Shares of Meesho fell 10% to hit the lower circuit after the company revealed a Rs 1,500-crore tax demand from the Income Tax Department, nearly half of its Q3 operating revenue. The demand relates to the 2023-24 assessment year. Meesho said it disagrees with the order and is evaluating legal and factual grounds to contest it.Read More
Despite selling Rs 74,700 crore in FY26, FIIs steadily increased stakes in 58 Indian stocks above Rs 3,000 crore market cap. Fourteen delivered 50–1,650% returns, with five becoming multibaggers, highlighting selective institutional confidence and strong stock-specific performance across sectors.Read More
Greenko Energies Pvt. is exploring a potential initial public offering in Mumbai. The company aims to raise up to $1 billion. This move could test investor interest in renewable energy shares. The company is backed by GIC Pte. and Abu Dhabi Investment Authority. Discussions with bankers are underway for a possible share sale this year. Details are still being finalized.Read More
European shares slumped to their lowest in over two months on Monday, as surging oil prices exacerbated inflation worries with the U.S.- Israeli war on Iran showing no signs of slowing down.Read More
Global markets are grappling with a surge in crude oil prices, with Brent crude exceeding $100. Strategists note that markets are already digesting this shock, impacting Asian markets significantly. India, however, may face less downside due to its recent economic efficiency and ability to purchase Russian oil, though the duration of the conflict remains a key factor.Read More
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
