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U.S. Stocks Slide and Oil Prices Swing Amid Ongoing Conflict with Iran
Wall Street dips slightly as volatile crude markets fuel inflation concerns, while investors await upcoming government data to gauge the Federal Reserve's next interest rate move.
Blue Dart celebrates Raksha Bandhan with #YaadonKaBandhan campaign
Mumbai (Maharashtra) [India], August 12: Every Raksha Bandhan celebrates a bond built on memories, traditions and shared moments. While families may now live across different cities and states, the festival continues to bring siblings together through Rakhis, gifts and heartfelt gestures.
Sensex, Nifty under pressure; consumer durables shares drop
The Nifty tumbled below the 24,300 level, while sentiment remained subdued amid a lack of strong directional cues. Investors continued to monitor movements in crude oil prices and developments on the global geopolitical front for further indications on the market's near-term trajectory.
Technocraft Ventures IPO ends with 38.69 times subscription
The offer received bids for 32.17 crore shares as against 83.17 lakh shares on offer.
BHEL receives upgrade in credit ratings for LT bank facilities
From India Ratings and Research
Axis Bank raises USD 300M 5.348% Senior Notes
Axis Bank has successfully allotted U.S.$300,000,000 5.348 per cent. Senior Notes (Notes). The said Notes will be consolidated and form a single series with the U.S.$300,000,000 5.348 per cent. Senior Notes under the U.S.$5,000,000,000 Global Medium Term Note Programme issued on 30 June 2026. The issuance and allotment of the Notes have been completed in accordance with the applicable laws and regulatory requirements.
Tata Sons chairman N. Chandrasekaran to quit at end of his term: report
Tata Group stocks fell up to 4% on Wednesday (August 12, 2026) afterReuters reported that Tata Sons Chairman N. Chandrasekaran had resigned
DAM Capital Advisors slides after Q1 PAT slips 35% YoY
DAM Capital Advisors declined 4.05% to Rs 145.15 after the company reported a 34.78% year-on-year decline in consolidated net profit to Rs 0.15 crore in Q1 FY27 from Rs 0.23 crore in Q1 FY26.
TD Power Systems shares rally over 12% after Q1 profit jumps 72% YoY to Rs 86 crore
TD Power Systems shares surged after the company reported a strong Q1FY27 performance. Profit after tax rose 72% YoY to Rs 86 crore, while revenue and EBITDA jumped 71% and 72%, respectively, driven by robust operational growth.
N Chandrasekaran resigns as Tata Sons chairman, to complete current term
The development comes amid reported differences between Tata Sons and Tata Trusts over leadership, board representation and the groups future structure
N Chandrasekaran resigns as Tata Sons chairman, to stay till Feb 2027
Chandrasekaran's resignation comes days before the August 18 AGM, amid differences with Tata Trusts over his reappointment, group strategy and investments in new businesses
Finolex Cables shares jump 10% on strong Q1 performance; revenue crosses Rs 2,000 crore mark
Finolex Cables shares rose sharply on Wednesday after the company reported a 52.6% YoY rise in Q1 FY27 net profit to Rs 208.2 crore. Revenue surged 44.3% to Rs 2,013.15 crore, crossing the Rs 2,000-crore mark, while EBITDA rose 79% and margins expanded amid strong operational performance.
TCS, other Tata stocks fall up to 4% as N Chandrasekaran resigns
Shares of Tata Group companies fell, primarily driven by TCS. N Chandrasekaran stepped down as Tata Sons chairman ahead of the scheduled AGM on August 18, yet he will continue in his role until February 2027. His exit raises questions about the upcoming board meeting, particularly regarding the influence of Tata Trusts, which holds the majority stake.
Yulu raises $93 mn in Series C funding round, plans to scale EV fleet to 2 lakh
The funding comprises $63 million in equity led by GEF Capital Partners and $30 million in debt
Boldfit seeks $80-100 million in fresh funding from PE funds
Boldfit is looking to raise $80-100 million from private equity funds at a 3,000-4,000 crore valuation, as the D2C fitness brand looks to tap Indias fast-growing fitness market.
Nifty drops below 24,400 level; IT shares slump
The Nifty slipped below the 24,400 level, while sentiment remained subdued amid a lack of strong directional cues. Investors continued to monitor movements in crude oil prices and developments on the global geopolitical front for further indications on the market's near-term trajectory.
Reserve Bank of India Governor Sanjay Malhotra on Tuesday urged Indian banks to treat artificial intelligence as a board-driven strategic commitment rather than a series of technology purchases, warning that institutions which delay will find the transition made for them. Malhotra said AI would define this decade as digitalisation defined the 2000s and liberalisation the 1990s. The only question now before us is whether you shape the AI journey or you let it shape you by default, he said.
TD Power Systems spurts as Q1 profit jumps 72%
TD Power Systems rose 14.66% to Rs 1,452 after the company reported strong Q1 FY27 performance.
Dr Agarwals Health Care shares dropped on Wednesday after a Rs 2,065-crore block deal involving 4.07 crore shares. Hyperion Investments and Claymore Investments were likely sellers, according to term sheet details. The block deal came after the company reported a 44.6% YoY rise in Q1 FY27 profit to Rs 55 crore.
Ola Electric gets two-year cell PLI extension, 7,240-crore incentive window through 2031
The revised timeline gives Ola Electric a full five-year PLI window through CY2031 for its 20 GWh allocation and unlocks up to 7,240 crore in cumulative PLI incentives.
N Chandrasekaran resigns as Tata Sons chair seven months early, putting succession in focus
The report says that Chandrasekaran will complete his current term, after which he will not seek reappointment.
MCX shares rise 2% as JPMorgan upgrades, raises target price after this Sebi proposal
Shares of Multi Commodity Exchange (MCX) rose more than 2% after Sebi proposed widening foreign portfolio investors
Divgi Torqtransfer Systems surges as Q1 profit jumps 183%
Divgi Torqtransfer Systems surged 17.60% to Rs 1,249.30 after the company reported strong financial performance for Q1 FY27.
Tiger Global exits Panchayat-creator TVF at a lower valuation
Tiger Global sold up to a 40% stake in a round that valued The Viral Fever at $22 million.
Lenskart, Delhivery, among 10 stocks with highest increase in DII holdings in Q1. See full list
In August, Axis Direct introduces 44 stock recommendations, advocating a buy-on-dips approach. The banking, capital goods, and realty sectors exhibit promising technical patterns for investors. Additionally, consumer durables, healthcare, power, and auto sectors are projected to perform well. However, a selective caution is suggested for FMCG, metals, and oil & gas stocks as the brokerage predicts sustained momentum across various key market areas.
Leap India IPO wraps up with 8.38x subscription
The offer received bids for 96.32 crore shares as against 11.49 crore shares on offer.
Ardee Industries gains on market debut
Shares of Ardee Industries were currently trading at Rs 71.05 at 10:05 IST on the BSE, representing a premium of 34.06% as compared with the issue price of Rs 53.
N Chandrasekaran at Tata Sons: Tracing his tenure through key milestones
N Chandrasekaran is reportedly considering stepping down as Tata Sons chairman ahead of the Aug 18 AGM, amid uncertainty over his director reappointment
44 bullish & bearish stock picks across sectors for August by Axis Direct
In August, Axis Direct introduces 44 stock recommendations, advocating a buy-on-dips approach. The banking, capital goods, and realty sectors exhibit promising technical patterns for investors. Additionally, consumer durables, healthcare, power, and auto sectors are projected to perform well. However, a selective caution is suggested for FMCG, metals, and oil & gas stocks as the brokerage predicts sustained momentum across various key market areas.
Delta Corp slips on reporting dismal Q1 performance
Delta Corp fell 2.14% to Rs 62.16 after the company reported a consolidated net loss of Rs 212.42 crore in Q1 FY27, compared with a net profit of Rs 29.46 crore in Q1 FY26.
Godrej Consumer Products Ltd Falls 10%
Godrej Consumer Products Ltd has lost 14.25% over last one month compared to 0.02% gain in BSE Fast Moving Consumer Goods index and 0.83% rise in the SENSEX
National Aluminium Company Ltd Spurts 4.45%
National Aluminium Company Ltd has added 14.08% over last one month compared to 4.03% gain in BSE Metal index and 0.83% rise in the SENSEX
Manappuram Finance shares witnessed an uptick on Wednesday after Q1 FY27 profit surged nearly four-fold to Rs 585 crore. Jefferies raised its target price to Rs 430, citing better NII and lower provisions, while Morgan Stanley also raised its target. CLSA retained a Hold rating, with a Rs 350 target price.
FMCGs FII nightmare! $5.2 billion selloff in 12 straight months. Are stocks set for a rebound?
Over the past year, foreign investors have unloaded $5.2 billion worth of FMCG stocks, largely due to the challenges stemming from inflated valuations and rising input costs. Companies are now transferring these increased costs to customers, resulting in weak volume growth and declining margins. For a recovery to take shape, analysts emphasize the need for enhanced consumer spending and stable commodity prices.
Indices edge lower in early trade; breadth positive
The Nifty traded below the 24,550 mark, while sentiment remained subdued amid a lack of strong directional cues. Investors continued to monitor movements in crude oil prices and developments on the global geopolitical front for further indications on the market's near-term trajectory.
Zydus Lifesciences shares drop 3% after Q1 earnings. Here's why Nuvama upgraded rating, hiked target
Shares of Zydus Lifesciences saw a decline of more than two percent following the announcement of a notable profit drop. The net profit plunged thirty-six percent year-on-year for the first quarter, despite a nearly twenty-two percent increase in operational revenue. Expenses surged by over forty-one percent. However, the managing director remains optimistic about future prospects. Analysts at Nuvama have upgraded the stock to 'Buy', setting a higher price target.
Missed these IPOs after cold debuts? 11 stocks have since soared up to 222% in few months
Despite underwhelming debuts for eleven IPOs, the market has witnessed a remarkable recovery in their valuations. Stocks have soared impressively, with gains ranging from 23% to a staggering 222% over their initial offer prices. Notably, Omnitech Engineering rebounded dramatically, rising by 222% after an initial drop of 9.63%. This underscores the fact that performance on listing day may not accurately predict long-term success.
ABans Enterprises consolidated net profit rises 598.50% in the June 2026 quarter
Sales rise 39.26% to Rs 1889.40 crore
Cybele Industries reports consolidated net loss of Rs 0.26 crore in the June 2026 quarter
Sales rise 96.97% to Rs 9.10 crore
Trigyn Technologies reports consolidated net profit of Rs 3.49 crore in the June 2026 quarter
Sales rise 12.59% to Rs 252.76 crore
Syncom Formulations (India) consolidated net profit rises 57.78% in the June 2026 quarter
Sales rise 7.38% to Rs 125.53 crore
Pacific Industries consolidated net profit rises 81.72% in the June 2026 quarter
Sales rise 28.72% to Rs 63.92 crore
AYM Syntex reports consolidated net profit of Rs 8.66 crore in the June 2026 quarter
Sales rise 7.52% to Rs 351.03 crore
Om Power Transmission standalone net profit rises 25.99% in the June 2026 quarter
Sales rise 36.88% to Rs 121.63 crore
Tyche Industries reports standalone net loss of Rs 0.04 crore in the June 2026 quarter
Sales decline 28.35% to Rs 9.10 crore
Indo Tech Transformers standalone net profit rises 34.06% in the June 2026 quarter
Sales rise 39.02% to Rs 227.89 crore
Beryl Drugs standalone net profit rises 1000.00% in the June 2026 quarter
Sales rise 52.40% to Rs 7.30 crore
Sensex falls over 200 points, Nifty below 24,450 as oil nears $90/barrel. What lies ahead?
On Wednesday, Indian stocks experienced a downturn as oil prices approached $90 per barrel. Analysts attribute this decline to geopolitical tensions in the Middle East, which are hampering market momentum. Despite this, the resilience of India's growth suggests improved corporate earnings for FY27, while mid and small-cap stocks have been highly active due to recent results.
Godrej Consumer Products shares tank 10% after CEOs sudden exit. What Citi analysts are saying
Godrej Consumer Products Ltd. shares tanked over 10% after MD & CEO Sudhir Sitapati resigned unexpectedly. Aasif Malbari takes over as the new CEO. Despite potential near-term sentiment overhang, brokerage firm Citi maintained its Buy rating with a target price of Rs 1,350, citing intact strategy and unchanged FY27 guidance.
Mid East Portfolio Management standalone net profit declines 81.15% in the June 2026 quarter
Reported sales nil
Multibase India standalone net profit rises 46.09% in the June 2026 quarter
Sales rise 25.06% to Rs 20.96 crore
Wanbury standalone net profit declines 75.98% in the June 2026 quarter
Sales rise 1.47% to Rs 165.58 crore
Epack Durable consolidated net profit declines 48.36% in the June 2026 quarter
Sales rise 33.76% to Rs 886.02 crore
Enviro Infra Engineers consolidated net profit declines 4.94% in the June 2026 quarter
Sales rise 49.09% to Rs 359.18 crore
Allcargo Terminals consolidated net profit declines 30.08% in the June 2026 quarter
Sales rise 14.50% to Rs 214.41 crore
Innova Captab consolidated net profit rises 42.26% in the June 2026 quarter
Sales rise 33.94% to Rs 470.85 crore
TARC consolidated net profit declines 58.23% in the June 2026 quarter
Sales rise 186.11% to Rs 217.13 crore
Flair Writing Industries consolidated net profit declines 0.28% in the June 2026 quarter
Sales rise 10.64% to Rs 319.25 crore
Focus Lighting & Fixtures consolidated net profit rises 32.87% in the June 2026 quarter
Sales rise 17.88% to Rs 48.86 crore
Sabrimala Industries India consolidated net profit declines 14.29% in the June 2026 quarter
Reported sales nil
Gujarat Energy consolidated net profit rises 69.80% in the June 2026 quarter
Sales rise 63.12% to Rs 9544.98 crore
Aerpace Industries reports consolidated net loss of Rs 4.12 crore in the June 2026 quarter
Reported sales nil
KJMC Corporate Advisors (India) consolidated net profit rises 8.45% in the June 2026 quarter
Sales rise 20.51% to Rs 3.76 crore
Beekay Steel Industries consolidated net profit rises 22.14% in the June 2026 quarter
Sales rise 32.48% to Rs 374.71 crore
Starteck Finance consolidated net profit rises 22.03% in the June 2026 quarter
Sales rise 39.51% to Rs 10.91 crore
Aries Agro consolidated net profit rises 48.65% in the June 2026 quarter
Sales rise 16.33% to Rs 185.86 crore
Dam Capital Advisors consolidated net profit declines 34.78% in the June 2026 quarter
Sales decline 3.21% to Rs 29.86 crore
Epic Energy consolidated net profit declines 71.43% in the June 2026 quarter
Sales rise 134.91% to Rs 2.49 crore
Fundviser Capital (India) consolidated net profit rises 478.85% in the June 2026 quarter
Sales rise 116.59% to Rs 36.82 crore
Faze Three consolidated net profit declines 24.51% in the June 2026 quarter
Sales rise 8.22% to Rs 229.39 crore
Som Distilleries & Breweries consolidated net profit declines 98.91% in the June 2026 quarter
Sales decline 49.16% to Rs 268.63 crore
Simplex Infrastructures consolidated net profit rises 125.00% in the June 2026 quarter
Sales rise 19.77% to Rs 290.55 crore
Ashiana Housing consolidated net profit rises 3.07% in the June 2026 quarter
Sales decline 63.30% to Rs 107.45 crore
P I Industries consolidated net profit declines 38.95% in the June 2026 quarter
Sales decline 10.43% to Rs 1702.30 crore
MMTC consolidated net profit rises 135.52% in the June 2026 quarter
Sales decline 50.00% to Rs 0.68 crore
Man Industries (India) consolidated net profit rises 122.41% in the June 2026 quarter
Sales rise 41.91% to Rs 1053.13 crore
Polyplex Corporation reports consolidated net profit of Rs 91.03 crore in the June 2026 quarter
Sales rise 29.62% to Rs 2253.62 crore
Bata India consolidated net profit rises 23.04% in the June 2026 quarter
Sales rise 3.94% to Rs 978.95 crore
Lorenzini Apparels standalone net profit rises 126.04% in the June 2026 quarter
Sales rise 81.61% to Rs 16.69 crore
Infronics Systems reports standalone net loss of Rs 0.16 crore in the June 2026 quarter
Reported sales nil
Credo Brands Marketing standalone net profit declines 63.65% in the June 2026 quarter
Sales rise 4.44% to Rs 125.27 crore
Glenmark Pharmas US subsidiary has agreed to pay $15.28 million to settle antitrust litigation with Humana over allegations involving generic drug pricing and market allocation.
KD Leisures reports standalone net profit of Rs 0.08 crore in the June 2026 quarter
Reported sales nil
ABans Enterprises reports standalone net loss of Rs 0.56 crore in the June 2026 quarter
Sales decline 86.62% to Rs 7.57 crore
Bodhtree Consulting reports standalone net loss of Rs 1.46 crore in the June 2026 quarter
Sales rise 1.57% to Rs 1.94 crore
Tata Sons' IPO can take a page from Hong Kong titan Jardine Matheson
Last week, the Reserve Bank of India retained Tata Sons Pvt. on its updated list of systemically important shadow lenders
Landmarc Leisure Corporation reports standalone net profit of Rs 0.05 crore in the June 2026 quarter
Sales rise 2600.00% to Rs 0.27 crore
Viksit Engineering reports standalone net loss of Rs 0.04 crore in the June 2026 quarter
Reported sales nil
SW Investments standalone net profit rises 60.00% in the June 2026 quarter
Sales rise 75.00% to Rs 0.14 crore
Crystal Business System reports standalone net loss of Rs 0.89 crore in the June 2026 quarter
Sales decline 38.75% to Rs 0.98 crore
