Jio Platforms is set to raise up to $3.2 billion at a valuation of $108.3 billion in what will be India’s biggest ever IPO Mukesh Ambani’s $3.2 billion Jio Platforms IPO has drawn bids of about $25 billion from institutions including GIC, BlackRock and Fidelity, totalling almost 30 times the quota reserved for anchor investors,…
On September 28, the Indian stock market faced significant selling pressure, with indices dropping due to rising crude oil prices and global monetary tightening fears. The Nifty 50 fell 1.54%, closing below 23,000 for the first time since April, as multiple sectors showed losses. The Indian stock market came under severe selling pressure in Monday’s…
Bharti Airtel announced its Q1FY27 earnings, reporting a 37% rise in net profit to ₹8,167 crore and an 18.3% increase in revenue to ₹58,539 crore, compared to the previous year. Bharti Airtel Q1 results: Telecom major Bharti Airtel posted its earnings for the quarter ended June 2026 (Q1FY27) on Tuesday, 8 August, after market hours.…
Apollo Micro Systems saw a 5.6% rise to ₹311 as investors reacted positively to its strong March quarter results, reporting an 81.3% YoY revenue increase to ₹293.26 crore and a 163.5% jump in PAT to ₹36.79 crore. Apollo Micro Systems, a multibagger defence stock, closed 5.6% higher at ₹311 apiece in Monday’s trade on May…
Sensex crashed 1,690 points, or 2.25%, to end at 73,583, while Nifty 50 settled at 22,819.60, falling 487 points, or 2.09%. Investors lost about ₹9 lakh crore. The Indian stock market suffered strong losses on Friday, March 27, with equity benchmarks — Sensex and Nifty 50 — falling more than 2% each. Sensex crashed 1,690…
Infosys plans to repurchase 10 crore fully paid-up equity shares of face value Rs 5 each, representing up to 2.41 per cent of its total paid-up equity share capital. The buyback price has been set at Rs 1,800 per share. Infosys Ltd‘s Rs 18,000 crore share buyback programme will open for subscription on Thursday (November…
The fund, according to the AMC, is designed to deliver FD-plus returns with low volatility, combining equity, debt and derivatives. The fund’s derivative strategies will operate within a universe of the nearly 200 F&O stocks, primarily large- and mid-cap names, selected for strong fundamentals and liquidity. SBI Mutual Fund has launched Magnum Hybrid Long…
The GST Council will discuss the Centre’s proposed proposed rate rationalisation reforms, with a view to simplify slabs and reduce burden on customers. We look at what may get cheaper under new slabs… GST reforms: The Goods and Services Tax (GST) Council, chaired by Finance Minister Nirmala Sitharaman, begun its 56th meeting in New Delhi…
The Adani Group is exploring a tieup with Chinese EV giant BYD Co. that would allow billionaire Gautam Adani’s conglomerate to manufacture batteries in India and extend its push into clean energy, according to people familiar with the matter. Adani is personally heading discussions with BYD executives, which have taken place as recently as…
Morgan Stanley also issued a ‘Bear’ case scenario, where Sensex drops to 70,000 by July 2026. This holds 20 percent probability, according to the international brokerage. Morgan Stanley sees Sensex at 1 lakh in bull case by June 2026, cites potential triggers for re-rating Global brokerage Morgan Stanley on August 4 issued a positive note…