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Patanjali Foods shares fell 66.7% on Thursday as the stock turned ex-bonus following a 2:1 bonus issue. The decline is a technical adjustment, with shareholder value and market capitalization unchanged. Investors now hold three shares instead of one, at a proportionally lower price. The move aims to boost liquidity and broaden retail participation.
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Shringar House of Mangalsutra IPO enters Day 2 with a strong grey market premium of 16%, reflecting robust investor demand. Retail and non-institutional investors drove a 2.01x subscription on Day 1. The Rs 401 crore issue closes September 12, listing expected September 17.
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​Global bond market stress rises as debt concerns mount in France, Britain, US, Japan, and Germany. Political uncertainty, rising yields, and fiscal pressures weigh on stability, with France and the US most watched.
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Reliance Industries has launched Reliance Intelligence, a wholly-owned subsidiary, to spearhead its AI ambitions in India. This move, announced after market hours with RIL shares closing positively, follows Mukesh Ambani’s vision to transform RIL into a deep-tech enterprise.
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Tata Motors share price: Jaguar Land Rover, Tata Motors’ British subsidiary, suffered a cybersecurity breach, causing production and sales delays. The incident adds to ongoing challenges, including slowing demand, launch delays, and a 63% decline in Q1 consolidated net profit.
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Dr Reddy’s has announced $50.5 million acquisition of the Stugeron brand from Janssen Pharmaceutica. The deal strengthens its CNS and anti-vertigo portfolio across 18 APAC and EMEA markets, including India and Vietnam, supporting expansion and patient reach goals.
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Indian stocks began trading on a positive note Thursday, marking the Nifty 50’s seventh consecutive session of gains. This surge followed U.S. President Donald Trump’s announcement of planned discussions with Prime Minister Narendra Modi to address trade tensions. The S&P BSE Sensex rose by 0.13%, while the NSE Nifty 50 increased by 0.
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Kotak Mahindra Bank shares: SMBC sold its entire 1.65% stake in Kotak Mahindra Bank for ₹6,256 crore through block deals, with major global and domestic investors like BlackRock, Goldman Sachs, and Abu Dhabi Investment Authority participating.
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Despite gold’s record highs, jewellery stocks have fallen up to 35% this year. However, improved consumer spending from GST changes and the festive season could boost demand, with analysts forecasting 14–16% revenue growth for organized jewellers, though higher prices may limit volume growth.
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Infosys is set to announce a Rs 10,000–15,000 crore share buyback today, its fifth since listing. Analysts see potential short-term support and EPS boost, while Infosys’ share price’s 25% year-long decline and attractive valuations make this buyback closely watched by investors.
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