Vedanta announced the demerger of its surplus real estate assets into a new entity, Vedanta Property Platforms Ltd (VPPL). Vedanta Ltd on Thursday reported a 71.84 per cent year-on-year (YoY) rise in consolidated net profit attributable to owners at Rs 5,473 crore for the quarter ended June 30, 2026 (Q1 FY27), compared with Rs…
DetailsManipal Health Enterprises’ IPO saw a sluggish start, being subscribed 0.15 times on Day 1, with retail and non-institutional portions lagging. The company raised ₹4,167 crore from anchor investors. The total issue size is ₹9,275 crore, with shares listing on August 5. Manipal Health Enterprises, which operates one of India’s largest networks of multi-specialty…
DetailsZepto, a quick commerce player, had received the Sebi nod for its IPO in April. Shares of Swiggy and Eternal have rallied today after reputed news channel reported on July 27 that Zepto is testing waters at an post-money IPO valuation of $3 billion from the $5 billion it was initially targeting, reinforcing investor…
DetailsThus far in July 2026, the market price of Eternal and Swiggy outperformed the market, gaining 12 per cent and 11 per cent, respectively. Eternal, Swiggy shares price movement Shares of food delivery (FD) and quick commerce (QC) platform companies Eternal (Zomato) and Swiggy rallied up to 6 per cent on the BSE…
DetailsOil futures fell over 3% due to disruptions in the Red Sea and heightened U.S.-Israeli-Iran tensions. Brent dropped to $97.10, but is on course for a 10% weekly gain, while WTI is set for an 8% increase amidst fears of further supply constraints. Futures contracts for oil slumped by more than 3% today, on 24…
DetailsIf the Nifty 50 sustains below the 24,000 level, selling pressure could intensify toward the crucial support zone of 23,800-23,780, according to experts. However, a rebound above this level could lift the index toward the 24,100-24,200 range. The Nifty 50 remained under selling pressure throughout the session and closed 0.8 percent lower on July…
DetailsHDFC Asset Management Company (HDFC AMC), the investment manager of HDFC Mutual Fund, has launched the HDFC Nifty Metal ETF and the HDFC Nifty Metal ETF Fund of Fund (FOF), offering investors exposure to India’s metals and mining sector. The New Fund Offer (NFO) for the HDFC Nifty Metal ETF opened on July…
DetailsNifty needs to reclaim and sustain above the 24,350-24,400 zone, which could increase the possibility of a further upmove towards the 24,800-25,000 zone. Until then, range-bound trading and consolidation are likely to continue, with immediate support at 24,200, followed by the key support level of 24,000. The Nifty 50 retreated after Friday’s sharp…
DetailsShares of Patanjali Foods plunged 18% on July 15 to hit 52-week low after 1.5% equity worth Rs 195 crore changed hands. At 12 pm on July 25, Patanjali Foods shares were trading 17% lower at Rs 337.6 apiece, thus extending losses for third straight session. The 52-week low of the stock is Rs…
DetailsMoody’s has affirmed the ratings of SBI and HDFC Bank with a stable outlook, citing strong asset quality, healthy profitability and solid capital buffers Moody’s Ratings on Tuesday affirmed the ratings of State Bank of India (SBI) and HDFC Bank, with a stable outlook, on strong asset quality. In two separate statements, Moody’s Ratings…
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