Category: Business News

Aviation stocks, including IndiGo and SpiceJet gained after crude oil prices declined sharply as supply concerns eased following progress in the Iran conflict. Lower fuel costs lifted sentiment for airlines, while investors assessed the potential recovery in travel demand and normalisation of global aviation operations.

Silver Consumer Electricals, renowned for its pumps and motors, has successfully raised Rs 150 crore through a pre-IPO secondary share sale. A 2.59% stake was sold by a promoter group member to investor Riyaz Suterwala, paving the way for its upcoming initial public offering. With its DRHP filed last August, the Rajkot-based company aims to…

Indian stock markets will remain closed on June 26 for Muharram, marking another scheduled exchange holiday in 2026. Commodity exchanges will follow different trading schedules, with MCX resuming in the evening session while NCDEX remains shut. Several additional market holidays are scheduled later in the year.

SBI Mutual Fund’s unlisted shares have delivered nearly 3.8x returns over the past three years, helped by sharp price appreciation and a 3:1 bonus issue, ahead of its proposed IPO. With Sebi’s approval in place, the country’s largest asset manager is expected to launch its public issue in early July.

HDFC Mutual Fund has secured an additional 10 lakh shares of Global Health, which is known for operating Medanta hospitals, from co-founder Sunil Sachdeva for Rs 130 crore. This acquisition builds on a prior purchase made last month. The transaction accounts for a 0.37% stake in the company. In related news, Global Health has reported…

Vodafone Idea shares have seen a dramatic surge, climbing nearly 80% in under three months. This rally, fueled by reduced dues and promoter support, has sparked investor interest. However, experts caution that while short-term gains are possible, underlying structural challenges persist, making it a trader’s play rather than a long-term investment. Investors are advised to…

India’s IPO market is set for a strong rebound in the second half of 2026, with major listings such as Jio Platforms, NSE and SBI Mutual Fund lined up. A mix of large corporates and new-age firms like Zepto and Acko is expected to drive primary market activity across sectors.

Brokerages have initiated fresh coverage on several Indian stocks across metals, textiles, engineering and luxury retail, with mostly Buy ratings and double-digit upside targets. Firms like Meesho, Vedanta Aluminium, GE Vernova T&D and Welspun Living are seen as key beneficiaries of sectoral growth and structural demand trends.

South Korean stocks experienced a dramatic plunge, exceeding 8% and triggering a trading halt. This sharp decline was primarily driven by a significant selloff in major semiconductor companies like Samsung Electronics and SK Hynix, alongside broader global tech sector weakness. The benchmark KOSPI index is now on track for its worst weekly performance in over…

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