The Securities and Exchange Board of India (Sebi) is set to simplify IPO processes by reducing offer document summary content and streamlining procedures for companies with pre-IPO pledged shares. Chairman Tuhin Kanta Pandey stated these changes aim to encourage informed investor feedback and prevent listing delays.Read More
Indian markets saw a slight dip on Thursday. Key companies like Infosys, Apollo Hospitals, and Airtel are in focus due to corporate news and earnings. Infosys announced its record date for a large share buyback. Apollo Hospitals reported strong profit growth. LIC also posted a significant rise in net profit. Singtel plans to sell a...Read More
Indian stock markets closed lower on Thursday. Early gains faded as investors booked profits. Analysts suggest the market is in a consolidation phase with a negative outlook. Key support levels are being watched closely. Global markets showed mixed movements. Foreign investors were net sellers, while domestic investors bought shares. The Indian Rupee saw a slight...Read More
Godrej Properties reported a record second-quarter net profit of Rs 405 crore, a 21% year-on-year increase. The company’s booking value surged 64% to Rs 8,505 crore, driven by strong sales across multiple cities and the launch of 12 new projects. This performance positions them well to exceed their annual booking value guidance.Read More
India’s second largest IT services company Infosys has fixed the record date for its Rs 18,000 crore share buyback on November 14. The buyback proposal was approved by the shareholders with overwhelming majority of 98.81%.Read More
Bajaj Auto’s subsidiary is set to acquire a significant stake in Pierer Bajaj AG. This move involves purchasing 24,000 shares for over 24 million Euro. The acquisition will make Pierer Bajaj AG a wholly-owned subsidiary of Bajaj Auto’s international holdings arm. This strategic step is expected to strengthen Bajaj Auto’s control over its international operations...Read More
Societe Generale acquired over 31.61 lakh shares of RBL Bank for Rs 101 crore. This comes as Mahindra & Mahindra sold its entire 3.45% stake for Rs 678 crore, marking a 62.5% gain. RBL Bank shares saw significant trading volumes and hit a 52-week high. Emirates NBD Bank proposed an open offer to acquire a...Read More
Markets are reacting to private data as economic figures are scarce due to the US government shutdown. Job cuts are rising, particularly in technology and warehousing. Concerns about high tech valuations are also unsettling investors. Meanwhile, Federal Reserve officials are weighing inflation risks against labor market strength. Oil prices are seeing increased supply.Read More
Wall Street’s main indexes opened lower on Thursday, as investors digested a slate of corporate earnings, while concerns around U.S. tariffs, surging valuations and mixed economic data kept investors on edge.Read More
Zydus Lifesciences plans to raise Rs 5,000 crore via share sales. This move aims to reduce debt and boost future expansion. Funds will support R&D, international market growth, and new specialty product launches. The company reported strong profit and revenue growth in the second quarter.Read More
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