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Track key corporate news, quarterly earnings summaries, startup funding updates, executive movements, and major company announcements across leading industries.
Oyo’s parent company, PRISM, has filed its IPO papers with SEBI, planning a Rs 6,650 crore fresh issue to repay borrowings. The hospitality giant reported significant revenue and profit growth for the nine months ending December 2025, driven by international expansion, particularly in the US following the G6 Hospitality acquisition. PRISM operates across 43 brands…
Asian stocks surged to their best quarterly gain in 17 years, mirroring Wall Street’s tech-led rally. The Japanese yen hit a four-decade low against the dollar, sparking concerns about market intervention. Global equities are poised for a strong quarter, with investors now awaiting US-Iran talks and crucial US jobs data for clues on future interest…
Promoters and large shareholders are cashing in on a stock market rebound, offloading shares worth over ₹24,000 crore in May and June. This surge in secondary market deals, driven by strong domestic institutional investor appetite fueled by SIP inflows, contrasts with a lull earlier in the year. Notable sales include Vedanta, Craftsman Automation, and PB…
India’s banking sector is set to gain a powerful new weapon against digital fraud. The National Payments Corporation of India (NPCI) has initiated a pilot for an AI model that can detect and track stolen money in real-time as it moves across bank accounts. This innovative technology aims to intercept fraudulent transactions before funds vanish,…
The central bank’s bond buyback saw a lukewarm market reception, attracting significantly less than the offered amount despite a liquidity deficit in the banking system. Banks held back, anticipating future inflows and preferring short-term papers. Meanwhile, the benchmark 10-year government bond yield dipped to its lowest since March, buoyed by falling oil prices and record…
Creditors seeking duplicate recoveries from group companies after a resolution plan is finalized will be disappointed, the NCLT ruled. JM Financial ARC’s bid to recover more from KSK Mahanadi Power via guarantees was dismissed, as the tribunal found their admitted dues were already fully satisfied. This landmark judgment clarifies that approved resolution plans are binding,…
Kumar (66), a seasoned public policy leader and financial sector reformer, is widely credited with playing a key role in revitalising India’s banking and financial system during a period of significant stress between 2017 and 2020. During his tenure, he strengthened governance, risk management and regulatory oversight across banks by institutionalising specialised monitoring of large…
India’s leading retail broker, Zerodha, is making a significant move into investment banking. The company has applied to Sebi for a merchant banking license through its arm, Zerodha Corporate Advisors. This strategic expansion comes as the equity capital markets show strong potential, with experts noting ample room for new players possessing robust distribution and investor…
India has surged back to the fifth spot globally in market capitalization, surpassing Taiwan. This marks India’s second ascent in recent weeks, having previously overtaken South Korea. The shift comes as Taiwan’s AI-driven rally cooled, trimming its market value. Investors are now reassessing stretched valuations and the sustainability of AI spending, impacting semiconductor-heavy markets.
Espire Hospitality has achieved a landmark financial year 2026, reporting Rs 141 crore in revenue, a 17% increase, and Rs 8 crore in profit. The company saw a strong Q4 with Rs 49 crore revenue and Rs 11 crore EBITDA. With 17 hotels and significant expansion plans, including a Rs 300 crore ultra-luxury resort near…