lakh. It has also approved acquisition of shares in Think Analytics India for Rs 14.72 crore. CAMS is a financial infrastructure and service partner to the asset management industry and provides platform-based services to the BFSI segment. The company is India's largest registrar and transfer agent of mutual funds with an aggregate market share of 68% based on mutual fund average assets under management (AAuM). Its mutual fund clients include ten of the fifteen largest mutual funds. First Published: May 05 2026 | 11:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 05 2026 | 11:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
DIIs pumped in $27.2 billion into equities during the March quarter. FPI flows remained volatile — turning briefly positive in February before offloading $14.2 billion in March | Illustration: Binay Sinha First Published: May 05 2026 | 10:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sobha rose 3.29% to Rs 1,485.60 after the company reported a 124.8% surge in consolidated net profit to Rs 91.84 crore on a 60.2% rise in revenue from operations to Rs 1,987.84 crore in Q4 FY26 over Q4 FY25. Sales value stood at Rs 2,039 crore in Q4 FY26, registering a growth of 30% YoY. Average price realization stood at Rs 15,268 per sq ft. The sold area stood at 1.33 million sq. ft. in Q4 FY26, up 18% YoY. The launched saleable area was 3.31 million sq. ft. during the quarter. Collections for Q4 FY26 stood at Rs 1,990 crore, registering an 11% QoQ growth and a 26% YoY increase. Total collections for FY26 reached Rs 7,798 crore. On a full-year basis, the company's net profit increased 104.3% to Rs 193.41 crore on a 28.5% rise in revenue to Rs 5,190.50 crore in FY26 over FY25. Jagadish Nangineni, managing director, Sobha, said, We are pleased to close the fiscal year on a high note, with our Q4 performance reflecting SOBHA's improving operating excellence in all metrics and businesses, with our unique backward-integrated execution model. These are achieved with complete focus on delivering SOBHA-quality products to our customers with high reliability, transparency, and integrity. The One SOBHA team is aligned with the growth objectives of the company, which is today on a strong foundation. As we transition into FY 27, our focus is squarely on sustaining this upward trajectory. We have planned significant launches across cities, featuring a strong pipeline of projects designed to meet the aspirations of modern homeowners. The structural demand for premium housing remains resilient, and with our execution excellence, strategic land bank, and disciplined capital structure, we firmly believe we are in the best position to capture the growth opportunities. Meanwhile, the board recommended a dividend of Rs 6 per equity share (face value Rs 10) for FY26, subject to shareholder approval at the forthcoming AGM, along with a pro-rata dividend on partly paid-up shares. Sobha is the real estate brand in the country that offers international-quality homes and commercial and contractual projects delivered on time through its backward integration model. First Published: May 05 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
L&T Energy Hydrocarbon Onshore has won a large order from Bharat Coal Gasification and Chemicals (BCGCL), a joint venture of Coal India (CIL) and Bharat Heavy Electricals (BHEL), for a Coal-to-Ammonia-Nitrate project in Odisha. According to the company's project classification, the order is valued between Rs 2,500 crore to Rs 5,000 crore. The order encompasses the development of the Nitric Acid and Ammonium Nitrate Plant, to be executed on a Lump Sum Turnkey basis (LSTK Package-4) with single-point responsibility. Once operational, the facility will enable the conversion of coal into ammonium nitrate with a planned production capacity of 2,000 tonnes per day, supporting the growing requirements of India's mining, infrastructure and industrial sectors. The scope of work includes process licensing, basic design, detailed engineering, procurement and construction, encompassing mechanical completion, pre-commissioning, commissioning, sustained load and performance guarantee test runs, overall project management and final handover of the plant and its facilities. This order underscores BCGCL's confidence in L&T's proven capabilities, particularly in executing complex, technology-intensive projects under challenging conditions, while maintaining highest standards of safety, quality and execution excellence. Under the Aatmanirbhar Bharat initiative, India has set an ambitious target of achieving 100 million tonnes of coal gasification capacity by 2030. This mission aims to convert high-ash domestic coal into value-added products such as ammonium nitrate, methanol, ammonia, Synthetic Natural Gas and fertilisers, thereby reducing import dependence and strengthening India's industrial self-reliance. First Published: May 05 2026 | 10:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to Nomura, the verdict could support investor sentiment, though it flagged potential policy moves on fuel pricing as a key monitorable This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ather Energy share target price First Published: May 05 2026 | 10:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Tata Technologies shares rally 9% after Q4 results First Published: May 05 2026 | 10:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aditya Birla Capital First Published: May 05 2026 | 10:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wockhardt surged 8.03% to Rs 1,540 after the company reported a sharp turnaround in quarterly earnings, aided by strong growth in key geographies. Revenue from operations rose 29.87% YoY to Rs 965 crore in Q4 FY26, while increasing 8.67% QoQ from Rs 888 crore. Profit before tax stood at Rs 189 crore in Q4 FY26, rebounding from a loss of Rs 22 crore in the year-ago period. PBT surged 182.09% QoQ from Rs 67 crore in Q3 FY26. EBITDA stood at Rs 196 crore in Q4 FY26, up 148.10% YoY and 13.29% QoQ, while margin expanded sharply to 20.3% from 10.7% in the year-ago period. On the cost side, cost of materials consumed increased 11.32% YoY to Rs 177 crore, while employee expenses rose 12.65% YoY to Rs 187 crore and other expenses were up 10.92% YoY at Rs 264 crore. Exceptional items for FY26 stood at Rs 85 crore, including one-time charges related to restructuring, regulatory compliance, US entity liquidation and labour code impact. During the quarter, the company recorded a net charge of Rs 12.70 crore related to settlement with a bankruptcy trustee, while a Rs 35.35 crore gain from settlement with Dr. Reddys was recognised. Operationally, growth was led by strong traction across key regions, with the India business rising 18% YoY to Rs 112 crore and the UK business growing 20% YoY to Rs 349 crore. Emerging markets delivered robust expansion of 124% YoY to Rs 320 crore, while the Ireland business increased 12% YoY to Rs 52 crore. For the full year FY26, the company reported a net profit of Rs 199 crore compared to a loss of Rs 57 crore in FY25. Revenue rose 11.21% to Rs 3,373 crore from Rs 3,033 crore in the previous year. EBITDA for FY26 stood at Rs 630 crore, up 50.72% YoY, with margin improving to 18.7% from 13.8% in FY25. Wockhardt is a research based global pharmaceutical and biotech company. It employs around ~3200 people and 27 nationalities with presence in UK, Ireland, Switzerland, France, Mexico, Russia and many other countries. First Published: May 05 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
EMS zoomed 7.43% to Rs 369.25 after it has received a letter of acceptance (LoA) worth Rs 144 crore from UP Jal Nigam (Urban), Varanasi, for sewer network and house connection works. The order involves surveying, soil investigation, design, and supply of all materials, labour, and tools & tackles on a turnkey basis for Laying of Sewer Networks and House Connection Work in 18 Problematic Wards of Nagar Nigam, Varanasi, including Durgakund, Nariyan, Sarainandan, Jolha Northan, and Bhelupur. The scope includes laying and jointing of sewer network and providing sewer house connections. The project is to be executed within 24 months. The company clarified that the order has been awarded by a domestic entity and does not involve any interest from promoters or promoter group entities. It is not a related party transaction. EMS is a multidisciplinary EPC company headquartered in Delhi that specializes in providing turnkey services in water and wastewater collection, treatment, and disposal. EMS provides complete, single-source services from engineering and design to construction and installation of water, wastewater, and domestic waste treatment facilities. The companys consolidated net profit declined 61.9% to Rs 19.28 crore on an 18.3% drop in revenue from operations to Rs 200.35 crore in Q3 FY26 over Q3 FY25. First Published: May 05 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sunflag Iron & Steel First Published: May 05 2026 | 10:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The acquisition of Optimum Healthcare IT underscores Infosys' commitment to strengthening its healthcare capabilities, particularly in collaboration with health systems and provider organizations to deliver measurable outcomes across complex clinical and operational environments. Optimum Healthcare IT brings deep provider-domain expertise and a proven delivery model making it a strong strategic fit for Infosys' healthcare growth strategy. This investment significantly enhances Infosys' presence in the provider segment, adding new clients and relationships, expanding technology capabilities, and creating synergies across new buying centers. By bringing together Optimum's provider experience with Infosys Topaz and Infosys Cobalt, we are positioned to create a differentiated value proposition for healthcare providers accelerating end-to-end cloud, data, and digital transformation at scale. Together, Infosys and Optimum Healthcare IT will unlock AI-powered, large-scale cloud and data transformation initiatives for healthcare providers through an integrated, end-to-end set of offerings supporting improved patient experiences through data-driven, personalized care while driving greater operational efficiency and cost optimization. Optimum Healthcare is an Elite ServiceNow partner, and received the 2026 ServiceNow Partner of the Year Award, is a Premier AWS partner, Workday Services partner and a Microsoft Azure partner. First Published: May 05 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 05 May 2026 Resignation of Vimal Agarwal as Chief Financial Officer with effect from 30 June 2026 on account of his transition to a new role within the Mahindra Group. Appointment of Rajiv Vimal as Chief Financial Officer with effect from 01 July 2026. First Published: May 05 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 6.46% to Rs 3892.45 crore For the full year,net profit rose 383.89% to Rs 221.62 crore in the year ended March 2026 as against Rs 45.80 crore during the previous year ended March 2025. Sales rose 2.26% to Rs 15305.19 crore in the year ended March 2026 as against Rs 14967.20 crore during the previous year ended March 2025. First Published: May 05 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In West Bengal, the BJP has crossed the majority mark in the 294-member Assembly, ending the 15-year rule of the All India Trinamool Congress. The party has emerged as the clear winner with over 200 seats, marking its first-ever government in the state since Independence. The outcome signals a major political shift in one of Indias most closely watched battlegrounds. In Assam, the BJP-led National Democratic Alliance has secured a third consecutive term, consolidating its hold in the northeastern state. The BJP and its allies, including the Asom Gana Parishad and Bodoland People's Front, have together crossed the majority mark comfortably. Kerala has delivered a strong mandate to the Congress-led United Democratic Front, with the Indian National Congress and its allies securing a sweeping victory and returning to power with a clear majority. In Tamil Nadu, actor-turned-politician Vijays Tamilaga Vetri Kazhagam has emerged as the single largest party in a dramatic electoral debut, outpacing both the Dravida Munnetra Kazhagam and the All India Anna Dravida Munnetra Kazhagam in a fiercely contested three-way race. Puducherry is set to see the return of a National Democratic Alliance government led by the All India N.R. Congress, which has secured a comfortable majority along with its allies. Meanwhile, in Assembly by-elections across multiple states, the BJP has won seats in Gujarat, Tripura, Nagaland and Maharashtra, while the Congress secured two seats in Karnataka. BJP ally Nationalist Congress Party (NCP) also registered a win in Maharashtra, where Sunetra Pawar set a record margin of victory. First Published: May 05 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty April 2026 futures currently traded 5.50 points higher, suggesting a flat opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 2,835.62 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,764.16 crore in the Indian equity market on 04 May 2026, provisional data showed. The FIIs had sold shares worth Rs 70,135.46 crore in April. This follows their cash sales of Rs 122,540.41 crore in March, Rs 6,640.78 crore in February and Rs 41,435.22 crore in January 2026. Global Markets: Asian markets traded mixed on Tuesday as risk appetite was battered by heightened tensions in the Strait of Hormuz. Markets in Japan, China, and South Korea were closed, keeping regional trading volumes dull. Investor sentiment nosedived after Iran launched strikes in response to a U.S. operation to reopen the Strait of Hormuz. The development threatened to upset an already tenuous ceasefire between the U.S. and Iran, although separate comments from Iranian officials indicated that talks between both sides were still progressing. Overnight on Wall Street, stocks fell on Monday as the latest developments in the Middle East sent oil prices higher, sparking further worries about instability in the region. The Dow Jones Industrial Average shed 557.37 points, or 1.13%, closing at 48,941.90. The S&P 500 slid 0.41% to end at 7,200.75, while the Nasdaq Composite lost 0.19% to settle at 25,067.80. Domestic Market: The domestic equity benchmarks staged a rebound on Monday, recovering from the previous sessions sell-off as broad-based buying improved sentiment. Gains were supported by robust April auto sales data, favourable election trends in West Bengal and better-than-expected Q4 earnings. The benchmarks opened on a firm note, with the Nifty 50 nearing the 24,300 mark in early trade. However, mid-session profit booking trimmed gains, with the index still managing to close above 24,100, supported by metal and healthcare stocks. Investor sentiment remained cautiously optimistic despite lingering concerns over tensions in West Asia and the US-led "Project Freedom" initiative to reopen the Strait of Hormuz. Elevated Brent crude prices and pressure on the rupee capped further upside, while ongoing earnings announcements drove stock-specific movements. The S&P BSE Sensex advanced 355.90 points or 0.46% to 77,269.40. The Nifty 50 index rallied 121.75 points or 0.51% to 24,119.30. First Published: May 05 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Larsen & Toubro, Mahindra and Mahindra, Punjab National Bank, Marico, Hero Motocorp, Lloyds Metals and Energy, SRF, Coforge, United Breweries, Poonawalla Fincorp, Ajanta Pharma, Emcure Pharmaceuticals, Aadhar Housing Finance, Gallantt Ispat, Jammu and Kashmir Bank, Voltamp Transformers, AAVAS Financiers, Lloyds Engineering Works, Alkyl Amines Chemicals, SJS Enterprises, Shilchar Technologies, GNG Electronics, Gujarat Heavy Chemicals, Aeroflex Industries, Shanthi Gears, Shoppers Stop, Dalmia Bharat Sugar and Industries, Cigniti Technologies, Raymond Realty, Raymond, Shipping Corporation of India Land and Assets, PTC India Financial Services, Spandana Sphoorty Financial, Dolphin Offshore Enterprises (India), CFF Fluid Control, DCW, Automobile Corporation of Goa (ACGL), Paushak, Mafatlal Industries, B Right Realestate, Kothari Petrochem, Foseco Crucible (India), Sutlej Textiles and Industries, Primo Chemicals, Onward Technologies, Kriti Nutrients, Jenburkt Pharma, Kriti Industries (India), Kisan Mouldings, Ginni Filaments, Pelatro, Sat Kartar Life, Exxaro Tiles, Trident Lifeline, Shankara Building Products, Regency Fincorp, Sayaji Industries, Transchem, Kartik Investments Trust, La Tim Metal & Industries, Gravity India, Digikore Studios, Blue Coast Hotels, Sandu Pharmaceuticals, Premier Energy and Infrastructure, Carnation Industries, Amraworld Agrico, Amerise Biosciences, and Tata Technologies will declare their results later today. Stocks to Watch: Wockhardt has reported a consolidated net profit of Rs 166 crore in Q4 FY26 as against a loss of Rs 25 crore in Q4 FY25, while revenue from operations rose 29.9% to Rs 965 crore from Rs 743 crore. Jindal Stainless has reported a 1.9% rise in consolidated net profit to Rs 844 crore in Q4 FY26 as compared with Rs 828 crore in Q3 FY26, while revenue from operations increased 7.8% to Rs 11,337 crore from Rs 10,518 crore. Petronet LNG has reported a 57.6% rise in consolidated net profit to Rs 1,371 crore in Q4 FY26 as compared with Rs 870 crore in Q3 FY26, while revenue from operations declined 15.4% to Rs 9,442 crore from Rs 11,164 crore. Manappuram Finance has reported a consolidated net profit of Rs 404 crore in Q4 FY26 as against a loss of Rs 191.2 crore in Q4 FY25, while total income rose 11.1% to Rs 2,626 crore from Rs 2,363 crore. EMS has received a letter of acceptance (LoA) worth Rs 144 crore from UP Jal Nigam for sewer network and house-connection works in Varanasi. Aarti Industries has reported a 42.7% rise in consolidated net profit to Rs 137 crore in Q4 FY26 as compared with Rs 96 crore in Q4 FY25, while revenue from operations increased 13.2% to Rs 2,206 crore from Rs 1,949 crore. Aurobindo Pharma said Sanjay Chaturvedi has resigned as CEO of its arm Apitoria Pharma. KEI Industries has reported a 25.5% rise in consolidated net profit to Rs 284 crore in Q4 FY26 as compared with Rs 227 crore in Q4 FY25, while revenue from operations increased 19.3% to Rs 3,476 crore from Rs 2,915 crore. Tata Chemicals has reported a consolidated net loss of Rs 2,132 crore in Q4 FY26 as compared with a loss of Rs 56 crore in Q4 FY25, while revenue from operations declined 2% to Rs 3,438 crore from Rs 3,509 crore. First Published: May 05 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 83.33% to Rs 0.01 crore For the full year,net profit declined 37.50% to Rs 0.05 crore in the year ended March 2026 as against Rs 0.08 crore during the previous year ended March 2025. Sales declined 26.32% to Rs 0.14 crore in the year ended March 2026 as against Rs 0.19 crore during the previous year ended March 2025. First Published: May 05 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 41.83% to Rs 1122.27 crore For the full year,net profit rose 100.14% to Rs 647.32 crore in the year ended March 2026 as against Rs 323.43 crore during the previous year ended March 2025. Sales rose 53.12% to Rs 4065.57 crore in the year ended March 2026 as against Rs 2655.18 crore during the previous year ended March 2025. First Published: May 05 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 19.95% to Rs 644.30 crore For the full year,net profit declined 21.20% to Rs 561.35 crore in the year ended March 2026 as against Rs 712.34 crore during the previous year ended March 2025. Sales rose 0.62% to Rs 2420.03 crore in the year ended March 2026 as against Rs 2405.02 crore during the previous year ended March 2025. First Published: May 05 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 3.39% to Rs 1386.43 crore For the full year,net profit declined 44.61% to Rs 450.63 crore in the year ended March 2026 as against Rs 813.55 crore during the previous year ended March 2025. Sales rose 1.85% to Rs 5563.46 crore in the year ended March 2026 as against Rs 5462.19 crore during the previous year ended March 2025. First Published: May 05 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 05 2026 | 8:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
What 2 million shareholders stand to gain from Vedanta demerger: Explained First Published: May 05 2026 | 8:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 05 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US West Texas Intermediate (WTI) crude fell $1.59, or 1.5 per cent, to $104.83, after gaining 4.4 per cent in the previous session Oil prices eased on Tuesday after climbing by as much as 6 per cent in the previous session on signs the US Navy is loosening Iran's closure of the key Strait of Hormuz waterway, potentially opening up supply from the key Middle East producing area. The US on Monday launched a new operation aimed at reopening Hormuz ?to shipping and Maersk said later its Alliance Fairfax, a US-flagged vehicle carrier, exited the Gulf via the strait accompanied by US military assets, easing some immediate supply disruption fears. Brent oil futures for July fell 68 cents, or 0.6 per cent, to $113.76 per barrel at 0100 GMT, after settling up 5.8 per cent on Monday. US West Texas Intermediate (WTI) crude fell $1.59, or 1.5 per cent, to $104.83, after gaining 4.4 per cent in the previous session. "The successful escorted exit of the Maersk-operated vessel has helped ease some immediate supply disruption fears," said Tim Waterer, chief market analyst at KCM Trade. "It shows that limited safe passage is possible under current conditions and helps chip away at some of the worst-case supply disruption fears. However, ?it's still very much a one-off event rather than a full reopening," he said in an email. Still, Iran launched attacks in the Gulf on Monday to counter the US move as they wrestle for control over the Strait of Hormuz, which connects the Gulf to wider markets and typically carries oil and gas supply equal to about 20 per cent of global demand every day. Several commercial vessels were reportedly struck in the area, while a key oil port in the United Arab Emirates was set ablaze after an Iranian strike. Trump's attempt to use the US Navy to free up shipping is the war's biggest escalation ?since a ceasefire was declared four weeks ago. The US is pushing to open Hormuz to ease a massive disruption to global energy supplies since Iran mostly shut the strait after the US and Israel started ?the war on February 28. On Monday, Chevron Chairman and CEO Mike Wirth said physical shortages in oil supply ?would begin appearing around the world because of the Hormuz closure. Because of the disruptions, global oil stocks are approaching their lowest level in eight years, Goldman Sachs said on Monday, warning that the ?speed of depletion was becoming a concern as supplies remained restricted. "With the world rapidly burning through commercial stockpiles, strategic reserves, and crude held in floating storage, the underlying supply squeeze remains a potent tailwind ?for oil prices," IG market analyst Tony Sycamore said in a note. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 05 2026 | 8:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Dynacons Systems & Solutions has secured an order worth Rs 750.82 crore from the Reserve Bank of India (RBI) for setting up and managing private cloud infrastructure across its data centres. The execution period for the project is 5 years, providing long-term revenue visibility. The company confirmed that the order has been awarded by a domestic entity and does not involve any related party transaction. It also stated that neither the promoter nor promoter group companies have any interest in RBI in relation to this contract. Dynacons Systems & Solutions provides IT infrastructure solutions. The company provides services nationwide. The companys consolidated net profit jumped 28% to Rs 23.48 crore on 9.5% increase in revenue from operations to Rs 340.59 crore in Q3 FY26 over Q3 FY25. First Published: May 05 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 05 2026 | 8:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 05 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India Inc’s Q4FY26 earnings have largely met expectations, says Kashyap Javeri of Emkay Investment Managers First Published: May 05 2026 | 7:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 05 2026 | 7:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 05 2026 | 7:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Maruti Suzuki India reported a 33.29% jump in total sales to Rs 2,39,646 crore in April 2026 compared with Rs 1,79,791 crore in April 2025. Total export sales stood at Rs 40,054 crore in April 2026, up 43.51% compared with Rs 27,911 crore in April 2025. On the production front, the companys total output jumped 16.45% to 209,565 units in April 2026 compared with 1,79,956 units produced in April 2025. Total passenger vehicles production rose 16.58% YoY to 206,097 units while light commercial vehicles production increased 9.33% YoY to 3, 468 units in April 2026 over April 2025. Maruti Suzuki India is engaged in the manufacture, purchase, and sale of motor vehicles, components, and spare parts (automobiles). On a standalone basis, net profit declined 6.9% YoY to Rs 3,590.5 crore in Q4 FY26 from Rs 3,857.3 crore in Q4 FY25. Revenue from operations rose 28.9% YoY to Rs 50,078.7 crore in Q4 FY26 compared with Rs 38,839.1 crore a year ago. The counter rose 0.40% to settle at Rs 13,312.85 on Thursday, 30 April 2026. First Published: May 02 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 45.20% to Rs 178.08 crore For the full year,net profit declined 30.97% to Rs 193.45 crore in the year ended March 2026 as against Rs 280.24 crore during the previous year ended March 2025. Sales declined 29.37% to Rs 687.69 crore in the year ended March 2026 as against Rs 973.64 crore during the previous year ended March 2025. First Published: May 02 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 23.02% to Rs 16217.93 crore For the full year,net profit rose 19.74% to Rs 3367.38 crore in the year ended March 2026 as against Rs 2812.13 crore during the previous year ended March 2025. Sales rose 6.95% to Rs 53224.92 crore in the year ended March 2026 as against Rs 49764.97 crore during the previous year ended March 2025. First Published: May 02 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 385.71% to Rs 7.14 crore For the full year,net profit rose 7416.67% to Rs 4.51 crore in the year ended March 2026 as against Rs 0.06 crore during the previous year ended March 2025. Sales rose 607.84% to Rs 22.58 crore in the year ended March 2026 as against Rs 3.19 crore during the previous year ended March 2025. First Published: May 02 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 36.72% to Rs 220.92 crore For the full year,net profit rose 55.64% to Rs 23.30 crore in the year ended March 2026 as against Rs 14.97 crore during the previous year ended March 2025. Sales rose 39.21% to Rs 703.06 crore in the year ended March 2026 as against Rs 505.04 crore during the previous year ended March 2025. First Published: May 02 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 30.96% to Rs 4489.30 crore For the full year,net profit rose 1068.87% to Rs 137.81 crore in the year ended March 2026 as against Rs 11.79 crore during the previous year ended March 2025. Sales rose 21.17% to Rs 15981.53 crore in the year ended March 2026 as against Rs 13189.04 crore during the previous year ended March 2025. First Published: May 02 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 15.33% to Rs 6.17 crore For the full year,net loss reported to Rs 326.18 crore in the year ended March 2026 as against net loss of Rs 90.74 crore during the previous year ended March 2025. Sales rose 195.74% to Rs 15.97 crore in the year ended March 2026 as against Rs 5.40 crore during the previous year ended March 2025. First Published: May 02 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 8.75% to Rs 985.49 crore For the full year,net profit rose 36.89% to Rs 183.24 crore in the year ended March 2026 as against Rs 133.86 crore during the previous year ended March 2025. Sales declined 2.15% to Rs 4160.52 crore in the year ended March 2026 as against Rs 4252.15 crore during the previous year ended March 2025. First Published: May 02 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 45.13% to Rs 0.62 crore For the full year,net profit declined 16.67% to Rs 0.15 crore in the year ended March 2026 as against Rs 0.18 crore during the previous year ended March 2025. Sales rose 48.31% to Rs 1.75 crore in the year ended March 2026 as against Rs 1.18 crore during the previous year ended March 2025. First Published: May 02 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 28.46% to Rs 1216.78 crore For the full year,net profit declined 82.70% to Rs 71.80 crore in the year ended March 2026 as against Rs 415.03 crore during the previous year ended March 2025. Sales rose 5.06% to Rs 4238.08 crore in the year ended March 2026 as against Rs 4034.11 crore during the previous year ended March 2025. First Published: May 02 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 02 2026 | 8:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 02 2026 | 7:43 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
V Vualnam, Expenditure secretary First Published: May 01 2026 | 9:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 01 2026 | 9:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 01 2026 | 7:56 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to experts, lingering uncertainty around geopolitical tensions, along with the onset of the earnings season, may have prompted fund managers to adopt a cautious stance First Published: May 01 2026 | 6:32 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 01 2026 | 6:20 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Carmakers began the new fiscal on a strong note, with an estimated 450,000 units of passenger vehicles sold in April in the domestic market, up 27 per cent, on the back of record sales by firms, including Maruti Suzuki, Hyundai and Kia. The industry continued to benefit from the tailwinds of GST 2.0 carried forward from the second half of last fiscal, along with repo rate cut and income tax benefit, Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee said. Passenger vehicle (PV) sales in the domestic market were 354,000 units in April last year. Maruti Suzuki India posted a record domestic sales of 191,122 units in April compared to 142,053 units in the year-ago month. Its previous highest domestic sales were in December 2025 at 182,165 units. "We are starting this year with a big bang. Small cars have contributed significantly to this growth," Banerjee told PTI. The company's small cars, comprising Alto, S-Presso, Celerio and WagonR, grew 74.4 per cent, he said, adding it has dispelled the doubts that people had over the future of small cars. He, however, said any hike in petrol prices could have an impact on demand. Addressing a virtual conference, Banerjee said the overall PV industry "is expected to be around 445,000 to 450,000 in April this year and last year, the industry volume (for the same month) was 354,000". Elaborating on the growth drivers, he said, "The three tailwinds of GST 2.0, the income tax relief and the reduction in the repo rates are still going on". Banerjee said that for Maruti Suzuki, there is a total of 1.65 lakh pending bookings, with the waiting period for its small cars extending to a month, and the company is gradually ramping up production to meet the rising demand. Tata Motors Passenger Vehicles Ltd said its sales in the domestic market stood at 59,000 units last month against 45,199 units in the year-ago period, a growth of 30.5 per cent. Homegrown Mahindra & Mahindra reported domestic passenger vehicle sales of 56,331 units compared to 52,330 units in April 2025, up 8 per cent, with its CEO, Automotive Division, Nalinikanth Gollagunta, stating that the company has started the new fiscal year 2026-27 "on a positive note in April". Benefiting from the policy support, Hyundai Motor India Ltd reported a 17 per cent year-on-year growth in domestic sales to 51,902 units in April 2026. It was the company's highest ever for the month of April since its inception. "We have opened the new financial year on a strong note, carrying forward the momentum built in recent months into April 2026," Hyundai Motor India Ltd MD and CEO Tarun Garg said. Similarly, Kia India also reported a 16 per cent growth in wholesales to 27,286 units in April 2026 compared to 23,623 units sold in the same month last year. It was the highest-ever sales in April. "Our highest-ever April performance builds on the steady growth we have seen over the past several months. This momentum is being led by the new Kia Seltos, with Sonet and Carens, along with Clavis continuing to strengthen our presence across key segments through ongoing enhancements," Kia India Senior Vice-President, Sales & Marketing, Atul Sood said. Another carmaker, Toyota Kirloskar Motor, reported domestic sales of 30,159 units compared to 24,833 units in April 2025, up 21 per cent. "Our sales performance in April 2026 reflects steady and sustained progress, driven by a strong focus on customer centricity, product excellence and disciplined execution across markets," TKM Executive Vice President, Sales-Service-Used Car Business, Sabari Manohar said. JSW MG Motor India reported a 3 per cent year-on-year growth in dispatches to dealers at 6,018 units in April 2026 compared to the same month of the previous year. Similarly, Renault India said it has clocked an over two-fold increase in domestic wholesales at 5,413 units in April 2026 compared to 2,602 units sold in the year-ago month. Nissan Motor India said its domestic sales stood at 3,203 units. In the two-wheeler segment, Honda Motorcycle & Scooter India (HMSI) said its domestic sales stood at 4.84 lakh units compared to 4.22 lakh units a year ago, a growth of 14.7 per cent. Mid-sized motorcycle maker Royal Enfield said its domestic sales were 1,04,129 units against 76,002 units in April 2025, up 37 per cent. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 01 2026 | 5:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Carmakers began the new fiscal on a strong note, with an estimated 450,000 units of passenger vehicles sold in April in the domestic market, up 27 per cent, on the back of record sales by firms, including Maruti Suzuki, Hyundai and Kia. The industry continued to benefit from the tailwinds of GST 2.0 carried forward from the second half of last fiscal, along with repo rate cut and income tax benefit, Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee said. Passenger vehicle (PV) sales in the domestic market were 354,000 units in April last year. Maruti Suzuki India posted a record domestic sales of 191,122 units in April compared to 142,053 units in the year-ago month. Its previous highest domestic sales were in December 2025 at 182,165 units. "We are starting this year with a big bang. Small cars have contributed significantly to this growth," Banerjee told PTI. The company's small cars, comprising Alto, S-Presso, Celerio and WagonR, grew 74.4 per cent, he said, adding it has dispelled the doubts that people had over the future of small cars. He, however, said any hike in petrol prices could have an impact on demand. Addressing a virtual conference, Banerjee said the overall PV industry "is expected to be around 445,000 to 450,000 in April this year and last year, the industry volume (for the same month) was 354,000". Elaborating on the growth drivers, he said, "The three tailwinds of GST 2.0, the income tax relief and the reduction in the repo rates are still going on". Banerjee said that for Maruti Suzuki, there is a total of 1.65 lakh pending bookings, with the waiting period for its small cars extending to a month, and the company is gradually ramping up production to meet the rising demand. Tata Motors Passenger Vehicles Ltd said its sales in the domestic market stood at 59,000 units last month against 45,199 units in the year-ago period, a growth of 30.5 per cent. Homegrown Mahindra & Mahindra reported domestic passenger vehicle sales of 56,331 units compared to 52,330 units in April 2025, up 8 per cent, with its CEO, Automotive Division, Nalinikanth Gollagunta, stating that the company has started the new fiscal year 2026-27 "on a positive note in April". Benefiting from the policy support, Hyundai Motor India Ltd reported a 17 per cent year-on-year growth in domestic sales to 51,902 units in April 2026. It was the company's highest ever for the month of April since its inception. "We have opened the new financial year on a strong note, carrying forward the momentum built in recent months into April 2026," Hyundai Motor India Ltd MD and CEO Tarun Garg said. Similarly, Kia India also reported a 16 per cent growth in wholesales to 27,286 units in April 2026 compared to 23,623 units sold in the same month last year. It was the highest-ever sales in April. "Our highest-ever April performance builds on the steady growth we have seen over the past several months. This momentum is being led by the new Kia Seltos, with Sonet and Carens, along with Clavis continuing to strengthen our presence across key segments through ongoing enhancements," Kia India Senior Vice-President, Sales & Marketing, Atul Sood said. Another carmaker, Toyota Kirloskar Motor, reported domestic sales of 30,159 units compared to 24,833 units in April 2025, up 21 per cent. "Our sales performance in April 2026 reflects steady and sustained progress, driven by a strong focus on customer centricity, product excellence and disciplined execution across markets," TKM Executive Vice President, Sales-Service-Used Car Business, Sabari Manohar said. JSW MG Motor India reported a 3 per cent year-on-year growth in dispatches to dealers at 6,018 units in April 2026 compared to the same month of the previous year. Similarly, Renault India said it has clocked an over two-fold increase in domestic wholesales at 5,413 units in April 2026 compared to 2,602 units sold in the year-ago month. Nissan Motor India said its domestic sales stood at 3,203 units. In the two-wheeler segment, Honda Motorcycle & Scooter India (HMSI) said its domestic sales stood at 4.84 lakh units compared to 4.22 lakh units a year ago, a growth of 14.7 per cent. Mid-sized motorcycle maker Royal Enfield said its domestic sales were 1,04,129 units against 76,002 units in April 2025, up 37 per cent. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 01 2026 | 5:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 01 2026 | 5:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 01 2026 | 5:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company's electric motorcycle portfolio has also seen encouraging traction, especially in large motorcycle markets such as Uttar Pradesh, Bihar, and Madhya Pradesh First Published: May 01 2026 | 5:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The company's electric motorcycle portfolio has also seen encouraging traction, especially in large motorcycle markets such as Uttar Pradesh, Bihar, and Madhya Pradesh First Published: May 01 2026 | 5:14 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Car market leader Maruti Suzuki India on Friday reported a record total sales of 2,39,646 units in April, a 33.29 per cent year-on-year growth, making a strong start to the new fiscal with its small cars showing robust growth. The company had sold a total of 1,79,791 units in the same month last year, Maruti Suzuki India said. Domestic sales also reached an all-time high of 1,91,122 units in April compared to 1,42,053 units in the year-ago month. "We are starting this year with a big bang. Small cars have contributed significantly to this growth," Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee told PTI. The previous highest domestic sales registered by the company were in December 2025 at 1,82,165 units, he added. Banerjee said the company's mini vertical has witnessed a strong growth in April, dispelling doubts over the future of the segment that many people have. "With 153 per cent growth, it clearly shows that there is demand in the market and we are selling it," Banerjee said, adding that the segment would continue to grow unless there is a hike in petrol prices due to the West Asia war, which could have an impact on demand. Sales of min cars, comprising Alto and S-Presso, stood at 16,066 units last month compared to 6,332 units in April 2025. Compact car, including Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, sales rose to 80,659 units last month against 61,912 units in April 2025. Banerjee said the company's SUVs also continued strong performance in April. Sales of utility vehicles, consisting of Brezza, Ertiga, e Vitara, Fronx, Grand Vitara, Invicto, Jimny, Victoris and XL6, were 77,892 units compared to 59,022 units in the same month a year ago. Sales of light commercial vehicle (LCV) Super Carry stood at 3,418 units compared to 3,349 units in the same month last year, Maruti Suzuki India said. Exports stood at 40,054 units last month against 27,911 units in April 2025, the company added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 01 2026 | 4:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture An increase in petrol and diesel prices in the near future is not ruled out, government sources said on Friday, as losses mount from a four-year-old freeze in retail rates despite the sharp rise in global crude oil prices. International crude oil prices this week climbed to a four-year high of $126 per barrel before cooling down slightly, but remained above $110 a barrel as ship transits through the Strait of Hormuz remained restricted and US and Iranian leaders traded barbs amid stalled peace talks. Government sources said the possibility of a petrol and diesel price hike in the near future is not ruled out. Earlier in the day, Indian Oil Corporation (IOC), making a statement on behalf of the industry, said petrol and diesel price as also domestic LPG rates are not being increased despite a surge in international energy cost. State-owned oil firms hiked prices of commercial LPG, industrial diesel, 5-kg LPG and jet fuel sold to international airlines in keeping with the cost. Analysts had earlier flagged the possibility of price increases of Rs 25-28 per litre after the end of polling for assembly elections in West Bengal on April 29. International oil prices spiked after the US and Israel attacked Iran on February 28, and Tehran's sweeping retaliation that effectively shut the Strait of Hormuz -- one of the world's most critical energy arteries, linking the Persian Gulf to global markets and handling roughly a fifth of global oil trade along with significant volumes of liquefied natural gas. Last week, a senior oil ministry official told a news briefing that state-owned fuel retailers were incurring losses of about Rs 20 per litre on petrol and roughly Rs 100 per litre on diesel as pump prices remained frozen for nearly four years despite a surge in global oil prices. Yet there is no plan to increase prices, she had said. Crude, which was $70 per barrel last year, averaged over $114 this month. Retail petrol and diesel prices have remained frozen since early April 2022 -- a period during which oil prices rose in some months and fell in other times. When prices fell, state-owned oil firms made handsome profits, which they used to set off losses when rates rose. Petrol is currently priced at Rs 94.77 a litre in Delhi, and diesel comes for Rs 87.67. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 01 2026 | 4:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Selling days have varied significantly through early 2026, shaping monthly volumes. First Published: May 01 2026 | 2:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Selling days have varied significantly through early 2026, shaping monthly volumes. First Published: May 01 2026 | 2:48 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Ola Electric on Friday announced a strong month-on-month growth in April 2026, with registrations rising to 12,166 units, up from 10,133 units in March, according to VAHAN data. This represents a 20 per cent MoM increase, building on the recovery momentum seen in March, Ola Electric said in a statement. The company's performance stood out in a month when the broader electric two-wheeler industry declined by over 22 per cent MoM, it added. Ola Electric was the only leading EV two-wheeler brand to grow month-on-month in April, reflecting improving customer confidence, stabilising operations, and continued demand for its expanding EV portfolio, the company said. "March marked a strong recovery for Ola Electric, and April has continued that momentum. Registrations grew 20 per cent month-on-month even as the market declined sharply, making Ola the only leading EV two-wheeler brand to grow in April," an Ola Electric spokesperson said. This reflects stronger execution, stabilising operations, and growing customer confidence. The commercialisation of our indigenously developed 4,680 Bharat Cells has boosted cost efficiencies, with the benefits passed on to customers, the spokesperson added. "We remain focused on building this momentum and driving the next phase of EV penetration in India," the spokesperson said. The company said its electric motorcycle portfolio has also seen encouraging traction, especially in large motorcycle markets such as Uttar Pradesh, Bihar, and Madhya Pradesh. The Roadster X is steadily ramping up and emerging as a meaningful product in the electric motorcycle category, it added. Ola's 4680 Bharat Cell-powered products are also seeing increasing adoption. The Roadster X+ 9.1 kWh, powered by Ola's proprietary 4680 Bharat Cell, delivers up to 500 km IDC range, addressing one of the most important customer needs in the motorcycle category -- longer range and reduced range anxiety, the company said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 01 2026 | 2:28 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: May 01 2026 | 1:19 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: May 01 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: May 01 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: May 01 2026 | 12:05 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
As many as 57.3 per cent of rural and 47.7 per cent of urban workers do not get any benefits of formal employment. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The major business growth drivers for data analytics and artificial intelligence player Qlik are the government sector, Banking, Financial Services, and Insurance (BFSI), and pharma, according to the US-based firm's Managing Director (India), Varun Babbar. "We see a lot of initiatives by various state governments as well as central governments where they are revamping their whole data ecosystem and building the right data foundations to build AI-driven projects," Babbar told PTI. Banking and financial services have been early adopters of technology, and they were the first ones to build data warehouses and data lakes, he said, adding that there is a lot of innovation being done by them. Besides, he said, pharma is another vertical where a lot of traction is taking place. On the government side, he said, the company is working with three states apart from various public sector companies, including Indian Oil Corporation. "We see a lot of initiatives built by various state governments as well as various departments of the central government where they are revamping their whole data ecosystem and building the right data foundations to build AI-driven projects," he said. Going forward, engagement with the government sector is going to grow, and the company, with its partners are in talks with many state governments on various projects. These engagements are at various stages, and definitely more wins would take place during the year, he said. In addition, he said, a lot of banks have come up with projects like revamping their whole data ecosystem and building something around it. Talking about revenue flow, Babbar said both the public sector and BFSI together would be around 60 per cent. "I would say both are equal businesses. Some year someone does better than the other," he said. From a headcount perspective, he said, India is the third largest employer within the Qlik ecosystem after the US and Sweden. India has around 400 employees, and the team is growing at a very fast pace across the segment, including research and development, marketing and sales. Qlik senior vice president (APAC) Maurizio Garavello said India is the fastest-growing market because companies are increasingly adopting frontier technologies. "We are happy with the India business... we made significant investment in technology and hired more people last year," Garavello said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: May 01 2026 | 11:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Waaree Energies share price crashes 10 per cent post Q4 results First Published: Apr 30 2026 | 10:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Japan's Nikkei fell 1.4 per cent but was up 16 per cent in April Asian shares fell on Thursday as oil prices vaulted to four-year highs due to the risk that US may strike Iran again, with mostly positive earnings from tech giants providing only limited comfort to investors ahead of Apple's results. European stocks are bracing for a lower open, with the pan-regional stock futures gauge down 0.8 per cent. Investors fear the European Central Bank and Bank of England will likely warn of higher rates later in the ?day after the Federal Reserve kept interest rates steady. But three Fed board members voted to drop the central bank's easing bias in the most divided decision since 1992. Outgoing Chair Jerome Powell also confirmed he would stay on as a governor for now to defend the institution's independence as his successor Kevin Warsh, picked by low-rate advocate US President Donald Trump, moves toward confirmation. The latest spike in oil prices was a cause for concern, as Brent crude futures jumped over 6 per cent on Thursday to a four-year high of $125 a barrel following a report that the US is considering additional military action against Iran. As a result, MSCI's broadest index of Asia-Pacific shares outside Japan slid 1 per cent on Thursday, but was still set for a 15 per cent gain this month. Japan's Nikkei fell 1.4 per cent but was up 16 per cent in April. South Korea's KOSPI hit another all-time high before turning 0.8 per cent lower. China's blue chips were flat and Hong Kong's Hang Seng index dropped ?1.2 per cent. "The future path of the Iran conflict is still extremely uncertain ... All outcomes are still on the table: escalation, impasse and peace, with starkly different implications," said Luke Yeaman, chief economist at the Commonwealth Bank of Australia. "Central banks are waiting to see which outcome prevails before taking decisive steps in any direction. Much like ships transiting the Strait of Hormuz, they're steering through a minefield, with danger lurking at every turn." In Asia, Wall Street futures reversed earlier tech-driven gains. Nasdaq futures were last down 0.3 per cent. Earnings from Google parent Alphabet topped forecasts, sending its shares up 7 per cent in extended trading. Results from Microsoft and Amazon.com were also solid, raising hopes for Apple later on Thursday. Meta Platforms disappointed as it raised its annual capital spending forecast to plough billions more into artificial intelligence infrastructure; its shares fell 7 per cent. Battered Bonds Global bonds took a beating on ?Thursday after the oil spike and a hawkish Fed fuelled a selloff in Treasuries. Markets were quick to price out any rate cuts from the Fed this year and there is a roughly even chance of a hike by next spring. US Treasury yields rose to a one-month ?high and the dollar gained broadly, topping 160 yen. Benchmark US Treasury yields climbed 1 basis point to 4.4298 per cent, having jumped 6 bps overnight to 4.434 per cent, ?the highest since late March. The yield on 10-year Japanese government bonds rose 4 bps to 2.500 per cent, the highest since June 1997. Australia's 10-year government bond yields jumped 6 bps to 5.066 per cent. The US dollar popped up with higher yields, hovering near its highest level in ?more than two weeks. It inched up 0.1 per cent to 160.50 yen after jumping 0.4 per cent overnight to 160.48 yen, edging closer to levels that have previously triggered intervention. The Japanese currency has fallen more than 2 per cent since the US-Israeli war on Iran began on February 28 and investors have ?built the biggest short yen position in nearly two years in a bet that neither rate hikes nor risk of intervention will come to its rescue. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 30 2026 | 10:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
KFin Technologies slipped 2.79% to Rs 950 after the company reported 4.6% fall in consolidated net profit to Rs 81.15 crore despite a 22.9% increase in revenue to Rs 347.33 crore in Q4 FY26 as compared with Q4 FY25. Total expenses for Q4 FY26 added up to Rs 247.13 crore, up 38.5% YoY. This was primarily due to higher employee expenses (up 49.2% YoY) and higher depreciation, impainnent and amortisation charges (up 61% YoY). While EBITDA improved by 5.1% YoY to Rs 128.51 crore, EBITDA margin declined by 620 basis points YoY to 37% in the fourth quarter. Profit before tax in Q4 FY26 stood at Rs 110.74 crore, down by 3.1% from Rs 114.23 crore in Q4 FY25. For FY26, the company posted consolidated net profit and revenue of Rs 343.71 crore (up 3.3% YoY) and Rs 1,301.49 crore (up 19.3% YoY), respectively. Sreekanth Nadella, managing director and CEO, KFin Technologies, said: FY26 has been a transformative year for KFintech as we completed the acquisition of Ascent Fund Services, expanding our global footprints to 18 countries servicing nearly 1,000 global asset managers managing US$ 360 billion of assets under management. Our international business has grown by over 100% YoY, making it nearly 20% of the overall revenue mix, progressing in line with our vision to make KFintech a formidable global fund administrator. Overall, for the full-year, we delivered stable revenue growth and profitability, despite a challenging macro and geopolitical environment that weighed on markets in the second half, underpinned by the strength of our diversified business model and strong focus on productivity and efficiency. Our domestic businesses continued to demonstrate resilience with steady client additions and market share gains, while the full consolidation of Ascent significantly added to our growth. Fourth quarter witnessed some sequential softness, consistent with broader market trends, as equity market weakness and global uncertainty impacted flows and valuations. However, the performance of our core businesses remained stable. KFin Technologies (KFintech) is a leading technology-driven financial services platform. The company provides services and solutions to asset managers and corporate issuers across asset classes in India and provides several investor solutions, including transaction origination and processing for mutual funds and private retirement schemes to global asset managers across 18 jurisdictions. First Published: Apr 30 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Overseas Bank's standalone net profit rose 43.20% year-on-year (YoY) to Rs 1,505.45 crore in Q4 FY26, compared with Rs 1,051.07 crore in Q4 FY25. Operating profit stood at Rs 2,665.05 crore, up 1.80% YoY from Rs 2,617.92 crore in the corresponding quarter last year. Profit before tax (PBT) rose 6.72% YoY to Rs 1,659.09 crore in Q4 FY26, compared with Rs 1,554.46 crore in Q4 FY25. Net Interest Income (NII) jumped 11.11% to Rs 3,470 crore in Q4 FY26 as against Rs 3,123 crore reported in Q4 FY25. Domestic NIM stood at 3.35% while global NIM stood at 3.25% in Q4 FY26. The banks total business increased 20.76% to Rs 6,78,614 crore in Q4 FY26 as against Rs 5,61,958 crore in Q4 FY25. Total deposits increased 18.03% to Rs 3,68,191 crore in Q4 FY26 as against Rs 3,11,938 crore in Q4 FY25. Current Account and Savings Account (CASA) deposits grew 10.85% to Rs 1.51 lakh crore in Q4 FY26 from Rs 1.36 lakh crore in Q4 FY25. The domestic CASA ratio declined to 41.46% in Q4 FY26 from 44.05% a year ago. During the quarter, the gross NPA ratio stood at 1.42% as of 31 March 2026, compared with 2.14% a year ago, while the net NPA ratio stood at 0.21% versus 0.37%. The Provision Coverage Ratio (PCR) stood at 97.50% as of 31 March 2026, compared with 97.30% a year ago. The cost-to-income ratio decreased to 44.02% for Q4 FY26 as against 44.35% for Q4 FY25. Capital Adequacy Ratio (CAR) rose 74 basis points (bps) to 19.78%, with Tier-I at 16.94% and Tier-II at 2.84% as of March 2026. On a full-year basis, the bank's standalone net profit surged 56.18% to Rs 5,208.03 crore, while total income increased 11.44% to Rs 37,532.15 crore in FY26 compared with FY25. Indian Overseas Bank is engaged in the business of banking & financial services. Shares of Indian Overseas Bank shed 0.31% to Rs 35 on the BSE. First Published: Apr 30 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 30 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani Power rose 2% in a weak market on Thursday. First Published: Apr 30 2026 | 10:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 25.14% to Rs 187.94 crore For the full year,net profit declined 20.56% to Rs 382.64 crore in the year ended March 2026 as against Rs 481.67 crore during the previous year ended March 2025. Sales declined 9.09% to Rs 676.88 crore in the year ended March 2026 as against Rs 744.60 crore during the previous year ended March 2025. First Published: Apr 30 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 18.24% to Rs 264.95 crore For the full year,net profit rose 69.95% to Rs 50.10 crore in the year ended March 2026 as against Rs 29.48 crore during the previous year ended March 2025. Sales rose 13.88% to Rs 1207.98 crore in the year ended March 2026 as against Rs 1060.71 crore during the previous year ended March 2025. First Published: Apr 30 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Navin Fluorine International rose 2.35% to Rs 6,923 after the company reported a strong Q4 FY26 performance, driven by healthy growth across key segments. Revenue from operations came in at Rs 937.71 crore, rising 34% YoY from Rs 700.94 crore and 5% higher sequentially compared to Rs 892.37 crore. At the operating level, EBITDA stood at Rs 321.15 crore in Q4 FY26, up 80% YoY and 4% QoQ. EBITDA margin expanded to 34.2% from 25.5% in Q4 FY25, although it softened 22 bps on a sequential basis. Profit before tax stood at Rs 282.30 crore in Q4 FY26, up 122% YoY and 18% QoQ. On the cost front, raw material expenses rose 20.9% YoY to Rs 388.07 crore, while employee expenses increased 15.3% YoY to Rs 81.01 crore and other expenses were up 12.7% YoY at Rs 147.48 crore during the quarter. Segment-wise, Contract Development and Manufacturing Organisation (CDMO) remained the key growth driver in Q4FY26 with 61% YoY revenue growth, followed by Specialty Chemicals at 39% and High Performance Products (HPP) at 20%, reflecting strong demand across high-value segments. For the full year, revenue stood at Rs 3,313.90 crore in FY26, up 41% YoY, while EBITDA surged 103% to Rs 1,081.68 crore with margins expanding 992 bps to 32.6%. PBT stood at Rs 873.17 crore in FY26, up 130% YoY, while net profit rose 130% YoY to Rs 663.56 crore. The company also reported strong cash generation, with net cash flow from operating activities rising to Rs 893.57 crore in FY26 from Rs 570.81 crore in FY25. The board recommended final dividend of Rs 8.60 per equity share of the face value of Rs 2 each for the financial year 2025-2026. Record date is fixed on 12 June 2026. Navin Fluorine International is one of the largest Indian manufacturers of specialty fluorochemicals. First Published: Apr 30 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Force Motors fell 4.25% to Rs 20,098.85 after the company reported a 35.93% year-on-year decline in consolidated net profit to Rs 278.52 crore in Q4 FY26, compared with Rs 434.71 crore in the corresponding quarter last year. Profit before tax (PBT) declined 43.37% YoY to Rs 378.20 crore in Q4 FY26, compared with Rs 667.81 crore in Q4 FY25. Total expenses rose 4.96% year on year to Rs 2,210.27 crore in Q4 FY26. Employee benefit expense stood at Rs 181.49 crore (up 5.23% YoY), while finance costs were at Rs 2.74 crore (down 62.26% YoY) during the period under review. On a full-year basis, the company's consolidated net profit rose 51.31% to Rs 1,211.75 crore, while total income increased 12.21% to Rs 9,057.05 crore in FY26 compared with FY25. Meanwhile, the companys board has recommended a dividend of Rs 50 per equity share (500% of face value Rs 10 each) for FY26, subject to shareholders approval at the ensuing annual general meeting (AGM). Force Motors is engaged in manufacturing light commercial vehicles, utility vehicles, and engines. It is an automobile company with a focus on the design, development, and manufacture of a range of automotive components, aggregates, and vehicles. First Published: Apr 30 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 30 2026 | 9:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Maruti Suzuki stock outlook: The stock has surged nearly 8% in April, and can potentially rally ?15,980 levels, says analyst at Mirae Asset Sharekhan. First Published: Apr 30 2026 | 9:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The outstanding order book of the Company as on 31 December 2025 was Rs. 13,341 crore (including EPC and O&M) on standalone basis. With the addition of the aforesaid order, the outstanding order book of the Company is Rs. 18,755 crore, (less execution done in Q4 FY26), of which Rs. 10,813 crore is from the Water Vertical (including Rs. 5,393 crore from O&M & Asset replacement), Rs. 1,791 crore from Tunnel segment and the balance Rs. 6,152 crore from Transportation Vertical (including the aforesaid project). First Published: Apr 30 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 66.28% to Rs 99.90 crore For the full year,net profit rose 135.27% to Rs 16.21 crore in the year ended March 2026 as against Rs 6.89 crore during the previous year ended March 2025. Sales rose 109.27% to Rs 242.98 crore in the year ended March 2026 as against Rs 116.11 crore during the previous year ended March 2025. First Published: Apr 30 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 14.36% to Rs 4242.67 crore For the full year,net profit rose 9.43% to Rs 1862.60 crore in the year ended March 2026 as against Rs 1702.14 crore during the previous year ended March 2025. Sales rose 11.59% to Rs 15879.65 crore in the year ended March 2026 as against Rs 14229.99 crore during the previous year ended March 2025. First Published: Apr 30 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 30 2026 | 9:11 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ACC, Hindustan Unilever, Adani Ports and Special Economic Zone, Aster DM Healthcare, Bajaj Finserv, Central Bank of India, Capri Global Capital, Cholamandalam Investment and Finance Company, Edelweiss Financial Services, Eveready Industries India, Go Fashion (India), Godrej Agrovet, IDBI Bank, Ideaforge Technology, IndiaMART InterMESH, Indus Towers, Kajaria Ceramics, Dr. Lal PathLabs, Laurus Labs, Mazagon Dock Shipbuilders, National Aluminium Company, Newgen Software Technologies, National Securities Depository, R R Kabel, Smartworks Coworking Spaces, Sona BLW Precision Forgings will declare their results later today. Stocks to Watch: Force Motors reported a 35.93% year-on-year decline in consolidated net profit to Rs 278.52 crore in Q4 FY26, compared with Rs 434.71 crore in the corresponding quarter last year. Revenue from operations rose 8.23% to Rs 2,549.84 crore in Q4 FY26 as against Rs 2,356.01 crore in Q4 FY25. Bajaj Finance reported a 21.99% rise in consolidated net profit to Rs 5,464.57 crore on an 18.1% jump in total revenue from operations to Rs 21,605.79 crore in Q4 FY26 over Q4 FY25. Meanwhile, the company announced that Rajiv Bajaj will step down from the board and will not seek re-election at the AGM scheduled on 30 July 2026 and will cease to be a non-executive director upon the conclusion of the AGM. Adani Power (APL) reported a 64.33% surge in consolidated net profit to Rs 4,271.40 crore in Q4 FY26 as compared to Rs 2,599.23 crore recorded in Q4 FY25. Revenue from operations remained largely flat at Rs 14,223.09 crore in the quarter ended 31 March 2026, compared with Rs 14,237.40 crore in the corresponding quarter last year. Motilal Oswal Financial Services' consolidated net loss widened to Rs 221.28 crore in Q4 FY26 compared with net loss of Rs 64.77 crore in Q4 FY25. Total income jumped 122.8% YoY to Rs 2,692.25 crore in Q4 FY26. Federal Bank board approved the appointment of Manikandan M who is currently working as deputy vice president -II & Head financial reporting, as chief financial officer with effect from Friday, May 01, 2026. Venkatraman Venkateswaran, who is the current executive director & CFO will be relieved from the role of CFO with effect from the close of business hours on Thursday, April 30, 2026 and continue as executive director of the bank. Time Technoplast received an approval from Petroleum and Explosives Safety Organization (PESO) for the design and manufacturing of 250-litre high-pressure Type IV composite hydrogen cylinders intended for onboard applications in public transportation (buses) and goods carriers (trucks and trailers). First Published: Apr 30 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty April 2026 futures currently traded 3.50 points higher, suggesting a muted opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 2,468.42 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,262.17 crore in the Indian equity market on 29 April 2026, provisional data showed. The FIIs had sold shares worth Rs 62,087.60 crore in April (till 29 April 2026). This follows their cash sales of Rs 122,540.41 crore in March, Rs 6,640.78 crore in February and Rs 41,435.22 crore in January 2026. Global Markets: Asia markets mostly fell on Thursday, tracking overnight losses in key Wall Street benchmarks as oil prices extended gains amid a U.S. blockade of Iranian ports, while the Federal Reserve held interest rates steady. Oil climbed after a media report stated President Donald Trump had told aides to prepare for an extended blockade of Iran. Prices extended gains after another media article said that Trump rejected Irans proposal to reopen the Strait of Hormuz, signaling the U.S. naval blockade will remain until a deal addressing Tehrans nuclear program is reached. Brent crude rose about 1.96% to around $120 a barrel, while U.S. West Texas Intermediate added 0.2% to $107.09. Overnight on Wall Street, the Dow Jones Industrial Average ended Wednesday lower as oil prices continued their rally amid a U.S. blockade of Iranian ports and after the Federal Reserve left its key interest rate unchanged. The 30-stock index fell 280.12 points, or 0.57%, to close at 48,861.81 and notch a fifth straight losing day. The S&P 500 inched down 0.04% to close at 7,135.95, while the Nasdaq Composite crept up 0.04% to 24,673.24. Elevated oil prices "will push up overall inflation in the near term, Fed Chair Jerome Powell said during a press conference following the conclusion of the April Fed policy meeting. At its latest meet, the Federal Open Market Committee voted 8-4 to hold rates in a range of 3.5% to 3.75%. That marked the first time four FOMC members dissented since October 1992. To be sure, members expressed different reasons for their vote. Domestic Market: The equity benchmark indices Sensex and Nifty rebounded sharply on Wednesday, driven by buying in blue-chip stocks and firm cues from Asian market. Value buying emerged across key sectors after the previous sessions decline, while broadly stable earnings, helped steady sentiment. Attractive valuations, strong domestic inflows and bargain hunting supported the upmove. Optimism over a possible early resolution to the ongoing Middle East conflict also lifted investor confidence, with the Nifty 50 closing above the 24,150 mark, led by gains in FMCG and auto stocks. The S&P BSE Sensex climbed 609.45 points or 0.79% to 77,496.36. The Nifty 50 index jumped 181.95 points or 0.76% to 24,177.65. First Published: Apr 30 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 605.03% to Rs 14.03 crore For the full year,net profit rose 1376.39% to Rs 10.63 crore in the year ended March 2026 as against Rs 0.72 crore during the previous year ended March 2025. Sales rose 260.73% to Rs 19.66 crore in the year ended March 2026 as against Rs 5.45 crore during the previous year ended March 2025. First Published: Apr 30 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 111.80% to Rs 8480.25 crore For the full year,net profit rose 98.74% to Rs 3711.30 crore in the year ended March 2026 as against Rs 1867.39 crore during the previous year ended March 2025. Sales rose 83.72% to Rs 26536.77 crore in the year ended March 2026 as against Rs 14444.50 crore during the previous year ended March 2025. First Published: Apr 30 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 30 2026 | 8:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Texmaco Rail & Engineering has secured four orders worth a combined Rs 187.28 crore from Southern Railway for the provision of interlocking arrangements at 183 non-interlocked gates. Texmaco Rail & Engineering (TEXMACO) is a listed company and part of the Adventz Group. Texmaco is a key player in the railway and infrastructure sector. It operates across three business segments: Freight Cars, Rail Infrastructure & Green Energy and Infrastructure Electrical. The company reported a 44.65% decline in consolidated net profit to Rs 42.27 crore in Q3 FY26, compared to Rs 76.38 crore posted in Q3 FY25. Revenue from operations fell 21.45% year-on-year (YoY) to Rs 1,041.59 crore in the quarter ended 31 December 2025. The counter added 0.39% to Rs 106.38 on the BSE. First Published: Apr 30 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch today First Published: Apr 30 2026 | 8:13 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 30 2026 | 8:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to erase gains from previous session at open. Asian markets were trading on a negative note, which further weighed. First Published: Apr 30 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 30 2026 | 7:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 30 2026 | 7:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 30 2026 | 7:39 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices rise on Thursday Oil prices extended gains on Thursday on concerns supply from the key West Asia producing region will remain bottled up for longer as talks to end the US-Israeli war against Iran have deadlocked. Brent crude futures for June rose $1.91, or 1.62 per cent, to $119.94 a barrel as of 0057 GMT after gaining ?6.1 per cent in the previous session. The June contract, which has increased for a ninth day, expires on Thursday and the more active July contract was at $111.38, up 94 cents, or 0.85 per cent, after gaining 5.8 per cent in the previous session. US West Texas Intermediate futures for June were up 63 cents, or 0.59 per cent, at $107.51 a barrel, after climbing 7 per cent in the previous session, climbing in eight of nine sessions. US President Donald Trump spoke on Wednesday with oil companies about how to mitigate the impact of a possible months-long US blockade of Iran's ports, a White House official said on Wednesday, triggering concerns in the market of an extended disruption to ?oil supplies. "Prospects for any near-term resolution to the Iran conflict or a reopening of the Strait of Hormuz remain dim," IG market analyst Tony Sycamore said in a note. The meeting with oil companies followed a deadlock in efforts to resolve the conflict that has killed thousands and caused what analysts say is the world's biggest energy disruption ever. Tehran has largely blocked all shipping apart from its own from the Gulf through the Strait of Hormuz, a chokepoint for global energy supplies from the West Asia, since the US and Israel began air strikes on Iran on February 28. ?This month, the US began blockading Iranian ships. On the supply side, the Opec+ grouping of Opec countries and its allies is likely to agree a small increase of around 188,000 barrels per ?day in oil output quotas on Sunday, sources told Reuters. The meeting comes just after the United Arab ?Emirates' withdrawal from Opec, effective May 1, which is expected to deal a blow to the oil producer group's ability to control prices. Although the Gulf nation's exit would allow it ?to raise production after exports restart, analysts say that is unlikely to affect market fundamentals this year, especially with the Hormuz closure and other production disruptions from the war. "Gulf countries, including the ?UAE, will take months to return to pre-war production volumes," Wood Mackenzie analysts said in a note. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 30 2026 | 7:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Apr 30 2026 | 12:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HFCL outlook: Geojit expects the stock to rally to ?150 levels in the next 3 - 6 months. First Published: Apr 29 2026 | 9:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 29 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The party secured a complete sweep in Morbi and Porbandar, winning all 52 seats in each civic body. Polling was conducted in 15 of the 17 municipal corporations in the state, while elections in the remaining two are yet to be held. The BJP also retained control of major civic bodies including Ahmedabad, Surat, Vadodara, Rajkot, Jamnagar and Bhavnagar, along with several newly formed corporations such as Navsari, Gandhidham, Surendranagar, Mehsana, Anand, Nadiad and Vapi. In Ahmedabad, the BJP won 160 of the 192 seats, while the Indian National Congress secured 32 seats. In Surat, the BJP dominated with 115 out of 120 seats, leaving Congress with just one. In Rajkot, the BJP won 65 of 72 seats, while Congress managed seven. In Vadodara, the BJP secured 69 of 76 seats, with Congress winning six and one seat going to another candidate. The Aam Aadmi Party saw its presence shrink sharply, winning only four seats compared with 27 in the previous election. Polling also covered 84 municipalities, 34 district panchayats and 260 taluka panchayats, with more than 4.18 crore voters eligible to vote. The elections were conducted under revised norms for Other Backward Classes reservations, which involved extensive delimitation and ward restructuring across several districts. First Published: Apr 29 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to the Election Commission of India, these constituencies have a total of 3,21,73,837 registered voters, accounting for nearly 64% of the population of 5,00,13,786 in these areas. Polling began in the morning and will continue until 6 pm. More than 3.2 crore voters are expected to decide the fate of 1,448 candidates, including 220 women. A total of 41,001 polling stations have been set up. Of these, 8,845 are managed entirely by women and 13 by specially-abled personnel. Authorities have identified 4,388 booths as highly sensitive. Additional security forces and surveillance, including extra cameras, have been deployed. In the first phase held on 23 April 2026, West Bengal recorded a voter turnout of 92.72% across 152 constituencies. Counting of votes will take place on 4 May 2026. First Published: Apr 29 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty April 2026 futures currently traded 12.50 points higher, suggesting a flat opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 2,103.74 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,712.01 crore in the Indian equity market on 28 April 2026, provisional data showed. The FIIs had sold shares worth Rs 59,619.18 crore in April (till 28 April 2026). This follows their cash sales of Rs 122,540.41 crore in March, Rs 6,640.78 crore in February and Rs 41,435.22 crore in January 2026. Global Markets: Asia markets traded mixed Wednesday, after Wall Street declined overnight as investors assess the latest developments concerning OPEC, as well as a report that pointed to weakness in OpenAI. Japanese markets were closed for a holiday. The United Arab Emirates will exit OPEC on May 1, in a major blow to the cartel that coordinates production among many of the worlds largest oil producers, particularly those in the Middle East. Optimism around tech stocks took hit after a media report stated that OpenAIs revenue and new users growth was below its own targets. The report added that CFO Sarah Friar told the company leadership that she was concerned OpenAI may not be able to pay computing contracts in the future if its top line doesnt expand fast enough. Overnight in the U.S., The S&P 500 fell on Tuesday, weighed down by the report on OpenAI as well as a rise in oil prices. Traders await quarterly earnings from four of the Magnificent Seven stocks, as well as the conclusion of what could be Jerome Powells final policy meeting as Federal Reserve chair. The broad market index fell 0.49% to close at 7,138.80, while the tech-heavy Nasdaq Composite shed 0.9% and ended at 24,663.80. The Dow Jones Industrial Average slid 25.86 points, or 0.05%, to settle at 49,141.93. Domestic Market: The headline equity indices tumbled on Tuesday, as fragile investor sentiment deteriorated amid fading hopes of a quick resolution to the US-Iran conflict, which has sparked a surge in oil prices. Brent crude shot past the $110 per barrel mark, amplifying concerns. Sustained foreign fund outflows further battered sentiment, while volatility spiked ahead of the monthly Nifty 50 derivatives expiry. The Nifty 50 slipped below the 24,000 mark, dragged down by heavy selling in banking and auto stocks. Energy and metal shares, however, defied the broader weakness and ended higher. The S&P BSE Sensex dropped 416.72 points or 0.54% to 76,886.91. The Nifty 50 index fell 97 points or 0.40% to 23,995.70. First Published: Apr 29 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani Power, Bajaj Finance, Motilal Oswal Financial Services, Mphasis, Vedanta, Cemindia Projects, Federal Bank, Fino Payments Bank, Force Motors, Geojit Financial Services, Granules India, HEG, IIFL Finance, Indegene, Indian Bank, Indian Overseas Bank, Jana Small Finance Bank, KFin Technologies, MAS Financial Services, MOIL, Navin Fluorine International, RPG Life Sciences, Schaeffler India, Sterlite Technologies, Syngene International, Waaree Energies will declare their Q4 results later today. Stocks to Watch: AWL Agri Business reported a 53.5% year-on-year rise in consolidated net profit to Rs 292 crore in Q4 FY26, compared with Rs 190 crore in Q4 FY25. Revenue from operations increased 18% YoY to Rs 21,465 crore during the quarter, supported by 14% volume growth, driven by strong demand in the edible oil segment and expansion across channels. The company also crossed the Rs 74,000-crore mark in annual revenue in FY26. Fedbank Financial Services has reported 40.3% jump in net profit to Rs 100.5 crore on 17.5% increase in net total income to Rs 378 crore in Q4 March 2026 over Q4 March 2025. Net interest income (NII), the difference between interest earned and interest expended, rose 22.6% YoY to Rs 342.7 crore in Q4 FY26 from Rs 279.6 crore in the year-ago period. Bandhan Banks standalone net profit jumped 68% to Rs 530 crore on 3.2% increase in net total income to Rs 3,570 crore in Q4 March 2026 over Q4 March 2025. Net interest income (NII), the difference between interest earned and interest expended, rose 1.4% YoY to Rs 2,800 crore in Q4 FY26 from Rs 2,760 crore in the year-ago period. Net interest margin (NIM) stood at 6.2% in Q4 FY26, down 46 bps on a yearly basis and down 30 bps sequentially. Motherson Sumi Wiring India reported a 1.44% increase in net profit to Rs 167.30 crore on a 32.88% rise in revenue from operations to Rs 3,334.62 crore in Q4 FY26 over Q4 FY25. EBITDA stood at Rs 274 crore in Q4 FY26, registering a growth of 1.1% as compared with Rs 271 crore in Q4 FY25. The company has recommended a final dividend of Rs 0.58 per equity share of face value Rs 1 each for FY26, subject to shareholder approval at the companys upcoming annual general meeting. CEAT s consolidated net profit surged over two-fold to Rs 243.85 crore in Q4 FY26 compared with Rs 99.49 crore in Q4 FY25. Net sales jumped 23.3% YoY to Rs 4,218.89 crore in Q4 FY26. Blue Cloud Softech Solutions has signed MoU with Global Council for Investment and Business for Africa (GCIB) for Africa to develop a Digital Factory in Senegal and other technology-driven socio-economic projects in Senegal and other African countries. OneSource Specialty Pharmas Sterile Product Division (SPD) facility has received an EU GMP Certificate of compliance of a manufacturer from the competent German authority, the State Office for occupational safety, social affairs and health of Schleswig-Holstein, Germany. Ujjjivan Small Finance Bank (SFB)s board is scheduled to meet on 8 May 2026 to consider raising funds through QIP or other modes. First Published: Apr 29 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 29.06% to Rs 2119.21 crore For the full year,net profit rose 41.81% to Rs 747.93 crore in the year ended March 2026 as against Rs 527.40 crore during the previous year ended March 2025. Sales rose 37.95% to Rs 7002.16 crore in the year ended March 2026 as against Rs 5075.69 crore during the previous year ended March 2025. First Published: Apr 29 2026 | 9:08 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 49.44% to Rs 6.62 crore For the full year,net profit rose 419.35% to Rs 1.61 crore in the year ended March 2026 as against Rs 0.31 crore during the previous year ended March 2025. Sales rose 65.44% to Rs 22.50 crore in the year ended March 2026 as against Rs 13.60 crore during the previous year ended March 2025. First Published: Apr 29 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 9872.22% to Rs 17.95 crore For the full year,net profit rose 6367.57% to Rs 1188.74 crore in the year ended March 2026 as against Rs 18.38 crore during the previous year ended March 2025. Sales rose 155.58% to Rs 30.21 crore in the year ended March 2026 as against Rs 11.82 crore during the previous year ended March 2025. First Published: Apr 29 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 21.57% to Rs 647.23 crore For the full year,net profit rose 270.07% to Rs 337.69 crore in the year ended March 2026 as against Rs 91.25 crore during the previous year ended March 2025. Sales rose 3.11% to Rs 2793.12 crore in the year ended March 2026 as against Rs 2708.83 crore during the previous year ended March 2025. First Published: Apr 29 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rail Vikas Nigam (RVNL) announced that it has received a letter of acceptance (LoA) worth Rs 39.21 crore from NMDC for the construction of a residential campus in Hyderabad. The company also clarified that neither its promoters nor any group entities have any interest in NMDC, and the contract does not fall under related party transactions. RVNL, a Government of India enterprise, is engaged in implementing rail infrastructure projects across the country. As on December 2025, the Government of India held a 72.84% stake in the company. On a consolidated basis, the company reported a 3.65% rise in net profit to Rs 322.83 crore in Q3 FY26, compared to Rs 311.44 crore recorded in Q3 FY25. Revenue from operations rose 2.56% YoY to Rs 4,684.46 crore in Q3 December 2025. The counter rose 0.83% to Rs 308.50 on the BSE. NMDC is engaged in the exploration and production of iron ore along with diamond production and the sale of sponge iron and the generation and sale of wind power. The companys consolidated net profit declined 6.66% to Rs 1,756.59 crore on a 15.9% rise in revenue from operations to Rs 7,610.79 crore in Q3 FY26 over Q3 FY25. Shares of NMDC rose 0.51% to Rs 90.88 on the BSE. First Published: Apr 29 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 29 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 29 2026 | 7:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
stock market, BSE First Published: Apr 29 2026 | 7:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Iran war completes 2 months: Nifty target cut by brokerages First Published: Apr 29 2026 | 7:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Iran war completes 2 months: Nifty target cut by brokerages First Published: Apr 29 2026 | 7:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil at $114 isn't a spike—it’s a supply signal, writes Anindya Banerjee of Kotak Securities First Published: Apr 29 2026 | 7:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil at $114 isn't a spike—it’s a supply signal, writes Anindya Banerjee of Kotak Securities First Published: Apr 29 2026 | 7:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
VK Vijayakumar, Geojit Financial Services First Published: Apr 29 2026 | 7:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil price outlook: Risks are skewed towards upside First Published: Apr 29 2026 | 7:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Voting began on Wednesday in 142 constituencies in the second and final phase of the West Bengal assembly elections, amid unprecedented security arrangements and a high-stakes contest that could decide whether the ruling TMC retains its dominance over southern districts or the BJP can force open the gates of power in the state. Polling started at 7 am with voters lining up outside booths across Kolkata, Howrah, North and South 24 Parganas, Nadia, Hooghly and Purba Bardhaman - districts that together form the political and electoral core of the state. Unlike the first phase, where the BJP sought to defend its north Bengal gains, the final round shifts the battle squarely to the TMC's strongest belt. In 2021, the ruling party had won 123 of these 142 seats, leaving just 18 for the BJP and one for the ISF. That arithmetic explains why the BJP has treated this phase as its real test. Without breaching south Bengal, there is little route to power in the state. At the centre of the contest is Bhabanipur, Chief Minister Mamata Banerjee's political bastion, where she faces Leader of Opposition Suvendu Adhikari in a prestige battle seen as a symbolic rematch of Nandigram, where he had defeated her in 2021. A total of 3.21 crore electors, including 1.57 crore women and 792 third-gender voters, are eligible to cast their votes in this phase. Polling is being held at 41,001 stations, all of which are under webcasting surveillance. The Election Commission has deployed 2,321 companies of central forces across seven districts, with Kolkata receiving the highest deployment of 273 companies. As many as 142 general observers, 95 police observers and 100 expenditure observers have been deployed, while drones fitted with cameras are being used to monitor the polling process. The first phase on April 23 had recorded a turnout of 93.19 per cent - the highest ever in the state - and both camps have read that differently. The BJP sees it as a sign of anti-incumbency, while the TMC claims it reflects support for Banerjee's welfare politics and a renewed push for a fourth straight term. Yet, beyond rallies and roadshows, the most contentious issue of this phase remains the Special Intensive Revision (SIR) of electoral rolls. Large-scale deletions in south Bengal districts have kept the issue politically volatile - over 12.6 lakh names in North 24 Parganas, 10.91 lakh in South 24 Parganas and nearly 6.97 lakh in Kolkata alone. In at least 25 constituencies, the number of deleted names is higher than the previous victory margin. At the same time, 1,468 people whose names were restored following SIR-linked tribunal orders will be able to vote on Wednesday. While the TMC has called it targeted disenfranchisement of minorities, migrants and poor Bengali-speaking voters, the BJP has defended the exercise as necessary to remove bogus voters and infiltrators. Among other key constituencies are Kolkata Port, where Firhad Hakim is in the fray, besides Bhatpara, Jagatdal, Barrackpore, Bangaon, Dum Dum, Sandeshkhali, Ranaghat Uttar and Dakshin, Rashbehari, Jadavpur and Ballygunge. Counting of votes will take place on May 4. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 29 2026 | 7:09 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Prices trimmed some of the advances after UAE, the fourth-largest producer in Opec+, said it would exit the group on May 1 Oil prices closed up nearly 3 per cent on Tuesday as persistent worries about supply constraints from the closed Strait of Hormuz outweighed concerns about the United Arab Emirates' decision to leave Opec and the wider Opec+ group. Brent futures for June ended up $3.03 or 2.8 per cent at $111.26 a barrel, marking its seventh consecutive day of gains. US West Texas Intermediate (WTI) futures for June settled up $3.56 or 3.7 per cent at $99.93 a barrel, after briefly trading above $100 earlier in the session for the first time since April 13. Prices trimmed some of the advances after the ?United Arab Emirates, the fourth-largest producer in Opec+, said on Tuesday it would exit the group on May 1, dealing a blow to the oil-exporting groups and their de facto leader, Saudi Arabia. "In normal times, this would have been very bearish news for the oil market and sparked a sizable selloff," said John Kilduff, partner at Again Capital. He estimated the UAE could quickly add between 1 million and 1.5 million barrels per day of output. "But with the Strait of Hormuz effectively closed, there's nowhere for that supply to go ... so we're likely to see oil prices continue their slow march higher," he added. US President Donald Trump was unhappy with the latest Iranian proposal to end the war, a US official said on Monday, as Iranian sources disclosed that the proposal would avoid addressing the nuclear programme until hostilities cease and Gulf shipping disputes are resolved. Trump's displeasure with the offer leaves the conflict deadlocked, with Iran shutting shipping flows through the strait, a conduit for about 20 per cent of global oil and liquefied natural gas supplies, and the US retaining its blockade of Iranian ports. "With peace talks stalled and no clear path to ?reopening the Strait of Hormuz, traders are factoring in a prolonged disruption to a critical artery of global supply," said Rystad Energy analyst Jorge Leon. An earlier round of negotiations between the United States and Iran collapsed last week after face-to-face talks failed. Ship-tracking data showed significant disruptions in the region, with six Iranian oil tankers forced to turn back due to the US blockade, but some traffic is still moving. The Idemitsu Maru, a Panama-flagged tanker carrying 2 million barrels of Saudi oil, and an LNG tanker managed by the United Arab Emirates' Abu Dhabi National Oil Co (Adnoc) crossed the Strait on Tuesday, shipping data showed. The Adnoc tanker was the first loaded LNG tanker to cross since the Iran war started on February 28. Prior to the US-Israeli war on Iran, which began on February 28, between 125 and 140 vessels transited the strait daily. The amount of crude oil held around the world on tankers that have been stationary for at least seven days rose to 153.11 million barrels as of April 24, Vortexa data ?shows. That figure is the highest since January, and up 25 per cent from 122.60 million on April 17. The World Bank said on Tuesday that global energy prices could rise 24 per cent in 2026 to their highest level since Russia's invasion of Ukraine, even if the most severe West Asia supply disruptions ease by May. Its baseline assumes shipping through the ?Strait of Hormuz gradually recovers by October, but it said the risks were "markedly tilted" toward higher prices. In the United States, gasoline prices climbed to their highest in nearly four years, ?AAA data showed. Later in the day, market sources citing American Petroleum Institute figures said the US had drawn down 8.67 million barrels of gasoline in the week ended April 24, while crude oil inventories also declined. The drawdown was sharply higher than the nine analysts polled by Reuters estimated. The US Energy Information ?Administration will release its own storage reports on Wednesday. A Ukrainian drone attack sparked a major blaze at Russia's Tuapse refinery, which has annual production capacity of 240,000 barrels per day, turning out naphtha, diesel, fuel oil and vacuum gasoil. Meanwhile, China may resume fuel exports in May after state oil firms applied for permits to ship ?gasoline, diesel and jet fuel, the Financial Times reported, citing traders. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 29 2026 | 6:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 29 2026 | 6:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities First Published: Apr 29 2026 | 6:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 29 2026 | 6:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 28 2026 | 11:02 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 28 2026 | 10:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Coal India added 3.94% to Rs 470.75 after the company reported a 12.9% jump in consolidated net profit to Rs 10,839.18 crore on 5.75% rise in revenue from operations to Rs 46,490.03 crore in Q4 FY26 over Q4 FY25. EBITDA stood at Rs 17,917 crore in Q4 March 2026, registering the growth of 12% compared with Rs 16,040 crore in Q4 March 2025. EBITDA on revenue from operations improved to 39% in Q4 FY26 as against 36% in Q4 FY25. The coal production declined 1% to 239 million tonnes (MT) in Q4 Fy26 compared with Rs 237.69 MT in Q4 FY25. Coal offtake slipped 2% YoY to 199.14 MT in Q4 FY26. The companys overall average coal realization during the quarter increased 6% to Rs 2,289.58 per tonne from a year ago to Rs 2,170.66 per tonne while overall sales quantity fell 1% YoY to 198.83 MT. Meanwhile, the companys board declared a final dividend of Rs 5.25 per equity share on the face value of Rs 10 each for FY26. Coal India is mainly engaged in mining and production of coal and also operates coal washeries. The major consumers of the company are the power and steel sectors. Consumers from other sectors include cement, fertilizers, and brick kilns. First Published: Apr 28 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On Monday, the rupee had settled at 94.15 against the American currency The rupee depreciated 24 paise to 94.39 against the US dollar in early trade on Tuesday, weighed down by elevated crude oil prices and month-end dollar demand amid a broader shift toward safe-haven assets. Forex traders said Brent oil continued to move higher at $109 per barrel, keeping India's position vulnerable. Moreover, factors such as unabated foreign capital outflows amid rising geopolitical uncertainties dented investor sentiments further. At the interbank foreign exchange market, the rupee opened at 94.35 against the US dollar, then lost some ground and touched 94.39 against the US dollar in initial trade, registering a fall of 24 paise over its previous close. On Monday, the rupee had settled at 94.15 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.49. Brent crude, the global oil benchmark, was trading higher by 0.99 per cent at $109.30 per barrel in futures trade. The Indian rupee seems to be standing at a crossroads, not weak enough to fall, not strong enough to rise, said CR Forex Advisors MD Amit Pabari. Meanwhile, Goldman Sachs has raised its oil price forecast to $94.39 per barrel, while trimming India's 2026 growth forecast to 5.9 per cent. "When growth expectations soften at the same time, it reduces the cushion the currency usually enjoys," Pabari added. According to Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP, rising crude oil prices are keeping India's position vulnerable. "We have come to the end of the month, and the month-end demand could keep $higher in the coming two days," Bhansali added. On the domestic equity market front, the 30-share benchmark index Sensex was trading 68.28 points or 0.09 per cent lower at 77,235.35, while the broader Nifty was trading up 14.25 points or 0.06 per cent at 24,029.25. Foreign Institutional Investors offloaded equities worth Rs 1,151.48 crore on Monday, according to exchange data. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 28 2026 | 10:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nippon Life India Asset Management Q4 results First Published: Apr 28 2026 | 10:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adds estimated gross development value of Rs 600 cr With the addition of these projects, carrying an estimated Gross Development Value (GDV) of approximately 600 crore, the company's total construction pipeline now exceeds 10 lakh sq. ft., with a cumulative estimated GDV of over 1,000 crore. This reinforces its strategy to strengthen presence across premium, high-demand residential corridors of the city. First Published: Apr 28 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian rupee dived deeper in opening trades on Tuesday, towards record low levels as investors react to the latest developments in U.S.-Iran negotiations and await cues from a series of central bank meetings, including the Federal Reserve's policy decision on Wednesday. Oil prices firm around $100 mark amid ongoing turmoil is keeping rupee under pressure. INR opened at Rs 94.35 per dollar and hit a low of 94.48 so far during the day. Yesterday, the counter ended at 94.15. Local equities are also staying more or less as U.S. President Donald Trump and his national security team on Monday discussed Iran's proposal to reopen the Strait of Hormuz, but it remains unclear whether Trump would accept the proposal. In opening trades, the 30-share BSE Sensex shed 208.84 points to open at 77,094.79, while the Nifty 50 fell 42.8 points to start at 24,049.90. First Published: Apr 28 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Surya Roshni rose 2.14% to Rs 243.90 after the company announced that it has bagged two export orders aggregating Rs 86 crore from the United States of America. Surya Roshni, incorporated in 1973, has emerged as Indias largest ERW pipes exporter, largest GI pipes producer, and the second largest in the lighting segment. Its focus is on developing a value-added product mix (3LPE coated pipes and alkyd pipes). The company's consolidated net profit slipped 11.35% to Rs 79.69 crore in Q3 FY26 as against Rs 89.9 crore in Q3 FY25. However, revenue from operations rose 3.18% year on year to Rs 1,927.49 crore in Q3 FY26. First Published: Apr 28 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The cement major reported a 20.17% year-on-year (YoY) rise in consolidated net profit to Rs 2,982.76 crore on an 11.86% increase in revenue from operations to Rs 25,799.47 crore in Q4 FY26 over Q4 FY25. Net sales stood at Rs 25,467 crore for the quarter, reflecting an 11.76% increase from Rs 22,788 crore in the same period last year. The company reported profit before exceptional items and tax of Rs 3,992.85 crore in Q4 FY26, compared to Rs 3,120.96 crore recorded in the same period a year ago. The firm reported exceptional items of Rs 10.94 crore during the quarter. Profit before interest, depreciation, and tax (PBIDT) stood at Rs 5,688 crore in Q4 FY26, registering growth of 20.48% from the Rs 4,721 crore reported in Q4 FY25. Operating margin expanded to 22%, a 200-basis point improvement year-on-year. UltraTechs operational performance remained strong across segments. Grey cement sales volume in India rose 9.3% YoY to 42.41 million tonnes, supported by sustained demand from housing, infrastructure, and commercial construction sectors. Capacity utilisation improved to 89%, underscoring healthy demand conditions. Operating PBIDT per tonne improved 11% YoY to Rs 1,253, supported by contributions from India Cements operations under the UltraTech brand. On the cost front, cost optimisation initiatives continued to deliver results. Energy costs declined 3% YoY, aided by a higher green power mix, which increased to 43% from 34.4% last year, along with improved alternative fuel usage and better operational efficiency. Total cost per tonne fell 2% YoY, despite external pressures from geopolitical tensions in West Asia, which impacted fuel, freight, and packaging costs. The companys diversified sourcing and procurement strategy helped mitigate these headwinds. White cement and value-added products also delivered strong performance, with white cement volumes growing 15.3% YoY in Q4 FY26. During the year, UltraTech expanded its installed capacity to around 197 MTPA and has since crossed the 200 MTPA milestone, driven by greenfield and brownfield expansions at Shahjahanpur, Patratu, and Visakhapatnam. The company incurred Rs 9,600 crore in capex during FY26 and plans to invest Rs 16,000 crore over the next three years to expand capacity beyond 240 MTPA. Its upcoming cables and wires business is progressing as planned, with civil work underway and commissioning targeted for Q3 FY27, marking a strategic diversification for the company. UltraTechs total capital employed now exceeds Rs 1,07,000 crore, while net debt-to-EBITDA improved to 0.94x as of March 31, 2026, reflecting strong financial discipline. On a full-year basis, the company's consolidated net profit jumped 35.21% to Rs 8,165.64 crore on a 16.53% rise in revenue to Rs 88,511.53 crore in FY26 over FY25. UltraTech's net debt at the end of FY26 was Rs 16,620 crore, a reduction from the Rs 17,669 crore reported at the end of FY25. Meanwhile, the board has recommended a special dividend of 2400%, equivalent to Rs 240 per equity share of face value Rs 10 each for FY26, subject to approval of the members at the ensuing annual general meeting (AGM). UltraTech Cement is the cement flagship company of the Aditya Birla Group. It is the third-largest cement producer in the world, outside of China, with a consolidated gray cement capacity of 154.86 mtpa. Shares of UltraTech Cement fell 1.12% to Rs 11,879 on the BSE. First Published: Apr 28 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Supreme Industries rose 1.02% to Rs 3,728.82 after the company reported a consolidated net profit of Rs 433.57 crore in Q4 FY26, up 47.50% YoY from Rs 293.94 crore in Q4 FY25. Profit before tax stood at Rs 553.03 crore in the Q4 FY26, registering a growth of 50.63%. Operating profit jumped 49.59% YoY to Rs 623.50 crore during the period under review. Operating profit margin stood at 17.63% in Q4 FY26, compared to 13.71% in Q4 FY25. The company has a total cash surplus of Rs 648 crore as of 31st March 2026 as against a cash surplus of Rs 944 crore as of 31st March 2025. The overall turnover of value-added products increased to Rs 4,677 crore as compared to Rs 4,060 crore in the previous year, registering a growth of 15%. Supreme Industries has proposed to commit capex of over Rs 1,000 crore during FY2627, including carry-forward commitments from the previous year. The planned capex is primarily aimed at strengthening manufacturing capabilities, expanding capacity, enhancing product offerings, and advancing sustainability initiatives. The investment will help increase the companys annual installed capacity by nearly 1.1 lakh MT, taking total capacity to 1.35 million MTPA. The entire capex will be funded through internal accruals. The capex will be deployed across greenfield projects for plastic piping systems at Patna, Jammu, and Gadegaon, along with a new facility for material handling products at Malanpur in Madhya Pradesh. It will also support brownfield expansions at multiple existing locations, including balancing equipment additions and debottlenecking initiatives to improve operational efficiencies. Further, funds will be used for expanding the product portfolio through new SKUs across business divisions, replacing select old equipment with modern energy-efficient machinery to enhance productivity and cost efficiency, and investing in sustainability initiatives such as increased use of renewable energy, water conservation measures, and other environment-friendly projects. M. P. Taparia, managing director, Supreme Industries, said, The financial year 202526 was a challenging year marked by volatility in raw material prices, prolonged unseasonal rainfall, subdued infrastructure spending, and geopolitical uncertainties. PVC resin price volatility and extended monsoon conditions impacted demand, particularly in the agriculture segment. Despite these challenges, the company delivered healthy volume growth across its diversified product portfolio, underpinned by its strong domestic market orientation, wide product range, robust distribution network, and disciplined execution. The Plastic Piping Systems business retained its leadership position, aided by continued expansion of value-added products, launch of new systems, and capacity augmentation across various locations. The company further expanded its portfolio by introducing new SKUs and systems catering to diverse applications, in line with the evolving requirements of a growing economy. With a wider range of electrofusion and olefin fittings, the company entered the industrial piping systems segment, thereby opening additional business opportunities. During the year, the government announced large infrastructure investments, which are expected to support demand for water supply networks under the Har Ghar Jal initiative and the expansion of Piped Natural Gas (PNG) infrastructure for household usage. The company continued to implement a prudent and well-defined business strategy, anchored on five key pillars: innovation, smart manufacturing, strong relationships with channel partners, effective customer service, and deeper reach across the country. The company is happy to announce that its new product segment in the Windows & Doors division at Kanpur Dehat in U.P. has gone into production effective 1st March 2026. The product is well received by the market. The company expects to sell the capacity by next year, which will also enable it to expand capacity at the same site. The company's consumer and packaging businesses delivered stable to encouraging performance, with targeted product innovations, customer diversification, and a focus on value-added offerings. The industrial segment, however, continued to witness a demand slowdown from OEM customers. Export performance witnessed moderation due to geopolitical developments and tariff-related disruptions; however, the company remains optimistic and is making focused efforts to boost exports of company products to avail the emerging opportunities with many free trade agreements already signed by India and some that are in progress, which would enable the country to boost exports of manufactured goods. Looking ahead, the Indian economy remains well positioned for sustained growth driven by domestic consumption, infrastructure development, and policy support. With its strong balance sheet, zero debt, expanding manufacturing base, technology leadership, and diversified business model, the company is confident of delivering improved performance in the coming year and creating long-term value for all stakeholders. Meanwhile, the board of the company has also approved a dividend of Rs 25 per equity share of face value Rs 2 each. Those shareholders who have shares of the company in their demat accounts as of June 26, 2026, will be eligible for this dividend payout. Supreme Industries is engaged mainly in the production of plastic products and operates in various product categories like plastic piping systems, cross-laminated films & products, protective packaging products, industrial molded components, molded furniture, storage & material handling products, performance packaging films, and composite LPG cylinders. First Published: Apr 28 2026 | 10:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 28 2026 | 9:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 28 2026 | 9:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market Highlights: the Nifty50 and the Sensex ended near day's high as traders hoped for a resolution in the US-Iran war post news of latter's new peace proposal. First Published: Apr 28 2026 | 9:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 28 2026 | 9:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Monday met Dave Ernsberger, President of S & P Global, and discussed global energy trends, supply resilience, and India's ongoing transition towards sustainable energy sources. In a post on X, Puri said, "Had a productive meeting with Dave Ernsberger, President, S & P Global. Our discussions centered on the demand supply situation in global energy markets and ways to build resilient energy supply chains. India is moving aggressively on Green Hydrogen, biofuel blending, and a range of alternative fuels, while simultaneously accelerating domestic exploration and production efforts." He added that these initiatives are aimed at building "a resilient, sustainable, and future-ready energy ecosystem for the nation," highlighting India's dual approach of strengthening conventional energy production while expanding clean energy alternatives. Earlier, Pushkar Singh Dhami met Puri at Kartavya Bhavan in New Delhi and raised concerns regarding energy supply requirements in the hill state. The Chief Minister requested that the supply of commercial LPG cylinders be maintained at 100 per cent to ensure the smooth conduct of the Char Dham Yatra. Highlighting Uttarakhand's vulnerability to natural disasters, particularly during the monsoon months from June to September, the Chief Minister also sought an additional five per cent allocation of commercial LPG cylinders, amounting to around 48,397 cylinders. He said the additional supply would be critical for disaster management and relief operations, especially given the state's challenging terrain. Dhami further emphasised that Uttarakhand's economy is heavily dependent on tourism, with religious and adventure tourism playing a vital role. The Char Dham Yatra, he said, remains central to the state's cultural and economic framework, making uninterrupted energy supply essential. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 28 2026 | 9:10 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Steel Authority of India (SAIL) are banned from F&O trading on 28 April 2026. Results to Watch: Stocks to Watch: Bajaj Housing Finance reported a 14.1% increase in standalone net profit to Rs 669.19 crore on 15.9% jump in total income to Rs 2,902.70 crore in Q4 FY26 over Q4 FY25. Coal India reported a 12.9% jump in consolidated net profit to Rs 10,839.18 crore in Q4 FY26 compared with Rs 9,604.02 crore in Q4 FY25. Revenue from operations climbed 36.1% YoY to Rs 46,490.03 crore in Q4 FY26. Adani Total Gas reported a 8.9% rise in consolidated net profit to Rs 168.34 crore on 16.1% increase in net sales to Rs 1557.22 crore in Q4 FY26 over Q4 FY25. AU Small Finance Bank (SFB) reported a standalone net profit of Rs 831.87 crore in Q4 FY26, up 65.15% as against Rs 503.70 crore posted in Q4 FY25. Total income surged 14.29% to Rs 5,750.09 crore in Q4 FY26, compared with Rs 5031.27 crore posted in Q4 FY25. Surya Roshni has announced that it has bagged two export orders aggregating Rs 86 crore from the United States of America for supply of ERW steel and ERW carbon steel pipes. Central Bank of India announced that its board will meet on 30 April 2026 to consider a fundraising plan through a further public offer (FPO), rights issue, Qualified Institutional Placement (QIP) or bonds. Huhtamaki India appoints Amit Gupta as chief financial officer (CFO) with effect from 28 April 2026, Anil Kaul ceases to be CFO. First Published: Apr 28 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty April 2026 futures currently traded 118.50 points lower, suggesting a negative opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 1,151.48 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,123.92 crore in the Indian equity market on 27 April 2026, provisional data showed. The FIIs had sold shares worth Rs 57,515.44 crore in April (till 27 April 2026). This follows their cash sales of Rs 122,540.41 crore in March, Rs 6,640.78 crore in February and Rs 41,435.22 crore in January 2026. Global Markets: Asia markets traded mixed on Tuesday as investors weighed developments in U.S.-Iran negotiations. U.S. President Donald Trump and his national security team on Monday discussed Irans reported offer to reopen the Strait of Hormuz, contingent on the U.S. lifting its blockade and ending the conflict, according to White House press secretary Karoline Leavitt. It remains unclear whether Trump, who has said sanctions relief would come only once a deal is 100% complete, is willing to consider the proposal as a pathway to de-escalation in the two-month-long conflict. Overnight in the U.S., the S&P 500 and the Nasdaq Composite rose to new record highs but gains were limited as stalled Iran peace talks and a fresh escalation in the Strait of Hormuz pushed oil prices higher. The broad market index added 0.12% and closed at a record level of 7,173.91. The Nasdaq Composite gained 0.20% and notched a closing record of 24,887.10. Both indexes also reached new all-time highs in the session. The Dow Jones Industrial Average fell 62.92 points, or 0.13%, to settle at 49,167.79. Domestic Market: Domestic equity benchmarks snapped a three-day losing streak on Monday, ending sharply higher as sentiment improved on easing geopolitical concerns and steady Q4 earnings updates. Reports that Iran had proposed a plan to the United States to reopen the Strait of Hormuz helped calm fears of supply disruptions, lifting global cues and investor confidence. The Nifty 50 settled above the 24,050 mark, led by gains in pharma and consumer durables stocks, while all sectoral indices on the NSE closed in the green. The S&P BSE Sensex jumped 639.42 points or 0.63% to 77,303.63. The Nifty 50 index advanced 194.75 points or 0.81% to 24,092.70. In the previous three sessions, the Sensex and Nifty declined 3.29% and 2.76%, respectively. First Published: Apr 28 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 21.34% to Rs 1233.20 crore For the full year,net profit rose 24.34% to Rs 1223.82 crore in the year ended March 2026 as against Rs 984.23 crore during the previous year ended March 2025. Sales rose 15.98% to Rs 4422.80 crore in the year ended March 2026 as against Rs 3813.57 crore during the previous year ended March 2025. First Published: Apr 28 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 81.44% to Rs 0.18 crore For the full year,net loss reported to Rs 1.03 crore in the year ended March 2026 as against net loss of Rs 1.06 crore during the previous year ended March 2025. Sales declined 68.66% to Rs 1.57 crore in the year ended March 2026 as against Rs 5.01 crore during the previous year ended March 2025. First Published: Apr 28 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 6.00% to Rs 57.03 crore For the full year,net profit declined 31.93% to Rs 18.48 crore in the year ended March 2026 as against Rs 27.15 crore during the previous year ended March 2025. Sales declined 1.70% to Rs 231.63 crore in the year ended March 2026 as against Rs 235.63 crore during the previous year ended March 2025. First Published: Apr 28 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.54% to Rs 158.52 crore For the full year,net profit declined 17.42% to Rs 38.36 crore in the year ended March 2026 as against Rs 46.45 crore during the previous year ended March 2025. Sales rose 25.74% to Rs 410.77 crore in the year ended March 2026 as against Rs 326.67 crore during the previous year ended March 2025. First Published: Apr 28 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RailTel Corporation of India announced that it has received the Letter of Acceptance (LoA) worth Rs 145.47 crore from Eastern Coalfields. RailTel stated that the project is slated for completion by 2 May 2031. RailTel Corporation of India was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways. The companys standalone net profit declined 4.07% to Rs 62.40 crore in Q3 FY26, compared with Rs 65.05 crore in Q3 FY25. However, revenue from operations rose 18.99% YoY to Rs 913.45 crore in Q3 FY26. The scrip advanced 2.53% to Rs 323.95 on the BSE. First Published: Apr 28 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asian stocks held near record highs and the dollar was muted on Tuesday as investors weighed the geopolitical maelstrom in the West Asia and braced for megacap earnings and a slate of central bank meetings, with the Bank of Japan due later in the day. While the US was reviewing Tehran's latest proposal to resolve the war in the West Asia, a US official said President Donald Trump was unhappy with the proposal because it did not address Iran's nuclear ?program. That leaves the two-month-long conflict in a stalemate with energy and other supplies through the critical Strait of Hormuz at a standstill. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.12 per cent, hovering near the record high it touched on Monday. The index is on course for a 17 per cent rise in April after dropping 13.5 per cent in March. Japan's Nikkei was down 0.5 per cent after scaling a fresh record peak in the previous session. The S&P 500 eked out modest gains on Monday, poised for about 10 per cent gain for the month. US stock futures were 0.1 per cent higher in Asian hours on Tuesday. Global monetary policy will be in the spotlight this week as the BOJ, the US Federal Reserve, the Bank of England and the European Central Bank are due to announce policy decisions. All are expected to stand pat on rates but attention will be on comments from policymakers on the impact of the war on prices. The BOJ is widely expected to hold off raising interest rates on Tuesday, but drop hawkish signals to ?leave itself scope to push up borrowing costs in coming months to counter inflationary pressure from the West Asia conflict. Markets are focusing on the BOJ's quarterly outlook report and comments from Governor Kazuo Ueda for clues on how the protracted Iran war affects its rate-hike path. The yen was at 159.33 per US dollar, still near the 160 level that traders have been worried about as a breach beyond it might spur Tokyo to step in to support the currency. The yen has been straddling 159 since early March. "The BOJ is likely to stay highly sensitive to market volatility," said Fred Neumann, chief Asia economist at HSBC. "Our base case remains one single 25 basis point hike this year in July, but a June rate rise becomes more likely if the Strait of Hormuz is still effectively closed after mid-May." The euro was steady at $1.1725, with the dollar index, which measures the US currency against six ?major units, at 98.452. The dollar benefited in March from safe-haven flows as the war erupted but shed most of those gains on hopes of a peace deal this month. It has steadied in recent days after US-Iran talks stalled. The war has also sent oil prices surging, fuelled inflation and cast a ?shadow over the outlook for global growth, with the closure of the strait, which normally carries a fifth of global oil and gas shipments, a key risk. Brent ?crude futures edged up to $108.13 a barrel, near a three-week high. US West Texas Intermediate was at $96.48. Oil prices are well above the pre-war levels but have come down from their peak on hopes for a peace deal. Investors are also focusing this week on earnings from tech giants ?Microsoft, Alphabet, Amazon, Meta Platforms and Apple that will be a test for the blistering AI-driven rally in April. Anthony Saglimbene, chief market strategist at Ameriprise, said the earnings will provide the market with a real-time read on whether AI investment is translating into commercial results. "The divergence between equity market ?optimism and the more cautious signals from bond and oil markets, however, reinforces the view that geopolitical developments remain an active and important variable in risk management," said Saglimbene. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 28 2026 | 8:01 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 28 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch today First Published: Apr 28 2026 | 7:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected open on a negative note. First Published: Apr 28 2026 | 7:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 28 2026 | 7:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 28 2026 | 7:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HUL to announce Q4 results, final dividend on Thursday First Published: Apr 28 2026 | 7:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
DSP MF CEO Kalpen Parekh explains why FY27 may reward patience, not aggression. First Published: Apr 28 2026 | 7:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 28 2026 | 6:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reliance Industries reported a mixed performance for the March quarter, with profit declining even as revenue growth remained strong across key segments. Gross revenue rose 12.9% YoY to Rs 325,290 crore, supported by robust momentum in its oil-to-chemicals (O2C), digital services and retail businesses. However, the oil and gas segment weighed on overall performance due to a natural decline in KG-D6 gas production. EBITDA remained stable at Rs 48,588 crore during the quarter, as strong earnings growth in digital services and a positive contribution from retail were offset by weakness in energy businesses. On the cost front, depreciation increased 9.9% YoY to Rs 14,808 crore, while finance costs rose 7.0% YoY to Rs 6,585 crore, primarily due to the operationalisation of 5G spectrum assets. Tax expenses declined marginally by 1.3% YoY to Rs 6,579 crore. For the full year FY26, profit after tax including associates and JVs rose 17.8% YoY to Rs 95,754 crore. Gross revenue increased 9.8% YoY to Rs 11,75,919 crore, while EBITDA grew 13.4% YoY to Rs 207,911 crore. Annual depreciation rose 8.6% YoY to Rs 57,688 crore, driven by higher charges in the digital services business. Finance costs climbed 11.5% YoY to Rs 27,061 crore, again linked to 5G investments, while tax expenses increased 9.2% YoY to Rs 27,552 crore. Capital expenditure for the year stood at Rs 144,271 crore, reflecting continued investments across O2C, retail, telecom and new energy initiatives. Chairman Mukesh Ambani said the company navigated a challenging macro environment marked by geopolitical tensions, volatile energy prices and shifting global trade dynamics, supported by its diversified and domestically focused portfolio. Segment Performance (Q4 FY26): Jio Platforms delivered strong growth during the quarter, with revenue rising 12.7% YoY to Rs 44,928 crore and profit increasing 13% YoY to Rs 7,935 crore. EBITDA grew 17.9% YoY to Rs 20,060 crore, supported by subscriber additions, higher ARPU and margin expansion. ARPU stood at Rs 214, up 3.8% YoY, aided by better subscriber mix and engagement, though partly impacted by fewer days in the quarter. The subscriber base crossed 524 million, including 268 million 5G users. Reliance Retail also posted steady growth, with revenue rising 10.8% YoY to Rs 98,232 crore. EBITDA came in at Rs 6,921 crore, up 3.1% YoY, while profit rose marginally by 0.5% YoY to Rs 3,563 crore. The business added 1,564 stores during FY26, taking the total count to 20,160, while its customer base expanded to 387 million. The O2C segment saw revenue increase 12.4% YoY to Rs 184,944 crore, aided by higher crude prices and improved domestic fuel volumes. However, EBITDA declined 3.7% YoY to Rs 14,520 crore due to elevated feedstock costs, higher freight and insurance expenses, under-recoveries in fuel retailing, and the impact of export duties. In the oil and gas segment, revenue fell 8.9% YoY due to lower gas price realisations and reduced volumes from KG-D6. EBITDA declined 18.1% YoY to Rs 4,195 crore, impacted by higher operating costs and government levies. Meanwhile, the JioStar business reported revenue of Rs 9,784 crore and EBITDA of Rs 827 crore for the quarter, with strong traction in digital streaming and broadcast viewership. Reliance Industries is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. The counter was trading up 1% at Rs 1339.90 on the BSE. First Published: Apr 27 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahindra & Mahindra Financial Services advanced 5.46% to Rs 79.25 after the company's standalone net profit jumped 55.02% to Rs 872.98 crore in Q4 FY26 as against Rs 536.14 crore reported in Q4 FY25. Profit before tax was at Rs 1,161.34 crore in Q4 FY26, up 53.68% from Rs 755.66 crore posted in Q4 FY25. Net interest margin (NIM) in Q4 FY26 stood at Rs 2,739 crore, up 27% YoY. The NIM margin was at 7.5% in Q4 FY26, compared with 6.5% for Q4 FY25. Disbursement during the quarter was at Rs 17,184 crore, registering a growth of 11% YoY. The collection efficiency improved to 98% in Q4 FY26 as against 97% in Q4 FY25, driven by renewed momentum in collection on account of new stack adoption, digital workflows, data-led prioritization, and sharper focus on early delinquencies. The companys capital adequacy remained healthy at 18.8%, with Tier-1 capital at 16.7%. Provision coverage on GS3 stood at 59%, supported by the creation of management overlays. The total liquidity buffer remained comfortable at over Rs 9,100 crore. Asset quality improved both sequentially and on a YoY basis, with Stage 3 assets at 3.4% and Stage 2 assets at 4.8%, indicating gradual portfolio normalization and better slippage control. Quarterly disbursements remained healthy at Rs 17,184 crore, registering 11% YoY growth amid geopolitical headwinds, while demand momentum remained positive following GST rate cuts. Tractor disbursements grew 63% YoY during the quarter, driven by the companys focus on profitable growth. Business assets grew 12% YoY to Rs 134,096 crore, led by tractors, passenger vehicles (PVs), and MSME-led secured lending products. On a consolidated basis, profit after tax (PAT) stood at Rs 940 crore for the quarter, as against Rs 456 crore in the year-ago period. Total income increased by 14% to Rs 5,560 crore for the quarter ended March 31, 2026, compared with Rs 4,897 crore in the corresponding quarter last year. Raul Rebello, MD & CEO, Mahindra Finance said: "This years progress across growth, margins, and risk was driven by disciplined execution and resulted in a tangible step-up in profitability. Continued investments in our core vehicle franchise, new growth categories, and technology will support sustainable growth and profitability." Mahindra & Mahindra Financial Services Ltd (Mahindra Finance) has recommended a dividend of Rs 7.50 per equity share of face value Rs 2 each (375%) for the financial year ended 31 March 2026. The dividend, if approved by shareholders at the annual general meeting (AGM) scheduled for Tuesday, 21 July 2026, will be paid thereafter through permitted modes to eligible shareholders or their authorized mandates. Mahindra & Mahindra Financial Services (Mahindra Finance), part of the Mahindra Group, is one of Indias leading non-banking finance companies. Focused on the rural and semi-urban sector, the company has over 12 million customers. The company is a leading vehicle and tractor financier, provides loans to SMEs, and also offers fixed deposits. The company has 1,348 offices and reaches out to customers spread over 518,000 villages and 8,000 towns across the country, transforming more than 1.2 crore lives. First Published: Apr 27 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IDFC FIRST Bank rose 2.26% to Rs 68.75 after the bank's standalone net profit rose 4.9% to Rs 318.94 crore on 7.73% increase in total income to Rs 12,182.81 crore in Q4 March 2026 over Q4 March 2025. The incident relates to a fraud detected in February 2026 at its Chandigarh branch involving unauthorised transactions in certain Haryana government-linked accounts, with an initial discrepancy of around Rs 590 crore. The issue was linked to alleged collusion by some employees and external entities and was confined to a specific set of accounts. The bank said it has completed reconciliation and settled claims, with no further discrepancies identified. Net interest income (NII), the difference between interest earned and interest expended, rose 15.7% YoY to Rs 5,677 crore in Q4 FY26 from Rs 4,907 crore in the year-ago period. Core operating profit (excluding trading income) declined 7.8% YoY to Rs 1,492 crore, while net interest margin (NIM) stood at 5.93% in Q4 FY26, down 2 bps on a yearly basis but up 18 bps sequentially. The cost of funds improved to 6.00%, down 51 bps YoY and down 11 bps QoQ. Asset quality improved during the quarter. Gross NPAs stood at Rs 4,558.52 crore as of March 2026, compared with Rs 4,614.14 crore in December 2025 and Rs 4,433.58 crore a year ago. The gross NPA ratio declined to 1.61% as on March 2026 as against 1.69% as on December 2025 and 1.87% as on March 2025. Net NPAs came in at 0.48%, improving from 0.53% in both the previous quarter and the same period last year. SMA 1 and 2 (retail, rural and MSME) also improved to 0.78%, indicating better early-stage asset quality trends. Provisions and contingencies declined sharply by 40.07% YoY to Rs 869.24 crore. Provisions as a percentage of loans fell to 1.63% in Q4 FY26 from 2.05% in Q3 FY26, while provisions as a percentage of total assets declined to 1.18% in Q4 FY26 from 1.45% in Q3 FY26. The bank also utilised Rs 35 crore of contingency provisions on its microfinance portfolio during the quarter and carries forward Rs 130 crore into FY27. On the business front, total customer deposits rose 17.3% YoY to Rs 2,84,453 crore. CASA deposits increased 24.0% YoY to Rs 1,46,650 crore, while the CASA ratio stood at 49.80%. Advances grew 20.0% YoY to Rs 2,90,278 crore, with 87% of loan growth driven by mortgages, vehicle loans, consumer loans, business banking and wholesale segments. Capital adequacy ratio stood at 15.60% as of March 2026, remaining comfortably above regulatory requirements. Commenting on the performance, MD and CEO V. Vaidyanathan said asset quality remains stable, with stress largely behind in the microfinance portfolio. He added that provisions have declined to the lowest level in two years and the bank has started FY27 on a strong footing in terms of deposit growth. The board recommended a dividend of Rs 0.25 per equity share of face value of Rs 10 each for the Financial Year 2025-26. IDFC FIRST Bank is one of Indias fast-growing private banks. As of 31 March 2026, it reached over 60,000 cities, towns, and villages, operate through 1,147 branches. First Published: Apr 27 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shriram Finance reported a 40.86% year-on-year (YoY) increase in standalone net profit to Rs 3,013.57 crore in Q4 FY26, compared with Rs 2,139.39 crore in the corresponding quarter last year. Profit before tax (PBT) stood at Rs 3,915.31 crore in Q4 FY26, marking a 41.24% rise from Rs 2,771.98 crore reported in Q4 FY25. Net interest income (NII) for the quarter increased 15.58% to Rs 6,994.08 crore, compared with Rs 6,051.19 crore in the same period last year. Operational metrics remained strong, with the liquidity coverage ratio improving to 323.17% as of 31 March 2026 from 286.73% a year earlier. The cost-to-income ratio stood at 25.32% in Q4 FY26, compared with 27.65% in Q4 FY25. The company reported a return on assets (ROA) of 3.63% and a return on equity (ROE) of 19.13% for the quarter, including exceptional items. Operating profit rose 22.83% YoY to Rs 5,325.04 crore in Q4 FY26 from Rs 4,335.27 crore in Q4 FY25. Assets under management (AUM) increased 14.85% to Rs 3,02,273.75 crore as of 31 March 2026, compared with Rs 2,63,190.27 crore a year earlier and Rs 2,91,709.03 crore as of 31 December 2025. On a full-year basis, the companys standalone net profit declined 2.42% YoY to Rs 9,998.15 crore, while revenue from operations rose 15.09% to Rs 48,177.98 crore in FY26 compared to FY25. Meanwhile, the board has recommended a final dividend of Rs 6 per share (300% on a face value of Rs 2 each) for FY26, subject to shareholder approval at the upcoming 47th Annual General Meeting. The record date for determining eligible shareholders has been fixed as 3 July 2026. The board also approved a resource mobilisation plan for FY27, which includes raising funds through debt instruments such as non-convertible debentures (NCDs), subordinated debentures, external commercial borrowings, securitisation, and other borrowing avenues in domestic and international markets. Further, the board approved the reappointment of Parag Sharma as Managing Director and CEO for a period of five years, from 13 December 2026 to 12 December 2031, subject to shareholder approval. In addition, Morihiko Fuji and Shinichi Fujinami have been appointed as additional directors in the category of non-executive, non-independent directors with effect from 24 April 2026, representing MUFG Bank. Shriram Finance is India's largest retail asset financing non-banking finance company (NBFC). It is the flagship company of the Shriram Group, which has a significant presence in consumer finance, life insurance, general insurance, housing finance, stock broking, and distribution businesses. The counter slipped 4.27% to Rs 967.55 on the BSE. First Published: Apr 27 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
L&T Finance rose 1.39% to Rs 294.50 after the company reported a 26.79% rise in consolidated net profit to Rs 806.63 crore on an 18.47% increase in total income to Rs 4,771.10 crore in Q4 FY26 over Q4 FY25. Retail disbursements rose sharply by 62% year-on-year (YoY) to Rs 24,107 crore in Q4FY26, compared with Rs 14,899 crore in the corresponding quarter last year, reflecting strong momentum across key lending segments. Growth in secured lending was led by the two-wheeler finance segment, with disbursements rising 58% YoY to Rs 2,930 crore. Gold finance disbursements stood at Rs 2,779 crore. Personal loans nearly doubled, rising 98% YoY to Rs 3,786 crore, supported by partnerships with large technology platforms. Rural business finance disbursements grew 41% YoY to Rs 7,208 crore. Return ratios strengthened during the period, with Return on Equity (RoE) rising to 11.71% from 10.13% a year ago. Return on Assets (RoA) improved by 18 basis points YoY to 2.40% in Q4FY26, up from 2.22% in Q4FY25. The company reported a steady improvement in consolidated asset quality on a year-on-year (YoY) basis. The Gross Stage 3 (GS3) ratio declined to 2.88% in Q4FY26 from 3.29% in Q4FY25. Net Stage 3 (NS3) stood marginally lower at 0.96% in Q4FY26 compared to 0.97% in the corresponding quarter last year, indicating stable net asset quality performance. The company reported a robust performance for FY26 on a consolidated basis, led by strong growth across retail segments and improved profitability metrics. Retailisation remained high, with retail loans comprising 98% of the overall loan book. The company posted its highest-ever annual profit after tax (PAT) (before the impact of Labour Code considered in Q3FY26) at Rs 3,003 crore. The retail loan book grew 26% year-on-year (YoY) to Rs 1,19,508 crore, while the overall consolidated book rose 25% YoY to Rs 1,21,728 crore. Retail disbursements for the year increased 39% YoY to Rs 83,213 crore, compared with Rs 60,040 crore in FY25. The company maintained a steady run-rate in disbursements throughout the year, supported by GST 2.0-led efficiencies and strong festive demand, driving growth across its diversified product portfolio. Key contributors included two-wheeler finance, gold finance, personal loans, and rural business finance. Profitability metrics remained stable, with Return on Assets (RoA) at 2.39% (before Labour Code impact), while Return on Equity (RoE) improved to 11.33% from 10.87% in FY25. The company also accelerated its expansion in gold finance, ending Q4FY26 with 330 branches, including the addition of 200 new branches since acquiring the business in June 2025. In the personal loans segment, disbursements scaled up significantly through partnerships with large technology platforms. These partnerships contributed 38% to total personal loan disbursements in Q4FY26, up from 22% in Q4FY25, and accounted for 38% in FY26 compared with 10% in FY25. On the microfinance business, our focus was on navigating the cycle with prudence and our efforts have yielded results, with business parameters across both disbursements and collection efficiencies now reverting to near pre-crisis levels, giving us confidence that FY27 will be a stable and productive year for this segment. While global geopolitical uncertainties persist, we remain confident that the solid foundation established during the Lakshya 26 period will enable us to deliver steady outcomes and create long-term value for all stakeholders and truly transform L&T Finance into a risk-first, technology-first, multi-product retail financier of choice." The company has recommended a final dividend of Rs 2.75 per equity share (face value Rs 10) for FY26, subject to shareholder approval at the AGM. The dividend will be paid within 30 days of approval. The board also approved the appointment of Sachinn Joshi as whole-time director for two years and Raju Dodti for three years, both subject to regulatory and shareholder approvals. L&T Finance is a leading non-banking financial company (NBFC), offering a range of financial products and services. First Published: Apr 27 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
U.S. stocks retreated from records on Thursday after shaky reports from Tesla and others. The S&P 500 fell 0.4% and halted a weekslong rally that had erased all its losses because of the war and then carried it to all-time highs. The Dow Jones Industrial Average dipped 179 points (0.4%) while the Nasdaq composite dropped 0.9% from its own record. In the oil market, prices leaped as uncertainty built about what will happen with the Strait of Hormuz. A ceasefire is still in place between the United States and Iran, but oil tankers in the Persian Gulf arent able to get through the narrow waterway off Irans coast and deliver crude to customers.The U.S. military on Thursday seized another tanker associated with the smuggling of Iranian oil, a day after Irans paramilitary Revolutionary Guards took control of two vessels in the strait. President Donald Trump also said Thursday he ordered the U.S. military to shoot and kill Iranian boats that deploy mines to gum up traffic in the strait. Investors shifted focus to Tesla's sharp rise in forecasted capital spending this year, driven by factory builds for robots and other products. Elon Musk assured investors late Wednesday of a "very significant increase in capital expenditures," calling it "well justified for a substantially increased future revenue stream."Brent crude for June delivery surged 3.1% to settle at $105.07, peaking above $107 amid a stock selloff that dropped the S&P 500 by 1.3% before rebounding. The July contract settled at $99.35 after hitting $101, pressuring airlines with higher fuel costs and diverging industry stocks post-earnings. Tesla helped drag the market lower after sinking 3.6% even though it reported better results for the latest quarter than analysts expected. ServiceNow dropped even more 17.7%, even though its results for the latest quarter matched analysts expectations. American Airlines Group rose 2.4% after reporting better profit and revenue for the latest quarter than analysts expected. Southwest Airlines lost 4.1% after reporting weaker quarterly results than analysts expected. IBM sank 8.3% despite reporting better profit and revenue for the latest quarter than expected. Paramount Skydance fell 4.5% after Warner Bros. Discovery shareholders approved selling the business to Paramount. Discovery sank 1.6%. In stock markets abroad, indexes fell across much of Europe and Asia. Hong Kongs Hang Seng fell 0.9%, and Japans Nikkei 225 sank 0.7% for two of the bigger losses. South Koreas Kospi climbed 0.9% after the government reported better-than-expected economic growth for the start of the year, boosted by strong exports, particularly of computer chips used in the AI boom. In the bond market, the yield on the 10-year Treasury erased an early dip and rose to 4.32% from 4.30% late Wednesday as oil prices accelerated. First Published: Apr 27 2026 | 10:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 27 2026 | 10:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Paytm stock tumbles 8% after RBI cancels PPBL licence First Published: Apr 27 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IndusInd Bank rallied 3.76% to Rs 880.20 after the bank reported a standalone net profit of Rs 532.71 crore in Q4 FY26, compared with a net loss of Rs 2,235.99 crore in the corresponding quarter last year. Total income rose 12.07% year-on-year (YoY) to Rs 12,711.77 crore in the quarter ended 31 March 2026. The bank posted a profit before tax (PBT) of Rs 730.95 crore in Q4 FY26, against a pre-tax loss of Rs 2,889.08 crore in Q4 FY25. The Banks financial results include the financial results of its wholly owned subsidiary, Bharat Financial Inclusion Limited (BFIL), a business correspondent (BC) of the Bank involved in originating small ticket loans for the Bank and IndusInd Marketing and Financial Services Private Limited (IMFS), an associate of the Bank. On a consolidated basis, net profit stood at Rs 594.17 crore in Q4 FY26, compared with a net loss of Rs 2,328.87 crore in Q4 FY25. Total income rose 12.13% YoY to Rs 12,719.08 crore in the quarter ended 31 March 2026. Pre-provision operating profit (PPOP) came in at Rs 2,295 crore for the quarter, compared with a loss of Rs 491 crore in the year-ago period. Net interest income (NII) rose 43.40% YoY to Rs 4,371 crore, while net interest margin (NIM) stood at 3.39% in Q4 FY26, compared with 3.52% in Q3 FY26 and 2.25% in Q4 FY25. The banks deposits declined 2.66% to Rs 3,99,931 crore in Q4 FY26, compared with Rs 4,10,862 crore in Q4 FY25. CASA deposits stood at Rs 1,24,933 crore, including current account deposits of Rs 35,034 crore and savings account deposits of Rs 89,899 crore. CASA deposits comprised 31.24% of total deposits as of 31 March 2026. Retail deposits, as per LCR, stood at Rs 1,82,896 crore as of 31 March 2026, compared with Rs 1,86,503 crore as of 31 March 2025. Advances as of 31 March 2026 were Rs 3,15,871 crores, recording de-growth of 8.44% as against Rs 345,019 crores as of 31 March 2025. Asset quality saw a marginal deterioration, with gross non-performing assets (NPAs) at 3.43% as of 31 March 2026, compared with 3.13% a year earlier. Net NPAs stood at 1%, up from 0.95% in the previous year. The Provision Coverage Ratio was improved to 71% as at 31 March 2026 compared to 70% recorded as of 31 March 2025. Provisions and contingencies (other than tax) for the year ended 31 March 2026 were Rs 7,969 crore, up 11.67% compared to Rs 7,136 crore for the corresponding quarter of the previous year. The banks total capital adequacy ratio (CAR) under Basel III guidelines stood at 17.48% as of 31 March 2026, compared with 16.24% as of 31 March 2025. Tier 1 capital adequacy ratio (CRAR) stood at 16.20% as of 31 March 2026, compared with 15.10% a year earlier. Risk-weighted assets stood at Rs 3,93,543 crore, compared with Rs 4,19,535 crore a year ago. As of 31 March 2026, the banks distribution network included 3,136 branches and banking outlets, along with 2,870 onsite and offsite ATMs, compared with 3,081 branches and banking outlets and 3,027 ATMs as of 31 March 2025. The client base stood at approximately 42 million as of 31 March 2026. Rajiv Anand, the MD and CEO of IndusInd Bank, said, At IndusInd Bank, we are seeing improved growth momentum across businesses, supported by focused execution and strengthening fundamentals. In our microfinance portfolio, lower slippages during the quarter have contributed to better asset quality. We believe this reflects stronger underlying discipline and is not a one-off improvement. Our focus remains on sustaining this through prudent underwriting, calibrated risk management and consistent execution. In Q4 FY26, the Bank delivered steady operating performance, with pre-provision operating profit at Rs. 2,295 crores, up 1% QoQ, and profit after tax at Rs 594 crores. The balance sheet remains well supported, with capital adequacy of 17.48% and strong liquidity. While geopolitical uncertainties persist, Indias growth outlook remains stable, and we remain focused on participating in this growth in a prudent and sustainable manner." The banks board has recommended a final dividend of Rs 1.50 per equity share (15% on a face value of Rs 10) for FY26, subject to shareholder approval at the upcoming annual general meeting. The record date has been fixed as 26 June 2026. First Published: Apr 27 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Cohance Lifesciences surged 18.03% to Rs 425.60 after the company's board approved the appointment of Umang Vohra as chairman, with effect from 1 May 2026 and group chief executive officer (CEO) with effect from 20 May 2026 for period of five years. Vohra is one of the most accomplished leaders in the pharmaceutical industry. Over a career spanning more than three decades, he has led large, complex, global businesses through periods of strategic transformation while maintaining an unwavering focus on customers, quality and operational excellence. Most recently, as CEO and managing director of Cipla, Vohra led the companys transformation over the last decade to build a diversified global pharmaceutical enterprise. Having worked in and transformed two very large and respected Pharma companies in India, Vohra brings an owner-mindset and vast experience in business to the Cohance platform. The company said the appointment reflects a deliberate, strategic decision taken by the board, to bring in a leader whose profile is specifically suited to the demands of Cohances transformation and its next phase of growth. Commenting on appointment, Umang Vohra said, I am very excited to be joining Cohance. I believe deeply in the long-term value creation potential of this platform. Cohances technology offerings, depth of its R&D talent, and the quality of the leadership team already in place provide a strong foundation. I am looking forward to this entrepreneurial stint and will work closely with the current management leaders to create value for customers, employees and shareholders alike. Cohance Lifesciences, formerly Suven Pharmaceuticals, is an innovator-focused global CRDMO formed through the merger of Cohance Life Sciences into Suven Pharmaceuticals. It is a technology-driven, integrated CDMO platform offering development and manufacturing solutions across complex APIs, performance materials, agrochemicals, ADCs, oligonucleotides and advanced chemistries for global pharmaceutical and life sciences customers. The companys consolidated net profit dropped 76% to Rs 36.72 crore on 19.5% decline in revenue from operations to Rs 544.55 crore in Q3 FY26 over Q3 FY25. First Published: Apr 27 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Maruti Suzuki India First Published: Apr 27 2026 | 9:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With effect from 30 May 2026 Nalin Rana has 17 years of diversified experience across strategic finance, business planning, corporate strategy and investment banking. Nalin joined Tata Group in 2021 and is currently a senior leader in the Group CFO and Group Strategy Office of Tata Sons and a Member of the Board at Tata Teleservices Limited and Tata Teleservices (Maharashtra) Limited. At Tata Sons, he has responsibilities across multiple business verticals and has spearheaded key projects across strategic analysis of businesses, investments, fund raising and mergers & acquisitions. Prior to joining Tata Group, Nalin was an Executive Director in the investment banking team at Standard Chartered Bank where he was responsible for business development and execution. Nalin advised Indian and global clients on M&A and fund-raising transactions of over US$ 15 bn across multiple sectors. alin holds a post-graduate management degree from Indian Institute of Management Indore and a B.Tech. in Electrical Engineering from National Institute of Technology Silchar. First Published: Apr 27 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ImaAround 9:15 am, NSE Nifty 50 settled the pre-opening session at 23,945.45, up 47.50 points, or 0.20 per cent. First Published: Apr 27 2026 | 9:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 27 April 2026 Noted the resignation of Vivek Sharma (DIN 08559495), as Executive Chairman and director of the Company with effect from 30 April 2026. Approved the appointment of Umang Vohra as Additional Director, designated as Chairman, and Group Chief Executive Officer with effect from 01 May 2026 and 20 May 2026 respectively. First Published: Apr 27 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to the Reserve Bank of India, foreign currency assets, the largest component of the reserves, increased by 1.48 billion to over 557 billion US dollars during the week. Gold reserves climbed by 790 million to over 122 billion US dollars. Special Drawing Rights rose by 78 million to 18.84 billion US dollars. Meanwhile, the central banks position in the International Monetary Fund edged up by 14 million to 4.87 billion US dollars. First Published: Apr 27 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 28.16% to Rs 32.12 crore For the full year,net loss reported to Rs 4.04 crore in the year ended March 2026 as against net profit of Rs 11.55 crore during the previous year ended March 2025. Sales declined 5.75% to Rs 163.05 crore in the year ended March 2026 as against Rs 173.00 crore during the previous year ended March 2025. First Published: Apr 27 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs -12.41 crore For the full year,net profit declined 23.86% to Rs 93.61 crore in the year ended March 2026 as against Rs 122.94 crore during the previous year ended March 2025. Sales declined 11.98% to Rs 797.72 crore in the year ended March 2026 as against Rs 906.33 crore during the previous year ended March 2025. First Published: Apr 27 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 7.03% to Rs 213.92 crore For the full year,net profit rose 57.51% to Rs 80.49 crore in the year ended March 2026 as against Rs 51.10 crore during the previous year ended March 2025. Sales rose 15.08% to Rs 842.35 crore in the year ended March 2026 as against Rs 731.94 crore during the previous year ended March 2025. First Published: Apr 27 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Total Operating Income decline 1.31% to Rs 6656.33 crore For the full year,net profit rose 13.21% to Rs 2767.86 crore in the year ended March 2026 as against Rs 2444.96 crore during the previous year ended March 2025. Total Operating Income rose 4.84% to Rs 26281.35 crore in the year ended March 2026 as against Rs 25066.90 crore during the previous year ended March 2025. First Published: Apr 27 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 67.70% to Rs 35.27 crore For the full year,net profit declined 43.85% to Rs 194.88 crore in the year ended March 2026 as against Rs 347.05 crore during the previous year ended March 2025. Sales declined 28.13% to Rs 495.48 crore in the year ended March 2026 as against Rs 689.44 crore during the previous year ended March 2025. First Published: Apr 27 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 27 2026 | 8:21 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Innovision has announced that it has received a letter of award (LoA) worth Rs 3.01 crore for the supply of skilled, semi-skilled, and unskilled labour from MP East Zone Electricity Distribution Co. The total value of the contract stands at Rs 3,01,38,756 and it will be executed on an annual basis. Innovision clarified that neither its promoters nor group companies have any interest in the awarding entity and the deal does not qualify as a related party transaction. Innovision provides manpower services, toll plaza management, and skill development training across India. The company offers private security, integrated facility management (IFM), manpower sourcing and payroll services, and operates toll plazas primarily for the National Highways Authority of India (NHAI). Innovision added 2.52% to Rs 319.35 after the companys consolidated net profit jumped 43.27% to Rs 4.47 crore on a 2.12% increase in revenue from operations to Rs 233.26 crore in Q3 FY26 over Q3 FY25. Shares of Innovision slipped 3.43% to Rs 328.95 on the BSE. First Published: Apr 27 2026 | 8:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 27 2026 | 8:14 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
stock market, BSE First Published: Apr 27 2026 | 7:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to open higher on Monday. First Published: Apr 27 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 27 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Last week, Brent and WTI gained nearly 17 per cent and 13 per cent, respectively, the biggest weekly gains since the start of the war Oil prices extended gains on Monday, rising nearly 2 per cent as peace talks between the US and Iran stalled while shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight. Brent crude futures rose $2.16, ?or 2.05 per cent, to $107.49 a barrel by 2346 GMT, the highest since April 7, and US West Texas Intermediate was at $96.17 a barrel, up $1.77, or 1.88 per cent. Last week, Brent and WTI gained nearly 17 per cent and 13 per cent, respectively, the biggest weekly gains since the start of the war. Hopes of reviving peace efforts receded during the weekend when U.S. President Donald Trump scrapped a planned trip to Islamabad by his envoys Steve Witkoff and Jared Kushner, even as Iranian Foreign ?Minister Abbas Araqchi arrived In Pakistan. "This move puts the ball squarely back in Iran's court, and the clock is now ticking loudly," IG market analyst Tony Sycamore said in a note, adding that Tehran may be forced to shut production at its aging oil fields when it runs out of storage capacity. Tehran has largely closed the strait while Washington has imposed a blockade of Iran's ports. Traffic through the Strait of Hormuz ?remained limited, with just one oil products tanker entering the Gulf on Sunday, shipping data from Kpler showed. Goldman Sachs raised its oil price ?forecasts for the fourth quarter to $90 a barrel for Brent crude and $83 for ?WTI citing reduced output from the West Asia. "The economic risks are larger than our crude base case alone suggests because of the net ?upside risks to oil prices, unusually high refined product prices, products shortages risks, and the unprecedented scale of the shock," GS analysts led by Daan ?Struyven said in an April 26 note. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 27 2026 | 6:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shreyash Devalkar, head – equity at Axis Mutual Fund This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A preferential equity issuance is when a company issues equity to a select group of entities This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Naveen Chandra Jha, managing director and chief executive officer, SBI General Insurance This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Iran war and rupee depreciation highlight why Indian investors should diversify beyond domestic assets, using global equities and gold as a hedge against local shocks. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
(L-R) Steve Jobs and Tim Cook This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Generative AI is transforming shopping habits as consumers use AI for product discovery while brands deploy the same technology to personalise marketing and influence buying decisions. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mahindra Logistics's consolidated net profit of Rs 22.36 crore in Q4 FY26, compared with a net loss of Rs 5.29 crore in Q4 FY25. Revenue from operations jumped 14.13% year-on-year (YoY) to Rs 1,791.41 crore for the quarter ended 31 March 2026. Profit before tax stood at Rs 31.95 crore in Q4 FY26, compared with Rs 0.95 crore in Q4 FY25. EBITDA stood at Rs 112 crore in Q4 FY26, registering a growth of 43.59% compared with Rs 112 crore posted in Q4 FY25. Total expenses increased 12.25% to Rs 1,763.25 crore in Q4 FY26 as compared with Rs 1,570.75 crore in Q4 FY25. Operating expenses was at Rs 1,535.13 crore (up 12.98% YoY), employee benefit expenses stood at Rs 106.26 crore (up 11.11% YoY) and finance cost was at Rs 14.30 crore (down 30.41% YoY) during the period under review. The company reported a stronger consolidated performance for FY26, with revenue rising to Rs 6,999 crore from Rs 6,105 crore in FY25, reflecting steady business growth. EBITDA increased to Rs 376 crore compared to Rs 284 crore in the previous fiscal, indicating improved operational efficiency. Operational profit after tax (PAT) stood at Rs 8.2 crore, a significant turnaround from a loss of Rs 35.8 crore in FY25. Reported PAT came in at Rs 2.3 crore for the year. The company has reported strong revenue growth of 15% driven across business verticals. Operating and financial discipline has resulted in a return to profitability after two financial years, with reported FY26 PAT of Rs 2.3 crores and Operational PAT of Rs 8.2 crores. The Express Business has grown its revenue by 25% YoY. Network optimization, yield actions across customers, coupled with effective cost control and focus on maintaining and improving Network Service Levels (NSL) have driven steady gross margin expansion over the last three quarters. The Express Business delivered positive GM of 1.3% in FY26. Freight Forwarding demonstrated resilience with 14% revenue growth YoY despite a challenging global trade environment. EBITDA grew 48%, driven by margin expansion on the back of traction in the nomination business and better penetration with key customers. Mobility recorded a 22% increase in revenue and a 45% growth in EBITDA YoY driven by new additions to the B2B portfolio and the successful launch of Alyte Prive, a premium, tech-enabled B2C mobility service offering airport-to-city and intercity travel. Last Mile Delivery (LMD) has consolidated its presence across customers, exiting unviable businesses and strengthening presence in high-potential areas. It continues to demonstrate strong execution, leveraging technology, human capital and process discipline. In Q4 F26, the business generated EBITDA of Rs 2.2 cr vs Rs 1 cr loss in Q3 FY26. Warehousing operations maintained scale with 20.4 million square feet space under management. The Company made meaningful progress in optimizing its portfolio, and white space reduction is on track Hemant Sikka, managing director and CEO of Mahindra Logistics, said, Q4 FY26 reflects sustained momentum in our transformation journey. Building on last quarters return to profitability, we saw stronger execution discipline, tighter operational rigor, sharper focus on customer level economics, and positive customer feedback on service reliability, responsiveness, and operating standards, enabled by a more stable and aligned leadership structure. These Improvements were driven by stronger performance across our contract logistics businesses (with multiple wins across segments), meaningful progress in the Express business turnaround, and sustained focus on operational excellence. Alongside these, our presence in e-commerce and quick commerce continues to grow strongly. The transformation at Mahindra Logistics is now firmly embedded and gaining traction. We remain committed to becoming the #1 Logistics services provider in India, delivering superior customer experience through technology led solutions along with a passionate team. The board has recommended a final dividend of Rs 2.50 per equity share (25%) for FY26, subject to shareholder approval at the upcoming AGM. The record date is 10 July 2026, and the dividend will be paid after 20 July 2026, within stipulated timelines. Mahindra Logistics (MLL) is an integrated third-party logistics (3PL) service provider, specializing in supply chain management and enterprise mobility. Shares of Mahindra Logistics fell 3.79% to Rs 426.30 on the BSE. First Published: Apr 24 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To develop and deploy rapid charging electric 3-wheelers Atul Auto and Exponent Energy, the Bengaluru-based energy company building the world's fastest charging energy ecosystem for commercial vehicles, have announced a strategic partnership to jointly develop and deploy rapid charging electric 3-wheelers. The companies have also committed to a minimum of 15,000 Exponent-powered 3-wheeler passenger vehicles over three years, representing one of the largest scale-ups of rapid charging EVs in the segment. This marks a significant step in bringing together Atul Auto's decades-long legacy in three-wheeler manufacturing and Exponent Energy's breakthrough technology. Under this collaboration, Atul Auto's vehicles will be integrated with Exponent Energy's OTO three wheeler mobility platform - a unified architecture bringing together best-in-class battery technology, powertrain systems, and vehicle software. Proven in retrofit deployments, the platform is now being extended to OEM-integrated new vehicles through this partnership. Beyond Exponent's own 15-minute rapid charging network, the platform is interoperable and works seamlessly with standard public and home charging infrastructure, giving drivers the flexibility to choose where to charge on a daily basis. Exponent's proprietary technology enables 15 minutes rapid charge - the fastest globally for commercial vehicles while delivering consistent performance under intensive daily operations. The system is backed by a 2 Lakh km warranty, addressing key concerns around battery life and resale value in commercial EV deployments. For Atul Auto customers, this translates into more freedom and flexibility with better earnings driven by faster turnaround times, higher vehicle availability, and reduced operating costs compared to conventional electric three-wheelers. First Published: Apr 24 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 24 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 24 2026 | 9:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Transactions Slide, Prices Dip: Dubai Realty Market Slows Down First Published: Apr 24 2026 | 9:19 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 202.11% to Rs 70.30 crore For the full year,net profit rose 2671.72% to Rs 40.19 crore in the year ended March 2026 as against Rs 1.45 crore during the previous year ended March 2025. Sales rose 434.60% to Rs 157.12 crore in the year ended March 2026 as against Rs 29.39 crore during the previous year ended March 2025. First Published: Apr 24 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 21.23% to Rs 306.71 crore For the full year,net profit rose 39.04% to Rs 217.66 crore in the year ended March 2026 as against Rs 156.54 crore during the previous year ended March 2025. Sales rose 22.93% to Rs 1119.13 crore in the year ended March 2026 as against Rs 910.38 crore during the previous year ended March 2025. First Published: Apr 24 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 47.73% to Rs 681.47 crore For the full year,net profit reported to Rs 14.84 crore in the year ended March 2026 as against net loss of Rs 221.67 crore during the previous year ended March 2025. Sales rose 37.65% to Rs 2436.42 crore in the year ended March 2026 as against Rs 1770.00 crore during the previous year ended March 2025. First Published: Apr 24 2026 | 9:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 14.93% to Rs 2611.95 crore First Published: Apr 24 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales reported at Rs 2.53 crore For the full year,net profit declined 97.55% to Rs 0.33 crore in the year ended March 2026 as against Rs 13.48 crore during the previous year ended March 2025. Sales reported to Rs 2.53 crore in the year ended March 2026. There were no Sales reported during the previous year ended March 2025. First Published: Apr 24 2026 | 9:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Asia shares struggled on Friday and oil prices resumed their rise, as a shaky ceasefire in the West Asia war and stalled US-Iran peace talks gave investors little to cheer. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent and was set to end the week with a 0.8 per cent gain, while Japan's Nikkei added 0.45 per cent and stocks in South Korea, China and Hong Kong fell. Nasdaq futures and S&P 500 futures advanced 0.6 per cent and 0.1 per cent, respectively, after closing lower in the cash ?session overnight, while EUROSTOXX 50 futures were down 0.65 per cent and FTSE futures fell 0.9 per cent. The mixed showing underscored the tense market mood as investors this week seesawed between hope for an imminent end to the war and fear that it might not come soon. "The thing is, a ceasefire is a funny term to use in conjunction with a blockade and rolling tensions and animosities," said Vishnu Varathan, Mizuho's head of macro strategy for APAC. Iran on Thursday flaunted its tightened grip over the key Strait of Hormuz with a video of commandos in a speedboat storming a huge cargo ship, while US President Donald Trump said he had ordered the Navy to "shoot and kill" Iranian boats laying mines in the strait, and step up demining activity. Trump's comments came just days after he said he would indefinitely extend what had been a two-week ceasefire with Iran to allow for further peace talks. "It's not going to be a linear de-escalation of violence and oil prices and volatility around the entire supply shock," said Varathan. "(Investors) have just been looking for ?excuses to put on optimistic trades opportunistically. I don't think anybody in the market truly believes that this will be over in a week or two." In oil markets, prices rose as the stand-off in the Strait of Hormuz persisted. Brent crude futures jumped more than 1 per cent to $106.21 a barrel, while US crude gained 1 per cent to $96.77 per barrel. Markets, meanwhile, largely shrugged off news that Lebanon and Israel extended their ceasefire for three weeks after a high-level meeting at the White House. The euro last bought $1.1684 and was set to lose nearly 0.7 per cent for the week, while sterling was little changed at $1.3469 and headed for a slight weekly decline. A host of central banks, including the US Federal Reserve, the European Central Bank and the Bank of England, are due to announce their policy ?decisions next week, with investors focusing on what policymakers say about the war's impact on inflation and the economy. "In view of the demand destruction implied by higher energy prices, there may be an understandable reluctance by many G10 policymakers to push ahead with rate hikes over the coming months," said Jane Foley, head ?of FX strategy at Rabobank. The Bank of Japan (BOJ) also meets next week, where expectations are for the central bank to keep rates on hold. Ahead of that, currency traders ?were focused on the yen with the currency a whisker away from the key 160 per dollar level widely seen as a trigger for intervention. The Japanese currency was last slightly weaker at 159.78 per dollar and was set to lose 0.7 per cent for the week. Japanese Finance Minister Satsuki Katayama renewed ?warnings of currency intervention on Friday, stressing "decisive action" in close coordination with the United States. "Lower market liquidity during Golden Week, which comes directly after the BOJ meeting, may provide an opportunity for FX intervention and a knee-jerk appreciation in the yen within the 150-160 range," said Carl Ang, fixed income ?research analyst at MFS Investment Management. Markets will be closed on a number of days over the annual Golden Week holiday, which lasts into early May. Elsewhere, spot gold was flat at $4,691.60 an ounce. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 24 2026 | 8:38 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 24 2026 | 8:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 24 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
?84,000/sq ft Deal: SRK Manager, Family Buy Premium Carter Road Flats First Published: Apr 24 2026 | 8:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
A US special forces soldier involved in the military operation to capture Venezuelan President Nicolas Maduro has been charged with using classified information about the mission to win more than $400,000 in an online betting market, federal officials announced Thursday. Gannon Ken Van Dyke was part of the operation to capture Maduro in January and used his access to classified information to make money on the prediction market site Polymarket, the federal prosecutor's office in New York said. He has been charged by the Justice Department with unlawful use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud, and making an unlawful monetary transaction. He could face years in prison. Van Dyke, 38, was involved in the planning and execution of capturing Maduro for about a month beginning Dec. 8, 2025, according to the federal prosecutor's office. Yet despite the fact that he signed nondisclosure agreements promising to not divulge "any classified or sensitive information" related to the operations, prosecutors say the Army soldier used this information to make a series of bets related to Venezuelan President Maduro being out of power by Jan. 31, 2026. "This involved a US soldier who allegedly took advantage of his position to profit off of a righteous military operation," FBI Director Kash Patel said in a post to social media. A telephone number listed for Van Dyke in public records was not in service. There was no attorney listed yet for him. Polymarket, one of the largest prediction markets in the world, said it had found someone trading on classified government information, alerted the US Department of Justice and "cooperated with their investigation." "Insider trading has no place on Polymarket," the company said in a statement. The federal Commodity Futures Trading Commission, which regulates prediction markets, announced Thursday it had filed a parallel complaint against Van Dyke. That complaint alleges that Van Dyke moved $35,000 from his personal bank account into a cryptocurrency exchange account on Dec. 26, 2025 - a little over a week before US forces would fly into Caracas and seize Maduro. Van Dyke used more than $32,500 to make a series of bets on whether Maduro would be removed from power between Dec. 11, 2025, and Jan. 31, 2026, according to the complaint. Van Dyke placed those bets between Dec. 30 and Jan. 2, 2026, with the vast majority occurring on the night of Jan. 2 - just hours before the first missiles would fall on Caracas. The bets Van Dyke made on Maduro leaving power resulted in "more than $404,000 of profits," the complaint said. Bets on three other Venezuela-related contracts netted the solider more than $5,000, according to the complaint. "The defendant was entrusted with confidential information about US operations and yet took action that endangered US national security and put the lives of American service members in harm's way," Michael Selig, the commission's chairman, said in a statement. The massive profits from the well-timed bets aroused public attention just days after the raid but Polymarket said nothing to the public at the time. Officials allege that shortly after the operation, Van Dyke put most of the funds he won in a foreign cryptocurrency vault and then into a new brokerage account. He also asked Polymarket to delete his account, saying he had lost access to his email associated with the account, according to the federal prosecutor's office. Trump, when asked about the case Thursday, drew parallels between the embattled soldier and late professional baseball player Pete Rose, who was banned from the sport amid accusations that he placed bets on his own team. "The whole world, unfortunately, has become somewhat of a casino, and you look at what's going on all over the world and Europe and every place, they're doing these betting things," Trump told reporters. The Trump administration has been a key ally of the growing prediction market industry in a critical legal fight with states seeking to ban the platforms. The president's eldest son is an adviser for both Kalshi and Polymarket and an investor in the latter. Trump's social media platform Truth Social is also launching its own cryptocurrency-based prediction market called Truth Predict. Van Dyke joined the Army in 2008 and, in 2023, was promoted to the rank of master sergeant, the second-highest enlisted rank in the Army, according to the indictment. Federal prosecutors confirmed that he was a senior enlisted soldier who was part of the special forces community and was stationed at Fort Bragg near Fayetteville, North Carolina, but their indictment offered little other details about his military service. Army officials declined to provide Van Dyke's service record. Typically, the military services are reticent to offer details about members of the special forces and take measures to keep their identities secret. Prediction markets let people wager on everything from sports to elections and have prompted bipartisan scrutiny from Congress and calls for stricter regulations. Earlier this month, The Associated Press reported that a group of new accounts on Polymarket made highly specific, well-timed bets on whether the US and Iran would reach a ceasefire on April 7, resulting in hundreds of thousands of dollars in profits for these new customers. On the same day the AP published the report, the White House warned staff against using private information to trade on prediction markets. On Wednesday, the Kalshi prediction market fined and suspended three congressional candidates who the company said wagered on the outcome of their own elections. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 24 2026 | 8:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Despite the rising uncertainty, government officials have maintained a relatively upbeat growth outlook First Published: Apr 24 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Azad Engineering said that has received an amendment to its existing strategic supply agreement from Nuovo Pignone S.r.l., a company under the Baker Hughes group. The contract has been awarded by an international entity and will be executed over a long-term period extending up to December 2030. The financial details or size of the order have not been disclosed by the company, citing confidentiality. Azad Engineering clarified that the transaction does not involve any related party dealings, and neither the promoter nor promoter group entities have any interest in the awarding company. Azad Engineering is engaged in the manufacturing of precision forged and machined components for clean energy, aerospace, defense, oil and gas, and standalone power supply (SPS) as required by OEMs with its manufacturing unit in Hyderabad. The companys consolidated net profit surged 46.4% to Rs 34.72 crore on a 31.7% increase in revenue from operations to Rs 158.72 crore in Q3 FY26 over Q3 FY25. Shares of Azad Engineering surged 8.25% to end at Rs 2,108.55 on the BSE. First Published: Apr 24 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 24 2026 | 7:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex may open higher on Friday. First Published: Apr 24 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 24 2026 | 7:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 23 2026 | 9:35 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To collaborate on development of unmanned systems for Indian region The agreement establishes the framework for a strategic collaboration to develop a new unmanned, airborne surveillance and reconnaissance solution for the Indian region. At the heart of the collaboration is Aerodata's modular AeroForce X platform. The MALE UAS combines high payload capacity with a maximum endurance of up to 40 hours and is designed for the integration of advanced mission system technology. This particularly suits AeroForce X for long duration, demanding ISR (Intelligence, Surveillance, Reconnaissance) missions over land and sea. As part of the MoU, both companies will jointly evaluate how AeroForce X can be further developed and deployed to meet the requirements of the Indian market. Dynauton will contribute its extensive engineering and manufacturing expertise in the field of unmanned systems, while Aerodata contributes its many years of experience in the integration of complex airborne surveillance and reconnaissance systems. First Published: Apr 23 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Delta Corp declined 4.05% to Rs 65.13 after the company's consolidated net profit tanked 90% to Rs 16.45 crore on a 11.72% decline in revenue from operations to Rs 161.25 crore in Q4 FY26 over Q4 FY25. Total expenses declined 3.16% to Rs 149.19 crore in Q4 FY26, compared with Rs 154.06 crore in Q4 FY25. Cost of material consumed stood at Rs 13.23 crore (down 13.81% YoY), employee benefit expenses were at Rs 45.07 crore (up 17.43% YoY), and license fees & registration charges stood at Rs 27.71 crore (down 8.82% YoY) during the period under review. On the segmental front, revenue from the casino gaming division declined 10.76% YoY to Rs 148.48 crore in Q4 FY26, while revenue from the hospitality division fell 20.75% YoY to Rs 13.25 crore during the quarter. On a full-year basis, the companys consolidated net profit tanked 73.13% to Rs 85.29 crore on a 5.64% drop in revenue from operations to Rs 688.46 crore in FY26 over FY25. Meanwhile, the companys board recommended a final dividend of Rs 0.50 per equity share (50%). The dividend will be paid within 30 days from the date of shareholder approval at the ensuing AGM. Delta Corp is the only listed company engaged in the casino (live, electronic, and online) gaming industry in India. The company is engaged in diversified segments like casino gaming, online gaming, hospitality, and real estate. First Published: Apr 23 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 2.19% to Rs 102.53 crore For the full year,net loss reported to Rs 13.13 crore in the year ended March 2026 as against net profit of Rs 62.36 crore during the previous year ended March 2025. Sales declined 6.06% to Rs 401.23 crore in the year ended March 2026 as against Rs 427.10 crore during the previous year ended March 2025. First Published: Apr 23 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 15.08% to Rs 3282.95 crore For the full year,net profit declined 89.66% to Rs 128.28 crore in the year ended March 2026 as against Rs 1240.19 crore during the previous year ended March 2025. Sales declined 14.28% to Rs 13644.78 crore in the year ended March 2026 as against Rs 15917.21 crore during the previous year ended March 2025. First Published: Apr 23 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 11.72% to Rs 161.25 crore For the full year,net profit declined 65.75% to Rs 85.29 crore in the year ended March 2026 as against Rs 248.99 crore during the previous year ended March 2025. Sales declined 5.64% to Rs 688.46 crore in the year ended March 2026 as against Rs 729.63 crore during the previous year ended March 2025. First Published: Apr 23 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 20.33% to Rs 2065.20 crore For the full year,net profit rose 10.91% to Rs 2639.30 crore in the year ended March 2026 as against Rs 2379.60 crore during the previous year ended March 2025. Sales rose 12.05% to Rs 7672.10 crore in the year ended March 2026 as against Rs 6846.80 crore during the previous year ended March 2025. First Published: Apr 23 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 8.34% to Rs 2857.90 crore For the full year,net profit rose 0.99% to Rs 1279.20 crore in the year ended March 2026 as against Rs 1266.70 crore during the previous year ended March 2025. Sales rose 14.04% to Rs 10995.90 crore in the year ended March 2026 as against Rs 9642.20 crore during the previous year ended March 2025. First Published: Apr 23 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net profit declined 58.78% to Rs 0.54 crore in the year ended March 2026 as against Rs 1.31 crore during the previous year ended March 2025. Sales declined 49.47% to Rs 0.96 crore in the year ended March 2026 as against Rs 1.90 crore during the previous year ended March 2025. First Published: Apr 23 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares of Steel Authority of India are banned from F&O trading on 23 April 2026. Result Today: Infosys, Tata Capital, Aditya Birla Sun Life AMC, Adani Energy Solutions, BlueStone Jewellery and Lifestyle, CIE Automotive India, Cyient, Indian Energy Exchange, Mahindra Logistics, Sterling and Wilson Renewable Energy, Tata Teleservices (Maharashtra), Union Bank of India, and UTI Asset Management Company will announce their quarterly earnings today. Stocks to Watch: Trent reported a 29.95% jump in standalone net profit to Rs 454.75 crore on a 20.22% increase in revenue from operations to Rs 4,936.64 crore in Q4 FY26 over Q4 FY25. Havells India reported standalone net profit jumped 40.58% to Rs 734.24 crore on a 2.38% rise in revenue to Rs 6,687.68 crore in Q4 FY26 compared with Q4 FY25. SBI Life Insurance Companys net profit for Q4 stood at Rs 804.6 crore, down 1.1% year-on-year from Rs 813.5 crore. Net premium income rose 16% on-year to Rs 27,683.8 crore, compared with Rs 23,860.7 crore in the same period last year, indicating healthy traction in business volumes. L&T Technology Services (LTTS) reported a 6.8% jump in consolidated net profit to Rs 332.1 crore on an 8.3% increase in revenue from operations to Rs 2,857.9 crore in Q4 FY26 over Q4 FY25. Oracle Financial Services Software reported a 30.7% jump in consolidated net profit to Rs 841.7 crore on a 20.3% increase in revenue from operations to Rs 2,065.2 crore in Q4 FY26 over Q4 FY25. Tata Communications reported a 74.7% drop in consolidated net profit to Rs 263.3 crore despite a 9.4% increase in revenue from operations to Rs 6,554.2 crore in Q4 FY26 over Q4 FY25. Delta Crop reported a 90% tank in consolidated net profit to Rs 16.45 crore on an 11.7% drop in revenue from operations to Rs 161.3 crore in Q4 FY26 over Q4 FY25. Infosys announced a strategic collaboration with OpenAI to help enterprises transform software development and modernization using OpenAIs frontier AI models and products such as Codex. Bharat Electronics announced that it has secured orders worth Rs 569 crore, marking the beginning of its order inflow for the financial year 202627. Jio Financial Services has entered into a binding agreement with Allianz Group (Allianz), through its wholly owned subsidiary Allianz Europe BV, to form a 50:50 primary insurance joint venture (JV) covering general and health insurance to serve the rapidly expanding Indian insurance sector. The JV will commence operations upon receiving the necessary statutory and regulatory approvals. Jio Financial and Allianz are also working towards a separate binding agreement for the life insurance business in India. Unimech Aerospace and Manufacturing, along with its wholly owned subsidiary Innomech Aerospace Toolings, has approved an investment of up to Rs 450 crore for the acquisition of Hobel Bellows Co, a partnership firm, through Hobel Bellows. Unimech Aerospace and Innomech Aerospace Toolings will acquire a 24% and 76% stake, respectively, in Hobel Bellows. Subsequently, Hobel Bellows will acquire a 99.99% partnership interest in Hobel Bellows Co. First Published: Apr 23 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Overnight, the S&P 500 climbed 1 per cent and the Nasdaq jumped 1.6 per cent to ?close at new record highs. Asian shares tracked Wall Street higher on Thursday, led by record highs in Japan, South Korea and Taiwan, as investors shrugged off higher oil prices from more shipping woes in the Gulf and focused on strong corporate earnings. Overnight, the S&P 500 climbed 1 per cent and the Nasdaq jumped 1.6 per cent to ?close at new record highs, helped by a strong start to earnings season that has eased concerns about the health of the US consumer despite rising energy prices from the Iran war. That was despite oil prices gaining for a fourth straight day. Iran on Wednesday captured two container ships seeking to exit the Gulf via the Strait of Hormuz, tightening its grip on the crucial waterway, as a fragile ceasefire hangs in the balance for now. Brent crude futures rose 0.5 per cent to $102.45 a barrel, having jumped 3.5 per cent overnight to cross back above $100. MSCI's broadest index of Asia-Pacific shares outside Japan rallied 1 per cent to a record high as tech heavyweights surged in the region. Markets in Japan, South Korea and Taiwan vaulted to records for ?a second day, with the Nikkei topping the 60,000 mark. China's blue chips rose 0.3 per cent and Hong Kong's Hang Seng index slipped 0.3 per cent "Markets have been remarkably effective at looking through risks - and may continue to be. But the list of risks is growing as resolutions remain elusive," said Laura Cooper, global investment strategist at asset manager Nuveen. "The dissonance cannot hold indefinitely ... At some point, the weight of what is being ignored could become the only one that matters." Wall Street futures slipped in Asia after the earnings-driven rally, with the Nasdaq futures off 0.2 per cent and S&P 500 futures down 0.3 per cent. Shares of GE Vernova surged 13.75 per cent after the power equipment maker raised its annual ?revenue forecast on the AI boom, and Boeing advanced over 5 per cent after a smaller-than-expected quarterly loss. Electric automaker Tesla reported a surprise positive free cash flow in the first quarter, but its projection of sharply higher spending plans ?on AI and robotics drew scepticism from investors, with its shares last down 2 per cent after the bell. Treasuries were also ?mostly steady despite the jump in oil prices. The two-year US Treasury yield held at 3.8064 per cent, after edging up 1 basis point (bp) on Wednesday. The 10-year yield inched 1 bp higher at 4.3094 per cent, after finishing little ?changed overnight. Currencies were mostly calm, with the dollar holding onto small gains from overnight. The euro was steady at $1.1709, just above a 10-day low of $1.1691, having lost 0.3 per cent overnight. "It is questionable whether financial markets are correctly pricing ?the reality that supply constraints will remain an issue for some time," said Skye Masters, head of markets research at the National Australia Bank. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 23 2026 | 8:23 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Top stocks to buy across large-, mid-, small-caps First Published: Apr 23 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Texmaco Rail & Engineering said that it has secured a contract from South Western Railway for outsourcing of Overhead Equipment (OHE) & Power Supply Installation (PSI) maintenance activities. The scope of work includes maintenance of OHE and PSI infrastructure, which are critical for railway electrification and operations. The company clarified that neither the promoter nor promoter group entities have any interest in the awarding authority. Additionally, the contract does not fall under related party transactions. Texmaco Rail & Engineering (TEXMACO) is a listed company and part of the Adventz Group. Texmaco is a key player in the railway and infrastructure sector. It operates across three business segments: Freight Cars, Rail Infrastructure & Green Energy, and Infrastructure Electrical. The company reported a 44.65% decline in consolidated net profit to Rs 42.27 crore in Q3 FY26, compared to Rs 76.38 crore posted in Q3 FY25. Revenue from operations fell 21.45% year-on-year (YoY) to Rs 1,041.59 crore in the quarter ended 31 December 2025. The counter advanced 2.32% to end at Rs 106.19 on the BSE. First Published: Apr 23 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 23 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 23 2026 | 7:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 23 2026 | 7:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock market today: Nifty may consolidate near 24,000, says Ajit Mishra; top stock picks for today: Federal Bank, NTPC, JSW Energy First Published: Apr 23 2026 | 7:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
To forge a bond with India, the Comité Champagne team travelled to Darjeeling where, in addition to seeing an Indian election at close quarters, it signed a memorandum of understanding with some of the bigger tea estates such as Makaibari This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Apr 23 2026 | 12:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Apr 23 2026 | 12:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 22 2026 | 9:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
LTM announced today that it has received two Google Cloud Partner of the Year 2026 Awards. LTM is being recognized for its achievements in the Google Cloud ecosystem, helping joint customers to drive high-impact, scalable cloud transformations. LTM won the Google Cloud Partner of the Year Award in the Media & Entertainment category by modernizing a global media company's complex data estate with BigQuery. The transformation improved speed, lowered costs, and provided a scalable foundation, enabling real-time analytics and AI-ready pipelines. This approach offers a repeatable model for data modernization in Media and Entertainment industry. Additionally, LTM was honoured with another Google Cloud Partner of the Year Award for Infrastructure Modernization in North America and the transformation of the ERP landscape for a global leader in healthcare services. This resulted in faster time to market, modern scalable ecosystem with ability to advance AI led innovation and business growth across the company's global footprint. Receiving two Google Cloud Partner of the Year Awards demonstrates our proficiency and dedication to achieving client objectives. Our case studies illustrate how we assist enterprises in modernizing data, infrastructure, and ERP systems through AI-driven insights, while establishing robust digital foundations with Google Cloud, said Venu Lambu, Chief Executive Officer and Managing Director, LTM. First Published: Apr 22 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ACME Solar Holdings (ACME Solar) has cumulatively operationalized more than 2 GWh BESS capacity in Rajasthan. The company is among the first Indian renewable energy companies to achieve this scale of energy storage deployment. With this, the company's total operational BESS capacity cumulatively stands at 591.18 MW / 2031.24 MWh across various subsidiaries in Rajasthan. Overall, the company plans to operationalise 10 GWh of BESS by 2027. These BESS projects are designed to enhance grid reliability and optimise power utilisation by charging batteries during non-peak demand periods and discharging during peak demand periods. This capability will play a critical role in balancing energy supply and demand while improving the overall grid stability. First Published: Apr 22 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 172.00% to Rs 17.00 crore For the full year,net loss reported to Rs 6.44 crore in the year ended March 2026 as against net loss of Rs 15.55 crore during the previous year ended March 2025. Sales rose 223.71% to Rs 47.65 crore in the year ended March 2026 as against Rs 14.72 crore during the previous year ended March 2025. First Published: Apr 22 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 11.69% to Rs 826.88 crore For the full year,net profit declined 8.06% to Rs 613.18 crore in the year ended March 2026 as against Rs 666.91 crore during the previous year ended March 2025. Sales rose 10.17% to Rs 2316.53 crore in the year ended March 2026 as against Rs 2102.76 crore during the previous year ended March 2025. First Published: Apr 22 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 64.54% to Rs 339.04 crore For the full year,net profit rose 35.96% to Rs 204.37 crore in the year ended March 2026 as against Rs 150.32 crore during the previous year ended March 2025. Sales rose 31.73% to Rs 1123.84 crore in the year ended March 2026 as against Rs 853.13 crore during the previous year ended March 2025. First Published: Apr 22 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 143.34% to Rs 39.98 crore For the full year,net profit rose 38.96% to Rs 433.68 crore in the year ended March 2026 as against Rs 312.09 crore during the previous year ended March 2025. Sales rose 30.24% to Rs 397.34 crore in the year ended March 2026 as against Rs 305.08 crore during the previous year ended March 2025. First Published: Apr 22 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 13.78% to Rs 369.08 crore For the full year,net profit rose 7.64% to Rs 73.28 crore in the year ended March 2026 as against Rs 68.08 crore during the previous year ended March 2025. Sales declined 16.99% to Rs 1261.49 crore in the year ended March 2026 as against Rs 1519.63 crore during the previous year ended March 2025. First Published: Apr 22 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US electric vehicle maker Tesla has launched a fresh six-seater version of its best-selling Model Y in India on Wednesday, marking an expansion of its limited product lineup after a relatively subdued market entry ?last July. The new variant, called the Model Y L, features an extended wheelbase and is priced at ?62 lakh ($66,324.35), according to the company website. The model is positioned between Tesla's higher-end variant and its more affordable offering. The launch aligns with a growing trend among Indian consumers who are increasingly favouring larger, more premium vehicles equipped with touchscreen displays and sunroofs. This shift has helped propel demand for sport utility ?vehicles across the market. Tesla entered India, currently the world's third-largest automobile market, less than a year ago with its imported Model Y. Due to the country's steep 100% import tariff, the vehicle is priced much higher than in global markets. Currently, the Model Y rear-wheel-drive version is priced at roughly ?60 lakh, while the long-range rear-wheel-drive variant costs ?60 lakh. These price points position Tesla ?within a niche segment, as most cars sold in India are estimated to be priced below $22,000. The company's lower running costs, ?including maintenance and fuel, could allow buyers to recover about one-third of ?the Model Y's purchase price over four to five years, Tesla India Head Sharad Agarwal had previously told Reuters. Although the ?model Y L has not yet been launched in the United States, Tesla introduced the version in China last year, where it starts ?at 339,000 yuan ($49,687.80). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 22 2026 | 8:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 22 2026 | 8:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BEML said that it has secured an order from the Ministry of Defence for the supply of trawl assemblies, with an approximate contract value of Rs 590 crore. The order has been awarded under the provisions of Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, the company said in an exchange filing. The development reinforces BEMLs position as a key supplier of defence equipment and support systems to the Indian armed forces. BEML is a multi-technology Schedule A company under the Ministry of Defence, operating across three verticalsdefence & aerospace, mining & construction, and rail & metro. As of 31 March 2026, the Government of India held a 54.03% stake in the company. The company reported a consolidated net loss of Rs 22.38 crore in Q3 FY26, compared with a net profit of Rs 24.41 crore in Q3 FY25. Revenue from operations increased 23.69% year-on-year to Rs 1,083.27 crore for the quarter ended 31 December 2025. Shares of BEML rose 1.38% to end at Rs 1,768.50 on the BSE. 8 seo keyword in 1 line First Published: Apr 22 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to open lower on Wednesday, tracking losses in global equities after the second round of meeting between the US and Iran failed. First Published: Apr 22 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Motilal Oswal sector of the week: T&D sector; check top picks First Published: Apr 22 2026 | 7:57 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 22 2026 | 7:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 22 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 22 2026 | 7:18 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Buy Jubilant FoodWorks, Pidilite: Vinay Rajani's stock picks today, April 22, 2026 First Published: Apr 22 2026 | 7:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 21 2026 | 9:36 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shares were mixed Tuesday in Asia and oil prices slipped following the latest rise of US-Iran tensions. The lackluster start to trading Tuesday followed a modest retreat on Wall Street. But US futures edged higher. With the fate of talks between Iran and the US on ending the war unclear, the price for a barrel of Brent crude oil remained above $95, slipping just 0.4 per cent to $95.10 per barrel. US benchmark crude oil lost 0.9 per cent to $86.66 per barrel. In Tokyo, the Nikkei 225 climbed 1.1 per cent to 59,485.54 on strong gains for tech-related companies like Tokyo Electron, which rose 4.4 per cent. Tech and energy giant SoftBank Group Corp. gained 5.5 per cent. South Korea's Kospi jumped 1.8 per cent to 6,327.73 and Taiwan's Taiex advanced 1.7 per cent. The Hang Seng in Hong Kong edged 0.1 per cent lower, to 26,382.30 and the Shanghai Composite index lost 0.3 per cent to 4,068.28. Australia's S&P/ASX 200 declined 0.1 per cent to 8,942.80. US President Donald Trump attacked critics after a second round of talks with Iran was thrown into doubt by the US Navy's seizure of an Iranian-flagged cargo ship. Trump said Vice President JD Vance would be going to Islamabad, but the Iranian side made no commitment to more talks. Oil prices climbed Monday following the latest rise of tensions between the United States and Iran, but the moves were more modest than they were earlier in the war. US stocks, meanwhile, gave back a bit of their record-breaking rally. On Monday, the S&P 500 slipped 0.2 per cent from its all-time high and the Dow industrials edged less than 0.1 per cent lower. The Nasdaq composite fell 0.3 per cent. Worries over disruptions of supplies of oil from the Persian Gulf if Iran continues to block tankers from exiting the Strait of Hormuz are clouding investor sentiment. The next big deadline is looming on Tuesday night at 8 p.m. Eastern time, which is early Wednesday Tehran time, when a ceasefire agreement between the United States and Iran is scheduled to expire. "The current dynamic is one of a precarious balance of truce," Mizuho Bank said in a commentary, so "as the ceasefire draws to its 2-week deadline, the all-consuming question is whether both sides can seize on the talks to land on a US-Iran deal that ends the war." For now, oil prices remain well below the $119 per barrel level for Brent crude when fears were at their highest. And the S&P 500 is still above where it was before the war. On Wall Street on Monday, United Airlines sank 2.8 per cent, and American Airlines fell 4.2 per cent after American said it's not interested in a merger with United. Airline stocks had flown higher last week following a report saying United wanted to combine with its rival. On the winning side was TopBuild, a distributor of insulation and building products, which jumped 19.4 per cent. QXO is buying it in a deal valued at roughly $17 billion that it said would make it the continent's second-largest publicly traded building products distributor. Its stock fell 3.1 per cent. US companies have been reporting big profits for the first three months of 2026, helping to support the market. Several of the biggest US banks said last week that they see the US economy remaining resilient, particularly because of solid spending by US consumers. About a tenth of companies in the S&P 500 have already reported their results for the start of 2026. Nearly nine out of 10 have delivered a bigger profit than analysts expected, according to FactSet. If the rest of the companies in the index match analysts' expectations, overall earnings per share for S&P 500 companies will end up 13 per cent higher than a year earlier, it estimates. Other companies scheduled to report their results this week include UnitedHealth Group on Tuesday, Tesla on Wednesday and Procter & Gamble on Friday. In other dealings early Tuesday, the US dollar rose to 158.98 Japanese yen from 158.82 yen. The euro slipped to $1.1782 from $1.1789. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 21 2026 | 9:34 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wheat sowing for the 2026 Rabi season has increased to about 334.17 lakh hectares from 328.04 lakh hectares last year, indicating strong farmer confidence. Wheat production for 202526 is estimated at 120.2 million tonnes, suggesting a healthy supply situation. With this latest decision, total approved exports now stand at 50 lakh metric tonnes of wheat and 10 lakh metric tonnes of wheat products. The government said the move will improve market liquidity, help manage stocks efficiently, prevent distress sales during peak arrivals, and support stable prices while ensuring food security. First Published: Apr 21 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The ICI tracks the performance of eight key industriescoal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricitywhich together make up about 40% of the Index of Industrial Production (IIP). For February 2026, the final growth rate was revised to 2.8%. Meanwhile, the overall growth of these core industries for the full financial year 202526 stood at 2.6% compared to the previous year. First Published: Apr 21 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 56.36% to Rs 61.03 crore For the full year,net profit rose 74.31% to Rs 1.90 crore in the year ended March 2026 as against Rs 1.09 crore during the previous year ended March 2025. Sales declined 43.25% to Rs 370.40 crore in the year ended March 2026 as against Rs 652.72 crore during the previous year ended March 2025. First Published: Apr 21 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 21.03% to Rs 487.96 crore For the full year,net profit declined 21.23% to Rs 113.37 crore in the year ended March 2026 as against Rs 143.93 crore during the previous year ended March 2025. Sales rose 26.53% to Rs 1766.24 crore in the year ended March 2026 as against Rs 1395.90 crore during the previous year ended March 2025. First Published: Apr 21 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 7.90% to Rs 2181.53 crore For the full year,net profit rose 18.34% to Rs 2291.24 crore in the year ended March 2026 as against Rs 1936.14 crore during the previous year ended March 2025. Sales rose 10.95% to Rs 8504.52 crore in the year ended March 2026 as against Rs 7665.35 crore during the previous year ended March 2025. First Published: Apr 21 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales decline 56.72% to Rs 83.10 crore For the full year,net profit rose 350.16% to Rs 246.60 crore in the year ended March 2026 as against Rs 54.78 crore during the previous year ended March 2025. Sales rose 109.89% to Rs 679.85 crore in the year ended March 2026 as against Rs 323.91 crore during the previous year ended March 2025. First Published: Apr 21 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 10.92% to Rs 5.89 crore For the full year,net profit declined 15.84% to Rs 7.12 crore in the year ended March 2026 as against Rs 8.46 crore during the previous year ended March 2025. Sales declined 6.24% to Rs 25.11 crore in the year ended March 2026 as against Rs 26.78 crore during the previous year ended March 2025. First Published: Apr 21 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 17.27% to Rs 79.18 crore For the full year,net profit declined 65.16% to Rs 3.32 crore in the year ended March 2026 as against Rs 9.53 crore during the previous year ended March 2025. Sales rose 0.57% to Rs 306.60 crore in the year ended March 2026 as against Rs 304.87 crore during the previous year ended March 2025. First Published: Apr 21 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With milestone of 15000 deep freezer deployments across its retail network Krishival Foods has achieved a key milestone of deploying over 15,000 deep freezers across its retail network, significantly strengthening its cold chain infrastructure and last-mile distribution capabilities for its ice cream brand Melt N Mellow'. The company's deep freezer network has expanded significantly during the year, increasing from 3,732 units at the beginning of the year to 15,490 units as of March 31, 2026, reflecting a sharp scale-up in cold chain infrastructure. This milestone marks a critical step in the company's strategy to scale its ice cream business under the Melt n Mellow brand and enhance product availability across urban as well as Tier II and Tier III markets. The expanded freezer network is expected to support improved product visibility, consistent quality, and increased retail throughput. The company's distribution footprint already spans 30,000 plus retail touch points, supported by a strong network of distributors across Maharastra, Karnataka, Goa, Telangana and Andhra Pradesh. The addition of deep freezers further strengthens Melt N Mellow Ice Cream's ability to deliver temperature-sensitive products efficiently across geographies. Importantly, the freezer network expansion is closely aligned with the company's growth outlook. First Published: Apr 20 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 20 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Poonawalla Fincorp (PFL) today announced the launch of its next generation conversational AI platform for omnichannel customer service, marking a significant milestone in its AI-first transformation journey. Designed as a unified interaction layer, the platform will serve as the single customer service interface across channels, enabling a seamless and consistent experience. The platform will autonomously resolve up to 80% of voice and chat interactions, reducing service costs while improving customer experience. Complex or high-empathy cases are routed to human agents, allowing teams to focus where they add the most value. Powered by multi-agent AI orchestration, it features an industry-first contextual interface with real-time insights such as customer history, loan risk flags and sentiment analysis. This enables faster resolutions, higher first-contact closure and stronger compliance. First Published: Apr 20 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Mastek declined 2.92% to Rs 1,694 after its consolidated net profit declined 2.03% quarter-on-quarter (QoQ) to Rs 106.15 crore, despite a 3.56% QoQ increase in revenue from operations to Rs 938 crore in Q4 FY26. On a year-on-year (YoY) basis, the companys net profit and revenue rose 30.93% and 3.59%, respectively, in Q4 FY26. During the quarter, profit before tax (PBT) stood at Rs 125.23 crore, declining 11.30% QoQ but rising 18.23% YoY. Operating EBITDA stood at Rs 150.7 crore in Q4 FY26, down 0.8% QoQ but up 8.6% YoY. The operating EBITDA margin declined to 16.1% in Q4 FY26, compared with 16.8% in Q3 FY26 and 15.3% in Q4 FY25. In dollar terms, the firms revenue was $103.5 million in Q4 FY26, up 1.4% QoQ but down 1.1% YoY. In constant currency terms, revenue rose 0.3% QoQ and 5.8% YoY. The companys 12-month order backlog stood at Rs 2,849.2 crore ($300.4 million) as of 31 March 2026, compared with Rs 2,290.9 crore ($264.5 million) in Q4 FY25, reflecting a 24.4% YoY growth in rupee terms. On a sequential basis, backlog rose 7.2% QoQ from Rs 2,658.5 crore ($295.8 million) in Q3 FY26. The company added 12 new clients in Q4 FY26, taking total active clients to 326, compared with 333 in Q3 FY26. As of 31 March 2026, the company had a total of 4,730 employees, of which 3,195 were based offshore in India while the rest were at onsite locations. Employee count stood at 4,676 as of 31 December 2025. Last twelve months attrition stood at 17.4% in Q4 FY26, compared with 17.6% in Q3 FY26. Total cash, cash equivalents and fair value of mutual funds stood at Rs 938.5 crore as of 31 March 2026, compared with Rs 798.8 crore as of 31 December 2025. During the quarter, Mastek secured multiple strategic deals across healthcare, financial services, government, energy and technology sectors, strengthening its global AI-led transformation portfolio. Key wins include establishing an AI Centre of Excellence for a UK-based financial services firm, implementing a federal-level patient data system for a US health authority, and delivering a financial management platform for a South-East Asian insurer. The company also won engagements to build digital health solutions for the UK national health authority, modernise systems for a Middle Eastern healthcare authority, and unify enterprise platforms for a global energy logistics firm. Additional deals include partnerships for DevOps and customer service transformation in the US automotive sector and digital platform modernisation for a US-based technology company, all powered by Masteks AI-led solutions. Deepak Kedia, chief financial officer (CFO), Mastek, said: We delivered another quarter of resilient performance, sustaining steady profitability with operating EBITDA margins of 16.1% and PAT margins of 11.0%, despite absorbing the impact of annual wage revisions and labour code true-ups. Our emphasis on working capital efficiency is translating into tangible outcomes, with DSO improving to 73 days and a healthy addition to cash and cash equivalents of Rs 139.7 crore, resulting in a closing balance of Rs 938.5 crore. This robust cash generation further strengthens our balance sheet and enhances financial flexibility. Reflecting our continued commitment to shareholder returns, the Board has recommended a final dividend of Rs 16 per share, aggregating to 480% for the year (vs. 460% in FY25). While the macroeconomic environment remains uncertain, our deep client relationships, strong deal pipeline, and sustained operational rigor position us well to navigate near-term challenges and capitalize on emerging growth opportunities. The board has recommended a final dividend of Rs 16 per equity share (320%) on a face value of Rs 5 each for FY26. The total dividend for FY26, including the interim dividend of Rs 8 per share, stands at Rs 24 per share (480%) on a face value of Rs 5 each, compared with Rs 23 per share (460%) in the previous financial year. The record date will be announced later and disclosed to the exchanges. Mastek is a global provider of enterprise AI, digital, and cloud services, enabling clients to achieve measurable and sustainable returns on their technology investments. The company has a presence in over 40 countries and a skilled workforce of close to 5,000 employees. Through its Lead with AI approach, Mastek integrates intelligence across its solutions and operations, enabling organizations to accelerate transformation using ethical, scalable, and domain-driven AI adoption. First Published: Apr 20 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zen Technologies gained 2.23% to Rs 1,650.40 after the company announced that it has been granted an arms manufacturing licence by the Government of India under the Arms Act, 1959. The licence authorises the company to manufacture 12.7mm, 23mm, 30mm and 40mm cannons, which are used in air defence, naval operations and counter-unmanned aircraft system (C-UAS) roles. These rapid-fire cannons are designed as last-layer defence systems against drones, loitering munitions and low-flying aerial threats. When integrated with fire-control systems, radar, electro-optical/infrared (EO/IR) sensors and programmable ammunition, they provide enhanced precision and protection for strategic assets and infrastructure. The development is expected to strengthen Indias indigenous defence manufacturing ecosystem under the IDDM framework. Zen Technologies provides defence training and anti-drone solutions. It builds training systems for imparting defense training and measuring combat readiness of security forces. With a dedicated R&D (recognized by the Ministry of Science and Technology, Government of India) and production facility in Hyderabad, the company has applied for over 180+ patents and shipped more than 1,000 training systems around the world. The consolidated net profit jumped 37.9% to Rs 54.77 crore on 16.8% rise in revenue from operations to Rs 177.82 crore in Q3 FY26 over Q3 FY25. First Published: Apr 20 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks rise as markets eye Iran conflict resolution. U.S. stocks have surged over 10% since late March lows, fueled by optimism for an end to the war or measures to avoid a global economic meltdown. Markets now await confirmation if these hopes prove prescient or mere wishful thinking. Pakistan's army chief met Iran's parliament speaker to push for extending the ceasefire halting nearly seven weeks of Israel-U.S.-Iran conflict, as oil prices rose 4.7% to $99.39 per Brent barrelfrom $70 pre-war to peaks of $119 on supply fears. U.S. firms meanwhile beat profit expectations for early 2026, bolstering stocks that track corporate earnings long-term. Oil prices climbed, showing that caution still remains in financial markets. The price for a barrel of Brent crude oil, the international standard, rose 4.7% to settle at $99.39. Its gone from roughly $70 before the war to as high as $119 at times on uncertainty about how long the war will keep oil stuck in the Persian Gulf area and away from customers. PepsiCo rose 2.3% after reporting better results for the latest quarter than analysts expected. Customers bought more snacks during the quarter, after the company said in February it would cut prices on Lays, Doritos, Cheetos and Tostitos chips to win back people frustrated by high prices. J.B. Hunt Transport Services vroomed 6.3% higher, and Marsh & McLennan climbed 4.4% after both likewise delivered stronger results than expected. Technology stocks also broadly got some support after Taiwan Semiconductor Manufacturing Co., an industry heavyweight, reported stronger revenue and profit for the start of 2026 than analysts expected. Abbott fell 6% even though it reported slightly better results than analysts expected. Allbirds slumped 35.8%, but that gave back only a portion of its 582% surge from the day before. The company formerly known for sneakers is pivoting to the artificial-intelligence industry and hopes to rent out the use of high-powered AI chips as a service. In stock markets abroad, indexes climbed across much of Europe and Asia. Japans Nikkei 225 jumped 2.4%, South Koreas Kospi rallied 2.2% and Hong Kongs Hang Seng rose 1.7% for some of the worlds larger moves. China on Thursday reported 5% economic growth for the January-March quarter, an acceleration from the previous quarter. In the bond market Treasury yields rose a bit after a report showed fewer U.S. workers applied for unemployment benefits last week. The yield on the 10-year Treasury rose to 4.31% from 4.29% late Wednesday. First Published: Apr 20 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 20 2026 | 9:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 36.11% to Rs 0.49 crore For the full year,net loss reported to Rs 4.85 crore in the year ended March 2026 as against net loss of Rs 22.02 crore during the previous year ended March 2025. Sales rose 66.32% to Rs 1.58 crore in the year ended March 2026 as against Rs 0.95 crore during the previous year ended March 2025. First Published: Apr 20 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 98.23% to Rs 1063.96 crore For the full year,net profit rose 95.76% to Rs 45.22 crore in the year ended March 2026 as against Rs 23.10 crore during the previous year ended March 2025. Sales rose 48.34% to Rs 3384.46 crore in the year ended March 2026 as against Rs 2281.48 crore during the previous year ended March 2025. First Published: Apr 20 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net profit rose 761.19% to Rs 11.54 crore in the year ended March 2026 as against Rs 1.34 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: Apr 20 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 19 2026 | 2:58 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 19 2026 | 2:52 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
On the domestic front, focus will shift to the ongoing Q4 FY26 earnings season. Stock markets would keenly track developments in the US-Iran conflict, crude oil prices and quarterly earnings from corporates for further direction this week, analysts said. Besides, trading activity of foreign investors would also influence trading in the markets, they noted. "Geopolitical developments in the US-Iran conflict will remain a key monitorable, given their direct impact on crude oil prices and global risk sentiment," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Meanwhile, the ceasefire between the US and Iran is set to expire on April 22. On the domestic front, focus will shift to the ongoing Q4 FY26 earnings season, he said. "Market participants will initially react to results from banking heavyweights such as HDFC Bank and ICICI Bank. Subsequently, several key companies, including HCL Technologies, Infosys, Tech Mahindra, Havells, IndusInd Bank, Shriram Finance, are scheduled to announce their results," Mishra added. The country's largest private-sector lender, HDFC Bank, on Saturday reported an 8.04 per cent jump in March quarter consolidated net profit to Rs 20,350.76 crore, but flagged near-term risks from the West Asia conflict for a segment of small-business borrowers. ICICI Bank on Saturday reported a 9.28 per cent rise in consolidated net profit to Rs 14,755 crore for the March quarter, helped by a nearly 90 per cent drop in provisioning. Santosh Meena, Head of Research at Swastika Investmart Ltd, said, "The primary driver for the coming week will be the deluge of Q4 earnings reports, alongside a keen focus on US macro data and ongoing geopolitical shifts." Last week, the BSE benchmark Sensex jumped 943.29 points, or 1.21 per cent, and the NSE Nifty climbed 302.95 points or 1.25 per cent. "Investor attention will be focused on the trajectory of US-Iran negotiations, with greater emphasis on signs of a durable resolution rather than short-term headlines, given the implications for global risk assets, capital flows and crude oil prices. "Continued stability or further moderation in crude prices could provide a meaningful tailwind for equities and support the broader macro outlook," Ponmudi R, CEO -- Enrich Money, an online trading and wealth tech firm, said. After the US and Israel launched an attack on Iran on February 28, Tehran largely halted traffic through the Strait of Hormuz that carries one-fifth of global oil supplies. Following Tehran's announcement on Friday that it has opened the waterway for commercial traffic, several commercial vessels tried to cross it. However, Tehran on Saturday said it has again closed the waterway, alleging that the US violated a certain understanding reached between the two sides. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 19 2026 | 2:42 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 19 2026 | 2:39 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The hack surpasses an earlier breach of Solana-based project Drift as the biggest DeFi exploit this year. First Published: Apr 19 2026 | 2:18 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The agricultural equipment range covers harvesting machines and land preparation tools. Kolkata-based Nipha Group has launched a brand OneHorn, as part of a push to expand its agriculture machinery business in at least 20 states and 10 countries, including the US and European markets, company officials said on Sunday. Its chairman Mahesh Chandra Shah said the Indian agricultural ecosystem was at an inflection point where mechanisation and entrepreneurship must come together. "With our brand, we are building a structured, partner-first platform that enables our channel associates to grow as agripreneurs - stronger, more profitable, and future-ready," he said. The company, which began its agri-business journey in 1988 with spare part supplies before graduating to components and then full machines, claimed that OneHorn is the first brand in eastern India to offer a diversified range of agri equipment with a make-in-India focus. Executive Director Aakash Shah said the brand is designed to give partners "the right products, systems, and support to scale their business with confidence". Managing Director Rakesh Shah said, "We started with spare part supplies, added components, went to machines, and now this is a launch of our own brand," he said. He said agricultural equipment is a form of forward integration and accounts for about 10 per cent of the company's overall business, with the agri segment currently clocking around Rs 60 crore in annual sales against the group's overall turnover of around Rs 500 crore. "We'll go to Rs 100 crore very soon," he said, adding that the B2C (business-to-consumer) push through the brand could add another Rs 50 crore from this segment in a year. Shah said the company has invested around Rs 60 crore in its agri equipment business over eight to nine years and continues to invest Rs 50-60 crore annually across all operations. "At the moment we are a zero-debt company, but if need be, banks are more than willing," he said. In West Bengal, he said, mechanisation levels remain among the lowest in the country due to fragmented landholdings, and OneHorn's range includes smaller equipment suited to such plots. The agricultural equipment range covers harvesting machines and land preparation tools. Around 352 channel partners attended the launch, including representatives from Bangladesh and Nepal. Rakesh Shah said the company is targeting 20,000 channel partners across 20 states and 10 countries by the end of FY'27, with the US, Bangladesh, Nepal, Sri Lanka and select European markets in focus for exports. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 19 2026 | 1:23 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The combined market valuation of eight of the top-10 most valued firms surged by Rs 1,87,497.45 crore in a holiday-shortened last week, with Bharti Airtel emerging as the biggest gainer, in line with a positive trend in equities. Last week, the BSE benchmark Sensex jumped 943.29 points or 1.21 per cent, and the NSE Nifty climbed 302.95 points or 1.25 per cent. "Markets ended the truncated week with notable gains, extending their uptrend for the second consecutive week, supported by easing geopolitical tensions and improving risk sentiment. Optimism surrounding a potential USIran peace agreement underpinned market confidence, while stable domestic fundamentals further aided momentum," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The market valuation of Bharti Airtel jumped Rs 58,831.52 crore to Rs 11,25,125.21 crore, the most among the top-10 firms. The valuation of Life Insurance Corporation of India (LIC) surged Rs 27,608.62 crore to Rs 5,32,691.31 crore. Tata Consultancy Services (TCS) added Rs 20,731.64 crore, taking its market valuation to Rs 9,34,063.56 crore. The market capitalisation (mcap) of Reliance Industries rallied by Rs 20,231.05 crore to Rs 18,47,317.84 crore and that of Larsen & Toubro climbed Rs 18,577.91 crore to Rs 5,63,314.50 crore. ICICI Bank's mcap edged higher by Rs 18,266.82 crore to Rs 9,65,008.67 crore. The valuation of State Bank of India went up by Rs 12,599.79 crore to Rs 9,97,229.77 crore and that of Infosys went by Rs 10,650.1 crore to Rs 5,34,774.50 crore. However, mcap of HDFC Bank dropped by Rs 16,163.04 crore to Rs 12,31,315.53 crore. The market valuation of Bajaj Finance diminished by Rs 9,769.3 crore to Rs 5,65,437.17 crore. Reliance Industries remained the most valued firm followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Infosys, LIC. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 19 2026 | 1:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The combined market valuation of eight of the top-10 most valued firms surged by Rs 1,87,497.45 crore in a holiday-shortened last week, with Bharti Airtel emerging as the biggest gainer, in line with a positive trend in equities. Last week, the BSE benchmark Sensex jumped 943.29 points or 1.21 per cent, and the NSE Nifty climbed 302.95 points or 1.25 per cent. "Markets ended the truncated week with notable gains, extending their uptrend for the second consecutive week, supported by easing geopolitical tensions and improving risk sentiment. Optimism surrounding a potential USIran peace agreement underpinned market confidence, while stable domestic fundamentals further aided momentum," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The market valuation of Bharti Airtel jumped Rs 58,831.52 crore to Rs 11,25,125.21 crore, the most among the top-10 firms. The valuation of Life Insurance Corporation of India (LIC) surged Rs 27,608.62 crore to Rs 5,32,691.31 crore. Tata Consultancy Services (TCS) added Rs 20,731.64 crore, taking its market valuation to Rs 9,34,063.56 crore. The market capitalisation (mcap) of Reliance Industries rallied by Rs 20,231.05 crore to Rs 18,47,317.84 crore and that of Larsen & Toubro climbed Rs 18,577.91 crore to Rs 5,63,314.50 crore. ICICI Bank's mcap edged higher by Rs 18,266.82 crore to Rs 9,65,008.67 crore. The valuation of State Bank of India went up by Rs 12,599.79 crore to Rs 9,97,229.77 crore and that of Infosys went by Rs 10,650.1 crore to Rs 5,34,774.50 crore. However, mcap of HDFC Bank dropped by Rs 16,163.04 crore to Rs 12,31,315.53 crore. The market valuation of Bajaj Finance diminished by Rs 9,769.3 crore to Rs 5,65,437.17 crore. Reliance Industries remained the most valued firm followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Infosys, LIC. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 19 2026 | 1:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Each subsidiary has been incorporated with a paid-up capital of Rs 10 lakh | Bloomberg Adani Enterprises Ltd (AEL) said its step-down unit has incorporated three wholly-owned subsidiaries focused on hotel and real estate development as part of its airport city expansion strategy. Adani Airport City Ltd, a step-down wholly-owned subsidiary of the company, has set up Adani Navi Mumbai Airport City Ltd, Adani Guwahati Airport City Ltd and Adani Ahmedabad Airport City Ltd. The new entities will undertake real estate activities including construction, along with hotels featuring integrated restaurants, banquets and business centres, according to a regulatory filing by the company. The newly incorporated entities "shall be engaged in the business of real estate activities with own or leased property, construction of buildings carried out on own - account basis or on a fee or contract basis - hotels with integrated restaurants, banquets and business centres," it said. It however did not elaborate if the plan included construction of hotels within the vicinity of airports it operates. Each subsidiary has been incorporated with a paid-up capital of Rs 10 lakh, with shares subscribed in cash at face value, and is fully owned by Adani Airport City Ltd. Adani Airport Holdings Limited was incorporated in 2019 as a 100 per cent subsidiary of AEL and today it is the largest airport infrastructure company, with its eight airports accounting for 25 per cent of passenger footfalls and 33 per cent of India's air cargo traffic. It manages airports at Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. It also holds 73 per cent in Mumbai International Airport Ltd, which, in turn, holds 74 per cent in Navi Mumbai International Airport Ltd. Adani Airport City Ltd is a unit of Adani Airport Holdings Ltd. The conglomerate has previously outlined a USD 15 billion expansion plan of its Indian airport portfolio by 2030, aiming to boost capacity to 200 million annual passengers. The plan, which supports the upcoming IPO of its airport unit, focuses on expansion of existing, high-traffic airports, including Ahmedabad, Jaipur, Thiruvananthapuram, Lucknow, and Guwahati. It recently opened the Navi Mumbai airport with capacity to initially handle 20 million passengers. The group's overall airport capacity is being targeted to be raised by over 60 per cent, positioning to manage rising air travel demand, which is projected to surpass 300 million passengers in India by 2030. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 19 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The NGO said price increases disproportionately affect vulnerable sections. A Gujarat-based NGO has urged the government to bring nutraceuticals, including fortified foods and health supplements, under the ambit of drug regulators by implementing the recommendations of a 2024 inter-ministerial committee, citing concerns over product quality and unregulated pricing. In a representation to Union Health Minister JP Nadda, the organisation 'Right to Life' said the current regulatory framework, which classifies nutraceuticals as food products under the Food Safety and Standards Authority of India (FSSAI), has led to a "serious dilution" of manufacturing standards and oversight. The NGO argued that many nutraceuticals are routinely prescribed by doctors across specialties such as cardiology, orthopaedics and gynaecology as adjunct therapeutic interventions, and are dispensed through pharmacies in a manner similar to prescription drugs. "Patients have a reasonable expectation that such products meet pharmaceutical-grade quality and safety standards. However, their classification as food items results in weaker regulatory scrutiny," the representation stated. The representation has also been posted by the NGO on its X handle @RighttoLife_Org. It further claimed that unlike drugs regulated by the Central Drugs Standard Control Organisation (CDSCO), nutraceuticals are not subject to mandatory pre-market batch testing, pharmacopoeial standards or strict labelling compliance, increasing the risk of substandard or mislabelled products. Citing studies and regulatory analyses, the NGO alleged the presence of widespread issues such as adulteration, incorrect dosages and undeclared ingredients in nutraceuticals sold in India, with limited post-market surveillance mechanisms. The representation also raised concerns over pricing, noting that nutraceuticals are currently outside the purview of the National Pharmaceutical Pricing Authority (NPPA) following their reclassification under the Food Safety and Standards Act. "This has enabled unchecked price escalation, with several commonly prescribed nutraceutical formulations witnessing increases of 200 to 300 per cent or more, compared to capped price hikes of around 10 per cent annually for essential drugs under the Drug Price Control Order (DPCO)," it said. The NGO said such price increases disproportionately affect vulnerable sections, including elderly patients, those with chronic conditions and pregnant women who rely on supplements like iron, folic acid and omega-3 formulations. Referring to the findings of the 2024 inter-ministerial committee, it said the panel had recommended that nutraceuticals making disease risk reduction (DRR) claims should be regulated under the CDSCO instead of the FSSAI. The committee had also called for stricter Good Manufacturing Practice (GMP) requirements for such products and suggested limiting FSSAI's jurisdiction to nutritional and general health claims that do not pertain to specific diseases. "The recommendations recognise that nutraceuticals making therapeutic claims are functionally akin to drugs and warrant pharmaceutical-grade regulation," the NGO said. It urged the government to restore CDSCO oversight for such products, mandate WHO-GMP compliance for manufacturers and reinstate NPPA price controls to prevent exploitative pricing. The NGO warned that failure to address these regulatory gaps could continue to compromise public health and impose significant financial burden on patients. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 19 2026 | 10:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 19 2026 | 6:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Marsons announced that it has received purchase orders worth Rs 15.38 crore from Inox Solar for the design and supply of 3.15 MVA, 3.5 MVA and 35 MVA power transformers. Marsons is engaged in the business of manufacturing, trading & servicing of transformer, transformer goods & other rental income. The companys consolidated net profit rose 2.5% to Rs 6.48 crore on 4% increase in net sales to Rs 45.94 crore in Q3 FY26 over Q3 FY25. The counter shed 0.83% to end at Rs 156 on the BSE. First Published: Apr 18 2026 | 6:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Texmaco Rail & Engineering announced that it has secured an order worth Rs 3.06 crore from Modern Coach Factory, Raebareli. The company clarified that neither its promoters nor promoter group entities have any interest in the awarding entity, and the transaction does not qualify as a related-party transaction. Texmaco Rail & Engineering (TEXMACO) is a listed company and part of the Adventz Group. Texmaco is a key player in the railway and infrastructure sector. It operates across three business segments: Freight Cars, Rail Infrastructure & Green Energy, and Infrastructure Electrical. The company reported a 44.65% decline in consolidated net profit to Rs 42.27 crore in Q3 FY26, compared to Rs 76.38 crore posted in Q3 FY25. Revenue from operations fell 21.45% year-on-year (YoY) to Rs 1,041.59 crore in the quarter ended 31 December 2025. The counter advanced 2.35% to Rs 106.03 on the BSE. First Published: Apr 18 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ICICI Bank has reported 8.5% rise in standalone net profit to Rs 13,702 crore in Q4 FY26 from Rs 12,630 crore in Q4 FY25. Net interest income (NII) increased by 8.4% year-on-year (YoY) to Rs 22,979 crore in Q4 FY26. Net interest margin was 4.32% in Q4 FY26 as against 4.41% in Q4 FY25. Non-interest income added up to Rs 7,415 crore (up 5.6% YoY) and fee income aggregated to Rs 6,779 crore (up 7.5% YoY) during the period under review. Operating expenses increased by 12.05% YoY to Rs 12,089 crore in Q4 FY26 from Rs 10,789 crore in Q3 FY25. Provisions (excluding provision for tax) decreased to Rs 96 crore in Q4 FY26 from Rs 891 crore in Q4 FY25, reflecting healthy asset quality and higher recoveries and write-backs. Profit before tax in Q4 FY26 stood at Rs 18,103 crore, up by 7.9% from Rs 16,773 crore in Q4 FY25. Total advances increased by 15.8% year-on-year to Rs 15,53,893 crore at 31 March 2025. Total period-end deposits increased by 11.4% year-on-year to Rs 17,94,625 crore at 31 March 2025. With the addition of 126 branches during Q4-2026 and 528 branches in FY2026, the bank had a network of 7,511 branches and 12,087 ATMs & cash recycling machines at 31 March 2026. The gross NPA ratio was 1.40% on 31 March 2026 compared to 1.53% on 31 December 2025 and 1.67% on 31 March 2025. The net NPA ratio was 0.33% on 31 March 2026 compared to 0.37% on 31 December 2025 and 0.39% at 31 March 2025. The bank has written-off gross NPAs amounting to Rs 1,768 crore in Q4-2026. The provisioning coverage ratio on non-performing loans was 75.8% on 31 March 2026. As on 31 March 2026, the bank held total provisions, other than specific provisions on fund based outstanding to borrowers classified as non-performing, amounting to Rs 22,710 crore or 1.5% of loans. The banks total capital adequacy ratio as on 31 March 2026 was 17.18% and CET-1 ratio was 16.35% after reckoning the impact of proposed dividend compared to the minimum regulatory requirements of 11.70% and 8.20% respectively. For FY26, the bank has registered net profit and net interest income of Rs 50,147 crore (up 6.18% YoY) and Rs 88,075 crore (up 8.51% YoY), respectively. The board of the bank has recommended a dividend of Rs 12 per share for FY26. The record/book closure dates will be announced in due course. ICICI Bank (IBL) is a systemically important private sector bank in India. With a presence in banking, insurance, asset management, investment banking and private equity, the ICICI Group is a large player in the Indian financial system. The scrip had risen 0.15% to end at Rs 1347.50 on the BSE on Friday. First Published: Apr 18 2026 | 5:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rubicon Research rose 1.02% to Rs 879 after it has announced the acquisition of an 85% equity stake in Arinna Lifesciences, a branded pharmaceutical marketing company focused on the CNS and neuro-psychiatric segment in India. The deal values Arinna at an enterprise value of Rs 200 crore on a cash and debt-free basis, with the purchase consideration for the stake pegged at around Rs 175.92 crore. The transaction will be executed entirely in cash and is subject to customary closing conditions and regulatory approvals. Incorporated in 2013, Arinna operates a portfolio of over 60 brands across chronic therapies, including antiepileptics, antidepressants, antipsychotics and thymoleptics. The company has an established distribution network covering more than 4,000 prescribers across India through stockists, distributors and retail pharmacies. Arinna reported turnover of Rs 71.5 crore in FY25, Rs 65.14 crore in FY24, and Rs 60.06 crore in FY23, indicating steady growth in its domestic formulations business. Rubicon said the acquisition strengthens its strategy of expanding in chronic therapies, particularly the CNS segment, where it sees long-term growth potential. The company added that Arinnas distribution reach and product portfolio, along with its pipeline of specialty products and drug-device combinations, will support deeper access to patients and prescribers in India. The acquisition is expected to be completed within one month of signing definitive agreements, or within mutually agreed timelines. Commenting on the acquisition, Parag Sancheti, Rubicons Chief Executive Officer said The past decade has demonstrated the effectiveness of Rubicons playbook of R&D innovation, execution rigor and impeccable compliance standards which enabled us to scale our US revenues by over 32 x from FY15 to FY25 while delivering best-in-class return ratios. Arinna now provides us a launchpad for deploying this playbook in the Indian domestic formulations market. Strategic M&A has always been integral to Rubicons strategy and our confidence stems from having successfully integrated and scaled acquisitions to foray into new segments such as US branded specialty in 2024 and nasal products development in 2020. I am pleased to welcome Vivek and the Arinna team to the Rubicon family. Rubicon Research is a pharmaceutical formulations company focused on innovation-led research and development, with a growing portfolio of specialty products and drugdevice combination offerings aimed at regulated markets. The companys consolidated net profit climbed 91.2% to Rs 72.79 crore on 51.73% increase in revenue from operations to Rs 475.52 crore in Q3 FY26 over Q3 FY25. First Published: Apr 17 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 17 2026 | 9:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Further, the Company has received a LOA variation order from Salem Division, Southern Railway (SR) Zone of Indian Railways, for Provision of Passenger Information System in connection with Amrit Bharat Scheme at Tirupattur, Samalpatti, Morappur, Bommidi, Salem stations and CAMC for a period of five years of Salem Division, for an amount of Rs. 1,09,45,604. First Published: Apr 17 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty April 2026 futures currently traded 37.50 points lower, suggesting a red opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 382.36 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 3,427.75 crore in the Indian equity market on 16 April 2026, provisional data showed. The FIIs had sold shares worth Rs 39,907.30 crore in April (till 16 April 2026). This follows their cash sales of Rs 122,540.41 crore in March, Rs 6,640.78 crore in February and Rs 41,435.22 crore in January 2026. Global Markets: Asia markets traded lower Friday, as cautious optimism over the Middle East conflict tempered sentiment, diverging from Wall Streets record-setting rally. The U.S. President Donald Trump on Friday said that the war in Iran should be ending pretty soon, reiterating rosy predictions about the end of the conflict. Hours earlier, Trump confirmed that Israel and Lebanon had agreed to a 10-day ceasefire. Irans parliament speaker has said that Israel halting attacks on Lebanon is a key condition for U.S.-Iran negotiations to start. The next round of in-person talks between the U.S. and Iran may occur probably, maybe, next weekend, Trump reportedly said on Thursday. A two-week ceasefire between the U.S. and Iran will expire on April 21. Overnight on Wall Street, the S&P 500 and Nasdaq Composite rose to fresh all-time highs on Thursday, adding to their strong gains this week on optimism for a possible resolution to the Iran war. The broad market index gained 0.26% to close at 7,041.28, while the Nasdaq gained 0.36% to settle at 24,102.70. The Dow Jones Industrial Average added 115 points, or 0.24%, and ended at 48,578.72. Stocks have risen in recent days on hopes for an eventual peace deal between the two nations. The S&P 500 kicked off the week by wiping out all of its losses since the beginning of the Iran war. Even if a U.S.-Iran peace deal were to come to fruition in the near term like investors anticipate, there could still be some market volatility approaching due to the wars potential impact on the U.S. economy. Domestic Market: The headline equity indices erased early gains to end marginally lower in a volatile session on Thursday. Tracking positive global cues, the markets opened higher on optimism around a potential US-Iran peace deal and held gains in the first half. However, selling pressure in the latter half wiped out intraday advances, pulling the Nifty 50 below the 24,200 mark. Private banks and auto stocks led the decline, while metal and IT shares provided some support. Volatility remained elevated due to the weekly expiry of Sensex derivatives and the ongoing Q4 earnings season, with investors closely monitoring signs of de-escalation between the United States and Iran. The S&P BSE Sensex declined 122.56 points or 0.16% to 77,988.68. The Nifty 50 index fell 34.55 points or 0.14% to 24,196.75. First Published: Apr 17 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Through its wholly owned subsidiary - Lumel SA The contract, valued at 3 million (Rs 30 crore), covers the supply of advanced electronic devices for industrial automation applications within the energy sector. The agreement is valid through the end of 2027, with potential for extension based on mutual agreement and project requirements. This marks the second order from the same customer, demonstrating the strength of the relationship and continued confidence in Lumel SA's capabilities and solutions. This strategic engagement follows several months of collaborative development and engineering between the teams at Lumel SA and the German partner, resulting in tailored solutions designed to address specific technical and operational requirements of the energy sector. The new order reinforces Lumel SA's international expansion strategy and underscores its commitment to innovation. First Published: Apr 17 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lupin Pharmaceuticals, Inc. USA (LPI), a wholly owned subsidiary of the Company, has been involved in multiple civil lawsuits alleging anticompetitive behavior related to certain products and violation of federal and state antitrust laws. These multiple civil lawsuits were then combined into the collection of similar cases referred to as In Re Generic Pharmaceuticals Antitrust Litigation (Litigation), located in Philadelphia, Pennsylvania. While LPI denies the allegations but considering that other defendants have recently settled the case and in order to avoid the costs and uncertainties of continued Litigation, LPI has entered into a Settlement Agreement (Agreement) with one of the Plaintiffs namely Humana Inc. (Humana). Under the terms of the Agreement, LPI will pay USD 30 million (US Dollars Thirty million) in consideration for a full and final release of all claims against LPI and its current and former parents, affiliates, directors, employees and officers by Humana. This amount of settlement has already been provided in the Company's prior consolidated financial results. The settlement explicitly states that LPI denies all allegations made against it, and that the Agreement does not imply any admission of liability or unlawful conduct by LPI. First Published: Apr 17 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 131.31% to Rs 1102.40 crore For the full year,net profit rose 108.89% to Rs 478.70 crore in the year ended March 2026 as against Rs 229.16 crore during the previous year ended March 2025. Sales rose 108.51% to Rs 3331.42 crore in the year ended March 2026 as against Rs 1597.75 crore during the previous year ended March 2025. First Published: Apr 17 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 38.20% to Rs 1459.42 crore For the full year,net profit declined 21.93% to Rs 915.10 crore in the year ended March 2026 as against Rs 1172.08 crore during the previous year ended March 2025. Sales declined 1.94% to Rs 5136.61 crore in the year ended March 2026 as against Rs 5238.38 crore during the previous year ended March 2025. First Published: Apr 17 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 0.31 crore in the year ended March 2026 as against net loss of Rs 0.29 crore during the previous year ended March 2025. Sales rose 70.42% to Rs 1.21 crore in the year ended March 2026 as against Rs 0.71 crore during the previous year ended March 2025. First Published: Apr 17 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 30.95% to Rs 456.54 crore For the full year,net profit rose 0.64% to Rs 292.26 crore in the year ended March 2026 as against Rs 290.40 crore during the previous year ended March 2025. Sales rose 4.75% to Rs 1460.74 crore in the year ended March 2026 as against Rs 1394.55 crore during the previous year ended March 2025. First Published: Apr 17 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The government has extended support under the ?10,900 crore PM E-DRIVE scheme. First Published: Apr 14 2026 | 5:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Apr 14 2026 | 5:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gail (India) said that its board has approved the setting-up of a greenfield 600 MW solar project in Uttar Pradesh. The companys current solar capacity is approximately 29 MW. The aforementioned 600 MW solar project would also host a 550 MWh co-located battery energy storage system (BESS). The project would be completed within a period of 15 months and the total cost of the same would be Rs 3,294.86 crore. The project would be funded via a mix of debt and equity. GAIL (lndia) is the largest state-owned natural gas processing and distribution company in the country. It has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, liquid hydrocarbons and petrochemicals, transmission of natural gas and LPG through pipelines, etc. The company reported 19.5% drop in standalone net profit to Rs 1602.57 crore on a 2.5% fall in gross sales to Rs 34,075.81 crore in Q3 FY26 as compared with Q3 FY25. The scrip had shed 0.26% to end at Rs 153.65 on the BSE on Monday. First Published: Apr 14 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Meanwhile, Samrat Choudhary is set to take over as the next Chief Minister after being elected leader of the Bharatiya Janata Party Legislature Party in the state. This will mark the first time that the BJP will have its own Chief Minister in Bihar. The swearing-in ceremony of the new government is expected to take place on 15 April 2026 at Lok Bhawan, with Narendra Modi likely to attend the event. In a social media post, Kumar said that a new government would now take charge of the states affairs. He extended his full cooperation and guidance to the incoming administration and thanked the people for their support in Bihars development. Kumars resignation marks the end of a significant political chapter in the state. He served as Chief Minister for over two decades and had taken oath for a record tenth term on 20 November 2025. His latest tenure concluded on 14 April 2026, coinciding with the end of the Kharmas period. First Published: Apr 14 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 4:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Overnight - 7.90% One month - 8.20% Three month - 8.40% Six month - 8.65% One year - 8.75% Two year - 8.75% Three year - 8.85% First Published: Apr 14 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 3:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ACME Solar Holdings (ASHL), through its wholly owned subsidiary i.e. ACME Surya Power, has commissioned the fourth phase of 32.366 MW / 145.435 MWh capacity of Battery Energy Storage System (BESS) Project located at Village: Jaimalsar, Dist: Bikaner, State: Rajasthan, on 13 April 2026. The Commercial operation date (COD) for the stated phase-IV shall be 15 April 2026. With this, ACME Surya Power has achieved a commissioned capacity of 13 .50 MW / 626.875 MWh. First Published: Apr 14 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Poonawalla Fincorp announced the successful completion of its Qualified Institutions Placement (QIP), raising Rs 2,500 crore. The issue saw strong participation from institutional investors, long-term funds, reflecting continued confidence in the Company's strategy and growth outlook. Key Transaction Highlights: First Published: Apr 14 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bluspring Enterprises said that Bluspring New Horizon Two has entered into a definitive agreement to acquire 100% shareholding of LSG Sky Chefs (India) (LSG India), marking its strategic entry into the aviation catering sector. Bluspring New Horizon Two is a wholly owned subsidiary of Bluspring Enterprises. LSG India is ultimately owned by AURELIUS, a global private equity investor widely recognised for its operational approach and operates airline catering facilities at Bengaluru and Hyderabad airports. The proposed transaction involves the acquisition of the Bengaluru operations, with the Hyderabad operations to be carved out prior to closing. The transaction is expected to close within the next 6090 days, subject to customary closing conditions. Founded in 2001, LSG India is a leading provider of in-flight catering and allied aviation services for domestic and international airlines, including IndiGo, Lufthansa, Etihad and Qatar Airways. Backed by strong operational infrastructure, the Bengaluru kitchen spans an area of 9,272 square meters with a capacity of approximately 15,000 meals per day, and additional expansion potential to support future growth. The companys integrated catering and logistics capabilities enable it to cover the end-to-end aviation catering value chain. The company had recorded turnover of Rs 101 crore in FY25. Bluspring Enterprises has acquired 100% stake in LSG Sky Chefs (India) for a total consideration of Rs 129 crore. The acquisition gives Bluspring access to in-flight catering facilities operating at Bengaluru Airport under a long-term concession agreement until 2039. According to Bangalore International Airport (BIAL) estimates, air passenger traffic at Bengaluru airport is poised to rise from 45 million now to over 70 million by 2030, which would provide Bluspring with a strong platform to capture the high growth aviation catering business across India. Kamal Pal Hoda, executive director & CEO, Bluspring Enterprises, said: "This acquisition marks a strategic milestone for Bluspring as we enter the aviation services ecosystem through a high-quality operating asset at Bengaluru Airport. It gives us immediate scale in a niche, high-entry-barrier segment while creating opportunities to expand into adjacent airport-linked services. The business complements our existing food services vertical, significantly expanding margins and ROE, and supports our long-term growth and profitability ambitions. Bluspring Enterprises is an integrated infrastructure services enterprise. It delivers integrated facility management, food and hospitality, security (powered by Terrier), engineering asset management (powered by Hofincons), and telecom networks (powered by Vedang) through its category-leading brands. The scrip had added 3.44% to end at Rs 66.83 on the BSE yesterday. First Published: Apr 14 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Eimco Elecon (India) reported a 57.22% year-on-year decline in standalone net profit to Rs 6.36 crore for the quarter ended 31 March 2026, compared with Rs 14.87 crore in the corresponding quarter last year. However, revenue from operations rose 4.04% to Rs 66.88 crore in Q4 FY26 as against Rs 64.28 crore in Q4 FY25. Profit before tax (PBT) slumped 54.55% year on year (YoY) to Rs 8.94 crore in Q4 FY26. Total expenses jumped 16.09% to Rs 56.62 crore in Q4 FY26, compared with Rs 48.77 crore in Q4 FY25. Cost of material consumed stood at Rs 22.97 crore (down 21.44% YoY) while compensation to distributors stood at Rs 7.57 crore (up 1.61% YoY) during the period under review. The company has recommended a dividend of Rs 4 per equity share (40%) on 57,68,385 fully paid-up equity shares of Rs 10 each for FY26. The dividend is subject to shareholder approval at the upcoming Annual General Meeting (AGM) and will be paid within 30 days of its conclusion. Eimco Elecon (India) is principally engaged in the business of manufacturing of equipment for mining and construction sector. Shares of Eimco Elecon (India) fell 0.20% to end at Rs 1,760.50 on Monday, 13 April 2026. The stock market will remain closed today on account of Dr Babasaheb Ambedkar Jayanti. First Published: Apr 14 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 13 April 2026 The existing Authorised equity share capital of LIC is Rs. 25,000 crore and the paid up equity share capital is Rs. 6,324.99 crore. Post proposed bonus issuance of 1:1, the paid up equity share capital shall increase to Rs. 12,649.99 crore. The Reserves & Surplus (In India) stood at Rs. 1,46,440.58 crore as at 31st December 2025 and the Profit After Tax for nine month period ended 31st December, 2025 was Rs. 33,998 crore. First Published: Apr 14 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Monarch Surveyors and Engineering Consultants said that it has secured a contract worth Rs 130 crore from Northern Railway for survey and land acquisition-related works. The contract involves carrying out Final Location Survey (FLS), including geotechnical studies, design, and preparation of drawings, along with other preliminary activities for preparation of detailed project reports (DPRs), land acquisition, and EPC tender documentation. The scope also includes facilitating the Competent Authority for Land Acquisition (CALA) for railway projects such as new lines, bypass/chord lines, doubling or multi-tracking, and flyovers under Northern Railway. The project is to be executed within 36 months from the date of issuance of the letter of acceptance. The contract has been awarded by a domestic entity and will be executed within India. The transaction does not fall under related party transactions, and the promoter or promoter group companies do not have any interest in the awarding entity, the company added. The contract is subject to necessary approvals from relevant governmental authorities and will be executed on a cash consideration basis. Monarch Surveyors provides end-to-end consultancy services for infrastructure projects, including survey, design, and technical supervision for roads, railways, metros, town planning, geospatial mapping, land acquisition, water, transmission lines, pipelines, and other civil engineering sectors. The company reported a 16.1% rise in standalone net profit to Rs 34.83 crore, on a 10.5% increase in revenue to Rs 154.14 crore in FY25 compared with FY24. Shares of Monarch Surveyors and Engineering Consultants added 0.91% to end at Rs 217 on Monday, 13 April 2026. The stock market will remain closed today on account of Dr Babasaheb Ambedkar Jayanti. First Published: Apr 14 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rahul Chari, Co-Founder & CTO, PhonePe This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rahul Chari, Co-Founder & CTO, PhonePe First Published: Apr 14 2026 | 2:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 2:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 2:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With effect from 14 April 2026 Deven Jani, Vice President - Strategic Sourcing who was heading the strategic sourcing function and also taking care of initiatives under i2v (Innovate to Value) and ESG will be moving out of strategic sourcing and re-designated as Vice President - i2v & ESG Head. Under the new role Mr. Deven will take on a focused role as i2v & ESG Leader and cease to be part of the Senior Management Personnel of the Company w.e.f 14 April 2026. Shirish Shah has been appointed as Vice President - Strategic Sourcing, in the category of Senior Management of the Company w.e.f. 14 April 2026. First Published: Apr 14 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RailTel Corporation of India announced that it has secured a work order worth Rs 43.96 crore from the Uttar Pradesh Police Recruitment and Promotion Board. The contract entails providing security-related ancillary services during recruitment examinations conducted by the board. The order, awarded by a domestic entity, is to be executed by 12 April 2028, the company said in a regulatory filing. RailTel added that neither its promoters nor promoter group companies have any interest in the awarding entity and the transaction does not fall under related party dealings. The work order was received on 13 April 2026, at 15:39 IST and will be executed under an actual use basis revenue model along with fixed income terms. Separately, the company said that a previously awarded work order worth Rs 17.12 crore from the Navodaya Vidyalaya Samiti has been cancelled. The cancellation was due to unavoidable administrative circumstances, RailTel said, adding that it has not specified the financial impact of the development. RailTel Corporation of India was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways. The companys standalone net profit declined 4.07% to Rs 62.40 crore in Q3 FY26, compared with Rs 65.05 crore in Q3 FY25. However, revenue from operations rose 18.99% YoY to Rs 913.45 crore in Q3 FY26. Shares of RailTel Corporation of India shed 0.47% to end at Rs 284.45 on Monday, 13 April 2026. The stock market will remain closed today on account of Dr Babasaheb Ambedkar Jayanti. First Published: Apr 14 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aditya Birla Real Estate said that Birla Estates has recorded a strong response to Phase-4 of Birla Trimaya, generating bookings of approximately Rs 650 crore. This represents over 85% of the total booking value of the launched inventory for the phase, with around 460 units sold, reflecting sustained homebuyer interest in the development. With this, the cumulative booking value across all launched phases of Birla Trimaya stands at approximately Rs 2,459 crore. Birla Trimaya is a premium township offering, featuring 1 to 4 BHK residences. The township is spread across a 52-acre development in Devanahalli, North Bengaluru. Devanahalli continues to emerge as one of Bengaluru's fastest-growing residential corridors, driven by its proximity to Kempegowda International Airport. Strong connectivity via NH-44, Hebbal, and the Outer Ring Road, along with ongoing infrastructure upgrades and expansion of IT and employment hubs in North Bengaluru, is steadily driving residential demand beyond the city's traditional core. The company further said that Birla Trimaya has consistently witnessed strong buyer traction across its previous launches. The Phase-I was completely sold out within 36 hours, clocking bookings of approximately Rs 500 crore. Phase-II achieved nearly Rs 600 crore in bookings within 24 hours, while Phase III recorded around Rs 500 crore in bookings within the first 24 hours of launch. KT Jithendran, MD & CEO Birla Estates said: "The robust response to Birla Trimaya Phase-4 reflects the increasing maturity of homebuyer demand in North Bengaluru, with buyers prioritising well-planned developments that offer both quality of life and long-term value." Aditya Birla Real Estate (formerly known as Century Textiles and Industries) was established in 1897. It has a presence in the cotton textiles, pulp & paper, and real estate sectors. The company reported a consolidated net loss of Rs 72.85 crore in Q3 FY26, compared with a net loss of Rs 40.59 crore in Q3 FY25. Total income declined 56.70% year-on-year (YoY) to Rs 90.33 crore for the quarter ended 31 December 2025. The scrip had gained 0.33% to end at Rs 1364.75 on the BSE on Monday. First Published: Apr 14 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Every $10 per barrel increase in crude adds roughly ?6 per litre to marketing losses, the report said Losses on petrol have widened to ?18 per litre and to ?35 on diesel as state-owned fuel retailers continue to keep pump prices frozen despite a sharp rise in input costs, sources said. Despite prices being deregulated more than a decade back, state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have not changed the retail petrol and diesel price since April 2022. Global crude oil prices have seen sharp fluctuations over this period - from above $100 per barrel following the Russia-Ukraine war, to easing to around $70 a barrel earlier this year, before surging again to about $120 last month after the US-Israel attacks on Iran triggered fresh supply concerns. The three firms were incurring losses of about ?2,400 crore per day at the peak last month, which have since narrowed to around ?1,600 crore daily after the government cut excise duty on petrol and diesel by ?10 per litre each - a reduction that was not passed on to consumers but used to partly offset losses, industry sources said. The losses in March have wiped away all gains they made in January/February, they said, adding the three firms are most likely to post losses in the January-March quarter. Macquarie Group, in a report on 'India Fuel Retail', said, "At spot petrol-diesel pricing of $135-165 per barrel, we estimate India's oil marketing companies lose ?18 and ?35 per litre on petrol and diesel sales (respectively)." Every $10 per barrel increase in crude adds roughly ?6 per litre to marketing losses, the report said. The brokerage flagged a high likelihood of retail fuel price hikes after elections in key states like West Bengal and Tamil Nadu at the end of this month. "We see risk of higher pump prices post state elections in April." India, which imported about 88 per cent of its crude oil requirement in 2025, remains highly exposed to global price swings. Around 45 per cent of imports came from the Middle East, 35 per cent from Russia and 6 per cent from the United States. Despite this, the country continued to be a net exporter of key petroleum products, including diesel, petrol and aviation turbine fuel. While the government cut excise duty on fuels by ?10 per litre in March, central levies have been on a declining trend and now stand at ?11.9 per litre on petrol and ?7.8 per litre on diesel. Even a complete removal of excise duties would not fully offset OMC losses at current prices, the report noted. State-level VAT rates, however, have largely remained stable. The fiscal implications of further tax cuts could be significant. Based on provisional consumption estimates of about 170 billion litres in FY26, a full rollback of excise duties could lead to an annual revenue loss of around $36 billion, widening the fiscal deficit by an estimated 80 basis points, it said. The contribution of fuel excise duties to government revenue has already declined to about 8 per cent in FY26 from 22 per cent in FY17, and now accounts for less than a fifth of the fiscal deficit, down from a peak of 45 per cent. Higher crude prices also pose a risk to India's external balances. The current account deficit, which was near balance in mid-2025, is expected to widen to around $20 billion in the first quarter of 2026. A sustained $10 per barrel rise in crude could expand the deficit by roughly 30 basis points of GDP, assuming no policy response, the Macquarie report said. Earnings visibility for OMCs remains uncertain, with every $1 per barrel change in crude prices impacting EBITDA by about 5 per cent. The sector's break-even crude price is estimated at $80-85 per barrel. Given the outlook, Macquarie Group said it prefers utilities over oil marketing companies in the near term. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 14 2026 | 1:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Zinc said that it has been declared as successful bidder for the Jhandawali - Satipura Amalgamated Potash and Halite Block in Rajasthan following participation in the e-auction conducted by the Ministry of Mines, Government of India. The company secured the block with the highest final price offer of 3.05%, as per a notification dated 12 April 2026. The Jhandawali Satipura Amalgamated Potash and Halite Block is at G3 level of exploration with total area of 1841.22 hectares for the block. Hindustan Zinc, part of the Vedanta Group, is the worlds largest integrated zinc producer and among the top five silver producers globally. The company exports to more than 40 countries and holds around 77% share of Indias primary zinc market. The companys consolidated net profit jumped 46.23% to Rs 3916 crore while net sales rose 27.81% to Rs 10627 crore in Q3 December 2025 over Q3 December 2024. The counter shed 0.27% end at Rs 562.60 on Monday, 13 April 2026. The stock market will remain closed today on account of Dr Babasaheb Ambedkar Jayanti. First Published: Apr 14 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Life Insurance Corporation of India (LIC) announced that its board has approved the issuance of bonus equity shares in the ratio of 1:1 to the existing shareholders. The companys existing authorised equity share capital stands at Rs 25,000 crore while its paid up equity share capital is Rs. 6,324.99 crore. Post proposed bonus issuance of 1:1, the paid up equity share capital shall increase to Rs 12,649.99 crore. The reserves & surplus (In India) stood at Rs 1,46,440.58 crore as at 31st December 2025 and the company posted a profit after tax of Rs 33,998 crore for the nine-month period ended 31 December 2025. R Doraiswamy, CEO & MD, LIC said, Since listing in May 2022, LIC has been paying dividends consistently and also increasing the dividend per share over a period of time from Rs 1.50 per share to Rs 12 per share. We have been continuously evaluating various mechanisms for rewarding our shareholders and we believe this proposed bonus issue is a significant step taken by us in that direction. We are thankful to our shareholders for their support, patience and belief in our strategy and execution. We are confident that our entire transformation initiatives are leading to tangible results and will continue to yield better outcomes for all. LIC is engaged in the business of Life Insurance in and outside India. It offers a range of individual and group insurance solutions including participating, non-participating and unit linked business. The portfolio comprises of various insurance and investment products such as protection, pension, savings, investment, annuity, health, variable and CRAC. On a consolidated basis, net profit rose 17.46% YoY to Rs 12,930.44 crore in Q3 FY26, while total income increased 15.74% YoY to Rs 2,36,776.30 crore compared with Q3 FY25. The counter rose 0.71% to settle at Rs 804.25 on Monday, 13 April 2026. The stock market will remain closed today on account of Dr Babasaheb Ambedkar Jayanti. First Published: Apr 14 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank of India (RBI) announced the sale (re-issue) of two dated securities for a notified amount of ?32,000 crore. The government has announced the sale of 6.36% GS 2031 for a notified amount of ?21,000 crore and 6.90% GS 2065 for a notified amount of ?11,000 crore. GoI will have the option to retain additional subscription up to ?2,000 crore against each security. The auction will be conducted using multiple price method. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution on April 17, 2026 (Friday). First Published: Apr 14 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FPIs sold equities worth ?1.12 trillion in March—their highest monthly outflow on record First Published: Apr 14 2026 | 11:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Just Dial reported a 36.54% decline in standalone net profit to Rs 100 crore, despite a 6.23% increase in net revenue to Rs 307.24 crore in Q4 FY26 over Q4 FY25. Operating EBITDA rose marginally by 3.13% YoY to Rs 88.8 crore. However, EBITDA margin declined by 86 basis points to 28.9% in Q4 FY26, down from 29.8% in the same quarter last year. Total traffic (unique visitors) stood at 182.4 million during the quarter, marking a 4.7% YoY decline. Of this, 85.7% of traffic originated from mobile platforms, 11.5% from desktop/PC, and 2.8% from the voice platform. Total ratings and reviews increased to 157.1 million at the end of the quarter, growing 2.9% YoY. During the quarter, Active paid campaigns stood at 631,530, registering a 3% YoY increase. On a full-year basis, standalone net profit declined 14.92% YoY to Rs 497.02 crore, while total revenue rose 6.29% to Rs 1,213.86 crore in FY26 compared to FY25. Shwetank Dixit, Chief Growth Officer, Just Dial, commented: FY26 was an important year for Justdial, as we continued to evolve the platform into a more intelligent and automation-driven experience. During the year, we made meaningful progress in building AI-led tools aimed at helping businesses manage and grow their digital presence more effectively. We also began integrating agentic-AI across key areas such as sales workflows and content management to improve efficiency and scalability. As we move into FY27, our focus will be on expanding these capabilities across more customer and merchant touchpoints. Our focus remains on building a platform where users can easily find what they need and businesses can connect with genuine customers and grow efficiently. Meanwhile, the companys board announced that Abhishek Bansal will step down from his role as chief financial officer and key managerial personnel, effective at the close of business hours on 15 April 2026, citing personal career considerations and a desire to explore opportunities outside the company. Just Dial is the market leader in the local search engine segment in India. The company provides local search-related services to users across India in a platform-agnostic manner. The counter slipped 1.54% to end at Rs 572.35 on the BSE. First Published: Apr 14 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Strait of Hormuz First Published: Apr 14 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Washington probably hopes that Beijing will convince Iran to soften its demands at the negotiating table, as it has done previously First Published: Apr 14 2026 | 10:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First large-scale Sobha Realty development in Abu Dhabi First Published: Apr 14 2026 | 9:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ArisInfra Solutions said that it has signed a memorandum of understanding (MoU) with Capacit'e Infraprojects for the procurement of construction and building materials worth a minimum aggregate value of Rs 800 crore. The company clarified that neither the promoter/promoter group has any interest in the counterparty nor does the transaction fall under related party transactions. ArisInfra Solutions is a B2B tech company that simplifies the procurement process for construction materials throughout India. It serves real estate and infrastructure developers. It provides a complete digital platform for sourcing materials such as cement, steel, aggregates, RMC, and more. The company's consolidated net profit surged 791.2% to Rs 18.27 crore on a 49% rise in revenue to Rs 270.84 crore in Q3 FY26 as compared with Q3 FY25. Shares of ArisInfra Solutions ended flat at Rs 113.01 on 13 April 2026. First Published: Apr 14 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Mohali-based diesel engine maker Swaraj Engines reported a 20.12% jump in net profit to Rs 54.56 crore in Q4 FY26, compared with Rs 45.42 crore in Q4 FY25. Engine sales for the quarter stood at 55,004 units, up from 45,594 units sold in Q4 FY25. The company highlighted consistent growth across all four quarters of FY26, marking its sixth consecutive year of higher engine sales and profit compared to previous years. For the full year, net operating revenue rose 19.3% YoY to Rs 2,007.13 crore, up from Rs 1,681.89 crore in FY25. Profit before exceptional items and tax stood at Rs 266.98 crore, compared to Rs 223.05 crore in the previous year. Profit after tax increased 18.3% to Rs 196.31 crore from Rs 165.98 crore, marking the companys highest-ever annual profit. The company also reported its highest-ever annual engine sales volume in FY26, crossing the 200,000-unit milestone for the first time. Q4 FY26 also recorded the highest quarterly engine sales volume. The board has recommended an equity dividend of 1100% (Rs 110 per share) for the financial year ending 31 March 2026. The record date for the AGM and dividend is set as 3 July 2026. The dividend, if approved, will be paid or dispatched after 20 July 2026, within the stipulated timeline. Swaraj Engines (SEL) was set up in 1985 in Mohali, Punjab, and is primarily engaged in the business of supplying engines to the Swaraj Division of Mahindra & Mahindra (M&M). Shares of Swaraj Engines shed 0.96% to settle at Rs 3,900.95 on 13 April 2026. First Published: Apr 14 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
H.G. Infra Engineering has secured an order worth Rs 519.33 crore from Mirzapur Thermal Energy (UP) for the execution of civil and railway infrastructure works at its 2x800 MW thermal power project in Mirzapur, Uttar Pradesh. The order has been awarded by a domestic entity. The promoter/promoter group has no interest in the awarding entity, and the contract does not fall under related party transactions. H.G. Infra Engineering (HGIEL) is an Indian road infrastructure company engaged in the business of Engineering, Procurement, and Construction (EPC) services and maintenance of roads, bridges, flyovers, and other infrastructure contract works. On a consolidated basis, the company's net profit fell 18.1% to Rs 94.28 crore, despite a 12.4% rise in revenue from operations to Rs 1,421.16 crore in Q3 FY26 compared to Q3 FY25. Shares of H.G. Infra Engineering rose 1.59% to settle at Rs 553.90 on 13 April 2026. First Published: Apr 14 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 7:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The naval formation is accompanied by multiple support and escort vessels The United States Navy currently maintains a presence of at least 15 ships in the Middle East region, including the aircraft carrier USS Abraham Lincoln and 11 destroyers, which could potentially take part in a maritime blockade of Iran's ports, according to a US official, following orders from President Donald Trump, CNN reported. However, it remains unclear which specific vessels are positioned or designated for participation in the blockade, as earlier assessments indicate that the naval assets are widely dispersed across the US Central Command's area of operations. The deployed fleet includes the aircraft carrier USS Abraham Lincoln along with 11 destroyers, including the USS Bainbridge, USS Thomas Hudner, USS Frank E. Petersen Jr., USS Delbert D. Black, USS John Finn, USS Michael Murphy, USS Mitscher, USS Pinckney, USS Rafael Peralta, USS Spruance and USS Milius. In addition, the Tripoli Amphibious Ready Group, comprising USS Tripoli, USS New Orleans, and USS Rushmore, is also deployed in the region. The naval formation is accompanied by multiple support and escort vessels; however, it would need to transit either through the Suez Canal or exit the Mediterranean Sea and sail around Africa before reaching a position suitable to support any blockade operations. Meanwhile, the US president imposed a naval blockade on Iranian ports, following marathon talks in Pakistan over the weekend that failed to yield any agreement. The heightened military pressure follows the collapse of high-level diplomatic efforts aimed at resolving the regional crisis. The US President maintained that the primary sticking point in the negotiations remains Tehran's nuclear ambitions, asserting that "Iran will not have a nuclear weapon." Reflecting on the failed weekend dialogue, Trump noted, "We agreed to a lot of things, but they didn't agree to that, and I think they will agree to it. I'm almost sure of it. In fact, I am sure of it." Trump issued a stark ultimatum regarding the ongoing diplomatic efforts, stating, "If they don't agree, there's no deal. There will never be a deal." Beyond the nuclear freeze, the US has prioritised the retrieval of enriched uranium currently held within Iran. "We're going to get the dust back. We'll get it back. Either we'll get it back from them or we'll take it," the President added. The urgency of the situation is underscored by a two-week ceasefire Trump announced last week. However, following the faltering of peace talks in Pakistan, Vice President JD Vance confirmed that Iran would not commit to forgoing a nuclear weapon. Trump warned that if an agreement is not reached by the end of the ceasefire, "it won't be pleasant for them." When questioned by reporters if his previous threat that "a whole civilization will die" still stands should the ceasefire expire without a deal, the President declined to elaborate further. "I don't want to comment on that, but it won't be pleasant for them. Let me put it that way," Trump responded. Before the current pause in hostilities, the US President had threatened to destroy Iran's power plants, suggesting it "makes no difference to me" whether an agreement is ultimately reached. Despite the unilateral nature of the current US military action, Trump claimed that "other countries," though he did not specify which, are offering to help the United States' blockade of Iranian ports. While he did not specify which nations had reached out, he suggested that the US was capable of maintaining the maritime pressure alone. "We don't need other countries, frankly. But they've offered their services," the President said, adding that further details regarding international involvement will be "let it be known, probably tomorrow. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 14 2026 | 7:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices fell in early Asian trade on Tuesday as signs of potential US-Iran dialogue to end their war reduced concerns about supply risks stemming from the US blockade of the Strait of Hormuz. Brent futures declined by $1.86, or 1.87 per cent, to $97.50, while US West Texas Intermediate (WTI) crude fell $2.25, or 2.27 per cent, to $96.83 by 0003 GMT. Both benchmarks had ?risen in the previous session, with Brent climbing more than 4 per cent and WTI nearly 3 per cent, after the US military began a blockade nL6N40V09S of Iran's ports. The US military said nL1N40W0DH on Monday that its blockade of the Strait of Hormuz would extend east to the Gulf of Oman and Arabian Sea, while ship-tracking data showed two ships turned around in the strait as the blockade went into effect. Iran, in response, threatened to target ports in Gulf-bordering nations following the collapse of weekend talks in Islamabad aimed at resolving the crisis. "Despite the breakdown of peace talks in Pakistan over the weekend, Trump has managed to take some steam out of the oil price again dangling carrot of a possible deal," ?said Tim Waterer, chief market analyst at KCM Trade. Sources familiar with the negotiations said dialogue nL4N40W0L7 between Iran and the US was still alive, while Pakistani Prime Minister Shehbaz Sharif affirmed ongoing efforts to de-escalate tensions. Trump said on Monday that Iran "wants to make a deal" nL6N40W11B. ANZ analysts estimate L1N40W154 that about 10 million barrels per day of crude supply have been effectively removed from the market, adding that a prolonged US blockade could curb an additional 3 million to 4 million bpd of crude shipments. "The oil market no longer needs a worst-case escalation to justify higher pricing levels. Tight balances alone are sufficient to sustain the price of Brent ?near or above recent threshold levels," ANZ said in a client note. Nato allies, including Britain and France, refrained nL8N40W0OM from joining the blockade, advocating instead for reopening the vital waterway. US Energy Secretary Chris Wright suggested ?nL1N40W11Y oil prices could peak in "the next few weeks" once shipping resumes through the Strait of Hormuz. The International Monetary ?Fund, the World Bank, and the International Energy Agency urged countries nL1N40W0Y8 to avoid hoarding energy supplies or imposing export curbs amid what they described as the most significant shock ever to the global energy ?market. IEA chief Fatih Birol said nL1N40W0TE on Monday that while further strategic oil releases might not yet be necessary, the agency remains prepared to act if needed. Meanwhile, the Organization of the Petroleum Exporting Countries scaled ?back nL6N40W0P6 its second-quarter global demand forecast by 500,000 bpd in its latest monthly report. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 14 2026 | 7:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
President Donald Trump said Monday that the US military has begun a blockade of all Iranian ports and coastal areas and Iran responded with threats on ports in the Persian Gulf and the Gulf of Oman. Trump had vowed earlier to block the Strait of Hormuz entirely. Trump later suggested he was willing to engage with Iran, saying he had spoken to "the other side." This came after he warned on social media that Iranian warships coming "anywhere close" to the US blockade would be destroyed. Ceasefire talks between the US and Iran ended Sunday without an agreement, raising questions about what happens when the current two-week truce expires on April 22. The Israeli military, meanwhile, pushed ahead with its offensive in southern Lebanon, engaging in fierce fighting with Hezbollah militants over a strategic town, while the group fires rockets and drones at northern Israel. Vice President JD Vance said in an interview with FOX News Channel's "Special Report" that negotiations "did make some progress" in the Islamabad talks on the US insistence on the removal of nuclear material from Iran as well as a mechanism to ensure uranium cannot be enriched in the future. "They moved in our direction," Vance said in the interview. He said he thought Iranian negotiators were "unable to cut a deal" and needed to get approval from others in Tehran. Vance also said that US negotiators made clear that Trump "would be very happy if Iran was treated like a normal country, if it had a normal economy," but he did not go into details about what he meant. "There really is, I think, a grand deal to be had here. But, it's up to the Iranians, I think, to take the next step," Vance said. The White House was not responsive to queries about whether new talks were being weighed. "President Trump, Vice President Vance and the negotiating team have made the US red lines very clear. The Iranians desperation for a deal will only increase with President Trump's highly effective Naval blockade now in effect," White House press secretary Karoline Leavitt said. The sides are weighing new in-person negotiations in a bid to reach a deal aimed at ending their six-week war before the ceasefire expires next week, two US officials and person familiar with the development said. The three said discussions were still underway about a new round of talks, while a diplomat from one of the mediating countries went further to say Tehran and Washington have agreed to it. All four spoke on condition of anonymity to discuss sensitive diplomatic negotiations. It's unclear if the same level of delegation would be expected to attend, the diplomat and US officials said. The diplomat and US officials said Islamabad, Pakistan, was once again being discussed as the host location. The US officials also said Geneva was a possibility, and that while the venue and timing had not been decided, the talks could happen Thursday. The White House didn't immediately respond to a message seeking comment. Trump told reporters earlier Monday that "we've been called by the other side" and "they want to work a deal." Iran's representative to the United Nations has demanded compensation from countries it says participated in the US and Israeli war effort against Iran. Iran's state media report the nations include Bahrain, Saudi Arabia, Qatar, the United Arab Emirates and Jordan. Iran's official news agency, IRNA, said that the UN representative, Amir-Saeid Iravani, claimed the countries had violated international law and had to "make full compensation for the damages caused to the Islamic Republic of Iran, including payment of compensation for all material and moral damages resulting from their international violations." The directors of the International Monetary Fund, the World Bank and the International Energy Agency said Monday that the war's damage to energy facilities could keep fuel and fertilizer prices high for "a prolonged period." Fatih Birol, executive director of the IEA, said the disruptions to oil supplies from the conflict is "the greatest energy security challenge in history." One-third of the 80 Mideast energy facilities his agency is monitoring have been damaged. Birol spoke at IMF headquarters after meeting with Kristalina Georgieva, managing director of the IMF, and Ajay Banga, president of the World Bank. Birol warned that April could be worse than March for the world economy because many fuel shipments from before the war were still arriving in ports last month. US oil prices were $98 a barrel in afternoon trading, after topping $100 earlier Monday. But military officials have offered few details about how a blockade of Iranian ports would actually work. Aside from the aircraft carrier USS Abraham Lincoln, the US Navy has 11 destroyers, three amphibious assault ships, and a littoral combat ship, all in the waters of the West Asia, a defence official said. A second defence official says no U.S. warships are in the Persian Gulf - the body of water that forms most of Iran's coastline. Both officials spoke on condition of anonymity to discuss sensitive military operations. Trump said the blockade had taken effect Monday. The second defence official pointed to a notice to mariners as a more accurate representation of the military's plans. It says access to Iranian ports is being restricted, but how these measures "will be applied in practice ... are in development." The S&P 500 rallied 1% Monday and is back to within 1.3% of its record. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite rose 1.2%. Even in the oil market, where prices jumped above $100 per barrel after ceasefire talks failed to end the war, prices pared their leaps as Monday progressed. The moves for financial markets overall were much more modest than the extreme swings that have hit since the war began in late February. The Israeli leader says the war against Iran was a powerful contrast to the Holocaust. In an address marking Israel's annual Holocaust memorial day, Netanyahu said that while Jews were like an "abused animal crying in agony" at the hands of the Nazis, the modern state of Israel fights back against its enemies. He then listed several Iranian nuclear sites alongside Nazi death camps. "Had we not acted, the names Natanz, Fordow, Isfahan and Parchin might have been remembered eternally in infamy, just like Auschwitz, Treblinka, Majdanek, and Sobibor," he said. Netanyahu often uses the annual address to lash out at Iran. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 14 2026 | 6:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shapoorji Pallonji Group Chairman Shapoor Mistry First Published: Apr 13 2026 | 11:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The number of IPOs withdrawn also declined to 16 in FY26, from 19 in the previous year This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market participants said the sharp recovery from the day’s lows reflects expectations that diplomatic efforts could resume First Published: Apr 13 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For procurement of construction materials worth Rs 800 cr over next 5 years Arisinfra Solutions and Capacite Infraprojects have entered into a Memorandum of Understanding (MoU) for the procurement of construction materials worth Rs 800 crore over five years through the ARIS platform. "To our knowledge, this is one of the first long-term, formally structured procurement commitments of its kind in the Indian construction industry", added the company. The partnership formalises and scales a proven relationship. The two companies have already transacted over Rs 600 crore in construction materials across 15+ project sites, spanning over 100 material SKUs in stone aggregates, ready-mix concrete, steel, electricals, plumbing, and other construction materials, supported by a vendor network of 500+ suppliers on the ARIS platform. Under the MoU, Capacite Infraprojects formally locks in its procurement onto the ARIS platform on a structured, multi-year basis. First Published: Apr 13 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sharon Pais, who previously served as Myntra's chief business officer and, before that, held a retail sales role at Procter & Gamble covering South India, brings continuity to the platform at a strategically sensitive moment. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In a volatile global landscape, staying informed is a strategic necessity. Get 15 days of Blueprint on us - the deep-dive analysis you won't find in the daily news. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 13 2026 | 7:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Apr 13 2026 | 6:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices jumped back above $100 a barrel on Monday as the US Navy prepared to block ships to and from Iran via the Strait of Hormuz in a move that could restrict Iranian oil exports after Washington and Tehran failed to reach a deal to end the war. Brent crude futures gained $6.81, or 7.2 per cent , to $102.01 a barrel by 1129 GMT ?after settling 0.75 per cent down on Friday. US West Texas Intermediate was up $7.50, or 7.8 per cent , at $104.07 after a 1.33 per cent loss in the previous session. President Donald Trump said on Sunday that the US Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran failed to reach a deal to end the war, jeopardising a fragile two-week ceasefire. He added that the price of oil and gasoline could remain high through November's US midterm elections, a rare acknowledgement of the potential political fallout from his decision to attack Iran six weeks ago. "The announced US blockade marks an admission that the ceasefire's central premise - at least as interpreted by the US - which was the reopening of the Strait, is untenable for now," said Erik Meyersson, analyst ?at Nordic bank SEB. U.S. Central Command said that US forces would begin implementing the blockade of all maritime traffic entering and exiting Iranian ports at 10 a.m. ET (1400 GMT) on Monday. It would be "enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas, including all Iranian ports on the Arabian Gulf and Gulf of Oman", CENTCOM said in a statement on X. US forces would not impede freedom of navigation for vessels transiting the Strait of Hormuz to and from non-Iranian ports, it added. Iran's Revolutionary Guards said on Sunday that any military vessels attempting to approach the Strait of Hormuz would be considered in violation of the ceasefire and be dealt with harshly ?and decisively. Prices for physical crude barrels are trading at significant premiums to futures, with some grades already at record highs of about $150 a barrel. "[If] President Trump does indeed back his blockade threat with actual boats, a convergence between ?the paper and physical markets may soon come," said RBC Capital Markets analyst Helima Croft. Oil tankers are steering clear of the Strait of Hormuz ahead of the US blockade on Iran, shipping data on LSEG showed. However, three supertankers fully laden with oil passed through the strait on Saturday, shipping data showed. They appeared to be the ?first vessels to exit the Gulf since the ceasefire deal was struck last week. On Sunday, Saudi Arabia said it had restored full oil pumping capacity through the East-West pipeline to about 7 million barrels per day after ?damage to its energy sector from attacks during the Iran conflict. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 13 2026 | 6:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The dollar firmed on Monday after peace talks between the US and Iran broke down and as the US Navy prepared a blockade of Iranian ports, while the Hungarian forint jumped after the centre-right Tisza party defeated Viktor Orban in a landslide election victory. The euro was down 0.2 per cent at $1.1698, while the British pound fell 0.2 per cent to $1.3439, although both were above earlier lows. The risk-sensitive Australian dollar was 0.3 per cent lower at $0.7052 and the New Zealand ?dollar was off 0.1 per cent at $0.5834. President Donald Trump on Sunday said the US Navy would start blockading the Strait of Hormuz after talks with Iran failed to lead to a deal to end the war, jeopardising a fragile two-week ceasefire. The US Central Command said US forces would begin implementing the blockade of all maritime traffic entering and exiting Iranian ports from 10 a.m. ET (1400 GMT) on Monday. "What we're seeing this morning is positive for the dollar, but we're not seeing the large movements that we saw earlier in the war," said Tommy von Brömsen, foreign exchange strategist at Handelsbanken, adding that the US inability to conduct sound policy could start to push investors away from the US currency. The war in the Middle East has pushed energy prices sharply higher, stoking worries about higher inflation and lower global growth. Brent crude futures are up about 7 per cent on Monday to around $102 per barrel. The dollar has tended to benefit when tensions between Iran and the US have flared, given its ?status as a safe haven and the limited exposure of the US to imported energy-price inflation. The Norwegian crown and Canadian dollar are relatively outperforming, with both currencies sensitive to movements in energy prices. "Beneath the surface, today's price action looks less risk-led and more driven by relative terms of trade shifts," said Goldman Sachs analyst Teresa Alves. Meanwhile, Friday's data from the Commodity Futures Trading Commission showed that speculators raised their net long positions in the US dollar in the latest week. Positioning in the euro flipped to a net short for the first time since March last year, the CFTC data showed. The Hungarian forint surged nL8N40W056 after veteran nationalist leader Viktor Orban lost power to Peter Magyar's Tisza party in Sunday's national election after 16 years in office. The currency rallied as much as 2.4 per cent to 311.4 against the dollar - its strongest level since February 2022 - and jumped 2 per cent against the ?euro. "The constitutional majority allows for a smooth transfer of power for the opposition and a faster path to unlocking EU funds, which are the main focus of investors, giving Hungarian assets another reason to extend their rally," said ING FX strategist Frantisek Taborsky. Against the yen, the U.S. dollar was up ?0.3 per cent at 159.69 as yields on Japan's benchmark 10-year government bonds jumped 5.5 basis points to 2.49 per cent , the highest in almost three decades. Bank of Japan nL1N40W05N ?Governor Kazuo Ueda said on Monday that economic and price developments were moving roughly in line with the bank's forecasts, but called for vigilance over the impact of the conflict in the Middle East. Analysts said Ueda's speech could be one of the last opportunities for the BOJ ?to signal whether it will raise interest rates later this month. Money market traders are pricing in about 7 basis points of tightening at the April 28 meeting, implying an almost 30 per cent chance of a quarter-point hike. "The risk of policy errors is relatively high in Japan and Europe, which ?means that money will tend to return to USD assets for lack of better alternatives," analysts from Nomura wrote in a note. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 13 2026 | 6:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 13 2026 | 6:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India has ramped up supply of smaller 5-kg LPG cylinders and accelerated the rollout of piped natural gas (PNG) connections as it manages fuel availability amid disruptions triggered by the West Asia conflict. More than 13 lakh 5-kg free trade LPG cylinders have been sold since March 23, with daily sales rising above 100,000 units, as authorities expand access for migrant workers and low-income consumers, according to an official statement. At the same time, over 424,000 new PNG connections have been activated since March, with more than 30,000 consumers surrendering LPG connections as part of the transition. The six-week long war in West Asia has disrupted global energy supply. India relied on import of half of its crude oil, 40 per cent of its gas and 85-90 per cent of LPG from the region was also impacted. While it has managed to make up for the shortfall in crude oil by sourcing from other regions, LPG supplies have been impacted. The government has prioritised LPG supply to domestic households at the cost of cuts in supplies to commercial users like hotels and restaurants. To make up for the shortfall for those who do not have subsidised cooking gas LPG connections, it has ramped up supply of market priced 5 kg cylinders. As against sale of about 77,000 5 kg cylinders in pre-crisis February, daily sales have topped over 1 lakh in the last two-three weeks. The statement said domestic LPG supplies remain stable overall, with no reported stockouts and over 52 lakh cylinders delivered on April 11. Online bookings account for about 98 per cent of demand, while delivery authentication systems now cover 93 per cent of transactions to curb diversion. Commercial LPG availability has been restored to about 70 per cent of pre-crisis levels, supported by targeted allocations and increased supply measures. State-run oil marketing companies -- Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited -- are coordinating with state governments to streamline distribution. The government has prioritised natural gas allocation, ensuring full supply for household PNG and CNG transport, while increasing supplies to fertiliser plants to about 95 per cent of recent average consumption, aided by additional LNG imports. City gas distributors, including Indraprastha Gas Ltd, Mahanagar Gas Ltd, and GAIL Gas Ltd, have been directed to prioritise PNG connections for commercial users, as part of a broader push to shift demand away from LPG. Refineries are operating at high utilisation with adequate crude inventories, and domestic LPG production has been stepped up. To shield consumers from rising global oil prices, the government has cut excise duty on petrol and diesel by Rs 10 per litre, while raising export levies on diesel and aviation turbine fuel to ensure domestic availability, the statement added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 12 2026 | 7:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The new formula also correctly signals the general direction of India’s crude imports and the underlying pricing benchmarks after being out of sync with actual import trends for the last three years This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's coal import dropped 8.5 per cent to 16.55 million tonnes in February on record stockpile of domestic coal and firmness in seaborne prices. The country's coal import is poised to maintain a weak trend this month with domestic miners making efforts to liquidate stockpiles. "A record high stockpile of domestic coal and firm seaborne prices resulted in a drop in thermal coal imports. With the domestic miners endeavouring to liquidate stocks, the weak trend in imports is expected to continue during the current month," mjunction MD & CEO Vinaya Varma said. mjunction services is a B2B e-commerce platform and joint venture between Tata Steel and Steel Authority of India. The import in February 2024-25 stood at 18.10 (MT), according to data compiled by mjunction services limited. On a month-on-month basis, coal import in February was almost flat as against 16.64 MT in January 2026. Of the total imports in February, non-coking coal imports stood at 9.80 MT, lower than 11.08 MT imported in February 2024-25. Coking coal imports stood at 3.92 MT, higher than 3.79 MT imported in February 2024-25. During April-February 2025-26, non-coking coal import was at 137.60 MT, lower than 152.26 MT imported during the same period in 2024-25. Coking coal import was at 54.31 MT during April-February 2025-26, against 49.62 MT recorded for April-February 2024-25. The drop in import comes amid a strategic push for self-reliance in coal production under the self-reliance initiative. The all-India coal production in 2024-25 stood at 1,047.523 MT in comparison to 997.826 MT in 2023-24, registering a growth of about 4.98 per cent. Coal inventories at thermal power plants remained comfortable around 55 million tonnes as of Tuesday, sufficient for 24 days of uninterrupted power generation based on the average consumption over the last seven days, a senior coal ministry official said on Wednesday. The stock levels indicate "absolute no deficit" on the power generation side, coal Joint Secretary Sanjeev Kumar Kassi had emphasised, allaying concerns over potential shortages amid rising summer demand. "Coal stock at the power plants is around 55 million tonnes as of yesterday (Tuesday), adequate for 24 days of uninterrupted power generation based on the average consumption of the last seven days. So we have absolutely no deficit at the power generation side," he said at an inter-ministerial briefing on the developments in West Asia. The domestic coal production is matching consumption levels, the official had said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 12 2026 | 4:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The talks between Iran and the US in Pakistan, which ended without a deal, would weigh heavily on investors' sentiment when markets open for trading on Monday, analysts said. Besides developments related to West Asia, crude oil prices would also dictate market trends in a holiday-shortened week ahead, they said. Stock markets will remain closed on Tuesday for Baba Saheb Ambedkar Jayanti. The talks between Iran and the US in Pakistan have ended without a deal due to "excessive demands" made by the American side, a top Iranian official said on Sunday. Iranian Foreign Ministry spokesperson Esmaeil Baqaei, however, emphasised that "diplomacy never ends". US Vice President JD Vance, who led the American delegation, said the talks failed to reach a peace deal, citing Tehran not forgoing its nuclear programme as one of the key sticking points. He said the American side presented its "final and best offer" to the Iranian side, but it did not accept it. Baqaei, however, said the two sides reached a consensus on some issues, but they held different views regarding "2-3 important matters". "Finally, the talks did not reach an agreement," he was quoted as saying by the state-run Press TV. Markets had rallied last week following the US-Iran ceasefire and a sharp decline in crude oil prices, which dropped below the USD 100 mark. Last week, the BSE benchmark Sensex jumped 4,230.7 points, or 5.77 per cent, and the NSE Nifty surged 1,337.5 points, or 5.88 per cent. "The Nifty-50 enters the upcoming week at a critical inflexion point. After staging a sharp recovery and reclaiming the 24,000 mark, the market had begun to reflect cautious optimism," Hariprasad K, Research Analyst and founder, Livelong Wealth, said. However, the collapse of peace talks between the United States and Iran has materially altered the near-term outlook, he added. "With negotiations ending without a resolution, markets are now bracing for a return of volatility that characterised earlier phases of the conflict," he said. Benchmark indices are expected to open with a significant gap down, potentially erasing a portion of the recent ceasefire rally, Hariprasad added. Stock markets would also track inflation data announcements, Q4 earnings and trading activity of foreign investors this week. "With the onset of the Q4 FY26 earnings season, key results from heavyweight companies, such as Wipro, HDFC Bank, and ICICI Bank, will be closely monitored, along with several others. On the macro front, important data releases include CPI inflation (April 13), WPI inflation (April 14), which will provide insights into inflation trends," Ajit Mishra SVP, Research, Religare Broking Ltd, said. Foreign investors maintained their aggressive sell-off in Indian equities, withdrawing Rs 48,213 crore (USD 5.14 billion) this month. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 12 2026 | 2:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank added ?91,282.67 crore, taking its market valuation to ?12,47,478.57 crore. The combined market valuation of eight of the top-10 most valued firms surged by Rs 4,13,003.23 crore last week, with HDFC Bank and ICICI Bank emerging as the biggest gainers, in tandem with an optimistic trend in equities. Last week, the BSE benchmark Sensex jumped 4,230.7 points or 5.77 per cent, and the NSE Nifty surged 1,337.5 points or 5.88 per cent. "Sentiment remained buoyant amid optimism surrounding a temporary USIran ceasefire, although lingering geopolitical uncertainties capped the pace of gains as the week progressed," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. A sharp decline in crude oil prices below the $100 mark eased domestic concerns and triggered a strong rebound across markets, he added. From the top-10 pack, HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Reliance Industries and Infosys faced erosion from their valuation. HDFC Bank added Rs 91,282.67 crore, taking its market valuation to Rs 12,47,478.57 crore. The valuation of ICICI Bank jumped Rs 76,036.36 crore to Rs 9,46,741.85 crore, and that of Bajaj Finance surged by Rs 60,980.35 crore to Rs 5,75,206.47 crore. The market capitalisation (mcap) of Larsen & Toubro zoomed by Rs 47,624.97 crore to Rs 5,44,736.59 crore, and that of Bharti Airtel climbed Rs 45,873.43 crore to Rs 10,66,293.69 crore. State Bank of India's mcap soared Rs 43,614.67 crore to Rs 9,84,629.98 crore, and that of TCS edged higher by Rs 26,303.49 crore to Rs 9,13,331.92 crore. The market valuation of Hindustan Unilever rallied Rs 21,287.29 crore to Rs 5,06,477.89 crore. However, the mcap of Infosys declined by Rs 3,285.03 crore to Rs 5,24,124.40 crore. The valuation of Reliance Industries diminished by Rs 947.28 crore to Rs 18,27,086.79 crore. Reliance Industries remained the most valued domestic firm, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Infosys and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 12 2026 | 12:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For now, India’s electric motorcycle market appears to be at an inflection point. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Iran-US peace talks were conducted first indirectly through Pakistan and later through direct negotiations between the two sides, official sources said on Sunday. Pakistan remained involved at every stage of the process, with the talks beginning with separate meetings of the US and Iranian delegations with Prime Minister Shehbaz Sharif on Saturday. This was followed by an exchange of messages between the two sides through Pakistani interlocutors, the sources said. The Iranian delegation was led by Parliament Speaker Mohammad Baqir Galibaf, while the US team was headed by Vice President JD Vance. According to sources, the negotiations then moved to direct talks between the visiting delegations, which continued for about two-and-a-half hours in the presence of Pakistani officials. In the next phase, a one-hour break was taken and technical aspects of the demands presented by the two sides were discussed at the expert level. The exchange of messages on technical aspects continued until late at night. However, by Sunday morning, it became clear that the differences could not be bridged, leading US Vice President JD Vance to announce at a brief press conference that the talks ended without a deal. The sources said Pakistan remains hopeful of further rounds of talks, though no date or venue has been finalised so far. The Pakistani government had earlier said it would continue to play its role as a mediator and expressed hope that the talks would prove to be a step towards resolving the dispute. The Iranian delegation had arrived in Islamabad on Friday night, while the US team arrived on Saturday morning. The US side also included President Donald Trump's son-in-law Jared Kushner and West Asia envoy Steve Witkoff, while Iran was also represented by Foreign Minister Abbas Araghchi and other senior leaders. The two sides travelled to Islamabad, days after Iran and the US announced a two-week ceasefire on April 8. It was the first direct, high-level engagement between Iran and the US since the 1979 Islamic Revolution. The failure to arrive at an agreement following the face-to-face negotiations between the two sides raised doubts over the effectiveness of their fragile two-week ceasefire as well as the prospect of reopening the Strait of Hormuz to stabilise the global energy market. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 12 2026 | 12:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US President Donald Trump has shared an article suggesting that the option of enforcing a naval blockade was available in context of Iran as peace talks ended in a stalemate in Islamabad after differences of opinion arose between the two parties on the Strait of Hormuz and Iran's nuclear capacities. The US President shared the article in a post on Truth Social on Sunday. The article posted by outlet Just the News cited experts who said that Trump could "out-blockade" Iran's hold over the strait of Hormuz and recalled US military ops in Venezuela earlier this year as an example where with a naval blockade impacted the country's economy. The piece noted how the USS Gerald Ford carrier, which led the Venezuelan blockade is now in the Persian Gulf and has joined the USS Abraham Lincoln and other major naval assets. "It would be very easy for the US Navy to exert complete control over what does and does not go up and down the Strait now," the Lexington Institute's national security expert Rebecca Grant told Just the News. "I've heard about 10 ships have moved in the last 24 hours. One of them was a reflagged Russian tanker, and we know that cargos have gone out to China, to India, and we've seen some inbound traffic. If Iran gets intransigent, then absolutely, the US Navy can set up with great overwater surveillance ... and watch everything that goes in and out of that Strait and you'll have to ask the US Navy if you want to move past Kharg Island or past that narrow part by Oman," she said as per Just the News. Peace remains elusive as JD Vance departed from Islamabad after hitting a gridlock in talks with Iran. "We've had a number of substance agreements with the Iranians- that is the good news. The bad news is that we have not reached an agreement. That is bad news for Iran, much more than it is bad news for the United States of America", Vance told reporters in Islamabad. Meanwhile, Iran's Head of Center for Public Diplomacy and Spokesperson Esmaeil Baqaei, on Sunday, said that Iran's negotiators are employing all their capabilities, adding that the success of the efforts depends on the acceptance of Iran's legitimate rights and interests. Baqaei said that Iran's heavy losses have made its resolve stronger than ever and that it uses all its tools to secure its national interests. "Nothing can or should deter us from pursuing our great historical mission toward our beloved homeland and noble Iranian civilization. The Islamic Republic of Iran is determined to utilize all tools, including diplomacy, to secure national interests and protect the country's well-being," he said. "In the past 24 hours, discussions were held on various dimensions of the main negotiation topics, including the Strait of Hormuz, the nuclear issue, war reparations, lifting of sanctions, and the complete end to the war against Iran and in the region. The success of this diplomatic process depends on the seriousness and good faith of the opposing side, refraining from excessive demands and unlawful requests, and the acceptance of Iran's legitimate rights and interests," he added. Meanwhile, security situation continues to evolve in West Asia. Al Jazeera Breaking reported on Sunday that Israel intercepted drones launched from Lebanon. Smoke was also seen rising from Beirut suburbs on Sunday as per Reuters. As the situation develops, Tasnim News Agency said on Sunday citing an informed source that Iran has offered reasonable proposals in the negotiations held in Islamabad, adding that the ball is now in the US court. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 12 2026 | 11:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Panacea Biotec announced that it has received a letter of award (LoA) worth Rs 20.79 crore from Central Medical Services Society, under the Ministry of Health and Family Welfare, Government of India. The company clarified that the order has been awarded by a domestic entity and is in the nature of vaccine supply. It further stated that neither its promoters nor promoter group entities have any interest in the awarding authority, and the transaction does not fall under related-party transactions. Panacea Biotec is a research-based biotechnology company engaged in the business of research, development, manufacture, and marketing vaccines in India and international markets. The company reported a consolidated net loss of Rs 7.36 crore in Q3 FY26 as against a net profit of Rs 9.65 crore in Q3 FY25. Revenue from operations declined 8.4% year on year to Rs 99.31 crore in Q3 FY26. Shares of Panacea Biotec rose 1.23% to end at Rs 326 on 10 April 2026. First Published: Apr 11 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Advance Agrolife announced that it has received a letter of intent (LoI) worth Rs 30.37 crore from National Fertilizers for the supply of various agrochemicals. The scope of work includes supply of agrochemicals to NFLs marketing territory, based on specific requirements during the contract period, which is valid till 30 September 2026. The company stated that the order has been awarded by a domestic entity. It further clarified that neither its promoters nor promoter group entities have any interest in the awarding entity, and the transaction does not qualify as a related-party transaction. Advance Agrolife is engaged in the business of manufacturing and distributing a broad spectrum of technical and formulated grades of agrochemicals. The companys standalone net profit rose 8.3% to Rs 3.01 crore on a 17.2% rise in revenue from operations to Rs 132.64 crore in Q3 FY26 over Q3 FY25. Shares of Advance Agrolife shed 7.73% to end at Rs 107.97 on 10 April 2026. First Published: Apr 11 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Apr 11 2026 | 2:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zaggle Prepaid Ocean Services announced that it has entered into an agreement with Generali Central Insurance Company (formerly known as Future Generali India Insurance Company Limited) to provide its Zaggle Zoyer platform. The company clarified that the agreement has been awarded by a domestic entity and is in the nature of a service agreement. It also stated that neither its promoters nor promoter group entities have any interest in the awarding entity. Further, the transaction does not fall under related-party transactions. Zaggle Prepaid Ocean Services (Zaggle) is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in the business-to-business customer segment. The companys standalone net profit surged 77.7% to Rs 35.97 crore on a 47.9% rise in revenue from operations to Rs 497.63 crore in Q3 FY26 over Q3 FY25. Shares of Zaggle Prepaid Ocean Services shed 0.18% to end at Rs 251.35 on 10 April 2026. First Published: Apr 11 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Emerald Leisures said that it has received a letter of intent (LoI) for the development of a residential redevelopment project at Swastik Park, Chembur in Mumbai, with an estimated revenue potential of around Rs 600 crore. The proposed project marks a strategic move by the company to expand its footprint into real estate development, as it continues to diversify beyond its core hospitality and club services business. Emerald Leisures, which operates Club Emerald Sports Complex in Chembur, has traditionally been engaged in sports, club, banquet, wellness and hospitality services. The company has been gradually building its real estate presence over the past few years as part of its diversification strategy. The redevelopment project is expected to unlock significant value from the Swastik Park land parcel and strengthen the companys transition into the real estate sector. Jaydeep Vinod Mehta, Director of Emerald Leisures, said, We are pleased to receive this letter of intent (LOI) and with this we achieve a strategic milestone that marks as a stepping stone for the company in the real estate sector. The envisaged project will have saleable area of approx. 1,75,000 sq.ft. and unlock a revenue potential of approx. Rs 600 crores. He further added that by combining The Groups legacy of trust and execution led excellence we are not just constructing buildings but offering sustainable lifestyle residences with premium amenities. We plan to expand our footprint in the real estate segment rapidly to ensure that 50% of our future growth stems from more such projects in coming years. The company believes this project will further strengthen the companys future prospects and lead to long-term value creation. The upcoming Residential Project is located in the most centrally located suburb of Chembur with best connectivity and will offer options of well designed Vastu compliant 2,3, and 4 BHK Flats. Emerald Leisures is into the business of Club and Sports Complex having sports facilities and other Hospitality Services. The company reported consolidated net loss of Rs 2.25 crore in Q3 FY26 as against net loss of Rs 2.48 crore in Q3 FY25. Revenue from operations rose 8.3% year on year to Rs 4.70 crore in Q3 FY26. Shares of Emerald Leisures added 1.94% to end at Rs 192.75 on 10 April 2026. First Published: Apr 11 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For establishment of an Enterprise Application CoE for lending and collections platforms The engagement involves end-to-end responsibility for application management across lending and collections platforms, in close collaboration with business and technology stakeholders, enabling improved operational efficiency, scalability, and alignment with the client's evolving digital and business requirements. The contract is awarded for a period of 9 months. The total value of the order is approximately Rs. 2.76 crore i.e. USD 297,000 (exclusive of applicable taxes). First Published: Apr 11 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 11 2026 | 12:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fire was controlled within time and fortunately, there were no casualty and injury to life. However, the affected operations will be temporarily shut. The extent of damage to assets and equipment is currently being evaluated, and a detailed estimate will be ascertained in due course. First Published: Apr 11 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Larsen & Toubro said its real estate arm, L&T Realty Properties, has acquired a 100% stake in International Green Scapes for Rs 1,123 crore in an all-cash deal, as it looks to expand its residential portfolio in Gurugram. The acquisition involves 58,23,425 equity shares, giving L&T RPL complete ownership and control of IGSL, a real estate company with development rights in Gurugram, Haryana. The company said the transaction will enable it to leverage IGSLs land bank to expand and strengthen its real estate development portfolio. IGSL holds licenses for residential development projects, aligning with L&T Realtys growth strategy. IGSL, incorporated on 22 November 1993, has reported nil turnover over the last three financial years, including FY23, FY24 and FY25. The deal does not fall under related party transactions, and the promoter group has no interest in the acquired entity. No regulatory approvals are required for the acquisition. The transaction is expected to be completed by 15 April 2026. L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies. On a consolidated basis, L&T's net profit declined 4.27% year-on-year to Rs 3,215.11 crore in Q3 FY26, even as revenue from operations rose 10.48% to Rs 71,449.70 crore in Q3 FY26. Shares of Larsen & Toubro added 1.61% to end at Rs 3,959.90 on 10 April 2026. First Published: Apr 11 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Airfloa Rail Technology said that it has secured a domestic order worth Rs 1.25 crore from Rail Coach Factory Kapurthala for the supply of luggage rack modules for LHB non-AC and AC chair car coaches. The contract, awarded by a domestic entity, will be executed within four months and is subject to Indian Railways standard conditions of contract and the General Conditions of Contract for the Stores Department, along with applicable addendums. The scope includes third-party inspection by a nominated agency. As per the payment terms, 95% of the order value will be released upon submission of the inspection certificate and proof of dispatch or delivery, while the balance 5% will be paid after receipt, inspection, and acceptance by the consignee. The company confirmed that the order does not involve any related party transaction and that its promoter group has no interest in the awarding entity. Airfloa Rail Technology is primarily engaged in the manufacturing of components used in rolling stock for Indian Railways, supplying through railway production units such as the Integral Coach Factory (ICF) and other coach factories. The company also undertakes turnkey interior furnishing projects for Indian Railways. In the aerospace and defence sectors, it manufactures intricate, highly engineered, and critical components. Along with Indian Railways, the company also serves other railway factories and global rolling stock OEMs. The company recorded revenue from operations of Rs 192.39 crore and net profit of Rs 25.56 crore for the year ended 31 March 2025. Shares of Airfloa Rail Technology added 3.60% to end at Rs 332.10 on 10 April 2026. First Published: Apr 11 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Japan's Nikkei 225 tacked on 1.5 per cent Asian stocks ticked up early on Friday but gains were capped as traders questioned the durability of this week's US-Iran ceasefire and remained wary of fragile hopes for Israel-Lebanon peace talks. Investors were nervous as Iran cited Israel's ongoing attacks on Lebanon as a key sticking point in its agreement with the US. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.5 per cent, led by a 1.9 per cent jump for ?South Korea's Kospi. Japan's Nikkei 225 tacked on 1.5 per cent, while S&P 500 e-mini futures reversed earlier losses to trade flat. "The US-Iran ceasefire led to a sharp recovery in Asian markets but the risk-on sentiment got tested yesterday," said Rupal Agarwal, Asia quant strategist at Bernstein in Singapore. "We believe this could be the beginning of the end and is presenting an opportunity for investors to focus on pre-war trends and fundamentals," she said. "We recommend adding back some beaten-down names." On Thursday, the S&P 500 rose 0.6 per cent, with MSCI's benchmark of global equities making modest gains after Israeli Prime Minister Benjamin Netanyahu said on Thursday he is seeking direct talks with Beirut - a day after the worst bombardment of the war killed more than 300 people in Lebanon and placed the US-Iran ceasefire in jeopardy. Brent crude rose 1 per cent to $96.83 a barrel as trading resumed in Asia, after Hezbollah launched ?a missile at Israel, triggering air raid sirens in parts of the country, including in Tel Aviv. The Strait of Hormuz remains largely closed to shipping, with marine traffic at well below 10 per cent of normal volumes on Thursday as Tehran asserted its control of the strategic waterway that typically carries one-fifth of global oil and gas shipments. The closure of the strait during the six-week Iran war sent shockwaves through global markets as oil prices surged and energy supplies tightened. US President Donald Trump weighed in with a blunt warning. In a post on Truth Social, he said Iran was doing a "very poor job" of allowing oil to pass through the strait. "That is not the agreement we have!" he wrote, underscoring Washington's frustration as the market fallout intensified. The US dollar index, which measures the greenback's ?strength against a basket of six currencies, was up 0.1 per cent at 98.92, after data released Thursday showed weekly jobless claims increased by 16,000 to 219,000 and continuing claims fell by 38,000 to 1.794 million, the lowest level since May 2024. The Core PCE price index ?also rose 0.4 per cent for second straight month, reflecting a year-on-year increase of 3.0 per cent. The yield on the US 10-year Treasury bond was up 0.6 ?basis point at 4.285 per cent. Fed funds futures show traders bringing forward expectations for the Federal Reserve's next 25-basis-point rate cut to April 2027. The implied probability that the US central bank stays on hold at its meeting that month has slipped to 49.6 per cent, ?from 64 per cent on Thursday, when markets still leaned toward easing later in the year, according to the CME Group's FedWatch tool. Bitcoin was down 0.7 per cent at $71,903.27, while ether was 1.0 per cent lower at $2,191.81. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 10 2026 | 9:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Panchkula hospital is equipped with advanced diagnostics, modular operation theatres, critical care infrastructure, and will deliver comprehensive care across key specialties including oncology, neurosciences, orthopedics, cardiology, and critical care including robotic-assisted procedures. Designed with a strong focus on high-acuity care, a significant proportion of beds are dedicated to critical care services. First Published: Apr 10 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 10 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 10 2026 | 9:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 10 2026 | 9:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty April 2026 futures currently traded 55 points lower, suggesting a red opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 1,711.19 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 955.90 crore in the Indian equity market on 09 April 2026, provisional data showed. The FIIs had sold shares worth Rs 39,644.72 crore in April (till 09 April 2026). This follows their cash sales of Rs 122,540.41 crore in March, Rs 6,640.78 crore in February and Rs 41,435.22 crore in January 2026. Global Markets: Asia markets traded mostly higher on Friday, though a fragile two-week ceasefire between the U.S. and Iran keeps investors on tenterhooks with oil prices resuming gains. The Mideast conflict, which has been going on for more than a month, led to the closure of the Strait of Hormuz, and traffic continues to largely be restricted via the crucial energy waterway despite the ceasefire. Tehran had said it would reopen the strait as long as all attacks on the country were halted, according to a statement from its foreign minister. Media reports said that Israel had also agreed to the ceasefire. That followed U.S. President Donald Trump pausing attacks on Iran on Tuesday. Meanwhile, in China, factory-gate prices rose for the first time in more than three years, while the consumer price index climbed 1% in March from a year earlier. Overnight on Wall Street, oil prices came off their highs of the day while the S&P 500 traded into the green. The S&P 500 ended the session at 6,824.66, adding 0.62%, while the Nasdaq Composite gained 0.83% to 22,822.42. The Dow Jones Industrial Average rose 275.88 points, or 0.58%, and settled at 48,185.80. The 30-stock index turned positive for the year, up 0.25%. Domestic Market: The key equity benchmarks ended sharply lower on Thursday, snapping a five-day winning streak as investor sentiment weakened amid global uncertainty. The decline was driven by concerns around the US-Iran ceasefire, which weighed on markets worldwide. Adding to the cautious mood, investors remained on the sidelines ahead of TCS's quarterly earnings, seeking cues for the IT sector. Volatility also rose due to the weekly expiry of Sensex derivatives contracts, further pressuring indices. The Nifty slipped below the 23,800 mark, dragged by losses in banking and financial services stocks. The S&P BSE Sensex tumbled 931.25 points or 1.20% to 76,631.65. The Nifty 50 index dropped 222.25 points or 0.93% to 23,775.10. In the past five consecutive trading sessions, the Sensex surged 7.80% while the Nifty soared 7.46%. First Published: Apr 10 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sammaan Capital and Steel Authority of India (SAIL) shares are banned from F&O trading on 10 April 2026. Result today: Agri-Tech and Eco Hotels will release their quarterly earnings today. IPO Update: Om Power sees 0.39x subscription on Day 1 Om Powers initial public offering (IPO) was subscribed 0.39 times overall on Day 1 (as of 5:00 PM), with Qualified Institutional Buyers (QIBs) subscribing 0.78 times, the retail portion at 0.30 times, and Non-Institutional Investors (NIIs) at 0.11 times. Stocks to Watch: Tata Consultancy Services (TCS) reported a 2.08% rise in consolidated net profit to Rs 13,718 crore on a 5.38% increase in revenue from operations to Rs 70,698 crore in Q4 FY26 as compared with Q3 FY26. Wipro announced that its board is scheduled to meet on 15-16 April 2026 to consider a proposal for the buyback of equity shares. Ashiana Housing said that it has acquired a 28.55-acre land parcel in Pune for the development of a new residential project, adding that the project has an estimated sales value potential of around Rs 1,800 crore, reflecting its continued focus on expanding in key housing markets. GHV Infra said that it has secured an order worth Rs 105 crore from GHV India for the construction of various projects located in Kalwa. Poonawalla Fincorp said that it has opened its Qualified Institutions Placement (QIP) issue on Friday, setting the floor price at Rs 390.26 per share. IFB Industries said that it has appointed Sandeep Joseph Abraham as managing director (MD) and chief executive officer (CEO) for a term of five years. Saatvik Green Energy said that its chief financial officer (CFO), Abani Kant Jha, has resigned from his position with effect from 7 April. Separately, the company added that it has secured an order worth Rs 109 crore from EPC players for the supply of solar PV modules. First Published: Apr 10 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Explained: How Fake Trading Apps and IPO Scams Are Fooling Investors First Published: Apr 10 2026 | 8:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
While the rupee is likely to be a lot steadier in light of the ceasefire and the RBI’s previously announced measures to curb speculation against the currency, the deficit outlook will still check how far the rupee can strengthen from here. — Ven Ram, Markets Live Strategist First Published: Apr 10 2026 | 8:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 10 2026 | 8:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 10 2026 | 8:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex may open on a slightly positive note as gains in Asian-Pacific markets supported. First Published: Apr 10 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Saatvik Green Energy said its material subsidiary, Saatvik Solar Industries, has received and accepted orders worth Rs 108.75 crore from leading domestic independent power producers and EPC players. The companys consolidated net profit surged 144.1% to Rs 98.72 crore on a 142.6% jump in net sales to Rs 1257.02 crore in Q3 FY26 over Q3 FY25. Shares of Saatvik Green Energy rose 0.57% to close at Rs 420.95 on the BSE. First Published: Apr 10 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 10 2026 | 7:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The measures were aimed specifically at curbing arbitrage trades between the onshore market and the non-deliverable forward market Banks have exited the bulk of their Indian rupee arbitrage trades to comply with central bank-imposed limits on onshore positions aimed at reining in volatility and downward pressure on the currency, three people familiar with the matter said. The Reserve Bank of India imposed limits on banks on ?March 27, directing them to cap their net open positions in the rupee in the onshore market at $100 million, requiring that they comply by April 10. The measures were aimed specifically at curbing arbitrage trades between the onshore market and the non-deliverable forward (NDF) market, per bankers. Arbitrage trades by banks were contributing to heightened FX market volatility, RBI chief Sanjay Malhotra said on Wednesday, noting that the central bank had seen increased price swings in recent weeks. Estimates of the arbitrage positions varied widely when the measures were introduced, though market participants have since settled on a figure of roughly $40 billion, two of the people familiar with the matter ?said, requesting anonymity because they were not authorised to discuss the matter publicly. Most of these positions have been unwound, with no extension likely for banks, a person familiar with the central bank's thinking said, asking not to be identified since they are not authorised to speak to the media. The RBI did not immediately reply to an email seeking comment. Thursday's price action, suggested that most arbitrage positions had already been unwound, with the rupee weakening and forward premiums rising - the opposite of what would be expected during heavy unwinding. The rupee slipped 0.2% to 92.77 ?per dollar, set to halt a four-day rise, while one-year forward premiums climbed 12 basis points to 3.12% after dropping more than 50 basis points over the past three sessions. A currency trader ?at a private sector bank said most positions at his bank had already been exited, and that ?public sector banks, which had begun unwinding later, have done their exits over the past two days. A senior treasury official at a foreign bank, said data from clearing house CCIL showed ?that banks had exited their positions. The data showed banks carried out close to $36 billion worth of NDF trades from April 1 to April 7, with Wednesday's data still pending. While some of the ?activity was client-related, most represented position unwinding by banks, the treasury official said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 10 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE, Stock Markets First Published: Apr 10 2026 | 7:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US President Donald Trump said there are reports that Iran is charging fees to tankers going through the Strait of Hormuz and warned Tehran against it. In a post on Truth Social, Trump said, "There are reports that Iran is charging fees to tankers going through the Hormuz Strait -- They better not be and, if they are, they better stop now!" In another post, Trump accused Iran of "doing a poor job" at allowing oil tankers to pass through the Strait of Hormuz, reminding Tehran of the temporary ceasefire agreement. "Iran is doing a very poor job, dishonorable some would say, of allowing Oil to go through the Strait of Hormuz. That is not the agreement we have!" he said. This puts the already fragile ceasefire in jeopardy as the disagreement between both parties continues to widen before the negotiations in Islamabad begin. Earlier, Tehran had accused Israel of violating the agreement by attacking Lebanon, as it stated that the ceasefire in Lebanon is part of the truce. However, both Washington and Israel have maintained that the ceasefire does not extend to Lebanon, a disagreement that has further complicated diplomatic efforts and heightened the risk of the truce collapsing. Israeli Prime Minister Benjamin Netanyahu asserted that there is "no ceasefire in Lebanon" and vowed to continue military operations with "full force" against Hezbollah. "I wish to inform you: There is no ceasefire in Lebanon. We are continuing to strike Hezbollah with full force, and we will not stop until we restore your security," he said. Netanyahu further stated that he has instructed the Cabinet to open direct negotiations with the Lebanese government to achieve "disarmament of Hezbollah" and "historic peace agreement". "Following repeated requests from the Lebanese government, last night I instructed the Cabinet to begin direct negotiations with Lebanon to achieve two goals. First, the disarmament of Hezbollah. Second, a historic peace agreement between Israel and Lebanon," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 10 2026 | 6:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Business Standard Defence Index is designed to track the performance of 25 key defence stocks First Published: Apr 10 2026 | 5:23 AM IST In this article : This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The combined net profits of the Nifty 50 companies are likely to grow 4.2 per cent year-on-year (Y-o-Y) in Q4FY26, as against 10 per cent in Q3FY26 and 7.6 per cent in Q4FY25. | Illustration: Ajaya Mohanty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net profit reported to Rs 0.92 crore in the year ended March 2026 as against net loss of Rs 2.38 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: Apr 09 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sammaan Capital and Steel Authority of India (SAIL) shares are banned from F&O trading on 9 April 2026. Result today: Tata Consultancy Services, Anand Rathi Wealth, GM Breweries, and Rajputana Stainless will release their quarterly earnings today. Stocks to Watch: Lupin said that it has received approval from the US Food and Drug Administration (USFDA) for its Dapagliflozin and Metformin tablets, a bioequivalent version of the branded drug Xigduo. KEC International said that it has secured new orders worth Rs 2,518 crore across its Civil, Transportation, T&D, and Cables & Conductors businesses, further strengthening its order book and visibility across key infrastructure segments. NTPC said that it has signed a memorandum of understanding (MoU) with Frances EDF to jointly develop nuclear power projects in India. Separately, the Central Electricity Authority (CEA) has uprated the Dadri Power Stations capacity to 500 MW from 490 MW, taking the groups total installed capacity to 89,128 MW. Innovision said that it has secured a Rs 99 crore work order from the National Highways Authority of India (NHAI) for toll collection and facility maintenance. Akzo Nobel India said that its name will be officially changed on the stock exchanges to JSW Dulux with effect from April 15. Lemon Tree Hotels said that it has officially terminated its pact for a proposed hotel project in Agartala, Tripura. Signature Global reported a muted Q3 business update, with pre-sales value declining 5% year-on-year to Rs 1,540 crore. Collections fell 22% YoY to Rs 910 crore, while area sold dropped 27% YoY to 9.9 lakh sq ft. The number of units sold also declined sharply by 38% YoY to 368 units, indicating a slowdown in sales momentum during the quarter. Info Edge India reported its Q4 business update, with the Jeevansathi business posting a 20.9% year-on-year growth. The Recruitment Solutions business grew 9.5% YoY, while the 99Acres business saw a modest 1.9% YoY increase, reflecting steady performance across its key verticals. First Published: Apr 09 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty April 2026 futures currently traded 9.50 points lower, suggesting a muted opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 2,811.97 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,168.17 crore in the Indian equity market on 08 April 2026, provisional data showed. The FIIs had sold shares worth Rs 37,933.53 crore in April (till 08 April 2026). This follows their cash sales of Rs 122,540.41 crore in March, Rs 6,640.78 crore in February and Rs 41,435.22 crore in January 2026. Global Markets: Asia markets traded lower Thursday, as investors fret over news that Irans parliamentary speaker charged the U.S. of breaching the terms of the two-week ceasefire agreement. On Wednesday, U.S. President Donald Trump had announced a double sided ceasefire, more than a month into a war with Iran. The ceasefire was contingent on Iran agreeing to reopen the Strait of Hormuz. Tehran had said that it would stop "defensive operations if attacks on the country were halted, according to a statement from Irans Foreign Minister. Israel has also agreed to the ceasefire, media reports said. As per reports, Irans parliamentary speaker Mohammed Bagher Ghalibaf subsequently accused the U.S. of violating the ceasefire deal. The violations are the denial of the Islamic Republics right to enrich uranium and Israels continued attacks on Lebanon, a drones entry into Iranian airspace, he reportedly said. Overnight in the U.S., stocks surged after President Donald Trump suspended attacks on Iran for two weeks, pausing a five-week conflict that closed a crucial waterway for global energy supplies. The Dow Jones Industrial Average ripped 1,325.46 points higher, or 2.85%, to 47,909.92. The S&P 500 popped 2.51% to 6,782.81, and the Nasdaq Composite surged 2.80% to 22,635.00. Domestic Market: Dalal Street staged a blistering rally on Wednesday, with benchmark indices rocketing nearly 4% as multiple powerful triggers fired in tandem. The Nifty ended near the 24,000 mark, extending its winning streak for a fifth straight session. The charge was led by a sharp surge in auto and private banking stocks, which turbocharged the upmove. The rally gathered momentum as crude oil prices tumbled below $95 mark following a US-Iran ceasefire, cooling global risk jitters and igniting risk appetite. Strong global cues further amplified the bullish undertone. Adding to the tailwinds, the Reserve Bank of India held the repo rate steady at 5.25% with a neutral stance, reinforcing policy stability and bolstering investor confidence. The S&P BSE Sensex climbed 2,946.32 points or 3.95% to 77,562.90. The Nifty 50 index soared 873.70 points or 3.78% to 23,997.35. In five consecutive sessions, the Sensex surged 7.80% while the Nifty soared 7.46%. First Published: Apr 09 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Om Power Transmission IPO First Published: Apr 09 2026 | 8:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani stocks lag in 1yr; analysts back Adani Enterprises, Adani Power First Published: Apr 09 2026 | 8:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Short-term funds offer safety and decent yields First Published: Apr 09 2026 | 8:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices rose on Thursday on investors' concerns supply from the key Middle East producing region may not fully resume amid doubts the two-week ceasefire between the US and Iran will hold and as the crucial Strait of Hormuz remains restricted. Brent crude futures were ?up $2.6, or 2.74 per cent, at $97.35 a barrel at 0048 GMT, while US West Texas Intermediate (WTI) crude rose $3.02, or 3.2 per cent, to $97.43 a barrel. Both benchmark prices fell below $100 per barrel in the previous trading session, with WTI recording its biggest decline since April 2020 on expectations the ceasefire ending the fighting between the US and Israel against Iran would reopen the Strait of Hormuz. The waterway connects supply from Gulf producers such as Iraq, Saudi Arabia, Kuwait and Qatar to global markets and typically carries about 20 per cent of oil supply. Still, questions about the viability of the ceasefire remain as Israel continued to attack Lebanon on Wednesday, causing ?Iran to suggest it would be "unreasonable" to proceed with talks to forge a permanent peace deal. Shippers on Wednesday also said they needed more clarity on the terms of the ceasefire before resuming transit through the Strait of Hormuz. Iran has issued maps to guide ships around mines in the waterway and designated safe paths for passage in coordination with the country's Revolutionary Guards, Iranian media reported. "Transit through the Strait of Hormuz is not suddenly risk-free. It remains at Iran's discretion," analysts at Standard Chartered said in a note. "Logistic disconnects, security fears, elevated insurance premiums and ?operational constraints mean that very little additional energy is likely to be supplied via the Strait of Hormuz in the next two weeks." Regional oil facilities also remain under threat, with Iran ?striking sites in nearby countries after the ceasefire, including a pipeline in Saudi Arabia that has ?been used to bypass the blockaded Strait of Hormuz, according to an oil industry source. Kuwait, Bahrain and the UAE also reported missile and drone strikes. There are doubts the ceasefire can ?hold, Haitong Futures said in a note, as Israel's strikes on Lebanon's Hezbollah have emerged as a point of contention, while attacks on energy facilities across the Middle East have yet to ?stop, and conflicting statements persist over the Strait of Hormuz. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 09 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Overseas investors have sold $22 billion of Indian equities over the past year. First Published: Apr 09 2026 | 8:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Meta Infotech has received fresh and renewal orders worth Rs 2.58 crore from a leading domestic mutual fund and investment management company. The orders are for cloud security subscriptions for the period June 1, 2026, to May 31, 2027, and are scheduled to be executed within 60 days. There is no promoter or group interest in the client, and the transaction does not fall under related party transactions. Meta Infotech is engaged in trading and providing services related to cybersecurity software products. The company reported a 60.7% surge in consolidated net profit to Rs 10.51 crore, while revenue from operations rose 40.3% to Rs 152.13 crore in FY25 over FY24. Shares of Meta Infotech rose 4.99% to close at Rs 78.83 on the BSE. First Published: Apr 09 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex were trading lower as renewed geopolitical tension weighed. First Published: Apr 09 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex may open on a negative note on Thursday. First Published: Apr 09 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 09 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch today First Published: Apr 09 2026 | 7:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 09 2026 | 7:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 09 2026 | 7:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Informal Group of Ministers (IGoM), headed by Defence Minister Rajnath Singh, took stock of India's readiness in view of the recent developments in West Asia during its third meeting at Kartavya Bhawan-2, New Delhi, on April 8, the government said in a release. Minister of Finance & Corporate Affairs Nirmala Sitharaman; Minister of External Affairs S Jaishankar; Minister for Agriculture & Farmers' Welfare and Rural Development Shivraj Singh Chouhan; Minister of Commerce and Industry Piyush Goyal; Minister of Chemicals & Fertilizers Jagat Prakash Nadda; Minister of Petroleum and Natural Gas Hardeep Singh Puri; Minister of Consumer Affairs, Food and Public Distribution Prahlad Joshi; Minister of Railways, Information and Broadcasting, Electronics & Information Technology Ashwini Vaishnaw; Minister of Parliamentary Affairs Kiren Rijiju; Minister of Civil Aviation Kinjarapu Rammohan Naidu, and Minister of State (Independent Charge) of the Ministry of Science & Technology Jitendra Singh attended the meeting. In his remarks, Rajnath Singh directed all departments to continue focusing on preparedness, coordination, and resilience building to stay ready to deal with any eventuality. In a post on X, he stated that the Government is ensuring continued availability of LPG, petrol and diesel, fertilisers for farmers and facilitating supply of essential commodities in the country. The Government, under the leadership of Prime Minister Narendra Modi, has been doing exceptional work in safeguarding the citizens from the impact of the conflict, he said. The IGoM was informed that India has ensured the evacuation of the highest number of vessels than any other country, from the Strait of Hormuz over the past 40 days. A total of 8 LPG vessels, carrying approximately 340TM, equivalent to around 11 days of India's import requirement have successfully transited the Strait, reinforcing the country's energy security and supply stability. There have been no reports of dry-out at LPG distributorships, and delivery of domestic LPG cylinders continues despite all across the country, as per the release. In order to support the vulnerable communities including migrant labourers, the supply of 5kg Free Trade LPG cylinders has been doubled beyond the 20% allocation earmarked for priority segments on 7 April. Oil PSU retail pump outlets continue to dispense auto LPG to support the public transportation requirements. However, some supply constraints are being faced by private operators due to their procurement challenges, causing increased footfall in PSU outlets, it added. It said that a major decision was taken on 8 April to further ease supply of LPG to industrial segments by allocating 70% of fuel demand to non-domestic bulk consumers with supply prioritised for key sectors such as pharma, food, polymers, agriculture, packaging, paints, steel, defence-related materials, etc. This measure is expected to prevent supply-chain disruptions, avoid shortages of essential goods and ensure continuity of industrial operations despite the ongoing global crisis. Piped Natural Gas (PNG) is being actively promoted wherever feasible. Owing to the increased awareness from the PNG connection campaign launched to reduce LPG dependence, 3.16 lakh new PNG connections were added, representing a three fold increase over March 2025 levels.The campaign has also resulted in the surrender of 16,700+ LPG connections by citizens, indicating a growing shift toward PNG adoption, the release added. The IGoM was also briefed about the easing in energy prices in the light of the ceasefire. The Ministers were informed that key sectoral parameters will continue to be closely monitored and appropriate measures will be taken. The IGoM was also apprised about the adequate measures taken by the Department of Food and Public Distribution. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 09 2026 | 7:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 08 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aurobindo Pharma has secured final approval from the US Food and Drug Administration (USFDA) to manufacture and market Dapagliflozin and Metformin Hydrochloride extended-release tablets for the treatment of type-2 diabetes. The combination therapy is indicated as an adjunct to diet and exercise to improve glycaemic control in adults where treatment with both medicines is appropriate. According to IQVIA data, the product has an estimated US market size of $514 million for the twelve months ending February 2026. Aurobindo is eligible for 180 days of shared generic exclusivity as one of the first applicants. As of March 31, 2026, the company had a total of 579 ANDA approvals from the USFDA, including 554 final approvals and 25 tentative approvals. Aurobindo Pharma is principally engaged in the manufacturing and marketing of active pharmaceutical ingredients, generic pharmaceuticals, and related services. The companys consolidated net profit rose 7.6% to Rs 910.29 crore on a 9% increase in net sales to Rs 8,604.51 crore in Q3 FY26 over Q3 FY25. Shares of Aurobindo Pharma shed 0.76% to close at Rs 1,329.60 on the BSE. First Published: Apr 08 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 08 2026 | 7:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to surge as oil prices plunged after the US and Iran agreed to ceasefire. First Published: Apr 08 2026 | 7:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
stock market, BSE First Published: Apr 08 2026 | 7:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 08 2026 | 6:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US envoy to India Sergio Gor met US Commerce Secretary Howard Lutnick here and discussed the commercial roadmap for the two countries and the opening up of a market of 1.4 billion people for American products. In a social media post, Gor said he discussed with Lutnick a new Memorandum of Understanding that seeks to connect India's AI scale with the American AI ecosystem and also strong participation from New Delhi in the upcoming SelectUSA Summit near here. "Productive meeting with Secretary @HowardLutnick on the US-India commercial roadmap. We discussed a new MoU connecting India's AI scale with the American AI ecosystem, strong Indian participation at the upcoming @SelectUSA Summit, and growing Indian pharma investment in the United States to boost competition, and strengthen supply chains," Gor said in a post on Tuesday. In a separate post, the US Department of Commerce said Lutnick and Gor were working to open a market of 1.4 billion people to American products. "Today, Secretary Lutnick met with US Ambassador to India Sergio Gor, advancing President Trump's historic U.S.-India trade deal," the US Department of Commerce said in a post on X on Tuesday. "Together, we are working to open a market of 1.4 billion people to American products and secure over USD 500 billion in US exports," it said. Gor said he also had a meeting with Ben Black, the CEO of the US International Development Finance Corporation and Deputy Attorney General Todd Blanche. "Met @DFC_CEO Ben Black for a good discussion on expanding US-India investment partnerships that support infrastructure, growth, and private sector opportunity. Ben is doing a fantastic job," said Gor. "Always great to see my friend @DAGToddBlanche and update him on my work in South and Central Asia. Everything we do under President Trump is to serve the American people first and ensure our foreign policies make America safer and stronger," the US Ambassador to India said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 08 2026 | 6:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices plunged after Trump said he would hold off on his threat of devastating attacks on Iran. Oil prices plunged and US stock futures jumped after President Donald Trump said he would hold off on his threat of devastating attacks on Iran for two weeks if the Iranians agree to allow ships to pass through the Strait of Hormuz. Futures for US crude oil sank 18% to around $92.60 while Brent crude oil futures fell about 6% to $103.40. Both prices remain well above where they were at the start of the war. Futures for the S&P 500 rose 2.4%. Trump said Iran has proposed a "workable" 10-point peace plan that could help end war the US and Israel launched on Feb 28. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 08 2026 | 6:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 08 2026 | 6:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Apr 08 2026 | 12:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank of Indias (RBI;s) Monetary Policy Committee (MPC) decided to keep policy repo rate unchanged at 5.25% while announcing its first policy decision of FY27 on Wednesday, April 8. The six-member panel, chaired by Governor Sanjay Malhotra, met over the past few days to review key issues. This review comes amid rising geopolitical tensions in the West Asia and a weakening rupee. In its last meeting in February 2026, the MPC had kept the repo rate steady at 5.25% after a cumulative 125-basis-point cut in 2025, adopting a cautious wait-and-watch approach focused on stability. First Published: Apr 08 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zydus Lifesciences has received final approval from the United States Food and Drug Administration (USFDA) for Dapagliflozin Tablets, 5 mg and 10 mg (USRLD: Farxiga Tablets, 5 mg and 10 mg). Dapagliflozin is a sodium-glucose cotransporter 2 (SGLT2) inhibitor indicated as an adjunct to diet and exercise to improve glycaemic control in adults with type 2 diabetes mellitus. With this approval, Zydus is eligible for 180 days of shared generic drug exclusivity for Dapagliflozin Tablets, 5 mg and 10 mg. Dapagliflozin tablets will be manufactured at the group's formulation manufacturing facility at SEZ, Ahmedabad. Dapagliflozin tablets had annual sales of USD 10.2bn in the United States (IQVIA MAT February 2026). First Published: Apr 08 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 07 2026 | 8:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Apr 07 2026 | 8:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 07 2026 | 8:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 07 2026 | 8:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In Delhi, the price of ten grams of 24-carat gold stood at ?1,50,800 First Published: Apr 07 2026 | 8:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Deep Industries announced that it has secured an order worth Rs 59 crore from Oil and Natural Gas (ONGC) Corporation for hiring services of Natural Gas Compressor, Gas Dehydration & HC Dew Point Depression at Malleswaram, ONGC Rajahmundry Asset. Deep Industries is in the business of oil and gas field services. The company specializes in providing air & gas compression services, drilling and workover services, gas dehydration services, etc. The company also provides integrated project management services. The company has reported a 49.8% rise in consolidated net profit to Rs 71.34 crore on a 43.1% increase in revenue from operations to Rs 221.49 crore in Q3 FY26 as compared with Q3 FY25. Shares of Deep Industries rose 1.57% to close at Rs 445.90 on the BSE. First Published: Apr 07 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 07 2026 | 7:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Technical outlook on MCX Gold and MCX Silver by Bonanza. First Published: Apr 07 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 07 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 07 2026 | 7:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Om Power Transmission IPO First Published: Apr 06 2026 | 8:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 06 2026 | 8:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
J. Kumar Infraprojects announced that it has secured a contract worth Rs 1,184 crore for the construction of an international exhibition-cum-convention centre in Lucknow, Uttar Pradesh. The project involves the design, engineering, and construction of a convention centre with a capacity of 10,000 people at Vrindavan Yojna, Sector-15, in Lucknow, Uttar Pradesh, and will be executed in an EPC mode. The contract is to be executed within 24 months. J. Kumar Infraprojects undertakes construction of metro infrastructure, elevated corridors/flyovers, roads and road tunnels, civil works, and water infrastructure. The company had reported a 17.12% fall in consolidated net profit to Rs 82.85 crore on an 11.81% fall in revenue to Rs 1,311.24 crore in Q3 FY26 over Q3 FY25. The scrip shed 0.08% to close at Rs 454.75 on the BSE. First Published: Apr 06 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 is expected to open lower on Monday. First Published: Apr 06 2026 | 7:53 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reserve Bank of India’s defence of a record-low rupee has constrained its ability to inject liquidity, tightening financial conditions that are likely to weigh on banks over the coming quarters | First Published: Apr 06 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch today First Published: Apr 06 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In Delhi, the price of ten grams of 24-carat gold stood at ?1,51,070 First Published: Apr 06 2026 | 7:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 06 2026 | 7:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian pharma sector outlook and stocks to buy amid US tariff concerns First Published: Apr 06 2026 | 7:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Opec+, consisting of some members of the ?Organization of the Petroleum Exporting Countries and allies such as Russia, agreed to a modest rise of 206,000 barrels per day for May (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 06 2026 | 6:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Axis Bank reported steady growth in key business metrics for the quarter ended 31 March 2026, driven by continued traction in advances and deposits. Total deposits rose to Rs 13,35,800 crore, up 6.0% QoQ and 13.9% YoY. Within this, CASA deposits grew 7.3% QoQ and 10.6% YoY to Rs 5,28,900 crore, while term deposits increased 5.1% sequentially and 16.1% annually to Rs 8,06,900 crore. On a quarterly average basis, total deposits stood at Rs 12,26,500 crore, marking a 2.4% QoQ growth and a 13.1% YoY rise. Average CASA deposits were at Rs 4,58,300 crore, up 2.3% QoQ and 10.4% YoY, while average term deposits rose 2.5% sequentially and 14.8% YoY to Rs 7,68,200 crore. Axis Bank is a private sector bank. It has the third-largest network of branches among private sector banks and an international presence through branches in DIFC (Dubai) and Singapore along with representative offices in Abu Dhabi, Sharjah, Dhaka and Dubai and an offshore banking unit in GIFT City. The bank reported a 2.94% increase in standalone net profit to Rs 6,489.57 crore in Q3 FY26 compared with Rs 6,303.77 crore in Q3 FY25. Total income increased 4.26% year on year (YoY) to Rs 38,500.06 crore in Q3 FY26. Shares of Axis Bank rose 0.17% to Rs 1200.20 on the BSE. First Published: Apr 06 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Smartworks Coworking Spaces announced the expansion of its multi-city engagement with a Forbes 2000 company and a global leader in digital business services and customer experience (CX) management. With the addition of 1,150 seats at Smartworks' managed campus at Tata Intellion Park, Navi Mumbai, the client's total portfolio with the company now spans Bengaluru, Kolkata, Hyderabad, and Mumbai, taking the overall seat count to over 5,000 seats. The combined expected rental revenue from these locations is estimated to exceed Rs 155 crore, which includes the newly signed Mumbai managed office deal of Rs 51 crore. As of Q3 FY26, Smartworks had over Rs 4,700 crore of committed rental revenue, reinforcing the long tenure, enterprise-led nature of the business. First Published: Apr 06 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian currency jumped 1.8 per cent last week, its best showing in over four years, after RBI imposed position limits on banks and corporates The Indian rupee is set to open higher on Monday, supported by spillover effects of the central bank's recent actions, though persistent oil-related demand and foreign equity selling could temper sentiment. The rupee is likely to ?open in the 92.80-92.90 range versus the US dollar, having settled at 93.10 on Thursday, per traders. Indian financial markets were shut on Friday for Good Friday. The Indian currency jumped 1.8 per cent last week, its best showing in over four years, after the Reserve Bank of India imposed position limits on banks and corporates, curbing the onshore-NDF arbitrage activity. This triggered an unwinding of bank positions, leading to dollar selling in the onshore market. The banks have to bring down their positions to the RBI-mandated ?level by April 10. While a "number" of banks have already cut positions and are now below the new limits, there are a few that remain, a currency trader at a bank said. "That should be a source of support (for rupee) through this week," he said. The central bank followed up with restrictions on speculative activity by corporates and barred banks from offering NDF to clients, which bankers said highlighted the central bank's intent to back the rupee Still, traders say the broader ?outlook for the rupee remains weak amid rising oil prices and continued foreign outflows, particularly from equities. Oil prices climbed on Monday on continuing fears ?of supply losses because of shipping disruptions due to the US-Israeli war with Iran. On ?Sunday, Trump ratcheted up pressure on Tehran, threatening in an expletive-laden Easter Sunday social media post to target Iran's power plants and bridges on ?Tuesday if the strategic Strait of Hormuz is not reopened. Meanwhile, foreign investors continued to shun Indian equities amid concerns over the economic impact of rising oil prices, ?pulling out nearly $1 billion on Thursday after withdrawing over $12.5 billion in March. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 06 2026 | 9:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
stock market, market First Published: Apr 06 2026 | 9:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 06 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At board meeting held on 06 April 2026 First Published: Apr 06 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 06 April 2026 First Published: Apr 06 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Energy Exchange achieved highest ever electricity traded volume of 141 BU in FY'26, registering an increase of 17% on YoY basis. IEX recorded highest ever yearly trade of RECs in FY'26. A total of 187.20 lakh Renewable Energy Certificates were traded during the year, marking 5% year on year increase. During FY'26, the country's power demand grew by 1.1% on a year-on-year basis. During the fiscal year, enhanced wind, hydro and solar generation along with sustained supply from coal-based generation resulted in higher supply liquidity on the exchange platform, leading to a substantial decline in DAM and RTM prices. For FY'26, the Market Clearing Price in the Day-Ahead Market at Rs 3.86/unit declined 13.7% compared to FY'25. Similarly, the Market Clearing Price in the Real-Time Market at Rs 3.59/unit during FY'26 declined 16% compared to FY'25. For Q4FY'26, IEX achieved highest ever quarterly electricity traded volume of 39.4 BU, marking a 24.3% year on year increase. IEX recorded highest quarterly trade of RECs in Q4FY'26. A total of 71.70 lakh Renewable Energy Certificates were traded during the quarter, marking 6.1% year on year increase. For the month of March 2026, IEX achieved highest ever monthly electricity traded volume of 13.90 BU, marking a 23.5% increase on year-on-year basis. A total of 28.94 lakh Renewable Energy Certificates were traded during the month, marking an 119.9% year on year increase. According to government data published in March '26, the country's energy consumption reached 149.56BUs, an increase of 1.8%compared to the previous year. Despite the increase in energy consumption, prices on power exchanges were lower compared to previous year due to higher supply liquidity on the exchange platform. The market clearing Price in the Day Ahead Market at Rs. 4.20/unit during March'26, declined 6% YoY. Similarly, price in the Real Time Market at Rs 3.71/unit during March'26, declined 10.5% YoY. The Day-Ahead Market (DAM) including HPDAM, achieved 62.78 BU for FY'26, as compared to 61.31 BU in FY'25, registering an increase of 2.4% on YoY basis. DAM segment registered 19.60 BU during Q4FY'26, as compared to 16.93 BU in Q4FY'25, registering an increase of 15.7% on YoY basis. The segment achieved 6.83 BU volume in March'26 as compared to 5.55 BU volume in March'25, an increase of 23.1% YoY. The Real-Time Electricity Market (RTM) achieved 54.85 BU for FY'26, as compared to 38.90 BU in FY'25, registering an increase of 41% on YoY basis. The RTM segment registered 14.30 BU during Q4FY'26, as compared to 9.65 BU in Q4FY'25, registering an increase of 48.2% on YoY basis. The RTM segment achieved5.28 BU in March'26 as compared to 3.73 BU in March'25, registering an increase of 41.7 % on YoY basis. Day Ahead Contingency and Term-Ahead Market (TAM), comprising of HPTAM, contingency, daily & weekly and monthly contracts up to 3 months, traded 12.72 BU in FY'26, as compared to 11.77 BU in FY'25, registering an increase of 8.0% on YoY basis. The total volume of the segment during Q4FY'26 was 3.12 BU, as compared to 3.24 BU in Q4FY'25, a decline of 3.8% on YoY basis. The segment achieved 0.94 BU during March'26, as compared to 1.32 BU volume in March'25, a decline of 28.5 % on YoY basis. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 10.78 BU, as compared to 8.75 BU in FY'25 an increase of 23% on YoY basis. The weighted average price in Green Day-Ahead Market (G-DAM) for FY'26 at Rs 3.59/unit declined 10.6% compared to FY'25. During Q4FY'26, the segment achieved volume of 2.44 BU, as compared to 1.92 BU in Q4FY'25 an increase of 26.5% YoY. The segment achieved 0.80 BU volume during March'26 as compared to 0.62 BU in March'25, registering an increase of 28.3% YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for March'26 at Rs 3.84/ unit, declined 10.8% YoY. 187.20 lac RECs were traded during FY'26. REC traded volume in FY'26 increased by 5%onYoYbasis. 71.70 lakh RECs were traded during Q4FY'26.REC traded volume in Q4FY'26increased by 6%onYoYbasis. A total of 28.94 lakh RECs were traded in the trading sessions held on 11th March'26 and25th March'26, at a clearing price of Rs. 340/REC. REC traded volume in March'26 increased by 119.9% on YoY basis. The next REC trading sessions at the Exchange are scheduled on 08th April'26 and 29th April'26. First Published: Apr 06 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wipro announced that it has secured a multi-year strategic transformation deal with Olam Group. The 8-year engagement with Olam Group is expected to exceed US$ 1 billion in contract value, with a committed spend of US$ 800 million. Olam Group is a leading US$ 50+1 Billion food and agri-business headquartered in Singapore, employing nearly 40,000 people, and majority owned by Temasek Holdings. As part of the engagement, Wipro will deliver end-to-end transformation services to Olam Group through a consulting-led and AI-powered approach. The engagement will draw on Wipro's industry expertise, partnerships with leading technology providers, and Wipro Intelligence, its unified suite of AI-powered platforms, solutions, and transformative offerings. Together, these capabilities will strengthen Olam Group's core operations and support the creation of a sustainable competitive advantage. Building on this foundation, Wipro will deploy its capabilities across Olam Group's farm-to-fork' value chain, delivering industry-specific solutions that align with the Group's business priorities. This will focus on areas such as farming, forecasting, trading, supply chain operations, and customer engagement, with the goal of improving operational effectiveness, strengthening resilience, and supporting long-term growth at scale. First Published: Apr 06 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Avenue Supermarts (D Mart) reported a 18.96% jump in standalone revenue to Rs 17,204.50 crore in Q4 March 2026 compared with Rs 14,462.39 crore posted in corresponding quarter last year. L&T Finances retail disbursement climbed 62% to Rs 24,080 crore in Q4 FY26, compared with Rs 14,899 crore recorded in Q4 FY25. HDFC Banks average deposits jumped 12.8% to Rs 28,51,100 crore crore in Q4 FY26 compared with Rs 25,28,000 crore in Q4 FY25. Bajaj Finances deposits book declined 4% to Rs 68,550 crore as on 31st March 2026, compared with Rs 71,403 crore as on 31st March 2025. Jammu & Kashmir bank's gross advances jumped 16.83% to Rs 124,986.53 crore as of 31 March 2026, compared with Rs 106,985.49 crore as of 31 March 2025. Kernex Microsystems (India) announced that it has secured an order worth Rs 91.12 crore from Banaras Locomotive Works (BLW), Varanasi. Dabur India said that the companys India FMCG business witnessed sequential recovery in demand and is likely to record high-single digit growth in the quarter ended on 31 March 2026. Vikran Engineering (VEL) said that it has received two major letters of award (LoA) aggregating to Rs 530.80 crore from Maharashtra State Electricity Distribution Co. (MSEDCL), a Government of Maharashtra undertaking. Bajaj Housing Finance has reported 23% increase in gross disbursements to Rs 17,530 crore in Q4 FY26 from Rs 14,254 crore in Q4 FY25. First Published: Apr 06 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 06 2026 | 10:53 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IndusInd Bank reported a 2.6% decline in deposits to Rs 4,00,178 crore as of 31 March 2026, compared with Rs 4,10,862 crore as of 31 March 2025. Net advances declined 8.7% YoY to Rs 3,15,154 crore as of 31 March 2026. The CASA ratio stood at 31.3% as of 31 March 2026, compared with 32.8% as of 31 March 2025. The bank reported an 88.5% decline in standalone net profit to Rs 161.16 crore on a 13.67% fall in total income to Rs 13,079.39 crore in Q3 FY26 over Q3 FY25. The counter shed 0.98% to Rs 771.55 on the BSE. First Published: Apr 06 2026 | 10:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vedanta added 2.13% to Rs 702.45 after the company's aluminium production jumped 2% to 613,000 tonnes in Q4 FY26, compared with 604,000 tonnes posted in Q4 FY25, supported by majorly through operational efficiencies. In the zinc business, mined metal production stood at 315 kilotonnes (kt), up 2% YoY, while saleable metal production rose 5% YoY to 282,000 tonnes. Silver production edged lower to 176 metric tonnes in the quarter, but rose 11% quarter-on-quarter (QoQ), in line with higher lead production. In the oil and gas segment, gross operated production stood at 81.5 thousand barrels of oil equivalent per day (kboepd), marking a 15% YoY decline. Saleable iron ore production in stood at 2 million tonnes in Q4 FY26, down 3% YoY and up 26% QoQ. Production of saleable ore in Goa surged 94% YoY while output in Karnataka declined 28% YoY. In Power segment, overall power sales stood at 5,516 million units in Q4 FY26, up 43% YoY and up 24% QoQ. However, wind power generation declined 11% YoY and QoQ to 56 million units during the quarter. For FY26, the company reported a 48% YoY rise in alumina production to 2,916 kt, while aluminium production grew 1% YoY to 2,456 kt. Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power across India, South Africa and Namibia. On a consolidated basis, Vedanta's net profit surged 60.98% to Rs 5,710 crore while revenue from operations jumped 36.95% YoY to Rs 23,369 crore in Q3 December 2025. First Published: Apr 06 2026 | 10:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wipro added 1.26% to Rs 197.25 after the company announced that it has secured a multi-year strategic transformation deal with Olam Group. Olam Group is a leading US$ 50-plus billion food and agri-business headquartered in Singapore, employing nearly 40,000 people, and majority owned by Temasek Holdings. The 8-year engagement with Olam Group is expected to exceed $1 billion in contract value, with a committed spend of $800 million. As part of the engagement, Wipro will deliver end to end transformation services to Olam Group through a consulting led and AI powered approach. The engagement will draw on Wipros industry expertise, partnerships with leading technology providers, and Wipro Intelligence, its unified suite of AI-powered platforms, solutions, and transformative offerings. Together, these capabilities will strengthen Olam Groups core operations and support the creation of a sustainable competitive advantage. Wipro will deploy its capabilities across Olam Groups farm-to-fork value chain, delivering industry-specific solutions that align with the Groups business priorities. As part of this broader engagement, Wipro will acquire Mindsprint, Olam Groups IT services arm. Headquartered in Singapore, Mindsprint provides technology and digital transformation services across enterprise applications, data & analytics, digital platform engineering, customer experience, cloud & infrastructure, cybersecurity, and business process services. Mindsprint has strong Food and Agri-business domain experience, supply chain transformation capabilities, and proprietary IP-driven solutions. It had recorded consolidated revenue of $135.6 million for the calendar year ended on 31 December 2025. The transaction is expected to be completed by 30 June 2026. The total cost of this acquisition is $375 million, which is subject to customary closing adjustments. Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. The company reported a 3.92% decline in consolidated net profit to Rs 3,119 crore despite a 3.78% jump in revenue from operations to Rs 23,555.8 crore in Q3 FY26 over Q2 FY26. First Published: Apr 06 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Union Bank of India rose 1.25% to Rs 174.35 after the bank reported a 10.06% increase in domestic advances to Rs 10,41,122 crore as of 31 March 2026, compared with Rs 9,45,975 crore as of 31 March 2025. The banks total global business stood at Rs 23,85,679 crore as of 31 March 2026, up 5.79% YoY and 6.52% QoQ. Global advances rose 9.76% YoY and 6.09% QoQ to Rs 10,78,779 crore, while global deposits increased 2.72% YoY and 6.87% QoQ to Rs 13,06,900 crore as of 31 March 2026. Union Bank of India is engaged in the business of treasury operations, corporate and wholesale banking, retail banking operations, and other banking operations. The bank reported an 8.97% rise in net profit to Rs 5,017 crore on a 1.55% increase in operating income to Rs 13,869 crore in Q3 FY26 as compared with Q3 FY25. First Published: Apr 06 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nykaa surged 3.11% to Rs 253.60 after it has reported a strong operational performance for the quarter ended 31 March 2026, with consolidated GMV growth in the high twenties and net sales value (NSV) growth in the low thirties. Consolidated net revenue is expected to rise in the high twenties, marking the companys fastest growth in the past 12 quarters, driven by sharp acceleration in the fashion vertical and sustained strength in the beauty business. For FY26, NSV growth is likely to improve to the high twenties, up from mid-twenties over the past two years. Net revenue is projected at the upper-mid twenties, reflecting steady performance across segments. The beauty vertical continued its strong momentum, with GMV, NSV, and net revenue growth in the high twenties. Strong conversion metrics, omnichannel execution, and accelerated growth in House of Nykaa supported overall performance. Nykaa recorded its highest-ever quarterly retail expansion, adding 26 new stores and integrating 11 Kiehls outlets in Q4, taking the total store count to 313 as of 31 March 2026. The fashion vertical showed sharp recovery, with GMV growth in the high twenties and NSV growth in the low forties. Net revenue growth in the segment improved to the high thirties, driven by better platform traction, robust customer acquisition, and an expanding brand portfolio. Strategic initiatives, including the Nike partnership and Pink Love Sale, further supported growth. The company noted that geopolitical developments in West Asia had no material impact during the quarter, with the Middle East contributing less than 1% to overall revenue. The quarters performance underscores Nykaas strengthening growth trajectory, supported by balanced momentum across beauty and fashion segments. FSN E-Commerce Ventures (Nykaa) journey began in 2012 as a digital-first, consumer tech beauty company. It has expanded its offerings to include fashion and B2B, launching platforms such as Nykaa Fashion, Nykaa Man, and Nykaa Superstore. The companys consolidated net profit climbed surged 142.38% to Rs 63.31 crore on 26.73% increase in revenue from operations to Rs 2873.26 crore in Q3 FY26 over Q3 FY25. First Published: Apr 06 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bank of Baroda rose 3.02% to Rs 257.30 after the bank reported a 16.23% increase in global advances to Rs 14,30,204 crore as of 31 March 2026, compared with Rs 12,30,461 crore as of 31 March 2025. Domestic advances increased 14.56% YoY to Rs 11,69,804 crore, while domestic deposits grew 12.83% YoY to Rs 14,01,497 crore as of 31 March 2026. Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services, and treasury services. Bank of Baroda reported a 4.4% rise in standalone net profit to Rs 5,442.92 crore on a 6% increase in total income to Rs 39,999 crore in Q3 FY26 over Q3 FY25. First Published: Apr 06 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In light of the evolving situation in West Asia, the Government of India remains actively engaged in ensuring preparedness and seamless functioning across key sectors, Ministry of Petroleum & Natural Gas stated in an update. Keeping in view the evolving situation, including around the Strait of Hormuz, the Ministry of Petroleum and Natural Gas continues to take necessary measures to ensure smooth and uninterrupted supply of petroleum products and LPG across the country. As per Ministry: Govt. is making all efforts to ensure availability of Petrol, Diesel and LPG, and citizens are advised to avoid panic purchase of petrol and diesel as well as unnecessary booking of LPG. Citizens are advised to beware of rumours and rely only on official sources for correct information. For LPG, citizens are requested to use digital modes for booking of LPG cylinders and avoid visiting LPG distributors unless necessary. Citizens are encouraged to use alternate fuels such as PNG, induction and electric cooktops wherever feasible. In the current situation, all citizens are requested to make necessary efforts to conserve energy in their daily usage. Despite this war situation, Government has given highest priority to Domestic LPG and PNG, along with high priority to hospitals and educational institutions. The Government has already implemented several rationalisation measures on both the supply and demand side, including enhancing refinery production, increasing the booking interval from 21 to 25 days in urban areas and up to 45 days in rural areas and prioritising sectors for supply. Alternate fuel options like Kerosene and coal have been offered to ease pressure on LPG demand. States have been advised to facilitate the new PNG connections for both domestic and commercial consumers. First Published: Apr 06 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 06 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bank stocks mixed after Q4 updates; PSU banks gain First Published: Apr 06 2026 | 10:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 06 2026 | 11:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani Green Energy Ltd registered volume of 72.71 lakh shares by 10:44 IST on BSE, a 23.18 fold spurt over two-week average daily volume of 3.14 lakh shares Zydus Wellness Ltd, 360 ONE WAM Ltd, RBL Bank Ltd, Aegis Logistics Ltd are among the other stocks to see a surge in volumes on BSE today, 06 April 2026. Adani Green Energy Ltd registered volume of 72.71 lakh shares by 10:44 IST on BSE, a 23.18 fold spurt over two-week average daily volume of 3.14 lakh shares. The stock rose 6.23% to Rs.908.20. Volumes stood at 1.76 lakh shares in the last session. Zydus Wellness Ltd registered volume of 6.87 lakh shares by 10:44 IST on BSE, a 17.15 fold spurt over two-week average daily volume of 40049 shares. The stock rose 11.99% to Rs.497.25. Volumes stood at 32453 shares in the last session. 360 ONE WAM Ltd saw volume of 11.97 lakh shares by 10:44 IST on BSE, a 12.71 fold spurt over two-week average daily volume of 94139 shares. The stock dropped 0.60% to Rs.929.20. Volumes stood at 19438 shares in the last session. RBL Bank Ltd witnessed volume of 4.6 lakh shares by 10:44 IST on BSE, a 4.1 times surge over two-week average daily volume of 1.12 lakh shares. The stock increased 3.69% to Rs.312.10. Volumes stood at 1.62 lakh shares in the last session. Aegis Logistics Ltd recorded volume of 2.84 lakh shares by 10:44 IST on BSE, a 3.42 times surge over two-week average daily volume of 83096 shares. The stock gained 3.78% to Rs.612.20. Volumes stood at 69454 shares in the last session. First Published: Apr 06 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 10:30 IST, the barometer index, the S&P BSE Sensex, fell 415.06 points or 0.55% to 72,918.52. The Nifty 50 index slipped 108.55 points or 0.48% to 22,628.15. In the broader market, the BSE 150 MidCap Index shed 0.01% and the BSE 250 SmallCap Index fell 0.30%. The market breadth was positive. On the BSE, 2,139 shares rose and 1,712 shares fell. A total of 232 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 2.78% to 26.23. Buzzing Index: The Nifty Oil & Gas index dropped 1.42% to 10,687.85. The index tumbled 2.20% in two consecutive trading sessions. Chennai Petroleum Corporation (down 3.23%), Reliance Industries (down 2.4%), Indian Oil Corporation (down 2.38%), Bharat Petroleum Corporation (down 1.94%), Hindustan Petroleum Corporation (down 1.92%), Aegis Logistics (down 1.74%), Castrol India (down 1.02%), Petronet LNG (down 1.01%), Gujarat State Petronet (down 0.64%) and Oil & Natural Gas Corpn (down 0.54%) declined. Stocks in Spotlight: Trent jumped 6.37% after the companys standalone revenue from operations jumped 20% to Rs 4,937 crore in Q4 FY26, compared with Rs 4,106 crore in Q4 FY25. Yes Bank added 0.50%. The company reported a 10.7% YoY growth in loans and advances to Rs 2,72,454 crore as of 31 March 2026, compared with Rs 2,46,188 crore as of 31 March 2025. Bandhan Bank slipped 0.27%. The company reported total deposits rose by 10% to Rs 166,344 crore in the quarter ended 31 March 2026, compared to Rs 151,212 crore recorded in the quarter ended 31 March 2025. Bank of Maharashtra rallied 1.77% after the bank has reported an 18% year-on-year rise in total business to Rs 6,42,700 crore for the financial year ended 31 March 2026. First Published: Apr 06 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Passenger vehicle (PV) retail sales rose to 47,05,056 units in FY26, up 13 per cent from 41,63,927 units in FY25 Retail sales of vehicles across categories in India in 2025-26 grew by 13.3 per cent at a record 2,96,71,064 units as compared to 2,61,87,255 units in the previous fiscal, with GST 2.0 helping overcome a subdued start to the year, Federation of Automobile Dealers Associations said on Monday. Passenger vehicle (PV) retail sales rose to 47,05,056 units in FY26, up 13 per cent from 41,63,927 units in FY25, the Federation of Automobile Dealers Associations (Fada) said in a statement, adding that it is cautiously optimistic but watchful of the possible impact of West Asia war on vehicles demand in India going forward. Similarly, two-wheeler (2W) sales also grew by 13.4 per cent at 2,14,20,386 in 2025-26 as compared to 1,88,89,595 units in 2024-25. In FY26, three-wheeler retail sales stood at 13,63,412 units, up 11.68 per cent from 12,20,834 units in FY25, according to Fada. Commercial vehicles (CV) retail also witnessed a growth of 11.74 per cent at 10,60,906 units in FY26 as against 9,49,406 units in FY25, it added. Commenting on the industry performance, Fada President C S Vigneshwar said,"2025-26 has been a landmark year for Indian auto retail delivering an all-time high of 2,96,71,064 units with a broad-based 13.3 per cent YoY growth that saw five of six vehicle categories set new annual records." This is not just a number, it represents the industry approaching the 3 crore mark, a milestone that would have seemed distant just two years ago, he added. "What makes this year particularly significant is that the growth was structurally sound, underpinned by improving affordability, widening mobility demand across urban and rural India, and a diversifying powertrain mix," Vigneshwar noted. He, however, pointed out that FY26 growth was not linear as the first five months, April through August, were a period of measured momentum, with monthly growth ranging between 2-5 per cent as the market navigated residual caution from the previous year's sluggish inventory cycle, selective financing constraints, and consumer wait-and-watch behaviour in anticipation of policy clarity. "The turning point arrived in September with the implementation of GST 2.0. The rate rationalisation, which meaningfully reduced the effective tax burden on mass-segment two-wheelers, small cars, three-wheelers, and select commercial categories, improved real affordability at a time when the consumer was already positioned to respond," Vigneshwar said. From September onwards, the festive convergence of Navratri and Diwali in October delivered an all-time record monthly retail of over 40 lakh units, and the momentum carried through the remainder of the year. January, February, and March 2026 each registered strong double-digit YoY growth, validating that the upshift was not merely festive but structural, he said. On the outlook, Fada said,"The key variable will be the trajectory of the West Asia situation and its pass-through to fuel prices, supply availability, and overall consumer confidence." Citing its survey, the dealers' body said 53.2 per cent of dealers have experienced some form of supply or dispatch disruption linked to the ongoing conflict, with 17.1 per cent reporting significant delays of three or more weeks. While the impact has been most pronounced in the CV segment, PV and 2W dealers have also flagged selective variant-level delays, it added. It also said on the fuel-price front, 36.5 per cent of dealers report that rising or expected fuel prices are moderately to significantly affecting customer purchase decisions. "This is a real friction point that bears monitoring, not because it will derail demand, but because it can elongate decision cycles and shift customer preference further toward CNG and EV options," it said. Fada remains constructively cautious, structurally optimistic but operationally watchful for the near-term, it said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 06 2026 | 11:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nykaa share price jumps 4% on Q4 update, acquisition buzz First Published: Apr 06 2026 | 10:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to MF executives, the record buying was supported by a pick-up in lump-sum investments, as investors capitalised on the market correction. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Apr 03 2026 | 7:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RBL Bank said that the total business of the bank as 31 March 2026 was Rs 2.54 lakh crore, reflecting a growth of 24% from Rs 2.05 lakh crore as on 31 March 2025. Total deposits as 31 March 2026 stood at Rs 1.39 lakh crore, up 25% YoY and 16% QoQ. CASA deposits aggregated to Rs 46,723 crore as on 31 March 2026, up 23% YoY and 26% QoQ. CASA ratio improved sequentially to 33.6% in Q3 FY26 from 30.9% in Q2 FY26. Gross advances of the bank increased to Rs 1.15 lakh crore as on 31 March 2026, up 22% YoY and 11% QoQ. On the asset side, secured retail advances grew 36% YoY and 17% QoQ, while overall retail advances rose 18% YoY. Wholesale advances grew 27% YoY, with commercial banking up 29% YoY. The retail-to-wholesale mix stood at approximately 59:41 at the end of Q3 FY26. The bank stated that its liquidity remained comfortable, with LCR at 130%. Collection efficiency in the joint liability group (JLG) segment was 99.7% for March 2026. RBL Bank provides a wide range of banking and financial services, including wholesale banking, retail banking, treasury operations, and other banking-related activities. As of 31st December 2025, the bank has 1,921 total touch points of which 580 are bank branches and 1,341 business correspondent branches. Of 1,341 BC branches, 291 are banking outlets. RBL Finserve, a 100% subsidiary of the Bank, accounts for 1,084 business correspondent branches. The scrip had shed 0.18% to end at Rs 301 on the BSE yesterday. First Published: Apr 03 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In its recent consultation paper, IRDAI has proposed implementing Indian Accounting Standards (Ind AS) for all insurers with effect from April 1, 2026, promoting better transparency, comparability, and alignment with globally accepted standards This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Top-rated (AAA) borrowers are likely to rely more on large institutional investors such as EPFO and insurance companies, where demand visibility is stronger. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Delhi and Odisha stood out as the second and third fastest-growing e2W states, respectively, in the country This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 03 2026 | 6:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Force Motors reported an 13.49% increase in total sales to 4,199 units in March 2026, as against 3,700 units sold in March 2025. Exports declined 22.34% to 73 units in March 2026, compared with 94 units in the same period last year. Force Motors is engaged in manufacturing light commercial vehicles, utility vehicles, and engines. It is an automobile company with a focus on the design, development, and manufacture of a range of automotive components, aggregates, and vehicles. The company reported a 252.1% year-on-year surge in consolidated net profit to Rs 406.15 crore in Q3 FY26, compared with Rs 115.34 crore in the corresponding quarter last year. Revenue from operations rose 12.7% to Rs 2,128.56 crore in Q3 FY26 as against Rs 1,889.49 crore in Q3 FY25. The counter jumped 6.91% to Rs 20,744.25 on the BSE. First Published: Apr 02 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 02 2026 | 8:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US West Texas Intermediate crude futures were up $4.17, or 4.2 per cent, to $104.29 per barrel Oil prices climbed more than $4 on Thursday after President Donald Trump said the United States would continue to attack Iran, including energy and oil targets over the next few ?weeks, and did not commit to a specific timeline to end the war. Brent crude futures rose $4.88, or 4.8 per cent, to $106.04 per barrel by 0200 GMT. US West Texas Intermediate crude futures were up $4.17, or 4.2 per cent, to $104.29 per barrel. The gains come after both benchmarks had fallen more than $1 earlier on Thursday ahead of Trump's speech and had settled lower in the previous ?session. Trump said in a televised speech to the nation that the US military had nearly completed its goals in its war with Iran, and that the conflict would soon be ending, but gave no specific timeline. "We are going to finish the job, and we're going to finish it very fast. We're getting very close," he said. Threats to maritime ?traffic have grown as the conflict intensifies across the region. Most recently on Wednesday, an oil tanker ?leased to QatarEnergy was hit by an Iranian cruise missile ?in Qatari waters, its defence ministry said. The head of the International Energy Agency cautioned on Wednesday that supply ?disruptions will start to impact Europe's economy in April. The continent had previously been shielded by cargoes contracted before the war ?started. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 02 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 02 2026 | 7:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In Delhi, the price of ten grams of 24-carat gold stood at ?1,53,110. First Published: Apr 02 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex may log sharp losses at open on Thursday as geopolitical tension renewed post US President Donald Trump's address. First Published: Apr 02 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 02 2026 | 7:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brent crude, crude oil First Published: Apr 02 2026 | 7:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 02 2026 | 6:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
stock markets, trading First Published: Apr 02 2026 | 6:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
LSG vs DC LIVE SCORE, IPL 2026: Shami gets the early breakthrough; KL Rahul out for golden duck LSG 141-10 (18.4 ov) DC 6-1 (0.5 ov) Delhi Capitals need 136 runs in 19.1 remaining overs Pathum Nissanka 0(0) Nitish Rana* 4(4) A majority of India’s insurance market heads into facultative and treaty reinsurance renewals on April 1, covering nearly ?3 trillion of the non-life insurance business. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 01 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
“Rediff is quite profitable now. Rediff has also penetrated government clients for emails. Millions of users use Rediff each month,” a person with knowledge of the matter said. First Published: Apr 01 2026 | 7:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Glenmark, which operates 11 manufacturing facilities and six R&D centres worldwide, has been steadily expanding its focus on innovation alongside its generics and branded portfolio. First Published: Apr 01 2026 | 7:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Records growth in sales of 24% for FY 2026 Two-wheeler sales of the company registered a growth of 23% with sales increasing from 46.09 Lakh units in FY 2024-25 to 56.70 Lakh units in FY 2025-26. Three-wheeler of the company registered a growth of 63% with sales increasing from 1.35 Lakh to 2.19 Lakh units in FY 2025-26. Total exports registered a growth of 33% with sales increasing from 11.95 Lakh units in FY 2024-25 to 15.85 Lakh units in FY 2025-26. First Published: Apr 01 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TVS Motor Company announced that during the Q4 of 2025-26, the company registered a growth of 28% with total sales increasing from 12.16 Lakh units in FY 2024-25 to 15.60 Lakh units. During the fourth quarter of the financial year 2025-26, two-wheeler of the company registered a growth of 27% with sales increasing from 11.80 Lakh units to 15.00 Lakh units in the fourth quarter of the financial year 2025-26. Three-wheeler of the company registered a growth of 65% with sales increasing from 0.37 Lakh units in the fourth quarter of financial year 2024-25 to 0.60 Lakh units in the fourth quarter of the financial year 2025-26. Total exports registered a growth of 24% with sales increasing from 3.40 Lakh units in the last quarter of FY 2024-25 to 4.22 Lakh units in the current quarter. First Published: Apr 01 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Records 25% YoY growth in sales TVS Motor Company (TVSM) recorded monthly sales of 519,358 units in March 2026 with a growth of 25% as against 414,687 units in March 2025. Total two-wheelers registered a growth of 25% with sales increasing from 400,120 units in March 2025 to 498,134 units in March 2026. Domestic two-wheeler registered growth of 25% with sales increasing from 297,622 units in March 2025 to 372,383 units in March 2026. Motorcycle registered a growth of 18% with sales increasing from 196,734 units in March 2025 to 232,788 units in March 2026. Scooter registered a growth of 31% with sales increasing from 166,297 units in March 2025 to 217,624 units in March 2026. EV registered a growth of 44% with sales increasing from 26,935 units in March 2025 to 38,877 units in March 2026. The Company's total International Business sales registered a growth of 25% increasing from 113,464 units in March 2025 to 141,443 units in March 2026. Two-wheeler sales grew by 23% with sales increasing from 102,498 units in March 2025 to 125,751 units in March 2026. Three-wheeler registered a growth of 46% with sales increasing from 14,567 units in March 2025 to 21,224 units in March 2026. First Published: Apr 01 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The government plans to issue ?8.2 trillion of dated securities in H1FY27, broadly in line with previous years This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty 50 rose 348 points, or 1.56 per cent, to settle at 22,679. First Published: Apr 01 2026 | 7:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.