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The National Stock Exchange saw substantial turnover in its Closing Auction Session. This session accounted for twenty-two percent of total cash market turnover on Monday. More than ninety-eight thousand investors participated in this significant trading period. The session coincided with the MSCI August 2026 Index Review implementation. This marks a successful first month for the…
GRT Jewellers will acquire a 74.12% controlling stake in TBZ for up to Rs 1,033.71 crore, expanding its store network and national footprint. The deal combines two longstanding jewellery brands, subject to regulatory approvals and a mandatory open offer.
Blackstone-backed Epsilon Bidco plans to sell its 26.4% stake in packaging firm EPL Ltd through a block deal valued at approximately Rs 1,985 crore. The shares are offered at Rs 235 each, marking a discount to the current market price.
ONGC plans to enter crude and petroleum product trading operations soon. A new strategic petroleum reserve will be built in Mangalore. Exploration and production remain ONGC’s central strategic focus. The company will spend one lakh crore on deepwater drilling by 2031. This expansion aims to strengthen supply security and extract more value.
Eastern Coalfields Limited is implementing safety measures at Khandra Colliery. Surface cracks were observed near Nilkanth Temple on July 28, 2026. Unauthorised structures hinder effective surface filling and may cause air ingress. Sealing the mine from the surface is a proactive safety intervention. The company is monitoring the situation and ensuring employee safety.
Bank gold loans grew significantly, though at a slower pace. Personal loans also saw increased growth, driven by housing and vehicle financing. New regulations adjusted loan-to-value ratios and repayment tenures for gold loans. Housing and vehicle loans experienced notable year-on-year increases in their outstanding amounts. Overall bank credit expanded robustly, with services sector leading the…
Subhash Chandra’s insolvency case: The National Company Law Tribunal has not issued a final order in the Rs 22,000 case. A two-member bench could not reach a majority verdict due to a third member’s differing opinion. The matter has been sent back to the NCLT President for further direction. This personal insolvency case involves claims…
Subhash Chandra, in an 18-minute Instagram interaction, focused on his insolvency plan and said 85 Essel-linked borrowers had agreed to repay about ₹990 crore in dues. He called personal guarantees his biggest mistake and defended his ₹6.5-crore plan.
The cinema chain will buy back up to 20,68,965 fully paid-up equity shares through the tender offer route, with 4 September fixed as the record date
RBI’s net short dollar position rose from $103.33 billion at June-end as the central bank remained active in the forward market amid depreciation pressure on the rupee