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Track key corporate news, quarterly earnings summaries, startup funding updates, executive movements, and major company announcements across leading industries.
Avience Biomedicals made a spectacular debut on the NSE SME platform, with its shares rocketing 90% on listing day. The Rs 30.24 crore IPO, which was oversubscribed a staggering 385 times, saw strong demand across all investor categories. The company, a manufacturer of molecular diagnostic solutions, plans to use the IPO proceeds to expand its…
India’s audit market in FY26 remained dominated by large firms, with EY, KPMG and Deloitte leading by audit volume and market capitalisation exposure. Concentration persists, with limited firms handling multiple mandates, while auditor exits and tenure completions signal ongoing churn within the listed companies’ audit ecosystem.
India’s water sector is experiencing a surge, with stocks like Shakti Pumps and VA Tech Wabag jumping up to 45% in a month. This rally is fueled by increased government funding for water infrastructure and the growing demand from data centers for cooling. Experts predict wastewater treatment and recycling will be key growth areas, though…
The IPO comprises a fresh issue of 60 lakh shares worth Rs 25.20 crore and an offer for sale (OFS) of 14.95 lakh shares aggregating to Rs 6.28 crore. The issue is priced in the Rs 39-42 per share band and will close on June 30. The shares are proposed to be listed on the…
Adani Ports is poised to acquire Karanja Terminal & Logistics, with creditors endorsing its ₹625-crore recovery plan. The nation’s top port operator has offered full repayment to financial creditors for their outstanding dues. This development follows Prudent ARC’s acquisition of nearly all of Karanja’s debt, signaling a significant shift in the company’s future.
Tata Chemicals shares surged on Thursday, driven by the RBI’s new guidelines for upper-layer NBFCs, sparking hopes for a Tata Sons listing. Analysts suggest this could unlock significant value for Tata Chemicals, which holds a stake in the unlisted entity. The potential listing of Tata Sons, valued in the unlisted market, could boost Tata Chemicals’…
Indian stock markets closed slightly higher on Thursday, marking a third consecutive week of gains, buoyed by falling crude oil prices. The Nifty 50 and Sensex both edged up, with easing oil prices boosting investor confidence. Analysts suggest dips may attract buying, anticipating improved corporate margins from the second quarter, even with potential monsoon deficits….
India’s credit card market crossed 120 million active cards in May, driven by strong new additions even as spending growth slowed, according to RBI data. Net card additions rose 34% year-on-year to 1.02 million, while total spending increased only 6.3% to ₹2.02 lakh crore.
Power Finance Corp and REC are finalizing a merger plan to help the government maintain its majority stake cost-effectively. Two primary options are being considered: issuing preference shares at ₹10 each, requiring an estimated ₹800 crore outlay, or subscribing to non-tradable bonds worth around ₹24,000 crore. Advisors favor the preference share route, deeming it less…
The board of Power Grid Corporation has approved a substantial raise in its borrowing limit to Rs 2.2 lakh crore, up from Rs 1.8 lakh crore, subject to shareholder consent. Furthermore, the company intends to obtain USD 500 million in foreign currency resources via External Commercial Borrowings. The board has also sanctioned an investment of…